# Allied World

**Endorsement No:** 1  
**This endorsement, effective:** May 21, 2016 (at 12:01 A.M. prevailing time at the address of the Named Insured as shown in Item 1(b) of the Declarations)  
**forms a part of Policy No:** C018124/004  
**Issued to:** International Business Machines Corporation

| Liability | Company, Ltd |
|-----------|---------------|
| May 21, 2016 to May 21, 2017 | USD25,000,000 Products Completed Operations Aggregate General Aggregate |
| Part of | USD200,000,000 Each Occurrence |
| | USD200,000,000 Products Completed Operations Aggregate General Aggregate |
| 5e. Excess Liability | QBE Insurance Corporation |
| May 21, 2016 to May 21, 2017 | USD25,000,000 Each Occurrence |
| | USD25,000,000 Products Completed Operations Aggregate General Aggregate |
| Part of | USD200,000,000 Each Occurrence |
| | USD200,000,000 Products Completed Operations Aggregate General Aggregate |

**Ref:** ACBSF-401c (AWAC Ed. 11/14)

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