**Insured Name:** International Business Machines Corporation

**Policy Number:** ECA1KFW12A0W

**Endorsement No:** 1

**Effective Date:** May 21, 2012

## SCHEDULE OF FOLLOWED POLICY, PRIMARY POLICIES AND UNDERLYING EXCESS POLICIES

| Type of Coverage | Insurer | Policy Number | Policy Period | Limits of Liability |
|------------------|---------|---------------|---------------|---------------------|
| 1. Occurrence     | ACE Property and Casualty Insurance Company | XOO G25915551 | May 21, 2012 to May 21, 2013 | USD 50,000,000 (Per Occurrence) <br> USD 50,000,000 (Annual Aggregate where applicable) |
| 2. Occurrence     | Great American | EXC 2101297 | May 21, 2012 to May 21, 2013 | USD 25,000,000 (Per Occurrence) <br> USD 25,000,000 (Annual Aggregate where applicable) |
| 3. Occurrence     | Endurance (Bermuda) | EXC10000024503 | May 21, 2012 to May 21, 2013 | USD 25,000,000 (Per Occurrence) <br> USD 25,000,000 (Annual Aggregate where applicable) |
| 4. Occurrence     | Liberty International/ Ohio/ Chubb | EXCNY-0787753-11 /ECO (13) 54088246 //79665684 | May 21, 2012 to May 21, 2013 | USD 100,000,000 (Per Occurrence) <br> USD 100,000,000 (Annual Aggregate where applicable) |
| 5. Occurrence     | Argo Re/ Canopius/ XL / Arch / Great American/ Fireman's Fund | WE1200211/IBM-260/CUBLSF02-12/BM00026195L12A/ UFP00427601/EXC2101298/SH X00014924864 | May 21, 2012 to May 21, 2013 | USD 200,000,000 (Per Occurrence) <br> USD 200,000,000 (Annual Aggregate where applicable) |
| 6. Occurrence     | QBE / IronStarr | CCU3967489 / IS0000881 | May 21, 2012 to May 21, 2013 | USD 50,000,000 (Per Occurrence) <br> USD 50,000,000 (Annual Aggregate where applicable) |