**Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION

**Policy No.:** BM00024832LI10A

**Endorsement No.:** 1

**Effective Date:** MAY 21, 2010

**Page 3 of 3**

**SCHEDULE OF EXCESS POLICY(IES)**

5. **Excess Liability**
   - **Insurer:** Great American Insurance Co. of NY
   - **Policy Number:** EXC 1679517
   - **Policy Period:** May 21, 2010 - May 21, 2011
   - **Policy Form:** GAI6524.06.97
   - **USD $25,000,000 part of $200,000,000 Each Occurrence**
   - **USD $25,000,000 part of $200,000,000 General Aggregate**
   - **USD $25,000,000 part of $200,000,000 Products/Completed Operations Aggregate**

The terms, declarations, reinsuring agreements, definitions, exclusions and conditions of this Policy otherwise remain unchanged.

**XL INSURANCE (BERMUDA) LTD**

By: **Vivienne Moniz**

**Title:** ASSISTANT VICE PRESIDENT

**Date:** JULY 1, 2010

**Ref:** XSBSF-001.01

**XL INSURANCE**