**ARGO RE**
Member Argo Group

**Insured:** International Business Machines Corporation
**Policy No.:** ARGO-CAS-OCC-000888.1
**Endorsement No.:** 1
**Effective Date:** MAY 21, 2016

**SCHEDULE OF EXCESS POLICY(IES)**

| Punitive Damages | Insurer: ACE Bermuda Insurance Ltd. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
|------------------|------------------------------------|--------------------------------------|--------------------------------|
| Excess Liability | Insurer: Liberty Insurance Underwriters Inc. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Punitive Damages | Insurer: Magna Carta Insurance, Ltd. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Excess Liability | Insurer: The Ohio Casualty Insurance Company | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Punitive Damages | Insurer: Magna Carta Insurance, Ltd. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Excess Liability | Insurer: QBE Insurance Corporation | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Punitive Damages | Insurer: QBE Insurance (Europe) Limited | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Excess Liability | Insurer: Great American Assurance Co. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Punitive Damages | Insurer: GAI Insurance Company, Ltd. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Excess Liability | Insurer: Allied World Assurance Company, AG | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |
| Punitive Damages | Insurer: Argo Re (UK) Ltd. | Policy Period: 05/21/2016 – 05/21/2017 | USD 25,000,000 Each Occurrence |

*Excess of item 1, 2 & 3 above*

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