# SCHEDULE OF UNDERLYING INSURANCE INCLUDING RENEWALS OR REPLACEMENTS

1. **Comprehensive General Liability**
   - Zurich Insurance Company - Policy #GA8906923
   - $1,000,000 Combined Single Limit per occurrence and in the aggregate annually as applicable
   - Policy Term: May 21, 1979 to May 21, 1982

2. **Comprehensive Automobile Liability**
   - Zurich Insurance Company - Policy #BA5005641
   - $1,000,000 Combined Single Limit per occurrence (Policy #GA8907026 in Texas)
   - Policy Term: May 21, 1979 to May 21, 1982

3. **Employers Liability**
   - Liberty Mutual
   - $100,000 each accident aggregate as applicable
   - Policy Term: January 1, 1980 to January 1, 1981

4. **Aircraft Liability (Including Non-Ownership)**
   - Associated Aviation Underwriters
   - $20,000,000 Limit

5. **Airport Liability**
   - Associated Aviation Underwriters
   - $2,000,000 Limit

6. **Advertisers Liability**
   - Seaboard Surety - #ALP4596776
   - May 1, 1979 to May 1, 1980
   - $750,000 ($50,000 as respects Punitive Damages)

7. **Foreign General and Automobile Liability**
   - Zurich Insurance Co.
   - General Liability - $1,000,000 Combined Single Limit each occurrence and aggregate where applicable.
   - Automobile Liability - $1,000,000 Combined Single Limit each occurrence
   - Policy Term: May 21, 1979 to May 21, 1980

This policy does not apply to any foreign subsidiaries of IBM. It covers all operations of employees on the U.S. payroll only. There are other foreign policies in effect with various carriers at various limits of liability.