**Insured:** International Business Machines Corporation

**Policy No.:** UFP0044276-01

**Endorsement No.:** 1

**Effective Date:** May 21, 2012

## SCHEDULE OF UNDERLYING POLICY(IES)

* **Federal Insurance Company**
    * (25m)
    * Policy Period: May 21, 2012 to May 21, 2013

* **Liberty Insurance Underwriters Inc.**
    * (50m)
    * Policy Period: May 21, 2012 to May 21, 2013
    * (excess of items 1, 2, & 3, above)

## Section II – Schedule of Quota-Share Policy(ies):

5. **Excess Liability**
    * Canopius Underwriting Bermuda Limited
        * (25m)
        * US$200,000,000 Per Occurrence
        * US$200,000,000 Annual Aggregate
        * Policy Period: May 21, 2012 to May 21, 2013

    * XL Insurance (Bermuda) Ltd
        * (75m)
        * Policy Period: May 21, 2012 to May 21, 2013

    * Great American Insurance Co. of NY
        * (25m)
        * Policy Period: May 21, 2012 to May 21, 2013

    * Argo Re
        * (25m)
        * Policy Period: May 21, 2012 to May 21, 2013

    * Fireman's Fund Insurance Company
        * (25m)
        * Policy Period: May 21, 2012 to May 21, 2013
        * (excess of items 1, 2, 3, & 4, above)

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**Arch Reinsurance Ltd.**