# INTERNATIONAL BUSINESS MACHINES CORPORATION

**Policy No.: BM00023605LI08A**

## SCHEDULE OF UNDERLYING POLICIES

### Allied World Assurance Company
- **Policy Number:** C007539/002
- **Policy Form:** ACFF-300 (Ed. 03/07)
- **Coverage:** Excess Liability
- **Policy Period:** May 21, 2008 - May 21, 2009
- **Limits of Liability:**
  - $25,000,000 p/o $200,000,000 Per Occurrence
  - $25,000,000 p/o $200,000,000 General Aggregate
  - $25,000,000 p/p $200,000,000 Products/Completed Operations Aggregate

### Endurance Specialty Insurance Ltd.
- **Policy Number:** P00466 006
- **Policy Form:** ESIL FF-04 Ed. 06/07
- **Coverage:** Excess Liability
- **Policy Period:** May 21, 2008 - May 21, 2009
- **Limits of Liability:**
  - $25,000,000 p/o $200,000,000 Per Occurrence
  - $25,000,000 p/o $200,000,000 General Aggregate
  - $25,000,000 p/p $200,000,000 Products/Completed Operations Aggregate

### Great American Insurance Co. of New York
- **Policy Number:** EXC 2194831
- **Coverage:** Excess Commercial
- **Policy Period:** May 21, 2008 - May 21, 2009
- **Limits of Liability:**
  - $25,000,000 p/o $200,000,000 Each Occurrence
  - $25,000,000 p/o $200,000,000 General Aggregate
  - $25,000,000 p/p $200,000,000 Products/Completed Operations Aggregate

### Fireman's Fund Insurance Company
- **Policy Number:** SHX 00081055105
- **Policy Form:** SHX (5303-10-02)
- **Coverage:** Excess Liability
- **Policy Period:** May 21, 2008 - May 21, 2009
- **Limits of Liability:**
  - $25,000,000 p/o $200,000,000 Each Occurrence
  - $25,000,000 p/o $200,000,000 General Aggregate
  - $25,000,000 p/p $200,000,000 Products/Completed Operations Aggregate

**FORM XL XS-OCC (11/03)**