**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)**

5. **Excess Liability**
   - **Insurer:** Aspen Bermuda Limited
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 25,000,000 Each Occurrence**
   - **USD 25,000,000 General Aggregate (excess of item 1, 2, 3 & 4 above)**

5. **Excess Liability**
   - **Insurer:** XL Catlin
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 75,000,000 Each Occurrence**
   - **USD 75,000,000 General Aggregate (excess of item 1, 2, 3 & 4 above)**

6. **Excess Liability**
   - **Insurer:** Aspen Bermuda Limited
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 25,000,000 Each Occurrence**
   - **USD 25,000,000 General Aggregate (excess of item 1, 2, 3, 4 & 5 above)**

6. **Excess Liability**
   - **Insurer:** Allied World Assurance Company, AG
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 25,000,000 Each Occurrence**
   - **USD 25,000,000 General Aggregate (excess of item 1, 2, 3, 4 & 5 above)**

7. **Excess Liability**
   - **Insurer:** Iron-Starr Excess Agency Ltd.
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 50,000,000 Each Occurrence**
   - **USD 50,000,000 General Aggregate (excess of item 1, 2, 3, 4, 5 & 6 above)**

8. **Excess Liability**
   - **Insurer:** Arch Insurance (Bermuda)
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 50,000,000 Each Occurrence**
   - **USD 50,000,000 General Aggregate (excess of item 1, 2, 3, 4, 5, 6 & 7 above)**

9. **Excess Liability**
   - **Insurer:** ACE Bermuda Insurance Ltd.
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 50,000,000 Each Occurrence**
   - **USD 50,000,000 General Aggregate (excess of item 1, 2, 3, 4, 5, 6, 7 & 8 above)**

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

1. **Excess Liability**
   - **Insurer:** Berkley Custom Insurance Services, LLC
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 25,000,000 Each Occurrence**
   - **USD 25,000,000 General Aggregate (excess of item 1, 2, 3, 4, 5, 6, 7, 8 & 9 above)**

2. **Punitive Damages**
   - **Insurer:** Queen’s Island Insurance Company
   - **Policy Period:** 05/21/2016 – 05/21/2017
   - **USD 25,000,000 Each Occurrence**
   - **USD 25,000,000 General Aggregate (excess of item 1, 2, 3, 4, 5, 6, 7, 8 & 9 above)**

Ref: ARGO-BSF-03-001.01
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