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.

H. Marine Products
London Market
$5,000,000 each occurrence/$5,000,000 aggregate excess of $50,000 self-insured retention

I. Foreign General and Automobile Liability
Aetna Insurance Company
(Covers IBM World Trade Corp. Etal)
General Liability - $250,000 Combined Single Limit each occurrence and aggregate as applicable
Automobile Liability - $250,000 Combined Single Limit each occurrence

J. Advertisers Liability
(Covers IBM World Trade Corp. Etal)
Seaboard Surety
$500,000 limit ($50,000 as respects punitive damages)

K. General Liability
Commercial Union Assurance Company of Canada
(Covers IBM World Trade Corp. - Canada)
$1,000,000 Combined Single Limit each occurrence/aggregate as applicable

L. Automobile Liability
Commercial Union Assurance Company of Canada
(Covers IBM World Trade Corp. - Canada)
$1,000,000 Combined Single Limit each occurrence

M. Foreign Employers Liability
Great American Insurance Company
$100,000 each accident/aggregate as applicable

2. Domestic Difference in Conditions/"All Risk"
$75 million per occurrence and in the aggregate as respects the perils of earthquake, flood and volcanic eruption, covering property damage and time element.
Term: Continuous policy.
Inception Date: January 12, 1981

The company located these documents in its business records. At this time, the company does not certify that these documents constitute a complete and accurate copy of the policy.