Directors' and Officers' Insurance

Bombardier has in place a Directors’ and Officers’ Liability program for the benefit of the Corporation, its directors and officers to indemnify them against certain liabilities incurred by them in their capacity as directors and officers of the Corporation, subject to all the terms, conditions and exclusions of the policy. The limit of insurance provided is $240,000,000 per occurrence and in the aggregate per year, at a cost of $1,130,800 per annum. The deductible applicable to the Corporation is $2,500,000 for any insured occurrence.