# Columbia Casualty Company

## INSURANCE FROM CNA

**Offices: Chicago, Illinois**

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**BINDER**

The Company hereby acknowledges itself bound by an insurance undertaking, the subject matter of the insurance being as described below.

**IBM AND ALL SUBSIDIARY COMPANIES NOW EXISTING OR HEREAFTER CONSTITUTED, INSURED:** INCLUDING ALL ENTITIES, PARTIES, AFFILIATES AND OTHER INTERESTS INCLUDED IN THE UNDERLYING POLICIES.

**MAILING ADDRESS:** OLD ORCHARD ROAD, ARMONK, NEW YORK 10504

**DESCRIPTION OF INSURANCE PROVIDED:**

$2,500,000 P/O $100,000,000 EACH OCCURRENCE AND IN THE AGGREGATE ANNUALLY, ALL COVERAGE COMBINED. EXCESS LOSSES COVERED UNDER THE UNDERLYING INSURANCE POLICIES. WRAP AROUND INSURANCE INCLUDING THIRD PARTY LIABILITY, FOREIGN DIC, DOMESTIC DIC, FOREIGN CONTINGENT BUSINESS INTERRUPTION AND DOMESTIC CONTINGENT BUSINESS INTERRUPTION. DEDUCTIBLE - VARIOUS PER UNDERLYING POLICY.

**CANCELLATION:** 90-DAYS ALLOWED BY THE COMPANY EXCEPT FOR NON-PAYMENT WHICH IS 10 DAYS.

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This is a premium bearing binder.

We have posted a minimum Annual and deposit premium of $23,837 to your account for coverage to be afforded under Policy No. FSC 513 6962.

This premium is due and payable within 60 days of the effective date indicated below.

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This binder may be canceled at any time by the insured or his agent or the broker who placed the risk, by the surrender of this Binder or by written notice to the Company stating when thereafter such cancellation shall be effective. In the event of cancellation by the insured, a premium charge shall be made for the period during which coverage was in effect, based on the Company's customary short-rate procedures. This Binder may be canceled by the Company by written notice to the insured or to his agent or broker who placed the risk stating when, not before five days after the date of mailing, such cancellation shall be effective. In the event of cancellation by the Company, a pro rata premium charge shall be made for the period during which coverage was in effect.

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This Binder when countersigned by an authorized representative of the Company becomes effective at 12:01 A.M. Standard Time, at insured's address (Month, Day and Year) 1-1-80 and, unless sooner canceled or voided by policy issuance, expires at 12:01 A.M. on the 60th day following said effective date.

**Date of Issue:** 12-19-79 TF

**Authorized Representative:** [Signature]

**Product No.:** [Blank]

**Binder No.:** [Blank]

**037982**