MEMBER OF

**Great American Insurance Group**

Great American Professional Risk Insurance Services, Inc.
Part of Great American Insurance Group
11325 N. Community House Road
Suite 200
Charlotte, NC 28277
(704) 364-5161

May 15, 2019

Tim Neumeyer
Aon Risk Services Northeast Inc
One Liberty Plaza 165 Broadway Ste. 3201
New York, NY 10006

RE: International Business Machines Corporation
One New Orchard Road, Mail Drop 109
Armonk, NY 10504

We are pleased to provide a binder of coverage for the above captioned risk as follows:

**Insurance Carrier:** Great American Spirit Ins. Company

**Policy Period:** 05/21/19 to 05/21/20 12:01 am Standard Time at the address stated above

**Policy Number:** EXC 2969361

**Coverage:** Excess Umbrella-Commercial

**Policy Limits:** $25,000,000 each occurrence/aggregate excess of $50,000,000 shown below

**Underlying Insurance:**

* **Umbrella Liability-shared limit**
    * Insuring Company: ACE Property & Casualty Ins. Co.
    * $50,000,000 Each Occurrence
    * $50,000,000 General Aggregate
    * $50,000,000 Prods/Cmpltd Ops Aggregate

* **Canadian Umbrella - shared limit**
    * Insuring Company: ACE INA Insurance
    * $1,000,000 Each Occurrence
    * $1,000,000 General Aggregate
    * $1,000,000 Prods/Cmpltd Ops Aggregate

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