**ACE USA New York Branch**
Excess Casualty Dept.
1133 Avenue of the Americas
41st Floor
New York, NY 10036

Phone #: 212-703-7063
Fax #: 212-703-7098
kecia.wilson@ace-ina.com

**May 21, 2009**

**Nick Moore**
Aon Risk Services
199 Water Street
New York, NY 10038

**Re:** International Business Machines Corporation
**Effective Date:** 05/21/2009 - 05/21/2010

Dear Mr. Moore:

I am pleased to provide you with the following policy for:

| **Type of Policy** | **Carrier** | **Symbol and Number** |
|-------------------|-------------|-----------------------|
| Lead Umbrella - Occurrence | ACE Property and Casualty Insurance Company | XOO G24895944 |

Ace Excess Casualty appreciates the opportunity to write this renewal business. We are committed to giving the best service possible to our clients. Please contact Owen Charles at (212) 703-7180 or myself if you have any questions regarding this policy.

As a reminder, per the terms of our binder please forward a copy of the following:
- Underlying Policies
- Signed Uninsured/Underinsured Motorist Forms
- Signed TRIA Selection/Rejection Form

Sincerely,

Kecia Wilson  
Underwriting Assistant