# Excess Casualty Division
A Division of Navigators Management Company, Inc.
Sean Bergin
One Penn Plaza, 50th Floor
New York, NY 10119

**Date:** 5/21/2021
**Email:** Timothy.Neumeyer@aon.com

**To:** Timothy Neumeyer
**From:** AON RISK SERVICES NORTHEAST INC
**Address:** 165 BROADWAY SUITE 3201, NEW YORK, NY 10006

**Re:** International Business Machines Corporation
**Address:** 1 New Orchard Road, Mail Drop 1, Armonk, NY 10504

**Policy Number:** NY21AXSZ056H1IV

**Dear Timothy:**

Thank you for the order!

Please consider this a confirmation that Navigators Excess is bound for International Business Machines Corporation according to the following terms:

**Binder**

| **Company:** | **Navigators Insurance Company - Admitted** |
|--------------|--------------------------------------------|
| **Coverage:** | **True Excess Liability Policy**           |
| **Policy Period:** | **5/21/2021 to 5/21/2022**                 |

| **Limits:** | **$25,000,000 Each Occurrence or Event** |
|-------------|------------------------------------------|
|            | **$25,000,000 Aggregate (where applicable)** |
|            | **$25,000,000 Products-Completed Operations Aggregate** |

| **Premium:** | **$183,192** |
|--------------|--------------|
| **Terrorism Premium:** | **$1,814 (included above)** |
| **Minimum Earned:** | **25%** |
| **Commission:** | **0.00%** |