# Commercial Excess Liability Binder

**May 20, 2019**
Sent via E-Mail

**To:** Timothy Neumeyer  
**From:** Chris Dacchille  
**Subject:** Renewal Binder

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Dear Timothy,

We are pleased to provide the following renewal binder:

- **Named Insured:** International Business Machines Corporation  
  One New Orchard Road  
  Mail Drop 109  
  Armonk, NY 10504  

- **Insurer:** Endurance American Insurance Company  
  Admitted - A.M. Best Rating: A+XV  

- **Policy Number:** XSC30000337802  

- **Policy Form:** Excess  
  Form Number: EXL 0203 0813  

- **Policy Period:** From: May 21, 2019 To: May 21, 2020 (12:01 AM Standard Time on both dates at the address of the Named Insured noted above.)

- **Limits of Insurance:**

| Each Occurrence Limit | Aggregate Limit (where applicable) | Part of Limit |
|-----------------------|------------------------------------|---------------|
| $25,000,000           | $25,000,000                        | $200,000,000  |

- **Schedule of Quota Share Limits of Insurance:**

| Coverage/Carrier       | Policy Period                          | Limits/Attachments                                                                 | Premium |
|------------------------|----------------------------------------|------------------------------------------------------------------------------------|---------|
| Excess / The Ohio Casualty Insurance Company | May 21, 2019 to May 21, 2020 | $25,000,000 Each Occurrence and Aggregate Part of $200,000,000 Each Occurrence and Aggregate in excess of $200,000,000 Defense Outside Limits | $66,360 Annual |
| Excess / Great American Spirit Insurance Company | May 21, 2019 to May 21, 2020 | $25,000,000 Each Occurrence and Aggregate Part of $200,000,000 Each Occurrence and Aggregate in excess of $200,000,000 Defense Outside Limits | $61,385 Annual |

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**NOTICE:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK INSURANCE LAW AND REGULATIONS. HOWEVER, THE FORMS AND RATES MUST MEET THE STANDARDS OF THE NEW YORK INSURANCE LAW AND REGULATIONS.

**Endurance American Insurance Company**  
**Page 1**  
**Binder**  
**2-13000**