# Berkley National Insurance Company
(A Stock Company)
215 Shuman Boulevard, Suite 200
Naperville, IL 60563
(herein called the company)

**Policy Number:** CEX09600213-06
**Renewal/Rewrite of:** CEX09600213-05

## COMMERCIAL EXCESS LIABILITY POLICY DECLARATIONS - NEW YORK

### 1. NAMED INSURED AND ADDRESS:
- **INTERNATIONAL BUSINESS MACHINES CORPORATION**
  - (Per Underlying Insurance)
  - ONE NEW ORCHARD RD MAILDROP 109
  - ARMONK, NY 10504

### 2. POLICY TERM:
- From: 05-21-2019
- To: 05-21-2020
  (12:01 a.m. Standard Time at on both dates, at the address of the Named Insured noted above.)

In consideration of the payment of premium, in reliance upon the statements herein or attached hereto, and subject to all of the terms of this policy, the company agrees with the Named Insured as follows:

### 3. PREMIUM:
- Deposit Premium: $44,495.00
- Minimum Annual Premium: $44,495.00
- Total: $44,495.00

### 4. LIMITS OF INSURANCE:
- Each Occurrence: $25,000,000
- Aggregate Limit (Where Applicable): $25,000,000
- Part of: $50,000,000
- Each Occurrence: $50,000,000
- Aggregate Limit (Where Applicable): $50,000,000

These Limits of Insurance apply in excess of the "controlling underlying limits of insurance" indicated in Item 5. of the Declarations.

### 5. UNDERLYING INSURANCE:
See schedule of underlying policies

### 6. FORMS AND ENDORSEMENTS applicable to all Coverage Forms and made part of this policy at time of issue are listed on the attached Forms and Endorsements Schedule.

**5/20/2019**
**LOS ANGELES OFFICE**
**LOS ANGELES, CA**

**ISSUED DATE** **ISSUING OFFICE** **AUTHORIZED REPRESENTATIVE**

Berkley National Insurance Company
CEX 0001-NY 1014