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 17, 2018

Derek Aurora
Aon Risk Services Northeast Inc
199 Water Street, 33rd Floor
New York, NY 10038

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 Assurance Co. (ACIS)

**Policy Period:** 05/21/18 to 05/21/19 12:01am Standard Time at the address stated above

**Policy Number:** EXC 2071134

**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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