MEMBER OF

**Great American Insurance Group**

**Revision: Amend 3rd Excess Carrier**

May 17, 2018

Derek Aurori  
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 2071135

**Coverage:** Excess Umbrella-Commercial

**Policy Limits:** $25,000,000 ea occ/$25,000,000 Gen Agg/$25,000,000 Prods/CO agg part of $200,000,000 ea occ/$200,000,000 gen agg/$200,000,000 Prods/CO agg excess of $200,000,000 as described 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

**1stExcess**

* Insuring Company: Great American Assurance Company
    * $25,000,000 Each Occurrence
    * $25,000,000 General Aggregate
    * $25,000,000 Prods/Cmpltd Ops Aggregate

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