# Chubb Global Casualty

## H) Program - Payment Terms

| Item | Payee | Payment Plan | Total Estimated Cost ($) | Deferral ($) | Total Pay-In ($) |
|------|-------|--------------|--------------------------|--------------|-------------------|
| Estimated Deductible Losses | ACE American Insurance Company | Semi-annual Reimbursement | 1,651,422 |  |  |
| Estimated Liability Premium | ACE American Insurance Company | Due at Inception | 96,753 |  | 96,753 |
| Estimated Liability Premium | Chubb Insurance Company of Canada | Due at Inception | 3,000 | *3,000 |  |
| Estimated Auto Liability Premium | ACE American Insurance Company | Due at Inception | 92,222 |  | 92,222 |
| Non-Premium Surcharges & Assessments | ACE American Insurance Company | Due at Inception | 6,800 |  | 6,800 |
| **TOTALS** |  |  | **1,850,197** |  | **198,775** |

*Canadian Premium Payment must be made to Chubb Insurance Company of Canada directly*

## Deferrals

### Other Deferred Items

Other items shown as deferred in the schedule below are deferred until we calculate a premium adjustment. At adjustment we calculate revised premiums and surcharges; compare those revised premiums and surcharges to what has been paid; and bill the difference. Items shown as deferred may have a different value associated with them after the premium adjustment calculation.

| ACE American Insurance Company Installment Schedule |
|--------------------------------------------------|
| **Due Date** | **HDOG7109490A** | **ISAH25157564** | **Payment Amount ($)** |
| 05/21/2018 | 96,774 | 99,001 | 195,775 |
| **Total Cash Pay-In to Chubb** | 96,774 | 99,001 | 195,775 |

International Business Machines Corporation  
05/17/2018  
Notice of Election Page 8 of 36