**AON**

**VIA ELECTRONIC MAIL**

**July 16, 2013**

**Ms. Kathleen Ireland**
Risk Manager, IBM CHQ
Global Risk & Insurance Management
International Business Machines Corporation
One New Orchard Road
Armonk, New York 10504
USA

**Re:** International Business Machines Corporation
Arch Insurance (Bermuda)
Policy No.: UFP0055008-00
Policy Period: May 21, 2013 – May 21, 2014

Dear Ms. Ireland,

We are pleased to enclose the Declarations page, Policy form and Endorsement nos. 1 to 7 which attaches to and forms part of the above captioned policy.

Endt. No. 1
SCHEDULE OF UNDERLYING POLICY(IES)

Endt. No. 2
EFF. MAY 21/13
ARBITRATION ENDORSEMENT

Endt. No. 3
EFF. MAY 21/13
CHOICE OF LAW ENDORSEMENT - II

Endt. No. 4
EFF. MAY 21/13
PREMIUM PAYMENT CONDITION

Endt. No. 5
EFF. MAY 21/13
SEVERAL LIABILITY NOTICE

Endt. No. 6
EFF. MAY 21/13
MANUSCRIPT ENDORSEMENT – AMENDMENT OF CONDITION 3 – CANCELLATION

Endt. No. 7
EFF. MAY 21/13
DEFENSE, ASSISTANCE AND COOPERATION ENDORSEMENT

Aon Risk Solutions
Aon House | 30 Woodbourne Avenue | Pembroke HM08 | Bermuda
P.O. Box HM 2020 | Hamilton HM HX | Bermuda
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Aon (Bermuda) Ltd.