# Premium Payment Condition

All other terms and conditions of this Policy remain unchanged.

**Arch Reinsurance Ltd.**

**By:**
- **Title:** Senior Vice President, Underwriting Manager, Excess Casualty
- **Date:** July 18, 2013
- **Ref:** BSF-4003 Ed. 09/08

**Insured:** International Business Machines Corporation
**Policy No.:** UFP0044276-02
**Endorsement No.:** 4
**Effective Date:** May 21, 2013

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Arch Reinsurance Ltd.