**AON**

**VIA ELECTRONIC MAIL**

**July 8, 2014**

**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
American International Reinsurance Company, Ltd.
Policy No.: 60703940
Policy Period: May 21, 2014 – May 21, 2015

Dear Ms. Ireland,

We are pleased to enclose the Declarations Page, BSF-03 Policy Form and Endorsement Nos. 1 to 5 which attach to and forms part of the above captioned policy.

Endt. No. 1 **SCHEDULE OF EXCESS POLICY (IES)**
Eff. May 21/14

Endt. No. 2 **PREMIUM PAYMENT CONDITION**
Eff. May 21/14

Endt. No. 3 **VIOLATION OF STATUTES IN CONNECTION WITH SENDING, TRANSMITTING OR COMMUNICATING ANY MATERIAL OR INFORMATION EXCLUSION**
Eff. May 21/14

Endt. No. 4 **COVERAGE TERRITORY ENDORSEMENT**
Eff. May 21/14

Endt. No. 5 **PERSONAL AND ADVERTISING INJURY ENDORSEMENT LIMITATION – (CYBER)**
Eff. May 21/14

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