**Berkshire Hathaway Specialty Insurance**

5/28/2014

**J im Maloney**
Aon Risk Services Northeast, Inc.
199 Water Street, 33rd Floor
New York, NY 10038

**Re: International Business Machines Corporation**
43-XSF-100238-01
5/21/2014 to 5/21/2015

Dear Jim:

Attached please find the policy for International Business Machines Corporation. Thank you for placing your business with Berkshire Hathaway Specialty Insurance. We value our relationship with Aon Risk Services Northeast, Inc. and look forward to working with you on future accounts.

If you have any questions or concerns, please do not hesitate to contact me.

Sincerely,

**Justin Tuohy**
917-960-2402
justin.tuohy@bhspecialty.com

17 State Street, 22nd Floor • New York, NY 10004 • www.bhspecialty.com