**AON**

**VIA ELECTRONIC MAIL**

**August 4, 2015**

**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, 2015 – May 21, 2016

**Dear Ms. Ireland,**

We are pleased to enclose the Declarations Page, BSF-03 Policy Form and Endorsement Nos. 1 to 6 which attach to and forms part of the above captioned policy.

**Endt. No. 1**
**Eff. May 21/15**
**SCHEDULE OF EXCESS POLICY (IES)**

**Endt. No. 2**
**Eff. May 21/15**
**PREMIUM PAYMENT CONDITION**

**Endt. No. 3**
**Eff. May 21/15**
**VIOLATION OF STATUTES IN CONNECTION WITH SENDING, TRANSMITTING OR COMMUNICATING ANY MATERIAL OR INFORMATION EXCLUSION**

**Endt. No. 4**
**Eff. May 21/15**
**ECONOMIC SANCTIONS ENDORSEMENT**

**Endt. No. 5**
**Eff. May 21/15**
**PERSONAL AND ADVERTISING LIABILITY EXCLUSION - ELECTRONICALLY STORED DATA**

**Endt. No. 6**
**Eff. May 21/15**
**CANCELLATION CONDITION AMENDATORY ENDORSEMENT**

Please refer to the actual endorsement for exact terms and conditions.

**Aon Risk Solutions**
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