# ACE USA EXCESS CASUALTY BINDER

**DATE:** 5/1/2015  
**TO:** Nick Moore  
Aon Risk Services  
199 Water Street New York, NY 10038  
**FAX:**  

**NAMED INSURED:** International Business Machines Corporation  
**ADDRESS:** One New Orchard Road, Mail Drop 109, Armonk, New York 10504  
**INCEPTION DATE:** 5/21/2015  
**EXPIRATION DATE:** 5/21/2016  
**ISSUING COMPANY:** ACE Property & Casualty Insurance Company  

**POLICY SYMBOL AND NUMBER:** XOO G 27 63 84 8 A  
**POLICY TYPE AND FORM:** Lead Umbrella - Occurrence XS-20835 (ed. 08/06)  
**Claims-Made Retro Date:** N/A  
**POLICY LIMITS:** $50,000,000 Occ./ $50,000,000 Agg. (where applicable)  
**SELF INSURED RETENTION:** N/A Each Occurrence without Aggregate  
**PREMIUM:** $1,105,000 The premium in this binder includes commission in an amount equal to 0% of such premium.  
**includes TRIA coverage cost:** $52,619  
**State surcharge cost:** $0  
**ADJUSTMENT:** Flat  
**COMMISSION:** 0%  

Canadian Premium allocation: (in addition to above premium) $5,000.00 The premium in this quote includes commission in an amount equal to 0% of such premium. This premium is subject to local fees and charges and insured payable taxes. The fees, charges and taxes are in addition to the Canadian premium shown.  
Canadian Policy Limit: $1,000,000 Occ./ $1,000,000 Aggregate  

## SCHEDULE OF UNDERLYING POLICIES:

| POLICY TYPE | LIMITS | CARRIER |
|-------------|--------|---------|
| General Liability | $15,000,000 Occ $20,000,000 Products Agg. $20,000,000 General Agg. | retained limit |
| Auto Liability | $5,000,000 CSL | retained limit |
| Employers Liability | $10,000,000 / $10,000,000 / $10,000,000 | retained limit |
| EBL | $10,000,000 Occ $10,000,000 Agg | retained limit |
| Foreign DIC GL | $15,000,000 Occ $20,000,000 Agg | retained limit |
| Foreign DIC AL | $5,000,000 CSL | retained limit |
| Foreign DIC EL | $10,000,000 | retained limit |

UNLESS OTHERWISE SPECIFIED ABOVE, DEFENSE COSTS ARE IN ADDITION TO THE RETAINED LIMIT AND DO NOT ERODE POLICY LIMIT

NOTE: All scheduled underlying policies must carry a Best rating of A-VI or higher.

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