# Continental Casualty Company

## Insurance Binder

**No. RD.U9433466**

1. Insured: INTERNATIONAL BUSINESS MACHINES CORP.
   - Address: ARMONK, NEW YORK
2. Location of Coverage: As above
3. Effective Date: From November 1, 1964 To November 1, 1967
4. Limits of Liability:
   - $2,000,000 Single Limit any one occurrence combined Personal Injury and/or Property Damage and/or Advertising Liability in excess of underlying insurance or $25,000 ultimate net loss in respect of each occurrence not covered by said underlying insurance.
   - $2,000,000 in the aggregate for each annual period in accordance with Insuring Agreement 2 (c).
5. Premium and Rate: $25,000.00 Flat Charge
6. Special Conditions: Subject to terms and conditions of Umbrella Form PL-40103-A.

This Binder shall remain in effect until replaced by an Insurance Policy or for 90 days from inception whichever is sooner and which shall contain the usual terms and conditions contained in similar Policies issued by the Company to which terms and conditions the insurance afforded hereunder is subject. However, this Insurance may be cancelled at any time at the written request of the Insured or may be cancelled at any time by the Company provided ten days' notice in writing be given.

IN WITNESS WHEREOF, the Continental Casualty Company has caused this Binder to be signed by its President and Secretary at Chicago, Illinois and countersigned by a duly authorized agent of the Company.

**Secretary:** [Signature]
**President:** [Signature]

Countersigned at New York City on Dec. 11, 1964.
Date of Issue Dec. 11, 1964.