# Zurich-American Insurance Group

## INFORMATION PAGES - DEDUCTIBLE AGREEMENT
SELF-INSURER: IBM CORPORATION

### 12. FIXED FEE FOR THIS POLICY PERIOD
$1,026,960 for this policy period, payable in an Initial Deposit of $85,580 and eleven (11) equal monthly installments of $85,580, the first (1st) due on or before the inception date of this policy period, the remaining due on or before the 21st day of each succeeding month.

### 13. VARIABLE FEES FOR THIS POLICY PERIOD
Factor .06, adjustable and payable at the time of each Paid Loss Billing, and due within ten (10) days of receipt of the Company’s demand therefore.

Computed as follows:

#### a. Comprehensive General Liability
1.) Incurred Losses within the Deductible Amounts minus Reserves for outstanding losses within the Deductible Amounts, plus
2.) Unlimited Allocated Claim Expense minus Reserves for outstanding Allocated Claim Expense, plus

#### b. Business Auto Liability
1.) Incurred Losses within the Deductible Amounts minus Reserves for outstanding losses within the Deductible Amounts, plus
2.) Unlimited Allocated Claim Expense minus Reserves for outstanding Allocated Claim Expense,

c. The result of steps a. and b., times
d. Variable Fee Factor, minus
e. Any Variable Fee Factor billing payments previously received by the Company.

### 14. EXCESS LOSS PREMIUM - COVERAGE EXCESS OF AGGREGATE DEDUCTIBLE AMOUNT - FOR THIS POLICY PERIOD
$28,836 for this policy period, payable in an initial deposit of $2,403 and eleven (11) equal monthly installments of $2,403, the first (1st) due on or before the inception date of this policy period, the remaining due on or before the 21st day of each succeeding month.