**Risk Details - Wording**

**AON SHORT EXCESS FORM (LONDON) 03-14 (OCC) (SELF PROCURED BASIS)**

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**DECLARATIONS**

**Item 1.**
a) **Named Insured:** International Business Machines Corporation and as more fully set forth in the Followed Policy.
b) **Address of Named Insured:** IBM Corporation, One New Orchard Road, (Mail Drop 109), Armonk, New York 10504, United States of America.

**Item 2.** **Policy Period:**
From: 21st May 2018 at 12:01 a.m. standard time at the address of the Named Insured.
To: 21st May 2019 at 12:01 a.m. standard time at the address of the Named Insured.

**Item 3.**
a) **Followed Policy:**
Company: ACE Property & Casualty Insurance Company
Policy Number: Quote Date Issued 18th April 2018
Coverage: Lead Umbrella – Occurrence
Policy Period:
From: 21st May 2018 at 12:01 a.m. standard time at the address of the Named Insured.
To: 21st May 2019 at 12:01 a.m. standard time at the address of the Named Insured.
Limits of Liability: USD 50,000,000
b) **Underlying Policy(ies):** As per Schedule of Underlying Policy(ies).

**Item 4.** **Limit of Liability: (Insuring Agreement 2):**
a) USD 200,000,000 each Occurrence.
b) USD 200,000,000 annual aggregate where stated in the Followed Policy.

**Item 5.** **Underlying Limits: (Insuring Agreement 2):**
a) USD 200,000,000 each Occurrence.
b) USD 200,000,000 annual aggregate where applicable.

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**Risk Details - Wording**
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