THE BERMUDA SHORTS FORM – 03 (03/14)

RISK DETAILS / 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: One New Orchard Road Mail Drop 109 Armonk, New York 10504

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

To: May 21, 2019 at 12:01 a.m. standard time at the address of the Named Insured.

Item 3. Retroactive Date: N/A

Item 4.
a) Followed Policy:
Company: ACE Property and Casualty Insurance Company
Policy Number: G27983212.003
Coverage: Lead Umbrella - Occurrence
Binder Dated: May 17, 2018
Policy Period:
From: May 21, 2018
To: May 21, 2019
Limits of Liability: USD 50,000,000

b) Underlying Policy(ies): As per Endorsement Number One – Schedule of Underlying Policy(ies).

c) Quota Share Policy(ies): As per Endorsement Number One – Schedule of Quota Share Policy(ies).

Item 5. Limit of Liability: (Insuring Agreement 2):
a) USD 50,000,000 each Occurrence, Claim or Loss
b) USD 50,000,000 Aggregate

Item 6. Underlying Limits: (Insuring Agreement 2):
a) USD 400,000,000 each Occurrence, Claim or Loss