# Arch Reinsurance Ltd.

**Victoria Hall, 4th Floor**
**11 Victoria Street**
**Hamilton HM 11**
**Bermuda**

**Telephone:** 441-278-9200
**Fax:** 441-278-9230

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## THE BERMUDA SHORTS FORM

**POLICY NO.:** UFP0044276-02
**RENEWAL OF:** UFP0044276-01

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### DECLARATIONS

**Item 1.**
- **a) Named Insured:** International Business Machines Corporation
- **b) Address of Named Insured:** One New Orchard Road (MD 109), Armonk, NY 10504, USA

**Item 2.** **Policy Period:**
- From: May 21, 2013 at 12:01 am standard time at the address of the Named Insured.
- To: May 21, 2014 at 12:01 am standard time at the address of the Named Insured.

**Item 3.** **Retroactive Date:** As per the Followed Policy, if any

**Item 4.**
- **a) Followed Policy:**
  - **Company:** Ace Property and Casualty Insurance Company
  - **Policy Number:** XOO G27051169
  - **Coverage:** Lead Umbrella
  - **Policy Period:** From: May 21, 2013 To: May 21, 2014
  - **Limits of Liability:** US$50,000,000 Each Occurrence, US$50,000,000 General Aggregate, US$50,000,000 Products Completed-Operations Aggregate
- **b) Underlying Policy(ies):** As per Endorsement No. 1 Section I - Schedule of Underlying Policy(ies)
- **c) Quota-Share Policy (ies):** As per Endorsement No. 1 Section II – Schedule of Quota-Share Policy(ies)

**Item 5.** **Limit of Liability:**
- **a) US$25,000,000** each Occurrence, Claim or Loss Part of US$200,000,000
- **b) US$25,000,000** Aggregate

**Item 6.** **Underlying Limits:**
- **(Insuring Agreement 2):**
  - **a) US$200,000,000** each Occurrence, Claim or Loss
  - **b) US$200,000,000** Aggregate

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