# ACE Bermuda Insurance Ltd.

## Declarations

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

**Item 2. Policy Period:**
- From: May 21, 2014 at 12:01 am standard time at the address of the Named Insured.
- To: May 21, 2015 at 12:01 am standard time at the address of the Named Insured.

**Item 3. Retroactive Date:**
- NONE

**Item 4. Followed Policy:**
- **a) Company:** ACE Property & Casualty Insurance Company
- **Policy Number:** XOO G27380037
- **Coverage:** Commercial Umbrella Liability
- **Policy Period:** From: May 21, 2014 To: May 21, 2015
- **Limits of Liability:** USD 50,000,000

- **b) Underlying Policy(ies):** As per Endorsement No. 1 Schedule of Excess Policy(ies) Section I – Schedule of Underlying Policy(ies)

- **c) Quota Share Policy(ies):** As per Endorsement No. 1 Schedule of Excess Policy(ies) Section II – 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 100,000,000 Aggregate**

**POLICY NO.**
- IBM-0003/BSF03
- IBM-0015/BSF02

**NEW BUSINESS/RENEWAL OF:**

**THE BERMUDA SHORTS FORM – 03 (03/14)**

**BSF-03**