# Endurance Specialty Insurance Ltd.

**The Wellesley House, 90 Pitts Bay Road, Pembroke HM08, Bermuda**

**Telephone:** 441-278-0400 **Facsimile:** 441-296-1474

**For Claim Matters Only:** Facsimile: 441-296-5151 or eclaims@endurance.bm

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**POLICY NO.:** EXC10000024500  
**NEW BUSINESS**

**THE BERMUDA SHORTS FORM**

## DECLARATIONS

### Item 1.
a) **Named Insured:** International Business Machines Corporation  
b) **Address of Named Insured:** CHQ Global Risk & Insurance Management One North Castle Drive Mail Drop 222 Armonk, NY 10504, USA

### Item 2. **Policy Period:**
From: May 21, 2009 at 12:01 am standard time at the address of the Named Insured  
To: May 21, 2010 at 12:01 am standard time at the address of the Named Insured

### Item 3. **Retroactive Date:** None

### Item 4. a) **Followed Policy:**
Company: ACE Property and Casualty Insurance Company  
Policy Number: XOO G24895944  
Coverage: Umbrella Liability  
Policy Period: From: May 21, 2009 To: May 21, 2010  
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:**
(Insuring Agreement 2):
a) US$ 25,000,000 each Occurrence, Claim or Loss Aggregate
b) US$ 25,000,000 Aggregate

### Item 6. **Underlying Limits:**
(Insuring Agreement 2):
a) US$ 75,000,000 each Occurrence, Claim or Loss Aggregate
b) US$ 75,000,000 Aggregate

Which in turn is excess of various insurances and/or retentions as more fully set forth in the Followed Policy

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**Page 1 of 6**

**Date of Issuance:** June 19, 2009  
**BSF-01 (Ed 02/09)**

**PARENTS CHECKED**

**OK**