# RISK DETAILS - WORDING

## AON SHORT EXCESS FORM (LONDON) 03-14 (OCC) (SURPLUS LINES BASIS)

### 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, United States of America.

**Item 2.** Policy Period:
- From: 21st May 2023 at 12:01 a.m. standard time at the address of the Named Insured.
- To: 21st May 2024 at 12:01 a.m. standard time at the address of the Named Insured.

**Item 3.**
- **a)** Followed Policy:
  - Company: ACE Property and Casualty Insurance Company
  - Policy Number: XEU G27983212 008
  - Coverage: Umbrella Liability
  - Policy Period:
    - From: 21st May 2023 at 12:01 a.m. standard time at the address of the Named Insured.
    - To: 21st May 2024 at 12:01 a.m. standard time at the address of the Named Insured.
  - Limits of Liability: USD 25,000,000 each Occurrence and in the aggregate where applicable.

- **b)** Underlying Policy(ies): As per Schedule of Underlying Policy(ies).

**Item 4.** Limit of Liability: (Insuring Agreement 2):
- a) USD 100,000,000 each Occurrence.
- b) USD 100,000,000 annual aggregate where stated in the Followed Policy.

**Item 5.** Underlying Limits: (Insuring Agreement 2):
- a) USD 125,000,000 each Occurrence.
- b) USD 125,000,000 annual aggregate where applicable.