# 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: 21<sup>st</sup> May 2020 at 12:01 a.m. standard time at the address of the Named Insured.
To: 21<sup>st</sup> June 2021 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: Quote date issued 23<sup>rd</sup> April 2020
Coverage: Umbrella Liability
Policy Period:
From: 21<sup>st</sup> May 2020 at 12:01 a.m. standard time at the address of the Named Insured.
To: 21<sup>st</sup> May 2021 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.