# Iron-Starr Excess Agency Ltd.

## Declarations - Attaching to and Forming Part of Policy No: IS0000881

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

### Item 2.
- **Policy Period:** From: May 21, 2012 at 12:01 am standard time at the address of the Named Insured. To: May 21, 2013 at 12:01 am standard time at the address of the Named Insured.

### Item 3.
- **Retroactive Date:** Not Applicable

### Item 4.
- **a) Followed Policy:**
  - **Company:** ACE Property and Casualty Insurance Company
  - **Policy Number:** XOO G25915951
  - **Coverage:** Commercial Umbrella Liability
  - **Policy Period:** From: May 21, 2012 To: May 21, 2013
  - **Limits of Liability:** USD 50,000,000 Each Occurrence, USD 50,000,000 General Aggregate, USD 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.
- **Limits of Liability:**
  - **a) (Insuring Agreement 2):** USD 25,000,000 Each Occurrence, Claim or Loss, Part of USD 50,000,000
  - **b) Annual Aggregate:** USD 25,000,000 Part of USD 50,000,000

## Date of Issuance: June 14, 2012
ISEABSF Declarations [01/12]