# ACE Bermuda Insurance Ltd.

## Excess Liability Indemnity Policy

**Form:** OCC01  
**Policy No:** IBM-1521/OCC01  
**Named Insured:** International Business Machines Corporation  
**Insurer:** ACE Bermuda Insurance Ltd.  
**Producer:** Aon (Bermuda) Limited  
**Address of Named Insured:** One New Orchard Road, Mail Drop 109, Armonk, New York 10504, USA  

**Type of Coverage:** Following Form Excess Liability Insurance Policy Occurrence Form in the amount as stated in Item 2 of the Declarations.  

**Term:** May 21, 2012 to May 21, 2013 (As of 12:01 A.M. at the address shown on Item 1(b) of the Declarations).  

| Gross Premium: | USD | 95,000.00 |
|----------------|------|------------|
| Net Premium:   | USD | 95,000.00 |
| Commission:    | USD | 0.00       |

In witness whereof, this policy has been made, entered into and executed by the undersigned in Hamilton, Bermuda this 9th day of May 2012

By: Mr. Andrew Watson  
Title: Underwriter