**Policy Number:** WE0900137

**AON**

**DECLARATIONS**

**Item 1.**
- **a) Named Insured:** International Business Machines Corporation and as more fully set forth in the Lead Underlying Policy.
- **b) Address of Named Insured:** CHQ Global Risk & Insurance Management, IBM Corporation, One North Castle Drive, (Mail Drop 222), Armonk, NY 10504 New York, United States of America

**Item 2.**
- **a) Lead Underlying Policy No:** XOO G2 48 95 94 4
- **b) All other Underlying Policy No(s):**
  - (i) To be determined.
  - (ii) To be determined.
- **c) Lead Underlying Insurer:** ACE Property & Casualty Insurance Company
- **d) All other Underlying Insurer(s):**
  - (i) To be determined.
  - (ii) To be determined.

**Item 3.**
- **Limit of Liability:**
  - (Insuring Agreement 2):
    - a) USD 200,000,000 Each Occurrence.
    - b) USD 200,000,000 Aggregate.

**Item 4.**
- **Underlying Limits:**
  - (Insuring Agreement 2):
    - a) USD 200,000,000 Each Occurrence.
    - b) USD 200,000,000 Aggregate.
Which in turn is excess of various insurances and/or retentions as more fully set forth in the Lead Underlying Policy.

**Item 5.**
- **Policy Period:**
  - From: 21st May 2009 at 12:01 am standard time at the address of the Named Insured.
  - To: 21st May 2010 at 12:01 am standard time at the address of the Named Insured.

**Item 6.**
- **Notice to:**
  - (Conditions 3 and 5)
  - a) All Notices of Occurrence:
    - Via:
      - Aon Limited,
      - North American Liability Claims Department,
      - 8 Devonshire Square,
      - London EC2M 4PL,
      - United Kingdom.
    - E-mail: uscasualtyclaims@aon.co.uk

**Market Submission - Wording**
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