# Endurance Specialty Insurance Ltd.

**The Wellesley House, 90 Pitts Bay Road, Pembroke HM08, Bermuda**

**Telephone:** 441-278-0400 **Facsimile:** 441-296-1474

**For Claim Matters Only:** Facsimile: 441-296-5151 or excesscasualtyclaims@endurance.bm

**POLICY NO.:** P000466 008  
**RENEWAL OF:** P000466 007

## THE BERMUDA SHORTS FORM – 02

### DECLARATIONS

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

#### Item 2. **Policy Period:**
From: May 21, 2010 at 12:01 am standard time at the address of the Named Insured.  
To: May 21, 2011 at 12:01 am standard time at the address of the Named Insured.  

#### Item 3. **Retroactive Date:** None  

#### Item 4. a) **Followed Policy:**
Company: ACE Property and Casualty Insurance Company  
Policy Number: XOO G24907338  
Coverage: Commercial Umbrella Liability Policy  
Policy Period: From: May 21, 2010 To: May 21, 2011  
Limits of Liability: US$ 50,000,000 Each Occurrence  
US$ 50,000,000 General Aggregate  
US$ 50,000,000 Products Completed Operations Aggregate  

b) **Underlying Policy(ies):** As per Endorsement No. 1 Schedule of Excess Policy(ies) Section I - Schedule of Underlying Policy(ies)  

c) **Quota Share Policy(ies):** As per Endorsement No. 1 Schedule of Excess Policy(ies) Section II - Schedule of Quota Share Policy(ies)  

#### Item 5. **Limit of Liability:** (Insuring Agreement 2):  
a) US$ 25,000,000 each Occurrence, Claim or Loss  
b) US$ 25,000,000 Aggregate  

#### Part of  
a) US$ 200,000,000 each Occurrence, Claim or Loss  
b) US$ 200,000,000 Aggregate  

#### Item 6. **Underlying Limits:** (Insuring Agreement 2):  
a) US$ 200,000,000 each Occurrence, Claim or Loss  
b) US$ 200,000,000 Aggregate  

Which in turn is excess of various insurances and/or retentions as more fully set forth in the Followed Policy  

**Date of Issuance:** June 8, 2010  
**BSF-02 Declarations (Ed. 07/09)**

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