# CANOPIUS UNDERWRITING BERMUDA LIMITED

## BERMUDA SHORTS FORM EXCESS LIABILITY INSURANCE POLICY 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

**Item 2**
- (a) Inception Date: May 21, 2010 (12:01 A.M. at the address stated in Item 1(b) above)
- (b) Expiration Date: May 21, 2011 (12:01 a.m. at the address stated in item 1(b) above)

**Item 3**
- Retroactive Date: N/A

**Item 4**
- (a) Followed Policy:
  - Company: ACE Property & Casualty Insurance Company
  - Policy Number: XOO G24907338
  - Coverage: Commercial Umbrella Liability
  - Policy Period: From: May 21, 2010 To: May 21, 2011
  - Limits of Liability:
    - USD50,000,000 Each Occurrence Limit
    - USD50,000,000 Aggregate Limit
    - USD50,000,000 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**
- Limit of Liability:
  - a) USD25,000,000 part of USD200,000,000 each Occurrence, Claim or Loss (Insuring Agreement 2):
  - b) USD25,000,000 part of USD200,000,000 Aggregate

**Item 6**
- Underlying Limits:
  - a) USD200,000,000 each Occurrence, Claim or Loss (Insuring Agreement 2):

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