**Policy Number:** WE1000145

## 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:** IBM Corporation, One New Orchard Road, (Mail Drop 109), Armonk, New York 10504, United States of America

**Item 2.**
- **a) Lead Underlying Policy No:** G2 49 07 33 8
- **b) All other Underlying Policy No(s):**
  - (i) EXC1679516
  - (ii) EXC10000024501
  - (iii) 79665684 / LQ1-B71-078-753-092 / ECO (11) 54088246
- **c) Lead Underlying Insurer:** ACE Property & Casualty Insurance Company
- **d) All other Underlying Insurer(s):**
  - (i) Great American Insurance Co. of NY
  - (ii) Endurance Specialty Insurance Ltd.
  - (iii) Federal Insurance Company / Liberty Insurance Underwriters Inc. / Ohio Casualty Insurance Company

**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 2010 at 12:01 am standard time at the address of the Named Insured.
  - To: 21st May 2011 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:
    - To: The Company as shown in the attached Individual Security Details.
    - And:

**Market Submission - Wording**
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