# ASPEN BERMUDA LIMITED

## THE BERMUDA SHORT FORM DECLARATIONS

**Policy Number:** ECA1KFW13A0W
**Renewal of:** EGA1KFW12A0W

### ITEM 1
- **(a) NAMED INSURED:** International Business Machines Corporation
- **(b) ADDRESS:** One New Orchard Road, Mail Drop 109, Armonk, NY 10504

### ITEM 2
- **POLICY PERIOD:** From May 21, 2013 To May 21, 2014 (12:01 A.M., standard time at the address stated in Item 1 above)

### ITEM 3
- **RETROACTIVE DATE:** Not Applicable

### ITEM 4
- **(a) FOLLOWED POLICY:**
  - **Company:** ACE Property & Casualty Insurance Company
  - **Policy Number:** XOO G27051169
  - **Coverage:** Lead Umbrella - Occurrence
  - **Policy Period:** May 1, 2013 to May 1, 2013
  - **Limits of Liability:** USD 50,000,000 Each Occurrence, USD 50,000,000 General Aggregate, USD 50,000,000 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):** Not Applicable

### ITEM 5
- **LIMITS OF LIABILITY:** (a) USD 50,000,000 each Occurrence, Claim or Loss (b) USD 50,000,000 Aggregate (where applicable)

### ITEM 6
- **UNDERLYING LIMITS:** (a) USD 500,000,000 each Occurrence, Claim or Loss (b) USD 500,000,000 Aggregate (where applicable), Which in turn is excess of various insurances and/or retentions as more fully set forth in the Followed Policy

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