# Endurance Specialty Insurance Ltd.

**The Wellesley House, 90 Pitts Bay Road, Pembroke HM08, Bermuda**
**Telephone:** 441-278-0400 **Fax:** 441-296-1474

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

**POLICY NO.:** EXC10000024504
**RENEWAL OF:** EXC10000024503

## 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, 2013 at 12:01 am standard time at the address of the Named Insured.
To: May 21, 2014 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:** G27051169
   - **Coverage:** Commercial Umbrella Liability Policy
   - **Policy Period:** From: May 21, 2013 To: May 21, 2014
   - **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)
c) **Quota Share Policy (ies):** As per Endorsement No. 1 Schedule of Excess Policy(ies)

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

#### Item 6. **Underlying Limits: (Insuring Agreement 2):**
a) US$ 75,000,000 each Occurrence, Claim or Loss Aggregate
b) US$ 75,000,000 Aggregate

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

**Date of Issuance:** May 27, 2013
BSF-02 Declarations (Ed. 07/09)