**Risk Details - Wording**

**AON SHORT EXCESS FORM (LONDON) 03-14 (OCC) (SELF PROCURED BASIS)**

**DECLARATIONS**

Item 1.
a) Named Insured: International Business Machines Corporation and as more fully set forth in the Followed 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. Policy Period:
From: 21st May 2017 at 12:01 a.m. standard time at the address of the Named Insured.

To: 21st May 2018 at 12:01 a.m. standard time at the address of the Named Insured.

Item 3.
a) Followed Policy:
Company: ACE Property & Casualty Insurance Company
Policy Number: XOO G27983212 002
Coverage: Lead Umbrella – Occurrence
Policy Period:
From: 21st May 2017 at 12:01 a.m. standard time at the address of the Named Insured.
To: 21st May 2018 at 12:01 a.m. standard time at the address of the Named Insured.
Limits of Liability: USD 50,000,000
b) Underlying Policy(ies): As per Schedule of Underlying Policy(ies).

Item 4. Limit of Liability: (Insuring Agreement 2):
a) USD 200,000,000 each Occurrence.
b) USD 200,000,000 annual aggregate where stated in the Followed Policy.

Item 5. Underlying Limits: (Insuring Agreement 2):
a) USD 200,000,000 each Occurrence.
b) USD 200,000,000 annual aggregate where applicable.
Which in turn is excess of various insurances and/or retentions as more fully set forth in the Followed Policy.

**Risk Details - Wording**
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