**GREAT AMERICAN INSURANCE COMPANIES**
Subsidiaries of American Financial Corporation
580 WALNUT STREET, CINCINNATI, OHIO 45202

**GA1 6500 (Ed. 02 89)**
**Policy No. EXC 8725937 - Renewal Of**

**EXCESS LIABILITY POLICY**

**NAMED INSURED AND ADDRESS:**
INTERNATIONAL BUSINESS MACHINE CORP.
(PER NAMED INSURED ENDORSEMENT)
OLD ORCHARD RD., MAIL DROP 230
ARMONK, NY 10504

**POLICY PERIOD:**
12:01 A.M. Standard Time at the address of the Named Insured shown at left.
From 05/21/95 To 05/21/96

**AGENT'S NAME AND ADDRESS:**
PROFESSIONAL RISK BROKERS, INC.
8510 MCALPINE PARK DR. #114
CHARLOTTE, NC 28211

**insurance is afforded by company indicated below:**
(Each a capital stock corporation)
- GREAT AMERICAN INSURANCE CO.
- AMERICAN ALLIANCE INSURANCE CO.
- AMERICAN NATIONAL FIRE INS. CO.
- AGRICULTURAL INSURANCE CO.

**1. LEGAL ENTITY:**
- Individual
- Partnership
- Corporation
- Other

**LIMITS OF INSURANCE:**
- $ AS PER each occurrence
- $ ENDT. NO. 2 aggregate

**3. PREMIUM:**

| (A) Premium Basis | (B) Estimated Exposure | (C) Rate per |
|-------------------|------------------------|--------------|
| NOT APPLICABLE    |                        | FLAT CHARGE  |

| (D) Estimated Premium | (E) Minimum Premium | (F) Advance Premium |
|-----------------------|---------------------|-------------------|
| (X) Annual            | (X) Annual          | (X) Annual       |
|                       |                     |                   |
| $57,000               | $57,000             | $57,000          |

Total Advance Premium $57,000

Premium shown is payable: $57,000 at inception;

In the event of cancellation by the Named Insured, the Company shall receive and retain not less than $ as a policy minimum premium.

**4. FORMS AND ENDORSEMENTS:** Applicable to all Coverage Parts and made part of this policy at time of issue are listed on the attached Forms and Endorsements Schedule GA1 6013.

GA1 6500 (Ed. 02/89) PRO
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