# AIG Excess Liability Insurance International Limited

(Hereinafter referred to as the "Insurer")
Bermuda Branch
29 Richmond Road, Pembroke HM 08, Bermuda
Telephone: 441-295-6327
Facsimile: 441-192-8099
Email: highexcessclaims@aig.com (For Claim Matters Only)
Facsimile: 866-616-8753 (For Claim Matters Only)

**FOLLOWING FORM EXCESS LIABILITY INSURANCE POLICY DECLARATIONS**

**POLICY NO.:** 1657401
**NEW/RENEWAL OF:** 5237337

**ITEM 1.**
(a) **NAMED INSURED:** International Business Machines Corporation
(b) **ADDRESS:** One North Castle Drive
Mail Drop #222, Armonk, NY 10504
USA

**ITEM 2.**
POLICY PERIOD: Inception Date: May 21, 2008 To: May 21, 2009
(12:01 A.M. prevailing time at the address stated in Item 1 above)

**ITEM 3.**
COVERAGE: Following Form Excess Liability

**ITEM 4.**
LIMITS OF LIABILITY:
US$150,000,000 Per Occurrence, Per Claim or
Per Loss (per Followed Policy)
US$150,000,000 Aggregate, where applicable

Excess of Limits in Item 5 below

**ITEM 5.**
LIMITS OF UNDERLYING EXCESS POLICIES:
US$400,000,000 Per Occurrence, Per Claim or
Per Loss
US$400,000,000 Aggregate, where applicable
Per Schedule of Underlying Excess Policies
(See Endorsement No. 1)

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FF-04 301.01 (Ed. 08/06)
Declarations-Oce (BEIR)