**ORIGINAL POLICY**

**GAI 6600 (Ed. 06 97)**

**Policy No. EXC 2194831 -**
**Renewal Of NEW -**

**COMMERCIAL EXCESS LIABILITY DECLARATIONS PAGE**

**1. NAMED INSURED AND ADDRESS:**
INTERNATIONAL BUSINESS MACHINES CORP.
(AS PER UNDERLYING INSURANCE)
ONE NORTH CASTLE DRIVE, MAIL DROP 222
ARMONK, NY 10504-1725

**2. POLICY PERIOD:**
12:01 A.M. Standard Time at the
address of the Named Insured
shown at left.
From 05/21/2008 To 05/21/2009

**IN RETURN FOR PAYMENT OF THE PREMIUM,
AND SUBJECT TO ALL TERMS OF THIS
POLICY, WE AGREE WITH YOU TO PROVIDE
THE INSURANCE AS STATED IN THIS
POLICY.**

**PRODUCER'S NAME AND ADDRESS:**
ARTHUR J GALLAGHER & CO.
HOLLY POND PLAZA, 1281 E, MAIN ST.
STAMFORD, CT 06902

**Insurance is afforded by:** GREAT AMERICAN INSURANCE CO. OF NEW YORK

**3. PREMIUM:**
Total Advance Premium $ 81,250
Service Charge $
Taxes $
Surcharge $
Total $ 81,250

**BASIS OF PREMIUM:** Non-Auditable (X) Auditable ( )

In the event of cancellation by the Named Insured, the company will receive and retain no less than $ as a policy minimum premium.

**4. LIMITS OF INSURANCE:**
$ PER GAI 6011 Each Occurrence
$ PER GAI 6011 Aggregate Limit (Where Applicable)

These Limits of Insurance apply in excess of the Underlying Limits of Insurance indicated in Item 5. of the Declarations.

**5. UNDERLYING INSURANCE:**
Carrier Information Type of Coverage Limits of Insurance
AS PER GAI 6008 (06/97) ATTACHED

**6. FORMS AND ENDORSEMENTS applicable to all Coverage Forms and made part of this Policy at time of issue are listed on the attached Forms and Endorsements Schedule, GAI 6013 (Ed. 06/97).**

Countersigned 7-16-08 By Robert W. Chalmers
Date Authorized Representative

GAI 6600 (Ed. 06/97) PRO
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