# Excess Liability Policy

## Declarations

**Policy Number:** SHX-000-8105-5105  
**Policy Period:** From 05/21/08 to 05/21/09 (12:01 A.M. Standard time at the address of the Named Insured as stated herein)  
**Fireman's Fund Insurance Companies**

**Coverage is provided in the following company, a stock company:**  
07 National Surety Corporation  

**Named Insured and Mailing Address:**  
IBM CORPORATION ET AL., AS PER FIRST UNDERLYING INSURANCE  
1 N CASTLE DR MAIL DROP 222  
ARMONK, NY 10504  

**In return for the payment of the premium, and subject to all the terms of this policy, we agree with you to provide the insurance as stated in this policy.**

## Limits of Insurance

As per endorsement #178210-1-02R.

**Underlying Insurance Limits:**
- Each Occurrence: $200,000,000
- General Aggregate: $200,000,000
- Products Aggregate: $200,000,000

## Premium

**Basis of premium:** Flat charge  
**Advance Premium:** $81,250  
**Annual Minimum Premium:** $81,250  
**Includes Terrorism Risk Insurance Act - Certified Acts Coverage:** $1,593  

## Schedule of Underlying Insurance

This schedule is described within Form No. 178457 2-91 which forms a part of this policy's declarations.

## Schedule of Endorsements

This schedule is described within Form No. 178250-04-04 which forms a part of this policy's declarations.

## Date of Issue: 06/18/2008

**Countersignature of Authorized Agent:**

This declarations page is issued in conjunction with and forms a part of Policy Form 5303 10-02.

## Producer Information

| Und Group | Branch | Producer Code | Producer | Comm. |
|-----------|--------|---------------|----------|-------|
| I         | NAR    | 06 491 019   | ARTHUR J GALLAGHER RISK MGMT S | 0.00% |

| Audit Frequency | Previous Policy No. |
|-----------------|---------------------|
| 0               | NEW                 |