# Declarations

## Excess Liability Catastrophe Policy

**Producer Code:** 384624  
**Office:** Boston  
**Previous Policy Number:** G23873746  
**Commission:**  

**Audit Frequency:** Not Subject  
**Producer:** ARTHUR J GALLAGHER RISK MANAGEMENT SERVICES, INC  

**Named Insured IS:** Corporation  
**Business of Insured:** Management consulting services  
**PIIC:** 8742  

**Policy Number:** XCP G2464845A  

**Policy Period:** From 05/21/2008 to 05/21/2009  
**12:01 A.M. Standard Time at the Address of the Named Insured as stated herein**

**Named Insured and Address:**  
International Business Machines Corporation  
One North Castle Drive  
Mail Drop 222  
Armonk, NY 10504  

**Coverage is provided in the company designated below:**  
ACE American Insurance Company  

**Limits of Insurance:**  
- $25,000,000 Each Occurrence  
- $25,000,000 Aggregate  

**Premium:**  
- Basis of Premium: Flat  
- $164,860 Advance Premium  
- $164,860 Annual Minimum Premium  
- $7,850 Terrorism Premium included in above  

**Schedule of Underlying Insurance:**  
First Policy of Underlying Insurance  

**Company:** National Union Fire Co. of Pittsburgh  
**Limits of Insurance:**  
- Policy Number: 5543148  
- $50,000,000 Each Occurrence  
- $50,000,000 Products Aggregate  
**Expiration Date:** 05/21/2009  
**$50,000,000 Aggregate**  

**Endorsements Attached to and forming a part of this Policy at inception:**  
- Form Number:  
- Form Name:  
- "See Schedule of Endorsements attached"  

**Date of Issue:** June 3, 2008  
**Signature of Authorized Agent:**  
**Notice:** THESE POLICY FORMS AND THE APPLICABLE ENDORSEMENTS MUST BE FILED WITH THE NEW YORK INSURANCE DEPARTMENT IN ACCORDANCE WITH THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE LAWS AND REGULATIONS.

**Class Code:** 2-13000