# Arch Reinsurance Ltd.

**Victoria Hall, 4th Floor**
11 Victoria Street,
Hamilton HM 11
Bermuda

Telephone: 441-278-9200
Fax: 441-278-9230

## FOLLOWING FORM EXCESS LIABILITY INSURANCE POLICY (OCCURRENCE COVERAGE)

**COVERAGE APPLIES, SUBJECT TO THE TERMS AND CONDITIONS AND EXCLUSIONS OF THE POLICY, ONLY TO OCCURRENCES THAT FIRST COMMENCE DURING THE POLICY PERIOD. THE DATE AN OCCURRENCE FIRST COMMENCES IS THE DATE FOR DETERMINATION OF THE APPLICABLE LIMITS, RETENTIONS, TERMS, CONDITIONS AND EXCLUSIONS OF THE POLICY.**

PLEASE READ THE ENTIRE POLICY CAREFULLY.

## DECLARATIONS

**Policy No.: UFP0021773-00**
New

### ITEM 1.
(a) **Named Insured:** International Business Machines Corp.
(b) **ADDRESS:** One North Castle Drive MD # 222 Armonk, NY 10504 USA

### ITEM 2.
**Policy Period:** From: May 21, 2007 To: May 21, 2008 (12:01 A.M. at the address stated in Item 1 above)

### ITEM 3.
**RETROACTIVE DATE:** "Not Applicable"

### ITEM 4.
**COVERAGE:** Following Form Occurrence Excess Liability

OCXS 001 Edition June 2003