**Fireman's Fund**

**Excess Liability Policy**

**Declarations**

**Policy Number:** XOM-000-5744-9845

**Item 1**
**Policy Period:** From 05/21/93 to 05/21/94 (12:01 A.M. Standard time at the address of the Named Insured as stated herein)

**Item 2**
**Named Insured and Mailing Address:** International Business Machines Corporation, IBM World Trade as per endorsement 178447-3-90 2000 Purchase Street Purchase, NY 10577

**Item 3**
**07 National Surety Corporation**

**Pollution Coverage Not Provided**

**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.**

**Item 4**
**Limits of Insurance:** As per endorsement #178210-1-86.

**Item 5**
**Underlying Insurance Limits:** $120,000,000 Each Occurrence $120,000,000 Aggregate

**Flat Cancellation**

**Premium**

**Basis of premium:** Flat charge

**Item 6**
**Advance Premium:** $20,000 Annual Minimum Premium: $20,000

**Item 7**
**Schedule of Underlying Insurance**

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

**Item 8**
**Endorsements attached to and forming a part of this policy at inception:**

1. 178447 03 90
2. 178210 01 86
3. 178241 02 88
4. 178419 08 88
5. 178436 12 91

**Date of Issue:** 05/27/1993

**Countersignature of Authorized Agent:**

This declarations page is issued in conjunction with and forms a part of Policy Form 5002 07-87.