# Declarations

## Excess Liability Policy

**Policy Number:** HXL- 164 01 71

**Insured by the Stock Company checked below and hereinafter called the Company:**

- The Home Insurance Company (Manchester, New Hampshire)
- City Insurance Company (Short Hills, New Jersey)
- The Home Indemnity Company (Manchester, New Hampshire)
- The Home Insurance Company of Indiana (Indianapolis, Indiana)

**Item 1. Named Insured and Mailing Address (Name, Street, Town or City, County, State, Zip Code):**

- **International Business Machines Corp.**
- **Armonk, New York 10504**

**Producer Name:** Johnson & Higgins

**Policy Period:**

- From (Mo-Day-Year): 5-21-85
- To (Mo-Day-Year): 5-21-86
- 12:01 A.M. Standard Time at the address of the Named Insured

**Item 2. Policy Premium:**

- **$ 7,500.00**
- **Rate:** In Advance
- **Flat charge:** $0
- **Policy Minimum Premium:** $40.00
- **1st Anniversary:** $0
- **2nd Anniversary:** $0

**Item 3. Limits of Liability:**

The Company's liability under this policy shall not exceed the following Limit:

- 22.624 Percent of the ultimate Net Loss in excess of all underlying insurance but for no greater amount than:
  - $5,000,000. Each Occurrence
  - $5,000,000. Annual Aggregate as defined in the First Underlying Insurance Policy

**Item 4. Schedule of Underlying Insurance:**

First Underlying Insurance Policy:

- Carrier, Policy No., and Term:
  - Centennial Ins. Co.
  - To Be Advised
  - 5-21-85/86
- Applicable Limit:
  - $2,000,000. Each Occurrence
  - $2,000,000. Annual Aggregate (where applicable)

Other Underlying Insurance:

- Various
- Applicable Limit:
  - $148,000,000. Each Occurrence
  - $148,000,000. Annual Aggregate (where applicable)

**Subject to forms attached hereto (enter form number and edition dates):**

H35269F Ed. 5-83; H22300FH (S) Rev. 11-81; H35591F Ed. 9-83

**Countersigned at:**

- **New York, N.Y.**
- **Issue Date:** 6-28-85 sm
- **Authorized Representative Signature:** [Signature]
- **Countersign Date:** 7-1-85

**UND 16253**