The Travelers
The Travelers Indemnity Company
Hartford, Connecticut

**Declarations**
Excess Liability Policy EX-3006262

The limit of the Company's liability shall be as stated herein, subject to all the terms of this policy having reference thereto.

**Item 1. Named Insured:**
International Business Machines Corporation et al. per End. 8000(A)

**Address:**
Armonk, N.Y.

**Item 2. Policy Period:**
May 21, 1967 to May 21, 1970 12:01 a.m., standard time at the address of the named insured as stated herein.

**Item 3. Premium:**
Advance Premium Flat Charge $5,000.00 See End. 8000(B)

**Item 4. Limits of Liability:**
$5,000,000 per occurrence
$5,000,000 aggregate

**Item 5. Underlying Policies and Limits:**

| Company | Limit |
|---------|-------|
| American Home Assurance Co. | 8,000,000 excess of 2,000,000 excluding E. & O. |
| Continental Casualty Co. | 2,000,000 excess of 10,000,000 excluding E. & O. |
| General Reinsurance Corp. | 5,000,000 excess of 12,000,000 excluding E. & O. |
| American Re-Insurance Co. | 3,000,000 excess of 17,000,000 excluding E. & O. |
| Federal Ins. Co.) 5,000,000 Quota Home Ins. Co. 5,000,000 Share | 10,000,000 excess of 20,000,000 excluding E. & O. |
| Travelers Ind. Co. | 10,000,000 excess of 30,000,000 excluding E. & O. |
| Ins. Co. of North America | 5,000,000 excess of 40,000,000 excluding E. & O. |