# Prudential Reinsurance Company

## Excess Liability Policy

**Policy No:** DXC DX 0238  
**Prior No:** DXC 901114

**Home Office:**  
213 Washington Street  
Newark, New Jersey 07101

## Declarations

### Item 1. Insured's Name and Address
- **International Business Machines Corp. (As Per End. #1)**
- **Armonk, New York 10504**

### Item 2. Policy Period
- From: May 21, 1977
- To: May 21, 1978
- 12:01 A.M. Standard Time at the address of the Named Insured as stated herein

### Item 3. Coverage/Limits of Liability
- This policy covers with respect to those coverages indicated below, and shall apply only as excess of the underlying Limits and then only up to the amount of the PRUDENTIAL REINSURANCE EXCESS LIMITS shown below:

| COVERAGE | UNDERLYING LIMITS | PRUDENTIAL REINSURANCE EXCESS LIMITS |
|----------|-------------------|------------------------------------|
| Excess Umbrella Liability | $40,000,000 each occurrence and annual aggregate Umbrella and various underlying primary policies. | $5,000,000 being 1/8 part of $40,000,000 each occurrence and annual aggregate excess of Underlying Limits. |

### Item 4. Premium
- A) Deposit: $7,500.00 flat charge
- B) Annual Minimum:
- Premium Basis Rate:

### Item 5. Schedule of Underlying Insurance
- American Guarantee and Liability Insurance Company policy 87-91-601 and other excess and primary policies totalling underlying limits.

**Date:** May 19, 1977  
**Signature:** John J. Koyel