# DECLARATIONS COMMERCIAL EXCESS LIABILITY POLICY

**Chubb Group of Insurance Companies**
15 Mountain View Road, Warren, N.J. 07060

## Item 1 Named Insured & Address
- **International Business Machines Corp.,**
  - **ETAL (AS PER FIRST UNDERLYING INSURANCE)**
  - **OLD ORCHARD ROAD**
  - **ARMONK, NY 10504**

## Producer's Name & Address
- **JOHNSON & HIGGINS**
  - **125 BROAD STREET**
  - **NEW YORK, NY 10004**

## Named Insured is
- ☐ Individual
- ☐ Partnership
- ☑ Corporation
- ☐ Joint Venture
- ☐ Other

## Item 2 Policy Period
- **From:** 05/21/95
- **To:** 05/21/96
- **12:01 A.M. standard time at the address of the insured as stated.**

## Retroactive Date
- **applicable when all or part of the policy applies on a Claims Made Basis. If such a date is included, this policy will not apply to any injury or damage which occurs prior to that date.**

## Item 3 Premium
- **$ 37,188.00**
- **Basis Rate:**
- **Per:**

## Item 4 Limits of Liability
- **$ 5,000,000. Each Occurrence**
- **$ 5,000,000. Aggregate**

## SEE LIMIT OF LIABILITY AMENDMENT

## Item 5 Scheduled Underlying Insurance
a. **First Underlying Insurance**
   - **Company:** NATIONAL UNION
   - **Policy No.: BE-309-7770**
   - **From/To:** 05/21/95 05/21/96
   - **Claims Made:** NO
   - **Retroactive Date:** N/A
   - **Limits:**
     - **Each Occurrence:** $ 25,000,000.
     - **Aggregate:** $ 25,000,000.

b. **Other Underlying Insurance**
   - **Company:**
   - **Policy No.:**
   - **From/To:**
   - **Claims Made:**
   - **Retroactive Date:**
   - **Limits:**
     - **Each Occurrence:**
     - **Aggregate:**

## In Witness Whereof, the company issuing this policy has caused this policy to be signed by its authorized officers, or the authorized officers of its U.S. Manager, Chubb & Son Inc., but this policy shall not be valid unless also signed by a duly authorized representative of the company.

**FEDERAL INSURANCE COMPANY**

**President:**  
**Date:** JUN 16 1995

**Secretary:**  
**Authorized Representative:**

**Form 07-02-0575-U (Rev. 11-86)**

**INSURED**