# DECLARATIONS

## EXCESS LIABILITY POLICY

**POLICY NUMBER:** 0-80 XOM-210 47 35

**PERIOD:** FROM 5/21/91 TO 5/21/92 (12:01 A.M. STANDARD TIME AT THE ADDRESS OF NAMED INSURED AS STATED HEREIN)

**NAMED INSURED AND MAILING ADDRESS:**

- **Item 2:** INTERNATIONAL BUSINESS MACHINES CORP.
  - CORPORATE HEADQUARTERS
  - ARMONK, N.Y. 10504

**Item 3:** FIREMAN'S FUND INS. CO.

**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.**

### LIMITS OF INSURANCE

- **Item 4:** $10,000,000 EACH OCCURRENCE
- **Item 5:** $115,000,000 EACH OCCURRENCE

### UNDERLYING INSURANCE LIMITS

- **Item 6:** $24,000 ADVANCE PREMIUM
- **Item 7:** SCHEDULE OF UNDERLYING INSURANCE
  - **No 1:** FIRST UNDERLYING INSURANCE:
    - COMPANY: AMERICAN HOME
    - POLICY NO.: BE3083133
    - EXPIRATION DATE: 5/21/92
    - LIMITS OF INSURANCE:
      - EACH OCCURRENCE: $25,000,000
      - AGGREGATE: $25,000,000

### ENDORSEMENTS ATTACHED TO AND FORMING A PART OF THIS POLICY AT INCEPTION:

- Item 8:
  - 178241-2-88
  - 178210-1-86
  - 178337-1-88
  - 178447-3-90
  - 178419-8-88
  - 178436-2-90
  - 178432-3-89
  - END'T #1

**DATE OF ISSUE:** 6/5/91 DH
**COUNTERSIGNATURE OF AUTHORIZED AGENT:** [Signature]

**5002-7-87 THIS DECLARATIONS PAGE IS ISSUED IN CONJUNCTION WITH AND FORMS A PART OF POLICY FORM 5002**