# EXCESS LIABILITY INDEMNITY POLICY INSURANCE DECLARATIONS

**Policy No.: XLUMB-00704**

**Date:** DECEMBER 17, 1996

## Item 1
**(a) Named Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION

**(b) Address of Named Insured:** OLD ORCHARD ROAD NEW YORK, NEW YORK USA

## Item 2
**Limits of Liability:**

**(a)**

| Layer | Per Occurrence Limit | Per Occurrence Retention |
|-------|----------------------|-------------------------|
| 1     | 100% part of $75,000,000 excess of | $170,000,000 |

**(b) Annual Aggregate:** $75,000,000

## Item 3
**Policy Inception Date:** MAY 21, 1990

**First Annual Period Expiration Date:** MAY 21, 1991

## Item 4
**Retroactive Coverage Date:** INTERNATIONAL BUSINESS MACHINES CORPORATION

*All other coverages but pollution have a retroactive date of May 21, 1990. Pollution cover only with a retroactive date of May 15, 1990.*

## Item 5
**Representative of Named Insured:**

*At 12:01 A.M. at the address of the Named Insured listed in Item 1(b) above.*