# 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 Corporate Headquarters**
    - **Armonk, NY 10504**

## Producer's Name & Address
- **Johnson & Higgins**
  - **125 Broad Street**
    - **New York, NY 10004**

## Policy Number (94) 7908-98-98
- **Issued by the stock insurance company indicated below, herein called the company.**
- **FEDERAL INSURANCE COMPANY**
  - **Incorporated under the laws of Indiana**

## Issue Date: 06/10/93

## Item 2 Policy Period
- **From: 05/21/93 To: 05/21/94**
- **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: $90,000.00
- **Basis Rate:** Per:
- **Premium:** $90,000.00

## Item 4 Limits of Liability
- **$20,000,000. Each Occurrence $20,000,000. Aggregate**

## Item 5 Scheduled Underlying Insurance
a. **First Underlying Insurance**
   - **Company:** AMERICAN HOME ASSURANCE
   - **Policy No.: BE3086120**
   - **From/To:** 05/21/93 05/21/94
   - **Claims Made:** NO
   - **Retroactive Date:**
     - **Limits:** Each
     - **Of Liability:** $25,000,000. Each Occurrence $25,000,000. Aggregate

b. **Other Underlying Insurance**
   - **Company:** AETNA
   - **Policy No.: 01XN23410889SCA**
   - **From/To:** 05/21/93 05/21/94
   - **Claims Made:** NO
   - **Retroactive Date:**
     - **Limits:** Each
     - **Of Liability:** $10,000,000. Each Occurrence $10,000,000. 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:** [Signature]
**Date:** [Date]

**Secretary:** [Signature]
**Authorized Representative:** [Signature]
**Date:** [Date]

**INSURED**