**Landmark Insurance Company**

**HOME OFFICE**
**LOS ANGELES, CALIFORNIA**

**Name Insured:** INTERNATIONAL BUSINESS MACHINE CORP Policy No.: FE 4080121
**Address:** CORPORATE HEADQUARTERS Renewal of No.: 4080124
**Producer:** JOHNSON & HIGGINS
**Address:** 125 Broad Street New York, NY 10001-2910 Cable: RHODES

**DECLARATIONS — FOLLOWING FORM EXCESS LIABILITY POLICY**

**SECTION I — EXCESS INSURANCE**

(1) **Policy Period**
   - From: 05/21/93 To: 05/21/94
   - 12:01 a.m. Standard Time at the Address of the Insured stated herein.

(b) **Coverage:** EXCESS UMBRELLA LIABILITY

(c) **Limits of Liability:** $10,000,000 part of $55,000,000

(d) **Premium:** $45,000
   - Minimum Premium: $45,000
   - Rating Base: flat
   - Rate: flat
   - Audit Period: N/A

**SECTION II — UNDERLYING INSURANCE**

(a) **Underlying Carrier:** AMERICAN HOME
   - Coverage: UMBRELLA LIABILITY
   - Policy No.: TBA
   - Policy Limit: $25,000,000
   - Policy Period: 05/21/93 to 05/21/94

(b) **Total limits of all underlying insurance including the underlying policy in excess of which this policy applies:** $60,000,000 EACH OCCURRENCE/AGGREGATE EXCESS OF UNDERLYING AND DEDUCTIBLE/SIR

**Endorsements Made Part of this Policy:**
SEE ATTACHED FORMS SCHEDULE

**Countersigned On:** At Los Angeles, California.
By: Donald Borch
Authorized Representative

**INSURED'S COPY**