# Transatlantic Reinsurance Company Certificate of Casualty Facultative Reinsurance

**TO:** TOM CIARDELLO  
**LEXINGTON INSURANCE COMPANY**  
100 SUMMER STREET  
BOSTON, MASS 02110  

**CERTIFICATE NO.:** 5064973  
**RENEWAL/REWRITE NO.:** NEW  
**TRC U/W:** JOHN J. SULLIVAN  
**TRC BRANCH:** BOSTON  

**CEDING COMPANY:** LEXINGTON INSURANCE COMPANY  
**POLICY PERIOD:** 5/21/86 - 5/21/87  
**POLICY NO.:** D  

**ITEM 1 - ASSURED:** INTERNATIONAL BUSINESS MACHINES (IBM)  
**ITEM 2 - LOCATION:** ARMONK, NEW YORK  
**ITEM 3 - TYPE OF INSURANCE:** EXCESS UMBRELLA LIABILITY  
**ITEM 4 - POLICY LIMITS:**  
- 10,000,000 EACH OCCURRENCE AND AGGREGATE WHERE APPLICABLE  
- EXCESS OF 80,000,000 EACH OCCURRENCE AND AGGREGATE WHERE APPLICABLE EXCESS OF PRIMARY INSURANCE  

**ITEM 5 - COMPANY RETENTION:**  
- 5,000,000 P/O 10,000,000 XS 80,000,000 XS U/L  

**ITEM 6 - REINSURANCE ACCEPTED:**  
- 500,000 P/O 10,000,000 XS 80,000,000 XS U/L  

**ITEM 7 - REINS. EFFECTIVE DATE:** 5/21/86  
**ITEM 8 - PREM DUE AT INCEPTION:** $4,250  
**ITEM 9 - CEDING COMMISSION:** 20.00%  
**ITEM 10 - CANCELLATION:** 45 DAYS NOTICE  

**ITEM 11 - CONDITIONS:**  
- EXCLUDE: ERISA, CCC, ASBESTOS, POLLUTION ABSOLUTE, E&O, AIRCRAFT PRODUCTS &GROUNDING, PUNITIVE DAMAGES, DISCRIMINATION, PATENT INFRINGEMENT, PRODUCT RECALL. FOLLOWFORM: PERSONAL INJURY, CONTRACTUAL, FOREIGN, LIQUOR, INCIDENTA MALPRACTICE. ATTACH: JOINT VENTURE END'T, CLAIMS MADE RETRO INCEP.1YR DIS TRC LAYOFF AS PERCENT OF POLICY LIMIT LAYER(S):  
  - FACILITY NO.  
    - 7169: 5.00%  
    - 6026: 0.00%  

**TOTAL:** 5.00%  
**BY:** GAETANO DEMARTINO  
**AUTHORIZED SIGNATURE:**  
**DATE PREPARED:** 6/30/86