# Certificate of Facultative Casualty Reinsurance

**Certificate No:** FC09222

**Producer/Intermediary:**
- **Name:** TOM CIARDELLO
- **Company:** LEXINGTON INSURANCE COMPANY
- **Address:** 100 SUMMER STREET, BOSTON, MA 02110

**Your Reference No.:**

**In consideration of the payment of premiums and subject to the terms and limits set forth hereon and the General Conditions set forth on the reverse side (which are an integral part of this Certificate), Metropolitan Reinsurance Company, a Delaware stock insurer (referred to as MetRe), does hereby reinsure:**

**Name of Ceding Company:** LEXINGTON INSURANCE COMPANY
- **Address:** 100 SUMMER STREET, BOSTON, MA 02110

**Declarations**
- **Name of Insured:** INTERNATIONAL BUSINESS MACHINES
- **Address:** ARMONK, NY

**Company Policy No:** 552 8820
- **Company Policy Period:** 05/21/86–05/21/87
- **Reinsurance Cert Period:** 05/21/86–05/21/87

| Item 1 Type of Insurance | EXCESS CLAIMS MADE LIABILITY |
|--------------------------|----------------------------|
| Item 2 Policy Limits and Application | $10,000,000. XS $80,000,000. XS U/L |
| Item 3 Company Retention | $5,000,000. P/O $10,000,000. XS $80,000,000. XS U/L |
| Item 4 Reinsurance Accepted | $500,000. P/O $10,000,000. XS $80,000,000. XS U/L |

| Item 5 Basis of Acceptance |
|---------------------------|
| Excess of Loss |
| Contributing Excess [X] |
| Non-Concurrent |

**Item 6 Cancellation Notice:** 60 DAYS

**Item 7 Reinsurance and Gross Premium Computation**
- Fixed Charge: $4250
- Adjustable on basis of: per Annual Minimum
- Deposit Premium: $
- Premium: $

**Audit Period:**

**Item 9 Company Ceding Commission:** 25.0%

**Countersigned at:** New York, N.Y.
- **Date:** 09/15/86

**Metropolitan Reinsurance Company**
- **Title:** VICE-PRESIDENT

**Note:** Please make checks payable to: Metropolitan Reinsurance Company

**General Conditions of Reinsurance are on Reverse Side**

**MRC-8 Elec. (1/84)**
**Printed in U.S.A.**