# EXCESS LIABILITY POLICY

Coverage is provided in the Company checked below.

- [X] Transamerica Insurance Company
  - Home Office: Woodland Hills, CA.
- Previous Policy No.: XLX 270 92 36
- Policy No.: XLX 271 05 08

## DECLARATIONS

- Named Insured, Mailing Address: INTERNATIONAL BUSINESS MACHINES, ARMONK, N.Y. 10504
- Producer & Code Number: ROPPELT, CORIERI 625111

### 1. Policy Period
- From: 05-21-91
- To: 05-21-92 at 12:01 A.M. Standard Time at your mailing address shown above.

### 2. Limits of Insurance
- $15,000,000 per occurrence (PART OF $30,000,000 per occurrence)
- $15,000,000 aggregate (PART OF $30,000,000 aggregate)
- Excess of Total Underlying Limits
  - $120,000,000 per occurrence
  - $120,000,000 aggregate
- See Endorsement Number for Limits of Liability

### 3. Premium
- Basis of Premium: Flat Charge
- Advance Premium: $37,500
- Minimum Premium: $N/A

### 4. Endorsements Attached to this Policy:
- EL19121, ESR0236, EL19078, ENDT #1, EL20019, EL19241, EL19250A

### 5. Controlling Umbrella Policy
- Company: NATIONAL UNION INS. CO.
- Expiration Date: 05-21-92
- Policy Number: AS PER COMPANY FILE
- Limits of Insurance: $25,000,000 per occurrence
- $25,000,000 aggregate
- Schedule of other underlying excess insurers attached.

## Countersigned by (authorized representative)

EL 17460