**Landmark Insurance Company**

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

**Name Insured:** International Business Machine Corporation
**Address:** Corporate Headquarters Armonk, NY 10504

**Policy No.:** FE 5044199
**Renewal of No.:** 4080121

**Producer:** Henry Ward Johnson and Company
**Address:** 30 Broad Street New York, NY 10004

**DECLARATIONS — FOLLOWING FORM EXCESS LIABILITY POLICY**

**SECTION I — EXCESS INSURANCE**

(1) **Policy Period**
- From: 5/21/94
- To: 5/21/95
- 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:** $43,000
- Minimum Premium: $43,000
- 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: 5/21/94 to 5/21/95

(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:**

Countersigned On: 6/9/94ta
At Los Angeles, California.

By: Donald Booth
Authorized Representative

**INSURED'S COPY**