# Chubb & Son, Inc.

## Declarations

### Excess Liability Policy

**Policy Number:** 79221306

**Producer Number:** 7737-87-23

**Issued by the stock insurance company shown below, herein called the Company:**

**FEDERAL INSURANCE COMPANY**

**Incorporated under the laws of New Jersey**

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**Item 1. Named Insured & Address:**

* **International Business Machines Corp.**
* **Armonk, New York**

**Item 2. Producer's Name & Address:**

* **Johnson & Higgins**
* **95 Wall Street**
* **New York, N.Y.**

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**Item 3. Policy Period:**

* **From:** May 21, 1973
* **To:** May 21, 1976
* **(12:01 A.M. standard time at the address of the Named Insured)**

**Item 4. Premium:**

* **$17,500.** (see endt.$1)
* **Premium Basis:** Flat Charge
* **Rate:**

**Item 5. Limit of Liability:**

The Company's Liability, under this policy, shall not exceed the greater of the following amounts:

A. 25.0 Percent of the LOSS in excess of all UNDERLYING INSURANCE nor for more than
B. $5,000,000. per occurrence or;
C. $5,000,000. Annual aggregate (as defined in the First UNDERLYING INSURANCE policy)

**Item 6. Schedule of UNDERLYING INSURANCE:**

First UNDERLYING INSURANCE policy:
* **U.S. Fire Ins. Co.** $2,000,000.- xs of primary

Other UNDERLYING INSURANCE:
* **American Home** $8,000,000.
* PLUS OTHER INSURANCE AS ON FILE WITH THE COMPANY - UNDERLYING INSURANCES HAVE TOTAL LIMITS OF LIABILITY OF $20,000,000.

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**Issued at:** New York, N.Y.
**Date:** May 7, 1973

**Authorized Representative:**