**Fireman's Fund**

**Declarations**

**EXCESS LIABILITY POLICY**

**POLICY NUMBER:** XOM-000-1448-4521

**ITEM 1**
**POLICY PERIOD:** FROM 05/21/92 TO 05/21/93 (12:01 A.M. Standard time at the address of the Named Insured as stated herein)

**ITEM 2**
**NAMED INSURED AND MAILING ADDRESS:** INTERNATIONAL BUSINESS MACHINES CORPORATION, IBM WORLD TRADE as per endorsement 178447-3-90 OLD ORCHARD ROAD ARMONK, NY 10504

**ITEM 3**
**07 NATIONAL SURETY CORPORATION**

**POLLUTION COVERAGE NOT PROVIDED**

**In return for the payment of the premium, and subject to all the terms of this policy, we agree with you to provide the insurance as stated in this policy.**

**ITEM 4**
**LIMITS OF INSURANCE As per endorsement #178210-1-86.**

**ITEM 5**
**UNDERLYING INSURANCE LIMITS $120,000,000 Each Occurrence $120,000,000 Aggregate FLAT CANCELLATION NOT PERMITTED**

**PREMIUM**

**Basis of premium:** Flat charge

**ITEM 6**
**Advance Premium:** $20,000 **Annual Minimum Premium:** $20,000

**ITEM 7**
**SCHEDULE OF UNDERLYING INSURANCE**

This schedule is described within Form No. 178457-2-91 which forms a part of this policy's declarations.

**ITEM 8 Endorsements attached to and forming a part of this policy at inception:**

1. 178447 03 90
2. 178210 01 86
3. 178241 02 88
4. 178419 08 88
5. 178436 12 91

**Date of Issue:** 06/16/1992

**Countersignature of Authorized Agent:** [Signature]

**This declarations page is issued in conjunction with and forms a part of Policy Form 5002-87.**

**IN THE EVENT OF CANCELLATION BY THE NAMED INSURED, THE COMPANY SHALL RECEIVE AND RETAIN NOT LESS THAN $500 AS THE POLICY MINIMUM PREMIUM.**