# THE CHUBB COMMERCIAL EXCESS

## Declarations

**Named Insured and Mailing Address (Item 1)**

- **International Business Machines Corp., ETAL (As per Controlling U/L Insurance)**
- **Old Orchard Road**
- **Armonk, NY 10504**

**Policy Number:** (98) 7908-98-97 CAS  
**Previous Policy No.:** (97)7908-98-97  
**Issued by the stock insurance company indicated below, herein called the company.**

**VIGILANT INSURANCE COMPANY**  
**Incorporated under the laws of New York**

**Producer No.:** 65222-999  
**Producer:** JOHNSON & HIGGINS  
**Address:** 125 BROAD STREET  
**City:** NEW YORK  
**State:** NY  
**Zip Code:** 10004-0000

## Policy Period (Item 2)

- **From:** MAY 21, 1997  
- **To:** MAY 21, 1998  
- **12:01 A.M. standard time at the address of the insured as stated.**

## Premium (Item 3)

- **Amount:** $8,750.00

## Limits of Insurance (Item 4)

- **Each Occurrence:** $5,000,000.
- **Products Completed Operations Aggregate:** $5,000,000.
- **Other Aggregate (where applicable):** $5,000,000.

## Underlying Limits of Insurance (Item 5)

- **Each Occurrence:** $115,000,000.
- **Aggregate (where applicable):** $115,000,000.

**Date Issued:** June 12, 1997  
**Form:** 07-02-0915 (Ed. 9/92) Declarations  
**Page:** 1 of 2