# Zurich Insurance Company

## Declarations

**Item 1. Named Insured:**
- **International Business Machines Corporation**
- **Address:** Armonk, New York 10504

**Item 2. Policy Period:**
- (Herein called "This Policy Period")
- From: May 21, 1984 to May 21, 1985
- 12:01 A.M. Standard Time at the address of the insured as stated herein unless sooner terminated by any termination of the underlying insurance.

**Item 3. Coverage:**
- Excess Following Form Umbrella Liability

**Item 4. Schedule of Underlying Insurance:**
- The named insured declares that underlying insurance with limits equal to the amounts shown in Item 5, Column II below is in force with respect to coverage specified in Item 3, on the effective date of this policy.
- **Insurer:** Centennial Insurance
- **Policy Number:** 462-02-3954

**Item 5. Limits of Liability:**
- The limit of the company's liability shall be as stated herein, subject to all the terms of the policy having reference thereto.
- **Column I, Company Limits:**
  - $3,000,000 Each Occurrence
  - $3,000,000 Annual Aggregate
  - Part 50,000,000 Each Occurrence
  - OP: 50,000,000 Annual Aggregate
- **In Excess Of:**
  - **Column II, Underlying Limits:**
    - $80,000,000 Each Occurrence
    - $80,000,000 Annual Aggregate

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**Z 008505**