# EXCESS UMBRELLA POLICY DECLARATIONS

**INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL (AS PER ENDORSEMENT #1)**
**CENTENNIAL INSURANCE COMPANY AND VARIOUS AS PER SCHEDULE OF UNDERLYING ON FILE WITH COMPANY.**

**ITEM 1: Insuring Umbrella Limits (Insuring Agreement II): 130,000,000**

**ITEM 2: Insuring Umbrella Aggregate Limits (Insuring Agreement II): 130,000,000**

**ITEM 5: Limit of Liability (Insuring Agreement II): 5,000,000 PART OF 45,000,000**

**ITEM 6: Aggregate Limit of Liability (Insuring Agreement II): 5,000,000 PART OF 45,000,000**

**ITEM 7: Notice of Occurrence (Condition 4) to: Sayre & Toso, Inc.**

**Named Assured:** As stated in Item 1 of the Declarations forming a part hereof and/or subsidiary, associated, affiliated companies or owned and controlled companies, as now or hereafter constituted and of which prompt notice has been given to Underwriters (hereinafter called the "Named Assured").

## INSURING AGREEMENTS

### 1. COVERAGE

Underwriters hereby agree, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Assured for all sums which the Assured shall be obligated to pay by reason of the liability

- (a) imposed upon the Assured by law,
- (b) assumed under contract or agreement by the Named Assured and/or any officer, director, stockholder, partner or employee of the Named Assured, while acting in his capacity as such,

for damages on account of:

- (i) Personal Injuries
- (ii) Property Damage
- (iii) Advertising Liability.

caused by or arising out of each occurrence happening anywhere in the world, and arising out of the hazards covered by and as defined in the Underlying Umbrella Policy(ies) stated in Item 2 of the Declarations and issued by certain Insurance Companies (hereinafter called the "Underlying Umbrella Insurers").

Said insurance is made and accepted subject to the foregoing stipulations and conditions, and to the stipulations and conditions printed on pages 1 and 2 of this form, which are hereby made a part of said insurance, together with such other provisions, stipulations and conditions as may be endorsed on said Policy or added thereto as therein provided.

**Attached to and forming Part of Policy No. M843086 OF THE MISSION INSURANCE COMPANY ISSUED TO INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL (AS PER ENDORSEMENT #1)**

**DATED AT NEW YORK, NEW YORK**

**15TH day of JUNE, 1978**

**BY: Robert J. Mannon**