# Zurich Insurance Company

## Declarations

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

### Item 2. Policy Period:
- (Herein called "This Policy Period")
- From: May 21, 1986 to May 21, 1987
- 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:** 462-03-2271
- **Insurer:** Hartford
- **Policy Number:** 10XSG4445
- **Insurer:** St. Paul
- **Policy Number:** LC05517276
- **Insurer:** Aetna Cas
- **Policy Number:** 01XN6131
- **Insurer:** National Union
- **Policy Number:** 1991297

### 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:**
  - $2,000,000 each occurrence
  - Part 25,000,000 each occurrence
  - $2,000,000 annual aggregate
  - Part 25,000,000 annual aggregate
- **In Excess Of:**
  - **Column II, Underlying Limits:**
    - $25,000,000 each occurrence
    - $25,000,000 annual aggregate

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