# National Union Fire Insurance Company of Pittsburgh, PA

**Administrative Office**
70 Pine Street
New York, N.Y. 10005

**Policy No:** 9603117

The Company agrees with the named below, in consideration of the premium paid and subject to all the terms and conditions set forth below that the insurance afforded by this policy shall follow all the terms and conditions of Policy Number [to be advised], issued by CENTENNIAL INSURANCE COMPANY including all renewals and rewrites thereof.

**NAMED INSURED:**
INTERNATIONAL BUSINESS MACHINES CORP.
(SEE EQUIPMENT #1)

**ADDRESS:**
ARLON, NEW YORK 10504

**POLICY PERIOD:**
MAY 21, 1982 TO MAY 21, 1983 12:01 A.M. STANDARD TIME AT THE ADDRESS OF THE ABOVE NAMED INSURED.

**COVERAGE:**
EXCESS FOLLOWING FORM UMBRELLA LIABILITY

**LIMIT OF LIABILITY:**
(See Endorsement #2)

**PREMIUM:**
$154,975, 1 YEAR

**RATE:**
1.5%

IN WITNESS WHEREOF, the Company has caused this policy to be signed by its President and Secretary at New York, New York and countersigned by a duly authorized representative of the Company.

**Secretary:**
Marion E. Taylor

**President:**
[Signature]

Countersigned by:
[Signature]
Authorized Representative

**Reinsurance Closings**

**Date:** May 18, 1982