# Centennial Insurance Company Commercial Umbrella Policy

## Declarations
- **Policy Number:** 462-01-86-23
- **Named Insured:** International Business Machines Corporation, et al.
- **Address:** Armonk, N.Y.

## Policy Period
- From: 5/21/79
- To: 5/21/82

## Office Address
- Johnson & Higgins
- 95 Wall Street
- New York, New York

## Limit of Liability
- **Policy Limit:** $2,000,000 per occurrence
- **Aggregate Limit:** $2,000,000 where applicable
- **Retained Limit:** $10,000 per occurrence

## Premiums
- Three year term prepaid: $657,000
- Three year term installment basis on inception date: $219,000 on each anniversary
- Minimum retained premium: $10,000

## Form P
- Q5307B, G1690A (10)

## Schedule A of Underlying Insurance
| Type of Policy | Carrier, Policy Number and Policy Period | Applicable Limits |
|----------------|------------------------------------------|--------------------|
| (a) Comprehensive General Liability | Zurich Ins. Co., To Be Advised, 1/1/79 - 80 | Personal Injury Liability: $1,000,000 each occurrence |
| (b) Comprehensive Automobile Liability Owned, Non-Owned and Hired Vehicles | Zurich Ins. Co., To Be Advised, 1/1/79 - 80 | Bodily Injury Liability: $1,000,000 each person, $1,000,000 each occurrence |
| (c) Employers' Liability | Liberty Mutual, To Be Advised, 1/1/79 - 80 | Property Damage Liability: $100,000 each accident |
| (d) Aircraft Liability (Including Non-Ownership) | Associated Aviation, To Be Advised, 1/1/79 - 80 | Combined Single Limit B.I. & P.D.: $20,000,000 |

## Counter-signed by:
- C. Manfield