**NEW ENGLAND INSURANCE COMPANY**

Administrative Offices: 80 Batterymarch Street, Boston, Massachusetts 02110

**Named Insured and Mailing Address**

- **INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL**
  - Old Orchard Road
  - Armonk, New York 10504

**Item 1. Policy Period:**
- From May 21, 1984
- To May 21, 1985
- 12:01 A.M., Standard Time at the address of the named Insured as stated herein.

**Item 2. Premium:**
- Advance Premium: $9,000.
- Rate: Flat
- Minimum Premium: $9,000.
- If the Policy Period is more than one year and the premium is to be paid in installments, premium is payable on:
  - Effective Date: $---
  - 1st Anniversary: $---
  - 2nd Anniversary: $---

**Item 3. Coverage:**
- EXCESS UMBRELLA LIABILITY

**Item 4. Limits of Liability:**
- The limit of the Company's liability shall be as stated herein, subject to all the terms of this Policy having reference thereto.
- $9,000,000. Combined Single Limit Personal Injury and/or Property Damage each occurrence and in the aggregate where applicable Part of $70,000,000. Combined Single Limit Personal Injury and/or Property Damage each occurrence and in the aggregate where applicable.

**Item 5. Underlying Umbrella Insurer(s) and Policy Numbers:**
- Centennial Insurance Company and Other Various Companies
- Policy Number: To Be Advised
- Term: To Be Advised

**Item 6. Underlying Limits of Liability:**
- $130 (Endt #2)
- $30,000,000. Combined Single Limit Personal Injury and/or Property Damage each occurrence and in the aggregate where applicable.

**Attached Forms:**
- E-48

**Date of Issue:** 5-24-84/ai

**C-253-EG 1/84**