**AMERICAN RE-INSURANCE COMPANY**

(HEREIN CALLED THE INSURED)

ONE LIBERTY PLAZA * 91 LIBERTY STREET

NEW YORK, NEW YORK 10005

**CERTIFICATE OF EXCESS INSURANCE**

**Mr. Richard Michel**

**INTENSAI, INC. BUSINESS MACHINES**

**ATTORNEY** New York 10504

**Mailing Address:** M-1065-42

**Initial Gross Premium:** $4,800.00

**FUTURE INSTALLMENTS**

**COAL & IS**

**DESCRIPTION OF INSURANCE:** Excess Umbrella Liability.

**$130,000.00 each occurrence and annual aggregate where applicable, first layer umbrella provided by Centennial Insurance Company, Policy Number to be advised, excess of Primary Insurance.**

**$5,000,000.00 part of $15,000,000.00 each occurrence and annual aggregate where applicable, such amount to apply in excess of the Underlying Insurance as shown under Item 4 above.**

**DATE ISSUED:** 5/19/78

**Signature:**