# EXCESS UMBRELLA POLICY

**Named Assured:** As stated in Item 1 of the Declarations forming a part hereof and/or subsidiary, associated, affiliated companies or owned and controlled companies as now or hereafter constituted and of which prompt notice has been given to the Company.

## SCHEDULE

| ITEM 1. | NAMED ASSURED | INTERNATIONAL BUSINESS MACHINES, ET AL |
|---------|---------------|---------------------------------------|
| ITEM 2. | Underlying Umbrella Policies: | CENTENNIAL INSURANCE COMPANY, AND OTHER DOMESTIC COMPANIES |
| ITEM 3. | Underlying Umbrella limits (Insuring Agreement II): | $200,000,000. |
| ITEM 4. | Underlying Umbrella Aggregate Limits (Insuring Agreement II): | $200,000,000. |
| ITEM 5. | Limit of Liability (Insuring Agreement II): | $7,000,000. PART OF $50,000,000. |
| ITEM 6. | Aggregate Limit of Liability (Insuring Agreement II): | $7,000,000. PART OF $50,000,000. |
| ITEM 7. | Notice of Occurrence (Conditions 4) to: | Pacific Starr of New York, Inc. |
|         |         | 99 John Street |
|         |         | New York, New York 10038 |

## INSURING AGREEMENTS

### I. COVERAGE

The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Assured for all sums which the Assured shall be obligated to pay by reason of the liability:

- (a) imposed upon the Assured by law,
- (b) assumed under contract or agreement by the Named Assured and/or any officer, director, stockholder, partner or employee of the Named Assured while acting in his capacity as such.

for damages, direct or consequential and expenses on account of:
- (i) Personal injuries, including death at any time resulting therefrom,
- (ii) Property damage,
- (iii) Advertising liability,

caused by or arising out of each occurrence happening anywhere in the World, and arising out of the hazards covered by and as defined in the Underlying Umbrella Policies stated in Item 2 of the Schedule, (hereinafter called the "Underlying Umbrella Insurers").

Attached to and forming part of Policy No. 6683-5605

Issued to: INTERNATIONAL BUSINESS MACHINES, ET AL
Dated: MAY 17, 1983

**P-431-PSNY**

**Granite State Insurance Company**
**New Hampshire Insurance Company**
**Pacific Starr of New York, Inc.**
**Underwriting Managers**