# Insurance Company of North America

**CERTIFICATE OF EXCESS INSURANCE NO.: XBC 1536**

**New Line**

**Certificate of excess insurance issued by INSURANCE COMPANY OF NORTH AMERICA (herein called the company) to:**

- **Name:** International Business Machines Corp., et al.
- **Address:** Armonk, New York

**A. WHEREAS, See Endorsement No. 2 issued to the insured a policy(ies) of insurance Type of Policy**

**Basis, is/are herein called the primary carrier(s)) has/have Endorsement No. 2 Policy Period**

**Description of Coverage**

| COLUMN I | COLUMN II | COLUMN III |
|----------|-----------|------------|
| Primary Insurance | Limits & Application | Excess Limits | Total Limits |
| Umbrella Liability | Total Limit of Liability | $5,000,000. | $135,000,000. Plus Primary Underliers (See Endorsement No. 2) |
| $130,000,000 combined single limit of Bodily Injury and/or Property Damage Liability per occurrence plus Primary Underliers. (See Endorsement No. 2) |

**With respect to each coverage, the bodily injury limit applicable per accident is subject to the limit specified as applicable to each person. There is no limit to the number of accidents for which claims may be brought hereunder, provided such accidents occur during the term of this certificate, except as provided by aggregate limits which, when inserted in Column II, apply to all accidents during each certificate year.**

**B. NOW, this certificate is further to indemnify the insured, in accordance with the applicable insuring agreements of the primary insurance, against excess loss as specified in Column II above, as fully and to all intents and purposes as though the primary insurance, including any endorsements issued to form a part thereof, had been issued for the limits set forth in Column III above, and as though the company had assumed and insured the upper limits of the primary insurance, to wit: the amounts specified in Column II which apply in excess of the amounts specified in Column I.**

**C. The premium due the company upon acceptance of this certificate shall be $4,100. computed as follows:**

**Fixed Charge of $5,000. for 3 Yr. Period - Pro Rated For Policy Period - $4,100.**

**Minimum Annual Premium $ Minimum Premium $750.00**

*(Fixed premiums, subject to applicable minimum premiums, shall not be subject to adjustment except in the event of cancellation of this certificate. Copies of audits of premiums earned under the primary insurance shall also be given to the company insofar as such audits relate to the premium for this certificate.)*

**D. Notwithstanding anything in this certificate or the primary insurance to the contrary, it is agreed that:**