# PACIFIC EMPLOYERS INSURANCE COMPANY
## CANADIAN DECLARATIONS

**Insured:**
- Johnson & Higgins
  - Address: 95 Wall Street, New York, N.Y., 10005
  - Agent: Johnson & Higgins, Willis Farber LTD.
    - Place Victoria, Suite 2300, Montreal, Quebec H4R 2E3
  - XCP 144043

**Named Insured & Address:**
- International Business Machines Corp.
  - Address: Armonk, New York, 10504
- IBM Canada Ltd.
  - Address: 1150 Eglinton East, Don Mills, Ontario

**Business of the Named Insured: Computer Mfg.**

**Policy Period:**
- From: 5/21/81
- To: 5/21/82
- 12:00 AM
- 12:00 NOON at the Named Insured's Address

**Premium Computation:**
- Description of Property, Coverages, including Limits of Liability:
  - Premium must be broken down by province.

1) $5,000,000 part of $50,000,000 excess of $80,000,000 excess of primary insurance.
2) $5,000,000 part of $45,000,000 excess of $130,000,000 excess of primary insurance.

**Signature:**
- Harry E. Hoyt
- President

**C-1573c Pld. In U.S.A.**
**INSURED'S COPY**