# COMMERCIAL UMBRELLA DECLARATIONS

**NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.**

**A CAPITAL STOCK COMPANY**

**ADMINISTRATIVE OFFICES**

70 PINE STREET, NEW YORK, N.Y. 10270-0150

**POLICY NUMBER:** BE 739 47 27
**RENEWAL OF:** BE 701 41 56

**PRODUCER NAME:** Marsh Global Broking
**ADDRESS:** 1166 Avenue of the Americas, 41st Floor New York, New York 10036

**ITEM 1. NAMED INSURED:** International Business Machines Corporation
**ADDRESS:** 1133 Westchester Avenue White Plains, New York 10604

**ITEM 2. POLICY PERIOD:** FROM: MAY 21, 2000 TO: MAY 21, 2002 AT 12:01 A.M. STANDARD TIME AT THE ADDRESS OF THE NAMED INSURED SHOWN ABOVE.

**ITEM 3. LIMITS OF INSURANCE**

The Limits of Insurance, subject to all the terms of this policy, are:

A. $50,000,000 Each Occurrence
B. $50,000,000 General Aggregate (in accordance with Section III, Limits of Insurance)
C. $50,000,000 Products-Completed Operations Aggregate (in accordance with Section III, Limits of Insurance)
D. $10,000 Self Insured Retention

**ITEM 4. PREMIUM COMPUTATION**

ESTIMATED EXPOSURE RATE/ PER N/A FLAT ADVANCE PREMIUM MINIMUM PREMIUM $1,188,000 $1,188,000 JUN 16 2000

**ITEM 5. ENDORSEMENTS ATTACHED:** See Attached Schedule

**COUNTERSIGNED:** BY AUTHORIZED REPRESENTATIVE

**DATE:** 57696(6/93)

**NOTICE:** THESE POLICY FORMS AND THE APPLICABLE RATES ARE EXEMPT FROM THE FILING REQUIREMENTS OF THE NEW YORK STATE INSURANCE DEPARTMENT. HOWEVER, SUCH FORMS AND RATES MUST MEET THE MINIMUM STANDARDS OF THE NEW YORK INSURANCE DEPARTMENT.