**INTERNATIONAL BUSINESS MACHINES**
(show name for 9/10/70 WTB)
ARMONK, NEW YORK 10504

**COV - EXCESS UMBRELLA**
EFF: 5/21/70 - 5/21/73
PREMIUM: $1800.00
LIMIT: $1,000,000 x/s $142,000,000

**FIRST UMB - 2,000,000 CO + POL# TBA**
plus 140,000,000 various Co's & pol#'s

**L/EY** 1,000,000 x/s 142,000,000

**Endorse - eff 5/1/70**
In consideration of the premium for which this policy is written, it is understood and agreed that such insurance as is afforded by this policy shall not apply to any error or omission, malpractice or mistake of a professional nature committed or alleged to have been committed by or on behalf of the insured in the conduct of the insured's business activities.