**NEW ENGLAND INSURANCE COMPANY**

Administrative Offices: 60 Batterymarch Street, Boston, Massachusetts 02110

**Named Insured and Mailing Address**

IBM
Corporate Headquarters
Armonk, New York 10504

**Item 1. Policy Period:** From May 21, 1987 To May 21, 1988 12:01 A.M., Standard Time at the address of the named Insured as stated herein.

**Item 2. Premium:**
- Advance Premium: $ 200,000.
- Rate: FLAT
- Minimum Premium: $ 200,000.
If the Policy Period is more than one year and the premium is to be paid in installments, premium is payable on:
- Effective Date: $ 
- 1st Anniversary: $
- 2nd Anniversary: $

**Item 3. Coverage:** EXCESS UMBRELLA LIABILITY

**Item 4. Limits of Liability:** The limit of the Company's liability shall be as stated herein, subject to all the terms of this Policy having reference thereto.
- $ 5,000,000. each occurrence / $ 5,000,000. aggregate where applicable P/O.
- $10,000,000. each occurrence / $10,000,000. aggregate where applicable

**Item 5. Underlying Umbrella Insurer(s) and Policy Numbers:**
- HARTFORD INSURANCE COMPANY
- Policy No.: To be advised

**Item 6. Underlying Limits of Liability:**
- $10,000,000. each occurrence / $10,000,000. aggregate where applicable

**Date of Issue:** 5/18/87

C-253-EG 12/85

The company located these documents in its business records. At this time, the company does not certify that these documents constitute a complete and accurate copy of the policy.