# Certificate of Excess Insurance

**CENTENNIAL INSURANCE COMPANY**
45 Wall Street, New York, N.Y.

**CERTIFICATE NO:** 462-01-09-72

**IN CONSIDERATION OF THE PAYMENT OF THE PREMIUM AND SUBJECT TO THE DECLARATIONS, TERMS AND CONDITIONS HEREOF, THE COMPANY DOES HEREBY INSURE:**

## DECLARATIONS

### ITEM 1. NAMED INSURED:
- **INTERNATIONAL BUSINESS MACHINES CORP.**
- **P.O. ADDRESS:** ARMONK, NEW YORK 10504

### ITEM 2. CERTIFICATE PERIOD:
- **FROM:** 5/21/73
- **TO:** 5/21/76
- **12:01 A.M. Standard time at the address of the named insured as stated herein**

### ITEM 3. PREMIUM PAYABLE:
- **$ 17,500**
- **Total Premium At Inception Date**
- **Adjustable at a Rate of**
- **$ 17,500**
- **1st. Anniversary**
- **$ 17,500**
- **2nd. Anniversary**
- **Subject to Annual Minimum Premium $ 1,000**

### ITEM 4. UNDERLYING INSURANCE:
- **TWENTY MILLION ($20,000,000.) DOLLARS EXCESS OF PRIMARY INSURANCE OF FIVE HUNDRED THOUSAND ($500,000.) DOLLARS PER PERSON/ONE MILLION ($1,000,000.) DOLLARS PER OCCURRENCE BODILY INJURY LIABILITY AND ONE HUNDRED THOUSAND ($100,000.) DOLLARS PER OCCURRENCE/ONE HUNDRED THOUSAND ($100,000) DOLLARS ANNUAL AGGREGATE PROPERTY DAMAGE LIABILITY.**

### ITEM 5. DESCRIPTION OF COVERAGE – LIMITS OF LIABILITY HEREUNDER:
- **FIVE MILLION ($5,000,000.) DOLLARS PART OF TWENTY MILLION ($20,000,000.) DOLLARS IN EXCESS OF UNDERLYING INSURANCE.**

## PRODUCER:
- **JOHNSON & HIGGINS**

**DATE:** 4/30/73
**COUNTERSIGNED BY:** [Signature]
**AUTHORIZED SIGNATURE**

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