**Form: DECLARATIONS**

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION

**Address:** ARMONK, NEW YORK 10504

**Policy Period:** 5/21/79 to 5/21/80

**Producer:** L. W. BIEGLER INC.

**Office Address:** 100 TH FLOOR-SEARS TOWER, 233 SOUTH WACKER DRIVE, CHICAGO, ILLINOIS 60606

**Insurers:**
- UNITED STATES FIRE INSURANCE COMPANY
- THE NORTH RIVER INSURANCE COMPANY
- WESTCHESTER FIRE INSURANCE COMPANY
- INTERNATIONAL INSURANCE COMPANY

**Crum & Forster Insurance Companies**

**Description and Location of Risk:**

**The limit of the company's liability shall be as stated herein, subject to all of the terms of this policy having reference thereto:**

| COVERAGE OR CONDITIONS | AMOUNT OF INSURANCE | PREMIUM |
|------------------------|---------------------|---------|
| EXCESS UMBRELLA LIABILITY | $10,000,000. PART OF $50,000,000. ANY ONE OCCURRENCE AND AGGREGATE EXCESS $80,000,000. ANY ONE OCCURRENCE AND AGGREGATE | $12,480.00 U.S. FUNDS $520.00 CANADIAN FUNDS |

**Forms Attached:**

SUBJECT TO THE MANUSCRIPT FORMS ATTACHED HERETO AND MADE A PART HEREOF, ANY PREPRINTED TERMS AND CONDITIONS ARE HEREBY DELETED TO THE EXTENT THAT THEY VARY FROM OR ARE INCONSISTENT WITH THE AFORESAID MANUSCRIPT FORMS.

**This policy is made and accepted subject to the foregoing provisions and stipulations and those hereinafter stated, which are hereby made a part of this policy, together with such other provisions, stipulations and agreements as may be added hereto, as provided in this policy.**

**DATE:** 8/15/79

**Counter-signed by:** [Signature]

**LWB-29 (11-72)**