# Zurich Insurance Company

**Executive Offices**
111 West Jackson Boulevard
Chicago, Illinois 60604

**Policy No. Series W.C.**
89-28-463

**Item 1. Named Insured:**
International Business Machines Corporation, et al.

**Address:**
Armonk, New York 10504

**Item 2. Policy Period:**
(Herein called "This Policy Period")
From: 5-21-79 to 5-21-80 12:01 A.M.
Standard time at the address of the insured as stated herein unless sooner terminated by any termination of the underlying insurance

**Item 3. Coverage:**
Excess Umbrella Liability

**Item 4. Schedule of Underlying Insurance:**
The named insured declares that underlying insurance with limits equal to the amounts shown in Item 5, Column II below is in force with respect to coverage specified in Item 3, on the effective date of this policy.

| Insurer | Policy Number |
|---------|---------------|
| Centennial Insurance Co. | TBD |

**Item 5. Limits of Liability:**
The limit of the company's liability shall be as stated herein, subject to all the terms of the policy having reference thereto.

| Column I, Company Limits |
|--------------------------|
| $3,000,000 Each Occurrence |
| $3,000,000 Annual Aggregate |
| Part $50,000,000 Each Occurrence |
| Of: $50,000,000 Annual Aggregate |

**In Excess Of**

| Column II, Underlying Limits |
|-------------------------------|
| $1,000,000 Each Occurrence |
| $80,000,000 Annual Aggregate |

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