**The HOME Insurance Company**

**METROPOLITAN OFFICE, NEW YORK**

**ITEM 1. Insured's Name and Mailing Address**
- International Business Machine Corp.
- Armonk, New York 10504

**ITEM 2. PRIMARY OR UNDERLYING INSURANCE - DESCRIPTION OF COVERAGE**
- $38,000,000.00 of Various Excess Umbrella Layers which is excess of $2,000,000.00 First Layer Umbrella provided by the United States Fire Ins. Co. Policy No. (To Be Determined) which is in turn excess of various primary insurances on file with the Company.

**ITEM 3. EXCESS COVERAGE AFFORDED BY THIS POLICY**
- 25% or $10,000,000.00 part of 100% or $40,000,000.00 Umbrella Excess Liability Bodily Injury and Property Damage or both combined main occurrence and in the aggregate where applicable following terms, conditions and exclusions of the United States Fire Ins. Co. Policy No. (To Be Determined) and excess of the limits indicated in Item 2 above.

**ITEM 4. PREMIUM**
- $17,377.56 - U.S.
- Canada - See Endorsement No. 1

**In Witness Whereof, the said THE HOME INSURANCE COMPANY, NEW YORK has caused these Presents to be signed by its President and attested by its Secretary, in the City of New York, and this policy is made and accepted upon the above express conditions, but shall not be valid unless countersigned by a duly Authorized Representative of the Company at place of issue.**

**COUNTERSIGNED BY AUTHORIZED REPRESENTATIVE**
- **Senior Vice President**
- **Date: 5/18/75**

**Printed in U.S.A.**