**Johnson & Higgins**
**Insurance Brokers - Average Adjusters**
**95 Wall Street, New York, N.Y. 10006**
**Tel.: (212) 482-2000**

**INTERNATIONAL BUSINESS MACHINES CORP**
**ATT: Mr. Richard Faron, INS Dept.**
**Armonk, NY 10504**

**Account No.:** 23055
**Insured No.:** 000
**Dept. No.:** 3
**Billing Date:** 06/017

**Reference No.:** 38961
**Policy No.:** 462016708
**Date of Insurance:** 05/217
**Premium:** $12,100.00

**Company:** CENTI. INS
**Excess:** 5,000
**UMBR LIAB:** 21,000,000
**Exc Of:** 19,000,000

**Johnson & Higgins**
**95 Wall Street, New York, N.Y. 10006**

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**38961**
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