HEC 9 82 05 23

**CITY INSURANCE COMPANY**
Short Hills, New Jersey

**ITEM 1. Insured's Name and Mailing Address**
International Business Machines Corp., Etal (See Endt. No. 1)
Armonk, N.Y. 10504

**ITEM 2. PRIMARY OR UNDERLYING INSURANCE - DESCRIPTION OF COVERAGE**
$130,000,000.00 Umbrella Liability Bodily Injury, Property Damage or both combined Each Occurrence and in the Aggregate where applicable as more fully described by Centennial Ins. Co. Policy No. 462018623, in turn excess of Underlying Insurances as per the Company.

**ITEM 3. EXCESS COVERAGE AFFORDED BY THIS POLICY**
$5,000,000.00 P/O $45,000,000.00 Bodily Injury, Property Damage, or both combined Each Occurrence and in the Aggregate where applicable following the Terms, Conditions, Exclusions and Limitations of Centennial Ins. Co. Policy No. 462018623 Excess of the Limits set forth in Item 2. above.

**ITEM 4. PREMIUM**
$4,838.00

In Witness Whereof, the said CITY INSURANCE COMPANY, Short Hills, New Jersey, has caused these Presents to be signed by its President and attested by its Secretary at its Executive Office located 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.
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This document appears to be an insurance policy from City Insurance Company, detailing coverage limits, premium, and other relevant information.