# Zurich Insurance Company

## Policy Details

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

**(A Stock Insurance Company Herein Called The Company)**

Agrees with the insured named below in consideration of the payment of the premium and, except as herein provided, subject to all the terms and conditions of Policy No. 87-52-208 Issued by AMERICAN GUAR. & LIAB. INS. CO.

**TO:**
- **Item 1: Insured** - INTERNATIONAL BUSINESS MACHINES CORP., AND AS FURTHER ENUMERATED IN THE ABOVE DESCRIBED POLICY.
- **Address** - ARMONK, NEW YORK

**Item 2: Policy Period**
- From: MAY 21, 1976
- To: MAY 21, 1977 (12:01 a.m. standard time at the address of the insured as indicated herein.)

**Item 3: Coverage**
- Excess Following Form Umbrella Liability (Personal Injury Liability, Property Damage Liability and Advertising Liability) EXCLUDING DATA PROCESSING ERRORS AND OMISSIONS

**Item 4: Exceptions**
- This insurance differs from the policy which it follows in the following particulars:
  - (A) Rate: FLAT
  - (B) Proportion of risk insured:
    - $5,000,000 Each Occurrence Part $20,000,000 Each Occurrence
    - $5,000,000 Annual Aggregate* of: $20,000,000 Annual Aggregate
  - In excess of:
    - $20,000,000 Each Occurrence
    - $20,000,000 Annual Aggregate*
  - Which are excess of self-insured retentions and underlying insurances set out in the above described policy.
  - *As defined in the above described policy.

**C) Premium:** $10,000 Payable IN ADVANCE

**D) Other:** Subject to: Nuclear Exclusion Endorsement. Pollution Exclusion Endorsement.

**REN. OF:** 87 46 505
**Policy No.:** 88 13 622
**Agency:** JOHNSON & HIGGINS
**Agency No.:** 50-991-005

In witness whereof the Zurich Insurance Company has caused this policy to be signed by its United States Manager at Chicago, Illinois, but the same shall not be binding upon the Company unless countersigned by a duly authorized agent of the Company.

Countersigned on behalf of the Zurich Insurance Company

**DULY AUTHORIZED AGENT**

**United States Manager**