# DECLARATIONS

Attached to and forming part of Certificate of Excess Reinsurance No. NSX-6194

## Item 1. INSURED:
International Business Machines Corporation, I.B.M., World Trade Corp., The Service Bureau Corp., and any other subsidiary or affiliated corporation of each provided such other subsidiary or affiliated corporation warrants that it is under the same operative and financial control through the identity of its officers, directors or stockholders.

**ADDRESS:** 590 Madison Avenue, New York, N.Y.

## Item 2. UNDERLYING INSURANCE:
See Schedule Attached

## Item 3. LIMIT(S) OF COVERAGE HEREUNDER:
Umbrella Liability (Excluding Errors & Omissions) $4,700,000 in excess of the limits as indicated in the Schedule under Item 2 above

## Item 4. PREMIUM:
$4,700.00 flat charge

## Item 5. CANCELLATION:
Thirty Days

## Item 6. PERIOD OF COVERAGE HEREUNDER:
From May 21, 1967 to May 21, 1970, both days at 12:01 AM, Local Standard Time.