# Excess Umbrella Policy

**Named Assured:** As stated in Item 1 of the Declarations forming a part hereof and/or subsidiary, associated, affiliated companies or owned and controlled companies as now or hereafter constituted and of which prompt notice has been given to the Company.

## Schedule

| **ITEM 1.** | **NAMED ASSURED** |
|-------------|-------------------|
| **ITEM 2.** | **Underlying Umbrella Policies:** |
| **ITEM 3.** | **Underlying Umbrella limits (Insuring Agreement II):** |
| **ITEM 4.** | **Underlying Umbrella Aggregate Limits (Insuring Agreement II):** |
| **ITEM 5.** | **Limit of Liability (Insuring Agreement II):** |
| **ITEM 6.** | **Aggregate Limit of Liability (Insuring Agreement II):** |
| **ITEM 7.** | **Notice of Occurrence (Conditions 4) to: C.V. Starr & Co.** |

## Insuring Agreements

### I. COVERAGE

The Company hereby agrees, subject to the limitations, terms and conditions hereinafter mentioned, to indemnify the Assured for all sums which the Assured shall be obligated to pay by reason of the liability:

- (a) imposed upon the Assured by law,
- (b) assumed under contract or agreement by the Named Assured and/or any officer, director, stockholder, partner or employee of the Named Assured while acting in his capacity as such,

for damages, direct or consequential and expenses on account of:
- (i) Personal injuries, including death at any time resulting therefrom,
- (ii) Property damage,
- (iii) Advertising liability,

caused by or arising out of each occurrence happening anywhere in the World, and arising out of the hazards covered by and as defined in the Underlying Umbrella Policies stated in Item 2 of the Declarations, (hereinafter called the "Underlying Umbrella Insurers").

### II. LIMIT OF LIABILITY - UNDERLYING LIMITS

It is expressly agreed that liability shall attach to the Company only after the Underlying Umbrella Insurers have paid or have been held liable to pay the full amount of their respective ultimate net loss liability as follows:

- $ (as stated in Item 3 of the Declarations) Ultimate net loss in respect of each occurrence, but
- $ (as stated in Item 4 of the Declarations) in the aggregate for each annual period during the currency of this Policy separately in respect of Products Liability and separately in respect of Personal Injury (fatal or non-fatal) by Occupational Disease sustained by any employees of the Assured.
- and the Company shall then be liable to pay only the excess thereof of up to a further
- $ (as stated in Item 5 of the Declarations) ultimate net loss in all in respect of each occurrence subject to a limit of
- $ (as stated in Item 6 of the Declarations) in the aggregate for each annual period during the currency of this Policy separately, in respect of Products Liability and separately in respect of Personal Injury (fatal or non-fatal) by Occupational Disease sustained by any employees of the Assured.

## Issued To: INTERNATIONAL BUSINESS MACHINES, ET AL

**Date:** JUNE 16, 1980

## Attached to and forming part of Policy No. 6480-2180

**Issuing Companies:**
- GRANITE STATE INSURANCE COMPANY
- NEW HAMPSHIRE INSURANCE COMPANY
- C.V. STARR & COMPANY
  Underwriting Managers

**By:** [Signature]