**PRODUCT NUMBER:** 170496 * 100
**DATE OF ISSUE:** 6/24/80
**RENEWAL OR REPLACEMENT NO.:** NEW

**Item 1: DECLARATIONS**
- **Named Insured:** JU 0847
- **Address:** INTERNATIONAL BUSINESS MACHINES CORP., ARMONK, NEW YORK 10504

**Item 2: Policy Period**
- **From:** 5/21/80
- **To:** 5/21/81

**Producer:**
- **Agent or Broker:** L. W. BIEGLER INC.
- **Office Address:** 100TH FLOOR-SEARS TOWER 233 SOUTH WACKER DRIVE CHICAGO, ILLINOIS 60606

**Description and Location of Risk**

**The limit of the company's liability shall be as stated herein, subject to all of the terms of this policy having reference thereto.**

| COVERAGE OR CONDITIONS | AMOUNT OF ASSURANCE |
|------------------------|---------------------|
| EXCESS UMBRELLA LIABILITY | $10,000,000. PART OF $50,000,000. ANY ONE OCCURRENCE AND AGGREGATE EXCESS $80,000,000. ANY ONE OCCURRENCE AND AGGREGATE | $12,095.00 U.S. FUNDS $ 405.00 CANADIAN FUNDS |

**Forms Attached:**
SUBJECT TO THE MANUSCRIPT FORMS ATTACHED HERETO AND MADE A PART HEREOF, ANY PREPRINTED TERMS AND CONDITIONS ARE HEREBY DELETED TO THE EXTENT THAT THEY VARY FROM OR ARE INCORRECT WITH THE AFORESAID MANUSCRIPT FORMS.

**This policy is made and accepted subject to the foregoing provisions and stipulations and those hereinafter stated, which are hereby made a part of this policy together with such other provisions, stipulations and agreements as may be added hereto, as provided in this policy.**

**DATE:** 6/24/80
**Countersigned by:** L. W. Bieglar
**Authorized Representative**

LWB-26 (11-72)