# DECLARATIONS

**POLICY NO.** EY-8154-016

**ITEM 1. NAMED INSURED:**
International Business Machines Corporation
As per End. #1
Armonk, New York

**ITEM 2. UNDERLYING UMBRELLA POLICIES:**
Various

**ITEM 3. UNDERLYING UMBRELLA LIMITS (Insuring Agreement II):**
U.S. $92,700,000.00

**ITEM 4. UNDERLYING UMBRELLA AGGREGATE LIMITS (Insuring Agreement II):**
U.S. $92,700,000.00

**ITEM 5. LIMIT OF LIABILITY (Insuring Agreement II):**
U.S. $17,300,000.00

**ITEM 6. AGGREGATE LIMIT OF LIABILITY (Insuring Agreement II):**
U.S. $17,300,000.00

**ITEM 7. NOTICE OF OCCURRENCE (CONDITION 4) TO:**
The company or any of its Authorized Representatives

**ITEM 8. PERIOD OF INSURANCE:**
From May 21, 1970 to May 21, 1973 both days at 12:01 A.M.
standard time at the address of the Named Insured.

**ITEM 9. PREMIUM:**
U.S. $20,760.00

Countersigned
Authorized Agent

11/6/70 nf