# 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 | INTERNATIONAL BUSINESS MACHINES, ET AL |
|---------|---------------|---------------------------------------|
| ITEM 2. | Underlying Umbrella Policies: | CENTENNIAL INSURANCE COMPANY, AND OTHER DOMESTIC COMPANIES |
| ITEM 3. | Underlying Umbrella limits (Insuring Agreement II): | $130,000,000. |
| ITEM 4. | Underlying Umbrella Aggregate Limits (Insuring Agreement II): | $130,000,000. |
| ITEM 5. | Limit of Liability (Insuring Agreement II): | $ 5,000,000. PART OF $70,000,000. |
| ITEM 6. | Aggregate Limit of Liability (Insuring Agreement II): | $ 5,000,000. PART OF $70,000,000. |
| ITEM 7. | Notice of Occurrence (Conditions 4) to: | Pacific Starr of New York, Inc. |
|         |         | 99 John Street |
|         |         | New York, New York 10038 |

## 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.

Attached to and forming part of Policy No. 6483-5604

Issued to: INTERNATIONAL BUSINESS MACHINES, ET AL  
Dated: MAY 17, 1983

## UNDERWRITING MANAGERS

- GRANITE STATE INSURANCE COMPANY
- NEW HAMPSHIRE INSURANCE COMPANY
- PACIFIC STARR OF NEW YORK, INC.