# Zurich International Ltd.

**P.O. Box HM 2268**
**Reid House, 31 Church St., Hamilton, Bermuda HM JX**

**Phone:** (809) 292-8155
**Telex:** 3669 ZIB BA
**Fax:** (809) 292-7368

**May 28 1987**

**Johnson & Higgins Intermediaries**
**P.O. Box HM 68**
**Hamilton HM AX**
**Bermuda**

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**INVOICE**

Please remit payment within 30 days to:

**Bank of Bermuda Limited, Hamilton, Bermuda for credit to Zurich International Ltd., Account # 1010-399,373**

**Your Reference:**
**ZIB Reference:** 73,966-87-C

**Insured:** International Business Machines
**Re-Insured:** Direct
**Coverage:** Excess Umbrella Liability
**Period:** May 21, 1987 to May 21, 1988
**Limit of Liability:** $2,500,000 P/O $25,000,000 XS $55,000,000

**Gross Premium:** $25,000
**Less Commission (15%):** 3,750
**Less Tax:** ( )
**Net Premium Due:** $21,250

cc: Accounts Dept.
Z 008758