# Zurich International Ltd.

**Policy No. 73,389-86-C**

## DECLARATIONS

### Item 1. Named Insured and Address:
- **International Business Machines Corporation**
- (See Endorsement #1)
- **Armonk, New York**

### Item 2. Policy Period:
- From: **May 21, 1986**
- To: **May 21, 1987**
- 12:01 A.M.
- Standard time at the address of the named insured as stated herein, unless sooner cancelled in accordance with Condition 9 herein.

### Item 3. Premium:
- **$87,500**

### Item 4. The limits of the Company's liability (in currency per Item 3) are:
- a) **$2,500,000 each occurrence; in the aggregate per annual policy period where applicable.**
- b) **$25,000,000 part of each occurrence; in the aggregate per annual policy period where applicable.**

### Item 5. The limits of the Company's liability apply in excess of the following limits of liability (in currency per Item 3) of underlying insurance:
- **$25,000,000 each occurrence; in the aggregate per annual policy period where applicable.**
- which may be in turn excess of various underlying limits or self-insured amounts specified in the governing underlying insurance policy.

### Item 6. The governing underlying insurance policy is:
- **Policy No. 1991797**
- **Name of issuing company:** National Union Fire Insurance Co. of Pittsburgh
- **Type of insurance:** Excess Liability
- **Policy term:** May 21, 1986 to May 21, 1987

### Item 7. Unless otherwise stated herein:
- a) No part of the underlying insurance or co-insurance is on what is commonly known as a 'claims made' basis;
- b) No part of the limits of liability of underlying insurance includes costs;
- c) No underlying insurance policy nor any co-insurance policy contains exclusions not found in or more restrictive from the viewpoint of the named insured than in the governing underlying insurance policy;

### Item 8. Endorsements which are part of this policy at inception:
- Governing Q.S. Insurance Amendment
- Absolute Asbestos Exclusion

Countersigned by (Authorized Representative)

**ZURICH AMERICAN INSURANCE GROUP**
Attorney for service of suit per Condition 10
46 Wall Street, 15th Floor, New York, N.Y. 10005
Z 008765