**New England Reinsurance Corporation**

**First State Underwriters Agency**

**Administrative Offices: 60 Batterymarch Street, Boston, Massachusetts 02110**

**Named Insured and Mailing Address**

- **International Business Machines Corporation, ETAL (See End't. #1)**
  - Old Orchard Road
  - Armonk, New York 10504

**Marathon**

**Item 1. Policy Period:**
- From: May 21, 1982
- To: May 21, 1985

**Item 2. Premium:**
- Advance Premium: $3,600.
- Rate: Flat
- Minimum Premium: $3,600.

If the Policy Period is more than one year and the premium is to be paid in installments, premium is payable on:
- Effective Date: $3,600.
- 1st Anniversary: $To be determined
- 2nd Anniversary: $To be determined

**Item 3. Coverage: EXCESS UMBRELLA LIABILITY**

**Item 4. Limits of Liability:**
The limit of the Company's liability shall be as stated herein, subject to all the terms of this Policy with reference thereto.
- $2,000,000 Combined Single Limit Bodily Injury and/or Property Damage Part of $21,000,000 Combined Single Limit Bodily Injury and/or Property Damage and in the agg. (where applicable) (Endt. #5)

**Item 5. Underlying Umbrella Insurer(s) and Policy Numbers:**
- Centennial Insurance Company and Other Various Companies
  - Policy Number: 462 02 39 54
  - Term: 5/21/82 to 5/21/85

**Item 6. Underlying Limits of Liability:**
$19,000,000

**Forms attached: E-48, CP/1, C-47**
**Date of Issue:** 6/16/82 bh

**No. 791710**
**Renewal of N.**

**Countersigned by:**
**The company located these documents in its business records at this time. The company does not certify that these documents constitute a complete and accurate copy of the policy.**