# Reliance

## Policy of Excess Insurance

**Prior Policy Number:** NEA0109021  
**Policy Number:** NEA0109021

**Code Number of Company Providing a Stock Insurance Company, herein:** 1

**Notice of Claim:**
- **Notice shall be given to the insurer at the following address:**
  - **Reliance National Risk Specialists Claims Division**
  - **77 Water Street, New York, NY 10005**

**Broker Name and Address:**
- **Henry Ward Johnson & Co.**
- **30 Broad Street**
- **28th Floor**
- **New York, NY 10004**

### Declarations

#### Item 1 Named Insured (Hereinafter called the Insured)
- **IBM Corporation**
- **Street Location:** Old Orchard Road Mail Drop 230
- **Armonk, NY 10504**

#### Item 2 Policy Period
- **Effective Date:** 12:01 a.m., 5/21/97
- **Expiration Date:** 12:01 a.m., 5/21/98

#### Item 3 Policy Premium
- **Total Premium (Due at Inception):** $25,000.00 FLAT

#### Item 4 Description of Coverage
- **Excess Umbrella Liability**

#### Item 5 Underlying Insurance
(a) **Underlying Policy:**
- **National Union Fire Ins.**
- **Coverage:** Umbrella Liability
- **Policy Period:** 5/21/97 – 5/21/98
- **Policy Limit:** $25,000,000 EACH OCCURRENCE AND ANNUAL AGGREGATE WHERE APPLICABLE EXCESS OF UNDERLYING LIMITS.

(b) **Total limits of all underlying insurance including the underlying policy in excess of which this applies:**
- $60,000,000 EACH OCCURRENCE AND ANNUAL AGGREGATE WHERE APPLICABLE EXCESS OF UNDERLYING LIMITS.

#### Item 6 Limit(s) of the Company's Liability
- $10,000,000 PART OF $55,000,000 EACH OCCURRENCE AND ANNUAL AGGREGATE WHERE APPLICABLE EXCESS OF THE AMOUNT STATED IN ITEM 5(B) ABOVE.

#### Item 7 Form(s)/Endorsements
- SEE SCHEDULE PAGE (GU 207)

**IACO:**
- **Date:** 6/19/97
- **Countersigned By:** (Authorized Representative)
- **BROKER**