**No. 923921**
924669
Renewal of No.

**DECLARATIONS — SPECIAL COVERAGE POLICY**

**FIRST STATE INSURANCE COMPANY**
WILMINGTON, DELAWARE
Administrative Offices: 60 Batterymarch Street, Boston, Massachusetts 02110

**Named Insured and Mailing Address**
INTERNATIONAL BUSINESS MACHINES, INC.
IBM
Old Orchard Road
Armonk, New York 10504

(See End #7)
Entered 5/31
Renewed 9/78 5/30

**Item 1. Policy Period:** From May 21, 1978 To May 21, 1979
12:01 A.M., Standard Time at the address of the named Insured as stated herein.

**Item 2. Premium:**
Advance Premium: $ 6,000.
Rate: Flat
Minimum Premium: $ 6,000.
If the Policy Period is more than one year and the premium is to be paid in installments, premium is payable on:
Effective Date 1st Anniversary 2nd Anniversary
$ ---- $ ---- $ ----

**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 having 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.

**Item 5.** During the past three years no insurer has cancelled insurance issued to the named insured, similar to that afforded hereunder, unless otherwise stated herein.

Countersigned by: Tobon & Bu 6/6/78

Date of Issue 5/25/78 az

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.
C-140