HEC—9 79 17 42

The HOME Insurance Company
New York, N.Y.

**ITEM 1. Insured's Name and Mailing Address**
- International Business Machines Corp., etal.
  (As Per Endorsement #1)
- Armonk, New York

**Producer**
- Johnson & Higgins
  - Insurance Brokers
  - Employee Benefit Plan Consultants
  - 50 Wall St., New York, N.Y.
  - Producer No: 50138
  - OPC: 081
  - State: N.Y.
  - hs

**5/21/70** **5/21/73**
- Inception (Mo Day Yr)
- Expiration (Mo Day Yr)

**12:01 AM** Standard Time at the address of the Named Insured as stated herein

**ITEM 2. PRIMARY OR UNDERLYING INSURANCE — DESCRIPTION OF COVERAGE**

$89,700,000.00 Umbrella Liability as provided by Continental Casualty Co., American Home Assurance Co. and others excess of primary as per schedule on file with the Company.

**ITEM 3. EXCESS COVERAGE AFFORDED BY THIS POLICY**

$1,000,000.00 Umbrella Liability following the terms and conditions of Continental Casualty Company's Policy No. (to be advised) and American Home Assurance Company's Policy No. (to be advised) excess of the limits set forth under Item 2. above.

**ITEM 4. PREMIUM**

$1,453.31

In Witness Whereof, the said THE HOME INSURANCE COMPANY, NEW YORK has caused these Presents to be signed by its President and attested by its Secretary, in the City of New York, and this policy is made and accepted upon the above express conditions, but shall not be valid unless countersigned by a duly Authorized Representative of the Company at place of issue.

**Counter-signed by Authorized Representative:**
- A. J. Christison
- H0736(F) REV. 346
- PRINTED IN USA

**Vice President**
- John Wachman
- DATE: 5/27/70