# INDEMNITY POLICY

## THE ÆTNA CASUALTY AND SURETY COMPANY
Hartford, Connecticut 06115
A stock insurance company, herein called "Ætna Casualty"

CONSIDERATION of the payment of the premium and subject to all of the terms of this policy, agrees with the Insured named in declarations as follows:

**POLICY NO:** 01 XII 3024 10A

**Section 1: DECLARATIONS**

**MED INSURED AND ADDRESS**
INTERNATIONAL BUSINESS MACHINE CORPORATION
ARMONK, NY 10504

**POLICY PERIOD:**
From 5-21-81 To 5-21-82
12:01 A.M. standard time at the address of Insured

**PREMIUM:**
Flat charge

**LIMITS OF LIABILITY:**
22.22% ($10,000,000 MAXIMUM) QUOTA SHARE OF $45,000,000 EACH OCCURRENCE
22.22% ($10,000,000 MAXIMUM) QUOTA SHARE OF $45,000,000 ANNUAL AGGREGATE WHERE APPLICABLE

**ENDORSEMENTS:** [Endorsements not shown]

**SEE ENDORSEMENT INDEX**

**Printed in U.S.A.**