**NATIONAL UNION FIRE INSURANCE COMPANY**

**OF PITTSBURGH, PA.**

**POLICY NO:** 1225407

**M/C:** 913-3-7
**Sub. Prod.:** 1875
**Comm.:** 10%

**The Company agrees to the Insured named below, in consideration of the premium paid and subject to all the terms and conditions set forth below that the insurance afforded by this policy shall allow all the terms and conditions of Policy Number 462 018023 issued by Centennial Insurance Co., including all renewals and reissues thereof.**

**NAMED INSURED:** International Business Machine Corp.
(See Endorsement #1)

**ADDRESS:** Armonk, New York 10506

**POLICY PERIOD:** May 21, 1979 to May 21, 1980 - 12:01 A.M. Standard Time at the address of the above Insured.

**COVERAGE:** Excess Following Form Umbrella Liability.

**LIMIT OF LIABILITY:** (See Endorsement #2)

**PREMIUM:** $205,349. - 1 Year

**RATE:** First

**IN WITNESS WHEREOF, the Company has caused this policy to be signed by its President and Secretary at New York, New York and countersigned by a duly authorized representative of the Company.**

**Marvin E. Fajen**
**SECRETARY**

**Ed Dickinson**
**PRESIDENT**

**Countersigned by:**
**Authorized Rep. (notarized)**

**May 21, 1979**

**BRANCH:** [Not specified]
**CODING CODE:** [Not specified]

**[Note: This is an official document and should not be altered or returned.]**