# Mission Insurance Company

**Los Angeles, California**

**Sayre & Toso, Inc.**
Underwriting Managers

**In favor of:**
International Business Machines Corporation, etal (as per endorsement #1)

**Address:**
Armonk, New York 10504

**Type of Coverage: EXCESS UMBRELLA LIABILITY**

**In the amount of:** $5,000,000 part of 45,000,000 excess of 130,000,000 excess of primary

**Term:**
Beginning at 12:01 AM on the 21st day of May 1978 and ending at 12:01 AM on the 21st day of May 1979.

Standard time at the place of location of risks insured, and in accordance with terms and conditions of the form(s) attached and the Standard Clauses on the reverse side of this page.

**Forms:**
At time of issuance this Policy contains a 2-page insuring form and endorsements 1 through 6 inclusive. Standard Clause 2 shall not apply.

**Mission Insurance Company, Los Angeles, California (hereinafter called the Company), agrees with the assured named above, in consideration of the premium to be paid and subject to the limits of liability, exclusions, conditions and other terms of this policy, to provide insurance as set forth in the form(s) and endorsement(s) attached.**

**Premium:**
- **Due:** At Inception
- **1st Anniversary:** $5,000.00
- **2nd Anniversary:** $5,000.00

| PREMIUM | $5,000.00 |
|---------|-----------|
| Service Fee | $ |
| Policy Fee | $ |
| TOTAL | $5,000.00 |

**IN WITNESS WHEREOF, this Company has executed and attended these presents; but this policy shall not be valid unless countersigned by SAYRE & TOSO, INC.**

**Dated at NEW YORK, NEW YORK this 15th day of JUNE, 1978.**

**SECRETARY:** [Signature]
**SAYRE & TOSO, INC.** [Seal]
**PRESIDENT:** [Signature]

**ORIGINAL POLICY**