Johnson & Higgins 000208

C. NELSON
Excess & Surplus Lines

**CONTINENTAL CASUALTY COMPANY**
CLASS CODE - 3142
SUBLINE - 9 Chicago, Illinois
INCORPORATED BY THE STATE OF ILLINOIS AS A STOCK COMPANY
HEREINAFTER CALLED THE COMPANY
CLASS CODE-3142
SUBLINE-9 UMBRELLA EXCESS THIRD PARTY LIABILITY POLICY

**DECLARATIONS**
Policy No. RDU 9433466

Item 1. Named Insured: International Business Machines Corp. and as per End't.
P. O. Address: Armonk, New York

Item 2. Policy Period: From November 1, 1964 To November 1, 1967 (12:01 A.M. Standard Time at the address of the Insured stated above)

Item 3. Limit 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
(A) $2,000,000 Single Limit any one occurrence combined Personal Injury and/or Property Damage and/or Advertising Liability
in excess of
(1) the amount recoverable under the underlying insurance as set out in the attached schedule
08-03 N. Y. - METRO.
(2) $25,000.00 ultimate net loss in respect of each occurrence not covered by said underlying insurance.
(B) $2,000,000 in the aggregate for each annual period in accordance with Insuring Agreement 2 (c)

Item 4. Premium Computation:
Premium Basis Estimated Exposure Rate Estimated Premium
Payroll $2,000,000,000.00 .00122 per $100. of Payroll 24,262.75
Deposit Premium $24,262.75 Minimum Premium $24,262.75 Audit Period Annual

Date of Issue 8/17/65 CMS NYD Countersigned by Licensed Resident Agent
Pl-40102-A