**MIDWESTERN RISK**
Avreco
200 W Monro
Chicago, IL 60606
Comm: 15%

**Cover Note**

CN. NO.: GC 550 18 52

**ISSUED BY:** MIDWESTERN RISK SPECIALISTS, INC. AT THEIR OFFICES
**LOCATED AT:** CHICAGO, ILLINOIS
**THE 23rd DAY OF MAY, 1977**

**THIS IS TO CERTIFY THAT THE FOLLOWING INSURANCE HAS BEEN EFFECTED FOR YOUR ACCOUNT SUBJECT TO THE TERMS AND CONDITIONS CONTAINED HEREIN.**

**INSURED WITH:** Lexington Insurance Company
**INSURED:** INTERNATIONAL BUSINESS MACHINES

**TERM:** ONE YEAR
**EFFECTIVE DATE:** May 20, 1977
**EXPIRATION DATE:** May 20, 1978

**LIMIT OF LIABILITY:** $2,000,000 CSL and in the aggregate where applicable part of $21,000,000 CSL and in the aggregate where applicable excess of $19,000,000 CSL and in the aggregate where applicable excess of primary.

**RATE AND PREMIUM:** $5,000.00

**COVERING ON:** Excess Umbrella Liability

**LOCATION:** New York, New York

**TO COVER AGAINST LOSS BY:** Casualty

**IMPORTANT**
THIS INSURANCE CANNOT BE CANCELLED FLAT. EARNED PREMIUM MUST BE PAID FOR THE TIME INSURANCE HAS BEEN IN FORCE.

**TERMS AND CONDITIONS:**
A. TOTAL PREMIUM DUE WITHIN FORTY-FIVE DAYS OF THE EFFECTIVE DATE OF COVERAGE.
B. Endorse: War Risk, Nuclear Energy Liability, Service of Suit.
Exclude: Punitive Damages, Pollution, except Barge Accidentally DGO, ERISA, Aircraft Products Liability.

**AUTHORIZED REPRESENTATIVE**

**GLOSINGS**
**SEN**
**S.**
**S.**
**RS-9000**
**HOME OFFICE**