# EXCESS OVERLAYER INDEMNITY POLICY

**THE AETNA CASUALTY AND SURETY COMPANY**
Warford, Connecticut 06175
(a stock insurance company, herein called "Aetna Casualty")

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

## Section 1. DECLARATIONS

### NAMED INSURED AND ADDRESS
INTERNATIONAL BUSINESS MACHINES (IBM)
ARMONK, N.Y. 10504

### LIMITS OF LIABILITY:
- $25M ($10,000,000 MAXIMUM): ECTA SHARE OF $40,000,000 EACH OCCURRENCE
- $25M ($10,000,000 MAXIMUM): ECTA SHARE OF $40,000,000 ANNUAL AGGREGATE WHERE APPLICABLE

## ENDORSEMENTS:
1. Broad Form Nuclear Energy Exclusion, Form No. 13113-A
2. EXCLUSION-CONTAMINATION OR POLLUTION-MU 13395
3. AMENDMENT OF DISCRIMINATION COVERAGE- MU 13396
4. IMPEX INSURED
5. AMENDED DEFINITIONS
6. DATA PROCESSORS' ERRORS & OMISSIONS- EXCLUSIONS
7. INTERPRETING ENDORSEMENT- DATA PROCESSING
8. CANCELLATION NOTICE AMENDED
9. EXCLUSION OF CANADIAN COVERABLE

### POLICY NO.: 012M 1020 VCA
### POLICY PERIOD:
From 01/21/76 To 01/21/77
12:01 A.M., standard time at the address of Insured

### PREMIUM:
- Flat charge
- Adjustable at a rate of
  - per $____ of _______
Minimum Premium _________
Total Advance Premium $ 11,520
3 Year Policy Installments
1st Anniversary _________
2nd Anniversary _________