# EXCESS/THIRD PARTY LIABILITY POLICY

**Policy Number:** 5721776
**Effective Date:** 5/21/77
**Expiration Date:** 5/20/78

**Insured:**
- **Name:** International Business Machines Corp.
- **Address:** Armonk, New York 10504 (See Endorsement)
- **Attorney:** Richard Caron
- **Insurance Dept.:** [Not specified]

**CNA Insurance**

**Continental Casualty Company**
- **National Fire Insurance Company**
- **American Casualty Company**
- **Trans Union Insurance Company**
- **Milley Forge Insurance Company**

**Policy Period:** [Not specified]
**Standard Time:** 12:01 A.M. STANDARD TIME
**At Any Place of the World Except as Stated Otherwise**
**Excluded States: None**

**Coverage:**
- **Limits of Liability:** The limit of the Company's liability shall be as stated below.
- **Column 1:** $2,000,000
- **Column 2:** $10,000,000
- **Column 3:** $20,000,000

**Coverage Each Occurrence:**
- **Each Person:** $2,000,000
- **Each Occurrence:** $2,000,000
- **Aggregates:** $2,000,000
- **Aggregates:** $2,000,000
- **Aggregates:** $2,000,000

**Premium Computation:**
- **Rate:** 9.615%
- **Estimated Premium:** $5,769

**Deposit Premium:** $5,769
**Effective Date:** [Not specified]
**Minimum Premium:** $5,769
**Policy Term:** [Not specified]
**Issuance:** [Not specified]

**Form Numbers of Endorsements Attached:** G-40284-E

**R. J. Anderson**
**Authorized Agent**

**Johnson & Higgins**
**Employed Securities**
**6 Wall St., New York, N.Y.**