**EXCESS THIRD PARTY LIABILITY POLICY**

**Policy Number:** 10123
**Policy Period:** 5/21/77 - 5/21/78

**Insured:**
- **Name:** International Business Machines Corp.
- **Address:** Armonk, New York 10504 (See Endor #3)
- **Agent:** Mr. Richard Farone
- **Insurance Dept.:** [Not fully visible]

**Insurer:**
- **Name:** CNA Insurance Co.

**Covered Insurers:**
- Continental Casualty Company
- National Fire Insurance Company
- American Casualty Company of Reading, PA
- Transportation Insurance Company
- Transcontinental Insurance Company
- Valley Forge Insurance Company

**Policy Period (hereinafter called "this policy period"):**
- 12:01 A.M., STANDARD TIME, ON THE DATE OF ISSUANCE AT THE ADDRESS OF THE INSURED AS STATED HEREIN.

**Schedule of Underlying Insurance:**
- Insurer: [Not fully visible]
- Policy Number: [Not fully visible]

**Limits 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.

| Column I | Column II | Column III |
|----------|-----------|------------|
| [Not fully visible] | [Not fully visible] | [Not fully visible] |

**Premium Computation:**
- **Flat Charge for Policy Period:** $4,840
- **Deposit Premium:** $4,840
- **Maximum Premium:** $4,840
- **Audit Period:** NONE

**Form numbers or endorsement attached at issuance:** See Endor #1

**Signature:** [Not fully visible]