**Employers Commercial Union Insurance Company of America**

Boston, Massachusetts

Insurance Company herein called the Company)

d below in consideration of the payment of premium and, except as herein provided,

as of Policy No. RDU 9433884 and Renewal thereof

to:

Item 1. INSURED: International Business Machines Corporation As per End. #1 Armonk, New York

Item 2. POLICY PERIOD: May 21, 1970 to May 21, 1973

Item 3. COVERAGE: Excess Umbrella Liability

Item 4. EXCEPTIONS: This insurance differs from the Policy which it follows in the following particulars:

(a) Rate Flat
(b) Proportion of Risk Insured: $500,000.00 each occurrence and in the aggregate excess of $132,000,000.00 each occurrence and in the aggregate which in turn is excess of Primary and/or a Self Insured Retention.

(c) Premium: $600.00 Prepaid
(d) Other: Ends. #1 and #2

IN WITNESS WHEREOF, Employers Commercial Union Insurance Company of America has caused this policy to be signed by its authorized Manager acting under power of attorney, and countersigned by a duly authorized representative of the Company.

**Employers Commercial Union Insurance Company of America**

**Frank J. Carey**
**President**

**E. B. Shupp**
**Attorney**

**Authorized Representative**

**11/6/70 nf**

**JOHNSON & HIGGINS**
**INSURANCE BROKERS**
**PROFESSIONAL LIABILITY CONSULTANTS**
**E9136-2 (ECU)**