# MULTI-LINE LIABILITY EXCESS POLICY

**Old Republic Insurance Company**

414 W Pittsburgh St M H Box 789
Greensburg, PA 15601

**Name of Assured:**
INTERNATIONAL BUSINESS MACHINES INC., ETAL.

**Address:**
ARMONK, NEW YORK 10504

**Type of Coverage:**
EXCESS UMBRELLA LIABILITY

**Limits of Liability:**
AS PER FORM GL-218 ATTACHED HERETO

**Term:**
Beginning at 12:01 A.M. on the 21ST day of MAY 1981
and ending at 12:01 A.M. on the 21ST day of MAY 1982

Standard time at the place of location of risks insured, and in accordance with terms and conditions of the form(s) attached and the Standard Clauses on the reverse side of this page.

**Forms:**
At time of issuance this Policy contains a 2 page insuring Form and Endorsements 1 through 9 inclusive. Standard Clause 4 shall not apply.

**OLD REPUBLIC INSURANCE COMPANY** (hereinafter called the Company), agrees with the assured named above, in consideration of the premium to be paid and subject to the limits of liability, exclusions, conditions and other terms of this policy, to provide insurance as set forth in the form(s) and endorsement(s) attached.

**Premium:**
| PREMIUM | $ 7,000.00 | $ N/A | $ N/A |
|---------|------------|-------|-------|
| TOTAL   | $7,000.00  |       |       |

IN WITNESS WHEREOF, this Company has executed and attended these presents, but this policy shall not be valid unless countersigned by a duly authorized representative of the Company.

**William R. Stone**
President

Dated at NEW YORK, NEW YORK
this 13TH day of MAY 1981
By: **President**

**ORIGINAL POLICY**
Z3-3 (E4.141)