# National Union Fire Insurance Company of Pittsburgh, PA

**POLICY NO:** 122-8319  
**R/N:** 122 44 38

The Company agrees with the Insured named below, in consideration of the premium paid and subject to all the terms and conditions set forth below that the insurance afforded by this policy shall follow all the terms and conditions of Policy Number 462 01 7782 issued by American Centennial including all renewals and rewrites thereof.

**NAMED INSURED:** International Business Machines Corp. (See End't #1)  
**ADDRESS:** Armonk, New York 10504  
**POLICY PERIOD:** May 21, 1978 to May 21, 1979 - 12:01 A.M. Standard Time at the address of the above Named Insured.  
**COVERAGE:** Excess Following form Umbrella Liability  
**LIMIT OF LIABILITY:** See End't #2  
**PREMIUM:** $227,520. - 1 Year  
**RATE:** Flat  

IN WITNESS WHEREOF, the Company has caused this policy to be signed by its President and Secretary at New York, New York and countersigned by a duly authorized representative of the Company.

**Marion E. Fajin**  
**SECRETARY**  
**6/8/78..gt**  
**Johnson & Higgins**  
**95 Wall Street**  
**New York, New York 10005**

**Countersigned by:**  
**Martin Baxter**  
**Authorized Representative**