# Excess Overlayer Indemnity Policy

## The Aetna Casualty and Surety Company
Hartford, Connecticut 06115
(a stock insurance company, herein called "Aetna Casualty")

## Section 1. Declarations

### Named Insured and Address
- **International Business Machines Corporation**
- **Old Orchard Road**
- **Armonk, New York 10504**

### Policy Information
- **Policy No.:** 01 XN 5100 WCA
- **Policy Period:**
  - From: 5-21-85
  - To: 5-21-86
  - 12:01 A.M. standard time at the address of Insured
- **Premium:** Flat charge
- **Limits of Liability:**
  - 14% ($7,000,000 maximum) quota share of $50,000,000 each occurrence
  - 14% ($7,000,000 maximum) quota share of $50,000,000 annual aggregate
- **Total Advance Premium:** $13,510
- **3 Year Policy Installments:**
  - 1st Anniversary
  - 2nd Anniversary

### Endorsements:
- SEE ENDORSEMENT INDEX

## Printed in U.S.A.