**Policy Number:** GLX 100013  
**Name of Company:** GLOBE INDEMNITY COMPANY  
**Endorsement Date (Mon, Day, Yr.):** MAY 26, 1964  
**Name Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL  

This endorsement is issued for attachment to and is hereby made a part of the policy designated above, and is effective as of the date indicated, and at the effective hour stated in the policy, standard time at the address of the named insured as stated in the policy.

---

**ENDORSEMENT #3**

IN CONSIDERATION OF THE PREMIUM CHARGED, IT IS AGREED THAT CONDITION 1, UNDERLYING INSURANCE IS AMENDED TO READ AS FOLLOWS:

IT IS AGREED THAT THIS POLICY, EXCEPT AS STATED, IS SUBJECT TO ALL CONDITIONS, AGREEMENTS AND LIMITATIONS OF, EXCEPT AS PROVIDED HEREIN, AND SHALL FOLLOW THE PRIMARY INSURANCE IN ALL RESPECTS, INCLUDING CHANGES BY ENDORSEMENT. IT IS FURTHER AGREED, HOWEVER, SHOULD ANY ALTERATION BE MADE IN THE UNDERLYING POLICIES WHICH MATERIALLY AFFECT THE COVERAGE PROVIDED, SUCH ALTERATION SHALL NOT BE BINDING UPON THE COMPANY UNTIL ITS CONSENT IS ENDORSED HEREON.

---

This endorsement is subject to all terms, conditions and exclusions of the policy which are not inconsistent herewith.