# Zurich-American Insurance Group

## Endorsement

| Policy No. | Eff. Date of Pol | Exp. Date of Pol | Eff. Date of End | Agency No. | Add'l Premium | Return Premium |
|-----------|-----------------|-----------------|-----------------|------------|---------------|----------------|
| CU 32-52-096-02 | 5/21/86 | 5/21/87 | 5/21/86 | 50-515-000 | $ NA | $ NA |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION, ET AL  
**Address (including Zip Code):** ARMONK, NEW YORK

This endorsement is issued by the company designated in the Declarations which is the insurer under the above numbered policy issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

**This endorsement changes such insurance as is afforded by provisions of the policy relating to the following:**

**NAME INSURED ENDORSEMENT**

INTERNATIONAL BUSINESS MACHINES CORPORATION, I.B.M. WORLD TRADE CORPORATION, IBM WORLD TRADE EUROPE/MIDDLE EAST/AFRICA CORPORATION AND IBM WORLD TRADE AMERICAS/PAR EAST CORPORATION, IBM CREDIT CORPORATION, ROLM CORPORATION AND SCIENCE RESEARCH ASSOCIATES, INC. AND ANY OTHER SUBSIDIARY OR AFFILIATED CORPORATION PROVIDED SUCH OTHER SUBSIDIARY OR AFFILIATED CORPORATION WARRANTS THAT IT IS UNDER THE SAME OPERATIVE AND FINANCIAL CONTROL THROUGH THE IDENTITY OF ITS OFFICERS, DIRECTORS OR STOCKHOLDERS AND ANY EMPLOYEE ASSOCIATIONS THEREOF AND MEMBERS OF EMPLOYEE ASSOCIATIONS.

IT IS ALSO AGREED THAT ALL JOINT VENTURES AND/OR PARTNERSHIPS ARE INCLUDED AS INSUREDs, BUT ONLY AS RESPECTS THE INTEREST OF THE NAMED INSURED.

Z 008532

Countersigned:  
Authorized Representative