**POLICY NO:** 8250700  
**EFFECTIVE DATE:** DEC. 31, 1962  
**AGENCY NO:** 50-515  
**ADD'L PREMIUM:** $  
**RETURN PREMIUM:** $  

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION ETAL

This endorsement is issued by that company named below which is the insurer under the policy designated above 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.

IT IS AGREED THAT EXCLUSION J SUBDIVISION I - OF THE POLICY, IS ELIMINATED AS RESPECTS PROPERTY OTHER THAN OWNED, OR LEASED UNDER A NET LEASE AGREEMENT.

**ZURICH INSURANCE COMPANY**  
**AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY**

**Countersigned:**  
**Authorized agent:**  
**ATTORNEY IN FACT:**  
**Form 116-G**  
**1962**  
**100 EWM**

**JOHNSON & HIGGINS**  
**HF**

**United States Manager (Zurich)**  
**President (American Guarantee)**

**Secretary (American Guarantee)**

**Z 006834**