**NAMED INSURED**

(1) INTERNATIONAL BUSINESS MACHINES CORPORATION 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.

THE NAME OF INSURED SHALL EXCLUDE THE INTEREST OF THE SERVICE BUREAU CORPORATION AND I.B.M. WORLD TRADE CORPORATION, EXCEPT AS RESPECTS FOREIGN PRODUCTS - (ITEM 12 OF THIS ENDORSEMENT), AND MALPRACTICE ENDORSEMENT (ENDORSEMENT #4).

(2) THE POLICY SHALL INCLUDE AS AN ADDITIONAL INSURED, THE OWNER, LANDLORD, GENERAL LESSEE OR LESSEE OF ANY PREMISES LEASED TO THE INSURED WHERE THE INSURED HAS AGREED IN WRITING TO PROVIDE LIABILITY INSURANCE FOR OR ON BEHALF OF SAID OWNER, LANDLORD, GENERAL LESSEE OR LESSEE.

(3) THE POLICY SHALL INCLUDE AS ADDITIONAL INSUREDS, THE OWNERS OF VEHICLES LEASED TO INTERNATIONAL BUSINESS MACHINES CORPORATION UNDER LONG TERM LEASE, BUT SOLELY AS RESPECTS AUTOMOBILE LIABILITY INSURANCE.

(4) SUCH INSURANCE AS IS AFFORDED BY THE POLICY SHALL EXTEND TO INCLUDE THE INTEREST OF EMPLOYEES AS NAMED INSURED, ONLY WHILE ACTING WITHIN THE SCOPE OF THEIR EMPLOYMENT EXCEPT, UNDER COVERAGE A & B, WITH RESPECT TO AUTOMOBILES OWNED BY EMPLOYEES.

**INSURING AGREEMENTS**

OCCURRENCE: (5) IT IS AGREED THAT SUCH INSURANCE AS IS AFFORDED BY THE POLICY FOR BODILY INJURY LIABILITY AND FOR PROPERTY DAMAGE LIABILITY APPLIES, SUBJECT TO THE FOLLOWING PROVISIONS:

1. IN INSURING AGREEMENT 1, THE WORDS "AND CAUSED BY ACCIDENT" AND "CAUSED BY ACCIDENT," WHICHEVER APPEAR, ARE DELETED, AND ELSEWHERE THE WORD "ACCIDENT" IS AMENDED TO READ "OCCURRENCE."

2. "OCCURRENCE" MEANS AN EVENT WHICH UNEXPECTEDLY CAUSES INJURY DURING THE POLICY PERIOD OR A CONTINUOUS OR REPEATED EXPOSURE TO CONDITIONS WHICH UNEXPECTEDLY CAUSES INJURY TO PERSONS OR TANGIBLE PROPERTY DURING THE POLICY PERIOD. ALL SUCH EXPOSURE TO SUBSTANTIALLY THE SAME GENERAL CONDITIONS EXISTING AT OR EMANATING FROM EACH PREMISES LOCATION SHALL BE DEEMED ONE OCCURRENCE.