**POLICY NO.**
86-68-700

**EFF. DATE OF POL.**
**EFF. DATE OF END.**
**AGENCY NO.**
**ADD'L PREMIUM**
$ [ ]
**RETURN PREMIUM**
$ [ ]

**Named Insured**

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.

**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 PRODUCTS-(ITEM 10 OF THIS ENDORSEMENT).

(2) THE POLICY SHALL INCLUDE AS AN ADDITIONAL INSURED, THE OWNER, LANDLORD, GENERAL 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, 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 C & D COVERAGE PART C76 WITH RESPECT TO AUTOMOBILES OWNED BY EMPLOYEES.

**INSURING AGREEMENTS**

CO-EMPLOYEE: (5) UNDER DEFINITION OF INSURED SECTION II COVERAGE PARTS C31 AND C76 IS DELETED AT THE OPTION OF THE NAMED INSURED.

HIRED CARS: (6) IT IS AGREED THAT ANY VEHICLE HIRED IN THE NAME OF AN EMPLOYEE OF THE NAMED INSURED FOR USE IN THE BUSINESS OF THE NAMED INSURED SHALL BE DEFINED AS A HIRED AUTOMOBILE UNDER THIS POLICY.

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

Countersigned
BY
ATTORNEY IN FACT

Form 116-G 50M 10-69

IBM 062364