# BROAD FORM NAMED INSURED

| Named Insured | International Business Machines Corporation |
|---------------|--------------------------------------------|
| Endorsement Number | 38 |
| Policy Symbol | HDO |
| Policy Number | G72490587 |
| Policy Period | 05/21/2021 TO 05/21/2022 |
| Effective Date of Endorsement | - |
| Issued By (Name of Insurance Company) | ACE American Insurance Company |

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.**

**THIS ENDORSEMENT MODIFIES INSURANCE PROVIDED UNDER THE FOLLOWING:**

**COMMERCIAL GENERAL LIABILITY COVERAGE FORM**

"Named Insured" means the person or organization first named as the Named Insured on the Declarations Page of this policy (the "First Named Insured"). The Named Insured also includes (1) IBM Club (2) any other person or organization named as a Named Insured on the Declarations Page; (3) any subsidiary, affiliated, Limited Liability Company, allied or acquired company or corporation (including subsidiaries thereof) of which any insured named as the Named Insured on the Declarations Page has more than 50% ownership interest in or exercises management or financial control over at the inception date of this policy, provided such subsidiary, affiliated, Limited Liability Company, allied or acquired company or corporation and their operations have been declared to us prior to the inception date of this policy.

MS-315493.1 (05/21)
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