# Endorsement

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

## Named Insured

The Named Insured listed in Item 1 of the Declarations is changed to the following:
- INTERNATIONAL BUSINESS MACHINES CORPORATION AS PER THE SCHEDULED "FIRST UNDERLYING INSURANCE."

This endorsement does not change any other provision of the policy.

**MCH1**
**5/18/10**
**ECO(11)54088246**
**31-6118**

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