# ENDORSEMENT

**Date Issued:** May 25, 1977  
**Endorsement No.:** 2  
**Insured:** International Business Machines Corp.  
**Name of Company:** Federal Insurance Company  
**Policy No.:** 7922-71-06  
**Effective Date:** May 21, 1977  
**Producer:** Johnson & Higgins  

It is agreed that Item 1, Named Insured is completed to read:  
"International Business Machines Corporation, I.B.M. World Trade Corp., and any other subsidiary or affiliated corporation of each 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."

All Other Terms and Conditions Remain Unchanged

**H.J. Fleming**  
Authorized Representative

Form 98-02-02/S Port (Rev.8-71) (Formerly 1382)