**Endorsement # 15**

**Policy No:** 89-06-923  
**Eff. Date of Pol.:** 5-21-79  
**Eff. Date of End.:** 5-21-79  
**Agency No.:** 30-515-810  
**Add'l Premium:** $  
**Return Premium:** $  

**Named Insured:** INTERNATIONAL BUSINESS MACHINES

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.

**WAIVER OF SUBROGATION ENDORSEMENT**

IT IS AGREED THAT WITH RESPECT TO SUCH INSURANCE AS IS AFFORDED BY THE POLICY IN THE INSURED SO REQUESTS BEFORE OR AFTER LOSS, THE COMPANY WILL WAIVE ANY RIGHTS OF SUBROGATION IT MAY REQUIRE AGAINST ANY RESPONSIBLE PARTY BY REASON OF ANY PAYMENT MADE.

**JOHNSON & WIGGINS**  
**BJ/HV S-16-79**

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

**Countersigned:**  
**Authorized Agent:**  
**U.GU 11G REV. 11-76**

**MM 009611**