**Insurance Company of North America**

**NAMED INSURED ENDORSEMENT #5**

"International Business Machines Corporation, I.B.M. World Trade Corp., The Service Bureau Corp., and any other subsidiary or affiliated corporation warrants that it is under common operative and financial control through the identity of its officers, directors or stockholders."

---

Nothing herein contained shall vary, alter or extend any provision or condition of the policy other than as above stated.

| Effective Date | May 21, 1970 |
|---------------|--------------|
| Issued to     | International Business Machines Corp., et al. |

Part of Policy No. XBC 43241

Authorized Agent

Not valid unless countersigned by a duly authorized agent of the INSURANCE COMPANY OF NORTH AMERICA

C-1661

Charles K. Cox  
President