# ENDORSEMENT NO. 1

This endorsement, effective 12:01 A.M., May 21, 1970, forms part of policy No. XL-1156 issued to International Business Machines Corp. by Midland Insurance Company.

## NAMED INSURED

Item 1, Named Insured, to read as follows:

International Business Machines Corporation,
IBM World Trade Corp., The Service Bureau 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.