**Endorsement No. 14**

This endorsement, effective at 12:01 A.M., May 20, 1977, forms a part of policy No. 550-18-52 issued to INTERNATIONAL BUSINESS MACHINES by LEXINGTON INSURANCE COMPANY.

In consideration of the premium charged it is agreed that effective from inception:

1. Item 1 - Named Insured is amended as follows:
   International Business Machines Corporation, I.B.M. World Trade Corporation and any other subsidiary or affiliated corporation 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 and any employee associations thereof.

2. Endorsement #4 is removed.
3. Endorsement #2 is removed.
4. The Contractors Limitation Endorsement is removed.

All other terms and conditions remain unchanged.

**CLOSINGS SENT**
10-4-78

Form 1803