**Endorsement No:** 1

**Additional Premium:** ————

**Return Premium:** ————

**NAMED INSURED WORDING:**

"INTERNATIONAL BUSINESS MACHINES CORP. AND ANY OTHER SUBSIDIARY OR AFFILIATED COMPANY 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 ASSOCIATION THEREOF."

**Name of Assured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL.

Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of the Policy, except as hereinabove set forth.

This endorsement is effective MAY 23, 1977.

Attached to and forming part of Policy No. SCLDSO-9322% of the GRANITE STATE INSURANCE COMPANY.

**JP/LML**

FOR THE COMPANY

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