# ENDORSEMENT

**ENDORSEMENT #: 1**

- **Effective on and after:** MAY 21, 1973 - 12:01 AM Standard Time
- **This endorsement forms part of policy No.:** XS 3404
- **Expiration Date:** MAY 21, 1976
- **Issued to:** INTERNATIONAL BUSINESS MACHINE CORPORATION
- **Company:** UNITED STATES FIRE INSURANCE

**IT IS AGREED THAT ITEM #1 OF THE DECLARATIONS IS AS FOLLOWS:**

**ITEM #1 INSURED -**

INTERNATIONAL BUSINESS MACHINE CORPORATION, I.B.M., WORLD TRADE CORPORATION 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.

All other terms and conditions of this policy remain unchanged.