# ENDORSEMENT # (cont'd)

**THIS ENDORSEMENT EFFECTIVE 12:01 A.M. 05/21/90 FORMS A PART OF**

**POLICY NO. 194-50-64 ISSUED TO INTERNATIONAL BUSINESS MACHINES CORP.**

**BY AMERICAN HOME ASSURANCE COMPANY**

**THE TERM FIDUCIARY CAPACITY AS USED IN THIS ENDORSEMENT SHALL INCLUDE, BUT NOT BY WAY OF LIMITATION:**

1. **ADMINISTRATOR, EXECUTOR, TRUSTEE UNDER WILL OR PERSONAL TRUST AGREEMENT, COMMITTEE FOR INCOMPETENTS, GUARDIAN; AND AGENT OR SUB-AGENT FOR ANY OF THE FOREGOING; CUSTODIAN OF SECURITIES, MANAGERS OF REAL OR PERSONAL PROPERTY.**

2. **INTEREST OR DIVIDEND DISBURSING AGENT, PAYING AGENT, FISCAL AGENT, TRANSFER AGENT, REGISTRAR, AGENT FOR VOTING TRUSTEES, WARRANTS AGENT DEPOSITORY, OR AGENT FOR A COMMITTEE OF HOLDERS OF STOCK OR SECURITIES, ESCROW AGENT OR IN ANY SIMILAR TRUST CAPACITY, INCLUDING TRUSTEE UNDER A CORPORATE BOND INDENTURE, A SINKING FUND AGENT OR RECEIVER OR TRUSTEE APPOINTED BY ANY COURT IN RECEIVERSHIP, BANKRUPTCY OR REORGANIZATION PROCEEDINGS.**

**AUTHORIZED REPRESENTATIVE**

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