This endorsement, effective [effective date], forms part of Policy No. 216-8154-007 issued to EFFECTIVE FROM INCEPTION DATE OF POLICY by the insurance company indicated below by an "X".

- THE EMPLOYERS' LIABILITY ASSURANCE CORPORATION, LIMITED
- COMMERCIAL UNION INSURANCE COMPANY OF AMERICA
- AMERICAN EMPLOYERS' INSURANCE COMPANY
- THE NORTHERN ASSURANCE COMPANY OF AMERICA
- THE PENNSYLVANIA INSURANCE COMPANY
- THE EMPLOYERS' FIRST INSURANCE COMPANY

It is agreed that Item 1, Insured, shall read as follows:

International Business Machines Corporation,
I.B.M., 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.

GEORGE DALZIEL
RESIDENT LICENSED AGENT
Countersigned BY [signature]
Authorized Representative

End. #1

G8010-3 Part 1