**CHUBB ENDORSEMENT**

**Date Issued:** cr - 06/17/85  
**Endorsement No.:** 2  
**Insured:** International Business Machines Corporation, etal  
**Policy No.:** (86) 7922-81-34  
**Name of Company:** Federal Insurance Company  
**Effective Date:** 5/21/85  
**Producer:** Johnson & Higgins

**Named Insured:**

International Business Machines Corporation, I.B.M. World Trade Corporation, IBM World Trade Europe/Middle East/Africa Corporation and IBM World Trade Americas/Far East Corporation, IBM Credit Corporation, Rolm Corporation, and Science Research Associates, Inc. and any other Subsidiary or Affiliated Corporation provided such other Subsidiary of 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 and members of Employee Associations.

It is also agreed that all joint ventures and/or partnerships are included as insureds, but only as respects the interest of the Named Insured.

**All Other Terms and Conditions Remain Unchanged**

**Authorized Representative:** Janet Guild

**Form 99-02 02/5 Part (Rev.B-71) (Formerly 1382)**

**P-54827 | 150M**