# ENDORSEMENT #0001

**THIS ENDORSEMENT, EFFECTIVE 12:01 A.M. MAY 21, 1993**

**FORMS A PART OF POLICY NO. BE 308-61-20**

**ISSUED TO:** INTERNATIONAL BUSINESS MACHINES CORPORATION

**BY:** NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.

## NAMED INSURED

INTERNATIONAL BUSINESS MACHINES CORPORATION,
IBM WORLD TRADE CORPORATION,
IBM WORLD TRADE EUROPE/MIDDLE EAST/AFRICA CORPORATION,
IBM WORLD TRADE AMERICAS/FAR EAST CORPORATION
IBM CREDIT CORPORATION

AND ANY OTHER SUBSIDIARY OR AFFILIATED CORPORATION, PROVIDED SUCH OTHER SUBSIDIARY OR CORPORATION WARRANTS THAT IT IS UNDER THE SAME OPERATIVE AND FINANCIAL CONTROL THROUGH THE IDENTITY OF ITS OFFICERS, DIRECTOR 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 OF THIS POLICY REMAIN UNCHANGED.

**AUTHORIZED REPRESENTATIVE**

Robert Steele

INSURED'S COPY