**ENDORSEMENT NO.** 1 **ADDITIONAL PREMIUM** - **RETURN PREMIUM** -
**NAME OF INSURED** INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL

**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 OR 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.

NOTHING HEREIN CONTAINED SHALL BE HELD TO VARY, ALTER, WAIVE OR CHANGE ANY OF THE TERMS, LIMITS OR CONDITIONS OF THE POLICY, EXCEPT AS HEREINAFORE SET FORTH.

THIS ENDORSEMENT IS EFFECTIVE MAY 21, 1985

ATTACHED TO AND FORMING PART OF POLICY NO. 75-104423 OF THE AIU INSURANCE COMPANY

AMERICAN INTERNATIONAL UNDERWRITERS

FOR THE COMPANY

Albert T. Anslette

AG/WY
7/3/85