# ENDORSEMENT #1

This endorsement, effective 12:01 A.M. July 1, 1971, is part of Policy No CE 269 19 29 issued to International Business Machines Corporation, Etal by American Home Assurance Company.

It is understood and agreed that the Named Insured is completed to read as follows:

International Business Machines Corporation, 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.