# THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY.

## ENDORSEMENT # 15

This endorsement, effective 12:01 A.M. 01/01/95 forms a part of

Policy No. RM GL 121-06-98 issued to International Business Machines Corporation

By NATIONAL UNION FIRE INSURANCE COMPANY OF PITTSBURGH, PA.

## NAMED INSURED

This endorsement modifies insurance provided under the following:

### COMMERCIAL GENERAL LIABILITY COVERAGE PART

International Business Machines Corporation
IBM World Trade Corporation
IBM World Trade Europe/Middle East/Africa Corporation and
IBM World Trade Americas/Far East Corporation
IBM Credit Corporation and any other subsidiary or Affiliated Corporation
provided that 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
IBM Mutual Fund

It is agreed that SECTION II - Who is an Insured is amended to add:

g. All Joint Ventures and or Partnerships, but only as respects the liability of
the named Insured.

It is further agreed that the policy shall include as an additional insured all those
persons or entities to whom the Named Insured has agreed to provide such
protection.

**AUTHORIZED REPRESENTATIVE**

Issue Date: 3/30/95