**INDORSEMENT**

Effective Date: May 21, 1973

The International Business Machines Corporation, IBM World Trade Corp., and any other subsidiary or affiliated corporation of each 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.

Attached to and made a part of Policy No. 111017115673-6 of MIDLAND INSURANCE COMPANY issued to International Business Machines Corp., etal.

Countersigned at New York, New York/eb Date: June 6, 1973

By: Karl E. Djerf, Secretary
James P. Craig, President

UND NO 45