DO NOT TYPE ABOVE THIS LINE

IT IS AGREED THAT THE NAMED INSURED IS AMENDED TO READ AS FOLLOWS:

INTERNATIONAL BUSINESS MACHINE CORP.
I.B.M., WORLD TRADE CORP., AND ANY OTHER SUBSIDIARY OR AFFILIATED CORPORATION WARRANTS THAT IT IS UNDER THE SAME OPERATIONS AND FINANCIAL CONTROL THROUGH THE IDENTITY OF ITS OFFICERS & DIRECTORS OR STOCKHOLDERS.

The effective date and hour of this endorsement is stated below and reference to hour shall be Standard Time at the address of the named insured as stated in the policy. This endorsement shall terminate with the policy.

This endorsement is subject to the declarations, conditions, exclusions and other terms of the policy which are not inconsistent herewith, and when countersigned by an authorized representative of the company forms a part of the policy described below.

LUMBERMEN'S MUTUAL CASUALTY COMPANY
AMERICAN MOTORISTS INSURANCE COMPANY
AMERICAN MANUFACTURERS MUTUAL INSURANCE COMPANY
FEDERAL MUTUAL INSURANCE COMPANY

ISSUED TO
INTERNATIONAL BUSINESS MACHINES CORP.
POLICY NUMBER: 3SX 010 122
ENDORSEMENT NO.: 1
ENDORSEMENT EFFECTIVE HOUR: 12:01 A.M.
MONTH: 5
DAY: 21
YEAR: 73
COUNTERSIGNATURE AT: NEW YORK, NEW YORK
COUNTERSIGNATURE DATE: MONTH: 6
DAY: 15
YEAR: 73
POLICY EFFECTIVE MONTH: 5
DAY: 21
YEAR: 73
PRODUCER'S NUMBER
COUNTERSIGNATURE OF LICENSED RESIDENT AGENT
CK 301-1
Kemper INSURANCE
12-72 100M PRINTED IN U.S.A.