# ENDORSEMENT

**Policy Number:** GLX 120033  
**Name of Company:** GLOBE INDEMNITY COMPANY  
**Endorsement Date (Mo., Day, Yr.):** MAY 21, 1967  
**Producer Code No.:** #1  

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION  

This endorsement is issued for attachment to and is hereby made a part of the policy designated above, and is effective as of the date indicated, and at the effective hour stated in the policy, standard time at the address of the named insured as stated in the policy.

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**ENDORSEMENT #1**

IN CONSIDERATION OF THE PREMIUM AT WHICH THIS POLICY IS WRITTEN, IT IS AGREED THAT DECLARATIONS-ITEM I "NAMED INSURED": IS HEREBY COMPLETED TO READ AS FOLLOWS:

ITEM I - "NAMED INSURED":

"INTERNATIONAL BUSINESS MACHINES CORPORATION, I.B.M. WORLD TRADE CORP., THE SERVICE BUREAU CORP., AND ANY OTHER SUBSIDIARY OR AFFILIATED CORPORATION OF EACH PROVIDED SUCH OTHER SUB-SIDIARY OR AFFILIATED CORPORATION WARRANTS THAT IT IS UNDER THE SAME OPERATIVE AND FINAN-CIAL CONTROL THROUGH THE IDENTITY OF ITS OFFICERS, DIRECTORS OR STOCKHOLDERS."

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This endorsement is subject to all terms, conditions and exclusions of the policy which are not inconsistent herewith.

**Signature of Authorized Representative**