# ENDORSEMENT #0001

**THIS ENDORSEMENT, EFFECTIVE 12:01 A.M. 05/21/91 FORMS A PART OF**

**POLICY NO. 308-31-33 ISSUED TO INTERNATIONAL BUSINESS MACHINES CORP.**

**BY AMERICAN HOME ASSURANCE COMPANY**

## NAMED INSURED ENDORSEMENT

**INTERNATIONAL BUSINESS MACHINES CORPORATION, I.B.M. WORLD TRADE CORPORATION, I.B.M. WORLD TRADE EUROPE/MIDDLE/AFRICA CORPORATION AND I.B.M. WORLD TRADE AMERICAS/FAR EAST CORPORATION, I.B.M. CREDIT 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 AND MEMBERS OF EMPLOYEE ASSOCIATIONS.**

**IT IS ALSO AGREED THAT ALL JOINT VENTURES AND/OR PARTNERSHIPS ARE INCLUDED AS INSURED, BUT ONLY AS RESPECTS THE INTEREST OF THE NAMED INSURED.**

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**K. Gregnoli**

**AUTHORIZED REPRESENTATIVE**

**INSURED'S COPY**