# ENDORSEMENT #1

The following spaces preceded by an asterisk(*) need not be completed if this endorsement and the policy have the same inception date.

**ATTACHED TO AND FORMING PART OF POLICY NO.:** 565XA9862
**EFFECTIVE DATE OF ENDORSEMENT:** 
**ISSUED TO:** 

**INSURED'S NAME:**
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 subsidiary or affiliated corporation warrants that it is under the same operative and financial control through the identity of its officers, directors or stockholders.

It is understood that the Premium Allocation for the policies is as follows:

- 96.8837% United States
- 3.1127% Canada

Nothing herein contained shall be held to vary, alter, waive or extend any of the terms, conditions, provisions, agreements or limitations of the above mentioned Policy, other than as above stated.

*Agency Name and Address*

In Witness Whereof, the Company has caused this endorsement to be signed by its President at St. Paul, Minnesota and countersigned by a duly authorized representative of the Company.

**Carl B. Drake Jr.**
EDWIN F. RYDEN
SENIOR RESIDENT SECRETARY
By **R.G. Riccio**
Authorized Representative

10703 BEM Ed. 12-60 Printed in U.S.A.