**Endorsement**

This endorsement, effective 1-21-73, forms part of Policy No. CX-9154-030.

Issued to: International Business Machines Corp.

By the insurance company indicated below by an "X":

- COMMERCIAL UNION INSURANCE COMPANY
- AMERICAN EMPLOYERS INSURANCE COMPANY
- THE EMPLOYERS' FIRE INSURANCE COMPANY
- THE NORTHERN ASSURANCE COMPANY OF AMERICA

It is agreed that this policy is also subject to the terms and conditions of Policy #CE 2691929 or the renewal thereof issued by American Home Assurance Company as respects foreign liability of I. B. M. World Trade Corporation only.

E. A. SIEGENTHALER
RESIDENT LICENSED AGENT
Countersigned / E. D. Shipp ATTORNEY
Authorized Representative

End. #4

Date: 10-10-74