This endorsement modifies such insurance as is afforded by the provisions of the policy relating to the following:

| POLICY NO | EFFECTIVE DATE | AGENCY NO | ADD'L PREMIUM | RETURN PREMIUM |
|-----------|----------------|-----------|---------------|----------------|
| 05 96 100 | 9/15/69        | 50-515-000 | $             | $              |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORPORATION

This endorsement is issued by that company named below which is the insurer under the policy designated above issued to the Named Insured and forms a part of said policy as of the effective date hereof, at the hour stated in the policy Declarations.

**IT IS AGREED THAT:**

"In the event of cancellation or material change in policy coverage, thirty (30) days' prior written notice will be given the Department of the Navy, Headquarters Naval Material Command, Insurance Branch, Washington 20360, D.C."

"Such insurance as is afforded by the policy also applies to any automobile maintained for use or used by the named insured in the performance of any cost-type contracts for the United States of America, and to any other automobile while being used in the performance of such contract. Any automobile furnished the named insured by the United States of America for use in the performance of such contract shall be deemed to be an owned automobile as defined in the policy."

JOHNSON & HIGGINS

ZURICH INSURANCE COMPANY
AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY

Countersigned
BY: [Signature] (Attorney-in-Fact)
Form 117 50M 5-68

United States Manager (Zurich)
President (American Guarantee)
Secretary (American Guarantee)

Z 007049