This endorsement, effective [date], forms part of Policy No. EX-8154-018 issued to [insured] EFFECTIVE FROM INCEPTION DATE OF POLICY by the insurance company indicated below by an "X".

EMPLOYEES COMMERCIAL UNION INSURANCE CO. OF AMERICA ☐ AMERICAN EMPLOYERS' INSURANCE COMPANY ☐ THE EMPLOYERS' FIRE INSURANCE COMPANY ☐ THE PENNSYLVANIA INSURANCE COMPANY

It is agreed that Item 1, Insured, shall read as follows:

International Business Machines Corporation,
I.B.M. World TradeCorp., 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.

Authorized Representative

End. #1

G8010-4 (ECU) Part 1