**POLICY NO:** 8752107

**EFF. DATE OF POL.:** [Not specified]
**EFF. DATE OF END.:** [Not specified]
**AGENCY NO.:** [Not specified]
**ADD'L. PREMIUM:** $ [Not specified]
**RETURN PREMIUM:** $ [Not specified]

**Named Insured**

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.

**NAMED INSURED**

INTERNATIONAL BUSINESS MACHINE CORPORATION (IBM) WORLD TRADE 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.

**ZURICH INSURANCE COMPANY**
**AMERICAN GUARANTEE AND LIABILITY INSURANCE COMPANY**

[Signatures]