# Zurich-American Insurance Companies

## Endorsement

### ENDORSEMENT #1

| Policy No. | Eff. Date of Pol. | Exp. Date of Pol. | Eff. Date of End. | Agency No. | Add'l Premium | Return Premium |
|-----------|------------------|------------------|------------------|------------|---------------|----------------|
| CUSZ 52 096-00 | 5/21/84 | 5/21/85 | 5/21/84 | 50-515-00 | $——— | $——— |

**Named Insured:** INTERNATIONAL BUSINESS MACHINES CORP.

**Address (including Zip Code):** ARIONK, NEW YORK

**PAGE 1**

This endorsement is issued by the company designated in the Declarations which is the insurer under the above numbered policy 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.

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

IT IS UNDERSTOOD AND AGREED THAT ITEM 1 NAMED INSURED IS AMENDED TO READ:

**NAMED INSURED**

INTERNATIONAL BUSINESS MACHINES CORPORATION, I.B.M. WORLD TRADE CORPORATION, IBM WORLD TRADE EUROPE/MIDDLE EAST/AFRICA CORPORATION AND IBM WORLD TRADE AMERICAS/FAR EAST CORPORATION, IBM CREDIT CORPORATION AND SCIENCE RESEARCH ASSOCIATES, INC., AND ANY OTHER SUBSIDIARY OR AFFILIATED CORPORATION 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 OF STOCKHOLDERS AND ANY EMPLOYEE ASSOCIATIONS THEREOF.

IT IS ALSO AGREED THAT THE FOLLOWING JOINT VENTURE AND/OR PARTNERSHIPS ARE INCLUDED AS NAMED INSURED, BUT ONLY AS RESPECTS THE INTEREST OF INTERNATIONAL BUSINESS MACHINES CORPORATION.

Z 008515

Johnson & Higgins

Countersigned: ___________________________

Authorized Representative: ___________________________

U-GL-113-A (781 ed.)