**Endorsement No:** 1  
**Additional Premium:** -  
**Return Premium:** -  

**Name of Assured:** INTERNATIONAL BUSINESS MACHINES CORP., ETAL

**NAMED INSURED WORDING:**

```
"INTERNATIONAL BUSINESS MACHINES CORP. AND ANY OTHER
SUBSIDIARY OR AFFILIATED COMPANY PROVIDED SUCH OTHER
SUBSIDIARY OR AFFILIATED CORPORATION WARRANTS THAT IT
IT IS UNDER THE SAME OPERATIVE AND FINANCIAL CONTROL
THROUGH THE IDENTITY OF ITS OFFICERS, DIRECTORS, OR
STOCKHOLDERS AND ANY EMPLOYEE ASSOCIATION THEREOF."
```

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Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of the Policy, except as hereinabove set forth.

This endorsement is effective MAY 21, 1976.

Attached to and forming part of Policy No SCLE 80-93027 of the

**GRANITE STATE INSURANCE COMPANY**

**JP/LL**

**FOR THE COMPANY**