**THIS ENDORSEMENT EFFECTIVE MAY 21, 1991**

**FORMS PART OF POLICY NUMBER 531-204473-7**

**ISSUED TO INTERNATIONAL BUSINESS MACHINES CORP.**

**(AS PER UNDERLYING INSURANCE)**

**BY INTERNATIONAL INSURANCE COMPANY**

**POLLUTANTS MEANS ANY SOLID, LIQUID, GASEOUS OR THERMAL IRRITANT OR CONTAMINANT, INCLUDING SMOKE, VAPOR, SOOT, FUMES, ACIDS, OIL AND/OR OIL DERIVATIVES, ALKALIS, CHEMICALS AND WASTE. WASTE INCLUDES MATERIALS TO BE RECYCLED, RECONDITIONED OR RECLAIMED.**

**PAGE 2 OF 2**

**ENDORSEMENT NO. 2015 (11-88)**

**Crum and Forster**

**ORGANIZATIONS**