**CHICAGO FIRE INSURANCE COMPANIES**

**THE POLICY MAKERS**

**ENDORSEMENT**

*Additional Premium:*
*Return Premium:*

*Effective on and after:*
*5-21-77 12:01 AM Standard*

*CERTIFICATE #*: *VS-3180*
*Expiration Date: 5-21-78*

*Issued to:*
*INTERNATIONAL BUSINESS MACHINES CORP.*

*By:*
*UNITED STATES FIRE INSURANCE CO.*

**IT IS AGREED THAT ITEM #1 OF THE DECLARATIONS IS AS FOLLOWS:**

*ITEM #: INSURED*
*INTERNATIONAL BUSINESS MACHINE CORPORATION, I.B.M.*
*WORLD TRADE CORPORATION 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 INDENTITY OF ITS OFFICERS, DIRECTORS OR STOCKHOLDERS.*

*All other terms and conditions of this policy remain unchanged.*

**AUTHORIZED REPRESENTATIVE**