# ENDORSEMENT

This endorsement, effective 12:01 A.M., May 21, 1978, forms a part of policy No. 122 96 79 issued to International Business Machines Corp., etal.

by National Union Fire Insurance Company

International Business Machines Corp., I B M World Trade Corp. and any other subsidiary or affiliated Corporation provided such other subsidiary or affiliated Corporation warrants that is under the same operative and financial control through the identity of its officers, directors or stockholders and any employee association thereof.

It is also agreed that the Joint Venture known as 425 Market St., Associates is also included but only as respects the interests of International Business Machines Corporation.