**ENDORSEMENT # 1**

**EFFECTIVE:** 5/21/78

IT IS AGREED THAT ITEM #1 OF THE POLICY DECLARATIONS, NAMED INSURED, SHALL READ AS FOLLOWS:

INTERNATIONAL BUSINESS MACHINES CORPORATION, I.B.M. WORLD TRADE CORPORATION 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 IDENTIFY OF ITS OFFICERS, DIRECTORS OR STOCKHOLDERS AND ANY EMPLOYEE ASSOCIATIONS THEREOF.

IT IS ALSO AGREED THAT THE JOINT VENTURE KNOWN AS 425 MARKET STREET ASSOCIATES IS ALSO INCLUDED BUT ONLY AS RESPECTS THE INTEREST OF INTERNATIONAL BUSINESS MACHINES CORPORATION.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

THIS ENDORSEMENT IS ATTACHED TO AND MADE A PART OF M843086 OF THE MISSION INSURANCE COMPANY.

ISSUED TO: INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL (AS PER ENDORSEMENT #1)

DATED AT: NEW YORK, NEW YORK

DATE: JUNE 15, 1978

BY: Robert J. Mannion