**THE HARTFORD**

**Policy Number:** KA 0000245  
**Effective Date:** 5-21-93

**Named Insured and Address:** INTERNATIONAL BUSINESS MACHINES CORPORATION  
CORPORATE HEADQUARTERS  
ARMONK, NEW YORK 10504  

**Endt. No.:** 13  

**THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY**

This endorsement modifies insurance provided under the following:

EXCESS LIABILITY

It is agreed that Endorsement #10, is amended in part to read as follows:

"It is also agreed that all Joint Ventures and/or partnerships are included as Insureds, but only as respects the interest of the Named Insured."

First State Management Group  
By [Signature]  
Authorized

This endorsement does not change the policy except as shown.  
3-22-94/f1  
Form L-5040-0 (Ed. 4-86) Printed in U.S.A. (NS)