# ENDORSEMENT 3

This endorsement, effective 12:01 A.M., May 21, 1977, forms a part of policy No. GC 550 18 52 issued to International Business Machines Corporation by Lexington Insurance Company.

In consideration of the premium charged, it is agreed that coverage provided under this policy shall not apply to the subsidiary 425 Market St. Associates.

All other terms and conditions remain unchanged.

6/16/77 pmr

Authorized Representative