# ENDORSEMENT #13

This endorsement, effective 12:01 A.M., MAY 21, 1986, forms a part of policy No. 1991797 issued to INTERNATIONAL BUSINESS MACHINE CORP. BY NATIONAL UNION FIRE INSURANCE COMPANY

## REAL PROPERTY EXCLUSION

IN CONSIDERATION OF THE PREMIUM CHARGED, IT IS AGREED THAT COVERAGE AFFORDED BY THIS POLICY SHALL NOT APPLY TO PROPERTY DAMAGE TO:

1) REAL PROPERTY OCCUPIED BY OR LEASED TO THE INSURED.
2) REAL PROPERTY USED BY THE INSURED.
3) REAL PROPERTY IN THE CARE, CUSTODY OR CONTROL OF THE INSURED OR AS TO WHICH THE INSURED IS FOR ANY PURPOSE EXERCISING PHYSICAL CONTROL.

ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.

2/5/87 - AUTHORIZED REPRESENTATIVE