# ENDORSEMENT #11

In consideration of the premium charged, it is agreed that Endorsement #1 is deleted in its entirety and replaced by the following:

International Business Machines Corporation, I.B.M.
World Trade Corporation, I.B.M. World Trade Europe/
Middle East/Africa Corporation and I.B.M. World Trade
America/Far East Corporation and Science Research Associates,
Inc. 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 identity 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.

This endorsement to take effect on the 21st day of May 1979.
All other items and conditions remain unchanged.

Attached to and forming part of Policy No. 927856 of FIRST STATE INSURANCE
COMPANY.

Issued to: International Business Machines, Inc.

August 24, 1979
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The company located these documents in its business records. At this time the company does not certify that these documents constitute a complete and accurate copy of the policy.