**Endorsement No. 1**

* **Date:** [Not specified]
* **Policy Number:** [Not specified]
* **Name of Insured:** INTERNATIONAL BUSINESS MACHINES CORP., E.T.A.L.
* **Address:** 81 N 22 E CAM
* **Endorsement Number:** 1
* **Additional Premium:** $[Amount not specified]

**It is hereby understood and agreed that Item 3 - Named Insured is amended as follows:**

**LIMIT OF INSURANCE:**

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.

Nothing herein contained shall be held to vary, alter, waive or change any of the terms, limits or conditions of the Policy, except as hereinabove set forth.

This endorsement is effective MAY 21, 1978

Attached to and forming part of Policy No. 75-100649 of the A.I.U. INSURANCE COMPANY

RGH/BS/LL