# ENDORSEMENT #11

In consideration of the premium charged, it is agreed that Endorsement 11 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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[Signature]