# NAMED INSURED

International Business Machines Corporation,
I.B.M. World Trade Corporation
IBM World Trade Europe/Middle East/Africa Corporation and
IBM World Trade Americas/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 following Joint Ventures are included
as named insureds, but only as respects the interest of International
Business Machines Corporation:

1. Market Street Associates of St. Louis
2. Discovision Associates
3. Satellite Business Systems
4. 425 Market Street Associates (San Francisco)
5. 2345 Grand Avenue Kansas City Condominium

This endorsement is a part of your policy and takes effect on the effective date of your policy, unless another effective date is shown below.

| Must Be Completed |
| --- |
| ENDT. NO. | POLICY NO. |
| 2 | RDX 1785610 |

Complete Only When This Endorsement Is Not Prepared with the Policy
Or Is Not to be Effective with the Policy
ISSUED TO
EFFECTIVE DATE
THIS ENDORSEMENT

Counter-signed by
Authorized Representative

G-39543-A