# NAMED INSURED ENDORSEMENT

IT IS UNDERSTOOD AND AGREED THAT THE NAMED INSURED, AS SHOWN ON THE POLICY DECLARATIONS, SHALL ALSO INCLUDE THE FOLLOWING:

INTERNATIONAL BUSINESS MACHINES CORPORATION, I.B.M. WORLD TRADE CORPORATION, IBM WORLD TRADE EUROPE/MIDDLE EAST/AFRICA CORPORATION AND IBM WORLD TRADE AMERICAS/FAIR 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 VENTURE OR PARTNERSHIPS ARE INCLUDED AS NAMED INSURED, 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

THE EFFECTIVE DATE OF THIS ENDORSEMENT IS MAY 21, 1981 AT New York, New York
ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED.
THIS ENDORSEMENT IS ATTACHED TO AND MADE A PART OF POLICY NUMBER OZXX.11660
ISSUED TO INTERNATIONAL BUSINESS MACHINES INC., RETAIL.
BROKER/AGENT JOHNSON & HIGGINS
ADDRESS 95 WALL STREET
NEW YORK, NEW YORK 10005
DATE OF ISSUE 5/13/81