# ENDORSEMENT #1

In consideration of the premium charged, it is hereby understood and agreed that the Named Insured is to read as follows:

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 venture and/or partnerships 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
6) Greenwich Realty Limited Partnership (Endt #7)

This endorsement to take effect on the 21st day of May, 1982. All other items and conditions remain unchanged.

Attached to and forming part of Policy No. 791710 of FIRST STATE UNDERWRITERS AGENCY OF NEW ENGLAND REINSURANCE CORPORATION.

Issued to: INTERNATIONAL BUSINESS MACHINES CORPORATION, ETAL
6/16/82 bh

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.