# Confirmation of Binding

**To:** Ms. Kathleen Ireland, International Business Machines Corporation  
**From:** Matthew Durrant, Aon (Bermuda) Ltd.  
**Date:** May 24, 2021  

Aon (Bermuda) Ltd. can confirm that coverage is bound for the below mentioned Insured, as follows:

- **Name Insured:** International Business Machines Corporation  
- **Carrier:** XL Bermuda Ltd  
- **Type of Cover:** Excess Liability  
- **Limit:** $50,000,000 (part of $75,000,000)  
- **Attachment:** $225,000,000  
- **Effective Dates:** May 21, 2021 - May 21, 2022  
- **Gross Premium:** $363,700  
- **Terms & Conditions:** As per terms and conditions of the attached binder.  
- **Special Notes:**  

This confirmation of binding is not valid unless accompanied by the appropriate carrier binder.

**Prepared By:**  
**Checked By:**  

**Date:** 05/24/21  
**Date:** 5/24/2021  

**NB:** PREMIUMS PAID TO BERMUDA-BASED INSURANCE MARKETS BY U.S. INSURED MAY BE SUBJECT TO FEDERAL EXCISE TAX, AS WELL AS OTHER STATE AND/OR FEDERAL TAXES. THE INSURED IS RESPONSIBLE FOR REPORTING AND REMITTING THIS TAX TO THE APPROPRIATE AUTHORITIES. WE SUGGEST INSURED CHECK WITH THEIR TAX ADVISORS FOR FURTHER INFORMATION.

Aon (Bermuda) Ltd.  
Aon House, 30 Woodbourne Ave, Pembroke HM 06, tel: (441) 295-0265, fax: (441) 292-3244  
Mailing address: P.O. Box HM 2020, Hamilton HM HX, Bermuda