# Confirmation of Binding

**To:** Ms. Kathleen Ireland, International Business Machines Corporation  
**From:** David Ellison, Aon (Bermuda) Ltd.  
**Date:** May 19, 2022  

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

- **Name Insured:** International Business Machines Corporation  
- **Carrier:** Argo Re Ltd.  
- **Type of Cover:** Excess Liability  
- **Limit:** $15,000,000 (part of $75,000,000)  
- **Attachment:** $225,000,000  
- **Effective Dates:** May 21, 2022 - May 21, 2023  
- **Gross Premium:** $97,086  
- **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:** [Signature]  
**Checked By:** [Signature]  
**Date:** 5/19/2022  
**Date:** 5/20/2022  

**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.