# Confirmation of Binding

**To:** Ms. Kathleen Ireland, International Business Machines Corporation  
**From:** Chris Heinicke, Aon (Bermuda) Ltd.  
**Date:** May 20, 2019  

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

- **Name Insured:** International Business Machines Corporation  
- **Carrier:** Aspen Bermuda Limited  
- **Type of Cover:** Excess Liability  
- **Limit:** $25,000,000 (part of $50,000,000)  
- **Attachment:** $400,000,000  
- **Effective Dates:** May 21, 2019 - May 21, 2020  
- **Gross Premium:** $58,412.50  
- **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:** 5/20/19  

**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**