# Confirmation of Binding

**To:** Ms. Kathleen Ireland, International Business Machines Corporation  
**From:** Chris Heinicke, Aon (Bermuda) Ltd.  
**Date:** May 18, 2018  

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

- **Name Insured:** International Business Machines Corporation  
- **Carrier:** Endurance Specialty Insurance Ltd.  
- **Type of Cover:** Excess Liability  
- **Limit:** $25,000,000  
- **Attachment:** $75,000,000  
- **Effective Dates:** May 21, 2018 - May 21, 2019  
- **Gross Premium:** $102,905  
- **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: _Brittany Rees_  
Checked By: _MGD_  
Date: _May 18, 2018_

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