# 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:** XL Bermuda Ltd  
- **Type of Cover:** Excess Liability  
- **Limit:** $75,000,000 part of $200,000,000  
- **Attachment:** $200,000,000  
- **Effective Dates:** May 21, 2018 - May 21, 2019  
- **Gross Premium:** $194,224  
- **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 Reen**  
Checked By: **[Signature]**  
Date: **May 18, 2018**

NB: PREMIUMS PAID TO BERMUDA-BASED INSURANCE MARKETS BY U.S. INSUREDS 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 INSUREDS 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