0001104659-21-111684 Sample Contracts

SEPARATION AND DISTRIBUTION AGREEMENT by and between International Business Machines Corporation and Kyndryl Holdings, Inc. Dated as of [_______], 2021
Separation and Distribution Agreement • August 31st, 2021 • Kyndryl Holdings, LLC • Services-computer processing & data preparation • Delaware

SEPARATION AND DISTRIBUTION AGREEMENT, dated as of [_____], 2021, by and between International Business Machines Corporation, a New York corporation (“Parent”), and Kyndryl Holdings, Inc., a Delaware corporation (“SpinCo”). Capitalized terms used herein and not otherwise defined shall have the respective meanings assigned to them in Article I.

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TAX MATTERS AGREEMENT by and between International Business Machines Corporation and KYNDRYL HOLDINGS, INC. Dated as of [●], 2021
Tax Matters Agreement • August 31st, 2021 • Kyndryl Holdings, LLC • Services-computer processing & data preparation • Delaware

This TAX MATTERS AGREEMENT (including the Schedules hereto, this “Agreement”), is entered into as of [●], 2021 between International Business Machines Corporation, a New York corporation (“Parent”), and Kyndryl Holdings, Inc., a Delaware corporation (“SpinCo” and, together with Parent, the “Parties”).

INTELLECTUAL PROPERTY AGREEMENT by and between International Business Machines Corporation and Kyndryl, Inc. Dated as of [●], 2021
Intellectual Property Agreement • August 31st, 2021 • Kyndryl Holdings, LLC • Services-computer processing & data preparation

INTELLECTUAL PROPERTY AGREEMENT, dated as of [●], 2021 (this “Agreement”), by and between International Business Machines Corporation, a New York corporation (“Parent”), and Kyndryl, Inc., a Delaware corporation (“SpinCo”).

EMPLOYEE MATTERS AGREEMENT By and Between International Business Machines Corporation and KYNDRYL HOLDINGS, INC. Dated as of [●], 2021
Employee Matters Agreement • August 31st, 2021 • Kyndryl Holdings, LLC • Services-computer processing & data preparation

EMPLOYEE MATTERS AGREEMENT (this “Agreement”), dated as of [●], 2021, by and between International Business Machines Corporation, a New York corporation (“Parent”), and Kyndryl Holdings, Inc., a Delaware corporation (“SpinCo” and, together with Parent, the “Parties”).

IBM International Client Relationship Agreement
Ibm International Client Relationship Agreement • August 31st, 2021 • Kyndryl Holdings, LLC • Services-computer processing & data preparation

This IBM International Client Relationship Agreement (Agreement or iCRA) includes Part 1 – General Terms and Part 2 – Country Required Terms. This Agreement governs transactions by which Client may order Programs, Cloud and other Services, Machines and Appliances (collectively IBM Products) and third party products and services (Non-IBM Products). Transaction Documents (TDs) and Attachments detail the specifics of transactions such as charges and a description of and information about the Product. Examples of TDs include statements of work, service descriptions, ordering documents, supplements, or invoices. Attachments provide supplemental terms that apply to certain types of Products, such as product capacity or trial services. In the event of conflict, an Attachment prevails over this Agreement and a TD prevails over both the Agreement and any Attachment and only applies to the specific transaction.

TRANSITION SERVICES AGREEMENT by and between INTERNATIONAL BUSINESS MACHINES CORPORATION and KYNDRYL, INC. Dated as of [●], 2021
Transition Services Agreement • August 31st, 2021 • Kyndryl Holdings, LLC • Services-computer processing & data preparation • New York

TRANSITION SERVICES AGREEMENT (this “TSA”), dated as of [●], 2021 (the “Effective Date”), by and between International Business Machines Corporation, a New York corporation (“IBM” or “Seller”), and Kyndryl, Inc., a Delaware corporation (“Buyer”) (each a Party and, collectively, the “Parties”).

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