# Asbestos Exclusion

## Policy Details
- **Insured:** International Business Machines Corp.
- **Policy Number:** GFE 536 25 00
- **Producer:** Johnson & Higgins
- **Effective Date:** 5-21-91

## Exclusion
This policy does not apply to injury or damage arising, in whole or in part, out of or in any way related to asbestos.

As used in this exclusion, the term "asbestos" includes but is not limited to, asbestos, asbestos products, asbestos fibers, asbestos dust, and asbestos contained in products or materials.

## Additional Information
All other terms and conditions of this policy remain unchanged.

**Gulf Insurance Company**
**President: Jim Fowler**

**Counter Signature of Authorized Agent:**
```
[Signature]
```

**Date:** 2-24-92