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To: CHUBB INSURERS <br /> Frank Tung <br /> Brandywine Group of Insurance and <br /> Reinsurance Companies <br /> 333 W. Wacker Drive, Suite 900 <br /> Chicago, IL 60606 <br /> Phone: 312-753-6632 <br /> Email: <br /> With a copy to: <br /> Lind Stapley <br /> Soha&Lang <br /> 1325 4th Avenue, Suite 2000 <br /> Seattle, WA 98101-2570 <br /> (206) 654-1686 <br /> Email: <br /> 3.18 Corporate Authority. The Parties represent and warrant that they are corporations <br /> or entities duly organized and validly existing in good standing under the laws of one of the states <br /> of the United States and that they have taken all necessary corporate and legal actions to approve <br /> the making of this Settlement Agreement and that the making and performance of this Settlement <br /> Agreement will not violate any provisions of law or their respective articles of incorporation or <br /> bylaws. <br /> 3.19 Counterparts. This Settlement Agreement shall be executed in duplicate originals, <br /> with City and the Chubb Insurers each retaining one fully executed duplicate original of the <br /> Settlement Agreement. <br /> 3.20 Authorization of Signatures. Each person signing this Settlement Agreement on <br /> behalf of the Parties represents and warrants that he or she is duly authorized to execute this <br /> Settlement Agreement on behalf of City and the Chubb Insurers,respectively, and to bind said <br /> Parties to the terms, conditions, provisions, duties and obligations set forth in this Settlement <br /> Agreement. Electronic signatures are authorized as valid signatures. <br /> 7 <br />