Safety National Casualty Corporation 4/25/2020

CITY SETTLEMENT AGREEMENT AND SITE RELEASE This SETTLEMENT AGREEMENT AND SITE RELEASE ("Agreement") is entered into (as of the Execution Date, as hereinafter defined) and effective (as of the Effective Date, as hereinafter defined) by and between: (i) City of Everett ("City") (on behalf of the "City Releasees" as hereinafter defined); and (ii) Safety National Casualty Corporation (on behalf of the"Safety National Releasees" as hereinafter defined). I. RECITALS WHEREAS, the City of Everett is the owner and/or operator of property located at 2731 36th St., Everett, WA, consisting of three tax parcels identified as follows: Parcel 2905290040100 (a 1.39 acre parcel owned by the City of Everett); Parcel 29052900400800 (a 0.55 acre portion of the 36th Street right-of-way); and the 1.50-acre Parcel 2905290040150. These three tax parcels, generally addressed at 2731 36th St., Everett, WA, potentially include properties addressed or otherwise referred to as "2815 36th Street SE", and "2931 36th Street," and are collectively referred to herein as the "GTS Site." The GTS Site has allegedly been contaminated with various hazardous substances that are recognized to come within the substantive requirements of the Model Toxics Control Act, RCW 70.105D.080 et seq.; WHEREAS, as a result of the alleged Environmental Contamination (as hereinafter defined) at and around the GTS Site (as hereinafter defined), the City of Everett allegedly has incurred and allegedly will continue to incur environmental investigation and remediation costs and other costs; WHEREAS, in or around October 2009, the City of Everett submitted an application for inclusion of the GTS Site in the Voluntary Cleanup Program of the Washington Department of Ecology ("Ecology") with respect to alleged pollution at the GTS Site; and by letter dated June Settlement Agreement and Site Release Page—1 2625918/1470.0003