Century Indemnity Company 10/5/2025

tribal, state, county, city or municipal governmental or quasi -governmental body, and/or any political subdivision, department, agency or instrumentality thereof. M. "Policies" means any and all policies of insurance, whether known or unknown, whether primary, umbrella, excess or otherwise, and whether liability, first party, environmental hazard, environmental impairment, inland marine liability, bumbershoot, automobile or otherwise, issued or allegedly issued by the Insurers: (i) to the City of Everett; andlor (ii) under which the City of Everett claims it is entitled to insurance, rights or benefits, including but not limited to, the policies identified on Exhibit B. III. SETTLEMENT PAYMENT A. Subject to all the terms, provisions and conditions in this Agreement (and in order to resolve, infer alia, the insurance claim made by the City of Everett in connection with the VCP Claim and Environmental Contamination associated with the GTS Site), Insurers will pay to the City of Everett the sum of $199,000 (referred to hereinafter as the "Settlement Amount") within 30 days of the Execution Date. B. The Parties agree and jointly represent that the consideration paid and the waivers and releases given pursuant to this Agreement constitute fair and adequate consideration for the releases granted and other terms of this Agreement. C. The Parties agree that the settlement payment made under this Section III may be allocated to the Insurers' policies as the Insurers deem appropriate. IV. RELEASES Upon the Effective Date, and in consideration of the promises and obligations set forth in this Agreement and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, and subject to all of the terms and conditions in this Agreement: