PYRAMID GROUP INTERNATIONAL, INC. (5)

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Contractors Pollution Liability Policy but it shall not commit the named insured to any settlement without the named insured's consent. If, however, the named insured refuses to consent to a settlement recommended by the Company and elects to contest such claim or continue legal proceedings in connection therewith, the Company's liability shall be limited to the sum of the amount for which the claim could have been settled and all claims expense incurred up to the time of such refusal, which is in excess of the Deductible. The Company's duty to provide for the defense of any insured, to pay damages on behalf of any insured, or to make any payment pursuant to Section I.B., Supplementary Coverages and Payments, shall immediately terminate: 1. If the Limits of Insurance of this Policy become exhausted by payment of damages or claims expenses; or 2. If the named insured fails to fulfill its Deductible obligation as imposed by Section IV. Deductible; or 3. If the application attached hereto and made a part of this Policy, including any addendum or addenda thereto, contains any material misrepresentation of fact. B. SUPPLEMENTARY COVERAGES AND PAYMENTS With respect to such insurance as is afforded by this Policy, the Company shall pay, in addition to the applicable limit of liability, all of the following: 1. All premiums on bonds to release attachments and appeal bonds, limited to that portion of such bond that does not exceed the limit of liability of this Policy but without any obligation of any kind upon the Company to apply for, secure, or furnish any such bonds. 2. Pre -judgment interest and post judgment interest on the full amount of any judgment that accrues after entry of the judgment and before the Company has paid, offered to pay, or deposited in court the part of the judgment that is covered and within the applicable Per Claim or Aggregate Limit of Liability. However, the maximum amount of pre -judgment or post judgment interest the Company will pay under this Policy will be the portion of pre- judgment or post judgment interest accrued on damages covered by this Policy. 3. All reasonable expenses incurred by any insured at the Company's request in assisting the Company in the investigation and defense of any claim, other than loss of earnings, salaries or other compensation paid to the named insured's officers or employees, except as provided in Paragraph 5., below. 4. All costs assessed against any insured in any suit covered under this Policy. 5. Defendant's Reimbursement - The Company will pay an amount of $500 to each insured for each day or part of a day that any insured attends as a witness at any trial, deposition, or interrogatory at which the Company has requested the insured's attendance, or when such attendance is required by the court. This payment shall only apply to appearances involving claims against an insured. The maximum amount payable for all such appearances made during the policy period, shall not exceed $5,000 as a total aggregate, regardless of how many appearances are actua RkleMouganad DlAsim policyperiod, or how many different insureds make appearances, an, 9' " REneveD&ArrRov®Br. other fact, circumstance, or situation. Risk Management Spetialist © Freberg Environmental Inc, 2000 All rights reserved.