PYRAMID GROUP INTERNATIONAL, INC. (5)

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Contractors Pollution Liability Policy In the event of a claim, or any insured's knowledge of circumstances which could reasonably be expected to give rise to a claim, the named insured shall have the duty to provide written notice to the Company as soon as practicable. This written notice shall be given whether or not the named insured believes that the claim, or incident giving rise to the insured's knowledge, will result in a demand that falls under, or in excess of, the Deductible. Written notice shall be given to the insurance company shown in the Declarations, in care of: Claims Berkley Custom Insurance Managers 3 Stamford Plaza 301 Tresser Blvd., 6th Floor Stamford, CT 06901 E-mail: feiclaims@berkleycustom.com Fax: 855-999-0797 Toll Free Phone: 855-597-7616 Such written notice must contain complete details, including, but not limited to, the exact date the claim was made, location, circumstances giving rise to such claim, the name of all claimants and a full description of the nature and scope of the allegations. These duties of the insured hereunder shall be non -delegable. B. COOPERATION AND ASSISTANCE OF THE INSURED Each insured shall have the duty to fully cooperate with and assist the Company, with respect to the investigation, defense, settlement, arbitration or appeal of any claim. No insured shall be indemnified hereunder for loss of earnings incurred in such cooperation or assistance, except as provided in Section I.B., Supplementary Coverages and Payments, Paragraph 5., Defendant's Reimbursement, nor shall such loss of earnings apply towards the satisfaction of the Deductible. C. ACTIONS PREJUDICIAL TO THE COMPANY In the event of a claim, no insured shall undertake any of the following actions, without the Company's prior, written consent: 1. Engage counsel to provide legal representation; or 2. Assume any obligation, other than the reasonable efforts required to satisfy the duty to mitigate damages as provided in Section VI., Conditions, Paragraph G., Mitigation; or 3. Forgive, reduce in amount or otherwise compromise any compensation owed or allegedly owed the named insured; or 4. Admit, or in any manner acknowledge liability; or 5. Effectuate or attempt to effectuate settlement, including, but not limiter++^ o^+-.i^- in+r a consent decree involving the assignment of the insured's interest u ReneA'En 6 APPROVED Sr. A.-ju Ac welo Rhk Management Specialist © Freberg Environmental Inc, 2000 All rights reserved.