PYRAMID GROUP INTERNATIONAL, INC. (5)

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Professional Liability Insurance Policy The Company shall reimburse the Insured, upon the Insured's written request, for reasonable and necessary legal fees and expenses incurred in responding to any: 1. Administrative or Regulatory Action brought against the Insured by the Environmental Protection Agency, any state or local environmental regulatory agency, or any other government official or regulatory agency, or any court, provided that the action arises out of a Wrongful Act, in the performance of Professional Services, committed or alleged to have been committed by the Insured on or after the Retroactive Date set forth in the Declarations and before the and of the Policy Period, and 2. Disciplinary Proceedings commenced against the Insured by a regulatory or disciplinary office, board or agency, to investigate charges of professional misconduct arising out of a Wrongful Act in the performance of Professional Services. The maximum total amount the Company will pay under this Policy for reimbursement for all administrative, regulatory and disciplinary legal fees and expenses is $50,000, regardless of the number of Insureds or the number of Administrative or Regulatory Actions or Disciplinary Proceedings. After the Company has paid $50,000 under this provision, the Company shall not be obligated to pay any further legal fees and expenses. B. DEFENDANTS REIMBURSEMENT The Company will pay an amount of $500 to each Insured for each day or part of a day that the Insured attends as a witness at any trial, hearing or deposition involving a Claim against such Insured, 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 the Insured. The maximum amount payable for all such appearances shall not exceed $10,000 as a total aggregate, regardless of how many appearances are actually made, or the number of Insureds making appearances, and regardless of any other fact, Circumstance or situation. C. IMAGE RESTORATION COSTS REIMBURSEMENT The Company shall reimburse the Named Insured up to a maximum of $50,000 per Policy Period, for image restoration costs arising out of damage to the Insured's reputation or consumer confidence as a result of a Claim covered under the Policy. Image restoration costs shall be limited to reasonable costs, expenses and fees incurred by the Named Insured, paid to a public relations firm, approved by the Company, for the purpose of restoring the Insured's reputation or consumer confidence through image restoration consulting. D. MEDIATION CREDIT If the Named Insured and the Company agree to utilize Mediation as a means to resolve a Claim made against the Insured, and if such Claim is resolved as a direct result of the Mediation and prior to any litigation, the Named Insured's deductible obligation shall be reduced by fifty percent (50%), subject to a maximum reduction of $25,000. As soon as practicable following the conclusion of such Mediation, the Company shall reimburse the Named Insured for any reimbursable deductible payment made by the First Named Insured prior to the Mediation. E. PREMIUMS ON BONDS ECC-1313-0118 © Freberg Environmental, 2018 All rights reserved. RZ Ewmb AppwN JBY A4u A�zv44 Risk Management Spea Ylst -