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SCOTT DANAHY NAYLON COMPANY, INC. <br /> 6. Policy Territory: <br /> The policy contains no policy territory restrictions. <br /> 7. Reporting: <br /> The Insured shall report the enrollment of all designated contracts. Enrollment <br /> shall be sent to Colony within 60 days from the last day of each calendar quarter. <br /> 8. Premium: <br /> Premiums for all warranties accepted via the Schedule A are considered prepaid <br /> throughout the eight year claim reporting period. <br /> 9. Bankruptcy or Insolvency: <br /> Bankruptcy or Insolvency of the Insured or of the Insured's estate shall not <br /> relieve "The Company" of any of its obligations under this policy. Subject to all <br /> other terms and conditions of this policy, in the event bankruptcy or insolvency <br /> has caused the "Insured"to fail to fulfill its "Contractual Obligations" under its <br /> 'Insured Warranties", the "Company" will reimburse the "Warranty Holder" for the <br /> 411 expenses paid directly by the "Warranty Holder" to repair or replace a field, as <br /> required by "Insured Warranty" and as first approved by the "Company". <br /> 10. Security: <br /> Underwriter— Colony National Insurance Company is rated by AM Best "A" or <br /> Excellent—www.Colonyins.com a member of the Argonaut Insurance Group. <br /> Underwriter-Great American E&S Insurance Company is rated AM Best"A" or <br /> Excellent. <br /> Not withstanding any of the statements provided in this outline, all terms and conditions of <br /> Colony National Insurance Company policy#AR4360406 and Great American E&S <br /> Insurance Company policy #XS2386833 the final measure of coverage to the Insured and <br /> the Insured's clients. <br /> SDN <br /> Hellas Construction,Inc. RFP#12-10-03 P.122 <br />