SETTLEMENT AND POLICY BUYBACK AGREEMENT AND RELEASE BETWEEN CONGOLEUM CORPORATION AND SEATON INSURANCE COMPANYSettlement and Policy Buyback Agreement • March 31st, 2010 • American Biltrite Inc • Plastics products, nec • New Jersey
This Settlement and Policy Buyback Agreement and Release (“Agreement”) is hereby made as of January 29, 2010, by and between CONGOLEUM CORPORATION (“Congoleum”), a debtor-in-possession under Chapter 11 of the U.S. Bankruptcy Code, and SEATON INSURANCE COMPANY, in its own right and as the successor in interest to Unigard Mutual Insurance Company (“Seaton”).
