The Settlement Agreement (Agreement) entered in this matter resolves Chemtura CorporationÂs liability in connection with the Central Chemical, Delaware Sand & Gravel, Halby Chemical, and Stoney Creek Technologies Sites in Region III, as well as thirteen (13) other EPA sites. The Agreement was negotiated after DOJ filed Proofs of Claim in connection with all the sites in the United States Bankruptcy Court in the Southern District of New York. The Proofs of Claim filed on behalf of Region III requested recovery of response costs incurred and to be incurred in connection with the Central Chemical and Stoney Creek Technologies Sites, enforcement of two (2) Consent Decrees requiring payment of EPAÂs future costs in connection with the Delaware Sand & Gravel and Halby Sites, and recovery of civil penalties and punitive damages resulting from ChemturaÂs violation of two administrative orders issued in connection with the Stoney Creek Technologies Site. The claims arise under Sections 106 and 107 of the Comprehensive Environmental Response, Compensation and Liability Act of 1980, as amended. The Agreement will become effective upon approval of ChemturaÂs Plan of Reorganization which is expected to occur on or about October 15, 2010.