THIS ADMINISTRATIVE SETTLEMENT AGREEMENT AND ORDER ON CONSENT IS ENTERED INTO VOLUNTARILY BY THE UNITED STATES ENVIRONMENTAL PROTECTION AGENCY AND THE DOW CHEMICAL COMPANY. THIS SETTLEMENT AGREEMENT PROVIDES FOR THE PERFORMANCE OF REMOVAL ACTIONS BY RESPONDENT AND THE REIMBURSEMENT OF CERTAIN RESPONSE COSTS INCURRED BY THE UNITED STATES AT OR IN CONNECTION WITH THE AREA KNOWN AS REACH O WHICH IS A POINT BAR SITUATED PARALLEL TO THE NORTHEAST BANK OF THE TITTABAWASSEE RIVER, APPROXIMATELY 6 MILES DOWNSTREAM OF THE CONFLUENCE OF THE CHIPPEWA AND TITTABAWASSEE RIVERS AND LOCATED WITHIN OR IMMEDIATELY ADJACENT TO, THE DOWN CHEMICAL COMPANY PROPERTY LOCATED TO THE SOUTH OF NORTH SAGINAW ROAD IN MIDLAND COUNTY, MICHIGAN.