EXHIBIT 10.1
Southland Holdings, Inc.
EXECUTION VERSION
SETTLEMENT AGREEMENT
THIS SETTLEMENT AGREEMENT (“this Agreement”) is made effective as of August 26, 2026 (“Effective Date”), by and among LIBERTY MUTUAL INSURANCE COMPANY (“Liberty”), ZURICH AMERICAN INSURANCE COMPANY and FIDELITY and DEPOSIT COMPANY OF MARYLAND (collectively, “Zurich” and together with Liberty, individually and collectively “Sureties” and each a “Surety”); AMERICAN BRIDGE COMPANY (“ABC”), AMERICAN BRIDGE HOLDING COMPANY, AMERICAN BRIDGE MANUFACTURING COMPANY, AMERICAN DOCK & TRANSFER COMPANY, AMERICAN BRIDGE INTERNATIONAL CORPORATION, and AMERICAN BRIDGE CANADA COMPANY (collectively “ABC Group”); and SOUTHLAND HOLDINGS, LLC (“Southland,” together with ABC Group, individually and collectively “Indemnitors”). All capitalized terms will have the meanings set out in this paragraph, the recitals, and Section 1.
WHEREAS, Sureties have extended certain surety credit to ABC Group, in the form of payment, performance, and other Bonds issued by Sureties on behalf of ABC Group;
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