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or had acquired by the Releasing Parties against any of the Released Parties, arising out of, <br />concerning, pertaining to, or in any way connected to the Property Owners' ownership and use of <br />property in Santa Ana as a nuisance within the meaning of the Santa Ana Municipal Code. <br />These released claims are collectively referenced herein as the "Claims." <br />4. California Civil Code Section 1542 Waiver. With respect to the released Claims <br />set forth herein; the Property Owner acknowledges that he has been advised by legal counsel and <br />is familiar with the provisions of California Civil Code Section 1542, which provides as follows: <br />"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS <br />WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT <br />TO EXIST 1N HIS OR. ITS FAVOR AT THE TIME OF <br />EXECUTING THE RELEASE, WHICH IF KNOWN BY MIM OR <br />HER MUST' HAVE MATERIALLY AFFECTED HIS OR HER <br />SETTLEMENT WITH THE DEBTOR," <br />THE PROPERTY OWNER, BEING AWARE OF SAID CODE SECTION, .HEREBY <br />EXPRESSLY WAIVES ANY RIGHTS HE MAY HAVE THEREUNDER, AS WELL AS <br />UNDER ANY OTHER STA'T'UTES OR COMMON LAW PRINCIPLES OF SIMILAR <br />EFFECT PERTAINING TO THE RELEASED CLAIMS, <br />The Parties, and each of them, represent and warrant to the other that they execute this <br />Agreement with fill knowledge of any and all rights which they may have by reason of any of the <br />matters described herein and they have received herein. Each Party hereby further assumes the <br />risk of mistake of fact in connection with the true facts involved in connection with the matters <br />described herein, and with respect to any facts which are now unknown to them relating thereto, <br />and agrees that this Agreement shall be in all respects enforceable and not subject to termination <br />or rescission by any such difference in facts. <br />5. Successors and Assigns. This Agreement and all terms, conditions, and <br />obligations contained herein, including, but not limited to, the release of Claims set forth herein, <br />are binding upon and inure to the benefit of any assigns and successors -in -interest of the Parties. <br />Each of the Patties represents and warrants that none of the Claims or causes of action being <br />released herein has been transferred, assigned, or otherwise conveyed to any other person or <br />entity, and each of the Parties is the holder of the Claims being released. <br />6. Representations. Each Party further represents and warrants, as to itself, but not <br />as to any other Party, as follows: <br />(a) Each Party is the sole and lawful owner of all right, title, and interest in and to <br />every Claim and other matter that each such Party releases herein, and that each such Party has <br />not heretofore assigned or transferred, or purported to assign or transfer, to any person, firm, or <br />entity any Claims or other matters herein released. <br />(b) Each Party has received or has had the opportunity to receive independent legal <br />Page') of 7 <br />