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TERMS OF SETTLEMENT AGREEMENT <br />The terms and conditions of the Settlement are provided herein. <br />2. Fines. Fees. and Abatement Costs. In consideration for the final settlement of this <br />matter, and in accordance with the terms of this Agreement, Property Owners stipulate and agree <br />to pay the City a total of Twenty -Nine Thousand, Two Hundred and Ninety -Four U.S. Dollars <br />and Ten Cents ($29,294.10) in fines, fees, and abatement costs (`Settlement Payment"). The <br />Settlement Payment shall made payable to the City within thirty (30) days of the execution of this <br />Settlement Agreement. The Settlement Payment shall be made to "City of Santa Ana" as follows: <br />City of Santa Ana, Santa Ana City Attorney's Office, 20 Civic Center Plaza, M29, P.O. Box <br />1988, Santa Ana, California 92702. <br />3. Release. Except for the obligations and covenants provided herein, the Property <br />Owners, on behalf of themselves and past, present, and future predecessors, successors, affiliates, <br />heirs, assigns, officers, officials, directors, shareholders, members, managers, agents, employees, <br />servants, trustees, fiduciaries, parent and subsidiary organizations, partners, attorneys, insurers, <br />representatives, accountants, and all persons acting by, through, under, or in concert with them, <br />or any of them, and each of them (collectively referred to herein as the "Releasing Parties"), <br />hereby release, relinquish, acquit, remise, and discharge City, and its past, present, and future <br />predecessors, successors, affiliates, heirs, assigns, officers, officials, directors, managers, agents, <br />employees, servants, trustees, fiduciaries, subsidiary organizations, partners, attorneys, insurers, <br />representatives, accountants, and all persons acting by, through, under, or in concert with them, <br />or any of them, and each of them (collectively referred to herein as the "Released Parties"), from <br />any and all past, or present rights, claims, demands, obligations, losses, debts, liabilities, offsets, <br />promises, acts, omissions, agreements, costs and expenses, damages, injuries, suits, allegations, <br />appeals, actions and causes of action for damages, equitable relief, and compensation of every <br />kind and nature whatsoever, whether known or unknown, suspected or unsuspected, contingent <br />or fixed, whether past or present whether based in contract, tort, statute, or other legal or <br />equitable theory of recovery, which, as of the date of this Agreement, the Releasing Parties have <br />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 Owners acknowledge that they has been advised by legal counsel <br />and are familiar with the provisions of California Civil Code Section 1542, which provides as <br />follows: <br />"A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS <br />WHICH THE CREDITOR DOES NOT KNOW OR SUSPECT <br />TO EXIST IN HIS OR ITS FAVOR AT THE TIME OF <br />EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR <br />Page 2 of 7 <br />