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3.2. The remaining portion of the fines addressed and assessed in the Judgment are hereby by waived by the City, it being understood that the City's sole remedy shall be the specific enforcement of OC Recycling Parties' obligations under this Agreement. However, OC Recycling Parties acknowledge and agree that OC Recycling Parties' failure to timely meet its obligation under Paragraph 3.1 or the schedule for any milestone in Table 1, subject to an authorized delay under Paragraph 2.2, will subject OC Recycling Parties to a daily fine of $500.00. OC Recycling hereby waives its right to appeal any fine issued under this Paragraph 3.2. 4. Notice of Settlement. In accordance with California Rules of Court, rule 8.244(a), within two (2) business days after the Effective Date, OC Recycling Parties will prepare and sign a Joint Notice of Settlement in substantially the same form as the notice attached to this Agreement as Exhibit B and will send the signed notice to counsel for City. Counsel for City will, within three (3) business days after receiving the signed notice, countersign the notice and file the notice with the Court of Appeal. 5. Stipulation to Dismiss Appeal. In accordance with California Rules of Court, rule 8.244(c), within thirty (30) calendar days after City submits the Notice of Settlement pursuant to Paragraph 4 of this Agreement, OC Recycling Parties will prepare a Stipulation for Dismissal and Proposed Order ("Stipulation") in substantially the same form as the stipulation and order attached to this Agreement as Exhibit C and will send the Stipulation to counsel for City. Counsel for City will countersign and file the Stipulation with the Court of Appeal within fifteen (15) calendar days after receipt of the Stipulation. 6. Acknowledgement of Satisfaction of Judgment. Within ten (10) business days after both the City has received the Payment Amount and OC Recycling Parties have obtained a satisfactory final inspection of the Approved WQMP implementation in accordance with standard City procedures, the City will complete and submit an Acknowledgement of Satisfaction of Judgment using Judicial Council of California Form EJ- 100 or a substantially similar form. 7. Release of Claims. Each Party acknowledges and agrees that it has made an investigation of the facts pertaining to this Agreement. In consideration of the various promises and undertakings, obligations, warranties and representations of each of the Parties to this Agreement, and contingent upon each Party's timely performance of them, OC Recycling Parties and the City each hereby release and forever discharge the other, and each of their stockholders, affiliates, predecessors, successors, directors, trustees, officers, employees, lawyers, accountants and other representatives, including but not limited to 1601 East Edinger, LLC, a California limited liability company, from any and all liability whatsoever, including all claims, demands, and causes of action, of every nature, known or unknown, from the beginning of time until the Effective Date, arising out of, based upon or relating to the 2019 WQMP, any prior WQMP related to the Property or approvals related to those WQMP's, the Citation, the Administrative Appeal, the Superior Court Appeal,