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'. 1. Consideration. a. City agrees to pay to Lee's Lawnmowers, and Lee's Lawnmowers agrees to accept from City, as and for full consideration and in satisfaction for any and all claims regarding the relocation of the business from the relocation sites, including without limitation, relocation assistance, relocation benefits, business goodwill, loss of business goodwill, compensation for personal property, furniture, fixtures & equipment, damages of any kind or nature, and any and all other claims known or unknown relating to the relocation of Lee's Lawnmower the total sum of FORTY THOUSAND DOLLARS AND NO CENTS ($40,000.00). b. Lee's Lawnmower shall execute a Quitclaim Deed in favor of the City, relinquishing, releasing and forever quitclaiming all right, title and interest in and to the relocation sites, including any and all improvements pertaining to the realty, improvements, furniture, fixtures and equipment, free and clear of all recorded and unrecorded encumbrances, liens, assessments, leases and taxes. Lee's Lawnmowers agrees to execute this Quitclaim Deed upon execution of this Agreement, but in no event later than June 1,2000. c. City agrees to disburse this sum to Lee's Lawnmowers no later than ten (10) working days after the following conditions are met: (i) execution of this Agreement by Lee's Lawnmowers and the City; and (ii) execution of a Quitclaim deed by Lee's Lawnmowers relating to the improvements, furniture, fixtures and equipment that were left behind at it prior tenant spaces at the relocation sites, as set forth in greater detail in paragraph 1.b., above. d. The City's payment will be made by warrant payable and delivered to Ruzicka, Snyder & Wallace, client trust account, at 130 Newport Center Drive, Suite 1000, Newport Beach, California 92660, in trust for Lee's Lawnmowers. - 2 -