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Docusign Envelope ID:9CBEDCE3-696B-4C55-9FC6-3A8DE9663BF9 <br /> to the following terms and conditions as a complete and final resolution of the <br /> Action: <br /> 4. Settlement Terms <br /> 4.1 Bruce Metal Will Cease Operations <br /> The Parties agree that Bruce Metal will cease all operations at the <br /> Property within thirty-six (36) months from this Agreement's Effective Date <br /> or March 31, 2028, whichever occurs first. <br /> 4.2 Bruce Metal Will "Freeze" Its Business as it Exists on February <br /> 5, 2025 <br /> Bruce Metal will be allowed to continue the current recycling use on- <br /> site during its current hours for the duration of the Amortization Period. <br /> Bruce Metal will not expand, alter, or change the nature of its business at the <br /> Property during the Amortization Period. The Parties agree Santa Ana <br /> maintains the right to enforce provisions of the Santa Municipal Code or <br /> state law if Bruce Metal expands or alters its business operations from its <br /> status on February 5, 2025 or if Santa Ana discovers there is an expansion, <br /> addition, or new nuisance created by Bruce Metal's ongoing operations. <br /> 4.3 Bruce Metal CUPS Become Null and Void <br /> Bruce Metal agrees all CUPS associated with the Property shall be null <br /> and void and of no further effect upon expiration of the Amortization Period. <br /> SETTLEMENT AGREEMENT <br /> 6 <br /> 73153250v1 <br />