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Whereas, CITY representatives have met with DTI representatives on several occasions <br />to determine if an agreement could be reached to resolve the Dispute; and <br />Whereas, the PARTIES have agreed to settle all of their respective rights and liabilities <br />related to the Dispute and agreed to equitably resolve their differences in accordance with the <br />terms set forth in this Agreement. <br />III. <br />TERMS OF AGREEMENT <br />NOW, THEREFORE, IN EXCHANGE FOR MUTUAL RELEASES DETAILED <br />BELOW AND FOR FULL AND ADEQUATE CONSIDERATION, AND THE TERMS, <br />CONDITIONS, AND COVENANTS CONTAINED HEREIN, THE PARTIES HERETO <br />AGREE AS FOLLOWS: <br />1. Incorporation of Recitals. The PARTIES hereby agree to incorporate each and <br />every Recital set forth above as fully set forth herein. <br />2. Term of the Agreement. The PARTIES acknowledge that the Agreement shall be <br />for an Initial Term of three (3) years, commencing on January 31, 2013, and terminating on <br />January 31, 2016, unless terminated sooner pursuant to any violations of the provisions of this <br />Agreement. The Term of this Agreement shall be automatically renewed in one (1) year <br />Renewal Terms, unless notice of termination is given at least six (6) months, but not more than <br />eight (8) months, prior to the expiration of the Initial Term or any Renewal Term. The City <br />Manager shall have the authority to accept or issue a notice of termination on behalf of the <br />CITY. <br />3. Obligations of the Parties. CITY and DTI agree to perform various obligations as <br />set forth in Exhibit A to this Agreement. <br />4. Mutual General Release. Except as otherwise set forth in this Agreement, the <br />PARTIES hereto for themselves, their agents, successors, assigns, owners and buyers, do hereby <br />release and discharge each other, and their respective representatives, heirs, executors, <br />administrators, conservators, conservatees, successors, assigns, agents, attorneys, and employees <br />of, and from any and all claims, demands, debts, obligations, liabilities, costs, expenses, rights of <br />action, causes of actions and judgments of any kind or character whatsoever, arising in whole or <br />in part prior to the date first above written, or which may hereafter be claimed to arise in whole <br />or in part out of the Dispute. <br />Each of the PARTIES acknowledges and agrees that the Released Claims include all <br />claims of every nature and kind whatsoever, whether known or unknown, suspected or <br />unsuspected, and further acknowledges that it may hereafter discover facts different from, or in <br />addition to, those which it now knows, or believes to be true with respect to the Released Claims. <br />Nevertheless, the PARTIES agree that the foregoing release shall be, and shall remain in effect <br />in all respects, notwithstanding such different or additional facts, or the discovery thereof, and <br />hereby expressly waive any and all rights provided in California Civil Code Section 1542, which <br />provides as follows: <br />Page 2 of 9 <br />Settlement, Release Agreement <br />55394.00000\7778447.1 <br />