Settlement Agreement LIPA LLC, an Arizona limited liability company & KUNA LLC, a California limited liability company, collectively dba PLAZA FOUNTAINSIDE SHOPPING CENTER

This contract is a settlement agreement between the Town of Fountain Hills, Arizona, and LIPA LLC and KUNA LLC, collectively dba PLAZA FOUNTAINSIDE SHOPPING CENTER. The agreement resolves potential disputes and claims between the parties related to the care and maintenance of the Town Property and the Company Property. The agreement includes provisions for the removal of encroaching concrete walkways and benches, the removal of sissoo trees, and the payment of $25,000 and $24,999.99 by the Town to the Company. The agreement also includes a mutual release provision, which releases the parties from any and all claims, demands, and causes of action related to the Town Property and the Company Property. • The contract includes a provision for the Company to undertake and complete work as defined in the Estimate attached to the agreement. • The contract includes a provision for the Town to remove sissoo trees from the Company Property. • The contract includes a provision for the Company to remove encroaching concrete walkways and benches from the Town Property. • The contract includes a mutual release provision, which releases the parties from any and all claims, demands, and causes of action related to the Town Property and the Company Property.