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Settlement Agreement Page 3 Claimant Claim Date Claim Amount Paid Amount Reel Fence; Inc. 4/15/10 29,264.81 29,264.81 Rivello Construction Co., Inc. 4/28/10 83,226.15 83,226.15 US Foundry & Manufacturing 2/24/10 38.854.48 38.854.48 Corp. TOTAL $ 454,611.08 5454,611.08 4. The County's Payment to GCNA. Within ten (10) days of the final approval and execution of this Agreement, the County shall pay to GCNA the sum of Two Hundred Sixty - Two Thousand Six Hundred Seventy -Six and 10/100 Dollars ($262,676.0).. These funds shall be available to GCNA to reimburse it for any claims paid to date to suucontrac ors, suppliers and/or laborers of H&D, to satisfy any existing and/or potential future claims by subcontractors, suppliers and/or laborers of H&D, and/or for any and all such additional purposes as may be reasonable and necessary, in the sole and exclusive discretion of GCNA, as a result of GCNA's having issued the various payment and performance bonds to H&D. 5. Final Acceptance of the Contract and Full and Final Release. Execution of this Settlement constitutes full and final completion and acceptance of the work under the Contract. Moreover, upon execution of this Agreement, the County, on the one hand, and GCNA and H&D, on the other, do hereby expressly RELEASE, ACQUIT and FOREVER DISCHARGE each other of and from any and all claims, rights, demands and/or causes of action of whatsoever kind or nature which either party has or may ever claim to have, now or in the future, against the other Party under and/or by reason of the Contract and/or Bond, and the County specifically acknowledges the discharge of the Bond, which shall be of no further force and/or effect. 6. Reservation of Rights as Between GCNA and H&D. This Agreement shall in no way alter, affect, impair or prejudice any rights, claims, causes of action or defenses between GCNA and H&D (or its individual indemnitors) relating to the Contract, Bond, or any other agreements between such parties, regardless of whether such claims arise under contract, statute or at common law. : D - . '• s-its-Autstanding-Abli ation.s--to-G N A under any and ^' z nts-of—indern ity; and-aek-no CCNA harmless fro s,.r—.est d1Ler other pot 7. No Admission of Liability. This Agreement does not constitute an admission of liability on the part of any of the Parties. 8. Binding Agreement. This Agreement shall only extend to and be binding upon the Parties hereto and their respective successors and assigns. Nothing contained in this Agreement shall create any third party beneficiaries to other claimants under the Bond, nor