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and the rights and obligations of the PARTIES hereunder shall be construed and enforced in <br /> accordance with, and governed by, the laws of the State of California, in effect as of the date <br /> hereof. <br /> 5.21 No Admission of Liabilitv. Nothing in this Agreement shall be construed as an <br /> acknowledgment, admission, concession, or stipulation of liability or wrongdoing by either <br /> party. <br /> 5.22 No Third Partv Beneficiary. The terms and provisions of this Agreement shall be <br /> binding upon and inure to the benefit of the PARTIES, and their respective successors and <br /> assigns, and is made solely and specifically for their benefit. No other person shall have any <br /> rights, interest or claims hereunder or be entitled to any benefits under or on account of this <br /> Agreement as a third-party beneficiary or otherwise. <br /> IN WITNESS WHEREOF the PARTIES hereto have executed this Agreement on the <br /> dates written below. <br /> READ CAREFULLY BEFORE SIGNING: <br /> Dated: January f`�, 2016 TED J. HANNIG, an indiv'dual <br /> �� <br /> ._ <br /> By` <br /> TED J. A <br /> Dated: January �� , 2016 CITIZENS FOR THE PUBLIC TRUST <br /> � � <br /> By• `E'(� �! V� ��/Fi►' �� <br /> Elmer Guerrero, President <br /> Dated: January a � , 2016 CITY OF REDWOOD CITY <br /> By_ �/ �� <br /> Melissa Stevenson Diaz, City Manager <br /> // <br /> SETTLEMENT AGREEMENT <br /> Page 8 of 9 <br /> OAK#4839-2370-0524 vl l <br /> 05674-0029 <br />