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with prejudice of the Action.
<br />3. Further Actions. Within seven (7) days after the Settlement Payment
<br />has been sent or delivered pursuant to Paragraph 1, Argent shall cause the Action to be
<br />dismissed with prejudice, by filing the request for dismissal specified in Paragraph 2,
<br />with each Party to bear its own costs and fees. Argent will provide all Parties with a
<br />copy of the conformed request for dismissal with prejudice within seven (7) days
<br />thereafter.
<br />4. Release by Argent. Subject to the exclusions set forth in Paragraph 8
<br />below, Argent for itself and its respective directors, officers, employees, partners,
<br />affiliates, subsidiaries, parent entities, agents, attorneys, sureties, representatives,
<br />successors, and assigns hereby releases SPC, the City, and United and their respective
<br />Council Members, officials, directors, officers, employees, members, manager, partners,
<br />affiliates, subsidiaries, parent entities, agents, attorneys, sureties, representatives,
<br />successors, and assigns from any and all liabilities, demands, losses, expenses, causes
<br />of action, damages, attorney's fees and costs, penalties, and interest (whether known or
<br />unknown, existing or not yet existing, accrued or unaccrued, legal or equitable, actual or
<br />potential, and hereinafter referred to as "Claims") that (a) relate to or were asserted in
<br />the Action or the Stop Payment Notice or (b) relate to any amounts Argent asserts it is
<br />owed in connection with the Project.
<br />5. Release by SPC. Subject to the exclusions set forth in Paragraph 8
<br />below, SPC for itself and its respective directors, officers, employees, members,
<br />managers, partners, affiliates, subsidiaries, parent entities, agents, attorneys,
<br />representatives, successors, and assigns hereby releases the City and Argent and their
<br />respective Council Members, officials, directors, officers, employees, partners, affiliates,
<br />subsidiaries, parent entities, agents, attorneys, successors, and assigns from any and all
<br />Claims that relate to or were asserted in the Action or the Stop Payment Notice.
<br />6. Release by the City. Subject to the exclusions set forth in Paragraph 8
<br />below, the City for itself and its respective Council Members, officials, officers,
<br />employees, members, managers, partners, affiliates, subsidiaries, parent entities, agents,
<br />attorneys, representatives, successors, and assigns hereby releases SPC, United, and
<br />Argent in connection from any and all Claims that relate to or were asserted in the Action
<br />or the Stop Payment Notice.
<br />7. Release by United. Subject to the exclusions set forth in Paragraph 8
<br />below, United for itself and its respective directors, officers, employees, members,
<br />managers, partners, affiliates, subsidiaries, parent entities, agents, attorneys,
<br />representatives, successors, and assigns hereby releases the City and Argent, and their
<br />respective Council Members, officials, directors, officers, employees, partners, affiliates,
<br />subsidiaries, parent entities, agents, attorneys, successors, and assigns from any and all
<br />Claims that relate to or were asserted in the Action or the Stop Payment Notice, provided,
<br />however, that United only releases its rights of subrogation against Project contract funds
<br />held by the City to the extent of the Settlement Payment by the City to Argent.
<br />8. Exceptions to Release. Notwithstanding any provisions of this
<br />Agreement, including without limitation the releases set forth in Paragraphs 4 through 7,
<br />the following are not released, waived, or impaired:
<br />ATTY/AGR/SETTLEMENTS/SETTLEMENT -ARGENT MATERIALS INC.
<br />REV: 01-14-21 MI
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