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to comply with all applicable federal, state and local laws, rules and regulations arising out of,
<br /> based upon, or relating to, relocation assistance or benefits owing under the Uniform Relocation
<br /> Assistance and Real Property Acquisition Policies Act of 1970, 42 U.S.C. Section 4601 et seq.,
<br /> and the California Relocation Act, Govt. Code Section 7260 et seq., and its implementing
<br /> regulations, 25 Cal. Code Regs. Section 6000 et seq. or under any other federal, state or local
<br /> relocation statutes, regulations or guidelines, including but not limited to, any such regulations or
<br /> guidelines of the City of Redwood City or the County of San Mateo (collectively, "Relocation
<br /> Benefits "). Accordingly, Owner, for itself and for its agents, successors, assigns, fully releases,
<br /> acquits and discharges Optionee and its officers, officials, members, directors, council members,
<br /> employees, attorneys, accountants, other professionals, insurers, and agents, and all entities,
<br /> boards, commissions, and bodies related to any of them (collectively, the "Released Parties "),
<br /> from all Claims that Owner, or any of them, has or may have against the Released Parties for all
<br /> Relocation Benefits arising out of or related to Optionee's acquisition of the Property or the
<br /> displacement of Owner or any person claiming under Owner from the Property.
<br /> (b) Waiver of Property Rights and Interests. Upon receipt by Owner of the
<br /> Purchase Price, Owner for itself and for its agents, successors and assigns fully releases, acquits
<br /> and discharges Optionee and the Released Parties from all Claims that Owner, its agents,
<br /> successors and assigns has or may have against the Released Parties arising out of or related to
<br /> Optionee's acquisition of the Property or the displacement of Owner from the Property
<br /> including, without limitation, all of Owner's property rights and interests in the Property,
<br /> including but not limited to (i) all leasehold interests and rights of tenancy or occupancy, (ii) all
<br /> improvements, including improvements pertaining to the realty, furniture, fixture, and
<br /> equipment, (iii) business goodwill and lost income (past or future) relating to the Property, (iv)
<br /> Owner's failure to locate a suitable replacement location, (v) lost rental income or sublease or
<br /> license income, (vi) severance damages and pre- condemnation damages, if any, (vii) economic
<br /> or consequential damages, (viii) professional consultant fees, attorney's fees and costs, expert
<br /> witness fees and costs, interest, and (ix) all other costs, and any and all compensable interests,
<br /> and /or damages, and /or claims, of any kind and nature, claimed or to be claimed, suffered or to
<br /> be suffered, by Owner, its agents, successors and assigns by reason of Optionee's acquisition of
<br /> the Property or Owner's displacement from the Property. Notwithstanding the above, Optionee
<br /> and the Released Parties shall not be released from any obligations to indemnify or hold
<br /> harmless Owner or Owner's Parties to the extent otherwise provided in this Agreement.
<br /> (c) Waiver of Civil Code Section 1542. Owner, on behalf of itself and its
<br /> agents, successors and assigns, expressly waives all rights under Section 1542 of the Civil Code
<br /> of the State of California ( "Section 1542 "), or any other federal or state statutory rights or rules,
<br /> or principles of common law or equity, or those of any jurisdiction, government, or political
<br /> subdivision thereof, similar to Section 1542 (hereinafter referred to as a "Similar Provision ").
<br /> Thus, Owner and its agents, successors and assigns, and any business, enterprise, or venture in
<br /> which they are involved, may not invoke the benefits of Section 1542 or any Similar Provision in
<br /> order to prosecute or assert in any manner the matters Released in Paragraph 25(a) or
<br /> Paragraph 25(b) above. Section 1542 provides as follows:
<br /> "A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDITOR
<br /> DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE TIME OF
<br /> EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER MUST HAVE
<br /> Option Agreement 80 Chemical
<br /> 10.01. 2010 v.7
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