1998-124-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 16TH DAY

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1984 Agreement; THENCE Southerly and easterly with said apportioned extraterritorial jurisdiction line to the place of beginning. B. During such period, PARIS shall not oppose on the grounds that area is within the extraterritorial jurisdiction of PARIS, and its City Council shall consent to, if necessary, annexations by RENO within the defined area which otherwise comply with applicable statutes, even if the area to be annexed is, at that time, within PARIS's extraterritorial jurisdiction. The defined area is shaded in green on the attached Exhibit "1." 5. The Parties each understand and agree that the conditions given under this agreement are in full satisfaction of all injuries and damages arising on account of the above-described events and that they will receive no further sums of money therefrom. RENO agrees to not assert or prosecute any further claims or lawsuits therefore against anyone whomsoever, whether or not herein or otherwise named, described or identified. Any and all claims against parties not specifically released herein, if any, are hereby assigned in full to the parties hereby released. 6. RENO and PARIS hereby represent and warrant to each other and to the Court that no promises, representations, or agreements not set out herein have been made to them; that this Compromise Settlement & Release of All Claims is executed without reliance upon any statement or representation of any person or parties released or their representatives, concerning the nature and extent of the injuries, damages, and/or legal liability therefor; that acceptance of the consideration set forth herein is a full accord and satisfaction of a disputed claim, which is expressly denied; and that this Compromise Settlement & Release of All Claims is made of their own free will and accord after consulting with and acting upon the advice of their attorneys. 7. For the same consideration, it is agreed that an agreed judgment will be approved and entered in the above-styled suit and that costs of court, including attorneys' fees, will be taxed to the party incurring the same. 8. Although originally drafted by attorneys for the RELEASED PARTIES, this Compromise Settlement & Release of all Claims is a contract which is the product of negotiations between the parties and attorneys for the parties and which shall, in the event of any dispute over its meaning or application, be interpreted fairly and reasonably, and neither more strongly for or against either party. This document contains the entire agreement of the parties hereto. 9. The City Councils of RENO and PARIS have held special sessions in their respective Cities and have authorized this Compromise Settlement & Release of all Claims as shown by the signatures of their authorized agents below. THE PROVISIONS OF THIS COMPROMISE SETTLEMENT & RELEASE OF ALL Compromise Settlement & Release of All Claims - Page 4