Settlement Agreement

THIS AGREEMENT made as of [Date of Agreement (ie. July 1, 2002)] between [Name of
Party 1] ("Party 1") of [Address of Party 1] and [Name of Party 2] ("Party 2") of [Address of
Party 2].

WHEREAS:

(A) The parties are engaged in dispute relating to [Brief Description of Dispute (ie. the
proposed purchase by Party 1 of a 2001 Honda Accord from Party 2)]; and

(B) The parties have agreed to resolve the Dispute upon the terms and conditions of this
Agreement;

NOW THEREFORE THIS AGREEMENT WITNESSES that in consideration of the

respective covenants and agreements of the parties herein contained, it is agreed by and between
the parties as follows:

1. The parties hereto agree that the foregoing recitals are true and correct in all material
respects.

2. Party 1 agrees to pay to Party 2, concurrently with the execution of this Agreement, the
sum of [Amount Payable by Party 1 to Party 2 (ie. $15,000)].

3. Except as expressly set forth in paragraph 2 above, the parties hereto hereby release and
forever discharge one another and their respective successors and assigns of and from all
suits, actions, causes of action, damages, claims and demands whatsoever, which they
had, now have or which they, their successors and assigns or any of them hereafter can,
shall or may have against one another for any reason whatsoever, including but not
limited to all actions, causes of action, damages, claims and demands arising out of the
Dispute.

4. Each of the parties covenants and agrees that it will sign such further documents and do
and perform or cause to be done and performed such further and other acts and things that
may be necessary or desirable from time to time in order to give full effect to this
Agreement.

5. This Agreement shall be binding upon and enure to the benefit of the parties and their
respective successors and assigns.
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6. This Agreement may be executed in several counterparts each of which when so executed
shall be deemed to be an original and which counterparts together shall constitute one and
the same instrument. The parties hereby acknowledge and agree that for the purpose of
offer, acceptance and execution of this Agreement, an executed facsimile copy shall
constitute an original executed copy.

IN WITNESS WHEREOF the parties have executed this Agreement as of the date first above
written.

Witness [NAME OF PARTY 1]

Witness [NAME OF PARTY 2]