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05/19/99 16:22 FAX 3037962777 BURNS FIGA & WILL IM011/014 <br /> 20. - 8-Each of the parties hereto severally represents, warrants as id agrees on its own <br /> behalf and on behalf of its respective predecessors, successors, heirs, assigns, executors, <br /> administrators,trustees in bankruptcy and agents as follows: <br /> (a) each party has the full power and authority to executt;, deliver and perform <br /> this Settlement Agreement and has been duly authorized to do so; <br /> (b) each party has not sold, assigned or otherwise trap:ferred any interest in <br /> the claims, demands, actions, causes of action or rights that are the subj-ct of this Settlement <br /> Agreement to any person or entity which is not a party to this Settlement A Veement; <br /> (c) each party has read this Settlement Agreement and fully understands its <br /> contents; <br /> (d) each party is ,executing this Settlement Agrees nent and any other <br /> documents contemplated herein wholly upon its own valuation, individua judgment, belief and <br /> knowledge upon the advice of counsel and this Settlement Agreement is :nade without reliance <br /> upon any statement or representation of any other party except thos,; representations and <br /> warranties expressed in this Settlement Agreement or in separate written d:)cuments executed by <br /> and between the parties with or after the execution of this Settlement Agrec ment; <br /> (e) each party to this Settlement Agreement is validly (irganized and existing <br /> under the laws of the place of its incorporation or organization and is (It iy authorized to enter <br /> into the legal commitments contained in this Settlement Agreement; and <br /> (f) the signature and execution of this Settlement Al reement is made and <br /> undertaken by an individual who is authorized to execute the Settleme-it Agreement and the <br /> separate written documents executed by and between the parties with cr after the execution of <br /> this Settlement Agreement and to consummate the transactions contemplat A hereby. <br /> 10 <br />