Dept/ Agency: Law Action: ( ) Ratifying (X) Authorizing ( ) Amending Purpose: Pre-Litigation Settlement Docket No.: Not Applicable Claimant: Hess Corporation, LLC, 1501 McKinney Street, Houston, Texas 77010 Claimant's Attorney: Not Applicable Settlement Amount: Not Applicable Funding Source: Not Applicable Additional Comments: This is a Settlement Agreement and Release to pre-litigation with Hess Corporation, LLC, of 1501 McKinney Street, Houston, Texas 77010, the owner of real property located in the City of Newark at 921-979 Delancy Street and designated as Block 5074, Lot 25 on the Official Tax Map of the City of Newark (the “Hess Property”). The Settlement designates Hess as the Redeveloper of the Hess Property. No municipal funds are required.