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SETTLEMENT AND RELEASE AGREEMENT <br /> This Settlement and Release Agreement(the"Agreement") is made and entered into as of March 2, <br /> 2012, by and between AMERICAN MOTORISTS INSURANCE COMPANY ("AMICO"), OCD LLC ("OCD"), <br /> TEXTRON FINANCIAL CORPORATION ("Textron"), THE COUNTY OF HAWAII ("County"), 1250 OCEANSIDE <br /> PARTNERS and RED HILL 1250,INC.(collectively,"Oceanside"),HOKULI`A COMMUNITY ASSOCIATION,INC. <br /> ("HCA"), THE CLUB AT HOKULI`A, INC. ( "Club"), GREENWICH INSURANCE COMPANY ("XL"), LYLE <br /> ANDERSON FINANCIAL COMPANY, LLC AND LAFC NORTH AMERICA HOLDING COMPANY, LLC nka <br /> LANDSTAR HOLDINGS WEST,LLC (collectively"LAC"), OASIS MANAGEMENT RESOURCES LLC("OMR"),and <br /> MAROTTA GUND BUDD & DZERA LLC ("MGBD"). AMICO, OCD, Textron, County, Oceanside, HCA, Club, XL, <br /> LAC,OMR and MGBD are collectively referred to herein as the"Settling Parties." <br /> I. RECITALS <br /> A. On April 5,2010,AMICO filed a complaint in the United States District Court for the District <br /> of Hawaii,Civil No.CV 10-00199(SOM-KSC) ("AMICO Lawsuit"). <br /> B. On April 5, 2010, HCA and Club filed a complaint in the Circuit Court of the Third Circuit, <br /> State of Hawaii,Civil No.10-1-116K("HCA Club Lawsuit"). <br /> C. On April 24, 2010,County filed a complaint in the Circuit Court of the Third Circuit,State of <br /> Hawaii,Civil No.10-1-157K("County Lawsuit"). <br /> D. The AMICO Lawsuit, HCA Club Lawsuit and County Lawsuit are collectively referred to <br /> herein as the"Lawsuits". <br /> E. The Lawsuits concerned the Hokulia Project on the Island of Hawaii that was developed by <br /> Oceanside("Project"),and the Mamalahoa Bypass Road and related improvements("Bypass"). <br /> F. The Lawsuits related to improvement agreements and bonds in connection with Project <br /> and/or the Bypass that relate to the following numbered bonds issued by AMICO: 3SM95900900; <br /> 3SM95901000; 3SM95901100; 3SM95901200; 3SM95901400; 3SM95905200; 3SM95905300; <br /> 3SM95905400; 3SM98589800; 3SM98899600; as well as any and all predecessor and superseding bonds, <br /> together with all amendments,supplements and riders to such bonds,and all improvement,maintenance or <br /> development agreements referred to or incorporated by reference in such bonds (collectively, <br /> "Improvement Agreements and Bonds"). <br /> EXHIBIT 24 <br />