Source: s3://data.kl3m.ai/documents/govinfo/USCOURTS/USCOURTS-cand-5_18-cv-03927/USCOURTS-cand-5_18-cv-03927-0/pdf.json

Nature of Suit Code: 220
Nature of Suit: Foreclosure
Cause of Action: 28:1332 Diversity-Breach of Contract

---

2 

3 

4 

5 

6 

7 

8 

9 

10 

Ned B. Ng, SBN: 282270 

Jonathan Durham, SBN: 278227 

Law Offices of Durham & Ng 

4600 Northgate Blvd., Suite 145 

Sacramento, California, 95834 

Phone: (888)648-4888 

Attorneys for Plaintiffs 

MINGQUAN LIN, BAO.TUN HE, BING HE, MENGYUN TANG, and XUEY AN XU 

Allison C. Lafferty, SBN: 204252 

Kroloff, Belcher, Smart, Perry, & Christopherson 

7540 Shoreline Dr. 

Stockton, CA 95219 

Phone: (209)478-2000 

Attorneys for Defendants 

11 UNITED VENTURE REGIONAL CENTER LLC, BREVIA INN 

AND RESTAURANT, LLC, JOE WU, and GLORIA MEI WU 

12 

13 

14 

15 

16 

17 

18 

19 

IN THE UNITED STATES DISTRICT COURT 

FOR THE NORTHERN DISTRICT OF CALIFORNIA 

MINGQUAN LIN, BAO.JUN HE, BING HE, 

MENGYUN TANG, and XUEYAN XU, 

Plaintiffs, 

V. 

20 UNITED VENTURE REGIONAL CENTER LLC, 

BREVIA INN 

Case No.: 5:18-CV-03927-NC 

JOINT STIPULATION OF DISMISSAL 

WITH PREJUDICE; ORDER 

Action Filed: June 29, 2018 

Trial Date: Not set 

21 AND RESTAURANT, LLC, JOE WU, and 

GLORIA MEI WU, 

22 

23 

24 

Defendants. 

25 TO THE COURT, THE PARTIES, AND THEIR COUNSEL OF RECORD: 

26 Plaintiffs MINGQUAN LIN, BAO.JUN HE, BING HE, MENGYUN TANG, and XUEYAN 

27 XU ("Plaintiffs"), and Defendants UNITED VENTURE REGIONAL CENTER LLC, BREVIA INN 

28 

-1 -

JOINT STIPULATION FOR OF DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 1 of 17
AND RESTAURANT, LLC, JOE WU, and GLORIA MEI WU ("Defendants") (collectively the 

2 "Parties") hereby jointly move the Court for entry of an order confirming the terms of a Settlement 

3 Agreement reached between the parties and dismissing the case with prejudice. The parties further 

4 seek an order by the Court retaining jurisdiction of the case to enforce the terms of the settlement 

5 agreement, if a dispute arises. See Kokkonen v. Guardian Life Ins. Co. of Am., 511 U.S. 375, 114 S. 

6 Ct. 1673, 128 L. Ed. 2d 391 (1994); In re Valdez Fisheries Dev. Ass'n, Inc., 439 F.3d 545 (9th Cir. 

7 2006). 

8 This motion is made pursuant to the Federal Rules of Civil Procedure, rule 41, subsections 

9 (a)(l)(ii) and (a)(2), and Local Rules 7-1 and 7-12. The motion is further based on this Joint Motion of 

1 O the parties, the attached Proposed Order, the Settlement Agreement signed by all parties attached to 

11 this Motion as Exhibit 1, and any other documents the Court may deem necessary to enforcement of 

12 the Settlement Agreement. 

13 The Parties hereby stipulate to the following terms of the Settlement Agreement reached 

14 between them: 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

1. The Parties have agreed to list and sell the property located at 1625 French Camp Turnpike,

Stockton, California ("Property") and agree to sell the Property according to the following

terms:

a. Within 60 days of execution of the Court's Order, Defendants Vl'ill submit to Lei Chen, on

behalf of Plaintiffs, proposals from at least three different licensed Real Estate brokers to

market and list the Property and business for sale. From these three proposals, the

Parties will, within 10 days, jointly consent to retention of one of the proposals and

retain that broker to list and market the Property.

b. Unless otherwise agreed to in a wTiting signed by all Parties, the Property will be listed

for an amount to be determined by consent of all Parties, however, at the time of the

initial listing the listing price shall not be less than $4,700,000.00 ("Minimum Listing

Price"). The Parties shall accept any qualified offer that will result in Net Sales

Proceeds of at least $4,000,000.00. "Net Sales Proceeds" are defined as the net

- 2 -

JOINT STIPULATION FOR OF DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 2 of 17
2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 2. 

16 

17 

18 

19 

20 

. 21 

22 

23 

24 

25 

26 

27 

28 

proceeds to be distributed after payment of the management fee provided in Section 4 

below, the Reserve provided for in Section 5 below; any Broker's Commissions, 

liens, taxes or other closing costs. 

c. Unless otherwise agreed to in a VvTiting signed by all Parties, if after listing and actively

marketing the Property for at least 3 months, there have been no offers received that

will result in Net Sales Proceeds of at least $4,000,000.00, then the Minimum

Listing Price shall be reduced by an amount agreed to between Joe Wu and Lei Chen

of at least 2% per month until a qualified offer is received. The parties agree that they

shall not accept an offer that would result in Net Sales Proceeds of less than

$3,750,000, unless otherwise agreed in writing.

d. The Paiiies agree to jointly make all decisions concerning the marketing and sale of

the Property.

e. The Parties agree to timely review each ofter received from the broker and to respond

within five (5) business days to any offer submitted.

The Parties have agreed to distribute the funds from the sale of the Properiy as follows: 

a. For any sale where the Net Sales Proceeds will be at least $3,750,000 the

distribution of proceeds shall be as follows:

1. Plaintiffs shall receive $2,500,000, a return of their capital contribution.

11. United Ventures Regional Center, LLC shall receive $1,217,517.31, a return

of its capital investment.

111. Any Net Sales Proceeds available from the sale of the Property available for

distribution in excess of $3,750,000 ("Excess") shall be distributed as

follows:

1. Plaintiffs shall receive 50% of the Excess;

2. United Ventures Regional Center, LLC shall receive 50-% of the

Excess.

- .) -

JOINT STIPULATION FOR OF DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 3 of 17
1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

b. If, after marketing the Property pursuant to Section 1 ( c). above, the Net Sales

Proceeds are less than $3,750,000, then the Net Sales Proceeds shall be divided as

follows:

1. Plaintiff's shall receive 70% of the Net Sales Proceeds.

11. United Ventures Regional Center, LLC shall receive 30% of the Net Sales

Proceeds.

3. The Parties agree that United Ventures Regional Center, LLC shall receive a management

fee of 8% of gross sales for 2020, calculated as of the date of close of escrow. This amount

is to be paid to United Ventures Regional Center, LLC at the time of the Sale and shall be

deducted before any determination of Net Sales Proceeds.

4. The Parties agree to withhold and a reserve $50,000 from the sale of the Property. The

Reserve shall be held in an account in the name of Brevia Inn and Restaurant LLC. This

Reserve shall be held for one year following the sale of the Property and shall be used to

cover expenses incurred by either Brevia Inn and Restaurant LLC or BRCA Stockton, LP

related to the sale of the Property, including but not limited to federal, state or local taxes,

CPA fees or attorney fees related to or resulting from the sale or dissolution of BRCA

Stockton, LP. It� after one year from the sale of the Property any of the Reserve remains

unused, it shall be distributed pursuant to the provision for distribution of the Excess in

Section 2(A)(iii) above.

5. The Patiies agree that at or before distribution of the Net Sales Proceeds, provided in

Section 2 above, they shall take all steps necessary to dissolve BRCA Stockton, LP,

including execution of any documents requested for dissolution.

6. Because the Plaintiffs all live in China, Lei Chen of PE Technologies, Inc., shall act as the

representative of Plaintiffs in the decisions to be made pursuant to Section 1 and Section 2

of this Stipulation. Agreement or acceptance signed by Lei Chen, constitutes agreement to

or acceptance by all the Plaintiffs collectively. The final distribution of any funds due

-4 -

JOINT STIPULATION FOR OF DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 4 of 17
1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

PlaintifTs shall be paid to The Law Offices of Durham & Ng Client Trust account for 

disbursement to Plaintiffs. 

7. Defendants agree not encumber or clause any liens to be record against the Property. If

Defendants cause a lien or encumbrance to be recorded against the Property, Defendants,

will at no cost to Plaintiffs, cause the lien or encumbrance to be removed prior to sale of the

Property.

8. Plaintiffs shall record a Release of the Lis Pendens recorded against the Property.

9. The Parties hereby expressly agree and stipulate that the Federal Court Magistrate shall

retain jurisdiction over this matter pursuant to provisions of the Federal Rules of Civil

Procedure.

l 0. The Parties agree that they will not make any negative, disparaging, defamatory or libelous

statements to any third parties regarding any of the other Parties. The foregoing does not 

apply to statutorily privileged statements made to governmental or law enforcement 

agencies or pursuant to court order. 

16 Dated: May 5, 2020 Respectfully submitted, 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

/s/ Ned B. Ng 

Ned B. Ng 

Law Offices of Durham and Ng 

Attorneys for Plaintiffs 

MINGQUAN LIN, BAOJUN HE, BING HE, 

MENGYUN TANG, and XUEYAN XU 

/s/ Allison Cherry Lafferty __ __ _ 

Allison C. Lafferty 

Kroloff, Belcher, Smart, Perry, & 

Christopherson 

Attorneys for Defendants 

UNITED VENTURE REGIONAL CENTER 

LLC, BREVIA INN AND RESTAURANT, 

LLC, JOE WU, and GLORIA MEI WU 

-5 -

JOINT STIPULATION FOR OF DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 5 of 17
 ORDER

2 THIS MATTER having come before the Court on the Joint Stipulation to Dismiss With 

3 Prejudice, submitted by all Plaintiffs and Defendants ("the Pai1ies''), and upon consideration thereof 

4 and for good cause shown, 

5 IT IS HEREBY ORDERED that the Parties' Joint Stipulation and Motion to Dismiss With 

6 Prejudice is GRANTED. The Court orders that all claims shall be dismissed, with prejudice, \Vith each 

7 party to bear its own attorneys' fees, expenses, and costs. 

8 IT IS FURTHER ORDERED that the Court shall retain jurisdiction to enforce the terms of the 

9 Settlement Agreement and Joint Stipulation as follows: 

1 0 11. The Parties have agreed to list and sell the property located at 1625 French Camp Turnpike,

11 Stockton, California ("Property") and agree to sell the Property according to the following

12 terms:

13 a. Within 60 days of execution of the Comt's Order, Defendants will submit.to Lei Chen, on

14 behalf of Plaintiffs, proposals from at least three different licensed Real Estate brokers to

15 market and list the Property and business for sale. From these three proposals, the

16 Parties will, within 10 days, jointly consent to retention of one of the proposals and

17 retain that broker to list and market the Property.

18 b. Unless otherwise agreed to in a writing signed by all Parties, the Property will be listed

19 for an amount to be determined by consent of all Parties, however, at the time of the

20 initial listing the listing price shall not be less than $4,700,000.00 ("Minimum Listing

21 Price"). The Pmties shall accept any qualified offer that will result in Net Sales

22 Proceeds of at least $4,000,000.00. "Net Sales Proceeds" are defined as the net

23 proceeds to be distributed after payment of the management fee provided in Section 4

24 below, the Reserve provided for in Section 5 below; any Broker's Commissions,

25 liens, taxes or other closing costs.

26 c. Unless otherwise agreed to in a writing signed by all Parties, if after listing and actively

27 marketing the Property for at least 3 months, there have been no offers received that

28 

-6 -

JOINT STIPULATION FOR DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 6 of 17
1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

will result in Net Sales Proceeds of at least $4,000,000.00, then the Minimum 

Listing Price shall be reduced by an amount agreed to between Joe Wu and Lei Chen 

of at least 2% per month until a qualified offer is received. The parties agree that they 

shall not accept an offer that would result in Net Sales Proceeds of less than 

$3,750,000, unless otherwise agreed in writing. 

d. The Parties agree to jointly make all decisions concerning the marketing and sale of

the Property.

e. The Parties agree to timely review each offer received from the broker and to respond

within five (5) business days to any offer submitted.

12. The Parties have agreed to distribute the funds from the sale of the Prope11y as follows:

a. For any sale where the Net Sales Proceeds will be at least $3,750,000 the

distribution of proceeds shall be as follows:

1. Plaintiffs shall receive $2,500,000, a return of their capital contribution.

11. United Ventures Regional Center, LLC shall receive $1,217,517.31, a return

of its capital investment.

m. Any Net Sales Proceeds available from the sale of the Property available for

distribution in excess of $3,750,000 ("Excess") shall be distributed as

follows:

1. Plaintiffs shall receive 50% of the Excess;

2. United Ventures Regional Center, LLC shall receive 50-% of the

Excess.

b. If, after marketing the Property pursuant to Section 1 (c). above, the Net Sales

Proceeds are less than $3,750,000, then the Net Sales Proceeds shall be divided as

follows:

1. Plaintiffs shall receive 70% of the Net Sales Proceeds.

11. United Ventures Regional Center, LLC shall receive 30% of the Net Sales

Proceeds.

-7 -

JOINT STIPULATION FOR DISMISSAL WITH PREJUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 7 of 17
1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

13. The Parties agree that United Ventures Regional Center, LLC shall receive a management

fee of 8% of gross sales for 2020, calculated as of the date of close of escrow. This amount

is to be paid to United Ventures Regional Center, LLC at the time of the Sale and shall be

deducted before any detennination of Net Sales Proceeds.

14. The Parties agree to withhold and a reserve $50,000 from the sale of the Property. The

Reserve shall be held in an account in the name of Brevia Inn and Restaurant LLC. This

Reserve shall be held for one year following the sale of the Property and shall be used to

cover expenses incurred by either Brevia Inn and Restaurant LLC or BRCA Stockton, LP

related to the sale of the Property, including but not limited to federal, state or local taxes,

CPA fees or attorney fees related to or resulting from the sale or dissolution of BRCA

Stockton, LP. IC after one year from the sale of the Property any of the Reserve remains

unused, it shall be distributed pursuant to the provision for distribution of the Excess in

Section 2(A)(iii) above.

15. The Parties agree that at or before distribution of the Net Sales Proceeds, provided in

Section 2 above, they shall take all steps necessary to dissolve BRCA Stockton, LP,

including execution of any documents requested for dissolution.

16. Because the Plaintiffs all live in China, Lei Chen of PE Technologies, Inc., shall act as the

representative of Plaintiffs in the decisions to be made pursuant to Section 1 and Section 2

of this Stipulation. Agreement or acceptance signed by Lei Chen, constitutes agreement to

or acceptance by all the Plaintiffs collectively. The final distribution of any funds due

Plaintiffs shall be paid to The Law Offices of Durham & Ng Client Trust account for

disbursement to Plaintiffs.

17. Defendants agree not encumber or clause any liens to be record against the Property. If

Defendants cause a lien or encumbrance to be recorded against the Property, Defendants,

will at no cost to Plaintiffs, cause the lien or encumbrance to be removed prior to sale of the

Property.

18. Plaintiffs shall record a Release of the Lis Pendens recorded against the Property.

-8 -

JOINT STIPULATION FOR DISMISSAL WITH PRE.JUDICE; ORDER 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 8 of 17
1 

2 

3 

4 

5 

6 

7 

8 

9 

10 

11 

12 

13 

14 

15 

16 

17 

18 

19 

20 

21 

22 

23 

24 

25 

26 

27 

28 

19. The Parties hereby expressly agree and stipulate that the Federal Court Magistrate shall

retain jurisdiction over this matter pursuant to provisions of the Federal Rules of Civil

Procedure.

20. The Parties agree that they will not make any negative, disparaging, defamatory or libelous

statements to any third parties regarding any of the other Parties. The foregoing does not

apply to statutorily privileged statements made to governmental or law enforcement

agencies or pursuant to court order.

ENTERED this ___ day of ___ _ , 2020. 

United States District Judge 

- 9 -

JOINT STIPULATION FOR DISMISSAL WITH PREJUDICE; ORDER 

6th M a y 

Case 5:18-cv-03927-NC Document 80 Filed 05/06/20 Page 9 of 17