Page 1

SETTLEM~'NT A,ND RELF,ASE AG1t1:~MENT

'17~is Sctticme~3t and Itelcase Agrccment ("A~reei~~ent"} is made by, bettiveen, and among

the following; undersigned panics:

The federal Deposit lnsurancc C'.orpc~ratinn ~~s Receiver• for D(7RAI~ BANK YLI~RTC~

RICO {"E~UIC-IL"), atiel CiLLN t'~AK~MAN and I.NRIC~UF, tJR~1RRt {collectively the "Sett}ietg

()f'ticei•s~'), and t11~'Dt~R~,VRI'C~:KS AT I,I,C7YT1'S, I,QI~ID~N BY Ct1TLIN II~~SURANCL:

SERVICES, Ii~iC.; LAND;VIARK AMERICAiv I'~ISLIR1INC'.F. COME'ANY; and EVERL'S7'

ILIATInNAI, I~IStJRANcr C',~MP~NY {'`{nsurcrs") (individually, tfic Ft~IC-R and the Settling

Officers and the Insurers may be referred to herein as "Pa~~ty"and collectively as the `'F~rtics"}.

R~:CI'['AL~

WHEREAS;

Ps-~c~r to Fef~ruary 27, 2(115, I)orul Aank Puerto Ricn ('`Rank") was a depositary institution

orga~tized and existing utic~er the laws t~f Puerta Ricca;

C?i~ February 27, 201 S, the Office of the Com~nissionei• of Financial Institutions of Puerto

Rico closed the B~i~tic arn1 pursuant tea 12 L.S.C. ~ 1821(c), the Federal Deposit Insurance

Cozpcart~tion tva~ npp~intet~ Receiver. Iti accordance ~~ith I2 U.S,C. ~ 1821(d), the FI~IGR

succeeded tc~ all rights, titles, p~wcrs unc~ p~ivile~;es of the Bank; including these with respect to

its assets,

Among the assets to wl~icli t}le FDIC-R succeeded were ~Il of the Rank's claims,

~icmattds, and cstuses of fiction against its former clirectc~rs, nfficers, and etnployecs arising from

ttie performance, noiirerlt~r~~i~t~cc, and enan~~e►• c~t'perti>rcnance vf'ilieir respective funeti~ns,

duties and acts as directors, afficcrs, and employees c~fihe Bank;

The FDIC-R h is assaried claims for grass negligence, among ethers, ~gflinst the Settling
Page 2

Ofticer~, each oi~'t~~3~oi~~ served at v~irious tii3ies as ~i dircctUr sndlar offic;cr of'tl~c Brink. 'I'I~e

Settling (7f#icers deny IiahiIity foi• the claims.

The Insurers issued v~t~•inus di~•ect~r anc~ c~ffic~r liability pc~lieic;s fc)r tiie period {)ctober

31, 24l 1 th►•ouglt OctUber 31, 2Q15 ('Talicies"), which insured tl~e directq~•s and c>f~cers of the

Iiaiik according to tt~e terms, ~i•ovasions; and conditic}ns cif the Y~licies. T(~e Settling ()fticei•S

asscrteci claims for et~verage under ihe. Policies. The Insurers have c•ese~ved tlseir rights to deny

cQvcra~;e under the Yolieics For claians asserted by FDIC-R agai~~st the ~etYlitt~ Officet's.

`1'hc undursignc~d Parties deem it in their best interests to enter into this Agreement to

avoid the unccrt~inty and expense of litigation.

NUW, 'I'IIEKLI~OIt~, in consicieratio~~ of'the p~~atnises, undertakings, payments, and

releases st~ttcci herein, tf~c sufficiency of'~ftiich consideration is tierehy ackno~vled~ati, the

undei•sigticd Yartics a~;rac, each ti~itti the other•, as ft~linws;

SEC'1'I~N 1: Ya~~ment to ~'llYC-H

A. As an essential covenant and condition to this Agree;Went, nn ar before thiz~ty {3Q)

calei3d~r days fb~lowing #hc hate the F[3IG-R executes fhi5 Agreement, the Settlicx~; {~fficei:s will

cause the Insurers to pay the FDIC-R the sam of Fourteen Million Dollars {$14,00(?,{)f?0.00)

("thr Scttlemctit Payment'')

B. T`he Scttlin~ C3fti~crs skt~lt pause the Insu~•ei:5 to deliver t}ie Settieme«t Payment to

the FDIC-~ by diteci wu•c transfer into an account designated try FDIC-R by notice to tt~e

attorneys fur the Settling Officcr~ anc~ Insurers a~• by check c3►•awn upcm a depository institution

accepfablc to FDIC-It.

In the avcnt ih~t the Settlement Payment is not delivered tc~ tine 'DIG-R {ot~ its counsel}

by the dais determined iti Section T.A, a~~}~ Insurer ~vhc~ failed io make its respective payment
Page 3

shall day interest to the k'1~IC.`-R on all unpaid ~i~~~ounfs at the rate of 5%per annum acct~uin~

fi•oin fhe d~}te dcici~~liticd itl Section I.A~ L1I]UI 1110 C{ii~~ O~~]c~ylll~tli.

C. It'tlie FMC-R does rsot receiF~e the Settlement Payment in full on car before the

date determined by subsection fl aUc~ve, then tlic I~U1C-R, in its sn)e disct•etion, shall liavc tiic

t'igl~t at atiy time ~rioi• t~ roceipt t~#~ the Settlement Yay~t~ent iti fu~i (inciu~ing ~tll accrued i~~terest)

io:

1. extend the period of time tier the Setticincnt P~ymc;nt, including interest

accruing; from t1~c date detetinincd by subscctioa A abo~ e, tluc~u~h the date; of payment at a rate

c~ilc~zlatcci i1t accordance with 26 ll.S.C'. ~ ~G21 {a)(2); car

Enforce this Agreement, in tivhich went the Scttlin~; t)fftecrs and Insurers

agree to jurisdiction in the ilnitec~ Stales District Court fnr t(le DistriG oi'Calumbia or the United

States lJisti'ict Court f~>r the Southcs~ District ~f New York and to pay all oi'the FDIC-R's

reasonable attorney's fees and costs expended in en#orcin~; the teens af~this Agreemettit; or

Tci~cninatc the Agreement and institute ate action o~i the FDIC.'-R'S C~~1ftT1S.

The Settling officers and Insurers agree to waive all statute of limitations defenses that would

bar atiy of tie FDIC-It's claims, to the extent that such defenses a~Yse after the date this

A~rccn~et~t was tally executcci. 'J'he Settling Officcrs and lnsw'ets fiirthe~' agree to wlive all

objections, deFcnses, cEttims or c~tinicrclaims, fled covenant and ag~•cc nit to assci-t any

objections, defenses, cfaims or cc~untere}aims that did nc~t exist ar were other4~~ise unavailable r~s

of the ciatc this A~reemet~t was fully execuieti. In t}~e event the ~=L}1GIt elects t~ terminate the

Agz~eemcnt under• Section I.C.3, the t~l?1C-Ft agrees to return ~~~~y and all p~t~ions of the

Settlerncnt Yay~mcnt already ~~icj t~ the FI71C~R tc~ the Insurcr(s) thnt made such p~}nne~it(s);

end/tfr
Page 4

4. Sock any other relief available to ii in la~v oi• equity.

Auy cxtcnsiun of tiini under Section T,C.1 for delivery o~ tine Settlement Payment or

acceptance c>f a portr~n e~f the Sctilement Payincnt shall not pzsjudice the 'DIG-R's i~igt~ts to take

any of the actions set Earth ir, Section I.C..21lirou~;h I.C. } at any tine prior to receipt Qf'

Settlement Pti`nnent (including all accrued interest) i~~ full.

SECTION IT; Relet~scs

/1. Tf}e FDIC-R's Releases.

Upon r•eeei}~t of the Settlement P~~ymeni in full and except as provides! in Sec;tic~n II.U.,

the FUrC~R, for itself' and its successors and xssibns, hereby expressly releases and discharges:

1. The Settling Uffic:crs anti their respective heirs, executors, tz•ustecs,

administ~•ators, representatives, successors, and asssgns, from any and ~Il claims, demands,

obligations, dt~mages, ~~cticTns, and causes of action, direct or i~ulirect, in law or in equity,

Uelvn~;ing to the FDIC-R, that a~1sc Cram ar relate to, the perforn~ancc, ~louperforn~anee, or

manner of perf~lmance of the Settling t~ffteers° res~ective functions, duties and a~~tions as

ot'~cers, directo~:s anti/c~~• ernployccs of'the Bank.

Tlic Insurers, itiei~~ parents, subsidiaries, affiliates and reinsurers, and their

respective employees, oi'~ccrs, ciircctors, agents, representaisves, successa~;5 ~sid assigns, from

any and ~It claims, demands, ablig~tions, d~ma~;es, actions and causes af'~ction, direct or

indi►•ect, in law o~• in equity, that arise frt~m or relate to the Policies. As pert of this r~`~casc; ~I'tllc

Insurers, the k'IIIC-R. agrees that any ii~tcrest it may have under the Yolic:ies is cxtin~uishec~.

A!I other ii~rmca' cl[recini•s, officers, end employees o1'thc Bank

(collectively, tl~e "Covered Persons") and their respective }7eirs, exccitiors, trEistcos,

administrato~•s, t•e~n~esent<riives, succcss~rs, and assi~ris, li•am any uz~d all claims, dc~uands,
Page 5

obligations, damages, actions, acid causes of action; dii•cct or indirect, in law or in eyuiiy,

helong~ng to the FDIC-R, that arise from or i•elatc to, the perfortt~ancc, ncmpc;rformance, car

rn<inr~er of pe~•fortnnt~ce of'the t:nvered Persocis' respective: [uncticfns, duties a~tct actions as

directors; of'ticers and/or em}~Ivyees of the ~3ank. 't'l~is release s(ial! b~ i2u11 and void as to zny

Covered Person if such Covered Person asserts any claim xg~►inst the FDIC.'.-R.

I3. The Setiiin~Officcrs' ltelcase.

Bff'ective simult~ncously ~viti~ the release gi•ac~ted in Section iI.A, above, tkte Settling

t}fficers, ~n bch~ilf cif themselves individaally, a~~d t~ieir respective heirs, executors, trustees,

tiC~1T11t7I511'R~t)1'9~ A~~IItS~ ZG~1'GSL'i]~ciIIVCB~ EIttOT11CyS~ SIICCL'SSC11'S~ 8i1C~ $SS1~11$3 hereby release and

ciisehrirge the; FDIC-R, and ifs emplt~ytcs, c~fficer5, directors, ~'epresentt~tE~es, attai7leys,

successors <incl riSS1~I1S, Fi-~in acry and ttll cl~ii~ns, demands, a~ligaiic~ns, damages, actions, and

c~~uses of Fiction, direct nr inctirecl, in la~v or in equity, that prise from oe ~•el~te io, tine E3Ruk or tc~

the p~rf~rmanec, nonperfoiYnance, ar mflmicr ~f perfarm~ince c~fthe Settling Ofiicet's' respective

fufictic~ns, duties and actions ~s oi'flecrs ~nd~or directors of the Bank,

C. `I'h~ Insurers` Rcle~sc.

Effceiivc sunultancous3}~ wlth the rcicascs ~r~ntcd in Section II.A, ~l~ove, the insiu•exs,

for tliemsclvcs ~nct their successors end assigns, ~tnd can bt hfi(f c}f their• p~~•ez~ts, subsidiaries,

affiliates ~iz~d :•einsurcrs, tti2C{ lllf'.lI' SUCCCSSOI'5 tlIltj assi~,~~s; }1ei•ehy release anc~ dischar~c the

FDIt'.-R, a~~d its employees, ofiiccrs, directors, agents, representltive5, atto~~lcys, succ;css~rs, ai d

assigns, from any and sll cl<~irns, dcm~►nds, c~bliKatians, damages, actiotas, attd causes of ~ctit~n,

~iireot ter indirect, irs law c>r in equity, th~it ~n-ise from or• relate to #die Policies.
Page 6

D. ~xcc~~tions fi~oin Ftcle3scs by FDIC-R.

1. Not~vithstandin~ any ot~ier prevision cif this A~;i•t~;mcnt, the Fll1C-R does

not release, acid exp~•esal}~ }yresei-ves fully and to tPie same extent as if this A~,Trccliicnt had itot

been executed, any claims or C~IUSCs OI~ dC11011:

a. Abainst the Settling Officers n,- any [her person ar entity for

liability, if' any, itxct~rred as tiie maker, endorsci' or guarantor of any promissory note car

inclebteclness ~rayabie or owed by them to ['DIC-k, the Bank, other finaneiai u3stitutions, ar ~uiy

othci- pci-son cat' enti#y, inc)udinb «;•itliout li~~~itation any such claims acq~iired by FDIC-R as

sut:cess~r in intet•est t~ the Bank nr piny ~e~:5on nr entity othc~' than Aanfc; rind

b. Agaicisl any person or entity not expressly ~~e~eased by the FDiGR

]I7 t~11S ~1~1"CCITlGIlt

2. Notwithst~mding any other provision ofi this Agreement, nothing in this

Agreement sh~11 be cnnst~ued or inlcrQs•~tcd ~s limiting, w~~iving, re3e~sing, car cc~mpramising the

jiirisc:iiction end authority of the Federal Deposit Insurance Corporation in tine exercise t~!'iis

supervisory or regulatory ~uthoiity or to climic►ish its ability to instihite adtnir~i5trative

enCc~reen~e~tt or other pi'oceediii~s st;eking removal, prohibition, c~i• guy c~thcr rclic:f it is

~tutllarizcti to seek pursuant tea its super~~isory or regulatory atztho2•ity c~g~►inst any person.

No~~~~ithstanding any other provision of this Agreement, this Agreement

does not purpo~~i to wain°e, ar intend tt~ waive, airy claims that could lie brought by the Clnited

States through ttze llepai•tment nf'Juslicc, tl~c Uiiiteci States Attorney's (~ftice foi• any federal

judscial district, or any othez dej~artment Ur ~~gency e~f ilie United States as defined by

? H U.S.C. § 6. Tn addition, the FDIC-R speci~c~lly reserves the right to seek court-ordered

restitution pursU~mt to tl~e retevant ~>rovisions of the Mandatory Victims Restitution Act, 18
Page 7

U.S.C. § } 3322 and 3Gf~3 ef- sec ., if xp~2'o~riai~.

SECTIC}1~I III: ~'Vatver of i?ividends artd Proceeds f~~om Litigation

To the extent, if any, that Settling Ofliccrs are ar were sh~ue~ioldcrs cif tlic Bank ter ils

~ic~lding company and by virtue thereof arc or n ay be entitled icy ~ dividend, p~~yme;ni, or oilier

distx•it~ution upon resolutiot~ ~f the t'eceivership ~f'the Bank ar proceeds in any Liti~;atic~n that has

been ~r could Gc E~raught agai~~st the I~ederhl llcposit ~nsura~3ce Corporation in any cf~p~iCl~y Ul•

against iltc Unilcd Stites based on or at~ising out of, in whole c~i• in pert, the closing of t1ic; Bank,

or any alleged nets or omissio~~s by the ~eder~l Deposit Insurance Cc>zporation in xny opacity,

tl3e tinited St~~tcs ~;c~ve~-nment, ax any ~~~;ency car deparinte~xt t~f the United States govet•nme~~t iii

connection with the Hank, its conservatorship, oi~ s'eeeivershFp, Settling C}f~cers hereby

knowingly assign to the FI7IC'•R any anc3 ail rights, titles, tend interest in acid t~ any tend all such

dividends, p~~ymcnts, oz' other• cli5tributions, or pt•oeceds.

SI;C:'1'lON 1'V: ~teRresentK#tuns atycl Acknowled~ernents

A. Authorized Si~aatc>ries. All of the undersigned persons r~preseiit and warrant that

they are Parties hereto or xre authari~cd to sign this Agreement tin behnll~of the; res~cctive Party,

and that they 4i~ve the full power and auttLority to bind such P~irty to each and every provision of

this Agrccmcrtt. This Agreement shall be ksit~ding t~~~n and inure to the benefit of't~~e

undersigned Parties a~,d their re,5pectivc hci~-s, cxccut~rs, tnlstees, ldministralors, s~epr~sci~tftilives,

successors rind ~iS52~;C15.

~. Adviee of Counsel, Ltici~ Ptu~ty hereby acknowledges that he, she, ix• ii has

consulted with ~incl ~htained tiie ~dvicc of counsel prior to executing this Agreecnei~t, and that

this Agreement has been explained to that Party by his or }ter counsel.

C. ~ii~ancia117iscic~su~•e Represet~tatlon. Each Seriling Officer has ;submitted

financial inCoiin~ttion to the FD1C-k and herein ai'tirms that his financial inf`~tzn~ition is true and
accu~'ate as of the date cif this agreemenk. E~►ch Settling C}~ticer expressly acknowIecigcs that, in

determining to settle the cl~tit~s released herein, tl~c FDIC-R has reasonably ~tnci justifiably relied

upon the acc~u-acy of the tinaticial informatic}n submitiecl by the Settling Officers. The FDiGR

has na obligation t~ ii~depciicIcnily verify tiie cornplc[cness oi• accuracy ot~that tit~ancial

information. If tt~e FDIC-R cst~blishes via a final ~djudic~tiort in an appro~Jriate judicial forum

that a Settling Offccer failed to disclose any material interest, legal, equitable, or beneficial, in

an}~ asset, tktat Settling Officer a~;re~;s to cooperate fully with ti c I~ll1C-R to }~rovidc; updated

tinaticiai information and to Fray to t}x; I~llIGR Tb~ les:,er cif (1}the value of t12c Settling

(~fiicer's un~iselosed material interest in such asset(s); nr {2} the arnoiint ofunp3id damages

a~le~ed against that Scttlitzg C~f~cer.

SECTION ti': Rcasanable ~:oa~ers~rioi~

A. 'I~Iic 1'ariies agree to cc~operatc in goad faith to effectuate ~Il the tezms and

conditions of ti~is Agreement, including doing, oi• c~iusinb tl~cir agents anc~ attorneys to dc~,

whatever is reasonably necessary to cff'ectu~te the si~nin~;, dctivcry, exccuti~n, filing, recording,

and e«try, of any dcscuments necess~~ry to pe~•foi•iz~ the t~nns ai'this Agrcemetit.

SECTION Vl: dtlier Matters

A. Na 1ldmissi~~n of Liability. The u~ide;rsi~mcd 1'ttrties each acknowledge ai d ~grec

that ttie m~ttteis set f'vrth in this Agr•eemcnt constitute the se:tticmcnt end compromise ofdis~uted

claims and t~efenses, that this Agreement is not an admission car cviciencc of liability or infirmity

Uy any of them regarding any claim or defense, and that the Agreement shall not be offered ai•

rcccivec~ in evicici~cc by oz' abainst any Pzi~ty except to enfoi•ec its teems.

B. ~xccution us t'ounte~nrts. '1'i~is Agt'eement may be cxe~uicd in coutrtetpaMs by

UI1C OP Jl7pt'~ O~~ tllE; Yc12~t1CS c1I1CI c~~l 5UCIS CUUI~I.CS"}7ai•fs wl~e~~ s~~ executed shill togctlier• constitute
Page 9

the final Agreeme~tL as if nnc cic~cumeiyt had been si~;i~ed by nll Panties; anti c~ich suet}

counterpart, upon execution and delivery, s13a11 he deemed ~ com~3lete original, binding the

Patties subsci•ibect thereto upon} the execution by all Pa~~ties to tfus Agreement.

C. Choice of I~aw. 'Phis A~;rcement st}all (~e intc3-preted, construed end enfo~~ced

according to applicat~le federal laty, or in its absence, the laws of die St~~te ~f Puerto Rica

ll. Nt~tices..4ny notices required hereunder shall he sent bye rc~,~istei•ed mail, first

clf~ss, ~'eturn receipt requesicd, and ~y email, to the following:

lf'to the FD1L'-R: Joyce Gist Liwis

Shi~~glcr Lewis I,T,C

12:10 Pe~chtrec Street, Suite 1075

Atlani~, Gcor~ia 30:i~9

{~l(sl

If to Glen Wakeman: Ds~vid D. Auih~user

Williams &Connolly LLP

72S TwelRh 5lrcet NW

Wasl~in~ton, DC 20t)QS

ro~cs~ ..___~ _._.-----.---_.__.____~_---_.._~ --~--------

if to F,nriquc L,bat•ri; David S. Krakoff

Iiuekley Sandler LLP

125U 24t1~ Street NW

Washin~tc~n. DC. 2QU37

@l(6)

~~{sa

lf'ta IJNUL•'RWRCI'F.RS A'1" LLQY])'S, f.(1NDE)N I3Y CA'CI.IN INS1lKANC:E

S~RVICFS, INC.:

Matthew Abreu, ~sq.

Senior Claims S~e~ialist

P~•ofessional Lines Glaizns

XL Catlin

Braokfielci Place

2U0 Libei~y St►•eei, 22~id Floor

bVith co~~ies (t}iat shall not constitute nt~ticc) tn:
Page 10

Danis] H. Bx•ociy, Fsc{.

Kaufman Dol~wich ~ Vc~luck, I.i.P

40 Exchange Place, 20th Flocsr

Necv York I~ Y 1 {)005

(b)~6)

Il~ta LANDtvIAItK A1b1~1ZICAN INSURANCE COMPAN'1':

llou~ltts Peary

Vice President

birectc~rs ~md ~fficcrs C.lai~ns

~,zt~dnaark Amet7can I~lsurance Company

945 East Paces I~erry Road; Suite 180Q

Atlanta, GA 3432G- i t GU

~~{s)

ro~cs~

Ii'to EVEREST NAT~{7NAL INSURANCE (~t~MPANY:

James Rcal

Vice Yreside~~t •-~ Specialty C:iaiii3s

Everest 1`'atianal lusurance Company

461 S' ty Avenue, S`a Flat r

New York, hJY 10() 3 7

F,. Cntire Agreement and Amencimeziis. Phis Agi•ect~icnt constitutes the entire

a~;rectneiit and understantiiug between and ~imaz-►g the uncicrsigned Parties canccz~ning the matters

set fi~irth }ierein rind supersedes any prior a~reeme;tiis yr understandings. This Agreement may

not ve amended or mociificd, tior nay ~sny of its pr<~visi~i~s be wai~Ted, except in writing sibned

by the Parties ho~~nri thereby, or by their respective authoi•izcd attorncy(s}, or other

represcntative(s).

F. Titles and Ca~3tios~s, All section titles anci cs~tions contained in this Agreement

arc for cgnvenictyec only and shall ncx affect tfie iniei~retation of this Agreement.

G. No Confidentiali .The undersigned Panties ackr~awled~;e that tt3is Agreerr~ent

shall nat be cc>n~cicntial acid ~vil~ be disclosed pursuant to tltc Federal I3eposit Instu'ance

1v
Page 11

t~1t6)

C'or~}cys•~tiar~'s applicable policies, prc~cedurCS, ali(~ Otltef Iejal t~c;gUi1•ements.

IN Wl'I'N~S~ WHEREOF, the Parties he~•eto hive c~iuscc~ this Elgreesncnt to lie executed

by each caf tlicm ot~ their duly authorized rcps•cscrit~tives nn the date; lietcinaftcr subsc~•ibed.

F~DEItAL DEPOSIT INSIJRANC~ C()ItPUit~Tit]1V AS

tZECENER Ft7R BOKAL BANK FUERT~ RFC(

Daic: i~ 26j~-~tj. --------'HX

TITI.~; Counsel

PRTIvT NAME: Bryce nine

Date: GI.F.N WAKENIAN

M_)'~1

TITLE: Counsel

PRI]~IT NAML: David D. Aufhuuser

Date: ~NRIQtJE UBARItI

"TITLE; ~'ounscl

I'RT~3TNAivtE; David S. Krakoff
Page 12

C:c~r~~xation's applicable policies, prc~Ged~ires, and ether le{~al regtiixemetYts.

II I ~VI'i'N~ SS 'WI~F.RFQF, the Parfk~s ~e~teto hdvc caused this l~,.~reexr~ent to be ~xecutcd

by each t~f't~iem or their duly authorised rcpresenta~ives on the dates hcrcinaftcr subscribed.

rED~RAL 1:?k~POSI"~' INSURANCE C:UZt~'Q~Z~I'I'TtaN AS

it~C~IV~R FCJR DC~RAT.1-3t1~T~ PUERTQ RIC{}

J]ate: BY:

`I'I'I'LH; C;nunsel

PRINT' N~1MF.: ~31'yCc;_ uinc

B~':

TITLE: Counsel

FIZIN'1' NAMR: David D. Au~hauser

I}ate:: ~i~tYtI{~U.F UBARRI

~3Y:

'I'~CCI,F,: Counsel

~'IZ1R'~' NAME: David S. Kxakoff
Page 13

Corporatifln's applicable ~UIici~s, proc:~dures, and t~iher legal requirements.

IIV WITNESS WHEREOF, the P~ti~ties E~e:retn have caused this Agreemectt to be executed

by each of them Qr their duly authorircd rcpresentaiives on the dates hereinafleP SUUSL`I•ibect,

~.~I?D~ItAL I)L'PUSI'I' Ih1~UItAI~'L'E CORPC)RATION AS

R}GLIVLK~~URUURAL BANK PtIERTD RIC.C)

Date: 13Y:

~'ITI,F; ~aun~el

PRINT NAMF,: (3rvcc Quine

Date: GI RN WAKl;M11~r

llatc. ~d~z3/2oti~'

Nl(6)

}3Y:

Z'ITI~~: Counsel

YRfi~i'I' NAME: David D. Authauscr

1~I~1'L.F: t:UUlltiC:l

I'ItIN'I' NAMC_ David S. Krakc~ff
Page 14

ro~cs~

UI~'D~RWRITERS AT LL(3YU'~S, L(~~tllt}N !3Y

Ch'.C7,~~rJ:N~iSCJ~ZAI~IC:~; ~S.IKVIC:hS, .[l~!C:.

T,~N]7MARI~ AMTsRTC;t1I~T.IN~C7Rtli~7C;T? C;t7MAnRzY

])f~tc; :fiY:

i'I`1'LL': Vioe I'~esidcnt, L~ucctors &Officers Claims

PRINTNAMC: Douglas ~'ctxy

},V'~ZI ~~`i` NA'1:Z4~~t1T, ZNSURANC~ CC}Iv11't1~'v Y

))ate; I3Y:

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Page 15

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C)IVI~~R'~JR~I`IsRS A'I' r,T,0~1'l?',5, T.UNl~()N ~3~'

CATLIN INSYIRANCL~ S~R"VYC~S, T~TC.

Date: t~Y:

FRIN"C N t1 ticT t~s:

C:C.):h~l'ANY

7~T'l~,l; Vice I'sesident, ~7irectors & Officci's Claitxls

PRTI~T'I'I~AMF; I~nuglasPerry

FV~kF,ST Nt~TI.()NAL INSl1R~NC~; C`.(7MP~1,NY

Date; ~3'Y:

TTTL~;:

1'1tINT NAME:

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Page 16

Date:

UNDERWRITERS A'i` LLOYD'S, ~.ON'13QN BY

CATI..IN INSL1~tANCE SERVICES, ANC.

~'Y:

TITLE:

FIt1NT NAME:

LANT~MARK. AMERl~AN IN.S[1RANC~ COMPANY

Hate: BY•

TITLE: Vice ~'residcnt, l'3irectors &Officers Claims

PRINTN.AM~: Douglas Perry

{~)ts) 

_~_-~__-~---------------~ -____ _________---~_EV 

COMPANY

N){6) 

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TIT ~` 1cQ~~ , ~~. , C.I ~~.,~.$ _ ✓_ @)(6l

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32