RELEASE AGREEMENT 

THIS RELEASE AGREEMENT, dated eva ~ !S t ';r'Z> , 20 I 0, (the "Release") is given 

BY: the Releasor, FEDERAL DEPOSIT INSURANCE CORPORATION as receiver for 

FIRST NATIONAL BANK OF NEVADA as successor in interest to the FIRST NATIONAL 

BANK OF ARIWNA, its officers, directors, employees and/or shareholders, attorneys, 

insurers, agents, principals, and their respective predecessors, successors and assigns, 

referred to as ''Releasor" 

TO: the Releasees, CROSSTATE TITLE AGENCY, INC. and MARIA GARGANO, their 

officers, directors. employees and/or shareholders, attorneys, insurers, agents, principals, and 

each of these entities' respective predecessors, successors and assigns, 

referred to as ''Releasees" 

I. Release. Releasor hereby releases and gives up any and all claims or rights that Releasor may 

have against Releasees, including, but not limited to, any and all claims for damages and/or for counsel 

fees, relating to or arising out of the matters at issue in the action captioned First National State Bank 

of Arizona v. Majestic Home Mortgage, L.L.C., Cross State Title Agency, et aL, Civil Action No. 

02-2935 (SRq, filed in the United States District Court for the District of New Jersey (the 

"Litigation"). This Release applies to all claims or rights relating to the Litigation including those of 

which I am not aware and those not mentioned in this Release and including, but not limited to, any 

and all claims which were asserted, or could have been asserted, in the Litigation. 

2. Payment. Releasor has been paid or caused to be paid a total of $50,000.00 in consideration for 

making this Release. Releasor agrees that Releasor will not seek anything further from Releasees 

whatsoever, including, but not limited to, any other payment. 

3. Who is Bound. Releasor is bound by this Release. Anyone who succeeds to Releasor's rights and 

responsibilities is also bound. This Release is made for Releasees' benefit and all who succeed to 

Releasees' rights and responsibilities. 

4. No Admis~ion. This Release does not in any· way constitute an admission of fault or culpability 

on the part of any party to this Release as to any claims or as to any fact or legal theory which has 

been set forth in the pleadings or other documents filed in connection with the Litigation. 

5. SiEmatures. Releasor understands and agrees to the terms of this Release. If this Release is made 

by a corporation, its proper corporate officer's sign and its corporate seal is affixed. This Release may 

be executed in counterparts, each of which shall be deemed an original, but such counterparts shall 

1389826 
together constitute both one and the same. Facsimile or scarmed copies of this Release, including 

signatures thereon, shall be deemed to have the same force and effect as the original. 

Witnessed or Attested by: 

(b) ( 6 .. ) ........................... 

FEDERAL DEPOSIT INSURANCE 

CORPORATION as Receiver for FIRST 

NATIONAL BANK OF NEVADA as succ~ssor in 

interest to the F1RST NATIONAL BANK OF 

ARIWNA ~----------------------~ 

·· ·

71 =/j·o············=········,······f\ ....................................................................... ........ BY ..... ..... = ........ _ ············ Dated: 1> - v u ·········· ......... . 1----

STATEOF T~)()r~ 

COUNTY OF 22tr I [h s 

) 

) ss. 

) 

BE IT REMEMBERED, that on this ~ tJ t:l..:J day of )tv CJ t...J Sf , 20 .J.Q_ before 

me, the sub~riber, pers~~l~ appeared J", JJse;# Tff t: who, I am ~atisfied, is the 

person who s1gned the wtthin instrument as llfum - rn- of FDIC as Recetver for FIRST 

NATIONAL BANK OF NEVADA as successor in interest to the FIRST NATIONAL BANK OF 

ARIZONA, the corporation named therein and this person thereupon acknowledged that the said 

instrument made by the corporation and sealed with its corporate seal, was signed, sealed and 

delivered by this person as such officer and is the voluntary act and deed of the corporation, made by 

virtue of authority from its Board of Directors. 

(b )(6.)............................... ...................................... ················································································• ······································ I 

~~N~omry ~~P~u~b~hd~------------------~ 

My Commission Expires: 

1389826 2 

2279250-01 

MARY K. DENNIS 

MY COMMISSION EXPIRES 

February 2t. 2014