SETTLEMENT AND RELEASJl~ AGIU Jl~MRNT 

This Settlement and Release Agreement ("Agreement") is made by, between, and among 

the following undersigned parties: 

The Plaintiff Federal Deposit Insurance Corporation, as receiver of Affmity Bank 

("FDIC-R"), and Michael McGuire, David Mahan, Edward Summers, Donald Cline, Cindy Jones, 

Sonia Hidalgo, Richard Faussct, Joancll Lyon, and Paul Schedler (collectively the "Settling 

Defendants"), and Progressive Casualty Insurance Company ("Progressive") (individually, the 

FDIC-R, the Settling Defendants and Progressive may be referred to herein as "}>arty" and 

collectively as the "Parties"). 

RRCITALS 

WHEREAS: 

Prior to August 28, 2009, Affinity Bank ("Bank") was a depository institution organb:ed 

and existing under the laws of California. 

On August 28, 2009, the Bank was closed by the California Department of Financial 

Institutions and pursuant to 12 U.S.C. § 1821(c), the Federal Deposit Insurance Corporation 

("FDIC") was appointed receiver. In accordance with 12 U.S.C. § 182l(d), the l;DIC as receiver 

succeeded to all rights, titles, powers and privileges of the Bank, including those with respect to its 

assets. 

Among the assets to which the FDIC as receiver succeeded were any and all of the Bank's 

claims, demands, and causes of actions against its former dircct~rs, officers and employees arising 

from the performance, nonperformance and manner of performance of their respective functions, 

duties and acts as directors and/or officers of the Bank. 

On August 8, 2013, the FDIC-R filed a complaint for money damages against the Settling 

Defendants, who had each served at various times as directors and/or officers of the Bank. Those 

claims for damages arc now pending in the United States District Court for the Central District of 
California in E~g~ral Deposit Insurance Comoration as Receiver for Affinity Bank v. Michael 

McGuire. et al. (the 11D&O Action"). The Settling Defendants have hot ·yet filed responsive 

pleadings in the D&O Action. 

Progressive issued directors' and officers' liability policy number: .....__·····-··········-·········__.·1 (the ..... .(P)(4.) 

''Policy"), which insured the directors and officers of the Bank according to the terms, provisions 

and conditions of the Policy. The Settling Defendants have made claims under the Policy. 

Progressive has reserved its rights to deny coverage under the Policy for claims asserted by 

FDIC-R against the Settling Defendants. 

The undersigned Parties deem it in their best interests to enter into this Agreement to avoid 

the uncertainty, trouble, and expense of further litigation. 

NOW, THEREFORE, in consideration of the promises, undertakings, payments, and 

releases stated herein, the sufficiency of which consideration is hereby acknowledged, the 

undersigned Pa1ties agree, each with the other, as follows: 

SECTION 1: Payment to FDIC-R 

A. As an essential covenant and condition to this Agreement, Progressive shall pay to 

the FDIC-R the sum of three million five hundred thousand dollars and no cents ($3,500,000.00) 

("the Settlement Funds"). 

B. The Settlement Funds shall be delivered by wire transfer to the FDIC-R within ten 

business days after the later of (i) execution of an original, or originals in counterpart, of this 

Agreement by all of the undersigned Parties to this Agreement, and (ii) the date that the FDIC-R 

has provided to counsel for the Settling Defendants and Progressive full wire transfer instruction 

and an executed IRS Form W -9 for the pertinent account/payee ("Payment Date"). 

2 

·, 

·. 
C. If the FDIC-R does not receive the Settlement Funds in full on or before the 

Payment Date, then the FDIC-R, in its sole discretion, shall have the right at any time prior to 

receipt of the Settlement Funds in full (including all accrued interest) to: 

I. Extend the period of time for the Settlement Funds, including interest 

accruing from the date determined by subsection B above, through the date of payment at a rate 

calculated in accordance with 26 U.S.C. § 662l(a)(3); or 

2. Enforce this Agreement, in which event the Settling Defendants and 

l'rogressive agree to jurisdiction in United States District Comt for the Central District of 

California and to pay all of the FDIC-R's reasonable attorney's fees and costs expended in 

enforcing the terms ofthis Agreement; or 

3. Terminate the Agreement, move to vacate any dismissal order, (to which 

the Settling Defendants and Progressive agree to consent), and re-institute an action on the 

FDIC-R's claims. The Settling Defendants and Progressive further covenant and agree to waive 

and nut assert any objections, defenses, claims or counterclaims, including any defense based on 

any statute of limitations that would bar any of the FDIC-R claims, that did not exist or were 

otherwise unavailable as of the date this Agreement was fully executed; and/or 

4. Seek any other relief available to it in law or equity. 

Any extension of time under Section I.C.l for delivery of the Settlement Funds or acceptance of a 

portion of the Settlement Funds shall not prejudice the FDIC-R's rights to take any of the actions 

set forth in Section LC.2 through I.C.4 at any time prior to receipt of Settlement Funds (including 

all accrued interest) in full. 

SECTION II: Stipulation and Dismissal 

Within ten (1 0) business days after the execution of this Agreement by all of the 

undersigned Parties, and receipt of the Settlement Funds, plus any accmed interest, the FDIC-R 

shall dismiss the D&O Action with prejudice. The undersigned Parties agree to enter stipulation(s) 

providing that the disrnissal(s) set fmth above shall be with prejudice, with each Party to bear its 

own costs as these were originally incw-red. 

3 
SECTION III: Releases 

A. The FDIC-R's Releases. 

Upon receipt of the Settlement Payment in full and except as provided in Section Ill. I., the 

FDIC-R, for itself and its successors and assigns, hereby releases and discharges: 

1. The Settling Defendants and their respective heirs, executors, tmstees, 

administrators, representatives, successors, and assigns, from any and all claims, demands, 

obligations, damages, actions, and causes of action, direct or indirect, in law or in equity, 

belonging to the FDIC-R, that arise from or relate to, the performance, nonperfonnance, or manner 

of performance of the Settling Defendants' respective functions, duties and actions as officers 

and/or directors of the Bank. 

2. Progressive, its parents, subsidiaries, affiliates and reinsurers, and their 

respective employees, officers, directors, agents, representatives, attorneys, successors and 

assigns, from any and all claims, demands, obligations, damages, actions and causes of action, 

direct or indirect, in law or in equity, that arise from or relate to the Policy. As part ofthis release 

of Progressive, the FDIC-R agrees that any interest it may have under the Policy is extinguished. 

3. All other former directors, officers, and employees of the Bank 

(collectively, the "Covered Persons'') and their respective heirs, executors, trustees, 

administrators, representatives, successors, and assigns, from any and all claims, demands, 

obligations, damages, actions, and causes of action, direct or indirect, in law or in ~quity, 

belonging to the FDTC-R, that arise from or relate to, the performance, nonperformance, or manner 

of pcrfOJmance of the Covered Persons' respective functions, duties and actions as directors, 

officers and/or employees of the Bank including without limitation the causes of action alleged in 

the D&O Action. This release shall be null and void as to any Covered Person if such Covered 

Person asserts any claim against the FDIC-R 

D. The Settling Defendants' Rcl~ase of FDIC-R_,_ 

Effective simultaneously with the release granted in Section liLA. above, the Settling 

4 

·:: 

·.,. 
Defendants, on behalf of themselves individually, and their respective heirs, executors, trustees, 

administrators, agents, representatives, attorneys, successors, and assigns, hereby release and 

discharge the FDIC-R, and its employees, officers, directors, representatives, attorneys, successors 

and assigns, from any and all claims, demands, obligations, damages, actions, and causes of action, 

direct or indirect, in law or in equity, that arise from or relate to, the Bank or to the pcrfmmance, 

nonperformance, or manner of perf(nmance of the Settling Defendants' respective functions, 

duties and actions as officers and/or directors of the Bank including without limitation the causes 

of action alleged in the D&O Action. 

C. Progressive's .R~leasc ofFDIC-R. 

Effective simultaneously with the releases granted in Section Ill. A. above, Progressive, for 

itself and its successors and assigns, and on behalf of its parents, subsidiaries, affiliates and 

reinsurers, and their successors and assigns, hereby releases and discharges the FDIC-R, and its 

employees, officers, directors, agents, representatives, attorneys, successors,.and assigns, from any 

and all claims, demands, obligations, damages, actions, and causes of action, direct or indirect, in 

law or in equity, that arise from or relate to the Policy. 

D. Release by Settling Defendants of Each Other. 

Effective simultaneously with the releases granted in Paragraph lli.B. above, the Settling 

Defendants and their respective heirs, executors, administrators, representatives, successors, 

agents, affiliates, attorneys, officers, and assigns, hereby release and discharge each other from 

any and aU claims, demands, obligations, damages, actions, and causes of action, direct or indirect, 

in law or in equity, that arise from or relate to the performance, nonperformance, or manner of 

performance of their respective functions, duties and actions as offtcers and/or directors of the 

Bank, including without limitation the causes of action alleged in the D&O Action. 

E. Release of Progressive by SeJ;tling Defendants. 

Effective simultaneously with the releases granted in Paragraph III.B. above, the Settling 

Defendants, on behalf of themselves individually, and their respective heirs, executors, 

administrators, agents, representatives, successors, agents, affiliates, attorneys, officers, and 

5 
assigns, hereby release and discharge Progressive, its parents, subsidiaries, affiliates and 

reinsurers, and their respective employees, officers, directors, agents, attorneys, representatives, 

successors and assigns, from any and all claims, demands, obligations, damages, actions and 

causes of action, direct or indirect, in law or in equity, that arise from or relate to the Policy, the 

Bank and/or the D&O Action. The Settling Defendants agree that any interest they may have 

under the Policy is extinguished. The Settling Defendants represent that Progressive and certain 

former Bank directors and officers have contributed to the Settlement Funds. 

F. Release of Settling Defendants by Progressive. 

Effective simultaneously with the releases granted in Paragraph III. B. above, Progressive, 

for itself and its successors and assigns, and on behalf of its parents, subsidiaries, affiliates, and 

reinsurers, and their successors and assigns, hereby releases and discharges each of the Settling 

Defendants, and their respective heirs, executors, administrators, agents, representatives, 

successors, agents, affiliates, attorneys, officers, and assigns, from any and all claims, demands, 

obligations, damages, actions, and causes of action, direct or indirect, in law or in equity, that arise 

from or relate to the Policy, the Bank and/or D&O Action. Nothing in this release shall affect any 

defense to coverage Progressive may have with respect to any claim that may be asserted against it 

in connection with the Policy or otherwise. Progressive represents that Progressive and certain 

former Bank directors and officers have contributed to the Settlement Funds. 

II. Civil Code Section 1542 Waiver . .There is a risk that, subsequent to the execution 

~fthis Agreement, the Parties hereto will discover, incur or suffer loss, damages or injuries which 

arc in some way related to the matters released, but which are unknown or unanticipated at the time 

that this Agreement is executed. The Parties hereto hereby assume this risk and understand that 

this Agreement shall apply to all unknown or unanticipated results of, or related to, the matters 

released above, ClS well as those known and anticipated. The Parties hereby expressly 

acknowledge that they are familiar with Section 1542 of the California Civil Code which provides: 

A general release does not extend to claims which the creditor does 

not know or suspect to exist in his or her favor at the time of 

6 

1. 

... 
executing the release, which if known by him or her must have 

materially affected his or her settlement with the debtor. 

The Parti~s understand and acknowledge the significance and consequence ofthis specific 

waiver of Section 1542. Having been advised and encow·aged to consult with an attorney of their 

choice conceming their rights and this Agreement and having either thoroughly discussed all 

aspects of their rights and this Agreement with an attorney to the full extent that they wanted prior to 

signing this Agreement or voluntarily chosen not to do so, the Parties hereto expressly waive and 

relinquish any and all rights and benefits which they may have under Section 1542 of the Civil 

Code (to the extent it is otherwise applicable) to the full extent that such rights and benefits may be 

lawfully waived and relinquished pertaining to the subject matter of this Agreement. 

I. ExprcssJ~ ... eservations From Releases By FDIC-R. 

1. Notwithstanding any other provision, by this Agreement, the FDIC-R does not 

release, and expressly preserves fully and to the sam_c extent as if the Agreement had not been 

executed, any claims or causes of action: 

a. Against the Settling Defendants or any other person or entity for liability, if 

any, incurred as the maker, endorser or guarantor of any promissory note or indebtedness payable 

or owed by them to FDJC-R, the Bank, other financial institutions, or any other person or entity, 

including without limitation any claims acquired by FDIC-R as successor in interest to the Bank or 

any person or entity other than Bank; and 

b. Against any person or entity not expressly released by the FDIC-R in this 

Agreement. 

2. Notwithstanding any other provision of this Agreement, nothing in this 

Agreement shall be construed or intei'preted as limiting, waiving, releasing or compromising the 

jurisdiction and authority of the Federal Deposit Insurance Corporation in the exercise of its 

supervisory or regulatory authority or to diminish its ability to institute administrative enforcement 

proceedings seeking removal, prohibition or any other relief it is authorized to seck pursuant to its 

supervisory or regulatory authority against any person .. 

7 
3. Notwithstanding any other provision of this Agreement, this Agreement does 

not purport to waive, or intend to waive, any claims which could be brought by the United States 

through either the Depattment of Justice, the United States Attomcy•s Office for any federal 

judicial district or any other department or agency of the United States as defined by 18 U.S.C. § 6. 

. In addition, the FDIC-R specifically reserves the right to seek court ordered restitution pursuant 

to the relevant provisions ofthc Mandatory Victims Restitution Act, 18 U.S.C. § 3663, et. seq., if 

appropriate. 

SJt:C'I'ION IV: WAIVER AND ASSIGNMENT OF DIVIDENDS AND PROCRRDS FROM 

LITIGATION 

To the extent, if any, that Settling Defendants are or were shareholders of the Affinity Bank 

or Affinity Bank Holdings, Inc. and by virtue thereof arc or may be entitled to a dividend, 

payment, or other distribution upon resolution ofthe receivership of Affinity Bank or proceeds in 

any litigation that has been or could be brought against the Federal Deposit Insurance Corporation 

in any capacity or against the United States based on or a~ising out of, in whole or in part, the 

closing of Affinity Dank, or any alleged acts or omissions by the .Federal Deposit Insurance 

Corporation in any capacity or the United States government, or any agency or department of the 

United States government in connection with Affinity Bank, its conservatorship or receivership; 

Settling Dufcndants hereby knowingly assign to the FDIC-R any and all rights, titles and interest in 

and to any and all such dividends, payments or other distributions, or such proceeds. 

SECTION V: Rep•·esentations and Aclmowlcdgernents 

A. N'? Admission of LiabiJjty. The undersigned Parties each acknowledge and agree 

that the matters set fot1h in this Agreement constitute the settlement and compromise of disputed 

claims and defenses, that this Agreement is not an admission or evidence of liability or infinnity 

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

received in evidence by or against any Party except to enforce its terms. 

8 
B. Execution in Countemarts. This Agreement may be executed in counterparts by 

one or more of the Parties named herein and all such counterparts when so executed shall together 

constitute the final Agreement, as if one document had been signed by all Parties hereto; and each 

such counterpart, upon execution and delivery, shall be deemed a complete original, binding the 

Party or Parties subscribed thereto upon the execution by all Parties to this Agreement. 

C. Binding Effect. Each of the undersigned persons represents and warrants that they 

are a Patty hereto or are authorized to sign this Agreement on behalf of the respective Party, and 

that they have the full power and authority to bind such Party to each and every provision ofthis 

Agreement. This Agreement shall be binding upon and inure to the benefit of the undersigned 

l 1arties and their respective heirs, executors, administrators, representatives, successors and 

assigns. 

D. .Q.hoice of La~. This Agreement shall be interpreted, construed and enforced 

according to applicable federal law, or in its absence, the laws ofthe State of California. 

E. Entire Agreement and Amendments. This Agreement constitutes the entire 

agreement and understanding between and among the undersigned Patties concerning the matters 

set forth herein. This Agreement may not be amended or modified except by another written 

instrument signed by the Party or Pat1ies to be bound thereby, or by their respective authorized 

attomey(s) or other rcpresentative(s). 

F. Financial Disclosure Representation. Each Settling Defendant has submitted 

financial information to the FDIC-R and herein affirms that his/her financial information is true 

and accurate as of the date of this agreement. Each Settling Defendant expressly acknowledges 

that, in determining to settle the claims released herein, the FDIC-R has reasonably and justifiably 

relied upon the accuracy of the financial information submitted by the Settling Defendants. The 

f'DIC-R has no obligation to independently verify the completeness or accuracy of that financial 

infmmation. If the FDIC-R establishes via a final adjudication in an appropriate judicial fonun 

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

any asset, that Settling Defendant agrees to cooperate fully with the FDIC-R to provide updated 

9 

. :-· 
financial information and to pay to the FDIC-R the lesser of (1) the value of the Settling 

Defendant's undisclosed material interest in such asset(s); or (2) the amount of unpaid damages 

alleged against that Settling Defend~mt. 

G. Reasonable Cooperation. 

1. The undersigned Parties agree to cooperate in good faith to effectuate all the 

terms and conditions of this Agreement, including doing or causing their agents and attorneys to 

do, whatever is reasonably necessary to effectuate the signing, delivery, execution, filing, 

recording, and entry, of any documents necessary to conclude the D&O Action, and to otherwise 

perform the tcm1s of this Agreement. 

2. Further, the Settling Defendants agree to cooperate fully with the FDIC-R 

in connection with any action required under this Agreement. Any such cooperation that involves 

any out of pocket costs is subject to reasonable reimbursement by the FDIC-R pursuant to its 

internal guidelines and policy for such reimbursement. Such cooperation shall consist of: 

a. producing all documents requested by the FDIC-R, without the necessity 

of subpoena, as determined by the FDIC-R, in its sole discretion, to be relevant to the Bank; 

b. making themselves available upon request by the FDIC-R at reasonable 

times and places for interviews regarding facts, as determined by the FDIC-R in its sole discretion, 

to be relevant to the Bank; 

c. appearing to testify, upon request by the FDIC-R, in any matter 

determined by the FDIC-R in its sole discretion, to be related to the Bank, without the necessity of 

subpoena; 

d. signing truthful affidavits upon request by the FDIC~R, regarding any 

matter, as determined by the FDIC-R in its sole discretion, to be relevant to the Bank. 

II. .Advice __ of Counsel. Each Party hereby acknowledges that he, she, or it has 

consulted with and obtained the advice of counsel prior to executing this Agreement, and that 

this Agreement has been explained to that Party by his, her, or its cmmsel. 

10 

,_ 
(b)(6) 

I. Notices. Any notices required hereunder shall be sent by registered mail, first 

class, return receipt requested, and by email, to the folJowi~g : 

If to the FDIC-R: Patricia G. Butler, Esq., Federal Deposit Insurance Corporation, 3501 

Fairfax Drive, Arlington, VA 22226; (703) 516 -5798 ~ 

If to the Settling Defendants: {1) Joel M. Athey, Esq., Holland & Knight, 400 South Hope 

Street, 81h Floor, Los Angeles, CA 90071; (213) 896-2400;j ......... ~nd(2)Jemcy .. 

A. Tisdale, Esq., Tisdale & Nicholson, LLP, 2029 Century Park East, Suite 900, Los Angeles, CA 

.... ~9..9..§..7; .... (~1Q) .. 286:.:1260;J'-....... _ ..... ____ __.. 

If to Progressive: Lewis K. Loss, Esq., Loss Judge & Ward, LLP, 1133 21'~1 St., NW., 

(b )(6) ___________ Washington,J1C2.00.l6;(202}778-4063;{.._··_ .....____ __, 

J. Titles and Caption.<>. All section titles and captions contained in this Agreement arc 

tor convenience only and shall not affect tile interpretation of this Agreement. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed 

by each of them Ol' their duly authorized representatives on the dates hel'einafter subscribed. 

FEDERAJ, DEPOSIT TNSl !RANCE CORPORATION 

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

:0::::. 

Tfl'LE: Cotmsel 

PRINT NAME: Patricia GJ_fu!!ler, Esq. 

Date: _ _ .... __ _ 

BY: ______ _ 

TITLE: Fo11ncr President and ChiefExeeutive Officer 

PRINT NAME: ----'"-'-=ich~~l R. McGuirs: ·---

11 

(b)(6)' ........................ , 

• I 
(b)(6) 

(b)(6) ... 

I. Notices. Any notices required hereWldcr shall be sent by registered mail, fjrst 

class, return receipt requested, and by email, to the foHowing: 

If to the FDIC-R: Patricia G. Butler, Esq., Federal Deposit Insurance Corporation, 3501 

Fairfax Drive, Arlington, VA 22226; (703) 516-5798;.L.I _____ ... ................. _ .j ....... . 

If to the Settling Defendants: (1) Joel M. Athey, Esq., Holland & Knigh_t, 400 South Hope 

. .......... (P)(§) 

Street, 81h Floor, Los Angeles, CA 90071; (2 I 3) 896-2400~ land(2)Jetfrey.. (p)(§) 

A. Tisdale, Esq., Tisdale & Nicholson, LLP, 2029 Century Park East, Suite 900, Los Angeles, CA 

2QQ9.7; ... (3.J.0) . .2.8.6.::J.260;f. ···································· . 

If to Progressive: Lewis K. Loss, Esq., Loss Judge & Ward, LLP, 1133 2JSl St., NW., 

.... W.ashtngton,DG20036;···(202)77:8·~4063·;.IL._ ... _____ ...... 

J. Titles and Captions. All section titles and captions contained in this Agreement are 

for convenience only and shall not affect the interpretation of this Agreem~nt. 

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed 

by each of them or their duly authorized representatives on the dates hereinafter subscribed. 

FEDERAL DEPOSIT INSURANCE CORPORA TJON 

Date: __ BY: 

TITLE: Counsel 

J)RlNT NAME: Patricia G. Butler. Esq. 

(b )(6) ~~~~:. ········································································································································································1 ....... 

BY: ~·==~~~--~~-------L----

TITLE: Former President and Chief Executive Officer 

PRINT NAME: Michael R. McGuire 

ll 

. . ' 

..... 
(b)(6) 

·····································--o~i~;3/~i:iirt:f······· 

BY: ~~o----------~------------~-------l 

TITLE: Fonner Rxecutiw VP and Chief-Lending Officer 

PRJNT NAME: __ D=·=av,_...id==M=a=han=-:_ __ 

Date: ______ _ 

RY: ------------------

TITLE: Former Executive VP and Chief Credit Oflicer 

PRINT NAME: 

.. 

Date: ___ __ 

BY: 

TITLE: Fom1er Vice PresideJitand Underwriting Manager 

PRINT NAME: _ ___,D=o=nald Cline 

Date: __ _ 

BY:--·-----·-------·--------

TITLE: Fonner Vice "Presid¢ntand Sentor Underwriter 

PRJNT NAME: _____ CiQ.gy Jon~--

Date: ___ _ 

BY: 

TITLE: Fomicr Vice President and Senior Underwriter 

PRINT NAME: ------'S=o=n=ia~l=Ii=d=al~go,.__ __ 

I 

i 12 

J 

I. -... ·-· ...... ···-----···· ----------- .. 
Date: ---

BY~-----------------

TITLE: Former Executive VP and Chief Lending Officer 

PRINT NAME: --=D=av~i=dc.:.M=a=h=an=---

BY: ~_,vr-•---------------._ l ___ TITLE: Fonner Executive VP and Chief Credit Officer 

PRINT NAME: --=E=dw"-'-=ar:=d'-"S=u=nun=e=rs"---

Date: __ _ 

BY: -----~------~-~---~--~--

TITLE: Former Vice President and Underwriting Manager 

PRINT NAME: ---=D=on=a=ld:...C=l=in=c'--_-

Date: --- BY: ____________________ ___ 

TITLE: Ponner Vice President and Senior Underwriter 

PRIINTN~E: ~-~C=in=d~y~J=on=e=s __ _ 

Date: ___ _ 

DY: 

TITLE: Former Vice President and Senior Underwriter 

PRINT NAME: __ ..:.:.S.:.:.:on=i.::::.a~H..,.,id""'al""'~g=""'o,___ __ 

12 
Date: _ _ _ 

BY: --- --,---- - ----------

TITLE: Fonner Executive VP and Chief Lending Officer 

PRINT NAME: ---'D~a~v~id~M~ah~an:!!.!_ _ _ 

Date: _ _ _ 

BY: ------- --------------

TITLE: Fonner Executive VP and Chief Credit Officer 

PRINT NAME: Edward Swnmers 

( )(6) ___ D_a_te_: 3/:? _'

7

-'-"7-·-1- (/_I_LJ ____ B_Y_: -IJ...&.,. -======:

7 

==--------· 

TITLE: Fonner Vice President and Underwriting Manager 

PElNTNAME: ____ D~on~~~d~C~l~m~e~--

Date: _ __ _ 

BY:~---· 

TITLE: Former Vice President and Senior Underwriter 

PRINT NAME: Cindy Jones 

bate: ----

BY: - --- - - - ---- - ---- - - --- __ _ 

TITLE: Former Vice President and Senior Underwriter 

PRINT NAME: Sonia Hidalgo 

.. 

.. 
Date: __ _ 

l3Y: ---- ··-·····-.. ~· -· 

TITLE: Fonner Executive VP and Chief Lending Officer 

PRINT NAME: _ _ .!::!D~avi!.:.!d_...M!-"'a,f.!!:!la;!.!.n _ _ _ 

Date: _ _ _ 

BY: - - - --·-- ... -- ---

TiTLE: Former Executive VP and Chief Credit Officer 

PRINT NAMR: __ .!..!.F.:!:!.d!.!w.!:!!m~·d~S::..!: u!!.!m:!..!.m~c~r~s _ 

Date: _ _ _ 

BY: ---------------------

TITLE: Former Vice President.and Underwriting Manager 

PH !NT NAME: _ ___,D~o~n~a d~C~li!..!..!:ne

(b) (6 L......... P"::.t.~: ,2 .. :.:?.!.2:=Ltf.. ...................... .. ............................................................. .............................. . 

BY: ~~--------~r------------

TITI .E: ~.6;·mer ,\ice President and Senior Undetwritcr \. vy. 

PRINTNAMn: Cindy Jones 

Date: ___ _ 

BY: ____ _ _ ··---- ------ --- - -

TITLE: Former Vice President and Scnio1· Underwriter • I 

PRlNTN~E: --~S~oru H~ld~a~lg~o~

12 

.;_ 

.. 

' -

--· 
Date: __ _ 

BY; ----------------------------

TITLE: Former Executive VP and Chief Lending Officer · 

PRINT NAME: David Mal.um 

Date: ___ _ 

BY: ---------------------------------

TITLE: Fo11ner Executive VP and Chief Credit Officer 

PRINT NAME: Edward Summer~~ 

Date: ____ _ 

BY: ------~--------------------------

TITLE: .Fonner Vice President and Underwriting Manager 

PRINT NAME: Donald Cline., ___ 

Date; ____ _ 

BY: -------------------------------

TITLE: Fonner Vice President and Senior Underwriter 

PRINT NAME: ___ C='i.ndy Jones __ _ 

BY: ~~--------------~~---------

"flTLE: Fonner Vice President · enior Underwriter 

PRINT NAME: ---=So::<.;n"""ia,..H=l=·d=al=g=o--

12 
(b)(6)_ .............. I>~t!>C 3~£'/ .............. _ ~;, ]~_ ........ _ ............. _ ........... _ ............. _ ...... __ ___,, __ _ 

TITLE: Fonnct· Director and Chairman of1he Board 

PRINT NANffi: Richal'd Fausset 

Date: _ _ _ 

BY: 

TITLE: Formet' Director 

PruNTNAME: __ ~J~o~et JN~o~n~--

Date: _ _ _ 

BY: _________ ____________ _ 

TITLE: Former Dil'ector 

PRlNTNAME: -~P...!:!.au~l..!:!. ch~e=dl=ei'-' __ 

PROGRESSIVE CASUALTY INSURANCE COMPANY 

Date: __ _ BY; ___________________ _ 

11TLE; - - ---- - - - --- - - -

PRINT NAME: _____ ____ _ _ _ 

ll 
Date: _____ _ 

BY: __ _ --- - ------·· - - - ·· 

TITLE: Former Director and Cbainnan of the Board 

PRlNTNAME: Richard Fauss_c::.!- t _ _ 

!)ate: __ _ 

BY: __ _ - -------· ------ --

TffLE: Former Director 

PRJNTNAME: Joanell Lyog_~- _ 

c 

PRINT NAME: -----'P~a~u!.!...l ~Sc~hed~l !.__ _ _ 

PROGRESSIVE CASUALTY INSURANCE COMPANY 

Date: __ ------·- .RY: - ------------- --

TITLE: ·------------ -----·-- __ . _____ - · 

PRJNTNAME: _ _ _ ---· - ---------
~ .. JUL 

Date: ______ __ 

BY; -------· -·----··---

1ITLE: J~ormcr Director and Chainnan of the Board 

PRINT NAME: ___ ]ticbm'd Fausst1 

BY: ~-r------~--------~--------~ lTfLVonner Ditcct; / 

PRJNT NAME: Joaq_f;)l..1y,....,on"----

(b)(6) Date:;;::..- ~~;J L--~~--··-·- ~9~------~;--------~ 

Djitc: _______ _ 

TITl~.Ji(Fonner Dttector 

PRINT NAME: Paul Sch_~!:t.!:lc!!!.r __ 

PROGRESSIVE CASUALTY INSURANCE COMPANY 

BY:-----.. --- -----·· -----

TIT.LE: --~­ -~--- - -~-.. ·-·· ---·---------

PRlNTNAME: __ -----------. ---~-

I~ 

·. 
.Date::_~-

BY:. ------~----------------------~ 

PRINT .NAME:. --~:R~-i~ch~·ar!..:;d!2.·F~au~: s~se:;J:;;.·l..,....,....,.. __ 

·pate: __ _ 

TITLE: Fonner Director 

-Date: ___ _ 

BY: ------------~~--~----~~--~ 

·~rtTLE: former-Director 

'PRINT NAME: _----2P~a~ut~·s~ch~e~d~lcL.r ......,............_. 

(b)(6) 

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