believe to be the case, and the Parties voluntarily assume all risks attendant to such
unknown, undisclosed, different, or additional facts or other circumstances.

4.9 Namber. Whenever applicable, the singular shall include the plural, and
the plural shall include the singular.

4.10 Counterparts/Execution. This Settlement Agreement may be executed
in one or more counterparts, all of which shall form a single agreement. A Party's
signature on this Settlement Agreement by faesimile or e-mail shail be valid and effective
for all purposes as an original signature, provided, however, that the original signature
shall be produced upon request,

4.11 Waiver. No term or condition of this Settlement Agreement shall be
deemed to have been waived, nor shall there be an estoppel against the enforcement of
any provision of this Settlement Agreement, except by written instruments signed by the
Party charged with the waiver or estoppel. No written waiver shall be deemed a
continuing waiver unless specifically stated therein, and the written waiver shall operate
only as to the specific term or condition waived, and not for the future or as to any other
act than that specifically waived.

4.12 Headings. The headings of paragraphs herein are intended solely for the
convenience of reference and shall not control the meaning or interpretation of any of the
provisions of this Settlement Agreement.

4.13 Subsequent Agreements. The Parties agree that, upon the reasonable
request of the other Party, they shall execute, acknowledge, and deliver any additional
instruments or documents that may reasonably be required to carry out the intentions of
this Settlement Agreement, including such instruments as may be required by the laws of
any jurisdiction, now in effect or hereinafter enacted, that may affect the rights of the
Parties as between themselves or others with respect to their rights and obligations
created by this Settlement Agreement.

4.14 Entire Agreement. The Parties hereto further agree and promise that this
Settlernent Agreement sets forth the entire agreement between and among the Parties and
fully supersedes any and all prior negotiations, agreements or understandings made
between or among the Parties. This Settlement Agreement shall not be modified except
in a writing signed by the Parties or their authorized representatives.

IN WITNESS WHEREOP, and intending to be legally bound hereby, the Parties
have executed this Settlement Agreement as of the date set forth in the opening paragraph
of this Settlement Agreement.

SETTLEMENT AGREES

Page $ of &


waive, any claims which could be brought by the United States through either the
Department of Justice or the United States Attorney's Office in any federal judicial
district.

4, MISCELLANEQUS

41 Conditions of Execution. Each Party acknowledges and warrants that its
execution of this Settlement Agreement is free and voluntary.

4.2 No Admission. It is agreed that no Party hereto admits liability or
wrongdoing of any nature, and that this Settlement Agreement is made as a compromise
of disputed claims,

43 Fair Meaning. The Parties hereto further agree that the language of all
parts of this Settlement Agreement shall in all cases be construed as a whole, according to
its fair meaning, and not strictly for or against any of the Parties

4.4 Governing Law. The Parties agree to submit to the Courts of the City
and County of Los Angeles, California, for any dispute arising out of this Settlement
Agreement, or related thereto, and consent to the jurisdiction of said Courts and further
agree that any and all matters of dispute shall be adjudicated, governed and controlled
under California law.

4.5 Attorneys Fees and Casts. Should any action be commenced to enforce,
interpret, or seek damages, injunctive relief, or specific performance for violation of this
Settlement Agreement, the prevailing party shall, in addition to any other available relief,
be entitled to an award of reasonable attorney's fees and litigation expenses incurred in
the prosecution or defense of the action, including any appeal.

46 Severability. The Parties hereto agree that if any provision of this
Settlement Agreement is declared by any court to be illegal or invalid, the validity of the
remaining parts, terms or provisions shall not be affected thereby, and such illegal or
invalid part, term or provision shall be deemed not to be part of this Settlement
Agreement.

4.7 Binding Effect. This Settlement Agreement shall be binding upon and
inure to the benefit of the Parties and their respective heirs, personal representatives,
successors, and assigns.

4.8 Review and Understanding. The Parties have entered into this
Settlement Agreement voluntarily, having fully read and fully understood the meaning
and effect of all of its terms and provisions, and fully understanding its and their costs
and risks. Each of the Parties has consulted with legal counsel concerning this Settlement
Agreement and has conducted such inquiry as they deem necessary and advisable prior to
entering into this Settlement Agreement. The Parties enter into this Settlernent
Agreement anderstanding that facts or other circumstances may exist which are presently
unknown or undisclosed, or which are different from or other than those which they

SETTLEMENT AGREEMENT Page 4 of 6


4

te

APPROVED AS TO FORM
DATED: October bes 2012

DATED: October_/, 2012

APPROVED ASTO FORM
DATED: October _-_, 2012

DATED: October__, 202

(b)(6)

By:

Frances O'Meara

Sanjay Bansal
Attorney for Defendant CARINA POLLARD - :
Carina Pollard (b)(6)
By:

Signa

"Carina Pollard -

‘ MORTGAGE RECOVERY LAW GROUP LLP

By:

Paul Levin
Attorneys for Plaintiff FEDERAL DEPOSIT
INSURANCE CORPORATION, as Receiver for -
INDYMAC BANK, F.S.B.

FEDERAL DEPOSIT INSURANCE
CORPORATION, as Receiver for INDYMAC
BANK, FS.B. :

By: .

» Signature

Type/Print Name and Title

SETTLEMENT AGREEMENT ‘ Page 6 of


(b)(6)

SETTLEMENT AGREEMENT

THIS SETTLEMENT AGREEMENT (“Settlement Agreement’) is entered
into and made effective as of the I day of October 2012 (Effective Date”), by and
between FEDERAL DEPOSIT INSURANCE CORPORATION, as Receiver for
INDYMAC BANK, F.S.B, (FDIC-R”) and CARINA POLLARD @POLLARD"). The
FDIC-R and POLLARD may hereinafter be referred to individually as a “Party” or
collectively as the “Parties”,

4. RECITALS

14 On or about Jane 24, 2011, the FDIC-R filed a lawsuit entitled FEDERAL
DEPOSIT INSURANCE CORPORATION AS RECEIVER FOR INDYMAC BANK,
FSB. v. GB ESCROW, e¢. al, in the United States District Court for the Central District
of California Case No. 2:1 1-cv-05318-ODW-JCG (hereinafter “Action”), The FDIC-R.
sought damages from POLLARD arising out of a mortgage loan that IndyMac Bank,
F.S.B. CIndyMac”) had issued tothe “Loan’). The Complaint included
elaims for breach of contract and negligent misrepresentation. In her answer, POLLARD
denied she was Hable to the FDIC-R for damages.

12 The Parties desire and have agreed to settle all claims between the FDIC-R
and POLLARD relating to the Loan. By entering into this Settlement Agreement, the
parties are not admitting the allegations as set forth in the Complaint.

2. AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants and promises set
forth herein, and for other good and valuable consideration, the receipt and sufficiency of
which are hereby acknowledged by the Parties, the Parties, intending to be legally bound,
agree as follows:

2.1 Recitals. The Recitals set forth above are incorporated into the body of
this Settlement Agreement as though fully set forth herein.

2,2 Payment to the FDIC. Payment of Thirty Five Thousand Dollars and
no/cents ($35,000.00) (the “Settlement Payment”) shall be paid by or on behalf of
POLLARD to the FDIC-R. The Settlement Payment shall be made no later than twenty-
one days after execution of Settlement Agreement by FDIC-R.. POLLARD shall deliver
the payment fo the FDIC-R c/o Mortgage Recovery Law Group, LLP via check payable
to: Mortgage Recovery Law Group Client Trust Account, Reference: Pollard
Settlement 700 N. Brand Blvd., Suite 830, Glendale, California 91203.

2.3 Inthe event POLLARD defaults by failing to make a timely payment to

the FDIC-R as set forth in paragraph 2.2 above (‘Settlement Payment Due Date”), the
FDIC-R, in its sole discretion, shall have the right to:

SETTLE

ONT AGREEMENT Page 1 of 6


(b)(6)

APPROVED. AS TO FORM
DATED: October, 2012

DATED: October __, 2012

APPROVED AS TO FORM
DATED: October _/ 2012

DATED: October |, 2012

Kaufman Dolowich Yeluck & Gonzo LLP

By:

Frances 0° Meara
Sanjay Bansal
Attomey fer Defendant CARINA POLLARD

Carina Pollard

By:

Signature
Carina Pollard

MORTGAGE REGOVERY caw trove LLP

Toe
YS for Plain? Plaintiff, eBERAL: DEPOSIT
INSURANCE CORPORATION, as Receiver for

INDYMAC BANK, F.S.B,

FEDERAL DEPOSIT INSURANCE
CORPORATION, as Receiver for INDYMAC
BANK, F.8.B.

(b)(6)

By:

Signature

Re chavd SGM, Counsel

Type/Print Name and Title —

SETTLEMENT AGREEMENT Page 6 of 6


a Extend the time for payment, including interest accruing from the
Settlement Payment Due Date through the date of payment at a rate calculated in
accordance with 26 U.S.C. § 6621 (b)G); or

b. Enforce this Settlement Agreement and, in such event, the Parties
agree to jurisdiction in Federal District Court in California and that the prevailing
Party shall be entitled to all reasonable attorney’s fees and casts expended in such
proceeding.; or

c Declare this Settlement Agreement null and void, move to vacate
any dismissal order, to which POLLARD agrees to consent, and institute an
action on the FDIC-R’s claims, and/or

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

Any extension of time for delivery of the Settlement Payment shall not prejudice
the FDIC-R’s right to take other action or seek any relief during or after such period of
extension, including the right to bring an action to enforce the Settlement Agreement, or
declare the Settlement Agreement null and void.

24 Within ten (10) business days of the FDIC-R's receipt of the Settlement
Payment as set forth in paragraph 2.2, the FDIC's counsel shall file a request for dismissal
of the entire Action with prejudice.

2.5 Each Party agrees that Section 664,6 of the Cade of Civil Procedure of the
State of California shall apply to this Settlement Agreement and requests that the court
retain jurisdiction over the Parties to enforce this Settlement.

2.6 The Parties shall bear their own costs and attorneys’ fees incurred in the
Action.

3. RELEASE

3. Known and Unknown Claims. The FDIC-R and POLLARD
acknowledge and agree that the release they give to each other upon executing this
Setilernent Agreement applies to all claims for injuries, damages, or losses of any type or
nature (whether those injuries, damages, or losses are known or unknown, foreseen or
unforeseen, patent or latent) arising from or in conjunction with or related to the facts and
circumstances giving rise to the Action,

3.2 The Parties hereby expressly waive application of California Civil Code
$1542 as it relates to the Action, The Parties certify that they have read and understood
the following provisions of California Civil Code §1542 which states in pertinent part as
follows:

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

SETTLEMENT AGREEMENT Page 2 of 6


time of executing the release, which if known by him or her
must have materially affected his or her settlement with the
debtor.

3.3 The Parties understand and acknowledge that the significance and
consequence of its waiver of California Civil Code $1542 is that even if either Party
should eventually suffer additional damages arising from or in conjunction with the
Action or any facts or circumstances related to the Action, that Party will not be able to
make any claim against any other Party for those damages. Furthermore, each Party
acknowledges that they consciously intend these consequences even as to claims for
damages that may exist as of the date of this release relating to the Action, but which that
Party does not know exists, and which, if known, would materially affect that Party's
decision to execute this release, regardless of whether that Party's lack of knowledge is
the result of ignorance, oversight, error, negligence, or any other cause.

34 Except for the rights, duties, and obligations set forth in this Settlement
Agreement, the Parties each hereby fully, finally, and forever release and discharge the
other Parties, including but not limited to the Parties’ current and former predecessors,
successors, assigns, affiliates and any and all of their respective, employees, brokers,
investors, members, partners, joint venturers, independent contractors, attorneys,
accountants, insurers, agents, investors, representatives, officers, directors, and any
corporation, partnership or limited liability company which was or is at any time the
parent or wholly owned subsidiary of such entity, and any such corporation's,
partnership's or limited liability company’s officers, directors, employees and/or agents,
or any corporation, partnership or limited liability company which was or is an affiliate of
such entity by virtue of common ownership or cantrol, and any such corporation's,
partnership's or limited liability company’s, officers, directors, employees and/or agents
of and from any and all actions, causes of action, claims, demands, damages, debts,
losses, costs, expenses, attorney fees or other liabilities of every kind and nature
whatsoever, whether legal or equitable and whether known or unknown, arising out of,
resulting from, or relating to, in any manner, to any damages, loss, or liability arising
from, in conjunction with, or related to the Action or any facts or circumstances related
to the Action.

3.5 Notwithstanding any other provision of this Settlement Agreement, the
FDIC-R does not release, and expressly preserves fully and to the same extent as if the
Settlement Agreement had not been executed any claims against POLLARD arising out
of existing or failed financial institutions other than IndyMac. The FDIC-R represents
that it retains the rights to pursue any claims arising out of or related to the Loan against
other parties. By this provision, POLLARD does not in any way grant greater rights to
the FDIC-R than it would otherwise have.

3.6 Notwithstanding any other provision, by this Settlement Agreement, the
FDIC-R does not release, and expressly preserves fully and to the same extent as if the
Settlement Agreement had not been executed, any action taken by any other federal
agency. In addition, this Settlement Agreement does not purport to waive, or intend to

SETTL ENT AGREEMENT Page 3 of &