(0)(2). 

1,. RECITALS 

. 1.!1 dn or about:.()ctob!!r6: 1999,JndyMac,Jnc., its ~uc~e~$or?andas~igl)s, 

~t1d1ts affil\~te ll1.dyM~~ Mor~g~~~: 1.191QJrg~. I ric; '(~olJy4tivf!l)'; "lND}"~1AC AtrliJ~te$:') 

c.ntercd ft)to a. busine::;s ~ela#onsllipwith MI'Yg()verned py a: SGll~r Gotit19p;t (the l'$91l~r 

Contract''). 'The Seller C¢1itract·scts fotth'the•undctstand1ng, between lNDYMAC A(flilia,tes.ar~~.MJTwh~t~byMLT ,a,gree~,an1pqg Qth¢r~hing$,·tp~l,i~t~:tiJ mor~gage; loans 

to ·lNPYMAc Affiliates foi· purchas~, •and.lNl)YMACAffiliat¢s ngteed to purchase :iti<}rtg:ig¢ ~qah$,s~1:liriJ#~d.l:l.YMJT, · · · · 

. ;;z INDY MAC Af1iHates pureilased loans fro1n Mit pursuant to :.rl1e,~ierms of 

:the SeHer Cont'r~ct, · · · 

.1.3. :Onj>Nlbo~t J~J.ne J 6 •. ~004; h,Jdyl'\1ac llank/ES.\3:(i'lND)i:M.AC11and Mit 

enterettinto a 't:itislnes~ .re.lationslitp governed by a Mottgage LoanJ>utcbase and l'rttethn 

',Servj~~trg' Agreein¢!"\t .(''Mf;r Agr~eelllC.llt''), . The MU Agr~~IJlCrtts¢ts f<itthtbc· .. 

l.lf!d~rstandlngbet\vetmtNbYMAC.:<ihd'Mtt wherehy·MIT ag~(.'!a; ~hiong oihettllfngs, 

'i9:§~\Jtrl.it'(li6rtg4t~ ~94ns to lNP.)'IylAG f<?t: .}JI,trcha~e.;~~ ~NlJYMA9 ~gr~~d t9 

:put.thase mortgage: lo.atJ,SsQb'mit,tecl by MlT. 

·lA · INDYMAO pltr6husedlo<UlsfromMlTpbtsutmtto·the'tetm.s ofiheMIT 

A~r¢ei)1ent~ 

. . . . . ts· . :•fn eatty'20b7~ J)BSP.atquir~d MortgagtilTHdidii~gs~thc.~.fhe ·corpotattP~~rt~ of MIT: S!,!P~;quehtt~.~h.e i)qq~i!!ifiojl~ oJ'i. o:r nl;lg!4tM4r¢·h. J, ~Otl[;:JliiPYMAQ 

M.d'f)BSPe~teredinio a:hL!sincs!{r¢latlP.t1ship gQVerned {ly 11Mortgag~.to.nii Purcba~N 

ahd Ifit~rint~ervicin,g A,gr~ef1ie!l~·(''D1l§P J\gt:~erhe~f'}. t~e Q.~~J>'J\gi'eern~pt~et$'fdrU1. 

·the undei:stancHng peiwecn J'NtrYMAd. af1d PB$1? wher<;by 'DBSP •o;gr~dt' Ulm)ng.otht:r 

·thlng.~, .. tc:fsu'bmh~tliort.gag¢ loans to JNDYMAC fo:tpllltihase; and JNDYMAC agreed to 

P\!rchasl!·~ior.h~~gc lqfln~ ·$,1,1bmitte.d py;l)13$R · 

·~6 INDYMAC pUl'cl)ased loans from bB SP p'ltrsuailt· tb the~:f(jl'i11S oftlie 

!OBSP A:gi'~eilL 

S:~'i'ttE~fE'Nt A(j[{)~EMENT • ·P;i~e lpf!) 
. {S ·. Aii ()fthe I(Jans purchased bi IND)'MAC ci'r n~riYMAC AfDJia~es 

ttirectl)r ftoih;· ot qrq~e.r#lJ!1f.91•ght ·~ltb¢r Mlt Pr:P:S sp· ~n9efth~·SI!ller Qonii-act, ·th:e M'n'i\g~cc~~ent;, thel)psr\A.~reemenf..qi· atw oihedoan sale 4$rec.ii'ieilt arc hereii1Mt~r 

•refeited to as ~he "S~Jd L,patW'·~~d·~re'.$~tbj~tl~q lb:e·terrnspfthe~r~sp~ctlvl!,a,gre~m¢rits, . . 

] :8,: the ref>'P¢ctiv~ s!!~ti(}ns '3 ;.0,2.;~)f(h¢; Mrr~Agree1nent·and t):BSP Agh~cinent 

· set fortlH;icrtair'l i·epresentatibns arichvii,ri'a\ities .f¢gat~ing iJk:$oJd :r"¢a•~; · 

'L9 th~ t~p'9q~:l\re ~eciipn!i'3.0) qf:t!wMl:(Agreeroent and DSSP~Agr·eem·ent· 

t~<filli f{! {h~ repQr~w.se. ofloa:ns ot indeil1ni Cication ag!31hs( losses where there; is a breach. 

9f~'1.Y.t¢pre~~f1(a~ioi1'ati~(or w~H:ahts, 

. J,f() The reSR~Pt:ive s.ectibns-<3.()5 ohheMlT Agteeineti.till'!di:iBSP Agteeihe.nt 

te~t1itc'the· t.e,p~rchascnf lo<lq'~·\lr:iiiderrinifl9a~ioh again$t)9sses wh~tc nn B;n;ly Payment 

befay1t; a~:clertnc~ .in ~Yucb ~,tgrecrnent!!,·hlis ·m:9tir.red. 

:l.ll 'lNDY:MAOmade d~n'ii:lri9s:~{)MJT #114 DliSPf:orrc!)tirGitll,S¢cot 

inderl'it).iflcatioh ~~({g c~na.Jn<)ftl:l.e Splc\ 'JjQ(IllS:lla$\!d:IJpPn a.n alleged ftnding.ofa .breach 

9t Et11)'/tepresentatkm a11dfor warranty or Early· P.aymcili'bcft!ult:tls: set fortp Jn:t~¢·''MlT 

A;gr¢elh~~ta)ld/dr p~~P A&r~¢1ij~#C 

, .. , .:t;iz: .on Jl'UY \I, ,26(i'8, ibe'Office o'f'l'HdftSupervis:ion (••tits'') dosed; 

tNDYMAC, As part of ·its'!¢sQl \.l~ioii· Of:thC faH. ed thtift; .th~ f ed~r~tpepp~ifb1S\] rnp_~;:c 

'GprJ19r.?tion:~~.at~~ a.'B~~~·th.r94~hrP¥.eJyer~hip:" The· fPlC e;icl ~ ilvety· r~t~i~~ ah tfgi1ts' 

:md.claims f'i:oin INDYMAC "i.i11derthe MIT Ag!'ce!henf'and DBSP Agrceiuerit Uiat are the.slifl?Je9tPf,this~f:1.erti.$1~nt.4g~¢,1J1~nt · . · · · · · · · · - ·. , -

;1:13 Th~.toic: I$ $tekJi1& tepui'cllase or 1nden1rli{icati~i' :pur~uai)t{b alieged hr~aches 9f¢:itlier.the M~T !f\grt?eri;i:e11.(or;P:~$:~ Agt,~erti.etirwi.th rc:;sp~crta certll:ip qf tbx 

?old t;Q!ln.s. · · 

Jj4 Ailtigh~ of'repurchas'e,ref~n:qtreimb1,1f~¢11lei,.._, io,cl~mri.i,ijcatiqf1, 

99#1iih1-i1Jpj), ;l1i~k,e"wll9l~, P~YJP\'pt; l;Jr!'la~h, d~lllage$1 cos,ls# lpss, attome:ts (¢e$ nr 

recourse ·ofanyidud and at~y. defense or;off~efthereto udc)ei',the· S~Her Co'tiffact, the MIT Agt~~riJ~pt;. tbc' PJ3SPAgr~c.t;~1elit,or apy otlwr loan :sale agreement with rpspccho any 

.Qr t!U :pfthe Sold :Loans; \Vh~thet n:o·w ktioWl'l ot:unkno\Vn, ~ro here'inafter·refetredto a~ 

th<? ''Subj~ct Claim.;;,"· · 

. ~;~·5 A dispute )14s.fl,risen beiwe~n .the FDIC on ..the: Me hMd; .and MITatid 

:baSP ·on the t1ther ,hand;, withte~pect to::{heSiJ_bject Ql~i¢.~ ttdder the Mrr Agrech1t}(Jt 

?1J:Q Jhe:Pf3SP Agre~tupnt.' · · · · 

1.16 WHho.vratbnhti'ng;Ha1rilit>\ uiePattiesdes"ire'ttraridhnveagr~ed to settle 

tutti reS.olVe. tb¢ Sttbjept .Claims,. The Part;ies· dc~m it in fhek b~stinun:eststo cnt~r~i.nto 

tll~s$'ettlementA.¥r~nlelltto;ayoidthe:qn.eert:ainty~ ttoubl.~, and·expense·ofaji)'Jlli~all 
. . ,;._. ~. :· 

·potentiahitig&tio1I:coficcinin~nhe SubjectC:lri'ibls~ ,By this S¢dlefuen~ Ag•·cenient,.·ihe P~ti~$ :interioto mei)Jori~:U.ze ·.t~~ienns ofihdr eompro1iiise and:settlen1ent of this matter. 

1'SQ\V,, Tli,F,.REF()nE.; in tori~ld~rqtiqn ofthe mutt!? I !1PY!!:t1111l{~ ~n,dprmniscs.s~t 

forth hct:ci1i, ai1d fot other gtiod ~tld valuable consideiafiOJl; tf\etcC.~-ipt_-aJ1ij 'st(fflciel1cy of 

wh ioh :are .heteby #C;k.rio\vledgcd by the P·ll._rliesj tlieP.~t:tie,s, .intending to be leg.1ll~· bound~ 

;\greens fono,w:· · 

2~.i Re~ita~, Tlie,t~cci.tals sqtf:orihWt;lv¢:t1:1'~ liicQI~potii~~4 intOt11~bo~y.Df 

th1sc Setttci'!leriLA.gr~~mentqs .tho11gh (tilly ·set!orth ht:rdu. ·· · · · · · 

. j;·2 . PnyJUcrtto'tSettl~nietU F,unds; h~yriicht·of'fjfty F.ourMlili~t}.D~YHm's 

mid ~~9/ c ~·n't$· ($54;099;0Q~~Q<)) ·m1c ?'.$~W~menf'Fuil4~ '

1

) $11~11· he. pal & .. qn heliiiLf:Qf.i\1It 

.and J)BSP (ln or-before·becci1ibet3l, ·.zoo9:, The:Settlernent f1ihds • shall be Plii'~(py wlr~ · 

translbtas·foOows·: · · · · 

}3;tnk: 

Address: 

.Routing N!Jrtil>lfrr A-qc,ountNui11be~i 

WcJIS Fargo B~rik\ NA 

.535 R Br~nd Bl¥d 

(it~nctai'e. dllif6n1ia 9liQj• 

:Mortgttg~ Rec~rveiy Law· 

Jl'rollp ·· . LLP · . {Fmc client 

Trnst,CCOUri(in ···l 

;2~3 TlleLP .. mies ngree•iliattliYt~jyrceeifrt (}fthe•set:_tiemcnt_:Hoi1dsis a'n 

e~$eht:hip~i1J\:M-9.1fl qqpd,i~~o~ t() the effc~\iv~.n~s~ ofth)~ $.ett1~ment A$reYt1WnL 

);4 Svl:li~t :to Section 4/7;, the I~art1es sl\~U ·lie ·resporislble andbe~r t1}¢ir o\v~1 

~stS~·expcnscs aJ1~·ahy::tttonley~· fees,incutrCd it{¢is matter, . ·. 

z;s ·.. :fvilT.JlOcl Dj3$'p !Jte)oliltly 1UlQ sevcr~ly Hab1ef6t,pny11ie1tt'offue 

Settlernent-'FiiJtct.,, )fany·r,odioh 6fthe $etti_¢r1,1¢,i:\tfo11!1s1s ~i,ibj~~~ tQ.&void~ri9t ~s. a. 

· pr¢f;¢t:eJ1ll!llt~~n~;fttr Li\JQ~r Jhe;' V.r1Tte,Cj 'S~te,~ E&okrppicy. ¢o&e; the11 DllSP .sh~li be pbfi~'lt~dto-pay-tbe :r.tJG:M)' ambLmts ofthc;·Scttl~lheniFut_~ds \J,!~i~h~resu~j~d to ~tid~. 

!:iV9iWU'lcC.r 

3:1 lJiiknt)Wti Cla.i.l1:~s. Th~ Pattie~:M~hq~le,c.U~~ {l[id <\gr¢eJ~atth~ rdltmsc 

· th.e),'. givt.) t(J · ~ach ·o.th~r:upoil, -ex~c.pti~g thl s Settlcmet1t A~$i'eeurenl applies to. n1L¢laifus 

for .inj udes., datimgcsi or losses of·iitiY t)lpe on1alt® (~yhelJ1ey .thos~ injuries~ dan1ag:cs, or 

~q~s¢~. ~te·;~{l.Q"\Vjivf.-PPKn.mvu, fpre~~n Pr mifort:s~cn, patetJt -Qr .lat(mt) which they or 

sEr-n.:E:~~:;NT i\:aB.mTh:r~::N'r :pages ~f? 

(b)(4) 
their SiiCC¢SS\)rS\Iili1)• have,against euch other adsingfn:iiri tir'rei(ltiJ1g Ill ~ny way tO the 

:~\lbJ ~pt q1~iiJl~, . 

. . '3/2. the-J>atiies hereby e~pres~ty wiive upplttatlbh ofCalffotiiir.i G~i1W C:od¢ 

§:1542, Md (lnji {l1wlogous i.'Jt: .:,•iillilai;.p;ywi$ioh qflqw tir a,ey otb.erjiw/5:c!ic;t/Q11, v<'itb . 

;~~~P~9ftQ th~ Suhj~~tC\aim$. ''fhe.Pattl¢s;terti1}r {hattll¢yhave r~ad and uncierstarid the 

tollo\vin·g l'rovii>ioiis oi':C@.lifq'/'ljl'f.i (;iii/[ C~/de §JS:4f wliic.!i sta~c~f i!l pertiri~lit partn;s 

foUo,vs: 

-~t~!:M~c~~fJ~~~~ii~~~o~~$E~6t~~~~- oR. Sl)SPECT TO EXIST IN HiS 0RHER FAVOR AT 

'fllB:TWE:'QFEX.EClVfiNG JllJ3.B.~l..:1~ASp;\l{Hid-li'F KNOWN . BY HIM ·OR HER MUST' HAVE 

MAtERIALLY AFFECTED HIS· OR HBR S:t:T'r0E:MeNi WITH. ri-ili PEatOR:.. . . .. 

3.3 EachJjattyuttdetstands $1d: ackowle'dge'sJbiit ih~ ·~Jg$~Jicance' ;!lijq ·cons~qqe~1ce qf .its w~ycr:o,f'CpliforJ1ir:r GMI Qpde ·§'i$4.~. is';tbai.~~~nifany -Party should. 

evcntu~llY• $til'f~t:ac;l'(:ll,tl oiial .-damages .adsing out.of.the SubjectCiain1~;lbe. Claims iU1q 

'causes of acU9h '$~l\Yi!l'~ '9.t.c9WI¢i lia.ve :Q¢~Q ~~¢rt~d.felating tp ;th~ $i;l~jcpt Cla(n)s, or· 

•!)ny facts or~irctunstan~s ~e1at~d.tothe:repurchase ohm::iloth'idemnificatloi) ofio!ises, 

associatetl\>iith the St1 bj¢ct Claitrt~, U;iat :l)fu:ty w~U ~ofb~. able JO.l:riaKe a,ny p,{!iitr\{9! 

toqs~ Q~l'riages. ;Furthermor~~ <;ach Party'ackoowlcdges,that:it cpnsdously: lntends these: 

c.Qns¢quenqes evert}is {(l'claltiis ,fljr. da:n'll),ges that may. eld$tns 9flhe :g.ate bf til~$ 

$ett1~i#ent As~¢.eincot b~t\yhich th~t~~'tY does onot knQw·ei;i'sts; a11d \\~hJch, 'i(kno\vn, 

W9!Ild, mat~d;ifly·~tf~ct that :Patty•s dcdsiot'i ·to execut~ this SettlementAgrcemen t, · · 

regardless pf\'rhc:;Jh,~i;lh~fP~rty 'fl~~k qftg1t)\VJ~dg~is 'Ql~ :~esunqf:ignpmn~, 9Ver~ight 

crr9r.,negiigcnci, (lr·~nyotheteause; · · 

· llA :.t{e]C'aseby.:Mn\ :MJT li~reby -fuUy, fmaJly, rtJiqfor¢vet'I'eleaseswi4 qi~¢!~~rg~S, ~1ht:J.f.Pl_Q, .~l'ld.'ao,Y:Illl'd ~JLoflts respictive,p<ls~ ·present; ~ncl:ft~i-u~ ~ffillai~s, 

¢:mployees, merribtts, .i'artilc.ts1j o'ilit YeiiJurets,;iridepe'ridenrcontra~tor~, iit~61:p¢ys. 

iti~ur~rs;. iri¥~$tqij,· icprci?f:nilitiYeS, officers, dir~ctors, sharehoJ<!crs, indepcnden~: 

gor~traciors;.prede9~ssot~1 su~¢>Sots u1td assi~n~. ~nd a11¥ coip'otation~·.Partrlets'hrp or· 

limited lhibilfty ~mp~1l;Y' whid~ ·was,or js ,atany ti!Ttct~¢ p~r~N otwl,qHy own~d 

~4bsiCJ1acy pf,sp¢h ct~fib;. ~n4 ~ny swib .~Pt[Klradori's; partnership's or Hn1Ited:iiabiliiy 

company's offipers1

· directors,· and/ot ~niplqy~~s,. ·~w#~Y: ~:C\qior~,l~il~ p,ai;tri~rship o,r, . · 

limj(¢d''fial:;iJtty c6Jl1p~ny '~~hichwas o.rhan af(lliate ofsu~:;h enti~y by vitt:ue,of:Common . owner&hip·or:c,ontrcil, and a:ny such cotpota'tipn1

s, p~ttnet$i#p's or liJi):it¢d H~liilitf 

com,pari)~'s, l)ft1¢¢t~.~ 4ltc~tor~.·~il<J/9r.eil1ployyyS_:Q,f iui(J, frqJl1 ~l)y~nd ~'11 'l!ytiOD$, qauses · 

ot.n~.t~oil, 2)aim~t, deO:um:ds, damage.s, ddits, iosse~;t:osts~ e;.;pen!ies, attorney fees or other 

lhihilities ofevery kino i;in~ natill~e- w•h~tso¢ver,;'wli~W~"<t ·J,eg~l {)r ~q~~tl!qle 4nd wbeth~r 

Rnown or unknQ\Vll, arising out.of, resuhing.ftom; Dr:relatlngtu. 'irt any manner, tl1e 

Subject Claims; · · · · · 

:SEfTLl3M~'f AGREEMENT . . . :p~g~ 4':o'f:9c . ' 
i(s · ~~~ieas~:t)y,J):BSP. ])BSP tekby fully .firi~U)r, ii!1dforcvcr r~lettscs 

~rid; qi$.<ihf!r,g~~ ~h.e:rri)c, !l:nd ~r.Y: liUd a'llgf its r(:spective past. pr¢s¢nt, ·~nd.tlnurc 

· affillaJes, ·empioyees,.' rt1einbcts1 partnersd oint V¢liNrc;rs,jpd~i*iiq¢i~t ·~oi}t,t·~~tol:S, .. 

·~t.tp[V.¢y~, ih~J1r¢rs1 .. iriv~stor$' .rep,res~ntl!tlv~~; cifftGer$, :{;llreptors, .. sh~rehoJoers,. 

lndependcol POnha¢iots, ptedetessots1 sitcc~ssors ai1d assigrts; ·and ai~Y ·c,qtp9ra~io.n,, 

paftrietship orlimttedll~l?illty comp\uiJ"Whi~hwaJ;or is at.l!l1Y timetbe·parefltor wl)olfy .pwnce~ ~;!.Jbsidi~ry p£s\1~h entity, and JmYSi!ch corporation's, paitrietsh)p;s or 'ii'n1it~d · 

iiabHHy t.ompanY's office,l'!l; tlifet;tdt's, itlld(o~· efi1pl(.)y¢e~; ,q~ any pqrp()n4ioi'i, J~gtlnership 

(fflit1lited l.i~l:>.Bity ~gmpq.qy WhiQh \Vfl~ prj$ an riffilia:te of.sud1 entity. by virhlc ot 

"C()n)m(lri .ownersbip.ot·cotiirdl,(uid ·a~y such corp6r~~io.n 1 J>i:ttt:te.r~*~p's 9t li!l1l~c! 

liabiHiyc.omp~Il}"s, officers, directors, :and/or c,tnplqy¢es ofl.md f1'om any and all .actions. 

~~ws~s Qf ~won;.¢laims, dematlds~.d~n'lages, debts,_•loss¢$~ c(Jsts; e),!:pehses; a1tori1~y fee~ 

br othcr.•li.abiJitit?s'_of cv~rykif!~ a\'j!f·llntuf~Wb4~.~9eV~!'; whcther)<:gal pr·e~tiitalilcand 

'~~h(fth~r 'known Qr untnown; ;,~rising out of; resu.Jtirtgfrol1ij or relatit1g to·, in'any maniler, 

the S~tbject Cialiris. · · 

·3!,6 .F.¢JeJ,I~1!.9Y FDl'~~ :th~ 'fPlt,. for ifseft as .receiver fhrlnd_yMac and 

f'o:r·subseqt1cnfpurchasers,l6:nyrofthc Sold Lbnn~1 Jierebyf~Jilv~· fi!jtl.fly; w:14· fqrc~·e'l' 

il!ll~.£\$~s.~jq discli~g~s :QBSP, al)dJ:4l'I;! atic:l. ~~ch q{pJ3Sli'$ ~n4 M..l;F~ 'resp~~tit.e .. parent corporations~ :subsidiatics :and affiliates;. and any a1id aH o:f.1heit l'especti'Vej>ast; pres~n"l;. 

atitftuttJre !~:t'(i.l ~~t¢s.; ejhpl_i;ly~~~;; h:l¢irip~r~. epqftdt!rs,j oi(lt venilircrs; :ind~peoc1hnt.. . . 

contr~vtors! attoqi~ys¥ 1nsijr~rs, i~v~s:tors~ t¢pr~se(1tadves, ,offic·ers; <lirectors, 

shateho.ldets; inclepcrt,deittcohtraoJQtS~-.precl#cessors,. $ti¢cessoi·S.. aiid a~\;~ns~ aodagy 

#irp9r~Hon, p~rt~¢r$llijl ()r. :limitedl~~bility con~~ny \Vh1chwas oris at anytln1e· the 

parcnt-.or whoiiy ow1ied stihsidhityofsl!tih entity~· ilild any suc!1corpqfa.Uc)Q~~. 

p~ttnet~n!P.'s· .9{Hrnite~ l!apilJt)' ¢9tnP~>~~~ 9ffic,ers,, ~(resiQr~, ~cll-9~ ~~~piQ.y~~s,. or·~ny 

oorpor~Uo1f; pi\rtQetship:.Ptlhnited:Habilityco'mpanywhich \vas or is anaftiiiiMgr·sllc1i· 

en~ity by•vit'(i.lc'of·c.oliim()i1 oWnership oi ~oritiol~ ~nd.any ·.sucJli;Prporation's,. 

p;a0Jl~J:sb ip's or ll111ited lial>ility comp~1y ·~, oil'icen:, directOtl>1 and/or :Cmj)I6yees <Jf·tmd 

fi·oni <thy anci all ·actloJis, causes pf actic:m:. ·clain~s~ de1n~M~i d~11t~ges_, debts,· ,1\:\~se.$; cosl!;i, 

¢~peil~t{$, a(t~wney fe¢s 9f'Ptlwr Jjap}~{tl~ o(every,k'fnd m~d natqre.y;~hatsocvcr~.cWhethet 

i~giiJ or ¢quitllble .and whether kMWil or unkriowll •. ili'.isil1:g,o(tt of. f~~\Jlting frqnt~ ·at 

t6JaJing to; in ~tiy ti1aful:er, the'·Sllbj~cfChiims, · · · · 

. ~t1_ . . E:tJ>r()ss.J~eset-vatlon·f~nrReleases by FDiC; N¢.w.·itllstru1dl~g any 

other ptovi$i¢i1, l?Ythis s.e~t_le'1ri¢!1~ -AID'MhJ.~pt, fh~ FPJQ do~s.'l'iqfr¢)ea~e,. ~ncl cxnr¥!isly· 

pr\'ls!;!tw;:$:(\'llly•andto tllc·~~rneextenfasifthtiScttie.n:t¢nt;Agteemertt,had1ldtheen 

. executeq,any;actitlli.takCI) 'I:Jyany J;Jth:er f¢de¢l·ag¢11c)i· Io·additloll;, Jnis SettleineiJt ·. 

)~.'gr~l;!t]l#n(qotis'.~ot: pu,rpgr;t to '\V~iv¢, or intend to.watve; ~py:dai.Jns. which COjlld he 

bmughtby the United St-atcsthroug~, ·eithcr:the Depatth'l¢ntti:fJustic~ or t~l~·uni_tcd ·~t~~e.$' 

A.ft9rp~y·s Qffice j~·l,i,tiy f¢3~r!l;ljY,diciitl;d1$i:ri¢t. ;F:urtncr, tbi$ :$e.ttl~m.ent.Agr~el11(,!1it. 

d~)esnot pt!rpQrt to w~h~e,·ot.int¢nd to :waive,:atiy defenses to arlyclaidror action brought 

agaiiist. tlie f b IC, Iii>' det1M4. ot*¢ f.eo~l"al _Deposit In~.u·ranqe.Corporation in.any , · 

~~pJi,cJty, ~'-:,C.t!ptAla~~he r~~¢.ryat!ons 1n. tb:i~.paragra;ph's'hall not ;aJiplyin any aMiot1by 

b SSP ot MIT to ·enforce th.e'proyisiorts ofthis :s~ttlet'hept ~guil)$t'the FJ)J.G~ TjiiaUy, · t'hi~ 

$Et1£JEMEN:T AOREJ;:MENT 

l'llge-5 .or 9 
Scttlen1eJ1tA$teetnenrd-oes not rckase,_ahd ~><Ptcss!y.pr[i~erves il;tll:)r .atJq Jo .the, sam~ 

~xteptas-i.f-tlie S¢ttlemeqtAgr~e!U~nth~d not. !1een.execut<;:d~_~11Y cJf!iliiS agaiilstMl;f-or OBSP ~rising outofeiisting t.W future failed fi:piiJj~i!ll ih*i~ytil?n& (jt}l~i' tha.itJNPYMAC_; ~~cept t9 tli¢ -exte.nt (hanriysu~b Gl~ims r.l:il~te to ·tbe Solo L{)ans •. 

4i1 No·]~r(!Ss Rd¢~~¢, Tlfe fDJG\Yill66t 1~~ue a pi·e:i$ r~leasereg<Jrdingthe 

'Sclt!ement Agr:~ejj1enJ "or any ptoyiston·the.rein:. Mf'\-vill -itmi~ke ·any: other ptiblic 

.·sta,ten1¢ht (It publ ic--affintiatl'd!l ·or the Settlenl.CJ1l Agre~J11Cnt or am; othet pr<,)V\s)qJl 

tij¢r¢1~ p~¢~ptif\respon,s¢Jq -a;spedfip tnquhy or :ii:s otherwl~c .reqi.!1~~d-:by law: 

4.2 Cooperatioil. ·~rh¢F'Dlci J'NbYMA·Cqrid the:JN])YMACAftlli~1cs 

!{gree they wil_l pro\: ide to .D.~$P :ot:tvi\T lo.ll.n Jev~J d~lt~~ -fite:s. ~r 91lwr information 

reta(tn_gtoJhe S,o!dLQfjrtSa$r~asonabl;y-tequest~d-~y DBSP ()rMiT': 

4;3 ;(:o~tlititil1s ofE~¢cu~tJo;h_. J3*cp ·p~I1y.•Ackno\v1¢dges ~ml V{l!rran(s that its 

~~#~utioij qf(!1l$ $.dtletllent.Agreemen.t is:free.amt vo lontary. · 

4.4 t~o Adm:issiori~ .n is a~~~ed ·tfiat ri~' fat:~.' M!'¢t9 ~chni{~. V~olli1Y ~r 

~v:rptigdping :of il6)r J:lUti.!rc; il'nd that this .SettlemeJit AgreQm:ehris m<~di<'$$ ;rj.' COlllpi'OJ'nisc 

otdlsp.uted,ciaims. · 

.. . .~~5 . f::~'t.!\:1ea:M9g~ Th,~f-#tti_e~-h~fetq f~rlb~t4gr~-~,9\a,tth~ laQgua~wof~l,i Pa~ .. pfthis :SetileiT!ent.~greeme~t:Shall·in:all:casesbc construed as :u Wlio1~\ Mcoi'ding_;t(f 

its fillr tneanlngf and not'sft:ictly 'for4r Miil,nsfatiy of the .:P~rtte~~- · 

!ti~ Q<fvei_'ning 'L~.'Y·: 'JlJe:l~ar;tie!i ~grt!~;tQ.submitany <trsp~1t¢ ansiilS.otit ot'· 

this SetUemen:t-Agreemei1li·ot i'¢l;J.ted'theteto; to the G9l1ii$ 9rpie Qity ~.nd G84Iity 9fLos. 

Arjgeles, C~!i(otn'ia Pt t_heJ)nit\'!dStat~s:Oistrid C:o~J11, C~lltral Distdc~- of'dalifomia, 

C-QH!!PJlJtQ tb~j!Itisdicthm ofsaid .Coutts atid ftiithctagteethatan.y.aiid ii.llti'ii:!.W~ts of 

dispute shl\il _b~ Jtdjudi6a,t.e_d; govern_gg lli.1d ¢¢>Jitrqlled·~i14erCalif9rni4l~w. · 

4/7 Atiorqeys 1\'eel> ·~tt~ Costs .. Shot!'ld: at1)''·Jtction he <:omntenc-ed to enforce, 

interp_rc~ or·seekdan'la~cs,- iri j ur1ttive. relic:t;, Pr'sp~c ifit. J?etfotll1!ltlcl! fo~ violat\()11 o f;~hi.s 

~ctt!cU:~enJ Agte:tnt¢il\(tl~e.pl;Qw~.il~lryg.p;I~Y· stwlt: _in 11fictiti.0n to any other aval!ahle relief, 

he. entitled w·.an award-oftcasotiablc:attoi:ney's fees and.l~igationexpe!lse~ iricuti·eq in 

-the.Pi9s~\\!1iforL~r d¢fcnse .ofthe i39t_i9r1, :i.i1c_luqinz -~ny npp~al. 

#;s· . lJlQ.din:gtft:ec( .. 1tnls SettletnetttAgree,hent$ht)Jr:he bil1dlrtg up·on anti 

inure·to tliebenefitofthe Partie~,tNDYMACAffiJ)~t~~:add. lnd.YMaq, anr,i-.tlwir . 

fe~p#c:tjye Ji~j~·s. p~rSQI1af r~pr~scntati V_CS: suq;~sSots, -Qnt{ ~s$\gns, 

4.9 Rt.vicW ~nd il:nderstaitdhrg; The Pa:fties h~ye ~'lt¢fed 5r:ito this . 

Sett1¢t)le.ntAgreehJdnl vol~nta,d.ly, 1wvJng<fLJiiy r~a4 ~na f'Uily .l;lt1p~r$tood th~ tn.etil!ling 

an.d e{fcctofalliof.itste.rms-and. provisions1 :nrid.fuliy -utidctstanding.iiS:arid th<;it c~osts 

-$!iit:L£~f?i('f,A9J,tEeMHNT . P¥ge .fi.pf? 
I 

rl 

[ 

~. 

i 

,I 

I. 

' 

J\nd •. d~k$. Et\Ph Df.ih¢ :P~rti.es. h~~ P91t~~lt~tf wit}j t~ga.twun&~l cotJq;rnjtJg this $ettl~rn ~r1t 

Agree~11~11t ~@ ~)as 'fondikted suchOiilqili\:Y as they deeh1 ·ne.C:¢ssaty. ahd advisrlblc Jiiiotto 

~lltedng 1hto thi!1·$'ettl~rrientl'\grcenwnl; 'the_oj>ijrties en~er i~toJhis:$ettlqni~ot· . 

Agree•rientuil(letstaodin~· th:at facts 01' .other :dr~umStanccs m~y exist which are _pr:ese.nOy 

pnlglown orun:di!i¢lp;;ed; orWlli¢11 at~ qiff~rentJrom or btJi~~ thar} those \vhid~ tl1cy 

belfeve ·to be the ca~¢,,~md the .Patties voh.intarl.ly assume.~Jl ti~ksl!~t:J14~ndo $llch 

~nM~)\V!i; ~ng.i~olospf.i~·~iJf¢~nt;•qrad9~tio!1a~ 'fitts or9ther9!fc.·~fl1stMce~: 

4'.itf APptti:\'!iJ~ .A'Ufln>rJ~·~.1,1;po:~~lta,~liigJ!m~t.tt __ The 'P;tt'tie$:r9j)re~ei,tllild 

\\'rttratttto one another -thatthe approval ofthis·SeltlQmerit:Agreeme:ht has beeit 

~n!:l~rtak~n it{:!! pi!ipe<r :a,pdla\vl~,~t Jl:iann.eraqq,tllat-~bey hf:ivetJ1~ -rMui~H.c; pq\\'~i; ~iJd • 

authotlty to ·eiit6r 'into· and to pci'lorrn -thliir.6bligatlotts uilderthls Sctt lc'rncnt .Agl>eenteoL 

Itx.9ept i+s t:XP~~~~ly ~ tpt~d in thi$ S~tt lefue.ntA.gr()eJtient, ¢ach:P~rty rcpr~$·¢n.ts *11p: 

wartahts ll1at they ha\1e:rtot sold, assigned, granted or transfen'ed io a1~y otht:r ,p~rs.on, 

.corpomte•or.t-;~aluinl, or to any erttity~ the Sul:ij¢d Claim~ rekasedb)'-this'.Sett!Gment 

Agr~emeJlt; 

. 4.1J. Dra(tlrig •.. ·The tettns of·this Sett1~rhent Agreeni:enrare cortthtctu·afand are 

the r¢suitpf:-nqgoti~tlon among th~< P.~u'l;ie$; E~tch·P~ttylhi~ ~qqperated itj ~b<; f]t~ft\l,ig at.id, 

ptcpara@il of-tliis.SettleineJit.Agteen'lent. Helice, :Jn• any consn-~Jc.tkm to::oc. made Q.fthls. 

Sett1~m¢rit J\gre.~menf, (he·reileilUhiParty in 4~4~ing and 'p_!;cp~iatioii df tlj* S~ttl~\11eof 

Agreementsh~ifnotbe, referred iolri order to construe the Sittlement Agte'eni~Iit ,!lgalnst 

t11M PartY ;'ai1d t,lie ·'canon of co.n.tra~tti~I.lnt¢rpl'eii!tion shaJ Lnot:be upp1 ieci; 

.4.1~· . l'fp.rp bcr, Wh¢:o:cv er~Pij(iblib,l~, Jh~ sivgtJI<~r: ~hall i!l~1i.J_d:y. t'P¢ plur~1, nne! 

the plural ~ball incltfde the sh1~~ tar;, ·· · · · 

4;13 ·couJ1tc.-part$(.1.<h:e.¢tJl'P:n• .. fhi.s :SeitJe1Tt¢fltAgrecment ·n1ay be.eX:cputed. 

·bt9Ilc,o:t th'{)te.counte1parts~ all ofAvhich shall fprttt a singl~ agre¢rtit::!.it• A'I~atty'~ 

$;gtJ.a~t1fel,)i)1.t\,l~Ji~ut~ti;ent'Agre~me•H1JYf*~~~~hile, photo9o'p~· ~;~re~in~11 shail:be:valiq arid cffect[\ic fotal[ ptlrp.oses .i!.s an ·odgi[)~J' sl.gna~Jlr(!; :pmv:(cteCl, hPWt:.VCr, tnaftllC ·i:irisln~J $Jgti~.W.t~ ~h~li. pe· proiJpcbd ·upon· reqtiest. · · 

4;)4 1V~'iver. :'No .term 'or coridll;ion· ofihi.s Settlenteht A,greemenfshall be d~etn'ed to. have' bet11 ~vtl)ve<(nor ~~~ili tlt~re b-e nn ~stdpp~Yagrti!lstothc crifotcemeoicOt 

JII1Y pr:o.visi~ll) #(thJ~ $f;!tt~ni~M. Agt¢ero~nJ~ eX.¢epftiy .\\,dttcrHrisirtin1c}i.ts.:~igi)¢q .by the 

}'>_arty charged \\o'ith the wa·iver·'Ot estc>ppel. No. written waJver sha ll·be,.decnt!!;d :a 

~<m:tlruJi11g.\vii,iv¢{ul11\!.~~ S.pedfi~ru iy' stated (herein;, ali~ the: written WlliV~r shalfop~i'tite 

o~ly.ns to 'the $peoitlc t~r:rn·t~t.~9n~tiiiollWaived, and)~.qt fiu·.tht: fut~tr.e.pr as tO, ~ny 'Qther 

Mf$artth~l ~p~ifi_cally'Waived;: 

4-.I$ . B*ndJ~~g~, the:h~adings. !)fprou:agraphs:hcreirl at¢ 'iii't.¢tid¢:d •$,oJ.ely (or',~he. 

eoT:ivl'!til·ence ofreferei1ce and-shall tiOt control th:~ m.ean.ing or interpret~ don. (lfapy ofii1Y. 

ptovisiw1s;¢.{thls $ettJe'i:he~i Asre¢l~ei:lt.• 

-5E.rrvEMEN1' AGREEMENT ~ase1tif9 
.. ~. . 

4.16 MorliflcatlOillt This .sf:ttleJTient Agrecrrierit'll1ay not be amended: :6~iicel~tr,'f.~vp~t:cl. 9f (>ih~~\•i&e.m~dnii~a ~~c~pt tiywtitt~rt-agr¢em¢ot subscdbed by.·atf oftl)c Jlarties to:'he char~e·d Vtith ,SUch 'hll1difrc<l.tion,· . .. . 

4.17: : S~~s-eiJ'ti_c~tAgt~~m.elit$~. ~fhC" P{j:J:tie?~gre~ ~hat, ppon the J'eaSOJtahle 

-~equ~st qf 'lt~~:~t!~er Patty, they sh~iLt:x.ecutc, :a¢kno\vleqge,. and d~livera\'i'J '!ti4ditionl\l 

inittumeilts.Ord6cph1eHts :tl1a} 'hia):.f~~~C:lfi~.bly 'bp -r¢q~i.f@ tq ·cl:lrry p,uf~he._i!,tcJ.1tfonsQf 

t)lf$' $.vttJ~ment. l\gr~cnwJif, in~Judtng ~llOh~ tnstrUtncntS'as •n'lay -be-tequir¢d ~y the Ja\V~ of 

anyjtltisilicti6,1; t)·ow in etfecl or herejnMt¢h~i)!l~tea, !tl,1at1'!1~y ~ffect ft1.~ .ri_gh·t~ .of the . 

Pat-(i~s- as hctw~c·IJ t,h~in!>eJyes ~rPil1er$ \vith respectto thcir·ri~hts'a!id obligatiotts 

cr~ii:tp¢1. b:;dbis St<ttlctne1it'Agtee:n:ient. · ·· · · 

:4;18 $,u~re .Agt~e!i.t¢r•f•·- Xhy,;Parii~$ her.el<dt~,rther.agrep aud promise that this 

$etfleinca1t :Agt·(!enie!I t: sei:S fmlhth~ ·entire.agreenleJit heti-VeC:itarid ·atnorigthe P:.trti¢~ -_~nd 

fui:ly.supetsedes ·ant an <:I ~ll priQr negqtiatioH~,.' ~gree1llC\1l~9T!Jlld~r~~m~iiJgs made 

b~(':v¢e,il,.or, ~ri)qtxg the _:r:.a_['iie~ with refmept to thG 'S:IJbject Claims, This SettlcitH~iit 

Agteemeut-shrili I'J(ltbernodified except· in_.~ writing sj!~rt¢4 py t~~ P~He$_ qr-their 

?U.thot'~zed .. repre.~et,_t~~if.~~; 

[Agr,e,en1en( cqnfin~,te<'i .. QJll:lCXt: pM-c:)' 

}lf.ITfJ~:¥.rl.~fA(lREnMl$m- l'ng¢.'1!of-9 
IN WITNESS WHEREOF, and intending to be legally bound hereby, the Parties 

·have executed this Settlement Agreement as ofthe date set forth in. the opening paragraph 

of this Settlement Agreement. 

DATED: Decembetl9, 2009 

DATED: December_, 2009 

DATED: December_, 2009 

FEDERAL DEPOSIT INSURANCE 

CORPORATION, AS RECEIVER FOR INDYMAC' 

BANK, FSB 

By: 

Name: ---1.-R~l c.-~'vt:....:C\~V J.::;.... ~S<...:.l..._l:x,_-:!...,.!-' ~l!:___ ___ _ Title: C. c) \..1 Uv '.i e \ 

• 

DB STRUCTURED PRODUCTS, INC. 

By: 

Name: ____________________ _ 

Title: 

By: ---------------------------

Name: -----------------------

Title: -------------------------

MORTGAGEIT, INC. 

By: 

Name: __________________ _ 

Title: 

By: -----------------------

Name: ------------------

Title: --------------------------

SEITLEMENT AGREEMENT 

Page 9 of9 

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

(b)(6) 

· .. :,.:.;· .. 

. lN Wt.t:N'Ess ·wm:REO}J\·~ndihtcndlng ,to be .J~g~JJy bo:Vnd h~rcby, ,fhe ·rarties 

llitvc6 ~f'e~Hte# t11~~ Se(tJem.ent Agrtien)ent M oflhe date :s~t:f6rtli hi the opening paragra pll 

,otth1~ SetflenJ~ncA~rcemenk · ·. · 

N~~e~~~~~~~~~~~~~-----­

Title~. ~-.....,_..,_.......,......,......__,~---_.___.~ 

nr.l~ .. ~1. ~~~·· TIMOROWLEY 

. M6RTGAGElT; INC; 

(b)(6)