SETTLEMENT AGREEMENTSettlement Agreement • February 21st, 2014 • Virginia
Contract Type FiledFebruary 21st, 2014 JurisdictionTHIS SETTLEMENT AGREEMENT (this “Agreement”) is made as of this day of February, 2014, by and among Raymond A. Yancey (the “Trustee”), in his capacity as Chapter 11 Trustee for Min Sik Kang (“Mr. Kang”) and Man Sun Kang (“Mrs. Kang”, together the “Kangs”) in the Chapter 11 case of the Kangs, case no. 10-18839-RGM (the “Kang Case”), Grand Centreville, LLC (“Grand Centreville” or "Debtor"), the debtor and debtor-in- possession, in Chapter 11 case no. 13-13590-RGM (the “Grand Centreville Case”); (the Kang Case and the Grand Centreville Case are referred to collectively as the “Bankruptcy Cases”), which Bankruptcy Cases are pending in the United States Bankruptcy Court for the Eastern District of Virginia (the “Bankruptcy Court”); Black Creek Consulting, Ltd., court-appointed Receiver for Grand Centreville (the “Receiver”); and Wells Fargo Bank, N.A. as trustee for the registered holders of JP Morgan Chase Commercial Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates,