Common Contracts

SETTLEMENT AGREEMENT

Settlement Agreement • December 1st, 2010 • New York

• Contract Type
  Settlement Agreement
• Filed
  December 1st, 2010
• Jurisdiction
  New York

, 2010 (the “Closing Date”) by and among LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation (“LBHI”), LEHMAN COMMERCIAL PAPER INC., a New York corporation (“LCPI”), LEHMAN ALI INC., a Delaware corporation (“ALI”), REPE LBREM LLC, a Delaware limited liability company (“REPE LBREM”; and together with LBHI, LCPI, and ALI, collectively, the “Lehman Parties”, or individually a “Lehman Party”), HERITAGE FIELDS EL TORO, LLC, a Delaware limited liability company (the “Mortgage Borrower”), LENNAR CORPORATION, a Delaware corporation (“Lennar Guarantor”), LNR HERITAGE FIELDS, LLC, a California limited liability company (“LNR Guarantor”; and together with the Lennar Guarantor and Mortgage Borrower, the “Borrower Parties”, or individually a “Borrower Party”), EL TORO LLC, a Delaware limited liability company (“Mortgage Lender”), LBREM REIT HOLDINGS LLC, a Delaware limited liability company (“LBREM REIT”; and together with Mortgage Lender, the “PCCP Loan Parties”), PCCP, LLC, a Delaware limited l