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  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
  • Stone Street Originations, Llc v. John Hancock Life Insurance Company Of New York, John Hancock Assignment Company, Christin EwingSpecial Proceedings - Other (Structured Settlement Tra) document preview
						
                                

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FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 PURCHASE CONTRACT (NEW YORK) This is a Purchase Contract (“Contract”) for the sale of structured settlement payments between Christin Ewing (You, Your), and Stone Street Originations, LLC (We, Us, Our) 1200 Morris Drive, , Chesterbrook, PA 19087. GENERAL INFORMATION A. In connection with the resolution of a personal injury claim, You or someone acting for You, signed a Settlement Agreement that entitles You to receive certain future payments (“Settlement Payments”), according to a set schedule. B. Those Settlement Payments are being paid to You from an annuity policy (“Annuity Policy”) purchased by the Person responsible for making the Settlement Payments to You (“Obligor”). C. Rather than wait for the Settlement Payments to be made to You in the future, You want to sell all or some of those Settlement Payments (“Purchased Payments”) to Us now for a lump sum. D. For additional definitions, see Section 3 of this Contract. You and We agree as follows: 1. SALE OF THE PURCHASED PAYMENTS A. Upon the signing of this Contract and subject to certain conditions including Court Approval, You sell, transfer and assign to Us the right to receive the Purchased Payments specifically identified in the Disclosure Statement. B. We will pay You the Net Purchase Price as agreed to in the Contract Documents, subject to certain conditions, including meeting Our underwriting requirements, Court Approval and satisfactory completion of the Closing Documents. We will do this in exchange for You:  selling the Purchased Payments to Us;  changing the beneficiary of the Annuity Policy to Your estate and not changing it again until We have been paid all of the Purchased Payments;  having any current beneficiaries waive their rights to the Purchased Payments; and  fulfilling Your promises under this Contract. C. If We are buying only a portion of Your payments, this will have no effect upon Your rights in the unsold portion. You will continue to receive the unsold portion unless You have already sold or encumbered that portion. However, sometimes the Issuer, the Obligor or the court may require Us to receive the entire amount of Your payment. If so, We will then forward the portion of the payment still due to You and You hereby agree to this payment servicing arrangement. PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 2. PURCHASE PRICE A. The Gross and Net Purchase Prices are shown on the Disclosure Statement and are fair and acceptable to You and Us. B. We will pay You the Net Purchase Price in the manner You designate for Us. C. Before we pay You, You agree that We will adjust for the following amounts, if applicable:  Purchased Payments Owed to Us – The Issuer may have already paid You some of the Purchased Payments before We have paid You for them. If that happens, We will deduct the amount of those Purchased Payments.  Holdbacks – Due to possible delays in the Issuer beginning to make the Purchased Payments to Us instead of You, We will hold back an amount equal to any Purchased Payments that the Issuer owes Us post Court Approval, that are due within 90 days of the Funding Date. If We subsequently receive those particular Purchased Payments directly, We will return the amount of any related holdback to You.  Payment of Debts Owed – If You owe any past due child support, bankruptcy payoffs or taxes, or have any judgments or liens against You or Your assets, We may pay those amounts and deduct them from the amount We pay You, and You hereby provide Us with specific authority to take such action. We will provide You with notice of the amounts that We are going to pay, prior to actual payment. D. If any Purchased Payments are mistakenly sent to You after We have paid You for them, You will immediately contact Us. If We then determine that any deductions or holdbacks as set forth above are not enough to reimburse Us, We will advise You of the amount You owe Us. You agree to immediately send that amount to Us by bank or certified check. 3. DEFINED WORDS Certain words used in this Contract have the specific meanings shown below. Affiliate An entity controlled by, controlling, or under common control with, another entity. Annuity Policy The policy purchased by the Obligor to ensure that the Settlement Payments are made to You as required by the Settlement Agreement. Closing Documents Any documents necessary to carry out the purchase of the Purchased Payments, other than the “Contract or Contract Documents” as defined below. Contract or Contract Documents Collectively, only this Contract and the Disclosure Statement. Contract Date PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 The date Your signature at the end of this Contract is notarized. However, if You happen to sign this Contract before the number of days stated at the end of Your Disclosure Statement for waiting has passed, You will have no obligation under Your Contract until that time has passed. Court Order A legally binding ruling issued by a judge or properly empowered administrative officer, approving the sale of the Purchased Payments to Us (“Court Approval”). Disclosure Statement The document which identifies for You, the Purchased Payments, expenses, Purchase Price and various other disclosures. Encumbrance Any claim, right, lien, policy loan, or restriction. In addition, this includes any limits on rights of ownership (such as the use, voting, transfer, receipt of income, etc.). Funding Date The date We pay You the Net Purchase Price. Issuer The insurance company that issued the Annuity Policy. Obligor The Person who is obligated to make payments to You under the Settlement Agreement. Party One of You or Us. Parties means both You and Us. Person Any natural person or legal entity. Purchased Payments Only those certain payments that We are purchasing from You under this Contract. Purchase Price: Gross Purchase Price The amount shown as the “gross amount payable to the seller (You)” on the Disclosure Statement. This is the sum We have agreed to pay You before any deductions as setforth in the Contract Documents. Net Purchase Price The amount shown as the “net amount payable to the seller (You)” on the Disclosure Statement. This is the sum We have agreed to pay You after any deductions as set forth in the Contract Documents. Settlement Agreement The agreement that You and the Obligor signed to resolve Your personal injury claim. Settlement Payments All of the payments that the Obligor has agreed to make to You in the Settlement Agreement. We, Our, or Us PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 Stone Street Originations, LLC, along with any of its successors, assigns, and designees. Some of the Contract Documents or Closing Documents may refer to Us as the purchaser. You or Your The Person named on this Contract’s first page. Some of the Contract Documents or Closing Documents may refer to You as the seller. 4. YOUR REPRESENTATIONS AND WARRANTIES You represent and warrant to Us the following: A. You understand that THIS IS A SALE AND NOT A LOAN. B. The Annuity Policy is in full force, You are the sole and undisputed recipient of the right to the Purchased Payments have the right to sell them free and clear of any Encumbrances and have not previously sold any of the Purchased Payments to any other Person. C. You understand that Court Approval is required for this purchase; and You agree to fully cooperate with Us to obtain that approval. D. You gave Us all requested information and signed all documents necessary to complete the purchase. Every statement made by You in the Contract Documents and Closing Documents is true and complete. E. No law, divorce decree or other legal obstacle:  requires You to keep the Purchased Payments for the benefit of a current or former spouse, dependent children, or other person; or  legally prevents You from contracting with Us, selling the Purchased Payments or changing the Annuity Policy’s beneficiary. F. Either:  You have never filed for bankruptcy, will not do so before the Funding Date and there are no lawsuits or efforts by any of Your creditors to put You into bankruptcy or take any of the Purchased Payments; or  If You filed for bankruptcy, the Purchased Payments were not subject to the claims of Your creditors. You will give Us a copy of any of Your bankruptcy documents that We request including evidence of a final bankruptcy payoff or case closing, if any. G. We can rely on Your representations, warranties, and promises in this Contract. These representations, warranties, and promises are for Our benefit and the benefit of any future owners of the Purchased Payments. You understand that Our reliance on any intentional misrepresentation by You may result in Our enforcing Our rights against You in court. PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 H. You had enough time to consider the sale of the Purchased Payments, understand the terms of the Contract Documents and Closing Documents, are of legal contracting age and sound mind, not under the influence of drugs or alcohol, and freely and voluntarily, enter into this Contract and agree to all of its terms. I. You were advised by Us to obtain independent legal advice and professional tax advice about the sale of the Purchased Payments and to have those advisors review the terms and legal, tax and other effects of this Contract with You prior to Your execution of this Contract. You have also explored all appropriate financial options before entering into this transaction. J. We did not provide tax, financial, or legal advice to You about this Contract and have advised You that We may not refer You to any specific attorney for such purpose. K. If You are married, Your spouse understands all of the terms and conditions of this Contract including, but not limited to the fact that, after the Funding Date, You (and Your spouse) will not receive the same amount of money on the same payment schedule as You would have received under the Annuity Policy. Your spouse has been provided with all information relating to the transaction and has had every opportunity to review the terms of the transaction and to seek any advice relating thereto. Your Spouse also understands that he or she will be giving up any property or contract rights that he or she may have in the Purchased Payments. L. We may sell, transfer, or assign Our right to the Purchased Payments in a sale, securitization, or other financing transaction (resale). Any resale would involve disclosing certain information about You (including Your personal information) to the parties to a resale. M. Any future owner of the right to the Purchased Payments will have all of the same rights We have, including the right to the duties You owe Us under this Contract. This includes the right to make a claim against You for violating any of the representations, warranties, or promises You made in this Contract. 5. YOUR PROMISES TO US Before and after the Funding Date: A. You will tell us right away if Your address or telephone number changes and do everything necessary, including completing and signing all documents to:  sell the right to the Purchased Payments to Us;  change the beneficiary as required by this Contract;  correct any documentation errors in the Contract Documents or Closing Documents. B. You will also tell Us if any of the following occurs:  a violation of this Contract; or  anything that could negatively affect the Annuity Policy, the Purchased Payments, or this Contract. C. You will not:  agree to sell the Purchased Payments to any Person other than Us; PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480  change the Annuity Policy’s beneficiary to any Person other than Your estate until We have collected all of the Purchased Payments; or  withdraw cash from, borrow against, or change the Annuity Policy. D. You will give Us information necessary to update Your representations, warranties, and promises in this Contract. You will also update any documents and information so they will be true and complete on the Funding Date. E. We are now, and will continue in the future, to rely on the representations and warranties You have given Us. We will confirm the accuracy of Your representations and warranties. You must cooperate with this confirmation and provide complete access to any information We believe necessary. F. You agree that updating representations, warranties, promises, documents and other information will not cure a breach of any representation or warranty made by You that was not true and complete. G. You agree that Our obligation to You under this Contract is strictly limited to the requirement to pay You what We owe You under the terms of this Contract, after receipt and approval of the Closing Documents, final underwriting approval and Court Approval. Under no circumstances will We be liable for any consequential damages. H. You hereby appoint Us and any of Our designees, with full power of substitution as your Attorney in Fact, to act in Your name and place for the purpose of assigning and transferring ownership of any and all right, title and interest that You have in the Purchased Payments and for Us to obtain all benefits contemplated by this transaction. You also give Us full authority to act in any way proper and necessary to exercise this Attorney in Fact appointment including, but not limited to: (1) negotiating, endorsing and executing checks, drafts and other instruments in Your name; and (2) instituting, maintaining, compromising, settling and terminating any litigation or other proceedings related to the Purchased Payments. This power of attorney is coupled with an interest and shall survive death or disability. 6. CANCELLATION BY US We may cancel this Contract before the Funding Date if: A. You breach any representation, warranty, or promise in any Contract Documents or Closing Documents. B. The petition for the Court Order is contested, opposed, or not approved. C. We are sued or threatened with a lawsuit about this Contract or the Annuity Policy. D. There is any threatened, pending, or final action, or change in law or rule challenging the legality of, or negatively affecting this transaction. E. You file for, or are forced into bankruptcy. F. You die. G. Final approval has not been given by Our underwriting department. H. The Purchase Contract is not signed by You and received back by Us by May 24, 2024. I. A major rating agency downgrades the Issuer’s credit rating. J. The Issuer is, or becomes insolvent, or under regulatory supervision. PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 7. CANCELLATION BY YOU A. YOU MAY CANCEL THIS CONTRACT WITHOUT PENALTY OR FURTHER OBLIGATION AT ANY TIME WITHIN FIVE (5) BUSINESS DAYS AFTER THE DATE YOU RECEIVE PAYMENT HEREUNDER FROM US. IN ORDER FOR THE CANCELLATION TO BE EFFECTIVE, YOU MUST SEND A NOTICE POSTMARKED AT ANY TIME WITHIN FIVE BUSINESS DAYS AFTER YOU RECEIVE PAYMENT HEREUNDER FROM US (This is the rescission period). B. YOUR NOTICE IS TO BE SENT EITHER BY CERTIFIED OR REGISTERED MAIL (RETURN RECEIPT REQUESTED) OR FEDEX OR ANOTHER MAJOR OVERNIGHT DELIVERY SERVICE. THE NOTICE MUST INCLUDE A BANK OR CERTIFIED CHECK MADE PAYABLE TO US, IN THE FULL AMOUNT RECEIVED BY YOU. YOUR NOTICE MUST BE SENT TO: Stone Street Originations, LLC Attention: Manager of Operations 1200 Morris Drive, Chesterbrook, PA 19087 8. NOTICES A. All notices about this Contract must be in writing. B. All notices must be sent either by: (1) certified or registered mail (return receipt requested); or (2) FedEx or another major overnight delivery service with a delivery tracking system and are considered given when delivered as follows: If to You: to the most recent address for You listed in Our files. If to Us: to the address listed in Section 7(A) (2) of this Contract. 9. EVENTS OF DEFAULT You will be in default if You: A. fail to comply with any terms or conditions of this Contract; or B. breach any of Your representations, warranties and promises in this Contract. If You are in default, We have the right to enforce Our rights against You in court to make You perform Your promises or to get money from You. 10. MISCELLANEOUS A. You give Us permission to conduct background checks on You, including obtaining information from the credit bureaus, in order to verify Your legal residence, contact information, and any other information We deem necessary for this transaction. We can also search records for UCC filings, bankruptcy filings, judgments, liens and child support obligations against You. B. This Contract is the entire agreement between You and Us. C. If there is more than one of Us or You, this Contract applies to all of those people together, and to each of them on their own. PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: 47E9590F-1C0C-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 D. Both Parties must agree in writing to any change to this Contract or waiver of its terms. E. If a court undoes any part of this Contract, the rest of the Contract remains valid. F. You cannot voluntarily or involuntarily sell, assign, or transfer this Contract, or any of Your rights or duties under this Contract. Any such action taken by You in violation of this section shall be void and of no effect. G. Except as otherwise required by applicable law, the law of the state of Your domicile (where You regularly reside on the Contract Date) will govern this Contract. The Parties must litigate any dispute arising under the Contract in the courts of the state of Your domicile and the Parties agree to the jurisdiction of that state’s courts. H. This Contract also holds responsible Your heirs, and executors. This Contract benefits only You and Us, and no one else. However, if properly assigned by Us, this Contract will bind and benefit Our successors and assigns. I. Failure to enforce any provision of this Contract is not a waiver of that provision. J. The Parties may sign this Contract in one or more counterparts. Each counterpart will be considered an original. All counterparts will form one Contract. A facsimile, pdf or other electronic copy of the signed Contract or any counterpart will be considered an original and treated as such in any court proceeding. K. We have investigated the proposed transfer of the Purchased Payments and, in light of information available to Us, have identified no violation of any applicable state or federal law. L. You will not receive an IRS Form 1099 from Us. M. Titles and headings in this Contract are for convenience only. Do not use them to interpret this Contract. N. Except as otherwise set forth in this Contract, You and We will pay our respective costs and expenses in carrying out this Contract. O. You give Us permission to request from our Affiliates information and documentation You have previously provided to them which we deem necessary for this transaction, including, bankruptcy filings, judgments, settling documents, annuity documents, liens, child support obligations, divorce documents. [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] PURCHASE CONTRACT FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 D cuSign Envelope ID: 47E9590F-1COC-4CEC-A032-3333CD161844 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Account ID: 2119480 StoneStreet Capital You and We, intending to be legally bound, have signed this Contract as of the Contract Date below, and agree to all of its terms and conditions. By signing below, You also acknowledge that You were advised by Us in writing, that You should obtain independent legal advice and pinfessional tax advice about the sale of the Puxhased Payments and to have those advisom review with You, the terms and legal, tax and other effects of this Contract. SELLER: DocuSipedby: 7A5DO2FF8894446... Christin Ewing 4/9/2024 Date SELLER'S SPOUSE (if applicable) Spouse Date US: Stone Stæet Originations, LLC BY: Mlchael Rodden, ce President PURCHASE CONTRACT MRM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: D3281278-C7AB-47B0-BC23-8E1803F66797 NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 NEW YORK DISCLOSURE STATEMENT We will purchase the following payments (Purchased Payments) from You: A) 1 payment of $60,000.00 on April 13, 2026 (THE REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK) STATE DISCLOSURE FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: D3281278-C7AB-47B0-BC23-8E1803F66797 NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 The aggregate amount of the Purchased Payments is $60,000.00. The discounted present value of the aggregate Purchased Payments at the federal interest rate of 5.00% is $54,312.65. The discounted present value is the calculation of the current value of the transferred structured settlement payments (Purchased Payments) under federal standards for valuing annuities. The gross amount payable to seller (You) is $44,500.00. No other expenses are incurred by You. The net amount payable to the seller (You) is $44,500.00. The net cash payment You receive in this transaction from Us was determined by applying the specified discount rate to the amount of future payments received by Us, less the total amount of commissions, fees, costs, expenses and charges payable by You. The net amount that You will receive from Us in exchange for Your future structured settlement payments represents 81.93% of the estimated current value of the payments based upon the discounted value using the applicable federal rate. BASED ON PRICE QUOTES FROM METLIFE INVESTORS INSURANCE COMPANY AND PACIFIC LIFE INSURANCE COMPANY THE CURRENT COSTS OF PURCHASING A COMPARABLE ANNUITY FOR THE AGGREGATE AMOUNT OF PAYMENTS TO BE TRANSFERRED IS $56,457.60 AND $56,790.00 RESPECTIVELY. Based on the net amount that You will receive in payment from Us and the amounts and timing of the structured settlement payments that You are selling to Us, this is the equivalent of interest payments to Us at a rate of 15.77% per year. PLEASE NOTE THAT THIS IS NOT A LOAN, BUT A SALE OF PAYMENT RIGHTS AND THE INTEREST FIGURE IS ONLY PROVIDED AS AN ILLUSTRATION OF THE ECONOMIC IMPACT OF THE SALE. Notice of Cancellation Rights: You may cancel without penalty or further obligation, not later than the fifth business day after Your receipt of payment from Us under the transfer agreement (Purchase Contract). Please be advised there are no penalties or liquidated damages payable by You in the event of any breach of the transfer agreement (Purchase Contract) by You. STATE DISCLOSURE FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: D3281278-C7AB-47B0-BC23-8E1803F66797 NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 Please be advised that You may be subject to adverse federal and state income tax consequences as a result of the proposed transaction. You should consult Your own counsel, accountant, or financial advisor regarding any federal or state income tax consequences arising from the proposed transfer. By signing below, You are confirming receipt of this Disclosure Statement at least 10 days prior to You executing the transfer agreement (Purchase Contract). SIGN HERE ___ ______________________________________________ CHRISTIN EWING STATE DISCLOSURE FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: DCE30375-D625-4CB7-B8FB-D2B81A3C6C6B NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 DELAWARE DISCLOSURE STATEMENT We will purchase the following payments (Purchased Payments) from You: A) 1 payment of $60,000.00 on April 13, 2026 (THE REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK) © 2011 Stone Street Originations, LLC STATE DISCLOSURE FORM 1 -1- FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: DCE30375-D625-4CB7-B8FB-D2B81A3C6C6B NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 The aggregate amount of the Purchased Payments is $60,000.00. The discounted present value of the aggregate Purchased Payments at the federal interest rate of 5.00% is $54,312.65. The discounted present value is the calculation of the current value of the transferred structured settlement payments (Purchased Payments) under federal standards for valuing annuities. The gross amount payable to seller (You) is $44,500.00. No other expenses are incurred by You. The net amount payable to the seller (You) is $44,500.00. Based on the net amount that You will receive in payment from Us and the amounts and timing of the structured settlement payments that You are selling to Us, this is the equivalent of interest payments to Us at a rate of 15.77% per year. PLEASE NOTE THAT THIS IS NOT A LOAN, BUT A SALE OF PAYMENT RIGHTS AND THE INTEREST FIGURE IS ONLY PROVIDED AS AN ILLUSTRATION OF THE ECONOMIC IMPACT OF THE SALE. The quotient obtained by dividing the net payment amount by the discounted present value is 81.93%. Please be advised there are no penalties or liquidated damages payable by You in the event of any breach of the transfer agreement (Purchase Contract) by You. By signing below, You are confirming receipt of this Disclosure Statement at least 10 days prior to You first incurring an obligation with respect to the transfer. SIGN HERE ___ _____________________________________________ CHRISTIN EWING © 2011 Stone Street Originations, LLC STATE DISCLOSURE FORM 1 -2- FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: DCE30375-D625-4CB7-B8FB-D2B81A3C6C6B NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 CONNECTICUT DISCLOSURE STATEMENT We will purchase the following payments (Purchased Payments) from You: A) 1 payment of $60,000.00 on April 13, 2026 (THE REMAINDER OF THE PAGE INTENTIONALLY LEFT BLANK) © 2011 Stone Street Originations, LLC -1- STATE DISCLOSURE FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 DocuSign Envelope ID: DCE30375-D625-4CB7-B8FB-D2B81A3C6C6B NYSCEF DOC. NO. 2 RECEIVEDAccount NYSCEF:ID: 2119480 04/11/2024 March 29, 2024 The aggregate amount of the Purchased Payments is $60,000.00. The discounted present value of the aggregate Purchased Payments at the federal interest rate of 5.00% is $54,312.65. The discounted present value is the calculation of the current value of the transferred structured settlement payments (Purchased Payments) under federal standards for valuing annuities. The gross amount payable to seller is $44,500.00. No other expenses are incurred by you. The net amount payable to the seller (You) is $44,500.00. Based on the net amount that You will receive in payment from Us and the amounts and timing of the structured settlement payments that You are selling to Us, this is the equivalent of interest payments to Us at a rate of 15.77% per year. PLEASE NOTE THAT THIS IS NOT A LOAN, BUT A SALE OF PAYMENT RIGHTS AND THE INTEREST FIGURE IS ONLY PROVIDED AS AN ILLUSTRATION OF THE ECONOMIC IMPACT OF THE SALE. Notice of Cancellation Rights: You may cancel without penalty or further obligation, not later than the fifth business day after Your receipt of payment from Us under the transfer agreement (Purchase Contract). Please be advised there are no penalties or liquidated damages payable by You in the event of any breach of the transfer agreement (Purchase Contract) by You. By signing below, You are confirming receipt of this Disclosure Statement at least 3 days prior to You executing the transfer agreement (Purchase Contract). SIGN HERE __ ______________________________________________ CHRISTIN EWING © 2011 Stone Street Originations, LLC -2- STATE DISCLOSURE FORM 1 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 April 01, 2024 Dear Customer, The following is the proof-of-delivery for tracking number: 775748356837 Delivery Information: Status: Delivered Delivered To: Residence by· Signature not required Signed for Delivery Location: Service type: FedEx Priority Ovemight Special Handing: Saturday Delivery; Residential Delrvery Have¾ NY Delivery date: Mar 30, 2024 10:27 Shipping Information: Tracking number 775748356837 Ship Date: Mar 29, 2024 Weight 1.0 LB/0.45 KG Recipient Shipper Haverstraw, NY, US, Chesterbrook, PA, US, Proof-of-delivery details appear bekm however, no signature is available for this FedEx Express shipment because a signature was not required. Thank you for choosing FedEx FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 April 10, 2024 John Hancock Life Insurance Company of New York 80 State Street Agent CSC (UNLESS PERSONAL SERVICE IS REQUIRED - SEE JGW FOR WHERE Albany, NY 12207 Attn: Legal Department/Structured Settlements John Hancock Assignment Company 251 Little Falls Dr Wilmington, DE 19808-1674 Attn: Legal Department/Structured Settlements RE: Notice of Sale/Assignment of Payment Rights Your Contract #: --- Payee: Christin Ewing Dear Insurer: Please be advised that Stone Street Originations, LLC and/or its successors and assigns, have entered into a transaction with the above-referenced annuitant who is seeking to transfer certain of his/her rights to the payments scheduled to be received under the above-referenced annuity policy. We are currently seeking court approval pursuant to the applicable structured settlement transfer statute. Pursuant to the statute, please note the following information about the Purchaser: Stone Street Originations, LLC 1200 Morris Drive, Chesterbrook, PA 19087 Tax ID # PLEASE NOTE: No payments under this annuity should be held until the courts have entered a final order and we have forwarded this order to you. Very truly yours, Stone Street Originations, LLC By: ________________________________ 1200 Morris Drive, • Chesterbrook, PA 19087 PhoNe: (800) 586-7786 • FAX: (866) 455-8067 FILED: ROCKLAND COUNTY CLERK 04/11/2024 09:30 AM INDEX NO. 031988/2024 NYSCEF DOC. NO. 2 RECEIVED NYSCEF: 04/11/2024 Michael Rodden, Vice President 1200 Morris Drive, • Chesterbrook, PA 19087 PhoNe: (800) 586-7786 • FAX: (866) 455-8067