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Wayne Atkinson, As the Executor of the Estate of Rita Atkinson, and v. Wal-Mart Stores

December 29, 2011

WAYNE ATKINSON, AS THE EXECUTOR OF THE ESTATE OF RITA ATKINSON, AND RICHARD ARMATROUT, AS THE EXECUTOR OF THE ESTATE OF KAREN ARMATROUT, PLAINTIFFS,
v.
WAL-MART STORES, INC., AND WAL- MART STORES, INC. CORPORATION GRANTOR TRUST, THROUGH WACHOVIA BANK OF GEORGIA, N.A., DEFENDANTS.



CLASS ACTION

(Jury Demanded)

ORDER OF FINAL APPROVAL AND FINAL JUDGMENT

On this day, the Court considered the motion for final approval of the Settlement Agreement, including the releases set forth therein, which was preliminarily approved by the Court on August 11, 2011, pursuant to the remand of jurisdiction granted by the United States Circuit Court of Appeals, Eleventh Circuit, 11th Cir.R. 12.1-1. A copy of the Settlement Agreement is attached as Exhibit Aand incorporated in this order by reference.

IT IS HEREBY ORDERED, ADJUDGED AND DECREED THAT:

1. The Court finds that the Settlement Class, as defined in this Court's order granting preliminary approval, meets all of the requirements of FED. R. CIV. P. 23 and certifies a Settlement Class for purposes of settlement consisting ofthe estates of the following persons whose lives allegedly were insured under Corporate Owned Life Insurance ("COLI") policies purchased by Wal-Mart or the Trust while they worked as Wal-Mart associates in Florida and whose deaths occurred no later than January 31, 2000 and allegedly resulted in the payment of insurance policy benefits to Wal-Mart or the Trust:

Pablo Albisa, Carolyn J. Anderson (Lewis), John C. Andreu, Karen E. Armatrout, Rita E. Atkinson, Margaret A. Attaway, Marian L. Auten, Shirley A. Ballard, Robert J. Baltrus, Tracy Barrington, Patricia A. Barron, Phyllis J. Bauman, Katherine Baumker, Barbara Beaudoin (aka Barbara J. Turner), Dorothy Beers, Doris Belisairo, Gerald F. Bell, Lois Bell, Dale R. Bewes, Michael H. Birch, Betty A. Bishop, Leslie W. Boatwright, Shirley R. Brazee, Kenneth Brechbill, Miguel Brito, Sandra Broome, Debbie S. Brown, Deborah Brown, Mary E. Brown, Kenneth J. Buchanan, Lloyd A. Budd, Patricia T. Byrd, Joanne E. Campbell, Dena F. Canady, Albert R. Caramagna, Sheryl Cason, Frank R. Cassie, Arthur F. Clawson, Wanda Clevenger, Charles L Cody, Deanie Collins (Raffield), Arthur E. Collumbell, Helen E. Conly, Carol A. Conroy, Bobbie J. Conyers, Teddy J. Cook, III, Betty Y. Cooper, Thomas R. Cooper, Mark Cornella, Sandra M. Cornwell, Diana L. Correll, Ruth J. Cramer-Joyner, David R. Crum, Medeline C. Current, Everette C. Curry, Richard W. Dahl, Barbara Daly, Thomas E. Davis, Carol L. Dean, Patricia A. Delaney, Ernest A. Diggett, Jean Edwards (aka Clara Jean Edwards), Maria M. Edwards, Marie A. Egan, Marjorie English, Sylvia J. Ferguson, Donald R. Franz, Joyce Frederick, Carol J. Frye, Gail P. Ganster, William R. Garrison, Jr., Ronald H. Gaub, Othar J. Gold, Kathleen M. Golden, Juanita R. Graef, Gordon Graff, Jr., Elizabeth P. Greto, Doris I. Gunn, Rebecca Habada, Jo Ann M. Harden, Earl Hamening, Kevin P. Harrington, Charles Hasenbeck, James A. Hawkins, Sidney J. Hawkins, Adrian J. Hay, Jr., Clifford C. Haycraft, Ann G. Heath, Greg E. Heffner, Randy Hendriques, Patricia A. Harrington, Maureen Herstein (Squillacioti), Rae A. Hertzog, Buddy R. Hill, Ernest L. Hodgkins, Erma L. Hoffman, Mary P. Hollinghead, Peggy Holt, Carl Hornsby, Curtis Horton, Willard H. Hudson, Joan P. Iorio, Virginia L. Jergens, Marshall L. Jewett, Joseph Jezorwski, Ronald J. Johnson, Sandra K. Johnson, Ytosha D. Jolly, Irene P. Jones, Roberta J. Julock, Shirley J. Karns, George Karst, Sharon A. Keel, Imogene Keener, Herbert E. Kendall, Jr., Shirley P. Kersey, Nancy J. Kirkland, Barbara A. Klejmont, Jeanne N. Knoch, Bonnie Kochheiser, Susan Kopka, Gary Koszalinski, Carole M. Kovacs, Mary A. LaPuzza, Joan Lamparski, Gene Langston, Russell A. Lanier, Barbara J. Larson, Marilyn J. Larsen, Markelda E. Ledezma, Marvis J. Lee, Sidney Lerner, Vincent I. Lincourt, Jonathan A. Littlefield, William B. Lummus, Anges H. Maphet, Twila M. Martin, Jessie L. Marzella, Margaret K. Mathieson, Doris F. Matulac, William E. Mau, Curtis R. McCoy, Maxine M. McFarland, Phyllis J. McInerney, Kathleen V. Meadows, John S. Meikle, Ronnie Messer, Nivia M. Millan, Dolores I. Modaffari, John Montana, Donald Moses, Truman Muchler, Jr., Virginia M. Mullins, Joan E. Nelms, Gordan U. Noreau, Quida Norris, Stephen G. Norton, Joan Noseworthy, Patricia Nukala, Charles L. Olin, James Olsen, Juan Oquendo, Frederick G. Orthaus, Mary L. Owens, Tamara Owens, Marlene Pangrazio Behnke (aka Marlene J. Behnke), June C. Porzig, Cheyenne M. Potter (Cron), Larry Prentky, Patricia B. Ralston, Madlyn G. Ramsey, Linda L. Reynolds, Phyllis Ribelino, Ronnie Rice, Mary L. Riley, Tommie L. Rix, Jeffrey Russell, Charles B. Sedergren, Daniel Serafine, Elvira G. Sevilla, Gerald Shea, Edward Silk, Lawrence J. Skovran, Arthur S. Smith, Dwight D. Smith, Janice Smith, Marc W. Smith, Nada J. Soblit, William I. Sonneman, III, Tina M. Sowell, Thomas Spengler, Tamara Seiner, Harold A. Stephens, Christopher C. Stewart, Sherry L. Stokes, William H. Syler, Karen J. Tack, Nanetta R. Tackett, Clementine A. Toboe, Vinnie M. Thomas, Amy Tillis, Nancy Towne, Ernando Trancoso, Jr., Marjorie E. Upschulte, Jean Varney, Mary A. Vaught, Virginia R. Villers, George F. Wachter, Peggy I. Waldrop, Sidney L. Weise, David T. Wells, Christopher A. Whisenant, Kenneth D. Williams, Durwood Williford, Margie E. Wilson, Mary L. Wilson, Thomas Wilson, Lillian P. Wirth, David E. Wolfe, Diane L. Wood, Mary

I. Wood, Martin Yarbrough, Ronald Zamor.

2. For purposes of the settlement, the Court finds that the members of the Settlement Class are so numerous that joinder of all members would be impracticable. The Court further finds that there are questions of law and fact common to the claims of the Settlement Class members.

3. For purposes of the settlement, the Court finds that the claims of Wayne Atkinson, as the Executor of the Estate of Rita Atkinson, and Richard Armatrout, as the Executor of the Estate of Karen Armatrout, (collectively, the "Class Representatives"), are typical of the claims of the members of the Settlement Class. The Court further finds that, for purposes of the settlement, the Class Representatives adequately represent the Settlement Class and approves of them as class representatives. The Court has considered the provisions of FED. R. CIV. P. 23(g) and for purposes of the settlement, finds that McClanahan Myers Espey, L.L.P. and Aballi, Milne, Kalil & Escagedo, P.A. are experienced and skilled counsel, capable of adequately representing the Settlement Class and are approved as Settlement Class Counsel. For purposes of the settlement, the Class Representatives and Settlement Class Counsel have no interest antagonistic to or in conflict with the interest of the Settlement Class members. The Court finds that, for purposes of the settlement, certification of the Settlement Class is appropriate under FED. R. CIV. P. 23. The Court further finds, for purposes of the settlement, that the questions of law or fact common to the Settlement Class predominate over questions affecting the individual members and that a class action is superior to other methods available for adjudicating the controversy and that certification is appropriate under Rule 23(b)(3).

4. In approving this settlement, the Court has considered: (1) the likelihood of success at trial; (2) the range of possible recovery; (3) the point on or below the range of possible recovery at which a settlement is fair, adequate and reasonable; (4) the complexity, expense and duration of litigation; (5) the substance and amount of opposition to the settlement; and (6) the stage of proceedings at which the settlement was achieved. The Court concludes that these factors support approval of the proposed settlement and therefore approves the settlement and finds that it is a reasonable compromise of the claims of the Settlement Class and is fair, just, reasonable and adequate to, and in the best interest of, the Settlement Class. The settlement achieves a definite and certain result for the benefit of the Settlement Class that is preferable to continuing litigation in which the Settlement Class would necessarily confront substantial risk, uncertainty, delay and cost. The Court also finds that the settlement was reached by the parties after extensive discovery and intensive arms-length negotiations. 5. The Court determines that the class action settlement notices were given as required by this Court's order dated August 11, 2011. The Court finds that the notice given of the proposed settlement, as approved by the Court's order dated August 11, 2011, was the best practical notice under the circumstances and provided all class members desiring to object to the settlement with fair and adequate notice of the terms of the proposed settlement and of the hearing to consider final approval held on October 17, 2011. The Court finds that the notice satisfied the requirements of FED. R. CIV. P. 23 and applicable law.

6. The Court grants final approval to the settlement.

7. The Settlement Agreement is binding on the parties to it and on all members of the Settlement Class excepting only those executors or administrators of estates, if any, which effectively excluded themselves from the settlement in accordance with the terms of the class notice.

8. As of the date this judgment becomes final (meaning that the time for appeal has expired with no appeal taken, all appeals are resolved and none are left pending, or this judgment is affirmed after completion of the appellate process), the Class Representatives and the Settlement Class members, excepting only those executors or administrators of estates, if any, which effectively excluded themselves from the settlement in accordance with the terms of the class notice, shall be forever barred from bringing or presenting any action or proceeding against any of the parties released by the terms of the Settlement Agreement that involve or assert any of the claims released by that Settlement Agreement. The Class Representatives and Settlement Class members, excepting only those executors or administrators of estates, if any, which effectively excluded themselves from the settlement in accordance with the terms of the class notice, shall be deemed to have released and forever discharged the Released Parties, as defined in the Settlement Agreement, from all claims released by the Settlement Agreement. All relief not expressly granted to the Settlement Class members through the Settlement Agreement is denied. The Settled Claims, as defined in the Settlement Agreement, are hereby compromised, settled, released, discharged and dismissed as against the Released Parties on the merits and with prejudice by virtue of the proceedings herein and this Order of Final Approval and Final Judgment.

9. All Complaints in this Action are hereby dismissed with prejudice and without costs as against all the Defendants.

10. The Court finds that the Class Representatives expended substantial time and effort pursuing Wal-Mart to achieve a recovery for the benefit of absent class members. The Court therefore approves an incentive compensation award of $10,000 to be paid by Wal-Mart from the Settlement Trust Payment, as defined in the Settlement Agreement, to each of the Class Representatives, for a total of $20,000, separate and apart from any funds to be paid from the Settlement Trust Proceeds as determined by the Settlement Administrator, who will be selected by the parties, and whose responsibilities are outlined below. The Incentive Compensation Award is to be paid by the Settlement Administrator from the Settlement Trust Account pursuant to the terms of the Settlement Agreement.

11. The Settlement Agreement controls the terms of this final judgment and shall survive this final judgment.

12. The Released Parties and each member of the Settlement Class are subject to the exclusive jurisdiction and venue of the United States District Court for the Middle District of Florida for any suit, action, proceeding, case, controversy, or dispute relating to the Settlement Agreement that is the subject of this final judgment. All Settlement Class members, excepting only those executors or administrators of estates, if any, which effectively excluded themselves from the settlement in accordance with the terms of the class notice, and all persons and entities in privity with them, are barred and enjoined from commencing or continuing any suit, action, proceeding, case, controversy, or dispute relating to the Settlement Agreement that is the subject of this Order of Final Approval and Final Judgment.

13. This Court shall have exclusive jurisdiction and authority to rule upon and issue a final order with respect to the subject matter of any such action, suit, or proceeding whether judicial, administrative, or otherwise, which may be instituted by any person or entity, individually or derivatively, with respect to (i) the validity or enforceability of the Settlement Agreement, (ii) the authority of any Released Party to enter into or perform the Settlement Agreement in accordance with its terms, (iii) the remedies afforded by this Order of Final Approval and Final Judgment and the Settlement Agreement, or the attorneys' fees, representatives' fees, interest, costs or expenses provided for in this Order of Final Approval and Final Judgment, (iv) any other foreseen or unforeseen case or controversy relating to or impacted by this Order of Final Approval and Final Judgment and Settlement Agreement or (v) the enforcement, construction, or interpretation of the Settlement Agreement or this Order of Final Approval and Final Judgment. This reservation of jurisdiction does not limit any other reservation of jurisdiction in this Order of Final Approval and Final Judgment nor do any other such reservations limit the reservation in this sub-section.

14. Neither this Order of Final Approval and Final Judgment nor the Settlement Agreement shall be construed or deemed evidence of or an admission or concession on the part of Wal-Mart with respect to any claim or of any fault or liability or wrongdoing or damage whatsoever, or any infirmity in the defenses that Wal-Mart has asserted.

15. The Court approves the following plan of distribution, as set forth in the Settlement Agreement. The Court intends a fair distribution to each class member filing a valid claim that is equal to 1/223rd of the amount available for distribution. The distribution will be made from the Settlement Trust Account after a reduction for attorneys' fees (as provided below) and other deductions outlined in the Settlement Agreement at the times set forth in the Settlement Agreement. Class Counsel ...


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