UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK ee ne ne on on en eX

NOT FOR PUBLICATION : TTUCK LABS SECURITIES ON ut : MEMORANDUM & ORDER 22-cv-560 (CBA) (RML) This Document Relates To: All Actions CLASS ACTION

nn ee nn oo on on on HX AMON, United States District Judge: On December 14, 2022, Lead Plaintiff Scott Harrison and Named Plaintiff Andrea Viti (“Plaintiffs”) filed an unopposed motion for entry of an order preliminarily approving settlement and establishing notice procedures. (ECF Docket Entry (“D.E.”) #36 (“Motion”).) The parties have agreed to settle this putative class action for $1,400,000 on the terms set out in their accompanying Stipulation of Settlement. (D.E. # 39 (“Stipulation”).)! On December 15, 2022, I referred the Motion to the Honorable Robert M. Levy, United States Magistrate Judge, for report and recommendation. (See Text Order dated Dec. 15, 2022.) On January 17, 2023, Magistrate Judge Levy conducted a hearing: at which counsel explained in detail the terms and conditions of the proposed class action settlement agreement, including but not limited to the appropriateness of the settlement between the parties as set forth in the settlement agreement; the proposed plan of allocation, including the proposed request for [attorneys’] fees, costs and interest; the appropriateness of preliminary certification of the proposed plaintiff class; the proposed form and method of providing class members notice of the settlement; and the proposed provisions for filing objections to the settlement agreement. (Text Entry dated Feb. 5, 2023 (“R&R”); see also Minute Entry dated Jan. 17, 2023 (“Proposed settlement agreement and related motions explained in detail on the record.”).) Based on this

| Capitalized terms not otherwise defined herein have the same meaning as specified in the Stipulation.

hearing and the parties’ unopposed submissions, on February 5, 2023, Magistrate Judge Levy issued his report and recommendation recommending that the Motion “be granted and that the class be preliminarily certified.” (R&R.) No party has objected to the R&R, and the time for doing so has passed. When deciding whether to adopt a report and recommendation, a district court “may accept, reject, or modify, in whole or in part, the findings or recommendations made by the magistrate judge.”

(b)(1)(C). To accept those portions of the report and recommendation to which no timely objection has been made, “a district court need only satisfy itself that there is no clear error on the face of the record.” Jarvis v. N. Am. Globex Fund, L.P.,

(E.D.N.Y. 2011) (quoting Wilds v. United Parcel Serv.,

(S.D.N.Y. 2003)). I have reviewed the record, and finding no clear error, I adopt the R&R in its entirety. Thus, by entry of this memorandum and order, 1) the Settlement Class is preliminarily certified; 2) the terms of the Settlement are preliminarily approved; 3) the plan of allocation is preliminarily approved; and 4) the form and method for providing notice of the Settlement is approved. The hearing date for the final approval of settlement is hereby set for October 30, 2023, at 2:00 p.m. in Courtroom 10D South, United States District Court for the Eastern District of New York, 225 Cadman Plaza E, Brooklyn, NY 11201. The Court is also filing herewith an accompanying Order Granting Plaintiffs’ Unopposed Motion for Preliminary Approval of Class Action Settlement which provides the relevant procedures and schedule that the parties shall

SO ORDERED. Curb fags Pee : AAI KIA, OTe Dated: June 16, 2023 pig Brooklyn, New York Carol Bagley Amon United States District Judge □

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UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK

In re Shattuck Labs, Inc. Securities Litigation CLASS ACTION

This Document Relates To: Case No. 1:22-cv-00560-CBA-RML All Actions CLASS ACTION

[PROPOSED] ORDER GRANTING PLAINTIFFS’ UNOPPOSED MOTION FOR PRELIMINARY APPROVAL OF CLASS ACTION SETTLEMENT

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WHEREAS Lead Plaintiff Scott Harrison and Named Plaintiff Andrea Viti (“Plaintiffs”), on behalf of themselves and the Settlement Class (as defined below) (“Lead Plaintiff’ or “Plaintiff’), and Defendants Shattuck Labs, Inc. (“Shattuck” or “the Company”), Taylor Schreiber, Andrew Neill, Josiah Hornblower, Helen M. Boudreau, Neil Gibson, George Golumbeski, Michael Lee, Tyler Brous, Victor Stone (together with Shattuck, “Shattuck Defendants’), and voluntarily dismissed underwriters Citigroup Global Markets Inc., Cowen and Company, LLC, Needham & Company, LLC, and Evercore Group, L.L.C. (collectively, the “Voluntarily Dismissed Underwriters” and with the Shattuck Defendants, “Defendants”) have entered into the Stipulation of Settlement, dated December 14, 2022 (“Stipulation”), which is subject to review under Rule 23 of the Federal Rules of Civil Procedure and which, together with the exhibits annexed thereto, sets forth the terms and conditions for the proposed settlement and dismissal with prejudice of the above-captioned consolidated action (“Action”); and the Court having read and considered the Stipulation, the exhibits thereto, and the related submissions, and finding that substantial and sufficient grounds exist for entering this Order; and the Parties having consented to the entry of this Order; NOW, THEREFORE, IT IS HEREBY ORDERED, this 16 day of ) yne . 2023, that: Capitalized terms used herein have the meanings defined in the Stipulation. 2. Pursuant to Rule 23(a) and (b)(3) of the Federal Rules of Civil Procedure and for the purposes of the Settlement only, the Action is hereby preliminarily certified as a class action on behalf of (1) all persons who purchased or otherwise acquired Shattuck common stock pursuant or traceable to Shattuck’s Initial Public Offering Registration Statement, in connection with the Company’s October 9, 2020 Initial Public Offering, on or before November 9, 2021; and (2) all

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persons who purchased or otherwise acquired the common stock of Shattuck Labs between February 17, 2021 and November 8, 2021, inclusive, and who held shares past November 8, 2021 (the “Settlement Class Period”). Excluded from the Settlement Class are: (i) Defendants; (ii) any current or former officers or directors of Shattuck Labs who served in such capacities during the Class Period; (iii) members of the immediate family of any current or former officer or director of Shattuck Labs who served in such capacities during the Class Period; (iv) any entity that any Defendant owns or controls, or owned or controlled, during the Class Period; (v) any affiliates, parents, or subsidiaries of Shattuck Labs; and (vi) the legal representatives, heirs, successors, and assigns of any such excluded persons. 3. This Court finds, preliminarily and for purposes of this Settlement only, that the prerequisites for a class action under Rules 23(a) and (b)(3) of the Federal Rules of Civil Procedure have been satisfied in that: (a) the number of Settlement Class Members is so numerous that joinder of all members of the Settlement Class is impracticable; (b) there are questions of law and fact common to the Settlement Class; (c) the claims of Plaintiffs are typical of the claims of the Settlement Class they seek to represent; (d) Plaintiffs will fairly and adequately represent the interests of the Settlement Class; (e) questions of law and fact common to the Settlement Class predominate over any questions affecting only individual members of the Settlement Class; and (f) a class action is superior to other available methods for the fair and efficient adjudication of the Action. 4, Pursuant to Rule 23 of the Federal Rules of Civil Procedure, preliminarily and for the purposes of this Settlement only, Plaintiffs are certified as the class representatives on behalf of the Settlement Class and Lead Counsel, previously selected by Plaintiffs and appointed by the Court, are hereby appointed as Lead Counsel for the Settlement Class.

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5. The Court finds that it will likely be able to approve the Settlement in that: (a) the Stipulation results from good faith, arm’s length negotiations; (b) the relief provided to the class is adequate; (c) the proposed Settlement treats class members equitably relative to each other; (d) the proponents of the settlement are experienced in similar litigation and had sufficient information to evaluate the Settlement. 6. The Court hereby preliminarily approves the Settlement, subject to further consideration at a hearing (“Final Approval Hearing”) pursuant to Federal Rule of Civil Procedure 23(e), which is hereby scheduled to be held before the Court on Octeber 30 2023 at Zp □□□ pm for the following purposes: (a) to determine finally whether the applicable prerequisites for class action treatment under Federal Rules of Civil Procedure 23(a) and (b) are satisfied; (b) to determine finally whether the Settlement is fair, reasonable, and adequate, and should be approved by the Court; (c) to determine finally whether the Order and Final Judgment as provided under the Stipulation should be entered, dismissing the Action on the merits and with prejudice, and whether the release by the Releasing Parties of the Released Claims against the Released Parties, as set forth in the Stipulation, should be ordered, along with a permanent injunction barring efforts to prosecute or attempts to prosecute any Released Claims extinguished by the release against any of the Released Parties, as also set forth in the Stipulation; (d) to determine finally whether the proposed Plan of Allocation for the distribution of the Net Settlement Fund is fair and reasonable and should be approved by the Court; (e) to consider of the Fee and Expense Application of Class Counsel for an award of attorneys’ fees and expenses and an award to the Class Representatives;

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(f) to consider Settlement Class Members’ objections to the Settlement, if any, whether submitted previously in writing or presented orally at the Final Approval Hearing by Settlement Class Members (or by counsel on their behalf) provided that they gave proper notice that they intend to appear at the Final Approval Hearing; and (g) to rule upon such other matters as the Court may deem appropriate. 7. The Court reserves the right to adjourn the Final Approval Hearing to a later date and to approve the Settlement without modification, or with such modifications as may be agreed to by the Parties, and with or without further notice of any kind. The Court may decide to hold the Settlement Hearing telephonically or by other virtual means without further notice. The Court further reserves the right to enter its Order and Final Judgment approving the Settlement and dismissing the Action, on the merits and with prejudice, regardless of whether it has approved the Plan of Allocation or awarded attorneys’ fees and expenses. 8. The Court approves the form and substance of: (a) the Long Notice; (b) the Publication Notice; (c) the Postcard Notice; and (d) the Proof of Claim and Release Form, all of which are exhibits to the Stipulation. 9. The Court finds that Class Counsel have the authority to enter into the Settlement on behalf of the Settlement Class and have the authority to act on behalf of the Settlement Class with respect to all acts or consents required by or that may be given pursuant to the Stipulation or such other acts that are reasonably necessary to consummate the Settlement. 10. For settlement purposes only, Strategic Claims Services is appointed and approved as the Claims Administrator to supervise and administer the notice procedure as well as the processing of claims.

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11. Within ten (10) Business Days after the later of (i) entry of an order granting preliminary approval of the Settlement, and (ii) Shattuck’s Counsel’s receipt of a W-9, complete wire and transfer instructions for the Escrow Account, and contact name and telephone number of the Escrow Agent to confirm payment, Shattuck shall be solely responsible for causing, and shall cause, $1,400,000 (One Million Four Hundred Thousand Dollars) to be wired to the Escrow Agent to be deposited into the Settlement Fund. 12. No later than seven (7) Business Days after entry of this Order, Shattuck shall obtain from its transfer agent, at Shattuck’s sole expense, a list of certificate or record holders who may have purchased Shattuck common stock during the Settlement Class Period, and shall provide, and/or cause its transfer agent to provide, to Class Counsel a list of the record owners of Shattuck common stock during the Class Period in a usable electronic format, such as an Excel spreadsheet. This information will be kept confidential and not used for any purpose other than to provide the notice contemplated by this Order. 13. Class Counsel, through the Claims Administrator, shall make all reasonable efforts to give notice to nominees or custodians who held Shattuck common stock during the Class Period as record owners but not as beneficial owners. Such nominees or custodians shall, within ten (10) calendar days of receipt of the Notice and Proof of Claim and Release Form, either: (i) provide the Claims Administrator with lists of the names, last known addresses and email addresses (to the extent known) of such beneficial owners; (ii) request an electronic copy of the Publication Notice or a link to the Notice and Proof of Claim and Release Form and email the Publication Notice or link to the Notice and Proof of Claim and Release Form in electronic format to each such beneficial owner; or (iii) request copies of the Postcard Notice sufficient to send the Postcard Notice to all beneficial owners for whom they are nominee or custodian, and within ten (10) calendar days after

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receipt thereof send copies to such beneficial owners. As agent for beneficial owners, any nominee

or custodian who fails timely to comply with this Order must provide the Claims Administrator with an excuse for its neglect, in writing. Failure timely to comply and to provide an excuse for its failure to comply with this Order may cause the Court to deny any request to extend deadlines for exclusion, objection, or filing claims for a nominee’s or custodian’s beneficial owners. In turn, the nominee’s or custodian’s failure to timely or otherwise comply may disable its beneficial owners from excluding themselves from the Settlement Class, objecting to the Settlement, and recovering from the Settlement Fund. Nominees or custodians who elect to email notice or send the Postcard Notice to their beneficial owners shall send a written certification to the Claims Administrator confirming that the emailing and/or mailing has been made as directed. Additional copies of the Postcard Notice shall be made available to any nominee or custodian requesting same for the

purpose of distribution to beneficial owners. The Claims Administrator shall, if requested, reimburse nominees or custodians out of the Settlement Fund solely for their reasonable out-of- pocket expenses, which expenses would not have been incurred except for the sending of such notice, and subject to further order of this Court with respect to any dispute concerning such reimbursement, up to a maximum of $0.05 plus postage at the pre-sort postage rate used by the Claim Administrator per Postcard Notice actually mailed; $0.05 per Publication or Notice and Proof of Claim and Release Form link emailed; or $0.05 per name, address, and email address provided to the Claims Administrator. 14. Class Counsel shall, at least seven (7) calendar days before the Final Approval Hearing, serve upon counsel for Defendants, and file with the Court, proof of the mailing of the Postcard Notice as required by this Order.

EXHIBIT A 15. Class Counsel, through the Claims Administrator, shall cause the Stipulation and its exhibits, this Order, and a copy of the Notice and Proof of Claim and Release Form to be posted on the Claims Administrator’s website within twelve (12) Business Days after entry of this Order. 16. Class Counsel, through the Claims Administrator, shall cause the Publication Notice to be published electronically on the GlobeNewswire within twenty-five (25) Calendar Days of entry of this Order. Class Counsel shall, at least seven (7) calendar days before the Final Approval Hearing, serve upon counsel for Defendants and file with the Court proof of publication of the Publication Notice. 17. Class Counsel, through the Claims Administrator, shall cause the Postcard Notice or the Notice and Proof of Claim and Release Form, substantially in the forms annexed to the Stipulation: (i) to be mailed, where disseminating the Postcard Notice, by first class mail, postage prepaid, within twenty-five (25) Calendar Days of entry of this Order, to all Class Members who can be identified with reasonable effort by Class Counsel, through the Claims Administrator; or (ii) to be emailed, where disseminating the Long Notice, along with a link to the Claims Administrator’s website, within twenty-five (25) Calendar Days of the entry of this Order, to all Class Members for whom email addresses may be obtained with reasonable effort, through the Claims Administrator. 18. The forms and methods set forth herein of notifying the Settlement Class Members of the Settlement and its terms and conditions meet the requirements of due process, Rule 23 of the Federal Rules of Civil Procedure, and Section 21D(a)(7) of the Exchange Act, 15 U.S.C. 78u- 4(a)(7), as amended by the Private Securities Litigation Reform Act of 1995; constitute the best notice practicable under the circumstances; and constitute due and sufficient notice to all persons and entities entitled thereto.

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19. No Settlement Class Member will be relieved from the terms and conditions of the Settlement, including the releases provided for therein, based upon the contention or proof that such Settlement Class Member failed to receive actual or adequate notice. 20. In order to be entitled to participate in recovery from the Net Settlement Fund after the Effective Date, each Settlement Class Member shall take the following action and be subject to the following conditions: 21. A properly completed and executed Proof of Claim and Release Form must be submitted to the Claims Administrator: (a) electronically through the Claims Administrator’s website, www.strategicclaims.net by 11:59 p.m. EST on Sept 0 2023; or (b) at the Post Office Box indicated in the Notice, postmarked no later than Sept. a ) , 2023 (thirty (30) Calendar Days prior to the Final Approval Hearing). Such deadline may be further extended by Order of the Court. Each mailed Proof of Claim and Release Form shall be deemed to have been submitted when legibly postmarked (if properly addressed and mailed by first class mail) provided such Proof of Claim and Release Form is actually received before the filing of a motion for an Order of the Court approving distribution of the Net Settlement Fund. Any Proof of Claim and Release Form submitted in any other manner shall be deemed to have been submitted when it was actually received by the Claims Administrator at the address designated in the Notice. (a) The Proof of Claim and Release Form submitted by each Settlement Class Member must satisfy the following conditions: (i) it must be properly completed, signed, and submitted in a timely manner in accordance with the provisions of the preceding subparagraph; (ii) it must be accompanied by adequate supporting documentation for the transactions reported therein, in the form of broker confirmation slips, broker account statements, an authorized statement from the broker containing the transactional information found in a broker confirmation

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slip, or such other documentation as is deemed adequate by the Claims Administrator or Class Counsel; (iii) if the person executing the Proof of Claim and Release Form is acting in a representative capacity, a certification of his current authority to act on behalf of the Settlement Class Member must be provided with the Proof of Claim and Release Form; and (iv) the Proof of Claim and Release Form must be complete and contain no material deletions or modifications of any of the printed matter contained therein and must be signed under penalty of perjury. (b) Once the Claims Administrator has considered a timely submitted Proof of Claim and Release Form, it shall determine whether such claim is valid, deficient, or rejected. For each claim determined to be either deficient or rejected, the Claims Administrator shall send a deficiency letter or rejection letter as appropriate, describing the basis on which the claim was so determined. Persons who timely submit a Proof of Claim and Release Form that is deficient or otherwise rejected shall be afforded a reasonable time (at least ten (10) Calendar Days) to cure such deficiency if it shall appear that such deficiency may be cured. If any Claimant whose claim has been rejected in whole or in part wishes to contest such rejection, the Claimant must, within ten (10) Calendar Days after the date of mailing of the notice, serve upon the Claims Administrator a notice and statement of reasons indicating the Claimant’s ground for contesting the rejection along with any supporting documentation, and requesting a review thereof by the Court. Ifan issue concerning a claim cannot be otherwise resolved, Class Counsel shall thereafter present the request for review to the Court. (c) As part of the Proof of Claim and Release Form, each Settlement Class Member shall submit to the jurisdiction of the Court with respect to the claim submitted, and shall, upon the Effective Date, release all Released Claims as provided in the Stipulation. No discovery shall be allowed on the merits of the Action or the Settlement in connection with processing of the

EXHIBIT A Proof of Claim and Release Forms, nor shall any discovery from or of Defendants be allowed on any topic. 22. All Settlement Class Members who do not submit valid and timely Proof of Claim and Release Forms will be forever barred from receiving any payments from the Net Settlement Fund, but will in all other respects be subject to and bound by the provisions of the Stipulation and the Order and Final Judgment, if entered. 23. Settlement Class Members shall be bound by all determinations and judgments in this Action whether favorable or unfavorable, unless such Persons request exclusion from the Settlement Class in a timely and proper manner, as hereinafter provided. A Settlement Class Member wishing to make such request for exclusion shall mail it, in written form, by first class mail, postage prepaid, or otherwise deliver it, so that it is received no later than Oc tober □ 2023 (twenty-one (21) Calendar Days prior to the Final Approval Hearing) (“Exclusion Deadline”), to the addresses listed in the Notice. In order to be valid, such request for exclusion: (A) must clearly indicate the name and address and phone number and e-mail contact information (if any) of the Person seeking exclusion, and state that the sender specifically “requests to be excluded from the Settlement Class in Jn re Shattuck Labs, Inc. Securities Litigation, Case No. 1:22-cv-00560-CBA-RML (E.D.N.Y.): and (B) state (i) the date, number of shares, and dollar amount of each Shattuck common stock purchase or acquisition during the Settlement Class Period, and any sale transactions; and (ii) the number of shares of Shattuck common stock held by the Person as of October 9, 2020 and November 8, 2021. In order to be valid, such request for exclusion must also be submitted with documentary proof of each purchase or acquisition and, if applicable, sale transaction of Shattuck common stock during the Settlement Class Period. Any such request for exclusion must be signed and submitted by the beneficial owner, or by the

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beneficial owner’s representative, under penalty of perjury. Any beneficial owner’s representative must also provide documentary proof of authority act on the beneficial owner’s behalf. The request for exclusion shall not be effective unless it provides the required information, is legible, and is made within the time stated above, or the exclusion is otherwise accepted by the Court. Class Counsel may contact any Person filing a request for exclusion, or their attorney if one is designated, to discuss the exclusion. 24. The Claims Administrator shall provide all requests for exclusion and supporting documentation submitted therewith (including untimely requests and revocations of requests) to Defendants’ Counsel and Class Counsel as soon as possible and no later than the Exclusion Deadline or upon the receipt thereof (if later than the Exclusion Deadline). The Settlement Class will not include any Person who delivers a valid and timely request for exclusion. 25. Any Person that submits a request for exclusion may thereafter submit to the Claims Administrator a written revocation of that request for exclusion, provided that it is received no later than five (5) calendar days before the Settlement Hearing, in which event that Person will be included in the Settlement Class. 26. All Persons who submit a valid, timely and unrevoked request for exclusion will be forever barred from receiving any payments from the Net Settlement Fund. 27. The Court will consider comments and/or objections to the Settlement, the Plan of Allocation, or the Fee and Expense Application, provided, however, that no Settlement Class Member or other Person shall be heard or entitled to contest the approval of the terms and conditions of the proposed Settlement or, if approved, the Order and Final Judgment, or any other order relating thereto, unless that Person has served copies of any objections, papers and briefs to

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each of the following counsel at least twenty-one (21) calendar days prior to the Final Approval Hearing:

CLASS COUNSEL: Jonathan Horne THE ROSEN LAW FIRM, P.A. 275 Madison Avenue, 40" Floor New York, NY 10016 COUNSEL FOR SHATTUCK DEFENDANTS: Michael Biles KING & SPALDING LLP 500 West 2"? Street, Suite 1800 Austin, TX 78701 [email protected] and that Person has (at least twenty-one (21) calendar days prior to the Final Approval Hearing) filed said objections, papers and briefs, showing due proof of service upon counsel identified above, with the Clerk of the Court, U.S. District Court, Eastern District of New York, 225 Cadman Plaza East, Brooklyn, N.Y. 11201. To be valid, any such objection must contain the Settlement Class Member’s: (1) name, address, and telephone number, (2) a list of all purchases, acquisitions, sales, and dispositions of Shattuck common stock during the Settlement Class Period in order to show membership in the Settlement Class, (3) all grounds for the objection, including any legal support known to the Settlement Class Member and/or his, her, or its counsel, (4) the name, address and telephone number of all counsel who represent the Settlement Class Member, including former or current counsel who may be entitled to compensation in connection with the objection, and (5) the number of times the Settlement Class Member and/or his, her, or its counsel has filed an objection to a class action settlement in the last five years, the nature of each such objection in each case, the jurisdiction in each case, and the name of the issuer of the security or seller of the

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product or service at issue in each case. Attendance at the Final Approval Hearing is not necessary but Persons wishing to be heard orally in opposition to the approval of the Stipulation, the Plan of Allocation, and/or the Fee and Expense Application are required to indicate in their written objection (or in a separate writing that is submitted in accordance with the deadline and after instruction pertinent to the submission of a written objection) that they intend to appear at the Final Approval Hearing and identify any witnesses they may call to testify or exhibits they intend to introduce into evidence at the Final Approval Hearing. Settlement Class Members do not need to appear at the Final Approval Hearing or take any other action to indicate their approval. 28. Any Settlement Class Member who does not object in the manner prescribed above shall be deemed to have waived all such objections and shall forever be foreclosed from making any objection to the fairness, adequacy or reasonableness of the Settlement, the Order and Final Judgment to be entered approving the Settlement, the Plan of Allocation, and/or the Fee and Expense Application, unless otherwise ordered by the Court; shall be bound by all the terms and provisions of the Stipulation and by all proceedings, orders and judgments in the Action; and shall also be foreclosed from appealing from any judgment or order entered in this Action. 29. The Court reserves the right to adjourn the Final Approval Hearing without any further notice other than entry of an Order on the Court’s docket, and to approve the Settlement without further notice to the Settlement Class. 30. All papers in support of the Settlement, the Plan of Allocation and/or the Fee and Expense Application shall be filed and served no later than thirty-five (35) calendar days before the Final Approval Hearing.

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31. Any submissions filed in response to any objections or in further support of the Settlement, the Plan of Allocation and/or the Fee and Expense Application shall be filed no later than seven (7) calendar days prior to the Settlement Hearing. 32. Defendants, their counsel, and other Released Parties shall have no responsibility for, or liability with respect to, the Plan of Allocation or the Fee and Expense Application or expenses or payments to the Class Representatives submitted by Class Counsel, and such matters will be considered separately from the fairness, reasonableness, and adequacy of the Settlement. 33. Pending final determination of whether the Settlement should be approved, all Releasing Parties shall be enjoined from commencing, prosecuting, or attempting to prosecute any Released Claims against any Released Parties in any court or tribunal or proceeding. Unless and until the Stipulation is cancelled and terminated pursuant to the Stipulation, all proceedings in the Action, other than such proceedings as may be necessary to carry out the terms and conditions of the Stipulation, are hereby stayed and suspended until further order of the Court. 34. All funds held by the Escrow Agent shall be deemed and considered to be in the custody of the Court, and shall remain subject to the jurisdiction of the Court, until such time as such funds shall be distributed or returned pursuant to the Stipulation and Plan of Allocation and/or further order(s) of the Court. 35. Neither the Stipulation, nor any of its terms or provisions, nor any of the negotiations or proceedings connected with it, shall be construed or deemed to be evidence of (1) any presumption, admission or concession on the part of any Defendant, Defendants’ Counsel, Insurer, or any of the Defendant Releasees with respect to any claim of any fact alleged by Lead Plaintiffs or any Settlement Class Member, the validity of any claim that was or could have been asserted by Lead Plaintiffs or any Settlement Class Member, or any deficiency of any defense that

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has been or could have been asserted by the Defendants in this Action or in any other litigation, or (ii) any deception, negligence, fault, liability, wrongdoing, or damage whatsoever and of any kind of any Defendant or any of the Defendant Releasees or in any way referred to for any other reason as against any Defendant or any of the Defendant Releasees, in any civil, criminal, or administrative action or proceeding. 36. If the Settlement is not consummated in accordance with the terms of the Stipulation, then the Stipulation and this Order (including any amendment(s) thereof, and except as expressly provided in the Stipulation or by order of the Court) shall be null and void, of no further force or effect, and without prejudice to any Settling Party, and may not be introduced as evidence or used in any action or proceeding by any Person against the Settling Parties or the Released Parties, and each Settling Party shall be restored to his, her or its respective litigation positions as they existed immediately prior to the execution of the Stipulation. 37. The Court reserves the right to alter the time or the date of the Final Approval Hearing without further notice to the Class Members, provided that the time or the date of the Final Approval Hearing shall not be set at a time or date earlier than the time and date set forth in § 6 above. The Court retains exclusive jurisdiction over the Action to consider all further matters arising out of, or relating to, the Stipulation, including by way of illustration and not limitation, any dispute concerning any Proof of Claim and Release Form submitted and any future requests by one or more of the Parties that the Order and Final Judgment, the releases and/or the permanent injunction set forth in the Stipulation Bs aiteced 2 : eo 7 : a ae

Dated: fu ne / b , 2023 GSlNe pes situs eee: HON. CAROL BAGLEY AMON UNITED STATES DISTRICT COURT JUDGE

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