EXHIBIT D Case 1:15-Md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 2 of 348

EXHIBIT D Case 1:15-Md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 2 of 348

Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 1 of 348 EXHIBIT D Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 2 of 348 IN THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF FLORIDA IN RE: TAKATA AIRBAG PRODUCTS Case No. 1:15-md-02599-FAM LIABILITY LITIGATION, This Document Relates to: ALL ECONOMIC LOSS ACTIONS AGAINST THE TOYOTA DEFENDANTS SETTLEMENT AGREEMENT Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 3 of 348 Table of Contents Page I. PROCEDURAL HISTORY ................................................................................................ 2 II. DEFINITIONS .................................................................................................................... 5 III. SETTLEMENT RELIEF .................................................................................................. 14 IV. NOTICE TO THE CLASS ............................................................................................... 29 V. REQUESTS FOR EXCLUSION ...................................................................................... 36 VI. OBJECTIONS TO SETTLEMENT ................................................................................. 36 VII. RELEASE AND WAIVER .............................................................................................. 38 VIII. ATTORNEYS’ FEES AND EXPENSES AND INDIVIDUAL PLAINTIFF AWARDS 43 IX. PRELIMINARY APPROVAL ORDER, FINAL ORDER, FINAL JUDGMENT AND RELATED ORDERS........................................................................................................ 44 X. MODIFICATION OR TERMINATION OF THIS AGREEMENT ................................ 47 XI. GENERAL MATTERS AND RESERVATIONS ............................................................ 50 i Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 4 of 348 TABLE OF EXHIBITS Document Exhibit Number List of Actions in the Takata MDL........................................................................................1 Direct Mailed Notice ..............................................................................................................2 National Highway Traffic Safety Administration’s (“NHTSA”) Third Amendment to the Coordinated Remedy Order, dated December 9, 2016 .........................................................3 Final Judgment .......................................................................................................................4 Final Order ............................................................................................................................5 Long Form Notice .................................................................................................................6 Preliminary Approval Order ..................................................................................................7 Publication Notice ..................................................................................................................8 List of Subject Vehicles .........................................................................................................9 National Highway Traffic Safety Administration’s (“NHTSA”) Consent Orders dated May 18, 2015 and November 3, 2015 ..........................................................................10 Settlement Notice Administrator’s Declaration .....................................................................11 Registration/Claim Form .......................................................................................................12 ii Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 5 of 348 WHEREAS, Settlement Class Counsel (all terms defined below) and other counsel who have appeared in these Actions, have conducted substantial discovery, have investigated the facts and underlying events relating to the subject matter of the claims, have carefully analyzed the applicable legal principles, and have concluded, based upon their investigation, and taking into account the risks, uncertainties, burdens and costs of further prosecution of their claims, and taking into account the substantial benefits to be received pursuant to this Agreement as set forth below, that a resolution and compromise on the terms set forth herein is fair, reasonable, adequate, and in the best interests of the Plaintiffs and the Class; WHEREAS, as a result of extensive arm’s-length negotiations, Plaintiffs, Settlement Class Counsel and Toyota have entered into this Agreement, which will resolve all economic loss claims and any and all economic loss controversies against Toyota that were or could have been alleged in the Actions; WHEREAS, Toyota, for the purpose of avoiding the burden, expense, risk, and uncertainty of continuing to litigate the claims, and for the purpose of resolving all economic loss claims and controversies that were or could have been asserted by Plaintiffs and the Class, for good and valuable consideration, and without any admission of liability or wrongdoing, desires to enter into this Agreement; WHEREAS, Settlement Class Counsel represent and warrant that they are fully authorized to enter into this Agreement on behalf of Plaintiffs and the Class, and that Settlement Class Counsel have consulted with and confirmed that all Plaintiffs support and have no objection to this Agreement; and WHEREAS, it is agreed that this Agreement shall not be deemed or construed to be an admission, concession, or evidence of any violation of any federal, state, or local statute, 1 Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 6 of 348 regulation, rule, or other law, or principle of common law or equity, or of any liability or wrongdoing whatsoever, by Toyota or any of the Released Parties, or of the truth or legal or factual validity or viability of any of the claims Plaintiffs have or could have asserted, which claims and all liability therefore are expressly denied; NOW, THEREFORE, without any admission or concession by Plaintiffs or Settlement Class Counsel of any lack of merit to their allegations and claims, and without any admission or concession by Toyota of any liability or wrongdoing or lack of merit in its defenses, in consideration of the mutual covenants and terms contained herein, and subject to the final approval of the Court, Plaintiffs, Settlement Class Counsel and Toyota agree as follows: I. PROCEDURAL HISTORY A. On October 27, 2014, Craig Dunn, Pam Koehler, Zulmarie Rivera, Tru Value Auto Malls, LLC, David M. Jorgensen, Anna Marie Brechtell Flattmann, Robert Redfearn, Jr., Tasha R. Severio, Kenneth G. Decie, Gregory McCarthy, Nicole Peaslee, Karen Switkowski, Anthony D. Dark, Lemon Auto Sales, Inc., Nathan Bordewich, Kathleen Wilkinson, Haydee Masisni, and Nancy Barnett filed a class action complaint in Craig Dunn, et al. v. Takata Corp., et al., No. 1:14-cv-24009 (S.D. Fla.) (the “Economic Loss Class Action Complaint”), alleging, among other things, that certain automotive companies manufactured, distributed, or sold certain vehicles containing allegedly defective airbag inflators manufactured by Takata that allegedly could, upon deployment, rupture and expel debris or shrapnel into the occupant compartment and/or otherwise affect the airbag’s deployment, and that the plaintiffs sustained economic losses as a result thereof. B. The Judicial Panel on Multidistrict Litigation subsequently consolidated the Craig Dunn, et al. action for pretrial proceedings with additional class and individual actions alleging 2 Case 1:15-md-02599-FAM Document 1724-4 Entered on FLSD Docket 05/18/2017 Page 7 of 348 similar or identical claims in In re Takata Airbag Products Liability Litigation, No. 1:15-md- 02599-FAM (S.D. Fla.) (MDL 2599), pending before the Honorable Judge Federico A. Moreno in the United States District Court for the Southern District of Florida. C. On March 17, 2015, the Court entered an Order Appointing Plaintiffs’ Counsel and Setting Schedule, which designated Peter Prieto of Podhurst Orseck, P.A. as Chair Lead Counsel, David Boies of Boies Schiller and Flexner, LLP, and Todd A. Smith of Power Rogers & Smith, PC, as Co-Lead Counsel in the Economic Loss track; Curtis Miner of Colson Hicks Eidson as Lead Counsel for the Personal Injury track; and Roland Tellis of Baron & Budd P.C., James Cecchi of Carella Byrne Cecchi Olstein P.C., and Elizabeth Cabraser of Lieff, Cabraser, Heimann & Bernstein, LLP as Plaintiffs’ Steering Committee members. D. Plaintiffs filed an Amended Consolidated Class Action Complaint on April 30, 2015. On June 15, 2015, Plaintiffs filed a Second Amended Consolidated Class Action Complaint (“SACCAC”), which is the operative pleading for Plaintiffs’ economic loss claims at this time. E. On July 17, 2015, defendants Toyota, Ford, Subaru and Nissan filed a Joint Motion to Stay Based on the Primary Jurisdiction of the National Highway Traffic Safety Administration. The Court denied this motion on September 22, 2015. (Dkt. 737.) F. On July 17, 2015, seven automotive companies (“Automotive Defendants”), Mazda, Ford, Toyota, Subaru, Honda, Nissan, and BMW, each filed Motions to Dismiss Plaintiffs’ SACCAC. G. The Court has ruled on almost all the Motions to Dismiss, granting them in part and denying them in part. On December 2, 2015, Judge Moreno denied in part a Motion to Dismiss of Takata Corporation, TK Holdings, Inc., and Honda, finding Plaintiffs’ pleading stated 3 Case 1:15-md-02599-FAM

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