Mr. Phillip John Kardis, II, is a Partner at Kirkpatrick & Lockhart Preston Gates Ellis LLP (K&L Gates LLP). Mr. Kardis has been the Chief Legal Officer of Chimera Investment Corporation since September 2015 and also serves as its Corporate Secretary. His areas of expertise include derivatives, structured products, finance, global capital markets, asset securitization, mortgage banking, consumer credit, private equity and venture capital. Mr. Kardis has a broad range of experience in assisting clients with complex corporate, securities and financing transactions, especially transactions involving mortgage REITS and financial assets (such mortgage loans, servicing rights, auto loans and SBA Loans), including public offerings (debt and equity), private placements, private equity, asset-back secured lending, joint ventures and other investment vehicles, mergers and acquisitions, asset-backed securitizations, going private transactions, REIT conversions and debt offerings. He has represented several Wall Street investment banks, mortgage and specialty auto finance companies, REITs, broker-dealers and a variety of technology companies. Mr. Kardis also advises companies on compliance with Regulation AB and is a frequent speaker on Regulation AB matters. He has acted as a Counsel on public offerings of common and preferred stock offerings for a mortgage REIT, public residential mortgage-backed securities offering for a mortgage REIT and private placements of small-balance commercial mortgage backed securities. Mr. Kardis has represented sellers on numerous mortgage loan purchase agreements and sales of servicing rights, purchaser of mortgage servicing operations in an asset sale; the purchaser in the acquisition of several mortgage companies; and the investor in a private equity investment in an early stage real estate services company, two mortgage companies in public conversions into REIT and the IPO of a mortgage company, formation of a private equity REIT and of a mortgage REIT using an UPREIT structure, lender on revolving credit facilities backed by mortgage servicing rights totaling more than $2 billion, revolving mortgage loan repurchase facilities totaling more than $2 billion and a borrower on a four-year term commercial paper backed revolving credit facility. Prior to this, he practiced in the Washington office of a leading structured finance firm. Prior to entering private legal practice, Mr. Kardis held several positions in government and industry including Senior Advisor and Acting Director at the Trade Compliance Center of the U.S. Department of Commerce and senior positions with Rockwell International and the United State Senate, Committee on the Budget. In addition, he served as Adjunct Professor of Law at Georgetown University from 1997 to 1999. Mr. Kardis is a Member of United States Courts of Appeal for the Federal and Fourth Circuits, United States Court of International Trade and United States Supreme Court. He is admitted to practice in Bar of District of Columbia and Bar of Virginia. Mr. Kardis received a B.A. degree, Magnum Cum Laude, Special Honors in Zoology & Philosophy from George Washington University in 1985 where he was awarded the Charles E. Gauss Prize, Top Philosophy student; Phi Beta Kappa and Alpha Epsilon Delta, Sigma Chi. He also received an M.A. degree in Science, Technology and Public Policy from George Washington University in 1987, an M.A. degree in Economics from George Mason University in 1993 and a J.D. degree, cum laude, from Georgetown University Law Center in 1996 where he was given the American Jurisprudence Awards in Constitutional Law and Torts and the Corpus Juris Secundum Award in Torts.