Washington Mutual WAHUQ Trust Prf (fka WAHUQ)

[Donotunderstand]

and EI will correct me where wrong

As I understand it

1. The notes were issued WMIH

2. At same time as part of the POR --- WMIH owed x to the LT

3. As the notes issued were not taken (in a choice situation) by creditors and whomever -- they were then left with WMIH which used them to pay an obligation it had to the LT

4. The LT had possession of these notes worth a lot of money and used these WMIH Issued notes to pay a part of the LTI owed to PIER holders

5. As this is a modern security - there is no paper created - it is a computer entry (Book Entry Only)security.

6. As a book only security it really wants/needs to go to a brokerage account in all cases

7. So these notes - in my case for sure - went to brokerage accounts --- even when LT cash payments (not note related) came t the house or address of record

8. The recent money is all related to these WMIH notes. The money does not reduce the LT remaining obligation to PIERS holders. Rather as noted by EI it is a combo of various money all related to those notes.

9. So - I would end by saying it was paid by WMIH and in 99% of cases or more it was to a brokerage account as it was with me

I think I got that all correct

And PIERS is still owed the amount noted in letters we should all have received at home (some at brokerage) noting how much they still owed us for the left over LTI