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Re: None

Monday, 01/15/2018 10:59:04 AM

Monday, January 15, 2018 10:59:04 AM

Post# of 110745
Similarly, in September 2016, the Plan Administrator caused LBHI to contribute an approximately $8 billion subordinated receivable from LUK as a capital contribution to LUK.
Thereafter, the Plan Administrator caused LBHI to contribute various assets to LUK. The effect
of these actions was to render LUK solvent and create value in LBHI’s common equity interests
in LUK.


Ascertaining certainty of the Debtors’
liabilities and preservation of asset value will also enable the Plan Administrator to obtain the
maximum value from LBHI’s remaining equity interests in LUK and LPTSI.

On the Effective Date, LBHI shall receive, on account of its Allowed Existing Lehman Interests,
100% of the New Class B Shares of Reorganized LUK in an aggregate amount equal to
$[345,000,000.00]6
.
On the Effective Date, LBHI shall receive, on account of its Allowed Existing Lehman Interests,
100% of the New Class B Shares of Reorganized LPTSI in an aggregate amount equal to
$[75,000,000.00]7
.


I HOPE ...

http://document.epiq11.com/document/getdocumenstbydocket/?docketId=676918&projectCode=LUK&docketNumber=44&source=DM