Sears Holdings Corp. (fka SHLDQ)

[justthefactsmam]

and this, also from the attachment to the filing:

Section 2.2 Excluded Assets.
(l) except as otherwise expressly included as Acquired Assets, all shares of capital stock or other equity interests of any Seller or Subsidiary of the Seller or securities convertible into or exchangeable or exercisable for shares of capital stock or other equity interests of any Seller, Subsidiary of the Seller or any other Person;

What is the purpose of this and what does it mean? Does it mean that treasury stock will not be transferred to esl? Since there would have to be authorization to issue stock which is authorized but not yet issued, does this mean the currently outstanding issues stock wouldn’t be subject to any significant dilution re: treasury stock?
Is treasury stock being issued to satisfy what is anticipated under the annex b language?
Don’t know but would like to.