Mr Cooper Group Inc (COOP)

[ron_66271]

“Purchase and Assumption Agreement”.

Page2;

Overview of Chapter 11 Bankruptcy of the Debtors and Liquidating Trust Agreement

On September 26, 2008 (the “Petition Date”), the Debtors filed voluntary petitions for relief under chapter 11 of title 11 of the United States Code (the “Bankruptcy Code”) in the Bankruptcy Court (Case No.08-12229 (MFW)) after the Director of the Office of Thrift Supervision appointed the Federal Deposit Insurance Corporation (the “FDIC”) as receiver for Washington Mutual Bank (“WMB”), a subsidiary of WMI, and advised WMI that the receiver was immediately taking possession of WMB’s assets. Immediately after its appointment as receiver, the FDIC sold substantially all the assets of WMB, including the stock of WMB fsb, to JPMorgan Chase Bank, National Association (“JPMC”), pursuant to that certain Purchase and Assumption Agreement, Whole Bank, dated September 25, 2008 (as amended, modified or supplemented, the “Purchase and Assumption Agreement”).

"as amended, modified or supplemented". Hence; The GSA.


All of Tranche 5 is JPM's responsibility to Pay. 510(b) is the Pay-point to WMI from the FDIC.

We await "The Final Payment" to WMI from FDIC for "WMB and it's assets".