Allocation of Liquidating Trust Interests. Within ten (10) Business
Days after creation of the Liquidating Trust, [color=red]the Disbursing Agent shall allocate, or cause to be
allocated,[/color] (i) to the Liquidating Trustee on behalf of holders of Disputed Claims, (ii) to each
holder of an Allowed Senior Notes Claim, an Allowed Senior Subordinated Notes Claim, an
Allowed General Unsecured Claim, an Allowed CCB-1 Guarantees Claim, an Allowed CCB-2
Guarantees Claim, an Allowed PIERS Claim, an Allowed Late-Filed Claim, an Allowed WMB
Senior Notes Claim, and Postpetition Interest Claims in respect of the foregoing, and (iii) to each
Accepting Non-Filing WMB Senior Note Holder, such holder’s share, if any, of Liquidating
Trust Interests, as determined pursuant to Article VI, Article VII, Article VIII, Article XVI,
Article XVIII, Article XIX, and Article XX hereof. In addition, in the event that all Allowed
Claims and Postpetition Interest Claims are paid in full, the Liquidating Trust Interests shall be
redistributed to holders of Subordinated Claims and, after such Allowed Claims and Postpetition
Interest Claims are paid in full, holders of Preferred Equity Interests, Dime Warrants and
Common Equity Interests as set forth in Sections 23.1, 24.1 and 25.1 of the Plan.
REORG WMI IS THE DISBURSING AGENT FOR LTIs.
