1.89 Disbursing Agent: With respect to (a) the initial distribution of (i) Cash
pursuant to Article III of the Plan to holders of Allowed Administrative Expense Claims and, to
the extent applicable, Allowed Priority Tax Claims as of the Effective Date, (ii) Cash to holders
of Allowed Priority Non-Tax Claims as of the Effective Date, (iii) Cash to holders of Allowed
Convenience Claims, Allowed WMI Claims, Allowed Trustee Claims, and the fees and expenses
owed to certain Creditors’ professionals pursuant to Section 41.18 hereof, in each case as of the
Effective Date, (iv) Creditor Cash pursuant to Section 31.1 hereof, and (v) Runoff Notes,
Liquidating Trust Interests and Reorganized Common Stock to or for the benefit of holders of
Allowed Claims and Equity Interests, as applicable, the Reorganized Debtors or the Reorganized
Debtors’ designee and (b) with respect to all other distributions, the Liquidating Trustee or any
Entity in its capacity as a disbursing agent. The Disbursing Agent also shall, at the election of
JPMC, make the distribution to each Releasing REIT Trust Holder set forth in Article XXIII of
the Plan from Cash or stock transferred by JPMC to the Disbursing Agent for that purpose. In
their role as Disbursing Agent, the Reorganized Debtors shall hold Cash, Creditor Cash, Runoff
Notes, Reorganized Common Stock and Liquidating Trust Interests as agent only, and shall not
have any ownership interest in such cash, stock or interests. [/color]
