Mr Cooper Group Inc (COOP)

[newflow]

"CLAIMS AND EQUITY INTERESTS IN THE DEBTORS RECEIVE(D) LTIs","." - ITS A CONTRACTUAL OBLIGATION OF THE GSA,PLAN,TRUST AGREEMENT,IMO.

Liquidating Trust Interests
On March 19, 2012 (the “Effective Date”), the Debtors’ Seventh Amended Joint Plan of
Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code, as modified by the
Modification of Seventh Amended Plan dated January 9, 2012, the Second Modification of Seventh
Amended Plan dated January 12, 2012, and the Third Modification of Seventh Amended Plan dated
February 16, 2012 (collectively, the “Plan”) became effective and, pursuant to the Plan, certain of the
Debtors’ assets were transferred to the WMI Liquidating Trust for the benefit of certain holders of
claims against, or equity interests in, the Debtors. Such claim and equity interest holders (the
“Liquidating Trust Beneficiaries”) are being issued beneficial interests in the WMI Liquidating Trust
(each such interest, a “Liquidating Trust Interest”) in exchange for their claims against, or equity
interests in, the Debtors. The Agreement provides that the Liquidating Trust Interests are not
transferable except by will, intestate succession or operation of law. Pursuant to the Agreement, the
Liquidating Trustee will be responsible for liquidating, converting to cash and distributing the
Liquidating Trust Assets to the Liquidating Trust Beneficiaries in accordance with the distribution
procedures and priorities set forth in the Agreement. These distribution procedures include a reserve
mechanism to allow for the resolution of claims that are disputed, in whole or in part, as of the Effective
Date and the issuance of Liquidating Trust Interests and Runoff Notes in respect thereof if and when
such claims are allowed.

Claims holders received cash around $930 mm and it was the responsibility of A&M to process the claims and settle the amounts.

Page 3/64
http://www.kccllc.net/documents/8817600/8817600120328000000000001.pdf