Mr Cooper Group Inc (COOP)

[abusethemind]

This is a summary of the proposed agreement with the pertinent information on the common shares.

3/26/2010 2623 Disclosure Statement for the Joint Plan of Affiliated Debtors Pursuant to Chapter 11 of the United States Bankruptcy Code

[url][/url][tag]http://www.kccllc.net/documents/0812229/0812229100326000000000009.pdf[/tag]


ARTICLE XXV
PROVISION FOR TREATMENT OF COMMON EQUITY INTERESTS (CLASS 21)
25.1 Cancellation of Common Equity Interests: Holders of Common Equity
Interests shall receive no distribution under the Plan. On the Effective Date, all Common Equity
Interests shall be deemed extinguished and the certificates and all other documents representing
such Equity Interests shall be deemed cancelled and of no force and effect

32.10 Fractional Stock or Other Distributions: Notwithstanding anything to
the contrary contained herein, no fractional shares of Reorganized Common Stock or Additional
Common Stock shall be distributed, and no Cash payments of fractions of cents will be made.
Fractional dollars shall be rounded down to the nearest whole dollar. Fractional shares of stock
shall be rounded down to the nearest whole unit. No Cash will be paid in lieu of such fractional
shares of stock or dollars.
ARTICLE

21. Common Equity Interests (Class 21).
Class 21 is Impaired by the Plan. Each holder of an Allowed Equity Interest is not
entitled to vote to accept or reject the Plan and shall be conclusively deemed to have rejected the Plan.
Holders of Common Equity Interests shall receive no distribution under the Plan. On the
Effective Date, all Common Equity Interests shall be deemed extinguished and the certificates and all
other documents representing such Equity Interests shall be deemed cancelled and of no force and effect.