Tronox Inc. (TROX)

[donemyway]

I don't think we know the 'dilution' of the current stock (A or B)

The New Warrants will be subject to dilution by any shares of new Common Stock issued after the effective date, including shares issued under the Management Equity Plan, which continues to be negotiated.

On and after the Effective Date , all Equity Interest shall be cancelled and shall be of no further force and effect, whether surrendered for cancellation or otherwise.

On the Effective date, reorganized Tronox Inc will issue new Warrants pro Rata to Holders of Equity interest in Tronox Corporated. The form of agreement governing the New Warrants will be included in the Plan Supplement.

Management Equity Plan--on the effective date, reorgnized Tronox shall adopt the Management Equity Plan. The terms of the Management Equity Plan shall be reasonably acceptable to the Creditors' Committee and the Required backstop parties and shall be set forth in the 'plan supplement'.

Minimum distributions
No fractional shares of New Common Stock shall be distributed and no cash shall be distributed in lieu of such frational amounts. When any distribution pursuant to the plan on account of an Allowed Claim or Equity interest would otherwise result in the ssuance of a number of shares of New Common Stock that is not a whole number the distribution of shares of New Common Stock shall be rounded as follows (a) fractions of one-half or greater will be rounded to the next higher whole number, (b) fractions of less than one-half shall be rounded to the next lower whole number with no further payment therefor.

Manner of Payment
All distributions of New Common Stock to the holders of Claims or Equity Interest under the plan shall be made by the distributing agent on behalf of Reorganized Tronox.