California Coastal Communities (fka CALCQ)

[Enterprising Investor]

Worthless.

worthless (adj): of no use; without value

i) Class 1K – Interests In CALC

Class 1K consists of all Interests in CALC. On the Effective Date, existing Interests in CALC shall be canceled and Holders of Interests in CALC shall not receive any distribution under the Plan. Class 1K is impaired. Because Class 1K is impaired and Holders of Class 1K Claims do not receive consideration under the Plan, the Holders of Claims in Class 1K are deemed to reject the Plan.