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Re: Civil War General post# 2374

Tuesday, 01/31/2012 11:58:40 PM

Tuesday, January 31, 2012 11:58:40 PM

Post# of 3649
$1.00 of runoff notes for 1 share of stock

from page 35 of Disclosure

To the extent any electing Creditor receives Reorganized Common Stock pursuant to a
Reorganized Common Stock Election, such Creditor’s share of the Runoff Notes to which the election
was effective (i.e., One Dollar ($1.00) of original principal amount of Runoff Notes for each share of
Reorganized Common Stock) will not be issued and Reorganized WMI will retain an economic interest in
the Litigation Proceeds (and such proceeds will not constitute a component of the Liquidating Trust
Assets) equal to fifty percent (50%) of the Litigation Proceeds such Creditor (solely in its capacity as the
holder of the Allowed Claim to which the Reorganized Common Stock Election is effective) otherwise
would have received (and the Creditor’s rights in respect of distributions from the Liquidating Trust will
be adjusted to the extent such Litigation Proceeds are received by Reorganized WMI).

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