We do not have to release by Feb 29 IMO. Read section 31.6. and rodney Mcfadden. You will give up your right to new stock but will be entitled to receive class 12 and 18 cash (if there is any) by providing releases within 1 yr of effective date. I can't guarantee this is correct but it's how I read it. Read it for yourself. If you think some other avenue will be pursued this would allow you to participate. Not saying you should.
By the way - I could be wrong. I'd like to see other input.
Certain Holders of Claims and Equity Interests Are Entitled to Wait Until After
the Effective Date to Make Non-Debtor Release Elections Pursuant to Section
31.6(c) of the Seventh Amended Plan
Pursuant to Section 31.6(c) of the Seventh Amended Plan, and notwithstanding anything
to the contrary set forth therein, all holders of Claims who fail to execute the Non-Debtor Release
Election (other than (a) holders that affirmatively elect to opt out of granting such releases, (b) holders in
unimpaired Classes that are not subject to such releases, and (c) holders of Claims in Class 17A and Non-
Filing WMB Senior Note Holders), can make such election at a later date, as long as it is in accordance
with the procedures set forth in Section 31.6(c) of the Seventh Amended Plan and the timeframe set forth
therein (i.e., on or prior to the one (1) year anniversary of the Effective Date). By failing to submit any
Non-Debtor Release Election on or prior to the Voting and Election Deadline, any such holder will
not be eligible to receive a distribution from the Debtors on the Effective Date, and will only be
entitled to receive a distribution from the Debtors if such holder grants the releases set forth in the Non-
Debtor Release Provision within the timeframe set forth in Section 31.6(c) of the Seventh Amended Plan
(i.e., on or prior to the one (1) year anniversary of the Effective Date) and is otherwise entitled, pursuant
to the Seventh Amended Plan, to receive a distribution.
AI
