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Re: Bizreader post# 25695

Monday, 06/17/2013 2:36:25 PM

Monday, June 17, 2013 2:36:25 PM

Post# of 111819
Biz and Cotton, this is an excerpt of the Plan Trust, per the link you posted. It looks to me that we, as owners of the CTs, are NOT beneficiaries of the Plan Trust. The beneficiaries are the former owners of LBHI Stock....see below.

We will be paid as debt, IMO, based on the clear language in the Plan Trust.


1.4 Title to Plan Trust Stock and the Stock Distributions.

(a) The issuance or transfer, respectively, of the Plan Trust Stock and the Stock Distributions to the Plan Trust are made by LBHI for the benefit and on behalf of the Beneficiaries consistent with their former relative priority and economic entitlements as holders
of LBHI Stock.


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