C. The Subrogated Claims
9. JPMCB filed (a) claim number 66455 against LBSF (the “LBSF Claim”) asserting claims in the net unsecured amount of approximately $1.7 billion, and (b) claim number 66476 against LBCC (the “LBCC Claim”) asserting claims in the net unsecured amount of $125 million, for a total unsecured claim amount of approximately $1.825 billion. These amounts are net of JPMCB’s setoff of approximately $410 million in funds belonging to LBSF with respect to the LBSF Claim and further reductions of approximately $220 million of the LBSF Claim and the LBCC Claim based upon JPMCB’s setoff of amounts due to LBSF or LBCC from JPMCB’s affiliates, which setoffs are contested by LBSF and LBCC. JPMCB also filed claim number 66462 against LBHI (the “LBHI Claim” and, together with the LBSF Claim and the LBCC Claim, the “JPMCB Claims”), asserting that LBHI is a guarantor of the LBSF Claim and the LBCC Claim and that such guarantee obligations are secured by collateral pursuant to a Security Agreement dated September 9, 2008.