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bond-007

12/13/17 4:17 PM

#500205 RE: BBANBOB #500203

I think WMI's trust is never going to go to WMIH but that is me looking at it from the prospective that a Irrevocable Trust can not be included in a bankruptcy, only liquidated and paid to the beneficiaries, in our case the beneficiary (wmi) has a limited life and will be no more after this is over. Now take it with a grain of salt because this may not be the case here.