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Replies to post #507072 on Mr Cooper Group Inc fka COOP
Item 1.01 Entry into a Material Definitive Agreement.
Amendment No. 4 to Transition Services Agreement
On January 31, 2018, WMIH Corp. (the “Company”) and WMI Liquidating Trust (the “Trust”) entered into an Amendment No. 4 (the “Amendment”) to the Transition Services Agreement entered into by and between the Company (formerly WMI Holdings Corp.) and the Trust on March 22, 2012 (as amended by Amendment No. 1 to the Transition Services Agreement, dated September 24, 2012; Amendment No. 2 to the Transition Services Agreement, dated December 11, 2014; and Amendment No. 3 to the Transition Services Agreement, dated November 18, 2016 (the “TSA”)). The Amendment updates the services provided by the Trust to the Company under the TSA and the rates charged for these services. The Amendment extends the current 3.5% annual increase in hourly rates and related overhead charged by the Trust through 2021 and increases the allocation of shared overhead expense for IT maintenance and support resulting in an increase of $1,525.26 per month to account for the increased usage of this service by the Company and the cost of services charged by third party vendors.
Chad Smith
? Work with external WMIH legal counsel on various WMIH legal issues
? Prepare for, and participate in, WMIH Board of Director and Committee Meetings
? Work with WMIH personnel and outside counsel and consultants to identify and analyze strategic opportunities
? Supervise, coordinate and assist with WMIH SEC compliance matters
? Other matters as determined in consultation with WMIH Chairman
? Interact with WMIH auditors, as necessary
02/02/18 10:24 AM
AI
