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clawmann

03/05/18 7:32 AM

#512138 RE: mattchew #512120

That language has no impact on the 75/25 whatsoever. In March 2012, the vast majority of WMIH shares were distributed to prior equity holders of WMI (in accordance with the 75/25). A fairly small number of shares were held back because there were disputes about who they should go to. So those shares were put in the Disputed Equity Escrow and will stay there until the related claims are resolved. If a claim is resolved in a claimant's favor, that claimant will get the number of shares he/she would have received in March 2012 (in accordance with the 75/25).

There is nothing more to it than that.
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BBANBOB

03/05/18 8:59 AM

#512148 RE: mattchew #512120

distributions, if any, of common stock issued by WMIH Corp. (formerly known as WMI
Holdings Corp. (“Reorganized WMI”)). ANY COMMON STOCK ISSUED

That one little "DOT" or period at the end of that sentence is also a BIG statement, as it totally separates it from the following and makes it a STAND ALONE statement;

"Pursuant to the Plan, such shares of Reorganized WMI
common stock were deposited in the Disputed Equity Escrow established in accordance with the
Plan and are to be maintained in the Disputed Equity Escrow until such time as Claims involving"