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Duyrowndd

01/30/19 11:17 AM

#557055 RE: ItsMyOption #557045

Two separate and unique entities

WMILT = bankruptcy assets and set asides to be returned to escrow share holders. This is where the 75%/25% is based

Safe Harbor = WMI assets transferred to Delaware trust. Return is based on Absolute Priority (NOT 75%/25%) to escrow shares

WMI Escrow shares = Method for calculating the returns of the safe harbor and bankruptcy leftovers from WMILT

IMHO