Replies to post #93562 on Lehman Brothers Financial SA (LEHNQ)

[SwissCheeseAccount]

15.2 Issuance of New Securities. In the discretion of the Plan Administrator, each
Debtor or Debtor Controlled-Entity (a) may form and transfer certain assets of the Debtors
and/or Debtor Controlled Entities to new (or utilize existing) entities, including, without
limitation, one or more separately managed partnerships, REITs or other investment vehicles, to
hold certain real estate or other assets of the Debtors and/or Debtor-Controlled Entities and, (b)
may, in connection therewith, issue New Securities for Distribution under the Plan. In the event
that the Plan Administrator determines to issue New Securities, each holder of Allowed Claims
or Equity Interests against a Debtor that contributed assets to the entity issuing New Securities
shall receive the relevant New Securities as Distributions in accordance with the Plan. The New
Securities shall be valued as of the date of the issuance and the holders of Allowed Claims or
Equity Interests receiving such New Securities shall be deemed satisfied to the extent of the
value of the New Securities.

15.3 Exemption from Securities Laws. To the maximum extent provided by section
1145 of the Bankruptcy Code and applicable non-bankruptcy law, the issuance of any New
Securities or Liquidating Trust Interests will be exempt from registration under the Securities
Act of 1933, as amended, and all rules and regulations promulgated thereunder and any other
applicable non-bankruptcy law or regulation.

Things are definitely moving forward. I’m hoping for a new company

OT: doing good right now, looking to launch another home based business within a week or so. Mama cheese says the product is a showstopper so we’ll see how it does lol