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JohnnyWinter

03/27/10 2:25 AM

#180844 RE: JohnnyWinter #180843

Eligible claims in Tranches will be paid in order with Tranche 1 claims receiving disbursements first and
Tranche 5 claims receiving disbursements last. Tranche 1 eligible claims must be satisfied in full prior to
Tranche 2 eligible claims receiving disbursements and so forth, except with respect to the distribution of
equity in the Reorganized WMI which is not subject to absolute priority.