Private Securities Claims Trust AgreementSecurities Claims Trust Agreement • May 2nd, 2014 • New York
This Private Securities Claims Liquidating Trust Agreement and Declaration of Liquidating Trust (this “PSC Trust Agreement”) is entered into as of December 17, 2013, by and among Residential Capital, LLC (“ResCap”), certain affiliates signatory hereto (together with ResCap, the “Debtors”), and Quest Turnaround Advisors, LLC, as the liquidating trustee (the “PSC Trustee”) in order to establish a liquidating trust (the “PSC Trust”) for the benefit of the holders of securities litigation claims against the Debtors and Ally Financial, Inc. and its non- Debtor affiliates, arising from the purchase or sale of residential mortgage-backed securities (the “Private Securities Claims,” and the exclusive holders thereof, as identified in footnote 10 of the Supplemental Term Sheet annexed as Exhibit B to the Plan Support Agreement, dated as of May 13, 2013 (the “Plan Support Agreement”), are hereinafter referred to as the “Private Securities Claimants”).
