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-21- <br />WARNAct Claims <br />57. WARN Act Plaintiffs with Allowed WARN Act Claims will receive their <br />respective Individual WARN Act Plan Entitlements, being their pro rata portions of the <br />$100,000 in WARN Act Plan Entitlement Proceeds payable on the WARN Act Plan Entitlement <br />Date, being the earlier of the date that is eight years following the Plan Implementation Date and <br />the date on which the WARN Act Plan Entitlement is paid by Cline. All WARN Act Claims will <br />be fully, finally, irrevocably and forever compromised, released, discharged, cancelled and <br />barred on the Plan Implementation Date. <br />Equity Claims <br />58. Equity Claimants will not receive any consideration or distributions under the <br />Plan in respect of their Equity Claims. Pursuant to the Plan, Equity Claims will be fully, finally, <br />irrevocably and forever compromised, released, discharged, cancelled and barred on the Plan <br />Implementation Date. Additionally, all Equity Interests will be cancelled and extinguished on <br />the Plan Implementation Date, provided that: <br />(a) the New Elk Shares will not be cancelled and will remain the property of Cline; <br />and <br />(b) the North Central Shares will not be cancelled and will remain the property of <br />New Elk. <br />Unaffected Claims <br />59. The Plan does not affect holders of Unaffected Claims, in respect of and to the <br />extent of the Unaffected Claims held, subject to the express provisions in the Plan in respect of <br />