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Plan Outline <br /> May 17, 1993 <br /> Page 10 <br /> These proceeds then would be distributed as follows, <br /> making the assumptions that I have discussed earlier in this <br /> memorandum: <br /> Class 1 (property taxes) : $500, 000 <br /> Class 2 (environmental claims) : 1, 750, 000 <br /> Class 3 (Patsantaras) : 30, 000 <br /> Class 4 (Caterpillar) : 37 , 686 <br /> Class 6 (priority taxes) : 360, 000 <br /> Class 7A ( $200 or less) : 965 <br /> Class 7B ($10, 000 or less) : 18,501 <br /> Class 9 (insiders) : 0 <br /> Class 10 (former shareholders) : 0 <br /> Class 11 (present shareholder) : 0 <br /> 2 , 902, 768 <br /> If the distribution of the remaining funds was split <br /> 77% to Sanwa and 23% to the general unsecureds, the funds would <br /> be distributed as follows: <br /> Class 5 (Sanwa) : 2 ,235,513 <br /> Class 8 (general unsecured) : 667 , 636 <br /> With about $30 million owed to Sanwa and about $15 million owed <br /> to the Class 8 general unsecured creditors, the distribution to <br /> Sanwa would be about 7 cents on the dollar, and the distribution <br /> to Class 8 would be about 4 cents on the dollar. <br /> I appreciate that the distributions in this case are <br /> paper thin. That is a function of the value of the assets in <br /> this estate, over which my client and I have little control. <br /> I also appreciate that in making the proposal in the <br /> Creditors ' Committee's April 8 Term Sheet, Steve Seifert referred <br /> to the Committee's desire to get a dividend of 7 .5%. Under the <br /> assumptions made herein, the distribution to general unsecureds <br />