Woodbridge Liquidation Trust

Woodbridge Wind-Down Entity LLC operates as a trust and its wholly-owned subsidiary, Woodbridge Wind-Down Entity LLC (the "Wind-Down Entity"), formed under a specific plan. The Trust's primary purpose is to pursue various legal claims, resolve claims against the Debtors, pay allowed administrative and priority claims (including professional fees), receive cash from specific sources, and distribute cash to Interestholders after retaining reserves and paying expenses. The Trust has no other business purpose. Its cash sources include net proceeds from legal settlements, cash remittances from the Wind-Down Entity, "Fair Fund" recoveries from the SEC, and assets forfeited to the U.S. Department of Justice by former owners and principals of the Debtors. The Wind-Down Entity was established to develop, market, and sell real estate assets owned by its subsidiaries (the "Wind-Down Subsidiaries") to generate cash for the Trust, after covering its own expenses and retaining reserves. The Wind-Down Entity has sold all its real estate assets. Its main current activity is managing a construction defect claim against one of its subsidiaries (the "Development Entity") by the buyer of a single-family home sold for approximately $60 million. The Company, which includes the Trust, the Remaining Debtors, and the Wind-Down Group, has completed the liquidation of its real estate assets, with the exception of one real estate asset acquired through a settlement and receivables from other settlements.