In the event the total allowed unsecured claims against Old GM exceed $35.0 billion the U.S. Treasury has agreed that New GM would issue up to an additional 2% of New GM common equity to Old GM.
And then there is the "15% warrants" being given to bond holders in addition to the "100%" of equity already allocated. New company doesn't even exist yet and they're running "The Producers" on the capital structure, lol.
