Ontario · CCAA

The purpose of this thirty first report of the Monitor (the “Thirty-First Report”) is to seek the approval of this Honourable Court with respect to: a) a settlement and release agreement dated November 20, 2009 entered into between the Applicants, U.S. Debtors and Nortel Networks B.V., Nortel Networks (Ireland) Limited, Nortel Networks Hispania, Nortel Networks S.A. and NNUK (collectively the “EMEA Entities”) and the Joint Administrators, acting on behalf of the EMEA Entities (the Applicants, U.S. Debtors, and EMEA Entities are collectively referred to herein as “Nortel Entities”) with Flextronics Corporation (“FC”), Flextronics Telecom Systems Ltd. (“FTS”) and certain affiliates of FC and FTS that are signatories thereto (collectively “Flextronics”) (the “Settlement and Release Agreement”) (the Nortel Entities, Flextronics and the Joint Administrators are collectively referred to herein as the “Parties”); b) a side agreement dated November 20, 2009 entered into between the Nortel Entities and the Joint Administrators (the “Side Agreement “and together with the Settlement and Release Agreement the “Settlement Documents”); and c) filing of certain portions of the Settlement Documents under seal

Court officer report · 27 November 2009