Ontario · CCAA

The purpose of this seventieth report of the Monitor (the "Seventieth Report") is to report to this Honourable Court on the following matters: a) consolidated cash position and liquidity as at June 4, 2011; b) actual receipts and disbursements from February 6, 2011 until June 4, 2011; c) cash flow forecast for the period from June 5, 2011 until December 31, 2011; d) consolidated Canadian entities' net inter-company position by region; e) status of Applicants' claims process and cross-border claims; f) status of environmental matters; g) current status of the Group Supplier Protocol Agreement ("GSPA"); h) status of Health and Welfare Trust ("HWT"); i) status of Termination Fund; j) status of the Employee Hardship Application Process and fund; k) status of asset divestitures and allocation matters; l) other restructuring activities; m) status of foreign proceedings; and n) the Applicants' request for an order that: i the Employee Hardship Application Process be extended up to December 14, 2011; ii. the Eligibility Requirements and the Procedure with respect to Employee Hardship Payments Applications be amended consistent with (i) above; iii. approves the Bondholder Letter Agreement (as defined in this Report) with respect to fees and expenses of the advisors to Bondholder Group; and iv. the stay of proceedings be extended up to and including December 14, 2011

Court officer report · 24 June 2011