Ontario · CCAA

The purpose of this Sixty-Third Report of the Monitor (the "Sixty-Third Report") is to provide this Honourable Cou1i with information regarding the Applicants' motion returnable May 2, 2011, seeking: • approval of an asset sale agreement dated April 4, 2011 (the "Ranger Agreement"), amongst NNC, NNL, NNUK, NN Ireland, Nortel Networks S.A. and certain of their affiliates (collectively, the "Sellers"), the Joint Administrators, the French Liquidator, Google Inc. ("Google"), and Ranger Inc., a wholly owned subsidiary of Google ("Ranger" or the "Purchaser") in respect of the sale of substantially all of Nortel's patent portfolio and certain other related assets (the ''Residual IP'') as a “stalking horse" agreement; • approval of the terms and conditions of the Break-up Fee and Expense Reimbursement; • approval of the Bidding Procedures; • approval of the Licence Rejection Procedures; • approval of the IP Transaction Side Agreement; • a sealing order in respect of the confidential appendices; and to provide the Monitor's support in respect thereof

Court officer report · 14 April 2011