Ontario · CCAA

The purpose of this One-Hundred and Third Report of the Monitor (the "One-Hundred and Third Report") is: (a) to provide: (i) an update on the Canadian Debtors cash position and liquidity as at January 18, 2014; (ii) the actual receipts and disbursements of the Canadian Debtors for the period October 13, 2013 to January 18, 2014; and (iii) a cash flow forecast for the Canadian Debtors for the period January 19, 2014 to April 5, 2014; (b) an update in respect of the liquidation of Guangdong Nortel Telecommunications Equipment Co. Ltd. ("GDNT"); and ( c) information in respect of a change in the investment of the approximately $7.3 billion of sale proceeds (the "Sale Proceeds") from the Nortel business unit and Residual IP sales held by JP Morgan Chase Bank, N.A. (the "Escrow Agent"), as distribution escrow agent, as well as related amendments to the Distribution Escrow Agreements (as defined below) in respect of which Court approval is being sought

Court officer report · 5 February 2014