Ontario · CCAA

The purpose of this seventy-eighth report of the Monitor (the “Seventy-Eighth Report”) is to report to this Honourable Court on the following matters: a) consolidated cash position and liquidity as at November 26, 2011; b) actual receipts and disbursements from June 5, 2011 until November 26, 2011; c) cash flow forecast for the period from November 27, 2011 to June 30, 2012; d) consolidated Canadian entities’ net inter-company position by region; e) status of the Applicants’ claims process and cross-border claims matters; f) status of the Compensation Claims Process; g) status of same/overlapping Compensation Claims; h) status of the Health and Welfare Trust (“HWT”); i) status of the Termination Fund; j) status of the Employee Hardship Application Process and Fund; k) status of realization of remaining assets; l) status of allocation matters and mediation; m) status of environmental matters; n) status of inter-estate settlements; o) Applicants’ proposed 2012 employee retention plan (“Nortel 2012 Retention Plan”); p) other matters; q) status of foreign proceedings; and r) the Applicants’ request for an order that: i. the stay of proceedings be extended up to and including June 29, 2012; ii. the Employee Hardship Application Process be extended until June 29, 2012; iii. the Eligibility Requirements and the Procedure with respect to Employee Hardship Payments Applications be amended consistent with (ii) above; iv. the Nortel 2012 Retention Plan be approved as it relates to employees of the Applicants; and v. the Confidential Appendices (defined below) be sealed pending further Order of the Court

Court officer report · 7 December 2011