Appendix a Plan of Reorganization
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Appendix A Plan of Reorganization UNITED STATES BANKRUPTCY COURT SOUTHERN DISTRICT OF NEW YORK ------------------------------------------------------ x : Chapter 11 In re: : : Case No. 08-10152 (JMP) Quebecor World (USA) Inc., et al., : Jointly Administered : Debtors. : Honorable James M. Peck : ------------------------------------------------------ x THIRD AMENDED JOINT PLAN OF REORGANIZATION OF QUEBECOR WORLD (USA) INC. AND CERTAIN AFFILIATED DEBTORS AND DEBTORS-IN-POSSESSION Michael J. Canning, Esq. Neil M. Goodman, Esq. Joel M. Gross, Esq. ARNOLD & PORTER LLP 399 Park Avenue New York, New York 10022-4690 (212) 715-1000 Counsel for Debtors and Debtors-in-Possession Dated: May 18, 2009 TABLE OF CONTENTS Page ARTICLE I DEFINITIONS, RULES OF INTERPRETATION, AND COMPUTATION OF TIME ................................................................................................................. 4 A. Scope of Definitions....................................................................................4 B. Definitions...................................................................................................4 C. Rules of Interpretation ...............................................................................23 D. Computation of Time.................................................................................23 E. References to Monetary Figures.................................................................24 F. Exhibits.....................................................................................................24 ARTICLE II ADMINISTRATIVE EXPENSES AND PRIORITY TAX CLAIMS ................................ 24 2.1 Administrative Claims.............................................................................. 24 2.2 503(b)(9)/Reclamation Claims. ................................................................ 25 2.3 Priority Tax Claims.................................................................................. 25 ARTICLE III CLASSIFICATION OF CLAIMS AND INTERESTS..................................................... 25 3.1 General Rules of Classification. ............................................................... 25 3.2 Classification of Claims and Interests....................................................... 26 3.3 Impaired Classes of Claims and Interests.................................................. 26 3.4 Classes of Claims that are Unimpaired. .................................................... 26 3.5 Special Provisions Regarding the Treatment of Allowed Secondary Liability Claims; Maximum Recovery...................................................... 26 ARTICLE IV TREATMENT OF CLAIMS AND INTERESTS............................................................. 27 4.1 Class 1 (Syndicate Claims/SocGen Claims).............................................. 27 4.2 Class 2 (Secured Claims).......................................................................... 28 4.3 Class 3 (General Unsecured Claims against the Operating Debtors).......... 28 4.4 Class 4 (Senior Notes Claims and General Unsecured Claims against the Nonoperating Debtors)............................................................ 28 4.5 Class 5 (Convenience Claims).................................................................. 29 4.6 Class 6 (Intercompany Claims)................................................................. 29 4.7 Class 7 (Debtor Interests). ........................................................................ 29 ARTICLE V ACCEPTANCE OR REJECTION OF THE PLAN........................................................... 29 5.1 Impaired Classes of Claims Entitled to Vote............................................. 29 5.2 Classes Deemed to Accept the Plan.......................................................... 29 5.3 Acceptance by Impaired Classes............................................................... 29 5.4 Classes Deemed to Reject the Plan........................................................... 29 5.5 Confirmation without Acceptance by All Impaired Classes. ..................... 29 ARTICLE VI MEANS FOR IMPLEMENTATION OF THE PLAN ..................................................... 30 6.1 Continued Corporate Existence. ............................................................... 30 6.2 Limited Consolidation for Voting, Confirmation and Distribution Purposes. ................................................................................................. 30 6.3 Restructuring Transactions....................................................................... 31 6.4 Corporate Governance.............................................................................. 32 i 6.5 Directors and Officers.............................................................................. 32 6.6 Sources of Cash for Plan Distributions. .................................................... 33 6.7 Establishment of Cash Reserve................................................................. 33 6.8 Post-Effective Date Financing.................................................................. 33 6.9 Issuance of New Securities....................................................................... 33 6.10 Cancellation of Senior Notes and Agreements. ......................................... 35 6.11 Litigation Trust. ....................................................................................... 35 6.12 Employee and Retiree Benefits................................................................. 37 6.13 Preservation of Causes of Action.............................................................. 38 6.14 Reservation of Rights............................................................................... 39 6.15 Syndicate Compromise; Settlement of Syndicate Adversary Proceeding............................................................................................... 39 6.16 Exclusivity Period.................................................................................... 39 6.17 SocGen Adversary Proceeding and SocGen Disputed Claims................... 39 6.18 Corporate Action...................................................................................... 40 6.19 Effectuating Documents; Further Transactions. ........................................ 41 6.20 Consummation of Divestiture Transactions. ............................................. 41 6.21 Exemption from Certain Transfer Taxes and Recording Fees.................... 41 6.22 Special Provisions Regarding Insured Claims........................................... 41 ARTICLE VII TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES ................................................................................................................ 42 7.1 Executory Contracts and Unexpired Leases to Be Assumed...................... 42 7.2 Approval of Assumptions and Assignments; Assignments Related to Restructuring Transactions................................................................... 43 7.3 Payments Related to the Assumption of Executory Contracts or Unexpired Leases..................................................................................... 43 7.4 Contracts and Leases Entered into or Assumed after the Petition Date......................................................................................................... 44 7.5 Rejection of Executory Contracts and Unexpired Leases. ......................... 44 7.6 Bar Date for Rejection Damages. ............................................................. 44 7.7 Executory Contract and Unexpired Lease Notice Provisions..................... 45 7.8 Assumption of Utility Service Agreements............................................... 45 7.9 No Change in Control. ............................................................................. 45 7.10 Pre-existing Obligations to the Debtors under Executory Contracts and Unexpired Leases. ............................................................................. 45 7.11 Nonoccurrence of Effective Date.............................................................. 45 ARTICLE VIII PROVISIONS GOVERNING DISTRIBUTIONS......................................................... 46 8.1 Time of Distributions. .............................................................................. 46 8.2 No Interest on Disputed Claims................................................................ 46 8.3 Postpetition Interest on Claims................................................................. 46 8.4 Disbursing Agent. .................................................................................... 46 8.5 Application of Distribution Record Date. ................................................. 46 8.6 Surrender of Securities or Instruments...................................................... 46 8.7 Services of Indenture Trustees, Agents, and Servicers. ............................. 47 8.8 Claims Administration Responsibility. ..................................................... 47 8.9 Delivery of Distributions.......................................................................... 48 8.10 Procedures for Treating and Resolving Disputed and Contingent Claims. .................................................................................................... 49 ii 8.11 Fractional Securities................................................................................. 50 8.12 Allocation of Plan Distributions Between Principal and Interest. .............. 51 8.13 Tax Reporting Matters. ...........................................................................