Alternative Recapitalization SUPPORT AGREEMENTAlternative Recapitalization Support Agreement • October 31st, 2016 • Mudrick Capital Management, L.P. • Paper mills • British Columbia
WHEREAS, pursuant to that certain Support Agreement, dated as of June 28, 2016 (as amended by the First Amendment to the Support Agreement, dated July 15, 2016, and the Second Amendment to the Support Agreement, dated August 15, 2016, and as further amended, restated, amended and restated, supplemented or otherwise modified from time to time, the “KGI Support Agreement”), by and among the Supporting Parties and Kejriwal Group International, an Indian corporation (“KGI”), KGI and the Supporting Parties have agreed upon certain aspects of the terms of a series of transactions involving the acquisition of equity and exchange of certain debt of CPC (collectively, the “M&A Transaction”) whereby it is contemplated that, among other things, (a) the Notes would be exchanged for interests in the New Term Loan (as defined in the KGI Support Agreement); and (b) KGI would acquire all of the outstanding common shares of CPC held by Shareholders other than the Supporting Parties and CPC’s board of d
