RESTRUCTURING AGREEMENT BY AND AMONG APPLIED EXTRUSION TECHNOLOGIES, INC., APPLIED EXTRUSION TECHNOLOGIES (CANADA), INC., APPLIED EXTRUSION TECHNOLOGIES LIMITED - AND - THE PARTICIPATING HOLDERSRestructuring Agreement • August 25th, 2004 • Applied Extrusion Technologies Inc /De • Unsupported plastics film & sheet • New York
RESTRUCTURING AGREEMENT (this “Agreement”), dated as of August 24, 2004, by and among Applied Extrusion Technologies, Inc., a Delaware corporation (“AET”), Applied Extrusion Technologies, Inc. (Canada), a Delaware corporation (“AET Canada” and together, with AET, the “Company”), Applied Extrusion Technologies Limited (“AET/UK”), each of the entities set forth on Schedule 1 hereto, which entities are either beneficial owners of AET’s 10-3/4% Senior Notes due 2011 (collectively, the “Notes”) or investment managers or advisers acting on behalf of certain beneficial holders (the entities set forth on Schedule 1, the “Ad Hoc Committee”) and each of the entities set forth on Schedule 2 hereto, which entities are either beneficial owners of AET’s Notes or investment managers or advisers acting on behalf of certain beneficial owners of AET’s Notes (together, with the Ad Hoc Committee, the “Participating Holders”);
