BACKSTOP COMMITMENT AGREEMENTBackstop Commitment Agreement • March 20th, 2009 • AbitibiBowater Inc. • Paper mills • Ontario
This Backstop Commitment Agreement (this "Agreement"), dated as of ●, 2009 is entered into by and among AbitibiBowater Inc., a corporation under the laws of Delaware ("ABH"); Abitibi-Consolidated Inc., a corporation under the laws of Canada ("ACI"); Abitibi-Consolidated Company of Canada, a company under the laws of Quebec ("ACCC" and, together with ABH and ACI, the "Companies") and the other signatory hereto (the "Backstop Party", whether individually or collectively as a group of affiliated entities, as applicable). WHEREAS, the Companies and an informal committee of holders of one or more Notes (the "Noteholders") have reached agreement regarding the principal aspects of a recapitalization of the Companies and certain of their affiliates (the "Recapitalization"), as more fully described in the term sheet attached hereto as Schedule A (the "Term Sheet"), which Recapitalization and Term Sheet are intended to form the basis of a plan of arrangement (the "Plan") under the Canada Busi
