Document:

UNITED STATES BANKRUPTCY COURT
SOUTHERN DISTRICT OF NEW YORK
--------------------------------------------x
                                            :
In re                                       :   Chapter 11
                                            :
Dana Corporation, et al.,                   :   Case No. 06-10354 (BRL)
                                            :
                            Debtors.        :   (Jointly Administered)
                                            :
                                            :
--------------------------------------------x   AMENDED-JOINT PLAN OF
                                                REORGANIZATION
                                                OF DEBTORS AND DEBTORS IN
                                                POSSESSION
                                                --------------------------------

                                                  JONES DAY
                                                  222 East 41st Street
                                                  New York, New York 10017
                                                  Telephone: (212) 326-3939
                                                  Facsimile: (212) 755-7306
                                                  Corinne Ball (CB 8203)
                                                  Richard H. Engman (RE 7861)

                                                         -AND-

                                                  JONES DAY
                                                  North Point
                                                  901 Lakeside Avenue
                                                  Cleveland, Ohio 44114
                                                  Telephone: (216) 586-3939
                                                  Facsimile: (216) 579-0212
                                                  Heather Lennox (HL 3046)
                                                  Carl E. Black (CB 4803)
                                                  Ryan T. Routh (RR 1994)

                                                         -AND-

                                                  JONES DAY
                                                  1420 Peachtree Street, N.E.
                                                  Suite 800
                                                  Atlanta, Georgia 30309-3053
                                                  Telephone: (404) 521-3939
                                                  Facsimile: (404) 581-8330
                                                  Jeffrey B. Ellman (JE 5638)

                                                  Attorneys for Debtors and
                                                  Debtors in Possession
_____ __, 2007
<PAGE>
                                TABLE OF CONTENTS

                                                                            Page

ARTICLE I.   DEFINED TERMS, RULES OF INTERPRETATION AND COMPUTATION
              OF TIME..........................................................1
       A.    Defined Terms.....................................................1
       B.    Rules of Interpretation and Computation of Time..................18
             1.   Rules of Interpretation.....................................18
             2.   Computation of Time.........................................18
ARTICLE II.  CLASSIFICATION AND TREATMENT OF CLAIMS AND INTERESTS; CRAMDOWN;
              EXECUTORY CONTRACTS & UNEXPIRED LEASES..........................18
       A.    Unclassified Claims..............................................18
             1.   Payment of Administrative Claims............................18
             2.   Payment of Priority Tax Claims..............................21
       B.    Classified Claims and Interests..................................21
             1.   Priority Claims Against the Consolidated Debtors
                   (Class 1A Claims)..........................................21
             2.   Priority Claims Against EFMG (Class 1B Claims)..............21
             3.   Secured Claims Against the Consolidated Debtors Other Than
                   the Port Authority Secured Claim (Class 2A Claims).........21
             4.   Secured Claims Against EFMG (Class 2B Claims)...............22
             5.   Port Authority Secured Claim (Class 2C Claim)...............22
             6.   Asbestos Personal Injury Claims (Class 3 Claims)............22
             7.   Convenience Claims Against the Consolidated Debtors
                   (Class 4 Claims)...........................................23
             8.   General Unsecured Claims Against EFMG (Class 5A Claims).....23
             9.   5.85% Bond Claims (Class 5B Claims).........................23
             10.  6.5% and 7% Bond Claims (Class 5C Claims)...................23
             11.  9% Bond Claims (Class 5D Claims)............................23
             12.  10.125% Bond Claims (Class 5E Claims).......................23
             13.  Other General Unsecured Claims Against the Consolidated
                   Debtors (Class 5F Claims)..................................23
             14.  Union Claim (Class 5G Claim)................................23
             15.  Prepetition Intercompany Claims (Class 6A Claims)...........23
             16.  Claims of Wholly-Owned and Majority-Owned Non-Debtor
                   Affiliates Other than DCC (Class 6B Claims)................23
             17.  DCC Claim (Class 6C Claim)..................................24
             18.  Old Common Stock of Dana (Class 7A Interests)...............24
             19.  Section 510(b) Old Common Stock Claims Against the
                   Consolidated Debtors (Class 7B Claims).....................24
             20.  Subsidiary Debtor Equity Interests (Class 8 Interests)......24

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                                TABLE OF CONTENTS
                                   (continued)

                                                                            Page

       C.    Special Provisions Regarding the Treatment of Allowed Secondary
              Liability Claims; Maximum Recovery..............................24
       D.    Confirmation Without Acceptance by All Impaired Classes..........24
       E.    Treatment of Executory Contracts and Unexpired Leases............25
             1.   Executory Contracts and Unexpired Leases to Be Assumed......25
             2.   Approval of Assumptions and Assignments; Assignments
                   Related to Restructuring Transactions......................26
             3.   Payments Related to the Assumption of Executory Contracts
                   or Unexpired Leases........................................26
             4.   Contracts and Leases Entered Into After the Petition Date...26
             5.   Rejection of Executory Contracts and Unexpired Leases.......26
             6.   Bar Date for Rejection Damages..............................27
             7.   Special Executory Contract and Unexpired Lease Issues.......27
             8.   No Change in Control........................................28
ARTICLE III. THE GLOBAL SETTLEMENT............................................28
       A.    Assumption and Assignment of Collective Bargaining Agreements....28
       B.    Cessation of Union Retiree and Long Term Disability Benefits.....28
       C.    Contributions to UAW Union Retiree VEBA and USW Union
              Retiree VEBA....................................................28
       D.    Assumption and Assignment of Pension Benefits....................28
       E.    Emergence Bonus for Union Employees..............................29
       F.    The New Equity Investment........................................29
       G.    New Employment Agreements........................................29
       H.    Limitations on Sales of Core Businesses Prior to Effective Date..29
ARTICLE IV.  CONFIRMATION OF THE PLAN.........................................29
       A.    Conditions Precedent to Confirmation.............................29
       B.    Conditions Precedent to the Effective Date.......................30
       C.    Waiver of Conditions to the Confirmation or Effective Date.......30
       D.    Effect of Nonoccurrence of Conditions to the Effective Date......30
       E.    Effect of Confirmation of the Plan...............................31
             1.   Dissolution of Official Committees..........................31
             2.   Preservation of Rights of Action by the Debtors and the
                   Reorganized Debtors; Recovery Actions......................31
             3.   Comprehensive Settlement of Claims and Controversies........31
             4.   Discharge of Claims and Termination of Interests............31
             5.   Injunction..................................................32
             6.   Releases....................................................33

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<PAGE>
                                TABLE OF CONTENTS
                                   (continued)

                                                                            Page

             7.   Exculpation.................................................33
             8.   Termination of Certain Subordination Rights and Settlement
                   of Related Claims and Controversies........................34
ARTICLE V.   MEANS FOR IMPLEMENTATION OF THE PLAN.............................34
       A.    Continued Corporate Existence and Vesting of Assets..............34
       B.    Restructuring Transactions.......................................35
             1.   Restructuring Transactions Generally........................35
             2.   Obligations of Any Successor Corporation in a Restructuring
                   Transaction................................................35
       C.    Corporate Governance and Directors and Officers..................35
             1.   Certificates of Incorporation and Bylaws of New Dana Holdco
                   and the Other Reorganized Debtors..........................35
             2.   Directors and Officers of New Dana Holdco and the Other
                   Reorganized Debtors........................................36
             3.   Compliance with Exchange Act by New Dana Holdco.............36
       D.    New Dana Holdco Common Stock.....................................36
             1.   Issuance and Distribution of New Dana Holdco Common Stock...36
             2.   Listing.....................................................36
             3.   Section 1145 Exemption......................................36
       E.    Employment, Retirement and Other Related Agreements; Cessation
              of Retiree Benefits; Workers' Compensation Programs.............37
             1.   Employment-Related Agreements...............................37
             2.   Cessation of Retiree Benefits...............................37
             3.   Continuation of Workers' Compensation Programs..............37
             4.   Emergence Bonus for Non-Union Employees.....................37
       F.    Corporate Action.................................................37
       G.    Creditor Oversight Committee.....................................38
             1.   Composition.................................................38
             2.   Rights and Responsibilities.................................38
             3.   Fees and Expenses of the Creditor Oversight Committee.......38
       H.    Special Provisions Regarding Insured Claims......................38
             1.   Limitations on Amounts to Be Distributed to Holders of
                   Allowed Insured Claims.....................................38
             2.   Reinstatement and Continuation of Insurance Policies........38
       I.    Cancellation and Surrender of Instruments, Securities and
              Other Documentation.............................................38
             1.   Bonds.......................................................38
             2.   Old Common Stock............................................39
       J.    Release of Liens.................................................39

                                      -iii-
<PAGE>
                                TABLE OF CONTENTS
                                   (continued)

                                                                            Page

       K.    Effectuating Documents; Further Transactions; Exemption from
              Certain Transfer Taxes..........................................39
ARTICLE VI.  PROVISIONS GOVERNING DISTRIBUTIONS...............................39
       A.    Distributions for Claims and Interests Allowed as of the
              Effective Date..................................................39
       B.    Method of Distributions to Holders of Claims and Interests.......40
       C.    Compensation and Reimbursement for Services Related to
              Distributions...................................................40
       D.    Provisions Governing Disputed Unsecured Claims Reserve...........40
             1.   Funding of the Disputed Unsecured Claims Reserve............40
             2.   Dividends and Distributions.................................40
             3.   Recourse....................................................40
             4.   Voting of Undelivered New Dana Holdco Common Stock..........41
             5.   Tax Treatment...............................................41
       E.    Delivery of Distributions and Undeliverable or Unclaimed
              Distributions...................................................41
             1.   Delivery of Distributions...................................41
             2.   Undeliverable Distributions Held by Disbursing Agents.......42
       F.    Timing and Calculation of Amounts to Be Distributed..............42
             1.   Distributions to Holders of Allowed Claims in Classes
                   Other than 5B, 5C, 5D, 5E, 5F and 7B.......................42
             2.   Postpetition Interest on Claims.............................43
             3.   Post-Effective Date Interest on Claims......................43
             4.   Distributions to Holders of Allowed Claims in Classes 5B,
                   5C, 5D, 5E and 5F..........................................43
             5.   Distributions to Holders of Allowed Interests in Class 7A
                   and Allowed Claims in Class 7B.............................43
             6.   Distributions of New Dana Holdco Common Stock - No
                   Fractional Shares; Rounding................................44
             7.   De Minimis Distributions....................................44
             8.   Administration and Distribution of Union Emergence Shares...44
       G.    Distribution Record Date.........................................44
       H.    Means of Cash Payments...........................................45
       I.    Foreign Currency Exchange Rate...................................45
       J.    Establishment of Reserves........................................45
       K.    Surrender of Canceled Instruments or Securities..................45
             1.   Tender of Bonds.............................................45
             2.   Lost, Stolen, Mutilated or Destroyed Bonds..................45
             3.   Failure to Surrender Bonds..................................45
             4.   Tender of Old Common Stock of Dana..........................46
             5.   Lost, Stolen, Mutilated or Destroyed Old Common
                   Stock of Dana..............................................46

                                      -iv-
<PAGE>
                                TABLE OF CONTENTS
                                   (continued)

                                                                            Page

             6.   Failure to Surrender Old Common Stock of Dana...............46
       L.    Withholding and Reporting Requirements...........................46
       M.    Setoffs..........................................................47
       N.    Application of Distributions.....................................47
ARTICLE VII. PROCEDURES FOR RESOLVING DISPUTED CLAIMS.........................47
       A.    Treatment of Disputed Claims.....................................47
             1.   ADR Procedures..............................................47
             2.   Tort Claims.................................................47
             3.   Disputed Insured Claims.....................................48
             4.   No Distributions Pending Allowance..........................48
       B.    Prosecution of Objections to Claims..............................48
             1.   Objections to Claims........................................48
             2.   Authority to Prosecute Objections...........................48
             3.   Authority to Amend Schedules................................49
       C.    Distributions on Account of Disputed Claims Once Allowed.........49
ARTICLE VIII.CONSOLIDATION OF THE DEBTORS.....................................49
       A.    Consolidation....................................................49
       B.    Order Granting Consolidation.....................................49
ARTICLE IX.  RETENTION OF JURISDICTION........................................50
ARTICLE X.   MISCELLANEOUS PROVISIONS.........................................51
       A.    Modification of the Plan.........................................51
       B.    Revocation of the Plan...........................................51
       C.    Severability of Plan Provisions..................................51
       D.    Successors and Assigns...........................................51
       E.    The New Investment Agreement and Union Settlement Agreements.....51
       F.    Service of Documents.............................................52
             1.   The Debtors and  Reorganized Debtors........................52
             2.   The Creditors' Committee....................................52
             3.   The Retiree Committee.......................................53
             4.   The Ad Hoc Bondholders' Committee...........................53
             5.   Centerbridge and CBP........................................53
             6.   The Unions..................................................53

                                       -v-
<PAGE>
                                TABLE OF EXHIBITS

Exhibit I.A.57      Creditor Oversight Committee Agreement

Exhibit I.A.65      Debtors in the Chapter 11 Cases

Exhibit I.A.91      Principal Terms of the Exit Facility

Exhibit I.A.131     Pension Plans to Be Assumed and Assigned

Exhibit II.E.1.a    Executory Contracts and Unexpired Leases to be Assumed

Exhibit II.E.1.c    Joint Venture Agreements to be Assumed and Assigned

Exhibit II.E.5      Executory Contracts and Unexpired Leases to be Rejected

Exhibit III.A       Collective Bargaining and Related Agreements to be Assumed
                    and Assigned

Exhibit V.B.1       Restructuring Transactions

Exhibit V.C.1.a     Certificate of Incorporation (or Comparable Constituent
                    Documents) of New Dana Holdco, including New Dana Holdco's
                    Certificate of Designations and Form Certificates of
                    Incorporation (or Comparable Constituent Documents) for the
                    Other Reorganized Debtors

Exhibit V.C.1.b     Bylaws (or Comparable Constituent Documents) of New Dana
                    Holdco and Form Bylaws (or Comparable Constituent
                    Documents) for the Other Reorganized Debtors

Exhibit V.C.2       Initial Directors and Officers of New Dana Holdco and Each
                    Other Reorganized Debtor

                                       -i-
<PAGE>
                                  INTRODUCTION

          Dana Corporation, a Virginia corporation, and the other
above-captioned debtors and debtors in possession (collectively, as further
defined below, the "Debtors") propose the following joint plan of reorganization
for the resolution of the outstanding claims against and equity interests in the
Debtors. The Debtors are the proponents of the Plan (as such term is defined
below) within the meaning of section 1129 of the Bankruptcy Code (as such term
is defined below). Reference is made to the Debtors' Disclosure Statement (as
such term is defined below), distributed contemporaneously with the Plan, for a
discussion of the Debtors' history, business, results of operations, historical
financial information, projections and properties and for a summary and analysis
of the Plan. Other agreements and documents supplement the Plan and have been or
will be filed with the Bankruptcy Court (as such term is defined below). These
supplemental agreements and documents are referenced in the Plan and the
Disclosure Statement and will be available for review.

                                   ARTICLE I.
                     DEFINED TERMS, RULES OF INTERPRETATION
                             AND COMPUTATION OF TIME

A.   DEFINED TERMS

          As   used in the Plan, capitalized terms have the meanings set forth
below. Any term that is not otherwise defined herein, but that is used in the
Bankruptcy Code or the Bankruptcy Rules (as each such term is defined below),
will have the meaning given to that term in the Bankruptcy Code or the
Bankruptcy Rules, as applicable.

     1.   "5.85% Bonds" means the unsecured notes issued under the 5.85% Bonds
Indenture.

     2.   "5.85% Bonds Indenture" means the Indenture for Senior Securities
between Dana, as Issuer, and Citibank, N.A., as Trustee, dated December 10,
2004, relating to the $450 million 5.85% Notes due January 15, 2015, as the same
may have been subsequently modified, amended or supplemented, together with all
instruments and agreements related thereto.

     3.   "5.85% Bond Claim" means a Claim against a Debtor under or evidenced
by a 5.85% Bond.

     4.   "6.5% and 7% Bonds" means the unsecured notes issued under the 6.5%
and 7% Bonds Indenture.

     5.   "6.5% and 7% Bonds Indenture" means the Indenture for Senior
Securities between Dana, as Issuer, and Citibank, N.A., as Trustee, dated
December 15, 1997, relating to the (a) $350 million 6.5% Notes due March 1,
2009, (b) $400 million 7% Notes due March 1, 2029, (c) $150 million 6.5% Notes
due March 15, 2008 and (d) $200 million 7% Notes due March 15, 2028, as the same
may have been subsequently modified, amended or supplemented, together with all
instruments and agreements related thereto.

     6.   "6.5% and 7% Bond Claim" means a Claim against a Debtor under or
evidenced by a 6.5% and 7% Bond.

     7.   "9% Bonds" means the unsecured notes issued under the 9% Bonds
Indenture.

     8.   "9% Bonds Indenture" means the Indenture between Dana, as Issuer, and
Citibank, N.A., as Trustee, Registrar and Paying Agent for the Dollar
Securities, and Citibank, N.A., London Branch, as Registrar and Paying Agent for
the Euro Securities, dated August 8, 2001, relating to the (a) $575 million 9%
Notes due August 15, 2011 and (b)(euro)200 9% Notes due August 15, 2011, as the
same may have been subsequently modified, amended or supplemented, together with
all instruments and agreements related thereto.

     9.   "9% Bond Claim" means a Claim against a Debtor under or evidenced by a
9% Bond.

     10.  "10.125% Bonds" means the unsecured notes issued under the 10.125%
Bonds Indenture.

                                       -1-
<PAGE>
     11.  "10.125% Bonds Indenture" means the Indenture between Dana, as Issuer,
and Citibank, N.A., as Trustee, Registrar and Paying Agent, dated March 11,
2002, relating to the $250 million 10.125% Notes due March 15, 2010, as the same
may have been subsequently modified, amended or supplemented, together with all
instruments and agreements related thereto.

     12.  "10.125% Bond Claim" means a Claim against a Debtor under or evidenced
by a 10.125% Bond.

     13.  "Ad Hoc Bondholders' Committee" means the ad hoc committee of holders
of Bonds represented by Stroock & Stroock & Lavan LLP.

     14.  "Ad Hoc Steering Committee" means DK Partners; Dune Capital
Management, LP; Franklin Mutual Advisers; and Silver Point Capital LP or, if any
of the aforementioned parties are no longer Bondholders, the four largest
Bondholders that have executed appropriate confidentiality agreements with the
Debtors and who are members of the Ad Hoc Bondholders' Committee.

     15.  "Administrative Claim" means a Claim against a Debtor or its Estate
arising on or after the Petition Date and prior to the Effective Date for a cost
or expense of administration in the Chapter 11 Cases that is entitled to
priority or superpriority under sections 364(c)(1), 503(b), 503(c), 507(b) or
1114(e)(2) of the Bankruptcy Code, including: (a) the actual and necessary costs
and expenses incurred after the Petition Date of preserving the Estates and
operating the businesses of the Debtors (such as wages, salaries, commissions
for services and payments for inventories, leased equipment and premises); (b)
Claims under the DIP Credit Agreement; (c) compensation for legal, financial
advisory, accounting and other services and reimbursement of expenses awarded or
allowed under sections 330(a) or 331 of the Bankruptcy Code, including Fee
Claims; (d) any Allowed Claims for reclamation under section 546(c)(1) of the
Bankruptcy Code; (e) Claims, pursuant to section 503(b)(9) of the Bankruptcy
Code, for the value of goods received by the Debtors in the 20 days immediately
prior to the Petition Date and sold to the Debtors in the ordinary course of the
Debtors' businesses; (f) all fees and charges assessed against the Estates under
chapter 123 of title 28, United States Code, 28 U.S.C. Sections 1911-1930; (g)
any Claims entitled to administrative priority under the Union Settlement
Agreements as approved by the Global Settlement Order; (h) any Claims of
Centerbridge entitled to superpriority under the Old Investment Agreement as
approved by the Global Settlement Order; (i) any Claims of Appaloosa and the
Standby Purchasers arising under the Appaloosa Investment Agreement as approved
by the Appaloosa Approval Order; and (j) all Postpetition Intercompany Claims
other than Postpetition Intercompany Claims entered into a Debtor's
"intercompany equity" account for internal accounting purposes after the close
of 2006.

     16.  "ADR Order" means the Order, Pursuant to Sections 105 and 502 of the
Bankruptcy Code and Bankruptcy Rules 3007 and 9019, Approving Alternative
Dispute Resolution Procedures to Promote the Resolution of Certain Prepetition
Claims (Docket No. 5372), entered by the Bankruptcy Court on May 23, 2007, as it
may be amended or supplemented from time to time.

     17.  "ADR Procedures" means the alternative dispute resolution procedures
approved by the ADR Order.

     18.  "Affiliate" means any Person that, directly or indirectly, through one
or more intermediaries, Controls, is Controlled by or is under Common Control
with, another Person; provided that, Appaloosa is not to be considered an
Affiliate of Dana.

     19.  "Allowed...Claim" or "Allowed...Interest" means an Allowed Claim or
Allowed Interest, as the case may be, in the particular Class or category
specified.

     20.  "Allowed Claim" when used:

          a.   with respect to any Claim other than an Administrative Claim,
means a Claim that is not a Disallowed Claim and:

                                       -2-
<PAGE>
               (i)(A) is listed on a Debtor's Schedules and not designated in
the Schedules as either disputed, contingent or unliquidated and (B) is not
otherwise a Disputed Claim;

               (ii)(A) as to which no objection to allowance has been
interposed on or before the Claims Objection Bar Date or such other applicable
period of limitation fixed by the Plan, the Confirmation Order, the Bankruptcy
Rules or a Final Order for objecting to such Claims and (B) is not otherwise a
Disputed Claim; or

               (iii) that is allowed: (A) in any Stipulation of Amount and
Nature of Claim executed by the applicable Claim holder on or after the
Effective Date, (B) in any contract, instrument or other agreement entered into
in connection with the Plan and, if prior to the Effective Date, approved by the
Bankruptcy Court, (C) pursuant to a Final Order or (D) pursuant to the terms of
the Plan; and

          b.   with respect to an Administrative Claim, means an Administrative
Claim that is not a Disallowed Claim and:

               (i)(A) as to which no objection to allowance has been interposed
on or before the Claims Objection Bar Date or such other applicable period of
limitation fixed by the Plan, the Confirmation Order, the Bankruptcy Rules or a
Final Order for objecting to such Claims and (B) is not otherwise a Disputed
Claim; or

               (ii) that is allowed: (A) in any Stipulation of Amount and Nature
of Claim executed by the applicable Claim holder on or after the Effective Date,
(B) in any contract, instrument or other agreement entered into in connection
with the Plan and, if prior to the Effective Date, approved by the Bankruptcy
Court, (C) pursuant to a Final Order or (D) pursuant to Section II.A.1.

     21.  "Allowed Interest" means an Interest registered in the stock register,
membership interest register or any similar register or schedule maintained by
or on behalf of a Debtor as of the Distribution Record Date and not timely
objected to or that is allowed by a Final Order.

     22.  "Appaloosa" means Appaloosa Management L.P., it affiliates and
successors and assigns under the Appaloosa Investment Agreement.

     23.  "Appaloosa Approval Order" means the Order Authorizing the Debtors to
Enter Into the Appaloosa Plan Support Agreement, the Appaloosa Investment
Agreement and Related Agreements, entered _____ __ 1, 2007 (Docket No. [____]),
and the exhibits thereto.

     24.  "Appaloosa Investment Agreement" means, collectively, the Investment
Agreement by and between Dana and Appaloosa, dated ____ __, 2007, and the
exhibits thereto, approved by the Appaloosa Approval Order,

     25.  "Appaloosa Plan Support Agreement" means, collectively, the Plan
Support Agreement among Dana, Appaloosa, the Unions and certain holders of
General Unsecured Claims, dated as of ___ __, 2007, and the exhibits thereto,
approved by the Appaloosa Approval Order, as it may be further amended, modified
or supplemented.

     26.  "Asbestos Personal Injury Claim" means any Claim, remedy, liability or
demand, held by or asserted on behalf of an individual, now existing or
hereafter arising against any Debtor, whether or not such Claim, remedy,
liability or demand is reduced to judgment, liquidated, unliquidated, fixed,
contingent, matured, unmatured, disputed, undisputed, legal, equitable, secured
or unsecured, whether or not the facts of or legal bases therefor are known or
unknown, under any theory of law, equity, admiralty or otherwise (including
piercing the corporate veil, alter ego and similar theories), for death, bodily
injury, sickness, disease, medical monitoring or other personal injuries
(whether physical, emotional or otherwise) to the extent allegedly arising out
of or based on, directly or indirectly, in whole or in part, the presence of or
exposure to asbestos or asbestos-containing products or things that were
installed, engineered, designed, manufactured, fabricated, constructed, sold,
supplied, produced, specified, selected, distributed, released, marketed,
serviced, maintained, repaired, purchased, owned, occupied, used, removed,
replaced or disposed of by any Debtor or an entity for whose products or
operations any Debtor allegedly

                                       -3-
<PAGE>
has liability or for which any Debtor is otherwise allegedly liable, including
any Claim, remedy, liability or demand for compensatory damages (such as loss of
consortium, lost wages or other opportunities, wrongful death, medical
monitoring, survivorship, proximate, consequential, general and special damages)
or punitive damages related thereto, and any Claim under any settlement entered
into by or on behalf of any Debtor prior to or after the Petition Date of an
Asbestos Personal Injury Claim. Asbestos Personal Injury Claim does not include
(a) a workers' compensation claim brought directly by a past or present employee
of any Debtor under an applicable workers' compensation statute or (b) a Claim
for indemnity, contribution or reimbursement asserted on account of an Asbestos
Personal Injury Claim (as such term is defined in the preceding sentence) by
entities other than the allegedly injured individual.

     27.  "Assets" means all of a Debtor's property, rights and interest that
are property of a Debtor's Estate pursuant to section 541 of the Bankruptcy
Code.

     28.  "Ballot" means the form or forms distributed to each holder of an
impaired Claim or Interest entitled to vote on the Plan on which the holder
indicates either acceptance or rejection of the Plan and (when applicable) any
election for treatment of such Claim or Interest under the Plan.

     29.  "Bankruptcy Code" means title 11 of the United States Code, as now in
effect or hereafter amended, as applicable to these Chapter 11 Cases.

     30.  "Bankruptcy Court" means the United States District Court having
jurisdiction over the Chapter 11 Cases and, to the extent of any reference made
pursuant to 28 U.S.C. Section 157, the bankruptcy unit of such District Court.

     31.  "Bankruptcy Rules" means, collectively, the Federal Rules of
Bankruptcy Procedure and the local rules of the Bankruptcy Court, as now in
effect or hereafter amended.

     32.  "Bar Date" means the applicable bar date by which a proof of Claim
must be, or must have been, Filed, as established by an order of the Bankruptcy
Court, including a Bar Date Order and the Confirmation Order.

     33.  "Bar Date Order" means any order of the Bankruptcy Court establishing
Bar Dates for Filing proofs of Claim in the Chapter 11 Cases, including the
Order Establishing Bar Dates for Filing Proofs of Claim and Approving Form and
Manner of Notice Thereof, entered on July 19, 2006 (Docket No. 2073), as the
same may be amended, modified or supplemented.

     34.  "Bondholder" means a holder of a Bondholder Claim.

     35.  "Bondholder Claim" means any Claim against a Debtor under or evidenced
by a Bond.

     36.  "Bonds" means, collectively: (a) the 5.85% Bonds; (b) the 6.5% and 7%
Bonds; (c) the 9% Bonds; and (d) the 10.125% Bonds.

     37.  "Business Day" means any day, other than a Saturday, Sunday or "legal
holiday" (as defined in Bankruptcy Rule 9006(a)).

     38.  "Case Management Order" means the Amended Administrative Order,
Pursuant to Rule 1015(c) of the Federal Rules of Bankruptcy Procedure,
Establishing Case Management and Scheduling Procedures (Docket No. 574), entered
on March 23, 2006, as it may be amended from time to time.

     39.  "Cash" means legal tender of the United States of America and
equivalents thereof.

     40.  "Cash Investment Yield" means the net yield earned by the applicable
Disbursing Agent from the investment of Cash held pending distribution pursuant
to the Plan (including any Cash received by the Disbursing Agent on account of
dividends and other distributions on the Reserved Shares), which investment will
be in a manner consistent with Dana's investment and deposit guidelines.

                                       -4-
<PAGE>
     41.  "Catch-Up Distribution" means: (a) with respect to each holder of an
Allowed Claim in Classes 5B, 5C, 5D, 5E and 5F that was previously a Disputed
Claim, the amount of Reserved Shares and Reserved Excess Minimum Cash equal to
the aggregate amount of any (i) Distributable Shares of New Dana Holdco Common
Stock, (ii) Distributable Excess Minimum Cash, (iii) Reserved Shares and (iv)
Reserved Excess Minimum Cash (if any) that such holder would have received if
its Claim had been an Allowed Claim on the Effective Date and each Periodic
Distribution Date preceding the date the Claim became Allowed; and (b) with
respect to each holder of an Allowed Claim in Class 7B that was previously a
Disputed Claim, the amount of Reserved Shares and Reserved Excess Minimum Cash
equal to the aggregate amount of any Reserved Shares and Reserved Excess Minimum
Cash (if any) that such holder would have received if its Claim had been an
Allowed Claim on the Periodic Distribution Date upon which (i) all Disputed
Claims in Classes other than Class 7B entitled to distributions were resolved
and (ii) all distributions to which the holders of such Claims were entitled
pursuant to the terms of the Plan were made from the Disputed Unsecured Claims
Reserve.

     42.  "CBP" means CBP Parts Acquisition Co. LLC, one of the New Equity
Investors.

     43.  "Centerbridge" means Centerbridge Capital Partners, L.P.

     44.  "Chapter 11 Cases" means, collectively, the cases commenced under
chapter 11 of the Bankruptcy Code by the Debtors in the Bankruptcy Court.

     45.  "Claim" means a claim (as defined in section 101(5) of the Bankruptcy
Code) against a Debtor.

     46.  "Claims Objection Bar Date" means, for all Claims, including Claims
asserting priority under section 503(b)(9) of the Bankruptcy Code, other than
Allowed Claims, the latest of: (a) 150 days after the Effective Date, subject to
extension by order of the Bankruptcy Court; (b) 90 days after the Filing of a
proof of Claim for such Claim; and (c) such other period of limitation as may be
specifically fixed by the Plan, the Confirmation Order, the Bankruptcy Rules or
a Final Order for objecting to such a Claim.

     47.  "Class" means a class of Claims or Interests, as described in
Article II.

     48.  "Confirmation" means the entry of the Confirmation Order on the docket
of the Bankruptcy Court.

     49.  "Confirmation Date" means the date on which the Bankruptcy Court
enters the Confirmation Order on its docket, within the meaning of Bankruptcy
Rules 5003 and 9021.

     50.  "Confirmation Exhibits" means, collectively, the documents listed on
the "Table of Exhibits" included herein, which documents will be Filed no later
than five days before the Confirmation Hearing, to the extent not filed earlier.
All Confirmation Exhibits will be made available on the Document Websites once
they are Filed. The Debtors reserve the right, in accordance with the terms
hereof, to modify, amend, supplement, restate or withdraw any of the
Confirmation Exhibits after they are Filed and shall promptly make such changes
available on the Document Websites.

     51.  "Confirmation Hearing" means the hearing held by the Bankruptcy Court
on Confirmation of the Plan, as such hearing may be continued from time to time.

     52.  "Confirmation Order" means the order of the Bankruptcy Court
confirming the Plan pursuant to section 1129 of the Bankruptcy Code.

     53.  "Consolidated Debtors" means, collectively, all of the Debtors other
than EFMG.

     54.  "Control," "Controlled by" and "under Common Control with" means
possession, direct or indirect, of the power to direct or cause the direction of
the management and policies of a Person, whether through the ownership of voting
securities, by contract or otherwise.

                                       -5-
<PAGE>
     55.  "Convenience Claims" means General Unsecured Claims against any of the
Consolidated Debtors that otherwise would be classified in Class 5F, but, with
respect to each such Claim, either (a) the amount of such Claim is equal to or
less than $5,000 or (b) is reduced to $5,000 pursuant to an election by the
Claim holder made on the Ballot provided for voting on the Plan by the Voting
Deadline.

     56.  "Creditor Oversight Committee" means the committee established
pursuant to Section V.G to oversee the unsecured claims reconciliation process
and direct the Disbursing Agent or Third Party Disbursing Agent, as applicable,
with respect to distributions under the Plan to Classes 5B, 5C, 5D, 5E and 5F,
the membership of which shall be chosen by the Creditors' Committee in
consultation with the Debtors.

     57.  "Creditor Oversight Committee Agreement" means the agreement, which
shall be in form and substance reasonably acceptable to the Creditors'
Committee, the Debtors, the Reorganized Debtors and Appaloosa, establishing the
terms governing the Creditor Oversight Committee, substantially in the form of
Exhibit I.A.56.

     58.  "Creditors' Committee" means the statutory official committee of
unsecured creditors appointed by the United States Trustee in the Chapter 11
Cases pursuant to section 1102 of the Bankruptcy Code, as such appointment has
been subsequently modified.

     59.  "Creditors' Committee Website" means the internet site address
http://www.danacreditorcommittee.com at which all of the exhibits and schedules
to the Plan and the Disclosure Statement will be available to creditors of the
Debtors.

     60.  "Cure Amount Claim" means a Claim based upon a Debtor's defaults under
an Executory Contract or Unexpired Lease at the time such contract or lease is
assumed by such Debtor under section 365 of the Bankruptcy Code to the extent
required by section 365 of the Bankruptcy Code.

     61.  "Dana" means Debtor Dana Corporation.

     62.  "DCC" means Dana Credit Corporation, a Delaware corporation and a
non-debtor affiliate of the Debtors.

     63.  "DCC Bonds" means the: (a) $8.0 million 7.18% notes due April 8, 2006;
(b) $12.0 million 6.93% notes due April 8, 2006; (c) $30.0 million 7.91% notes
due August 16, 2006; (d) $30.0 million 6.88% notes due August 28, 2006; (e)
$275.0 million 8.375% notes due August 15, 2007; and (f) $37.0 million 6.59%
notes due December 1, 2007.

     64.  "DCC Claim" means the $325 million General Unsecured Claim against
Dana, Allowed pursuant to the Order Approving Settlement Agreement among the
Debtors and Dana Credit Corporation (Docket No. 4199), entered on November 30,
2006.

     65.  "Debtors" means, collectively, the above-captioned debtors and debtors
in possession identified on Exhibit I.A.65.

     66.  "Derivative Claim" means a claim (as defined in section 101(5) of the
Bankruptcy Code) or cause of action that is the property of any of the Debtors'
Estates pursuant to section 541 of the Bankruptcy Code, including, without
limitation, those claims and causes of action asserted in Staehr v. Burns et
al., Civil Action No. 3:06-cv-07069-JGC, N.D. Ohio (2006) and Casden v. Burns et
al., Civil Action No. 3:06-cv-07068-JGC, N.D. Ohio (2006).

     67.  "DIP Credit Agreement" means, collectively: (a) the Senior Secured
Superpriority Debtor-In-Possession Credit Agreement among Dana (as borrower),
the other Debtors (as guarantors), Citicorp North America, Inc., as
administrative agent, Bank of America, N.A. and JPMorgan Chase Bank, N.A., as
co-syndication agents, and Citigroup Capital Markets Inc., J.P. Morgan
Securities Inc. and Banc of America Securities LLC, as Joint Lead Arrangers and
Joint Bookrunners, and the other lenders party thereto; (b) all

                                       -6-
<PAGE>
amendments thereto and extensions thereof; and (c) all security agreements and
instruments related to the documents identified in (a) and (b).

     68.  "DIP Lender Claim" means any Claim against a Debtor under or evidenced
by (a) the DIP Credit Agreement and (b) the Final DIP Order.

     69.  "DIP Lenders" means, collectively: (a) those entities identified as
"Lenders" in the DIP Credit Agreement and their respective permitted successors
and assigns (solely in their capacity as "Lenders" under the DIP Credit
Agreement); and (b) any agent bank named therein (solely in its capacity as
agent bank under the DIP Credit Agreement).

     70.  "Disallowed," when used with respect to a Claim, means a Claim that
has been disallowed by a Final Order.

     71.  "Disbursing Agent" means any Reorganized Debtor in its capacity as
disbursing agent pursuant to Section VI.B, the Indenture Trustee or any Third
Party Disbursing Agent.

     72.  "Disclosure Statement" means the disclosure statement (including all
exhibits and schedules thereto or referenced therein) that relates to the Plan
and has been prepared and distributed by the Debtors, as plan proponents, as
approved by the Bankruptcy Court pursuant to section 1125 of the Bankruptcy
Code, as the same may be amended, modified or supplemented.

     73.  "Disputed Claim" means:

          a.   a Claim that is listed on a Debtor's Schedules as either
disputed, contingent or unliquidated;

          b.   a Claim that is listed on a Debtor's Schedules as other than
disputed, contingent or unliquidated, but the nature or amount of the Claim as
asserted by the holder varies from the nature or amount of such Claim as it is
listed on the Schedules;

          c.   a Claim that is not listed on a Debtor's Schedules;

          d.   a Claim as to which the applicable Debtor or Reorganized Debtor,
or, prior to the Confirmation Date, any other party in interest, has Filed an
objection by the Claims Objection Bar Date and such objection has not been
withdrawn or denied by a Final Order;

          e.   a Claim for which a proof of Claim or request for payment of
Administrative Claim is required to be Filed under the Plan and no such proof of
Claim or request for payment of Administrative Claim is timely filed; or

          f.   a Tort Claim.

     74.  "Disputed Insured Claim" and "Disputed Uninsured Claim" mean,
respectively, an Insured Claim or an Uninsured Claim that is also a Disputed
Claim.

     75.  "Disputed Unsecured Claims Reserve" means the reserve of Disputed
Unsecured Claims Reserve Assets, which reserve (a) will maintain the Disputed
Unsecured Claims Reserve Assets in trust for Pro Rata distribution to holders of
Disputed Claims that become Allowed Claims in Classes 5B, 5C, 5D, 5E and 5F
pursuant to the terms of the Plan and (b) will not constitute property of the
Reorganized Debtors.

     76.  "Disputed Unsecured Claims Reserve Assets" means (a) the Reserved
Shares, (b) any Reserved Excess Minimum Cash, (c) any Cash dividends or other
distributions received by the Disbursing Agent on account of the Reserved Shares
and (d) any related Cash Investment Yield.

                                       -7-
<PAGE>
     77.  "Distributable Excess Minimum Cash" means the Excess Minimum Cash,
less the Reserved Excess Minimum Cash, to be distributed Pro Rata on the
Effective Date to holders of Allowed Claims in Classes 5B, 5C, 5D, 5E and 5F
that are not Disputed Claims as of the Effective Date pursuant to the terms of
the Plan.

     78.  "Distributable Shares of New Dana Holdco Common Stock" means the
shares of New Dana Holdco Common Stock issued on the Effective Date, less (a)
the Reserved Shares and (b) the Emergence Shares, to be distributed Pro Rata on
the Effective Date to holders of Allowed Claims in Classes 5B, 5C, 5D, 5E and 5F
that are not Disputed Claims as of the Effective Date pursuant to the terms of
the Plan.

     79.  "Distribution Record Date" means the close of business on the
Confirmation Date.

     80.  "Document Websites" means (a) the internet site address
http://www.dana.bmcgroup.com at which all of the Exhibits and schedules to the
Plan and the Disclosure Statement will be available to any party in interest and
the public; and (b) the Creditors' Committee Website.

     81.  "Effective Date" means a day, as determined by the Debtors, that is
the Business Day as soon as reasonably practicable after all conditions to the
Effective Date in Section IV.B have been met or waived in accordance with
Section IV.C.

     82.  "EFMG" means EFMG LLC, a Virginia limited liability company and one of
the Debtors.

     83.  "Eligible General Unsecured Claim" means a General Unsecured Claim
that is an Allowed Claim as of the Rights Offering Record Date or estimated
pursuant to section 502(c) of the Bankruptcy Code and Rule 3018 of the
Bankruptcy Rules for the purpose of participating in the Rights Offering as of
the Rights Offering Record Date.

     84.  "Eligible Holder" means the holder of an Eligible Unsecured Claim.

     85.  "Emergence Shares" means, collectively, the Union Emergence Shares and
the Non-Union Emergence Shares.

     86.  "ERISA" means the Employee Retirement Income Security Act of 1974, as
amended, 29 U.S.C. Sections 1301-1461.

     87.  "Estate" means, as to each Debtor, the estate created for such Debtor
in its Chapter 11 Case pursuant to section 541 of the Bankruptcy Code.

     88.  "Excess Minimum Cash" means Cash in excess of (a) the minimum Cash
required by the Reorganized Debtors to operate their businesses on the Effective
Date and thereafter plus (b) the amount of Cash needed, pursuant to the terms of
the Plan, to satisfy all (i) Allowed Secured Claims, Allowed DIP Lender Claims,
Allowed Administrative Claims, Allowed Priority Tax Claims, Allowed Priority
Claims and Allowed Claims in Classes 4, 5A, 6B and 6C and (ii) Secured Claims,
DIP Lender Claims, Administrative Claims, Priority Tax Claims, Priority Claims
or Claims in Classes 4, 5A 6B and 6C that (A) are Disputed Claims and (B) may
become Allowed Claims after the Effective Date plus (c) the amount of Cash
needed to satisfy the Remaining Non-Union Retiree VEBA Contribution, the USW
Union Retiree VEBA Contribution and the UAW Union Retiree VEBA Contribution.

     89.  "Exchange Act" means the Securities Exchange Act of 1934, as amended.

     90.  "Executory Contract or Unexpired Lease" means a contract or lease to
which a Debtor is a party that is subject to assumption, assumption and
assignment or rejection under section 365 of the Bankruptcy Code and includes
any modifications, amendments, addenda or supplements thereto or restatements
thereof.

     91.  "Exit Facility" means a senior secured credit facility that: (a)
includes (i) funded commitments not to exceed $1.5 billion and (ii) unfunded
commitments; and (b) will be entered into by the Reorganized Debtors, the

                                       -8-
<PAGE>
Exit Facility Agent and the other financial institutions party thereto on the
Effective Date on substantially the terms set forth on Exhibit I.A.91.

     92.  "Exit Facility Agent" means the agent under the Exit Facility.

     93.  "Face Amount" means:

          a.   when used with reference to a Disputed Insured Claim, either (i)
the full stated amount claimed by the holder of such Claim in any proof of Claim
Filed by the Bar Date, or otherwise deemed timely Filed under applicable law, if
the proof of Claim specifies only a liquidated amount; (ii) if no proof of Claim
is Filed by the Bar Date or otherwise deemed timely filed under applicable law,
the full amount of the Claim listed on the Debtors' Schedules, provided that
such amount is not listed as disputed, contingent or unliquidated; or (iii) the
applicable deductible under the relevant insurance policy, minus any
reimbursement obligations of the applicable Debtor to the insurance carrier for
sums expended by the insurance carrier on account of such Claim (including
defense costs), if such amount is less than the amount specified in (i) or (ii)
above or the proof of Claim specifies an unliquidated amount; and

          b.   when used with reference to a Disputed Uninsured Claim, either
(i) the full stated amount claimed by the holder of such Claim in any proof of
Claim Filed by the Bar Date or otherwise deemed timely Filed under applicable
law, if the proof of Claim specifies only a liquidated amount or (ii) the amount
of the Claim (A) acknowledged by the applicable Debtor, Reorganized Debtor or,
prior to the Effective Date, the Creditors' Committee in conjunction with the
Debtors in any objection Filed to such Claim, (B) estimated by the Bankruptcy
Court for such purpose pursuant to section 502(c) of the Bankruptcy Code or (C)
proposed by the Debtors or Reorganized Debtors if no proof of Claim has been
Filed by the Bar Date or has otherwise been deemed timely Filed under applicable
law or if the proof of Claim specifies an unliquidated amount (in whole or in
part).

     94.  "Federal Judgment Rate" means the federal post-judgment interest rate,
as established by 28 U.S.C. Section 1961(a), of 4.74% on the Petition Date.

     95.  "Fee Claim" means a Claim under sections 328, 330(a), 331, 503 or 1103
of the Bankruptcy Code for compensation of a Professional or other entity for
services rendered or expenses incurred in the Chapter 11 Cases.

     96.  "Fee Order" means the Order, Pursuant to Sections 105(a) and 331 of
the Bankruptcy Code, Bankruptcy Rule 2016(a) and Local Bankruptcy Rule 2016-1,
Establishing Procedures for Interim Monthly Compensation for Professionals
(Docket No. 732), entered by the Bankruptcy Court on March 29, 2006.

     97.  "File," "Filed" or "Filing" means file, filed or filing with the
Bankruptcy Court or its authorized designee in the Chapter 11 Cases.

     98.  "Final DIP Order" means the Final Order (I) Authorizing Debtors to (A)
Obtain Postpetition Secured Financing Pursuant to 11 U.S.C. Sections 105(a),
361, 362, 363, 364(c)(1), 364(c)(2), 364(c)(3), 364(d)(1), 364(e) and 507 and
Fed. R. Bankr. P. 2002, 4001 and 9014 and (B) Utilize Cash Collateral Pursuant
to 11 U.S.C. Section 363, and (II) Granting Adequate Protection to Prepetition
Secured Parties Pursuant to 11 U.S.C. Sections 361, 362, 363 and 364 (Docket No.
721), entered by the Bankruptcy Court on March 29, 2006.

     99.  "Final Distribution Date" means the date that is 90 days after all
Disputed Claims have been resolved (or as soon as reasonably practicable
thereafter), which shall be the date a final distribution is made under this
Plan.

     100. "Final Order" means an order or judgment of the Bankruptcy Court, or
other court of competent jurisdiction, as entered on the docket in the Chapter
11 Cases or the docket of any other court of competent jurisdiction, that has
not been reversed, stayed, modified or amended, and as to which the time to
appeal or petition for certiorari or move for a new trial, reargument or
rehearing has expired, and as to which no appeal or petition for certiorari or
other proceeding for a new trial, reargument or rehearing that has been timely
taken is pending, or as to

                                       -9-
<PAGE>
which any appeal that has been taken or any petition for certiorari that has
been timely filed has been withdrawn or resolved by the highest court to which
the order or judgment was appealed or from which certiorari was sought or the
new trial, reargument or rehearing shall have been denied or resulted in no
modification of such order.

     101. "General Unsecured Claim" means any Claim that is not an
Administrative Claim, Secured Claim, Cure Amount Claim, Priority Claim, Priority
Tax Claim, Section 510(b) Old Common Stock Claim, Asbestos Personal Injury
Claim, DCC Claim, Prepetition Intercompany Claim and the Union Claim. For the
avoidance of doubt, General Unsecured Claims include but are not limited to (a)
all Liabilities related to real property not owned or leased by the Debtors as
of the Petition Date, (b) Bondholder Claims and (c) the Unions' potential $908
million Claim against the Debtors under Appendix R to the Union Settlement
Agreements.

     102. "Global Settlement" means the settlement among the Debtors, the
Unions, certain Bondholders, and initially involving Centerbridge and CBP and
thereafter Appaloosa, documented in the Union Settlement Agreements, the Old
Plan Support Agreement, the Old Investment Agreement, the Appaloosa Plan Support
Agreement, the Appaloosa Investment Agreement and their respective exhibits and
appendices.

     103. "Global Settlement Order" means the Order Pursuant to 11 U.S.C.
Sections 1113 and 1114(E) and Federal Rule of Bankruptcy Procedure 9019,
Approving Settlement Agreements with the United Steelworkers and United
Autoworkers, and Pursuant to 11 U.S.C. Sections 105(A), 363(B), 364(C), 503 and
507, Authorizing the Debtors to Enter Into Plan Support Agreement, Investment
Agreement and Related Agreements, entered August 1, 2007 (Docket No. 5879), and
the exhibits thereto.

     104. "Indenture Trustee" means Wilmington Trust Company, as indenture
trustee under the Indentures.

     105. "Indentures" means, collectively: (a) the 6.5% and 7% Bonds Indenture;
(b) the 9% Bonds Indenture; (c) the 10.125% Bonds Indenture; and (d) the 5.85%
Bonds Indenture.

     106. "Independent Director" means a director of New Dana Holdco who
qualifies as an "independent director" of New Dana Holdco under (a) NYSE Rule
303(A)(2) or (b) if New Dana Holdco is listed or quoted on another securities
exchange or quotation system that has an independence requirement, the
comparable rule or regulation of such securities exchange or quotation system on
which the New Dana Holdco Common Stock is listed or quoted (whether by final
rule or otherwise). In addition, in order for a director designated by Appaloosa
to be deemed to be an "Independent Director," such director would also have to
be considered an "independent director" of Appaloosa under NYSE Rule 303(A)(2),
assuming for this purpose that (a) such director were a director of Appaloosa
(whether or not such director actually is or has been a director of Appaloosa)
and (b) Appaloosa is deemed to be a NYSE listed company.

     107. "Insured Claim" means any Claim arising from an incident or occurrence
alleged to have occurred prior to the Effective Date that is covered under an
insurance policy applicable to the Debtors or their businesses.

     108. "Intercompany Claim" means any Claim by any Debtor against another
Debtor.

     109. "Interest" means the rights and interests of the holders of the Old
Common Stock of any Debtor, any other instruments evidencing an ownership
interest in a Debtor and the rights of any entity to purchase or demand the
issuance of any of the foregoing, including: (a) redemption, conversion,
exchange, voting, participation and dividend rights (including any rights in
respect of accrued and unpaid dividends); (b) liquidation preferences; and (c)
stock options and warrants.

     110. "Liabilities" means any and all claims, obligations, suits, judgments,
damages, demands, debts, rights, Recovery Actions, Derivative Claims, causes of
action and liabilities, whether liquidated or unliquidated, fixed or contingent,
matured or unmatured, known or unknown, foreseen or unforeseen, arising in law,
equity or otherwise, that are based in whole or in part on any act, event,
injury, omission, transaction, agreement, employment, exposure or other
occurrence taking place on or prior to the Effective Date.

                                      -10-
<PAGE>
     111. "Minimum Emergence Liquidity" means, as of the Effective Date, the
sum, after giving effect to all Cash distributions to be made on the Effective
Date pursuant to the Plan, of (a) Cash and Cash equivalents of the Debtors and
their subsidiaries and (b) unused commitments under the Exit Facility.

     112. "New Dana Holdco" means [_____________], a Delaware corporation.

     113. "New Dana Holdco Common Stock" means the shares of common stock, $0.01
par value per share, of New Dana Holdco, authorized pursuant to the certificate
of incorporation of New Dana Holdco, of which up to 100,000,000 shares shall be
initially issued pursuant to the Plan as of the Effective Date.

     114. "New Equity Investment" means the $750,000,000 investment to be made
by the New Equity Investors on the Effective Date in connection with the
purchase of New Preferred Stock, pursuant to and in accordance with the
Appaloosa Investment Agreement.

     115. "New Equity Investors" means, individually and collectively,
Appaloosa, the Standby Purchasers and the Eligible Holders who exercise a Right,
each of whom have agreed to purchase the New Preferred Stock pursuant to and in
accordance with the Appaloosa Investment Agreement.

     116. "New Preferred Stock" means, collectively, the New Series A Preferred
Stock and the New Series B Preferred Stock.

     117. "New Series A Preferred Stock" means, collectively, the 2,500,0000
shares of 4.0% series A convertible preferred stock, $0.01 par value per share,
of New Dana Holdco, authorized pursuant to the certificate of incorporation (or
comparable constituent documents) and certificate of designations of New Dana
Holdco.

     118. "New Series B Preferred Stock" means, collectively, the 5,000,000
shares of 4.0% Series B convertible preferred stock, $0.01 par value per share,
of New Dana Holdco, authorized pursuant to the certificate of incorporation (or
comparable constituent documents) and certificate of designations of New Dana
Holdco.

     119. "Non-Union Emergence Shares" means [_______________________________].

     120. "Non-Union Retiree Settlement Order" means the Stipulation and Agreed
Order Between Dana Corporation and the Official Committee of Non-Union Retirees
(Docket No. 5356), entered by the Bankruptcy Court on May 22, 2007.

     121. "Non-Union Retiree VEBA" means the voluntary employees' beneficiary
association established pursuant to the Non-Union Retiree Settlement Order.

     122. "Notice Parties" means (a) prior to the Effective Date, the Debtors,
the Creditors' Committee, Appaloosa and the Unions; and (b) on or after the
Effective Date, the Reorganized Debtors, the Creditor Oversight Committee,
Appaloosa and the Unions.

     123. "NYSE" means the New York Stock Exchange.

     124. "NYSE Rule 303(A)(2)" means New York Stock Exchange Rule 303A(2), as
such rule may be amended, supplemented or replaced from time to time.

     125. "Official Committees" means, collectively, the Creditors' Committee
and the Retiree Committee.

     126. "Old Common Stock" means, when used with reference to a particular
Debtor, the common stock, membership interests, partnership interests or other
capital stock issued by such Debtor and outstanding immediately prior to the
Petition Date, and any options, warrants or other rights with respect thereto.

                                      -11-
<PAGE>
     127. "Old Investment Agreement" means, collectively, the Investment
Agreement by and between Dana and Centerbridge and CBP, dated July 26, 2007, and
the exhibits thereto, approved by the Global Settlement Order, which agreement
has be superseded by the Appaloosa Investment Agreement.

     128. "Old Plan Support Agreement" means, collectively, the Amended Plan
Support Agreement among Dana, Centerbridge, the Unions and certain holders of
General Unsecured Claims, dated as of July 26, 2007, and the exhibits thereto,
approved by the Global Settlement Order, as it may be further amended, modified
or supplemented.

     129. "Ordinary Course Professionals Order" means the Order, Pursuant to
Sections 105(a), 327, 328 and 330 of the Bankruptcy Code and Bankruptcy Rule
2014(a), Authorizing Debtors and Debtors in Possession to Retain, Employ and Pay
Certain Professionals in the Ordinary Course of Their Businesses (Docket No.
76), entered by the Bankruptcy Court on March 6, 2006.

     130. "PBGC" means the Pension Benefit Guaranty Corporation, a wholly-owned
United States government corporation and an agency of the United States that
administers the defined benefit pension plan termination insurance program under
Title IV of ERISA.

     131. "Pension Plans" means, individually and collectively, the pension
plans listed on Exhibit I.A.131 (a) that are tax-qualified defined benefit
pension plans covered by ERISA and (b) for which the Debtors are contributing
sponsors. See 29 U.S.C. Sections 1301(a)(13) and (14).

     132. "Per Share Value" means the value per share of New Dana Holdco Common
Stock as set forth in the Disclosure Statement, subject to modification by the
Confirmation Order.

     133. "Periodic Distribution Date" means the twentieth day of the month
following the end of each calendar quarter after the Effective Date (or as soon
as reasonably practicable thereafter); provided, however, that if the Effective
Date is within 45 days of the end of a calendar quarter, the first Periodic
Distribution Date will be the twentieth day of the month following the end of
the first calendar quarter after the calendar quarter in which the Effective
Date falls.

     134. "Person" means any individual, firm, corporation, partnership, limited
liability company, joint venture, association, trust, unincorporated
organization or other entity.

     135. "Petition Date" means March 3, 2006, the date on which the Debtors
Filed their petitions for relief commencing the Chapter 11 Cases.

     136. "Plan" means this joint plan of reorganization for the Debtors, and
all exhibits attached hereto or referenced herein, as the same may be amended,
modified or supplemented.

     137. "Port Authority" means the Toledo Lucas County Port Authority.

     138. "Port Authority Lease" means the Lease Agreement between the Port
Authority and Spicer Driveshaft, Inc. (n/k/a Debtor Torque-Traction
Technologies, LLC), dated October 1, 2002, as amended in accordance with the
Port Authority Settlement Agreement.

     139. "Port Authority Secured Claim" means the Port Authority's $18.875
million Secured Claim against Debtor Torque-Traction Technologies, LLC, allowed
pursuant to the Port Authority Settlement Order.

     140. "Port Authority Settlement Agreement" means the Settlement Agreement
by and among Dana, Debtor Torque-Traction Technologies, LLC, the Port Authority,
the Director of Development of the State of Ohio, The Huntington National Bank
and The Bank of New York Trust Company, N.A., dated August 1, 2007, approved by
the Bankruptcy Court on August 22, 2007, as it may be amended, supplemented or
modified.

     141. "Port Authority Settlement Order" means the Order, Pursuant to
Bankruptcy Rule 9019, for an Order (I) Approving a Settlement Agreement by and
among Certain Debtors, The Toledo-Lucas County Port

                                      -12-
<PAGE>
Authority and Certain Other Parties, and (II) Allowing Claims of Toledo-Lucas
County Port Authority Against Dana Corporation and Torque-Traction Technologies,
LLC (Docket No. 6002), entered by the Bankruptcy Court on August 22, 2007.

     142. "Postpetition Intercompany Claim" means any Intercompany Claim that is
not a Prepetition Intercompany Claim.

     143. "Postpetition Interest" means: (a) the Federal Judgment Rate; (b) for
a Bondholder Claim, the contractual rate of interest set forth in the applicable
Indenture; (c) the rate of interest set forth in the contract or other
applicable document between the holder of a Claim and the applicable Debtor
giving rise to such holder's Claim; or (d) such interest, if any, as otherwise
agreed to by the holder of a Claim and the applicable Debtor.

     144. "Prepetition Intercompany Claim" means an Intercompany Claim that
arose prior to the Petition Date.

     145. "Priority Claim" means a Claim that is entitled to priority in payment
pursuant to section 507(a) of the Bankruptcy Code that is not an Administrative
Claim or a Priority Tax Claim.

     146. "Priority Tax Claim" means a Claim that is entitled to priority in
payment pursuant to section 507(a)(8) of the Bankruptcy Code.

     147. "Pro Rata" means, when used with reference to a distribution of
property to holders of Allowed Claims or Allowed Interests in a particular Class
or other specified group of Claims or Interests pursuant to Article II,
proportionately so that with respect to a particular Allowed Claim or Allowed
Interest in such Class or in such group, the ratio of (a)(i) the amount of
property to be distributed on account of such Claim or Interest to (ii) the
amount of such Claim or Interest, is the same as the ratio of (b)(i) the amount
of property to be distributed on account of all Allowed Claims or Interests in
such Class or group of Claims or Interests to (ii) the amount of all Allowed
Claims or Allowed Interests, as the case may be, in such Class or group of
Claims or Interests.

     148. "Professional" means any professional employed in the Chapter 11 Cases
pursuant to sections 327, 328, 363 or 1103 of the Bankruptcy Code or any
professional or other entity seeking compensation or reimbursement of expenses
in connection with the Chapter 11 Cases pursuant to section 503(b)(4) of the
Bankruptcy Code. For the avoidance of doubt, "Professional" shall include any
professional or other entity rendering services to the Unions in connection with
the Chapter 11 Cases to the extent that the compensation or reimbursement of
expenses sought by such professional or other entity is governed by the Union
Fee Order.

     149. "Real Property Executory Contract or Unexpired Lease" means,
collectively, an Executory Contract or Unexpired Lease relating to a Debtor's
interest in real property and any Executory Contract or Unexpired Lease granting
rights or interests related to or appurtenant to the applicable real property,
including all easements; licenses; permits; rights; privileges; immunities;
options; rights of first refusal; powers; uses; usufructs; reciprocal easement
or operating agreements; vault, tunnel or bridge agreements or franchises;
development rights; and any other interests in real estate or rights in rem
related to the applicable real property.

     150. "Recovery Actions" means, collectively and individually, preference
actions, fraudulent conveyance actions and other claims or causes of action
under sections 510, 544, 547, 548, 549 and 550 of the Bankruptcy Code and other
similar state law claims and causes of action.

     151. "Reinstated" or "Reinstatement" means rendering a Claim or Interest
unimpaired within the meaning of section 1124 of the Bankruptcy Code. Unless the
Plan specifies a particular method of Reinstatement, when the Plan provides that
a Claim or Interest will be Reinstated, such Claim or Interest will be
Reinstated, at Dana's sole discretion, in accordance with one of the following:

          a.   The legal, equitable and contractual rights to which such Claim
               or Interest entitles the holder will be unaltered; or

                                      -13-
<PAGE>
          b.   Notwithstanding any contractual provisions or applicable law that
               entitles the holder of such Claim or Interest to demand or
               receive accelerated payment of such Claim or Interest after the
               occurrence of a default:

               i.   any such default that occurred before or after the
                    commencement of the applicable Chapter 11 Case, other than a
                    default of a kind specified in section 365(b)(2) of the
                    Bankruptcy Code, will be cured;

               ii.  the maturity of such Claim or Interest as such maturity
                    existed before such default will be reinstated;

               iii. the holder of such Claim or Interest will be compensated for
                    any damages incurred as a result of any reasonable reliance
                    by such holder on such contractual provision or such
                    applicable law;

               iv.  if such Claim arises from any failure to perform a
                    nonmonetary obligation, other than a default arising from
                    failure to operate a nonresidential real property lease
                    subject to section 365(b)(1)(A) of the Bankruptcy Code, the
                    holder of such Claim will be compensated for any actual
                    pecuniary loss incurred by such holder as a result of such
                    failure; and

               v.   the legal, equitable or contractual rights to which such
                    Claim or Interest entitles the holder of such Claim will not
                    otherwise be altered.

     152. "Released Parties" means, collectively and individually, the Debtors,
the Reorganized Debtors, the Official Committees and their members (solely in
their capacity as such), the Unions and any consultants of the Unions, the DIP
Lenders, Centerbridge, CBP and permitted successors and assigns under the Old
Investment Agreement, the Ad Hoc Steering Committee and its predecessor members
from and after July 5, 2007 (solely in their capacity as such and to the extent
holders of at least $650 million in the aggregate of Bondholder Claims have
executed the Appaloosa Plan Support Agreement), Centerbridge Capital Partners
Strategic, L.P., Centerbridge Capital Partners SBS, L.P., Appaloosa and the
Standby Purchasers and permitted successors and assigns under the Appaloosa
Investment Agreement and the Representatives of each of the foregoing.

     153. "Remaining Non-Union Retiree VEBA Contribution" means $53.8 million in
Cash.

     154. "Reorganized . . . " means, when used in reference to a particular
Debtor, such Debtor on or after the Effective Date.

     155. "Reorganized Debtors" means the Debtors on and after the Effective
Date and any entities created as part of the Restructuring Transactions,
including but not limited to New Dana Holdco.

     156. "Representatives" means, with respect to any entity, successor,
predecessor, officer, director, partner, employee, agent, attorney, advisor,
investment banker, financial advisor, accountant or other Professional of such
entity, and committee of which such entity is a member, in each case in such
capacity, serving on or after February 28, 2006.

     157. "Reserved Excess Minimum Cash" means the Excess Minimum Cash to be
contributed to the Disputed Unsecured Claims Reserve.

     158. "Reserved Shares" means the shares of New Dana Holdco Common Stock to
be contributed to the Disputed Unsecured Claims Reserve.

     159. "Restructuring Transactions" means, collectively, those mergers,
consolidations, restructurings, dispositions, liquidations or dissolutions that
the Debtors determine to be necessary or appropriate to effect a

                                      -14-
<PAGE>
corporate restructuring of their respective businesses or otherwise to simplify
the overall corporate structure of the Reorganized Debtors, as described in
greater detail in Section V.B.1.

     160. "Retiree Committee" means the official committee of non-union retired
employees appointed by the United States Trustee in the Chapter 11 Cases
pursuant to section 1102 of the Bankruptcy Code, as such committee may be
reconstituted from time to time.

     161. "Right" means a right issued pursuant to the Rights Offering.

     162. "Rights Offering" means the offer and sale by Dana of New Series B
Preferred Stock pursuant to a rights offering whereby Eligible Holders shall be
offered the right to purchase in the aggregate 3,000,000 shares of New Series B
Preferred Stock at a purchase price of $100.00 per share.

     163. "Rights Offering Record Date" means the date established by the
Bankruptcy Court for determining holders of record of all Eligible General
Unsecured Claims.

     164. "Schedules" means the schedules of assets and liabilities and the
statement of financial affairs Filed by a Debtor on June 30, 2006, as required
by section 521 of the Bankruptcy Code, as the same may have been or may be
amended, modified or supplemented.

     165. "SEC" means the United States Securities and Exchange Commission.

     166. "Secondary Liability Claim" means a Claim that arises from a Debtor
being liable as a guarantor of, or otherwise being jointly, severally or
secondarily liable for, any contractual, tort, guaranty or other obligation of
another Debtor, including any Claim based on: (a) vicarious liability; (b)
liabilities arising out of piercing the corporate veil, alter ego liability or
similar legal theories; (c) guaranties of collection, payments or performance;
(d) indemnity bonds, obligations to indemnify or obligations to hold harmless;
(e) performance bonds; (f) contingent liabilities arising out of contractual
obligations or out of undertakings (including any assignment or transfer) with
respect to leases, operating agreements or other similar obligations made or
given by a Debtor or relating to the obligations or performance of another
Debtor; (g) several liability of a member of a consolidated (or equivalent)
group of corporations for Taxes of other members of the group or of the entire
group; or (h) any other joint or several liability, including Claims for
indemnification or contribution, that any Debtor may have in respect of any
obligation that is the basis of a Claim.

     167. "Section 510(b) Old Common Stock Claim" means any Claim against any of
the Debtors: (a) arising from rescission of a purchase or sale of Old Common
Stock; (b) for damages arising from the purchase or sale of Old Common Stock; or
(c) for reimbursement or contribution allowed under section 502 of the
Bankruptcy Code on account of such a Claim.

     168. "Secured Claim" means a Claim that is secured by a lien on property in
which an Estate has an interest or that is subject to setoff under section 553
of the Bankruptcy Code, to the extent of the value of the Claim holder's
interest in such Estate's interest in such property or to the extent of the
amount subject to setoff, as applicable, as determined pursuant to sections
506(a) and, if applicable, 1129(b) of the Bankruptcy Code.

     169. "Secured Tax Claim" means a Secured Claim arising out of a Debtor's
liability for any Tax.

     170. "Securities Act" means the Securities Act of 1933, as amended.

     171. "Stipulation of Amount and Nature of Claim" means a stipulation or
other agreement between a Debtor or Reorganized Debtor and a holder of a Claim
or Interest, that, prior to the Effective Date, is approved by the Bankruptcy
Court, or an agreed order of the Bankruptcy Court, establishing the amount and
nature of a Claim or Interest, including any agreements made pursuant to that
authority granted in the Order Establishing Claims Objection and Settlement
Procedures (Docket No. 4044), entered on November 9, 2006 or other orders of the
Bankruptcy Court. Any such stipulation or other agreement between a Reorganized
Debtor, in consultation with the Creditor Oversight Committee, and a holder of a
Claim or Interest executed after the Effective Date is not subject to

                                      -15-
<PAGE>
approval of the Bankruptcy Court; provided, however, that if the Creditor
Oversight Committee Files an objection to such stipulation or other agreement
within ten Business Days of receiving written notice of such stipulation or
other agreement, Bankruptcy Court approval will be required.

     172. "Subsidiary Debtor" means any Debtor other than Dana.

     173. "Subsidiary Debtor Equity Interests" means, as to a particular
Subsidiary Debtor, any Interests in such Debtor.

     174. "Supporting Creditor" means any holder of a General Unsecured Claim
that has (a) submitted an executed signature page to the Plan Support Agreement
to the Debtors or (b) executed a transferee acknowledgment in accordance with
the Plan Support Agreement.

     175. "Tax" means: (a) any net income, alternative or add-on minimum, gross
income, gross receipts, sales, use, ad valorem, value added, transfer,
franchise, profits, license, property, environmental or other tax, assessment or
charge of any kind whatsoever (together in each instance with any interest,
penalty, addition to tax or additional amount) imposed by any federal, state,
local or foreign taxing authority; or (b) any liability for payment of any
amounts of the foregoing types as a result of being a member of an affiliated,
consolidated, combined or unitary group, or being a party to any agreement or
arrangement whereby liability for payment of any such amounts is determined by
reference to the liability of any other entity.

     176. "Third Party Disbursing Agent" means an entity designated by a Debtor
or Reorganized Debtor, in consultation with the Creditors' Committee or Creditor
Oversight Committee (as applicable), to act as a Disbursing Agent pursuant to
Article VI.B.

     177. "Tort Claim" means any Claim, other than an Asbestos Personal Injury
Claim, that has not been settled, compromised or otherwise resolved that: (a)
arises out of allegations of personal injury, wrongful death, property damage,
products liability or similar legal theories of recovery; or (b) arises under
any federal, state or local statute, rule, regulation or ordinance governing,
regulating or relating to health, safety, hazardous substances or the
environment.

     178. "UAW" means the International Union, United Automobile, Aerospace and
Agricultural Implement Workers of America and its applicable affiliated
entities, including local unions.

     179. "UAW Settlement Agreement" means, collectively, the Settlement
Agreement between Dana Corporation and the International Union, UAW, dated July
5, 2007, and the exhibits thereto, approved by the Global Settlement Order, as
it may be amended, supplemented or modified.

     180. "UAW Union Retiree VEBA" means the VEBA established pursuant to the
UAW Settlement Agreement.

     181. "UAW Union Retiree VEBA Contribution" means the $465.3 million Cash
contribution to be made by the Reorganized Debtors to the UAW Union Retiree VEBA
pursuant to the UAW Settlement Agreement.

     182. "Uninsured Claim" means any Claim that is not an Insured Claim.

     183. "Union Claim" means the Claim of the Unions arising out of the Union
Settlement Agreements, asserted by the Unions in the aggregate amount of $1.1
billion.

     184. "Union Emergence Shares" means the shares of New Dana Holdco Common
Stock reserved by New Dana Holdco for issuance as emergence bonuses to employees
of the Unions in accordance with Appendix J to the Union Settlement Agreements
pursuant to Section III.E.

                                      -16-
<PAGE>
     185. "Union Fee Order" means the Order, Pursuant to Sections 105(a), 363
and 503(c)(3) of the Bankruptcy Code, Approving Amended Agreement for the
Payment of Certain Reasonable Fees and Expenses of Advisors to the Debtors'
Unions (Docket No. 5819), entered by the Bankruptcy Court on July 26, 2007.

     186. "Union Retiree Benefit Termination Date" means the later of January 1,
2008 or the Effective Date.

     187. "Union Settlement Agreements" means, collectively, the UAW Settlement
Agreement and the USW Settlement Agreement.

     188. "Unions" means, collectively, the UAW and USW.

     189. "United States Trustee" means the Office of the United States Trustee
for the Southern District of New York.

     190. "USW" means the United Steel, Paper and Forestry, Rubber,
Manufacturing, Energy, Allied Industrial and Service Workers International Union
and its applicable affiliated entities, including local unions.

     191. "USW Settlement Agreement" means the Settlement Agreement between Dana
Corporation and the United Steelworkers, dated July 5, 2007, and the exhibits
thereto, approved by the Global Settlement Order, as it may be amended,
supplemented or modified.

     192. "USW Union Retiree VEBA" means the VEBA established pursuant to the
USW Settlement Agreement.

     193. "USW Union Retiree VEBA Contribution" means the $298.7 million Cash
contribution to be made by the Reorganized Debtors to the USW Union Retiree VEBA
pursuant to the USW Settlement Agreement.

     194. "VEBA" means a voluntary employees' beneficiary association.

     195. "Voting Deadline" means the deadline for submitting Ballots to either
accept or reject the Plan in accordance with section 1126 of the Bankruptcy Code
that is specified in the Disclosure Statement, the Ballots or related
solicitation documents approved by the Bankruptcy Court.

     196. "Wholly-Owned and Majority-Owned Non-Debtor Affiliates Other than DCC"
means all wholly-owned and majority-owned non-debtor direct or indirect
subsidiaries of Dana other than DCC.

B.   RULES OF INTERPRETATION AND COMPUTATION OF TIME

     1.   RULES OF INTERPRETATION

          For  purposes of the Plan, unless otherwise provided herein: (a)
whenever from the context it is appropriate, each term, whether stated in the
singular or the plural, will include both the singular and the plural; (b)
unless otherwise provided in the Plan, any reference in the Plan to a contract,
instrument, release or other agreement or document being in a particular form or
on particular terms and conditions means that such document will be
substantially in such form or substantially on such terms and conditions; (c)
any reference in the Plan to an existing document or Exhibit Filed or to be
Filed means such document or Exhibit, as it may have been or may be amended,
modified or supplemented pursuant to the Plan, Confirmation Order or otherwise;
(d) any reference to an entity as a holder of a Claim or Interest includes that
entity's successors, assigns and affiliates; (e) all references in the Plan to
Sections, Articles and Exhibits are references to Sections, Articles and
Exhibits of or to the Plan; (f) the words "herein," "hereunder" and "hereto"
refer to the Plan in its entirety rather than to a particular portion of the
Plan; (g) captions and headings to Articles and Sections are inserted for
convenience of reference only and are not intended to be a part of or to affect
the interpretation of the Plan; (h) subject to the provisions of any contract,
articles or certificates of incorporation, bylaws, codes of regulation, similar
constituent documents, instrument, release or other agreement or document
entered into or delivered in connection with the Plan, the rights and

                                      -17-
<PAGE>
obligations arising under the Plan will be governed by, and construed and
enforced in accordance with, federal law, including the Bankruptcy Code and the
Bankruptcy Rules; and (i) the rules of construction set forth in section 102 of
the Bankruptcy Code will apply to the extent not inconsistent with any other
provision of this Section I.B.1.

     2.   COMPUTATION OF TIME

          In   computing any period of time prescribed or allowed by the Plan,
the provisions of Bankruptcy Rule 9006(a) will apply.

                                   ARTICLE II.
              CLASSIFICATION AND TREATMENT OF CLAIMS AND INTERESTS;
                CRAMDOWN; EXECUTORY CONTRACTS & UNEXPIRED LEASES

          All  Claims and Interests, except Administrative Claims and Priority
Tax Claims, are placed in the following Classes. In accordance with section
1123(a)(1) of the Bankruptcy Code, Administrative Claims and Priority Tax
Claims, as described in Section II.A, have not been classified and thus are
excluded from the following Classes. A Claim or Interest is classified in a
particular Class only to the extent that the Claim or Interest qualifies within
the description of that Class and is classified in other Classes to the extent
that any remainder of the Claim or Interest qualifies within the description of
such other Classes.

A.   UNCLASSIFIED CLAIMS

     1.   PAYMENT OF ADMINISTRATIVE CLAIMS

          a.   ADMINISTRATIVE CLAIMS IN GENERAL

          Except as specified in this Section II.A.1, and subject to the bar
date provisions herein, unless otherwise agreed by the holder of an
Administrative Claim and the applicable Debtor or Reorganized Debtor, or unless
an order of the Bankruptcy Court provides otherwise, each holder of an Allowed
Administrative Claim will receive, in full satisfaction of its Administrative
Claim, Cash equal to the amount of such Allowed Administrative Claim either (i)
on the Effective Date or (ii) if the Administrative Claim is not allowed as of
the Effective Date, 30 days after the date on which an order allowing such
Administrative Claim becomes a Final Order or a Stipulation of Amount and Nature
of Claim is executed by the applicable Reorganized Debtor and the holder of the
Administrative Claim.

          b.   STATUTORY FEES

          On   or before the Effective Date, Administrative Claims for fees
payable pursuant to 28 U.S.C. Section 1930 will be paid in Cash equal to the
amount of such Administrative Claims. All fees payable pursuant to 28 U.S.C.
Section 1930 after the Effective Date will be paid by the applicable Reorganized
Debtor in accordance therewith until the closing of the Chapter 11 Cases
pursuant to section 350(a) of the Bankruptcy Code.

          c.   ORDINARY COURSE LIABILITIES

          Allowed Administrative Claims based on liabilities incurred by a
Debtor in the ordinary course of its business, including Administrative Claims
arising from or with respect to the sale of goods or provision of services on or
after the Petition Date in the ordinary course of the applicable Debtor's
business, Administrative Claims of governmental units for Taxes (including Tax
audit Claims related to Tax years or portions thereof ending after the Petition
Date), Administrative Claims arising from those contracts and leases of the kind
described in Section II.E.4 and Intercompany Claims that are Administrative
Claims, will be paid by the applicable Reorganized Debtor, pursuant to the terms
and conditions of the particular transaction giving rise to those Administrative
Claims, without further action by the holders of such Administrative Claims or
further approval by the Bankruptcy Court.

                                      -18-
<PAGE>
          d.   CLAIMS UNDER THE DIP CREDIT AGREEMENT

          Unless otherwise agreed by the DIP Lenders pursuant to the DIP Credit
Agreement, on or before the Effective Date, DIP Lender Claims that are Allowed
Administrative Claims will be paid in Cash equal to the amount of those Allowed
Administrative Claims.

          e.   ADMINISTRATIVE CLAIMS OF APPALOOSA AND THE STANDBY PURCHASERS

          Unless otherwise agreed by the Debtors or Reorganized Debtors,
Appaloosa and the Standby Purchasers, any Administrative Claims of Appaloosa or
a Standby Purchaser arising under the Appaloosa Investment Agreement (as
approved by the Appaloosa Approval Order) will be paid by the Reorganized
Debtors in the ordinary course of their businesses without further action by
Appaloosa or the Standby Purchasers or further approval by the Bankruptcy Court.

          f.   CONTRIBUTION TO NON-UNION RETIREE VEBA

          On   the Effective Date, the Reorganized Debtors will make the
Remaining Non-Union Retiree VEBA Contribution.

          g.   SPECIAL PROVISIONS REGARDING THE CLAIMS OF THE INDENTURE TRUSTEE

          In   full satisfaction of the Indenture Trustee's Claims for
reasonable fees and expenses payable pursuant to the terms of the Indentures,
subject to the terms and conditions of this Section II.A.1.g, the Indenture
Trustee will receive from the Reorganized Debtors Cash equal to the amount of
such Claims; provided that such Cash Payment shall not exceed $[   ]. Any
charging lien held by the Indenture Trustee against distributions to Bondholders
on account of Bondholder Claims will be deemed released upon payment of such
Claims. To receive payment pursuant to this Section II.A.1.g, the Indenture
Trustee shall provide reasonable detail in support of its Claims to the parties
identified in Section X.F no later than ten days after the Effective Date. Such
parties shall have the right to File objections to such Claims based on a
"reasonableness" standard within 20 days after receipt of supporting
documentation. The Reorganized Debtors shall pay any such Claims by the later of
(i) 30 days after the receipt of supporting documentation from the Indenture
Trustee, or (ii) ten Business Days after the resolution of any objections to the
Claims of the Indenture Trustee. Distributions received by Bondholders on
account of Allowed Bondholder Claims pursuant to the Plan will not be reduced on
account of the payment of the Indenture Trustee's Claims.

          h.   BAR DATES FOR ADMINISTRATIVE CLAIMS

               i.   GENERAL BAR DATE PROVISIONS

          Except as otherwise provided in Section II.A.1.h.ii or in a Bar Date
Order or other order of the Bankruptcy Court, unless previously Filed, requests
for payment of Administrative Claims must be Filed and served on the Notice
Parties pursuant to the procedures specified in the Confirmation Order and the
notice of entry of the Confirmation Order, no later than 30 days after the
Effective Date. Holders of Administrative Claims that are required to File and
serve a request for payment of such Administrative Claims and that do not File
and serve such a request by the applicable Bar Date will be forever barred from
asserting such Administrative Claims against the Debtors, the Reorganized
Debtors or their respective property, and such Administrative Claims will be
deemed discharged as of the Effective Date. Objections to such requests must be
Filed and served on the Notice Parties and the requesting party by the later of
(A) 150 days after the Effective Date, (B) 60 days after the Filing of the
applicable request for payment of Administrative Claims or (C) such other period
of limitation as may be specifically fixed by a Final Order for objecting to
such Administrative Claims.

                                      -19-
<PAGE>
               ii.  BAR DATES FOR CERTAIN ADMINISTRATIVE CLAIMS

                    A.   PROFESSIONAL COMPENSATION

          Professionals or other entities asserting a Fee Claim for services
rendered before the Effective Date must File and serve on the Notice Parties and
such other entities who are designated by the Bankruptcy Rules, the Fee Order,
the Confirmation Order or other order of the Bankruptcy Court an application for
final allowance of such Fee Claim no later than 60 days after the Effective
Date; provided, however, that any professional who may receive compensation or
reimbursement of expenses pursuant to the Ordinary Course Professionals Order
may continue to receive such compensation and reimbursement of expenses for
services rendered before the Effective Date pursuant to the Ordinary Course
Professionals Order without further Bankruptcy Court review or approval (except
as provided in the Ordinary Course Professionals Order). Objections to any Fee
Claim must be Filed and served on the Notice Parties and the requesting party by
the later of (1) 90 days after the Effective Date, (2) 30 days after the Filing
of the applicable request for payment of the Fee Claim or (3) such other period
of limitation as may be specifically fixed by a Final Order for objecting to
such Fee Claims. To the extent necessary, the Confirmation Order will amend and
supersede any previously entered order of the Bankruptcy Court regarding the
payment of Fee Claims; provided, however, that Fee Claims Filed by Union
Professionals will continue to be governed by, and paid in accordance with, the
Union Fee Order.

                    B.   ORDINARY COURSE LIABILITIES

          Holders of Administrative Claims arising from liabilities incurred by
a Debtor in the ordinary course of its business on or after the Petition Date,
including Administrative Claims arising from or with respect to the sale of
goods or provision of services on or after the Petition Date in the ordinary
course of the applicable Debtor's business, Administrative Claims of
governmental units for Taxes (including Tax audit Claims related to Tax years or
portions thereof ending after the Petition Date), Administrative Claims arising
from those contracts and leases of the kind described in Section II.E.4 and
Intercompany Claims that are Administrative Claims, will not be required to File
or serve any request for payment of such Administrative Claims. Such
Administrative Claims will be satisfied pursuant to Section II.A.1.c. Any
Administrative Claims that are filed contrary to this Section II.A.1.h.ii.B
shall be deemed disallowed and expunged, subject to resolution and satisfaction
in the ordinary course outside these Chapter 11 Cases.

                    C.   CLAIMS UNDER THE DIP CREDIT AGREEMENT AND RELATED
                         ORDERS

          Holders of Administrative Claims on account of DIP Lender Claims will
not be required to File or serve any request for payment or application for
allowance of such Claims. Such Administrative Claims will be satisfied pursuant
to Section II.A.1.d.

                    D.   ADMINISTRATIVE CLAIMS OF APPALOOSA AND THE STANDBY
                         PURCHASERS

          Appaloosa and the Standby Purchasers will not be required to File or
serve any request for payment or application for allowance of its Administrative
Claims, if any, arising under the Appaloosa Investment Agreement (as approved by
the Appaloosa Approval Order). Such Administrative Claims will be satisfied
pursuant to Section II.A.1.e.

               iii. NO MODIFICATION OF BAR DATE ORDER

          The  Plan does not modify any Bar Date Order already in place,
including Bar Dates for Claims entitled to administrative priority under section
503(b)(9) of the Bankruptcy Code.

                                      -20-
<PAGE>
     2.   PAYMENT OF PRIORITY TAX CLAIMS

          a.   PRIORITY TAX CLAIMS

          Pursuant to section 1129(a)(9)(C) of the Bankruptcy Code, unless
otherwise agreed by the holder of a Priority Tax Claim and the applicable Debtor
or Reorganized Debtor, each holder of an Allowed Priority Tax Claim will
receive, in full satisfaction of its Priority Tax Claim, Cash equal to the
amount of such Allowed Priority Tax Claim either (i) on the Effective Date or
(ii) if the Priority Tax Claim is not allowed as of the Effective Date, 30 days
after the date on which an order allowing such Priority Tax Claim becomes a
Final Order or a Stipulation of Amount and Nature of Claim is executed by the
applicable Reorganized Debtor and the holder of the Priority Tax Claim.

          b.   OTHER PROVISIONS CONCERNING TREATMENT OF PRIORITY TAX CLAIMS

          Notwithstanding the provisions of Section II.A.2.a or Section I.A.175,
the holder of an Allowed Priority Tax Claim will not be entitled to receive any
payment on account of any penalty arising with respect to or in connection with
the Allowed Priority Tax Claim. Any such Claim or demand for any such penalty
will be subject to treatment in Classes 5A or 5F, as applicable, if not
subordinated to Class 5A or 5F Claims pursuant to an order of the Bankruptcy
Court. The holder of an Allowed Priority Tax Claim will not assess or attempt to
collect such penalty from the Debtors, Reorganized Debtors or their respective
property (other than as a holder of a Class 5A or 5F Claim).

B.   CLASSIFIED CLAIMS AND INTERESTS

     1.   Priority Claims Against the Consolidated Debtors (Class 1A Claims) are
unimpaired. On the Effective Date, each holder of an Allowed Claim in Class 1A
will receive Cash equal to the amount of such Allowed Claim, unless the holder
of such Priority Claim and the applicable Debtor or Reorganized Debtor agree to
a different treatment.

     2.   Priority Claims Against EFMG (Class 1B Claims) are unimpaired. On the
Effective Date, each holder of an Allowed Claim in Class 1B will receive Cash
equal to the amount of such Allowed Claim, unless the holder of such Priority
Claim and EFMG or Reorganized EFMG agree to a different treatment.

     3.   Secured Claims Against the Consolidated Debtors Other Than the Port
Authority Secured Claim (Class 2A Claims) are unimpaired. On the Effective Date,
unless otherwise agreed by a Claim holder and the applicable Debtor or
Reorganized Debtor, each holder of an Allowed Claim in Class 2A will receive
treatment on account of such Allowed Secured Claim in the manner set forth in
Option A, B or C below, at the election of the applicable Debtor. The applicable
Debtor will be deemed to have elected Option B except with respect to (a) any
Allowed Secured Claim as to which the applicable Debtor elects either Option A
or Option C in one or more certifications Filed prior to the conclusion of the
Confirmation Hearing and (b) any Allowed Secured Tax Claim, with respect to
which the applicable Debtor will be deemed to have elected Option A.

     Option A: On the Effective Date, Allowed Claims in Class 2A with respect to
     which the applicable Debtor elects Option A will receive Cash equal to the
     amount of such Allowed Claim.

     Option B: On the Effective Date, Allowed Claims in Class 2A with respect to
     which the applicable Debtor elects or is deemed to have elected Option B
     will be Reinstated.

     Option C: On the Effective Date, a holder of an Allowed Claim in Class 2A
     with respect to which the applicable Debtor elects Option C will be
     entitled to receive (and the applicable Debtor or Reorganized Debtor shall
     release and transfer to such holder) the collateral securing such Allowed
     Claim.

     Notwithstanding either the foregoing or Section I.A.175, the holder of an
Allowed Secured Tax Claim in Class 2A will not be entitled to receive any
payment on account of any penalty arising with respect to or in connection with
such Allowed Secured Tax Claim. Any such Claim or demand for any such penalty
will be subject

                                      -21-
<PAGE>
to treatment in Class 5F, if not subordinated to Class 5F Claims pursuant to an
order of the Bankruptcy Court. The holder of an Allowed Secured Tax Claim will
not assess or attempt to collect such penalty from the Debtors, Reorganized
Debtors or their respective property (other than as a holder of a Class 5F
Claim).

     4.   Secured Claims Against EFMG (Class 2B Claims) are unimpaired. On the
Effective Date, unless otherwise agreed by a Claim holder and EFMG or
Reorganized EFMG, each holder of an Allowed Claim in Class 2B will receive
treatment on account of such Allowed Secured Claim in the manner set forth in
Option A, B or C below, at the election of EFMG. EFMG will be deemed to have
elected Option B except with respect to (a) any Allowed Secured Claim as to
which EFMG elects either Option A or Option C in one or more certifications
Filed prior to the conclusion of the Confirmation Hearing and (b) any Allowed
Secured Tax Claim, with respect to which EFMG will be deemed to have elected
Option A.

     Option A: On the Effective Date, Allowed Claims in Class 2B with respect to
     which EFMG elects Option A will receive Cash equal to the amount of such
     Allowed Claim.

     Option B: On the Effective Date, Allowed Claims in Class 2B with respect to
     which EFMG elects or is deemed to have elected Option B will be Reinstated.

     Option C: On the Effective Date, a holder of an Allowed Claim in Class 2B
     with respect to which EFMG elects Option C will be entitled to receive (and
     EFMG or Reorganized EFMG shall release and transfer to such holder) the
     collateral securing such Allowed Claim.

     Notwithstanding either the foregoing or Section I.A.175, the holder of an
Allowed Secured Tax Claim in Class 2B will not be entitled to receive any
payment on account of any penalty arising with respect to or in connection with
such Allowed Secured Tax Claim. Any such Claim or demand for any such penalty
will be subject to treatment in Class 5A, if not subordinated to Class 5A Claims
pursuant to an order of the Bankruptcy Court. The holder of an Allowed Secured
Tax Claim will not assess or attempt to collect such penalty from the Debtors,
Reorganized Debtors or their respective property (other than as a holder of a
Class 5A Claim).

     5.   Port Authority Secured Claim (Class 2C Claim) is impaired. In
accordance with and subject to the terms of the Port Authority Settlement
Agreement, on or as soon as practicable after the Effective Date, the Port
Authority Secured Claim will be satisfied by: (a) Reorganized Torque-Traction
Technologies, LLC entering into and assuming as amended the Port Authority Lease
in the form attached to the Port Authority Settlement Agreement as Exhibit 1;
(b) New Dana Holdco executing and delivering an amended guaranty in the form
attached to the Port Authority Settlement Agreement as Exhibit 2; and (c)
Reorganized Torque-Traction Technologies, LLC and New Dana Holdco executing and
delivering any other agreements necessary to implement the Port Authority
Settlement Agreement.

     6.   Asbestos Personal Injury Claims (Class 3 Claims) are unimpaired. On
the Effective Date, the Asbestos Personal Injury Claims will be Reinstated.

     7.   Convenience Claims Against the Consolidated Debtors (Class 4 Claims)
are unimpaired. On the Effective Date, each holder of an Allowed Convenience
Claim will receive Cash equal to the amount of such Allowed Claims (as reduced,
if applicable, pursuant to an election by the holder thereof in accordance with
Section I.A.55).

     8.   General Unsecured Claims Against EFMG (Class 5A Claims) are
unimpaired. On the Effective Date, each holder of an Allowed General Unsecured
Claim against EFMG will receive Cash equal to the amount of such Allowed Claim.

     9.   5.85% Bond Claims (Class 5B Claims) are impaired. In full satisfaction
of its Allowed Claim, each holder of an Allowed Claim in Class 5B will receive
(a)(i) on the Effective Date, its Pro Rata share, based upon the principal
amount of each holder's Allowed Claim, of the Distributable Shares of New Dana
Holdco Common Stock and the Distributable Excess Minimum Cash; and/or (ii) after
the Effective Date, such periodic distributions of Reserved Shares and Reserved
Excess Minimum Cash as are set forth in Section VI.F.4.b; and (b) on the Rights

                                      -22-
<PAGE>
Offering Record Date, to the extent such Claim is an Eligible General Unsecured
Claim, its Pro Rata share, based upon the principal amount of each holder's
Eligible General Unsecured Claim, of Rights.

     10.  6.5% and 7% Bond Claims (Class 5C Claims) are impaired. In full
satisfaction of its Allowed Claim, each holder of an Allowed Claim in Class 5C
will receive (a)(i) on the Effective Date, its Pro Rata share, based upon the
principal amount of each holder's Allowed Claim, of the Distributable Shares of
New Dana Holdco Common Stock and the Distributable Excess Minimum Cash; and/or
(ii) after the Effective Date, such periodic distributions of Reserved Shares
and Reserved Excess Minimum Cash as are set forth in Section VI.F.4.b; and (b)
on the Rights Offering Record Date, to the extent such Claim is an Eligible
General Unsecured Claim, its Pro Rata share, based upon the principal amount of
each holder's Eligible General Unsecured Claim, of Rights.

     11.  9% Bond Claims (Class 5D Claims) are impaired. In full satisfaction of
its Allowed Claim, each holder of an Allowed Claim in Class 5D will receive
(a)(i) on the Effective Date, its Pro Rata share, based upon the principal
amount of each holder's Allowed Claim, of the Distributable Shares of New Dana
Holdco Common Stock and the Distributable Excess Minimum Cash; and/or (ii) after
the Effective Date, such periodic distributions of Reserved Shares and Reserved
Excess Minimum Cash as are set forth in Section VI.F.4.b; and (b) on the Rights
Offering Record Date, to the extent such Claim is an Eligible General Unsecured
Claim, its Pro Rata share, based upon the principal amount of each holder's
Eligible General Unsecured Claim, of Rights.

     12.  10.125% Bond Claims (Class 5E Claims) are impaired. In full
satisfaction of its Allowed Claim, each holder of an Allowed Claim in Class 5E
will receive (a)(i) on the Effective Date, its Pro Rata share, based upon the
principal amount of each holder's Allowed Claim, of the Distributable Shares of
New Dana Holdco Common Stock and the Distributable Excess Minimum Cash; and/or
(ii) after the Effective Date, such periodic distributions of Reserved Shares
and Reserved Excess Minimum Cash as are set forth in Section VI.F.4.b; and (b)
on the Rights Offering Record Date, to the extent such Claim is an Eligible
General Unsecured Claim, its Pro Rata share, based upon the principal amount of
each holder's Eligible General Unsecured Claim, of Rights.

     13.  Other General Unsecured Claims Against the Consolidated Debtors (Class
5F Claims) are impaired. In full satisfaction of its Allowed Claim, each holder
of an Allowed Claim in Class 5F will receive (a)(i) on the Effective Date, its
Pro Rata share, based upon the principal amount of each holder's Allowed Claim,
of the Distributable Shares of New Dana Holdco Common Stock and the
Distributable Excess Minimum Cash; and/or (ii) after the Effective Date, such
periodic distributions of Reserved Shares and Reserved Excess Minimum Cash as
are set forth in Section VI.F.4.b; and (b) on the Rights Offering Record Date,
to the extent such Claim is an Eligible General Unsecured Claim, its Pro Rata
share, based upon the principal amount of each holder's Eligible General
Unsecured Claim, of Rights.

     14.  Union Claim (Class 5G Claim) is impaired. On the Effective Date, in
full satisfaction of the Union Claim, the Debtors will make the UAW Retiree VEBA
Contribution and the USW Retiree VEBA Contribution.

     15.  Prepetition Intercompany Claims (Class 6A Claims) are impaired. On the
Effective Date, Prepetition Intercompany Claims in Class 6A that are not
eliminated by operation of law in the Restructuring Transactions will be deemed
settled and compromised in exchange for the consideration and other benefits
provided to the holders of Prepetition Intercompany Claims and not entitled to
any distribution of Plan consideration under the Plan. Each holder of a Class 6A
Claim will be deemed to have accepted the Plan.

     16.  Claims of Wholly-Owned and Majority-Owned Non-Debtor Affiliates Other
than DCC (Class 6B Claims) are unimpaired. On the Effective Date, Claims of
Wholly-Owned and Majority-Owned Non-Debtor Affiliates Other than DCC against the
Debtors will be Reinstated.

     17.  DCC Claim (Class 6C Claim) is impaired. On the Effective Date, in full
satisfaction of the DCC Claim, the Reorganized Debtors will satisfy in Cash
DCC's outstanding liability under the DCC Bonds.

     18.  Old Common Stock of Dana (Class 7A Interests) are impaired. On the
Effective Date, the Old Common Stock of Dana and all Interests related thereto
will be canceled, and each holder of an Allowed Interest in

                                      -23-
<PAGE>
Class 7A will receive, in full satisfaction of such Allowed Interest, a
contingent, residual interest in the Disputed Unsecured Claims Reserve Assets
that will entitle each holder of an Allowed Interest in Class 7A to receive, to
the extent holders of Allowed Claims in Classes 5B, 5C, 5D, 5E and 5F have been
paid in full plus Postpetition Interest, its Pro Rata share, based upon the
number of shares of Old Common Stock of Dana (a) owned by the holder on the
Distribution Record Date and (b) to which the holder would have been entitled
upon the conversion of any related Interests owned on the Distribution Record
Date and taking into account Allowed Claims in Class 7B, of any remaining
Disputed Unsecured Claims Reserve Assets.

     19.  Section 510(b) Old Common Stock Claims Against the Consolidated
Debtors (Class 7B Claims) are impaired. Holders of Section 510(b) Old Common
Stock Claims in Class 7B will receive, in full satisfaction of such Allowed
Claim, a contingent, residual interest in the Disputed Unsecured Claims Reserve
Assets that will entitle each holder of an Allowed Claim in Class 7B to receive,
to the extent holders of Allowed Claims in Classes 5B, 5C, 5D, 5E and 5F have
been paid in full plus Postpetition Interest, its Pro Rata share (taking into
account Allowed Interests in Class 7A) of any remaining Disputed Unsecured
Claims Reserve Assets.

     20.  Subsidiary Debtor Equity Interests (Class 8 Interests) are unimpaired.
On the Effective Date, the Subsidiary Debtor Equity Interests will be
Reinstated, subject to the Restructuring Transactions.

C.   SPECIAL PROVISIONS REGARDING THE TREATMENT OF ALLOWED SECONDARY LIABILITY
     CLAIMS; MAXIMUM RECOVERY

          The  classification and treatment of Allowed Claims under the Plan
take into consideration all Allowed Secondary Liability Claims. On the Effective
Date, Allowed Secondary Liability Claims will be treated as follows:

     1.   The Allowed Secondary Liability Claims arising from or related to any
Debtor's joint or several liability for the obligations under any Executory
Contract or Unexpired Lease that is being assumed or deemed assumed by another
Debtor or under any Executory Contract or Unexpired Lease that is being assumed
by and assigned to another Debtor will be Reinstated.

     2.   Except as provided in Section II.C.1, holders of Allowed Secondary
Liability Claims against any Consolidated Debtor will be entitled to only one
Distribution in respect of such Allowed Secondary Liability Claim and will be
deemed satisfied in full by the Distributions on account of the related
underlying Allowed Claim. No multiple recovery on account of any Allowed Claim
against any Consolidated Debtor will be provided or permitted.

     3.   Notwithstanding any provision hereof to the contrary, holders of
Allowed Secondary Liability Claims against a Consolidated Debtor and EFMG may
not receive in the aggregate from all Debtors more than 100% of the value of the
underlying Claim giving rise to such multiple Claims.

D.   CONFIRMATION WITHOUT ACCEPTANCE BY ALL IMPAIRED CLASSES

          The  Debtors request Confirmation under section 1129(b) of the
Bankruptcy Code with respect to any impaired Class that has not accepted or is
deemed not to have accepted the Plan pursuant to section 1126 of the Bankruptcy
Code.

E.   TREATMENT OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES

     1.   EXECUTORY CONTRACTS AND UNEXPIRED LEASES TO BE ASSUMED

          a.   ASSUMPTION AND ASSIGNMENT GENERALLY

          Except as otherwise provided in the Plan, in any contract, instrument,
release or other agreement or document entered into in connection with the Plan
or in a Final Order of the Bankruptcy Court, or as requested in any motion Filed
on or prior to the Effective Date, on the Effective Date, pursuant to section
365 of the Bankruptcy Code, the applicable Debtor or Debtors will assume or
assume and assign, as indicated, each Executory Contract or

                                      -24-
<PAGE>
Unexpired Lease listed on Exhibit II.E.1.a; provided, however, that the Debtors
and Reorganized Debtors reserve the right, at any time on or prior to the
Effective Date, to amend Exhibit II.E.1.a to: (i) delete any Executory Contract
or Unexpired Lease listed therein, thus providing for its rejection pursuant to
Section II.E.5; or (ii) add any Executory Contract or Unexpired Lease thereto,
thus providing for its assumption or assumption and assignment pursuant to this
Section II.E.1.a. The Debtors or Reorganized Debtors, as applicable, will
provide notice of any amendments to Exhibit II.E.1.a to the parties to the
Executory Contracts or Unexpired Leases affected thereby and to the parties on
the then-applicable service list in the Chapter 11 Cases. Each contract and
lease listed on Exhibit II.E.1.a will be assumed only to the extent that any
such contract or lease constitutes an Executory Contract or Unexpired Lease.
Listing a contract or lease on Exhibit II.E.1.a will not constitute an admission
by a Debtor or Reorganized Debtor that such contract or lease (including any
related agreements as described in Section II.E.1.b) is an Executory Contract or
Unexpired Lease or that a Debtor or Reorganized Debtor has any liability
thereunder.

          b.   ASSUMPTIONS AND ASSIGNMENTS OF ANCILLARY AGREEMENTS

          Each Executory Contract or Unexpired Lease listed on Exhibit II.E.1.a
will include any modifications, amendments, supplements, restatements or other
agreements made directly or indirectly by any agreement, instrument or other
document that in any manner affects such contract or lease, irrespective of
whether such agreement, instrument or other document is listed on Exhibit
II.E.1.a, unless any such modification, amendment, supplement, restatement or
other agreement is rejected pursuant to Section II.E.5 or designated for
rejection in accordance with Section II.E.2.

          c.   JOINT VENTURE AGREEMENTS

          The  joint venture agreements listed on Exhibit II.E.1.c shall be
deemed assumed and assigned to New Dana Holdco in accordance with the provisions
and requirements of sections 365 and 1123 of the Bankruptcy Code as of the
Effective Date.

          d.   CUSTOMER AGREEMENTS

          To   the extent (i) the Debtors are party to any contract, purchase
order or similar agreement providing for the sale of the Debtors' products or
services, (ii) any such agreement constitutes an Executory Contract or Unexpired
Lease and (iii) such agreement (A) has not been rejected pursuant to a Final
Order of the Bankruptcy Court, (B) is not subject to a pending motion for
reconsideration or appeal of an order authorizing the rejection of such
Executory Contract or Unexpired Lease, (C) is not subject to a motion to reject
such Executory Contract or Unexpired Lease Filed on or prior to the Effective
Date, (D) is not listed on Exhibit II.E.5 or (E) has not been designated for
rejection in accordance with Section II.E.5, such agreement (including any
related agreements as described in Section II.E.1.b), purchase order or similar
agreement will be deemed assumed and assigned to New Dana Holdco in accordance
with the provisions and requirements of sections 365 and 1123 of the Bankruptcy
Code as of the Effective Date. Listing a contract, purchase order or similar
agreement providing for the sale of the Debtors' products or services on Exhibit
II.E.5 will not constitute an admission by a Debtor or Reorganized Debtor that
such agreement (including related agreements as described in Section II.E.1.b)
is an Executory Contract or Unexpired Lease or that a Debtor or Reorganized
Debtor has any liability thereunder.

     2.   APPROVAL OF ASSUMPTIONS AND ASSIGNMENTS; ASSIGNMENTS RELATED TO
RESTRUCTURING TRANSACTIONS

          The  Confirmation Order will constitute an order of the Bankruptcy
Court approving the assumption (including any related assignment resulting from
the Restructuring Transactions or otherwise) of Executory Contracts or Unexpired
Leases pursuant to Section II.E as of the Effective Date, except for Executory
Contracts or Unexpired Leases that (a) have been rejected pursuant to a Final
Order of the Bankruptcy Court, (b) are subject to a pending motion for
reconsideration or appeal of an order authorizing the rejection of such
Executory Contract or Unexpired Lease, (c) are subject to a motion to reject
such Executory Contract or Unexpired Lease Filed on or prior to the Effective
Date, (d) are rejected pursuant to Section II.E.5 or (e) are designated for
rejection in accordance with the last sentence of this paragraph. An order of
the Bankruptcy Court entered on or prior to the Confirmation Date will specify
the procedures for providing notice to each party whose Executory Contract or
Unexpired Lease is being assumed pursuant to the Plan of: (a) the contract or
lease being assumed; (b) the Cure

                                      -25-
<PAGE>
Amount Claim, if any, that the applicable Debtor believes it would be obligated
to pay in connection with such assumption; (c) any assignment of an Executory
Contract or Unexpired Lease (pursuant to the Restructuring Transactions or
otherwise); and (d) the procedures for such party to object to the assumption of
the applicable Executory Contract or Unexpired Lease, the amount of the proposed
Cure Amount Claim or any assignment of an Executory Contract or Unexpired Lease.
As of the effective time of an applicable Restructuring Transaction, any
Executory Contract or Unexpired Lease to be held by any Debtor or Reorganized
Debtor and assumed hereunder or otherwise in the Chapter 11 Cases will be deemed
assigned to the surviving, resulting or acquiring corporation in the applicable
Restructuring Transaction, pursuant to section 365 of the Bankruptcy Code. If an
objection to a proposed assumption, assumption and assignment or Cure Amount
Claim is not resolved in favor of the Debtors or the Reorganized Debtors, the
applicable Executory Contract or Unexpired Lease may be designated by the
Debtors or the Reorganized Debtors for rejection, which shall be deemed
effective as of the Effective Date.

     3.   PAYMENTS RELATED TO THE ASSUMPTION OF EXECUTORY CONTRACTS OR UNEXPIRED
LEASES

          To   the extent that such Claims constitute monetary defaults, the
Cure Amount Claims associated with each Executory Contract or Unexpired Lease to
be assumed pursuant to the Plan will be satisfied, pursuant to section 365(b)(1)
of the Bankruptcy Code, at the option of the applicable Debtor or Reorganized
Debtor: (a) by payment of the Cure Amount Claim in Cash on the Effective Date or
(b) on such other terms as are agreed to by the parties to such Executory
Contract or Unexpired Lease. If there is a dispute regarding: (a) the amount of
any Cure Amount Claim, (b) the ability of the applicable Reorganized Debtor or
any assignee to provide "adequate assurance of future performance" (within the
meaning of section 365 of the Bankruptcy Code) under the contract or lease to be
assumed or (c) any other matter pertaining to the assumption of such contract or
lease, the payment of any Cure Amount Claim required by section 365(b)(1) of the
Bankruptcy Code will be made within 30 days following the entry of a Final Order
or the execution of a Stipulation of Amount and Nature of Claim resolving the
dispute and approving the assumption.

     4.   CONTRACTS AND LEASES ENTERED INTO AFTER THE PETITION DATE

          Contracts, leases and other agreements entered into after the Petition
Date by a Debtor, including, without limitation, the Union Settlement Agreements
and any Executory Contracts or Unexpired Leases assumed by a Debtor, will be
performed by such Debtor or Reorganized Debtor in the ordinary course of its
business, as applicable. Accordingly, such contracts and leases (including any
assumed Executory Contracts or Unexpired Leases) will survive and remain
unaffected by entry of the Confirmation Order.

     5.   REJECTION OF EXECUTORY CONTRACTS AND UNEXPIRED LEASES

          On   the Effective Date, except for an Executory Contract or Unexpired
Lease that was previously assumed, assumed and assigned or rejected by an order
of the Bankruptcy Court or that is assumed pursuant to Section II.E (including
any related agreements assumed pursuant to Section II.E.1.b), each Executory
Contract or Unexpired Lease entered into by a Debtor prior to the Petition Date
that has not previously expired or terminated pursuant to its own terms will be
rejected pursuant to section 365 of the Bankruptcy Code. The Executory Contracts
or Unexpired Leases to be rejected will include the Executory Contracts or
Unexpired Leases listed on Exhibit II.E.5. Each contract and lease listed on
Exhibit II.E.5 will be rejected only to the extent that any such contract or
lease constitutes an Executory Contract or Unexpired Lease. Listing a contract
or lease on Exhibit II.E.5 will not constitute an admission by a Debtor or
Reorganized Debtor that such contract or lease (including related agreements as
described in Section II.E.1.b) is an Executory Contract or Unexpired Lease or
that a Debtor or Reorganized Debtor has any liability thereunder. Any Executory
Contract or Unexpired Lease not listed on Exhibit II.E.1.a and not previously
assumed, assumed and assigned or rejected by an order of the Bankruptcy Court
will be deemed rejected irrespective of whether such contract is listed on
Exhibit II.E.5. The Confirmation Order will constitute an order of the
Bankruptcy Court approving such rejections, pursuant to section 365 of the
Bankruptcy Code, as of the later of: (a) the Effective Date; or (b) the
resolution of any objection to the proposed rejection of an Executory Contract
or Unexpired Lease. Any Claims arising from the rejection of any Executory
Contract or Unexpired Lease will be treated as a Class 5A Claim or Class 5F
Claim, as applicable (General Unsecured Claims), subject to the provisions of
section 502 of the Bankruptcy Code.

                                      -26-
<PAGE>
     6.   BAR DATE FOR REJECTION DAMAGES

          Except as otherwise provided in a Final Order of the Bankruptcy Court
approving the rejection of an Executory Contract or Unexpired Lease, Claims
arising out of the rejection of an Executory Contract or Unexpired Lease must be
Filed with the Bankruptcy Court on or before the later of: (a) 30 days after the
Effective Date or (b) 20 days after such Executory Contract or Unexpired Lease
is rejected pursuant to a Final Order or designated for rejection in accordance
with Section II.E.2. Any Claims not Filed within such applicable time periods
will be forever barred from receiving a distribution from the Debtors, the
Reorganized Debtors or the Estates.

     7.   SPECIAL EXECUTORY CONTRACT AND UNEXPIRED LEASE ISSUES

          a.   OBLIGATIONS TO INDEMNIFY DIRECTORS, OFFICERS AND EMPLOYEES

               i.   Prior to the Effective Date, Dana shall make arrangements to
continue liability and fiduciary (including ERISA) insurance for the benefit of
its directors, officers and employees for the period from and after the
Effective Date, and, prior to the Effective Date, shall fully pay the annual
premium for such insurance. With respect to its pre-Effective Date officers and
directors' liability insurance, Dana shall obtain and pay for a run-off policy
continuing existing policy limits on substantially the same terms and conditions
as existing officers and directors' liability policies, for a term of six years,
and providing coverage to all parties covered by policies in effect during the
pendency of the cases.

               ii.  The obligations of each Debtor or Reorganized Debtor to
indemnify any person who was serving as one of its directors, officers or
employees on or after February 28, 2006 by reason of such person's prior or
future service in such a capacity or as a director, officer or employee of
another corporation, partnership or other legal entity, to the extent provided
in the applicable certificates of incorporation, bylaws or similar constituent
documents, by statutory law or by written agreement, policies or procedures of
or with such Debtor or Reorganized Debtor, will be deemed and treated as
executory contracts that are assumed by the applicable Debtor or Reorganized
Debtor pursuant to the Plan and section 365 of the Bankruptcy Code as of the
Effective Date. Accordingly, such indemnification obligations will survive and
be unaffected by entry of the Confirmation Order, irrespective of whether such
indemnification is owed for an act or event occurring before or after the
Petition Date.

               iii. The obligations of each Debtor or Reorganized Debtor to
indemnify any person who was serving as one of its directors, officers or
employees prior to February 28, 2006 by reason of such person's prior service in
such a capacity or as a director, officer or employee of another corporation,
partnership or other legal entity, to the extent provided in the applicable
certificates of incorporation, bylaws or similar constituent documents, by
statutory law or by written agreement, policies or procedures of or with such
Debtor, will terminate and be discharged pursuant to section 502(e) of the
Bankruptcy Code or otherwise as of the Effective Date; provided, however, that
to the extent that such indemnification obligations no longer give rise to
contingent Claims that can be disallowed pursuant to section 502(e) of the
Bankruptcy Code, such indemnification obligations will be deemed and treated as
Executory Contracts that are rejected by the applicable Debtor or Reorganized
Debtor pursuant to the Plan and section 365 of the Bankruptcy Code as of the
Effective Date, and any Claims arising from such indemnification obligations
(including any rejection damage claims) will be subject to the Bar Date
provisions of Section II.F.6.

     8.   NO CHANGE IN CONTROL

          The  consummation of the Plan, the implementation of the Restructuring
Transactions or the assumption or assumption and assignment of any Executory
Contract or Unexpired Lease to another Reorganized Debtor is not intended to,
and shall not, constitute a change in ownership or change in control under any
financial instrument, loan or financing agreement, Executory Contract or
Unexpired Lease or contract, lease or agreement in existence on the Effective
Date to which a Debtor is a party.

                                      -27-
<PAGE>
                                  ARTICLE III.
                              THE GLOBAL SETTLEMENT

          The  provisions of the Plan are intended to continue the
implementation of the Global Settlement and the transactions contemplated
thereby, as approved by the Global Settlement Order (other than the transactions
contemplated by the Old Investment Agreement and the Old Plan Support Agreement)
and the Appaloosa Approval Order. Transactions to be implemented pursuant to the
Global Settlement include, but are not limited to, the following:

A.   ASSUMPTION AND ASSIGNMENT OF COLLECTIVE BARGAINING AGREEMENTS

          On   the Effective Date, Reorganized Dana will assume and assign to
the applicable Reorganized Debtor, in consultation with the applicable Unions,
(1) the collective bargaining agreements listed on Exhibit III.A, which include
the Union Settlement Agreements and the new collective bargaining agreements to
be entered into by the Debtors and the UAW or USW at the following bargaining
units: (a) Fort Wayne, IN - Local Union 903; (b) Henderson, KY - Local Union
9443-02; (c) Marion, IN - Local Union 113; (d) Auburn Hills, MI - UAW Local 771;
(e) Rochester Hills, MI - UAW Local 771; (f) Longview, TX - UAW Local [ ]; (g)
Lima, OH - UAW Local 1765; (h) Elizabethtown, KY - UAW Local 3047; and (i)
Pottstown, PA - UAW Local 644, (2) any new collective bargaining agreements
entered into between Dana and the UAW or USW, (3) the respective Neutrality
Agreements (as defined in the Union Settlement Agreements) and (4) any and all
other related agreements necessary to effect the Union Settlement Agreements.
Upon assumption, all proofs of claim filed by the Unions or any individual
relating to such collective bargaining agreements will be deemed withdrawn.
Ordinary course obligations arising under the assumed agreements shall be
unaltered by the Plan and shall be satisfied in the ordinary course of business.

B.   CESSATION OF UNION RETIREE AND LONG TERM DISABILITY BENEFITS

          On   the Union Retiree Benefit Termination Date, the Reorganized
Debtors, in accordance with the Union Settlement Agreements, will cease
providing and paying (1) all retiree benefits (as defined in section 1114(a) of
the Bankruptcy Code) to all UAW and USW-represented retirees and (2) all long
term disability income and medical benefits to individuals who are Union
Disableds (as defined in the Union Settlement Agreements).

C.   CONTRIBUTIONS TO UAW UNION RETIREE VEBA AND USW UNION RETIREE VEBA

          On   or after the Effective Date, in accordance with the terms of the
Union Settlement Agreements, the Reorganized Debtors will make (1) the UAW Union
Retiree VEBA Contribution and (2) the USW Union Retiree VEBA Contribution;
provided, however, that, to the extent the Debtors pursue a transaction other
than the New Equity Investment with Appaloosa, including a majority investment
transaction, a sale of substantially all of the Debtors' assets and any similar
transaction, the Unions may elect to receive, in accordance with the terms of
the Union Settlement Agreements and in lieu of the UAW Union Retiree VEBA
Contribution and the USW Union Retiree VEBA Contribution, either an Allowed
Administrative Claim in the amount of $764 million or an Allowed General
Unsecured Claim in Class 5F in the amount of $908 million.

D.   ASSUMPTION AND ASSIGNMENT OF PENSION BENEFITS

          On   the Effective Date, Reorganized Dana shall assume and assign the
Pension Plans to New Dana Holdco, which will become the sponsor and continue to
administer the Pension Plans, satisfy the minimum funding standards pursuant to
26 U.S.C. Section 412 and 29 U.S.C. Section 1082 and administer the Pension
Plans in accordance with their terms and the provisions of ERISA and the
Internal Revenue Code. Furthermore, nothing in the Plan shall be construed as
discharging, releasing or relieving the Debtors or the Debtors' successors from
any liability imposed under any law or regulatory provision with respect to the
Pension Plans. Neither the PBGC, the Pension Plans nor any participant or
beneficiary of the Pension Plans shall be enjoined or precluded from enforcing
such liability with respect to the Pension Plans.

                                      -28-
<PAGE>
E.   EMERGENCE BONUS FOR UNION EMPLOYEES

          In   accordance with the terms of the Union Settlement Agreements, New
Dana Holdco will reserve New Dana Holdco Common Stock having a maximum aggregate
Per Share Value of $22.53 million to be distributed to certain current and
former union employees as a post-emergence bonus in accordance with Appendix J
to the Union Settlement Agreements.

F.   THE NEW EQUITY INVESTMENT

          On   the Rights Offering Record Date (or as soon thereafter as is
reasonably practicable), Dana shall issue the Rights in accordance with the
terms of the Appaloosa Investment Agreement. On the Effective Date, New Dana
Holdco, will (1) issue the New Preferred Stock and (2) receive the New Equity
Investment in accordance with the terms and conditions of the Appaloosa
Investment Agreement. New Dana Holdco is authorized to execute and deliver those
documents necessary or appropriate to facilitate the offer and issuance of the
Rights and the New Preferred Stock and to take any necessary or appropriate
actions in connection therewith.

G.   NEW EMPLOYMENT AGREEMENTS

          Prior to the Effective Date, the individuals who will serve as
directors of New Dana Holdco, shall appoint a three-person committee of such
directors to negotiate, in consultation with Appaloosa, post-Effective Date
employment agreements with New Dana Holdco's anticipated senior management team.
Such employment agreements shall (1) be at market terms, (2) be reasonably
acceptable in form and substance to Appaloosa, in consultation with the Ad Hoc
Steering Committee (provided that the holders of at least $650 million in the
aggregate of Bondholder Claims have executed the Appaloosa Plan Support
Agreement), and (3) be approved by New Dana Holdco's board of directors on the
Effective Date.

H.   LIMITATIONS ON SALES OF CORE BUSINESSES PRIOR TO EFFECTIVE DATE

          Except for the sale of certain businesses specified by the Debtors and
disclosed in confidence to the Unions and the Creditors' Committee on or before
July 1, 2007 and Appaloosa on or before ____ __, 2007, and in addition to any
requirements or consents required by the DIP Lenders under the DIP Facility, the
Debtors will not sell any business line within their Automotive Systems Group or
Commercial Vehicles Group prior to the Effective Date without (1) the agreement
of the International President of the affected Union(s) (or any designee(s) of
such officer(s)) and (2) the consent of Appaloosa.

                                   ARTICLE IV.
                            CONFIRMATION OF THE PLAN

A.   CONDITIONS PRECEDENT TO CONFIRMATION

          The  following conditions are conditions to the entry of the
Confirmation Order unless such conditions, or any of them, have been satisfied
or duly waived pursuant to Section IV.C:

     1.   The Confirmation Order will be reasonably acceptable in form and
substance to (a) the Debtors, (b) the Creditors' Committee, (c) Appaloosa and
(d) to the extent that holders of at least $650 million in aggregate amount of
Bondholder Claims have signed the Appaloosa Plan Support Agreement, either (i)
the Ad Hoc Steering Committee or (ii) creditors holding at least $650 million in
aggregate amount of Allowed General Unsecured Claims.

     2.   The Plan shall not have been materially amended, altered or modified
from the Plan as Filed on [____________], unless such material amendment,
alteration or modification has been made in accordance with Section X.A of the
Plan.

     3.   All Exhibits to the Plan are in form and substance reasonably
satisfactory to (a) the Debtors, (b) the Unions, (c) Appaloosa and (d) to the
extent that holders of at least $650 million in aggregate amount of

                                      -29-
<PAGE>
Bondholder Claims have signed the Appaloosa Plan Support Agreement, either (i)
the Ad Hoc Steering Committee or (ii) creditors holding at least $650 million in
aggregate amount of Allowed General Unsecured Claims.

B.   CONDITIONS PRECEDENT TO THE EFFECTIVE DATE

          The  Effective Date will not occur, and the Plan will not be
consummated, unless and until the following conditions have been satisfied or
duly waived pursuant to Section IV.C:

     1.   The Bankruptcy Court shall have entered the Confirmation Order on or
before February 28, 2008.

     2.   The Bankruptcy Court shall have entered an order (contemplated to be
part of the Confirmation Order) approving and authorizing the Debtors and the
Reorganized Debtors to take all actions necessary or appropriate to implement
the Plan, including completion of the Restructuring Transactions and the other
transactions contemplated by the Plan and the implementation and consummation of
the contracts, instruments, releases and other agreements or documents entered
into or delivered in connection with the Plan.

     3.   No stay of the Confirmation Order shall then be in effect.

     4.   The documents effectuating the Exit Facility shall be in form and
substance reasonably satisfactory to the Debtors and Appaloosa and shall have
been executed and delivered by the Reorganized Debtors, the Exit Facility Agent
and each of the lenders under the Exit Facility.

     5.   The total amount of Allowed General Unsecured Claims (excluding any
General Unsecured Claims held by the Unions (including the Union Claim), any
General Unsecured Claims held by the Retiree Committee, Convenience Claims,
General Unsecured Claims against EFMG, Prepetition Intercompany Claims and the
DCC Claim) shall not exceed $3.25 billion.

     6.   The total amount of funded debt of the Reorganized Debtors, on a
consolidated basis, shall not exceed $1.5 billion.

     7.   The Reorganized Debtors' Minimum Emergence Liquidity shall be
reasonably acceptable to the Unions and Appaloosa.

     8.   The Effective Date shall occur on or before May 1, 2008.

     9.   The Plan and all Exhibits to the Plan shall not have been materially
amended, altered or modified from the Plan as confirmed by the Confirmation
Order, unless such material amendment, alteration or modification has been made
in accordance with Section X.A of the Plan.

C.   WAIVER OF CONDITIONS TO THE CONFIRMATION OR EFFECTIVE DATE

          The  conditions to Confirmation and the conditions to the Effective
Date may be waived in whole or in part at any time by the agreement of (1) the
Debtors, (2) Appaloosa, (3) Creditors' Committee, (4) the Unions and (5) to the
extent that holders of at least $650 million in aggregate amount of Bondholder
Claims have signed the Appaloosa Plan Support Agreement, either (a) the Ad Hoc
Steering Committee or (b) creditors holding at least $650 million in aggregate
amount of Allowed General Unsecured Claims without an order of the Bankruptcy
Court, provided, however, that the condition precedent to the Effective Date in
Section IV.B.5 may be waived only by the Creditors' Committee acting reasonably
and consistently with its fiduciary duties to all unsecured creditors and after
taking into account the efforts that the Debtors, the Creditors' Committee and
other parties, if applicable, have made to resolve unsecured Claims.

D.   EFFECT OF NONOCCURRENCE OF CONDITIONS TO THE EFFECTIVE DATE

          If   each of the conditions to the Effective Date is not satisfied or
duly waived in accordance with Section IV.C, then upon motion by the Debtors
made before the time that each of such conditions has been satisfied

                                      -30-
<PAGE>
and upon notice to such parties in interest as the Bankruptcy Court may direct,
the Confirmation Order will be vacated by the Bankruptcy Court; provided,
however, that, notwithstanding the Filing of such motion, the Confirmation Order
may not be vacated if each of the conditions to the Effective Date is satisfied
before the Bankruptcy Court enters an order granting such motion. If the
Confirmation Order is vacated pursuant to this Section IV.D: (1) the Plan will
be null and void in all respects, including with respect to (a) the discharge of
Claims and termination of Interests pursuant to section 1141 of the Bankruptcy
Code, (b) the assumptions, assignments or rejections of Executory Contracts and
Unexpired Leases pursuant to Section II.E and (c) the releases described in
Section IV.E; (2) the Debtors shall return to the applicable Eligible Holders
any funds received in connection with the exercise of a Right; and (3) nothing
contained in the Plan will (a) constitute a waiver or release of any Claims by
or against, or any Interest in, any Debtor or (b) prejudice in any manner the
rights of the Debtors or any other party in interest.

E.   EFFECT OF CONFIRMATION OF THE PLAN

     1.   DISSOLUTION OF OFFICIAL COMMITTEES

          On   the Effective Date, the Official Committees, to the extent not
previously dissolved, will dissolve, and the members of the Official Committees
and their respective Professionals will cease to have any role arising from or
related to the Chapter 11 Cases. The Professionals retained by the Official
Committees and the respective members thereof will not be entitled to assert any
Fee Claim for any services rendered or expenses incurred after the Effective
Date, except for reasonable fees for services rendered, and actual and necessary
expenses incurred, in connection with any applications for allowance of
compensation and reimbursement of expenses pending on the Effective Date or
Filed and served after the Effective Date pursuant to Section II.A.1.h.ii.A.

     2.   PRESERVATION OF RIGHTS OF ACTION BY THE DEBTORS AND THE REORGANIZED
DEBTORS; RECOVERY ACTIONS

          Except as otherwise provided in the Plan or in any contract,
instrument, release or other agreement entered into or delivered in connection
with the Plan, in accordance with section 1123(b) of the Bankruptcy Code, the
Reorganized Debtors will retain and may enforce any claims, demands, rights,
defenses and causes of action that the Debtors or the Estates may hold against
any entity, including any Recovery Actions, to the extent not expressly released
under the Plan or by any Final Order of the Bankruptcy Court.

     3.   COMPREHENSIVE SETTLEMENT OF CLAIMS AND CONTROVERSIES

          Pursuant to Bankruptcy Rule 9019 and in consideration for the
distributions and other benefits provided under the Plan, the provisions of the
Plan will constitute a good faith compromise and settlement of all claims or
controversies relating to the rights that a holder of a Claim (including
Prepetition Intercompany Claims) or Interest may have with respect to any
Allowed Claim or Allowed Interest or any distribution to be made pursuant to the
Plan on account of any Allowed Claim or Allowed Interest. The entry of the
Confirmation Order will constitute the Bankruptcy Court's approval, as of the
Effective Date, of the compromise or settlement of all such claims or
controversies and the Bankruptcy Court's finding that all such compromises or
settlements are in the best interests of the Debtors, Reorganized Debtors,
Estates and their respective property and Claim and Interest holders and are
fair, equitable and reasonable.

     4.   DISCHARGE OF CLAIMS AND TERMINATION OF INTERESTS

          a.   COMPLETE SATISFACTION, DISCHARGE AND RELEASE

          Except as provided in the Plan or in the Confirmation Order, the
rights afforded under the Plan and the treatment of Claims and Interests under
the Plan will be in exchange for and in complete satisfaction, discharge and
release of all Claims and termination of all Interests arising on or before the
Effective Date, including any interest accrued on Claims from and after the
Petition Date. Except as provided in the Plan or in the Confirmation Order,
Confirmation will, as of the Effective Date and immediately after cancellation
of the Old Common Stock of Dana: (i) discharge the Debtors from all Claims or
other debts that arose on or before the

                                      -31-
<PAGE>
Effective Date, and all debts of the kind specified in section 502(g), 502(h) or
502(i) of the Bankruptcy Code, whether or not (A) a proof of Claim based on such
debt is Filed or deemed Filed pursuant to section 501 of the Bankruptcy Code,
(B) a Claim based on such debt is allowed pursuant to section 502 of the
Bankruptcy Code or (C) the holder of a Claim based on such debt has accepted the
Plan; and (ii) terminate all Interests and other rights of holders of Interests
in the Debtors.

          b.   DISCHARGE AND TERMINATION

          In   accordance with the foregoing, except as provided in the Plan,
the Confirmation Order will be a judicial determination, as of the Effective
Date and immediately after the cancellation of the Old Common Stock of Dana, but
prior to the issuance of the New Dana Holdco Common Stock, of a discharge of all
Claims and other debts and Liabilities against the Debtors and a termination of
all Interests and other rights of the holders of Interests in the Debtors,
pursuant to sections 524 and 1141 of the Bankruptcy Code, and such discharge
will void any judgment obtained against the Debtors at any time, to the extent
that such judgment relates to a discharged Claim or terminated Interest.

     5.   INJUNCTION

          On   the Effective Date, except as otherwise provided herein or in the
Confirmation Order,

          a.   all Persons who have been, are or may be holders of Claims
against or Interests in a Debtor shall be enjoined from taking any of the
following actions against or affecting a Debtor, its Estate or its Assets with
respect to such Claims or Interests (other than actions brought to enforce any
rights or obligations under the Plan and appeals, if any, from the Confirmation
Order):

               1.   commencing, conducting or continuing in any manner, directly
or indirectly, any suit, action or other proceeding of any kind against a
Debtor, its Estate, its Assets or any direct or indirect successor in interest
to a Debtor, or any assets or property of such successor (including, without
limitation, all suits, actions and proceedings that are pending as of the
Effective Date, which must be withdrawn or dismissed with prejudice);

               2.   enforcing, levying, attaching, collecting or otherwise
recovering by any manner or means, directly or indirectly, any judgment, award,
decree or order against a Debtor, its Estate or its Assets or any direct or
indirect successor in interest to a Debtor, or any assets or property of such
successor;

               3.   creating, perfecting or otherwise enforcing in any manner,
directly or indirectly, any lien against a Debtor, its Estate or its Assets, or
any direct or indirect successor in interest to a Debtor, or any assets or
property of such successor other than as contemplated by the Plan;

               4.   except as provided herein, asserting any setoff, right of
subrogation or recoupment of any kind, directly or indirectly, against any
obligation due a Debtor, its Estate or its Assets, or any direct or indirect
successor in interest to a Debtor, or any assets or property of such successor;
and

               5.   proceeding in any manner in any place whatsoever that does
not conform to or comply with the provisions of the Plan or the settlements set
forth herein to the extent such settlements have been approved by the Bankruptcy
Court in connection with Confirmation of the Plan.

          b.   All Persons that have held, currently hold or may hold any
Liabilities released pursuant to Sections IV.E.6 and IV.E.7 will be permanently
enjoined from taking any of the following actions against any Released Party or
its property on account of such released Liabilities: (i) commencing, conducting
or continuing in any manner, directly or indirectly, any suit, action or other
proceeding of any kind; (ii) enforcing, levying, attaching, collecting or
otherwise recovering by any manner or means, directly or indirectly, any
judgment, award, decree or order; (iii) creating, perfecting or otherwise
enforcing in any manner, directly or indirectly, any lien; (iv) except as
provided herein, asserting any setoff, right of subrogation or recoupment of any
kind, directly or indirectly, against any obligation due a Released Party; and
(v) commencing or continuing any action, in any manner, in any place that does
not comply with or is inconsistent with the provisions of the Plan.

                                      -32-
<PAGE>
     6.   RELEASES

          a.   GENERAL RELEASES BY DEBTORS AND REORGANIZED DEBTORS

          Without limiting any other applicable provisions of, or releases
contained in, the Plan, as of the Effective Date, the Debtors and the
Reorganized Debtors, on behalf of themselves and their affiliates, the Estates
and their respective successors, assigns and any and all entities who may
purport to claim by, through, for or because of them, will forever release,
waive and discharge all Liabilities that they have, had or may have against any
Released Party; provided, however, that the foregoing provisions shall not
affect the liability of any Released Party that otherwise would result from any
act or omission to the extent that act or omission subsequently is determined in
a Final Order to have constituted gross negligence or willful misconduct.

          b.   GENERAL RELEASES BY HOLDERS OF CLAIMS OR INTERESTS

          Without limiting any other applicable provisions of, or releases
contained in, the Plan, as of the Effective Date, in consideration for the
obligations of the Debtors and the Reorganized Debtors under the Plan and the
consideration and other contracts, instruments, releases, agreements or
documents to be entered into or delivered in connection with the Plan, each
holder of a Claim or Interest (i) that votes in favor of the Plan and/or (ii) to
the fullest extent permissible under law, will be deemed to forever release,
waive and discharge all Liabilities in any way relating to a Debtor, the Chapter
11 Cases, the Estates, the Plan, the Confirmation Exhibits or the Disclosure
Statement that such entity has, had or may have against any Released Party
(which release will be in addition to the discharge of Claims and termination of
Interests provided herein and under the Confirmation Order and the Bankruptcy
Code).

          c.   RELEASE OF RELEASED PARTIES BY OTHER RELEASED PARTIES

          From and after the Effective Date, except with respect to obligations
under the Plan, the Global Settlement and the Appaloosa Investment Agreement and
related documents, to the fullest extent permitted by applicable law, the
Released Parties shall release each other from any and all Liabilities that any
Released Party is entitled to assert against any other Released Party in any way
relating to any Debtor, the Chapter 11 Cases, the Estates, the formulation,
preparation, negotiation, dissemination, implementation, administration,
confirmation or consummation of any of the Plan, or the property to be
distributed under the Plan, the Confirmation Exhibits, the Disclosure Statement,
any contract, employee pension or other benefit plan, instrument, release or
other agreement or document related to any Debtor, the Chapter 11 Cases or the
Estates created, modified, amended, terminated or entered into in connection
with either the Plan or any agreement between the Debtors and any Released Party
or any other act taken or omitted to be taken in connection with the Debtors'
bankruptcy; provided, however, that the foregoing provisions shall not affect
the liability of any Released Party that otherwise would result from any act or
omission to the extent that act or omission is determined in a Final Order to
have constituted gross negligence or willful misconduct.

     7.   EXCULPATION

          From and after the Effective Date, except with respect to obligations
arising under the Plan, the Global Settlement and the Appaloosa Investment
Agreement and related documents, the Released Parties shall neither have nor
incur any liability to any Person for any act taken or omitted to be taken in
connection with the Debtors' restructuring, including the formulation,
preparation, dissemination, implementation, confirmation or approval of the
Global Settlement, the Plan, the Confirmation Exhibits, the Disclosure Statement
or any contract, instrument, release or other agreement or document provided for
or contemplated in connection with the consummation of the transactions set
forth in the Plan; provided, however, that the foregoing provisions shall not
affect the liability of any Person that otherwise would result from any such act
or omission to the extent that act or omission is determined in a Final Order to
have constituted gross negligence or willful misconduct. Any of the foregoing
parties in all respects shall be entitled to rely upon the advice of counsel
with respect to their duties and responsibilities under the Plan.

                                      -33-
<PAGE>
     8.   TERMINATION OF CERTAIN SUBORDINATION RIGHTS AND SETTLEMENT OF RELATED
CLAIMS AND CONTROVERSIES

          a.   TERMINATION

          The  classification and manner of satisfying all Claims and Interests
under the Plan take into consideration all subordination rights, whether arising
under general principles of equitable subordination, contract, section 510(c) of
the Bankruptcy Code or otherwise, that a holder of a Claim or Interest may have
against other Claim or Interest holders with respect to any distribution made
pursuant to the Plan. Except as provided in Section IV.E.8.c, all subordination
rights that a holder of a Claim may have with respect to any distribution to be
made pursuant to the Plan will be discharged and terminated, and all actions
related to the enforcement of such subordination rights will be permanently
enjoined. Accordingly, distributions pursuant to the Plan to holders of Allowed
Claims will not be subject to payment to a beneficiary of such terminated
subordination rights or to levy, garnishment, attachment or other legal process
by a beneficiary of such terminated subordination rights.

          b.   SETTLEMENT

          Pursuant to Bankruptcy Rule 9019 and in consideration for the
distributions and other benefits provided under the Plan, the provisions of the
Plan will constitute a good faith compromise and settlement of all claims or
controversies relating to the subordination rights that a holder of a Claim may
have with respect to any Allowed Claim or any distribution to be made pursuant
to the Plan on account of any Allowed Claim, except as provided in Section
IV.E.8.c. The entry of the Confirmation Order will constitute the Bankruptcy
Court's approval, as of the Effective Date, of the compromise or settlement of
all such claims or controversies and the Bankruptcy Court's finding that such
compromise or settlement is in the best interests of the Debtors, the
Reorganized Debtors and their respective property and Claim and Interest holders
and is fair, equitable and reasonable.

          c.   Preservation of Subordination under Section 510(b)

          Notwithstanding anything to the contrary contained in Section IV.E.8,
the provisions of section 510(b) of the Bankruptcy Code, to the extent
applicable, are expressly preserved and shall be enforced pursuant to the Plan.

                                   ARTICLE V.
                      MEANS FOR IMPLEMENTATION OF THE PLAN

A.   CONTINUED CORPORATE EXISTENCE AND VESTING OF ASSETS

          Except as otherwise provided herein (including with respect to the
Restructuring Transactions described in Section V.B), on the Effective Date: (1)
New Dana Holdco will be incorporated and shall exist as a separate corporate
entity, with all corporate powers in accordance with the laws of the state of
Delaware and the certificates of incorporation, bylaws and certificate of
designations attached hereto as Exhibits V.C.1.a and V.C.1.b; (2) each Debtor
will, as a Reorganized Debtor, continue to exist after the Effective Date as a
separate legal entity, with all of the powers of such a legal entity under
applicable law and without prejudice to any right to alter or terminate such
existence (whether by merger, dissolution or otherwise) under applicable state
law; (3) all property of the Estate of a Debtor, and any property acquired by a
Debtor or Reorganized Debtor under the Plan, will vest, subject to the
Restructuring Transactions, in such Reorganized Debtor free and clear of all
Claims, liens, charges, other encumbrances, Interests and other interests. On
and after the Effective Date, each Reorganized Debtor may operate its business
and may use, acquire and dispose of property and compromise or settle any claims
without supervision or approval by the Bankruptcy Court and free of any
restrictions of the Bankruptcy Code or Bankruptcy Rules, other than those
restrictions expressly imposed by the Plan or the Confirmation Order. Without
limiting the foregoing, each Reorganized Debtor may pay the charges that it
incurs on or after the Effective Date for Professionals' fees, disbursements,
expenses or related support services (including fees relating to the preparation
of Professional fee applications) without application to, or the approval of,
the Bankruptcy Court.

                                      -34-
<PAGE>
B.   RESTRUCTURING TRANSACTIONS

     1.   RESTRUCTURING TRANSACTIONS GENERALLY

          On   or after the Confirmation Date, the applicable Debtors or
Reorganized Debtors may enter into such Restructuring Transactions and may take
such actions as the Debtors or Reorganized Debtors may determine to be necessary
or appropriate to effect a corporate restructuring of their respective
businesses or simplify the overall corporate structure of the Reorganized
Debtors, including but not limited to the restructuring transactions identified
on Exhibit V.B.1, all to the extent not inconsistent with any other terms of the
Plan. Unless otherwise provided by the terms of a Restructuring Transaction, all
such Restructuring Transactions will be deemed to occur on the Effective Date
and may include one or more mergers, consolidations, restructurings,
dispositions, liquidations or dissolutions, as may be determined by the Debtors
or the Reorganized Debtors to be necessary or appropriate. The actions to effect
these transactions may include: (a) the execution and delivery of appropriate
agreements or other documents of merger, consolidation, restructuring,
disposition, liquidation or dissolution containing terms that are consistent
with the terms of the Plan and that satisfy the requirements of applicable state
law and such other terms to which the applicable entities may agree; (b) the
execution and delivery of appropriate instruments of transfer, assignment,
assumption or delegation of any asset, property, right, liability, duty or
obligation on terms consistent with the terms of the Plan and having such other
terms to which the applicable entities may agree; (c) the filing of appropriate
certificates or articles of merger, consolidation, dissolution or change in
corporate form pursuant to applicable state law; and (d) the taking of all other
actions that the applicable entities determine to be necessary or appropriate,
including making filings or recordings that may be required by applicable state
law in connection with such transactions. Any such transactions may be effected
on or subsequent to the Effective Date without any further action by the
stockholders or directors of any of the Debtors or the Reorganized Debtors.

     2.   OBLIGATIONS OF ANY SUCCESSOR CORPORATION IN A RESTRUCTURING
TRANSACTION

          The  Restructuring Transactions may result in substantially all of the
respective assets, properties, rights, liabilities, duties and obligations of
certain of the Reorganized Debtors vesting in one or more surviving, resulting
or acquiring corporations. In each case in which the surviving, resulting or
acquiring corporation in any such transaction is a successor to a Reorganized
Debtor, such surviving, resulting or acquiring corporation will perform the
obligations of the applicable Reorganized Debtor pursuant to the Plan to pay or
otherwise satisfy the Allowed Claims against such Reorganized Debtor, except as
provided in the Plan or in any contract, instrument or other agreement or
document effecting a disposition to such surviving, resulting or acquiring
corporation, which may provide that another Reorganized Debtor will perform such
obligations.

C.   CORPORATE GOVERNANCE AND DIRECTORS AND OFFICERS

     1.   CERTIFICATES OF INCORPORATION AND BYLAWS OF NEW DANA HOLDCO AND THE
OTHER REORGANIZED DEBTORS

          As   of the Effective Date, the certificates of incorporation and the
bylaws (or comparable constituent documents) of New Dana Holdco and the other
Reorganized Debtors, including the certificate of designations with respect to
New Dana Holdco, will be substantially in the forms set forth in Exhibits
V.C.1.a and V.C.1.b, respectively. The certificates of incorporation and bylaws
(or comparable constituent documents) of New Dana Holdco and each other
Reorganized Debtor, among other things, will: (a) prohibit the issuance of
nonvoting equity securities to the extent required by section 1123(a)(6) of the
Bankruptcy Code; (b) with respect to New Dana Holdco, authorize (i) the issuance
of New Dana Holdco Common Stock in amounts not less than the amounts necessary
to permit the distributions required or contemplated by the Plan and (ii) the
issuance of the New Preferred Stock. After the Effective Date, New Dana Holdco
and each other Reorganized Debtor may amend and restate their articles of
incorporation or bylaws (or comparable constituent documents) as permitted by
applicable state law, subject to the terms and conditions of such constituent
documents. On the Effective Date, or as soon thereafter as is practicable, New
Dana Holdco and each other Reorganized Debtor shall file such certificates of
incorporation (or comparable constituent documents) with the secretaries of
state of the states in which New Dana Holdco and such other Reorganized Debtors
are incorporated or organized, to the extent required by and in accordance with
the applicable corporate law of such states.

                                      -35-
<PAGE>
     2.   DIRECTORS AND OFFICERS OF NEW DANA HOLDCO AND THE OTHER REORGANIZED
DEBTORS

          Subject to any requirement of Bankruptcy Court approval pursuant to
section 1129(a)(5) of the Bankruptcy Code, from and after the Effective Date:
(a) the initial officers of New Dana Holdco and the other Reorganized Debtors
will consist of the individuals identified on Exhibit V.C.2; (b) the initial
board of directors of New Dana Holdco will be selected in accordance with the
terms of the Appaloosa Investment Agreement; and (c) the initial board of
directors of each of the other Reorganized Debtors will consist of the
individuals identified, or will be designated pursuant to the procedures
specified, on Exhibit V.C.2. Each such director and officer will serve from and
after the Effective Date until his or her successor is duly elected or appointed
and qualified or until his or her earlier death, resignation or removal in
accordance with the terms of the certificate of incorporation and bylaws (or
comparable constituent documents) of New Dana Holdco or the applicable other
Reorganized Debtor and state law.

     3.   COMPLIANCE WITH EXCHANGE ACT BY NEW DANA HOLDCO

          From and after the Effective Date, New Dana Holdco shall timely file
with the SEC the annual reports, quarterly reports and other periodic reports
required to be filed with the SEC pursuant to sections 13(a) or 15(d) of the
Exchange Act.

D.   NEW DANA HOLDCO COMMON STOCK

     1.   ISSUANCE AND DISTRIBUTION OF NEW DANA HOLDCO COMMON STOCK

          The  New Dana Holdco Common Stock, when issued or distributed as
provided in the Plan, will be duly authorized, validly issued and, if
applicable, fully paid and nonassessable. Each distribution and issuance under
the Plan shall be governed by the terms and conditions set forth in the Plan
applicable to such distribution or issuance and by the terms and conditions of
the instruments evidencing or relating to such distribution or issuance, which
terms and conditions shall bind each person or entity receiving such
distribution or issuance.

     2.   LISTING

          New  Dana Holdco will apply to list the New Dana Holdco Common Stock
on a national exchange as soon as practicable after the Effective Date when New
Dana Holdco meets the applicable listing requirements. If New Dana Holdco is not
able to list the New Dana Holdco Common Stock on a national exchange, it will
cooperate with any registered broker-dealer who may seek to initiate price
quotations for the New Dana Holdco Common Stock on the OTC Bulletin Board.

     3.   SECTION 1145 EXEMPTION

          To   the maximum extent provided by section 1145 of the Bankruptcy
Code and applicable nonbankruptcy law, the issuance of the New Dana Holdco
Common Stock and Rights under the Plan and New Series B Preferred Stock pursuant
to the valid exercise of a Right under the Plan will be exempt from registration
under the Securities Act and all rules and regulations promulgated thereunder.

E.   EMPLOYMENT, RETIREMENT AND OTHER RELATED AGREEMENTS; CESSATION OF RETIREE
     BENEFITS; WORKERS' COMPENSATION PROGRAMS

     1.   EMPLOYMENT-RELATED AGREEMENTS

          As   of the Effective Date, the Reorganized Debtors will have
authority to: (a) maintain, amend or revise existing employment, retirement,
welfare, incentive, severance, indemnification and other agreements with its
active directors, officers and employees, subject to the terms and conditions of
any such agreement; and (b) enter into new employment, retirement, welfare,
incentive, severance, indemnification and other agreements for active employees.

                                      -36-
<PAGE>
     2.   CESSATION OF RETIREE BENEFITS

          Prior to the Effective Date, the Debtors ceased providing and paying
all retiree benefits (as defined in section 1114(a) of the Bankruptcy Code) to:
(a) non-union retirees and their dependents in accordance with the Stipulation
and Agreed Order Between Dana Corporation and the Official Committee of
Non-Union Retirees (Docket No. 5356), dated May 21, 2007; and (b) retirees who
had been members of the International Association of Machinists and Aerospace
Workers and their dependents in accordance with the Agreed Order Approving
Settlement Agreement Between Dana Corporation and the International Association
of Machinists and Aerospace Workers (Docket No. 5180), dated April 27, 2007.
Retiree benefits (as defined in section 1114(a) of the Bankruptcy Code) to all
UAW and USW-represented retirees will be terminated in accordance with the
Global Settlement Order and Section III.B above.

     3.   CONTINUATION OF WORKERS' COMPENSATION PROGRAMS

          From and after the Effective Date, the Reorganized Debtors will
continue to administer and pay the Claims arising before the Petition Date under
the Debtors' workers' compensation programs in all applicable jurisdictions in
accordance with the Debtors' prepetition practices and procedures, applicable
plan documents and governing state law; provided, however, that the Claims
arising from the Debtors' prepetition contractual assumption of, or indemnity
for, the liabilities of third parties under workers' compensation programs will
be treated as General Unsecured Claims in Classes 5A and 5F, as applicable.

     4.   EMERGENCE BONUS FOR NON-UNION EMPLOYEES

          [________________________]

F.   CORPORATE ACTION

          The  Restructuring Transactions; the adoption of new or amended and
restated certificates of incorporation and bylaws (or comparable constituent
documents) for New Dana Holdco and the other Reorganized Debtors and the
certificate of designations for New Dana Holdco; the initial selection of
directors and officers for each Reorganized Debtor; the entry into the Exit
Facility and receipt of the proceeds thereof; the establishment of the Creditor
Oversight Committee; the issuance of the New Preferred Stock and New Dana Holdco
Common Stock; the distribution of the New Dana Holdco Common Stock and Cash
pursuant to the Plan; the adoption, execution, delivery and implementation of
all contracts, leases, instruments, releases and other agreements or documents
related to any of the foregoing; the adoption, execution and implementation of
employment, retirement and indemnification agreements, incentive compensation
programs, retirement income plans, welfare benefit plans and other employee
plans and related agreements; and the other matters provided for under the Plan
involving the corporate structure of the Debtors and Reorganized Debtors or
corporate action to be taken by or required of a Debtor or Reorganized Debtor
will be deemed to occur and be effective as of the Effective Date, if no such
other date is specified in such other documents, and will be authorized and
approved in all respects and for all purposes without any requirement of further
action by the stockholders or directors of the Debtors or the Reorganized
Debtors.

G.   CREDITOR OVERSIGHT COMMITTEE

     1.   COMPOSITION

     On   or prior to the Effective Date, the Creditor Oversight Committee shall
be established pursuant to the Creditor Oversight Committee Agreement.

     2.   RIGHTS AND RESPONSIBILITIES

     The  powers, rights and responsibilities of the Creditor Oversight
Committee shall be specified in the Creditor Oversight Committee Agreement,
which shall be Filed no later than five Business Days prior to the Confirmation
Hearing and shall include the authority and responsibility to review proposed
resolutions of General

                                      -37-
<PAGE>
Unsecured Claims. In connection with this responsibility, the Creditor Oversight
Committee may employ, without further order of the Bankruptcy Court,
professionals to assist in carrying out its duties under the Plan.
Notwithstanding anything to the contrary in the Creditor Oversight Committee
Agreement or the Plan, the consultation and objection rights of the Creditor
Oversight Committee with respect to Claims shall be limited to General Unsecured
Claims that would result in the creation of an Allowed General Unsecured Claim
in excess of $[500,000].

     3.   FEES AND EXPENSES OF THE CREDITOR OVERSIGHT COMMITTEE

     Except as otherwise ordered by the Bankruptcy Court, the reasonable and
necessary fees and expenses of the Creditor Oversight Committee (including the
reasonable and necessary fees and expenses of any professionals assisting the
Creditor Oversight Committee in carrying out its duties under the Plan) will be
paid by the Reorganized Debtors in accordance with the Creditor Oversight
Committee Agreement without further order from the Bankruptcy Court.

H.   SPECIAL PROVISIONS REGARDING INSURED CLAIMS

     1.   LIMITATIONS ON AMOUNTS TO BE DISTRIBUTED TO HOLDERS OF ALLOWED INSURED
CLAIMS

          Distributions under the Plan to each holder of an Allowed Insured
Claim will be in accordance with the treatment provided under the Plan for the
Class in which such Allowed Insured Claim is classified, but solely to the
extent that such Allowed Insured Claim is not satisfied from proceeds payable to
the holder thereof under any pertinent insurance policies and applicable law.
Nothing in this Section V.H will constitute a waiver of any claims, obligations,
suits, judgments, damages, demands, debts, rights, causes of action or
liabilities that any entity may hold against any other entity, including the
Debtors' insurance carriers.

     2.   REINSTATEMENT AND CONTINUATION OF INSURANCE POLICIES

          From and after the Effective Date, each of the Debtors' insurance
policies in existence as of or prior to the Effective Date shall be reinstated
and continued in accordance with its terms and, to the extent applicable, shall
be deemed assumed or assumed and assigned by the applicable Debtor or
Reorganized Debtor pursuant to section 365 of the Bankruptcy Code and Section
II.E of the Plan. Each insurance carrier under such insurance policies shall
continue to honor and administer the policies with respect to the Reorganized
Debtors in the same manner and according to the same terms and practices
applicable to the Debtors prior to the Effective Date.

I.   CANCELLATION AND SURRENDER OF INSTRUMENTS, SECURITIES AND OTHER
     DOCUMENTATION

     1.   BONDS

          Except as provided in any contract, instrument or other agreement or
document entered into or delivered in connection with the Plan, on the Effective
Date and concurrently with the applicable distributions made pursuant to Article
VI, the Indentures and the Bonds will be deemed canceled and of no further force
and effect against the Debtors, without any further action on the part of any
Debtor. The holders of the Bonds will have no rights against the Debtors arising
from or relating to such instruments and other documentation or the cancellation
thereof, except the rights provided pursuant to the Plan; provided, however,
that no distribution under the Plan will be made to or on behalf of any holder
of an Allowed Bondholder Claim until such Bonds are surrendered to and received
by the applicable Third Party Disbursing Agent to the extent required in Section
VI.K. Upon the cancellation of the Indentures on the Effective Date, the
Indenture Trustee shall have no further duties or obligations under such
Indenture from and after the Effective Date, including, without limitation, any
duties or obligations with respect to distributions to or for the benefit of the
holders of the Bonds under the Plan (other than those duties or obligations
undertaken by the Indenture Trustee in its capacity as a Disbursing Agent, if
any).

                                      -38-
<PAGE>
     2.   OLD COMMON STOCK

          The  Old Common Stock of Dana shall be deemed canceled and of no
further force and effect on the Effective Date. The holders of or parties to
such canceled securities and other documentation will have no rights arising
from or relating to such securities and other documentation or the cancellation
thereof, except the rights provided pursuant to the Plan.

J.   RELEASE OF LIENS

          Except as otherwise provided in the Plan or in any contract,
instrument, release or other agreement or document entered into or delivered in
connection with the Plan, on the Effective Date and except as specified in the
treatment provided for Claims and Interests in Article II, all mortgages, deeds
of trust, liens or other security interests against the property of any Estate
will be fully released and discharged, and all of the right, title and interest
of any holder of such mortgages, deeds of trust, liens or other security
interests, including any rights to any collateral thereunder, will revert to the
applicable Reorganized Debtor and its successors and assigns. As of the
Effective Date, the Reorganized Debtors shall be authorized to execute and file
on behalf of creditors Form UCC-3 Termination Statements or such other forms as
may be necessary or appropriate to implement the provisions of this Section V.J.

K.   EFFECTUATING DOCUMENTS; FURTHER TRANSACTIONS; EXEMPTION FROM CERTAIN
     TRANSFER TAXES

          The  President, Chief Executive Officer, Chief Financial Officer or
any Vice President of each Debtor or Reorganized Debtor, as applicable, will be
authorized to execute, deliver, file or record such contracts, instruments,
releases and other agreements or documents and take such actions as may be
necessary or appropriate to effectuate and implement the provisions of the Plan.
The Secretary or any Assistant Secretary of each Debtor or Reorganized Debtor
will be authorized to certify or attest to any of the foregoing actions.
Pursuant to section 1146(a) of the Bankruptcy Code, the following will not be
subject to any stamp Tax, real estate transfer Tax, mortgage recording Tax,
sales or use Tax or similar Tax: (1) the issuance, transfer or exchange of New
Dana Holdco Common Stock and New Preferred Stock; (2) the creation of any
mortgage, deed of trust, lien or other security interest; (3) the making or
assignment of any lease or sublease; (4) the execution and delivery of the Exit
Facility; (5) any Restructuring Transaction; or (6) the making or delivery of
any deed or other instrument of transfer under, in furtherance of or in
connection with the Plan, including any merger agreements, agreements of
consolidation, restructuring, disposition, liquidation or dissolution, deeds,
bills of sale or assignments executed in connection with any of the foregoing or
pursuant to the Plan.

                                   ARTICLE VI.
                       PROVISIONS GOVERNING DISTRIBUTIONS

A.   DISTRIBUTIONS FOR CLAIMS AND INTERESTS ALLOWED AS OF THE EFFECTIVE DATE

          Except as otherwise provided in this Article VI, distributions of Cash
(including Distributable Excess Minimum Cash) and Distributable Shares of New
Dana Holdco Common Stock to be made on the Effective Date to holders of Claims
or Interests as provided by Article II that are allowed as of the Effective Date
shall be deemed made on the Effective Date if made on the Effective Date or as
promptly thereafter as practicable, but in any event no later than: (1) 60 days
after the Effective Date; or (2) with respect to any particular Claim, such
later date when the applicable conditions of Section II.E.3 (regarding cure
payments for Executory Contracts and Unexpired Leases being assumed), Section
VI.E.2 (regarding undeliverable distributions) or Section VI.K (regarding
surrender of canceled instruments and securities), as applicable, are satisfied.
Distributions on account of Claims and Interests that become Allowed Claims or
Allowed Interests, respectively, after the Effective Date will be made pursuant
to Section VII.C. For the purposes of all distributions of New Dana Holdco
Common Stock to be made pursuant to the Plan, each share of New Dana Holdco
Common Stock shall be valued at the Per Share Value.

                                      -39-
<PAGE>
B.   METHOD OF DISTRIBUTIONS TO HOLDERS OF CLAIMS AND INTERESTS

          The  Reorganized Debtors, or such Third Party Disbursing Agents as the
Reorganized Debtors, in consultation with the Creditor Oversight Committee, may
employ in their sole discretion, will make all distributions of Cash, New Dana
Holdco Common Stock and other instruments or documents required under the Plan.
Each Disbursing Agent will serve without bond, and any Disbursing Agent may
employ or contract with other entities to assist in or make the distributions
required by the Plan. The duties of any Third Party Disbursing Agent shall be
set forth in the applicable agreement retaining such Third Party Disbursing
Agent.

C.   COMPENSATION AND REIMBURSEMENT FOR SERVICES RELATED TO DISTRIBUTIONS

          Each Third Party Disbursing Agent providing services related to
distributions pursuant to the Plan will receive from the Reorganized Debtors,
without further Bankruptcy Court approval, reasonable compensation for such
services and reimbursement of reasonable out-of-pocket expenses incurred in
connection with such services. These payments will be made by the Reorganized
Debtors and will not be deducted from distributions to be made pursuant to the
Plan to holders of Allowed Claims receiving distributions from a Third Party
Disbursing Agent.

D.   PROVISIONS GOVERNING DISPUTED UNSECURED CLAIMS RESERVE

     1.   FUNDING OF THE DISPUTED UNSECURED CLAIMS RESERVE

          On   the Effective Date, the Disputed Unsecured Claims Reserve will be
established by the Disbursing Agent and the Reserved Shares and/or Reserved
Excess Minimum Cash will be placed in the Disputed Unsecured Claims Reserve by
the Disbursing Agent for the benefit of holders of Disputed Claims and Allowed
Interests, as the case may be, in Classes 5B, 5C, 5D, 5E, 5F, 7A and 7B. For the
purpose of calculating the amount of New Dana Holdco Common Stock and/or Excess
Minimum Cash to be contributed to the Disputed Unsecured Claims Reserve, all
Disputed Claims will be treated (solely for purposes of establishing the
Disputed Unsecured Claims Reserve) either as Allowed Claims in the Face Amount
of such Claims or as estimated by the Bankruptcy Court, as applicable.

     2.   DIVIDENDS AND DISTRIBUTIONS

          Cash dividends and other distributions received by the Disbursing
Agent on account of the Reserved Shares, along with any Cash Investment Yield on
Cash held in the Disputed Unsecured Claims Reserve, will (a) be deposited in a
segregated bank account in the name of the Disbursing Agent for the benefit of
holders of Allowed Claims or Allowed Interests, as the case may be, in Classes
5B, 5C, 5D, 5E, 5F, 7A and 7B (b) will be accounted for separately and (c) will
not constitute property of the Reorganized Debtors. The Disbursing Agent will
invest any Cash held in the Disputed Unsecured Claims Reserve in a manner
consistent with Dana's investment and deposit guidelines.

     3.   RECOURSE

          Each holder of a Disputed Claim that ultimately becomes an Allowed
Claim in Classes 5B, 5C, 5D, 5E and 5F will have recourse only to the Disputed
Unsecured Claims Reserve Assets and not to any other assets held by the
Reorganized Debtors, their property or any assets previously distributed on
account of any Allowed Claim or Allowed Interest. Each holder of an Allowed
Claim or Allowed Interest in Classes 7A or 7B will have recourse, to the extent
each holder of an Allowed Claim in Classes 5B, 5C, 5D, 5E and 5F has been paid
in full, plus Postpetition Interest, only to the Disputed Unsecured Claims
Reserve Assets, if any, and not to any other assets held by any Disbursing
Agent, the Reorganized Debtors, their property or any assets previously
distributed on account of any Allowed Claim or Allowed Interest.

                                      -40-
<PAGE>
     4.   VOTING OF UNDELIVERED NEW DANA HOLDCO COMMON STOCK

          The  Disbursing Agent shall vote, and shall be deemed to vote, the
Reserved Shares held by it in its capacity as Disbursing Agent in the same
proportion as all outstanding shares of New Dana Holdco Common Stock properly
cast in a shareholder vote.

     5.   TAX TREATMENT

          The  Disputed Unsecured Claims Reserve is intended to be treated, for
U.S. federal income Tax purposes, as a disputed ownership fund within the
meaning of Treasury Regulations section 1.468B-9(b)(1).

E.   DELIVERY OF DISTRIBUTIONS AND UNDELIVERABLE OR UNCLAIMED DISTRIBUTIONS

     1.   DELIVERY OF DISTRIBUTIONS

          a.   GENERALLY

          Except as provided in Section VI.E.1.b, distributions to holders of
Allowed Claims and, to the extent applicable, Allowed Interests, will be made by
a Disbursing Agent: (i) at (A) the addresses set forth on the respective proofs
of Claim Filed by holders of such Claims and (B) the address of such record
holder listed with the registrar or transfer agent for such Interest; (ii) at
the address for a Claim transferee set forth in a valid notice of transfer of
Claim; (iii) at the addresses set forth in any written certification of address
change delivered to the Disbursing Agent (including pursuant to a letter of
transmittal delivered to a Disbursing Agent) after the date of Filing of any
related proof of Claim; (iv) at the addresses reflected in the applicable
Debtor's Schedules if no proof of Claim has been Filed and the Disbursing Agent
has not received a written notice of a change of address; or (v) if clauses (i)
through (iv) are not applicable, at the last address directed by such holder in
a Filing made after such Claim or Interest becomes an Allowed Claim or Allowed
Interest.

          b.   SPECIAL PROVISIONS FOR DISTRIBUTIONS TO HOLDERS OF BONDHOLDER
               CLAIMS AND INTERESTS ON ACCOUNT OF OLD COMMON STOCK OF DANA

               i.   Subject to the requirements of Section VI.K and Section
VI.E.1.b.ii below, distributions to holders of Allowed Bondholder Claims will be
made by a Disbursing Agent to the record holders of the Bonds as of the
Distribution Record Date, as identified on a record holder register to be
provided to the Disbursing Agent by the Indenture Trustee within five Business
Days after the Distribution Record Date. This record holder register (A) will
provide the name, address and holdings of each respective registered holder as
of the Distribution Record Date and (B) must be consistent with the applicable
holder's Claim, if Filed, or as otherwise determined by the Court.

               ii.  With respect to the Allowed Bondholder Claims, on the
Effective Date (or as soon as practicable thereafter in accordance with Section
VI.A), a Disbursing Agent will distribute the Distributable Shares of New Dana
Holdco Common Stock and Distributable Excess Minimum Cash on account of the
Allowed Bondholder Claims to the Indenture Trustee. The Indenture Trustee then
will distribute the New Dana Holdco Common Stock and Distributable Excess
Minimum Cash in accordance with the Plan to the holders of the Allowed
Bondholder Claims who surrender the Bonds to the Indenture Trustee in accordance
with Sections V.I.1 and VI.K. For purposes of distributions under this Section,
the Indenture Trustee shall be considered a Disbursing Agent.

               iii. Subject to the requirements of Section VI.K, any
distributions to holders of Allowed Interests on account of Old Common Stock of
Dana will be made by a Disbursing Agent at the address of such record holder
listed with the registrar or transfer agent for such Interest, to be provided by
such registrar or transfer agent to the Disbursing Agent within five Business
Days after the Distribution Record Date.

               iv.  The Debtors, the Reorganized Debtors and any Disbursing
Agent shall only be required to act and make distributions in accordance with
the terms of the Plan. Such parties shall have no (A) liability to any party for
actions taken in accordance with the Plan or in reliance upon information
provided to it

                                      -41-
<PAGE>
in accordance with the Plan or (B) obligation or liability for distributions
under the Plan to any party who does not hold a Claim against or Interest in the
Debtors as of the Distribution Record Date or who does not otherwise comply with
the terms of the Plan, including Sections V.I and VI.K.

     2.   UNDELIVERABLE DISTRIBUTIONS HELD BY DISBURSING AGENTS

          a.   HOLDING OF UNDELIVERABLE DISTRIBUTIONS; UNDELIVERED NEW DANA
               HOLDCO COMMON STOCK

               i.   Subject to Section VI.E.2.c, distributions returned to a
Disbursing Agent or otherwise undeliverable will remain in the possession of the
applicable Disbursing Agent pursuant to this Section VI.E.2.a.i until such time
as a distribution becomes deliverable. Subject to Section VI.E.2.c,
undeliverable Cash or New Dana Holdco Common Stock will be held by the
applicable Disbursing Agent for the benefit of the potential claimants of such
Cash or New Dana Holdco Common Stock.

               ii.  Pending the distribution of any New Dana Holdco Common
Stock, the Disbursing Agent shall vote, and shall be deemed to vote, all New
Dana Holdco Common Stock held by such Disbursing Agent, whether relating to
undeliverable distributions or undelivered distributions, in the same proportion
as all outstanding shares of New Dana Holdco Common Stock properly cast in a
shareholder vote.

          b.   AFTER DISTRIBUTIONS BECOME DELIVERABLE

          On   each Periodic Distribution Date, the applicable Disbursing Agent
will make all distributions that become deliverable to holders of Allowed Claims
and, as applicable, Allowed Interests during the preceding calendar quarter;
provided, however, that the applicable Disbursing Agent may, in its sole
discretion, establish a record date prior to each Periodic Distribution Date,
such that only Claims Allowed as of the record date will participate in such
periodic distribution. Notwithstanding the foregoing, the applicable Disbursing
Agent reserves the right, to the extent it determines a distribution on any
Periodic Distribution Date is uneconomical or unfeasible, or is otherwise
unadvisable, to postpone a Periodic Distribution Date.

          c.   FAILURE TO CLAIM UNDELIVERABLE DISTRIBUTIONS

          Any  holder of an Allowed Claim or Allowed Interest that does not
assert a claim pursuant to the Plan for an undeliverable distribution to be made
by a Disbursing Agent within one year after the later of (i) the Effective Date
and (ii) the last date on which a distribution was deliverable to such holder
will have its claim for such undeliverable distribution discharged and will be
forever barred from asserting any such claim against the Reorganized Debtors. In
such cases, unclaimed distributions will become property of New Dana Holdco,
free of any restrictions thereon, and any such unclaimed distribution held by a
Third Party Disbursing Agent will be returned to New Dana Holdco. Nothing
contained in the Plan will require any Debtor, Reorganized Debtor or Disbursing
Agent to attempt to locate any holder of an Allowed Claim or an Allowed
Interest.

F.   TIMING AND CALCULATION OF AMOUNTS TO BE DISTRIBUTED

     1.   DISTRIBUTIONS TO HOLDERS OF ALLOWED CLAIMS IN CLASSES OTHER THAN 5B,
          5C, 5D, 5E, 5F AND 7B

          Subject to Section VI.A, on the Effective Date, each holder of an
Allowed Claim in a Class other than 5B, 5C, 5D, 5E, 5F and 7B will receive the
full amount of the distributions that the Plan provides for Allowed Claims in
the applicable Class. No later than each Periodic Distribution Date,
distributions also will be made to holders of Disputed Claims in any such Class
that were allowed during the preceding calendar quarter. Such periodic
distributions also will be in the full amount that the Plan provides for Allowed
Claims in the applicable Class.

                                      -42-
<PAGE>
     2.   POSTPETITION INTEREST ON CLAIMS

          Except as expressly provided in the Plan, the Confirmation Order or
any contract, instrument, release, settlement or other agreement entered into in
connection with the Plan, or as required by applicable bankruptcy law,
Postpetition Interest shall not accrue on account of any Claim.

     3.   POST-EFFECTIVE DATE INTEREST ON CLAIMS

          Post-Effective Date interest shall not accrue on account of any Claim.

     4.   DISTRIBUTIONS TO HOLDERS OF ALLOWED CLAIMS IN CLASSES 5B, 5C, 5D, 5E
          AND 5F

          a.   INITIAL DISTRIBUTIONS TO HOLDERS OF ALLOWED CLAIMS IN CLASSES 5B,
               5C, 5D, 5E AND 5F

          Subject to Section VI.A, on the Effective Date, the Disbursing Agent
will distribute to each holder of an Allowed Claim in Classes 5B, 5C, 5D, 5E and
5F its Pro Rata share of the Distributable Shares of New Dana Holdco Common
Stock and Distributable Excess Minimum Cash.

          If,  prior to a Periodic Distribution Date, a Disputed Claim in
Classes 5B, 5C, 5D, 5E or 5F is Allowed in an amount that is less that the
amount utilized by the Disbursing Agent in calculating the initial distribution,
the applicable amount of Reserved Shares and Reserved Excess Minimum Cash will
be distributed, subject to Section VI.F.4.b, to the applicable holders of
Allowed Claims in Classes 5B, 5C, 5D, 5E and 5F on the next Periodic
Distribution Date.

          b.   PERIODIC DISTRIBUTIONS TO HOLDERS OF ALLOWED CLAIMS IN CLASSES
               5B, 5C, 5D, 5E AND 5F

          On   the applicable Periodic Distribution Date, the Disbursing Agent
will distribute to each holder of an Allowed Claim in Classes 5B, 5C, 5D, 5E and
5F its Pro Rata share of the Reserved Shares and Reserved Excess Minimum Cash,
until such time as all Disputed Claims entitled to such distributions have been
resolved. On an applicable Periodic Distribution Date, a holder of an Allowed
Claim in Classes 5B, 5C, 5D, 5E and 5F that ceased being a Disputed Claim
subsequent to the Effective Date will receive a Catch-Up Distribution. The
Disbursing Agent may, in its sole discretion, establish a record date prior to
each Periodic Distribution Date, such that only Claims Allowed as of the record
date will participate in such periodic distribution. Notwithstanding the
foregoing, the Disbursing Agent reserves the right, to the extent it determines
a distribution on any Periodic Distribution Date is uneconomical or unfeasible,
or is otherwise unadvisable, to postpone a Periodic Distribution Date.

     5.   DISTRIBUTIONS TO HOLDERS OF ALLOWED INTERESTS IN CLASS 7A AND ALLOWED
          CLAIMS IN CLASS 7B

          a.   INITIAL DISTRIBUTIONS TO HOLDERS OF ALLOWED INTERESTS IN CLASS 7A
               AND ALLOWED CLAIMS IN CLASS 7B

          On   the Periodic Distribution Date upon which (a) all Disputed Claims
in Classes other than Class 7B entitled to distributions have been resolved and
(b) all distributions to which the holders of such Claims are entitled pursuant
to the terms of the Plan will be made from the Disputed Unsecured Claims
Reserve, the Disbursing Agent will distribute to each holder of an Allowed
Interest in Class 7A and an Allowed Claim in Class 7B its Pro Rata share of the
Reserved Shares and Reserved Excess Minimum Cash remaining in the Disputed
Unsecured Claims Reserve, if any. For the purpose of calculating the amount of
Reserved Shares and Reserved Excess Minimum Cash to be initially distributed to
holders of Allowed Interests in Class 7A and Allowed Claims in Class 7B, all
Disputed Claims in Class 7B will be treated as though such Claims will be
Allowed Claims in the principal amount of such Claims, or as estimated by the
Bankruptcy Court, as applicable.

          If,  prior to a Periodic Distribution Date, a Disputed Claim in Class
7B is Allowed in an amount that is less that the amount utilized by the
Disbursing Agent in calculating the initial distribution, the applicable

                                      -43-
<PAGE>
Reserved Shares and Reserved Excess Minimum Cash will be distributed, subject to
Section VI.F.5.b, to the applicable holders of Allowed Interests in Class 7A and
Allowed Claims in Class 7B on the next Periodic Distribution Date.

          b.   PERIODIC DISTRIBUTIONS TO HOLDERS OF ALLOWED INTERESTS IN CLASS
               7A AND ALLOWED CLAIMS IN CLASS 7B

          On   the applicable Periodic Distribution Date, the Disbursing Agent
will distribute to each holder of an Allowed Interest in Class 7A and an Allowed
Claim in Class 7B its Pro Rata share of the Reserved Shares and Reserved Excess
Minimum Cash, until such time as all Disputed Claims in Class 7B entitled to
such distributions have been resolved. On an applicable Periodic Distribution
Date, a holder of an Allowed Claim in Class 7B that ceased being a Disputed
Claim subsequent to the Effective Date will receive a Catch-Up Distribution. The
Disbursing Agent may, in its sole discretion, establish a record date prior to
each Periodic Distribution Date, such that only Claims Allowed as of the record
date will participate in such periodic distribution. Notwithstanding the
foregoing, the Disbursing Agent reserves the right, to the extent it determines
a distribution on any Periodic Distribution Date is uneconomical or unfeasible,
or is otherwise unadvisable, to postpone a Periodic Distribution Date.

     6.   DISTRIBUTIONS OF NEW DANA HOLDCO COMMON STOCK - NO FRACTIONAL SHARES;
ROUNDING

          Notwithstanding any other provision of the Plan, only whole numbers of
shares of New Dana Holdco Common Stock will be distributed. For purposes of all
distributions other than the distribution on the Final Distribution Date,
fractional shares of New Dana Holdco Common Stock will be carried forward to the
next Periodic Distribution Date. On the Final Distribution Date, fractional
shares of New Dana Holdco Common Stock will be rounded up or down to the nearest
whole number or zero, as applicable. No New Dana Holdco Common Stock will be
distributed on account of fractional shares that are rounded down.

     7.   DE MINIMIS DISTRIBUTIONS

          A    Disbursing Agent will not distribute Cash (including Excess
Minimum Cash) or New Dana Holdco Common Stock to the holder of an Allowed Claim
or Allowed Interest, as applicable, if the amount of Cash (including Excess
Minimum Cash) or New Dana Holdco Common Stock to be distributed on the
particular Periodic Distribution Date does not constitute a final distribution
to such holder and is, or has an economic value of, less than $500.

     8.   ADMINISTRATION AND DISTRIBUTION OF UNION EMERGENCE SHARES

          Notwithstanding anything in the Plan to the contrary, the Union
Emergence Shares shall be administered and distributed in accordance with
Appendix J to the Union Settlement Agreements.

G.   DISTRIBUTION RECORD DATE

     1.   A Disbursing Agent will have no obligation to recognize the transfer
of, or the sale of any participation in, any Allowed Claim that occurs after the
Distribution Record Date and will be entitled for all purposes herein to
recognize and make distributions only to those holders of Allowed Claims that
are holders of such Claims, or participants therein, as of the Distribution
Record Date.

     2.   As of the close of business on the Distribution Record Date, each
transfer register for (a) the Bonds, as maintained by the Indenture Trustee, and
(b) the Old Common Stock of Dana, as maintained by the transfer agent, will be
closed. The applicable Disbursing Agent will have no obligation and is not
permitted to recognize the transfer or sale of any Bondholder Claim or Interest
on account of Old Common Stock of Dana that occurs after the close of business
on the Distribution Record Date and will be entitled for all purposes herein to
recognize and make distributions only to those holders who are holders of such
Claims or Interests as of the close of business on the Distribution Record Date.

                                      -44-
<PAGE>
     3.   Except as otherwise provided in a Final Order, the transferees of
Claims that are transferred pursuant to Bankruptcy Rule 3001 prior to the
Distribution Record Date will be treated as the holders of such Claims for all
purposes, notwithstanding that any period provided by Bankruptcy Rule 3001 for
objecting to such transfer has not expired by the Distribution Record Date.

H.   MEANS OF CASH PAYMENTS

          Except as otherwise specified herein, Cash payments made pursuant to
the Plan will be by checks drawn on a domestic bank selected by the applicable
Disbursing Agent or, at the option of the applicable Disbursing Agent, by wire
transfer from a domestic bank.

I.   FOREIGN CURRENCY EXCHANGE RATE

          Except as otherwise provided in the Plan or a Bankruptcy Court order,
as of the Effective Date, any General Unsecured Claim asserted in a currency
other than U.S. dollars shall automatically be deemed converted to the
equivalent U.S. dollar value using the exchange rate as of March 2, 2006, as set
forth in the Federal Reserve Statistical Release for such date.

J.   ESTABLISHMENT OF RESERVES

          The  Debtors or Reorganized Debtors may establish any reserves that
they deem necessary or advisable to make distributions to holders of Allowed
Claims or otherwise to satisfy their obligations under the Plan.

K.   SURRENDER OF CANCELED INSTRUMENTS OR SECURITIES

     1.   TENDER OF BONDS

          Except as provided in Section VI.K.2 for lost, stolen, mutilated or
destroyed Bonds, each holder of any Bond not held through book entry must tender
such Bond to the applicable Third Party Disbursing Agent in accordance with a
letter of transmittal to be provided to such holders by the Third Party
Disbursing Agent as promptly as practicable following the Effective Date. The
letter of transmittal will include, among other provisions, customary provisions
with respect to the authority of the holder of such Bond to act and the
authenticity of any signatures required thereon. All surrendered Bonds will be
marked as canceled and delivered to the Reorganized Debtors.

     2.   LOST, STOLEN, MUTILATED OR DESTROYED BONDS

          Any  holder of an Allowed Bondholder Claim with respect to which the
underlying Bond has been lost, stolen, mutilated or destroyed must, in lieu of
surrendering such Bond, deliver to the Third Party Disbursing Agent: (a)
evidence satisfactory to the Third Party Disbursing Agent of the loss, theft,
mutilation or destruction; and (b) such security or indemnity as may be required
by the Third Party Disbursing Agent to hold the Third Party Disbursing Agent,
the Debtors and Reorganized Debtors harmless from any damages, liabilities or
costs incurred in treating such individual as a holder of such Bond. Upon
compliance with this Section VI.K.2 by a holder of an Allowed Bondholder Claim,
such holder will, for all purposes under the Plan, be deemed to have surrendered
the applicable Bond.

     3.   FAILURE TO SURRENDER BONDS

          Any  holder of a Bond not held through book entry that fails to
surrender or is deemed not to have surrendered the applicable Bond within one
year after the Effective Date will have its right to distributions pursuant to
the Plan on account thereof discharged and will be forever barred from asserting
any such Claim against the Reorganized Debtors or their respective property. In
such case, any New Dana Holdco Common Stock held for distribution on account
thereof will be treated pursuant to the provisions set forth in Section
VI.E.2.c.

                                      -45-
<PAGE>
     4.   TENDER OF OLD COMMON STOCK OF DANA

          Except as provided in Section VI.K.5 for lost, stolen, mutilated or
destroyed certificates of Old Common Stock of Dana, each holder of Old Common
Stock of Dana not held through book entry must tender the Old Common Stock of
Dana certificates to the Third Party Disbursing Agent in accordance with a
letter of transmittal to be provided to such holders by the Third Party
Disbursing Agent on or before the Effective Date. The letter of transmittal will
include, among other provisions, customary provisions with respect to the
authority of the holder of such certificates to act and the authenticity of any
signatures required thereon. All surrendered certificates of Old Common Stock of
Dana will be marked as canceled and delivered to the Reorganized Debtors.

     5.   LOST, STOLEN, MUTILATED OR DESTROYED OLD COMMON STOCK OF DANA

          Any  holder of an Allowed Interest on account of Old Common Stock of
Dana with respect to which the underlying Old Common Stock of Dana certificate
has been lost, stolen, mutilated or destroyed must, in lieu of surrendering such
certificate, deliver to the Third Party Disbursing Agent: (a) evidence
satisfactory to the Third Party Disbursing Agent of the loss, theft, mutilation
or destruction; and (b) such security or indemnity as may be required by the
Third Party Disbursing Agent to hold the Third Party Disbursing Agent, the
Debtors and the Reorganized Debtors harmless from any damages, liabilities or
costs incurred in treating such individual as a holder of such Old Common Stock
of Dana. Upon compliance with this Section VI.K.5 by a holder of an Allowed
Interest on account of Old Common Stock of Dana, such holder will, for all
purposes under the Plan, be deemed to have surrendered the applicable stock
certificate.

     6.   FAILURE TO SURRENDER OLD COMMON STOCK OF DANA

          Any  holder of an Allowed Interest on account of Old Common Stock of
Dana not held through book entry that fails to surrender or is deemed not to
have surrendered the applicable stock certificate will have its right to receive
distributions pursuant to the Plan on account of its Allowed Interest discharged
and will be forever barred from asserting any such Interest or related Claims
against the Debtors, Reorganized Debtors or their respective property.

L.   WITHHOLDING AND REPORTING REQUIREMENTS

     1.   In connection with the Plan, to the extent applicable, each Disbursing
Agent will comply with all applicable Tax withholding and reporting requirements
imposed on it by any governmental unit, and all distributions pursuant to the
Plan will be subject to applicable withholding and reporting requirements.
Notwithstanding any provision in the Plan to the contrary, each Disbursing Agent
will be authorized to take any actions that may be necessary or appropriate to
comply with such withholding and reporting requirements, including, without
limitation, liquidating a portion of the distribution to be made under the Plan
to generate sufficient funds to pay applicable withholding Taxes or establishing
any other mechanisms the Disbursing Agent believes are reasonable and
appropriate, including requiring Claim holders to submit appropriate Tax and
withholding certifications. To the extent any Claim holder fails to submit
appropriate Tax and withholding certifications as required by the Disbursing
Agent, such Claim holder's distribution will be deemed undeliverable and subject
to Section VI.E.2.

     2.   Notwithstanding any other provision of the Plan, each entity receiving
a distribution of Cash or New Dana Holdco Common Stock pursuant to the Plan will
have sole and exclusive responsibility for the satisfaction and payment of any
Tax obligations imposed on it by any governmental unit on account of the
distribution, including income, withholding and other Tax obligations.

     3.   The Debtors reserve the right to allocate and distribute all
distributions made under the Plan in compliance with all applicable wage
garnishments, alimony, child support and other spousal awards, liens and similar
encumbrances.

                                      -46-
<PAGE>
M.   SETOFFS

          Except with respect to claims of a Debtor or Reorganized Debtor
released pursuant to the Plan or any contract, instrument, release or other
agreement or document entered into or delivered in connection with the Plan,
each Reorganized Debtor or, as instructed by a Reorganized Debtor, a Third Party
Disbursing Agent may, pursuant to section 553 of the Bankruptcy Code or
applicable nonbankruptcy law, set off against any Allowed Claim and the
distributions to be made pursuant to the Plan on account of the Claim (before
any distribution is made on account of the Claim) the claims, rights and causes
of action of any nature that the applicable Debtor or Reorganized Debtor may
hold against the holder of the Allowed Claim; provided, however, that neither
the failure to effect a setoff nor the allowance of any Claim hereunder will
constitute a waiver or release by the applicable Debtor or Reorganized Debtor of
any claims, rights and causes of action that the Debtor or Reorganized Debtor
may possess against the Claim holder.

N.   APPLICATION OF DISTRIBUTIONS

          To   the extent applicable, all distributions to a holder of an
Allowed Claim will apply first to the principal amount of such Claim until such
principal amount is paid in full and then to any interest accrued on such Claim
prior to the Petition Date, and the remaining portion of such distributions, if
any, will apply to any interest accrued on such Claim after the Petition Date.

                                  ARTICLE VII.
                    PROCEDURES FOR RESOLVING DISPUTED CLAIMS

A.   TREATMENT OF DISPUTED CLAIMS

     1.   ADR PROCEDURES

          At   the Debtors' or, after the Effective Date, the Reorganized
Debtors' option, any Disputed Claim may be submitted to the ADR Procedures in
accordance with the terms of the ADR Procedures. Disputed Claims not resolved
through the ADR Procedures will be resolved pursuant to the Plan.

     2.   TORT CLAIMS

          At   the Debtors' or, after the Effective Date, the Reorganized
Debtors' option, any unliquidated Tort Claim (as to which a proof of Claim was
timely Filed in the Chapter 11 Cases) not resolved through the ADR Procedures
will be determined and liquidated in the administrative or judicial tribunal(s)
in which it is pending on the Effective Date or, if no action was pending on the
Effective Date, in any administrative or judicial tribunal of appropriate
jurisdiction. The Debtors or the Reorganized Debtors may exercise the above
option by service upon the holder of the applicable Tort Claim of a notice
informing the holder of such Tort Claim that the Debtors or the Reorganized
Debtors have exercised such option. Upon a Debtor's or Reorganized Debtor's
service of such notice, the automatic stay provided under section 362 of the
Bankruptcy Code, or after the Effective Date, the discharge injunction, will be
deemed modified, without the necessity for further Bankruptcy Court approval,
solely to the extent necessary to allow the parties to determine or liquidate
the Tort Claim in the applicable administrative or judicial tribunal(s).
Notwithstanding the foregoing, at all times prior to or after the Effective
Date, the Bankruptcy Court will retain jurisdiction relating to Tort Claims,
including the Debtors' right to have such Claims determined and/or liquidated in
the Bankruptcy Court (or the United States District Court having jurisdiction
over the Chapter 11 Cases) pursuant to Section 157(b)(2)(B) of title 28 of the
United States Code, as may be applicable. Any Tort Claim determined and
liquidated pursuant to a judgment obtained in accordance with this Section
VII.A.2 and applicable non-bankruptcy law that is no longer appealable or
subject to review will be deemed an Allowed Claim, as applicable, in Classes 5A,
5B, 5C, 5D, 5E and 5F against the applicable Debtor in such liquidated amount,
provided that only the amount of such Allowed Claim that is less than or equal
to the Debtor's self-insured retention or deductible in connection with any
applicable insurance policy and is not satisfied from proceeds of insurance
payable to the holder of such Allowed Claim under the Debtors' insurance
policies will be treated as an Allowed Claim for the purposes of distributions
under the Plan. In no event will a distribution be made under the Plan to the
holder of a Tort Claim on account of any portion of an Allowed Claim in excess
of the applicable Debtor's

                                      -47-
<PAGE>
deductible or self-insured retention under any applicable insurance policy. In
the event a Tort Claim is determined and liquidated pursuant to a judgment or
order that is obtained in accordance with this Section VII.A.2 and is no longer
appealable or subject to review, and applicable non-bankruptcy law provides for
no recovery against the applicable Debtor, such Tort Claim will be deemed
expunged without the necessity for further Bankruptcy Court approval upon the
applicable Debtor's service of a copy of such judgment or order upon the holder
of such Tort Claim. Nothing contained in this Section will constitute or be
deemed a waiver of any claim, right or cause of action that a Debtor may have
against any person or entity in connection with or arising out of any Tort
Claim, including but not limited to any rights under section 157(b)(5) of title
28 of the United States Code. All claims, demands, rights, defenses and causes
of action that the Debtors or the Reorganized Debtors may have against any
person or entity in connection with or arising out of any Tort Claim are
expressly retained and preserved.

     3.   DISPUTED INSURED CLAIMS

          The  resolution of Disputed Insured Claims, including Tort Claims,
pursuant to this Section VII.A shall be subject to the provisions of Section V.H
of the Plan.

     4.   NO DISTRIBUTIONS PENDING ALLOWANCE

          Notwithstanding any other provision of the Plan, no payments or
distributions will be made on account of a Disputed Claim until such Claim
becomes an Allowed Claim, if ever. In lieu of distributions under the Plan to
holders of Disputed Claims in Classes 5B, 5C, 5D, 5E and 5F, the Disputed
Unsecured Claims Reserve will be established on the Effective Date to hold the
Disputed Unsecured Claims Reserve Assets for the benefit of those Claim holders.

B.   PROSECUTION OF OBJECTIONS TO CLAIMS

     1.   OBJECTIONS TO CLAIMS

          All  objections to Claims must be Filed and served on the holders of
such Claims, and any amendment to the Schedules to reduce the scheduled Claim of
such holder must be made by the Debtors or the Reorganized Debtors by the Claims
Objection Bar Date. If an objection has not been Filed to a Claim or an
amendment has not been made to the Schedules with respect to a scheduled Claim
by the Claims Objection Bar Date, the particular Claim will be treated as an
Allowed Claim if such Claim has not been allowed earlier.

     2.   AUTHORITY TO PROSECUTE OBJECTIONS

          a.   OBJECTIONS FILED PRIOR TO THE EFFECTIVE DATE

          After the Confirmation Date, but prior to the Effective Date, the
Debtors and the Creditors' Committee will have the authority to File, settle,
compromise, withdraw or litigate to judgment objections to Claims, including
pursuant to any alternative dispute resolution or similar procedures approved by
the Bankruptcy Court.

          b.   OBJECTIONS FILED ON OR AFTER THE EFFECTIVE DATE

          Except as provided herein, on or after the Effective Date, the
Reorganized Debtors, in consultation with the Creditor Oversight Committee, will
have the sole authority to File, settle, compromise, withdraw or litigate to
judgment objections to Claims, including pursuant to any alternative dispute
resolution or similar procedures approved by the Bankruptcy Court. In the event
that the Reorganized Debtors have not Filed an objection to a General Unsecured
Claim within 20 days of their receipt of a written request from the Creditor
Oversight Committee that the Reorganized Debtors File such an objection, which
written request shall in no event be served upon the Reorganized Debtors prior
to the later of (i) 100 days after the Effective Date or (ii) 45 days after the
Filing of a proof of Claim for such General Unsecured Claim, the Creditor
Oversight Committee shall have the right to File an objection to such General
Unsecured Claim.

                                      -48-
<PAGE>
          C.   SETTLEMENT OR COMPROMISE OF DISPUTED CLAIMS ON OR AFTER THE
               EFFECTIVE DATE

          On   or after the Effective Date, only the Reorganized Debtors, in
consultation with the Creditor Oversight Committee, may settle or compromise any
Disputed Claim or any objection or controversy relating to any Claim, without
approval of the Bankruptcy Court; provided, however, that if the Creditor
Oversight Committee Files an objection to such settlement or compromise within
ten Business Days of receiving written notice of such settlement or compromise,
unless agreed to otherwise by the Parties, Bankruptcy Court approval will be
required.

     3.   AUTHORITY TO AMEND SCHEDULES

          The  Debtors or Reorganized Debtors, as applicable, will have the
authority to amend the Schedules with respect to any Claim and to make
distributions based on such amended Schedules without approval of the Bankruptcy
Court. If any such amendment to the Schedules reduces the amount of a Claim or
changes the nature or priority of a Claim, the Debtor or Reorganized Debtor will
provide (a) the holder of such Claim and (b) the Creditors' Committee or
Creditor Oversight Committee (as applicable) with notice of such amendment and
such parties will have 20 days to File an objection to such amendment with the
Bankruptcy Court. If no such objection is Filed, the applicable Disbursing Agent
may proceed with distributions based on such amended Schedules without approval
of the Bankruptcy Court.

C.   DISTRIBUTIONS ON ACCOUNT OF DISPUTED CLAIMS ONCE ALLOWED

          Distributions on account of Disputed Claims that become Allowed Claims
after the Effective Date shall be made in accordance with Article VI of the
Plan.

                                  ARTICLE VIII.
                          CONSOLIDATION OF THE DEBTORS

A.   CONSOLIDATION

          Pursuant to the Confirmation Order, the Bankruptcy Court shall approve
the consolidation of the Consolidated Debtors solely for the purpose of
implementing the Plan, including for purposes of voting, Confirmation and
distributions to be made under the Plan. Pursuant to such order: (1) all assets
and Liabilities of the Consolidated Debtors will be deemed merged; (2) all
guarantees by one Consolidated Debtor of the obligations of any other
Consolidated Debtor will be deemed eliminated so that any Claim against any
Consolidated Debtor and any guarantee thereof executed by any other Consolidated
Debtor and any joint or several liability of any of the Consolidated Debtors
will be deemed to be one obligation of the Consolidated Debtors; and (3) each
and every Claim Filed or to be Filed in the Chapter 11 Case of any of the
Consolidated Debtors will be deemed Filed against the Consolidated Debtors and
will be deemed one Claim against and a single obligation of the Consolidated
Debtors.

          Such consolidation (other than for the purpose of implementing the
Plan) shall not affect: (1) the legal and corporate structures of the
Consolidated Debtors, subject to the right of the Consolidated Debtors to effect
restructurings as provided in Section V.B; (2) pre- and post-Effective Date
guarantees, liens and security interests that are required to be maintained (a)
in connection with contracts or leases that were entered into during the Chapter
11 Cases or Executory Contracts and Unexpired Leases that have been or will be
assumed or (b) pursuant to the Plan; (3) Interests between and among the
Consolidated Debtors; (4) distributions from any insurance policies or proceeds
of such policies; and (5) the revesting of assets in the separate Reorganized
Debtors pursuant to Section V.A.

B.   ORDER GRANTING CONSOLIDATION

          This Plan shall serve as a motion seeking entry of an order
consolidating the Consolidated Debtors, as described and to the limited extent
set forth in Section VIII.A above. Unless an objection to such consolidation is
made in writing by any creditor affected by the Plan, Filed with the Bankruptcy
Court and served on the parties listed in Section X.F on or before five days
before either the Voting Deadline or such other date as may be fixed by the
Bankruptcy Court, the consolidation order (which may be the Confirmation Order)
may be entered

                                      -49-
<PAGE>
by the Bankruptcy Court. In the event any such objections are timely Filed, a
hearing with respect thereto shall occur at or before the Confirmation Hearing.
Notwithstanding this provision, nothing herein shall affect the obligation of
each and every Debtor to pay quarterly fees to the Office of the United States
Trustee in accordance with 28 U.S.C. Section 1930.

                                   ARTICLE IX.
                            RETENTION OF JURISDICTION

          Notwithstanding the entry of the Confirmation Order and the occurrence
of the Effective Date, the Bankruptcy Court will retain such jurisdiction over
the Chapter 11 Cases after the Effective Date as is legally permissible,
including jurisdiction to:

     A.   Allow, disallow, determine, liquidate, reduce, classify, re-classify,
estimate or establish the priority or secured or unsecured status of any Claim
or Interest (other than the liquidation of any Tort Claim in litigation that is
Reinstated pursuant to the Plan and Asbestos Personal Injury Claims), including
the resolution of any request for payment of any Administrative Claim and the
resolution of any objections to the amount, allowance, priority or
classification of Claims or Interests;

     B.   Either grant or deny any applications for allowance of compensation or
reimbursement of expenses authorized pursuant to the Bankruptcy Code or the Plan
for periods ending on or before the Effective Date;

     C.   Resolve any matters related to the assumption, assumption and
assignment or rejection of any Executory Contract or Unexpired Lease to which
any Debtor is a party or with respect to which any Debtor or Reorganized Debtor
may be liable and to hear, determine and, if necessary, liquidate any Claims
arising therefrom, including any Cure Amount Claims;

     D.   Ensure that distributions to holders of Allowed Claims and Allowed
Interests are accomplished pursuant to the provisions of the Plan;

     E.   Decide or resolve any motions, adversary proceedings, contested or
litigated matters and any other matters and either grant or deny any
applications involving any Debtor or any Reorganized Debtor that may be pending
on the Effective Date or brought thereafter;

     F.   Enter such orders as may be necessary or appropriate to implement or
consummate the provisions of the Plan and all contracts, instruments, releases
and other agreements or documents entered into or delivered in connection with
the Plan, the Creditor Oversight Committee Agreement, the Disclosure Statement
or the Confirmation Order;

     G.   Resolve any cases, controversies, suits or disputes that may arise in
connection with the consummation, interpretation or enforcement of the Plan, the
Creditor Oversight Committee Agreement or any contract, instrument, release or
other agreement or document that is entered into or delivered pursuant to the
Plan, the Creditor Oversight Committee Agreement or any entity's rights arising
from or obligations incurred in connection with the Plan, the Creditor Oversight
Committee Agreement or such documents;

     H.   Modify the Plan before or after the Effective Date pursuant to section
1127 of the Bankruptcy Code; modify the Disclosure Statement, the Confirmation
Order or any contract, instrument, release or other agreement or document
entered into or delivered in connection with the Plan, the Disclosure Statement
or the Confirmation Order; or remedy any defect or omission or reconcile any
inconsistency in any Bankruptcy Court order, the Plan, the Disclosure Statement,
the Confirmation Order or any contract, instrument, release or other agreement
or document entered into, delivered or created in connection with the Plan, the
Disclosure Statement or the Confirmation Order, in such manner as may be
necessary or appropriate to consummate the Plan;

     I.   Issue injunctions, enforce the injunctions contained in the Plan and
the Confirmation Order, enter and implement other orders or take such other
actions as may be necessary or appropriate to restrain interference by any
entity with consummation, implementation or enforcement of the Plan or the
Confirmation Order;

                                      -50-
<PAGE>
     J.   Enter and implement such orders as are necessary or appropriate if the
Confirmation Order is for any reason or in any respect modified, stayed,
reversed, revoked or vacated or distributions pursuant to the Plan are enjoined
or stayed;

     K.   Determine any other matters that may arise in connection with or
relate to the Plan, the Disclosure Statement, the Confirmation Order or any
contract, instrument, release or other agreement or document entered into or
delivered in connection with the Plan, the Disclosure Statement or the
Confirmation Order;

     L.   Enforce or clarify any orders previously entered by the Bankruptcy
Court in the Chapter 11 Cases;

     M.   Enter a final decree or decrees closing the Chapter 11 Cases;

     N.   Determine matters concerning state, local and federal Taxes in
accordance with sections 346, 505 and 1146 of the Bankruptcy Code, including any
Disputed Claims for Taxes;

     O.   Recover all assets of the Debtors and their Estates, wherever located;
and

     P.   Hear any other matter not inconsistent with the Bankruptcy Code.

                                   ARTICLE X.
                            MISCELLANEOUS PROVISIONS

A.   MODIFICATION OF THE PLAN

          Subject to the restrictions on alteration, amendment and modification
set forth in section 1127 of the Bankruptcy Code, the Appaloosa Investment
Agreement, the Appaloosa Plan Support Agreement and Appendix R to the Union
Settlement Agreements, the Debtors reserve the right to alter, amend or modify
the Plan before the Effective Date.

B.   REVOCATION OF THE PLAN

          The  Debtors reserve the right to revoke or withdraw the Plan prior to
the Confirmation Date. If the Debtors revoke or withdraw the Plan, or if
Confirmation does not occur, then the Plan will be null and void in all
respects, and nothing contained in the Plan will: (1) constitute a waiver or
release of any claims by or against, or any Interests in, any Debtor; (2)
prejudice in any manner the rights of any Debtor or any other party in interest;
or (3) constitute an admission of any sort by any Debtor or any other party in
interest.

C.   SEVERABILITY OF PLAN PROVISIONS

          If,  prior to Confirmation, any term or provision of the Plan is held
by the Bankruptcy Court to be invalid, void or unenforceable, the remainder of
the terms and provisions of the Plan will remain in full force and effect and
will in no way be affected, impaired or invalidated by such holding, alteration
or interpretation. The Confirmation Order will constitute a judicial
determination and will provide that each term and provision of the Plan, as it
may have been altered or interpreted in accordance with the foregoing, is valid
and enforceable pursuant to its terms.

D.   SUCCESSORS AND ASSIGNS

          The  rights, benefits and obligations of any entity named or referred
to in the Plan will be binding on, and will inure to the benefit of, any heir,
executor, administrator, successor or assign of such entity.

E.   THE APPALOOSA INVESTMENT AGREEMENT AND UNION SETTLEMENT AGREEMENTS

          Nothing in this Plan or the Disclosure Statement shall be deemed to be
an amendment of the Appaloosa Investment Agreement or the Union Settlement
Agreements. To the extent there is a conflict between

                                      -51-
<PAGE>
the terms of the Plan and the Appaloosa Investment Agreement and/or the Union
Settlement Agreements, the terms of the Appaloosa Investment Agreement and/or
the Union Settlement Agreements shall control.

F.   SERVICE OF DOCUMENTS

          Any  pleading, notice or other document required by the Plan or the
Confirmation Order to be served on or delivered to (1) the Debtors and the
Reorganized Debtors; (2) the Creditors' Committee; (3) the Retiree Committee;
(4) the Ad Hoc Bondholders' Committee; (5) Appaloosa; or (6) the Unions must be
sent by overnight delivery service, facsimile transmission, courier service or
messenger to:

     1.   THE DEBTORS AND REORGANIZED DEBTORS

          Corinne Ball, Esq.
          Richard H. Engman, Esq.
          JONES DAY
          222 East 41st Street
          New York, New York  10017
          Telephone: (212) 326-3939
          Facsimile: (212) 755-7306

                 - and -

          Heather Lennox, Esq.
          Carl E. Black, Esq.
          Ryan T. Routh, Esq.
          JONES DAY
          North Point
          901 Lakeside Avenue
          Cleveland, Ohio  44114
          Telephone: (216) 586-3939
          Facsimile: (216) 579-0212

                 - and -

          Jeffrey B. Ellman, Esq.
          JONES DAY
          1420 Peachtree Street, N.E.
          Suite 800
          Atlanta, Georgia  30309-3053
          Telephone: (404) 521-3939
          Facsimile: (404) 581-8330

          (Counsel to the Debtors and Reorganized Debtors)

     2.   THE CREDITORS' COMMITTEE

          Thomas Moers Mayer, Esq.
          Matthew J. Williams, Esq.
          Stephen D. Zide, Esq.
          KRAMER LEVIN NAFTALIS & FRANKEL LLP
          1177 Avenue of the Americas
          New York, New York  10036
          (212) 715-9100 (Telephone)
          (212) 715-8000 (Facsimile)

                                      -52-
<PAGE>
          (Counsel to the Creditors' Committee)

     3.   THE RETIREE COMMITTEE

          Trent P. Cornell, Esq.
          Jon Cohen, Esq.
          STAHL COWEN CROWLEY LLC
          55 West Monroe Street
          Suite 1200
          Chicago, Illinois  60603
          (312) 641-0060 (Telephone)
          (312) 641-6959 (Facsimile)

          (Counsel to the Retiree Committee)

     4.   THE AD HOC BONDHOLDERS' COMMITTEE

          Kristopher M. Hansen, Esq.
          Sayan Bhattacharyya, Esq.
          STROOCK & STROOCK & LAVAN LLP
          180 Maiden Lane
          New York, New York  10038
          (212) 806-6056 (Telephone)
          (212) 806-9056 (Facsimile)

          (Counsel to the Ad Hoc Bondholders' Committee)

     5.   APPALOOSA

          Gerard Uzzi, Esq.
          WHITE & CASE LLP
          1155 Avenue of the Americas
          New York, New York  10036
          (212) 819-8200 (Telephone)
          (212) 354-8113 (Facsimile)

          (Counsel to Appaloosa)

     6.   THE UNIONS

          Niraj R. Ganatra, Esq.
          Associate General Counsel
          International Union, United Automobile, Aerospace
           and Agricultural Implement Workers of America
          8000 East Jefferson Avenue
          Detroit, Michigan  48214
          (313) 926-5216 (Telephone)
          (313) 926-5240 (Facsimile)

                 - and -

                                      -53-
<PAGE>
          Lowell Peterson, Esq.
          Meyer Suozzi English & Klein PC
          1350 Broadway
          Suite 501
          New York, New York  10018
          (212) 239-4999 (Telephone)
          (212) 239-1311 (Facsimile)

          (Counsel to the UAW)

                 - and -

          David R. Jury, Esq.
          Associate General Counsel
          United Steel, Paper and Forestry, Rubber, Manufacturing,
           Energy, Allied Industrial and Service Workers International Union
          Five Gateway Center
          Suite 807
          Pittsburgh, Pennsylvania  15222
          (412) 562-2400 (Telephone)
          (412) 562-2574 (Facsimile)

                 - and -

          Babette Ceccotti, Esq.
          Cohen Weiss and Simon LLP
          330 West 42nd Street
          New York, New York  10036
          (212) 356-0227 (Telephone)
          (646) 473-8227 (Facsimile)

          (Counsel to the Unions)

                                      -54-
<PAGE>
Dated: _____ __, 2007                 Respectfully submitted,

                                      Dana Corporation, on its own behalf and
                                      on behalf of each affiliate Debtor

                                      By:
                                          -----------------------------------
                                      Name:  Marc S. Levin
                                      Title: Acting Secretary

                                      -55-
<PAGE>
COUNSEL:

Corinne Ball (CB 8203)
Richard H. Engman (RE 7861)
JONES DAY
222 East 41st Street
New York, New York  10017
Telephone: (212) 326-3939
Facsimile: (212) 755-7306

Heather Lennox (HL 3046)
Carl E. Black (CB 4803)
Ryan T. Routh (RR 1994)
JONES DAY
North Point
901 Lakeside Avenue
Cleveland, Ohio  44114
Telephone: (216) 586-3939
Facsimile: (216) 579-0212

Jeffrey B. Ellman (JE 5638)
JONES DAY
1420 Peachtree Street, N.E.
Suite 800
Atlanta, Georgia  30309-3053
Telephone: (404) 521-3939
Facsimile: (404) 581-8330

ATTORNEYS FOR DEBTORS
AND DEBTORS IN POSSESSION

                                      -56-THIS AGREEMENT IS NOT AN OFFER WITH RESPECT TO ANY SECURITIES OR
       A SOLICITATION OF ACCEPTANCES OF A CHAPTER 11 PLAN. SUCH OFFER OR
              SOLICITATION ONLY WILL BE MADE IN COMPLIANCE WITH ALL
              APPLICABLE SECURITIES LAWS AND/OR PROVISIONS OF THE
                                BANKRUPTCY CODE.

================================================================================

                             PLAN SUPPORT AGREEMENT

                                  by and among

                                DANA CORPORATION,

                              UNITED STEELWORKERS,

                          INTERNATIONAL UNION, UAW, AND

                            APPALOOSA MANAGEMENT L.P.

================================================================================

                           Dated as of _____ __, 2007
<PAGE>
                               TABLE OF CONTENTS

                                                                            Page

RECITALS      .................................................................2
ARTICLE I     OVERVIEW OF CERTAIN DEFINED TERMS................................3
ARTICLE II    OBLIGATIONS OF THE DEBTORS.......................................5
ARTICLE III   SUPPORT OBLIGATIONS OF THE USW, THE UAW AND APPALOOSA............6
ARTICLE V     PLAN FRAMEWORK...................................................9
ARTICLE VI    ADDITIONAL AGREEMENTS............................................9
ARTICLE VII   TERMINATION EVENTS...............................................9
ARTICLE VIII  GOVERNING LAW; JURISDICTION; VENUE..............................10
ARTICLE IX    IMPLEMENTATION..................................................10
ARTICLE X     GENERAL PROVISIONS..............................................11
EXHIBITS
Exhibit A: Form of Plan
Exhibit B: Investment Agreement

                                      -i-
<PAGE>
                             PLAN SUPPORT AGREEMENT

     This Plan Support Agreement (this "Agreement"), is entered into as of
______ __, 2007, by and among Dana Corporation ("Dana"), on behalf of itself and
its subsidiaries operating as debtors and debtors-in-possession (together with
Dana, the "Debtors") in the Chapter 11 Cases (as defined below); the United
Steelworkers (the "USW"); the International Union, UAW (the "UAW"); and
Appaloosa Management L.P. on behalf of itself and its affiliates ("Appaloosa").
Each of the Debtors, the USW, the UAW, Appaloosa and the Supporting Creditors is
referred to herein individually as a "Party," and collectively, as the
"Parties". As used herein, the words "this Agreement", "hereto", "hereunder" and
words of like import shall mean this Agreement.

                                    RECITALS

     A.   On March 3, 2006, the Debtors commenced jointly administered
chapter 11 cases (together, the "Chapter 11 Cases") in the Bankruptcy Court
(as defined below).

     B.   On March 3, 2006, Stroock & Stroock & Lavan LLP ("Stroock") was
retained as counsel to an ad hoc group of holders of the Debtors' unsecured
bonds (the "Ad Hoc Group").

     C.   On February 1, 2007, the Debtors filed the Motion and Memorandum of
Law of Debtors and Debtors in Possession to Reject their Collective Bargaining
Agreements and to Modify their Retiree Benefits Pursuant to Sections 1113 and
1114 of the Bankruptcy Code (the "1113/1114 Litigation").

     D.   In March and April 2007, the trial with respect to the 1113/1114
Litigation took place before the Bankruptcy Court.

     E.   Commencing April 2007, the Debtors, the USW, the UAW and their
advisors engaged in discussions regarding a possible consensual resolution of
(i) the 1113/1114 Litigation and (ii) all other issues between the Debtors and
each of the USW and the UAW related to the Debtors' restructuring (the "Global
Settlement"). The Global Settlement includes, among other things, the settlement
of 1113/1114 Litigation reached by and among the Debtors and each of the Unions
as of July 5, 2007, as amended (the "Union Settlement Agreements").

     F.   On August 1, 2007, the Bankruptcy Court entered an order approving the
Global Settlement.

     G.   On ____ __, 2007, the Debtors accepted a proposal from Appaloosa
pursuant to which Appaloosa will become the lead plan investor under the Global
Settlement in accordance with the terms of the Investment Agreement (as defined
below).

     H.   On ____ __, 2007, the USW and UAW consented to the transactions
contemplated by the Investment Agreement in accordance with the terms of
Appendix R of the Union Settlement Agreements.

                                       2
<PAGE>
     I.   This Agreement sets forth the Parties' agreement with respect to their
support of a plan of reorganization for the Debtors in order to implement the
Plan (as defined below) and the Investment Agreement.

     J.   Appaloosa will make the New Investment (as defined below) on the terms
and on the conditions set forth in the Investment Agreement, which sets forth
the obligations of Appaloosa to make the New Investment in exchange for certain
Convertible Preferred Shares (as defined below) to be issued by Reorganized Dana
under a confirmed Plan.

     K.   Subject to the terms of this Agreement, the Parties have agreed to
work together to attempt to complete the negotiation of the terms of the Plan,
as well as to resolve other outstanding issues, and to formulate and facilitate
confirmation and consummation of the Plan and the transactions contemplated
hereby; provided, however, that Dana will be the sole proponent of the Plan.

     L.   In so agreeing, the Parties do not desire and do not intend in any way
to avoid, violate or diminish (i) the disclosure, solicitation and other
requirements of applicable securities and bankruptcy laws or (ii) the fiduciary
duties of the Debtors or any such other Party having such duties.

                                    AGREEMENT

                                    ARTICLE I

                        OVERVIEW OF CERTAIN DEFINED TERMS

1113/1114 Litigation     Has the meaning set forth in Recital C hereof

Ad Hoc Group             Has the meaning set forth in Recital B hereof

Agreement                Has the meaning set forth in the Preamble hereof

Appaloosa                Has the meaning set forth in the Preamble hereof

Bankruptcy Code          Means the Bankruptcy Reform Act of 1978, as amended,
                         and codified at title 11 of the United States Code and
                         as applicable to the Chapter 11 Cases

Bankruptcy Court         Means the United States Bankruptcy Court for the
                         Southern District of New York

Bankruptcy Rules         Mean the Federal Rules of Bankruptcy Procedure

Chapter 11 Cases         Has the meaning set forth in Recital A hereof

Claim                    Has the meaning ascribed to it in section 101 of the
<PAGE>
                         Bankruptcy Code

Commitment Fee           Has the meaning set forth in the Investment Agreement
                         attached hereto as Exhibit B

Confirmation Order       Means the order of the Bankruptcy Court approving the
                         Debtors' Plan in form and substance reasonably
                         acceptable to the USW, the UAW and Appaloosa

Convertible Preferred    Means, collectively, the Series A Preferred and the
Shares                   Series B Preferred (both as defined in the Investment
                         Agreement)

Creditors Committee      Has the meaning set forth in Section 8.4(a) hereof

Dana                     Has the meaning set forth in the Preamble hereof

Debtors                  Has the meaning set forth in the Preamble hereof

Disclosure Statement     Means a disclosure statement with respect to the Plan
                         filed by the Debtors with the Bankruptcy Court

Disclosure Statement     Means the order of the Bankruptcy Court approving the
Order                    Debtors' Disclosure Statement, which shall be in form
                         and substance reasonably acceptable to the USW, the
                         UAW and Appaloosa

Effective Date           Means a day, as determined by the Debtors and
                         reasonably acceptable to Appaloosa, that is the
                         business day as soon as reasonably practicable after
                         all conditions to the effective date set forth in the
                         Plan have been met or waived

Exit Facility            Has the meaning set forth in the form of Plan attached
                         hereto as Exhibit A

Global Settlement        Has the meaning set forth in Recital E hereof

Investment Agreement     Means the Investment Agreement among Dana Corporation
                         and Appaloosa, attached hereto as Exhibit B and
                         incorporated herein by reference

Motion                   Has the meaning set forth in section 2.1 hereof

New Investment           Means the proposed investment in the Reorganized
                         Company by Appaloosa and other potential investors

Party or Parties         Has the meaning set forth in the Preamble hereof

Plan                     Means the chapter 11 plan of reorganization of the
                         Debtors,
<PAGE>
                         which shall be reasonably acceptable to the USW, the
                         UAW and Appaloosa and substantially in the
                         form of the plan annexed hereto as Exhibit A

Reorganized Company      Means the Reorganized Debtors and their nondebtor
                         subsidiaries

Reorganized Dana         Means a corporation that shall be the successor of
                         Dana under a confirmed Plan

Reorganized Debtors      Means the Debtors, or any successor thereto, on or
                         after the Effective Date of the Plan

Standby Purchasers       Has the meaning set forth in the Investment Agreement

Termination Event        Has the meaning set forth in section 6.1 hereof

UAW                      Has the meaning set forth in the Preamble hereof

Unions                   Means the authorized representatives of the USW and UAW

Union Settlement         Has the meaning set forth in Recital E
Agreements

USW                      Has the meaning set forth in the Preamble hereof

Unsecured Claims         Means unsecured nonpriority Claims other than: (i)
                         subject to Appaloosa's reasonable approval as to the
                         size of the Claims contained in such class, convenience
                         class claims, and (ii) subject to Appaloosa's
                         reasonable approval, (a) asbestos personal injury
                         claims, (b) intercompany claims, (c) Dana Credit
                         Corporation claims and (d) any Claims of the non-union
                         retirees represented by the Official Committee of
                         Non-Union Retirees

                                   ARTICLE II

                           OBLIGATIONS OF THE DEBTORS

     The Debtors presently believe that, subject to the exercise of their
fiduciary duties as debtors and debtors-in-possession (after consultation with
outside legal and financial advisors), prompt consummation of the Plan will
facilitate the Debtors' reorganization and is in the best interests of their
creditors, shareholders and other parties-in-interest. Accordingly, the Debtors
hereby agree, subject to the exercise of their fiduciary duties as debtors and
debtors-in-possession (after consultation with outside legal and financial
advisors), to use reasonable best efforts to propose the Plan and prosecute
confirmation and consummation thereof. Subject to the foregoing, for as long as
this Agreement remains in effect, the Debtors agree to:
<PAGE>
     2.1  Prepare and file with the Bankruptcy Court a motion (the "Motion")
seeking an order, which shall be in form and substance reasonably acceptable to
the USW, UAW and Appaloosa, from the Bankruptcy Court (i) approving and
authorizing the Debtors to enter into the Investment Agreement and this
Agreement; and (ii) determining that the Parties' entry into, and performance
of, their obligations under the Investment Agreement and this Agreement do not
violate any law, including the Bankruptcy Code, and do not give rise to any
claim or remedy against the Parties; and

     2.2  Not object to any application under section 503(b) or inclusion as
part of the Plan under section 1129(a)(4) by Stroock for its representation of
the Ad Hoc Group for payment of its reasonable legal fees and expenses from the
filing of the Debtors' chapter 11 cases to the Effective Date up to a cap of $5
million; and

     2.3  Not propose any Plan premised upon the use of section 382(l)(5) of the
Internal Revenue Code and will propose only a Plan premised upon the use of
section 382(l)(6) of the Internal Revenue Code; and

     2.4  Engage in good faith negotiations with the other Parties and other
parties in interest regarding the Plan, Disclosure Statement and other
definitive documents that are consistent with this Agreement and that resolve
all unresolved items reflected herein and/or are necessary to the implementation
of the transactions contemplated by this Agreement; including, without
limitation:

          a.   Using reasonable best efforts to negotiate with parties in
interest and thereafter file an amended plan, substantially in the form of the
Plan, and related Disclosure Statement by _______ __, 2007; and

          b.   Use reasonable best efforts to obtain entry by the Bankruptcy
Court of the Confirmation Order on or before February 28, 2008.

                                  ARTICLE III

                     SUPPORT OBLIGATIONS OF THE USW, THE UAW
                                  AND APPALOOSA

     Unless and until this Agreement has been terminated in accordance with its
terms, each of the USW, the UAW and Appaloosa agrees (and shall cause its
respective affiliates to agree) that:

     3.1  It will support prosecution, confirmation and consummation of the Plan
including without limitation, (i) the entry of the Disclosure Statement Order
and (ii) the entry of the Confirmation Order, despite objection or the rejection
of the Plan (whether by vote or operation of section 1126(g) of the Bankruptcy
Code) by any impaired class; provided, however, that, for the avoidance of
doubt, nothing in this subsection is an agreement by any of the USW or the UAW
to vote to accept or reject the Plan.

     3.2  It will not, nor will it encourage any other person or entity to, (i)
object to, delay, impede, appeal, or take any other action, directly or
indirectly, to interfere with, the entry of the
<PAGE>
Disclosure Statement Order; (ii) commence any proceeding or prosecute, join in,
or otherwise support any action to oppose or object to the Plan or Disclosure
Statement; and (iii) delay, object to, impede, appeal, or take any other action,
directly or indirectly, to interfere with the acceptance or confirmation of the
Plan, the entry of the Confirmation Order or the occurrence of the Effective
Date.

     3.3  It will engage in good faith negotiations with the other Parties and
other parties in interest regarding the Plan, Disclosure Statement and other
definitive documents that are consistent with this Agreement and/or are
necessary to the implementation of the transactions contemplated by this
Agreement.

     3.4  Appaloosa hereby acknowledges and agrees that it has completed such
due diligence review as is required in order to commit to the New Investment and
that its obligations hereunder are not subject to any due diligence condition.
Without limiting the foregoing, the Debtors will continue to provide Appaloosa
with such information and access as it reasonably requests.

     3.5  With respect to the UAW and USW only, not object to any application
under section 503(b) or as part of the Plan under section 1129(a)(4) by Stroock
for its representation of the Ad Hoc Group for payment of its reasonable legal
fees and expenses from the filing of the Debtors' Chapter 11 Cases to the
Effective Date up to a cap of $5 million.

     3.6  With respect to Appaloosa only, support through publicly filed
pleadings any application under section 503(b) or as part of the Plan under
section 1129(a)(4) by Stroock for its representation of the Ad Hoc Group for
payment of its reasonable legal fees and expenses from the filing of the
Debtors' chapter 11 cases to the Effective Date up to a cap of $5 million.

     3.7  It will not support any Plan premised upon the use of
section 382(l)(5) of the Internal Revenue Code and will support only a Plan
premised upon the use of section 382(l)(6) of the Internal Revenue Code.

                                   ARTICLE IV

                                 PLAN FRAMEWORK

     4.1  The Plan will contain the terms set forth in the form of Plan and the
Investment Agreement, both of which are attached as Exhibits hereto and are
incorporated herein by reference.

                                    ARTICLE V

                              ADDITIONAL AGREEMENTS

     The Parties acknowledge and agree that as a critical and integral part of
the Global Settlement, the following agreements have been executed and
delivered:

     5.1  The Debtors have executed and delivered the Union Settlement
Agreements, including the amendment dated as of the date hereof.
<PAGE>
     5.2  The USW and the UAW have executed and delivered their respective Union
Settlement Agreement in accordance with their respective constitutions,
including the amendment dated as of the date hereof; and

     5.3  The Debtors and Appaloosa will execute and deliver the Investment
Agreement.

                                   ARTICLE VI

                               TERMINATION EVENTS

     6.1  The occurrence of any of the following shall be a "Termination Event":

          a.   The termination of the Investment Agreement once executed;

          b.   The termination of any one of the Union Settlement Agreements;

          c.   The Plan fails to become effective on or before May 1, 2008;

          d.   Any court shall declare, in a final, non-appealable order, this
Agreement to be unenforceable;

          e.   The Debtors obtain approval of a disclosure statement other than
the Disclosure Statement; or

          f.   The Motion is denied by the Bankruptcy Court.

     6.2  All obligations hereunder of all Parties shall terminate and shall be
of no further force and effect:

          a.   Automatically, and without written notice, upon the occurrence of
the Termination Events described in Subsections 6.1(a), (b), (d), (e) and (f)
above;

          b.   Unless waived in writing by all Parties, upon written notice by
one Party upon the occurrence of the Termination Events described in Subsection
6.1(c) above; and

          c.   Automatically, and without written notice, immediately prior to
the issuance of the common stock and Convertible Preferred Shares contemplated
by the Plan and the Investment Agreement.

                                   ARTICLE VII

                       GOVERNING LAW; JURISDICTION; VENUE

     This Agreement shall be governed and construed in accordance with the
internal laws of the State of New York without regard to any conflict of law
provision that could require the application of the law of any other
jurisdiction. By its execution and delivery of this Agreement, each Party hereby
irrevocably and unconditionally agrees that the Bankruptcy Court will retain
exclusive jurisdiction over all matters related to the construction,
interpretation or enforcement
<PAGE>
of this Agreement. Each Party further agrees to waive any objection based on
forum non conveniens. Each Party waives any right it may have to a trial by jury
and consents to the Bankruptcy Court hearing and determining any matters related
to the construction, interpretation or enforcement of this Agreement and the
Investment Agreement without regard to whether such matter is a core matter
within the meaning of 28 U.S.C. Section 157(b).

                                  ARTICLE VIII

                                 IMPLEMENTATION

     8.1  After execution of this Agreement by all Parties, the Debtors will
file the Motion with the Bankruptcy Court. The USW and the UAW will timely file
statements in support of the Motion with the Bankruptcy Court.

     8.2  The Parties agree to negotiate in good faith all of the documents and
transactions described in, or in connection with, this Agreement. Without
limiting the foregoing, the Exit Facility will be with parties and on market
terms reasonably acceptable to Appaloosa; provided that the Debtors shall have
the obligation to consult with Appaloosa regarding such terms and parties.

     8.3  All holders of allowed Unsecured Claims will be entitled to purchase
shares of Series B Preferred at par value on a pro rata basis in accordance with
the terms of the Investment Agreement. Any shares of Series B Preferred not
purchased under the Series B Rights Offering will be purchased at par value by
Appaloosa and the Standby Purchasers; provided, however, that Appaloosa and the
Standby Purchasers shall receive a guaranteed minimum of 40% of the total
aggregate of shares of Series B Preferred and the Commitment Fee as
consideration for their agreement to purchase the excess shares of Series B
Preferred.

     8.4  (a) Any signatory who is a member of the Official Committee of
Unsecured Creditors appointed in the Chapter 11 Cases (the "Creditors
Committee") executes this Agreement only in its individual capacity and not as a
member of the Creditors Committee, and nothing contained herein shall apply to
limit the free and unrestricted performance of such signatory's duties as a
member of the Creditors Committee, including, without limitation, the
consideration and action, solely as a Creditors Committee member and not in its
individual capacity, with respect to any competing plan of reorganization.

(b) Nothing contained herein shall restrict the right of a signatory to contact
the Creditors Committee to provide comments on any relevant matter under Section
1102(b)(2)(B) of the Bankruptcy Code, including without limitation the
signatory's views in favor of or against any competing plan of reorganization.
<PAGE>
                                   ARTICLE IX

                               GENERAL PROVISIONS

     9.1  It is an express condition to the effectiveness of this Agreement that
the Bankruptcy Court shall have entered an order approving the Motion.

     9.2  Except as expressly provided in this Agreement, nothing contained
herein (a) is intended to, or does, in any manner waive, limit, impair or
restrict the ability of each of the Parties to protect and preserve its rights,
remedies, and interests; (b) may be deemed an admission of any kind; or (c)
effects a modification of any existing agreement until such time as the
Bankruptcy Court may have approved such modification. If the transactions
contemplated herein are not consummated, or if this Agreement is terminated for
any reason, the Parties fully reserve any and all of their rights. Pursuant to
Federal Rule of Evidence 408 and any applicable state rules of evidence, this
Agreement and all negotiations relating thereto are not admissible into evidence
in any proceeding other than a proceeding to enforce the terms of this
Agreement.

     9.3  Appaloosa shall promptly deliver to the Debtors, the USW and the UAW
written notice upon the termination of the Investment Agreement. The Debtors
shall promptly deliver to Appaloosa, the USW and the UAW written notice upon the
termination of the Investment Agreement.

     9.4  The USW and/or the UAW shall deliver to the Debtors, the USW or the
UAW (as applicable) and Appaloosa written notice upon the termination of any one
of the Union Settlement Agreements as and when provided therein.

     9.5  Each Party hereby acknowledges that this Agreement is not, and shall
not be deemed to be, a solicitation to accept or reject a plan or the Plan in
contravention of section 1125(b) of the Bankruptcy Code. Each Party further
acknowledges that no securities of any Debtor are being offered or sold hereby
and that this Agreement does not constitute an offer to sell or a solicitation
of an offer to buy any securities of any Debtor.

     9.6  Each Party, severally and not jointly, represents, covenants, warrants
and agrees to each other Party, only as to itself and not as to each of the
others, that the following statements, as applicable, are true, correct and
complete as of the date hereof:

          a.   It has all requisite power and authority to enter into this
Agreement and to perform its obligations hereunder;

          b.   It is duly organized, validly existing, and in good standing
under the laws of its state of organization and it has the requisite power and
authority to execute and deliver this Agreement and to perform its obligations
hereunder;

          c.   The execution and delivery of this Agreement and the performance
of its obligations hereunder have been duly authorized by all necessary action
on its part; provided, however, that the Debtors' authority to enter into this
Agreement is subject to Bankruptcy Court approval;
<PAGE>
          d.   This Agreement has been duly executed and delivered by it and
constitutes its legal, valid, and binding obligation, enforceable in accordance
with the terms hereof, subject to entry of the order approving the Motion;

          e.   The execution, delivery, and performance by it (when such
performance is due) of this Agreement do not and shall not (i) violate any
provision of law, rule, or regulation applicable to it or any of its affiliates
or its certificate of incorporation or bylaws or other organizational documents
or those of any of its affiliates or (ii) conflict with, result in a breach of,
or constitute (with due notice or lapse of time or both) a default under any
material contractual obligation to which it or any of its affiliates is a party;
and

          f.   There are no undisclosed agreements or commitments between or
among the Parties or, to the knowledge of the Parties, any other parties
regarding matters subject to the terms of this Agreement.

     9.7  Except as otherwise specifically provided herein, this Agreement may
not be modified, waived, amended or supplemented unless such modification,
waiver, amendment or supplement is in writing and has been signed by each Party.
No waiver of any of the provisions of this Agreement shall be deemed or
constitute a waiver of any other provision of this Agreement, whether or not
similar, nor shall any waiver be deemed a continuing waiver.

     9.8  This Agreement is intended to bind and inure to the benefit of the
Parties and their respective successors, assigns, heirs, executors,
administrators, and representatives; provided, however, that nothing contained
in this subsection shall be deemed to permit sales, assignments, delegations or
transfers of this Agreement or any Party's rights or obligations hereunder.

     9.9  Nothing contained in this Agreement is intended to confer any rights
or remedies under or by reason of this Agreement on any person or entity other
than the Parties hereto, nor is anything in this Agreement intended to relieve
or discharge the obligation or liability of any third party to any Party to this
Agreement, nor shall any provision give any third party any right of subrogation
or action over or against any Party to this Agreement.

     9.10 All notices and other communications in connection with this Agreement
shall be in writing and shall be deemed given (and shall be deemed to have been
duly given upon receipt) if delivered personally, sent via electronic facsimile
(with confirmation), mailed by registered or certified mail (return receipt
requested) or delivered by an express courier (with confirmation) to the Parties
at the following addresses:

          a.   If to the Debtors, to:

                    Dana Corporation
                    4500 Dorr Street
                    Toledo, OH 43615
                    Facsimile: (419) 535-4790
                    Attention: Marc S. Levin, Esq.

               with a copy to:
<PAGE>
                    Jones Day
                    222 East 41st Street
                    New York, NY  10017
                    Facsimile: (212) 755-7306
                    Attention: Corinne Ball, Esq.
                               Marilyn W. Sonnie, Esq.

          b.   If to the USW, to:

                    United Steelworkers
                    Five Gateway Center
                    Pittsburgh, PA  15222
                    Facsimile: (412) 562-2429
                    Attention: David R. Jury, Esq.

          c.   If to the UAW, to:

                    International Union, UAW
                    Solidarity House
                    8000 East Jefferson Avenue
                    Detroit, MI  48214
                    Facsimile: (313) 926-5240
                    Attention: Niraj R. Ganatra, Esq.

          d.   If to Appaloosa, to:

                    Appaloosa Management L.P.
                    26 Main Street
                    Chatham, NJ 07928
                    Facsimile: (973) 701-7055
                    Attention: James Bolin

               with a copy to:

                    White & Case LLP
                    1155 Avenue of the Americas
                    New York, NY  10036
                    Facsimile: (212) 354-8113
                    Attention: Gerard Uzzi, Esq.
                               Steven Teichman, Esq.
<PAGE>
     9.11 This Agreement may be executed in one or more counterparts, each of
which shall be deemed an original and all of which shall constitute one and the
same Agreement. Delivery of an executed signature page of this Agreement by
facsimile or electronic transmission shall be effective as delivery of a
manually executed signature page of this Agreement.

     9.12 This Agreement constitutes the entire agreement among the Parties with
respect to the subject matter hereof and supersedes all prior agreements,
whether oral or written, with respect to such subject matter. This Agreement is
the product of negotiations among the Parties and represents the Parties'
intentions. In any action to enforce or interpret this Agreement, this Agreement
shall be construed in a neutral manner, and no term or provision of this
Agreement, or this Agreement as a whole, shall be construed more or less
favorably to any Party.

     9.13 The agreements, representations and obligations of the Parties under
this Agreement are, in all respects, several and not joint. Any breach of this
Agreement by any Party shall not result in liability for any other non-breaching
Party.

  [Remainder of page intentionally blank; remaining pages are signature pages.]
<PAGE>
     IN WITNESS WHEREOF, the undersigned have each caused this Agreement to be
duly executed and delivered by their respective, duly authorized representatives
as of the date first above written.

                                                       DANA CORPORATION

                                                       By:
                                                           ---------------------
                                                           Name:
                                                           Title:

                                                       UNITED STEELWORKERS

                                                       By:
                                                           ---------------------
                                                           Name:
                                                           Title:

                                                       INTERNATIONAL UNION, UAW

                                                       By:
                                                           ---------------------
                                                           Name:
                                                           Title:

                                                       APPALOOSA MANAGEMENT L.P.

                                                       By:
                                                           ---------------------
                                                           Name:
                                                           Title:
<PAGE>
                                    EXHIBIT A

                                 [Form of Plan]
<PAGE>
                                    EXHIBIT B

                      [Investment Agreement with Exhibits]

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