Document:

EX-10.2

 Exhibit 10.2 

INTELLECTUAL PROPERTY SECURITY AGREEMENT 

This Intellectual Property Security Agreement (this “Agreement”) is entered into as of September 26, 2013 by and among
SILICON VALLEY BANK (“Bank”) and REAL GOODS ENERGY TECH, INC., a Colorado corporation (“Real Goods Energy”), REAL GOODS TRADING CORPORATION, a California corporation (“Real Goods
Trading”), REAL GOODS SYNDICATED, INC., a Delaware corporation (“Syndicated”) and ALTERIS RENEWABLES, INC., a Delaware corporation (“Alteris” and together with Real Goods Energy Real Goods
Trading and Syndicated individually and collectively, jointly and severally, the “Borrower”), and REAL GOODS SOLAR, INC., a Colorado corporation (the “Secured Guarantor”, and together with each Borrower the
“Grantor”). 
 RECITALS 

A. Bank has agreed to make certain advances of money and to extend certain financial accommodations to, among others, Grantor (the
“Loans”) in the amounts and manner set forth in that certain Loan and Security Agreement, dated as of December 19, 2011, as amended by a certain First Loan Modification Agreement, dated as of August 28, 2012, as further
amended by a certain Second Loan Modification and Reinstatement Agreement, dated as of November 13, 2012, as further amended by a certain Third Loan Modification Agreement, dated as of March 27, 2103 and as further amended by a certain
Joinder and Fourth Loan Modification Agreement, dated as of the date hereof (as the same may be further amended, modified or supplemented from time to time, the “Loan Agreement”; capitalized terms used herein are used as defined in
the Loan Agreement). Bank is willing to make the Loans to Grantor, but only upon the condition, among others, that Grantor shall grant to Bank a security interest in certain Copyrights, Trademarks, Patents, and Mask Works (as each term is described
below) to secure the obligations of Grantor under the Loan Agreement. 
 B. Pursuant to the terms of the Loan Agreement, Grantor has granted
to Bank a security interest in all of Grantor’s right, title and interest, whether presently existing or hereafter acquired, in, to and under all of the Collateral. 

NOW, THEREFORE, for good and valuable consideration, receipt of which is hereby acknowledged, and intending to be legally bound, as collateral
security for the prompt and complete payment when due of its obligations under the Loan Agreement, Grantor hereby represents, warrants, covenants and agrees as follows: 

AGREEMENT 
 To secure its
obligations under the Loan Agreement, Grantor grants and pledges to Bank a security interest in all of Grantor’s right, title and interest in, to and under its intellectual property (all of which shall collectively be called the
“Intellectual Property Collateral”), including, without limitation, the following: 
 1. Any and all copyright rights,
copyright applications, copyright registrations and like protections in each work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret, now or hereafter existing,
created, acquired or held, including without limitation those set forth on Exhibit A attached hereto (collectively, the “Copyrights”); 

2. Any and all trade secrets, and any and all intellectual property rights in computer software and computer software products now or
hereafter existing, created, acquired or held; 

 3. Any and all design rights that may be available to Grantor now or hereafter existing, created,
acquired or held; 
 4. All patents, patent applications and like protections including, without limitation, improvements, divisions,
continuations, renewals, reissues, extensions and continuations-in-part of the same, including without limitation the patents and patent applications set forth on Exhibit B attached hereto (collectively, the “Patents”); 

5. Any trademark and servicemark rights, whether registered or not, applications to register and registrations of the same and like
protections, and the entire goodwill of the business of Grantor connected with and symbolized by such trademarks, including without limitation those set forth on Exhibit C attached hereto (collectively, the “Trademarks”);

 6. All mask works or similar rights available for the protection of semiconductor chips, now owned or hereafter acquired, including,
without limitation those set forth on Exhibit D attached hereto (collectively, the “Mask Works”); 
 7. Any and all
claims for damages by way of past, present and future infringements of any of the rights included above, with the right, but not the obligation, to sue for and collect such damages for said use or infringement of the intellectual property rights
identified above; 
 8. All licenses or other rights to use any of the Copyrights, Patents, Trademarks, or Mask Works and all license fees
and royalties arising from such use to the extent permitted by such license or rights; 
 9. All amendments, extensions, renewals and
extensions of any of the Copyrights, Trademarks, Patents, or Mask Works; and 
 10. All proceeds and products of the foregoing, including
without limitation all payments under insurance or any indemnity or warranty payable in respect of any of the foregoing. 
 This security
interest is granted in conjunction with the security interest granted to Bank under the Loan Agreement. The rights and remedies of Bank with respect to the security interest granted hereby are in addition to those set forth in the Loan Agreement and
the other Loan Documents, and those which are now or hereafter available to Bank as a matter of law or equity. Each right, power and remedy of Bank provided for herein or in the Loan Agreement or any of the Loan Documents, or now or hereafter
existing at law or in equity shall be cumulative and concurrent and shall be in addition to every right, power or remedy provided for herein and the exercise by Bank of any one or more of the rights, powers or remedies provided for in this
Agreement, the Loan Agreement or any of the other Loan Documents, or now or hereafter existing at law or in equity, shall not preclude the simultaneous or later exercise by any person, including Bank, of any or all other rights, powers or remedies.

 [Signature page follows.] 

  
 2 

 IN WITNESS WHEREOF, the parties have caused this Intellectual Property Security Agreement to be
duly executed by its officers thereunto duly authorized as of the first date written above. 
  

									
		 		 		 	GRANTOR:
				
	Address of Grantor:	 		 		 	
			
	 c/o Real Goods Energy Tech, Inc.

833 West South Boulder Road
	 		 	 REAL GOODS ENERGY TECH, INC.
  

	Louisville, CO 80027	 		 	By:	 	  /s/ Anthony M. Dipaolo

	 Attention: Anthony M. Dipaolo

E-mail: tony.dipaolo@realgoods.com
	 		 	 Name: Anthony M. Dipaolo
 Title:
Chief Financial Officer

			
	REAL GOODS TRADING CORPORATION	 		 	REAL GOODS SYNDICATED, INC.
					
	By:	 	  /s/ Anthony M. Dipaolo
	 		 	By:	 	  /s/ Anthony M. Dipaolo

	 Name: Anthony M. Dipaolo
 Title:
Chief Financial Officer
	 		 	 Name: Anthony M. Dipaolo
 Title:
Chief Financial Officer

			
	ALTERIS RENEWABLES, INC.	 		 	REAL GOODS SOLAR, INC.
					
	By:	 	  /s/ Anthony M. Dipaolo
	 		 	By:	 	  /s/ Anthony M. Dipaolo

	 Name: Anthony M. Dipaolo
 Title:
Chief Financial Officer
	 		 	 Name: Anthony M. Dipaolo
 Title:
Chief Financial Officer

				
		 		 		 	BANK:
			
	Address of Bank:	 		 	SILICON VALLEY BANK
				
	Silicon Valley Bank	 		 	By:	 	  /s/ Elisa Sun

	2400 Hanover Street	 		 	Name: Elisa Sun
	Palo Alto, CA 94304	 		 	Title: Vice President
	Attn: Ms. Elisa Sun	 		 		 	
	Fax: (650) 856-7879	 		 		 	
	Email: esun@svb.com	 		 		 	

 EXHIBIT A 

Copyrights 
  

									
	 	  	Registration/	  	Registration/	  	 Registrant/Claimant
	  	 Type of Work

	 Description

Title of Work
	  	 Application

Number
	  	 Application

Date
	  	 	  	 
					
	 Alternative Energy Sourcebook

Edited by John Schaeffer; with contributions from the friends and staff of Real Goods Trading Corporation, 7th Ed.
	  	TX0003431772	  	10/13/92	  	John Schaeffer and
Real Goods Trading
Corporation	  	Text
					
	 Solar Living Sourcebook: the Complete Guide to Renewable Energy Technologies & Sustainable Living

 
 Variant Title: Alternative Energy Sourcebook: the Complete Guide to Renewable Energy
Technologies & Sustainable Living
  
 Edited by John Schaeffer and the Real
Goods staff, 8th Ed.
	  	TX0003667520	  	12/16/94	  	Real Goods Trading
Corporation	  	Text

 EXHIBIT B 

Patents 
  

							
	 Description
	  	 Registration/

Application

Number
	  	 Registration/

Application

Date
	  	 Registrant

	 None.
	  		  		  	

 EXHIBIT C 

Trademarks 
  

									
	 	  	 Registration/

Application

Number
	  	 Registration/

Application

Date
	  	 	  	Liens Recorded in the
	 Description
	  	  	  	 Registrant
	  	 U.S. Trademark Office

	REAL GOODS	  	Reg. No. 1779356	  	6/29/93	  	Real Goods Trading Corporation	  	None
					
	ALTERIS	  	Reg. No. 3944808	  	4/12/11	  	Alteris Renewables, Inc.	  	None
					
	ALTERIS RENEWABLES	  	Reg. No. 3944809	  	4/12/11	  	Alteris Renewables, Inc.	  	None
					
	THE ANSWER RISES
EVERY DAY	  	Reg. No. 3211319	  	2/20/07	  	Real Goods Energy Tech, Inc., as successor in interest to Marin Solar, Inc.	  	None
					
	THE ANSWER RISES
EVERY DAY	  	Reg. No. 3211320	  	2/20/07	  	Real Goods Energy Tech, Inc., as successor in interest to Marin Solar, Inc.	  	None
					
	OWN YOUR POWER	  	Reg. No. 3370014	  	1/15/08	  	Real Goods Energy Tech, Inc., as successor in interest to Marin Solar, Inc.	  	None
					
	MARIN SOLAR	  	Reg. No. 3474639	  	7/29/08	  	Real Goods Energy Tech, Inc., as successor in interest to Marin Solar, Inc.	  	None

 EXHIBIT D 

Mask Works 
  

							
	 Description
	  	 Registration/

Application

Number
	  	 Registration/

Application

Date
	  	 Registrant

	 None.EX-10.1

 Exhibit 10.1 

EXECUTION COPY 

In re Motors Liquidation Company., Ch. 11 Case No. 09-50026 (REG) 

Motors Liquidation Company GUC Trust v. Appaloosa Investment Limited Partnership I, 

Adv. P. No. 12-09802 (REG) 

Settlement Agreement of Wind-Up Claim and 

Guarantee Claim and Disputes Related Thereto 

This SETTLEMENT AGREEMENT (“Settlement Agreement”) is made this 26th day
of September 2013, among Motors Liquidation Company GUC Trust (“GUC Trust”), FTI Consulting, Inc., as trust monitor of the GUC Trust (in such capacity, the “GUC Trust Monitor”) Green Hunt Wedlake, Inc. as Trustee
for General Motors Nova Scotia Finance Corporation (“GMNSFC”), and referred to herein as “Nova Scotia Trustee”, General Motors LLC (“New GM”), General Motors of Canada Limited (“GM
Canada”), and Morgan Stanley & Co. International plc, Worden Master Fund L.P. and Worden Master Fund II L.P., Drawbridge DSO Securities LLC, Drawbridge OSO Securities LLC, FCOF UB Securities LLC, Gatwick Securities LLC, Elliott
International LP, The Liverpool Limited Partnership, DbX – Risk Arbitrage 1 Fund, Lyxor/Paulson International Fund Limited, Paulson Enhanced Ltd., Paulson International Ltd., Paulson Partners Enhanced, L.P., Paulson Partners L.P. (collectively
the “Representative Noteholders”)1 (the GUC Trust, the GUC Trust Monitor, New GM, GM Canada, the Nova Scotia Trustee, and the Representative Noteholders are hereinafter
collectively known as the “Parties”). 
 This Settlement Agreement constitutes a global resolution of all issues and claims
that relate in any way to the: (i) 8.375% guaranteed notes due December 7, 2015 (the “2015 Notes”) and 8.875% guaranteed notes due July 10, 2023 (the “2023 Notes” and together with the 2015
Notes, the “Notes”), both issued by GMNSFC pursuant to the Fiscal and Paying Agency Agreement (defined below) and guaranteed by Motors Liquidation Company f/k/a General Motors Corporation (“MLC” or “Old
GM”) (the “Guarantee”); (ii) the New GM Administrative Claim (Claim Number 71111); (iii) the Claims Objection (as defined herein); (iv) the Adversary Proceeding (as defined herein); (v) the Rule 60(b)
Motion (as defined herein); and (vi) the Lock-Up Agreement, the Extraordinary Resolution, the June 25 Agreement, the Consent Fee, and the Intercompany Loans (as such terms are herein defined) (items (i) – (vi) are referred
to as the “Settled Disputes”). The claims include: (1) all claims by or on behalf of holders of Notes pursuant to the Guarantee (collectively, the “Guarantee Claim”); and (2) a claim asserted by the Nova
Scotia Trustee in the amount of $1,607,647,592.49 (Claim Number 66319) (the “Wind-Up Claim” and together with the Guarantee Claim, the “Claims”). As further described below, the settlement results in: (a) two
Resolved Allowed General Unsecured Claims (as defined in the Amended and Restated Motors Liquidation Company GUC Trust Agreement (the “GUC Trust Agreement”)) against MLC – an allowed claim of $1,073,000,000 in settlement of the
Guarantee Claim and an allowed claim of $477,000,000 in settlement of the Wind-Up Claim; and (b) a cash payment of USD $50,000,000 by GM Canada to, among other things, confirm the release of the Intercompany Loans, all as detailed herein. The
Parties agree that the Settlement Agreement memorializes a fair and reasonable resolution of all claims related to the Settled Disputes. 

 

	1 	In this Settlement Agreement, references to all holders of the Notes will be to “All Holders.” 

  
 1 

 RECITALS 

WHEREAS on July 10, 2003, GMNSFC issued the Notes pursuant to the terms and conditions of the Fiscal and Paying Agency Agreement, dated
as of July 10, 2003, between and among GMNSFC, Old GM, Deutsche Bank Luxembourg S.A., as fiscal agent (“Deutsche Bank”), and Banque Général du Luxembourg S.A., as paying agent (as supplemented, the “Fiscal
and Paying Agency Agreement”); 
 WHEREAS the 2015 Notes have the ISIN Code XS0171922643, an outstanding principal amount of
£ 350,000,000, and a total amount of principal and accrued interest of £ 374,590,000; 
 WHEREAS the 2023 Notes have the ISIN
Code XS0171908063, an outstanding principal amount of £ 250,000,000, and a total amount of principal and accrued interest of £ 277,670,000; 

WHEREAS GMNSFC loaned the proceeds of the Notes, approximately CAD $1.3 billion to GM Canada; the loans are defined herein as the
“Intercompany Loans”; 
 WHEREAS upon issuance of the Notes, GMNSFC entered into two currency swap transactions relating to
the Notes (the “Swap Transactions”), which serve as the basis for a portion of the claim filed by the Nova Scotia Trustee against Old GM (the “Swap Claim”); 

WHEREAS certain noteholders, Old GM, GM Canada, GMNSFC, and GM Nova Scotia Investments Ltd. entered into an agreement on June 1, 2009 to
resolve certain pending issues involving the Intercompany Loans. The agreement reached was termed the “Lock-Up Agreement”; 

WHEREAS as contemplated by the Lock-Up Agreement, on June 25, 2009, GMNSFC and GM Canada entered into a settlement agreement related to
the Intercompany Loans (the “June 25 Agreement”) pursuant to which, among other things, a Consent Fee (the “Consent Fee”) was paid to the holders of the Notes; 

WHEREAS on June 25, 2009, certain noteholders executed an Extraordinary Resolution, attached as Exhibit A to the Lock-Up Agreement, as
contemplated by the Lock-Up Agreement (the “Extraordinary Resolution”); 
 WHEREAS on June 1, 2009 (the
“Petition Date”), Old GM and certain of its subsidiaries (collectively, the “Debtors”) filed petitions for relief pursuant to chapter 11 of the Bankruptcy Code in the Bankruptcy Court (collectively, the “GM
Bankruptcy”) (Docket No. 1); 
 WHEREAS on June 3, 2009, the United States Trustee for the Southern District of New
York appointed the Official Committee of Unsecured Creditors (the “Creditors’ Committee”), pursuant to section 1102 of the Bankruptcy Code (Docket No. 356); 

WHEREAS on the Petition Date, MLC filed a motion (the “Sale Motion”) seeking approval of the original version of the Master
Sale and Purchase Agreement (the “Original MSPA”), which provided for the sale of substantially all of Old GM’s assets to New GM. The Original MSPA was subsequently amended and restated at various times in June, 2009 (the
“Final MSPA”). On July 5, 2009, the Bankruptcy Court entered an order approving the Final MSPA and the sale to New GM (the “Sale Approval Order”) (Docket No. 2968); on July 10, 2009, the Debtors consummated
the sale to New GM; 

  
 2 

 WHEREAS on October 9, 2009, the Nova Scotia Supreme Court issued an order adjudging GMNSFC
bankrupt and appointing the Nova Scotia Trustee to act as the trustee in bankruptcy for GMNSFC (the “GMNSFC BIA Proceedings”); 

WHEREAS on November 30, 2009, the Nova Scotia Trustee filed the Wind-Up Claim in the amount of $1,607,647,592.49; 

WHEREAS seventy (70) proofs of claim were filed in the GM Bankruptcy on account of the Guarantee; these proofs of claim are listed in
Exhibit A hereto; 
 WHEREAS on July 2, 2010, the Creditors’ Committee filed an objection (Docket No. 6248) (the
“First Objection”) to the Claims; 
 WHEREAS on November 19, 2010, the Creditors’ Committee filed an amended
objection (Docket No. 7859) (the “Amended Objection” and together with the First Objection, the “Claims Objection”) to the Claims; 

WHEREAS by Order dated March 29, 2011, the Bankruptcy Court confirmed the Debtors Second Amended Joint Chapter 11 Plan dated
March 18, 2011 (the “Plan”) (Docket No. 9941),2 which created the GUC Trust to administer certain post-effective date responsibilities under the Plan pursuant to the GUC
Trust Agreement and effectuated the assignment of certain rights of the Creditors’ Committee to the GUC Trust including without limitation the Claims Objection; 

WHEREAS on April 29, 2011, New GM filed a proof of claim which it believes is entitled to administrative priority pursuant to 11 U.S.C.
§ 503 (MLC Proof of Claim No. 71111) (the “New GM Administrative Claim”); 
 WHEREAS on March 1, 2012, the
GUC Trust filed its Complaint in Adversary Proceeding No. 12-09802 (the “Adversary Proceeding”) and on June 11, 2012, the GUC Trust filed its Amended Complaint in the Adversary Proceeding (Adv. Docket No. 37); 

WHEREAS on May 3, 2013, the GUC Trust filed its Motion pursuant to FRCP 60 made applicable by Rule 9024 of the Federal Rules of
Bankruptcy Procedure (Docket No. 12419) (the “Rule 60(b) Motion”); 
 WHEREAS on June 27, 2013, the Bankruptcy
Court issued a Mediation Order by which the Parties agreed to a mediation of their disputes (Adv. Docket No. 241), and on September 9, 2013, the Parties engaged in a mediation which subsequently resulted in an agreement to the terms of the
settlement contained herein; 
  

	2 	Capitalized terms not defined herein shall have the definition attributed to them in the Plan. 

  
 3 

 WHEREAS the Parties, having considered all of the relevant facts and circumstances, believe it in
their respective best interests to resolve the Settled Disputes and certain related issues as set forth herein; 
 NOW, THEREFORE, in
consideration of the recitals hereto, the mutual promises and covenants hereinafter set forth, and for other good and valuable consideration, the undersigned Parties agree as follows: 

 

	1.	Allowance and Distribution with respect to the Guarantee Claim. The 9019 Approval Order (defined below) will provide that the Guarantee Claim will be allowed as a general unsecured claim in the amount of USD
$1,073,000,000 (the “Guarantee Claim Amount”). Accordingly, upon the Effective Date (defined below), the Guarantee Claim will constitute a Resolved Allowed General Unsecured Claim under the GUC Trust Agreement in the amount of USD
$1,073,000,000. The 9019 Approval Order will provide that the Guarantee Claim Amount will be allocated USD $616,219,100 to the 2015 Notes and USD $456,780,900 to the 2023 Notes.3 The 9019 Approval
Order will authorize and direct distributions on account of the Guarantee Claim Amount as set forth in Paragraph 4 herein. 

  

	2.	Allowance of Wind-Up Claim. The 9019 Approval Order will provide that the Wind-Up Claim will be reduced to $477,000,000 and allowed as a general unsecured claim as so reduced (the “Allowed Wind-Up Claim
Amount”). Accordingly, upon the Effective Date, the Wind-Up Claim will constitute a Resolved Allowed General Unsecured Claim under the GUC Trust Agreement in the amount of $477,000,000. The Approval Orders (as defined below) will provide
that the Allowed Wind-Up Claim Amount will be allocated $273,938,966 to the 2015 Notes and $203,061,034 to the 2023 Notes and will authorize and direct distributions on account of the Allowed Wind-Up Claim Amount as set forth in Paragraphs 3 and 4
herein. The Nova Scotia Trustee will distribute the instruments it receives on account of the Wind-Up Claim (pursuant to Paragraphs 3 and 4 herein) and cash it receives on account of the GM Canada Payment to All Holders as of the Record Date through
the Euroclear and Clearstream settlement systems and not directly to creditors who filed proofs of claim in the GMNSFC BIA Proceedings, all in accordance with and contingent upon the Nova Scotia Trustee’s obligations under the Bankruptcy and
Insolvency Act (Canada) (the “BIA”) and Canadian law generally. 

  

	3.	Direction by the Nova Scotia Trustee. The Nova Scotia Trustee hereby directs the GUC Trust to make the distribution described in Paragraph 2 herein directly to the holders of Notes in the manner set forth in
Paragraph 4 herein. 

  

	4.	Claim Distribution Mechanism. Prior to the Effective Date, the Representative Noteholders and Nova Scotia Trustee, in good faith consultation with the trustee and trust administrator of the GUC Trust (the
“GUC Trust Administrator”), will inform the GUC Trust Administrator in writing of the identity of the person or entity that will serve as the Fiscal and Paying Agent or other agent for the purpose of facilitating the distribution of

  

	3 	 All recoveries and distributions made to All Holders of the Notes, including those provided for in Paragraphs 1, 2, and 7 shall be allocated
57.429552632% to the 2015 Notes and 42.570447368% to the 2023 Notes. 

  
 4 

	 	
GUC Trust Distributable Assets and Units (each as defined in the GUC Trust Agreement) described herein (the “Fiscal and Paying Agent”). In accordance with Sections 5.3 and 5.8 of
the GUC Trust Agreement, the direction by the Nova Scotia Trustee provided in Paragraph 3 hereof, any instructions provided by the Fiscal and Paying Agent, and the applicable procedures of the Euroclear and Clearstream settlement systems, the GUC
Trust Administrator shall make a single distribution of the GUC Trust Distributable Assets and Units in respect of the Guarantee Claim Amount and the Allowed Wind-Up Claim Amount for the benefit of All Holders, which distribution may be made to the
Fiscal and Paying Agent (for further distribution to the registered holders of the Notes as of the Record Date) or directly to the registered holders of the Notes as of the Record Date (the “Distribution”). The GUC Trust shall make
the Distribution within five (5) business days following the Effective Date, or as soon as reasonably practicable thereafter. For the avoidance of doubt, the Distribution will consist of, in the aggregate, 6,174,015 shares of New GM Common
Stock, 5,612,741 New GM $10.00 Warrants, 5,612,741 New GM $18.33 Warrants, and 1,550,000 Units (each as defined in the GUC Trust Agreement). Promptly following the Distribution, the GUC Trust shall notify all Parties of the date of the Distribution
(the “Distribution Notice”). 

  

	5.	GM Canada Payment. The Approval Orders will provide that on the later of: (a) two (2) business days after receipt of the Distribution Notice; or (b) two (2) business days after the Effective
Date (the “Cash Distribution Date”), in full settlement of the Settled Disputes and in contemplation of among other things, the releases set forth in Paragraphs 13, 15, and 17 herein and the acknowledgements by the GUC Trust, all past,
present and future holders of Notes and the Nova Scotia Trustee set forth in Paragraph 23 herein, GM Canada will be authorized and directed to pay the total sum of fifty million U.S. Dollars (USD $50,000,000) (the “GM Canada
Payment”) to the Nova Scotia Trustee who hereby directs the GM Canada Payment to the following recipients: 

  

	 	a.	USD $13,500,000 to a trust account designated by Greenberg Traurig, LLP; 

  

	 	b.	USD $2,500,000 to a trust account designated by Curtis, Mallet-Prevost, Colt & Mosle, LLP; 

  

	 	c.	On the Cash Distribution Date, the Nova Scotia Trustee, in its absolute and sole discretion and in good faith consultation with the Representative Noteholders, will determine the amounts owed by the GMNSFC estate to the
Canadian Office of the Superintendent of Bankruptcy pursuant to Sections 128 and 147 of the BIA (the “Superintendent’s Levy”) and will instruct GM Canada to pay the amount of USD $ 1,500,000 plus the Superintendent’s Levy to a
trust account designated by the Nova Scotia Trustee for payment of all amounts and professional fees related to the winding up and final closure of the GMNSFC BIA Proceedings; 

 

	 	d.	The balance of the GM Canada Payment (the “Remaining Cash Amount”) to the Fiscal and Paying Agent for the benefit of and ratable distribution to All Holders as of the Record Date. 

 

	6.	 GMNSFC Year-End Distribution. The Nova Scotia Trustee agrees to use its best efforts to distribute the assets of GMNSFC bankruptcy estate by
December 31, 2013 (the 

  
 5 

	 	
“GMNSFC Year End Distribution”) except that the Nova Scotia Trustee may withhold up to CDN $150,000 from the GMNSFC Year End Distribution for the purpose of administering the
GMNSFC bankruptcy estate pursuant to Nova Scotia and Canadian law. At the conclusion of the GMNSFC BIA Proceeding, the Nova Scotia Trustee shall release to the Fiscal and Paying Agent all sums remaining in its account, subject to any remaining
amounts owed by the Nova Scotia Trustee to the Canadian Office of the Superintendent of Bankruptcy, for the benefit and ratable distribution to All Holders. 

  

	7.	Distribution of Remaining Cash Amount. The Remaining Cash Amount will be allocated 57.429552632% to the 2015 Notes and 42.570447368% to the 2023 Notes. The 9019 Approval Order will provide that the Fiscal and
Paying Agent is authorized and directed to distribute the Remaining Cash Amount to the Noteholders on the first business day after the Effective Date. 

  

	8.	Disallowed Claims. The 9019 Approval Order will provide that the proofs of claim identified in Exhibit A to this Settlement Agreement are disallowed, and the 9019 Approval Order will provide that the amount of
the Wind-Up Claim in excess of USD $477,000,000 is disallowed. 

  

	9.	Swap Claim. On the Effective Date, the Swap Claim shall be deemed withdrawn by New GM in the GMNSFC bankruptcy case without the necessity of a formal pleading being filed by New GM with the Nova Scotia
Court or further action on the part of the Nova Scotia Trustee. 

  

	10.	New GM Administrative Claim. As part of the settlement contained herein, on the Effective Date, the New GM Administrative Claim shall be deemed withdrawn without the necessity of a formal pleading being
filed by New GM or the GUC Trust with the Bankruptcy Court, subject to the following conditions and understandings: (a) that portion of the New GM Administrative Claim that relates to, arises from, or concerns the Rule 60(b) Motion shall be
deemed withdrawn with prejudice by New GM; (b) the remaining New GM Administrative Claim shall consist of the following two components: (i) the Environmental Response Trust shall remain liable for all environmental obligations set forth in
the New GM Administrative Claim; and (ii) the GUC Trust shall remain liable, to the extent required by or set forth in the Final MSPA, the Sale Approval Order, the Plan or the Confirmation Order, for all obligations still owed to or to be
performed by the GUC Trust in favor of New GM under the Sale Approval Order, the Final MSPA, the Plan, the Confirmation Order, and/or the Transition Services Agreement (as defined in the Final MSPA) (“Remaining Administrative
Claims”); provided, however, that, subject to the further proviso below, the GUC Trust is not required to reserve any cash or New GM Securities on account of the Remaining Administrative Claims, and the sole remedy of New GM against the GUC
Trust for any breach of the Sale Approval Order, the Final MSPA, the Plan, the Confirmation Order, and/or the Transition Services Agreement shall be specific performance; provided further, however, that if a specific claim or demand is made by New
GM against the GUC Trust after the Effective Date in connection with the Remaining Administrative Claims, New GM may seek Bankruptcy Court authorization (a) in addition to specific performance, a damages remedy, and (b) to establish a
reserve for such claim or demand (up to an aggregate limit of $1 million) at the time such claim or demand is made but such reserve shall be limited to the assets that remain in the reserve established by the GUC Trust for secured, administrative
and priority claims. 

  
 6 

	11.	Dismissal of Claims Objection, Adversary Proceeding and Rule 60(b) Motion. On the Effective Date, the Claims Objection, the Adversary Proceeding, and the Rule 60(b) Motion shall be dismissed with prejudice and
without costs without the necessity of a formal pleading being filed by the GUC Trust with the Bankruptcy Court to effectuate such results. 

  

	12.	Special Excess Distribution. Within 30 days of the Effective Date, the GUC Trust shall make a special, excess distribution pursuant to Sections 5.4 and 5.8 of the GUC Trust Agreement. 

 

	13.	Releases by All Past, Present and Future Holders of Notes to New GM and GM Canada.4 Upon the Effective Date, and subject to the payment of the GM Canada
Payment, and in consideration of the promises and covenants contained herein, all past, present and future holders of Notes, for themselves, and on behalf of their respective, agents, employees, officers, directors, shareholders, successors,
assigns, assignors, predecessors, members, beneficiaries, representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Noteholder/GM Releasors”), completely release, waive and forever
discharge or are deemed to have completely released, waived and forever discharged New GM, GM Canada, and all of their subsidiaries and affiliates, and all of their respective past, present and future agents, attorneys, employees, officers,
directors, shareholders, successors, assigns, members, representatives (in their capacity as such) including without limitation, Neil MacDonald, John Stapleton, Mercedes Michel and Maurita Sutedja (and their respective heirs, administrators and
assignees (collectively, the Individuals”) and all past officers, directors and employees of GMNSFC (collectively, the “Noteholder/GM Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs,
demands, expenses, judgments, liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, direct or derivative, which the Noteholder/GM
Releasors may now have, ever had, or may in the future have against the Noteholder/GM Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the date hereof
that relate to, arise under, or concern the Lock-Up Agreement, the Consent Fee (including the funding of the Consent Fee and the repayment of any Intercompany Loans which indirectly funded the Consent Fee), the Notes, the Intercompany Loans, the
Guarantee, the Guarantee Claim, the Wind-Up Claim, the Extraordinary Resolution, the June 25 Agreement, GMNSFC, the GMNSFC BIA Proceedings, the Claims Objection, the Adversary Proceeding, the Rule 60(b) Motion, or any matter associated with any
of the foregoing including without limitation claims for oppression, preference, fraudulent transfer, transfers for undervalue, fraudulent conveyance, assignment and preference, payment or repayment of dividends, contribution or indemnity, or any
similar or other matter under Canadian federal or provincial statute or law, the BIA or the Bankruptcy Code, at law or in equity. In 

 

	4 	 All Parties to all of the releases in Paragraphs 13-22 herein expressly waive any rights that they may have pursuant to California Civil Code
Section 1542. 

  
 7 

	 	
addition, the Noteholder/GM Releasors, on behalf of themselves and their successors and assigns, agree or deemed to have agreed: (i) not to make any claim, commence or continue any action,
lawsuit, adversary proceeding or other legal, equitable or administrative proceeding that asserts any such direct or indirect released claims against the Noteholder/GM Releasees; and (ii) not to direct or encourage the Nova Scotia Trustee to
make any claim against the Noteholder/GM Releasees, or to seek any further funding from New GM, GM Canada, any of their subsidiaries or affiliates, or any of the other Noteholder/GM Releasees for the administration of the GMNSFC bankruptcy estate,
and New GM, GM Canada, their subsidiaries and affiliates, and all other Noteholder/GM Releasees are released and discharged of any further obligation to provide such funding, whether or not any amounts currently remain outstanding, it being the
intent of the Parties that the GM Canada Payment is the last and only payment New GM, GM Canada or any of their subsidiaries or affiliates or any of the Noteholder/GM Releasees will make in connection with the Claims Objection, the Adversary
Proceeding, and all ancillary proceedings, including, without limitation, the MLC bankruptcy proceeding and the GMNSFC BIA Proceedings. For the avoidance of doubt, this provision does not apply to or release the right of the Representative
Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy proceeding as specified in Paragraph 29 of this Settlement Agreement and to receive payment, if such motion is approved,
from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof). 

  

	14.	 Releases by New GM and GM Canada to All Past, Present and Future Holders of Notes. Upon the Effective Date, and subject to the payment of the
GM Canada Payment, and in consideration of the promises and covenants contained herein, New GM and GM Canada, for themselves, and on behalf of their subsidiaries and affiliates, and all of their respective past, present and future agents, attorneys,
employees, officers, directors, shareholders, successors, assigns, predecessors, members, representatives (in their capacity as such) including without limitation the Individuals (collectively, the “GM/Noteholder Releasors”),
completely release, waive and forever discharge all past, present and future holders of Notes, and any subsidiary or affiliate thereof, and all of their respective past, present and future agents, attorneys, employees, officers, directors,
shareholders, successors, assigns, assigns, predecessors, members, beneficiaries, representatives (in their capacity as such) (collectively, the “GM/Noteholder Releasees”), from any and all actions, attorneys’ fees, charges,
claims, costs, demands, expenses, judgments, liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, direct or derivative, which the
GM/Noteholder Releasors may now have, ever had, or may in the future have against the GM/Noteholder Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through
the date hereof that relate to, arise under, or concern the Lock-Up Agreement, the Consent Fee (including the funding of the Consent Fee and the repayment of any Intercompany Loans which indirectly funded the Consent Fee), the Notes, the Guarantee,
the Intercompany Loans, the Guarantee Claim, the Wind-Up Claim, the Extraordinary Resolution, the June 25 Agreement, GMNSFC, the GMNSFC BIA Proceedings, the Claims Objection, the Adversary Proceeding, the Rule 60(b) Motion, or any matter
associated with any of the foregoing including without limitation claims for oppression, preference, fraudulent transfer, transfers for undervalue, fraudulent 

  
 8 

	 	
conveyance, assignment and preference, payment or repayment of dividends, contribution or indemnity, or any similar or other matter under Canadian federal or provincial statute or law, the BIA or
the Bankruptcy Code, at law or in equity. In addition, the GM/Noteholder Releasors, on behalf of themselves and their successors and assigns, agree not to make any claim, commence or continue any action, lawsuit, adversary proceeding or other legal,
equitable or administrative proceeding that asserts any such direct or indirect released claim against the GM/Noteholder Releasees. 

  

	15.	 Releases by the Nova Scotia Trustee to New GM and GM Canada. Upon the Effective Date, and subject to the payment of the GM Canada Payment, and
in consideration of the promises and covenants contained herein, the Nova Scotia Trustee, for itself, and on behalf of the bankruptcy estate of GMNSFC and their respective, agents, attorneys, employees, officers, directors, shareholders, successors,
assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Nova Scotia Trustee/GM Releasors”), completely release, waive and forever discharge New GM, GM Canada, and all
of their subsidiaries and affiliates, and all of their respective past, present and future agents, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such), including without limitation
the Individuals and all past officers, directors and employees of GMNSFC (collectively, the “Nova Scotia Trustee/GM Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs, demands, expenses, judgments,
liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, which the Nova Scotia Trustee/GM Releasors may now have, have ever had, or may
in the future have against the Nova Scotia Trustee/GM Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the date hereof including, without limitation,
any oppression, preference, fraudulent transfer, transfers for undervalue, fraudulent conveyance, assignment and preference, payment or repayment of dividends, contribution or indemnity, or any similar or other matter under Canadian federal or
provincial statute or law, the BIA or the Bankruptcy Code, at law or in equity, and/or any creditor or derivative claims which belong to or are assertable by the bankruptcy estate of GM Nova Scotia or its successors and assigns as may exist under
applicable Nova Scotia law or otherwise. For the avoidance of doubt, the releases given by the Nova Scotia Trustee/GM Releasors in favor of the Nova Scotia Trustee/GM Releasees are intended to be general releases and not specific releases. In
addition, the Nova Scotia Trustee/GM Releasors, on behalf of themselves and their successors and assigns, agree: (i) not to make any claim, commence or continue any action, lawsuit, adversary proceeding or other legal, equitable or
administrative proceeding that asserts any such direct or indirect released claims against the Nova Scotia Trustee/GM Releasees; and (ii) not to seek any further funding from New GM, GM Canada, any of their subsidiaries or affiliates or any of
the Nova Scotia Trustee/GM Releasees for the administration of the GMNSFC bankruptcy estate, and New GM, GM Canada, their subsidiaries and affiliates, and any of the Nova Scotia Trustee/GM Releasees are released and discharged of any further
obligation to provide such funding, whether or not any amounts currently remain outstanding, it being the intent of the Parties that the GM Canada Payment is the last and only payment New GM, GM Canada or any of their subsidiaries or
affiliates or any of the Nova Scotia Trustee/GM Releasees will make in connection with the Claims Objection, the Adversary 

  
 9 

	 	
Proceeding, and all ancillary proceedings, including, without limitation, the MLC bankruptcy proceeding and the GMNSFC BIA Proceeding. For the avoidance of doubt, this provision does not apply to
or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy proceeding as specified in Paragraph 29 of this Settlement Agreement and to
receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof). 

  

	16.	Releases by New GM and GM Canada to the Nova Scotia Trustee. Upon the Effective Date, and subject to the payment of the GM Canada Payment, and in consideration of the promises and covenants contained herein, New
GM and GM Canada, on behalf of themselves and their subsidiaries and affiliates, and all of their respective past, present and future agents, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their
capacity as such), including without limitation the Individuals (collectively, the “GM/Nova Scotia Trustee Releasors”), completely release, waive and forever discharge the Nova Scotia Trustee, for itself, and on behalf of the
bankruptcy estate of GMNSFC and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the
“GM/Nova Scotia Trustee Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs, demands, expenses, judgments, liabilities and causes of action of any kind, nature or description, whether matured or
unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, which the GM/Nova Scotia Trustee Releasors may now have, have ever had, or may in the future have against the GM/Nova Scotia Trustee/GM Releasees, arising out of or
based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the date hereof, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the
beginning of time through the date hereof including, without limitation, any oppression, preference, fraudulent transfer, transfers for undervalue, fraudulent conveyance, assignment and preference, payment or repayment of dividends, contribution or
indemnity, or any similar or other matter under Canadian federal or provincial statute or law, the BIA or the Bankruptcy Code, at law or in equity, and/or any creditor or derivative claims which belong to or are assertable by the bankruptcy estate
of GM Nova Scotia or its successors and assigns as may exist under applicable Nova Scotia law or otherwise. For the avoidance of doubt, the releases given by the GM/Nova Scotia Trustee Releasors in favor of the GM/Nova Scotia Trustee Releasees are
intended to be general releases and not specific releases. For the avoidance of doubt, this provision does not apply to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of
the Bankruptcy Code in the MLC bankruptcy proceeding as specified in Paragraph 29 of this Settlement Agreement and to receive payment if such motion is approved from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary
thereof). 

  

	17.	 Releases by the GUC Trust to New GM and GM Canada. Upon the Effective Date, and subject to the payment of the GM Canada Payment, and in
consideration of the promises and covenants contained herein, the GUC Trust, for itself, and on behalf of the MLC bankruptcy estates and their respective, agents, employees, officers, directors, shareholders, creditors, successors, assigns, members,
representatives (in their capacity as 

  
 10 

	 	
such) and any subsidiary or affiliate thereof (collectively, the “GUC Trust/GM Releasors”), completely release, waive and forever discharge New GM, GM Canada, and all of their
subsidiaries and affiliates, all of their respective past, present and future agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such) including without limitation the
Individuals and all past officers, directors and employees of GMNSFC (collectively, the “GUC Trust/GM Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs, demands, expenses, judgments, liabilities and
causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, direct or derivative, which the GUC Trust/GM Releasors may now have, have ever had, or may in
the future have against the GUC Trust/GM Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the date hereof that relate to, arise under or concern the
Lock-Up Agreement, the Consent Fee (including the funding of the Consent Fee or the repayment of any loans made by Old GM which indirectly funded the Consent Fee), the Notes, the Intercompany Loans, the Guarantee, the Guarantee Claim, the Wind-Up
Claim, the Extraordinary Resolution, the June 25 Agreement, GMNSFC, the GMNSFC BIA Proceedings, the Claims Objection, the Adversary Proceeding, the Rule 60(b) Motion, or any matter associated with any of the foregoing including without
limitation any claims for oppression, preference, fraudulent transfer and transfers for undervalue, fraudulent conveyance, assignment and preference, payment or repayment of dividends, contribution or indemnity, or any similar or other matter under
Canadian federal or provincial statute or law, the BIA or the Bankruptcy Code, at law or in equity, provided, however, that the releases given by the GUC Trust/GM Releasors to the GUC Trust/GM Releasees as set forth in this paragraph
do not affect or concern any rights, duties and/or obligations that may exist between the GUC Trust/GM Releasors and the GUC Trust/GM Releasees arising under the Final MSPA, the Sale Approval Order, the Transition Services Agreement or any agreement
associated therewith that does not concern or relate to the Lock-Up Agreement, the Consent Fee (including the funding of the Consent Fee or the repayment of the loans made by Old GM which indirectly funded the Consent Fee), the Notes, the
Intercompany Loans, the Guarantee, the Guarantee Claim, the Wind-Up Claim, the Extraordinary Resolution, the June 25 Agreement, GMNSFC, the GMNSFC BIA Proceedings, the Claims Objection, the Adversary Proceeding, the Rule 60(b) Motion, or any
matter associated with any of the foregoing (the “Remaining Claims”). In addition, the GUC Trust/GM Releasors, on behalf of themselves and their successors and assigns, agree not to make any claim, commence or continue any action,
lawsuit, adversary proceeding or other legal, equitable or administrative proceeding that asserts any direct or indirect released claims against the GUC Trust/GM Releasees. The GUC Trust/GM Releasors further agree to dismiss with prejudice and
without costs all pending litigations to vacate, annul or modify the Sale Order pursuant to Rule 60(b) of the Federal Rules of Civil Procedure or otherwise, and further agree not to bring any action or matter at any time to vacate, annul or modify
the Sale Order. For the avoidance of doubt, this provision does not apply to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy
proceeding as specified in Paragraph 29 of this Settlement Agreement and to receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof). 

  
 11 

	18.	Releases by New GM and GM Canada to the GUC Trust. Upon the Effective Date, and subject to the payment of the GM Canada Payment, and in consideration of the promises and covenants contained herein, New GM and GM
Canada, on behalf of themselves and their subsidiaries and affiliates, all of their respective past, present and future agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity
as such) thereof (collectively, the “GM/GUC Trust Releasors”), completely release, waive and forever discharge the GUC Trust, for itself, and on behalf of the MLC bankruptcy estates and their respective, agents, employees, officers,
directors, shareholders, creditors, successors, assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “GM/GUC Trust Releasees”), from any and all actions,
attorneys’ fees, charges, claims, costs, demands, expenses, judgments, liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown,
direct or derivative, which the GM/GUC Trust Releasors may now have, have ever had, or may in the future have against the GM/GUC Trust Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring
from the beginning of time through the date hereof that relate to, arise under or concern the Lock-Up Agreement, the Consent Fee (including the funding of the Consent Fee or the repayment of any loans made by Old GM which indirectly funded the
Consent Fee), the Notes, the Intercompany Loans, the Guarantee, the Guarantee Claim, the Wind-Up Claim, the Extraordinary Resolution, the June 25 Agreement, GMNSFC, the GMNSFC BIA Proceeding, the Claims Objection, the Adversary Proceeding, the
Rule 60(b) Motion, or any matter associated with any of the foregoing, including without limitation any claims for oppression, preference, fraudulent transfer and transfers for undervalue, fraudulent conveyance, assignment and preference, payment or
repayment of dividends, contribution or indemnity, or any similar or other matter under Canadian federal or provincial statute or law, the BIA or the Bankruptcy Code, at law or in equity, provided, however, that the releases given by
the GM/GUC Trust Releasors to the GM/GUC Trust Releasees as set forth in this paragraph do not affect or concern any rights, duties and/or obligations that may exist between the GM/GUC Trust Releasors and the GM/GUC Trust Releasees concerning the
Remaining Claims. In addition, the GM/GUC Trust Releasors, on behalf of themselves and their successors and assigns, agree not to make any claim, commence or continue any action, lawsuit, adversary proceeding or other legal, equitable or
administrative proceeding that asserts any such direct or indirect released claim against the GM/GUC Trust Releasees. 

  

	19.	 Releases by All Past, Present and Future Holders of Notes and Nova Scotia Trustee to the GUC Trust. Upon the Effective Date, and subject to the
Distribution and the payment of the GM Canada Payment, in consideration of the promises and covenants contained herein, all past, present and future holders of Notes, on each of their own behalf and their respective, agents, attorneys, employees,
officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate thereof, and the Nova Scotia Trustee, for itself, and on behalf of the bankruptcy estate of GMNSFC and their
respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Noteholders/Nova Scotia
Trustee/GUC Trust Releasors”), completely releases, waives and forever discharges or shall be deemed to have completely released, waived, and forever discharged the GUC 

  
 12 

	 	
Trust for itself, and on behalf of the MLC bankruptcy estates and their respective, agents, employees, officers, directors, shareholders, creditors, successors, assigns, members, representatives
(in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Noteholders/Nova Scotia Trustee/GUC Trust Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs, demands,
expenses, judgments, liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, which the Noteholders/Nova Scotia Trustee/GUC Trust
Releasors may now have, have ever had, or may in the future have against the Noteholders/Nova Scotia Trustee/GUC Trust Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the
beginning of time through the date hereof. For the avoidance of doubt, this provision does not apply to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy
Code in the MLC bankruptcy proceeding as specified in Paragraph 29 of this Settlement Agreement and to receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof).

  

	20.	Releases by the GUC Trust to All Past, Present and Future Holders of Notes and Nova Scotia Trustee. Upon the Effective Date, and subject to the Distribution and the payment of the GM Canada Payment, in
consideration of the promises and covenants contained herein, the GUC Trust for itself, and on behalf of the MLC bankruptcy estates and their respective, agents, employees, officers, directors, shareholders, creditors, successors, assigns, members,
representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “GUC Trust/ Noteholders/Nova Scotia Trustee/Releasors”), completely releases, waives and forever discharges all past, present and
future holders of Notes, on each of their own behalf and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate
thereof, and the Nova Scotia Trustee, for itself, and on behalf of the bankruptcy estate of GMNSFC and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their
capacity as such) and any subsidiary or affiliate thereof, (collectively, the “GUC Trust/ Noteholders/Nova Scotia Trustee”), from any and all actions, attorneys’ fees, charges, claims, costs, demands, expenses, judgments,
liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, which the GUC Trust/ Noteholders/Nova Scotia Trustee Releasors may now have,
have ever had, or may in the future have against the GUC Trust/ Noteholders/Nova Scotia Trustee/Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the
date hereof. For the avoidance of doubt, this provision does not apply to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy
proceeding as specified in Paragraph 29 of this Settlement Agreement and to receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof). 

  
 13 

	21.	Releases by All Past, Present and Future Holders of Notes to the Nova Scotia Trustee. Upon the Effective Date, and subject to the Distribution and the payment of the GM Canada Payment, in consideration of the
promises and covenants contained herein, all past, present and future holders of Notes, on each of their own behalf and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives
(in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Noteholder/Nova Scotia Trustee Releasors”), completely release, waive and forever discharge or are deemed to have completely released, waived,
and forever discharged the Nova Scotia Trustee for itself, and on behalf of the bankruptcy estate of GMNSFC and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in
their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Noteholder/Nova Scotia Trustee Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs, demands, expenses, judgments,
liabilities and causes of action of any kind, nature or description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, which the Noteholder/Nova Scotia Trustee Releasors may now have, have ever had,
or may in the future have against the Noteholder/Nova Scotia Trustee Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the date hereof. For the
avoidance of doubt, this provision does not apply to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy proceeding as specified in
Paragraph 29 of this Settlement Agreement and to receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof). 

 

	22.	Releases by the Nova Scotia Trustee to All Past, Present and Future Holders of Notes. Upon the Effective Date, and subject to the Distribution and the payment of the GM Canada Payment, in consideration of the
promises and covenants contained herein, the Nova Scotia Trustee for itself, and on behalf of the bankruptcy estate of GMNSFC and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members,
representatives (in their capacity as such) and any subsidiary or affiliate thereof (collectively, the “Nova Scotia Trustee/Noteholder Releasors”), completely releases, waives and forever discharges all past, present and future
holders of Notes, on each of their own behalf and their respective, agents, attorneys, employees, officers, directors, shareholders, successors, assigns, members, representatives (in their capacity as such) and any subsidiary or affiliate thereof
(collectively, the “Nova Scotia Trustee/Noteholder Releasees”), from any and all actions, attorneys’ fees, charges, claims, costs, demands, expenses, judgments, liabilities and causes of action of any kind, nature or
description, whether matured or unmatured, contingent or absolute, liquidated or unliquidated, known or unknown, which the Nova Scotia Trustee/Noteholder Releasors may now have, have ever had, or may in the future have against the Nova
Scotia/Trustee Noteholder Releasees, arising out of or based on any facts, circumstances, issues, services, advice, or the like, occurring from the beginning of time through the date hereof. For the avoidance of doubt, this provision does not apply
to or release the right of the Representative Noteholders and the Nova Scotia Trustee to bring a Motion under Sections 503/105 of the Bankruptcy Code in the MLC bankruptcy proceeding as specified in Paragraph 29 of this Settlement Agreement and to
receive payment, if such motion is approved, from the MLC bankruptcy estate (and not New GM, GM Canada or any affiliate or subsidiary thereof). 

  
 14 

	23.	Acknowledgements by the GUC Trust, All Past, Present and Future Holders of Notes and the Nova Scotia Trustee. It is expressly acknowledged and confirmed, or deemed to be acknowledged and confirmed, by the GUC
Trust, all past, present and future holders of Notes, and the Nova Scotia Trustee that all releases, waiver of demands or claims, and dismissal of litigation in favor of Old GM, New GM (by virtue of the assignment of the Lock-Up Agreement or
otherwise), and GM Canada, GMNSFC, and GM Nova Scotia Investments, Ltd. (“GMNSIL,” and with GM Canada and GMNSFC, collectively, the “Canadian Entities”) (and each of the foregoing entities’ respective past and present
officers, directors and employees), and the Individuals, that are in the Lock-Up Agreement, the Extraordinary Resolution, and/or the June 25 Agreement remain valid, enforceable and binding agreements according to their terms, except that in no
event shall there be any circumstance or event that would negate or annul the permanent existence of such release, waiver of demand or claim, or dismissal of litigation. By way of illustration and not limitation, the GUC Trust, all past, present and
future holders of Notes and the Nova Scotia Trustee acknowledge and confirm, or are deemed to have acknowledged and confirmed, that: (a) there has not been, and there will never be (i) a successful challenge to the payment of the Consent
Fee, and/or (ii) a repayment or disgorgement of the Consent Fee; (b) the Intercompany Loans have been permanently released and there is no circumstance or event that would negate or annul the complete release and discharge of the
Intercompany Loans; and (c) the proceeding in the Supreme Court of Nova Scotia titled Aurelius Capital Partners, L.P. v. General Motors Corporation, Court File No. HFX No. 308066 (the “Oppression Action”) is
permanently dismissed and there is no circumstance or event that would negate or annul the release and discharge of all claims and demands that were raised or could have been raised in the Oppression Action. It is further acknowledged and confirmed,
or deemed to be acknowledged and confirmed, by the GUC Trust, all past, present and future holders of Notes, and the Nova Scotia Trustee that Old GM, New GM (by virtue of the assignment of the Lock-Up Agreement or otherwise) the Canadian Entities,
and the Individuals have satisfied in full all of their obligations, representations and warranties, stipulations and acknowledgements, and agreements under the Lock-Up Agreement, the Extraordinary Resolution, and the June 25 Agreement
including without limitation paragraphs 2 and 6 of the Lock-Up Agreement. 

  

	24.	Form 8-K. Within one (1) business day following the execution of this Settlement Agreement by all Parties, the GUC Trust will cause to be filed with the Securities and Exchange Commission a Current Report on
Form 8-K substantially in the form attached hereto as Exhibit B. 

  

	25.	 9019 Motion and Settlement Agreement. The GUC Trust shall prepare and file a motion with the United States Bankruptcy Court for the Southern
District of New York (“Bankruptcy Court”) seeking, among other things, approval of the terms of this Settlement Agreement pursuant to Bankruptcy Rule 9019 (the “9019 Motion”). The 9019 Motion and any related order
(the “9019 Approval Order”) will be in form and substance reasonably acceptable to the Parties, which acceptance will not be withheld unreasonably. Notice of the 9019 Motion will be provided as required by Paragraph 28

  
 15 

	 	
herein. The 9019 Motion and any related papers will be filed with the Bankruptcy Court no later than September 27, 2013. The Parties will use their best efforts to obtain a hearing of the
9019 Motion from the Bankruptcy Court on or before October 21, 2013. 

  

	26.	Avoidance Action Trust. The 9019 Approval Order shall provide that in the event that assets of the Avoidance Action Trust (as defined in the Plan) become available for distribution to holders of Allowed General
Unsecured Claims (as defined in the Plan) in the manner set forth in the Avoidance Action Trust Agreement (as defined in the Plan), distributions in respect of the Guarantee Claim Amount and the Allowed Wind-Up Claim Amount shall be made to the
registered holders of Notes as of the Record Date. 

  

	27.	Canadian Approvals. The Representative Noteholders promptly will execute and deliver to counsel for the Nova Scotia Trustee a global proof of claim in respect of the claims of All Holders against GMNSFC arising
from ownership of the Notes (the “Representative Proof of Claim”) pursuant to the order of the Nova Scotia Supreme Court in Bankruptcy and Insolvency (the “Nova Scotia Court”) issued November 27, 2009. The Nova
Scotia Trustee will prepare and file a motion with the Nova Scotia Court within five (5) business days of receipt of the Representative Proof of Claim seeking an order disallowing any proofs of claim filed in the GMNSFC bankruptcy in respect of
the Notes other than the Representative Proof of Claim, approving the Representative Proof of Claim for distribution purposes in the GMNSFC bankruptcy, authorizing a protocol with respect to the service of notices to All Holders of any proceedings
in Nova Scotia to be made through Euroclear and Clearstream settlement systems, setting a date and location for a meeting of creditors to approve this agreement, and setting a date for a further hearing in Nova Scotia (the “Nova Scotia
Procedural Motion”). The Nova Scotia Trustee will give notice of a meeting of creditors of GMNSFC pursuant to the BIA (the “Meeting of Creditors”) to occur within ten (10) business days of the issuance of the Nova Scotia
Procedural Order or such longer period as prescribed by the Nova Scotia Court. The Representative Noteholders who hold the Representative Proof of Claim agree to vote in favor of entering into the Settlement Agreement at the Meeting of
Creditors. Subject to receipt of appropriate approvals and directions at the Meeting of Creditors, within five (5) business days of the issuance of the 9019 Approval Order and the occurrence of the Meeting of Creditors, the Nova Scotia
Trustee will prepare and file a motion in form and substance reasonably acceptable to the Parties (the “Nova Scotia Approval Motion,” and together with the 9019 Motion and the Nova Scotia Procedural Motion, the “Approval
Motions”) with the Nova Scotia Court seeking recognition of the 9019 Approval Order, approval of all costs of the Nova Scotia Trustee and its counsel to date, authorization to pay a portion of those costs from the assets of the GMNSFC
estate, and incorporating by reference and giving effect to the releases contained in paragraphs 13 to 22 and the bar order contained in paragraph 31 of this agreement and the equivalent provisions of the 9019 Approval Order (the “Nova
Scotia Recognition Order” and together with the 9019 Approval Order, the “Approval Orders”). The Nova Scotia Recognition Order shall be in form and substance reasonably acceptable to the Parties. Notice of the Nova
Scotia Procedural Motion and the Nova Scotia Approval Motion will be provided as required by Paragraph 28. 

  
 16 

	28.	Notice of the Approval Motions. Notice of the Approval Motions will be given as follows: 

  

	 	a.	The Nova Scotia Trustee will cause the Fiscal and Paying Agent to provide a notice of the Approval Motions to all present holders of the Notes through the Euroclear and Clearstream settlement systems; 

 

	 	b.	The GUC Trust will provide notice of the 9019 Motion in accordance with the Bankruptcy Code and Local Rules of the Bankruptcy Court for the Southern District of New York, or as otherwise required by the Sixth Amended
Order Pursuant to 11 U.S.C. § 105(a) and Bankruptcy Rules 1015(c) and 9007 establishing Notice and Case Management Procedures, dated May 5, 2011 (Bankr. Dkt. No. 10183); 

 

	 	c.	The Nova Scotia Trustee will provide notice of the Nova Scotia Procedural Motion and motion to seek the Nova Scotia Approval Motion in accordance with applicable Canadian laws, rules and statutes; 

 

	 	d.	The GUC Trust will provide notice of the 9019 Motions to the addresses listed in the proofs of claim identified in Exhibit A hereto and any party served with the Claims Objection or the Adversary Proceeding; and

  

	 	e.	The Nova Scotia Trustee will provide notice of the Nova Scotia Procedural Motion to the addresses listed in any proofs of claim filed in the GMNSFC BIA Proceedings. 

 

	29.	Sections 503(b)/105 Motion. The 9019 Motion will reflect the agreement of the Parties that the Representative Noteholders and the Nova Scotia Trustee may file a motion under Sections 503(b) and 105 of the
Bankruptcy Code for payment by the GUC Trust of up to $1.5 million in cash in the aggregate (the “Sections 503(b)/105 Motion”). The Sections 503(b)/105 Motion must be filed within three (3) business days after the filing of the
9019 Motion, and the GUC Trust agrees that it will not oppose the Sections 503(b)/105 Motion. The Sections 503(b)/105 Motion will be independent of, and not be subject to, a condition of, or governed by, the Approval Orders. Any order determining
the Sections 503(b)/105 Motion shall be a stand-alone order, separate and independent of the Approval Orders, and the Representative Noteholders and the Nova Scotia Trustee agree that they shall request the Bankruptcy Court to enter such a
stand-alone order, limited to the relief requested in the Sections 503(b)/105 Motion. 

  

	30.	Court Approval. The GUC Trust and the Nova Scotia Trustee shall diligently prosecute the respective Approval Motions and use their best efforts to obtain the respective Approval Orders. In addition, the Parties
shall work in good faith to agree on the form and substance of the Approval Motions and the Approval Orders. Further, the non-moving Parties to the Approval Motions shall submit to each court an indication of support for the Approval Motions and
will not take any actions which may frustrate the process of obtaining the Approval Orders. 

  

	31.	 Bar Order Provision. The Parties agree that the Approval Orders shall contain provisions barring and enjoining all past, present and future
holders of Notes, GMNSFC, the Nova Scotia Trustee or any creditor of Old GM or GMNSFC from directly or indirectly making any claim, or commencing, continuing, initiating instituting, maintaining or prosecuting any lawsuit, administrative proceeding,
action or other legal 

  
 17 

	 	
or equitable proceeding based on the Lock-Up Agreement, the Consent Fee (including the funding of the Consent Fee or the repayment of any loans made by Old GM which indirectly funded the Consent
Fee), the Notes, the Intercompany Loans, the Guarantee, the Guarantee Claim, the Wind-Up Claim, the Extraordinary Resolution, the June 25 Agreement, GMNSFC, the GMNSFC BIA Proceedings, the Claims Objection, the Adversary Proceeding, the Rule
60(b) Motion, this Settlement Agreement, or the Oppression Action against the Noteholder/GM Releasees, the Nova Scotia Trustee/GM Releasees, or the GUC Trust/GM Releasees. All past, present, and future holders of the Notes (and the other Parties)
agree or shall be deemed to have agreed not to commence any litigation of any kind which will result in a third party asserting a claim, liability or demand against the Noteholder/GM Releasees, the Nova Scotia Trustee/GM Releasees, or the GUC
Trust/GM Releasees in respect of the subject matters being released by the Parties pursuant to this Settlement Agreement. The Approval Orders shall contain a provision enjoining such actions. 

 

	32.	Conditions. This Settlement Agreement shall not become effective or binding on the Parties and all past, present, and future holders of Notes unless the following conditions are satisfied: 

 

	 	a.	The following are conditions precedent: (i) this Agreement is fully executed by all of the Parties; (ii) the Nova Scotia Trustee has held the Meeting of Creditors in accordance with Canadian bankruptcy law and
obtains consent from a majority of such creditors to file the Nova Scotia Approval Motion and Nova Scotia Recognition Order; (iii) the Bankruptcy Court has entered the 9019 Approval Order and the Nova Scotia Court has entered the Nova Scotia
Recognition Order, and each order provides, among other things, for the releases set forth herein and the 9019 Approval Order provides for the Bar Order Provisions set forth herein; and (iv) each of the Approval Orders has become a Final Order;5 

  

	 	b.	The following are conditions subsequent: (i) the allowance of claims and the payments contemplated by this Settlement Agreement have been made; (ii) all claims listed in Exhibit A have been disallowed
and expunged; (iii) the New GM Administrative Claim has been resolved pursuant to Paragraph 10 hereof; and (iv) the Claims Objection, the Adversary Proceeding, and the Rule 60(b) Motion have been deemed withdrawn with prejudice; and

  

	5 	For purposes of this Settlement Agreement, the defined term “Final Order” shall mean the 9019 Approval Order and the Nova Scotia Recognition Order, which have not been reversed, vacated or stayed and as to
which (a) the time to appeal, petition for certiorari, or move for a new trial, reargument or rehearing has expired and as to which no appeal, petition for certiorari, or other proceedings for a new trial, reargument or rehearing shall then be
pending, or (b) if an appeal, writ of certiorari, new trial, reargument or rehearing thereof has been sought, such order or judgment shall have been affirmed by the highest court to which such order was appealed, or certiorari shall have been
denied, or a new trial, reargument or rehearing shall have been denied or resulted in no modification of such order, and the time to take any further appeal, petition for certiorari or move for a new trial, reargument or rehearing shall have
expired; provided, however, that no order or judgment shall fail to be a “Final Order” solely because of the possibility that a motion pursuant to section 502(j) or 1144 of the Bankruptcy Code or under Rule 60 of the Federal Rules of Civil
Procedure or Bankruptcy Rule 9024 has been or may be filed with respect to such order or judgment. 

  
 18 

	 	c.	If, for any reason, any of the foregoing conditions precedent or subsequent have not occurred, then this Settlement Agreement shall be null and void and of no force or effect unless such condition(s) have been waived or
modified pursuant to a writing duly executed by the Parties. 

  

	33.	Effective Date. For purposes of this Settlement Agreement, the defined term “Effective Date” shall mean the date that is the first business day after the later of: (a) the date on which the
9019 Approval Order becomes a Final Order; and (b) the date on which the Nova Scotia Recognition Order becomes a Final Order. If an appeal has been filed validly in accordance with applicable laws, rules and statutes, then the Parties shall
negotiate in good faith to establish a mutually agreeable alternative to the Effective Date. 

  

	34.	Record Date. The record date for the Distribution to holders of the Notes shall be two business days following the Effective Date, or as soon thereafter as may be required by the applicable procedures of the
Euroclear and Clearstream settlement systems (the “Record Date”). 

  

	35.	GUC Trust Monitor Approval. By signing below, the GUC Trust Monitor provides evidence of its approval, pursuant to Sections 11.3(a)(i) and 11.3(a)(viii) of the GUC Trust Agreement, of the settlement of Claims as
described in this Settlement Agreement and the distributions contemplated by Paragraphs 4 and 12 herein. 

  

	36.	Power to Execute. Each of the persons executing this Settlement Agreement on behalf of a Party hereto represents and warrants that, subject to the Approval Orders, he or she has full power and authority from the
Party he or she purports to represent to execute and deliver this Settlement Agreement on behalf of such Party and that all necessary resolutions, authorizations, and/or other necessary formalities have been obtained or accomplished. The
Representative Noteholders signatory hereto represent that each owns the Notes listed on each signature page for such Representative Noteholder, that the Notes and any related claims were not assigned, and no third party consents are necessary for
resolution of the Representative Noteholders’ interests in the Notes. 

  

	37.	Further Assurances. The Parties each agree to execute all such further documents as shall be reasonably necessary, required or helpful to carry out the terms, provisions and conditions of this Settlement
Agreement including if necessary an extraordinary resolution to confirm that this Settlement Agreement shall be binding on all past, present, and future holders of Notes. 

 

	38.	Good Faith. This Settlement Agreement was negotiated by the Parties hereto at arm’s length and in good faith. Each of the Parties has participated in the preparation of this Settlement Agreement after
consulting counsel of its choice. 

  

	39.	 No Admission of Liability. Nothing contained in this Settlement Agreement shall constitute or be construed as an admission or adjudication,
express or implied, of any liability whatsoever with respect to any claims that are the subject matter of this Settlement Agreement, or any issue of fact, law or liability of any type or nature with respect to any matter whether or not referred to
herein, and none of the Parties hereto has made such an admission. Without limiting in any way the effect of the preceding sentence, nothing in this Settlement Agreement shall constitute or be construed to be a

  
 19 

	 	
successful challenge to the payment of the Consent Fee or the repayment or disgorgement of the Consent Fee. If this Settlement Agreement is not consummated pursuant to the terms hereof, it shall
not be used or relied upon for any purpose other than the enforcement of rights under this paragraph. 

  

	40.	Binding Effect. Upon the Effective Date, this Settlement Agreement shall be binding upon and shall inure to the benefit of and be enforceable by the Parties hereto and their respective predecessors, successors,
endorsees, transferees, heirs, beneficiaries and assigns. 

  

	41.	WAIVER OF JURY TRIAL. THE PARTIES HERETO WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY ACTION AT LAW OR IN EQUITY OR IN ANY OTHER PROCEEDING BASED ON OR PERTAINING TO THIS SETTLEMENT AGREEMENT. 

 

	42.	Amendments and Modifications. No failure or delay on the part of any party hereto in exercising any right, power or remedy under this Settlement Agreement shall operate as a waiver thereof; nor shall any single
or partial exercise of such right, power or remedy preclude any other right, power or remedy under this Settlement Agreement. No amendment, modification, termination or waiver of any provision of this Settlement Agreement, nor consent to any
departure therefrom, shall in any event be effective unless the same shall be in writing making explicit reference to this Settlement Agreement, and shall be effective only in the specific instance and for the specific purpose for which given, and
executed by each of the Parties hereto. No notice or demand in any case shall entitle the recipient to any other or further notice or demand in similar or other circumstances. 

 

	43.	Counterparts. This Settlement Agreement may be executed in counterparts, each of which when so executed and delivered shall be an original, but all of which together shall constitute one and the same instrument.
Delivery of an executed counterpart of a signature page of this document by facsimile or other electronic transaction in portable document format (pdf) shall be effective as delivery of a manually executed counterpart of this document.

  

	44.	Notice. All notices and other communications relating to this Settlement Agreement shall be in writing, addressed to the Parties, respectively, at their respective addresses set forth below, or at such other
address as any may give notice to the other parties hereto as herein provided. Any notice, request or communication hereunder shall be deemed to have been given three (3) days after deposit in the mail, postage prepaid, or in the case of hand
delivery or delivery by overnight courier, when delivered, addressed as aforesaid, provided, however, that notice of a change of address shall be deemed to have been given only when actually received by the party to which it is
addressed. 

  

	 	a.	To the GUC Trust: 

 Barry Seidel, Esq. 

Eric Fisher, Esq. 
 DICKSTEIN
SHAPIRO 
 1633 Broadway 

  
 20 

 New York, NY 10019-6708 

Tel.:  (212) 277-6500 

Fax:  (212) 277-6501 

seidelb@dicksteinshapiro.com 

fishere@dicksteinshapiro.com 
  

	 	b.	To the Representative Noteholders: 

 Bruce Zirinsky, Esq. 

GREENBERG TRAURIG, LLP 
 MetLife
Building 
 200 Park Avenue, 

New York, NY 10166 

Tel.:  (212) 801-9200 

Fax:  (212) 801-6400 

zirinskyb@gtlaw.com 
 - and -

 Kevin D. Finger, Esq. 

GREENBERG TRAURIG, LLP 
 77 W.
Wacker Dr., Suite 3100 
 Chicago, IL 60601 

Tel.:  (312) 456-8400 

Fax:  (312) 456-8435 

fingerk@gtlaw.com 
 - and - 

Steven Reisman, Esq. 
 Theresa
Foudy, Esq. 
 CURTIS, MALLET-PREVOST, COLT & MOSLE, LLP 

101 Park Avenue 
 New York, NY
10178-0061 
 Tel.:  (212) 696-6000 

Fax:  (212) 697-1559 

sreisman@curtis.com 

tfoudy@curtis.com 
  

	 	c.	To the Nova Scotia Trustee: 

 Daniel Golden, Esq. 

Sean O’Donnell, Esq. 
 AKIN
GUMP STRAUSS HAUER & FELD, LLP 
 One Bryant Park 

Bank of America Tower 
 New York,
NY 10036-6745 
 Tel.:  (212) 872-1000 

Fax:  (212) 872-1002 

dgolden@akingump.com 

sodonnell@akingump.com 

  
 21 

	 	d.	To General Motors LLC and General Motors of Canada Limited: 

 Arthur Steinberg, Esq. 

Scott Davidson, Esq. 

KING & SPALDING, LLP 

1185 Avenue of the Americas 
 New
York, NY 10036 
 Tel.:  (212) 556-2100 

Fax:  (212) 556-2222 

asteinberg@kslaw.com 

sdavidson@kslaw.com 
 - and -

 Lawrence Buonomo, Esq. 
 300
GM Renaissance Center, 
 P.O. Box Mail Code 482-C39-B40 

Detroit, Michigan 

lawrence.s.buonomo@gm.com 
  

	45.	Governing Law. The Parties hereto acknowledge and agree that the laws of the State of New York shall govern the construction of this Settlement Agreement and the rights, remedies, warranties, representations,
covenants, and provisions hereof without giving effect to the conflict of laws rules of the State of New York. 

  

	46.	Exclusive Jurisdiction of the Bankruptcy Court. The Bankruptcy Court shall have exclusive jurisdiction to interpret and enforce this Settlement Agreement and to resolve any disputes relating to or concerning this
Settlement Agreement. The Parties agree to consult in good faith with each other before seeking judicial relief. Each of the Parties hereto irrevocably consents to the exclusive jurisdiction of the Bankruptcy Court for all purposes related to the
enforcement or interpretation of this Settlement Agreement. 

  

	47.	Entire Agreement. This Settlement Agreement embodies the entire agreement of the Parties hereto with regard to the subject matter hereof and any prior representations and agreements with regard to the same are
superseded in their entirety hereby. Headings are for convenience of reference only and shall not affect construction of this Settlement Agreement. The terms “hereof,” “herein,” “hereunder” and derivative words refer to
this Settlement Agreement. Any reference to the masculine, feminine or neuter gender shall be deemed to include any gender or all three as appropriate. The use of the word “including” herein shall mean “including without
limitation.” Unless the context otherwise required, “neither,” “nor,” “any,” “either” and “or” shall not be exclusive. Time is expressly made of the essence of this Settlement Agreement.

  

	48.	Additional Agreements. In furtherance of the settlement embodied herein, the Parties may issue, execute or record any agreements and other documents, and take any action as may be necessary or appropriate to
effectuate, consummate and further evidence the terms and conditions of this Settlement Agreement. 

  
 22 

 THIS PORTION OF THE PAGE INTENTIONALLY LEFT BLANK 

  
 23 

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

MOTORS LIQUIDATION COMPANY GUC TRUST 
  

			
	By:	 	 /s/ David A. Vanaskey Jr.

		
	Print:	 	 David A. Vanaskey Jr.

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

FTI CONSULTING, INC., AS GUC TRUST MONITOR, IN ITS SOLE CAPACITY AS GUC TRUST MONITOR AND NOT IN ITS INDIVIDUAL CAPACITY 

 

			
	By:	 	 /s/ Conor P. Tully

		
	Print:	 	 Conor P. Tully

		 	Senior Managing Director

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

GREEN HUNT WEDLAKE, INC. as TRUSTEE OF GENERAL MOTORS NOVA SCOTIA FINANCE COMPANY 

 

			
	By:	 	 /s/ Peter Wedlake

		
	Print:	 	 Peter Wedlake

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

DBX – RISK ARBITRAGE 1 FUND, LYXOR/PAULSON INTERNATIONAL FUND LIMITED, PAULSON ENHANCED LTD., PAULSON INTERNATIONAL LTD., PAULSON PARTNERS ENHANCED,
L.P., AND PAULSON PARTNERS L.P. 

									
			
	Collective Beneficial Holdings:	 		 	£12,845,000    2015 Notes
				
		 		 		 	£156,138,000  2023 Notes
			
	DBX – RISK ARBITRAGE 1 FUND	 		 	LYXOR/PAULSON INTERNATIONAL FUND LIMITED
					
	By:	 	 /s/ Stuart Merzer
	 		 	By:	 	 /s/ Lionel Paquin

					
	Print:	 	 Stuart Merzer
	 		 	Print:	 	 Lionel Paquin

		 	Authorized Signatory	 		 		 	Director
				
	PAULSON ENHANCED LTD.	 		 	By:	 	 /s/ Ingrid Martin

					
	By:	 	 /s/ Stuart Merzer
	 		 	Print:	 	 Ingrid Martin

	  
 Print:
	 	  
 Stuart Merzer
	 		 		 	Director
		 	Authorized Signatory	 		 	PAULSON INTERNATIONAL LTD.
	  
 PAULSON PARTNERS ENHANCED, L.P.
	 		 	  
 By:
	 	 /s/ Stuart Merzer

					
	 By:
	 	 /s/ Stuart Merzer
	 		 	Print:	 	 Stuart Merzer

		 		 		 		 	Authorized Signatory
	 Print:
	 	 Stuart Merzer

Authorized Signatory
	 		 	  
 PAULSON PARTNERS L.P.

		 		 		 	  
 By:
	 	 /s/ Stuart Merzer

					
		 		 		 	Print:	 	 Stuart Merzer

		 		 		 		 	Authorized Signatory

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

ELLIOTT INTERNATIONAL LP, THE LIVERPOOL LIMITED PARTNERSHIP, GATWICK SECURITIES LLC 

									
				
	Collective Beneficial Holdings:	 		 		 	£121,193,000  2015 Notes
					
		 		 		 		 	£22,806,000    2023 Notes
				
	THE LIVERPOOL LIMITED PARTNERSHIP	 		 		 	
	By: Liverpool Associates Ltd.	 		 		 	
	as General Partner	 		 		 	
					
	By:	 	 /s/ Elliot Greenberg
	 		 		 	
	Name:	 	Elliot Greenberg	 		 		 	
	Title:	 	Vice President	 		 		 	
				
	ELLIOTT INTERNATIONAL, L.P.	 		 		 	
	By: Elliott International Capital Advisors Inc.	 		 		 	
	as Attorney-in-Fact	 		 		 	
					
	By:	 	 /s/ Elliot Greenberg
	 		 		 	
	Name:	 	Elliot Greenberg	 		 		 	
	Title:	 	Vice President	 		 		 	
				
	GATWICK SECURITIES LLC	 		 		 	
					
	By:	 	 /s/ Elliot Greenberg
	 		 		 	
	Name:	 	Elliot Greenberg	 		 		 	
	Title:	 	Vice President	 		 		 	

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

DRAWBRIDGE DSO SECURITIES LLC, DRAWBRIDGE OSO SECURITIES LLC, FCOF UB SECURITIES LLC, WORDEN MASTER FUND L.P. , WORDEN MASTER FUND II L.P. 

											
				
	Collective Beneficial Holdings:	 		 		 	£56,452,000  2015 Notes
						
		 		 		 		 		 	£13,464,000  2023 Notes
				
	DRAWBRIDGE SPECIAL OPPORTUNITIES FUND LP	 		 		 	
				
	By: Drawbridge Special Opportunities GP LLC, its general partner	 		 		 	
					
	By:	 	 /s/ Constantine M. Dakolias
	 		 		 	
		 	Name:	 	Constantine M. Dakolias	 		 		 	
		 	Title:	 	President	 		 		 	
				
	DRAWBRIDGE DSO SECURITIES LLC	 		 		 	
					
	By:	 	 /s/ Constantine M. Dakolias
	 		 		 	
		 	Name:	 	Constantine M. Dakolias	 		 		 	
		 	Title:	 	President	 		 		 	
				
	DRAWBRIDGE OSO SECURITIES LLC	 		 		 	
					
	By:	 	 /s/ Constantine M. Dakolias
	 		 		 	
		 	Name:	 	Constantine M. Dakolias	 		 		 	
		 	Title:	 	President	 		 		 	
				
	FCOF UB SECURITIES LLC	 		 		 	
					
	By:	 	 /s/ Constantine M. Dakolias
	 		 		 	
		 	Name:	 	Constantine M. Dakolias	 		 		 	
		 	Title:	 	President	 		 		 	
				
	WORDEN MASTER FUND L.P.	 		 		 	
				
	By: Fortress Special Opportunities I GP LLC, its general partner	 		 		 	
					
	By:	 	 /s/ Constantine M. Dakolias
	 		 		 	
		 	Name:	 	Constantine M. Dakolias	 		 		 	
		 	Title:	 	President	 		 		 	

											
	WORDEN MASTER FUND II L.P.	 		 		 	
				
	By: Fortress Special Opportunities I GP LLC, its general partner	 		 		 	
					
	By:	 	 /s/ Constantine M. Dakolias
	 		 		 	
		 	Name:	 	Constantine M. Dakolias	 		 		 	
		 	Title:	 	President	 		 		 	

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 

MORGAN STANLEY & CO. INTERNATIONAL PLC 
  

									
	Beneficial Holdings:	 		 		 	£63,063,000  2015 Notes
					
		 		 		 		 	£39,232,200  2023 Notes
					
	By:	 	 /s/ Brian Cripps
	 		 		 	
					
	Print:	 	 Brian Cripps
	 		 		 	
		 	Authorized Signatory	 		 		 	

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed this Settlement Agreement as of
the date and year shown above. 
  

			
	GENERAL MOTORS LLC
		
	By:	 	 /s/ Anne T. Larin

		
	Print:	 	 Anne T. Larin

		 	Secretary

 IN WITNESS WHEREOF, and intending to be legally bound, the Parties have executed 

this Settlement Agreement as of the date and year shown above. 
  

			
	GENERAL MOTORS OF CANADA LIMITED
		
	By:	 	 /s/ Jeffrey W. Rolfs

		
	Print:	 	 Jeffrey W. Rolfs

 EXHIBIT A 

PROOFS OF CLAIM FILED IN CONNECTION WITH THE GUARANTEE 

Claim Nos. 1556; 1558; 29379; 29647; 29648; 31167; 31168; 31868; 32887; 32888; 37319; 49548; 60234; 60251; 60547; 60566; 60567; 60964; 60993; 61481; 61520;
61915; 63955; 64298; 64332; 64340; 65554; 65765; 65784; 65934; 66206; 66216; 66217; 66218; 66265; 66266; 66267; 66312; 66448; 66462; 66718; 66735; 66769; 67022; 67034; 67035; 67244; 67245; 67345; 67428; 67429; 67430; 67498; 67499; 67500; 67501;
68705; 68941; 69306; 69307; 69308; 69309; 69340; 69341; 69551; 69552; 69734; 70200; 70201; and 71270. 

 EXHIBIT B 

Form 8-K Disclosure 
 The Motors
Liquidation Company GUC Trust (the “GUC Trust”) previously announced, on June 27, 2013, the commencement of a court-ordered mediation process (the “Nova Scotia Mediation”) in the ongoing litigation (the “Nova Scotia
Litigation”) to disallow, equitably subordinate or reduce certain claims filed in the bankruptcy cases of Motors Liquidation Company (“MLC”) and its affiliates by or on behalf of the holders of the 8.375% guaranteed notes due
December 7, 2015 (the “2015 Notes”) and the 8.875% guaranteed notes due July 10, 2023 (the “2023 Notes”), in each case issued in 2003 by General Motors Nova Scotia Finance Company (collectively, the “Nova Scotia
Notes”). 
 On September 26, 2013, the parties to the Nova Scotia Mediation entered into a proposed settlement agreement (the “Settlement
Agreement”) relating to the Nova Scotia Litigation, the principal terms of which include: 
  

	(i)	the allowance of a $1.073 billion general unsecured claim against the MLC estate in favor of the holders of the Nova Scotia Notes, based upon MLC’s guarantee of the Nova Scotia Notes (the “Guarantee
Claim”); 

  

	(ii)	the reduction of the approximately $1.608 billion claim filed by Green Hunt Wedlake, Inc. as trustee for General Motors Nova Scotia Finance Company (the “Nova Scotia Trustee”) to $477 million, and the
allowance of that claim as so reduced as a general unsecured claim against the MLC estate (the “Wind-Up Claim”); 

  

	(iii)	the payment by General Motors of Canada Limited of $50 million in cash to the Nova Scotia Trustee, to be applied in part to pay certain fees and expenses of certain parties to the Nova Scotia Mediation in the amount of
$17.5 million (plus any additional amounts owed by General Motors Nova Scotia Finance Company to the Canadian Office of Superintendent of Bankruptcy pursuant to applicable bankruptcy laws in Canada), with the remainder to be distributed to the
holders of the Nova Scotia Notes allocated as follows: approximately 57.43% to the 2015 Notes and approximately 42.57% to the 2023 Notes; and 

  

	(iv)	various releases from liability by all past, present and future holders of Nova Scotia Notes and the other parties to the Settlement Agreement. 

The Settlement Agreement requires the GUC Trust to make the following distributions in accordance with the terms of the Amended and Restated Motors
Liquidation Company GUC Trust Agreement, dated as of June 11, 2012, as subsequently amended (the “GUC Trust Agreement”), on an accelerated basis: 
  

	(i)	a special distribution (the “Initial Distribution”) of common stock of General Motors Company (the “GM Common Stock”), warrants to purchase GM Common Stock and units of beneficial interest in the GUC
Trust (the “GUC Trust Units”), pursuant to Sections 5.3 and 5.8 of the GUC Trust Agreement, to the holders of record of the Nova Scotia Notes as of a date (the “Noteholder Record Date”) following the expiration of the Settlement
Appeals Periods (as defined below), as the beneficial holders of the allowed portions of the Guarantee Claim and the Wind-Up Claim, on account of such claims; and 

 

	(ii)	a special distribution of excess distributable assets of the GUC Trust, pursuant to Sections 5.4 and 5.8 of the GUC Trust Agreement, to all holders of record of the GUC Trust Units (including the GUC Trust Units
distributed in the Initial Distribution) as of a record date to be set after the date of the Initial Distribution. 

 The Initial Distribution will consist of, in the aggregate, (a) 6,174,015 shares of GM Common Stock,
(b) 5,612,741 warrants to acquire GM Common Stock at an exercise price of $10.00, expiring July 10, 2016, (c) 5,612,741 warrants to acquire GM Common Stock at an exercise price of $18.33, expiring July 10, 2019, and
(d) 1,550,000 GUC Trust Units. In addition, in the event that any assets become available for distribution to holders of general unsecured claims against the MLC estate in respect of the legal action styled as Official Committee of Unsecured
Creditors of Motors Liquidation Co. v. JPMorgan Chase Bank, N.A. et al. (Adv. Pro. No. 09-00504 (Bankr. S.D.N.Y. July 31, 2009)) (the “Term Loan Avoidance Action”), such distributions will be made to the holders of the Nova
Scotia Notes as of the Noteholder Record Date, as the beneficial holders of the allowed portions of the Guarantee Claim and the Wind-Up Claim. For additional information regarding the Term Loan Avoidance Action, please see the disclosure in the GUC
Trust’s Form 10-K, filed on March 31, 2013, under the headings “Item 1. Business—Term Loan Avoidance Action” and “Item 3. Legal Proceedings—Term Loan Avoidance Action.” 

The Settlement Agreement also requires, on or before September 27, 2013, the GUC Trust to file a motion with the Bankruptcy Court for the Southern
District of New York, and the Nova Scotia Trustee to file a motion with the Supreme Court of Nova Scotia, in each case seeking the approval by such court of the Settlement Agreement. The Settlement Agreement is subject to, among other things, the
receipt of such court approvals, and the terms of the Settlement Agreement are not binding on the GUC Trust or the other parties until such court approvals are obtained and until the applicable deadlines for appeal (the “Settlement Appeals
Periods”) have expired. The Settlement Agreement is also subject to (i) the withdrawal, disallowance and/or expungement of all other claims filed in the bankruptcy cases of MLC in respect of the Nova Scotia Notes, (ii) the withdrawal
of the New GM Administrative Claim, as defined and to the extent set forth in the Settlement Agreement, (iii) the withdrawal of the Rule 60(b) Motion, as defined in the Settlement Agreement, and (iv) the dismissal of the Nova Scotia
Litigation and all ancillary proceedings thereto. 
 The foregoing description is qualified in its entirety by to the Settlement Agreement, a copy of which
is attached as Exhibit 10.1 and which is incorporated by reference into this Item 1.01.

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