Document:

Certificate of Designation of Special Voting Stock of AbitibiBowater

 Exhibit 4.1 
 CERTIFICATE OF DESIGNATION 
 OF 
 SPECIAL VOTING STOCK 
 OF 
 ABITIBIBOWATER INC. 
  

 Pursuant to Section 151 of the General Corporation 
 Law of the State of Delaware 
  

 AbitibiBowater Inc., a corporation organized and existing under the General Corporation Law of the State of Delaware (the “Corporation”), does
hereby certify that the following resolution was duly adopted by the Board of Directors of the Corporation by written consent in lieu of a meeting of the Board of Directors held on October 26, 2007: 
 RESOLVED that, subject to the consummation of the transactions contemplated by the Combination Agreement and Agreement and Plan of Merger, dated as of
January 29, 2007, among the Corporation, Bowater Incorporated, a Delaware corporation, Alpha-Bravo Merger Sub Inc., a Delaware corporation, Bowater Canada Inc., a corporation incorporated under the laws of Canada, and Abitibi-Consolidated Inc.,
a corporation amalgamated under the laws of Canada, and pursuant to the authority vested in the Board by the Amended and Restated Certificate of Incorporation of the Corporation, the Board does hereby create, authorize and provide for the issuance
of Special Voting Stock, consisting of one share (the “Special Voting Stock”), having the designations, preferences, relative, participating, optional and other special rights and the qualifications, limitations and restrictions thereof
that are set forth in the Restated Certificate of Incorporation of the Corporation and in this Resolution as follows: 
 (a) Designation.
There is hereby created out of the authorized and unissued shares of Serial Preferred Stock of the Corporation a series of Serial Preferred Stock designated as the “Special Voting Stock”. The number of shares constituting the Special
Voting Stock shall be one. 
 (b) Ranking. The Special Voting Stock shall, with respect to rights on liquidation, winding up and dissolution,
rank (i) senior to all classes of common stock of the Corporation, and (ii) junior to any other class or series of Serial Preferred Stock of the Corporation. 
 (c) Dividends. No dividend shall be payable to the holder of the share of Special Voting Stock. 
 (d)
Liquidation Preference. (i) Upon any voluntary or involuntary liquidation, dissolution or winding-up of the Corporation, if the Special Voting Stock is 

  

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then outstanding, the holder thereof shall be entitled to receive, out of the assets of the Corporation available for distribution to its stockholders, an
amount equal to $10.00 before any distribution is made on the common stock of the Corporation or any other stock of the Corporation ranking junior to the Special Voting Stock as to distribution of assets on liquidation, dissolution or winding-up.
After payment of the full amount of the liquidation preference of the outstanding share of Special Voting Stock, the holder of the share of Special Voting Stock shall not be entitled to any further participation in any distribution of assets of the
Corporation. 
 (ii) For the purposes of this paragraph (d), neither the sale, conveyance, exchange or transfer (for cash, shares of stock,
securities or other consideration) of all or substantially all of the property or assets of the Corporation nor the consolidation or merger of the Corporation with or into one or more other entities shall be deemed to be a liquidation, dissolution
or winding-up of the Corporation. 
 (e) Voting Rights. (i) The holder of Special Voting Stock, except as otherwise required under
applicable law or as set forth in subparagraph (ii) below, shall not be entitled to vote on any matter required or permitted to be voted upon by the stockholders of the Corporation. 
 (ii) At each annual or special meeting of stockholders of the Corporation, the holder of the Special Voting Stock shall be entitled to vote on all
matters submitted to a vote of the holders of common stock of the Corporation, voting together with the holders of common stock of the Corporation as a single class (except as otherwise provided herein or by applicable law), and the holder of the
Special Voting Stock shall be entitled to cast on any such matter a number of votes equal to the number of Exchangeable Shares (the “Exchangeable Shares”) of Bowater Canada Inc., a Canadian corporation (“Bowater Canada”), then
outstanding (A) that are not owned by the Corporation or its affiliates and (B) as to which the holder of the Special Voting Stock has timely received voting instructions from the holders of such Exchangeable Shares in accordance with the
Voting and Exchange Trust Agreement to be entered into among the Corporation, Bowater Canadian Holdings Incorporated, a corporation incorporated under the Companies Act (Nova Scotia), Bowater Canada and the trustee thereunder. 
 (f) Conversion or Exchange. The holder of the share of Special Voting Stock shall not have any rights hereunder to convert such share into, or exchange
such share for, shares of any other series or class of Capital Stock of the Corporation. 
 (g) Reissuance of Special Voting Stock. If the
share of Special Voting Stock is at any time redeemed, purchased or otherwise acquired by the Corporation in any manner, it shall after such redemption, purchase or other acquisition have the status of an authorized and unissued share of Serial
Preferred Stock undesignated as to series and may be redesignated and reissued as part of any series of Serial Preferred Stock. 
 (h)
Redemption. The share of Special Voting Stock shall not be subject to redemption, except that at such time as no Exchangeable Shares (other than 

  

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Exchangeable Shares owned by the Corporation and its affiliates) shall be outstanding, the Special Voting Stock shall automatically be redeemed and canceled,
with an amount equal to $10.00 due and payable upon such redemption. 
 (i) Restrictions. So long as any Exchangeable Shares (other than
Exchangeable Shares owned by the Corporation and its affiliates) shall be outstanding, the number of shares comprising the Special Voting Stock shall not be increased or decreased and no other term of the Special Voting Stock shall be amended,
except upon approval of the holder of the outstanding share of Special Voting Stock. So long as the share of Special Voting Stock is outstanding, the Corporation shall (i) fully comply with all terms of the Exchangeable Shares applicable to the
Corporation and with all contractual obligations of the Corporation associated with such Exchangeable Shares and (ii) not amend, alter, change or repeal this paragraph (i) except upon the approval of the holder of the outstanding share of
Special Voting Stock. 
 (j) Certain Definitions. As used in this Certificate of Designation, the following terms shall have the following
meanings (and (i) terms defined in the singular have comparable meanings when used in the plural and vice versa, (ii) “including” means including without limitation and (iii) “or” is not exclusive, unless the
context otherwise requires): 
 “Special Voting Stock” means the Special Voting Stock of the Corporation. 
 “Board” means the Board of Directors of the Corporation or any committee thereof duly authorized to act on behalf of such Board. 
 “Capital Stock” means, with respect to any Person, any shares or other equivalents (however designated) of corporate stock, partnership
interests or any other participations, rights, warrants, options or other interests in the nature of an equity interest in such Person, including Preferred Stock, but excluding any debt security convertible or exchangeable into such equity interest.

 “Person” means any individual, corporation, company (including any limited liability company), partnership, joint venture,
trust, unincorporated organization, government or any agency or political subdivision thereof or any other entity. 
 “Preferred
Stock” means any Capital Stock of a Person, however designated, that entitles the holder thereof to a preference with respect to the payment of dividends, or as to the distribution of assets upon any voluntary or involuntary liquidation or
dissolution of such Person, over shares of any other class of Capital Stock issued by such Person. 
 (k) Effective Time. This Certificate of
Designation shall be effective as of 5:45 am (Eastern Time) on October 29, 2007. 
  

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 IN WITNESS WHEREOF, the undersigned has caused this Certificate of Designation to be duly executed in its
corporate name by its duly authorized officer. 
 Dated: October 26, 2007 
  

			
	ABITIBIBOWATER INC.
		
	By:	 	/s/ John W.Weaver
	Name:	 	John W. Weaver
	Title:	 	Executive Chairman

  

 4Form of Amended and Restated Support Agreement

 Exhibit 4.1 
 AMENDED AND RESTATED SUPPORT AGREEMENT 
 MEMORANDUM OF AGREEMENT made as of the
         day of                         , 2007. 
  

	 BETWEEN: 
	 ABITIBIBOWATER INC., a corporation subsisting under the laws of the State of Delaware, (hereinafter referred to as
“AbitibiBowater”), 

 OF THE FIRST PART, 
  

	 - and- 
	 BOWATER CANADIAN HOLDINGS INCORPORATED, a corporation subsisting under the laws of the Province of Nova Scotia, (hereinafter referred to as
“Bowater Holdings”), 

 OF THE SECOND PART, 
  

	 - and- 
	 ABITIBIBOWATER CANADA INC., a corporation subsisting under the laws of Canada, (hereinafter referred to as “AbitibiBowater
Canada”), 

 OF THE THIRD PART, 
  

	 - and - 
	 BOWATER INCORPORATED, a corporation subsisting under the laws of the State of Delaware, (hereinafter referred to as
“Bowater”), 

 OF THE FOURTH PART, 
 WHEREAS, in connection with the acquisition by Bowater of Avenor Inc. (“Avenor”), AbitibiBowater Canada (formerly known as Bowater Canada Inc.) issued non-voting exchangeable shares of its
capital (the “Exchangeable Shares”) to certain holders of common shares of Avenor which were exchangeable, in accordance with their terms, for shares of Bowater common stock (the “Bowater Common Shares”);

 WHEREAS, in connection with the acquisition by Bowater of Avenor, Bowater, AbitibiBowater Canada (formerly known as Bowater Canada Inc.) and
Bowater Holdings entered into a support agreement dated as of July 24, 1998 (the “Original Support Agreement”); 
 WHEREAS pursuant
to a combination agreement and agreement and plan of merger dated as of January 29, 2007 (the “Combination Agreement”) among Abitibi-Consolidated Inc. (“Abitibi”), Bowater, AbitibiBowater (formerly known as
Alpha-Bravo Holdings Inc.), Alpha-Bravo Merger Sub Inc. and AbitibiBowater Canada (formerly known as Bowater Canada Inc.), AbitibiBowater Canada filed articles of amendment on October         , 2007 (the
“Bowater 

 
Canada Articles of Amendment”), which included the following elements: (i) the changing of Bowater Canada Inc.’s name to
“AbitibiBowater Canada Inc.”; (ii) the changing of each issued and outstanding Exchangeable Share into 0.52 of an Exchangeable Share; and (iii) the repeal of the rights, privileges, restrictions and conditions attaching to the Exchangeable
Shares as set out in Schedule 1 to Bowater Canada Inc.’s articles of amendment filed on July 23, 1998 and the replacement of such rights, privileges, restrictions and conditions attaching to the Exchangeable Shares with those set out in
Schedule 1 to the Bowater Canada Articles of Amendment (such rights, privileges, restrictions and conditions attaching to the Exchangeable Shares as set forth in Schedule 1 to the Bowater Canada Articles of Amendment being referred to herein as the
“Share Provisions”); 
 WHEREAS pursuant to the Combination Agreement and a plan of arrangement with respect to Abitibi and its
shareholders approved by the Superior Court of Québec on August 7, 2007 (the “Plan of Arrangement”), on October [ ], 2007, AbitibiBowater Canada issued additional Exchangeable Shares of its capital to certain holders of
common shares of Abitibi (the arrangement effected by the Plan of Arrangement being referred to herein as the “Arrangement”); 
 AND
WHEREAS pursuant to the Combination Agreement, (i) Bowater agreed and undertook that it will, and it will cause Bowater Holdings and AbitibiBowater Canada, subject to obtaining the final order in respect of the Arrangement to, amend or
amend and restate the Original Support Agreement in order to give effect to the Bowater Canada Articles of Amendment; and (ii) AbitibiBowater agreed and undertook to become a party to the Original Support Agreement. 
 NOW THEREFORE in consideration of the respective covenants and agreements provided in this amended and restated support agreement (the “Amended and
Restated Support Agreement”) and for other good and valuable consideration (the receipt and sufficiency of which are hereby acknowledged), the parties hereto hereby covenant and agree as follows: 
 ARTICLE 1 
 DEFINITIONS AND
INTERPRETATION 
  

	1.1	Defined Terms. Each term denoted herein by initial capital letters and not otherwise defined herein shall have the meaning ascribed thereto in the Share
Provisions, unless the context requires otherwise. 

  

	1.2	Interpretation Not Affected by Headings. The division of this Amended and Restated Support Agreement into articles, sections and paragraphs and the insertion of
headings are for convenience of reference only and shall not affect the construction or interpretation of this Amended and Restated Support Agreement. 

  

	1.3	Number, Gender. Words importing the singular number only shall include the plural and vice versa. Words importing the use of any gender shall include all genders.

  

	1.4	 Date for any Action. If any date on which any action is required to be taken under this Amended and Restated Support Agreement is not a Business
Day, such action shall be required to be taken on the next succeeding Business Day. For the purposes of this Amended and Restated Support Agreement, a “Business Day” means a day other than a 

  

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Saturday, a Sunday or a statutory holiday in Toronto, Ontario, Montréal, Québec or New York, New York. 

 ARTICLE 2 
 COVENANTS OF
ABITIBIBOWATER, BOWATER HOLDINGS, 
 ABITIBIBOWATER CANADA AND BOWATER 
  

	2.1	Funding of AbitibiBowater Canada. So long as any Exchangeable Shares not owned by AbitibiBowater or its affiliates are outstanding, AbitibiBowater will:

  

	 	(a)	not declare or pay any dividend on AbitibiBowater Common Shares unless (i) AbitibiBowater Canada shall immediately thereafter declare or pay, as the case may be, an equivalent
dividend (as provided for in the Share Provisions) on the Exchangeable Shares and (ii) AbitibiBowater Canada shall have sufficient money or other assets or authorized but unissued securities available to enable the due declaration and the due
and punctual payment, in accordance with applicable law, of any such dividend on the Exchangeable Shares; 

  

	 	(b)	advise AbitibiBowater Canada sufficiently in advance of the declaration by AbitibiBowater of any dividend on AbitibiBowater Common Shares and take all such other actions as are
reasonably necessary, in cooperation with AbitibiBowater Canada, to ensure that the respective declaration date, record date and payment date for a dividend on the Exchangeable Shares shall be the same as the declaration date, record date and
payment date for the corresponding dividend on AbitibiBowater Common Shares; 

  

	 	(c)	ensure that the record date for any dividend declared on AbitibiBowater Common Shares is not less than 10 Business Days after the declaration date of such dividend; and

  

	 	(d)	take all such actions and do all such things as are reasonably necessary or desirable to enable and permit AbitibiBowater Canada, in accordance with applicable law, to pay and
otherwise perform its obligations with respect to the satisfaction of the Liquidation Amount, the Retraction Price or the Redemption Price in respect of each issued and outstanding Exchangeable Share upon the liquidation, dissolution or
winding-up of AbitibiBowater Canada, a Retraction Request by a holder of Exchangeable Shares or a redemption of Exchangeable Shares by AbitibiBowater Canada, as the case may be, including without limitation all such actions and all such things as
are necessary or desirable to enable and permit AbitibiBowater Canada to cause to be delivered AbitibiBowater Common Shares to the holders of Exchangeable Shares in accordance with the provisions of Article 5, 6 or 7, as the case may be,
of the Share Provisions. 

  

	2.2	 Deposit of Funds. AbitibiBowater will cause AbitibiBowater Canada to deposit a sufficient amount of funds in an account of AbitibiBowater Canada
as is necessary to enable AbitibiBowater Canada to pay dividends when due and to pay or otherwise satisfy 

  

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its respective obligations under Article 5, 6 or 7 of the Share Provisions or Article 5 of the Plan of Arrangement, as applicable.

  

	2.3	Reservation of AbitibiBowater Common Shares. AbitibiBowater hereby represents, warrants and covenants in favour of AbitibiBowater Canada that it has reserved for
issuance and will, at all times while any Exchangeable Shares (other than Exchangeable Shares held by AbitibiBowater or its affiliates) are outstanding, keep available, free from pre-emptive and other rights, out of its authorized and unissued
capital stock such number of AbitibiBowater Common Shares (or other shares or securities into which AbitibiBowater Common Shares may be reclassified or changed as contemplated by section 2.7 hereof) (a) as is equal to the sum of
(i) the number of Exchangeable Shares issued and outstanding from time to time and (ii) the number of Exchangeable Shares issuable upon the exercise of all rights to acquire Exchangeable Shares outstanding from time to time and (b) as
are now and may hereafter be required to enable and permit AbitibiBowater to meet its obligations under the Voting and Exchange Trust Agreement and under any other security or commitment pursuant to which AbitibiBowater may now or hereafter be
required to issue AbitibiBowater Common Shares and to enable and permit Bowater Holdings and AbitibiBowater Canada to meet their respective obligations hereunder and under the Share Provisions. 

  

	2.4	Notification of Certain Events. In order to assist AbitibiBowater to comply with its obligations hereunder and to permit Bowater Holdings to exercise the
Liquidation Call Right, the Retraction Call Right and the Redemption Call Right, AbitibiBowater Canada will notify AbitibiBowater and Bowater Holdings of each of the following events at the time set forth below: 

  

	 	(a)	in the event of any determination by the Board of Directors of AbitibiBowater Canada to institute voluntary liquidation, dissolution or winding-up proceedings with respect to
AbitibiBowater Canada or to effect any other distribution of the assets of AbitibiBowater Canada among its shareholders for the purpose of winding up its affairs, at least 60 days prior to the proposed effective date of such liquidation,
dissolution, winding-up or other distribution; 

  

	 	(b)	promptly, upon the earlier of receipt by AbitibiBowater Canada of notice of and AbitibiBowater Canada otherwise becoming aware of any threatened or instituted claim, suit, petition
or other proceedings with respect to the involuntary liquidation, dissolution or winding-up of AbitibiBowater Canada or to effect any other distribution of the assets of AbitibiBowater Canada among its shareholders for the purpose of winding up its
affairs; 

  

	 	(c)	immediately, upon receipt by AbitibiBowater Canada of a Retraction Request; 

  

	 	(d)	except in the case of an acquisition of Control of AbitibiBowater, at least 75 days prior to any Redemption Date determined in accordance with the Share
Provisions; and 

  

	 	(e)	as soon as practicable upon the issuance by AbitibiBowater Canada of any Exchangeable Shares or rights to acquire Exchangeable Shares. 

  

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	2.5	Delivery of Common Shares to AbitibiBowater Canada. In furtherance of its obligations under section 2.1(d) hereof, upon notice from AbitibiBowater Canada of
any event that requires AbitibiBowater Canada to cause to be delivered AbitibiBowater Common Shares to any holder of Exchangeable Shares, AbitibiBowater shall forthwith issue and deliver to AbitibiBowater Canada the requisite number of
AbitibiBowater Common Shares to be received by, and issued to or to the order of, the former holder of the surrendered Exchangeable Shares, as AbitibiBowater Canada shall direct. All such AbitibiBowater Common Shares shall be duly authorized and
validly issued as fully paid and non-assessable and shall be free and clear of any lien, claim or encumbrance. In consideration of the issuance and delivery of each such AbitibiBowater Common Share, AbitibiBowater Canada shall issue to
AbitibiBowater, or as AbitibiBowater shall direct, common shares of AbitibiBowater Canada having equivalent value. 

  

	2.6	Qualification of AbitibiBowater Common Shares. If any AbitibiBowater Common Shares (or other shares or securities into which AbitibiBowater Common Shares may be
reclassified or changed as contemplated by section 2.7 hereof) to be issued and delivered hereunder require registration or qualification with or approval of or the filing of any document, including any prospectus or similar document or the
taking of any proceeding with or the obtaining of any order, ruling or consent from any governmental or regulatory authority under any Canadian or United States federal, provincial or state law or regulation or pursuant to the rules and regulations
of any regulatory authority or the fulfilment of any other United States or Canadian legal requirement before such shares (or such other shares or securities) may be issued by AbitibiBowater and delivered by AbitibiBowater, AbitibiBowater Canada,
Bowater Holdings or Bowater, at the direction of AbitibiBowater Canada if applicable, to the holder of Exchangeable Shares or in order that such shares (or such other shares or securities) may be freely traded thereafter (other than any restrictions
of general application on transfer by reason of a holder being a “control person” for purposes of Canadian provincial securities law or an “affiliate” of AbitibiBowater for purposes of United States federal or state securities
law), AbitibiBowater will in good faith expeditiously take all such actions and do all such things as are necessary or desirable to cause such AbitibiBowater Common Shares (or such other shares or securities) to be and remain duly registered,
qualified or approved under United States and/or Canadian law, as the case may be. AbitibiBowater will in good faith expeditiously take all such actions and do all such things as are reasonably necessary or desirable to cause all AbitibiBowater
Common Shares (or such other shares or securities) to be delivered hereunder to be listed, quoted or posted for trading on all stock exchanges and quotation systems on which outstanding AbitibiBowater Common Shares (or such other shares or
securities) have been listed by AbitibiBowater and remain listed and are quoted or posted for trading at such time. 

  

	2.7	Economic Equivalence.

  

	 	(a)	AbitibiBowater will not without prior approval of AbitibiBowater Canada and the prior approval of the holders of the Exchangeable Shares given in accordance with Section 10.2
of the Share Provisions: 

  

	 	(i)	 issue or distribute AbitibiBowater Common Shares (or securities exchangeable for or convertible into or carrying rights to acquire 

  

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AbitibiBowater Common Shares) to the holders of all or substantially all of the then outstanding AbitibiBowater Common Shares by way of stock dividend or
other distribution, other than an issue of AbitibiBowater Common Shares (or securities exchangeable for or convertible into or carrying rights to acquire AbitibiBowater Common Shares) to holders of AbitibiBowater Common Shares who exercise an option
to receive dividends in AbitibiBowater Common Shares (or securities exchangeable for or convertible into or carrying rights to acquire AbitibiBowater Common Shares) in lieu of receiving cash dividends; or 

  

	 	(ii)	issue or distribute rights, options or warrants to the holders of all or substantially all of the then outstanding AbitibiBowater Common Shares entitling them to subscribe for or to
purchase AbitibiBowater Common Shares (or securities exchangeable for or convertible into or carrying rights to acquire AbitibiBowater Common Shares); or 

  

	 	(iii)	issue or distribute to the holders of all or substantially all of the then outstanding Bowater Common Shares (A) shares or securities of Bowater of any class other than Bowater
Common Shares (other than shares convertible into or exchangeable for or carrying rights to acquire Bowater Common Shares), (B) rights, options or warrants other than those referred to in section 2.7(a)(ii) above, (C) evidences of
indebtedness of Bowater or (D) assets of Bowater, 

  

	 	    	unless the economic equivalent on a per share basis of such rights, options, securities, shares, evidences of indebtedness or other assets is issued or distributed simultaneously to
holders of the Exchangeable Shares; provided that, for greater certainty, the above restrictions shall not apply to any securities issued or distributed by AbitibiBowater in order to give effect to and to consummate the transactions contemplated by,
and in accordance with, the Plan of Arrangement. 

  

	 	(b)	AbitibiBowater will not without the prior approval of AbitibiBowater Canada and the prior approval of the holders of the Exchangeable Shares given in accordance with
Section 10.2 of the Share Provisions: 

  

	 	(i)	subdivide, redivide or change the then outstanding AbitibiBowater Common Shares into a greater number of AbitibiBowater Common Shares; or 

  

	 	(ii)	reduce, combine, consolidate or change the then outstanding AbitibiBowater Common Shares into a lesser number of AbitibiBowater Common Shares; or 

  

	 	(iii)	effect an AbitibiBowater Share Exchange Transaction, 

  

	    	unless the same or an economically equivalent change shall simultaneously be made to, or in the rights of the holders of, the Exchangeable Shares. 

  

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	 	(c)	AbitibiBowater will ensure that the record date for any event referred to in section 2.7(a) or 2.7(b) above, or (if no record date is applicable for such event) the effective
date for any such event, is not less than 10 days after the date on which such event is declared or announced by AbitibiBowater (with contemporaneous notification thereof by AbitibiBowater to AbitibiBowater Canada, Bowater Holdings and
Bowater). 

  

	 	(d)	The Board of Directors of AbitibiBowater Canada shall determine, in good faith and in its sole discretion (with the assistance of such reputable and qualified independent financial
advisors and/or other experts as the Board of Directors of AbitibiBowater Canada may require), economic equivalence for the purposes of any event referred to in section 2.7(a) or 2.7(b) above and each such determination shall be conclusive and
binding on AbitibiBowater. In making each such determination, the following factors shall, without excluding other factors determined by the Board of Directors of AbitibiBowater Canada to be relevant, be considered by the Board of Directors of
AbitibiBowater Canada: 

  

	 	(i)	in the case of any stock dividend or other distribution payable in AbitibiBowater Common Shares, the number of such shares issued in proportion to the number of AbitibiBowater
Common Shares previously outstanding; 

  

	 	(ii)	in the case of the issuance or distribution of any rights, options or warrants to subscribe for or purchase AbitibiBowater Common Shares (or securities exchangeable for or
convertible into or carrying rights to acquire AbitibiBowater Common Shares), the relationship between the exercise price of each such right, option or warrant and the current market value (as determined by the Board of Directors of AbitibiBowater
Canada in the manner above contemplated) of a AbitibiBowater Common Share; 

  

	 	(iii)	in the case of the issuance or distribution of any other form of property (including without limitation any shares or securities of AbitibiBowater of any class other than
AbitibiBowater Common Shares, any rights, options or warrants other than those referred to in section 2.7(d)(ii) above, any evidences of indebtedness of AbitibiBowater or any assets of AbitibiBowater), the relationship between the fair market
value (as determined by the Board of Directors of AbitibiBowater Canada in the manner above contemplated) of such property to be issued or distributed with respect to each outstanding AbitibiBowater Common Share and the current market value (as
determined by the Board of Directors of AbitibiBowater Canada in the manner above contemplated) of a AbitibiBowater Common Share; 

  

	 	(iv)	 in the case of any subdivision, redivision or change of the then outstanding AbitibiBowater Common Shares into a greater number of AbitibiBowater Common Shares or
the reduction, combination, consolidation or change of the then outstanding AbitibiBowater Common Shares into a lesser number of AbitibiBowater Common Shares or an AbitibiBowater Share Exchange 

  

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Transaction, the effect thereof upon the then outstanding AbitibiBowater Common Shares; and 

  

	 	(v)	in all such cases, the general taxation consequences of the relevant event to holders of Exchangeable Shares to the extent that such consequences may differ from the taxation
consequences to holders of AbitibiBowater Common Shares as a result of differences between taxation laws of Canada and the United States (except for any differing consequences arising as a result of differing marginal taxation rates and without
regard to the individual circumstances of holders of Exchangeable Shares). 

  

	 	    	For purposes of the foregoing determinations, the current market value of any security listed and traded or quoted on a securities exchange shall be the weighted average of the
daily trading prices of such security during a period of not less than 20 consecutive trading days ending not more than five trading days before the date of determination on the principal securities exchange on which such securities are listed and
traded or quoted; provided, however, that if in the opinion of the Board of Directors of AbitibiBowater Canada the public distribution or trading activity of such securities during such period does not create a market which reflects the fair market
value of such securities, then the current market value thereof shall be determined by the Board of Directors of AbitibiBowater Canada, in good faith and in its sole discretion (with the assistance of such reputable and qualified independent
financial advisors and/or other experts as the Board of Directors of AbitibiBowater Canada may require), and provided further that any such determination by the Board of Directors of AbitibiBowater Canada shall be conclusive and binding on
AbitibiBowater. 

  

	 	(e)	AbitibiBowater Canada agrees that, to the extent required, upon due notice from AbitibiBowater, it will use its best efforts to take or cause to be taken such steps as may be
necessary for the purposes of ensuring that appropriate dividends are paid or other distributions are made by AbitibiBowater Canada, or subdivisions, redivisions or changes are made to the Exchangeable Shares, in order to implement the required
economic equivalent with respect to the AbitibiBowater Common Shares and Exchangeable Shares as provided for in this section 2.7. 

  

	2.8	 Tender Offers. In the event that a tender offer, share exchange offer, issuer bid, take-over bid or similar transaction with respect to
AbitibiBowater Common Shares (an “Offer”) is proposed by AbitibiBowater or is proposed to AbitibiBowater or its shareholders and is recommended by the Board of Directors of AbitibiBowater, or is otherwise effected or to be effected
with the consent or approval of the Board of Directors of AbitibiBowater, AbitibiBowater will use its reasonable efforts expeditiously and in good faith to take all such actions and do all such things as are necessary or desirable to enable and
permit holders of Exchangeable Shares to participate in such Offer to the same extent and on an economically equivalent basis as the holders of AbitibiBowater Common Shares, without discrimination. Without limiting the generality of the foregoing,
AbitibiBowater will use its reasonable efforts expeditiously and in good faith to ensure that holders of Exchangeable Shares may participate in all such Offers without being required to retract Exchangeable Shares as against AbitibiBowater Canada

  

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(or, if so required, to ensure that any such retraction shall be effective only upon, and shall be conditional upon, the closing of the Offer and only to the
extent necessary to tender or deposit to the Offer). Nothing herein shall affect the rights of AbitibiBowater Canada to redeem or Bowater Holdings to purchase Exchangeable Shares, as applicable, in the event of an acquisition of Control of
AbitibiBowater. 

  

	2.9	Ownership of Outstanding Shares. Without the prior approval of AbitibiBowater Canada and the prior approval of the holders of the Exchangeable Shares given in
accordance with Section 10.2 of the Share Provisions, AbitibiBowater covenants and agrees in favour of AbitibiBowater Canada that, as long as any outstanding Exchangeable Shares are owned by any person or entity other than AbitibiBowater or any
of its Affiliates, AbitibiBowater will be and remain the direct or indirect beneficial owner of all issued and outstanding voting shares in the capital of AbitibiBowater Canada and Bowater Holdings. 

  

	2.10	AbitibiBowater and Affiliates Not to Vote Exchangeable Shares. Each of AbitibiBowater and Bowater Holdings covenants and agrees that it will appoint and cause to
be appointed proxyholders with respect to all Exchangeable Shares held by it and its Affiliates for the sole purpose of attending each meeting of holders of Exchangeable Shares in order to be counted as part of the quorum for each such meeting. Each
of AbitibiBowater and Bowater Holdings further covenants and agrees that it will not, and will cause its Affiliates not to, exercise any voting rights which may be exercisable by holders of Exchangeable Shares from time to time pursuant to the Share
Provisions or pursuant to the provisions of the Canada Business Corporations Act (or any successor or other corporate statute by which AbitibiBowater Canada may in the future be governed) with respect to any Exchangeable Shares held by it or by its
Affiliates in respect of any matter considered at any meeting of holders of Exchangeable Shares. 

  

	2.11	Rule 10b-18 Purchases. For certainty, nothing contained in this Amended and Restated Support Agreement, including without limitation the obligations of
AbitibiBowater contained in Section 2.8 hereof, shall limit the ability of AbitibiBowater, Bowater Holdings or AbitibiBowater Canada to make a “Rule 10b-18 Purchase” of AbitibiBowater Common Shares pursuant to
Rule 10b-18 of the U.S. Securities Exchange Act of 1934, as amended, or any successor provisions thereof. 

 ARTICLE 3 
 GENERAL 
  

	3.1	Term. This Amended and Restated Support Agreement shall come into force and be effective as of the date hereof and shall terminate and be of no further force and
effect at such time as no Exchangeable Shares (or securities or rights convertible into or exchangeable for or carrying rights to acquire Exchangeable Shares) are held by any person or entity other than AbitibiBowater and any of its Affiliates.

  

	3.2	 Changes in Capital of AbitibiBowater and AbitibiBowater Canada. At all times after the occurrence of any event contemplated pursuant to
sections 2.7 and 2.8 hereof or otherwise, as a result of which either AbitibiBowater Common Shares or the Exchangeable Shares or both are in any way changed, this Amended and Restated 

  

 9 

	 	 
Support Agreement shall forthwith be amended and modified as necessary in order that it shall apply with full force and effect, mutatis mutandis, to all new
securities into which AbitibiBowater Common Shares or the Exchangeable Shares or both are so changed and the parties hereto shall execute and deliver an agreement in writing giving effect to and evidencing such necessary amendments and
modifications. 

  

	3.3	Severability. If any provision of this Amended and Restated Support Agreement is held to be invalid, illegal or unenforceable, the validity, legality or
enforceability of the remainder of this Amended and Restated Support Agreement shall not in any way be affected or impaired thereby and this Amended and Restated Support Agreement shall be carried out as nearly as possible in accordance with its
original terms and conditions. 

  

	3.4	Amendments, Modifications. This Amended and Restated Support Agreement may not be amended or modified except by an agreement in writing executed by AbitibiBowater
Canada, Bowater Holdings and AbitibiBowater and approved by the holders of the Exchangeable Shares in accordance with Section 10.2 of the Share Provisions. 

  

	3.5	Ministerial Amendments. Notwithstanding the provisions of section 3.4, the parties to this Amended and Restated Support Agreement may in writing, at any time
and from time to time, without the approval of the holders of the Exchangeable Shares, amend or modify this Amended and Restated Support Agreement for the purposes of: 

  

	 	(a)	adding to the covenants of any or all parties provided that the board of directors of each of AbitibiBowater Canada, Bowater Holdings and AbitibiBowater shall be of the good faith
opinion that such additions will not be prejudicial to the rights or interests of the holders of the Exchangeable Shares; 

  

	 	(b)	making such amendments or modifications not inconsistent with this Amended and Restated Support Agreement as may be necessary or desirable with respect to matters or questions
which, in the good faith opinion of the board of directors of each of AbitibiBowater Canada, Bowater Holdings and AbitibiBowater, it may be expedient to make, provided that each such board of directors shall be of the good faith opinion that such
amendments or modifications will not be prejudicial to the rights or interests of the holders of the Exchangeable Shares; or 

  

	 	(c)	making such changes or corrections which, on the advice of counsel to AbitibiBowater Canada, Bowater Holdings and AbitibiBowater, are required for the purpose of curing or
correcting any ambiguity or defect or inconsistent provision or clerical omission or mistake or manifest error, provided that the boards of directors of each of AbitibiBowater Canada, Bowater Holdings and AbitibiBowater shall be of the good faith
opinion that such changes or corrections will not be prejudicial to the rights or interests of the holders of the Exchangeable Shares. 

  

	3.6	 Meeting to Consider Amendments. AbitibiBowater Canada, at the request of AbitibiBowater or Bowater Holdings, shall call a meeting or meetings of
the holders of the Exchangeable Shares for the purpose of considering any proposed amendment or modification requiring approval pursuant to section 3.4 hereof. Any such meeting or 

  

 10 

	 	 
meetings shall be called and held in accordance with the by-laws of AbitibiBowater Canada, the Share Provisions and all applicable laws.

  

	3.7	Amendments Only in Writing. No amendment to or modification or waiver of any of the provisions of this Amended and Restated Support Agreement otherwise permitted
hereunder shall be effective unless made in writing and signed by all of the parties hereto. 

  

	3.8	Enurement. This Amended and Restated Support Agreement shall be binding upon and enure to the benefit of the parties hereto and their respective successors and
assigns. 

  

	3.9	Notices to Parties. All notices and other communications between the parties to this Amended and Restated Support Agreement shall be in writing and shall be
deemed to have been given if delivered personally or by confirmed telecopy to the parties at the following addresses (or at such other address for any such party as shall be specified in like notice): 

  

	 	(a)	if to AbitibiBowater: 

 AbitibiBowater Inc.

 1155 Metcalfe Street 
 Suite 800 
 Montréal, Québec H3B 5H2 
  

	 	(b)	if to Bowater Holdings: 

 Bowater Canadian
Holdings Incorporated 
 55 East Camperdown Way 
 P.O. Box 1028 
 Greenville, South Carolina 29602 
 Attention: Secretary 
 Fax: (864) 282-9573 
  

	 	(c)	if to AbitibiBowater Canada: 

 AbitibiBowater Canada Inc. 
 1000 de la Gauchetière Street West 
 Suite 2820 
 Montréal, Québec H3B 4W5 
 Attention: Secretary 
 Fax: (514) 954-2952 
 Attention: Francis Legault 
 Fax: (514) 286-5474 
  

 11 

	 	(d)	if to Bowater: 

 Bowater Incorporated

 55 East Camperdown Way 
 P.O. Box 1028 
 Greenville, South Carolina 29602 
 Attention: Secretary 
 Fax: (864) 282-9573 
  

	 	(e)	With a copy to: 

  

			
	 Ogilvy Renault LLP
 1981 McGill College Avenue
 Suite 1100
 Montréal, Québec H3A 3C1
  
 Attention: Francis Legault
 Fax: (514) 286-5474
	  	 Davies Ward Phillips & Vineberg
 1501 McGill
College Avenue
 20th Floor
 Montréal, Québec H3A 3N9
  
 Attention: Maryse Bertrand
 Fax: (514) 841-6499

  

	    	Any notice or other communication given personally shall be deemed to have been given and received upon delivery thereof and if given by telecopy shall be deemed to have been given
and received on the date of confirmed receipt thereof unless such day is not a Business Day in which case it shall be deemed to have been given and received upon the immediately following Business Day. 

  

	3.10	Counterparts. This Amended and Restated Support Agreement may be executed in counterparts, each of which shall be deemed an original, and all of which taken
together shall constitute one and the same instrument. 

  

	3.11	Jurisdiction. This Amended and Restated Support Agreement shall be construed and enforced in accordance with the laws of the Province of Ontario and the laws of
Canada applicable therein. 

  

	3.12	Attornment. Each of AbitibiBowater and Bowater Holdings agrees that any action or proceeding arising out of or relating to this Amended and Restated Support
Agreement may be instituted in the courts of Ontario, waives any objection which it may have now or hereafter to the venue of any such action or proceeding, irrevocably submits to the jurisdiction of the said courts in any such action or proceeding,
agrees to be bound by any judgment of the said courts and not to seek, and hereby waives, any review of the merits of any such judgment by the courts of any other jurisdiction and hereby appoints AbitibiBowater Canada at its registered office in the
Province of Ontario as attorney for service of process. 

  

	3.13	 Undertaking of Bowater. Bowater hereby acknowledges the provisions of this Amended and Restated Support Agreement and undertakes to cause Bowater
Holdings and AbitibiBowater Canada to take all actions necessary in order for each of Bowater 

  

 12 

	 	 
Holdings and AbitibiBowater Canada to comply with their respective obligations hereunder. 

  
  
  
  
  
  
  
 Signatures follow on next page 
  

 13 

 IN WITNESS WHEREOF, the parties hereto have caused this Amended and Restated Support Agreement to be duly executed as of
the date first above written. 
  

			
	ABITIBIBOWATER INC.
		
	By:	 	 
	Name:	 	 
	 Title:
	 	 
	
	BOWATER CANADIAN HOLDINGS INCORPORATED
		
	By:	 	 
	Name:	 	 
	 Title:
	 	 
	
	ABITIBIBOWATER CANADA INC.
		
	By:	 	 
	Name:	 	 
	 Title:
	 	 
	
	BOWATER INCORPORATED
		
	By:	 	 
	Name:	 	 
	 Title:
	 	 

  

 14

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