RE:RE:VotingIn the case of Eagle Energy, FTI CONSULTING CANADA INC. unpaid fees 800 000$ to 1 000 000 $ was paid by Whithe Oak Global in exchange of the agreement giving the tax pool assets of around 200M$ of Eagle Energy.
Following the marketing process ran by the Receiver a sale agreement has been reached to complete a sale Eagle Energy Inc. by way of a corporate arrangement to White Oak Global Advisors, LLC designee EEI Holdco, LLC (the “Arrangement Agreement”).
"Issued Shares" means the 10,000 Class A common shares in the capital of Eagle Energy to be issued to the Purchaser pursuant to the Plan of Reorganization and the Arrangement Agreement and in full and final satisfaction of the Canadian Credit Bid Claim.
REORGANIZATION 5.1 Steps for the Plan of Reorganization
The Approval Order, in addition to approving this Proposal, shall effect the Plan of Reorganization pursuant to section 192 of the ABCA, providing for the following transactions:
1. the articles of Eagle Energy will be amended such that two classes of shares shall be authorized: Class A common shares and Class B redeemable shares;
2. the issued and outstanding common shares of Eagle Energy will be re-designated as Class B redeemable shares;
3. Eagle Energy will issue the Issued Shares to the Purchaser in consideration for the settlement of the Canadian Credit Bid Claim;
4. Eagle Energy will redeem and cancel the outstanding Class B redeemable shares for their fair market value (being nil) in accordance with the terms thereof; and 5. any outstanding rights to acquire Eagle Energy's shares, shall be cancelled without compensation.