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,. the day co day operations end liquidatlos oL the Reorganized <br />Debtors' aeee[e. <br />C. Paragraph Sl of cha Plaa and paragraph 9 0[ the <br />Gwsraance agreement provide that the Court e1u11 sacaia <br />juriedlccioa co eater orders Sn aid of the governance of chs <br />Reo.y:aS::d D;....._.a _.^_ to .N,n iSy o: a•A•^ae the Corm oL <br />gwaraanee oC each o1 the Reorgaaisad Dabcore. <br />D. The Reorganised Debtors believe it ie Sn cha beet <br />interest o1 the Reorgani:ed Debtors and their credStora chat the <br />Gwacntaca agroamenc G modlCied as provided Aereiaalter. <br />P R D V 19 I D N Sr <br />1. DeLiaicioee, Unleee specifically dallned ttareid,. all <br />capitalized terms taus the soars meaning as defined lm the Plaa. <br />3. RR eooe~n~w~ble ,Q~e er, 8aeh o1 the 14orgaaizad Debtors <br />shall be mamged by the •Raaponsible Director- rho scull be 8coct <br />C. tiog oC 6rwe i Young. The AeapoaeSDle DSraeeor shall sere <br />until removed pursuant to Court order or uat11 his earlier death <br />or raelgaacioa. The Reepoae able Director shall be compensated <br />for hie cervices ac his standard hourly race. <br />1. Duti a A ReeD ibilitie of R o ~ ibl Dir or, <br />Tba business and~aCLaire oL each of Che Reorganised Debtors sad <br />Chair eecacaa shall ba governed under the dlreetioa o[ the <br />IIaeposaible Director, sad cha Respoae able Director shall ba in <br />lieu o! any form or raquiremeaca o[ corporate governance dictated <br />by applicable state lar. None oL the Reorganised Debcora shall <br />have a Board of Directors or alureholdars, not shall nay oL Cbe <br />Reorganized Dabcore have oC[lcere except as sec Lorch herein or <br />ae the Reepane Sble Director shall deceraino. <br />The duty of the Reeponaible Director, Ln hie capacity ae cha <br />governing body oL the Reorganised Debtors, shall be to carry out <br />chs caxme a! the Plan. YSChout limiting the general icy o[ the <br />duciea oC the Raepoae Sble Director, Che Reaponeibla Director <br />shall be reeponeibla [or (1) [he preparation a~ [il ing oL all <br />apDlieabla tax returns Cor the Debcore and the Reorganized <br />Debtorer !11) reaolving my Cadaral, stare or local tax Seeuee; <br />(111) making all necessary declelons coacsrning the reaolucion of <br />claims against any o[ cha Dabcore or the Reorganised Dabcore, <br />clalau made by any of Cha Dabcore or the Raorgani zed Debtors, and <br />any ocher litlgacion aCLacting any o1 the Dabcore or the <br />Aeorganlzad Dabcore; (iv) liquidating chs properties o1 the <br />estates oC cha Dabcore or the Reorganized Debtors nor Gold to Nev <br />CPiI or ocher parries prior to the BCLaecive Date; (v) <br />consuaexcing the sale co Ner CPLIr (vi) caking all necessary <br />aeciow co cause a eea.Mszd tszmiaaciop oL cha Non-contributory <br />Pension Plan, including the purchase o1 anaultiee in connection <br />charerLth; 1v111 admSnietsring the [ands o[ the Reozganized <br />Dabcore and making decisions rich respect to diaeraclonary uee of <br />the funds of cha Reorganized Dabcore; (viii) making disc ributione <br />to creditors pursuant to Cha Plsn; 11x) assuring chat, in <br />accordance rich the Plan, •proport Lorrately equivalent value- rich <br />ieapect co cash aM cha 10 year deterre6 stock payment oC Oregon <br />Steel Mille e[ock ie dlntrlbutad co holders o1 claims 1n Claeeea <br />.Z_ <br />-3- <br />