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^�y UNITED STATES BANKRUPTCY COURT RECEJVED <br /> SOUTHERN DISTRICT OF NEW YORK FEB j <br /> ----------------- -------------- ---- ------- ----------- x <br /> OFFICE OFE&TR NQysVIYy <br /> In re Chapter 11 <br /> Dana Corporation, et al., Case No. 06-10354 (BRL) <br /> Debtors. (Jointly Administered) <br /> ---------------------------------------------------------------x <br /> NOTICE OF EFFECTIVE DATE OF THIRD AMENDED JOINT PLAN <br /> OF REORGANIZATION OF DEBTORS AND DEBTORS IN POSSESSION <br /> PLEASE TAKE NOTICE OF THE FOLLOWING: <br /> 1. Occurrence of Effective Date. <br /> On December 26,2007,the United States Bankruptcy Court for the Southern District of New <br /> York(the'Bankruptcy Court")entered an order(the"Confirmation Order")confirming the Third Amended <br /> Joint Plan of Reorganization of Debtors and Debtors in Possession,dated October 23,2007(as it may have <br /> been amended,supplemented or modified,the "Plan"),in the chapter 11 cases of the above-captioned debtors <br /> (collectively,the"Debtors"). The Effective Date of the Plan occurred on January 31,2008,and the Debtors <br /> emerged from chapter 11 as reorganized entities(collectively,the'Reorganized Debtors"). Unless otherwise <br /> defined in this Notice,capitalized terms and phrases used herein have the meanings given to them in the Plan <br /> and the Confirmation Order. <br /> 2. Discharge of Claims and Termination of Interests. <br /> a. Except as provided in the Plan or in the Confirmation Order,the rights <br /> afforded under the Plan and the treatment of Claims and Interests under the Plan shall be in exchange for and <br /> in complete satisfaction,discharge and release of all Claims and termination of all Interests arising on or <br /> before the Effective Date,including any interest accrued on Claims from and after the Petition Date. Except <br /> as provided in the Plan or in the Confirmation Order, as of the Effective Date(i)the Old Common Stock of <br /> Dana is cancelled and the Debtors are discharged of and from all Claims or other debts that arose on or before <br /> the Effective Date,and all debts of the kind specified in sections 502(8), 502(h)or 502(i)of the Bankruptcy <br /> Code,whether or not(A)a proof of Claim based on such debt is Filed or deemed Filed pursuant to <br /> section 501 of the Bankruptcy Code,(B)a Claim based on such debt is allowed pursuant to section 502 of the <br /> Bankruptcy Code or(C)the holder of a Claim based on such debt has accepted the Plan;and(ii)all Interests <br /> and other rights of holders of Interests in the Debtors are terminated. <br /> b. In accordance with the foregoing,except as provided in the Plan or in the <br /> Confirmation Order,as of the Effective Date,all Claims and other debts and Liabilities against the Debtors <br /> are discharged and all Interests and other rights of the holders of Interests in the Debtors are terminated, <br /> pursuant to sections 524 and 1141 of the Bankruptcy Code,and such discharge voids any judgment obtained <br /> against the Debtors at any time,to the extent that such judgment relates to a discharged Claim or terminated <br /> Interest. <br /> 3. Releases. <br /> a. General Releases by Debtors and Reoreanized Debtors. Without limiting <br /> any other applicable provisions of,or releases contained in,the Plan,as of the Effective Date,the Debtors and <br /> the Reorganized Debtors,on behalf of themselves and their affiliates,the Estates and their respective <br />