Class 7 -- Existing Aéropostale Interests
Class 7 is Impaired by the Plan. Each holder of an Allowed Existing Aéropostale Interest
is conclusively deemed to have rejected the Plan pursuant to section 1126(g) of the Bankruptcy Code.
Therefore, holders of Existing Aéropostale Interests are not entitled to vote to accept or reject the Plan.
On the Effective Date, all Existing Aéropostale Interests shall be deemed canceled and
the Aéropostale Plan Stock shall be issued to the Plan Administrator which will hold such share for the
benefit of the holders of such former Existing Aéropostale Interests consistent with their former relative
priority and economic entitlements; provided, however, that the Plan Administrator may not exercise any
voting rights appurtenant thereto in conflict with Section 6 of the Plan. On or promptly after the Effective
Date, the Plan Administrator shall file with the Securities and Exchange Commission a Form 15 for the
purpose of terminating the registration of any of Aéropostale’s publicly traded securities. The holders of
Existing Aéropostale Interests shall not receive or retain any property under the Plan on account of such
Interests; provided that, to the extent that (i) all Allowed General Unsecured Claims and (ii) to the extent
that the Sycamore Order provides that the Term Loan Secured Claim shall be Allowed and are not subject
to subordination or recharacterization, the Term Loan Deficiency Claim, have been satisfied in full, each
holder of an Existing Aéropostale Interest shall receive its Pro Rata share of any remaining Available
Cash. Unless otherwise determined by the Plan Administrator, on the date that the Aéropostale Case is
closed in accordance with Section 5.10 of the Plan, the Aéropostale Plan Stock issued pursuant to the Plan
shall be deemed cancelled and of no further force and effect provided that such cancellation does not
FROM DOCKET #526 7/29/16
