On May 25, 2026, the Supreme Court of British Columbia granted an order (the “Initial Order”) to commence proceedings under the provisions of the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”), section 39 of the Law and Equity Act, R.S.B.C. 1996, c. 253 and the Bankruptcy and Insolvency Act, R.S.C., 1985, c. B-3, which, among other things:

1. stayed all proceedings against 0993006 B.C. LTD.,1014669 B.C. LTD. (together, the “CCAA Debtors”); 
2. appointed Alvarez & Marsal Canada Inc. (“A&M” or the “Monitor”) as Monitor with enhanced powers to, among other things, manage the operations of the CCAA Debtors and conduct a sale process for the assets of the CCAA Debtors (the “CCAA Property”); 
3. appointed A&M as Receiver and Manager (“Receiver”) without security, over the interests of 670805 B.C. Ltd. and 0859116 B.C. Ltd. (together, the “Receivership Debtors”, and together with the CCAA Debtors, the “Respondents”), in and to: (i) the real property described as PID: 030-538-050 Lot 1, Section 25, Township 2, New Westminster District Plan EPP72006 except part in Strata Plan EPS6268 (Phase 1) (the “Real Property”); and (ii) all present and after-acquired personal property located on or exclusively related to any of the Real Property (collectively, the “Receivership Property” and together with the CCAA Property, the “Property”); 
4. stayed all proceedings against the Receivership Debtors and the Receivership Property; and
5. authorized the CCAA Debtors and the Receiver to borrow funds under an interim lending facility.