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, to, which among other things:

1. stays all proceedings against 0993006 B.C. LTD.,1014669 B.C. LTD. (collectively, the “CCAA Debtors”); 
2. appoints 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 to liquidate the assets of the CCAA Debtors (the “CCAA Property”); 
3. appoints A&M as Receiver and Manager (“Receiver”) without security, over the interests of 670805 B.C. Ltd. and 0859116 B.C. Ltd. (the “Receivership Debtors”, 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. stays all proceedings against the Receivership Debtors and the Receivership Property;
5. authorizes the CCAA Debtors and the Proposed Receiver to borrow funds under an interim lending facility; and
6. creates an Administration Charge and Interim Lender’s Charge over the Property (as defined in the Initial Order).