Club Sommet Suites

Instruction Letter for the Claims Process – dated September 29, 2014 — Claims procedure order

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List of Creditors – dated September 29, 2014 — List of creditors

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Order granting the Motion seeking the extension of the Initial Order until November 28, 2014 and approving Claims Process – dated September 26, 2014 — Order (other)

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Motion seeking (i) the Extension of the Initial Order and (ii) Orders establishing an Procedure for the Identification, Filing, Resolution and Barring of Claims against the Debtors and setting the Procedures with Respect to the Calling and Conduct of a Meeting of the Creditors – dated September 25, 2014 — Application / notice of application

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Report of the Monitor on the State of Petitioners’ Financial Affairs and the Plan of Arrangement – dated September 25, 2014 — Plan of arrangement / compromise

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Order granting the Motion seeking the extension of the Initial Order, until September 26, 2014 – dated August 19, 2014 — Order (other)

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The officer filed a report. The Debtors continue to operate the apartment building (Club Sommet) in the normal course, collecting rents and maintaining tenant services, with property administration transitioning from Asta to Timbercreek pending closing of the transfer transaction.

Source: Monitor’s Report on the State of Petitioner’s Financial Affairs and seeking extension of the Initial Order until September 26, 2014 – dated August 18, 2014

Motion seeking the extension of the Initial Order – dated August 18, 2014 — Application / notice of application

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The court granted an approval and vesting order for the sale to Timbercreek Senior Mortgage Investment Corporation. Closing terms, as extracted: Vesting occurs upon issuance of a Monitor's Certificate confirming the Agreement executed, Consideration paid, and conditions satisfied or waived.

Source: Approval and vesting Order and seeking the Extension of the Initial Order, until August 19, 2014 – dated July 18, 2014

The officer filed a report. The Debtors have continued to operate the Property (a 291-unit Montreal apartment building) in the normal course, collecting rents and pursuing lease-up, but the property management agreement with Asta was terminated effective July 18, 2014 as the Property is being transferred and surrendered to Timbercreek.

Source: Monitor’s Report on the State of Petitioners’ Financial Affairs, and in support of the Motion seeking lease to transfer and surrender substantially all of the Debtors’ Assets outside the Normal Course of Business and seeking extension of the Initial Order – dated July 17, 2014

Motion seeking Leave to transfer and surrender substantially all of the Debtors’ Assets outside the Normal Course of Business and seeking the Extension of the Initial Order – dated July 17, 2014 — Application / notice of application

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Order granting the Motion seeking the extension of the Initial Order, until July 18, 2014 – dated July 3, 2014 — Order (other)

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Motion seeking the extension of the Initial Order – dated July 2, 2014 — Application / notice of application

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Order granting the Motion seeking the extension of the Initial Order, until July 3, 2014 – dated May 29, 2014 — Order (other)

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The officer filed report no. Second Report of the Monitor. The Petitioners continue to operate the Club Sommet apartment property in the normal course, pursuing a lease-up program to improve occupancy (around 60%) while working toward completion of a sale transaction by August 1, 2014.

Source: Second Report of the Monitor on the State of the Petitioner’s Financial Affairs – dated May 28, 2014

Motion seeking the extension of the Initial Order – dated May 28, 2014 — Application / notice of application

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Order granting the Motion seeking the extension of the Initial Order, until May 29, 2014 – dated April 15, 2014 — Order (other)

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The officer filed report no. First Report of the Monitor. The Petitioners continue to operate the apartment building in the normal course, collecting rents and pursuing a Lease-Up Program to increase occupancy (currently 60%), while working with CBRE on a solicitation process to sell or refinance the Property.

Source: First report of the Monitor on the state of the Petitioner’s financial affairs – dated April 11, 2014

Motion seeking the extension of the Initial Order – dated April 11, 2014 — Application / notice of application

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Debtor Company Information Summary – dated March 27, 2014 — Information circular

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Notice to creditors of Initial Order – dated March 27, 2014 — Notice to creditors

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Information Pertaining to Initial Order – dated March 24, 2014 — Initial order

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The Superior Court of Québec granted the initial order under the Companies' Creditors Arrangement Act on 21 March 2014, commencing the proceeding.

Source: Initial Order – dated March 21, 2014

Petition seeking the issuance of an initial order pursuant to the Companies’ Creditors Arrangement Act – dated March 12, 2014 — Application / notice of application

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Report of Richter Advisory Group Inc. in its Capacity as Proposed Monitor, submitted in conjunction with the CCAA Petition filed on March 12, 2014 under the provisions of the Companies’ Creditors Arrangement Act – dated March 18, 2014 — Pre-filing report

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Notice to Creditors of Intention to Make a Proposal – dated March 10, 2014 — Notice to creditors

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A notice of intention under subsection 50.4(1) of the Bankruptcy and Insolvency Act was filed on 3 March 2014.

Source: Certificate of filing of a Notice of intention to make a proposal – dated March 3, 2014