Ontario · CCAA

This Sixteenth Report (the “Sixteenth Report”) has been prepared by the Monitor to provide information to the Court on: (a) the Applicants’ operations since the issuance of the Fourteenth Report of the Monitor, dated September 25, 2020 (the “Fourteenth Report”); (b) the status of the Corebuild Transaction (as defined below); (c) the current status of the P3 Projects (as defined below); (d) the Finch West Litigation (as defined below); (e) other litigation proceedings and settlements; (f) the current status of HST refunds owing from the Canada Revenue Agency (“CRA”) and the CRA audits; (g) the current status of the Potential LC Funds (as defined below); (h) the status of the Monitor’s transfer at undervalue proceedings; (i) the Applicants’ receipts and disbursements for the period from September 19, 2020 through January 1, 2021 compared to the cash flow forecast appended to the Fourteenth Report; and (j) the Applicants’ updated cash flow forecast for the period from January 2, 2021 to January 28, 2022. This Sixteenth Report has also been prepared to provide information to the Court on the Monitor’s motion for an order extending the Stay Period to January 28, 2022 and approving a proposed protocol to expand the powers of the Monitor when necessary and appropriate

Court officer report · 13 January 2021