Manitoba · Receivership (court-appointed)

1. Approval of the First Report of the Receiver dated March 10, 2015 (the "First Report") and the activities of the Receiver described therein, including the Receiver's Interim Statement of Receipts and Disbursements appended to the First Report (all capitalized terms not otherwise defined herein shall have the meanings set out in the First Report), 2. Approval of the fees and disbursements of the Receiver and its counsel as set out in the First Report, 3. Sealing of the Confidential Report of the Receiver dated March 11, 2015 (the "Receiver's Confidential Report"), 4. Approval of the sale by the Receiver of 83 Higgins as provided for in the First Report and the vesting of title to such property in Clearwater Investments Inc. subject only to the encumbrances specified in the draft Approval and Vesting Order Re: Lots 7 and 8, Plan 41 WLTO (W Div) filed herewith, 5. Approval of the interim distribution by the Receiver to the Royal Bank of Canada ("RBC") of the net proceeds from the sale of 83 Higgins, after the closing of such sale, as described in the First Report, 6. Approval of the sale by the Receiver of the Lockport Yard as provided for in the First Report and the vesting of title to such property in Terry Fraser subject only to the encumbrances specified in the draft Approval and Vesting Order Re: Lots 14 and 15, Block 4, Plan 43593 WLTO filed herewith, 7. Approval of the distribution by the Receiver of $35,000 to Roynat Inc. following closing of the Lockport Offer, as described in the First Report, 8. Approval of a Trust Claims Process for determining the claims of any person against M&L General Contracting Ltd. and M&L Holdings Ltd. as the beneficiary of any trust fund constituted or otherwise provided for pursuant to The Builder's Lien Act, C.C.S.M. B91, as described in the First Report and more particularly described in the Draft Order filed herewith

Court officer report · 17 March 2015