J2ASM Inc.

Receivership

^{Page last updated: February 10, 2025}

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

Status of file as of January 23, 2025

On January 23, 2025, the Court issued the Sale Process Order which, among other things:

1. Authorized the Receiver to enter into an agreement (the “Broker Agreement”) dated January 17, 2025, with Avison Young Commercial Real Estate Services, LP (the “Broker");
2. Authorized the Receiver to conduct a sale process for the sale of the Commercial Property (the “Sale Process”), as described in more detail in the First Report;
3. Sealed Confidential Appendix “1” to the First Report; and
4. Approved the First Report and the activities and conduct of the Receiver described therein.

Status of file as of January 17, 2025

On January 17, 2025, the Receiver filed its First Report (the “First Report”) with the Court to provide the Court with the following information:

1. The Receiver’s activities from the Receivership Date to the date of the First Report; and
2. The Receiver’s motion to request the approval of an order (the “Sale Process Order").

Status of file as of December 02, 2024

On December 2, 2024 (the "Receivership Date"), pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver and manager (the “Receiver”), without security, of all of the assets, undertakings and properties (collectively, the “Property”) of J2ASM Inc. (the “Company”), including, without limitation, the real property municipally known as 5205 Satellite Drive, Mississauga, Ontario (the “Commercial Property”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (“BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the “Receivership Proceeding”).

The Receivership Order was granted pursuant to an application made by the Business Development Bank of Canada (the “Bank” of the “Applicant”).

A Notice and Statement of the Receiver (the “Notice”) will be sent to all known creditors of the Company in accordance with the provisions of the BIA. A copy of the Notice will be posted on the “Notices and List of Creditors” page of this website.