Co., Target Canada Pharmacy (Bc)

Court File No. CV-15-10832-00CL

Ontario SUPERIOR COURT OF JUSTICE COMMERCIAL LIST

IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT lcf, R.S.C. 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF TARGET CANADA CO., TARGET CANADA HEALTH CO., TARGET CANADA MOBILE GP CO., TARGET CANADA PHARMACY (BC) CORP., TARGET CANADA PHARMACY (ONTARIO) CORP., TARGET CANADA PHARMACY CORP., TARGET CANADA PHARMACY (SK) CORP., and TARGET CANADA PROPERTY LLC

APPLICANTS

MOTION RECORD OF THE APPLICANTS

(Ptan Sanction Hearing)

I|l4ay 26,2016 OSLER, HOSKIN & HARCOURT LLP Box 50, I First Canadian Place Toronto, Canada M5X 188

Tracy Sandler (LSUC #: 32443N) Jeremy Dacks (LSUC #: 4l85lR) Shawn Irving (LSUC #: 50035U) Robert Carson (LSUC #:57364H)

Tel: (416) 362-2lIr Fax: (416) 862-6666

Lawyers for the Applicants ., -L-

TO: SERVICE LIST CCAA Proceedings of Target Canada Co.et al, Court File No. CV-l5-10832-00CL

Combined Service List (as at April 12,2016)

PARTY CONTACT osLER, HOSKIN & HARCOURT LLP Tracy Sandler Barristers & Solicitors Tel: 416.862.5890 Box 50, I First Canadian Place Email: [email protected] Toronto, ON M5X IB8 Jeremy Dacks Tel: 416.862.4923 Canadian Counsel to the Applicants Email: idacks(Ðosler.com

Shawn T.Irving Tel: 416.862.4733 Email: [email protected]

Robert Carson Tel: 416.862.4235 Fax: 416.862.6666 Email: rcarson(Ðosler.com

Andrea Lockhart Tel: 416.862.6829 Fax: 416.862.6666 Email: [email protected]

DAVIES WARD PHILLIPS & VINEBERG LLP Jay A. Swartz Barristers & Solicitors Tel: 416.863.5520 155 Wellington Street West Email: [email protected] Toronto, ON M5V 3J7 Robin Schwill Tel: 416.863.5502 Canadian Counsel to Target Corporation Email: [email protected]

Dina Milivojevic Tel: 416.367.7460 Fax: 416.863.0871 Email: dmilivoievic(ôdwpv.com

FAEGRE BAKER DANIELS LLP Dennis Ryan Barristers & Solicitors Tel: 612.766.6810 2200 Wells Fargo Center Fax: 612.766.1600 90 S. Seventh Street Email: [email protected] Minneapolis, MN u.s.A.55402

U.S. Counsel to Target Corporation a

GOODMANS LLP Jay Carfagnini Barristers & Solicitors Tel: 416.597.4107 Bay Adelaide Centre Fax: 416.979.1234 333 Bay Street, Suite 3400 Email: [email protected] Toronto, ON M5H 2S7 Alan Mark Tel: 416.597.4264 Counsel to Alvarez & Marsal Canada Inc. in its capacity as Fax: 416.979.1234 Monitor Email: [email protected]

Gale Rubenstein Tel: 416.597.4148 Fax: 416.979.1234 Email: [email protected]

Melaney Wagner Tel: 416.597.4258 Fax: 416.979.1234 Email: [email protected]

Jesse Mighton Tel: 416.597.5148 Fax: 416.979.1234 Email: [email protected]

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ALVAREZ & MARSAL CANADA INC. Doug Mclntosh Royal Bank Plaza, South Tower Tel: 416.847.5150 200 Bay Street, Suite 2900 Fax: 416.572.2201 P.O. Box 22 Email: [email protected] Toronto, ON M5J 2JI Al Hutchens Tel: 416.841.5159 Monitor Fax: 416.847.5201 Email: [email protected]

Greg A. Karpel Tel: 416.847. 5170 Fax: 416.847.5201 Email : gkarpel@alvarezandmarsal. com

Steven Glustein Tel: 416.847.5173 Fax: 416.847.5201 Email: [email protected]

Bill Kosturos Tel: 1.415.490.2309 Fax: 1.415.837.1684 Email: [email protected]

Matthew Henry Tel: 1.310.975.2684 Fax: 1.310.975.2601 Email: [email protected]

KOSKIE MINSKY LLP Susan Philpott Barristers & Solicitors Tel: 416.595.2104 20 Queen Street Vy'est Fax: 416.977.3316 Suite 900, P.O. Box 52 Email: [email protected] Toronto ON M5H 3R3 Simon Archer Tel: 416.595.2267 Employee Representative Counsel Fax: 416.977.3316 Email: [email protected]

Clio Godkewitsch Tel: 416.595.2120 Fax: 416.977.3316 Email: [email protected]

James Harnum Tel: 416.542.6285 Fax: 416.977.3316 Email: [email protected]

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CHAITONS LLP Harvey Chaiton Barristers & Solicitors Tel: 416.218.1129 5000 Yonge Street Fax: 416.222.8402 lOth Floor Email: [email protected] Toronto ON M2N 789

Counsel to the Directors and Officers of the Applicants

LAX O'SULLIVAN SCOTT LISUS LLP Terrence O'Sullivan Barristers & Solicitors Tel: 416.598.3556 Suite 2750, 145 King Street West Fax: 416.598.3730 Toronto, ON Email: [email protected] M5H 1J8 Lauren Epstein Counsel to Hon. John D. Ground in his capacity as Trustee lepstein@counsel-toronto. com of the Employee Trust

DAOUST VUKOVICH LLP rilolfgang Kaufmann Barristers & Solicitors Tel: 416.597.3952 20 Queen Street Vy'est Fax: 416.597.8891 Suite 3000 Email: [email protected] Toronto, ON M5H 3R3 Gasper Galati Tel: 416.598.7050 Counsel to Fishman Holdings North America Inc. Fax: 416.597.8897 Email: ggalatí@dv-law.com

Kenneth Pimentel Tel: 416.597.9306 Fax: 416.597.8897 Email: [email protected]

DAOUST VUKOVICH LLP Wolfgang Kaufmann Barristers & Solicitors Tel: 416.597.3952 20 Queen Street West Fax: 416.597.8891 Suite 3000 Email: [email protected] Toronto, ON M5H 3R3 Gasper Galati Tel: 416.598.7050 Counsel to Montez Corporation Fax: 416.591.8897 Email: ggalati@dv -law.com

Kenneth Pimentel Tel: 416.597.9306 Fax: 416.597.8897 Email: [email protected]

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DAOUST VUKOVICH LLP Wolfgang Kaufmann Barristers & Solicitors Tel: 416.597.3952 20 Queen Street Vy'est Fax: 416.597.8897 Suite 3000 Email: [email protected] Toronto, ON M5H 3R3 Gasper Galati Tel: 416.598.7050 Counsel to V/estcliffe Management Ltd. Fax: 416.597.8897 Email: ggalati@dv -law.com

Kenneth Pimentel Tel: 416.597.9306 Fax: 416.597.8897 Email: [email protected]

DAOUST VUKOVICH LLP Wolfgang Kaufmann Barristers & Solicitors Tel: 416.597.3952 20 Queen Street Vy'est Fax: 416.591.8897 Suite 3000 Email: [email protected] Toronto, ON M5H 3R3 Gasper Galati Tel: 416.598.7050 Counsel to Valiant Rental Inc Fax: 416.597.8897 Email: ggalati@dv -law.com

DAOUST VUKOVICH LLP Wolfgang Kaufmann Barristers & Solicitors Tel: 416.591.3952 20 Queen Street Vy'est Fax: 416.597.8897 Suite 3000 Email: [email protected] Toronto, ON M5H 3R3 Gasper Galati Tel: 416.598.7050 Counsel to Bridlewood Mall Management Inc. Fax: 416.597.8891 Email: [email protected]

PLAZA RETAIL REIT Kevin Salsberg 145 King Street West Tel: 416.361.1520 Suite 1710 Fax: 416.815.17 60 Toronto, ON Email: [email protected] M5H IJ8 Jamie Petrie Tel: 416.361.5892 Fax: 416.815.7760 Email: [email protected]

Michael Zakuta Tel: 416.361.5892 Fax: 416.815.7760 Email : michael.zakuta@,plaza. ca

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BENNETT JONES LLP S. Richard Orzy Barristers & Solicitors Tel: 416.777.5737 One First Canadian Place Fax: 416.863.1716 Suite 3400 Email: [email protected] Toronto, ON M5X 144 Sean H. Zweig Tel: 416.777.6254 Counsel to RioCan Management Inc. Fax: 416.863.1716 Email: [email protected]

Richard Swan Tel: 416.171.7479 Fax: 416.863.1716 Email: [email protected]

LAX O'SULLIVAN LISUS GOTTLIEB LLP Matthew P. Gottlieb Barristers & Solicitors Tel: 416.644.5353 145 King Street West Fax: 416.598 3730 Suite 2750 Email: [email protected] Toronto, ON M5H IJ8 Andrew Winton Tel: 416.644.5342 Counsel to Kingsett Capital Inc Fax: 416.598 3730 Email: [email protected]

Laura M. Wagner Tel: 416.645.5076 Fax: 416.598 3730 Email: [email protected]

LAWSON LUNDELL LLP Heather M.B. Ferris Barristers & Solicitors Tel: 1.604.631.9145 Suite 1600 Cathedral Place Fax: 1.604.694.2957 925 V/est Georgia Street Email: [email protected] Vancouver, BC v6c 3L2 Kimberley A. Robertson Tel: 1.604.631.9142 Counsel to APL Co. Pte Ltd. Fax: 1.604.669.1620 Email: [email protected]

LAWSON LUNDELL LLP Heather M.B. Ferris Barristers & Solicitors Tel: 1.604.631.9145 Suite 1600 Cathedral Place Fax: 1.604.694.2957 925 West Georgia Street Email: [email protected] Vancouver, BC v6c 3L2

Counsel to Shape Properties Ltd.

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DENTONS CANADA LLP Kenneth Kraft Barristers & Solicitors Tel: 416.863.4374 77 King Street Vy'est, Suite 400 Fax: 416.863.4592 Toronto-Dominion Centre Email: [email protected] Toronto, ON M5K OAI John Salmas Tel: 416.863.4737 Counsel to Carlton Cards Limited and Papyrus-Recycled Fax: 416.863.4592 Greetings Canada Ltd. Email: [email protected]

DENTONS CANADA LLP Robert Kennedy Barristers & Solicitors Tel: 1.403.268.7161 850 - 2nd Street SW Fax: 1.403.268.3100 l5th Floor, Bankers Court Email: [email protected] Calgary, AB T2P OR8

Counsel to Carlton Cards Limited and Papyrus-Recycled Greetings Canada Ltd.

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DENTONS CANADA LLP David Elliott Barristers & Solicitors Tel: 1.613.783.9638 99 Bank Street, Suite 1420 Email: [email protected] Ottawa, ON KIP IH4 Fraser Mackinnon Blair Tel: 1.613.783.9647 Counsel to Mead Johnson Nutrition Canada Co. Email: [email protected]

Philip Rimer Tel: 1.613j83.9634 Email: [email protected] DENTONS CANADA LLP Ari Y. Sorek Barristers & Solicitors Tel: 1.514.878.8883 I Place Ville Marie Email: ari.sorek(ôdentons.com 39th Floor Montréal, QC H3B 4M7

Counsel to Milliken Sales, Inc.

OWEN BIRD LAW CORPORATION Jonathan L. \üilliams Barristers & Solicitors Tel: 1.604.688.0401 Bentall 3, Suite 2900,595 Burrard Street Fax: 1.604.688.2827 PO Box 49130 Email: [email protected] Vancouver, BC V7X IJ5

Counsel to Glentel Inc,

BORDEN LADNER GERVAIS LLP Kendall E. Andersen Barristers & Solicitors Tel: 1.604.640.4078 1200 Waterfront Centre, 200 Burrard Street Fax: L604.622.5936 P.O. Box 48600 Email: [email protected] Vancouver, BC v7x tr2

Counsel to Damco Canada Inc.

DAMCO CANADA INC. Dennis O'Brien Email: [email protected]

Jan K. Andersen Email: jan.k,[email protected]

DAMCO DISTRIBUTION CANADA INC. Dennis O'Brien Email: [email protected]

Colin Green Email: colin.green@damco,com

Kellie Kopeck Email: [email protected]

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LONDON DRUGS LIMITED Christine Maclean 12831 Horseshoe Way General Counsel Richmond, BC Tel: 1.604.212.7674 V7A 4X5 Email : cmaclean@londondrugs. com

THORNTON GROUT FINNIGAN LLP D.J. Miller Barristers & Solicitors Tel: 416.304.0559 100 Wellington Street West Fax: 4l 6.304. l3 l3 Suite 3200 Email: [email protected] Toronto, ON M5K IK7

Counsel to Oxford Properties Group Inc.

BRENNAN, RECUPERO, CASCIONE, SCUNGIO & Thomas S. Hemmendinger MCALLISTER, LLP Tel: 1.401.453.2300 Ext. 106 Barristers & Solicitors Fax: 1.401.453.2345 362Broadway Email: [email protected] Providence, Rl u.s.A.02909

Counsel to Expeditors International of Washington, Inc and its subsidiaries and affiliates, including Expeditors Canada, Inc.

DENTONS CANADA LLP Renée Brosseau Barristers & Solicitors Tel: 416.863.4650 77 King Street Vy'est, Suite 400 Fax: 416.863.4592 Toronto-Dominion Centre Email: [email protected] Toronto, ON M5K OAl

Counsel to Canada Mortgage and Housing Corporation

TORYS LLP David Bish Barristers & Solicitors Tel: 416.865.7353 79 Wellington St. West, 3Oth Floor Fax: 416.865.7380 Box270, TD Tower South Email: [email protected] Toronto, ON M5K IN2 Adam Slavens Tel: 416.865.7333 Counsel to The Cadillac Fairview Corporation Limited and Fax: 416.865.7380 its affiliates Email: [email protected]

Lily Coodin Tel: 416.865.7541 Fax: 416.865.7380 Email: lcoodin@tor)¡s.com

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TORYS LLP Scott A. Bomhof Barristers & Solicitors Tel: 416.865.7370 79 Wellington St. West, 30'h Floor Fax: 416.865.7380 Box270, TD Tower South Email: [email protected] Toronto, ON M5K IN2 Jeremy Opolsky Tel: 416.865.81l7 Counsel to First Capital Realty Inc Fax: 416.865.7380 Email: [email protected]

THE CIT GROUP/COMMERCIAL SERVICES, INC. Robert W. Franklin 201 South Tryon Street Director and Assistant Chief Counsel, Law P.O. Box 30317, 28231-1307 Department Charlotte, North Carolina Tel: 1.704.339.2975 u.s.A.28202 Fax: 1.704.339.2894 Email: robert. franklin(Ðcit.com

MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: [email protected] P.O. Box l0l I Toronto, ON Margaret R. Sims M5H 3SI Tel: 416.595.8577 Fax: 416.595.8695 Counsel to Hamilton Beach Brands Canada, Inc Email: [email protected]

MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: [email protected] P.O. Box 1011 Toronto, ON Margaret R. Sims M5H 3S1 Tel: 416.595.8577 Fax: 416,595.8695 Counsel to Spectrum Brands Canada, Inc. and Spectrum Email: [email protected] Brands, Inc.

MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: [email protected] P.O. Box l0l I Toronto, ON Margaret R. Sims M5H 3S1 Tel: 416.595.8577 Fax: 416.595.8695 Counsel to GL Creations Email: [email protected]

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MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: [email protected] P.O. Box 101I Toronto, ON Margaret R. Sims M5H 3SI Tel: 416.595.8577 Fax: 416.595.8695 Counsel to Travelway Group Int'l lnc. Email: msims(Dmillerthomson.com

MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: ìcarhart(Ðmillerthomson.com P.O. Box l0l I Toronto, ON M5H 3SI

Counsel to Skechers USA Canada, Inc.

MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street Vy'est, Suite 5800 Email: [email protected] P.O. Box l0l I Toronto, ON M5H 3SI

Counsel to Ginsey Industries, lnc

MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: ì[email protected] P.O. Box l0l I Toronto, ON M5H 3S1

Counsel to Indo Count Industries Ltd.

Counsel to Asurion Canada, Inc

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MILLER THOMSON LLP Jeffrey C. Carhart Barristers & Solicitors Tel: 416.595.8615 Scotia Plaza Fax: 416.595.8695 40 King Street West, Suite 5800 Email: icarhart(âmillerthomson.com P.O. Box l0l l Toronto, ON M5H 3SI

Counsel to Thomas, Large & Singer Inc.

UNITED CLEANING SERVICES LIMITED Randhir S. Garcha 46 Hedgedale Road Tel: 905.595.4830Bxt.212 Brampton, ON Fax: 905.595.4831 L6T 5L2 Email: randJ¡. garchalÐucsl.com

FOGLER, RUBINOFF LLP Vern W. DaRe Barristers & Solicitors Tel: 416.941.8842 Suite 3000, P.O. Box 95 Fax: 416.941.8852 Toronto-Dominion Centre Email: [email protected] 77 King Street West Toronto, ON M5K IG8

Counsel to Doral Holdings l,imited and 430635 Ontario Inc.

LAVERY, DE BILLY, LLP Jonathan rrVarin Barristers & Solicitors Tel: 1.514.878.5616 l, Place Ville Marie, Suite 4000 Fax: 1.514.871.8917 Montréal, QC Email: [email protected] H3B 4M4

Counsel to Dorel Industries Inc.

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COMINAR REIT Manon Deslauriers Complexe Jules-Dallaire - T3 Tel: 1.418.681.6300 ext 2321 2820 Lawier Blvd, Suite 850 Fax: 1.418.681.2946 Québec City, QC Email: manon.deslauriers(Ðcominar.com GIV OCI Michel Paquet Email: [email protected]

Sylvain Cossette Email: [email protected]

Jean Leclerc Email; [email protected]

Gilles Hamel Email: gilles.hamel(dcominar.com

Guillaume Rouleau Email: [email protected]

CANADIAN PACIFIC RAILWAY Ken Legrand 1 100 Avenue des Canadiens-de-Montréal Tel: 1.514.395.6436 Suite G3 Email: Ken [email protected] Montréal, QC H3B 2S2

CANADIAN PACIFIC RAILWAY Cassandra Quach Building #1,7550 Ogdendale Road South Tel: I .403.3 I 9.70 l6 Calgary, AB Email: Cassandra [email protected] T2C 4X9

WEIRFOULDS LLP Glenn Ackerley Barristers & Solicitors Tel: 416.947.5008 66 Wellington Street West Fax: 416.365.1876 Suite 4100, P.O. Box 35 Email: gackerle)¡@weirfoulds.com Toronto-Dominion Centre Toronto, ON Scott McGrath M5K IB7 Tel: 416.947.5038 Fax: 416.365.1876 Counsel to PCL Constructors Canada Inc Email: [email protected]

Graham Brown Tel: 416.947.5073 Fax: 416.365.1876 Email: [email protected]

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WEIRFOULDS LLP Glenn Ackerley Barristers & Solicitors Tel: 416.947.5008 66 Wellington Street West Fax: 416.365.1876 Suite 4100, P.O. Box 35 Email: [email protected] Toronto-Dominion Centre Toronto, ON Scott McGrath M5K IB7 Tel: 416.941.5038 Fax: 416,365.1876 Counsel to PCL Construction Management Inc. Email: [email protected]

Graham Brown Tel: 416.947.5073 Fax: 416,365.1876 Email: [email protected]

WEIRFOULDS LLP H. Scott Fairley Barristers & Solicitors Tel: 416.947.5015 66 Wellington Street West Fax: 416.365.1876 Suite 4100, P.O. Box 35 Email: [email protected] Toronto-Dominion Centre Toronto, ON Nadia Chiesa M5K 187 Tel: 416.941.5084 Fax: 416.365.1876 Counsel to Ace Bayou Corporation Email: nchiesa(@weirfoulds.com

MINDEN GROSS LLP David T. Ullmann Barristers & Solicitors Tel: 416.369.4148 145 King Street West Fax: 416.864.9223 Suite 2200 Email: [email protected] Toronto, ON Ì|i4s}l4G2

Counsel to Menkes Property Management Services Ltd., as agent for HOOPP Realty lnc.

MINDEN GROSS LLP David T. Ullmann Baristers & Solicitors Tel: 416.369.4148 145 King Street West Fax: 416.864.9223 Suite 2200 Email: [email protected] Toronto, ON MsH4G2 Catherine Francis Tel: 416.369.4137 Counsel to Primaris Reit Fax: 416.864.9223 Email: cfrancis(dmindenqross.com

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McLEAN & KERR LLP Walter R. Stevenson Barristers & Solicitors Tel: 416.369.6602 130 Adelaide Street West Fax: 416.366.8571 Suite 2800 Email: wstevenson(âmcleankerr.com Toronto, ON M5H 3P5 Linda Galessiere Tel: 416.369.6609 Counsel to 20 VIC Management Inc. (on behalf of various Fax: 416.366.8571 landlords), Morguard Investments Limited (on behalf of Email: [email protected] various landlords), Calloway Real Estate Investment Trust (on behalf of Calloway REIT (Hopedale) Inc., Calloway Gus Camelino REIT (Laurentian Inc.), Crombie REIT, Triovest Realty Tel: 416369.6621 Advisors Inc. (on behalf of various landlords), Brad-Lea Fax: 416.366.8571 Meadows Limited and Blackwood Partners Management Email: gcamelino(Ðmcleankerr.com Corporation (on behalf of Surrey CC Properties Inc.)

McLEAN & KERR LLP S. Michael Citak Barristers & Solicitors Tel: 416.369.6619 130 Adelaide Street West Fax: 416.366.8571 Suite 2800 Email: [email protected] Toronto, ON M5H 3P5

Counsel to Imagine! Print Solutions Inc.

BORDEN LADNER GERVAIS LLP François Gagnon s.E.N.C.R.L., S.R.L. Tel: 1.514.954.2553 Barristers & Solicitors Fax: l 5 14.954.1905 1000 Rue de la Gauchetière Ouest Email: [email protected] Suite / Bureau 900 Montréal, QC H3B 5H4

Counsel to Bell Canada

BORDEN LADNER GERVAIS LLP Kyle Plunkett Barristers & Solicitors Tel: 416.367.6314 Scotia Plaza Fax: 416.361.2557 40 King Street West Email: [email protected] Toronto, ON M5H 3Y4

Counsel to Hasbro Canada Corporation

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BORDEN LADNER GERVAIS LLP Aliza Premji Barristers & Solicitors Tel: 416.367.6704 Scotia Plaza Fax: F 416.682.2845 40 King Street West Email: [email protected] Toronto, ON M5H 3Y4

Counsel to Razor USA LLC

BORDEN LADNER GERVAIS LLP Andrew Hodhod Barristers & Solicitors Tel: 416.367.6290 Scotia Plaza Fax: 416.361.2799 40 King Street West Email: [email protected] Toronto, ON M5H 3Y4

Counsel to Bell Canada

8239959 CANADA INC. Robert W. Shindleman c/o SHINDICO REALTY INC. Tel: 1.202.474.2000 200-1355 Taylor Ave. Fax: L202.284.7155 \Minnipeg, MB Email: [email protected] R3M 3Y9 Justin G. Zarnowski Tel: 1.202.928.8212 Fax: 1.202.284.7155 Email: [email protected]

FILLMORE RILEY LLP David J. Kroft Barristers & Solicitors Tel: 1.204.957.8346 1700-360 Main Street Fax: 1.204.954.0346 V/innipeg, MB Email: [email protected] R3C 323

Counsel to TransX Ltd.

TRANSX LTD. Pankaj Sharma 2595 Inkster Boulevard Tel: 1.204.631.4135 Winnipeg, MB R3C 2E6 Fax: 1.204.631.4109 Email: [email protected]

CASSELS BROCK & BLACKWELL LLP Larry Ellis Barristers & Solicitors Tel: 416.869.5406 2100 Scotia Plaza Fax: 416.640.3004 40 King Street West Email: [email protected] Toronto, ON M5H 3C2 Erin Craddock Tel: 416.860.6480 Counsel to Warner Brothers Distributing Inc. Fax: 416.644.9324 Email ecraddoc brock.com

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CASSELS BROCK & BLACKWELL LLP Larry Ellis Barristers & Solcitors Tel: 416.869.5406 2100 Scotia Plaza Fax: 416.640.3004 40 King Street West Email: lellis(ôcasselsbrock.com Toronto, ON M5H 3C2 Erin Craddock Tel: 416.860.6480 Counsel to Solutions 2 GO Inc. Fax: 416.644.9324 Email: [email protected]

CASSELS BROCK & BLACKWELL LLP R. Shayne Kukulowicz Barristers & Solicitors Tel: 416.860.6463 2 100 Scotia Plaza Fax: 416.640.3176 40 King Street West Email: skukulowicz@,casselsbrock.com Toronto, ON M5H 3C2 Jane O. Dietrich Tel: 416.860.5223 Counsel to Merchant Retail Solutions ULC Fax: 416.640.3144 Email: idietrich(ôcasselsbrock.com

CASSELS BROCK & BLACKWELL LLP R. Shayne Kukulowicz Barristers & Solicitors Tel: 416.860.6463 2100 Scotia Plaza Fax: 416.640.3116 40 King Street West Email: [email protected] Toronto, ON M5H 3C2 Jane O. Dietrich Tel: 416.860.5223 Counsel to Gordon Brothers Canada ULC Fax: 416.640.3144 Email: [email protected]

CASSELS BROCK & BLACKWELL LLP Joseph Bellissimo Barristers & Solicitors Tel: 416.860.6572 2 100 Scotia Plaza Fax: 416.642.7150 40 King Street West Email: [email protected] Toronto, ON M5H 3C2 Erin Craddock Tel: 416.860.6480 Counsel to Roots Canada Ltd. Fax: 416.644.9324 Email: [email protected]

Leonard Loewith Tel: 416.860.6471 Fax: 416.640.3092 Email: [email protected]

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CASSELS BROCK & BLACKWELL LLP Joseph Bellissimo Barristers & Solicitors Tel: 416.860.6512 2100 Scotia Plaza Fax: 416.642.7150 40 King Street Vy'est Email: [email protected] Toronto, ON M5H 3C2 Natalie Levine Tel: 416.860.6568 Counsel to Conair Consumer Products ULC Fax: 416.640.3207 Email: [email protected]

CASSELS BROCK & BLACKWELL LLP John Birch Barristers & Solicitors Tel: 416.860.5225 2100 Scotia Plaza Fax: 416.640.3051 40 King Street West Email: [email protected] Toronto, ON M5H 3C2

Counsel to WMI-l Holding Company (General Partner of Winners Merchants International L.P.)

STIKEMAN ELLIOTT LLP Daniel S. Murdoch Barristers & Solicitors Tel: 416.869.5529 5300 Commerce Court West Fax: 416.947.0866 199 Bay Street Email: dmurdoch(Ðstikeman.corn Toronto, ON M5H 3C2 Kathryn Esaw Tel: 416.869.6820 Counsel to Eleven Points Logistics Inc. Fax: 416.947.0866 Email: [email protected]

STIKEMAN ELLIOTT LLP Mario Paura Barristers & Solicitors Tel: 416.869.5938 5300 Commerce Court Vy'est Fax: 416.947.0866 199 Bay Street Email: [email protected] Toronto, ON M5H 3C2 Maria Konyukhova Tel: 416.869.5230 Counsel to Lowe's Companies Canada, ULC Fax: 416.947.0866 Email: mkonvukhova(Dstikeman.com

STIKEMAN ELLIOTT LLP Guy P. Martel Barristers & Solicitors Tel: 1.514.397.3163 I155 René-Lévesque Boulevard West Fax: 1.514.397.3222 Suite 4000 Email: [email protected] Montréal, QC H3B 3V2 Danny Duy Vu Tel: 1.514.39.6495 Counsel to Carat Canada Fax: 1.514.397 .3222 Email: [email protected]

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SOLMON ROTHBART GOODMAN LLP Melvyn L. Solmon Barristers & Solicitors Tel: 416.947.1093 (Ext. 333) 375 University Avenue, Suite 701 Fax: 416.947.0079 Toronto, ON Email: [email protected] M5G 2J5 Nancy J. Tourgis Counsel to ISSI Inc Tel: 416.947.1093 (Ext. 342) Fax: 416.947.0019 Email: ntourgis(ô.srglesal.com

SPORTS INDUSTRY CREDIT ASSOCIATION Brian Dabarno 245 Yictoria Avenue Tel: 1.514.931.55 6l Ext: 226 Suite 800 Fax: 1.514.931.2896 Montreal, QC Email: brian(@sica.ca H3Z 2Ii[6

FASKEN MARTINEAU DUMOULTN LLP Aubrey E. Kauffman Barristers & Solicitors Tel: 416.868.3538 333 Bay Street, Suite 2400 Fax: 416.364.1813 Bay Adelaide Centre, Box 20 Email: [email protected] Toronto, ON M5H 2T6

Counsel to Ivanhoe Cambridge Inc.

FASKEN MARTINEAU DUMOULIN LLP Stuart Brotman Barristers & Solicitors Tel: 416.865.5419 333 Bay Street, Suite 2400 Fax: 416.364.7813 Bay Adelaide Centre, Box 20 Email: [email protected] Toronto, ON M5H 2T6

Counsel to Sobeys Capital Incorporated

FASKEN MARTINEAU DuMOULIN LLP Luc Morin Barristers & Solicitors Tel: 1.514.397.5121 The Stock Exchange Tower Fax: |.514.391 .7600 800 Victoria Square Email: lmorinl¿ùfasken.com Suite 3700, PO Box242 Montréal, PQ H4Z IEg

Counsel to Ivanhoe Cambridge lnc.

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FASKEN MARTINEAU DuMOULIN LLP Brandon Farber Barristers & Solicitors Tel: 1.514.397 .5179 The Stock Exchange Tower Fax: 1.514.397.7600 800 Victoria Square Email: [email protected] Suite 3700, POBox242 Montréal, PQ H4Z IE9

Counsel to Canadian Pacific Railway Ltd.

FASKEN MARTINEAU DUMOULIN LLP Luc Béliveau Barristers & Solicitors Tel: 1.514.397.4336 The Stock Exchange Tower Fax: 1.514.397.7600 800 Victoria Square Email : lbeliveaulÐfasken.com Suite 3700, POBox242 Montréal, PQ Brandon Farber H4Z IEg Tel: 1.514.397.5179 Fax: 1.514.397.7600 Counsel to McKesson Canada Email: [email protected]

FASKEN MARTINEAU DUMOULIN LLP Guillaume-Pierre Michaud Barristers & Solicitors Tel: 1.514.397.5264 The Stock Exchange Tower Fax: 1.514.397.7600 800 Victoria Square Email: [email protected] Suite 3700, POBox242 Montréal, PQ H4Z IE9

Counsel to Distribution Select, a division of Archambault Group inc., a subsidiary of Quebecor Media Inc.

THE SCOTTS COMPANY LLC Lewis J. Dolezal Jr. 14lll ScottslawnRoad Tel: 1.937.578.1319 Marysville, Ohio Fax: 1.937.644.7568 usA 43041 Email: lewis.dolezal@,scotts.com

COTY CANADA Robert Spensieri 1255 Rte Transcanadienne Tel: 1.514.421.5066 Dorval, QC Email: robert_spensieri@col¡inc.com H9P 2V4

BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: lbrzezinski@blane),.com Toronto, ON M5C 3G5

Counsel to Advitek Inc.

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BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: lbrzezinski(Ðblaney.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Universal Studios Canada Inc Fax: 416.593.5437 Email: ATeodorescu@blaney,com

BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: lbrzezinski@,blaney.com Toronto, ON M5C 3G5 Älexandra Teodorescu Tel: 416.596.4279 Counsel to Nintendo of Canada, Ltd. Fax: 416.593.5437 Email: [email protected] BLANEY MCMURTRY LLP Lou Brzezinski Baristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email : lbrzezinski@blaney. com Toronto, ON Chad Kopach M5C 3G5 Tel: 416.593.2985 416.594.543'l Counsel to Thyssenkrupp Elevator (Canada) Limited Fax: Email: [email protected] Alexandra Teodorescu Tel: 416.596.4279 Fax: 416.593.5437 Email: [email protected] BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Optrust Retail lnc Fax: 416.593.5437 Email: [email protected]

BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to bcIMC Realty Corporation Fax: 416.593.5437 Email: ATeodorescu@blane)¡.com

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BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to PCM Sheridan Inc. Fax: 416.593.5437 Email: [email protected]

BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Artis Tamarack Ltd. Fax: 416.593.5437 Email: ATeodorescu(Dblaney.com

BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: iwolf(Ðblaney.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Hazeldean Mall LP Fax: 416.593.5437 Email: ATeodorescu@blane),.com

BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: iwolf@,blane),.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Milton Mall LP Fax: 416.593.5437 Email: [email protected]

BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Penretail III Limited Partnership and Penretail Fax: 416.593.5437 Management Ltd. Email: [email protected]

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BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: iwolf(Ðblaney.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to Hillside Centre I LP and Hillside Cente ll LP Fax: 416.593.5437 Email: [email protected] BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel to 2125312 Canada lnc. and 2973758 Canada Inc l.'ax: 416.593.5437 Email: ATeodorescu@,blaney.com BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5

Counsel to Investors Group Trust Co. Ltd. as Trustee for Investors Real Property Fund

BLANEY MCMURTRY LLP John C. Wolf Barristers & Solicitors Tel: 416.593.1221 2 Queen Street East Fax: 416.593.5437 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5

Counsel to 391102 B.C. Ltd.

BLANEY MCMURTRY LLP Ralph Cuervo-Lorens Barristers & Solicitors Tel: 416.593.2990 2 Queen Street East Fax: 416.594.2431 Suite 1500 Email: rcuervolorens@blane)r.com Toronto, ON M5C 3G5

Counsel to Direct Energy Marketing Limited

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BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5

Counsel to RPI Consulting Group Inc.

BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: lbrzezinski@blane)¡.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel for Direct Construction Company Limited Fax: 416.593.5437 Email: [email protected] BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: lbrzezinski(ôblaney.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel for Pelican Creations Inc Fax: 416.593.5437 Email: ATeodorescu(@blanev.com BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel for Irving Consumer Products Limited Fax: 416.593.5437 Email: ATeodorescu@,blaney.com BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email : lbrzezinski@blane)¡.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel for Farmer Bros. Co. Fax: 416.593.5437 Email: [email protected]

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BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel: 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: [email protected] Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel for Transource Freightways Ltd. Fax: 416.593.5437 Email: [email protected] BLANEY MCMURTRY LLP Lou Brzezinski Barristers & Solicitors Tel; 416.593.2952 2 Queen Street East Fax: 416.594.5084 Suite 1500 Email: lbrzezinski@,blaney.com Toronto, ON M5C 3G5 Alexandra Teodorescu Tel: 416.596.4279 Counsel f'or Mondelez Canada Inc Fax: 416.593.5437 Email: ATeodorescu(@blaney.com DE GRANDPRE CIIAIT LLP Stephen M. Raicek 1000 De La Gauchetière Street Ouest Tel: 1.514.878.3215 Suite 2900 Fax: 1.514.878.5715 Montreal, QC Email: [email protected] H3B 4W5 Matthew Maloley Counsel to Faubourg Boisbriand Shopping Centre Limited Tel: 1.514.878.3243 Partnership Fax: 1.514.878.5743 Email: [email protected]

DE GRANDPRE CHAIT LLP Stephen M. Raicek 1000 De La Gauchetière Street Ouest Tel: 1.514.878.3215 Suite 2900 Fax: L514.878.5715 Montreal, QC Email: [email protected] H3B 4W5 Matthew Maloley Counsel to Sun Life Assurance Company of Canada Tel: 1.514.878.3243 Fax: 1.514.878.5743 Email: [email protected]

DE GRANDPRE CHAIT LLP Stephen M. Raicek 1000 De La Gauchetière Street Ouest Tel: 1.514.878.3215 Suite 2900 Fax: 1.514.878.5715 Montreal, QC Email: [email protected] H3B 4W5 Ronald Stein Counsel to Place Versailles Inc Tel: 1.514.878.3254 Fax: 1.514.878.5754 Email: [email protected]

Matthew Maloley Tel: 1.514.878.3243 Fax: 1.514.818.5743 Email: mmaloley@,dgclex.com

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ROYAL BANK OF CANADA LÍvia Kolter-Held 200 Bay Street, North Tower Tel: 416.974.0356 Toronto, ON Fax: 416.974.2211 M5J 2J5 Email: livia.kolter-held(ârbc.com

Mary Arzoumanidis Tel: 416.955.4730 Fax: 416.955.5015 Email: [email protected]

CCA and B LLC Hillary Gardner 3350 Riverwood Parkway, Ste 300 Tel: 1.678.402.0947 Atlanta, GA Email: Hillarly. Gardner@elfontheshelf. com 30339 U,S.A.

HAHN & HT]SSEN LLP Edward L. Schnitzer Barristers & Solicitors Tel: 1.212.478.1215 488 Madison Avenue Fax: 1.212.478.7400 New York, NY 10022 Email: [email protected] U.S.A. Joseph Orbach Tel: 1.212.478.7396 Fax: 1.212.478.7400 Email: iorbach(Ðhahnhessen.com

TRANSOURCE FREIGHTWAYS Kal Kajla 620 Alford Avenue Tel: 1.604.525.0527 Delta, BC Email: [email protected] V3M 6XI

SUTTS, STROSBERG LLP William V. Sasso Barristers & Solicitors Tel: 1.519.561.6222 251 Goyeau Street Fax: 1.519.561.6203 Suite 600 Email: [email protected] Windsor, ON NgA 6V4 Sharon Strosberg Tel: 1.519.561.6244 Counsel to Pharmacy Franchisee Association of Canada Fax: I .5 I 9.561 .6203 Email: [email protected]

CROCHETIERE, PETRIN Alexandre Franco Barristers & Solicitors Tel: 1.514.354.3645 5800 boul. Louis-H. - La Fontaine Fax: L514.354.651 I Montréal, QU Email: afranco@crochetiere-petrin,qc.ca HIM IS7

Counsel to Aliments Triumph lnc.

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ALIMENTS TRIUMPH INC. Patrick J. Carvell I 020 Boulevard Michèle-Bohec Email: [email protected] Blainville, QC T1C 5L7

BENNETT JONES LLP Raj Sahni Barristers & Solicitors Tel: 416.777.4804 One First Canadian Place Fax: 416.863.1716 Suite 3400 Email: sahnir@,bennettiones.com Toronto, ON M5X IA4 Derek Bell Tel: 416.117.4638 Counsel to One York Street Inc. (Menkes Development Fax: 416.863.1716 Ltd.) Email: [email protected]

CORRE PARTNERS MANAGEMENT LLC Stephen Lam 1370 Avenue of the Americas Tel: 1.646.863.7157 29th Floor Fax: 1.646.863.7161 New York, New York 10019 Email: [email protected] U.S.A.

BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L 149 Aryo Shalviri Tel: 416.863.2962 Counsel to Philips Electronics Ltd. Fax: 416.863.2653 Email: arvo.shalviri(Oblakes.com BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L IA9 Aryo Shalviri Tel: 416.863.2962 Counsel to Bose Limited Fax: 416.863.2653 Email: aryq.shalviri(Ðblakes.com BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L 149 Aryo Shalviri Tel: 416.863.2962 Counsel to Dyson CanadaLtd. Fax: 416.863.2653 Email: aryo.shalviri(Ðblakes.com

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BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L IA9 Aryo Shalviri Tel: 416.863.2962 Counsel to Lego Canada Inc. Fax: 416.863.2653 Email: [email protected] BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: linc.rogers(ôblakes.com Toronto, ON M5L IA9 Aryo Shalviri Tel: 416.863.2962 Counsel to Hanesbrands Inc. Fax: 416.863.2653 Email: [email protected] BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L IA9 Aryo Shalviri Tel: 416.863.2962 Counsel to Smucker Foods ofCanada Corp. / Corp. de Fax: 416.863.2653 Produits Alimentaires Smucker du Canada Email: [email protected]

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BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L IA9 Aryo Shalviri Tel: 416.863.2962 Counsel to Nestlé Canada Inc. Fax: 416.863.2653 Email: aryo.shalviri(Ðblakes.com BLAKE, CASSELS & GRAYDON LLP Linc Rogers Barristers & Solicitors Tel: 416.863.4168 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L IA9 Aryo Shalviri Tel: 416.863.2962 Counsel to Funai Corporation lnc. Fax: 416.863.2653 Email: [email protected] BLAKE, CASSELS & GRAYDON LLP Aryo Shalviri Barristers & Solicitors Tel: 416.863.2962 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: aryo.shalviri(Dblakes.com Toronto, ON M5L IA9

Counsel to Medela Canada Inc.

BLAKE, CASSELS & GRAYDON LLP Joseph Grignano Barristers & Solicitors Tel: 416.863.4025 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: ìoseph. [email protected] Toronto, ON M5L IA9

Counsel to Northwest Plaza Ltd

BLAKE, CASSELS & GRAYDON LLP Milly Chow Barristers & Solicitors Tel: 416.863.2594 199 Bay Street Fax: 416.863.2653 Suite 4000, Commerce Court West Email: [email protected] Toronto, ON M5L 149

Counsel to ASM Capital V, L.P

ASM CAPITAL V, L.P. Douglas Wolfe 7600 Jericho Turnpike Tel: 1.516.422.7102 Suite 302 Fax: 1.516.422.7118 Woodbury, NY I1797 Email: [email protected] U.S.A.

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GOWLING LAFLEUR HENDERSON LLP Clifton P. Prophet Barristers & Solicitors Tel: 416.862.3509 I First Canadian Place Fax: 416.862.7661 100 King St. West, Suite 1600 Email: clifton.prophet@,gowlings.com Toronto, ON M5X 1G5 Frank Lamie Tel: 416.862.3609 Counsel to Fiera Properties Limited Fax: 416.862.7661 Email: [email protected]

BURCHELLS LLP David Hutt Barristers & Solicitors Tel: 1.902.442.8373 l80l Hollis St., Suite 1800 Fax: 1.902.420.9326 Halifax, NS Email: dhutt@,burchells.ca B3J 3N4

Counsel to Halifax 1658 Bedford Highway Inc.

AIRD & BERLIS LLP D. Robb English Barristers & Solicitors Tel: 416.865.4748 l8l Bay St., Suite 1800 Fax: 416.863.1515 Toronto, ON Email: [email protected] M5J 2T9

Counsel to CompuCom Systems, Inc. and CompuCom Canada Co.

AIRD & BERLIS LLP Ian Aversa Barristers & Solicitors Tel: 416.865.3082 l8l Bay St., Suite 1800 Fax: 416.863.1515 Toronto, ON Email: [email protected] M5J 2T9 Jeremy Nemers Counsel to RSP Architects, Ltd. Tel: 416.865.7724 Fax: 416.863. l5 15 Email: [email protected]

AIRD & BERLIS LLP Steven Graff Barristers & Solicitors Tel: 416.865.7726 181 Bay St., Suite 1800 Fax: 416.863.1515 Toronto, ON Email: seraff(Aairdberlis.com M5J 2T9

Counsel to CREIT

EVOLUTION LIGHTING, LLC Mitch Mossman 16200 NW 59th Ave, Suite 101 Tel: 1.786.533.1807 Ext.246 Miami Lakes, FL 33014 Fax: 1.305.558.8027 U.S.A. Email: [email protected]

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DEPARTMENT OF JUSTICE Diane Winters Ontario Regional Office Tel: 416.913.3172 130 King Street West, Suite 3400 Fax: 416.973.0810 Toronto, ON Email: [email protected] M5X 1K6 Andrew D. Kinoshita Tel: 416.973.9337 Counsel to Attorney General of Canada in Right of Canada Fax: 416.973.0810 Email: [email protected] SEAPORT GLOBAL HOLDINGS LLC Scott Friedberg 360 Madison Avenue, 22nd Floor Tel: 1.212.616.7128 New York, NY 10017 Cell: 1.917.913.4281 U.S.A. Email: [email protected]

NORTON ROSE FULBRIGHT CANADA LLP Alan Merskey Barristers & Solicitors Tel: 416.216.4805 Royal Bank Plaza, South Tower, Suite 3800 Fax: 416.216 3930 200 Bay Street, P.O. Box 84 Email: alan.merske)¡@nortonrosefulbrisht.com Toronto, ON M5J 224 Evan Cobb Tel: 416.216.1929 Fax: 416.216 3930 Email : evan.cobb(Ðnortonrosefulbri ght. com

NORTON ROSE FULBRIGHT CANADA LLP Christian Roy Barristers & Solicitors Tel: I .41 8.640.5028 Suite 1500, 2828Laurier Boulevard Fax: I .41 8.640. 1500 Québec, QC Email: christian.ro)¡(Ðnortonrosefulbright.com GlV OB9

Counsel to Cominar Real Estate Investment Trust

PALIARE ROLAND ROSENBERG ROTHSTEIN Lindsay Scott LLP Tel: 416.646.7442 Barristers & Solicitors Fax: 416.646.4301 155 Wellington Street West Email: [email protected] 35th Floor Toronto, ON M5V 3HI

Counsel to Microsoft Corporation

FARRIS, VAUGHAN, WILLS & MURPHY LLP David E. Gruber Barristers & Solicitors Tel: 1.604.661.9361 200 - 700 W Georgia Street Fax: 1.604.661.9349 Vancouver, BC Email: deruber(¿farris.com V7Y IB3 Arden Beddoes Counsel to Claims Recovery Group LLC Tel: L604.661.9380 Fax: 1.604.661.9349 Email: [email protected]

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CLAIMS RECOVERY GROUP LLC Rob Axenrod Email: TareetCanadaNotices@claimsrecoveryllc. com

CLARK \ryILSON LLP Christopher Ramsay Barristers & Solicitors Tel: 1.604.643.3176 900-885 West Georgia Street Fax: 1.604.687.6314 Vancouver, BC Email: [email protected] V6C 3HI Katie G. Mak Counsel to Narland Properties (Haney) Ltd Tel: 1.604.643.3105 Fax: 1.604.687.6314 Email: [email protected]

DAVPART INC. Karen Citron 4576 Yonge Street, Suite 700 Tel: 416.222.3010 Toronto, ON Fax: 416.222.3013 M2N 6N4 Email: citronk(@davpart.com

Landlord to Target Store T3560, located at Lindsay Square, 401 Kent Street West

LIQUIDITY SOLUTIONS, INC. Michael Handler One University Plaza, Suite 3 l2 Tel: I .201 .968.0001 Hackensack, NJ 07601 Fax: 1.201.968.0010 U.S.A. Email: [email protected] and

ls i @ I iqu i d itvso luti on s. c om

TORKIN MANES LLP S. Fay Sulley Barristers & Solicitors Tel: 416.777.5419 l5l Yonge Street, Suite 1500 Fax: 1.888.587.5769 Toronto, ON Email: [email protected] M5C 2V/7 Jeffrey Simpson Counsel to Springs Window Fashion LLC Tel: 416.777.5413 Fax: 1.888.587.9143 Email: [email protected]

ALLUVIUM PARTNERS LLC Darren F. Yulfo 28 West 44th Street, l6rH Floor Tel: 1.212.882.1866 New York, NY 10036 Fax: 1.212.882.1867 U.S.A. Email: dwlfo(Ðalluviumpartnersllc.com

UNIQUE INDUSTRIES, INC. Michael Dougherty 4750 League Island Blvd. Tel: 1.215.218.7794 Philadelphia, PA Email: mdousherff(@favors.com usA, 19112-1222 Glenn Wattenmaker Tel: 1.215.218.7704 Email: [email protected]

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FARMER BROS. CO. Colleen A. Brooks 20333 S. Normandie Avenue Tel: 1.310.787.5393 Torrance, CA Fax: 1.310.787.5376 usA,90502 Email: [email protected]

KELLY SANTINI LLP Rick Brooks Barristers & Solicitors Tel: 1.613.238.63218xt.248 160 Elgin Street, Suite 2401 Fax: 1.613.233.4553 Ottawa, ON K2P 2P7 Email: [email protected]

Counsel to Lozier Corporation Shawn O'Connor Tel: 1.613.238.63218xt.230 Fax: 1.613.233.4553 Email: [email protected]

KELLY SANTINI LLP Rick Brooks Barristers & Solicitors Tel: 1.613.238.63218xt.248 160 Elgin Street, Suite 2401 Fax: 1.613.233.4553 Ottawa, ON K2P 2P7 Email: [email protected]

Counsel to Lozier Store Fixtures, LLC

SPARK LLP Jeffrey Rosekat Barristers & Solicitors Tel: 416.639.2151 169 King Street East, Third Floor Fax: 647.490.4888 Toronto, ON M5A lJ4 Email: [email protected]

Counsel to Helen of Troy LP

SPARK LLP Jeffrey Rosekat Barristers & Solicitors Tel: 416.639.2151 169 King Street East, Third Floor Fax: 647.490.4888 Toronto, ON M5A lJ4 Email: [email protected]

Counsel to Kaz Canada lnc.

SPARK LLP Jeffrey Rosekat Barristers & Solicitors Tel: 416.639.2151 169 King Street East, Third Floor Fax: 647.490.4888 Toronto, ON M5A lJ4 Email: [email protected]

Counsel to Kaz Far East Ltd.

SPARK LLP Jeffrey Rosekat Barristers & Solicitors Tel: 416.639.2151 169 King Street East, Third Floor Fax: 647.490.4888 Toronto, ON M5A lJ4 Email: [email protected]

Counsel to ldelle Labs Ltd.

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First Capital Kim Withrow 3350 Riverwood Parkway, Suite 1750 Tel: 1.678.594.5900 Atlanta, GA 30339 Email : kwithrow@firstcapital. com U.S.A. Vicki Heller Counsel to Tara Toy Corp Tel: 1.678,594.5900 Email: vheller(@firstcapital.com

Kevin McGarry Tel: 1.678.594.5900 Email: [email protected]

Lance Baker Tel: 1.954.557,5050 Email: Lbaker@f,rrstcapital.com

First Capital Kim \ilithrow 3350 Riverwood Parkway, Suite 1750 Tel: 1.678.594.5900 Atlanta, GA 30339 Email: kwithrow@fìrstcapital.com U.S.A. Vicki Heller Counsel to Miken Clothing Tel: L678.594.5900 Emaí1: [email protected]

Kevin McGarry Tel: 1.678.594.5900 Email: kmcgarry(âfirstcapital. com

Lance Baker Tel: L954.557.5050 Email: [email protected]

GOLDMAN SLOAN NASH & HABER LLP Michael Rotsztain Barristers & Solicitors Tel: 416.597.7870 480 University Avenue, Suite 1600 Fax: 416.591.3370 Toronto, ON M5G lV2 Email: [email protected]

Counsel to Virginia Johnson Lifestyle Ltd.

Periscope, Inc. Aaron Martin 921 Washington Avenue South Tel: 1.612.399.0411 Minneapolis, MN 55415 Email: [email protected] U.S.A. Virginia Hines Tel: 1.612.399.0410 Email: [email protected]

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Periscope Canada, Inc. Aaron Martin 921 Washington Avenue South Tel: 1.612.399.0417 Minneapolis, MN 55415 Email: [email protected] U.S.A. Virginia Hines Tel: 1.612.399.0410 Email: vhines(ôperiscope.com

Primeshares World Markets / VonWin Capital Neil Desai 261 Fifth Avenue, 22ndFloor Tel: 1.212.889.3088 New York, NY 10016 Fax: 1.212.889.2232 U.S.A. Email: [email protected]

Coface North America Insurance Company Amy Schmidt 50 Millstone Road Tel: 1.609.469.0459 Bldg 100, Suite 360 Email: amy schmidt@,coface.com East Windsor, NJ 08520 U.S.A.

Rapid Displays Inc. Karen Teel 4300 West 47th Street Tel: 1.173.843.7870 Chicago, IL 60632 Fax: 1.173.927.0975 U.S.A. Email: [email protected]

Brian L. Greenburg Tel: 1.773.927.5000 Fax: 1.773.927.1091 Emâil: bereenbure@rapiddispla)rs.com

R S P ARCHITECTS Pat Parrish 1220 Marshall Street N.E Email: [email protected] Minneapolis, MN 55413 U.S.A. Tel: 1.612.671.7100 Fax: l. 612.677.7499

BEAUWARD SHOPPING CENTRES LTD. Nathalie Parent 430, Arthur-Sauvé boulevard, Bureau 6010 Tel: 1.450.473.6831 Ext.203 Saint-Eustache, QC J7R 6V7 Fax: 1.450.473.2184 Email: [email protected]

Richard Hamelin Tel: 1.450.473.6831Bxt.202 Fax: 1.450.473.2184 Email: [email protected]

MCMILLAN LLP Wael Rostom Barristers & Solicitors Tel: 416.865.7790 Brookfield Place Fax: 416.865.7048 l8l Bay Street, Suite 4400 Email: [email protected] Toronto, ON M5J 2T3

6533 868 -36-

MCMILLAN LLP Daniel Shouldice Barristers & Solicitors Tel: l.'778.328.1497 Royal Centre Fax: 1.604.685.7084 1055 West Georgia Street Email: [email protected] Suite 1500, PO Box 11 I l7 Vancouver, BC V6E 4N7

AMERICAN TEXTILE CO. Scott Neil RIDC Riverplace Tel: 1.412.948.10208xt.263 l0 North Linden Street Fax: 1.412.948.1002 Duquesne, PA 15110 Email: [email protected] U.S.A,

TIERNEY STAUFFER LLP Susan Mitchell Barristers & Solicitors Tel: 1.613.288.3209 5 l0-1600 Carling Avenue Fax: 1.613.728.9866 Ottawa, ON KIZ 0Al Email: [email protected]

Counsel to Katherine Stredinyn

BOBILA WALKER LAW LLP Maria Bobila Barristers & Solicitors Tel: 416.847.1859 First Canadian Place Fax: 416.644.8801 100 King Street West, Suite 5600 Email: maria(Dbobilawalkerlaw.com Toronto, ON M5X 1C9

Counsel to M.E.T.R.O. (Manufacture, Export, Trade, Research Office) Incorporated / Kerson Invested Limited

JEFFERIES LEVERAGED CREDIT PRODUCTS, Richard Dalessio LLC Tel: 1.212.284.2300 520 Madison Avenue Email: [email protected] New York, NY 10022 U.S.A. Michael Richards Tel: 1.212.708.2826 Email: [email protected]

Jay Sommer Tel: 1.212.708.2822 Email: isommerl @jefferies.com

LOWENSTEIN SANDLER LLP Bruce S. Nathan Barristers & Solicitors Tel: 1.212.204.8686 l25l Avenue of the Americas, l9th Floor Fax: 1.9'73.422.6851 New York, NY 10020 Email: [email protected] U.S.A. David M. Banker Tel: 1.212.204.8692 Fax: 1.973.422.6863 Email: [email protected]

6533868 -37 -

CENTERBRIDGE PARTNERS, L.P. Tim Denari 375 Park Avenue, l2th Floor Tel: 1.212.672.4457 New York, NY 10152 Email : tdenari la)centerbrid ge.com U.S.A.

HYUNDAI MERCHANT MARINE (AMERICA), INC. Sook H. Lee 222W. Las Colinas Boulevard Tel: 1.972.501.1154 Suite 700 Fax: 1.972.501.1281 Irving, TX 75039 Email: aqshlla)hmm2 Lcom U.S.A.

KATTEN MUCHIN ROSENMAN LLP DarÍus J. Goldman Barristers & Solicitors Tel: 1.212.940.6355 575 Madison Avenue Fax: 1.973.422.6851 New York, NY 10022-2585 Email: dg(@kattenlaw.com U.S.A. JessÍca Chue Counsel to Banc of America Credit Products Inc. Tel: 1.212.940.6793 Fax: 1.212.940.8116 Email: [email protected]

BANC OF AMERICA CREDIT PRODUCTS INC. Ryan rùeddle c/o Bank of America Menill Lynch Email: [email protected] Bank of America Tower - 3rd Floor One Bryant Park Esther Chung New York, New York 10036 Tel: 1.646.855.7450 U.S.A. Email: esther.chun com

Ante Jakic Tel: 1.646.855.7450 Email: [email protected]

TD BANK GROUP Teresa Walsh Legal Department Tel: 416.307.7833 66 V/ellington Street West Email: [email protected] TD Tower, l5th Floor Toronto, Ontario M5K 142

STEWART MCKELVEY D. Fraser MacFadyen Barristers & Solicitors Tel: 1.902.420.3365 Suite 900 Fax: 1.902.496.6182 Purdy's Wharf Tower One Email: fmacfadyen@stewartmckelve),.com 1959 Upper Water Street Halifax, NS B3J 3N2

KLEIN LAWYERS LLP Karalyn Moore t Barristers & Solicitors Tel: 1.604.874.7171 400-1385 West 8th Avenue Fax: 1.604.874.7180 Vancouver, BC V6H 3V9 Email: kmoore@callkleinlaw)rers.com

Counsel to Nelly Changsek Ku de Com

6533868 -38-

BLAKELEY LLP Ruth Fagan Barristers & Solicitors Tel: 1.929.272.7566 54 W.40th Street Fax: 1.949.260.0613 New York, NY 10018 Email: [email protected] U.S.A.

Counsel to Activa Leisure

SUNHAM HOME FASHIONS, LLC Arthur Courbanou 136 Madison Avenue Tel: 1.212.695.1218 Ext.l160 New York, NY 10016 Fax: 1.26'7.295.2021 U.S.A. Email: [email protected]

GOLDMAN SLOAN NASH & HARBER LLP Paul Hancock Barristers & Solicitors Tel: 416.597.7881 480 University Avenue Fax: 416.597.3370 Toronto, ON M5G 1V2 Email: hancock(âgsnh.com

Counsel to Kone Inc.

SVITLANA BURLAKOVA Svitlana Burlakova 2223 Glenwood School Drive Tel: 289 981 8148 Burlington, ON Email: [email protected] L7R 3R4

CLIFFORD CHANCE US LLP Timothy Bennett 3l West 52nd Street Tel: 1.212.878.3235 New York, NY 10019 Email: timoth)¡.bennett2@cliffordchance. com U.S.A.

Counsel to Citigroup Financial Products Inc

CITIGROUP FINANCIAL PRODUCTS INC. Bryan Magliaro 390 Greenwich Street Tel: 1.212.723.6064 New York, NY 10013 Email: bryan. [email protected] USA Kenneth Keeley Tel: 1.212.723.6501 Email: kenneth.keeley(D,citi.com HER MAJESTY THE QUEEN IN RIGHT Heather Wellman OF THE PROVINCE OF BRITISH COLUMBIA Tel: 1.250.356.8434 Ministry of Justice Fax: 1.250.387.0700 PO Box 9289, Station Provincial Govemment Email: Heather. lVellman@ gov.bc. ca Victoria, BC V8V/9J7 Aaron Welch Tel: 1.250.356.8589 Fax: 1.250.387.0700 Email: [email protected]

6533868 -39 -

LERNERS LLP Domenico Magisano 130 Adelaide Street West, Suite 2400 Tel: 416.601.4121 Toronto, ON M5H 3P5 Fax: 416.601.4123 Email: dmagisano(dlerners. ca Counsel to Amskor Corporation

CONTRARIAN CAPITAL MANAGEMENT, L.L.C. Keith McCormack 4l I West Putnam Avenue, Suite 425 Tel: 1.203.862.8270 Greenwich, CT 06830 Email: kmccormack@contrariancapital. com. U.S.A. Kimberly Gianis Tel: 1.203.862.8250 Fax: 1 .203 .629.1977 Email : [email protected] LERNERS LLP Domenico Magisano 130 Adelaide Street Vy'est, Suite 2400 Tel: 416.601.4121 Toronto, ON M5H 3P5 Fax: 416.601.4123 Email: [email protected] Counsel to Amskor Corporation

PLACE VERSAILLES INC. William Gregory 7215 Ptue Sherbrooke E Bureau 300 Tel: 1.514.3 52.1440 Montréal, QC Email : william gre eorv@placeversailles. com HIN 1E9

BOWERY INVESTMENT MANAGEMENT, LLC Bradley Max 1325 Avenue of the Americas, 28th Floor Tel: 1.212.259.4318 New York, New York 10019 Email: [email protected] U.S.A.

FARALLON CAPITAL MANAGEMENT LLC Michael Linn One MaritimePlaza Suite 2100 Tel: 1. 415.421.2132 San Francisco CA 9411I Email: [email protected] U.S.A.

PUSHOR MITCHELL LLP Alf Kempf 301 - 1665 Ellis Street Tel: 1.250.869.1215 Kelowna, BC VIY 283 Email: KempffÐpushormitchell.com

UBISOFT Lauren Jaques 625 3rd Street Tel: 1.415.571.2125 San Francisco, CA 94107 Fax; 1.415-728-9483 U.S.A. Email: lauren [email protected]

6533868 -40-

BORDEN LADNER GERVAIS LLP Marc Duchesne s.E.N.C.R.L., S.R.L. Tel: 1.514.954.3102 Barristers & Solicitors Fax: 1.514.954.1905 1000 Rue de la Gauchetière Ouest Email: [email protected] Suite / Bureau 900 Montréal, QC Andrew Hodhod H3B 5H4 Tel: 1.514.954.3140 Fax: 1.514.954.1905 Counsel to LeapFrog Canada, Inc. Email: [email protected]

PACIFIC CYCLE,INC Robert Silvis 49}2Hammersley Road Tel: 1.608.268.8330 Madison, WI537l I Email: BSilvis(@Pacific-Cycle.com U.S.A.

Counsel to Pacific Cycle, Inc. and Dorel Industries Inc,

BELLUS CAPITAL MANAGEMENT, LLC Jim Cullinane 299 Park Ave Tel: 1.212.763.5645 New York, NY l0l7l Email: icullinane(Ðbelluscapital.com U.S.A.

AIRD & BERLIS LLP Miranda Spence Barristers & Solicitors Tel: 416.865.3414 l8l Bay St., Suite 1800 Fax: 416.863.1515 Toronto, ON Email: [email protected] M5J 2T9

Counsel to Discovery Harbour Shopping Centre Ltd.

AIRD & BERLIS LLP Steven Graff Barristers & Solicitors Tel: 416.865.7726 181 Bay St., Suite 1800 Fax: 416.863.1515 Toronto, ON Email : seraff(Aairdberlis.com M5J 2T9 Miranda Spence 416.865.3414 Counsel to Northwest Realty Inc. Tel: Fax: 416.863.1515 Email: mspence@airdberlis,com KPA LAWYERS PROFESSIONAL CORPORATION Preet Pannu Barristers & Solicitors Tel: 905.965.6263 4304 Village Centre Court Fax: 905.965.6162 Mississauga, ON Email: oreet@kpalaw)¡ers.ca L4Z IS2

Counsel to Leda Health Innovations

6533868 -4t-

KPA LAWYERS PROFESSIONAL CORPORATION Preet Pannu Barristers & Solicitors Tel: 905.965.6263 4304 Village Centre Court Fax: 905.965.6162 Mississauga, ON Email: preet@,kpalawyers.ca L4Z IS2

Counsel to D&G Laboratories

DISTRESSED RESEARCH AND TRADING Paul S. Berg ARGO PARTNERS Tel: 212.643.5457 12 West 37th Street,9th Floor Fax: 212.643.6401 New York, NY 10018 Email: [email protected] U.S.A.

6533868 ADDITIONAL SERVICE PARTY FOR PLAN SANCTION HEARING

PARTY CONTACT

Ministry of X'inance (Ontario) Kevin J.O'Hara Offrce of Legal Services Tel: 905.433.6934 33 King Street West, 6th Floor Email : kevin.ohara@fïn.sov.on.ca Oshawa, ON LIH 8H5

TABLE OF CONTENTS

Tab I)ocument Page No.

I Notice of Motion I

2 Affidavit of Mark J. Wong swom lll4ay 26,2016 7

Exhibit A Amended Plan 27

Exhibit B Meeting Order Affidavit swom April6,2016 t29

Exhibit C Blackline showing Plan Modihcations 176

Exhibit D Target Canada's Letter to Creditors dated April 13, 197 2016

Exhibit E Consultative Committee's Letter to Creditors dated 206 April22,2016

3 Draft Sanction and Vesting Order 208

TAB 1

Court File No. CV-15-10832-00CL

0ntarÍo SUPERIOR COURT OF JUSTICE COMMERCIAL LIST

IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT, R.S,C. 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF TARGET CANADA CO., TARGET CANADA HEALTH CO., TARGET CANADA MOBILE GP co., TARGET CANADA PHARMACY (BC) CORP., TARGET CANADA PHARMACY (ONTARTO) CORP., TARGET CANADA PHARMACY CORP., TARGET CANADA PHARMACY (SK) CORP., and TARGET CANADA PROPERTY LLC

APPLICANTS NOTICE OF MOTION

The Applicants will make a motion before a judge of the Ontario Superior Court of Justice (Commercial List) on June 2,2016 at 9:30 a.m., or as soon after that time as the motion can be heard, at 330 University Avenue, Toronto, Ontario.

PROPOSED METHOD OF HEARING: The motion is to be heard orally

THE MOTION IS F'OR:

I An Order substantially in the form attached at Tab 3 of the Motion Record, inter aliq:

(a) if necessary, abridging the time for service of this Notice of Motion and the Motion Record and dispensing with service on any person other than those served;

(b) declaring that the Creditors' Meetingr held on May 25,2016 was duly convened and held, all in accordance with the Meeting Order;

All capitalized terms that are not otherwise defined herein have the meaning given to them in the Second Amended and Restated Joint Plan of Compromise and Arrangement dated May 19,2016 (the "Amended Plan"). ., 2 - z--

(d) authorizing and directing the Target Canada Entities and the Monitor to take all steps and actions necessary or appropriate to implement the Amended Plan;

(e) vesting all of the Target Canada Entities' rights, title and interest in and to the IP

Assets in Target Corporation (or its designee);

(Ð extending the Stay Period (as defined in paragraph 17 of the Initial Order) until and

including September 23,2016; and

(g) extending the Notice of Objection Bar Date (defined at paragraph 3(aa) of the Claims Procedure Order) to the Plan Implementation Date and ordering that the Notice of Objection Bar Date will expire on the Plan Implementation Date; and

2. Such further and other Relief as this Honourable Court may deem just.

THE GROUNDS F'OR THE MOTION ARE:

(a) The Target Canada Entities were granted protection from their creditors under the CCAA pursuant to the Initial Order of the Ontario Superior Court of Justice (Commercial List) dated January 15,2015 (as amended and restated, the "Initial Order");

(b) Alvarez & Marsal Canada Inc. was appointed in the Initial Order to act as the Monitor in these CCAA proceedings;

the Amended Plan (in its then-current form) for filing; (ii) authorizing the

Applicants to convene the Creditors' Meeting; and (iii) establishing the procedures for the conduct of the Creditors' Meeting;

(d) The Target CanadaEntities, with the consent of the Monitor and the Plan Sponsor,

made minor plan modifications of a technical and administrative nature on May 19, 2016 (and, on the same day, the Target Canada Entities notified the Service List and the Monitor posted a copy of these plan modihcations on its website); -3- J

(e) The Creditors' Meeting was held in Toronto, Ontario on May 25, 2016 in accordance with the procedures in the Meeting Order;

(Ð The Target CanadaEntities have achieved the required statutory "double majority" needed to approve the Amended Plan. The Affected Creditors holding Proven Claims that were present in person or by proxy and voting (or were deemed to vote) at the Creditors' Meeting voted unanimously to approve the Resolution in favour of the Amended Plan;

(g) Sanction of the Amended Plan is a crucial and necessary step toward the resolution of these CCAA proceedings;

(h) If the Amended Plan is sanctioned and the other conditions precedent to closing are satisfied or waived, the Amended Plan will:

(Ð complete the controlled and orderly wind down of the Target Canada Entities in a timely manner without costly litigation and delay;

(ii) effect a compromise, settlement and payment of all Proven Claims in the near term;

(iii) grant releases in favour of the Target CanadaEntities and others, including Target Corporation (other than in respect of the Landlord Guarantee Claims); and

(iv) comply with paragraph 194 of the Initial Order, the Claims Procedure Order and the Court's January 15 Endorsement.

(i) It is just and convenient and in the interests of the Target Canada Entities and their

stakeholders that the Sanction Order be granted;

0) There has been strict compliance with all statutory requirements;

(k) Nothing has been done or purported to be done that is not authorizedby the CCAA;

(l) The Amended Plan is fair and reasonable;

(m) The Monitor views the Amended Plan as fair and reasonable and supports this motion; -4- 4

Extension of Stay Period and Notice of Objection Bar Date

(n) The Initial Order granted a stay of proceedings until February 13,2015;

(o) The Court subsequently extended the Stay Period eight times - most recently, on April 13, 2016, the Court extended the Stay Period to June 6,2016;

(p) The Target Canada Entities have been acting and continue to act in good faith and with due diligence in these CCAA proceedings;

(q) It is just and convenient and in the interests of the Target Canada Entities and their respective stakeholders that the requested Order be granted and the Stay Period extended;

G) It is also proposed that the Court extend the Notice of Objection Bar Date to the Plan Implementation Date - and that the Notice of Objection Bar Date expire on the Plan Implementation Date - so that parties do not need to incur unnecessary expenses if the Amended Plan is sanctioned by the Court and implemented;

(Ð The proposed extension of the Stay Period is supported by the Monitor;

(t) The provisions of the CCAA and the inherent and equitable jurisdiction of this Honourable Court;

(u) Rule 1 .04, 1.05,2.03,3.02, 16 and 37 of the Ontario Rules of Civil Procedure, R.R.O. 1990, Reg. 194, as amended, and section 106 of the Ontario Courts of

Justice lcl, R.S.O. 1990, c. C.43, as amended; and

(v) Such further and other grounds as counsel may advise.

THE F'OLLOWING DOCUMENTARY EVIDENCE will be used at the hearing of the Motion:

(a) The Affrdavit of Mark J. Wong sworn }/ray 26, 2016 and the exhibits attached thereto; 5 5

(b) The Monitor's Twenty-Seventh Report (dated May 11,2016), Supplement to the Monitor's Twenty-Seventh Report (dated }i4ay 24, 2016) and Twenty-Eighth

Report (to be frled);

(d) Such further and other evidence as counsel may advise and this Honourable Court may permit.

i|l4ay 26,2016 osLER, HOSKIN & HARCOURT LLP Box 50, 1 First Canadian Place Toronto, Canada M5X 188

Tracy Sandler (LSUC #: 32443N) Jeremy Dacks (LSUC #: 4185lR) Shawn Irving (LSUC #: 50035U) Robert Carson (LSUC #:57364H)

Tel: (416) 362-2lII Fax: (416) 862-6666

Lawyers for the Applicants

TO: SERVICE LIST IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT,R.S.C. 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF TARGET CANADACO., et aI.

Applicants Court File No. CV- I 5- I 0832-00CL

ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)

PROCEEDING COMMENCED AT TORONTO

NOTICE OF MOTION

osLER, HOSKIN & HARCOURT LLP Box 50, I First Canadian Place Toronto, Canada M5X lB8

Tracy Sandler (LSUC #: 32443N) Jeremy Dacks (LSUC #: 4185lR) Shawn Irving (LSUC #: 50035U) Robert Carson (LSUC #:57364H)

Tel: (416) 362-2lll Fax: (416) 862-6666

Lawyers for the Applicants

MatterNo. 1159785

TAB 2

Court File No. CV-l5-10832-00CL

0ntarÍo SUPERIOR COURT OF JUSTICE COMMERCIAL LIST

IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF TARGET CANADA CO., TARGET CANADA HEALTH CO., TARGET CANADA MOBILE GP co., TARGET CANADA PHARMACY (BC) CORP., TARGET CANADA PHARMACY (ONTARIO) CORP., TARGET CANADA PHARMACY CORP., TARGET CANADA PHARMACY (SK) CORP., and TARGET CANADA PROPERTY LLC

APPLICANTS

AF'F'IDAVIT OF MARK J. \ilONG (Sworn ls[ay 26,2016)

(Sanction Hearing)

I, Mark J. Wong, of the City of Mississauga, in the Province of Ontario, General

Counsel and Secretary for the Applicant Target Canada Co. ("TCC"), MAKE OATH AND

SAY:

1. I am General Counsel and Secretary of TCC. I am a director and/or offrcer of each of the other Applicants. As such, I have personal knowledge of the matters deposed to herein.

Where I have relied on other sources for information, I have specifically referred to such sources and verily believe them to be true. In preparing this Affidavit, I consulted with legal advisors to

TCC and representatives of Alvarez & Marsal Canada Inc. (the "Monitor"). 1 8

2. I swear this Affrdavit in support of the Target Canada Entities' motion seeking an

Order sanctioning the Second Amended and Restated Joint Plan of Compromise and Anangement dated May 19,2016 (the "Amended Plan") and authorizing the Target Canada Entities and the

Monitor to implement it. A copy of the Amended Plan is attached as Exhibit "4".r

3. The Target Canada Entities, with the assistance of the Monitor and many others, have negotiated a global, consensual resolution to these CCAA proceedings that will complete the orderly wind down and maximize distributions to its creditors. The Target Canada Entities believe that the Amended Plan accomplishes these objectives, is fair and reasonable, and is the best available resolution in the circumstances. The Monitor, the Landlords and the Consultative

Committee of creditors support the Amended Plan.

4. The Creditors' Meeting was held on }l4ay 25,2016. The Target Canada Entities have achieved the required statutory "double majority" needed to approve the Amended Plan.

According to the Monitor's tabulation, the Affected Creditors holding Proven Claims that were present in person or by proxy and voting (or were deemed to vote) at the Creditors' Meeting voted unanimouslv to approve the Resolution in favour of the Amended Plan.

5. Based on updated information from the Monitor as at May 6,2016, and subject to the important caveats and limitations below,2 the expected recovery for Affected Creditors has increased to approximately 7lo/o to 80o/o of Affected Claims that are Proven Claims. This is an

Capitalized terms that are not otherwise defrned in this Affidavit have the meaning given to them in the Amended Plan.

2 These expected recoveries are subject to those important assumptions and qualifications set out in certain ofthe Monitor's reports, including the Monitor's Twenty-Third, Twenty-Sixth and Twenty-seventh Reports and in the Meeting Order Affidavit (defined below). -3- 9 increase of approximately 2o/o to 3o/o since the Meeting Order was granted, primarily due to the resolution of several large Claims.

6. If the Amended Plan is sanctioned and the closing conditions are satisfied, the implementation of the Amended Plan will complete the orderly wind down of the Target Canada

Entities and resolve these CCAA proceedings.

Background 7. The background to, and mechanics of the Amended Plan, are described in my

Affidavit sworn April 6, 2016 (the "Meeting Order Affïdavit"). A copy of the Meeting Order

Affidavit, without exhibits, is attached as Exhibit "B".

8. When I swore the Meeting Order Affidavit, several large Claims had not been finalized for distribution purposes. The Monitor, in consultation with the Target Canada Entities, has continued to work diligently to resolve those Claims - and has successfully resolved the majority of the large Claims filed in the Claims Process. The two largest categories of Claims that remain unresolved are:

(a) The CRA Claims: The Canada Revenue Agency (the "CRÄ") filed Claims for

unliquidated or unknown amounts. Representatives of the Target Canada Entities

and the Monitor have had frequent discussions with the CRA and the Department

of Justice with respect to these Claims, in an effort to reach a resolution on a frnal

amount for each Claim. The Monitor has filed the Supplemental Report to the

Twenty-Seventh Report of the Monitor, which outlines the current results of this

effort. The Monitor concludes that based on guidance provided by the CRA -4- l0

(based on current information), the CRA Claims will not have a materially

negative impact on the recoveries under the Amended Plan. This guidance

includes }l4ay 20, 2016, letters sent by the CRA to the Target Canada Entities

summarizing and proposing certain adjustments to corporate income tax returns as

filed by the Target Canada Entities, together with additional proposed

assessments of tax, for all periods other than the 2015 and20l6 taxation years of

the applicable Target Canada Entities.

The Target Canada Entities have also received guidance from the CRA regarding

the tax position of a Target Canada Entity for the 2015 taxation year, based on

submissions made to the CRA, and also the provision of a draft tax return.

Finally, the CRA has indicated that it will release TCC from certain derivative

liabilities it may have had for tax liabilities of affiliates of TCC that are not Target

Canada Entities, when such taxes are paid or when acceptable security is provided

for such amounts on behalf of such affiliates. Target Corporation has indicated

that it will pay, cause to be paid, post security or cause security to be posted in

respect of these derivative liabilities. The discussions between representatives of

the Target Canada Entities and the Monitor and the CRA and the Department of

Justice with respect to the CRA Claims, to both resolve any Claims for the 2015

and2016 taxation years, and further resolve (i.e., reduce) the May 20,2016 letter

Claims for prior periods, are ongoing.

(b) The Pharmacist Franchisees' Claims: On May 3,2016, the Claims Offrcer issued

an order that, inter alia, rcsolved the tist of the common issues applicable to the -5- 11

determination of the pharmacist franchisees' Claims, and set a two-stage process

for resolving common issues between the parties. The schedule will see the

parties argue the agreed threshold issues as the first stage before the Claims

Officer during the week of June 6,2016.

9. The Monitor, in consultation with the Target Canada Entities, is continuing to work to resolve all other unresolved Claims.

The Amended Plan

10. The mechanics and effect of the Amended Plan are described in detail in the

Meeting Order Aff,rdavit and will not be repeated herein, except in summary. In accordance with the Amended Plan:

(a) The Target Canada Entities will use all of their cash - together with cash

contributed by Target Corporation - to establish the applicable cash pools and

cash reserves.

(b) The majority of the Intercompany Claims, including Propco's Intercompany

Claim against TCC, will be subordinated.3

described below.

In addition, in accordance with the Amended Plan, Target Corporation will re-contribute to TCC some of the funds that Target Corporation would otherwise have been paid from Intercompany Claims against propco. -6- T2

(d) The Target Canada Entities and others, including Target Corporation, will be

granted releases, as described below.

(e) All CCAA Chargesa will be discharged, except for the Directors' Charge and

Administration Charge.

(Ð The Target Canada Entities will transfer the remaining IP Assets to Target

Corporation's designee and the Pharmacy Shares to the pharmacy purchaser.

(g) The Employee Trust will be terminated and any surplus funds returned to Target

Corporation.

11' If this Court sanctions the Amended Plan, the Plan Implementation Date will be the date on which all conditions precedent are satisfied or, if permitted, waived.s The Target

Canada Entities are currently targeting June 28, 2016 as the Plan Implementation Date and July

6,2016 as the Initial Distribution Date.

12. On May 19,2016, the Target Canada Entities, with the consent of the Monitor and the Plan Sponsor, made several minor Plan Modifications that are of a technical and administrative nature. The Consultative Committee was consulted with respect to the plan

Modifications. On May 19, 2016, the Target Canada Entities notified the Service List of these

4 These include the Financial Advisor Subordinated Charge, the KERP Charge, the DIp Lender's Charge and the Liquidation Agent's Charge and Security Interest. The Directors' Charle and Administration Cñarge will continue to attach against the Propco Cash Pool, the TCC Cash Pool, and thã Cash Reserves. 5 The Amended Plan, the Landlord Guarantee Creditor Settlement Agreement, and the Landlord Non-Guarantee Creditor Consent and Support Agreements each require that the Plan Implementation Date occur within seven days from the date on which the sanction and vesting order becomes a Final order. -7 - 13

Plan Modifications and the Monitor posted a copy of the Plan Modifications on its website. The

Plan Modifications are :

(a) Section 1.1: The Initial Distribution Date will occur withinfive (rather than two)

Business Days after the Plan Implementation Date. After discussions with TCC's

banks, the Monitor and others, it became clear that this brief extension is needed

to ensure orderly and accurate initial distributions.

(b) Article 5: To provide for flexibility in making distributions, TCC will have the

option to make distributions by wire transfer.

Approval and Vesting Order to vest all, right, title and interest in the Pharmacy

Shares in the Pharmacy Purchaser (rather than including such vesting in the

Sanction and Vesting Order for the Amended Plan). The draft Order will be

included in a separate motion record.

(d) Section 7.1(b): The Amended Plan has been clarified to provide for a release of

affrliates of the Monitor.

(e) Section 8.2(x): The Administration Charge and the Directors' Charge - which will continue during the pendency of the Plan in accordance with Section 6.3(9) -

will be released upon delivery of the Monitor's plan Completion Certificate.

(Ð Schedule B: The schedule of domain names was updated to add one omitted

domain name and to delete three domain names due to lapsed registrations. -8- t4

13. A blackline comparison showing the changes is attached as Exhibit "C" to this

Affidavit. As these are discrete changes, we have only attached the sections of the Amended Plan that have changed.

Distributions under the Amended PIan (a) Inítiøl Distríbutíons

14. On the Initial Distribution Date, TCC will make the following distributions to creditors from the applicable cash pools in accordance with the Amended Plan:6

Creditor Type Distribution Propco Unaffected Creditors Proven Claims against Propco (other than Intercompany Claimants)

Property LP Unaffected Creditors Proven Claims against Property LP

Intercompany Claims against Propco Pro Rata Shares of Propco's residual Cash in partial satisfaction of these Intercompany Claims

TCC Unaffected Creditors Proven Secured Claims and Cash Management Claims Convenience Class Creditors Convenience Class Claims

Landlord Guarantee Creditors Landlord Guarantee Creditor Base Claim AmountsT and Landlord Guarantee Enhancement Amountss Non-Landlord Guarantee Creditors Landlord Non-Guarantee Creditor Equalization Amounts (in addition to the distributions for Proven Claims)

Affected Creditors with Proven Claims Pro Rata Shares of the Cash in the TCC Cash Pool Account (other than Convenience Class Creditors (after distributing TCC Unaffected Creditor Claims and and Landlord Guarantee Creditors) Convenience Class Claims)

(b) Subsequent DÍstríbutìons

15. A small number of Claims will likely not be finally determined for distribution purposes on the Initial Distribution Date. The Amended Plan therefore requires that TCC

6 The distribution mechanics are described in the Meeting Order Affidavitatparagraphs 57 to 67

7 As agreed between each Landlord Guarantee Creditor, TCC and the Monitor.

8 As agreed between Target corporation and each Landlord Guarantee creditor. 15 -9 - maintain disputed claims reserves - one for disputed Claims of Propco Unaffected Creditors and

Property LP Unaffected Creditors, and another for Disputed Claims of all other Affected

Creditors - for eventual distribution in accordance with the Amended Plan. The Amended Plan provides that no distributions will be made with respect to all or any portion of a Disputed Claim unless and only to the extent that such Disputed Claim has become a Proven Claim.

16. If a disputed Claim becomes a Proven Claim in whole or in part, then TCC will make distributions to the applicable Creditors in accordance with the Plan.e These subsequent distributions will occur on dates determined by the Monitor.

17. TCC will deduct, withhold and remit from any distribution such amounts as are required by applicable law, including the Income Tax Act (Canada), for payment to the applicable Taxing Authority (e.g., the CRA). In some circumstances, as required by applicable law, payments made to non-residents of Canada pursuant to the Amended Plan will be paid net of applicable withholding taxes.

Releases under the Amended Plan 18. Article 7.1 of the Amended Plan provides that various parties will receive releases, as summarized below, except in respect of their obligations under the Amended Plan and certain related agreements. The Sanction and Vesting Order that the Target Canada Entities are seeking would enjoin the prosecution of, inter alia, any claim released, discharged, compromised or terminated pursuant to the Amended Plan.

9 These distributions are described in the Meeting order Affidavit at paragraphs 59,63 &.64. -10- I6

19. The Released Parties have been essential, and have contributed in tangible and material ways, to the orderly wind down of the Target Canada Entities' businesses. Moreover, without the releases in the Amended Plan, it is unlikely that certain of the Released Parties would have been prepared to support the Amended Plan. The releases are a significant part of the various compromises that were required to achieve the Amended Plan, in recognition of the contributions that such Released Parties have made, and are a necessary element of the global, consensual resolution to these CCAA proceedings.

(a) The Target Canada Entítíes, the Monitor and Others

20. Sections 7.1(a) and (b) of the Amended Plan provide that on the Plan

Implementation Date, the following parties will be released and discharged from, inter alia, any claims that any Person may be entitled to assert that are in any way relating to the Claims, the

Business, the Amended Plan, the CCAA Proceedings, or any Claim that has been barred or extinguished by the Claims Procedure Order:

(a) the Target Canada Entities, NEl, the Monitor, A&M, and their respective

directors, officers, current and former employees, advisors, legal counsel and

agents (including the Liquidation Agent, Lazard and Northwest), and

(b) Pharmacists' Representative Counsel, the Consultative Committee Members, and

counsel to the Directors.

21. Section 7.1(d) provides that upon the delivery of the Employee Trust Termination

Certificate, the following parties will receive substantially the same release that is described in the previous paragraph: t7 - 11 -

(a) the Employee Trust Administrator and its current and former directors, officers

and employees, the Employee Trust Trustee, Employee Representative Counsel,

the Employee Representatives and all of their respective advisors, legal counsel

and agents.

(b) Tørget Corporation, the HBC Entitíes and Others

22. Section 7.I(c) provides that on the Plan Implementation Date, the Plan Sponsor, the Plan Sponsor Subsidiaries, the HBC Entities and their current and former directors, officers and employees and their respective advisors, legal counsel and agents will be released and discharged from, inter alia, any claims or proceedings which any Person (excluding a Landlord

Guarantee Creditor in respect of its Landlord Guarantee Claim) may be entitled to assert that are in any way relating to the Claims, the Business, the Amended Plan, the CCAA Proceedings, or any Claim that has been barred or extinguished by the Claims Procedure Order. None of these

"Plan Sponsor Released Parties" will be released by the Amended Plan from Landlord Guarantee

Claims.ro Nor will Target Corporation be released under the Amended Plan from any indemnity or guarantee in favour of any Director, Officer or employee.

23. The Target Canada Entities believe that this release of the Plan Sponsor and others is necessary and justified by the many significant contributions that Target Corporation has made in these CCAA proceedings and will make if the Amended Plan is sanctioned and implemented. These will collectively include, inter alia;

l0 Instead, as described in the Meeting Order Affidavit, the Landlord Guarantee Creditors have agreed to contractually release Target Corporation and others from the Landlord Guarantee Claims outsidé of the Amended Plan pursuant to the Landlord Guarantee Creditor Settlement Agreement. -t2- 18

(a) subordinating (or permitting the subordination of), inter alia, the following

Intercompany Claims against TCC:"

(i) the NEl Intercompany Claim which was filed against TCC in an amount

of $3,068,7291438 (and not adjusted by the Monitor in the Intercompany

Claims Report);

(iÐ the Propco Intercompany claim which was filed against TCC in an

amount of $1,911,4941242 (and proposed to be adjusted downwards by the

Monitor in the Intercompany Claims Report to an amount of

$1,356,756,051)

(iiÐ the Propco (Pre-filing TCC) Intercompany Claim which was filed against

TCC in a net¡2 amount of 5271254,109 (and proposed to be adjusted

upwards by the Monitor in the Intercompany claims Report to a net

amount of 5341232,528); and

(iv) the Propco (Post-filing TCC) Intercompany Claim which was filed against

TCC in a netr3 amount of $37,347,552 (and proposed to be adjusted

downwards by the Monitor in the Intercompany Claims Report to a net

amount of $36,559,823);

il Based on information from the Monitor as at April 7, 2016, it is estimated that the subordination of the Subordinated Intercompany Claims (not including the NEI Intercompany Claim) will have a direct economic benefit of approximately $375 million to the Affected Creditors. The Affected Creditors include related parties in respect of Intercompany Claims in the amount of approximately $l3l million, which are not being subordinated. The Monitor's estimate uses the approximate mid-point of recovery ranges as at April 1,2016 aná is subject to the important assumptions and qualifications set out in certain ôf tnõ prior Mónitor;s reports, including the Monitor's Twenty-Third Report. t2 I.e., after netting the TCC (Pre-filing propco) Intercompany Claim. -13- t9

(b) partially subordinating (or permitting the subordination of¡ various other

Intercompany Claims in accordance with the Amended plan;

Landlord Guarantee Enhancement Amount and foregone recovery on any

subrogated claim in respect of such amount;

(d) a net cash contribution of approximately $4.1 million to fund the Landlord Non-

Guarantee Creditor Equalization Amount;

(e) a cash contribution of $700,000 towards costs of certain Landlord Guarantee

Creditors;

(Ð funding the Employee Trust in the amount of $9S million;

(g) making available DIP financing to TCC to allow TCC to meet payroll and other

obligations; and

(h) providing ongoing shared services to facilitate the orderly wind down for which

Target Corporation will not be fully compensated.

24. The Target Canada Entities believe that Target Corporation's involvement as plan

Sponsor, and the resulting release, is essential to achieving a successfill Plan because Target

Corporation's contributions will significantly enhance recoveries of the Affected Creditors, will prevent litigation, and will enable timely distributions.

l3 I.e., after netting the TCC (post-filing propco) Intercompany Claim. -14- 20

Conditions Precedent

25- The implementation of the Amended Plan is conditional upon the fulfilment or waiver, where applicable, of various conditions precedent. The Target Canada Entities' current expectation is that all conditions precedent will have been satisfied or waived by the anticipated

Plan Implementation Date of June28,2016. The conditions precedent include, inter alia:

(a) the Landlord Guarantee Creditor Settlement Agreement and each of the Landlord

Non-Guarantee Creditor Consent and Support Agreements shall be in full force

and effect;

the (b) Meeting Order shall have been granted by the Court and shall have become a

Final Order;

(d) the Target Canada Entities shall have satisfied their respective post-Filing Trade

Payables in the ordinary course or provision shall have been made in respect

thereof in the Administrative Reserve to the satisfaction of the Monitor;

material (e) all consents or approvals of or by any Govemmental Authority as may be

considered necessary by the Target Canada Entities, the Plan Sponsor and the

Monitor in respect of the Plan Transaction Steps shall have been obtained;

(Ð the Plan shall have been approved by the Required Majority of the Affected

Creditors forming the Unsecured Creditors' Class at the Creditors' Meeting;

(g) the Sanction and Vesting Order shall have been granted by the Court by June 6,

2016, or such later date as shall be acceptable to TCC, in consultation with the -15- 2t

Monitor, in form satisfactory to the Target Canada Entities, the Plan Sponsor and

the Monitor, and shall have become a Final Order; and

(h) the Plan Implementation Date shall have occurred by the date that is seven days

from the date on which the Sanction and Vesting Order becomes a Final Order,

which in no event shall be later than July 29,2016.

Mailing of the Meeting Notice and Meeting Materials

26. To the knowledge of the Target Canada Entities, the Target CanadaEntities and

the Monitor have complied with all of the requirements in the Meeting Order to disseminate

materials conceming the Amended Plan and the Creditors' Meeting to the Affected Creditors and

all other interested persons.

27 am ' I advised by the Monitor that it caused copies of the Meeting Materials to be

sent to each Affected Creditor and posted on the Monitor's website,ra and published notice of the Creditors' Meeting in The Globe and Mail (National Edition), La Presse and, The llall Street

Journal.ts

28' The Meeting Materials included Target Canada's letter to creditors - a copy of which is attached as Exhibit '(DÐ -which provided an overview of the Amended plan.

l4 pril 15,2016 The Meeting Election, the l5 They were published in The Globe and Mail and rhe watt street Journal on April 20 and 26,2016, and in La Presse on April 23 and30,2016. -16- 22

29. I am advised by the Monitor that it also facilitated the delivery of a letter from the

66E" Consultative Committee - a copy of which is attached as Exhibit - to Affected Creditors and posted the letter on the Monitor's website. The letter states that the Consultative Committee supports the Amended Plan and recommends that creditors vote in favour of it.

The Greditors'Meeting

30. The Creditors' Meeting was held on May 25,2016 atthe Toronto Board of Trade in Toronto, Ontario. In accordance with the Meeting Order, Mr. Doug Mclntosh of the Monitor acted as the Chair. Other representatives of the Monitor acted as scrutineers.

31. Each Affected Creditor was permitted to attend the Creditors' Meeting in person or appoint another person to attend as proxyholder. I am advised by the Monitor that the quorum requirement was satisfied.16 The Chair declared that the meeting was properly constituted.

32. I am advised by the Monitor that the Required MajorityrT voted in favour of the

Resolution and therefore approved the Amended Plan. According to the Monitor's tabulation, 1246 Affected Creditors representing approximately $554 million in value voted (or were deemed pursuant to vote to the Meeting Order) at the Creditors' Meeting. I am advised by the Monitor that' before this motion is heard, the Monitor will deliver a report describing the conduct and the outcome of the Creditors' Meeting.

6 The Meeting order provided that the quorum was one Affected creditor with a voting claim present in person or by Proxy. t7 n be approved ting at s, whose Affec of the o validly vote at the on the Resolut -17 - 23

Vesting of lP Assets 33. The Amended Plan provides that the IP Assets will be transfened and assigned on the Plan Implementation Date, and will be vested in Target Corporation's designees's (3293849

Nova Scotia Company or Target Brands Inc., as applicable) free and clear of any Encumbrances.

The IP Assets consist entirely of the domain names listed at Schedule "B" of the Amended

Plan.re I am advised by Andrea Lockhart of Osler, Hoskin & Harcourt LLP that updated PPSA searches were run on May 16, 2016 and, to the best of their knowledge, there are no liens, charges or encumbrances against the IP Assets other than: (i) the Court-ordered charges; and (ii) a registration that was made by the Ministry of Finance (Ontario) against all assets of TCC after the commencement of these CCAA proceedings. Accordingly, beyond the Service List, the only entity that will be served with notice of this motion is the Ministry of Finance (Ontario).

Plan Sanction

34. The Amended Plan is the result of the Target Canacla Entities' extensive negotiation andlor consultation with many stakeholders over many months. The Target Canada

Entities sought to achieve a fafu and reasonable balance between all Affected Creditors. Each of the Monitor, the Landlords and the Consultative Committee of creditors provided input on the drafting and development of the Amended Plan - and each supports the Amended Plan. As set out in the Monitor's Twenty-Seventh Report, the Monitor views the Amended Plan as fair and reasonable.

t8 As stated in the Amended Plan, this is in parlial consideration for the Plan Sponsor contributing to the Landlord Guarantee Enhancement Cash Pool and the Plan Sponsor's subordination of the Subor¿inated Intercompany Claims and the re-contribution of the Property LP (Propco) Intercompany Claim in excess of the Contributed Claim Amount. l9 As described in the Twenty-Seventh Report of the Monitor, a third party valuation firm engaged by the Monitor indicated that the domain names have an approximate aggregate value of not greater than $-SO]OOO. -18- 24

35. The Amended Plan presents significant benefrts to the Target Canada Entities'

stakeholders, including that it will result in significant, timely recoveries without costly litigation and delay. The Target Canada Entities believe that all stakeholders will benefit more from the implementation of the Amended Plan than from a bankruptcy.

36. The faimess and reasonableness of the Amended Plan is shown by the Affected

Creditors' overwhelming, unanimous approval at the Creditors' Meeting. This reinforces the

Target Canada Entities' belief that the Amended Plan is the most reasonable and fair resolution in these circumstances.

37. Throughout the course of this CCAA proceeding, the Target CanadaEntities have acted in good faith and with due diligence. The Amended Plan complies with the requirements under the CCAA and the Orders of this Court. The Target Canada Entities believe that the sanction of this Amended Plan is fair and reasonable.

Extending the Notice of Objection Bar Date

38. On April 13,2016, the Court extended the Notice of Objection Bar Date2o to 28 days following June 6,2016 or such later date as the Court may Order. As the Amended plan, if sanctioned and implemented, will resolve all issues related to Intercompany Claims, the draft

Sanction and Vesting Order seeks to extend the Notice of Objection Bar Date to the plan

Implementation Date. This extension will avoid the need for parties to incur costs that may ultimately be unnecessary.

20 The Notice of Objection Bar Date is the deadline in the Claims Procedure order by which any Claimant may, inter alia, file objections including in respect of the Intercompany Claims set out in ihe Monitoi's tntercompany Claims Report by filing a Notice of Objection with the Monitor. -19- 25

Stay Extension 39. The Target Canada Entities are seeking to extend the Stay Period (as defined in paragraph 17 of the Initial Order) up to and including September 23,2016.I am advised by the

Monitor that the Target Canada Entities have sufficient cash resources to meet their post-frling obligations beyond that date. I understand that the Monitor will file an updated cash position with the Court prior to the hearing of this motion.

40. I believe that the Target Canada Entities have acted, and continue to act, in good faith and with due diligence in pursuing the controlled and orderly wind down of their businesses. I am informed by the Monitor that it supports the request to extend the Stay Period to

September 23,2016.

SV/ORN BEFORE ME at the City of Mississauga, on the 26'h day of May, 2016.

J. V/ong

for taking Affrdavits 26

SCHEDULE A

Partnerships

1 Target CanadaPharmacy Franchising LP

2. Target Canada Mobile LP a J. Target Canada Property LP