NOTICE OF STATEMENT OF RECEIVER (Subsections 245(1) and 246(1) of the Act)

IN THE MATTER OF THE RECEIVERSHIP OF MORRIS SALES AND SERVICE LTD.

The receiver gives notice and declares that:

1. On March 26, 2021, the Court of Queen’s Bench for Saskatchewan (the “Court”) granted an Order (the “Receivership Order”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3 (the “BIA”), and sections 13(2) of the Judicature Act, R.S.A. 2000, c.J- 2, 99(a) of the Business Corporations Act, R.S.A. 2000, c.B-9, and 65(7) of the Personal Property Security Act, R.S.A. 2000, c.P-7, whereby Alvarez and Marsal Inc. (“A&M”) was appointed Receiver, without security, of all of Morris Sales and Service Ltd.’s (“MSS” or the “Debtor”) current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property”).

2. Since January 8, 2020, MSS has been in creditor protection pursuant to the Companies’ Creditors Arrangement Act (“CCAA”) and the CCAA proceedings were terminated on March 26, 2021. A&M was the court-appointed monitor (the “Monitor”) in the CCAA Proceedings and was discharged as the Monitor when the CCAA was terminated. During the CCAA proceedings, the Company, with the approval of the Court, sold all of its assets to a third party. The main purpose of the Receiver’s appointment is to carry-out the remaining duties and other matters of the Monitor not completed in the CCAA. On the same day, after the Receivership Order was granted, the Court adjudged MUSA bankrupt by order (the “Bankruptcy Order”) of the Court. A&M was also appointed as the Licensed Insolvency Trustee (the “Trustee”) of the Debtor pursuant to the Bankruptcy Order, subject to affirmation by the creditors of the Trustee’s appointment or substitution of another trustee by the creditors of the Debtor.

3. The Receiver understands that there are no remaining assets within MSS.

4. A&M was appointed as Receiver in respect of the Property described above by virtue of the Receivership Order, a copy of which may be found on the Receiver’s website at: www.alvarezandmarsal.com/morris.

5. Upon receiving the Receivership Order, the Receiver took possession and control of the Property described above on March 26, 2021.

6. The following information relates to the receivership:

a) Civic Address: 2131 Airport Drive, S7L 7E1

b) Principal line of business: MSS’s principal business activity is the selling of machinery, parts and services for the agricultural industry.

c) Location of business: Saskatoon, Saskatchewan

7. Amounts owed by the Debtor to each creditor, according to books and records as at March 26, 2021 are shown below:

Outstanding Amount

Secured creditors (see attached listing) 8,186,324.21 Unsecured creditors (see attached listing) 244,851.53 Total $8,431,175.74

8. The Receiver’s contact information is: Alvarez & Marsal Canada Inc. Suite 1110, 250 6th Ave SW Calgary, AB T2P 3H7 Telephone: (403) 538-7555 Facsimile: (403) 538-7551

Attention: Mr. Chad Artem Email: [email protected]

Attention: Mr. David Williams Email: [email protected]

Dated at Calgary, Alberta this 31st day of March, 2021.

Alvarez & Marsal Canada Inc., in its capacity as the Court Appointed Receiver of Morris Sales and Service Ltd., and not in its personal or corporate capacity

Orest Konowalchuk, CPA, CA, CIRP, LIT Senior Vice President

Enclosure IN THE MATTER OF THE RECEIVERSHIP OF MORRIS SALES AND SERVICES LTD. (the "Debtor") Preliminary List of Creditors as at March 26, 2021, as submitted by the Debtor without admission as to any Liabilities or Privilge Herein Shown

Province/ Secured Creditors Address City Postal Code Country Amount Oustanding State Bank of Montreal (Contour Realty Inc. guarantee) Corporate Finance, Prairies Division, 350 – 7th Ave SW, 9th Floor Calgary AB T2P 3N9 Canada 1,669,072.38 Buhler Trading Inc. 1260 CLARENCE AVE MB R3T 1T2 Canada 428,755.45 De Lage Landen 3450 Superior Court, Unit 1 Oakville ON L6L 0C4 Canada 1,954,180.32 Farm Credit Canada (Contour Realty Inc. guarantee) 2400 2322 9th Avenue PO Box 937 Humbolt SK S0K 2A0 Canada 1,872,874.62 Kubota Canada Ltd. 5900 – 14th Avenue Markham ON L3S 4K4 Canada 1,825,403.00 Schulte Industires Ltd. Box 70 Englefield SK S0K 1N0 Canada 1.00 Wells Fargo Commercial Distribution Finance 1290 Central Pkwy W, Suite 1100 Mississauga ON L5C 4R3 Canada 436,036.44 Westward Parts Services Ltd. 1435 St. James Street Winnipeg MB R3H 0W9 Canada 1.00 Total Secured Creditors $ 8,186,324.21

Province/ Unsecured Creditors Address City Postal Code Country Amount Oustanding State 4655703 LTD. dba VAN L EQUIPMENT BOX 247 RESTON MB R0M 1X0 Canada 27,100.77 7121326 MB LTD 643 HODDINOTT RD, EAST ST. PAUL MB R2E 0H7 Canada 154.62 A & I PRODUCTS BOX 820 ALTONA MB R0G 0B0 Canada 3,408.92 AG GROWTH INTERNATIONAL INC. 201 INDUSTRIAL DRIVE SWIFT CURRENT SK S9H 4J8 Canada 658.35 AG SHIELD MFG P.O. BOX 9 BENITO MB R0L 0C0 Canada 5,445.42 ALLISON, GORDON G Canada 1.00 ATOM JET INDUSTRIES (2002) LTD. 2110 PARK AVENUE BRANDON MB R7B 0R9 Canada 695.36 BAJUS, BEN B Canada 1.00 BLACK PRESS GROUP LTD. P.O. BOX 1800 ABBOTSFORD BC V2S 4P4 Canada 850.50 BLAINE HARDER P.O. BOX 3 RR#2 MINNEDOSA MB R0J 1E0 Canada 4,110.75 Bohrn, Stan Canada 1.00 BRIDGEVIEW MFG P.O. BOX 4 GERALD SK S0A 1B0 Canada 156.04 CANADA REVENUE AGENCY 9755 KING GEORGE BOULEVARD SURREY BC V3T 5E1 Canada 1.00 CANADIAN LINEN & UNIFORM SERVICE 1860 KING EDWARD ST. WINNIPEG MB R2R 0N2 Canada 736.63 CONVEY ALL INDUSTRIES INC. 130 CANADA STREET WINKLER MB R6W 0J3 Canada 51.71 CR AG VENTURES LTD. P.O. BOX 331 ELKHORN MB R0M 0N0 Canada 1,050.00 CUMMINS WESTERN CANADA P.O. BOX 2521 STN M CALGARY AB T2P 0T6 Canada 497.94 DALE MCCONNELL P.O. BOX 629 HAMIOTA MB R0M 0T0 Canada 500.00 DAVE MCMILLAN DIESEL INJECTION SERVICE 350 PARK AVENUE EAST BRANDON MB R7A 7A7 Canada 4.45 DEGELMAN INDUSTRIES LTD. BOX 830 REGINA SK S4P 3B1 Canada 84.03 DESJARDINS P.O. BOX 8601 MONTREAL QC H3C 3V2 Canada 2.22 DIANNE HAYWARD BOX 629 VIRDEN MB R0M 2C0 Canada 200.00 DMT DEVELOPMENT SYSTEMS GROUP INC. 500 - ONE RESEARCH ROAD WINNIPEG MB R3T 6E3 Canada 1,215.88 DOUBLE "R" FARM EQUIPMENT LTD. 270 PTH 12N STEINBACH MB R5G 1T6 Canada 6,721.58 Draper, Steve Canada 1.00 DUTCH INDUSTRIES P.O. BOX 568 PILOT BUTTE SK S0G 3Z0 Canada 2,071.91 ENNS BROTHERS LTD. 310-400 FT. WHYTE WAY OAK BLUFF MB R4G 0B1 Canada 208.66 ERIC FEILBERG BOX 5 EAST BRAINTREE MB ROE 0L0 Canada 9,850.00 FARMTRONICS LTD. 380 HENDERSON DRIVE REGINA SK S4N 5W9 Canada 76.69 FOUNTAIN TIRE (VIRDEN) LTD. BOX 2440 VIRDEN MB R0M 2C0 Canada 757.39 GABER DISTRIBUTORS BOX 1090 ROBLIN MB R0L 1P0 Canada 394.08 GARDEWINE GROUP LP 60 EAGLE DRIVE WINNIPEG MB R2R 1V5 Canada 816.49 GATCO P.O. BOX 515 SWIFT CURRENT SK S9H 3W3 Canada 1,116.75 HAMIOTA MUNICIPALITY BOX 100 HAMIOTA MB R0M 0T0 Canada 384.86 HARWOOD ENTERPRISES LTD. P.O. BOX 117 VIRDEN MB R0M 2C0 Canada 839.90 Hayward, Diane Canada 1.00 HONEY BEE MANUFACTURING. LTD. BOX 120 FRONTIER SK S0N 0W0 Canada 68.55 HORST WELDING RR#3 LISTOWEL ON N4W 3G8 Canada 2,222.41 Hunter, Trevis Canada 1.00 IMPERIAL OIL BOX 1700 DON MILLS ON M3C 4J4 Canada 4,725.63 JUANITA UNRAU P.O. BOX 2663 VIRDEN MB R0M 2C0 Canada 1,693.56 KLASSEN WATER & ICE P.O. BOX 820 VIRDEN MB R0M 2C0 Canada 11.00 KRAMBLE INDUSTRIES INC. 20-3924 BRODSKY AVE. SASKATOON SK S7P 0C9 Canada 1,325.51 LITTLE CREEK LIVESTOCK & WELDING P.O. BOX 2 KOLA MB R0M 1B0 Canada 126.34 LORRAS DISPOSAL SERVICES LTD. (SOUTH) 805 - 47TH ST E SASKATOON SK S7K 8G7 Canada 58.64 MANITOBA BISON ASSOCIATION P.O. BOX 288 PIERSON MB R0M 1S0 Canada 125.00 MANITOBA HYDRO BOX 7900 STN MAIN WINNIPEG MB R3C 5R1 Canada 1,675.70 McKenzie, Wayne Canada 1.00 MERIDIAN MANUFACTURING INC. BOX 1996 REGINA SK S4P 3E1 Canada 8.76 MOTION INDUSTRIES, INC. P.O. BOX 9165 CALGARY AB T2P 5E1 Canada 2,248.93 MY PHONE INC. PO Box 2938 Virden MB K0M 2C0 Canada 45.01 OFFICEMAX GRAND & TOY P.O. BOX 5500 DON MILLS ON M3C 3L5 Canada 326.73 PETER DOWNEY PO BOX 11 COULTER MB R0M 0G0 Canada 187.95 PISTON RING 315 KING ST. E. VIRDEN MB R0M 2C0 Canada 149.76 PITNEY BOWES P.O. BOX 278 ORANGEVILLE ON L9W 4Z5 Canada 1,256.07 PRAIRIE NEWSPAPER GROUP - VIRDEN EMPIRE ADVANCE 3355 GRANDVIEW HIGHWAY VANCOUVER BC V5M 1Z5 Canada 498.32 PRAXAIR DISTRIBUTION P.O. BOX 2531 STATION M CALGARY AB T2P 0S6 Canada 142.85 PUROLATOR INC. P.O. BOX 4800 STN MAIN CONCORD ON L4K 0K1 Canada 770.00 RFNOW INC. P.O. BOX 639 VIRDEN MB R0M 2C0 Canada 173.55 RM OF WALLACE-WOODWORTH 154023 PR 257 VIRDEN MB R0M 2C0 Canada 1,964.01 RODONO INDUSTRIES LTD. RR#1 CLIVE AB T0C 0Y0 Canada 271.88 ROSS ROWAN BOX 63 MB R0M 1N0 Canada 25.03 SCHULTE INDUSTRIES LTD. BOX 70 ENGLEFELD SK S0K 1N0 Canada 99,509.82 SCOTSMUN STEEL LTD. BOX 2429 VIRDEN MB R0M 2C0 Canada 29.41 TERRACAB IND. 300 ROUTE 100 MORDEN MB R6M 1Y4 Canada 154.90 TIDE INDUSTRIES P.O. BOX 549 ESTEVAN SK S4Z 2A5 Canada 857.59 TIRE STEWARDSHIP MANITOBA 1791 DUBLIN AVENUE WINNIPEG MB R3H 1A9 Canada 1,534.07 TOWN OF VIRDEN BOX 310 VIRDEN MB R0M 2C0 Canada 34.56 TRANS CANADA BEARING & MACHINE LTD. BOX 1692, VIRDEN, MB R0M 2C0 VIRDEN MB R0M 2C0 Canada 1,390.26 TUNDRA OIL AND GAS LTD 1700 ONE LOMBARD PLACE WINNIPEG MB R3B 0X3 Canada 234.76 VAN HOUTTE COFFEE SERVICES INC. 8215-17th AVE. MONTREAL QC H1Z 4J9 Canada 294.90 VIRDEN & DISTRICT 4-H FAT STOCK ASSOC. P.O. BOX 850 VIRDEN MB R0M 2C0 Canada 100.00 VIRDEN HOME CENTRE LTD. BOX 1477 VIRDEN MB R0M 2C0 Canada 31.03 VIRDEN INDOOR RODEO & WILD WEST DAZE BOX 1886 VIRDEN MB R0M 2C0 Canada 600.00 VIRDEN OILERS BASEBALL CLUB P.O. BOX 2168 VIRDEN MB R0M 2C0 Canada 300.00 VIRDEN TRUCK & TRAILER lTD. P.O. BO X149 VIRDEN MB R0M 2C0 Canada 1,716.07 WESTMAN RADIO LTD. 624-14TH STREET EAST BRANDON MB R7A 7E1 Canada 296.10 WESTWARD PARTS SERVICES LTD. 6517-67 STREET RED DEER AB T4P 1A3 Canada 47,103.07 WHEATHEART BOX 39 ROSENORT MB R0G 1W0 Canada 393.90 Total Unsecured Creditors $ 244,851.53