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

IN THE MATTER OF THE RECEIVERSHIP OF 1324206 LTD.

The receiver gives notice and declares that:

1. On Wednesday, November 13, 2013, Alvarez & Marsal Canada Inc. became the Court- appointed receiver (the “Receiver”) in respect of all of the property of 1324206 Alberta Ltd. (also referred to as, “Whitemud Heights”), an insolvent person, including but not limited to the following property:

Estimated Book Value

Land and building (Capitalized Costs) $ 31,828,900.21

Note: Realizable values may materially differ from the above.

2. Alvarez & Marsal Canada Inc. became the Receiver in respect of the property described above by virtue of an Order of the Court of Queen’s Bench of Alberta dated November 13, 2013 (the “Appointment Order”). For a copy of the Appointment Order, it may be found on the Receiver website at: www.amcanadadocs.com/whitemudheights .

3. Upon receiving the entered order of the Court of Queen’s Bench of Alberta, the Receiver took possession and control of the property described above on November 13, 2013.

4. The following information relates to the receivership:

a) Legal Description: Stony Plain Indian Reserve No. 135 (being lands Occupied by Enoch Cree Nation 440) Canada Lands Survey System Plan No. 96507 Within Lot 186, Plan 92619 CLSP Within the NE ¼ 23-52-26 W4M

b) Principal line of business: Condominium Development

c) Main location of business: , Alberta

d) Amounts owed by Whitemud Heights to each creditor, according to the most recent internal books and records are shown below:

Name Claim Amount

Secured creditors (see attached listing) $ 28,026,326.59

Unsecured creditors (see attached listing) 7,340,785.42

Total $ 35,367,112.01

e) The Receiver’s contact is:

Alvarez & Marsal Canada Inc. Suite 570, 202 6th Ave SW Calgary, AB T2P 2R9

Attention: Tim Reid Telephone: (403) 538-7555 Facsimile: (403) 538-7551

Dated at Calgary, Alberta this 22nd day of November, 2013.

ALVAREZ & MARSAL CANADA INC., in its capacity as COURT APPOINTED RECEIVER AND MANAGER OF 1324206 ALBERTA LTD.

Tim Reid, CA, CIRP Senior Vice President APPENDIX A

IN THE MATTER OF THE RECEIVERSHIP OF 1324206 ALBERTA LTD.

Preliminary List of Creditors as at November 13, 2013, as submitted by the Debtor without Admission as to any Liabilities or Privilege Herin Shown

Secured Creditors Attention Address City Province Postal Code Amount Outstanding

Royal Bank of Canada Ray Rutman Dentons Canada LLP, Barristers & Edmonton AB T5J 3V5 $ 28,026,326.59 Solicitors, 2900, 10180- 101 Street

Total Secured creditors $ 28,026,326.59

Unsecured Creditors Attention Address City Province Postal Code Amount Outstanding Ridge Development Corporation Kentigern A. Rowan, Q.C Ogilvie LLP, Barristers & Solicitors, Edmonton AB T5J 3N6 $ 1,509,372.00 and Stephanie A. Wanke 1400, 10303 Jasper Avenue

John Barath Kentigern A. Rowan, Q.C Ogilvie LLP, Barristers & Solicitors, Edmonton AB T5J 3N6 Unknown and Stephanie A. Wanke 1400, 10303 Jasper Avenue Derek Prue Allan Garber Allan Garber Professional Corporation, Edmonton AB T5S 2Y3 Unknown Barristers & Solicitors, 201, 11404 Winterburn Road NW

Prairie Western Development Corporation Allan Garber Allan Garber Professional Corporation, Edmonton AB T5S 2Y3 Unknown Barristers & Solicitors, 201, 11404 Winterburn Road NW

Skyrider Developments Group Ltd. Allan Garber Allan Garber Professional Corporation, Edmonton AB T5S 2Y3 106,242.41 Barristers & Solicitors, 201, 11404 Winterburn Road NW

Stratosphere Realty Group Inc. Allan Garber Allan Garber Professional Corporation, Edmonton AB T5S 2Y3 Unknown Barristers & Solicitors, 201, 11404 Winterburn Road NW

White Castle Realty Investments Ltd. Matt Pruski Ogilvie LLP, Barristers & Solicitors, Edmonton AB T5J 3N6 1,258,323.63 1044, 10303 Jasper Avenue

Manny Dhinsa Allan W. Damer Mintz Law, Barristers & Solicitors, Suite Edmonton AB T5J 1N3 Unknown 400 The Dorcheser, 10357- 109 Street

George Shen Matt Pruski Ogilvie LLP, Barristers & Solicitors, Edmonton AB T5J 3N6 108,478.13 1044, 10303 Jasper Avenue

Enoch Cree Nation No. 44 Ed Molstad, Q.C. Parlee McLaws LLP, Barristers & Edmonton AB T5J 4K1 Unknown Solicitors, 1500, 10180- 101 Street

Enoch Utilities Limited Brian Brendzan Biamonte Cairo & Shortreed LLP, 1600, Edmonton AB T5J 2Z2 Unknown 10025- 102 A Avenue Dean Alexander Anne Marie Clark and Ada Witten LLP, Barristers & Solicitors, Edmonton AB T5J 3N6 Unknown Tang 10303 Jasper Avenue Paragon Gaming EC CO. Darin J. Hannaford Miller Thomson, Barristers & Solicitors, Edmonton AB T5J 4G8 Unknown 2700 Commerce Place, 10155- 102 Street Her Majesty the Queen in right of Alberta, 3rd Floor, Bowker Building, 9833- 109 Edmonton AB T5K 2E8 Unknown Alberta Justice and Solicitor General Street

Her Majesty the Queen in right of Alberta, 19th Floor, Commerce Place, 10155- Edmonton AB T5J 4G8 Unknown Aboriginal Relations (Alberta) 102 Street NW

Her Majesty the Queen in right of Canada, 300 EPCOR Tower, 10423- 101 Street Edmonton AB T5H 0E7 Unknown Department of Justice Canada

Her Majesty the Queen in right of Canada, 630 Canada Place, 9700 Jasper Avenue Edmonton AB T5J 4G2 Unknown Aboriginal Affairs and Northern Development Canada

KPMG Inc. as Reciever and Manager of Corbin D. Devlin McLennan Ross LLP, #600, West Edmonton AB T5N 3Y4 281,782.50 Brute Force Oilfield Hauling Inc. Chambers, 12220

Academy Painting & Decorating Ltd. #302, 7 St. Anne Street St. Albert AB T8N 2X4 140,638.19

Astro Wall Systems Inc. 2700, 10155- 102 Street Edmonton AB T5J 4G8 230,363.70 Bass Acres Box 9 RR4 Site 10 Stony Plain AB T7Z 1X4 29,770.65

Becker ELZein and Associates Ltd. 10612- 172 Street Edmonton AB T5S 1H8 1,071.00

BRK Masonary Ltd. 102, 5300- 50 Street Stony Plain AB T7Z 1T8 11,671.80 APPENDIX A

IN THE MATTER OF THE RECEIVERSHIP OF 1324206 ALBERTA LTD.

Preliminary List of Creditors as at November 13, 2013, as submitted by the Debtor without Admission as to any Liabilities or Privilege Herin Shown

Unsecured Creditors Attention Address City Province Postal Code Amount Outstanding Challenger Geomatics Ltd. Joseph J. Kueber, Q.C. Bryan & Company LLP, 2600 Manulife Edmonton AB T5J 3Y2 $ 35,114.46 Place, 10180- 101 Street

Continental Services Inc. 109, 52249 RR233 AB T8D 1C7 8,216.25

Cosmic Closet 10549- 170 Street Edmonton AB T5P 4W2 5,949.07

Count on Us Janitorial Services Ltd. 415 Williams Court Edmonton AB T6T 1N5 19,019.96

Diamond Mechanical Installations Ltd. P.O. Box 110, Bay #5, 4301 33rd Street Stony Plain AB T5S 1E7 311,277.82

Direct Energy Regulated Services P.O. Box 2427 Edmonton AB T5J 2R4 Unknown

Economy Asphalt 45 Beverly Avenue Spruce Grove AB T7X 1H7 4,401.60 EPCOR Po Box 500 Edmonton AB T5J 3Y3 Unknown Fraser Electric (1988) Ltd. 13134- 120 Street Edmonton AB T5E 5P3 169,260.00

George N. Jackson Limited 1139 McDermot Avenue Winnipeg MB R3E 0V2 2,753.31

Handi-Can (2003) Ltd. Box 2338 Stony Plain AB T7Z 1X8 3,071.25 HTH Cabinets Ltd. 21 Longview Close Spruce Grove AB T7X 4L7 240,659.36 J. Plazier Trucking & Excavating 16805- 129 Avenue Edmonton AB T5V 1L2 5,197.50 JKR Concepts Ltd. 4142- 95 Street Edmonton AB T6E 6H5 50,021.37 Kal Tire 10530- 170 Street Edmonton AB T5S 1P3 29.54

Kennedy Agrios LLP 1325 , 10180- 101 Street Edmonton AB T5J 3S4 4,567.50

Labour Ready P.O. Box 48239, Bentall Postal Stn. Vancouver BC V7X 1A1 1,615.95 Mutual Propane Ltd. 16203- 114 Avenue Edmonton AB T5M 2Z3 77.27 Nelson Lumber Company Ltd. Box 27000, 12727 St. Albert Trail Edmonton AB T5J 3M6 118.13

O'Hare Sign Co Ltd. 17804- 107 Avenue Edmonton AB T5S 1J1 120.75 Otis Canada Inc. 10617- 172 Street Edmonton AB T5S 1J1 7,308.00 PCO Services Corporation 5840 Falbourne Street Mississauga ON L5R 4B5 1,039.50

PermaCorp Industries Inc. 5306- 50 Street, Suite 100 Leduc AB T9E 6Z6 38,024.44 Phoenix Fences Inc. 2200, 10155- 102 Street Edmonton AB T5J 4G8 10,919.43 Prism Engineering Inc. #214, 9622- 42 Avenue Edmonton AB T6E 5Y4 9,866.33

Probond Systems Inc. 13540- 156 Street Edmonton AB T5V 1L3 4,270.88

Progress Glass Co. Ltd. 202, 1289- 91 Street SW Edmonton AB T6X 1H1 17,416.60

Canada Revenue Agency Main Floor, 9700 Jasper Avenue Edmonton AB T5J 4C8 Unknown

Sabatini Earth Technologies Inc. 12323- 67 Street Edmonton AB T5B 1N1 2,675.40

Security Building Supplies 2505 Wentz Avenue Saskatoon SK S7K 2K9 537,962.55

Super Save Fence Rentals 19395 Langley Bypass Surrey BC V3S 6K1 Unknown Telus Communications P.O. Box 7575 Vancouver BC V6B 8N9 Unknown Titan Flooring & Interior Design 16512- 11 Street Edmonton AB T5M 3V8 240,775.50

Trail Appliances Ltd. Anthony J. De Lello Fric, Lowenstein & CO LLP, Suite 420, Calgary AB T2E 7T8 135,171.60 1925- 18 Ave NE

TWS Engineering Ltd. 102 9333- 47 Street Edmonton AB T6B 2R9 630.00 Video Vac 1997 Ltd. 45 McNabb Crescent Stony Plain AB T7Z 1G8 863.63

Vipond Fire Protection 13056 Edmonton AB T5L 3C1 1,155.00

Williams Scotsman of Canada Inc. P.O. Box 9100 Postal Station F Toronto ON M4Y 3A5 3,713.22

RA Miller Management Group Ltd. 102 Fairway Drive Edmonton AB T6J 2C5 22,467.88

L & J Investments Inc. 15615- 102 Avenue Edmonton AB T5P 4X7 27,381.92

Wosam Torbeih Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 53,203.51 Solicitors, 2200, 10123- 99 Street APPENDIX A

IN THE MATTER OF THE RECEIVERSHIP OF 1324206 ALBERTA LTD.

Preliminary List of Creditors as at November 13, 2013, as submitted by the Debtor without Admission as to any Liabilities or Privilege Herin Shown

Unsecured Creditors Attention Address City Province Postal Code Amount Outstanding Anthony Badach Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 $ 26,321.92 Solicitors, 2200, 10123- 99 Street

Tony Leiva Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 11,300.66 Solicitors, 2200, 10123- 99 Street

Ron Schmidt Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 29,563.40 Solicitors, 2200, 10123- 99 Street Nguyen Thuong Tran Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 26,321.92 Solicitors, 2200, 10123- 99 Street Trang Nguyen Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 Unknown Solicitors, 2200, 10123- 99 Street Trang Thi Thu Luong Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 22,611.92 Solicitors, 2200, 10123- 99 Street Kiet Nguyen Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 22,929.92 Solicitors, 2200, 10123- 99 Street Jesse Bjornson Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 53,365.64 Solicitors, 2200, 10123- 99 Street Joel Miller and Catherine Luciak-Miller Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 11,305.96 Solicitors, 2200, 10123- 99 Street

Christine Badach Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 Unknown Solicitors, 2200, 10123- 99 Street Hui Liang Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 23,565.92 Solicitors, 2200, 10123- 99 Street Charlie Badach Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 23,565.92 Solicitors, 2200, 10123- 99 Street Vicki Hughes and Joseph Hughes Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 22,611.92 Solicitors, 2200, 10123- 99 Street Ronald Schmidt Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 Unknown Solicitors, 2200, 10123- 99 Street Tai Nguyen Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 Unknown Solicitors, 2200, 10123- 99 Street Loraine Schmidt Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 Unknown Solicitors, 2200, 10123- 99 Street Daniel Petrov Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 5,000.00 Solicitors, 2200, 10123- 99 Street Bich Ngoc Tran Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 22,611.92 Solicitors, 2200, 10123- 99 Street

Fernando Runco Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 29,849.60 Solicitors, 2200, 10123- 99 Street Mario Runco Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 29,563.40 Solicitors, 2200, 10123- 99 Street 1359228 Alberta Ltd. Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 Unknown Solicitors, 2200, 10123- 99 Street Bear Lamont Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 22,611.92 Solicitors, 2200, 10123- 99 Street Rick Di Toppa Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 27,381.92 Solicitors, 2200, 10123- 99 Street Albert D'Amore Carla M. Odishaw Odishaw & Guido, Barristers & Edmonton AB T5J 3H1 29,925.92 Solicitors, 2200, 10123- 99 Street 1233682 Alberta Ltd. 5620- 82 Avenue Edmonton AB T6B 3E6 23,565.92

Nash Jamani Pops Venkatraman Venkatraman Purewal & Pillay, 303, Edmonton AB T6E 5X9 21,869.20 9811 34 Avenue Rahim Jamani Pops Venkatraman Venkatraman Purewal & Pillay, 303, Edmonton AB T6E 5X9 21,869.20 9811 34 Avenue Gene Chan and Lily Chan Patrick D. Kirkwin Kirkwin LLP, 200, 10339- 124 Street Edmonton AB T5N 3W1 59,143.76

James Matsune Patrick D. Kirkwin Kirkwin LLP, 200, 10339- 124 Street Edmonton AB T5N 3W1 32,749.76 June Mah Patrick D. Kirkwin Kirkwin LLP, 200, 10339- 124 Street Edmonton AB T5N 3W1 24,274.00 Richard Van Toan Lee and Bruce Lee Patrick D. Kirkwin Kirkwin LLP, 200, 10339- 124 Street Edmonton AB T5N 3W1 32,266.40 APPENDIX A

IN THE MATTER OF THE RECEIVERSHIP OF 1324206 ALBERTA LTD.

Preliminary List of Creditors as at November 13, 2013, as submitted by the Debtor without Admission as to any Liabilities or Privilege Herin Shown

Unsecured Creditors Attention Address City Province Postal Code Amount Outstanding Tuan T. Tran Patrick D. Kirkwin Kirkwin LLP, 200, 10339- 124 Street Edmonton AB T5N 3W1 $ 29,478.60

Micheal Tang and Marko Stefaniw Jim Scott Scott Law, 17505 106 Avenue Edmonton AB T5S 1E7 31,213.76

Just a Game Productions 11115 Edmonton AB T5M 4E3 31,795.76

Betty Jo Lorenowicz 7 Rosenthal Way Stony Plain AB T7Z 2S1 23,744.00 Darryl Dolynny Gina Ferri Nicholl & Akers, 200, 10187 104 Street Edmonton AB T5J 0Z9 22,929.92

Klondike Insurance Agencies Ltd. 10140- 81 Avenue NW Edmonton AB T6E 1X1 Unknown

Bobbi Barath- Prue 17307- 106 Avenue Edmonton AB T5S 1E7 Unknown

Clement E. Proulx 9 Holloway Place St. Albert AB T8N 6K9 5,046.96

Ryan Troppman 1808 Rowman Point Edmonton AB T6W 1P7 22,081.92 Christie Melnyk #66 9520 174 Street Edmonton AB T5T 5Z3 26,321.92

Stella Prue 15- 52212 RR274 Spruce Grove AB T7X 3T8 10,000.00

Amy Morin #210, 11404 Winterburn Road NW Edmonton AB T5S 2Y3 5,000.00

Mahmoud Amerey 7814 118 Avenue Edmonton AB T5B 0R4 22,601.32 Darrel Velichko 53112 RR25 Carvel AB T0E 0H0 24,274.00

Damian Misiaszek 1004 Twin Brooks Court Edmonton AB T6J 7G5 21,551.92

Troy Mauer Holdings 12126 17 Avenue SW Edmonton AB T6W 1M1 10,000.00

Dave Taylor #213 10939 82 Avenue Edmonton AB T6G 0S7 23,661.32

Wade Canning #301 53038- RR225 Sherwood Park AB T8A 4T7 55,416.80

Kelsey Prue 15, 52212 RR274 Spruce Grove AB T7X 3T8 10,000.00 Marcin Luczkiewicz 1127 Goodwin Cirlce Edmonton AB T5T 6W6 21,551.92

Yong Kwon #404, 1022- 16th Ave NW Calgary AB T2M 0K5 22,344.80

Andrzej Wlodarczyk 11911 226 Street Edmonton AB T5S 2C2 44,840.12 Jerome Phillip and Desmond Phillip 9620 174 Street Edmonton AB T5T 6B9 10,929.54 Noel Greene and Jefferson Sopah Christopher G. Taskey Pittaway & Taskey, Barristers & Edmonton AB T5P 4Y2 21,869.92 Solicitors, 16404- 100 Avenue Craig and Kris Dutchak 300 Archibald Close Fort McMurray AB T9H 2P5 25,753.76

Rudolf and Nelly Libert 50412 RR222 Leduc County AB T0B 3M2 22,919.32 Jonathan Politylo 15016 92 Street Edmonton AB T5E 3S6 13,579.66 Wilfred Prue 529 King Street Spruce Grove AB T7X 1B3 10,000.00 Corey Reynolds 59 Linkside Blvd. Spruce Grove AB T7X 4A6 47,621.56 Zdislaw Morek Misiaszek and Jan 1004 Twin Brooks Court Edmonton AB T6J 7G5 22,622.80 Zadorozy Alexander and Maria Pinchukov 204 Grantham Court Edmonton AB T5T 6R9 34,127.76 Daniel Leiva 46 West Mews Crescent Fort Saskatchewan AB T8L 3W7 5,000.00

Mikhail Vaynshteyn 9512- 167 Avenue Edmonton AB T5T 2G8 59,830.64

Norman Vaynshteyn 7447- 182 Street Edmonton AB T5T 2G8 Unknown Pamela Degraaf 1239 Ormsby Lane Edmonton AB T5T 6R2 27,449.76 4Refuel Canada #215- 9440 202 Street Langley BC V1M 4A6 484.35

Albert Opsted, P. Eng. 10821- 140 Street Edmonton AB T5M 1S4 200.00

Antonio Leiva 46 West Mews Crescent Fort Saskatchewan AB T8L 3W7 11,040.96

Jeremy Aasen 3514- 24 Street Edmonton AB T5T 1W1 21,869.92

Amber Prue 15, 52212 RR274 Spruce Grove AB T7X 3T8 Unknown Quantum Horizons 3514- 24 Street Edmonton AB T5T 1W1 21,896.92

Steven Lozeron 14051- 30th Street Edmonton AB T5Y 1R5 25,039.32 APPENDIX A

IN THE MATTER OF THE RECEIVERSHIP OF 1324206 ALBERTA LTD.

Preliminary List of Creditors as at November 13, 2013, as submitted by the Debtor without Admission as to any Liabilities or Privilege Herin Shown

Unsecured Creditors Attention Address City Province Postal Code Amount Outstanding Jill Lardner #130,- 9529- 162 Avenue Edmonton AB T5Z 3V2 29,309.00

Jeremy Browning and Wade Browing 308 Falmere Road NE Calgary AB T3J 2Z5 $ 5,000.00

Russell Hayes 20347 58 Ave Edmonton AB T6M 2Z2 29,925.92

Dome Duong 16111 78 Street Edmonton AB T5Z 3E9 22,000.00

Huy Nguyen 11822 10A Avenue Edmonton AB T6J 7A7 27,449.76 William Daher 3052 44B Avenue Edmonton AB T6T 1G4 29,563.40 Derek Chambers 4715 43 Avenue Edmonton AB T6L 6L9 19,998.00

Total Unsecured Creditors $ 7,319,515.82

Total Creditors $ 35,345,842.41