On August 24, 2017 Former Restoration Limited Partnership (formerly named FirstOnSite Restoration Limited Partnership) and 2123125 Ontario Inc. (formerly named FirstOnSite G.P. Inc.) filed assignments pursuant to section 49(1) of the Bankruptcy and Insolvency Act ( R.S.C. , 1985, c. B-3). FTI Consulting Canada Inc., was appointed as trustee of the estates of the bankrupts by the Official Receiver; subject to affirmation by the creditors at the First Meeting of Creditors which will be held on September 11th, 2017 at 10 o'clock am at the office of FTI Consulting Canada Inc., located at TD Waterhouse Tower, 79 Wellington St. West, Suite 2010, Toronto, Ontario, M5K 1G8.

On January 25, 2017, the Court granted (i) a Stay Extension Order, extending the stay of proceedings granted pursuant to the Initial Order to the CCAA Termination Date (as defined therein), and (ii) an Order discharging the Monitor and CRO effective as of the CCAA Termination Date.

On October 21, 2016, the Court granted (i) a Stay Extension Order, extending the stay of proceedings granted pursuant to the Initial Order to January 27th, 2017 and (ii) an Order approving a claims process and claims bar date in respect of Eligible Claims.

On June 27, 2016, the Court granted (i) a Stay Extension Order, extending the stay of proceedings granted pursuant to the Initial Order to October 31, 2016 and (ii) an Order approving the CRO Agreement between Oriole Partners Ltd. and FirstOnSite and appointing Oriole Partners Ltd. as Chief Restructuring Officer (“CRO”) of FirstOnSite.

On June 1, 2016 an Order was granted by the Ontario Superior Court of Justice (Commercial List) with respect to a motion by FirstOnSite for amendments to the Order issued by the Court on May 9, 2016 (the “Approval and Vesting Order”) with respect to the following: i) a Transition Agreement with the Purchaser, ii) Quebec Contracts will not vest free and clear until certain conditions have been met and iii) granting a first ranking charge in favor of the Purchaser on the Quebec Contracts.
On June 1, the Transaction as described in the May 9, 2016 status update, closed on March 8, 2016. A copy of the Monitor's Certificate is available at http://cfcanada.fticonsulting.com/firstonsite/courtOrders.htm

On May 19, 2016, the Court granted (i) a Stay Extension Order, extending the stay of proceedings granted pursuant to the Initial Order to June 27, 2016, (ii) a Distribution Order, authorizing certain distributions from the net sale proceeds of the Transaction contemplated by the APA; and (iii) an Assignment Order, assigning the rights and obligations of the Vendor under certain agreements to the Purchaser.

On May 9, 2016, the Court granted an Approval and Vesting Order, among other things, approving the sale transaction contemplated under the APA made and entered into between FirstOnSite Restoration L.P. by its general partner FirstOnSite G.P. Inc. (in such capacity, the "Vendor") and 3297167 Nova Scotia Limited (in such capacity, the "Purchaser") for the sale of the Purchased Assets (as defined in the APA) and vesting the Purchased Assets in the Purchaser free and clear of all Encumbrances other than Permitted Encumbrances (each as defined in the APA). The Court also extended the stay of proceedings under the Amended and Restated Initial Order to May 31, 2016. FirstOnSite motions for; (i) an order assigning the rights and obligations of the Vendor under certain agreements to the Purchaser, and
(ii) an order authorizing certain distributions from the net sale proceeds of the sale transaction contemplated by the APA have been adjourned to May 18, 2016.

On May 2, 2016, the Court granted an Amended and Restated Initial Order with respect to the Company's application for creditor protection under the CCAA.

A hearing is scheduled for 10:00 am on May 9th, 2016 with the Court for a motion filed by FirstOnSite for, among other things:
(i) an order approving the sale transaction (the “Transaction”) contemplated by the Asset Purchase Agreement (“APA”) made and entered into between FirstOnSite Restoration L.P. by its general partner FirstOnSite G.P. Inc. (in such capacity, the "Vendor") and 3297167 Nova Scotia Limited (in such capacity, the “Purchaser”) for the sale of the Purchased Assets (as defined in the APA) and vesting the Purchased Assets in the Purchaser free and clear of all Encumbrances other than Permitted Encumbrances (each as term is defined in the APA);
(ii) an order assigning the rights and obligations of the Vendor under certain agreements to the Purchaser;
(iii) an order authorizing certain distributions from the net sale proceeds of the Transaction contemplated by the APA; and
(iv) an order extending the stay of proceedings granted pursuant to the Initial Order to May 31, 2016.

A comeback hearing with respect to the Initial Order granted by the Ontario Superior Court of Justice (Commercial List) (the “Court”) on April 21, 2016 has been scheduled to be heard before the Court on May 2, 2016 at 330 University Ave, Toronto, Ontario.

On April 21st, 2016, FirstOnSite G.P. Inc. sought and obtained an initial order (the “Initial Order”) from the Ontario Superior Court of Justice (the “Court”) under the Companies’ Creditors Arrangement Act, R.S.C. 1985, c. C-36, as amended (the “CCAA”). The Initial Order provides, among other things, a stay of proceedings until May 20th, 2016 (the “Stay Period”) which may be extended by the Court from time to time. The protections and authorizations provided by the Initial Order were also extended to FirstOnSite Restoration L.P. (together with FirstOnSite G.P. Inc., “FirstOnSite”). Pursuant to the Initial Order, FTI Consulting Canada Inc. was appointed monitor (the “Monitor”) of FirstOnSite.

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FTI Consulting
TD Waterhouse Tower
79 Wellington Street West
Suite 2010, P.O. Box 104
Toronto, Ontario M5K 1G8

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