ALLEN-VANGUARD CORPORATION and ALLEN-VANGUARD LTD.

Receivership

^{Page last updated: October 6, 2026}

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

Status of File as of October 5, 2026

On September 25, 2026, the Court issued the:

1.    Approval and Vesting Order which, among other things:

a.    Approved the Subscription Agreement, dated September 9, 2026, as amended, dated September 17, 2026 (the “Subscription Agreement”), between the Receiver, as vendor and Allend Vanguard International Limited as Purchaser and the transaction (the “Transaction”) contemplated therein;

b.    Authorized that 1001752237 Ontario Inc. (the “ResidualCo”) added to the Receivership Proceedings;

c.     Transferred and vested all of the right, title and interest in and to the Excluded Assets, Excluded Contracts, Excluded Liabilities (each as defined in the Subscription Agreement) to ResidualCo; and

d.    Sealed the Confidential Appendices to the First Report of the Receiver dated September 18, 2026 (the “First Report”); and

2.    Ancillary and Distribution Order which, among other things

a.    Authorized the Receiver, following the closing of the Transaction, to retain from the net proceeds of the Transaction an administrative reserve (the “Reserve”) in an amount determined appropriate by the Receiver, in consultation the Applicants;

b.    Authorized the Receiver to make one or more distribution(s) to the Applicants, provided that the Receiver maintains a sufficient Reserve to complete the administration of the Receivership Proceedings; and

c.     Approved the First Report of the Receiver and the Receiver’s activities described therein.

Status of File as of September 1, 2026

On September 1, 2026, on application by Contego AV Funding II, LLC and Contego AV Funding II-A, LLC (the “Applicants”), pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended and section 243 (2)(b)(ii) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c.B-3, as amended (the “BIA”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver and manager (the “Receiver”), without security, of all of the assets, undertakings and properties of Allen-Vanguard Corporation and Allen-Vanguard Ltd. (collectively, the “Companies”) acquired for, or used in relation to a business carried on by the Companies (the “Receivership Proceedings”).

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