J2ASM Inc.

Receivership

^{Page last updated: September 28, 2025}

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 September 23, 2025

On September 19, 2025, the Receiver filed its motion for an order (the “Broker Agreement & Ancillary Relief Order”) to, among other things:

1. Authorize the Receiver to enter into the Second Broker Agreement;
2. Approve an increase to the maximum amount of the Receiver’s Borrowings secured by the Receiver’s Borrowings Charge from $500,000 to $750,000; and
3. Approve the Second Report of the Receiver dated May 21, 2025 (the “Second Report”) and the Third Report of the Receiver dated September 19, 2025 (the “Third Report”) and the activities and conduct of the Receiver described therein;

and for an order (the “Axiom Rent Funds Order”) to, among other things;

1. Direct KSV Restructuring Inc., in its capacity as receiver and manager of Axiom Real-Time Metrics Inc. (the “Axiom Receiver”), to pay the Axiom Rent Funds (as defined in the Axiom Rent Funds Order) to the Receiver.

On the same date, the Receiver filed its Third Report with the Court to provide the Court with information concerning:

1. The Receiver’s activities since the Second Report to the date of the Third Report;
2. The cumulative receipts and disbursements in the Receivership Proceeding since the Receivership Date; and
3. The Receiver’s motions for the Broker Agreement & Ancillary Relief Order and the Axiom Rent Funds Order.

The motion will be heard on September 24, 2025.

Status of file as of January 23, 2025

On January 23, 2025, the Court issued the Sale Process Order which, among other things:

1. Authorized the Receiver to enter into an agreement (the “Broker Agreement”) dated January 17, 2025, with Avison Young Commercial Real Estate Services, LP (the “Broker");
2. Authorized the Receiver to conduct a sale process for the sale of the Commercial Property (the “Sale Process”), as described in more detail in the First Report;
3. Sealed Confidential Appendix “1” to the First Report; and
4. Approved the First Report and the activities and conduct of the Receiver described therein.

Status of file as of January 17, 2025

On January 17, 2025, the Receiver filed its First Report (the “First Report”) with the Court to provide the Court with the following information:

1. The Receiver’s activities from the Receivership Date to the date of the First Report; and
2. The Receiver’s motion to request the approval of an order (the “Sale Process Order").

Status of file as of December 02, 2024

On December 2, 2024 (the "Receivership Date"), pursuant to an order (the “Receivership Order”) of the Ontario Superior Court of Justice (Commercial List) (the “Court”), PricewaterhouseCoopers Inc., LIT (“PwC”) was appointed as receiver and manager (the “Receiver”), without security, of all of the assets, undertakings and properties (collectively, the “Property”) of J2ASM Inc. (the “Company”), including, without limitation, the real property municipally known as 5205 Satellite Drive, Mississauga, Ontario (the “Commercial Property”) pursuant to section 243(1) of the Bankruptcy and Insolvency Act, R.S.C. 1985, c. B-3, as amended (“BIA”) and section 101 of the Courts of Justice Act, R.S.O. 1990, c. C.43, as amended (the “Receivership Proceeding”).

The Receivership Order was granted pursuant to an application made by the Business Development Bank of Canada (the “Bank” of the “Applicant”).

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