On April 17, 2024 by order of the Honourable Justice E.J. Sidnell (the “Receivership Order”) of the Court of King’s Bench of Alberta (the “Court”), Alvarez & Marsal Canada Inc. (“A&M”) was hereby appointed receiver (the “Receiver”) of Candesto Enterprises Corp., D3 Infrastructure Services Inc., and Safe Roads Alberta Ltd.   (collectively, the “Companies” or “Debtors”) and, without security, of all of their current and future assets, undertakings and properties of every nature and kind whatsoever, and wherever situate, including all proceeds thereof (the “Property”).

On December 20, 2023, each of Candesto Enterprises Corp., D3 Infrastructure Services Inc., and Safe Roads Alberta Ltd. (collectively, the “Companies”) were granted an initial order (the “Initial Order”) by the Court of King’s Bench of Alberta (the “Court”), under the Companies’ Creditors Arrangement Act, RSC 1985, c. C-36, as amended (the “CCAA”). On December 20, 2023, the Court granted the Companies an order (the “Amended and Restated Initial Order”) under the CCAA.

The Initial Order and the Amended and Restated Initial Order were granted by the Honourable Justice Johnston. Alvarez & Marsal Canada Inc. (“A&M”) was appointed pursuant to the CCAA as monitor (the “Monitor”) of the business and financial affairs of the Companies.