TO: LESSEES OF TPINE LEASING CAPITAL CORPORATION (“TLCC”)

A version of this notice translated to Punjabi can be found here: https://www.alvarezandmarsal.com/content/tpine-collections-plan

The Ontario Superior Court of Justice (Commercial List) made Orders dated January 13, 2026 (the “Collection Plan Orders”), establishing the Collection Plans for the quantification and adjudication or alternatively, the resolution of claims by either BDO Canada Limited, in its capacity as Court-appointed receiver and manager of TPine Canada Securitization LP (the “Receiver”) or Alvarez & Marsal Canada Inc., in its capacity as Court-appointed manager of certain property of TLCC (the “Manager”), for outstanding amounts owing by certain lessees, co-lessees, guarantors, and other obligors under a lease agreement, guarantee, or similar documentation (a “Lease”) with TLCC.

If your lease payments are more than sixty days past due under a Lease with TLCC, you may be affected by this Collection Plan. Please read this Notice carefully as it may affect your legal rights.

You can determine if this Notice and the Collection Plan affect you by checking to see if your Lease(s) or VIN(s) appear on the list of Lease(s) and VIN(s) maintained by the Manager and the Receiver on their websites linked below (the “Lease List”).  If you have any questions, you are encouraged to contact the Manager and/or the Receiver at the contact information below.

The Manager and the Receiver will update the Lease List from time to time. It is your responsibility to monitor the Lease List to see if your Lease(s) or VIN(s) have been added to the Lease List.

Receiver’s Website and Contact Information

https://www.bdo.ca/tpin

BDO CANADA LIMITED
Receiver and Manager of TPine Canada Securitization LP
20 Wellington Street East, Suite 500
Toronto, ON M5E 1C5

Email: tpine-inquiry@bdo.ca

Manager’s Website and Contact Information

www.alvarezandmarsal.com/tpine

ALVAREZ & MARSAL CANADA INC.
Manager of certain assets of Pride Group Holdings Inc., et al.
Royal Bank Plaza, South Tower 200 Bay Street, Suite 2900
Toronto, ON M5J 2J1

Email: tpine@alvarezandmarsal.com

Hotline: (647) 265-9632

Defined terms used and not defined in this Notice have the meanings given in the Collection Plan Orders, as applicable.

If you are a Defaulting Obligor, you will be sent a Claims Package including, either a Receiver’s Claim or Manager’s Claim (each a “Claim”), a copy of the relevant Collection Plan Order,  an Instruction Letter, a Settlement Offer, a blank Notice of Dispute form, and any other documentation the Receiver or Manager may deem appropriate, by mail or email. You may be sent more than one Claims Package if you have multiple Leases.

If you do not receive a Claims Package, you may contact the Receiver and the Manager at the addresses above to request a Claims Package or for any other notices or enquiries with respect to the Collection Plan.

The Claim will set out the amounts that the Receiver or Manager believes you owe under a Lease and the reasons that the Receiver or Manager believes you owe those amounts.

• If you do not dispute the amount of the Claim and are prepared to accept the Settlement Offer, you must enter into a settlement agreement in writing with the Receiver or Manager, as applicable, by no later than forty-five (45) days from the date of the Claims Package (the “Response Deadline”).
• If you disagree with the amount of the Claim and are not prepared to accept the Settlement Offer, you must complete and deliver the Notice of Dispute form with any attachments to the Receiver or Manager, as applicable, by the Response Deadline, being no later than forty-five (45) days from the date of the Claims Package.
• If you are in possession of Equipment and any Related Items subject to a Lease and you fail to reach a settlement with the Receiver or Manager, as applicable, by the Response Deadline, you will be required to deliver the Equipment and any Related Items to a location to be determined by the Receiver or Manager by no later than ten (10) days after the Response Deadline.

CAUTION: If you are a Defaulting Obligor and you fail to either reach a settlement with the Manager or Receiver (as applicable) or deliver to the Receiver or Manager (as applicable) a Notice of Dispute before the Response Deadline, you will be deemed to admit the allegations in the Claim and the amount(s) owing by you as set out in the Claim, and the Receiver or Manager (as applicable) shall be entitled to seek default judgement against you for those amount(s).

It is your responsibility to ensure that the Receiver or Manager (as applicable) receives your acceptance of the Settlement Offer or Notice of Dispute, as applicable, by the Response Deadline.

This notice is a summary of the terms of the Collection Plan Orders. If there is a conflict between the provisions of this notice and the terms of the Collection Plan Orders, the terms of the Collection Plan Orders will govern. You can review the Collection Plan Orders and related materials on the Receiver’s Website and the Manager’s Website.

If you are affected by the Collection Plan Orders, you should obtain your own legal advice as soon as possible to address the matters set out in the Collection Plan Orders.

THIS NOTICE WAS APPROVED BY THE ONTARIO SUPERIOR COURT OF JUSTICE (COMMERCIAL LIST)