COURT FILE NO.: CV-21-00656040-00CL

DATE: 2021-08-18

SUPERIOR COURT OF JUSTICE - ONTARIO

RE: IN THE MATTER OF THE COMPANIES’ CREDITORS

ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDED

AND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF LAURENTIAN UNIVERSITY OF SUDBURY

BEFORE: Chief Justice G.B. Morawetz

COUNSEL:

D.J. Miller, Mitch W. Grossell, Andrew Hanrahan and Derek Harland, for the Applicant

Ashley Taylor, Elizabeth Pillon and Ben Muller, for the Court-appointed Monitor Ernst & Young Inc.

Vern W. DaRe, for the DIP Lender

Pamela Huff and Aryo Shalviri, for Royal Bank of Canada

Dylan Chochla, for Toronto-Dominion Bank

Peter J. Osborne, for the Board of Governors

Natasha MacParland, Lender Counsel for the Applicant

Susan Philpott and Charles Sinclair, for Laurentian University Faculty Association

Tracey Henry, Danielle Stampley and Brendan Scott, for Laurentian University Staff Union (LUSU)

Andrew J. Hatnay and Demetrios Yiokaris, for Thorneloe University

Joseph Bellissimo and Natalie Levine, for Huntington University

André Claude, for University of Sudbury

Mark G. Baker and Andre Luzhetskyy, for Laurentian University Students’ General Association (LUSA)

Charlotte Chien, for Northern Ontario School of Medicine

Matthew Stanton, for Shelley Watson

Roderic McLauchlan, for Canadian Universities Reciprocal Insurance Exchange

HEARD AND DETERMINED: August 17, 2021

REASONS RELEASED: August 18, 2021

ENDORSEMENT

[1] The Applicant has advised that it will defer seeking relief related to the Third Party RHBP Claims (only) until the next hearing scheduled for August 27, 2021. Counsel for Huntington University has requested that none of the deadlines or procedures set out in the Compensation Claims Process Order shall apply to Third Party RHBP Claims, and that the methodology, deadlines, and procedures for Third Party RHBP Claims shall be governed by a further Order of the Court to be sought on August 27, 2021.

[2] The Applicant has advised that it is agreeable to this request. Accordingly, the deadlines and procedures set out in the Compensation Claims Process Order shall not apply to the Third Party RHBP Claims at this time and will be dealt with by a further Order of the Court on August 27, 2021.

[3] The remaining requested relief was not opposed. It is supported by the record and is granted. An order has been issued to reflect the foregoing.

Chief Justice G.B. Morawetz

Date: August 18, 2021