Court File No.: CV-16-11541-00CL

ONTARIOSUPERIOR COURT OF JUSTICE

COMMERCIAL LIST

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 URBANCORP CUMBERLAND 2 GP

INC., URBANCORP CUMBERLAND 2 L.P., BOSVEST INC.,

EDGE ON TRIANGLE PARK INC., AND EDGE

RESIDENTIAL INC.

(the "Applicants")

SUPPLEMENTAL BOOK OF AUTHORITIES OF TORO ALUMINUM (A

PARTNERSHIP), SPEEDY ELECTRICAL CONTRACTORS LTD., & DOLVIN

MECHANICAL CONTRACTORS LTD.

November 21, 2018

TO: SERVICE LIST

LEVINE SHERKIN BOUSSIDANBarristers23 Lesmill Road., Suite 300Toronto ON M3B 3P6

KEVIN D. SHERKIN — LSUC#27099BEmail: kevin@lsblaw.comJEREMY SACKS — LSUC#62361REmail: Jeremy@lsblaw.comTel: 416-224-2400Fax: 416-224-2408

Lawyers for Toro Aluminum (APartnership), Speedy Electrical ContractorsLtd., & Dolvin Mechanical Contractors Ltd.

URBANCORP TORONTO MANAGEMENT INC. ET AL.SERVICE LIST

(Updated October 23, 2018)

TO: DLA PIPER (CANADA) LLPSuite 6000, Box 3671 First Canadian PlaceToronto, ON M5X 1E2

Edmond F.B. Lamek / Danny M. NunesTel: 416.365.3444 / 416.365.3421Email: edmond.lamek@dlapiper.com/danny.nunes@dlapiper.com

Lawyers for the Urbancorp CCAA Entities

AND TO: KSV KOFMAN INC.150 King Street West, Suite 2308Toronto, ON M5H 1J9

Bobby Kofman / Noah Goldstein / Robert HarlangTel: 416-932-6228 / 416-932-6027 / 416-932-6225Email: bkofman ksvadvisory.com / ngoldstein ksvadvisory.com /

rharlanci ksvadvisory.com

The Monitor

AND TO: DAVIES WARD PHILLIPS & VINEBERG LLP155 Wellington Street WestToronto, ON M5V 3J7

Robin B. Schwill / Jay SwartzTel: 416-863-5502 / 416-863-5520Email: rschwill dwpv.com / jswartz dwpv.com

Lawyers for KSV Kofman Inc., in its capacity as Monitor

AND TO: BENNETT JONES LLP3400 One First Canadian PlaceToronto, ON M5X 1A4

S. Richard Orzy / Raj S. SahniTel: 416-777-5737 / 416-777-4804Email: Orzyr bennettiones.com / SahniR bennettiones.com

Lawyers for Urbancorp Inc. and Alan Saskin

3514838

2

AND TO: DENTONS CANADA LLP400-77 King Street West, TD CentreToronto, ON M5K 0A1Neil Rabinovitch / Kenneth KraftTel: 416-863-4656 / 416-863-4374Email: neil.rabinovitch dentons.com / kenneth.kraft dentons.com

Lawyers for Adv. Gus Gissin, in his capacity as the Court-appointed IsraeliFunctionary of Urbancorp Inc.

AND TO: GOODMANS LLPBay Adelaide Centre333 Bay Street, Suite 3400Toronto, ON M5H 2S7

Brian EmpeyTel: 416-597-4194Email: bempev qoodmans.ca

Lawyers for Parc Downsview Park Inc.

AND TO: TORYS LLP79 Wellington Street West, 30th FloorBox 270, TD South TowerToronto, ON M5K 1N2

Scott A. BornhofTel: 416-865-7370Email: sbomhof torvs.com

Lawyers for First Capital Realty

AND TO: BLAKE, CASSELS & GRAYDON LLP199 Bay StreetSuite 4000, Commerce Court WestToronto, ON M5L 1A9

Silvana M. D'AlimonteTel: 416-863-3860Email: smda blakes.com

Lawyers for Laurentian Bank of Canada

AND TO: CASSELS BROCK & BLACKWELL LLPSuite 2100, Scotia Plaza40 King Street WestToronto, ON M5H 3C2

Jane Dietrich / Natalie E. LevineTel: 416-860-5223 / 416-860-6568Email: jdietrich casselsbrock.com / nlevine(a.casselsbrock.com

Lawyers for Mattamy Homes Limited

3514838

3

AND TO: ROBINS APPLEBY LLP120 Adelaide Street West, Suite 2600Toronto, ON M5H 1T1

Leor Margulies / Dominique MichaudTel: 416-360-3372 / 416-360-3795Email: Imarqulies robapp.com / dmichaud robapp.com

Co-Counsel for Terra Firma Capital Corporation

AND TO: THORNTON GROUT FINNIGAN LLP3200 — 100 Wellington Street WestTD Centre, Box 329Toronto, ON M5K 1K7

John T. PorterTel: 416-304-0778Email: jporter tgf.ca

Co-Counsel for Terra Firma Capital Corporation

AND TO:

AND TO:

AND TO:

TEPLITSKY, COLSON LLP70 Bond Street, Suite 200Toronto, ON M5B 1X3

James M. Wortzman / Catherine E. AllenTel: 416-865-5315 / 416-865-5326Email: jwortzman teplitskycolson.com / callen teplitskycolson.com

Lawyers for Atrium Mortgage Investment Corporation

FRIEDMAN LAW PROFESSIONAL CORPORATION150 Ferrand Drive, Suite 802Toronto, ON M3C 3E5

Judy HamiltonTel: (416) 496-3340 ext. 136Email: jh friedmans.ca

Lawyers for Felice Raso

AIRD & BERLIS LLPBrookfield Place, 181 Bay StreetSuite 1800, Box 754Toronto, ON M5J 2T

D. Robb EnglishTel: 416-865-4748Email: renglish airdberlis.com

Lawyers for The Toronto-Dominion Bank

3514838

4

AND TO: BANK OF MONTREALFirst Canadian Place,18th Floor, Toronto, ON M5X 1A1

Halim ChaccourTel: 416-867-4932Email: halim.chaccour@bmo.com

AND TO: CHAITONS LLP5000 Yonge Street,10th Floor, Toronto, ON M2N 7E9

Harvey ChaitonTel: 416-218-1129Email: harvey chaitons.com

Lawyers for Bank of Montreal

AND TO: GOWLING WLG1 First Canadian Place100 King Street West, Suite 1600,Toronto, ON M5X 1G5

Lilly A. Wong / Clifton P. Prophet / Frank LamieTel: 416-369-4630 / 416-862-3509 / 416.962.2609Email: lillv.woncOgowlingwIg.com / clifton.prophet owlingwIg.com /

frank.lamie ciowlingwld.com

Lawyers for Canadian Imperial Bank of Commerce

AND TO: MCCARTHY TETRAULT LLPSuite 5300TD Bank TowerBox 48, 66 Wellington Street WestToronto ON M5K 1E6

Heather MeredithTel: 416-601-8342Email: hnneredith mccarthy.ca

Lawyer for the syndicate of lenders represented by The Bank of NovaScotia, as Administrative Agent

AND TO: WESTMOUNT GUARANTEE SERVICES INC.600 Cochrane Drive, Suite 205Markham, ON L3R 5K3

Jim EmanoilidisTel: 647-499-8249Email: i im westmountduarantee.com

3514838

AND TO: KAREG LEASING INC.31 Davisville AvenueToronto, ON M4S 1G3

Dino ChiesaTel: 416-520-3119Email: dinochiesa@resreit.ca

AND TO: MINISTRY OF FINANCE77 Bay Street, 11th FloorToronto, ON M5G 2C8

Kevin O'HaraTel: 416-327-8463Email: Kevin.Ohara ontario.ca

AND TO: TORYS LLP79 Wellington Street West, 30th FloorBox 270, TD South TowerToronto, ON M5K 1N2

Adam M. SlavensTel: 416-865-7333Email: aslavens torys.com

Lawyers for Tarion Warranty Corporation

AND TO:

AND TO:

AND TO:

CHAITONS LLP5000 Yonge Street,10th Floor, Toronto, ON M2N 7E9

Barry RotenbergTel: 416-218-1133Email: BRotenbercachaitons.com

HENDRICK AND MAIN DEVELOPMENTS INC.109 Atlantic Ave, Suite 302BToronto, ON M6K 1X4

Rick lafelice / Gemma FoxTel: 416-530-2438Email: rick(amainandmain.ca / gemma mainandmain.ca

FASKEN MARTINEAU DUMOULIN LLP333 Bay Street, Suite 2400Toronto, ON M5H 2T6

Aubrey E. KauffmanTel: 416-868-3538Email: akauffman@fasken.com

Lawyers for Travelers Guarantee Company of Canada

3514838

6

AND TO: FOGLER, RUBINOFF LLP77 King Street WestTD Centre North TowerSuite 3000, P.O. Box 95Toronto, ON M5K 1G8

Vern W. DaReTel: 416-941-8842Email: vdare foglers.com

Lawyers for Adrian Serpa and Stefano Serpa

AND TO: CITY OF TORONTOLitigation Section, Legal Services Division26th Floor, Metro Hall, Stn. 1260, 55 John StreetToronto, ON M5V3C6

Christopher J. HendersonTel: 416-397-7106Email: chender3@toronto.ca Counsel for the City of Toronto

Lawyers for the City of Toronto

AND TO: FARBER FINANCIAL GROUP150 York Street, Suite 1600Toronto, ON M5H 3S5

Hylton Levy / Rob StelzerTel: 416-496-3070 / 416-496-3500Email: hlevy farberfinancial.com / rstelzer farberfinancial.com

Financial Advisors for the Court-appointed Israeli Functionary ofUrbancorp Inc.

AND TO: DICKINSON WRIGHT LLP199 Bay Street, Suite 2200Commerce CourtToronto, ON M5L 1G4

Lisa S. Coyne / David P. PregerTel: 416- 646-4608 / 416-646-4606Email: Icorne dickinsonwright.com / dpreder dickinsonwright.com

Lawyers for certain purchasers of pre-construction units

AND TO: SALVATORE MANNELLA PROFESSIONAL CORPORATION3700 Steeles Ave W. Suite 600Woodbridge, Ontario L4L 8K8

Salvatore MannellaTel: 905.856.0773 ext.273Email: mannella westonlaw.ca

Lawyers for Pro-Green Demolition Ltd.

3514838

7

AND TO: TORKIN MANES LLP151 Yonge Street, Suite 1500,Toronto ON M5C 2W7

Kayla KwinterTel: 416 777 5420Email: kkwinter torkinmanes.com

Lawyers for MDF Mechanical Ltd.

AND TO: ALVAREZ & MARSAL CANADA INC.Royal Bank Plaza, South Tower200 Bay Street, Suite 2900P.O. Box 22, Toronto, ON M5J 2J1

Tony Zaspalis / Amanda FavotTel: (416) 847-5171 / (416) 847-5163Email: tzaspalis alvarezandmarsal.com / afavot alvarezandmarsal.com

Receiver of Urbancorp (Leslieville) Developments Inc., Urbancorp (TheBeach) Developments Inc., and Urbancorp (Riverdale) Developments Inc.

AND TO: BLAKE, CASSELS & GRAYDON LLP199 Bay StreetSuite 4000, Commerce Court WestToronto, ON M5L 1A9

Pamela L.J. Huff / Milly ChowTel: 416-863-2958 / 416-863-2594Email: pamela.huff@blakes.com / milly.chow blakes.com

Lawyers for the Receiver and Construction Lien Trustee, Alvarez & MarsalCanada Inc.

AND TO: CASSELS BROCK & BLACKWELL LLPSuite 2100, Scotia Plaza40 King Street WestToronto, ON M5H 3C2

Mark St. CyrTel: (416) 869-5462Email: mstcyr casselsbrock.com

Lawyers for 1481614 Ontario Inc. formerly carrying on business as ColdwellBanker Case Realty

AND TO: GOLDMAN SLOAN NASH & HABER LLP480 University Ave Suite 1600Toronto, Ontario M5G 1V2

Mario Forte / Robert J. DrakeTel: 416 597 6477 / 416-597-5014Email: forte qsnh.com / drake(asisnh.com

Lawyers for Fuller Landau LLP, Proposal Trustee to Alan Saskin

3514838

-8

AND TO: FULLER LANDAU LLP151 Bloor Street WestToronto, ON M5S 1S4

Gary Abrahamson / Adam Erlich / Ken PearlTel: 416-645-6524 / 416-645-6560 / 416-645-6519Email: GAbrahamsona.FullerLLP.com / AErlicha,FullerLLP.com /

KPearl@FullerLLP.com

Proposal Trustee to Alan Saskin

AND TO: DELZOTTO ZORZI, LLP4810 Dufferin Street, Suite DToronto, ON M3H 5S8

Robert W. Calderwood / Sabrina AdamskiTel.: 416-665-5555E-mail: rcalderwood( dzlaw.com / sadamski@dzlaw.com

Lawyers for Furkin Construction Inc. and GMF Consulting Inc.

AND TO: FINE & DEOBarristers & SolicitorsSuite 300, 3100 Steeles Avenue WestVaughan, ON L4K 3R1

Jonathan H. Fine / Maria DimakasTel: 905-760-1800, Ext. 226 / 905-760-1800, Ext. 247Email: jfine@finedeo.com / mdimakasa,finedeo.com

Lawyers for Toronto Standard Condominium Corporation No. 2302, TorontoStandard Condominium Corporation No. 2348 and Toronto StandardCondominium Corporation No. 2448

AND TO: LEVINE SHERKIN BOUSSIDANBarristers & Solicitors23 Lesmill Road, Suite 300Toronto, ON M3B 3P6

Kevin Sherkin/Jeremy SacksTel: (416) 224-2400Email: Kevin@LSBLAW.com / jeremv@Isblaw.com

Lawyers for Speedy Electrical Contractors Ltd.

3514838

URBANCORP TORONTO MANAGEMENT INC. ET AL.SERVICE LIST — EMAIL ADDRESSES(Updated October 23, 2018)

edmond.lamek@dlapiper.com; danny.nunes@dlapiper.com; bkofman@ksvadvisory.com;ngoldstein@ksvadvisory.com; rharlang@ksvadvisory.com; rschwill@dwpv.com;jswartz@dwpv.com; Orzyr@bennettjones.com; SahniR@bennettjones.com;neil.rabinovitch@dentons.com; kenneth.kraft@dentons.com; bempey@goodmans.ca;sbomhof@torys.com; smda@blakes.com; jdietrich@casselsbrock.com;nlevine@casselsbrock.com; Imargulies@robapp.com; dmichaud@robapp.com; jporter@tgf.ca,jwortzman@teplitskycolson.com, callen@teplitskycolson.com; jh@friedmans.ca;renglish@airdberlis.com; halim.chaccour@bmo.com; harvey@chaitons.com;lilly.wong@gowlingwIg.com; clifton.prophet@gowlingwIg.com; frank.lamie@gowlingwIg.com;hmeredith@mccarthy.ca; jim@westmountguarantee.com; dinochiesa@resreit.ca;Kevin.Ohara@ontario.ca; aslavens@torys.com; BRotenberg@chaitons.com;rick@mainandmain.ca; gemma@mainandmain.ca; akauffman@fasken.com;vdare@foglers.com; chender3@toronto.ca; hlevy@farberfinancial.com;rstelzer@farberfinancial.com; Icorne@dickinsonwright.com; dpreger@dickinsonwright.com;mannella@westonlaw.ca; kkwinter@torkinmanes.com; tzaspalis@alvarezandmarsal.com;afavot@alvarezandmarsal.com; pamela.huff@blakes.com; milly.chow@blakes.com;mstcyr@casselsbrock.com; forte@gsnh.com; drake@gsnh.com;GAbrahamson@FullerLLP.com; AErlich@FullerLLP.com; KPearl@FullerLLP.com;rcalderwood@dzlaw.com; sadamski@dzlaw.com; jfine@finedeo.com; mdimakas@finedeo.com;Kevin@LSBLAW.com; jeremy@lsblaw.com

3514838

Court File No.: CV-16-11541-00CL

ONTARIOSUPERIOR COURT OF JUSTICE

COMMERCIAL LIST

IN THE MATTER OF THE COMPANIES' CREDITORSARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDEDAND IN THE MATTER OF A PLAN OF COMPROMISE ORARRANGEMENT OF URBANCORP CUMBERLAND 2 GP INC.,URBANCORP CUMBERLAND 2 L.P., BOSVEST INC., EDGE ONTRIANGLE PARK INC., AND EDGE RESIDENTIAL INC.

INDEXTab Document

(the "Applicants")

1. Excerpt from the Report of the Attorney General's Advisory Committee on the DraftConstruction Lien Act. Citation: Ontario. 1982. Report of the Attorney General'sAdvisory Committee on the Draft Construction Lien Act. Toronto, Onatario: OntarioMinistry of the Attorney General.

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property sold by making all payments teat he is obliged to make

under his contract in accordance with the proper payment

procedure set out in the Act. The trust rights isolate contract

monies, and require them to be used for paying suppliers who

have contributed towards the making of an improvement. By

making these funds a trust, the suppliers to a payer are given

protection in the event that the payer becomes insolvent, since

the monies will riot then form part of his estate. In addition,

the trust rights permit the tracing of contract funds that are

us ed for an in pr ope r pur pose.

By providing these rights, the lien legislation

facilitates the granting of credit within the construction

industry. The protections afforded by the Mechanics' Li en Act

h ave now beoonie an integral factor in the provision of credit in

that industry. Thus, the Act makes it easier for construction

to take place, since it assures that credit will be made

available, In addition, by providing a uniform regime of rights

to all suppliers in the industry, that. Act reduces both the

costs of negotiating both construction contracts and sub-

contracts, and also the uncertainties inherent in any complex

system of contractual relationships.

For these reasons, there is virtual unanimity within

the construction industry that the remedies provided by the Act

should continue to be made available. They are viewed to be

essential to the health of the industry. At the same time,

however r there is also a general consensus within the industry

that the present operation of the Mech anics' Lien Act is

unsatisfactory, and that this area of the law is ripe for

reform. It is widely believed that the present Act does not

provide the protection which it was intended to afford. In

addition, it is widely believed that the rights provided by the

Me ch an ics' Lien Act are vague and ill-defined, and subject to

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ibO the ::...JV ..41tY* • litint:•-• •tibia "-,

tt,;14ac.., ,:i: 5, -,.3t1'4-, 1: : ,tifg.t.• r ttiitk --,i4 -446.4An, v)4,,,.f. .7,:„.. -.....:,....... so te .411.1,dida, tut e, 41t,t,,.... "i' 2•6iti'

40-,.4(r. :the :.4:0itt4641A fc.W-',...:,• '.• .. .

• .... •449 4.,..s.• Pk' a -t,•42,P ,

::,.. irt1:,-. -2,rlais..,, _ is cjstomarzwithtn•-,.).4t44 ...103.0414,-,*•tf; I, ce • tir.• v., f.,,..,,,.•_$,. ... 7... - .

;On e - or ,st-').4•0 1.400..ir*.1*.li.#00***)); 414 p:t.S000Pes-, that:- .. . ,.... . • .s....-0'-:*000:41*40 the trial -6-k -thoi;k::

:;-:,,. Af.*#i•:aiida)p the is which:gOvevns• t tor and the ,a10. .•ett•

.

.,..- . • •

,j0-tk:-#21,, 11,1)i41:- --they Ocip•Cier,rt. *. *1), •10Ftit*i',tive:- :riat:'•--.•010;y elq.30065-*- . = -:: * (''------•.*: f,̀.•:. -, - • -• - -• •.* r 0

,...., : . • , ., ,.• , , 4444§0- 'cit.1FE t*;'• 04,*A71 .0U0;F`' #.' '0:#-,

....y ,i--- •:4-6fekt Second, -4.* -a coliateral 0. . t of 1--, -P -:

--:ju :ii(chptlori. , tis,

e* -le P; a :..

Tkird,.' 10-- 4*"'s•.•

. • ..: . • •...: .,„,.,..:„..-:::***-:

':.:10.1741004'.# -' ; .., - :.crerr4ai j. Oitit :*-04V7'!;- *0

tr iii 01-448#:'-.400ptis--1:t40 ??Ii0.ttivoi4 costilott.44 4.1124i*...k

..-.4,rv04y t 0,:' .'040.4.s

•

. rle- M t 4en• .•• a .of-

17

•

1e

titiotid

•-4• •4q1 of 004•40.-:

Of thti,opinion

-.6 IjQc 1 . P.,t04; )OW0*.

• . pprg

the one in r • ‘41ittitt- could ..... • . •. •

AO:

,inlVt0,irOe:4rawai,:f;rcktki44k*'t

pRpiaceati.eht .1,0 the .,Meralanags.-1 laen_ *It ly Tieuir tterj

Ger.erI64:16ti*V AviutOro..*IVSX.010,,4.4.4::•!-.-

• t

ktve:,me7aiati9-

:16fePciUt eoiti10:104-

0000#: ;,014u--tt'oti £n Lt rn:t!t ty wth--.. • - - • .

1e1 tOp 4tiU. jc tatute would

"

46044

•.,. ._. •. . ...tbe

ep

" • • • • :•--. . •

• •- • ••

•

18

ttf,

an 1.-cs n Att .•g

wås :tøp :cdlitt3.1

19

viciA*

,ctir#4. •

the Discla-esidelft

014- *4 tb# i4.".0:eAkt;

'cluittrxWktitir; 4day :petiod - Aiti4therqt. Afititt

vatrii-Aft

4,04;'11..0

stibti_tgaat-t.-401enti.. awan

-t-211- ,:lr+-opois-t-d 30 Atiticitinviti. _ .P,,I;mptect- :t1-1. 04- „ig44#.40

00#44:4 1.0k.471.441f.tt4de'd

the .14tV,Itiii::-'elit6hd‘,a-:,:tts, 40

se

f*k

23

1

•‘: • .aort- tit

•vis*001401107*Kt` 'from

piites.tit.. ;ties*, rtoolvioite.w:",iiii-ogett,:, an ou

•c44 -̀-e Xow: r: "spy ` .. r'! .tr.Lifen

ilearls'tfievti lOrtgaitteg0 to

44" if...h*:#404,0#910.- pr ov a

404•ikliti.if:t4P::i 511004 100:4‘.-9:titOtif:1). 0".p.1044./.4 0:4

the ;;;00, PP120144,06*-50......Itt nr*Ct- -

. • . . . • . . .• .•.• • .•it***t;;...:P.0040.400. w040*Sli, * ‘"*.‘•01***:04•4

10#0.6:**Figt:04.04* *fi40soiZ̀*014:'

10.414,;',14: t4), ,X".*ke;OiSt 'il-40:04010n44. •• • ..•

•:e• Vii;-2 K •• • ' :tfk, . • "Tr-7,f ..7r.•T4q,

."4:44:tf:** •114 !AtOf--.00:tei;4000,:5*7 1Te'

:004#1, .*IP*04 aavi'kP.-174tavAk.01.*,0•00;:r4VI T'•

. Ittg-tI—Ot

::0154:5* Hr ̀ #t 4;246:1.00 kik*aitordoca-t-:.---pin ticket-1'011s".

4466004:4

•

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•

.„.„ •ut-7,4

•

24

At the same time, there does not appear to be any

practical reason for permitting a supol ler to interrupt the flow

or contract monies by giving notice of a breach of trust. Any

supplier who wishes to protect himself may preserve a lien and

g ive wz tten notice of that 1 ien to the owner . in the event

that this is done, there are clear steps available to the owner

to protect himself and the supplier, and also to reopen the flow

of payment. There is no need for a second method of

interrupting pityment.

The Can eves at musk` pttiv lions

of the Act serve a useful purpose, they are in need of

clarification. These provisions prevent contract monies from

being misappropriated, and protect those monies Iran the claims

of other cc. ankruptcy. The Committee

believes thei't r. A.gtiiii-6a'a - st,t specifically the obligations

of a trustee and should outline how those obligations are to be

discharged. in the opinion of the Committee, the obligations

of a trustee under the Act are no more and no less than to use

the contract monies which are paid to him to pey those who

supply services or materials to hirn in respect to an improvement

for those services and nbterials. However, the Committee

ackncialedges that there may be occasions where a person may

believes that he has come into the possession of trust funds,

yet he is unsure of his precise obligations that result from

this. A typical situation, is where a private receiver

appointed under a debenture comes into possession of money that

he believes to be impressed with a trust. in such circum-

stances, it would be advantageous if the law permitted an

application to count for directions as to thg rights and

opbligations of all parties interested in the trust. Section 68

of the Committee Draft provides for such a right.

Page 1 of 1 25

A

A

•

in P III. . .

tto--:)4fttiati*e, Wows ed $4.4e egijgt raeth.!•:•:0410,18..."..., • e ,

- •••

139sse. ,

• er• --.4t t'e cake .0:t.- •-.460***(0—npre. 1ses that is owp.06.1 ii jøi.ct or, -Lenanc

alto the-riew . •

. •

tbe.;i ACW•143ri'tO

• •

*••• • 4.4•19l.t?).it,

Atturtilityther7}18151tar.

;04****-6-':W: -.. •

40ig.44t#00#0:

.rf*d**44 .11 cit-thi?s-Vrg.400244.•

•

• . t

• r .

t

•

.'01:,...i.,̀ ••• ' :.. ...'-'

.4 tt .i the :`- ...t

, ,..-•

: .:;Ji.. . 7'.: '• • --1:43.-,-...*

.).00400#01/114::::. pos ..f.'"7. .. .'r.

,:•-frit 0' #C' ts b.i .riv.,• 00400.0.4,ii *Iiiii'Prafi.6*44.004t4)---..PO PTY- f,* :1.:.0'.4. . o. or ©n -'i.i4i,- -c66 ,4.f.,,

4,03.11,0;141.i0.41,i 1;.* •k f.g*--. $*!!iikze,1,,.. ltk.,.sOOr .wo..4d: 11iii*'_-4in.

ttle*(400-jb .t."61.4..:::#0 •trie: 440.1..W..'*.....0. 4. .:.41.140 1::040-

*.;44:104: •Ae-:.40Vei. to .00:E;'alio: the ont trust--- iacF,...,:-.::: :,

ii ey '••would.have• •• • been -*it 091,,fLelk -the --,, an

0.:-... 3*.- *''''1P.ws While the

•

*Orra'441:4

26

a

fte

et

_ . .aofe never -f4

4:1 Ii:: 't.',:i:

61 ':11#y,-.•,.',/,,_ - , - - -•,:-:..-:-,:'.... ,....-t..?3, .2---. ?,-,•5

' ....for each t‘ . In the case ; 0,-. f . many''. -- -. -: .....,,,,,,,z:-..4•:,,,-..

'-'- :-'- • ' large'- ' 001..i.trA4,..--_' 1 0 ----. - -. ?,..7.;,.. '7 '. . co-tract

' . .- i,6 iiiiii:iii44i'..r0*:---,i'4-'##* 6..14,..'46:, 4,

every these. -,

-'s ve , ...

rlie y .,'yeo,r . The ' Cps t of open ing r . dO, : . ,

%4i64' C.-" a ' - - •

Lieen reel oil'ea

- hti61144-4.... ".40---' 1°° F'

q9,944g5 "-it#.4P.4?..',4• ::043/ :..sbeen _ v ery h i gh Lt,- 11).otifip404 , these are;-45,.44.:,,,,xv,\i,li,- ,,i.-....e... :-.:;i:..-.4:•.:::,i, .,-. ; , ;- .....14,--,--..'-' ,,,-,, - • ,L.i.a.,,,,..-.-̀f •-z.i. - . t er S ,,,,r_ho are ' th e -:)***t like:1.'y - to -4:1041-l1 •t.-4,0;

S,6k. a result the total cost of this

ikely have gret1,y e x?..1*Osig-Cj, the c' ost whiJt

he holiclb a -0,06to04; On :the ini:ItastrY-:,

aWit le 1 :14T:t Viii00. conmn forms off

:JAW C e

r:61-y res c the • **-:

...IN,* V • •

ot*:.,k.

h ai;re

g tior a3 •

VII. • 'WOW

4,4tt:respect to the ho the

s-- 5 ktua relay as

f the, the prem is es Az - r e0A-t

J. tQn..of arrears irk liKrgE*Srt =where .#4454n et de f 40.11:24f 'A r rtgage 51 the tei iVe. priorit

os0; :liens are tht....440,10' 0.

. . •

• .

nn nn1 /I• P 1 • 1 " • 4 Aft I• . a a Ia. a II.

27

9

• La

•

_

• • •,2e5."t Atal :.to'.1.-eitiaiit • • ko,b.i•eni ad 3 s t 0s e .

• .,pg.-.Loritti.$' $0 $:$.:.f !pb, It the 1.-i0i-••!3d- I:a iiftall t, s rqht

. = • - - - - • - - - -

proposeto 54'y

•_ i---3rtgage fOr- the purpose of

.. .. : -pv fpperit t'!bliii-liiii,1-9 Or:k9....- - . .. ..... _.,.. ,. ,. , ,.... _.

:••- -......',OY mottgagee i'<o y:xi fa : ;4,:i.,. 16 ttri.,,-,is:,

tiliiticluklit to the'....66tinecteht of the .:t. -,,,,:,,,,, • - :. -":',P ..' :::..,t,':;"•—• *.• :*: ., . • , .• :.: , At'? ; %. I 1.•.:r '',‘: ..' . . , .1 - . - ,...-• ':. -•'::..'1.,:: . • • ' • , . ';,' - - - • -',:-•:''.:)--,.. 0 Alt

trt ti .. feir41*. W.r4-0* .0. ‘: 44,sif.*e•-•-o that;

31,

1:040t*iail2e to ptead risks aneio

Ve:A.tama

47*. *-W- ',.-•-•—•u

;,*0411#0* Th r rsing streagth4 movtga. .

- t& in In al terhate sec

0 C:13#0:::140.::400,6:00:t* cjillt, 1 41s

'.P4*- 40 4c Tggcs4.1t A;it thei.,r e,. • Pr lor

kW' i0t44^.40b. titms.,Actadl,t1

but this • f4ii•-&1iiiW1,41 iipost7,1411. 1.1*-01-x reflect

e4Y the '"t, Pf r owner.:s

itiouioncys tc ,f the:ti -.41t4 Wke* the uilanca1: -stbil:it:-__Cem

04.**114';',±4;;;i.i - 011-t':'.*960:-.--4•

-tional.43pp;ef tir

:tegult 1.1-thl. isisteitive costV

4,S,*.:21A5v- -R it.** • *,'Whl- 4

—1."•••••••• :A.A. • . t314 • ''.0.4.4C.

•••;:.• •

• . .: .•

28

•

29

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• 1.41.•-

.01J •I:j 4 ,

tthg4i • •

hhts•

igt.*:$04, • 1M."'

• • craa. • .n.•

•

3.kitivsgibtir. •*.bt,:4:gait0.111% ;42t},'-•

444Piákï..:** 40„.isiogas.4 • • • • it fkkibi ,;f:itk.•;•ii;t114.1•SW

'71.4 ••,), ••

*1'142.`;:t'.0V4*.4.14g,f0:gr)::40~,:

,141-g .:,e:xpètsisg

• • . • • • ••

*1.4161..

log; • th 0,01)30:"*~::tiitoo2

c.tlettg nee,.

:In. tor:- .004.1.tii`• " • :•"tt•gt4Olitt-leif tfte

a.1~544.ke,

••-diigeá44.3b:~*átkit..4,1 4-i:édjitUr

• •. .• •• • • .

tránYtiliWav:k•xt . •: • • . .

RZS;te"..*4114

• 1.

•114

Arie -•

.t.6.- • vita. • y-p

•• •

117#0510V ï•;• •

A.:~ted . l'effiiiptitatját •

.n• •

relmetant-tti• ii4solone~ 114.:19tenti: eft .k..1;4;,,

jxmi4140

30

31

,

-4

J

r

J

-i

_J

Court File No.: CV-16-11541-00CL

IN THE MATTER OF THE COMPANIES' CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDEDAND IN THE MATTER OF A PLAN OF COMPROMISE OR ARRANGEMENT OF URBANCORP CUMBERLAND 2 GP INC., URBANCORPCUMBERLAND 2 L.P., BOSVEST INC., EDGE ON TRIANGLE PARK INC., AND EDGE RESIDENTIAL INC.

ONTARIOSUPERIOR COURT OF JUSTICE

(COMMERCIAL LIST)

PROCEEDING COMMENCED ATTORONTO

SUPPLEMENTAL BOOK OF AUTHORITIES OF TOROALUMINUM (A PARTNERSHIP), SPEEDY

ELECTRICAL CONTRACTORS LTD., & DOLVINMECHANICAL CONTRACTORS LTD.

LEVINE SHERKIN BOUSSIDANBanisters23 Lesmill Road., Suite 300Toronto ON M3B 3P6

KEVIN D. SHERKIN — LSUC#27099BEmail: kevin@lsblaw.comJEREMY SACKS — LSUC#62361REmail: Jeremy@lsblaw.comTel: 416-224-2400Fax: 416-224-2408

Lawyers for Toro Aluminum (A Partnership), SpeedyElectrical Contractors Ltd., & Dolvin Mechanical ContractorsLtd.