Nature of Engagement

On June 17, 2014, msi Spergel inc., was appointed Receiver and Manager of all of the assets, undertakings and properties of Devmed JV Inc., 2150657 Ontario Inc., Health Clinic Pharmacies Inc., Dr. G.S. Sidhu Medicine Professional Corporation, Dr. Jaswinder S. Dhillon Medicine Professional Corporation, Dr. Parminder Bahra Medicine Professional Corporation, 1643070 Ontario Inc., Brantford Medical Centre Inc., and Ontario Health Clinics Inc. (the “Companies”). The Companies operated medical practices, pharmacies, methadone clinics and real estate in Brantford, Ontario, St. Catharines, Ontario, Hamilton, Ontario and Simcoe, Ontario.

Summary of Strategy Employed & Outcome