The agreement is the result of the previously announced lease monetization process approved by the Ontario Superior Court of Justice (Commercial List) (the “Court”), whereby the Company sought sale proposals from qualified bidders in respect of the Company’s leases. Following careful evaluation of final qualified bids, the board of directors of the Company, in consultation with the Company’s financial advisor and broker, respectively, certain of the Company’s senior lenders and the Court-appointed monitor of the Company (the “Monitor”), have determined that entering into the Transaction is in the best interests of the Company and its stakeholders. The Company remains in discussions with other qualified bidders in respect of certain other lease locations, and will communicate the outcome of those discussions, as appropriate, in the future.