IN THE SUPREME COURT OF BRITISH COLUMBIA

IN THE MATTER OF THE COMPANIES91裸聊视频� CREDITORS ARRANGEMENT ACT, R.S.C. 1985, c. C-36, AS AMENDED

AND

IN THE MATTER OF THE BUSINESS CORPORATIONS ACT, S.B.C., c. 57, AS AMENDED

AND

IN THE MATTER OF BLACK PRESS LTD., 311773 B.C. LTD., AND THOSE ENTITIES LISTED IN SCHEDULE 91裸聊视频淎91裸聊视频�

PETITIONERS

NOTICE TO STAKEHOLDERS

On January 15, 2024, the Supreme Court of British Columbia (the 91裸聊视频�Court91裸聊视频�) pronounced an Order which, among other things, granted the Petitioners and certain related entities (the 91裸聊视频�Non-Petitioner Stay Parties91裸聊视频�) protection from their creditors pursuant to the Companies91裸聊视频� Creditors Arrangement Act (Canada) (the 91裸聊视频�CCAA91裸聊视频�). KSV Restructuring Inc. was appointed as the monitor in the CCAA proceedings (in that capacity, the 91裸聊视频�Monitor91裸聊视频�).

On January 25, 2024, the Court granted an Order which, among other things:

91裸聊视频� Authorized and directed Black Press Ltd. (91裸聊视频淏P Holdco91裸聊视频�) and 311773 B.C. Ltd. (91裸聊视频�311791裸聊视频�) to negotiate a Stalking Horse Transaction Agreement with the holders of certain senior secured notes (the 91裸聊视频淣oteholders91裸聊视频�) and Carpenter Newsmedia, LLC (91裸聊视频淐NL91裸聊视频�);

91裸聊视频� Approved a sale and investment solicitation process (the 91裸聊视频�SISP91裸聊视频�), in which the Stalking Horse Transaction Agreement would act as the Stalking Horse Bid.

At the conclusion of the SISP, no Qualified Bids (as defined in the SISP), other than the Stalking Horse Bid, were received, and in accordance with the terms of the SISP, the Stalking Horse Bid was deemed the Successful Bid (as defined in the SISP). BP Holdco and 3117 have entered into a Share Subscription Agreement, dated March 1, 2024 (the 91裸聊视频�SSA91裸聊视频�) with an entity formed on behalf of the Noteholders and CNL (such entity, the 91裸聊视频�Purchaser91裸聊视频�).

The Petitioners give notice that an application will be heard by the Supreme Court of British Columbia (the 91裸聊视频淐ourt91裸聊视频�) on Monday, March 11, 2024 at 10:00 a.m. local time in Vancouver, British Columbia for approval of the transactions contemplated by the SSA, as well as certain other relief.

Copies of the Petitioners91裸聊视频� Notice of Application and the documents relied on in support of the application, as well as all other Court materials in relation to the CCAA proceedings, can be found at the Monitor91裸聊视频檚 website at:

If the Court authorizes virtual attendance at the hearing, a link to the virtual hearing will be posted on the Monitor91裸聊视频檚 website.