On December 9, 2024, Iplayco Corporation Ltd., Iplayco Canada Inc., and International Play Company Inc. (the “Companies”) filed a Notice of Intention to Make a Proposal (“NOI”) pursuant to subsection 50.4(1) of the Bankruptcy and Insolvency Act R.S.C., 1985, c. B-3 (“BIA”) and Crowe MacKay & Company consented to act as Licensed Insolvency Trustee under the Proposal.

Pursuant to subsection 50.4(8) of the BIA, the initial stay period under the NOI proceeding is from December 9, 2024 to January 8, 2025, unless the period is extended by the Court upon application by the Companies. During this period, the Trustee will monitor the business of the Companies and assist the Companies in preparing its Proposal.

On December 30, 2024, the Company made an application to Court for an order to, among other things, extend the time to file a proposal to February 21, 2025. The above matter is scheduled to be heard in the Vancouver district on Tuesday, January 7, 2025. Copies of the pleadings are included below.

On January 7, 2025, the Court issued an Order extending the time (the “First Extension”) to file a proposal to February 21, 2025.

On February 20, 2025, the Court issued an Order extending the time (the “Second Extension”) to file a proposal to April 7, 2025.

On April 7, 2025, the Court issued an Order extending the time (the “Third Extension”) to file a proposal to April 21, 2025.

On April 17, 2025, the Court issued an Order extending the time (the “Fourth Extension”) to file a proposal to May 12, 2025.

On April 23, 2025, the Companies applied to Court for an order to withdraw its NOIs, having successfully negotiated a settlement with its senior secured creditor. Following the settlement, the Companies determined they could satisfy its remaining pre-filing obligations in the ordinary course, making a proposal unnecessary and an annulment of the NOI proceedings the most practical path forward.

On April 25, 2025, the Court issued an Order terminating the NOI proceedings.