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Court File No. C62655 COURT OF APPEAL FOR ONTARIO THE HONOURABLE JUSTICE DOHERTY THE HONOURABLE JUSTICE MACFARLAND THE HONOURABLE JUSTICE PACIOCCO B ETWE E N: THE CATALYST CAPITAL GROUP INC. and BRANDON MOYSE and WEST FACE CAPITAL INC. FRIDAY, THE 11TH DAY OF MAY, 2018 Plaintiff (Appellant) Defendants (Respondents) ORDER THIS APPEAL by the Plaintiff (Appellant), The Catalyst Capital Group Inc., was heard on February 20 and 21, 2018 at the courthouse, Osgoode Hall, 130 Queen Street West, Toronto, Ontario, M5H 2N5, and was dismissed on February 21, 2018 for reasons for decision dated March 22, 2018. ON READING the Costs Submissions of the Appellant, the Costs Submissions of the Respondent Brandon Moyse, and the Costs Submissions of the Respondent West Face Capital Inc. with respect to the costs of the appeal proceedings, filed with the Court pursuant to the aforementioned reasons for decision, and upon this Court reserving its decision with respect to the costs of the appeal proceedings until May 11, 2018: Tor#: 3818143.4

COURT OF APPEAL FOR ONTARIO...the Respondent Brandon Moyse, and the Costs Submissions of the Respondent West Face Capital Inc. with respect to the costs of the appeal proceedings,

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Court File No. C62655

COURT OF APPEAL FOR ONTARIO

THE HONOURABLE JUSTICE DOHERTY THE HONOURABLE JUSTICE MACFARLAND THE HONOURABLE JUSTICE PACIOCCO

B E T W E E N :

THE CATALYST CAPITAL GROUP INC.

and

BRANDON MOYSE and WEST FACE CAPITAL INC.

FRIDAY, THE 11TH

DAY OF MAY, 2018

Plaintiff (Appellant)

Defendants (Respondents)

ORDER

THIS APPEAL by the Plaintiff (Appellant), The Catalyst Capital Group Inc., was

heard on February 20 and 21, 2018 at the courthouse, Osgoode Hall, 130 Queen Street

West, Toronto, Ontario, M5H 2N5, and was dismissed on February 21, 2018 for reasons

for decision dated March 22, 2018.

ON READING the Costs Submissions of the Appellant, the Costs Submissions of

the Respondent Brandon Moyse, and the Costs Submissions of the Respondent West

Face Capital Inc. with respect to the costs of the appeal proceedings, filed with the Court

pursuant to the aforementioned reasons for decision, and upon this Court reserving its

decision with respect to the costs of the appeal proceedings until May 11, 2018:

Tor#: 3818143.4

-2-

1. THIS COURT ORDERS that The Catalyst Capital Group Inc. shall pay West Face

Capital Inc. costs of the appeal in the amount of $200,000.00 inclusive of HST and

disbursements.

2. THIS COURT ORDERS that The Catalyst Capital Group Inc. shall pay Brandon

Moyse costs of the appeal in the amount of $100,000.00 inclusive of HST and

disbursements.

THIS ORDER BEARS INTEREST at the rate of 3 percent per year commencing

on May 11, 2018.

ENTERED AT IINSCRIPT A TORONTO ON I BOOK NO: LEI DANS LE REGISTRE NO.'.

AUG 022018 J\€OitS7<Z#r£

Of 2̂ (&K

Tor#: 3818143.4

and- BRANDON MOYSE and WEST FACE CAPITAL INC. Defendants (Respondents)

Court File No. C62655

COURT OF APPEAL FOR ONTARIO

PROCEEDING COMMENCED AT TORONTO

ORDER

DAVIES WARD PHILLIPS & VINEBERG LLP 155 Wellington Street West Toronto ON M5V3J7

Kent E. Thomson (LSUC# 24264J) Email: [email protected] Tel: 416.863.5566

Matthew Milne-Smith (LSUC# 44266P) Email: [email protected] Tel: 416.863.5595

Andrew Carlson (LSUC# 58850N) Email: [email protected] Tel: 416.367.7437

Tel: 416.863.0900 Fax: 416.863.0871

Lawyers for the Defendant (Respondent), West Face Capital Inc.

Tor#: 3818143.4

THE CATALYST CAPITAL GROUP INC. Plaintiff (Appellant)