RE:RE:RE:RE:RE:UR gets CSA contract The Monitor’s Observations 36. The Petitioners are not currently seeking an extension to the Stay of Proceedings beyond October 3, 2020. However, Management with the assistance of the Monitor has preliminarily developed an updated cash flow forecast (the “Cash Flow Forecast”) for the period beginning on September 23, 2020 and ending on December 18, 2020 which assumes the Petitioners have full access to the Maximum Loan Amount under the Second DIP Term Sheet. A copy of the Cash Flow Forecast together with assumptions is attached hereto as Appendix “C” and is summarized below: To December 18, 2020 Beginning Cash $1,753,000 Receipts $478,000 Disbursements AWS (60,000) Payroll (2,216,000) Restructuring Fees (2,564,000) Intercompany (Geosys) (333,000) Intercompany (Deimos) (382,000) Payment to Interim Lender (126) (1,355,000) Miscellaneous (540,000) Ending Cash Balance $(5,050,000) Interim Financing Draw $6,600,000 Ending Cash after Interim Financing $1,381,000 37. Should the Petitioners have access to the Maximum Loan Amount pursuant the Second DIP Term Sheet, the Cash Flow Forecast projects that the Petitioners will have sufficient liquidity to fund the within CCAA proceedings through to the end of the year (including the Geosys Operation). The Monitor is of the view that this scenario will provide the Petitioners with the necessary funding and “breathing space” to design and implement a SISP to enable a restructuring of the Petitioners or sale of the assets. 38. The Monitor notes that the financial terms outlined above are fair, reasonable and consistent with similarly risked precedent loans. Moreover, the Monitor notes that the interest rate 12 proposed is consistent with the interest rate approved by this Honourable Court in connection with the 126 DIP Commitment Letter.