November 4 - 7, 2010

--~- ~ (t)Taumon{ SCOTTSDALE

Th e AAA Five-Diamond Fairmont Scottsdale Resort offers world-class hospitality in the Valley of the Sun. Th e Resort reflects the dynamic environment that surrounds it - where sun-washed stone and bright green cottonwoods rise up to meet the pale-blue sky and majestic purple mountains.

Boasting Willow Stream Spa, one of the best Spas in North America (as ranked by Conde Nast Traveler), two award-winning restaurants, state-of-the art meeting facilities , and two 18-h ole championship golf courses­on e of which is h ome to the Annu al PGA Tour Waste Management Phoenix Open- (formerly the FBR Open)

7575 East Princess Drive I Scottsdale, Arizona 85255-5802 480.585.4848 1 480.585.0086

Scottsdale@fairmont.com : www.fairmont.com/scottsdale

- this highly acclaimed Scottsdale resort is truly an experience like no other.

Accommodation; Richly appointed guest rooms through­out the resort have well-defined living and work areas, terraces, wet bars, refreshment centers and oversized luxury bathrooms. Enjoy authen tically local Scottsdale lodging with the ideal blend of style, luxury and comfort, featuring the subtle undertones, earthy accents and patterns of the Southwest.

Keynote Speaker TODD BUCHHOLZ

Todd Buchholz is a former director of economic policy at the White House, a managing director of a $15 billion Tiger hedge fund, and an award winning economics professor at Harvard. He has been a senior economic advisor to President Bush, and he frequently appears on the ABC News, PBS, CBS, CNBC, and National Public Radio. He has been published, cited and recognized in publications such as the New York Times, the Associated Press, Wall Street Journal, American Economic Association and Forbes.

Buchholz is a renowned author with numerous books published in dozens oflanguages. His latest book, New Ideas from Dead CEOs: Lasting Lessons from the Corner Office, won the 'Best Book of the Year' by Entrepreneur. He's also authored, The Castro Gene, Market Shock: 9 Economic and Social Upheavals that Will Shake Our Financial Future, New Ideas from Dead Economists, From Here to Economy, and Bringing the Job Home. He holds advanced degrees in economics and law from Cambridge and Harvard Universities.

Conference AT-A-GLANCE

4:00 pm-5:30 pm

6:00 pm

7:00 pm

Judicial Forum (for invited judicial guests only)

Welcome Reception

Dinner "Under the Stars" at the Fairmont Scottsdale

ay, NOVEMBER 5

7:00 am- 8:00 am

8:00am

8:15am

9:30am

Breakfast

Welcome & Opening Remarks

Case Study: Phoenix Coyotes

An opportunity to review the historic Phoenix Coyotes case with Justice Redfield Baum and Justice Charles Case (Arizona)

Credit Bidding in Sales Conducted within Insolvency Proceedings

Panelists: Paul Bishop, FTI Consulting, Toronto, ON

Sean Collins, McCarthy Tetrault, Calgary,AB

Shayne Kukulowicz, Fraser Milner Casgrain LLP, Toronto, ON

10:30 am -10:45 am Refreshment Break

1 0:45 am - 11 :45 am IIC Strategic Review

11 :45 am - 12:45 pm Primary and Secondary Loan Markets

12:45pm

1 :00 pm - 5:00 pm

5:30pm

6:00 pm - 1 0:00 pm

Discussion will include the impact of the recession on debt syndication participants.

Panelists: Michael Friedman, Richards Kibbe & Orbe ILP New York, NY

Paula Rosen, Morgan Stanley, New York, NY

Friday Program concludes

Recreational Activities of your choosing Various options are outlined on the enclosed page.

Shuttle to Los Cedros {20 minutes)

Evening at Los Cedros Arabian Horse Ranch Reception & Dinner, Entertainment

Saturaay, NOVEMBER 6

7:00am- 8:15am 7:45 am - 8:15 am

8:15am

8:15 am- 8:30 am

8:30 am - 9:30 am

Breakfast

Annual General Meeting

Saturday Program Begins

Presentation from Office of Superintendent of Bankruptcy

Keynote Speaker: Mr. Todd Buchholz (Refer to bio on page 2)

9:30 am- 10:00 am Refreshment Break

1 0:00 am - 11 :00 am Alternative Restructuring Arrangements Pursuing reorganizations through plans of arrangements, debt exchanges and debt buybacks.

Panelists: Rob Chadwick, Good mans LLP, Toronto, ON

Tony DeMarinis, Torys ILP, Toronto, ON

Richard Grudzinski, RBC Capital Markets, Toronto, ON

Paul Rivett, Fairfax Financial, Toronto, ON

11 :00 am - 12 noon Insolvency of a Family or Closely-Held Business

12 noon

Afternoon

6:00pm

7:00pm

Panelists: David Byers, Stikeman Elliott, Toronto, ON

Paul Hickey, Ernst & Young Inc., St. John's, NL

Michael Milani, McDougall Gauley, Regina, SK

Program Concludes

Golf at TPC Scottsdale

Recreational Activities of your own choosing Various options are outlined on the enclosed page.

Reception {Fairmont Scottsdale Resort)

Dinner, Awards & Entertainment {Fairmont Scottsdale Resort)

ay, NOVEMBER 7

8:30 am - 1 0:30 am Breakfast

**Speakers listed were confirmed as time of printing. Program & schedule subject to change

General INFORMATION

LOS CEDROS l os Cedros, an exotic citadel in the high desert of Scottsdale, is a premier breeding and training facility for some of the finest Arabian horses in the country. Art and functionality are blended with the natural desert environment to create a compound of resources for the excellence and performance of these noble horses.

Magnificent, lush courtyards will provide the setting for the Friday evening reception and dinner. This Moroccan experience will include viewing the breathtaking "throne room" imported from Morocco and the equine swimming pool, as well as a glamorous presentation of the National Champion horses that call Los Cedros home.

CONFERENCE 2010 COMMITTEE Chair Neil Narfason

Ernst & Young Inc., Calgary, AB

Jeffrey Carhart Miller Thomson LLP, Toronto, ON

Howard Gorman Macleod Dixon LLP, Calgary, AB

John Grieve Fasken Martineau DuMoulin LLP, Vancouver, BC

Richard Grudzinski RBC Capital Markets, Toronto, ON

Bruce Maclennan Century Services, Calgary, AB

David Mann Fraser Milner Casgrain LLP, Calgary, AB

Raymond Massi RSM Richter Inc., Montreal, QC

Charles Russell Mclennan Ross LLP, Edmonton, AB

Bruce Taylor Aikins, MacAulay & Thorvaldson LLP, Winnipeg, MB

TRANSPORTATION Air Canada and West Jet have been appointed as the official airlines for this event. Please feel free to contact Joanne Salsbury at Farewell Travel Services, (416) 363-5191 , toll-free at 1-800-661 -5035 or by e-mail at jsalsbury@farewell-travel.com to assist you in booking your travel.

For Air Canada, please quote the convention number: N4J9W7W1

For WestJet, please quote the convention number: CC6522

TRAVEL TO FAIRMONT SCOTTSDALE Fairmont Scottsdale is serviced by the Phoenix Sky Harbor International Airport.

From Phoenix Sky Harbor International Airport to Fairmont Scottsdale: + Follow Sky Harbor Blvd. to 'East Cities/Exit 202'. + Continue to Hwy 202. Take Hwy 202 East to Hwy

101 Loop North. + Follow Hwy 101 North and exit on Hayden Road

(DO NOT EXIT AT PRINCESS BLVD. EXIT) + Turn left (south) on Hayden Road and continue to

Princess Drive. + Turn right (west) on Princess Drive, follow signs to

Fairmont Scottsdale. (Approx .. 03 miles) + Lobby entrance will be on your left.

CONFERENCE SOCIAL EVENTS Thursday November 4: Welcome Reception and Dinner " Under the Stars" at the Fairmont Scottsdale Resort.

Friday November 5: Reception and Dinner at Los Cedros

Saturday November 6: Reception, Awards Dinner and Entertainment

RECREATIONAL ACTIVITIES A listing of optional recreational activities is included that will provide you with some ideas of things to do while you are in Scottsdale, Arizona.

Willow Stream Spa at Fairmont Scottsdale The Willow Stream Spa is a sanctuary inside the Fairmont Scottsdale Resort and offers luxury and outstanding service, coupled with an authentic spa experience and a place to escape that simply makes you feel fantastic.

Willow Stream Spa is relaxing, comfortable and sensorial. The spa experience is inspired by local traditions, plants and herbs and is designed for specific results. Services include custom-ized massage experiences, aromatherapy, facials, manicures and pedicures. Relax and re-energize in one of the many mineral pools. The spa experience can be tailored to your favourite interest, like golf and other outdoor activities.

General INFORMATION CONTINUED

Appointments for IIC members and guests at the Willow Stream Spa are available Friday, November 5th and Saturday, November 6th between 8:30 am-4:30pm and on Sunday, November 7th between 9:00 am-12noon.

To book your appointment, contact Willow Stream Spa directly by calling the Fairmont Scottsdale at 1-800-441-1414. Book no later than October 15, 2010 to avoid disappointment and enjoy a reduced access fee of $25.00 secured specially for IIC conference delegates. After October 15, 2010, the appointments set aside for IIC will be released for general sale.

Golf at TPC Scottsdale Saturday, November 6 12:30 pm- 5:30pm

Set in the So no ran Desert and surrounded by the majestic McDowell Mountains, TPC Scottsdale, a PGA Tour Facility, embodies the standards of excellence in golf operations world wide. The Stadium Course, designed by the team of Tom Weiskopf and Jay Morrish, is a masterful blend of challenge and playability for the enjoyment of all levels of golfers, professional and amateur alike.

Pre-registration is required. The Golf event is an additional cost of US$260 per person and includes 18 holes, green fees, power cart, boxed lunch and return transportation between the hotel and course. Golf reservations will be made on a first-come, first-served basis, according to the date on which your registration is paid. A limited number of sets of clubs will be available for rent from the golf course.

CONFERENCE REGISTRATION & ACCOMMODATION The Conference rate for IIC members is US$2,400 and US$750 for your spouse/guest and includes: + 3 night's accommodation (arrival Thurday,

departure Sunday) + 3 breakfasts + 3 Receptions and Dinners (Thursday- Saturday

evenings) + Service charges Accommodation at the Fairmont Scottsdale will be booked by the Institute staff, for arrival on Thursday, November 4 and departure on Sunday, November 7. Please note that these 3 nights accommodation are included in the conference registration fee.

Planning to extend your stay? A limited number of guestrooms have been protected outside of the regular conference dates and the Fairmont Scottsdale is extending IIC group rates for 3 days prior and 3 days following. Group rates are US$219 (double occupancy) per night plus tax. Please indicate your requirements for additional accom-modation on the Conference Registration Form and the reservations will be made, on your behalf, by the Institute staff. Please note that the room charges for any additional nights will be at the expense of each individual.

Please return the completed registration form, along with the appropriate fee payment by cheque to the IIC office on or before Friday September 24, 2010. Beyond this date, it may not be possible to guarantee room availability at the Fairmont Scottsdale.

OTHER INFORMATION + The Conference is for members, spouses/guests

and invited guests only. Non-member substitutions are not permitted.

+ The dress code for t he Welcome Reception & Dinner Under the Stars is resort casual. The dress code for the Friday evening at Los Cedros is resort casual. The dress code for the Saturday evening Reception and Awards Dinner is sports jacket & no tie, smart casual.

+ The dress code for t he conference sessions will be business/resort casual.

+ We are subject to cancellation policies with the hotel and at other event locations. NO REFUNDS WILL BE PROVIDED FOR CANCELLATION LESS THAN 15 DAYS PRIOR TO ARRIVAL. (Wednesday, October 20, 201 0)

Comments or questions concerning the Conference should be directed to the staff at The Insolvency Institute as follows:

Phone: (416) 646-1600 Fax: ( 416) 646-9460

Jan Fralick jfralick@associationsfirst.com

Terry Cunningham tcunningham@associationsfrrst.com

Wayne Glover wglover@associationsfirst.com

Insolvency Institute of Canada/L' Institut d'insolvabilite du Canada Annual Conference & General Meeting I Scottsdale I Arizona

November 4 - 7, 2010

Member & Guest REGISTRATION Please complete and return this registration form and payment to The Insolvency Institute of Canada (address below) no later than Friday September 24, 201 0.

Mr I Mrs I Ms Name: ------------------------------------------------------------Accompanied by: ________________________________________________________________ _ Company: ____________________________________________________________________ __

Address: ______________________________________________________________________ __

City:----------------------------- Province: _____________ Posta l Code: ____________ _ Tel: ( _____________________________ Fax:(

E-mail : -------------------------------------------------------------------------

Accommodation REQUIREMENTS The conference fee includes three nights accommodation. The Institute staff will reserve your accommodation based on an arriva l date: Thursday, November 4 and departure date: Sunday, November 7, unless otherwise indicated. 0 King* 0 Two Double Beds* 0 Non-Smoking 0 Smoking

Number of Occupants-----------------

Please reserve for _________ additional night(s)**, as follows: -------------------------------

* Subject to availability at time of booking. **Payment for additional nights will be the responsibility of the individual.

ROOMS WILL BE ASSIGNED ON A FIRST-COME, FIRST-SERVED BASIS, ACCORDING TO THE DATE ON WHICH THE CONFERENCE REGISTRATION IS PAID.

Special REQUIREMENTS

Food Allergies: ------------------------------------------------------------------­

Vegetarian: ---------------------------------------------------------------------Other: ________________________________________________________________________ _

Golf: Saturday, November 6 12:30 pm- 5:30 pm

Golf at $260.00 per person

Number of players ____ _

Golf club rentals 0 Right 0 Left-handed (Payable at course)

(GST INCLUDED #R129588018)

Registration Fees (US Dollars)

0 Member Registration @ $2,400/pp = $ __________ _

0 Guest @ $750/pp = $ __________ _

0 Golf @ $260/pp = $ __________ _

SUBTOTAL (US DOLLARS) = $ __________ _

TOTAL AMOUNT REMITIED = $ __________ _

Remit (in US funds) by cheque or bank drafts only please.

The Insolvency Institute Of Canada 39 River Street, Toronto, Ontario MSA 3P1 T 416.646.1600 F 416.646.9460 E iicinfo@associationsfirst.com W www.insolvency.ca