November 15, 2017
TO THE CUSTOMERS OF HEATING AND COOLING,
PROTECTION AGREEMENTS OR ANNUAL INSPECTION
SERVICES CURRENTLY PROVIDED BY SEARS CANADA INC.
IN QUEBEC (COLLECTIVELY, THE “ACQUIRED BUSINESS”)
Re: Acquisition of Assets related to the Acquired Business by Confort Expert
Inc.
Re: In the Matter of a Plan of Compromise or Arrangement of Sears Canada
Inc. et al (Court File No. CV-17-11846-00CL)
As you may know, Sears Canada Inc. and certain of its subsidiaries (collectively, “Sears Canada”)
filed for and were granted creditor protection under the Companies’ Creditors Arrangement Act
(“CCAA”), pursuant to an initial order (the “Initial Order”) of the Ontario Superior Court of Justice
(Commercial List) (the “Court”) on June 22, 2017. Pursuant to the Initial Order, the Court appointed
FTI Consulting Canada Inc. as “Monitor” in connection with the CCAA proceedings. As part of these
CCAA proceedings, Sears Canada is selling certain of its assets.
Sears Canada and Confort Expert Inc. (“Confort Expert”) have entered into an asset purchase
agreement dated November 10, 2017 pursuant to which Confort Expert will acquire the assets related
to the Acquired Business, including the ongoing customer contracts which will be assumed by Confort
Expert.
Accordingly, Confort Expert will assume all of Sears Canada’s rights and obligations under your
protection agreement, as appropriate, with Sears Canada effective as of the closing date which is
expected to be on or about November 22, 2017. We confirm that your contract(s) remain(s) in full
force and effect, but your contract(s) will, as of the closing date, be directly with Confort Expert.
Regarding your next payment, if you have been making automatic payments to Sears Canada, your
future payments will now be processed by Confort Expert.
Please note the last payment made in November for the transaction under the name of Sears
represents the payment of the last balance from your account as of October 31, 2017.