--000000000000d301a606039a9182 Content-Type: multipart/alternative; boundary="000000000000d301a606039a9181" --000000000000d301a606039a9181 Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable Hi Sean, Apologies for the delay on getting this to you. I had to do some more digging and ensure a few folks were onboard as there is an impact to our lending covenants. I think we=E2=80=99re all set now to get this request su= bmitted, but wanted to confirm with you that the amount is for $25K USD and the entity that we are issuing the LOC to will be the Canadian Ministry of Finance. Please advise and I=E2=80=99ll get this request submitted asap. Thanks and sorry again for the delay. Best, *From:* Sean Cygan *Sent:* Tuesday, August 22, 2023 2:12 PM *To:* Timothy Thomas *Cc:* Laszlo Kovacs ; Belle Chen *Subject:* Re: Ontario - Temporary Help Agency and Recruiter licensing Application Hi Laszlo, I was just following up on the letter of credit. Do you know when I will receive it? Thank you On Tue, Aug 8, 2023 at 12:36=E2=80=AFPM Timothy Thomas wrot= e: Great, thanks. On Tue, Aug 8, 2023 at 3:18=E2=80=AFPM Laszlo Kovacs wrote: Gotcha. No, you can holdoff. If we aspire to ultimately migrate all our business into the JPM bank accounts, then anything you=E2=80=99d setup with= the legacy bank. Just trying to get all the facts so I can speak from an informed perspective with Paul. I=E2=80=99ve already broached with our acco= unt rep at JPMC. Will circle back to you on this and apologies for the delay. *From:* Timothy Thomas *Sent:* Tuesday, August 8, 2023 1:27 PM *To:* Laszlo Kovacs *Cc:* Sean Cygan ; Belle Chen *Subject:* Re: Ontario - Temporary Help Agency and Recruiter licensing Application We haven't had to provide a LOC to the Ontario government before. Only in Quebec and the format was different. Should I ask our banking partner if she can assist? On Tue, Aug 8, 2023 at 2:00=E2=80=AFPM Laszlo Kovacs wrote: Tim, Circling back on this need for an LOC. The template provided cites the requirement for a LOC to conform to the requirement set forth in the =E2=80=9C*Employment Standards Act, 2000 *and or the *Employment Protectio= n for Foreign Nationals Act, 2009=E2=80=9D*. So have you all provided a standing letter of credit in the past, or is this a new thing? I would have expected you would have had to provide before=E2=80=A6 Thanks, *From:* Timothy Thomas *Sent:* Thursday, August 3, 2023 11:43 AM *To:* Laszlo Kovacs *Cc:* Sean Cygan ; Belle Chen *Subject:* Re: Ontario - Temporary Help Agency and Recruiter licensing Application Ok I found it but it's in french. So I did some digging on the Ontario site and here are the specific instructions - https://www.ontario.ca/page/licensing-temporary-help-agencies-and-recruiter= s#section-4 They provide a template for the letter, see attached. On Thu, Aug 3, 2023 at 12:31=E2=80=AFPM Laszlo Kovacs wrote: So you moved forward with a letter of credit for Montreal? Do you recall which bank was u