WILSON v. AURORA CANNABIS INC. — Entry #140: ORDER APPROVING DISTRIBUTION PLAN

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CARELLA, BYRNE, CECCHI,
BRODY & AGNELLO, P.C.

JAMES E. CECCHI

DONALD A. ECKLUND

5 Becker Farm Road

Roseland, NJ 07068

Telephone: 973/994-1700

973/994-1744 (fax)

jcecchi@carellabyrne.com

decklund@carellabyrne.com

Local Counsel for Plaintiffs

UNITED STATES DISTRICT COURT

DISTRICT OF NEW JERSEY
In re AURORA CANNABIS INC. ) No, 2:19-cv-20588-BRM-MAH
SECURITIES LITIGATION )
) CLASS ACTION
)
This Document Relates To: )
ALL ACTIONS.
)

tier) ORDER APPROVING DISTRIBUTION PLAN

Lead Plaintiffs moved this Court for an order approving a distribution plan for
the Net Settlement Fund in the above-captioned securities class action (“Action”).
Having reviewed and considered all the materials and arguments submitted in support
of the motion, including the Memorandum of Law in Support of Lead Plaintiffs’

Motion for Approval of Distribution Plan and the Declaration of Luiggy Segura in


Support of Lead Plaintiffs’ Motion for Approval of Distribution Plan (“Segura
Declaration”),

NOW, THEREFORE, IT IS HEREBY ORDERED THAT:

1, This Order incorporates by reference the definitions in the Stipulation of
Settlement dated June 7, 2024 (ECF 112-2) (“Stipulation”), and the Segura
Declaration, and all terms used in this Order shall have the same meanings as defined
in the Stipulation and the Segura Declaration.

2. This Court has jurisdiction over the subject matter of the Action and over
all parties to the Action, including all Class Members.

3. Lead Plaintiffs’ plan for distribution of the Net Settlement Fund to
Authorized Claimants is APPROVED. Accordingly:

(a) The administrative determinations of the Court-approved Claims
Administrator, JND Legal Administration (“JND”), to accept the Timely Eligible
Claims set forth in Exhibit E to the Segura Declaration and the Late but Otherwise
Eligible Claims set forth in Exhibit F to the Segura Declaration are adopted.

(b) The Claims Administrator’s administrative determinations to reject
the Rejected Claims, as set forth in Exhibit G to the Segura Declaration, including the
Disputed Claims discussed in paragraph 36(a)-(e) of the Segura Declaration and
Exhibit D to the Segura Declaration, are adopted.

(1) Claim ID: PJ8H6-5GE37 is rejected;


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(ii) Claim ID: PTJG4-2NFC6 is rejected;
(i11) Claim ID: PRFMA-WVZX2 is rejected;

(iv) Claim ID: PGUY3-V255W is rejected;

(v) Claim ID: PCZM6-J3QH7 is rejected; and

(vi) Claim ID: PHBP9-78JY6 is approved for payment.

(c) JND is directed to conduct the Initial Distribution of the Net

Settlement Fund after deducting all payments previously allowed, notice

administration costs and expenses, and any estimated taxes, the costs of preparing

appropriate tax returns, and any escrow fees.

Specifically, as set forth in paragraph 50(a) of the Segura Declaration:
(1) JND will calculate award amounts for all Authorized Claimants.
JND will calculate each Authorized Claimant’s pro rata share of the Net
Settlement Fund based on the amount of the Authorized Claimant’s
Recognized Claim in comparison to the total Recognized Claims of all
Authorized Claimants; (2) JND will then eliminate from the Initial
Distribution any Authorized Claimant whose total pro rata share of the
Net Settlement Fund is less than $10.00. These claimants will not
receive any payment from the Net Settlement Fund and will be so
notified by JND; (3) After eliminating claimants who would have

received less than $10.00, JND will recalculate the pro rata shares of the

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Net Settlement Fund for Authorized Claimants who would have received

$10.00 or more based on the amount of the Authorized Claimant’s

Recognized Claim in comparison to the total Recognized Claims of all

Authorized Claimants who will receive $10.00 or more. This pro rata

share is the Authorized Claimant’s “Distribution Amount”; and (4) the

Net Settlement Fund will be distributed pro rata to Authorized

Claimants whose Distribution Amount calculates to $10.00 or more.

(d) Toencourage Authorized Claimants to cash their checks promptly,
all distribution checks will bear the following notation: “CASH PROMPTLY. VOID
AND SUBJECT TO REDISTRIBUTION IF NOT CASHED BY [DATE 90 DAYS
AFTER ISSUE DATE].” Lead Counsel and JND are authorized to take appropriate
action to locate and contact Authorized Claimants who have not cashed their checks
within said time as detailed in paragraph 50(b) of the Segura Declaration.

(e) Authorized Clatmants who do not cash their Initial Distribution
checks within the time allotted or on the conditions set forth in paragraph S50(b) of the
Segura Declaration will irrevocably forfeit all recovery from the Settlement, and the
funds allocated to these stale-dated checks will be available to be distributed to other
Authorized Claimants in a subsequent distribution. Similarly, Authorized Claimants
who do not cash their distribution checks in any subsequent distributions, should such

distributions occur, within the time allotted or on the conditions set forth in paragraph


50(b) of the Segura Declaration will irrevocably forfeit any further recovery from the
Net Settlement Fund.

(ft) After JND has made reasonable and diligent efforts to have
Authorized Claimants cash their Initial Distribution checks (as provided in paragraph
50(b) of the Segura Declaration), but not earlier than six (6) months after the Initial
Distribution, JND will, after consulting with Lead Counsel, conduct a subsequent
distribution, in which any amount remaining in the Net Settlement Fund, after
deducting any unpaid fees and expenses incurred, will be distributed to all Authorized
Claimants who cashed their Initial Distribution check and are entitled to receive at
least $10.00 from such subsequent distribution based on their pro rata share of the
remaining funds. If any funds remain in the Net Settlement Fund, and if cost-
effective, subsequent distributions will take place at six-month intervals.

(g) When Lead Counsel, in consultation with JND, determine that
further distribution of the funds remaining in the Net Settlement Fund is not cost-
effective, the remaining funds will be donated to Legal Services of New Jersey.

(h) No new Claims may be accepted after October 15, 2025, and no
further adjustments to Claims received on or before October 15, 2025, that would
result in an increased Recognized Claim Amount may be made for any reason after
October 15, 2025, subject to the following exception. If Claims are received or

modified after October 15, 2025, that would have been eligible for payment or


additional payment pursuant to the Court-approved Plan of Allocation if timely
received or modified, then, at the time that Lead Counsel, in consultation with JND,
determine a distribution is not cost-effective as provided in subparagraph (g) above,
and after payment of any unpaid fees or expenses incurred in connection with
administering the Net Settlement Fund and after deducting the payment of any
estimated taxes, the costs of preparing appropriate tax returns, and any escrow fees,
these claimants, at the discretion of Lead Counsel and to the extent possible, may be
paid their distribution amounts or additional distribution amounts on a pro rata basis
that would bring them into parity with other Authorized Claimants who have cashed
all their prior distribution checks.

4, The Court finds that the administration of the Settlement and the
proposed distribution of the Net Settlement Fund comply with the terms of the
Stipulation and Plan of Allocation approved by this Court and that all persons
involved in the review, verification, calculation, tabulation, or any other aspect of the
processing of the Claims submitted, or who are otherwise involved in the
administration or taxation of the Settlement Fund or the Net Settlement Fund, are
hereby released and discharged from any and all claims arising out of that
involvement, and all Class Members and other claimants, whether or not they receive
payment from the Net Settlement Fund, are hereby barred from making any further

claims against the Net Settlement Fund, Lead Plaintiffs, Lead Counsel, the Claims


Administrator, the Escrow Agent or any other agent retained by Lead Plaintiffs or
Lead Counsel in connection with the administration or taxation of the Settlement Fund
or the Net Settlement Fund, or any other person released under the Settlement beyond
the amounts allocated to Authorized Claimants.

5, Unless otherwise ordered by the Court, JND may destroy the paper
copies of the Claims and all supporting documentation one year after the Initial
Distribution, and one year after all funds have been distributed may destroy the
electronic copies of the same.

6. This Court retains jurisdiction to consider any further applications
concerning the administration of the Settlement, and any other and further relief that
this Court deems appropriate.

SO ORDERED this day of 2026.

THE HONORABLE MICHAEL A. HAMMER
UNITED STATES MAGISTRATE JUDGE


Administrator, the Escrow Agent or any other agent retained by Lead Plaintiffs or
Lead Counsel in connection with the administration or taxation of the Settlement Fund
or the Net Settlement Fund, or any other person released under the Settlement beyond
the amounts allocated to Authorized Claimants.

5. Unless otherwise ordered by the Court, JND may destroy the paper
copies of the Claims and all supporting documentation one year after the Initial
Distribution, and one year after all funds have been distributed may destroy the
electronic copies of the same.

6. This Court retains jurisdiction to consider any further applications
concerning the administration of the Settlement, and any other and further relief that
this Court deems appropriate.

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SO ORDERED this “day of An 2026.

THE HO ORABLL MICHAEL A. HAMMER
UNITED STATES MAGISTRATE JUDGE