Item - 2025.EP20.6

The Board of Governors of Exhibition Place:

1. Approved the terms and conditions of the Memorandum of Settlement, set out in Confidential Attachment 1 - Appendix A to the report (November 21, 2025) from the Chief Executive Officer, Exhibition Place, between the Board of Governors of Exhibition Place and the International Brotherhood of Electrical Workers, Local 353.

2. Authorized staff to make the necessary amendments to rates of pay and other issues identified as agreed changes to the collective agreement in the Memorandum of Settlement (Confidential Attachment 1 - Appendix A) and set out in the Confidential Attachment 1 to the report (November 21, 2025) from the Chief Executive Officer, Exhibition Place.

3. Directed that both Confidential Attachment 1 and Confidential Attachment 1 - Appendix A Memorandum of Settlement to the report (November 21, 2025) from the Chief Executive Officer, Exhibition Place, be released publicly after the ratification by the Board.

The four (4) year Collective Bargaining Agreement between the Board of Governors of Exhibition Place and the International Brotherhood of Electrical Workers, Local 353 ("IBEW 353") expires on December 31, 2025.

This report outlines the terms of a Memorandum of Settlement attached as Confidential Attachment 1 - Appendix A that was ratified by the International Brotherhood of Electrical Workers, Local 353 on November 14, 2025, and pending Board approval, would be the basis of a Collective Agreement with the Board, for a three (3) year term from January 1, 2026 with an expiry date of December 31, 2028.