Alberta · Receivership (court-appointed)

Notice to Creditors - Elaborate Developments

Notice to creditors · 22 February 2011

What we verified from this filing1 verified

financial positionnote: Components: Accounts Receivable (excludes intercompany/related party receivables) $1,754,030; Land Inventory $9,122,511; total realizable assets $10,876,541. Secured creditor amounts as at Feb 23, 2011: several 'To be determined', stated totals ATB $2,863,405, Servus Credit Union $3,022,995, Great West Truck Lease & Rentals $300,000, sum shown $5,889,400. Unsecured creditors list total $615,320.79. · as at: 2011-01-31 · basis: as reflected in the Company's books and records · scope: entity - Elaborate Developments Inc. · currency: CAD · total assets: 10876541