British Columbia · Proposal
Unfiled Notice of Application - Approval and Vesting Order (April 2023)(136292597.1).pdf
Application / notice of application · 24 April 2023
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing7 verified · 8 withheld
- applicantPaySlate Inc.
- courtIN THE SUPREME COURT OF BRITISH COLUMBIA
- court file noB-220504
- secured creditorsnote: Approximate ('approximately $300,000.00') pre-filing secured debt figure · page: 3 · as of: NOI filing date · amount: 300000 · debtor: PaySlate Inc. · creditor: Ayrshire Real Estate Management Inc. · currency: CAD · security: SRED Facility Agreement dated November 25, 2022, secured specifically by PaySlate's SRED refunds from CRA
- secured creditorsnote: Approximate ('approximately US $416,000.00') pre-filing secured debt figure · page: 3 · as of: NOI filing date · amount: 416000 · debtor: PaySlate Inc. · creditor: Novel Growth Partners Fund I, L.P. · currency: USD · security: Revenue Financing Agreement dated December 4, 2020
- secured creditorsnote: Approximate ('approximately $2,600,000.00') pre-filing secured debt figure; Ayrshire is also a related-party noteholder (party to Subscription Agreement and DIP Lender) within this class · page: 3 · as of: NOI filing date · amount: 2600000 · debtor: PaySlate Inc. · creditor: The Noteholders (as defined in Schedule A, including Ayrshire) · currency: CAD · security: Notes; includes approximately $740,000.00 owing to Ayrshire
- secured creditorsnote: Post-filing interim (DIP) financing facility, not part of pre-filing secured debt listed at para 7; related party given Ayrshire's role as Noteholder/prospective purchaser parent · page: 4 · debtor: PaySlate Inc. · creditor: Ayrshire Real Estate Management Inc. (DIP Lender) · currency: CAD · security: DIP Charge securing DIP Loan facility, amended from $1,200,000 to $1,450,000 to $1,950,000 (facility limits, not outstanding balance stated)
8 extracted values are withheld: either a trap-shaped field where models produce confident wrong numbers, or an identity value whose quotation could not be found in the document. Withheld values are shown to no one.