British Columbia · Receivership (court-appointed)
Affidavit #1 of Andrew Brown (filed September 22, 2023) - Body Only
Affidavit · 22 September 2023
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What we verified from this filing4 verified
- secured creditorsnote: Related party - ADLP is affiliated with Luigi Aquilini. Balance owing not quantified in affidavit; GAS in default under 2021 Debentures since December 31, 2021. · page: 3 · debtor: Garibaldi at Squamish Inc. / Garibaldi at Squamish Limited Partnership · creditor: Aquilini Development Limited Partnership (ADLP) · currency: CAD · security: 2021 Debenture (Exhibit M); General Security Agreement (Exhibit Q); credit amendment agreement dated January 10, 2018 (Exhibit L); assignment of permits/licenses/agreements dated January 26, 2018 (Exhibit R); intercreditor agreement dated January 26, 2018 (Exhibit S)
- secured creditorsnote: Related party - GRMC is affiliated with Luigi Aquilini. Balance owing not quantified in affidavit; GAS in default under 2021 Debentures since December 31, 2021. · page: 3 · debtor: Garibaldi at Squamish Inc. / Garibaldi at Squamish Limited Partnership · creditor: Garibaldi Resort Management Company Ltd. (GRMC) · currency: CAD · security: 2021 Debenture (Exhibit N); General Security Agreement (Exhibit Q); credit amendment agreement dated January 10, 2018 (Exhibit L); assignment of permits/licenses/agreements dated January 26, 2018 (Exhibit R); intercreditor agreement dated January 26, 2018 (Exhibit S)
- secured creditorsnote: Individual/personal secured creditor (not a company); related party - Mr. Aquilini is affiliated with ADLP and sole shareholder of 141. Balance not quantified in affidavit. Note: portion of his debenture was subsequently assigned to 1413994 B.C. Ltd. (Exhibit T). · page: 4 · debtor: Garibaldi at Squamish Inc. / Garibaldi at Squamish Limited Partnership · creditor: Luigi Aquilini · currency: CAD · security: First 2024 Debenture (Exhibit O); Second 2024 Debenture (Exhibit P); General Security Agreement (Exhibit Q); assignment of permits/licenses/agreements (Exhibit R); intercreditor agreement (Exhibit S) - as one of the Original Holders
- secured creditorsnote: Related party - 141 is wholly owned by Luigi Aquilini (sole shareholder). Balance not quantified in affidavit. · page: 4 · as of: assignment dated for reference May 2, 2023 · debtor: Garibaldi at Squamish Inc. / Garibaldi at Squamish Limited Partnership · creditor: 1413994 B.C. Ltd. (141) · currency: CAD · security: Debenture rights acquired by assignment from Luigi Aquilini (Exhibit T)