British Columbia · NOI
Affidavit of Norman McLeod
Affidavit · 2 January 2025
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What we verified from this filing4 verified
- secured creditorsnote: Aggregate of assigned RBC Loan and Maynbridge Loan Agreement ('Maynbridge Indebtedness'); approximate figure per affidavit para 26 · page: 5 · as of: current (affidavit date, approximately) · amount: 2230000 · debtor: Salt Spring Coffee (Microb Resources Inc.) · creditor: Maynbridge Capital Inc. · currency: CAD · security: General security agreement over all present and after-acquired personal property, perfected by BC PPR registration; includes assigned RBC Loan (revolving demand loan $1,500,000 facility, non-revolving term loan $175,000 facility, credit card facilities) plus Maynbridge Loan Agreement advances
- secured creditorsnote: Loan facility limit was $1,500,000; current indebtedness approximate per para 30 · page: 6 · as of: current (affidavit date, approximately) · amount: 1196228 · debtor: Salt Spring Coffee (Microb Resources Inc.) · creditor: Business Development Bank of Canada (BDC) · currency: CAD · security: Charge on equipment and all present and after-acquired personal property, registered in BC PPR; subject to priority agreement with RBC (adopted by Maynbridge)
- financial positionnote: Liabilities figure includes amounts owing under RBC Loan and BDC Indebtedness; stated before entering into Maynbridge loan agreements and before repayment of Merchant Indebtedness · page: 7 · as at: 2024-08-31 · basis: balance sheet as of August 2024 (Exhibit J) · scope: entity - Salt Spring Coffee (Microb Resources Inc.) · currency: CAD · total assets: 5164888.4 · total liabilities: 5164888
- secured creditorsnote: Equipment lease indebtedness, approximate per para 35; regular monthly lease payments of $2,515.80 · page: 7 · as of: current (affidavit date, approximately) · amount: 29240.89 · debtor: Salt Spring Coffee (Microb Resources Inc.) · creditor: Bodkin, a division of Bennington Financial Corp. · currency: CAD · security: Charge on certain leased manufacturing equipment pursuant to the Bodkin Lease, registered in PPR