Alberta · CCAA

Pre-Filing Report of the Proposed Monitor (July 10, 2025)

Pre-filing report · 10 July 2025

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What we verified from this filing1 verified

secured creditorsnote: Combined operating facilities overdraft balance; was approximately $6.8 million as at Sept 19, 2024 per FA Memorandum, increasing to approximately $13.3 million as at June 7, 2025. Ownership (shareholders Cheema and Parmar) provided additional personal collateral in support of BMO's credit facilities as a condition of prior forbearances; net value of that collateral not currently known and it has not yet been monetized (related-party/personal guarantor collateral). · page: 11 · as of: 2025-06-07 · amount: 13300000 · debtor: Coast Automotive Group Inc., Coast North Vancouver Auto Sales Inc., Coast Auto Drayton Inc., and 2461765 Alberta Ltd. (combined operating facilities) · creditor: Bank of Montreal (BMO) · currency: CAD · security: Senior secured lender under the Company's credit facilities (including operating line and floor-plan facility); specific registered security instruments not detailed in the excerpted pages