British Columbia · Receivership (court-appointed)

Affidavit #1 of Trevor Bauer

Affidavit · 28 July 2025

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What we verified from this filing1 verified

secured creditorsnote: Breakdown: $17,950,000.00 principal + $1,167,071.56 accrued unpaid interest + $4,312.56 unpaid costs = stated total $19,121,384.12 as of July 17, 2025 per loan payout statement (Exhibit E); interest accruing at $7,327.53/day thereafter; first priority security interest per PPR searches and first priority mortgage/assignment of rents against the Lands · page: 3 · as of: 2025-07-17 · amount: 19121384.12 · debtor: 8091 Capstan Project Ltd. and 0892691 B.C. Ltd. · creditor: Bank of Montreal · currency: CAD · security: Equitable Mortgage and Estoppel Agreement (Dec 15, 2021); Mortgage and Assignment of Rents (Dec 10, 2021) principal sum $105,000,000 (registered ceiling, not a balance); BC PPSA General Security Agreement with Floating Charge (Dec 10, 2021) - all present and after-acquired personal property and floating charge on real property