Alberta · Receivership (court-appointed)

Affidavit of Gabriel Lip

Affidavit · 8 September 2025

What we verified from this filing1 verified

secured creditorsnote: Loan facility maximum principal amount $9,000,000.00 (Commitment Letter Oct 29, 2018, as amended six times). Interest accruing at 6.35% per annum, $1,572.47/day as at July 31, 2025. Guaranteed by One Properties Ventures Corp. (Limited Liability Guarantee, capped at $4,500,000.00 principal plus interest) and by One Properties Paramount GP Inc. (Full Liability Guarantee, uncapped) - both related-party guarantors of the Borrower's general partner group. · page: 5 · as of: 2025-07-31 · amount: 9086011.57 · debtor: One Properties Paramount Limited Partnership (by its general partner One Properties Paramount GP Inc.) · creditor: National Bank of Canada (successor by amalgamation to Canadian Western Bank) · currency: CAD · security: Mortgage (instrument no. 192 004 316) over the Lands securing $9,000,000.00 plus interest; General Security Agreement dated December 7, 2018 over all present and after-acquired real and personal property (PPR Registration No. 18111417434); General Assignment of Rents and Leases (Caveat instrument no. 192 004 317); Beneficial Charge Agreement; Demand Notes dated December 17, 2018 and April 31, 2020; Environmental Agreement and Indemnity dated December 7, 2018