Alberta · CCAA
Affidavit of Cory Stark (4 of 4)
Affidavit · 9 December 2025
AI summary
A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.
What we verified from this filing1 verified
- secured creditorsnote: Indebtedness figure stated as 'approximately' and continues to accrue interest, fees and costs. Loans matured September 30, 2025 (extended to November 30, 2025 per Sixth Amendment dated Nov 10, 2025). NBC issued a s.244 BIA Notice of Intention to Enforce Security and demand on October 1, 2025 (to be rescinded on execution of Sixth Amendment), then issued fresh demand letters and NOIs on December 1, 2025 (this $28,618,077.68 figure, calculated as at Nov 27, 2025) to guarantors including Holdings and Akira LLC. Earlier demand (Oct 1, 2025) stated $28,469,003.88 calculated as at September 26, 2025. Fees added to Indebtedness under successive amendments (Amendment Fees) aggregated to $575,000 as of Sixth Amendment. A related-party financing arrangement was contemplated in the Fifth Amendment whereby 1586329 Alberta Ltd. ('158') was to inject $500,000 by loan, to be subordinate to the Lender under a Priority and Standstill Agreement dated June 12, 2025; the Borrower failed to receive this in full by September 5, 2025, per default recitals. · page: 176 · as of: 2025-11-27 · amount: 28618077.68 · debtor: Green Impact Partners Inc. (Borrower), jointly and severally with Guarantors: Green Impact Operating Corp., 2302922 Alberta Ltd., Akira Infra I Ltd., Transition Energy Inc., Green Impact Partners Holdings Ltd. (f/k/a Green Impact Partners Employment Corp.), Akira Infrastructure LLC, and Green Impact Partners U.S., Inc. · creditor: National Bank of Canada (as successor by amalgamation to Canadian Western Bank) · currency: CAD · security: General Security Agreement dated January 11, 2022 by the Borrower (security interest over all present and after-acquired personal and real property, plus a floating charge over real property); General Security Agreements dated June 11, 2022 by each Guarantor granting equivalent security interests/floating charges; Full Liability Guarantees dated January 11, 2022 from each Guarantor. Facility comprises: revolving line of credit with a maximum aggregate principal amount of CAD $30,000,000 (facility limit, not balance), letter of credit (max face amount CAD $2,000,000), hedging contracts (max aggregate notional CAD $2,000,000), and corporate VISA credit card facilities (max limit CAD $250,000).