Ontario · CCAA
Application Record (Part 3), returnable February 26, 2026
Application / notice of application · 26 February 2026
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What we verified from this filing1 verified
- secured creditorsnote: Non-revolving Loan Facility maximum principal CDN$500,000 fully advanced in a single tranche (the 'Closing Advance') on the Effective Date - no further advances permitted, so this is the full amount advanced. Loan Agreement s.2.06 states the facility 'constitutes a Shareholder Loan under the Shareholders' Agreement' - related-party lender (2379338 Ontario Inc. is a shareholder; its president, Guoyin Xie, shares the affiant identity and an address adjacent to the Borrower's registered address). Per GSA s.9, the security ranks pari passu with other security granted under s.3.4 of the Shareholders' Agreement (regardless of registration order) and is subordinate to any security granted in favour of a chartered bank, trust company or other institutional lender. · page: 27 · as of: Effective Date (Loan Agreement, August 2025 - day left blank in document) · amount: 500000 · debtor: Darwynn Ltd. · creditor: 2379338 Ontario Inc. · currency: CAD · security: General Security Agreement dated as of the Effective Date - blanket security interest in all present and after-acquired personal property of the Borrower (Accounts, Goods incl. Inventory/Equipment, Intangibles, Chattel Paper, Documents of Title, Instruments, Securities, Securities Accounts, Investment Property, Money, contract/insurance rights and proceeds).