Ontario · NOI

Material Adverse Change Report

Court officer report · 4 October 2023

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A plain-English summary drawn only from this filing: what it is, why it matters, and the parties, amounts and dates it turns on.

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courtSUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY)
court file no32-2956593
secured creditorsnote: StoneRidge claims the Loan amount is now over $1.65 million including principal, interest, fees, charges and other amounts owed under the Loan agreement; original loan advance was $1.5 million, matured September 10, 2022, extended to March 30, 2023; disputed amount asserted by secured creditor in motion materials · page: 16 · as of: as of Trustee's First/Second Report (July-August 2023 court filings) · amount: 1650000 · debtor: Dragan Brewing and Wine Company Inc. · creditor: StoneRidge Lending Inc. · currency: CAD · security: General security agreement securing $1.5 million loan