Alberta · Receivership (court-appointed)

Affidavit of M Lea Philips (CWB)

Affidavit · 26 January 2023

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: Amount excludes further accruing interest and costs/expenses (including solicitor and own-client full indemnity costs) stated to be additionally owing. Secured also by personal guarantees of Allan Pearson and Carl Rosenau (guarantee of Randy Knapp deleted per Nov 10, 2021 amendment; Knapp noted as deceased). Related EDC export guarantees (EGP) and accounts receivable insurance run in favour of CWB, not InFocus, and are not a separate secured claim against InFocus. · page: 2 · as of: 2023-01-06 · amount: 1091005.52 · debtor: InFocus Energy Services Inc. · creditor: Canadian Western Bank · currency: CAD · security: General Security Agreement dated February 25, 2019 and Schedule A428827 dated July 2, 2019, providing a first security interest in all present and after-acquired property, registered in Alberta; comprised of Loan 101011134611 ($305,751.95), Loan 101011571493 ($199,956.30), Loan 101010937184 ($64,609.98), and Loan 101011132384 ($520,687.29)