Alberta · Receivership (court-appointed)

Filed Affidavit of Ariel S. Belilo

Affidavit · 15 August 2022

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: Represents combined outstanding balance of First Tranche, Second Tranche, Third Tranche and related extension fees, inclusive of interest to July 25, 2022, exclusive of legal fees/costs and interest continuing to accrue. Individual tranche principal amounts were USD$2,000,000 each (original advances, not current balances). Guaranteed by CoResource Solutions LLC and CoResource Solutions (Canada) Inc. (related parties to Solvaqua's CEO Chris Tesarski) - guarantees not enforced in this proceeding. · page: 3 · as of: 2022-07-25 · amount: 6052288.63 · debtor: Solvaqua Inc. · creditor: Arnaki Ltd. · currency: USD · security: General Security Agreements dated August 31, 2020, January 4, 2021, and February 1, 2021 over all present and future undertakings, assets and property of Solvaqua Inc.; perfected via Alberta PPR registration number 20091025542