ONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY) COMMERCIAL LIST

Transcription

1 ONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY) COMMERCIAL LIST Court File No IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF MOTION RECORD OF THE DEBTOR, (for extension of time to file proposal) (returnable August 15, 2018) KRONIS, ROTSZTAIN, MARGLES, CAPPEL LLP 25 Sheppard Avenue West, Suite 1100 Toronto ON M2N 6S6 Philip Cho (45615U) pcho@krmc-law.com Tel: (416) Fax: (416) Lawyers for the Debtor, Process Products Limited TO: A. FARBER & PARTNERS INC. 150 York Street, Suite 1600 Toronto, ON, Canada, M5H 3S5 Hylton Levy hlevy@farbergroup.com Tel: (416) Karen Kimel kkimel@farbergroup.com Tel: (647) Fax: (416) Proposal Trustee

2 -2- AND TO: THORNTON GROUT FINNIGAN LLP Suite 3200, 100 Wellington Street West P. O. Box 329, Toronto-Dominion Centre Toronto, ON M5K 1K7 Asim Iqbal Tel: Fax: Lawyers for National Bank of Canada AND TO: SAMUEL A. STUPP Prince Arthur Ave Toronto, ON M5R 1B3 Tel: AND TO: DAVID CHONG Barrister & Solicitor Suite 202, 1370 Don Mills Road Don Mills, ON M3b 3N7 Tel: (416) Fax: (416) Lawyers for Anatolia Capital Corp. AND TO: ATTORNEY GENERAL OF CANADA Department Of Justice Canada Ontario Regional Office-Tax Law Section The Exchange Tower 130 King St., West, Suite 3400 Box 36 Toronto, ON M5X 1K6 Diane Winters Tel: (416) Fax: (416)

3 -3- AND TO: HER MAJESTY THE QUEEN IN RIGHT OF THE PROVINCE OF ONTARIO AS REPRESENTED BY THE MINISTER OF FINANCE Legal Services Branch 777 Bay Street, 11 th Floor Toronto, ON M5G 2C8 Kevin O Hara kevin.ohara@ontario.ca Tel: (416) Fax: (416)

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5 ONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY) COMMERCIAL LIST Court File No IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF INDEX Tab Document Page No. 1 Notice of Motion Affidavit of Sydney Stupp sworn on August 10, A Corporation Profile Report of Process Products Limited B Personal Property Security Act Registry Search as of August 8, Draft Order 88-90

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7 1 ONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY) COMMERCIAL LIST Court File No IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF NOTICE OF MOTION (for extension of time to file proposal) (Returnable August 15, 2018) (the Company ) will make a motion before a judge presiding over the Commercial List on Wednesday, the 15 th day of August 2018, at 10:00 a.m., or as soon after that time as the motion can be heard at 330 University Avenue, Toronto, Ontario. PROPOSED METHOD OF HEARING: This motion is to be heard orally. THE MOTION IS FOR: 1. if necessary, an order validating, dispensing with or abridging the time for service of this notice of motion such that it is properly returnable on August 15, 2018; 2. an order extending the time to file a proposal under subsection 50.4(8) of the Bankruptcy and Insolvency Act (the BIA ) for a period of 45 days to and including October 3, 2018; and 3. such further and other relief as this Honourable Court may deem just.

8 2 THE GROUNDS FOR THE MOTION ARE: 2 1. The Company filed a notice of intention to make a proposal to its creditors under the provisions of the BIA on July 20, 2018; 2. The Company requires additional time within which to prepare and cause the trustee to file a proposal to creditors under the provisions of the BIA; 3. The Company has been acting in good faith and with due diligence in attempting to formulate a proposal and no creditor will be materially prejudiced by this request for an extension; 4. The Company is likely to present a viable proposal to its respective creditors if it is granted the extension of time within which to formulate same; 5. No creditors will be prejudiced if the requested extension is granted; 6. The proposal trustee supports the granting of the extension; 7. If the extension requested is not granted, then the Company will be deemed to have made an assignment in bankruptcy, which is not in the interest of the creditors; 8. The Company is not aware of any person that opposes the relief sought; 9. This is the first extension request; 10. Sections 50.4(9) of the BIA; 11. Rules 3, 6 and 11 of the Bankruptcy and Insolvency General Rules, C.R.C. 1978, c. 368, as amended; 12. Rules 3.01, 3.02, 16.04, and 37 of the Rules of Civil Procedure; and

9 such further and other grounds as counsel may advise and this Honourable Court permit. the motion: THE FOLLOWING DOCUMENTARY EVIDENCE will be used at the hearing of 1. the affidavit of Sydney Stupp sworn August 10, 2018, and the attached exhibits, filed; 2. such further and other documentary evidence as counsel may advise and this Honourable Court permit. Dated: August 10, 2018 KRONIS, ROTSZTAIN, MARGLES, CAPPEL LLP Barristers and Solicitors 25 Sheppard Avenue West, Suite 1100 Toronto ON M2N 6S6 Philip Cho (LSUC # 45615U) pcho@krmc-law.com Tel: (416) Fax: (416) Lawyers for Process Products Limited

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11 4 Court File No ONTARIO SUPERIOR COURT OF JUSTICE (IN BANKRUPTCY AND INSOLVENCY) COMMERCIAL LIST IN THE MATTER OF THE NOTICE OF INTENTION TO MAKE A PROPOSAL OF AFFIDAVIT OF SYDNEY STUPP (sworn August 10, 2018) AND SAY: I, SYDNEY STUPP, of the City of Vaughan in the Province of Ontario MAKE OATH 1. I am the current president of the debtor, Process Products Limited (the Company ), and as such, have knowledge of the matters to which I hereinafter depose. Where I do not have personal knowledge of the matters set out below, I state the source of my information and verily believe such information to be true. 2. This affidavit is sworn in support of the Company s motion for an order extending the time to file a proposal pursuant to the provisions of the Bankruptcy and Insolvency Act (the BIA ) for a period of 45 days from August 19, 2018, to and including October 3, BACKGROUND 3. On July 20, 2018 (the Filing Date ), the Company filed a Notice of Intention to Make a Proposal pursuant to Section 50.4(1) of the Bankruptcy and Insolvency Act (Canada) (the BIA ) and A. Farber & Partners Inc. ( Farber ) was appointed as proposal trustee (the Trustee ).

12 The purpose of these proposal proceedings (the Proceeding ) is to provide the Company with an opportunity to collect on certain accounts receivable, complete a significant tax return filing, negotiate the potential accelerated payment and sale of certain inventory to key customers, with a view to restructuring its operations and presenting a viable proposal to the Company s creditors, in consultation with the Trustee. The relief requested on this motion is integral for the Company to continue its operations and carry out its restructuring efforts. THE COMPANY AND ITS BUSINESS 5. The Company is incorporated pursuant to the laws of the Province of Ontario, with its registered office in Concord (Vaughan), Ontario. On January 1, 2001, Process Products Limited and Ontario Limited amalgamated to form the Company. Attached hereto and marked as Exhibit A is a true copy of a corporation profile report for the Company as of August 8, Although Samuel Stupp is indicated to be the president of the Company, this was changed in or about 2011 when I was appointed the office of president. It appears that the Company did not update this with the Ministry of Government and Consumer Services. 6. The Company carries on business as a supplier of specialty fasteners and engineered machine components. It operates primarily from leased premises in Concord, Ontario. The Company also has subsidiaries in the U.S and Mexico, which supply the U.S. and Mexican markets. 7. As of the Filing Date, the Company employed approximately 18 employees, who are not represented by a union. The Company does not sponsor any pension plan for their employees.

13 All source deductions were current with remittances as of the Filing Date and continue to be so. THE CAUSES OF FINANCIAL DIFFICULTY 9. The Company experienced a significant drop in sales in 2017 of nearly 45%, which continued into The primary contributing factor to this drop in sales related to the gradual decrease in the demand for electricity, which led to the Company s major customers, having significantly less need for utility scale large gas and steam turbines and generators - the types of machines that are used in utility power plants. At that time, the global market for this type of equipment fell by over 75%, and affected many original equipment manufacturers, some of whom were major customers of the Company. 10. In addition, it was customary for the Company s customers to have extended credit terms of 90 to 120 days. However, when the market collapsed, causing a slowdown in the movement of inventory, the delay in being paid by its customers began to have adverse impact on the Company s debt levels. 11. Ultimately, in the summer of 2018, the Company defaulted in respect of certain margin requirements, among other things, with its primary lender, and decided to take steps to restructure its operations. THE COMPANY S CREDITORS 12. The Company s primary lender is National Bank of Canada ( NBC ), through which the Company maintains an operating line of credit. Through discussions with NBC, as part of the NOI filing and this Proceeding, NBC issued a demand for repayment and a Notice of Intention to

14 4 7 Enforce Security under s. 244 of the BIA. The Company agreed to waive the 10-day period in the s. 244 notice on the understanding that NBC would not, at this time, appoint a receiver, but would permit the Company to file the NOI, although there is no formal forbearance agreement in place. As of the Filing Date, the amount owing the NBC was approximately $1.906 million. 13. In addition, the Company s major shareholder and former president, Samuel Stupp, had provided financing to the Company which is also secured by a general security agreement. As of the Filing Date, the balance outstanding to Samuel Stupp was approximately $584,000. Attached hereto and marked as Exhibit B is a copy of the search results in the Personal Property Security Act registration system with a currency date of August 8, As of the Filing Date, the Company estimates the unsecured obligations to total approximately $1,121,493, not including approximately $500,000 owed to the Company s former employees for termination pay, severance pay, and accrued vacation. REQUEST FOR EXTENSION OF TIME 15. The 30-day period after the Filing Date expires on August 19, The Company is seeking an extension of this time by which it must file a proposal for a period of 45 days to and including October 3, 2018 (the Extension ). 16. The Company requires the Extension to continue collecting on its accounts receivable, particularly from some of its major customers. In addition, the Company will be seeking to discontinue servicing certain types of customers that require greater investment of inventory. For these customers, the Company will seek to sellout the remaining stock of inventory that is specific to such customers in the ordinary course.

15 In addition, the Company is in the process of speaking with interested parties to determine whether there may be interest in a potential purchase of some or substantially all of the Company s assets. Additional time is required for the Company, and its advisors, to explore the potential sale of any of the assets. 18. The Company has also completed filing a tax return that, due to the significant losses in 2017, should result in a significant tax refund. Although the actual return will not be immediately available, the Company hopes to receive the assessed return so that it has certainty of the refund, which will assist the Company in making a viable proposal. 19. The Company has sufficient liquidity from available cash on hand and collection from accounts receivable that will fund it operations through this Proceeding, at least until the end of the Extension. I understand that the Trustee will be providing a copy of a cash flow forecast with its First Report to the Court. 20. Therefore, the Company requests an extension of time to file a proposal in order to undertake additional steps, including as described above, so as to increase the likelihood of making a viable proposal to the creditors. 21. The alternative to filing a proposal would be the bankruptcy and liquidation of the Company, which I believe would lead to a less favourable result for the creditors. 22. I am not aware of any creditor that would object to the extension of time requested, and I do not believe that the extension of time sought will prejudice any of the creditors.

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27 18 Main Menu New Enquiry Enquiry Result File Currency: 08AUG 2018 Show All Pages All Pages Note: All pages have been returned. Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date NOV 2021 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under P PPSA 10 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation 920 CALEDONIA ROAD TORONTO ON M6B 5Y1 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation Secured Party Secured Party / Lien Claimant STUPP, SAMUEL 55 PRINCE ARTHUR AVENUE, APT 1404 TORONTO ON M5R 1B3 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date X X X X X Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent MILLER THOMSON LLP

28 19 40 KING STREET WEST, SUITE 5800 TORONTO ON M5H 3S1 CONTINUED

29 20 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / INCORRECT ADDRESS WAS ENTERED FOR SECURED PARTY ON PAGE 1 LINE 8 OF REGISTRATION NUMBER Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee STUPP, SAMUEL 55 PRINCE ARTHUR AVENUE, APT 1403 TORONTO ON M5R 1B3 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant MILLER THOMSON LLP

30 21 40 KING STREET WEST, SUITE 5800 TORONTO ON M5H 3S1 CONTINUED

31 22 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND SECURED PARTY ADDRESS. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee STUPP, SAMUEL 55 PRINCE ARTHUR AVENUE, APT 1304 TORONTO ON M5R 1B3 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant MILLER THOMSON LLP

32 23 40 KING STREET WEST, SUITE 5800 TORONTO ON M5H 3S1 END OF FAMILY

33 24 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date JUL 2019 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under R RSLA 01 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation PROCESS PRODUCTS LTD 50 LOCKE STREET VAUGHAN ON L4K 5R4 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation Secured Party Secured Party / Lien Claimant WINGES AUTO SERVICE CENTRE LTD 155 WINGES ROAD WOODBRIDGE ON L4L 6C7 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date X 671 Year Make Model V.I.N FORD E-250 1FTNS24L43HA88671 General Collateral General Collateral TOGETHER WITH ALL PRESENT AND FUTURE ATTACHMENTS Registering Agent Registering Agent ROYAL BAILIFF SERVICE INC CONSUMERS DRIVE WHITBY ON L1N 1C4 END OF FAMILY

34 25 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date JUL 2019 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under R RSLA 01 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation PROCESS PRODUCTS LTD 1-50 LOCKE STREET VAUGHAN ON L4K 5R4 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation Secured Party Secured Party / Lien Claimant WINGES AUTO SERVICE CENTRE LTD 155 WINGES ROAD WOODBRIDGE ON L4L 6C7 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date X 738 Year Make Model V.I.N FORD E-250 1FTNS24L43HA88671 General Collateral General Collateral TOGETHER WITH ALL PRESENT AND FUTURE ATTACHMENTS Registering Agent Registering Agent ROYAL BAILIFF SERVICE INC CONSUMERS DRIVE WHITBY ON L1N 1C4 END OF FAMILY

35 26 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date JUL 2024 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under P PPSA 10 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation CALEDONIA ROAD TORONTO ONT M6B 3Y1 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation Secured Party Secured Party / Lien Claimant NATIONAL BANK OF CANADA 150 YORK STREET, MAIN FLOOR TORONTO ONT M5H 3A9 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or X X X X X X No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent BLACK, SUTHERLAND, CRABBE (JRW) 401 BAY STREET, SUITE 2700, P.O. BOX 101 TORONTO ONT M5H 2Y4 CONTINUED

36 27 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND THE ADDRESSES FOR THE DEBTOR AND THE SECURED PARTY ON REGISTRATION NUMBER Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation CALEDONIA ROAD, UNIT 3 TORONTO ON M6B 3Y1 Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA 350 BURNHAMTHORPE ROAD WEST, SUITE 305 MISSISSAUGA ON L5B 3J1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant PALLETT VALO

37 28 90 BURNHAMTHORPE ROAD WEST, SUITE 1600 MISSISSAUGA ON L5B 3C3 CONTINUED

38 29 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND SECURED PARTY ADDRESS. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT KING STREET WEST, PO BOX 81 TORONTO ON M5X 1B1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

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40 31 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 3 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

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42 33 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND SECURED PARTY FROM TRANSIT TO TRANSIT Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT HIGHWAY NO. 7, WEST, SUITE 301 VAUGHAN ON L4L 8L5 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

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44 35 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 5 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

45 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

46 37 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required B RENEWAL 10 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant NATIONAL BANK

47 PLACE D'ARMES 3RD FL MONTREAL QC H2Y2W3 CONTINUED

48 39 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND THE ADDRESS FOR THE DEBTOR AND DELETE THE ONTARIO CORPORATION NUMBER. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation 50 LOCKE STREET, SUITE #1 VAUGHAN ON L4K 5K4 Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant THORNTON GROUT FINNIGAN LLP

49 WELLINGTON STREET WEST TORONTO ON M5K 1K7 END OF FAMILY

50 41 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date JUL 2024 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under P PPSA 10 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname 05FEB 1933 SAM A STUPP Business Debtor Ontario Corporation 10 CUSACK COURT NORTH YORK ONT M2K 2S7 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation CALEDONIA ROAD TORONTO ONT M6B 3Y1 Secured Party Secured Party / Lien Claimant NATIONAL BANK OF CANADA 150 YORK STREET, MAIN FLOOR TORONTO ONT M5H 3A9 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or X X X No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral POSTPONEMENT OF LOAN BY SAM ALBERT STUPP IN FAVOUR OF SECURED PARTY Registering Agent Registering Agent BLACK, SUTHERLAND, CRABBE (JRW) 401 BAY STREET, SUITE 2700, P.O. BOX 101 TORONTO ONT M5H 2Y4 CONTINUED

51 42 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname SAM A STUPP Reason / Reason / AMEND THE ADDRESSES FOR THE FIRST DEBTOR AND THE SECURED PARTY, ADD A NEW DEBTOR AND DELETE THE GENERAL COLLATERAL DESCRIPTION ON REGISTRATION NUMBER Debtor/ Transferee Date of Birth First Given Name Initial Surname 05FEB1933 SAM A STUPP Ontario Corporation 29 MCMASTER AVENUE TORONTO ON M4V 1A8 Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA 350 BURNHAMTHORPE ROAD WEST, SUITE 305 MISSISSAUGA ON L5B 3J1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant PALLETT VALO

52 43 90 BURNHAMTHORPE ROAD WEST, SUITE 1600 MISSISSAUGA ON L5B 3C3 CONTINUED

53 44 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname 05FEB1933 SAMUEL A STUPP Ontario Corporation 29 MCMASTER AVENUE TORONTO ON M4V 1A8 Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant

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55 46 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname SAM A STUPP Reason / Reason / AMEND SECURED PARTY ADDRESS. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT KING STREET WEST, PO BOX 81 TORONTO ON M5X 1B1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

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57 48 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 3 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname SAM A STUPP Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

58 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

59 50 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname SAM A STUPP Reason / Reason / AMEND SECURED PARTY FROM TRANSIT TO TRANSIT Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT HIGHWAY NO. 7, WEST, SUITE 301 VAUGHAN ON L4L 8L5 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

60 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

61 52 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 5 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname SAM A STUPP Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

62 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

63 54 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required B RENEWAL 10 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname SAM A STUPP Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant NATIONAL BANK

64 PLACE D'ARMES 3RD FL MONTREAL QC H2Y2W3 CONTINUED

65 56 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND THE ADDRESS FOR THE DEBTOR. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation 50 LOCKE STREET, SUITE #1 VAUGHAN ON L4K 5K4 Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant THORNTON GROUT FINNIGAN LLP

66 WELLINGTON STREET WEST TORONTO ON M5K 1K7 END OF FAMILY

67 58 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date JUN 2024 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under P PPSA 08 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation ONTARIO LIMITED CALEDONIA ROAD TORONTO ON M6B 3Y1 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation Secured Party Secured Party / Lien Claimant NATIONAL BANK OF CANADA 150 YORK STREET, MAIN FLOOR TORONTO ON M5H 3A9 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or X X X X X No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral GENERAL SECURITY AGREEMENT Registering Agent Registering Agent IDEALOGIC SEARCHOUSE (1996) INC. 505 UNIVERSITY AVENUE SUITE 1603 TORONTO ON M5G 1X3 CONTINUED

68 59 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname ONTARIO LIMITED Reason / Reason / TO AMEND THE DEBTOR'S NAME, AMEND THE SECURED PARTY'S ADDRESS AND ADD "MOTOR VEHICLE INCLUDED" TO THE COLLATERAL CLASSIFICATION ON LINE 10 OF REGISTRATION # Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation 920 CALEDONIA ROAD TORONTO ON M6B 3Y1 Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA 350 BURNHAMTHORPE ROAD WEST, SUITE 216 MISSISSAUGA ON L5B 3J1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included X X X X X Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant PALLETT VALO, LLP

69 60 90 BURNHAMTHORPE ROAD WEST, STE 1600 MISSISSAUGA ON L5B 3C3 CONTINUED

70 61 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 3 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

71 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

72 63 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND SECURED PARTY ADDRESS. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT KING STREET WEST, PO BOX 81 TORONTO ON M5X 1B1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

73 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

74 65 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND SECURED PARTY ADDRESS. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT HIGHWAY NO. 7, WEST, SUITE 301 VAUGHAN ON L4L 8L5 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

75 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

76 67 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 5 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

77 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

78 69 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required B RENEWAL 10 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant NATIONAL BANK

79 PLACE D'ARMES, 3RD FLOOR MONTREAL QC H2Y2W3 CONTINUED

80 71 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND THE ADDRESS FOR THE DEBTOR. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation 50 LOCKE STREET, SUITE #1 VAUGHAN ON L4K 5K4 Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant THORNTON GROUT FINNIGAN LLP

81 WELLINGTON STREET WEST TORONTO ON M5K 1K7 END OF FAMILY

82 73 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page of Pages Expiry Date JUN 2024 FORM 1C FINANCING STATEMENT / CLAIM FOR LIEN File Caution Filing Page of Total Pages Schedule Registration Status Registered Under P PPSA 08 Registration Period Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation ONTARIO LIMITED CALEDONIA ROAD TORONTO ON M6B 3Y1 Individual Debtor Date of Birth First Given Name Initial Surname Business Debtor Ontario Corporation Secured Party Secured Party / Lien Claimant NATIONAL BANK OF CANADA 150 YORK STREET, MAIN FLOOR TORONTO ON M5H 3A9 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or X X X No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral ACCOUNTS AND OTHER Registering Agent Registering Agent IDEALOGIC SEARCHOUSE (1996) INC. 505 UNIVERSITY AVENUE SUITE 1603 TORONTO ON M5G 1X3 CONTINUED

83 74 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname ONTARIO LIMITED Reason / Reason / TO AMEND THE DEBTOR'S NAME, AMEND THE SECURED PARTY'S ADDRESS AND AMEND THE COLLATERAL DESCRIPTION. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation 920 CALEDONIA ROAD TORONTO ON M6B 3Y1 Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA 350 BURNHAMTHORPE ROAD WEST, SUITE 216 MISSISSAUGA ON L5B 3J1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral DELETE "ACCOUNTS AND OTHER" FROM THE GENERAL COLLATERAL DESCRIPTION ON LINE 13 OF REGISTRATION # Registering Agent Registering Agent or Secured Party/ Lien Claimant PALLETT VALO, LLP

84 75 90 BURNHAMTHORPE ROAD WEST, STE 1600 MISSISSAUGA ON L5B 3C3 CONTINUED

85 76 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X A AMNDMNT Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / AMEND SECURED PARTY ADDRESS. Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee NATIONAL BANK OF CANADA - TRANSIT KING STREET WEST, PO BOX 81 TORONTO ON M5X 1B1 Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS

86 NORLAND AVENUE BURNABY BC V5G 3S8 CONTINUED

87 78 Type of Search Search Conducted On Business Debtor File Currency 08AUG 2018 File Family of Families Page FORM 2C FINANCING CHANGE STATEMENT / CHANGE STATEMENT Caution Filing Page of Total Pages Schedule Attached of Pages Registration Registered Under Record Referenced File Page No Specific Page Change Required X B RENEWAL 3 Renewal Years Correct Period Reference Debtor/ Transferor First Given Name Initial Surname Reason / Reason / Debtor/ Transferee Date of Birth First Given Name Initial Surname Ontario Corporation Secured Party Secured party, lien claimant, assignee Collateral Classification Consumer Goods Inventory Equipment Accounts Other Included Amount Date of Maturity or No Fixed Maturity Date Year Make Model V.I.N. General Collateral General Collateral Registering Agent Registering Agent or Secured Party/ Lien Claimant CANADIAN SECURITIES REGISTRATION SYSTEMS