Re: BLA-0000002955 - ARYA HEALTHY LIVING INC. - MLITSD THA Licence Application - Request for Additional Information

--0000000000007eb1b1064382670d Content-Type: multipart/alternative; boundary="0000000000007eb1b0064382670c" --0000000000007eb1b0064382670c Content-Type: text/plain; charset="UTF-8" Content-Transfer-Encoding: quoted-printable @Sean Cygan Please reach out to the contact for the application first to confirm whether the language change proposed by the bank will be acceptable before we instruct the bank to begin the KYC process. That process will take considerably longer to complete, and I=E2= =80=99d prefer not to have the bank start it unnecessarily if the letter with the revised language can be submitted and accepted as is. On Thu, Nov 13, 2025 at 4:42=E2=80=AFPM Sean Cygan wrot= e: > Hi Dylan, > > I haven't reached out to them for an answer yet. But reviewing their > request it needs to be the following. > > *Per the ministry template > , > the first paragraph must be replaced with the following: * > > - WE, JPMORGAN CHASE BANK, N.A., TORONTO BRANCH, ATTN: STANDBY LETTER > OF CREDIT UNIT, SUITE 4500, TD BANK TOWER, 66 WELLINGTON STREET WEST, > TORONTO, ONTARIO M5K 1 E7, CANADA (EITHER "WE" OR THE "BANK") HEREBY I= SSUE > TO AND IN YOUR FAVOUR OUR IRREVOCABLE STANDBY LETTER OF CREDIT* FOR > THE ACCOUNT OF ARYA HEALTHY LIVING INC.* 375 UNIVERSITY AVENUE EAST, > UNIT 104, WATERLOO, ONTARIO, N2K 3M7 (THE "CUSTOMER") FOR AN AMOUNT NO= T TO > EXCEED CAD 25,000.00 (CANADIAN TWENTY-FIVE THOUSAND AND 00/100 DOLLARS= ) IN > LAWFUL MONEY OF CANADA. > > I think the best thing to do is request the letter from our bank as > Ontario requested. I will let them know that the letter has been > requested from our bank with the language they are requesting and it > will take a few weeks for us to receive it. > > Sean > > On Thu, Nov 13, 2025 at 1:43=E2=80=AFPM Sean Cygan wr= ote: > >> Hi Dylan, >> >> Let me reach out to them for an answer. >> >> Sean >> >> On Thu, Nov 13, 2025 at 11:41=E2=80=AFAM Dylan Hodson >> wrote: >> >>> Hi Sean, >>> >>> We are running into a roadblock with JP Morgan. Arya Healthy Living has >>> not been KYC'd with the bank, which often can take 4-6 weeks to complet= e. >>> >>> They are asking if the below alternative language would be sufficient a= s >>> it could be processed quicker and not require the full KYC process. Can= you >>> advise? >>> >>> Hi Dylan =E2=80=93 Is it possible to keep the highlighted language as i= s? If we >>> remove the =E2=80=9CFOR THE ACCOUNT HCA HOME CARE=E2=80=A6=E2=80=9D, we= will need to complete KYC >>> for Arya Healthy Living, Inc. This language does not change any dynamic= s of >>> the Letter of Credit, it=E2=80=99s just a matter of where the Obligatio= n sits, so >>> they shouldn=E2=80=99t have an issue with keeping it. >>> >>> >>> >>> >>> >>> *FOR THE ACCOUNT HCA HOME CARE ASSISTANCE CANADA INC., 1100** - 1055 >>> WEST GEORGIA STREET, VANCOUVER, BRITISH COLUMBIA, V6E 3P3 >>> FOR >>> AND ON BEHALF OF ARYA HEALTHY LIVING INC. *375 UNIVERSITY AVENUE EAST, >>> UNIT 104, WATERLOO, ONTARIO, N2K 3M7 >>> (THE >>> "CU