Hello all,
A non-inclusive list of the items on my end. James and Timothy will have
others, particularly the more operationally focused.
Items:
- Leases - No consent needed
- Matt and Angie employment agreements - Finalize/sign
- Wire form - Send to me
- Funds flow - Review and finalize Tuesday before Friday close
- Purchase agreement - See items below
Legal and purchase agreement items (Matt/Angie, your counsel should be
aware, so please coordinate directly with them and pull me in if needed):
1. Settlement of corporate closing documents – *in progress and lawyers
to attend to.*
2. Sellers to distribute cash out of Corporations – *Sellers to attend
to. We will only adjust up to $100k of cash as part of the post-closing
adjustment.*
3. Payout of Closing Indebtedness – *Sellers to attend to. Their counsel
is aware of this and can assist. They need to provide us with evidence of
payout.*
1. Waterloo:
i. $60k
CEBA Loan
ii. Bank
of Nova Scotia
iii. Canadian
Western Bank
iv. CWB
Maxium Financial - $680,450 promissory note issued by Waterloo to be marked
“cancelled”
1. Oakville:
i. $60k
CEBA Loan
ii. Canadian
Western Bank
iii. CWB
Maxium Financial - $680,450 promissory note issued by Oakville to be marked
“cancelled”
1. Discharge of Encumbrances (Personal Property Security Act liens)
– *Sellers
to attend to. Their counsel is aware of this and can assist. They need to
provide us with evidence of the discharges.*
1. Waterloo:
i. Bank
of Nova Scotia – No. *20180327 1309 1532 6654*
ii. Canadian
Western Bank - *No. 20180516 1320 1532 7662*
1. Oakville:
i.
*20180515
1934 1531 3624*
1. Removal of two excluded vehicles from the Corporations – *Sellers to
attend to. Their counsel is aware of this and can assist. They need to
provide us with evidence of the removal of these vehicles.*
1. 2020 Lincoln Aviator. This includes evidence of the termination of
the lease agreement and discharge of Personal Property Security Act Lien
20201207 1305 1532 7698.
2. 2015 Lincoln MKZ
2. The Sellers to provide evidence the share pledge agreements with CWB
Maxium Financial have been terminated and original share certificates and
blank stock powers returned to the Corporations. *Sellers to attend to.
Their counsel is aware of this and can assist.*
3. Corporations to process the resignations of the 22 employees who have
resigned. Some of these resignations have been processed based on our
review of their Records of Employment. Others still need to be processed.
These employees are listed in the disclosure schedule.* Sellers to
attend to. Their counsel is aware of this and can assist.*
--
Lucas Motro
Director of Corporate Development
*Please note my email has changed:*
lmotro@homecareassistance.com <Lucas.Motro@TheKey.com>
TheKey.com
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