Assignment for the General Benefit of Creditors between Legend Energy Canada Ltd. and KPMG Inc.

Contract Categories: Business Finance › Assignment Agreements
Summary

Legend Energy Canada Ltd., facing insolvency, has assigned all its property to KPMG Inc. as trustee for the benefit of its creditors. This agreement, made under the Bankruptcy and Insolvency Act, allows KPMG Inc. to manage and distribute the debtor’s assets among creditors. The assignment was executed on September 17, 2014, in California, and is subject to the jurisdiction of the Alberta Court of Queen’s Bench in Bankruptcy and Insolvency.

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EX-2.1 2 ex2-1.htm EX-2.1 ex2-1.htm
Exhibit 2.1
 
 

 
District of
Division No.
Court No.
Estate No.

ASSIGNMENT FOR THE GENAL BENEFIT OF CREDITORS


This indenture made this 17th  day of  September                                 , 2014

Between
Legend Energy Canada Ltd.                                                                           
hereinafter called “the debtor”
and
KPMG Inc.
hereinafter called “the trustee”.

WHEREAS the debtor is insolvent and desires to assign and to abandon all its property for distribution among its creditors in pursuance of the Bankruptcy and Insolvency Act (the “Act”),

THIS INDENTURE WITNESSETH that the debtor does hereby assign to the trustee, all the debtor’s property, for the uses, intents and purposes provided by the Act.

SIGNED at the City of Valley City, in the State of California, in the presence of

Niky Lovejoy                                                                           
               (Print name of witness)                                                                                                                     Notary Stamp
DATED: September 17, 2014


LEGEND ENERGY CANADA LTD.


Per:  /s/                                                                
(Marshall Diamond-Goldberg)


/s/                                                                      
         Signature of witness
 
 
 
 
 
 
 
Registry No.:                                                      
 
 
 
 
 
 
ALBERTA
COURT OF QUEEN’S BENCH
IN BANKRUPTCY AND INSOLVENCY
 
 
 
 
 
IN THE MATTER OF THE BANKRUPTCY
 OF LEGEND ENERGY CANADA LTD., OF
THE ______________ OF
_____________, IN THE PROVINCE OF
ALBERTA



ASSIGNMENT FOR THE GENERAL
BENEFIT OF CREDITORS
 



KPMG INC.
TRUSTEE
Bow Valley Square II
205-5th Avenue SW
Suite 2700
Calgary AB, T2P 4B9