Nurture RX Receivership Claims Process

This page is for information purposes only and you should consult your professional adviser if you have any questions or are uncertain as to your rights or obligations.

NURTURE RX LTD. – IN RECEIVERSHIP

CLAIMS PROCESS NOTICE

RE:  Notice of Call for Claims, Claims Procedure and Claims Bar Date

NOTICE IS HEREBY GIVEN THAT, by Order of the Supreme Court of British Columbia made January 30, 2024 (the “Claims Process Order”), Derek L. Chase & Associates Ltd., LIT, in its capacity as the Court-appointed Receiver and Manager (the “Receiver”) of Nurture Rx Ltd. (the “Company”), has been authorized to conduct a claims procedure with respect to claims against the Company in accordance with the terms of the Claims Process Order.

All persons wishing to assert a Claim against the Company must file a Proof of Claim with the Receiver.  THE CLAIMS BAR DATE is 4:30 pm (Pacific Time) on March 12, 2024.  Proofs of Claim must be filed with the Receiver on or before the Claims Bar Date.

PROOFS OF CLAIM MUST BE RECEIVED BY THE RECEIVER BY THE CLAIMS BAR DATE OR THE CLAIM WILL BE FOREVER BARRED AND EXTINGUISHED.  If you are required to file a Proof of Claim pursuant to the Claims Process, but do not file a Proof of Claim in respect of a Claim by the Claims Bar Date, you will not be entitled to participate in any distribution in respect of any such Claim.

The Claims Process is intended for any Person with a Claim against the Company, in connection with any indebtedness, liability or obligation of any kind, whether liquidated, unliquidated, contingent or otherwise, including any other claims that would be claims provable in bankruptcy had Nurture Rx Ltd. made an assignment in bankruptcy as of the Receivership Date, being August 25, 2023.

All persons wishing to assert a Claim against the Company must file a Proof of Claim with the Receiver before 4:30 pm (Pacific Time) on March 12, 2024 (the “Claims Bar Date”).  Persons not filing a Proof of Claim in respect of their Claim by the Claims Bar Date, will not be entitled to participate in any distribution in respect of any such Claim.

PROOFS OF CLAIM MUST BE RECEIVED BY THE RECEIVER BY THE CLAIMS BAR DATE OR THE CLAIM WILL BE FOREVER BARRED AND EXTINGUISHED.

ANY DISTRIBUTION ON ACCOUNT OF PROVEN CLAIMS WILL BE ADDRESSED BY A SUBSEQUENT COURT ORDER.  SHOULD THE TOTAL VALUE OF ALL PROVEN CLAIMS EXCEED THE LANDS DISTRIBUTION AMOUNT HELD IN TRUST OF $150,000.00, CLAIMANTS MAY NOT RECEIVE THE FULL VALUE OF A PROVEN CLAIM IN ANY SUBSEQUENT DISTRIBUTION.

The Proofs of Claim will be evaluated by the Receiver, and where the Claim is disputed in whole or in part, the Receiver will issue a notice to the Claimant indicating the reasons for the revision or disallowance of the Claim (the “Notice of Revision or Disallowance”). The Receiver will issue any Notice of Revision or Disallowance by no later than 4:30 p.m. (Pacific Time) on March 19, 2024.

Where a Claimant objects (the “Objection”) to a Notice of Revision or Disallowance, the Claimant must notify the Receiver of the objection by way of a notice (the “Dispute Notice”) in writing by registered mail, courier service, facsimile or email, setting out the grounds for the objection, by no later than 4:30 p.m. (Pacific Time) on March 26, 2024 (the “Objection Deadline”).

The Claims Process Order and the Notice of Revision and Disallowance provide for further details on how an Objection will be dealt with.

The table below sets out the deadlines for the Claims Procedure events:

A creditor that does not provide the Receiver and Manager a Dispute Notice to a Notice of Revision or Disallowance issued by the Receiver and Manager shall, unless otherwise ordered by the Court, be conclusively deemed to have accepted the assessment of its Claim as set out in such Notice of Revision or Disallowance.