The Jaswal Institute advised AIP Asset Management Inc. (“AIP”) on a Note Purchase Agreement (the “Agreement”) with Carl Data Solutions Inc. (CSE: CRL, Frankfurt: 7C5) (“Carl” or the “Company”), a developer of Big-Data-as-a-Service (“BDaaS”) and Internet-of-Things (“IoT”) solutions for data collection and analysis, pursuant to which Carl has agreed to issue certain funds of AIP (collectively, the “Holders”) senior secured collateralized convertible notes (the “Notes”) in the aggregate principal amount of CAD $2,000,000 (the “Offering”). The Company has received in escrow gross proceeds of $2,000,000.
Jay Bala, Portfolio Manager at AIP Asset Management, commented:
“Johnny Jaswal is a highly proficient lawyer who has deep legal and business expertise as well as the personality and professionalism to make everyone feel at ease and get the deal done.
Johnny strikes a perfect balance between accomplishing business objectives and risk mitigation. His ability to anticipate and prepare for issues allows you to close a deal on great terms while ensuring you are protected. We would highly recommend Johnny as your advisor.”