ContractManagement Agreement • March 28th, 2013
Contract Type FiledMarch 28th, 2013Global Railway Industries Ltd. (the “Company” or “Global”) was the parent company of subsidiaries including CAD Railway Industries Ltd. ("CADRI") and its wholly-owned subsidiary, CAD Railway Properties Inc., which were sold on September 23, 2011 to 2290693 Ontario Inc. (the "Buyer"), GBI Industries, Inc., which was wound-up on October 14, 2011 and 1703558 Ontario Inc. ("1703558"), (formerly Bach Simpson) which commenced a voluntary wind-up on September 22, 2011. In accordance with a resolution passed by Global's shareholders at the Company's special meeting held on August 30, 2011, Global's Board of Directors initiated the voluntary wind-up of the Company on October 13, 2011. As discussed in more detail below, in January 2013 the shareholders voted to revoke the dissolution of the Company and resume business activities.