Addendum No. 4 to Loan Agreement Between Jefferson Thachuk and Coronus Solar Inc. (April 18, 2012)

Contract Categories: Business Finance › Loan Agreements
Summary

This addendum updates the loan agreement between Jefferson Thachuk (the lender) and Coronus Solar Inc. (the borrower) as of April 18, 2012. It confirms the outstanding loan amounts—CAD $218,500 and USD $6,600—and provides a record of loan activity since December 29, 2011. The addendum is signed by both parties and serves to accurately reflect the current status and history of the loans.

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EX-10.87 72 exh10-87.htm LOAN AGREEMENT WITH JEFFERSON THACHUK (APRIL 18, 2012 ADDENDUM). exh10-87.htm
Exhibit 10.87

LOAN AGREEMENT
 
(Addendum No. 4)
 

WHEREAS:
 
 
·     
This addendum serves to update the Loan Agreement (attached as Exhibit 10.1 to the Form 10-K/A-2 Coronus Solar Inc. filed with the SEC on December 10, 2010) between Jefferson Thachuk (the “Lender”) and Coronus Solar Inc. (the “Borrower”), and subsequently updated by Addendum No. 1, dated June 20, 2011 (attached as Exhibit 10.35 to the Form 10-K Coronus Solar Inc. filed with the SEC on June 27, 2011), by Addendum No. 2, dated October 26, 2011 (attached as Exhibit 10.44 to the Form 10-Q Coronus Solar Inc. filed with the SEC on November 14, 2011), and by Addendum No. 3, dated February 8, 2012 (attached as Exhibit 10.46 to the Form 10-Q Coronus Solar Inc. filed with the SEC on February 15, 2012).
 
 
·     
This addendum is current as of April 18, 2012.
 
 
·     
A detailed chronology of the Loans, subsequent to December 29, 2011  is attached to this addendum as Exhibit A.
 
 
·     
As at March 31, 2012, the principal amount of the Loans totaled CAD $218,500, plus USD $6,600.
 
 
·     
As at April 18, 2012, the principal amount of the Loans totaled CAD $218,500, plus USD $6,600.
 
 
RESOLVED:
 
This addendum fairly and accurately characterizes the subsequent loan activity between the Lender and the Borrower.
 

 

 

 
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DATED:  this 18th day of April, 2012.
 

 

 
Jefferson Thachuk
  
David Holmes
Jefferson Thachuk
  
David Holmes
Lender
  
Coronus Solar Inc., Director
     
     
     
     
     
Kenneth Bogas
    
Kenneth Bogas
    
Coronus Solar Inc., Director
    

 

 

 

 

 

 

 

 
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EXHIBIT A
 
Loans from Shareholder - Jeff Thachuk
As at April 18, 2012
   
CAD
  
USD
Date
Source
Principal
  
Principal
         
29-Dec-11
Opening Balance
225,850
  
6,600
11-Jan-12
Deposit
1,000
  
-
30-Jan-12
Deposit
1,000
    
23-Feb-12
Repayment
(12,800)
    
2-Mar-12
Deposit
7,500
    
30-Mar-12
Repayment
(4,000)
    
         
 Total
  
CAD         218,500
  
USD             6,600

 

 

 

 

 

 

 

 

 

 

 
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