Mortgage commitment by and between Snave Holdings Ltd, (the lender) and SusGlobal Energy Canada Corp., (the borrower) dated November 2, 2023
| LRO # 62 Charge/Mortgage | Receipted as WE1708027 on 2023 11 02 | at 15:55 |
| The applicant(s) hereby applies to the Land Registrar. | yyyy mm dd | Page 1 of 2 |
| Properties |
| PIN | 17566 - 0052 LT | Interest/Estate | Fee Simple |
| Description | PT LT 28 CON 1 SALTFLEET BEING PTS 9,10 & 28 PL 62R15125; CITY OF HAMILTON | ||
| Address | 490 NASH ROAD NORTH |
|
|
|
| HAMILTON |
|
|
| Chargor(s) |
The chargor(s) hereby charges the land to the chargee(s). The chargor(s) acknowledges the receipt of the charge and the standard charge terms, if any.
| Name | SUSGLOBAL ENERGY CANADA CORP. |
| Address for Service | 200 Davenport Road |
|
| Toronto, Ontario M5R 1J2 |
| A person or persons with authority to bind the corporation has/have consented to the registration of this document. | |
| This document is not authorized under Power of Attorney by this party. | |
| Chargee(s) | Capacity | Share |
| Name | SNAVE HOLDINGS LTD. | |||
| Address for Service | 206 Lakeside Avenue | |||
| Burlington, ON L7N 1T5 | ||||
| Provisions | ||||
| Principal | $2,000,000.00 | Currency | CDN | |
| Calculation Period | Monthly, not in advance | |||
| Balance Due Date | 2025/11/02 | |||
| Interest Rate | 7% per annum | |||
| Payments | $11,666.67 | |||
| Interest Adjustment Date | 2023 11 02 | |||
| Payment Date | Monthly | |||
| First Payment Date | 2023 12 02 | |||
| Last Payment Date | 2025 11 02 | |||
| Standard Charge Terms | 200033 | |||
| Insurance Amount | Full insurable value | |||
| Guarantor |
| Additional Provisions |
The Chargor shall have the option to prepay this charge, in whole or in part, without bonus or penalty.
This charge shall be repayable, interest only, on a monthly basis until the balance due date.
Section 14 of the standard charge terms are hereby amended by adding the following sentence immediately after the first sentence "Notwithstanding the foregoing, nothing herein shall prevent the Chargor from registering subsequent charges on title to the land.".
| Signed By |
| Pamela Margaret Lord | 69 Markland Street | acting for | Signed 2023 11 02 | |
|
|
| Hamilton | Chargor(s) |
|
|
|
| L8P 2J8 |
|
|
| Tel | 905 ###-###-#### |
|
|
|
| Fax | 905 ###-###-#### |
|
|
|
| I have the authority to sign and register the document on behalf of the Chargor(s). |
|
| ||
| Submitted By |
| PAUL D. MAZZA | 69 Markland Street | 2023 11 02 |
|
| Hamilton | Hamilton |
|
| L8P 2J8 |
|
| Tel 905 ###-###-#### |
|
|
| Fax 905 ###-###-#### |
|
|
| LRO # 62 Charge/Mortgage | Receipted as WE1708027 on 2023 11 02 | at 15:55 |
| The applicant(s) hereby applies to the Land Registrar. | yyyy mm dd | Page 2 of 2 |
| Fees/Taxes/Payment |
| Statutory Registration Fee | $69.00 |
| Total Paid | $69.00 |
| File Number |
| Chargor Client File Number : | 23.1069 [ATD/SM] |
