Summary of Oral Loan Agreement between SusGlobal Energy Corp. and Gordon Miller
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Summary
SusGlobal Energy Corp. and its director, Gordon Miller, entered into an oral agreement on April 11, 2018, under which Mr. Miller loaned the company $19,928 (USD) at 12% annual interest. The loan is unsecured, due on demand, and there is no written contract documenting the terms.
EX-10.42 4 exhibit10-42.htm EXHIBIT 10.42 SusGlobal Energy Corp.: Exhibit 10.42 - Filed by newsfilecorp.com
Exhibit 10.42
Summary of Terms of Oral Agreement
The following summarizes the material terms of an Oral Agreement between SusGlobal Energy Corp. and Gordon Miller.
On April 11, 2018, Gordon Miller, a director of SusGlobal Energy Corp. made a loan in the amount of $19,928 ($25,000 CAD). The loan bears interest of 12% per annum, is due on demand and is unsecured. There is no written agreement evidencing this loan.
