Charge/Mortgage Agreement between 1684567 Ontario Inc. and R. Williamson Consultants Ltd., P.I.C.K.S. Inc., and Canadian Western Trust Company, Guaranteed by SusGlobal Energy Corp.

Summary

This agreement is a mortgage contract in which 1684567 Ontario Inc. pledges several properties in Belleville, Ontario, as security for a $1,500,000 Canadian loan. The lenders are R. Williamson Consultants Ltd., P.I.C.K.S. Inc., and Canadian Western Trust Company, each holding an equal share. The loan carries a 12% annual interest rate, with monthly payments of $15,000, and is due in full by March 1, 2024. SusGlobal Energy Corp. acts as guarantor. The agreement requires full insurance coverage on the properties.

EX-10.9 4 exhibit10-9.htm EXHIBIT 10.9 SusGlobal Energy Corp.: Exhibit 10.9 - Filed by newsfilecorp.com

LRO # 21 Charge/Mortgage	Receipted as HT326870 on 2023 03 01	at 14:42
The applicant(s) hereby applies to the Land Registrar.	yyyy mm dd	Page 1 of 5

*Properties*
PIN	40532 - 0031	LT	Interest/Estate	Fee Simple
Description	PT LT 20 CON 8 THURLOW PT 1 21R18453; BELLEVILLE ; COUNTY OF HASTINGS

Address	PHILLIPSTON ROAD
	BELLEVILLE

PIN	40532 - 0032	LT	Interest/Estate	Fee Simple
Description	PT LT 20 CON 8 THURLOW PT 1 21R19513; BELLEVILLE; COUNTY OF HASTINGS

Address	704 PHILLIPSTON ROAD
	ROSLIN

PIN	40532 - 0033	LT	Interest/Estate	Fee Simple
Description	PT LT 20 CON 8 THURLOW PT 2 21R19513; S/T QR266045; BELLEVILLE ; COUNTY
	OF HASTINGS

Address	PHILLIPSTON ROAD
	BELLEVILLE

PIN	40532 - 0041	LT	Interest/Estate	Fee Simple
Description	PT LT 20 CON 8 THURLOW PT 25, 27 AND 29 21R6801; BELLEVILLE ; COUNTY OF
	HASTINGS

Address	PHILLIPSTON ROAD
	BELLEVILLE

*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	1684567 ONTARIO INC.
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	R. WILLIAMSON CONSULTANTS LTD.	as to a
		500,000/1,500,
		000
Address for Service	86 Carrick Trail, Gravenhurst, Ontario, P1P 0A6
Name	P.I.C.K.S. INC.	as to a
		500,000/1,500,
		000
Address for Service	85 Wilmot Street, Unit 1, Richmond Hill, Ontario, L4B 1K7
Name	CANADIAN WESTERN TRUST COMPANY	as to a
		500,000/1,500,
		000
Address for Service	IN TRUST FOR 107861, 300-750 Cambie Street, Vancouver,
	BC, V6B 0A2

*Statements*
Schedule: See Schedules

*Provisions*

Principal	$1,500,000.00	Currency	Cdn$
Calculation Period	monthly not in advance
Balance Due Date	2024/03/01
Interest Rate	12% per annum
Payments	$15,000.00
Interest Adjustment Date	2023 03 01
Payment Date	1st day, monthly
First Payment Date	2023 04 01
Last Payment Date	2024 03 01
Standard Charge Terms	200033

LRO # 21 Charge/Mortgage	Receipted as HT326870 on 2023 03 01	at 14:42
The applicant(s) hereby applies to the Land Registrar.	yyyy mm dd	Page 2 of 5

*Provisions*

Insurance Amount	Full insurable value
Guarantor	Susglobal Energy Corp.

*Signed By*
Timothy Alex Petrou		200-9100 Jane Street, Building A	acting for	Signed 2023 03 01
		Vaughan	Chargor(s)
		L4K 0A4
Tel	905 ###-###-####
Fax	905 ###-###-####
I have the authority to sign and register the document on behalf of the Chargor(s).

*Submitted By*
CIRILLO PETROU LAW PROFESSIONAL		200-9100 Jane Street, Building A	2023 03 01
CORPORATION		Vaughan
		L4K 0A4
Tel	905 ###-###-####
Fax	905 ###-###-####

*Fees/Taxes/Payment*
Statutory Registration Fee		$69.00
Total Paid		$69.00

*File Number*

Chargor Client File Number :

10056/23