Mortgage Commitment between R. Williamson Consultants Ltd., P.I.C.K.S. Inc., and Canadian Western Trust Company (the lenders") and 1684567 Ontario Inc. (the "borrower") and SusGlobal Energy Corp. (the "guarantor"), on March 1, 2023
| 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 |
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| BELLEVILLE |
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| 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 |
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| ROSLIN |
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| PIN | 40532 - 0033 | LT | Interest/Estate | Fee Simple |
| Description | PT LT 20 CON 8 THURLOW PT 2 21R19513; S/T QR266045; BELLEVILLE ; COUNTY | |||
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| OF HASTINGS |
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| Address | PHILLIPSTON ROAD |
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| BELLEVILLE |
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| PIN | 40532 - 0041 | LT | Interest/Estate | Fee Simple |
| Description | PT LT 20 CON 8 THURLOW PT 25, 27 AND 29 21R6801; BELLEVILLE ; COUNTY OF | |||
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| HASTINGS |
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| Address | PHILLIPSTON ROAD |
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| BELLEVILLE |
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| 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, |
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| 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 |
