Susglobal Energy Corp Watch

from 10-Q 4 pages July 29, 2024 Susglobal Energy Canada 1 Ltd 200 Davenport Road Toronto, on M5r 1j2 Dear Sirs: Re: Gillam Construction Group Ltd. (The "Lender") Mortgage Loan to Susglobal Energy Canada 1 Ltd. (The "Borrower") Regarding 520 Nash Road North, Hamilton, on (The "Property") This Letter Agreement Sets Out the Terms and Condition of the Mortgage Loan Between the Lender and the Borrower, as Follows: 1. Purpose(s) of Loan: The Purpose of the Loan (The "Loan") Is to Settle Certain Claims Between the Borrower and the Lender in the Amount of Three Million Dollars ($3,000,000) (The "Loan Amount"). 2. Loan Amount

from S-1 7 pages November 15, 2021 Susglobal Energy Corp. 200 Davenport Road Toronto, on M5r 1j2 Susglobal Energy Canada Corp. 200 Davenport Road Toronto, on M5r 1j2 Susglobal Energy Canada I Ltd. 200 Davenport Road Toronto, on M5r 1j2 Susglobal Energy Belleville Ltd. 200 Davenport Road Toronto, on M5r 1j2 Attention: Mr. Marc Hazout, Mr. Ike Makrimichalos Dear Sirs: Re: Pace Credit Union ("Pace") and Susglobal Energy Corp. ("SEC), Susglobal Energy Canada Corp. ("Secc"), Susglobal Energy Canada I Ltd. ("Sec1l"), and Susglobal Energy Belleville Ltd. ("Sebl") (Collectively the "Borrowers") Recitals

from 8-K 8 pages Whereas Pursuant to an Agreement Among 1684567 Ontario Inc., as Borrower (The "Borrower") and the Lender, as Amended, (As Same May Subsequently Be Amended, Amended and Restated, Modified, Extended, Supplemented or Replaced From Time to Time, the "Agreement"), the Lender Agreed to Provide Certain Credit Facilities to the Borrower; and Whereas the Borrower Executed the Security Documents Securing the Obligations of the Borrower Under the Agreement (The "Security Documents"); and Whereas the Guarantor Has Agreed to Guarantee Payment of All of the Obligations of the Borrower to the Lender and in Favour of the Lender, as Security for the Payment and Performance of the Secured Obligations (As Hereinafter Defined); and Whereas Capitalized Terms Not Herein Defined Shall Have the Same Meaning as Ascribed Thereto in the Agreement. Now Therefore, the Parties Hereto Agree as Follows: 1.01 Guarantee 1.1 Guarantee

from 10-Q 6 pages The Lender Hereby Commits to Lend to the Borrower and the Borrower Commits to Borrow From the Lender the Amount Set Forth in Paragraph 1.1 Below Subject to the Following Terms and Conditions: 1.0 Details of Mortgage Loan Loan Amount and Priority: The Sum of One Million Eight-Hundred Thousand ($1,800,000.00) by Way of a Pledge of Shares of 1684567, First Position Ppsa Registration and First Mortgage on the Premises. Interest Rate: The Interest Rate Applicable to the First Mortgage Loan Shall Be the Greater of 6.05% Over the Rbc Prime Rate of Interest or the Sum of Ten Percent (10%) Per Annum Calculated and Payable Interest Only Monthly. Term: The Term Shall Be for One (1) Year From the Date of Closing