LOAN AGREEMENT (Addendum No. 4)
Exhibit 10.87
(Addendum No. 4)
WHEREAS:
|
·
|
This addendum serves to update the Loan Agreement (attached as Exhibit 10.1 to the Form 10-K/A-2 Coronus Solar Inc. filed with the SEC on December 10, 2010) between Xxxxxxxxx Xxxxxxx (the “Lender”) and Coronus Solar Inc. (the “Borrower”), and subsequently updated by Addendum No. 1, dated June 20, 2011 (attached as Exhibit 10.35 to the Form 10-K Coronus Solar Inc. filed with the SEC on June 27, 2011), by Addendum No. 2, dated October 26, 2011 (attached as Exhibit 10.44 to the Form 10-Q Coronus Solar Inc. filed with the SEC on November 14, 2011), and by Addendum No. 3, dated February 8, 2012 (attached as Exhibit 10.46 to the Form 10-Q Coronus Solar Inc. filed with the SEC on February 15, 2012).
|
|
·
|
This addendum is current as of April 18, 2012.
|
|
·
|
A detailed chronology of the Loans, subsequent to December 29, 2011 is attached to this addendum as Exhibit A.
|
|
·
|
As at March 31, 2012, the principal amount of the Loans totaled CAD $218,500, plus USD $6,600.
|
|
·
|
As at April 18, 2012, the principal amount of the Loans totaled CAD $218,500, plus USD $6,600.
|
RESOLVED:
This addendum fairly and accurately characterizes the subsequent loan activity between the Lender and the Borrower.
1
DATED: this 18th day of April, 2012.
|
Xxxxxxxxx Xxxxxxx
|
Xxxxx Xxxxxx
|
|
|
Xxxxxxxxx Xxxxxxx
|
Xxxxx Xxxxxx
|
|
|
Lender
|
Coronus Solar Inc., Director
|
|
|
Xxxxxxx Xxxxx
|
||
|
Xxxxxxx Xxxxx
|
||
|
Coronus Solar Inc., Director
|
2
|
EXHIBIT A
|
||||
|
Loans from Shareholder - Xxxx Xxxxxxx
|
||||
|
As at April 18, 2012
|
||||
|
CAD
|
USD
|
|||
|
Date
|
Source
|
Principal
|
Principal
|
|
|
29-Dec-11
|
Opening Balance
|
225,850
|
6,600
|
|
|
11-Jan-12
|
Deposit
|
1,000
|
-
|
|
|
30-Jan-12
|
Deposit
|
1,000
|
||
|
23-Feb-12
|
Repayment
|
(12,800)
|
||
|
2-Mar-12
|
Deposit
|
7,500
|
||
|
30-Mar-12
|
Repayment
|
(4,000)
|
||
|
Total
|
CAD 218,500
|
USD 6,600
|
||
3
