DocuSign Envelope ID: A613135E-39C7-4456-AA55-58AC2960DADE

Calderbank Funding
35 Water Street S 1-877-315-6052
Cambridge, Ontario N1R3C7 www.calderbankfunding.com

Loan Agreement

Robert King referred to as BORROWER, and Calderbank Funding referred to as LENDER,

That the LENDER shall lend the sum of money to the BORROWER upon secure collateral payment,
including:
Principal amount: $5000.00CAD
Total repayment: $5978.58CAD
The fixed interest rate for the loan shall be 12%
The term of the loan shall be no more than 3 years
The collateral payment shall be $498CAD
The release of the loan will take place within 2 hours for a payment to your account
The advances made herein shall be evidenced by a promissory note.
The following will be the terms of repayment:

The note shall be due, in full, on First of January 1, 2027.

BORROWER assigns to LENDER any and all deposits with LENDER as additional collateral to LENDER.
upon default, LENDER shall be entitled to set off the deposits in satisfaction of any sum due to LENDER
by the BORROWER.

The BORROWER represents that the loan proceeds will be used for personal purposes.
BORROWER shall repay the principal amount in 33 equal uninterrupted monthly payments of
$166.07CAD starting May, 2024 and ending on the First of January 2027.
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BORROWER shall be subject to a late charge of 10% of the payment if any installment payment is not
paid within 30 days of its due date, not to exceed 3 late installments.

Upon BORROWER failure to make any three consecutive payments on time, BORROWER shall be
classified in default. LENDER shall demand immediate payment of the remaining unpaid balance of this
loan, without anyone further notice. Upon BORROWER failure of final payment, BORROWER will be
subject to interest on the unpaid balance of the loan of 15.5% per year.

If this note is placed with an attorney for collection, then Borrower agrees to pay an attorney's fee of 10%
of the unpaid balance. This fee will be added to the unpaid balance of the loan.

IN WITNESS WHEREOF, the undersigned has caused this Loan Agreement to be duly executed as of the
date first written below.

Jeffrey King
President
Calderbank Funding
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Calderbank Funding
35 Water Street S 1-877-315-6052
Cambridge, Ontario N1R3C7 www.calderbankfunding.com

Promissory Note

$5000.00CAD (Face Value or Principal Note)

For value received, the undersigned Robert King (“Borrower”), promises to pay to the order of
the lender, the sum of $5000.00 CAD, with interest on unpaid principal of 12.0% per annum, upon the
demand of the Lender (“Due Date”), at Calderbank Funding or another place designated by the Lender.

Unpaid principal after the Due Date, occurring after the demand of the Lender as stated above and
as of that date, shall accrue interest at a rate of 15.5% per annum, or the highest amount allowed by law,
until paid.

Until the Note is called, the unpaid principal and accrued interest shall be payable in monthly
payments of $166.07CAD, and continuing until January 1, 2027 (Date), at which time the remaining
unpaid principal, interest, and other costs shall be due in full unless this Note was called earlier per the
above rights of the Lender to call the Note at any time.

Any payments on this Note shall first be applied against legal or collection costs until paid in full, as
then shall be due, and then against outstanding interest until paid in full, as then shall be due, and finally
applied to the outstanding principal balance.

1. Prepayment.

The Borrower reserves the right to prepay this Note (in whole or in part) prior to the Due Date with
no prepayment penalty.
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2. Collection Costs, Attorney’s Fees, and Late Charge.

If any payment obligation under this Note is not paid when due, the Borrower promises to pay all
costs of collection, including reasonable attorney fees, whether a lawsuit is commenced as part of the
collection process, without protest of any kind, legal or otherwise. If the note remains unpaid for an
additional 30 days after the Lender gives demand, the Borrower shall be required to pay a 5% late charge
based on the principal remaining due on the Note at that time.

3. Default Events.

If any of the following events of default occur, this Note and any other obligations of the Borrower
to the Lender shall be paid upon request or result in legal action against the borrower.

2) Death of the Borrower or Lender.

3) Filing of bankruptcy proceedings involving the Borrower as a Debtor.

4) Application for the appointment of a receiver for the Borrower.

5) Making a general assignment for the benefit of the Borrower's creditors.

6) Insolvency of the Borrower.

7) A misrepresentation by the Borrower to the Lender for the purpose of obtaining or extending
credit.

4. Borrower Waivers. The borrower waives presentment for payment, protest, and notice of protest and
nonpayment of this Note.

5. Additional Lender Rights. No renewal or extension of this Note, delay in enforcing any right of the
Lender under this Note, or assignment by Lender of this Note shall affect the liability or the obligations of
the Borrower. All rights of the Lender under this Note are cumulative and shall be exercised concurrently
or consecutively at the Lender's option. Lender reserves the right to perform an independent loan
underwriting assessment on the collateral payment. If said payment is deemed inadequate, the Lender
shall request additional collateral in the form of an insurance policy or additional collateral payment. Our
refund policy is a certified check mailed to you within 14 to 30 business days. Loan cancellations are
subject to a cancellation fee.
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6. Notices.

Any notice required by this Agreement or given in connection with it, shall be in writing and shall be given
to the appropriate party by personal delivery or a recognized overnight delivery service such as FedEx.

7. No Waiver.

The waiver or failure of either party to exercise in any respect any right provided in this agreement shall
not be deemed a waiver of any other right or remedy to which the party shall be entitled.

8. Entirety of Agreement.

The terms and conditions set forth herein constitute the entire agreement between the parties and
supersede any communications or previous agreements with respect to the subject matter of this
Agreement. There are no written or oral understandings directly or indirectly related to this Agreement
that are not set forth herein. No change can be made to this Agreement other than in writing and signed
by both parties.

9. Governing Law.

This Agreement shall be construed and enforced according to the laws of Ontario any dispute under this
Agreement must be brought in this venue and no other.

10. Headings in this Agreement

The headings in this Agreement are for convenience only, confirm no rights or obligations in either party,
and do not alter any terms of this Agreement.

11. Severability.

If any term of this Agreement is held by a court of competent jurisdiction to be invalid or unenforceable,
then this Agreement, including all the remaining terms, will remain in full force and effect as if such invalid
or unenforceable term had never been included.
DocuSign Envelope ID: A613135E-39C7-4456-AA55-58AC2960DADE

IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above.

Signature

Robert King

Printed Name
Jeffrey King
President
Calderbank Funding
1/17/2024

Date
DocuSign Envelope ID: A613135E-39C7-4456-AA55-58AC2960DADE

Optional Insurance Coverage

Name or Name of Business: Calderbank Funding

COVERAGES

1. Insurance Coverage: This coverage protects the Borrower from any event of Default and also reimburses
the business or borrower against any bankruptcy and in the event of death, where we will pay any
remaining balance on the principle amount including interest. This policy will also protect the borrower
against short and/or long-term disability, job loss due to layoff and medical emergency. If a claim is made,
a maximum of 12 payments will be made to the above-named lender, or if sudden death due to accidental
causes occurs the balance on the principle amount including interest will be paid in full. A claim should be
filed within 30 days of occurrence. The premium will be broken into 12 payments, which will be paid with
your monthly payments. This premium amount will not be refunded if a claim is not made.

Premium Amount: $3000

Calderbank Funding guarantees the above-named policyholder a prompt settlement of their claim
providing the policy holder has complied with all company restrictions. A copy of your policy will be mailed
out by first class mail within five (5) business days of the agreed upon final payment on said policy.

Amanda Carr
Insurance Adjuster
Calderbank Funding

Signature: Date: