Common use of SECURITY TO BE DELIVERED Clause in Contracts

SECURITY TO BE DELIVERED. The Borrower shall deliver the following security (the "Security") duly registered where applicable, and all in the form and on the terms acceptable to the Lender's solicitors: a) Mortgage – A 1st mortgage in the principal amount of $10,000,000 on the Coronation (Hush) MZGI 57 Project and property, specifically being Lots 2‐4, 7, and 12‐14.

SECURITY TO BE DELIVERED. The Borrower shall deliver the following security (the "Security") duly registered where applicable, and all in the form and on the terms acceptable to the Lender's solicitors: a) Mortgage – A 1st mortgage in the principal amount of $10,000,000 6,500,000 on the Coronation (Hush) MZGI 57 Project Xxxxxxxxxxx Mill project and property, specifically being Lots 2‐4, 7, 4‐6 and 12‐149‐10.