LOAN AGREEMENT (Addendum No. 1)
Exhibit 10.35
(Addendum No. 1)
WHEREAS:
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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”).
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This addendum is current as of June 20, 2011.
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A detailed chronology of the Loans, subsequent to October 19, 2010 is attached to this addendum as Exhibit A.
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As at March 31, 2011, the principal amount of the Loans totaled CAD $246,000 and USD $6,600.
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As at June 20, 2011, the principal amount of the Loans totaled CAD $204,500, plus USD $6,600.
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RESOLVED:
This addendum fairly and accurately characterizes the subsequent loan activity between the Lender and the Borrower.
DATED: this 20th day of June, 2011.
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XXXXXXXXX XXXXXXX
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XXXXX XXXXXXXX
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Xxxxxxxxx Xxxxxxx
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Xxxxx Xxxxxxxx
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Lender
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Coronus Solar Inc., Director
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XXXXX XXXXXX
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XXXXXXX XXXXX
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Xxxxx Xxxxxx,
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Xxxxxxx Xxxxx
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Coronus Solar Inc., Director
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Coronus Solar Inc., Director
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1
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EXHIBIT A
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Loans from Shareholder - Xxxx Xxxxxxx
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As at June 20, 2011
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CAD
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USD
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Date
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Source
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Principal
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Principal
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19-Oct-10
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Opening Balance
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246,000
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6,600
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18-Apr-11
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Deposit
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8,500
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-
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10-May-11
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Payment
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(50,000)
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-
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Total
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CAD 204,500
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USD 6,600
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