EXHIBIT 4.21
ACKNOWLEDGEMENT AND CONFIRMATION
TO: Xxxxx X.X. Xxxxx
000 Xxxxx Xxxx
Xxxxx Xxxxxxxxx, Xxxxxxx Xxxxxxxx, X0X 0X0
(the "Lender")
The undersigned refers to:
1. the loan consolidation agreement made effective as of the 1st day of
October, 2003 (as amended, renewed or replaced from time to time the
"Loan Agreement") between the Lender and Consolidated Envirowaste
Industries Inc. (the "Borrower");
2. the general security agreement dated August 30, 1999 ("GSA") granted by
the undersigned in favour of the Lender; and
3. the guarantee and postponement of claim dated February 10, 2004 (the
"Guarantee") executed and delivered by the undersigned to the Lender,
with respect to the debts and liabilities of the Borrower to the Lender
under or pursuant to the Loan Agreement.
In consideration of the Lender entering into the Loan Agreement with the
Borrower the undersigned hereby acknowledges, agrees and confirms to the Lender
that the GSA is also delivered to the Lender and held by the Lender as
collateral security for the obligations of the undersigned to the Lender under
the Guarantee.
Dated this 10th day of February, 2004.
THE ANSWER GARDEN PRODUCTS LTD.
Per: "Xxxx Xxxxxxx"
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Authorized Signatory
