0001354488-15-003886 Sample Contracts

CDN $30,000 Toronto, Ontario
Promissory Note • August 14th, 2015 • Algae Dynamics Corp. • Medicinal chemicals & botanical products

FOR VALUE RECEIVED, the undersigned, Algae Dynamics Corp. (the "Borrower"), hereby promises to pay to the order of, _Teresa Nowak_ having an address at _4213 Bloor Street West, Etobicoke, Ontario M9C 1Z6_(the "Lender”), the principal sum of _$33,000_ [110% of amount borrowed] plus any accrued and unpaid interest by May 6, 2016. (All monetary amounts herein not otherwise identified are expressed in Canadian Dollars).

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