Canada Share Pledge Agreement as Loan Security

Canadian lenders, have a borrower pledge shares as loan security with this Share Pledge Agreement.

• The borrower pledges shares it holds in its name over to the lender as additional security for a loan being granted by the lender.
• The lender will keep possession of the shares until the loan is repaid.
• The lender has the right to vote the shares and to receive any benefit (such as dividends) from the shares while the shares are being held as security.