Use this template to prepare a Share Pledge Agreement for the Province of Ontario, Canada, under which a borrower pledges shares issued in the borrower's name to a lender as security for a loan. Provisions of the pledge agreement include:

• The borrower agrees to pledge any additional, substitute or replacement shares issued in its name.
  
• The borrower retains the right to vote the shares.
  
• The agreement contains a limitation on personal liability clause with respect to the borrower's responsibility for any deficiency owing after disposition of the shares.

This is a Canadian legal document in MS Word format, pursuant to the provisions of the Ontario Personal Property Security Act.