Loan and Charging Agreement | Canada
Canadian lenders can use this downloadable Loan and Charging Agreement to prepare loan documents for a borrower.
- The template includes both the Loan Agreement and a promissory note for the principal amount of the loan plus interest.
- The borrower agrees to register an encumbrance against title to real estate owned by the borrower, as collateral security for the loan.
- If the borrower defaults in repaying the loan, title to the property will be transferred to the lender.
- Available in MS Word format.
- Intended to be used only in Canada.
Ontario Loan Agreement for Non-Revolving Term Loan with Royalty Payments
Use this ready-made template to draw up a Loan Agreement for a non-revolving term loan with royalty payments.
- This is an Ontario legal document.
- The loan is a non-revolving term loan, to be advanced in a single payment.
- The loan bears no interest until default. Instead of interest, the borrower will pay a percentage of its net revenues to the lender as a royalty (exclusive of loan advances).
- All payments are applied to interest first.
Ontario Sweat Equity Agreement
Overview of Document
This downloadable Sweat Equity Agreement template is designed for Ontario businesses seeking to engage a third party who will provide services in exchange for company shares.
Service Arrangement with Independent Contractor
Under this agreement, an independent contractor is offered the opportunity to acquire shares in the company in return for the performance of specified services. No monetary fee will be paid for these services; however, the contractor will be reimbursed for any expenses that are pre-approved by the company.
Share Option and Vesting Conditions
The contractor receives an option to purchase company shares. This share option will vest only after all contracted services have been fully performed, provided the contractor remains in compliance with the terms of the agreement.
Shareholder Agreement Participation
Upon exercising the share option and purchasing the shares, the contractor agrees to become a party to the company’s shareholder agreement, thereby accepting the rights and obligations outlined therein.
Format and Jurisdiction
The template is fully editable to suit your business requirements and is intended exclusively for use in the Province of Ontario, Canada. One of our top 5 bestsellers!
