Atlantic Canada Opportunities Agency Agence de promotion économique du Canada atlantique

		Nova Scotia Office P.O. Box 2284 Station “C” Halifax, N.S. B3J 3C8	Bureau de Ia Nouvelle-Ecosse C.P.2284 Succ "C" Halifax (N.-É.) B3J 3CB
NOV 04 2019
	Agency Copy

Project No.: 211326

Amendment #2

Metamaterial Technologies Inc.

1 Research Drive, Suite 215

Dartmouth, Nova Scotia

B2Y 4M9

Attention: Dr. George Palikaras

Dear Dr. Palikaras:

Re: Amendment Approved under the Business Development Program

As per your request, the Atlantic Canada Opportunities Agency ("the Agency") hereby agrees to the following amendment:

Add article 6.1:

6.1 The Recipient shall repay the Contribution to the Agency in accordance with Schedule 6 - Repayment Schedule.

These amounts are calculated to repay the outstanding balance of the Contribution; however, the last installment may be adjusted to include all sums owing.

All other terms and conditions of our Agreement accepted by you on March 29, 2018, and as amended thereafter, remain unchanged.

This amendment will become effective upon receipt of your written acceptance, no later than thirty (30) days from the date appearing on this letter. Please sign and date one copy of this amendment letter and return it to the above address.

	Page	1

If you have any questions pertaining to our procedures and requirements, please contact Paul Hayes the officer assigned to your project, at (800) 565-1228 or (902) 426-3174 or via e-mail at paul.hayes@canada.ca.

Yours truly,

 

Page 2

Revised Repayment Schedule Schedule 6

Client:		Metamaterial Technologies Inc.	Start Date:	2021/06/01
Account Number:		211326	End Date:	2029/05/01
Number of Repayments:		96
Total Repayable:		$3,000,000.00
Payment #	Due Date		Amount Due	Amount Paid to Date	Amount Outstanding
					$3,000,000.00
				$0.00	$3,000,000.00
1	2021/06/01		$31,250.00		$2,968,750.00
2	2021/07/01		$31,250.00		$2,937,500.00
3	2021/08/01		$31,250.00		$2,906,250.00
4	2021/09/01		$31,250.00		$2,875,000.00
5	2021/10/01		$31,250.00		$2,843,750.00
6	2021/11/01		$31,250.00		$2,812,500.00
7	2021/12/01		$31,250.00		$2,781,250.00
8	2022/01/01		$31,250.00		$2,750,000.00
9	2022/02/01		$31,250.00		$2,718,750.00
10	2022/03/01		$31,250.00		$2,687,500.00
11	2022/04/01		$31,250.00		$2,656,250.00
12	2022/05/01		$31,250.00		$2,625,000.00
13	2022/06/01		$31,250.00		$2,593,750.00
14	2022/07/01		$31,250.00		$2,562,500.00
15	2022/08/01		$31,250.00		$2,531,250.00
16	2022/09/01		$31,250.00		$2,500,750.00
17	2022/10/01		$31,250.00		$2,468,500.00
18	2022/11/01		$31,250.00		$2,437,250.00
19	2022/12/01		$31,250.00		$2,406,000.00
20	2023/01/01		$31,250.00		$2,375,000.00
21	2023/02/01		$31,250.00		$2,343,750.00
22	2023/03/01		$31,250.00		$2,312,250.00
23	2023/04/01		$31,250.00		$2,281,250.00
24	2023/05/01		$31,250.00		$2,250,000.00
25	2023/06/01		$31,250.00		$2,218,750.00
26	2023/07/01		$31,250.00		$2,187,500.00
27	2023/08/01		$31,250.00		$2,156,250.00
28	2023/09/01		$31,250.00		$2,125,000.00
29	2023/10/01		$31,250.00		$2,093,750.00
30	2023/11/01		$31,250.00		$2,062,500.00
31	2023/12/01		$31,250.00		$2,031,250.00
32	2024/01/01		$31,250.00		$2,000,000.00
33	2024/02/01		$31,250.00		$1,968,750.00
34	2024/03/01		$31,250.00		$1,937,500.00
35	2024/04/01		$31,250.00		$1,906,250,00
36	2024/05/01		$31,250.00		$1,875,000.00
37	2024/06/01		$31,250.00		$1,843,750.00
38	2024/07/01		$31,250.00		$1,812,500.00
39	2024/08/01		$31,250.00		$1,781,250.00
40	2024/09/01		$31,250.00		$1,750,000.00
41	2024/10/01		$31,250.00		$1,718,750.00

42	2024/11/01	$31,250.00	$1,687,500.00
43	2024/12/01	$31,250.00	$1,656,250 00
44	2025/01/01	$31,250.00	$1,625,000.00
45	2025/02/01	$31,250.00	$1,593,750.00
46	2025/03/01	$31,250.00	$1,562,500.00
47	2025/04/01	$31,250.00	$1,531,250.00
48	2025/05/01	$31,250.00	$1,500,000.00
49	2025/06/01	$31,250.00	$l,468,750.00
50	2025/07/01	$31,250.00	$1,437,500.00
51	2025/08/01	$31,250.00	$1,406,250.00
52	2025/09/01	$31,250.00	$1,375,000.00
53	2025/10/01	$31,250.00	$1,343,750.00
54	2025/11/01	$31,250.00	$1,312,500.00
55	2025/12/01	$31,250.00	$1,281,250.00
56	2026/01/01	$31,250.00	$1,250,000.00
57	2026/02/01	$31,250.00	$1,218,750.00
58	2026/03/01	$31,250.00	$1,187,500.00
59	2026/04/01	$31,250.00	$1,156,250.00
60	2026/05/01	$31,250.00	$1,125,000.00
61	2026/06/01	$31,250.00	$1,093,750.00
62	2026/07/01	$31,250.00	$1,062,500.00
63	2026/08/01	$31,250.00	$1,031,250.00
64	2026/09/01	$31,250.00	$1,000,000.00
65	2026/10/01	$31,250.00	$968,750.00
66	2026/11/01	$31,250.00	$937,500.00
67	2026/12/01	$31,250.00	$906,250.00
68	2027/01/01	$31,250.00	$875,000.00
69	2027/02/01	$31,250.00	$843,750.00
70	2027/03/01	$31,250.00	$812,500.00
71	2027/04/01	$31,250.00	$781,250.00
72	2027/05/01	$31,250.00	$750,000.00
73	2027/06/01	$31,250.00	$718,750.00
74	2027/07/01	$31,250.00	$687,500.00
75	2027/08/01	$31,250.00	$656,250.00
76	2027/09/01	$31,250.00	$625,000.00
77	2027/10/01	$31,250.00	$593,750.00
78	2027/11/01	$31,250.00	$562,500.00
79	2027/12/01	$31,250.00	$531,250.00
80	2028/01/01	$31,250.00	$500,000.00
81	2028/02/01	$31,250.00	$468,750.00
82	2028/03/01	$31,250.00	$437,500.00
83	2028/04/01	$31,250.00	$406,250.00
84	2028/05/01	$31,250.00	$375,000.00
85	2028/06/01	$31,250.00	$343,750.00
86	2028/07/01	$31,250.00	$312,500.00
87	2028/08/01	$31,250.00	$281,250.00
88	2028/09/01	$31,250.00	$250,000.00
89	2028/10/01	$31,250.00	$218,750.00
90	2028/11/01	$31,250.00	$187,500.00

91	2028/12/01	$31,250.00	$156,250.00
92	2029/01/01	$31,250.00	$125,000.00
93	2029/02/01	$31,250.00	$93,750.00
94	2029/03/01	$31,250.00	$62,500.00
95	2029/04/01	$31,250.00	$31,250.00
96	2029/05/01	$31,250.00	$0.00