Loan Contract Template 3Loan Contract Template 3Loan Contract Template 3
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September 30, 2008

LOAN AGREEMENT

THIS AGREEMENT made the 30th day of September, 2008

B E T W E E N:
COX & CO., a corporation incorporated under the
laws of the Province of Ontario
(the “Lender”)
- and BASKERVILLE INVESTMENTS INC., a
corporation incorporated under the laws of the
Province of Ontario
(the “Borrower”)
- and HENRY BASKERVILLE, of the City of Toronto
(“Henry”)

WHEREAS the parties have agreed that, upon and subject to the terms and conditions
contained herein, the Lender will advance by way of loan to the Borrower, and the Borrower
will borrow, the sum of $100,000.00;
NOW THEREFORE THIS AGREEMENT WITNESSES that, in consideration of
the mutual covenants and agreements contained herein and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged by each of the
parties hereto, the parties hereto hereby covenant and agree as follows:

ARTICLE 1 - INTERPRETATION
1.1
Definition. In this Loan Agreement, unless the context otherwise re