| Atlantic Canada Opportunities Agency | Agence de promotion économique du Canada atlantique |
|
P.O. Box 2284, Station Central
Halifax, Nova Scotia
B3J 3C8
Project Number: 200804
November 25, 2020
Metamaterial Technologies Inc.
1 Research Drive, Suite 215
Dartmouth, Nova Scotia
B2Y 4M9
Attention: Dr. George Palikaras
Dear Dr. Palikaras:
Re: Revised Repayment Schedule in effect as of January 1, 2021
On April 1, 2020, the Atlantic Canada Opportunities Agency, along with all other regional development agencies, applied a deferral on all payments due as part of the Government of Canada’s response to the COVID-19 outbreak. This deferral of payments and related interest charges (if applicable) was implemented to relieve some of the financial pressures your business might have been experiencing.
As this payment deferral period is ending December 31, 2020, I am attaching your revised Repayment Schedule, which comes into effect on January 1, 2021. All other terms and conditions of our Agreement, accepted by you on August 30, 2012 and as amended thereafter if such is the case, remain unchanged.
However, ACOA recognizes that certain sectors and businesses may continue to face economic hardship. Therefore, if you have any concerns about your ability to resume payments or any other questions pertaining to our procedures, please do not hesitate to contact Paul Hayes at (800) 565-1228 or (902) 426-3174 or via e-mail at paul.hayes@canada.ca.
Paul Hayes will be more than happy to discuss your situation and go over the options available to you. We will work with you to find a solution that works best as we navigate through this exceptional situation together. Should any additional deferral periods be granted, you will be informed of such.
Yours truly,
Bill Grandy
Director General, Programs
Atlantic Canada Opportunities Agency
Attachment:
- Repayment Schedule
Page | 2
Revised Repayment Schedule
Client: | Metamaterial Technologies Inc. |
Account Number: | 200804 |
Number of Repayments: | 84 |
Start Date | 2015/10/01 |
End Date: | 2023/06/01 |
Total Repayable: | $500,000.00 |
Payment # | Amount Due | Due Date | Amount Paid to Date $321408.00 | Amount Outstanding $178,592.00 |
55 | $5,952.00 | 2021/01/01 |
| $172,640.00 |
56 | $5,952.00 | 2021/02/01 |
| $166,688.00 |
57 | $5,952.00 | 2021/03/01 |
| $160,736.00 |
58 | $5,952.00 | 2021/04/01 |
| $154,784.00 |
59 | $5,952.00 | 2021/05/01 |
| $148,832.00 |
60 | $5,952.00 | 2021/06/01 |
| $142,880.00 |
61 | $5,952.00 | 2021/07/01 |
| $136,928.00 |
62 | $5,952.00 | 2021/08/01 |
| $130,976.00 |
63 | $5,952.00 | 2021/09/01 |
| $125,024.00 |
64 | $5,952.00 | 2021/10/01 |
| $119,072.00 |
65 | $5,952.00 | 2021/11/01 |
| $113,120.00 |
66 | $5,952.00 | 2021/12/01 |
| $107,168.00 |
67 | $5,952.00 | 2022/01/01 |
| $101,216.00 |
68 | $5,952.00 | 2022/02/01 |
| $95,264.00 |
69 | $5,952.00 | 2022/03/01 |
| $89,312.00 |
70 | $5,952.00 | 2022/04/01 |
| $83,360.00 |
71 | $5,952.00 | 2022/05/01 |
| $77,408.00 |
72 | $5,952.00 | 2022/06/01 |
| $71,456.00 |
73 | $5,952.00 | 2022/07/01 |
| $65,504.00 |
74 | $5,952.00 | 2022/08/01 |
| $59,552.00 |
75 | $5,952.00 | 2022/09/01 |
| $53,600.00 |
76 | $5,952.00 | 2022/10/01 |
| $47,648.00 |
77 | $5,952.00 | 2022/11/01 |
| $41,696.00 |
78 | $5,952.00 | 2022/12/01 |
| $35,744.00 |
79 | $5,952.00 | 2023/01/01 |
| $29,792.00 |
80 | $5,952.00 | 2023/02/01 |
| $23,840.00 |
81 | $5,952.00 | 2023/03/01 |
| $17,888.00 |
82 | $5,952.00 | 2023/04/01 |
| $11,936.00 |
83 | $5,952.00 | 2023/05/01 |
| $5,984.00 |
84 | $5,984.00 | 2023/06/01 |
| $0.00 |
Page | 3