Exhibit 10.87

LOAN AGREEMENT
 
(Addendum No. 4)
 

WHEREAS:
 
 
·     
This addendum serves to update the Loan Agreement (attached as Exhibit 10.1 to
the Form 10-K/A-2 Coronus Solar Inc. filed with the SEC on December 10, 2010)
between Jefferson Thachuk (the “Lender”) and Coronus Solar Inc. (the
“Borrower”), and subsequently updated by Addendum No. 1, dated June 20, 2011
(attached as Exhibit 10.35 to the Form 10-K Coronus Solar Inc. filed with the
SEC on June 27, 2011), by Addendum No. 2, dated October 26, 2011 (attached as
Exhibit 10.44 to the Form 10-Q Coronus Solar Inc. filed with the SEC on November
14, 2011), and by Addendum No. 3, dated February 8, 2012 (attached as Exhibit
10.46 to the Form 10-Q Coronus Solar Inc. filed with the SEC on February 15,
2012).

 
 
·     
This addendum is current as of April 18, 2012.

 
 
·     
A detailed chronology of the Loans, subsequent to December 29, 2011  is attached
to this addendum as Exhibit A.

 
 
·     
As at March 31, 2012, the principal amount of the Loans totaled CAD $218,500,
plus USD $6,600.

 
 
·     
As at April 18, 2012, the principal amount of the Loans totaled CAD $218,500,
plus USD $6,600.

 
 
RESOLVED:
 
This addendum fairly and accurately characterizes the subsequent loan activity
between the Lender and the Borrower.
 

 

 

 
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DATED:  this 18th day of April, 2012.
 

 

 
Jefferson Thachuk
 
David Holmes
Jefferson Thachuk
 
David Holmes
Lender
 
Coronus Solar Inc., Director
                             
Kenneth Bogas
   
Kenneth Bogas
   
Coronus Solar Inc., Director
   

 

 

 

 

 

 

 

 
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EXHIBIT A
 
Loans from Shareholder - Jeff Thachuk
As at April 18, 2012
   
CAD
 
USD
Date
Source
Principal
 
Principal
         
29-Dec-11
Opening Balance
225,850
 
6,600
11-Jan-12
Deposit
1,000
 
-
30-Jan-12
Deposit
1,000
   
23-Feb-12
Repayment
(12,800)
   
2-Mar-12
Deposit
7,500
   
30-Mar-12
Repayment
(4,000)
             
 Total
 
CAD         218,500
 
USD             6,600

 

 

 

 

 

 

 

 

 

 

 
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