Document:

EX-4.323

   

  Exhibit 4.3.2.4

   

  Atlantic Innovation Fund

   

  Amendment No. 4

   

   

  Contract Number: 203260

   

  This Amendment made

   

  				
	BETWEEN:
	 
	ATLANTIC CANADA OPPORTUNITIES  AGENCY 

	 
	 
	 
	 

	 
	 
	 
	(hereinafter referred to as “ACOA”)

	 
	 
	 
	 

	AND: 
	 
	METAMATERIAL TECHNOLOGIES INC., a corporation duly incorporated under the laws of Canada, having its head office located at 1 Research Drive, Dartmouth, Nova Scotia, B2Y 4M9

	 
	 
	 
	 

	 
	 
	 
	(hereinafter referred to as “MTI”)

	 
	 
	 
	 

	AND:
	 
	 
	 

	 
	 
	LAMDA GUARD INC., a corporation duly incorporated under the laws of Canada, having its head office located at 1 Research Drive, Dartmouth. Nova Scotia, B2Y 4M9

	 
	 
	 
	 

	 
	 
	 
	(hereinafter referred to as 'LGI')

	 
	 
	 
	 

	 
	 
	(MTI and LGI herein collectively referred together as 'the Recipient')

   

  WHEREAS ACOA and the Proponent have entered into a contribution agreement (the “Agreement”) pursuant to the Atlantic Innovation Fund (AIF) dated March 23, 2015 and as amended

   

  WHEREAS the parties wish to amend the Agreement in order to incorporate changes to the NANOLIFT – Nanostructured Laser Interference Filter Technologies Project which have occurred during the time between commencement of the Project and the date of this Amendment Agreement.

   

   

  

   

  IN CONSIDERATION of the mutual covenants and agreements herein and subject to the terms and conditions in this Amendment Agreement, the parties agree as follows:

   

  1.(a)  DELETE:

  Schedule 2, Statement of Work, Eligible Costs, as follows:

   

  Refer to Schedule A for deletions to the Eligible Costs as shown by sections that have been denoted by a strikethrough.

   

  (b) ADD:

  Schedule 2, Statement of Work, Eligible Costs, as follows:

   

  Refer to Schedule A for additions to the Eligible Costs as shown by sections that have been denoted by a highlight.

   

  This Amendment Agreement is supplementary to the Agreement and all other terms and conditions of the Agreement will remain in full force and effect.

   

  For ease of reference, attached ns Schedule B is a consolidation of the Agreement and all of the amendments executed by the parties.

   

  This Amendment Agreement must be signed by the Proponent and received by ACOA on or before 30 days from the date of this cover letter, failing  which it will be null and void.

   

   

  

   

  IN WITNESS WHEREOF the parties hereto have executed this Amendment Agreement through duly authorized representatives.

   

   

   

   

   

  

   

  				
	 
	Atlantic Canada
Opportunities
Agency
	Agency de
promotion économique
du Canada atlantique
	 

	 
	 
	 
	 

	 
	 
	Nova Scotia Office
PO Box 2284
Station “C”
Halifax. N.S.
B3J 3C8
	Bureau de la
Nouvelle-Écosse
C.P. 2284
Succ. “C”
Halifax (N.-É.)
B3J 3C8

	 
	OCT  28 2016

   

  Contract Number 203260

  Amendment #4

   

  Metamaterial Technologies Inc. 

  1 Research Drive

  Dartmouth, Nova Scotia

  B2Y 4M9

   

  Attention: Dr. George Palikaras, CEO 

   

  Dear Dr. Palikaras:

   

  Re:  Atlantic Innovation  Fund (AIF) – NANOLI FT – Nanostructured Laser Interference Filter Technologies Project

   

  With reference to the above-noted project, please find enclosed:

   

  (1)Two original copies of Amendment #4. If you are in concurrence with this amendment, please sign both copies and return one copy to us on or before thirty days from the date of this covering letter. The other copy is for your records.

   

  (2)A consolidation copy (Schedule ‘B’) of the Agreement and this amendment. This consolidation is for working purposes only.

   

  Should you have any questions concerning this amendment, please contact me at 902-426-8676; toll-free at 1-800-565-1228 or via email at Shane.Fleming@canada.ca.

   

  Yours truly,

   

   

  Encls.EX-4.331

   

  Exhibit 4.3.3.1

   

  				
	 
	Atlantic Canada
Opportunities
Agency
	Agence de
promotion économique
du Canada atlantique
	 

   

  			
	MAY 17  2019
	Nova Scotia
Office
P.O. Box 2284
Station “C”
Halifax, N.S.
B3J 3C8
	Bureau de Ia
Nouvelle·Ecosse
Casier postal 2284
Succ. “C”
Halifax (N.-É.) 
B3J 3C8

   

  Project No.: 211326

   

  CONTRACT AMENDMENT

   

  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, effective immediately:

   

  Delete article 2.3 and replace with the following:

  2.3 The Recipient shall complete the Project on or before February 28, 2019 (hereinafter referred to as “the Project Completion Date”).

   

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

   

  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,

   

   

   

   

  

   

  			
	Revised Repayment Schedule
	Schedule 6
	 

   

   

  						
	Client:
	 
	Metamaterial Technologies Inc.
	Start Date:
	2020/0I/01
	 

	Account  Number:
	211326
	End Date:
	2027/12/01
	 

	Number of Repayments:
	96
	 
	 
	 

	Total  Repayable:
	S3.000.000.00
	 
	 
	 

	Payment #
	Due Date
	 
	Amount Due
	Amount Paid to Date
	Amount Outstanding

	 
	 
	 
	 
	 
	$3,000,000.00

	 
	 
	 
	 
	$0.00
	$3,000,000.00

	1
	2020/01/01
	 
	$31,250.00
	 
	$2,968,750.00

	2
	2020/02/01
	 
	$31,250.00
	 
	$2,937,500.00

	3
	2020/03/01
	 
	$31,250.00
	 
	$2,906,250.00

	4
	2020/04/01
	 
	$31,250.00
	 
	$2,875,000.00

	5
	2020/05/01
	 
	$31,250.00
	 
	$2,843,750.00

	6
	2020/06/01
	 
	$31,250.00
	 
	$2,812,500.00

	7
	2020/07/01
	 
	$31,250.00
	 
	$2,781,250.00

	8
	2020/08/01
	 
	$31,250.00
	 
	$2,750,000.00

	9
	2020/09/01
	 
	$31,250.00
	 
	$2,718,750.00

	10
	2020/10/01
	 
	$31,250.00
	 
	$2,687,500.00

	11
	2020/11/01
	 
	$31,250.00
	 
	$2,656,250.00

	12
	2020/12/01
	 
	$31,250.00
	 
	$2,625,000.00

	13
	2021/01/01
	 
	$31,250.00
	 
	$2,593,750.00

	14
	2021/02/01
	 
	$31,250.00
	 
	$2,562,500.00

	15
	2021/03/01
	 
	$31,250.00
	 
	$2,531,250.00

	16
	2021/04/01
	 
	$31,250.00
	 
	$2,500,000.00

	17
	2021/05/01
	 
	$31,250.00
	 
	$2,468,750.00

	18
	2021/06/01
	 
	$31,250.00
	 
	$2,437,500.00

	19
	2021/07/01
	 
	$31,250.00
	 
	$2,406,250.00

	20
	2021/08/01
	 
	$31,250.00
	 
	$2,375,000.00

	21
	2021/09/01
	 
	$31,250.00
	 
	$2,343,750.00

	22
	2021/10/01
	 
	$31,250.00
	 
	$2,312,500.00

	23
	2021/11/01
	 
	$31,250.00
	 
	$2,281,250.00

	24
	2021/12/01
	 
	$31,250.00
	 
	$2,250,000.00

	25
	2022/01/01
	 
	$31,250.00
	 
	$2,218,750.00

	26
	2022/02/01
	 
	$31,250.00
	 
	$2,187,500.00

	27
	2022/03/01
	 
	$31,250.00
	 
	$2,156,250.00

	28
	2022/04/01
	 
	$31,250.00
	 
	$2,125,000.00

	29
	2022/05/01
	 
	$31,250.00
	 
	$2,093,750.00

	30
	2022/06/01
	 
	$31,250.00
	 
	$2,062,500.00

	31
	2022/07/01
	 
	$31,250.00
	 
	$2,031,250.00

	32
	2022/08/01
	 
	$31,250.00
	 
	$2,000,000.00

	33
	2022/09/01
	 
	$31,250.00
	 
	$1,968,750.00

	34
	2022/10/01
	 
	$31,250.00
	 
	$1,937,500.00

	35
	2022/11/01
	 
	$31,250.00
	 
	$1,906,250,00

	36
	2022/12/01
	 
	$31,250.00
	 
	$1,875,000.00

	37
	2023/01/01
	 
	$31,250.00
	 
	$1,843,750.00

	38
	2023/02/01
	 
	$31,250.00
	 
	$1,812,500.00

	39
	2023/03/01
	 
	$31,250.00
	 
	$1,781,250.00

	40
	2023/04/01
	 
	$31,250.00
	 
	$1,750,000.00

	41
	2023/05/01
	 
	$31,250.00
	 
	$1,718,750.00

   

   

  

   

  			
	Revised Repayment Schedule
	Schedule 6
	 

   

  						
	42
	2023/06/01
	 
	$31,250.00
	 
	$1,687,500.00

	43
	2023/07/01
	 
	$31,250.00
	 
	$1,656,250 00

	44
	2023/08/01
	 
	$31,250.00
	 
	$1,625,000.00

	45
	2023/09/01
	 
	$31,250.00
	 
	$1,593,750.00

	46
	2023/10/01
	 
	$31,250.00
	 
	$1,562,500.00

	47
	2023/11/01
	 
	$31,250.00
	 
	$1,531,250.00

	48
	2023/12/01
	 
	$31,250.00
	 
	$1,500,000.00

	49
	2024/01/01
	 
	$31,250.00
	 
	$l,468,750.00

	50
	2024/02/01
	 
	$31,250.00
	 
	$1,437,500.00

	51
	2024/03/01
	 
	$31,250.00
	 
	$1,406,250.00

	52
	2024/04/01
	 
	$31,250.00
	 
	$1,375,000.00

	53
	2024/05/01
	 
	$31,250.00
	 
	$1,343,750.00

	54
	2024/06/01
	 
	$31,250.00
	 
	$1,312,500.00

	55
	2024/07/01
	 
	$31,250.00
	 
	$1,281,250.00

	56
	2024/08/01
	 
	$31,250.00
	 
	$1,250,000.00

	57
	2024/09/01
	 
	$31,250.00
	 
	$1,218,750.00

	58
	2024/10/01
	 
	$31,250.00
	 
	$1,187,500.00

	59
	2024/11/01
	 
	$31,250.00
	 
	$1,156,250.00

	60
	2024/12/01
	 
	$31,250.00
	 
	$1,125,000.00

	61
	2025/01/01
	 
	$31,250.00
	 
	$1,093,750.00

	62
	2025/02/01
	 
	$31,250.00
	 
	$1,062,500.00

	63
	2025/03/01
	 
	$31,250.00
	 
	$1,031,250.00

	64
	2025/04/01
	 
	$31,250.00
	 
	$1,000,000.00

	65
	2025/05/01
	 
	$31,250.00
	 
	$968,750.00

	66
	2025/06/01
	 
	$31,250.00
	 
	$937,500.00

	67
	2025/07/01
	 
	$31,250.00
	 
	$906,250.00

	68
	2025/08/01
	 
	$31,250.00
	 
	$875,000.00

	69
	2025/09/01
	 
	$31,250.00
	 
	$843,750.00

	70
	2025/10/01
	 
	$31,250.00
	 
	$812,500.00

	71
	2025/11/01
	 
	$31,250.00
	 
	$781,250.00

	72
	2025/12/01
	 
	$31,250.00
	 
	$750,000.00

	73
	2026/01/01
	 
	$31,250.00
	 
	$718,750.00

	74
	2026/02/01
	 
	$31,250.00
	 
	$687,500.00

	75
	2026/03/01
	 
	$31,250.00
	 
	$656,250.00

	76
	2026/04/01
	 
	$31,250.00
	 
	$625,000.00

	77
	2026/05/01
	 
	$31,250.00
	 
	$593,750.00

	78
	2026/06/01
	 
	$31,250.00
	 
	$562,500.00

	79
	2026/07/01
	 
	$31,250.00
	 
	$531,250.00

	80
	2026/08/01
	 
	$31,250.00
	 
	$500,000.00

	81
	2026/09/01
	 
	$31,250.00
	 
	$468,750.00

	82
	2026/10/01
	 
	$31,250.00
	 
	$437,500.00

	83
	2026/11/01
	 
	$31,250.00
	 
	$406,250.00

	84
	2026/12/01
	 
	$31,250.00
	 
	$375,000.00

	85
	2027/01/01
	 
	$31,250.00
	 
	$343,750.00

	86
	2027/02/01
	 
	$31,250.00
	 
	$312,500.00

	87
	2027/03/01
	 
	$31,250.00
	 
	$281,250.00

	88
	2027/04/01
	 
	$31,250.00
	 
	$250,000.00

	89
	2027/05/01
	 
	$31,250.00
	 
	$218,750.00

	90
	2027/06/01
	 
	$31,250.00
	 
	$187,500.00

   

   

  

   

  			
	Revised Repayment Schedule
	Schedule 6
	 

   

  						
	91
	2027/07/01
	 
	$31,250.00
	 
	$156,250.00

	92
	2027/08/01
	 
	$31,250.00
	 
	$125,000.00

	93
	2027/09/01
	 
	$31,250.00
	 
	$93,750.00

	94
	2027/10/01
	 
	$31,250.00
	 
	$62,500.00

	95
	2027/11/01
	 
	$31,250.00
	 
	$31,250.00

	96
	2027/12/01
	 
	$31,250.00
	 
	$0.00

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