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Allan Herbert Dolson

c/o 701 Evans Avenue, Suite 712


Etobicoke, ON
M9C 1A3
October 19, 2011

Ms. Eva Plesko


1224 Grosvenor St.
Oakville, ON
L6H 2K2

Dear Ms. Plesko,

re: ALLAN H. DOLSON Second Mortgage Loan to EVA PLESKO


1224 Grosvenor St., Oakville, ON
Lot 176, Plan 995, Oakville (the Property)
Scheduled Closing Date: October 21, 2011

I am pleased to confirm that Allan Herbert Dolson, ( the Lender) is prepared to lend a
maximum of a maximum of $33,330.00 to EVA PLESKO ( the Borrower) to be secured by
way of a second mortgage, (this loan being hereafter referred to as the Loan), on the terms and
conditions described below:

1. Borrower: EVA PLESKO

2. Security: a second mortgage in the Lenders form on the Property

3. Loan Amount: $21,500.00, or 85% loan to value;

4. Advance Date: Friday, October 21,2011 subject to Borrower meeting


conditions of advance

5. Interest Rate: fifteen (15%) per cent per annum, calculated monthly not in
advance, both before and after maturity, default, and
judgment.

6. Fees: 3% - $645.00 lender fees to be deducted from advance

7. Payments: Interest only monthly of $268.75. 12 postdated cheques to


be provided on Closing to Allan Dolson.

8. Maturity: October 21, 2012 - one year term

9. Pre-payment
Privileges: Open for prepayment in full at any time only upon
payment of three (3) months penalty.

10. NSF CHARGES: $250.00 for each

11. SERVICING FEE: $400.00 for any tax payment, first or second mortgage
payment, or insurance payment made by the Lender;

12. ADMINISTRATION FEE: $800.00 for any action or proceeding commenced


by Lender;

13. OVERDUE MATURITY: Penalty payable equal to three months interest if not
paid on maturity.

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14. Conditions: The Lender shall not be required to advance funds until all
of the following requirements have been met:

a. Execution, delivery and registration of the Second Mortgage; PROPER


IDENTIFICATION FOR MORTGAGOR;

b. All property taxes have been paid to date; ANY OUTSTANDING


TAXES TO BE PAID FROM ADVANCE;

c. The Lender being noted as second mortgagee on the title insurance policy;

d. Lender to be noted as second mortgagee on insurance policy;

e. Prior encumbrances to be only a new first mortgage to Home Trust


Company for $344,000.00 for a one year term at an interest rate of
4.99%.

f. Lender has reviewed and accepts appraisal dated October 7, 2011 by


Gflenn Fletcher indicating a value of $430,000

15. Covenants: Until the Borrower has paid the Loan, the Borrower agrees
to the following:

a. To pay all real estate taxes, prior mortgage payments, common expenses
and insurance relating to the Property as they fall due;

b. No further encumbrances;

c. To pay the first mortgage in accordance with its terms and not to amend
the first mortgage.

d. Property to be owner occupied with no tenants, boarders, or occupants


other than the Borrowers immediate family. Declaration to be provided
on closing.

16. Default: The Lender may declare the unpaid principal and accrued
interest and all other amounts payable by the Borrower due
and payable forthwith upon the happening of any one of the
following events of default:

a. The Borrower fails to pay interest or principal or any other sum due
hereunder on the due date whether demanded or not;

b. Any of the terms or covenants in this commitment are breached by the


Borrower;

c. The Borrower is in default of any of the terms of any of the Mortgage;

d. The Borrower creates any secondary financing or transfers, or attempts to


transfer or sell the Property;

e. There is a default under any prior encumbrance on the Property;

f. The Borrower defaults in payment of insurance or taxes;

17. No Merger: It is understood and agreed that the execution and delivery
of the Security shall in no way merge or extinguish this

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commitment letter which shall continue in full force and
effect.

18. Solicitors: The Solicitors acting for the Lender at the expense of the
Borrower in this transaction shall be David W. Dolson.
Mr. Dolson acts solely for the Lender. Borrower must
retain their own solicitor. Documents must be executed
at your lawyers office.

19. Time of Essence: Time shall be of the essence in all respects.

20. Use of Funds: The Borrower represents and warrants that she is not a
farmer within the meaning of the Farm Debt Mediation
Act. Funds will be applied to discharge the existing
mortgages and to allow Borrower to complete minor
renovations of the Property.

21. Costs: The Borrower shall pay all of the Lenders legal costs of
this transaction failing which they shall be added to and
form part of the secured principal and in the event of any
default the Borrower shall pay the Lenders costs and
expenses including reasonable legal fees on a solicitor and
own client basis. The fees (excluding disbursements and
HST) will be $700.00 second mortgage.

22. Title Insurance: The Mortgage shall be title insured at the expense of the
borrower.

23. Validity Every term of this Loan Agreement shall be severable and
if any provision is held to any extent invalid or
unenforceable, the remainder of this Charge, other than the
provision which is held invalid or unenforceable, shall not
be effected and such invalid or unenforceable provision
shall be reduced only to the extent necessary for it to be
enforceable and valid.

24. Brokerage This Loan has been arranged by Daniel Stein of Syndicate
Mortgages. The Lender authorizes David W. Dolson to rely
upon the Form 1, Investor Disclosure, and waives
preparation or delivery of Forms 9D and 9E. The
Borrower hereby irrevocably authorizes and directs the
solicitor David W. Dolson to pay brokerage fees of
$645.00 from the advance.

You are urged to obtain independent legal representation. David W. Dolson is acting solely
as solicitor for the Lender only at the Borrowers expense and may be retained in any
enforcement proceedings. He is not providing any advice or representation of any kind to the
Borrower.

Please sign below to accept this commitment.

Yours truly,

Allan H. Dolson

I hereby accept the commitment on the terms and conditions stated which I have read and
understood. I acknowledge that I have been encouraged to obtain independent legal advice prior

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to the execution of this commitment and I have either obtained that advice or have made the
conscious decision to forego such advice and acknowledge that I will be estopped from raising
the lack of advice as a defence in any enforcement proceedings. I agree that the lenders fees
shall be earned and payable on acceptance of this commitment whether or not this transaction is
completed for any reason other than the default of the Lender.

Dated at Oakville, this day of October, 2011

_______________________________
EVA PLESKO

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