POSTPONEMENT AND SUBORDINATION

OF SECURITY INTEREST

WHEREAS (the "Grantor") has filed the following Financing Statement(s) against (the "Debtor") at the Personal Property Registry of Alberta:

List the Grantor's Financing Statements by date and registration number

NOW THEREFORE in consideration of extending or continuing to extend credit to the Debtor, and in further consideration of the sum of One ($1.00) Dollar and other good and valuable consideration (receipt and sufficiency of which are hereby acknowledged by the Grantor), the Grantor hereby agrees to subordinate, postpone and defer all rights, claims, and security interests that it now has or may hereafter have in the Collateral of the Debtor listed in Schedule "A" hereto to the rights, claims and security interests that now has or may in the future have in the said Collateral.

THIS Postponement and Subordination of Security Interest shall enure to the benefit of and its successors and assigns, and shall be binding upon the Grantor and its successors and assigns.

THIS Postponement and Subordination of Security Agreement may be executed electronically; this Postponement and Subordination of Security Agreement may be delivered by email, facsimile or other functionally-equivalent means.

IN WITNESS WHEREOF the Grantor has executed this Agreement as of the day of , .

SIGNED in the presence of:	)
)
)
Witness:	)

SCHEDULE "A"

Insert Legal Name of Grantor

Insert Legal Name of Debtor

If another FI is the Grantor (eg. RBC) and they are subordinationg their security interest to ATB, enter Alberta Treasury Branches. If ATB is the Grantor and is subordinating its Security interest to another FI specify the other FI's full legal name. (Refer General Security Agreement - Process.)

If another FI is the Grantor (eg. RBC) and they are subordinationg their security interest to ATB, enter Alberta Treasury Branches. If ATB is the Grantor and is subordinating its Security interest to another FI specify the other FI's full legal name. (Refer General Security Agreement - Process.)

If another FI is the Grantor (eg. RBC) and they are subordinationg their security interest to ATB, enter Alberta Treasury Branches. If ATB is the Grantor and is subordinating its Security interest to another FI specify the other FI's full legal name. (Refer General Security Agreement - Process.)

If a Corporation, insert Legal Name of Corporate Grantor

If Grantor is a corporate entity, identify the position of indivividual who is authorized to sign on behalf of corporate entity. If the Grantor is an individual, specify the name of individual.

If Grantor is a corporate entity, identifythe position of indivividual who is authorized to sign on behalf of corporate entity. If the Grantor is an individual, specify the name of individual

Form 7420 (Rev. 03/16)	Page 1 of 2

7420 Form - Postponement and Subordination of Security Interest

e27536

2016-12-05

Lam, Kara

Alberta Treasury Branches