cab financial services ltd. 5774 deadpine drive kelowna, bc v1p 1a3 fax # # # - # # # - # # # # ( herein called the “ lender ” ) enertopia corp., of 950 – 1130 west pender street, vancouver bc v6e 4a4, fax # # # - # # # - # # # # ( herein called the “ company ” ) this loan agreement ( the “ loan agreement ” ) is entered into this date by and between the lender and the company for up to one year. the purpose of this loan agreement is to set out terms of the arrangement by which lender agrees to make a loan of us $ 50, 000 ( “ loan ” ) available to the company. definitions “ indebtedness ” means all loans and advances made or which may be made by the lender to the company and interest thereon and all costs, charges and expenses of or incurred by the lender in connection with any securities and in connection with any property covered by or comprised in the securities, whether in protecting, preserving, realizing or collecting any securities or property aforesaid or attempting so to do or otherwise and all other obligations and liabilities, present or future, direct or indirect, absolute or contingent, mature or not, of the company to the lender arising under or by virtue of this agreement, the securities or otherwise howsoever. “ interest ” will be at 12 %. “ principal ” means the aggregate principal amount of money loaned to the company by the lender of us $ 50, 000 dollars. “ securities ” means the securities referred to in article 3 or any renewal thereof or substitution therefore. terms of the loan the lender will lend to the company, and the company will borrow from the lender by way of one advance to be evidenced by a promissory note in the form attached hereto as schedule “ a ”, the principal sum of fifty thousand dollars ( us ) subject to the terms and conditions of this agreement and the securities. for value received, company promises to pay to lender on the first annual anniversary of the date of this loan agreement ( the “ maturity date ” ) the amount of the principal which has been advanced hereunder and remains outstanding from the date of funding. notwithstanding the above the company may repay at any time any or all of the principal then outstanding and accrued and unpaid interest on giving 20 days notice