Assignment by an Assignor of a debt owed by a Borrower (in the form of a shareholder's loan) in favour of a new Lender to the Borrower as collateral security for a Guaranty given by the Assignor to the Lender of the new loan.

This agreement allows for the assignor to continue charging interest on the shareholder loan.

This form includes special formatting features to assist you in completing the agreement.

This form can be used in the following provinces: Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland and Labrador, Northwest Territories, Nova Scotia, Nunavut, Ontario, Prince Edward Island, Saskatchewan and Yukon.