Strategically, this partnership provides Northstar with a solid funding platform, which is exactly the outcome we hoped for from our funding process."Mr. Raphael Bohlmann, CEO and Director of Renewable U, stated, "In accordance with Renewable U's corporate mandate to create economic prosperity while helping to preserve our world for future generations, we could not be more pleased to announce this funding partnership with Northstar. The Warrants will also be subject to an acceleration clause providing for the acceleration of the expiry of the Warrants if, at any time after the date that is four (4) months plus one (1) day after such Warrants are issued, the closing price of the Common Shares on the TSXV equals or exceeds $1.25 for ten (10) consecutive trading days, in which event Northstar shall have the right to accelerate the expiry date of the Warrants to a date that is thirty (30) days after the earlier of (a) the date upon which Northstar issues a press release announcing the acceleration and (b) the date upon which Northstar delivers a written acceleration notice to the holder, whichever should occur first. Northstar and Renewable U will provide additional details with respect to each Facility's Definitive Agreements following their respective execution. In addition to the Security Financing, Renewable U has agreed to provide Northstar with up to $12 million in debt for each Facility, specifically the Empower Calgary Facility, and, as presently intended, both Empower Toronto and Empower PNW (the "Debt Financing"). Early Termination Options: Throughout the term of the Definitive Agreements, as applicable, Northstar shall have the option of acquiring Renewable U's interest(s) in a Facility at a price:(i) For Operating Facilities Northstar has developed a proprietary design process for taking discarded asphalt shingles, otherwise destined for already over-crowded landfills, and extracting the liquid asphalt for usage in new hot mix asphalt, shingle manufacturing and asphalt flat roof systems, and aggregate and fiber for usage in construction products and other industrial applications. Following the repayment of capital costs (the "Renewable U Payout"), the cash flow distribution, will be determined by the level of government funding for each facility as follows:% of Capital Costs or operating costs funded through Government Support Northstar Operating Subsidiary Renewable U Less than 20% 60 % 40 % 20% to 40% 65 % 35 % 40% to 60% 70 % 30 % Greater than 60% 75 % 25 % Operatorship: Northstar or its nominee will be the operator of each Facility and will be responsible for the construction and operation of each Facility. : Should 100% of the Distributable Cash before tax from each Facility exceed $6 million annually, or Northstar be subject to a change of control, the price will be: After Renewable U Payout, of the estimated EBITDA of the forward twelve months of operation of the Facility times ten (10), times the percentage of Renewable U Distributable Cash per Facility. : If Northstar is subject to a change of control, price will be:If a change of control of Northstar occurs during the construction of a Facility, equal to Renewable U's costs, at the date of the change in control event plus an early termination fee of $1 million (the "Early Termination Fee").If a change of control of Northstar occurs after execution of a Facility's Definitive Agreements but before Renewable U has commenced funding of such Facility, or prior to the execution of Definitive Agreements for any of the Facilities a fee equal to the Early Termination Fee.