Item - 2026.TA15.6

The Board of Directors of the Toronto Atmospheric Fund:   

1. Approved an amendment to the existing 2025 Credit Agreement governing its $4.5 million revolving working-capital facility with the Company, to accommodate bridge financing of ElectricVehicle ChargeON Round 2 receivables (the Programme), representing Ontario Government financing of up to half of the cost of each of the 45 sites awarded to the Company under the Programme, subject to the following conditions:

a. the amendment to be on substantially the same terms as the existing facility, except as required to reflect the Programme, including:

i. extension of the advance period;

ii. updates to the advance mechanics to reflect the Round 2 Programme structure and eligible site-level funding parameters; and,

iii. inclusion of a right for Toronto Atmospheric Fund to substitute financed projects where an originally funded site is withdrawn, delayed, or otherwise no longer eligible, 

b. the existing security package to remain in place, subject to such amendments as may be necessary to give effect to the foregoing, and,

c. satisfactory review of all legal documentation by Toronto Atmospheric Fund's legal counsel, as determined by the Vice President, Impact Investing and the Chief Executive Officer.

2. Directed that the confidential information contained in Confidential Attachment 1 to the report (June 26, 2026) from the Vice President, Impact Investing, remain confidential in its entirety, as it contains commercial and financial information details supplied in confidence to the Toronto Atmospheric Fund, which, if disclosed, could reasonably be expected to prejudice significantly the competitive position or interfere significantly with the contractual or other negotiations of a person, group of persons, or organization.

The Direct Investment Committee recommends amending Toronto Atmospheric Fund's bridge financing facility with the Company, a provider of integrated electric vehicle fast-charging and battery energy storage solutions, to extend the facility to accommodate newly awarded grants backed by the provincial governments electric vehicle ChargeON Program.