<SEC-DOCUMENT>0001011438-21-000115.txt : 20210216
<SEC-HEADER>0001011438-21-000115.hdr.sgml : 20210216
<ACCEPTANCE-DATETIME>20210216153013
ACCESSION NUMBER:		0001011438-21-000115
CONFORMED SUBMISSION TYPE:	SC 13G/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210216
DATE AS OF CHANGE:		20210216
GROUP MEMBERS:		DEREK C. SCHRIER
GROUP MEMBERS:		IC GP, LLC

SUBJECT COMPANY:	

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			MDC PARTNERS INC
		CENTRAL INDEX KEY:			0000876883
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-ADVERTISING AGENCIES [7311]
		IRS NUMBER:				980364441
		STATE OF INCORPORATION:			A6
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-53561
		FILM NUMBER:		21637131

	BUSINESS ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007
		BUSINESS PHONE:		646 429 1800

	MAIL ADDRESS:	
		STREET 1:		ONE WORLD TRADE CENTER, FLOOR 65
		CITY:			NEW YORK
		STATE:			NY
		ZIP:			10007

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC CORP INC
		DATE OF NAME CHANGE:	20001204

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC COMMUNICATIONS CORP
		DATE OF NAME CHANGE:	19961028

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	MDC CORPORATION
		DATE OF NAME CHANGE:	19950419

FILED BY:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Indaba Capital Management, L.P.
		CENTRAL INDEX KEY:			0001524362
		IRS NUMBER:				271639439
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13G/A

	BUSINESS ADDRESS:	
		STREET 1:		ONE LETTERMAN DRIVE
		STREET 2:		BUILDING D, SUITE DM700
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94129
		BUSINESS PHONE:		(415) 680-1180

	MAIL ADDRESS:	
		STREET 1:		ONE LETTERMAN DRIVE
		STREET 2:		BUILDING D, SUITE DM700
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94129

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Indaba Capital Management, LLC
		DATE OF NAME CHANGE:	20110627
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13G/A
<SEQUENCE>1
<FILENAME>form_sc13ga-mdc.htm
<TEXT>
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    <div style="text-align: center; font-size: 12pt; font-weight: bold;">UNITED STATES</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Washington, D.C. 20549</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">SCHEDULE 13G</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">Under the Securities Exchange Act of 1934</div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;">(Amendment No. 3)*</div>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"><u>MDC Partners Inc.</u></div>
    <div style="text-align: center; font-size: 12pt;">(Name of Issuer)</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><u>Class A Subordinate Voting Shares</u></div>
    <div style="text-align: center; font-size: 12pt;">&#160;(Title of Class Securities)</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: center; font-size: 12pt;"><u>552697104</u></div>
    <div style="text-align: center; font-size: 12pt;">(CUSIP Number)</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="text-align: center; font-size: 12pt;">&#160;</div>
    <div style="text-align: center; font-size: 12pt;"><u>December 31, 2020</u></div>
    <div style="text-align: center; font-size: 12pt;">(Date of Event Which Requires Filing of this Statement)</div>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="font-size: 12pt;">Check the appropriate box to designate the rule pursuant to which this Schedule is filed:</div>
    <div style="font-size: 12pt;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#9746;</div>
          </td>
          <td style="width: 54%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Rule 13d-1(b)</div>
          </td>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#9744;</div>
          </td>
          <td style="width: 54%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Rule 13d-1(c)</div>
          </td>
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          <td style="width: 41%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#9744;</div>
          </td>
          <td style="width: 54%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Rule 13d-1(d)</div>
          </td>
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    </table>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="font-size: 12pt;">*The remainder of this cover page shall be filled out for a reporting person&#8217;s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which
      would alter the disclosure provided in a prior cover page.</div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="font-size: 12pt;">The information required in the remainder of this cover page shall not be deemed to be &#8220;filed&#8221; for the purpose of Section 18 of the Securities Exchange Act of 1934 (&#8220;Act&#8221;) or otherwise subject to the liabilities of that
      section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).</div>
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          <td style="width: 32.48%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">CUSIP No. 552697104</div>
          </td>
          <td style="width: 33.78%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">SCHEDULE 13G</div>
          </td>
          <td style="width: 33.74%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.06%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="3" style="width: 68.39%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">1</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">NAME OF REPORTING PERSONS.</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Indaba Capital Management, L.P.</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
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          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">2</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">Check the Appropriate Box if a Member of a Group (See Instructions)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">(a) [&#160;&#160;&#160;]</div>
            <div style="font-size: 12pt;">(b) [X]</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">3</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">SEC Use Only <br>
            </div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">4</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">Citizenship or Place of Organization</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Delaware</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 28.56%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">NUMBER OF SHARES BENEFICIALLY</div>
            <div style="text-align: center; font-size: 12pt;">OWNED BY EACH REPORTING</div>
            <div style="text-align: center; font-size: 12pt;">PERSON WITH</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
          </td>
          <td colspan="2" style="width: 11.82%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">5</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Sole Voting Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">0</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 16.76%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">6</div>
          </td>
          <td style="width: 8.76%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Shared Voting Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">7</div>
          </td>
          <td style="width: 8.76%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Sole Dispositive Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">0</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">8</div>
          </td>
          <td style="width: 8.76%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Shared Dispositive Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">10</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [&#160; ] <br>
            </div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
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          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">11</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Percent of Class Represented by Amount in Row (9)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">12.8% (1)</div>
          </td>
        </tr>
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          <td style="width: 13.26%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">12</div>
          </td>
          <td colspan="5" style="width: 86.74%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Type of Reporting Person (See Instructions)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">IA, PN</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 15.3%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.06%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="3" style="width: 68.39%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 12pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zd639745a1f064d5baf4b131f056570ea">

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          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif;">(1)&#160;&#160;</div>
          </td>
          <td style="width: 92.3%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Calculation of the foregoing percentage is based on 73,528,105 Class A Subordinate Voting Shares of MDC Partners Inc. (the &#8220;Issuer&#8221;) outstanding as of October 23, 2020, as disclosed in
              the Issuer&#8217;s Form 10-Q filed with the Securities and Exchange Commission (&#8220;SEC&#8221;) on October 29, 2020.</div>
          </td>
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          <td style="width: 32.48%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">CUSIP No. 552697104</div>
          </td>
          <td style="width: 33.78%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">SCHEDULE 13G</div>
          </td>
          <td style="width: 33.74%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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    <div style="font-size: 12pt;"><br>
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          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">1</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">NAME OF REPORTING PERSONS.</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">IC GP, LLC</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">2</div>
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          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">Check the Appropriate Box if a Member of a Group (See Instructions)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">(a) [&#160;&#160; ]</div>
            <div style="font-size: 12pt;">(b) [X]</div>
            <div style="font-size: 12pt;">&#160;</div>
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        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">3</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">SEC Use Only</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">4</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">Citizenship or Place of Organization</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Delaware</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 28.57%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">NUMBER OF SHARES BENEFICIALLY</div>
            <div style="text-align: center; font-size: 12pt;">OWNED BY EACH REPORTING</div>
            <div style="text-align: center; font-size: 12pt;">PERSON WITH</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
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          <td colspan="2" style="width: 9.89%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">5</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Sole Voting Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">0</div>
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          <td style="width: 18.68%; vertical-align: top; font-size: 12pt;">&#160;</td>
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        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">6</div>
          </td>
          <td style="width: 6.84%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Shared Voting Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
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          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
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        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">7</div>
          </td>
          <td style="width: 6.84%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Sole Dispositive Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">0</div>
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          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">8</div>
          </td>
          <td style="width: 6.84%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Shared Dispositive Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
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          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">10</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [&#160; ] <br>
            </div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">11</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;Percent of Class Represented by Amount in Row (9)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">12.8% (1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">12</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">&#160;Type of Reporting Person (See Instructions)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">OO, HC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 15.3%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.06%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="3" style="width: 68.38%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 12pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="zf7eb205a22214393b969129895e298b6">

        <tr>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif;">(1)&#160;&#160;</div>
          </td>
          <td style="width: 92.3%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Calculation of the foregoing percentage is based on 73,528,105 Class A Subordinate Voting Shares of the Issuer outstanding as of October 23, 2020, as disclosed in the Issuer&#8217;s Form 10-Q
              filed with the SEC on October 29, 2020.</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
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    <div style="font-size: 12pt;"><br>
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    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z783b54cc858146f68be194220e90d5ed">

        <tr>
          <td style="width: 32.48%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">CUSIP No. 552697104</div>
          </td>
          <td style="width: 33.78%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: center; font-family: 'Times New Roman',Times,serif;">SCHEDULE 13G</div>
          </td>
          <td style="width: 33.74%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 32.48%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 33.78%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 33.74%; vertical-align: top; border-bottom: 4px double rgb(0, 0, 0); font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="font-size: 12pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="za9ebcd0ce8cf4162929d1be96e77f412">

        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">1</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">NAME OF REPORTING PERSONS.</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Derek C. Schrier</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">2</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">Check the Appropriate Box if a Member of a Group (See Instructions)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">(a) [&#160;&#160;&#160;]</div>
            <div style="font-size: 12pt;">(b) [X]</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">3</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">SEC Use Only <br>
            </div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">4</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">Citizenship or Place of Organization</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">United States</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" rowspan="4" style="width: 28.57%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">NUMBER OF SHARES BENEFICIALLY</div>
            <div style="text-align: center; font-size: 12pt;">OWNED BY EACH REPORTING</div>
            <div style="text-align: center; font-size: 12pt;">PERSON WITH</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
            <div style="text-align: center; font-size: 12pt;">&#160;</div>
          </td>
          <td colspan="2" style="width: 9.89%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">5</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Sole Voting Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">0</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 18.68%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">6</div>
          </td>
          <td style="width: 6.84%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Shared Voting Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">7</div>
          </td>
          <td style="width: 6.84%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Sole Dispositive Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">0</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td colspan="2" style="width: 18.35%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">8</div>
          </td>
          <td style="width: 6.84%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Shared Dispositive Power</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 42.86%; vertical-align: top; font-size: 12pt;">&#160;</td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Aggregate Amount Beneficially Owned by Each Reporting Person</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">9,377,399</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">10</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [&#160; ] <br>
            </div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">11</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Percent of Class Represented by Amount in Row (9)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">12.8% (1)</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">12</div>
          </td>
          <td colspan="5" style="width: 86.73%; vertical-align: top; border-bottom: #000000 4px double;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">Type of Reporting Person (See Instructions)</div>
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">IN, HC</div>
          </td>
        </tr>
        <tr>
          <td style="width: 13.27%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 15.3%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.06%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="3" style="width: 68.38%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 12pt;"><br>
    </div>
    <table cellspacing="0" cellpadding="0" style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; width: 100%; text-align: left; color: #000000;" id="z6d81bcfedcdf45209a357a74e2815768">

        <tr>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="text-align: right; font-family: 'Times New Roman',Times,serif;">(1)&#160;&#160;</div>
          </td>
          <td style="width: 92.3%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Calculation of the foregoing percentage is based on 73,528,105 Class A Subordinate Voting Shares of the Issuer outstanding as of October 23, 2020, as disclosed in the Issuer&#8217;s Form 10-Q
              filed with the SEC on October 29, 2020.</div>
          </td>
        </tr>

    </table>
    <div style="font-size: 12pt;">&#160;</div>
    <div style="clear: both; margin-top: 10pt; margin-bottom: 10pt;" id="DSPFPageBreakArea">
      <div style="page-break-after:always;" id="DSPFPageBreak">
        <hr noshade="noshade" style="margin: 4px 0px; width: 100%; border-width: 0; height: 2px; color: #000000; background-color: #000000; clear: both;"></div>
    </div>
    <div style="text-align: center; font-size: 12pt; font-weight: bold;"><u>Amendment No. 3 to Schedule 13G</u></div>
    <div style="font-size: 12pt;"><br>
    </div>
    <div style="font-size: 12pt; font-weight: bold;">&#160;Item 1.</div>
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        <tr>
          <td style="width: 6.31%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.31%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 27.84%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 10.12%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.32%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.32%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.57%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 30.36%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td style="width: 6.31%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.31%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(a)</div>
          </td>
          <td style="width: 27.84%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Name of Issuer</div>
          </td>
          <td colspan="6" style="width: 29.17%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 30.36%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td colspan="2" style="width: 12.63%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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            <div style="font-size: 12pt;">MDC Partners Inc. (the &#8220;Issuer&#8221;)</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td colspan="3" style="width: 10.16%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 30.36%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 6.31%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.31%; vertical-align: top; font-size: 12pt;">
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          </td>
          <td colspan="7" style="width: 57.01%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Address of Issuer&#8217;s Principal Executive Offices</div>
          </td>
          <td style="width: 30.36%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td colspan="2" style="width: 12.63%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-size: 12pt;">One World Trade Center, Floor 65, New York, NY 10007</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
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    <div style="font-size: 12pt; font-weight: bold;">Item 2.</div>
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          <td style="width: 6.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 15%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.76%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 47.52%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(a)</div>
          </td>
          <td colspan="7" style="width: 30%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Name of Person Filing</div>
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          <td colspan="4" style="width: 56.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td colspan="2" style="width: 12.5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="11" style="width: 86.24%; vertical-align: top;">
            <div style="font-size: 12pt;">&#160;</div>
            <div style="font-size: 12pt;">This Schedule 13G is being filed jointly on behalf of:</div>
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            <div style="font-size: 12pt;">(i) Indaba Capital Management, L.P., a Delaware limited partnership (the "Investment Manager"),</div>
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            <div style="font-size: 12pt;">(ii) IC GP, LLC, a Delaware limited liability company, and the Investment Manager&#8217;s sole general partner (&#8220;IC GP&#8221;), and</div>
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            <div style="font-size: 12pt;">(iii)&#160;Derek C. Schrier, a United States citizen and the Managing Member of IC GP (the &#8220;Managing Member&#8221; and, collectively with the Investment Manager and IC GP, the &#8220;Reporting Persons&#8221;).</div>
            <div style="font-size: 12pt;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(b)</div>
          </td>
          <td colspan="11" style="width: 86.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Address of Principal Business office or, if None, Residence</div>
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          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td colspan="2" style="width: 12.5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="11" style="width: 86.24%; vertical-align: top;">
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            <div style="font-size: 12pt;">The business address of each of the Reporting Persons is One Letterman Drive, Building D, Suite DM700, San Francisco, California 94129</div>
            <div style="font-size: 12pt;">&#160;</div>
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          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 6.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(c)</div>
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          <td colspan="3" style="width: 17.48%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Citizenship:</div>
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          <td colspan="8" style="width: 68.76%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td colspan="2" style="width: 12.5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="11" style="width: 86.24%; vertical-align: top;">
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            <div style="font-size: 12pt;">The Investment Manager is a Delaware limited partnership, IC GP is a Delaware limited liability company and the Managing Member is a United States citizen.</div>
            <div style="font-size: 12pt;">&#160;</div>
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          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 6.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(d)</div>
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          <td colspan="8" style="width: 31.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Title of Class Securities:</div>
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          <td colspan="3" style="width: 55%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td colspan="2" style="width: 12.5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td colspan="11" style="width: 86.24%; vertical-align: top;">
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            <div style="font-size: 12pt;">Class A Subordinate Voting Shares (the &#8220;Shares&#8221;)</div>
            <div style="font-size: 12pt;">&#160;</div>
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          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 6.24%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 6.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(e)</div>
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          <td colspan="6" style="width: 23.74%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">CUSIP Number:</div>
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          <td colspan="5" style="width: 62.5%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td colspan="2" style="width: 12.5%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 15%; vertical-align: top;">
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            <div style="font-size: 12pt;">552697104</div>
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          <td colspan="10" style="width: 71.24%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 1.26%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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    <div style="font-size: 12pt;"><br>
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          <td style="width: 9%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 91%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td style="width: 9%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Item 3.</div>
          </td>
          <td style="width: 91%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">If this statement is filed pursuant to Rules 13d-1(b), or 13d-2(b) or (c), check whether the person filing is a:</div>
          </td>
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    <div style="font-size: 12pt;"><br>
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          <td style="width: 12.79%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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        <tr>
          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Broker or dealer registered under section 15 of the Act (15 U.S.C. 78c).</div>
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    <div style="font-size: 12pt;">&#160;</div>
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        <tr>
          <td style="width: 12.79%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 74.38%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(b)</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).</div>
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    <div style="font-size: 12pt;"><br>
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          <td style="width: 12.79%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 74.38%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
        </tr>
        <tr>
          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">(c)</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">[&#160; ]</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).</div>
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    <div style="font-size: 12pt;">&#160;</div>
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          <td style="width: 12.79%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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    <div style="font-size: 12pt;"><br>
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          <td style="width: 2.97%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.46%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.26%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 12.71%; vertical-align: top; font-size: 12pt;">
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: top; font-size: 12pt;">
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 7.6%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.97%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.46%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.26%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 12.79%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 12.79%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 74.38%; vertical-align: middle; font-size: 12pt;">
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 74.38%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-size: 12pt;">A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J).</div>
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 74.38%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 12.79%; vertical-align: top; font-size: 12pt;">
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            <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">[&#160; ]</div>
            <div style="font-family: 'Times New Roman',Times,serif; font-size: 12pt;">&#160;</div>
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          <td style="width: 2.56%; vertical-align: top; font-size: 12pt;">
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            <div style="font-size: 12pt;">Group, in accordance with Rule 13d-1(b)(1)(ii)(K).</div>
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          <td style="width: 88.46%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Incorporated by reference to Item 6 of the cover page pertaining to each Reporting Person.</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">Incorporated by reference to Item 7 of the cover page pertaining to each Reporting Person.</div>
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          <td style="width: 11.54%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 88.46%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">Incorporated by reference to Item 8 of the cover page pertaining to each Reporting Person.</div>
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        <tr>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
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            <div style="text-indent: 9pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Ownership of Five Percent or Less of a Class.</div>
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    <div style="font-size: 12pt;">If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class securities, check the following [&#160;&#160; ].</div>
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    <div style="font-size: 12pt;">The Shares beneficially owned by the Reporting Persons are directly held by the Fund, for which the Investment Manager serves as investment manager.&#160;&#160;&#160;</div>
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        <tr>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 92.3%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 92.3%; vertical-align: top; font-size: 12pt;">
            <div style="margin-left: 9pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person.</div>
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    <div style="font-size: 12pt;">Not applicable.</div>
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          <td style="width: 7.7%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 92.3%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 7.7%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 92.3%; vertical-align: top; font-size: 12pt;">
            <div style="margin-left: 9pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Identification and Classification of Members of the Group.</div>
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          <td style="width: 62.82%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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    <div style="font-size: 12pt;"><br>
    </div>
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          <td style="width: 92.3%; vertical-align: top; font-size: 12pt;">
            <div style="margin-left: 9pt; font-family: 'Times New Roman',Times,serif; font-weight: bold;">Notice of Dissolution of Group.</div>
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    <div style="font-size: 12pt;">Not applicable.</div>
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          <td style="width: 90.54%; vertical-align: middle; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif; font-weight: bold;">Certification:</div>
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    <div style="font-size: 12pt;">By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose
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    <div style="font-size: 12pt;">After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.</div>
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    <div style="font-size: 12pt;">Date:&#160;&#160;February 16, 2021</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">INDABA CAPITAL MANAGEMENT, L.P.</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">By:</div>
          </td>
          <td style="width: 35.52%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;IC GP, LLC, its general partner</div>
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          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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        <tr>
          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 35.52%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
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            <div style="font-family: 'Times New Roman',Times,serif;"><u>/s/&#160;Derek C. Schrier</u></div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 35.52%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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    <div style="font-size: 12pt;"><br>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 35.52%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;"><u>/s/ Derek C. Schrier</u></div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 35.52%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
          </td>
          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 3.72%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 35.52%; vertical-align: top; font-size: 12pt;">
            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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          <td style="width: 11.12%; vertical-align: top; font-size: 12pt;">
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          <td style="width: 49.64%; vertical-align: top; font-size: 12pt;">
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            <div style="font-size: 12pt;"><u>/s/ Derek C. Schrier</u>&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">DEREK C. SCHRIER&#160;</div>
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            <div style="font-family: 'Times New Roman',Times,serif;">&#160;</div>
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