<SEC-DOCUMENT>0001437749-21-016698.txt : 20210709
<SEC-HEADER>0001437749-21-016698.hdr.sgml : 20210709
<ACCEPTANCE-DATETIME>20210709092828
ACCESSION NUMBER:		0001437749-21-016698
CONFORMED SUBMISSION TYPE:	SC 13D/A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20210709
DATE AS OF CHANGE:		20210709
GROUP MEMBERS:		MARK J. PENN
GROUP MEMBERS:		STAGWELL GROUP 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 13D/A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	005-53561
		FILM NUMBER:		211081803

	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:			Stagwell Agency Holdings LLC
		CENTRAL INDEX KEY:			0001771728
		IRS NUMBER:				833870147
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		SC 13D/A

	BUSINESS ADDRESS:	
		STREET 1:		1808 I STREENET, NW
		STREET 2:		6TH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20006
		BUSINESS PHONE:		9177652638

	MAIL ADDRESS:	
		STREET 1:		1808 I STREENET, NW
		STREET 2:		6TH FLOOR
		CITY:			WASHINGTON
		STATE:			DC
		ZIP:			20006
</SEC-HEADER>
<DOCUMENT>
<TYPE>SC 13D/A
<SEQUENCE>1
<FILENAME>sah20210709_sc13da.htm
<DESCRIPTION>SCHEDULE 13D/A
<TEXT>
<html><head><meta charset="utf-8"><meta name="format-detection" content="telephone=no"><!-- Generated by ThunderDome Portal - 7/9/2021 1:06:23 PM -->
	<title>sah20210709_sc13da.htm</title>


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<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>UNITED STATES</b><br>
<b>SECURITIES AND EXCHANGE COMMISSION</b><br>
<b>WASHINGTON, DC 20549</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SCHEDULE 13D</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>UNDER THE SECURITIES EXCHANGE ACT OF 1934</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(Amendment No. 7)</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>MDC PARTNERS INC.</b></p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Name of Issuer)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Class A Subordinate Voting Shares</b></p>

<hr style="height: 1px; color: #000000; background-color: #000000; width: 100%; border: none; margin: 3pt 0">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">(Title of Class of Securities)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>552697104</b></p>

<hr class="hr-custom" style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 70%; border: none; margin: 0pt auto 0pt auto;">
<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; text-align: center; margin: 0pt;">(CUSIP Number)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Stagwell Agency Holdings LLC </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>c/o The Stagwell Group LLC </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>1808 Eye Street, NW, Sixth Floor </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Washington, DC 20006 </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>Attention: Mark J. Penn </b></p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>(917) 765-2638</b></p>

<hr class="hr-custom" style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 70%; border: none; margin: 0pt auto 0pt auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 68pt;">(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>July 8, 2021</b></p>

<hr class="hr-custom" style="text-align: center;height: 1px; color: #000000; background-color: #000000; width: 70%; border: none; margin: 0pt auto 0pt auto;">
<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt 0pt 0pt 72pt;">(Date of Event Which Requires Filing of This Statement)</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;">If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of &#167;&#167; 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box:</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;"><i>Note</i>: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See &#167;240.13d-7 for other parties to whom copies are to be sent.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;">* 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 disclosures provided in a prior cover page.</p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;">The information required on 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;<u>Act</u>&#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, <i>see</i> the Notes).</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;text-indent:9pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGFTR" style="text-align: center; width: 100%">
<div class="hf-row">
<div class="hf-cell PGNUM">&nbsp;</div>
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<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
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<p style="font-family: 'Times New Roman', Times, serif; font-size: 10pt; margin: 0pt; text-align: left">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SCHEDULE 13D/A</b></p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%;">

		<tr>
			<td style="border-width: 1px; border-style: solid; border-color: black black rgb(0, 0, 0); vertical-align: top; width: 35.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>CUSIP No. 552697104</b></p>
			</td>
			<td style="vertical-align:top;width:35.4%;">&nbsp;</td>
			<td style="border-width: 1px; border-style: solid; border-color: black black rgb(0, 0, 0); vertical-align: top; width: 30.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Page 2 of 8 Pages</p>
			</td>
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</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table cellpadding="3pt" cellspacing="0pt" style="font-size: 10pt; width: 100%; margin-left: 0pt; margin-right: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-width: 1px; border-style: solid; border-color: black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>1</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; border-top: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">NAME OF REPORTING PERSON<br>
			I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">Stagwell Agency Holdings LLC</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>2</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: right; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">(a)&nbsp;&nbsp;&#9744;</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: right; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">(b)&nbsp;&nbsp;&#9746;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>3</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SEC USE ONLY</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>4</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>
			OO<b>&nbsp;&nbsp;</b>(See Item 3)</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>5</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED<br>
			PURSUANT TO ITEMS 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>6</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
			Delaware</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td colspan="1" rowspan="4" style="vertical-align: middle; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>NUMBER OF </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>SHARES</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>BENEFICIALLY </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>OWNED BY</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>EACH </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>REPORTING</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>PERSON WITH</b></p>
			</td>
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>7</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOLE VOTING POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,451,891 (See Items 4 and 5)*</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>8</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SHARED VOTING POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">0</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>9</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOLE DISPOSITIVE POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,451,891 (See Items 4 and 5)*</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>10</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SHARED DISPOSITIVE POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">0</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>11</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,451,891 (See Items 4 and 5)*</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>12</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">See Item 5.</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="border-bottom: 1px solid black; vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>13</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">19.7% (See Item 5)**</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>14</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">OO</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">*Reflects the maximum number of Class A Shares of the Issuer issuable upon conversion of the 50,000 Preference Shares beneficially owned by the Reporting Person that are currently eligible for conversion. The Preference Shares are convertible as described in the Schedule 13D.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">**The calculation is based on the 14,285,714 Class A Shares of the Issuer beneficially owned by the Reporting Person plus the maximum number of Class A Shares issuable upon conversion of the 50,000 Preference Shares beneficially owned by the Reporting Person that are currently eligible for conversion.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SCHEDULE 13D/A</b></p>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%;">

		<tr>
			<td style="border-width: 1px; border-style: solid; border-color: black black rgb(0, 0, 0); vertical-align: top; width: 35.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>CUSIP No. 552697104</b></p>
			</td>
			<td style="vertical-align:top;width:35.4%;">&nbsp;</td>
			<td style="border-width: 1px; border-style: solid; border-color: black black rgb(0, 0, 0); vertical-align: top; width: 30.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Page 3 of 8 Pages</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table cellpadding="3pt" cellspacing="0pt" style="font-size: 10pt; width: 100%; margin-left: 0pt; margin-right: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-width: 1px; border-style: solid; border-color: black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>1</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; border-top: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">NAME OF REPORTING PERSON<br>
			I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">The Stagwell Group LLC</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>2</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: right; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">(a)&nbsp;&nbsp;&#9744;</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: right; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">(b)&nbsp;&nbsp;&#9746;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>3</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SEC USE ONLY</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>4</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>
			OO<b>&nbsp;</b>(See Item 3)</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>5</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED<br>
			PURSUANT TO ITEMS 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>6</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
			Delaware</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td colspan="1" rowspan="4" style="vertical-align: middle; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>NUMBER OF </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>SHARES</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>BENEFICIALLY </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>OWNED BY</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>EACH </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>REPORTING</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>PERSON WITH</b></p>
			</td>
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>7</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOLE VOTING POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,566,891 (See Items 4 and 5)*</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>8</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SHARED VOTING POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">0</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>9</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOLE DISPOSITIVE POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,566,891 (See Items 4 and 5)*</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>10</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SHARED DISPOSITIVE POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">0</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>11</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,566,891 (See Items 4 and 5)*</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>12</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">See Item 5.</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>13</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">19.9% (See Item 5)**</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>14</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">OO</p>
			</td>
		</tr>

</table>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">* Reflects the maximum number of Class A Shares of the Issuer issuable upon conversion of the 50,000 Preference Shares beneficially owned by the Reporting Person that are currently eligible for conversion. The Preference Shares are convertible as described in the Schedule 13D.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">**The calculation is based on the 14,400,714 Class A Shares of the Issuer beneficially owned by the Reporting Person plus the maximum number of Class A Shares issuable upon conversion of the 50,000 Preference Shares beneficially owned by the Reporting Person that are currently eligible for conversion.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<div class="PGBK" style="width: 100%; margin-left: 0pt; margin-right: 0pt">
<div class="PGNUM" style="text-align: center; width: 100%">&nbsp;</div>

<hr style="PAGE-BREAK-AFTER: always; border: none; width: 100%; height: 2px; color: #000000; background-color: #000000">
<div class="PGHDR" style="text-align: left; width: 100%">&nbsp;</div>
</div>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>SCHEDULE 13D/A</b></p>

<table border="0" cellpadding="0" cellspacing="0" style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; width: 100%;">

		<tr>
			<td style="border-width: 1px; border-style: solid; border-color: black black rgb(0, 0, 0); vertical-align: top; width: 35.4%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;"><b>CUSIP No. 552697104</b></p>
			</td>
			<td style="vertical-align:top;width:35.4%;">&nbsp;</td>
			<td style="border-width: 1px; border-style: solid; border-color: black black rgb(0, 0, 0); vertical-align: top; width: 30.3%;">
			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:center;margin:0pt;">Page 4 of 8 Pages</p>
			</td>
		</tr>

</table>

<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

<table cellpadding="3pt" cellspacing="0pt" style="font-size: 10pt; width: 100%; margin-left: 0pt; margin-right: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">

		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-width: 1px; border-style: solid; border-color: black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>1</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; border-top: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">NAME OF REPORTING PERSON<br>
			I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY).</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">Mark J. Penn</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>2</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: right; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">(a)&nbsp;&nbsp;&#9744;</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: right; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">(b)&nbsp;&nbsp;&#9746;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>3</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SEC USE ONLY</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>4</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOURCE OF FUNDS (SEE INSTRUCTIONS)<br>
			OO<b>&nbsp;</b>(See Item 3)</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>5</b></p>
			</td>
			<td colspan="2" style="border-bottom: 1px solid black; vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED<br>
			PURSUANT TO ITEMS 2(d) or 2(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&#9744;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>6</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CITIZENSHIP OR PLACE OF ORGANIZATION<br>
			United States</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td colspan="1" rowspan="4" style="vertical-align: middle; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>NUMBER OF </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>SHARES</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>BENEFICIALLY </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>OWNED BY</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>EACH </b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>REPORTING</b></p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>PERSON WITH</b></p>
			</td>
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>7</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOLE VOTING POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,591,891 (See Items 4 and 5)*</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>8</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SHARED VOTING POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">0</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>9</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SOLE DISPOSITIVE POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,591,891 (See Items 4 and 5)*</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>10</b></p>
			</td>
			<td style="vertical-align: top; width: 78%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">SHARED DISPOSITIVE POWER</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">0</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">&nbsp;</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>11</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">15,591,891 (See Items 4 and 5)*</p>
			</td>
		</tr>
		<tr style="font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>12</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; border-bottom: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt;">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">See Item 5.</p>
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			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>13</b></p>
			</td>
			<td colspan="2" style="vertical-align: top; width: 7%; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">19.9% (See Item 5)**</p>
			</td>
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			<td style="vertical-align: top; width: 15%; border-left: 1px solid black; border-right: 1px solid black; font-family: &quot;Times New Roman&quot;, Times, serif; font-size: 10pt; border-bottom: thin solid rgb(0, 0, 0);">
			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; text-align: center; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;"><b>14</b></p>
			</td>
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			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)</p>

			<p style="font-size: 10pt; font-variant-numeric: normal; font-variant-east-asian: normal; margin: 0pt; font-family: &quot;Times New Roman&quot;, Times, serif;">IN</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;">* Reflects the maximum number of Class A Shares of the Issuer issuable upon conversion of the 50,000 Preference Shares beneficially owned by the Reporting Person that are currently eligible for conversion. The Preference Shares are convertible as described in the Schedule 13D.</p>

<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">**The calculation is based on the 14,425,714 Class A Shares of the Issuer beneficially owned by the Reporting Person plus the maximum number of Class A Shares issuable upon conversion of the 50,000 Preference Shares beneficially owned by the Reporting Person that are currently eligible for conversion.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">This Amendment No. 7 to Schedule 13D (this &#8220;<u>Amendment No. 7</u>&#8221;) is being filed jointly by: (i) Stagwell Agency Holdings LLC, a Delaware limited liability company (&#8220;<u>SAH</u>&#8221;), (ii) The Stagwell Group LLC, a Delaware limited liability company, and (iii) Mark J. Penn, a United States citizen (collectively, the &#8220;<u>Reporting Persons</u>&#8221; and each, individually, a &#8220;<u>Reporting Person</u>&#8221;), and amends the original statement on Schedule 13D filed jointly by the Reporting Persons with the Securities and Exchange Commission on March 19, 2019, as amended by Amendment No. 1 on June 26, 2020, Amendment No. 2 on October 4, 2020, Amendment No. 3 on December 22, 2020, Amendment No. 4 on June 7, 2021, Amendment No. 5 on June 14, 2021, and Amendment No. 6 on June 17, 2021 (as so amended, the &#8220;<u>Schedule 13D</u>&#8221;), with respect to the Class A Subordinate Voting Shares of MDC Partners Inc.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">This Amendment No. 7 amends the Schedule 13D as set forth herein. Unless otherwise indicated herein, each capitalized term used but not otherwise defined herein shall have the meaning given to such term in the Schedule 13D.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Item 3.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Source and Amount of Funds or Other Considerations.</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The disclosure set forth under Item 4 of this Amendment No. 7 is incorporated herein by reference.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;"><b>Item 4.</b>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<b>Purpose of Transaction.</b></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:9pt;">Item 4 of the Schedule 13D is hereby amended and supplemented by adding the following:</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:9pt;"><i>Transaction Agreement Amendment</i></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">As previously announced, the Issuer and Stagwell entered into the Transaction Agreement (as amended by the Amendment) providing for, among other things, the combination of the Issuer with certain subsidiaries of Stagwell. On July 8, 2021, the Issuer and Stagwell entered into an amendment (&#8220;<u>Amendment No. 2</u>&#8221;) to the Transaction Agreement, pursuant to which the Issuer and Stagwell have agreed to modify certain provisions of the Transaction Agreement to reflect, among other things, the following:</p>

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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">1)</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The number of common membership interests of OpCo (as defined in the Transaction Agreement) and the number of shares of a new Class C series of voting-only common stock of the Combined Company to be issued to Stagwell in exchange for the contribution by Stagwell of the equity interests of certain subsidiaries of Stagwell to OpCo and the contribution by Stagwell of an aggregate amount of cash equal to $100 to the Combined Company, respectively, is reduced, in each case, from 216,250,000 to 180,000,000;</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">2)</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">The Stagwell Net Debt Cap (as defined in the Transaction Agreement) is increased to $285 million from $260 million;</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">3)</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">From and after the closing of the Transactions, for so long as Stagwell and its affiliates collectively beneficially own more than 10% of the then-issued and outstanding voting securities of the Combined Company (the &#8220;<u>Post-Closing Governance Period</u>&#8221;), at least seven (7) out of the nine (9) directors constituting the Combined Company board of directors (the &#8220;<u>Combined Company Board</u>&#8221;) shall be (a) independent with respect to the Combined Company in accordance with SEC and NASDAQ independence rules applicable to a NASDAQ-listed company that is not a controlled company pursuant to NASDAQ rules (&#8220;<u>SEC/NASDAQ Independence Rules</u>&#8221;) and (b) independent pursuant to the SEC/NASDAQ Independence Rules with respect to Stagwell as if Stagwell had equity securities that were traded on NASDAQ and was subject to such SEC/NASDAQ Independence Rules (such independent directors, the &#8220;<u>Independent Directors</u>&#8221;);</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">During the Post-Closing Governance Period, the Combined Company shall cause the Nominating &amp; Corporate Governance Committee to be comprised of two of the current independent directors of the Issuer who will serve on the Combined Company Board and one additional new Independent Director on the Combined Company Board selected by such current independent directors of the Issuer; and</p>
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			<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">5)</p>
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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt; text-align: justify;">From the closing of the Transactions through the first two annual meetings of the shareholders of the Combined Company for the election of directors, in the event that any Independent Director (i) is unwilling or unable to continue serving as a director of the Combined Company for any reason, (ii) ceases to be independent with respect to the Combined Company in accordance with SEC/NASDAQ Independence Rules or with respect to Stagwell pursuant to the SEC/NASDAQ Independence Rules as if Stagwell had equity securities that were traded on NASDAQ and subject to such SEC/NASDAQ Independence Rules, or (iii) resigns, dies, becomes disabled or is otherwise removed from the Combined Company Board, the Nominating &amp; Corporate Governance Committee shall consult with Stagwell in advance and select a replacement nominee or director, provided that, solely with respect to any Independent Director who is not currently an independent director of the Issuer, any such replacement shall be approved by Stagwell in its sole discretion.</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:9pt;"><i>Stagwell Letter Agreement Amendment</i></p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">On December 21, 2020, the Issuer and SAH entered into a letter agreement (the &#8220;<u>Stagwell Letter Agreement</u>&#8221;), pursuant to which, among other things, SAH agreed to vote its Preference Shares in favor of the Transaction. On July 8, 2021, the Issuer and SAH entered into a letter agreement (the &#8220;<u>Second Stagwell Letter Agreement</u>&#8221;), which, among other things, reduced the accretion rate on the base liquidation preference of the new Series 6 convertible preferred shares of the Combined Company (the &#8220;<u>Combined Company Series 6 Shares</u>&#8221;) to zero percent per annum from and after the date that is two business days following the closing of the Transactions until the one year anniversary thereof, and pursuant to which SAH affirmed its consent to vote its Preference Shares in favor of the Transactions after giving effect to the Amendment and Amendment No. 2.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:9pt;">A copy of Amendment No. 2 is attached hereto as Exhibit R, along with a copy of the Second Stagwell Letter Agreement, as Exhibit S. The information contained in Amendment No. 2 and the Second Stagwell Letter Agreement is incorporated herein by reference. The foregoing descriptions of Amendment No. 2 and the Second Stagwell Letter Agreement are qualified in their entirety by reference thereto.</p>

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			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;"><b>Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.</b></p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;text-align:justify;margin:0pt;text-indent:36pt;">The disclosure set forth under Item 4 of this Amendment No. 7 is incorporated herein by reference.</p>

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			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Amendment No. 2, dated July 8, 2021 (filed as Exhibit 2.1 to the Issuer&#8217;s Current Report on Form 8-K filed on July 9, 2021 (SEC File No. 001-13718) and incorporated herein by reference).</p>
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			<p style="margin: 0pt; text-align: left; font-family: &quot;Times New Roman&quot;; font-size: 10pt;">Second Stagwell Letter Agreement, dated July 8, 2021 (filed as Exhibit 2.3 to the Issuer&#8217;s Current Report on Form 8-K filed on July 9, 2021 (SEC File No. 001-13718) and incorporated herein by reference).</p>
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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">After reasonable inquiry and to the best of its or his knowledge and belief, each of the undersigned certifies that the information set forth in this statement is true, complete and correct.</p>

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<p style="font-family:Times New Roman;font-size:10pt;font-variant:normal;margin:0pt;">Date: July 9, 2021</p>

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			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">STAGWELL AGENCY HOLDINGS LLC</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">By: The Stagwell Group LLC, its manager</p>

			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">By: <u>&nbsp;/s/&nbsp;Mark J. Penn</u><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Name: Mark J. Penn</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Title: Manager</p>

			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">THE STAGWELL GROUP LLC</p>

			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">By: <u>&nbsp;/s/&nbsp;Mark J. Penn</u><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Name: Mark J. Penn</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Title: Manager</p>

			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

			<p style="font-family:'Times New Roman';font-size:10pt;font-variant:normal;margin:0pt;">&nbsp;</p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;"><u>&nbsp;/s/&nbsp;Mark J. Penn</u><u>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&nbsp;</u></p>

			<p style="font-family: &quot;Times New Roman&quot;; font-size: 10pt; font-variant: normal; margin: 0pt;">Mark J. Penn</p>
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