<SEC-DOCUMENT>0001477932-20-000874.txt : 20200220
<SEC-HEADER>0001477932-20-000874.hdr.sgml : 20200220
<ACCEPTANCE-DATETIME>20200220172259
ACCESSION NUMBER:		0001477932-20-000874
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		4
CONFORMED PERIOD OF REPORT:	20200206
FILED AS OF DATE:		20200220
DATE AS OF CHANGE:		20200220

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Mogo Inc.
		CENTRAL INDEX KEY:			0001602842
		STANDARD INDUSTRIAL CLASSIFICATION:	FINANCE SERVICES [6199]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			A1
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		6-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-38409
		FILM NUMBER:		20636412

	BUSINESS ADDRESS:	
		STREET 1:		2100-401 WEST GEORGIA STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 5A1
		BUSINESS PHONE:		604-659-4380

	MAIL ADDRESS:	
		STREET 1:		2100-401 WEST GEORGIA STREET
		CITY:			VANCOUVER
		STATE:			A1
		ZIP:			V6B 5A1

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mogo Finance Technology Inc.
		DATE OF NAME CHANGE:	20140317

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Mogo Finance Technology, Inc.
		DATE OF NAME CHANGE:	20140317
</SEC-HEADER>
<DOCUMENT>
<TYPE>6-K
<SEQUENCE>1
<FILENAME>mogo_6k.htm
<DESCRIPTION>FORM 6-K
<TEXT>
<html><head><title>mogo_6k.htm</title><!--Document Created by EDGARMaster--></head><body style='TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%'><div style="display: none" id="xid"></div><body style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%"><div id="p84d436f8-2212-4f73-9265-c22866f5ac9f" class="pdiv" style="MARGIN: 0px" align="left"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" class="hrule"></div><div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000" class="hrule"></div></td></tr></table></div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div id="p84d436f8-2212-4f73-9265-c22866f5ac9f" class="pdiv" style="MARGIN: 0px" align="center"><div class="font" style="font-size:12pt;display: inline;"><div class="btag" style="display: inline; font-weight:bold;">UNITED STATES</div></div></div><div id="pea76d8f3-7f96-4582-9e8c-3911fea2d665" class="pdiv" style="MARGIN: 0px" align="center"><div class="font" style="font-size:12pt;display: inline;"><div class="btag" style="display: inline; font-weight:bold;">SECURITIES AND EXCHANGE COMMISSION</div></div></div><div id="p006ed889-8bd1-4060-94a3-609039a3569a" class="pdiv" style="MARGIN: 0px" align="center"><div class="font" style="font-size:12pt;display: inline;"><div class="btag" style="display: inline; font-weight:bold;">Washington, D.C. 20549</div></div></div><div id="pebfe3b44-3061-4b7a-bd72-c5e5fa00d2fa" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pa31153b5-6ccf-4609-af3b-563038c41e01" class="pdiv" style="MARGIN: 0px" align="center"><div class="font" style="font-size:18pt;display: inline;"><div class="btag" style="display: inline; font-weight:bold;">FORM 6-K</div></div></div><div id="padecf4c6-1ef2-49e3-9cfe-79f2351f0f02" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pe9e20dd8-cb55-4a3b-95c6-73ede6081b5b" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16</div></div><div id="pda2a0bd4-8e30-4924-872c-2382c1fcba62" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div></div><div id="p58268ccc-3bc2-4ef8-9b67-b4087500c34d" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p4748b6b7-cd08-49c0-92a0-b58e0c28d002" class="pdiv" style="MARGIN: 0px" align="center">For the month of <div class="btag" style="display: inline; font-weight:bold;"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">February 2020</div></div></div></div></div><div id="p1e2a959e-2f7b-432a-9153-f2a76265b012" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p6c26fc1b-7dd4-416c-aea0-977f440396c5" class="pdiv" style="MARGIN: 0px" align="center">Commission File Number: <div class="btag" style="display: inline; font-weight:bold;">001-3</div><div class="btag" style="display: inline; font-weight:bold;">8409</div></div><div id="p6f270c9b-cd08-4ddc-af84-279748c1df1c" class="pdiv" style="MARGIN: 0px">&nbsp; </div><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: auto;align:center;margin:auto;" cellspacing="0" cols="3" cellpadding="0" width="60%" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid"><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;"><div class="font" style="font-size:18pt;display: inline;">Mogo Inc. </div></div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px;text-align:center;">(formerly known as Mogo Finance Technology Inc.)</div></td></tr></table><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;&nbsp; </div><div id="pc51fdb09-ca8e-4fc1-9142-6589620ddbb1" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">2100-401 West Georgia St.</div> <div class="pdiv" style=" text-align: justify;"></div><div id="pd815b56e-a9f7-4d8b-8a19-58428a3f771a" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">Vancouver, British Columbia</div></div><div id="p94578c6d-d4b4-43ef-afe8-75dc22c47427" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">V6B 5A1, Canada</div></div></div></div></div><div class="pdiv" style="MARGIN: 0px;text-align:center;">(<div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Address of principal executive office</div></div></div></div>s) <div id="pae3ebd72-94cc-4f02-8ec8-0771421603a2" class="pdiv" style="MARGIN: 0px" align="center">&nbsp;</div><div id="pd834b5a7-df23-4037-9a51-b7c5155ae534" class="pdiv" style="MARGIN: 0px">Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.</div><div id="p4eb74ccd-98b9-43be-8cbe-da0a47edd360" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div style="font-family:Wingdings;display: inline;" class="font">x </div>Form 20-F&nbsp;&nbsp;&nbsp;&nbsp; <div style="font-family:Wingdings;display: inline;" class="font">&#168; </div>Form 40-F</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div id="p5042459f-5157-44fd-816b-4179bdc45c99" class="pdiv" style="MARGIN: 0px">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): <div style="font-family:Wingdings;display: inline;" class="font">&#168;</div></div><div id="p3e9bce07-4ebb-45e2-bbfb-fc9463408e62" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pd5e81e2c-be18-4ce5-b111-0f1b19d4c63d" class="pdiv" style="MARGIN: 0px">Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): <div style="font-family:Wingdings;display: inline;" class="font">&#168;</div></div><div id="pf2890cb3-1cb3-4d87-bd54-0c964fb6be14" class="pdiv" style="MARGIN: 0px" align="left">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="HEIGHT: 2px; WIDTH: 100%; BACKGROUND: #000000; MARGIN: 0px 0px 2px" class="hrule"><div class="pdiv" style="text-align:justify;"></div><div style="HEIGHT: 4px; WIDTH: 100%; BACKGROUND: #000000" class="hrule"><div class="pdiv" style=" text-align: justify;"></div></div></div></td></tr></table><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="TEXT-INDENT: 0px">&nbsp;</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"></div>&nbsp;</td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div id="p38c0a1c5-3b1e-4764-b119-fa2dc39ce2a6" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">SIGNATURES</div></div><div id="p7d9b326c-10c7-4073-8f04-21ec6602ae28" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p44590d34-5e9c-4790-ab69-eb351948b1db" class="pdiv" style="MARGIN: 0px">Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.</div><div id="pd11ea67c-b635-42f9-ae66-9110cfccb9f8" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><table id="a189e2c8-0181-4bd4-9745-d21d427943cf" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top"><div id="pa134c2bf-6968-48f1-8837-604c2235f819" class="pdiv" style="MARGIN: 0px">&nbsp; <div class="pdiv" style="text-align:justify;"></div></div></td><td valign="top" colspan="3"><div id="pe66987e1-fd9e-437f-9c35-78d9ea82fbc7" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Mogo Inc.</div></div></td></tr><tr><td valign="top"></td><td valign="top" colspan="2"></td><td valign="top"></td></tr><tr><td valign="top" style="width:50%;"></td><td valign="top" style="width:5%;"></td><td valign="top" style="width:35%;"></td><td valign="top" style="width:10%;"><div id="pc63a088e-27b6-43ca-b86a-d7ea5480d960" class="pdiv" style="MARGIN: 0px">&nbsp;</div></td></tr><tr><td valign="top"><div id="p4e2d87d1-a7c5-441a-b781-06253c787f42" class="pdiv" style="MARGIN: 0px">Date: February 20, 2020</div></td><td valign="top"><div id="pda41e28a-5732-4f0e-99a5-06f9dce6d84c" class="pdiv" style="MARGIN: 0px">By:</div></td><td style="BORDER-BOTTOM: black 1px solid" valign="top"><div id="pa24574ab-965f-4541-aa7a-07e3f9c41292" class="pdiv" style="MARGIN: 0px"><em>/s/ Gregory Feller</em></div></td><td valign="top"></td></tr><tr><td valign="top"></td><td valign="top"><div id="p70eb2eb3-97c3-4d19-baea-1d994b7176ac" class="pdiv" style="MARGIN: 0px">Name: </div></td><td valign="bottom"><div id="p4756f7a7-789b-4a92-bb50-095f1a15a7a8" class="pdiv" style="MARGIN: 0px">Gregory Feller</div></td><td valign="top"></td></tr><tr><td valign="top"></td><td valign="top"><div id="p2e1b3056-ebdf-46a1-bae1-93d409058eb1" class="pdiv" style="MARGIN: 0px">Title: </div></td><td valign="top" colspan="2"><div id="p66ad16d9-64ca-4a21-8927-f51766c9cc38" class="pdiv" style="MARGIN: 0px">President &amp; Chief Financial Officer</div></td></tr></table><div class="pdiv" style="MARGIN: 0px;text-align:justify;"></div><div id="p81413590-ff0a-4a1f-bd6c-e14287b6cdc0" class="pdiv" style="MARGIN: 0px">&nbsp; <div class="pdiv" style="text-align:justify;"></div><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px"><div class="pdiv" style="MARGIN: 0px;text-align:center;">2</div></td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style="text-align:justify;"></div>&nbsp; <div class="pdiv" style=" text-align: justify;"></div></div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp; </div><div id="p7f6a24e1-39dd-4cf3-a801-8a4d895715f2" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">Form 6-K Exhibit Index</div></div><div id="p7bf61eb8-c493-4dff-b294-ce9ea2eb5736" class="pdiv" style="MARGIN: 0px">&nbsp;</div><table id="7f3bd897-2723-4244-91bd-ce4452c9ce85" style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-BOTTOM: 1px solid;width:9%;" valign="bottom"><div id="p13571f93-4325-4f2f-83e1-30a23555c3e9" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">Exhibit Number</div></div></td><td valign="bottom" style="width:2%;"><div id="p22653a2e-0a06-4710-ad62-c0f6e0ef2aa3" class="pdiv" style="MARGIN: 0px" align="center">&nbsp;</div></td><td style="BORDER-BOTTOM: 1px solid" valign="bottom"><div id="p4cb2700a-a111-43b0-badf-ef3295fd62e3" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Document Description</div></div></td></tr><tr><td valign="bottom"></td><td valign="bottom"></td><td valign="bottom"><div id="p91cebe32-eff1-4f56-aac0-18e6d3a2788e" class="pdiv" style="MARGIN: 0px">&nbsp;</div></td></tr><tr style="background-color:#cceeff;"><td valign="top"><div id="pf5cb9d3d-48ee-4c8c-b554-0ddaca95c187" class="pdiv" style="MARGIN: 0px" align="center"><div class="atag" style="display: inline;"><a href="mogo_ex991.htm">99.1</a></div></div></td><td valign="top"><div id="pb13e9d82-d84b-4927-a96d-925b6e1922e5" class="pdiv" style="MARGIN: 0px">&nbsp;</div></td><td valign="top"><div id="pe2bc0f39-1084-494a-9ee8-13e8a09ee6d4" class="pdiv" style="MARGIN: 0px" align="left"><div class="atag" style="display: inline;"><a href="mogo_ex991.htm">Material change report dated February 20, 2020 announcing extension of marketing collaboration agreement with Postmedia Network Inc.</a></div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div></td></tr><tr style="background-color:#cceeff;"><td valign="top"><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="atag" style="display: inline;"><a href="mogo_ex992.htm">99.2</a></div></div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><div class="atag" style="display: inline;"><a href="mogo_ex992.htm">Second amended and restated marketing collaboration agreement between Mogo Inc., Mogo Finance Technology Inc. and Postmedia Network Inc.</a></div></div></td></tr></table><div id="p481e90a0-b885-44e5-b9ff-e5afaaf14e4f" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p25ac2c42-3c64-4f84-b4b7-99a1c06ff9c6" class="pdiv" style="MARGIN: 0px"><div id="p56caa8b4-2037-4aea-bf81-9004409f5a8c" class="pdiv" style="MARGIN: 0px"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-INDENT: 0px"><div class="pdiv" style="MARGIN: 0px;text-align:center;">3</div></td></tr></table><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div></div></div></div></div><div></div><div></div><div></div></body></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>mogo_ex991.htm
<DESCRIPTION>MATERIAL CHANGE REPORT
<TEXT>
<html><head><title>mogo_ex991.htm</title><!--Document Created by EDGARMaster--></head><body style='TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%'><div style="display: none" id="xid"></div><body style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%"><div class="pdiv" style="MARGIN: 0px;text-align:right;"><div class="btag" style="display: inline; font-weight:bold;">EXHIBIT 99.1</div></div><div class="pdiv" style="MARGIN: 0px;text-align:center;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">Form 51-102F3</div></div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><em><div class="btag" style="display: inline; font-weight:bold;">Material Change Report</div></em></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">Item 1. Name and Address of Company</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Mogo Inc. (the "<div class="btag" style="display: inline; font-weight:bold;">Company</div>" or "<div class="btag" style="display: inline; font-weight:bold;">Mogo</div>")<br>2100 &#8211; 401 West Georgia Street</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Vancouver, British Columbia</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">V6B 5A1</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div id="pe4b01ff4-2dd6-43d1-b3a2-bca4c35825bb" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 2. Date of Material Change</div></div><div id="pd2afa0f3-9217-4f50-b60f-000b48b84330" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p9f3118c0-5d35-4daa-bfde-5d0e01c70dc3" class="pdiv" style="MARGIN: 0px">February 6, 2020</div><div id="p8bcf8c68-0938-4ea7-8e1d-0b98156d0665" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p92cc8160-a5dd-4f7b-af9e-98ca76eaca16" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 3. News Release</div></div><div id="p87367078-cf70-4ad3-a025-665217038385" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p89133525-42a9-4c0d-8c43-225e601d1b48" class="pdiv" style="MARGIN: 0px" align="justify">A news release attached hereto as Schedule &#8220;A&#8221; was disseminated on February 6, 2020 by Canada Newswire.</div><div id="pd9b17d13-a8ab-4d67-b6e4-f2b3204bfd83" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p01090693-f6af-4acc-84f2-542c223c78b5" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 4. Summary of Material Change</div></div><div id="p7f313993-d7ca-4359-a8f2-6e4f68c5a4bb" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pa5ceab92-aff3-456a-89de-477f86557a9e" class="pdiv" style="MARGIN: 0px" align="justify">The Company announced that it has extended the term of its marketing collaboration agreement (the &#8220;<div class="btag" style="display: inline; font-weight:bold;">Agreement</div>&#8221;) with Postmedia Network Inc. (&#8220;<div class="btag" style="display: inline; font-weight:bold;">Postmedia</div>&#8221;), which will provide the Company with over $15,000,000 of annual media value for the next 3 years until January 2023. The original agreement was executed and announced on January 25, 2016 and amended on January 1, 2018.</div><div id="p0caa945e-f7df-48d8-bd53-ed92f3c8921a" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p97fe2680-39d7-451d-8890-d73724b359ee" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 5. Full Description of Material Change</div></div><div id="p2aae1827-304e-4ba6-bc7b-0c6d2ac62846" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pb673531e-fa8b-40dd-925f-a705beb9304e" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">5.1 </div><div class="btag" style="display: inline; font-weight:bold;">Full Description of Material Change</div></div><div id="p091640ab-a670-4602-ad42-cd20b33ebdc0" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pf83c1023-585c-4240-8dd0-ad532a37f05c" class="pdiv" style="MARGIN: 0px" align="justify">The Company announced that it has extended the term of the Agreement with Postmedia, which will provide the Company with over $15,000,000 of annual media value for the next 3 years until January 2023. The original agreement was executed and announced on January 25, 2016 and amended on January 1, 2018.</div><div id="p9ae3b1bf-2e01-4ef4-8806-29d9ac67e2b3" class="pdiv" style="MARGIN: 0px" align="justify">&nbsp;</div><div id="p6ac12030-ac68-4dfa-9932-eb6b0b3a149e" class="pdiv" style="MARGIN: 0px" align="justify">The Agreement provides for Mogo to receive a similar minimum annual media value from Postmedia to the original agreement while Postmedia will receive a similar quarterly payment to the previous agreement through a combination of a quarterly fixed cash payment of $263,000 and minimum commissions of $112,500 per quarter related to Mogo&#8217;s digital performance spend, which will now be managed by Postmedia&#8217;s digital division.</div><div id="padc08417-ea3b-4d8e-aaa3-489ee657eba3" class="pdiv" style="MARGIN: 0px" align="justify">&nbsp;</div><div id="pd6ce242e-840c-4764-ac94-0c183b3ec0bc" class="pdiv" style="MARGIN: 0px" align="justify">In connection with the extension and amendment of the Agreement, Mogo agreed to issue to Postmedia 5-year warrants to acquire 350,000 common shares of Mogo at an exercise price of $3.537 (equal to the 60-day VWAP of the Mogo shares on the Toronto Stock Exchange (&#8220;<div class="btag" style="display: inline; font-weight:bold;">TSX</div>&#8221;)), which will vest in equal instalments over three years. Mogo also agreed to extend the term of 50% of the warrants previously issued to Postmedia from January 25, 2021 to January 25, 2023. Issuance of the 350,000 warrants and the two-year extension of the term of the existing warrants are subject to TSX approval.</div><div id="pb6c32bb5-45aa-4b6d-b7ae-bd9c655e4257" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p078c651c-c124-4f5a-919f-787b810b2bfd" class="pdiv" style="MARGIN: 0px" align="justify">The above summary is qualified in its entirety by reference to the terms of the Second Amended and Restated Collaboration Agreement, which may be found under the Company&#8217;s profile on SEDAR at <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">www.sedar.com</div></div>.</div><div id="p55e2ccfd-ae55-4fb3-8f51-2482c3f8cd10" class="pdiv" style="MARGIN: 0px"><div id="pa69ec62e-b92f-49cb-b64a-fc589c58ffc7" class="pdiv" style="MARGIN: 0px">&nbsp;&nbsp; </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak5a4d2f15-7821-4f49-8276-4d569dc0c57b" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">1</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr></table></div><div></div><tr><td>&nbsp;</td></tr> <div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp; &nbsp;&nbsp;&nbsp; </div><div id="pa35e623c-6af9-42ce-a340-ad241e830c85" class="pdiv" style="MARGIN: 0px"><div id="p00d3f8a1-4827-4b23-ba61-230e07ae618f" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">5.2 Disclosure for Restructuring Transactions</div></div><div id="p40e99140-1e73-4b4d-bd86-b718bbb1f652" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pf428b236-fa9b-4d4b-887d-afb4800a3253" class="pdiv" style="MARGIN: 0px">Not applicable.</div><div id="p02e2755e-e33c-4c4e-896e-b7bb8eaf71d8" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p747052bb-4aa5-4340-afed-80967d95f311" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 6. Reliance on subsection 7.1(2) or (3) of National Instrument 51-102</div></div><div id="p58666a1e-c7a0-47a0-93e2-c50bd133309d" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pa863642e-e160-41d6-b714-4b31859cb4fd" class="pdiv" style="MARGIN: 0px">Not applicable.</div><div id="p61cab756-9d4b-4957-ad5b-96775ffabb14" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p92bfb88b-9a91-41d7-85a4-ba5263a27914" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 7. Omitted Information</div></div><div id="p21d7ef90-2117-4663-845f-a607633909ab" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p422bc8c8-b670-4bb6-baa9-bb1186327abd" class="pdiv" style="MARGIN: 0px">Not applicable.</div><div id="p2cef264c-b122-41fa-8d67-689da9374e21" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p335f3b7d-880d-400e-ab1a-3705e8db51e9" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 8. Executive Officer</div></div><div id="p626144e2-1fe9-40a8-b2a1-e31089d5a635" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p8df0f416-2c37-4939-bb7e-23f710dc9737" class="pdiv" style="MARGIN: 0px">Gregory Feller, the President and Chief Financial Officer of the Company is knowledgeable about the material change described above. His business telephone number is 1-800-980-6646.</div><div id="p6edb1b8f-387a-4d62-aa4e-be58bf60fa42" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p304fe0fb-b45c-4e80-83d4-8259d18828c5" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Item 9. Date of Report</div></div><div id="p27c3063e-edab-4161-918a-8272b4355092" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pe3f637b6-b484-4123-9de0-acb11dc6b1ae" class="pdiv" style="MARGIN: 0px">February 20, 2020</div><div id="pe1713074-481d-475e-828f-46719912dccf" class="pdiv" style="MARGIN: 0px"><div id="p5f8c043e-b883-4948-bd61-80297d7ca61e" class="pdiv" style="MARGIN: 0px">&nbsp; </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak11f1104a-edf9-4392-82b0-3eea04e59e09" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">2</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr></table></div></div><tr><td>&nbsp;</td></tr> <div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp; </div><tr><td></td></tr><tr><td></td></tr><div id="p3c80cdce-74df-4e17-9a76-d3cb45899714" class="pdiv" style="MARGIN: 0px"><div id="pd5e43647-4558-435c-b618-6895472e5b81" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">SCHEDULE &#8220;A&#8221;</div></div><div id="pafffe7db-ea2a-4315-a7fe-fbab156589e4" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pf67c5ce4-0935-4058-9da7-593c6f8243d5" class="pdiv" style="MARGIN: 0px" align="center">Please see attached.</div><div id="pd3c559de-56bc-4db1-8695-72a9605a7561" class="pdiv" style="MARGIN: 0px"><div id="pa1eed7f6-129c-46e5-b530-7be5c9857fae" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakf995079a-ca93-4f43-853b-27c938130aa3" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">3</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr></table></div></div><tr><td>&nbsp;</td></tr> <div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;&nbsp; </div><tr><td></td></tr><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><img src="mogo_ex99img1.jpg"></div><tr><td></td></tr><div id="p25a37e20-df33-44b2-9118-385e623db734" class="pdiv" style="MARGIN: 0px"><div id="pcd70bcea-c8f6-4648-9407-7b7b7416aa3a" class="pdiv" style="MARGIN: 0px" align="center"><div class="btag" style="display: inline; font-weight:bold;">Mogo Extends Innovative Marketing Agreement with</div></div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">Postmedia to 2023 </div></div><div id="p8f1a8dfa-a268-4282-bf2f-81d684a1707b" class="pdiv" style="MARGIN: 0px" align="center">&nbsp;</div><div id="p36f68eff-59af-4a02-8b5b-06d394478664" class="pdiv" style="MARGIN: 0px" align="center"><div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Agreement allows Mogo to further establish itself as the go-to financial app for millennials to improve their financial health </div></div></div><div id="p22216a5e-8702-4908-8be6-cb6d8af5e378" class="pdiv" style="MARGIN: 0px" align="center">&nbsp;</div><div id="pb2236eff-618d-4450-85da-9e74b4ecabe2" class="pdiv" style="MARGIN: 0px" align="justify"><div class="btag" style="display: inline; font-weight:bold;">Vancouver, British Columbia, February 6, 2020</div>&#8211; Mogo Inc. (TSX:MOGO) (NASDAQ:MOGO) (&#8220;Mogo&#8221; or the &#8220;Company&#8221;), one of Canada&#8217;s leading financial technology companies, today announced that it has extended the term of its marketing collaboration agreement with Postmedia Network Inc. (&#8220;Postmedia&#8221;), which will provide over $15,000,000 of annual media value for the next 3 years. The agreement is now extended until January 2023. </div><div id="p49048154-fc77-4a67-83a8-d8fec47d3d96" class="pdiv" style="MARGIN: 0px" align="justify">&nbsp;</div><div id="pd6f77e7c-a89d-4a21-b482-10b656499ed1" class="pdiv" style="MARGIN: 0px" align="justify">Postmedia is a Canadian news media company representing more than 140 brands, including the National Post, Toronto Sun and Vancouver Sun, across multiple print, online, and mobile platforms. Postmedia reaches 19.6 million Canadians each month across its platforms, including 13.8 million adults through mobile properties.</div><div id="p8e931526-5c25-453c-912b-68ddbf22ad1d" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pdbbcabab-2b29-4611-bd33-f23a980f05b1" class="pdiv" style="MARGIN: 0px" align="justify">&#8220;Our innovative marketing agreement with Postmedia has been instrumental in building our brand and member base in a highly efficient way,&#8221; said Greg Feller, President &amp; CFO of Mogo. &#8220;We are pleased to deepen and extend this relationship and look forward to leveraging this unique asset to drive awareness of new product launches and reinforce Mogo&#8217;s unique value proposition focused on helping Canadians improve their financial health and lead a more sustainable lifestyle.&#8221;</div><div id="peb2fe17a-7d53-4362-be6b-de1c9b3c6bc3" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pbdf93788-0f73-4181-8202-63bba2ae1287" class="pdiv" style="MARGIN: 0px" align="justify">The extended agreement provides for Mogo to receive a similar minimum annual media value from Postmedia to the original agreement while Postmedia will receive a similar quarterly payment to the previous agreement through a combination of: 1) a quarterly fixed cash payment, and; 2) commissions related to Mogo&#8217;s digital performance spend, which will now be managed by Postmedia&#8217;s digital division. In addition, Mogo agreed to issue to Postmedia 5-year warrants to acquire 350,000 common shares of Mogo at an exercise price of $3.537 (equal to the 60-day VWAP of the Mogo shares on the Toronto Stock Exchange (&#8220;TSX&#8221;)), which will vest in equal instalments over three years. Mogo also agreed to extend the term of 50% of the warrants previously issued to Postmedia from January 25, 2021 to January 25, 2023. Issuance of the 350,000 warrants and the two year extension of the term of the existing warrants are subject to TSX approval.</div><div id="p4e3bbdc7-6256-4128-8142-6b41fa5b7229" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="pb1359017-e246-4a06-bf40-e2cde82550f0" class="pdiv" style="MARGIN: 0px" align="justify">Note: All dollar amounts are expressed in Canadian dollars unless otherwise specified.</div><div id="p96e3be5f-f7e2-46f1-895a-44ed78d6339a" class="pdiv" style="MARGIN: 0px">&nbsp;&nbsp; </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak92c5a371-9239-4c55-acdf-00435d7f3a12" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">4</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr></table></div><div></div><tr><td>&nbsp;</td></tr> <div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </div><div id="p2e6df85b-ef73-4497-a62f-f729a12458b7" class="pdiv" style="MARGIN: 0px" align="justify"><div class="btag" style="display: inline; font-weight:bold;">About Mogo</div></div><div id="pd5db39c2-20c4-4425-b600-8e570d982ba7" class="pdiv" style="MARGIN: 0px" align="justify">Mogo &#8212; a financial technology company &#8212; offers a finance app that empowers consumers with simple solutions to help them get in control of their financial wellness. Financial wellness continues to be the #1 source of stress across all demographics and highest among millennials. At Mogo, users can sign up for a free account in only three minutes and begin to learn the 4 habits of financial health and get convenient access to products that can help them achieve their financial goals. The Mogo platform has been purpose-built to deliver a best-in-class digital experience, with best-in-class products all through one account. With more than one million members and a marketing partnership with Canada&#8217;s largest news media company, Mogo continues to execute on its vision of becoming the go-to financial app for the next generation of Canadians. To learn more, please visit mogo.ca or download the mobile app (iOS or Android).</div><div id="pd4346dd6-efa9-4056-819e-b16dab87564d" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div id="p90f6c9a9-4522-475a-9c34-05bab3df8ae7" class="pdiv" style="MARGIN: 0px"><div class="btag" style="display: inline; font-weight:bold;">Forward-Looking Statements </div></div><div id="pbf52ea76-a2cf-442e-b5ed-b28ae5f56421" class="pdiv" style="MARGIN: 0px" align="justify"><div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">This news release may contain &#8220;forward-looking statements&#8221; within the meaning of applicable securities legislation, including statements regarding new product launches and receipt of TSX approval. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. For a description of the risks associated with Mogo&#8217;s business please refer to the &#8220;Risk Factors&#8221; section of Mogo&#8217;s current annual information form, which is available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise.</div></div></div><div id="pa861e1be-9b49-4eba-905c-1af7f00597e7" class="pdiv" style="MARGIN: 0px">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">For further information:<br></div>Craig Armitage <br>Investor Relations <br>craiga@mogo.ca <br>(416) 347-8954</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="d9a20c44-d2ac-4a12-b6a4-df140649d5f8" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">5</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><tr><td></td></tr><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div></div><div></div></body></body></html>
</TEXT>
</DOCUMENT>
<DOCUMENT>
<TYPE>EX-99.2
<SEQUENCE>3
<FILENAME>mogo_ex992.htm
<DESCRIPTION>SECOND AMENDED AND RESTATED MARKETING COLLABORATION AGREEMENT
<TEXT>
<html><head><title>mogo_ex992.htm</title><!--Document Created by EDGARMaster--></head><body style='TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%'><div style="display: none" id="xid"></div><body style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; MARGIN: 0px 7%"><div class="pdiv" style="MARGIN: 0px;text-align:right;"><div class="btag" style="display: inline; font-weight:bold;">EXHIBIT 99.2</div></div><div class="pdiv" style="MARGIN: 0px;text-align:center;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">SECOND AMENDED AND RESTATED MARKETING</div><div class="btag" style="display: inline; font-weight:bold;">COLLABORATION AGREEMENT</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">THIS AGREEMENT is dated for reference as of January 1, 2020 <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;"></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">BETWEEN:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 45px;text-align:justify;"><div class="btag" style="display: inline; font-weight:bold;">POSTMEDIA NETWORK INC</div><div class="btag" style="display: inline; font-weight:bold;">. </div>a corporation duly incorporated pursuant to the laws of Canada, having its principal office at 365 Bloor Street East, 12th Floor, Toronto, ON M4W 3L4 (&#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia</div>&#8221;)</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">AND</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 45px;text-align:justify;"><div class="btag" style="display: inline; font-weight:bold;">MOGO FINANCE TECHNOLOGY INC</div><div class="btag" style="display: inline; font-weight:bold;">.</div>a corporation duly amalgamated pursuant to the laws of the Province of British Columbia and having its principal office at 2100-401 West Georgia Street, Vancouver, BC V6B 5A1 (&#8220; <div class="btag" style="display: inline; font-weight:bold;">Mogo</div>&#8221;)</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">AND</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 45px;text-align:justify;"><div class="btag" style="display: inline; font-weight:bold;">MOGO INC</div><div class="btag" style="display: inline; font-weight:bold;">.</div>a corporation duly continued pursuant to the laws of the Province of British Columbia and having its principal office at 2100-401 West Georgia Street, Vancouver, BC V6B 5A1 (&#8220; <div class="btag" style="display: inline; font-weight:bold;">Parent</div>&#8221;)</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">(collectively, the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Parties</div>&#8221; and each a &#8220; <div class="btag" style="display: inline; font-weight:bold;">Party</div>&#8221;)</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><div class="btag" style="display: inline; font-weight:bold;">WHEREAS:</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">A.</td><td valign="top">Postmedia is a Canadian news media company representing more than 200 brands (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia Network</div>&#8221;) across multiple print, online, tablet and mobile platforms and any other media operated by Postmedia or its Affiliates which is now known or hereafter devised (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia Sites</div>&#8221;).</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">B.</td><td valign="top">Parent, through its wholly-owned subsidiary Mogo, is a Canadian financial technology company offering a finance app where users can sign up for a free account in only three minutes and begin to learn the 4 habits of financial health and get convenient access to products that can help them achieve their financial goals.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">C.</td><td valign="top">Postmedia and Mogo entered into a marketing collaboration agreement on or about January 25, 2016 (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Original Agreement</div>&#8221;) under which: (a) Postmedia and Mogo collaborated to market and promote the existence and the availability of Mogo&#8217;s products and services to Postmedia's readership base; and (2) Mogo provided Postmedia with the opportunity to earn an equity stake in Mogo in exchange for Mogo acquiring new customers from Postmedia&#8217;s marketing efforts.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak5484bb7c-12fe-4ea1-aac5-66b363d23363" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">1</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">D.</td><td valign="top">Postmedia and Mogo entered into an amended and restated marketing collaboration agreement dated as of January 1, 2018 (&#8220;the <div class="btag" style="display: inline; font-weight:bold;">Amended and Restated Agreement</div>&#8221;) to, among other things, extend the Initial Term of the Original Agreement by two years, fix the Revenue Sharing Payments to which Postmedia is entitled after December 31, 2017 and implement related ancillary amendments to the Original Agreement.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">E.</td><td valign="top">Postmedia and Mogo entered into a letter of agreement dated as of December 2, 2019 (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">LOA</div>&#8221;) regarding the third-party digital marketing services to be provided by Postmedia to Mogo.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">F.</td><td valign="top">The Parties have agreed to: (1) further extend the Initial Term of the Amended and Restated Agreement by two (2) years; (2) reduce the Revenue Sharing Payments to which Postmedia is entitled after December 31, 2019; (3) adjust the Promotional Value to which Mogo is entitled after December 31, 2019; (4) amend and supersede the terms of the LOA by incorporating them into the Amended and Restated Agreement effective as of the date hereof; (5) amend the expiry date of the 2016 5-Year Mogo Warrants and provide for the issuance of the 2020 Mogo Warrants; (6) implement related ancillary amendments to the Amended and Restated Agreement; and (7) enter into this second amended and restated marketing collaboration agreement (this &#8220; <div class="btag" style="display: inline; font-weight:bold;">Agreement</div>&#8221;) to record the basis on which their collaboration will operate following December 31, 2019.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">NOW THEREFORE, in consideration of the respective covenants, agreements, representations, warranties and indemnities contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties hereby covenant and agree as follows:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">1. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">DEFINITIONS AND INTERPRETATION</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">1.1 <div class="btag" style="display: inline; font-weight:bold;">Definitions</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">In this Agreement, the following words shall have the following meanings:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">2020</div><div class="btag" style="display: inline; font-weight:bold;">Mogo Warrants</div>&#8221; has the meaning set forth in Section 5.2.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">2016 5-Year Mogo Warrants</div>&#8221; means warrants to purchase 598,060 common shares in the capital of Parent issued to Postmedia on January 25, 2016 with an expiry date of January 25, 2021.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">2016 7-Year Mogo Warrants</div>&#8221; means warrants to purchase 598,060 common shares in the capital of Parent issued to Postmedia on January 25, 2016 with an expiry date of January 25, 2023.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Acquired Customer</div>&#8221; means an individual that becomes a Customer through a Postmedia Contact Point.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Affiliates</div>&#8221; means, in respect of Postmedia, Postmedia Network Canada Corp. and all Persons under its control and, in respect of Parent and Mogo, all Persons under the control of Mogo, and for the purposes of this definition, &#8220; <div class="btag" style="display: inline; font-weight:bold;">control</div>&#8221; (including with correlative meanings, the terms &#8220; <div class="btag" style="display: inline; font-weight:bold;">controlled by</div>&#8221; or &#8220; <div class="btag" style="display: inline; font-weight:bold;">under common control with</div>&#8221;) means the power to direct or cause the direction (through the election or appointment of the Persons who direct) of the management and policies of any Person, whether through the ownership of securities, by contract or otherwise.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreake505c399-24fd-4a34-931a-14bffa15bed0" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">2</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(f)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Annual Marketing Plan</div>&#8221; means a plan for the number, types and timing of the Campaigns for a year, setting the objectives of each Campaign, how the Minimum Promotional Value for the year is to be allocated to the identified Campaigns and the breakdown of the categories of Postmedia Sites to be used for that year&#8217;s Campaigns.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(g)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Annual Planning Meeting</div>&#8221; means a meeting of the Designated Representatives of the Parties to be held not less than 30 days prior to the commencement of each year in the Initial Term to produce the Annual Marketing Plan for the coming year.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(h)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Applicable Law</div>&#8221; means any and all codes, statutes, laws, regulations, rules, permits, licenses, orders, standards and directions (&#8220; <div class="btag" style="display: inline; font-weight:bold;">Laws</div>&#8221;) of any Governing Body from time to time in force which are applicable to the Parties. Applicable Law includes: (i) PIPEDA (as defined in Section 1.1(ff) below), (ii) the Canadian anti-spam legislation commonly referred to as &#8220; <div class="btag" style="display: inline; font-weight:bold;">CASL</div>&#8221;, and (iii) all applicable Laws governing financial services in Canada.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(i)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Branding Materials</div>&#8221; means Mogo&#8217;s marketing materials, including for each Campaign, the seed package setting out the creative concepts for the Campaign, the design, content and artwork for promotional pieces to be used for the Campaign and all other logos, branding and media designs.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(j)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Campaign</div>&#8221; means the marketing, advertising and other media pieces designed to promote a particular business objective in order to enhance the Mogo brand and generate Acquired Customers.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(k)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Competing Services</div>&#8221; means products or services offered in Canada similar to those offered by Mogo as of the date hereof, being the provision of mortgages, credit cards or pre-paid card services offered in Canada and such other products and services as may be agreed upon in writing between the Parties from time to time.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(l)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Confidential Information</div>&#8221; has the meaning set forth in Section 13.2.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(m)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Creative Works</div>&#8221; means any advertisements or other creative works developed or produced by or for Postmedia, or any of its Affiliates, (whether internally or through outsourcing) to promote Mogo, its products and services or the Mogo Platform.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(n)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Customer</div>&#8221; means an Individual that has obtained products or services from Mogo.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(o)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Customer Data</div>&#8221; means any data, information, and other content relating to Customers that is provided by either Party to the other Party in relation to the promotional activities contemplated hereunder. Customer Data shall include data from Customers collected, used, processed, stored, or generated as the result of the use of the Mogo Platform but, for the avoidance of any doubt, will exclude all Postmedia Analytical Data and Personally Identifiable Information.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak000f449a-066a-49e4-97b5-7383335ec397" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">3</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(p)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Designated Representatives</div>&#8221; has the meaning set forth in Section 3.2.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(q)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Effective Date</div>&#8221; means January 1, 2020.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(r)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Governing Body</div>&#8221; means any federal, provincial, state, local or other governmental authority, regulatory or administrative body, agency, or board that has legislative authority over the Parties to this Agreement.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(s)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Initial Term</div>&#8221; has the meaning set forth in Section 7.1.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(t)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Intellectual Property</div>&#8221; means intellectual property of every nature, whether registered or unregistered, including all copyrights, patents, patent rights, trade-marks, certification marks and industrial designs, applications for any of the foregoing, trade names, brand names, business names, trade secrets, proprietary manufacturing information and know-how, instruction manuals, inventions, inventors&#8217; notes, research data, unpatented blue prints, drawings and designs, formulae, calculations, processes, prototypes, technology and marketing rights, content (including images, text and photographs), computer software and source codes.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(u)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Marketing Mix</div>&#8221; means the set of actions, or tactics, that Postmedia uses from time to time to promote Mogo, its products and services or the Mogo Platform.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(v)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Minimum Promotional Value</div>&#8221; has the meaning set forth in Section 4.2.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(w)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Minimum Search &amp; Social Spend</div>&#8221; has the meaning set forth in Section 5.3(a).</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(x)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Mogo</div><div class="btag" style="display: inline; font-weight:bold;">Analytical Data</div>&#8221; means any and all information processed by Mogo or its Affiliates about Customers including, but not limited to, device IDs, IP addresses, cookie data and location, excluding the Postmedia Analytical Data.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(y)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Mogo Competitor</div>&#8221; means any Person that is a consumer financial services entity offering any of the Competing Services.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(z)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Mogo Platform</div>&#8221; means all financial technology software, software platforms, software development toolkits and other toolkits, technology and infrastructure used by Mogo, whether created by Mogo or licensed from third parties.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(aa)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Mogo Rate Card</div>&#8221; means a table prepared by Postmedia, no later than March 31 of every year, showing the average of the rates to be charged by Postmedia during that year to its five (5) largest advertisers and agencies, broken down by each category (excluding the &#8220;Other&#8221; category) set out in Schedule A.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakee957c99-deaf-4d15-95aa-7f8822fd0dfb" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">4</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(bb)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Mogo Warrants</div>&#8221; means the 2020 Mogo Warrants, the 2016 5-Year Mogo Warrants and the 2016 7-Year Mogo Warrants.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(cc)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Off Network Programmatic Display Services</div>&#8221; means the services provided by Postmedia to Mogo for off network display, video and audio impressions through Postmedia&#8217;s programmatic trade desk.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(dd)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Performance Marketing</div>&#8221; means the Search Marketing, Social Marketing, Off Network Programmatic Display Services and all other performance services, such as search engine optimization and landing page creation, provided, performed or supplied for Mogo&#8217;s benefit by Postmedia under this Agreement.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ee)</td><td valign="top"><div class="btag" style="display: inline; font-weight:bold;">&#8220;Person&#8221;</div>means any individual, partnership, limited partnership, joint venture, syndicate, sole proprietorship, company or corporation with or without share capital, unincorporated associated, trust, trustee, executor, administrator or other legal personal representative, regulatory body or agency, governmental agency, authority or entity however designated or constituted.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ff)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Personally Identifiable Information</div>&#8221; means personally identifiable information, including, without limitation, any information that identifies an individual, such as an individual&#8217;s passport number, health card number, driver&#8217;s license, social insurance number (SIN) or any other government-issued identification number, date of birth, address, telephone number, biometric data, mother&#8217;s maiden name, email address, credit card information, or an individual&#8217;s name in combination with any other of the elements listed herein, and includes, without limitation, any information which is deemed to be, or found to be by a Governing Body, Personally Identifiable Information under the <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Personal Information Protection and Electronic Documents</div></div>Act (&#8220; <div class="btag" style="display: inline; font-weight:bold;">PIPEDA</div>&#8221;) or other Applicable Law.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(gg)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia Analytical Data</div>&#8221; means any and all information processed by Postmedia or its Affiliates about the Postmedia Subscribers collected from Postmedia Sites or subscription data, including, but not limited to, device IDs, IP addresses, cookie data, location and browsing behaviour on Postmedia Sites.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(hh)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia Contact Point</div>&#8221; means a set of unique URLs, 1-800 phone numbers, email addresses and unique advertising tracking codes that Mogo and Postmedia will use in all applicable promotional materials to identify Acquired Customers.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ii)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia Contact Point Data</div>&#8221; means any and all information regarding Acquired Customers collected from Postmedia Contact Points including, but not limited to, device IDs, IP addresses, cookie data and location, but, for the avoidance of any doubt, will exclude all Personally Identifiable Information.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(jj)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Postmedia Subscriber</div>&#8221; means each individual that subscribes to or accesses, one or more of the Postmedia Sites.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakc20afd8d-fdf0-4c17-b9ea-622f4a46f318" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">5</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(kk)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Promotional Value</div>&#8221; means, for any quarter or year, the value of the Services provided by Postmedia calculated using the rates set out in the Mogo Rate Card in effect during such period.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ll)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Promotional Value Statement</div>&#8221; means a quarterly statement produced by Postmedia showing the Promotional Value for the preceding quarter.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(mm)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Quarterly Marketing Plan</div>&#8221; means a plan outlining the minimum Services to be provided by Postmedia in the coming quarter, including the breakdown on the specific Postmedia Sites to be used in such activity and the allocation of Minimum Promotional Value in respect of such quarter.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(nn)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Quarterly Planning Meeting</div>&#8221; means a meeting of the Parties to be held at least thirty (30) days prior to the start of a quarter to finalize the Quarterly Marketing Plan for the coming quarter.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(oo)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Receiving Party</div>&#8221; has the meaning set forth in Section 13.2.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(pp)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Revenue Sharing Payment</div>&#8221; means an amount equal to $263,000.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(qq)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Search Marketing</div>&#8221; means the paid search advertising provided, performed or supplied for Mogo&#8217;s benefit by Postmedia under this Agreement using Google, Apple and such other paid search platforms as may be agreed to by the Parties.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(rr)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Search Marketing Costs</div>&#8221; means the media costs incurred in connection with Postmedia providing Search Marketing to Mogo, as invoiced by Google, Apple and such other paid search platforms as may be agreed to by the Parties.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ss)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Services</div>&#8221; means any or all advertising, creation, promotion and placement services performed or supplied by Postmedia or its Affiliates for Mogo&#8217;s benefit, excluding any services provided pursuant to Section 4.3.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(tt)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Social Marketing</div>&#8221; means the paid advertising, promotion and placement services provided, performed or supplied for Mogo&#8217;s benefit by Postmedia under this Agreement using Facebook platforms and such other paid social platforms as may be agreed to by the Parties.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(uu)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Social Marketing Costs</div>&#8221; means the media costs incurred in connection with Postmedia providing Social Marketing to Mogo, as invoiced by Facebook and such other paid social platforms as may be agreed to by the Parties.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(vv)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Search &amp; Social Management Fee</div>&#8221; has the meaning set forth in Section 5.4.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ww)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Tail Period</div>&#8221; means the 18 month period following the expiry of the Initial Term.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak6487e610-c2bd-4260-97d0-97f2401485da" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">6</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(xx)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Termination Date</div>&#8221; means, for the purposes of Article 6, the effective date of the termination of this Agreement.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(yy)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Third Party Marketing</div>&#8221; means all advertising, creation, promotion and placement services provided, performed or supplied by (a) Mogo or (b) a Person other than Postmedia, or (c) by Postmedia under Section 4.3, for Mogo&#8217;s benefit.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(zz)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Trade Desk Management Fee</div>&#8221; has the meaning set forth in Section 5.5.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(aaa)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">TSX</div>&#8221; means the Toronto Stock Exchange.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(bbb)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">VWAP</div>&#8221; means the volume weighted average trading price of Mogo common shares on the TSX, calculated by dividing the total value by the total volume of Mogo common shares traded for the relevant period, provided that, internal crosses and certain other special terms trades will be excluded from such calculation where such exclusions are specifically required by the TSX.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(ccc)</td><td valign="top">&#8220; <div class="btag" style="display: inline; font-weight:bold;">Warrant Certificate</div>&#8221; has the meaning set forth in Section 5.2.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">1.2 <div class="btag" style="display: inline; font-weight:bold;">Interpretation</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">The division of this Agreement into Sections is for convenience of reference only and does not affect the construction or interpretation of this Agreement. The terms &#8220;hereof&#8221;, &#8220;hereunder&#8221; and similar expressions refer to this Agreement and not to any particular Section or other portion hereof. Unless something in the subject matter or context is inconsistent therewith, references herein to Sections and Schedules are to Sections of and Schedules to this Agreement.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">In this Agreement, unless the context requires otherwise, (i) references to &#8220;years&#8221; are to calendar years, and (ii) references to &#8220;quarters&#8221; are references to calendar quarters that are coincident with Mogo&#8217;s financial quarters, being January to March (Q1), April to June (Q2), July to September (Q3) and October to December (Q4).</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">In this Agreement words importing the singular number include the plural and vice versa, and words importing any gender include all genders. The term &#8220;including&#8221; means &#8220;including without limiting the generality of the foregoing&#8221;.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">In this Agreement, unless the context requires otherwise, references to &#8220;a Party&#8221; in the context of Mogo or Parent include both Mogo and Parent.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">The following Schedules are attached hereto and shall form an integral part of this Agreement:</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:justify;">Schedule A &#8211; Quarterly Marketing Plan Promotional Value Allocation</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:justify;">Schedule B - Form of Warrant Certificate</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak5305bca8-579a-4893-8fd9-c7b544836017" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">7</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">2. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">NO PARTNERSHIP</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">This Agreement shall not be construed as creating any partnership, joint venture, agency or similar relationship between the Parties other than a relationship of Parties with respect to the carrying out the terms of this Agreement. All rights, duties, obligations, and liabilities of the Parties therefrom shall be separate, individual and several and not joint or joint and several. Neither Party may contract on behalf of the other and neither Party shall purport to do so.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">3. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">COORDINATION BETWEEN THE PARTIES</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Postmedia and Mogo agree to collaborate with each other to market and promote Mogo, the existence and the availability of Mogo&#8217;s products and services, and the Mogo Platform, with a view to maximizing the number of Acquired Customers and Mogo&#8217;s revenues, all on the terms and conditions of this Agreement. Without limiting the generality of the foregoing, each of the Parties agrees to implement the following procedures in this Article 3 in order to better achieve this objective.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">3.1 <div class="btag" style="display: inline; font-weight:bold;">Executive Alignment</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">An executive sponsor (currently contemplated to be Greg Feller for Mogo and Andrew MacLeod for Postmedia) will meet at least quarterly throughout the Initial Term to review the strategic relationship between the Parties hereunder to ensure that it is meeting the expectations of each Party.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">3.2 <div class="btag" style="display: inline; font-weight:bold;">Annual Planning</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Each of the Parties will designate a representative (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Designated Representatives</div>&#8221;) that is familiar with marketing and the planning of promotional campaigns. Through its Designated Representative, each Party will meet to develop the Annual Marketing Plan and Campaigns at every Annual Planning Meeting.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">3.3 <div class="btag" style="display: inline; font-weight:bold;">Quarterly Planning</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Each Party will meet to finalize the Quarterly Marketing Plan at every Quarterly Planning Meeting.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">In finalizing the Quarterly Marketing Plan, Mogo will be entitled to designate the Branding Materials, specific Postmedia Sites, placements and dates/times on which the quarterly Promotional Value is to be used.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">If, due to Postmedia&#8217;s commitments and restrictions it has with other customers and advertising partners it is not possible for it to accept Mogo&#8217;s designations, at a minimum, Mogo will be entitled to designate the specific Postmedia Sites on which the quarterly Promotion Value is to be used, across the grid in Schedule A, provided that, unless otherwise agreed by the Parties, Mogo cannot allocate more than 50% of the Promotional Value of the Quarterly Marketing Plan to any one regional column and further subject to the restrictions set out in Section 4.2 below. Without changing Mogo&#8217;s quarterly allocations, Postmedia will be entitled to further allocate Mogo&#8217;s quarterly allocations in each box across the 3 months in the quarter, provided that not more than 50% of any box is allocated to any one month, and also provided that no month, aggregated across all categories, has less than 25% of the Promotional Value of the Quarterly Marketing Plan.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">Postmedia will provide Mogo with a quarterly report on each of the major Postmedia Sites, consisting of readily available public information regarding the scope, reach and effectiveness of the Postmedia Sites, such as paid circulation, number of subscribers, number of unique visitors, average time spent.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak8734bdea-6b23-48d1-82e8-7ff4b43110b5" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">8</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">3.4 <div class="btag" style="display: inline; font-weight:bold;">Implementation</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">As part of the Promotional Value:</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">Postmedia will use commercially reasonable efforts to provide Mogo with campaigns and placements reasonably comparable to that which Postmedia makes available to its top five (5) advertisers and agencies.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(ii)</td><td valign="top">At Mogo&#8217;s request, Postmedia will use commercially reasonable efforts to use its own social media channels to promote, feature, and create buzz around Mogo.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">Each Party will use commercially reasonable efforts to adjust and optimize the Quarterly Marketing Plan to maximize the efficacy of the Campaigns.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">Postmedia&#8217;s provision of Services and fulfilment of the Quarterly Marketing Plan is subject to Mogo&#8217;s approval (not to be unreasonably withheld or delayed, it being understood that factors such as Mogo&#8217;s capacity to accept new Customers would be a reasonable reason to reduce the size or scope of the Services). If Mogo declines any portion of the Services in a given quarter in accordance with the foregoing, Postmedia will use commercially reasonable efforts to credit any unused part of the Promotional Value in a Quarterly Marketing Plan to the next quarter, but Postmedia will not be obliged to displace advertising of its other customers and such credits may not involve the same Marketing Mix or occur in the same manner.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">Cost of Services which are either: (a) not subject to the Mogo Rate Card; or (b) in excess of 10% of the costs specified in the Quarterly Marketing Plan, shall be subject to Mogo&#8217;s prior approval, not to be unreasonably delayed.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">Mogo will create, and provide Postmedia with, the Branding Materials on a timely basis. In preparing the Creative Works, Postmedia will not alter the Branding Materials, other than as may be required in connection with formatting or other logistical or operational requirements of the Postmedia Sites, and must, prior to using any Creative Works in the provision of Services, obtain Mogo&#8217;s approval of such Creative Works, which shall not be unreasonably withheld or delayed.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(f)</td><td valign="top">Mogo will agree to Postmedia&#8217;s standard terms and conditions for any Services, as may be amended from time to time, provided that such terms and conditions do not conflict with, and are not inconsistent with, this Agreement.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak0226a2d8-8fb3-4557-b6b8-a181c815e9b7" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">9</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">4. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">POSTMEDIA PROMOTIONAL OBLIGATIONS</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">4.1 <div class="btag" style="display: inline; font-weight:bold;">Obligations</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Postmedia will produce all Creative Works used in promoting Mogo, its products and services, or the Mogo Platform. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">4.2 <div class="btag" style="display: inline; font-weight:bold;">Minimum Promotional Value</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">During the Initial Term, Postmedia will provide Mogo with at least $17 million in Promotional Value in each year (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Minimum Promotional Value</div>&#8221;). Mogo will be entitled, at its sole discretion, to allocate up to a maximum $7 million of such Minimum Promotional Value to digital Postmedia Sites.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">4.3 <div class="btag" style="display: inline; font-weight:bold;">Right of First Refusal</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Postmedia will have the right of first refusal to provide any Third Party Marketing proposed by Mogo, on the same terms and conditions and identical placement in the identical publications, media or channel as available to Mogo from a third party. Mogo will provide Postmedia with commercially reasonable advance notice of any proposed Third Party Marketing and Postmedia shall have a commercially reasonable period in which to respond to such notice in order to exercise its right of first refusal. This right of first refusal shall not apply in respect of referral fees paid by Mogo to third parties for Customer referrals. Amounts paid by Mogo to Postmedia for Third Party Marketing obligations assumed by Postmedia under this right of first refusal will not be included in any calculation of Promotional Value. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">4.4 <div class="btag" style="display: inline; font-weight:bold;">Tail Period</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Mogo will be entitled to advertise on Postmedia Sites during the Tail Period at a cost equal to 50% of the Mogo Rate Card for the first four (4) quarters of the Tail Period and a cost of 65% of the Mogo Rate Card for the last two (2) quarters of the Tail Period. However, this right will not be available if this Agreement is terminated pursuant to Article 7 prior to the expiry of the Initial Term.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreaka1aabc5e-8182-4d7c-9f15-0d9cf9b99644" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">10</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">4.5 <div class="btag" style="display: inline; font-weight:bold;">Performance Marketing</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">In providing the Performance Marketing, Postmedia will:</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">assist Mogo in achieving its goals and targets by providing strategy and recommendations, budget management, and otherwise work with Mogo to ascertain what is and/or is not working with the Performance Marketing;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(ii)</td><td valign="top">provide suggestions to Mogo for Creative Works based on what Postmedia determines to be most effective; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iii)</td><td valign="top">mix and match copy with images to drive performance.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">During the Initial Term, the Performance Marketing will be exclusively provided through Postmedia and as such, Postmedia will have access to and control of any user account(s) required to provide and/or effect the Performance Marketing via an agency account. For greater certainty, Mogo may, on its own or through a third-party, perform organic social media management services for its own user account(s).</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">Following the end of each month, Postmedia will invoice Mogo for the Performance Marketing which invoice will include the Search Marketing Costs, Social Marketing Costs, the Search &amp; Social Management Fee and the Trade Desk Management Fee, plus applicable taxes. Mogo will pay each invoice no later than thirty (30) days&#8217; of the date of such invoice.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">During the Initial Term, Postmedia will be responsible for the Search Marketing Costs and Social Marketing Costs and will satisfy such obligation by issuing Mogo a credit note concurrently with the issuance of each invoice pursuant to Section 4.5(c), in the amount of such Search Marketing Costs and Social Marketing Costs applicable to the invoice period (each, a &#8220; <div class="btag" style="display: inline; font-weight:bold;">Credit Note</div>&#8221;). Mogo will remit the amount of such Credit Note in cash to Facebook, Google, Apple or such other relevant paid search platforms, as applicable, on Postmedia&#8217;s behalf. If in any three (3) month period, an amount representing the value of two (2) or more issued Credit Notes has not been remitted by Mogo to Facebook, Google, Apple or such other relevant paid search platforms, as applicable, Postmedia will no longer have any obligation to issue further Credit Notes until such amounts have been paid.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">Postmedia will not have any obligation to develop or create any advertising or Creative Works with respect to the Performance Marketing and neither Postmedia nor its directors, officers, employees, agents and representatives will be liable for any claims, losses or damages directly or indirectly arising from or related to the content of Mogo&#8217;s Performance Marketing.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak7cd27d6a-5af6-42d8-aacd-d059d3aabbe1" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">11</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">5. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">MOGO&#8217;S PAYMENT OBLIGATIONS</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">In consideration of Postmedia meeting its obligations under this Agreement and providing the Services and the Performance Marketing, Mogo agrees to compensate Postmedia by paying the Revenue Sharing Payments, the Search &amp; Social Management Fee and the Trade Desk Management Fee to Postmedia, and by providing Postmedia the right to subscribe for the 2020 Mogo Warrants, all as described in greater detail in this Article 5.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">5.1 <div class="btag" style="display: inline; font-weight:bold;">Revenue Sharing Payments</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">During the Initial Term and during the Tail Period, Mogo will pay to Postmedia, no later than 15 days after the end of each such quarter:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">in respect of each quarter during the Initial Term, a Revenue Sharing Payment;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">in respect of each of the first four (4) quarters of the Tail Period, 50% of the Revenue Sharing Payment; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">in respect of each of the last two (2) quarters of the Tail Period, 35% of the Revenue Sharing Payment.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">5.2 <div class="btag" style="display: inline; font-weight:bold;">Amendment to 2016 5-Year Mogo Warrants and Issuance of 2020 Mogo Warrant</div><div class="btag" style="display: inline; font-weight:bold;">s</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Subject to receipt of TSX approval and, if required, shareholder approval at Parent&#8217;s annual meeting of shareholders to be held in June 2020, Parent will extend the term of the 2016 5-Year Mogo Warrants from five (5) years to seven (7) years such that the 2016 5-Year Mogo Warrants will expire on January 25, 2023.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">Subject to receipt of TSX approval, Parent will issue to Postmedia warrants to purchase 350,000 common shares in the capital of Parent (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">2020 </div><div class="btag" style="display: inline; font-weight:bold;">Mogo Warrants</div>&#8221;). Parent will issue to Postmedia a certificate (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Warrant Certificate</div>&#8221;) representing the 2020 Mogo Warrants as soon as practicable following receipt of TSX approval. The 2020 Mogo Warrants will:</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">have an exercise price per share equal to the greater of: (i) the sixty (60) trading day VWAP of the Parent common shares on the TSX immediately preceding the issuance date; (ii) and the five (5) trading day VWAP of the Parent common shares on the TSX immediately preceding the issuance date;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(ii)</td><td valign="top">have an expiry date that is three (3) years and six (6) months from the date of issuance; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iii)</td><td valign="top">have the other terms and conditions set forth in the form of Warrant Certificate attached hereto as Schedule B.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">5.3 <div class="btag" style="display: inline; font-weight:bold;">Minimum Search &amp; Social Spend </div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Subject to Section 5.3(b), during the Initial Term, Mogo will spend a minimum of $1,125,000 per quarter on Search Marketing and Social Marketing, in the aggregate (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Minimum Search &amp; Social Spend</div>&#8221;).</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">If in any quarter, Mogo does not achieve the Minimum Search &amp; Social Spend, Mogo will pay to Postmedia the Search &amp; Social Management Fee applicable to the amount by which the Minimum Search &amp; Social Spend exceeds Mogo&#8217;s actual Search Marketing and Social Marketing spend in such quarter (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Shortfall Payment</div>&#8221;), which Shortfall Payment, for greater certainty, shall be payable in addition to the Search &amp; Social Management Fee applicable to Mogo&#8217;s actual Search Marketing and Social Marketing spend in such quarter.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak7d954bd4-7722-4c99-b37d-4f5d2fa2e133" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">12</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">5.4 <div class="btag" style="display: inline; font-weight:bold;">Search &amp; Social Management Fee</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Mogo will pay to Postmedia a management fee of 10% of the aggregate Search Marketing Costs and Social Marketing Costs (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Search &amp; Social Management Fee</div>&#8221;); provided, however, if Mogo spends $10,000,000 or more on Performance Marketing in a given year during the Initial Term, the Search &amp; Social Management Fee will be reduced from 10% to 7% on the amount by which Mogo&#8217;s actual Performance Marketing spend exceeds $10,000,000 in such year. For greater certainty, the Search &amp; Social Management Fee is included in the Minimum Search &amp; Social Spend and the total Performance Marketing spend for each calendar year.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">5.5 <div class="btag" style="display: inline; font-weight:bold;">Off Network Trade Desk Management Fee</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Mogo will pay to Postmedia a management fee equal to 20% of cost of the Off Network Programmatic Display Services (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Trade Desk Management Fee</div>&#8221;). For greater certainty, the cost of the Off Network Programmatic Display Services is not included in the Minimum Search &amp; Social Spend but is included in the total Performance Marketing spend for each calendar year. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">6. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">AUDIT AND INFORMATION RIGHTS</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">6.1 <div class="btag" style="display: inline; font-weight:bold;">Mogo Audit and Information Rights</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Within thirty (30) days of the end of each quarter, Postmedia will deliver to Mogo a Promotional Value Statement. Mogo may request an independent audit of Promotional Value Statements at its own expense once every year to be conducted on at least two week&#8217;s written notice to Postmedia, such audit to be conducted during normal business hours, on Postmedia&#8217;s premises, and shall be limited to records relating specifically to the Promotional Value Statements. If the audit discloses an over-reporting of Promotional Value of more than 5% of actual, Postmedia will be required to reimburse the cost of the audit to Mogo.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">If an audit discloses any over-reporting of Promotional Value, Postmedia will provide Mogo with Promotional Value equal to such shortfall in the current or a subsequent period (at Mogo&#8217;s commercially reasonable election), in addition to the Minimum Promotional Value in respect of such current or subsequent period.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">If more than two audits disclose material over-reporting of Promotional Value, then Mogo will have the right to immediately terminate this Agreement pursuant to Section 7.2(a).</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak45709357-73a2-4d61-87af-21bfb7bdc2a9" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">13</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">7. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">TERM AND TERMINATION</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">7.1 <div class="btag" style="display: inline; font-weight:bold;">Term</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Subject to earlier termination in accordance with Section 7.2, the term of this Agreement shall commence as of the Effective Date and will continue until December 31, 2022 (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Initial Term</div>&#8221;).</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">7.2 <div class="btag" style="display: inline; font-weight:bold;">Early Termination</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Termination for Breach</div></div><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;"></div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Either Party is entitled to terminate this Agreement immediately upon written notice to the other Party, if the other Party has committed a material breach of its obligations under this Agreement and has failed to cure such breach within thirty (30) days of having been provided a written notice from the non-defaulting Party notifying it of such breach and demanding that such breach be cured. If a Party elects to terminate this Agreement under this clause, the Termination Date shall be the date on which such termination notice is provided and, on the Termination Date:</div></td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">all commitments of Postmedia with respect to the Services and the Performance Marketing to be provided in respect of the period after the Termination Date shall cease;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top">(ii)</td><td valign="top">Revenue Sharing Payments to Postmedia will cease in respect of the quarter following the quarter in which the Termination Date falls, and all subsequent quarters;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top">(iii)</td><td valign="top">any amounts owing in respect of the Performance Marketing pursuant to Section 4.5(c) as of such Termination Date that remain outstanding will be due and payable in accordance with the terms of Section 4.5(c); and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top">(iv)</td><td valign="top">all Mogo Warrants which have not vested on or prior to the Termination Date will expire, but only if Mogo is the Party electing to terminate this Agreement pursuant to this Section 7.2(a).</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 45px; text-align: justify;">However, any such termination for breach will not relieve the defaulting Party of any liability to indemnify the non-defaulting Party for such breach as contemplated in Article 12.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak6035eaf5-5fe1-4648-adbd-a8ae88a1f62c" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">14</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(b)</td><td valign="top"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Mogo Termination for Change in Postmedia</div></div><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;"></div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Mogo is entitled to terminate this Agreement by providing Postmedia with written notice at any time after the unique monthly visits, as reported by ComScore.com (or any successor entity thereto), in each case with such calculation being made in as similar a manner as possible to the method used to perform such calculation by ComScore.com on the Effective Date, to the digital properties operated by the Postmedia Network drops below:</div></td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(1)</td><td valign="top">7.5 million, on an aggregate basis;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(2)</td><td valign="top">1 million in British Columbia; or</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(3)</td><td valign="top">3 million in Ontario.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 45px;text-align:justify;">If Mogo elects to terminate this Agreement under this clause, the Termination Date shall be the end of the quarter following the quarter in which such notice is provided and, on the Termination Date all commitments of Postmedia with respect to the Services and Performance Marketing to be provided in respect of the period after the Termination Date shall cease, Revenue Sharing Payments to Postmedia will cease in respect of the quarter following the quarter in which the Termination Date falls, any amounts owing in respect of the Performance Marketing pursuant to Section 4.5(c) as of such Termination Date that remain outstanding will be due and payable in accordance with the terms of Section 4.5(c), and all subsequent quarters and all Mogo Warrants which have not vested on or prior to the Termination Date will expire.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(c)</td><td valign="top"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Mogo Termination for Convenience</div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Mogo is entitled to terminate this Agreement at any time by providing sixty (60) days written notice to Postmedia. If Mogo elects to terminate this Agreement under this clause, the Termination Date shall be the end of the quarter following the 60<sup>th</sup> day after which such notice was given and, on the Termination Date:</div></td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">all commitments of Postmedia with respect to the Services and Performance Marketing to be provided in respect of the period after the Termination Date shall cease;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(ii)</td><td valign="top">Revenue Sharing Payments to Postmedia will cease in respect of the quarter following the quarter in which the Termination Date falls, and all subsequent quarters, with the exception that Mogo will pay to Postmedia a single payment on the Termination Date equal to the Revenue Sharing Payments that would have been due in respect of the quarter following the quarter in which the Termination Date falls, and all subsequent quarters during the Initial Term and the Tail Period if this Agreement had not been terminated, multiplied by a factor of 1.3;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iii)</td><td valign="top">any amounts owing in respect of the Performance Marketing pursuant to Section 4.5(c) as of such Termination Date that remain outstanding will be due and payable in accordance with the terms of Section 4.5(c); and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iv)</td><td valign="top">all Mogo Warrants will continue to vest and be exercisable in accordance with their terms.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakbe390cbe-1168-4205-ba78-14f1f8b286b5" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">15</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">(d) </div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Insolvency</div></div><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;"></div></div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Either Party is entitled to terminate this Agreement immediately upon written notice to the other Party, if any order is made for the dissolution, liquidation or winding-up of the other Party, or if the other Party is determined to be bankrupt or insolvent, or any application, petition, proposal or proceeding is made, filed or taken by or against the other Party with respect to the bankruptcy, insolvency, dissolution, liquidation or winding-up, or proceedings under the <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Companies&#8217; Creditors Arrangement Act</div></div>(Canada), of the other Party, or a conservator, custodian, liquidator, manager, receiver, trustee or any other officer with similar powers is appointed for the other Party or any of its undertaking, property or assets. If a Party elects to terminate this Agreement under this clause, the Termination Date shall be the date on which such notice is provided and, on the Termination Date:</div></td></tr></table>&nbsp; <div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">all commitments of Postmedia with respect to the Services and Performance Marketing to be provided in respect of the period after the Termination Date shall cease;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(ii)</td><td valign="top">Revenue Sharing Payments to Postmedia will cease in respect of the quarter following the quarter in which the Termination Date falls, and all subsequent quarters;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iii)</td><td valign="top">any amounts owing in respect of the Performance Marketing pursuant to Section 4.5(c) as of such Termination Date that remain outstanding will be due and payable in accordance with the terms of Section 4.5(c); and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iv)</td><td valign="top">all Mogo Warrants which have not vested on or prior to the Termination Date will expire, but only if Mogo is the Party electing to terminate this Agreement pursuant to this Section 7.2(d).</td></tr></table>&nbsp; <div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(e)</td><td valign="top"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Survival for Enforcement</div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Despite termination of this Agreement, any provisions of this Agreement which pertain to circumstances after the termination of this Agreement shall remain effective to the extent required by their terms. </div></td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreaka4e8070e-0b63-4384-8e45-7f5cd39f504c" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">16</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">8. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">EXCLUSIVITY</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">8.1 <div class="btag" style="display: inline; font-weight:bold;">Postmedia&#8217;s relations with Mogo and Mogo Competitors</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Notwithstanding any provisions to the contrary in this Agreement, Postmedia will be permitted to solicit and accept advertisements from Mogo Competitors and Postmedia has no editorial restrictions on any content referring to Mogo, Mogo Competitors or the market that Mogo operates in, or any other matter. The Parties acknowledge that the Postmedia Network operates with editorial independence from any commercial agreements between the Parties now or in the future. Accordingly, Mogo waives all rights to claims it may have under this Agreement against Postmedia or any of its Affiliates for any actions or omissions of the editors or journalists of or engaged by Postmedia or any of its Affiliates.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">Without the prior written consent of Mogo, during the Initial Term, Postmedia will not enter into any agreement with a Mogo Competitor in respect of a strategic arrangement involving the provision by Postmedia of advertising services in respect of a Competing Service in exchange for either (i) a revenue sharing interest, on a percentage basis, in the gross revenues of such Mogo Competitor or business unit of such Mogo Competitor, or (ii) equity, or right to acquire equity, in such Mogo Competitor.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">9. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">INTELLECTUAL PROPERTY AND LICENSES</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">9.1 <div class="btag" style="display: inline; font-weight:bold;">Ownership</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">All Intellectual Property of a Party shall remain such Party&#8217;s exclusive property and all right, title, and interest in the same is reserved by each of the Parties.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">9.2 <div class="btag" style="display: inline; font-weight:bold;">Intellectual Property Licenses </div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Postmedia&#8217;s Intellectual Property</div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"></td><td valign="top">Postmedia hereby grants to Mogo a worldwide, non-exclusive, royalty free, non-sublicensable, non-transferable license to use, reproduce, store, distribute, publicly display, publicly perform and publish and make derivative works of the Creative Works for Third Party Marketing, subject to any third party licensing restrictions attached to the Creative Works. Mogo agrees that it shall immediately cease using any Creative Works upon notice from Postmedia that such Creative Works are or are likely to become the subject of a third party intellectual property infringement or other third party claim.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top"><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">Mogo&#8217;s Intellectual Property</div></div><div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;"></div></div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"></td><td valign="top">Mogo hereby grants to Postmedia a worldwide, non-exclusive, royalty free license to use, reproduce, store, distribute, publicly display, publicly perform and publish and make derivative works of Mogo&#8217;s Intellectual Property (including without limitation the Branding Materials) for the purpose of performing its obligations under this Agreement.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp; </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak5736fb1d-df1f-4b4a-9ca1-4e58f7b56890" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">17</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">10. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">DATA AND DATA ANALYTICS</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Customer Data shall remain the sole and exclusive property of Mogo and Postmedia Analytical Data shall remain the sole and exclusive property of Postmedia.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">Subject to Applicable Laws, Mogo will provide Customer Data relating to Acquired Customers for the purposes of Postmedia&#8217;s own research, tracking and analytical purposes.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">Mogo will use commercially reasonable efforts to provide Mogo Analytical Data regarding the effectiveness of the Campaigns to Postmedia, such data to be provided to Postmedia on a perpetual, non-sublicensable, non-transferable, non-exclusive and royalty free basis.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">Postmedia will use commercially reasonable efforts to provide Mogo with data showing the effectiveness of the Campaigns, including awareness, reach, geographic effectiveness and other information that may reasonably be requested by Mogo from time to time.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">Each Party shall, upon request, provide the other Party with technical and other information that is necessary for the other Party to perform its obligations in respect of this Agreement.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(f)</td><td valign="top">Postmedia will track, and report to Mogo on a weekly basis, the Services provided during the prior week, as well as the Postmedia Contact Points deployed in the prior week. </td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(g)</td><td valign="top">On a monthly basis, Mogo will track and report to Postmedia the relevant Postmedia Contact Point Data in regards to the Postmedia Contact Points deployed in the prior month.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(h)</td><td valign="top">On a weekly basis, each Party will track and report to the other Party, as applicable, the relevant Postmedia Analytical Data and Mogo Analytical Data, as applicable, relating to the Services and Campaigns then being carried out, in order to enable the Designated Representatives to coordinate the day-to-day alignment of marketing planning activities, including adjustments to, and more detailed implementation of, the Campaigns and the Quarterly Marketing Plans.</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(i)</td><td valign="top">All Mogo Analytical Data and Postmedia Contact Point Data provided by Mogo to Postmedia under this Agreement shall be provided on a perpetual, non-exclusive, non-sublicensable, non-transferable, and royalty free basis. All Postmedia Analytical Data provided by Postmedia to Mogo under this Agreement shall be provided on a perpetual, non-exclusive, non-sublicensable, non-transferable, non-exclusive and royalty free basis.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak2407de21-ea38-4883-9014-abb2b79f041d" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">18</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">11. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">REPRESENTATIONS, WARRANTIES AND COVENANTS</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">11.1 <div class="btag" style="display: inline; font-weight:bold;">Postmedia Representations and Warranties</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Postmedia represents and warrants that:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">it is an entity duly constituted and validly subsisting under the laws of its jurisdiction of formation and has all requisite power, legal capacity and authority to enter into this Agreement and to perform its obligations in accordance with the terms of this Agreement;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">this Agreement has been duly authorized, executed and delivered and is a valid and binding agreement enforceable against Postmedia in accordance with its terms and conditions;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">the performance of Postmedia&#8217;s obligations hereunder will not violate, nor be in conflict with, any provision of Postmedia&#8217;s constating documents, or any agreement or instrument to which Postmedia is a party or by which it is bound, or any judgment, decree, order, statute, rule or regulation applicable to Postmedia; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">it shall comply with all Applicable Laws in the performance of its obligations under this Agreement.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">11.2 <div class="btag" style="display: inline; font-weight:bold;">Mogo Representations and Warranties</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Mogo represents and warrants that:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">it is an entity duly constituted and validly subsisting under the laws of its jurisdiction of formation and has all requisite power, legal capacity and authority to enter into this Agreement and to perform its obligations in accordance with the terms of this Agreement;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">this Agreement has been duly authorized, executed and delivered and is a valid and binding agreement enforceable against Mogo in accordance with its terms and conditions;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">the Branding Materials and any other material provided to Postmedia for inclusion in the Creative Works will not infringe any patents, copyrights, trade secrets, trade-marks, or other intellectual property rights of any third party;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">the performance of Mogo&#8217;s obligations hereunder will not violate, nor be in conflict with, any provision of Mogo&#8217;s constating documents, or any agreement or instrument to which Mogo is a party or by which it is bound, or any judgment, decree, order, statute, rule or regulation applicable to Mogo;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">it shall comply with all Applicable Laws in the performance of its obligations under this Agreement; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(f)</td><td valign="top">it is not currently subject to any banking regulatory Governing Body, including the Governing Body from time to time governing the <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Bank Act</div></div>(Canada).</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak9ca31376-8c94-4836-86f9-b9db454b06bd" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">19</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">11.3 <div class="btag" style="display: inline; font-weight:bold;">Parent Representations and Warranties</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Parent represents and warrants that:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">it is an entity duly constituted and validly subsisting under the laws of its jurisdiction of formation and has all requisite power, legal capacity and authority to enter into this Agreement and to perform its obligations in accordance with the terms of this Agreement (including the Warrant Certificate);</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">this Agreement (including the Warrant Certificate) has been duly authorized, executed and delivered and is a valid and binding agreement enforceable against Parent in accordance with its terms and conditions;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">the performance of Parent&#8217;s obligations hereunder, including the issuance and delivery of the Mogo Warrants and the issuance of Parent common shares upon the due exercise of the Mogo Warrants, will not violate, nor be in conflict with, any provision of Parent&#8217;s constating documents, or any agreement or instrument to which Parent is a party or by which it is bound, or any judgment, decree, order, statute, rule or regulation applicable to Parent;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">it shall comply with all Applicable Laws in the performance of its obligations under this Agreement; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">it is not currently subject to any banking regulatory Governing Body, including the Governing Body from time to time governing the <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Bank Act</div></div>(Canada).</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">12. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">INDEMNIFICATION</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">Each Party assumes all liability for and shall indemnify, defend and hold harmless the other Party, the other Party&#8217;s Affiliates and their respective directors, officers, employees, agents and representatives (the &#8220; <div class="btag" style="display: inline; font-weight:bold;">Indemnitees</div>&#8221;) from and against any and all claims, losses or damages suffered by the Indemnitees as a result of: </td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(i)</td><td valign="top">its negligence, fraud or willful misconduct or that of its Affiliates and its and their respective directors, officers, employees, agents and representatives;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(ii)</td><td valign="top">any breach or inaccuracy of any of its representations and warranties contained in this Agreement, the Warrant Certificate or any certificate, agreement or other instrument delivered in connection herewith or therewith;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iii)</td><td valign="top">any breach or violation of any of its covenants, undertakings or other agreements contained in this Agreement, the Warrant Certificate or any certificate, agreement or other instrument delivered in connection herewith or therewith;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak08206e34-cf77-4699-8695-3f7dbff27c35" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">20</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(iv)</td><td valign="top">any breach or infringement by it of any third party privacy rights; </td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(v)</td><td valign="top">any infringement by it of any third party Intellectual Property rights (excluding, in the case of Postmedia&#8217;s indemnification obligations, any claims related to the Branding Materials or other materials supplied by Mogo to Postmedia for inclusion in the Creative Works); and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" style="width:4%;">(vi)</td><td valign="top">any use of the Creative Works, or any component thereof, contrary to any licensing restrictions or limitation communicated by the other Party at the time the Creative Works, or component thereof, was supplied by the other Party; and</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">Under no circumstance shall either Party, or its Affiliates, be liable to the other Party, its Affiliates or any other Person or entity under or in respect of this Agreement for special, incidental, consequential, punitive, exemplary or indirect damages, loss of goodwill or business profits, work stoppage, data loss or computer failure or malfunction.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">13. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">PUBLICITY AND CONFIDENTIALITY</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">13.1 <div class="btag" style="display: inline; font-weight:bold;">Acknowledgement</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Postmedia acknowledges that this Agreement may constitute a material contract for Parent and, as a result, forthwith following execution of this Agreement Parent will be issuing a press release describing its terms and conditions and will be filing a copy of this Agreement on SEDAR and Edgar. Parent will provide Postmedia with a reasonable opportunity to redact portions of this Agreement as permitted by Applicable Laws prior to the public filing of this Agreement.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">13.2 <div class="btag" style="display: inline; font-weight:bold;">Confidentiality</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Other than as otherwise contemplated by this Agreement, each Party (a &#8220; <div class="btag" style="display: inline; font-weight:bold;">Receiving Party</div>&#8221;) agrees that it shall only use Confidential Information for the purposes of carrying out the transactions contemplated by, and giving effect to, this Agreement and shall maintain as confidential and shall not disclose, and shall cause its Affiliates, and its and their respective employees, officers, directors, advisors, agents and representatives to maintain as confidential and not to disclose any information which a reasonable person would expect to be confidential in nature obtained by a Receiving Party from the other Party or its Affiliates or any of its and their respective employees, officers, directors, advisors, agents and representatives in the course of carrying-out the terms of this Agreement (collectively, &#8220; <div class="btag" style="display: inline; font-weight:bold;">Confidential Information</div>&#8221;), provided that a Receiving Party, or its Affiliates, and its and their respective employees, officers, directors, advisors, agents and representatives, may use or disclose Confidential Information in the following circumstances:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">to its auditor, legal counsel, lenders, brokers, underwriters and investment bankers and to persons with which it or any of its Affiliates is considering or intends to enter into a transaction for which such Confidential Information would be relevant;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak82c9a384-532e-422e-b7f3-b5c8bfaa85e0" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">21</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">where that disclosure by it or its Affiliates is necessary to comply with Applicable Law, including disclosure obligations under applicable securities laws or the requirements of any stock exchange on which the securities of the Receiving Party or its Affiliates may be listed or posted for trading at such time, provided such disclosure is limited to only the Confidential Information so required to be disclosed and that the Receiving Party will have availed itself of the full benefits of Applicable Law as to disclosure on a confidential basis to which it may reasonably be entitled;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(c)</td><td valign="top">for the purposes of any arbitration proceedings commenced under Section 14.1 or any judicial proceeding before a court of competent jurisdiction related to this Agreement;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(d)</td><td valign="top">where (i) such information is already widely known by the public other than by breach of the terms of this Section 13.2, (ii) is publicly disclosed by the other Party, or is known to the Receiving Party prior to the entry into of this Agreement, or (iii) information that is furnished to the Receiving Party by a third party who, to the knowledge of the Receiving Party has rightfully obtained the Confidential Information without restriction on disclosure, including information which becomes available to any of Postmedia&#8217;s print, on-line and/or other editorial departments and/or news rooms;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(e)</td><td valign="top">with the prior written consent of the other Party; and</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(f)</td><td valign="top">to its Affiliates and those of its and its Affiliates&#8217; directors, officers, employees, representatives and agents who need to have knowledge of the Confidential Information in order to (i) carry out the terms of this Agreement, or (ii) in connection with any reporting requirements of a Party or its Affiliates under Applicable Law.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Each Party shall ensure that its and its Affiliates&#8217; employees, directors, officers, representatives and agents, including those parties contemplated in Section 13.2(a) who come into possession of Confidential Information, are made aware of this Article 13 and comply with the provisions hereof. </div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">13.3 <div class="btag" style="display: inline; font-weight:bold;">Coordination of Announcements and Disclosure</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Each of the Parties will consult with each other before any Party or its Affiliates issues any press release or otherwise makes any public disclosure regarding this Agreement or the transactions contemplated hereby and shall not, and shall cause its Affiliates to not, issue any such press release or make any such public disclosure before receiving the consent of the other Party, provided however, that nothing in this Section 13.3 shall prohibit any Party or its Affiliates from making a press release or other disclosure required by Applicable Law or by the policies of any stock exchange on which the securities of such Party or its Affiliates are then listed or posted for trading if the Party or its Affiliate making the disclosure has first consulted with the other Party hereto.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakef3b0840-fd74-4ebf-a1c3-b8dd6f3586f5" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">22</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">14. <div class="utag" style="display: inline; text-decoration:underline;"><div class="utag" style="display: inline; text-decoration:underline;">GENERAL</div></div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.1 <div class="btag" style="display: inline; font-weight:bold;">Dispute Resolution</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">All disputes and questions whatsoever which shall arise between any of the Parties in connection with this Agreement, or the construction or application thereof or any Section or thing contained in this Agreement or as to any act, deed or omission of any Party or as to any other matter in any way relating to this Agreement, shall be resolved by arbitration. Such arbitration shall be conducted by three arbitrators, one to be selected by each Party and the third arbitrator to be selected by agreement of the two arbitrators selected by the Parties. Unless otherwise agreed to by the Parties, the arbitration shall be held in the City of Toronto. The procedure to be followed shall be agreed to by the Parties or, in default of such agreement, determined by the arbitrators. The arbitration shall proceed in accordance with the provisions of the <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Arbitration Act, 1991</div></div>(Ontario). The arbitrators shall have the power to proceed with the arbitration and to deliver their award notwithstanding the default by any Party in respect of any procedural order made by the arbitrator. The decision arrived at by the arbitrators shall be final and binding and no appeal shall lie therefrom. Judgment upon the award rendered by the arbitrators may be entered in any court having jurisdiction.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.2 <div class="btag" style="display: inline; font-weight:bold;">Notices</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">All notices or other communications between the Parties under this Agreement must be in writing and given to the receiving Party either personally (including by courier) or by e-mail, at the address and e-mail address for each Party set out below or at any other address or e-mail address or to the attention of any other person of which a Party notifies the other Party in accordance with this Section.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:justify;">If to Postmedia:</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">Postmedia Network Inc.<br>365 Bloor Street East, 12<sup>th</sup> Floor<br>Toronto, ON M4W 3L4<br>amacleod@postmedia.com<br>Attention: Andrew MacLeod, President and Chief Operating Officer</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">with a copy to:<br>Gillian Akai, EVP, General Counsel and Corporate Secretary<br>legal@postmedia.com </div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">If to Mogo:</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">Mogo Finance Technology Inc.<br>2100-401 West Georgia Street<br>Vancouver, BC V6B 5A1<br>greg.feller@mogo.ca <br>Attention: Gregory Feller, President and Chief Financial Officer</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">with a copy to:<br>Alice Davidson, Vice President and General Counsel<br>alice.davidson@mogo.ca </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakc77c2a35-02ce-47fd-b986-66cd67468e33" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">23</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:justify;">If to Parent:</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">Mogo Inc.<br>2100-401 West Georgia Street<br>Vancouver, BC V6B 5A1<br>greg.feller@mogo.ca <br>Attention: Gregory Feller, President and Chief Financial Officer</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px 0px 0px 90px;text-align:left;">with a copy to:<br>Alice Davidson, Vice President and General Counsel<br>alice.davidson@mogo.ca </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">All notices or other communications will be considered to have been provided when: (a) in the case of personal delivery or delivery by courier, when delivered; (b) in the case of e-mail, on the next business day after which it has been sent, provided that the sender has not received a reply e-mail indicating that an error in delivery occurred or that the recipient is away (&#8220;out of office&#8221;).</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.3 <div class="btag" style="display: inline; font-weight:bold;">Currency</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">All references to currency are to Canadian Dollars.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.4 <div class="btag" style="display: inline; font-weight:bold;">Governing Law</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario and the applicable laws of Canada. Each Party submits to the exclusive jurisdiction of the courts of Ontario.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak37b11824-58da-4600-8f95-279de5d77243" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">24</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.5 <div class="btag" style="display: inline; font-weight:bold;">Entire Agreement</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">This Agreement sets forth the entire understanding between the Parties and supersedes all prior agreements, proposals, representations, warranties and all other communications between the Parties relating to the subject matter hereof, including the Term Sheet between the Parties dated on or about January 11, 2016 and the LOA. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.6 <div class="btag" style="display: inline; font-weight:bold;">Amendments</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">No amendments or modifications to this Agreement will be binding unless executed in writing by both of the Parties. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.7 <div class="btag" style="display: inline; font-weight:bold;">Waiver</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">No waiver of any provision of this Agreement shall be construed as a waiver of any other provision hereof nor shall such a waiver be construed as a continuing waiver. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.8 <div class="btag" style="display: inline; font-weight:bold;">Further Assurances</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">The Parties shall from time to time and at all times do such further acts and execute and deliver all further documents as required in order to fully perform and carry out the terms of this Agreement. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.9 <div class="btag" style="display: inline; font-weight:bold;">Expenses</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Except as otherwise expressly provided in this Agreement, each Party will bear its own travel, legal, accounting and other expenses in connection with the preparation, negotiation, execution and performance of this Agreement and the performance of its obligations under this Agreement.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.10 <div class="btag" style="display: inline; font-weight:bold;">Remedies</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Unless otherwise expressly provided in this Agreement, each Party&#8217;s rights and remedies specified in this Agreement are cumulative and are not exclusive of any other rights or remedies that a Party may have, whether under this Agreement, at law, in equity or otherwise.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.11 <div class="btag" style="display: inline; font-weight:bold;">Severability</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">If any clause or provision of this Agreement is declared invalid or unenforceable, the remainder of this Agreement will remain in full force and effect. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreaka794f11f-a16a-42bd-8534-8ef6cc553612" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">25</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.12 <div class="btag" style="display: inline; font-weight:bold;">Subcontracting</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Each Party may only subcontract the performance of its obligations under this Agreement with the express prior written permission of the other Party. Each Party shall be responsible for the work of its subcontractors to the same standard as stated in this Agreement.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.13 <div class="btag" style="display: inline; font-weight:bold;">Assignment</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">This Agreement may not be assigned by either Party except:</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" style="width:4%;">(a)</td><td valign="top">with the prior written consent of the other Party, such consent not to be unreasonably withheld or delayed;</td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top" style="width:4%;">(b)</td><td valign="top">in the case of a sale, transfer or assignment by a Party of all or substantially all of its assets, in which case the Party must include as a condition of such sale, transfer or assignment that the purchaser or assignor that holds such assets assumes and agrees to be bound by this Agreement, and in such case the consent of the other Party is not required.</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.14 <div class="btag" style="display: inline; font-weight:bold;">Force Majeure</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">Neither Party will be responsible for damages caused by delay or failure to perform undertakings under the terms of this Agreement when the delay or failure is due to fires, strikes, floods, acts of God or the Queen&#8217;s enemies, lawful acts of public authorities, or delays or defaults caused by common carriers, which cannot reasonably be foreseen or provided against.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.15 <div class="btag" style="display: inline; font-weight:bold;">Enurement</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">This Agreement will enure to the benefit of and be binding upon the Parties and their respective successors and permitted assigns. </div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">14.16 <div class="btag" style="display: inline; font-weight:bold;">Counterparts</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;">This Agreement may be executed in one or more counterparts and delivered by facsimile or electronic mail, each of which will be deemed an original, and all of which together constitute one and the same instrument.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;">[ <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Signature page follows</div></div>]</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak1e67111e-8ce9-4c2a-b431-397f344faea2" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">26</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:justify;"><div class="btag" style="display: inline; font-weight:bold;">IN WITNESS WHEREOF</div>, the Parties have duly executed this Agreement with effect as of the Effective Date.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td valign="top" colspan="2"><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">POSTMEDIA NETWORK INC.</div></div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" colspan="3"><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">MOGO FINANCE TECHNOLOGY INC.</div></div></td></tr><tr><td valign="top" style="width:5%;"></td><td valign="top" style="width:35%;"></td><td valign="top" style="width:10%;"></td><td valign="top" style="width:5%;"></td><td valign="top" style="width:35%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td style="width:10%;"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Per:</div></td><td style="BORDER-BOTTOM: 1px solid" valign="top"><em>/s/ Andrew MacLeod</em></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Per:</div></td><td style="BORDER-BOTTOM: 1px solid" valign="top"><em>/s/ Gregory Feller</em></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Name: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Andrew MacLeod</div></td><td valign="top"></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Name: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Gregory Feller</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Title: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">President &amp; CEO</div></td><td valign="top"></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Title: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">President &amp; CFO</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Per:</div></td><td style="BORDER-BOTTOM: 1px solid" valign="top"><em>/s/ Mary Anne Lavallee</em></td><td valign="top"></td><td valign="top"></td><td valign="top"></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Name: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Mary Anne Lavallee</div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top" colspan="2"><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><div class="btag" style="display: inline; font-weight:bold;">MOGO INC.</div></div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Title: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">EVP &amp; COO</div></td><td valign="top"></td><td valign="top"></td><td valign="top"></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"></td><td valign="top"></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Per:</div></td><td style="BORDER-BOTTOM: 1px solid" valign="top"><em>/s/ Gregory Feller</em></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"></td><td valign="top"></td><td valign="top"></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Name: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Gregory Feller</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr><tr><td valign="top"></td><td valign="top"></td><td valign="top"></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">Title: </div></td><td valign="top"><div class="pdiv" style="MARGIN: 0px; text-align: justify;">President &amp; CFO</div></td><td><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div></td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">Signature page to Second Amended and Restated Marketing Collaboration Agreement</div></div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreak451a211d-97e6-4256-a1e5-c6dc829aedc1" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">27</td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"></div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">SCHEDULE A</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">QUARTERLY MARKETING PLAN PROMOTIONAL VALUE ALLOCATION</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">Table referred to in the definition of &#8220;Mogo Rate Card&#8221;.</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">[TABLE REFERRED TO IN DEFINITION OF "MOGO RATE CARD" REDACTED]</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px; text-align: justify;"><table id="pagebreakdfdcb6d3-59e9-4c6f-8752-a2390d28491f" class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px"></td></tr><tr><td><div style="WIDTH: 100%; PAGE-BREAK-AFTER: always; LINE-HEIGHT: 0px"><div class="pdiv" style=" text-align: justify;"></div>&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">SCHEDULE B</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight:bold;">WARRANT CERTIFICATE</div></div><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:center;">( <div class="itag" style="display: inline; font-style:italic;"><div class="itag" style="display: inline; font-style:italic;">See attached</div></div>)</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;">&nbsp;</div><div class="pdiv" style="MARGIN: 0px;text-align:left;"><table class="pagebreak" style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr">&nbsp;</td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px"></td></tr></table><div class="pdiv" style="MARGIN: 0px; text-align: justify;">&nbsp;</div><div class="pdiv" style=" text-align: justify;"></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div><div></div></body></body></html>
</TEXT>
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<DOCUMENT>
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end
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
