<SEC-DOCUMENT>0001477932-20-001205.txt : 20200310
<SEC-HEADER>0001477932-20-001205.hdr.sgml : 20200310
<ACCEPTANCE-DATETIME>20200309202221
ACCESSION NUMBER:		0001477932-20-001205
CONFORMED SUBMISSION TYPE:	6-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20200309
FILED AS OF DATE:		20200310
DATE AS OF CHANGE:		20200309

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:		20699639

	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%"><body style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman; MARGIN: 0px 7%"><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="1" width="100%" border="0"><tr><td style="BORDER-BOTTOM: 5px solid"></td></tr><tr><td style="BORDER-BOTTOM: 2px solid"></td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;"><div class="font" style="display: inline; font-size:12pt;"><div class="btag" style="display: inline; font-weight: bold">UNITED STATES</div></div></div><div style="MARGIN: 0px;text-align:center;"><div class="font" style="display: inline; font-size:12pt;"><div class="btag" style="display: inline; font-weight: bold">SECURITIES AND EXCHANGE COMMISSION</div></div></div><div style="MARGIN: 0px;text-align:center;"><div class="font" style="display: inline; font-size:12pt;"><div class="btag" style="display: inline; font-weight: bold">Washington, D.C. 20549</div></div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold"><div class="font" style="display: inline; font-size:18pt;">FORM 6-K</div></div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-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 style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold">UNDER THE SECURITIES EXCHANGE ACT OF 1934</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;">For the month of <div class="btag" style="display: inline; font-weight: bold">March 2020</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-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 style="MARGIN: 0px;text-align:center;">&nbsp;</div><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; margin: auto;align:center;" cellspacing="0" cols="3" cellpadding="0" width="50%" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid"><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold"><div class="font" style="display: inline; font-size:18pt;">Mogo Inc.</div></div></div></td></tr><tr><td><div style="MARGIN: 0px;text-align:center;">(formerly known as Mogo Finance Technology Inc.)</div></td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold">2100-401 West Georgia St.</div></div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold">Vancouver, British Columbia</div></div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold"><div class="utag" style="display: inline; text-decoration: underline">V6B 5A1, Canada</div></div></div><div style="MARGIN: 0px;text-align:center;">(<div class="itag" style="display: inline; font-style: italic">Address of principal executive office</div>s)</div><div style="MARGIN: 0px;text-align:center;">&nbsp;</div><div 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 style="MARGIN: 0px;">&nbsp;</div><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td style="width:25%;"><div style="MARGIN: 0px;">&nbsp;</div></td><td style="width:25%;"><div style="MARGIN: 0px;text-align:center;"><div class="font" style="display: inline; font-family:Wingdings;">x </div>Form 20-F<div class="font" style="display: inline; font-family:Wingdings;"></div></div></td><td style="width:25%;"><div style="MARGIN: 0px;text-align:center;"><div class="font" style="display: inline; font-family:Wingdings;">o </div>Form 40-F<div class="font" style="display: inline; font-family:Wingdings;"></div></div></td><td style="width:25%;"></td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><div 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 class="font" style="display: inline; font-family:Wingdings;">o</div></div><div style="MARGIN: 0px;">&nbsp;</div><div 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 class="font" style="display: inline; font-family:Wingdings;">o</div></div><div style="MARGIN: 0px;text-align:center;">&nbsp;</div><table style="FONT-SIZE: 1px" cellspacing="0" cellpadding="1" width="100%" border="0"><tr><td style="BORDER-BOTTOM: 2px solid"></td></tr><tr><td style="BORDER-BOTTOM: 5px solid"></td></tr></table><table 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="PAGE-BREAK-AFTER: always; MARGIN: 0px;">&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold">SIGNATURES</div></div><div style="MARGIN: 0px;">&nbsp;</div><div 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 style="MARGIN: 0px;">&nbsp;</div><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; margin: auto;align:center;" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td><div style="MARGIN: 0px;">&nbsp;</div></td><td colspan="2"><div style="MARGIN: 0px;"><div class="btag" style="display: inline; font-weight: bold">Mogo Inc.</div></div></td><td></td></tr><tr><td style="width:50%;"></td><td style="width:3%;">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </td><td style="width:35%;"></td><td style="width:12%;"><div style="MARGIN: 0px;">&nbsp;</div></td></tr><tr><td><div style="MARGIN: 0px;">Date: March 9, 2020</div></td><td><div style="MARGIN: 0px;">By:</div></td><td style="BORDER-BOTTOM: black 1px solid"><div style="MARGIN: 0px;"><div class="itag" style="display: inline; font-style: italic">/s/ Gregory Feller</div></div></td><td></td></tr><tr><td></td><td><div style="MARGIN: 0px;">&nbsp;</div></td><td><div style="MARGIN: 0px;">Name: Gregory Feller</div></td><td></td></tr><tr><td></td><td><div style="MARGIN: 0px;">&nbsp;</div></td><td><div style="MARGIN: 0px;">Title: President &amp; Chief Financial Officer</div></td><td></td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><table 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="PAGE-BREAK-AFTER: always; MARGIN: 0px;">&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold">Form 6-K Exhibit Index</div></div><div style="MARGIN: 0px;">&nbsp;&nbsp;</div><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN; margin: auto;align:center;" cellspacing="0" cols="3" cellpadding="0" width="100%" border="0"><tr><td style="BORDER-BOTTOM: black 1px solid;width:9%;"><div style="MARGIN: 0px;"><div class="btag" style="display: inline; font-weight: bold">Exhibit Number</div></div></td><td style="width:2%;"><div style="MARGIN: 0px;">&nbsp;</div></td><td style="BORDER-BOTTOM: black 1px solid" valign="bottom"><div style="MARGIN: 0px;"><div class="btag" style="display: inline; font-weight: bold">Document Description</div></div></td></tr><tr><td><div style="MARGIN: 0px;">&nbsp;</div></td><td><div style="MARGIN: 0px;">&nbsp;</div></td><td><div style="MARGIN: 0px;">&nbsp;</div></td></tr><tr style="background-color:#cceeff;"><td valign="top"><div style="MARGIN: 0px;text-align:left;"><a href="mogo_ex991.htm">99.1</a></div></td><td><div style="MARGIN: 0px;">&nbsp;</div></td><td><div style="MARGIN: 0px;"><a href="mogo_ex991.htm">Material change report dated March 9, 2020 regarding a three-year lending partnership with goeasy Ltd., the sale of a $31.9 million Liquid loan portfolio and repayment of related credit facility.</a></div></td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><table style="TEXT-ALIGN: justify; FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"></table><table style="FONT: 10pt TIMES NEW ROMAN" cellspacing="0" cellpadding="0" width="100%" border="0"><tr><td class="hpbhr"><div style="MARGIN: 0px;">&nbsp;</div></td></tr><tr><td style="BORDER-BOTTOM: black 1px solid; TEXT-ALIGN: center; TEXT-INDENT: 0px">3</td></tr></table><div style="MARGIN: 0px;">&nbsp;</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%"><body style="TEXT-ALIGN: justify; FONT: 10pt Times New Roman; MARGIN: 0px 7%"><div style="MARGIN: 0px;text-align:right;"><div class="btag" style="display: inline; font-weight: bold">EXHIBIT 99.1</div></div><div style="MARGIN: 0px;text-align:center;">&nbsp;</div><div style="MARGIN: 0px;text-align:center;"><div class="btag" style="display: inline; font-weight: bold">Form 51-102F3</div></div><div style="MARGIN: 0px;text-align:center;"><div class="itag" style="display: inline; font-style: italic"><div class="btag" style="display: inline; font-weight: bold">Material Change Report</div></div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 1. Name and Address of Company</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;">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>")</div><div style="MARGIN: 0px;text-align:left;">2100 &#8211; 401 West Georgia Street</div><div style="MARGIN: 0px;text-align:left;">Vancouver, British Columbia</div><div style="MARGIN: 0px;text-align:left;">V6B 5A1</div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 2. Date of Material Change</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;">February 28, 2020</div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 3. News Release</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">A news release was disseminated on February 28, 2020 via Canada Newswire.</div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 4. Summary of Material Change</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">The Company has announced a three-year lending partnership with goeasy Ltd. (TSX:GSY) (&#8220;goeasy&#8221;), as well as the sale of the majority of its MogoLiquid loan portfolio (&#8220;MogoLiquid Portfolio&#8221;) to goeasy, consistent with Mogo&#8217;s strategic plan to reduce its on balance sheet lending and focus on leveraging its </div><div class="font" style="display: inline; color:black;">proprietary digital lending platform to originate loans for key partners. </div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">The lending partnership builds on a successful pilot program with goeasy, which commenced in October 2019. Through Mogo&#8217;s digital platform, consumers can quickly download the Mogo app, get a no-obligation pre-approval (for up to $35,000 with terms of up to 5 years), customize their loan, and complete the loan agreement all in minutes. Once approved, certain Mogo members will have their loan funded by goeasy&#8217;s operating division, easyfinancial, a leading provider of unsecured and secured non-prime consumer loans. Loan customers will continue to manage their loan through the Mogo app. Mogo will receive compensation from easyfinancial for any loans funded by easyfinancial, while easyfinancial will have ownership of these loans. The partnership allows Mogo to generate additional fee-based subscription &amp; services revenue.</div><div class="font" style="display: inline; color:black;"></div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">In addition to the lending partnership, the companies announced that goeasy has acquired the MogoLiquid Portfolio for total gross consideration of $31.9 million. Mogo will also be eligible for an additional performance-based payment of up to $1.5 million over the term of the agreement upon achieving certain agreed-upon annual origination amounts under the lending partnership. </div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">The proceeds of the sale will be used to repay one of Mogo&#8217;s credit facilities which has an outstanding balance of approximately $28.7 million with the remaining proceeds used to further strengthen Mogo&#8217;s balance sheet and support its growth initiatives.</div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">Mogo has also agreed to issue 306,842 common shares (the "Prepayment Shares") to the lender as part of a prepayment cost payable under the credit agreement. The Prepayment Shares are being issued at a price of $3.259 per Prepayment Share, being the five-day volume-weighted average trading price of Mogo's common shares as of the close of trading on February 27, 2020.</div><div style="MARGIN: 0px;">&nbsp;</div><table 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="PAGE-BREAK-AFTER: always; MARGIN: 0px;">&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="btag" style="display: inline; font-weight: bold">Item 5. Full Description of Material Change</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">5.1 Full Description of Material Change</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">The Company has announced a three-year lending partnership with goeasy, as well as the sale of the majority of its MogoLiquid Portfolio to goeasy, consistent with Mogo&#8217;s strategic plan to reduce its on balance sheet lending and focus on leveraging its </div><div class="font" style="display: inline; color:black;">proprietary digital lending platform to originate loans for key partners. </div></div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">The lending partnership builds on a successful pilot program with goeasy, which commenced in October 2019. Through Mogo&#8217;s digital platform, consumers can quickly download the Mogo app, get a no-obligation pre-approval (for up to $35,000 with terms of up to 5 years), customize their loan, and complete the loan agreement all in minutes. Once approved, certain Mogo members will have their loan funded by goeasy&#8217;s operating division, easyfinancial, a leading provider of unsecured and secured non-prime consumer loans. Loan customers will continue to manage their loan through the Mogo app. Mogo will receive compensation from easyfinancial for any loans funded by easyfinancial, while easyfinancial will have ownership of these loans. The partnership allows Mogo to generate additional fee-based subscription &amp; services revenue.</div><div class="font" style="display: inline; color:black;"></div></div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">In addition to the lending partnership, the companies announced that goeasy has acquired the MogoLiquid Portfolio for total gross consideration of $31.9 million. Mogo will also be eligible for an additional performance-based payment of up to $1.5 million over the term of the agreement upon achieving certain agreed-upon annual origination amounts under the lending partnership. </div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">The proceeds of the sale will be used to repay one of Mogo&#8217;s credit facilities which has an outstanding balance of approximately $28.7 million with the remaining proceeds used to further strengthen Mogo&#8217;s balance sheet and support its growth initiatives. </div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">For the three-month period ended September 30, 2019, the MogoLiquid Portfolio generated approximately $3.0 million in total revenue, including amounts for loan protection that are recognized in subscription and services revenue. For the same period, after accounting for expenses related to the loan portfolio including funding interest expense, the liquid portfolio was approximately breakeven on a net income basis.</div></div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;"></div>&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">Mogo will continue to offer its MogoMini loan products under the MogoMoney brand and is in active discussions to bring on a prime lender to its digital lending platform. </div></div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;"><div class="font" style="display: inline; color:black;">With more than 400 locations across Canada, goeasy offers a full suite of unsecured and secured personal lending products through its consumer lending division, easyfinancial, to the 9.4 million Canadians with non-prime credit. The company has originated more than $3.9 billion in loans and has a consumer loan portfolio of more than $1.1 billion. </div></div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">Mogo has also agreed to issue 306,842 common shares (the "Prepayment Shares") to the lender as part of a prepayment cost payable under the credit agreement. The Prepayment Shares are being issued at a price of $3.259 per Prepayment Share, being the five-day volume-weighted average trading price of Mogo's common shares as of the close of trading on February 27, 2020. The Prepayment Shares are being qualified by a prospectus supplement (the "Supplement") to Mogo's short form base shelf prospectus (the "Shelf Prospectus") dated December 5, 2019 and corresponding registration statement on Form F-10 (the "Registration Statement"), which is being filed today with the applicable securities regulatory authorities in Canada and the SEC as part of the Registration Statement under the US-Canada Multijurisdictional Disclosure System. Copies of the Supplement and the Shelf Prospectus are available on SEDAR at www.sedar.com and copies of the Supplement and the Registration Statement are available on EDGAR at www.sec.gov.</div><div style="MARGIN: 0px;text-align:justify;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">5.2 Disclosure for Restructuring Transactions</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;">Not applicable.</div><div style="MARGIN: 0px;">&nbsp;</div><table 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="PAGE-BREAK-AFTER: always; MARGIN: 0px;">&nbsp;</div></td></tr><tr><td>&nbsp;</td></tr></table><div style="MARGIN: 0px;">&nbsp;&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><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 style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;">Not applicable.</div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 7. Omitted Information</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;">Not applicable.</div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 8. Executive Officer</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:justify;">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 style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;"><div class="btag" style="display: inline; font-weight: bold">Item 9. Date of Report</div></div><div style="MARGIN: 0px;">&nbsp;</div><div style="MARGIN: 0px;text-align:left;">March 9, 2020.</div><div style="MARGIN: 0px;text-align:left;"></div><div style="MARGIN: 0px;">&nbsp;</div><table 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></table><div style="MARGIN: 0px;">&nbsp;</div></body></body></html>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
