Document:

EX-10.19

 Exhibit 10.19 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 
 DELIVERY
NETWORK AGREEMENT 
 BETWEEN MOBO SYSTEMS, INC. AND DOORDASH, INC. 

This Delivery Network Agreement (“Agreement”) is entered into and made effective as of March 30, 2017 (“Effective Date”) by and
between DoorDash, Inc., a Delaware corporation, located at 116 New Montgomery Street, Suite 400 (“DoorDash”), and Mobo Systems, Inc., a Delaware corporation, located at 26 Broadway, 24th
Floor, New York, NY 10004 (“Olo”) (collectively, the “Parties”). 
 RECITALS 

WHEREAS, Olo offers white label digital ordering and delivery applications (the Olo “Licensed Applications”) for
multi-location restaurants (the Olo “Customer(s)”); and, 
 WHEREAS, DoorDash offers a proprietary system (the
“DoorDash Platform”) which allows DoorDash customers to place orders (via online properties and mobile applications) for products provided by restaurants, which products are picked up from restaurants and delivered to customers by
third-party delivery service providers (“Dashers”); 
 WHEREAS, Olo has developed a delivery application programming
interface (the “Delivery API”) and desires to offer access to the Delivery API to DoorDash pursuant to the terms and conditions herein; 

AGREEMENT 
 NOW, THEREFORE,
the Parties agree as follows: 
  

	A.	 Definitions 

Available Delivery Service Providers shall mean the Delivery Service Platforms who have created a Profile on the Licensed Applications,
are available to be selected by Customer and are authorized to make deliveries to End Users in a given Delivery Area on behalf of a Customer. 

Dashers shall mean third-party delivery service providers who cover a specific Delivery Area(s) that comprise a portion of the
Territory, have their own vehicles, connect to the DoorDash Applications, and pick up the Product from the Customer location and deliver it to the End User location. 

Delivery Area shall mean the area(s) in which Dashers, using the DoorDash Applications, provide service to End Users. 

Delivery Fees shall mean the fees received by Olo from a Customer based on: [***]. 

Delivery Guidelines shall mean the rules and responsibilities associated with the delivery of the Product to the End User, including the
refund protocol, as further specified in Exhibit A of this Agreement. 
 Delivery Service Platforms shall mean the providers of
technology platforms, accessed and used by delivery drivers, who cover a specific Delivery Area(s) that comprise a portion of the Territory and are available to pick up the Product from the Customer location and deliver it to the End User-specified
location. 

 DoorDash Applications shall mean the DoorDash technology platform accessed and used
by Dashers to fulfill deliveries. 
 End User(s) shall mean the consumers who access the Customer’s Olo Licensed Applications for
the purpose of placing a digital order for delivery. 
 Olo Licensed Applications shall mean the software and systems that are
developed and used by Olo to provide digital order solutions and services to its customers generally, including any associated application program interfaces and technology and any enhancements or modifications thereto. 

Olo Dispatch API shall mean the application programing interface (API) that will allow a Delivery Network and/or a Delivery Service
Provider to create a Profile and exchange information with the Licensed Applications in order to respond to and receive orders for the Delivery Services. 

Personal Information (or “PII”) shall mean the data collected by either party from an End User that contains any
confidential and/or personally identifiable information about the End User. 
 Product shall mean the food and/or beverage order from
the End User for delivery from Customer locations. 
 Profile means the information provided by a Delivery Network, and any Delivery
Service Provider, as described in Exhibit A, for review by Customer in order to allow Customer the information necessary to decide whether the Customer wants to use that Delivery Service Provider, including, but not limited to insurance information,
use of independent contractor delivery drivers, indemnification obligations, pricing information, driver standards, and other characteristics as may be added from time to time. 

Service Level shall mean the percentage of minutes during any month in which the DoorDash API will be operational and available to Olo.
For sake of clarity, “Service Level” refers to the availability of the DoorDash API and not the availability of Dashers to fulfill orders. 

Selected Delivery Service Provider means an Available Delivery Service Provider that has been selected by Customer to be eligible
to bid on delivery orders for Products for that Customer in the Delivery Area. 
 Territory shall mean [***]. 

 

	B.	 Profiles. 

  

	 	1.	 Completion of Profile. As a condition of being eligible to respond to requests for Delivery Services
from a given Customer and receiving the Delivery Fees, DoorDash must complete the Profile that accurately and completely provides the information requested in the Profile. 

 

	 	2.	 Accuracy of Profile. DoorDash represents and warrants that all information provided in the Profile is
true, correct and complete and will remain true, correct and complete during the Term of this Agreement. DoorDash agrees to update its Profile at all times to the extent the information in the Profile changes. 

  
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	3.	 No Guarantee of Selection. Completion of a Profile does not guarantee that DoorDash, will be eligible to
respond to a given Customer’s request for Delivery Services. in order to be eligible to respond to requests for Delivery Services for a given Customer, DoorDash must be selected by the Customer as a “Selected Delivery Service
Provider.” Once the Customer selects DoorDash, as a Selected Delivery Service Provider, DoorDash will be eligible to respond to deliveries for those Customers in the relevant Delivery Areas in the Territory. 

 

	C.	 Delivery and Responding. 

 

	 	1.	 [***] 

  

	 	2.	 Responding. Customers may seek a bid for the delivery of its Product(s) to a given End User as ordered
by that End User through the Licensed Applications. Each Selected Delivery Service Provider who is available to make a delivery in a given Delivery Area may respond to the request for a delivery and the delivery order will be assigned in accordance
with the criteria set by Customer. If DoorDash does not meet a Customer’s criteria, then DoorDash will not be awarded the order for the Delivery Services for that End User’s order. 

 

	 	3.	 No Guarantees. Nothing in this Agreement guarantees that: (a) DoorDash will be selected by any
Customer as a Selected Delivery Service Provider for that Customer or (b) DoorDash receive any orders for Delivery Services. DoorDash acknowledges and agrees that there are no guarantees of any orders being placed or of DoorDash being selected
by a Customer as a Selected Delivery Service Provider. 

  

	D.	 API License; Proprietary Rights 

 

	 	1.	 Olo API License. Subject to DoorDash’s compliance with the terms of this Agreement, Olo hereby
grants to DoorDash a non-exclusive, non-transferable, non-sublicensable, revocable license to access and use the Delivery API solely for the purposes of:
(a) providing data to DoorDash through the Delivery API for use by DoorDash in accordance with the terms of this Agreement; and (b) obtaining data made available by Olo through the Delivery API for use by DoorDash in accordance with the
terms of this Agreement. 

  

	 	2.	 License Restrictions. DoorDash will not and will not permit or authorize any third-party to:
(a) sell, license, rent, resell, lease, assign (except as permitted herein), transfer, or otherwise commercially exploit the Delivery API; (b) circumvent or disable any security other technological features or measures of, or otherwise
gain or attempt to gain unauthorized access to the Delivery API; (c) reverse engineer, disassemble, decompile or otherwise attempt to derive the source code or the underlying ideas, algorithms, structure or organization of the Delivery API;
(d) create derivative works of or otherwise modify the Delivery API; (e) use the Delivery API in any manner or for any purpose that violates any law or regulation; and (1) use the Delivery API for a reason other than as specifically
provided or intended under this Agreement. 

  

	 	3.	 Reservation of Rights; No Other Licenses. As between DoorDash and Olo, DoorDash hereby acknowledges and
agrees that Olo owns all right, title and interest, including all copyrights and other intellectual property and proprietary rights, in and to the Delivery API, all computer documentation and other work product authored or prepared by Olo with
regards to 

  
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	
the Delivery API, and all data transmitted by its Dashers (collectively, “Olo IP”). DoorDash hereby acknowledges and agrees that Olo owns all right, title, and interest, including all
copyrights and other intellectual property and proprietary rights, in and to all data transmitted through, or collected by, the Delivery API that concerns Customer restaurant orders. Each party agrees that with respect to PII, it will use and
disclose PII only to the limited extent necessary to fulfill its obligations under the Agreement or as required by law. 

  

	 	4.	 Trademark License. Each party acknowledges that the ownership, right, title and interest in and to the
other party’s trademarks rests with the other party, and both parties agree that neither will do anything inconsistent with such ownership. During the Term, each party (“Grantor”) hereby grants to the other party (“Grantee”)
a non-exclusive, non-sublicensable, non-transferable right to use the Grantor’s trademarks, service marks, logos, trade names, trade dress and URLs
(“Trademarks”) for the purposes contemplated hereby, provided that the Grantee obtains prior written approval from the Grantor for each use. Each party shall abide by any Trademark usage guidelines made available by the other party.
Neither party shall use the other party’s Trademarks in any way that would disparage or injure the other party’s reputation. 

  

	E.	 Parties’ Obligations 

 

	 	1.	 Olo Obligations. Olo will provide access to DoorDash and maintain use its Delivery API for delivery
orders for Olo’s Customers and their respective End Users. 

  

	 	2.	 DoorDash Obligations. DoorDash will integrate into the Olo Delivery API to facilitate supporting
delivery requests from Olo Customers in accordance to the following guidelines: (A) in compliance with all applicable laws and regulations; and (B) using the same level of care as it uses in providing delivery services for any of its other
partners or client. Furthermore, DoorDash will provide an on-time operational Service Level of [***]% as measured over a [***] period of time. DoorDash agrees to the Delivery Guidelines as attached hereto as
Exhibit B. DoorDash will provide customer service for all orders delivered through their API. Specifically, DoorDash will have a phone number and dedicated email address for Olo Customers to call in the event there is an issue with any
specific delivery. DoorDash will be solely responsible for overseeing all Quality Assurance with DoorDash’s Dashers. DoorDash will implement the Reason Codes laid out in Exhibit B to describe end states of the ordering process.

  

	 	3.	 Mutual Obligations. Each party agrees not to perform any action with the intent of introducing to the
party’s systems, products or services any viruses, worms, defect, Trojan horses, malware or any items of a destructive nature. 

  

	F.	 Data 

  

	 	1.	 Olo Data. During the Term of this Agreement, Olo hereby grants DoorDash and its contractors (including
Dashers) a non-exclusive, non-transferable, royalty-free, fully paid-up license (with right to sublicense) to store, process, and
otherwise use the Olo Data (i.e. order-level data) (A) in connection with providing and optimizing its delivery service response times; and (B) to improve the service from Dashers, including, but not limited to, pricing and delivery time
estimates. Olo hereby grants DoorDash a non-exclusive, non-transferable license (with right to sublicense) to store, process, and otherwise use the Olo Data for
DoorDash’s internal business purposes. 

  

	 	2.	 Collected Data. Olo will collect certain limited data (the “Collected Data”) to enable
DoorDash to fulfill customer orders. In no event will Collected Data include any customer payment information (including without limitation, customer credit card information). 

  
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	3.	 Use of Collected Data. DoorDash’s use of the Collected Data is subject to Olo’s Privacy Policy
in effect at the time, which may be modified by Olo from time to time Notwithstanding anything to the contrary contained herein, DoorDash agrees that it will not and will not permit any third party (including any Dasher) to use the Collected Data,
except to the extent necessary for DoorDash (or any Dasher) to fulfill customer orders or as otherwise permitted herein, in all cases, subject to Olo’s Privacy Policy. For the avoidance of doubt, DoorDash will not, and will not permit any third
party to, re-market to any End User who places an order through the Delivery API, and DoorDash will require in its agreement with any Dasher that such Dasher not use the Collected Data to re-market to any End User. 

  

	4.	 Data Protection 

 

	 	i)	 DoorDash will not use the Olo Data for any purpose other than as expressly permitted in Section D(1). Except as
expressly set forth in this Section D, each party will not make available, display, disclose, transfer, sell, rent, or lease any of the other party’s Data, without the other party’s express written consent. 

 

	 	ii)	 To the extent Olo Data includes data from or regarding individuals or their devices (“PII”), Olo will
obtain each applicable individual’s prior permission for the collection of the PII, as well as the use and sharing of such PII consistent with the terms hereof, and all applicable laws. 

 

	 	iii)	 Olo will have in place a privacy policy that accurately and completely describes the collection, use, and
sharing of PII and the purposes for which the User Data is collected, used and shared. Olo will comply with any applicable laws and regulations in connection with the PII and its privacy policy, including personal data protection and privacy laws
and regulations. 

  

	 	iv)	 Each party will implement reasonable security measures to safeguard the other party’s Data

  

	 	v)	 Each party reserves the right to require the other party to delete the first party’s Data if the other
party violates the Terms of this Section D(4). 

  

	G.	 Fees and Payment 

 

	 	1.	 Fees. Fees to be paid by one party to the other party in connection with this Agreement shall be as set
forth on Exhibit A (“Fees”). DoorDash [***] (as defined on Exhibit A). [***] except as may be expressly provided otherwise herein, All Fees shall be paid in U.S. Dollars. 

 

	 	2.	 Taxes. Olo shall pay any sales, use or value-added taxes imposed by any taxing authority with respect to
the Fees payable hereunder, provided that Olo shall not be liable for any taxes related to DoorDash’s income. 

  

	H.	 Confidential Information 

 

	 	1.	 The parties acknowledge and agree that in the course of fulfilling their obligations hereunder, or otherwise in
connection with the activities contemplated, each party may receive or have access to information, data, or material of the other party that is commercially valuable to both companies and not generally known in the industry (as further described
below, “Confidential Information”). During and after the Term of this Agreement, each party agrees not to: (A) disclose Confidential Information of the other party to any person other than its employees, agents or independent
contractors, or legal advisors who have a need to know the same in connection with performance of this Agreement, and who are under written obligations of confidentiality substantially similar to this Section G or bound by law or professional ethics
to 

  
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	
safeguard such information; and (B) use the Confidential Information of the other party for any purpose other than as necessary to perform its obligations under this Agreement. The term
“Confidential Information” means all proprietary information belonging to one of the parties hereto that is not generally known by the public and includes, but is not limited to: (A) any and all versions of proprietary computer
software and any documentation related thereto; (B) technical information concerning products and services, including product data and specifications including, but not limited to, the integration specifications,
know-how, formulae, diagrams, flow charts, drawings, hardware configuration information, source code, object code, test results, processes, inventions, research projects and product development; (C) any
and all version of any designs, patents, trademarks, or copyrightable works, discoveries, formulae, processes, manufacturing techniques, trade secrets, inventions, improvements, ideas, business plans; (D) information concerning each
party’s business plans or strategies, Partner lists, and marketing programs; (E) any other information not generally known to the public or by actual or potential competitors of either party; or (F) any information that a reasonable
person would deem as confidential or proprietary. 

  

	 	2.	 Each party agrees to treat the other party’s Confidential Information with at least the same manner as it
treats its own Confidential Information (but in no event less than a reasonable degree of care), to take reasonable security precautions to safeguard the other party’s Confidential Information from theft or from access by unauthorized persons,
to not use the other party’s Confidential Information in any way detrimental to such party, and to not, directly or indirectly, disclose or divulge the other party’s Confidential Information to any third party without the prior written
consent of the other part, to not modify or reverse engineer the other party’s Confidential Information. Upon request from a party, the other party must delete or destroy such party’s Confidential Information and provide written
confirmation of such, 

  

	 	3.	 The receiving party shall have no obligation with respect to Confidential Information of the ether party that:
(A) is or becomes publicly known through no wrongful act, fault or negligence of the receiving party; (B) was disclosed to the receiving party by a third party who was free of obligations of confidentiality to the party providing the
information; (C) is approved by disclosing party for release by the receiving party by express prior written authorization; or (D} is publicly disclosed pursuant to a subpoena, court order, requirement or request of a governmental agency, or
where such disclosure is required by operation of law. 

  

	 	4.	 The parties acknowledge that this Agreement contains confidential information that may be considered
proprietary by one or both parties, and agree to limit distribution of this Agreement to those employees of Olo and DoorDash with a need to know the contents of this Agreement. In no event may this Agreement be reproduced or copies shown to any
third parties without the prior written consent of the other party, except as may be necessary by reason of legal, accounting, tax or regulatory requirements, in which event Olo and DoorDash agree to exercise reasonable diligence in limiting such
disclosure to the minimum necessary under the particular circumstances. The parties further agree that where this Agreement or its contents must be disclosed to any regulatory or statutory body, then the parties shall use their commercially
reasonable efforts to seek undertakings from such regulatory or statutory body to prevent the disclosure of this Agreement or its contents into the public domain. 

 

	 	5.	 In addition, each party shall give notice to the other party of any demands to disclose or provide Confidential
Information received from any third party under lawful process prior to disclosing or furnishing Confidential Information, and shall cooperate in seeking reasonable protective arrangements requested by the other party. Either party may disclose or
provide Confidential Information of the other party requested by a government agency having jurisdiction over the party; provided that the party uses its commercially reasonable efforts to obtain protective arrangements satisfactory to the party
owning the Confidential Information. The party owning the Confidential Information may not unreasonably withhold approval of protective arrangements. 

  

	 	6.	 The receiving party shall notify the disclosing party immediately upon becoming aware of any actual or
suspected breach of the security of disclosing party’s Confidential Information. A breach of security refers to any known or suspected breach or default in the confidentiality, integrity, accuracy, security or privacy of disclosing party’s
Confidential Information. 

  
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	7.	 If a party uses or discloses or attempts to use or disclose any of the Confidential information in
contravention of this Agreement, then in addition to other available remedies, the party who owns the Confidential Information shall have the right to injunctive relief enjoining any such use, disclosure or attempt to use or disclose, it being
acknowledged that legal remedies are inadequate. 

  

	I.	 Representations and Warranties 

 

	 	1.	 Mutual Representations and Warranties. 

 

	 	a.	 Each party represents and warrants that it has the legal power and authority to enter into this Agreement and
that no authorization or prior approval is required from any third-party in connection with the execution or performance of this Agreement. 

  

	 	b.	 DoorDash represents and warrants that it will provide the DoorDash Applications in a manner consistent with
general industry standards reasonably applicable to the provision thereof. Olo represents and warrants that it will provide the Olo Licensed Applications in a manner consistent with general industry standards reasonably applicable to the provision
thereof. 

  

	 	c.	 both parties represent and warrant that they are fully compliant with all applicable rules, regulations and
laws applicable to PII. 

  

	 	d.	 Security. Without limiting the requirements of this Agreement, both parties agree that to the extent any
Confidential or Personal Information is exchanged, it shall be secured from unauthorized access, use, disclosure, loss and theft using industry standard security practices and technologies. Without limiting the foregoing, each party represents and
warrants that: 

 a. Each party has in place a comprehensive, information security program designed to protect the
information under its custody, management or control, including all Personal Information. Each party’s information security program includes the following safeguards: (a) secure business facilities, data centers, servers, back-up systems and computing equipment; (b) network, device application, database and platform security; (c) secure transmission, storage and disposal; (d) encryption of Personal Information placed
on any electronic notebook, portable hard drive or removable electronic media with information storage capability, such as compact discs, USB drives, flash drives, tapes; (e) encryption of Personal Information in transit; (f) segregating
Personal Information from information of other clients so that such information is not commingled; and (g) personnel security and integrity including, but not limited to, background checks consistent with applicable law and the requirements of
this Agreement. b. Each party shall regularly, but in no event less than annually, evaluate the effectiveness of its information security program and shall promptly adjust and/or update such programs as reasonably warranted by the results of such
evaluation. c. All personnel of each party with access to Personal Information are provided appropriate information security and privacy training to ensure their compliance with each party’s obligations and restrictions under this Agreement,
with applicable laws and with each party’s information security program. 
  

	 	e.	 Breaches of Security. “Breach of Security” shall mean any loss, misuse, compromise, or
unauthorized access to Confidential or Personal Information that a party (“Receiving Party”) collects, generates, or obtains from or on behalf of the other party (“Disclosing Party”), or any act or omission that compromises or
undermines the physical, technical, or organizational safeguards put in place by the Receiving Party in processing such information or otherwise providing services under this Agreement. If there is an actual or suspected Breach of Security involving
Confidential or Personal Information that is 

  
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INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	
stored, managed or received by, or transmitted to a party, the Receiving Party will notify the Disclosing Party as soon as possible (but In any event within [***] of becoming aware of such
occurrence) and will provide such notice to the Disclosing Party by phone and email as listed here: 

  

	 	a.	 ln the case of DoorDash, contact [***], [***], ([***]) and copy [***]; 

 

	 	b.	 In the case of Olo, contact [***], [***], [***]. 

 

	 	f.	 In the event of an actual or suspected Breach of Security, the parties will cooperate with one another to
mitigate any harm and will take all steps reasonably necessary to isolate, investigate, and remediate the effects of such occurrence, ensure the protection of those End Users that are affected or likely to be affected by such occurrence, prevent the
re-occurrence, and comply with applicable laws. 

  

	J.	 Disclaimer of Warranties. EXCEPT AS EXPRESSLY SET-FORTH HEREIN,
NEITHER PARTY MAKES ANY REPRESENTATIONS OR WARRANTIES OF ANY KIND, WHETHER EXPRESS, IMPLIED (EITHER IN FACT OR BY OPERATION OF LAW), OR STATUTORY, AS TO ANY MATTER WHATSOVER. THE APIS AND APPLICATIONS ARE PROVIDED “AS IS” WITH NO WARRANTY,
EXPRESS OR IMPLIED, OF ANY [CND AND THE PARTIES EXPRESSLY DISCLAIM ANY AND ALL WARRANTIES AND CONDITIONS, INCLUDING ANY IMPLIED WARRANTY OR CONDITION OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE, AVAILABILITY, SECURITY, TITLE, AND NON-INFRINGEMENT. 

  

	K.	 Indemnification 

 

	 	1.	 DoorDash Indemnification. DoorDash shall indemnify, defend and hold harmless Olo and each
of its subsidiaries and affiliates, and each of their respective past or present officers, directors, agents, servants, employees, stockholders, predecessors, successors or assigns against all losses, damages, claims, liabilities, and expenses
(including reasonable legal fees) incurred by Olo resulting from or relating to: (i) any negligent, willful, or fraudulent acts or omissions of DoorDash (including any negligent, willful, or fraudulent acts or omissions of DoorDash’s
employees, contractors, Dashers, or representatives hereunder); (ii) DoorDash’s breach of any representations or warranties under this Agreement; (iii) allegations that the use of the DoorDash Applications or DoorDash API infringe,
violate, or misappropriates any United States, patent, trademark, or copyright of a third party; provided, that (1) Olo notifies DoorDash promptly in writing of the claim in question, (ii) DoorDash has sole control of the defense and all
related settlement negotiations, and (iii) Olo provides DoorDash with all commercially reasonable assistance, information and authority to perform the above at DoorDash’s expense. 

 

	 	2.	 Olo Indemnification. Olo shall indemnify, defend and hold harmless DoorDash and each of
its subsidiaries and affiliates, and each of their respective past or present officers, directors, agents, servants, employees, stockholders, predecessors, successors or assigns against all losses, damages, claims, liabilities, and expenses
(including reasonable legal fees) incurred by DoorDash resulting from or relating to: (i) any negligent, willful, or fraudulent acts or omissions of Olo (including any negligent, willful, or fraudulent acts or omissions of Olo’s employees,
contractors, Dashers, or representatives hereunder); (ii) Olo’s breach of any representations or warranties under this Agreement; (iii) allegations that the use of the Olo Applications or Olo API infringe, violate, or misappropriates any
United States, patent, trademark, or copyright of a third party; provided, that (i) DoorDash notifies Olo promptly in writing of the claim in question, (ii) Olo has sole control of the defense and all related settlement negotiations, and
(iii) DoorDash provides Olo with all commercially reasonable assistance, information and authority to perform the above at Olo’s expense. 

  
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CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	L.	 Limitation of Liability 

 

	 	1.	 EXCEPT FOR INDIRECT DAMAGES AS A RESULT OF EITHER PARTY’S INDEMNIFICATION OBLIGATIONS HEREIN, IN NO EVENT
WILL EITHER PARTY BE LIABLE TO THE OTHER PARTY FOR (A) ANY LOST PROFITS OR CONSEQUENTIAL, INDIRECT, PUNITIVE, EXEMPLARY, SPECIAL, OR INCIDENTAL DAMAGES ARISING FROM OR RELATING TO THIS AGREEMENT, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE,
EVEN IF ONE OR BOTH PARTIES KNEW OR SHOULD HAVE KNOWN OF THE POSSIBILITY OF SUCH DAMAGES; AND (B) EXCEPT FOR EITHER PARTY’S INDEMNIFICATION OBLIGATION HEREIN, EACH PARTY’S TOTAL CUMULATIVE LIABILITY ARISING FROM OR RELATING TO THIS
AGREEMENT [***] [***]. THE PARTIES ACKNOWLEDGE THAT THE TERMS OF THIS SECTION I REFLECT THE ALLOCATION OF RISK SET FORTH IN THIS AGREEMENT AND THAT THE PARTIES WOULD NOT HAVE ENTERED INTO THIS AGREEMENT WITHOUT THESE LIMITATIONS OF LIABILITY.

  

	M.	 Term and Termination 

 

	 	1.	 Term. The Term shall begin on the Effective Date and shall remain in force for two (2) years (the
“Initial Term”). At the end of the Initial Term, this Agreement shall be [***] renewed for successive one (1) year periods (each a “Renewal Term” and collectively with the Initial Term, the “Term”) unless, at least
ninety (90) days prior to any Renewal Term, either party notifies the other in writing that this Agreement shall not be renewed. This Agreement may terminate earlier as provided in Section K(2) or as the parties may otherwise agree in writing.

  

	 	2.	 Termination for Cause; Reasonable Opportunity to Cure Breach. If a party breaches any material provision
of this Agreement, the non-breaching party may terminate this Agreement by giving [***] notice to the other party, except that such a termination shall not take effect if the breaching party cures the breach
before the end of such [***] period. Breaches that constitute material breaches shall include, but not be limited to, those breaches specified as being material in Sections [***]. 

 

	N.	 Insurance 

1. Insurance Coverage. Each party, at its sole cost and expense, shall maintain at all times during the Term, the following types of
insurance. i) Commercial General Liability on an “occurrence basis”, with a limit of not less than $[***] combined single limit per occurrence for bodily injury and property damage liability, ii) Workers’ Compensation as provided for
under any workers’ compensation or similar law in the jurisdiction where work is performed. (iii) Employer’s Liability with a limit of not less than $[***] by accident or disease (iv) Automotive Liability with a limit of not less
than at $[***]. (v) Umbrella/Excess Liability with a minimum limit of $[***] in excess of the insurance under policies indicated in this section. (vi) Technology Errors and Omissions/Cyber Liability including Network Security/Privacy covering
liability for loss or damage due to an act, error, omission, or negligence and for claims arising from unauthorized access to or use of the Licensed Software in an amount of at least $[***]. Such insurance shall cover include network security and
privacy risks, including, but not limited to, unauthorized access, failure of security, breach of privacy perils, wrongful disclosure, or other negligence in the handling of Personal Information, privacy perils, and including coverage for related
regulatory defense and penalties. Furthermore, the insurance shall cover data breach expenses and be payable whether incurred by Customer or 010, including but not limited to consumer notification, whether or not required by law, computer forensic
investigations, public relations and crisis management firm fees, credit file or identity monitoring or remediation services. The coverage shall be written on a claims made and reported basis. All policies of insurance shall extend to the Dashers.

  
 9 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 2. Insurance Requirements. All insurance coverages required under this Agreement
(except Workers’ Compensation and Employers’ Liability) (a) shall add the other party as an additional insured, and (b) shall include an endorsement providing that the insurance afforded under the Provider’s policy is
primary insurance and without contribution from any other insurance maintained by the other part. Such insurance will not replace or reduce each party’s obligations of indemnification under this Agreement. Further, approval or acceptance of
insurance does not represent that such insurance is sufficient or adequate to protect each other’s interests or liabilities, and such insurance coverage will be considered the minimum acceptable coverage. 

 

	O.	 Feedback. If DoorDash provides or communicates any suggestions for improvements or
enhancements to the API (collectively, “DoorDash Feedback”), Olo will own all right, title, and interest in and to the Feedback, and Olo will be entitled to use the Feedback without restriction or any obligation of compensation to you.
DoorDash hereby irrevocably assigns all right, title and interest in and to the Feedback to Olo. 

 If Olo provides or
communicates any suggestions for improvements or enhancements to the DoorDash Platform (collectively, “Olo Feedback”), DoorDash will own all right, title, and interest in and to the Feedback, and DoorDash will be entitled to use the
Feedback without restriction or any obligation of compensation to you. Olo hereby irrevocably assigns all right, title and interest in and to the Feedback to DoorDash. 
  

	N.	 Miscellaneous 

 

	 	1.	 Notices. All notices and other communications sent under this Agreement will be in writing and
considered delivered when (i) hand delivered; (ii) delivered by prepaid overnight courier with written confirmation of receipt; or (iii) when sent when transmitted via email. Communications will be sent to the persons at the addresses
set forth on the signature page hereof or such other persons/addresses as the parties subsequently may specify in writing. 

  

	 	2.	 [***] 

  

	 	3.	 Publicity. Neither party may issue a press release or otherwise refer to the other party in any manner
with respect to this Agreement, without the prior written consent of such other party. 

  

	 	4.	 Assignment. This Agreement will bind and inure to the benefit of the parties and their respective
permitted successors and assigns. Neither party may assign its rights or delegate its duties under this Agreement (whether directly or indirectly, by operation of law or otherwise) without the prior written consent of the other, which consent will
not be unreasonably withheld or delayed, except that either party may assign this Agreement in the event of a merger, acquisition or sale of substantially all of such party’s assets or business (subject to the terms of Section L(6) below). If
consent is given, this Agreement will bind successors and assigns. Any purported assignment of rights or obligations, except as expressly permitted herein, will be null and void. 

 

	 	5.	 Data and Termination Rights Upon Acquisition. Prior to an event in which Olo or its business is acquired
or merges with another company (each a “Change of Control”) (the acquiring entity is the “Acquirer”), Olo will provide [***] prior written notice to DoorDash. Olo shall be permitted to immediately terminate this Agreement upon
such change of Control if, (i) prior to definitively completing such Change of Control, Olo gave DoorDash [***] prior written notice and an opportunity to consent to assignment of this Agreement in connection with such Change of Control or
terminate this Agreement immediately, and (ii) DoorDash fails to consent to assignment of this Agreement in connection with such Change of Control during such notice period, or elects to terminate this Agreement. In the event of a termination
pursuant to this provision, Olo shall delete any Order Data or other data transmitted or shared by DoorDash in Olo’s possession prior to definitively completing such Change of Control or providing or allowing any access by Acquirer.

  
 10 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	6.	 Severability. The provisions of this Agreement other than Section G are severable, and the
unenforceability of any such provision of this Agreement will not affect the enforceability of the remainder of this Agreement. The parties acknowledge that it is their intention that if any provision of this Agreement other than Section G is
determined by a court to be unenforceable as drafted, that provision should be construed in a manner designed to effectuate the parties’ purpose in agreeing to that provision to the greatest extent possible under applicable law.

  

	 	7.	 Relationship of Parties. Nothing in this Agreement or any exhibit will be construed as creating a
partnership, joint venture, agency or fiduciary relationship between the parties, or as authorizing either party to act as agent for the other or to enter into contracts on behalf of the other. 

 

	 	8.	 Amendment/Modification. This Agreement may be modified or amended only by a separate writing signed by
Olo and DoorDash expressly so modifying or amending this Agreement. 

  

	 	9.	 Certain Remedies. The parties acknowledge that the breach of Sections F will give rise to irreparable
injury to the non-breaching party inadequately compensable in damages. Accordingly, the parties agree that injunctive relief will be an appropriate remedy to prevent violation of the parties’ respective
rights and/or obligations under those two sections. However, nothing in this Section L(8) shall limit a party’s right to any other remedies in equity or at law, including the recovery of damages. 

 

	 	10.	 Force Majeure. Neither party will be deemed to be in default of or to have breached any provision of
this Agreement as a result of any delay, failure in performance or interruption of service, resulting directly or indirectly from acts of God, acts of civil or military authorities, civil disturbances, wars, strikes or other labor disputes, fires,
transportation contingencies, interruptions in telecommunications or Internet services or network provider services, failure of equipment and/or software, other catastrophes (“Event”), and other causes beyond its reasonable control,
provided that the nonperforming party informs the other party in writing immediately upon the occurrence of an Event, takes reasonable steps to mitigate the effects of nonperformance, and recommences performance immediately after the Event has
ended. 

  

	 	11.	 Counterparts. This Agreement may be executed in two counterparts, which together shall constitute but
one and the same instrument. Executed counterparts transmitted via facsimile or email attachment shall constitute originals for all intents and purposes. 

  

	 	12.	 Waiver. A waiver by either party of any term or condition of this Agreement in one or more instances
will not constitute a permanent waiver of the term or condition or any other term or condition of this Agreement or a general waiver. 

  

	 	13.	 Entire Agreement. This Agreement, along with Exhibits A and B, incorporated here by reference,
constitutes the entire agreement between the parties and supersedes any prior oral or written agreements between the parties concerning the subject matter hereof. 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective duly authorized officers. 

  
 11 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

									
	DOORDASH, INC.	 		 	MOBO SYSTEMS, INC.
					
	By:	 	/s/ Aurelio Espinosa	 		 	By:	 	/s/ Matthew J. Tucker
					
	Name:	 	Aurelio Espinosa	 		 	Name:	 	Matthew J. Tucker
					
	Title:	 	Business Development Manager	 		 	Title:	 	Chief operating officer
					
	Date:	 	03/30/17	 		 	Date:	 	3/31/2017
			
	Mailing Address for Notices:	 		 	Mailing Address for Notices:
			
	116 New Montgomery St.	 		 	26 Broadway
			
	Suite 300	 		 	24th Floor
			
	San Francisco, CA 94105	 		 	New York, NY 10004
			
	 Email Address for Notices: 
[***]
	 		 	 Email Address for Notices:

  
 12 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 EXHIBIT A: FEES & PAYMENT TERMS 

 

	1.	 Order confirmed with a Dasher on the DoorDash Platform. 

 

	2.	 [***] 

  

	3.	 DoorDash will pay Olo a Service Fee detailed below, except in the instances
set-forth in Exhibit B. 

  

									
	[***]	  	[***]	  	[***]	 	[***]	 	[***]
	[***]	  	[***]	  	[***]	 	[***]	 	[***]
	[***]	  	[***]	  	[***]	 	[***]	 	[***]

 [***] 
  

	4.	 [***] 

  

	5.	 [***] 

  

	6.	 Invoices should be sent to [***]. 

 

	7.	 In addition to the invoice, [***]. 

 

	8.	 Olo will reconcile DoorDash’s delivery report to Olo’s internal order history and shall pay DoorDash
all undisputed amounts properly incurred and accurately invoiced to Olo within [***] of receipt of the invoice. 

  

	9.	 Olo may withhold payment of an invoiced amount it disputes in good faith, pending resolution of the dispute,
provided that Olo pays undisputed amounts in the associated invoice and notifies DoorDash of the dispute within the applicable payment period. 

  

	10.	 In circumstances in which DoorDash reporting and Olo transaction history do not reconcile, Olo will provide
detailed support (including, but not limited to, [***] as to why the payment was denied. If further support is requested by DoorDash, Olo will provide best efforts to investigate further and make any adjustments on the subsequent month’s
invoice. 

  
 A-1 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN
OMITTED BECAUSE OLO INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

EXHIBIT B: DELIVERY GUIDELINES & Refund Matrix[***] 
  

																			
	 	  	 	  	 	  	 [***]
	  	 [***]
	  	 
	 [***]
	  	 [***]
	  	 [***]
	  	 [***]
	  	 [***]
	  	 [***]
	  	 [***]
	  	 [***]
	  	 [***]
	  	 [***]

	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	[***]	  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	[***]	  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	[***]	  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	[***]	  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  	[***]	  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	[***]
	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  	[***]	  		  		  		  	[***]

 [***] 

  
 1 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 RAILS NETWORK ADDENDUM 

This Rails Network Addendum (“Addendum”) to the Delivery Network Agreement between Mobo Systems, Inc. (“Olo”) and DoorDash,
Inc. (“DoorDash”) is entered into and made effective as of March 30, 2017 (“Addendum Effective Date”). Capitalized terms used in this Addendum but not defined in this Addendum will have the respective meanings
set forth in the Agreement. 
 RECITALS 

WHEREAS, Olo offers an Application Programming Interface (the “API”) for third parties to receive menu data and send pre-paid End User orders to restaurants with which Olo has partnership agreements (the “Customers”); 

WHEREAS, DoorDash offers a proprietary system (the “DoorDash Platform”) which allows DoorDash customers (the “End
Users”) to place orders (via online properties and mobile applications) for products provided by restaurants, which products are picked up from the restaurant and delivered to the End User by third party delivery service providers
(“Dashers”); 
 WHEREAS, DoorDash has separate agreements with Customers who agree to accept orders from End Users placed
through the DoorDash Platform; and, 
 WHEREAS, DoorDash desires to utilize the API to receive Customer menu data and submit orders
from End Users to Customers through the DoorDash Platform, and Olo desires to provide DoorDash with access to its API. 
 NOW,
THEREFORE, the Parties agree as follows: 
 A. Definitions 

Olo Application Program Interface (“Olo API”) means programmatic web API’s and associated tools developed by Olo and made
available to DoorDash under this Agreement, which will facilitate DoorDash’s receipt of menu data from Customers and the placing of orders from DoorDash End Users to Customers. 

Customers(s) means the restaurants that shall receive orders that End Users place through the DoorDash Platform via the Olo API. For
sake of clarity, Customers shall have separate agreements with DoorDash and Olo. 
 DoorDash Fees shall mean [***]. 

End User(s) shall mean the consumers who access Partners’ menus for the purpose of placing digital orders for delivery on the
DoorDash Platform via DoorDash’s interface to the Olo API. 
 Product shall mean the food and/or beverage ordered by the End User
for delivery from Customers. 
 Territory shall mean [***]. 

B. Fees and Payment 

  
 2 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	1.	 [***] 

[***] 
  

					
	[***]	  	[***]	  	[***]
	[***]	  	[***]	  	[***]

  

	 	[***]	 

[***] 
  

	 	2.	 Payment Terms. DoorDash agrees to invoice Olo on a [***] basis. DoorDash will pay Olo within [***] from
receipt of invoice. 

  

	 	3.	 Customer Payment. Pursuant to DoorDash’s agreements with Customers, DoorDash will be responsible
for [***] (“Customer Fees”). For sake of clarity, in no event shall Olo be responsible for any Customer Fees. 

 C.
Parties’ Obligations 
  

	 	1.	 Olo Obligations. 

 

	 	•	 	 Olo agrees to make available the Olo API to DoorDash in order to facilitate submission of orders received from
End Users on the DoorDash Platform directly into the Customer’s point of sale systems for processing. in addition, Olo will provide to DoorDash menu items from Customers through the Olo API. 

 

	 	•	 	 [***] 

  

	 	•	 	 Olo further agrees to abide by the service level agreement set forth in Exhibit A hereto.

  

	 	2.	 DoorDash Obligations. 

 

	 	•	 	 DoorDash will complete technical integration with the Olo API and use the Olo API in its sole discretion as a
method of submitting food orders to Customers on behalf of DoorDash’s End Users. 

  

	 	•	 	 DoorDash shall be fully responsible for payment of Customer Fees. 

 

	 	•	 	 [***] 

D. Other Agreements 
  

	 	1.	 Olo—Customer Agreements. The term of Agreements between Olo and the Customers that dictate and
define the ability of Olo to process digital orders via its API will define Olo’s ability to support orders for that Customer under this Agreement. Should Olo’s Agreements expire or not be renewed, Olo will not continue processing any
digital orders with this Customer for DoorDash and will not be obligated to under the terms of this Agreement, If Olo shall no longer support orders for a Customer, Olo shall provide written notice to DoorDash as soon as possible and in all cases at
least [***] prior to discontinuing service. 

  
 3 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 E. API License and Proprietary Rights 

1.License and Permitted Use. Olo grants DoorDash a limited, non-exclusive,
non-assignable (except as provided herein), non-transferable license to: (i) use and access the Olo API solely as necessary to develop, maintain and support the
DoorDash Application in accordance with the documentation or specifications included in the API (“API Docs”); and (ii) access and display information and content (“Content”) available via the API in the DoorDash Application
to End Users of the DoorDash Application. DoorDash may only use the API with the DoorDash Application; DoorDash may not use the Olo API or any content created therein with any third-party application. 

2. Restrictions; Responsibility for Account Credentials/Logins, 

2.1Restrictions, DoorDash will not do any of the following (each, a “Restriction”), and will not assist, permit, authorize, or enable others to do
any of the following without our express written consent: (i) reverse engineer or decompile the API or any component, or attempt to create a substitute or similar service through use of or access to the API, unless this is expressly permitted
or required by applicable law; (ii) copy, rent, lease, sell, transfer, assign, sublicense, or alter any part of the API; (iii) use Olo’s name to endorse or promote any product, including a product derived from the API; (iv) use
the API for any illegal, unauthorized, or otherwise improper purposes, or in any manner which would violate this Agreement; (v) remove any legal, copyright, trademark, or other proprietary rights notices contained in or on the API or any
Content obtained therefrom; (vi) use the APE in a manner that is inconsistent with any part of the API Docs; (vii) imply inaccurate creation, affiliation, sponsorship, or endorsement of DoorDash or the DoorDash Application; or
(viii) use any robot, spider, site search/retrieval application, or other device to collect information about users for any unauthorized purpose. DoorDash may cache Content in accordance with cache control headers Olo sends back with the
content. DoorDash must provide reasonable security for any Content you store or transmit. 
 2.2Display of Content. DoorDash may not modify, obscure,
delete, or otherwise disable the functioning of links to the API or Olo or third-party applications or websites, or change the resource associated with any link provided within any Content. If you display the Content in a way that Olo or, where
applicable, a third-party provider of such Content to Olo, finds unacceptable for any reason, including if your display violates this Agreement or it disparages, damages, tarnishes, or impairs the value, integrity, or goodwill of the Content or its
subjects or brands therein, Olo may require that you immediately change or cease your display of such Content. All Content transmitted by Olo in connection with your Application remains the property of the proper owners or licensors thereof.
DoorDash acknowledges and agree that Olo has no obligation to, and does not, monitor the Content created by DoorDash. 
 3.Responsibility for Account
Credentials/Logins. DoorDash is responsible for all use of the API and Content by your employees, individual independent contractors, and other personnel, and for any other use that occurs under user accounts or API Keys that Olo provisions for
DoorDash, DoorDash will notify Olo of any unauthorized access to the API or Content of which it becomes aware. 
 E. Data 

 

	 	1.	 Order Data. The parties acknowledge and agree that (a) DoorDash collects and fogs order-level
transaction data (including customer ID, item count, subtotal, and other fees and taxes) as part of the DoorDash Platform (“Order Data”) and (b) DoorDash owns all right, title, and interest to the Order Data. DoorDash hereby grants to
Olo a non-exclusive, royalty-free, fully paid-up, non-transferable, license to access, process, and transfer Order Data to
Customers via the API. Order Data shall not include personally identifiable information (“Pill under this Agreement, and to the extent that the Parties agree to exchange PII, the Parties will execute an addendum to this Agreement or a separate
agreement. Olo will transmit Order Data via the API using advanced encryption. Olo agrees not to share or otherwise disclose Order Data with any third party. 

  
 4 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	2.	 Customer Menu Data. Pursuant to this Agreement, Olo may collect and share Customer menu data with
DoorDash. Olo represents and warrants that it has obtained any necessary rights, licenses or approvals to Customer menu data. 

IN WITNESS WHEREOF, the parties have caused this Agreement to be executed by their respective duly authorized officers. 

 

									
	 DOORDASH, INC.
	 		 	 MOBO SYSTEMS, INC.

					
	By:	 	/s/ Aurelio Espinosa	 		 	By:	 	 /s/ Matthew J. Tucker

					
	Name:	 	Aurelio Espinosa	 		 	Name:	 	Matthew J. Tucker
					
	Title:	 	Business Development Manager	 		 	Title:	 	Chief operating officer
					
	Date:	 	03/30/17	 		 	Date:	 	3/31/2017

  

									
	Mailing Address for Notices:	 		 	Mailing Address for Notices:
	116 New Montgomery St.	 		 	26 Broadway
	Suite 300	 		 	24th Floor
	San Francisco, CA 94105	 		 	New York, NY 10004
			
	Email Address for Notices:	 		 	Email Address for Notices:
	[***]	 		 	

  
 5 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 EXHIBIT A TO RAILS NETWORK ADDENDUM 

MAINTENANCE AND SERVICE LEVEL AGREEMENT 

During the Term, the Olo Licensed Applications will be operational and available to DoorDash at least [***]% of the time in any calendar month (the
“SLA”). 
 This SLA does not apply to any “Permitted Downtime”, defined as [***] that have been communicated to DoorDash in advance no
less than [***] which are only scheduled between [***]. Any Downtime, scheduled or otherwise, or emergency maintenance, [***] shall be counted towards Downtime. 

The SLA does not apply to any performance issues caused by: [***]. 

  
 1 

CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE
INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 ADDENDUM #1 TO DELIVERY NETWORK AGREEMENT 

BETWEEN MOBO SYSTEMS, INC. AND DOORDASH, INC. 

THIS ADDENDUM to the Delivery Network Agreement (“Agreement”) by and between DoorDash, Inc. (“DoorDash”) a Delaware
corporation, with its principal place of business at 901 Market Street, 6th Floor, San Francisco, California 94103 and Mobo Systems, Inc., a Delaware corporation, located at 26 Broadway, 24th Floor, New York, NY 10004 (“Olo”) is effective
as of November 15, 2017 (“Addendum Effective Date”). DoorDash and Olo shall collectively be referred to as “Parties” and individually as a “Party”. All capitalized terms used and not defined herein shall have the
meanings ascribed to them in the Agreement. 
 The Parties agree to amend the Agreement as follows: 

 

	 	1.	 [***] 

  

	 	a.	 [***] 

  

			
	 [***]
	  	 [***]

	[***]	  	[***]]

  

	 	b.	 [***] 

  

							
	 [***]
	  	 [***]
	  	 [***]
	  	 [***]

	[***]	  	[***]	  	[***]	  	[***]

 [***] 
  

	 	2.	 Service Level Agreement (“SLA”). 

 

	 	a.	 Service Level. During the Term, the Olo API will be operational and available to Customer at least
[***]% of the time in any calendar month (the “SLA”). 

  

	 	b.	 If Olo does not meet the SLA, and if DoorDash meets its obligations under this Agreement, DoorDash will be
eligible to receive the Service Credits described below. This SLA states DoorDash’s sole and exclusive remedy for any failure by Olo to meet the SLA. 

ii) Definitions. The following definitions shall apply to the SLA: 

 

	 	i.	 “Downtime” means the period of time during which the Olo API fails to be operational and
available to End Users (for reasons other than those set forth in Paragraph 2(e)) until the Olo API again becomes operational and available to End Users. 

  

	 	ii.	 “Permitted Downtime” means the period of time during which the Olo API fails to be operational
and available to End Users due to [***], of which Olo will give DoorDash and Authorized Operator [***] advanced notice, and will not occur during DoorDash’s hours of operation. 

  
 CERTAIN CONFIDENTIAL
INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	iii.	 “Monthly Uptime Percentage” means total number of minutes in a calendar month minus the number
of minutes of Downtime suffered in a calendar month, divided by the total number of minutes in a calendar month. 

  

	 	iv.	 “Service Credit” means the following: 

 

			
	 [***]
	  	 [***]

	 [***]
	  	 [***]

	 [***]
	  	 [***]

	 [***]
	  	 [***]

	 [***]
	  	 [***]]

  

	 	c.	 Olo shall notify DoorDash within [***] from the end of the month if DoorDash is eligible to receive a Service
Credit for the preceding month. To the extent that any Downtime having been determined by Olo, in its good faith reasonable discretion, was caused by a reason outlined in Paragraph 1(d), Olo shall have [***] to notify DoorDash of their Service
Credit for the preceding month if any. 

  

	 	d.	 The aggregate maximum Service Credit to be issued by Olo to DoorDash for all Downtime (not including Permitted
Downtime) that occurs in a single calendar month shall not exceed a [***] reduction in the next month’s fees. 

  

	 	e.	 The SLA does not apply to any Downtime to the extent it was caused by: [***]

  
 CERTAIN CONFIDENTIAL
INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

	 	f.	 If Olo does not meet a Monthly Uptime Percentage of [***]%, as defined in Section 2.3(a), in any [***]
during the Term, DoorDash has the right to terminate the Agreement with [***] written notice to Olo. 

  

	 	3.	 

  

	 	a.	 Account Management & Support 

 

	 	i.	 Point of Contact. Each Party shall designate a representative to serve as its point of contact with respect to
the collaboration contemplated hereunder. The point of contact shall be reasonably available to address inquiries from the other Party. The respective points of contact shall periodically convene (either in person or by telephone / video chat) in
order to discuss the progress of the collaboration and potential ways to enhance the collaboration. Olo’s point of contact shall be Andrea Coe ([***]).and DoorDash’s point of contact shall be Toby Espinosa ([***]). 

 

	 	ii.	 ii. Olo will make developer support (e.g., Olo Platform questions) available to DoorDash [***]. Contact
information for the Olo Help Center is as follows: https://olosupport.zendesk.com/hc/en-us. 

IN WITNESS WHEREOF, the Parties hereto, each acting under due and proper authority, have executed this Agreement as of the Effective Date.

  

									
	DoorDash, Inc.	 		 	Mobo Systems, Inc.
					
	By:	 	Aurelio Espinosa (Nov 15, 2017)	 		 	By:	 	Matthew Tucker (Nov 15, 2017)
	Name:	 	Aurelio Espinosa	 		 	Name:	 	Matthew Tucker
	Title:	 	Head of Business Development	 		 	Title:	 	Chief Operating Officer
	Date:	 	Nov 15, 2017	 		 	Date:	 	Nov 15, 2017

  

									
	Signature:	 	Aurelio Espinosa (Nov 15, 2017)	 		 	Signature:	 	Matthew Tucker (Nov 15, 2017)
	Email:	 	[***]	 		 	Email:	 	[***]
	Title:	 	Head of Business Development	 		 	Title:	 	Chief Operating Officer
	Company:	 	DoorDash	 		 	Company:	 	Olo

  
 CERTAIN CONFIDENTIAL
INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 AMENDMENT TO 

DELIVERY NETWORK AGREEMENT 
 This Amendment
(“Amendment”) to the Delivery Network Agreement by and between Olo Inc. (f/k/a Mobo Systems, Inc.), a Delaware corporation, having an address at 285 Fulton Street, 82nd Floor, New
York, New York 10007 (“Olo”), DoorDash, Inc., a Delaware corporation, located at 901 Market Street, 6th Floor, San Francisco, California 94103 (“DoorDash”) and DoorDash’s affiliate DoorDash Technologies Canada
Inc., a Canadian corporation, located at 171 E Liberty Street, Suite 340, Toronto, ONT M6K 3P6 (“DoorDash Canada”) is hereby entered into effective as of this 12th day of November, 2020 (“Amendment Effective Date”).

 WHEREAS, on March 30, 2017, Olo and DoorDash entered into the Delivery Network Agreement between Mobo Systems, Inc. and DoorDash, Inc., which
includes as an addendum the Rails Network Addendum, as amended, supplemented, and modified from time to time (the “Agreement”); 

WHEREAS, on November 15, 2017, Olo and DoorDash entered into the Addendum #1 to Delivery Network Agreement between Mobo Systems, Inc. and
DoorDash, Inc. (the “Addendum”); and 
 WHEREAS, the parties wish to modify or amend the terms of the Agreement as set forth in this
Amendment; 
 NOW, THEREFORE, the parties hereto agree as follows: 
  

	 	1.	 Integration. The Agreement, the Addendum and this Amendment constitute the entire and complete
understanding of the parties regarding their subject matter, and supersede all written agreements and understandings between the parties regarding their subject matter. Except as expressly amended and supplemented hereby, the Agreement shall remain
in full force and effect. In the event of any inconsistency between the provisions of this Amendment and the provisions of the remainder of the Agreement, the terms of this Amendment shall prevail. Any capitalized term used, but not defined, herein
shall have the meanings ascribed to them in the Agreement. Any additional or inconsistent terms on any other document shall be null and void. 

  

	 	2.	 Payment of Fees 

Notwithstanding anything to the contrary in Exhibit A of the Agreement or the Addendum, for each delivery consummated by DoorDash Canada,
DoorDash Canada [***]. [***]. 
  

	 	3.	 Miscellaneous 

3.1 Amendment/Modification. This Amendment may be modified or amended only by a separate writing signed by Olo and DoorDash
expressly so modifying or amending this Amendment. 

  
 CERTAIN CONFIDENTIAL
INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED. 

 3.2 Counterparts. This Amendment may be executed in two counterparts, which
together shall constitute but one and the same instrument. Executed counterparts transmitted via facsimile or email attachment shall constitute originals for all intents and purposes. 

IN WITNESS WHEREOF, the parties have caused this Amendment to be executed by their respective duly authorized officers. 

 

									
	OLO INC.	 		 	DOORDASH, INC.
					
	By:	 	/s/ Matthew Tucker	 		 	By:	 	/s/ Gabriel Dobbs
	Name:	 	Matthew Tucker	 		 	Name:	 	Gabriel Dobbs
	Title:	 	Chief Operating Officer	 		 	Title:	 	Director of Enterprise Partnerships

  

			
	DOORDASH TECHNOLOGIES CANADA INC.
		
	By:	 	/s/ Ryan Freeman
	Name:	 	Ryan Freeman
	Title:	 	Head of Enterprise Partnerships—Canada

  

									
					
	Signature:	 	/s/ Gabriel Dobbs	 		 	Signature:	 	/s/ Ryan Freeman
	Email:	 	[***]	 		 	Email:	 	[***]
	Title:	 	Director of Enterprise Partnerships	 		 	Title:	 	Head of Enterprise Partnerships—Canada
	Company:	 	DoorDash	 		 	Company:	 	DoorDash Technologies Canada Inc.
					
	Signature:	 	/s/ Matthew Tucker	 		 		 	
	Email:	 	[***]	 		 		 	
	Title:	 	Chief Operating Officer	 		 		 	
	Company:	 	Olo	 		 		 	

  
 CERTAIN CONFIDENTIAL
INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE OLO INC. HAS DETERMINED THE INFORMATION (I) IS NOT MATERIAL AND (II) WOULD LIKELY CAUSE COMPETITIVE HARM TO OLO INC. IF PUBLICLY DISCLOSED.Exhibit 4.1

 

ENBRIDGE INC.

 

OFFICERS’ CERTIFICATE

PURSUANT TO SECTIONS 102, 201, AND 301 OF THE INDENTURE

 

We,
Maximilian G. Chan, Vice President, Treasury & Enterprise Risk, and Karen K.L. Uehara, Vice President &
Corporate Secretary, of Enbridge Inc., a corporation duly incorporated under the Companies Act of the Northwest Territories
and continued and existing under the Canada Business Corporations Act (the “Company”), in connection with the
issuance by the Company on the date hereof of US$500,000,000 aggregate principal amount of the Company’s Floating Rate Senior
Notes due 2023 (the “Notes”), each hereby certify pursuant to Sections 102, 201 and 301 of the Indenture, dated as
of February 25, 2005, between the Company and Deutsche Bank Trust Company Americas, as Trustee (the “Trustee”),
as amended and supplemented by the First Supplemental Indenture, dated as of March 1, 2012, between the Company and the Trustee,
and as further amended and supplemented by the Sixth Supplemental Indenture, dated as of May 13, 2019, between the Trustee,
the Company, Spectra Energy Partners, LP, a Delaware limited partnership (“SEP”), and Enbridge Energy Partners, L.P.,
a Delaware limited partnership (“EEP” and, together with SEP, the “Guarantors”) (the indenture as amended
and supplemented, the “Indenture”), that:

 

		1.	The undersigned has read all of the conditions (including all definitions relating thereto) set forth in the Indenture for
the authorization, issuance, authentication and delivery of the Notes.

 

		2.	The undersigned has examined the documents submitted by the Company to the Trustee relating to the Notes and certain other
Company documents and records, including the Resolutions of the Board of Directors of the Company (the “Board”) referred
to below and the actions of the Vice President, Treasury & Enterprise Risk and the Vice President & Corporate
Secretary of the Company referred to below.

 

		3.	The undersigned has made such examination or investigation as is necessary to enable him or her, as the case may be, to express
the informed opinion set forth in Paragraph 4 of this Certificate.

 

		4.	In the opinion of the undersigned, the conditions of the applicable provisions of the Indenture have been complied with in
connection with the issuance of the Notes.

 

		5.	On February 16, 2021, in accordance with the Resolutions approved by the Board of Directors of the Company at meetings
of the Board held on February 12 and 13, 2019 and December 1, 2020, certain of the Authorized Officers (as defined in
the Resolutions), following discussions by telephone among the officers of the Company and the Underwriters (as defined below)
with respect to the terms to be established in respect of the issue and sale of the Notes to the several Underwriters pursuant
to the Underwriting Agreement, dated as of February 16, 2021, among the Company and each of the Guarantors and Deutsche Bank
Securities Inc. and TD Securities (USA) LLC (the “Underwriters”), and the resale by the Underwriters of the Notes to
the public, agreed upon and set the terms concerning the issue of the Notes, in accordance with Section 301 of the Indenture.
The terms and form of the Notes are attached hereto as Exhibits A and B, respectively.

 

[Remainder of the page intentionally
left blank]

 

    	 		 

     

    

 

IN WITNESS WHEREOF, each of the undersigned
has executed this Certificate on behalf of the Company as of this 19th day of February, 2021.

 

	 	Enbridge Inc.
	 	 
	 	By:	/s/ Maximilian
    G. Chan
	 	 	Name: Maximilian G. Chan
	 	 	Title: Vice President, Treasury & Enterprise Risk
	 	 	 
	 	By:	/s/ Karen K.L. Uehara
	 	 	Name: Karen K.L. Uehara
	 	 	Title: Vice President & Corporate Secretary

 

[Signature Page to Officer’s Certificate
Pursuant to Indenture]

 

    	 		 

     

    

 

Exhibit A

 

    	 	A-1	 

     

    

 

Terms of US$500,000,000 Floating Rate
Senior Notes due 2023

 

Capitalized terms used but not defined herein
shall have the meanings given to such terms in the Indenture.

 

		(1)	Title of Securities: “Floating Rate Senior Notes due 2023” (the “Notes”).

 

		(2)	Total Aggregate Principal Amount of Notes to be initially issued and sold to the Underwriters for Resale to the Public:
US$500,000,000. The Company may, at any time, and from time to time, issue additional Notes under the Indenture in unlimited amounts
having the same terms as the Notes, and such additional Notes will, together with the then existing Notes and any notes which may
be issued in exchange or substitution therefor, constitute a single series of notes under the Indenture.

 

		(3)	Guarantees: In accordance with Section 1401 of the Indenture, the Notes are guaranteed by both Guarantors.

 

		(4)	Maturity Date: February 17, 2023 (the “Maturity Date”).

 

		(5)	Interest: The Notes will bear interest at a rate equal to Compounded SOFR (as defined below) plus 0.40% per annum (40
basis points) (the “Margin”); provided, that the rate shall not be less than 0.00%.

 

(a) If any Interest Payment
Date would otherwise be a day that is not a Business Day (as defined below) (other than the Interest Payment Date that is also
the Maturity Date), the Interest Payment Date will be postponed to the immediately succeeding day that is a Business Day, except
that if that Business Day is in the immediately succeeding calendar month, the Interest Payment Date shall be the immediately preceding
Business Day. If the Maturity Date or a Redemption Date (as defined below) is not a Business Day, payment of principal and interest
will be made on the next succeeding Business Day, and no interest will accrue for the period from and after the Maturity Date or
such Redemption Date. If the Notes are redeemed, unless the Company defaults on payment of the Redemption Price, interest will
cease to accrue on the Redemption Date on the Notes called for redemption.

 

(b) Interest on the Notes will
accrue from February 19, 2021.

 

(c) The Notes will bear interest
at a rate of Compounded SOFR for the applicable Interest Period or Initial Interest Period (each as defined below) plus the Margin;
The “Initial Interest Period” will be the period from and including the original issue date to but excluding the initial
Interest Payment Date. Thereafter, each “Interest Period” will be the period from and including an Interest Payment
Date to but excluding the immediately succeeding Interest Payment Date; provided, that the final Interest Period for the Notes
will be the period from and including the Interest Payment Date immediately preceding the Maturity Date of such Notes to but excluding
the Maturity Date.

 

    	 	A-2	 

     

    

 

(d) The amount of interest
accrued and payable on the Notes for each Interest Period will be equal to the product of (i) the outstanding principal amount
of the Notes multiplied by (ii) the product of (1) the Interest Rate for the relevant Interest Period multiplied by
(2) the quotient of the actual number of days in such Interest Period divided by 360.

 

(e) Compounded SOFR

 

(i) The Trustee or its successor
appointed by the Company, will act as calculation agent (the “Calculation Agent”). “Compounded SOFR” will
be determined by the Calculation Agent in accordance with the following formula (and the resulting percentage will be rounded,
if necessary, to the nearest one hundred-thousandth of a percentage point, e.g., 9.753973% (or .09753973) being rounded down to
9.75397% (or .0975397) and 9.753978% (or .09753978) being rounded up to 9.75398% (or .0975398)):

 

 

 

where:

 

“d0” for any Observation Period,
is the number of U.S. Government Securities Business Days in the relevant Observation Period;

 

“i” is a series of whole numbers from
one to d0, each representing the relevant U.S. Government Securities Business Day in chronological order from, and including,
the first U.S. Government Securities Business Day in the relevant Observation Period;

 

“SOFRi,” for any U.S. Government
Securities Business Day “i” in the relevant Observation Period, is equal to SOFR in respect of that day “i”;

 

“ni,” for any U.S. Government
Securities Business Day “i” in the relevant Observation Period, is the number of calendar days from, and including,
such U.S. Government Securities Business Day “i” to, but excluding, the following U.S. Government Securities Business
Day (“i+1”);

 

“d” is the number of calendar days in
the relevant Observation Period;

 

“Observation Period” is (i) in respect
of each Interest Period, the period from, and including, the date that is two U.S. Government Securities Business Days preceding
the first date in such Interest Period to, but excluding, the Interest Payment Determination Date for such Interest Period and
(ii) in respect of the payment of any interest in connection with any redemption of the Notes, the period from, and including,
the date that is two U.S. Government Securities Business Days preceding the first date in the Interest Period in which such redemption
occurs to, but excluding, the date that is two U.S. Government Securities Business Days before such redemption;

 

    	 	A-3	 

     

    

 

“U.S. Government Securities Business Day”
is any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association recommends
that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government securities;
and

 

“Interest Payment Determination Date”
is the date that is two U.S. Government Securities Business Days before each Interest Payment Date.

 

(ii) For
the calculations set forth herein, the daily SOFR in effect on any U.S. Government Securities Business Day will be the applicable
SOFR as reset on that date.

 

(iii) For
purposes of determining Compounded SOFR, “SOFR” means, with respect to any U.S. Government Securities Business Day:

 

(1) the Secured Overnight
Financing Rate published for such U.S. Government Securities Business Day as such rate appears on the Federal Reserve Bank of New
York’s Website at 3:00 p.m. (New York time) on the immediately following U.S. Government Securities Business Day (the
 “SOFR Determination Time”); or

 

(2) if the rate specified
in (1) above does not so appear, unless both a Benchmark Transition Event and its related Benchmark Replacement Date have
occurred, the Secured Overnight Financing Rate as published in respect of the first preceding U.S. Government Securities Business
Day for which the Secured Overnight Financing Rate was published on the Federal Reserve Bank of New York’s Website.

 

(iv) Notwithstanding
anything to the contrary herein or in the Notes, if the Company or its designee (which may be the Calculation Agent only if the
Calculation Agent consents to such appointment in its sole discretion with no liability therefor, a successor calculation agent,
or such other designee of the Company acting as its agent as described in these benchmark transition provisions (any of such entities,
a “Designee”)) determines on or prior to the relevant Reference Time that a Benchmark Transition Event and its related
Benchmark Replacement Date (each as defined below) have occurred with respect to determining Compounded SOFR, then the benchmark
replacement provisions set forth in Section 5(f), below, will thereafter apply to all determinations of the rate of interest
payable on the Notes.

 

    	 	A-4	 

     

    

 

(v) For the avoidance of
doubt, in accordance with the benchmark replacement provisions, after a Benchmark Transition Event and its related Benchmark Replacement
Date have occurred, the interest payable for each Interest Period on the Notes will be an annual rate equal to the sum of the
Benchmark Replacement (as defined below) and the applicable margin.

 

(f) Effect of Benchmark
Transition Event.

 

(i) Benchmark Replacement.
If the Company or its Designee determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
prior to the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace
the then-current Benchmark for all purposes relating to the Notes in respect of such determination on such date and all determinations
on all subsequent dates.

 

(ii) Benchmark Replacement
Conforming Changes. In connection with the implementation of a Benchmark Replacement, the Company or its Designee will have the
right to make Benchmark Replacement Conforming Changes from time to time.

 

(iii) Decisions and Determinations.
Any determination, decision or election that may be made by the Company or its Designee pursuant to the benchmark replacement provisions
described in this Section 5(f), including any determination with respect to tenor, rate or adjustment or of the occurrence
or non-occurrence of an event, circumstance or date and any decision to take or refrain from taking any action or any selection:

 

(1) will be conclusive and
binding absent manifest error;

 

(2) if made by the Company,
will be made in its sole discretion;

 

(3) if made by the Company’s
Designee, will be made after consultation with the Company, and the Designee will not make any such determination, decision or
election to which the Company objects; and

 

(4) shall become effective
without consent from any other party.

 

(j) For purposes of this Section 5,
the following defined terms apply:

 

“Benchmark” means, initially, Compounded
SOFR, as defined above; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have occurred
with respect to Compounded SOFR (or the published daily SOFR used in the calculation thereof) or the then-current Benchmark, then
 “Benchmark” means the applicable Benchmark Replacement.

 

    	 	A-5	 

     

    

 

“Benchmark Replacement” means the first
alternative set forth in the order below that can be determined by the Company or its Designee as of the Benchmark Replacement
Date:

 

(i)            the
sum of: (1) an alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement
for the then-current Benchmark for the applicable Corresponding Tenor and (2) the Benchmark Replacement Adjustment;

 

(ii)           the
sum of: (1) the ISDA Fallback Rate and (2) the Benchmark Replacement Adjustment; and

 

(iii)          the
sum of: (1) the alternate rate of interest that has been selected by the Company or its Designee as the replacement for the
then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest
as a replacement for the then-current Benchmark for U.S. dollar denominated floating rate notes at such time and (2) the Benchmark
Replacement Adjustment.

 

“Benchmark Replacement Adjustment” means
the first alternative set forth in the order below that can be determined by the Company or its Designee as of the Benchmark Replacement
Date:

 

(i)            the
spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or
zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement;

 

(ii)           if
the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment; and

 

(iii)          the
spread adjustment (which may be a positive or negative value or zero) that has been selected by the Company or its Designee giving
due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment,
for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar denominated
floating rate notes at such time.

 

“Benchmark Replacement Conforming Changes”
means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the
definitions or interpretations of Interest Period, the timing and frequency of determining rates and making payments of interest,
the rounding of amounts or tenors, and other administrative matters) that the Company or its Designee decides may be appropriate
to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Company
or its Designee decides that adoption of any portion of such market practice is not administratively feasible or if the Company
or its Designee determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the Company
or its Designee determines is reasonably practicable).

 

    	 	A-6	 

     

    

 

“Benchmark Replacement Date” means the earliest
to occur of the following events with respect to the then-current Benchmark:

 

(i)            in
the case of clause (i) or (ii) of the definition of “Benchmark Transition Event,” the later of (x) the
date of the public statement or publication of information referenced therein and (y) the date on which the administrator
of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or

 

(ii)           in
the case of clause (iii) of the definition of “Benchmark Transition Event,” the date of the public statement or
publication of information referenced therein.

 

For the avoidance of doubt, if the event giving rise
to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination,
the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

 

“Benchmark Transition Event” means the occurrence
of one or more of the following events with respect to the then-current Benchmark:

 

(i)            a
public statement or publication of information by or on behalf of the administrator of the Benchmark announcing that such administrator
has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide the Benchmark;

 

(ii)           a
public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark, the central
bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution
authority with jurisdiction over the administrator for the Benchmark or a court or an entity with similar insolvency or resolution
authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease
to provide the Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no
successor administrator that will continue to provide the Benchmark; or

 

(iii)          a
public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that
the Benchmark is no longer representative.

 

“Corresponding Tenor” with respect to a
Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day adjustment)
as the applicable tenor for the then-current Benchmark.

 

    	 	A-7	 

     

    

 

“Federal Reserve Bank of New York’s Website”
means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor source.

 

“ISDA Definitions” means the 2006 ISDA Definitions
published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended or supplemented
from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

 

“ISDA Fallback Adjustment” means the spread
adjustment, (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing the ISDA
Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable tenor.

 

“ISDA Fallback Rate” means the rate that
would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index cessation
date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

 

“Reference Time” with respect to any determination
of the Benchmark means (1) if the Benchmark is Compounded SOFR, the SOFR Determination Time, and (2) if the Benchmark
is not Compounded SOFR, the time determined by the Company or its Designee in accordance with the Benchmark Replacement Conforming
Changes.

 

“Relevant Governmental Body” means the Federal
Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal Reserve
Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

“Unadjusted Benchmark Replacement” means
the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

		(6)	Interest Payment Dates: February 17, May 17, August 17 and November 17 of each year, beginning May 17,
2021, subject to adjustment if any such day is not a Business Day.

 

		(7)	Regular Record Dates for Interest Payable on any Interest Payment Date: The interest so payable, and punctually paid
or duly provided for, on any Interest Payment Date will be paid to the Person in whose name the Notes (or one or more Predecessor
Securities) is registered on the close of business of (i) if the Notes are issued as Global Securities, the day immediately
preceding the Interest Payment Date or (ii) if the Notes are issued in in definitive form, the 15th calendar day preceding
each Interest Payment Date, in each case, whether or not a Business Day. Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose
name the Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the payment
of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes not less than 10 days
prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with the requirements of
any securities exchange on which the Notes may be listed, and upon such notice as may be required by such exchange, in each case,
all as more fully provided in the Indenture.

 

    	 	A-8	 

     

    

 

		(8)	Place of Payment for the Notes: The place of payment of the principal of (and premium, if any) and any such interest
on the Notes will be the office or agency of the Company maintained for that purpose, which initially shall be the Trustee’s
corporate trust office in the City of New York, in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts, including by wire transfer of such payment to the person entitled to receive
such payments as specified in the Security Register; provided, however, that at the option of the Company payment
of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security
Register. Notwithstanding the foregoing, payment of any amount payable in respect of a Global Security will be made in accordance
with the applicable procedures of the Depositary.

 

		(9)	Optional Redemption: Other than as described in Paragraph (11) below, the Notes are not redeemable prior to their maturity.

 

		(10)	Additional Amounts: The Company will, subject to the exceptions and limitations set forth below, pay to the Holder of
a Note who is a non-resident of Canada under the Income Tax Act (Canada) such additional amounts as may be necessary so
that every net payment on such Note, after deduction or withholding by the Company or of any Paying Agent for or on account of
any present or future tax, assessment or other governmental charge (including penalties, interest and other liabilities related
thereto) imposed by the government of Canada (or any political subdivision or taxing authority thereof or therein) (collectively,
 “Canadian Taxes”) upon or as a result of such payment, will not be less than the amount provided in the Notes to be
then due and payable (and the Company shall remit the full amount withheld to the relevant authority in accordance with applicable
law); provided, however, that the Company will not be required to make any payment of additional amounts:

 

		(a)	to any person in respect of whom such taxes are required to be withheld or deducted as a result of such person or any other
person that has a beneficial interest in respect of any payment under the Notes not dealing at arm’s length with the Company
(within the meaning of the Income Tax Act (Canada)), (ii) being a “specified shareholder” (as defined in
subsection 18(5) of the Income Tax Act (Canada)) of the Company, or (iii) not dealing at arm’s length (for
the purposes of the Income Tax Act (Canada)) with such a “specified shareholder”;

 

    	 	A-9	 

     

    

 

		(b)	to any person by reason of such person being connected with Canada (otherwise than merely by holding or ownership of a Note
or receiving any payments or exercising any rights thereunder), including without limitation a non-resident insurer who carries
on an insurance business in Canada and in a country other than Canada;

 

		(c)	for or on account of any tax, assessment or other governmental charge which would not have been so imposed but for: (i) the
presentation by the Holder of a Note for payment on a date more than 30 days after the date on which such payment became due and
payable or the date on which payment thereof is duly provided for, whichever occurs later; or (ii) the Holder’s failure
to comply with any certification, identification, information, documentation or other reporting requirements if compliance is required
by law, regulation, administrative practice or an applicable treaty as a precondition to exemption from or a reduction in the rate
of deduction or withholding of, any such taxes, assessment or charge;

 

		(d)	for or on account of any estate, inheritance, gift, sales, transfer, personal property tax or any similar tax, assessment or
other governmental charge;

 

		(e)	for or on account of any tax, assessment or other governmental charge required to be withheld by any Paying Agent from any
payment to a person on a Note if such payment can be made to such person without such withholding by at least one other Paying
Agent the identity of which is provided to such person;

 

		(f)	for or on account of any tax, assessment or other governmental charge which is payable otherwise than by withholding from a
payment on a Note;

 

		(g)	any withholding or deduction imposed pursuant to: (i) Sections 1471 to 1474 of the U.S. Internal Revenue Code of 1986,
as amended (“FATCA”), or any successor version thereof, or any similar legislation imposed by any other governmental
authority, (ii) any treaty, law, regulation or other official guidance enacted by Canada implementing FATCA or an intergovernmental
agreement with respect to FATCA or any similar legislation imposed by any other governmental authority, or (iii) any agreement
between the Corporation or the Guarantors and the United States or any authority thereof implementing FATCA; or

 

		(h)	for any combination of items (a), (b), (c), (d), (e), (f) and (g);

 

nor will additional amounts be paid with respect to
any payment on a Note to a Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to
the extent such payment would be required by the laws of Canada (or any political subdivision thereof) to be included in the income
for Canadian federal income tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership
or a beneficial owner who would not have been entitled to payment of the additional amounts had such beneficiary, settlor, member
or beneficial owner been the Holder of such Note.

 

    	 	A-10	 

     

    

 

The Company will furnish to the
Holders of the Notes by mail, within 30 days after the date of the payment of any Canadian Taxes is due under applicable law, certified
copies of tax receipts or other documents evidencing such payment.

 

Wherever in the Notes or the Indenture
there is mentioned, in any context, the payment of principal (and premium, if any), interest or any other amount payable under
or with respect to the Notes, such mention shall be deemed to include mention of the payment of additional amounts to the extent
that, in such context additional amounts are, were or would be payable in respect thereof.

 

		(11)	Tax Redemption: The Notes will be subject to redemption at any time at a Redemption Price equal to the principal amount
of the Notes, together with accrued and unpaid interest to the Redemption Date, upon the giving of notice by first-class mail at
least 10 days, but not more than 60 days, before the Redemption Date to each Holder of the Notes to be redeemed, if the Company
(or its successor) determines that (1) as a result of (A) any amendment to or change (including any announced prospective
change) in the laws or related regulations of Canada (or the Company’s successor’s jurisdiction of organization) or
of any applicable political subdivision or taxing authority or (B) any amendment to or change in an interpretation or application
of such laws or regulations by any legislative body, court, governmental agency or regulatory authority announced or becoming effective
on or after February 16, 2021, the Company has or will become obligated to pay, on the next Interest Payment Date for the
Notes, additional amounts with respect to any notes of the series as described above, or (2) on or after February 16,
2021, any action has been taken by any taxing authority of, or any decision has been rendered by a court in, Canada (or the Company’s
successor’s jurisdiction of organization) or any applicable political subdivision or taxing authority, including any of those
actions specified in (1) above, whether or not the action was taken or decision rendered with respect to the Company, or any
change, amendment, application or interpretation is officially proposed, which, in the opinion of the Company’s counsel,
will result in the Company becoming obligated to pay, on the next Interest Payment Date, additional amounts with respect to any
note of the series, and the Company has determined that the obligation cannot be avoided by the use of reasonable available measures.

 

		(12)	Denominations: The Notes are issuable only in registered form without coupons in denominations of US$2,000 and integral
multiples of US$1,000 thereof.

 

		(13)	Sinking Fund: The Notes will not be subject to any sinking fund.

 

    	 	A-11	 

     

    

 

		(14)	Defeasance and Covenant Defeasance: The Notes will be subject to defeasance and discharge as provided in Sections 1302
and 1303 of the Indenture.

 

		(15)	Form of Securities: The Notes will be initially represented by fully registered global notes deposited in book-entry
form with, or on behalf of, The Depository Trust Company (the “Depositary”), and registered in the name of Cede &
Co., as nominee of the Depositary, or such other name as may be requested by an authorized representative of the Depositary. The
Notes may be transferred or exchanged only through the Depositary and its participants, except under the circumstances specified
in the Indenture.

 

    	 	A-12	 

     

    

 

Exhibit B

 

    	 	B-1	 

     

    

 

THIS NOTE IS A GLOBAL SECURITY
WITHIN THE MEANING OF THE INDENTURE HEREINAFTER REFERRED TO AND IS REGISTERED IN THE NAME OF A DEPOSITARY OR A NOMINEE THEREOF.
THIS NOTE MAY NOT BE EXCHANGED IN WHOLE OR IN PART FOR A NOTE REGISTERED, AND NO TRANSFER OF THIS NOTE IN WHOLE OR IN
PART MAY BE REGISTERED, IN THE NAME OF ANY PERSON OTHER THAN SUCH DEPOSITARY OR A NOMINEE THEREOF, EXCEPT IN THE
LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE.

 

UNLESS THIS CERTIFICATE IS
PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO THE COMPANY
OR ITS AGENT FOR REGISTRATION OF TRANSFER, EXCHANGE OR PAYMENT, AND ANY CERTIFICATE ISSUED IS REGISTERED IN THE NAME OF CEDE &
CO. OR IN SUCH OTHER NAME AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC (AND ANY PAYMENT IS MADE TO CEDE & CO.
OR TO SUCH OTHER ENTITY AS IS REQUESTED BY AN AUTHORIZED REPRESENTATIVE OF DTC), ANY TRANSFER, PLEDGE OR OTHER USE HEREOF FOR VALUE
OR OTHERWISE BY OR TO ANY PERSON IS WRONGFUL INASMUCH AS THE REGISTERED OWNER HEREOF, CEDE & CO., HAS AN INTEREST HEREIN.

 

    	 	 	 

     

    

 

 

ENBRIDGE INC.

 

Floating Rate Senior Notes due 2023

 

CUSIP
No.: 29250N BD6

 

ISIN
No.: US29250NBD66

 

	No. R-1	US$500,000,000

 

ENBRIDGE
INC., a corporation duly incorporated under the Companies Act of the Northwest Territories and continued and existing under the
Canada Business Corporations Act (herein called the “Company,” which term includes any successor Person under the Indenture
hereinafter referred to), for value received, hereby promises to pay to CEDE & CO., or registered assigns, the principal
sum of Five Hundred Million Dollars on February 17, 2023, and to pay interest thereon from February 19, 2021 or
from the most recent Interest Payment Date to which interest has been paid or duly provided for, quarterly on February 17,
May 17, August 17 and November 17 in each year, commencing May 17, 2021 at the rate equal to Compounded SOFR
(calculated pursuant to the provisions set forth on the reverse of this Note) plus 0.40% per annum (40 basis points), until the
principal hereof is paid or made available for payment. The interest so payable, and punctually paid or duly provided for, on any
Interest Payment Date will, as provided in such Indenture, be paid to the Person in whose name this Note (or one or more Predecessor
Securities) is registered on the close of business on the Regular Record Date for such interest, which shall be the day immediately
preceding the Interest Payment Date (whether or not a Business Day). Any such interest not so punctually paid or duly provided
for will forthwith cease to be payable to the Holder on such Regular Record Date and may either be paid to the Person in whose
name this Note (or one or more Predecessor Securities) is registered at the close of business on a Special Record Date for the
payment of such Defaulted Interest to be fixed by the Trustee, notice whereof shall be given to Holders of the Notes of this series
not less than 10 days prior to such Special Record Date, or be paid at any time in any other lawful manner not inconsistent with
the requirements of any securities exchange on which the Notes of this series may be listed, and upon such notice as may be required
by such exchange, in each case, all as more fully provided in said Indenture.

 

The amount of interest accrued and payable
on this Note for each Interest Period will be equal to the product of (i) the outstanding principal amount of this Note multiplied
by (ii) the product of (a) the Interest Rate for the relevant Interest Period multiplied by (b) the quotient of
the actual number of calendar days in such Interest Period divided by 360.

 

Payment of the principal of (and premium,
if any) and any such interest on this Note will be made at the office or agency of the Company maintained for that purpose in the
City of New York and Calgary, Alberta, Canada, in such coin or currency of the United States of America as at the time of payment
is legal tender for payment of public and private debts, including by wire transfer of such payment to the person entitled to receive
such payments as specified in the Security Register; provided, however, that at the option of the Company payment
of interest may be made by check mailed to the address of the Person entitled thereto as such address shall appear in the Security
Register. Notwithstanding the foregoing, payment of any amount payable in respect of a Global Security will be made in accordance
with the applicable procedures of the Depositary.

 

    

     

    

 

Unless the certificate of authentication hereon
has been executed by the Trustee referred to on the reverse hereof by manual signature, this Note shall not be entitled to any
benefit under the Indenture or be valid or obligatory for any purpose.

 

    

     

    

 

IN WITNESS WHEREOF, the Company has caused
this instrument to be duly executed.

 

	 	ENBRIDGE INC.
	 	 
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

[Signature Page to Note]

 

    

     

    

 

TRUSTEE’S CERTIFICATE OF AUTHENTICATION

 

This is one of the Securities of the series
designated therein referred to in the within-mentioned Indenture.

 

Dated: February ___, 2021

 

	 	
        Deutsche Bank Trust Company Americas,

        As Trustee

         

	 	 
	 	 
	 	By:	 
	 	 	Name:	 
	 	 	Title:	 

 

    

     

    

 

(REVERSE OF NOTE)

 

Enbridge Inc.

 

Floating Rate Senior Notes

due 2023

 

This Security is one of a duly authorized
issue of securities of the Company (herein called the “Notes”), issued and to be issued in one or more series under
an Indenture, dated as of February 25, 2005, between the Company and Deutsche Bank Trust Company Americas, as Trustee (herein
called the “Trustee,” which term includes any successor trustee under the Indenture), as amended and supplemented by
the First Supplemental Indenture, dated as of March 1, 2012, between the Company and the Trustee, and as further amended and
supplemented by the Sixth Supplemental Indenture, dated as of May 13, 2019, among the Company, Spectra Energy Partners, LP
(“SEP”), Enbridge Energy Partners, L.P. (“EEP” and, together with SEP, the “Guarantors”) and
the Trustee (herein called the “Indenture,” which term shall have the meaning assigned to it in such instrument), and
reference is hereby made to the Indenture for a statement of the respective rights, limitations of rights, duties and immunities
thereunder of the Company, the Guarantors, the Trustee and the Holders of the Notes and of the terms upon which the Notes are,
and are to be, authenticated and delivered. This Note is one of the series designated as the Floating Rate Senior Notes due 2023
of the Company, issued in initial aggregate principal amount of $500,000,000.

 

If any Interest Payment Date would otherwise
be a day that is not a Business Day (as defined below) (other than the Interest Payment Date that is also the Maturity Date), the
Interest Payment Date will be postponed to the immediately succeeding day that is a Business Day, except that if that Business
Day is in the immediately succeeding calendar month, the Interest Payment Date shall be the immediately preceding Business Day.
If the Maturity Date or a Redemption Date (as defined below) is not a Business Day, payment of principal and interest will be made
on the next succeeding Business Day, and no interest will accrue for the period from and after the Maturity Date or such Redemption
Date.

 

Interest on the Notes will accrue from February 19,
2021.

 

The Notes will bear interest at a rate of
Compounded SOFR for the applicable Interest Period or Initial Interest Period (each as defined below) plus 0.40% per annum (40
basis points) (the “Margin”); provided that the rate shall not be less than 0.00%. The “Initial Interest Period”
will be the period from and including the original issue date to but excluding the initial Interest Payment Date. Thereafter, each
 “Interest Period” will be the period from and including an Interest Payment Date to but excluding the immediately succeeding
Interest Payment Date; provided, that the final Interest Period for the Notes will be the period from and including the Interest
Payment Date immediately preceding the Maturity Date of such Notes to but excluding the Maturity Date.

 

The amount of interest accrued and payable
on the Notes for each Interest Period will be equal to the product of (i) the outstanding principal amount of the Notes multiplied
by (ii) the product of (a) the Interest Rate for the relevant Interest Period multiplied by (b) the quotient of
the actual number of days in such Interest Period divided by 360.

 

    

     

    

 

The Trustee or its successor appointed by
the Company, will act as calculation agent (the “Calculation Agent”). “Compounded SOFR” will be determined
by the Calculation Agent in accordance with the following formula (and the resulting percentage will be rounded, if necessary,
to the nearest one hundred-thousandth of a percentage point, e.g., 9.753973% (or .09753973) being rounded down to 9.75397% (or
..0975397) and 9.753978% (or .09753978) being rounded up to 9.75398% (or .0975398)):

 

 

where:

 

“d0” for any Observation
Period, is the number of U.S. Government Securities Business Days in the relevant Observation Period;

 

“i” is a series of whole numbers
from one to d0, each representing the relevant U.S. Government Securities Business Day in chronological order from,
and including, the first U.S. Government Securities Business Day in the relevant Observation Period;

 

“SOFRi,” for any U.S.
Government Securities Business Day “i” in the relevant Observation Period, is equal to SOFR in respect of that day
 “i”;

 

“ni,” for any U.S.
Government Securities Business Day “i” in the relevant Observation Period, is the number of calendar days from, and
including, such U.S. Government Securities Business Day “i” to, but excluding, the following U.S. Government Securities
Business Day (“i+1”);

 

“d” is the number of calendar
days in the relevant Observation Period;

 

“Observation Period” is (i) in
respect of each Interest Period, the period from, and including, the date that is two U.S. Government Securities Business Days
preceding the first date in such Interest Period to, but excluding, the Interest Payment Determination Date for such Interest Period
and (ii) in respect of the payment of any interest in connection with any redemption of the Notes, the period from, and including,
the date that is two U.S. Government Securities Business Days preceding the first date in the Interest Period in which such redemption
occurs to, but excluding, the date that is two U.S. Government Securities Business Days before such redemption;

 

“U.S. Government Securities Business
Day” is any day except for a Saturday, a Sunday or a day on which the Securities Industry and Financial Markets Association
recommends that the fixed income departments of its members be closed for the entire day for purposes of trading in U.S. government
securities; and

 

    

     

    

 

“Interest Payment Determination Date”
is the date that is two U.S. Government Securities Business Days before each Interest Payment Date.

 

For the calculations set forth herein, the
daily SOFR in effect on any U.S. Government Securities Business Day will be the applicable SOFR as reset on that date.

 

For purposes of determining Compounded SOFR,
 “SOFR” means, with respect to any U.S. Government Securities Business Day:

 

(a) the Secured Overnight Financing Rate
published for such U.S. Government Securities Business Day as such rate appears on the Federal Reserve Bank of New York’s
Website at 3:00 p.m. (New York time) on the immediately following U.S. Government Securities Business Day (the “SOFR
Determination Time”); or

 

(b) if the rate specified in (a) above
does not so appear, unless both a Benchmark Transition Event and its related Benchmark Replacement Date have occurred, the Secured
Overnight Financing Rate as published in respect of the first preceding U.S. Government Securities Business Day for which the Secured
Overnight Financing Rate was published on the Federal Reserve Bank of New York’s Website.

 

Notwithstanding anything to the contrary herein,
if the Company or its designee (which may be the Calculation Agent only if the Calculation Agent consents to such appointment in
its sole discretion with no liability therefor, a successor calculation agent, or such other designee of the Company acting as
its agent as described in these benchmark transition provisions (any of such entities, a “Designee”)) determines on
or prior to the relevant Reference Time that a Benchmark Transition Event and its related Benchmark Replacement Date (each as defined
below) have occurred with respect to determining Compounded SOFR, then the benchmark replacement provisions set forth below, will
thereafter apply to all determinations of the rate of interest payable on the Notes.

 

For the avoidance of doubt, in accordance
with the benchmark replacement provisions, after a Benchmark Transition Event and its related Benchmark Replacement Date have occurred,
the interest payable for each Interest Period on the Notes will be an annual rate equal to the sum of the Benchmark Replacement
(as defined below) and the applicable margin.

 

Effect of Benchmark Transition Event

 

(a) Benchmark Replacement. If the Company
or its Designee determines that a Benchmark Transition Event and its related Benchmark Replacement Date have occurred prior to
the Reference Time in respect of any determination of the Benchmark on any date, the Benchmark Replacement will replace the then-current
Benchmark for all purposes relating to the Notes in respect of such determination on such date and all determinations on all subsequent
dates.

 

(b) Benchmark Replacement Conforming
Changes. . In connection with the implementation of a Benchmark Replacement, the Company or its Designee will have the right to
make Benchmark Replacement Conforming Changes from time to time.

 

    

     

    

 

(c) Decisions and Determinations. Any
determination, decision or election that may be made by the Company or its Designee pursuant to the benchmark replacement provisions
described herein, including any determination with respect to tenor, rate or adjustment or of the occurrence or non-occurrence
of an event, circumstance or date and any decision to take or refrain from taking any action or any selection:

 

(1)            will
be conclusive and binding absent manifest error;

 

(2)            if
made by the Company, will be made in our its sole discretion;

 

(3)            if
made by our the Company’s Designee, will be made after consultation with the Company, and the Designee will not make any
such determination, decision or election to which we the Company objects; and

 

(4)            shall
become effective without consent from any other party.

 

“Benchmark” means, initially,
Compounded SOFR, as defined above; provided that if a Benchmark Transition Event and its related Benchmark Replacement Date have
occurred with respect to Compounded SOFR (or the published daily SOFR used in the calculation thereof) or the then-current Benchmark,
then “Benchmark” means the applicable Benchmark Replacement.

 

“Benchmark Replacement” means
the first alternative set forth in the order below that can be determined by the Company or its Designee as of the Benchmark Replacement
Date:

 

(1)            the
sum of: (a) an alternate rate of interest that has been selected or recommended by the Relevant Governmental Body as the replacement
for the then-current Benchmark for the applicable Corresponding Tenor and (b) the Benchmark Replacement Adjustment;

 

(2)            the
sum of: (a) the ISDA Fallback Rate and (b) the Benchmark Replacement Adjustment; and

 

(3)            the
sum of: (a) the alternate rate of interest that has been selected by the Company or its Designee as the replacement for the
then-current Benchmark for the applicable Corresponding Tenor giving due consideration to any industry-accepted rate of interest
as a replacement for the then-current Benchmark for U.S. dollar denominated floating rate notes at such time and (b) the Benchmark
Replacement Adjustment.

 

“Benchmark Replacement Adjustment”
means the first alternative set forth in the order below that can be determined by the Company or its Designee as of the Benchmark
Replacement Date:

 

(1)            the
spread adjustment, or method for calculating or determining such spread adjustment (which may be a positive or negative value or
zero) that has been selected or recommended by the Relevant Governmental Body for the applicable Unadjusted Benchmark Replacement;

 

    

     

    

 

(2)            if
the applicable Unadjusted Benchmark Replacement is equivalent to the ISDA Fallback Rate, then the ISDA Fallback Adjustment; and

 

(3)            the
spread adjustment (which may be a positive or negative value or zero) that has been selected by the Company or its Designee giving
due consideration to any industry-accepted spread adjustment, or method for calculating or determining such spread adjustment,
for the replacement of the then-current Benchmark with the applicable Unadjusted Benchmark Replacement for U.S. dollar denominated
floating rate notes at such time.

 

“Benchmark Replacement Conforming Changes”
means, with respect to any Benchmark Replacement, any technical, administrative or operational changes (including changes to the
definitions or interpretations of Interest Period, the timing and frequency of determining rates and making payments of interest,
the rounding of amounts or tenors, and other administrative matters) that the Company or its Designee decides may be appropriate
to reflect the adoption of such Benchmark Replacement in a manner substantially consistent with market practice (or, if the Company
or its Designee decides that adoption of any portion of such market practice is not administratively feasible or if the Company
or its Designee determines that no market practice for use of the Benchmark Replacement exists, in such other manner as the Company
or its Designee determines is reasonably practicable).

 

“Benchmark Replacement Date” means
the earliest to occur of the following events with respect to the then-current Benchmark:

 

(1)            in
the case of clause (1) or (2) of the definition of “Benchmark Transition Event,” the later of (x) the
date of the public statement or publication of information referenced therein and (y) the date on which the administrator
of the Benchmark permanently or indefinitely ceases to provide the Benchmark; or

 

(2)            in
the case of clause (3) of the definition of “Benchmark Transition Event,” the date of the public statement or
publication of information referenced therein.

 

For the avoidance of doubt, if the event giving
rise to the Benchmark Replacement Date occurs on the same day as, but earlier than, the Reference Time in respect of any determination,
the Benchmark Replacement Date will be deemed to have occurred prior to the Reference Time for such determination.

 

“Benchmark Transition Event” means
the occurrence of one or more of the following events with respect to the then-current Benchmark:

 

(1)            a
public statement or publication of information by or on behalf of the administrator of the Benchmark announcing that such administrator
has ceased or will cease to provide the Benchmark, permanently or indefinitely, provided that, at the time of such statement or
publication, there is no successor administrator that will continue to provide the Benchmark;

 

    

     

    

 

(2)            a
public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark, the central
bank for the currency of the Benchmark, an insolvency official with jurisdiction over the administrator for the Benchmark, a resolution
authority with jurisdiction over the administrator for the Benchmark or a court or an entity with similar insolvency or resolution
authority over the administrator for the Benchmark, which states that the administrator of the Benchmark has ceased or will cease
to provide the Benchmark permanently or indefinitely, provided that, at the time of such statement or publication, there is no
successor administrator that will continue to provide the Benchmark; or

 

(3)            a
public statement or publication of information by the regulatory supervisor for the administrator of the Benchmark announcing that
the Benchmark is no longer representative.

 

“Corresponding Tenor” with respect
to a Benchmark Replacement means a tenor (including overnight) having approximately the same length (disregarding business day
adjustment) as the applicable tenor for the then-current Benchmark.

 

“Federal Reserve Bank of New York’s
Website” means the website of the Federal Reserve Bank of New York, currently at http://www.newyorkfed.org, or any successor
source.

 

“ISDA Definitions” means the 2006
ISDA Definitions published by the International Swaps and Derivatives Association, Inc. or any successor thereto, as amended
or supplemented from time to time, or any successor definitional booklet for interest rate derivatives published from time to time.

 

“ISDA Fallback Adjustment” means
the spread adjustment, (which may be a positive or negative value or zero) that would apply for derivatives transactions referencing
the ISDA Definitions to be determined upon the occurrence of an index cessation event with respect to the Benchmark for the applicable
tenor.

 

“ISDA Fallback Rate” means the
rate that would apply for derivatives transactions referencing the ISDA Definitions to be effective upon the occurrence of an index
cessation date with respect to the Benchmark for the applicable tenor excluding the applicable ISDA Fallback Adjustment.

 

“Reference Time” with respect
to any determination of the Benchmark means (1) if the Benchmark is Compounded SOFR, the SOFR Determination Time, and (2) if
the Benchmark is not Compounded SOFR, the time determined by the Company or its Designee in accordance with the Benchmark Replacement
Conforming Changes.

 

“Relevant Governmental Body” means
the Federal Reserve Board and/or the Federal Reserve Bank of New York, or a committee officially endorsed or convened by the Federal
Reserve Board and/or the Federal Reserve Bank of New York or any successor thereto.

 

“Unadjusted Benchmark Replacement”
means the Benchmark Replacement excluding the Benchmark Replacement Adjustment.

 

    

     

    

 

The Company will, subject to the exceptions
and limitations set forth below, pay to the Holder of a Note who is a non-resident of Canada under the Income Tax Act (Canada)
such additional amounts as may be necessary so that every net payment on such Note, after deduction or withholding by the Company
or of any Paying Agent for or on account of any present or future tax, assessment or other governmental charge (including penalties,
interest and other liabilities related thereto) imposed by the government of Canada (or any political subdivision or taxing authority
thereof or therein) (collectively, “Canadian Taxes”) upon or as a result of such payment, will not be less than the
amount provided in the Notes to be then due and payable (and the Company shall remit the full amount withheld to the relevant authority
in accordance with applicable law); provided, however, that the Company will not be required to make any payment
of additional amounts:

 

		(a)	to any person in respect of whom such taxes are required to be withheld or deducted as a result of such person or any other
person that has a beneficial interest in respect of any payment under the Notes not dealing at arm’s length with the Company
(within the meaning of the Income Tax Act (Canada)), (ii) being a “specified shareholder” (as defined in
subsection 18(15) of the Income Tax Act (Canada)) of the Company, or (iii) not dealing at arm’s length (for the
purposes of the Income Tax Act (Canada)) with such a “specified shareholder”;

 

		(b)	to any person by reason of such person being connected with Canada (otherwise than merely by holding or ownership of a Note
or receiving any payments or exercising any rights thereunder), including without limitation a non-resident insurer who carries
on an insurance business in Canada and in a country other than Canada;

 

		(c)	for or on account of any tax, assessment or other governmental charge which would not have been so imposed but for: (i) the
presentation by the Holder of a Note for payment on a date more than 30 days after the date on which such payment became due and
payable or the date on which payment thereof is duly provided for, whichever occurs later; or (ii) the Holder’s failure
to comply with any certification, identification, information, documentation or other reporting requirements if compliance is required
by law, regulation, administrative practice or an applicable treaty as a precondition to exemption from or a reduction in the rate
of deduction or withholding of, any such taxes, assessment or charge;

 

		(d)	for or on account of any estate, inheritance, gift, sales, transfer, personal property tax or any similar tax, assessment or
other governmental charge;

 

		(e)	for or on account of any tax, assessment or other governmental charge required to be withheld by any Paying Agent from any
payment to a person on a Note if such payment can be made to such person without such withholding by at least one other Paying
Agent the identity of which is provided to such person;

 

		(f)	for or on account of any tax, assessment or other governmental charge which is payable otherwise than by withholding from a
payment on a Note;

 

    

     

    

 

		(g)	any withholding or deduction imposed pursuant to: (i) Sections 1471 to 1474 of the U.S. Internal Revenue Code of 1986,
as amended (“FATCA”), or any successor version thereof, or any similar legislation imposed by any other governmental
authority, (ii) any treaty, law, regulation or other official guidance enacted by Canada implementing FATCA or an intergovernmental
agreement with respect to FATCA or any similar legislation imposed by any other governmental authority, or (iii) any agreement
between the Corporation or the Guarantors and the United States or any authority thereof implementing FATCA; or

 

		(h)	for any combination of items (a), (b), (c), (d), (e), (f) and (g);

 

nor will additional amounts be paid with respect to any payment
on a Note to a Holder who is a fiduciary or partnership or other than the sole beneficial owner of such payment to the extent such
payment would be required by the laws of Canada (or any political subdivision thereof) to be included in the income for Canadian
federal income tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial
owner who would not have been entitled to payment of the additional amounts had such beneficiary, settlor, member or beneficial
owner been the Holder of such Note.

 

The Company will furnish to the Holders of
the Notes by mail, within 30 days after the date of the payment of any Canadian Taxes is due under applicable law, certified copies
of tax receipts or other documents evidencing such payment.

 

Wherever in this Note or the Indenture there
is mentioned, in any context, the payment of principal (and premium, if any), interest or any other amount payable under or with
respect to the Notes, such mention shall be deemed to include mention of the payment of additional amounts to the extent that,
in such context additional amounts are, were or would be payable in respect thereof.

 

The Company may, at any time, and from time
to time, issue additional Notes under the Indenture in unlimited amounts having the same terms as this Note, and such additional
Notes will, together with this Note and any Notes which may be issued in exchange or substitution herefor, constitute a single
series of Notes under the Indenture.

 

The Notes of this series will be subject to
redemption at any time at a Redemption Price equal to the principal amount of the Notes, together with accrued and unpaid interest
to the Redemption Date, upon the giving of notice by first-class mail at least 10 days, but not more than 60 days, before the Redemption
Date to each Holder of the Notes to be redeemed, if the Company (or its successor) determines that (1) as a result of (A) any
amendment to or change (including any announced prospective change) in the laws or related regulations of Canada (or the Company’s
successor’s jurisdiction of organization) or of any applicable political subdivision or taxing authority or (B) any
amendment to or change in an interpretation or application of such laws or regulations by any legislative body, court, governmental
agency or regulatory authority announced or becoming effective on or after February 16, 2021, the Company has or will become
obligated to pay, on the next Interest Payment Date for the Notes, additional amounts with respect to any Notes of the series as
described above, or (2) on or after February 16, 2021, any action has been taken by any taxing authority of, or any decision
has been rendered by a court in, Canada (or the Company’s successor’s jurisdiction of organization) or any applicable
political subdivision or taxing authority, including any of those actions specified in (1) above, whether or not the action
was taken or decision rendered with respect to the Company, or any change, amendment, application or interpretation is officially
proposed, which, in the opinion of the Company’s counsel, will result in the Company becoming obligated to pay, on the next
Interest Payment Date, additional amounts with respect to any Note of the series, and the Company has determined that the obligation
cannot be avoided by the use of reasonable available measures.

 

    

     

    

 

The Indenture contains provisions for defeasance
at any time of the entire indebtedness of this Note or certain restrictive covenants and Events of Default with respect to this
Note, in each case upon compliance with certain conditions set forth in the Indenture.

 

If an Event of Default
with respect to Notes of this series shall occur and be continuing, the principal of the Notes of this series may be declared due
and payable in the manner and with the effect provided in the Indenture.

 

The Indenture permits, with certain exceptions
as therein provided, the amendment thereof and the modification of the rights and obligations of the Company and the rights of
the Holders of the Notes of each series to be affected under the Indenture at any time by the Company and the Trustee with the
consent of the Holders of a majority in principal amount of the Notes at the time Outstanding of each series to be affected. The
Indenture also contains provisions permitting the Holders of specified percentages in principal amount of the Notes of each series
at the time Outstanding, on behalf of the Holders of all Notes of such series, to waive compliance by the Company with certain
provisions of the Indenture and certain past defaults under the Indenture and their consequences. Any such consent or waiver by
the Holder of this Note shall be conclusive and binding upon such Holder and upon all future Holders of this Note and of any Note
issued upon the registration of transfer hereof or in exchange herefor or in lieu hereof, whether or not notation of such consent
or waiver is made upon this Note.

 

As provided in and subject to the provisions
of the Indenture, the Holder of this Note shall not have the right to institute any proceeding with respect to the Indenture or
for the appointment of a receiver or trustee or for any other remedy thereunder, unless such Holder shall have previously given
the Trustee written notice of a continuing Event of Default with respect to the Notes of this series, the Holders of not less than
25% in principal amount of the Notes of this series at the time Outstanding shall have made written request to the Trustee to institute
proceedings in respect of such Event of Default as Trustee and offered the Trustee reasonable indemnity, and the Trustee shall
not have received from the Holders of a majority in principal amount of Notes of this series at the time Outstanding a direction
inconsistent with such request, and shall have failed to institute any such proceeding, for 60 days after receipt of such notice,
request and offer of indemnity. The foregoing shall not apply to any suit instituted by the Holder of this Note for the enforcement
of any payment of principal hereof or any premium or interest hereon on or after the respective due dates expressed herein.

 

No reference herein to the Indenture and no
provision of this Note or of the Indenture shall alter or impair the obligation of the Company, which is absolute and unconditional,
to pay the principal of and any premium and interest on this Note at the times, place and rate, and in the coin or currency, herein
prescribed.

 

    

     

    

 

As provided
in the Indenture and subject to certain limitations therein set forth, certain obligations of the Company under the Indenture and
this Note are guaranteed pursuant to guarantees endorsed hereon as provided in the Indenture.  Each Holder, by holding this
Note, agrees to all of the terms and provisions of said guarantees.  The Indenture provides that either guarantor shall be
released from its guarantee upon the occurrence of certain events.

 

As provided in the Indenture and subject to
certain limitations therein set forth, the transfer of this Note is registrable in the Security Register, upon surrender of this
Note for registration of transfer at the office or agency of the Company in any place where the principal of and any premium and
interest on this Note are payable, duly endorsed by, or accompanied by a written instrument of transfer in form satisfactory to
the Company and the Security Registrar duly executed by, the Holder hereof or his attorney duly authorized in writing, and thereupon
one or more new Notes of this series and of like tenor, of authorized denominations and for the same aggregate principal amount,
will be issued to the designated transferee or transferees.

 

The Notes of this series are issuable only
in registered form without coupons in denominations of US$2,000 and integral multiples of US$1,000 thereof. As provided in the
Indenture and subject to certain limitations therein set forth, Notes of this series are exchangeable for a like aggregate principal
amount of Notes of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering
the same.

 

No service charge shall be made for any such
registration of transfer or exchange, but the Company may require payment of a sum sufficient to cover any tax or other governmental
charge payable in connection therewith.

 

Prior to due presentment of this Note for
registration of transfer, the Company, the Trustee and any agent of the Company or the Trustee may treat the Person in whose name
this Note is registered as the owner hereof for all purposes, whether or not this Note be overdue, and neither the Company, the
Trustee nor any such agent shall be affected by notice to the contrary.

 

All terms used in this Note which are not
defined in this Note and are defined in the Indenture shall have the meanings assigned to them in the Indenture.

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