Document:

Exhibit 10.1

 

INPUT
CAPITAL CORP.

 

and

 

102109637
SASKATCHEWAN LTD.

 

and

 

BRIDGEWAY
NATIONAL CORP.

 

 

 

ARRANGEMENT
AGREEMENT

 

 

 

August
12, 2020

 

    	 

     

    

 

TABLE
OF CONTENTS

 

	Part
    1 INTERPRETATION	2
	 	 
	 	Section
    1.1	Defined
    Terms	2
	 	Section
    1.2	Certain
    Rules of Interpretation	12
	 	 	 	 
	Part
    2 THE ARRANGEMENT	13
	 	 
	 	Section
    2.1	Arrangement	13
	 	Section
    2.2	Interim
    Order	13
	 	Section
    2.3	The
    Meeting	14
	 	Section
    2.4	The
    Company Circular	15
	 	Section
    2.5	Final
    Order	16
	 	Section
    2.6	Court
    Proceedings	16
	 	Section
    2.7	Articles
    of Arrangement and Effective Date	17
	 	Section
    2.8	Payment
    of Consideration	18
	 	Section
    2.9	Withholding
    Taxes	18
	 	Section
    2.10	Treatment
    of Company Equity Compensation Awards.	18
	 	 	 	 
	Part
    3 REPRESENTATIONS AND WARRANTIES	18
	 	 
	 	Section
    3.1	Representations
    and Warranties of the Company	18
	 	Section
    3.2	Representations
    and Warranties of the Purchaser	19
	 	Section
    3.3	Investigation	19
	 	 	 	 
	Part
    4 COVENANTS	19
	 	 
	 	Section
    4.1	Conduct
    of Business of the Company	19
	 	Section
    4.2	Covenants
    of the Company Relating to the Arrangement	22
	 	Section
    4.3	Covenants
    of the Purchaser Group Relating to the Arrangement	23
	 	Section
    4.4	Performance
    of Purchaser	24
	 	Section
    4.5	Further
    Assurances	24
	 	Section
    4.6	Public
    Communications	24
	 	Section
    4.7	Notice
    and Cure Provisions	24
	 	Section
    4.8	Insurance
    and Indemnification	25
	 	Section
    4.9	Exchange
    Matters	26
	 	Section
    4.10	Pre-Closing
    and Closing Matters	26
	 	Section
    4.11	Access
    to Information	26
	 	Section
    4.12	Purchaser
    Group Financings	27
	 	 	 	 
	Part
    5 ADDITIONAL COVENANTS REGARDING NON-SOLICITATION	29
	 	 
	 	Section
    5.1	Non-Solicitation	29
	 	Section
    5.2	Notification
    of Acquisition Proposals	30
	 	Section
    5.3	Responding
    to an Acquisition Proposal	31
	 	Section
    5.4	Right
    to Match	32
	 	 	 	 
	Part
    6 CONDITIONS	34
	 	 
	 	Section
    6.1	Mutual
    Conditions Precedent	34
	 	Section
    6.2	Additional
    Conditions Precedent to the Obligations of the Purchaser	35
	 	Section
    6.3	Additional
    Conditions Precedent to the Obligations of the Company	36
	 	Section
    6.4	Satisfaction
    of Conditions	37
	 	Section
    6.5	Delivered
    Calculations	37
	 	 	 	 
	Part
    7 TERM AND TERMINATION	37
	 	 
	 	Section
    7.1	Termination	37
	 	Section
    7.2	Agreement
    to Termination Fees	39

 

    	i 

    	 

    

 

	Part
    8 GENERAL PROVISIONS	40
	 	 
	 	Section
    8.1	Amendments	40
	 	Section
    8.2	Notices	41
	 	Section
    8.3	Time
    of the Essence	42
	 	Section
    8.4	Injunctive
    Relief	42
	 	Section
    8.5	Third
    Party Beneficiaries	43
	 	Section
    8.6	Waiver	43
	 	Section
    8.7	Entire
    Agreement	43
	 	Section
    8.8	Successors
    and Assigns	43
	 	Section
    8.9	Further
    Assurances	44
	 	Section
    8.10	Severability	44
	 	Section
    8.11	Expenses	44
	 	Section
    8.12	Governing
    Law	44
	 	Section
    8.13	Rules
    of Construction	45
	 	Section
    8.14	No
    Liability	45
	 	Section
    8.15	Counterparts	45

 

SCHEDULES

 

	 	Schedule
    A	Plan
    of Arrangement
	 	Schedule
    B	Arrangement
    Resolution
	 	Schedule
    C	Representations
    and Warranties of the Company
	 	Schedule
    D	Representations
    and Warranties of the Purchaser

 

    	ii 

    	 

    

 

ARRANGEMENT
AGREEMENT

 

THIS
AGREEMENT is made as of August 12, 2020,

 

AMONG:

 

INPUT
CAPITAL CORP., a corporation existing under the laws of Saskatchewan

 

(the
“Company” or “Input”),

 

AND:

 

102109637
SASKATCHEWAN LTD., a corporation existing under the laws of Saskatchewan

 

(the
“Purchaser”),

 

AND:

BRIDGEWAY
NATIONAL CORP., a corporation existing under the laws of Delaware

 

(“Bridgeway”),

 

NOW
THEREFORE, in consideration of the covenants and agreements herein contained, the Parties (as defined hereinbelow) agree as
follows:

 

Part
1

INTERPRETATION

 

Section
1.1 Defined Terms

 

As
used in this Agreement, the following terms have the following meanings:

 

“Acquisition
Proposal” means, other than the transactions contemplated by this Agreement, any bona fide offer, proposal, inquiry
or request for discussions or negotiations (written or oral) from any Person or group of Persons other than the Purchaser (or
any affiliate of the Purchaser) made after the date of this Agreement relating to: (i) any direct or indirect sale, disposition
or joint venture (or any lease or other arrangement having the same economic effect as a sale), in a single transaction or a series
of related transactions, of assets representing 20% or more of the consolidated assets or contributing 20% or more of the revenue
of the Company or of 20% or more of the voting, equity or other securities of the Company (or rights or interests therein); (ii)
any direct or indirect take-over bid, tender offer, exchange offer, treasury issuance or other transaction that, if consummated,
would result in a Person or group of Persons beneficially owning 20% or more of any class of voting, equity or other securities
or any other equity interests (including securities convertible into or exercisable or exchangeable for voting or equity securities)
of the Company; (iii) any plan of arrangement, merger, amalgamation, consolidation, share exchange, business combination, reorganization,
recapitalization, liquidation, dissolution, winding up or exclusive license involving the Company representing 20% or more of
the consolidated assets or contributing 20% or more of the revenue of the Company; (iv) any other similar transaction or series
of transactions involving the Company; or (v) any other transaction, the consummation of which could reasonably be expected to
impede, prevent or delay the transactions contemplated by this Agreement or the Arrangement.

 

    	-2-

    	 

    

 

“Affected
Securityholders” means the Shareholders.

 

“affiliate”
has the meaning specified in National Instrument 45-106 – Prospectus and Registration Exemptions.

 

“Agreement”
means this arrangement agreement.

 

“Arrangement”
means an arrangement under Section 186.1 of the BCA on the terms and subject to the conditions set out in the Plan of Arrangement,
subject to any amendments or variations to the Plan of Arrangement made in accordance with the terms of this Agreement or made
at the direction of the Court in the Final Order with the prior written consent of the Company and the Purchaser, each acting
reasonably.

 

“Arrangement
Resolution” means the special resolution approving the Plan of Arrangement to be considered at the Meeting substantially
in the form set out in Schedule B.

 

“Articles
of Arrangement” means the articles of arrangement of the Company in respect of the Arrangement, required by the BCA
to be sent to the Director after the Final Order is made, which will include the Plan of Arrangement and otherwise be in a form
and content satisfactory to the Company and the Purchaser, each acting reasonably.

 

“Authorization”
means, with respect to any Person, any authorization, order, permit, approval, grant, licence, registration, consent, right, notification,
condition, franchise, privilege, certificate, judgment, writ, injunction, award, determination, direction, decision, decree, by-law,
rule, regulation or similar authorization of any Governmental Entity having jurisdiction over the Person, or its business, assets
or securities, whether or not having the force of Law.

 

“BCA”
means The Business Corporations Act (Saskatchewan).

 

“Board”
means the board of directors of the Company as constituted from time to time.

 

“Board
Recommendation” has the meaning ascribed thereto in Section 2.4(2).

 

“Breaching
Party” has the meaning ascribed thereto in Section 4.7(3).

 

“Bump
Transactions” has the meaning ascribed thereto in Section 4.10(b).

 

    	-3-

    	 

    

 

“Business
Day” means any day of the year, other than a Saturday, Sunday, a public holiday or a day when banks in Regina, Saskatchewan
or Toronto, Ontario are not generally open for business.

 

“Calculation
Date” mean, the date which is two Business Days prior to the Effective Date, being the date on which the calculation
of Cash on Hand as at the Effective Date is prepared and the Cash on Hand Certificate delivered and, for greater certainty,

 

(a) all
information calculated on the Calculation Date will be based on information as at the close of business on, the date which is
the Business Day immediately preceding the Calculation Date, and

 
 

(b) the
amount of Cash on Hand stated in the Cash on Hand Certificate shall be the amount of Cash on Hand projected for the Effective
Date based on the cash flow analysis prepared by the Company and delivered as part of the Cash on Hand Certificate.

 

“Cash
on Hand” means the unrestricted cash of the Company in the form of immediately available funds less any cash in a bank
account of the Company against which a cheque has been written and released as determined in a manner consistent with the Company’s
past practice.

 

“Cash
on Hand Certificate” means the certificate delivered by the Company under signature of the Company’s Chief Financial
Officer (not in his personal capacity) setting out the calculation of the Cash on Hand.

 

“Certificate
of Arrangement” means the certificate of arrangement to be issued by the Director pursuant to Subsection 186.1(7) of
the BCA in respect of the Articles of Arrangement.

 

“Change
in Recommendation” occurs when, prior to the Required Securityholder Approval having been obtained, the Board of Directors
fails to recommend or withdraws, amends, modifies or qualifies, or fails to reaffirm Board Recommendation within five Business
Days (and in any case prior to the Meeting) by press release after (i) any Acquisition Proposal is made; or (ii) any reasonable
request in writing by the Purchaser Group.

 

“Commitment
Letters” means the Equity Commitment Letter and the Debt Commitment Letter.

 

“Common
Shares” means the common shares in the capital of the Company.

 

“Company”
or “Input” means Input Capital Corp.

 

“Company
Assets” means all of the assets, properties, permits, rights or other privileges (whether contractual or otherwise)
of the Company.

 

“Company
Circular” means the notice of the Meeting and accompanying management information circular, including all schedules,
appendices and exhibits to, and information incorporated by reference in, such management information circular, to be sent to
Affected Securityholders in connection with the Meeting, as amended, supplemented or otherwise modified from time to time in accordance
with the terms of this Agreement.

 

    	-4-

    	 

    

 

“Company’s
Constating Documents” means the articles of continuance and by-laws of the Company and all amendments to such articles
or by-laws.

 

“Company
Employees” means the directors, officers, employees and independent contractors of the Company.

 

“Company
Filings” means each report, press release, material change report, prospectus, management information circular, annual
and interim report to shareholders, financial statements, and any other document required to be filed with the Securities Authorities
by the Company since January 1, 2018.

 

“Company
Intellectual Property Rights” has the meaning ascribed thereto in paragraph (aa)(ii) of Schedule C.

 

“Company
IT Assets” has the meaning ascribed thereto in paragraph (aa)(v) of Schedule C.

 

“Company
Plans” means all plans, arrangements, agreements, programs, policies, practices or undertakings, whether oral or written,
formal or informal, funded or unfunded, insured or uninsured, registered or unregistered, including each health, medical, dental,
welfare, supplemental unemployment benefit, bonus, profit sharing, option, insurance, incentive compensation, deferred compensation,
change in control, retention, employment, employee loan, severance, share purchase, share compensation, fringe benefit, retiree
medical, disability, pension, superannuations, retirement or supplemental retirement plan, to which the Company is a party or
bound or in which any Company Employees or former Company Employees participate or under which the Company has or will have, any
liability or contingent liability or pursuant to which payments are made, or benefits are provided to, or any entitlement to payments
or benefits may arise with respect to any Company Employees or former Company Employees (or any spouses, dependents, survivors
or beneficiaries of any such persons) in Canada, the United States, or any other jurisdiction, excluding statutory benefit plans
to which the Company is required to participate.

 

“Company
Termination Fee” has the meaning ascribed thereto in Section 7.2(a)(i).

 

“Competition
Act” means the Competition Act (Canada), as amended and the regulations promulgated thereunder.

 

“Confidentiality
Agreement” means the confidentiality agreement entered into between the Company and Bridgeway dated July 27, 2020.

 

“Consideration”
means $1.75 in cash per Common Share.

 

“Contract”
means any agreement, commitment, engagement, contract, licence, lease, obligation, undertaking or joint venture (written or oral)
to which the Company is a party or by which it is bound or affected or to which any of its or their respective properties or assets
is subject.

 

“Court”
means the Court of the Queen’s Bench, or other court as applicable.

 

    	-5-

    	 

    

 

“Debt
Commitment Letter” means the commitment letter to provide the Debt Financing dated July 30, 2020.

 

“Debt
Financing” means the debt financing contemplated under the Debt Commitment Letter, the proceeds of which are intended
to be used by the Purchaser to satisfy the Consideration payable under the terms of the Plan of Arrangement.

 

“Debt
Financing Documents” means the definitive documentation with respect to the Debt Financing on the respective terms and
conditions contained in the Debt Commitment Letter.

 

“Definitive
Financing Documents” means the Equity Financing Documents and the Debt Financing Documents.

 

“Depositary”
means TSX Trust Company.

 

“Director”
means the Director appointed pursuant to Section 279 of the BCA.

 

“Disclosure
Letter” means the disclosure letter dated the date hereof which has been delivered by the Company to the Purchaser prior
to the execution of this Agreement.

 

“Dissent
Rights” means the rights of dissent in respect of the Arrangement described in the Plan of Arrangement.

 

“DSU”
means a deferred share unit issued under the DSU Plan.

 

“DSU
Consideration” means $1.75 in cash per DSU.

 

“DSU
Holder” means a holder of a DSU pursuant to the DSU Plan.

 

“DSU
Plan” means the deferred share unit plan dated December 1, 2013.

 

“Effective
Date” means the date shown on the Certificate of Arrangement giving effect to the Arrangement.

 

“Effective
Time” has the meaning ascribed thereto in the Plan of Arrangement.

 

“Environmental
Law” means any applicable Law regulating, relating to, or imposing liability or standards of conduct concerning pollution,
natural resources, the protection of occupational health and safety and the environment.

 

“Equity
Commitment Letter” means the commitment letter to provide the Equity Financing dated July 30, 2020.

 

“Equity
Financing” means the equity financing contemplated under the Equity Commitment Letter, the proceeds of which are intended
to be used by the Purchaser to satisfy the Consideration payable under the terms of the Plan of Arrangement.

 

“Equity
Financing Documents” means the definitive documentation with respect to the Equity Financing on the respective terms
and conditions contained in the Equity Commitment Letter.

 

    	-6-

    	 

    

 

“Exchange”
means the TSX Venture Exchange.

 

“Final
Order” means the final order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably,
approving the Arrangement, as such order may be amended by the Court (with the consent of both the Company and the Purchaser,
each acting reasonably) at any time prior to the Effective Date or, if appealed, then, unless such appeal is withdrawn or denied,
as affirmed or as amended (provided that any such amendment is acceptable to both the Company and the Purchaser, each acting reasonably)
on appeal.

 

“Governmental
Entity” means (i) any international, multinational, national, federal, provincial, state, regional, municipal, local
or other government, governmental or public department, central bank, court, tribunal, arbitral body, commission, board, bureau,
commissioner, minister, cabinet, governor in council, ministry, agency or instrumentality, domestic or foreign, (ii) any subdivision
or authority of any of the above, (iii) any quasi-governmental or private body exercising any regulatory, expropriation or taxing
authority under or for the account of any of the foregoing, or (iv) any stock exchange.

 

“IFRS”
means International Financial Reporting Standards as issued by the International Accounting Standards Board, as amended from time
to time.

 

“Indemnified
Persons” has the meaning specified in Section 8.5.

 

“Interim
Order” means the interim order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably,
providing for, among other things, the calling and holding of the Meeting, as such order may be amended by the Court with the
consent of the Company and the Purchaser, each acting reasonably.

 

“In-the-Money
Option” means an Option, whether vested or unvested, that has an exercise price payable in respect of the Common Share
underlying such Option that is less than the Consideration.

 

“In–the-Money
Option Consideration” means, in respect of each In-the-Money Option, a cash amount equal to the amount by which the
Consideration exceeds the exercise price payable under such In-the-Money Option by the holder thereof to acquire the Common Share
underlying such Option.

 

“Law”
means, with respect to any Person, any and all applicable law (statutory, common or otherwise), constitution, treaty, convention,
ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement, whether domestic
or foreign, enacted, adopted, promulgated or applied by a Governmental Entity that is binding upon or applicable to such Person
or its business, undertaking, property or securities, and to the extent that they have the force of law, policies, guidelines,
notices and protocols of any Governmental Entity, as amended unless expressly specified otherwise.

 

“Leased
Real Property” has the meaning ascribed thereto in paragraph (y) of Schedule C.

 

“Lien”
means any mortgage, charge, pledge, hypothec, security interest, prior claim, encroachment, option, right of first refusal or
first offer, occupancy right, covenant, assignment, lien (statutory or otherwise), defect of title, or restriction or adverse
right or claim, or other third party interest or encumbrance of any kind, in each case, whether contingent or absolute.

 

    	-7-

    	 

    

 

“Lock-Up
Agreements” means the voting and support agreements made between Input and Bridgeway and the Locked-Up Shareholders.

 

“Locked-Up
Shareholders” means the Persons who are party to the Lock-Up Agreements, as specified in the Disclosure Letter.

 

“Management”
means each of Doug Emsley, Brad Farquhar and Gord Nystuen.

 

“Matching
Period” has the meaning ascribed thereto in Section 5.4(1)(e).

 

“Material
Adverse Effect” means any change, event, occurrence, effect, state of facts or circumstance that, individually or in
the aggregate with other such changes, events, occurrences, effects, state of facts or circumstances:

 

(a)
is or would reasonably be expected to be material and adverse to the business, operations, results of operations, assets, properties,
capitalization, condition (financial or otherwise), liabilities (contingent or otherwise), licenses or permits of the Company,
except any such direct or indirect, either alone or in combination, change, event, occurrence, effect, state of facts or circumstances
resulting from:

 

(i)
any change affecting the Company’s industry as a whole;

 

(ii)
any change in Law or IFRS or in the interpretation or application of any Laws by any Governmental Entity;

 

(iii)
the announcement of this Agreement or the transactions contemplated hereby;

 

(iv)
any change in the market price or trading volume of any securities of the Company (it being understood that the causes underlying
such change in market price or trading volume may, to the extent not otherwise excluded from the definition of Material Adverse
Effect, be taken into account in determining whether a Material Adverse Effect has occurred);

 

(v)
changes, developments or conditions in or relating to general international, political, economic or financial or capital market
conditions in any jurisdiction in which the Company operates or carries on business;

 

(vi)
changes or developments in or relating to currency exchange or interest rates or rates of inflation;

 

(vii)
any natural disaster or epidemic, pandemic or disease outbreak (including the COVID-19 virus) or public health emergencies as
declared by any Governmental Entity or the World Health Organization;

 

    	-8-

    	 

    

 

(viii)
any failure to meet any internal or publicly disclosed projections, forecasts or estimates of, or guidance relating to, revenue,
earnings, cash flow or other financial metrics of the Company, whether made by or attributed to the Company or any financial analyst
or other person; or

 

(ix)
any legal proceedings commenced by or involving any current or former securityholders of the Company arising out of or relating
to this Agreement, provided, however, that with respect to clauses (i), (ii), (v), (vi) or (vii), such matter does not have a
materially disproportionate effect on the business, operations, results of operations, assets, properties, capitalization, condition
(financial or otherwise), or liabilities (contingent or otherwise) of the Company relative to other companies and entities of
comparable size operating in the Company’s industry; or

 

(b)
materially impairs or delays, or could reasonably be expected to materially impair or delay, the performance by the Company of
its obligations under this Agreement or impair or delay the Company’s ability to consummate the Arrangement or any other
transaction contemplated by this Agreement by the Outside Date.

 

“Meeting”
means the special meeting of Affected Securityholders, including any adjournment or postponement of such special meeting in accordance
with the terms of this Agreement, to be called and held in accordance with the Interim Order to consider the Arrangement Resolution.

 

“MI
61-101” means Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions.

 

“Misrepresentation”
has the meaning ascribed thereto under Securities Laws.

 

“Money
Laundering Laws” has the meaning ascribed thereto in paragraph (nn) of Schedule C.

 

“officer”
has the meaning ascribed thereto in The Securities Act, 1998 (Saskatchewan).

 

“Optionholders”
means the holders of Options granted pursuant to the Stock Option Plan.

 

“Options”
means the outstanding options to purchase Common Shares issued pursuant to the Stock Option Plan.

 

“Ordinary
Course” means, with respect to an action taken by the Company, that such action is consistent with the past practices
of the Company and is taken in the ordinary course of the normal day-to-day operations of the business of the Company including
without limitation, actions taken in accordance with a budget approved by the Board.

 

“Outside
Date” means October 31, 2020 or such later date as may be agreed to in writing by the Parties.

 

“Parties”
means the Company, the Purchaser and Bridgeway and “Party” means any one of them.

 

“Permits”
has the meaning ascribed thereto in paragraph (r) of Schedule C.

 

    	-9-

    	 

    

 

“Person”
includes any individual, partnership, association, body corporate, organization, trust, estate, trustee, executor, administrator,
legal representative, government (including Governmental Entity), syndicate or other entity, whether or not having legal status.

 

“Plan
of Arrangement” means the plan of arrangement, substantially in the form set out in Schedule A, subject to any amendments
or variations to such plan made in accordance with this Agreement or made at the direction of the Court in the Final Order with
the prior written consent of the Company and the Purchaser, each acting reasonably.

 

“Proceedings”
means any claim, action, suit, proceeding, arbitration, mediation or investigation, whether civil, criminal, administrative or
investigative.

 

“Purchaser”
means ● Saskatchewan Ltd.

 

“Purchaser
Group” means collectively, each of the Purchaser and Bridgeway.

 

“Purchaser
Termination Fee” has the meaning ascribed thereto in Section 7.2(a)(ii).

 

“Representative”
has the meaning ascribed thereto in Section 5.1(1).

 

“Required
Securityholder Approval” has the meaning specified in Section 2.2(c).

 

“Returns”
means all reports, forms, elections, declarations, designations, schedules, statements, estimates, declarations of estimated tax,
information statements and returns required by Law to be filed with or provided to a Taxing Authority or other person with respect
to Taxes.

 

“Securities
Authority” means the Financial and Consumer Affairs Authority of Saskatchewan and the applicable securities commissions
or securities regulatory authority of a province or territory of Canada.

 

“Securities
Laws” means The Securities Act, 1998 (Saskatchewan) and any other applicable Canadian provincial and territorial
securities laws, rules and regulations and published policies thereunder.

 

“SEDAR”
means the System for Electronic Document Analysis and Retrieval.

 

“Shareholders”
means the registered or beneficial holders of the Common Shares, as the context requires.

 

“Stock
Option Plan” means the amended and restated share option plan of the Company.

 

“subsidiary”
means, with respect to a person, any body corporate of which more than 50% of the outstanding shares ordinarily entitled to elect
a majority of the board of directors thereof (whether or not shares of any other class shall or might be entitled to vote upon
the happening of any event or contingency) are at the time owned directly or indirectly by such person and shall include any body
corporate, partnership, joint venture or other entity over which it exercises direction or control or which is in a like relation
to a subsidiary.

 

    	-10-

    	 

    

 

“Superior
Proposal” means any unsolicited bona fide written Acquisition Proposal from a Person who is an arm’s length third
party made after the date of this Agreement: (i) to acquire not less than all of the outstanding Common Shares (other than Common
Shares held by the Purchaser or its affiliates) or not less than 50% of the assets of the Company; (ii) that did not result from
or involve a breach of this Agreement; (iii) that the Board has determined in good faith is reasonably capable of being completed
without undue delay, taking into account, all financial, legal, regulatory and other aspects of such proposal and the Person making
such proposal; (iv) that is not subject to any financing condition and, in respect of which the Board has determined in good faith
(after completing a financial review and receipt of advice from its outside legal counsel) that there is a substantial likelihood
that any required financing will be obtained (any such acquired financing having been demonstrated to the Board (acting in good
faith) to be available); (v) that is not subject to any due diligence and/or access condition; and (vi) in respect of which the
Board and any relevant committee thereof determines, in its good faith judgment, after completing a financial review and receiving
the advice of its outside legal counsel and after taking into account all the terms and conditions of the Acquisition Proposal,
including all legal, financial, regulatory and other aspects of such Acquisition Proposal and the party making such Acquisition
Proposal, would, if consummated in accordance with its terms, but without assuming away the risk of non-completion, be reasonably
expected to result in a transaction which is more favourable, from a financial point of view, to Shareholders than the Arrangement
(including any amendments to the terms and conditions of the Arrangement proposed by the Purchaser pursuant to Section 5.4(2)
of this Agreement) and that failure to recommend such proposal to the Shareholders would be inconsistent with its fiduciary duties.

 

“Superior
Proposal Notice” has the meaning specified in Section 5.4(1)(c).

 

“Tax
Act” means the Income Tax Act (Canada) and regulations made thereunder, as now in effect and as they may be amended
from time to time prior to the Effective Date.

 

“Taxes”
means (i) any and all taxes, duties, fees, excises, premiums, assessments, imposts, levies and other charges or assessments of
any kind whatsoever imposed by any Governmental Entity, whether computed on a separate, consolidated, unitary, combined or other
basis, including those levied on, or measured by, or described with respect to, income, gross receipts, profits, gains, windfalls,
capital, capital stock, production, recapture, transfer, land transfer, license, gift, occupation, wealth, environment, net worth,
indebtedness, surplus, sales, goods and services, harmonized sales, use, value-added, excise, special assessment, stamp, withholding,
business, franchising, real or personal property, health, employee health, payroll, workers’ compensation, employment or
unemployment, severance, social services, social security, education, utility, surtaxes, customs, import or export, and including
all license and registration fees and all employment insurance, health insurance and government pension plan premiums or contributions;
(ii) all interest, penalties, fines, additions to tax or other additional amounts imposed by any Governmental Entity on or in
respect of amounts of the type described in clause (i) above or this clause (ii); (iii) any liability for the payment of any amounts
of the type described in clauses (i) or (ii) as a result of being a member of an affiliated, consolidated, combined or unitary
group for any period; and (iv) any liability for the payment of any amounts of the type described in clauses (i) or (ii) as a
result of any express or implied obligation to indemnify any other Person or as a result of being a transferee or successor in
interest to any party.

 

    	-11-

    	 

    

 

“Taxing
Authority” means any Governmental Entity responsible for the imposition, collection or administration of Taxes.

 

“Terminating
Party” has the meaning specified in Section 4.7(3).

 

“Termination
Fee” has the meaning specified in Section 7.2(a).

 

“Termination
Notice” has the meaning specified in Section 4.7(3).

 

Section
1.2 Certain Rules of Interpretation

 

In
this Agreement, unless otherwise specified:

 

	(1)	Headings,
    etc. The provision of a Table of Contents, the division of this Agreement into Articles and Sections and the insertion
    of headings are for convenient reference only and do not affect the construction or interpretation of this Agreement.
	 	 
	(2)	Currency.
    All references to dollars or to $ are references to Canadian dollars.
	 	 
	(3)	Gender
    and Number. Any reference to gender includes all genders. Words importing the singular number only include the plural
    and vice versa.
	 	 
	(4)	Certain
    Phrases, etc. The words (i) “including”, “includes” and “include” mean “including
    (or includes or include) without limitation,” and (ii) unless stated otherwise, “Article”, “Section”,
    and “Schedule” followed by a number or letter mean and refer to the specified Article or Section of or Schedule
    to this Agreement.
	 	 
	(5)	Capitalized
    Terms. All capitalized terms used in any Schedule have the meanings ascribed to them in this Agreement.
	 	 
	(6)	Knowledge.
    Where any representation or warranty is expressly qualified by reference to the knowledge of the Company, it is deemed to
    refer to the knowledge of Doug Emsley, Brad Farquhar and Gord Nystuen, as officers of the Company and not in their personal
    capacity, after reasonable inquiry.
	 	 
	(7)	Accounting
    Terms. All accounting terms are to be interpreted in accordance with IFRS and all determinations of an accounting nature
    in respect of the Company required to be made will be made in a manner consistent with IFRS.
	 	 
	(8)	Statutes.
    Any reference to a statute refers to such statute and all rules and regulations made under it having the force of law, as
    it or they may have been or may from time to time be amended or re-enacted, unless stated otherwise.
	 	 
	(9)	Computation
    of Time. A period of time is to be computed as beginning on the day following the event that began the period and ending
    at 4:30 p.m. on the last day of the period, if the last day of the period is a Business Day, or at 4:30 p.m. on the next Business
    Day if the last day of the period is not a Business Day.

 

    	-12-

    	 

    

 

	(10)	Time
    References. References to time are to local time, Regina, Saskatchewan.
	 	 
	(11)	Consent.
    If any provision requires approval or consent of a Party and such approval or consent is not delivered within the specified
    time limit, the Party whose consent or approval is required will be conclusively deemed to have withheld its approval or consent.
	 	 
	(12)	Schedules.
    The schedules attached to this Agreement form an integral part of this Agreement for all purposes of it.

 

Part
2

THE ARRANGEMENT

Section
2.1 Arrangement

 

The
Parties agree that the Arrangement will be implemented in accordance with and subject to the terms and conditions of this Agreement
and the Plan of Arrangement pursuant to which (among other things):

 

(a)
Shareholders, other than the Purchaser, the Purchaser Group and their affiliates, will receive the Consideration for each Common
Share held;

 

(b)
Optionholders will receive for each In-the-Money Option held, a cash payment equal to the In-the-Money Option Consideration; and

 

(c)
DSU holders will receive for each DSU held, a cash payment equal to the DSU Consideration.

 

Section
2.2 Interim Order

 

As
soon as reasonably practicable after the date of this Agreement, but in any event on or before August 31, 2020, the Company will
apply in a manner reasonably acceptable to the Purchaser pursuant to Section 186.1(3) of the BCA and, in cooperation with the
Purchaser, prepare, file and diligently pursue an application for the Interim Order, which must provide, among other things:

 

(a)
for the class of persons to whom notice is to be provided in respect of the Arrangement and the Meeting and for the manner in
which such notice is to be provided;

 

(b)
that each Shareholder being entitled to one vote for each Common Share held by such Shareholder on the Arrangement Resolution;

 

(c)
that the required level of approval (the “Required Securityholder Approval”) for the Arrangement Resolution
shall be: (I) at least 662⁄3% of the votes cast on the Arrangement Resolutions by the Shareholders, voting as a single class,
present in Person or by proxy at the Meeting; (II) to the extent required, a simple majority of the votes cast on the Arrangement
Resolution by Shareholders, voting as a single class, present in Person or by proxy at the Meeting (excluding for this purpose
votes attached to Common Shares to be excluded by Section 8.1(2) of MI 61-101); and (III) as otherwise required by the Exchange;

 

    	-13-

    	 

    

 

(d)
that, in all other respects, the terms, restrictions and conditions of the Company’s Constating Documents, including quorum
requirements and all other matters, will apply in respect of the Meeting;

 

(e)
for the grant of the Dissent Rights to those Shareholders who are registered Shareholders as contemplated in the Plan of Arrangement;

 

(f)
for the notice requirements with respect to the presentation of the application to the Court for the Final Order;

 

(g)
that the Meeting may be adjourned or postponed from time to time by the Company without the need for additional approval of the
Court;

 

(h)
that the record date for the Affected Securityholders entitled to notice of and to vote at the Meeting will not change in respect
of any adjournment(s) or postponement(s) of the Meeting, unless required by Securities Laws; and

 

(i)
for such other matters as the Purchaser may reasonably require.

 

Section
2.3 The Meeting

 

	(1)	Except
    as may otherwise be approved in writing by the Purchaser, the Company will:
	 	 
	 	(a)
    convene and conduct the Meeting in accordance with the Interim Order, the Company’s Constating Documents, as applicable,
    and Law on or before September 30, 2020, provided that the Purchaser and Bridgeway have complied with their obligations pursuant
    to Section 2.4(4), for the purpose of considering the Arrangement Resolution and for any other proper purpose as may be set
    out in the Company Circular and agreed to by the Purchaser; and not adjourn, postpone or cancel (or propose the adjournment,
    postponement or cancellation of) the Meeting without the prior written consent of the Purchaser, except as required or permitted
    under Section 4.7(3) or Section 5.4(5);
	 	 
	 	(b)
    subject to the terms of this Agreement, use its commercially reasonable efforts to solicit proxies in favour of the approval
    of the Arrangement Resolution and against any resolution submitted by any Person that is inconsistent with the Arrangement
    Resolution and the completion of any of the transactions contemplated by this Agreement, including, if so requested by the
    Purchaser, acting reasonably, using dealer and proxy solicitation services firms engaged by the Company;
	 	 
	 	(c)
    provide the Purchaser with copies of or access to information regarding the Meeting generated by any dealer or proxy solicitation
    services firm, as may be reasonably requested from time to time by the Purchaser;

 

    	-14-

    	 

    

 

	 	(d)
    consult with the Purchaser in fixing the date of the Meeting and the record date of the Meeting, give notice to the Purchaser
    of the Meeting and allow the Purchaser’s representatives and legal counsel to attend the Meeting;
	 	 
	 	(e)
    provide the Purchaser, at such times as the Purchaser may reasonably request and at least on a daily basis on each of the
    last 5 Business Days prior to the date of the Meeting with the aggregate tally of the proxies received by the Company in respect
    of the Arrangement Resolution;
	 	 
	 	(f)
    promptly advise the Purchaser of any communication (written or oral) from or claims brought by (or threatened to be brought
    by) any Person in opposition to the Arrangement and/or purported exercise or withdrawal of Dissent Rights by Shareholders.
    The Company will not settle or compromise, or agree to settle or compromise, any such claims without the prior written consent
    of the Purchaser;
	 	 
	 	(g)
    not change the record date for the Affected Securityholders entitled to vote at the Meeting in connection with any adjournment
    or postponement of the Meeting unless required by Law;
	 	(h)
    at the request of the Purchaser from time to time, provide the Purchaser with a list (in both written and electronic form)
    of (i) the Shareholders, together with their addresses and respective holdings of Common Shares, (ii) the names, addresses
    and holdings of all Persons having rights issued by the Company to acquire Common Shares (including Optionholders), and (iii)
    participants and book-based nominee registrants such as CDS & Co., CEDE & Co. and DTC, and non-objecting beneficial
    owners of Common Shares, together with their addresses and respective holdings of Common Shares. The Company will from time
    to time require that its registrar and transfer agent furnish the Purchaser with such additional information, including updated
    or additional lists of Shareholders, and lists of securities positions and other assistance as the Purchaser may reasonably
    request in order to be able to communicate with respect to the Arrangement with the Shareholders and with such other Persons
    as are entitled to vote on the Arrangement Resolution;

 

Section
2.4 The Company Circular

 

	(1)	The
    Company will promptly prepare and complete, in consultation with the Purchaser and Bridgeway, the Company Circular together
    with any other documents required by Law in connection with the Meeting, the Arrangement Resolution, and the Company will,
    promptly after obtaining the Interim Order, cause the Company Circular and such other documents to be filed and sent to Affected
    Securityholders and other Persons as required by the Interim Order and Law, in each case so as to permit the Meeting to be
    held by the date specified in Section 2.3.
	 	 
	(2)	The
    Company will ensure that the Company Circular complies in material respects with Law, does not contain any Misrepresentation
    (other than with respect to information provided by the Purchaser) and provides the Affected Securityholders with sufficient
    information to permit them to form a reasoned judgement concerning the matters to be placed before the Meeting. Without limiting
    the generality of the foregoing, the Company Circular must include: (i) a statement that the Board has unanimously, after
    completing a financial review and receiving legal advice, determined that the Arrangement Resolution is in the best interests
    of the Company and the Affected Securityholders, and that the Consideration to be received by the Affected Securityholders
    (excluding the Purchaser and its affiliates) is fair to such Affected Securityholders and recommends that the Affected Securityholders
    vote in favour of the Arrangement Resolution (the “Board Recommendation”) and (iii) a statement that each
    director and senior officer of the Company intends to vote all of such individual’s Common Shares and Options in favour
    of the Arrangement Resolution.

 

    	-15-

    	 

    

 

	(3)	The
    Company will give the Purchaser, Bridgeway and their legal counsel a reasonable opportunity to review and comment on drafts
    of the Company Circular and other related documents, and will give reasonable consideration to any comments made by the Purchaser,
    Bridgeway and their legal counsel, and agrees that all information relating solely to the Purchaser, or Bridgeway included
    in the Company Circular must be in a form and content satisfactory to the Purchaser, or Bridgeway, as applicable, acting reasonably.
	 	 
	(4)	The
    Purchaser and Bridgeway will provide all necessary information concerning the Purchaser, and Bridgeway and their affiliates
    that is required by Law to be included by the Company in the Company Circular or other related documents to the Company in
    writing, and will ensure that such information does not contain any Misrepresentation.
	 	 
	(5)	Each
    Party will promptly notify the other if it becomes aware that the Company Circular contains a Misrepresentation, or otherwise
    requires an amendment or supplement. The Parties will co-operate in the preparation of any such amendment or supplement as
    required or appropriate, and the Company will promptly mail, file or otherwise publicly disseminate any such amendment or
    supplement to the Affected Securityholders and, if required by the Court or by Law, file the same with the Securities Authorities
    or any other Governmental Entity as required.

 

Section
2.5 Final Order

 

If
the Interim Order is obtained and the Arrangement Resolution is passed at the Meeting as provided for in the Interim Order, the
Company will take all steps necessary or desirable to submit the Arrangement to the Court and diligently pursue an application
for the Final Order pursuant to Section 186.1(4)(e) of the BCA, as soon as reasonably practicable, but in any event not later
than five Business Days after the Arrangement Resolution is passed at the Meeting.

 

Section
2.6 Court Proceedings

 

In
connection with all Court proceedings relating to obtaining the Interim Order and the Final Order, or otherwise in connection
with this Agreement or the transactions contemplated by this Agreement, the Company will:

 

	(1)	diligently
    pursue obtaining the Interim Order and the Final Order;

 

    	-16-

    	 

    

 

	(2)	provide
    the Purchaser and its legal counsel with a reasonable opportunity to review and comment upon drafts of all material to be
    filed with the Court in connection with the Arrangement, and will give reasonable consideration to such comments;
	 	 
	(3)	provide
    legal counsel to the Purchaser on a timely basis with copies of any notice of appearance, evidence or other documents served
    on the Company or its legal counsel in respect of the application for the Interim Order or the Final Order or any appeal therefrom,
    and any notice, written or oral, indicating the intention of any Person to appeal, or oppose the granting of, the Interim
    Order or the Final Order;
	 	 
	(4)	ensure
    that all material filed with the Court in connection with the Arrangement is consistent in all material respects with the
    terms of this Agreement and the Plan of Arrangement;
	 	 
	(5)	not
    file any material with the Court in connection with the Arrangement or serve any such material, or agree to modify or amend
    any material so filed or served, except as contemplated by this Agreement or with the Purchaser’s prior written consent,
    such consent not to be unreasonably withheld, conditioned or delayed provided the Purchaser is not required to agree or consent
    to any increase in the consideration payable pursuant to this Agreement or other modification or amendment to such filed or
    served materials that expands or increases the Purchaser’s obligations, or diminishes or limits the Purchaser’s
    rights, set forth in any such filed or served materials or under this Agreement;
	 	 
	(6)	oppose
    any proposal from any Person that the Final Order contain any provision inconsistent with this Agreement, and if required
    by the terms of the Final Order or by Law to return to Court with respect to the Final Order do so only after notice to, and
    in consultation and cooperation with, the Purchaser; and
	 	 
	(7)	not
    object to legal counsel to the Purchaser making such submissions on the application for the Interim Order and the application
    for the Final Order as such counsel considers appropriate, provided that such submissions are consistent with this Agreement
    and the Company’s obligations in Section 2.6(1) and provided further that the Company and its legal counsel are advised
    of the nature of any such submissions prior to the hearing.

 

Section
2.7 Articles of Arrangement and Effective Date

 

	(1)	The
    Articles of Arrangement will include the form of the Plan of Arrangement attached to this Agreement as Schedule A, as it may
    be amended from time to time as agreed by the Parties, acting reasonably, provided that no such amendment is inconsistent
    with the Interim Order, the Final Order or this Agreement or is prejudicial to the Affected Securityholders.
	 	 
	(2)	Provided
    that the Purchaser is in compliance with its obligations under this Agreement, the Company will file the Articles of Arrangement
    with the Director no later than the third Business Day after the satisfaction or, where not prohibited, the waiver by the
    applicable Party or Parties in whose favour the condition is, of the conditions set out in Part 6 (excluding conditions that,
    by their terms, cannot be satisfied until the Effective Date, but subject to the satisfaction or, where not prohibited, the
    waiver by the applicable Party or Parties in whose favour the condition is, of those conditions as of the Effective Date),
    unless another time or date is agreed to in writing by the Parties.

 

    	-17-

    	 

    

 

	(3)	The
    closing of the Arrangement will take place at the offices of McKercher LLP in Regina, Saskatchewan, or at such other location
    as may be agreed upon by the Parties.

 

Section
2.8 Payment of Consideration

 

The
Purchaser will in accordance with the Plan of Arrangement provide the Depositary with sufficient funds to be held in escrow (the
terms and conditions of such escrow to be satisfactory to the Company and the Purchaser, each acting reasonably) to satisfy the
aggregate consideration payable to Shareholders and Optionholders as provided in the Plan of Arrangement.

 

Section
2.9 Withholding Taxes

 

The
Purchaser, the Company and the Depositary, as applicable, will be entitled to deduct and withhold from any consideration otherwise
payable or otherwise deliverable to any Affected Securityholders under the Plan of Arrangement or this Agreement such amounts
as the Purchaser, the Company or the Depositary, as applicable, are required or reasonably believe after considering the advice
of counsel to be required to deduct and withhold from such consideration under any provision of any Laws in respect of Taxes.
Any such amounts will be deducted, withheld and remitted from the consideration payable pursuant to the Plan of Arrangement or
this Agreement, provided that such deducted and withheld amounts are actually remitted to the appropriate Governmental Entity
in accordance with applicable Law, be treated for all purposes as having been paid to the Affected Securityholders in respect
of which such deduction, withholding and remittance was made.

 

Section
2.10 Treatment of Company Equity Compensation Awards.

 

The
Company shall take all action necessary or desirable to effect the exchange, surrender, settlement or cancellation of the DSUs,
in each case, as contemplated under the terms of the Plan of Arrangement.

 

Part
3

REPRESENTATIONS AND WARRANTIES

 

Section
3.1 Representations and Warranties of the Company

 

	(1)	Except
    as disclosed in the Disclosure Letter, the Company represents and warrants to the Purchaser and Bridgeway as set forth in
    Schedule C and acknowledges and agrees that the Purchaser and Bridgeway are relying upon such representations and warranties
    in connection with the entering into of this Agreement. It being expressly understood and agreed that the disclosure of any
    fact or item in any section of the Disclosure Letter shall only be deemed to be an exception to (or, as applicable, a disclosure
    for purposes of) (i) the representations and warranties of the Company that are contained in the corresponding section of
    this Agreement and/or (ii) any other representations and warranties of such Company that are contained in this Agreement,
    but only if the relevance of that reference as an exception to (or a disclosure for purposes of) such representations and
    warranties is readily apparent to a reasonable person who has read that reference and such representations and warranties,
    without any independent knowledge on the part of the reader regarding the matter(s) so disclosed

 

    	-18-

    	 

    

 

	(2)	The
    representations and warranties of the Company contained in this Agreement will not survive the completion of the Arrangement
    and will expire and be terminated at the Effective Time.

 

Section
3.2 Representations and Warranties of the Purchaser

 

	(1)	The
    Purchaser represents and warrants to the Company as set forth in Schedule D and acknowledges and agrees that the Company is
    relying upon such representations and warranties in connection with the entering into of this Agreement.
	 	 
	(2)	The
    representations and warranties of the Purchaser contained in this Agreement will not survive the completion of the Arrangement
    and will expire and be terminated at the Effective Time.

 

Section
3.3 Investigation

 

Any
investigation by a Party hereto or its advisors shall not mitigate, diminish or affect the representations and warranties of the
other Parties to this Agreement.

 

Part
4

COVENANTS

 

Section
4.1 Conduct of Business of the Company

 

	(1)	The
    Company covenants and agrees that, subject to applicable Law, during the period from the date of this Agreement until the
    earlier of the Effective Time and the time that this Agreement is terminated in accordance with its terms, except with the
    express prior written consent of the Purchaser, or as required or permitted by this Agreement, the Company will conduct its
    business in the Ordinary Course.
	 	 
	(2)	Without
    limiting the generality of Section 4.1(1), subject to applicable Law, the Company covenants and agrees that, during the period
    from the date of this Agreement until the earlier of the Effective Time and the time that this Agreement is terminated in
    accordance with its terms, except with the express prior written consent of the Purchaser, or as required or permitted by
    this Agreement, the Company will use its reasonable commercial efforts to preserve intact the current business organization
    of the Company, keep available the services of the present senior officers of the Company, and maintain good relations with,
    and the goodwill of, Persons having business relationships with the Company and, except with the prior written consent of
    the Purchaser, the Company will not directly or indirectly:

 

(a)
amend its articles of incorporation, articles of continuance, articles of amalgamation or by-laws or its similar organizational
documents;

 

    	-19-

    	 

    

 

(b)
split, combine or reclassify any shares or amend any term of any outstanding debt security of the Company;

 

(c)
redeem, repurchase, or otherwise acquire or offer to redeem, repurchase or otherwise acquire any shares of capital stock of the
Company;

 

(d)
issue, grant, deliver, sell, pledge or otherwise encumber, or authorize the issuance, grant, delivery, sale, pledge or other encumbrance
of any shares of capital stock, securities, any options, warrants or similar rights exercisable or exchangeable for or convertible
into such capital stock, of the Company, except for the issuance of Common Shares issuable upon the exercise of the currently
outstanding Options;

 

(e)
acquire (by merger, consolidation, acquisition of stock or assets or otherwise), directly or indirectly, in one transaction or
in a series of related transactions, assets, securities, properties, interests or businesses other than in the Ordinary Course;

 

(f)
reduce the stated capital of the shares of the Company;

 

(g)
adopt a plan of liquidation or resolutions providing for the liquidation or dissolution of the Company;

 

(h)
sell, pledge, lease, dispose of, abandon, let lapse, lose the right to use, mortgage, license, encumber or otherwise dispose of
or transfer any assets of the Company other than in the Ordinary Course;

 

(i)
make any capital expenditure or commitment to do so other than in the Ordinary Course or which individually or in the aggregate
exceed $500,000 except in accordance with the approved annual budget of the Company;

 

(j)
make any material Tax election, information schedule, return or designation, settle or compromise any material Tax claim, assessment,
reassessment or liability, file any material amended Tax Return, enter into any material agreement with a Governmental Entity
with respect to Taxes, surrender any right to claim a material Tax abatement, reduction, deduction, exemption, credit or refund,
consent to the extension or waiver of the limitation period applicable to any material Tax matter or materially amend or change
any of its methods or reporting income, deductions or accounting for income Tax purposes except as may be required by Law;

 

(k)
knowingly take any action or knowingly permit inaction or knowingly enter into any transaction that could reasonably be expected
to have the effect of materially reducing or eliminating the amount of the tax cost “bump” pursuant to paragraphs
88(1)(c) and 88(1)(d) of the Tax Act in respect of the securities of any affiliates or subsidiaries and other non-depreciable
capital property owned by the Company or any of its subsidiaries on the date hereof, upon an amalgamation or winding-up of the
Company or any of its subsidiaries (or any of their respective successors);

 

    	-20-

    	 

    

 

(l)
make any loan or advance to, or any capital contribution or investment in, or assume, guarantee or otherwise become liable with
respect to the liabilities or obligations of, any Person, individually or in the aggregate in excess of $500,000;

 

(m)
prepay any long-term indebtedness before its scheduled maturity or increase, create, incur, assume or otherwise become liable,
in one transaction or in a series of related transactions, with respect to any indebtedness for borrowed money or guarantees thereof
other than in connection with advances in the Ordinary Course under the Company’s existing credit facilities;

 

(n)
enter into any interest rate, currency, equity or commodity swaps, hedges, derivatives, forward sales contracts or similar financial
instruments other than in the Ordinary Course;

 

(o)
make any change in the Company’s methods of accounting, except as required by concurrent changes in IFRS;

 

(p)
except as required by Law: (i) adopt, enter into or amend any Company Plan; (ii) pay any benefit to any director or officer of
the Company or to any Company Employee that is not required under the terms of any Company Plan in effect on the date of this
Agreement; (iii) grant, accelerate, increase or otherwise amend any payment, award or other benefit payable to, or for the benefit
of, any director or officer of the Company or to any Company Employee; (iv) make any material determination under any Employee
Plan that is not in the Ordinary Course; or (v) take or propose any action to effect any of the foregoing;

 

(q)
cancel, waive, release, assign, settle or compromise any material claims or rights other than in the Ordinary Course;

 

(r)
commence any litigation, proceedings or governmental investigations involving sums in excess of $500,000, or waive, release, assign,
settle or compromise any litigation, proceedings or governmental investigations involving sums in excess of $500,000, other than
in the Ordinary Course;

 

(s)
except as contemplated in Section 4.8, amend, modify, terminate, cancel or let lapse any material insurance (or re-insurance)
policy of the Company in effect on the date of this Agreement, unless simultaneously with such termination, cancellation or lapse,
replacement policies underwritten by insurance and re-insurance companies of nationally recognized standing providing coverage
equal to or greater than the coverage under the terminated, cancelled or lapsed policies for substantially similar premiums are
in full force and effect;

 

(t)
in respect of any Company Assets, waive, release, abandon, let lapse, grant or transfer any material right or value or amend,
modify or change, or agree to amend, modify or change, in any material respect any existing material license, right to use, lease,
contract, intellectual property, or other material document;

 

    	-21-

    	 

    

 

(u)
abandon or fail to diligently pursue any application for any material licenses, leases, permits, authorizations or registrations
or take any action, or fail to take any action, that could lead to the termination of any material licenses, leases, permits authorizations
or registrations;

 

(v)
enter into or amend any Contract with any broker, finder or investment banker; or

 

(w)
authorize, agree, resolve or otherwise commit, whether or not in writing, to do any of the foregoing, except as permitted in the
Ordinary Course.

 

	(3)	If,
    on or after the date of this Agreement, the Company declares or pays any dividend or other distribution on the Common Shares
    prior to the Effective Time, the Consideration per Common Share will be reduced by the amount of such dividends or distributions.
    

 

Section
4.2 Covenants of the Company Relating to the Arrangement

 

	(1)	The
    Company will perform all obligations required to be performed by the Company under this Agreement, co-operate with the Purchaser
    in connection therewith, and do all such other commercially reasonable acts and things as may be necessary in order to consummate
    and make effective, as soon as reasonably practicable, the transactions contemplated by this Agreement and, without limiting
    the generality of the foregoing, the Company will:

 

(a)
use all commercially reasonable efforts to satisfy all conditions precedent in this Agreement and take all steps set forth in
the Interim Order and Final Order applicable to it;

 

(b)
use all commercially reasonable efforts to effect all necessary, or in the reasonable opinion of the Purchaser advisable, registrations,
filings and submissions of information required by Governmental Entities from the Company, in connection with the Arrangement
and keep the Purchaser reasonably informed as to the status of all proceedings relating to obtaining all necessary approvals of
such Governmental Entities, including providing copies of all applications and notifications;

 

(c)
use all commercially reasonable efforts to oppose, lift or rescind any injunction, restraining or other order, decree or ruling
seeking to restrain, enjoin or otherwise prohibit or adversely affect the consummation of the Arrangement and defend, or cause
to be defended, any proceedings to which it is a party or brought against it or its directors or officers challenging the Arrangement
or this Agreement; and

 

(d)
not take any action, or refrain from taking any commercially reasonable action, or permitting any action to be taken or not taken,
which is inconsistent with this Agreement or which would reasonably be expected to prevent, delay or otherwise impede the consummation
of the Arrangement or the transactions contemplated by this Agreement.

 

    	-22-

    	 

    

 

	(2)	The
    Company will, to the extent not precluded by applicable Law, promptly notify the Purchaser in writing when it becomes aware
    of:

 

(a)
any Material Adverse Effect or any change, effect, event, development, occurrence, circumstance or state of facts which could
reasonably be expected to have a Material Adverse Effect;

 

(b)
any notice or other communication from any Person alleging that the consent (or waiver, permit, exemption, order, approval, agreement,
amendment or confirmation) of such Person (or other Person) is or may be required in connection with this Agreement or the Arrangement;

 

(c)
any notice or other communication from any Governmental Entity in connection with the Arrangement or this Agreement (and contemporaneously
provide a copy of any such written notice or communication to the Purchaser); or

 

(d)
any filing, actions, suits, claims, investigations or proceedings commenced or, to its knowledge, threatened against, relating
to or involving or otherwise affecting the Company or the Company Assets.

 

Section
4.3 Covenants of the Purchaser Group Relating to the Arrangement

 

	(1)	The
    Purchaser Group will perform all obligations required or desirable to be performed by it under this Agreement, co-operate
    with the Company in connection therewith, and do all such other commercially reasonable acts and things as may be necessary
    or desirable in order to consummate and make effective, as soon as reasonably practicable, the transactions contemplated by
    this Agreement and, without limiting the generality of the foregoing, the Purchaser Group will:

 

(a)
use all commercially reasonable efforts to satisfy all conditions precedent in this Agreement (including assisting the Company
to diligently pursue obtaining the Interim Order and the Final Order) and take all steps set forth in the Interim Order and Final
Order applicable to it;

 

(b)
use all commercially reasonable efforts to assist the Company in obtaining the consents, waivers, permits, exemptions, orders,
agreements, amendments or confirmations referred to in Section 4.2(1)(b);

 

(c)
use all commercially reasonable efforts to effect all necessary, or in the opinion of the Purchaser Group advisable, registrations,
filings and submissions of information required by Governmental Entities from it relating to the Arrangement;

 

(d)
use all commercially reasonable efforts to oppose, lift or rescind any injunction, restraining or other order, decree or ruling
seeking to restrain, enjoin or otherwise prohibit or adversely affect the consummation of the Arrangement and defend, or cause
to be defended, any proceedings to which it is a party or brought against it or its directors or officers challenging the Arrangement
or this Agreement; and

 

(e)
not take any action, or refrain from taking any commercially reasonable action, or permitting any action to be taken or not taken,
which is inconsistent with this Agreement or the Arrangement or which would reasonably be expected to prevent, delay or otherwise
impede the consummation of the Arrangement or the transactions contemplated by this Agreement.

 

    	-23-

    	 

    

 

	(2)	The
    Purchaser and the Company agree that the Company will make and properly file the election described in subsection 110(1.1)
    of the Tax Act with respect to the cash payment to be made by the Company to the applicable Optionholders as described in
    the Plan of Arrangement.

 

Section
4.4 Performance of Purchaser

 

Bridgeway
will cause the Purchaser to perform all of its obligations under this Agreement and hereby guarantees, covenants and agrees to
be severally and not jointly liable with the Purchaser and each other for the due and punctual performance of the obligations
of the Purchaser arising under this Agreement and the Plan of Arrangement.

 

Section
4.5 Further Assurances

 

Subject
to the provisions of this Agreement, the Parties will, from time to time, do all acts and things and execute and deliver all such
further documents and instruments, as the other Parties may, either before or after the Effective Date, reasonably require to
effectively carry out or better evidence or perfect the full intent and meaning of this Agreement and, in the event the Arrangement
becomes effective, to document or evidence any of the transactions or events set out in the Plan of Arrangement.

 

Section
4.6 Public Communications

 

The
Parties will co-operate in the preparation of presentations, if any, to the Affected Securityholders regarding the Arrangement.
No Party will issue any press release or make any other public statement or disclosure with respect to this Agreement or the Arrangement
or make any filing with any Governmental Entity with respect to this Agreement or the Arrangement without the consent of the other
Parties (which consent will not be unreasonably withheld, conditioned or delayed); provided that if a Party, in the opinion of
its outside legal counsel, is required to make disclosure by Law will use its best efforts to give the other Parties prior oral
or written notice and a reasonable opportunity to review or comment on the disclosure or filing (other than with respect to confidential
information contained in such disclosure or filing). In making such disclosure the Party will give reasonable consideration to
any comments made by the other Parties or its counsel, and if such prior notice is not possible, will give such notice immediately
following the making of such disclosure or filing.

 

Section
4.7 Notice and Cure Provisions

 

	(1)	Each
    Party will promptly notify the other Parties of the occurrence, or failure to occur, of any event or state of facts which
    occurrence or failure would, or would be reasonably likely to:

 

(a)
cause any of the representations or warranties of such Party contained in this Agreement to be untrue or inaccurate in any respect
at any time from the date of this Agreement to the Effective Time; or

 

    	-24-

    	 

    

 

(b)
result in the failure to comply with or satisfy any covenant, condition or agreement to be complied with or satisfied by such
Party under this Agreement.

 

	(2)	Notification
    provided under this Section 4.7 will not affect the representations, warranties, covenants, agreements or obligations of the
    Parties (or remedies with respect thereto) or the conditions to the obligations of the Parties under this Agreement.
	 	 
	(3)	The
    Purchaser and the Purchaser Group may not elect to exercise their right to terminate this Agreement pursuant to Section 7.1(a)(iii)(B)
    and the Company may not elect to exercise its right to terminate this Agreement pursuant to Section 7.1(a)(iv)(A), unless
    the Party seeking to terminate the Agreement (the “Terminating Party”) has delivered a written notice (“Termination
    Notice”) to the other Party (the “Breaching Party”) specifying in reasonable detail all breaches
    of covenants, representations and warranties or other matters which the Terminating Party asserts as the basis for termination.
    After delivering a Termination Notice, provided the Breaching Party is proceeding diligently to cure such matter and such
    matter is capable of being cured prior to the Outside Date, the Terminating Party may not exercise such termination right
    until the earlier of (a) the Outside Date, and (b) the date that is 10 Business Days following receipt of such Termination
    Notice by the Breaching Party, if such matter has not been cured by such date. If the Terminating Party delivers a Termination
    Notice prior to the date of the Meeting, unless the Parties agree otherwise, the Company will postpone or adjourn the Meeting
    to the earlier of (a) five (5) Business Days prior to the Outside Date and (b) the date that is 10 Business Days following
    receipt of such Termination Notice by the Breaching Party.

 

Section
4.8 Insurance and Indemnification

 

	(1)	Prior
                                         to the Effective Date, the Company will purchase customary “tail” policies
                                         of directors’ and officers’ liability insurance providing protection no less
                                         favourable in the aggregate than the protection provided by the policies maintained by
                                         the Company which are in effect immediately prior to the Effective Date and providing
                                         protection in respect of claims arising from facts or events which occurred on or prior
                                         to the Effective Date and the Purchaser will, or will cause the Company to maintain such
                                         tail policies in effect without any reduction in scope or coverage for six (6) years
                                         from the Effective Date (provided that the Purchaser, Bridgeway or the Company may substitute
                                         therefor a substantially equivalent policy, subject to terms in the aggregate no less
                                         advantageous to the directors and officers of the Company than those contained in the
                                         policy in effect on the Effective Date); provided that the Purchaser will not be required
                                         to pay any amounts in respect of such coverage prior to the Effective Time and provided
                                         further that the cost of such policies will not exceed 200% of the Company’s current
                                         annual aggregate premium for policies currently maintained by the Company.

 

	(2)	The
                                         Purchaser will honour all rights to indemnification or exculpation now existing in favour
                                         of present and former employees, officers and directors of the Company, and acknowledges
                                         that such rights will survive the completion of the Plan of Arrangement and will continue
                                         in full force and effect in accordance with their terms for a period of not less than
                                         six (6) years from the Effective Date.

 

    	-25-

    	 

    

 

Section
4.9 Exchange Matters

 

Subject
to Laws, the Purchaser and the Company shall use their commercially reasonable efforts to cause the Common Shares to be de-listed
from the Exchange with effect promptly following the acquisition by the Purchaser of the Common Shares pursuant to the Arrangement.

 

Section
4.10 Pre-Closing and Closing Matters

 

(a)       The
Company shall use commercially reasonable efforts to provide on a timely basis all such reasonable assistance and cooperation
in connection with the financing being undertaken by the Purchaser in connection with the Arrangement as may be reasonably requested
by Purchaser, including (i) making senior management, officers and advisors of Company reasonably available for customary lender
meetings with prospective sources of financing in performing their due diligence, (ii) subject to the Confidentiality Agreement,
providing due diligence materials to potential financing sources, (iii) furnishing all financial statements and financial and
other information and pro forma financial information and projections that are reasonably required in connection with the financing,
(iv) providing such corporate resolutions, certificates and solvency and other documents as may be reasonably requested by Purchaser
in connection therewith, (vii) entering into definitive transaction documents for the financing (including credit agreements,
notes, guarantees, pledge and security agreements and account control agreements) to consummate the borrowings thereunder, so
long as they only become effective immediately prior to the Effective Time, (viii) facilitating the pledge of and granting and
perfection of Liens on applicable collateral (including the release, identification, grant or perfection of any Liens on the assets
of Company), if any, to provide security in connection with the financing at and after the Effective Time and (ix) obtaining opinions
of counsel to Company; provided, that neither the Company nor its directors, officers or employees, shall be required to pay any
commitment or other similar fee or incur any other liability or expense (other than expenses to be reimbursed by Purchaser) in
connection with the financing prior to the Effective Time.

 

(b)       Without
limiting the generality of the foregoing, the Company acknowledges that the Purchaser may enter into transactions (the “Bump
Transactions”) designed to step up the tax basis in certain capital property of the Company for purposes of the Tax
Act and agrees to use commercially reasonable efforts to provide information reasonably required by Purchaser in this regard on
a timely basis and to assist in the obtaining of any such information in order to facilitate a successful completion of the Bump
Transactions or any such other reorganizations or transactions as is reasonably requested by the Purchaser.

 

Section
4.11 Access to Information

 

(a)       Upon
reasonable notice which shall not be unreasonably withheld or delayed, the Company shall continue to afford the Purchaser Group
and its Representatives access during normal business hours from the date hereof and until the earlier of the Effective Date or
the termination of this Agreement, to its properties, books, Contracts and records as well as to its management personnel, and,
during such period, the Company shall furnish promptly to the Purchaser Group all information concerning the Company’s business,
properties and personnel as the Purchaser Group may reasonably request.

 

    	-26-

    	 

    

 

(b)
The Purchaser Group acknowledges that the information provided to it under Section 4.12(a) will be subject to the Confidentiality
Agreement.

 

Section
4.12 Purchaser Group Financings

 

	(1)	The
    Purchaser Group shall use its commercially reasonable efforts to take, or cause to be taken, all actions and to do, or cause
    to be done, all things reasonably necessary, proper or advisable to arrange and obtain the Equity Financing and Debt Financing
    on the terms and conditions contained in the Commitment Letters, including using its commercially reasonable efforts to:

 

(a)
maintain in effect the Commitment Letters in accordance with their terms (except for such amendments, supplements, modifications,
replacements or waivers agreed to in writing by the Company, acting reasonably);

 

(b)
negotiate and enter into the Definitive Financing Documents;

 

(c)
satisfy or obtain the waiver of all conditions to funding in the Commitment Letters (or Definitive Financing Documents entered
into with respect to the Commitment Letters) as applicable to the Purchaser Group to enable the consummation of the Equity Financing
and Debt Financing at or prior to the Effective Time; and

 

(d)
enforce its rights under the Commitment Letters in the event of a breach by any party to the Commitment Letters that would reasonably
be expected to prevent or materially delay the consummation of the transactions contemplated by this Agreement (it being agreed
that any delay to a date that would be later than the Outside Date would be a material delay).

 

	(2)	The
    Purchaser Group shall deliver to the Company true, correct and complete copies of the Commitment Letters and any amendment,
    modification, waiver or release relating to the Commitment Letters.
	 	 
	(3)	Upon
    reasonable request by the Company, the Purchaser Group will provide the Company with information, in reasonable detail, with
    respect to the current status of all material activity concerning arranging and obtaining the Equity Financing or Debt Financing.
    Without limiting the generality of the foregoing, the Purchaser Group shall give the Company notice as soon as reasonably
    practicable:

 

(a)
of any actual breach or default by any party to the Commitment Letters or the Definitive Financing Documents of which the Purchaser
Group becomes aware;

 

(b)
of the receipt of any written notice or other communication with respect to any actual breach, default, termination or repudiation
by any party to the Commitment Letters or any Definitive Financing Documents;

 

    	-27-

    	 

    

 

(c)
if the Purchaser Group determines in good faith that it will not be able to satisfy any of the conditions to funding under the
Commitment Letters, or is otherwise not able to obtain all or a portion of the Equity Financing or the Debt Financing on the terms,
or from the sources, contemplated by the Commitment Letters or Definitive Financing Documents, as applicable, prior to the Outside
Date; and

 

(d)
if any Commitment Letter or Definitive Financing Document expires or is terminated for any reason.

 

As
soon as reasonably practicable after the date the Company delivers to the Purchaser Group a written request, the Purchaser Group
shall provide any information reasonably requested by the Company and reasonably accessible by Bridgeway relating to the circumstances
referred to in clauses (a), (b), (c) or (d).

 

	(4)	If
    any portion of the Equity Financing or the Debt Financing that is required to fund the Purchaser Group’s obligations
    of the Purchaser under the terms of this Agreement becomes unavailable on the terms and conditions contemplated by the Commitment
    Letters, the Purchaser Group shall use its commercially reasonable efforts to arrange and obtain, as promptly as practicable,
    alternative financing from alternative sources which alternative financing shall:

 

(a)       provide
for an aggregate commitment amount that is sufficient to consummate the transactions contemplated by this Agreement;

 

(b)       be
on terms, conditions and costs that are not materially less favourable in the aggregate (or in any respect) to the Purchaser Group;
and

 

(c)       be
subject to such terms and conditions as would not reasonably be expected to prevent or materially delay the consummation of the
transactions contemplated under this Agreement.

 

The
Purchaser Group shall deliver to the Company true, correct and complete copies of such alternative commitments when available.

 

	(5)	The
    Purchaser Group acknowledges and agrees that the Purchaser Group obtaining financing is not a condition to any of its obligations
    under this Agreement, regardless of the reasons why financing is not obtained or whether such reasons are within or beyond
    the control of the Purchaser Group. For the avoidance of doubt, if any financing is not obtained, the Purchaser Group will
    continue to be obligated to consummate the transactions contemplated by this Agreement subject to the applicable conditions
    set forth in Part 6.

 

    	-28-

    	 

    

 

Part
5

ADDITIONAL
COVENANTS REGARDING NON-SOLICITATION

 

Section
5.1 Non-Solicitation

 

	(1)	Except
    as expressly provided in this Part 5, the Company will not, directly or indirectly, through any officer, director, employee,
    representative (including any financial or other adviser) or agent of the Company (collectively “Representatives”),
    or otherwise, and will not permit any such Person to:

 

(a)
solicit, assist, initiate, knowingly encourage or otherwise facilitate (including by way of furnishing or providing copies of,
access to, or disclosure of, any confidential information, properties, facilities, books or records of the Company or entering
into any form of agreement, arrangement or understanding) any inquiry, proposal or offer that constitutes or could reasonably
be expected to constitute or lead to, an Acquisition Proposal;

 

(b)
enter into or otherwise engage or participate in any substantive discussions or negotiations with any Person (other than the Purchaser
and its affiliates) regarding any inquiry, proposal or offer that constitutes or could reasonably be expected to constitute or
lead to, an Acquisition Proposal it being acknowledged and agreed that the Company may communicate with any Person for the purposes
of clarifying the terms of any proposal, advising such Person of the restrictions of this Agreement or advising such Person that
their proposal does not constitute a Superior Proposal and is not reasonably expected to constitute, lead to or result in a Superior
Proposal;

 

(c)
withdraw, amend, modify or qualify, or publicly propose or state an intention to withdraw, amend, modify or qualify, the Board
Recommendation;

 

(d)
accept, approve, endorse or recommend, or publicly propose to accept, approve, endorse or recommend, or take no position or remain
neutral with respect to, any publicly disclosed Acquisition Proposal (it being understood that publicly taking no position or
a neutral position with respect to a publicly announced, or otherwise publicly disclosed, Acquisition Proposal for a period of
no more than five Business Days following such public announcement or public disclosure will not be considered to be in violation
of this Section 5.1 provided the Board has rejected such Acquisition Proposal and affirmed the Board Recommendation before the
end of such five Business Day period (or in the event that the Meeting is scheduled to occur within such five Business Day period,
prior to the third Business Day prior to the date of the Meeting)); or

 

(e)
accept or enter into (other than a confidentiality agreement permitted by and in accordance with Section 5.3) or publicly propose
to accept or enter into any agreement, understanding or arrangement in respect of an Acquisition Proposal.

 

    	-29-

    	 

    

 

	(2)	The
    Company shall, and shall cause its Representatives to, immediately cease and terminate, and cause to be terminated, any solicitation,
    encouragement, discussion, negotiation, or other activities commenced prior to the date of this Agreement with any Person
    (other than the Purchaser and its affiliates) with respect to any inquiry, proposal or offer that constitutes, or could reasonably
    be expected to constitute or lead to, an Acquisition Proposal, and in connection therewith, the Company shall:

 

(a)
immediately discontinue access to any data room and any confidential information, properties, facilities, books and records of
the Company that is provided to any party outside of the Ordinary Course; and

 

(b)
within two Business Days, request, and exercise all rights it has to require (i) the return or destruction of all copies of any
confidential information regarding the Company provided to any Person, and (ii) the destruction of all material including or incorporating
or otherwise reflecting such confidential information regarding the Company, using its commercially reasonable efforts to ensure
that such requests are fully complied with in accordance with the terms of such rights or entitlements.

 

	(3)	The
    Company represents and warrants that the Company has not waived any confidentiality, standstill or similar agreement or restriction
    to which the Company is a Party, and further covenants and agrees (i) that the Company will take all necessary action to enforce
    each confidentiality, standstill, non-disclosure, non-solicitation, use, business purpose or similar agreement, restriction
    or covenant to which the Company is a party, and (ii) that neither the Company nor any of its Representatives have or will,
    without the prior written consent of the Purchaser, release any Person from, or waive, amend, suspend or otherwise modify
    such Person’s obligations respecting the Company under any confidentiality, standstill, non-disclosure, non-solicitation,
    use, business purpose or similar agreement, restriction or covenant to which the Company is a party.

 

Section
5.2 Notification of Acquisition Proposals

 

	(1)	If
    the Company or any of their respective Representatives, receives or otherwise becomes aware of any written or oral inquiry,
    proposal or offer that constitutes or could reasonably be expected to lead to or result in an Acquisition Proposal, or any
    request for copies of, access to, or disclosure of, confidential information relating to the Company in connection with an
    Acquisition Proposal, including but not limited to information, access, or disclosure relating to the properties, facilities,
    books or records of the Company, the Company will immediately notify the Purchaser, at first orally, and then promptly and
    in any event within 24 hours in writing, of such Acquisition Proposal, inquiry, proposal, offer or request, including a description
    of its material terms and conditions, the identity of all Persons making the Acquisition Proposal, inquiry, proposal, offer
    or request, and will provide the Purchaser, with copies of all written documents, correspondence or other material received
    in respect of, from or on behalf of any such Person. The Company will keep the Purchaser and Bridgeway informed on a current
    basis of the status of developments and (to the extent permitted by Section 5.3) negotiations with respect to any Acquisition
    Proposal, or any inquiry, proposal, offer or request which could reasonably be expected to lead to or result in an Acquisition
    Proposal, including any changes, modifications or other amendments to any such Acquisition Proposal, inquiry, proposal, offer
    or request and will provide to the Purchaser, Bridgeway and their counsel copies of all material or substantive correspondence
    if in writing or electronic form, and if not in writing or electronic form, a description of the material terms of such correspondence
    sent or communicated to the Company by or on behalf of any Person making any such Acquisition Proposal, inquiry, proposal,
    offer or request.

 

    	-30-

    	 

    

 

Section
5.3 Responding to an Acquisition Proposal

 

	(1)	Notwithstanding
    Section 5.1, if at any time prior to obtaining the approval by the Affected Securityholders of the Arrangement Resolution,
    the Company receives a written Acquisition Proposal, the Company may engage in or participate in discussions or negotiations
    with such Person regarding such Acquisition Proposal, and may provide copies of, access to or disclosure of information, properties,
    facilities, books or records of the Company, if and only if:

 

(a)
the Board first determines in good faith, after completing a financial review and consultation with its outside legal counsel,
that such Acquisition Proposal constitutes or would reasonably be expected to constitute or lead to a Superior Proposal, and,
after consultation with its outside legal counsel, that the failure to engage in such discussions or negotiations would be inconsistent
with the fiduciary duties of such directors under applicable Law;

 

(b)
such Person was not restricted from making such Acquisition Proposal pursuant to an existing confidentiality, standstill, non-disclosure,
use, business purpose or similar restriction;

 

(c)
the Company has been, and continues to be, in compliance with its obligations under this Part 5;

 

(d)
prior to providing any such copies, access, or disclosure, the Company enters into a confidentiality and standstill agreement
with such Person and any such copies, access or disclosure provided to such Person will have already (or simultaneously be) provided
to the Purchaser; and

 

(e)
the Company shall: (i) promptly (and in any event within 24 hours following receipt) notify the Purchaser (at first orally and
thereafter in writing) in the event it receives after the date hereof an Acquisition Proposal or a potential Acquisition Proposal
(including any request for non-public information relating to the Company for access to the properties, books or records of the
Company in connection with an Acquisition Proposal or a potential Acquisition Proposal); (ii) shall provide a copy thereof and
all written communications relating to the terms and conditions of the Acquisition Proposal to the Purchaser together with the
identity of the person making the Acquisition Proposal and the terms and conditions thereof and such other details of the proposal,
offer, inquiry or request as the Purchaser may request; (iii) shall regularly and promptly inform the Purchaser in writing as
to the status of developments and negotiations with respect to such Acquisition Proposal or potential Acquisition Proposal, including
any changes to the material terms or conditions, of such Acquisition Proposal or potential Acquisition Proposal; and (iv) prior
to providing any such copies, access or disclosure, a true, complete and final executed copy of the confidentiality and standstill
agreement referred to in Section 5.3(1)(d).

 

    	-31-

    	 

    

 

Section
5.4 Right to Match

 

	(1)	If
    the Company receives an Acquisition Proposal that would reasonably be expected to constitute a Superior Proposal prior to
    the approval of the Arrangement Resolution by the Affected Securityholders the Board (or any committee thereof) may, subject
    to compliance with Part 7, enter into a definitive agreement with respect to such Superior Proposal or withdraw or modify
    the Board Recommendation, if and only if:

 

(a)
the Person making the Superior Proposal was not restricted from making such Superior Proposal pursuant to an existing confidentiality,
standstill, non-disclosure, use, business purpose or similar restriction;

 

(b)
the Company has been, and continues to be, in compliance with its obligations under this Part 5;

 

(c)
the Company has delivered to the Purchaser a written notice of the determination of the Board that such Acquisition Proposal constitutes
a Superior Proposal and of the intention of the Board to enter into such definitive agreement or withdraw or modify the Board
Recommendation with respect to such Superior Proposal (the “Superior Proposal Notice”);

 

(d)
the Company has provided the Purchaser a copy of the proposed definitive agreement for the Superior Proposal;

 

(e)
at least five Business Days (the “Matching Period”) have elapsed from the date that is the later of the date
on which the Purchaser received the Superior Proposal Notice and the date on which the Purchaser received all of the materials
set forth in Section 5.4(1)(d);

 

(f)
during any Matching Period, the Purchaser has had the opportunity (but not the obligation), in accordance with Section 5.4(2),
to offer to amend this Agreement and the Arrangement in order for such Acquisition Proposal to cease to be a Superior Proposal;
and

 

(g)
if the Purchaser has offered to amend this Agreement and the Arrangement under Section 5.4(2), the Board (i) has determined in
good faith, after completing a financial review and consultation with its outside legal counsel, that such Acquisition Proposal
continues to constitute a Superior Proposal (compared to the terms of the Arrangement as proposed to be amended by the Purchaser
under Section 5.4(2)) and (ii) has determined in good faith, after consultation with its outside legal counsel, that it is necessary
for the Board enter into a definitive agreement with respect to such Superior Proposal or withdraw or modify the Board Recommendation
in order to properly discharge its fiduciary duties; and

 

(h)
prior to entering into such definitive agreement, the Company terminates the Agreement pursuant to Section 7.1(a)(iv)(B) upon
payment to the Purchaser of the Company Termination Fee payable by the Company pursuant to Section 7.2(a)(i).

 

    	-32-

    	 

    

 

	(2)	During
    the Matching Period, or such longer period as the Company may approve in writing for such purpose: (a) the Board will review
    any offer made by the Purchaser and Bridgeway under Section 5.4(1)(f) to amend the terms of this Agreement and the Arrangement
    in good faith after completing a financial review and consultation with outside legal, in order to determine whether such
    proposal would, upon acceptance, result in the Acquisition Proposal previously constituting a Superior Proposal ceasing to
    be a Superior Proposal; and (b) the Company will negotiate in good faith with the Purchaser to make such amendments to the
    terms of this Agreement and the Arrangement as would enable the Purchaser to proceed with the transactions contemplated by
    this Agreement on such amended terms. If the Board determines that such Acquisition Proposal would cease to be a Superior
    Proposal, the Company will promptly so advise the Purchaser and the Parties will amend this Agreement to reflect such offer
    made by the Purchaser, and will take and cause to be taken all such actions as are necessary to give effect to the foregoing.
	 	 
	(3)	Each
    successive amendment or modification to any Acquisition Proposal that results in an increase in, or modification of, the consideration
    (or value of such consideration) to be received by the Affected Securityholders or other material terms or conditions thereof
    will constitute a new Acquisition Proposal for the purposes of this Section 5.4, and the Purchaser will be afforded a new
    five Business Day Matching Period from the later of the date on which the Purchaser received the Superior Proposal Notice
    and the date on which the Purchaser received all of the materials set forth in Section 5.4(1)(d) with respect to the new Superior
    Proposal from the Company.
	 	 
	(4)	The
    Board will promptly reaffirm the Board Recommendation by press release after any Acquisition Proposal which is not determined
    to be a Superior Proposal is publicly announced or publicly disclosed or the Board determines that a proposed amendment to
    the terms of this Agreement as contemplated under Section 5.4(2) would result in an Acquisition Proposal no longer being a
    Superior Proposal. The Company will provide the Purchaser and its outside legal counsel with a reasonable opportunity to review
    and comment on the form and content of any such press release.
	 	 
	(5)	If
    the Company provides a Superior Proposal Notice to the Purchaser after a date that is less than five Business Days before
    the Meeting, the Company will either proceed with or will postpone the Meeting to a date that is not more than five Business
    Days after the scheduled date of the Meeting, as directed by the Purchaser and Bridgeway.
	 	 
	(6)	The
    Company will advise its Representatives of the prohibitions set out in this Part 5 and any violation of the restrictions set
    forth in this Part 5 by the Company or its Representatives is deemed to be a breach of this Part 5 by the Company.

 

    	-33-

    	 

    

 

Part
6

CONDITIONS

 

Section
6.1 Mutual Conditions Precedent

 

The
Parties are not required to complete the Arrangement unless each of the following conditions is satisfied on or prior to the Effective
Time, which conditions may only be waived, in whole or in part, by the mutual consent of the Parties:

 

	(1)	Arrangement
    Resolution. The Arrangement Resolution has been approved and adopted by the Affected Securityholders at the Meeting in
    accordance with the Interim Order and applicable Laws.
	 	 
	(2)	Interim
    and Final Order. Each of the Interim Order and the Final Order have been obtained on terms consistent with this Agreement
    and have not been set aside or modified in a manner unacceptable to either the Company or the Purchaser, each acting reasonably,
    on appeal or otherwise.
	 	 
	(3)	Illegality.
    No Law will have been enacted, made or issued that makes the consummation of the Arrangement illegal or otherwise prohibits
    or enjoins the Company or the Purchaser from consummating the Arrangement.
	 	 
	(4)	No
    Legal Action. There is no action or proceeding (whether, for greater certainty, by a Governmental Entity or any other
    Person) known to the Purchaser or the Company to be pending or threatened in any jurisdiction to:

 

(a)
cease trade, enjoin, prohibit, or impose any limitations, damages or conditions on, the Purchaser’s ability to acquire,
hold or exercise full rights of ownership over, any Common Shares, including the right to vote the Common Shares;

 

(b)
prohibit, restrict or impose terms or conditions on the Arrangement, or the ownership or operation by the Purchaser of the business
or assets of the Purchaser, its affiliates and related entities, the Company or any of the Company’s related entities, or
compel the Purchaser to dispose of or hold separate any of the business or assets of the Purchasers, its affiliates and related
entities, the Company or any of the Company’s related entities as a result of the Arrangement; or

 

(c)
prevent or materially delay the consummation of the Arrangement, or if the Arrangement were to be consummated, have a Material
Adverse Effect.

 

	(5)	Regulatory
    Approvals. All Authorizations will have been obtained or concluded or, in the case of waiting or suspensory periods, expired
    or been terminated.
	 	 
	(6)	Governmental
    Entity Action. No Governmental Entity will have enacted, issued, promulgated, enforced, made, entered, issued or applied
    any Law (whether temporary, preliminary or permanent) that makes the Arrangement illegal or otherwise directly or indirectly
    enjoins, restrains or otherwise prohibits consummation of the Arrangement or the other transactions contemplated herein or
    creates a Material Adverse Effect.

 

    	-34-

    	 

    

 

	(7)	Exchange
    Matters. The necessary conditional approvals of the Exchange for the completion of the Arrangement and the de-listing
    of the Common Shares.
	 	 
	(8)	Articles
    of Arrangement. The Articles of Arrangement to be filed with the Director under the BCA in accordance with the Arrangement
    will be in a form and content satisfactory to the Company and the Purchaser, each acting reasonably.

 

Section
6.2 Additional Conditions Precedent to the Obligations of the Purchaser

 

Each
of the Purchaser and the Purchaser Group is not required to complete the Arrangement unless each of the following conditions is
satisfied on or before the Effective Time, which conditions are for the exclusive benefit of and may only be waived, in whole
or in part, by the Purchaser Group, in their sole discretion which, if not satisfied or waived, will relieve the Purchaser and
Bridgeway of any obligation under this Agreement:

 

	(1)	Representations
    and Warranties. The representations and warranties of Input in Schedule C (which for the purposes of this section ‎6.2
    will be read as though none of them contained any Material Adverse Effect qualification or other materiality qualification)
    will be true and correct in all material respects as of the Effective Date as if made on and as of such date (except for such
    representations and warranties which refer to or are made as of another specified date, in which case such representations
    and warranties will have been true and correct in all respects as of that date), except to the extent that the failure or
    failures of such representations and warranties to be so true and correct, individually or in the aggregate, would not have
    a Material Adverse Effect.
	 	 
	(2)	Performance
    of Covenants. The Company has fulfilled or complied in all respects with each of the covenants of the Company contained
    in this Agreement to be fulfilled or complied with by it on or prior to the Effective Time.
	 	 
	(3)	Approvals.
    All material third party consents, waivers, permits, orders and approvals that are necessary, to consummate the transactions
    contemplated by this Agreement as set forth on Section 6.2 of the Disclosure Schedule, will have been obtained or received
    on terms that are acceptable to the Purchaser, acting reasonably.
	 	 
	(4)	Dissent
    Rights. Dissent Rights have not been exercised with respect to more than 10.0% of the issued and outstanding Common Shares.
	 	 
	(5)	Officer’s
    Certificate. The Purchaser Group and the Purchaser will have received a certificate of Input signed by a senior officer
    of Input and dated the Effective Date (and without personal liability) certifying that the conditions set out in this Section
    6.2 have been satisfied, which certificate will cease to have any force and effect after the Effective Time.
	 	 
	(6)	Material
    Adverse Effect. The Purchaser and Bridgeway shall have determined in its reasonable business judgment that there will
    not exist or have occurred any change which, individually or in the aggregate, has had, or would reasonably be expected to
    have, a Material Adverse Effect, excluding any Material Adverse Effect that arose as a result of any action or inaction of
    the Purchaser Group or the Purchaser (and, for greater certainty, the public announcement of the Arrangement or the entering
    into of this Agreement by the Purchaser Group and the Purchaser will not be considered as such action for the purposes of
    this clause).

 

    	-35-

    	 

    

 

	(7)	No
    Change in Recommendation. A Change in Recommendation will not have occurred.
	 	 
	(8)	Management
    Arrangements. Management will have entered into employment and arrangements with the Purchaser or Input that are suitable
    to the Purchaser Group, acting reasonably.
	 	 
	(9)	Lock-up
    Agreements in Force. The Lock-up Agreements remain in full force and effect and the parties thereto (other than the Purchaser
    Group) shall not be in default of any covenant contained therein.
	 	 
	(10)	Board
    Resolutions. The Board shall have adopted all necessary resolutions, and all other necessary corporate action shall have
    been taken by the Company, to permit the consummation of the Arrangement.
	 	 
	(11)	No
    Actions. The Purchaser shall have determined in its reasonable business judgment that (i) no act, action, suit or proceeding
    shall have been threatened to be taken or taken before or by any domestic or foreign Governmental Entity or by any elected
    or appointed public official or private Person (including, without limitation, any individual, company, firm, group or other
    entity) in Canada or elsewhere and (ii) no law, regulation, rule or policy shall have been proposed, enacted, promulgated
    or applied, in the case of (i) or (ii) above to cease trade, enjoin, prohibit or impose material limitations or conditions
    on the completion of the Arrangement (which limitations or conditions would constitute a Material Adverse Change) or the right
    of the Purchaser to own or exercise full rights of ownership of all of the outstanding Common Shares.
	 	 
	(12)	Cash
    on Hand. The Company shall have delivered to the Purchaser the Cash on Hand Certificate on the Calculation Date which
    demonstrates that the Company will have no less than $20,000,000 in Cash on Hand as at the Effective Date.

 

Section
6.3 Additional Conditions Precedent to the Obligations of the Company

 

The
Company is not required to complete the Arrangement unless each of the following conditions is satisfied on or before the Effective
Time, which conditions are for the exclusive benefit of the Company and may only be waived, in whole or in part, by the Company
in its sole discretion which, if not satisfied or waived will relieve the Company of any obligation under this Agreement:

 

	(1)	Representations
    and Warranties. The representations and warranties of the Purchaser which are qualified by references to materiality and
    the representations and warranties set forth in Section (1), Section (2) and Section (7) of Schedule D were true and correct
    as of the date of this Agreement and are true and correct as of the Effective Time, in all respects, and all other representations
    and warranties of the Purchaser were true and correct as of the date of this Agreement and are true and correct as of the
    Effective Time, in all material respects, in each case except for representations and warranties made as of a specified date,
    the accuracy of which will be determined as of such specified date, and the Purchaser has delivered a certificate confirming
    same to the Company, executed by two senior officers of the Purchaser (in each case without personal liability) addressed
    to the Company and dated the Effective Date.

 

    	-36-

    	 

    

 

	(2)	Performance
    of Covenants. The Purchaser and Bridgeway will have fulfilled or complied in all material respects with each of the covenants
    of the Purchaser and Bridgeway contained in this Agreement to be fulfilled or complied with by it on or prior to the Effective
    Time, except where the failure to comply with its covenants, individually or in the aggregate, would not materially impede
    completion of the Arrangement, and the Purchaser and Bridgeway have delivered a certificate confirming same to the Company,
    executed by two senior officers of each of the Purchaser and Bridgeway (in each case without personal liability) addressed
    to the Company and dated the Effective Date.
	 	 
	(3)	Consideration.
    The Purchaser will have deposited or caused to be deposited with the Depository sufficient funds to effect payment in full
    of the Consideration and the In-the-Money Option Consideration.

 

Section
6.4 Satisfaction of Conditions

 

The
conditions precedent set out in Section 6.1, Section 6.2 and Section 6.3 will be conclusively deemed to have been satisfied, waived
or released when the Certificate of Arrangement is issued by the Director.

 

Section
6.5 Delivered Calculations

 

In
connection with the satisfaction of the condition contained in Section 6.2(12), the Company will deliver to the Purchaser on the
Calculation Date draft calculations of Cash on Hand and projected cash calculations in the form as previously agreed with the
Purchaser including the amount of working capital in the Company, and following good faith discussions and consultations with
the Purchaser regarding the accuracy of those calculations, the Company will deliver final versions of those calculations.

 

Part
7

TERM
AND TERMINATION

 

Section
7.1 Termination

 

(a)
This Agreement may be terminated at any time prior to the Effective Time (notwithstanding any approval of this Agreement or the
Arrangement Resolution by the Shareholders or by the Court):

 

(i)
by mutual written agreement of Input and the Purchaser Group (which, for the purposes of this Part 7, will include the Purchaser);

 

(ii)
by either Input or the Purchaser Group, if:

 

    	-37-

    	 

    

 

(A)
the Effective Time does not occur on or before the Outside Date, except that the right to terminate this Agreement under this
Section 7.1(a)(ii)(A) will not be available to any Party whose failure to fulfill any of its obligations or breach of any of its
representations and warranties under this Agreement has been the cause of, or resulted in, the failure of the Effective Time to
occur by such Outside Date;

 

(B)
after the date hereof, there will be enacted or made any Law that makes consummation of the Arrangement illegal or otherwise prohibits
or enjoins Input or the Purchaser Group from consummating the Arrangement and such Law or enjoinment will have become final and
non-appealable; provided that, a Party may not terminate this Agreement pursuant to this Section 7.1(a)(ii)(B) if the enactment,
making, enforcement or amendment of such Law has been caused by, or is a result of, a breach by such Party of any of its representations
or warranties or the failure of such Party to perform any of its covenants or agreements under this Agreement and provided further
that the Party seeking to terminate this Agreement pursuant to this Section 7.1(a)(ii)(B) has used its commercially reasonable
efforts to, as applicable, prevent, appeal or overturn such Law or otherwise have it lifted or rendered non-applicable in respect
of the Arrangement;

 

(C)
the Required Securityholder Approval will not have been obtained at the Meeting in accordance with the Interim Order; or

 

(iii)
by the Purchaser Group, if:

 

(A)
the Board will have made a Change in Recommendation;

 

(B)
a breach of any representation or warranty or failure to perform any covenant or agreement on the part of Input set forth in this
Agreement will have occurred that would cause the conditions set forth in Section 6.1 or Section 6.2 not to be satisfied, and
such conditions are incapable of being satisfied by the Outside Date, as reasonably determined by the Purchaser Group or if such
conditions are otherwise not satisfied; or

 

(iv)
by Input, if:

 

(A)
a breach of any representation or warranty or failure to perform any covenant or agreement on the part of the Purchaser Group
set forth in this Agreement will have occurred that would cause the conditions set forth in Section 6.1 or ‎Section 6.3 not
to be satisfied, and such conditions are incapable of being satisfied by the Outside Date, as reasonably determined by Input or
if such conditions are otherwise not satisfied; or

 

(B)
Input, subject to complying with the terms of Section 5.1, (i) shall have approved or recommended an Acquisition Proposal; or
(ii) will have entered into a legally binding agreement with respect to a Superior Proposal provided that the Company pays to
Purchaser the Company Termination Fee in accordance with Section 7.2 simultaneously with such termination (any purported termination
pursuant to this Section 7.1(a)(iv)(B) being void and of no force or effect unless the Company shall have made such payment).

 

    	-38-

    	 

    

 

(b)
The Party desiring to terminate this Agreement pursuant to this Section 7.1 (other than pursuant to Section 7.1(a)(i)) will give
notice of such termination to the other Parties, specifying in reasonable detail the basis for such Party’s exercise of
its termination right.

 

(c)
If this Agreement is terminated pursuant to this Section 7.1, this Agreement will become void and be of no further force or effect
without liability of any Party (or any representative of such Party) to any other Party hereto, except that the provisions of
this Section 7.1(c), ‎Section 7.2, Section 8.11, Section 8.14 and all related defined terms set forth in Section 1.1 will
survive any termination hereof pursuant to this Section 7.1.

 

Section
7.2 Agreement to Termination Fees

 

(a)
Notwithstanding any other provision relating to the payment of fees or expenses,

 

(i)
the Company shall pay, or cause to be paid, to Bridgeway by wire transfer of immediately available funds an amount equal to 3%
of the aggregate Consideration (the “Company Termination Fee”), if any of the following events occurs:

 

(A)
if the Purchaser Group shall have terminated this Agreement pursuant to Section 7.1(a)(iii)(A), in which case payment shall be
made within two Business Days of such termination; or

 

(B)
if (i) all conditions set forth in Section 6.1 or Section 6.3 have been satisfied or waived (excluding the conditions that cannot
be satisfied because of a failure of the Company to perform any covenant or agreement required hereunder or that, by their terms,
cannot be satisfied until the Effective Date, in which case, there is no state of facts or circumstances then existing that would
cause such conditions not to be satisfied), and (ii) the Purchaser Group shall have terminated this Agreement pursuant to Section
7.1(a)(iii)(B), in which case payment shall be made within two Business Days of such termination; or

 

(C)
if the Company shall have terminated this Agreement pursuant to Section 7.1(a)(iv)(B), in which case payment shall be made before
or concurrently with such termination and shall be a condition to the effectiveness of such termination; and

  

    	-39-

    	 

    

 

(ii)
Bridgeway shall pay, or cause to be paid, to the Company by wire transfer of immediately available funds an amount equal to 3%
of the aggregate Consideration (the “Purchaser Termination Fee”), if (A) all conditions set forth in Section
6.1 or Section 6.2 have been satisfied or waived (excluding the conditions that cannot be satisfied because of a failure of the
Purchaser Group to perform any covenant or agreement required hereunder or that, by their terms, cannot be satisfied until the
Effective Date, in which case, there is no state of facts or circumstances then existing that would cause such conditions not
to be satisfied), and (B) the Company shall have terminated this Agreement pursuant to Section 7.1(a)(iv)(A), in which case payment
shall be made within two Business Days of such termination.

 

(b)
Each of the Parties acknowledges that the agreements contained in this Section 7.2 are an integral part of the transactions contemplated
by this Agreement and that, without those agreements, the Parties would not enter into this Agreement. Each Party agrees that,
upon any termination of this Agreement under circumstances where the Purchaser Group is entitled to the Company Termination Fee,
the Purchaser Group accepts the Company Termination Fee accepts as the sole and exclusive and will be precluded from any other
remedy against the Company at Law or in equity or otherwise (including, without limitation, an order for specific performance),
and will not seek to obtain any recovery, judgment, or damages of any kind, including consequential, indirect, or punitive damages,
against the Company or any of its respective directors, officers, employees, partners, managers, members, shareholders or affiliates
or its Representatives in connection with this Agreement or the transactions contemplated by this Agreement.

 

(c)
The Company Termination Fee or the Purchaser Termination Fee, as applicable will be paid to Bridgeway or the Company, as applicable
without any deduction or offset with respect to any tax deduction, tax withholding or similar payment (a “Tax Withholding”).
If the Company or Bridegway, as applicable, is required by applicable Laws to make a Tax Withholding in respect of the Company
Termination Fee or the Purchaser Termination Fee, as applicable, then the Company or Bridgeway, as applicable, will pay Bridgeway
or the Company, as applicable, the Company Termination Fee or the Purchaser Termination Fee, as applicable, in full and shall
also pay the Tax Withholding (including any additional Tax Withholding required with respect to the Company’s or Bridgeway’s,
as applicable, additional payments under this subsection) directly to the proper Taxing Authority.

 

Part
8

GENERAL PROVISIONS

Section
8.1 Amendments

 

This
Agreement and the Plan of Arrangement may, at any time and from time to time before or after the holding of the Meeting but not
later than the Effective Time, be amended by mutual written agreement of the Parties, without further notice to or authorization
on the part of the Affected Securityholders, and any such amendment may, subject to the Interim Order and Final Order and Laws,
without limitation:

 

(a)
change the time for performance of any of the obligations or acts of the Parties;

 

    	-40-

    	 

    

  

(b)
modify any representation or warranty contained in this Agreement or in any document delivered pursuant to this Agreement;

 

(c)
modify any of the covenants contained in this Agreement and waive or modify performance of any of the obligations of the Parties;
and/or

 

(d)
modify any mutual conditions contained in this Agreement, provided however that no such amendment may reduce the Consideration
or In-the-Money Option Consideration to be received by the Affected Securityholders without their approval at the Meeting or following
the Meeting, without their approval given in the manner as required by applicable Laws for the approval of the Arrangement as
may be required by the Court.

 

Section
8.2 Notices

 

Any
notice, or other communication given regarding the matters contemplated by this Agreement must be in writing, sent by personal
delivery, courier, facsimile or electronic mail and addressed:

 

(a)
to the Purchaser Group at:

 

Bridgeway
National Corp.

1015
15th Street NW, Suite 1030

Washington
DC 20005

 

	Attention:	Eric
    Blue
	Telephone:	202.827.3838
	Facsimile:	202.217.3555
	Email:	Eric.Blue@bridgewaynational.com

 

with
a copy to:

 

Wildeboer
Dellelce LLP

Suite
800, Wildeboer Dellelce Place

365
Bay Street

Toronto,
Ontario

M5H
2V1

 

	Attention:	Jeff
    Hergott
	Telephone:	416.361.4783
	Facsimile:	416.361.1790
	Email:	jhergott@wildlaw.ca

 

    	-41-

    	 

    

 

(b)
to the Company at:

 

Input
Capital Corp.

300
- 1914 Hamilton Street

Regina,
Saskatchewan

S4P
3N6

 

	Attention:	Doug
    Emsley
	Telephone:	306.347.1024
	Facsimile:	306.352.4110
	Email:	doug@inputcapital.com

 

with
a copy to:

 

McKercher
LLP

800
-1801 Hamilton Street

Regina,
Saskatchewan

S4P
4B4

 

	Attention:	Patricia
    Warsaba
	Telephone:	306.565.6509
	Facsimile:	306.565.6565
	Email:	p.warsaba@mckercher.ca

 

Any
notice or other communication is deemed to be given and received (i) if sent by personal delivery, same day courier or electronic
mail, on the date of delivery if it is a Business Day and the delivery was made prior to 4:00 p.m. (local time in place of receipt)
and otherwise on the next Business Day, (ii) if sent by overnight courier, on the next Business Day, or (iii) if sent by facsimile,
on the Business Day following the date of confirmation of transmission by the originating facsimile. Sending a copy of a notice
or other communication to a Party’s legal counsel as contemplated above is for information purposes only and does not constitute
delivery of the notice or other communication to that Party. The failure to send a copy of a notice or other communication to
legal counsel does not invalidate delivery of that notice or other communication to a Party.

 

Section
8.3 Time of the Essence

 

Time
is of the essence in this Agreement.

 

Section
8.4 Injunctive Relief

 

The
Parties agree that irreparable harm would occur for which money damages would not be an adequate remedy at law in the event that
any of the provisions of this Agreement were not performed in accordance with their specific terms or were otherwise breached.
It is accordingly agreed that the Parties will be entitled to injunctive and other equitable relief to prevent breaches or threatened
breaches of this Agreement, and to enforce compliance with the terms of this Agreement without any requirement for the securing
or posting of any bond in connection with the obtaining of any such injunctive or other equitable relief, this being in addition
to any other remedy to which the Parties may be entitled at law or in equity.

 

    	-42-

    	 

    

 

Section
8.5 Third Party Beneficiaries

 

	(1)	Except
    for the rights of the Affected Securityholders to receive the applicable consideration following the Effective Time pursuant
    to the Plan of Arrangement and except as provided in Section 4.8 which, without limiting their terms, is intended as stipulations
    for the benefit of the third Persons mentioned in such provision (such third Persons referred to in this Section 8.5 as the
    “Indemnified Persons”), the Parties intend that this Agreement will not benefit or create any right or
    cause of action in favour of any Person, other than the Parties and that no Person, other than the Parties, will be entitled
    to rely on the provisions of this Agreement in any action, suit, proceeding, hearing or other forum.
	 	 
	(2)	Despite
    the foregoing, the Parties acknowledge to each of the Indemnified Persons their direct rights against the applicable Party
    under Section 4.8 of this Agreement, which are intended for the benefit of, and will be enforceable by, each Indemnified Person,
    his or her heirs and his or her legal representatives, and for such purpose, each Party, as applicable, confirms that it is
    acting as trustee on their behalf, and agrees to enforce such provisions on their behalf.

 

Section
8.6 Waiver

 

	(1)	No
    waiver of any of the provisions of this Agreement will constitute a waiver of any other provision (whether or not similar).
    No waiver will be binding unless executed in writing by the Party to be bound by the waiver. A Party’s failure or delay
    in exercising any right under this Agreement will not operate as a waiver of that right. A single or partial exercise of any
    right will not preclude a Party from any other or further exercise of that right or the exercise of any other right.

 

Section
8.7 Entire Agreement

 

This
Agreement constitutes the entire agreement between the Parties with respect to the transactions contemplated by this Agreement
and supersedes all prior agreements, understandings, negotiations and discussions, whether oral or written, of the Parties with
respect to the transactions contemplated by this Agreement. There are no representations, warranties, covenants, conditions or
other agreements, express or implied, collateral, statutory or otherwise, between the Parties in connection with the subject matter
of this Agreement, except as specifically set forth in this Agreement. The Parties have not relied and are not relying on any
other information, discussion or understanding in entering into and completing the transactions contemplated by this Agreement.

  

Section
8.8 Successors and Assigns

 

	(1)	This
    Agreement becomes effective only when executed by the Parties. After that time, it will be binding upon and enure to the benefit
    of the Parties and their respective successors and permitted assigns.

 

    	-43-

    	 

    

 

	(2)	Neither
    this Agreement nor any of the rights or obligations under this Agreement are assignable or transferable by any Party without
    the prior written consent of the other Party, provided that the Purchaser may assign all or part of its rights under this
    Agreement to, and its obligations under this Agreement may be assumed by, any of its affiliates, provide that if such assignment
    and/or assumption takes place, the Purchaser and Bridgeway will continue to be liable jointly and severally with such affiliate,
    as the case may be, for all of its obligations hereunder.

 

Section
8.9 Further Assurances

 

Each
Party hereto shall, from time to time, and at all times hereafter, at the request of any other party hereto, but without further
consideration, do all such further acts and execute and deliver all such further documents and instruments as shall be reasonably
required in order to fully perform and carry out the terms and intent hereof.

 

Section
8.10 Severability

 

If
any provision of this Agreement is determined to be illegal, invalid or unenforceable by any court of competent jurisdiction,
that provision will be severed from this Agreement and the remaining provisions will remain in full force and effect. Upon such
determination that any term or other provision is invalid, illegal or incapable of being enforced, the Parties will negotiate
in good faith to modify this Agreement so as to effect the original intent of the Parties as closely as possible in an acceptable
manner to the end that the transactions contemplated hereby are fulfilled to the fullest extent possible.

 

Section
8.11 Expenses

 

	(1)	The
    Parties agree that all out-of-pocket expenses of the parties relating to the Arrangement and the transactions contemplated
    hereby, including legal fees, accounting fees, financial advisory fees, regulatory filing fees, all disbursements of advisors
    and printing and mailing costs, shall be paid by the Party incurring such expenses.
	 	 
	(2)	Except
    as disclosed in the Disclosure Letter, the Company represents and warrants to the Purchaser that no broker, finder or investment
    banker is entitled to any brokerage, finders or other fee or commission from the Company in connection with this Agreement
    or the Arrangement.

 

Section
8.12 Governing Law

 

	(1)	This
    Agreement will be governed by and interpreted and enforced in accordance with the laws of the Province of Saskatchewan and
    the federal laws of Canada applicable therein.
	 	 
	(2)	Each
    Party irrevocably attorns and submits to the non-exclusive jurisdiction of the Saskatchewan courts situated in the City of
    Regina and waives objection to the venue of any proceeding in such court or that such court provides an inconvenient forum.

 

    	-44-

    	 

    

 

Section
8.13 Rules of Construction

 

The
Parties to this Agreement waive the application of any Law or rule of construction providing that ambiguities in any agreement
or other document will be construed against the party drafting such agreement or other document.

 

Section
8.14 No Liability

 

No
director or officer of the Purchaser or Bridgeway will have any personal liability whatsoever to the Company under this Agreement
or any other document delivered in connection with the transactions contemplated hereby on behalf of the Purchaser or Bridgeway.
No director or officer of the Company will have any personal liability whatsoever to the Purchaser or Bridgeway under this Agreement
or any other document delivered in connection with the transactions contemplated hereby on behalf of the Company.

 

Section
8.15 Counterparts

 

This
Agreement may be executed in any number of counterparts (including counterparts by facsimile) and all such counterparts taken
together will be deemed to constitute one and the same instrument. The Parties will be entitled to rely upon delivery of an executed
facsimile or similar executed electronic copy of this Agreement, and such facsimile or similar executed electronic copy will be
legally effective to create a valid and binding agreement between the Parties.

 

[Remainder
of page intentionally left blank. Signature page follows.]

 

    	-45-

    	 

    

 

IN
WITNESS WHEREOF the Parties have executed this Arrangement Agreement.

 

	102109637
    SASKATCHEWAN LTD.	 
	 	 	 
	Per:	 	 
	 	Authorized
    Signatory	 
	 	 	 
	BRIDGEWAY
    NATIONAL CORP.	 
	 	 
	Per:	 	 
	 	Authorized
    Signatory	 
	 	 	 
	INPUT
    CAPITAL CORP.	 
	 	 
	Per:	 	 
	 	Authorized
    Signatory	 

 

    	-46-

    	 

    

 

SCHEDULE
A

 

PLAN
OF ARRANGEMENT

 

PLAN
OF ARRANGEMENT UNDER SECTION 186.1

OF
THE BUSINESS CORPORATIONS ACT

 

1.
INTERPRETATION

 

Definitions

 

1.1
Unless indicated otherwise, where used in this Plan of Arrangement, capitalized terms used but not defined will have the meanings
specified in the Arrangement Agreement and the following terms will have the following meanings (and grammatical variations of
such terms will have corresponding meanings):

 

“Affected
Securityholders” means the Shareholders.

 

“Amalco”
means the amalgamated company formed by the amalgamation of the Company and the Purchaser.

 

“Amalgamation”
means the amalgamation to be effected pursuant to the Arrangement of the Company and the Purchaser under the laws of Saskatchewan.

 

“Arrangement”
means the arrangement under Section 186.1 of the BCA on the terms and subject to the conditions set out in this Plan of Arrangement,
subject to any amendments or variations made in accordance with the terms of the Arrangement Agreement or Section 5.1 of this
Plan of Arrangement or made at the direction of the Court in the Final Order with the prior written consent of the Company and
the Purchaser, each acting reasonably.

 

“Arrangement
Agreement” means the arrangement agreement made as of August 12, 2020 among the Purchaser, Bridgeway National Corp.
and the Company (including the Schedules thereto) as it may be amended, restated, supplemented or novated from time to time in
accordance with its terms.

 

“Arrangement
Resolution” means the special resolution approving this Plan of Arrangement to be considered at the Meeting by the Affected
Securityholders.

 

“Articles
of Arrangement” means the articles of arrangement of the Company in respect of the Arrangement, required by the BCA
to be sent to the Director after the Final Order is made, which will include this Plan of Arrangement and otherwise be in a form
and content satisfactory to the Company and the Purchaser, each acting reasonably.

 

“Business
Day” means any day of the year, other than a Saturday, Sunday, a public holiday or a day when banks in Regina, Saskatchewan
are not generally open for business.

 

“BCA”
means The Business Corporations Act (Saskatchewan).

 

    	 

    	 

    

 

“Certificate
of Arrangement” means the certificate of arrangement issued by the Director pursuant to subsection 186.1(7) of the BCA
in respect of the Articles of Arrangement.

 

“Common
Shares” means the common shares in the capital of the Company.

 

“Company”
means Input Capital Corp.

 

“Consideration”
means $1.75 in cash per Common Share.

 

“Court”
means the Court of the Queen’s Bench, or other court as applicable.

 

“Depositary”
means TSX Trust Company.

 

“Director”
means the Director appointed pursuant to Section 279 of the BCA.

 

“Dissent
Rights” has the meaning specified in Section 3.1 of this Plan of Arrangement.

 

“Dissenting
Holder” means a registered holder of Common Shares who has validly exercised its Dissent Rights and has not withdrawn
or been deemed to have withdrawn such exercise of Dissent Rights, but only in respect of the Common Shares in respect of which
Dissent Rights are validly exercised by such registered holder of Common Shares.

 

“Effective
Date” means the date shown on the Certificate of Arrangement giving effect to the Arrangement.

 

“DSU”
means a deferred share unit issued under the DSU Plan.

 

“DSU
Consideration” means $1.75 in cash per DSU.

 

“DSU
Holder” means a holder of a DSU pursuant to the DSU Plan.

 

“DSU
Plan” means the deferred share unit plan dated December 1, 2013.

 

“Effective
Time” means 12:01 a.m. (Regina time) on the Effective Date, or such other time as the Parties agree to in writing before
the Effective Date.

 

“Final
Order” means the final order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably,
approving the Arrangement, as such order may be amended by the Court (with the consent of both the Company and the Purchaser,
each acting reasonably) at any time prior to the Effective Date or, if appealed, then, unless such appeal is withdrawn or denied,
as affirmed or as amended (provided that any such amendment is acceptable to both the Company and the Purchaser, each acting reasonably)
on appeal.

 

“Governmental
Entity” means (i) any international, multinational, national, federal, provincial, state, regional, municipal, local
or other government, governmental or public department, central bank, court, tribunal, arbitral body, commission, board, bureau,
commissioner, minister, cabinet, governor in council, ministry, agency or instrumentality, domestic or foreign, (ii) any subdivision
or authority of any of the above, (iii) any quasi-governmental or private body exercising any regulatory, expropriation or taxing
authority under or for the account of any of the foregoing, or (iv) any stock exchange.

 

    	-2- 

    	 

    

 

“Information
Circular” means the notice of the Meeting and accompanying management information circular, including all schedules,
appendices and exhibits to, and information incorporated by reference in, such management information circular, to be sent to
the Affected Securityholders in connection with the Meeting, as amended, supplemented or otherwise modified from time to time
in accordance with the terms of the Arrangement Agreement.

 

“Interim
Order” means the interim order of the Court in a form acceptable to the Company and the Purchaser, each acting reasonably,
providing for, among other things, the calling and holding of the Meeting, as such order may be amended by the Court with the
consent of the Company and the Purchaser, each acting reasonably.

 

“In-the-Money
Option” means an Option, whether vested or unvested, that has an exercise price payable in respect of the Common Share
underlying such Option that is less than the Consideration.

 

“In-the-Money
Option Consideration” means, in respect of each In-the-Money Option, a cash amount equal to the amount by which the
Consideration exceeds the exercise price payable under such In-the-Money Option by the holder thereof to acquire the Common Share
underlying such Option.

 

“Law”
means, with respect to any Person, any and all applicable law (statutory, common or otherwise), constitution, treaty, convention,
ordinance, code, rule, regulation, order, injunction, judgment, decree, ruling or other similar requirement, whether domestic
or foreign, enacted, adopted, promulgated or applied by a Governmental Entity that is binding upon or applicable to such Person
or its business, undertaking, property or securities, and to the extent that they have the force of law, policies, guidelines,
notices and protocols of any Governmental Entity, as amended unless expressly specified otherwise.

 

“Lien”
means any mortgage, charge, pledge, hypothec, security interest, prior claim, encroachment, option, right of first refusal or
first offer, occupancy right, covenant, assignment, lien (statutory or otherwise), defect of title, or restriction or adverse
right or claim, or other third party interest or encumbrance of any kind, in each case, whether contingent or absolute.

 

“Letter
of Transmittal” means the letter of transmittal sent to holders of Common Shares for use in connection with the Arrangement.

 

“Meeting”
means the special meeting of the Affected Securityholders, including any adjournment or postponement of such special meeting in
accordance with the terms of the Arrangement Agreement, to be called and held in accordance with the Interim Order to consider
the Arrangement Resolution.

 

“Optionholders”
means the holders of Options granted pursuant to the Stock Option Plan.

 

“Options”
means the outstanding and unexercised options to purchase Common Shares granted pursuant to the Stock Option Plan on the Effective
Date.

 

    	-3- 

    	 

    

 

“Out-of-the-Money
Option” means an Option, whether vested or unvested, that has an exercise price payable in respect of the Common Share
underlying such Option that is greater than the Consideration.

 

“Person”
includes any individual, partnership, association, body corporate, organization, trust, estate, trustee, executor, administrator,
legal representative, government (including Governmental Entity), syndicate or other entity, whether or not having legal status.

 

“Plan
of Arrangement” means this plan of arrangement, and any amendments or variations made in accordance with Section 8.1
of the Arrangement Agreement or Section 5.1 of this plan of arrangement or made at the direction of the Court in the Final Order
with the prior written consent of the Company and the Purchaser, each acting reasonably.

 

“Purchaser”
means 102109637 Saskatchewan Ltd.

 

“Shareholders”
means the registered or beneficial holders of the Common Shares, as the context requires.

 

“Stock
Option Plan” means the amended and restated share option plan of the Company.

 

“Tax
Act” means the Income Tax Act (Canada).

 

Certain
Rules of Interpretation

 

1.2
In this Plan of Arrangement, unless otherwise specified:

 

(a)
Headings, etc. The division of this Plan of Arrangement into Articles and Sections and the insertion of headings are for
convenient reference only and do not affect the construction or interpretation of this Plan of Arrangement.

 

(b)
Currency. All references to dollars or to $ are references to Canadian dollars.

 

(c)
Gender and Number. Any reference to gender includes all genders. Words importing the singular number only include the plural
and vice versa.

 

(d)
Certain Phrases, etc. The words (i) “including”, “includes” and “include” mean “including
(or includes or include) without limitation,” and (ii) unless stated otherwise, “Article”, “Section”,
and “Schedule” followed by a number or letter mean and refer to the specified Article or Section of or Schedule to
this Plan of Arrangement.

 

(e)
Statutes. Any reference to a statute refers to such statute and all rules and regulations made under it, as it or they
may have been or may from time to time be amended or re-enacted, unless stated otherwise.

 

(f)
Computation of Time. A period of time is to be computed as beginning on the day following the event that began the period
and ending at 4:30 p.m. on the last day of the period, if the last day of the period is a Business Day, or at 4:30 p.m. on the
next Business Day if the last day of the period is not a Business Day. If the date on which any action is required or permitted
to be taken under this Plan of Arrangement by a Person is not a Business Day, such action will be required or permitted to be
taken on the next succeeding day which is a Business Day.

 

(g)
Time References. References to time are to local time, Regina, Saskatchewan.

 

    	-4- 

    	 

    

 

2.
THE ARRANGEMENT

 

Arrangement
Agreement

 

2.1
This Plan of Arrangement is made pursuant to, is subject to the provisions of, and forms part of the Arrangement Agreement.

 

Binding
Effect

 

2.2
This Plan of Arrangement and the Arrangement, upon the filing of the Articles of Arrangement and the issuance of the Certificate
of Arrangement, will become effective, and be binding on the Purchaser, the Company, all registered and beneficial Shareholders
and all registered and beneficial owners of Options, at and after, the Effective Time without any further act or formality required
on the part of any Person.

 

Arrangement

 

2.3
At the Effective Time each of the following events will occur and will be deemed to occur sequentially as set out below without
any further authorization, act or formality, in each case, unless stated otherwise, effective as at five minute intervals starting
at the Effective Time:

 

(a)
the Purchaser shall advance a loan to the Company having a principal amount equal to the aggregate In-the-Money Option Consideration
(the “Advance Amount”) deliverable by the Company in respect of all In-the-Money Options, which advance shall
be evidenced by an promissory note issued by the Company to the Purchaser, and amounts deposited by the Purchaser with the Depository
in accordance with Section 4 shall be held by the Depositary on behalf of the Company in satisfaction of the Purchaser’s
obligation to deliver the Advance Amount to the Company.

 

(b)
Notwithstanding any contingent vesting provisions to which an Option might otherwise have been subject and without any further
action on behalf of any Optionholder:

 

(i)
each In-the-Money Option outstanding immediately prior to the Effective Time (whether vested or unvested) shall be transferred
by the holder thereof to the Company in consideration for the In-the-Money Consideration in respect of such Option;

 

(ii)
each Out-of-the-Money Option shall be transferred by the holder thereof to the Company for no consideration

 

(iii)
all Options shall immediately be cancelled and all option agreements related thereto shall be terminated and the holder thereof
shall thereafter have only the right to receive the consideration to which such holder is entitled pursuant to this Section 2.3(b)
in the manner specified in Section 4; and

 

    	-5- 

    	 

    

 

(iv)
the Stock Option Plan shall be terminated and none of the Company or any of its affiliates shall have any liabilities or obligations
with respect to such plan except pursuant to this Section 2.3(b) and Section 4.

 

(c)
Notwithstanding any contingent vesting provisions to which a DSU might otherwise have been subject and without any further action
on behalf of any DSU Holder:

 

(i)
the Company shall deliver to each DSU Holder that is outstanding immediately prior to the Effective Time (whether vested or unvested)
a cash payment in an amount equal to the DSU Consideration for each such DSU held by such DSU Holder, which amount shall in each
case be paid to the holder by the Company from cash on hand;

 

(ii)
each such DSU shall immediately be cancelled and all agreements related thereto shall be terminated and the holder thereof shall
thereafter have only the right to receive the consideration to which such holder is entitled pursuant to this Section 2.3(c);
and

 

(iii)
the DSU Plan shall be terminated and none of the Company or any of its affiliates shall have any liabilities or obligations with
respect to such plan except pursuant to this Section 2.3(c).

 

(d)
each Common Share held by Dissenting Holders in respect of which Dissent Rights have been validly exercised will be, and be deemed
to have been, assigned and transferred, without any further act or formality, by the Dissenting Holder thereof, to the Purchaser
(free and clear of all Liens) in consideration for a debt claim against the Purchaser for the amount determined in accordance
with Article 3, and:

 

(i)
such Dissenting Holders will cease to be the holders of such Common Shares and to have any rights as holders of such Common Shares
other than the right to be paid the fair value for such Common Shares as set out in Section 3.1;

 

(ii)
such Dissenting Holders’ names will be removed from the register of Common Shares maintained by or on behalf of the Company;
and

 

(iii)
the Purchaser will be, and be deemed to be, the transferee of such Common Shares (free and clear of all Liens) and will be entered
in the register of Common Shares maintained by or on behalf of the Company;

 

(e)
each Common Share outstanding immediately prior to the Effective Time, other than (i) a Common Share held by a Dissenting Holder
who has validly exercised such holder’s Dissent Right, and (ii) a Common Share held by the Purchaser or any affiliate thereof,
will be, and be deemed to have been, assigned and transferred, without any further act of formality, by the holder thereof to
the Purchaser (free and clear of all Liens) in exchange for the applicable Consideration for each Common Share held, and:

 

    	-6- 

    	 

    

 

 

(i)
the holders of such Common Shares will cease to be the holders thereof and to have any rights as holders of such Common Shares
other than the right to be paid the Consideration per Common Share in accordance with this Plan of Arrangement;

 

(ii)
such holders’ names will be removed from the register of Common Shares maintained by or on behalf of the Company; and

 

(iii)
the Purchaser will be, and be deemed to be, the transferee of such Common Shares (free and clear of all Liens) and will be entered
in the register of the Common Shares maintained by or on behalf of the Company;

 

(f)
At the Effective Time but immediately after the events described in Section 2.3(a), (b), and (c) have occurred, the following
shall occur and be deemed to occur in the order specified in the following paragraphs without any further authorization, act or
formality:

 

(i)
the Company shall amalgamate with the Purchaser to form Amalco;

 

(ii)
on the Amalgamation, all of the Common Shares shall be cancelled;

 

(iii)
on the Amalgamation, all of the common shares in the capital of the Purchaser shall be converted, share for share, into common
shares of Amalco;

 

(iv)
Unless and until otherwise determined in the manner required by Law, or by Amalco, its directors or shareholders, the following
provisions shall apply to Amalco:

 

(A)
the name of Amalco shall be Input Capital Corp.;

 

(B)
the registered office of Amalco shall be located in Regina in the Province of Saskatchewan. The address of the registered head
office of Amalco shall be ●;

 

(C)
there shall be no restrictions on the business Amalco may carry on or the powers it may exercise;

 

(D)
Amalco shall be authorized to issue an unlimited number of Amalco common shares which shall have the rights, privileges, restrictions
and conditions set out in Appendix I to this Plan of Arrangement;

 

(E)
the number of directors of Amalco shall be such number not less than one and not more than ten as the shareholders of Amalco may
from time to time determine by special resolution;

 

    	-7- 

    	 

    

 

(F)
the initial directors of Amalco shall be:

 

	Name	Residence
    Address	Canadian
                                         Resident 

	 	 	 
	 	 	Yes
	 	 	Yes
	 	 	Yes

 

and
subsequent directors shall be elected at the next annual meeting of Amalco; and

 

(G)       the
by-laws of Amalco shall be the by-laws of the Purchaser.

 

3.
DISSENT RIGHTS

 

Dissent
Rights

 

3.1
Registered Shareholders may exercise dissent rights with respect to the Common Shares held by such holders (“Dissent
Rights”) in connection with the Arrangement pursuant to and in the manner set forth in Section 184 of the BCA, as modified
by the Interim Order, the Final Order and this Section 3.1; provided that, notwithstanding subsection 184(5) of the BCA, the written
objection to the Arrangement Resolution referred to in subsection 184(5) of the BCA must be received by the Company not later
than 5:00 p.m. (Regina time) two Business Days immediately preceding the date of the Meeting (as it may be adjourned or postponed
from time to time). Dissenting Holders who duly exercise their Dissent Rights will be deemed to have transferred the Common Shares
held by them and in respect of which Dissent Rights have been validly exercised to the Purchaser (free and clear of all Liens),
as provided in Section 2.3(a) and if they:

 

(a)
ultimately are entitled to be paid fair value for such Common Shares: (i) will be deemed not to have participated in the transactions
in Article 2 (other than Section 2.3(a)); (ii) will be entitled to be paid the fair value of such Common Shares which fair value
notwithstanding anything to the contrary contained in Part I, Division XIV of the BCA, will be determined as of the close of business
on the day before the Arrangement Resolution was adopted; and (iii) will not be entitled to any other payment or consideration,
including any payment that would be payable under the Arrangement had such holders not exercised their Dissent Rights in respect
of such Common Shares; or

 

(b)
ultimately are not entitled, for any reason, to be paid fair value for such Common Shares will be deemed to have participated
in the Arrangement on the same basis as a non-dissenting holder of Common Shares.

 

Recognition
of Dissenting Holders

 

	3.2
    	(a)
    In no circumstances will the Purchaser, the Company or any other Person be required to recognize a Person exercising Dissent
    Rights unless such Person is the registered holder of those Common Shares in respect of which such rights are sought to be
    exercised.

 

(b)
For greater certainty, in no case will the Purchaser, the Company or any other Person be required to recognize Dissenting Holders
as holders of Common Shares in respect of which Dissent Rights have been validly exercised after the completion of the transfer
under Section 2.3(a), and the names of such Dissenting Holders will be removed from the registers of holders of Common Shares
in respect of which Dissent Rights have been validly exercised at the same time as the event described in Section 2.3(a) occurs.
In addition to any other restrictions under Section 184 of the BCA, none of the following will be entitled to exercise Dissent
Rights: (i) holders of Options; and (ii) holders of Common Shares who vote or have instructed a proxyholder to vote such Common
Shares in favour of the Arrangement Resolution (but only in respect of such Common Shares).

 

    	-8- 

    	 

    

 

4.
CERTIFICATES AND PAYMENTS

 

Payment
of Consideration

 

	4.1
    	(a)
    Prior to the filing of the Articles of Arrangement the Purchaser will deposit or arrange to be deposited, for the benefit
    of Shareholders, cash with the Depositary in the aggregate amount equal to the payments in respect thereof required by this
    Plan of Arrangement, with the amount per Common Share in respect of which Dissent Rights have been exercised being deemed
    to be the Consideration per Common Share for this purpose, net of applicable withholdings for the benefit of the holders of
    Common Shares. The cash deposited with the Depositary by or on behalf of the Purchaser will be held in an interest-bearing
    account, and any interest earned on such funds will be for the account of the Purchaser.

 

(b)
Upon surrender to the Depositary for cancellation of a certificate which immediately prior to the Effective Time represented outstanding
Common Shares that were transferred pursuant to Section 2.3(b), together with a duly completed and executed Letter of Transmittal
and such additional documents and instruments as the Depositary may reasonably require, the holder of Common Shares represented
by such surrendered certificate will be entitled to receive in exchange therefor, and the Depositary will deliver to such holder,
the cash which such holder has the right to receive under the Arrangement for such Common Shares less any amounts withheld pursuant
to Section 4.3, and any certificate so surrendered will forthwith be cancelled.

 

(c)
Not less than one Business Bay prior to the Effective Time, in accordance with the Arrangement Agreement, the Purchaser shall
(and Bridgeway shall ensure that the Purchaser shall) deposit, or shall cause to be deposited the Advance Amount with the Depositary
for the exclusive purpose of making the cash payments to former holders of Options in accordance with this Section 4.1(c). The
cash shall be held in a separate interest-bearing account and any interest earned on such funds prior to one minute after the
Effective Time shall be for the account of the Purchaser and thereafter for the account of the Company. On or as soon as practicable
after the Effective Date, the Depositary shall deliver, on behalf of the Company, to each person who immediately before the Effective
Time was a holder of In-the-Money Options, as reflected on the register or accounts maintained by or on behalf of the Company
in respect of Options as provided to the Depositary and who is entitled to a payment hereunder pursuant to Section 2.3(b), a cheque
(or other form of immediately available funds) representing the cash payment, if any, which such Optionholder is entitled to receive
pursuant to Section 2.3(b), as the case may be, less any amounts required to be withheld pursuant to Section 4.3.

 

    	-9- 

    	 

    

 

(d)
Until surrendered as contemplated by this Section 4.1, each certificate that immediately prior to the Effective Time represented
Common Shares will be deemed after the Effective Time to represent only the right to receive upon such surrender a cash payment
in lieu of such certificate as contemplated in this Section 4.1, less any amounts withheld pursuant to Section 4.3. Any such certificate
formerly representing Common Shares not duly surrendered on or before the sixth anniversary of the Effective Date will cease to
represent a claim by or interest of any former holder of Common Shares of any kind or nature against or in the Company or the
Purchaser. On such date, all cash to which such former holder was entitled will be deemed to have been surrendered to the Purchaser
or the Company, as applicable, and will be paid over by the Depositary to the Purchaser or as directed by the Purchaser.

 

(e)
The Company and the Purchaser will cause the Depositary, as soon as a former holder of Common Shares becomes entitled to a net
cash payment in accordance with Sections 4.1(b), as applicable, to:

 

(i)
forward or cause to be forwarded by first class mail (postage paid) to such former holder of Common Shares at the address specified
by such former holder;

 

(ii)
if requested by such former holder of Common Shares, make available at the offices of the Depositary for pick-up by such former
holder; or

 

(iii)
if such former holder of Common Shares neither specifies an address as described in Section 4.1(e)(i) nor provides a request
as described in Section 4.1(e)(ii), forward or cause to be forwarded by first class mail (postage paid) to such former holder
at the address of such former holder as shown on the applicable securities register maintained by or on behalf of the Company
immediately prior to the Effective Time;

 

a
cheque representing the net cash payment, if any, payable to such former holder in accordance with the provisions hereof.

 

(f)
Any payment made by way of cheque by the Depositary (or the Company, if applicable) pursuant to this Plan of Arrangement that
has not been deposited or has been returned to the Depositary (or the Company) or that otherwise remains unclaimed, in each case,
on or before the sixth anniversary of the Effective Time, and any right or claim to payment hereunder that remains outstanding
on the sixth anniversary of the Effective Time will cease to represent a right or claim of any kind or nature and the right of
the holder to receive the applicable consideration for the Common Shares or the Options pursuant to this Plan of Arrangement will
terminate and be deemed to be surrendered and forfeited to the Purchaser or the Company, as applicable, for no consideration.

 

(g)
No holder of Common Shares, Options or DSUs will be entitled to receive any consideration with respect to such Common Shares,
Options or DSUs other than the cash payment(s), to which such holder is entitled to receive in accordance with Section 2.3 and
this Section 4.1 and, for greater certainty, no such holder will be entitled to receive any interest, dividends, premium or other
payment in connection therewith.

 

    	-10- 

    	 

    

 

Lost
Certificates

 

4.2
In the event any certificate which immediately prior to the Effective Time represented one or more outstanding Common Shares that
were transferred pursuant to Section 2.3 will have been lost, stolen or destroyed, upon the making of an affidavit of that fact
by the Person claiming such certificate to be lost, stolen or destroyed, the Depositary will pay to such holder, in exchange for
such lost, stolen or destroyed certificate, the cash which such holder has the right to receive under the Arrangement for such
Common Shares, deliverable in accordance with such holder’s Letter of Transmittal. When authorizing such payment in exchange
for any lost, stolen or destroyed certificate, the Person to whom such cash is to be delivered will, as a condition precedent
to the delivery of such cash, give a bond satisfactory to the Company, the Purchaser and the Depositary (acting reasonably) in
such sum as the Purchaser may direct, or otherwise indemnify the Purchaser and the Company in a manner satisfactory to the Purchaser
and the Company, acting reasonably, against any claim that may be made against the Purchaser or the Company with respect to the
certificate alleged to have been lost, stolen or destroyed.

 

Withholding
Rights

 

4.3
The Purchaser, the Company and the Depositary, as applicable, will be entitled to deduct and withhold from any consideration otherwise
payable or otherwise deliverable to any Affected Securityholders under the Plan of Arrangement such amounts as the Purchaser,
the Company or the Depositary, as applicable, are required or reasonably believe after considering the advice of counsel to be
required to deduct and withhold from such consideration under any provision of any Laws in respect of Taxes. Any such amounts
will be deducted, withheld and remitted from the consideration payable pursuant to the Plan of Arrangement, provided that such
deducted and withheld amounts are actually remitted to the appropriate Governmental Entity in accordance with applicable Law,
be treated for all purposes under this Agreement as having been paid to the Affected Securityholders in respect of which such
deduction, withholding and remittance was made.

 

No
Liens

 

4.4
Any exchange or transfer of securities pursuant to this Plan of Arrangement will be free and clear of any Liens or other claims
of third parties of any kind.

 

Paramountcy

 

4.5
From and after the Effective Time: (a) this Plan of Arrangement will take precedence and priority over any and all Common Shares
and Options issued or outstanding prior to the Effective Time, (b) the rights and obligations of each of the holders of Common
Shares and Options, the Company, the Purchaser, the Depositary and any transfer agent or other depositary therefor in relation
thereto, will be solely as provided for in this Plan of Arrangement, and (c) all actions, causes of action, claims or proceedings
(actual or contingent and whether or not previously asserted) based on or in any way relating to any Common Shares or Options
will be deemed to have been settled, compromised, released and determined without liability except as set forth in this Plan of
Arrangement.

 

    	-11- 

    	 

    

 

5.
AMENDMENTS

 

Amendments
to Plan of Arrangement

 

	5.1
    	(a)
    The Company and the Purchaser may amend, modify and/or supplement this Plan of Arrangement in accordance with Arrangement
    Agreement at any time and from time to time prior to the Effective Time, provided that each such amendment, modification and/or
    supplement must (i) be set out in writing, (ii) be approved by the Company and the Purchaser, each acting reasonably (iii)
    filed with the Court and, if made following the Meeting, approved by the Court, and (iv) communicated to the Shareholders
    and each holder of Options if and as required by the Court.

 

(b)
Any amendment, modification or supplement to this Plan of Arrangement made in accordance with the Arrangement Agreement may be
proposed by the Company at any time prior to the Meeting (provided that the Purchaser will have consented thereto) with or without
any other prior notice or communication, and if so proposed and accepted by the Persons voting at the Meeting (other than as may
be required under the Interim Order), will become part of this Plan of Arrangement for all purposes.

 

(c)
Any amendment, modification or supplement to this Plan of Arrangement that is approved or directed by the Court following the
Meeting will be effective only if (i) it is consented to in writing by each of the Company and the Purchaser (in each case, acting
reasonably), and (ii) if required by the Court, it is consented to by some or all of the Affected Securityholders voting in the
manner directed by the Court.

 

(d)
Any amendment, modification or supplement to this Plan of Arrangement may be made following the Effective Date unilaterally by
the Purchaser, provided that it concerns a matter which, in the reasonable opinion of the Purchaser, is of an administrative nature
required to better give effect to the implementation of this Plan of Arrangement.

 

6.
FURTHER ASSURANCES

 

Further
Assurances

 

6.1
Notwithstanding that the transactions and events set out in this Plan of Arrangement will occur and will be deemed to occur in
the order set out in this Plan of Arrangement without any further act or formality, each of the parties to the Arrangement Agreement
will make, do and execute, or cause to be made, done and executed, all such further acts, deeds, agreements, transfers, assurances,
instruments or documents as may reasonably be required by either of them in order to further document or evidence any of the transactions
or events set out in this Plan of Arrangement.

 

    	-12- 

    	 

    

 

APPENDIX
I

 

The
rights, privileges, restrictions and conditions attaching to the Common Shares of Amalco are as follows:

 

(1)
Each holder of Common Shares shall be entitled to receive notice of and to attend all meetings of shareholders of the Company,
except meetings at which only holders of other classes or series of shares are entitled to attend, and at all such meetings shall
be entitled to one vote in respect of each Common Share held by such holder.

 

(2)
The holders of Common Shares shall be entitled to receive dividends if and when declared by the directors.

 

(3)
In the event of any liquidation, dissolution or winding-up of the Company or other distribution of the assets of the Company among
its shareholders for the purpose of winding-up its affairs, the holders of Common Shares shall be entitled, subject to the rights
of holders of shares of any class ranking prior to the Common Shares, to receive the remaining property or assets of the Company.

 

    	 

    	 

    

 

SCHEDULE
B

 

ARRANGEMENT
RESOLUTION

 

BE
IT RESOLVED THAT:

 

	1.	The
    arrangement (the “Arrangement”) under Section 186.1 of The Business Corporations Act (the “BCA”)
    involving Input Capital Corp. (the “Company”), pursuant to the arrangement agreement (the “Arrangement
    Agreement”) among the Company, Bridgeway National Corp. and 102109637 Saskatchewan Corp., dated August 12, 2020,
    all as more particularly described and set forth in the management information circular of the Company dated ● (the
    “Circular”), accompanying the notice of this meeting (as the Arrangement may be amended, restated, supplemented
    or novated from time to time in accordance with its terms) is hereby authorized, approved and adopted.
	 	 
	2.	The
    plan of arrangement, as it has been or may be amended, restated, supplemented or novated in accordance with the Arrangement
    Agreement and its terms, involving the Company (the “Plan of Arrangement”), the full text of which is set
    out in Schedule A to the Arrangement Agreement, is hereby authorized, approved and adopted.
	 	 
	3.	The
    Arrangement Agreement, the actions of the directors of the Company in approving the Arrangement and the actions of the officers
    of the Company in executing and delivering the Arrangement Agreement and any modifications or amendments thereto are hereby
    ratified and approved.
	 	 
	4.	Notwithstanding
    that this resolution has been passed (and the Arrangement adopted) by the Affected Securityholders (as defined in the Arrangement
    Agreement) or that the Arrangement has been approved by the Court of the Queen’s Bench (the “Court”),
    the directors of the Company are hereby authorized and empowered, at their discretion, without further notice to or approval
    of the Affected Securityholders: (i) to amend or modify the Arrangement Agreement or the Plan of Arrangement to the extent
    permitted by the Arrangement Agreement; and (ii) subject to the terms of the Arrangement Agreement, not to proceed with the
    Arrangement.
	 	 
	5.	Any
    officer or director of the Company is hereby authorized and directed for and on behalf of the Company to make an application
    to the Court for an order approving the Arrangement and to execute, under the corporate seal of the Company or otherwise,
    and to deliver or cause to be delivered, for filing with the Director under the BCA, articles of arrangement and such other
    documents as are necessary or desirable to give effect to the Arrangement and the Plan of Arrangement in accordance with the
    Arrangement Agreement, such determination to be conclusively evidenced by the execution and delivery of such articles of arrangement
    and any such other documents.
	 	 
	6.	Any
    officer or director of the Company is hereby authorized and directed for and on behalf of the Company to execute or cause
    to be executed and to deliver or cause to be delivered, all such other documents and instruments and to perform or cause to
    be performed all such other acts and things as, in such person’s opinion, may be necessary or desirable to give full
    force and effect to the foregoing resolutions and the matters authorized thereby, such determination to be conclusively evidenced
    by the execution and delivery of such other document or instrument or the doing of any other such act or thing.

 

    	 

    	 

    

 

SCHEDULE
C

 

REPRESENTATIONS
AND WARRANTIES OF THE COMPANY

 

	(a)
    	Corporate
    Existence and Power. The Company is a corporation duly incorporated, amalgamated, continued and validly existing under
    the applicable Laws of its jurisdiction of incorporation, continuance or creation and has all corporate power and authority
    to own and operate its assets and properties as now owned and to carry on its business as now conducted. The Company is duly
    registered or otherwise authorized to do business and is in good standing in each jurisdiction in which the character of its
    properties, whether owned, leased, licensed or otherwise held, or the nature of its activities makes such registration necessary,
    and has all governmental licenses, authorizations, permits, consents and approvals required to own, lease and operate its
    properties and assets and to carry on its business as now conducted, except for those licenses, authorizations, permits, consents
    and approvals the absence of which do not have and would not reasonably be expected to have, individually or in the aggregate,
    a Material Adverse Effect.
	 	 
	(b)
    	Corporate
    Records. The corporate minute books of the Company made available to the Purchaser and its counsel in the electronic dataroom
    (the “Dataroom”) on or prior to August 12, 2020 in connection with their due diligence investigations of
    the Company are complete minute books, reflecting all proceedings of the directors, the committees of directors and the securityholders
    thereof. All corporate proceedings and actions reflected in the corporate minute books have been taken in compliance in all
    material respects with applicable Laws and the articles of incorporation, amalgamation, continuation or formation, by-laws
    and other charter documents of the Company.
	 	 
	(c)	 Corporate
    Authorization. The Company has all requisite power and authority, and has taken all corporate action necessary, for the
    execution, delivery and performance by the Company of this Agreement and the consummation by the Company of the transactions
    contemplated by this Agreement. This Agreement has been duly authorized, executed and delivered by the Company and no other
    corporate proceedings on the part of the Company are necessary to authorize this Agreement or the transactions contemplated
    hereby other than in connection with the approval by the Board of Directors of the Company Circular and the approval by the
    Affected Securityholders in the manner required by the Interim Order and applicable Laws and approval by the Court. This Agreement
    constitutes a valid and binding agreement of the Company, enforceable against the Company in accordance with its terms, subject
    to the qualification that such enforceability may be limited by bankruptcy, insolvency, reorganization or other Laws of general
    application relating to or affecting rights of creditors and that equitable remedies, including specific performance, are
    discretionary and may not be ordered.

 

    	 

    	 

    

 

	(d)	 Governmental
    Authorization. The execution, delivery and performance by the Company of this Agreement and the consummation by the Company
    of the transactions contemplated by this Agreement and by the Plan of Arrangement do not require any consent, approval or
    authorization of or any action by or in respect of, or filing, recording, registering or publication with, or notification
    to any Governmental Entity other than: (i) the Interim Order and any approvals required by the Interim Order; (ii) the Final
    Order; (iii) filings with the Director under the BCA; and (iv) compliance with any applicable Securities Laws, stock exchange
    rules and policies.

 

	(e)	Non-Contravention.
    The execution, delivery and performance by the Company of its obligations under this Agreement and the consummation of
    the transactions contemplated by this Agreement and by the Plan of Arrangement do not and shall not: (i) contravene, conflict
    with, or result in any violation or breach of any provision of the articles or by-laws of the Company; (ii) assuming compliance
    with the matters, or obtaining the approvals, referred to in paragraph (d) above, contravene, conflict with or result in a
    violation or breach of any provision of any applicable Law or any license, approval, consent or authorization issued by a
    Governmental Entity held by the Company; (iii) except as disclosed Section (e) of the Disclosure Letter, require any notice
    or consent or other action by any person under, contravene, conflict with, violate, breach or constitute a default or an event
    that, with or without notice or lapse of time or both, would constitute a default, under, or cause or permit the termination,
    cancellation, acceleration or other change of any right or obligation or the loss of any benefit to which the Company is entitled
    under, create any liability of obligation of the Company, or give rise to any rights of first refusal or trigger any change
    in control provisions or any restriction under, any provision of any Contract or other instrument binding upon the Company
    or affecting any of its assets; or (iv) result in the creation or imposition of any Lien on the Company’s asset, with
    such exceptions, in the case of each of clauses (ii) through (iv), as do not have and would not reasonably be expected to
    have, individually or in the aggregate, a Material Adverse Effect. 

 

    	-2- 

    	 

    

 

	(f)	Capitalization.
	 	 	 
	 	(i)	The
    authorized share capital of the Company consists of an unlimited number of Common Shares. As of August 12, 2020, there were
    53,528,467 Common Shares issued and outstanding. As of August 12, 2020, an aggregate of 3,419,100 Common Shares were issuable
    upon the exercise of all outstanding Options (whether vested or not vested) and an aggregate of 1,082,592 DSUs were granted
    (whether vested or not vested) under the DSU Plan. Except for the Options and the DSUs set out in Section (f)(i) of the Disclosure
    Letter, there are no options, warrants, conversion privileges, equity-based awards, or other rights, agreements or commitments
    of any character whatsoever requiring or which may require the issuance, sale or transfer by the Company of any Common Shares
    or other securities of the Company or any securities convertible into, or exchangeable or exercisable for, or otherwise evidencing
    a right to acquire, or whose value is based on or in reference to the value or price of (such as phantom equity securities
    or share appreciation rights), any shares or other securities of the Company (including Common Shares). There are no outstanding
    notes, bonds, debentures or other evidences of indebtedness of the Company having the right to vote (or that are convertible
    for or exercisable into securities having the right to vote) with the holders of the Common Shares on any matter. All outstanding
    Common Shares have been duly authorized and validly issued, are fully paid and non-assessable (and no such Common Shares have
    been issued in violation of any pre-emptive or similar rights), and all Common Shares issuable upon the exercise of rights
    under the Options in accordance with their respective terms have been duly authorized and, upon issuance, shall be validly
    issued as fully paid and non-assessable. All outstanding Common Shares have been issued in compliance with all applicable
    Laws.

 

	 	(ii)	Section
    (f)(i) of the Disclosure Letter sets forth, with respect to each Option outstanding as of August 12, 2020: (A) the number
    of Common Shares issuable therefor; (B) the purchase price payable therefor upon the exercise of each such Option; (C) the
    date on which such Option was granted; (D) the name of the registered holder and whether such Option or is held by a person
    who is not a Company Employee;; and (E) the date on which such Option expires. All grants of Options were validly issued and
    properly approved by the Board of Directors (or a duly authorized committee or subcommittee thereof) in compliance with all
    applicable Laws, the Stock Option Plan and recorded on the Company’s financial statements in accordance with IFRS, and
    no such grants involved any “back dating,” “forward dating,” “spring loading” or similar
    practices with respect to such grants.
	 	 	 
	 	(iii)	Section
    (f)(i) of the Disclosure Letter sets forth, with respect to each DSU outstanding as of August 12, 2020: (A) the total number
    of DSUs; and (B) the aggregate compensation payable to each holder of DSUs in connection with the completion of the Arrangement.
    .
	 	 	 
	 	 	(iv)
    All dividends or distributions on securities of the Company that have been declared or authorized have been paid in full.
	 	 	 
	 	(v)	No
    Shareholder is entitled to any pre-emptive or other similar right granted by the Company. There are no outstanding contractual
    or other obligations of the Company to repurchase, redeem or otherwise acquire any outstanding Common Shares or, to the knowledge
    of the Company, with respect to the voting or disposition of any outstanding securities of the Company. 
	 	 	 
	 	(g)	Shareholders’
    and Similar Agreements. The Company is not a party to, nor to its knowledge is any other party a party to, any shareholders’
    agreement, pooling agreement, voting trust or other similar agreement with respect to the ownership or voting of any of the
    securities of the Company or pursuant to which any person may have any right or claim in connection with any existing or past
    equity interest in the Company. The Company does not maintain any shareholder rights plan and does not intend to adopt any
    shareholder rights plan.

 

    	-3- 

    	 

    

 

	 	(h)	Subsidiaries.
    The Company has no subsidiaries and the Company does not own, beneficially or of record, any equity interest of any kind
    in any other Person.

 

	(i)	Securities
    Laws Matters.
	 	 	 
		(i) 	The
    Company is a “reporting issuer” under the securities Laws of each of the provinces of British Columbia, Alberta,
    Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island and Newfoundland, is not included
    on any list of reporting issuers in default maintained by the Securities Authorities, and is not in default of any requirements
    of any Securities Laws. The Company has not taken any action to cease to be a reporting issuer in any such province nor has
    the Company received notification from any applicable Securities Authority seeking to revoke the reporting issuer status of
    the Company. No delisting, suspension of trading in or cease trading order with respect to any securities of the Company is
    in effect and to the knowledge of the Company, no inquiry or investigation (formal or informal) by any Securities Authority,
    is pending, in effect or ongoing or threatened or expected to be implemented or undertaken. 

 

	 	(ii)	The
    documents comprising the Company Filings comply as filed or furnished, or shall comply when filed or furnished, in all material
    respects with the requirements of applicable Securities Laws, did not at the time filed with or furnished to, and shall not
    at any time filed with or furnished to, the Securities Authorities, contain any untrue statement of a material fact or omit
    to state a material fact required to be stated therein or necessary to make the statements therein not misleading in light
    of the circumstances under which they were made. The Company is in compliance in all material respects with its timely and
    continuous disclosure obligations under Securities Laws and has been in compliance with such obligations since January 1,
    2018. The Company has not filed any confidential material change report with the Securities Authorities which at the date
    hereof remains confidential. As of the date hereof, there are no outstanding or unresolved comments in comment letters from
    the Securities Authorities with respect to any of the Company Filings. To the Company’s knowledge, as of the date hereof,
    none of the Company Filings is the subject of an ongoing review by the Securities Authorities, outstanding comment by the
    Securities Authorities or outstanding investigation by the Securities Authorities.

 

	 (j)	Disclosure
    Controls and Procedures. The Company has devised and maintained a system of disclosure controls and procedures designed
    to ensure that information required to be disclosed by the Company under applicable Securities Laws is recorded, processed,
    summarized and reported within the time periods specified in the applicable Securities Laws. Such disclosure controls and
    procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed
    by the Company in the Company Filings is accumulated and communicated to the management of the Company, including its principal
    executive and principal financial officers, or persons performing similar functions, as appropriate to allow timely decisions
    regarding required disclosure.

 

    	-4- 

    	 

    

 

	(k)	Internal
    Control Over Financial Reporting. The Company maintains a system of internal control over financial reporting. Such internal
    control over financial reporting is effective in providing reasonable assurance regarding the reliability of financial reporting
    and the preparation of financial statements for external purposes in accordance with IFRS and includes policies and procedures
    that: (i) pertain to the maintenance of records that in reasonable detail accurately and fairly reflect the transactions and
    dispositions of the assets of the Company; (ii) are designed to provide reasonable assurance that transactions are recorded
    as necessary to permit preparation of financial statements in accordance with IFRS, and that receipts and expenditures of
    the Company and are being made only in accordance with authorizations of management and directors of the Company; and (iii)
    are designed to provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or
    disposition of the assets of the Company that could have a material effect on its financial statements. To the knowledge of
    the Company: (A) there are no material deficiencies in the design or operation of, or material weaknesses in, the internal
    controls over financial reporting of the Company that are reasonably likely to adversely affect the ability of the Purchaser
    to record, process, summarize and report financial information; and (B) there is no fraud, whether or not material, that involves
    management or other employees who have a role in the internal control over financial reporting of the Company. Since January
    1, 2011, the Company has received no (x) complaints from any source regarding accounting, internal accounting controls or
    auditing matters or (y) expressions of concern from employees of the Company regarding questionable accounting or auditing
    matters. 

 

	(l)	Auditor
    Termination. Except as disclosed in the Company Filings, the Company has not terminated the engagement of its auditor
    or other accounting advisors and has not refused to accept the recommendations of its auditor or other accounting advisors.

 

	(m)	Financial
    Statements. 

 

	 	(i)	The
    audited consolidated financial statements and the unaudited interim financial statements of the Company (including, in each
    case, any notes and schedules thereto and the auditors’ report thereon) included in the Company Filings: (1) complied
    as to form in all material respects with applicable accounting requirements in Canada and with the published rules and regulations
    of applicable Governmental Entities and the Securities Authorities with respect thereto as of their respective dates; and
    (2) were prepared in accordance with IFRS, applied on a consistent basis as in effect on the date of such financial statements,
    and fairly present in all material respects, the consolidated financial position of the Company as of the dates thereof and
    their consolidated statements of earnings, shareholders’ equity and cash flows for the periods then ended (subject to
    normal year-end adjustments and the absence of notes in the case of any unaudited interim financial statements).

 

    	-5- 

    	 

    

 

	 	(ii)
    	The
    Company does not intend to correct or restate, nor, to the knowledge of the Company is there any basis for any correction
    or restatement of, any aspect of any of the financial statements referred to in this paragraph (m).
	 	 	 
	 	(iii)
    	Except
    as disclosed in the Company Filings, there are no material off-balance sheet transactions, arrangements, obligations (including
    contingent obligations) or other relationships of the Company with unconsolidated entities or other persons that would have
    a Material Adverse Effect or that the Company was required to disclose that is not disclosed.
	 	 	 
	 	(iv)
    	The
    Company’s auditors are independent public accountants as required under Securities Laws and there has not been any disagreement
    or reportable event (within the meaning of NI 51-102) since January 1, 2018 with the auditors of the Company.
	 	 	 
	 	(v)
    	The
    financial books, records and accounts of the Company in all material respects: (i) have been maintained in accordance with
    IFRS on a basis consistent with prior periods; (ii) are stated in reasonable detail and accurately and fairly reflect the
    material transactions, acquisitions and dispositions of the assets of the Company; and (iii) accurately and fairly reflect
    the basis for the Company’s financial statements.

 

	 	(n)	Financial
    Information. All forecasts, budgets and projections made available to the Purchaser Group in the Dataroom on or prior to
    August 12, 2020 in connection with the transactions contemplated by this Agreement were prepared in good faith, disclosed all
    relevant material assumptions and the most recent versions of all such forecasts, budgets and projections provided by the Company
    are, in the opinion of the Company, reasonable estimates of the prospects of the business.

 

	 	(o)	Absence
    of Certain Changes. Since September 30, 2019, other than in respect of the transactions contemplated in this Agreement
    or disclosed in the Company Filings: (i) the business of the Company and its subsidiaries has been conducted only in the ordinary
    course of business consistent with past practices; and (ii) there has not been a Material Adverse Effect.

 

	 	(p)	No
    Undisclosed Liabilities. Other than as set forth in Section (p) of the Disclosure Letter, there are no liabilities or
    obligations of the Company of any kind whatsoever, whether accrued, contingent, absolute, determined, determinable or otherwise,
    other than: (i) liabilities or obligations disclosed in the Company Filings; (ii) liabilities or obligations incurred in the
    ordinary course of business consistent with past practice since September 30, 2019; and (iii) liabilities or obligations incurred
    in connection with the transactions contemplated hereby.

 

	 	(q)	Compliance
    with Laws. The Company has complied in all material respects with, and are in compliance in all material respects with,
    all Laws applicable to the operation of its operations or activities. To the knowledge of the Company, the Company is not
    under investigation with respect to or has been threatened to be charged with or been given notice of any violation of any
    applicable Law or any investigations related to or violations of applicable Law.

 

    	-6- 

    	 

    

 

	(r)	Regulatory
    Compliance.
	 	 	 
	 	(i)	The
    Company has obtained and is in compliance with all material licences, permits, approvals, certificates, consents, orders,
    grants, procedures and standards and other authorizations of or from any Governmental Entity that is applicable to it or is
    necessary to conduct its business as it is now being conducted (collectively, “Permits”). All of the Permits
    are in full force and effect. There has not occurred within the last two years any violation of, or any default under, or
    any event giving rise to or potentially giving rise to any right of termination, revocation, adverse modification, non-renewal
    or cancellation of any Permit and, to the knowledge of the Company, no application or proceeding is pending or threatened
    with respect to any of the foregoing and no Governmental Entity has provided the Company with notice of any of the foregoing,
    except for any such violation, default or event as would not have and would not reasonably be expected to have, individually
    or in the aggregate, a Material Adverse Effect.

 

	 	(ii)	The
    Company has not been convicted of any crime or engaged in any conduct which could result in material debarment or disqualification
    by any Governmental Entity and, to the knowledge of the Company, there are no Proceedings pending or threatened that would
    reasonably be expected to result in criminal liability or material debarment or disqualification by any Governmental Entity.

 

	(s)	Litigation.
    Except as disclosed in Section (s) of the Disclosure Letter, there is no Proceeding pending against or to the knowledge of
    the Company threatened against or affecting the Company, or the Company Assets. Except as disclosed in Section (s) of the
    Disclosure Letter, none of the Proceedings set forth therein, if adversely determined, would, individually or in the aggregate:
    (i) have or reasonably be expected to have a Material Adverse Effect; (ii) prevent, hinder or delay the consummation of the
    Arrangement; (iii) materially effect the Purchaser’s ability to own or operate the business of the Company if the Arrangement
    is consummated; or (iv) result in the revocation, cancellation or suspension of any of the Company’s Permits. Neither
    the Company nor the Company Assets is subject to any outstanding judgment, order, writ, injunction or decree which would have
    a Material Adverse Effect or to prevent, hinder or delay the consummation of the Arrangement.

 

	(t)	Taxes.
	 	 	 
	 	(i)	All
    Returns required by applicable Laws to be filed with or provided to any Taxing Authority by, or on behalf of, the Company
    have been filed when due in accordance with all applicable Laws, and all such Returns were true and complete in all material
    respects. The Company has timely paid, collected, withheld or remitted all Taxes due and payable by the Company including
    all instalments on account of Taxes for the current year that are due and payable by the Company whether or not assessed (or
    reassessed) by the appropriate Taxing Authority. The Company has established in accordance with IFRS an adequate accrual for
    all Taxes which are not yet due and payable through the end of the last period for which the Company ordinarily record items
    on its books. No deficiencies for any Taxes have been assessed or asserted against the Company. There are no liens for Taxes
    upon any of the Company Assets.

 

    	-7- 

    	 

    

 

	 	(ii)	The
    Company has duly and timely deducted, collected or withheld from any amount paid or credited by it to or for the account or
    benefit of any person and has duly and timely remitted the same (or is properly holding for such remittance) to the appropriate
    Taxing Authority all Taxes and amounts it is required by applicable Law to so deduct or collect and remit.
	 	 	 
	 	(iii)	There
    is no dispute or claim, including any audit, investigation or examination by any Taxing Authority, actual, pending or, to
    the knowledge of the Company, threatened against the Company with respect to Taxes.
	 	 	 
	 	(iv)	The
    Company has not consented to extend the time, or is the beneficiary of any extension of time, in which any Return is to be
    filed or Tax is to be paid or remitted or in which any Tax may be assessed or collected by any Taxing Authority.
	 	 	 
	 	(v)	No
    claim has ever been made by any Taxing Authority in a jurisdiction where the Company does not file Returns that the Company
    is or may be subject to Taxes or is required to file Returns in that jurisdiction.
	 	 	 
	 	(vi)	The
    Company has not acquired property or services from, or disposed of property or provided services to, any person with whom
    it does not deal at arm’s length for an amount that is other than the fair market value of such property or services.
	 	 	 
	 	(vii)	For
    all transactions between the Company and any person who is not resident in Canada for purposes of the Tax Act with whom the
    Company was not dealing at arm’s length for purposes of the Tax Act, the Company has made or obtained records or documents
    that meet the requirements of paragraphs 247(4)(a) to (c) of the Tax Act. 
	 	 	 
	 	(viii)	To
    the knowledge of the Company, no circumstances exist or could reasonably be expected to arise as a result of matters existing
    before the Effective Date that may result in the Company being subject to the application of section 159 or 160 of the Tax
    Act or comparable provisions of any other legislation or otherwise cause the Company to be liable for Taxes of any other person.
	 	 	 
	 	(ix)	None
    of sections 80 to 80.04 of the Tax Act has applied to any of the Company, and, to the knowledge of the Company, there are
    no circumstances existing which could reasonably be expected to result in the application of sections 78 to 80.04 of the Tax
    Act to the Company.

 

    	-8- 

    	 

    

 

	 	(x)	The
    Company has not entered into any closing agreement or similar written or otherwise binding arrangement with any Taxing Authority
    or other Governmental Entity with regard to the Tax liability of the Company affecting any Tax period for which the applicable
    statute of limitations, after giving effect to any extension or waiver thereof, has not expired.
	 	 	 
	 	(xi)	No
    power of attorney that is currently in force has been granted with respect to any matter relating to Taxes that could affect
    the Company. 
	 	 	 
	 	(xii)	The
    Company is not a party to any Tax allocation or Tax sharing agreement or similar arrangement. 
	 	 	 

 

	(u)	Company
    Plans.
	 	 	 
	 	(i)	Section
    (u)(i) of the Disclosure Letter sets out a true and complete and accurate list of all the Company Plans. A true and complete
    copy of each Company Plan has been made available to the Purchaser Group in the Dataroom on or prior to August 12, 2020.
	 	 	 
	 	(ii)	All
    of the Company Plans are and have been established, administered, registered, funded, invested and qualified, in all material
    respects, in accordance with all applicable Laws and in accordance with their terms, the terms of the material documents that
    support such Company Plans and the terms of agreements between the Company or and the Company Employees and former Company
    Employees who are members of, or beneficiaries under, the Company Plans. 
	 	 	 
	 	(iii)	All
    current obligations of the Company regarding the Company Plans have been satisfied in all material respects. All payments,
    contributions, premiums or taxes required to be made or paid by the Company or its subsidiaries, as applicable, under the
    terms of each Company Plan or by applicable Laws in respect of the Company Plans have been made or paid in a timely fashion
    in accordance with applicable Laws in all material respects and in accordance with the terms of the applicable Company Plan.
    As of the date hereof, no currently outstanding notice of non-compliance, failure to be in good standing or otherwise has
    been received by the Company or any of its subsidiaries from any applicable Governmental Entity in respect of any Company
    Plan.

 

    	-9- 

    	 

    

 

	 	(iv)	Except
    as set forth in Section (u)(iv) of the Disclosure Letter, no Company Plan exists that, as a result of the execution of this
    Agreement, Shareholder approval of the Arrangement or the transactions contemplated by this Agreement, could result in: (A)
    severance pay or any material increase in severance pay upon any termination of employment after the date of this Agreement;
    (B) accelerate the time of payment or vesting or result in any payment or funding (through a grantor trust or otherwise) of
    compensation or benefits under, materially increase the amount payable or result in any other material obligation pursuant
    to, any of the Company Plans; or (C) limit or restrict the right of the Company to merge, amend or terminate any of the Company
    Plans.
	 	 	 
	 	(v)	The
    Company has no formal plan and has made no promise or commitment, whether legally binding or not, to create any additional
    Company Plan to improve or change the benefits provided under any Company Plan.
	 	 	 
	 	(vi)	All
    Employee data necessary to administer each Company Plan is in the possession of the Company, or agents and is in a form which
    is sufficient for the proper administration of the Company Plans in accordance with the terms thereof and all Laws and such
    data is complete and correct.

 

	(v)	Collective
    Agreements.
	 	 	 
	 	(i)	The
    Company is not subject to any collective bargaining agreements or union agreements. To the knowledge of the Company, there
    are no outstanding material labour tribunal proceedings of any kind or other event of any nature whatsoever, including any
    Proceedings which could result in certification of a trade union as bargaining agent for any Company Employees. To the knowledge
    of the Company, there are no apparent union organizing activities involving Company Employees.
	 	 	 
	 	(ii)	No
    trade union, council of trade unions, employee bargaining agency or affiliated bargaining agent holds bargaining rights with
    respect to any Company Employees by way of certification, interim certification, voluntary recognition, designation or successor
    rights or has applied to have the Company declared a related employer or successor employer pursuant to applicable labour
    Law. The Company has not engaged in any unfair labour practices and no strike, lock-out, work stoppage, or other material
    labour dispute is occurring or has occurred during the past two years. To the knowledge of the Company, there are no threatened
    or pending strikes, work stoppages, picketing, lock-outs, hand-billings, boycotts, slowdowns or similar labour related disputes
    pertaining to the Company that would have or would reasonably be expected to have, individually or in the aggregate, a Material
    Adverse Effect. 

 

	(w)	Employees.
	 	 	 
	 	(i)	Section
    (w)(i) of the Disclosure Letter sets out a complete and accurate list of Company Employees with an annual aggregate compensation
    in excess of $100,000, as well as a list of all former Company Employees to whom the Company or any of its subsidiaries has
    obligations in excess of $100,000, indicating the nature and the value of such obligations.
	 	 	 
	 	(ii)	Section
    (w)(ii) of the Disclosure Letter sets out a complete and accurate list of the top 5 compensated Company Employees engaged
    by the Company during the current fiscal year of the Company. No such employee has indicated to the Company that he or she
    intends to resign, retire or terminate his or her engagement with the Company as a result of the transactions contemplated
    by this Agreement or otherwise.

 

    	-10- 

    	 

    

 

	 	(iii)	As
    of the date hereof, the Company is not a party to any Proceeding under any applicable Law relating to Company Employees or
    former Company Employees nor, to the Company’s knowledge, is there any factual or legal basis on which any such Proceeding
    might be commenced.
	 	 	 
	 	(iv)	All
    written contracts in relation to any current Company Employee who is an officer of the Company have been made available to
    the Purchaser Group in the Dataroom on or prior to August 12, 2020. Other than as set out in Section (w)(iv) of the Disclosure
    Letter, no written contract in relation to any Company Employee listed in clause (i) above contains any specific provision
    in relation to any employee’s termination (including change of control provisions) the application of which shall be
    triggered by the transactions contemplated by this Agreement.
	 	 	 
	 	(v)	The
    Company is operating in material compliance with all occupational health and safety Laws in connection with their businesses.
    To the knowledge of the Company, there are no pending or threatened charges against the Company under occupational health
    and safety Laws. The Company has complied in all material respects with any orders, directives, judgments, decrees, injunctions,
    decisions, rulings, awards or writs of any Governmental Entity issued under occupational health and safety Laws.

 

	(x)	Environmental
    Matters. No written notice, claim, order, complaint or penalty has been received by the Company alleging that the Company
    is in violation of, or has any liability or potential liability under, any Environmental Law and, there are no Proceedings
    pending or to the Company’s knowledge threatened against the Company or any of its subsidiaries alleging a violation
    of, or any liability or potential liability under, any Environmental Law and the Company is not aware of any facts or circumstances
    that would give rise to any such notice, claim, order, complaint, penalty, or Proceedings. The operations of the Company are
    and have been in compliance with all required or applicable Environmental Laws. 

 

	(y)	Real
    and Leased Property.

 

	 	(i)	Other than as set out in Section (y)(i) of the Disclosure Letter, the Company does not own any real or immovable property
    as of the date hereof. 
	 	 	 
	 	(ii)	Each lease, sublease, license or occupancy agreement for real or immovable property leased, subleased, licensed or occupied
    by the Company as of the date hereof (the “Leased Real Property”) is valid, legally binding, enforceable
    in accordance with its terms and in full force and effect unamended by oral or written agreement, true and complete copies
    of which (including all related amendments, supplements, notices and ancillary agreements) have been disclosed in writing
    to the Purchaser Group, and the Company is not in breach of or default under such lease, sublease, license or occupancy agreement,
    and no event has occurred which, with notice, lapse of time or both, would constitute a breach or default by the Company or
    permit termination, modification or acceleration by any third party thereunder.
	 	 	 

    	-11- 

    	 

    

 

	 	(iii)	No
    third party has repudiated or has the right to terminate or repudiate any such lease, sublease, license or occupancy agreement
    (except for the normal exercise of remedies in connection with a default thereunder or any termination rights set forth in
    the lease, sublease, license or occupancy agreement) or any provision thereof.
	 	 	 
	 	(iv)	The
    current uses of the Leased Real Property comply with the provisions of applicable leases, subleases, licenses or occupancy
    agreements and applicable Law.
	 	 	 
	 	(v)	None
    of the leases, subleases, licenses or occupancy agreements has been assigned by the Company in favour of any person or sublet
    or sublicensed. To the knowledge of the Company, no counterparty to any foregoing lease, sublease, license or occupancy agreement
    is in material default thereunder. There are no material Liens on the leasehold, subleasehold or occupancy rights of the Company
    to any Leased Real Property.

 

	(z)	Personal
    Property 
	 	 	 
	 	(i)	Other
    than as set out in Section z(i) of the Disclosure Letter, the Company has good title to all material personal property of
    any kind or nature which the Company purports to own, free and clear of all Liens. The Company, as lessee, has the right under
    valid and subsisting leases to use, possess and control all personal property leased by and material to the Company as now
    used, possessed and controlled by the Company.
	 	 	 
	 	 	(ii)
    All machinery, equipment and other tangible assets currently being used by the Company which are owned or leased by the Company
    and material to the business of the Company are in good operating condition, maintenance and repair, ordinary wear and tear
    excepted, are usable in the ordinary course of business and are reasonably adequate and suitable for the uses to which they
    are being put.

 

	(aa)	Intellectual
    Property.
	 	 	 
	 	(i)	 “Intellectual
    Property” means, in any and all jurisdictions throughout the world, all rights, priorities and privileges relating
    to: (i) inventions and discoveries, patents, invention disclosures, industrial designs and mask works, technology; processes,
    and all divisions, continuations and continuations-in-part thereof; (ii) trademarks, service marks, logos, domain names, uniform
    resource locators, trade dress, trade names and other identifiers of source or goodwill, including all the goodwill symbolized
    thereby or associated therewith, and all common-law rights related thereto; (iii) works of authorship (including computer
    programs, models and methodologies, program interfaces, Internet and intranet websites, databases and compilations, including
    data and collections of data), and all copyrights, moral rights, design rights and database rights therein and thereto, whether
    registered or unregistered and whether published or unpublished; (iv) confidential and proprietary information, including
    trade secrets, know-how and invention rights; (v) registrations, applications, renewals, extensions and license rights for
    any of the foregoing in (i) to (iv); and (vi) any and all other proprietary rights.

 

    	-12- 

    	 

    

 

	 	(ii)	Except
    as would not be reasonably expected to have, individually or in the aggregate, a Material Adverse Effect: (i) the Company
    owns or possess, or has a licence to or otherwise have the right to use, all Intellectual Property that is material and necessary
    for the conduct of its business as presently conducted (collectively, the “Intellectual Property Rights”);
    (ii) to the knowledge of the Company, all such Intellectual Property Rights that are owned by the Company are valid and enforceable
    subject only to any limitation under bankruptcy, insolvency or other Law affecting the enforcement of creditors’ rights
    generally and the discretion that a court may exercise in the granting of equitable remedies, such as specific performance
    and injunction, and does not infringe in any material way upon the rights of others; and (iii) to the knowledge of the Company,
    no third party is infringing upon the Intellectual Property Rights owned or licensed by the Company or its Subsidiaries.

 

	(bb)	Privacy.
    Except as would not, individually or in the aggregate, have a Material Adverse Effect:
	 	 	 	 
	 	(i)	 	the
    Company has complied with the Personal Information Protection and Electronic Documents Act (Canada) and any other Law
    governing the collection, use, disclosure and protection of personal (“Privacy Laws”);
	 	 	 	 
	 	(ii)	 	there
    have not been, to the knowledge of the Company, any:

  

	 	(A)	 losses or
    thefts of, or security breaches relating to, personal information in the possession, custody or control of the Company;
	 	 	 
	 	(B) 	unauthorized access
    or unauthorized use of any personal information in the possession, custody or control of the Company; and
	 	 	 
	 	(C) 	improper disclosure
    of any personal information in the possession, custody or control of the Company or any Person acting on its behalf; and

 

	 	(iii)	to the knowledge of the Company, the Company is not under investigation for any violation of applicable Privacy Laws.

  

	(cc)	Indebtedness. No outstanding indebtedness of
the Company to any third party has become repayable before its stated maturity date, nor has any security in respect of such indebtedness
become enforceable, by reason of default by the Company, and no event has occurred or is, to the knowledge of the Company, impending
which, with the lapse of time or the fulfillment of any condition or the giving of notice or the compliance with any other formality
may result in any such indebtedness becoming so repayable before its stated maturity date or any such security becoming enforceable
and, so far as the Company is aware, no person to whom any indebtedness of the Company is owed which is repayable on demand has
demanded or threatened to demand repayment of, or to take any steps to enforce any security for the same, in each case which would
have or which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect.

 

    	-13- 

    	 

    

 

	(dd)	Solvency. The Company is Solvent. As used herein,
the term “Solvent” means, with respect to an entity, on a particular date, that on such date: (i) the realizable
value of the assets of such entity is greater than or equal to the total amount of liabilities (including contingent liabilities)
of such entity; and (ii) the entity is able to pay its liabilities (including contingent obligations) as they become due. No winding
up or liquidation proceedings have been commenced against the Company and no proceedings have been started or, to the knowledge
of the Company, threatened for the purpose of, and no judgment has been rendered, declaring the Company or any of its subsidiaries
bankrupt or in any insolvency proceeding, or for any arrangement or composition for the benefit of creditors, or for the appointment
of a receiver, trustee, administrator or similar officer of any of the Company, or any of its properties, revenues or assets.
	 	 
	(ee)	Absence of Defaults. The Company is not, or with
the giving of notice or lapse of time or both would be, (A) in violation of any provision of any applicable Laws (B) its charter
documents, by-laws, business license, business permit or other constitutional documents, or (C) any judgment, order, writ or decree
of any Governmental Entity; except, in the case of clause (A) and (C) above, for such violations or defaults that would not result
in a Material Adverse Effect.
	 	 
	(ff)	Insurance.

 

	 	(i)	The Company is, and has been continuously since January
1, 2017, insured by reputable and financially responsible third party insurers in respect of the operations and assets of the
Company with policies issued, such policies having terms and providing insurance coverages comparable to those that are customarily
carried and insured against by owners of comparable businesses, properties and assets. The limits contained within such policies
have not been exhausted or significantly diminished and no further premiums or payments will be due following the Effective Time
with respect to periods of time occurring prior to the Effective Time. The third party insurance policies of the Company are in
full force and effect in accordance with their terms and the Company are not in material default under the terms of any such policy.
As of the date hereof, the Company has no knowledge of threatened termination of, or material premium increase with respect to,
any of such policies.
	 	 	 
	 	(ii)	The Company has made available to the Purchaser Group
in the Dataroom on or prior to August 12, 2020 a complete and accurate claims history for the Company during the past two years
including with respect to insurance obtained but not currently maintained, together with a statement of the aggregate amount of
claims paid out, and claims pending. The Company has made available to the Purchaser in the Dataroom on or prior to August 12,
2020 true and complete copies of all such policies, bonds or binders in effect on the date hereof (including copies of all written
amendments, supplements and other modifications thereto or waivers of rights thereunder).

 

    	-14- 

    	 

    

 

	 	(iii)	There is no material claim pending under any insurance
policy that has been denied, rejected, questioned or disputed by any insurer or as to which any insurer has made any reservation
of rights or refused to cover all or any portion of such claims. All material Proceedings covered by any of the insurance policies
have been properly reported to and accepted by the applicable insurer.

 

	(gg)	Related Party Transactions. The Company is not
indebted to any Company Employee or any of its affiliates or associates (except for amounts due as normal salaries and bonuses
and in reimbursement of ordinary expenses). Except as set forth in Section (hh) of the Disclosure Letter, no Company Employee
or any of its affiliates or associates is a party to any material loan, contract, arrangement or understanding or other transactions
with the Company required to be disclosed pursuant to applicable Securities Laws.

 

	(hh)	Board Approval. 

 

	 	(i)	The Board has unanimously: (i) determined that the Consideration
to be received by Affected Securityholders pursuant to the Arrangement and this Agreement is fair to such Affected Securityholders
and that the Arrangement is in the best interests of the Company and the Affected Securityholders; (ii) resolved to unanimously
recommend that the Affected Securityholders vote in favour of the Arrangement Resolution; and (iii) authorized the entering into
of this Agreement and the performance by the Company of its obligations under this Agreement, and no action has been taken to
amend, or supersede such determinations, resolutions, or authorizations.
	 	 	 
	 	(ii)	Each of the directors and officers of the Company has
advised the Company and the Company believes that they intend to vote or cause to be voted all Common Shares beneficially held
by them in favour of the Arrangement Resolution and the Company will make a statement to that effect in the Company Circular.

 

	(ii)	Restrictions on Business Activities. There is
no judgment, injunction, order or decree binding upon the Company that has (including following the transactions contemplated
by this Agreement) or could have the effect of prohibiting, restricting or impairing in any material respect the type of business
which may be conducted by the Company, the geographic area in which all or a material portion of the Company s may be conducted
or any business practices of the Company.
	 	 
	(jj)	Finders’ Fees. Except as disclosed in Section
(kk) of the Disclosure Letter, there is no investment banker, broker, finder or other intermediary that has been retained by or
is authorized to act on behalf of the Company who might be entitled to any fee or commission from the Company in connection with
the transactions contemplated by this Agreement.

 

    	-15- 

    	 

    

 

	(kk)	Part IX, Competition Act. The Company, together
with its affiliates (as such term is defined under the Competition Act), does not have assets in Canada, or gross revenues from
sales in, from or into Canada, that exceed $428 million for the purposes of Part IX of the Competition Act and the Notifiable
Transactions Regulations.
	 	 
	(ll)	United States Securities Laws.

 

(i)
The Company is a “foreign private issuer” (as such term is defined in Rule 3b-4 under the 1934 Act).

 

(ii)
The Company does not have any class of securities registered under the 1934 Act.

 

	(mm)	Money Laundering Laws. The operations of the
Company are and have been conducted at all times in compliance with applicable financial recordkeeping and reporting requirements
of applicable laws, the money laundering statutes of all jurisdictions in which the Company does business, the rules and regulations
thereunder and any related or similar rules, regulations or guidelines, issued, administered or enforced by any Governmental Entity
(collectively, the “Money Laundering Laws”); and no action, suit or proceeding by or before any Governmental
Entity involving the Company with respect to the Money Laundering Laws is pending or, to the knowledge of the Company, threatened.
	 	 
	(nn)	Full Disclosure. No representation or warranty
by the Company no statement contained in this Agreement and no information provided to the Purchaser in relation to its due diligence
investigations and requests, including the information contained in the Disclosure Letter contains any untrue statement of a material
fact, or omits to state a material fact necessary to make the statement contained therein, in light of the circumstances in which
it was made, not misleading.

 

    	-16- 

    	 

    

 

SCHEDULE
D

REPRESENTATIONS AND WARRANTIES OF THE PURCHASER GROUP

 

	(1)	Organization and Qualification. Each of the Purchaser
and Bridgeway is an entity existing and in good standing under the laws of the jurisdiction of its formation and has all requisite
power and authority to own, lease and operate its assets and properties and conduct its business as now owned and conducted.
	 	 
	(2)	Corporate Authorization. Each of the Purchaser
and Bridgeway has the requisite corporate power and authority to enter into and perform its obligations under this Agreement.
The execution, delivery and performance by each of the Purchaser and Bridgeway of its obligations under this Agreement and the
consummation of the Arrangement and the other transactions contemplated hereby have been duly authorized by all necessary corporate
action on the part of each of the Purchaser and Bridgeway, no other corporate proceedings on the part of either the Purchaser
or Bridgeway is necessary to authorize this Agreement or the consummation of the Arrangement and the other transactions contemplated
hereby.
	 	 
	(3)	Execution and Binding Obligation. This Agreement
has been duly executed and delivered by the Purchaser and Bridgeway and constitutes a legal, valid and binding agreement of it
enforceable against each in accordance with its terms subject only to any limitation under bankruptcy, insolvency or other Laws
affecting the enforcement of creditors’ rights generally and the discretion that a court may exercise in the granting of
equitable remedies such as specific performance and injunction.
	 	 
	(4)	Governmental Authorization. The execution, delivery
and performance by each of the Purchaser and Bridgeway of its obligations under this Agreement and the consummation by the Purchaser
and Bridgeway and the transactions contemplated hereby do not require any Authorization or other action by or in respect of, or
filing with, or notification to, any Governmental Entity by the Purchaser other than: (i) the Interim Order and any approvals
required by the Interim Order; (ii) the Final Order; (iii) filings with the Director under the BCA; and (iv) any Authorizations
which, if not obtained, or any other actions by or in respect of, or filings with, or notifications to, any Governmental Entity
which, if not taken or made, would not, individually or in the aggregate, materially impede the ability of the Purchaser and Bridgeway
to consummate the Arrangement and the transactions contemplated hereby.
	 	 
	(5)	Non-Contravention. The execution, delivery and
performance by each of the Purchaser and Bridgeway of its obligations under this Agreement and the consummation of the Arrangement
and the transactions contemplated hereby do not and will not (or would not with the giving of notice, the lapse of time or the
happening of any other event or condition):

 

(a)
contravene, conflict with, or result in any violation or breach of the organizational documents of the Purchaser or Bridgeway,
as applicable; or

 

(b)
assuming compliance with the matters referred to in Paragraph (4) above, contravene, conflict with or result in a violation or
breach of Law except as would not, individually or in the aggregate, materially impede the ability of the Purchaser or Bridgeway,
as applicable, to consummate the Arrangement and the transactions contemplated hereby.

 

    	 

    	 

    

 

	(6)	Litigation. There are no claims, actions, suits,
arbitrations, inquiries, investigations or proceedings pending, or, to the knowledge of the Purchaser Group threatened, against
or relating to the Purchaser Group before any Governmental Entity nor is the Purchaser subject to any outstanding judgment, order,
writ, injunction or decree that, either individually or in the aggregate, is reasonably likely to prevent or materially delay
consummation of the Arrangement or the transactions contemplated hereby.
	 	 
	(7)	Funds Available. The Purchaser Group has delivered
to the Company a true, correct and complete copy of the executed Commitment Letters. The Commitment Letters contains all of the
conditions precedent to the obligations of the funding party thereto to make the Equity Financing and the Debt Financing available
in accordance with the terms set out therein. As of the date of this Agreement, there are no other agreements, side letters or
arrangements that would permit the funding party to the Commitment Letters to reduce the amount of the Equity Financing or the
Debt Financing or that would otherwise affect the availability of either. As of the date of this Agreement, the Commitment Letters
have not been amended, restated, modified, withdrawn or terminated. The Commitment Letters are in full force and effect as of
the date of this Agreement and constitutes a legal, valid and binding obligation of the Purchaser Group (or their affiliates)
and, to the knowledge of the Purchaser Group, the other parties thereto, in each case, subject only to any limitation under bankruptcy,
insolvency or other applicable Laws affecting the enforcement of creditors’ rights generally and the discretion that a court
may exercise in the granting of equitable remedies such as specific performance and injunction. The Purchaser will have at the
Effective Time, sufficient funds available to satisfy the aggregate Consideration payable by the Purchaser to the Shareholders
and Optionholders pursuant to the Arrangement in accordance with the terms of this Agreement and the Plan of Arrangement, and
to satisfy all other obligations payable by the Purchaser pursuant to this Agreement and the Arrangement.
	 	 
	(8)	No Material Change. As at the date of this Agreement,
the Purchaser Group is not aware of any current circumstances or occurrence which has had or would reasonably expected to have
a Material Adverse Effect.
	 	 
	(9)	Warranties of the Company. As at the date of
this Agreement, the Purchaser Group is not aware of any representation or warranty of the Company in this Agreement being untrue
or inaccurate in any respect.

 

    	-2-EX-4.2

 Exhibit 4.2 

CENTERPOINT ENERGY RESOURCES CORP. 

(formerly known as NorAm Energy Corp.) 

To 
 THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A. 
 (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)) 

Trustee 
  

 
 SUPPLEMENTAL
INDENTURE NO. 18 
 Dated as of October 1, 2020 
  

 
 $500,000,000
1.75% Senior Notes due 2030 

 CENTERPOINT ENERGY RESOURCES CORP. 

SUPPLEMENTAL INDENTURE NO. 18 

1.75% Senior Notes due 2030 

SUPPLEMENTAL INDENTURE No. 18, dated as of October 1, 2020, between CENTERPOINT ENERGY RESOURCES CORP., a Delaware
corporation formerly known as NorAm Energy Corp. (the “Company”), and THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A. (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)), as
Trustee (the “Trustee”). 
 RECITALS 

The Company has heretofore executed and delivered to the Trustee an Indenture, dated as of February 1, 1998 (the
“Original Indenture” and, as previously and hereby supplemented and amended, the “Indenture”), providing for the issuance from time to time of one or more series of the Company’s Securities. 

The Company has changed its name from “NorAm Energy Corp.” to “CenterPoint Energy Resources Corp.” and all
references in the Indenture to the “Company” or “NorAm Energy Corp.” shall be deemed to refer to CenterPoint Energy Resources Corp. 

Pursuant to the terms of the Indenture, the Company desires to provide for the establishment of a new series of Securities to
be designated as the “1.75% Senior Notes due 2030” (the “Notes”), the form and substance of such Notes and the terms, provisions and conditions thereof to be set forth as provided in the Original Indenture and this
Supplemental Indenture No. 18. 
 Section 301 of the Original Indenture provides that various matters with respect
to any series of Securities issued under the Indenture may be established in an indenture supplemental to the Indenture. 

Subparagraph (7) of Section 901 of the Original Indenture provides that the Company and the Trustee may enter into
an indenture supplemental to the Indenture to establish the form or terms of Securities of any series as permitted by Sections 201 and 301 of the Original Indenture. 

  
 1 

 For and in consideration of the premises and the issuance of the series of
Securities provided for herein, it is mutually covenanted and agreed, for the equal and proportionate benefit of the Holders of the Securities of such series, as follows: 

ARTICLE ONE 
 Relation to
Indenture; Additional Definitions 
 Section 101 Relation to Indenture. This Supplemental Indenture
No. 18 constitutes an integral part of the Original Indenture. 
 Section 102 Additional
Definitions. For all purposes of this Supplemental Indenture No. 18: 
 Capitalized
terms used herein shall have the meaning specified herein or in the Original Indenture, as the case may be; 

“Business Day” means, with respect to any Note, any day other than a Saturday, a Sunday or a
day on which banking institutions in The City of New York are authorized or required by law, regulation or executive order to close. If any Interest Payment Date, Stated Maturity or Redemption Date of a Note falls on a day that is not a
Business Day, the required payment will be made on the next succeeding Business Day with the same force and effect as if made on the relevant date that the payment was due and no interest will accrue on such payment for the period from and after the
Interest Payment Date, Stated Maturity or Redemption Date, as the case may be, to the date of that payment on the next succeeding Business Day. The definition of “Business Day” in this Supplemental Indenture No. 18 and the
provisions described in the preceding sentence shall supersede the definition of Business Day in the Original Indenture and Section 113 of the Original Indenture; 

“Comparable Treasury Issue” has the meaning set forth in Section 402 hereof; 

“Comparable Treasury Price” has the meaning set forth in Section 402 hereof; 

“Consolidated Net Tangible Assets” means the total amount of assets of the Company, including
the assets of its Subsidiaries, less, without duplication: (a) total current liabilities (excluding indebtedness due within 12 months); (b) all reserves for depreciation and other asset valuation reserves, but excluding reserves for
deferred federal income taxes; (c) all intangible assets such as goodwill, trademarks, trade names, patents and unamortized debt discount and expense carried as an asset; and (d) all appropriate adjustments on account of minority interests
of other Persons holding common stock of any Subsidiary, all as reflected in the Company’s most recent audited consolidated balance sheet preceding the date of such determination; 

“Corporate Trust Office” means the principal office of the Trustee at which at any particular
time its corporate trust business shall be administered, which office as of the date hereof is located at: 601 Travis Street, 16th Floor, Houston, Texas 77002, Attention: Global Corporate Trust; telephone: (713)
483-6817; telecopy: (713) 483-7038; 

  
 2 

 “Equity Interests” means any capital stock,
partnership, joint venture, member or limited liability or unlimited liability company interest, beneficial interest in a trust or similar entity or other equity interest or investment of whatever nature; 

“Finance Lease” means a lease that, in accordance with accounting principles generally
accepted in the United States of America, would be recorded as a finance lease on the balance sheet of the lessee, but excluding, for the avoidance of doubt, any operating leases or any other non-finance
leases; 
 The term “indebtedness” as applied to the Company or any Subsidiary, means bonds,
debentures, notes and other instruments or arrangements representing obligations created or assumed by the Company or any such Subsidiary, including any and all: (i) obligations for money borrowed (other than unamortized debt discount or
premium); (ii) obligations evidenced by a note or similar instrument given in connection with the acquisition of any business, properties or assets of any kind; (iii) obligations as lessee under a Finance Lease; and (iv) amendments,
renewals, extensions, modifications and refundings of any such indebtedness or obligation listed in clause (i), (ii) or (iii) above. All indebtedness secured by a lien upon property owned by the Company or any Subsidiary and upon which
indebtedness the Company or any such Subsidiary customarily pays interest, although the Company or any such Subsidiary has not assumed or become liable for the payment of such indebtedness, shall for all purposes hereof be deemed to be indebtedness
of the Company or any such Subsidiary. All indebtedness for borrowed money incurred by other Persons which is directly guaranteed as to payment of principal by the Company or any Subsidiary shall for all purposes hereof be deemed to be indebtedness
of the Company or any such Subsidiary, as applicable, but no other contingent obligation of the Company or any such Subsidiary in respect of indebtedness incurred by other Persons shall for any purpose be deemed to be indebtedness of the Company or
any such Subsidiary; 
 “Independent Investment Banker” has the meaning set forth in
Section 402 hereof; 
 “Interest Payment Date” has the meaning set forth in
Section 204(a) hereof; 
 “Issue Date” has the meaning set forth in Section 204(a)
hereof; 
 “Lien” means any mortgage, deed of trust, pledge, hypothecation, assignment,
deposit arrangement, charge, security interest, encumbrance or lien of any kind whatsoever (including any Finance Lease); 

“Maturity Date” has the meaning set forth in Section 203 hereof; 

“Non-Recourse Debt” means (i) any indebtedness
for borrowed money incurred by any Project Finance Subsidiary to finance the acquisition, improvement, installation, design, engineering, construction, development, completion, maintenance or operation of, or otherwise to pay costs and expenses
relating to or providing financing for, any project, which indebtedness for borrowed money does not provide for recourse against the 

  
 3 

 
Company or any Subsidiary of the Company (other than a Project Finance Subsidiary and such recourse as exists under a Performance Guaranty) or any property or asset of the Company or any
Subsidiary of the Company (other than Equity Interests in, or the property or assets of, a Project Finance Subsidiary and such recourse as exists under a Performance Guaranty) and (ii) any refinancing of such indebtedness for borrowed money
that does not increase the outstanding principal amount thereof (other than to pay costs incurred in connection therewith and the capitalization of any interest or fees) at the time of the refinancing or increase the property subject to any lien
securing such indebtedness for borrowed money or otherwise add additional security or support for such indebtedness for borrowed money; 

“Notes” has the meaning set forth in the third paragraph of the Recitals hereof; 

“Original Indenture” has the meaning set forth in the first paragraph of the Recitals hereof;

 “Par Call Date” has the meaning set forth in Section 401 hereof; 

“Performance Guaranty” means any guaranty issued in connection with any Non-Recourse Debt that (i) if secured, is secured only by assets of or Equity Interests in a Project Finance Subsidiary, and (ii) guarantees to the provider of such
Non-Recourse Debt or any other person (a) performance of the improvement, installation, design, engineering, construction, acquisition, development, completion, maintenance or operation of, or otherwise
affects any such act in respect of, all or any portion of the project that is financed by such Non-Recourse Debt, (b) completion of the minimum agreed equity or other contributions or support to the
relevant Project Finance Subsidiary, or (c) performance by a Project Finance Subsidiary of obligations to persons other than the provider of such Non-Recourse Debt; 

“Project Finance Subsidiary” means any Subsidiary designated by the Company whose principal
purpose is to incur Non-Recourse Debt and/or construct, lease, own or operate the assets financed thereby, or to become a direct or indirect partner, member or other equity participant or owner in a Person
created for such purpose, and substantially all the assets of which Subsidiary or Person are limited to (x) those assets being financed (or to be financed), or the operation of which is being financed (or to be financed), in whole or in part by
Non-Recourse Debt, or (y) Equity Interests in, or indebtedness or other obligations of, one or more other such Subsidiaries or Persons, or (z) indebtedness or other obligations of the Company or any
Subsidiary or other Persons. At the time of designation of any Project Finance Subsidiary, the sum of the net book value of the assets of such Subsidiary and the net book value of the assets of all other Project Finance Subsidiaries then existing
shall not in the aggregate exceed 10 percent of the Consolidated Net Tangible Assets; 

“Reference Treasury Dealer” has the meaning set forth in Section 402 hereof; 

  
 4 

 “Reference Treasury Dealer Quotations” has
the meaning set forth in Section 402 hereof; 
 “Regular Record Date” has the meaning
set forth in Section 204(a) hereof; 
 “Remaining Term” has the meaning set forth in
Section 402 hereof; 
 “Subsidiary” of any entity means any corporation, partnership,
joint venture, limited liability company, trust or estate of which (or in which) more than 50% of (i) the issued and outstanding capital stock having ordinary voting power to elect a majority of the Board of Directors of such corporation
(irrespective of whether at the time capital stock of any other class or classes of such corporation shall or might have voting power upon the occurrence of any contingency), (ii) the interest in the capital or profits of such limited liability
company, partnership, joint venture or other entity or (iii) the beneficial interest in such trust or estate is at the time directly or indirectly owned or controlled by such entity, by such entity and one or more of its other subsidiaries or
by one or more of such entity’s other subsidiaries; 
 “Treasury Rate” has the meaning
set forth in Section 402 hereof; 
 All references herein to Articles and Sections, unless otherwise
specified, refer to the corresponding Articles and Sections of this Supplemental Indenture No. 18; and 

The terms “herein,” “hereof,” “hereunder” and other words of similar import refer
to this Supplemental Indenture No. 18. 
 ARTICLE TWO 

The Series of Securities 

Section 201 Title of the Securities. The Notes shall be designated as the “1.75% Senior Notes due
2030.” 
 Section 202 Limitation on Aggregate Principal Amount. The Trustee shall authenticate and
deliver the Notes for original issue on the Issue Date in the aggregate principal amount of $500,000,000 upon a Company Order for the authentication and delivery thereof and satisfaction of Sections 301 and 303 of the Original Indenture. Such
order shall specify the amount of the Notes to be authenticated, the date on which the original issue of Notes is to be authenticated and the name or names of the initial Holder or Holders. The aggregate principal amount of Notes that may
initially be outstanding shall not exceed $500,000,000; provided, however, that the authorized aggregate principal amount of the Notes may be increased above such amount by a Board Resolution to such effect. 

Section 203 Stated Maturity. The Stated Maturity of the Notes shall be October 1, 2030 (the
“Maturity Date”). 

  
 5 

 Section 204 Interest and Interest Rates. 

(a) The Notes shall bear interest at a rate of 1.75% per year, from and including October 1, 2020 (the “Issue
Date”) to, but excluding, the Maturity Date. Such interest shall be payable semi-annually in arrears on April 1 and October 1 of each year (each an “Interest Payment Date”),
beginning April 1, 2021 to the persons in whose names the Notes (or one or more Predecessor Securities) are registered at the close of business on March 15 and September 15 (each a “Regular Record Date”) (whether or
not a Business Day), as the case may be, immediately preceding such Interest Payment Date. 
 (b) Any such interest not so
punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall either (i) be paid to the Person in whose name such Note (or one or more Predecessor Securities) is registered at the
close of business on the 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 (ii) be paid
at any time in any other lawful manner not inconsistent with the requirements of any securities exchange or automated quotation system on which the Notes may be listed or traded, and upon such notice as may be required by such exchange or automated
quotation system, all as more fully provided in the Indenture. 
 (c) The amount of interest payable for any period shall be
computed on the basis of a 360-day year of twelve 30-day months. The amount of interest payable for any partial period shall be computed on the basis of a 360-day year of twelve 30-day months and the days elapsed in any partial month. In the event that any date on which interest is payable on a Note is not a Business Day, then a
payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on the date the payment
was originally payable. 
 (d) Any principal and premium, if any, and any installment of interest, which is overdue shall
bear interest at the rate of 1.75% per annum (to the extent permitted by law), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. 

Section 205 Paying Agent; Place of Payment. The Trustee shall initially serve as the Paying Agent for the
Notes. The Company may appoint and change any Paying Agent or approve a change in the office through which any Paying Agent acts without notice, other than notice to the Trustee. The Company or any of its Subsidiaries or any of their
Affiliates may act as Paying Agent. The Place of Payment where the Notes may be presented or surrendered for payment shall be the Corporate Trust Office of the Trustee. At the option of the Company, payment of interest may be made
(i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately available funds at such place and to such account as may be designated in
writing by the Person entitled thereto as specified in the Security Register. 
 Section 206 Place of Registration
or Exchange; Notices and Demands With Respect to the Notes. The place where the Holders of the Notes may present the Notes for registration of transfer or exchange and may make notices and demands to or upon the Company in respect of the
Notes shall be the Corporate Trust Office of the Trustee. 

  
 6 

 Section 207 Percentage of Principal Amount. The Notes shall
be initially issued at 99.945% of their principal amount, plus accrued interest, if any, from the Issue Date. 

Section 208 Global Securities. The Notes shall be issuable in whole or in part in the form of one or more Global
Securities. Such Global Securities shall be deposited with, or on behalf of, The Depository Trust Company, New York, New York, which shall act as Depositary with respect to the Notes. Such Global Securities shall bear the legends set forth
in the form of Security attached as Exhibit A hereto. 
 Section 209 Form of Securities. The Notes
shall be substantially in the form attached as Exhibit A hereto. 
 Section 210 Securities
Registrar. The Trustee shall initially serve as the Security Registrar for the Notes. 
 Section 211
Defeasance and Discharge; Covenant Defeasance. 
 (a) Article Fourteen of the Original Indenture, including without
limitation Sections 1402 and 1403 thereof (as modified by Section 211(b) hereof), shall apply to the Notes. 
 (b)
Solely with respect to the Notes issued hereby, the first sentence of Section 1403 of the Original Indenture is hereby deleted in its entirety, and the following is substituted in lieu thereof: 

“Upon the Company’s exercise of its option (if any) to have this Section 1403 applied to any Securities or any
series of Securities, as the case may be, (1) the Company shall be released from its obligations under Article Eight and under any covenants provided pursuant to Section 301(20), 901(2) or 901(7) for the benefit of the Holders of such
Securities, including without limitation, the covenants provided for in Article Three of Supplemental Indenture No. 18 to the Indenture, and (2) the occurrence of any event specified in Sections 501(4) (with respect to
Article Eight and to any such covenants provided pursuant to Section 301(20), 901(2) or 901(7)) and 501(7) shall be deemed not to be or result in an Event of Default, in each case with respect to such Securities as provided in this
Section 1403 on and after the date the conditions set forth in Section 1404 are satisfied (hereinafter called “Covenant Defeasance”).” 

Section 212 Sinking Fund Obligations. The Company shall have no obligation to redeem or purchase any Notes
pursuant to any sinking fund or analogous requirement or upon the happening of a specified event or at the option of a Holder thereof. 

  
 7 

 ARTICLE THREE 

Additional Covenants 

Section 301. Maintenance of Properties. The Company shall cause all properties used or useful in the conduct of
its business or the business of any Subsidiary to be maintained and kept in good condition, repair and working order and supplied with all necessary equipment and shall cause to be made all necessary repairs, renewals, replacements, betterments and
improvements thereof, all as in the judgment of the Company may be necessary so that the business carried on in connection therewith may be properly conducted at all times; provided, however, that nothing in this Section 301 shall
prevent the Company from discontinuing the operation or maintenance of any of such properties if such discontinuance is, in the judgment of the Company, desirable in the conduct of its business or the business of any Subsidiary. 

Section 302. Payment of Taxes and Other Claims. The Company shall pay or discharge or cause to be paid or
discharged, before the same shall become delinquent, (1) all taxes, assessments and governmental charges levied or imposed upon the Company or any Subsidiary or upon the income, profits or property of the Company or any Subsidiary, and
(2) all lawful claims for labor, materials and supplies which, if unpaid, might by law become a lien upon the property of the Company or any Subsidiary; provided, however, that the Company shall not be required to pay or discharge
or cause to be paid or discharged any such tax, assessment, charge or claim whose amount, applicability or validity is being contested in good faith by appropriate proceedings. 

ARTICLE FOUR 
 Optional Redemption
of the Notes 
 Section 401 Redemption Price. The Notes shall be redeemable, at the option of the Company, at
any time and from time to time, in whole or in part, on any date prior to July 1, 2030 (the “Par Call Date”), at a price equal to the greater of (i) 100% of the principal amount of the Notes to be redeemed or (ii) the
sum of the present values of the remaining scheduled payments of principal and interest on the Notes to be redeemed that would be due if the Notes matured on the Par Call Date but for the redemption (not including any portion of such payments of
interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months) at the
applicable Treasury Rate plus 20 basis points, plus, in each case, accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the Redemption Date. On or after the Par Call Date, the Company may redeem, at its
option, the Notes at any time or from time to time, in whole or in part, by paying 100% of the principal amount of the Notes to be redeemed plus accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the
Redemption Date. The Trustee shall have no responsibility for the calculation of such amount. 

  
 8 

 Section 402 Calculation. The Treasury Rate will be calculated by
the Independent Investment Banker on the third Business Day preceding the Redemption Date. For purposes of this Article Four, the following terms shall mean as follows: 

“Treasury Rate” means, with respect to any Redemption Date, the yield calculated on the third Business Day
preceding the Redemption Date, as follows: for the latest day that appears in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or
any successor publication) under the caption “Treasury Constant Maturities—Nominal”, the Independent Investment Banker shall select two yields – one for the maturity immediately before and one for the maturity immediately after
the remaining maturity of the Notes to be redeemed (assuming the Notes matured on the Par Call Date) – and shall interpolate on a straight-line basis using such yields; if there is no such maturity either before or after, the Independent
Investment Banker shall select the maturity closest to the Par Call Date that appears on the release; or if such release (or any successor release) is not published during the week preceding the calculation date or does not contain such yields, the
rate per annum equal to the semiannual equivalent yield to maturity of the applicable Comparable Treasury Issue, calculated by the Independent Investment Banker using a price for the Comparable Treasury Issue (expressed as a percentage of its
principal amount) equal to the Comparable Treasury Price for such Redemption Date. 
 “Comparable Treasury
Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having an actual or interpolated maturity comparable to the remaining term (“Remaining Term”) of the Notes to be redeemed (assuming for
this purpose that the Notes matured on the Par Call Date) that would be utilized, at the time of selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the
Remaining Term of such Notes. 
 “Comparable Treasury Price” means (1) the average of four Reference
Treasury Dealer Quotations for such Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the
average of all such quotations. 
 “Independent Investment Banker” means one of the Reference Treasury
Dealers appointed by the Company. 
 “Reference Treasury Dealer” means each of (1) Barclays Capital
Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and Mizuho Securities USA LLC and each of their respective affiliates or successors, each of which is a primary U.S. government securities dealer in the United States of America (a
“Primary Treasury Dealer”), provided, however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer and (2) any other Primary Treasury
Dealer selected by the Company after consultation with the Independent Investment Banker. 
 “Reference Treasury
Dealer Quotations” means, with respect to each Reference Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in
each case as a percentage of its principal amount) quoted in writing to the Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

  
 9 

 Section 403 Partial Redemption. If fewer than all of the
Notes are to be redeemed by the Company pursuant to this Article Four, not more than 60 days prior to the Redemption Date, the particular Notes or portions thereof called for redemption will be selected from the outstanding Notes not previously
called by such method as the Trustee deems fair and appropriate. The Trustee may select for redemption Notes and portions of Notes in amounts of $2,000 or whole multiples of $1,000. A new Note in principal amount equal to the unredeemed portion
of the original Note shall be issued upon the cancellation of the original Note. In the case of a partial redemption of Notes registered in the name of Cede & Co., the Notes to be redeemed will be determined in accordance with the
procedures of The Depository Trust Company. 
 Section 404 Notice of Optional Redemption. The Trustee, at
the written direction of the Company, will send a notice of redemption prepared by the Company to each holder of Notes to be redeemed by first-class mail (or in accordance with the procedures of The Depository Trust Company with respect to Notes
registered in the name of Cede & Co.) at least 15 and not more than 60 days prior to the date fixed for redemption. Unless the Company defaults on payment of the redemption price, interest will cease to accrue on the Notes or portions
thereof called for redemption on the Redemption Date. If any Note is to be redeemed in part only, the notice of redemption shall state the portion of the principal amount to be redeemed. 

ARTICLE FIVE 
 Remedies 

Section 501 Additional Event of Default; Acceleration of Maturity. 

(a) Solely with respect to the Notes issued hereby, Section 501(7) of the Original Indenture is hereby deleted in its
entirety, and the following is substituted in lieu thereof as an Event of Default in addition to the other events set forth in Section 501 of the Original Indenture: 

“(7) the default by the Company or any Subsidiary, other than a Project Finance Subsidiary, in the
payment, when due, after the expiration of any applicable grace period, of principal of indebtedness for money borrowed, other than Non-Recourse Debt, in the aggregate principal amount then outstanding of
$125 million or more, or acceleration of any indebtedness for money borrowed in such aggregate principal amount so that it becomes due and payable prior to the date on which it would otherwise have become due and payable and such acceleration
is not rescinded or such default is not cured within 30 days after there has been given, by registered or certified mail, to the Company by the Trustee or to the Company and the Trustee by the holders of at least 33% in principal amount of the
Notes written notice specifying such default and requiring the Company to cause such acceleration to be rescinded or such default to be cured and stating that such notice is a “Notice of Default” under the Indenture;”. 

  
 10 

 (b) Solely with respect to the Notes issued hereby, the first paragraph of
Section 502 of the Original Indenture is hereby deleted in its entirety, and the following is substituted in lieu thereof: 

“If an Event of Default (other than an Event of Default specified in Section 501(5) or 501(6)) with
respect to the Notes at the time Outstanding occurs and is continuing, then in every such case the Trustee or the Holders of not less than 33% in principal amount of the Notes Outstanding may declare the principal amount of all the Notes to be due
and payable immediately, by a notice in writing to the Company (and to the Trustee if given by Holders), and upon any such declaration such principal amount (or specified amount) shall become immediately due and payable. If an Event of Default
specified in Section 501(5) or 501(6) with respect to the Notes at the time Outstanding occurs and is continuing, the principal amount of all the Notes shall automatically, and without any declaration or other action on the part of the Trustee
or any Holder, become immediately due and payable.” 
 Section 502 Amendment of Certain
Provisions. Solely with respect to the Notes issued hereby, references to “25%” in Article Five of the Indenture are hereby deleted in their entirety and “33%” is substituted in lieu thereof. 

ARTICLE SIX 
 Miscellaneous
Provisions 
 Section 601 The Indenture, as supplemented and amended by this Supplemental Indenture No. 18, is in
all respects hereby adopted, ratified and confirmed. 
 Section 602 This Supplemental Indenture No. 18 may be
executed in any number of counterparts, each of which shall be an original, but such counterparts shall together constitute but one and the same instrument. The words “execution,” “executed,” “signed,” signature,”
and words of like import in this Supplemental Indenture No. 18 shall include images of manually executed signatures transmitted by facsimile, email or other electronic format (including, without limitation, “pdf,” “tif” or
“jpg”) and other electronic signatures (including, without limitation, DocuSign and AdobeSign). The use of electronic signatures and electronic records (including, without limitation, any contract or other record created, generated, sent,
communicated, received, or stored by electronic means) shall be of the same legal effect, validity and enforceability as a manually executed signature or use of a paper-based record-keeping system to the fullest extent permitted by applicable law,
including the Federal Electronic Signatures in Global and National Commerce Act, the New York State Electronic Signatures and Records Act and any other applicable law, including, without limitation, any state law based on the Uniform Electronic
Transactions Act or the Uniform Commercial Code. Without limitation to the foregoing, and anything in this Supplemental Indenture No. 18 to the contrary notwithstanding, (a) any Officers’ Certificate, Company Order, Opinion of
Counsel, Security, certificate of authentication appearing on or attached to any Security or other certificate, Opinion of Counsel, instrument, agreement or other document delivered pursuant to this Supplemental Indenture No. 18 may be
executed, attested and transmitted by any of the foregoing electronic means and formats, (b) all references 

  
 11 

 
in Section 303 or elsewhere in the Indenture to the execution, attestation or authentication of any Security or any certificate of authentication appearing on or attached to any Security by
means of a manual or facsimile signature shall be deemed to include signatures that are made or transmitted by any of the foregoing electronic means or formats, and (c) any requirement in Section 303 or elsewhere in the Indenture that any
signature be made under a corporate seal (or facsimile thereof) shall not be applicable to the Securities of such series. 

Section 603 THIS SUPPLEMENTAL INDENTURE NO. 18 AND EACH NOTE SHALL BE DEEMED TO BE A CONTRACT MADE UNDER THE LAWS OF THE
STATE OF NEW YORK AND SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF. 

Section 604 If any provision in this Supplemental Indenture No. 18 limits, qualifies or conflicts with another
provision hereof which is required to be included herein by any provisions of the Trust Indenture Act, such required provision shall control. 

Section 605 In case any provision in this Supplemental Indenture No. 18 or the Notes shall be invalid, illegal or
unenforceable, the validity, legality and enforceability of the remaining provisions shall not in any way be affected or impaired thereby. 

  
 12 

 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture No. 18 to be duly executed, as of the day and year first written above. 
  

			
	 CENTERPOINT ENERGY RESOURCES CORP.

		
	 By:
	 	  

		 	 Robert B. McRae

		 	 Vice President and Treasurer

  

	
	 Attest:

	
	  

	 Vincent A. Mercaldi

	 Corporate Secretary

	
	 (SEAL)

  

			
	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

	 As Trustee

		
	 By:
	 	  

		 	 Authorized Signatory

  
 13 

 Exhibit A 

[FORM OF FACE OF SECURITY] 
 [IF
THIS SECURITY IS TO BE A GLOBAL SECURITY -] THIS SECURITY 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 OF A DEPOSITARY. THIS SECURITY IS EXCHANGEABLE FOR
SECURITIES REGISTERED IN THE NAME OF A PERSON OTHER THAN THE DEPOSITARY OR ITS NOMINEE ONLY IN THE LIMITED CIRCUMSTANCES DESCRIBED IN THE INDENTURE AND MAY NOT BE TRANSFERRED EXCEPT AS A WHOLE BY THE DEPOSITARY TO A NOMINEE OF THE DEPOSITARY OR BY A
NOMINEE OF THE DEPOSITARY TO THE DEPOSITARY OR ANOTHER NOMINEE OF THE DEPOSITARY. 
 [FOR AS LONG AS THIS GLOBAL SECURITY IS DEPOSITED WITH
OR ON BEHALF OF THE DEPOSITORY TRUST COMPANY IT SHALL BEAR THE FOLLOWING LEGEND.] UNLESS THIS CERTIFICATE IS PRESENTED BY AN AUTHORIZED REPRESENTATIVE OF THE DEPOSITORY TRUST COMPANY, A NEW YORK CORPORATION (“DTC”), TO CENTERPOINT
ENERGY RESOURCES CORP. 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. 
 CENTERPOINT ENERGY RESOURCES CORP. 

1.75% Senior Notes due 2030 
  

			
	 Original Interest Accrual Date: October 1, 2020

Stated Maturity: October 1, 2030

Interest Rate: 1.75%
 Interest
Payment Dates: April 1 and October 1
 Initial Interest Payment Date: April 1, 2021

Regular Record Dates: March 15 and September 15 immediately preceding the applicable Interest Payment Date
	  	 Redeemable: Yes [X] No [    ]

Redemption Date: At any time.

Redemption Price: 1) On any date prior to July 1, 2030 (the “Par Call Date”) at a price equal to the greater of (i) 100% of
the principal amount of this Security or the portion hereof to be redeemed or (ii) the sum of the present values of the remaining scheduled payments of principal and interest on this Security, or the portion thereof to be redeemed, that would
be due if this Security matured on the Par Call Date but for the redemption (not including any portion of such payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis at the applicable Treasury
Rate

			
		  	 plus 20 basis points; plus, in each case, accrued and unpaid interest on the principal amount being redeemed to, but
excluding, the Redemption Date; or 2) on or after the Par Call Date, at a price equal to 100% of the principal amount of this Security or the portion thereof to be redeemed plus accrued and unpaid interest on the principal amount being redeemed to,
but excluding, the Redemption Date.

 This Security is not an Original Issue Discount Security 

within the meaning of the within-mentioned Indenture. 
  

 
  

			
	 Principal Amount
	  	Registered No. T-[     ]
	 $_______________*
	  	CUSIP 15189Y AF3

 CENTERPOINT ENERGY RESOURCES CORP., a corporation duly organized and existing under the laws of the State of
Delaware, formerly known as NorAm Energy Corp. (herein called the “Company,” which term includes any successor Person under the Indenture referred to below), for value received, hereby promises to pay to 

***CEDE & Co.*** 
 , or
its registered assigns, the principal sum
of                                         
                        DOLLARS on the Stated Maturity specified above, and to pay interest thereon from the Original Interest Accrual
Date specified above or from the most recent Interest Payment Date to which interest has been paid or duly provided for, semi-annually in arrears on the Interest Payment Dates specified above in each year, commencing on April 1, 2021, and at
Maturity, at the Interest Rate per annum specified above, until the principal hereof is paid or made available for payment, provided that any principal and premium, and any such installment of interest, which is overdue shall bear interest at
the rate of 1.75% per annum (to the extent permitted by applicable law), from the dates such amounts are due until they are paid or made available for payment, and such interest shall be payable on demand. The amount of interest payable for any
period shall be computed on the basis of twelve 30-day months and a 360-day year. The amount of interest payable for any partial period shall be computed on the basis of
a 360-day year of twelve 30-day months and the days elapsed in any partial month. In the event that any date on which interest is payable on this Security is not a
Business Day, then a payment of the interest payable on such date will be made on the next succeeding day which is a Business Day (and without any interest or other payment in respect of any such delay) with the same force and effect as if made on
the date the payment was originally payable. A “Business Day” shall mean any day other than a Saturday, a Sunday or a day on which banking institutions in The City of New York are authorized or required by law, regulation or 

 

	* 	 Reference is made to Schedule A attached hereto with respect to decreases and increases in the aggregate
principal amount of Securities evidenced hereby. 

 
executive order to close. 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 Security (or one or more Predecessor Securities) is registered at the close of business on the Regular Record Date for such interest, which shall be March 15 or September 15 (whether or not a Business Day), as the case may be,
next preceding such Interest Payment Date. Any such interest not so punctually paid or duly provided for shall forthwith cease to be payable to the Holder on such Regular Record Date and shall either be paid to the Person in whose name this
Security (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 Securities 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 or automated quotation system on which the Securities of this series
may be listed or traded, and upon such notice as may be required by such exchange or automated quotation system, all as more fully provided in said Indenture. 

Payment of the principal of (and premium, if any) and any such interest on this Security will be made at the Corporate Trust
Office of the Trustee, 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; provided, however, that at the option of the Company payment of interest
may be made (i) by check mailed to the address of the Person entitled thereto as such address shall appear in the Security Register or (ii) by wire transfer in immediately available funds at such place and to such account as may be
designated in writing by the Person entitled thereto as specified in the Security Register. 
 Reference is hereby made to
the further provisions of this Security set forth on the reverse hereof, which further provisions shall for all purposes have the same effect as if set forth at this place. 

Unless the certificate of authentication hereon has been executed by the Trustee referred to on the reverse hereof by manual
signature, this Security 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. 
  

							
	 Dated: October 1, 2020
	 		 	 CENTERPOINT ENERGY RESOURCES CORP.

				
		 		 	By:	 	                                

		 		 	 Name: Robert B. McRae

		 		 	 Title: Vice President and Treasurer

  

	
	 (SEAL)

	
	 Attest:

	
	   

	 Name: Vincent A. Mercaldi

	 Title: Corporate Secretary

 CERTIFICATE OF AUTHENTICATION 

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

 

							
		 		 	 THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.,

		 		 	 As Trustee

	 Dated: October 1, 2020
	 		 		 	
		 		 	By:	 	                                
            
		 		 	Authorized Signatory

 SCHEDULE A 

The initial aggregate principal amount of Securities evidenced by the Certificate to which this Schedule is attached is
$                                         
                       . The notations on the following table evidence decreases and increases in the aggregate principal amount of
Securities evidenced by such Certificate. 
  

									
	 Date of Adjustment
	  	 Decrease in Aggregate
Principal Amount
of
Securities
	  	 Increase in Aggregate
Principal Amount
of
Securities
	  	 Aggregate Principal
Amount of Securities
Remaining After

Such Decrease or
 Increase
	  	 Notation by

Security

Registrar

 [FORM OF REVERSE SIDE OF SECURITY] 

CENTERPOINT ENERGY RESOURCES CORP. 

1.75% SENIOR NOTES DUE 2030 

This Security is one of a duly authorized issue of securities of the Company (herein called the “Securities”),
issued and to be issued in one or more series under an Indenture, dated as of February 1, 1998 (herein called the “ Indenture,” which term shall have the meaning assigned to it in such instrument), between the Company and The Bank of
New York Mellon Trust Company, N.A. (successor to JPMorgan Chase Bank, National Association (formerly Chase Bank of Texas, National Association)), as Trustee (herein called the “Trustee,” which term includes any successor trustee under the
Indenture), to which Indenture and all indentures supplemental thereto reference is hereby made for a statement of the respective rights, limitations of rights, duties and immunities thereunder of the Company, the Trustee and the Holders of the
Securities and of the terms upon which the Securities are, and are to be, authenticated and delivered. This Security is one of the series designated on the face hereof, initially limited in aggregate principal amount to $500,000,000;
provided, however, that the authorized aggregate principal amount of the Securities may be increased above such amount by a Board Resolution to such effect. 

This Security shall be redeemable, at the option of the Company, at any time or from time to time, in whole or in part, on any
date prior to July 1, 2030 (the “Par Call Date”) at a price equal to the greater of (i) 100% of the principal amount of this Security (or the portion hereof to be redeemed) or (ii) the sum of the present values of the
remaining scheduled payments of principal and interest on the Securities to be redeemed that would be due if this Security (or the portion hereof to be redeemed) matured on the Par Call Date but for the redemption (not including any portion of such
payments of interest accrued to the Redemption Date) discounted to the Redemption Date on a semiannual basis (assuming a 360-day year consisting of twelve 30-day months)
at the applicable Treasury Rate plus 20 basis points plus, in each case, accrued and unpaid interest on the principal amount being redeemed, if any, to, but excluding, the Redemption Date. On or after the Par Call Date, the Company may redeem this
Security, at any time or from time to time, in whole or in part, by paying 100% of the principal amount of this Security (or such portion to be redeemed) plus accrued and unpaid interest on the principal amount being redeemed, if any, to, but
excluding, the Redemption Date. The Trustee shall have no responsibility for the calculation of such amount. 
 The Treasury
Rate will be calculated by the Independent Investment Banker on the third Business Day preceding the Redemption Date. For purposes of calculating the Redemption Price, the following terms shall mean as follows: 

“Treasury Rate” means, with respect to any Redemption Date, the yield calculated on the third Business Day preceding
the Redemption Date, as follows: for the latest day that appears in the most recent statistical release published by the Board of Governors of the Federal Reserve System designated as “Selected Interest Rates (Daily) - H.15” (or any
successor publication) under the caption “Treasury Constant Maturities - Nominal”, the Independent Investment Banker shall select two yields – one for the maturity immediately before and one for the maturity immediately

 
after the remaining maturity of this Security (assuming this Security matured on the Par Call Date) – and shall interpolate on a straight-line basis using such yields; if there is no such
maturity either before or after, the Independent Investment Banker shall select the maturity closest to the Par Call Date that appears on the release; or if such release (or any successor release) is not published during the week preceding the
calculation date or does not contain such yields, the rate per annum equal to the semiannual equivalent yield to maturity of the Comparable Treasury Issue, calculated by the Independent Investment Banker using a price for the Comparable Treasury
Issue (expressed as a percentage of its principal amount) equal to the Comparable Treasury Price for such Redemption Date. 

“Comparable Treasury Issue” means the U.S. Treasury security selected by an Independent Investment Banker as having
an actual or interpolated maturity comparable to the remaining term (“Remaining Term”) of this Security to be redeemed (assuming for this purpose that the Securities matured on the Par Call Date) that would be utilized, at the time of
selection and in accordance with customary financial practice, in pricing new issues of corporate debt securities of comparable maturity to the Remaining Term of this Security. 

“Comparable Treasury Price” means (1) the average of four Reference Treasury Dealer Quotations for such
Redemption Date, after excluding the highest and lowest Reference Treasury Dealer Quotations, or (2) if the Independent Investment Banker obtains fewer than four such Reference Treasury Dealer Quotations, the average of all such quotations.

 “Independent Investment Banker” means one of the Reference Treasury Dealers appointed by the Company. 

“Reference Treasury Dealer” means each of (1) Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan
Securities LLC and Mizuho Securities USA LLC and each of their respective affiliates or successors, each of which is a primary U.S. government securities dealer in the United States of America (a “Primary Treasury Dealer”), provided,
however, that if any of the foregoing shall cease to be a Primary Treasury Dealer, the Company shall substitute therefor another Primary Treasury Dealer and (2) any other Primary Treasury Dealer selected by the Company after consultation with
the Independent Investment Banker. 
 “Reference Treasury Dealer Quotations” means, with respect to each Reference
Treasury Dealer and any Redemption Date, the average, as determined by the Independent Investment Banker, of the bid and asked prices for the Comparable Treasury Issue (expressed in each case as a percentage of its principal amount) quoted in
writing to the Independent Investment Banker at 5:00 p.m., New York City time, on the third Business Day preceding such Redemption Date. 

In the event of redemption of this Security in part only, a new Security or Securities of this series and of like tenor for
the unredeemed portion hereof will be issued in the name of the Holder hereof upon the cancellation hereof. 
 The
Securities of this series are not entitled to the benefit of any sinking fund. 

 The Indenture contains provisions for satisfaction and discharge of the
entire indebtedness of this Security upon compliance by the Company with certain conditions set forth in the Indenture. 

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

If an Event of Default with respect to Securities of this series shall occur and be continuing, the principal of the
Securities 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 Securities 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
Securities 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 Securities of each series at the time Outstanding, on behalf of
the Holders of all Securities 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
Security shall be conclusive and binding upon such Holder and upon all future Holders of this Security and of any Security 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 Security. 
 As provided in and subject to the provisions of the Indenture, the Holder
of this Security 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 Securities of this series, the Holders of not less than 33% in principal amount of the Securities 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 Securities 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 Security 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 Security 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 Security 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, the transfer of this Security is registrable in the Security Register, upon surrender of this Security 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 Security 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 Securities 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. 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 Security 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 Security is registered as the owner hereof for all purposes, whether or not this Security be overdue, and neither the Company, the Trustee nor any such agent shall be affected by notice to the
contrary. 
 The Securities of this series are issuable only in registered form without coupons in minimum denominations of
$2,000 principal amount and integral multiples of $1,000 principal amount in excess thereof. As provided in the Indenture and subject to certain limitations therein set forth, Securities of this series are exchangeable for a like aggregate
principal amount of Securities of this series and of like tenor of a different authorized denomination, as requested by the Holder surrendering the same. 

All terms used in this Security which are defined in the Indenture shall have the meanings assigned to them in the Indenture.

 THE INDENTURE AND THIS SECURITY SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK
WITHOUT REGARD TO CONFLICTS OF LAWS PRINCIPLES THEREOF.

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