CANADIAN CREDIT CARD FEES CLASS ACTION NATIONAL SETTLEMENT AGREEMENT Made on October 28, 2020 (the “Execution Date”) Amended on January 22, 2021 Between COBURN AND WATSON’S METROPOLITAN HOME DBA METROPOLITAN HOME (“Metropolitan Home”) AND MAYNARD’S SOUTHLANDS STABLES LTD., HELLO BABY EQUIPMENT INC., JONATHON BANCROFT-SNELL, 1739793 ONTARIO INC., 9085-4886 QUEBEC INC., PETER BAKOPANOS, MACARONIES HAIR CLUB AND LASER CENTER INC. OPERATING AS FUZE SALON and BANK OF MONTREAL (“BMO”), THE BANK OF NOVA SCOTIA (“BNS”), CANADIAN IMPERIAL BANK OF COMMERCE (“CIBC”) ROYAL BANK OF CANADA (“RBC”), AND THE TORONTO-DOMINION BANK (“TD”) {11005-001/00789904.2} - i - TABLE OF CONTENTS RECITALS ......................................................................................................................................1 SECTION 1 - DEFINITIONS .........................................................................................................4 SECTION 2 - SETTLEMENT APPROVAL ................................................................................21 2.1 Best Efforts ...............................................................................................................21 2.2 Motions Certifying or Authorizing the Canadian Proceedings and for Approvals ..21 2.3 Agreement on Form of Orders .................................................................................23 2.4 Pre-Motion Confidentiality ......................................................................................23 2.5 Sequence of Motions ................................................................................................24 SECTION 3 - SETTLEMENT BENEFITS ...................................................................................25 3.1 Payment of Settlement Amount ...............................................................................25 3.2 Taxes and Interest .....................................................................................................26 SECTION 4 - DISTRIBUTION OF SETTLEMENT AMOUNT AND INTEREST ...................27 4.1 Distribution Protocol ................................................................................................27 4.2 No Responsibility for Administration or Fees .........................................................27 SECTION 5 - RELEASES, DISMISSALS AND STAYS ............................................................28 5.1 Release of Releasees ................................................................................................28 5.2 Covenant Not To Sue ...............................................................................................29 5.3 No Further Claims ....................................................................................................30 5.4 Dismissal of the Canadian Proceedings ...................................................................30 5.5 Dismissal of the Additional Class Proceedings ........................................................31 5.6 Settlement of Quebec Proceeding ............................................................................31 5.7 Releases and Covenants ...........................................................................................31 SECTION 6 – BAR ORDER AND OTHER CLAIMS .................................................................31 6.1 British Columbia, Alberta, Saskatchewan and Ontario Bar Order .....................31 6.2 Quebec Waiver or Renunciation of Solidarity Order ..........................................33 6.3 Material Term ..........................................................................................................34 SECTION 7 - EFFECT OF SETTLEMENT .................................................................................35 7.1 No Admission of Liability ........................................................................................35 7.2 Agreement Not Evidence .........................................................................................35 7.3 No Further Litigation & No Assistance to Other Plaintiffs......................................36 SECTION 8 - CERTIFICATION OR AUTHORIZATION FOR SETTLEMENT ONLY ..........37 8.1 Settlement Class and Common Issue .......................................................................37 SECTION 9 - NOTICE TO SETTLEMENT CLASS ...................................................................37 9.1 Notices Required ......................................................................................................37 9.2 Form and Distribution of Notices .............................................................................37 9.3 Notice of Distribution ...............................................................................................38 SECTION 10 - ADMINISTRATION AND IMPLEMENTATION .............................................38 10.1 Mechanics of Administration ...................................................................................38 SECTION 11 - CLASS COUNSEL FEES AND ADMINISTRATION EXPENSES ..................39 {11005-001/00789904.2} - ii - SECTION 12 - TERMINATION OF SETTLEMENT AGREEMENT ........................................40 12.1 Right of Termination ................................................................................................40 12.2 If Settlement Agreement is Terminated ...................................................................42 12.3 Allocation of Monies in the Trust Account Following Termination .......................43 12.4 Survival of Provisions After Termination ................................................................43 SECTION 13 - MISCELLANEOUS .............................................................................................44 13.1 Releasees Have No Liability for Administration .....................................................44 13.2 Motions for Directions .............................................................................................44 13.3 Further Acts ..............................................................................................................44 13.4 Publicity ...................................................................................................................45 13.5 Destruction of Documents ........................................................................................46 13.6 Headings, etc. ...........................................................................................................46 13.7 Computation of Time ...............................................................................................47 13.8 Ongoing Jurisdiction ................................................................................................47 13.9 Governing Law .........................................................................................................47 13.10 Entire Agreement .....................................................................................................48 13.11 Amendments and Waivers .......................................................................................48 13.12 Binding Effect ..........................................................................................................48 13.13 Counterparts .............................................................................................................49 13.14 Negotiated Agreement ..............................................................................................49 13.15 Language ..................................................................................................................49 13.16 Transaction ...............................................................................................................50 13.17 Recitals .....................................................................................................................50 13.18 Schedules ..................................................................................................................50 13.19 Notice .......................................................................................................................50 13.20 Acknowledgements ..................................................................................................52 13.21 Authorized Signatures ..............................................................................................53 SCHEDULE “A” ...........................................................................................................................55 SCHEDULE “B” ...........................................................................................................................74 SCHEDULE “C” ...........................................................................................................................82 {11005-001/00789904.2} - 1 - CANADIAN CREDIT CARD FEES CLASS ACTION NATIONAL SETTLEMENT AGREEMENT RECITALS A. WHEREAS the Plaintiffs have commenced and prosecuted the Canadian Proceedings in the Courts and allege that the Settling Defendants participated in the Alleged Conduct, and the Plaintiffs claim class-wide damages allegedly caused as a result of the Alleged Conduct, as well as equitable relief; B. AND WHEREAS, through their participation in the Visa network, the Mastercard network or both, the Settling Defendants received Interchange Fees in Canada during the Class Period; C. AND WHEREAS the Settling Defendants believe that they are not liable in respect of the Alleged Conduct, and believe they have good and valid