Silicon Valley Bank Subordination Agreement

8. Oktober 2021

This amended credit agreement includes increased availability under a revolving credit facility, which matures on April 1, 2022, and a temporary loan facility that matures 48 months after the current drawdown date. Proceeds from the fixed-term loans will be used to repay the company`s existing $5 million subordinated debt, in the amount of 12%, and for general purposes. TORONTO AND NEW YORK, 15 YEARS OLD. April 2020 /CNW/ – AcuityAds Holdings Inc. (TSX: AT, OTCQX: ACUIF) („AcuityAds“ or „Enterprise“), a technology leader that offers targeted digital media solutions that enable advertisers to intelligently connect with audiences through all digital advertising channels, is pleased to announce that it has entered into an amended credit and security agreement with Silicon Valley Bank. the Bank of the World`s Most Innovative Companies. This amended loan agreement provides AcuityAdskapital with up to approximately $21.85 million, an increase of US$18 million, for working capital and general purposes, subject to customary conditions. „We are very pleased to develop our close relationship with Silicon Valley Bank and greatly appreciate their support and confidence in us,“ commented Tal Hayek, Chief Executive Officer of AcuityAds. „This new agreement allows us to pay our subordinated debt in advance at higher interest rates, significantly reduce our interest expenses, extend the life of our credit facility and strengthen our overall financial position.“ Venture Debt is the subject of wide debate in startup circles, but often misunderstood. At Silicon Valley Bank, we work with more than half of U.S.

venture capital-backed companies and a growing customer base in global innovation centers outside the U.S. SVB has provided banking and lending services to thousands of start-up companies and Venture Debt has been a central part of our lending practices for decades. We`ve put together this list of frequently asked questions about Venture Debt to explain the basics. . Disclaimer of Liability for Forward-Looking StatementsRepresentations contained in this statement constitute „forward-looking statements“ within the meaning of applicable securities legislation. Forward-looking statements are necessarily based on a series of estimates and assumptions that, while deemed appropriate by management at this time, are inherently subject to significant commercial, economic and competitive uncertainties and contingencies. . .

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