Seventh Amending Agreement, dated as of January 15, 2020 by and between First Insurance Funding of Canada Inc. and CIBC Mellon Trust, in its capacity as trustee of Plaza Trust, by its Financial Service Agent, Royal Bank of Canada

This Seventh Amending Agreement made as of January 15, 2020.

(hereinafter referred to as the “Seller” or the “Servicer”)

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CIBC MELLON TRUST COMPANY, in its capacity as trustee of PLAZA TRUST,

(hereinafter referred to as the “Purchaser”)

WHEREAS the parties hereto are parties to a receivables purchase agreement dated as of December 16, 2014 (as amended by amending agreements dated December 15, 2015, September 9, 2016, December 15, 2017, June 29, 2018, February 15, 2019 and May 27, 2019, the “RPA”);

AND WHEREAS the parties hereto have agreed to     further amend the RPA;

NOW THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto agree as follows:

“Delinquent Receivable” means a Receivable as to which any payment, or part thereof, remains unpaid for a period of 61 or more days and 90 or fewer days from the original due date for such payment.

The amendments provided for in this Seventh Amending Agreement shall take effect such that the average of the Delinquency Ratios for three consecutive Reporting Periods calculated as at the end of December 2019 for the purposes of Section 7.1(b)(ii) of the RPA (and at the end of each Reporting Period thereafter) shall be calculated giving effect to the amendments provided for in this Seventh Amending Agreement in respect of the calculations for all three Reporting Periods included in such average notwithstanding that all or part of such Reporting periods may precede the date of this this Seventh Amending agreement.

IN WITNESS WHEREOF the parties have caused this Seventh Amending Agreement to be executed by their respective duly authorized officers as of the date first above written.