Please read these terms carefully.
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White Hat Financial Inc. (together with its successors and assigns, the “Lender”) may, in its sole and absolute discretion, offer any person that has entered into a personal loan agreement with the Lender as a borrower (the “Borrower”), following the Final Payment Date, certain cash rewards in lawful money of Canada (collectively, the “Rewards”).  The Lender may Allocate such Rewards to the Borrower during the Term on a monthly basis or at such other times as determined by the Lender in its sole and absolute discretion from time to time, if the Borrower consistently, on a periodic basis as determined by the Lender in its sole and absolute discretion from time to time, satisfies certain conditions to the Lender’s sole satisfaction, including, but not limited to (i) making all Payments on time, (ii) making all debt and payment obligations on time (in each case, other than in respect of the Loan), (iii) making all utility payments on time, (iv) no additional incurrence of any indebtedness, (v) maintaining remaining debt levels (credit utilization), and (vi) no decrease in the credit score of the Borrower (collectively, the “Conditions” and each a “Condition”).  If any one or more of the Conditions are not satisfied during any particular period, no new Rewards shall be Allocated to the Borrower during such period. The determination by the Lender to Allocate any Rewards based on the Lender’s review of the Conditions on a periodic basis during the Term shall be made by the Lender in its discretion, acting reasonably.  In making its determination to Allocate any Rewards to the Borrower and with respect to its review and confirmation of the Conditions, the Lender shall conduct a periodic review of the Borrower’s ongoing and historical creditworthiness, including running a periodic credit inquiry of the Borrower from time to time at the Lender’s discretion, reviewing any credit score of the Borrower and any changes in the Borrower’s creditworthiness over the period in respect of such review.  If, following any periodic review of the Borrower by the Lender and the Lender subsequently Allocating certain Rewards to the Borrower in respect of such periodic review, the Lender later discovers through a subsequent credit inquiry or by other means that the Borrower did not in fact satisfy any one or more of the Conditions during such prior period, the Lender may, without notice, deduct such Rewards previously Allocated to the Borrower. The creditworthiness of the Co-signor, if any, shall not impact the ability of the Borrower to be Allocated Rewards. The aggregate maximum dollar value of the Rewards that can be Allocated by the Borrower during the Term shall not exceed ten percent (10%) of the aggregate principal amount of the Loan (the “Maximum Aggregate Rewards Limit”), provided that such Maximum Aggregate Rewards Limit is subject to change from time to time at the Lender’s sole discretion upon notice to the Borrower.  In no event shall any Rewards that have been Allocated to the Borrower become payable to the Borrower until a final determination is made by the Lender following the Final Payment Date.  For the avoidance of doubt, in no event shall any Rewards be paid to the Borrower during the Term.  Further, in no event shall any Rewards be Allocated to any account (including any bank account) during the Term other than the Borrower’s online portal maintained by the Lender.  The Rewards shall not constitute cash until such Rewards, if any, become payable to the Borrower following final determination by the Lender following the Final Payment Date.  If at any time during the Term, the Borrower breaches any term, obligation or covenant under the Agreement, the Terms of Use posted on www.myparachute.co/terms-of-use (or such other URL as the Lender may notify you and which may be amended by the Lender from time to time) or under any other terms or conditions agreed to by the Borrower from time to time in connection with the Agreement (collectively, the “Terms”), the Rewards that have been Allocated to the Borrower at such time, if any, shall immediately terminate and revert back to the Lender, without notice to the Borrower.  Further documentation may be requested from the Borrower from time to time in order to confirm the Borrower’s eligibility for Rewards.  Rewards are not guaranteed and the Lender reserves the right to cancel, amend or change the terms and conditions hereunder, including, without limitation, the Conditions and the Maximum Aggregate Rewards Limit, at any time with notice to the Borrower, provided that any Rewards that have been Allocated to the Borrower at the time of cancellation, amendment or change, shall continue to be Allocated to the Borrower unless the Borrower falls out of compliance with the Terms, following which any such Rewards that have been Allocated to the Borrower at such time shall immediately terminate and revert back to the Lender.  If, following the Final Payment Date and final review and determination by the Lender, the Lender determines that any Rewards that have been Allocated to the Borrower are payable to the Borrower, the Lender shall transfer such Rewards by electronic or similar means to a bank account of the Borrower promptly following such determination.  Any Rewards that become payable to the Borrower hereunder shall only be payable in Canadian dollars (unless otherwise agreed to by the Lender in its sole discretion).  In no event shall Rewards be transferable to any person other than the Borrower.  The Borrower shall be responsible for ensuring that it has a bank account open in the Borrower’s name and into which any Rewards that become payable can be transferred by the Lender.  In no event shall the Lender be responsible for any fees associated with the transfer of any Rewards to the Borrower that become payable.  For the purposes of this paragraph, the term “Allocate” shall mean the display of Rewards in the Borrower’s online portal (not any bank account) maintained by the Lender which may, subject to the terms of the Agreement, become payable to the Borrower following the Final Payment Date; provided, for greater certainty, that the Allocation of Rewards to the Borrower does not mean they are earned by or payable to the Borrower.  Capitalized terms not otherwise defined herein shall have the meaning given to such terms in the personal loan agreement entered into among the Borrower and the Lender (the “Agreement”).