Digital Finance and Marketplace Lending REPRESENTATIVE TRANSACTIONS

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1 Digital Finance and Marketplace Lending REPRESENTATIVE TRANSACTIONS

2 Celebrating another banner year in fintech.

3 BFS Capital Warehouse Line of Credit and BlockFi Launch of Consumer Loan Platform Counsel to BFS Capital January 2018 Counsel to BlockFi October 2017 BlueVine Capital Debt Financings $205 million Counsel to BlueVine Capital February 2017 Bond Street Loan Purchase Agreement, Loan Servicing Agreement and Securitization $400 million Counsel to Bond Street February 2017 Bond Street Sale to Goldman Sachs CircleUp Whole Loan Purchase Financing $100 million Counsel to Bond Street October 2017 Counsel to CircleUp January 2017 Climb Credit Loan Purchase Facility CNote Group Regulation A+ Offering $100 million $50 million Counsel to Climb Credit November 2017 Counsel to CNote Group 1

4 Cross River Bank Groundfloor Finance Regulation A+ Offering Counsel to Cross River Bank Counsel to Groundfloor Finance February 2018 Haitou Global Loan Facility and Launch of U.S. Platform $50 million Counsel to Haitou Global September 2017 Idea 247 Launch of Multiple Financial Products Counsel to Idea 247 Lendeavor Flow Loan Purchase Agreement Lidya Holdings Venture Note Offering and Series A Financing Counsel to Seller August 2017 Counsel to Lidya Holdings and March 2018 LiftForward Senior Secured Revolving Credit Facility $100 million Counsel to LiftForward May 2017 MoneyLion Formation of Invest in America Fund I and Extension Funds Counsel to MoneyLion November

5 P2Binvestor Inc. Unitranche Joint Venture Facility Pagaya Technologies, Ltd. Debt Financing $100 million $75 million Counsel to P2Binvestor June 2017 Counsel to Borrower and Guarantor November 2017 Payfully Corp. Phoenix Finance Loan Facilities and Formation and Launch of U.S. Platform Counsel to Payfully Counsel to Phoenix Finance Roc Capital Commercial Lending Activities in U.S. and Continuous Sale of Mortgage Loans Sharestates, LLC Debt and Equity Structuring Transactions Counsel to Roc Capital Counsel to Sharestates November 2017 and March 2018 Snap Capital Sale to LendingTree Sunbit Inc. General Corporate Representation Counsel to Snap Capital September 2017 Counsel to Sunbit 3

6 The Credit Junction Strategic Counsel TradeRiver USA Credit Facility Extension Counsel to The Credit Junction January 2017 Counsel to TradeRiver November 2017 UpLift Inc. Loan Purchase Facility and Launch of Loan Sales Platform $100 million Counsel to UpLift Varo Money Series B Financing $45 million Counsel to Varo Money January 2018 Verbhouse Platform Launch and Equity Financing Weeshing Inc. Platform Launch and Counsel to Verbhouse February 2018 Counsel to Weeshing Wunder Capital Fund Formation and Zibby Senior Preferred Equity Financing and Counsel to Wunder Capital Counsel to Zibby 4

7 Digital Finance and Marketplace Lending Innovation occurs daily in the digital finance and marketplace lending world. In just a few years, the marketplace lending industry has become a multibilliondollar global alternative lending sector. Originated loans and credit products are actively sold to investors through marketplaces, whole loan facilities and securitization. We have a world-class, six-continent fintech practice. Manatt works with over 150 established platforms and investors to raise capital to support consumer and small business lending, alternative credit and point-of-sale products, and real estate development and smaller projects. We also work with token and cryptocurrency issuers and traders in advising on best practices to mitigate legal and regulatory risk. Our lawyers and professionals know the legal and regulatory traps and can help you navigate your business in a cost-effective manner. Our team works with platforms, investors, fund sponsors and service providers in the space to provide a comprehensive solution. We tailor legal solutions to align with your specific business objectives and market constraints. From the start, we ll work with you hands on to perform a customized, risk-based assessment and develop an action plan to get and keep your organization moving as efficiently as possible. Our lawyers are recognized thought leaders in the space, speaking and writing throughout the year at and for the most authoritative events and publications. One of our partners is the chair of the prestigious Practising Law Institute Alternative Finance Summit, a one-of-a-kind assembly of attorneys who speak and write regarding the most pressing legal issues in the industry. We have also been honored by Chambers Global and other legal ratings services. We also have regular dialogues with federal and state legislators and regulators to keep you apprised of continuing developments and advise you on best practices. CONTACTS: Brian Korn bkorn@manatt.com Neil Faden nfaden@manatt.com Philip Liu pliu@manatt.com Craig Miller cmiller@manatt.com Charles Washburn cwashburn@manatt.com SERVICES: Securities and state blue-sky laws Venture capital Bank regulatory Investment advisory Broker-dealer Lender licensing Bank/warehouse finance Fund formation Intellectual property Digital media Privacy and data security Securitization Tax, employee benefits and labor 5

8 Attorney Advertising. Prior results do not guarantee a similar outcome. Albany Chicago Los Angeles New York Orange County Palo Alto Sacramento San Francisco Washington, D.C. Manatt, Phelps & Phillips, LLP manatt.com 2018