Digital Finance and Marketplace Lending REPRESENTATIVE TRANSACTIONS

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1 Digital Finance and Marketplace Lending REPRESENTATIVE TRANSACTIONS

2 Converting ones and zeros into dollars and sense.

3 ArborCrowd Holding Company Formation of Real Estate Equity Crowdfunding Platform and Structure Investor Documents and Disclosure Agreements Counsel to ArborCrowd Holding Company Bolstr Platform Launch and Regulatory Counsel Counsel to Bolstr Ongoing Bond Street Loan Purchase Agreement, Loan Servicing Agreement and Securitization $400 million Counsel to Bond Street February 2017 CircleUp Whole Loan Purchase Financing $100 million Counsel to CircleUp Coastland Capital Warehouse Debt Facilities and Loan Purchases $60 million Credibly Loan Purchase $20 million Counsel to Originator 1

4 CreditEase Loan Purchase Cross River Bank Regulatory Advice for Online Lending Platforms $50 million Counsel to Purchaser July 2016 Counsel to Cross River Bank Ongoing CrowdOut Capital Aggregate Loan Transactions LendingHome Corporation Special Purpose Vehicle With Trust Indenture $75 million Counsel to Lender Counsel to LendingHome LiftForward Warehouse Debt Facility $100 million MoneyLion Warehouse Debt Facility and Formation of Invest in America Fund $600 million November 2016 Counsel to MoneyLion September

5 PayJoy Formation of Special-Purpose Funds Phoenix Finance Platform Launch and Formation of U.S. Investment Fund $6 million Counsel to Funds and Advisor Counsel to Phoenix Finance StreetShares SEC Qualified Regulation A+, Tier 2 Raise The Credit Junction Secured Financing and Equity $50 million Counsel to Issuer February 2016 The Credit Junction Senior Preferred Equity and Warehouse Line of Credit Zibby Secured Financing $150 million December

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7 Digital Finance and Marketplace Lending In just a few years the marketplace lending industry has become a multibillion-dollar global alternative lending sector. Loans that are originated are either sold to individual investors or sold as whole loans to institutions essentially a form of debt crowdfunding. Innovation occurs daily in the digital finance and marketplace lending world. 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 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 to perform a customized risk-based assessment and action plan to get and keep your organization moving as efficiently as possible. Our lawyers are recognized thought leaders in the space, working with several established crowdfunding platforms and investors to raise capital to support small businesses, real estate development and smaller projects. One of our partners serves as the chair of the prestigious PLI Conference on Marketplace Lending and Crowdfunding and the American Banker Marketplace Lending Conference. CONTACTS: Brian Korn bkorn@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 2017