The RBC funds will be used for existing debt refinancing, future working capital needs, and general corporate purposes. Following this refinancing the Company will reduce its term debt costs by over 8%. Additional financing terms are: Three year $23 million Line of Credit priced at BA + 2.85%. The Line of Credit borrowing base is secured by outstanding accounts receivable and up to $6 million of work in progress. The company can borrow or repay amounts on the Line of Credit prior to maturity at its discretion and is not subject to repayment fees; Five year $12 million Term Loan priced at BA + 2.85%. The Term Loan is amortizing on a straight-line basis over eight years, with a bullet payment at loan maturity. The Term Loan is repayable prior to maturity at the discretion of the Company and is not subject to repayment fees; RBC will be Distinct's primary bank partner and will have senior security and first ranking GSA on all assets Covenants include leverage (Net Funded Debt/EBITDA) of no more than 4.25x; stepping down to 3.5x as at December 31, 2017, and 3.0x thereafter. Net funded debt includes all interest bearing debt, including subordinated debt, less cash on hand. As well, the company is subject to a debt service covenant of 1.10x, stepping up to 1.25x as at December 31, 2017.