Ms. Irene Eddy reports

ACCORD FINANCIAL CONFIRMS AMENDMENTS TO CONVERTIBLE DEBENTURES

Accord Financial Corp. has made the following amendments to its 7 per cent convertible unsecured subordinated debentures issued on Dec. 18, 2018, and due Dec. 31, 2023, effective today:

1. Extending the maturity date of the debentures from Dec. 31, 2023, to Jan. 31, 2026;
2. Removing the conversion right of the debentureholders;
3. Removing the company's right to repay the principal amount of the debentures in common shares of the company on the new maturity date or any redemption date;
4. Providing that the debentures are not redeemable prior to Feb. 1, 2024, except in the event of a change of control.

Additionally, effective on Jan. 2, 2024, the interest rate of the debentures will be increased from 7 per cent to 10 per cent.

The debentures will continue to trade on the Toronto Stock Exchange under the trading symbol ACD.DB.

Accord has entered into a second supplemental indenture with Computershare Trust Company of Canada dated Aug. 15, 2023, which in conjunction with the trust indenture dated Dec. 18, 2018, governs the debentures. A copy of the second supplemental indenture is located under the company's profile on SEDAR+.

About Accord Financial Corp.

Accord is North America's most dynamic commercial finance company, providing fast, versatile financing solutions for companies in transition, including asset-based lending, factoring, equipment leasing, inventory finance, trade finance and film/media finance. By leveraging its unique combination of financial strength, deep experience and independent thinking, it crafts winning financial solutions for small- and medium-sized businesses, simply delivered, so its clients can thrive. For 45 years, Accord has helped businesses manage their cash flows and maximize opportunities.

We seek Safe Harbor.