Exhibit 10.1

AMENDMENT NO. 4 TO CREDIT AGREEMENT

This AMENDMENT NO. 4 TO CREDIT AGREEMENT (this “Amendment”), dated as of June
30, 2016, is by and among ENOVA INTERNATIONAL, INC., a Delaware corporation (the
“Borrower”), the Guarantors (as defined in the Credit Agreement), the Required
Lenders (as defined in the Credit Agreement) and JEFFERIES FINANCE LLC, as
administrative agent for the Lenders hereunder (in such capacity, the
“Administrative Agent”).  Capitalized terms used herein and not otherwise
defined herein shall have the meanings ascribed thereto in the Credit Agreement
(as defined below).

W I T N E S S E T H

WHEREAS, the Borrower, the Guarantors, the Lenders and the Administrative Agent
are parties to that certain Credit Agreement dated as of May 14, 2014 (as
amended by that certain Amendment to Credit Agreement dated as of March 25,
2015, Amendment No. 2 to Credit Agreement dated as of November 5, 2015,
Amendment No. 3 and Revolving Commitment Increase dated as of December 29, 2015
and as has been further amended, restated, supplemented or otherwise modified
from time to time, the “Credit Agreement”);

WHEREAS, the Credit Parties have requested that the Lenders amend certain
provisions of the Credit Agreement;

WHEREAS, the Lenders party hereto are willing to make such amendments to the
Credit Agreement, in accordance with and subject to the terms and conditions set
forth herein; and

WHEREAS, the Lenders party hereto constitute the Required Lenders and such
Lenders hereby notify the other parties hereto of their consent to this
Amendment;

NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and
for other good and valuable consideration, the receipt and adequacy of which are
hereby acknowledged, the parties hereto agree as follows:

ARTICLE I

AMENDMENTS TO CREDIT AGREEMENT

 

1.1 Section 6.18(a) is hereby amended by inserting, after the text “, excluding
the fiscal quarters ending December 31, 2015 and March 31, 2016, for which the
Borrower shall not permit the Leverage Ratio to be greater than 3.75 to 1.00”,
the text “and excluding (i) the fiscal quarter ending June 30, 2016, for which
the Borrower shall not permit the Leverage Ratio to be greater than 4.00 to 1.00
and (ii) the fiscal quarters ending September 30, 2016 and December 31, 2016,
for which the Borrower shall not permit the Leverage Ratio to be greater than
3.50 to 1.00”.

ARTICLE II

CONDITIONS TO EFFECTIVENESS

 

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2.1Closing Conditions.  This Amendment shall become effective upon the
satisfaction of the following conditions (the date upon which such conditions
are satisfied, the “Amendment Effective Date”): 

(a)Executed Amendments.  The Administrative Agent shall have received a copy of
this Amendment duly executed by each of the Credit Parties and Lenders
constituting the Required Lenders.

(b)Default.  After giving effect to this Amendment, no Default or Event of
Default shall exist.

(c)Miscellaneous.  All other documents and legal matters required in connection
with the transactions contemplated by this Amendment shall be reasonably
satisfactory in form and substance to the Administrative Agent and its counsel.

ARTICLE III

MISCELLANEOUS

3.1 Effect of Amendment.  (a) Except as expressly set forth herein, this
Amendment shall not by implication or otherwise limit, impair, constitute a
waiver of or otherwise affect the rights and remedies of the Lenders or the
Administrative Agent under the Credit Agreement or any other Credit Document,
and shall not alter, modify, amend or in any way affect any of the terms,
conditions, obligations, covenants or agreements contained in the Credit
Agreement or any other Credit Document, all of which are ratified and affirmed
in all respects and shall continue in full force and effect.  Nothing herein
shall be deemed to entitle any Credit Party to a consent to, or a waiver,
amendment, modification or other change of, any of the terms, conditions,
obligations, covenants or agreements contained in the Credit Agreement or any
other Credit Document in similar or different circumstances.  Each Credit Party
hereby ratifies the Credit Agreement and acknowledges and reaffirms (i) that it
is bound by all terms of the Credit Agreement applicable to it and (ii) that it
is responsible for the observance and full performance of its respective
Obligations.

(b)On and after the Amendment Effective Date, each reference in the Credit
Agreement to “this Agreement”, “hereunder”, “hereof”, “herein”, or words of like
import, and each reference to the Credit Agreement in any other Credit Document
shall be deemed a reference to the Credit Agreement as amended hereby.  This
Amendment shall constitute a “Credit Document” for all purposes of the Credit
Agreement and the other Credit Documents.

3.2Representations and Warranties.  The Credit Parties hereby represent and
warrant as follows:

(a)The execution, delivery and performance by each Credit Party of this
Amendment to which such Person a party has been duly authorized by all necessary
corporate or other organizational action, and do not and will not (i) contravene
the terms of any of such Person’s Organization Documents; (ii) materially
conflict with or result in the breach or contravention of, or the creation of
any Lien under, any material Contractual Obligation to which such Person is a
party or any order, injunction, writ or decree of any Governmental Authority to
which such Person or its Property is subject; or (iii) violate any Law.

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(b)No approval, consent, exemption, authorization, or other action by, or notice
to, or filing with, any Governmental Authority is necessary or required in
connection with the execution, delivery or performance by, or enforcement
against, any Credit Party of this Amendment. 

(c)This Amendment has been duly executed and delivered by each Credit Party that
is party hereto.  This Amendment constitutes a legal, valid and binding
obligation of such Credit Party, enforceable against each Credit Party that is
party thereto in accordance with its terms, subject as to enforcement of
remedies to (i) any Debtor Relief Laws and (ii) general principles of equity,
whether applied by a court of law or equity.

(d)The representations and warranties set forth in Article III of the Credit
Agreement are true and correct as of the date hereof (except for those which
expressly relate to an earlier date).

(e)No Default or Event of Default has occurred and is continuing or would result
from the consummation of the transactions contemplated by this Amendment.

3.3Entire Agreement.  This Amendment and the other Credit Documents represent
the final agreement among the parties pertaining to the subject matter hereof
and may not be contradicted by evidence of prior, contemporaneous, or subsequent
oral agreements of the parties.  There are no unwritten oral agreements among
the parties.

3.4Expenses. In each case subject to the limitations on reimbursement of costs
and expenses set forth in Section 9.5 of the Credit Agreement, the Borrower
agrees to reimburse the Administrative Agent for its reasonable and documented
out-of-pocket expenses incurred by the Administrative Agent in connection with
this Amendment, including the reasonable fees, charges and disbursements of
Davis Polk & Wardwell LLP, counsel for the Administrative Agent.

3.5Counterparts.  This Amendment may be executed in counterparts (and by
different parties hereto in different counterparts), each of which shall
constitute an original, but all of which when taken together shall constitute a
single contract.  Delivery of an executed counterpart of a signature page of
this Amendment by telecopy or email shall be effective as delivery of a manually
executed counterpart of this Amendment.

3.6No Actions, Claims, Etc.  As of the date hereof, each of the Credit Parties
hereby acknowledges and confirms that it has no knowledge of any actions, causes
of action, claims, demands, damages and liabilities of whatever kind or nature,
in law or in equity, against the Administrative Agent, the Lenders, or the
Administrative Agent’s or the Lenders’ respective officers, employees,
representatives, agents, counsel or directors arising from any action by such
Persons, or failure of such Persons to act, under the Credit Agreement on or
prior to the date hereof.

3.7Governing Law.  This Amendment, and any claim, controversy or dispute arising
out of or relating to this Amendment, shall be governed by, and construed in
accordance with, the laws of the State of New York.

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3.8Consent to Jurisdiction; Service of Process; Venue; Waiver of Jury
Trial.  The provisions of Sections 9.13 and 9.16 of the Credit Agreement are
hereby incorporated by reference, mutatis mutandis. 

3.9Headings.  The headings of this Amendment are for purposes of reference only
and shall not limit or otherwise affect the meaning hereof.

[REMAINDER OF PAGE INTENTIONALLY LEFT BLANK]

 

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IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be duly
executed and delivered by its proper and duly authorized officers as of the day
and year first above written.

BORROWER:  

ENOVA INTERNATIONAL, INC.,
a Delaware corporation

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

 

GUARANTORS:

ENOVA ONLINE SERVICES, INC.
CNU DOLLARSDIRECT INC.
CNU DOLLARSDIRECT LENDING INC.
MOBILE LEASING GROUP, INC.
ENOVA FINANCIAL HOLDINGS, LLC
CNU ONLINE HOLDINGS, LLC
DEBIT PLUS, LLC
BILLERS ACCEPTANCE GROUP, LLC

 

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President of each of the foregoing

 

DP LABOR HOLDINGS, LLC

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

[Signature Page to Amendment No. 4]

 

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CNU OF ALABAMA, LLC
CNU OF ALASKA, LLC

CNU OF ARIZONA, LLC
CNU OF CALIFORNIA, LLC
CNU OF COLORADO, LLC
CNU OF DELAWARE

CNU OF FLORIDA, LLC

CASHNETUSA OF FLORIDA, LLC

CNU OF HAWAII, LLC

CNU OF IDAHO, LLC

CNU OF ILLINOIS, LLC

CNU OF INDIANA, LLC

CNU OF KANSAS, LLC

CNU OF LOUISIANA, LLC

CNU OF MAINE, LLC

CASHNET CSO OF MARYLAND, LLC

CNU OF MICHIGAN, LLC

CNU OF MINNESOTA, LLC

CNU OF MISSISSIPPI, LLC

CNU OF MISSOURI, LLC

CNU OF MONTANA, LLC

CNU OF NEVADA, LLC

CNU OF NEW HAMPSHIRE, LLC

CNU OF NEW MEXICO, LLC

By:

CNU Online Holdings, LLC,

The sole member of each of the foregoing entities

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

[Signature Page to Amendment No. 4]

 

 

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CNU OF NORTH DAKOTA, LLC

CNU OF OHIO, LLC

OHIO CONSUMER FINANCIAL SOLUTIONS, LLC

CNU OF OKLAHOMA, LLC

CNU OF OREGON, LLC

CNU OF RHODE ISLAND, LLC

CNU OF SOUTH CAROLINA, LLC

CNU OF SOUTH DAKOTA, LLC

CNU OF TENNESSEE, LLC

CNU OF TEXAS, LLC

CNU OF UTAH, LLC

CNU OF VIRGINIA, LLC

CNU OF WASHINGTON, LLC

CNU OF WISCONSIN, LLC

CNU OF WYOMING, LLC

DOLLARSDIRECT, LLC

CNU TECHNOLOGIES OF IOWA, LLC

HEADWAY CAPITAL, LLC

CASHEURONET UK, LLC

EURONETCASH, LLC

ENOVA BRAZIL, LLC

AEL NET MARKETING, LLC

ENOVA INTERNATIONAL GEC, LLC

AEL NET OF MISSOURI, LLC

NC FINANCIAL SOLUTIONS, LLC

TENNESSEE CNU, LLC

NETCREDIT LOAN SERVICES, LLC (F/K/A ENOVA LENDING SERVICES, LLC)

NETCREDIT FINANCE, LLC

ENOVA FINANCE 2, LLC

ENOVA FINANCE 3, LLC

ENOVA FINANCE 4, LLC

ENOVA FINANCE 5, LLC

 

By:

CNU Online Holdings, LLC,

The sole member of each of the foregoing entities

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

[Signature Page to Amendment No. 4]

 

 

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NC FINANCIAL SOLUTIONS OF ALABAMA, LLC

NC FINANCIAL SOLUTIONS OF ARIZONA, LLC

NC FINANCIAL SOLUTIONS OF CALIFORNIA, LLC

CREDITME, LLC

NC FINANCIAL SOLUTIONS OF DELAWARE, LLC

NC FINANCIAL SOLUTIONS OF FLORIDA, LLC

NC FINANCIAL SOLUTIONS OF GEORGIA, LLC

NC FINANCIAL SOLUTIONS OF IDAHO, LLC

NC FINANCIAL SOLUTIONS OF ILLINOIS, LLC

NC FINANCIAL SOLUTIONS OF INDIANA, LLC

NC FINANCIAL SOLUTIONS OF KANSAS, LLC

NC FINANCIAL SOLUTIONS OF LOUISIANA, LLC

NC FINANCIAL SOLUTIONS OF MARYLAND, LLC

NC FINANCIAL SOLUTIONS OF MISSISSIPPI, LLC

NC FINANCIAL SOLUTIONS OF MISSOURI, LLC

NC FINANCIAL SOLUTIONS OF MONTANA, LLC

NC FINANCIAL SOLUTIONS OF NEVADA, LLC

NC FINANCIAL SOLUTIONS OF NEW HAMPSHIRE, LLC

NC FINANCIAL SOLUTIONS OF NEW JERSEY, LLC

NC FINANCIAL SOLUTIONS OF NEW MEXICO, LLC

NC FINANCIAL SOLUTIONS OF NORTH DAKOTA, LLC

NC FINANCIAL SOLUTIONS OF OHIO, LLC

NC FINANCIAL SOLUTIONS OF OREGON, LLC

NC FINANCIAL SOLUTIONS OF RHODE ISLAND, LLC

NC FINANCIAL SOLUTIONS OF SOUTH CAROLINA, LLC

NC FINANCIAL SOLUTIONS OF SOUTH DAKOTA, LLC

NC FINANCIAL SOLUTIONS OF TENNESSEE, LLC

NC FINANCIAL SOLUTIONS OF TEXAS, LLC

NC FINANCIAL SOLUTIONS OF UTAH, LLC

NC FINANCIAL SOLUTIONS OF VIRGINIA, LLC

NC FINANCIAL SOLUTIONS OF WISCONSIN, LLC

 

By:

NC Financial Solutions, LLC

The sole member of each of the foregoing entities

 

 

By:

 

 

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Manager of Sole Member

 

[Signature Page to Amendment No. 4]

 

 

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DEBIT PLUS TECHNOLOGIES, LLC

DEBIT PLUS SERVICES, LLC

DEBIT PLUS PAYMENT SOLUTIONS, LLC

 

 

By:

Debit Plus, LLC,

The sole member of each of the foregoing entities

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

[Signature Page to Amendment No. 4]

 

 

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CASHNETUSA CO LLC

CASHNETUSA OR LLC

THE CHECK GIANT NM LLC

 

By:

By:

CNU of New Mexico, LLC,

Manager of each of the foregoing entities
CNU Online Holdings, LLC,

The sole member of each of the foregoing entities

 

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

ENOVA DECISIONS, LLC (F/K/A ENOVALYTICS, LLC)

ENOVACO, LLC

ENOVA BUSINESS, LLC

 

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

THE BUSINESS BACKER, LLC

 

By:CNU Online Holdings, LLC,
Manager of the foregoing entity

 

By:

/s/ Lisa M. Young

 

Name:Lisa M. Young

 

Title:Vice President

 

 

 

 

[Signature Page to Amendment No. 4]

 

 

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ADMINISTRATIVE AGENT:

JEFFERIES FINANCE LLC, as Administrative Agent on behalf of the Lenders

By:

/s/ J. Paul McDonnell

 

Name:J. Paul McDonnell

 

Title:Managing Director

 

LENDERS:

JEFFERIES GROUP LLC, as a Lender

By:

/s/ Mark Sahler

 

Name:Mark Sahler

 

Title:Managing Director

 

[Signature Page to Amendment No. 4]