THIRTY SEVENTH AMENDMENT TO
SECURED SENIOR LENDING AGREEMENT BY AND BETWEEN
PIONEER FINANCIAL SERVICES, INC., PSLF, INC., PIONEER SERVICES SALES FINANCE,
INC., AND PIONEER FUNDING, INC. AND SUBSIDIARIES (COLLECTIVELY, THE “BORROWERS”)

AND

UMB BANK, N.A., ARVEST BANK, COMMERCE BANK, N.A., FIRST BANK, TEXAS CAPITAL
BANK, N.A., BMO HARRIS BANK N.A., FIRST CITIZENS BANK, BANCFIRST, CITIZENS BANK
& TRUST, ENTERPRISE BANK AND
TRUST, STIFEL BANK & TRUST, SUNFLOWER BANK, N.A., BANK OF BLUE VALLEY, ONB BANK
AND TRUST COMPANY, THE PRIVATE BANK AND TRUST COMPANY, BANK MIDWEST, A DIVISION
OF NBH BANK, N.A., WILLIAM D. SULLIVAN FAMILY INVESTMENT GROUP, LLC.
(COLLECTIVELY, THE “VOTING BANKS”) AND
PARKSIDE FINANCIAL BANK & TRUST, CROSSFIRST BANK, PAGE COUNTY STATE BANK,
CROSSFIRST BANK LEAWOOD, PEOPLES COMMUNITY STATE BANK, FIRST STATE BANK & TRUST
CO. OF LARNED, UNITED BANK OF KANSAS, MACON ATLANTA STATE BANK, PEOPLES
COMMUNITY BANK, BLUE RIDGE BANK AND TRUST CO., FIRST COMMUNITY BANK, GUARANTY
BANK, ONB BANK AND
TRUST COMPANY, ALTERRA BANK, FIRST FEDERAL SAVINGS BANK OF CRESTON FSB, HAWTHORN
BANK AND LYON COUNTY STATE BANK
(COLLECTIVELY, THE “NON-VOTING BANKS”) AND
UMB BANK, N.A. (“AGENT”) DATED AS OF May 5, 2014

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THIRTY SEVENTH AMENDMENT TO SECURED SENIOR LENDING AGREEMENT

This Thirty Seventh Amendment to Secured Senior Lending Agreement (the
“Amendment”) is made and is effective as of this 5th day of May, 2014 (the
“Effective Date”) by and between the following parties:
1. Pioneer Financial Services, Inc., a Missouri corporation (hereinafter
referred to as (“Pioneer”), PSLF, INC., a Missouri corporation (“PSLF”), Pioneer
Services Sales Finance, Inc., a Nevada corporation (“Sales Finance”) and Pioneer
Funding, Inc., a Nevada corporation (“Funding”) (All of Pioneer, PSLF, Sales
Finance and Funding, each being referred to individually as a “Borrower” and
collectively as the “Borrowers”).
2. UMB Bank, N.A., a national banking association (“UMB”), Arvest Bank, an
Oklahoma banking corporation (“Arvest”), Commerce Bank, N.A., a national banking
association (“Commerce”), First Bank, a Missouri banking corporation (“FBM”),
Texas Capital Bank, N.A., a national banking association (“Texas”), BMO Harris
Bank N.A. (“BMO Harris”), First Citizens Bank, a Kentucky banking corporation
(“First Citizens”) BancFirst, an Oklahoma banking corporation (“BF”), Citizens
Bank & Trust, a Missouri corporation (“Citizens”), Enterprise Bank and Trust, a
Missouri Charter Trust Company (“Enterprise”), and Stifel Bank & Trust, a
Missouri banking corporation (“Stifel”), Sunflower Bank, N.A., a national
banking association (“Sunflower”), Bank of Blue Valley, a Kansas banking
corporation (“Blue Valley”), ONB Bank and Trust Company ("ONB"), The Private
Bank and Trust Company, an Illinois banking corporation, (“Private”) Bank
Midwest, A Division of NBH Bank, N.A., (“Midwest”) and William D. Sullivan
Family Investment Group, LLC., a Nevada limited liability company (“Sullivan
Investment”), (all of UMB, Arvest, Commerce, FBM, Texas, Southwest, First
Citizens, BF, Citizens, Enterprise, Stifel,

--------------------------------------------------------------------------------

Blue Valley, ONB Midwest, Private and Sullivan Investment each being hereinafter
referred to individually as a “Voting Bank” and collectively as the “Voting
Banks”);

3. Parkside Financial Bank & Trust, a Missouri corporation (“Parkside”),
CrossFirst Bank, a national banking association (“CrossFirst”), Page County
State Bank, a Missouri banking corporation (“Page”), CrossFirst Bank Leawood, a
Kansas banking corporation (“CrossFirst- Leawood”), Peoples Community State
Bank, a Missouri banking corporation (“Peoples Community”), First State Bank &
Trust Co. of Larned, a Kansas banking corporation (“First State- Larned”),
United Bank of Kansas, a Kansas banking corporation (“United”), Macon Atlanta
State Bank, a Missouri banking corporation (“Macon”), Peoples Community Bank, a
Missouri banking corporation (“Peoples Community”), Blue Ridge Bank and Trust
Co., a Missouri banking corporation (“Blue Ridge”), First Community Bank, a
Missouri banking corporation (“First Community”), Guaranty Bank, a Missouri
banking corporation (“Guaranty”), ONB Bank and Trust Company, an Oklahoma
corporation (“ONB”), Alterra Bank, a Kansas banking corporation (“Alterra”),
First Federal Savings Bank of Creston FSB, an Iowa corporation (“Creston”),
Hawthorn Bank, a Missouri banking corporation (“Hawthorn”), and Lyon County
State Bank, a Kansas banking corporation (“Lyon”) (all of Parkside, CrossFirst,
Page, CrossFirst-Leawood, Peoples-Community, First State-Larned, United, Macon,
Peoples Community, Blue Ridge, First Community, Guaranty, ONB, Alterra, Creston,
Hawthorn, and Lyon, each being hereinafter referred to individually as a
“Non-Voting Bank” and collectively as the “Non-Voting Banks”); and
4. UMB is hereinafter also sometimes referred to as “Agent” when it acts in its
capacity as Agent for the Banks.

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WHEREAS, Pioneer, Agent and certain of the Voting Banks entered into a Secured
Senior Lending Agreement among themselves originally dated as of June 12, 2009,
which has subsequently been amended by various amendments numbered 1 through 36
which modified certain of the terms

and added additional Voting Banks and Non-Voting Banks (collectively, “Banks”)
(hereinafter referred to, as previously amended, as the “Agreement”); and

WHEREAS, the Borrowers, Agent and each of the Banks desire to further amend the

Agreement by this Amendment; and
WHEREAS, the Borrowers hereby confirm that all notes, documents evidencing or
confirming the grant of liens and security interests and all other related
documents executed pursuant to the Agreement, except as otherwise expressly
amended by this Agreement, remain in full force and effect; and
WHEREAS, this Agreement may be amended in the manner described in this Amendment
upon the approval of the Voting Banks and without the approval of the Non-Voting
Banks; and
WHEREAS, the Borrowers, Agent and the Banks desire that all existing and future
extensions of credit by any of the Banks to the Borrowers be subject to the
terms and conditions of the Agreement as amended by this Amendment.
NOW, THEREFORE, in consideration of the mutual agreements of the parties hereto
and for other good and valuable consideration, receipt of which is hereby
acknowledged, the parties hereto agree as follows:

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SECTION 1

AMENDMENTS TO THE AGREEMENT
The following amendment is hereby made by deleting Section 6.15(i) of the
Agreement and replacing it with the following:

(i)    Senior Debt/Tangible Net Worth Ratio.    The

Borrowers will at no time permit their Senior Debt to exceed 3.5
times their Consolidated Tangible Net Worth, based on the Borrowers’
then-outstanding Senior Debt and their Consolidated Tangible Net Worth set forth
in the latest quarterly financial statements delivered by the Borrowers in
accordance with the terms of this Agreement.
The following amendment is hereby made by deleting Section 6.15(iii) of the
Agreement and replacing it with the following:
(iii) Senior Debt/Net Receivable Ratio. The Borrowers will at no time permit the
ratio of Senior Debt to all Consolidated Net Receivables to exceed .70 to 1
based on the Borrowers’ then- outstanding Senior Debt and their Consolidated Net
Receivables set forth in the latest quarterly financial statements delivered by
the Borrowers in accordance with the terms of this Agreement or as set forth in
the Borrowers’ internally prepared monthly financial
statements, as required in either case by Section 6.1(i).

The following amendment is hereby made by deleting Section 5.5 of the Agreement
in its entirety and replacing it with the following:

--------------------------------------------------------------------------------

5.5    Litigation. Except as previously disclosed in writing to the
Agent there is no pending or, to each Borrower’s Knowledge, threatened action,
suit or proceeding (i) in any tribunal, whether at law or in equity, or (ii) by
or before any governmental instrumentality or other agency, against any
Borrower, the Guarantor or MidCountry Bank or affecting any Borrower, the
Guarantor or MidCountry Bank,

or any of their respective assets or property which, if adversely determined,
would have a Material Adverse Effect on any Borrower’s financial condition or
would otherwise adversely affect any Borrower’s ability to perform its
obligations under this Agreement in a materially adverse manner.

SECTION 2

REAFFIRMATION OF REMAINDER OF AGREEMENT

All provisions of the Agreement except for those sections specifically modified
or added as described herein shall remain unchanged and in full force and
effect.

SECTION 3

CONSENTS AND APPROVALS

The terms of this Amendment are hereby approved by all of the parties hereto.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement as of the
day and year first above written.

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PIONEER FINANCIALSERVICES, INC
 
 
 
By:
______________________
 
 
 
Name:
Laura V. Stack
 
 
 
Title:
Treasurer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PIONEER FUNDING, INC.
 
 
 
By:
______________________
 
 
 
Name:
Laura V. Stack
 
 
 
Title:
Secretary and Treasurer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PSLF, Inc.
 
 
 
By:
______________________
 
 
 
Name:
Laura V. Stack
 
 
 
Title:
Treasurer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
PIONEER SERVICES SALES AND FINANCE, INC.
 
 
 
By:
______________________
 
 
 
Name:
Laura V. Stack
 
 
 
Title:
Secretary and Treasurer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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FIRST BANK
 
ARVEST BANK
By:
______________________
 
By:
______________________
Name:
 Stephan Sainz
 
Name:
 Cindy Nunley
Title:
 Executive Vice-President
 
Title:
 Senior Vice-President
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANCFIRST
 
FIRST CITIZENS BANK
By:
______________________
 
By:
______________________
Name:
Mark C. Demos
 
Name:
Scott T. Conway
Title:
Senior Vice-President
 
Title:
Chief Executive Officer
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
UMB BANK, N.A., as a Bank and as Agent
 
ONB BANK AND TRUST COMPANY
By:
______________________
 
By:
______________________
Name:
Douglas F. Page
 
Name:
Matt Adams
Title:
Executive Vice-President
 
Title:
Senior Vice-President
 
 
 
 
Commercial Loan Officer
 
 
 
 
 
 
 
 
 
 
CITIZENS BANK & TRUST
 
COMMERCE BANK, N.A.
By:
______________________
 
By:
______________________
Name:
Kelley Wilcox
 
Name:
Aaron Siders
Title:
Senior Vice President, Commercial
 
Title:
Senior Vice-President
 
Banking
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
TEXAS CAPITAL BANK, N.A
 
ENTERPRISE BANK AND TRUST
By:
______________________
 
By:
______________________
Name:
Reed Allton
 
Name:
Linda Hanson
Title:
Executive Vice President
 
Title:
Regional President, Kansas City
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BANK OF BLUE VALLEY
 
STIFEL BANK & TRUST
By:
______________________
 
By:
______________________
Name:
Kevin Klamm
 
Name:
John Haffenreffer
Title:
Commercial Loan Officer
 
Title:
President
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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SUNFLOWER BANK, N.A.
 
WILLIAM D. SULLIVAN FAMILY INVESTMENT GROUP, LLC
By:
______________________
 
By:
______________________
Name:
Glynn Sheridan
 
Name:
William D. Sullivan
Title:
President
 
Title:
President
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
BMO HARRIS N.A.
 
BANK MIDWEST
By:
______________________
 
By:
______________________
Name:
David B. Warning
 
Name:
Kevin E. Kramer
Title:
Executive Vice President
 
Title:
Executive Vice President
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
THE PRIVATE BANK
 
 
 
By:
______________________
 
 
 
Name:
David B. Vande Ven
 
 
 
Title:
Managing Director