EX-10.3



 Exhibit 10.3 

EXECUTION VERSION 
  

 
 SALE AND SERVICING AGREEMENT 

by and among 
 CCG RECEIVABLES IV,
LLC, 
 as Depositor 
 CCG
RECEIVABLES TRUST 2014-1, 
 as Issuer, 

COMMERCIAL CREDIT GROUP INC., 
 as
Originator and Servicer, 
 PORTFOLIO FINANCIAL SERVICING COMPANY, 

as Back-Up Servicer, 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Indenture Trustee 
 Dated as of
May 14, 2014 
  
  







 TABLE OF CONTENTS 
  

							
	 ARTICLE I DEFINITIONS
		 	1	  
			
	 SECTION 1.1
		 Certain Defined Terms
		 	1	  
	 SECTION 1.2
		 Computation of Time Periods
		 	4	  
		
	 ARTICLE II SALE AND PURCHASE OF RECEIVABLES
		 	4	  
			
	 SECTION 2.1
		 Selection, Sale and Contribution of Pool Receivables and other Sold Assets
		 	4	  
	 SECTION 2.2
		 Intent of the Parties; Grant of Security Interest
		 	5	  
	 SECTION 2.3
		 Purchase Price
		 	5	  
	 SECTION 2.4
		 Actions Evidencing Purchases
		 	5	  
	 SECTION 2.5
		 Custodian and Custodial Agreement
		 	6	  
		
	 ARTICLE III ADMINISTRATION AND SERVICING OF POOL RECEIVABLES
		 	6	  
			
	 SECTION 3.1
		 Appointment of Servicer
		 	6	  
	 SECTION 3.2
		 Duties of Servicer
		 	6	  
	 SECTION 3.3
		 Substitution of Receivables by the Originator
		 	9	  
	 SECTION 3.4
		 Optional Purchase by the Servicer
		 	10	  
	 SECTION 3.5
		 Servicing Fee
		 	10	  
	 SECTION 3.6
		 Servicer Advance
		 	10	  
	 SECTION 3.7
		 Servicer Reports
		 	11	  
	 SECTION 3.8
		 Administrative Duties
		 	11	  
		
	 ARTICLE IV BANK ACCOUNTS
		 	13	  
			
	 SECTION 4.1
		 Accounts
		 	13	  
	 SECTION 4.2
		 Maintenance of Accounts
		 	14	  
		
	 ARTICLE V THE DEPOSITOR
		 	16	  
			
	 SECTION 5.1
		 Representations and Warranties
		 	16	  
	 SECTION 5.2
		 The Depositor’s Additional Representations and Warranties
		 	17	  
	 SECTION 5.3
		 Affirmative Covenants of the Depositor
		 	22	  
	 SECTION 5.4
		 Negative Covenants of the Depositor
		 	23	  
	 SECTION 5.5
		 Repurchases by the Depositor
		 	24	  
	 SECTION 5.6
		 Indemnities by the Depositor
		 	25	  
		
	 ARTICLE VI THE SERVICER
		 	26	  
			
	 SECTION 6.1
		 Representation and Warranties of the Servicer
		 	26	  
	 SECTION 6.2
		 Covenants
		 	28	  
	 SECTION 6.3
		 Negative Covenants of the Servicer
		 	30	  
	 SECTION 6.4
		 Indemnities by the Servicer
		 	31	  
	 SECTION 6.5
		 Breach of Representations; Non-Permitted Extension
		 	32	  
	 SECTION 6.6
		 Merger or Consolidation of, or Assumption of the Obligations of, Servicer
		 	32	  
	 SECTION 6.7
		 The Servicer May Own Notes
		 	33	  


  
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	 ARTICLE VII SERVICER DEFAULTS
		 	33	  
			
	 SECTION 7.1
		 Servicer Default
		 	33	  
	 SECTION 7.2
		 Notification to Noteholders
		 	34	  
	 SECTION 7.3
		 Waiver of Servicer Defaults
		 	34	  
	 SECTION 7.4
		 Effect of a Servicer Default
		 	34	  
		
	 ARTICLE VIII THE BACK-UP SERVICER
		 	35	  
			
	 SECTION 8.1
		 Representations of Back-Up Servicer
		 	35	  
	 SECTION 8.2
		 Merger or Consolidation of, or Assumption of the Obligations of, Back-Up Servicer
		 	37	  
	 SECTION 8.3
		 Back-Up Servicer Resignation and Removal
		 	37	  
	 SECTION 8.4
		 Obligations of Back-Up Servicer
		 	37	  
	 SECTION 8.5
		 Back-Up Servicer Compensation
		 	38	  
	 SECTION 8.6
		 Duties and Responsibilities
		 	38	  
		
	 ARTICLE IX MISCELLANEOUS
		 	39	  
			
	 SECTION 9.1
		 Term of Agreement
		 	39	  
	 SECTION 9.2
		 Amendments
		 	40	  
	 SECTION 9.3
		 Notices; Payment Information
		 	40	  
	 SECTION 9.4
		 Governing Law; Submission to Jurisdiction; Appointment of Service Agent
		 	41	  
	 SECTION 9.5
		 Integration
		 	41	  
	 SECTION 9.6
		 Severability of Provisions
		 	42	  
	 SECTION 9.7
		 Counterparts; Facsimile Delivery
		 	42	  
	 SECTION 9.8
		 Successors and Assigns; Binding Effect
		 	42	  
	 SECTION 9.9
		 Nonpetition Covenants
		 	42	  
	 SECTION 9.10
		 Limitation of Liability of Owner Trustee and Indenture Trustee
		 	42	  


  
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 Schedules 
  

			
	Schedule 1		Schedule of Pool Receivables
	Schedule 2		Name and Account Number of Lock-Box Bank and Lock-Box Account
	Schedule 3		Location of Certain Offices and Records
	Schedule 4		Notice Information

 Exhibits 
  

			
	Exhibit A		Form of Supplement for Substituted Receivables
	Exhibit B		Form of Servicer Report
	Exhibit C		Credit and Collection Policies and Practices


  
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 This SALE AND SERVICING AGREEMENT (as amended, supplemented or otherwise modified and in effect
from time to time, this “Agreement”), dated as of May 14, 2014, is entered into by and among CCG RECEIVABLES IV, LLC, a Delaware limited liability company (the “Depositor”), CCG RECEIVABLES TRUST 2014-1, a
Delaware statutory trust (the “Issuer”), COMMERCIAL CREDIT GROUP INC. (“CCG”), a Delaware corporation, as Servicer (the “Servicer”) and as the Originator (the “Originator”),
PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation (the “Back-Up Servicer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, but solely in its capacity as Indenture
Trustee hereunder (the “Indenture Trustee”). 
 WHEREAS, 

A. The Originator has sold or contributed the Sold Assets (as defined in the Purchase Agreement) to the Depositor and the Depositor has
purchased such Sold Assets (as defined in the Purchase Agreement) from the Originator pursuant to the Purchase Agreement. 
 B. The
Depositor wishes to sell or contribute the Sold Assets to the Issuer and the Issuer wishes to pledge the Sold Assets in addition to other property to the Indenture Trustee as the Collateral under the Indenture. 

C. The parties wish to set forth the duties required of the Servicer with respect to the Pool Receivables. 

D. The Back-Up Servicer is willing to provide back-up servicing for the Pool Receivables. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties hereto agree as follows:

 ARTICLE I 
 DEFINITIONS

 SECTION 1.1 Certain Defined Terms. Capitalized terms used but not defined in this Agreement are defined in the Indenture,
dated as of May 14, 2014, (the “Indenture”) between the Issuer and the Indenture Trustee. As used in this Agreement, the following terms shall have the following meanings. 

“Bank Accounts” means, collectively, the Collection Account and the Reserve Account. 

“Bank Account Property” means the Bank Accounts, all amounts and investments held from time to time in any Bank Account
(whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing. 

“Delinquent Receivable” means any Pool Receivable with respect to which any portion of any Scheduled Payment is more than 30
days past due and which is not a Defaulted Receivable. 







 “Delivery” when used with respect to Bank Account Property means: 

(a) with respect to bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute
“instruments” within the meaning of Section 9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer thereof to the Indenture Trustee by physical delivery to the Indenture Trustee endorsed to, or registered in the
name of, the Indenture Trustee or endorsed in blank, and, with respect to a certificated security (as defined in Section 8-102(a)(4) of the UCC), transfer thereof (i) by delivery thereof to the Indenture Trustee of such certificated
security endorsed to, or registered in the name of, the Indenture Trustee or (ii) by delivery thereof to a “clearing corporation” (as defined in Section 8-102(a)(5) of the UCC) and the making by such clearing corporation of
appropriate entries on its books reducing the appropriate securities account of the transferor and increasing the appropriate securities account of the Indenture Trustee by the amount of such certificated security and the identification by the
clearing corporation of the certificated securities for the sole and exclusive account of the Indenture Trustee (all of the foregoing, “Physical Property”), and, in any event, any such Physical Property in registered form shall be
in the name of the Indenture Trustee or its nominee; and such additional or alternative procedures as may hereafter become appropriate to effect the complete transfer of ownership of any such Bank Account Property to the Indenture Trustee or its
nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; 
 (b) with respect to any
security issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation or by the Federal National Mortgage Association that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations, the
following procedures, all in accordance with applicable law, including applicable Federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such Bank Account Property to an appropriate book-entry account maintained with a
Federal Reserve Bank by a securities intermediary that is also a “depository” pursuant to applicable federal regulations; the making by such securities intermediary of entries in its books and records crediting such Bank Account Property
to the Indenture Trustee’s securities account at the securities intermediary and identifying such book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations as belonging to the Indenture Trustee; and
such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of ownership of any such Bank Account Property to the Indenture Trustee, consistent with changes in applicable law or regulations or the
interpretation thereof; 
 (c) with respect to any item of Bank Account Property that is an uncertificated security under Article 8 of the
UCC and that is not governed by clause (b) above, registration on the books and records of the issuer thereof in the name of the Indenture Trustee or its nominee or custodian who either (i) becomes the registered owner on behalf of the
Indenture Trustee or (ii) having previously become the registered owner, acknowledges that it holds for the Indenture Trustee; and 

(d) with respect to any item of Bank Account Property that is a financial asset under Article 8 of the UCC and that is not governed by clause
(b) above, causing the securities intermediary to indicate on its books and records that such financial asset has been credited to a securities account of the Indenture Trustee. 

  
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 “Eligible Account” means either (i) a segregated trust account maintained
with a depository institution or trust company whose short-term unsecured debt obligations are rated in the highest rating category from each Rating Agency, (ii) a segregated trust account which may be an account maintained in the corporate
trust department of the Indenture Trustee, which is maintained with a depository institution or trust company whose long term unsecured debt obligations have a credit rating from each Rating Agency equivalent to “BBB” or better; or
(iii) a segregated trust account or similar account maintained with a federally or state chartered depository institution whose long term unsecured debt obligations have a credit rating from each Rating Agency equivalent to “BBB” or
better, subject to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. § 9.10(b) in effect on the Closing Date. 

“PFSC” means Portfolio Financial Servicing Company. 

“Physical Property” has the meaning set forth in clause (a) of the definition of “Delivery.” 

“Prepaid Contract” means a Contract paid in full prior to its scheduled maturity date. 

“Purchase Price” has the meaning set forth in Section 3.4. 

“Released Receivable” means (i) a Prepaid Contract, (ii) a Delinquent Receivable or (iii) a Defaulted
Receivable, in each case, for which a substitution is being made on a Substitution Date. 
 “Repurchase Amount” has the
meaning set forth in Section 5.5(a). 
 “Reserve Account Withdrawal Amount” means (i) with respect to any Payment
Date (including the Class A-1 Maturity Date and Class A-2 Maturity Date), the excess of the amount then on deposit in the Reserve Account over the Required Reserve Account Amount plus the lesser of (x) any shortfall in the
amount of Available Amounts available to pay the amounts specified in priorities First through Eighth of Section 4.5(a) of the Indenture and (y) the amount on deposit in the Reserve Account on such Payment Date
prior to application of amounts on deposit therein and (ii) with respect to the Class B Maturity Date, any date on which the Notes are redeemed pursuant to Section 3.13 of the Indenture or upon the acceleration of the entire unpaid
principal amount of the Notes following an Event of Default, any funds remaining on deposit in the Reserve Account. 
 “Servicer
Advance” has the meaning set forth in Section 3.6. 
 “Servicer Charges” means late charges, prepayment
penalties and payments made in connection with any modification, extension or adjustment of Pool Receivables. 
 “Servicer
Default” has the meaning set forth in Section 7.1. 
 “Servicer Report” means a report, in substantially the
form attached hereto as Exhibit B or in such other form as is mutually agreed to by the Issuer, the Servicer and the Indenture Trustee, provided to the Issuer and the Indenture Trustee pursuant to Section 3.7. 

  
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 “Sold Assets” means (a) the Pool Receivables and Related Security,
(b) the Collections, (c) any security interest in the Equipment held by the Depositor, (d) the rights to proceeds from casualty insurance policies covering the Equipment, (e) the Depositor’s rights under the Purchase
Agreement, (f) all present and future claims, demands, causes of actions in respect of the foregoing, and (g) all proceeds of the foregoing, sold or contributed by the Originator to the Depositor under the Purchase Agreement and by the
Depositor to the Issuer hereunder, together with the Related Security and proceeds relating thereto. 
 “Sub-Servicer” has
the meaning set forth in Section 3.2(i). 
 “Substitution Date” has the meaning set forth in Section 3.3. 

“Substituted Receivable” has the meaning set forth in Section 3.3. 

“Successor Servicer” has the meaning set forth in Section 7.4(a). 

SECTION 1.2 Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a period of time from a
specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” each means “to but excluding”, and the word “within” means “from and
excluding a specified date and to and including a later specified date.” 
 ARTICLE II 

SALE AND PURCHASE OF RECEIVABLES 

SECTION 2.1 Selection, Sale and Contribution of Pool Receivables and other Sold Assets. In consideration of the Issuer’s delivery
to or upon the order of the Depositor on the Closing Date of the Notes and the other amounts to be distributed from time to time to the Depositor in accordance with the terms of this Agreement, the Depositor does hereby sell, transfer, assign, set
over and otherwise convey to the Issuer, without recourse (subject to the Depositor’s obligations set forth herein) and the Issuer hereby purchases, all right, title and interest of the Depositor in and to the Sold Assets, whether now owned or
existing or hereafter acquired or arising or acquired as follows: 
 (a) The Pool Receivables to be sold and/or contributed pursuant to this
Agreement are Eligible Receivables as of the Closing Date and shall be listed in Schedule 1. The Depositor will insure that no such Pool Receivable shall be subject to any adverse selection which could reasonably be expected to be unfavorable to the
Issuer or the Indenture Trustee. 
 (b) The transfer of the Sold Assets pursuant to this Agreement shall be effective as of the Closing
Date. The Depositor will mark its computer files relating to each Pool Receivable, together with its other related books and records, with a notification indicating that such Pool Receivables, together with all Related Security and proceeds thereof
have been sold or contributed, as the case may be, to the Issuer and are no longer assets of the Depositor. 
 (c) The Related Security and
any proceeds relating to any Pool Receivable which are received after the Cut-Off Date shall be sold or contributed at the same time as such Pool Receivable is sold or contributed hereunder, whether the applicable Related Security and proceeds exist
at such time or arise or are acquired thereafter. 

  
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 SECTION 2.2 Intent of the Parties; Grant of Security Interest. 

(a) The Depositor and the Issuer intend the transactions hereunder to be true sales and contributions of the Sold Assets by the Depositor to
the Issuer for all purposes, providing the Issuer and its transferees with the full risks and benefits of ownership of the Sold Assets (such that the Sold Assets would not be property of the Depositor’s estate in the event of the
Depositor’s bankruptcy). 
 (b) If, notwithstanding the intent of the parties or any other provision hereof, the Sold Assets conveyed
hereunder are construed to constitute property of the Depositor or such conveyance is not treated as a sale by the Depositor to the Issuer for all purposes, then this Agreement also is intended by the parties to be, and hereby is, a security
agreement within the meaning of the UCC; and the conveyance by the Depositor provided for in this Agreement shall be treated as the Grant of, and the Depositor hereby Grants, to the Issuer a security interest in, to and under all of the
Depositor’s right, title and interest in, to and under all the Sold Assets and all proceeds relating thereto, to secure the payment and performance of the Depositor’s obligations under this Agreement and the other Transaction Documents or
as may be determined in connection therewith by Applicable Law. Except with respect to Equipment with an aggregate invoiced cost of $25,000 or less, the Depositor shall take such actions as may be necessary to ensure that, if this Agreement were
deemed to create a security interest in, and not to constitute a sale of the Sold Assets, such security interest would be deemed to be a perfected first priority security interest in favor of the Issuer (and its assignee) under Applicable Law and
shall be maintained as such throughout the term of this Agreement. 
 (c) The Depositor acknowledges that the Issuer will, pursuant to the
Indenture, assign and pledge the Sold Assets and certain other property and rights to the Indenture Trustee for the benefit of the Noteholders. The Depositor consents to such assignment and pledge. 

SECTION 2.3 Purchase Price. The purchase price for each Pool Receivable and the Related Security therefor shall be not less than the
fair market value of such Pool Receivable and the Related Security. The Issuer shall pay the Depositor the purchase price with respect to each Pool Receivable and the Related Security by transfer of funds, to the extent that the Issuer has received
funds available for that purpose pursuant to this Agreement and the Indenture. If the Issuer did not receive sufficient funds to pay the purchase price for the Sold Assets, the remaining Sold Assets, to the extent the purchase price therefor is not
paid in full, shall be deemed to have been transferred by the Depositor to the Issuer as a contribution to the Owner Trust Estate, in return for an increase in the value of the interest of the Issuer held by the Depositor. 

SECTION 2.4 Actions Evidencing Purchases. 

(a) Except with respect to Equipment with an aggregate invoiced cost of $25,000 or less, the Depositor agrees that from time to time, at its
expense, it shall promptly execute and deliver all further instruments and documents, and take all further action that the Issuer, its 

  
 5 








 
assignee or transferee may reasonably request in order to perfect, protect or more fully evidence the purchases hereunder. Without limiting the generality of the foregoing and in addition to the
requirements of Section 2.4(b), the Depositor shall, upon the request of the Issuer, its assignee or transferee execute and file such financing or continuation statements, or amendments thereto or assignments thereof, and such other instruments
or notices, as may be necessary or appropriate. 
 (b) The Depositor hereby authorizes the Issuer or its assignee to file one or more
financing or continuation statements, and amendments thereto and assignments thereof, relative to all the Sold Assets now existing or hereafter arising in the name of the Depositor. 

SECTION 2.5 Custodian and Custodial Agreement. At all times after the Closing Date, the Issuer and the Servicer shall cause a Custodial
Agreement to be in effect on terms and conditions reasonably satisfactory to the Indenture Trustee and shall cause there to be an acting Custodian appointed thereunder (and who has accepted such appointment). Upon the resignation of any Custodian,
the Issuer and the Servicer shall take all actions requested by the Indenture Trustee (at the written direction of the Majority Holders) to appoint a successor Custodian who is reasonably satisfactory to the Majority Holders. 

ARTICLE III 
 ADMINISTRATION AND
SERVICING OF POOL RECEIVABLES 
 SECTION 3.1 Appointment of Servicer. 

(a) The servicing, administering and collection of the Pool Receivables shall be conducted by the Person (the “Servicer”) so
designated from time to time as Servicer in accordance with this Section 3.1. Each party hereby appoints as its agent the Servicer, from time to time designated pursuant to this Section 3.1, to service the Pool Receivables and to enforce
its respective rights and interests in and under the Collateral. To the extent permitted by Applicable Law, the Issuer hereby grants to any Servicer appointed hereunder an irrevocable power of attorney to take any and all steps in the Issuer’s
name (to the extent the Issuer has the authority to do so) and on behalf of the Issuer as necessary or desirable, in the reasonable determination of the Servicer, to collect all amounts due under any and all Pool Receivables, including endorsing the
Issuer’s name on checks and other instruments representing Collections and enforcing such Pool Receivables and the related Contracts and to take all such other actions set forth in this Article III. Until the Indenture Trustee gives notice to
CCG (in accordance with the terms of Section 7.4) of the designation of a new Servicer during the existence of a Servicer Default or as a result of the resignation of the Servicer pursuant to Section 3.2(f), CCG is hereby designated as,
and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof. 
 SECTION 3.2 Duties of
Servicer. 
 (a) The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect all amounts
due each Pool Receivable from time to time, all in accordance with this Agreement and all Applicable Law, with such care and diligence, and in accordance with the Credit and Collection Policy, as are consistent with the current business practice of
the Servicer with respect to similar accounts receivable generally (including those owned by the 

  
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Servicer for its own account), and with the standards of practice used by equipment finance companies of similar size and having similar portfolios as the Servicer. The Servicer shall take all
commercially reasonable actions necessary to maintain the perfection and priority of the security interest of the Noteholders and the Indenture Trustee in the Collateral provided, however, that the security interest in Equipment with
an aggregate invoiced cost of $25,000 or less may not be perfected. The Servicer shall hold in trust, and, as required hereunder, segregate, for the account of the Indenture Trustee and the Noteholders, the Collections in accordance with Indenture.

 (b) The Servicer may, on behalf of the Issuer, agree to extend or modify a Contract. In the case of an extension or modification, one or
more payments may be moved to a future date, which may be before or after the original final maturity date of such Contract. Any amendment, adjustment, modification or extension made by the Servicer hereunder with respect to the date of any
Scheduled Payment of any Contract or any reduction of the interest rate or reduction of the amount of any Scheduled Payment of a Contract, may be made by the Servicer only if each of the following conditions is satisfied (in each case a
“Permitted Servicer Adjustment”): (i) no payment date for any Scheduled Payment in respect of such Contract has been extended by more than four calendar months beyond the date of such Scheduled Payment; (ii) Scheduled
Payments in respect of such Contract have not been extended on more than two (2) occasions; (iii) any such amendment, adjustment, modification or extension shall be performed in accordance with the Credit and Collection Policy and
(iv) no such arrangement will be permitted to extend the date of the final Scheduled Payment of any Pool Receivable beyond the last day of the Collection Period relating to the Class B Maturity Date. 

(c) The Servicer shall, as soon as practicable following receipt and specific identification thereof, turn over to the Originator all
collections received by the Servicer from any Person of indebtedness of such Person to the Originator which are not on account of a Pool Receivable. Notwithstanding anything to the contrary contained in this Article III, the Servicer, the Issuer and
the Depositor, or any Affiliate of the Servicer, the Issuer or the Depositor, shall have no obligation to collect, enforce or take any other action described in this Article III with respect to any such indebtedness other than to deliver to the
Originator the collections and documents with respect to any such indebtedness as described above in this Section 3.2(c). 
 (d) In
connection with any inspection performed pursuant to Section 6.2(c) hereof, the Servicer shall promptly after the request therefore provide the requested information and access as requested by the Indenture Trustee. 

(e) Notwithstanding anything provided in this Agreement, the Servicer shall not have any obligation to defend or otherwise appear in a legal
proceeding if such legal proceeding is not, in its reasonable opinion, incidental to its duties as the Servicer hereunder or otherwise may cause the Servicer to incur legal expenses or liabilities. In performing its duties as Servicer hereunder, the
Servicer may not, under any circumstance, institute a legal proceeding in which the Indenture Trustee or a Noteholder are named as plaintiffs, without prior written consent of the applicable Person. 

(f) CCG acknowledges that the Issuer has relied on CCG’s agreement to act as Servicer hereunder in making its decision to execute and
deliver this Agreement and the other 

  
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Transaction Documents to which it is a party. Accordingly, CCG shall not resign from its obligations and duties under this Agreement or any other Transaction Document to which it is a party
except (i) as required in Section 6.6, (ii) upon determination that the performance of its duties shall no longer be permissible under Applicable Law (any such determination permitting the resignation of the CCG shall be evidenced by
an opinion of Independent counsel to such effect delivered to the Indenture Trustee), or (iii) with the prior written consent of the Indenture Trustee (at the written direction of the Majority Holders), but only if, in any such case, a
replacement Servicer (which may be the Back-Up Servicer) is found that (a) is experienced in the business of acting as servicer with respect to financial agreements of the type comprising the Pool Receivables and (b) will provide servicing
and agree to become the Successor Servicer on the same terms as then in effect under this Agreement and the other Transaction Documents. CCG shall provide notice of its resignation as Servicer hereunder to each Rating Agency. 

(g) The Servicer shall execute a Request for Release as may be necessary pursuant to Section 5 of the Custodial Agreement. 

(h) The Servicer will notify the Owner Trustee of the final Payment Date as specified in Section 8.1(c) of the Trust Agreement and
provide such other information as requested by the Owner Trustee. 
 (i) The Servicer may delegate its duties and obligations hereunder to
any Affiliate subservicer or to any repossession agent or other agent hired in connection with collecting, remarketing, inspecting or similar action in connection with servicing the Pool Receivables and related Equipment (each, a
“Sub-Servicer”); provided, that in each such delegation, (i) such Sub-Servicer shall agree in writing to perform the duties and obligations of the Servicer pursuant to the terms hereof, (ii) the Servicer shall
remain primarily liable to the Issuer for the performance of the duties and obligations so delegated, (iii) the Issuer and the Indenture Trustee on behalf of the Noteholders shall have the right to look solely to the Servicer for performance
and (iv) the terms of any agreement with any Sub-Servicer shall provide that the Issuer or the Indenture Trustee may terminate such agreement upon the termination of the Servicer hereunder by giving notice of its desire to terminate such
agreement to the Servicer (and the Servicer shall provide appropriate notice to such Sub-Servicer). 
 (j) Lock-Box Account. The name
and address of the Lock-Box Bank, together with the number of the Lock-Box Account at the Lock-Box Bank are specified in Schedule 2. All Obligors have been instructed to make payment in respect of the Contracts to the Lock-Box Account. The Servicer
shall at all times have the ability to identify and segregate all of the Collections from other funds on deposit in the Lock-Box Account within five (5) Business Days after deposit of such Collections into the Lock-Box Account. The Servicer
shall transfer within five (5) Business Days after deposit into the Lock-Box Account all Collections to the Collection Account. The Servicer shall use reasonable efforts to ensure that no funds are transferred out of the Lock-Box Account (other
than to the Collection Account) unless the Servicer or the Intercreditor Master Agent has identified and segregated such funds from the Collections. Other than the Lock-Box Intercreditor Agreement, the Servicer has not created, or participated in
the creation of, or permitted to exist, any Liens in relation to the Lock-Box Account and will not create, or participate in the creation of, or permit to exist, any Liens in relation to the Lock-Box Account. The Servicer shall not amend, modify or
supplement the Lock-Box Intercreditor 

  
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Agreement or the Lock-Box Agreement without prior written notice to each Rating Agency and satisfaction of Rating Agency Confirmation and the prior written consent of the Indenture Trustee (at
the written direction of the Majority Holders). The Servicer will not transfer any funds out of the Lock-Box Account except in accordance with this Agreement and the Lock-Box Intercreditor Agreement. 

The Servicer shall cause to be deposited to the Lock-Box Account within two (2) Business Days of receipt all funds identified as
Collections received directly by the Issuer, the Originator, the Depositor or the Servicer. If the Servicer, Issuer or Originator receives any payment from an Obligor of a Pool Receivable who is also an Obligor of a Receivable that is not a Pool
Receivable and the Obligor has not directed the application of such payment, the Servicer shall apply such payment in accordance with the terms of the Lock-Box Intercreditor Agreement. With respect to partial payments received from an Obligor of a
Pool Receivable who is also an Obligor of a Receivable owned outright (meaning, not subject to the Lien of any other Person) by the Servicer or Originator or by any Affiliate of the Servicer or Originator, and the Obligor has not directed the
application of such partial payment, the Servicer shall apply such payment which would be allocable on a ratable basis, to the Servicer or Originator first towards the related Pool Receivable and then towards the Receivable owned outright by the
Servicer or Originator or by any Affiliate of the Servicer or Originator. 
 SECTION 3.3 Substitution of Receivables by the
Originator. 
 (a) The Originator shall have the option to substitute Eligible Receivables for Released Receivables (each such
substituted Eligible Receivable, a “Substituted Receivable”), which such substitutions shall together be limited on an aggregate, cumulative basis to 10% of the Original Pool Balance. Substitution under this Section 3.3 is
prohibited unless as of the date of substitution (the “Substitution Date”), the Substituted Receivable will have a Net Book Value equal to or greater than the Released Receivables being substituted and will mature before the last
day of the Collection Period relating to the Class B Maturity Date. Each such Substituted Receivable shall be accompanied by a supplement to this Agreement, substantially in the form of Exhibit A hereto (the “Substitution
Supplement”), subjecting such Receivable, the Related Security, the Collections and proceeds of the foregoing to the provisions hereof and providing with respect to such Substituted Receivable and the Related Security the information
required in the schedule to such Substitution Supplement. 
 (b) The Servicer will provide the executed Substitution Supplement to the
Indenture Trustee and the Custodian, and will provide the Custodian File relating to the related Substituted Receivables to the Custodian in the time period required under the Custodial Agreement. Upon receipt of such items by the Indenture Trustee
and the Custodian, the Custodian shall release the Custodian File with respect to the Released Receivable to the Servicer pursuant to the Custodial Agreement, and the Indenture Trustee (at the written request and expense of the Issuer) shall be
required to deliver such instruments of reconveyance and release furnished by the Servicer as may be necessary to transfer such Released Receivables to the Originator and release such Released Receivables from the Lien of the Indenture. 

  
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 SECTION 3.4 Optional Purchase by the Servicer. 

(a) If, on the last day of a Collection Period, the Pool Balance is equal to or less than 15% of the Original Pool Balance, the Servicer has
the option to purchase the Collateral on the Payment Date related to such Collection Period. The Servicer may exercise its option to purchase the Collateral by (i) notifying each Rating Agency, the Indenture Trustee and the Owner Trustee at
least ten (10) days before the Payment Date related to such Collection Period, and (ii) remitting to the Collection Account the Purchase Price for the Collateral in immediately available funds by 10:00am (New York City time) on the Payment
Date related to such Collection Period. For purposes of the Servicer’s optional purchase of the Collateral hereunder, “Purchase Price” means the excess of (i) the sum of (a) either (1) in the event that the Servicer is
an Affiliate of the Certificateholder, the Note Balance and all accrued but unpaid interest thereon or (2) in the event that the Servicer is not an Affiliate of the Certificateholder, the Pool Balance, (b) all amounts due to the Indenture
Trustee under the Indenture or the Owner Trustee under the Trust Agreement and (c) any other sums secured by the Indenture over (ii) the sum of (a) the Available Amounts for such Collection Period and (b) the amount then on
deposit in the Reserve Account. 
 (b) On the Payment Date on which the optional purchase is exercised pursuant to clause (a) above,
and following the payment of all amounts due under the Indenture on such Payment Date, the Issuer will be deemed to have sold and assigned to the Servicer as of the last day of the preceding Collection Period all of the Issuer’s right, title
and interest in and to the Collateral, including the Pool Receivables and all security and documents relating to such Pool Receivables. Such sale will not require any action by the Issuer and will be without recourse, representation or warranty by
the Issuer except the representation that the Issuer owns the Pool Receivables free and clear of any Liens other than Permitted Liens. Upon such sale, the Servicer will mark its computer records indicating that any Receivables purchased pursuant to
Section 3.4(a) are no longer Pool Receivables, file UCC termination or amendment statements or take any other action necessary or appropriate to evidence the transfer of ownership of the purchased Pool Receivables free from any Lien of the
Issuer or the Indenture Trustee. The Issuer, the Owner Trustee or the Indenture Trustee, as applicable, will execute such documents and instruments and any and all further instruments, including any authorizations to file UCC financing statement
amendments, required or reasonably requested by the Servicer to effect such transfer. 
 SECTION 3.5 Servicing Fee. The Servicer
shall be paid the Servicing Fee pursuant to Sections 4.5(a) and (b) of the Indenture. 
 SECTION 3.6 Servicer Advance. If the
Servicer determines that any Scheduled Payment with respect to any Pool Receivable that was due during the Collection Period was not received in full prior to the related Determination Date, the Servicer has the right to elect, but is not obligated,
to advance the unpaid Scheduled Payment if it reasonably believes that the advance will be recovered from subsequent payments with respect to that Pool Receivable (the “Servicer Advance”). The Servicer shall be entitled to
reimbursement for the amount of any Servicer Advance from amounts subsequently received with respect to that Pool Receivable or, if the Servicer determines that a Servicer Advance will not be recovered from the Pool Receivable to which it relates,
from amounts received with respect to other Pool Receivables. 

  
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 SECTION 3.7 Servicer Reports. On each Determination Date (or, in any event, no later than
the opening of business on the related Payment Date), the Issuer, or the Servicer on its behalf, shall deliver a monthly Servicer Report to (i) the Issuer and the Indenture Trustee, (ii) each Rating Agency, and (iii) the Back-Up
Servicer detailing, among other things, (a) the Servicer’s Tangible Net Worth, calculated as of the end of the preceding calendar quarter and updated in the second Servicer Report delivered following the end of each calendar quarter and
(b) amounts received on the Pool Receivables in respect of the immediately preceding Collection Period and available for payment on the related Payment Date. 

SECTION 3.8 Administrative Duties. 

(a) Duties with Respect to the Indenture. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture.
In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when
action is necessary to comply with the Issuer’s duties under the Indenture. The Servicer shall prepare for execution by, and shall execute on behalf of, the Issuer or shall cause the preparation by other appropriate Persons of all such
documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture. 

(b) Duties with Respect to the Issuer. 

(i) In addition to the duties of the Servicer set forth in this Agreement or any of the Transaction Documents, the Servicer
shall perform such calculations and shall prepare for execution by the Owner Trustee or by the Issuer, and shall execute on behalf of, the Issuer or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents,
reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to this Agreement or any of the Transaction Documents or under state and federal tax and
securities laws and at the request of the Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to this Agreement or any of the Transaction Documents, including, without limitation, pursuant to Sections
2.6 and 2.11 of the Trust Agreement. In accordance with the directions of the Issuer or the Owner Trustee, the Servicer shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the
Transaction Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Issuer or the Owner Trustee and are reasonably within the capability of the Servicer. The Servicer shall monitor the activities of the
Issuer to ensure the Issuer’s compliance with Section 4.6 of the Trust Agreement and shall take all action necessary to ensure that the Issuer is operated in accordance with the provisions of such section. 

(ii) Notwithstanding anything in this Agreement or any of the Transaction Documents to the contrary, the Servicer shall be
responsible for promptly notifying the Owner Trustee and the Indenture Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Certificateholder as contemplated by this Agreement. Any
such notice shall be in writing and specify the amount of any withholding tax required to be withheld by the Owner Trustee or the Indenture Trustee pursuant to such provision. 

  
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 (iii) Notwithstanding anything in this Agreement or the Transaction Documents to
the contrary, the Servicer shall be responsible for performance of the duties of the Issuer set forth in Sections 5.1(a) and (b) and 5.2 of the Trust Agreement with respect to, among other things, accounting and reports to a Certificateholder;
provided, however, that once prepared by the Servicer, the Owner Trustee shall retain responsibility for the distribution of any necessary Schedule K-1s, as applicable, to enable the Certificateholder to prepare its federal and state
income tax returns. 
 (iv) The Servicer shall perform the duties of the Servicer specified in Section 9.2 of the Trust
Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, the duties of the Servicer specified in Section 10.11 of the Trust Agreement, and any other duties expressly required to be performed by the
Servicer under this Agreement or any of the Transaction Documents. 
 (v) In carrying out the foregoing duties or any of its
other obligations under this Agreement, the Servicer may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any
directions received from the Issuer and shall be, in the Servicer’s opinion, no less favorable to the Issuer in any material respect. 

(c) Tax Matters. The Servicer shall prepare and file, on behalf of the Depositor, all tax returns, tax elections, financial statements
and such annual or other reports attributable to the activities engaged in by the Issuer as are necessary for preparation of tax reports, including without limitation forms 1099. All tax returns will be signed by the Depositor or the Servicer. 

(d) Non-Ministerial Matters. With respect to matters that in the reasonable judgment of the Servicer are non-ministerial, the Servicer
shall not take any action pursuant to this Section unless within a reasonable time before the taking of such action, the Servicer shall have notified the Owner Trustee and the Indenture Trustee of the proposed action and the Owner Trustee and, with
respect to items (A), (B), (C) and (D) below, the Indenture Trustee shall have consented thereto in writing (at the written direction of the Majority Holders). For the purpose of the preceding sentence, “non-ministerial matters”
shall include: 
 (A) the amendment of or any supplement to the Indenture; 

(B) the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or
against the Issuer (other than in connection with the collection of the Pool Receivables); 
 (C) the amendment, change or
modification of this Agreement or any of the Transaction Documents to which it is a party; 
 (D) the appointment of
successor Note Registrars, successor Note Paying Agents and successor Indenture Trustees pursuant to the Indenture or the appointment of successor Servicers or the consent to the assignment by the Note Registrar, Note Paying Agent or Indenture
Trustee of its obligations under the Indenture; and 
 (E) the removal of the Indenture Trustee. 

  
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 (e) The Back-Up Servicer or any successor Servicer shall not be responsible for any obligations
or duties of the Servicer under this Section 3.8. Notwithstanding the foregoing or any other provision of this Agreement, CCG shall continue to perform the obligations of the Servicer under this Section 3.8. 

ARTICLE IV 
 BANK ACCOUNTS

 SECTION 4.1 Accounts. 

(a) Collection Account. 

(i) On or before the Closing Date, the Indenture Trustee, on behalf of the Noteholders, will establish and maintain in its own
name an Eligible Account to be designated as “U.S. Bank National Association, as Indenture Trustee, as secured party for CCG Receivables Trust 2014-1,” that is designated as the “Collection Account”. The Collection Account
will be under the sole dominion and control of the Indenture Trustee, except that the Servicer may make deposits to and direct the Indenture Trustee to make withdrawals from the Collection Account in accordance with the Transaction Documents. The
Servicer may direct the Indenture Trustee in writing to withdraw from the Collection Account and pay to the Indenture Trustee or the Servicer, as applicable, amounts that do not constitute Available Amounts for any Collection Period or that were
deposited into the Collection Account in error. 
 (ii) Distributions on Payment Date. All Collections deposited into
the Collection Account shall be distributed in accordance with Sections 4.5(a) and (b) of the Indenture. Any Excluded Amounts that do not belong to the Issuer and that were deposited into the Collection Account shall be removed from the
Collection Account by the Indenture Trustee, as indicated on the related Servicer Report, on each Payment Date prior to the application of Collections pursuant to Sections 4.5(a) and (b) of the Indenture. 

(iii) Funds on deposit in the Collection Account shall be invested by the Indenture Trustee (at the written direction of the
Servicer) in Eligible Investments that will mature so that such funds will be available to be applied on the next Payment Date. 
 (b)
Reserve Account. 
 (i) On or before the Closing Date, the Indenture Trustee, on behalf of the Noteholders, will
establish and maintain in its own name an Eligible Account to be designated as “U.S. Bank National Association, as Indenture Trustee, as secured party for CCG Receivables Trust 2014-1,” that is designated as the “Reserve
Account”. The Reserve Account will be under the sole dominion and control of the Indenture Trustee, except that the Servicer may make deposits to and direct the Indenture Trustee in writing to make withdrawals from the Reserve Account in
accordance with the Transaction Documents. 

  
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 (ii) On the Closing Date, the Issuer will deposit or cause to be deposited the
Required Reserve Account Amount into the Reserve Account from the proceeds of the sale of the Notes. Following this initial funding, any cash remaining in the Collection Account after making the payments owed to the Noteholders, the Servicer, the
Back-Up Servicer, Indenture Trustee, the Owner Trustee and the Custodian pursuant to clauses First through Eighth of Section 4.5(a) of the Indenture will be deposited in the Reserve Account until the balance in the
Reserve Account equals the Required Reserve Account Amount. Amounts on deposit in the Reserve Account will be available for payments of interest pursuant to Sections 4.5(a) and (b) of the Indenture. To the extent that the amount on deposit in
the Reserve Account exceeds the Required Reserve Account Amount for a Payment Date, after giving effect to all other deposits and withdrawals therefrom, the Indenture Trustee shall distribute the amount of any excess as part of Available Amounts on
such Payment Date. 
 (iii) On each Payment Date, the Servicer shall instruct the Indenture Trustee (based on information in
the Servicer’s Report) to withdraw from the Reserve Account the Reserve Account Withdrawal Amount and the investment income from the investment of funds in the Reserve Account and the Collection Account and deposit such amounts into the
Collection Account to be included as Available Amounts for that Payment Date. On any date on which the Notes are redeemed pursuant to Section 3.13 of the Indenture or upon the acceleration of the entire unpaid principal amount of the Notes
following and Event of Default, the Servicer shall instruct the Indenture Trustee to withdraw from the Reserve Account any funds remaining on deposit therein and deposit such amounts into the Collection Account to be included as Available Amounts
for that Payment Date. 
 (iv) The Indenture Trustee will transfer all funds on deposit in the Reserve Account to the
Depositor on the earlier of: (i) the Payment Date on or after which the Servicer has deposited into the Collection Account the Purchase Price in connection with its exercising its option to acquire the Pool Receivables pursuant to
Section 3.4 and (ii) the date on which the Note Balance and all other amounts owing or to be distributed to the Noteholders under the Indenture and this Agreement are paid in full. 

(v) Funds on deposit in the Reserve Account shall be invested by the Indenture Trustee (at the written direction of the
Servicer) in Eligible Investments that will mature so that such funds will be available so as to permit amounts in the Reserve Account to be accessed and applied on the next Payment Date following such investment. 

SECTION 4.2 Maintenance of Accounts. 

(a) The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Bank Accounts and in
all proceeds thereof for the benefit of the Noteholders and all such funds, investments, proceeds and income shall be part of the Owner Trust Estate. Except as otherwise provided herein, the Bank Accounts shall be under the sole


  
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dominion and control of the Indenture Trustee for the benefit of the Noteholders. If, at any time, any of the Bank Accounts ceases to be an Eligible Account, the Indenture Trustee shall notify
the Servicer (who shall notify each Rating Agency), the Indenture Trustee (or the Servicer on its behalf, or at the direction of the Majority Holders) shall within five (5) Business Days establish a new Bank Account as an Eligible Account and
shall transfer any cash and/or any investments to such new Bank Account. In connection with the foregoing, the Servicer agrees that, in the event that any of the Bank Accounts are not accounts with the Indenture Trustee, the Servicer shall notify
the Indenture Trustee in writing promptly upon any of such Bank Accounts ceasing to be an Eligible Account. 
 (b) With respect to the Bank
Account Property, the Indenture Trustee agrees that: 
 (i) any Bank Account Property that is held in deposit accounts shall
be held solely in the Eligible Accounts; and, except as otherwise provided herein, each such Eligible Account shall be subject to the exclusive custody and control of the Indenture Trustee, and the Indenture Trustee shall have sole signature
authority with respect thereto; 
 (ii) any Bank Account Property that constitutes Physical Property shall be delivered to
the Indenture Trustee in accordance with paragraph (a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a securities intermediary (as such term is defined in
Section 8-102(14) of the UCC) acting solely for the Indenture Trustee; 
 (iii) the Indenture Trustee shall act as the
“securities intermediary”, and as the Person holding the “securities entitlement” for purposes of Section 8-501 of the UCC of the State of New York, and the “securities intermediary’s jurisdiction” for
purposes of Section 8-110 of the UCC shall be the State of New York; 
 (iv) any Bank Account Property that is a
book-entry security held through the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Indenture
Trustee, pending maturity or disposition, through continued book-entry registration of such Bank Account Property as described in such paragraph; 

(v) any Bank Account Property that is an “uncertificated security” or a “security
entitlement” under Article 8 of the UCC and that is not governed by clause (D) above shall be delivered to the Indenture Trustee in accordance with paragraph (c) or (d), if applicable, of the definition of “Delivery” and
shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee’s (or its nominee’s) ownership of such security; and 

(vi) any cash that is Bank Account Property shall be considered a “financial asset” under Article 8 of the
UCC. 

  
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 ARTICLE V 

THE DEPOSITOR 
 SECTION 5.1
Representations and Warranties 
 (a) Representations and Warranties of the Depositor. The Depositor represents and warrants
to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool Receivables and which will survive the sale of the Pool Receivables to the Issuer and
pledge thereof to the Indenture Trustee pursuant to the Indenture: 
 (i) Corporate Existence and Power. It
(1) is a limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization as specified in the preamble herein, (2) is not organized under the Laws of any other jurisdiction
or governmental authority, (3) has all power and all licenses, authorizations, consents and approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is
conducted (except where the failure to have any such licenses, authorizations, consents and approvals would not individually or in the aggregate have a Material Adverse Effect) and (4) is duly qualified to do business in, and is in good
standing in, every other jurisdiction in which the nature of its business or ownership or lease of its properties requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse
Effect. 
 (ii) Due Authorization; Contravention. The execution, delivery and performance by it of this Agreement and
the other Transaction Documents to which it is a party (1) are within its powers, (2) have been duly authorized, (3) require no action by or in respect of, or filing with, any Official Body or official thereof (except as contemplated
by this Agreement which have been (or as of the Closing Date will have been) duly made and in full force and effect), (4) do not contravene, conflict with or constitute a default under (A) its organizational documents, (B) any Law
applicable to it, (C) any material contractual restriction binding on or affecting it or its property or (D) any order, writ, judgment, award, injunction, decree or other instrument binding on or affecting it or its property, and
(5) will not result in the creation or imposition of any Lien (other than Permitted Liens created under the Transaction Documents) upon or with respect to its property, except as contemplated hereby and by the Transaction Documents, which could
reasonably be expected to have a Material Adverse Effect. 
 (iii) Binding Effect. Each of this Agreement and the
other Transaction Documents to which it is a party has been duly executed and delivered and, upon payment of the purchase price as set forth herein, shall constitute the legal, valid and binding obligation of it, enforceable against it in accordance
with the respective terms of such agreement, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and to general principles of equity; regardless of whether such enforceability is
considered in a proceeding in equity or at law. 

  
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 SECTION 5.2 The Depositor’s Additional Representations and Warranties. The Depositor
represents and warrants to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool Receivables and which will survive the sale of the Pool Receivables
to the Issuer and pledge thereof to the Indenture Trustee pursuant to the Indenture: 
  

	 	(I)	General Representations 

 (a) Accuracy of Information. All written information
heretofore furnished by the Depositor to the Issuer (or its assignee) in connection with this Agreement or any transaction contemplated hereby is true, complete and accurate in every material respect, on the date such information is stated or
certified, and such information shall not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not
materially misleading. 
 (b) Tax Status; Sale Treatment. The Depositor (1) has filed all tax returns (federal, state and local)
required to be filed, (2) has paid or made adequate provision for the payment of all taxes, assessments and other governmental charges (except for taxes, assessments or other governmental charges that are being contested in good faith by the
Depositor through appropriate proceedings and with respect to which adequate reserves have been maintained in accordance with GAAP), and (3) will not account for the sale of the Sold Assets pursuant to this Agreement, other than as a sale by
the Depositor to the Issuer (except to the extent otherwise required for United States federal income tax purposes under the Internal Revenue Code or by the application of consolidated financial reporting principles under GAAP). No tax lien has been
filed and to the Depositor’s knowledge, no tax lien claim is being asserted against any of its properties which could reasonably be expected to have a Material Adverse Effect. 

(c) Action, Suits. The Depositor is not in violation of any order of any Official Body or arbitrator. There are no actions, suits,
litigation, investigations or proceedings pending, or to the knowledge of the Depositor threatened, against or affecting the Depositor or any Affiliate of the Depositor or their respective properties, in or before any Official Body or arbitrator
which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (d) Use of Proceeds. No
proceeds of any sale or contribution hereunder shall be used by the Depositor (1) to acquire any security in any transaction which is subject to Section 13 or 14 of the Securities Exchange Act of 1934, as amended, (2) to acquire any
equity security of a class which is registered pursuant to Section 12 of such act or (3) for any other purpose that violates Applicable Law, including Regulations T, U or X of the Federal Reserve Board. 

(e) Principal Place of Business; Chief Executive Office; Location of Records. The Depositor is a limited liability company duly
organized under the laws of the state of Delaware. The principal place of business and chief executive office of the Depositor and the offices where the Depositor keeps all its records relating to the Pool Receivables are located at the address(es)
described on Schedule 3 or such other locations notified to the Issuer in accordance with the terms of this Agreement. 

  
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 (f) Subsidiaries; Tradenames, Etc. (1) As of the Closing Date, the Depositor has only
the Subsidiaries and divisions listed on Schedule 3 (which Schedule may be updated from time to time by notice from the Depositor to the Issuer and the Indenture Trustee) and (2) the Depositor has, within the last five (5) years, operated
only under the tradenames identified on Schedule 3, and, within the last five (5) years, has not changed its name other than the tradenames identified on Schedule 3, merged with or into or consolidated with any other Person or been the subject
of any Proceeding under the Bankruptcy Code. Schedule 3 also lists the correct Federal Employer Identification Number of the Depositor. 

(g) Not an Investment Company. The Depositor is not, and is not controlled by, an “investment company” within the meaning of
the Investment Company Act of 1940, or is exempt from all provisions of such act. 
 (h) ERISA. Neither the Depositor nor any ERISA
Affiliate (i) maintains any “pension plan” (as defined in Section 3(2) of ERISA) or (ii) contributes to any “multiemployer plan” (as defined in Section 3(37) and 4001(a)(3) of ERISA). 

(i) Lock-Box Account. All Obligors in respect of Pool Receivables sold or contributed hereunder have been instructed as of the Closing
Date to make payment to a Lock-Box Account. The names and addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Account at the Lock-Box Bank, are specified on Schedule 2, as updated by the Depositor from time to time
by notice from the Depositor to the Issuer. The Depositor shall at all times have the ability to identify and segregate, in accordance with the terms of the Lock-Box Intercreditor Agreement, all of the Collections from other funds on deposit in the
Lock-Box Account and cause the same to be deposited into the Collection Account within five (5) Business Days after receipt of such Collections. 

(j) Bulk Sales. No transaction contemplated hereby requires compliance with any bulk sales act or similar law. 

(k) Nonconsolidation. The Depositor has taken and will continue to take all actions required to maintain the Issuer’s status as a
separate legal entity, including, without limitation, (1) not holding the Issuer out to third parties as other than an entity with assets and liabilities distinct from the Depositor and the Depositor’s other Subsidiaries; (2) other
than by reason of owning the residual interest of the Issuer, not holding itself out to be responsible for any decisions or actions relating to the Issuer (except for decisions or actions as Certificateholder); (3) preparing unaudited separate
financial statements for the Issuer (which may be consolidated with the Depositor); (4) taking such other actions as are necessary on its part to ensure that all procedures required by its and the Issuer’s certificate of formation and
limited liability company agreement, and certificate of trust and Trust Agreement, respectively, are duly and validly taken; (5) keeping correct and complete records and books of account and corporate minutes; and (6) not acting in any
manner that could foreseeably materially mislead others with respect to the Issuer’s separate identity. In addition to the foregoing, the Depositor has taken and will continue to take all necessary actions so that: 

(i) the Depositor shall maintain records and books of account and minutes separate from those of the Issuer; 

  
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 (ii) the Depositor shall maintain an arm’s-length relationship with the
Issuer and shall not hold itself out as being liable for any Indebtedness of the Issuer (other than certain indemnification obligations of the Issuer provided herein); 

(iii) the Depositor shall keep its assets and its liabilities wholly separate from those of the Issuer (except with respect to
any commingled Collections to the extent permitted under this Agreement or the Indenture); 
 (iv) the Depositor shall at all
times limit its transactions with the Issuer only to those expressly permitted hereunder or under any other Transaction Document; and 

(v) the Depositor shall comply with (and cause to be true and correct) each of the facts and assumptions relating to the
Depositor contained in the opinion of Katten Muchin Rosenman LLP delivered pursuant to the terms of the Transaction Documents. 
 (l)
Preference; Voidability. The Issuer shall have given reasonably equivalent value to the Depositor in consideration for the sale to the Issuer of the Sold Assets from the Depositor, and such sale shall not have been made for or on account of
an antecedent debt owed by the Depositor to the Issuer and no such sale is or may be voidable under any section of the Bankruptcy Code. 

(m) Compliance with Law. The Depositor has complied with all Applicable Laws to which it may be subject, (including, without
limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply would not have a Material
Adverse Effect. 
 (n) Representations and Warranties in other Transaction Documents. Each of the representations and warranties made
by the Depositor contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it hereby makes each such representation and warranty to, and for the benefit of, the Issuer as if the same were
set forth in full herein. 
 (o) Schedule of Pool Receivables. The schedule of Pool Receivables listed on Schedule 1 hereto is true
and correct as of the date hereof. 
  

	 	(II)	Representations with respect to the Pool Receivables 

 (a) Good Title;
Perfection. 
 (i) Immediately preceding the sale or contribution hereunder, the Depositor was the owner of all of the Sold Assets, free
and clear of all Liens (other than any Permitted Liens). This Agreement constitutes a valid sale, transfer and assignment of the Sold Assets to the Issuer from the Depositor and, upon the purchase or contribution, as the case may be, hereunder the
Issuer shall acquire a valid, enforceable and perfected ownership interest in the Sold Assets free and clear of any Lien (other than any Permitted Liens and Equipment with an aggregate invoiced cost of $25,000 or less). 

  
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 (ii) Notwithstanding the immediately preceding sentence, if the conveyance by the Depositor to
the Issuer of the Sold Assets hereunder were construed not to be a sale or contribution, this Agreement creates a valid security interest in favor of the Issuer (and its assignee) in the Sold Assets consisting of all the Pool Receivables sold
hereunder, the Related Security, the related Equipment and the proceeds relating thereto, free and clear of all Liens (other than Permitted Liens) (provided, however, that no representation is made herein with respect to creation or perfection of
any security interest in goods or other assets pledged by an Obligor other than Equipment with an aggregate invoiced cost of more than $25,000); all financing statements and other documents required to be recorded or filed in order to perfect the
security interest of the Issuer in the Sold Assets have been filed, and the Issuer (and its assignee) has, subject to Permitted Liens, a perfected first priority security interest in all the Sold Assets sold hereunder, and the proceeds relating
thereto, free and clear of all Liens (other than the Permitted Liens). 
 (b) Nature of Pool Receivables. Each Pool Receivable will
be an Eligible Receivable as of the Closing Date. As of the Closing Date, the Depositor has no knowledge of any fact that would cause it or should have caused it to expect any payments on such Pool Receivable will not be paid in full when due or
that is reasonably likely to cause or result in any Material Adverse Effect on the Issuer or the Noteholders in respect of such Pool Receivable. To the extent that the first Scheduled Payment of a Pool Receivable is due after the Cut-Off Date, such
first Scheduled Payment of such Pool Receivable is not more than 61 days late. In the event of a prepayment of a Pool Receivable, there is no obligation to rebate money to the related Obligor. 

(c) Perfection Representations. The Depositor is the sole owner of all of the Pool Receivables sold hereunder listed in Schedule 1 free
and clear of all Liens (other than Permitted Liens). The Depositor further represents: 
 (1) General. 

(A) The Pool Receivables sold hereunder constitute “accounts,” “instruments,” “general intangibles,” or
“tangible chattel paper” within the meaning of the UCC. 
 (B) The Depositor has taken all steps or commenced procedures necessary
in each jurisdiction in which the Pool Receivables were originated to perfect its security interest against the Obligors in the Equipment securing the Pool Receivables sold hereunder; provided, however, that the security interest in
Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected. 
 (C) The Depositor has received all consents and
approvals required by the terms of the Pool Receivables to the pledge of a security interest in the Pool Receivables to the Issuer. 
 (2)
Creation. The Depositor owns and has good and marketable title to the Sold Assets immediately prior to the sale or contribution or pledge thereof in accordance with the terms of this Agreement free and clear of any Lien, claim or encumbrance
of any Person, excepting other Permitted Liens and liens for taxes, assessments or similar governmental charges or levies that are not yet due and payable or as to which any applicable grace period shall not


  
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have expired, or that are being contested in good faith by proper proceedings and for which adequate reserves have been established, but only so long as foreclosure with respect to such a Lien is
not imminent and the use and value of the property to which the Lien attaches is not impaired during the pendency of such proceeding. 
 (3)
Perfection. The Depositor has caused or commenced procedures for the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under Applicable Law in order to perfect the sale and/or
contribution of the Sold Assets from the Depositor to the Issuer; provided, however, that the security interest in Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected. 

(4) Priority. 
 (A) Other
than the transfer of the Sold Assets to the Issuer hereunder, the Depositor has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Sold Assets. The Depositor has not authorized the filing of, nor is aware
of any financing statements against the Depositor that include a description of collateral covering the Sold Assets transferred hereunder other than any financing statement relating to the transfer of the Sold Assets hereunder or that has been or is
being terminated in connection with the execution of this Agreement. The Depositor is not aware of any judgment or tax lien filings against it. 

(B) With respect to Sold Assets which constitute “tangible chattel paper” or “instruments” within the meaning of the UCC,
the Depositor shall deliver to the Custodian all original copies of the instruments that constitute or evidence the Sold Assets transferred hereunder. The Contracts and instruments that constitute or evidence the Sold Assets do not have any marks or
notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Issuer. 
 (5) Survival of
Perfection Representations. Notwithstanding any other provision of this Agreement or any other Transaction Document, the perfection representations contained herein shall be continuing, and remain in full force and effect until the occurrence of
the final Payment Date. 
 (6) No Waiver. The Depositor (i) shall not, without obtaining the prior written consent of the Issuer
and the Indenture Trustee waive any of these perfection representations; (ii) shall provide the Issuer with prompt written notice of any breach of these perfection representations, and shall not, without obtaining the prior written consent of
the Issuer and the Indenture Trustee waive a breach of any of these perfection representations 
  

	 	(III)	Notice of Breach. Upon discovery by the Depositor of a breach of any of the foregoing representations and warranties, the Depositor shall give written notice to the Issuer and to the Indenture Trustee within
three (3) Business Days of such discovery. 


  
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 SECTION 5.3 Affirmative Covenants of the Depositor. At all times prior to the final
Payment Date, the Depositor, for the benefit of the Issuer and its assignees, shall do each of the following: 
 (a) Conduct of Business;
Ownership. The Depositor shall carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted and do all things necessary to remain duly organized, validly
existing and in good standing as a domestic organization in its jurisdiction of organization and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where failure to so comply would
not have a Material Adverse Effect. The Depositor shall at all times, be a wholly-owned Subsidiary of the Originator; 
 (b) Compliance
with Laws, Etc. The Depositor shall comply with all Laws to which it or its properties may be subject and preserve and maintain its limited liability company existence, rights, franchises, qualifications and privileges except where failure to so
comply, preserve or maintain would not have a Material Adverse Effect; 
 (c) Inspection of Records. 

(i) Prior to the occurrence of a Default or an Event of Default and once per calendar year at the expense of the party
requesting such audit or inspection, the Depositor shall at any time during regular business hours, upon reasonable notice, as requested by the Issuer, permit the Issuer or its appointees (including, without limitation, the Indenture Trustee on
behalf of the Noteholders, and its appointees and designees) to (A) examine and make copies of and take abstracts from all books, records and documents (including computer tapes and disks) relating to the Sold Assets, including the related
Contracts and (B) visit the offices and properties of the Depositor, as applicable, for the purpose of examining such materials described in clause (i), and to discuss matters relating to the Sold Assets or the Depositor’s performance
hereunder, under the Pool Receivables and under the other Transaction Documents to which it is a party with any of the officers, directors, or in the presence of an officer, employee or independent public accountant, of the Depositor having
knowledge of such matters. 
 (ii) During a Default or an Event of Default, the Issuer and its assigns (including the
Indenture Trustee on behalf of the Noteholders) may conduct an unlimited number of audits of the Depositor, as necessary, for any of the purposes set forth in (i) and (ii) above, as necessary, at the expense of the Depositor. 

(d) Notice of the Issuer’s and Indenture Trustee’s Interest. In the event that the Depositor sells or otherwise transfers any
interest in accounts receivable or any other financial assets (other than as contemplated by the Transaction Documents), any computer tapes or files or other documents or instruments provided by the Depositor in connection with any such sale or
transfer shall, to the extent that such computer tapes, files or other documents or instruments contain any references to the Sold Assets, disclose the Issuer’s ownership of the Sold Assets and the Indenture Trustee’s security interest
therein. 

  
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 (e) Sale Treatment. The Depositor shall not account for, or otherwise treat, the
transactions contemplated herein in any manner other than as a sale of the Sold Assets by the Depositor to the Issuer (except to the extent otherwise required (i) for United States federal income tax purposes under the Internal Revenue Code or
(ii) by the application of consolidated financial reporting principles under GAAP). 
 (f) Protection of Security Interest of the
Issuer and the Indenture Trustee. The Depositor agrees that it shall, from time to time, at its expense, promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Issuer may reasonably request
in order to perfect or protect the Issuer’s title in the Sold Assets (other than Equipment with an aggregate invoiced cost of $25,000 or less) or to enable the Issuer to exercise or enforce any of its rights hereunder. Without limiting the
foregoing, the Depositor shall, upon the request of the Issuer (i) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and filed pursuant hereto) with
respect to Equipment having an aggregate invoiced cost greater than $25,000 and (ii) mark its respective master data processing records and other documents with a legend describing the security interest granted to the Issuer in the Sold Assets.
Without limiting the foregoing, the Depositor may in its discretion execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and filed pursuant hereto) with
respect to Equipment having an original cost of $25,000 or less. To the fullest extent permitted by Applicable Law, the Issuer (or its assignee) shall be permitted to sign and file continuation statements and amendments thereto and assignments
thereof without the Depositor’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. 

(g) Taxes. The Depositor will file all tax returns and reports required by law to be filed by it and will promptly pay all taxes and
governmental charges at any time owing by it (other than any amount of tax the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on
the books of such Person). 
 SECTION 5.4 Negative Covenants of the Depositor At all times from the Closing Date to and including the
final Payment Date: 
 (a) No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction Documents, the
Depositor shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) (or the filing of any financing statement) upon or with respect to (i) any of the
Sold Assets, or (ii) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof or (iii) any account which concentrates in a
Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents). 

(b) No Extension or Amendment of Receivables. The Depositor shall not claim or assert that it has, solely in its capacity as Depositor,
the right to extend, amend or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract pursuant to which such Pool Receivable is created. 

  
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 (c) Change of Name, Etc. The Depositor shall not change its name, identity, jurisdiction
of formation or structure (including through a merger) or the location of its chief executive office or make any other change which, in the case of the foregoing, could cause any UCC financing statement filed in connection with this Agreement or any
other Transaction Document to become “seriously misleading” under the UCC or change its jurisdiction of organization, unless at least thirty (30) days prior to the effective date of any such change the Depositor delivers to the Issuer
and the Indenture Trustee such documents, instruments or agreements, executed by the Depositor as are necessary to reflect such change and to continue the perfection of the Issuer’s and the Indenture Trustee’s ownership interests or
security interests in the Sold Assets. The Depositor will not become or seek to become organized under the laws of more than one jurisdiction. 

SECTION 5.5 Repurchases by the Depositor. 

(a) If a Responsible Officer of the Depositor has actual knowledge, or receives written notice, of a breach of the representations or
warranties made by the Depositor pursuant to Section 5.2(II) with respect to any Pool Receivable that materially and adversely affects the interest of the Issuer or the Noteholders in such Pool Receivable and such breach has not been cured in
all material respects by the last day of the second full Collection Period (or, at the Depositor’s option, the first full Collection Period) after the Responsible Officer obtains actual knowledge or is notified of such breach, the Depositor
will repurchase such Pool Receivable by remitting (or causing to be remitted) an amount equal to the then Net Book Value of such Receivable (the “Repurchase Amount”) for such Receivable to the Collection Account on the Business Day
preceding the Payment Date after such Collection Period. 
 (b) The sole remedy for a breach of the representations and warranties of the
Depositor contained in Section 5.2(II) that has not been cured is (i) to require the Depositor to repurchase any Pool Receivable with respect to which the Depositor’s breach of such representations and warranties materially and
adversely affected the interests of the Issuer or Noteholders in such Pool Receivable, or (ii) to require the Depositor or the Indenture Trustee to enforce the obligation of CCG to repurchase such Pool Receivable pursuant to Section 5.4 of
the Purchase Agreement. None of the Servicer, the Owner Trustee, the Indenture Trustee or the Depositor will have any duty to conduct an investigation as to the occurrence of any condition requiring the repurchase of any Receivable pursuant to
Section 5.5(a). 
 (c) When the Repurchase Amount is included in Available Amounts for a Payment Date, the Issuer will, without further
action, be deemed to have sold and assigned to the Depositor as of the last day of the second preceding Collection Period all of the Issuer’s right, title and interest in and to the Pool Receivable repurchased by the Depositor pursuant to
Section 5.5(a) and security and documents relating to such Pool Receivable. Such sale will not require any action by the Issuer and will be without recourse, representation or warranty by the Issuer or by the Indenture Trustee except the
representation that the Issuer owns such Pool Receivable free and clear of any Liens other than Permitted Liens. Upon such sale, the Servicer will mark its 

  
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computer records to indicate that such Receivable is no longer a Pool Receivable and take any action necessary or appropriate to evidence the sale of such Receivable, free from any Lien of the
Issuer or the Indenture Trustee. 
 SECTION 5.6 Indemnities by the Depositor. The Depositor shall be liable in accordance herewith
only to the extent of the obligations specifically undertaken by the Depositor under this Agreement. 
 (a) The Depositor will, or will
cause the Servicer to, indemnify, defend and hold harmless the Owner Trustee, the Issuer, the Indenture Trustee, the Back-Up Servicer and the Custodian and their respective officers, directors, employees and agents from and against any taxes that
may at any time be asserted against any such Person with respect to the transactions or activities contemplated in this Agreement and any of the Transaction Documents (except any income taxes arising out of fees paid to the Owner Trustee and the
Indenture Trustee and except any taxes to which the Owner Trustee or the Indenture Trustee may otherwise be subject to, without regard to the transactions contemplated hereby), including any sales, gross receipts, general corporation, tangible or
intangible personal property, privilege or license taxes (but, in the case of the Issuer, not including any taxes asserted with respect to, federal or other income taxes arising out of distributions on the Notes) and costs and expenses in defending
against the same. 
 (b) The Depositor will, or will cause the Servicer to, indemnify, defend and hold harmless the Issuer, the Owner
Trustee, the Indenture Trustee, the Back-Up Servicer and the Custodian and their respective officers, directors, employees and agents thereof from and against any loss, liability or expense incurred by reason of (i) the Depositor’s willful
misfeasance, bad faith or negligence in the performance of its duties under this Agreement, or by reason of reckless disregard of its obligations and duties under this Agreement and (ii) the Depositor’s or the Issuer’s violation of
federal or state securities laws in connection with the offering and sale of the Notes. 
 (c) The Depositor will, or will cause the
Servicer to, indemnify, defend and hold harmless the Issuer, the Owner Trustee, Indenture Trustee, Custodian and Back-Up Servicer and their respective officers, directors, employees and agents thereof from and against any and all costs, expenses,
losses, claims, damages and liabilities arising out of, or incurred in connection with the acceptance or performance of the trusts and duties set forth herein and in the Transaction Documents except to the extent that such cost, expense, loss,
claim, damage or liability shall be due to the willful misfeasance, bad faith or gross negligence (except for errors in judgment) of the Owner Trustee, Indenture Trustee, the Custodian and the Back-Up Servicer, respectively. 

Indemnification under this Section shall survive the resignation or removal of the Owner Trustee, the Indenture Trustee, the Back-Up Servicer
or the Custodian and the termination of this Agreement, the Indenture, the Custodian Agreement or the Trust Agreement, as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. Notwithstanding
anything else set forth in this Sale and Servicing Agreement or the Transaction Documents, the Owner Trustee, the Indenture Trustee, the Back-Up Servicer or the Custodian agree that the obligations of the Depositor and of the Servicer shall be
recourse only to the assets of such Persons, and specifically shall not be recourse to the Owner Trust Estate. If the Depositor shall have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are
made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Depositor, without interest. 

  
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 ARTICLE VI 

THE SERVICER 
 SECTION 6.1
Representation and Warranties of the Servicer. The Servicer represents and warrants to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool
Receivables and which will survive the sale of the Pool Receivables to the Issuer and pledge thereof to the Indenture Trustee pursuant to the Indenture: 

(a) Corporate Existence and Power. It (i) is a corporation, duly organized, validly existing and in good standing under the Laws
of its jurisdiction of organization as specified in the preamble herein, (ii) is not organized under the Laws of any other jurisdiction or governmental authority, (iii) has all corporate power and all licenses, authorizations, consents and
approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is conducted (except where the failure to have any such licenses, authorizations, consents and approvals
would not individually or in the aggregate have a Material Adverse Effect) and (iv) is duly qualified to do business and is in good standing in every other jurisdiction in which the nature of its business or ownership or lease of its properties
requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. 

(b) Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by it of this Agreement and the
other Transaction Documents to which it is a party: (i) are within its corporate powers, (ii) have been duly authorized by all necessary corporate and shareholder action, (iii) require no action by or in respect of, or filing with,
any Official Body or official thereof (except which have been (or as of the Closing Date will have been) duly made and in full force and effect), (iv) do not contravene, conflict with or constitute a default under (1) its articles of
incorporation or by laws, (2) any Law applicable to it, (3) any material contractual restriction binding on or affecting it or its property or (4) any order, writ, judgment, award, injunction or decree binding on or affecting it or
its property or (v) will not result in the creation or imposition of any Lien upon or with respect to its property (except as contemplated hereby), which could reasonably be expected to have a Material Adverse Effect. 

(c) Binding Effect. Each of this Agreement and the other Transaction Documents to which it is a party has been duly executed and
delivered and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and by
general principles of equity, regardless of whether such enforceability is considered in a proceeding equity or at law. 
 (d) Accuracy
of Information. All written information heretofore furnished by it to the Issuer or the Indenture Trustee for purposes of or in connection with this Agreement or any transaction contemplated hereby is true, complete and accurate in every
material respect, on the date such information is stated or certified, and no such item contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained therein, in the light of
the circumstances under which they were made, not misleading. 

  
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 (e) Tax Status. It has (i) filed all tax returns (federal, state and local) required
to be filed, (ii) paid or made adequate provision for the payment of all taxes, assessments and other governmental charges except for taxes, assessments and other governmental charges that are being contested in good faith through appropriate
proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP and (iii) no tax lien has been filed and to its knowledge, no tax lien claim is being asserted against any of its properties which could
reasonably be expected to have a Material Adverse Effect. 
 (f) Action, Suits. It is not in violation of any order of any Official
Body or arbitrator. There are no actions, suits, litigation, investigations or proceedings pending, or to its knowledge, threatened, against or affecting it or any of its Affiliates or their respective properties, in or before any Official Body or
arbitrator, which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (g) Principal
Place of Business; Chief Executive Office; Location of Records. Its principal place of business, chief executive office and the offices where it keeps all its records related to the Contracts and Pool Receivables are located at the address(es)
described on Schedule 3 or such other locations notified to the Issuer and the Indenture Trustee in accordance with this Agreement. 
 (h)
Nature of Pool Receivables. Each Pool Receivable satisfied the definition of “Eligible Receivable” set forth in the Indenture as of the Closing Date. 

(i) Credit and Collection Policy. The Credit and Collection Policy attached hereto as Exhibit C is the Credit and Collection Policy in
effect as of the Closing Date. The Servicer has at all times complied with the Credit and Collection Policy with regard to each Pool Receivable. 

(j) No Servicer Default or Event of Default. No event exists and no condition exists which constitutes a Servicer Default or an Event
of Default. 
 (k) Not an Investment Company. It is not, and is not controlled by, an “investment company” within the
meaning of the Investment Company Act of 1940, or is exempt from all provisions of such act. 
 (l) Lock-Box Accounts. The names and
addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks are specified in Schedule 2, as updated from time to time by from the Servicer to the Issuer and the Indenture Trustee. All
Obligors have been instructed to make payment in respect of the Contracts to a Lock-Box Account pursuant to Section 6.2(f). The Servicer shall at all times have the ability to identify and segregate all of the Collections from other funds on
deposit in each Lock-Box Account within five (5) Business Days after receipt of such Collections. 
 (m) Nonconsolidation. The
Servicer is operated in such a manner that the separate corporate existence of the Depositor would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, or any Affiliate of the Servicer. 

  
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 (n) Compliance with Law. It has complied with all Applicable Laws to which it may be
subject (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply
would not have a Material Adverse Effect. 
 (o) Lock-Box Intercreditor Agreement. Other than the Issuer and the Indenture Trustee,
no Person has become a “Joined Party” (as such term is defined in the Lock-Box Intercreditor Agreement) since March 31, 2010. 

(p) Representations and Warranties in other Transaction Documents. Each of the representations and warranties made by the Servicer
contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it hereby makes each such representation and warranty to, and for the benefit of, the Issuer and the Indenture Trustee as if the
same were set forth in full herein. 
 SECTION 6.2 Covenants. At all times from the Closing Date to the final Payment Date, unless
the Issuer or Indenture Trustee (at the direction of the Majority Holders) shall otherwise consent in writing, the Servicer hereby covenants and agrees with the Issuer for the benefit of the Indenture Trustee and the Noteholders: 

(a) Change in Credit and Collection Policy. Within five (5) Business Days of the date on which any material amendment or
modification to the Credit and Collection Policy is made that would affect the servicing and collection of the Contracts related to the Pool Receivables, the Servicer shall provide the Issuer, each Rating Agency and the Indenture Trustee with a copy
of the Credit and Collection Policy then in effect and indicating such change or amendment, provided, however, that no such material amendment or modification to the Credit and Collection Policy shall be effective without the prior written consent
of the Majority Holders. Section 6.3(c) hereof provides guidance as regards “material” changes for this purpose. 
 (b)
Compliance with Laws, Etc. The Servicer shall comply with all Laws to which it or its respective properties may be subject and preserve and maintain its corporate existence, rights, franchises, qualifications and privileges except where
failure to so comply would not have a Material Adverse Effect. 
 (c) Furnishing of Information and Inspection of Records. Once per
calendar year at expense of the party requesting such audit or inspection, the Servicer shall at any time during regular business hours, upon reasonable notice, as requested by the Issuer, permit the Issuer or its appointees (including without
limitation the Indenture Trustee on behalf of the Noteholders, and its appointees and designees) to (A) examine and make copies of and take abstracts from all books, records and documents (including computer tapes and disks) relating to the
Pool Receivables or other Collateral and (B) visit the offices and properties of the Servicer, as applicable, for the purpose of examining such materials described in clause (i), and to discuss matters relating to the Collateral or the
Servicer’s performance hereunder, under the Pool Receivables and under the other Transaction Documents to which it is a party with any of the officers, directors, or in the presence of an officer, employee or independent public accountant of
the Servicer having knowledge of such matters. 

  
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 (d) Keeping of Records and Books of Account. The Servicer shall maintain and implement
administrative and operating procedures (including an ability to recreate records evidencing Pool Receivables and the related Contracts in the event of the destruction of the originals thereof), and keep and maintain, all documents, books, computer
tapes, disks, records and other information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to permit the daily identification of substantially all Collections of and adjustments to such Pool
Receivables). 
 (e) Performance and Compliance with Contracts, Pool Receivables and Credit and Collection Policy. The Servicer
shall, at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables and the Issuer; and the Servicer, as to
itself, shall timely and fully comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract. 

(f) Instructions to the Obligors. The Servicer shall instruct all Obligors to cause all Collections to be deposited directly to a
Lock-Box Account or to post office boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank and deposited into
a Lock-Box Account on a daily basis. 
 (g) Deposits to Collection Account. The Servicer shall not deposit or otherwise credit, or
cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables. The
Servicer shall at all times direct the Intercreditor Master Agent, and provide written disbursement instructions to the Intercreditor Master Agent directing it, to disburse funds from the Lock-Box Account which is subject to the Lock-Box
Intercreditor Agreement to the Collection Account in accordance with Section 4(f) of the Lock-Box Intercreditor Agreement. 
 (h)
Taxes. The Servicer will file all tax returns and reports required by law to be filed by it and will promptly pay all taxes and governmental charges at any time owing by it (other than any amount of tax the validity of which is currently
being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on the books of such Person). 

(i) Insurance. The Servicer will cause the related Obligors to maintain the following types of insurance: with respect to a Pool
Receivable that is a lease, liability and property damage and with respect to a Pool Receivable that is a loan, property damage on the Equipment in accordance commensurate with insurance maintained by companies engaged in similar lines of business.

 (j) Titles. 

(i) Prior to the occurrence of a Servicer Default or an Event of Default, the Servicer shall hold the titles to Equipment
evidenced by a certificate of title in trust for the benefit of the Indenture Trustee and the Noteholders. 
 (ii) At all
times after the occurrence of a Servicer Default or an Event of Default, the Servicer shall deliver all titles to Equipment evidenced by a certificate of title to the Custodian. 

  
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 (k) Custodian File. Not later than the Closing Date or ten Business Days following any
applicable Substitution Date, the Servicer shall cause to be delivered to the Custodian an accurate and complete Custodian File for each related Pool Receivable. 

(l) Protection of Security Interest of the Issuer and the Indenture Trustee. The Servicer agrees that it shall, from time to time, at
its expense, promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Issuer or the Indenture Trustee may reasonably request in order to perfect or protect the Issuer’s security interest and
Indenture Trustee’s security interest in the Pool Receivables or to enable the Issuer or the Indenture Trustee to exercise or enforce any of its respective rights under this Agreement and any other Transaction Document to which it is a party.
Without limiting the foregoing, the Servicer shall, upon the request of the Issuer or the Indenture Trustee (i) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to
be executed and filed pursuant hereto) with respect to Equipment having an aggregate invoiced cost greater than $25,000 and (ii) mark its respective master data processing records and other documents with a legend describing the security
interest granted to the Issuer in the Collateral. Without limiting the foregoing, the Servicer may in its discretion execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to
be executed and filed pursuant hereto) with respect to Equipment having an aggregate invoiced cost of $25,000 or less. To the fullest extent permitted by Applicable Law, the Issuer (or its assignee) shall be permitted to sign and file continuation
statements and amendments thereto and assignments thereof without the Depositor’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. 

(m) Notice to Obligors. Upon an Event of Default or a Servicer Default, to the extent the laws or regulations of a State require a
lienholder to provide notice to an Obligor if the security interest in the related property has been assigned, the Servicer will provide the related Obligor with notice of the Indenture Trustee’s security interest in the Equipment. 

SECTION 6.3 Negative Covenants of the Servicer. At all times from the Closing Date to the final Payment Date, unless the Issuer shall
otherwise consent in writing, the Servicer hereby covenants and agrees with the Issuer and the Indenture Trustee as follows: 
 (a) No
Sales, Liens, Etc. Except as otherwise provided herein, Servicer not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) upon, or file any financing
statement with respect to: (i) any of the Collateral, or (ii) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Related Security, or assign any right to receive income in respect thereof;
provided, that the Servicer, at the direction of the Originator, may substitute Eligible Receivables in accordance with Section 3.3. 

  
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 (b) No Extension or Amendment of Contracts. Except as otherwise permitted in
Section 3.2, the Servicer shall not extend, amend or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract related thereto. 

(c) No Material Change in Credit and Collection Policy Without Consent. The Servicer may not make or permit to be made any material
change to the Credit and Collection Policy without the prior written consent of the Majority Holders. For purposes hereof and for Section 6.2(a), a change to the Credit and Collection Policy, is “material” if such change would, if
made, impair the collectability of any Pool Receivable or otherwise have a Material Adverse Effect. 
 (d) Change in Payment Instructions
to Obligors. The Servicer shall not add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Schedule 2 or make any change in any material respect in its instructions to Obligors regarding
payments to be made to any Lock-Box Account, unless (i) such instructions are to deposit such payments to another existing Lock-Box Account or to the Collection Account and (ii) the Issuer, the Indenture Trustee shall have received written
notice of such addition, termination or change at least thirty (30) days prior thereto and the Majority Holders shall have given prior written approval thereof. 

(e) Change of Name, Etc. The Servicer shall not change its name, identity, jurisdiction of formation or structure (including through a
merger) or the location of its chief executive office or make any other change which, in the case of the foregoing, could cause any UCC financing statement filed in connection with this Agreement or any other Transaction Document to become
“seriously misleading” under the UCC or change its jurisdiction of organization, unless at least thirty (30) days prior to the effective date of any such change the Servicer delivers to the Issuer and the Indenture Trustee such
documents, instruments or agreements, executed by the Servicer as are necessary to reflect such change and to continue the perfection of the Issuer’s and the Indenture Trustee’s ownership interests or security interests in the Collateral.
The Servicer will not become or seek to become organized under the laws of more than one jurisdiction. 
 SECTION 6.4 Indemnities by the
Servicer Without limiting any other rights which the Indenture Trustee, the Issuer, the Owner Trustee, the Back-Up Servicer and the Custodian or any of their respective officers, directors, employees or agents (each, for purposes of this
Section 6.4, the “Indemnified Parties”) may have hereunder, under the Indenture or under Applicable Law, the Servicer hereby agrees to indemnify (without recourse, except as otherwise specifically provided in this Agreement)
the Indemnified Parties from and against any and all damages, losses, claims, liabilities, costs and expenses, including reasonable attorneys’ fees and disbursements (collectively being referred to as “Indemnities”) arising out
of or resulting from (whether directly or indirectly) (a) the failure of any information contained in any Servicer Report (to the extent provided by the Servicer) to be true and correct, or the failure of any other information provided to any
Indemnified Party by, or on behalf of, the Servicer to be true and correct, (b) the failure of any representation, warranty or statement made or deemed made by the Servicer (or any of its officers) under or in connection with this Agreement to
have been true and correct as of the date made or deemed made, (c) the failure by the Servicer to comply with any Applicable Law with respect to any Pool Receivable, (d) any failure of the Servicer to perform


  
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its duties or obligations in accordance with the provisions hereof whether or not resulting in a Servicer Default hereunder and (e) the failure by the Servicer to accept or perform the
trusts and duties set forth herein and in the Transaction Documents; excluding, however, (a) Indemnities resulting from gross negligence or willful misconduct on the part of such Indemnified Party and (b) Indemnities to the extent solely
due to non-payment by any Obligor of an amount due and payable with respect to a Pool Receivable for credit reasons. 
 Indemnification
under this Section 6.4 shall survive the resignation or removal of the Owner Trustee, the Indenture Trustee, the Back-Up Servicer or the Custodian and the termination of this Agreement, the Indenture, the Custodian Agreement or the Trust
Agreement, as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. If the Servicer shall have made any indemnity payments pursuant to this Section 6.4 and the Person to or on behalf of whom
such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Servicer, without interest. 

SECTION 6.5 Breach of Representations; Non-Permitted Extension. If as of the end of any calendar month: (a) any Scheduled Payment
of a Pool Receivable is reduced or such Pool Receivable is canceled, (b) any of the representations or warranties set forth in Article VI was or becomes untrue in any material respect with respect to a Pool Receivable, (c) any Pool
Receivable has been amended, modified, adjusted or extended other than pursuant to a Permitted Servicer Adjustment or (d) the Servicer is in breach of any other covenant set forth in this Article VI and such breach materially and adversely
affects the interest of the Issuer or the Noteholders in the related Pool Receivable, the Servicer shall pay to the Indenture Trustee on behalf of the Issuer by no later than the next Payment Date in immediately available funds an amount equal to
the Repurchase Amount of such Pool Receivable and such amount shall be promptly deposited into the Collection Account and applied by the Indenture Trustee as a Collection in accordance with Section 4.5(a) of the Indenture. 

SECTION 6.6 Merger or Consolidation of, or Assumption of the Obligations of, Servicer The Servicer shall not consolidate with or merge
into any other Person or convey or transfer its properties and assets substantially as an entirety to any Person unless: 
 (a) (i) the
Person formed by such consolidation or into which the Servicer is merged or the Person which acquires by conveyance or transfer the properties and assets of the Servicer substantially as an entirety shall be, if the Servicer is not the surviving
entity, a corporation, limited partnership or limited liability company organized and existing under the laws of the United States of America or any State or the District of Columbia, and such entity shall have expressly assumed, by an agreement
supplemental hereto, executed and delivered to the Indenture Trustee, in form reasonably satisfactory to the Indenture Trustee, the performance of every covenant and obligation of the Servicer hereunder for which such Person shall act as Servicer;
(ii) the surviving entity of such merger or conveyance or transfer of property and assets is a consolidated subsidiary of CCG; and (iii) the Servicer shall have delivered to the Indenture Trustee an Officer’s Certificate and an
Opinion of Counsel each in form reasonably satisfactory to the Indenture Trustee stating that such consolidation, merger, conveyance or transfer complies with this Section 6.6 and that all conditions precedent herein provided for
relating to such transaction have been complied with; 

  
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 (b) each Rating Agency shall have received prior notice from the Servicer of the proposed
consolidation or merger or conveyance or transfer, as the case may be, and shall not have indicated to the Issuer, the Servicer or the Indenture Trustee, that such action would result in a reduction or withdrawal of the rating of the Notes; and 

(c) the corporation, limited partnership or limited liability company formed by such consolidation or into which the Servicer is merged or
which acquires by conveyance or transfer the properties and assets of the Servicer substantially as an entirety shall have all licenses and approvals of governmental authorities required to service the Pool Receivables for which the Servicer shall
act in such capacity, except to the extent the failure to have any such license does not have, and could not reasonably be expected to have, a Material Adverse Effect. 

SECTION 6.7 The Servicer May Own Notes. The Servicer may become the owner or pledgee of the Notes and may deal with the Depositor, the
Indenture Trustee and the Issuer in banking transactions with the same rights as it would have if it were not Servicer. 
 ARTICLE VII 

SERVICER DEFAULTS 
 SECTION
7.1 Servicer Default The occurrence of any one or more of the following events shall constitute a “Servicer Default”: 

(a) failure to make any payment, transfer or deposit on or before the date occurring three Business Days after the date of such payment,
transfer, deposit, instruction, or notice is required to be made or given hereunder or pursuant to the Indenture and notice thereof has been given to a Responsible Officer of the Servicer in writing; 

(b) an Event of Bankruptcy occurs with respect to the Servicer; 

(c) any representation, warranty or certification made by the Servicer hereunder or in any certificate delivered hereunder shall prove to have
been incorrect when made, has a Material Adverse Effect and continues to be incorrect in any material respect for a period of 30 days after the first to occur of (i) the date on which written notice of such incorrectness shall have been given
to the Servicer by the Indenture Trustee or the Majority Holders or (ii) the date on which the Servicer becomes aware of the incorrectness (provided, that, the Indenture Trustee shall not be obligated to determine materiality for
purposes of this Section 7.1(c)); 
 (d) failure to observe or perform in any material respect any other covenant or agreement of the
Servicer hereunder which materially and adversely affects the rights of the Noteholders and continues unremedied for a period of 30 days after the earlier of (i) the date the Servicer or Issuer receives notification in writing of such failure
from the Indenture Trustee or the Majority Holders or (ii) the Servicer learns of such failure (provided, that, the Indenture Trustee shall not be obligated to determine materiality for purposes of this Section 7.1(d)); and

 (e) the Servicer’s Tangible Net Worth at the end of any calendar quarter is less than $35,000,000. 

  
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 The Servicer will notify the Depositor, the Owner Trustee, the Indenture Trustee, the Back-Up
Servicer and each Rating Agency of any Servicer Default under this Section 7.1, no later than five (5) Business Days after a Responsible Officer of the Servicer obtains actual knowledge of such event. 

SECTION 7.2 Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Servicer or the Back-Up
Servicer, the Indenture Trustee shall give prompt written notice thereof to each Noteholder and to the Depositor (who shall promptly deliver such notice to each Rating Agency). 

SECTION 7.3 Waiver of Servicer Defaults. The Majority Holders, or, if no Notes are Outstanding, the Owner Trustee, at the direction of
the Certificateholder, may waive any Servicer Default and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Bank Accounts in accordance with this Agreement that resulted in an
Event of Default in the payment of principal or interest on the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) under the Indenture. Upon any such waiver of a Servicer Default, such
Servicer Default will cease to exist and will be deemed to have been remedied for every purpose under this Agreement. No such waiver will extend to any subsequent or other event or impair any right resulting from such waiver. The Issuer will
promptly notify each Rating Agency of any such waiver. 
 SECTION 7.4 Effect of a Servicer Default. 

(a) Upon receipt of notice from the Servicer of the occurrence of a Servicer Default, the Indenture Trustee may, and upon the written
direction of the Majority Holders shall, designate as Servicer the Back-Up Servicer or any other Person that is an established financial institution having a Tangible Net Worth of at least $50,000,000 and the regular business of which includes the
servicing of receivables similar to the Pool Receivables to succeed CCG or any successor (the “Successor Servicer”), on the condition in each case that any such Person so designated shall agree to perform the duties and obligations
of the Servicer pursuant to the terms hereof, provided, however, that if a Servicer Default occurs as a result of an Event of Bankruptcy with respect to the Servicer, the Back-Up Servicer shall become the Successor Servicer without any
action by the Indenture Trustee or the Noteholders. Upon such agreement by the Successor Servicer, all authority and power of the Servicer under this Agreement shall pass to and be vested in the Successor Servicer and all references in this
Agreement to the Servicer shall be deemed to refer to the Successor Servicer. As compensation, any Successor Servicer (including, without limitation, the Back-Up Servicer) so appointed shall be entitled to receive the Servicing Fee and any
reasonable out-of-pocket expenses, together with any other servicing compensation in the form of assumption fees or otherwise as provided herein, including, without limitation, the reasonable costs (including reasonable attorneys’ fees) of the
Successor Servicer incurred in connection with the transferring of servicing obligations under this Agreement. 
 (b) Upon the designation
of a Successor Servicer as set forth above, CCG agrees that it will terminate its activities as Servicer hereunder in a manner which the Indenture Trustee determines will facilitate the transition of the performance of such activities to the
Successor Servicer, and CCG shall cooperate with and assist such Successor Servicer. Such cooperation 

  
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shall include access to and transfer of records and use by the Successor Servicer of all records, licenses, hardware or software necessary or desirable to collect the Pool Receivables and the
Related Security. 
 (c) The Servicer hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall
act (if the then current Servicer so requests) for a six (6) month period of time following the termination of the Servicer as the data-processing agent of the Servicer and, in such capacity, the Originator shall conduct the data-processing
functions of the administration of the Pool Receivables and the Collections thereon in substantially the same way that the Originator conducted such data-processing functions while it acted as the Servicer at the Originator’s expense. 

(d) Any Successor Servicer hereunder may, to the extent agreed by the Indenture Trustee (at the written direction of the Majority Holders),
use credit and collection policies and procedures other than the Credit and Collection Policy in servicing the Pool Receivables. 
 (e) The
Back-Up Servicer hereby accepts any appointment of it as Successor Servicer that the Indenture Trustee (at the written direction of the Majority Holders) may make from time to time pursuant to Section 7.4 and agrees to assume all duties and
obligations of the Servicer hereunder. Upon the Back-Up Servicer receiving notice that it is required to serve as the Servicer hereunder pursuant to Section 7.4 the Back-Up Servicer will promptly begin the transition to its role as Servicer. If
the Back-Up Servicer has become the Servicer hereunder, it shall not resign as servicer until a Successor Servicer has been appointed and accepted such appointment. Notwithstanding anything contained herein to the contrary, PFSC, as Successor
Servicer, shall have no (i) substitution obligations under Section 3.3, (ii) repurchase rights or obligations under Sections 3.4 and 6.5, (iii) servicer advance rights or obligations under Section 3.6,
(iv) responsibilities for the representations and warranties of any prior servicer, (v) indemnity obligations of any prior servicer, (vi) financial covenant obligations under Section 7.1 and (vii) obligation to bring suits
in its own name in its capacity as Successor Servicer. In addition, PFSC, as Successor Servicer, shall not be responsible for the costs of audits or inspections as a result of a Default or Event of Default under Section 6.2(c) unless PFSC is
reimbursed for such costs pursuant to Sections 4.5(a) or (b) of the Indenture. 
 ARTICLE VIII 

THE BACK-UP SERVICER 

SECTION 8.1 Representations of Back-Up Servicer. The Back-Up Servicer makes the following representations and warranties: 

(a) The Back-Up Servicer has been duly organized and is validly existing as a corporation duly organized and validly existing in good standing
under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties shall be currently owned and such business is presently conducted. 

(b) The Back-Up Servicer has the power and authority to execute and deliver this Agreement and any other Transaction Document to which it is a
party and to carry out its respective terms, and the execution, delivery, and performance of this Agreement and any other Transaction Document to which it is a party shall have been duly authorized by the Back-Up Servicer by all necessary corporate
action. 

  
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 (c) This Agreement and any other Transaction Document to which it is a party constitutes a legal,
valid, and binding obligation of the Back-Up Servicer enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of
creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law. 

(d) The entering into of this Agreement and the other Transaction Documents to which it is a party and the performance by the Back-Up Servicer
of its obligations under such agreements and the consummation of the transactions herein and therein contemplated will not (i) conflict with the organizational documents of the Back-Up Servicer or result in a breach of any of the terms or
provisions of, conflict with or constitute a default under, any agreement, mortgage, deed of trust or other such instrument to which the Back-Up Servicer is a party or by which it is bound; (ii) result in the creation or imposition of any lien,
charge or encumbrance upon any of the property or assets of the Back-Up Servicer pursuant to the terms of any material agreement, mortgage, deed of trust or other agreement or instrument to which it is a party or by which it is bound or to which any
of its property or assets is subject; or (iii) result in any violation of any statute or any order, rule or regulation of any court or any regulatory authority or other governmental agency or body having jurisdiction over it or any of its
properties. 
 (e) There are no proceedings or investigations pending or, to the Back-Up Servicer’s best knowledge, threatened before
any court, regulatory body, administrative agency, or other governmental instrumentality having jurisdiction over the Back-Up Servicer or its properties (i) asserting the invalidity of this Agreement or any of the other Transaction Documents to
which it is a party, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents to which it is a party, or (iii) seeking any determination or ruling that
might materially and adversely affect the performance by the Back-Up Servicer of its obligations under, or the validity or enforceability of, this Agreement or any other Transaction Documents to which it is a party. 

(f) The Back-Up Servicer has and shall preserve its qualification to do business as a foreign corporation in each jurisdiction in which such
qualification is or shall be necessary or desirable to enable it to perform its duties as Back-Up Servicer and Successor Servicer under this Agreement or under any of the other Transaction Documents to which it is a party, except where the failure
to so qualify would not have a Material Adverse Effect. 
 (g) The Back-Up Servicer has operated its business in accordance with all
Applicable Laws and regulations and it is not in violation of any such laws or regulations other than such violations which singly or in the aggregate do not, and, with the passage of time will not, have a material adverse affect on its business or
assets, or its ability to perform its obligations under this Agreement. 

  
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 (h) The Back-Up Servicer shall be provided by the Servicer the information it reasonably requires
to perform its duties set forth in Section 8.4 and the Back-Up Servicer acknowledges that it has the systems in place capable of providing and storing such information. 

SECTION 8.2 Merger or Consolidation of, or Assumption of the Obligations of, Back-Up Servicer. Any Person (a) into which the
Back-Up Servicer may be merged or consolidated, (b) which may result from any merger or consolidation to which the Back-Up Servicer shall be a party, or (c) which may succeed to the properties and assets of the Back-Up Servicer
substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Back-Up Servicer hereunder, shall be the successor to the Back-Up Servicer under this Agreement without
further act on the part of any of the parties to this Agreement. 
 SECTION 8.3 Back-Up Servicer Resignation and Removal. 

(a) The Back-Up Servicer shall not resign from its obligations and duties under this Agreement or any other Transaction Document to which it
is a party except (a) as required in Section 8.2, (b) upon determination that the performance of its duties shall no longer be permissible under Applicable Law (any such determination permitting the resignation of the Back-Up Servicer
shall be evidenced by an opinion of Independent counsel to such effect delivered to the Indenture Trustee), or (c) with the prior written consent of the Indenture Trustee (at the written direction of the Majority Holders), but only if, in any
such case, a replacement Back-Up Servicer is found that (i) is experienced in the business of acting as servicer with respect to financial agreements of the type comprising the Pool Receivables and (ii) will provide back-up servicing and
agree to become the Successor Servicer on the same terms as then in effect under this Agreement and the other Transaction Documents. 
 (b)
The Servicer may, with the prior written consent of the Indenture Trustee (at the written direction of the Majority Holders, which consent and direction shall not be unreasonably withheld), terminate the Back-Up Servicer for cause;
provided, however, that concurrent with such termination, the Servicer shall replace PFSC with a back-up servicer meeting the requirements set forth in Section 7.4. 

(c) Upon the Back-Up Servicer’s resignation or termination pursuant to Section 8.2 or this Section 8.3, notice thereof shall be
provided to the Indenture Trustee and each Rating Agency, and the Back-Up Servicer shall comply with the provisions of this Agreement and the other Transaction Documents to which it is a party until the acceptance of a successor Back-Up Servicer
acceptable to the Majority Noteholders. 
 SECTION 8.4 Obligations of Back-Up Servicer. 

(a) The Back-Up Servicer shall serve in a reserve capacity to the Servicer, and shall be willing to assume the duties of the Servicer on
direction from the Indenture Trustee. In its capacity as Back-Up Servicer, the Back-Up Servicer shall perform the following duties: 

(A) on a monthly basis, receive the Servicer’s month-end portfolio file extracted from the Servicers’ servicing
system in a mutually agreed upon format containing information regarding the Pool Receivables sold to the Issuer; 

  
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 (B) on a monthly basis, receive from the Servicer the Servicer Report which
includes information for the Pool Receivables purchased by the Issuer; and 
 (C) on a monthly basis, the Back-Up Servicer
shall load the Servicer’s month-end portfolio file on to the Back-Up Servicer’s data warehouse system. 
 (b) Other than as
specifically set forth elsewhere in this Agreement or in any other Transaction Document, the Back-Up Servicer shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no liability for any
action taken or omitted by the Servicer. 
 (c) The Back-Up Servicer shall consult fully with the Servicer as may be necessary from time to
time to perform or carry out the Back-Up Servicer’s obligations hereunder, including the obligation to succeed at any time to the duties and obligations of the Servicer as servicer under Section 7.3. 

SECTION 8.5 Back-Up Servicer Compensation. 

As compensation for the performance of its obligations as Back-Up Servicer under this Agreement and the other Transaction Documents to which
it is a party, the Back-Up Servicer shall be entitled to receive the Back-Up Servicer Fee. 
 SECTION 8.6 Duties and
Responsibilities. 
 (a) The Back-Up Servicer shall perform such duties and only such duties as are specifically set forth in this
Agreement and the other Transaction Documents to which it is a party, and no implied covenants or obligations shall be read into this Agreement against the Back-Up Servicer. 

(b) In the absence of bad faith or negligence on its part, the Back-Up Servicer may conclusively rely as to the truth of the statements and
the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Back-Up Servicer and conforming to the requirements of this Agreement and the other Transaction Documents to which it is a party; but in the case of
any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Back-Up Servicer, the Back-Up Servicer shall be under a duty to examine the same and to determine whether or not they conform to the
requirements of this Agreement and the other Transaction Documents to which it is a party. Neither the Back-Up Servicer nor any of its officers, employees or agents shall be liable to the Servicer, the Issuer, the Indenture Trustee or the
Noteholders for any action taken or for refraining from the taking of any action in accordance with customary industry standards for servicing leases and loans of the type which comprise the Pool Receivables, or for mistakes or errors in judgment;
provided, however, that (i) this provision shall not protect the Back-Up Servicer from liability to the Servicer, the Issuer, the Indenture Trustee or the Noteholders for any losses, claims, liabilities, or damages incurred by
such party by reason of willful misconduct or gross negligence of the Back-Up Servicer in the performance of its duties and obligations hereunder, and (ii) in the event that the Back-Up Servicer becomes the successor Servicer hereunder, the
Back-Up Servicer’s duties and responsibilities as Servicer will be as set forth elsewhere in this Agreement and it will no longer be subject to the terms of this Section 8.6. Subject to the preceding sentence, in no event will the


  
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Back-Up Servicer be liable to the Servicer, the Issuer, the Indenture Trustee or the Noteholders for any losses, claims, liabilities or damages incurred by such party arising out of or relating
to the acts or omissions of the Back-Up Servicer in reliance in good faith on any document which is prepared or furnished to it by Servicer or by such other party. No damages shall be assessed or charged against the Back-Up Servicer when any delay
or breach on its part is caused by the failure of the Servicer, the Issuer, the Indenture Trustee or the Noteholders to furnish input or information required of such party, the failure of any utility or communications company to furnish services or
for any other reasons beyond the control of the Back-Up Servicer. Under no circumstances in its capacity under any Transaction Document shall PFSC be responsible to any party for reimbursement of any consequential, special or indirect damages, lost
profits, lost investments or business opportunity, interest, damages to reputation, punitive damages, exemplary damages, treble damages, nominal damages or operating losses. 

(c) Notwithstanding anything contained in this Agreement to the contrary, the Back-Up Servicer shall only be required to perform its
obligations in the time and manner set forth in this Agreement if, and to the extent, any information which is required to be delivered to the Back-Up Servicer or any information on which the Back-Up Servicer is authorized to rely on, is delivered
to the Back-Up Servicer in accordance with provisions of this Agreement or is provided to the Back-Up Servicer in a format that is reasonably acceptable to the Back-Up Servicer, as applicable; provided, however, that nothing in this
paragraph shall be construed to relieve the Back-Up Servicer of its obligations under this Agreement if the failure to appropriately deliver or provide any such information to the Back-Up Servicer is remedied or is otherwise reasonably available to
the Back-Up Servicer without undue cost or time. 
 (d) The terms of this Section 8.6 shall survive the termination of the Back-Up
Servicer’s obligations hereunder. 
 ARTICLE IX 

MISCELLANEOUS 
 SECTION 9.1
Term of Agreement. 
 This Agreement shall terminate on the final Payment Date or the date on which the Notes are redeemed pursuant
to Section 3.13 of the Indenture; provided, however, that (a) the rights and remedies of the Issuer or the Indenture Trustee, with respect to any representation and warranty made or deemed to be made by the Servicer pursuant
to this Agreement, and (b) the indemnification provisions of Sections 5.6 and 6.4, shall be continuing and shall survive any termination of this Agreement. 

  
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 SECTION 9.2 Amendments. 

(a) Any term or provision of this Agreement may be amended by the parties hereto, (and with the consent of the Owner Trustee to the extent
that its respective rights or obligations will be materially and adversely affected, which consent may not be unreasonably withheld, delayed or conditioned) without the consent of any Noteholder or any other Person but with written notice to each
Rating Agency subject to the satisfaction of one of the following conditions: 
 (i) (A) the Servicer or the Issuer
delivers an Officer’s Certificate to the Indenture Trustee and the Owner Trustee to the effect that such amendment will not materially and adversely affect the interest of any Noteholder or (B) the Rating Agency Confirmation is received
with respect to such amendment and the Servicer or the Issuer notifies the Indenture Trustee in writing that the Rating Agency Confirmation has been received with respect to such amendment, and 

(ii) the Servicer or the Issuer delivers an Opinion of Counsel to the Indenture Trustee and the Owner Trustee to the effect
that such amendment will not (A) cause any Note to be deemed sold or exchanged for purposes of Section 1001 of the Internal Revenue Code, (B) cause the Issuer to be treated as an association or publicly traded partnership taxable as a
corporation for U.S. federal income tax purposes, or (C) adversely affect the treatment of the Notes as debt for U.S. federal income tax purposes. 

(b) This Agreement may also be amended from time to time by the parties hereto, (and the consent of the Owner Trustee to the extent that its
respective rights or obligations will be materially and adversely affected, which consent may not be unreasonably withheld, delayed or conditioned) with the consent of the Majority Holders and with written notice to each Rating Agency, for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, that no such amendment shall (i) reduce the
interest rate or principal amount of any Note or change or delay the Maturity Date of any Note without the consent of the related Noteholder or (ii) reduce the percentage of the aggregate outstanding principal balance of the Outstanding Notes,
the consent of which is required to consent to any matter without the consent of the Noteholders of at least the percentage of the Note Balance which was required to consent to such matter before giving effect to such amendment. 

(c) Promptly upon the execution of any amendment in accordance with this Section 9.2, the Issuer will send a copy of such amendment to
the Indenture Trustee and each Rating Agency, and the Indenture Trustee will notify each Noteholder of the substance of such amendment. 

(d) If the consent of the Owner Trustee or the Noteholders is required, they do not need to approve the particular form of any proposed
amendment so long as their consent approves the substance of the proposed amendment. 
 (e) Before executing any amendment to this
Agreement, the Owner Trustee and the Indenture Trustee will be entitled to request, receive and rely upon an Opinion of Counsel delivered by the Depositor stating that the execution of such amendment is authorized or permitted by this Agreement.

 SECTION 9.3 Notices; Payment Information. 

Except as provided below, all communications and notices provided for hereunder shall be in writing (including facsimile or electronic
transmission or similar writing) and shall be given to the other party at its address or facsimile number set forth in Schedule 4 or at such other address or facsimile number as such party may hereafter specify for the purposes of notice to


  
 40 








 
such party. Each such notice or other communication shall be effective (a) if given by facsimile, when such facsimile is transmitted to the facsimile number specified in Schedule 4 and
confirmation is received, (b) if given by mail, three (3) Business Days following such posting, if postage prepaid, and if sent via U.S. certified or registered mail, (c) if given by overnight courier, one (1) Business Day after
deposit thereof with a national overnight courier service, or (iv) if given by any other means, when received at the address specified in Schedule 4. 

SECTION 9.4 Governing Law; Submission to Jurisdiction; Appointment of Service Agent. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE
CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW).  
 (b) EACH OF THE
ISSUER, THE DEPOSITOR, THE BACK-UP SERVICER AND THE SERVICER HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK
FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF THE ISSUER, THE DEPOSITOR AND THE BACK-UP SERVICER AND THE SERVICER HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A
COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 9.4 SHALL AFFECT THE RIGHT OF THE NOTEHOLDERS TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OF THE ISSUER, THE DEPOSITOR, THE BACK-UP SERVICER OR THE SERVICER OR ANY OF THEIR
RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 
 (c) EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE OTHER
TRANSACTION DOCUMENTS. 
 SECTION 9.5 Integration. This Agreement contains the final and complete integration of all prior
expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

  
 41 








 SECTION 9.6 Severability of Provisions. If any one or more of the provisions of this
Agreement shall for any reason whatsoever be held invalid, then such provisions shall be deemed severable from the remaining provisions of this Agreement and shall in no way affect the validity or enforceability of such other provisions. 

SECTION 9.7 Counterparts; Facsimile Delivery. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Delivery by facsimile or other electronic transmission (i.e.,
“pdf” or “tif”) of an executed signature page of this Agreement shall be effective as delivery of an executed counterpart hereof. 

SECTION 9.8 Successors and Assigns; Binding Effect. 

(a) This Agreement shall be binding on the parties hereto and their respective successors and assigns; provided, however, that
neither the Issuer nor the Servicer may assign any of its rights or delegate any of its duties hereunder or under any of the other Transaction Documents to which it is a party without the prior written consent of the Indenture Trustee. Except as
provided in clauses (b), (e), or (h) below, no provision of this Agreement shall in any manner restrict the ability of any Noteholder to assign, participate, grant security interests in, or otherwise transfer its interest in the Notes. 

SECTION 9.9 Nonpetition Covenants. 

(a) Notwithstanding any prior termination of this Agreement, none of the Servicer, the Originator, the Indenture Trustee, the Back-up Servicer
or the Depositor shall, prior to the date which is two years and one day after the payment in full of all obligations of the Issuer in respect of all securities issued by the Issuer, acquiesce, petition or otherwise invoke or cause the Issuer to
invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer. 

(b) Notwithstanding any prior termination of this Agreement, none of the Servicer, the Originator, the Indenture Trustee or the Back-up
Servicer shall, prior to the date that is one year and one day after the payment in full of all obligations of the Depositor in respect of all securities issued by the Depositor, acquiesce to, petition or otherwise invoke or cause the Depositor to
invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Depositor under any federal or state bankruptcy, insolvency or similar law, appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator, or other similar official of the Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Depositor. 

SECTION 9.10 Limitation of Liability of Owner Trustee and Indenture Trustee. 

(a) It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Wilmington Trust,
National Association, not individually or 

  
 42 








 
personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust, National Association but is made and intended for the purpose of binding only the
Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability,
if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) Wilmington Trust, National Association has made no investigation as to the accuracy or completeness of any
representations and warranties made by the Issuer in this Agreement and (e) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for
the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or the other Transaction Documents. 

(b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by U.S. Bank National
Association, not in its individual capacity but solely as Indenture Trustee and in no event shall U.S. Bank National Association have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer
hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. 

(c) In no event shall U.S. Bank National Association, in any of its capacities hereunder, be deemed to have assumed any duties of the Owner
Trustee under the Delaware Statutory Trust Statute, common law, or the Trust Agreement. 
 [Remainder of Page Intentionally Left Blank] 

  
 43 








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

					
	CCG RECEIVABLES IV, LLC,
			as Depositor
		
	By:		/s/ Roger Gebhart
		 	  

			Name:		Roger Gebhart
			Title:		Chief Financial Officer and Treasurer
	
	CCG RECEIVABLES TRUST 2014-1,
			as Issuer
		
	By:		Wilmington Trust, National Association, not in its individual capacity, but solely as Owner Trustee of CCG Receivables Trust 2014-1
		
	By:		/s/ Jennifer A. Luce
		 	  

			Name:		Jennifer A. Luce
			Title:		Vice President
	
	COMMERCIAL CREDIT GROUP INC.,
			as Servicer and as Originator
		
	By:		/s/ Roger Gebhart
		 	  

			Name:		Roger Gebhart
			Title:		Senior Vice President and Chief Financial Officer


 [Signature Page to Sale and Servicing Agreement] 







 
					
	PORTFOLIO FINANCIAL SERVICING
			COMPANY, as Back-Up Servicer
		
	By:		/s/ John Enyart
		 	  

			Name:		John Enyart
			Title:		President
	
	 U.S. BANK NATIONAL ASSOCIATION,

			not in its individual capacity, but solely as Indenture Trustee
		
	By:		/s/ Toby Robillard
		 	  

			Name:		Toby Robillard
			Title:		Vice President


 [Signature Page to Sale and Servicing Agreement] 







 SCHEDULE 1 

Schedule of Pool Receivables 

[see attached] 

  
 S1-1 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1106	 	205281001	 	39	 	1C09091305	 	2184	 	1T05311301
	1932	 	209281206	 	1546	 	1C09101301	 	2224	 	1T06051302
	1075	 	303311006	 	2515	 	1C09101304	 	2044	 	1T06111302
	1454	 	305251202	 	2527	 	1C09181301	 	2273	 	1T06111303
	1786	 	305311205	 	2101	 	1C09241301	 	2283	 	1T06191302
	760	 	306151201	 	2545	 	1C09271301	 	2295	 	1T06251301
	65	 	307301004	 	1190	 	1C10071301	 	1457	 	1T06281302
	173	 	309281203	 	1307	 	1C10171301	 	1710	 	1T07021301
	1100	 	311051002	 	1307	 	1C10171302	 	2313	 	1T07101301
	300299	 	1C01071401	 	300048	 	1C10221301	 	2309	 	1T07111301
	300426	 	1C02191401	 	1857	 	1C10241301	 	2184	 	1T07121301
	1726	 	1C02261401	 	1857	 	1C10241302	 	1988	 	1T07151301
	1149	 	1C04091301	 	300035	 	1C10301301	 	1481	 	1T07181301
	2179	 	1C04111301	 	300098	 	1C10301305	 	1623	 	1T07181302
	1767	 	1C04121301	 	300098	 	1C10301307	 	2180	 	1T07231301
	2064	 	1C04151301	 	300092	 	1C10311302	 	2333	 	1T07301303
	2022	 	1C04151302	 	18	 	1C10311303	 	589	 	1T08021301
	2187	 	1C04161301	 	2128	 	1C11011302	 	1951	 	1T08201301
	39	 	1C04221301	 	1644	 	1C11041301	 	2303	 	1T08201303
	2089	 	1C04221302	 	300118	 	1C11071301	 	2474	 	1T08271302
	2211	 	1C05021301	 	2257	 	1C11141301	 	2173	 	1T09031301
	1857	 	1C05161304	 	1507	 	1C11151301	 	2173	 	1T09031302
	1738	 	1C06031301	 	300155	 	1C11151302	 	2275	 	1T09041301
	1397	 	1C06071301	 	1750	 	1C11271201	 	1892	 	1T09041302
	2043	 	1C06261302	 	300185	 	1C12041301	 	2226	 	1T09041303
	1546	 	1C06271301	 	300190	 	1C12051301	 	2508	 	1T09091301
	2307	 	1C06281301	 	300191	 	1C12051302	 	2534	 	1T09201301
	2257	 	1C06281302	 	615	 	1C12061301	 	14	 	1T09231301
	916	 	1C07021301	 	300214	 	1C12161302	 	2284	 	1T09251301
	2319	 	1C07161301	 	300227	 	1T01141401	 	2552	 	1T09271301
	2322	 	1C07191302	 	1759	 	1T01281401	 	2240	 	1T10041301
	2101	 	1C07241301	 	1257	 	1T01291401	 	792	 	1T10111301
	1441	 	1C07291302	 	470	 	1T02111301	 	300020	 	1T10151301
	1499	 	1C08051301	 	300462	 	1T02261402	 	2280	 	1T10221301
	2237	 	1C08051302	 	2123	 	1T03291301	 	300046	 	1T10241302
	2457	 	1C08121301	 	2062	 	1T04171301	 	2239	 	1T10251301
	2463	 	1C08161301	 	1257	 	1T04251301	 	1645	 	1T10291301
	2467	 	1C08201301	 	722	 	1T04251302	 	300084	 	1T10311301
	2468	 	1C08211301	 	2184	 	1T04261302	 	2240	 	1T11051303
	2470	 	1C08221301	 	2184	 	1T05061301	 	2184	 	1T11061301
	1371	 	1C08271301	 	1892	 	1T05061302	 	300137	 	1T11141301
	1371	 	1C08271302	 	2224	 	1T05101301	 	300129	 	1T11141302
	2496	 	1C08301302	 	2173	 	1T05161301	 	2	 	1T11151301
	39	 	1C09091304	 	1257	 	1T05171301	 	300136	 	1T11181301


  
 S1-2 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1751	 	1T11191301	 	1020	 	2W05211301	 	2504	 	2W09091303
	300156	 	1T11211301	 	1471	 	2W05231302	 	2511	 	2W09101301
	300166	 	1T11251301	 	1897	 	2W05281302	 	845	 	2W09111301
	300176	 	1T11251302	 	261	 	2W05291301	 	982	 	2W09111304
	2023	 	1T11261301	 	1849	 	2W05291304	 	2520	 	2W09161301
	300162	 	1T11261302	 	1616	 	2W05311301	 	883	 	2W09161302
	2117	 	1T12021301	 	2262	 	2W06031301	 	1762	 	2W09171301
	2226	 	1T12051301	 	2235	 	2W06041301	 	2136	 	2W09201303
	2284	 	1T12061301	 	896	 	2W06071303	 	783	 	2W09241302
	2184	 	1T12061302	 	294	 	2W06101301	 	1749	 	2W09271304
	300195	 	1T12091301	 	2277	 	2W06141301	 	2292	 	2W09301301
	300201	 	1T12101301	 	2287	 	2W06191301	 	896	 	2W09301302
	300200	 	1T12101302	 	2288	 	2W06201302	 	1591	 	2W09301306
	1988	 	1T12111301	 	2294	 	2W06241302	 	300029	 	2W10111301
	300205	 	1T12121301	 	1233	 	2W06261302	 	2516	 	2W10161301
	2024	 	1T12191301	 	1849	 	2W06271301	 	1301	 	2W10181301
	896	 	2W01131401	 	2298	 	2W06271302	 	646	 	2W10231303
	300375	 	2W01301403	 	2299	 	2W06271303	 	1931	 	2W10231304
	2096	 	2W02251302	 	1897	 	2W06271305	 	1931	 	2W10231305
	300497	 	2W02281402	 	2305	 	2W06281302	 	1931	 	2W10231306
	300506	 	2W03031401	 	1587	 	2W06281303	 	1682	 	2W10251301
	300502	 	2W03031402	 	1240	 	2W06281305	 	349	 	2W10251302
	300505	 	2W03031403	 	2308	 	2W06281308	 	1531	 	2W10251303
	598	 	2W03211301	 	2317	 	2W07121301	 	1427	 	2W10291302
	1346	 	2W03271302	 	2316	 	2W07121302	 	300091	 	2W10301302
	2158	 	2W03281301	 	1189	 	2W07221301	 	1085	 	2W10301304
	2152	 	2W03281302	 	1033	 	2W07261301	 	955	 	2W10301307
	1189	 	2W03291301	 	2516	 	2W07301301	 	1737	 	2W11011301
	1533	 	2W03291302	 	1136	 	2W07301302	 	300106	 	2W11041301
	1732	 	2W04021301	 	1395	 	2W07301304	 	300016	 	2W11081303
	267	 	2W04031301	 	2334	 	2W07301305	 	1448	 	2W11121301
	2172	 	2W04041301	 	2321	 	2W08021301	 	300138	 	2W11151301
	2175	 	2W04051303	 	2444	 	2W08051302	 	300140	 	2W11191303
	300293	 	2W04101403	 	2445	 	2W08051303	 	300143	 	2W11191304
	1442	 	2W04181301	 	719	 	2W08121301	 	300029	 	2W11201303
	89	 	2W04231301	 	1897	 	2W08291301	 	1305	 	2W11201305
	1395	 	2W04241301	 	89	 	2W08291302	 	300145	 	2W11211301
	409	 	2W04261301	 	51	 	2W08301303	 	300178	 	2W11271302
	2201	 	2W04261303	 	2080	 	2W08301304	 	300169	 	2W11271304
	1921	 	2W04291302	 	1851	 	2W08301305	 	1799	 	2W11271306
	2119	 	2W05011303	 	521	 	2W08301306	 	445	 	2W11291302
	521	 	2W05021302	 	2497	 	2W09031301	 	300187	 	2W12041301
	2080	 	2W05061302	 	2164	 	2W09061301	 	300039	 	2W12041302
	2223	 	2W05101302	 	187	 	2W09061302	 	1199	 	2W12051301
	1897	 	2W05171302	 	2509	 	2W09091301	 	300189	 	2W12051302


  
 S1-2 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	300202	 	2W12121301	 	1398	 	3C12161301	 	2255	 	3T06201302
	2031	 	2W12121302	 	308	 	3C12171301	 	1321	 	3T06211301
	1897	 	2W12141202	 	2594	 	3C12191301	 	1875	 	3T06241301
	1392	 	2W12141204	 	2603	 	3C12311301	 	2291	 	3T06241302
	300123	 	2W12161302	 	744	 	3T01241402	 	1553	 	3T06241304
	300240	 	2W12231301	 	1832	 	3T01301401	 	2026	 	3T06261301
	13	 	2W12241301	 	2289	 	3T02241402	 	1320	 	3T06261304
	51	 	2W12281207	 	300467	 	3T02271402	 	2300	 	3T06271301
	1392	 	2W12301302	 	182	 	3T02281403	 	2274	 	3T06281302
	1667	 	3C01311407	 	1009	 	3T03181301	 	1841	 	3T06281304
	2093	 	3C02251301	 	2165	 	3T04011302	 	1388	 	3T06281305
	999	 	3C02271302	 	2168	 	3T04031301	 	1654	 	3T07111302
	300498	 	3C02281403	 	2178	 	3T04101301	 	1832	 	3T07161302
	2121	 	3C03211301	 	1819	 	3T04121301	 	1850	 	3T07231301
	1382	 	3C04041301	 	2182	 	3T04151301	 	2242	 	3T07291301
	308	 	3C04191301	 	1813	 	3T04151302	 	1571	 	3T07301302
	2204	 	3C04291301	 	2183	 	3T04151303	 	2242	 	3T08061301
	473	 	3C04291302	 	1278	 	3T04161302	 	1875	 	3T08151301
	684	 	3C04301301	 	736	 	3T04251301	 	2462	 	3T08151302
	2110	 	3C05141301	 	1638	 	3T04251302	 	2469	 	3T08221301
	993	 	3C05201301	 	1927	 	3T04251304	 	2478	 	3T08271301
	993	 	3C05201302	 	2203	 	3T04291302	 	2479	 	3T08271304
	2195	 	3C05221301	 	2206	 	3T04301302	 	2490	 	3T08291301
	2260	 	3C06051301	 	2206	 	3T04301306	 	1069	 	3T08291303
	2264	 	3C06071301	 	2053	 	3T05021301	 	961	 	3T08291306
	2266	 	3C06171301	 	2026	 	3T05021303	 	2489	 	3T08291310
	1990	 	3C06271301	 	2218	 	3T05091301	 	2501	 	3T08301303
	2451	 	3C08091301	 	1781	 	3T05101302	 	1969	 	3T08301305
	2477	 	3C08271301	 	2138	 	3T05171303	 	2254	 	3T08301306
	2487	 	3C08291301	 	2084	 	3T05221303	 	1832	 	3T09051301
	2499	 	3C08301301	 	2241	 	3T05231302	 	1819	 	3T09091302
	2502	 	3C08301303	 	2241	 	3T05231303	 	2480	 	3T09101301
	1748	 	3C09111302	 	1553	 	3T05311301	 	2145	 	3T09181303
	2256	 	3C09301302	 	2102	 	3T05311302	 	2488	 	3T09231301
	2487	 	3C11051301	 	2259	 	3T06051302	 	2255	 	3T09271303
	2110	 	3C11061301	 	2259	 	3T06051304	 	1813	 	3T09271304
	1425	 	3C11081301	 	2218	 	3T06061301	 	2199	 	3T09301302
	1171	 	3C11191301	 	2267	 	3T06101301	 	2247	 	3T09301305
	1928	 	3C11201301	 	1363	 	3T06121303	 	2558	 	3T10151301
	2578	 	3C11221301	 	2274	 	3T06141301	 	1553	 	3T10221302
	2581	 	3C11261301	 	2183	 	3T06141304	 	2488	 	3T10251302
	2578	 	3C11261302	 	960	 	3T06171301	 	701	 	3T10281301
	993	 	3C11301202	 	1278	 	3T06171302	 	1956	 	3T10281303
	2589	 	3C12051301	 	2281	 	3T06181301	 	1956	 	3T10281304
	2006	 	3C12101301	 	1786	 	3T06191301	 	2248	 	3T10311303


  
 S1-3 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	2011	 	3T10311304	 	2054	 	4C08281302	 	300317	 	5T01171401
	1983	 	3T10311309	 	2495	 	4C08301301	 	300326	 	5T01221401
	2567	 	3T11051301	 	2533	 	4C09161301	 	300474	 	5T02271403
	1746	 	3T11071202	 	2525	 	4C09171301	 	300519	 	5T03101402
	2571	 	3T11081301	 	2532	 	4C09181302	 	300548	 	5T03171403
	2255	 	3T11131301	 	2013	 	4C09191303	 	300474	 	5T03211401
	2573	 	3T11141301	 	2555	 	4C10031301	 	2126	 	5T03261402
	2574	 	3T11181301	 	2135	 	4C10151301	 	300521	 	5T03311402
	2577	 	3T11181302	 	1674	 	4C10231301	 	1989	 	5T04291302
	2576	 	3T11191301	 	2054	 	4C10311301	 	2181	 	5T05231301
	1008	 	3T11261301	 	2048	 	4C10311304	 	2453	 	5T08091301
	2580	 	3T11261303	 	1155	 	4C11211303	 	2481	 	5T08271301
	1009	 	3T11261305	 	300183	 	4C11291301	 	2155	 	5T08301301
	2582	 	3T11271303	 	300192	 	4C12061301	 	1989	 	5T08301303
	2587	 	3T12031301	 	300078	 	4C12231301	 	1943	 	5T09201301
	2588	 	3T12041301	 	2039	 	4C12261303	 	2536	 	5T09241301
	2026	 	3T12041302	 	300292	 	4C12311302	 	2537	 	5T09241302
	2562	 	3T12091301	 	300292	 	4C12311304	 	2514	 	5T10081301
	958	 	3T12111301	 	2258	 	4T06041301	 	2181	 	5T10311303
	2591	 	3T12121301	 	2318	 	4T07161301	 	2568	 	5T11051301
	2182	 	3T12121302	 	2338	 	4T07311302	 	2575	 	5T11191302
	2595	 	3T12191302	 	2483	 	4T08281301	 	2551	 	5T11201301
	1889	 	4C01301401	 	2454	 	4T08291301	 	1943	 	5T12121301
	1889	 	4C01301402	 	2338	 	4T08301302	 	2592	 	5T12131302
	1889	 	4C01301404	 	2144	 	4T10281301	 	2605	 	5T12311304
	1885	 	4C03291301	 	2337	 	4T10311302	 	18	 	105041201
	2019	 	4C04011301	 	300107	 	4T11041301	 	1315	 	105161104
	2169	 	4C04031301	 	300133	 	4T11131301	 	375	 	107061201
	2170	 	4C04041301	 	300132	 	4T11141302	 	1505	 	108101101
	1878	 	4C04111403	 	300107	 	4T11191301	 	1479	 	108151101
	1795	 	4C04151301	 	2529	 	4T11211302	 	39	 	108231101
	1816	 	4C04231301	 	2337	 	4T11211303	 	1	 	108301201
	2194	 	4C04251301	 	300107	 	4T12041301	 	1140	 	111021101
	2209	 	4C04301301	 	300198	 	4T12091301	 	1608	 	111231103
	1878	 	4C05151301	 	300198	 	4T12091302	 	845	 	206081101
	1776	 	4C06071301	 	300102	 	4T12101301	 	1802	 	206131201
	2276	 	4C06131301	 	300102	 	4T12131301	 	1395	 	206131203
	1677	 	4C06181301	 	300212	 	4T12161301	 	217	 	307141001
	2301	 	4C06261301	 	300531	 	5C03141401	 	1189	 	206291103
	2048	 	4C06281305	 	2290	 	5C06201301	 	1482	 	207211101
	2306	 	4C06281306	 	1943	 	5C06251301	 	1199	 	209141203
	1478	 	4C07221301	 	2452	 	5C08091302	 	783	 	212011103
	2336	 	4C07311303	 	2517	 	5C09121301	 	1395	 	212221104
	2464	 	4C08201302	 	2565	 	5C10311301	 	1649	 	212291102
	2054	 	4C08231301	 	2590	 	5C12101301	 	827	 	302251001


  
 S1-4 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	723	 	305111001	 	2278	 	1C06141301	 	300034	 	1T01081401
	1772	 	305161203	 	1782	 	1C06191301	 	2280	 	1T01161401
	1446	 	306201101	 	2307	 	1C07181301	 	300200	 	1T01231401
	1446	 	306281103	 	1275	 	1C07221301	 	1828	 	1T01231402
	1204	 	306301107	 	1370	 	1C07231301	 	300136	 	1T01241402
	1470	 	307121101	 	2331	 	1C08011302	 	1759	 	1T01281402
	1156	 	307181104	 	2465	 	1C08191301	 	2303	 	1T01281403
	402	 	308271006	 	2485	 	1C08281301	 	300462	 	1T02261401
	1523	 	308301102	 	2496	 	1C08301303	 	300499	 	1T03031401
	1529	 	308311106	 	1307	 	1C09061301	 	2123	 	1T03111301
	1579	 	310241104	 	2510	 	1C09091301	 	2139	 	1T03181301
	778	 	311221101	 	39	 	1C09091302	 	300583	 	1T03241401
	1570	 	311291105	 	1149	 	1C09101302	 	2184	 	1T03261401
	1582	 	312061101	 	2021	 	1C09101303	 	2173	 	1T04051301
	1368	 	312091101	 	2514	 	1C09111301	 	1869	 	1T04101302
	1274	 	312151102	 	2101	 	1C09241302	 	1	 	1T04111301
	1171	 	312191102	 	2307	 	1C09271302	 	2180	 	1T04111302
	1574	 	312211103	 	2546	 	1C09271303	 	2184	 	1T04161301
	1835	 	407131201	 	2179	 	1C10011301	 	2072	 	1T04301301
	1874	 	408241201	 	300008	 	1C10031301	 	2212	 	1T05021301
	1358	 	412211101	 	1371	 	1C10101301	 	2216	 	1T05071301
	1560	 	1C01071402	 	300015	 	1C10111301	 	2226	 	1T05131301
	1595	 	1C01081401	 	300018	 	1C10111302	 	2224	 	1T05231301
	444	 	1C01101401	 	300026	 	1C10151301	 	1879	 	1T05241301
	300256	 	1C01141401	 	1441	 	1C10151302	 	722	 	1T05281301
	300008	 	1C01151401	 	1307	 	1C10171303	 	2280	 	1T06181301
	1149	 	1C01171301	 	300037	 	1C10171304	 	2273	 	1T06281301
	300324	 	1C01221401	 	300035	 	1C10181301	 	2303	 	1T06281304
	300035	 	1C01271401	 	300056	 	1C10251301	 	2309	 	1T06281305
	300352	 	1C01291402	 	324	 	1C10281302	 	1257	 	1T06281306
	2063	 	1C02051301	 	300098	 	1C10301303	 	1481	 	1T07011301
	2074	 	1C02061301	 	300098	 	1C10301306	 	2184	 	1T07091301
	1995	 	1C02211301	 	2124	 	1C11111301	 	1583	 	1T07261301
	39	 	1C02221303	 	1371	 	1C11211301	 	1892	 	1T07261302
	2022	 	1C02261301	 	1981	 	1C11261202	 	2330	 	1T07291301
	1549	 	1C03051301	 	2101	 	1C12131203	 	2442	 	1T08021302
	1316	 	1C03251401	 	2278	 	1C12181302	 	2461	 	1T08141301
	2151	 	1C03271301	 	300008	 	1C12181303	 	14	 	1T08291301
	2197	 	1C04251301	 	300225	 	1C12181304	 	1481	 	1T08291302
	1316	 	1C05161301	 	300253	 	1C12201301	 	1787	 	1T09031303
	1144	 	1C05201304	 	300242	 	1C12241301	 	2482	 	1T09051301
	1397	 	1C05201305	 	300270	 	1C12301304	 	2521	 	1T09161302
	2237	 	1C05211301	 	2486	 	1C12301305	 	2530	 	1T09191301
	1546	 	1C05211302	 	589	 	1T01031402	 	1710	 	1T09301301
	1584	 	1C06101301	 	1710	 	1T01071301	 	300011	 	1T10081301


  
 S1-5 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	300012	 	1T10081303	 	1818	 	2W04241302	 	2296	 	2W09271305
	1257	 	1T10151302	 	1897	 	2W04241303	 	300039	 	2W10111302
	2224	 	1T10231301	 	1085	 	2W05011301	 	1849	 	2W10221301
	2173	 	1T10231302	 	2210	 	2W05021301	 	1931	 	2W10231307
	300105	 	1T11041301	 	2222	 	2W05101301	 	1931	 	2W10231308
	2062	 	1T11051301	 	2223	 	2W05101303	 	1931	 	2W10231309
	1257	 	1T11071201	 	2229	 	2W05151301	 	1736	 	2W10241301
	1892	 	1T11131301	 	1199	 	2W05171304	 	300051	 	2W10241302
	14	 	1T11141303	 	89	 	2W05281303	 	508	 	2W10281301
	300160	 	1T11191302	 	261	 	2W05291302	 	300089	 	2W10301306
	2295	 	1T11201301	 	409	 	2W05301301	 	300085	 	2W10311302
	300238	 	1T12231301	 	1189	 	2W05311302	 	366	 	2W10311304
	300138	 	2W01061401	 	1189	 	2W06071301	 	51	 	2W10311305
	2320	 	2W01081401	 	51	 	2W06111301	 	1855	 	2W11051301
	300303	 	2W01091401	 	294	 	2W06141302	 	51	 	2W11071302
	2320	 	2W01101401	 	1390	 	2W06141303	 	1297	 	2W11211302
	347	 	2W01101403	 	1732	 	2W06201301	 	1516	 	2W11221301
	300202	 	2W01141402	 	1799	 	2W06211301	 	300172	 	2W11271301
	51	 	2W01211401	 	2292	 	2W06241303	 	1511	 	2W12171202
	1448	 	2W01241401	 	1794	 	2W06261301	 	1233	 	2W12191203
	1897	 	2W01251303	 	1897	 	2W06271306	 	300231	 	2W12191301
	300169	 	2W01271401	 	89	 	2W06281306	 	725	 	2W12201301
	300351	 	2W01281403	 	1749	 	2W06281311	 	521	 	2W12281208
	2061	 	2W01291302	 	2310	 	2W07021301	 	300262	 	2W12301301
	300360	 	2W01301401	 	1640	 	2W07181301	 	1531	 	2W12301311
	1975	 	2W01301404	 	2235	 	2W07191301	 	300283	 	2W12311301
	1255	 	2W01311301	 	1762	 	2W07191302	 	2563	 	3C01021401
	1395	 	2W02061301	 	1240	 	2W07191303	 	2020	 	3C01131401
	1033	 	2W02111401	 	2332	 	2W07301306	 	2578	 	3C01211401
	2080	 	2W02131302	 	21	 	2W08021302	 	1372	 	3C03051401
	1033	 	2W02191301	 	2288	 	2W08061301	 	2121	 	3C03111301
	2119	 	2W03071301	 	2455	 	2W08091301	 	365	 	3C03171401
	1063	 	2W03071403	 	693	 	2W08121303	 	473	 	3C03191301
	1063	 	2W03071404	 	2494	 	2W08221301	 	626	 	3C03241401
	2129	 	2W03121301	 	2148	 	2W08231301	 	1383	 	3C03261402
	2085	 	2W03211302	 	1471	 	2W08261303	 	2006	 	3C04031301
	300584	 	2W03211401	 	409	 	2W08281301	 	2174	 	3C04051302
	1066	 	2W03241402	 	349	 	2W08281302	 	1748	 	3C04251301
	1199	 	2W03251402	 	896	 	2W08301301	 	2207	 	3C04301303
	2149	 	2W03271301	 	2445	 	2W09041301	 	2208	 	3C04301304
	1849	 	2W04011302	 	2518	 	2W09121301	 	907	 	3C05031301
	2012	 	2W04021302	 	2535	 	2W09201301	 	2236	 	3C05211301
	2167	 	2W04021303	 	896	 	2W09241301	 	993	 	3C05211302
	646	 	2W04151301	 	524	 	2W09241303	 	2238	 	3C05221302
	1572	 	2W04221301	 	2544	 	2W09271303	 	2256	 	3C05311301


  
 S1-6 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	2270	 	3C06111302	 	2232	 	3T05171301	 	1666	 	3T10151303
	2304	 	3C06281301	 	1363	 	3T05201301	 	1908	 	3T10221301
	2329	 	3C07261301	 	1713	 	3T05221302	 	1009	 	3T10281302
	1118	 	3C07291301	 	2241	 	3T05231304	 	2469	 	3T10311301
	2335	 	3C07301301	 	2218	 	3T05231305	 	2469	 	3T10311302
	684	 	3C08131301	 	2242	 	3T05231306	 	1777	 	3T10311305
	2477	 	3C08271302	 	1571	 	3T05241302	 	2255	 	3T10311308
	2502	 	3C08301302	 	2247	 	3T05281301	 	2083	 	3T11011301
	2505	 	3C09041301	 	2248	 	3T05281302	 	1746	 	3T11071203
	2459	 	3C09091301	 	2254	 	3T05301301	 	2026	 	3T11121302
	2556	 	3C10091301	 	2102	 	3T05311303	 	2145	 	3T11151301
	2556	 	3C10091302	 	2259	 	3T06051303	 	2577	 	3T11181303
	2561	 	3C10211301	 	1904	 	3T06071301	 	2267	 	3T11211301
	1990	 	3C10241301	 	2274	 	3T06121301	 	1008	 	3T11261302
	173	 	3C10311301	 	2183	 	3T06141303	 	827	 	3T11261304
	1118	 	3C11151301	 	1321	 	3T06241305	 	2583	 	3T11271301
	2093	 	3C11201302	 	2289	 	3T06261302	 	1321	 	3T11271302
	2578	 	3C11211302	 	1320	 	3T06261303	 	1998	 	3T12071201
	2598	 	3C12271301	 	2274	 	3T06281301	 	2577	 	3T12191301
	300325	 	3T01221401	 	1654	 	3T07111301	 	2599	 	3T12271302
	2051	 	3T01251301	 	2146	 	3T07161301	 	2577	 	3T12271303
	2138	 	3T01281401	 	1553	 	3T07181301	 	1015	 	3T12311302
	958	 	3T01281402	 	1781	 	3T07221301	 	2078	 	4C02121302
	300353	 	3T01291401	 	2274	 	3T07291302	 	1353	 	4C03241402
	300359	 	3T01291403	 	1813	 	3T07311301	 	2161	 	4C03291303
	1937	 	3T02261301	 	736	 	3T07311304	 	2114	 	4C04181301
	2102	 	3T02271304	 	2274	 	3T08051301	 	1878	 	4C04241301
	2034	 	3T03191301	 	2472	 	3T08231301	 	2054	 	4C04261301
	1786	 	3T03261401	 	2053	 	3T08271302	 	2215	 	4C05061301
	2165	 	3T04011303	 	1786	 	3T08271303	 	2209	 	4C05071301
	2185	 	3T04161301	 	2491	 	3T08291305	 	2144	 	4C05161301
	2186	 	3T04161304	 	1278	 	3T08291307	 	2234	 	4C05171301
	1927	 	3T04191302	 	2267	 	3T08291308	 	1776	 	4C05221301
	1850	 	3T04191303	 	1819	 	3T08301301	 	2250	 	4C05231303
	2034	 	3T04241301	 	2500	 	3T08301302	 	1669	 	4C05301301
	1952	 	3T04251303	 	2507	 	3T09091301	 	2048	 	4C06281303
	2198	 	3T04261301	 	736	 	3T09091303	 	2324	 	4C07191301
	2202	 	3T04291301	 	1815	 	3T09171301	 	2328	 	4C07251302
	1875	 	3T04301301	 	2523	 	3T09181302	 	1885	 	4C08081301
	2206	 	3T04301303	 	2488	 	3T09231302	 	2464	 	4C08201301
	1819	 	3T05021302	 	2102	 	3T09251301	 	2471	 	4C08221301
	1786	 	3T05061301	 	1253	 	3T09271302	 	1203	 	4C09271301
	2220	 	3T05091303	 	2199	 	3T09301303	 	300076	 	4C10241301
	1781	 	3T05101301	 	1777	 	3T10101303	 	300070	 	4C10291302
	960	 	3T05151301	 	701	 	3T10111301	 	1816	 	4C11121301


  
 S1-7 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	300174	 	4C11271301	 	2181	 	5T09171301	 	669	 	106071201
	1968	 	4C11301201	 	2540	 	5T09251301	 	1801	 	106131201
	2039	 	4C12261305	 	2559	 	5T10171301	 	1622	 	106211203
	1878	 	4C12311301	 	2566	 	5T10311301	 	1787	 	107021201
	300198	 	4T01101401	 	2452	 	5T10311302	 	1826	 	107021202
	2245	 	4T01171401	 	2575	 	5T11191301	 	537	 	107271202
	300320	 	4T01211402	 	2575	 	5T11191304	 	39	 	107280901
	300320	 	4T01211403	 	2593	 	5T12181301	 	282	 	107301201
	300320	 	4T01211405	 	2604	 	5T12311301	 	1210	 	107311201
	300198	 	4T01211406	 	2579	 	5T12311302	 	1502	 	108041102
	300361	 	4T01301402	 	1678	 	101301202	 	1858	 	108091201
	300580	 	4T03211401	 	282	 	102091201	 	1861	 	108141201
	300577	 	4T03211404	 	1691	 	102161201	 	1879	 	108301202
	2483	 	4T03211405	 	1696	 	102211201	 	1881	 	108311202
	2318	 	4T03261401	 	1693	 	102211202	 	18	 	109101201
	1806	 	4T05141301	 	1	 	102211203	 	1149	 	109181202
	2244	 	4T05231301	 	1694	 	102221201	 	1549	 	109271101
	2245	 	4T05241301	 	572	 	102241202	 	615	 	110211101
	2337	 	4T07311301	 	1660	 	102271201	 	1186	 	110241103
	2454	 	4T08091301	 	1441	 	102281201	 	1481	 	112271101
	2528	 	4T09161302	 	1	 	102281202	 	1403	 	201101201
	2529	 	4T09181301	 	1247	 	102281204	 	160	 	201171201
	2553	 	4T10021301	 	1520	 	102291201	 	415	 	201171203
	2553	 	4T10031301	 	1704	 	102291202	 	1448	 	202031201
	300080	 	4T10301302	 	1718	 	103021201	 	397	 	202061201
	300061	 	4T11211304	 	1316	 	103121201	 	1682	 	202061202
	2483	 	4T12301301	 	1507	 	103151201	 	1367	 	202061203
	300198	 	4T12311304	 	1307	 	103161201	 	1473	 	202101201
	2608	 	5C01131401	 	212	 	103231201	 	725	 	202131202
	300496	 	5C03061401	 	470	 	103291201	 	646	 	202171201
	2290	 	5C06201302	 	1307	 	103291202	 	1240	 	202171202
	894	 	5C07011301	 	1077	 	104021201	 	392	 	202271201
	2522	 	5C09171301	 	270	 	104041201	 	1427	 	202291204
	2569	 	5C11061301	 	1179	 	104091201	 	1700	 	203011201
	2584	 	5C11271301	 	1738	 	104091202	 	1327	 	203081201
	2559	 	5T01241401	 	1481	 	104101201	 	1725	 	203281202
	300326	 	5T03101401	 	1607	 	104251202	 	1734	 	203291203
	2514	 	5T03241401	 	1750	 	104261201	 	860	 	203291204
	300548	 	5T03261401	 	1759	 	104301202	 	1335	 	203291206
	2181	 	5T04121301	 	1618	 	105111202	 	1533	 	203301201
	2196	 	5T04251301	 	2	 	105161201	 	1616	 	203301202
	1989	 	5T04291301	 	1782	 	105241201	 	1735	 	203301204
	1989	 	5T06281301	 	1315	 	105241203	 	1732	 	203301207
	1989	 	5T08081301	 	1787	 	105311204	 	1493	 	204051201
	1989	 	5T08301302	 	1503	 	106051201	 	1686	 	204111201


  
 S1-8 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1385	 	204121101	 	1207	 	301051201	 	1582	 	304231201
	1743	 	204181201	 	1265	 	301261201	 	1748	 	304241206
	1496	 	204201201	 	1672	 	301301203	 	1748	 	304241207
	1744	 	204231202	 	1685	 	302071201	 	1758	 	304301201
	1736	 	204241201	 	1684	 	302071202	 	1494	 	304301202
	1749	 	204241204	 	1383	 	302101202	 	1368	 	305011201
	1124	 	204301203	 	1571	 	302141203	 	1138	 	305091201
	1763	 	205041202	 	1278	 	302161201	 	736	 	305101201
	1766	 	205111201	 	1278	 	302161202	 	1373	 	305111201
	609	 	205151201	 	1278	 	302161203	 	700	 	305141201
	1775	 	205161201	 	1009	 	302171201	 	1774	 	305171202
	1756	 	205171201	 	1259	 	302171202	 	1138	 	305181202
	445	 	205231201	 	1171	 	302221201	 	1638	 	305251201
	1783	 	205251201	 	1659	 	302221202	 	1786	 	305311203
	1789	 	205311204	 	954	 	302221203	 	1570	 	306131207
	1810	 	206191202	 	1697	 	302231201	 	1807	 	306181201
	1775	 	206191203	 	1313	 	302271201	 	1321	 	306201201
	725	 	206261203	 	1699	 	302271203	 	1814	 	306251203
	967	 	206281204	 	1322	 	302271204	 	1069	 	306251205
	1390	 	207031201	 	1702	 	302281205	 	886	 	306271201
	499	 	207161201	 	953	 	302291208	 	1807	 	307181202
	1395	 	207231201	 	1553	 	302291209	 	1838	 	307231203
	1854	 	208011201	 	1553	 	302291210	 	1839	 	307231204
	1107	 	208061201	 	1313	 	303061201	 	1617	 	307241201
	1849	 	208071202	 	1571	 	303081201	 	167	 	307251203
	646	 	208081201	 	1714	 	303161203	 	1841	 	307261201
	1395	 	208081202	 	1171	 	303221201	 	1847	 	307301202
	1859	 	208101201	 	827	 	303231201	 	1850	 	307311202
	1471	 	208161201	 	1641	 	303261201	 	1848	 	308131201
	1346	 	208171102	 	1363	 	303261202	 	1863	 	308151201
	263	 	208221201	 	1363	 	303261203	 	736	 	308161201
	1392	 	208291202	 	717	 	303261204	 	1171	 	308181102
	1525	 	208301106	 	1570	 	303271201	 	1425	 	308281202
	1492	 	208301202	 	1570	 	303271203	 	778	 	308291201
	1882	 	208311202	 	1570	 	303271205	 	1877	 	308291202
	1395	 	209051201	 	1009	 	303271207	 	1865	 	308311201
	1893	 	209121202	 	1671	 	303291202	 	1321	 	309041202
	1897	 	209171201	 	1617	 	303291203	 	701	 	309111201
	1542	 	209191101	 	173	 	303301202	 	1894	 	309131201
	1299	 	209201201	 	1731	 	303301203	 	1629	 	309131203
	1346	 	209241202	 	1739	 	304101203	 	1905	 	309181208
	1547	 	209261101	 	700	 	304111201	 	1907	 	309191201
	1921	 	209261202	 	627	 	304121201	 	1204	 	309211002
	1547	 	210111102	 	1582	 	304161201	 	1699	 	309211201
	1586	 	210261101	 	1740	 	304161202	 	1919	 	309261201


  
 S1-9 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1924	 	309281204	 	300372	 	2W01311409	 	1425	 	3C12311302
	1540	 	309291106	 	300374	 	2W01311412	 	760	 	3C12311303
	1663	 	401251201	 	1424	 	2W02071403	 	760	 	3C12311304
	1661	 	402081201	 	89	 	2W02181401	 	1553	 	3T01311401
	1661	 	402141201	 	300482	 	2W02211402	 	1553	 	3T01311402
	1707	 	403071201	 	300486	 	2W02241401	 	960	 	3T02181402
	1727	 	403291201	 	1897	 	2W02261401	 	736	 	3T02271403
	1657	 	403301201	 	1599	 	2W02271401	 	2595	 	3T02271405
	1677	 	404091201	 	300485	 	2W02271403	 	300488	 	3T02281401
	1776	 	405171201	 	1736	 	2W02271404	 	182	 	3T02281402
	1795	 	406071201	 	1063	 	2W03071402	 	300467	 	3T03061403
	1795	 	406291201	 	788	 	2W03151401	 	300523	 	3T03131402
	1816	 	407111201	 	300372	 	2W03261401	 	2165	 	3T03181404
	1161	 	408041002	 	1757	 	2W03281403	 	1553	 	3T03271401
	1870	 	408211201	 	1757	 	2W03281404	 	300607	 	3T03281401
	1871	 	408221201	 	274	 	2W03311402	 	1553	 	3T03311401
	1532	 	408291102	 	1784	 	2W03311406	 	1553	 	3T03311404
	1880	 	408301201	 	1784	 	2W03311407	 	300616	 	3T03311406
	1885	 	409041201	 	1124	 	2W05131301	 	2199	 	3T03311407
	1890	 	409101201	 	857	 	2W10011201	 	2206	 	3T04301304
	1915	 	409191201	 	1395	 	2W10031202	 	1069	 	3T08291304
	1726	 	1C02261402	 	1935	 	2W10101201	 	1937	 	3T10051202
	916	 	1C02261403	 	1930	 	2W10121204	 	1944	 	3T10111203
	300408	 	1C03111401	 	1947	 	2W10151203	 	1946	 	3T10151202
	300216	 	1C12181301	 	300123	 	2W11081302	 	995	 	3T10161201
	1307	 	1C12241302	 	445	 	2W12031301	 	1952	 	3T10191201
	300270	 	1C12301303	 	1011	 	2W12131302	 	1956	 	3T10241202
	1767	 	1C12301306	 	2148	 	2W12201302	 	1866	 	3T10261201
	1595	 	1C12311301	 	896	 	2W12301303	 	1381	 	3T10261202
	1914	 	1T02261404	 	300258	 	2W12301305	 	2131	 	3T12201301
	300462	 	1T03181402	 	300259	 	2W12301306	 	2588	 	3T12311303
	300136	 	1T03281401	 	2509	 	2W12301307	 	1889	 	4C01301403
	300628	 	1T03311401	 	300269	 	2W12301310	 	300380	 	4C01311402
	300628	 	1T03311402	 	1876	 	2W12311303	 	300484	 	4C02241401
	1949	 	1T10171201	 	1118	 	3C01311401	 	300495	 	4C02281401
	1951	 	1T10191201	 	1118	 	3C01311402	 	300620	 	4C03311401
	1949	 	1T10311203	 	1284	 	3C01311405	 	300621	 	4C03311402
	2240	 	1T12181304	 	1554	 	3C02211401	 	2048	 	4C06281302
	1760	 	1T12201301	 	2174	 	3C02281401	 	1878	 	4C07251301
	1140	 	1T12261301	 	907	 	3C02281402	 	2464	 	4C08201303
	2173	 	1T12301301	 	626	 	3C03241402	 	1561	 	4C12261301
	1984	 	2W01301405	 	1310	 	3C03311406	 	2039	 	4C12261304
	369	 	2W01311401	 	1856	 	3C10301201	 	300292	 	4C12311303
	369	 	2W01311402	 	767	 	3C12271302	 	300292	 	4C12311305
	1599	 	2W01311408	 	2578	 	3C12301301	 	300473	 	4T02271401


  
 S1-10 









											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	300491	 	4T02281402	 	300568	 	1T03201402	 	300395	 	3C02061401
	300577	 	4T03211403	 	2240	 	1T03271401	 	300395	 	3C02071401
	2245	 	4T12181302	 	1808	 	1T04081401	 	1425	 	3C02141401
	300381	 	5C01311401	 	2184	 	1T04301403	 	1425	 	3C02141402
	300436	 	5C02201401	 	300243	 	1T12261304	 	2502	 	3C02211402
	300440	 	5C02201403	 	300305	 	2W01141401	 	2020	 	3C02241401
	1943	 	5C10011201	 	300202	 	2W01241402	 	173	 	3C02261401
	1943	 	5C10181201	 	851	 	2W01271402	 	1383	 	3C03261401
	1592	 	5T01311401	 	1923	 	2W01271403	 	684	 	3C03281401
	300469	 	5T02271401	 	2287	 	2W01301402	 	1494	 	3C03311401
	300472	 	5T02271402	 	1101	 	2W01311403	 	607	 	3C03311402
	300475	 	5T02271404	 	1107	 	2W01311404	 	300629	 	3C03311407
	300483	 	5T02281401	 	716	 	2W01311405	 	2166	 	3T01161401
	2481	 	5T02281402	 	725	 	2W01311406	 	2469	 	3T01291402
	300521	 	5T03111401	 	1531	 	2W01311407	 	701	 	3T01291404
	300521	 	5T03171402	 	1931	 	2W01311410	 	2448	 	3T01311403
	300519	 	5T03311401	 	1931	 	2W01311411	 	1015	 	3T01311404
	2601	 	5T12271302	 	300396	 	2W02071402	 	960	 	3T01311405
	300274	 	1C01161401	 	719	 	2W02211403	 	778	 	3T01311406
	300319	 	1C01171401	 	300446	 	2W02211404	 	300392	 	3T02051401
	300350	 	1C01291401	 	300202	 	2W02251401	 	1832	 	3T02071402
	300256	 	1C02041401	 	300464	 	2W02261402	 	2183	 	3T02101401
	300408	 	1C02121401	 	1736	 	2W03031404	 	300411	 	3T02121402
	300417	 	1C02121402	 	300512	 	2W03051401	 	1777	 	3T02131401
	1441	 	1C02181402	 	300509	 	2W03051402	 	1819	 	3T02141401
	1499	 	1C02181403	 	1438	 	2W03061401	 	2199	 	3T02181401
	1307	 	1C02271401	 	300520	 	2W03061402	 	2202	 	3T02241401
	300408	 	1C03111402	 	725	 	2W03141401	 	1321	 	3T02251401
	300525	 	1C03141401	 	300520	 	2W03171401	 	300455	 	3T02251402
	300008	 	1C03181401	 	300584	 	2W03241401	 	300458	 	3T02261401
	300554	 	1C03281401	 	1572	 	2W03271401	 	1216	 	3T02261403
	2237	 	1C03311401	 	300039	 	2W03281401	 	1363	 	3T02271401
	1404	 	1C04231402	 	89	 	2W03281402	 	182	 	3T02281404
	2496	 	1C04301401	 	1606	 	2W03281405	 	1647	 	3T03041401
	1808	 	1T02181401	 	2164	 	2W03311401	 	2225	 	3T03061401
	2180	 	1T03071401	 	300300	 	2W03311404	 	300467	 	3T03061404
	2044	 	1T03111401	 	2148	 	2W04071401	 	1363	 	3T03071401
	2212	 	1T03111402	 	300677	 	2W04091401	 	300523	 	3T03131401
	300536	 	1T03141401	 	1897	 	2W04101401	 	300523	 	3T03131403
	300537	 	1T03141402	 	300726	 	2W04211401	 	2488	 	3T03141401
	2303	 	1T03141403	 	1852	 	2W04241401	 	2095	 	3T03141402
	300535	 	1T03141404	 	1721	 	2W04251403	 	2138	 	3T03171401
	300549	 	1T03181401	 	1382	 	3C01151401	 	300455	 	3T03181401
	300046	 	1T03181403	 	300349	 	3C01281401	 	1321	 	3T03181402
	1025	 	1T03191401	 	2256	 	3C01311406	 	2255	 	3T03201401


  
 S1-11 









											
	Customer #	 	Contract #	 	 	 	 	 	 	 	 
	2289	 	3T03211402	 		 		 		 	
	300575	 	3T03211403	 		 		 		 	
	1571	 	3T03211404	 		 		 		 	
	1553	 	3T03311402	 		 		 		 	
	1553	 	3T03311403	 		 		 		 	
	1638	 	3T03311405	 		 		 		 	
	300707	 	3T04281403	 		 		 		 	
	1561	 	4C01171401	 		 		 		 	
	300369	 	4C01301405	 		 		 		 	
	1677	 	4C01311401	 		 		 		 	
	300078	 	4C02241402	 		 		 		 	
	300448	 	4C02241403	 		 		 		 	
	300530	 	4C03131401	 		 		 		 	
	2495	 	4C03141401	 		 		 		 	
	300539	 	4C03141402	 		 		 		 	
	300556	 	4C03171401	 		 		 		 	
	300558	 	4C03191402	 		 		 		 	
	1545	 	4C03281401	 		 		 		 	
	1834	 	4C03311403	 		 		 		 	
	300623	 	4C03311404	 		 		 		 	
	2337	 	4T01291401	 		 		 		 	
	2337	 	4T03171402	 		 		 		 	
	300555	 	4T03191401	 		 		 		 	
	2454	 	4T03241401	 		 		 		 	
	300605	 	4T03271401	 		 		 		 	
	300107	 	4T03311401	 		 		 		 	
	300740	 	4T04241401	 		 		 		 	
	894	 	5C01291401	 		 		 		 	
	300404	 	5C02101401	 		 		 		 	
	2450	 	5C02121401	 		 		 		 	
	2590	 	5C02201402	 		 		 		 	
	300440	 	5C02201404	 		 		 		 	
	300314	 	5T01161401	 		 		 		 	
	300345	 	5T01241402	 		 		 		 	
	1592	 	5T01311402	 		 		 		 	
	300453	 	5T02251401	 		 		 		 	
	1989	 	5T03041401	 		 		 		 	
	300546	 	5T03171401	 		 		 		 	
	2551	 	5T03171404	 		 		 		 	
	300469	 	5T03191401	 		 		 		 	
	300546	 	5T03191402	 		 		 		 	
	300611	 	5T03281401	 		 		 		 	


  
 S1-12 








 SCHEDULE 2 

List of Lock-Box Banks and Lock-Box Account 

Account number 2000026298881 of CCG maintained with Wells Fargo Bank, National Association, having offices located at 1 South Broad Street, Mail Code: PA1227,
Philadelphia, Pennsylvania and 401 S. Tryon Street, 10th Floor, TS Legal Risk Mgmt., Mail Code NC0817, Charlotte, North Carolina 28288. 

  
 S2-1 








 SCHEDULE 3 

Location of Certain Offices and Records 

Commercial Credit Group Inc. 
 2056 Westings Avenue, Suite 280

 Naperville, IL 60563 
 Commercial Credit Group Inc. 

227 West Trade Street, Suite 1450 
 Charlotte, NC 28202 

Commercial Credit Group Inc. 
 500 Corporate Parkway 

Suite 108 
 Amherst, NY 14226 

CCG Receivables Trust 2014-1 
 c/o Commercial Credit Group Inc.

 227 West Trade Street, Suite 1450 
 Charlotte, NC 28202 

CCG Receivables IV, LLC 
 227 West Trade Street, Suite 1450A 

Charlotte, NC 28202 

  
 S3-1 








 SCHEDULE 4 

1. Notice Information 
  

			
	Commercial Credit Group Inc.,		U.S. Bank National Association,
	 as Originator and Servicer
		 as Indenture Trustee

	227 West Trade Street, Suite 1450		60 Livingston Avenue
	 Charlotte, NC 28202
		EP-MN-WS3D
			St. Paul, MN 55107
	CCG Receivables Trust 2014-1,		Attn:  Global Structured Finance/CCG
	 as Issuer
		Receivables Trust 2014-1
	c/o Wilmington Trust, National Association		
	Rodney Square North		Wilmington Trust, National Association,
	1100 North Market Street		 as Owner Trustee

	Wilmington, DE 19890		Rodney Square North,
	 Attention:  Corporate Trust Administration
		1100 North Market Street
			Wilmington, Delaware 19890
		
	With a copy to:		
		
			DBRS, Inc.
	CCG Receivables Trust 2014-1		Attn:  Surveillance
	c/o Commercial Credit Group Inc.,		140 Broadway
	227 West Trade Street, Suite 1450		New York, New York 10005
	 Charlotte, NC 28202
		
			Standard & Poor’s Ratings Services,
	CCG Receivables IV, LLC,		 a Standard & Poor’s Financial

	 as Depositor
		 Services LLC business

	227 West Trade Street, Suite 1450A		55 Water Street, 41st Floor
	 Charlotte, NC 28202
		New York, New York 10004
		
	 Portfolio Financial Servicing Company,

as Back-Up Servicer
 7303 SE Lake Road

Portland, Oregon 97267
 Attention:  President
		


  
 S4-1 








 EXHIBIT A 

Form of Supplement for Substituted Receivables 

Pursuant to Section 3.3 of the Sale and Servicing Agreement dated as of May 14, 2014, by and among CCG RECEIVABLES IV, LLC, a
Delaware limited liability company (the “Depositor”), CCG RECEIVABLES TRUST 2014-1, a Delaware statutory trust (the “Issuer”), COMMERCIAL CREDIT GROUP INC., (“CCG”) a Delaware corporation, (the
“Servicer” and the “Originator”), PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation, (the “Back-Up Servicer”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, the
(“Indenture Trustee”), attached hereto as Schedule I is a Schedule which includes information regarding the Receivables, the Related Security, all related Collections, and all proceeds of the foregoing (the “Substituted
Receivables”) that are sold, assigned, transferred and delivered by the undersigned to the Issuer in accordance with the Sale and Servicing Agreement as of             ,
201     (the “Substitution Date”). The Substituted Receivables are delivered in substitute of the Receivables identified in Schedule II attached hereto and all Related Security (the “Released
Receivables”), and, from and after the date of this supplement for Substituted Receivables, the Released Receivables shall no longer be considered “Sold Assets” or “Collateral” pursuant to the Sale and Servicing
Agreement and the Indenture, dated May 14, 2014, between the Issuer and the Indenture Trustee. Schedule I and Schedule II hereto may be delivered electronically. 

The Originator certifies that (i) the Substituted Receivables constitute Eligible Receivables as of the date hereof, (ii) the
Substituted Receivables have a Net Book Value, based on such Receivables’ Scheduled Payments that are scheduled to be received after the date hereof and prior to the applicable Maturity Date, equal to or greater than the Released Receivables
for the same period, and (iii) the aggregate, cumulative Net Book Value of all Substituted Receivables delivered since the Closing Date does not constitute more than 10% of the Original Pool Balance. 

The Servicer, on behalf of the Issuer, certifies that it has taken all necessary action to subject the Substituted Receivables to the Lien of
the Indenture in favor of the Indenture Trustee on behalf of the Noteholders. 
  

			
	COMMERCIAL CREDIT GROUP INC.,
	as Originator / Servicer
		
	By:		  

	Name:		
	Title:		


  
 EA-1 









			
	CCG RECEIVABLES IV, LLC
	as Depositor
		
	By		  

	Name:		
	Title		
	
	 CCG RECEIVABLES TRUST 2014-1,
 as
Issuer,

	 By: WILMINGTON TRUST, NATIONAL ASSOCIATION,

not in its individual capacity but solely as Owner Trustee of CCG RECEIVABLES TRUST 2014-1

		
	By:		  

	Name:		
	Title:		

  

			
	Acknowledged by:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Indenture Trustee

		
	By:		  

	Name:		
	Title:		



  
 EA-2 








 SCHEDULE I 

SUBSTITUTED RECEIVABLES SCHEDULE 
  

																																			
	Source	 	Cust	 	Contract
Num	 	Customer
Name	 	Issue
Month	 	Org
Day	 	Issue
Year	 	contract
Type	 	Residual
Value	 	Book
Value
WO Resid	 	Pmt per
amtz
schedule	 	lease_start_date	 	Maturity
date	 	Term	 	PMTS	 	months
to
maturity	 	days
oldest
rent
due	 	lease_billto_state
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	


  
 EA-3 








 SCHEDULE II 

REPLACED RECEIVABLES SCHEDULE 
  

																																			
	Source	 	Cust	 	Contract
Num	 	Customer
Name	 	Issue
Month	 	Org
Day	 	Issue
Year	 	contract
Type	 	Residual
Value	 	Book
Value
WO
Resid	 	Pmt per
amtz
schedule	 	lease_start_date	 	Maturity
date	 	Term	 	PMTS	 	months
to
maturity	 	days
oldest
rent
due	 	lease_billto_state
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	


  
 EA-4 








 EXHIBIT B 

Form of Servicer Report 

[see attached] 

  
 EB-1 








 CCG RECEIVABLES TRUST 2014-1 

SERVICER REPORT 
  

					
	Collection Period		From:		
			To (Month End Date):		
	Determination Date (2nd Business Day before related Payment Date):				
	Prior Payment Date (14th day or next succeeding business day of each month):				
	Payment Date (14th day or next succeeding business day of each month):				
	Closing Date				
	Has a Trigger Event Occurred?				
	Has a Servicer Default Occurred?				
	Number of Contracts				

  

					
	A.     Payment Summary	  	 	  	 

  

																									
	 Class
	 	CUSIP	 	 	Beginning Balance	 	Note Rate	 	 	Interest Paid	 	Principal Paid	 	Total
Distribution	 	Ending Balance	 	 	 	 	 	 
	A-1	 	 	12505NAA2	  	 		 	 	0.27	% 	 		 		 		 		 		 		 	
	A-2	 	 	12505NAB0	  	 		 	 	1.06	% 	 		 		 		 		 		 		 	
	B	 	 	12505NAC8	  	 		 	 	2.15	% 	 		 		 		 		 		 		 	

  

					
	 B.     Pool Receivable Activity During the Collection Period
	 		  	
			
	 Original Pool Balance (NBV)
	 		  	
			
	 Pool Balance (NBV), Beginning
	 		  	
	 Pool Balance (NBV), Ending
	 		  	
			
	 C.     Principal Payment Amount
	 		  	
			
	 Initial Overcollateralization Amount
	 		  	
	 Target Overcollateralization Amount
	 		  	
		 	  
	  	
	 Total Note Balance after Priority of Payments Steps vi and viii
				
		 	  
	  	
	 Scheduled Investor Principal Amount
				
			
	 D.     Servicer Advances
				
			
	 Unreimbursed Servicer Advances from Prior Collection Period
				
	 Servicer Advances during Current Collection Period
				
			
	 E.     Substitutions
				
			
	 Receivables Substituted to Date, Beginning
				
	 Receivables Substituted during Current Collection Period
				
	 Receivables Substituted to Date, Ending
				
	 % of Total Receivables Substituted
				
	 Cap for Substituted Receivables (10% of Orig. Pool Balance)
				
			
	 F.     Reserve Account
				
			
	 Reserve Account Balance, Beginning
				
	 Earnings from Investment of Funds in the Reserve Account
				
	 Reserve Account Total Balance
				
	 Required Reserve Amount
				
	 Reserve Account Withdrawal Amount
				
	 Reserve Account Deficiency covered by Excess Available Funds
				
	 Excess Reserve Funds released to Waterfall
				
	 Reserve Account Balance, Ending
				
	 Reserve Account Deficiency
				
			
	 G.     Available Amounts and Distributions
				
			
	 Available Amounts (in accordance with the definition of Available Amounts in the Indenture)
				
	 Aggregate Collections (including proceeds from liquidated contracts and upon a Trigger Event, Excluded Amounts)
				
	 Excess Amounts in the Collection Account
				
	 Earnings from Investment of Funds in the Collection Account
				
	 Servicer Advances Made During Current Collection Period
				
	 Aggregate Purchase Price of Contracts Repurchased by the Servicer
				
	 Available Amounts
				
	 Reserve Account Withdrawal Amount or Amount Released from the Reserve Account
				
		 	  
	  	
	 Total Available Amounts
				
		 	  
	  	


  

					
			Servicer Report		1










							
	 	  	 	 	  	 Remaining
Available Amount

	 Distributions (in accordance with Section 4.5(a) of the Indenture)
	  				  	
	 (i) To Servicer, any unreimbursed Servicer Advances, in respect of a prior Collection Period
	  	 	                    	  	  	
	 (ii) To Successor Servicer, successor servicer expenses
	  				  	
	 (iii) To Servicer, the Servicing Fee and expenses (including any unpaid amounts)
	  				  	
	 (iv) (a) To Indenture Trustee, the Indenture Trustee Fees (including any unpaid and indemnified amounts)
	  				  	
	 To Back-up Servicer, the Back-up Servicer Fees (including any unpaid and indemnified amounts)
	  				  	
	 To Owner Trustee, the Owner Trustee Fees (including any unpaid and indemnified amounts)
	  				  	
	 To Custodian, the Custodian Fees (including any unpaid and indemnified amounts)
	  				  	
	 (b) To Indenture Trustee, the Indenture Trustee unpaid and indemnified amounts
	  				  	
	 To Back-up Servicer, the Back-up Servicer including any unpaid and indemnified amounts
	  				  	
	 To Owner Trustee, the Owner Trustee including any unpaid and indemnified amounts
	  				  	
	 To Custodian, the Custodian including any unpaid and indemnified amounts
	  				  	
	 (v) To the Noteholder, Class A accrued interest:
	  				  	
	 Class A-1 accrued and unpaid interest
	  				  	
	 Class A-2 accrued and unpaid interest
	  				  	
	 (vi) To the Noteholder, principal amount, excess of Class A notes - Pool Balance
	  				  	
	 (vii) To the Noteholder, Class B accrued and unpaid interest
	  				  	
	 (viii) To the Noteholder, principal amount, excess of Class A & B notes - Pool Balance
	  				  	
	 (ix) To the Reserve Fund, the excess of the Required Reserve Amount
	  				  	
	 Scheduled Investor Principal Amount:
	  				  	
	 (x) (i) Prior to the occurrence and continuation of a trigger event:
	  				  	
	 Class A-1 Principal amount
	  				  	
	 Class A-2 Principal amount
	  				  	
	 Class B Principal amount
	  				  	
	 (x) (ii) During the continuation of a trigger event
	  				  	
	 Class A-1 Principal amount
	  				  	
	 Class A-2 Principal amount
	  				  	
	 Class B Principal amount
	  				  	
	 (xii) To the Indenture Trustee, Back-up Servicer and Custodian, all amounts due and not paid due to cap on (iv)
	  				  	
	 (xiii) To the Certificateholder, any excess
	  				  	
			
	 H.     Trigger Events
	  				  	
			
	 (i) Cumulative Realized Losses
	  				  	
	 Cumulative Net Loss Ratio (Cum. Realized Losses/Orig Pool Balance)
	  				  	
	 Cumulative Net Loss Ratio Trigger
	  				  	
			
	 (ii) Servicer Default has occurred and is continuing
	  				  	
			
	 J.      Servicer Default
	  				  	
			
	 Tangible Net
Worth                        Monthly as of:
	  				  	
	 Tangible Net Worth Trigger
	  				  	

 The undersigned does hereby certify: 
  

	 	I.	CCG and CCG Receivables IV, LLC are the Servicer and the SPV, respectively, under the Indenture and Sales & Servicing Agreement. The undersigned is a Responsible Officer of the Servicer and the Borrower.


  

	 	II.	The date of this Servicer Report is two business days prior to the Payment Date immediately following the Collection Period specified above. 


 

	 	III.	No Trigger Event or Event of Default has occurred under the Indenture. 

  

	 	IV.	The figures represented in this report are true and correct as of the date hereof 

  

	 	V.	As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all of its obligations under the Sales & Servicing Agreement and Indenture through the
Payment Date specified above. 

 IN WITNESS WHEREOF, the undersigned has duly executed this Report. 

 

			
		 	Commercial Credit Group, Inc.
		
	By:	 	  

		
	Title:	 	SVP and CFO
		
	Date:	 	


  

					
		  	Servicer Report	  	2









 EXHIBIT C 

Form of Credit and Collection Policies and Practices 

[see attached] 

  
 EC-1 








 COMMERCIAL CREDIT GROUP INC 

CREDIT POLICY 
 Effective Date:
September 1, 2004 
 Last Update: October 24, 2013 

Credit Submittals 
 All transactions
require a credit package and must be documented on the Company’s standard form of credit application. The amount of credit information required to evaluate a proposed transaction will be on a case-by-case basis depending on the size and
complexity of the proposed transaction. A typical credit package may include year-end and interim financial statements, corporate/LLC tax returns, collateral description, references, personal financial statements, personal tax returns and other
guarantor information. 
 Credit Process 

The credit package will be analyzed to include financial statement and cash flow analysis, collateral evaluation, and reference checks.
Reference checks must be documented on the Company’s standard form of internal credit documents. Credit reports such as Dun & Bradstreet, Paynet and credit bureau reports will be evaluated when applicable. If the proposed transaction
is with an existing obligor, previous transactions will also be reviewed for total exposure and cross-collateralization purposes. All terms and closing conditions will be noted on the credit application. All transactions require the approval of two
credit officers. 
 Credit Parameters 

Debt Service Coverage: At the time of the initial credit decision, the historic or forecasted Debt Service Coverage must be at or above
1:1. Debt Service Coverage is defined as Cash Flow (net income + non cash expenses) vs. Current Maturities of debt (excluding revolving facilities and balloon payments). If the obligor’s financial information does not itemize Current
Maturities, then the Company’s credit officers will use their best efforts to determine an estimate of Current Maturities. 

References: Reference checks on the proposed obligor’s secured debt must indicate current payment habits within 60 days of due
date. Credit reports must not have any excessive delinquency. 
 Previous Bankruptcies: The obligor and its majority owners must not
be in or have filed for a bankruptcy proceeding within the last 7 years. 
 A Credit Officer with credit authority of at least $750,000 must
approve transactions that do not meet the parameters as indicated above. 







 Non-Qualifying Transactions 

The Company will not entertain any transactions that have the following characteristics: 

 

	 	•	 	Floor plan 

  

	 	•	 	Owner-operator transportation without credit enhancement from a creditworthy carrier 

  

	 	•	 	Transactions involving a third party broker 

  

	 	•	 	Consumer or Agricultural 

 Credit Concentrations 

The Company’s in-house limit on total exposure to any one obligor (including related parties such as guarantors and affiliated entities
with similar ownership) shall not exceed 4% of the net portfolio. The Company may sell all or part of a transaction to third parties on a without recourse basis. Once a transaction is sold, the net amount sold will be removed from the total
concentration of that particular obligor. 
 Any transaction originated by the Company and initially financed by the Company with
non-recourse debt will not be subject to in-house credit limits. 
 Credit Officers and Authority 

All transactions require the approval of two credit officers prior to funding. The credit authorization on any one obligor will be the highest
credit authority assigned to the individual officers approving the transaction. The credit officers and their respective credit authority are set forth below: 
  

					
	 Daniel J. McDonough
		 	In-house limit	  
	 Kevin T. McGinn
		$	1,500,000	  
	 Donald G. Pokorny
		$	1,500,000	  
	 Bryan M. Combs
		$	750,000	  
	 Brett H. Goodman
		$	750,000	  
	 Mark R. Lempko
		$	750,000	  
	 James A. Rusch
		$	750,000	  
	 David M. Shoop
		$	750,000	  
	 Samuel C. Robinson
		$	750,000	  
	 Mark A. Voytas
		$	750,000	  
	 David DiCarlo, Jr.
		$	750,000	  
	 Dwayne Williamson
		$	750,000	  
	 Justin B. Mock
		$	400,000	  
	 James Roland
		$	400,000	  
	 Mary J. Ulrich
		$	400,000	  
	 Beverly Brumbach
		$	250,000	  
	 Jeffrey D. Clark
		$	250,000	  
	 Paul Budzynski
		$	250,000	  

 Extensions and Modifications 

At times existing obligors may request an extension or modified terms of their existing obligations. Such accommodations will require a
complete credit package and will follow the 







 
underwriting process and credit authorities of a newly proposed transaction. During an extension or modification request, the Company will reevaluate its collateral position, guarantors and
pricing and make the necessary adjustments. 
 Non-Accruals and Specific Account Write-Downs 

The Company will suspend interest income on contract receivables if, in management’s opinion, the collection of such receivable is in
question. This may occur for a variety of reasons including, but not limited to, delinquency, a bankruptcy proceeding, foreclosure, and deteriorating business conditions. All receivables over 91 days delinquent will automatically be placed on
non-accrual. 
 When an account is placed on non-accrual, the Company will perform a collateral evaluation and take the appropriate specific
account write-down. All contract receivables that become subject to foreclosure will be removed from the receivable classification at the time of foreclosure and reclassified as “Other Assets”, the carrying value of which is expected to be
the estimated liquidation value of the collateral.