FOURTH AMENDMENT TO SECURITY AGREEMENT



 Exhibit 4.7 
  

FOURTH AMENDMENT TO AMENDED AND RESTATED 
 SECURITY AGREEMENT, PLEDGE AND INDENTURE OF
TRUST 
  
 Reference is hereby made to that
certain Amended and Restated Security Agreement, Pledge and Indenture of Trust dated as of June 30, 1997 (as the same may be amended, the “Subsidiary Security Agreement”), from World Acceptance Corporation of Alabama, World
Acceptance Corporation of Missouri, World Finance Corporation of Georgia, World Finance Corporation of Louisiana, World Acceptance Corporation of Oklahoma, Inc., World Finance Corporation of South Carolina, World Finance Corporation of Tennessee,
World Finance Corporation of Texas, WFC Limited Partnership, WFC of South Carolina, Inc., World Finance Corporation of Illinois, World Finance Corporation of New Mexico, World Finance Corporation of Kentucky, World Finance Corporation of Colorado,
and WFC Services, Inc., a South Carolina corporation (the “Companies” and individually a “Company”) to Harris N.A., as successor by merger to Harris Trust and Savings Bank, as Security Trustee. Capitalized terms not
otherwise defined herein shall have the meanings set forth in the Subsidiary Security Agreement. 
  
 World and the holders of the Senior Notes have concurrently herewith entered into an Amended and Restated Revolving Credit Agreement, which continues to
be secured by, among other things, the Collateral. The Companies and the Security Trustee now desire to amend the Subsidiary Security Agreement to reflect such change and to make certain other amendment to the Subsidiary Security Agreement as
provided for herein. 
  

	SECTION 1.	AMENDMENTS. 

  
 Subject to the satisfaction of the conditions precedent set forth in Section 2 below, the Subsidiary Security Agreement shall be and is hereby amended as
follows: 
  
 1.1. All references to the term “Revolving
Credit Agreement” in the Subsidiary Security Agreement shall from and after the date hereof be deemed a reference to the Amended and Restated Revolving Credit Agreement dated as of July 20, 2005, by and among World, the financial
institutions from time to time party thereto, as Banks, and Harris N.A., as Agent, as the same may from time to time hereafter be further amended or modified, including further amendments and restatements of the same in its entirety; and all
references to the term “Senior Notes” and “Notes” in the Subsidiary Security Agreement shall from and after the date hereof be deemed a reference to the promissory notes issued from time to time pursuant to the
Revolving Credit Agreement, including any and all promissory notes executed in substitution or replacement therefor or an extension or renewal thereof, in each case as the same may be amended or modified from time to time. 
  
 1.2. Section 2 of the Subsidiary Security Agreement shall be amended by
striking the period appearing after Section 2.10 and inserting in its place a semicolon followed by the following phrase: 
  
 provided that, in the case of a lien and security interest on the voting stock or other similar voting equity interests of a corporation, limited
liability company, partnership or other 










 
organization which is a “controlled foreign corporation” as defined under Section 957 of the Internal Revenue Code (herein, a “Foreign
Company”), if granting a security interest of more than 65% of the total combined voting stock or other voting equity interests of any such Foreign Company would cause adverse tax consequences to such Company, then such lien and security
interest on the voting stock or other voting equity interests shall be limited to 65% of the total combined voting stock or other voting equity interests of such Foreign Company. 
  
 1.3. WFC Services, Inc., a Tennessee corporation (“WFC-TN”), an inactive dormant subsidiary of World, shall
be removed as a Company party to the Subsidiary Security Agreement and as an Additional Guarantor under the Subsidiary Guaranty Agreement referred to therein. 
  

	SECTION 2.	REPRESENTATIONS, WARRANTIES AND COVENANTS. 

  
 Each Company hereby repeats and reaffirms all of its covenants, agreements, representations and warranties contained in the
Subsidiary Security Agreement, each and all of which shall be applicable to all of the properties, rights, interests and privileges subject to the lien of the Subsidiary Security Agreement after giving effect to this Amendment. Each Company hereby
certifies that no Event of Default or event which, with notice or lapse of time or both, would constitute an Event of Default exists under the Subsidiary Security Agreement after giving effect to this Amendment. 
  

	SECTION 3.	MISCELLANEOUS. 

  
 3.1. No reference to this Amendment need be made in any note, instrument or other document at any time referring to the Subsidiary Security Agreement, any
reference in any of such to the Subsidiary Security Agreement to be deemed to reference to the Subsidiary Security Agreement as modified hereby. 
  
 3.2. Except as specifically modified hereby, all the terms and conditions of the Subsidiary Security Agreement shall stand and remain unchanged and in
full force and effect. 
  
 3.3. This Amendment may be executed in
any number of counterparts, and by the different parties on different counterpart pages, all of which taken together shall constitute one and the same agreement. Any of the parties hereto may execute this Amendment by signing any such counterpart
and each of such counterparts shall for all purposes be deemed to be an original. This Amendment shall be governed by the laws of the State of South Carolina. 
  

[SIGNATURE PAGES TO FOLLOW] 
  

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 This Fourth Amendment to Amended and Restated Security Agreement, Pledge and Indenture of Trust is dated
as of July 20, 2005. 
  

					
	 WORLD ACCEPTANCE CORPORATION OF
ALABAMA

	 WORLD ACCEPTANCE CORPORATION OF
MISSOURI

	 WORLD FINANCE CORPORATION OF
GEORGIA

	 WORLD FINANCE CORPORATION OF
LOUISIANA

	 WORLD ACCEPTANCE CORPORATION OF OKLAHOMA,
INC.

	 WORLD FINANCE CORPORATION OF SOUTH
CAROLINA

	 WORLD FINANCE CORPORATION OF
TENNESSEE

	 WFC OF SOUTH CAROLINA, INC.

	 WORLD FINANCE CORPORATION OF
ILLINOIS

	 WORLD FINANCE CORPORATION OF NEW
MEXICO

	 WORLD FINANCE CORPORATION OF
KENTUCKY

	 WORLD FINANCE CORPORATION OF
COLORADO

	 WFC SERVICES, INC., a South Carolina corporation

		
	By	 	 
	 	 	A. Alexander McLean III
	 	 	Its Executive Vice President
	
	 WFC LIMITED PARTNERSHIP

		
	 By
	 	WFC of South Carolina, Inc., as sole general partner
			
	 	 	 By
	 	 
	 	 	 	 	A. Alexander McLean III
	 	 	 	 	Its Executive Vice President


  

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	 WORLD FINANCE CORPORATION OF TEXAS

		
	By	 	 
	 	 	Charles F. Gardner, Jr.
	 	 	Its President
	
	 HARRIS N.A., as successor by merger to Harris Trust and Savings Bank, as Security Trustee

		
	By	 	 
	 Name
	 	 
	 Title
	 	 


  

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 NOTEHOLDERS’ CONSENT 
  
 Pursuant to Section 9.2 of the Subsidiary Security Agreement, the undersigned Noteholders hereby consent to the Fourth Amendment to Amended and Restated Security Agreement, Pledge and Indenture of Trust, and direct the Security Trustee to
execute such Amendment. Without limiting the foregoing, each of the undersigned Noteholders agrees to release WFC Services, Inc., a Tennessee corporation, as a Company under the Subsidiary Security Agreement and as an Additional Guarantor under the
Subsidiary Guaranty Agreement referred to therein. 
  

			
	 HARRIS N.A., as successor by merger to Harris Trust and Savings Bank, as Security Trustee

		
	By	 	 
	 Its
	 	 
	
	 JPMORGAN CHASE BANK, N.A.

		
	By	 	 
	 Its
	 	 
	
	 LASALLE BANK NATIONAL ASSOCIATION

		
	By	 	 
	 Its
	 	 
	
	 HIBERNIA NATIONAL BANK

		
	By	 	 
	 Its
	 	 
	
	 WELLS FARGO FINANCIAL PREFERRED CAPITAL,
INC.

		
	By	 	 
	 Its
	 	 
	
	 CAROLINA FIRST BANK

		
	By	 	 
	 Its
	 	 


  

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