Exhibit
10.1


Execution
Version


 










CONFIDENTIAL
TREATMENT


[***]
indicates that certain confidential information contained in this document, marked by brackets, has been omitted because the information
is (i) not material and (ii) would be competitively harmful if publicly disclosed.


FIFTH
AMENDMENT TO

ASSET SALE AGREEMENT


This
FIFTH AMENDMENT TO ASSET SALE AGREEMENT (this “Amendment”),
dated as of June 25, 2021 (the “Amendment Effective Date”), is made by and between WEBBANK, a Utah-chartered
industrial bank having its principal location in Salt Lake City, Utah (“Bank”), and PROSPER FUNDING LLC, a
Delaware limited liability company having its principal location in San Francisco, California (“PFL”). Capitalized
terms used and not otherwise defined herein shall have the respective meanings set forth in the Existing Asset Sale Agreement
(as defined below).


RECITALS


WHEREAS,
reference is made to that certain Asset Sale Agreement, dated as of July 1, 2016, by and between Bank and PFL (as amended, restated,
amended and restated, supplemented or otherwise modified from time to time prior to the date hereof, the “Existing Asset
Sale Agreement”); and


 


WHEREAS,
the Parties desire to amend the Existing Asset Sale Agreement to provide for certain amendments to the Program terms.


 


AGREEMENT


NOW,
THEREFORE, in consideration of the foregoing Recitals and the terms, conditions and mutual covenants and agreements herein contained,
and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, Bank and PFL mutually agree
as follows:


1.                 
Section 8(a) of the Existing Asset Sale Agreement is amended and restated in its entirety as follows:


“This
Agreement shall begin on the Effective Date and end on February 1, 2025 (the “Initial Term”) and shall renew automatically
for successive terms of one (1) year (each, a “Renewal Term,” and collectively, the Initial Term and any Renewal Terms
shall be referred to as the “Term”), unless either Party provides notice of non-renewal to the other Party at least
ninety (90) days prior to the end of the then applicable Term or this Agreement is earlier terminated in accordance with the provisions
hereof.”


2.                 
Schedule 2 to the Existing Asset Sale Agreement is amended by amending and restating the definition of the term
“LTF Required Balance” in Section (p)(5) of Schedule 2 as follows:


“(5)‘LTF
Required Balance’ means the amount calculated in accordance with the terms of Exhibit B.”


3.                 
Exhibit B to the Existing Asset Sale Agreement is amended by amending and restating Exhibit B in its entirety as
set forth in Exhibit B to this Amendment.



    	 



    	 



    




4.                 
Bank shall, within two Business Days after the Amendment Effective Date, release and pay to PFL any amount then held in
the LTF Collateral Account that exceeds the LTF Required Balance as modified by this Amendment.


5.                 
Miscellaneous. 


		(a)	Effect
                                         of Amendment. Except as expressly amended and/or superseded by this Amendment, the
                                         Existing Asset Sale Agreement shall remain in full force and effect. This Amendment shall
                                         not constitute an amendment or waiver of any provision of the Existing Asset Sale Agreement,
                                         except as expressly set forth herein. Upon the Amendment Effective Date, or as otherwise
                                         set forth herein, the Existing Asset Sale Agreement shall thereupon be deemed to be amended
                                         and supplemented as hereinabove set forth, and this Amendment shall henceforth be read,
                                         taken and construed as an integral part of the Existing Asset Sale Agreement; however,
                                         such amendments and supplements shall not operate so as to render invalid or improper
                                         any action heretofore taken under the Existing Asset Sale Agreement. In the event of
                                         any inconsistency between this Amendment and the Existing Asset Sale Agreement with respect
                                         to the matters set forth herein, this Amendment shall take precedence. References in
                                         any of the Program Documents or amendments thereto to the Existing Asset Sale Agreement
                                         shall be deemed to mean the Existing Asset Sale Agreement as amended by this Amendment.



		(b)	Counterparts.
                                         This Amendment may be executed and delivered by the Parties in any number of counterparts,
                                         and by different parties on separate counterparts, each of which counterpart shall be
                                         deemed an original and all of which counterparts, taken together, shall constitute but
                                         one and the same instrument.



		(c)	Governing
                                         Law. This Amendment shall be interpreted and construed in accordance with the laws
                                         of the State of Utah, without giving effect to the rules, policies, or principles thereof
                                         with respect to conflicts of laws.



[Signature
Pages to Follow]




    	-2-



    	 



    

IN WITNESS WHEREOF,
the Parties have caused this Amendment to be executed by their duly authorized officers as of the date first written above.


 


		WEBBANK	









	 	 	 
	By:  	/s/ Jason Lloyd	 
	 	Name: Jason Lloyd
	 	Title: President




 


[Signature
Page to Fifth Amendment to Asset Sale Agreement]









    	 



    	 



    




PROSPER
FUNDING LLC





	 	 	 
	By:  	/s/ Edward
R. Buell III	 
	 	Name: Edward R. Buell III
	 	Title: Secretary


 


[Signature
Page to Fifth Amendment to Asset Sale Agreement]







    	 



    	 



    

Exhibit
B


 


Calculation
of LTF Required Balance


 


This
exhibit sets forth the method for calculating the LTF Required Balance.


		1.	The
                                         LTF Required Balance is equal to the sum of [***] for each [***], beginning with the
                                         first month in which Assets are sold by Bank pursuant to this Agreement.



		2.	Each
                                         [***] is equal to the difference, [***], between the [***] and the [***].



		a.	The
                                         [***] for a [***] is equal to the product of (i) the [***], of (A) the [***] of each
                                         such Loan multiplied by (B) [***] multiplied by the [***] (or, for any Loan without a
                                         [***], [***]), multiplied by (ii) the [***].



		b.	The
                                         [***] shall initially be equal to [***]. On a [***], Bank and PFL shall review and update
                                         the [***], based on [***]: (i) [***], (ii) [***], (iii) [***], and (iv) [***]. As of
                                         any measurement period for the [***], the same [***] shall be used for all [***]. The
                                         [***] shall be calculated to a whole number of basis points.



		c.	PFL
                                         shall provide to Bank [***] in order to permit Bank to [***].



		d.	[***].



		3.	The
                                         LTF Required Balance shall be reset as of the first Business Day of each month.





[Exhibit
B to Fifth Amendment to Asset Sale Agreement]