Document:

EX-4.1

 Exhibit 4.1 
  

 
 E/evate 
PO BOX 43004,
Providence, RI 02940-3004 
MR A SAMPLE 
DESIGNATION (IF ANY) 
ADD 1 
ADD 2 
ADD 3 
ADD 4 
CUSIP XXXXXX XX X 
Holder ID XXXXXXXXXX 
Insurance Value 1,000,000.00 
Number of Shares 123456 
DTC 12345678 123456789012345 
Certificate Numbers Num/No. Denom. Total 
1234567890/1234567890 1 1 1 
1234567890/1234567890 2 2 2 
1234567890/1234567890 3 3 3 
1234567890/1234567890 4 4 4 
1234567890/1234567890 5 5 5 
1234567890/1234567890 6 6 6 
Total Transaction 7 
ZQ|CERT#|COY|CLS|RGSTRY|ACCT#|TRANSTYPE|RUN#|TRANS# 
COMMON STOCK 
PAR VALUE $.0004 
COMMON STOCK 
THIS CERTIFICATE IS TRANSFERABLE IN CANTON, MA, JERSEY CITY, NJ AND COLLEGE
STATION, TX 
Certificate Number 
ZQ00000000 
E/evate 
ELEVATE CREDIT, INC. 
INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE 
Shares 
* * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * * * 
* * * 0 0 0 0 0 0 * * * * * * * * * * * *
* * * * * 
* * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * * * 
* * * * * 0 0 0
0 0 0 * * * * * * * * * * * * * * * 
* * * * * * 0 0 0 0 0 0 * * * * * * * * * * * * * * 
THIS CERTIFIES THAT 
** Mr. Alexander David Sample **** MR. SAMPLE & MRS. SAMPLE & MR.
SAMPLE & MRS. SAMPLE 
CUSIP 28621V 10 1 
SEE REVERSE FOR CERTAIN
DEFINITIONS 
is the owner of 
**0000**Shares**** 
***ZERO HUNDRED THOUSAND ZERO HUNDRED AND ZERO*** 
FULLY-PAID AND NON-ASSESSABLE SHARES OF
COMMON STOCK OF 
Elevate Credit, Inc. (hereinafter called the “Company”), transferable on the books of the Company in person or by duly authorized
attorney, upon surrender of this Certificate properly endorsed. This Certificate and the shares represented hereby, are issued and shall be held subject to all of the provisions of the Articles of Incorporation, as amended, and the By-Laws, as
amended, of the Company (copies of which are on file with the Company and with the Transfer Agent), to all of which each holder, by acceptance hereof, assents. This Certificate is not valid unless countersigned and registered by the Transfer Agent
and Registrar. 
Witness the facsimile seal of the Company and the facsimile signatures of its duly authorized officers. 
President and Chief Executive Officer 
Chief Financial Officer Chief Operating Officer

ELEVATE CREDIT, INC. 
SEAL 2014 DELAWARE 
DATED DD-MMM-YYYY 
COUNTERSIGNED AND REGISTERED: 
COMPUTERSHARE TRUST COMPANY, N.A. 
TRANSFER AGENT AND REGISTRAR, 
By AUTHORIZED SIGNATURE 
SECURITY INSTRUCTIONS ON REVERSE 1234567 

 

 
 ELEVATE CREDIT, INC. 
THE COMPANY WILL FURNISH
WITHOUT CHARGE TO EACH SHAREHOLDER WHO SO REQUESTS, A SUMMARY OF THE POWERS, DESIGNATIONS, PREFERENCES AND RELATIVE, PARTICIPATING, OPTIONAL OR OTHER SPECIAL RIGHTS OF EACH CLASS OF STOCK OF THE COMPANY AND THE QUALIFICATIONS, LIMITATIONS OR
RESTRICTIONS OF SUCH PREFERENCES AND RIGHTS, AND THE VARIATIONS IN RIGHTS, PREFERENCES AND LIMITATIONS DETERMINED FOR EACH SERIES, WHICH ARE FIXED BY THE ARTICLES OF INCORPORATION OF THE COMPANY, AS AMENDED, AND THE RESOLUTIONS OF THE BOARD OF
DIRECTORS OF THE COMPANY, AND THE AUTHORITY OF THE BOARD OF DIRECTORS TO DETERMINE VARIATIONS FOR FUTURE SERIES. SUCH REQUEST MAY BE MADE TO THE OFFICE OF THE SECRETARY OF THE COMPANY OR TO THE TRANSFER AGENT. THE BOARD OF DIRECTORS MAY REQUIRE THE
OWNER OF A LOST OR DESTROYED STOCK CERTIFICATE, OR HIS LEGAL REPRESENTATIVES, TO GIVE THE COMPANY A BOND TO INDEMNIFY IT AND ITS TRANSFER AGENTS AND REGISTRARS AGAINST ANY CLAIM THAT MAY BE MADE AGAINST THEM ON ACCOUNT OF THE ALLEGED LOSS OR
DESTRUCTION OF ANY SUCH CERTIFICATE. 
The following abbreviations, when used in the inscription on the face of this certificate, shall be construed as though they
were written out in full according to applicable laws or regulations: 
TEN COM - as tenants in common UNIF GIFT MIN ACT - Custodian 
(Cust) (Minor) 
TEN ENT - as tenants by the entireties under Uniform Gifts to Minors Act

(State) 
JT TEN - as joint tenants with right of survivorship and not as
tenants in common UNIF TRF MIN ACT - Custodian (until age ) (Cust) 
under Uniform Transfers to Minors Act 
(Minor) (State) 
Additional abbreviations may also be used though not in the above list.

PLEASE INSERT SOCIAL SECURITY OR OTHER IDENTIFYING NUMBER OF ASSIGNEE 
For
value received, hereby sell, assign and transfer unto 
(PLEASE PRINT OR TYPEWRITE NAME AND ADDRESS, INCLUDING POSTAL ZIP CODE, OF ASSIGNEE) 
Shares 
of the common stock represented by the within Certificate, and do hereby irrevocably
constitute and appoint 
Attorney 
to transfer the said stock on the books of
the within-named Company with full power of substitution in the premises. 
Dated: 20 
Signature: 
Signature: 
Notice: The signature to this assignment must correspond with the name as written upon the face of the certificate, in every particular, without alteration or enlargement, or any
change whatever. 
Signature(s) Guaranteed: Medallion Guarantee Stamp 
THE
SIGNATURE(S) SHOULD BE GUARANTEED BY AN ELIGIBLE GUARANTOR INSTITUTION (Banks, Stockbrokers, Savings and Loan Associations and Credit Unions) WITH MEMBERSHIP IN AN APPROVED SIGNATURE GUARANTEE MEDALLION PROGRAM, PURSUANT TO S.E.C. RULE 17Ad-15.

The IRS requires that the named transfer agent (“we”) report the cost basis of certain shares or units acquired after January 1, 2011. If your
shares or units are covered by the legislation, and you requested to sell or transfer the shares or units using a specific cost basis calculation method, then we have processed as you requested. If you did not specify a cost basis calculation
method, then we have defaulted to the first in, first out (FIFO) method. Please consult your tax advisor if you need additional information about cost basis. 
If
you do not keep in contact with the issuer or do not have any activity in your account for the time period specified by state law, your property may become subject to state unclaimed property laws and transferred to the appropriate state.

1234567 
SECURITY INSTRUCTIONS 
THIS IS WATERMARKED PAPER, DO NOT ACCEPT WITHOUT NOTING WATERMARK. HOLD TO LIGHT TO VERIFY WATERMARK.EX-4.2

 Exhibit 4.2 

ELEVATE CREDIT, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

[            ], 2016 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1.
	 	 Definitions
	  	 	1	  
			
	 1.1
	 	 Certain Definitions
	  	 	1	  
			
	 SECTION 2.
	 	 Registration Rights
	  	 	3	  
			
	 2.1
	 	 Request for Registration
	  	 	3	  
			
	 2.2
	 	 Company Registration
	  	 	5	  
			
	 2.3
	 	 Registration on Form S-3
	  	 	7	  
			
	 2.4
	 	 Expenses of Registration
	  	 	7	  
			
	 2.5
	 	 Registration Procedures
	  	 	8	  
			
	 2.6
	 	 Indemnification
	  	 	9	  
			
	 2.7
	 	 Information by Holder
	  	 	11	  
			
	 2.8
	 	 Restrictions on Transfer
	  	 	11	  
			
	 2.9
	 	 Rule 144 Reporting
	  	 	13	  
			
	 2.10
	 	 Market Stand-Off Agreement
	  	 	14	  
			
	 2.11
	 	 Delay of Registration
	  	 	14	  
			
	 2.12
	 	 Transfer or Assignment of Registration Rights
	  	 	14	  
			
	 2.13
	 	 Limitations on Subsequent Registration Rights
	  	 	15	  
			
	 2.14
	 	 Termination of Registration Rights
	  	 	15	  
			
	 SECTION 3.
	 	 Miscellaneous
	  	 	15	  
			
	 3.1
	 	 Amendment
	  	 	15	  
			
	 3.2
	 	 Notices
	  	 	15	  
			
	 3.3
	 	 Governing Law
	  	 	16	  
			
	 3.4
	 	 Successors and Assigns
	  	 	16	  
			
	 3.5
	 	 Entire Agreement
	  	 	16	  
			
	 3.6
	 	 Delays or Omissions
	  	 	16	  
			
	 3.7
	 	 Severability
	  	 	17	  
			
	 3.8
	 	 Titles and Subtitles
	  	 	17	  
			
	 3.9
	 	 Counterparts
	  	 	17	  
			
	 3.10
	 	 Execution and Delivery
	  	 	17	  
			
	 3.11
	 	 Jurisdiction; Venue
	  	 	17	  
			
	 3.12
	 	 Further Assurances
	  	 	17	  
			
	 3.13
	 	 Termination Upon Change of Control
	  	 	17	  
			
	 3.14
	 	 Conflict
	  	 	18	  
			
	 3.15
	 	 Attorneys’ Fees
	  	 	18	  

  
 -i- 

 ELEVATE CREDIT, INC. 

AMENDED AND RESTATED INVESTORS’ RIGHTS AGREEMENT 

This Amended and Restated Investors’ Rights Agreement (this “Agreement”) is made as of
[            ], 2016, by and among Elevate Credit, Inc., a Delaware corporation (the “Company”), the holders of Series A Preferred Stock of the Company listed on Exhibit
A-1 (“Series A Investors”), and the holders of Series B Preferred Stock of the Company listed on Exhibit A-2 (“Series B Investors”). The Series A Investors and the Series B Investors are sometimes,
individually, referred to as an “Investor” and, collectively, as the “Investors.” Unless otherwise defined herein, capitalized terms used in this Agreement have the meanings ascribed to them in
Section 1. 
 RECITAL 

A. WHEREAS, the Company is undertaking an underwritten initial public offering of its Common Stock (the “IPO”), and in
connection with the IPO, and the listing of the Common Stock on the New York Stock Exchange (the “Listing”), the Company and the Investors wish to amend and restate in its entirety that certain Investors’ Rights Agreement,
dated as of May 1, 2014, by and among the Company and the Investors party thereto to set forth their respective rights and obligations on and after the date of the Listing (the “Listing Date”). 

NOW, THEREFORE, in consideration of the forgoing and the mutual promises and covenants set forth herein, and other consideration, the
receipt and adequacy of which is hereby acknowledged, the parties agree as follows, effective as of and from the Listing Date: 
 SECTION
1. 
 DEFINITIONS 

1.1 Certain Definitions. As used in this Agreement, the following terms shall have the meanings set forth below: 

(a) “Board” shall mean the Board of Directors of the Company. 

(b) “Commission” shall mean the Securities and Exchange Commission or any other federal agency at the time administering the
Securities Act. 
 (c) “Common Stock” means the Common Stock of the Company. 

(d) “Conversion Stock” shall mean shares of Common Stock issued upon conversion of the Series A Preferred Stock or Series B
Preferred Stock. 
 (e) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended, or any similar successor
federal statute and the rules and regulations thereunder, all as the same shall be in effect from time to time. 
 (f)
“Holder” shall mean any Investor who holds Registrable Securities and any holder of Registrable Securities to whom the registration rights conferred by this Agreement have been duly and validly transferred in accordance with
Section 2.12. 
 (g) “Indemnified Party” shall have the meaning set forth in Section 2.6(c). 

  
 1 

 (h) “Indemnifying Party” shall have the meaning set forth in
Section 2.6(c). 
 (i) “Initial Public Offering” shall mean the closing of the Company’s first firm
commitment underwritten public offering of Common Stock registered under the Securities Act. 
 (j) “Initiating Holders”
shall mean any Holder or Holders who in the aggregate hold not less than forty percent (40%) of the outstanding Registrable Securities. 

(k) “Registrable Securities” shall mean (i) Conversion Stock and (ii) any Common Stock issued as (or issuable upon
the conversion or exercise of any warrant, right or other security that is issued as) a dividend or other distribution with respect to, or in exchange for, or in replacement of, the shares referenced in (i) above; provided,
however, that Registrable Securities shall not include any shares of Common Stock described in clauses (i) and (ii) above which have previously been registered or which have been sold to the public either pursuant to a registration
statement or Rule 144, or which have been sold in a private transaction in which the transferor’s rights under this Agreement are not validly assigned in accordance with this Agreement. 

(l) The terms “register,” “registered” and “registration” shall refer to a registration
effected by preparing and filing a registration statement in compliance with the Securities Act and applicable rules and regulations thereunder, and the declaration or ordering of the effectiveness of such registration statement. 

(m) “Registration Expenses” shall mean all expenses incurred in effecting any registration pursuant to this Agreement,
including, without limitation, all registration, qualification, and filing fees, printing expenses, escrow fees, fees and disbursements of counsel for the Company and one special counsel for the Holders, blue sky fees and expenses, and expenses of
any regular or special audits incident to or required by any such registration, but shall not include Selling Expenses, fees and disbursements of other counsel for the Holders and the compensation of regular employees of the Company, which shall be
paid in any event by the Company. 
 (n) “Restricted Securities” shall mean any Registrable Securities
required to bear the first legend set forth in Section 2.8(c). 
 (o) “Rule 144” shall mean Rule 144 as
promulgated by the Commission under the Securities Act, as such Rule may be amended from time to time, or any similar successor rule that may be promulgated by the Commission. 

(p) “Rule 145” shall mean Rule 145 as promulgated by the Commission under the Securities Act, as such Rule may be amended
from time to time, or any similar successor rule that may be promulgated by the Commission. 
 (q) “Securities Act” shall
mean the Securities Act of 1933, as amended, or any similar successor federal statute and the rules and regulations thereunder, all as the same shall be in effect from time to time. 

(r) “Selling Expenses” shall mean all underwriting discounts, selling commissions and stock transfer taxes applicable to the
sale of Registrable Securities and fees and disbursements of counsel for any Holder (other than the fees and disbursements of one special counsel to the Holders included in Registration Expenses). 

  
 2 

 (s) “Series A Preferred Stock” shall mean the shares of Series A Preferred Stock
of the Company. 
 (t) “Series B Preferred Stock” shall mean the shares of Series B Preferred Stock of the Company. 

(u) “Shares” shall mean shares of Series A Preferred Stock and/or Series B Preferred Stock. 

(v) “Withdrawn Registration” shall mean a forfeited demand registration under Section 2.1 in accordance with the
terms and conditions of Section 2.4. 
 SECTION 2. 

REGISTRATION RIGHTS 

2.1 Request for Registration. 

(a) Request for Registration. Subject to the conditions set forth in this Section 2.1, if the Company shall receive
from Initiating Holders a written request signed by such Initiating Holders that the Company effect any registration with respect to all or a part of the Registrable Securities (such request shall state the number of shares of Registrable Securities
to be disposed of by such Initiating Holders), the Company will: 
 (i) promptly give written notice of the proposed registration to all
other Holders; and 
 (ii) as soon as practicable, file and use its commercially reasonable efforts to effect such registration (including,
without limitation, filing post-effective amendments, appropriate qualifications under applicable blue sky or other state securities laws, and appropriate compliance with the Securities Act) and to permit or facilitate the sale and distribution of
all or such portion of such Registrable Securities as are specified in such request, together with all or such portion of the Registrable Securities of any Holder or Holders joining in such request as are specified in a written request received by
the Company within twenty (20) days after such written notice from the Company is mailed or delivered. 
 (b) Limitations on
Requested Registration. The Company shall not be obligated to effect, or to take any action to effect, any such registration pursuant to this Section 2.1: 

(i) Prior to the earlier of (A) April 30, 2018 or (B) one hundred eighty (180) days following the effective date of the
first registration statement filed by the Company covering an underwritten offering of any of its securities to the general public; 
 (ii)
If the Initiating Holders, together with the holders of any other securities of the Company entitled to inclusion in such registration statement, propose to sell Registrable Securities and such other securities (if any) and the aggregate proceeds of
such offering (after deduction for underwriter’s discounts and expenses related to the issuance) are less than $5,000,000; 

  
 3 

 (iii) In any particular jurisdiction in which the Company would be required to execute a general
consent to service of process in effecting such registration, qualification, or compliance, unless the Company is already subject to service in such jurisdiction and except as may be required by the Securities Act; 

(iv) After the Company has initiated two such registrations pursuant to this Section 2.1 (counting for these purposes only
(x) registrations which have been declared or ordered effective and pursuant to which securities have been sold, and (y) Withdrawn Registrations); 

(v) During the period starting with the date sixty (60) days prior to the Company’s good faith estimate of the date of filing of,
and ending on a date one hundred eighty (180) days after the effective date of, a Company-initiated registration; provided that the Company is actively employing in good faith commercially reasonable efforts to cause such registration
statement to become effective; or 
 (vi) If the Initiating Holders propose to dispose of shares of Registrable Securities which may be
immediately registered on Form S-3 pursuant to a request made under Section 2.3. 
 (c) Deferral. If (i) in the good
faith judgment of the Board, the filing of a registration statement covering the Registrable Securities would be materially detrimental to the Company and the Board concludes, as a result, that it is in the best interests of the Company to defer the
filing of such registration statement at such time, and (ii) the Company shall furnish to such Holders a certificate signed by the President of the Company stating that in the good faith judgment of the Board, it would be materially detrimental
to the Company for such registration statement to be filed in the near future and that it is, therefore, in the best interests of the Company to defer the filing of such registration statement, then (in addition to the limitations set forth in
Section 2.1(b)(v)) the Company shall have the right to defer such filing for a period of not more than ninety (90) days after receipt of the request of the Initiating Holders, and, provided further, that the Company shall not defer
its obligation in this manner more than once in any twelve-month period; and provided further, that the Company shall not register any securities for the account of itself or any other stockholder during such
90-day period (other than registrations relating solely to the sale of securities of participants in Company stock plans or a registration relating to a corporate reorganization or transaction under Rule 145 of the Securities Act). 

(d) Underwriting. The right of any Holder to include all or any portion of its Registrable Securities in a registration pursuant to
this Section 2.1 shall be conditioned upon such Holder’s participation in an underwriting and the inclusion of such Holder’s Registrable Securities to the extent provided herein. The Company shall (together with all Holders
proposing to distribute their securities through such underwriting) enter into an underwriting agreement in customary form with the representative of the underwriter or underwriters selected for such underwriting by a majority in interest of the
Initiating Holders, which underwriters are reasonably acceptable to the Company. 
 Notwithstanding any other provision of this
Section 2.1, if the underwriters advise the Initiating Holders in writing that marketing factors require a limitation on the number of shares to be underwritten, the number of Registrable Securities that may be so included shall be
allocated 

  
 4 

 
among all Holders requesting to include Registrable Securities in such registration statement based on the pro rata percentage of Registrable Securities held by such Holders, assuming conversion.
In no event shall the number of Registrable Securities underwritten in such registration be limited unless and until all shares held by persons other than Holders, including the Company, are completely excluded from such offering. 

(e) Exclusion. If a person who has requested inclusion in such registration as provided above does not agree to the terms of any such
underwriting, then such person shall be excluded therefrom by written notice from the Company, the underwriter or the Initiating Holders. The securities so excluded shall also be withdrawn from registration. Any Registrable Securities or other
securities excluded or withdrawn from such underwriting shall also be withdrawn from such registration. If shares are so withdrawn from the registration and if the number of shares to be included in such registration was previously reduced as a
result of marketing factors pursuant to this Section 2.1(e), then the Company shall then offer to all Holders who have retained rights to include securities in the registration the right to include additional Registrable Securities in
the registration in an aggregate amount equal to the number of shares so withdrawn, with such shares to be allocated among such Holders requesting additional inclusion, as set forth above; provided, however, that such allocation shall not operate to
reduce the aggregate number of Registrable Securities to be included in such registration, if any Holder does not request inclusion of the maximum number of shares of Registrable Securities allocated to it pursuant to its pro rata allocation, in
which case the remaining portion of its allocation shall be reallocated among those requesting Holders whose allocations did not satisfy their initial requests, pro rata, on the basis of the number of shares of Registrable Securities held by such
Holders assuming conversion, and this procedure shall be repeated until all of the shares of Registrable Securities which may be included in the registration on behalf of the Holders have been so allocated. 

2.2 Company Registration. 

(a) Company Registration. If the Company shall determine to register any of its securities either for its own account or the account of
a security holder or holders, other than a registration pursuant to Section 2.1 or 2.3, a registration relating solely to employee benefit plans, a registration relating to the offer and sale of debt securities, a registration
relating to a corporate reorganization or other Rule 145 transaction, or a registration on any registration form that does not permit secondary sales, the Company will: 

(i) promptly give written notice of the proposed registration to all Holders; and 

(ii) use its commercially reasonable efforts to include in such registration (and any related qualification under blue sky laws or other
compliance), except as set forth in Section 2.2(b), and in any underwriting involved therein, all of such Registrable Securities as are specified in a written request or requests made by any Holder or Holders received by the Company
within twenty (20) days after such written notice from the Company is mailed or delivered. Such written request may specify all or a part of a Holder’s Registrable Securities. 

(b) Underwriting. If the registration of which the Company gives notice is for a registered public offering involving an underwriting,
the Company shall so advise the Holders as a part of the written notice given pursuant to Section 2.2(a)(i). In such event, the right of any Holder 

  
 5 

 
to registration pursuant to this Section 2.2 shall be conditioned upon such Holder’s participation in such underwriting and the inclusion of such Holder’s Registrable
Securities in the underwriting to the extent provided herein. All Holders proposing to distribute their securities through such underwriting shall (together with the Company and the other holders of securities of the Company with registration rights
to participate therein distributing their securities through such underwriting) enter into an underwriting agreement in customary form with the representative of the underwriter or underwriters selected by the Company. 

Notwithstanding any other provision of this Section 2.2, if the underwriters advise the Company in writing that marketing factors
require a limitation on the number of shares to be underwritten, the underwriters may (subject to the limitations set forth below) limit the number of Registrable Securities to be included in, the registration and underwriting. Notwithstanding the
foregoing, in no event will shares of any other selling stockholders (excluding shares registered for the account of the Company), which would reduce the number of Registrable Securities that may be included by the Holders, be included in such
registration without the written consent of Holders of not less than a majority of the Registrable Securities proposed to be sold in the offering. In the event that the underwriters determine that less than all of the Registrable Securities
requested to be registered can be included in such offering, then the Registrable Securities that are included in such offering shall be apportioned pro rata among the selling Holders based on the number of Registrable Securities held by all selling
Holders or in such other proportions as shall mutually be agreed to by all such selling Holders. Notwithstanding the foregoing, no such reduction shall reduce the value of the Registrable Securities of the Holders included in such registration below
twenty-five percent (25%) of the total value of securities included in such registration, unless such offering is the Company’s Initial Public Offering and such registration does not include shares of any other selling stockholders
(excluding shares registered for the account of the Company), in which event any or all of the Registrable Securities of the Holders may be excluded. 

If a person who has requested inclusion in such registration as provided above does not agree to the terms of any such underwriting, such
person shall also be excluded therefrom by written notice from the Company or the underwriter. The Registrable Securities or other securities so excluded shall also be withdrawn from such registration. Any Registrable Securities or other securities
excluded or withdrawn from such underwriting shall be withdrawn from such registration. If shares are so withdrawn from the registration and if the number of shares of Registrable Securities to be included in such registration was previously reduced
as a result of marketing factors pursuant to Section 2.2(b), the Company shall then offer to all persons who have retained the right to include securities in the registration the right to include additional securities in the registration
in an aggregate amount equal to the number of shares so withdrawn, with such shares to be allocated among the persons requesting additional inclusion, in the manner set forth above. 

(c) Right to Terminate Registration. The Company shall have the right to terminate or withdraw any registration initiated by it under
this Section 2.2 prior to the effectiveness of such registration whether or not any Holder has elected to include securities in such registration. 

(d) Initial Public Offering. This Section 2.2 shall not apply to the Company’s Initial Public Offering. 

  
 6 

 2.3 Registration on Form S-3. 

(a) Request for Form S-3 Registration. After the Initial Public Offering, the Company shall use its commercially reasonable efforts to
qualify for registration on Form S-3 or any comparable or successor form or forms. After the Company has qualified for the use of Form S-3, in addition to the rights contained in the foregoing provisions of Section 2 and subject to the
conditions set forth in this Section 2.3, if the Company shall receive from a Holder or Holders of Registrable Securities a written request that the Company effect any registration on Form S-3 or any similar short form registration
statement with respect to all or part of the Registrable Securities (such request shall state the number of shares of Registrable Securities to be disposed of and the intended methods of disposition of such shares by such Holder or Holders), then
the Company will take all such action with respect to such Registrable Securities as required by Section 2.1(a)(i) and (ii). 

(b) Limitations on Form S-3 Registration. The Company shall not be obligated to effect, or take any action to effect, any such
registration pursuant to this Section 2.3: 
 (i) In the circumstances described in either Sections 2.1(b)(i),
2.1(b)(iii) or 2.1(b)(v); 
 (ii) If the Holders, together with the holders of any other securities of the Company entitled
to inclusion in such registration, propose to sell Registrable Securities and such other securities (if any) on Form S-3 at an aggregate price to the public of less than $l,000,000; or 

(iii) If, in a given twelve-month period, the Company has effected two (2) such registrations in such period. 

(c) Deferral. The provisions of Section 2.1(c) shall apply to any registration pursuant to this Section 2.3.

 (d) Underwriting. If the Holders of Registrable Securities requesting registration under this Section 2.3 intend to
distribute the Registrable Securities covered by their request by means of an underwriting, the provisions of Sections 2.1(e) shall apply to such registration. Notwithstanding anything contained herein to the contrary, registrations effected
pursuant to this Section 2.3 shall not be counted as requests for registration or registrations effected pursuant to Section 2.1. 

2.4 Expenses of Registration. All Registration Expenses incurred in connection with registrations pursuant to Sections 2.1,
2.2 and 2.3 shall be borne by the Company; provided, however, that the Company shall not be required to pay for any expenses of any registration proceeding begun pursuant to Sections 2.1 and 2.3 if the registration
request is subsequently withdrawn at the request of the Holders of a majority of the Registrable Securities to be registered or because a sufficient number of Holders shall have withdrawn so that the minimum offering conditions set forth in
Sections 2.1 and 2.3 are no longer satisfied (in which case all participating Holders shall bear such expenses pro rata among each other based on the number of Registrable Securities requested to be so registered), unless the Holders
of a majority of the Registrable Securities agree to forfeit their right to a demand registration pursuant to Section 2.1; provided, however, in the event that a withdrawal by the Holders is based upon material adverse
information relating to the Company that is different from the information known or available (upon request from the Company or otherwise) to the Holders requesting registration at the time of their request

  
 7 

 
for registration under Section 2.1, such registration shall not be treated as a counted registration for purposes of Section 2.1 hereof, even though the Holders do not
bear the Registration Expenses for such registration. All Selling Expenses relating to securities registered on behalf of the Holders shall be borne by the holders of securities included in such registration pro rata among each other on the basis of
the number of Registrable Securities so registered. 
 2.5 Registration Procedures. In the case of each registration effected by the
Company pursuant to Section 2, the Company will keep each Holder advised in writing as to the initiation of each registration and as to the completion thereof. At its expense, the Company will use its commercially reasonable efforts to:

 (a) Keep such registration effective for a period of ending on the earlier of the date which is ninety (90) days from the effective
date of the registration statement or such time as the Holder or Holders have completed the distribution described in the registration statement relating thereto; provided, however, that (i) such 90 day period shall be extended for a period of
time equal to the period the Holder(s) refrain from selling any securities included in such registration at the request of an underwriter of Common Stock (or other securities) of the Company and (ii) in the case of any registration of
Registrable Securities on Form S-3 which are intended to be offered on a continuous or delayed basis, such 90 day period shall be extended, if necessary, to keep the registration statement effective until the earlier of (A) such time as all
such Registrable Securities registered on such registration statement are sold or (B) all such Registrable Securities on such registration statement may be sold in any three month period pursuant to Rule 144; 

(b) Prepare and file with the Commission such amendments and supplements to such registration statement and the prospectus used in connection
with such registration statement as may be necessary to comply with the provisions of the Securities Act with respect to the disposition of all securities covered by such registration statement for the period set forth in subsection (a) above;

 (c) Furnish such number of prospectuses, including any preliminary prospectuses, and other documents incident thereto, including any
amendment of or supplement to the prospectus, as a Holder from time to time may reasonably request; 
 (d) Use its reasonable best efforts
to register and qualify the securities covered by such registration statement under such other securities or Blue Sky laws of such jurisdiction as shall be reasonably requested by the Holders; provided, that the Company shall not be required in
connection therewith or as a condition thereto to qualify to do business or to file a general consent to service of process in any such states or jurisdictions; 

(e) Notify each seller of Registrable Securities covered by such registration statement at any time when a prospectus relating thereto is
required to be delivered under the Securities Act of the happening of any event as a result of which the prospectus included in such registration statement, as then in effect, includes an untrue statement of a material fact or omits to state a
material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in light of the circumstances then existing, and following such notification promptly prepare and furnish to such seller a
reasonable number of copies of a supplement to or an amendment of such prospectus as may be necessary so that, as thereafter delivered to the purchasers of such shares, such prospectus shall not include an untrue statement of a material fact or omit
to state a material fact required to be stated therein or necessary to make the statements therein not misleading or incomplete in light of the circumstances then existing; 

  
 8 

 (f) Use its commercially reasonable efforts to furnish, on the date that such Registrable
Securities are delivered to the underwriters for sale, if such securities are being sold through underwriters, (i) an opinion, dated as of such date, of the counsel representing the Company for the purposes of such registration, in form and
substance as is customarily given to underwriters in an underwritten public offering, addressed to the underwriters, if any, and reasonably satisfactory to a majority in interest of the Holders requesting registration of Registrable Securities and
(ii) a “comfort” letter dated as of such date, from the independent certified public accountants of the Company, in form and substance as is customarily given by independent certified public accountants to underwriters in an
underwritten public offering, addressed to the underwriters; 
 (g) Provide a transfer agent and registrar for all Registrable Securities
registered pursuant to such registration statement and a CUSIP number for all such Registrable Securities, in each case not later than the effective date of such registration; 

(h) Otherwise use its commercially reasonable efforts to comply with all applicable rules and regulations of the Commission, and make
available to its security holders, as soon as reasonably practicable, an earnings statement covering the period of at least twelve months, but not more than eighteen months, beginning with the first month after the effective date of the Registration
Statement, which earnings statement shall satisfy the provisions of Section 11(a) of the Securities Act; 
 (i) Cause all such
Registrable Securities registered pursuant hereunder to be listed on each securities exchange on which similar securities issued by the Company are then listed; and 

(j) In connection with any underwritten offering pursuant to a registration statement filed pursuant to Section 2.1, enter into an
underwriting agreement in form reasonably necessary to effect the offer and sale of Common Stock, provided such underwriting agreement contains reasonable and customary provisions, and provided further, that each Holder participating in such
underwriting shall also enter into and perform its obligations under such an agreement. 
 2.6 Indemnification. 

(a) To the extent permitted by law, the Company will indemnify and hold harmless each Holder, each of its officers, directors and partners,
legal counsel, and accountants and each person controlling such Holder within the meaning of Section 15 of the Securities Act, with respect to which registration, qualification, or compliance has been effected pursuant to this
Section 2, and each underwriter, if any, and each person who controls within the meaning of Section 15 of the Securities Act any underwriter, against all expenses, claims, losses, damages, and liabilities (or actions, proceedings,
or settlements in respect thereof) arising out of or based on: (i) any untrue statement (or alleged untrue statement) of a material fact contained or incorporated by reference in any prospectus, offering circular, or other document (including
any related registration statement, notification, or the like) incident to any such registration, qualification, or compliance, (ii) any omission (or alleged omission) to state therein a material fact required to be stated therein or necessary
to make the statements therein not misleading, or (iii) any violation (or alleged violation) 

  
 9 

 
by the Company of the Securities Act, any state securities laws or any rule or regulation thereunder applicable to the Company and relating to action or inaction required of the Company in
connection with any offering covered by such registration, qualification, or compliance, and the Company will reimburse each such Holder, each of its officers, directors, partners, legal counsel, and accountants and each person controlling such
Holder, each such underwriter, and each person who controls any such underwriter, for any legal and any other expenses reasonably incurred in connection with investigating and defending or settling any such claim, loss, damage, liability, or action;
provided that the Company will not be liable in any such case to the extent that any such claim, loss, damage, liability, or action arises out of or is based on any untrue statement or omission based upon written information furnished to the Company
by such Holder, any of such Holder’s officers, directors, partners, legal counsel or accountants, any person controlling such Holder, such underwriter or any person who controls any such underwriter and stated to be specifically for use
therein; and provided, further that, the indemnity agreement contained in this Section 2.6(a) shall not apply to amounts paid in settlement of any such loss, claim, damage, liability, or action if such settlement is effected without the
consent of the Company (which consent shall not be unreasonably withheld). 
 (b) To the extent permitted by law, each Holder will, if
Registrable Securities held by such Holder are included in the securities as to which such registration, qualification, or compliance is being effected, indemnify and hold harmless the Company, each of its directors, officers, partners, legal
counsel, and accountants and each underwriter, if any, of the Company’s securities covered by such a registration statement, each person who controls the Company or such underwriter within the meaning of Section 15 of the Securities Act,
each other such Holder, and each of their officers, directors, and partners, and each person controlling such Holder, against all claims, losses, damages and liabilities (or actions in respect thereof) arising out of or based on: (i) any untrue
statement (or alleged untrue statement) of a material fact contained or incorporated by reference in any such registration statement, prospectus, offering circular, or other document, or (ii) any omission (or alleged omission) to state therein
a material fact required to be stated therein or necessary to make the statements therein not misleading, and will reimburse the Company and such Holders, directors, officers, partners, legal counsel, and accountants, persons, underwriters, or
control persons for any legal or any other expenses reasonably incurred in connection with investigating or defending any such claim, loss, damage, liability, or action, in each case to the extent, but only to the extent, that such untrue statement
(or alleged untrue statement) or omission (or alleged omission) is made in such registration statement, prospectus, offering circular, or other document in reliance upon and in conformity with written information furnished to the Company by such
Holder and stated to be specifically for use therein; provided, however, that the obligations of such Holder hereunder shall not apply to amounts paid in settlement of any such claims, losses, damages, or liabilities (or actions in
respect thereof) if such settlement is effected without the consent of such Holder (which consent shall not be unreasonably withheld); and provided that in no event shall any indemnity under this Section 2.6 (together with amounts
paid in contribution pursuant to Section 2.6(d)) exceed the net proceeds from the offering received by such Holder. 
 (c) Each
party entitled to indemnification under this Section 2.6 (the “Indemnified Party”) shall give notice to the party required to provide indemnification (the “Indemnifying Party”) promptly after such
Indemnified Party has actual knowledge of any claim as to which indemnity may be sought, and shall permit the Indemnifying Party to assume the defense of such claim or any litigation resulting therefrom; provided that counsel for the Indemnifying
Party, who shall conduct the defense of such claim or any litigation resulting 

  
 10 

 
therefrom, shall be approved by the Indemnified Party (whose approval shall not be unreasonably withheld), and the Indemnified Party may participate in such defense at such party’s expense;
and provided further that the failure of any Indemnified Party to give notice as provided herein shall not relieve the Indemnifying Party of its obligations under this Section 2.6, to the extent such failure is not prejudicial. No
Indemnifying Party, in the defense of any such claim or litigation, shall, except with the consent of each Indemnified Party, consent to entry of any judgment or enter into any settlement that does not include as an unconditional term thereof the
giving by the claimant or plaintiff to such Indemnified Party of a release from all liability in respect to such claim or litigation. Each Indemnified Party shall furnish such information regarding itself or the claim in question as an Indemnifying
Party may reasonably request in writing and as shall be reasonably required in connection with defense of such claim and litigation resulting therefrom. 

(d) If the indemnification provided for in this Section 2.6 is held by a court of competent jurisdiction to be unavailable to an
Indemnified Party with respect to any loss, liability, claim, damage, or expense referred to herein, then the Indemnifying Party, in lieu of indemnifying such Indemnified Party hereunder, shall contribute to the amount paid or payable by such
Indemnified Party as a result of such loss, liability, claim, damage, or expense in such proportion as is appropriate to reflect the relative fault of the Indemnifying Party on the one hand and of the Indemnified Party on the other in connection
with the statements or omissions that resulted in such loss, liability, claim, damage, or expense as well as any other relevant equitable considerations. The relative fault of the Indemnifying Party and of the Indemnified Party shall be determined
by reference to, among other things, whether the untrue or alleged untrue statement of a material fact or the omission to state a material fact relates to information supplied by the Indemnifying Party or by the Indemnified Party and the
parties’ relative intent, knowledge, access to information, and opportunity to correct or prevent such statement or omission. Notwithstanding the foregoing, in no event shall a Holder contribute an amount pursuant to this
Section 2(d) (together with any amounts paid pursuant to Section 2.6(b)) in excess of the net proceeds received by such Holder in such applicable offering. 

(e) Notwithstanding the foregoing, to the extent that the provisions on indemnification and contribution contained in the underwriting
agreement entered into in connection with the underwritten public offering are in conflict with the foregoing provisions, the provisions in the underwriting agreement shall control. 

2.7 Information by Holder. Each Holder of Registrable Securities shall furnish to the Company such information regarding such Holder
and the distribution proposed by such Holder as the Company may reasonably request in writing and as shall be reasonably required in connection with any registration, qualification, or compliance referred to in this Section 2. 

2.8 Restrictions on Transfer.  

(a) The holder of each certificate representing Registrable Securities by acceptance thereof agrees to comply in all respects with the
provisions of this Section 2.8. Each Holder agrees not to make any sale, assignment, transfer, pledge or other disposition of all or any portion of the Restricted Securities, or any beneficial interest therein, except for transfers
permitted under Section 2.8(b), unless and until (x) the transferee thereof has agreed in writing for the benefit of the Company to take and hold such Restricted Securities subject to, and to be bound by, the terms

  
 11 

 
and conditions set forth in this Agreement, including, without limitation, this Section 2.8 and Section 2.10 or (y): 

(i) There is then in effect a registration statement under the Securities Act covering such proposed disposition and such disposition is made
in accordance with such registration statement; or 
 (ii) Such Holder shall have given prior written notice to the Company of such
Holder’s intention to make such disposition and shall have furnished the Company with a detailed description of the manner and circumstances of the proposed disposition, and, such disposition will not require registration of such Restricted
Securities under the Securities Act. It is agreed that the Company will not require opinions of counsel for transactions made pursuant to Rule 144 except in unusual circumstances. 

(b) Permitted transfers include (i) a transfer not involving a change in beneficial ownership, or (ii) transactions involving the
distribution without consideration of Restricted Securities by any Holder to (x) a parent, subsidiary or other affiliate of, or entity under common investment management with, such Holder, or (y) any of its partners, members or other
equity owners, or retired partners, retired members or other equity owners, or to the estate of any of its partners, members or other equity owners or retired partners, retired members or other equity owners, or (iii) transfers in compliance
with Rule 144, as long as the Company is furnished with satisfactory evidence of compliance with such Rule; provided, in each case, that the Holder thereof shall give written notice to the Company of such Holder’s intention to effect
such disposition and shall have furnished the Company with a detailed description of the manner and circumstances of the proposed disposition. 

(c) Each certificate representing Registrable Securities shall (unless otherwise permitted by the provisions of this Agreement) be stamped or
otherwise imprinted with a legend substantially similar to the following (in addition to any legend required under applicable state securities laws): 

THE SECURITIES REPRESENTED HEREBY HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, AS AMENDED (THE “ACT”), OR UNDER
THE SECURITIES LAWS OF CERTAIN STATES. THESE SECURITIES MAY NOT BE OFFERED, SOLD OR OTHERWISE TRANSFERRED, PLEDGED OR HYPOTHECATED EXCEPT AS PERMITTED UNDER THE ACT AND APPLICABLE STATE SECURITIES LAWS PURSUANT TO REGISTRATION OR AN EXEMPTION
THEREFROM. THE ISSUER OF THESE SECURITIES MAY REQUIRE AN OPINION OF COUNSEL SATISFACTORY TO THE ISSUER THAT SUCH OFFER, SALE OR TRANSFER, PLEDGE OR HYPOTHECATION OTHERWISE COMPLIES WITH THE ACT AND ANY APPLICABLE STATE SECURITIES LAWS. 

THE SHARES REPRESENTED BY THIS CERTIFICATE ARE SUBJECT TO RESTRICTIONS ON TRANSFERABILITY AND RESALE, INCLUDING A LOCK-UP PERIOD OF UP TO 180
DAYS IN 

  
 12 

 
THE EVENT OF A PUBLIC OFFERING, AS SET FORTH IN AN INVESTOR RIGHTS AGREEMENT, A COPY OF WHICH MAY BE OBTAINED AT THE PRINCIPAL OFFICE OF THE COMPANY. 

The Holders consent to the Company making a notation on its records and giving instructions to any transfer agent of the Restricted Securities
in order to implement the restrictions on transfer established in this Section 2.8. 
 (d) The first legend referring to federal
and state securities laws identified in Section 2.8(c) stamped on a certificate evidencing the Restricted Securities and the stock transfer instructions and record notations with respect to such Restricted Securities shall be removed and
the Company shall issue a certificate without such legend to the holder of such Restricted Securities if (i) such securities are registered under the Securities Act, or (ii) such holder provides the Company with an opinion of counsel
reasonably acceptable to the Company to the effect that a public sale or transfer of such securities may be made without registration under the Securities Act, or (iii) such holder provides the Company with reasonable assurances that such
securities can be sold in compliance with Rule 144. 
 (e) No Investor shall assign, transfer or delegate any of the Registrable Securities
or any of its rights, duties or obligations hereunder to any entity primarily engaged in the business of making payday loans (for purposes of clarification, (i) a venture capital fund or other investor shall not be deemed for purposes hereof to
be engaged in the business of its portfolio companies by virtue of such investment, notwithstanding the fact that such investment may be accompanied by representation on a company’s board of directors, customary management rights or other
similar rights ancillary to such investment, (ii) this restriction shall not apply to any distribution of Registrable Securities by any venture capital fund to any of its partners and (iii) this restriction shall in no event apply to a
transfer or assignment of the Registrable Securities in connection with a bona fide acquisition of the Company or a purchase of all or substantially all of its assets). 

2.9 Rule 144 Reporting. With a view to making available the benefits of certain rules and regulations of the Commission that may permit
the sale of the Restricted Securities to the public without registration, for so long as a Holder owns any Restricted Securities, the Company agrees to use its commercially reasonable efforts to: 

(a) Make and keep public information regarding the Company available as those terms are understood and defined in Rule 144 under the
Securities Act, at all times from and after ninety (90) days following the effective date of the first registration under the Securities Act filed by the Company for an offering of its securities to the general public; 

(b) File with the Commission in a timely manner all reports and other documents required of the Company under the Securities Act and the
Exchange Act at any time after it has become subject to such reporting requirements; and 
 (c) Furnish to the Holder forthwith upon written
request a written statement by the Company as to its compliance with the reporting requirements of Rule 144 (at any time from and after ninety (90) days following the effective date of the first registration statement filed by the Company for
an offering of its securities to the general public), and of the Securities Act and the Exchange Act (at any time after it has become subject to such reporting requirements), a copy of the 

  
 13 

 
most recent annual or quarterly report of the Company, and such other reports and documents so filed as a Holder may reasonably request in availing itself of any rule or regulation of the
Commission allowing a Holder to sell any such securities without registration. 
 2.10 Market Stand-Off Agreement. If
requested by the Company and an underwriter of Common Stock (or other securities) of the Company, each Holder shall not sell or otherwise transfer, make any short sale of, grant any option for the purchase of, or enter into any hedging or similar
transaction with the same economic effect as a sale, of any Common Stock (or other securities) of the Company held by such Holder (other than those included in the registration) during the one hundred eighty (180) day period following the
effective date of the Company’s Initial Public Offering filed under the Securities Act, provided that: all officers and directors of the Company and holders of at least one percent (1%) of the Company’s voting securities are bound by
and have entered into similar agreements. The obligations described in this Section 2.10 shall not apply to a registration relating solely to employee benefit plans on Form S-l or Form S-8 or similar forms that may be promulgated in the
future, or a registration relating solely to a transaction on Form S-4 or similar forms that may be promulgated in the future. The Company may impose stop-transfer instructions and may stamp each such certificate with the second legend set forth in
Section 2.8(c) with respect to the shares of Common Stock (or other securities) subject to the foregoing restriction until the end of such one hundred eighty (180) day period. If requested by the Company and an underwriter of Common
Stock (or other securities) of the Company, each Holder agrees to execute a market standoff agreement with said underwriters in customary form consistent with the provisions of this Section 2.10. Any discretionary waiver or termination
of the restrictions of any or all of such agreements by the Company or the underwriters shall apply to all Holders subject to such agreements pro rata based upon the number of shares subject to such agreements. 

2.11 Delay of Registration. No Holder shall have any right to take any action to restrain, enjoin, or otherwise delay any
registration as the result of any controversy that might arise with respect to the interpretation or implementation of this Section 2. 

2.12 Transfer or Assignment of Registration Rights. The rights to cause the Company to register securities granted to a Holder by the
Company under this Section 2 may be transferred or assigned by a Holder only to a transferee or assignee of such securities that (i) is a subsidiary, parent, partner, limited partner, retired partner, member, retired member, affiliate
(including an affiliated venture capital fund or entity under common investment management) or any other person or entity controlling, controlled by or under common control with such Holder, or stockholder of a Holder, (ii) is a Holder’s
family member or trust for the benefit of an individual Holder, (iii) after such assignment or transfer, holds at least 2% of the outstanding shares of Registrable Securities (subject to appropriate adjustment for stock splits, stock dividends,
combinations or the like), or (iv) with respect to a sale of the Registrable Securities, to a purchaser of all of the Registrable Securities then owned by the selling Holder (as of immediately prior to such sale); provided that
(i) such transfer or assignment of Registrable Securities is effected in accordance with the terms of Section 2.8 and applicable securities laws, (ii) the Company is given written notice prior to said transfer or assignment,
stating the name and address of the transferee or assignee and identifying the securities with respect to which such registration rights are intended to be transferred or assigned and (iii) the transferee or assignee of such rights assumes in
writing the obligations of such Holder under this Agreement, including without limitation the obligations set forth in Section 2.10. 

  
 14 

 2.13 Limitations on Subsequent Registration Rights. From and after the date of this
Agreement, the Company shall not, without the prior written consent of the Holders holding at least a majority in interest of the Registrable Securities then held by all Holders, enter into any agreement with any holder or prospective holder of any
securities of the Company giving such holder or prospective holder any registration rights the terms of which are pari passu with or senior to the registration rights granted to the Holders hereunder. 

2.14 Termination of Registration Rights. The right of any Holder to request registration or inclusion in any registration pursuant to
Section 2.1, 2.2 or 2.3 shall terminate on the earlier of (i) such date, on or after the closing of the Company’s first registered public offering of Common Stock, on which (x) all shares of Registrable Securities held or
entitled to be held upon conversion by such Holder may immediately be sold under Rule 144 or (y) such Holder holds one percent (1%) or less of the Company’s outstanding Common Stock and all Registrable Securities held by such Holder
(together with any affiliate of the Holder with whom such Holder must aggregate its sales under Rule 144) can be sold during any ninety (90) day period without registration in compliance with Rule 144, and (ii) five (5) years after
the closing of the Initial Public Offering. 
 SECTION 3. 

MISCELLANEOUS 

3.1 Amendment. 
 (a)
Except as otherwise set forth in this Section 3.1, this Agreement may only be amended upon the written consent of the (i) Company and (ii) Holders of a majority of the then-outstanding Registrable Securities. 

(b) Any such amendment, waiver, discharge or termination effected in accordance with this Section 3.1 shall be binding upon each
Holder and each future holder of all such securities of Holder. Each Holder acknowledges that by the operation of this Section 3.1, the holders of a portion (as specified herein) of the Registrable Securities (excluding any of such
shares that have been sold to the public or pursuant to Rule 144) will have the right and power to diminish or eliminate all rights of such Holder under this Agreement. 

(c) Notwithstanding the provisions of this Section 3.1, neither this Agreement nor any term hereof may be amended, waived,
discharged or terminated in a manner which adversely affects a party or parties hereto in a manner materially different than any other parties hereto without the prior written consent of the Holders holding a majority of the Registrable Securities
held by all such adversely affected Holders. 
 3.2 Notices. All notices and other communications required or permitted hereunder
shall be in writing and shall be mailed by registered or certified mail, postage prepaid, sent by facsimile or otherwise delivered by hand or by messenger addressed: 

(a) if to an Investor, at the Investor’s address or facsimile number as shown in the Company’s records, as may be updated in
accordance with the provisions hereof; 
 (b) if to any Holder, at such address or facsimile number as shown in the Company’s records,
or, until any such holder so furnishes an address or facsimile number to the Company, then to and at the address of the last holder of such shares for which the Company has contact information in its records; 

  
 15 

 (c) if to the Company, one copy should be sent to 4150 International Plaza, Ste. 300, Fort Worth,
Texas 76109, Attn: Chief Executive Officer, or at such other address as the Company shall have furnished to the Investors; and 
 (d) in the
case of any notice or communication sent pursuant to clause (a), (b) or (c), copies (which copies shall not constitute notice) should be sent to Kevin J. Sullivan, Weil, Gotshal & Manges LLP, 100 Federal Street, 34th Floor, Boston,
Massachusetts 02110-1802, to S. Benton Cantey V, Kelly Hart & Hallman, LLP, 201 Main Street, Suite 2500, Fort Worth, Texas 76102, and to Paul J. Tauber, Coblentz, Patch, Duffy & Bass LLP, One Montgomery Street, Suite 3000, San
Francisco, CA 94104. 
 In addition to delivery pursuant to subsections (a) through (c) above, a copy of all such notices and other communications
given or made pursuant hereto shall be delivered to each Investor and Holder by confirmed electronic mail at the Investor’s or Holder’s electronic mail address number as shown in the Company’s records, as may be updated in accordance
with the provisions hereof. Each such notice or other communication shall for all purposes of this Agreement be treated as effective or having been given when delivered if delivered personally, or, if sent by mail, at the earlier of its receipt or
72 hours after the same has been deposited in a regularly maintained receptacle for the deposit of the United States mail, addressed and mailed as aforesaid or, if sent by facsimile, upon confirmation of facsimile transfer or, if sent by electronic
mail, upon confirmation of delivery when directed to the electronic mail address set forth on the Schedule of Investors. 
 3.3 Governing
Law. This Agreement shall be governed in all respects by the internal laws of the State of Delaware as applied to agreements entered into among Delaware residents to be performed entirely within Delaware, without regard to principles of
conflicts of law. 
 3.4 Successors and Assigns. This Agreement, and any and all rights, duties and obligations hereunder, shall not
be assigned, transferred, delegated or sublicensed by any Investor without the prior written consent of the Company or except as otherwise set forth herein. Any attempt by an Investor without such permission or as otherwise hereby permitted to
assign, transfer, delegate or sublicense any rights, duties or obligations that arise under this Agreement shall be void. Subject to the foregoing and except as otherwise provided herein, the provisions of this Agreement shall inure to the benefit
of, and be binding upon, the successors, assigns, heirs, executors and administrators of the parties hereto. 
 3.5 Entire Agreement.
This Agreement and the exhibits hereto constitute the full and entire understanding and agreement between the parties with regard to the subjects hereof. Without limiting the foregoing, this Agreement amends and restates the Original Agreement in
its entirety. No party hereto shall be liable or bound to any other party in any manner with regard to the subjects hereof or thereof by any warranties, representations or covenants except as specifically set forth herein. 

3.6 Delays or Omissions. Except as expressly provided herein, no delay or omission to exercise any right, power or remedy
accruing to any party to this Agreement upon any breach or default of any other party under this Agreement shall impair any such right, power or remedy of 

  
 16 

 
such non-defaulting party, nor shall it be construed to be a waiver of any such breach or default, or an acquiescence therein, or of or in any similar breach or default thereafter occurring, nor
shall any waiver of any single breach or default be deemed a waiver of any other breach or default theretofore or thereafter occurring. Any waiver, permit, consent or approval of any kind or character on the part of any party of any breach or
default under this Agreement, or any waiver on the part of any party of any provisions or conditions of this Agreement, must be in writing and shall be effective only to the extent specifically set forth in such writing. All remedies, either under
this Agreement or by law or otherwise afforded to any party to this Agreement, shall be cumulative and not alternative. 
 3.7
Severability. If any provision of this Agreement becomes or is declared by a court of competent jurisdiction to be illegal, unenforceable or void, portions of such provision, or such provision in its entirety, to the extent necessary,
shall be severed from this Agreement, and such court will replace such illegal, void or unenforceable provision of this Agreement with a valid and enforceable provision that will achieve, to the extent possible, the same economic, business and other
purposes of the illegal, void or unenforceable provision. The balance of this Agreement shall be enforceable in accordance with its terms. 

3.8 Titles and Subtitles. The titles and subtitles used in this Agreement are used for convenience only and are not to be
considered in construing or interpreting this Agreement. All references in this Agreement to sections, paragraphs and exhibits shall, unless otherwise provided, refer to sections and paragraphs hereof and exhibits attached hereto. 

3.9 Counterparts. This Agreement may be executed in any number of counterparts, each of which shall be enforceable against the
parties that execute such counterparts, and all of which together shall constitute one instrument. 
 3.10 Execution and Delivery.
A facsimile, PDF file or other reproduction of this Agreement may be executed by one or more parties hereto and delivered by such party by facsimile, PDF file or any similar electronic transmission device pursuant to which the signature of or on
behalf of such party can be seen. Such execution and delivery shall be considered valid, binding and effective for all purposes. At the request of any party hereto, all parties hereto agree to execute and deliver an original of this Agreement as
well as any facsimile, telecopy or other reproduction hereof. 
 3.11 Jurisdiction; Venue. With respect to any disputes
arising out of or related to this Agreement, the parties consent to the exclusive jurisdiction of, and venue in, the state courts in Santa Clara County in the State of California (or in the event of exclusive federal jurisdiction, the courts of the
Northern District of California). 
 3.12 Further Assurances. Each party hereto agrees to execute and deliver, by the proper
exercise of its corporate, limited liability company, partnership or other powers, all such other and additional instruments and documents and do all such other acts and things as may be necessary to more fully effectuate this Agreement. 

3.13 Termination Upon Change of Control. Notwithstanding anything to the contrary herein, this Agreement (excluding any then
existing obligations) shall terminate upon (a) the acquisition of the Company by another entity by means of any transaction or series of related 

  
 17 

 
transactions to which the Company is party (including, without limitation, any stock acquisition, reorganization, merger or consolidation but excluding any sale of stock for capital raising
purposes) other than a transaction or series of transactions in which the holders of the voting securities of the Company outstanding immediately prior to such transaction continue to retain (either by such voting securities remaining outstanding or
by such voting securities being converted into voting securities of the surviving entity), as a result of shares in the Company held by such holders prior to such transaction, at least fifty percent (50%) of the total voting power represented
by the voting securities of the Corporation or such surviving entity outstanding immediately after such transaction or series of transactions; or (b) a sale, lease or other conveyance of all substantially all of the assets of the Company (each,
a “Change of Control”). 
 3.14 Conflict. In the event of any conflict between the terms of this Agreement
and the Company’s Certificate of Incorporation or its Bylaws, the terms of the Company’s Amended and Restated Certificate of Incorporation or its Bylaws, as the case may be, will control. 

3.15 Attorneys’ Fees. In the event that any suit or action is instituted to enforce any provision in this Agreement, the
prevailing party in such dispute shall be entitled to recover from the losing party all fees, costs and expenses of enforcing any right of such prevailing party under or with respect to this Agreement, including without limitation, such reasonable
fees and expenses of attorneys and accountants, which shall include, without limitation, all fees, costs and expenses of appeals. 

[Remainder of Page Intentionally Left Blank] 

  
 18 

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

			
	ELEVATE CREDIT, INC.
	a Delaware corporation
		
	By:	 	  

	Name:	 	Kenneth E. Rees
	Title:	 	President and Chief Executive Officer
	
	INVESTORS:
	
	 TCV V, L.P.
 a Delaware
Limited Partnership

	By:	 	Technology Crossover Management V, L.L.C.,
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	Attorney in Fact
	
	 TCV MEMBER FUND, L.P.
 a
Delaware Limited Partnership

	By:	 	Technology Crossover Management V, L.L.C.,
	Its:	 	General Partner
		
	By:	 	  

	Name:	 	  

	Title:	 	Attorney in Fact
	
	  

	Kenneth E. Rees
	
	  

	Linda Stinson

  

  
 Signature Page to
Investors’ Rights Agreement 

 
			
	INVESTORS (CONT’D):
	
	SEQUOIA CAPITAL GROWTH FUND III
	SEQUOIA CAPITAL GROWTH PARTNERS III
	SEQUOIA CAPITAL GROWTH III PRINCIPALS FUND
	
	By: SCGF III Management, LLC
	A Delaware Limited Liability Company
	General Partner
		
	By:	 	  

		 	 Managing Member

	
	SEQUOIA CAPITAL IX
	SEQUOIA CAPITAL ENTREPRENEURS ANNEX FUND
		
	By:	 	SC IX.I Management, LLC
		 	A Delaware Limited Liability Company
		
	By:	 	  

		 	 Managing Member

	
	SEQUOIA CAPITAL FRANCHISE FUND
	SEQUOIA CAPITAL FRANCHISE PARTNERS
	
	By: SCFF Management, LLC
	A Delaware Limited Liability Company
	General Partner of Each
		
	By:	 	  

		 	 Managing Member

	
	STARTUP CAPITAL VENTURES, L.P.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

  
 Signature Page to
Investors’ Rights Agreement 

 
			
	INVESTORS (CONT’D):
	
	7HBF NO. 2, LTD.
		
	By:	 	7HBF Management Co., Ltd., general partner
		
	By:	 	  

	Name:	 	  

	Title:	 	Manager
	
	REES/SOURCE VENTURES, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	HEARTLAND EXPLORATION PROPERTIES, LLC
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	AUTHOSIS CAPITAL, INC.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

	
	ORIX FINANCE CORP.
		
	By:	 	  

	Name:	 	  

	Title:	 	  

  

  
 Signature Page to
Investors’ Rights Agreement 

 EXHIBIT A-1 

SERIES A PREFERRED INVESTORS 
 Sequoia
Capital Growth Fund III 
 Sequoia Capital Entrepreneurs Annex Fund 

Sequoia Capital Franchise Fund 
 Sequoia Capital Franchise Partner

 Sequoia Capital Growth III Principals Fund 
 Sequoia Capital
Growth Partners III 
 Sequoia Capital IX 
 Startup Capital
Ventures, L.P. 
 TCV Member Fund, L.P. 
 TCV V, L.P. 

7HBF No. 2, Ltd. 
 Authosis Capital, Inc. 

Heartland Exploration Properties, LLC 
 Kenneth E. Rees 

Linda Stinson 
 ORIX Finance Corp. 

Rees/Source Ventures, Inc. 

 EXHIBIT A-2 

SERIES B PREFERRED INVESTORS 
 Sequoia
Capital Growth Fund III 
 Sequoia Capital Entrepreneurs Annex Fund 

Sequoia Capital Franchise Fund 
 Sequoia Capital Franchise Partner

 Sequoia Capital Growth III Principals Fund 
 Sequoia Capital
Growth Partners III 
 Sequoia Capital IX 
 TCV Member Fund,
L.P. 
 TCV V, L.P.

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