Document:

EX-10.16

 Exhibit 10.16 

Execution 

SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of December 19, 2014 

among 
 ON DECK ASSET
COMPANY, LLC, 
 as Borrower 

VARIOUS LENDERS, 
 and

 WC 2014-1, LLC, 

as Administrative Agent 

and 
 DEUTSCHE BANK
TRUST COMPANY AMERICAS, 
 as Paying Agent and Collateral Agent 

 
  

$50,000,000 Securitization Facility 
  

 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
	 SECTION 1.
	 	 DEFINITIONS AND INTERPRETATION
	  	 	1	  
	 1.1
	 	 Definitions
	  	 	1	  
	 1.2
	 	 Accounting Terms
	  	 	38	  
	 1.3
	 	 Interpretation, etc.
	  	 	38	  
	 1.4
	 	 Amendment and Restatement
	  	 	39	  
			
	 SECTION 2.
	 	 LOANS
	  	 	39	  
	 2.1
	 	 Revolving Loans
	  	 	39	  
	 2.2
	 	 Pro Rata Shares
	  	 	41	  
	 2.3
	 	 Use of Proceeds
	  	 	41	  
	 2.4
	 	 Evidence of Debt; Register; Lenders’ Books and Records; Notes
	  	 	41	  
	 2.5
	 	 Interest on Loans
	  	 	42	  
	 2.6
	 	 Default Interest
	  	 	43	  
	 2.7
	 	 [Reserved]
	  	 	43	  
	 2.8
	 	 Revolving Commitment Termination Date
	  	 	43	  
	 2.9
	 	 Voluntary Commitment Reductions
	  	 	43	  
	 2.10
	 	 Borrowing Base Deficiency
	  	 	44	  
	 2.11
	 	 Controlled Accounts
	  	 	44	  
	 2.12
	 	 Application of Proceeds
	  	 	48	  
	 2.13
	 	 General Provisions Regarding Payments
	  	 	50	  
	 2.14
	 	 Ratable Sharing
	  	 	51	  
	 2.17
	 	 Obligation to Mitigate
	  	 	56	  
	 2.18
	 	 Defaulting Lenders
	  	 	56	  
	 2.19
	 	 Removal or Replacement of a Lender
	  	 	57	  
	 2.20
	 	 The Paying Agent.
	  	 	58	  
	 2.21
	 	 Duties of Paying Agent
	  	 	62	  
			
	 SECTION 3.
	 	 CONDITIONS PRECEDENT
	  	 	66	  
	 3.3
	 	 Conditions to Each Credit Extension
	  	 	68	  
			
	 SECTION 4.
	 	 REPRESENTATIONS AND WARRANTIES
	  	 	70	  
	 4.1
	 	 Organization; Requisite Power and Authority; Qualification; Other Names
	  	 	70	  
	 4.2
	 	 Capital Stock and Ownership
	  	 	70	  
	 4.3
	 	 Due Authorization
	  	 	71	  
	 4.4
	 	 No Conflict
	  	 	71	  
	 4.5
	 	 Governmental Consents
	  	 	71	  
	 4.6
	 	 Binding Obligation
	  	 	71	  
	 4.7
	 	 Eligible Receivables
	  	 	71	  
	 4.8
	 	 Historical Financial Statements
	  	 	71	  
	 4.9
	 	 Financial Plan.
	  	 	72	  
	 4.10
	 	 No Material Adverse Effect
	  	 	72	  
	 4.11
	 	 Adverse Proceedings, etc.
	  	 	72	  

  
 i 

							
	 4.12
		 Payment of Taxes
		 	72	  
	 4.13
		 Title to Assets
		 	72	  
	 4.14
		 No Indebtedness
		 	73	  
	 4.15
		 No Defaults
		 	73	  
	 4.16
		 Material Contracts
		 	73	  
	 4.17
		 Government Contracts
		 	73	  
	 4.18
		 Governmental Regulation
		 	73	  
	 4.19
		 Margin Stock
		 	73	  
	 4.20
		 Employee Benefit Plans
		 	74	  
	 4.21
		 Certain Fees
		 	74	  
	 4.22
		 Solvency; Fraudulent Conveyance
		 	74	  
	 4.23
		 Compliance with Statutes, etc.
		 	74	  
	 4.24
		 Matters Pertaining to Related Agreements
		 	74	  
	 4.25
		 Disclosure
		 	75	  
	 4.26
		 Patriot Act
		 	75	  
	 4.27
		 Remittance of Collections.
		 	75	  
			
	 SECTION 5.
		 AFFIRMATIVE COVENANTS
		 	75	  
	 5.1
		 Financial Statements and Other Reports
		 	76	  
	 5.2
		 Existence
		 	79	  
	 5.3
		 Payment of Taxes and Claims
		 	79	  
	 5.4
		 Insurance
		 	80	  
	 5.5
		 Inspections; Compliance Audits; Regulatory Review
		 	80	  
	 5.6
		 Lenders Meetings
		 	81	  
	 5.7
		 Compliance with Laws
		 	81	  
	 5.8
		 Separateness
		 	81	  
	 5.9
		 Further Assurances
		 	82	  
	 5.10
		 Communication with Accountants
		 	82	  
	 5.11
		 Acquisition of Receivables from Holdings
		 	82	  
			
	 SECTION 6.
		 NEGATIVE COVENANTS
		 	82	  
	 6.1
		 Indebtedness
		 	83	  
	 6.2
		 Liens
		 	83	  
	 6.3
		 Equitable Lien
		 	83	  
	 6.4
		 No Further Negative Pledges
		 	83	  
	 6.5
		 Restricted Junior Payments
		 	83	  
	 6.6
		 Subsidiaries
		 	83	  
	 6.7
		 Investments
		 	83	  
	 6.8
		 Fundamental Changes; Disposition of Assets; Acquisitions
		 	84	  
	 6.9
		 Sales and Lease-Backs
		 	84	  
	 6.10
		 Transactions with Shareholders and Affiliates
		 	84	  
	 6.11
		 Conduct of Business
		 	84	  
	 6.12
		 Fiscal Year
		 	84	  
	 6.13
		 Servicer; Backup Servicer; Custodian
		 	85	  
	 6.14
		 Acquisitions of Receivables
		 	85	  
	 6.15
		 Independent Manager
		 	85	  
	 6.16
		 Organizational Agreements and Credit Documents
		 	87	  

  
 ii 

							
	 6.17
		 Changes in Underwriting or Other Policies
		 	88	  
	 6.18
		 Receivable Forms
		 	88	  
			
	 SECTION 7.
		 EVENTS OF DEFAULT
		 	88	  
	 7.1
		 Events of Default
		 	88	  
			
	 SECTION 8.
		 AGENTS
		 	93	  
	 8.1
		 Appointment of Agents
		 	93	  
	 8.2
		 Powers and Duties
		 	93	  
	 8.3
		 General Immunity
		 	94	  
	 8.4
		 Agents Entitled to Act as Lender
		 	94	  
	 8.5
		 Lenders’ Representations, Warranties and Acknowledgment
		 	95	  
	 8.6
		 Right to Indemnity
		 	95	  
	 8.7
		 Successor Administrative Agent and Collateral Agent
		 	96	  
	 8.8
		 Collateral Documents
		 	97	  
			
	 SECTION 9.
		 MISCELLANEOUS
		 	98	  
	 9.1
		 Notices
		 	98	  
	 9.2
		 Expenses
		 	98	  
	 9.3
		 Indemnity
		 	99	  
	 9.4
		 Reserved
		 	100	  
	 9.5
		 Amendments and Waivers
		 	100	  
	 9.6
		 Successors and Assigns; Participations
		 	102	  
	 9.7
		 Independence of Covenants
		 	106	  
	 9.8
		 Survival of Representations, Warranties and Agreements
		 	106	  
	 9.9
		 No Waiver; Remedies Cumulative
		 	106	  
	 9.10
		 Marshalling; Payments Set Aside
		 	106	  
	 9.11
		 Severability
		 	107	  
	 9.12
		 Obligations Several; Actions in Concert
		 	107	  
	 9.13
		 Headings
		 	107	  
	 9.14
		 APPLICABLE LAW
		 	107	  
	 9.15
		 CONSENT TO JURISDICTION
		 	107	  
	 9.16
		 WAIVER OF JURY TRIAL
		 	108	  
	 9.17
		 Confidentiality
		 	109	  
	 9.18
		 Usury Savings Clause
		 	110	  
	 9.19
		 Counterparts
		 	111	  
	 9.20
		 Effectiveness
		 	111	  
	 9.21
		 Patriot Act
		 	111	  

  
 iii 

					
	 APPENDICES:
		 A
		 Revolving Commitments

			 B
		 Notice Addresses

			 C
		 Eligibility Criteria

			 D
		 Excess Concentration Amounts

			 E
		 Portfolio Performance Covenants

			 F
		 Calculation of Receivable Yield and Outstanding Principal Balance

			
	 SCHEDULES:
		 1.1-A
		 [Reserved]

			 1.1-B
		 Financial Covenants

			 4.1
		 Jurisdictions of Organization and Qualification; Trade Names

			 4.2
		 [Reserved]

			
	 EXHIBITS:
		 A
		 Form of Funding Notice

			 B
		 Form of Revolving Loan Note

			 C-1
		 Form of Compliance Certificate

			 C-2
		 Form of Borrowing Base Report and Certificate

			 D
		 Form of Assignment Agreement

			 E
		 Form of Certificate Regarding Non-Bank Status

			 F
		 Form of Amendment Effective Date Certificate

			 G
		 Form of Controlled Account Voluntary Payment Notice

			 H
		 Form of Financing Statement

			 I
		 Form of Receivables Purchase Agreement

  
 iv 

 SECOND AMENDED AND RESTATED CREDIT AGREEMENT 

This SECOND AMENDED AND RESTATED CREDIT AGREEMENT, dated as of December 19, 2014, is entered into by and among
ON DECK ASSET COMPANY, LLC, a Delaware limited liability company (“Company”), the Lenders party hereto from time to time and WC 2014-1, LLC, as Administrative Agent for the Lenders (in such capacity,
“Administrative Agent”) and DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent (in such capacity, “Paying Agent”) and as Collateral Agent for the Secured Parties (in such
capacity, “Collateral Agent”). 
 RECITALS: 

WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in
Section 1.1 hereof; 
 WHEREAS, the Company, the Lenders party hereto, the Administrative Agent (as
successor in such capacity to ODBL IV, LLC), the Collateral Agent and the Paying Agent are parties to that certain Amended and Restated Credit Agreement dated as of October 17, 2014 (as amended, supplemented or modified from time to time, the
“Existing Credit Agreement”); and 
 WHEREAS, in order to continue the existing indebtedness of the
Company the Company has requested that the Existing Credit Agreement be amended and restated in its entirety (the “Amendment and Restatement”), and the Lenders party thereto are willing to do so on the terms and conditions set forth
herein; 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein
contained, the parties hereto agree as follows: 
 SECTION 1. DEFINITIONS AND INTERPRETATION 

1.1 Definitions. 

The following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall have the following
meanings: 
 “15 Day Delinquency Percentage” means, as of one Business Day prior to any Permitted Asset
Sale described in clause (c) of the definition thereof, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables)
that had a Missed Payment Factor of (x) with respect to Daily Pay Receivables, fifteen (15) or higher, or (y) with respect to Weekly Pay Receivables, three (3) or higher, in each case, as of such Business Day, and (b) the
denominator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables) as of such Business Day. 

“10-20 Day Delinquent Receivable” means, as of any date of determination, any Receivable with a Missed
Payment Factor of (x) with respect to Daily Pay Receivables, more than ten (10) but less than twenty-one (21) and a Payment has been received on such Receivable 

 
on at least one of the last three (3) Payment Dates, and (y) with respect to Weekly Pay Receivables, more than two (2) but less than or equal to four (4), and a Payment has been
received on such Receivable on the last Payment Date. 
 “91% Eligible Receivable” means a Receivable with
respect to which the Eligibility Criteria (other than the FICO score requirements set forth in clauses (vv) through (yy) thereof) are satisfied as of the applicable date of determination. 

“Accrued Interest Amount” means, as of any day, the aggregate amount of all accrued and unpaid interest on
the Revolving Loans payable hereunder. 
 “ACH Agreement” has the meaning set forth in the Servicing
Agreement. 
 “ACH Receivable” means each Receivable with respect to which the underlying Receivables
Obligor has entered into an ACH Agreement. 
 “Act” as defined in Section 4.26. 

“Adjusted EPOB” means, as of any date of determination, the excess of (a) the Eligible Portfolio
Outstanding Principal Balance as of such date over (b) the sum of, without duplication, (i) the aggregate Excess Concentration Amounts as of such date and (ii) the product of 70% and the aggregate Eligible Portfolio Outstanding
Principal Balance of all 10-20 Day Delinquent Receivables as of such date. 
 “Adjusted LOC Interest
Collections” means, with respect to LOC Receivables and any Monthly Period, an amount equal to (a) the sum of (x) all Collections received during such Monthly Period that were not applied by the Servicer to reduce the Outstanding
Principal Balance of the Pledged Receivables that are LOC Receivables in accordance with Section 2(a)(i)(4) of the Servicing Agreement and (y) all Collections received during such Monthly Period that were recoveries with respect to
Charged-Off Receivables (net of amounts, if any, retained by any third party collection agent) that are LOC Receivables minus (b) the product of (i) the LOC BB Concentration Percentage and (ii) the aggregate amount paid by
Company on the related Interest Payment Date pursuant to clauses (a)(i), (a)(ii), (a)(iii) and (a)(v) of Section 2.12. 

“Adjusted Term Interest Collections” means, with respect to Term Receivables and any Monthly Period, an
amount equal to (a) the product of (i) the sum of (x) all Collections received during such Monthly Period that were not applied by the Servicer to reduce the Outstanding Principal Balance of the Pledged Receivables that are Term Receivables in
accordance with Section 2(a)(i)(4) of the Servicing Agreement and (y) all Collections received during such Monthly Period that were recoveries with respect to Charged-Off Receivables (net of amounts, if any, retained by any third party collection
agent) that are Term Receivables and (ii) the quotient of 21 divided by the number of Business Days in such Monthly Period minus (b) the product of (i) the Term BB Concentration Percentage and (ii) the aggregate amount paid by Company on the
related Interest Payment Date pursuant to clauses (a)(i), (a)(ii), (a)(iii) and (a)(v) of Section 2.12. 

“Administrative Agent” as defined in the preamble hereto. 

  
 2 

 “Adverse Proceeding” means any action, suit, proceeding (whether
administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Company, Holdings or any Subsidiary thereof) at law or in equity, or before or by any Governmental Authority, domestic or
foreign, whether pending or, to the knowledge of Company or Holdings, threatened in writing against or affecting Company, Holdings or any Subsidiary thereof, or any of their respective property. 

“Affected Party” means any Lender, ODBL IV, LLC, in its prior capacity as Administrative Agent hereunder
solely with respect to the period ODBL IV, LLC was Administrative Agent hereunder, WC 2014-1, LLC, in its capacity as Administrative Agent, Paying Agent and, with respect to each of the foregoing, the parent company or holding company that controls
such Person. 
 “Affiliate” means, with respect to any specified Person, another Person that directly, or
indirectly through one or more intermediaries, controls or is controlled by or is under common control with the Person specified. For purposes of this definition, “control” means the power to direct the management and policies of a
Person, directly or indirectly, whether through ownership of voting securities, by contract or otherwise; and “controlled” and “controlling” have meanings correlative to the foregoing. 

“Agency Agreement” means that certain Secured Party Representative Services Agreement, dated as of
June 20, 2012, between Holdings and the UCC Agent, or any successor or other agreement with a UCC Agent serving substantially the same purpose. 

“Agent” means each of the Administrative Agent, the Paying Agent and the Collateral Agent. 

“Aggregate Amounts Due” as defined in Section 2.14. 

“Aggregate Obligor Exposure” means, at any time, with respect to any Receivables Obligor (excluding any
Receivables Guarantor), the sum of (a) with respect to any Term Receivable, the Outstanding Principal Balance thereof; and (b) with respect to any LOC Receivable, the related “credit limit” set forth in the applicable Receivables
Agreement. 
 “Agreement” means this Amended and Restated Credit Agreement, dated as of December 19,
2014, as it may be amended, supplemented or otherwise modified from time to time. 
 “Amendment and
Restatement” as defined in the Recitals hereto. 
 “Amendment Effective Date” means the date of
this Agreement. 
 “Amendment Effective Date Certificate” means an Amendment Effective Date Certificate
substantially in the form of Exhibit F. 
 “Applicable Advance Rate” means (a) for Eligible
Receivables other than 91% Eligible Receivables and LOC Receivables, 95%, (b) for Eligible Receivables constituting both Term Receivables and 91% Eligible Receivables, 91%, and (c) for Eligible Receivables

  
 3 

 
constituting LOC Receivables, 70% (or, if the Average LOC Excess Spread is 8% or less for any of the three most recently ended Monthly Periods, 55%), provided that the Applicable Advance Rate
shall be zero for any LOC Receivable as to which the Receivables Obligor fails to pay in full the first Payment due after the extension of any advance under the related OnDeck LOC. 

“Applicable Margin” means the “Applicable Margin” described in the Undertakings Agreement. 

“Approved State” means each of the 50 United States of America and the District of Columbia; provided,
however, that, in the event that the Administrative Agent determines in its Permitted Discretion to revoke the designation or restore a previously revoked designation of any jurisdiction as an “Approved State” due to a change in, or change
in the interpretation of, the regulations or law (including case law) relating to (i) the origination, administration, servicing or terms, including interest rates, of any loan made to a Receivables Obligor; (ii) the choice of law, or the
enforceability of the choice of law, that governs a loan made to a Receivables Obligor; or (iii) the choice of venue or the choice of jurisdiction, or the enforceability of the choice of venue or the choice of jurisdiction, that governs a loan
made to a Receivables Obligor, then upon receipt by Company of notice thereof from the Administrative Agent, each such jurisdiction shall or shall no longer constitute an “Approved State”, as applicable. 

“Asset Purchase Agreement” means that certain Second Amended and Restated Asset Purchase Agreement dated as
of the Amendment Effective Date, by and between Company, as Purchaser, and the Seller, as amended, modified or supplemented from time to time, whereby the Seller has agreed to sell and Company has agreed to purchase Eligible Receivables from time to
time. 
 “Asset Sale” means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback,
assignment, conveyance, transfer, license or other disposition to, or any exchange of property with, any Person, in one transaction or a series of transactions, of all or any part of Holdings’ businesses, assets or properties of any kind,
whether real, personal, or mixed and whether tangible or intangible, whether now owned or hereafter acquired. 

“Assignment Agreement” means an Assignment and Assumption Agreement substantially in the form of Exhibit
D, with such amendments or modifications as may be approved by Administrative Agent. 
 “Authorized
Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if an officer), chief executive officer, president, chief financial officer, general counsel, treasurer, corporate secretary, controller
or senior vice president of capital markets (or, in each case, the equivalent thereof). 
 “Automatic LOC Payment
Modification” means, with respect to any LOC Receivable, upon the occurrence of each Subsequent LOC Advance relating to such LOC Receivable, that the Payment obligations of the Receivable Obligor under such LOC Receivable are automatically
reset and restructured together with all other advances made under the related OnDeck LOC (based on the aggregate outstanding principal balance of all such advances) so 

  
 4 

 
that, with respect to all such advances, from and after the date of the last such Subsequent LOC Advance, a single periodic payment amount is owed each week over the course of the applicable
amortization period. 
 “Average LOC Excess Spread” means, with respect to any Monthly Period, the average
of the LOC Excess Spread determined for such Monthly Period and the Monthly Period immediately preceding such Monthly Period. 

“Average Term Excess Spread” means, with respect to any Monthly Period, the average of the Term Excess Spread
determined for such Monthly Period and the Monthly Period immediately preceding such Monthly Period. 
 “Backup
Servicer” means Portfolio Financial Servicing Company or any replacement thereof appointed by the Requisite Lenders in accordance with Section 6.13, who will perform backup servicing and backup verification functions with
respect to the Eligible Receivables. 
 “Backup Servicing Agreement” means that certain Backup Servicing
Agreement dated as of the Original Closing Date among Company, the Servicer, the Administrative Agent and Backup Servicer, as it may be amended, modified or supplemented from time to time in accordance with Section 6.16, and any other
agreement entered into from time to time among Company, the Servicer, the Administrative Agent and Backup Servicer with respect to the backup servicing and verification of the Eligible Receivables. 

“Backup Servicing Fee” shall have the meaning attributed to such term in the Backup Servicing Agreement. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as
now and hereafter in effect, or any successor statute. 
 “Blocked Account Control Agreement” shall have
the meaning attributed to such term in the Security Agreement. 
 “Borrowing Base” means, as of any day, an
amount equal to the lesser of: 
 (a) (i) the Applicable Advance Rate multiplied by the Adjusted EPOB at such time,
plus (ii) the aggregate amount of Collections in the Lockbox Account and the Collection Account to the extent such Collections and other funds have already been applied to reduce the Eligible Portfolio Outstanding Principal Balance,
minus (iii) 105% of the sum of the Accrued Interest Amount as of such day and the aggregate amount of all accrued and unpaid fees and expenses due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial
Agreement and the Successor Servicing Agreement; and 
 (b) the Revolving Commitments on such day. 

With respect to any calculation of the Borrowing Base with respect to any Credit Date solely for the purpose of determining
Revolving Availability for a requested Revolving Loan, the Borrowing Base will be calculated on a pro forma basis giving effect to the Eligible 

  
 5 

 
Receivables to be purchased with the proceeds of such Revolving Loan. With respect to any calculation of the Borrowing Base for any other purpose, the Borrowing Base at any time shall be
determined by reference to the most recent Borrowing Base Certificate delivered to the Paying Agent, the Collateral Agent, the Administrative Agent and each Lender, with such adjustments as the Paying Agent identifies pursuant to
Section 2.21. 
 “Borrowing Base Certificate” means a certificate substantially in the form of
Exhibit C-2, executed by an Authorized Officer of Company and delivered to Administrative Agent, Paying Agent, Collateral Agent and each Lender, which sets forth the calculation of the Borrowing Base, including a calculation of each component
thereof. 
 “Borrowing Base Deficiency” means, as of any day, the amount, if any, by which the Total
Utilization of Revolving Commitments exceeds the Borrowing Base. 
 “Borrowing Base Report” means a report
substantially in the form of Exhibit C-2, executed by an Authorized Officer of Company and delivered to Administrative Agent, Paying Agent, Collateral Agent and each Lender, which attaches a Borrowing Base Certificate. 

“Business Day” means any day excluding Saturday, Sunday and any day which is a legal holiday under the laws
of the State of New York or is a day on which banking institutions located in New York are authorized or required by law or other governmental action to close. 

“Capital Lease” means, as applied to any Person, any lease of any property (whether real, personal or mixed)
by that Person (i) as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person or (ii) as lessee which is a transaction of a type commonly known as a “synthetic
lease” (i.e., a transaction that is treated as an operating lease for accounting purposes but with respect to which payments of rent are intended to be treated as payments of principal and interest on a loan for Federal income tax purposes).

 “Capital Stock” means any and all shares, interests, participations or other equivalents (however
designated) of capital stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including, without limitation, partnership interests and membership interests, and any and all warrants, rights or
options to purchase or other arrangements or rights to acquire any of the foregoing. 
 “Cash” means money,
currency or a credit balance in any demand, securities account or deposit account; provided, however, that notwithstanding anything to the contrary contained herein, “Cash” shall exclude any amounts that would not be considered
“cash” under GAAP or “cash” as recorded on the books of Holdings and its Subsidiaries. 
 “Cash
Equivalents” means, as of any day, (a) marketable securities (i) issued or directly and unconditionally guaranteed as to interest and principal by the United States Government or (ii) issued by any agency of the United States
the obligations of which are backed by the full faith and credit of the United States, in each case maturing within one year after such day; (b) marketable direct obligations issued by any state of the United States or any political subdivision
of any such state or any public instrumentality thereof, in each case maturing within 

  
 6 

 
one year after such day and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (c) commercial paper maturing no more
than one year from the date of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (d) certificates of deposit or bankers’ acceptances maturing
within one year after such day and issued or accepted by any Lender or by any commercial bank organized under the laws of the United States or any state thereof or the District of Columbia that (i) is at least “adequately capitalized”
(as defined in the regulations of its primary Federal banking regulator) and (ii) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (e) shares of any money market mutual fund that (i) has
substantially all of its assets invested continuously in the types of investments referred to in clauses (a) and (b) above, (ii) has net assets of not less than $500,000,000 and (iii) has the highest rating obtainable from either
S&P or Moody’s. 
 “Certificate Regarding Non-Bank Status”
means a certificate substantially in the form of Exhibit E. 
 “Change of Control” means, at
any time, (a) (i) any “person” or “group” of related persons (as such terms are given meaning in the Exchange Act and the rules of the SEC thereunder) is or becomes the owner, beneficially or of record, directly or
indirectly, of more than 35% on a fully diluted basis of the economic and voting interests (including the right to elect directors or similar representatives) in the Capital Stock of the IPO Entity and (ii) and the percentage on a fully diluted
basis of the economic and voting interests (including the right to elect directors or similar representatives) in the Capital Stock of the IPO Entity so held is greater than the percentage on a fully diluted basis of the economic and voting
interests (including the right to elect directors or similar representatives) in the Capital Stock of the IPO Entity held by the Existing Holders, unless the Existing Holders, directly or indirectly, otherwise have the right (pursuant to contract,
proxy or otherwise) to designate, nominate or appoint (and do so designate, nominate or appoint) a majority of the board of directors of the IPO Entity; (b) the sale, lease, transfer, conveyance or other disposition, in one or a series of
related transactions, of all or substantially all of the assets of Holdings and its Subsidiaries taken as a whole to any “person” (as such term is given meaning in the Exchange Act and the rules of the SEC thereunder); (c) at any time
during any consecutive two-year period after an Initial Public Equity Offering, individuals who at the beginning of such period constituted the board of directors of the IPO Entity (together with any new directors whose election or appointment by
the board of directors of the IPO Entity or whose nomination for election by the shareholders of the IPO Entity was approved by a vote of a majority of the directors of the IPO Entity then still in office who were either directors at the beginning
of such period or whose election, appointment or nomination for election was previously so approved) cease for any reason to constitute a majority of the board of directors of the IPO Entity then in office; or (d) Holdings shall cease to
beneficially own and control 100% on a fully diluted basis of the economic and voting interest in the Capital Stock of Company. 

“Charged-Off Receivable” means a Receivable which, in each case, consistent with the Underwriting Policies,
has or should have been written off Company’s books as uncollectable. 

  
 7 

 “Chattel Paper” means any “chattel paper”, as such
term is defined in the UCC, including electronic chattel paper, now owned or hereafter acquired by the Company. 

“Collateral” means, collectively, all of the real, personal and mixed property (including Capital Stock) in
which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 

“Collateral Agent” as defined in the preamble hereto. 

“Collateral Assignment” means that certain Collateral Assignment dated as of the Original Closing Date by
Company for the benefit of the Collateral Agent on behalf of the Secured Parties. 
 “Collateral Documents”
means the Security Agreement, the Control Agreements, the Collateral Assignment and all other instruments, documents and agreements delivered by, or on behalf or at the request of, Company or Holdings pursuant to this Agreement or any of the other
Credit Documents, as the case may be, in order to grant to, or perfect in favor of, Collateral Agent, for the benefit of Secured Parties, a Lien on any real, personal or mixed property of Company as security for the Obligations or to protect or
preserve the interests of Collateral Agent or the Secured Parties therein. 
 “Collateral Receipt and Exception
Report” shall mean the “Trust Receipt” as defined in the Custodial Agreement. 
 “Collection
Account” means a Securities Account with account number OD1302.1 at Deutsche Bank Trust Company Americas in the name of Company. 

“Collections” means, with respect to each Pledged Receivable, any and all cash collections and other cash
proceeds of such Pledged Receivable (whether in the form of cash, checks, wire transfers, electronic transfers or any other form of cash payment), including, without limitation, all prepayments, all overdue payments, all prepayment penalties and
early termination penalties, all finance charges, if any, all amounts collected as interest, fees (including, without limitation, any servicing fees, any origination fees, any loan guaranty fees and, any platform fees), or charges for late payments
with respect to such Pledged Receivable, all recoveries with respect to each Charged-Off Receivable (net of amounts, if any, retained by any third party collection agent), all investment proceeds and other investment earnings (net of losses and
investment expenses) on Collections as a result of the investment thereof pursuant to Section 6.7, all proceeds of any sale, transfer or other disposition of any Pledged Receivable by Company and all deposits, payments or recoveries made
in respect of any Pledged Receivable to any Controlled Account, or received by Company in respect of a Pledged Receivable, and all payments representing a disposition of any Pledged Receivable. 

“Combined LOC OPB” means, as of any date with respect to each LOC Receivable acquired by
Company, the aggregate unpaid principal balance of such LOC Receivable and all other LOC Receivables representing an advance under the related OnDeck LOC as set forth on the Servicer’s books and records as of the close of business on the
immediately preceding Business Day (it being understood and agreed that the Servicer shall reflect all such LOC Receivables on its books and records as only one aggregate Receivable owed by the applicable Receivables Obligor).

  
 8 

 “Company” as defined in the preamble hereto. 

“Compliance Certificate” means a Compliance Certificate substantially in the form of Exhibit C-1.

 “Compliance Review” as defined in Section 5.5(b). 

“Consolidated Liquidity” means, as of any date of determination, an amount determined for Holdings and
its Subsidiaries, on a consolidated basis, equal to the sum of (i) unrestricted Cash and Cash Equivalents of Holdings and its Subsidiaries, as of such date, plus, (ii) amounts (if any) in the Reserve Account as of such date,
plus (iii) the Revolving Availability as of such date of determination, plus (iv) the aggregate amount of all unused and available credit commitments under any credit facilities of Holdings and its Subsidiaries, as of such
date; provided, as of such date, all of the conditions to funding such amounts under clause (iii) and (iv), as the case may be, have been fully satisfied (other than delivery of prior notice of funding and pre-funding notices, opinions
and certificates that are reasonably capable of delivery as of such date) and no lender under such credit facilities shall have refused to make a loan or other advance thereunder at any time after a request for a loan was made thereunder. 

“Consolidated Total Debt” means, as at any date of determination, the aggregate stated balance
sheet amount of all Indebtedness of Holdings and its Subsidiaries determined on a consolidated basis in accordance with GAAP, including all accrued and unpaid interest on the foregoing, provided, that accounts payable, accrued expenses,
liabilities for leasehold improvements and deferred revenue of Holdings and its Subsidiaries shall not be included in any determination of Consolidated Total Debt. 

“Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that Person
or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject. 

“Control Agreements” means collectively, the Lockbox Account Control Agreement, the Securities Account
Control Agreement and the Blocked Account Control Agreement. 
 “Controlled Account” means each of the
Reserve Account, the Collection Account and the Lockbox Account, and the “Controlled Accounts” means all of such accounts. 

“Controlled Account Bank” means Deutsche Bank Trust Company Americas. 

“Convertible Indebtedness” means any Indebtedness of Holdings that (a) is convertible to equity,
including convertible preferred stock, (b) requires no payment of principal thereof or interest thereon and (c) is fully subordinated to all indebtedness for borrowed money of Holdings, as to right and time of payment and as to any other
rights and remedies thereunder, including, an agreement on the part of the holders of such Indebtedness that the maturity of such Indebtedness cannot be accelerated prior to the maturity date of such indebtedness for borrowed money. 

  
 9 

 “Credit Card Issuer” means a member of Visa, MasterCard,
American Express, Discover and PayPal. 
 “Credit Card Payment” means an amount owing by Credit Card Issuer
to a Receivables Obligor (i) in respect of a purchase made by a customer of such Receivables Obligor, (ii) paid for using a credit card issued by such Credit Card Issuer, and (iii) that is required by the applicable Transfer Account
Loan Documentation to be deposited into a Transfer Account. 
 “Credit Date” means the date of a Credit
Extension. 
 “Credit Document” means any of this Agreement, the Revolving Loan Notes, if any, the
Collateral Documents, the Asset Purchase Agreement, the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Undertakings Agreement and all other documents, instruments or agreements executed and delivered by Company
or Holdings for the benefit of any Agent or any Lender in connection herewith. 
 “Credit Document
Amendments” as defined in Section 3.2(a). 
 “Credit Extension” means the making of a
Revolving Loan. 
 “Cumulative Defaults” means, with respect to any Vintage Pool as of the
end of any Monthly Period, the sum for all Receivables in such Vintage Pool that became Defaulted Receivables of the Outstanding Principal Balances thereof determined as of the date on which they became Defaulted Receivables less any
Collections received on such Defaulted Receivables from and after the date on which they became Defaulted Receivables (measured for the period commencing from the origination of each such Receivable to the end of such Monthly Period). 

“Cumulative Static Pool Default Ratio” means, the percentage equivalent of a fraction (a) the numerator
of which is the aggregate Cumulative Defaults in respect of any Vintage Pool as of the last day of the most recently ended Monthly Period and (b) the denominator of which is (i) for any Vintage Pool other than the Q3 Vintage Pool, the
aggregate original Outstanding Principal Balance of all Term Receivables comprising such Vintage Pool, and (ii) for the Q3 Vintage Pool, the aggregate original Outstanding Principal Balance of all Term Receivables comprising the Q3 Vintage Pool
as of the date such Receivables were sold to the Company. 
 “Custodial Agreement” mean that certain
Amended and Restated Custodial Services Agreement, dated as of the Amendment Effective Date, by and between Company, Servicer, Custodian and Collateral Agent, as it may be amended, supplemented or otherwise modified from time to time. 

“Custodian” means Deutsche Bank Trust Company Americas, in its capacity as the provider of services under the
Custodial Agreement, or any successor thereto in such capacity appointed in accordance with the Custodial Agreement, and approved by the Requisite Lenders. 

  
 10 

 “Daily Pay Receivable” means any Receivable for which a Payment
is generally due on every Business Day. 
 “DB Credit Facility” means that certain Amended
and Restated Credit Agreement, dated as of September 15, 2014, among On Deck Account Receivables Trust 2013-1 LLC, as the borrower, the lenders signatory thereto from time to time, Deutsche Bank AG, New York Branch, as Administrative Agent and
Collateral Agent, Deutsche Bank Trust Company Americas, as Paying Agent, and Deutsche Bank Securities Inc., as Syndication Agent, Documentation Agent and Lead Arranger , as the same may be or has been amended, supplemented, restated, or otherwise
modified from time to time. 
 “Debtor Relief Laws” means the Bankruptcy Code of the United
States, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable
jurisdictions from time to time in effect and affecting the rights of creditors generally. 
 “Default”
means a condition or event that, after notice or lapse of time or both, would constitute an Event of Default. 

“Default Excess” means, with respect to any Defaulting Lender, the excess, if any, of such Defaulting
Lender’s Pro Rata Share of the aggregate outstanding principal amount of Revolving Loans of all Lenders (calculated as if all Defaulting Lenders (other than such Defaulting Lender) had funded all of their respective Defaulted Loans) over the
aggregate outstanding principal amount of all Revolving Loans of such Defaulting Lender. 
 “Default Interest
Rate” as defined in Section 2.6. 
 “Default Period” means, with respect to any Defaulting
Lender, the period commencing on the date of the applicable Funding Default, and ending on the earliest of the following dates: (i) the date on which all Revolving Commitments are cancelled or terminated and/or the Obligations are declared or
become immediately due and payable, (ii) the date on which (a) the Default Excess with respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of such
Defaulting Lender or by the non-pro rata application of any payments of the Revolving Loans in accordance with the terms of this Agreement), and (b) such Defaulting Lender shall have delivered to Company
and Administrative Agent a written reaffirmation of its intention to honor its obligations hereunder with respect to its Revolving Commitments, and (iii) the date on which Company, Administrative Agent and Requisite Lenders waive all Funding
Defaults of such Defaulting Lender in writing. 
 “Defaulted Loan” as defined in Section 2.18. 

“Defaulted Receivable” means, with respect to any date of determination, a Receivable which (i) is a
Charged-Off Receivable or (ii) has a Missed Payment Factor of (x) with respect to Daily Pay Receivables, sixty (60) or higher or (y) with respect to Weekly Pay Receivables, twelve (12) or higher. 

  
 11 

 “Defaulting Lender” as defined in Section 2.18. 

“Delinquency Percentage” means, as of one Business Day prior to any Permitted Asset Sale described in clause
(c) of the definition thereof, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent Receivables (that are not Charged-Off Receivables) that are Pledged
Receivables as of such Business Day, and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables) as of such Business Day. 

“Delinquent Receivable” means, as of any date of determination, any Receivable with a Missed Payment Factor
of one (1) or higher as of such date. 
 “Deposit Account” means a “deposit account” (as
defined in the UCC), including a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 

“Designated Officer” means, with respect to Company, any Person with the title of Chief Executive Officer,
Chief Financial Officer or General Counsel. 
 “Determination Date” means the last day of each Monthly
Period. 
 “Direct Competitor” means (a) each Person that is listed on the “List of Direct
Competitors” provided to the Paying Agent by the Company on or prior to October 17, 2014, as such list may be updated by the Company from time to time by written notice from the Company to the Paying Agent after October 17, 2014
identifying one or more Persons engaged in the same or similar line of business as Holdings (each Person described in this clause (a), a “Listed Competitor”), and (b) (i) any clearly identifiable Affiliate of any Listed
Competitor on the basis of such Affiliate’s name or (ii) any Affiliate of any Listed Competitor which the Company, either before or after its receipt of notification of a proposed assignment to such Affiliate, has identified in writing to
the Paying Agent as an Affiliate of a Listed Competitor. 
 “Document Checklist” shall have the meaning
attributed to such term in the Custodial Agreement. 
 “Dollars” and the sign “$” mean the
lawful money of the United States. 
 “E-Sign Receivable” means any Receivable for which the signature or
record of agreement of the Receivables Obligor is obtained through the use and capture of electronic signatures, click-through consents or other electronically recorded assents. 

“Eligible Assignee” means (i) any Lender or any Lender Affiliate (other than a natural person), and
(ii) any other Person (other than a natural Person) approved by Company, so long as no Default or Event of Default has occurred and is continuing, and Administrative Agent 

  
 12 

 
(each such approval not to be unreasonably withheld, it being understood that any failure to approve any assignment to a Direct Competitor shall be deemed reasonable); provided, that
(y) neither Holdings nor any Affiliate of Holdings shall, in any event, be an Eligible Assignee, and (z) no Direct Competitor shall be an Eligible Assignee so long as no Specified Event of Default has occurred and is continuing. 

“Eligible LOC Portfolio Outstanding Principal Balance” means, as of any date of determination, the sum of the
Outstanding Principal Balance for all Eligible Receivables that are LOC Receivables as of such date. 
 “Eligible
Portfolio Outstanding Principal Balance” means, as of any date of determination, the sum of the Outstanding Principal Balance for all Eligible Receivables as of such date. 

“Eligible Receivable” means (a) a Receivable with respect to which the Eligibility Criteria are
satisfied as of the applicable date of determination, and (b) a 91% Eligible Receivable. 
 “Eligible
Receivables Obligor” means a Receivables Obligor that satisfies the criteria specified in Appendix C hereto under the definition of “Eligible Receivables Obligor”, subject to any changes agreed to by each of the Requisite
Lenders and Company from time to time after the Amendment Effective Date. 
 “Eligible Term Portfolio Outstanding
Principal Balance” means, as of any date of determination, the sum of the Outstanding Principal Balance for all Eligible Receivables that are Term Receivables as of such date. 

“Eligibility Criteria” means the criteria specified in Appendix C hereto under the definition of
“Eligibility Criteria”, subject to any changes agreed to by each of the Requisite Lenders and Company from time to time after the Amendment Effective Date. 

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA
which is or was sponsored, maintained or contributed to by, or required to be contributed by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended to the date hereof and from
time to time hereafter, and any successor statute. 
 “ERISA Affiliate” means, as applied to any Person,
(i) any corporation which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member; (ii) any trade or business (whether or not incorporated)
which is a member of a group of trades or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an affiliated service group within the
meaning of Section 414(m) or (o) of the Internal Revenue Code of which that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member. Any former ERISA Affiliate of
a Person shall continue to be considered an ERISA Affiliate of such Person within the meaning of this definition with respect to the period such entity was an 

  
 13 

 
ERISA Affiliate of such Person and with respect to liabilities arising after such period, but only to the extent that such Person could be liable under the Internal Revenue Code or ERISA as a
result of its relationship with such former ERISA Affiliate. 
 “ERISA Event” means (i) a
“reportable event” within the meaning of Section 4043 of ERISA and the regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for thirty (30) day notice to the PBGC has been waived
by regulation); (ii) the failure to meet the minimum funding standard of Section 412 of the Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Internal Revenue Code)
or the failure to make by its due date a required installment under Section 430(j) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) the provision
by the administrator of any Pension Plan pursuant to Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Holdings, any of its
Subsidiaries or any of their respective ERISA Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability to Holdings, any of its Subsidiaries or any of their respective
Affiliates pursuant to Section 4063 or 4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which might constitute grounds under ERISA for the termination
of, or the appointment of a trustee to administer, any Pension Plan; (vi) the imposition of liability on Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by
reason of the application of Section 4212(c) of ERISA; (vii) the withdrawal of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205
of ERISA) from any Multiemployer Plan if there is any potential liability therefor, or the receipt by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or
insolvency pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an act or omission which could give rise to the imposition on
Holdings, any of its Subsidiaries or, with respect to any Pension Plan or Multiemployer Plan, any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code or under
Section 409, Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan of
Holdings, any of its Subsidiaries, or, with respect to any Pension Plan or Multiemployer Plan, any of their respective ERISA Affiliates, or the assets thereof, or against Holdings, any of its Subsidiaries or, with respect to any Pension Plan or
Multiemployer Plan, any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended
to be qualified under Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under
Section 501(a) of the Internal Revenue Code; or (xi) the imposition of a Lien pursuant to Section 430(k) of the Internal Revenue Code or pursuant to Section 303(k) of ERISA with respect to any Pension Plan. 

“Event of Default” means each of the events set forth in Section 7.1. 

  
 14 

 “Excess Concentration Amounts” means the amounts set forth on
Appendix D hereto. 
 “Exchange Act” means the Securities Exchange Act of 1934, as amended from time
to time, and any successor statute. 
 “Excluded Taxes” means, with respect to any Affected Party,
(a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Affected Party being organized under the laws of, or having its principal office
or its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes with respect to such Affected Party, (b) U.S. federal withholding Taxes imposed
on amounts payable to or for the account of such Affected Party with respect to an applicable interest in a Revolving Loan or Revolving Commitment pursuant to a law in effect on the date on which (i) such Affected Party became an Affected Party
or (ii) such Affected Party changes its lending office, except in each case to the extent that, pursuant to Section 2.16(b), amounts with respect to such Taxes were payable either to such Affected Party’s assignor immediately before
such Affected Party became an Affected Party or to such Affected Party immediately before it changed its lending office, and (c) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” as defined in the Recitals hereto. 

“Existing Credit Documents” as defined in Section 1.4. 

“Existing Obligations” as defined in Section 1.4. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended, as of the date of
this agreement (or any amended or successor version that is substantially comparable and not materially more onerous to comply with), and any current or future regulations promulgated thereunder or official interpretations thereof. 

“Financial Covenants” means the financial covenants set forth on Schedule 1.1-B
hereto. 
 “Financial Officer Certification” means, with respect to the financial statements for
which such certification is required, the certification of the chief financial officer (or the equivalent thereof) of Holdings that such financial statements fairly present, in all material respects, the financial condition of Holdings and its
Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments. 

“Financial Plan” as defined in Section 5.1(k). 

“First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any
Collateral Document, that such Lien is perfected and is the only Lien to which such Collateral is subject. 

“Fiscal Quarter” means a fiscal quarter of any Fiscal Year. 

  
 15 

 “Fiscal Year” means the fiscal year of Holdings and its
Subsidiaries ending on December 31 of each calendar year. 
 “Funded Indebtedness” means any secured
Indebtedness incurred by a Subsidiary of Holdings from time to time to finance (in whole or in part) a portfolio of Receivables. 

“Funding Default” as defined in Section 2.18. 

“Funding Account” has the meaning set forth in Section 2.11(a). 

“Funding Notice” means a notice substantially in the form of Exhibit A. 

“GAAP” means, subject to the limitations on the application thereof set forth in Section 1.2,
United States generally accepted accounting principles in effect as of the date of determination thereof. 

“Governmental Authority” means any federal, state, municipal, national or other government, governmental
department, commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government
or any court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or
consent decree of or from any Governmental Authority. 
 “Highest Lawful Rate” means the maximum lawful
interest rate, if any, that at any time or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may
hereafter be in effect and which allow a higher maximum nonusurious interest rate than applicable laws now allow. 

“Historical Financial Statements” means as of the Amendment Effective Date, (i) the audited financial
statements of Holdings and its Subsidiaries, for the Fiscal Year ended 2013, consisting of balance sheets and the related consolidated statements of income, stockholders’ equity and cash flows for such Fiscal Year, and (ii) for the interim
period from January 1, 2014 to the Amendment Effective Date, internally prepared, unaudited financial statements of Holdings and its Subsidiaries, consisting of a balance sheet and the related consolidated statements of income,
stockholders’ equity and cash flows for each quarterly period completed prior to forty-six (46) days before the Amendment Effective Date and for each Monthly Period completed prior to thirty-one (31) days prior to the Amendment
Effective Date, in the case of clauses (i) and (ii), certified by the chief financial officer (or the equivalent thereof) of Holdings that they fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries
as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject, if applicable, to changes resulting from audit and normal year-end adjustments. 

  
 16 

 “Holdings” means On Deck Capital, Inc., a Delaware corporation.

 “Holdings Working Capital Debt” means any Indebtedness of Holdings of the type described
in clause (i) or clause (v) of the definition of “Indebtedness” that is secured in whole or in part by a security interest in Receivables, including any Convertible Debt that is so secured. 

“Hot Backup Servicer Event” means, as of any date of determination with respect
to the Monthly Period most recently ended, that any one of the following events shall have occurred with respect to such Monthly Period: (a) the Average Term Excess Spread was less than 19.0%; (b) the Maximum Delinquency Rate was greater
than 16.0%; or (c) the Maximum 15 Day Delinquency Rate was greater than 9.0%. Notwithstanding the foregoing, a Hot Backup Servicer Event shall be deemed to no longer exist from and after the date upon which the Hot Backup Servicer Event Cure
has occurred (provided that only one Hot Backup Servicer Event Cure shall be permitted hereunder).  

“Hot Backup Servicer Event Cure” shall mean, as of any date of determination with respect to
the three Monthly Periods most recently ended, that each of the following conditions has been satisfied with respect to each such Monthly Period after the occurrence of a Hot Backup Servicer Event: (a) the Average Term Excess Spread was greater
than 25.0%; (b) the Maximum Delinquency Rate was less than 14.0%; (c) the Maximum 15 Day Delinquency Rate was less than 7.75%; and (d) no Hot Backup Servicer Event Cure shall have previously occurred. 

“Increased-Cost Lenders” as defined in Section 2.19. 

“Indebtedness” as applied to any Person, means, without duplication, (i) all indebtedness for borrowed
money; (ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and drafts accepted representing extensions of credit whether
or not representing obligations for borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding trade payables incurred in the ordinary course of business that are unsecured and
not overdue by more than six (6) months unless being contested in good faith and any such obligations incurred under ERISA); (v) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of
whether the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person; (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is
otherwise liable for reimbursement of drawings; (vii) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting
with recourse or sale with recourse by such Person of the obligation of another; (viii) any obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee that the obligation of the obligor thereof will
be paid or discharged, or any agreement relating thereto will be complied with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; (ix) any liability of such Person for an obligation of another
through any Contractual Obligation (contingent or otherwise) (a) to purchase, repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of
loans, advances, stock purchases, capital contributions or otherwise) or (b) to maintain the solvency or 

  
 17 

 
any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (a) or (b) of this clause (ix), the primary purpose
or intent thereof is as described in clause (viii) above; and (x) all obligations of such Person in respect of any exchange traded or over the counter derivative transaction, whether entered into for hedging or speculative purposes. 

“Indemnified Liabilities” means, collectively, any and all liabilities, obligations, losses, damages,
penalties, claims, costs, expenses and disbursements of any kind or nature whatsoever (excluding any amounts not otherwise payable by Company under Section 2.16(b)(iii) but including the reasonable and documented fees and disbursements
of one (1) counsel for the Indemnitees in connection with any investigative, administrative or judicial proceeding commenced or threatened by any Person, whether or not any such Indemnitee shall be designated as a party or a potential party
thereto, and any reasonable and documented fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and whether based on any federal, state or foreign laws, statutes, rules or regulations
(including securities and commercial laws, statutes, rules or regulations), on common law or equitable cause or on contract or otherwise, that may be imposed on, incurred by, or asserted against any such Indemnitee, in any manner relating to or
arising out of this Agreement or the other Credit Documents, any Related Agreement, or the transactions contemplated hereby or thereby (including the Lenders’ agreement to make Credit Extensions or the use or intended use of the proceeds
thereof, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization upon any of the Collateral)). 

“Indemnified Taxes” means Taxes, other than Excluded Taxes, imposed on or with respect to any
payment made by or on account of any obligation of the Borrower under any Credit Document. 

“Indemnitee” as defined in Section 9.3. 

“Indemnitee Agent Party” as defined in Section 8.6. 

“Independent Manager” as defined in Section 6.15. 

“Initial Public Equity Offering” means an initial underwritten public offering of common Capital Stock of the
IPO Entity pursuant to a registration statement filed with the SEC in accordance with the Securities Act, which yields not less than $50,000,000 in Net Cash Proceeds (and it being agreed and understood that the Initial Public Equity Offering
occurred on December 17, 2014). 
 “Intangible Assets” means assets that are considered to be
intangible assets under GAAP, including customer lists, goodwill, computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development
costs. 
 “Interest Payment Date” means the fifteenth calendar day after the end of each Monthly Period,
and if such date is not a Business Day, the next succeeding Business Day. 

  
 18 

 “Interest Period” means an interest period (i) initially,
commencing on and including the Original Closing Date and ending on but excluding the initial Interest Payment Date; and (ii) thereafter, commencing on and including each Interest Payment Date and ending on and excluding the immediately
succeeding Interest Payment Date; provided, that no Interest Period with respect to any portion of the Revolving Loans shall extend beyond the Revolving Commitment Termination Date. 

“Interest Rate Determination Date” means, with respect to any Interest Period, the date that is four
(4) Business Days prior to each Interest Payment Date. 
 “Internal Revenue Code” means the Internal
Revenue Code of 1986, as amended to the date hereof and from time to time hereafter, and any successor statute. 

“Investment” means (i) any direct or indirect purchase or other acquisition by Company of, or of a
beneficial interest in, any of the Securities of any other Person; (ii) any direct or indirect redemption, retirement, purchase or other acquisition for value, from any Person, of any Capital Stock of such Person; and (iii) any direct or
indirect loan, advance (other than advances to employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or capital contributions by Company to any other Person, including
all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business. The amount of any Investment shall be the original cost of such
Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment. 
 “IPO Entity” means, at any
time at and after the Initial Public Equity Offering, Holdings or a parent entity of Holdings, as the case may be, the common Capital Stock of which were issued or otherwise sold pursuant to the Initial Public Equity Offering; provided that,
immediately following the Initial Public Equity Offering, (i) if the IPO Entity is not Holdings, Holdings is a wholly-owned Subsidiary of the IPO Entity and (ii) the IPO Entity owns, directly or through its subsidiaries, substantially all
the businesses and assets owned or conducted, directly or indirectly, by Holdings immediately prior to the Initial Pubic Equity Offering. 

“Joint Venture” means a joint venture, partnership or other similar arrangement, whether in corporate,
partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

“Key Person Event” means the occurrence, after the Amendment Effective Date, of each of the following events:
(i) the termination or resignation of each of the officers holding the positions of Chief Executive Officer and Chief Operating Officer as of the Amendment Effective Date, (ii) the failure by Holdings to replace each such officer with a
replacement officer acceptable to the Requisite Lenders in their Permitted Discretion within ninety (90) days after the second such termination or resignation, and (iii) the delivery by the Administrative Agent of written notice to Company
after such ninety (90) day period notifying Company that a “Key Person Event” has occurred. 

  
 19 

 “Lender” means each provider of financing listed on the
signature pages hereto as a Lender, and any other Person that becomes a party hereto pursuant to an Assignment Agreement. 

“Lender Affiliate” means, as applied to any Lender or Agent, any Related Fund and any Person directly or
indirectly controlling (including any member of senior management of such Person), controlled by, or under common control with, such Lender or Agent. For the purposes of this definition, “control” (including, with correlative meanings, the
terms “controlling,” “controlled by” and “under common control with”), as applied to any Person, means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Securities having ordinary
voting power for the election of directors of such Person or (ii) to direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 

“Leverage Ratio” means the ratio as of any day of (a) Consolidated Total Debt, excluding Subordinated
Debt and Convertible Indebtedness, as of such day, to (b) the sum of (i) Holdings’ total stockholders’ equity as of such day, (ii) Warranty Liability as of such day and (iii) the sum of Subordinated Debt and Convertible
Indebtedness as of such day. 
 “LIBO Rate” means, for any Revolving Loan (or portion thereof) for any
Interest Period, the rate per annum determined by the Paying Agent at approximately 11:00 a.m., London time, on the second Business Day before the first day of such Interest Period by reference to the British Bankers’ Association Interest
Settlement Rate (or any successor thereto) for deposits in dollars for a period of one month (as set forth by the Bloomberg Information Service or any successor thereto or any other service selected by the Paying Agent in its sole discretion);
provided, that if such rate is not available at such time for any reason, then the “LIBO Rate” shall be the rate per annum (rounded upward to the nearest 1/16th of 1%) listed in The Wall Street Journal, “Money Rates” table
at or about 10:00 a.m., New York City time, two Business Days prior to the beginning of the related Interest Period (or, if no such rate is listed two Business Days prior to the beginning of the related Interest Period, the rate listed on the
Business Day on which such rate was last listed). 
 “Lien” means (i) any lien, mortgage, pledge,
assignment, security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease in the nature thereof) and any option, trust or other
preferential arrangement having the practical effect of any of the foregoing, and (ii) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities. 

“Limited Liability Company Agreement” means the Amended and Restated Limited Liability Company Agreement of
the Company, dated as of the Original Closing Date, as it may be amended, restated or otherwise modified from time to time in accordance with Section 6.16. 

“LOC BB Concentration Percentage” means the amount expressed as a percentage equal to (i) the average
daily dollar amount Borrowing Base generated from the LOC Receivables for such Monthly Period; over (ii) the average daily aggregate Borrowing Base for such Monthly Period. 

  
 20 

 “LOC Excess Spread” means, with respect to any Monthly Period,
the product of (a) 12 times (b) the percentage equivalent of a fraction (i) the numerator of which is the excess, if any, of (x) the Adjusted LOC Interest Collections of all Eligible Receivables that are LOC Receivables
for such Monthly Period over (y) the aggregate Outstanding Principal Balance of all Pledged Receivables that are LOC Receivables that became Defaulted Receivables during such Monthly Period and (ii) the denominator of which is the average
daily Outstanding Principal Balance of all Pledged Receivables that are LOC Receivables for such Monthly Period (other than any such LOC Receivables with an Applicable Advance Rate of zero). 

“LOC Loss Rate” means, with respect to any Monthly Period, the product of (a) 12 times
(b) the percentage equivalent of a fraction (i) the numerator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables that are LOC Receivables that became Defaulted Receivables during such Monthly Period and
(ii) the denominator of which is the average daily Outstanding Principal Balance of all Pledged Receivables that are LOC Receivables for such Monthly Period. 

“LOC Portfolio Weighted Average Receivable Yield” means as of any date of determination, the quotient,
expressed as a percentage, obtained by dividing (a) the sum, for all Eligible Receivables that are LOC Receivables, of the product of (i) the Receivable Yield for each such LOC Receivable multiplied by (ii) the Outstanding Principal
Balance of such LOC Receivable as of such date, by (b) the Eligible LOC Portfolio Outstanding Principal Balance as of such date. 

“LOC Receivable” means a Receivable acquired by the Company representing an advance under an OnDeck LOC
offered to the related Receivables Obligor, it being understood and agreed that Payments thereunder are subject to Automatic LOC Payment Modifications in accordance with the terms of the applicable Receivable Agreement upon the occurrence of a
Subsequent LOC Advance under such OnDeck LOC. 
 “Lockbox Account” means a Deposit Account with account
number 180012408 at MB Financial Bank, N.A. in the name of Company. 
 “Lockbox Account Control Agreement”
shall have the meaning attributed to such term in the Security Agreement. 
 “Lockbox System” as defined in
Section 2.11(c). 
 “Margin Stock” as defined in Regulation U of the Board of Governors of the
Federal Reserve System as in effect from time to time. 
 “Master Record” as defined in the Custodial
Agreement. 
 “Material Adverse Effect” means a material adverse effect on: (i) the business,
operations, properties, assets, financial condition or results of operations of Company or Holdings; (ii) the ability of Company to pay any Obligations or Company or Holdings to fully 

  
 21 

 
and timely perform, in any material respect, its obligations under any Credit Document; (iii) the legality, validity, binding effect, or enforceability against Company or Holdings of any
Credit Document to which it is a party; (iv) the existence, perfection, priority or enforceability of any security interest in the Pledged Receivables; (v) the validity, collectability, or enforceability of the Pledged Receivables taken as
a whole or in any material part, or (vi) the rights, remedies and benefits available to, or conferred upon, any Agent and any Lender or any Secured Party under any Credit Document. 

“Material Change Notice” has the meaning set forth in Section 6.17. 

“Material Contract” means any contract or other arrangement to which Company is a party (other than the
Credit Documents or the Related Agreements) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Material Modification” means, with respect to any Receivable, a reduction in the interest rate, an extension
of the term, a reduction in, or change in frequency of, any required Payment or extension of a Payment Date or a reduction in the Outstanding Principal Balance, provided that an Automatic LOC Payment Modification shall not be deemed to
be a Material Modification. 
 “Material Underwriting Policy Change” means any change or modification to
the Underwriting Policies, if such change or modification could reasonably be expected to be adverse to Lenders or the Collateral, provided that any change or modification to the Underwriting Policies relating solely to the addition or
modification of a Receivable product type introduced after the Original Closing Date (each, a “New Product”) shall not be deemed to be a Material Underwriting Policy Change unless and until, during any Monthly Period, the aggregate
origination by Holdings of New Products exceeds (on a funded basis) the aggregate origination by Holdings of all Receivable products (at which point any such change or modification shall be deemed to be a Material Underwriting Policy Change).
Notwithstanding the foregoing, any New Product shall no longer be considered a New Product for purposes of this definition subsequent to the time such New Product is generally (subject to the terms and conditions set forth herein) able to be
financed hereunder or under another credit facility provided by the Administrative Agent or its affiliates. 

“Materials” as defined in Section 5.5(b). 

“Maximum 15 Day Delinquency Rate” means, with respect to any Monthly Period, the percentage equivalent of a
fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent Receivables (other than Charged-Off Receivables) that are Pledged Receivables that had a Missed Payment Factor of (x) with respect to
Daily Pay Receivables, fifteen (15) or higher, or (y) with respect to Weekly Pay Receivables, three (3) or higher, in each case, as of the last day of such Monthly Period, and (b) the denominator of which is the aggregate
Outstanding Principal Balance of all Receivables (other than Charged-Off Receivables) that are Pledged Receivables as of the last day of such Monthly Period. 

  
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 “Maximum Delinquency Rate” means, with respect to any Monthly
Period, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent Receivables (other than Charged-Off Receivables) that are Pledged Receivables as of the last day of such
Monthly Period and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Receivables (other than Charged-Off Receivables) that are Pledged Receivables as of the last day of such Monthly Period. 

“Maximum Upfront Fee” means, with respect to each Receivable, the greater of (a) $695 and (b) 3.5%
of the original aggregate unpaid principal balance of such Receivable. 
 “Missed Payment Factor” means, in
respect of any Receivable, an amount equal to the sum of (a) the amount equal to (i) the total past due amount of Payments in respect of such Receivable, divided by (ii) the required periodic Payment in respect of such Receivable as
set forth in the related Receivable Agreement and (b) the number of Payment Dates, if any, past the Receivable maturity date on which a Payment was due but not received. 

“Monthly Period” means the period from and including the first day of a calendar month to and including the
last day of such calendar month. 
 “Monthly Reporting Date” means the third Business Day prior to each
Interest Payment Date. 
 “Monthly Servicing Report” shall have the meaning attributed to such term in the
Servicing Agreement. 
 “Moody’s” means Moody’s Investor Services, Inc. 

“Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as defined in
Section 3(37) of ERISA. 
 “NAIC” means The National Association of Insurance Commissioners, and any
successor thereto. 
 “Net Asset Sale Proceeds” means, with respect to any Permitted Asset Sale, an amount
equal to: (i) Cash payments received by, or on behalf of, Company from such Permitted Asset Sale, minus (ii) any bona fide direct costs incurred in connection with such Permitted Asset Sale to the extent paid or payable to
non-Affiliates, including (a) income or gains taxes payable by the seller as a result of any gain recognized in connection with such Permitted Asset Sale during the tax period the sale occurs and (b) a reasonable reserve for any recourse
for a breach of the representations and warranties made by Company to the purchaser in connection with such Permitted Asset Sale; provided that upon release of any such reserve, the amount released shall be considered Net Asset Sale Proceeds. 

“Net Cash Proceeds” shall mean with respect to any equity issuance, the cash proceeds thereof, net of all
taxes and reasonable investment banker’s fees, underwriting discounts or commissions, reasonable legal fees and other reasonable costs and other expenses incurred in connection therewith. 

  
 23 

 “New Product” has the meaning set forth in the definition of
“Material Underwriting Policy Change.” 
 “Non-Consenting Lender” as defined in Section
2.19. 
 “Non-Creditworthy Lender” as defined in Section 2.19. 

“Non-US Lender” as defined in Section 2.16(d)(i). 

“Notice of Amendment” as defined in Section 6.18. 

“Obligations” means all obligations of every nature of Company from time to time owed to the Agents
(including former Agents), the Lenders or any of them, in each case under any Credit Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to Company, would have accrued on
any Obligation, whether or not a claim is allowed against Company for such interest in the related bankruptcy proceeding), fees, expenses, indemnification or otherwise. 

“OnDeck LOC” has the meaning given to the term “Line of Credit (LOC)” product as described in the
underwriting guidelines portion of the Underwriting Policies. 
 “On Deck Express Product” has the meaning
given to the term “ODX” product as described in the underwriting guidelines portion of the Underwriting Policies. 

“On Deck Score” means that numerical value ranging from 250 to 700 that represents Holdings’ evaluation
of the creditworthiness of a business and its likelihood of default on a commercial loan or other similar credit arrangement generated by “version 4” of the proprietary methodology developed and maintained by Holdings, as such methodology
is applied in accordance with the other aspects of the Underwriting Policies, and as such methodology and other aspects of the Underwriting Policies may be revised and updated from time to time in accordance with Section 6.17. 

“Online Product” or “On Deck Online” has the meaning given to the term “ODO”
product as described in the underwriting guidelines portion of the Underwriting Policies. 
 “Organizational
Documents” means (i) with respect to any corporation, its certificate or articles of incorporation or organization, as amended, and its by-laws, as amended, (ii) with respect to any limited
partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended, (iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited
liability company, its articles of organization or certificate of formation, as amended, and its operating agreement, as amended, including, in the case of Company, the Limited Liability Agreement. In the event any term or condition of this
Agreement or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall only be to a document of a type
customarily certified by such governmental official. 

  
 24 

 “Original Borrowing Base Certificate” has the meaning set forth
in Section 2.1(c)(ii). 
 “Original Closing Date” means October 23, 2013. 

“Other Connection Taxes” means, with respect to any Affected Party, Taxes imposed as a result of a present or
former connection between such Affected Party and the jurisdiction imposing such Tax (other than connections arising from such Affected Party having executed, delivered, become a party to, performed its obligations under, received payments under,
received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Revolving Loan or Credit Document). 

“Outstanding Principal Balance” means, (i) as of any date with respect to any Term Receivable, the
unpaid principal balance of such Term Receivable as set forth on the Servicer’s books and records as of the close of business on the immediately preceding Business Day, and (ii) as of any date with respect to any LOC Receivable, the
Combined LOC OPB of such LOC Receivable (without duplication); provided, however, that the Outstanding Principal Balance of any Pledged Receivable that has become a Charged-Off Receivable will be zero. 

“Participant Register” as defined in Section 9.6(h). 

“Paying Agent” as defined in the preamble hereto. 

“Payment” means, with respect to any Receivable, the required scheduled loan payment in respect of such
Receivable, as set forth in the applicable Receivable Agreement. 
 “Payment Dates” means, with respect to
any Receivable, the date a payment is due in accordance with the Receivable Agreement with respect to such Receivable as in effect as of the date of determination. 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to
Section 412 of the Internal Revenue Code or Section 302 of ERISA. 
 “Permitted Asset Sale” means
so long as all Net Asset Sale Proceeds are contemporaneously remitted to the Collection Account, (a) the sale by Company of Receivables to Holdings pursuant to any repurchase obligations of Holdings under the Asset Purchase Agreement,
(b) the sale by the Servicer on behalf of Company of Charged-Off Receivables to any third party in accordance with the Servicing Standard, provided, that such sales are made without representation, warranty or recourse of any kind by
Company (other than customary representations regarding title and absence of liens on the Charged-Off Receivables, and the status of Company, due authorization, enforceability, no conflict and no required consents in respect of such sale),
(c) the sale by Company of Term Receivables (x) to Holdings who immediately thereafter sells such Term Receivables to a special-purpose Subsidiary of Holdings or (y) directly to a special-purpose Subsidiary of Holdings, in either case
in connection with a 

  
 25 

 
term securitization transaction involving the issuance of securities rated at least investment grade by one or more nationally recognized statistical rating organizations and such Term
Receivables and special-purpose Subsidiary so long as, in either case, (i) the amount received by Company therefore and deposited into the Collection Account is no less than the aggregate Outstanding Principal Balances of such Term Receivables,
(ii) such sale is made without representation, warranty or recourse of any kind by Company (other than customary representations regarding title, absence of liens on such Term Receivables, status of Company, due authorization, enforceability,
no conflict and no required consents in respect of such sale), (iii) the manner in which such Term Receivables were selected by Company does not adversely affect the Lenders, (iv) the agreement pursuant to which such Term Receivables were
sold to Holdings or such special-purpose Subsidiary, as the case may be, contains an obligation on the part of Holdings or such special-purpose Subsidiary to not file or join in filing any involuntary bankruptcy petition against Company prior to the
end of the period that is one year and one day after the payment in full of all Obligations of Company under this Agreement and not to cooperate with or encourage others to file involuntary bankruptcy petitions against Company during the same
period, and (v) unless otherwise waived by the Requisite Lenders in accordance with this Agreement, on the Business Day prior to such sale, (A) the Pro Forma 15 Day Delinquency Percentage shall not be greater than the 15 Day Delinquency
Percentage, before giving effect to such sale, and (B) the Pro Forma Delinquency Percentage shall not be greater than the Delinquency Percentage, before giving effect to such sale, (d) the sale by the Company of Receivables with the prior
written consent of the Requisite Lenders, and (e) the sale by Company of LOC Receivables (x) to Holdings who immediately thereafter sells such Receivables to a special-purpose Subsidiary of Holdings or (y) directly to a
special-purpose Subsidiary of Holdings, in either case in connection with (i) a securitization transaction involving such LOC Receivables and special-purpose Subsidiary or (ii) a financing transaction occurring from and after the six-month
anniversary of the Amendment Effective Date involving such LOC Receivables and special-purpose Subsidiary so long as, in either case, (A) the amount received by Company therefore and deposited into the Collection Account is no less than the
aggregate Outstanding Principal Balances of such LOC Receivables, (B) such sale is made without representation, warranty or recourse of any kind by Company (other than customary representations regarding title, absence of liens on such LOC
Receivables, status of Company, due authorization, enforceability, no conflict and no required consents in respect of such sale), (C) the manner in which such LOC Receivables were selected by Company does not adversely affect the Lenders,
(D) the agreement pursuant to which such LOC Receivables were sold to Holdings or such special-purpose Subsidiary, as the case may be, contains an obligation on the part of Holdings or such special-purpose Subsidiary to not file or join in
filing any involuntary bankruptcy petition against Company prior to the end of the period that is one year and one day after the payment in full of all Obligations of Company under this Agreement and not to cooperate with or encourage others to file
involuntary bankruptcy petitions against Company during the same period, and (E) unless otherwise waived by the Requisite Lenders in accordance with this Agreement, on the Business Day prior to such sale, (1) the Pro Forma 15 Day
Delinquency Percentage shall not be greater than the 15 Day Delinquency Percentage, before giving effect to such sale, and (2) the Pro Forma Delinquency Percentage shall not be greater than the Delinquency Percentage, before giving effect to
such sale. 
 “Permitted Discretion” means, with respect to any Person, a determination or judgment made by
such Person in good faith in the exercise of reasonable (from the perspective of a secured lender) credit or business judgment. 

  
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 “Permitted Investments” means the following, subject to
qualifications hereinafter set forth: (i) obligations of, or obligations guaranteed as to principal and interest by, the U.S. government or any agency or instrumentality thereof, when such obligations are backed by the full faith and credit of
the United States of America; (ii) federal funds, unsecured certificates of deposit, time deposits, banker’s acceptances, and repurchase agreements having maturities of not more than 365 days of any bank, the short-term debt obligations of
which are rated A-1+ (or the equivalent) by each of the rating agencies and, if it has a term in excess of three months, the long-term debt obligations of which are rated AAA (or the equivalent) by each of the Moody’s and S&P;
(iii) deposits that are fully insured by the Federal Deposit Insurance Corp. (FDIC); (iv) investments in money market funds which invest substantially all their assets in securities of the types described in clauses (i) through
(iii) above; and (v) such other investments as to which the Administrative Agent consent in its sole discretion. 

Notwithstanding the foregoing, “Permitted Investments” (i) shall exclude any security with the
S&P’s “r” symbol (or any other rating agency’s corresponding symbol) attached to the rating (indicating high volatility or dramatic fluctuations in their expected returns because of market risk), as well as any
mortgage-backed securities and any security of the type commonly known as “strips”; (ii) shall not have maturities in excess of one year; (iii) shall be limited to those instruments that have a predetermined fixed dollar of
principal due at maturity that cannot vary or change; and (iv) shall exclude any investment where the right to receive principal and interest derived from the underlying investment provides a yield to maturity in excess of 120% of the yield to
maturity at par of such underlying investment. Interest may either be fixed or variable, and any variable interest must be tied to a single interest rate index plus a single fixed spread (if any), and move proportionately with that index. No
investment shall be made which requires a payment above par for an obligation if the obligation may be prepaid at the option of the issuer thereof prior to its maturity. All investments shall mature or be redeemable upon the option of the holder
thereof on or prior to the earlier of (x) three months from the date of their purchase or (y) the Business Day preceding the day before the date such amounts are required to be applied hereunder. 

“Permitted Liens” means Liens in favor of Collateral Agent for the benefit of Secured Parties granted
pursuant to any Credit Document. 
 “Person” means and includes natural persons, corporations, limited
partnerships, general partnerships, partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other
organizations, whether or not legal entities, and Governmental Authorities. 
 “Pledged Receivables” shall
have the meaning attributed to such term in the Servicing Agreement. 
 “Portfolio” means the Receivables
purchased by Company from Holdings pursuant to the Asset Purchase Agreement. 
 “Portfolio Performance
Covenant” means the portfolio performance covenants specified in Appendix E. 

  
 27 

 “Prime Rate” means, as of any day, the rate of interest per
annum equal to the prime rate publicly announced by the majority of the eleven largest commercial banks chartered under United States Federal or State banking law as its prime rate (or similar base rate) in effect at its principal office. The
determination of such eleven largest commercial banks shall be based upon deposits as of the prior year-end, as reported in the American Banker or such other source as may be reasonably selected by the Paying Agent. 

“Principal Office” means, for Administrative Agent, Administrative Agent’s “Principal Office”
as set forth on Appendix B, or such other office as Administrative Agent may from time to time designate in writing to Company and each Lender; provided, however, that for the purpose of making any payment on the
Obligations or any other amount due hereunder or any other Credit Document, the Principal Office of Administrative Agent shall be as set forth on Appendix B (or such other location within the City and State of New York as Administrative Agent
may from time to time designate in writing to Company and each Lender). 
 “Processor” means, with respect
to any Receivable, a Person engaged in the business of processing credit card payments that has been engaged by the related Receivables Obligor to provide processing services with respect to designated future Credit Card Payments to be paid to such
Receivables Obligor. 
 “Processor Agreement” means an agreement between a Receivables Obligor and a
Processor with respect to the processing of certain Credit Card Payments due to such Receivables Obligor. 

“Processing Bank” means, with respect to any Receivable, a bank that has been engaged by the Servicer to
collect Credit Card Payments from the related Processor and to remit such funds to the applicable Receivables Obligor’s Transfer Accounts. 

“Pro Forma 15 Day Delinquency Percentage” means, as of one Business Day prior to any Permitted Asset Sale
described in clause (c) of the definition thereof, after giving pro forma effect to such Permitted Asset Sale, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Pledged
Receivables (that are not Charged-Off Receivables) that had a Missed Payment Factor of (x) with respect to Daily Pay Receivables, fifteen (15) or higher, or (y) with respect to Weekly Pay Receivables, three (3) or higher, in each
case, as of such Business Day, and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables) as of such Business Day. 

“Pro Forma Delinquency Percentage” means, as of one Business Day prior to any Permitted Asset Sale described
in clause (c) of the definition thereof, after giving pro forma effect to such Permitted Asset Sale, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent
Receivables (that are not Charged-Off Receivables) that are Pledged Receivables as of such Business Day, and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not Charged-Off
Receivables) as of such Business Day. 

  
 28 

 “Pro Rata Share” means with respect to any Lender, the
percentage obtained by dividing (i) the Revolving Exposure of that Lender by (ii) the aggregate Revolving Exposure of all Lenders. 

“Q3 Vintage Pool” means the pool of Term Receivables originated by Holdings or the Receivables Account Bank
during the first, second and third Fiscal Quarters of 2013 and acquired by Company. 
 “Re-Aged” means
returning a delinquent, open-end account to current status without collecting the total amount of principal, interest, and fees that are contractually due. 

“Receivable Agreements” means (i) with respect to any Term Receivable, a Business Loan and Security
Agreement, a Business Loan and Security Agreement Supplement or Loan Summary, the Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH Debit), in each case, in substantially the forms attached to the Undertakings
Agreement and as may be amended, supplemented or modified from time to time in accordance with the terms of this Agreement, and, if applicable, the Transfer Account Loan Documentation related to such Receivable, and the other documents related
thereto to which the applicable Receivables Obligor is a party, and (ii) with respect to any LOC Receivable, a Business Line of Credit Agreement, a Business Line of Credit Agreement Supplement, the Authorization Agreement for Direct Deposit
(ACH Credit) and Direct Payments (ACH Debit), in each case, in substantially the forms attached to the Undertakings Agreement and as may be amended, supplemented or modified from time to time in accordance with the terms of this Agreement, and the
other documents related thereto to which the applicable Receivables Obligor is a party, 
 “Receivable
File” means (i) with respect to any Receivable, copies of each applicable document listed in the definition of “Receivable Agreements,” (ii) with respect to any Term Receivable, the UCC financing statement, if any, filed
against the Receivables Obligor in connection with the origination of such Term Receivable and (iii) with respect to any Receivable, copies of each of the documents required by, and listed in, the Document Checklist attached to the Custodial
Agreement, each of which may be in electronic form. 
 “Receivable Yield” means, with respect to any
Receivable, the imputed interest rate that is calculated on the basis of the expected aggregate annualized rate of return (calculated inclusive of all interest and fees (other than any Upfront Fees)) of such Receivable over the life of such
Receivable.
 Such calculation shall assume: 

i) 52 Payment Dates per annum, for Weekly Pay Receivables; 

ii) 252 Payment Dates per annum, for Daily Pay Receivables that were originated on or after July 1, 2013; and 

iii) 257 Payment Dates per annum, for Daily Pay Receivables that were originated prior to July 1, 2013 (or such other
number of Payment Dates set forth in the Underwriting Policies for a 12-month term Receivable). An example of the foregoing calculation is set forth on Appendix F hereto. 

  
 29 

 “Receivables” means any (i) loan or similar contract or
(ii) “payment intangible” (as defined in the UCC) representing a fully disbursed portion of an OnDeck LOC, in each case with a Receivables Obligor pursuant to which Holdings or the Receivables Account Bank extends credit to such
Receivables Obligor pursuant to the applicable Receivable Agreements, including if applicable all rights under any and all security documents or supporting obligations related thereto, including the applicable Receivable Agreements. 

“Receivables Account Bank” means, with respect to any Receivables, (i) BofI Federal Bank, a federal
savings institution, and (ii) any other institution that (a) is organized under the laws of the United States of America or any State thereof and subject to supervision and examination by federal or state banking authorities and that
originates and owns Receivables for Holdings pursuant to a Receivables Program Agreement, and (b) has been approved by the Requisite Lenders in their Permitted Discretion as an originator for purposes of this Agreement. 

“Receivables Guarantor” means with respect to any Receivables Obligor, (a) each holder of the Capital
Stock (or equivalent ownership or beneficial interest) of such Receivables Obligor in the case of a Receivables Obligor which is a corporation, partnership, limited liability company, trust or equivalent entity, who has agreed to unconditionally
guarantee all of the obligations of the related Receivables Obligor under the related Receivable Agreements or (b) the natural person operating as the Receivables Obligor, if the Receivables Obligor is a sole proprietor. 

“Receivables Obligor” means with respect to any Receivable, the Person or Persons obligated to make payments
with respect to such Receivable, excluding any Receivables Guarantor referred to in clause (a) of the definition of “Receivables Guarantor.” 

“Receivables Program Agreement” means the (i) Master Business Loan Marketing Agreement, dated as of
July 19, 2012, between Holdings and BofI Federal Bank, a federal savings institution (as amended, modified or supplemented from time to time with the consent of the Requisite Lenders to the extent required pursuant to Section 6.16)
and (ii) any other agreement between Holdings and a Receivables Account Bank pursuant to which Holdings may refer applicants for small business loans conforming to the Underwriting Policies to such Receivables Account Bank and such Receivables
Account Bank has the discretion to fund or not fund a loan to such applicant based on its own evaluation of such applicant and containing those provisions as are reasonably necessary to ensure that the transfer of small business loans by such
Receivables Account Bank to Holdings thereunder are treated as absolute sales (as amended, modified or supplemented from time to time with the consent of the Requisite Lenders to the extent required pursuant to Section 6.16). 

“Receivables Purchase Agreement” means a Bill of Sale and Assignment of Assets, by and between Holdings and
SBAF, in substantially the form of Exhibit I hereto. 
 “Register” as defined in
Section 2.4(b). 

  
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 “Regulation D” means Regulation D of the Board of
Governors of the Federal Reserve System, as in effect from time to time. 
 “Related Agreements” means,
collectively the Organizational Documents of Company, each Receivables Program Agreement and the Transfer Account Loan Documentation. 

“Related Fund” means, with respect to any Lender that is an investment fund, any other investment fund that
invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Related Security” shall have the meaning attributed to such term in the Asset Purchase Agreement. 

“Replacement Borrowing Base Certificate” has the meaning set forth in Section 2.1(c)(ii). 

“Replacement Lender” as defined in Section 2.19. 

“Requirements of Law” means as to any Person, any law (statutory or common), treaty, rule, ordinance, order,
judgment, Governmental Authorization, or regulation or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding upon the Person or any of its property or to which the Person or any of its property is
subject. 
 “Requisite Lenders” means one or more Lenders having or holding Revolving Exposure and
representing more than 50% of the sum of the aggregate Revolving Exposure of all Lenders. 
 “Reserve
Account” means a Deposit Account with account number OD1302.2 at Deutsche Bank Trust Company Americas in the name of Company. 

“Reserve Account Funding Amount” means, on any day during a Reserve Account Funding Period, the excess, if
any, of $170,000 over the amount then on deposit in the Reserve Account. 
 “Reserve Account Funding
Event” means, as of any date of determination with respect to the Monthly Period most recently ended, that any one of the following events shall have occurred with respect to such Monthly Period: (a) the Average Term
Excess Spread was less than 25.0%; (b) the Maximum Delinquency Rate was greater than 14.0%; or (c) the Maximum 15 Day Delinquency Rate was greater than 7.75%. Notwithstanding the foregoing, the Reserve Account Funding Event shall be deemed
to no longer exist from and after any date upon which the Reserve Account Funding Event Cure has occurred (provided that only one Reserve Account Funding Event Cure shall be permitted hereunder). 

“Reserve Account Funding Event Cure” means, as of any date of determination with respect to the three Monthly
Periods most recently ended, that each of the following conditions has been satisfied with respect to each such Monthly Period after the occurrence of a 

  
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Reserve Account Funding Event: (a) the Average Term Excess Spread was greater than 25.0%; (b) the Maximum Delinquency Rate was less than 14.0%; (c) the Maximum 15 Day Delinquency
Rate was less than 7.75% and (d) no Reserve Account Funding Event Cure shall have previously occurred. 

“Reserve Account Funding Period” means the period commencing on the first day after the Original Closing Date
on which a Reserve Account Funding Event shall occur and ending on the first day thereafter on which the Reserve Account Funding Event Cure shall occur, and the period commencing on the first day thereafter on which another Reserve Account Funding
Event shall occur and ending on the Termination Date. 
 “Restricted Junior Payment” means (i) any
dividend or other distribution, direct or indirect, on account of any shares of any class of Capital Stock of Company now or hereafter outstanding, except a dividend payable solely in shares of Capital Stock to the holders of that class;
(ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of Capital Stock of Company now or hereafter outstanding; and (iii) any payment made
to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of Company now or hereafter outstanding. 

“Revolving Availability” means, as of any date of determination, the amount, if any, by which the Borrowing
Base exceeds the Total Utilization of Revolving Commitments. 
 “Revolving Commitment” means the commitment
of a Lender to make or otherwise fund any Revolving Loan and “Revolving Commitments” means such commitments of all Lenders in the aggregate. The amount of each Lender’s Revolving Commitment, if any, is set forth on Appendix
A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of the Revolving Commitments as of the Amendment Effective Date is $50,000,000. The Revolving
Commitment of each Lender will be equal to zero on the Revolving Commitment Termination Date. 
 “Revolving
Commitment Period” means the period from the Original Closing Date to but excluding the Revolving Commitment Termination Date. 

“Revolving Commitment Termination Date” means the earliest to occur of (i) October 17. 2016;
(ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.9(b); and (iii) the date of the termination of the Revolving Commitments pursuant to Section 7.1. 

“Revolving Exposure” means, with respect to any Lender as of any date of determination, (i) prior to the
termination of the Revolving Commitments, that Lender’s Revolving Commitment; and (ii) after the termination of the Revolving Commitments, the aggregate outstanding principal amount of the Revolving Loans of that Lender. 

“Revolving Loan” means a Revolving Loan made by a Lender to Company pursuant to Section 2.1. 

  
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 “Revolving Loan Note” means a promissory note in the form of
Exhibit B hereto, as it may be amended, supplemented or otherwise modified from time to time. 
 “Rolling
3-Month Average Maximum 15 Day Delinquency Rate” means, for any Monthly Period, the arithmetic average Maximum 15 Day Delinquency Rate for such Monthly Period and the two (2) Monthly Periods immediately preceding such Monthly Period.

 “Rolling 3-Month Average Maximum Delinquency Rate” means, for any Monthly Period, the arithmetic average
Maximum Delinquency Rate for such Monthly Period and the two (2) Monthly Periods immediately preceding such Monthly Period. 

“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial
Services LLC business, and its permitted successors and assigns. 
 “SBAF” means Small Business Asset Fund
2009 LLC, a Delaware limited liability company. 
 “SBAF Receivables” means certain Receivables
(i) previously owned by SBAF, and (ii) sold by SBAF to Holdings, and immediately thereafter sold by Holdings to Company, either prior to the Amendment Effective Date or on a single Transfer Date occurring within sixty (60) days of the
Amendment Effective Date. 
 “SEC” means the Securities and Exchange Commission. 

“Secured Parties” shall have the meaning attributed to such term in the Security Agreement. 

“Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of
interest or participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or
otherwise, or in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to,
purchase or acquire, any of the foregoing. 
 “Securities Account” means a “securities account”
(as defined in the UCC). 
 “Securities Account Control Agreement” shall have the meaning attributed to
such term in the Security Agreement. 
 “Securities Act” means the Securities Act of 1933, as amended from
time to time, and any successor statute. 
 “Security Agreement” means that certain Security Agreement
dated as of the Original Closing Date between Company and the Collateral Agent, as it may be amended, restated or otherwise modified from time to time. 

“Seller” has the meaning set forth in the Asset Purchase Agreement. 

  
 33 

 “Servicer” means Holdings, in its capacity as the
“Servicer” under the Servicing Agreement, and, after any removal or resignation of Holdings as the “Servicer” in accordance with the Servicing Agreement, any Successor Servicer. 

“Servicer Default” shall have the meaning attributed to such term in the Servicing Agreement. 

“Servicing Agreement” means that certain Amended and Restated Servicing Agreement dated as of the Amendment
Effective Date between Company, Holdings and the Administrative Agent, as it may be amended, restated or otherwise modified from time to time, and, after the appointment of any Successor Servicer, the Successor Servicing Agreement to which such
Successor Servicer is a party, as it may be amended, restated or otherwise modified from time to time. 
 “Servicing
Fees” shall have the meaning attributed to such term in the Servicing Agreement; provided, however that, after the appointment of any Successor Servicer, the Servicing Fees shall mean the Successor Servicer Fees payable to such Successor
Servicer. 
 “Servicing Reports” means the Servicing Reports delivered pursuant to the Servicing Agreement,
including the Monthly Servicing Report. 
 “Servicing Standard” shall have the meaning attributed to such
term in the Servicing Agreement. 
 “Servicing Transition Expenses” means all reasonable, out-of-pocket
costs and expenses incurred in connection with the assumption of servicing of the Pledged Receivables by a Successor Servicer after the delivery of a Termination Notice to the Servicer. 

“Servicing Transition Period” means the period commencing on the giving of a Termination Notice and ending
such number of days thereafter as shall be determined by the Administrative Agent in its Permitted Discretion. 

“Solvent” means, with respect to Company or Holdings, that as of the date of determination, both
(i) (a) the sum of such entity’s debt (including contingent liabilities) does not exceed the present fair saleable value of such entity’s present assets; (b) such entity’s capital is not unreasonably small in relation
to its business as contemplated on the Original Closing Date; and (c) such entity has not incurred and does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as
they become due (whether at maturity or otherwise); and (ii) such entity is “solvent” within the meaning given that term and similar terms under laws applicable to it relating to fraudulent transfers and conveyances. For purposes of
this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual
or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard No. 5). 

“Specified Event of Default” means any Event of Default occurring under Sections 7.1(a), (f),
(g), (h), (j), (l), (m), (o) or (p); provided, however, that an Event of Default 

  
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occurring under Section 7.1(m) shall not constitute a Specified Event of Default if the Servicer Default triggering such Event of Default resulted only (x) from the occurrence of
an Event of Default or (y) the breach of a Financial Covenant unless such breach was the result of Tangible Net Worth being less than $15,000,000 as of the last day of any Fiscal Quarter. 

“SPV Indebtedness” means any secured Indebtedness incurred by a special-purpose Subsidiary of Holdings from
time to time solely to finance a portfolio of Receivables. 
 “Subordinated Indebtedness” means any
Indebtedness of Holdings that is fully subordinated to all senior indebtedness for borrowed money of Holdings, as to right and time of payment and as to any other rights and remedies thereunder, including, an agreement on the part of the holders of
such Indebtedness that the maturity of such Indebtedness cannot be accelerated prior to the maturity date of such senior indebtedness for borrowed money. 

“Subsequent LOC Advance” means, with respect to any LOC Receivable relating to a particular OnDeck LOC
offered to the related Receivables Obligor, an additional LOC Receivable representing a subsequent advance under such OnDeck LOC. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company,
association, or other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons
(whether directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person
or one or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a
“qualifying share” of the former Person shall be deemed to be outstanding. 
 “Successor
Servicer” shall have the meaning attributed to such term in the Servicing Agreement. 
 “Successor
Servicing Agreement” shall have the meaning attributed to such term in the Servicing Agreement. 

“Successor Servicer Fees” means the servicing fees payable to a Successor Servicer pursuant to a Successor
Servicing Agreement. 
 “Tangible Net Worth” means, as of any day, the total of (a) Holdings’
total stockholders’ equity, minus (b) all Intangible Assets of Holdings, minus (c) all amounts due to Holdings from its Affiliates, plus (d) any Convertible Indebtedness, plus (e) any Warranty
Liability. 
 “Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction
or withholding of any nature and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld or assessed, including any interest, additions to tax or penalties applicable thereto. 

  
 35 

 “Term BB Concentration Percentage” means the amount expressed as
a percentage equal to (i) the average daily dollar amount Borrowing Base generated from the Term Receivables for such Monthly Period; over (ii) the average daily aggregate Borrowing Base for such Monthly Period. 

“Term Excess Spread” means, with respect to any Monthly Period, the product of (a) 12 times
(b) the percentage equivalent of a fraction (i) the numerator of which is the excess, if any, of (x) the Adjusted Term Interest Collections of all Eligible Receivables that are Term Receivables for such Monthly Period over
(y) the aggregate Outstanding Principal Balance of all Pledged Receivables that are Term Receivables that became Defaulted Receivables during such Monthly Period and (ii) the denominator of which is the average daily Outstanding Principal
Balance of all Pledged Receivables that are Term Receivables for such Monthly Period. 
 “Term Portfolio Weighted
Average Receivable Yield” means as of any date of determination, the quotient, expressed as a percentage, obtained by dividing (a) the sum, for all Eligible Receivables that are Term Receivables, of the product of (i) the
Receivable Yield for each such Term Receivable multiplied by (ii) the Outstanding Principal Balance of such Term Receivable as of such date, by (b) the Eligible Term Portfolio Outstanding Principal Balance as of such date. 

“Term Receivable” means a Receivable that is not an LOC Receivable 

“Terminated Lender” as defined in Section 2.19. 

“Termination Date” means the date on, and as of, which (a) all Revolving Loans have been
repaid in full in cash, (b) all other Obligations (other than contingent indemnification obligations for which demand has not been made) under this Agreement and the other Credit Documents have been paid in full in cash or otherwise completely
discharged, and (c) the Revolving Commitment Termination Date shall have occurred. 
 “Termination
Notice” shall have the meaning attributed to such term in the Servicing Agreement. 
 “Total Utilization of
Revolving Commitments” means, as at any date of determination, the aggregate principal amount of all outstanding Revolving Loans. 

“Transaction Costs” means the fees, costs and expenses payable by Holdings or Company on or within ninety
(90) days after the Amendment Effective Date in connection with the transactions contemplated by the Credit Document Amendments. 

“Transfer Account” means an account in the name of a Receivables Obligor maintained at Rocky Mountain
Bank & Trust or Kenney Bank & Trust (or any successor financial institution or financial institutions approved by the Administrative Agent in its Permitted Discretion, serving substantially the same purpose) where all Credit Card
Payments attributable to such Receivables Obligor are paid. 

  
 36 

 “Transfer Account Loan Documentation” means, with respect to any
Transfer Account Receivable, collectively, the documentation related to such Receivable and the other documents related thereto. 

“Transfer Account Receivable” means any Receivable with respect to which (i) the related Receivables
Obligor has instructed the related Processor, pursuant to the related Processor Agreement, to remit certain Credit Card Payments to the designated Transfer Account for such Receivables Obligor, (ii) the related Processor has agreed, pursuant to
the related Processor Agreement, to remit such Credit Card Payments to the designated Transfer Account for such Receivables Obligor, and (iii) the related Receivables Obligor has authorized Servicer, pursuant to the related Receivable
Agreement, to debit from such Receivables Obligor’s Transfer Account on each Business Day the amounts owing under the related Receivable Agreement. 

“Transfer Date” has the meaning assigned to such term in the Asset Purchase Agreement. 

“UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any
applicable jurisdiction. 
 “UCC Agent” means Corporation Service Company, a Delaware corporation, in its
capacity as agent for Holdings or other entity or entities providing secured party representation services for Holdings from time to time. 

“Undertakings Agreement” means that certain amended and restated agreement, dated as of the Amendment
Effective Date, by and among Holdings, the Company, the lenders party thereto, the Paying Agent and the Administrative Agent. 

“Underwriting Policies” means the credit policies and procedures of Holdings, including the underwriting
guidelines and OnDeck Score methodology, and the collection policies and procedures of Holdings, in each case in effect as of the Amendment Effective Date and in the form attached to the Undertakings Agreement, as such policies, procedures,
guidelines and methodologies may be amended from time to time in accordance with Section 6.17. 
 “Upfront
Fees” means, with respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Receivable
Agreement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement. 

“Vintage Pool” means, as of any date of determination, the pool of Term Receivables originated by Holdings or
the Receivables Account Bank and acquired by Company during any completed Fiscal Quarter. The Q3 Vintage Pool shall also be deemed a Vintage Pool for all purposes hereunder. Except with respect to the Q3 Vintage Pool, the first Fiscal Quarter to be
measured will be the quarter ending December 31, 2013. 

  
 37 

 “Warranty Liability” means, as of any day, the aggregate stated
balance sheet fair value of all outstanding warrants exercisable for redeemable convertible preferred shares of Holdings determined in accordance with GAAP. 

“Weekly Pay Receivable” means any Receivable for which a Payment is generally due once per week (and, for the
avoidance of doubt, each LOC Receivable shall be a Weekly Pay Receivable). 
 1.2 Accounting Terms. 

Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall have the meanings
assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to Section 5.1(a) and Section 5.1(b) shall be prepared in accordance with GAAP as in
effect at the time of such preparation (and delivered together with the reconciliation statements provided for in Section 5.1(d), if applicable). If at any time any change in GAAP would affect the computation of any financial ratio or
requirement set forth in any Credit Document, and either Company, the Requisite Lenders or the Administrative Agent shall so request, the Administrative Agent, the Lenders and Company shall negotiate in good faith to amend such ratio or requirement
to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (a) such ratio or requirement shall continue to be computed in accordance with GAAP and accounting principles and policies in
conformity with those used to prepare the Historical Financial Statements and (b) Company shall provide to the Administrative Agent and each Lender financial statements and other documents required under this Agreement or as reasonably
requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. If Administrative Agent, Company and the Administrative Agent cannot agree upon the
required amendments within thirty (30) days following the date of implementation of any applicable change in GAAP, then all financial statements delivered and all calculations of financial covenants and other standards and terms in accordance
with this Agreement and the other Credit Documents shall be prepared, delivered and made without regard to the underlying change in GAAP.

1.3 Interpretation, etc. 

Any of the terms defined herein may, unless the context otherwise requires, be used in the singular or the plural, depending on
the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise specifically provided. The use herein of the word
“include” or “including,” when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set forth immediately following such word or to
similar items or matters, whether or not no limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but rather shall be deemed to refer to all other
items or matters that fall within the broadest possible scope of such general statement, term or matter. 

  
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 1.4 Amendment and Restatement. 

In order to facilitate the Amendment and Restatement: 

(a) Each of the parties hereto hereby agree that upon the effectiveness of this Agreement, the terms and provisions of the
Existing Credit Agreement shall be and hereby are amended and restated to the extent provided by this Agreement. 
 (b) All
of the “Obligations” (as defined in the Existing Credit Agreement, the “Existing Obligations”) outstanding under the Existing Credit Agreement and other “Credit Documents” (as defined in the Existing Credit
Agreement, the “Existing Credit Documents”) shall continue as Obligations hereunder to the extent not repaid on the Amendment Effective Date, and this Agreement is given as a substitution of and modification of, to the extent
provided herein, and not as a payment of or novation of, the indebtedness, liabilities and Existing Obligations of the Company under the Existing Credit Agreement, and neither the execution and delivery of this Agreement nor the consummation of any
other transaction contemplated hereunder is intended to constitute a novation or rescission of the Existing Credit Agreement or any obligations hereunder. 

SECTION 2. LOANS 

2.1 Revolving Loans. 

(a) Revolving Commitments. During the Revolving Commitment Period, subject to the terms and conditions hereof,
including, without limitation delivery of an updated Borrowing Base Certificate and Borrowing Base Report pursuant to Section 3.3(a)(i), each Lender severally agrees to make Revolving Loans to Company in an aggregate amount up to but not
exceeding such Lender’s Revolving Commitment; provided that no Lender shall make any such Revolving Loan or portion thereof to the extent that, after giving effect to such Revolving Loan: 

(i) the Total Utilization of Revolving Commitments exceeds the Borrowing Base; or 

(ii) the aggregate outstanding principal amount of the Revolving Loans funded by such Lender hereunder shall
exceed its Revolving Commitment. 
 (b) Amounts borrowed pursuant to Section 2.1(a) may be repaid and reborrowed
during the Revolving Commitment Period, and any repayment of the Revolving Loans (other than (i) pursuant to Section 2.10 (which circumstance shall be governed by Section 2.10), (ii) on any Interest Payment Date
upon which no Event of Default has occurred and is continuing (which circumstances shall be governed by Section 2.12(a)) or (iii) on a date upon which an Event of Default has occurred and is continuing (which circumstance shall be
governed by Section 2.12(b))) shall be applied as directed by Company. Each Lender’s Revolving Commitment shall expire on the Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with
respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. 

  
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 (c) Borrowing Mechanics for Revolving Loans. 

(i) Revolving Loans shall be made in an aggregate minimum amount of $100,000. 

(ii) Whenever Company desires that Lenders make Revolving Loans, Company shall deliver to Administrative
Agent, the Paying Agent and the Custodian a fully executed and delivered Funding Notice no later than 11:00 a.m. (New York City time) at least two (2) Business Days in advance of the proposed Credit Date; provided, that x) the Company
shall review such Funding Notice on the Business Day immediately preceding the proposed Credit Date and (y) if following such review it has determined that a Receivable would not qualify as an Eligible Receivable by virtue of clause (h) of
the Eligibility Criteria not being satisfied then (1) such Receivable shall be deemed to be excluded from the Borrowing Base Certificate included in such Funding Notice (each, an “Original Borrowing Base Certificate”) (and any
certification related thereto contained therein or in the Credit Documents) and (2) the Company shall deliver to Administrative Agent, the Custodian and the Paying Agent a revised Funding Notice no later than 1:00 p.m. (New York City time) at
least one (1) Business Day in advance of the proposed Credit Date and such revised Funding Notice (and the corresponding Borrowing Base Certificate (each, a “Replacement Borrowing Base Certificate”)) shall be modified solely to
make adjustments necessary to exclude any such Receivable that would not qualify as an Eligible Receivable by virtue of clause (h) of the Eligibility Criteria including any reductions due to any resulting Excess Concentration Amounts, if any.
Each such Funding Notice shall be delivered with a Borrowing Base Certificate reflecting sufficient Revolving Availability for the requested Revolving Loans and a Borrowing Base Report. 

(iii) Each Lender shall make the amount of its Revolving Loan available to the Paying Agent not later than 1:00
p.m. (New York City time) on the applicable Credit Date by wire transfer of same day funds in Dollars, and the Paying Agent shall remit such funds to the Company not later than 3:00 p.m. (New York City time) by wire transfer of same day funds in
Dollars to the account of Company designated in the related Funding Notice. 
 (iv) Company may borrow
Revolving Loans pursuant to this Section 2.1, purchase Eligible Receivables pursuant to Section 2.11(c)(vii)(C) and/or repay Revolving Loans pursuant to Section 2.11(c)(vii)(B) no more than one (1) time per
week in the aggregate, provided, that the Company may borrow Revolving Loans pursuant to this Section 2.1, purchase Eligible Receivables pursuant to Section 2.11(c)(vii)(C) and/or repay Revolving Loans pursuant to
Section 2.11(c)(vii)(B) one (1) additional time per week with the consent of the Administrative Agent (such consent not to be unreasonably withheld, delayed or conditioned). 

(d) Deemed Requests for Revolving Loans to Pay Required Payments. All payments of principal, interest, fees and other
amounts payable to Lenders under this Agreement or any Credit Document may be paid from the proceeds of Revolving Loans, made pursuant to a Funding Notice from Company pursuant to Section 2.1(c). 

  
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 2.2 Pro Rata Shares. 

All Revolving Loans shall be made by Lenders simultaneously and proportionately to their respective Pro Rata Shares, it being
understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Revolving Loan requested hereunder nor shall any Revolving Commitment of any Lender be increased or decreased as a
result of a default by any other Lender in such other Lender’s obligation to make a Revolving Loan requested hereunder. 

2.3 Use of Proceeds. 

The proceeds of the Revolving Loans made after the Original Closing Date shall be applied by Company to (a) finance the
acquisition of Eligible Receivables from Holdings pursuant to the Asset Purchase Agreement, (b) pay Transaction Costs and ongoing fees and expenses of Company hereunder and (c) in the case of Revolving Loans made pursuant to
Section 2.1(d), to make payments of principal, interest, fees and other amounts owing to the Lenders under the Credit Documents. No portion of the proceeds of any Credit Extension shall be used in any manner that causes or might cause
such Credit Extension or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of Governors of the Federal Reserve System or any other regulation thereof or to violate the Exchange Act.

 2.4 Evidence of Debt; Register; Lenders’ Books and Records; Notes. 

(a) Lenders’ Evidence of Debt. Each Lender shall maintain on its internal records an account or accounts evidencing
the Obligations of Company to such Lender, including the amounts of the Revolving Loans made by it and each repayment and prepayment in respect thereof. Any such recordation shall be conclusive and binding on Company, absent manifest error;
provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments or Company’s Obligations in respect of any applicable Revolving Loans; and
provided further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall govern absent manifest error. 

(b) Register. The Paying Agent shall maintain at its Principal Office a register for the recordation of the names and
addresses of the Lenders and the Revolving Commitments and Revolving Loans of each Lender from time to time (the “Register”). The Register shall be available for inspection by Company or any Lender at any reasonable time and from
time to time upon reasonable prior notice. The Paying Agent shall record in the Register the Revolving Commitments and the Revolving Loans, and each repayment or prepayment in respect of the principal amount of the Revolving Loans, and any such
recordation shall be conclusive and binding on Company and each Lender, absent manifest error; provided, failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments or
Company’s Obligations in respect of any Revolving Loan. Company hereby designates the entity serving as the Paying Agent to serve as Company’s agent solely for purposes of maintaining the Register as provided in this
Section 2.4, and Company 

  
 41 

 
hereby agrees that, to the extent such entity serves in such capacity, the entity serving as the Paying Agent and its officers, directors, employees, agents and affiliates shall constitute
“Indemnitees.” 
 (c) Revolving Loan Notes. If so requested by any Lender by written notice to
Company (with a copy to Administrative Agent) at any time after the Original Closing Date, Company shall execute and deliver to such Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Lender
pursuant to Section 9.6), promptly after Company’s receipt of such notice) a Revolving Loan Note to evidence such Lender’s Revolving Loans. 

2.5 Interest on Loans. 

(a) Except as otherwise set forth herein, the Revolving Loans shall accrue interest daily in an amount equal to the product of
(A) the unpaid principal amount thereof as of such day and (B) the LIBO Rate for such period plus the Applicable Margin. 

(b) Interest payable pursuant to Section 2.5(a) shall be computed on the basis of a
360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Revolving Loan, the date of the making of such Revolving Loan or the first
day of an Interest Period applicable to such Revolving Loan shall be included, and the date of payment of such Revolving Loan or the expiration date of an Interest Period applicable to such Revolving Loan shall be excluded; provided, if a
Revolving Loan is repaid on the same day on which it is made, one (1) day’s interest shall be paid on that Revolving Loan. 

(c) Except as otherwise set forth herein, interest on each Revolving Loan shall be payable in arrears (i) on and to each
Interest Payment Date; (ii) upon any prepayment of that Revolving Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) at maturity. 

  
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 2.6 Default Interest. 

Subject to Section 9.18, upon the occurrence and during the continuance of an Event of Default, the principal
amount of all Revolving Loans outstanding and, to the extent permitted by applicable law, any interest payments on the Revolving Loans not paid on the Interest Payment Date for the Interest Period in which such interest accrued or any fees or other
amounts owed hereunder, shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable in accordance with
Section 2.12(b) at a rate that is 3.0% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Revolving Loans (or, in the case of any such fees and other amounts, at a rate which is
3.0% per annum in excess of the interest rate otherwise payable hereunder) (the “Default Interest Rate”). Payment or acceptance of the increased rates of interest provided for in this Section 2.6 is not a permitted
alternative to timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 

2.7 [Reserved]. 

2.8 Revolving Commitment Termination Date. 

Company shall repay the Revolving Loans in full on or before the Revolving Commitment Termination Date. 

2.9 Voluntary Commitment Reductions. 

(a) [Reserved]. 

(b) Subject to the payment of any amounts set forth in Section 2.9(d), Company may, upon not less than three
(3) Business Days’ prior written notice to Administrative Agent, at any time and from time to time terminate in whole or permanently reduce in part the Revolving Commitments in an amount up to the amount by which the Revolving Commitments
exceed the Total Utilization of Revolving Commitments at the time of such proposed termination or reduction; provided, any such partial reduction of the Revolving Commitments shall be in an aggregate minimum amount of $500,000 and integral
multiples of $100,000 in excess of that amount. 
 (c) Company’s notice shall designate the date (which shall be a
Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Commitments shall be effective on the date specified in Company’s notice and shall reduce the Revolving
Commitment of each Lender proportionately to its applicable Pro Rata Share thereof. 
 (d) Call Protection. If
Company voluntarily reduces or terminates any Revolving Commitments as provided in Section 2.9(b), Company shall pay to Paying Agent, on behalf of the Lenders whose Revolving Commitments were terminated or reduced, on the date of such
reduction or termination, the amounts (if any) described in the Undertakings Agreement. 

  
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 2.10 Borrowing Base Deficiency. 

Company shall prepay the Revolving Loans within two (2) Business Day of the earlier of (i) an Authorized Officer, the
Chief Financial Officer (or in each case, the equivalent thereof) of Company becoming aware that a Borrowing Base Deficiency exists and (ii) receipt by Company of notice from any Agent or any Lender that a Borrowing Base Deficiency exists, in
each case in an amount equal to such Borrowing Base Deficiency, which shall be applied to prepay the Revolving Loans as necessary to cure any Borrowing Base Deficiency. 

2.11 Controlled Accounts. 

(a) Company shall establish and maintain cash management systems reasonably acceptable to the Administrative Agent, including,
without limitation, with respect to blocked account arrangements. Other than a cash management deposit account (the “Funding Account”) maintained at the Paying Agent into which proceeds of Revolving Loans may be funded at the
direction of Company, Company shall not establish or maintain a Deposit Account or Securities Account other than a Controlled Account and Company shall not, and shall cause Servicer not to deposit Collections or proceeds thereof in a Securities
Account or Deposit Account which is not a Controlled Account (provided, that, inadvertent and non-reoccurring errors by Servicer in applying such Collections or proceeds that are promptly, and in any event within two (2) Business Days
after Servicer or Company has (or should have had in the exercise of reasonable diligence) knowledge thereof, cured shall not be considered a breach of this covenant). All Collections and proceeds of Collateral shall be subject to an express trust
for the benefit of Collateral Agent on behalf of the Secured Parties and shall be delivered to Lenders for application to the Obligations or any other amount due under any other Credit Document as set forth in this Agreement. 

(b) On or prior to the Original Closing Date, Company caused to be established and shall thereafter cause to be maintained,
(i) a trust account (or sub-accounts) in the name of Company and under the sole dominion and control of, the Collateral Agent designated as the “Collection Account” in each case bearing a designation clearly indicating that the
funds and other property credited thereto are held for Collateral Agent for the benefit of the Lenders and subject to the applicable Securities Account Control Agreement and (ii) a Deposit Account into which the proceeds of all Pledged
Receivables, including by automatic debit from Receivables Obligors’ operating accounts, shall be deposited in the name of Company designated as the “Lockbox Account” as to which the Collateral Agent has sole dominion and
control over such account for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Lockbox Account Control Agreement. The Lockbox Account Control Agreement will provide that all funds in the
Lockbox Account will be swept daily into the Collection Account. 

  
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 (c) Lockbox System. 

(i) Company has established pursuant to the Lockbox Account Control Agreement and the other Control Agreements
for the benefit of the Collateral Agent, on behalf of the Secured Parties, a system of lockboxes and related accounts or deposit accounts as described in Sections 2.11(a) and (b) (the “Lockbox System”) into which
(subject to the proviso in Section 2.11(a)) all Collections shall be deposited. 
 (ii) Company
shall, using a method reasonably satisfactory to Administrative Agent, grant Backup Servicer (and its delegates) read-only access to the Lockbox Account. 

(iii) Company shall not establish any lockbox or lockbox arrangement without the consent of the Administrative
Agent in its sole discretion, and prior to establishing any such lockbox or lockbox arrangement, Company shall cause each bank or financial institution with which it seeks to establish such a lockbox or lockbox arrangement, to enter into a control
agreement with respect thereto in form and substance satisfactory to the Administrative Agent in its sole discretion. 

(iv) Without the prior written consent of the Administrative Agent, Company shall not (A) change the
general instructions given to the Servicer in respect of payments on account of Pledged Receivables to be deposited in the Lockbox System or (B) change any instructions given to any bank or financial institution which in any manner redirects
any Collections or proceeds thereof in the Lockbox System to any account which is not a Controlled Account. 

(v) Company acknowledges and agrees that (A) the funds on deposit in the Lockbox System shall continue to
be collateral security for the Obligations secured thereby, and (B) upon the occurrence and during the continuance of an Event of Default, at the election of the Requisite Lenders, the funds on deposit in the Lockbox System may be applied as
provided in Section 2.12(b). 
 (vi) Company has directed, and will at all times hereafter
direct, the Servicer to direct payment from each of the Receivables Obligors on account of Pledged Receivables directly to the Lockbox System. Company agrees (A) to instruct the Servicer to instruct each Receivables Obligor to make all payments
with respect to Pledged Receivables directly to the Lockbox System and (B) promptly (and, except as set forth in the proviso to this Section 2.11(c)(vi), in no event later than two (2) Business Days following receipt) to
deposit all payments received by it on account of Pledged Receivables, whether in the form of cash, checks, notes, drafts, bills of exchange, money orders or otherwise, in the Lockbox System in precisely the form in which they are received (but with
any endorsements of Company necessary for deposit or collection), and until they are so deposited to hold such payments in trust for and as the property of the Collateral Agent; provided, however, that with respect to any payment
received that does not contain sufficient identification of the account number to which such payment relates or cannot be processed due to an act beyond the control of the Servicer, such deposit shall be made no later than the second Business Day
following the date on which such account number is identified or such payment can be processed, as applicable. 

  
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 (vii) So long as no Event of Default has occurred and shall be
continuing, Company or its designee shall be permitted to direct the investment of the funds from time to time held in the Controlled Accounts (A) in Permitted Investments and to sell or liquidate such Permitted Investments and reinvest
proceeds from such sale or liquidation in other Permitted Investments (but none of the Collateral Agent, the Administrative Agent or the Lenders shall have liability whatsoever in respect of any failure by the Controlled Account Bank to do so), with
all such proceeds and reinvestments to be held in the applicable Controlled Account; provided, however, that the maturity of the Permitted Investments on deposit in the Controlled Accounts shall be no later than the Business Day
immediately preceding the date on which such funds are required to be withdrawn therefrom pursuant to this Agreement, (B) to repay the Revolving Loans in accordance with Section 2.1(b), provided, however, that
(w) in order to effect any such repayment from a Controlled Account, Company shall deliver to the Administrative Agent and Paying Agent, a Controlled Account Voluntary Payment Notice in substantially the form of Exhibit G hereto no later
than 12:00 p.m. (New York City time) on the Business Day prior to the date of any such repayment specifying the date of prepayment, the amount to be repaid and the Controlled Account from which such repayment shall be made, (x) unless otherwise
approved by the Administrative Agent pursuant to Section 2.1(c)(iv), no more than one (1) borrowing of Revolving Loans pursuant to Section 2.1, purchase of Eligible Receivables pursuant to
Section 2.11(c)(vii)(C) and/or repayment of Revolving Loans pursuant to this Section 2.11(c)(vii)(B) may be made in any calendar week and no such repayment may occur on any Interest Payment Date, (y) the minimum amount
of any such repayment on the Revolving Loans shall be $100,000, and (z) after giving effect to each such repayment, an amount equal to not less than the sum of (i) during any Reserve Account Funding Period, any Reserve Account Funding
Amount and (ii) the aggregate of 105% of the aggregate pro forma amount of interest, fees and expenses projected to be due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Successor
Servicing Agreement, if any, for the remainder of the applicable Interest Period, based on the Accrued Interest Amount on such date and a projection of the interest to accrue on the Revolving Loans during the remainder of the applicable Interest
Period using the same assumptions as are contained in the calculation of the Accrued Interest Amount, and the Total Utilization of Revolving Commitments on such date (after giving effect to such repayments), shall remain in the Controlled Accounts,
or (C) to purchase additional Eligible Receivables pursuant to the terms and conditions of the Asset Purchase Agreement, provided, that (w) a Borrowing Base Certificate (evidencing sufficient Revolving Availability after giving effect to
the release of Collections and the making of any Revolving Loan being made on such date and that after giving effect to the release of Collections, no event has occurred and is continuing that constitutes, or would result from such release that
would constitute, a Borrowing Base Deficiency, Default or Event of Default) and a Borrowing Base Report shall be delivered to the Administrative Agent, the Paying Agent and the Custodian no later than 11:00 a.m. (New York City time) at least two
(2) Business Days in advance of any such proposed purchase or release, (x) if such purchase of Eligible Receivables were being funded with Revolving Loans, the conditions for making such Revolving Loans on such date contained in
Section 3.3(a)(iii), Section 3.3(a)(vi) and Section 3.3(a)(vii) would be 

  
 46 

 satisfied as of such date, (y) Company may purchase Eligible Receivables
pursuant to this Section 2.12(c)(vii)(C), repay Revolving Loans pursuant to Section 2.11(c)(vii)(B) and/or borrow Revolving Loans pursuant to Section 2.1 no more than one (1) time a week in the aggregate
(unless otherwise approved by the Administrative Agent pursuant to Section 2.1(c)(iv) and provided, further, that if such withdrawal from the Collection Account does not occur simultaneously with the making of a Revolving Loan by the
Lenders hereunder pursuant to the delivery of a Funding Notice, such withdrawal shall be considered a “Revolving Loan” solely for purposes of Section 2.1(c)(iv) and (z) after giving effect to such release, an amount equal
to not less than the sum of (i) during any Reserve Account Funding Period, any Reserve Account Funding Amount and (ii) the aggregate of 105% of the aggregate pro forma amount of interest, fees and expenses projected to be due hereunder and
under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Successor Servicing Agreement, if any, for the remainder of the applicable Interest Period, based on the Accrued Interest Amount on such date and a
projection of the interest to accrue on the Revolving Loans during the remainder of the applicable Interest Period using the same assumptions as are contained in the calculation of the Accrued Interest Amount, and the Total Utilization of Revolving
Commitments on such date shall remain in the Controlled Accounts. 
 (viii) All income and gains from the
investment of funds in the Controlled Accounts shall be retained in the respective Controlled Account from which they were derived, until each Interest Payment Date, at which time such income and gains shall be applied in accordance with
Section 2.12(a) or (b) (or, if sooner, until utilized for a repayment pursuant to Section 2.11(c)(vii)(B) or a purchase of additional Eligible Receivables pursuant to Section 2.11(c)(vii)(C)), as the
case may be. As between Company and Collateral Agent, Company shall treat all income, gains and losses from the investment of amounts in the Controlled Accounts as its income or loss for federal, state and local income tax purposes. 

(d) Transfer Accounts. Company agrees to instruct the Servicer to (i) deduct from the related Transfer Account any
amounts owed to Company, and (ii) remit such amounts directly to a Controlled Account by no later than the second Business Day immediately following the deposit of such amounts in the related Transfer Account. Company shall use commercially
reasonable efforts to cause each applicable Receivables Obligor to cause all amounts owing in respect of a Transfer Account Receivable to be remitted directly to the applicable Transfer Account by the applicable Processor in accordance with the
applicable Processor Agreement. 
 (e) Reserve Account. On or prior to the Original Closing Date Company caused to be
established and shall thereafter cause to be maintained a Deposit Account in the name of Company designated as the “Reserve Account” as to which the Collateral Agent has control over such account for the benefit of the Lenders
within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Blocked Account Control Agreement. The Reserve Account will be funded during a Reserve Account Funding Period with funds available therefor pursuant to
Section 2.12(a). At any time after the giving of a Termination Notice by the Administrative Agent, the Paying Agent shall at the written direction of the Administrative Agent withdraw from time to time up to an aggregate amount of
$100,000 from the Reserve 

  
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Account to pay Servicing Transition Expenses during the Servicing Transition Period. On the first Interest Payment Date after the occurrence and during the continuance of an Event of Default, the
Paying Agent shall at the written direction of the Administrative Agent transfer into the Collection Account for application on such Interest Payment Date in accordance with Section 2.12(b) the amount by which the amount in the Reserve
Account exceeds the excess, if any, of $100,000 over the aggregate amount previously withdrawn from the Reserve Account to pay Servicing Transition Expenses. If the first Interest Payment Date after the end of a Servicing Transition Period is during
the continuance of an Event of Default, the Paying Agent shall at the written direction of the Administrative Agent transfer into the Collection Account for application on such Interest Payment Date in accordance with Section 2.12(b) all
amounts in the Reserve Account. If, after the first Reserve Account Funding Event to occur hereunder, a Reserve Account Funding Event Cure occurs, on the next Interest Payment Date after the occurrence of such Reserve Account Funding Event Cure the
Paying Agent shall, at the direction of Company, transfer all amounts in the Reserve Account into the Collection Account for application on such Interest Payment Date in accordance with Section 2.12(a). For the avoidance of doubt, only
one Reserve Account Funding Event Cure shall be permitted hereunder. 
 2.12 Application of Proceeds. 

(a) Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing
(after giving effect to the application of funds in accordance herewith on the relevant date), on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) shall be applied by the Paying Agent based on the
Monthly Servicing Report as follows: 
 (i) first, to Company, on a pari passu basis,
(A) amounts sufficient for Company to maintain its limited liability company existence and to pay similar expenses up to an amount not to exceed $1,000 in any Fiscal Year, and only to the extent not previously distributed to Company during such
Fiscal Year pursuant to clause (ix) below, and (B) to pay any accrued and unpaid Servicing Fees; 

(ii) second, on a pari passu basis, (A) to Company to pay any accrued and unpaid Backup
Servicing Fees and any accrued and unpaid fees and expenses of the Custodian and the Controlled Account Bank (in respect of the Controlled Accounts), (B) to Administrative Agent to pay any costs, fees or indemnities then due and owing to
Administrative Agent under the Credit Documents; (C) to Collateral Agent to pay any costs, fees or indemnities then due and owing to Collateral Agent under the Credit Documents; and (D) to Paying Agent to pay any costs, fees or indemnities
then due and owing to Paying Agent under the Credit Documents; provided, however, that the aggregate amount of costs, fees or indemnities payable to Administrative Agent or the Collateral Agent pursuant to this clause (ii) shall
not exceed $450,000 in any Fiscal Year; 

  
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 (iii) third, on a pro rata basis, to the Lenders to
pay costs, fees, and accrued interest calculated in accordance with Section 2.5(a) on the Revolving Loans and expenses payable pursuant to the Credit Documents; 

(iv) fourth, on a pro rata basis, to the Lenders in an amount necessary to reduce any Borrowing
Base Deficiency to zero; 
 (v) fifth, to pay to Administrative Agent, Paying Agent and Collateral
Agent any costs, fees or indemnities not paid in accordance with clause (ii) above; 
 (vi)
sixth, during a Reserve Account Funding Period, to the Reserve Account an amount equal to any Reserve Account Funding Amount; 

(vii) seventh, to pay all other Obligations or any other amount then due and payable hereunder; 

(viii) eighth, at the election of Company, on a pro rata basis, to the Lenders, as applicable, to
repay the principal of the Revolving Loans; and 
 (ix) ninth, prior to the Revolving Commitment
Termination Date, and provided that no Borrowing Base Deficiency would occur after giving effect to such distribution, any remainder to Company or as Company shall direct consistent with Section 6.5. 

(b) Notwithstanding anything herein to the contrary, upon the occurrence and during the continuance of an Event of Default, on
each Interest Payment Date, all amounts in the Controlled Accounts shall be applied by the Paying Agent based on the Monthly Servicing Report as follows: 

(i) first, to Company, on a pari passu basis, (A) amounts sufficient for Company to maintain
its limited liability company existence and to pay similar expenses up to an amount not to exceed $1,000 in any Fiscal Year, and only to the extent not previously distributed to Company during such Fiscal Year pursuant to
Section 2.12(a)(i) or 2.12(a)(ix) above, and (B) to pay any accrued and unpaid Servicing Fees; 

(ii) second, on a pari passu basis, (A) to Company to pay any accrued and unpaid Backup
Servicing Fees and any accrued and unpaid fees and expenses of the Custodian and the Controlled Account Bank (in respect of the Controlled Accounts), (B) to Administrative Agent to pay any costs, fees or indemnities then due and owing to
Administrative Agent under the Credit Documents (C) to Collateral Agent to pay any costs, fees or indemnities then due and owing to Collateral Agent under the Credit Documents and (D) to Paying Agent to pay any costs, fees or indemnities
then due and owing to Paying Agent under the Credit Documents; 
 (iii) third, on a pro rata
basis, to the Lenders to pay costs, fees, and accrued interest calculated in accordance with Section 2.5(a) (and including any additional interest accruing under Section 2.6) on the Revolving Loans and expenses payable
pursuant to the Credit Documents; 

  
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 (iv) fourth, on a pro rata basis, to the Lenders
until the Revolving Loans are paid in full; 
 (v) fifth, to pay all other Obligations or any other
amount then due and payable hereunder; and 
 (vi) sixth, any remainder to Company. 

2.13 General Provisions Regarding Payments. 

(a) All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in immediately
available funds, without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and paid not later than 12:00 p.m. (New York City time) on the date due via wire transfer of immediately available funds. Funds received
after that time on such due date shall be deemed to have been paid by Company on the next Business Day (provided, that any repayment made pursuant to Section 2.11(c)(vii)(B) or any application of funds by Paying Agent pursuant to
Section 2.12 on any Interest Payment Date shall be deemed for all purposes to have been made in accordance with the deadlines and payment requirements described in this Section 2.13). 

(b) All payments in respect of the principal amount of any Revolving Loan (other than voluntary prepayments of Revolving Loans
or payments pursuant to Section 2.10) shall be accompanied by payment of accrued interest on the principal amount being repaid or prepaid. 

(c) Paying Agent shall promptly distribute to each Lender at such address as such Lender shall indicate in writing, the
applicable Pro Rata Share of each Lender of all payments and prepayments of principal and interest due hereunder, together with all other amounts due with respect thereto, including, without limitation, all fees payable with respect thereto, to the
extent received by Paying Agent. 
 (d) Whenever any payment to be made hereunder shall be stated to be due on a day that is
not a Business Day, such payment shall be made on the next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder or of the commitment fees hereunder. 

(e) Except as set forth in the proviso to Section 2.13(a), Paying Agent shall deem any payment by or on behalf of
Company hereunder to them that is not made in same day funds prior to 12:00 p.m. (New York City time) to be a non-conforming payment. Any such payment shall not be deemed to have been received by Paying Agent
until the later of (i) the time such funds become available funds, and (ii) the applicable next Business Day. Paying Agent shall give prompt notice via electronic mail to Company and Administrative Agent if any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 7.1(a). Interest shall
continue to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to

  
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the next succeeding applicable Business Day) at the Default Interest Rate determined pursuant to Section 2.6 from the date such amount was due and payable until the date such amount
is paid in full. 
 2.14 Ratable Sharing. 

Lenders hereby agree among themselves that, except as otherwise provided in the Collateral Documents with respect to amounts
realized from the exercise of rights with respect to Liens on the Collateral, if any of them shall, whether by voluntary payment (other than a voluntary prepayment of Revolving Loans made and applied in accordance with the terms hereof), through the
exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Credit Documents, or otherwise, or as adequate protection of a deposit
treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents
(collectively, the “Aggregate Amounts Due” to such Lender) which is greater than such Lender would be entitled pursuant to this Agreement, then the Lender receiving such proportionately greater payment shall (a) notify
Administrative Agent, Paying Agent and each Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased from each seller of a participation simultaneously
upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that the recovery of such Aggregate Amounts Due shall be shared by the applicable Lenders in proportion to the Aggregate Amounts Due
to them pursuant to this Agreement; provided, if all or part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Company or otherwise,
those purchases shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Company expressly consents to the foregoing arrangement
and agrees that any holder of a participation so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all monies owing by Company to that holder with respect thereto as fully as if that
holder were owed the amount of the participation held by that holder. 
 2.15 Increased Costs; Capital Adequacy. 

(a) Compensation for Increased Costs and Taxes. Subject to the provisions of Section 2.16 (which shall be
controlling with respect to the matters covered thereby), in the event that any Affected Party shall determine (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any law, treaty or
governmental rule, regulation or order, or any change therein or in the interpretation, administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a
court or Governmental Authority, in each case that becomes effective after the date hereof, or compliance by such Affected Party with any guideline, request or directive issued or made after the date hereof (or with respect to any Lender which
becomes a Lender after the date hereof, effective after such date) by any central bank or other Governmental Authority or quasi-Governmental Authority (whether or not having the force of law):
(i) subjects such Affected Party (or its applicable lending office) to any 

  
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additional Tax (other than an Excluded Tax) with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Affected
Party (or its applicable lending office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve),
special deposit, compulsory loan, FDIC or other insurance or charge or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other
acquisition of funds by, any office of such Affected Party; or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Affected Party (or its applicable lending office) or its obligations hereunder; and
the result of any of the foregoing is to increase the cost to such Affected Party of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Affected Party (or its applicable lending office)
with respect thereto; then, in any such case, if such Affected Party deems such change to be material, Company shall promptly pay to such Affected Party, upon receipt of the statement referred to in the next sentence, such additional amount or
amounts (in the form of an increased rate of, or a different method of calculating, interest or otherwise as such Affected Party in its sole discretion shall determine) as may be necessary to compensate such Affected Party for any such increased
cost or reduction in amounts received or receivable hereunder and any reasonable expenses related thereto. Such Affected Party shall deliver to Company (with a copy to Administrative Agent and Paying Agent) a written statement, setting forth in
reasonable detail the basis for calculating the additional amounts owed to such Affected Party under this Section 2.15(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

(b) Capital Adequacy Adjustment. In the event that any Affected Party shall have determined in its sole discretion
(which determination shall, absent manifest effort, be final and conclusive and binding upon all parties hereto) that (i) the adoption, effectiveness, phase-in or applicability of any law, rule or
regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged with the interpretation or
administration thereof, or (ii) compliance by any Affected Party (or its applicable lending office) or any company controlling such Affected Party with any guideline, request or directive regarding capital adequacy (whether or not having the
force of law) of any such Governmental Authority, central bank or comparable agency, in each case after the Amendment Effective Date, has or would have the effect of reducing the rate of return on the capital of such Affected Party or any company
controlling such Affected Party as a consequence of, or with reference to, such Affected Party’s Loans or Revolving Commitments, or participations therein or other obligations hereunder with respect to the Loans to a level below that which such
Affected Party or such controlling company could have achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the policies of such Affected Party
or such controlling company with regard to capital adequacy), then from time to time, within five (5) Business Days after receipt by Company from such Affected Party of the statement referred to in the next sentence, Company shall pay to such
Affected Party such additional amount or amounts as will compensate such Affected Party or such controlling company on an after-tax basis for such reduction. Such Affected Party shall deliver to Company (with
a copy to Administrative Agent and Paying Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Affected Party 

  
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under this Section 2.15(b), which statement shall be conclusive and binding upon all parties hereto absent manifest error. For the avoidance of doubt, subsections (i) and
(ii) of this Section 2.15 shall apply, without limitation, to all requests, rules, guidelines or directives concerning liquidity and capital adequacy issued by any Governmental Authority (x) under or in connection with the
implementation of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, as amended to the date hereof and from time to time hereafter, and any successor statute and (y) in connection with the implementation of the
recommendations of the Bank for International Settlements or the Basel Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority), regardless of the date adopted, issued, promulgated or implemented. 

(c) Delay in Requests. Failure or delay on the part of any Affected Party to demand compensation pursuant to the
foregoing provisions of this Section 2.15 shall not constitute a waiver of such Affected Party’s right to demand such compensation, provided that Company shall not be required to compensate an Affected Party pursuant to the
foregoing provisions of this Section 2.15 for any increased costs incurred or reductions suffered more than thirty (30) days prior to the date that such Affected Party notifies Company of the matters giving rise to such increased
costs or reductions and of such Affected Party’s intention to claim compensation therefor. 
 Notwithstanding anything
to the contrary in this Section 2.15, with respect to any Affected Party that is not a bank or a broker-dealer, the Company shall not be required to pay any increased costs under this Section 2.15 if the payment of such
increased cost would cause the Company’s all-in cost of borrowing hereunder, for the applicable period to be in excess of the LIBO Rate plus 10%. 

2.16 Taxes; Withholding, etc. 

(a) Payments to Be Free and Clear. Subject to Section 2.16(b), all sums payable by Company hereunder and
under the other Credit Documents shall (except to the extent required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax imposed, levied, collected, withheld or assessed by or within the United States
or any political subdivision in or of the United States or any other jurisdiction from or to which a payment is made by or on behalf of Company or by any federation or organization of which the United States or any such jurisdiction is a member at
the time of payment. 
 (b) Withholding of Taxes. If Company or any other Person is required by law to make any
deduction or withholding on account of any such Tax from any sum paid or payable by Company to an Affected Party under any of the Credit Documents: (i) Company shall notify Paying Agent of any such requirement or any change in any such
requirement as soon as Company becomes aware of it; (ii) Company or the Paying Agent shall make such deduction or withholding and pay any such Tax to the relevant Governmental Authority before the date on which penalties attach thereto, such
payment to be made (if the liability to pay is 

  
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imposed on Company) for its own account or (if that liability is imposed on Paying Agent or such Affected Party, as the case may be) on behalf of and in the name of Paying Agent or such Affected
Party; (iii) if such Tax is an Indemnified Tax, the sum payable by Company in respect of which the relevant deduction, withholding or payment is required shall be increased to the extent necessary to ensure that, after the making of that
deduction, withholding or payment (and any withholdings imposed on additional amounts payable under this paragraph), such Affected Party receives on the due date a net sum equal to what it would have received had no such deduction, withholding or
payment been required or made; and (iv) within thirty (30) days after paying any sum from which it is required by law to make any deduction or withholding, and within thirty (30) days after the due date of payment of any Tax which it
is required by clause (ii) above to pay, Company shall deliver to Paying Agent evidence satisfactory to the other Affected Parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other
authority. 
 (c) Indemnification by Company. Company shall indemnify each Affected Party, within ten (10) days
after demand therefor, for the full amount of any additional amounts required to be paid by Company pursuant to Section 2.16(b), payable or paid by such Affected Party or required to be withheld or deducted from a payment to such
Affected Party and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or
liability delivered to Company by an Affected Party (with a copy to the Paying Agent), or by the Paying Agent on its own behalf or on behalf of an Affected Party, shall be conclusive absent manifest error. 

(d) Evidence of Exemption From U.S. Withholding Tax. 

(i) Each Lender that is not a United States Person (as such term is defined in Section 7701(a)(30) of the
Internal Revenue Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall, to the extent it is legally entitled to do so, deliver to Paying Agent for transmission to Company, on or
prior to the Original Closing Date (in the case of each Lender listed on the signature pages of the Existing Credit Agreement on the Original Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender
(in the case of each other Lender), and at such other times as may be necessary in the determination of Company or Paying Agent (each in the reasonable exercise of its discretion), (A) two original copies of Internal Revenue Service Form W-8BEN, W-8BEN-E or W-8ECI or W-8IMY (with appropriate attachments) (or any successor forms), properly completed and duly executed by such Lender, and such other documentation
required under the Internal Revenue Code and reasonably requested by Company to establish that such Lender is not subject to, or is eligible for a reduction in the rate of, deduction or withholding of United States federal income tax with respect to
any payments to such Lender of principal, interest, fees or other amounts payable under any of the Credit Documents, or (B) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the Internal Revenue
Code and cannot deliver Internal Revenue Service Form W-8IMY or W-8ECI pursuant to clause (A) above and is relying on the so called “portfolio interest exception”, a Certificate Regarding Non-Bank Status together with two original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form), properly
completed and 

  
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duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Company to establish that such Lender is not subject, or is
eligible for a reduction in the rate of, to deduction or withholding of United States federal income tax with respect to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender required to deliver any forms,
certificates or other evidence with respect to United States federal income tax withholding matters pursuant to this Section 2.16(d)(i) or Section 2.16(d)(ii) hereby agrees, from time to time after the initial delivery by
such Lender of such forms, certificates or other evidence, whenever a lapse in time or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver
to Paying Agent for transmission to Company two new original copies of Internal Revenue Service Form W-8BEN, W-8BEN-E, W-8IMY, or
W-8ECI, or, if relying on the “portfolio interest exception”, a Certificate Regarding Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN or W-8BEN-E (or any successor form), as the case may be, properly completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by
Company to confirm or establish that such Lender is not subject to, or is eligible for a reduction in the rate of, deduction or withholding of United States federal income tax with respect to payments to such Lender under the Credit Documents, or
notify Paying Agent and Company of its inability to deliver any such forms, certificates or other evidence. Company shall not be required to pay any additional amount in respect of U.S. Federal withholding taxes to any
Non-US Lender under Section 2.16(b)(iii) if such Lender shall have failed (1) to deliver any forms, certificates or other evidence referred to in this Section 2.16(d)(i) or
Section 2.16(d)(ii), or (2) to notify Paying Agent and Company of its inability to deliver any such forms, certificates or other evidence, as the case may be; provided, if such Lender shall have satisfied the requirements of
the first sentence of this Section 2.16(d)(i) and Section 2.16(d)(ii) on the Original Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable, nothing in this last sentence
of Section 2.16(d)(i) shall relieve Company of its obligation to pay any additional amounts pursuant to this Section 2.16 in the event that, as a result of any change in any applicable law, treaty or governmental rule,
regulation or order, or any change in the interpretation, administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date establishing the fact that such Lender
is not subject to withholding as described herein. 
 (ii) Any Lender that is a U.S. Person shall deliver to
Company and the Paying Agent on or prior to the Original Closing Date or the date on which such Lender becomes a Lender under this Agreement pursuant to an Assignment Agreement (and from time to time thereafter upon the reasonable request of Company
or the Paying Agent), executed originals of IRS Form W-9 certifying that such Lender is a U.S. Person and exempt from U.S. federal backup withholding tax. 

(iii) If a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding Tax
imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those 

  
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contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to Company and the Paying Agent at the time or times reasonably requested by Company or the
Paying Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by Company or the Paying Agent as may be necessary for Company
and the Paying Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to deduct and withhold from such payment. Solely for purposes
of this Section 2.16(d)(iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

2.17 Obligation to Mitigate. 

Each Lender agrees that, as promptly as practicable after the officer of such Lender responsible for administering its
Revolving Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.16, it will, to
the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Credit Extensions through another office of such Lender,
or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the additional amounts which would otherwise be required to be paid to such Lender pursuant to 2.16 would be materially reduced and if, as
determined by such Lender in its sole discretion, the making, issuing, funding or maintaining of such Revolving Commitments or Revolving Loans through such other office or in accordance with such other measures, as the case may be, would not
otherwise adversely affect such Revolving Commitments or Revolving Loans or the interests of such Lender; provided, such Lender will not be obligated to utilize such other office pursuant to this Section 2.17 unless Company agrees
to pay all reasonable and incremental expenses incurred by such Lender as a result of utilizing such other office as described above. A certificate as to the amount of any such expenses payable by Company pursuant to this Section 2.17
(setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Company (with a copy to Administrative Agent) shall be conclusive absent manifest error. 

2.18 Defaulting Lenders. 

Anything contained herein to the contrary notwithstanding, in the event that other than at the direction or request of any
regulatory agency or authority, any Lender defaults (in each case, a “Defaulting Lender”) in its obligation to fund (a “Funding Default”) any Revolving Loan (in each case, a “Defaulted Loan”), then
(a) during any Default Period with respect to such Defaulting Lender, such Defaulting Lender shall be deemed not to be a “Lender” for purposes of voting on any matters (including the granting of any consents or waivers) with respect
to any of the Credit Documents; (b) to the extent permitted by applicable law, until such time as the Default Excess, if any, with respect to such Defaulting Lender shall have been reduced to zero, (i) any voluntary prepayment of the
Revolving Loans shall be applied to the Revolving Loans of other Lenders as if such Defaulting Lender had no Revolving Loans outstanding and the Revolving Exposure of such Defaulting Lender were zero, and (ii) any mandatory prepayment of the
Revolving Loans shall be applied to the Revolving Loans of other 

  
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Lenders (but not to the Revolving Loans of such Defaulting Lender) as if such Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender, it being understood and agreed that
Company shall be entitled to retain any portion of any mandatory prepayment of the Revolving Loans that is not paid to such Defaulting Lender solely as a result of the operation of the provisions of this clause (b); (c) such Defaulting
Lender’s Revolving Commitment and outstanding Revolving Loans shall be excluded for purposes of calculating any Revolving Commitment fee payable to Lenders in respect of any day during any Default Period with respect to such Defaulting Lender,
and such Defaulting Lender shall not be entitled to receive any Revolving Commitment fee pursuant to Section 2.7 with respect to such Defaulting Lender’s Revolving Commitment in respect of any Default Period with respect to such
Defaulting Lender; and (d) the Total Utilization of Revolving Commitments, as at any date of determination shall be calculated as if such Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender. No Revolving Commitment of any
Lender shall be increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.18, performance by Company of its obligations hereunder and the other Credit Documents shall not be excused or otherwise
modified as a result of any Funding Default or the operation of this Section 2.18. The rights and remedies against a Defaulting Lender under this Section 2.18 are in addition to other rights and remedies which Company may
have against such Defaulting Lender with respect to any Funding Default and which Administrative Agent or any Lender may have against such Defaulting Lender with respect to any Funding Default or violation of Section 8.5(c). 

2.19 Removal or Replacement of a Lender. 

Anything contained herein to the contrary notwithstanding, in the event that: (a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to Company that such Lender is entitled to receive payments under Section 2.16, (ii) the circumstances which entitle such Lender to receive
such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within five (5) Business Days after Company’s request for such withdrawal; or (b) (i) any Lender shall become a Defaulting
Lender, (ii) the Default Period for such Defaulting Lender shall remain in effect, and (iii) such Defaulting Lender shall fail to cure the default as a result of which it has become a Defaulting Lender within five (5) Business Days
after Company’s request that it cure such default; or (c) in connection with any proposed amendment, modification, termination, waiver or consent with respect to any of the provisions hereof as contemplated by Section 9.5(b),
the consent of Administrative Agent and Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is
required shall not have been obtained; or (d) (i) any Lender fails to be a creditworthy entity (in terms of its remaining funding obligations under this Agreement and taking into account any guaranty or other credit support of such
Lender’s funding obligations under this Agreement) by March 1, 2014 (a “Non-Creditworthy Lender”) and (ii) no Default or Event of Default shall then exist; then, with respect to
each such Increased-Cost Lender, Defaulting Lender, Non-Consenting Lender or Non-Creditworthy Lender (the “Terminated Lender”), Company may, by giving
written notice to any Terminated Lender of its election to do so, elect to cause such Terminated Lender (and such Terminated Lender and, if applicable, each other such Lender hereby irrevocably agrees) to assign its outstanding Revolving Loans and
its Revolving Commitments, if any, in full to one or more Eligible Assignees identified by Company (each a “Replacement Lender”) in accordance with the provisions of Section 9.6; provided, (1) on the date of
such assignment, the Replacement Lender shall pay to the 

  
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Terminated Lender and, if applicable, such other Lenders, an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest on, all outstanding Revolving Loans
of the Terminated Lender and, if applicable, such other Lenders, and (B) an amount equal to all accrued, but theretofore unpaid fees owing to such Terminated Lender and, if applicable, such other Lenders, pursuant to Section 2.7;
(2) on the date of such assignment, Company shall pay any amounts payable to such Terminated Lender and, if applicable, such other Lenders pursuant to Section 2.16 and any other amounts due to such Terminated Lender and, if
applicable, such other Lenders; and (3) in the event such Terminated Lender is an Increased-Cost Lender, such assignment will result in a reduction in any claims for payments under Section 2.16, as applicable, and (4) in the
event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was a Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated Lender and, if applicable, such other Lenders and the termination of such Terminated Lender’s Revolving Commitments and, if
applicable, the Revolving Commitments of such other Lenders, such Terminated Lender and, if applicable, such other Lenders shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender
and, if applicable, such other Lenders to indemnification hereunder shall survive as to such Terminated Lender and such other Lenders. 

2.20 The Paying Agent. 

(a) The Lenders hereby appoint Deutsche Bank Trust Company Americas as the initial Paying Agent. All payments of amounts due
and payable in respect of the Obligations that are to be made from amounts withdrawn from the Collection Account pursuant to Section 2.12 shall be made by the Paying Agent based on the Monthly Servicing Report. 

(b) The Paying Agent hereby agrees that, subject to the provisions of this Section, it shall: 

(i) hold any sums held by it for the payment of amounts due with respect to the Obligations in trust for the
benefit of the Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided and pay such sums to such Persons as herein provided; 

(ii) give the Administrative Agent and each Lender notice of any default by the Company in the making of any
payment required to be made with respect to the Obligations of which it has actual knowledge; 
 (iii) comply
with all requirements of the Internal Revenue Code and any applicable State law with respect to the withholding from any payments made by it in respect of any Obligations of any applicable withholding taxes imposed thereon and with respect to any
applicable reporting requirements in connection therewith; and 
 (iv) provide to the Agents such information
as is required to be delivered under the Internal Revenue Code or any State law applicable to the particular Paying Agent, relating to payments made by the Paying Agent under this Agreement. 

  
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 (d) Each Paying Agent (other than the initial Paying Agent) shall be appointed by
the Lenders with the prior written consent of the Company. 
 (e) The Company shall indemnify the Paying Agent and its
officers, directors, employees and agents for, and hold them harmless against any loss, liability or expense incurred, other than in connection with the willful misconduct, fraud, gross negligence or bad faith on the part of the Paying Agent,
arising out of or in connection with the performance of its obligations under and in accordance with this Agreement, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance
of any of its powers or duties under this Agreement. All such amounts shall be payable in accordance with Section 2.12 and such indemnity shall survive the termination of this Agreement and the resignation or removal of the Paying Agent.

 (f) The Paying Agent undertakes to perform such duties, and only such duties, as are expressly set forth in this
Agreement. No implied covenants or obligations shall be read into this Agreement against the Paying Agent. The Paying Agent may conclusively rely on the truth of the statements and the correctness of the opinions expressed in any certificates or
opinions furnished to the Paying Agent pursuant to and conforming to the requirements of this Agreement. 
 (g) The Paying
Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the direction or request of Requisite Lenders or the Administrative Agent, or (ii) in the absence of its own gross negligence or willful
misconduct as determined by a court of competent jurisdiction, no longer subject to appeal or review. 
 (h) The Paying
Agent shall not be charged with knowledge of any Default or Event of Default unless an authorized officer of the Paying Agent obtains actual knowledge of such event or the Paying Agent receives written notice of such event from the Company, the
Servicer, any Secured Party or any Agent, as the case may be. The receipt and/or delivery of reports and other information under this Agreement by the Paying Agent shall not constitute notice or actual or constructive knowledge of any Default or
Event of Default contained therein. 
 (i) The Paying Agent shall not be required to expend or risk its own funds or
otherwise incur financial liability in the performance of any of its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that the repayment of such funds or adequate indemnity
against such risk or liability shall not be reasonably assured to it, and none of the provisions contained in this Agreement shall in any event require the Paying Agent to perform, or be responsible for the manner of performance of, any of the
obligations of the Company under this Agreement. 
 (j) The Paying Agent may rely and shall be protected in acting or
refraining from acting upon any resolution, certificate of an Authorized Officer, any Monthly Servicing Report, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal,
bond or other paper or document reasonably believed by it to be genuine and to have been signed or presented by the proper party or parties. 

  
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 (k) The Paying Agent may consult with counsel of its choice with regard to legal
questions arising out of or in connection with this Agreement and the advice or opinion of such counsel, selected with due care, shall be full and complete authorization and protection in respect of any action taken, omitted or suffered by the
Paying Agent in good faith and in accordance therewith. 
 (l) The Paying Agent shall be under no obligation to exercise any
of the rights, powers or remedies vested in it by this Agreement or to institute, conduct or defend any litigation under this Agreement or in relation to this Agreement, at the request, order or direction of the Administrative Agent, any Lender or
any Agent pursuant to the provisions of this Agreement, unless the Administrative Agent, on behalf of the Secured Parties, such Lender or such Agent shall have offered to the Paying Agent security or indemnity satisfactory to it against the costs,
expenses and liabilities that may be incurred therein or thereby. 
 (m) Except as otherwise expressly set forth in
Section 2.21, the Paying Agent shall not be bound to make any investigation into the facts of matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other
paper or document, unless requested in writing so to do by a Lender or the Administrative Agent; provided, that if the payment within a reasonable time to the Paying Agent of the costs, expenses or liabilities likely to be incurred by it in the
making of such investigation shall be, in the opinion of the Paying Agent, not reasonably assured by the Company, the Paying Agent may require reasonable indemnity against such cost, expense or liability as a condition to so proceeding. The
reasonable expense of every such examination shall be paid by the Company or, if paid by the Paying Agent, shall be reimbursed by the Company to the extent of funds available therefor pursuant to Section 2.12. 

(n) The Paying Agent shall not be responsible for the acts or omissions of the Administrative Agent, the Company, the
Servicer, any Agent, any Lender or any other Person. 
 (o) Any Person into which the Paying Agent may be merged or
converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which to Paying Agent shall be a party, or any Person succeeding to the business of the Paying Agent, shall be the successor of
the Paying Agent under this Agreement, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. 

(p) The Paying Agent does not assume and shall have no responsibility for, and makes no representation as to, monitoring the
value of any Collateral. 
 (q) If the Paying Agent shall at any time receive conflicting instructions from the
Administrative Agent and the Company or the Servicer or any other party to this Agreement and the conflict between such instructions cannot be resolved by reference to the terms of this Agreement, the Paying Agent shall be entitled to rely on the
instructions of the Administrative Agent. The Paying Agent may rely upon the validity of documents delivered to it, without investigation as to their authenticity or legal effectiveness, and the parties to this Agreement will hold the Paying Agent
harmless from any claims that may arise or be asserted against the Paying Agent because of the invalidity of any such documents or their failure to fulfill their intended purpose. 

  
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 (r) The Paying Agent is authorized, in its sole discretion, to disregard any and
all notices or instructions given by any other party hereto or by any other person, firm or corporation, except only such notices or instructions as are herein provided for and orders or process of any court entered or issued with or without
jurisdiction. If any property subject hereto is at any time attached, garnished or levied upon under any court order or in case the payment, assignment, transfer, conveyance or delivery of any such property shall be stayed or enjoined by any court
order, or in case any order, judgment or decree shall be made or entered by any court affecting such property or any part hereof, then and in any of such events the Paying Agent is authorized, in its sole discretion, to rely upon and comply with any
such order, writ, judgment or decree, and if it complies with any such order, writ, judgment or decree it shall not be liable to any other party hereto or to any other person, firm or corporation by reason of such compliance even though such order,
writ, judgment or decree maybe subsequently reversed, modified, annulled, set aside or vacated. 
 (s) The Paying Agent may:
(i) terminate its obligations as Paying Agent under this Agreement (subject to the terms set forth herein) upon at least 30 days’ prior written notice to the Company, the Servicer and the Administrative Agent; provided, however, that,
without the consent of the Administrative Agent, such resignation shall not be effective until a successor Paying Agent reasonably acceptable to the Administrative Agent and Company shall have accepted appointment by the Lenders as Paying Agent,
pursuant hereto and shall have agreed to be bound by the terms of this Agreement; or (ii) be removed at any time by written demand, of the Requisite Lenders, delivered to the Paying Agent, the Company and the Servicer. In the event of such
termination or removal, the Lenders with the consent of the Company shall appoint a successor paying. If, however, a successor paying agent is not appointed by the Lenders within ninety (90) days after the giving of notice of resignation, the
Paying Agent may petition a court of competent jurisdiction for the appointment of a successor Paying Agent. 
 (t) Any
successor Paying Agent appointed pursuant hereto shall (i) execute, acknowledge, and deliver to the Company, the Servicer, the Administrative Agent, and to the predecessor Paying Agent an instrument accepting such appointment under this
Agreement. Thereupon, the resignation or removal of the predecessor Paying Agent shall become effective and such successor Paying Agent, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties, and
obligations of its predecessor as Paying Agent under this Agreement, with like effect as if originally named as Paying Agent. The predecessor Paying Agent shall upon payment of its fees and expenses deliver to the successor Paying Agent all
documents and statements and monies held by it under this Agreement; and the Company and the predecessor Paying Agent shall execute and deliver such instruments and do such other things as may reasonably be requested for fully and certainly vesting
and confirming in the successor Paying Agent all such rights, powers, duties, and obligations. 
 (u) The Company shall
reimburse the Paying Agent for the reasonable out-of-pocket expenses of the Paying Agent incurred in connection with the succession of any successor Paying Agent including in transferring any funds in its possession to the successor Paying Agent.

  
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 (v) The Paying Agent shall have no obligation to invest and reinvest any cash
held in the Controlled Accounts or any other moneys held by the Paying Agent pursuant to this Agreement in the absence of timely and specific written investment direction from Company. In no event shall the Paying Agent be liable for the selection
of investments or for investment losses incurred thereon. The Paying Agent shall have no liability in respect of losses incurred as a result of the liquidation of any investment prior to its stated maturity or the failure of the Company to provide
timely written investment direction. 
 (w) If the Paying Agent shall be uncertain as to its duties or rights hereunder or
shall receive instructions from any of the parties hereto pursuant to this Agreement which, in the reasonable opinion of the Paying Agent, are in conflict with any of the provisions of this Agreement, the Paying Agent shall be entitled (without
incurring any liability therefor to the Company or any other Person) to (i) consult with outside counsel of its choosing and act or refrain from acting based on the advice of such counsel and (ii) refrain from taking any action until it
shall be directed otherwise in writing by all of the parties hereto or by final order of a court of competent jurisdiction. 

(x) The Paying Agent shall incur no liability nor be responsible to Company or any other Person for delays or failures in
performance resulting from acts beyond its control that significantly and adversely affect the Paying Agent’s ability to perform with respect to this Agreement. Such acts shall include, but not be limited to, acts of God, strikes, work
stoppages, acts of terrorism, civil or military disturbances, nuclear or natural catastrophes, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility. 

(y) The Paying Agent may execute any of its powers hereunder or perform any duties hereunder either directly or by or through
agents or attorneys and the Paying Agent shall not be responsible for any misconduct or negligence on the part of or for the supervision of any agent or attorney appointed with due care by it hereunder. 

(z) The Lenders hereby authorize and direct the Paying Agent, Collateral Agent and the Custodian, as applicable, to execute
and deliver the Credit Document Amendments. 
 2.21 Duties of Paying Agent. 

(a) Borrowing Base Reports. Upon receipt of any Borrowing Base Report and the related Borrowing Base Certificate
delivered pursuant to Section 2.1(c)(ii), Section 2.11(c)(vii)(B) or Section 2.11(c)(vii)(C), Paying Agent shall, on the Business Day following receipt of such Borrowing Base Report, to the extent that Paying
Agent has access to all information necessary to perform the duties set forth herein: 
 (i) compare the
beginning Eligible Portfolio Outstanding Principal Balance set forth in such Borrowing Base Report with the aggregate Outstanding Principal Balance of the Eligible Receivables listed in the Master Record and identify any discrepancy; 

  
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 (ii) compare the number of Pledged Receivables listed in the
Master Record with the number of Pledged Receivables provided to the Paying Agent by the Servicer pursuant to Section 4.3 of the Custodial Agreement as the number of Pledged Receivables for which the Custodian holds a Receivables File pursuant
to the Custodial Agreement and identify any discrepancy; 
 (iii) confirm that each Pledged Receivable listed
in the Master Record has a unique loan identification number; 
 (iv) compare the amount set forth in such
Borrowing Base Report as the amount on deposit in the Collection Account with the amount shown on deposit in the Collection Account and identify any discrepancy; 

(v) in the case of a Borrowing Base Report delivered pursuant to Section 2.11(c)(vii)(B) or
Section 2.11(c)(vii)(C), recalculate the amount set forth in such Borrowing Base Report as the amount that will be on deposit in the Collection Account after giving effect to the related repayment of Loans or the related purchase of
Eligible Receivables set forth therein and identify any discrepancy; 
 (vi) confirm that the Accrued
Interest Amount and an estimate of accrued fees as of the date of repayment or the Transfer Date, as the case may be, multiplied by 105%, is the amount set forth in such Borrowing Base Request as 105% of the estimated amount of accrued interest and
fees and identify any discrepancy; 
 (vii) recalculate the Revolving Availability based on the Borrowing
Base set forth in such Borrowing Base Report and the Total Utilization of Revolving Commitments set forth in the Paying Agent’s records and identify any discrepancies; 

(viii) in the case of a Borrowing Base Report delivered pursuant to Section 3.3(a)(i),
(A) confirm that the Revolving Loans requested in the related Funding Request are not greater than the Revolving Availability and (B) confirm that, after giving effect to such Revolving Loans, the Total Utilization of Revolving Loans will
not exceed the Revolving Commitment; and 
 (ix) notify the Lenders of the results of such review. 

(b) Monthly Servicing Reports. Upon receipt of any Monthly Servicing Report delivered pursuant to
Section 5.1(e), Paying Agent shall, to the extent that Paying Agent has access to all information necessary to perform the duties set forth herein: 

(i) compare the Eligible Portfolio Outstanding Principal Balance set forth therein with the aggregate
Outstanding Principal Balance of the Eligible Receivables listed in the Master Record and identify any discrepancy; 

(ii) confirm the aggregate repayments of Revolving Loans during the period covered by the Monthly Servicing
Report set forth therein with the Borrowing Base Reports delivered to Paying Agent pursuant to Section 2.11(c)(vii)(B) during such period and identify any discrepancies; 

  
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 (iii) compare the amount set forth therein as the amount on
deposit in the Collection Account with the amount shown on deposit in the Collection Account and identify any discrepancy; 

(iv) compare the amount of accrued and unpaid interest and unused fees payable to the Revolving Lenders set
forth therein to the amounts set forth in the related invoices received by Paying Agent and identify any discrepancies; 

(v) compare the amount of Servicing Fees payable to the Servicer set forth therein to the amount set forth in
the related invoice received by Paying Agent and identify any discrepancy; 
 (vi) compare the amount of
Backup Servicing Fees and expenses payable to the Backup Servicer set forth therein to the amounts set forth in the related invoice received by Paying Agent and identify any discrepancy; 

(vii) compare the amount of fees and expenses payable to the Custodian set forth therein to the amounts set
forth in the related invoice received by Paying Agent and identify any discrepancy; 
 (viii) compare the
amount of fees and expenses payable to the Collateral Agent set forth therein to the amounts set forth in the related invoice received by Paying Agent and identify any discrepancy; 

(ix) compare the amount of fees and expenses payable to the Paying Agent set forth therein to the amounts set
forth in the related invoice submitted by Paying Agent and identify any discrepancy; 
 (x) recalculate the
Revolving Availability based on the Borrowing Base set forth therein and the Total Utilization of Revolving Commitments set forth in the Paying Agent’s records and identify any discrepancies; and 

(xi) notify the Lenders of the results of such review. 

(c) The Paying Agent shall maintain the List of Direct Competitors described in clause (a) of the definition of
“Direct Competitor”, and upon receipt of any update to such list as described in such definition, the Paying Agent shall promptly notify the Administrative Agent and each Lender of such update (and thereafter the Paying Agent shall
maintain the List of Direct Competitors as so updated). 
 (d) For the avoidance of doubt, Paying Agent’s sole
responsibility with respect to the obligations set forth in Sections 2.21(a) and (b) is to compare or confirm information in the Borrowing Base Report or Monthly Servicing Report, as applicable, in accordance with
Section 2.21 based on the information indicated therein received by Paying Agent from Company, the Servicer or the Custodian, as the case may be. Paying Agent’s sole responsibility with respect to the obligations set forth in
Section 2.21(c) is to maintain and provide notice of updates to the list described therein as required by the terms of such Section. 

  
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 2.22 Collateral Agent. 

(a) The Collateral Agent shall be entitled to the same rights, protections, indemnities and immunities as the Paying Agent
hereunder. 
 (b) In addition to Section 2.22(a), the Collateral Agent shall be entitled to the following
additional protections: 
 (i) The Collateral Agent shall have no duty (A) to see to any recording,
filing, or depositing of this Agreement or any agreement referred to herein or any financing statement or continuation statement evidencing a security interest, or to see to the maintenance of any such recording or filing or depositing or to any
rerecording, re-filing or re-depositing of any thereof, (B) to see to any insurance, or (C) to see to the payment or discharge of any tax, assessment, or other governmental charge or any lien or encumbrance of any kind owing with respect
to, assessed or levied against, any part of the Collateral; 
 (ii) The Collateral Agent shall be authorized
to, but shall not be responsible for, filing any financing or continuation statements or recording any documents or instruments in any public office at any time or times or otherwise perfecting any security interest in the Collateral. It is
expressly agreed, to the maximum extent permitted by applicable law, that the Collateral Agent shall have no responsibility for (A) monitoring the perfection, continuation of perfection or the sufficiency or validity of any security interest in
or related to the Collateral, (B) taking any necessary steps to preserve rights against any Person with respect to any Collateral, or (C) taking any action to protect against any diminution in value of the Collateral; 

(iii) The Collateral Agent shall be fully justified in failing or refusing to take any action under this
Agreement and any other Credit Document or Credit Document Amendment (A) if such action would, in the reasonable opinion of the Collateral Agent, in good faith (which may be based on the advice or opinion of counsel), be contrary to applicable
law, this Agreement or any other Credit Document or Credit Document Amendment, (B) if such action is not provided for in this Agreement or any other Credit Document or Credit Document Amendment, (C) if, in connection with the taking of any
such action hereunder, under any other Credit Document or Credit Document Amendment that would constitute an exercise of remedies, it shall not first be indemnified to its satisfaction by the Administrative Agent and/or the Lenders against any and
all risk of nonpayment, liability and expense that may be incurred by it, its agents or its counsel by reason of taking or continuing to take any such action, or (D) if the Collateral Agent would be required to make payments on behalf of the
Lenders pursuant to its obligations as Collateral Agent hereunder, it does not first receive from the Lenders sufficient funds for such payment; 

(iv) The Collateral Agent shall not be required to take any action under this or any other Credit Document or
Credit Document Amendment if taking such action (A) would subject the Collateral Agent to a tax in any jurisdiction where it is not then subject to a tax, or (B) would require the Collateral Agent to qualify to do business in any
jurisdiction where it is not then so qualified; 

  
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 (v) Neither the Collateral Agent nor its respective officers,
directors, employees or agents shall be liable for failure to demand, collect or realize upon any of the Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of the
Administrative Agent or the Lenders, or to take any other action whatsoever with regard to the Collateral or any part thereof. The powers conferred on the Collateral Agent hereunder are solely to protect the Collateral Agent’s and the
Lenders’ interests in the Collateral and shall not impose any duty upon the Collateral Agent to exercise any such powers. The Collateral Agent shall be accountable only for amounts that it actually receives as a result of the exercise of such
powers, and neither it nor any of its officers, directors, employees or agents shall be responsible to the Administrative Agent or the Lenders for any act or failure to act hereunder, except for its own gross negligence or willful misconduct. 

2.23 Intention of Parties. 

It is the intention of the parties that the Revolving Loans be characterized as indebtedness for federal income tax purposes.
The terms of the Revolving Loans shall be interpreted to further this intention and neither the Lenders nor Company will take an inconsistent position on any federal, state or local tax return. 

SECTION 3. CONDITIONS PRECEDENT 

3.1 Conditions Precedent to Effectiveness of the Existing Credit Agreement. The Existing Credit Agreement became
effective on the Original Closing Date subject to the satisfaction of the conditions precedent set forth in Section 3.1 of the Existing Credit Agreement. 

3.2 Conditions Precedent to Effectiveness of the Amended and Restated Credit Agreement. The amendment and restatement
of the Existing Credit Agreement provided for hereby shall become effective on the Amendment Effective Date subject to the satisfaction, or waiver in accordance with Section 9.5, of the following conditions on or before the Amendment
Effective Date: 
 (a) Credit Documents and Related Agreements. The Administrative Agent, the Paying Agent and the
Collateral Agent shall have each received copies of this Agreement, the Asset Purchase Agreement, the Servicing Agreement, the Undertakings Agreement, Amendment No. 1 to the Security Agreement and Amendment No. 2 to the Custodial Agreement
(collectively, the “Credit Document Amendments”), originally executed and delivered by each applicable Person. 

(b) Organizational Documents; Incumbency. The Administrative Agent shall have received (i) copies of each
Organizational Document executed and delivered by Company and Holdings, as applicable, and, to the extent applicable, (x) certified as of the Amendment Effective Date or a recent date prior thereto by the appropriate governmental official and
(y)

  
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certified by its secretary or an assistant secretary as of the Amendment Effective Date, in each case as being in full force and effect without modification or amendment; (ii) signature and
incumbency certificates of the officers of such Person executing the Credit Document Amendments to which it is a party; (iii) resolutions of the Board of Directors or similar governing body of each of Company and Holdings approving and
authorizing the execution, delivery and performance of this Agreement and the other Credit Document Amendments to which it is a party or by which it or its assets may be bound as of the Amendment Effective Date, certified as of the Amendment
Effective Date by its secretary or an assistant secretary as being in full force and effect without modification or amendment; (iv) a good standing certificate from the applicable Governmental Authority of each of Company and Holdings’
jurisdiction of incorporation, organization or formation and, with respect to Company, in each jurisdiction in which it is qualified as a foreign corporation or other entity to do business, each dated a recent date prior to the Amendment Effective
Date; and (v) such other documents as the Administrative Agent may reasonably request. 
 (c) Organizational and
Capital Structure. The organizational structure and capital structure of Company shall be as set forth on Schedule 4.2. 

(d) Transaction Costs. On or prior to the Amendment Effective Date, Company shall have delivered to Administrative
Agent, Company’s reasonable best estimate of the Transaction Costs (other than fees payable to any Agent). 
 (e)
Governmental Authorizations and Consents. Company and Holdings shall have obtained all Governmental Authorizations and all consents of other Persons, in each case that are necessary or advisable to be obtained by them, in connection with
the transactions contemplated by the Credit Documents and each of the foregoing shall be in full force and effect and in form and substance reasonably satisfactory to the Administrative Agent. All applicable waiting periods shall have expired
without any action being taken or threatened by any competent authority which would restrain, prevent or otherwise impose adverse conditions on the transactions contemplated by the Credit Documents or the financing thereof and no action, request for
stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any applicable agency to take action to set aside its consent on its own motion shall have expired. 

(f) Financial Plan. The Administrative Agent shall have received from Company the Financial Plan for Fiscal Year 2014
and each Fiscal Year through the final maturity date for the Revolving Loans. 
 (g) Opinions of Counsel to Company and
Holdings. The Administrative Agent and counsel to Administrative Agent shall have received originally executed copies of the favorable written opinions of DLA Piper (US) LLP, counsel for Company and Holdings, as to such other matters as the
Administrative Agent may reasonably request, dated as of the Amendment Effective Date and otherwise in form and substance reasonably satisfactory to the Administrative Agent (and Company hereby instructs, and Holdings shall instruct, such counsel to
deliver such opinions to Agents and Lenders). 

  
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 (h) Amendment Effective Date Certificate. Holdings and Company shall have
delivered to the Administrative Agent an originally executed Amendment Effective Date Certificate, together with all attachments thereto. 

(i) No Litigation. There shall not exist any action, suit, investigation, litigation or proceeding or other legal or
regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable discretion of the Administrative Agent, singly or in the aggregate, materially impairs any of the transactions
contemplated by the Credit Documents or that would reasonably be expected to result in a Material Adverse Effect. 
 (j)
No Material Adverse Change. Since December 31, 2013, no event, circumstance or change shall have occurred that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect. 

(k) No Default or Event of Default. No Default, Event of Default or Servicer Default shall have occurred and be
continuing. 
 (l) Completion of Proceedings. All partnership, corporate and other proceedings taken or to be taken
in connection with the transactions contemplated hereby and all documents incidental thereto shall be satisfactory in form and substance to the Administrative Agent and counsel to Administrative Agent, and the Administrative Agent, and counsel to
Administrative Agent shall have received all such counterpart originals or certified copies of such documents as they may reasonably request. 

The Administrative Agent and each Lender, by delivering its signature page to this Agreement, shall be deemed to have
acknowledged receipt of, and consented to and approved, each Credit Document and Credit Document Amendment and each other document required to be approved by the Administrative Agent, Requisite Lenders or Lenders, as applicable on the Amendment
Effective Date. 
 3.3 Conditions to Each Credit Extension. 

(a) Conditions Precedent. The obligation of each Lender to make any Revolving Loan on any Credit Date is subject to the
satisfaction, or waiver in accordance with Section 9.5, of the following conditions precedent: 

(i) Administrative Agent, Paying Agent and Custodian shall have received a fully executed and delivered Funding
Notice together with a Borrowing Base Certificate, evidencing sufficient Revolving Availability with respect to the requested Revolving Loans, and a Borrowing Base Report; 

(ii) both before and after making any Revolving Loans requested on such Credit Date, the Total Utilization of
Revolving Commitments shall not exceed the Borrowing Base; 

  
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 (iii) as of such Credit Date, the representations and warranties
contained herein and in the other Credit Documents shall be true and correct in all material respects on and as of that Credit Date to the same extent as though made on and as of that date, other than those representations and warranties which are
qualified by materiality, in which case, such representation and warranty shall be true and correct in all respects on and as of that Credit Date, except, in each case, to the extent such representations and warranties specifically relate to an
earlier date, in which case such representations and warranties shall have been true and correct in all material respects, or true and correct in all respects, as the case may be on and as of such earlier date, provided, that the
representations and warranties in any Original Borrowing Base Certificate shall be excluded from the certification in this Section 3.3(a)(iii) to the extent a Replacement Borrowing Base Certificate has been delivered in substitute
thereof in accordance with Section 2.1(c)(ii); 
 (iv) as of such Credit Date, no event shall
have occurred and be continuing or would result from the consummation of the applicable Credit Extension that would constitute an Event of Default or a Default; 

(v) the Administrative Agent and Paying Agent shall have received the Borrowing Base Report for the Business
Day prior to the Credit Date which shall be delivered on a pro forma basis for the first Credit Date hereunder; 

(vi) as of such Credit Date, no Key Person Event shall have occurred; and 

(vii) in accordance with the terms of the Custodial Agreement, Company has delivered, or caused to be delivered
to the Custodian, all original or authoritative copies of all agreements related to each Receivable, including all applicable Receivable Agreements (including any counterparts) that are, on such Credit Date, being transferred and delivered to
Company pursuant to the Asset Purchase Agreement, and the Collateral Agent has received a Collateral Receipt and Exception Report from the Custodian, which Collateral Receipt and Exception Report is acceptable to the Collateral Agent in its
Permitted Discretion. 
 Any Agent or Requisite Lenders shall be entitled, but not obligated to, request and receive, prior to the making of
any Credit Extension, additional information reasonably satisfactory to the requesting party confirming the satisfaction of any of the foregoing if, in the Permitted Discretion of such Agent or Requisite Lenders such request is warranted under the
circumstances. 
 Notwithstanding anything contained herein to the contrary, neither the Paying Agent nor the Collateral Agent shall be
responsible or liable for determining whether any conditions precedent to making a Loan have been satisfied. 
 (b)
Notices. Any Funding Notice shall be executed by an Authorized Officer in a writing delivered to Administrative Agent and Paying Agent. In lieu of delivering a Notice, Company may give Administrative Agent and Paying Agent telephonic notice
by the required 

  
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time of any proposed borrowing or conversion/continuation, as the case may be; provided each such notice shall be promptly confirmed in writing by delivery of the applicable Notice to
Administrative Agent and Paying Agent before the applicable date of borrowing. None of the Administrative Agent, Paying Agent or any Lender shall incur any liability to Company in acting upon any telephonic notice referred to above that
Administrative Agent or Paying Agent, as applicable, believes in good faith to have been given by a duly Authorized Officer or other person authorized on behalf of Company or for otherwise acting in good faith. 

SECTION 4. REPRESENTATIONS AND WARRANTIES 

In order to induce Agents and Lenders to enter into this Agreement and to make each Credit Extension to be made thereby,
Company represents and warrants to each Agent and Lender that each and every of its representations and warranties contained in the Existing Credit Agreement was true and correct as of the Original Closing Date and each Credit Date prior to the
Amendment Effective Date (excluding any representation and warranty contained in Section 4.7 breached by Company as a result of the breach by Holdings of a representation and warranty contained in Part 1 of Schedule A to the Asset
Purchase Agreement if Holdings shall have (or will, if requested in accordance with Section 3.01(b) of the Asset Purchase Agreement) satisfied its obligations in respect of such breach under Section 3.01(b) of the Asset Purchase
Agreement), and on the Amendment Effective Date, each Credit Date after the Amendment Effective Date and on each Transfer Date, that the following statements are true and correct: 

4.1 Organization; Requisite Power and Authority; Qualification; Other Names. 

Company (a) is duly organized or formed, validly existing and in good standing under the laws of its jurisdiction of
organization or formation as identified in Schedule 4.1, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now conducted and as proposed to be conducted, to enter into the Credit
Documents to which it is a party and to carry out the transactions contemplated thereby, and (c) is qualified to do business and in good standing in every jurisdiction where its assets are located and wherever necessary to carry out its
business and operations, except in jurisdictions where the failure to be so qualified or in good standing has not had, and would not reasonably be expected to result in a Material Adverse Effect. Company does not operate or do business under any
assumed, trade or fictitious name. Company has no Subsidiaries. 
 4.2 Capital Stock and Ownership. 

The Capital Stock of Company has been duly authorized and validly issued and is fully paid and
non-assessable. As of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Company is a party requiring, and there is no membership interest or other
Capital Stock of Company outstanding which upon conversion or exchange would require, the issuance by Company of any additional membership interests or other Capital Stock of Company or other Securities convertible into, exchangeable for or
evidencing the right to subscribe for or purchase, a membership interest or other Capital Stock of Company. 

  
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 4.3 Due Authorization. 

The execution, delivery and performance of the Credit Documents to which Company is a party have been duly authorized by all
necessary action of Company. 
 4.4 No Conflict. 

The execution, delivery and performance by Company of the Credit Documents to which it is party and the consummation of the
transactions contemplated by the Credit Documents do not and will not (a) violate in any material respect any provision of any law or any governmental rule or regulation applicable to Company, any of the Organizational Documents of Company, or
any order, judgment or decree of any court or other Governmental Authority binding on Company; (b) conflict with, result in a breach of or constitute (with due notice or lapse of time or both) a default under any Contractual Obligation of
Company; (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of Company (other than any Permitted Liens); or (d) require any approval of stockholders, members or partners or any approval or
consent of any Person under any Contractual Obligation of Company, except for such approvals or consents which have been obtained. 

4.5 Governmental Consents. 

The execution, delivery and performance by Company of the Credit Documents to which Company is a party and the consummation of
the transactions contemplated by the Credit Documents do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority except for filings and recordings with respect
to the Collateral to be made, or otherwise delivered to Collateral Agent for filing and/or recordation, as of the Original Closing Date other than (a) those that have already been obtained and are in full force and effect, or (b) any
consents or approvals the failure of which to obtain will not have a Material Adverse Effect. 
 4.6 Binding Obligation.

 Each Credit Document to which Company is a party has been duly executed and delivered by Company and is the legally
valid and binding obligation of Company, enforceable against Company in accordance with its respective terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’
rights generally or by equitable principles relating to enforceability. 
 4.7 Eligible Receivables. 

Each Receivable that is identified by Company as an Eligible Receivable in a Borrowing Base Certificate satisfies all of the
criteria set forth in the definition of Eligibility Criteria (other than any Receivable identified as an Eligible Receivable in any Original Borrowing Base Certificate to the extent a Replacement Borrowing Base Certificate has been delivered in
substitute thereof in accordance with Section 2.1(c)(ii)). 
 4.8 Historical Financial Statements. 

The Historical Financial Statements and any financial statements delivered to the Agents and the Lenders pursuant
Section 5.1(b) or (c) after the Amendment Effective Date were 

  
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prepared in conformity with GAAP and fairly present, in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the
respective dates thereof and the results of operations and cash flows, on a consolidated basis, of the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes
resulting from audit and normal year-end adjustments. 
 4.9 Financial Plan.

 On and as of the Amendment Effective Date, the projections set forth in the Financial Plan delivered prior to the
Amendment Effective Date are based on good faith estimates and assumptions made by the management of Holdings; provided, the projections are not to be viewed as facts and that actual results during the period or periods covered by the projections
may differ from such projections and that the differences may be material; provided further, as of the Amendment Effective Date, the management of Holdings believed that the projections were reasonable and attainable. 

4.10 No Material Adverse Effect. 

Since December 31, 2013, no event, circumstance or change has occurred that has caused or evidences, either in any case or
in the aggregate, a Material Adverse Effect. 
 4.11 Adverse Proceedings, etc. 

There are no Adverse Proceedings (other than counter claims relating to ordinary course collection actions by or on behalf of
Company) pending against Company that challenges Company’s right or power to enter into or perform any of its obligations under the Credit Documents to which it is a party or that individually or in the aggregate are material to
Company. Company is not (a) in violation of any applicable laws in any material respect, or (b) subject to or in default with respect to any judgments, writs, injunctions, decrees, rules or regulations of any court or any federal,
state, municipal or other Governmental Authority. 
 4.12 Payment of Taxes. 

Except as otherwise permitted under Section 5.3, all material tax returns and reports of Company required to be
filed by it have been timely filed, and all material taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Company and upon its properties, assets, income, businesses and franchises which
are due and payable have been paid when due and payable except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves have been provided in accordance with GAAP. Company knows of
no proposed tax assessment against Company which is not being actively contested by Company in good faith and by appropriate proceedings; provided, such reserves or other appropriate provisions, if any, as shall be required in conformity with
GAAP shall have been made or provided therefor. 
 4.13 Title to Assets. 

Company has no fee, leasehold or other property interests in any real property assets. Company has good and valid title to all
of its assets reflected in the most recent financial 

  
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statements delivered pursuant to Section 5.1. Except as permitted by this Agreement, all such properties and assets are free and clear of Liens, other than Permitted Liens. All Liens
purported to be created in any Collateral pursuant to any Collateral Document in favor of Collateral Agent are First Priority Liens. 

4.14 No Indebtedness. 

Company has no Indebtedness, other than Indebtedness incurred under (or contemplated by) the terms of this Agreement or
otherwise permitted hereunder. 
 4.15 No Defaults. 

Company is not in default in the performance, observance or fulfillment of any of the obligations, covenants or conditions
contained in any of its Contractual Obligations, and no condition exists which, with the giving of notice or the lapse of time or both, could constitute such a default, except where the consequences, direct or indirect, of such default or defaults,
if any, would not reasonably be expected to result in a Material Adverse Effect. 
 4.16 Material Contracts. 

Company is not a party to any Material Contracts. 

4.17 Government Contracts. 

Company is not a party to any contract or agreement with any Governmental Authority, and the Pledged Receivables are not
subject to the Federal Assignment of Claims Act (31 U.S.C. Section 3727) or any similar state or local law. 
 4.18
Governmental Regulation. 
 Company is not subject to regulation under the Public Utility Holding Company Act of 2005,
the Federal Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations
unenforceable. Company is not a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as
such terms are defined in the Investment Company Act of 1940. 
 4.19 Margin Stock. 

Company is not engaged principally, or as one of its important activities, in the business of extending credit for the purpose
of purchasing or carrying any Margin Stock. No part of the proceeds of the Revolving Loans made to Company will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose of purchasing or carrying any such
Margin Stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 

  
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 4.20 Employee Benefit Plans. 

No ERISA Event has occurred or is reasonably expected to occur that, when taken together with all other such ERISA Events for
which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. Company does not maintain or contribute to any Employee Benefit Plan. 

4.21 Certain Fees. 

No broker’s or finder’s fee or commission will be payable with respect hereto or any of the transactions contemplated
hereby. 
 4.22 Solvency; Fraudulent Conveyance. 

Company is and, upon the incurrence of any Credit Extension by Company on any date on which this representation and warranty is
made, will be, Solvent. Company is not transferring any Collateral with any intent to hinder, delay or defraud any of its creditors. Company shall not use the proceeds from the transactions contemplated by this Agreement to give preference to any
class of creditors. Company has given fair consideration and reasonably equivalent value in exchange for the sale of the Receivables by Holdings under the Asset Purchase Agreement. 

4.23 Compliance with Statutes, etc. 

Company is in compliance in all material respects with all applicable statutes, regulations and orders of, and all applicable
restrictions imposed by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property. 

4.24 Matters Pertaining to Related Agreements. 

(a) Delivery. Company has delivered, or caused to be delivered, to each Agent and each Lender complete and correct
copies of (i) each Related Agreement and of all exhibits and schedules thereto as of the Original Closing Date, and (ii) copies of any material amendment, restatement, supplement or other modification to or waiver of each Related Agreement
entered into after the Original Closing Date. 
 (b) The Asset Purchase Agreement creates a valid transfer and assignment to
Company of all right, title and interest of Holdings in and to all Pledged Receivables and all Related Security conveyed to Company thereunder and Company has a First Priority perfected security interest therein. Company has given reasonably
equivalent value to Holdings in consideration for the transfer to Company by Holdings of the Pledged Receivables and Related Security pursuant to the Asset Purchase Agreement. 

(c) Each Receivables Program Agreement creates a valid transfer and assignment to Holdings of all right, title and interest of
the Receivables Account Bank in and to all Receivables and Related Security conveyed or purported to be conveyed to Holdings thereunder. Holdings has given reasonably equivalent value to the Receivables Account Bank in consideration for the transfer
to Holdings by the Receivables Account Bank of the Receivables and Related Security pursuant to the applicable Receivables Program Agreement. 

  
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 4.25 Disclosure. 

No documents, certificates, written statements or other written information furnished to Lenders by or on behalf of Holdings or
Company for use in connection with the transactions contemplated hereby, taken as a whole, contains any untrue statement of a material fact, or taken as a whole, omits to state a material fact (known to Holdings or Company, in the case of any
document not furnished by either of them) necessary in order to make the statements contained therein not misleading in light of the circumstances in which the same were made, provided, that, projections and pro forma financial
information contained in such materials were prepared based upon good faith estimates and assumptions believed by the preparer thereof to be reasonable at the time made, it being recognized by Lenders that such projections as to future events are
not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results and such differences may be material. 

4.26 Patriot Act. 

To the extent applicable, Company and Holdings are in compliance, in all material respects, with the (a) Trading with the
Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating thereto, and
(b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Act”). No part of the proceeds of the Revolving Loans will be used, directly or
indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or
obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended to the date hereof and from time to time hereafter, and any successor statute. 

4.27 Remittance of Collections. 

Company represents and warrants that each remittance of Collections by it hereunder to any Agent or any Lender hereunder will
have been (a) in payment of a debt incurred by Company in the ordinary course of business or financial affairs of Company and (b) made in the ordinary course of business or financial affairs. 

SECTION 5. AFFIRMATIVE COVENANTS 

Company covenants and agrees that until the Termination Date, Company shall perform (or cause to be performed, as applicable)
all covenants in this Section 5. 

  
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 5.1 Financial Statements and Other Reports. 

Unless otherwise provided below, Company or its designee will deliver to each Agent and each Lender: 

(a) [Reserved]. 

(b) Quarterly Financial Statements. Promptly after becoming available, and in any event within forty-five
(45) days (or, with respect to the fourth Fiscal Quarter of each Fiscal Year, sixty (60) days) after the end of each Fiscal Quarter of each Fiscal Year, the consolidated balance sheet of (i) Holdings and (ii) Company, in each
case, as at the end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings and Company, in each case, for such Fiscal Quarter and for the period from the beginning of the then
current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the previous Fiscal Year, all in reasonable detail, together with a Financial Officer
Certification with respect thereto; provided that after the consummation of the Initial Public Equity Offering, none of the foregoing shall be required with respect to the fourth Fiscal Quarter of each Fiscal Year; 

(c) Annual Financial Statements. As soon as available, and in any event within one hundred twenty (120) days after
the end of each Fiscal Year, (i) the consolidated balance sheets of (A) Holdings and (B) Company, in each case, as at the end of such Fiscal Year and the related consolidated statements of income, stockholders’ equity and cash
flows of Holdings and Company, in each case, for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year, in reasonable detail, together with a Financial Officer Certification with
respect thereto; and (ii) with respect to such consolidated financial statements a report thereon of Ernst & Young LLP or other independent certified public accountants of recognized national standing selected by Holdings, and
reasonably satisfactory to the Administrative Agent (which report shall be unqualified (other than any qualification related solely to the potential inability of Company to refinance the Obligations prior to the Revolving Commitment Termination
Date) as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial position of Holdings as at the dates indicated and the results of their
operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial statements) and that the examination by such accountants in connection
with such consolidated financial statements has been made in accordance with generally accepted auditing standards) (such report shall also include (x) a detailed summary of any audit adjustments; (y) a reconciliation of any audit
adjustments or reclassifications to the previously provided monthly or quarterly financials; and (z) restated monthly or quarterly financials for any impacted periods); 

(d) Compliance Certificates. Together with each delivery of financial statements of each of Holdings and Company
pursuant to Sections 5.1(b) and 5.1(c), a duly executed and completed Compliance Certificate; 
 (e)
Statements of Reconciliation after Change in Accounting Principles. If, as a result of any change in accounting principles and policies from those used in the preparation 

  
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of the Historical Financial Statements, the consolidated financial statements of (i) Holdings and (ii) Company delivered pursuant to Section 5.1(b) or 5.1(c) will
differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such
financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance reasonably satisfactory to Administrative Agent; 

(f) Collateral Reporting. 

(i) On each Monthly Reporting Date, with each Funding Notice, and at such other times as any Agent or Lender
shall request in its Permitted Discretion, a Borrowing Base Certificate (calculated as of the close of business of the previous Monthly Period or as of a date no later than three (3) Business Days prior to such request), together with a
reconciliation to the most recently delivered Borrowing Base Certificate and Borrowing Base Report, in form and substance reasonably satisfactory to Administrative Agent and Paying Agent. Each Borrowing Base Certificate delivered to Administrative
Agent and Paying Agent shall bear a signed statement by an Authorized Officer certifying the accuracy and completeness in all material respects of all information included therein. The execution and delivery of a Borrowing Base Certificate (other
than any Original Borrowing Base Certificate to the extent a Replacement Borrowing Base Certificate has been delivered in substitute thereof in accordance with Section 2.1(c)(ii)) shall in each instance constitute a representation and
warranty by Company to Administrative Agent and Paying Agent that each Receivable included therein as an “Eligible Receivable” is, in fact, an Eligible Receivable. In the event any request for a Revolving Loan, or a Borrowing Base
Certificate or other information required by this Section 5.1(f) is delivered to Administrative Agent and Paying Agent by Company electronically or otherwise without signature, such request, or such Borrowing Base Certificate or other
information shall, upon such delivery, be deemed to be signed and certified on behalf of Company by an Authorized Officer and constitute a representation to Administrative Agent and Paying Agent as to the authenticity thereof. The Administrative
Agent shall have the right to review and adjust any such calculation of the Borrowing Base to reflect exclusions from Eligible Receivables or such other matters as are necessary to determine the Borrowing Base, but in each case only to the extent
the Administrative Agent is expressly provided such discretion by this Agreement. 
 (ii) On each Monthly
Reporting Date, (A) the Monthly Servicing Report to Administrative Agent and Paying Agent on the terms and conditions set forth in the Servicing Agreement, and (B) the Master Record to the Paying Agent. Notwithstanding any other provision
of the Credit Documents, no Lender or Agent (other than the Paying Agent) shall have a right to receive the Master Record. 

(g) Legal Update. Together with each delivery of a Compliance Certificate pursuant to Section 5.1(d) and
otherwise promptly upon any Authorized Officer’s knowledge thereof, written notice of the occurrence of any material legal developments reasonably expected to have a significant adverse impact on Holdings’ commercial loan program (or, if

  
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there are no such material legal developments since the last update provided by Company pursuant to this Section 5.1(g), a written confirmation that there are no such legal
developments since such last update); 
 (h) Notice of Default. Promptly upon an Authorized Officer of Company
obtaining knowledge (i) of any condition or event that constitutes a Default or an Event of Default or that notice has been given to Holdings or Company with respect thereto; (ii) that any Person has given any notice to Holdings or Company
or taken any other action with respect to any event or condition set forth in Section 7.1(b); or (iii) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse
Effect, a certificate of its Authorized Officers specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default,
Default, default, event or condition, and what action Holdings or Company, as applicable, has taken, is taking and proposes to take with respect thereto; 

(i) Notice of Litigation. Promptly upon an Authorized Officer of Company obtaining knowledge of an Adverse Proceeding
not previously disclosed in writing by Company to Lenders or any material development in any such Adverse Proceeding (including any adverse ruling or significant adverse development in any Adverse Proceeding) that would be reasonably expected to
have a significant adverse impact on Company or Holdings or any Subsidiary thereof, written notice thereof together with such other information as may be reasonably available to Company or Holdings to enable Lenders and their counsel to evaluate
such matters; 
 (j) ERISA. (i) Promptly upon an Authorized Officer of Company becoming aware of the occurrence
of or forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof, what action Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto
and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii) with reasonable promptness, copies of (1) each Schedule SB (Actuarial
Information) to the annual report (Form 5500 Series) filed by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates with the Internal Revenue Service with respect to each affected Pension Plan; (2) all notices received
by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event; and (3) copies of such other documents or governmental reports or filings relating to any affected
Employee Benefit Plan of Holdings or any of its Subsidiaries thereof, or, with respect to any affected Pension Plan or affected Multiemployer Plan, any of their respective ERISA Affiliates (with respect to an affected Multiemployer Plan, to the
extent that Holdings or the Subsidiary or ERISA Affiliate, as applicable, has rights to access such documents, reports or filings), as any Agent or Lender shall reasonably request; 

(k) [Reserved]. 

(l) Notice of Change in Board of Directors. Subject to Section 6.20, with reasonable promptness, and in any
event within five (5) Business Days, written notice to each Agent and Lender of any change in the board of directors (or similar governing body) of Company; 

  
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 (m) Information Regarding Collateral. Prior written notice to Collateral
Agent of any change (i) in Company’s corporate name, (ii) in Company’s identity, corporate structure or jurisdiction of organization, or (iii) in Company’s Federal Taxpayer Identification Number. Company agrees not to
effect or permit any change referred to in the preceding sentence unless all filings have been made under the UCC or otherwise that are required in order for Collateral Agent to continue at all times following such change to have a valid, legal and
perfected security interest in all the Collateral and for the Collateral at all times following such change to have a valid, legal and perfected security interest as contemplated in the Collateral Documents; 

(n) Public Reporting. After the consummation of the Initial Public Equity Offering, the obligations in Sections
5.1(b) and (c) in respect of Holdings’ financial statements may be satisfied by furnishing, at the option of Holdings, the applicable financial statements as described above or Holdings’ Annual Report on Form 10-K or
Holdings’ Quarterly Report on Form 10-Q, as filed with the SEC, as applicable; 
 (o) Other Information. 

(i) [reserved]; 

(ii) not later than Friday of each week (or if such day is not a Business Day, the immediately preceding
Business Day) in which a Borrowing Base Report has not otherwise been delivered hereunder, a Borrowing Base Report; and 

(iii) such material information and data with respect to Holdings or any of its Subsidiaries as from time to
time may be reasonably requested by any Agent or Lender, in each case, which relate to Company’s or Holdings’ financial or business condition or the Collateral. 

5.2 Existence. 

Except as otherwise permitted under Section 6.8, Company will at all times preserve and keep in full force and
effect its existence and all rights and franchises, licenses and permits material to its business. 
 5.3 Payment of
Taxes and Claims. 
 Company will pay all material Taxes imposed upon it or any of its properties or assets or in respect
of any of its income, businesses or franchises before any penalty or fine accrues thereon, and all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a
Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto; provided, no such Tax or claim need be paid if it is being contested in good faith by appropriate proceedings
promptly instituted and diligently conducted, so long as (a) adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall have been made therefor, and (b) in the case of a Tax or claim which has or
may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax or claim. Company will not file or consent to the filing of any consolidated income
tax return with any Person (other than Holdings or any of 

  
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its Subsidiaries). In addition, Company agrees to pay to the relevant Governmental Authority in accordance with applicable law any current or future stamp or documentary taxes or any other excise
or property taxes, charges or similar levies (including, without limitation, mortgage recording taxes, transfer taxes and similar fees) imposed by any Governmental Authority that arise from any payment made hereunder or from the execution, delivery
or registration of, or otherwise with respect to, this Agreement or any Credit Document. 
 5.4 Insurance. 

Company shall cause Holdings to maintain or cause to be maintained, with financially sound and reputable insurers, (a) all
insurance required to be maintained under the Servicing Agreement, (b) business interruption insurance reasonably satisfactory to Administrative Agent, and (c) casualty insurance, such public liability insurance, third party property
damage insurance with respect to liabilities, losses or damage in respect of the assets, properties and businesses of Holdings and its Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of established
reputation engaged in similar businesses, in each case in such amounts (giving effect to self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be
customary for such Persons. Each Agent and Lender hereby agrees and acknowledges that the insurance maintained by Holdings on the Original Closing Date satisfies the requirements set forth in this Section 5.4. 

5.5 Inspections; Compliance Audits; Regulatory Review. 

(a) Company will permit or cause to be permitted, as applicable, any authorized representatives designated by any Agent or any
Lender to visit and inspect any of the properties of Company or Holdings, at any time, and from time to time upon reasonable advance notice and during normal working hours, to (i) inspect, copy and take extracts from its financial and
accounting records, and to discuss its affairs, finances and accounts with any Person, including, without limitation, employees of Company or Holdings and independent public accountants and (ii) verify the compliance by Company or Holdings with
the Credit Agreement, the other Credit Documents and/or the Underwriting Policies, as applicable. Company agrees to pay Agents’ then customary charge for field examinations and audits and the preparation of reports thereof performed or prepared
(A) at any time during the existence of a Default or an Event of Default and (B) otherwise up to one (1) time in any calendar year, provided Company shall not be obligated to pay more than $25,000 in the aggregate during any
twelve-month period in connection with any examination or audit described in this Section 5.5(a)(ii)(B). If any Agent engages any independent certified public accountants or other third-party provider to prepare any such report, such
Agent shall make such report available to any Lender, upon request, provided, that delivery of any such report may be conditioned on prior receipt by such independent certified public accountants or other third party provider of the acknowledgements
and agreements that such independent certified public accountants or third party provider customarily requires of recipients of reports of that kind. 

(b) At any time during the existence of an Event of Default and otherwise one (1) time in any calendar quarter, the
Administrative Agent or its designee, may, at Company’s 

  
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expense, perform a compliance review (a “Compliance Review”) with five (5) Business Days’ prior written notice to verify the compliance by Company and Holdings with
Requirements of Law related to the Pledged Receivables and to review the materials prepared in accordance with Section 5.5(d). Company shall, and shall cause Holdings to, cooperate with all reasonable requests and provide the
Administrative Agent with all necessary assistance and information in connection with each such Compliance Review. In connection with any such Compliance Review, Company will permit any authorized representatives designated by the Administrative
Agent to review Company’s form of Receivable Agreements, Underwriting Policies, information processes and controls, compliance practices and procedures and marketing materials (“Materials”). Such authorized representatives may
make written recommendations regarding Company’s compliance with applicable Requirements of Law, and Company shall consult in good faith with the Administrative Agent regarding such recommendations. In connection with any Compliance Review
pursuant to this Section 5.5(b), the Administrative Agent agrees to use a single regulatory counsel. 
 (c) In
connection with any inspection pursuant to Section 5.5(a) or a Compliance Review, the Administrative Agent or its designee may contact a Receivables Obligor as reasonably necessary to perform such inspection or Compliance Review, as the
case may be, provided, however, that such contact shall be made in the name of, and in cooperation with, Holdings and Company, unless Holdings (i) has failed to so cooperate for at least ten (10) Business Days after receiving
a written request from the Administrative Agent requesting such cooperation, or (ii) is no longer the “Servicer” under the Servicing Agreement. 

5.6 Lenders Meetings. 

Company shall, and shall cause Holdings to, upon the request of Administrative Agent or Requisite Lenders, participate in a
meeting of Administrative Agent and Lenders once during each Fiscal Year to be held at Company’s corporate offices (or at such other location as may be agreed to by Company and Administrative Agent) at such time as may be agreed to by Company
and Administrative Agent. 
 5.7 Compliance with Laws. 

Company shall, and shall cause Holdings to, comply with the Requirements of Law, noncompliance with which would reasonably be
expected to have, individually or in the aggregate, a Material Adverse Effect. 
 5.8 Separateness. 

Company shall at all times comply with Section 5(d), Section 7, Sections 9(e) and (f), Section 10,
Section 28, Section 30 and Section 31 (or any successor sections) of the Limited Liability Company Agreement, and shall not violate or cause to be violated the assumptions made with respect to Company in any opinion letter pertaining
to substantive consolidation delivered to Lenders in connection with the Credit Documents. 

  
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 5.9 Further Assurances. 

At any time or from time to time upon the request of any Agent or Lender, Company will, at its expense, promptly execute,
acknowledge and deliver such further documents and do such other acts and things as such Agent or Lender may reasonably request in order to effect fully the purposes of the Credit Documents, including providing Lenders with any information
reasonably requested pursuant to Section 9.21. In furtherance and not in limitation of the foregoing, Company shall take such actions as the Administrative Agent may reasonably request from time to time to ensure that the Obligations are
secured by substantially all of the assets of Company. 
 5.10 Communication with Accountants. 

Company authorizes Administrative Agent to communicate directly with Company’s independent certified public accountants
and authorizes and shall instruct such accountants to communicate directly with Administrative Agent and authorizes such accountants to (and, upon Administrative Agent’s request therefor (at the request of any Agent), shall request that such
accountants) communicate to Administrative Agent information relating to Company with respect to the business, results of operations and financial condition of Company (including the delivery of audit drafts and letters to management),
provided that advance notice of such communication is given to Company, and Company is given a reasonable opportunity to cause an officer to be present during any such communication. Company agrees that the Administrative Agent may
communicate with Company’s independent certified public accountants pursuant to this Section 5.10 (a) at any time (i) during the existence of a Default or an Event of Default, (ii) upon any event or circumstance which
has a Material Adverse Effect or (iii) upon any material change (as determined by the Administrative Agent in its Permitted Discretion) in Holdings’ or Company’s accounting principles and policies and (b) otherwise, up to two
(2) times in any calendar year. The failure of Company to be present during such communication after given such reasonable opportunity shall in no way impair the rights of the Administrative Agent under this Section 5.10. 

5.11 Acquisition of Receivables from Holdings. 

With respect to each Pledged Receivable, Company shall (a) acquire such Receivable pursuant to and in accordance with the
terms of the Asset Purchase Agreement, (b) take all actions necessary to perfect, protect and more fully evidence Company’s ownership of such Receivable, including, without limitation, executing or causing to be executed (or filing or
causing to be filed) such other instruments or notices as may be necessary or appropriate, and (c) take all additional action that the Administrative Agent may reasonably request to perfect, protect and more fully evidence the respective
interests of Company, the Agents, and the Lenders. 
 SECTION 6. NEGATIVE COVENANTS 

Company covenants and agrees that, until the Termination Date, Company shall perform (or cause to be performed, as applicable)
all covenants in this Section 6. 

  
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 6.1 Indebtedness. 

Company shall not directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or
indirectly liable with respect to any Indebtedness, except the Obligations. 
 6.2 Liens. 

Company shall not directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any property
or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of Company, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to remain in
effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the UCC of any State or under any similar recording or notice statute, except Permitted Liens. 

6.3 Equitable Lien. 

If Company shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter acquired, other
than Permitted Liens, it shall make or cause to be made effective provisions whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so
secured; provided, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders to the creation or assumption of any such Lien not otherwise permitted hereby. 

6.4 No Further Negative Pledges. 

Except pursuant to the Credit Documents Company shall not enter into any Contractual Obligation prohibiting the creation or
assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired. 
 6.5 Restricted
Junior Payments. 
 Company shall not through any manner or means or through any other Person to, directly or indirectly,
declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any Restricted Junior Payment except that, Restricted Junior Payments may be made by Company from time to time with respect to any amounts
distributed to Company in accordance with Section 2.12(a)(ix). 
 6.6 Subsidiaries. 

Company shall not form, create, organize, incorporate or otherwise have any Subsidiaries. 

6.7 Investments. 

Company shall not, directly or indirectly, make or own any Investment in any Person, including without limitation any Joint
Venture, except Investments in Cash, Permitted Investments and Receivables (and property received from time to time in connection with the workout or insolvency of any Receivables Obligor), and Permitted Investments in the Controlled Accounts. 

  
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 6.8 Fundamental Changes; Disposition of Assets; Acquisitions. 

Company shall not enter into any transaction of merger or consolidation, or liquidate,
wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in one transaction or a series
of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired (other than, provided no Event of Default
pursuant to Section 7.1(a), 7.1(g), 7.1(h) or 7.1(p) has occurred and is continuing, Permitted Asset Sales; provided that Permitted Asset Sales under clause (d) of the definition thereof shall be permitted at
all times subject to receipt of the consent required therein), or acquire by purchase or otherwise (other than acquisitions of Eligible Receivables, or Permitted Investments in a Controlled Account (and property received from time to time in
connection with the workout or insolvency of any Receivables Obligor)) the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or other business unit of any
Person. 
 6.9 Sales and Lease-Backs. 

Company shall not, directly or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to
any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which Company (a) has sold or transferred or is to sell or to transfer to any other Person, or (b) intends to use for substantially the
same purpose as any other property which has been or is to be sold or transferred by Company to any Person in connection with such lease. 

6.10 Transactions with Shareholders and Affiliates. 

Company shall not, directly or indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease
or exchange of any property or the rendering of any service) with any holder of ten percent (10%) or more of any class of Capital Stock of Holdings or any of its Subsidiaries or with any Affiliate of Holdings or of any such holder other than
the transactions contemplated or permitted by the Credit Documents and the Related Agreements. 
 6.11 Conduct of
Business. 
 From and after the Original Closing Date, Company shall not engage in any business other than the businesses
engaged in by Company on the Original Closing Date. 
 6.12 Fiscal Year. 

Company shall not change its Fiscal Year-end from December 31st. 

  
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 6.13 Servicer; Backup Servicer; Custodian 

(a) Company shall use its commercially reasonable efforts to cause Servicer, the Backup Servicer and the Custodian to comply at
all times with the applicable terms of the Servicing Agreement, the Backup Servicing Agreement and the Custodial Agreement. The Company may not (i) terminate, remove, replace Servicer, Backup Servicer or the Custodian or (ii) subcontract
out any portion of the servicing or permit third party servicing other than the Backup Servicer, except, in each case, with the consent of the Requisite Lenders in their Permitted Discretion. The Administrative Agent may not terminate, remove, or
replace the Servicer except in accordance with the Servicing Agreement. The Administrative Agent may not terminate, remove, or replace the Backup Servicer or the Custodian except with the prior consent of Company (such consent not to be unreasonably
withheld); provided, however, that the Administrative Agent may terminate and replace the Backup Servicer at any time without the consent of Company after the occurrence and during the continuance of an Event of Default or Servicer Default.

 (b) Upon the occurrence of (1) for so long as the DB Credit Facility is in effect, a “Hot Backup Servicer
Event” thereunder and the election by the Administrative Agent under the DB Credit Facility to transition to “hot” backup servicing, or (2) after the termination of the DB Credit Facility, a Hot Backup Servicer Event, the
Administrative Agent may instruct the Backup Servicer to provide “hot” backup servicing under the Backup Servicing Agreement (provided that, with respect to clause (2) above, if after a Hot Backup Servicer Event to occur hereunder, a
Hot Backup Servicer Event Cure occurs, the Administrative Agent shall, at the direction of Company, instruct the Backup Servicer to (i) stop providing hot” backup servicing under the Backup Servicing Agreement and (ii) again begin
providing only “warm” backup servicing under the Backup Servicing Agreement). Company shall pay all reasonable and customary fees, costs and expenses of the Backup Servicer. 

6.14 Acquisitions of Receivables. 

Company may not acquire Receivables from any Person other than Holdings pursuant to the Asset Purchase Agreement. 

6.15 Independent Manager. 

Company shall not fail at any time to have at least one independent manager (an “Independent Manager”) who:

 (a) is provided by a nationally recognized provider of independent directors; 

(b) is not and has not been employed by Company or Holdings or any of their respective Subsidiaries or Affiliates as an
officer, director, partner, manager, member (other than as a special member in the case of single member Delaware limited liability companies), employee, attorney or counsel of, Company or Holdings or any of their respective Affiliates within the
five years immediately prior to such individual’s appointment as an Independent Manager, provided that this paragraph (b) shall not apply to any person who serves as an independent director or an independent manager for any Affiliate of
any of Company or Holdings; 

  
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 (c) is not, and has not been within the five years immediately prior to such
individual’s appointment as an Independent Manager, a customer or creditor of, or supplier to, Company or Holdings or any of their respective Affiliates who derives any of its purchases or revenue from its activities with Company or Holdings or
any of their respective Affiliates thereof (other than a de minimis amount); 
 (d) is not, and has not been within the five
years immediately prior to such individual’s appointment as an Independent Manager, a person who controls or is under common control with any Person described by clause (b) or (c) above; 

(e) does not have, and has not had within the five years immediately prior to such individual’s appointment as an
Independent Manager, a personal services contract with Company or Holdings or any of their respective Subsidiaries or Affiliates, from which fees and other compensation received by the person pursuant to such personal services contract would exceed
5% of his or her gross revenues during the preceding calendar year; 
 (f) is not affiliated with a tax-exempt entity that
receives, or has received within the five years prior to such appointment as an Independent Manager, contributions from Company or Holdings or any of their respective Subsidiaries or Affiliates, in excess of the lesser of (i) 3% of the
consolidated gross revenues of Holdings and its Subsidiaries during such fiscal year and (ii) 5% of the contributions received by the tax-exempt entity during such fiscal year; 

(g) is not and has not been a shareholder (or other equity owner) of any of Company or Holdings or any of their respective
Affiliates within the five years immediately prior to such individual’s appointment as an Independent Manager; 
 (h)
is not a member of the immediate family of any Person described by clause (b) through (g) above; 
 (i) is not,
and was not within the five years prior to such appointment as an Independent Manager, a financial institution to which Company or Holdings or any of their respective Subsidiaries or Affiliates owes outstanding Indebtedness for borrowed money in a
sum exceeding more than 5% of Holdings’ total consolidated assets; 
 (j) has prior experience as an independent
director or manager for a corporation or limited liability company whose charter documents required the unanimous consent of all independent directors thereof before such corporation or limited liability company could consent to the institution of
bankruptcy or insolvency proceedings against it or could file a petition seeking relief under any applicable federal or state law relating to bankruptcy; and 

(k) has at least three (3) years of employment experience with one or more entities that provide, in the ordinary course
of their respective businesses, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities. 

Upon Company learning of the death or incapacity of an Independent Manager, Company shall have ten (10) Business Days
following such death or incapacity to appoint a replacement Independent Manager. Any replacement of an Independent Manager will be permitted only upon 

  
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(a) two (2) Business Days’ prior written notice to each Agent and Lender, (b) Company’s certification that any replacement manager will satisfy the criteria set forth in
clauses (a)-(i) of this Section 6.15 and (c) the Administrative Agent’ written consent to the appointment of such replacement manager. For the avoidance of doubt, other than in the event of the death or incapacity of an
Independent Manager, Company shall at all times have an Independent Manager and may not terminate any Independent Manager without the prior written consent of the Administrative Agent, which consent the Administrative Agent may withhold in its sole
discretion. 
 6.16 Organizational Agreements and Credit Documents. 

Except as otherwise expressly permitted by other provisions of this Agreement or any other Credit Document, Company shall not
(a) enter into any contract with any Person other than the Credit Documents, any Related Agreement to which it is a party, and an agreement related to the appointment of the Independent Manager and process agent, in each case, as of the
Original Closing Date or any agreement entered into in connection with a Permitted Asset Sale; (b) amend, restate, supplement or modify, or permit any amendment, restatement, supplement or modification to, its Organizational Documents, without
obtaining the prior written consent of the Requisite Lenders to such amendment, restatement, supplement or modification, as the case may be; (c) agree to any termination, amendment, restatement, supplement or other modification to, or waiver
of, or permit any termination, amendment, restatement, supplement or other modification to, or waivers of, any of the provisions of any Credit Document without the prior written consent of the Requisite Lenders. Company shall not agree to, and shall
cause Holdings not to, amend, restate, supplement or modify in any material respect any Receivables Program Agreement without providing prior written notice thereof to the Administrative Agent, each Lender and obtaining the consent thereto of the
Requisite Lenders; provided, however that the Requisite Lenders shall be deemed to have consented to any such amendment, restatement, supplement or modification if the Requisite Lenders do not object to such proposed amendment,
restatement, supplement or modification in writing to Company within seven (7) Business Days of the Administrative Agent’s receipt of written notice of such proposed amendment, restatement, supplement or modification. 

  
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 6.17 Changes in Underwriting or Other Policies. 

Company shall not agree to, and shall cause Holdings not to, make any change or modification to the Underwriting Policies
without providing prior written notice thereof to the Administrative Agent and each Lender, (collectively, the “Notice Parties”). Company shall not agree to, and shall cause Holdings not to, make any Material Underwriting Policy
Change, including any change or modification to the Underwriting Policies of which the Notice Parties receive written notice that either the Administrative Agent or the Requisite Lenders, in the exercise of their respective Permitted Discretion,
determines to be a Material Underwriting Policy Change and notifies Company of such determination within seven (7) Business Days of their receipt of such notice, without the prior written consent of the Requisite Lenders (such consent not to be
unreasonably withheld, conditioned or delayed). Company shall not agree to, and shall cause the Servicer not to, make any change to the Servicer’s methodology for calculating the unpaid principal balance of Pledged Receivables without the prior
written consent of the Requisite Lenders (such consent not to be unreasonably withheld, conditioned or delayed). 
 6.18
Receivable Forms. 
 Company shall not acquire Receivables which are not on the form of applicable Receivable Agreement
attached to the Undertakings Agreement (or any successor form approved after the Amendment Effective Date in accordance with this Section 6.18). Company shall provide, or cause Holdings to provide, prior written notice to Administrative
Agent of any proposed change or variation to the form of any Receivable Agreement, including a reasonably detailed description of the proposed change or variation (a “Notice of Amendment”). The Administrative Agent shall, within
five (5) Business Days of Administrative Agent’s receipt of a Notice of Amendment, notify Company if the Administrative Agent, in its Permitted Discretion, has determined that such proposed change or variation is material (a
“Material Change Notice”), and upon receipt of such Material Change Notice, Company shall not, and shall cause Holdings not to, make any change or variation set forth in the Notice of Amendment without the prior written consent of
the Requisite Lenders, unless such change or variation is required by any Requirement of Law. The Requisite Lenders may reasonably withhold such consent until they have received a satisfactory opinion of Company’s counsel regarding compliance
of such revised form with any Requirement of Law reasonably expected to be applicable thereto. If, within five (5) Business Days of Administrative Agent’s receipt of a Notice of Amendment, the Administrative Agent has not provided a
Material Change Notice to Company or Holdings, Company or Holdings may make the change or variation to the applicable form of Receivable Agreement proposed in such Notice of Amendment. 

SECTION 7. EVENTS OF DEFAULT 

7.1 Events of Default. 

If any one or more of the following events shall occur. 

(a) Failure to Make Payments When Due. Other than with respect to a Borrowing Base Deficiency, failure by Company to
pay (i) when due, the principal of and premium, if any, on any Revolving Loan whether at stated maturity (including on the Revolving Commitment Termination Date), by acceleration or otherwise; (ii) within two (2) Business Days after
its due date, any interest on any Revolving Loan or any fee due hereunder; or (iii) within thirty (30) days after its due date, any other amount due hereunder; or 

  
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 (b) Default in Other Agreements. 

(i) Failure of Holdings or any Subsidiary of Holdings to pay when due any principal of or interest on or any
other amount payable in respect of one or more items of Indebtedness (other than SPV Indebtedness) with a principal amount in excess of $1,000,000, in each case beyond the grace period, if any, provided therefor; or breach or default by
Holdings or any Subsidiary of Holdings with respect to any other material term of (1) one or more items of Indebtedness (other than SPV Indebtedness) with a principal amount in excess of $1,000,000, or (2) any loan agreement, mortgage,
indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefore, if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or
a trustee on behalf of such holder or holders), to cause, such Indebtedness to become or be declared due and payable (or subject to a compulsory repurchase or redeemable) prior to its stated maturity or the stated maturity of any underlying
obligation, as the case may be, provided that any such failure, breach or default, as the case may be, shall constitute an Event of Default hereunder only after the Administrative Agent shall have provided written notice to Company that such
failure, breach or default constitutes an Event of Default hereunder; or 
 (ii) (A) Failure of any
Subsidiary of Holdings (other than Company) to pay when due any principal of or interest on or any other amount payable in respect of one or more items of SPV Indebtedness with a principal amount in excess of $1,000,000; or (B) (1) breach
or default by any such Subsidiary with respect to any material term of (x) one or more items of SPV Indebtedness with a principal amount in excess of $1,000,000, or (y) any loan agreement, mortgage, indenture or other agreement relating to
such item(s) of SPV Indebtedness and (2) the continuation of such breach or default for more than seven (7) Business Days (or, if such breach or default is subject to any grace period, for more than seven (7) Business Days beyond such
grace period), if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, such Indebtedness to become or be declared due and payable (or
subject to a compulsory repurchase or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be, provided that any such failure, breach or default, as the case may be, shall constitute an
Event of Default hereunder only after the Administrative Agent shall have provided written notice to Company that such failure, breach or default constitutes an Event of Default hereunder; or 

(c) Breach of Certain Covenants. Failure of Company to perform or comply with any term or condition contained in
Section 2.3, Section 2.11, Section 5.1(a), Section 5.1(f), Section 5.1(h), Section 5.2, Section 5.6, Section 5.7 or Section 6, or failure to
distribute Collections in accordance with Section 2.12; or 

  
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 (d) Breach of Representations, etc. Any representation or warranty,
certification or other statement made or deemed made by Company or Holdings (or Holdings as Servicer) in any Credit Document or in any statement or certificate at any time given by Company or Holdings (or Holdings as Servicer) in writing pursuant
hereto or thereto or in connection herewith or therewith shall be false in any material respect, other than any representation, warranty, certification or other statement which is qualified by materiality or “Material Adverse Effect”, in
which case, such representation, warranty, certification or other statement shall be true and correct in all respects, in each case, as of the date made or deemed made and such default shall not have been remedied or waived within thirty
(30) days after the earlier of (i) an Authorized Officer of Company or Holdings becoming aware of such default, or (ii) receipt by Company of notice from any Agent or Lender of such default; or 

(e) Other Defaults Under Credit Documents. Company or Holdings shall default in the performance of or compliance with
any term contained herein or any of the other Credit Documents other than any such term referred to in any other Section of this Section 7.1 and such default shall not have been remedied or waived within thirty (30) days after the
earlier of (i) an Authorized Officer of Company or Holdings becoming aware of such default, or (ii) receipt by Company or Holdings of notice from Administrative Agent or any Lender of such default; or 

(f) Breach of Portfolio Performance Covenants. A breach of any Portfolio Performance Covenant shall have occurred and
the Administrative Agent shall have provided written notice to the Company that a Default under this Section 7.1(f) has occurred and is continuing; or 

(g) Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a
decree or order for relief in respect of Company or Holdings in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any
other similar relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against Company or Holdings under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Company or
Holdings, or over all or a substantial part of its respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of Company or Holdings for all or a
substantial part of its respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Company or Holdings, and any such event described in this clause
(ii) shall continue for sixty (60) days without having been dismissed, bonded or discharged; or 
 (h)
Voluntary Bankruptcy; Appointment of Receiver, etc. (i) Company or Holdings shall have an order for relief entered with respect to it or shall commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy,
insolvency or similar law now or hereafter in effect, or shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such

  
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law, or shall consent to the appointment of or taking possession by a receiver, trustee or other custodian for all or a substantial part of its respective property; or Company or Holdings shall
make any assignment for the benefit of creditors; or (ii) Company or Holdings shall be unable, or shall fail generally, or shall admit in writing its inability, to pay its debts as such debts become due; or the board of directors (or similar
governing body) of Company or Holdings (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of the actions referred to herein or in Section 7.1(g); or 

(i) Judgments and Attachments. 

(i) Any money judgment, writ or warrant of attachment or similar process (to the extent not adequately covered
by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against Company or any of its assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty
(30) days; or 
 (ii) Any money judgment, writ or warrant of attachment or similar process involving in
any individual case or in the aggregate at any time an amount in excess of $1,000,000 (in any case to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered
or filed against Holdings (or Holdings as Servicer) or any of its assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty (60) days; or 

(iii) Any tax lien or lien of the PBGC shall be entered or filed against Company or Holdings (involving, with
respect to Holdings only, an amount in excess of $1,000,000) or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of ten (10) days; 

(j) Dissolution. Any order, judgment or decree shall be entered against Company or Holdings decreeing the dissolution
or split up of Company or Holdings, as the case may be, and such order shall remain undischarged or unstayed for a period in excess of thirty (30) days; or 

(k) Employee Benefit Plans. (i) There shall occur one or more ERISA Events which individually or in the aggregate
results in or might reasonably be expected to result in a Material Adverse Effect during the term hereof or result in a Lien being imposed on the Collateral; or (ii) Company shall establish or contribute to any Employee Benefit Plan; or 

(l) Change of Control. A Change of Control shall occur; or 

(m) Servicing Agreement. A Servicer Default shall have occurred and be continuing; or 

(n) Backup Servicer Default. The Backup Servicing Agreement shall terminate for any reason and, provided that the
Administrative Agent shall have used commercially reasonable efforts to timely engage a replacement Backup Servicer following such termination, within ninety (90) days of such termination no replacement agreement with an alternative backup
servicer shall be effective; or 

  
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 (o) Borrowing Base Deficiency; Repurchase Failure. (i) Failure by
Company to pay any Borrowing Base Deficiency within two (2) Business Days after the due date thereof, or (ii) failure of Holdings to repurchase any Receivable as and when required under the Asset Purchase Agreement; or 

(p) Collateral Documents and other Credit Documents. At any time after the execution and delivery thereof,
(i) this Agreement or any Collateral Document ceases to be in full force and effect (other than in accordance with its terms) or shall be declared null and void by a court of competent jurisdiction or the enforceability thereof shall be
impaired in any material respect, or the Collateral Agent shall not have or shall cease to have a valid and perfected Lien in any Collateral purported to be covered by the Collateral Documents with the priority required by the relevant Collateral
Document (in each case, other than (A) by reason of a release of Collateral in accordance with the terms hereof or thereof or (B) the satisfaction in full of the Obligations and any other amount due hereunder or any other Credit Document
in accordance with the terms hereof); or (ii) any of the Credit Documents for any reason, other than the satisfaction in full of all Obligations and any other amount due hereunder or any other Credit Document (other than contingent
indemnification obligations for which demand has not been made), shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void by a court of competent jurisdiction or a party thereto or
Holdings, as the case may be, shall repudiate its obligations thereunder or shall contest the validity or enforceability of any Credit Document in writing; or 

(q) Breach of Financial Covenants. A breach of any Financial Covenant shall have occurred; or 

(r) Investment Company Act. Holdings or Company become subject to any federal or state statute or regulation which may
render all or any portion of the Obligations unenforceable, or Company becomes a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as
such terms are defined in the Investment Company Act of 1940; 
 THEN, upon the occurrence of any Event of Default, the
Administrative Agent may, and shall, at the written request of the Requisite Lenders, take any of the following actions: (w) upon notice to the Company, terminate the Revolving Commitments, if any, of each Lender having such Revolving
Commitments, (x) upon notice to the Company, declare the unpaid principal amount of and accrued interest on the Revolving Loans and all other Obligations immediately due and payable, in each case without presentment, demand, protest or other
requirements of any kind, all of which are hereby expressly waived by Company; (y) direct the Collateral Agent to enforce any and all Liens and security interests created pursuant to the Collateral Documents and (z) take any and all other
actions and exercise any and all other rights and remedies of the Administrative Agent under the Credit Documents; provided that upon the occurrence of any Event of Default described in Section 7.1(g) or 7.1(h), the unpaid
principal amount of and accrued interest on the Revolving Loans and all other Obligations shall immediately become due and payable, and the Revolving Commitments shall automatically and immediately terminate, in each case without presentment,
demand, protest or other requirements of any kind, all of which are hereby expressly waived by Company. In addition, pursuant to the Servicing Agreement, the Administrative Agent may terminate the Servicing Agreement and appoint a Successor
Servicer upon the occurrence of a Servicer Default. 

  
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 SECTION 8. AGENTS 

8.1 Appointment of Agents. 

Notwithstanding any other provision thereof and effective as of the Amendment Effective Date, ODBL IV, LLC hereby resigns as
the Administrative Agent hereunder and, in connection therewith, agrees that each of its obligations and each of its rights under this Agreement and the other Credit Documents in such capacity shall be transferred to and vested exclusively in WC
2014-1, LLC, a Delaware limited liability company, and WC 2014-1, LLC hereby agrees to assume and accept such obligations and rights in accordance with the terms of this Agreement and the Credit Documents. Accordingly, each Lender hereby authorizes
WC 2014-1, LLC to act as Administrative Agent to the Lenders hereunder and under the other Credit Documents and each Lender hereby authorizes WC 2014-1, LLC, in such capacity, to act as its agent in accordance with the terms hereof and the other
Credit Documents. Each Lender hereby authorizes Deutsche Bank Trust Company Americas, to act as the Collateral Agent on its behalf under the Credit Documents. Each Agent hereby agrees to act upon the express conditions contained herein and the other
Credit Documents, as applicable. The provisions of this Section 8 are solely for the benefit of Agents and Lenders and neither Company or Holdings shall have any rights as a third party beneficiary of any of the provisions thereof. In
performing its functions and duties hereunder, each Agent (other than Administrative Agent) shall act solely as an agent of Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust
with or for Holdings or any of its Subsidiaries. 
 8.2 Powers and Duties. 

Each Lender irrevocably authorizes each Agent (other than Administrative Agent) to take such action on such Lender’s
behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are
reasonably incidental thereto. Each Lender irrevocably authorizes Administrative Agent to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are
specifically delegated or granted to Administrative Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are
expressly specified herein and the other Credit Documents. Each such Agent may exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No such Agent shall have, by reason hereof or any of the other
Credit Documents, a fiduciary relationship in respect of any Lender; and nothing herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any such Agent any obligations in respect
hereof or any of the other Credit Documents except as expressly set forth herein or therein. 

  
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 8.3 General Immunity. 

(a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness,
genuineness, validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any
financial or other statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of Company or Holdings to any Agent or any Lender in connection with the Credit Documents and the
transactions contemplated thereby or for the financial condition or business affairs of Company or Holdings or any other Person liable for the payment of any Obligations or any other amount due hereunder or any other Credit Document, nor shall any
Agent be required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Revolving Loans or as
to the existence or possible existence of any Event of Default or Default or to make any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, neither the Paying Agent nor the Administrative Agent
shall not have any liability arising from confirmations of the amount of outstanding Revolving Loans or the component amounts thereof. 

(b) Exculpatory Provisions Relating to Agents. No Agent nor any of its officers, partners, directors, employees or
agents shall be liable to Lenders for any action taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct, as determined by a court
of competent jurisdiction in a final, non-appealable order. Each such Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the other Credit Documents
or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or such other Lenders as may be required to give
such instructions under Section 9.5) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain from acting, or to
exercise such power, discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) each such Agent shall be entitled to rely, and shall be fully protected in relying, upon any
communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys
(who may be attorneys for Holdings and Company), accountants, experts and other professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any such Agent as a result of such Agent acting or (where
so instructed) refraining from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give such instructions under Section 9.5). 

8.4 Agents Entitled to Act as Lender. 

Any agency hereby created shall in no way impair or affect any of the rights and powers of, or impose any duties or obligations
upon, any Agent in its individual capacity as a 

  
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Lender hereunder. With respect to its participation in the Revolving Loans, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the same as if it were
not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates may accept deposits
from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Holdings or any of its Affiliates as if it were not performing the duties specified herein, and may accept fees and
other consideration from Company for services in connection herewith and otherwise without having to account for the same to Lenders. 

8.5 Lenders’ Representations, Warranties and Acknowledgment. 

(a) Each Lender represents and warrants that it has made its own independent investigation of the financial condition and
affairs of Holdings and Company in connection with Credit Extensions hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Holdings and Company. No Agent shall have any duty or responsibility, either
initially or on a continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of
the Revolving Loans or at any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 

(b) Each Lender, by delivering its signature page to this Agreement, shall be deemed to have acknowledged receipt of, and
consented to and approved, each Credit Document and each other document required to be approved by any Agent, Requisite Lenders or Lenders, as applicable on the Original Closing Date. 

8.6 Right to Indemnity. 

Each Lender, in proportion to its Pro Rata Share, severally agrees to indemnify each Agent, their Affiliates and their
respective officers, partners, directors, trustees, employees and agents of each Agent (each, an “Indemnitee Agent Party”), to the extent that such Indemnitee Agent Party shall not have been reimbursed by Company or Holdings, for
and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred
by or asserted against such Indemnitee Agent Party in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in its capacity as such Indemnitee Agent Party in any way relating
to or arising out of this Agreement or the other Credit Documents, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH INDEMNITEE AGENT PARTY;
provided, no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Indemnitee Agent Party’s gross negligence
or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable order. 

  
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If any indemnity furnished to any Indemnitee Agent Party for any purpose shall, in the opinion of such Indemnitee Agent Party, be insufficient or become impaired, such Indemnitee Agent Party may
call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished; provided, in no event shall this sentence require any Lender to indemnify any Indemnitee Agent Party
against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof; and provided further, this sentence shall not be deemed to require
any Lender to indemnify any Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 

8.7 Successor Administrative Agent and Collateral Agent. 

(a) Administrative Agent. 

(i) Administrative Agent may resign at any time by giving thirty (30) days’ prior written notice
thereof to the Lenders and Company. Upon any such notice of resignation, the Requisite Lenders shall have the right, upon five (5) Business Days’ notice to Company, to appoint a successor Administrative Agent provided, that the
appointment of a successor Administrative Agent shall require (so long as no Default or Event of Default has occurred and is continuing) Company’s approval, which approval shall not be unreasonably withheld, delayed or conditioned. Upon the
acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring
Administrative Agent and the retiring Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all records and other documents necessary or appropriate in connection with the performance of the duties of the
successor Administrative Agent under the Credit Documents, and (ii) take such other actions, as may be necessary or appropriate in connection with the appointment of such successor Administrative Agent, whereupon such retiring Administrative
Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 8 shall inure to its benefit as to any
actions taken or omitted to be taken by it while it was Administrative Agent hereunder. 
 (ii)
Notwithstanding anything herein to the contrary, Administrative Agent may assign its rights and duties as Administrative Agent hereunder to one of its Affiliates without the prior written consent of, or prior written notice to, Company or the
Revolving Lenders; provided that Company and the Lenders may deem and treat such assigning Administrative Agent as Administrative Agent for all purposes hereof, unless and until such assigning Administrative Agent provides written notice to
Company and the Lenders of such assignment. Upon such assignment such Affiliate shall succeed to and become vested with all rights, powers, privileges and duties as Administrative Agent hereunder and under the other Credit Documents. 

  
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 (b) Collateral Agent. 

(i) Collateral Agent may resign at any time by giving thirty (30) days’ prior written notice thereof
to Lenders and Company. Upon any such notice of resignation, the Requisite Lenders shall have the right, upon five (5) Business Days’ notice to Company, to appoint a successor Collateral Agent provided, that the appointment of a
successor Collateral Agent shall require (so long as no Default or Event of Default has occurred and is continuing) Company’s approval, which approval shall not be unreasonably withheld, delayed or conditioned. Upon the acceptance of any
appointment as Collateral Agent hereunder by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent and the
retiring Collateral Agent shall promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or
appropriate in connection with the performance of the duties of the successor Collateral Agent under the Credit Documents, and (ii) execute and deliver to such successor Collateral Agent such amendments to financing statements, and take such
other actions, as may be necessary or appropriate in connection with the appointment of such successor Collateral Agent and the assignment to such successor Collateral Agent of the security interests created under the Collateral Documents, whereupon
such retiring Collateral Agent shall be discharged from its duties and obligations hereunder. After any retiring Collateral Agent’s resignation hereunder as Collateral Agent, the provisions of this Section 8 shall inure to its
benefit as to any actions taken or omitted to be taken by it while it was Collateral Agent hereunder. 
 (ii)
Notwithstanding anything herein to the contrary, Collateral Agent may assign its rights and duties as Collateral Agent hereunder to one of its Affiliates without the prior written consent of, or prior written notice to, Company or the Lenders;
provided that Company and the Lenders may deem and treat such assigning Collateral Agent as Collateral Agent for all purposes hereof, unless and until such assigning Collateral Agent provides written notice to Company and the Lenders of such
assignment. Upon such assignment such Affiliate shall succeed to and become vested with all rights, powers, privileges and duties as Collateral Agent hereunder and under the other Credit Documents. 

8.8 Collateral Documents. 

Each Lender hereby further authorizes Collateral Agent, on behalf of and for the benefit of Lenders, to be the agent for and
representative of Lenders with respect to the Collateral and the Collateral Documents. Subject to Section 9.5, without further written consent or authorization from Lenders, Collateral Agent may execute any documents or instruments
necessary to release any Lien encumbering any item of Collateral that is the subject of a sale or other disposition of assets permitted hereby or to which Requisite Lenders (or such other Lenders as may be required to give such consent under
Section 9.5) have otherwise consented. Anything contained in any of the Credit Documents to the contrary notwithstanding, Company, the Agents 

  
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and each Lender hereby agree that (a) no Lender shall have any right individually to realize upon any of the Collateral, it being understood and agreed that all powers, rights and remedies
hereunder may be exercised solely by Collateral Agent, on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents may be exercised solely by Collateral Agent, and (b) in the event
of a foreclosure by Collateral Agent on any of the Collateral pursuant to a public or private sale, Collateral Agent or any Lender may be the purchaser of any or all of such Collateral at any such sale and Collateral Agent, as agent for and
representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless Requisite Lenders shall otherwise agree in writing) shall be entitled, for the purpose of bidding and making settlement or
payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations or any other amount due hereunder as a credit on account of the purchase price for any collateral payable by
Collateral Agent at such sale. 
 SECTION 9. MISCELLANEOUS 

9.1 Notices. 

Unless otherwise specifically provided herein, any notice or other communication herein required or permitted to be given to
Company, Collateral Agent or Administrative Agent shall be sent to such Person’s address as set forth on Appendix B or in the other relevant Credit Document, and in the case of any Lender, the address as indicated on
Appendix B or otherwise indicated to Administrative Agent in writing. Each notice hereunder shall be in writing and may be personally served, telexed or sent by telefacsimile or United States mail or courier service and shall be deemed
to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of telefacsimile or telex, or three (3) Business Days after depositing it in the United States mail with postage prepaid and
properly addressed; provided, no notice to any Agent shall be effective until received by such Agent, provided, however, that Company may deliver, or cause to be delivered, the Borrowing Base Certificate, Borrowing Base Report
and any financial statements or reports (including any collateral performance tests) by electronic mail pursuant to procedures approved by the Administrative Agent until any Agent or Lender notifies Company that it can no longer receive such
documents using electronic mail. Any Borrowing Base Certificate, Borrowing Base Report or financial statements or reports sent to an electronic mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the
intended recipient (such as by the “return receipt requested” function, if available, return electronic mail or other written acknowledgement), provided, that if such document is sent after 5:00 p.m. Eastern Standard time, such
document shall be deemed to have been sent at the opening of business on the next Business Day. 
 9.2 Expenses. 

Company agrees to pay promptly (a) (i) all the Administrative Agent’s actual, reasonable and documented
out-of-pocket costs and expenses (including reasonable and customary fees and expenses of counsel to the Administrative Agent of negotiation, preparation, execution and administration of the Credit Documents, including the Credit Document Amendments
and any consents, waivers or other amendments or modifications to the Credit Documents and (ii) reasonable and customary fees and expenses of a single counsel to the 

  
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Lenders in connection with any consents, amendments, waivers or other modifications to the Credit Documents, including the Credit Document Amendments; (b) all the actual, documented
out-of-pocket costs and reasonable out-of-pocket expenses of creating, perfecting and enforcing Liens in favor of Collateral Agent, for the benefit of Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary
taxes, search fees, title insurance premiums and reasonable and documented out-of-pocket fees, expenses and disbursements of a single counsel for all Agents; (c) subject to the terms of this Agreement (including any limitations set forth in
Section 5.5), all the Administrative Agent’s actual, reasonable and documented out-of-pocket costs and reasonable fees, expenses for, and disbursements of any of Administrative Agent’s, auditors, accountants, consultants or
appraisers incurred by Administrative Agent; (d) subject to the terms of this Agreement, all the actual, reasonable and documented out-of-pocket costs and expenses (including the reasonable fees, expenses and disbursements of any appraisers,
consultants, advisors and agents employed or retained by Collateral Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (e) subject in all cases to any express limitations set forth in any Credit
Document, all other actual, reasonable and documented out-of-pocket costs and expenses incurred by each Agent in connection with the syndication of the Revolving Loans and Commitments and the negotiation, preparation and execution of the Credit
Documents and any consents, amendments, waivers or other modifications thereto and the transactions contemplated thereby; and (f) after the occurrence of a Default or an Event of Default, all documented, out-of-pocket costs and expenses,
including reasonable attorneys’ fees, and costs of settlement, incurred by any Agent or any Lender in enforcing any Obligations of or in collecting any payments due from Company or Holdings hereunder or under the other Credit Documents by
reason of such Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral) or in connection with any refinancing or restructuring of the credit arrangements provided
hereunder in the nature of a “work out” or pursuant to any insolvency or bankruptcy cases or proceedings. 

9.3 Indemnity. 

(a) In addition to the payment of expenses pursuant to Section 9.2, whether or not the transactions contemplated
hereby shall be consummated, Company agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Affected Party and each Agent, their Affiliates and their respective officers, partners, directors,
trustees, employees and agents (each, an “Indemnitee”), from and against any and all Indemnified Liabilities, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE
NEGLIGENCE OF SUCH INDEMNITEE excluding any amounts not otherwise payable by Company under Section 2.16(b)(iii); provided, Company shall not have any obligation to any Indemnitee hereunder with respect to any Indemnified
Liabilities to the extent such Indemnified Liabilities arise from the gross negligence, bad faith or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable order of that Indemnitee. To the extent that the
undertakings to defend, indemnify, pay and hold harmless set forth in this Section 9.3 may be unenforceable in whole or in part because they are violative of any law or public policy, Company shall contribute the maximum portion that it
is permitted to pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 

  
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 (b) To the extent permitted by applicable law, Company shall not assert, and
Company hereby waives, any claim against any affected Party or Agent and their respective Affiliates, directors, employees, attorneys or agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to
direct or actual damages) (whether or not the claim therefor is based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to, this Agreement or any Credit
Document or any agreement or instrument contemplated hereby or thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Revolving Loan or the use of the proceeds thereof or any act or omission or event occurring
in connection therewith, and Company hereby waives, releases and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

9.4 Reserved. 

9.5 Amendments and Waivers. 

(a) Requisite Lenders’ Consent. Subject to Sections 9.5(b) and 9.5(c), no amendment, modification,
termination or waiver of any provision of the Credit Documents, or consent to any departure by Company or Holdings therefrom, shall in any event be effective without the written concurrence of Company, Administrative Agent and the Requisite Lenders.

 (b) Affected Lenders’ Consent. Without the written consent of each Lender (other than a Defaulting Lender)
that would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: 

(i) extend the scheduled final maturity of any Revolving Loan or Revolving Loan Note; 

(ii) waive, reduce or postpone any scheduled repayment (but not prepayment); 

(iii) reduce the rate of interest on any Revolving Loan (other than any waiver of any increase in the interest
rate applicable to any Revolving Loan pursuant to Section 2.8) or any fee payable hereunder; 

(iv) extend the time for payment of any such interest or fees; 

(v) reduce the principal amount of any Revolving Loan; 

  
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 (vi) (x) amend the definition of “Borrowing Base” or
(y) amend, modify, terminate or waive Section 2.12, Section 2.13 or Section 2.14 or any provision of this Section 9.5(b) or Section 9.5(c); 

(vii) amend the definition of “Requisite Lenders”, “Revolving Exposure,” “Pro Rata
Share,” “Applicable Advance Rate,” “Revolving Availability,” or any definition used therein; provided, with the consent of Administrative Agent, Company and the Requisite Lenders, additional extensions of
credit pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata Share” on substantially the same basis as the Revolving Commitments and the Revolving Loans are included on the
Original Closing Date; 
 (viii) release all or substantially all of the Collateral except as expressly
provided in the Credit Documents; or 
 (ix) consent to the assignment or transfer by Company or Holdings of
any of its respective rights and obligations under any Credit Document. 
 (c) Other Consents. No amendment,
modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by Company or Holdings therefrom, shall: 

(i) increase any Revolving Commitment of any Lender over the amount thereof then in effect without the consent
of such Lender; provided, no amendment, modification or waiver of any condition precedent, covenant, Default or Event of Default shall constitute an increase in any Revolving Commitment of any Lender; 

(ii) amend, modify, terminate or waive any provision of Section 3.3(a) with regard to any Credit
Extension without the consent of the Requisite Lenders; 
 (iii) amend the definitions of
“Eligibility Criteria” or “Eligible Receivables Obligor” or amend any portion of Appendix C without the consent of each of the Requisite Lenders; 

(iv) amend or modify any provision of Sections 2.11, other than Sections 2.11(c)(vii) and
2.11(e), without the consent of each of the Requisite Lenders; provided, however, that, notwithstanding the foregoing, any such amendment or modification during the continuance of any Hot Backup Servicer Event, Event of Default or Servicer
Default shall only require the consent of the Requisite Lenders; 
 (v) amend or modify any provision of
Section 7.1 without the consent of each of the Requisite Lenders; provided, however, that, notwithstanding the foregoing, any waiver of the occurrence of a Default or an Event of Default shall only require the consent of the Requisite
Lenders; or 

  
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 (vi) amend, modify, terminate or waive any provision of
Section 8 as the same applies to any Agent, or any other provision hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent. 

(d) Execution of Amendments, etc. Administrative Agent may, but shall have no obligation to, with the concurrence of
the Requisite Lenders or any Lender, execute amendments, modifications, waivers or consents on behalf of the Requisite Lenders or such Lender. Any waiver or consent shall be effective only in the specific instance and for the specific purpose for
which it was given. No notice to or demand on Company or Holdings in any case shall entitle Company or Holdings to any other or further notice or demand in similar or other circumstances. Any amendment, modification, termination, waiver or consent
effected in accordance with this Section 9.5 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by Company, on Company. Notwithstanding anything to the contrary contained in this
Section 9.5, if the Administrative Agent and Company shall have jointly identified an obvious error or any error or omission of a technical nature, in each case that is immaterial (as determined by the Administrative Agent in its sole
discretion), in any provision of the Credit Documents, then the Administrative Agent (as applicable, and in its respective capacity thereunder, the Administrative Agent or Collateral Agent) and Company shall be permitted to amend such provision and
such amendment shall become effective without any further action or consent by the Requisite Lenders if the same is not objected to in writing by the Requisite Lenders within five (5) Business Days following receipt of notice thereof. 

9.6 Successors and Assigns; Participations. 

(a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and
shall inure to the benefit of the parties hereto and the successors and assigns of Lenders. Neither Company’s rights or obligations hereunder nor any interest therein may be assigned or delegated by it without the prior written consent of all
Lenders. Nothing in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, Indemnitee Agent Parties under Section 8.6, Indemnitees under Section 9.3, their
respective successors and assigns permitted hereby and, to the extent expressly contemplated hereby, Affiliates of each of the Agents and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Register. Company, the Paying Agent, Administrative Agent and Lenders shall deem and treat the Persons listed as
Lenders in the Register as the holders and owners of the corresponding Commitments and Revolving Loans listed therein for all purposes hereof, and no assignment or transfer of any such Revolving Commitment or Revolving Loan shall be effective, in
each case, unless and until an Assignment Agreement effecting the assignment or transfer thereof shall have been delivered to and accepted by Administrative Agent and recorded in the Register as provided in Section 9.6(e). Prior to such
recordation, all amounts owed with respect to the applicable Revolving Commitment or Revolving Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of
making such request or giving such authority or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Revolving Commitments or Revolving Loans. 

  
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 (c) Right to Assign. Each Lender shall have the right at any time to sell,
assign or transfer all or a portion of its rights and obligations under this Agreement, including, without limitation, all or a portion of its Revolving Commitment or Revolving Loans owing to it or other Obligations (provided, however,
that each such assignment shall be of a uniform, and not varying, percentage of all rights and obligations under and in respect of any Revolving Loan and any related Revolving Commitments) to any Person constituting an Eligible Assignee. Each such
assignment pursuant to this Section 9.6(c) (other than an assignment to any Person meeting the criteria of clause (i) of the definition of the term of “Eligible Assignee”) shall be in an aggregate amount of not less than
$10,000,000 (or such lesser amount as may be agreed to by Company and Administrative Agent or as shall constitute the aggregate amount of the Revolving Commitments and Revolving Loans of the assigning Lender) with respect to the assignment of the
Revolving Commitments and Revolving Loans. 
 (d) Mechanics. The assigning Lender and the assignee thereof shall
execute and deliver to Administrative Agent an Assignment Agreement, together with such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment
Agreement may be required to deliver to Administrative Agent pursuant to Section 2.16(d). 
 (e) Notice of
Assignment. Upon the Administrative Agent’s receipt and acceptance of a duly executed and completed Assignment Agreement and any forms, certificates or other evidence required by this Agreement in connection therewith, Administrative Agent
shall (i) provide Paying Agent with written notice of such assignment, and shall record the information contained in such notice in the Register, (ii) give prompt notice thereof to Company, and (iii) maintain a copy of such Assignment
Agreement. 
 (f) Representations and Warranties of Assignee. Each Lender, upon execution and delivery of the
Existing Credit Agreement or upon executing and delivering an Assignment Agreement, as the case may be, represents and warrants as of the Original Closing Date or as of the applicable Effective Date (as defined in the applicable Assignment
Agreement) that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in commitments or loans such as the applicable Revolving Commitments or Revolving Loans, as the case may be; and
(iii) it will make or invest in, as the case may be, its Revolving Commitments or Revolving Loans for its own account in the ordinary course of its business and without a view to distribution of such Revolving Commitments or Revolving Loans
within the meaning of the Securities Act or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of this Section 9.6, the disposition of such Revolving Commitments or Revolving Loans or
any interests therein shall at all times remain within its exclusive control). 
 (g) Effect of Assignment. Subject
to the terms and conditions of this Section 9.6, as of the “Effective Date” specified in the applicable Assignment Agreement: (i) the assignee thereunder shall have the rights and obligations of a “Lender”
hereunder to the extent such rights and obligations hereunder have been assigned to it pursuant to such Assignment 

  
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Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations
hereunder have been assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the termination hereof under Section 9.8) and be released from its obligations hereunder (and, in the
case of an Assignment Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto; provided, anything contained in any of the Credit Documents to
the contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising prior to the effective date of such assignment; (iii) the
Revolving Commitments shall be modified to reflect the Revolving Commitment of such assignee and any Revolving Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Revolving Note
hereunder, the assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Revolving Loan Notes to Administrative Agent for cancellation, and thereupon Company shall issue and
deliver new Revolving Loan Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Revolving Commitments and/or outstanding Revolving Loans of
the assignee and/or the assigning Lender. 
 (h) Participations. Each Lender shall have the right at any time to sell
one or more participations to any Person (other than Holdings, any of its Subsidiaries or any of its Affiliates or a Direct Competitor) in all or any part of its Revolving Commitments, Revolving Loans or in any other Obligation. The holder of any
such participation, other than an Affiliate of the Lender granting such participation, shall not be entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would
(i) extend the final scheduled maturity of any Revolving Loan or Revolving Loan Note in which such participant is participating, or reduce the rate or extend the time of payment of interest or fees thereon (except in connection with a waiver of
applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or increase the amount of the participant’s participation over the amount thereof then in effect (it
being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Revolving Commitment shall not constitute a change in the terms of such participation, and that an increase in any Revolving Commitment or Revolving
Loan shall be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof), (ii) consent to the assignment or transfer by Company of any of its rights and obligations under this
Agreement, or (iii) release all or substantially all of the Collateral under the Collateral Documents (except as expressly provided in the Credit Documents) supporting the Revolving Loans hereunder in which such participant is participating.
Company agrees that each participant shall be entitled to the benefits of Sections 2.15 or 2.16 to the same extent as if it were a Lender and had acquired its interest by assignment pursuant to clause (c) of this Section;
provided, (i) a participant shall not be entitled to receive any greater payment under Sections 2.15 or 2.16 than the applicable Lender would have been entitled to receive with respect to the participation sold to such
participant, except to the extent such entitlement to receive a greater payment results from a change in law that occurs after the participant acquired the applicable participation, unless the sale of the participation to such participant is made
with Company’s prior written consent, and (ii) a participant that would be a Non-US Lender if it were a Lender shall not be entitled to the benefits of Section 2.16 unless Company
(through a Designated 

  
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Officer) is notified of the participation at the time it is sold to such participant and such participant agrees, for the benefit of Company, to comply with Section 2.16 as though it
were a Lender. To the extent permitted by law, each participant also shall be entitled to the benefits of Section 9.4 as though it were a Lender, provided such Participant agrees to be subject to Section 2.14 as though it
were a Lender. Any Lender that sells such a participation shall, acting solely for this purpose as an agent of the Company, maintain a register on which it enters the name and address of each Participant and the principal amounts (and stated
interest) of each Participant’s interest in such participation and other obligations under this Agreement (the “Participant Register”); provided that no Lender shall have any obligation to disclose all or any portion of
the Participant Register to any Person other than Company (through a Designated Officer), including the identity of any Participant or any information relating to a Participant’s interest or obligations under any Credit Document, except to the
extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the United States Treasury Regulations. The entries in the Participant Register shall be
conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for all purposes of this Agreement notwithstanding any notice to the contrary. For the
avoidance of doubt, the Paying Agent (in its capacity as Paying Agent) shall have no responsibility for maintaining a Participant Register. The Register shall be available for inspection by Company at any reasonable time and from time to time upon
reasonable prior notice. For the avoidance of doubt, the Paying Agent (in its capacity as Paying Agent) shall have no responsibility for maintaining a Participant Register. The Register shall be available for inspection by any Designated Officer of
Company at any reasonable time and from time to time upon reasonable prior notice. Company shall not disclose the identity of any Participant of any Lender or any information relating to such Participant’s interest or obligation to any Person,
provided that Company may make (1) disclosures of such information to Affiliates of such Lender and to their agents and advisors provided that such Persons are informed of the confidential nature of the information and will
be instructed to keep such information confidential, and (2) disclosures required or requested by any Governmental Authority or representative thereof or by the NAIC or pursuant to legal or judicial process or other legal proceeding;
provided, that unless specifically prohibited by applicable law or court order, Company shall make reasonable efforts to notify the applicable Lender of any request by any Governmental Authority or representative thereof (other than any such
request in connection with any examination of the financial condition or other routine examination of Company by such Governmental Authority) for disclosure of any such non-public information prior to
disclosure of such information.  
 (i) Certain Other Assignments. In addition to any other assignment
permitted pursuant to this Section 9.6 any Lender may assign, pledge and/or grant a security interest in, all or any portion of its Revolving Loans, the other Obligations owed by or to such Lender, and its Revolving Loan Notes, if any,
to secure obligations of such Lender including, without limitation, any Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any operating circular issued by such
Federal Reserve Bank; provided, no Lender, as between Company and such Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, in no event shall the
applicable Federal Reserve Bank, pledgee or trustee be considered to be a “Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder. 

  
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 9.7 Independence of Covenants. 

All covenants hereunder shall be given independent effect so that if a particular action or condition is not permitted by any
of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is taken or condition
exists. 
 9.8 Survival of Representations, Warranties and Agreements. 

All representations, warranties and agreements made herein shall survive the execution and delivery hereof and the making of
any Credit Extension. Notwithstanding anything herein or implied by law to the contrary, the agreements of Company set forth in Sections 2.15, 2.16, 9.2, 9.3 and 9.10, the agreements of Lenders set forth in
Sections 2.14 and 8.6 shall survive the payment of the Revolving Loans and the termination hereof. 
 9.9
No Waiver; Remedies Cumulative. 
 No failure or delay on the part of any Agent or any Lender in the exercise of any
power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial exercise of any such power,
right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition to and independent of all
rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents. Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder shall not impair any such
right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 

9.10 Marshalling; Payments Set Aside. 

Neither any Agent nor any Lender shall be under any obligation to marshal any assets in favor of Company or any other Person or
against or in payment of any or all of the Obligations or any other amount due hereunder. To the extent that Company makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf of Lenders), or Administrative
Agent, Collateral Agent or Lenders enforce any security interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently invalidated, declared to be
fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent of such recovery, the
obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been made or such
enforcement or setoff had not occurred. 

  
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 9.11 Severability. 

In case any provision in or obligation hereunder or any Revolving Loan Note or other Credit Document shall be invalid, illegal
or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby. 

9.12 Obligations Several; Actions in Concert. 

The obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any
other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by Lenders pursuant hereto or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of
entity. Anything in this Agreement or any other Credit Document to the contrary notwithstanding, each Lender hereby agrees with each other Lender that no Lender shall take any action to protect or enforce its rights arising out of this Agreement or
any Revolving Loan Note or otherwise with respect to the Obligations without first obtaining the prior written consent of the applicable Agent (other than the Paying Agent) or Requisite Lenders (as applicable), it being the intent of Lenders that
any such action to protect or enforce rights under this Agreement and any Revolving Loan Note or otherwise with respect to the Obligations shall be taken in concert and at the direction or with the consent of Agent or Requisite Lenders (as
applicable). 
 9.13 Headings. 

Section headings herein are included herein for convenience of reference only and shall not constitute a part hereof for any
other purpose or be given any substantive effect. 
 9.14 APPLICABLE LAW. 

THIS AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 
 9.15 CONSENT TO JURISDICTION. 

(A) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST COMPANY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENT, OR ANY
OF THE OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, COMPANY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY
(a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (c) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE
MADE BY REGISTERED OR CERTIFIED MAIL, RETURN 

  
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RECEIPT REQUESTED, TO COMPANY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.1 AND TO ANY PROCESS AGENT SELECTED IN ACCORDANCE WITH SECTION 3.1 ABOVE IS SUFFICIENT TO CONFER
PERSONAL JURISDICTION OVER COMPANY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (d) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER
PERMITTED BY LAW OR TO BRING PROCEEDINGS AGAINST COMPANY IN THE COURTS OF ANY OTHER JURISDICTION. 
 (B) COMPANY
HEREBY AGREES THAT PROCESS MAY BE SERVED ON IT BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE ADDRESSES PERTAINING TO IT AS SPECIFIED IN SECTION 9.1 OR ON CORPORATION SERVICE COMPANY, 1180 AVENUE OF THE AMERICAS, SUITE 120, NEW YORK, NEW
YORK 10036 AND HEREBY APPOINTS CORPORATION SERVICE COMPANY, AS ITS AGENT TO RECEIVE SUCH SERVICE OF PROCESS. ANY AND ALL SERVICE OF PROCESS AND ANY OTHER NOTICE IN ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE EFFECTIVE AGAINST COMPANY IF GIVEN BY
REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, OR BY ANY OTHER MEANS OR MAIL WHICH REQUIRES A SIGNED RECEIPT, POSTAGE PREPAID, MAILED AS PROVIDED ABOVE. IN THE EVENT CORPORATION SERVICE COMPANY SHALL NOT BE ABLE TO ACCEPT SERVICE OF PROCESS
AS AFORESAID AND IF COMPANY SHALL NOT MAINTAIN AN OFFICE IN NEW YORK CITY, COMPANY SHALL PROMPTLY APPOINT AND MAINTAIN AN AGENT QUALIFIED TO ACT AS AN AGENT FOR SERVICE OF PROCESS WITH RESPECT TO THE COURTS SPECIFIED IN THIS SECTION 9.15
ABOVE, AND ACCEPTABLE TO THE ADMINISTRATIVE AGENT, AS COMPANY’S AUTHORIZED AGENT TO ACCEPT AND ACKNOWLEDGE ON COMPANY’S BEHALF SERVICE OF ANY AND ALL PROCESS WHICH MAY BE SERVED IN ANY SUCH ACTION, SUIT OR PROCEEDING. 

9.16 WAIVER OF JURY TRIAL. 

EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION
BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER
IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY
CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND
THAT EACH 

  
 108 

 
WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT
KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY
REFERRING TO THIS SECTION 9.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS
OR AGREEMENTS RELATING TO THE REVOLVING LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

9.17 Confidentiality. 

Each Agent and Lender shall hold all non-public information regarding Holdings and its
Subsidiaries and their businesses obtained by such Lender or Agent confidential and shall not disclose such information; provided, however, that, in any event, a Lender or Agent may make (a) disclosures of such information to
Affiliates of such Lender or Agent and to their agents, auditors, attorneys and advisors (and to other persons authorized by a Lender or Agent to organize, present or disseminate such information in connection with disclosures otherwise made in
accordance with this Section 9.17) provided that such Persons are informed of the confidential nature of the information and agree to keep, or with respect to the Collateral Agent and Paying Agent such Persons will be instructed
to keep, such information confidential, (b) disclosures of such information to any other Lender or Agent, (c) disclosures of such information reasonably required by any bona fide or potential assignee, transferee or participant in
connection with the contemplated assignment, transfer or participation by such Lender of any Revolving Loans or any participations therein, provided that no disclosure shall be made to any Direct Competitor except in connection with an
assignment or potential assignment to a Direct Competitor that is an Eligible Assignee and such Persons are informed of the confidential nature of the information and agree to hold such confidential information substantially in accordance with the
terms of this Section 9.17, (d) disclosure to any rating agency when required by it, (e) disclosure to any Lender’s financing source or the directors, trustees, officers, employees, agents, attorneys, independent or
internal auditors, financial advisors or other professional advisors of such financing source who, in each case, agree to hold confidential such confidential information substantially in accordance with this Section 9.17,
(f) disclosures required by any applicable statute, law, rule or regulation or requested by any Governmental Authority or representative thereof or by any regulatory body or by the NAIC or pursuant to legal or judicial process or other legal
proceeding; provided, that unless specifically prohibited by applicable law or court order, each Lender or Agent shall make reasonable efforts to notify Company of any request by any Governmental Authority or representative thereof (other
than any such request in connection with any examination of the financial condition or other routine examination of such Lender or Agent by such Governmental Authority) for disclosure of any such non-public
information prior to disclosure of such information, and (e) any other disclosure authorized by the Company in writing in advance. Notwithstanding the foregoing, (i) the foregoing shall not be construed to 

  
 109 

 
prohibit the disclosure of any information that is or becomes publicly known or information obtained by a Lender or Agent from sources other than the Company other than as a result of a
disclosure by an Agent or Lender known (or that should have reasonably been known) to be in violation of this Section 9.17, and (ii) on or after the Original Closing Date, the Administrative Agent may, at its own expense issue news
releases and publish “tombstone” advertisements and other announcements generally describing this transaction in newspapers, trade journals and other appropriate media (which may include use of logos of Company or Holdings) (collectively,
“Trade Announcements”). Company shall not issue, and shall cause Holdings not to issue, any Trade Announcement using the name of any Agent or Lender, or their respective Affiliates or referring to this Agreement or the other Credit
Documents, or the transactions contemplated thereunder except (x) disclosures required by applicable law, regulation, legal process or the rules of the Securities and Exchange Commission or (y) with the prior approval of Administrative
Agent (such approval not to be unreasonably withheld). 
 9.18 Usury Savings Clause. 

Notwithstanding any other provision herein, the aggregate interest rate charged or agreed to be paid with respect to any of the
Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the preceding sentence) under
this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Revolving Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the amount of interest
which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Revolving Loans made hereunder are repaid in full the total interest due hereunder (taking into
account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent permitted by law,
Company shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if the Highest Lawful Rate had at all times been in effect. Notwithstanding the
foregoing, it is the intention of Lenders and Company to conform strictly to any applicable usury laws. Accordingly, if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate,
then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be applied to the outstanding amount of the Revolving Loans made hereunder or be refunded to Company. In determining whether the
interest contracted for, charged, or received by Administrative Agent or a Lender exceeds the Highest Lawful Rate, such Person may, to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense,
fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate, allocate, and spread in equal or unequal parts the total amount of interest, throughout the contemplated term of
the Obligations hereunder. 

  
 110 

 9.19 Counterparts. 

This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be deemed an
original, but all such counterparts together shall constitute but one and the same instrument. 
 9.20 Effectiveness.

 This Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto and
receipt by Company and Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof. 

9.21 Patriot Act. 

Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Company that pursuant to the
requirements of the Act, it is required to obtain, verify and record information that identifies Company, which information includes the name and address of Company and other information that will allow such Lender or Administrative Agent, as
applicable, to identify Company in accordance with the Act. 
 9.22 Assignment. 

For an agreed consideration, effective as of the Amendment Effective Date, ODBL IV, LLC hereby irrevocably sells and assigns to
WC 2014-1, LLC, and WC 2014-1, LLC hereby irrevocably purchases and assumes from ODBL IV, LLC, 100% of the Revolving Commitments and outstanding Revolving Loans held by ODBL IV, LLC as of the date hereof along with all other rights and obligations
of ODBL IV, LLC as a Lender under the Credit Documents and other documents and instruments delivered pursuant thereto. 
 [Remainder
of page intentionally left blank] 

  
 111 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be
duly executed and delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

			
	 ON DECK CAPITAL, INC., for purposes of Section 5.10 only

		
	 By:
		 /s/ Howard Katzenberg

	 Name:
		 Howard Katzenberg

	 Title:
		 Chief Financial Officer

	
	 ON DECK ASSET COMPANY, LLC, as Company

		
	 By:
		 /s/ Howard Katzenberg

	 Name:
		 Howard Katzenberg

	 Title:
		 Chief Financial Officer

	
	 WC 2014-1, LLC,

as Administrative Agent

		
	 By:
		 /s/ Jack Ross

	 Name:
		 Jack Ross

	 Title:
		 Authorized Person

	
	 WC 2014-1, LLC,

as a Lender

		
	 By:
		 /s/ Jack Ross

	 Name:
		 Jack Ross

	 Title:
		 Authorized Person

 
			
	 DEUTSCHE BANK TRUST COMPANY AMERICAS,

as Paying Agent and Collateral Agent

		
	 By:
		 /s/ Lucy Hsieh

	 Name:
		 Lucy Hsieh

	 Title:
		 Assistant Vice President

		
	 By:
		 /s/ Rajesh Rampersaud

	 Name:
		 Rajesh Rampersaud

	 Title:
		 Assistant Vice President

 APPENDIX A 

TO CREDIT AGREEMENT 

Revolving Commitments (as of the Amendment Effective Date) 
  

									
	 Lender
	  	Revolving Commitment	 	  	Pro Rata Share	 
	 WC 2014-1, LLC
	  	$	50,000,000.00	  	  	 	100.0	% 
		  	  
	  
	 	  	  
	  
	 
	 Total
		$	50,000,000.00	  		 	100	% 
		  	  
	  
	 	  	  
	  
	 

  
 APPENDIX A-3-1 

 APPENDIX B 

TO CREDIT AGREEMENT 

Notice Addresses 
 On
Deck Asset Company, LLC 
 1400 Broadway, 25th Floor 

New York, NY 10018 
 Attention:
General Counsel, On Deck Capital 
 Telephone: 917-677-7117 

Facsimile: 646-417-6376 

  
 APPENDIX B-1 

 WC 2014-1, LLC, AS ADMINISTRATIVE AGENT AND LENDER 

WC 2014-1, LLC 
 1140 Avenue of
the Americas, 7th Floor 
 New York, NY 10036 

(P) 212-257-4606 
 (F)
212-257-4699 
 Attention: General Counsel 

  
 APPENDIX B-2 

 APPENDIX C 

TO CREDIT AGREEMENT 

“Eligibility Criteria” means, with respect to a Receivable as of any date of determination: 

 

	 	 (a)
	 such Receivable represents a legal, valid and binding obligation of the related Receivables Obligor and related Receivables Guarantor, enforceable
against such Receivables Obligor and related Receivables Guarantor, in accordance with its terms, except as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally
or by equitable principles relating to enforceability; 

  

	 	 (b)
	 such Receivable was originated in the ordinary course of the Seller’s or the Receivables Account Bank’s business; 

 

	 	 (c)
	 such Receivable was in all material respects originated in accordance with, and complies in all material respects with, all applicable Requirements
of Law, including any applicable usury laws and credit protection laws; 

  

	 	 (d)
	 such Receivable was acquired by the Company from Holdings or the Receivables Account Bank, as applicable, and at the time of such acquisition
Holdings or the Receivables Account Bank, as applicable, was not a debtor in any proceeding under any Debtor Relief Law; 

  

	 	 (e)
	 such Receivable is due from an Eligible Receivables Obligor; 

 

	 	 (f)
	 such Receivable is (a) not subject to any defense (including any defense arising out of violations of usury laws), counterclaim, set-off or
right of recession (or any such rescission right has expired in accordance with applicable law) and (b) due from a Receivable Obligor that has not asserted any defense, counterclaim, set-off or right of recession with respect to such
Receivable; 

  

	 	 (g)
	 such Receivable is not a Charged-Off Receivable and has not been Re-Aged; 

 

	 	 (h)
	 (i) if such Receivable is a Daily Pay Receivable, as of the second Business Day immediately preceding the Transfer Date on which such Receivable
became a Pledged Receivable, such Receivable had a Missed Payment Factor of one (1) or less and (ii) if such Receivable is a Daily Pay Receivable, as of the Business Day immediately preceding the Transfer Date on which such Receivable
became a Pledged Receivable, such Receivable had a Missed Payment Factor of one (1) or less and at least one Payment due had been received on such Receivable, and (iii) if such Receivable is a Weekly Pay Receivable, as of the Business Day
immediately preceding the Transfer Date on which such Receivable became a Pledged Receivable, such Receivable was not a Delinquent Receivable; 

  

	 	 (i)
	 such Receivable has a Missed Payment Factor of (x) with respect to Daily Pay Receivables, (i) ten (10) or less, or (ii) twenty
(20) or less and Payments have been received on such Receivable on at least one of the last three (3) Payment 

  
 APPENDIX C-1 

	 	
Dates, or (y) with respect to Weekly Pay Receivables, two (2) or less, or (ii) four (4) or less and Payments have been received on such Receivable on the last Payment Date;

  

	 	 (j)
	 such Receivable is an ACH Receivable; 

  

	 	 (k)
	 such Receivable is denominated in Dollars; 

  

	 	 (l)
	 such Receivable has an Aggregate Obligor Exposure of $250,000 or less; 

 

	 	 (m)
	 such Receivable has an original term that did not exceed eighteen (18) months; 

 

	 	 (n)
	 such Receivable is a Receivable regarding which an unconditional personal guaranty of all obligations under such Receivable has been provided by
the related Receivables Guarantor; 

  

	 	 (o)
	 if a Term Receivable, such Receivable has a Receivables Yield greater than or equal to 19% per annum; and if an LOC Receivable, such
Receivable has a Receivables Yield greater than or equal to 36%; 

  

	 	 (p)
	 (i) with respect to each Term Receivable, such Term Receivable does not, together with all other Eligible Receivables that are Term Receivables,
cause the Term Portfolio Weighted Average Receivable Yield to be less than 45% per annum, or (ii) with respect to each LOC Receivable, such LOC Receivable does not, together with all other Eligible Receivables that are LOC Receivables,
cause the LOC Portfolio Weighted Average Receivable Yield to be less than 34% per annum; 

  

	 	 (q)
	 such Term Receivable does not, together with all other Eligible Receivables, cause the weighted average remaining term of all Eligible Receivables
that are Term Receivables to be greater than thirteen and a half (13.5) months; 

  

	 	 (r)
	 such Term Receivable does not, together with all other Eligible Receivables, cause the average Aggregate Obligor Exposure under all Eligible
Receivables that are Term Receivables with a balance greater than $0 to exceed $150,000; 

  

	 	 (s)
	 such Receivable does not, together with all other Eligible Receivables, cause the weighted average FICO score (as determined on the date of
underwriting) for all Receivable Obligors to be less than 640; 

  

	 	 (t)
	 the Receivables Obligor for such Receivable was assigned an On Deck Score greater than 441 as of the date of its underwriting;

  

	 	 (u)
	 the Receivables Obligor for such Receivable had a FICO score equal to or greater than 500 as of the date of its underwriting;

  

	 	 (v)
	 such Receivable is a Receivable for which Payments are due and payable on each date due in equal installments, a portion of which is applied
thereunder to the payment of interest and a portion of which is applied thereunder to the payment of principal; 

  
 APPENDIX C-2 

	 	 (w)
	 such Receivable was underwritten and originated in accordance with the Underwriting Policies; 

 

	 	 (x)
	 such Receivable has been serviced by Holdings since origination in all material respects in accordance with the Servicing Standard (as defined in
the Servicing Agreement); 

  

	 	 (y)
	 (i) with respect to each Term Receivable, such Term Receivable has been fully disbursed, and the related Receivables Obligor has no additional
right to further fundings under the related Receivable Agreement, and (ii) with respect to each Receivable, the related Receivable Agreement requires that the proceeds of such Receivable to be used for business purposes and not for personal,
family or household purposes; 

  

	 	 (z)
	 (i) with respect to each Term Receivable, such Term Receivable has not had any of the terms, conditions or provisions of the corresponding
Receivable Agreement amended, modified, restructured or waived except in accordance with the Underwriting Policies, or (ii) with respect to each LOC Receivable, such LOC Receivable has not had any of the terms, conditions or provisions of the
corresponding Receivable Agreement amended, modified, restructured or waived except in connection with an Automatic LOC Payment Modification, in accordance with the Underwriting Policies or, solely with respect to changes to the credit limit of such
Receivables Obligor, the express terms of such Receivable Agreement; 

  

	 	 (aa)
	 such Receivable constitutes an Account, a “payment intangible” (as defined in the UCC) or proceeds thereof and is not Chattel Paper;

  

	 	 (bb)
	 if such Receivable is an E-Sign Receivable, it was originated in accordance with all applicable laws governing the collection of electronic
signatures or records; 

  

	 	 (cc)
	 such Receivable was originated by the Seller or a Receivables Account Bank without fraud on the part of any Person, including, without limitation,
the Receivables Obligor thereof or any other party involved in its origination; 

  

	 	 (dd)
	 if such Receivable was originated by Holdings, such Receivable was originated in, and is governed by the laws of, Virginia (or such other State as
may be approved in writing by the Administrative Agent from time to time (such consent not to be unreasonably withheld)) and Virginia (or such other State approved by the Administrative Agent) was an Approved State as of its date of origination and
as of its transfer date; 

  

	 	 (ee)
	 if such Receivable was originated by a Receivables Account Bank, (i) such Receivables Account Bank underwrote, approved, processed and
disbursed the proceeds of such Receivable out of an office or branch of such Receivables 

  
 APPENDIX C-3 

	 	
Account Bank in a U.S. jurisdiction which was an Approved State as its date of origination and as of its transfer date and (ii) such Receivable is governed by the laws of an Approved State
as of its date of origination and as of its transfer date; 

  

	 	 (ff)
	 copies (or electronic copies) of each of the documents required by, and listed in, the Document Checklist attached to the Custodial Agreement are
included in the Receivable File with respect to such Receivable and such Receivable File has been delivered to and accepted by the Custodian in accordance with Section 2.2(c)(i) of the Custodial Agreement; 

 

	 	 (gg)
	 if such Receivable is a Transfer Account Receivable, (i) a Transfer Account in the name of the related Receivables Obligor has been opened and
(ii) the related Receivables Obligor has instructed the applicable Processor to remit future Credit Card Payments in respect of such Receivable to such Receivables Obligor’s Transfer Account; 

 

	 	 (hh)
	 once sold or contributed by Holdings to the Company pursuant to the Asset Purchase Agreement, the Company owns such Receivable (and such Receivable
is not subject to any Liens other than Permitted Liens); 

  

	 	 (ii)
	 immediately prior to the sale or contribution of such Receivable to the Company pursuant to the Asset Purchase Agreement, Holdings had good and
marketable title to such Receivable, free and clear of all Liens (other than any Lien which has been or will be terminated concurrently with such sale or contribution to the Company); 

 

	 	 (jj)
	 such Receivable has not been sold, transferred, assigned or pledged by Holdings to any Person other than the Company (other than (i) any
Receivable securing Indebtedness of Holdings that was automatically released under the terms of such Indebtedness upon the sale or contribution of such Receivable to Company by Holdings, (ii) any SBAF Receivable transferred to Holdings in
accordance with the terms of a Receivables Purchase Agreement and the Administrative Agent has received documents evidencing such transfer and lien release documents reasonably requested by the Administrative Agent with respect to such SBAF
Receivable, and (iii) other Receivables previously owned by another Affiliate of Holdings, if so approved by the Administrative Agent); 

  

	 	 (kk)
	 the Collateral Agent has a valid First Priority perfected Lien in such Receivable; 

 

	 	 (ll)
	 Holdings has caused its master computer records relating to such Receivable to be clearly and unambiguously marked to show that such Receivable has
been sold and/or contributed by Holdings pursuant to the Asset Purchase Agreement and pledged by Company under the Security Agreement; 

  

	 	 (mm)
	 the transfer, assignment and conveyance of such Receivable and the Related Security from Holdings to Company pursuant to the Asset Purchase
Agreement are not subject to and will not result in any tax, fee or governmental charge payable or reimbursable by Company or any other Person party thereto, and, if 

  
 APPENDIX C-4 

	 	
such Receivable was originated by a Receivables Account Bank, the transfer, assignment and conveyance of such Receivable and the Related Security from such Receivables Account Bank to Holdings
pursuant to the applicable Receivables Program Agreement are not subject to and will not result in any tax, fee or governmental charge payable or reimbursable by Company; 

 

	 	 (nn)
	 [reserved]. 

  

	 	 (oo)
	 all representations and warranties relating to such Receivable and the Related Security set forth in the Credit Documents are true in all material
respects; 

  

	 	 (pp)
	 the information with respect to such Receivable set forth in the Transfer Notice (as defined in the Asset Purchase Agreement), each Borrowing Base
Certificate and each Monthly Servicing Report is true and correct in all material respects; 

  

	 	 (qq)
	 such Receivable is fully amortizing over (i) in the case of a Term Receivable, its term and (ii) in the case of an LOC Receivable, the
“applicable amortization period” set forth in the applicable Receivables Agreement not to exceed twenty-six (26) full weeks following the date of the last advance made thereunder, in each case with an Outstanding Principal Balance
that amortizes each day Payments are received thereunder; 

  

	 	 (rr)
	 the proceeds of such Receivable have not been and will not be used to satisfy, in whole or part, any Indebtedness owed or owing by the related
Receivables Obligor to Holdings, a Receivables Account Bank or Company or any Affiliate of Holdings, except for any refinancing of an existing Receivable if (i) all payments on such existing Receivable were contractually current prior to its
refinancing and (ii) Company has delivered to the Administrative Agent any release documents reasonably requested by the Administrative Agent with respect to such existing Receivable; 

 

	 	 (ss)
	 with respect to each Term Receivable, the required monthly payments due under such Term Receivable were less than 30% of the Receivables
Obligor’s average monthly bank deposits as of the date of its underwriting; 

  

	 	 (tt)
	 with respect to each Term Receivable, such Term Receivable has an original principal balance of $20,000 or less or (i) Holdings has filed a
UCC-1 Financing Statement against the Receivables Obligor for such Term Receivable describing such Receivable and Related Security and naming the related Receivables Obligor, as debtor, Holdings or a UCC Agent, as secured party, substantially in the
form attached hereto as Exhibit H, and (ii) if such UCC-1 Financing Statement names a UCC Agent as secured party, (x) an Agency Agreement is in full force and effect with respect to such UCC Agent and (y) the related Receivable
Agreement states that Holdings may file UCC Financing Statements against the Receivables Obligor which names Holdings or its secured party representative as the secured party thereon; 

  
 APPENDIX C-5 

	 	 (uu)
	 the Upfront Fees charged by Holdings with respect to such Receivable do not exceed the Maximum Upfront Fee; 

 

	 	 (vv)
	 with respect to each Term Receivable, if the Receivables Obligor thereunder has, inclusive of such Term Receivable and all other Receivables of
such Receivables Obligor, an Aggregate Obligor Exposure of more than $75,000 but less than $120,000 (each such Term Receivable satisfying such criterion being a “$75k-$120k Receivable”), such Term Receivable does not cause the
weighted average (i) FICO score (as determined on the date of underwriting) for all Receivable Obligors under $75k-$120k Receivables to be less than 700, or (ii) On Deck Score (as determined on the date of underwriting) for all Receivable
Obligors under $75k-$120k Receivables to be less than 510, provided however, that if one or more $75k-$120k Receivables is deemed not to satisfy the Eligibility Criteria because of this clause (vv), $75k-$120k Receivables shall be
deemed not to satisfy the Eligibility Criteria in order from lowest to highest FICO Score or On Deck Score, as applicable, until the remaining $75k-$120k Receivables satisfy this clause (vv); 

 

	 	 (ww)
	 if such Receivable is as of such date a $75k-$120k Receivable, as of the date of its underwriting (i) the Receivables Obligor for such
Receivable had a FICO score equal to or greater than 660, and (ii) the Receivables Obligor for such Receivable had an On Deck Score equal to or greater than 480; 

 

	 	 (xx)
	 with respect to each Term Receivable, if the Receivables Obligor thereunder has, inclusive of such Term Receivable and all other Receivables of
such Receivables Obligor, an Aggregate Obligor Exposure of $120,000 or more but less than $150,000, as of the date of its underwriting (i) the Receivables Obligor for such Term Receivable had a FICO score equal to or greater than 700, and
(ii) the Receivables Obligor for such Term Receivable had an On Deck Score equal to or greater than 510; 

  

	 	 (yy)
	 with respect to each Term Receivable, if the Receivables Obligor thereunder has, inclusive of such Term Receivable and all other Receivables of
such Receivables Obligor, an Aggregate Obligor Exposure of $150,000 or more, as of the date of its underwriting (i) the Receivables Obligor for such Term Receivable had a FICO score equal to or greater than 700, and (ii) the Receivables
Obligor for such Term Receivable had an On Deck Score equal to or greater than 520; 

  

	 	 (zz)
	 such Receivable is not an Online Product and, with respect to any Term Receivable, the Obligor thereof submitted to Holdings in connection with its
application for such Term Receivable no fewer than: (x) in the case of any On Deck Express Product, one (1) bank account statement in respect of its operating checking account; or (y) in all other cases, three (3) bank account
statements in respect of its operating checking account; 

  
 APPENDIX C-6 

	 	 (aaa)
	 with respect to each LOC Receivable, all other LOC Receivables originated under the same OnDeck LOC have been acquired by Company within five
(5) Business Days of origination; and 

  

	 	 (bbb)
	 with respect to each LOC Receivable, such LOC Receivable was not originated through the Funding Advisor Program channel. 

For purposes of items (s), (t), (u), (w), (ss) and (zz) above, the date of underwriting of each LOC Receivable shall be deemed
for all purposes to be the date upon which the underwriting occurred for the OnDeck LOC under which such LOC Receivable was originated. 

“Eligible Receivables Obligor” means, with respect to a Receivables Obligor, that: 

 

	 	 (a)
	 such Receivables Obligor is domiciled in the United States (or territory thereof); 

 

	 	 (b)
	 such Receivables Obligor is not a Governmental Authority; 

 

	 	 (c)
	 such Receivables Obligor is not subject to any proceedings under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or
similar law now or hereafter in effect; 

  

	 	 (d)
	 such Receivables Obligor is not an employee or Affiliate of Company or Holdings or an employee of an Affiliate of Company or Holdings;

  

	 	 (e)
	 such Receivables Obligor is not a natural Person; 

  

	 	 (f)
	 each Receivables Guarantor with respect to such Receivables Obligor is a natural person and is a legal U.S. resident; 

 

	 	 (g)
	 such Receivables Obligor has not closed or sold its business; 

 

	 	 (h)
	 such Receivables Obligor does not operate in a prohibited industry as described in the Underwriting Policies; 

 

	 	 (i)
	 such Receivables Obligor is not a party to any other loan or advance arrangements similar to those provided by Holdings with another lender or
advance provider, in each case that lends or advances funds based on the Receivables Obligor’s future collections or credit card receipts; and 

  

	 	 (j)
	 such Receivables Obligor is a business that has been operating for at least one year. 

  
 APPENDIX C-7 

 APPENDIX D 

TO CREDIT AGREEMENT 

EXCESS CONCENTRATION AMOUNTS 

“Excess Concentration Amounts” means, as of any date of determination, the sum, without duplication, of: 

(a) the aggregate amount by which the aggregate Outstanding Principal Balance of all Eligible Receivables that are Term
Receivables which were originated as part of a refinancing or renewal of a Term Receivable of the same Receivables Obligor where, at the time of such refinancing or renewal, such Receivables Obligor was not within two (2) scheduled Payments of
having paid at least 45% of all of the Payments due and payable at the time of origination under such existing Term Receivable, exceeds 0% of the Outstanding Principal Balance of all Eligible Receivables; 

(b) the aggregate amount by which the aggregate Outstanding Principal Balance of all Eligible Receivables that are Term
Receivables for which payments are due and payable only once each calendar week exceeds 30% of the Outstanding Principal Balance of all Eligible Receivables that are Term Receivables; and 

(c) the aggregate amount by which the aggregate Outstanding Principal Balance of all Eligible Receivables that are LOC
Receivables exceeds 5% of the Outstanding Principal Balance of all Eligible Receivables. 

  
 APPENDIX D-1 

 APPENDIX E 

TO CREDIT AGREEMENT 

PORTFOLIO PERFORMANCE COVENANTS 

(a) As determined as of the end of any Monthly Period beginning September 30, 2013 by reference to the chart below, the
Cumulative Static Pool Default Ratio in respect of any Vintage Pool shall not exceed, for any “Month,” the maximum Cumulative Static Pool Default Ratio set forth opposite such month in the column “Any Single Quarter” (with the
reference to “Month” referring to the number of months ended since the end of the Fiscal Quarter during which such Vintage Pool was originated); 

(b) As determined as of the end of any Monthly Period beginning September 30, 2013 by reference to the chart below, the
Cumulative Static Pool Default Ratio in respect of the Q3 Vintage Pool shall not exceed, for any “Month,” the maximum Cumulative Static Pool Default Ratio set forth opposite such month in the column “Any Single Quarter” (with
“Month 1” for this purpose referring to the month ended October 31, 2013, “Month 2” for this purpose referring to the month ended November 30, 2013, “Month 3” for this purpose referring to the month ended
December 31, 2013, and etc.); 
 Cumulative Static Pool Default Ratio 

 

			
	 Month
	  	Any Single Quarter
	1	  	4.00%
	2	  	5.00%
	3	  	6.00%
	4	  	7.00%
	5	  	8.00%
	6	  	9.00%
	7	  	10.00%
	8	  	11.00%
	9	  	11.00%
	10	  	12.00%
	11	  	12.00%
	12	  	12.00%
	13	  	12.00%
	14	  	12.00%
	15	  	12.00%
	16	  	12.00%
	17	  	12.00%
	18	  	12.00%
	19	  	12.00%
	20	  	12.00%
	21	  	12.00%
	22	  	12.00%
	23	  	12.00%
	24	  	12.00%

  
 APPENDIX E-1 

 (c) For any Monthly Period beginning with October 2013, the Rolling 3-Month
Average Maximum 15 Day Delinquency Rate shall be less than or equal to 12%; 
 (d) For any Monthly Period beginning with
October 2013, the Rolling 3-Month Average Maximum Delinquency Rate shall be less than or equal to 19%; 
 (e) For any
Monthly Period beginning with September 2013, the Term Excess Spread shall not be less than 15.0%; 
 (f) For any Monthly
Period beginning with January 2015, the LOC Excess Spread shall not be less than 6.5%; or 
 (g) For any Monthly Period, the
LOC Loss Rate shall be less than or equal to 12%. 

  
 APPENDIX E-2 

 APPENDIX F 

TO CREDIT AGREEMENT 
 See
Attached 

  
 APPENDIX G-1 

 Schedule 1.1-A 

[Reserved] 

  
 Sch. 1.1A-1 

 Schedule 1.1-B 

Financial Covenants 

(a) Minimum Tangible Net Worth. As of the last day of any Fiscal Quarter, Tangible Net Worth shall not be
less than $60,000,000. 
 (b) Leverage Ratio. The Leverage Ratio as of the last day of any Fiscal Quarter,
shall not exceed 6:1. 
 (c) Minimum Consolidated Liquidity. As of the last day of any Fiscal Quarter,
Consolidated Liquidity shall not be less than $20,000,000. 
 (d) Minimum Unrestricted Cash. As of the last
day of any Fiscal Quarter, unrestricted Cash and Cash Equivalents of Holdings and its Subsidiaries shall not be less than $12,000,000. 

 Schedule 4.1 

Jurisdictions of Organization and Qualification; Trade Names 

Company’s jurisdiction of formation is Delaware. 

 Schedule 4.2 

Capital Stock and Ownership 

The Capital Stock of the Company is 100% owned by On Deck Capital, Inc.EX-10.21

 Exhibit 10.21 

LEASE MODIFICATION AGREEMENT 

THIS LEASE MODIFICATION AGREEMENT (this “Agreement”) is made as of the 3rd day of March, 2015, by and
between ESRT 1400 Broadway, L.P., with an address at c/o Empire State Realty Trust, 60 East 42nd Street, New York, New York 10165 (“Landlord”) and On Deck Capital, Inc., with an address at 1400 Broadway, 25th Floor, New York, New York 10018 (“Tenant”). 
 W I T N E S S E T H 

WHEREAS, Landlord’s predecessor-in-interest and Tenant previously entered into a certain Agreement of Lease dated
as of September 25, 2012 (the “Original Lease”) demising to Tenant the entire twenty-fifth (25th) floor (the “25th
Floor”) in the building (the “Building”) known as 1400 Broadway, New York, New York; and 
 WHEREAS,
Landlord’s predecessor-in-interest and Tenant previously entered into a certain Lease Modification Agreement dated as of January 23, 2014 (the “First Modification”) pursuant to which Tenant also leased from Landlord Suites
2400, 2406 and 2405A in the Building (the “2400/2406/2405A Space”); and 
 WHEREAS, Landlord’s
predecessor-in-interest and Tenant previously entered into a certain Lease Modification Agreement dated as of May 12, 2014 (the “Second Modification”; and, together with the Original Lease and the First Modification, the
“Lease”) pursuant to which Tenant also leased from Landlord certain previously common area space on the twenty-fourth (24th) floor in the Building (such space, together with the
2400/2406/2405A Space and the 25th Floor, the “Original Space”); and 

WHEREAS, in addition to the Original Space, Tenant desires to lease certain additional spaces, more particularly known
as Suites 2200 and 2203 (collectively, the “New 22nd Floor Space”), the entire twenty-third (23rd) floor (the “23rd Floor”), Suites 2403, 2404 and 2405B (collectively, the “New 24th Floor Space”) and the entire twelfth floor (the “12th Floor; and together with the New 22nd Floor Space, the 23rd Floor and the New 24th Floor Space, the “New Additional Spaces”) in the Building and modify the Lease as set forth herein. Floor plans depicting, by cross-hatching, the New 22nd Floor Space, the 23rd Floor, the New 24th Floor Space and the 12th Floor are annexed hereto as Exhibits A-1, A-2, A-3, and A-4, respectively; and 

WHEREAS, Landlord and Tenant desire to extend the term of the Lease and to otherwise modify Lease as set forth herein.

 NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, Landlord and Tenant hereby agree as follows: 
 1. Preamble 

The terms of the preamble are incorporated into this Agreement and are made a part hereof. 

 2. Extension of Term 

Landlord and Tenant hereby agree to extend the term of the Lease from September 1, 2023 through and including the date
which is the day immediately preceding the ten (10) year and ten (10) month anniversary of the 23rd Floor Commencement Date (as such term is defined below) (such date, the “New
Expiration Date”), unless same shall be sooner terminated in accordance with the provisions of the Lease, as modified hereby and, accordingly, Tenant’s use and occupancy of the demised premises from and after the date hereof shall be on
all of the terms and conditions of the Lease, as modified hereby (including the fixed annual rent and additional rent, as same is modified herein and as same has been and in the future may be adjusted in accordance with the provisions of the Lease,
as modified hereby). Notwithstanding the foregoing, if the New Expiration Date is not the last day of a calendar month, then the New Expiration Date shall be the last day of the calendar month in which occurs the day immediately preceding the ten
(10) year and ten (10) month anniversary of the 23rd Floor Commencement Date. All references in the Lease to the Expiration Date or the expiration date shall mean the New Expiration
Date, as defined herein. For the avoidance of doubt, the expiration date for both the Original Space and the New Additional Spaces shall be the New Expiration Date. 

3. New 22nd Floor Space 

(A) Term for the New 22nd Floor Space 

Tenant hereby leases the New 22nd Floor Space for the term commencing on
the New 22nd Floor Space Commencement Date (as such term is defined below) and expiring on the New Expiration Date, unless sooner terminated pursuant to any provision hereof or by law. 

The “New 22nd Floor Space Commencement Date” shall be the date upon which both (i) Landlord’s New 22nd
Floor Space Work (as defined below) shall be substantially completed and (ii) Landlord shall deliver possession of the New 22nd Floor Space to Tenant. Tenant shall, within fifteen (15) days of request therefor by Landlord, execute,
acknowledge and deliver to Landlord an instrument in form reasonably satisfactory to Landlord confirming the New 22nd Floor Space Commencement Date provided, however, Tenant’s failure to execute, acknowledge and deliver such instrument shall
not affect the determination of the New 22nd Floor Space Commencement Date. The taking of occupancy or possession of the whole or any portion of the New 22nd Floor Space by Tenant shall be conclusive evidence that (a) Tenant accepts the same in
“as is” condition as of the date of such possession or occupancy, except for latent defects, (b) the New 22nd Floor Space was in good and satisfactory condition as of such date, except for latent defects, and (c) Landlord’s
New 22nd Floor Space Work has been completed, subject to the performance of Punchlist Items (as defined below) with respect thereto. 

  
 -2- 

 Tenant covenants and agrees that if permission is given to Tenant to enter into
possession of all or any portion of the New 22nd Floor Space prior to the New 22nd Floor Space Commencement Date, then Tenant shall pay all charges for water, sewage disposal, overtime heating, overtime cooling, electricity, lighting and any other
utilities attributable to the New 22nd Floor Space which are payable by Tenant hereunder from the date upon which the New 22nd Floor Space is delivered to Tenant. Any such charges which may be paid by Landlord shall be reimbursed to Landlord by
Tenant within fifteen (15) days of rendition of a bill therefor. In addition, from such date of delivery through and including the New 22nd Floor Space Commencement Date, Tenant shall perform all of its obligations hereunder (other than the
obligation to pay fixed annual rent) including, without limitation, its indemnity and insurance obligations. 
 From and
after the New 22nd Floor Space Commencement Date through and including the New Expiration Date, Tenant shall occupy the New 22nd Floor Space. From and after the New 22nd Floor Space Commencement Date, the terms “demised premises” or
“premises” as used in the Lease, as modified hereby, shall include the New 22nd Floor Space. Tenant’s use and occupancy of such demised premises from and after the New 22nd Floor Space Commencement Date hereof shall be on all of the
terms and conditions of the Lease, as modified hereby (including the fixed annual rent and additional rent payable with respect to the New 22nd Floor Space as provided herein and as same may be adjusted in accordance with the provisions of the
Lease, as modified hereby). 
 (B) Condition of the New 22nd Floor Space 

(i) Tenant acknowledges that it has made or been given the opportunity to make a thorough examination and inspection of the
New 22nd Floor Space. Tenant agrees that it is entering into this Agreement without any representations or warranties by Landlord, its employees, agents, representatives or servants or any other person as to the condition of the New 22nd Floor Space
or the appurtenances thereof or any improvements therein or thereon, or any other matters pertinent thereto except as expressly provided in this Agreement. Tenant agrees to accept the New 22nd Floor Space in “as is” condition at the time
possession is given to Tenant, subject to latent defects communicated by Tenant to Landlord within ninety (90) days from the New 22nd Floor Space Commencement Date, without requiring any alterations, improvements, repairs or decorations to be
made by Landlord or at Landlord’s expense; provided, however, Landlord shall perform, at Landlord’s sole cost and expense, the following work in and to the New 22nd Floor Space (such work, “Landlord’s New 22nd Floor Space
Work”) if (and only if) such work has not already been performed by Landlord: (a) demolish the 22nd Floor Space and deliver the 22nd Floor Space to Tenant in broom clean condition; (b) flash patch the floors in the 22nd Floor Space
where reasonably determined by Landlord to be necessary; (c) provide Building standard connection points at the Building’s Data Gathering Panel to enable Tenant to tie-in to the Building’s Class-E system Tenant’s speakers, strobe
lights and smoke detectors; (d) provide a sprinkler rig connection point to enable Tenant to tap-in to the Building’s sprinkler infrastructure; (e) install fire-proofing and fire-stopping wherever required by applicable code;
(f) deliver the existing radiators in working order.; (g) supply and install new Building standard radiator covers; (h) deliver to Tenant an ACP-5 certificate promptly following Landlord’s receipt of Tenant’s initial
alteration plans for the 22nd Floor Space; and (i) install self-contained control valves for each radiator in the 22nd Floor Space to provide individual comfort control. In addition to Landlord’s New 22nd Floor Space Work, Landlord shall

  
 -3- 

 
also provide all building systems including, without limitation, heating and sprinkler systems, servicing the New 22nd Floor Space in working order on the New 22nd Floor Space Commencement Date,
as and to the extent provided to the Original Space in the Original Lease. In the event there is any asbestos containing materials (“ACM”) therein which, pursuant to applicable law, must be abated, Landlord shall promptly abate such ACM at
Landlord’s sole cost and expense and deliver to Tenant an ACP-5 certificate therefor. 
 (ii) The taking of occupancy
or possession of the whole or any portion of the New 22nd Floor Space by Tenant shall be conclusive evidence that (a) Tenant accepts the same in “as is” condition as of the date of such possession or occupancy subject to latent
defects communicated by Tenant to Landlord within ninety (90) days from the New 22nd Floor Space Commencement Date and (b) the New 22nd Floor Space was in good and satisfactory condition as of such date, subject to latent defects
communicated by Tenant to Landlord within ninety (90) days from the New 22nd Floor Space Commencement Date. 
 (iii)
Landlord shall be required to perform only Landlord’s New 22nd Floor Space Work in the New 22nd Floor Space; provided, however, that Landlord shall have the right to make any changes thereto which are required by any governmental department or
bureau having jurisdiction over the New 22nd Floor Space provided Landlord has given prior written notice to Tenant of any material changes. The New 22nd Floor Space Work shall be deemed to have been substantially completed even though there shall
not then have been completed minor details or adjustments the non-completion of which shall not interfere (other than to a de minimis extent) with the commencement of Tenant’s work to ready the space for its occupancy and Tenant’s ability
to conduct its business in the New 22nd Floor Space (“New 22nd Floor Space Punchlist Items”). Notwithstanding the foregoing, if the New 22nd Floor Space Work has not been substantially
completed as a result of a Tenant Delay (defined below), then the New 22nd Floor Space Work will be deemed to have been substantially completed as of the date the New 22nd Floor Space Work would have been substantially completed but for such Tenant
Delay. For purposes hereof, the term “Tenant Delay” shall mean any delay caused by the acts or omissions of Tenant, its employees, agents or contractors. Landlord shall use its commercially reasonable efforts to complete any New 22nd Floor Space Punchlist Items in a manner to minimize any interference with the performance of Tenant’s work to ready the New 22nd Floor Space for its initial occupancy, provided, however in no
event will Landlord be obligated to perform any such work on an overtime or premium pay basis. 
 (C) Fixed Annual Rent
for the New 22nd Floor Space 
 From and after the New 22nd Floor Space Commencement Date through and including the New
Expiration Date, Tenant shall pay to Landlord for the New 22nd Floor Space only, without notice, demand, reduction or set-off, fixed annual rent in the following amounts: (i) for the period from the New 22nd Floor Space Commencement Date
through and including the day immediately preceding the five (5) year and ten (10) month anniversary of the 23rd Floor Commencement Date (as such term is defined below), the amount of $586,850.00 per annum, such amount to be paid in
consecutive equal monthly installments of $48,904.17 on the first day of each calendar month during such period and (ii) for the period from the five (5) year and ten (10) month anniversary of the 23rd Floor Commencement Date through
and including the New Expiration Date, the amount of $640,200.00 per annum, such amount to be paid in consecutive equal monthly 

  
 -4- 

 
installments of $53,350.00 on the first day of each calendar month during such period. If the New 22nd Floor Space Commencement Date is a day other than the first day of a calendar month, then
the fixed rent for the month in which the New 22nd Floor Space Commencement Date occurs shall be pro-rated to reflect the actual number of days in such month in which the term for the New 22nd Floor Space occurs. 

For so long as Tenant is not in default, beyond any applicable grace or cure period, of any term of the Lease or this
Agreement, Tenant shall receive a rent credit against fixed annual rent for the New 22nd Floor Space only in the amount of $489,041.67, which credit shall be applied, until exhausted, against the first monthly installments of fixed annual
rent payable hereunder for the New 22nd Floor Space only. If the term of the Lease, as modified hereby, is terminated prior to its stated expiration date as a result of Tenant’s default, then, in addition to all other damages, rights and
remedies provided in the Lease or this Agreement and provided by law for Landlord, Landlord shall be entitled to the return of the total amount of such rent credit theretofore enjoyed by Tenant, which sum shall be deemed additional rent due and
owing prior to the termination of the term of the Lease, as modified hereby. The obligation of Tenant to pay such additional rent to Landlord shall survive the termination of the term of the Lease, as modified hereby. Anything in this paragraph to
the contrary notwithstanding, Tenant shall continue to be responsible for paying all additional rent and electric charges under the Lease, as modified hereby, for the Original Space and hereunder for the other New Additional Spaces (except as may be
otherwise provided herein) without any credit, set off, deduction or reduction by reason of this paragraph. 

Notwithstanding anything to the contrary contained herein, the fixed annual rent and any additional rent for the New 22nd
Floor Space as set forth in the Lease, as modified hereby, is in addition to all fixed annual rent and additional rent payable by Tenant with respect to the Original Space and the other New Additional Spaces. 

(D) Operating Expense Escalations for the New 22nd Floor Space 

From and after the New 22nd Floor Space Commencement Date through and including the New Expiration Date, Tenant shall continue
to pay operating expenses escalations in accordance with Article 2.D of the Lease; provided, however, from and after the New 22nd Floor Space Commencement Date, with respect to the New 22nd Floor Space only, (i) the term “Base
Year” as set forth in Article 2.D(ii)(a) shall mean the calendar year 2016; (ii) the term “The Percentage” as set forth in Article 2.D(ii)(b) shall mean 1.40 percent (1.40%); and (iii) the term “comparative year”
as set forth in Article 2.D(ii)(c) shall mean each calendar year commencing on or after January 1, 2017, in which occurs any part of the term of the Lease, as modified hereby. 

(E) Tax Escalations for the New 22nd Floor Space 

From and after the New 22nd Floor Space Commencement Date through and including the New Expiration Date, Tenant shall continue
to pay tax escalations in accordance with Article 2.E of the Lease; provided, however, from and after the New 22nd Floor Space Commencement Date, with respect to the New 22nd Floor Space only, (i) the term “base year taxes” as set
forth in Article 2.E(ii)(b) shall mean the average of (1) the real estate taxes payable with 

  
 -5- 

 
respect to the Building Project for the 2015/2016 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year and (2) the real estate taxes
payable with respect to the Building Project for the 2016/2017 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year; (ii) the term “base tax year” as set forth in Article
2.E(ii)(c) shall mean the 2016 calendar year; (iii) the term “comparative year” as set forth in Article 2.E(ii)(e) shall mean the 2017 calendar year and each subsequent period of twelve (12) months all or a portion of which
occurs during the term of the Lease, as modified hereby; and (iv) the term “The Percentage” as set forth in Article 2.E(ii)(h) shall mean 1.40 (1.40%) percent. 

(F) Square Footage of the New 22nd Floor Space 

From the New 22nd Floor Space Commencement Date through and including the
New Expiration Date, the following sentence, with respect to the New 22nd Floor Space only, shall be added to the end of the last full paragraph which is below the heading of “WITNESSETH” on the first page of the Original Lease:
“For all purposes of this lease the parties agree that the rentable square foot area of (a) Suite 2200 in the Building shall be deemed to be 7,285 rentable square feet and (b) Suite 2203 shall be deemed to be 3,385 rentable square
feet, in each case irrespective of any disparity between such figure and any actual measurement of such area.” 
 (G)
Use of New 22nd Floor Space 
 Tenant shall use the New 22nd Floor Space solely as general, executive and administrative offices for the conduct of Tenant’s business in accordance with the provisions of Article 1 of the Original Lease. 

(H) Electricity to the New 22nd Floor Space 

From the New 22nd Floor Space Commencement Date through and including the New Expiration Date, electricity to the New 22nd
Floor Space shall be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. Landlord covenants that one (1) or more submeters to measure consumption of electricity in the New 22nd Floor
Space will be operational on or before the New 22nd Floor Space Commencement Date. From and after the New 22nd Floor Space Commencement Date, Landlord shall provide to the New 22nd Floor Space an average connected load of 6 watts per useable square
foot (exclusive of electricity provided to support the air conditioning equipment servicing the New 22nd Floor Space). 

(I) Landlord’s New 22nd Floor Space Contribution 

Landlord shall provide Tenant an allowance of up to $640,200.00 to defray the cost of work to be performed by Tenant in the
New 22nd Floor Space prior to Tenant’s initial occupancy thereof (such work, “Tenant’s New 22nd Floor Space Installation Work”). Such sum (“Landlord’s New 22nd Floor Space Contribution”) shall be payable (as
hereinafter provided) against requisitions therefor accompanied by (i) the certification of Tenant’s architect that the work described on such requisition has been completed in good and workmanlike fashion substantially in accordance with
the plans and specifications theretofore approved by Landlord, (ii) a list specifying in reasonable detail the work performed for which such requisition is being submitted and the 

  
 -6- 

 
portion of the amount of such requisition allocated to each such item of work and (iii) waivers of mechanics liens for all work for which such installment of Landlord’s New 22nd Floor
Space Contribution has been requisitioned, from each contractor, sub-contractor, vendor and supplier of labor and material for whom such installment of Landlord’s New 22nd Floor Space Contribution is
being requisitioned. Each such installment of Landlord’s New 22nd Floor Space Contribution shall be subject to a retainage amount equal to ten (10%) percent (as reflected in the formula for payment set forth in the penultimate sentence of
this paragraph) and the amount of such retainage shall be paid to Tenant within thirty (30) days following completion of Tenant’s New 22nd Floor Space Installation Work and delivery to Landlord of documents referred to in (i) through
(iii) above in this paragraph (including valid waivers of lien from each such contractor, sub-contractor, vendor and supplier of labor and material, representing that all payments due to each of them have been made and no new sums will be due
and owing in connection with work theretofore contracted) and such certificates of occupancy or use, permits and sign-offs from governmental agencies as may be required in connection with Tenant’s New 22nd Floor Space Installation Work. In the
event Tenant is prohibited from obtaining its final sign-offs from governmental agencies as a result of any matter affecting the Building (other than any matter arising as a result of an act or omission of Tenant, its employees, agents or
contractors), the retainage shall be released to Tenant within sixty (60) days of submission of items (i) - (iii) above excluding the requisite governmental sign-offs which cannot be obtained solely due to such other matters (i.e., those matters
(not resulting from the acts or omissions of Tenant, its employees, agents or contractors) which prevent Tenant from obtaining final sign-offs from governmental authorities). However, the foregoing shall not relieve Tenant of its obligation to
obtain such final sign-offs within thirty (30) days after such other matters prohibiting such final sign-offs have been resolved. Payments on account of Landlord’s New 22nd Floor Space Phase I Contribution shall not be payable more
frequently than monthly. Each such installment of Landlord’s New 22nd Floor Space Contribution (other than payment of the retainage amount after final completion of Tenant’s New 22nd Floor Space Installation Work) shall be equal to the
difference between (x) the product which results from multiplying (i) the Landlord’s New 22nd Floor Space Contribution by (ii) .9 by (iii) the percentage of Tenant’s New 22nd Floor Space Installation Work completed to
the date of Tenant’s requisition for payment as certified to Landlord by Tenant’s architect and (y) all prior payments on account of Landlord’s New 22nd Floor Space Contribution. No portion of Landlord’s New 22nd Floor Space
Contribution shall be applied by Tenant against expenses for furniture, office equipment or other personal property provided, however, up to $64,020.00 of Landlord’s New 22nd Floor Space Contribution may be used by Tenant for “soft”
costs incurred by Tenant which are attributable to Tenant’s New 22nd Floor Space Installation Work (e.g., the costs of Tenant’s architect, engineer and expediter and permit and filing fees) but not the cost of Tenant’s IT cabling.
Landlord hereby agrees that no portion of Tenant’s New 22nd Floor Space Installation Work is required to be removed on the Expiration Date or the sooner termination of the Lease, as modified hereby provided, however, notwithstanding the
foregoing, Tenant, at Tenant’s sole cost and expense shall, upon the expiration or sooner termination of the Lease, as modified hereby, remove from the New 22nd Floor Space any Specialty Alterations (as such term is defined in the Original
Lease) that Landlord designates for removal at the time Landlord grants its consent thereto and, in such event, Tenant shall repair any damage to the Building resulting therefrom, such obligation of Tenant to survive the expiration or sooner
termination of the Lease, as modified hereby. 

  
 -7- 

 Notwithstanding anything to the contrary set forth in the Lease, as modified
hereby, Landlord shall provide Tenant with an aggregate of thirty-six (36) hours of overtime freight elevator service in connection with Tenant’s New 22nd Floor Space Phase I Installation Work and Tenant’s initial move in to the New
22nd Floor Space at no charge to Tenant provided, however, that Tenant avails itself thereof in blocks of four (4) hours each. 

(J) Additional New 22nd Floor Space Concessions 

(i) Provided that (1) Tenant delivers to Landlord evidence reasonably satisfactory to Landlord that Tenant has performed
the New 22nd Floor Space HVAC Work (as defined below) and (2) Landlord receives the items set forth in (b) below, Tenant shall be entitled to be reimbursed by Landlord for the amount of the costs of the New 22nd Floor Space HVAC Work
(i.e., including the fees of architects, engineers, expediters or consultants or any permits or license fees which may not exceed $13,337.50), subject to a maximum reimbursement from Landlord herefor of $133,375.00. The payment required to be made
by Landlord under this subparagraph (i) shall be made by Landlord within thirty (30) days after Tenant fully complies with its obligations under this subparagraph (i). 

(ii) Within thirty (30) days after completion of the New 22nd Floor Space HVAC Work, Tenant shall deliver to Landlord
(1) general releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the New 22nd Floor Space HVAC Work and the materials furnished in connection therewith, (2) paid receipts
evidencing the “hard costs” and “soft costs” incurred by Tenant in performing the New 22nd Floor Space HVAC Work and (3) a certificate from Tenant’s independent architect certifying that (A) in his opinion the New
22nd Floor Space HVAC Work has been performed in a good and workerlike manner and completed not materially at variance with the final detailed plans and specifications for such New 22nd Floor Space HVAC Work as approved by Landlord and (B) all
contractors, subcontractors and materialmen have been paid for the New 22nd Floor Space HVAC Work and materials furnished through such date. 

(iii) For purposes hereof, the “New 22nd Floor Space HVAC Work” shall mean the purchase and installation of air
handlers as needed to supply air conditioning to the New 22nd Floor Space for normal occupancy, including supplying electrical power, connecting Tenant’s HVAC unit to such electrical power supply, installation of outside air intake duct work
and stub for connection to Tenant’s distribution system. 
 (K) Unless and until Tenant occupies the entire
twenty-second (22nd) floor in the Building (at which time Tenant shall be solely responsible therefor at Tenant’s sole cost and expense), Landlord shall be responsible for the
maintenance, repair and cleaning of the restrooms located on the twenty-second (22nd) floor in the Building throughout the term of the Lease, as modified hereby. 

(L) If Tenant elects to, and does, install one (1) or more water-cooled air conditioning units on the twenty-second (22nd) floor of the Building, then from and after the completion of such work, Landlord shall make available to Tenant, at no cost to Tenant, condenser water to the twenty-second (22nd) floor of the Building to properly operate the equipment installed 

  
 -8- 

 
by Tenant thereon, all such condenser water to be generated by a winterized cooling tower and related equipment previously installed by Landlord upon the Building’s common areas. The
capacity of condenser water to be provided by Landlord to the portions of the twenty-second (22nd) floor will be equal to fifty-six (56) tons multiplied by a fraction, the numerator of
which is the rentable square footage of the portion of the twenty-second (22nd) floor then being leased by Tenant and which is not then being serviced by air-cooled air conditioning equipment
and the denominator of which is the rentable square footage of the entire twenty-second (22nd) floor. Such condenser water will be (A) delivered to the twenty-second (22nd) floor of the Building at the rate of 3 gallons per minute (gpm) per connected ton of A/C Equipment, at a maximum of 85 degree entering water temperature and 95 degree leaving water temperature
for each A/C Unit located on the 22nd floor and a minimum of not less than 59 degrees and (B) made available to Tenant on the following days and at the following times: Mondays through
Fridays from 8:00 a.m. – 6:00 p.m. and on Saturdays from 8:00 a.m. – 1:00 p.m. (excluding holidays in all instances). Notwithstanding the foregoing, Landlord will provide condenser water to the 22nd floor other than during the hours set forth in the preceding sentence provided that Tenant shall give notice to Landlord prior to 3:00 P.M. in the case of after hours service on weekdays and prior
to 1:00 P.M. on Fridays in the case of after hours service on weekends. In such event, Tenant shall pay to Landlord, as additional rent on demand, a charge of $80.00 for each hour (or portion thereof) that Tenant avails itself of such condenser
water, subject to periodic adjustments as reasonably determined by Landlord. Notwithstanding the foregoing, if Tenant installs air-cooled (not water-cooled) air-conditioning units on the twenty-second
(22nd) floor in the Building then Landlord shall have no further obligation to make available the condenser water contemplated above with respect to such twenty-second (22nd) floor provided, however, if at a later time during the term of the Lease, as modified hereby, Tenant installs one (1) or more water-cooled air conditioning units on the twenty-second (22nd) floor, then at Tenant’s request Landlord will provide adequate condenser water for such units provided further, however, Landlord has adequate condenser water capacity available for such
purposes. 
 (M) Tenant acknowledges that it has been advised by Landlord that the MER closet located in Suite 2203 houses
not only an HVAC unit serving Suite 2203 but also another HVAC unit which serves Suite 2204 (such other HVAC unit, the “Other Unit), which is occupied by another tenant (the “Other Tenant”). Tenant agrees to provide the Other Tenant,
or any future occupant of Suite 2204, with access to the MER closet located in Suite 2203 for purposes of accessing the Other Unit, it being agreed that any such access shall be provided only upon reasonable prior notice and with a Building
representative accompanying the Other Tenant or the then occupant of Suite 2204. Any damage to Suite 2203, any other portion of the Building or to the HVAC unit serving Suite 2203 caused by the Other Tenant or by any such future occupant of Suite
2204 or any contractor, employee or agent of either shall be repaired by Landlord, at Landlord’s sole cost and expense and Landlord hereby agrees to indemnify and hold Tenant harmless with respect to the same. 

(N) It is expressly acknowledged and agreed that Tenant shall not be liable for any damage to the Other Unit unless the same
is caused by the willful misconduct of Tenant, its employees, agents or contractors. In no event shall Tenant be responsible for providing security to the MER closet. Tenant shall have no obligation to notify Landlord, the Other Tenant or future
occupant of Suite 2204 of any issue with the Other Unit. Landlord represents that electricity consumed by the Other Unit is measured by a separate submeter which is the responsibility of the Other Tenant or future occupant of Suite 2204. 

  
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 4. 23rd Floor 

(A) Term for the 23rd Floor 

(i) Tenant hereby leases the 23rd Floor for the term commencing on the 23rd Floor Commencement Date (as such term is defined
below) and expiring on the New Expiration Date, unless sooner terminated pursuant to any provision hereof or by law. 
 The
“23rd Floor Commencement Date” shall be the date upon which both (i) Landlord’s 23rd Floor Work (as defined below) shall be substantially completed and (ii) Landlord shall deliver possession of the 23rd Floor to Tenant.
Landlord shall provide Tenant with no less than thirty (30) days prior written notice of the anticipated 23rd Floor Commencement Date. Tenant shall, within fifteen (15) days of request therefor by Landlord, execute, acknowledge and deliver
to Landlord an instrument in form reasonably satisfactory to Landlord confirming the 23rd Floor Commencement Date provided, however, Tenant’s failure to execute, acknowledge and deliver such instrument shall not affect the determination of the
23rd Floor Commencement Date. The taking of occupancy or possession of the whole or any portion of the 23rd Floor by Tenant shall be conclusive evidence that (a) Tenant accepts the same in “as is” condition as of the date of such
possession or occupancy except for latent defects, and (b) the 23rd Floor was in good and satisfactory condition as of such date, except for latent defects. 

Landlord represent that the last scheduled expiration date for the leases currently in effect for all or portions of the 23rd
Floor is October 31, 2015. If other than as a result of a Tenant Delay (defined below) or events of force majeure (which, for purposes hereof, shall include, but is not limited to, one (1) or more of the existing tenants of the 23rd Floor holding over (without Landlord’s consent thereto) with respect thereto), the 23rd Floor Commencement Date shall not occur on or before (a) April 30, 2016, then Landlord shall
provide to Tenant an additional credit against fixed annual rent for the 23 Floor only equal to one (1) day of per diem fixed annual rent for the 23rd Floor only for each day
after April 30, 2016 (but prior to August 1, 2016) that the 23rd Floor Commencement Date shall not have occurred and (b) July 31, 2016, then Landlord shall provide to Tenant an additional credit against fixed annual rent for the
23rd Floor only equal to two (2) days of per diem fixed annual rent for the 23rd Floor only for each day after July 31, 2016 that the 23rd Floor Commencement Date shall not
have occurred. 
 If Landlord fails to cause the 23rd Floor
Commencement Date to occur on or prior to April 30, 2016 and such failure is due to (a) the holding over or retention of possession by any tenant or occupant on the 23rd Floor, and/or
(b) any other reason outside of Landlord’s control, then (x) Landlord shall not be subject to any liability for failure to give possession on such date, (y) Tenant waives the right to rescind its lease of the then existing
premises leased by Tenant under the Lease, as modified hereby or to recover any damages that may result from the failure of Landlord to deliver possession of the 23rd Floor and agrees that the
provisions of this subparagraph shall constitute an “express provision to the contrary” within the meaning of Section 223-a of the New York Real Property Law, and (z) Landlord shall promptly institute and thereafter diligently

  
 -10- 

 
prosecute holdover or other appropriate proceedings (or settle the same under a settlement stipulation providing for the occupant to vacate the
23rd Floor, or the applicable portion thereof, on a date which Landlord reasonably believes is a date earlier than the date on which Landlord would obtain possession of the 23rd Floor, or the applicable portion thereof, if Landlord were to continue to diligently prosecute such holdover or other appropriate proceeding) against any occupant of the 23rd Floor. 
 Tenant covenants and agrees that if permission is given to
Tenant to enter into possession of all or any portion of the 23rd Floor prior to the 23rd Floor Commencement Date, then Tenant shall pay all charges for water, sewage disposal, overtime heating, overtime cooling, electricity, lighting and any other
utilities attributable to the 23rd Floor which are payable by Tenant hereunder from the date upon which the 23rd Floor is delivered to Tenant. Any such charges which may be paid by Landlord shall be reimbursed to Landlord by Tenant within fifteen
(15) days of rendition of a bill therefor. In addition, from such date of delivery through and including the 23rd Floor Commencement Date, Tenant shall perform all of its obligations hereunder (other than the obligation to pay fixed annual
rent) including, without limitation, its indemnity and insurance obligations. 
 From and after the 23rd Floor Commencement
Date through and including the New Expiration Date, Tenant shall occupy the 23rd Floor. From and after the 23rd Floor Commencement Date, the terms “demised premises” or “premises” as used in the Lease, as modified hereby, shall
include the 23rd Floor. Tenant’s use and occupancy of such demised premises from and after the 23rd Floor Commencement Date hereof shall be on all of the terms and conditions of the Lease, as
modified hereby (including the fixed annual rent and additional rent, as same is modified herein and as same has been and in the future may be adjusted in accordance with the provisions of the Lease, as modified hereby). 

(B) Condition of the 23rd Floor 

(i) Tenant acknowledges that it has made or been given the opportunity to make a thorough examination and inspection of the
23rd Floor. Tenant agrees that it is entering into this Agreement without any representations or warranties by Landlord, its employees, agents, representatives or servants or any other person as to the condition of the 23rd Floor or the
appurtenances thereof or any improvements therein or thereon, or any other matters pertinent thereto except as expressly provided in this Agreement. Tenant agrees to accept the 23rd Floor in “as is” condition at the time possession is
given to Tenant, subject to latent defects communicated by Tenant to Landlord within ninety (90) days from the 23rd Floor Commencement Date, without requiring any alterations, improvements, repairs or decorations to be made by Landlord or at
Landlord’s expense; provided, however, Landlord shall perform, at Landlord’s sole cost and expense, the following work in and to the 23rd Floor (such work, “Landlord’s 23rd Floor Work”): (a) demolish and demise the 23rd
Floor and deliver the 23rd Floor to Tenant in broom clean condition, (b) flash patch the floors in the 23rd Floor where reasonably determined by Landlord to be necessary, (c) provide Building standard connection points at the
Building’s Data Gathering Panel to enable Tenant to tie-in to the Building’s Class-E system Tenant’s speakers, strobe lights and smoke detectors, (d) provide a sprinkler rig connection point to enable Tenant to tap-in to the
Building’s sprinkler infrastructure, (e) install fire-proofing and fire-stopping wherever required by 

  
 -11- 

 
applicable code, (f) deliver the existing radiators in working order; (g) supply and install new Building standard radiator covers; and (h) install self-contained control valves
for each radiator in the 23rd Floor space to provide individual comfort control. In addition to Landlord’s 23rd Floor Work, but not as a component thereof (i.e., the 23rd Floor Commencement
Date shall not be conditioned upon the occurrence thereof), Landlord shall deliver to Tenant an ACP-5 certificate promptly following Landlord’s receipt of Tenant’s initial alteration plans for the 23rd Floor. Landlord shall also provide
all building systems, including without limitation, heating and sprinkler systems, servicing the 23rd Floor in working order on the 23rd Floor Commencement Date, as and to the extent provided to the Original Space in the Original Lease. The
restrooms on the 23rd Floor shall be delivered in working order and condition. 
 (ii) The taking of occupancy or
possession of the whole or any portion of the 23rd Floor by Tenant shall be conclusive evidence that (a) Tenant accepts the same in “as is” condition as of the date of such possession or occupancy subject to latent defects
communicated by Tenant to Landlord within ninety (90) days from the 23rd Floor Commencement Date and (b) the 23rd Floor was in good and satisfactory condition as of such date, subject to latent defects communicated by Tenant to Landlord
within ninety (90) days from the 23rd Floor Commencement Date. 
 (iii) Landlord shall be required to perform only
Landlord’s 23rd Floor Work in the 23rd Floor; provided, however, that Landlord shall have the right to make any changes thereto which are required by any governmental department or bureau having jurisdiction over the 23rd Floor provided
Landlord has given prior written notice to Tenant of any material changes. Landlord’s 23rd Floor Work shall be deemed to have been substantially completed even though there shall not then have been completed minor details or adjustments the
non-completion of which shall not interfere (other than to a de minimis extent) with the commencement of Tenant’s work to ready the space for its occupancy and Tenant’s ability to conduct its business in the 23rd Floor (“23rd Floor Punchlist Items”). Notwithstanding the foregoing, if the 23rd Floor Work has not been substantially completed as a result of a Tenant Delay (defined below), then the 23rd Floor Work will
be deemed to have been substantially completed as of the date the 23rd Floor Work would have been substantially completed but for such Tenant Delay. For purposes hereof, the term “Tenant Delay” shall mean any delay caused by the acts or
omissions of Tenant, its employees, agents or contractors. Landlord shall use its commercially reasonable efforts to complete any 23rd Floor Punchlist Items in a manner to minimize any
interference with the performance of Tenant’s work to ready the 23rd Floor for its initial occupancy, provided, however in no event will Landlord be obligated to perform any such work on an overtime or premium pay basis. 

(C) Fixed Annual Rent for the 23rd Floor 

From and after the 23rd Floor Commencement Date through and including the New Expiration Date, Tenant shall pay to Landlord
for the 23rd Floor only, without notice, demand, reduction or set-off, fixed annual rent in the following amounts: (i) for the period from the 23rd Floor Commencement Date through and including the day immediately preceding the five
(5) year and ten (10) month anniversary of the 23rd Floor Commencement Date, the amount of $1,432,970.00 per annum, such amount to be paid in consecutive equal monthly installments of $119,414.17 on the first day of each calendar month
during such period and (ii) for the period from 

  
 -12- 

 
the five (5) year and ten (10) month anniversary of the 23rd Floor Commencement Date through and including the New Expiration Date, the amount of $1,563,240.00 per annum, such amount to
be paid in consecutive equal monthly installments of $130,270.00 on the first day of each calendar month during such period. If the 23rd Floor Commencement Date is a day other than the first day of a calendar month, then the fixed rent for the month
in which the 23rd Floor Commencement Date occurs shall be pro-rated to reflect the actual number of days in such month in which the term for the 23rd Floor occurs. 

For so long as Tenant is not in default, beyond any applicable grace or cure period, of any term of the Lease or this
Agreement, Tenant shall receive a rent credit against fixed annual rent for the 23rd Floor only in the amount of $1,194,141.67, which credit shall be applied, until exhausted, against the first monthly installments of fixed annual rent
payable hereunder for the 23rd Floor only. If the term of the Lease, as modified hereby, is terminated prior to its stated expiration date as a result of Tenant’s default, then, in addition to all other damages, rights and remedies
provided in the Lease or this Agreement and provided by law for Landlord, Landlord shall be entitled to the return of the total amount of such rent credit theretofore enjoyed by Tenant, which sum shall be deemed additional rent due and owing prior
to the termination of the term of the Lease, as modified hereby. The obligation of Tenant to pay such additional rent to Landlord shall survive the termination of the term of the Lease, as modified hereby. Anything in this paragraph to the contrary
notwithstanding, Tenant shall continue to be responsible for paying all additional rent and electric charges under the Lease, as modified hereby, for the Original Space and hereunder for the other New Additional Spaces (except as may be otherwise
provided herein) without any credit, set off, deduction or reduction by reason of this paragraph. 
 Notwithstanding
anything to the contrary contained herein, the fixed annual rent and any additional rent for the 23rd Floor as set forth in the Lease, as modified hereby, is in addition to all fixed annual rent and additional rent payable by Tenant with respect to
the Original Space and the other New Additional Spaces. 
 (D) Operating Expense Escalations for the 23rd Floor 

From and after the 23rd Floor Commencement Date through and including the New Expiration Date, Tenant shall continue to pay
operating expenses escalations in accordance with Article 2.D of the Lease; provided, however, from and after the 23rd Floor Commencement Date, with respect to the 23rd Floor only, (i) the term “Base Year” as set forth in
Article 2.D(ii)(a) shall mean the calendar year 2016; (ii) the term “The Percentage” as set forth in Article 2.D(ii)(b) shall mean 3.41 percent (3.41%); and (iii) the term “comparative year” as set forth in Article
2.D(ii)(c) shall mean each calendar year commencing on or after January 1, 2017, in which occurs any part of the term of the Lease, as modified hereby. Notwithstanding the foregoing, in no event shall Tenant be obligated to pay operating
expense escalations for the 23rd Floor only for the first ten (10) months following the 23rd Floor Commencement Date. 

(E) Tax Escalations for the 23rd Floor 

From and after the 23rd Floor Commencement Date through and including the New Expiration Date, Tenant shall continue to pay
tax escalations in accordance with Article 2.E of 

  
 -13- 

 
the Lease; provided, however, from and after the 23rd Floor Commencement Date, with respect to the 23rd Floor only, (i) the term “base year taxes” as set forth in Article
2.E(ii)(b) shall mean the average of (1) the real estate taxes payable with respect to the Building Project for the 2015/2016 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year and
(2) the real estate taxes payable with respect to the Building Project for the 2016/2017 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year; (ii) the term “base tax year” as
set forth in Article 2.E(ii)(c) shall mean the 2016 calendar year; (iii) the term “comparative year” as set forth in Article 2.E(ii)(e) shall mean the 2017 calendar year and each subsequent period of twelve (12) months all or a
portion of which occurs during the term of the Lease, as modified hereby; and (iv) the term “The Percentage” as set forth in Article 2.E(ii)(h) shall mean 3.41 (3.41%) percent. Notwithstanding the foregoing, in no event shall
Tenant be obligated to pay tax escalations for the 23rd Floor only for the first ten (10) months following the 23rd Floor Commencement Date. 

(F) Square Footage of the 23rd Floor 

From the 23rd Floor Commencement Date through and including the New
Expiration Date, the following sentence, with respect to the 23rd Floor only, shall be added to the end of the last full paragraph which is below the heading of “WITNESSETH” on the first page of the Original Lease: “For all
purposes of this lease the parties agree that the rentable square foot area of the entire twenty-third (23rd) floor in the Building shall be deemed to be 26,054 rentable square feet
irrespective of any disparity between such figure and any actual measurement of such area.” 
 (G) Use of 23rd
Floor 
 Tenant shall use the 23rd Floor solely as general, executive and administrative offices for the conduct of
Tenant’s business in accordance with the provisions of Article 1 of the Original Lease. 
 (H) Electricity to the
23rd Floor 
 From the 23rd Floor Commencement Date through and including the New Expiration Date, electricity to the
23rd Floor shall be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. If the 23rd Floor is not presently submetered, Landlord shall install prior to the 23rd Floor Commencement Date, at
Landlord’s cost and expense, one (1) or more submeters to measure electricity consumption on the 23rd Floor. From and after the 23rd Floor Commencement Date, Landlord shall provide to the 23rd Floor an average connected load of 6 watts per
useable square foot (exclusive of electricity provided to support the air conditioning equipment servicing the 23rd Floor). 

(I) Landlord’s 23rd Floor Contribution 

Landlord shall provide Tenant an allowance of up to $1,563,240.00 to defray the cost of work to be performed by Tenant in the
23rd Floor prior to Tenant’s initial occupancy thereof (such work, “Tenant’s 23rd Floor Installation Work”). Such sum (“Landlord’s 23rd Floor Contribution”) shall be payable (as hereinafter provided) against
requisitions therefor accompanied 

  
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by (i) the certification of Tenant’s architect that the work described on such requisition has been completed in good and workmanlike fashion substantially in accordance with the plans
and specifications theretofore approved by Landlord, (ii) a list specifying in reasonable detail the work performed for which such requisition is being submitted and the portion of the amount of such requisition allocated to each such item of
work and (iii) waivers of mechanics liens for all work for which such installment of Landlord’s 23rd Floor Contribution has been requisitioned, from each contractor, sub-contractor, vendor and supplier of labor and material for whom such
installment of Landlord’s 23rd Floor Contribution is being requisitioned. Each such installment of Landlord’s 23rd Floor Contribution shall be subject to a retainage amount equal to ten (10%) percent (as reflected in the formula for
payment set forth in the penultimate sentence of this paragraph) and the amount of such retainage shall be paid to Tenant within thirty (30) days following final completion of Tenant’s 23rd Floor Installation Work and delivery to Landlord
of documents referred to in (i) through (iii) of this paragraph (including valid waivers of lien from each such contractor, sub-contractor, vendor and supplier of labor and material, representing that all payments due to each of them have
been made and no new sums will be due and owing in connection with work theretofore contracted) and such certificates of occupancy or use, permits and sign-offs from governmental agencies as may be required in connection with Tenant’s 23rd
Floor Installation Work. In the event Tenant is prohibited from obtaining its final sign-offs from governmental agencies as a result of any matter affecting the Building (other than any matter arising as a result of an act or omission of Tenant, its
employees, agents or contractors) the retainage shall be released to Tenant within sixty (60) days of submission of items (i) - (iii) above excluding the requisite governmental sign-offs which cannot be obtained due to such other matters
(i.e., those matters (not resulting from the acts or omissions of Tenant, its employees, agents or contractors) which prevent Tenant from obtaining final sign-offs from governmental authorities). However, the foregoing shall not relieve Tenant of
its obligation to obtain such final sign-offs within thirty (30) days after such other matters prohibiting such final sign-offs have been resolved. Payments on account of Landlord’s 23rd Floor Contribution shall not be payable more
frequently than monthly. Each such installment of Landlord’s 23rd Floor Contribution (other than payment of the retainage amount after final completion of Tenant’s 23rd Floor Installation Work) shall be equal to the difference between
(x) the product which results from multiplying (i) the Landlord’s 23rd Floor Contribution by (ii) .9 by (iii) the percentage of Tenant’s 23rd Floor Installation Work completed to the date of Tenant’s requisition
for payment as certified to Landlord by Tenant’s architect and (y) all prior payments on account of Landlord’s 23rd Floor Contribution. If it shall appear to Landlord in the exercise of its reasonable judgment that at any time the
remaining portion of Landlord’s 23rd Floor Contribution shall not be sufficient to complete Tenant’s 23rd Floor Installation Work, then prior to making any further payments on account of Landlord’s 23rd Floor Contribution, Landlord
may require Tenant to (and Tenant shall) deposit with Landlord a sum (as Landlord shall determine in the exercise of its reasonable judgment) which together with the balance of Landlord’s 23rd Floor Contribution, shall be sufficient to complete
all such Tenant’s 23rd Floor Installation Work. No portion of Landlord’s 23rd Floor Contribution shall be applied by Tenant against expenses for furniture, office equipment or other personal property provided, however, up to $156,324.00 of
Landlord’s 23rd Floor Contribution may be used by Tenant for “soft” costs incurred by Tenant which are attributable to Tenant’s 23rd Floor Installation Work (e.g., the costs of Tenant’s architect, engineer and expediter and
permit and filing fees) including, without limitation, the cost of Tenant’s IT cabling. Landlord hereby agrees that no portion of Tenant’s 23rd Floor Installation Work shall be required to be removed on the New Expiration Date 

  
 -15- 

 
or the sooner termination of the Lease, as modified hereby provided, however, notwithstanding the foregoing, Tenant, at Tenant’s sole cost and expense shall, upon the expiration or sooner
termination of the Lease, as modified hereby, remove from the 23rd Floor any Specialty Alterations (as such term is defined in the Original Lease) that Landlord designates for removal at the time Landlord grants its consent thereto and, in such
event, Tenant shall repair any damage to the Building resulting therefrom, such obligation of Tenant to survive the expiration or sooner termination of the Lease, as modified hereby. 

Notwithstanding anything to the contrary set forth in the Lease, as modified hereby, Landlord shall provide Tenant with an
aggregate of sixty (60) hours of overtime freight elevator service in connection with Tenant’s 23rd Floor Installation Work and Tenant’s initial move in to the 23rd Floor at no charge to Tenant provided, however, that Tenant avails
itself thereof in blocks of four (4) hours each. 
 (J) Additional
23rd Floor HVAC Concession 
 (i) Provided that (a) Tenant
delivers to Landlord evidence reasonably satisfactory to Landlord that Tenant has performed the 23rd Floor HVAC Work (as defined below) and (b) Landlord receives the items set forth in (ii) below, Tenant shall be entitled to be reimbursed
by Landlord for the amount of the costs of the 23rd Floor HVAC Work, subject to a maximum reimbursement from Landlord therefor of $325,675.00. In no event shall the costs associated with the fees of architects, engineers, expediters or consultants
or any permits or license fees or other similar “soft costs” incurred in connection with the 23rd Floor HVAC Work comprise more than ten (10%) percent of the total cost of the 23rd
Floor HVAC Work. The payment required to be made by Landlord hereunder shall be made by Landlord within thirty (30) days after Tenant fully complies with its obligations under this Paragraph (J). 

(ii) Within thirty (30) days after completion of the 23rd Floor HVAC Work, Tenant shall deliver to Landlord
(a) general releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the 23rd Floor HVAC Work and the materials furnished in connection therewith, (b) paid receipts evidencing the
“hard costs” and “soft costs” incurred by Tenant in performing the 23rd Floor HVAC Work and (c) a certificate from Tenant’s independent architect certifying that (1) in his opinion the 23rd Floor HVAC Work has been
performed in a good and workerlike manner and completed not materially at variance with the final detailed plans and specifications for such 23rd Floor HVAC Work as approved by Landlord and (2) all contractors, subcontractors and materialmen
have been paid for the 23rd Floor HVAC Work and materials furnished through such date. 
 (iii) For purposes hereof, the
“23rd Floor HVAC Work” shall mean the purchase and installation of air handlers as needed to supply air conditioning to the 23rd Floor for normal occupancy, including supplying electrical power, connecting Tenant’s HVAC unit to such
electrical power supply, installation of outside air intake duct work and stub for connection to Tenant’s distribution system. 

(iv) From and after the completion of the 23rd Floor HVAC Work, Landlord shall make available to Tenant, at no cost to
Tenant, condenser water to the 23rd Floor to 

  
 -16- 

 
properly operate the equipment installed as part of the 23rd Floor HVAC Work, all such condenser water to be generated by a winterized cooling tower and related equipment previously installed by
Landlord upon the Building’s common areas. The capacity of condenser water to be provided by Landlord to the 23rd Floor will be adequate to support fifty-six (56) tons of air
conditioning. Such condenser water will be (a) delivered to the 23rd Floor at the rate of 3 gallons per minute (gpm) per connected ton of A/C Equipment, at a maximum of 85 degree entering water temperature and 95 degree leaving water
temperature for each A/C Unit located on the 23rd Floor and a minimum of not less than 59 degrees and (b) made available to Tenant on the following days and at the following times: Mondays through Fridays from 8:00 a.m. – 6:00 p.m. and on
Saturdays from 8:00 a.m. – 1:00 p.m. (excluding holidays in all instances). Notwithstanding the foregoing, Landlord will provide condenser water to the 23rd Floor other than during the hours set forth in the preceding sentence provided that
Tenant shall give notice to Landlord prior to 3:00 P.M. in the case of after hours service on weekdays and prior to 1:00 P.M. on Fridays in the case of after hours service on weekends. In such event, Tenant shall pay to Landlord, as additional rent
on demand, a charge of $80.00 for each hour (or portion thereof) that Tenant avails itself of such condenser water, subject to periodic adjustments as reasonably determined by Landlord. Notwithstanding the foregoing, if Tenant installs air-cooled
(not water-cooled) air-conditioning units on the 23rd Floor then Landlord shall have no further obligation to make available the condenser water contemplated above with respect to such 23rd Floor provided, however, if at a later time during the term of the Lease, as modified hereby, Tenant installs one (1) or more water-cooled air conditioning units on the 23rd Floor, then at Tenant’s request Landlord will provide adequate condenser water for such units provided further, however, Landlord has adequate condenser water capacity for such purposes. 

(K) Additional 23rd Floor Bathroom Concession 

(i) Provided that (a) Tenant delivers to Landlord evidence reasonably satisfactory to Landlord that Tenant has performed
the 23rd Floor Bathroom Work (as defined below) and (b) Landlord receives the items set forth in (ii) below, Tenant shall be entitled to be reimbursed by Landlord for the amount of the
costs of the 23rd Floor Bathroom Work (i.e., including the fees of architects, engineers, expediters or consultants or any permits or license fees which may not exceed $5,000.00), subject to a
maximum reimbursement from Landlord therefor of $50,000.00. The payment required to be made by Landlord under this subparagraph (K) shall be made by Landlord within thirty (30) days after Tenant fully complies with its obligations under
this subparagraph (K). 
 (ii) Within thirty (30) days after completion of the 23rd Floor Bathroom Work, Tenant shall deliver to Landlord (a) general releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the 23rd Floor Bathroom Work and the materials furnished in connection therewith, (b) paid receipts evidencing the “hard costs” and “soft costs” incurred by Tenant in performing the
23rd Floor Bathroom Work and (c) a certificate from Tenant’s independent architect certifying that (1) in his opinion the 23rd
Floor Bathroom Work has been performed in a good and workerlike manner and completed not materially at variance with the final detailed plans and specifications for such 23rd Floor Bathroom Work
as approved by Landlord and (2) all contractors, subcontractors and materialmen have been paid for the 23rd Floor Bathroom Work and materials furnished through such date. 

  
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 (iii) For purposes hereof, the “23rd Floor Bathroom Work” shall mean
the renovation or modification of the existing bathroom on the 23rd Floor in order to, among other things, satisfy ADA requirements, and/or if Tenant elects, the installation of a unisex
ADA-compliant bathroom along the north wall west of the freight elevators (in a location similar to that in which bathrooms on the other floors of the demised premises are located) on the twenty-third (23rd) floor in the Building. 

5. New 24th Floor Space 

(A) Term for the New 24th Floor Space 

Tenant hereby leases the New 24th Floor Space for the term commencing on the New 24th Floor Space Commencement Date (as such
term is defined below) and expiring on the New Expiration Date, unless sooner terminated pursuant to any provision hereof or by law. 

The “New 24th Floor Space Commencement Date” shall be the date upon which (i) Landlord’s New 24th Floor Space Work (as defined below) shall be substantially completed and (ii) Landlord shall deliver vacant possession of the New 24th Floor Space to Tenant, which date shall not be sooner than
the date which is four (4) months nor later than the date which is six (6) months from the date Landlord notifies Tenant that Landlord anticipates that it will be delivering to Tenant the entire New 24th Floor Space in the condition such space is required to be delivered by Landlord as set forth herein. Landlord shall provide Tenant with not less than thirty (30) days written notice of the New
24th Floor Space Commencement Date. If other than as a result of a Tenant Delay or events of force majeure (which, for purposes hereof, shall include, but is not limited to, one (1) or more of the existing tenants in the New 24th Floor Space holding over (without Landlord’s consent thereto) with respect thereto), the New 24th Floor Space Commencement Date shall not occur on or before (a) December 31, 2018,
then Landlord shall provide to Tenant an additional credit against fixed annual rent for the New 24th Floor Space only equal to one (1) day of per diem fixed annual rent for the New 24th Floor Space only for each day after
December 31, 2018 (but prior to April 1, 2019) that the New 24th Floor Space Commencement Date shall not have occurred and (b) March 31, 2019, then Landlord shall provide to Tenant an additional credit against fixed annual rent
for the New 24th Floor Space only equal to two (2) days of per diem fixed annual rent for the New 24th Floor Space only for each day after March 31, 2019 that the New 24th Floor Space Commencement Date shall not have
occurred. Tenant shall, within fifteen (15) days of request therefor by Landlord, execute, acknowledge and deliver to Landlord an instrument in form reasonably satisfactory to Landlord confirming the New 24th Floor Space Commencement Date
provided, however, Tenant’s failure to execute, acknowledge and deliver such instrument shall not affect the determination of the New 24th Floor Space Commencement Date. The taking of occupancy or possession of the whole or any portion of the
New 24th Floor Space by Tenant shall be conclusive evidence that (a) Tenant accepts the same in “as is” condition as of the date of such possession or occupancy except for latent defects and (b) the New 24th Floor Space was in
good and satisfactory condition as of such date except for latent defects. 
 If Landlord fails to cause the New 24th Floor Space Commencement Date to occur on or prior to December 31, 2018 and such failure is due to (a) the holding over or retention of possession by any tenant or occupant on the New 24th
Floor Space, and/or (b) any other reason 

  
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outside of Landlord’s control, then (x) Landlord shall not be subject to any liability for failure to give possession on such date, (y) Tenant waives the right to rescind its lease
of the then existing premises leased by Tenant under the Lease, as modified hereby or to recover any damages that may result from the failure of Landlord to deliver possession of the New 24th Floor Space and agrees that the provisions of this
subparagraph shall constitute an “express provision to the contrary” within the meaning of Section 223-a of the New York Real Property Law, and (z) Landlord shall promptly institute and thereafter diligently prosecute holdover or
other appropriate proceedings (or settle the same under a settlement stipulation providing for the occupant to vacate the New 24th Floor Space, or the applicable portion thereof, on a date which Landlord reasonably believes is a date earlier than
the date on which Landlord would obtain possession of the New 24th Floor Space, or the applicable portion thereof, if Landlord were to continue to diligently prosecute such holdover or other appropriate proceeding) against any occupant of the New
24th Floor Space. 
 Tenant covenants and agrees that if permission is given to Tenant to enter into possession of all or
any portion of the New 24th Floor Space prior to the New 24th Floor Space Commencement Date, then Tenant shall pay all charges for water, sewage disposal, overtime heating, overtime cooling, electricity, lighting and any other utilities attributable
to the New 24th Floor Space which are payable by Tenant hereunder from the date upon which the New 24th Floor Space is delivered to Tenant. Any such charges which may be paid by Landlord shall be reimbursed to Landlord by Tenant within fifteen
(15) days of rendition of a bill therefor. In addition, from such date of delivery through and including the New 24th Floor Space Commencement Date, Tenant shall perform all of its obligations hereunder (other than the obligation to pay fixed
annual rent) including, without limitation, its indemnity and insurance obligations. 
 From and after the New 24th Floor
Space Commencement Date through and including the New Expiration Date, Tenant shall occupy the New 24th Floor Space. From and after the New 24th Floor Space Commencement Date, the terms “demised premises” or “premises” as used in
the Lease, as modified hereby, shall include the New 24th Floor Space. Tenant’s use and occupancy of such demised premises from and after the New 24th Floor Commencement Date hereof shall be
on all of the terms and conditions of the Lease, as modified hereby (including the fixed annual rent and additional rent, as same is modified herein and as same has been and in the future may be adjusted in accordance with the provisions of the
Lease, as modified hereby). 
 (B) Condition of the New 24th Floor Space 

(i) Tenant acknowledges that it has made or been given the opportunity to make a thorough examination and inspection of the
New 24th Floor Space. Tenant agrees that it is entering into this Agreement without any representations or warranties by Landlord, its employees, agents, representatives or servants or any other person as to the condition of the New 24th Floor Space
or the appurtenances thereof or any improvements therein or thereon, or any other matters pertinent thereto except as expressly provided in this Agreement. Tenant agrees to accept the New 24th Floor Space in “as is” condition at the time
possession is given to Tenant, subject to latent defects communicated by Tenant to Landlord within ninety (90) days from the New 24th Floor Space Commencement Date, without requiring any alterations, improvements, repairs or decorations to be
made by Landlord or at Landlord’s expense provided, however, Landlord shall perform, at Landlord’s sole cost and expense, the following work in and to the New 24th Floor Space (such 

  
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work, “Landlord’s New 24th Floor Space Work”): (a) demolish and demise the New 24th Floor Space and deliver the New 24th Floor Space to Tenant in broom clean condition, (b) flash patch the floors in the New 24th Floor Space where reasonably determined by Landlord to be necessary, (c) provide Building standard connection points at the Building’s Data Gathering Panel to enable Tenant to tie-in to
the Building’s Class-E system Tenant’s speakers, strobe lights and smoke detectors, (d) provide a sprinkler rig connection point to enable Tenant to tap-in to the Building’s sprinkler infrastructure, (e) install
fire-proofing and fire-stopping wherever required by applicable code, (f) deliver the existing radiators in working order; (g) supply and install new Building standard radiator covers; and (h) install self-contained control valves for
each radiator in the New 24th Floor Space to provide individual comfort control. In addition to Landlord’s New 24th Floor Space Work, but
not as a component thereof (i.e., the New 24th Floor Space shall not be conditioned upon the occurrence thereof), Landlord shall deliver to Tenant an ACP-5 certificate promptly following
Landlord’s receipt of Tenant’s initial alteration plans for the New 24th Floor Space. Landlord shall also provide all building systems, including without limitation, heating and
sprinkler systems, servicing the New 24th Floor Space in working order on the New 24th Floor Space Commencement Date, as and to the extent
provided to the Original Space in the Original Lease. 
 (ii) The taking of occupancy or possession of the whole or any
portion of the New 24th Floor Space by Tenant shall be conclusive evidence that (a) Tenant accepts the same in “as is” condition as of the date of such possession or occupancy subject to latent defects communicated by Tenant to
Landlord within ninety (90) days from the New 24th Floor Space Commencement Date and (b) the New 24th Floor Space was in good and satisfactory condition as of such date, subject to latent defects communicated by Tenant to Landlord within
ninety (90) days from the New 24th Floor Space Commencement Date. 
 (iii) Landlord shall be required to perform only
Landlord’s New 24th Floor Space Work in the 24th Floor Space prior to Tenant’s initial occupancy thereof provided, however, that Landlord shall have the right to make any changes thereto
which are required by any governmental department or bureau having jurisdiction over the New 24th Floor Space provided Landlord has given prior written notice to Tenant of any material changes. Landlord’s New 24th Floor Space Work shall be
deemed to have been substantially completed even though there shall not then have been completed minor details or adjustments the non-completion of which shall not interfere (other than to a de minimis extent) with the commencement of Tenant’s
work to ready the space for its occupancy and Tenant’s ability to conduct its business in the New 24th Floor Space (“New 24th Floor Space Punchlist Items”). Notwithstanding the foregoing, if the New 24th Floor Space Work has not been substantially completed as a result of a Tenant Delay (defined below), then the New 24th Floor Space Work will be
deemed to have been substantially completed as of the date the New 24th Floor Space Work would have been substantially completed but for such Tenant Delay. For purposes hereof, the term
“Tenant Delay” shall mean any delay caused by the acts or omissions of Tenant, its employees, agents or contractors. Landlord shall use its commercially reasonable efforts to complete any New
24th Floor Space Punchlist Items in a manner to minimize any interference with the performance of Tenant’s work to ready the New 24th
Floor Space for its initial occupancy provided, however, in no event will Landlord be obligated to perform any such work on an overtime or premium pay basis. Notwithstanding the foregoing, Landlord shall also provide all building systems, including
without limitation, heating and sprinkler systems, servicing the New 24th Floor Space in working order on the New 24th Floor Space Commencement Date, as and to the 

  
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extent provided to the Original Space in the Original Lease. In the event there is any ACM located in the New 24th Floor Space which, pursuant to applicable law, must be abated, Landlord shall
abate such ACM at Landlord’s sole cost and expense. The restrooms on the 24th Floor shall be delivered in working order and condition. 

(C) Fixed Annual Rent for the New 24th Floor Space 

From and after the New 24th Floor Space Commencement Date through and including the New Expiration Date, Tenant shall pay to
Landlord for the New 24th Floor Space only, without notice, demand, reduction or set-off, fixed annual rent in the following amounts: (i) for the period from the New 24th Floor Space Commencement Date through and including the day
immediately preceding the five (5) year and ten (10) month anniversary of the 23rd Floor Commencement Date, the amount of $410,960.00 per annum, such amount to be paid in consecutive
equal monthly installments of $34,246.67 on the first day of each calendar month during such period and (ii) for the period from the five (5) year and ten (10) month anniversary of the
23rd Floor Commencement Date through and including the New Expiration Date, the amount of $448,320.00 per annum, such amount to be paid in consecutive equal monthly installments of $37,360.00 on
the first day of each calendar month during such period. 
 For so long as Tenant is not in default, beyond any applicable
grace or cure period, of any term of the Lease or this Agreement, Tenant shall receive a rent credit against fixed annual rent for the New 24th Floor Space only in the amount of $342,466.67, which credit shall be applied, until exhausted,
against the first monthly installments of fixed annual rent payable hereunder for the New 24th Floor Space only. If the term of the Lease, as modified hereby, is terminated prior to its stated expiration date as a result of Tenant’s
default, then, in addition to all other damages, rights and remedies provided in the Lease or this Agreement and provided by law for Landlord, Landlord shall be entitled to the return of the total amount of such rent credit theretofore enjoyed by
Tenant, which sum shall be deemed additional rent due and owing prior to the termination of the term of the Lease, as modified hereby. The obligation of Tenant to pay such additional rent to Landlord shall survive the termination of the term of the
Lease, as modified hereby. Anything in this paragraph to the contrary notwithstanding, Tenant shall continue to be responsible for paying all additional rent and electric charges hereunder for the Original Space and the other New Additional Spaces
(except as may be otherwise provided herein) without any credit, set off, deduction or reduction by reason of this paragraph. 

Notwithstanding anything to the contrary contained herein, the fixed annual rent and any additional rent for the New 24th
Floor Space as set forth in the Lease, as modified hereby, is in addition to all fixed annual rent and additional rent payable by Tenant with respect to the Original Space and the other New Additional Spaces. 

(D) Operating Expense Escalations for the New 24th Floor Space 

From and after the New 24th Floor Space Commencement Date through and including the New Expiration Date, Tenant shall continue
to pay operating expenses escalations in accordance with Article 2.D of the Lease; provided, however, from and after the New 24th Floor Space Commencement Date, with respect to the New 24th Floor Space only, (i) the term “Base

  
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Year” as set forth in Article 2.D(ii)(a) shall mean the calendar year 2016; (ii) the term “The Percentage” as set forth in Article 2.D(ii)(b) shall mean .98 percent (.98%);
and (iii) the term “comparative year” as set forth in Article 2.D(ii)(c) shall mean each calendar year commencing on or after January 1, 2017, in which occurs any part of the term of the Lease, as modified hereby. Notwithstanding
the foregoing, in no event shall Tenant be obligated to pay operating expense escalations for the New 24th Floor Space only for the first ten (10) months following the New 24th Floor Space Commencement Date. 
 (E) Tax Escalations for the New 24th
Floor Space 
 From and after the New 24th Floor Space Commencement Date through and including the New Expiration Date,
Tenant shall continue to pay tax escalations in accordance with Article 2.E of the Lease; provided, however, from and after the New 24th Floor Space Commencement Date, with respect to the New 24th Floor Space only, (i) the term
“base year taxes” as set forth in Article 2.E(ii)(b) shall mean the average of (1) the real estate taxes payable with respect to the Building Project for the 2015/2016 tax year, determined by applying the applicable tax rate to the
base tax year assessment for such tax year and (2) the real estate taxes payable with respect to the Building Project for the 2016/2017 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year;
(ii) the term “base tax year” as set forth in Article 2.E(ii)(c) shall mean the 2016 calendar year; (iii) the term “comparative year” as set forth in Article 2.E(ii)(e) shall mean the 2017 calendar year and each
subsequent period of twelve (12) months all or a portion of which occurs during the term of the Lease, as modified hereby; and (iv) the term “The Percentage” as set forth in Article 2.E(ii)(h) shall mean .98 (.98%) percent.
Notwithstanding the foregoing, in no event shall Tenant be obligated to pay tax escalations for the New 24th Floor Space only for the first ten (10) months following the New 24th Floor Space Commencement Date. 

(F) Square Footage of the New 24th Floor Space 

From the New 24th Floor Space Commencement Date through and including the
New Expiration Date, the following sentence, with respect to the New 24th Floor Space only, shall be added to the end of the last full paragraph which is below the heading of “WITNESSETH” on the first page of the Lease: “For
all purposes of this lease the parties agree that the rentable square foot area of (a) Suite 2403 in the Building shall be deemed to be 2,508 rentable square feet, (b) Suite 2404 shall be deemed to be 2,425 rentable square feet and
(c) Suite 2405B shall be deemed to be 2,539 rentable square feet, in each case irrespective of any disparity between such figure and any actual measurement of such area.” 

(G) Use of New 24th Floor Space 

Tenant shall use the New 24th Floor Space solely as general, executive and administrative offices for the conduct of
Tenant’s business in accordance with the provisions of Article 1 of the Original Lease. 

  
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 (H) Electricity to the New 24th Floor Space 

From the New 24th Floor Space Commencement Date through and including the New Expiration Date, electricity to the New 24th
Floor Space shall be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. If the New 24th Floor Space is not presently submetered, Landlord shall install prior to the New 24th Floor Space
Commencement Date, at Landlord’s cost and expense, one (1) or more submeters to measure electricity consumption in the New 24th Floor Space. From and after the New 24th Space Commencement Date, Landlord shall provide to the New 24th Floor
Space an average connected load of 6 watts per useable square foot (exclusive of electricity provided to support the air conditioning equipment servicing the New 24th Floor Space). 

(I) Landlord’s New 24th Floor Space Contribution 

Landlord shall provide Tenant an allowance of up to $448,320.00 to defray the cost of work to be performed by Tenant in the
New 24th Floor Space prior to Tenant’s initial occupancy thereof (such work, “Tenant’s New 24th Floor Space Installation Work”). Such sum (“Landlord’s New 24th Floor Space Contribution”) shall be payable (as
hereinafter provided) against requisitions therefor accompanied by (i) the certification of Tenant’s architect that the work described on such requisition has been completed in good and workmanlike fashion substantially in accordance with
the plans and specifications theretofore approved by Landlord, (ii) a list specifying in reasonable detail the work performed for which such requisition is being submitted and the portion of the amount of such requisition allocated to each such
item of work and (iii) waivers of mechanics liens for all work for which such installment of Landlord’s New 24th Floor Space Contribution has been requisitioned, from each contractor, sub-contractor, vendor and supplier of labor and
material for whom such installment of Landlord’s New 24th Floor Space Contribution is being requisitioned. Each such installment of Landlord’s New 24th Floor Space Contribution shall be subject to a retainage amount equal to ten
(10%) percent (as reflected in the formula for payment set forth in the penultimate sentence of this paragraph) and the amount of such retainage shall be paid to Tenant upon final completion of Tenant’s New 24th Floor Space Installation
Work and delivery to Landlord of documents referred to in (i) through (iii) above in this paragraph (including valid waivers of lien from each such contractor, sub-contractor, vendor and supplier of labor and material, representing that
all payments due to each of them have been made and no new sums will be due and owing in connection with work theretofore contracted) and such certificates of occupancy or use, permits and sign-offs from governmental agencies as may be required in
connection with Tenant’s New 24th Floor Space Installation Work. Payments on account of Landlord’s New 24th Floor Space Contribution shall not be payable more frequently than monthly. Each such installment of Landlord’s New 24th Floor
Space Contribution (other than payment of the retainage amount after final completion of Tenant’s New 24th Floor Space Installation Work) shall be equal to the difference between (x) the product which results from multiplying (i) the
Landlord’s New 24th Floor Space Contribution by (ii) .9 by (iii) the percentage of Tenant’s New 24th Floor Space Installation Work completed to the date of Tenant’s requisition for payment as certified to Landlord by
Tenant’s architect and (y) all prior payments on account of Landlord’s New 24th Floor Space Contribution. If it shall appear to Landlord in the exercise of its reasonable judgment that at any time the remaining portion of
Landlord’s New 24th Floor Space Contribution shall not be sufficient to complete Tenant’s New 24th Floor Space Installation Work, then prior to making any further payments on 

  
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account of Landlord’s New 24th Floor Space Contribution, Landlord may require Tenant to (and Tenant shall) deposit with Landlord a sum (as Landlord shall determine in the exercise of its
reasonable judgment) which together with the balance of Landlord’s New 24th Floor Space Contribution, shall be sufficient to complete all such Tenant’s New 24th Floor Space Installation Work. No portion of Landlord’s New 24th Floor
Space Contribution shall be applied by Tenant against expenses for furniture, office equipment or other personal property provided, however, up to $44,832.00 of Landlord’s New 24th Floor Space Contribution may be used by Tenant for
“soft” costs incurred by Tenant which are attributable to Tenant’s New 24th Floor Space Installation Work (e.g., the costs of Tenant’s architect, engineer and expediter and permit and filing fees) including, without limitation,
the cost of Tenant’s IT cabling. Landlord hereby agrees that no portion of Tenant’s New 24th Floor Space Installation Work shall be required to be removed on the New Expiration Date or the sooner termination of the Lease, as modified
hereby provided, however, notwithstanding the foregoing, Tenant, at Tenant’s sole cost and expense shall, upon the expiration or sooner termination of the Lease, as modified hereby, remove from the New 24th Floor Space any Specialty Alterations (as such term is defined in the Original Lease) that Landlord designates for removal at the time Landlord grants its consent thereto and, in such event, Tenant
shall repair any damage to the Building resulting therefrom, such obligation of Tenant to survive the expiration or sooner termination of the Lease, as modified hereby. 

Notwithstanding anything to the contrary set forth in the Lease, as modified hereby, Landlord shall provide Tenant with an
aggregate of thirty-six (36) hours of overtime freight elevator service in connection with Tenant’s New 24th Floor Space Installation Work and Tenant’s initial move in to the New 24th Floor Space at no charge to Tenant provided,
however, that Tenant avails itself thereof in blocks of four (4) hours each. 
 (J) Additional New 24th Floor Space Concession 
 (i) Provided that (a) Tenant delivers
to Landlord evidence reasonably satisfactory to Landlord that Tenant has performed the New 24th Floor Space HVAC Work (as defined below) and (b) Landlord receives the items set forth in (ii) below, Tenant shall be entitled to be reimbursed
by Landlord for the amount of the “hard” costs of the New 24th Floor Space HVAC Work (i.e., not including the fees of architects, engineers, expediters or consultants or any permits or license fees), subject to a maximum reimbursement from
Landlord therefor of $93,400.00. The payment required to be made by Landlord under this subparagraph (i) shall be made by Landlord within thirty (30) days after Tenant fully complies with its obligations under this subparagraph (J). 

(ii) Within thirty (30) days after completion of the New 24th Floor Space HVAC Work, Tenant shall deliver to Landlord
(a) general releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the New 24th Floor Space HVAC Work and the materials furnished in connection therewith, (b) paid receipts
evidencing the “hard costs” incurred by Tenant in performing the New 24th Floor Space HVAC Work and (c) a certificate from Tenant’s independent architect certifying that (1) in his opinion the New 24th Floor Space HVAC Work
has been performed in a good and workerlike manner and completed in accordance with the final detailed plans and specifications for such New 24th Floor Space HVAC Work as approved by Landlord and (2) all contractors, subcontractors and
materialmen have been paid for the New 24th Floor Space HVAC Work and materials furnished through such date. 

  
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 (iii) For purposes hereof, the “New 24th Floor Space HVAC Work” shall
mean the purchase and installation of air handlers as needed to supply air conditioning to the New 24th Floor Space for normal occupancy, including supplying electrical power, connecting Tenant’s HVAC unit to such electrical power supply,
installation of outside air intake duct work and stub for connection to Tenant’s distribution system. Notwithstanding the foregoing, if the “hard” costs of the New 24th Floor Space
HVAC Work is less than the maximum contribution to which Tenant would otherwise be entitled pursuant to subparagraph (i) above and, as a result thereof, such contribution has not been fully exhausted following payment in full of such
“hard” costs of the New 24th Floor Space HVAC Work, then Tenant may request that the balance of such contribution be applied toward the “hard” costs of the HVAC work previously
performed and paid for by Tenant (i.e., to the extent paid for by Tenant out of its own funds, not out of Landlord’s contribution with respect thereto) in the 2400/2406/2405A Space and, provided that Tenant delivers to Landlord the items set
forth in subparagraph (ii) above with respect to such “hard” costs so paid for by Tenant in connection with the HVAC work in the 2400/2406/2405A Space, Landlord shall pay to Tenant the remaining portion of the contribution
contemplated in subparagraph (i) above (or so much thereof as Tenant evidences to Landlord that Tenant paid for such work). 

(iv) Notwithstanding the foregoing provisions of this subparagraph (J), Tenant, if it so elects by written notice to
Landlord, may elect to include all (but not less than all) of the reimbursement amount contemplated in subparagraph (i) above (i.e., $93,400.00) in Landlord’s New 24th Floor Space
Contribution and, if Tenant so elects, (a) such amount shall be added to Landlord’s New 24th Floor Space Contribution (in which case the provisions of this subparagraph (J) shall be
rendered null and void) and the provisions of subparagraph I above shall apply thereto and (b) the permitted “soft” cost component thereof shall be increased by an amount equal to $9,340.00. 

(K) Landlord acknowledges it is Tenant’s intention to combine the New 24th Floor Space with the balance of the 24th floor in the Building leased by Tenant pursuant to the First Amendment, subject to Landlord’s review of Tenant’s plans therefor, which approval shall not be unreasonably withheld or
delayed and Tenant’s compliance with the other applicable provisions of the Lease, as modified hereby. Landlord agrees that Tenant may remove any nonstructural walls separating the New 24th
Floor Space from the remainder of the 24th floor in the Building and close any entrances which Tenant may desire. Notwithstanding anything to the contrary set forth herein or in the Lease, Tenant
shall have no obligation to restore any such demising walls or entrances upon the expiration or sooner termination of the term of the Lease, as modified hereby. 

6. Right Of First Offer Re: Suite 2202 

(A) For purposes of this Paragraph 6, the term “2202 First Offer Space” shall mean all of Suite 2202 in the Building
(“Suite 2202”) (as indicated by cross-hatching on Exhibit A-1 annexed hereto). 
 (B) Provided
(i) Tenant is not in monetary or material non-monetary default under the terms and conditions of the Lease, as modified hereby, beyond applicable periods of notice and grace as of both the date of the giving of the 2202 Acceptance Notice and
the 2202 First Offer Space Inclusion Date (as such terms are herein defined), and (ii) Tenant (or an assignee pursuant to an assignment which, pursuant to the provisions of the Lease, as modified hereby, did not require

  
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Landlord’s prior written consent thereto) is in physical occupancy of not less than 80% of the entire demised premises, Tenant shall have the right to include the 2202 First Offer Space in
the demised premises when and if it shall become available for leasing by Landlord during the term hereof. Any attempt to exercise the first offer right provided herein under any one or more of such circumstances shall be null and void. Landlord
represents to Tenant that the leases of the existing tenants of Suite 2202 expire December 31, 2018 and that there are no rights of extension set forth in said tenants’ leases or elsewhere. Landlord shall not renew or extend the term of
the leases for the existing tenants of Suite 2202 provided, however, notwithstanding anything to the contrary contained in this Paragraph 6, the rights of Tenant as set forth in this Paragraph 6 are expressly subject and subordinate to the rights of
other tenants in the Building to lease Suite 2202. Landlord agrees that it shall not, following the date hereof, grant any other rights to lease Suite 2202 unless the same is subordinate to the rights of Tenant herein. Tenant hereby agrees that any
offer to Tenant of the 2202 First Offer Space shall be only for the entire 2202 First Offer Space, Tenant specifically agreeing that Tenant’s lease of the 2202 First Offer Space must be as to all (but not less than all) of the space comprising
the 2202 First Offer Space. 
 (C) (i) Such first offer shall be made by Tenant to Landlord by written notice
(hereinafter called “Tenant’s 2202 Acceptance Notice”) pursuant to which Tenant agrees to lease the 2202 First Offer Space on the terms set forth in this Paragraph 6, which Tenant’s 2202 Acceptance Notice shall be received by
Landlord no later than December 31, 2017, time being of the essence. Upon Landlord’s receipt of Tenant’s 2202 Acceptance Notice, Landlord shall notify Tenant in writing of the date the 2202 First Offer Space is expected by Landlord to
become available for leasing by Tenant (the “2202 First Offer Space Scheduled Commencement Date”), which 2202 First Offer Space Scheduled Commencement Date shall not be more than sixty (60) days following the date Landlord obtains
vacant possession of the 2202 First Offer Space. The expiration date of the term with respect to the 2202 First Offer Space will be the New Expiration Date (as the same may be extended pursuant to the provisions of the Lease, as modified hereby).
Subject to the terms hereof, if Tenant timely delivers to Landlord Tenant’s 2202 Acceptance Notice, time being of the essence, then the parties hereto shall be immediately bound thereby and shall promptly execute and deliver a written amendment
to the Lease, as modified hereby, reasonably satisfactory to both Landlord and Tenant, so that the 2202 First Offer Space shall be added to and included in the demised premises for the period (i) commencing on the date (the “2202 First
Offer Space Inclusion Date”) which is the earlier to occur of (y) the date on which Tenant shall take exclusive possession of the 2202 First Offer Space for purposes of construction or the conduct of business and (z) the 2202 First
Offer Space Scheduled Commencement Date for the 2202 First Offer Space provided the 2202 First Offer Space is vacant and broom clean and otherwise in the condition required by this Paragraph and (ii) ending on the New Expiration Date of the
Lease, as modified hereby (as the same may be extended pursuant to the provisions of the Lease, as modified hereby). 

(ii) Notwithstanding the provisions of subparagraph (i) above, if Landlord obtains, or reasonably believes it will
obtain, vacant possession of the 2202 First Offer Space prior to December 31, 2018, Landlord will notify Tenant thereof in writing and Tenant, if it so elects shall, within thirty (30) days from receipt of such notice from Landlord, time
being of the essence, deliver to Landlord Tenant’s 2202 Acceptance Notice agreeing to lease the 2202 First Offer Space on the terms set forth in this Paragraph 6 (including, but not limited to, the provisions set forth in subparagraph
(i) above with respect to the 2202 First Offer Space Scheduled Commencement Date), 

  
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and if Tenant so timely elects then the parties hereto shall be immediately bound thereby and shall promptly execute and deliver a written amendment to the Lease, as modified hereby, on the terms
contemplated in this Paragraph 6. 
 (iii) The inclusion of the 2202 First Offer Space shall be upon all of the terms and
conditions of the Lease, as modified hereby, except as otherwise stated in this Paragraph, and upon such additional terms and conditions as are set forth in this Paragraph. 

(D) As of the 2202 First Offer Space Inclusion Date, the Lease, as modified hereby, and Tenant’s obligations under the
Lease, as modified hereby, will be modified to reflect the changes set forth in subparagraph (G) below. The additional security deposit required for the 2202 First Offer Space shall be reasonably agreed to between Landlord and Tenant prior to
the 2202 First Offer Space Scheduled Commencement Date. 
 (E) Tenant shall accept the 2202 First Offer Space in its
“as is” condition and state of repair existing as of the date of the 2202 First Offer Space Inclusion Date with respect thereto, subject to latent defects, and Landlord shall not be required to perform any work, supply any materials or
incur any expense (including the granting of any allowance to Tenant with respect thereto) to prepare such 2202 First Offer Space for Tenant’s occupancy, nor shall Tenant be entitled to a credit against fixed annual rent or any other rent
concession with respect to the 2202 First Offer Space. The foregoing factors shall be taken into account when determining the FMR. Notwithstanding the foregoing, Landlord shall deliver the 2202 First Offer Space to Tenant vacant, broom clean and
free of all tenancies and occupants with all building systems servicing the 2202 First Offer Space in working order. 
 (F)
The initial fixed annual rent for the 2202 First Offer Space shall be the FMR of the 2202 First Offer Space as of the 2202 First Offer Space Inclusion Date. The FMR shall be determined in accordance with the procedures set forth in Article 52 of the
Original Lease. Such initial fixed annual rent shall be subject to escalations as otherwise provided in the Lease, as modified hereby, including, but not limited to, operating expenses and real estate tax escalations (as modified by subparagraph
(G) below), at the same time and in the same manner as applicable to the balance of the demised premises and such factors shall be considered when determining FMR. 

(G) Tenant shall pay to Landlord additional rent with respect to the 2202 First Offer Space from and after the 2202 First
Offer Space Inclusion Date in accordance with all of the terms and conditions of the Lease, as modified hereby, except that: 

(i) the term “The Percentage” provided for in Articles 2D(ii)(b) and 2E(ii)(h) shall mean 1.39%; 

(ii) the term “Base Year” provided for in Article 2D(ii)(a) shall mean the calendar year in which the 2202 First
Offer Space Inclusion Date occurs; 
 (iii) in Article 2E(ii), the term: (a) “base year taxes” shall mean
the real estate taxes payable with respect to the Building, any improvements related thereto and the land on which the Building or such other improvements are situated for the tax year in which the 2202 First

  
 -27- 

 
Offer Space Inclusion Date occurs multiplied by applying the applicable tax rate to the base year tax assessment for such tax year; (b) “base tax year” shall mean the tax year in
which the 2202 First Offer Space Inclusion Date occurs; and (c) “base tax year assessment” shall mean the taxable assessed value (giving effect to any abatement, exemption or credit) of the Building, other improvements related thereto
and the land on which the Building is situated for the applicable tax year; and 
 (iv) for all purposes of the Lease, as
modified hereby, the parties agree that the rentable square foot area of the 2202 First Offer Space shall be deemed to be 10,653 rentable square feet, irrespective of any disparity between such figure and any actual measurement of such area. 

(H) Any work performed by Tenant in the 2202 First Offer Space shall be subject to the terms, conditions and provisions of the
Lease, as modified hereby. All alterations permitted to be made to the 2202 First Offer Space shall be at Tenant’s sole cost and expense, and Landlord shall have no responsibility therefor. 

(I) Effective as of the 2202 First Offer Space Inclusion Date, through and including the New Expiration Date, electricity to
the 2202 First Offer Space shall be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. Landlord shall provide an average connected load of 6 watts per useable square foot (exclusive of
electricity provided to support the air conditioning equipment installed to service the 22nd Floor) to the 2202 First Offer Space. 

(J) Once Tenant has delivered Tenant’s 2202 Acceptance Notice, Landlord shall use commercially reasonable efforts to
deliver possession of the 2202 First Offer Space to Tenant on or prior to the 2202 First Offer Space Scheduled Commencement Date. If Landlord fails to cause the 2202 First Offer Space Inclusion Date to occur on or prior to the 2202 First Offer Space
Scheduled Commencement Date and such failure is due to (a) the unauthorized holding over or retention of possession by any tenant or occupant in the 2202 First Offer Space, and/or (b) any other reason outside of Landlord’s control,
then (x) Landlord shall not be subject to any liability for failure to give possession on such date, (y) Tenant waives the right to rescind its lease of the then existing premises leased by Tenant under the Lease, as modified hereby or to
recover any damages that may result from the failure of Landlord to deliver possession of the 2202 First Offer Space and agrees that the provisions of this subparagraph shall constitute an “express provision to the contrary” within the
meaning of Section 223-a of the New York Real Property Law, and (z) Landlord shall promptly institute and thereafter diligently prosecute holdover or other appropriate proceedings (or settle the same under a settlement stipulation
providing for the occupant to vacate the 2202 First Offer Space on a date which Landlord reasonably believes is a date earlier than the date on which Landlord would obtain possession of the 2202 First Offer Space if Landlord were to continue to
diligently prosecute such holdover or other appropriate proceeding) against any occupant of the 2202 First Offer Space. Notwithstanding the foregoing, if other than as a result of a Tenant Delay or events of force majeure (which, for purposes
hereof, shall include, but is not limited to, one (1) or more of the existing tenants of the 2202 First Offer Space holding over (without Landlord’s consent thereto) with respect thereto), the 2202 First Offer Space Inclusion Date shall
not occur on or before (a) March 31, 2019, then Landlord shall provide to Tenant an additional credit against fixed annual rent for the 

  
 -28- 

 
2202 First Offer Space only equal to one (1) day of per diem fixed annual rent for the 2202 First Offer Space only for each day after March 31, 2019 (but prior to July 1, 2019)
that the 2202 First Offer Space Inclusion Date shall not have occurred and (b) June 30, 2019, then Landlord shall provide to Tenant an additional credit against fixed annual rent for the 2202 First Offer Space only equal to two
(2) days of per diem fixed annual rent for the 2202 First Offer Space only for each day after June 30, 2019 that the 2202 First Offer Space Inclusion Date shall not have occurred. 

(K) Subject to the provisions of this Paragraph 6 (including, but not limited to, the superior rights of other tenants in the
Building to lease the 2202 First Offer Space), Tenant shall be given the first opportunity to lease the 2202 First Offer Space, in accordance with the terms of this Paragraph, provided, however, that if Tenant does not elect to lease the 2202 First
Offer Space, in accordance with this Paragraph and within the applicable time period, time being of the essence, then (i) Tenant shall have waived and relinquished its right to lease the 2202 First Offer Space pursuant to this Paragraph,
(ii) Landlord shall at any time thereafter be entitled to lease the 2202 First Offer Space to others at such rental and upon such terms and conditions as Landlord in its sole discretion may desire, and (iii) Tenant, upon Landlord’s
request, shall promptly deliver to Landlord (and any other person or entity designated by Landlord) a notice acknowledging that Tenant has forever waived and relinquished its right to lease the 2202 First Offer Space. 

(L) The first offer right set forth herein may not be severed from the Lease, as modified hereby, or separately sold or
transferred. 
 (M) Tenant acknowledges that Landlord has advised it that the 2202 First Offer Space is presently serviced
by one (1) or more air-cooled air-conditioning units which are controlled by the occupant of such space. 
 7.
Right Of First Offer Re: Suite 2204 
 (A) For purposes of this Paragraph 7, the term “2204 First Offer
Space” shall mean all of Suite 2204 in the Building (“Suite 2204”) (as indicated by cross-hatching on Exhibit A-1 annexed hereto). 

(B) Provided (i) Tenant is not in monetary or material non-monetary default under the terms and conditions of the Lease,
as modified hereby, beyond applicable periods of notice and grace as of both the date of the giving of the 2204 Acceptance Notice and the 2204 First Offer Space Inclusion Date (as such terms are herein defined), and (ii) Tenant (or an assignee
pursuant to an assignment which, pursuant to the provisions of the Lease, as modified hereby, did not require Landlord’s prior written consent thereto) is in physical occupancy of not less than 80% of the demised premises, Tenant shall have the
right to include the 2204 First Offer Space in the demised premises when and if it shall become available for leasing by Landlord during the term hereof. Any attempt to exercise the first offer right provided herein under any one or more of such
circumstances shall be null and void. Landlord represents to Tenant that the lease for the existing tenant of Suite 2204 is scheduled to expire on December 31, 2018 and that such tenant does not have any right to renew or extend the term of its
lease. Landlord shall not renew the lease for the existing tenant of Suite 2204 provided, however, notwithstanding anything to the contrary contained in this Paragraph 7, the rights of Tenant as set forth in this Paragraph 7 are expressly subject
and subordinate to the 

  
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rights of other tenants in the Building to lease Suite 2204. Landlord agrees that it shall not, following the date hereof, grant any other rights to lease Suite 2204 unless the same is
subordinate to the rights of Tenant herein. Tenant hereby agrees that any offer to Tenant of the 2204 First Offer Space shall be only for the entire 2204 First Offer Space, Tenant specifically agreeing that Tenant’s lease of the 2204 First
Offer Space must be as to all (but not less than all) of the space comprising the 2204 First Offer Space. 
 (C)
(i) Such first offer shall be made by Tenant to Landlord by written notice (hereinafter called “Tenant’s 2204 Acceptance Notice”) pursuant to which Tenant agrees to lease the 2204 First Offer Space on the terms set forth in this
Paragraph 7, which Tenant’s 2204 Acceptance Notice shall be received by Landlord no later than December 31, 2017, time being of the essence. Upon Landlord’s receipt of Tenant’s 2204 Acceptance Notice, Landlord shall notify Tenant
in writing of the date the 2204 First Offer Space is expected by Landlord to become available for leasing by Tenant (the “2204 First Offer Space Scheduled Commencement Date”), which 2204 First Offer Space Scheduled Commencement Date shall
not be more than sixty (60) days following the date Landlord obtains vacant possession of the 2204 First Offer Space. The expiration date of the term with respect to the 2204 First Offer Space will be the New Expiration Date (as the same may be
extended pursuant to the provisions of the Lease, as modified hereby). Subject to the terms hereof, if Tenant timely delivers to Landlord Tenant’s 2204 Acceptance Notice, time being of the essence, then the parties hereto shall be immediately
bound thereby and shall promptly execute and deliver a written amendment to the Lease, as modified hereby, reasonably satisfactory to both Landlord and Tenant, so that the 2204 First Offer Space shall be added to and included in the demised premises
for the period (i) commencing on the date (the “2204 First Offer Space Inclusion Date”) which is the earlier to occur of (y) the date on which Tenant shall take exclusive possession of the 2204 First Offer Space for purposes of
construction or the conduct of business and (z) the 2204 First Offer Space Scheduled Commencement Date for the 2204 First Offer Space provided the 2204 First Offer Space is vacant and broom clean and otherwise in the condition required by this
Paragraph and (ii) ending on the New Expiration Date of the Lease, as modified hereby (as the same may be extended pursuant to the provisions of the Lease, as modified hereby). 

(ii) Notwithstanding the provisions of subparagraph (i) above, if Landlord obtains, or reasonably believes it will
obtain, vacant possession of the 2204 First Offer Space prior to December 31, 2018, Landlord will notify Tenant thereof in writing and Tenant, if it so elects shall, within thirty (30) days from receipt of such notice from Landlord, time
being of the essence, deliver to Landlord Tenant’s 2204 Acceptance Notice agreeing to lease the 2204 First Offer Space on the terms set forth in this Paragraph 7 (including, but not limited to, the provisions set forth in subparagraph
(i) above with respect to the 2204 First Offer Space Scheduled Commencement Date), and if Tenant so timely elects then the parties hereto shall be immediately bound thereby and shall promptly execute and deliver a written amendment to the
Lease, as modified hereby, on the terms contemplated in this Paragraph 7. 
 (iii) The inclusion of the 2204 First Offer
Space shall be upon all of the terms and conditions of the Lease, as modified hereby, except as otherwise stated in this Paragraph, and upon such additional terms and conditions as are set forth in this Paragraph. 

  
 -30- 

 (D) As of the 2204 First Offer Space Inclusion Date, the Lease, as modified
hereby, and Tenant’s obligations under the Lease, as modified hereby, will be modified to reflect the changes set forth in subparagraph (G) below. The additional security deposit required for the 2204 First Offer Space shall be reasonably
agreed to between Landlord and Tenant prior to the 2204 First Offer Space Scheduled Commencement Date. 
 (E) Tenant shall
accept the 2204 First Offer Space in its “as is” condition and state of repair existing as of the date of the 2204 First Offer Space Inclusion Date with respect thereto, except for latent defects, and Landlord shall not be required to
perform any work, supply any materials or incur any expense (including the granting of any allowance to Tenant with respect thereto) to prepare such 2204 First Offer Space for Tenant’s occupancy, nor shall Tenant be entitled to a credit against
fixed annual rent or any other rent concession with respect to the 2204 First Offer Space. The foregoing factors shall be taken into account when determining the FMR. Notwithstanding the foregoing, Landlord shall deliver the 2204 First Offer Space
to Tenant vacant, broom clean and free of all tenancies and occupants with all building systems servicing the 2204 First Offer Space in working order. 

(F) The initial fixed annual rent for the 2204 First Offer Space shall be the FMR of the 2204 First Offer Space as of the 2204
First Offer Space Inclusion Date. The FMR shall be determined in accordance with the procedures set forth in Article 52 of the Original Lease. Such initial fixed annual rent shall be subject to escalations as otherwise provided in the Lease, as
modified hereby, including, but not limited to, operating expenses and real estate tax escalations (as modified by subparagraph (G) below), at the same time and in the same manner as applicable to the balance of the demised premises and such
factors shall be considered when determining FMR. 
 (G) Tenant shall pay to Landlord additional rent with respect to the
2204 First Offer Space from and after the 2204 First Offer Space Inclusion Date in accordance with all of the terms and conditions of the Lease, as modified hereby, except that: 

(i) the term “The Percentage” provided for in Articles 2D(ii)(b) and 2E(ii)(h) shall mean .42%; 

(ii) the term “Base Year” provided for in Article 2D(ii)(a) shall mean the calendar year in which the 2204 First
Offer Space Inclusion Date occurs; 
 (iii) in Article 2E(ii), the term: (a) “base year taxes” shall mean
the real estate taxes payable with respect to the Building, any improvements related thereto and the land on which the Building or such other improvements are situated for the tax year in which the 2204 First Offer Space Inclusion Date occurs
multiplied by applying the applicable tax rate to the base year tax assessment for such tax year; (b) “base tax year” shall mean the tax year in which the 2204 First Offer Space Inclusion Date occurs; and (c) “base tax year
assessment” shall mean the taxable assessed value (giving effect to any abatement, exemption or credit) of the Building, other improvements related thereto and the land on which the Building is situated for the applicable tax year; and 

  
 -31- 

 (iv) for all purposes of the Lease, as modified hereby, the parties agree that
the rentable square foot area of the 2204 First Offer Space shall be deemed to be 3,213 rentable square feet, irrespective of any disparity between such figure and any actual measurement of such area. 

(H) Any work performed by Tenant in the 2204 First Offer Space shall be subject to the terms, conditions and provisions of the
Lease, as modified hereby. All alterations permitted to be made to the 2204 First Offer Space shall be at Tenant’s sole cost and expense, and Landlord shall have no responsibility therefor. 

(I) Effective as of the 2204 First Offer Space Inclusion Date, through and including the New Expiration Date, electricity to
the 2204 First Offer Space shall be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. Landlord shall provide an average connected load of 6 watts per useable square foot (exclusive of
electricity provided to support the air conditioning equipment installed to service the 22nd Floor) to the 2204 First Offer Space. 

(J) Once Tenant has delivered the 2204 Acceptance Notice, Landlord shall use commercially reasonable efforts to deliver
possession of the 2204 First Offer Space to Tenant on or prior to the 2204 First Offer Space Scheduled Commencement Date. If Landlord fails to cause the 2204 First Offer Space Inclusion Date to occur on or prior to the 2204 First Offer Space
Scheduled Commencement Date and such failure is due to (a) the unauthorized holding over or retention of possession by any tenant or occupant in the 2204 First Offer Space, and/or (b) any other reason outside of Landlord’s control,
then (x) Landlord shall not be subject to any liability for failure to give possession on such date, (y) Tenant waives the right to rescind its lease of the then existing premises leased by Tenant under the Lease, as modified hereby or to
recover any damages that may result from the failure of Landlord to deliver possession of the 2204 First Offer Space and agrees that the provisions of this subparagraph shall constitute an “express provision to the contrary” within the
meaning of Section 223-a of the New York Real Property Law, and (z) Landlord shall promptly institute and thereafter diligently prosecute holdover or other appropriate proceedings (or settle the same under a settlement stipulation
providing for the occupant to vacate the 2204 First Offer Space on a date which Landlord reasonably believes is a date earlier than the date on which Landlord would obtain possession of the 2204 First Offer Space if Landlord were to continue to
diligently prosecute such holdover or other appropriate proceeding) against any occupant of the 2204 First Offer Space. Notwithstanding the foregoing, if other than as a result of a Tenant Delay or events of force majeure (which, for purposes
hereof, shall include, but is not limited to, one (1) or more of the existing tenants of the 2204 First Offer Space holding over (without Landlord’s consent thereto) with respect thereto), the 2204 First Offer Space Inclusion Date shall
not occur on or before (a) March 31, 2019, then Landlord shall provide to Tenant an additional credit against fixed annual rent for the 2204 First Offer Space only equal to one (1) day of per diem fixed annual rent for the 2204 First
Offer Space only for each day after March 31, 2019 (but prior to July 1, 2019) that the 2204 First Offer Space Inclusion Date shall not have occurred and (b) June 30, 2019, then Landlord shall provide to Tenant an additional
credit against fixed annual rent for the 2204 First Offer Space only equal to two (2) days of per diem fixed annual rent for the 2204 First Offer Space only for each day after June 30, 2019 that the 2204 First Offer Space Inclusion Date
shall not have occurred. 

  
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 (K) Subject to the provisions of this Paragraph 7 (including, but not limited to,
the superior rights of other tenants in the Building to lease the 2204 First Offer Space), Tenant shall be given the first opportunity to lease the 2204 First Offer Space, in accordance with the terms of this Paragraph, provided, however, that if
Tenant does not elect to lease the 2204 First Offer Space, in accordance with this Paragraph and within the applicable time period, time being of the essence, then (i) Tenant shall have waived and relinquished its right to lease the 2204 First
Offer Space pursuant to this Paragraph, (ii) Landlord shall at any time thereafter be entitled to lease the 2204 First Offer Space to others at such rental and upon such terms and conditions as Landlord in its sole discretion may desire, and
(iii) Tenant, upon Landlord’s request, shall promptly deliver to Landlord (and any other person or entity designated by Landlord) a notice acknowledging that Tenant has forever waived and relinquished its right to lease the 2204 First
Offer Space. 
 (L) The first offer right set forth herein may not be severed from the Lease, as modified hereby, or
separately sold or transferred. 
 (M) Tenant acknowledges that Landlord has advised it that the 2204 First Offer Space is
presently serviced by one (1) or more air-cooled air-conditioning units which are controlled by the occupant of such space. 

8. Right of First Offer re: The Entire 26th Floor in the Building 

Notwithstanding anything to the contrary set forth in this Paragraph 8 or the Lease, as modified hereby, Tenant may elect to
lease (a) the 26 First Offer Space pursuant to this Paragraph 8 or (b) the 26/27 First Offer Space pursuant to Paragraph 15 of the First Modification, whichever Tenant elects (if any). Upon Tenant’s election to lease either the 26
First Offer Space pursuant to this Paragraph 8 or the 26/27 First Offer Space pursuant to Paragraph 15 of the First Modification, the Paragraph which Tenant has not elected to lease the operative such space pursuant to shall be immediately rendered
null and void. 
 (A) For purposes of this Paragraph 8, the term “26 First Offer Space” shall mean all of floor 26
in the Building (as indicated by cross-hatching on Exhibit B annexed hereto). 
 (B) Provided (i) Tenant is not in
monetary or material non-monetary default under the terms and conditions of the Lease, as modified hereby, beyond applicable periods of notice and grace as of both the date of the giving of the 26 Acceptance Notice and the 26 First Offer Space
Inclusion Date (as such terms are herein defined), and (ii) Tenant (or an assignee pursuant to an assignment which, pursuant to the provisions of the Lease, as modified hereby, did not require Landlord’s prior written consent thereto) is
in physical occupancy of not less than 80% of the demised premises, Tenant shall have the right to include the 26 First Offer Space in the demised premises when and if the entire 26 First Offer Space shall become available for leasing by Landlord
during the term hereof. Any attempt to exercise the first offer right provided herein under any one or more of such circumstances shall be null and void. Landlord represents to Tenant that the lease for the existing tenant of the 26th First Offer
Space expires on March 31, 2018. Landlord further represents to Tenant that the existing tenant does not have any right to renew or extend the term of its lease. Landlord shall not renew or extend the term of the lease for the existing tenant
of the 26 First Offer Space or any portion thereof or enter into, or offer for lease, all or any portion of the 26 

  
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First Offer Space to any third party without first offering such 26 First Offer Space to Tenant pursuant to this Paragraph 8. Landlord represents that no other tenants of the Building have a
right to lease or occupy the 26 First Offer Space. Landlord agrees that it shall not grant any other rights to lease the 26 First Offer Space unless the same is subordinate to the rights of Tenant herein. Tenant hereby agrees that any offer to
Tenant of the 26 First Offer Space shall be only for the entire 26 First Offer Space, Tenant specifically agreeing that Tenant’s lease of the 26 First Offer Space must be as to all (but not less than all) of the space comprising the 26 First
Offer Space. 
 (C) Such first offer shall be made by Landlord to Tenant by written notice (hereinafter called
“Landlord’s 26 Notice”), which Landlord’s 26 Notice shall specify the date the 26 First Offer Space is expected by Landlord to become available for leasing by Tenant (the “26 First Offer Space Scheduled Commencement
Date”), which 26 First Offer Space Scheduled Commencement Date shall not be less than twelve (12) months following the date of Landlord’s 26 Notice. The expiration date of the term with respect to the 26 First Offer Space will be the
New Expiration Date (as the same may be extended pursuant to the provisions of the Lease, as modified hereby). Not later than ten (10) business days following Tenant’s receipt of Landlord’s 26 Notice for the 26 First Offer Space, time
being of the essence, Tenant shall, if it so elects, give Landlord a written notice (the “26 Acceptance Notice”) agreeing to lease the 26 First Offer Space. Subject to the terms hereof, if Tenant timely commits to accept Landlord’s
offer with respect to the 26 First Offer Space, time being of the essence, then the parties hereto shall be immediately bound thereby and shall promptly execute and deliver a written amendment to the Lease, as modified hereby, reasonably
satisfactory to both Landlord and Tenant, so that the 26 First Offer Space shall be added to and included in the demised premises for the period (i) commencing on the date (the “26 First Offer Space Inclusion Date”) which is the
earlier to occur of (y) the date on which Tenant shall take exclusive possession of the 26 First Offer Space for purposes of construction or the conduct of business and (z) the 26 First Offer Space Scheduled Commencement Date for the 26
First Offer Space provided the 26 First Offer Space is vacant and broom clean and otherwise in the condition required by this Paragraph and (ii) ending on the New Expiration Date of the Lease, as modified hereby (as the same may be extended
pursuant to the provisions of the Lease, as modified hereby). 
 The inclusion of the 26 First Offer Space shall be upon
all of the terms and conditions of the Lease, as modified hereby, except as otherwise stated in this Paragraph, and upon such additional terms and conditions as are set forth in this Paragraph. 

(D) As of the 26 First Offer Space Inclusion Date, the Lease, as modified hereby, and Tenant’s obligations under the
Lease, as modified hereby, will be modified to reflect the changes set forth in subparagraph (G) below. The additional security deposit required for the 26 First Offer Space shall be reasonably agreed to between Landlord and Tenant prior to the
26 First Offer Space Scheduled Commencement Date. 
 (E) Tenant shall accept the 26 First Offer Space in its “as
is” condition and state of repair existing as of the date of the 26 First Offer Space Inclusion Date with respect thereto, except for latent defects, and Landlord shall not be required to perform any work, supply any materials or incur any
expense (including the granting of any allowance to Tenant with respect thereto) to prepare such 26 First Offer Space for Tenant’s occupancy, nor shall Tenant be entitled to a credit against fixed annual rent or any other rent concession with
respect to the 26 First Offer 

  
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Space. The foregoing factors shall be taken into account when determining the FMR. Notwithstanding the foregoing, Landlord shall deliver the 26 First Offer Space to Tenant vacant, broom clean and
free of all tenancies and occupants with all building systems servicing the 26 First Offer Space in working order. 
 (F)
The initial fixed annual rent for the 26 First Offer Space shall be the FMR of the 26 First Offer Space as of the 26 First Offer Space Inclusion Date. The FMR shall be determined in accordance with the procedures set forth in Article 52 of the
Original Lease. Such initial fixed annual rent shall be subject to escalations as otherwise provided in the Lease, as modified hereby, including, but not limited to, operating expenses and real estate tax escalations (as modified by subparagraph
(G) below), at the same time and in the same manner as applicable to the balance of the demised premises and such factors shall be considered when determining FMR. 

(G) Tenant shall pay to Landlord additional rent with respect to the 26 First Offer Space from and after the 26 First Offer
Space Inclusion Date with respect thereto in accordance with all of the terms and conditions of the Lease, as modified hereby, except that: 

(i) the term “The Percentage” provided for in Articles 2D(ii)(b) and 2E(ii)(h) shall mean 2.67%; 

(ii) the term “Base Year” provided for in Article 2D(ii)(a) shall mean the calendar year in which the 26 First
Offer Space Inclusion Date occurs; 
 (iii) in Article 2E(ii), the term: (a) “base year taxes” shall mean
the real estate taxes payable with respect to the Building, any improvements related thereto and the land on which the Building or such other improvements are situated for the tax year in which the 26 First Offer Space Inclusion Date occurs
multiplied by applying the applicable tax rate to the base year tax assessment for such tax year; (b) “base tax year” shall mean the tax year in which the 26 First Offer Space Inclusion Date occurs; and (c) “base tax year
assessment” shall mean the taxable assessed value (giving effect to any abatement, exemption or credit) of the Building, other improvements related thereto and the land on which the Building is situated for the applicable tax year; and 

(iv) For all purposes of the Lease, as modified hereby, the parties agree that the rentable square foot area of the 26 First
Offer Space shall be deemed to be 20,430 rentable square feet, irrespective of any disparity between such figure and any actual measurement of such area. 

(H) Any work performed by Tenant in the 26 First Offer Space shall be subject to the terms, conditions and provisions of the
Lease, as modified hereby. All alterations permitted to be made to the 26 First Offer Space shall be at Tenant’s sole cost and expense, and Landlord shall have no responsibility therefor. 

(I) Effective as of the 26 First Offer Space Inclusion Date, through and including the New Expiration Date, electricity to the
26 First Offer Space shall be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. Landlord shall provide an average connected load of 6 watts per useable square foot (exclusive of
electricity provided to support the air conditioning equipment installed to service the 23rd Floor) to the 26 First Offer Space. 

  
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 (J) Landlord shall make available to Tenant from and after the 26 First Offer
Space Inclusion Date through and including the New Expiration Date, at no cost to Tenant, condenser water to the 26 First Offer Space to operate the air conditioning equipment serving the 26 First Offer Space, all such condenser water to be
generated by a winterized cooling tower and related equipment previously installed by Landlord upon the Building’s common areas. The capacity of condenser water to be provided by Landlord to the 26 First Offer Space will be in the same
proportion as the condenser water provided by Landlord to Suites 2400, 2406 and 2405A to support the forty (40) tons of air conditioning therein. Such condenser water will be (A) delivered to the 26 First Offer Space (or, if applicable, to
the air conditioning equipment serving such space) at the rate of 3 gallons per minute (gpm) per connected ton of A/C Equipment, at a maximum of 85 degree entering water temperature and 95 degree leaving water temperature for each A/C Unit serving
the 26 First Offer Space and a minimum of not less than 59 degrees and (B) made available to Tenant on the following days and at the following times: Mondays through Fridays from 8:00 a.m. – 6:00 p.m. and on Saturdays from 8:00 a.m. –
1:00 p.m. (excluding holidays in all instances). All other terms and conditions of Section 3(B) of the First Modification relating to the use of condenser water are incorporated herein as the same shall relate to the 26 First Offer Space.
Notwithstanding the foregoing, if Tenant installs air-cooled (not water-cooled) air-conditioning units in the 26 First Offer Space then Landlord shall have no further obligation to make available the condenser water contemplated above with respect
to such 26 First Offer Space provided, however, if at a later time during the term of the Lease, as modified hereby, Tenant installs one (1) or more water-cooled air conditioning units in the 26 First Offer Space, then at Tenant’s request
Landlord will provide adequate condenser water for such units provided further, however, Landlord has adequate condenser water capacity available for such purposes. 

(K) Once Tenant has delivered the 26 Acceptance Notice, Landlord shall use commercially reasonable efforts to deliver
possession of the 26 First Offer Space to Tenant on or prior to the 26 First Offer Space Scheduled Commencement Date. If Landlord fails to cause the 26 First Offer Space Inclusion Date to occur on or prior to the 26 First Offer Space Scheduled
Commencement Date and such failure is due to (a) the holding over or retention of possession by any tenant or occupant in the 26 First Offer Space, and/or (b) any other reason outside of Landlord’s control, then (x) Landlord
shall not be subject to any liability for failure to give possession on such date, (y) Tenant waives the right to rescind its lease of the then existing premises leased by Tenant under the Lease, as modified hereby or to recover any damages
that may result from the failure of Landlord to deliver possession of the 26 First Offer Space and agrees that the provisions of this subparagraph shall constitute an “express provision to the contrary” within the meaning of
Section 223-a of the New York Real Property Law, and (z) Landlord shall promptly institute and thereafter diligently prosecute holdover or other appropriate proceedings (or settle the same under a settlement stipulation providing for the
occupant to vacate the 26 First Offer Space on a date which Landlord reasonably believes is a date earlier than the date on which Landlord would obtain possession of the 26 First Offer Space if Landlord were to continue to diligently prosecute such
holdover or other appropriate proceeding) against any occupant of the 26 First Offer Space. Notwithstanding the foregoing, if other than as a result of a Tenant Delay or events of force majeure (which, for purposes hereof shall include, but is not
limited to, one (1) or more of the existing 

  
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tenants of the 26 First Offer Space holding over (without Landlord’s consent thereto) with respect thereto), the 26 First Offer Space Inclusion Date shall not occur on or before
(a) June 30, 2018, then Landlord shall provide to Tenant an additional credit against fixed annual rent for the 26 First Offer Space only equal to one (1) day of per diem fixed annual rent for the 26 First Offer Space only for each
day after June 30, 2018 (but prior to October 1, 2018) that the 26 First Offer Space Inclusion Date shall not have occurred and (b) September 30, 2018, then Landlord shall provide to Tenant an additional credit against fixed
annual rent for the 26 First Offer Space only equal to two (2) days of per diem fixed annual rent for the 26 First Offer Space only for each day after September 30, 2018 that the 26 First Offer Space Inclusion Date shall not have occurred.

 (L) Tenant shall be given the first opportunity to lease the 26 First Offer Space, in accordance with the terms of this
Paragraph, provided, however, that if Tenant does not elect to accept the 26 First Offer Space, in accordance with this Paragraph and within the applicable time period, time being of the essence, then (i) Tenant shall have waived and
relinquished its right to lease the 26 First Offer Space pursuant to this Paragraph, (ii) Landlord shall at any time thereafter be entitled to lease the 26 First Offer Space to others at such rental and upon such terms and conditions as
Landlord in its sole discretion may desire, and (iii) Tenant, upon Landlord’s request, shall promptly deliver to Landlord (and any other person or entity designated by Landlord) a notice acknowledging that Tenant has forever waived and
relinquished its right to lease the 26 First Offer Space. 
 (M) The first offer right set forth herein may not be severed
from the Lease, as modified hereby, or separately sold or transferred. 
 9. Original Space 

From and after September 1, 2023 through and including the New Expiration Date, with respect to the Original Space (i.e.,
the 2400/2406/2405A Space and the 25th Floor) only: 
 (A) Fixed
annual rent (which shall be paid in consecutive equal monthly installments on the first day of each calendar month during such period) shall be calculated based upon the same fixed annual rent (inclusive of all escalations) per rentable square foot
then being paid for the New Additional Spaces; 
 (B) Tenant shall continue to pay operating expenses escalations in
accordance with Article 2.D of the Lease; provided, however, (i) the term “Base Year” as set forth in Article 2.D(ii)(a) shall mean the calendar year 2016; (ii) the term “The Percentage” as set forth in Article
2.D(ii)(b) shall mean 5.03 percent (5.03%); and (iii) the term “comparative year” as set forth in Article 2.D(ii)(c) shall mean each calendar year commencing on or after January 1, 2017, in which occurs any part of the term of
the Lease, as modified hereby; 
 (C) Tenant shall continue to pay tax escalations in accordance with Article 2.E of the
Lease; provided, however, (i) the term “base year taxes” as set forth in Article 2.E(ii)(b) shall mean the average of (1) the real estate taxes payable with respect to the Building Project for the 2015/2016 tax year, determined
by applying the applicable tax rate to the base tax year assessment for such tax year and (2) the real estate taxes payable with respect to the Building Project for the 

  
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2016/2017 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year; (ii) the term “base tax year” as set forth in Article
2.E(ii)(c) shall mean the 2016 calendar year; (iii) the term “comparative year” as set forth in Article 2.E(ii)(e) shall mean the 2017 calendar year and each subsequent period of twelve (12) months all or a portion of which
occurs during the term of the Lease, as modified hereby; and (iv) the term “The Percentage” as set forth in Article 2.E(ii)(h) shall mean 5.03 (5.03%) percent; and 

(D) For so long as Tenant is not in default, beyond any applicable grace or cure period, of any term of the Lease or this
Agreement, Tenant shall receive a rent credit against fixed annual rent for the Original Space only in an amount equal to three (3) months’ fixed annual rent, three (3) months’ operating expense escalations and three
(3) months’ tax escalations for the Original Space, which credit shall be applied against the monthly installments of fixed annual rent payable under the Lease, as amended, for the Original Space only for the months of September,
2023, October, 2023 and November, 2023. If the term of the Lease, as modified hereby, is terminated prior to its stated expiration date for any reason as a result of Tenant’s default, then, in addition to all other damages, rights and
remedies provided in the Lease or this Agreement and provided by law for Landlord, Landlord shall be entitled to the return of the total amount of such rent credit theretofore enjoyed by Tenant, which sum shall be deemed additional rent due and
owing prior to the termination of the term of the Lease, as modified hereby. The obligation of Tenant to pay such additional rent to Landlord shall survive the termination of the term of the Lease, as modified hereby. Anything in this paragraph to
the contrary notwithstanding, Tenant shall continue to be responsible for paying all additional rent and electric charges hereunder for the Original Space and the New Additional Spaces without any credit, set off, deduction or reduction by reason of
this paragraph. 
 Notwithstanding anything to the contrary contained herein, the fixed annual rent and any additional rent
for the Original Space as set forth in the Lease or in this Agreement is in addition to all fixed annual rent and additional rent payable by Tenant with respect to the New Additional Spaces. 

10. Security Deposit 

Article 31 of the Lease, as previously modified, is hereby further modified so that Tenant shall be required to deposit with
Landlord, and to maintain throughout the term of the Lease, as modified hereby, a total security deposit in the amount of $3,823,900.50 (subject to possible reductions thereof as contemplated below)(such security to be provided in the amounts and at
the times set forth below), as security for the faithful performance and observance by Tenant of the terms, provisions and conditions of the Lease, as modified hereby. 

Upon Tenant’s execution and delivery of this Agreement, Tenant shall deliver to Landlord a check in the amount of
$2,455,668.83 (the “First Additional Security Deposit”) to partially fund the security deposit required hereunder. Within ten (10) days following Tenant’s receipt of Landlord’s written notice (“Landlord’s Second
Additional Security Deposit Notice”) to Tenant that Landlord anticipates that the New 24th Floor Space Commencement Date will occur within one hundred twenty (120) days from the date of
such notice, Tenant shall deliver to Landlord a check in the amount of $261,520.00 (the “Second Additional Security Deposit”) to partially fund the security deposit required hereunder. 

  
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 Effective as of the date hereof, the $1,106,711.67 balance being held by
Landlord as the security deposit under the Lease (such amount, the “Existing Security Deposit”) shall be commingled with the security deposit given by Tenant upon its execution and delivery of this Agreement so that the total security
deposit hereunder then equals $3,562,380.50. In the event the unapplied balance of the security being held by Landlord on the date hereof is less than $1,106,711.67, Tenant shall immediately deposit with Landlord an amount equal to the shortfall,
failing which Tenant will be in default under the Lease, as modified hereby. The Existing Security Deposit, once commingled (and, if necessary, replenished) with the First Additional Security Deposit shall, upon the date hereof, be security for the
faithful performance and observance by Tenant of the terms, provisions and conditions of the Lease, as modified hereby. 

Effective as of the date of Landlord’s receipt of the Second Additional Security Deposit, the then $3,562,380.50 balance
being held by Landlord as the security deposit under the Lease (such amount, the “Subsequent Existing Security Deposit”) shall be commingled with the Second Additional Security Deposit Notice, as contemplated above, so that the total
security deposit hereunder at that time will then equal $3,823,900.50. In the event the unapplied balance of the Subsequent Existing Security Deposit being held by Landlord on the date of its receipt of the Second Additional Security Deposit is less
than $3,562,380.50, Tenant shall immediately deposit with Landlord an amount equal to the shortfall, failing which Tenant will be in default under the Lease, as modified hereby. The Subsequent Existing Security Deposit, once commingled (and, if
necessary, replenished) with the Second Additional Security Deposit shall, upon the date thereof, be security for the faithful performance and observance by Tenant of the terms, provisions and conditions of the Lease, as modified hereby. 

If Tenant meets the requirements therefor as set forth in the lease, as modified hereby, Tenant shall be entitled to have the
Existing Security Deposit reduced at the time and in the manner as set forth in the Lease, as modified hereby. 
 Provided
that (a) Tenant shall not, as of each applicable Reduction Date, (i) have previously been in default beyond any applicable notice and cure period under the Lease, as modified hereby or (ii) then be in default beyond any applicable
notice and cure period of any of its obligations hereunder and (b) Tenant shall provide Landlord with a copy of its then most recently publicly filed financial statements demonstrating that the aggregate gross revenue of Tenant for the
completed four quarters of Tenant’s fiscal year preceding the applicable Reduction Date exceeds $160,000,000 during such four quarter period (provided, however, in the event that Tenant is not a publicly traded company at such time, then Tenant
shall provide financial statements reasonably acceptable to Landlord demonstrating the same), Landlord shall, upon Tenant’s written request to be given not sooner than the date (each such date, a “Reduction Date”) which is the five
(5) year ten (10) month anniversary of (1) the New 22nd Floor Space Commencement Date, reduce the amount of the security deposit then being held by Landlord by an amount equal to
$106,700.00, (2) the 23rd Floor Commencement Date, reduce the amount of the security deposit then being held by Landlord by an amount equal to $260,540.00, (3) the New 24th Floor Commencement Date, reduce the amount of the security deposit
then being held by Landlord by an amount equal to $74,720.00 and (4) the 12th Floor Commencement Date, reduce the amount of the security deposit then being held by Landlord by an amount equal
to $334,379.67. 

  
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 Notwithstanding anything to the contrary set forth above in this Paragraph 10,
Tenant shall be required to also provide the additional security deposit with respect to Suite 2405A as contemplated in Paragraph 8(A) of the Second Modification. 

For the avoidance of doubt, Tenant agrees that Landlord may apply the security deposit (or any portion thereof) then being
held by Landlord against a default by Tenant under the Lease, as modified hereby, with respect to any one or more or all of the spaces leased by Tenant or with respect to any other breach by Tenant under the Lease, as modified hereby. 

11. 12th Floor 

(A) Term for the 12th Floor 

(i) Tenant hereby leases the 12th Floor for the term commencing on the 12th Floor Commencement Date (as such term is defined
below) and expiring on the New Expiration Date, unless sooner terminated pursuant to any provision hereof or by law. 
 The
“12th Floor Commencement Date” shall be the date upon which both (i) Landlord’s 12th Floor Work (as defined below) shall be substantially completed and (ii) Landlord shall deliver possession of the 12th Floor to Tenant.
Landlord shall provide Tenant with no less than thirty (30) days prior written notice of the anticipated 12th Floor Commencement Date. Tenant shall, within fifteen (15) days of request therefor by Landlord, execute, acknowledge and deliver
to Landlord an instrument in form reasonably satisfactory to Landlord confirming the 12th Floor Commencement Date provided, however, Tenant’s failure to execute, acknowledge and deliver such instrument shall not affect the determination of the
12th Floor Commencement Date. The taking of occupancy or possession of the whole or any portion of the 12th Floor by Tenant shall be conclusive evidence that (a) Tenant accepts the same in “as is” condition as of the date of such
possession or occupancy except for latent defects, and (b) the 12th Floor was in good and satisfactory condition as of such date, except for latent defects. 

Landlord represents that there are no leases presently in effect for, nor are there presently any occupants on, the 12th Floor. If other than as a result of a Tenant Delay (defined below) or events of force majeure, the 12th Floor Commencement Date shall not occur on or before (a) May 31, 2015, then Landlord
shall provide to Tenant an additional credit against fixed annual rent for the 12th Floor only equal to one (1) day of per diem fixed annual rent for the 12th Floor only for each day after May 31, 2015 (but prior to September 1, 2015)
that the 12th Floor Commencement Date shall not have occurred and (b) August 31, 2015, then Landlord shall provide to Tenant an additional credit against fixed annual rent for the 12th Floor only equal to two (2) days of per diem
fixed annual rent for the 12th Floor only for each day after August 31, 2015 that the 12th Floor Commencement Date shall not have occurred. 

If Landlord fails to cause the 12th Floor Commencement Date to occur on or prior to October 31, 2015 and such failure is
due to any reason outside of Landlord’s control, then 

  
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(x) Landlord shall not be subject to any liability for failure to give possession on such date and (y) Tenant waives the right to rescind its lease of the then existing premises leased by
Tenant under the Lease, as modified hereby or to recover any damages that may result from the failure of Landlord to deliver possession of the 12th Floor and agrees that the provisions of this subparagraph shall constitute an “express provision
to the contrary” within the meaning of Section 223-a of the New York Real Property Law. 
 Tenant covenants and
agrees that if permission is given to Tenant to enter into possession of all or any portion of the 12th Floor prior to the 12th Floor Commencement Date, then Tenant shall pay all charges for water, sewage disposal, overtime heating, overtime
cooling, electricity, lighting and any other utilities attributable to the 12th Floor which are payable by Tenant hereunder from the date upon which the 12th Floor is delivered to Tenant. Any such charges which may be paid by Landlord shall be
reimbursed to Landlord by Tenant within fifteen (15) days of rendition of a bill therefor. In addition, from such date of delivery through and including the 12th Floor Commencement Date, Tenant shall perform all of its obligations hereunder
(other than the obligation to pay fixed annual rent) including, without limitation, its indemnity and insurance obligations. 

From and after the 12th Floor Commencement Date through and including the New Expiration Date, Tenant shall occupy the 12th
Floor. From and after the 12th Floor Commencement Date, the terms “demised premises” or “premises” as used in the Lease, as modified hereby, shall include the 12th Floor. Tenant’s use and occupancy of such demised premises
from and after the 12th Floor Commencement Date hereof shall be on all of the terms and conditions of the Lease, as modified hereby (including the fixed annual rent and additional rent, as same is modified herein and as same has been and in the
future may be adjusted in accordance with the provisions of the Lease, as modified hereby). 
 (B) Condition of the 12th
Floor 
 (i) Tenant acknowledges that it has made or been given the opportunity to make a thorough examination and
inspection of the 12th Floor. Tenant agrees that it is entering into this Agreement without any representations or warranties by Landlord, its employees, agents, representatives or servants or any other person as to the condition of the 12th Floor
or the appurtenances thereof or any improvements therein or thereon, or any other matters pertinent thereto except as expressly provided in this Agreement. Tenant agrees to accept the 12th Floor in “as is” condition at the time possession
is given to Tenant, subject to latent defects communicated by Tenant to Landlord within ninety (90) days from the 12th Floor Commencement Date, without requiring any alterations, improvements, repairs or decorations to be made by Landlord or at
Landlord’s expense; provided, however, Landlord shall perform, at Landlord’s sole cost and expense, the following work in and to the 12th Floor (such work, “Landlord’s 12th Floor Work”): (a) demolish and demise the 12th
Floor and deliver the 12th Floor to Tenant in broom clean condition, (b) flash patch the floors in the 12th Floor where reasonably determined by Landlord to be necessary, (c) provide Building standard connection points at the
Building’s Data Gathering Panel to enable Tenant to tie-in to the Building’s Class-E system Tenant’s speakers, strobe lights and smoke detectors, (d) provide a sprinkler rig connection point to enable Tenant to tap-in to the
Building’s sprinkler infrastructure, (e) install fire-proofing and fire-stopping wherever required by applicable 

  
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code, (f) deliver the existing radiators in working order; and (g) install self-contained control valves for each radiator in the 12th Floor space to provide individual comfort control.
In addition to Landlord’s 12th Floor Work, but not as a component thereof (i.e., the 12th Floor Commencement Date shall not be conditioned upon the occurrence thereof), Landlord shall (1) deliver to Tenant an ACP-5 certificate promptly
following Landlord’s receipt of Tenant’s initial alteration plans for the 12th Floor and (2) supply and install new Building standard radiator covers on the 12th Floor (Landlord anticipates such radiator covers will be installed on or
about May 1, 2015). Landlord shall also provide all building systems, including without limitation, heating and sprinkler systems, servicing the 12th Floor in working order on the 12th Floor Commencement Date, as and to the extent provided to
the Original Space in the Original Lease. The restrooms on the 12th Floor have already been renovated and shall be delivered in working order and condition. 

(ii) The taking of occupancy or possession of the whole or any portion of the 12th Floor by Tenant shall be conclusive
evidence that (a) Tenant accepts the same in “as is” condition as of the date of such possession or occupancy subject to latent defects communicated by Tenant to Landlord within ninety (90) days from the 12th Floor Commencement
Date and (b) the 12th Floor was in good and satisfactory condition as of such date, subject to latent defects communicated by Tenant to Landlord within ninety (90) days from the 12th Floor Commencement Date. 

(iii) Landlord shall be required to perform only Landlord’s 12th Floor Work in the 12th Floor; provided, however, that
Landlord shall have the right to make any changes thereto which are required by any governmental department or bureau having jurisdiction over the 12th Floor provided Landlord has given prior written notice to Tenant of any material changes.
Landlord’s 12th Floor Work shall be deemed to have been substantially completed even though there shall not then have been completed minor details or adjustments the non-completion of which shall not interfere (other than to a de minimis
extent) with the commencement of Tenant’s work to ready the space for its occupancy and Tenant’s ability to conduct its business in the 12th Floor (“12th Floor Punchlist Items”). Notwithstanding the foregoing, if the 12th Floor
Work has not been substantially completed as a result of a Tenant Delay (defined below), then the 12th Floor Work will be deemed to have been substantially completed as of the date the 12th Floor Work would have been substantially completed but for
such Tenant Delay. For purposes hereof, the term “Tenant Delay” shall mean any delay caused by the acts or omissions of Tenant, its employees, agents or contractors. Landlord shall use its commercially reasonable efforts to complete any
12th Floor Punchlist Items in a manner to minimize any interference with the performance of Tenant’s work to ready the 12th Floor for its initial occupancy, provided, however in no event will Landlord be obligated to perform any such work on an
overtime or premium pay basis. 
 (C) Fixed Annual Rent for the 12th Floor 

From and after the 12th Floor Commencement Date through and including the New Expiration Date, Tenant shall pay to Landlord
for the 12th Floor only, without notice, demand, reduction or set-off, fixed annual rent in the following amounts: (i) for the period from the 12th Floor Commencement Date through and including the day immediately preceding the five
(5) year and ten (10) month anniversary of the 12th Floor Commencement Date, the amount of $1,833,323.00 per annum, such amount to be paid in consecutive equal monthly installments of 

  
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$152,776.91 on the first day of each calendar month during such period and (ii) for the period from the five (5) year and ten (10) month anniversary of the 12th Floor Commencement
Date through and including the New Expiration Date, the amount of $2,006,278.00 per annum, such amount to be paid in consecutive equal monthly installments of $167,189.83 on the first day of each calendar month during such period. If the 12th Floor
Commencement Date is a day other than the first day of a calendar month, then the fixed rent for the month in which the 12th Floor Commencement Date occurs shall be pro-rated to reflect the actual number of days in such month in which the term for
the 12th Floor occurs. 
 For so long as Tenant is not in default, beyond any applicable grace or cure period, of any term
of the Lease or this Agreement, Tenant shall receive a rent credit against fixed annual rent for the 12th Floor only in the amount of $1,527,769.17, which credit shall be applied, until exhausted, against the first monthly installments of fixed
annual rent payable hereunder for the 12th Floor only. If the term of the Lease, as modified hereby, is terminated prior to its stated expiration date as a result of Tenant’s default, then, in addition to all other damages, rights and remedies
provided in the Lease or this Agreement and provided by law for Landlord, Landlord shall be entitled to the return of the total amount of such rent credit theretofore enjoyed by Tenant, which sum shall be deemed additional rent due and owing prior
to the termination of the term of the Lease, as modified hereby. The obligation of Tenant to pay such additional rent to Landlord shall survive the termination of the term of the Lease, as modified hereby. Anything in this paragraph to the contrary
notwithstanding, Tenant shall continue to be responsible for paying all additional rent and electric charges under the Lease, as modified hereby, for the Original Space and hereunder for the other New Additional Spaces (except as may be otherwise
provided herein) without any credit, set off, deduction or reduction by reason of this paragraph. 
 Notwithstanding
anything to the contrary contained herein, the fixed annual rent and any additional rent for the 12th Floor as set forth in the Lease, as modified hereby, is in addition to all fixed annual rent and additional rent payable by Tenant with respect to
the Original Space and the other New Additional Spaces. 
 (D) Operating Expense Escalations for the 12th Floor 

From and after the 12th Floor Commencement Date through and including the New Expiration Date, Tenant shall continue to pay
operating expenses escalations in accordance with Article 2.D of the Lease; provided, however, from and after the 12th Floor Commencement Date, with respect to the 12th Floor only, (i) the term “Base Year” as set forth in Article
2.D(ii)(a) shall mean the calendar year 2015; (ii) the term “The Percentage” as set forth in Article 2.D(ii)(b) shall mean 4.53 percent (4.53%); and (iii) the term “comparative year” as set forth in Article 2.D(ii)(c)
shall mean each calendar year commencing on or after January 1, 2016, in which occurs any part of the term of the Lease, as modified hereby. Notwithstanding the foregoing, in no event shall Tenant be obligated to pay operating expense
escalations for the 12th Floor only for the first ten (10) months following the 12th Floor Commencement Date. 

  
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 (E) Tax Escalations for the 12th Floor 

From and after the 12th Floor Commencement Date through and including the New Expiration Date, Tenant shall continue to pay
tax escalations in accordance with Article 2.E of the Lease; provided, however, from and after the 12th Floor Commencement Date, with respect to the 12th Floor only, (i) the term “base year taxes” as set forth in Article 2.E(ii)(b)
shall mean the real estate taxes payable with respect to the Building Project for the 2015/2016 tax year, determined by applying the applicable tax rate to the base tax year assessment for such tax year; (ii) the term “base tax year”
as set forth in Article 2.E(ii)(c) shall mean the tax year commencing on July 1, 2015 and ending on June 30, 2016; (iii) the term “comparative year” as set forth in Article 2.E(ii)(e), shall mean each tax year commencing on
or after July 1, 2016 (or such other 12-month period commencing on or after July 1, 2016 adopted by the City of New York as its fiscal tax year); and (iv) the term “The Percentage” as set forth in Article 2.E(ii)(h) shall
mean 4.53 (4.53%) percent. Notwithstanding the foregoing, in no event shall Tenant be obligated to pay tax escalations for the 12th Floor only for the first ten (10) months following the 12th Floor Commencement Date. 

(F) Square Footage of the 12th Floor 

From the 12th Floor Commencement Date through and including the New Expiration Date, the following sentence, with respect to
the 12th Floor only, shall be added to the end of the last full paragraph which is below the heading of “WITNESSETH” on the first page of the Original Lease: “For all purposes of this lease the parties agree that the rentable square
foot area of the entire twelfth (12th) floor in the Building shall be deemed to be 34,591 rentable square feet irrespective of any disparity between such figure and any actual measurement of such area.” 

(G) Use of 12th Floor 

Tenant shall use the 12th Floor solely as general, executive and administrative offices for the conduct of Tenant’s
business in accordance with the provisions of Article 1 of the Original Lease. 
 (H) Electricity to the 12th Floor

 From the 12th Floor Commencement Date through and including the New Expiration Date, electricity to the 12th Floor shall
be provided on a submetering basis in accordance with the terms and conditions of Article 3 of the Original Lease. If the 12th Floor is not presently submetered, Landlord shall install prior to the 12th Floor Commencement Date, at Landlord’s
cost and expense, one (1) or more submeters to measure electricity consumption on the 12th Floor. From and after the 12th Floor Commencement Date, Landlord shall provide to the 12th Floor an average connected load of 6 watts per useable square
foot (exclusive of electricity provided to support the air conditioning equipment servicing the 12th Floor). 
 (I)
Landlord’s 12th Floor Contribution 
 Landlord shall provide Tenant an allowance of up to $2,075,460.00 to
defray the cost of work to be performed by Tenant in the 12th Floor prior to Tenant’s initial occupancy thereof (such work, “Tenant’s 12th Floor Installation Work”). Such sum (“Landlord’s 12th Floor

  
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Contribution”) shall be payable (as hereinafter provided) against requisitions therefor accompanied by (i) the certification of Tenant’s architect that the work described on such
requisition has been completed in good and workmanlike fashion substantially in accordance with the plans and specifications theretofore approved by Landlord, (ii) a list specifying in reasonable detail the work performed for which such
requisition is being submitted and the portion of the amount of such requisition allocated to each such item of work and (iii) waivers of mechanics liens for all work for which such installment of Landlord’s 12th Floor Contribution has
been requisitioned, from each contractor, sub-contractor, vendor and supplier of labor and material for whom such installment of Landlord’s 12th Floor Contribution is being requisitioned. Each such installment of Landlord’s 12th Floor
Contribution shall be subject to a retainage amount equal to ten (10%) percent (as reflected in the formula for payment set forth in the penultimate sentence of this paragraph) and the amount of such retainage shall be paid to Tenant within
thirty (30) days following final completion of Tenant’s 12th Floor Installation Work and delivery to Landlord of documents referred to in (i) through (iii) of this paragraph (including valid waivers of lien from each such
contractor, sub-contractor, vendor and supplier of labor and material, representing that all payments due to each of them have been made and no new sums will be due and owing in connection with work theretofore contracted) and such certificates of
occupancy or use, permits and sign-offs from governmental agencies as may be required in connection with Tenant’s 12th Floor Installation Work. In the event Tenant is prohibited from obtaining its final sign-offs from governmental agencies as a
result of any matter affecting the Building (other than any matter arising as a result of an act or omission of Tenant, its employees, agents or contractors) the retainage shall be released to Tenant within sixty (60) days of submission of
items (i) - (iii) above excluding the requisite governmental sign-offs which cannot be obtained due to such other matters (i.e., those matters (not resulting from the acts or omissions of Tenant, its employees, agents or contractors) which
prevent Tenant from obtaining final sign-offs from governmental authorities). However, the foregoing shall not relieve Tenant of its obligation to obtain such final sign-offs within thirty (30) days after such other matters prohibiting such
final sign-offs have been resolved. Payments on account of Landlord’s 12th Floor Contribution shall not be payable more frequently than monthly. Each such installment of Landlord’s 12th Floor Contribution (other than payment of the
retainage amount after final completion of Tenant’s 12th Floor Installation Work) shall be equal to the difference between (x) the product which results from multiplying (i) Landlord’s 12th Floor Contribution by (ii) .9 by
(iii) the percentage of Tenant’s 12th Floor Installation Work completed to the date of Tenant’s requisition for payment as certified to Landlord by Tenant’s architect and (y) all prior payments on account of Landlord’s
12th Floor Contribution. If it shall appear to Landlord in the exercise of its reasonable judgment that at any time the remaining portion of Landlord’s 12th Floor Contribution shall not be sufficient to complete Tenant’s 12th Floor
Installation Work, then prior to making any further payments on account of Landlord’s 12th Floor Contribution, Landlord may require Tenant to (and Tenant shall) deposit with Landlord a sum (as Landlord shall determine in the exercise of its
reasonable judgment) which together with the balance of Landlord’s 12th Floor Contribution, shall be sufficient to complete all such Tenant’s 12th Floor Installation Work. No portion of Landlord’s 12th Floor Contribution shall be
applied by Tenant against expenses for furniture, office equipment or other personal property provided, however, up to $207,546.00 of Landlord’s 12th Floor Contribution may be used by Tenant for “soft” costs incurred by Tenant which
are attributable to Tenant’s 12th Floor Installation Work (e.g., the costs of Tenant’s architect, engineer and expediter and permit and filing fees) including, without limitation, the cost of Tenant’s IT cabling. Landlord hereby
agrees that no portion of 

  
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Tenant’s 12th Floor Installation Work shall be required to be removed on the New Expiration Date or the sooner termination of the Lease, as modified hereby provided, however, notwithstanding
the foregoing, Tenant, at Tenant’s sole cost and expense shall, upon the expiration or sooner termination of the Lease, as modified hereby, remove from the 12th Floor any Specialty Alterations (as such term is defined in the Original Lease)
that Landlord designates for removal at the time Landlord grants its consent thereto and, in such event, Tenant shall repair any damage to the Building resulting therefrom, such obligation of Tenant to survive the expiration or sooner termination of
the Lease, as modified hereby. 
 Notwithstanding anything to the contrary set forth in the Lease, as modified hereby,
Landlord shall provide Tenant with an aggregate of sixty (60) hours of overtime freight elevator service in connection with Tenant’s 12th Floor Installation Work and Tenant’s initial move in to the 12th Floor at no charge to Tenant
provided, however, that Tenant avails itself thereof in blocks of four (4) hours each. 
 (J) Additional 12th Floor
HVAC Concession 
 (i) Provided that (a) Tenant delivers to Landlord evidence reasonably satisfactory to Landlord
that Tenant has performed the 12th Floor HVAC Work (as defined below) and (b) Landlord receives the items set forth in (ii) below, Tenant shall be entitled to be reimbursed by Landlord for the amount of the costs of the 12th Floor HVAC
Work, subject to a maximum reimbursement from Landlord therefor of $432,387.50. In no event shall the costs associated with the fees of architects, engineers, expediters or consultants or any permits or license fees or other similar “soft
costs” incurred in connection with the 12th Floor HVAC Work comprise more than ten (10%) percent of the total cost of the 12th Floor HVAC Work. The payment required to be made by Landlord hereunder shall be made by Landlord within thirty
(30) days after Tenant fully complies with its obligations under this Paragraph (J). 
 (ii) Within thirty
(30) days after completion of the 12th Floor HVAC Work, Tenant shall deliver to Landlord (a) general releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the 12th Floor HVAC Work
and the materials furnished in connection therewith, (b) paid receipts evidencing the “hard costs” and “soft costs” incurred by Tenant in performing the 12th Floor HVAC Work and (c) a certificate from Tenant’s
independent architect certifying that (1) in his opinion the 12th Floor HVAC Work has been performed in a good and workerlike manner and completed not materially at variance with the final detailed plans and specifications for such 12th Floor
HVAC Work as approved by Landlord and (2) all contractors, subcontractors and materialmen have been paid for the 12th Floor HVAC Work and materials furnished through such date. 

(iii) For purposes hereof, the “12th Floor HVAC Work” shall mean the purchase and installation of air handlers as
needed to supply air conditioning to the 12th Floor for normal occupancy, including supplying electrical power, connecting Tenant’s HVAC unit to such electrical power supply, installation of outside air intake duct work and stub for connection
to Tenant’s distribution system. 

  
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 (iv) From and after the completion of the 12th Floor HVAC Work, Landlord shall
make available to Tenant, at no cost to Tenant, condenser water to the 12th Floor to properly operate the equipment installed as part of the 12th Floor HVAC Work, all such condenser water to be generated by a winterized cooling tower and related
equipment previously installed by Landlord upon the Building’s common areas. The capacity of condenser water to be provided by Landlord to the 12th Floor will be adequate to support seventy-seven (77) tons of air conditioning. Such
condenser water will be (a) delivered to the 12th Floor at the rate of 3 gallons per minute (gpm) per connected ton of A/C Equipment, at a maximum of 85 degree entering water temperature and 95 degree leaving water temperature for each A/C Unit
located on the 12th Floor and a minimum of not less than 59 degrees and (b) made available to Tenant on the following days and at the following times: Mondays through Fridays from 8:00 a.m. – 6:00 p.m. and on Saturdays from 8:00 a.m.
– 1:00 p.m. (excluding holidays in all instances). Notwithstanding the foregoing, Landlord will provide condenser water to the 12th Floor other than during the hours set forth in the preceding sentence provided that Tenant shall give notice to
Landlord prior to 3:00 P.M. in the case of after hours service on weekdays and prior to 1:00 P.M. on Fridays in the case of after hours service on weekends. In such event, Tenant shall pay to Landlord, as additional rent on demand, a charge of
$80.00 for each hour (or portion thereof) that Tenant avails itself of such condenser water, subject to periodic adjustments as reasonably determined by Landlord. Notwithstanding the foregoing, if Tenant installs air-cooled (not water-cooled)
air-conditioning units on the 12th Floor then Landlord shall have no further obligation to make available the condenser water contemplated above with respect to such 12th Floor provided, however, if at a later time during the term of the Lease, as
modified hereby, Tenant installs one (1) or more water-cooled air conditioning units on the 12th Floor, then at Tenant’s request Landlord will provide adequate condenser water for such units provided further, however, Landlord has adequate
condenser water capacity for such purposes. 
 (K) Additional 12th
Floor Bathroom Concession 
 (i) Provided that (a) Tenant delivers to Landlord evidence reasonably satisfactory to
Landlord that Tenant has performed the 12th Floor Bathroom Work (as defined below) and (b) Landlord receives the items set forth in (ii) below, Tenant shall be entitled to be reimbursed
by Landlord for the amount of the costs of the 12th Floor Bathroom Work (i.e., including the fees of architects, engineers, expediters or consultants or any permits or license fees which may not
exceed $5,000.00), subject to a maximum reimbursement from Landlord therefor of $50,000.00. The payment required to be made by Landlord under this subparagraph (K) shall be made by Landlord within thirty (30) days after Tenant fully
complies with its obligations under this subparagraph (K). 
 (ii) Within thirty (30) days after completion of the 12th Floor Bathroom Work, Tenant shall deliver to Landlord (a) general releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the 12th Floor Bathroom Work and the materials furnished in connection therewith, (b) paid receipts evidencing the “hard costs” and “soft costs” incurred by Tenant in performing the
12th Floor Bathroom Work and (c) a certificate from Tenant’s independent architect certifying that (1) in his opinion the 12th
Floor Bathroom Work has been performed in a good and workerlike manner and completed not materially at variance with the final detailed plans and specifications for such 12th Floor Bathroom Work
as approved by Landlord and (2) all contractors, subcontractors and materialmen have been paid for the 12th Floor Bathroom Work and materials furnished through such date. 

  
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 (iii) For purposes hereof, the “12th Floor Bathroom Work” shall mean the renovation or modification of the existing bathroom on the 12th Floor in order to, among other things,
satisfy ADA requirements, and/or if Tenant elects, the installation of a unisex ADA-compliant bathroom along the north wall west of the freight elevators (in a location similar to that in which bathrooms on the other floors of the demised premises
are located) on the twelfth (12th) floor in the Building. 
 12.
25th Floor Setbacks 
 Article 54 of the Original Lease is
hereby deleted in its entirety and is replaced with the following: 
 (A) Tenant shall be permitted access to and use of the
setbacks (the “Setbacks”) on the twenty-fifth (25th) floor of the Building at no additional cost or expense to Tenant (except as expressly provided herein) provided that Tenant, at its sole cost and expense, obtains any necessary
governmental approvals and performs all improvements necessary to render Tenant’s use thereof compliant with all applicable laws, codes, rules, regulations and requirements. Tenant acknowledges that (a) the Setbacks are not part of the
premises demised to Tenant under the Lease, as modified hereby (and Landlord shall have no obligation to, and will not, provide any services to the Setbacks nor shall the square footage of the Setbacks be included in the calculation of any fixed
rent or additional rent due and payable by Tenant), but Tenant’s use of the Setbacks is otherwise subject to the applicable terms, covenants and conditions of the Lease, as modified hereby, and Tenant’s obligation to comply therewith,
(b) Landlord shall have no obligation to perform any work on or to the Setbacks, (c) notwithstanding anything to the contrary contained in the Lease, as modified hereby, Tenant shall in no event make any alterations, installations,
additions or improvements to or otherwise install any fixtures, equipment, furniture or decorations in or on the Setbacks without the prior written consent of Landlord and, if granted, all fixtures and equipment shall be secured to the floor of the
Setbacks in a manner which is reasonably acceptable to Landlord, (d) Tenant shall not interfere with and shall use due care to avoid damage to the Setbacks, the exterior of the Building and any Building equipment located thereon,
(e) Tenant shall have the exclusive (as to other tenants or occupants of the Building) use of the Setbacks subject, however, to the right of Landlord to obtain access thereto through the demised premises for purposes of making repairs or
alterations thereto or to the Building. In the event of such access by Landlord, Landlord will use its commercially reasonable efforts (but without the obligation to incur overtime or premium pay charges) to minimize disruption to Tenant’s use
of the Setbacks or the demised premises, (f) in connection with Tenant’s use of the Setbacks, Tenant shall take such actions as are necessary to prevent disturbance to other tenants and occupants of the Building and shall neither install
nor use any items on the Setbacks which are or could be dangerous or hazardous, (g) Tenant shall maintain the Setbacks free of debris and rubbish and shall cause proper receptacles that comply with applicable law to be established thereon,
(h) any smoking on the Setbacks shall comply with applicable law, (i) upon Landlord’s written request therefor, Tenant shall immediately remove any installation, equipment and fixtures on the Setbacks which Landlord reasonably
determines creates an unsafe or unsightly condition or otherwise adversely affects the appearance of the Building, (j) Tenant shall be solely responsible for all damage to the Setbacks (and the Building) resulting directly from Tenant’s
use thereof. Landlord shall be responsible for the repair of all other damage to the Setbacks whether caused by normal wear and tear, casualty, natural elements, natural deterioration or structural 

  
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defects, (k) Landlord makes no warranty nor representation as to the suitability of the Setbacks for Tenant’s intended use or its condition, (l) Tenant shall defend, indemnify and
hold harmless Landlord from any loss, liability, cost or expense (including, but not limited to, reasonable attorneys’ fees) resulting from Tenant’s use of the Setbacks including, but not limited to, any damage to property or injury to
persons arising therefrom (such agreement to defend, indemnify and hold harmless Landlord to survive the expiration or earlier termination of the Lease, as modified hereby), (m) Tenant agrees to maintain the Setbacks in good condition and
repair at all times, subject to normal wear and tear, and to repair promptly any conditions of disrepair arising from and after the date of the Lease, as modified hereby except that Tenant shall have no obligation to perform any maintenance or
repairs which are structural in nature (and not caused by Tenant, its employees, agents, contractors, guests, invitees, licensees or any person or entity occupying or using the demised premises by or through Tenant), which is required due to a
condition existing prior to the commencement of Tenant’s use of the Setbacks or which would otherwise have to be performed by Landlord if Tenant was not granted the right to use the Setbacks provided, however, in any such event Tenant
(1) will provide Landlord, its employees, agents and contractors with such access to the Setbacks as is required to enable Landlord to perform the requisite maintenance or repairs and (2) Tenant will neither have nor make any claim against
Landlord arising from or attributable to Landlord’s performance of such work including, but not limited to, any claim attributable to the unavailability of the Setbacks while Landlord’s performance of such work is ongoing. In addition to
the foregoing, in the event Landlord performs any work to the Building (other than to the Setbacks) and such work necessitates (a) Landlord’s access to the Setbacks, Tenant will provide Landlord, its employees, agents and contractors with
access thereto or (b) the closure of the Setbacks due to the performance of such work, Tenant, in all such events, shall likewise neither have nor make any claim against Landlord arising from or attributable to Landlord’s performance of
such work including, but not limited to, any claim attributable to the unavailability of the Setbacks while Landlord’s performance of such work is ongoing, (n) Tenant shall not utilize combustible materials on the Setbacks, or suffer or
permit any unsafe or illegal activity on the Setbacks including, but not limited to, the discarding of objects or materials over the walls surrounding the same, (o) Tenant shall be solely responsible for constructing a means of egress to the
Setbacks and, if requested by Landlord, Tenant shall install, to Landlord’s reasonable satisfaction, a reasonable and effective covering on the Setbacks to prevent any damage thereto arising from Tenant’s use thereof as contemplated
herein, (p) Tenant, at Tenant’s sole cost and expense, shall perform its work with respect to the Setbacks in such a manner (and with such contractors and subcontractors) so that Landlord’s roof warranties are not made void or
otherwise impaired, (q) Tenant’s use of the Setbacks will be in compliance with all applicable laws, codes, rules, regulations and requirements and the provisions of this Lease (and any rules and regulations adopted by Landlord),
(r) Tenant may not use the Setbacks for “assembly” purposes, (s) subject to the provisions hereof, Tenant may use the Setbacks for the location thereon of its supplemental A/C Equipment provided, however, in such event Tenant
agrees that (i) it shall provide Landlord with Tenant’s plans and specifications with respect thereto, which plans shall be subject to Landlord’s reasonable approval, (ii) the installation, use, maintenance and removal of the
Supplemental A/C Equipment shall be at Tenant’s sole cost, expense and risk (even if Building personal assist in connection therewith) and shall comply with all applicable codes, laws, rules and regulations, (iii) the weight of any
equipment or any other items placed on the Setbacks by Tenant shall not exceed that which may, in Landlord’s sole but reasonable discretion, exceed that which may be supported by the Setbacks, (iv) the location of any items placed 

  
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on the Setbacks shall be as shown on Tenant’s plans therefor, (v) notwithstanding anything to the contrary contained in the Lease, as modified hereby, upon the expiration or sooner
termination of the Lease, as modified hereby, Tenant, at Tenant’s sole cost and expense, shall remove any items placed on the Setbacks by Tenant and restore the affected portion thereof (such obligation of Tenant to survive the expiration or
sooner termination of the Lease, as modified hereby), (vi) Tenant shall use Landlord’s roofing contractor in connection with the penetrations to the Setbacks, if any, required in connection with any items placed on the Setbacks by Tenant,
and (vii) electricity provided to any equipment placed on the Setbacks by Tenant shall be used and paid for by Tenant in accordance with Article 3 of the Original Lease and (t) nothing contained herein shall be deemed or construed as a
warranty or representation by Landlord as to the condition of the Setbacks. Landlord represents that it has no knowledge of any leakage or drainage issues with respect to the Setbacks and has received no complaints from other tenants of the Building
with respect to water penetration or seepage originating from the Setbacks. 
 (B) (i) Provided that (a) Tenant
delivers to Landlord evidence reasonably satisfactory to Landlord that Tenant has made “hard cost” upgrade and redesign alterations to the Setbacks (the “Setback Work”) (i.e., not including the installation of Tenant’s
personal property thereon or the fees of architects, engineers, expediters and consultants), but specifically excluding any costs incurred by Tenant which are attributable to any supplemental air-conditioning units and their related equipment which
Tenant may purchase and install on the Setbacks and (b) Landlord receives the items set forth in (ii) below, Tenant shall be entitled to be reimbursed by Landlord for such “hard costs”, subject to a maximum payment by Landlord of
$450,000.00. Landlord shall pay to Tenant the entitled reimbursement for the Setback Work within thirty (30) days following Tenant’s compliance with the provisions of (a) above and (ii) below. 

(ii) Within thirty (30) days after completion of the Setback Work, Tenant shall deliver to Landlord (a) general
releases and waivers of lien from all contractors, subcontractors and materialmen involved in the performance of the Setback Work and the materials furnished in connection therewith, (b) paid receipts evidencing the “hard costs”
incurred by Tenant in performing the Setback Work and (c) a certificate from Tenant’s independent architect certifying that (1) in his opinion the Setback Work have been performed in a good and workerlike manner and completed in
accordance with the final detailed plans and specifications for such Setback Work as approved by Landlord and (2) all contractors, subcontractors and materialmen have been paid for the Setback Work and materials furnished through such date.

 13. Miscellaneous 

(A) Article 51 of the Lease, and Tenant’s termination option set forth therein, are hereby deleted in their entirety. 

(B) Landlord and Tenant hereby ratify and confirm Tenant’s extension option as set forth in Article 52 of the Original
Lease, it being agreed that the term “demised premises” as set forth therein shall mean all spaces in the Building then being leased by Tenant. 

(C) Promptly following the date hereof, Landlord shall obtain from the existing leasehold mortgagee a Subordination,
Non-Disturbance and Attornment Agreement (“SNDA”) in 

  
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such mortgagee’s standard form provided same is reasonably acceptable to Tenant. In addition, Landlord shall obtain from any future leasehold mortgagees an SNDA on such mortgagee’s
standard form provided same is reasonably acceptable to Tenant. 
 14. Access Between Floors 

Tenant has requested that Landlord grant Tenant permission to use the fire stairwells known as “A Stair” and “B
Stair”, each as more particularly depicted by crosshatching on Exhibit A-1 hereto (such stairwells are hereinafter collectively referred to as the “Stairwell”) for access between the Original Space and the New Additional Spaces
and between each of the New Additional Spaces by Tenant and its employees and invitees and, in connection therewith, Landlord grants permission for Tenant, at its sole cost and expense, to install a “fail-safe” card-key re-entry access
system on the emergency doors leading from the Stairwell to the demised premises (subject to limitations related to fire and life safety requirements of the building) so as to limit use of such doors (and access to the demised premises therefrom) to
Tenant and its employees and invitees, and Landlord is willing to grant such permission to Tenant upon the following terms, conditions and provisions: 

(A) Landlord hereby grants Tenant permission to use the Stairwell during the Expiration Date or earlier termination of the
Lease, as modified hereby or such earlier date that the permission granted under this Paragraph 14 is terminated or revoked pursuant to the terms hereof. Except as otherwise provided in this Paragraph 14, Tenant’s use of the Stairwells and its
obligations with respect thereto shall be in accordance with the applicable terms, provisions, conditions and agreements contained in the Lease, as modified hereby. 

(B) Subject to Landlord’s prior review and approval of the same, which shall not be unreasonably withheld or delayed,
Tenant may, at its sole cost and expense, (a) install the “fail-safe” card-key re-entry access system provided that such system is connected to the building’s Class E fire alarm protection system at all times and (b) perform
cosmetic alterations thereto in and to the Stairwell on the twenty-second (22nd) through twenty-fifth (25th) floors of the Building (i.e., painting), subject to compliance with applicable laws and the Lease, as modified hereby. 

(C) Tenant hereby agrees to indemnify and hold harmless Landlord and the other Landlord Parties from and against any and all
loss, liability, fines, suits, demands, costs and expenses of any kind or nature (including, without limitation, reasonable attorneys’ fees and court costs) arising out of or in connection with Tenant’s use of the Stairwell or any
alterations made thereto by Tenant, including, without limitation, any fines or other costs and expenses incurred by Landlord to cure any violation of applicable laws arising from Tenant’s use or alterations of or to the Stairwell and hereby
releases Landlord and the other Landlord Parties from any claims arising by reason thereof. 
 (D) Notwithstanding that
Tenant’s use of the Stairwell shall be subject at all times to and shall be in accordance with the terms, covenants, conditions and agreements contained in the Lease (as modified hereby), Tenant acknowledges that Tenant’s use of the same
shall be pursuant to a license granted by Landlord that can be terminated or revoked by Landlord at any time if (a) Tenant’s use of the Stairwell or any alteration thereto by Tenant violates any legal requirements

  
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applicable to the Stairwell, the premises or the Building or any portion thereof, including, without limitation, the certificate of occupancy issued for the Building, or (b) Tenant fails to
itself occupy the entire demised premises. 
 (E) Landlord shall not be obligated to perform any work or incur any expenses
to prepare the Stairwell for Tenant’s use thereof. 
 (F) Upon the expiration or earlier termination or revocation of
the permission granted under this Article, upon Landlord’s request, Tenant agrees to promptly, and at Tenant’s sole cost and expense, remove any alterations and installations identified by Landlord and made by Tenant to the Stairwell and
to generally restore the Stairwell to the condition existing on the date hereof at Tenant’s sole cost and expense, such obligation of Tenant to survive the expiration or sooner termination of the Lease, as modified hereby. 

15. Self-Certification 

Tenant will cause Tenant’s architect and/or Tenant’s engineer to self certify all work set forth on Tenant’s
work plans for Tenant’s New 22nd Floor Space Phase I Installation Work, Tenant’s New 22nd Floor Space Phase II Installation Work, Tenant’s 23rd Floor Installation Work,
Tenant’s New 24th Floor Space Installation Work and Tenant’s 12th Floor Installation Work provided, however, if any work which was so self-certified becomes the subject of an audit and
inspection by the New York City Department of Buildings (“DOB”) or other governmental or quasi-governmental agency with jurisdiction and if, as a result of such audit and inspection any remedial, repair or improvement work is required to
be performed in and to, or with respect to, Tenant’s New 22nd Floor Space Phase I Installation Work, Tenant’s New 22nd Floor Space Phase II Installation Work, Tenant’s 23rd Floor
Installation Work, Tenant’s New 24th Floor Space Installation Work or Tenant’s 12th Floor Installation Work and/or any work performed by Tenant in and to the premises and/or any other
premises leased by Tenant pursuant to the Lease, as modified hereby (as the case may be), and whether or not the required remediation, repair or improvement work pertains to or involves the work which was self-certified, Tenant, at Tenant’s
sole cost and expense will, no later than thirty (30) days (or such lesser period of time directed by the DOB or such governmental or quasi-governmental agency) following notification from the DOB or such other governmental or
quasi-governmental agency, perform such required work to the reasonable satisfaction of Landlord and the DOB (or such other governmental or quasi-governmental agency) and any fines, penalties and the like attributable thereto shall be reimbursed by
Tenant to Landlord within thirty (30) days of Tenant’s receipt of a bill therefor provided, however, if the required remediation, repair or improvement work pertains to any item of work to be performed by Landlord under this Agreement (or
any other work performed by Landlord’s contractor) and is necessitated by the acts or omissions of Landlord’s contractors in the performance thereof, then Tenant shall have no obligation to effectuate the remediation, repair or improvement
work so necessitated by the acts or omissions of Landlord’s contractor. If Tenant fails to so perform the work which Tenant is required to perform pursuant to this paragraph within such thirty (30) day period (or such lesser period as
prescribed by the DOB or such governmental or quasi-governmental agency) then Landlord, at Tenant’s sole but reasonable cost and expense, may itself perform such work and all costs and expenses incurred by Landlord in connection therewith shall
be reimbursed by Tenant to Landlord as additional rent within thirty (30) days of Tenant’s receipt of Landlord’s invoice therefor. In addition, the indemnity provisions set forth in the Lease, as modified hereby, shall expressly apply
to any work which is so self-certified (and for which Tenant is responsible hereunder) as contemplated above. 

  
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 16. No Other Brokers 

Tenant represents that it has dealt with no other real estate brokers or other persons acting as such in connection herewith
other than Newmark Grubb Knight Frank (the “Broker”). Tenant agrees that should any claim be made against Landlord for payment of a commission by any broker, other than the Broker, on account of any acts or dealings of Tenant or
Tenant’s representatives with such party in connection with this Agreement, Tenant will indemnify and hold Landlord harmless from and against any and all liabilities and expenses in connection therewith, including (without limitation)
reasonable legal fees and disbursements. The provisions of this paragraph shall survive the expiration or sooner termination of the Lease as modified hereby. 

17. Tenant’s Representation 

Tenant represents and warrants that (i) as of this date, there are no existing defenses or offsets which Tenant has
against the enforcement of the Lease by Landlord, and Tenant has no knowledge of any event which with the giving of notice, the passage of time or both would constitute a defense under the Lease, (ii) as of this date, Tenant is not entitled to
any offsets, abatements or deductions against the rent payable under the Lease to and including the date hereof (except as provided for in this Agreement) and (iii) Landlord is in compliance with all of its obligations under the Lease. All
provisions, covenants, agreements, terms and conditions of the Lease are hereby declared by Tenant to be in full force and effect and binding upon Tenant. 

18. Multiple Counterparts 

This Agreement may be executed in any number of counterparts, each of which shall constitute an original but all of which,
taken together, shall constitute but one and the same instrument. 
 19. Headings 

The captions of the individual paragraphs are for convenience of reference only and shall not affect the construction to be
given any provision hereof. 
 20. Superseding Effect 

In the event that any of the terms or provisions of this Agreement are inconsistent with any of the terms or provisions of the
Lease as originally executed, the terms and provisions of this Agreement shall govern and supersede the terms and provisions of the Lease as originally executed. 

21. Confirmation of Lease 

Except as otherwise set forth herein, the Lease is ratified and confirmed in all respects. 

22. Non-Binding Effect 

This Agreement shall not be binding upon or inure to the benefit of either party unless and until it is duly executed and
delivered by both parties. 

  
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 IN WITNESS WHEREOF, the parties hereto have caused these presents to be
duly executed and delivered as of the date first above written. 
  

					
	 ESRT 1400 Broadway, L.P., as Landlord

	 By: ESRT 1400 Broadway GP, L.L.C., its general partner

	     By: Empire State Realty OP, L.P., its sole member

			 By: Empire State Realty Trust, Inc., its general partner

			
			 By:
		 /s/ Thomas P. Durels

			 Name:
		 Thomas P. Durels

			 Title:
		 Executive Vice President &

					 Director of Leasing and Operations

	
	 On Deck Capital, Inc., as Tenant

		
	 By:
		 /s/ Cory Kampfer

	 Name:
		 Cory Kampfer

	 Title:
		 General Counsel

 EXHIBIT A-1 

Additional Space 
  

 

 EXHIBIT A-2 

 
 

 

 EXHIBIT A-3 

 
 

 

 EXHIBIT A-4 

 
 

 

 EXHIBIT B 

Additional Spaces

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