Document:

EX-10.16

 Exhibit 10.16 

EXECUTION VERSION 
  

 
 SALE AND SERVICING AGREEMENT 

by and among 
 CCG RECEIVABLES IV,
LLC, 
 as Depositor 
 CCG
RECEIVABLES TRUST 2012-1, 
 as Issuer, 

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

as Back-Up Servicer, 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Indenture Trustee 
 Dated as of
February 15, 2012 
  
  

 TABLE OF CONTENTS 
  

							
	 ARTICLE I DEFINITIONS
		 	1	  
			
	 SECTION 1.1
		Certain Defined Terms		 	1	  
	 SECTION 1.2
		Computation of Time Periods		 	4	  
		
	 ARTICLE II SALE AND PURCHASE OF RECEIVABLES
		 	4	  
			
	 SECTION 2.1
		Selection, Sale and Contribution of Pool Receivables and other Sold Assets		 	4	  
	 SECTION 2.2
		Intent of the Parties; Grant of Security Interest		 	4	  
	 SECTION 2.3
		Purchase Price		 	5	  
	 SECTION 2.4
		Actions Evidencing Purchases		 	5	  
	 SECTION 2.5
		Custodian and Custodial Agreement		 	5	  
		
	 ARTICLE III ADMINISTRATION AND SERVICING OF POOL RECEIVABLES
		 	6	  
			
	 SECTION 3.1
		Appointment of Servicer		 	6	  
	 SECTION 3.2
		Duties of Servicer		 	6	  
	 SECTION 3.3
		Substitution of Receivables by the Originator		 	9	  
	 SECTION 3.4
		Optional Purchase by the Servicer		 	9	  
	 SECTION 3.5
		Servicing Fee		 	10	  
	 SECTION 3.6
		Servicer Advance		 	10	  
	 SECTION 3.7
		Servicer Reports		 	10	  
	 SECTION 3.8
		Administrative Duties		 	11	  
		
	 ARTICLE IV BANK ACCOUNTS
		 	13	  
			
	 SECTION 4.1
		Accounts		 	13	  
	 SECTION 4.2
		Maintenance of Accounts		 	14	  
		
	 ARTICLE V THE DEPOSITOR
		 	15	  
			
	 SECTION 5.1
		Representations and Warranties		 	15	  
	 SECTION 5.2
		The Depositor’s Additional Representations and Warranties		 	16	  
	 SECTION 5.3
		Affirmative Covenants of the Depositor		 	21	  
	 SECTION 5.4
		Negative Covenants of the Depositor		 	23	  
	 SECTION 5.5
		Repurchases by the Depositor		 	23	  
	 SECTION 5.6
		Indemnities by the Depositor		 	24	  
		
	 ARTICLE VI THE SERVICER
		 	25	  
			
	 SECTION 6.1
		Representation and Warranties of the Servicer		 	25	  
	 SECTION 6.2
		Covenants		 	27	  
	 SECTION 6.3
		Negative Covenants of the Servicer		 	32	  
	 SECTION 6.4
		Indemnities by the Servicer		 	33	  
	 SECTION 6.5
		Breach of Representations; Non-Permitted Extension		 	34	  
	 SECTION 6.6
		Merger or Consolidation of, or Assumption of the Obligations of, Servicer		 	34	  

  
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	 ARTICLE VII SERVICER DEFAULTS
		 	35	  
			
	 SECTION 7.1
		Servicer Default		 	35	  
	 SECTION 7.2
		Notification to Noteholders		 	36	  
	 SECTION 7.3
		Waiver of Servicer Defaults		 	36	  
	 SECTION 7.4
		Effect of a Servicer Default		 	36	  
		
	 ARTICLE VIII THE BACK-UP SERVICER
		 	37	  
			
	 SECTION 8.1
		Representations of Back-Up Servicer		 	37	  
	 SECTION 8.2
		Merger or Consolidation of, or Assumption of the Obligations of, Back-Up Servicer		 	38	  
	 SECTION 8.3
		Back-Up Servicer Resignation and Removal		 	39	  
	 SECTION 8.4
		Obligations of Back-Up Servicer		 	39	  
	 SECTION 8.5
		Back-Up Servicer Compensation		 	40	  
	 SECTION 8.6
		Duties and Responsibilities		 	40	  
		
	 ARTICLE IX MISCELLANEOUS
		 	41	  
			
	 SECTION 9.1
		Term of Agreement		 	41	  
	 SECTION 9.2
		Amendments		 	41	  
	 SECTION 9.3
		Notices; Payment Information		 	42	  
	 SECTION 9.4
		Governing Law; Submission to Jurisdiction; Appointment of Service Agent		 	42	  
	 SECTION 9.5
		Integration		 	43	  
	 SECTION 9.6
		Severability of Provisions		 	43	  
	 SECTION 9.7
		Counterparts; Facsimile Delivery		 	43	  
	 SECTION 9.8
		Successors and Assigns; Binding Effect		 	43	  
	 SECTION 9.9
		Nonpetition Covenants		 	44	  
	 SECTION 9.10
		Limitation of Liability of Owner Trustee and Indenture Trustee		 	44	  

  
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	 Schedules
  

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

 

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

  
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 This SALE AND SERVICING AGREEMENT (as amended, supplemented or otherwise modified and in effect
from time to time, this “Agreement”), dated as of February 15, 2012, is entered into by and among CCG RECEIVABLES IV, LLC, a Delaware limited liability company (the “Depositor”), CCG RECEIVABLES TRUST 2012-1, a
Delaware statutory trust (the “Issuer”), COMMERCIAL CREDIT GROUP, INC. (“CCG”), a Delaware corporation, as Servicer (the “Servicer”) and as the Originator (the “Originator”),
PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation (the “Back-Up Servicer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, but solely in its capacity as
Indenture Trustee hereunder (the “Indenture Trustee”). 
 WHEREAS, 

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

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

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

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

 ARTICLE I 

DEFINITIONS 
 SECTION 1.1
Certain Defined Terms. Capitalized terms used but not defined in this Agreement are defined in the Indenture. As used in this Agreement, the following terms shall have the following meanings. 

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

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

“Bill of Sale” means the Bill of Sale and Acknowledgment, dated as of February 15, 2012, between CCG and the Indenture
Trustee. 

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

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

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

  
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 “Eligible Account” means a segregated trust account with the corporate trust
department of a depository institution organized under the laws of the United States of America or any one of the states thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as
trustee for funds deposited in such account, so long as (i) any of the securities of such depository institution have a credit rating from the Rating Agency in one of its generic rating categories which signifies investment grade, or an
equivalent rating from Moody’s, S&P or Fitch and (ii) such depository institutions’ deposits are insured by the FDIC. Each Eligible Account shall permit amounts credited thereto to be invested in Eligible Investments. 

“PFSC” means Portfolio Financial Servicing Company. 

“Released Receivable” has the meaning set forth in Section 3.3(a). 

“Repurchase Amount” has the meaning set forth in Section 5.5. 

“Reserve Account Withdrawal Amount” means, (i) with respect to any Payment Date other than the Maturity Date, any excess
of the amount then on deposit in the Reserve Account over the Required Reserve Amount plus the lesser of (x) any shortfall in the amount of Available Amounts available to pay the amounts specified in First through
Fifth of Section 4.5(a) of the Indenture and (y) the amount on deposit in the Reserve Account on such Payment Date prior to application of amounts on deposit therein and (ii) with respect to the Payment Date which is the
Maturity Date, the entire remaining amount on deposit in the Reserve Account. 
 “Servicer Advance” has the meaning set
forth in Section 3.6. 
 “Servicer Charges” means late charges, prepayment penalties and payments made in connection
with any modification, extension or adjustment of Pool Receivables. 
 “Servicer Default” has the meaning set forth in
Section 7.1. 
 “Servicer File” has the meaning set forth in the Custodial Agreement. 

“Servicer Report” means a report, in substantially the form attached hereto as Exhibit B or in such other form as is mutually
agreed to by the Issuer, the Servicer and the Indenture Trustee, provided to the Issuer and the Indenture Trustee pursuant to Section 3.7. 

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

  
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 “Substitution Date” has the meaning set forth in Section 3.3. 

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

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

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

SALE AND PURCHASE OF RECEIVABLES 

SECTION 2.1 Selection, Sale and Contribution of Pool Receivables and other Sold Assets. In consideration of the Issuer’s delivery
to or upon the order of the Depositor on the Closing Date of the Notes and the other amounts to be distributed from time to time to the Depositor in accordance with the terms of this Agreement, the Depositor does hereby sell, transfer, assign, set
over and otherwise convey to the Issuer, without recourse (subject to the Depositor’s obligations set forth herein) and the Issuer hereby purchases, all right, title and interest of the Depositor in and to the Sold Assets, whether now owned or
existing or hereafter acquired or arising or acquired as follows: 
 (a) The Pool Receivables to be sold and/or contributed pursuant to this
Agreement are Eligible Receivables as of the Closing Date and shall be listed in Schedule 1. The Depositor will insure that no such Pool Receivable shall be subject to any adverse selection which could reasonably be expected to be unfavorable to the
Issuer or the Indenture Trustee. 
 (b) The transfer of the Sold Assets pursuant to this Agreement shall be effective as of the date hereof.
The Depositor will mark its computer files relating to each Pool Receivable, together with its other related books and records, with a notification indicating that such Pool Receivables, together with all Related Security and proceeds thereof have
been sold or contributed, as the case may be, to the Issuer and are no longer assets of the Depositor. 
 (c) The Related Security and any
proceeds relating to any Pool Receivable which are received after the Cut-Off Date shall be sold or contributed at the same time as such Pool Receivable is sold or contributed hereunder, whether the applicable Related Security and proceeds exist at
such time or arise or are acquired thereafter. 
 SECTION 2.2 Intent of the Parties; Grant of Security Interest. 

(a) The Depositor and the Issuer intend the transactions hereunder to be true sales and contributions of the Sold Assets by the Depositor to
the Issuer for all purposes, providing the Issuer and its transferees with the full risks and benefits of ownership of the Sold Assets (such that the Sold Assets would not be property of the Depositor’s estate in the event of the
Depositor’s bankruptcy). 

  
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 (b) If, notwithstanding the intent of the parties or any other provision hereof, the Sold Assets
conveyed hereunder are construed to constitute property of the Depositor or such conveyance is not treated as a sale by the Depositor to the Issuer for all purposes, then this Agreement also is intended by the parties to be, and hereby is, a
security agreement within the meaning of the UCC; and the conveyance by the Depositor provided for in this Agreement shall be treated as the Grant of, and the Depositor hereby Grants, to the Issuer a security interest in, to and under all of the
Depositor’s right, title and interest in, to and under all the Sold Assets and all proceeds relating thereto, to secure the payment and performance of the Depositor’s obligations under this Agreement and the other Transaction Documents or
as may be determined in connection therewith by Applicable Law. The Depositor shall take such actions as may be necessary to ensure that, if this Agreement were deemed to create a security interest in, and not to constitute a sale of the Sold
Assets, such security interest would be deemed to be a perfected first priority security interest in favor of the Issuer (and its assignee) under Applicable Law and shall be maintained as such throughout the term of this Agreement. 

(c) The Depositor acknowledges that the Issuer will, pursuant to the Indenture, assign and pledge the Sold Assets and certain other property
and rights to the Indenture Trustee for the benefit of the Noteholders. The Depositor consents to such assignment and pledge. 
 SECTION 2.3
Purchase Price. The purchase price for each Pool Receivable and the Related Security therefor shall be not less than the fair market value of such Pool Receivable and the Related Security. The Issuer shall pay the Depositor the purchase price
with respect to each Pool Receivable and the Related Security by transfer of funds, to the extent that the Issuer has received funds available for that purpose pursuant to this Agreement and the Indenture. If the Issuer did not receive sufficient
funds to pay the purchase price for the Sold Assets, the remaining Sold Assets, to the extent the purchase price therefor is not paid in full, shall be deemed to have been transferred by the Depositor to the Issuer as a contribution to the Owner
Trust Estate, in return for an increase in the value of the interest of the Issuer held by the Depositor. 
 SECTION 2.4 Actions
Evidencing Purchases. 
 (a) The Depositor agrees that from time to time, at its expense, it shall promptly execute and deliver all
further instruments and documents, and take all further action that the Issuer, its assignee or transferee may reasonably request in order to perfect, protect or more fully evidence the purchases hereunder. Without limiting the generality of the
foregoing and in addition to the requirements of Section 2.4(b), the Depositor shall, upon the request of the Issuer, its assignee or transferee execute and file such financing or continuation statements, or amendments thereto or assignments
thereof, and such other instruments or notices, as may be necessary or appropriate. 
 (b) The Depositor hereby authorizes the Issuer or its
assignee to file one or more financing or continuation statements, and amendments thereto and assignments thereof, relative to all the Sold Assets now existing or hereafter arising in the name of the Depositor. 

SECTION 2.5 Custodian and Custodial Agreement. At all times after the Closing Date, the Issuer and the Servicer shall cause a Custodial
Agreement to be in effect on terms and 

  
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conditions reasonably satisfactory to the Indenture Trustee and shall cause there to be an acting Custodian appointed thereunder (and who has accepted such appointment). Upon the resignation of
any Custodian, the Issuer and the Servicer shall take all actions requested by the Indenture Trustee (at the written direction of the Noteholders) to appoint a successor Custodian who is reasonably satisfactory to the Noteholders. 

ARTICLE III 

ADMINISTRATION AND SERVICING OF POOL RECEIVABLES 

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

SECTION 3.2 Duties of Servicer. 

(a) The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect each Pool Receivable from time
to time, all in accordance with this Agreement and all Applicable Law, with such care and diligence, and in accordance with the Credit and Collection Policy, as are consistent with the current business practice of the Servicer with respect to
similar accounts receivable generally (including those owned by the Servicer for its own account), and with the standards of practice used by equipment finance companies of similar size and having similar portfolios as the Servicer. The Servicer
shall take all commercially reasonable actions necessary to maintain the perfection and priority of the security interest of the Noteholders and the Indenture Trustee in the Collateral. The Servicer shall hold in trust, and, as required hereunder,
segregate, for the account of the Indenture Trustee and the Noteholders, the Collections in accordance with Indenture. 
 (b) The Servicer
shall not extend the maturity of any Pool Receivable or, amend, adjust, modify or extend the date of any Scheduled Payment of any Pool Receivable, other than (i) pursuant to a Permitted Servicer Adjustment or (ii) extensions and
adjustments of the dates of Scheduled Payments of Contracts which have thereupon been immediately treated as Defaulted Receivables; provided that if an Event of Default exists, the Servicer may not make any such amendment, adjustment,
modification, extension or reduction without prior written approval of the Indenture Trustee (at the written direction of the Noteholders). The Issuer shall deliver to the 

  
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Servicer and the Servicer shall hold in trust for the Issuer and the Indenture Trustee, on behalf of the Noteholders, in accordance with their respective interests, all records which evidence or
relate to the Pool Receivables. Notwithstanding anything to the contrary contained herein, during the existence of a Default or an Event of Default, the Indenture Trustee shall (at the written direction of the Noteholders) have the absolute and
unlimited right to direct the Servicer (whether CCG or any other Person is the Servicer) to commence or settle any legal action to enforce collection of any Pool Receivable or to foreclose upon or repossess any Collateral. The Servicer shall not
make the Indenture Trustee or any Noteholder a party to any litigation without the prior written consent of such Person. At any time during the existence of a Default or an Event of Default, the Indenture Trustee may (at the written direction of the
Noteholders) notify any Obligor of its interest in the Pool Receivables and the Collateral. 
 (c) The Servicer shall, as soon as
practicable following receipt and specific identification thereof, turn over to the Originator all collections received by the Servicer from any Person of indebtedness of such Person to the Originator which are not on account of a Pool Receivable.
Notwithstanding anything to the contrary contained in this Article III, the Servicer, the Issuer and the Depositor, or any Affiliate of the Servicer, the Issuer or the Depositor, shall have no obligation to collect, enforce or take any other action
described in this Article III with respect to any such indebtedness other than to deliver to the Originator the collections and documents with respect to any such indebtedness as described above in this Section 3.2(c). 

(d) In connection with any inspection performed pursuant to Section 6.2(c) hereof, the Servicer shall promptly after the request
therefore provide the requested information and access as requested by the Noteholder or the Indenture Trustee. 
 (e) Notwithstanding
anything provided in this Agreement, the Servicer shall not have any obligation to defend or otherwise appear in a legal proceeding if such legal proceeding is not, in its reasonable opinion, incidental to its duties as the Servicer hereunder or
otherwise may cause the Servicer to incur legal expenses or liabilities. In performing its duties as Servicer hereunder, the Servicer may not, under any circumstance, institute a legal proceeding in which the Indenture Trustee or a Noteholder are
named as plaintiffs, without prior written consent of the applicable Person. 
 (f) CCG acknowledges that the Issuer has relied on
CCG’s agreement to act as Servicer hereunder in making its decision to execute and deliver this Agreement and the other Transaction Documents to which it is a party. Accordingly, CCG shall not resign from its obligations and duties under this
Agreement or any other Transaction Document to which it is a party except (a) as required in Section 6.6, (b) upon determination that the performance of its duties shall no longer be permissible under Applicable Law (any such
determination permitting the resignation of the CCG shall be evidenced by an opinion of Independent Counsel to such effect delivered to the Indenture Trustee), or (c) with the prior written consent of the Indenture Trustee (at the written
direction of the Noteholders), but only if, in any such case, a replacement Servicer (which may be the Back-Up Servicer) is found that (i) is experienced in the business of acting as servicer with respect to financial agreements of the type
comprising the Pool Receivables and (ii) will provide servicing and agree to become the Successor Servicer on the same terms as then in effect under this Agreement and the other Transaction Documents. 

  
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 (g) The Servicer shall execute a Request for Release as may be necessary pursuant to
Section 5 of the Custodial Agreement. The Servicer will deliver the Bill of Sale to the Custodian in accordance with the Custodial Agreement. 

(h) The Servicer will notify the Owner Trustee of the Final Payment Date as specified in Section 8.1(c) of the Trust Agreement and
provide such other information as requested by the Owner Trustee. 
 (i) The Servicer may delegate its duties and obligations hereunder to
any Affiliate subservicer or to any repossession agent or other agent hired in connection with collecting, remarketing, inspecting or similar action in connection with servicing the Pool Receivables and related Equipment (each, a
“Sub-Servicer”); provided that, in each such delegation, (i) such Sub-Servicer shall agree in writing to perform the duties and obligations of the Servicer pursuant to the terms hereof, (ii) the Servicer shall
remain primarily liable to the Issuer for the performance of the duties and obligations so delegated, (iii) the Issuer, the Indenture Trustee and the Noteholders shall have the right to look solely to the Servicer for performance and
(iv) the terms of any agreement with any Sub-Servicer shall provide that the Issuer or the Indenture Trustee may terminate such agreement upon the termination of the Servicer hereunder by giving notice of its desire to terminate such agreement
to the Servicer (and the Servicer shall provide appropriate notice to such Sub-Servicer). 
 (j) Lock-Box Account. The name and
address of the Lock-Box Bank, together with the number of the Lock-Box Account at the Lock-Box Bank are specified in Schedule 2. All Obligors have been instructed to make payment in respect of the Contracts to the Lock-Box Account. The Servicer
shall at all times have the ability to identify and segregate all of the Collections from other funds on deposit in the Lock-Box Account within five (5) Business Days after deposit of such Collections into the Lock-Box Account. The Servicer
shall transfer within five (5) Business Days after deposit into the Lock-Box Account all Collections to the Collection Account. The Servicer shall use reasonable efforts to ensure that no funds are transferred out of the Lock-Box Account (other
than to the Collection Account) unless the Servicer or the Intercreditor Master Agent has identified and segregated such funds from the Collections. Other than the Intercreditor Agreement, the Servicer has not created, or participated in the
creation of, or permitted to exist, any Liens in relation to the Lock-Box Account and will not create, or participate in the creation of, or permit to exist, any Liens in relation to the Lock-Box Account. The Servicer shall not amend, modify or
supplement the Intercreditor Agreement or the Lock-Box Agreement without the prior written consent of the Indenture Trustee (at the written direction of the Noteholders). The Servicer will not transfer any funds out of the Lock-Box Account except in
accordance with this Agreement and the Intercreditor Agreement. 
 The Servicer shall cause to be deposited to the Lock-Box Account within
two (2) Business Days of receipt all funds identified as Collections received directly by the Issuer, the Originator, the Depositor or the Servicer. If the Servicer, Issuer or Originator receives any payment from an Obligor of a Pool Receivable
who is also an Obligor of a Receivable that is not a Pool Receivable and the Obligor has not directed the application of such payment, the Servicer shall apply such payment in accordance with the terms of the Intercreditor Agreement. With respect to
partial payments received from an Obligor of a Pool Receivable who is also an Obligor of a Receivable owned outright (meaning, not subject to the Lien of any other Person) by the 

  
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Servicer or Originator or by any Affiliate of the Servicer or Originator, and the Obligor has not directed the application of such partial payment, the Servicer shall apply such payment which
would be allocable on a ratable basis, to the Servicer or Originator first towards the related Pool Receivable and then towards the Receivable owned outright by the Servicer or Originator or by any Affiliate of the Servicer or Originator. 

SECTION 3.3 Substitution of Receivables by the Originator. 

(a) The Originator shall have the option to substitute Eligible Receivables for either (a) a Defaulted Receivable; or (b) a prepaid
Contract (i.e., a Contract voluntarily paid in full prior to its scheduled maturity date, and, together with a Defaulted Receivable for which a substitution is being made, a “Released Receivable”), which such substitutions shall together
be limited on an aggregate, cumulative basis to 10% of the Original Pool Balance; provided that prepaid Contracts shall only be permitted to be substituted during the first two (2) years following the Closing Date. Substitution under
this Section 3.3 is prohibited unless as of the date of substitution (the “Substitution Date”), the substituted Eligible Receivables (each a “Substituted Receivable”) will have a Net Book Value, based on such
Receivable’s Scheduled Payments that are scheduled to be received after the Substitution Date prior to the Maturity Date, equal to or greater than the Pool Receivables being substituted. Each such Substitute Receivable shall be accompanied by a
supplement to this Agreement, substantially in the form of Exhibit A hereto (the “Substitution Supplement”), subjecting such Receivable, the Related Security, the Collections and proceeds of the foregoing to the provisions hereof
and providing with respect to such Substitute Receivable and the Related Security the information required in the schedule to such Substitution Supplement. 

(b) The Servicer will provide the executed Substitution Supplement to the Indenture Trustee and the Custodian, and will provide the Custodian
File relating to the related Substituted Receivables to the Custodian. Upon receipt of such items by the Indenture Trustee and the Custodian, the Custodian shall release the Custodian File with respect to the Released Receivable to the Servicer
pursuant to the Custodial Agreement, and the Indenture Trustee (at the written request and expense of the Issuer) shall be required to deliver such instruments of reconveyance and release furnished by the Servicer as may be necessary to transfer
such Released Receivables to the Originator and release such Released Receivables from the Lien of the Indenture. 
 SECTION 3.4 Optional
Purchase by the Servicer. 
 (a) If the Pool Balance is equal to or less than 30% of the Original Pool Balance on the last day of any
Collection Period, the Servicer has the option to purchase the Collateral. The Servicer may exercise its option to purchase the Collateral by (a) notifying the Indenture Trustee and the Owner Trustee at least ten (10) days before the
Payment Date related to such Collection Period, and (b) remitting to the Collection Account the purchase price for the Collateral equal to the aggregate principal balance of the Pool Receivables as of the last day of such Collection Period in
immediately available funds by 10:00 a.m. (New York City time) on the Business Day preceding the Payment Date related to such Collection Period; provided, that, the Servicer may net such purchase price of the Collateral against any
amounts owing to the Servicer under the Transaction Documents. Notwithstanding the foregoing, the Servicer will not be permitted to purchase the Collateral unless the sum of (a) such purchase price, (b) the Collections on deposit

  
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in the Collection Account for such Collection Period, and (c) any amount paid by the Depositor or the Servicer with respect to Pool Receivables repurchased relating to such Collection Period
is greater than or equal to the sum of (a) the Class A Note Balance, and all accrued but unpaid interest thereon, (b) all amounts due to the Indenture Trustee under the Indenture or the Owner Trustee under the Trust Agreement and
(c) any other sums secured by the Indenture. 
 (b) On the Payment Date on which the optional purchase is exercised pursuant to clause
(a) above, and following the payment of all amounts due under the Indenture on such Payment Date, the Issuer will be deemed to have sold and assigned to the Servicer as of the last day of the preceding Collection Period all of the Issuer’s
right, title and interest in and to the Collateral, including the Pool Receivables and all security and documents relating to such Pool Receivables. Such sale will not require any action by the Issuer and will be without recourse, representation or
warranty by the Issuer except the representation that the Issuer owns the Pool Receivables free and clear of any Liens other than Permitted Liens. Upon such sale, the Servicer will mark its computer records indicating that any Receivables purchased
pursuant to Section 3.4(a) are no longer Pool Receivables, file UCC termination or amendment statements or take any other action necessary or appropriate to evidence the transfer of ownership of the purchased Pool Receivables free from any Lien
of the Issuer or the Indenture Trustee. The Issuer, the Owner Trustee or the Indenture Trustee, as applicable, will execute such documents and instruments and any and all further instruments, including any authorizations to file UCC financing
statement amendments, required or reasonably requested by the Servicer to effect such transfer. 
 SECTION 3.5 Servicing Fee. The
Servicer shall be paid the Servicing Fee pursuant to Section 4.5(a) of the Indenture. 
 SECTION 3.6 Servicer Advance. If the
Servicer determines that any Scheduled Payment with respect to any Pool Receivable that was due during the Collection Period was not received in full prior to the related Determination Date, the Servicer has the right to elect, but is not obligated,
to advance the unpaid Scheduled Payment if it reasonably believes that the advance will be recovered from subsequent payments with respect to that Pool Receivable (the “Servicer Advance”). The Servicer shall be entitled to
reimbursement for the amount of any Servicer Advance from amounts subsequently received with respect to that Pool Receivable or, if the Servicer determines that a Servicer Advance will not be recovered from the Pool Receivable to which it relates,
from amounts received with respect to other Pool Receivables. 
 SECTION 3.7 Servicer Reports. On the Determination Date, the
Servicer shall deliver a monthly Servicer Report substantially in the form of Exhibit B to (i) the Issuer and the Indenture Trustee, (ii) the Rating Agency, and (iii) the Back-Up Servicer detailing, among other things, (a) the
ratios described in clauses (i) and (ii) of the definition of Calculation Event calculated as of the month end preceding the prior Collection Period, and (b) amounts received on the Pool Receivables in respect of the immediately
preceding Collection Period and available for payment on the Payment Date. If the Servicer has knowledge of a Calculation Event prior to the time such Calculation Event would be reported in a Servicer Report, the Servicer will promptly notify the
Indenture Trustee and the Noteholders. 

  
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 SECTION 3.8 Administrative Duties. 

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

(b) Duties with Respect to the Issuer. 

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

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

(iii) Notwithstanding anything in this Agreement or the Transaction Documents to the contrary, the Servicer shall be
responsible for performance of the duties of the Issuer set forth in Sections 5.1(a) and (b) of the Trust Agreement with respect to, among other things, accounting and reports to a Certificateholder; provided, however, that once prepared
by the Servicer, the Owner Trustee shall retain responsibility for the distribution of any necessary Schedule K-1s, as applicable, to enable the Certificateholder to prepare its federal and state income tax returns. 

  
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 (iv) The Servicer shall perform the duties of the Servicer specified in
Section 9.2 of the Trust Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, the duties of the Servicer specified in Section 10.11 of the Trust Agreement, and any other duties expressly
required to be performed by the Servicer under this Agreement or any of the Transaction Documents. 
 (v) In carrying out the
foregoing duties or any of its other obligations under this Agreement, the Servicer may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be
in accordance with any directions received from the Issuer and shall be, in the Servicer’s opinion, no less favorable to the Issuer in any material respect. 

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

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

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

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

  
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 ARTICLE IV 

BANK ACCOUNTS 
 SECTION 4.1
Accounts. 
 (a) Collection Account. 

(i) On or before the Closing Date, the Indenture Trustee, on behalf of the Noteholders, will establish and maintain in its own
name an Eligible Account to be designated as “U.S. Bank National Association, as Indenture Trustee, as secured party for CCG Receivables Trust 2012-1,” that is designated as the “Collection Account”. The Collection Account
will be under the sole dominion and control of the Indenture Trustee, except that the Servicer may make deposits to and direct the Indenture Trustee to make withdrawals from the Collection Account in accordance with the Transaction Documents. The
Servicer may direct the Indenture Trustee in writing to withdraw from the Collection Account and pay to the Indenture Trustee or the Servicer, as applicable, amounts that do not constitute Available Amounts for any Collection Period or that were
deposited into the Collection Account in error. 
 (ii) Distributions on Payment Date. All Collections deposited into
the Collection Account shall be distributed in accordance with Section 4.5(a) of the Indenture, provided, that prior to the occurrence of a Calculation Event the Servicer may retain the amounts that would otherwise be deposited into the
Collection Account in respect of Excluded Amounts, in which case no distribution shall be made in respect of such Excluded Amounts pursuant to Section 4.5(a) of the Indenture. Any Excluded Amounts that do not belong to the Issuer and that were
deposited into the Collection Account shall be removed from the Collection Account by the Indenture Trustee, as indicated on the related Servicer Report, on each Payment Date prior to the application of Collections pursuant to Section 4.5(a) of
the Indenture. 
 (iii) Funds on deposit in the Collection Account shall be invested by the Indenture Trustee (at the written
direction of the Servicer) in Eligible Investments that will mature so that such funds will be available so as to permit amounts in the Collection Account to be paid and applied on the next Payment Date. 

(b) Reserve Account. 

(i) On or before the Closing Date, the Indenture Trustee, on behalf of the Noteholders, will establish and maintain in its own
name an Eligible Account to be designated as “U.S. Bank National Association, as Indenture Trustee, as secured party for CCG Receivables Trust 2012-1,” that is designated as the “Reserve Account”. The Reserve Account will
be under the sole dominion and control of the Indenture Trustee, except that the Servicer may make deposits to and direct the Indenture Trustee in writing to make withdrawals from the Reserve Account in accordance with the Transaction Documents.

 (ii) On the Closing Date, the Issuer will deposit or cause to be deposited the Required Reserve Amount into the Reserve
Account from the proceeds of the sale of the 

  
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Notes. Following this initial funding, any cash remaining in the Collection Account after making the payments owed to the Noteholders, the Servicer, the Back-Up Servicer, Indenture Trustee, the
Owner Trustee and the Custodian pursuant to clauses First through Fifth of Section 4.5(a) of the Indenture will be deposited in the Reserve Account until the balance in the Reserve Account equals the Required Reserve
Amount. Amounts on deposit in the Reserve Account will be available for payments of interest pursuant to Section 4.5(a) of the Indenture. To the extent that the amount on deposit in the Reserve Account exceeds the Required Reserve Amount for a
Payment Date, after giving effect to all other deposits and withdrawals therefrom, the Indenture Trustee shall distribute the amount of any excess as part of Available Amounts on such Payment Date. 

(iii) On each Payment Date, the Servicer shall instruct the Indenture Trustee (based on information in the Servicer’s
Report) to withdraw from the Reserve Account the Reserve Account Withdrawal Amount and deposit such amounts into the Collection Account to be included as Available Amounts for that Payment Date. 

(iv) The Indenture Trustee will transfer all funds on deposit in the Reserve Account to the Depositor on the earlier of:
(i) the Payment Date on or after which the Servicer has deposited into the Collection Account the amount specified in Section 3.4 in connection with its exercising its option to acquire the Pool Receivables pursuant to Section 3.4 and
(ii) the date on which the Class A Note Balance and all other amounts owing or to be distributed to the Noteholders under the Indenture and this Agreement are paid in full. 

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

SECTION 4.2 Maintenance of Accounts. 

(a) The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Bank Accounts and in
all proceeds thereof for the benefit of the Noteholders and all such funds, investments, proceeds and income shall be part of the Owner Trust Estate. Except as otherwise provided herein, the Bank Accounts shall be under the sole dominion and control
of the Indenture Trustee for the benefit of the Noteholders. If, at any time, any of the Bank Accounts ceases to be an Eligible Account, the Indenture Trustee shall notify the Servicer (who shall notify the Rating Agency), the Noteholders and the
Indenture Trustee (or the Servicer on its behalf, or at the direction of the Noteholders) shall within five (5) Business Days establish a new Bank Account as an Eligible Account and shall transfer any cash and/or any investments to such new
Bank Account. In connection with the foregoing, the Servicer agrees that, in the event that any of the Bank Accounts are not accounts with the Indenture Trustee, the Servicer shall notify the Indenture Trustee in writing promptly upon any of such
Bank Accounts ceasing to be an Eligible Account. 

  
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 (b) With respect to the Bank Account Property, the Indenture Trustee agrees that: 

(i) any Bank Account Property that is held in deposit accounts shall be held solely in the Eligible Accounts; and, except as
otherwise provided herein, each such Eligible Account shall be subject to the exclusive custody and control of the Indenture Trustee, and the Indenture Trustee shall have sole signature authority with respect thereto; 

(ii) any Bank Account Property that constitutes Physical Property shall be delivered to the Indenture Trustee in accordance
with paragraph (a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a securities intermediary (as such term is defined in Section 8-102(14) of the UCC) acting
solely for the Indenture Trustee; 
 (iii) the Indenture Trustee shall act as the “securities intermediary”, and as
the Person holding the “securities entitlement” for purposes of Section 8-501 of the UCC of the State of New York, and the “securities intermediary’s jurisdiction” for purposes of Section 8-110 of the UCC
shall be the State of New York; 
 (iv) any Bank Account Property that is a book-entry security held through the Federal
Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Indenture Trustee, pending maturity or disposition, through
continued book-entry registration of such Bank Account Property as described in such paragraph; 
 (v) any Bank Account
Property that is an “uncertificated security” or a “security entitlement” under Article 8 of the UCC and that is not governed by clause (D) above shall be delivered to the Indenture Trustee in accordance with
paragraph (c) or (d), if applicable, of the definition of “Delivery” and shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee’s (or its
nominee’s) ownership of such security; and 
 (vi) any cash that is Bank Account Property shall be considered a
“financial asset” under Article 8 of the UCC. 
 ARTICLE V 

THE DEPOSITOR 
 SECTION 5.1
Representations and Warranties 
 (a) Representations and Warranties of the Depositor. The Depositor represents and warrants
to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool Receivables and which will survive the sale of the Pool Receivables to the Issuer and
pledge thereof to the Indenture Trustee pursuant to the Indenture: 
 (i) Corporate Existence and Power. It
(1) is a limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of 

  
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organization as specified in the preamble herein, (2) is not organized under the Laws of any other jurisdiction or governmental authority, (3) has all power and all licenses,
authorizations, consents and approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is now and proposed to be conducted (except where the failure to have any
such licenses, authorizations, consents and approvals would not individually or in the aggregate have a Material Adverse Effect) and (4) is duly qualified to do business in, and is in good standing in, every other jurisdiction in which the
nature of its business or ownership or lease of its properties requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. 

(ii) Due Authorization; Contravention. The execution, delivery and performance by it of this Agreement and the other
Transaction Documents to which it is a party (1) are within its powers, (2) have been duly authorized , (3) require no action by or in respect of, or filing with, any Official Body or official thereof, (4) do not contravene,
conflict with or constitute a default under (A) its organizational documents, (B) any Law applicable to it, (C) any material contractual restriction binding on or affecting it or its property or (D) any order, writ, judgment,
award, injunction, decree or other instrument binding on or affecting it or its property, and (5) will not result in the creation or imposition of any Lien (other than Permitted Liens created under the Transaction Documents) upon or with
respect to its property, except as contemplated hereby and by the Transaction Documents, which could not reasonably be expected to have a Material Adverse Effect. 

(iii) Binding Effect. Each of this Agreement and the other Transaction Documents to which it is a party has been duly
executed and delivered and, upon payment of the purchase price as set forth herein, shall constitute the legal, valid and binding obligation of it, enforceable against it in accordance with the respective terms of such agreement, subject to
applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and to general principles of equity; regardless of whether such enforceability is considered in a proceeding in equity or at law. 

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

	 	(I)	General Representations 

 (a) Accuracy of Information. All written information
heretofore furnished by the Depositor to the Issuer (or its assignee) for purposes of or in connection with this Agreement or any transaction contemplated hereby is true, complete and accurate in every material respect, on the date such information
is stated or certified, and such information shall not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they
were made, not materially misleading. 

  
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 (b) Tax Status; Sale Treatment. The Depositor (1) has filed all tax returns (federal,
state and local) required to be filed, (2) has paid or made adequate provision for the payment of all taxes, assessments and other governmental charges (except for taxes, assessments or other governmental charges that are being contested in
good faith by the Depositor through appropriate proceedings and with respect to which adequate reserves have been maintained in accordance with GAAP), and (3) will not account for the sale of the Sold Assets pursuant to this Agreement, other
than as a sale by the Depositor to the Issuer (except to the extent otherwise required for United States federal income tax purposes under the Code or by the application of consolidated financial reporting principles under GAAP). No tax lien has
been filed and to the Depositor’s knowledge, no tax lien claim is being asserted against any of its properties which could reasonably be expected to have a Material Adverse Effect. 

(c) Action, Suits. The Depositor is not in violation of any order of any Official Body or arbitrator. There are no actions, suits,
litigation, investigations or proceedings pending, or to the knowledge of the Depositor threatened, against or affecting the Depositor or any Affiliate of the Depositor or their respective properties, in or before any Official Body or arbitrator
which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (d) Use of Proceeds. No
proceeds of any sale or contribution hereunder shall be used by the Depositor (1) to acquire any security in any transaction which is subject to Section 13 or 14 of the Securities Exchange Act of 1934, as amended, (2) to acquire any
equity security of a class which is registered pursuant to Section 12 of such act, (3) for any other purpose that violates applicable Law, including Regulations T, U or X of the Federal Reserve Board or (4) for any purpose that
violates Applicable Law. 
 (e) Principal Place of Business; Chief Executive Office; Location of Records. The Depositor is a limited
liability company duly organized under the laws of the state of Delaware. The principal place of business and chief executive office of the Depositor and the offices where the Depositor keeps all its Records relating to the Pool Receivables are
located at the address(es) described on Schedule 3 or such other locations notified to the Issuer in accordance with the terms of this Agreement. 

(f) Subsidiaries; Tradenames, Etc. (1) As of the date hereof, the Depositor has only the Subsidiaries and divisions listed on
Schedule 4 (which Schedule may be updated from time to time by notice from the Depositor to the Issuer, the Indenture Trustee and the Noteholders) and (2) the Depositor has, within the last five (5) years, operated only under the
tradenames identified on Schedule 4, and, within the last five (5) years, has not changed its name other than the tradenames identified on Schedule 4, merged with or into or consolidated with any other Person or been the subject of any
proceeding under the Bankruptcy Code. Schedule 4 also lists the correct Federal Employer Identification Number of the Depositor. 

  
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 (g) Not an Investment Company. The Depositor is not, and is not controlled by, an
“investment company” within the meaning of the Investment Company Act of 1940, or is exempt from all provisions of such act. 

(h) ERISA. Neither the Depositor nor any ERISA Affiliate (1) maintains any pension plan or (2) contributes to any
multiemployer plan. 
 (i) Lock-Box Account. All Obligors in respect of Pool Receivables sold or contributed hereunder have been
instructed as of the date hereof to make payment to a Lock-Box Account. The names and addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Account at the Lock-Box Bank, are specified on Schedule 2, as updated by the
Depositor from time to time by notice from the Depositor to the Issuer. The Depositor shall at all times have the ability to identify and segregate all of the Collections from other funds on deposit in the Lock-Box Account and cause the same to be
deposited into the Collection Account within five (5) Business Days after receipt of such Collections. 
 (j) Bulk Sales. No
transaction contemplated hereby requires compliance with any bulk sales act or similar law. 
 (k) Nonconsolidation. The Depositor
has taken and will continue to take all actions required to maintain the Issuer’s status as a separate legal entity, including, without limitation, (1) not holding the Issuer out to third parties as other than an entity with assets and
liabilities distinct from the Depositor and the Depositor’s other Subsidiaries; (2) other than by reason of owning the residual interest of the Issuer, not holding itself out to be responsible for any decisions or actions relating to the
Issuer (except for decisions or actions as Certificateholder); (3) preparing unaudited separate financial statements for the Issuer (which may be consolidated with the Depositor); (4) taking such other actions as are necessary on its part
to ensure that all procedures required by its and the Issuer’s certificate of formation and limited liability company agreement, and certificate of trust and Trust Agreement, respectively, are duly and validly taken; (5) keeping correct
and complete records and books of account and corporate minutes; and (6) not acting in any manner that could foreseeably materially mislead others with respect to the Issuer’s separate identity. In addition to the foregoing, the Depositor
has taken and will continue to take all necessary actions so that: 
 (i) the Depositor shall maintain records and books of
account and minutes separate from those of the Issuer; 
 (ii) the Depositor shall maintain an arm’s-length relationship
with the Issuer and shall not hold itself out as being liable for any Indebtedness of the Issuer (other than certain indemnification obligations of the Issuer provided herein); 

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

(v) the Depositor shall comply with (and cause to be true and correct) each of the facts and assumptions relating to the
Depositor contained in the opinion of Katten Muchin Rosenman LLP delivered pursuant to the terms of the Transaction Documents. 

  
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 (l) Preference; Voidability. The Issuer shall have given reasonably equivalent value to
the Depositor in consideration for the sale to the Issuer of the Sold Assets from the Depositor, and such sale shall not have been made for or on account of an antecedent debt owed by the Depositor to the Issuer and no such sale is or may be
voidable under any section of the Bankruptcy Code. 
 (m) Compliance with Law. The Depositor has complied with all Applicable Laws to
which it may be subject, (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the
failure to comply would not have a Material Adverse Effect. 
 (n) Representations and Warranties in other Transaction Documents.
Each of the representations and warranties made by the Depositor contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it hereby makes each such representation and warranty to, and for
the benefit of, the Issuer as if the same were set forth in full herein. 
  

	 	(II)	Representations with respect to the Pool Receivables 

 (a) Good Title; Perfection.

 (i) Immediately preceding the sale or contribution hereunder, the Depositor was the owner of all of the Sold Assets, free and clear of
all Liens (other than any Permitted Liens). This Agreement constitutes a valid sale, transfer and assignment of the Sold Assets to the Issuer from the Depositor and, upon the purchase or contribution, as the case may be, hereunder the Issuer shall
acquire a valid, enforceable and perfected ownership interest in the Sold Assets free and clear of any Lien (other than any Permitted Liens). 

(ii) Notwithstanding the immediately preceding sentence, if the conveyance by the Depositor to the Issuer of the Sold Assets hereunder were
construed not to be a sale or contribution, this Agreement creates a valid security interest in favor of the Issuer (and its assignee) in the Sold Assets consisting of all the Pool Receivables sold hereunder, the Related Security, the related
Equipment and the proceeds relating thereto, free and clear of all Liens (other than Permitted Liens) (provided, however, that no representation is made herein with respect to creation or perfection of any security interest in goods or other assets
pledged by an Obligor other than the Equipment); all financing statements and other documents required to be recorded or filed in order to perfect the security interest of the Issuer in the Sold Assets have been filed, and the Issuer (and its
assignee) has, subject to Permitted Liens, a perfected first priority security interest in all the Sold Assets sold hereunder, and the proceeds relating thereto, free and clear of all Liens (other than the Permitted Liens). 

  
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 (b) Nature of Pool Receivables. Each Pool Receivable will be an Eligible Receivable as of
the Closing Date. As of the date hereof, the Depositor has no knowledge of any fact that would cause it or should have caused it to expect any payments on such Pool Receivable will not be paid in full when due or that is reasonably likely to cause
or result in any Material Adverse Effect in respect of such Pool Receivable. To the extent that the first Scheduled Payment of a Pool Receivable is due after the Cut-Off Date, such first Scheduled Payment of such Pool Receivable is not more than 31
days late. In the event of a prepayment of a Pool Receivable, there is no obligation to rebate money to the related Obligor. 
 (c) No
Adverse Selection. Each Pool Receivable sold or contributed hereunder was not and will not be subject to any adverse selection, which could reasonably be expected to be materially unfavorable to the Issuer, the Indenture Trustee, any Noteholder
or any assignee thereof. 
 (d) Perfection Representations. The Depositor is the owner of all of the Pool Receivables listed in
Schedule 1 free and clear of all Liens (other than Permitted Liens). The Depositor further represents: 
 (1) General. 

(A) The Pool Receivables sold hereunder constitute “accounts,” “instruments,” “general intangibles,” or
“tangible chattel paper” within the meaning of the UCC. 
 (B) The Depositor has taken all steps necessary in each jurisdiction in
which the Pool Receivables were originated to perfect its security interest against the Obligors in the Equipment securing the Pool Receivables sold hereunder. 

(C) The Depositor has received all consents and approvals required by the terms of the Pool Receivables to the pledge of a security interest
in the Pool Receivables to the Issuer. 
 (2) Creation. The Depositor owns and has good and marketable title to the Sold Assets
immediately prior to the sale or contribution or pledge thereof in accordance with the terms of this Agreement free and clear of any Lien, claim or encumbrance of any Person, excepting other Permitted Liens and liens for taxes, assessments or
similar governmental charges or levies that are not yet due and payable or as to which any applicable grace period shall not have expired, or that are being contested in good faith by proper proceedings and for which adequate reserves have been
established, but only so long as foreclosure with respect to such a Lien is not imminent and the use and value of the property to which the Lien attaches is not impaired during the pendency of such proceeding. 

(3) Perfection. The Depositor has caused the filing of all appropriate financing statements in the proper filing office in the
appropriate jurisdictions under Applicable Law in order to perfect the sale and/or contribution of the Sold Assets from the Depositor to the Issuer. 

  
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 (4) Priority. 

(A) Other than the transfer of the Sold Assets to the Issuer hereunder, the Depositor has not pledged, assigned, sold, granted a security
interest in, or otherwise conveyed any of the Sold Assets. The Depositor has not authorized the filing of, nor is aware of any financing statements against the Depositor that include a description of collateral covering the Sold Assets transferred
hereunder other than any financing statement relating to the transfer of the Sold Assets hereunder or that has been or is being terminated in connection with the execution of this Agreement. The Depositor is not aware of any judgment or tax lien
filings against it. 
 (B) With respect to Sold Assets which constitute “tangible chattel paper” or “instruments” within
the meaning of the UCC, the Depositor has delivered to the Custodian all original copies of the instruments that constitute or evidence the Sold Assets transferred hereunder. The Contracts and instruments that constitute or evidence the Sold Assets
do not have any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Issuer. 

(5) Survival of Perfection Representations. Notwithstanding any other provision of this Agreement or any other Transaction Document,
the perfection representations contained herein shall be continuing, and remain in full force and effect until the occurrence of the Final Payment Date. 

(6) No Waiver. The Depositor (i) shall not, without obtaining the prior written consent of the Issuer and the Indenture Trustee
waive any of these perfection representations; (ii) shall provide the Issuer with prompt written notice of any breach of these perfection representations, and shall not, without obtaining the prior written consent of the Issuer and the
Indenture Trustee waive a breach of any of these perfection representations 
  

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

 SECTION 5.3 Affirmative Covenants of the Depositor. At all times
prior to the Final Payment Date, the Depositor, for the benefit of the Issuer and its assignees, shall do each of the following: 
 (a)
Conduct of Business; Ownership. The Depositor shall carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted and do all things necessary to remain duly
organized, validly existing and in good standing as a domestic organization in its jurisdiction of organization and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where failure
to so comply would not have a Material Adverse Effect. The Depositor shall at all times, be a wholly-owned Subsidiary of the Originator; 

(b) Compliance with Laws, Etc. The Depositor shall comply with all Laws to which it or its properties may be subject and preserve and
maintain its limited liability company existence, rights, franchises, qualifications and privileges except where failure to so comply, preserve or maintain would not have a Material Adverse Effect; 

  
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 (c) Inspection of Records. 

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

(d) Notice of the Issuer’s and Indenture Trustee’s Interest. In the event that the Depositor sells or otherwise transfers any
interest in accounts receivable or any other financial assets (other than as contemplated by the Transaction Documents), any computer tapes or files or other documents or instruments provided by the Depositor in connection with any such sale or
transfer shall, to the extent that such computer tapes, files or other documents or instruments contain any references to the Sold Assets, disclose the Issuer’s ownership of the Sold Assets and the Indenture Trustee’s security interest
therein. 
 (e) Sale Treatment. The Depositor shall not account for, or otherwise treat, the transactions contemplated herein in any
manner other than as a sale of the Sold Assets by the Depositor to the Issuer (except to the extent otherwise required (i) for United States federal income tax purposes under the Code or (ii) by the application of consolidated financial
reporting principles under GAAP). 
 (f) Protection of Security Interest of the Issuer and the Indenture Trustee. The Depositor
agrees that it shall, from time to time, at its expense, promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Issuer may reasonably request in order to perfect or protect the Issuer’s
title in the Sold Assets or to enable the Issuer to exercise or enforce any of its rights hereunder. Without limiting the foregoing, the Depositor shall, upon the request of the Issuer (i) execute and file such financing or continuation
statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and filed pursuant hereto) as may be requested by the Issuer or the Indenture Trustee and (ii) mark its respective master data processing records and
other documents with a legend describing 

  
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the security interest granted to the Issuer in the Sold Assets. To the fullest extent permitted by Applicable Law, the Issuer (or its assignee) shall be permitted to sign and file continuation
statements and amendments thereto and assignments thereof without the Depositor’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. 

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

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

(c) Change of Name, Etc. The Depositor shall not change its name, identity, jurisdiction of formation or structure (including through a
merger) or the location of its chief executive office or make any other change which, in the case of the foregoing, could cause any UCC financing statement filed in connection with this Agreement or any other Transaction Document to become
“seriously misleading” under the UCC or change its jurisdiction of organization, unless at least thirty (30) days prior to the effective date of any such change the Depositor delivers to the Issuer and the Indenture Trustee such
documents, instruments or agreements, executed by the Depositor as are necessary to reflect such change and to continue the perfection of the Issuer’s and the Indenture Trustee’s ownership interests or security interests in the Sold
Assets. The Depositor will not become or seek to become organized under the laws of more than one jurisdiction. 
 SECTION 5.5
Repurchases by the Depositor. 
 (a) If a Responsible Officer of the Depositor has actual knowledge, or receives written notice, of a
breach of the representations or warranties made by the Depositor pursuant to Section 5.2(II) that materially and adversely affects any Pool Receivable and such breach has not 

  
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been cured in all material respects by the last day of the second full Collection Period (or, at the Depositor’s option, the first full Collection Period) after the Responsible Officer
obtains actual knowledge or is notified of such breach, the Depositor will repurchase such Pool Receivable by remitting (or causing to be remitted) an amount equal to the then Net Book Value of such Receivable (the “Repurchase
Amount”) for such Receivable to the Collection Account on the Business Day preceding the Payment Date after such Collection Period. 

(b) The sole remedy for a breach of the representations and warranties of the Depositor contained in paragraph II of Section 5.2 is
(i) to require the Depositor to repurchase such materially and adversely affected Pool Receivable, or (ii) to require the Depositor or the Indenture Trustee to enforce the obligation of CCG to repurchase such materially and adversely
affected Pool Receivable pursuant to Section 5.4 of the Purchase Agreement. None of the Servicer, the Owner Trustee, the Indenture Trustee or the Depositor will have any duty to conduct an investigation as to the occurrence of any condition
requiring the repurchase of any Receivable pursuant to Section 5.5(a). 
 (c) When the Repurchase Amount is included in Available
Amounts for a Payment Date, the Issuer will, without further action, be deemed to have sold and assigned to the Depositor as of the last day of the second preceding Collection Period all of the Issuer’s right, title and interest in and to the
Pool Receivable repurchased by the Depositor pursuant to Section 5.5(a) and security and documents relating to such Pool Receivable. Such sale will not require any action by the Issuer and will be without recourse, representation or warranty by
the Issuer or by the Indenture Trustee except the representation that the Issuer owns such Pool Receivable free and clear of any Liens other than Permitted Liens. Upon such sale, the Servicer will mark its computer records to indicate that such
Receivable is no longer a Pool Receivable and take any action necessary or appropriate to evidence the sale of such Receivable, free from any Lien of the Issuer or the Indenture Trustee. 

SECTION 5.6 Indemnities by the Depositor. The Depositor shall be liable in accordance herewith only to the extent of the obligations
specifically undertaken by the Depositor under this Agreement. 
 (a) The Depositor shall indemnify, defend and hold harmless the Owner
Trustee, the Issuer, the Indenture Trustee, the Noteholders, the Back-Up Servicer and the Custodian and its officers, directors, employees and agents from and against any taxes that may at any time be asserted against any such Person with respect to
the transactions or activities contemplated in this Agreement and any of the Transaction Documents (except any income taxes arising out of fees paid to the Owner Trustee and the Indenture Trustee and except any taxes to which the Owner Trustee or
the Indenture Trustee may otherwise be subject to, without regard to the transactions contemplated hereby), including any sales, gross receipts, general corporation, tangible or intangible personal property, privilege or license taxes (but, in the
case of the Issuer, not including any taxes asserted with respect to, federal or other income taxes arising out of distributions on the Notes) and costs and expenses in defending against the same. 

(b) The Depositor shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, the Indenture Trustee, the Noteholders, the Back-Up
Servicer and the Custodian and the officers, directors, employees and agents thereof and the Noteholders from and against any loss, 

  
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liability or expense incurred by reason of (i) the Depositor’s willful misfeasance, bad faith or negligence in the performance of its duties under this Agreement, or by reason of
reckless disregard of its obligations and duties under this Agreement and (ii) the Depositor’s or the Issuer’s violation of federal or state securities laws in connection with the offering and sale of the Notes. 

(c) The Depositor shall indemnify, defend and hold harmless the Issuer, the Owner Trustee, Indenture Trustee, Custodian, the Noteholders and
Back-Up Servicer and the officers, directors, employees and agents thereof from and against any and all costs, expenses, losses, claims, damages and liabilities arising out of, or incurred in connection with the acceptance or performance of the
trusts and duties set forth herein and in the Transaction Documents except to the extent that such cost, expense, loss, claim, damage or liability shall be due to the willful misfeasance, bad faith or gross negligence (except for errors in judgment)
of the Owner Trustee, Indenture Trustee, the Noteholders, the Custodian and the Back-Up Servicer, respectively. 
 Indemnification under
this Section shall survive the resignation or removal of the Owner Trustee, the Indenture Trustee, the Back-Up Servicer or the Custodian and the termination of this Agreement, the Indenture, the Custodian Agreement or the Trust Agreement, as
applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. If the Depositor shall have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments are made
thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Depositor, without interest. 

ARTICLE VI 
 THE SERVICER

 SECTION 6.1 Representation and Warranties of the Servicer. The Servicer represents and warrants to the Issuer as of the
Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool Receivables and which will survive the sale of the Pool Receivables to the Issuer and pledge thereof to the
Indenture Trustee pursuant to the Indenture: 
 (a) Corporate Existence and Power. It (i) is a corporation, duly organized,
validly existing and in good standing under the Laws of its jurisdiction of organization as specified in the preamble herein, (ii) is not organized under the Laws of any other jurisdiction or governmental authority, (iii) has all corporate
power and all licenses, authorizations, consents and approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is conducted (except where the failure to have any
such licenses, authorizations, consents and approvals would not individually or in the aggregate have a Material Adverse Effect) and (iv) is duly qualified to do business and is in good standing in every other jurisdiction in which the nature
of its business or ownership or lease of its properties requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. 

(b) Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by it of this Agreement and the
other Transaction Documents to which it is a party: (i) are within its corporate powers, (ii) have been duly authorized by all necessary corporate and shareholder action, (iii) require no action by or in respect of, or filing with,
any 

  
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Official Body or official thereof (except which have been (or as of the Closing Date will have been) duly made and in full force and effect), (iv) do not contravene, conflict with or
constitute a default under (1) its articles of incorporation or by laws, (2) any Law applicable to it, (3) any material contractual restriction binding on or affecting it or its property or (4) any order, writ, judgment, award,
injunction or decree binding on or affecting it or its property or (v) will not result in the creation or imposition of any Lien upon or with respect to its property (except as contemplated hereby), which could reasonably be expected to have a
Material Adverse Effect. 
 (c) Binding Effect. Each of this Agreement and the other Transaction Documents to which it is a party has
been duly executed and delivered and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of
creditors generally and by general principles of equity, regardless of whether such enforceability is considered in a proceeding equity or at law. 

(d) Accuracy of Information. All written information heretofore furnished by it to the Issuer or the Indenture Trustee for purposes of
or in connection with this Agreement or any transaction contemplated hereby is true, complete and accurate in every material respect, on the date such information is stated or certified, and no such item contains any untrue statement of a material
fact or omits to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not misleading. 

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

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

(j) Material Adverse Effect. Since the Cut-Off Date, there has been no Material Adverse Effect. 

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

(o) Compliance with Law. It has complied with all Applicable Laws to which it may be subject (including, without limitation, laws,
rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply would not have a Material Adverse Effect. 

(p) Intercreditor Agreement. Other than the Issuer and the Indenture Trustee, no Person has become a “Joined Party” (as such
term is defined in the Intercreditor Agreement) since March 31, 2010. 
 (q) Representations and Warranties in other Transaction
Documents. Each of the representations and warranties made by the Servicer contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it hereby makes each such representation and warranty
to, and for the benefit of, the Issuer and the Indenture Trustee as if the same were set forth in full herein. 
 SECTION 6.2
Covenants. At all times from the date hereof to the Final Payment Date, unless the Issuer or Indenture Trustee (at the direction of the Noteholders) shall otherwise consent in writing, the Servicer hereby covenants and agrees with the Issuer
for the benefit of the Indenture Trustee and the Noteholders: 
 (a) Reporting Requirements. The Servicer shall maintain, for itself
and each of its Subsidiaries, a system of accounting established and administered in accordance with GAAP, 

  
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and the Servicer (and, if the Originator is not the Servicer, the Originator) shall furnish to the Issuer, to the Indenture Trustee, the Rating Agency and to the initial Noteholders and other
Noteholders so requesting: 
 (i) Annual Reporting. Within ninety (90) days after the close of each fiscal year
audited financial statements with respect to the Servicer (and, if the Originator is not the Servicer, the Originator) and its Subsidiaries prepared by a nationally-recognized accounting firm reasonably acceptable to the Issuer in accordance with
GAAP on a consolidated basis, including an income statement and balance sheet as of the end of such period, related statements of operations, shareholder’s equity and cash flows, accompanied by an unqualified audit report certified by such
accountants, prepared in accordance with GAAP. 
 (ii) Quarterly Reporting. Within forty-five (45) days after the
close of the first three quarterly periods of the fiscal years of the Servicer (and, if the Originator is not the Servicer, the Originator) consolidated unaudited balance sheets as at the close of each such period with respect to the Servicer (and,
if the Originator is not the Servicer, the Originator) and its Subsidiaries, together with consolidated related statements of operations, shareholder’s equity and cash flows for the period from the beginning of such fiscal year to the end of
such quarter, all certified by a Responsible Officer of the Servicer. 
 (iii) Compliance Certificate. Together with
the financial statements required hereunder, a compliance certificate signed by the Servicer’s (and, if the Originator is not the Servicer, the Originator), Responsible Officer stating that (1) the attached financial statements have been
prepared in accordance with GAAP and accurately reflect the financial condition of the Servicer (and, if the Originator is not the Servicer, the Originator), Servicer and its Subsidiaries as applicable and (2) to the best of such Person’s
knowledge, no Servicer Default or Event of Default exists, or if any Servicer Default or Event of Default exists, stating the nature and status thereof. 

(iv) Notice of a Servicer Default or an Event of Default. (1) As soon as possible and in any event within two
(2) Business Days after the Servicer obtains knowledge of the occurrence of a Servicer Default or an Event of Default, the Servicer shall provide a statement of a Responsible Officer of the Servicer setting forth details of such Servicer
Default or Event of Default and the action which the Servicer proposes to take with respect thereto, which information shall be updated promptly from time to time; (2) promptly and in any event within two (2) Business Days after the
Servicer obtains knowledge thereof, notice of any litigation, investigation or proceeding that may exist at any time between the Servicer and any Person that could reasonably be expected to result in a Material Adverse Effect or any litigation or
proceeding relating to any Transaction Document; and (3) promptly and in any event within two (2) Business Days after the Servicer obtains knowledge thereof, notice of a Material Adverse Effect. 

(v) Change in Credit and Collection Policy. (1) At least five (5) Business Days before the date on which any
non-material amendment or modification to the Credit and Collection Policy is to be made, the Servicer shall provide the Issuer, the Rating 

  
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Agency, the Noteholders and the Indenture Trustee with a copy of the Credit and Collection Policy, then in effect and indicating such change or amendment and (2) within five
(5) Business Days of the date on which any material amendment or modification to the Credit and Collection Policy is made, the Servicer shall provide the Issuer, the Noteholders and the Indenture Trustee with a copy of the Credit and Collection
Policy then in effect and indicating such change or amendment, provided, however, that no such material amendment or modification to the Credit and Collection Policy shall be effective without the prior written consent of the
Noteholders. Section 6.3(c) hereof provides guidance as regards “material” changes for this purpose. 
 (vi)
Change in Accountants or Accounting Policy. Promptly, the Servicer shall provide notice of any change in the accountants or material change in the accounting policy of the Servicer. 

(vii) Other Information. Such other information (including non-financial information) as the Issuer or the Indenture
Trustee may from time to time reasonably request with respect to the Servicer or the Originator, or any of their Subsidiaries, provided, however, that the request can be accommodated by the Servicer in accordance with commercially
reasonable business practices. 
 (viii) Reports from Other Parties. Promptly and in any event within three
(3) Business Days after receipt thereof, the Servicer shall provide copies of all financial statements delivered by the Depositor to the Servicer pursuant to the Transaction Documents. 

(ix) Shareholders Statements and Reports. If the Servicer is CCG, and it has a class of securities registered under the
Securities Exchange Act of 1934, as amended, then promptly upon the furnishing thereof to such securities holders of the Servicer, copies of all financial statements, reports and proxy statements so furnished. 

(x) SEC Filings. Promptly upon the filing thereof, copies of all registration statements and annual, quarterly, monthly
or other regular reports which the Servicer (if the Servicer is CCG), or any of its Subsidiaries, filed with the Securities and Exchange Commission. 

(b) Compliance with Laws, Etc. The Servicer shall comply with all Laws to which it or its respective properties may be subject and
preserve and maintain its corporate existence, rights, franchises, qualifications and privileges except where failure to so comply would not have a Material Adverse Effect. 

(c) Furnishing of Information and Inspection of Records. 

(i) Prior to the occurrence of a Default or an Event of Default and once per calendar year at expense of the party requesting
such audit or inspection, the Servicer shall at any time during regular business hours, upon reasonable notice, as requested by the Issuer or the Indenture Trustee, permit the Issuer or its appointees (including without limitation the Indenture
Trustee on behalf of the Noteholders, and its appointees and designees) to (A) examine and make copies of and take abstracts from all books, records 

  
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and documents (including computer tapes and disks) relating to the Pool Receivables or other Collateral and (B) visit the offices and properties of the Servicer, as applicable, for the
purpose of examining such materials described in clause (i), and to discuss matters relating to the Collateral or the Servicer’s performance hereunder, under the Pool Receivables and under the other Transaction Documents to which it is a party
with any of the officers, directors, or in the presence of an officer, employee or independent public accountant of the Servicer having knowledge of such matters. 

(ii) During a Default or an Event of Default, the Issuer and its assigns (including the Indenture Trustee on behalf of the
Noteholders) may conduct an unlimited number of audits of the Servicer, as necessary, for any of the purposes set forth in (i) above, at the expense of the Issuer or the Servicer. 

(iii) At the expense of the Servicer or the Issuer and twice per calendar year, the Servicer shall permit the Indenture Trustee
or the Noteholders, or any designee thereof, during regular business hours, upon reasonable notice, to conduct an audit of the certificates of title for Pool Receivables relating to Equipment evidenced by a certificate of title. 

(d) Keeping of Records and Books of Account. The Servicer shall maintain and implement administrative and operating procedures
(including an ability to recreate records evidencing Pool Receivables and the related Contracts in the event of the destruction of the originals thereof), and keep and maintain, all documents, books, computer tapes, disks, records and other
information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to permit the daily identification of substantially all Collections of and adjustments to such Pool Receivables). 

(e) Performance and Compliance with Contracts, Pool Receivables and Credit and Collection Policy. The Servicer shall, at its own
expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables and the Issuer; and the Servicer, as to itself, shall timely
and fully comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract. 

(f) Instructions to the Obligors. The Servicer shall instruct all Obligors to cause all Collections to be deposited directly to a
Lock-Box Account or to post office boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank and deposited into
a Lock-Box Account on a daily basis. 
 (g) Deposits to Collection Account. The Servicer shall not deposit or otherwise credit, or
cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables. The
Servicer shall at all times direct the Intercreditor Master Agent, and provide written disbursement instructions to the Intercreditor Master Agent directing it, to disburse funds from the Lock-Box Account which is subject to the Intercreditor
Agreement to the Collection Account in accordance with Section 4(f) of the Intercreditor Agreement. 

  
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 (h) Taxes. The Servicer will file all tax returns and reports required by law to be filed
by it and will promptly pay all taxes and governmental charges at any time owing by it (other than any amount of tax the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in
accordance with GAAP have been provided on the books of such Person). 
 (i) Insurance. The Servicer will cause the related Obligors
to maintain a casualty Insurance Policy covering general liability insurance with financially sound and reputable insurance companies covering all Equipment owned or leased by such Obligor in such amounts and against such risks as are customarily
maintained by companies engaged in the same or similar businesses operating in the same or similar locations. To the extent the Intercreditor Agreement sets forth any insurance requirements on Equipment and other property of the Servicer, the
Servicer shall at all times ensure that insurance policies are maintained in compliance with any such requirements set forth in the Intercreditor Agreement. The Servicer itself will maintain standard fidelity and errors and omissions policies in
commercially reasonable amounts. 
 (j) Titles. 

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

(iii) Upon the occurrence of an event of default or a termination event in any other CCG debt financing facility, whether or not waived by the
respective lender in such facility, the Issuer shall notify the Indenture Trustee of such default and, upon request by the Indenture Trustee or the Noteholders, the Servicer shall deliver all titles to Equipment evidenced by a certificate of title
to the Custodian. 
 (k) Pool Receivable File. Not later than the Closing Date or any applicable Substitution Date, the Servicer
shall cause to be delivered to the Custodian an accurate and complete Pool Receivable File for each related Pool Receivable. 
 (l)
Servicer File. The Servicer shall at all times maintain a true and correct Servicer File with respect to each Pool Receivable, which shall be clearly marked with the Contract number previously assigned by the Servicer and furnished by the
Servicer to the Custodian and the Back-Up Servicer which Contract number shall be used by the Servicer, the Custodian and the Back-Up Servicer to identify such Pool Receivable and the related Contract. Within one hundred twenty (120) days
following the Closing Date or with five (5) Business Days following a Substitution Date, as applicable, the Servicer shall deliver to the Custodian a copy of the Servicer File for each Pool Receivable. Upon the occurrence of a Calculation
Event, a Servicer Default or an Event of Default, the Servicer shall deliver the original Servicer File to the Custodian. 

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

(n) Notice to Obligors. Upon an Event of Default, a Servicer Default or a Reallocation Event, to the extent the laws or regulations of
a State require a lienholder to provide notice to an Obligor if the security interest in the related property has been assigned, the Servicer will provide the related Obligor with notice of the Indenture Trustee’s security interest in the
Equipment. 
 SECTION 6.3 Negative Covenants of the Servicer. At all times from the date hereof to the Final Payment Date, unless the
Issuer shall otherwise consent in writing, the Servicer hereby covenants and agrees with the Issuer and the Indenture Trustee as follows: 

(a) No Sales, Liens, Etc. Except as otherwise provided herein, Servicer not sell, assign (by operation of law or otherwise) or
otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) upon, or file any financing statement with respect to: (i) any of the Collateral, or (ii) any inventory or goods (including the Equipment), the sale
or lease of which gave rise to a Related Security, or assign any right to receive income in respect thereof; provided that the Servicer may substitute Eligible Receivables in accordance with Section 3.3. 

(b) No Extension or Amendment of Contracts. Except as otherwise permitted in Section 3.2, the Servicer shall not extend, amend or
otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract related thereto. 
 (c)
No Material Change in Credit and Collection Policy Without Consent. The Servicer may not make or permit to be made any material change in the Credit and Collection Policy without the prior written consent of the Noteholders. For purposes
hereof and for Section 6.2(a)(v), a change to the Credit and Collection Policy, is “material” if such change would, if made, impair the collectability of any Pool Receivable or otherwise have a Material Adverse Effect. 

  
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 (d) Change in Payment Instructions to Obligors. The Servicer shall not add or terminate
any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Schedule 2 or make any change in any material respect in its instructions to Obligors regarding payments to be made to any Lock-Box Account, unless
(i) such instructions are to deposit such payments to another existing Lock-Box Account or to the Collection Account and (ii) the Issuer, the Indenture Trustee and the Noteholders shall have received written notice of such addition,
termination or change at least thirty (30) days prior thereto and the Noteholders shall have given prior written approval thereof. 

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

  
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as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. If the Servicer shall have made any indemnity payments pursuant to this Section 6.4
and the Person to or on behalf of whom such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Servicer, without interest. 

SECTION 6.5 Breach of Representations; Non-Permitted Extension. If as of the end of any calendar month: (a) any Scheduled Payment
of a Pool Receivable is reduced or such Pool Receivable is canceled, (b) any of the representations or warranties set forth in Article VI was or becomes untrue in any material respect with respect to a Pool Receivable, or (c) any Pool
Receivable has been amended, modified, adjusted or extended other than pursuant to a Permitted Servicer Adjustment, the Servicer shall pay to the Indenture Trustee on behalf of the Issuer by no later than the next Payment Date in immediately
available funds an amount equal to the Repurchase Price of such Pool Receivable and such amount shall be promptly deposited into the Collection Account and applied by the Indenture Trustee as a Collection in accordance with Section 4.5(a) of
the Indenture. 
 SECTION 6.6 Merger or Consolidation of, or Assumption of the Obligations of, Servicer 

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

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

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

  
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 ARTICLE VII 

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

(a) failure to make any payment, transfer or deposit on or before the date occurring three (3) Business Days after the date of such
payment, transfer, deposit, instruction, or notice is required to be made or given pursuant to this Agreement or the Indenture and notice has been given to an officer of the Servicer in writing; 

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

(c) failure to deliver the Servicer Report by the close of business on the related Payment Date; 

(d) the occurrence of an Event of Default; 

(e) any attempt to transfer servicing except as permitted hereunder; 

(f) the occurrence and continuance of an event or condition which 100% of the Noteholders conclude materially and adversely affects the
Servicer’s ability to collect the Pool Receivables or perform its other duties and obligations hereunder; 
 (g) the Servicer’s
Tangible Net Worth is less than $35 million; 
 (h) any representation, warranty or certification made by the Servicer in this Agreement or
in any certificate delivered under this Agreement shall prove to have been incorrect when made, has a material adverse effect on the Noteholders and continues to be incorrect in any material respect for a period of thirty (30) days after the
first to occur of (i) the date on which written notice of such incorrectness shall have been given to the Servicer (ii) the date on which the Servicer becomes aware of the incorrectness; and 

(i) failure to observe or perform in any material respect any other covenant or agreement of the Servicer pursuant to this Agreement which
materially and adversely affects the rights of the Noteholders and continues unremedied for a period of thirty (30) days after the earlier of (i) the date the Servicer or Issuer receives notification in writing of such failure or
(ii) the Servicer learns of such failure. 
 The Servicer will notify the Depositor, the Owner Trustee, the Indenture Trustee, the
Back-Up Servicer and the Rating Agency of any Servicer Default under this Section 7.1 or any event that with the giving of notice or lapse of time, or both, would become a Servicer Default under this Section 7.1, no later than five
(5) Business Days after a Responsible Officer of the Servicer obtains actual knowledge of such event. 

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

SECTION 7.3 Waiver of Servicer Defaults. The Noteholders of a majority of the Class A Note Balance or, if no Notes are
Outstanding, the Owner Trustee, at the direction of the Certificateholder, may waive any Servicer Default and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Bank Accounts in
accordance with this Agreement that resulted in an Event of Default in the payment of principal or interest on the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) under the Indenture.
Upon any such waiver of a Servicer Default, such Servicer Default will cease to exist and will be deemed to have been remedied for every purpose under this Agreement. No such waiver will extend to any subsequent or other event or impair any right
resulting from such waiver. The Issuer will promptly notify the Rating Agency of any such waiver. 
 SECTION 7.4 Effect of a Servicer
Default Upon the occurrence of a Servicer Default, the Indenture Trustee may, and upon the written direction of the Noteholders shall, designate as Servicer any Person (including the Back-Up Servicer) to succeed CCG or any successor (the
“Successor Servicer”), on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof, provided, however, that if a
Servicer Default occurs as a result of an Event of Bankruptcy with respect to the Servicer, the Back-Up Servicer shall become the Successor Servicer without any action by the Indenture Trustee or the Noteholders. Upon such agreement by the Successor
Servicer, all authority and power of the Servicer under this Agreement shall pass to and be vested in the Successor Servicer and all references in this Agreement to the Servicer shall be deemed to refer to the Successor Servicer. As compensation,
any Successor Servicer (including, without limitation, the Back-Up Servicer) so appointed shall be entitled to receive the Servicing Fee and any reasonable out-of-pocket expenses, together with any other servicing compensation in the form of
assumption fees or otherwise as provided herein, including, without limitation, the reasonable costs (including reasonable attorneys’ fees) of the Successor Servicer incurred in connection with the transferring of servicing obligations under
this Agreement. 
 (b) Upon the designation of a Successor Servicer as set forth above, CCG agrees that it will terminate its activities as
Servicer hereunder in a manner which the Indenture Trustee determines will facilitate the transition of the performance of such activities to the Successor Servicer, and CCG shall cooperate with and assist such Successor Servicer. Such cooperation
shall include access to and transfer of records and use by the Successor Servicer of all records, licenses, hardware or software necessary or desirable to collect the Pool Receivables and the Related Security. 

(c) The Servicer hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall act (if the then current
Servicer so requests) for a six (6) month period of time following the termination of the Servicer as the data-processing agent of the Servicer and, in such capacity, the Originator shall conduct the data-processing functions of the
administration of the Pool Receivables and the Collections thereon in substantially the same way that the Originator conducted such data-processing functions while it acted as the Servicer at the Originator’s expense. 

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

ARTICLE VIII 
 THE
BACK-UP SERVICER 
 SECTION 8.1 Representations of Back-Up Servicer. The Back-Up Servicer makes the following representations and
warranties: 
 (a) The Back-Up Servicer has been duly organized and is validly existing as a corporation duly organized and validly existing
in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties shall be currently owned and such business is presently conducted. 

(b) The Back-Up Servicer has the power and authority to execute and deliver this Agreement and any other Transaction Document to which it is a
party and to carry out its respective terms, and the execution, delivery, and performance of this Agreement and any other Transaction Document to which it is a party shall have been duly authorized by the Back-Up Servicer by all necessary corporate
action. 
 (c) This Agreement and any other Transaction Document to which it is a party constitutes a legal, valid, and binding obligation
of the Back-Up Servicer enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights in general and
by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law. 

  
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 (d) The entering into of this Agreement and the other Transaction Documents to which it is a
party and the performance by the Back-Up Servicer of its obligations under such agreements and the consummation of the transactions herein and therein contemplated will not (i) conflict with the organizational documents of the Back-Up Servicer
or result in a breach of any of the terms or provisions of, conflict with or constitute a default under, any agreement, mortgage, deed of trust or other such instrument to which the Back-Up Servicer is a party or by which it is bound;
(ii) result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Back-Up Servicer pursuant to the terms of any material agreement, mortgage, deed of trust or other agreement or instrument to
which it is a party or by which it is bound or to which any of its property or assets is subject; or (iii) result in any violation of any statute or any order, rule or regulation of any court or any regulatory authority or other governmental
agency or body having jurisdiction over it or any of its properties. 
 (e) There are no proceedings or investigations pending or, to the
Back-Up Servicer’s best knowledge, threatened before any court, regulatory body, administrative agency, or other governmental instrumentality having jurisdiction over the Back-Up Servicer or its properties (i) asserting the invalidity of
this Agreement or any of the other Transaction Documents to which it is a party, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents to which it is a
party, or (iii) seeking any determination or ruling that might materially and adversely affect the performance by the Back-Up Servicer of its obligations under, or the validity or enforceability of, this Agreement or any other Transaction
Documents to which it is a party. 
 (f) The Back-Up Servicer has and shall preserve its qualification to do business as a foreign
corporation in each jurisdiction in which such qualification is or shall be necessary or desirable to enable it to perform its duties as Back-Up Servicer and Successor Servicer under this Agreement or under any of the other Transaction Documents to
which it is a party, except where the failure to so qualify would not have a Material Adverse Effect. 
 (g) The Back-Up Servicer has
operated its business in accordance with all Applicable Laws and regulations and it is not in violation of any such laws or regulations other than such violations which singly or in the aggregate do not, and, with the passage of time will not, have
a material adverse affect on its business or assets, or its ability to perform its obligations under this Agreement. 
 (h) The Back-Up
Servicer shall be provided by the Servicer the information it reasonably requires to perform its duties set forth in Section 8.4 and the Back-Up Servicer acknowledges that it has the systems in place capable of providing and storing such
information. 
 SECTION 8.2 Merger or Consolidation of, or Assumption of the Obligations of, Back-Up Servicer. Any Person
(a) into which the Back-Up Servicer may be merged or consolidated, (b) which may result from any merger or consolidation to which the Back-Up Servicer shall be a party, or (c) which may succeed to the properties and assets of the
Back-Up Servicer substantially as a whole, which Person in any of the foregoing cases executes an 

  
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agreement of assumption to perform every obligation of the Back-Up Servicer hereunder, shall be the successor to the Back-Up Servicer under this Agreement without further act on the part of any
of the parties to this Agreement. 
 SECTION 8.3 Back-Up Servicer Resignation and Removal. 

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

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

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

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

(C) on a monthly basis, the Back-Up Servicer shall load the Servicer’s month-end portfolio file onto the Back-Up
Servicer’s data warehouse system. 
 (b) Other than as specifically set forth elsewhere in this Agreement or in any other Transaction
Document, the Back-Up Servicer shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no liability for any action taken or omitted by the Servicer. 

  
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 (c) The Back-Up Servicer shall consult fully with the Servicer as may be necessary from time to
time to perform or carry out the Back-Up Servicer’s obligations hereunder, including the obligation to succeed at any time to the duties and obligations of the Servicer as servicer under Section 7.3. 

SECTION 8.5 Back-Up Servicer Compensation. As compensation for the performance of its obligations as Back-Up Servicer under this
Agreement and the other Transaction Documents to which it is a party, the Back-Up Servicer shall be entitled to receive the Back-Up Servicer Fee. 

SECTION 8.6 Duties and Responsibilities. 

(a) The Back-Up Servicer shall perform such duties and only such duties as are specifically set forth in this Agreement and the other
Transaction Documents to which it is a party, and no implied covenants or obligations shall be read into this Agreement against the Back-Up Servicer. 

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

  
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circumstances in its capacity under any Transaction Document shall PFSC be responsible to any party for reimbursement of any consequential, special or indirect damages, lost profits, lost
investments or business opportunity, interest, damages to reputation, punitive damages, exemplary damages, treble damages, nominal damages or operating losses. 

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

MISCELLANEOUS 
 SECTION 9.1
Term of Agreement. This Agreement shall terminate on the Final Payment Date or the date on which the Notes are redeemed pursuant to Section 3.12 of the Indenture; provided, however, that (a) the rights and remedies of
the Issuer or the Indenture Trustee, with respect to any representation and warranty made or deemed to be made by the Servicer pursuant to this Agreement, and (b) the indemnification provisions of Sections 5.6 and 6.4, shall be continuing and
shall survive any termination of this Agreement. 
 SECTION 9.2 Amendments. 

(a) Subject to Section 9.2(f), this Agreement may be amended in writing by the parties hereto, with ten (10) Business Days’
prior written notice by the Issuer to the Noteholders (and the consent of the Owner Trustee to the extent that its respective rights or obligations will be materially and adversely affected, which consent may not be unreasonably withheld, delayed or
conditioned), and with satisfaction of Rating Agency Confirmation, but without the consent of any of the Noteholders subject to the following conditions: 

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

  
 41 

 (b) Subject to Section 9.1(f), this Agreement also may be amended by the Depositor, with ten
Business Days’ prior notice by the Issuer to the Rating Agency and with the consent of (i) the Owner Trustee, to the extent that its rights and obligations will be materially and adversely affected by such amendment (which consent may not
be unreasonably withheld, delayed or conditioned), and (ii) the Noteholders of a majority of the Class A Note Balance. 
 (c)
Notwithstanding anything else stated in Section 9.2(a) or (b), no such amendment: may (i) (A) increase or reduce in any manner the amount of, or accelerate or delay the timing of, or change the allocation or priority of, Collections
or distributions that are required to be made for the benefit of the Noteholders, (B) change the percentage of the Original Pool Balance at which the Servicer may exercise its option to purchase the Collateral pursuant to Section 3.4, or
(C) reduce the percentage of the Class A Note Balance required to consent to any such amendment, without the written consent of all affected Noteholders, or (ii) change the Required Reserve Amount without receipt of the written
consent of all affected Noteholders. 
 (d) Promptly upon the execution of any amendment in accordance with this Section 9.2, the
Issuer will send a copy of such amendment to the Indenture Trustee and the Rating Agency, and the Indenture Trustee will notify each Noteholder of the substance of such amendment. 

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

 SECTION 9.3 Notices; Payment Information. 

Except as provided below, all communications and notices provided for hereunder shall be in writing (including facsimile or electronic
transmission or similar writing) and shall be given to the other party at its address or facsimile number set forth in Schedule 4 or at such other address or facsimile number as such party may hereafter specify for the purposes of notice to
such party. Each such notice or other communication shall be effective (a) if given by facsimile, when such facsimile is transmitted to the facsimile number specified in Schedule 4 and confirmation is received, (b) if given by mail, three
(3) Business Days following such posting, if postage prepaid, and if sent via U.S. certified or registered mail, (c) if given by overnight courier, one (1) Business Day after deposit thereof with a national overnight courier service,
or (iv) if given by any other means, when received at the address specified in Schedule 4. 
 SECTION 9.4 Governing Law; Submission
to Jurisdiction; Appointment of Service Agent. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS
OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER 

  
 42 

 
THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE ISSUER, THE DEPOSITOR, THE BACK-UP SERVICER AND THE SERVICER HEREBY SUBMITS TO THE NONEXCLUSIVE
JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER
TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF THE ISSUER, THE DEPOSITOR AND THE BACK-UP SERVICER AND THE SERVICER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT
MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 9.4 SHALL AFFECT
THE RIGHT OF THE NOTEHOLDERS TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OF THE ISSUER, THE DEPOSITOR, THE BACK-UP SERVICER OR THE SERVICER OR ANY OF THEIR RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 

(b) EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT
OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS. 

SECTION 9.5 Integration. This Agreement contains the final and complete integration of all prior expressions by the parties hereto with
respect to the subject matter hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

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

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

SECTION 9.8 Successors and Assigns; Binding Effect. 

(a) This Agreement shall be binding on the parties hereto and their respective successors and assigns; provided, however, that
neither the Issuer nor the Servicer may assign 

  
 43 

 
any of its rights or delegate any of its duties hereunder or under any of the other Transaction Documents to which it is a party without the prior written consent of the Indenture Trustee. Except
as provided in clauses (b), (e), or (h) below, no provision of this Agreement shall in any manner restrict the ability of any Noteholder to assign, participate, grant security interests in, or otherwise transfer its interest in the Notes. 

SECTION 9.9 Nonpetition Covenants. Notwithstanding any prior termination of this Agreement, none of the Servicer, the Originator, the
Indenture Trustee, the Back-up Servicer or the Depositor shall, prior to the date which is two years and one day after the termination of this Agreement with respect to the Issuer, acquiesce, petition or otherwise invoke or cause the Issuer to
invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer. 

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

SECTION 9.10 Limitation of Liability of Owner Trustee and Indenture Trustee 

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

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

  
 44 

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

[SIGNATURES FOLLOW] 

  
 45 

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

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

			Name:		Roger Gebhart
			Title:		Chief Financial Officer and Treasurer
	
	 CCG RECEIVABLES TRUST 2012-1

as Issuer

	By: WILMINGTON TRUST, NATIONAL ASSOCIATION,
	not in its individual capacity, but solely as Owner Trustee of CCG RECEIVABLES TRUST 2012-1
		
	By:		/s/ Jennifer A. Luce
		 	  

	Name:		Jennifer A. Luce
	Title:		Assistant Vice President
	
	 COMMERCIAL CREDIT GROUP INC.,

as Servicer and as Originator

		
	By:		/s/ Roger Gebhart
		 	  

			Name:		Roger Gebhart
			Title:		Vice President and Treasurer
	
	 PORTFOLIO FINANCIAL SERVICING COMPANY,

as Back-Up Servicer

		
	By:		/s/ John Enyart
		 	  

	Name:		John Enyart
	Title:		President

  
 [Signature Page to
Sale and Servicing Agreement] 

 
					
	U.S. BANK NATIONAL ASSOCIATION,
	not in its individual capacity, but solely as Indenture Trustee
		
	By:		/s/ Toby Robillard
		 	  

			Name:		Toby Robillard
			Title:		Vice President

  
 [Signature Page to
Sale and Servicing Agreement] 

 SCHEDULE 1 

Schedule of Pool Receivables 
  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 1503
	  	 	101041201	  	  	 	255,802.14	  
	 1658
	  	 	101061201	  	  	 	61,670.13	  
	 1150
	  	 	101071101	  	  	 	18,066.27	  
	 1578
	  	 	101091201	  	  	 	87,547.31	  
	 1660
	  	 	101091202	  	  	 	117,508.03	  
	 705
	  	 	101131201	  	  	 	69,384.45	  
	 669
	  	 	101191201	  	  	 	55,402.26	  
	 1307
	  	 	101201101	  	  	 	214,902.47	  
	 916
	  	 	101231201	  	  	 	102,989.10	  
	 770
	  	 	101241201	  	  	 	322,793.78	  
	 1292
	  	 	101241202	  	  	 	649,584.64	  
	 282
	  	 	101280901	  	  	 	34,520.22	  
	 1678
	  	 	101301201	  	  	 	44,568.52	  
	 1681
	  	 	101311202	  	  	 	268,871.85	  
	 1247
	  	 	101311203	  	  	 	381,611.29	  
	 1288
	  	 	102071101	  	  	 	2,504,455.83	  
	 1257
	  	 	103021101	  	  	 	19,648.58	  
	 616
	  	 	103041101	  	  	 	338,950.58	  
	 913
	  	 	103060901	  	  	 	239,700.06	  
	 916
	  	 	103060902	  	  	 	15,468.04	  
	 554
	  	 	103090903	  	  	 	213,463.36	  
	 1315
	  	 	103151101	  	  	 	76,730.01	  
	 1315
	  	 	103231102	  	  	 	76,566.81	  
	 1371
	  	 	103301103	  	  	 	547,100.19	  
	 1257
	  	 	103311101	  	  	 	19,540.86	  
	 204
	  	 	104040701	  	  	 	120,078.62	  
	 930
	  	 	104080901	  	  	 	30,913.93	  
	 342
	  	 	104121101	  	  	 	76,566.69	  
	 1119
	  	 	104131102	  	  	 	273,480.48	  
	 703
	  	 	104160803	  	  	 	39,746.93	  
	 703
	  	 	104160804	  	  	 	42,663.60	  
	 324
	  	 	104261102	  	  	 	50,969.91	  
	 1394
	  	 	104261105	  	  	 	126,422.22	  
	 720
	  	 	104290801	  	  	 	70,265.45	  
	 722
	  	 	104300801	  	  	 	29,625.73	  
	 1407
	  	 	105041101	  	  	 	70,577.84	  
	 705
	  	 	105111101	  	  	 	21,948.87	  
	 537
	  	 	105131101	  	  	 	66,215.83	  
	 1394
	  	 	105161103	  	  	 	41,345.59	  
	 1417
	  	 	105171101	  	  	 	97,405.25	  
	 1419
	  	 	105201101	  	  	 	151,135.30	  
	 1143
	  	 	105311101	  	  	 	43,139.89	  
	 363
	  	 	106050802	  	  	 	99,335.76	  
	 374
	  	 	106110901	  	  	 	116,892.78	  
	 191
	  	 	107251102	  	  	 	191,812.68	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 1140
	  	 	107271002	  	  	 	93,860.72	  
	 375
	  	 	107301002	  	  	 	247,008.39	  
	 1268
	  	 	108021101	  	  	 	53,879.06	  
	 1499
	  	 	108021102	  	  	 	76,072.44	  
	 1503
	  	 	108041101	  	  	 	435,141.43	  
	 722
	  	 	108051101	  	  	 	306,384.90	  
	 363
	  	 	108110901	  	  	 	60,224.58	  
	 1508
	  	 	108151102	  	  	 	418,507.32	  
	 1140
	  	 	108171001	  	  	 	197,448.55	  
	 1503
	  	 	108171101	  	  	 	119,820.64	  
	 1481
	  	 	108171102	  	  	 	84,407.05	  
	 1150
	  	 	108171103	  	  	 	45,341.04	  
	 558
	  	 	108190901	  	  	 	31,631.59	  
	 1307
	  	 	108191101	  	  	 	243,230.62	  
	 1488
	  	 	108261101	  	  	 	943,904.84	  
	 363
	  	 	108290801	  	  	 	138,341.27	  
	 671
	  	 	108290804	  	  	 	119,316.04	  
	 1517
	  	 	108291101	  	  	 	79,775.32	  
	 422
	  	 	108301101	  	  	 	529,117.94	  
	 1257
	  	 	109011101	  	  	 	98,866.06	  
	 930
	  	 	109081001	  	  	 	91,419.74	  
	 1316
	  	 	109141101	  	  	 	124,790.47	  
	 1546
	  	 	109231101	  	  	 	368,421.54	  
	 1548
	  	 	109261101	  	  	 	162,736.13	  
	 1556
	  	 	109291101	  	  	 	229,564.97	  
	 722
	  	 	109291102	  	  	 	175,198.52	  
	 1463
	  	 	109291103	  	  	 	39,039.29	  
	 589
	  	 	109301101	  	  	 	140,057.92	  
	 1560
	  	 	109301102	  	  	 	154,530.07	  
	 1246
	  	 	110041101	  	  	 	31,185.75	  
	 1575
	  	 	110191101	  	  	 	35,163.19	  
	 1024
	  	 	110191103	  	  	 	88,530.89	  
	 1578
	  	 	110241101	  	  	 	74,788.03	  
	 1316
	  	 	110241102	  	  	 	38,106.72	  
	 1583
	  	 	110251101	  	  	 	37,330.80	  
	 1483
	  	 	110261101	  	  	 	170,174.90	  
	 1583
	  	 	111011101	  	  	 	120,120.06	  
	 1510
	  	 	111011102	  	  	 	118,497.84	  
	 1595
	  	 	111011103	  	  	 	439,831.19	  
	 14
	  	 	111041101	  	  	 	739,894.64	  
	 916
	  	 	111101001	  	  	 	239,429.27	  
	 191
	  	 	111141101	  	  	 	192,396.34	  
	 1614
	  	 	111221101	  	  	 	146,702.59	  
	 1607
	  	 	111231102	  	  	 	60,123.86	  
	 629
	  	 	111300702	  	  	 	303,223.94	  
	 1613
	  	 	111301101	  	  	 	75,937.92	  
	 1620
	  	 	112021101	  	  	 	570,153.39	  
	 1618
	  	 	112061101	  	  	 	31,589.91	  
	 1488
	  	 	112091101	  	  	 	372,153.74	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 572
	  	 	112100801	  	  	 	96,236.84	  
	 615
	  	 	112150901	  	  	 	20,743.22	  
	 1467
	  	 	112151101	  	  	 	369,972.57	  
	 1620
	  	 	112161101	  	  	 	567,922.02	  
	 204
	  	 	112190503	  	  	 	49,377.06	  
	 1645
	  	 	112281101	  	  	 	806,960.13	  
	 1645
	  	 	112281102	  	  	 	863,131.57	  
	 16
	  	 	112281104	  	  	 	226,821.09	  
	 615
	  	 	112281107	  	  	 	613,413.00	  
	 554
	  	 	112310902	  	  	 	442,441.59	  
	 598
	  	 	201091201	  	  	 	178,517.51	  
	 1387
	  	 	201111201	  	  	 	286,258.22	  
	 218
	  	 	201121201	  	  	 	90,901.28	  
	 521
	  	 	201141102	  	  	 	27,227.06	  
	 1531
	  	 	201171202	  	  	 	143,554.21	  
	 1497
	  	 	201171204	  	  	 	371,388.50	  
	 1662
	  	 	201181201	  	  	 	83,916.11	  
	 1376
	  	 	201191201	  	  	 	369,052.94	  
	 1670
	  	 	201201201	  	  	 	80,688.39	  
	 1250
	  	 	201231201	  	  	 	501,683.18	  
	 74342
	  	 	201241201	  	  	 	87,248.30	  
	 1665
	  	 	201261201	  	  	 	339,477.43	  
	 1346
	  	 	201261202	  	  	 	28,301.35	  
	 521
	  	 	201261203	  	  	 	93,018.54	  
	 160
	  	 	201301202	  	  	 	70,104.10	  
	 1063
	  	 	201301204	  	  	 	709,694.73	  
	 1063
	  	 	201301205	  	  	 	501,375.68	  
	 807
	  	 	201311103	  	  	 	153,705.21	  
	 1340
	  	 	201311201	  	  	 	49,959.61	  
	 349
	  	 	201311202	  	  	 	114,692.50	  
	 1350
	  	 	201311203	  	  	 	221,122.68	  
	 661
	  	 	202120803	  	  	 	17,003.36	  
	 1336
	  	 	202161101	  	  	 	18,980.11	  
	 128
	  	 	202180901	  	  	 	131,228.05	  
	 797
	  	 	202190901	  	  	 	59,628.41	  
	 1343
	  	 	202251101	  	  	 	136,248.54	  
	 1124
	  	 	202281102	  	  	 	128,697.70	  
	 911
	  	 	203050901	  	  	 	25,960.07	  
	 366
	  	 	203070801	  	  	 	38,952.71	  
	 97
	  	 	203151002	  	  	 	410,620.82	  
	 1016
	  	 	203161101	  	  	 	126,591.77	  
	 409
	  	 	203190901	  	  	 	107,490.30	  
	 924
	  	 	203260902	  	  	 	340,551.55	  
	 366
	  	 	203280802	  	  	 	44,947.27	  
	 71
	  	 	203311101	  	  	 	213,311.23	  
	 862
	  	 	204010901	  	  	 	58,513.09	  
	 928
	  	 	204020901	  	  	 	19,977.73	  
	 929
	  	 	204060901	  	  	 	108,529.20	  
	 1333
	  	 	204061101	  	  	 	32,492.69	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 598
	  	 	204111101	  	  	 	164,324.18	  
	 1386
	  	 	204121102	  	  	 	92,536.81	  
	 1387
	  	 	204131102	  	  	 	195,803.99	  
	 1126
	  	 	204191102	  	  	 	15,643.37	  
	 1390
	  	 	204201101	  	  	 	29,624.21	  
	 942
	  	 	204240901	  	  	 	33,512.29	  
	 1392
	  	 	204251101	  	  	 	46,058.01	  
	 1395
	  	 	204251102	  	  	 	113,510.13	  
	 1341
	  	 	204261101	  	  	 	56,178.93	  
	 947
	  	 	204280901	  	  	 	35,597.45	  
	 445
	  	 	204281001	  	  	 	458,671.35	  
	 252
	  	 	204281101	  	  	 	54,340.92	  
	 80
	  	 	204281103	  	  	 	738,135.32	  
	 1403
	  	 	204291101	  	  	 	68,605.89	  
	 521
	  	 	204291103	  	  	 	54,015.37	  
	 366
	  	 	205060803	  	  	 	73,827.56	  
	 693
	  	 	205140801	  	  	 	198,022.82	  
	 1418
	  	 	205191101	  	  	 	380,865.22	  
	 1392
	  	 	205241101	  	  	 	79,308.41	  
	 1428
	  	 	205261101	  	  	 	31,840.57	  
	 807
	  	 	205271001	  	  	 	50,606.70	  
	 1395
	  	 	205271102	  	  	 	109,980.46	  
	 287
	  	 	205271103	  	  	 	156,701.33	  
	 89
	  	 	205281002	  	  	 	743,855.16	  
	 712
	  	 	205290801	  	  	 	78,405.42	  
	 929
	  	 	205290905	  	  	 	37,615.61	  
	 807
	  	 	206041001	  	  	 	54,233.84	  
	 972
	  	 	206230902	  	  	 	170,483.72	  
	 128
	  	 	206230904	  	  	 	11,039.02	  
	 585
	  	 	206240801	  	  	 	35,696.03	  
	 725
	  	 	207010903	  	  	 	54,423.50	  
	 787
	  	 	207210801	  	  	 	48,101.20	  
	 1435
	  	 	207221101	  	  	 	404,543.88	  
	 71
	  	 	207280801	  	  	 	103,894.17	  
	 1501
	  	 	208031101	  	  	 	204,519.48	  
	 97
	  	 	208060901	  	  	 	240,440.08	  
	 1455
	  	 	208101102	  	  	 	83,052.22	  
	 807
	  	 	208110802	  	  	 	8,935.22	  
	 1395
	  	 	208111101	  	  	 	56,927.44	  
	 807
	  	 	208131001	  	  	 	132,715.98	  
	 807
	  	 	208131003	  	  	 	132,715.98	  
	 1491
	  	 	208171101	  	  	 	384,287.39	  
	 719
	  	 	208191101	  	  	 	112,897.96	  
	 495
	  	 	208200801	  	  	 	160,532.28	  
	 748
	  	 	208210801	  	  	 	20,682.83	  
	 712
	  	 	208250802	  	  	 	88,361.47	  
	 1516
	  	 	208291101	  	  	 	113,564.80	  
	 1240
	  	 	208291102	  	  	 	508,289.70	  
	 1492
	  	 	208301103	  	  	 	115,298.20	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 369
	  	 	208301104	  	  	 	930,211.78	  
	 1424
	  	 	208311101	  	  	 	340,503.93	  
	 1531
	  	 	208311103	  	  	 	82,870.14	  
	 807
	  	 	209011001	  	  	 	61,351.27	  
	 347
	  	 	209020901	  	  	 	78,590.65	  
	 807
	  	 	209020902	  	  	 	147,366.16	  
	 1533
	  	 	209071101	  	  	 	68,782.66	  
	 1193
	  	 	209091001	  	  	 	38,870.96	  
	 1534
	  	 	209091101	  	  	 	220,136.53	  
	 712
	  	 	209110801	  	  	 	88,073.30	  
	 499
	  	 	209131101	  	  	 	131,122.63	  
	 1538
	  	 	209161103	  	  	 	300,575.28	  
	 978
	  	 	209180901	  	  	 	113,782.05	  
	 1165
	  	 	209211101	  	  	 	377,494.87	  
	 1301
	  	 	209221101	  	  	 	143,207.96	  
	 1205
	  	 	209231001	  	  	 	65,839.15	  
	 1551
	  	 	209231101	  	  	 	470,808.57	  
	 1544
	  	 	209231102	  	  	 	179,377.51	  
	 1395
	  	 	209231103	  	  	 	48,485.35	  
	 1387
	  	 	209261102	  	  	 	130,222.23	  
	 1555
	  	 	209281101	  	  	 	21,831.96	  
	 693
	  	 	209281102	  	  	 	291,040.76	  
	 69
	  	 	209301103	  	  	 	330,797.85	  
	 51
	  	 	209301105	  	  	 	148,059.21	  
	 982
	  	 	209301106	  	  	 	443,624.63	  
	 836
	  	 	210010801	  	  	 	37,926.21	  
	 896
	  	 	210061101	  	  	 	279,705.10	  
	 1386
	  	 	210071102	  	  	 	93,519.19	  
	 533
	  	 	210080805	  	  	 	62,660.55	  
	 71
	  	 	210090901	  	  	 	135,197.02	  
	 1566
	  	 	210111103	  	  	 	28,876.79	  
	 646
	  	 	210181102	  	  	 	169,220.18	  
	 1576
	  	 	210201101	  	  	 	140,882.26	  
	 738
	  	 	210201102	  	  	 	410,664.16	  
	 725
	  	 	210211101	  	  	 	21,943.25	  
	 1387
	  	 	210211103	  	  	 	252,179.10	  
	 813
	  	 	210230901	  	  	 	64,869.85	  
	 1594
	  	 	210241101	  	  	 	69,439.83	  
	 366
	  	 	210250702	  	  	 	28,284.20	  
	 1448
	  	 	210251102	  	  	 	380,415.12	  
	 1587
	  	 	210261102	  	  	 	240,717.27	  
	 71
	  	 	210270901	  	  	 	121,467.71	  
	 598
	  	 	210300701	  	  	 	628,063.47	  
	 1590
	  	 	210311102	  	  	 	73,391.12	  
	 1593
	  	 	210311105	  	  	 	324,563.22	  
	 880
	  	 	211050901	  	  	 	76,763.98	  
	 851
	  	 	211081101	  	  	 	28,183.23	  
	 187
	  	 	211120801	  	  	 	38,907.17	  
	 1598
	  	 	211141101	  	  	 	402,716.00	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 424
	  	 	211160901	  	  	 	44,696.20	  
	 854
	  	 	211161101	  	  	 	370,056.02	  
	 862
	  	 	211170801	  	  	 	89,536.51	  
	 883
	  	 	211211102	  	  	 	158,490.05	  
	 581
	  	 	211221101	  	  	 	160,560.03	  
	 1605
	  	 	211221103	  	  	 	50,350.42	  
	 1606
	  	 	211221104	  	  	 	104,606.26	  
	 585
	  	 	211240901	  	  	 	138,399.44	  
	 1474
	  	 	211291101	  	  	 	49,721.85	  
	 967
	  	 	211291102	  	  	 	292,139.27	  
	 860
	  	 	211291103	  	  	 	665,692.20	  
	 1611
	  	 	211301101	  	  	 	53,270.62	  
	 445
	  	 	211301104	  	  	 	594,709.83	  
	 1029
	  	 	212010901	  	  	 	122,934.95	  
	 1189
	  	 	212021001	  	  	 	339,381.94	  
	 1341
	  	 	212061101	  	  	 	27,160.36	  
	 1619
	  	 	212061103	  	  	 	354,970.14	  
	 1283
	  	 	212151001	  	  	 	382,476.96	  
	 1124
	  	 	212191102	  	  	 	188,584.83	  
	 13
	  	 	212200701	  	  	 	23,009.43	  
	 1491
	  	 	212201101	  	  	 	87,735.66	  
	 1636
	  	 	212201104	  	  	 	319,505.06	  
	 1031
	  	 	212211101	  	  	 	388,696.91	  
	 187
	  	 	212211103	  	  	 	921,029.34	  
	 1611
	  	 	212211104	  	  	 	24,559.29	  
	 1367
	  	 	212221101	  	  	 	323,265.62	  
	 1240
	  	 	212271001	  	  	 	182,733.21	  
	 21
	  	 	212301104	  	  	 	1,077,889.51	  
	 21
	  	 	212301105	  	  	 	1,040,984.60	  
	 878
	  	 	212301106	  	  	 	182,918.88	  
	 849
	  	 	212310801	  	  	 	58,057.98	  
	 795
	  	 	301060902	  	  	 	29,748.62	  
	 1659
	  	 	301091201	  	  	 	134,610.92	  
	 1048
	  	 	301151001	  	  	 	15,443.24	  
	 744
	  	 	301171201	  	  	 	388,039.93	  
	 1253
	  	 	301201101	  	  	 	28,018.12	  
	 1461
	  	 	301201201	  	  	 	197,696.98	  
	 1543
	  	 	301231201	  	  	 	122,383.37	  
	 1253
	  	 	301231202	  	  	 	25,259.54	  
	 960
	  	 	301241201	  	  	 	146,628.34	  
	 1009
	  	 	301241202	  	  	 	220,005.01	  
	 1310
	  	 	301251201	  	  	 	690,299.35	  
	 1313
	  	 	301261102	  	  	 	55,084.73	  
	 1125
	  	 	301261103	  	  	 	14,463.32	  
	 1312
	  	 	301261104	  	  	 	65,176.15	  
	 1323
	  	 	301261106	  	  	 	532,537.18	  
	 1265
	  	 	301261202	  	  	 	947,166.89	  
	 1666
	  	 	301261203	  	  	 	105,642.06	  
	 1310
	  	 	301271101	  	  	 	191,982.40	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 1321
	  	 	301271103	  	  	 	75,255.55	  
	 1668
	  	 	301271201	  	  	 	355,537.99	  
	 1667
	  	 	301271202	  	  	 	20,030.63	  
	 895
	  	 	301280901	  	  	 	61,138.92	  
	 523
	  	 	301281001	  	  	 	584,856.33	  
	 1055
	  	 	301281004	  	  	 	244,055.28	  
	 900
	  	 	301300902	  	  	 	208,926.01	  
	 1671
	  	 	301301201	  	  	 	637,836.66	  
	 954
	  	 	301301202	  	  	 	202,843.82	  
	 1260
	  	 	301301204	  	  	 	28,085.84	  
	 1673
	  	 	301301205	  	  	 	121,224.28	  
	 1668
	  	 	301301207	  	  	 	354,560.54	  
	 132
	  	 	301311101	  	  	 	759,720.97	  
	 1675
	  	 	301311201	  	  	 	440,548.85	  
	 1372
	  	 	301311203	  	  	 	561,440.34	  
	 523
	  	 	302011001	  	  	 	402,699.33	  
	 689
	  	 	302241003	  	  	 	70,442.82	  
	 421
	  	 	302270901	  	  	 	104,203.03	  
	 995
	  	 	303031102	  	  	 	214,813.90	  
	 1258
	  	 	303101101	  	  	 	170,297.28	  
	 951
	  	 	303121001	  	  	 	162,815.89	  
	 709
	  	 	303121002	  	  	 	231,536.19	  
	 709
	  	 	303121003	  	  	 	151,862.04	  
	 700
	  	 	303160901	  	  	 	46,113.10	  
	 867
	  	 	303180909	  	  	 	7,076.00	  
	 1074
	  	 	303181101	  	  	 	20,961.67	  
	 221
	  	 	303200903	  	  	 	329,682.99	  
	 700
	  	 	303230902	  	  	 	21,504.85	  
	 1363
	  	 	303231101	  	  	 	131,689.13	  
	 43
	  	 	303251101	  	  	 	19,084.13	  
	 1342
	  	 	303281101	  	  	 	94,577.41	  
	 1368
	  	 	303281103	  	  	 	85,398.32	  
	 907
	  	 	303301104	  	  	 	405,704.20	  
	 1075
	  	 	303311005	  	  	 	197,410.45	  
	 1374
	  	 	303311102	  	  	 	342,386.12	  
	 24
	  	 	304020901	  	  	 	31,501.61	  
	 1145
	  	 	304051101	  	  	 	69,432.11	  
	 1069
	  	 	304051102	  	  	 	154,691.93	  
	 700
	  	 	304061101	  	  	 	26,530.30	  
	 1260
	  	 	304061102	  	  	 	30,123.22	  
	 960
	  	 	304081101	  	  	 	48,684.37	  
	 1383
	  	 	304111103	  	  	 	29,757.27	  
	 899
	  	 	304141101	  	  	 	323,483.21	  
	 1388
	  	 	304151101	  	  	 	233,331.73	  
	 1278
	  	 	304151103	  	  	 	104,480.36	  
	 1382
	  	 	304201102	  	  	 	41,264.41	  
	 795
	  	 	304231006	  	  	 	73,379.37	  
	 944
	  	 	304240903	  	  	 	105,138.03	  
	 960
	  	 	304251101	  	  	 	87,920.93	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 65
	  	 	304261102	  	  	 	36,699.53	  
	 1258
	  	 	304261103	  	  	 	35,034.07	  
	 1132
	  	 	304271101	  	  	 	147,906.51	  
	 1100
	  	 	304291101	  	  	 	59,580.43	  
	 1405
	  	 	304291103	  	  	 	98,521.42	  
	 744
	  	 	304291104	  	  	 	218,065.82	  
	 743
	  	 	304291106	  	  	 	94,784.74	  
	 918
	  	 	305031101	  	  	 	125,938.98	  
	 670
	  	 	305090803	  	  	 	299,844.75	  
	 1118
	  	 	305121101	  	  	 	377,421.93	  
	 1274
	  	 	305131101	  	  	 	45,875.29	  
	 1416
	  	 	305171102	  	  	 	17,345.76	  
	 954
	  	 	305180901	  	  	 	45,481.46	  
	 173
	  	 	305231101	  	  	 	280,203.17	  
	 1421
	  	 	305231104	  	  	 	33,147.29	  
	 167
	  	 	305251101	  	  	 	110,825.60	  
	 960
	  	 	305260902	  	  	 	55,678.05	  
	 1003
	  	 	305261101	  	  	 	510,786.38	  
	 907
	  	 	305261103	  	  	 	331,033.28	  
	 1253
	  	 	305271101	  	  	 	18,856.58	  
	 962
	  	 	305290901	  	  	 	63,683.92	  
	 1162
	  	 	306011101	  	  	 	133,837.56	  
	 944
	  	 	306040901	  	  	 	44,822.02	  
	 1118
	  	 	306171001	  	  	 	1,047,403.21	  
	 795
	  	 	306180901	  	  	 	147,426.81	  
	 769
	  	 	306200801	  	  	 	35,853.53	  
	 1055
	  	 	306251001	  	  	 	25,663.67	  
	 564
	  	 	306270803	  	  	 	337,611.30	  
	 701
	  	 	307110801	  	  	 	37,612.68	  
	 786
	  	 	307180803	  	  	 	1,184,901.41	  
	 960
	  	 	307200901	  	  	 	28,547.19	  
	 736
	  	 	307220801	  	  	 	33,961.16	  
	 795
	  	 	307240803	  	  	 	87,460.34	  
	 830
	  	 	307291001	  	  	 	51,637.59	  
	 1041
	  	 	307291004	  	  	 	279,099.08	  
	 988
	  	 	308030902	  	  	 	19,934.10	  
	 795
	  	 	308031102	  	  	 	311,723.39	  
	 1313
	  	 	308041101	  	  	 	51,087.36	  
	 1460
	  	 	308041102	  	  	 	382,116.79	  
	 1460
	  	 	308041103	  	  	 	192,416.20	  
	 202
	  	 	308061001	  	  	 	42,083.99	  
	 65
	  	 	308081101	  	  	 	236,850.40	  
	 1504
	  	 	308091101	  	  	 	227,287.52	  
	 992
	  	 	308100902	  	  	 	47,965.24	  
	 701
	  	 	308120802	  	  	 	39,603.89	  
	 202
	  	 	308131002	  	  	 	40,825.98	  
	 961
	  	 	308151101	  	  	 	445,461.37	  
	 1207
	  	 	308161102	  	  	 	129,124.16	  
	 961
	  	 	308170901	  	  	 	50,959.60	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 564
	  	 	308181101	  	  	 	268,652.57	  
	 700
	  	 	308191101	  	  	 	58,094.28	  
	 766
	  	 	308220801	  	  	 	90,917.63	  
	 743
	  	 	308221103	  	  	 	84,671.70	  
	 1172
	  	 	308231002	  	  	 	654,752.08	  
	 379
	  	 	308241101	  	  	 	1,010,148.33	  
	 700
	  	 	308241102	  	  	 	226,139.30	  
	 1515
	  	 	308261101	  	  	 	90,835.00	  
	 670
	  	 	308270803	  	  	 	418,414.36	  
	 701
	  	 	308290801	  	  	 	168,181.99	  
	 1522
	  	 	308291101	  	  	 	499,380.69	  
	 1524
	  	 	308301103	  	  	 	220,086.01	  
	 700
	  	 	308310902	  	  	 	46,089.86	  
	 1526
	  	 	308311101	  	  	 	378,591.13	  
	 1527
	  	 	308311102	  	  	 	218,612.26	  
	 1128
	  	 	308311103	  	  	 	559,150.12	  
	 213
	  	 	308311104	  	  	 	550,683.90	  
	 1530
	  	 	308311105	  	  	 	169,520.29	  
	 1003
	  	 	309040901	  	  	 	57,001.51	  
	 1368
	  	 	309081101	  	  	 	65,634.45	  
	 1194
	  	 	309101003	  	  	 	34,755.27	  
	 1535
	  	 	309121101	  	  	 	34,674.13	  
	 1530
	  	 	309141101	  	  	 	253,467.39	  
	 1514
	  	 	309141102	  	  	 	42,076.57	  
	 1536
	  	 	309151101	  	  	 	108,822.37	  
	 1539
	  	 	309161101	  	  	 	392,217.99	  
	 1540
	  	 	309161102	  	  	 	273,115.13	  
	 992
	  	 	309180902	  	  	 	31,735.42	  
	 1541
	  	 	309191101	  	  	 	40,651.19	  
	 260
	  	 	309201001	  	  	 	45,035.43	  
	 746
	  	 	309201101	  	  	 	527,432.89	  
	 1003
	  	 	309221002	  	  	 	80,873.58	  
	 1543
	  	 	309231101	  	  	 	157,254.82	  
	 700
	  	 	309231102	  	  	 	47,444.90	  
	 1553
	  	 	309271101	  	  	 	82,639.80	  
	 689
	  	 	309280902	  	  	 	145,565.88	  
	 1009
	  	 	309280903	  	  	 	34,092.04	  
	 1207
	  	 	309281001	  	  	 	30,948.30	  
	 1554
	  	 	309281103	  	  	 	474,917.22	  
	 1554
	  	 	309281104	  	  	 	474,917.21	  
	 827
	  	 	309291003	  	  	 	42,946.98	  
	 1557
	  	 	309291102	  	  	 	554,388.90	  
	 1557
	  	 	309291103	  	  	 	482,342.33	  
	 1527
	  	 	309291105	  	  	 	227,035.25	  
	 744
	  	 	309300802	  	  	 	42,914.98	  
	 1178
	  	 	309301101	  	  	 	288,615.76	  
	 564
	  	 	309301102	  	  	 	285,328.17	  
	 1562
	  	 	309301104	  	  	 	54,222.84	  
	 744
	  	 	310061101	  	  	 	374,672.96	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 1003
	  	 	310070901	  	  	 	38,132.25	  
	 1564
	  	 	310071102	  	  	 	63,022.79	  
	 1014
	  	 	310090901	  	  	 	139,720.72	  
	 167
	  	 	310130501	  	  	 	23,007.32	  
	 1567
	  	 	310131101	  	  	 	47,302.67	  
	 1178
	  	 	310131102	  	  	 	284,122.07	  
	 1570
	  	 	310141101	  	  	 	33,925.17	  
	 1570
	  	 	310141102	  	  	 	33,925.17	  
	 1570
	  	 	310141103	  	  	 	33,925.17	  
	 1570
	  	 	310141104	  	  	 	33,925.17	  
	 1570
	  	 	310141105	  	  	 	33,925.17	  
	 744
	  	 	310141106	  	  	 	248,728.77	  
	 744
	  	 	310141107	  	  	 	248,728.77	  
	 856
	  	 	310170802	  	  	 	44,321.64	  
	 1571
	  	 	310171101	  	  	 	291,480.42	  
	 1574
	  	 	310181102	  	  	 	31,268.83	  
	 1388
	  	 	310181103	  	  	 	634,261.43	  
	 1231
	  	 	310211001	  	  	 	251,024.68	  
	 1148
	  	 	310211103	  	  	 	326,114.01	  
	 1148
	  	 	310211104	  	  	 	324,835.87	  
	 1540
	  	 	310211105	  	  	 	51,264.88	  
	 1363
	  	 	310211106	  	  	 	124,615.69	  
	 1581
	  	 	310241102	  	  	 	101,973.91	  
	 700
	  	 	310241103	  	  	 	150,081.60	  
	 1579
	  	 	310241105	  	  	 	130,767.46	  
	 1383
	  	 	310251101	  	  	 	314,399.38	  
	 1582
	  	 	310251102	  	  	 	69,403.81	  
	 400
	  	 	310251103	  	  	 	66,393.28	  
	 564
	  	 	310261101	  	  	 	283,271.98	  
	 827
	  	 	310270801	  	  	 	70,659.24	  
	 1451
	  	 	310271101	  	  	 	263,291.04	  
	 1526
	  	 	310271102	  	  	 	98,299.14	  
	 1017
	  	 	310280901	  	  	 	126,124.30	  
	 786
	  	 	310310803	  	  	 	738,972.17	  
	 1592
	  	 	310311101	  	  	 	429,104.39	  
	 1589
	  	 	310311103	  	  	 	292,536.68	  
	 1589
	  	 	310311104	  	  	 	292,536.68	  
	 1423
	  	 	311041101	  	  	 	77,195.88	  
	 888
	  	 	311060901	  	  	 	9,448.14	  
	 1574
	  	 	311071101	  	  	 	11,790.41	  
	 1363
	  	 	311091101	  	  	 	107,369.67	  
	 867
	  	 	311130801	  	  	 	9,524.36	  
	 1259
	  	 	311221001	  	  	 	20,815.87	  
	 1172
	  	 	311231003	  	  	 	31,839.14	  
	 935
	  	 	311240903	  	  	 	413,364.29	  
	 689
	  	 	311260805	  	  	 	135,683.46	  
	 876
	  	 	311260806	  	  	 	279,980.10	  
	 600
	  	 	311280701	  	  	 	12,612.66	  
	 1373
	  	 	311281103	  	  	 	142,907.48	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 1363
	  	 	311281104	  	  	 	128,832.60	  
	 1156
	  	 	311281106	  	  	 	26,934.07	  
	 736
	  	 	311291101	  	  	 	117,130.83	  
	 700
	  	 	311291103	  	  	 	666,450.58	  
	 1320
	  	 	311301101	  	  	 	49,062.01	  
	 182
	  	 	311301102	  	  	 	27,868.78	  
	 1052
	  	 	311301105	  	  	 	215,847.82	  
	 1052
	  	 	311301106	  	  	 	240,486.71	  
	 1052
	  	 	311301107	  	  	 	272,259.47	  
	 1052
	  	 	311301108	  	  	 	82,660.13	  
	 1003
	  	 	312030901	  	  	 	90,623.09	  
	 882
	  	 	312090803	  	  	 	456,767.66	  
	 1624
	  	 	312131101	  	  	 	64,872.90	  
	 1032
	  	 	312140901	  	  	 	144,850.83	  
	 1382
	  	 	312151107	  	  	 	321,107.22	  
	 795
	  	 	312180903	  	  	 	85,919.17	  
	 1451
	  	 	312211102	  	  	 	264,990.60	  
	 760
	  	 	312221102	  	  	 	321,045.84	  
	 760
	  	 	312221103	  	  	 	466,660.68	  
	 1320
	  	 	312271101	  	  	 	293,799.66	  
	 1321
	  	 	312271102	  	  	 	74,575.68	  
	 1321
	  	 	312271103	  	  	 	154,248.93	  
	 1641
	  	 	312271104	  	  	 	62,394.51	  
	 1446
	  	 	312271105	  	  	 	118,409.62	  
	 1171
	  	 	312271106	  	  	 	284,124.50	  
	 1646
	  	 	312291101	  	  	 	355,478.26	  
	 992
	  	 	312300904	  	  	 	93,541.92	  
	 1498
	  	 	312301101	  	  	 	371,408.20	  
	 1498
	  	 	312301102	  	  	 	274,808.31	  
	 1498
	  	 	312301103	  	  	 	409,864.72	  
	 1653
	  	 	312301104	  	  	 	504,981.69	  
	 1657
	  	 	401061201	  	  	 	39,308.15	  
	 1661
	  	 	401171201	  	  	 	461,032.34	  
	 1661
	  	 	401171202	  	  	 	691,069.64	  
	 1677
	  	 	401271201	  	  	 	202,529.70	  
	 1669
	  	 	401271202	  	  	 	713,249.12	  
	 1669
	  	 	401271203	  	  	 	181,788.12	  
	 1674
	  	 	401301201	  	  	 	721,595.82	  
	 1384
	  	 	404121101	  	  	 	60,162.78	  
	 1406
	  	 	404291101	  	  	 	83,514.60	  
	 1409
	  	 	405091101	  	  	 	267,752.77	  
	 1420
	  	 	405201101	  	  	 	76,570.64	  
	 1433
	  	 	407221101	  	  	 	566,237.88	  
	 1419
	  	 	408081101	  	  	 	39,472.50	  
	 1433
	  	 	408291101	  	  	 	210,171.06	  
	 1133
	  	 	409021001	  	  	 	106,730.08	  
	 1545
	  	 	409231101	  	  	 	58,883.25	  
	 1550
	  	 	409271101	  	  	 	288,407.67	  
	 1197
	  	 	409291101	  	  	 	205,146.05	  

									
	Customer #	  	Contract #	 	  	NBV ($)	 
	 1561
	  	 	409301103	  	  	 	1,591,800.69	  
	 1338
	  	 	410171101	  	  	 	75,993.31	  
	 1487
	  	 	410261101	  	  	 	389,932.08	  
	 1563
	  	 	410281102	  	  	 	907,010.50	  
	 1563
	  	 	410281103	  	  	 	914,278.53	  
	 1478
	  	 	411081101	  	  	 	179,985.26	  
	 1600
	  	 	411171102	  	  	 	34,222.26	  
	 1612
	  	 	411301101	  	  	 	1,050,316.72	  
	 1419
	  	 	412191101	  	  	 	90,974.53	  

 SCHEDULE 2 

List of Lock-Box Banks and Lock-Box Account 

Account number 2000026298881 of CCG maintained with Wells Fargo Bank, National Association, having offices located at 1 South Broad Street, Mail Code: PA1227,
Philadelphia, Pennsylvania and 401 S. Tryon Street, 10th Floor, TS Legal Risk Mgmt., Mail Code NC0817, Charlotte, North Carolina 28288. 
 Commercial Credit
Group Inc., 
 227 West Trade Street, Suite 1450 
 Charlotte, NC
28202 
 CCG Receivables Trust 2012-1, 
 227 West Trade Street,
Suite 1450 
 Charlotte, NC 28202 
 CCG Receivables IV, LLC,

 227 West Trade Street, Suite 1450A 
 Charlotte, NC 28202 

 SCHEDULE 3 

Location of Certain Offices and Records 

Commercial Credit Group Inc. 
 2056 Westings Avenue, Suite 280

 Naperville, IL 60563 
 Commercial Credit Group Inc., 

227 West Trade Street, Suite 1450 
 Charlotte, NC 28202 

CCG Receivables Trust 2012-1, 
 227 West Trade Street, Suite 1450

 Charlotte, NC 28202 
 CCG Receivables IV, LLC, 

227 West Trade Street, Suite 1450A 
 Charlotte, NC 28202 

 SCHEDULE 4 

Notice and Payment Information 
  

	1.	Notice Information: 

 

 Commercial Credit Group Inc., 

as Originator and Servicer 
 227 West Trade
Street, Suite 1450 
 Charlotte, NC 28202 
 CCG Receivables IV,
LLC, 
 as Depositor 
 227 West Trade Street,
Suite 1450A 
 Charlotte, NC 28202 
 CCG Receivables Trust
2012-1, 
 as Issuer 
 c/o Wilmington Trust,
National Association, 
 as Owner Trustee 
 Rodney Square North

 1100 North Market Street 
 Wilmington, Delaware 19890 

Attention: Corporate Trust Administration 
 With a copy to: 

Commercial Credit Group Inc., 
 227 West Trade Street, Suite 1450

 Charlotte, NC 28202 
 DBRS, Inc. 

Attn: Surveillance 
 e-mail address: abs_surveillance@dbrs.com

 140 Broadway 
 New York, New York 10005 

Main Line: 212-806-3223 
 Portfolio Financial Servicing Company,

 as Back-Up Servicer 
 2121 SW Broadway,
Suite 200 
 Portland, OR 97201 
 Attention: President 

Telecopier No.: 503-274-0439

 Telephone No.: 503-721-3234 

New York Life Insurance Company 
 c/o New York Life Investment
Management 
 LLC 
 51 Madison Avenue 

New York, New York 10010 
 New York Life Insurance and Annuity

 Corporation 
 c/o New York Life Investment Management 

LLC 
 51 Madison Avenue 

New York, New York 10010 
 Jackson National Life Insurance
Company 
 Jackson National Life Insurance Company 
 of New York

 c/o PPM America Inc. 
 750 Lexington Avenue 

10th Floor 
 New York, NY 10022 

Genworth Life Insurance Company 
 3001 Summer Street 

Stamford, CT 06905 
 Ensign Peak Advisors Inc. 

50 East North Temple, 15th Floor 
 Salt Lake City, UT 84150 

U.S. Bank National Association, 
 as Indenture
Trustee 
 60 Livingston Avenue 
 EP-MN-WS3D 

St. Paul, MN 55107 
 Attn: Structured Finance/CCG Receivables 

Trust 2012-1 

 

	2.	Payment Information - Wiring Instructions for Class A Principal Amount: 

  

	(a)	New York Life Insurance Company 

 JPMorgan Chase Bank 

New York, New York 10019 
 ABA
No. 021-000-021 
 Credit: New York Life Insurance Company 

General Account No. 008-9-00687 

with sufficient information (including issuer, PPN number, interest rate, maturity and whether payment is of principal, premium, or interest)
to identify the source and application of such funds. 
 All notices of payments, written confirmations of such wire transfers and any audit
confirmation: 
 New York Life Insurance Company 

c/o New York Life Investment Management LLC 

51 Madison Avenue 
 2nd Floor,
Room 208 
 New York, New York 10010-1603 
  

			
	Attention:		Securities Operations
			Private Group
			2nd Floor
			Fax #: 908-840-3385

  

	(b)	New York Life Insurance and Annuity Corporation 

 JPMorgan Chase Bank 

New York, New York 
 ABA
No. 021-000-021 
 Credit: New York Life Insurance and Annuity Corporation 

General Account No. 323-8-47382 

with sufficient information (including issuer, PPN number, interest rate, maturity and whether payment is of principal, premium, or interest)
to identify the source and application of such funds, 

 All notices of payments, written confirmations of such wire transfers and any audit confirmation:

 New York Life Insurance and Annuity Corporation 

c/o New York Life Investment Management LLC 

51 Madison Avenue 
 2nd Floor,
Room 208 
 New York, New York 10010-1603 
  

			
	Attention:		Securities Operation
			Private Group
			2nd Floor
			Fax #: 908-840-3385

  

	(c)	Genworth Life Insurance Company 

 The Bank of New York 

ABA No. 021000018 
 Account
No. IOC566 
 Swift Code: IRVTUS3N 

Acct. Name: Private Placement Income Collection Account 

Attn: PP P&I Department 

Reference: GLIC /LISPIA CUSIP/PPN & security description, and identify principal & interest amounts 

 

	(d)	Ensign Peak Advisors Inc. 

 Zions First National Bank 

Salt Lake City, UT 
 ABA 124000054

 Further Credit: Acct #001-20001-3/Ensign Peak Advisors 
  

	(e)	Jackson National Life Insurance Company of New York 

 The Bank of New York Mellon 

ABA# 021000018 
 Account No. FJNL:
IMM/1872718400 
 Account Name: JNL-JNLNY Gen. Acct 

RE: CCG Receivables Trust 2012-1 

	(f)	Jackson National Life Insurance Company 

  

	 	(i)	The Bank of New York Mellon 

 ABA No. 021000018 

Account No. ELI: IMM/1872428400 

Account Name: JNL-JNL ELI 
 RE:
CCG Receivables Trust 2012-1 
  

	 	(ii)	The Bank of New York Mellon 

 ABA No. 021000018 

Account No. GIC: IMM/1872438400 

Account Name: JNL-JNL GIC 
 RE:
CCG Receivables Trust 2012-1 

 EXHIBIT A 

Form of Supplement for Substitute Receivables 

Pursuant to Section 3.3 of the Sale and Servicing Agreement dated as of February 15, 2012 by and among CCG RECEIVABLES IV, LLC, a
Delaware limited liability company (the “Depositor”), CCG RECEIVABLES TRUST 2012-1, a Delaware statutory Trust (the “Issuer”), COMMERCIAL CREDIT GROUP INC., (“CCG”) a Delaware corporation, (the
“Servicer” and the “Originator”), PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation, (the “Back-Up Servicer”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, the
(“Indenture Trustee”), attached hereto as Schedule I is a Schedule which includes information regarding the Receivables, the Related Security, all related Collections, and all proceeds of the foregoing (the “Substituted
Receivables”) that are sold, assigned, transferred and delivered by the undersigned to the Issuer in accordance with the Sale and Servicing Agreement as of              ,
201   (the “Substitution Date”). The Substituted Assets are delivered in substitute of the Receivables identified in Schedule II attached hereto and all Related Security (the “Released Receivables”), and,
from and after the date of this Supplement for Substitute Receivables, the Released Receivables shall no longer be considered “Sold Assets” or “Collateral” pursuant to the Sale and Servicing Agreement and the Indenture, dated
February 15, 2012 between the Issuer and the Indenture Trustee. Schedule I and Schedule II hereto may be delivered electronically. 

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

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

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

	Name:		
	Title:		

			
	CCG RECEIVABLES IV, LLC
	as Depositor
		
	By		  

	Name:		
	Title		
	
	CCG RECEIVABLES TRUST 2012-1,
	as Issuer,
	By: WILMINGTON TRUST, NATIONAL ASSOCIATION,
	not in its individual capacity but solely
	as Owner Trustee of CCG RECEIVABLES TRUST 2012-1
		
	 By:
		  

	Name:		
	Title:		

  

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

		
	By:		  

	Name:		
	Title:		

 SCHEDULE I 

SUBSTITUTE RECEIVABLES SCHEDULE 
  

																											
	Source	 	Cust	 	Contract
Num	 	Customer
Name	 	Issue
Month	 	 Org

Day
	 	Issue
Year	 	contract
Type	 	Residual
Value	 	Book
Value
WO
Resid	 	Pmt per
amtz
schedule	 	lease_start_date	 	Maturity
date	 	Term
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	

  

																											
	PMTS	 	months
to
maturity	 	Equipment
Type	 	equip_category	 	 days
oldest
rent

due
	 	lease_billto_state	 	 Sign

Date
	 	Equip
Desc	 	Contract
Yield	 	Skips	 	Branch	 	EQ
Industry	 	NBV	 	Cash
Flow
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	

 SCHEDULE II 

REPLACED RECEIVABLES SCHEDULE 
  

																											
	Source	 	Cust	 	Contract
Num	 	Customer
Name	 	Issue
Month	 	 Org

Day
	 	Issue
Year	 	contract
Type	 	Residual
Value	 	Book
Value
WO
Resid	 	Pmt per
amtz
schedule	 	lease_start_date	 	Maturity
date	 	Term
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	

  

																											
	PMTS	 	months
to
maturity	 	Equipment
Type	 	equip_category	 	 days
oldest
rent

due
	 	lease_billto_state	 	 Sign

Date
	 	Equip
Desc	 	Contract
Yield	 	Skips	 	Branch	 	EQ
Industry	 	NBV	 	Cash
Flow
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 	

 EXHIBIT B 

Form of Servicer Report 

 EXHIBIT C 

Form of Credit and Collection Policies and Practices 

 COMMERCIAL CREDIT GROUP INC 

CREDIT POLICY 
 Credit Submittals

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

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

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

References: Reference checks on the proposed obligor’s secured debt must indicate current payment habits within 60 days of due
date. Credit reports must not have any excessive delinquency. 
 Previous Bankruptcies: The obligor and its majority owners must not
be in or have filed for a bankruptcy proceeding within the last 7 years. 
 The CEO of the Company must approve transactions that do not
meet the parameters as indicated above. 
 Non-Qualifying Transactions 

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

 

	 	•	 	Floor plan 

  

	 	•	 	Owner-operator transportation 

  

	 	•	 	Transactions involving a third party broker 

  

	 	•	 	Consumer or Agricultural 

 Credit Concentrations 

The Company’s in-house limit on total exposure to any one obligor (including related parties such as guarantors and affiliated entities
with similar ownership) shall not exceed 4% of the net portfolio. The Company may sell all or part of a transaction to third parties on a without recourse basis. Once a transaction is sold, the net amount sold will be removed from the total
concentration of that particular obligor. 
 At times, the Company may be involved in transactions that involve recourse to the selling
vendor or manufacturer. In such situations, the Company’s total recourse exposure to any one recourse obligor will not exceed 17.5% of the Company’s equity, except in the event where (1) the recourse party is of unquestionable credit
quality; and (2) no one single direct obligor subject to such recourse represents more than 6% of the Company’s equity; and (3) management feels the Company’s exposure is fully protected. 

Any transaction originated by the Company and initially financed by the Company with non-recourse debt will not be subject to in-house credit
limits. 
 Credit Officers and Authority 

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

			
	 Daniel J. McDonough
		In-house limit
	 Kevin T. McGinn
		$750,000
	 W.J. Mattocks
		$750,000
	 Donald G. Pokorny
		$750,000
	 Richard W. Radom
		$750,000 With comparable co-signature authority, $400,000 with Samuel C. Robinson and James H. Smith
	 Samuel C. Robinson
		$400,000
	 James H. Smith
		$400,000

 Extensions 

At times existing obligors may request an extension of their existing accounts. Such accommodations will require a complete credit package and
will follow the underwriting process of a newly proposed transaction. During an extension request, the Company will reevaluate its collateral position, guarantors and pricing and make the necessary adjustments. 

Non-Accruals and Write-Offs 
 The Company
will suspend interest income on contract receivables if, in management’s opinion, the collection of such receivable is in question. This may occur for a variety of reasons including, but not limited to, delinquency, a bankruptcy proceeding,
foreclosure, and deteriorating business conditions. All receivables over 90 days delinquent will automatically be placed on non-accrual. 

When an account is placed on non-accrual, the Company will perform a collateral evaluation and take the appropriate write-off. All contract
receivables that become subject to foreclosure will be removed from the receivable classification and reclassified as “Other Assets”, the carrying value of which is expected to be at the estimated liquidation value of the collateral.EX-10.17

 Exhibit 10.17 
  

 
 LOAN
AND ADMINISTRATION AGREEMENT 
 Dated as of June 13, 2011 

by and among 
 CCG
RECEIVABLES V, LLC, 
 as SPV, 

COMMERCIAL CREDIT GROUP INC., 

as Servicer, 

PORTFOLIO FINANCIAL SERVICING COMPANY, 

as Backup Servicer 

FAIRWAY FINANCE COMPANY, LLC, 

as Lender, 
 BMO
CAPITAL MARKETS CORP., 
 as Administrator, 

and 
 BMO
CAPITAL MARKETS CORP., 
 as Facility Agent, 

and 
 THE
OTHER LENDERS AND ADMINISTRATORS FROM TIME TO TIME PARTIES 

HERETO 
  

 

 TABLE OF CONTENTS 

 

							
	SECTION	 	HEADING	  	PAGE	 
			
	ARTICLE I	 	DEFINITIONS	  	 	1	 
			
	SECTION 1.1	 	Certain Defined Terms	  	 	1	 
	SECTION 1.2	 	Other Terms	  	 	31	 
	SECTION 1.3	 	Computation of Time Periods	  	 	32	 
			
	ARTICLE II	 	THE LOANS, INTEREST AND SETTLEMENT PROCEDURE	  	 	32	 
			
	SECTION 2.1	 	Lender Commitment	  	 	32	 
	SECTION 2.2	 	Borrowing Procedures	  	 	32	 
	SECTION 2.3	 	Funding	  	 	33	 
	SECTION 2.4	 	Voluntary Termination of Lender Commitment; Reduction of Facility Limit	  	 	33	 
	SECTION 2.5	 	Note	  	 	34	 
	SECTION 2.6	 	Tranches; Interest	  	 	34	 
	SECTION 2.7	 	Payment of Interest, Fees and Other Costs and Expenses; Computation	  	 	34	 
	SECTION 2.8	 	Payment and Prepayment of Loans	  	 	35	 
	SECTION 2.9	 	Payments by the SPV	  	 	35	 
	SECTION 2.10	 	LIBO Rate Protection; Illegality	  	 	36	 
	SECTION 2.11	 	Breach of Representations; Non-Permitted Extension	  	 	37	 
	SECTION 2.12	 	Tax and Insurance Charges	  	 	37	 
	SECTION 2.13	 	Collection Account, Lock-Box Account, Collections	  	 	37	 
	SECTION 2.14	 	Sharing of Payments, Etc	  	 	38	 
	SECTION 2.15	 	Right of Setoff	  	 	38	 
	SECTION 2.16	 	Settlement Procedures	  	 	38	 
	SECTION 2.17	 	Collections Held in Trust	  	 	40	 
			
	ARTICLE III	 	REPRESENTATIONS AND WARRANTIES	  	 	40	 
			
	SECTION 3.1	 	Representations and Warranties of the SPV and the Servicer	  	 	40	 
	SECTION 3.2	 	Additional Representations and Warranties of the Servicer	  	 	47	 
			
	ARTICLE IV	 	CONDITIONS PRECEDENT	  	 	47	 
			
	SECTION 4.1	 	Conditions Precedent to Closing	  	 	47	 
	SECTION 4.2	 	Conditions Precedent to All Loans	  	 	50	 
			
	ARTICLE V	 	COVENANTS	  	 	51	 
			
	SECTION 5.1	 	Affirmative Covenants of the SPV and Servicer	  	 	51	 
	SECTION 5.2	 	Negative Covenants of the SPV and Servicer	  	 	57	 
	SECTION 5.3	 	Hedging Requirements	  	 	58	 

  
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	ARTICLE VI		THE COLLATERAL		 	59	 
			
	SECTION 6.1		Grant of Security		 	59	 
	SECTION 6.2		Rights Under the First Tier Agreement		 	60	 
	SECTION 6.3		Continuing Security Interest		 	60	 
	SECTION 6.4		Priority		 	60	 
	SECTION 6.5		Substitution of Receivables		 	60	 
	SECTION 6.6		Protection of Security Interest of the Secured Parties		 	62	 
	SECTION 6.7		Power of Attorney		 	63	 
	SECTION 6.8		Release of Collateral		 	63	 
	SECTION 6.9		Effect of Release		 	63	 
	SECTION 6.10.		Securitizations		 	64	 
			
	ARTICLE VII		ADMINISTRATION AND COLLECTIONS		 	65	 
			
	SECTION 7.1		Appointment of Servicer; Successor Servicer		 	65	 
	SECTION 7.2		Duties of Servicer		 	67	 
	SECTION 7.3		Lock-Box Accounts		 	69	 
	SECTION 7.4		Enforcement Rights After Termination Event		 	69	 
	SECTION 7.5		Servicer Default		 	70	 
	SECTION 7.6		Servicing Fee		 	72	 
			
	ARTICLE VIII		TERMINATION EVENTS AND AMORTIZATION EVENTS		 	72	 
			
	SECTION 8.1		Termination Events		 	72	 
	SECTION 8.2		Termination		 	74	 
			
	ARTICLE IX		INDEMNIFICATION; EXPENSES; RELATED MATTERS		 	75	 
			
	SECTION 9.1		Indemnities by the SPV		 	75	 
	SECTION 9.2		Indemnity for Taxes, Reserves and Expenses		 	77	 
	SECTION 9.3		Taxes		 	79	 
	SECTION 9.4		Mitigation Obligations		 	80	 
	SECTION 9.5		Other Costs and Expenses; Breakage Costs		 	81	 
	SECTION 9.6		Indemnities by the Servicer		 	82	 
	SECTION 9.7		Contest Rights		 	82	 
			
	ARTICLE X		THE AGENTS		 	82	 
			
	SECTION 10.1		Appointment and Authorization of Agents		 	82	 
	SECTION 10.2		Delegation of Duties		 	83	 
	SECTION 10.3		Liability of Agents		 	83	 
	SECTION 10.4		Reliance by Agents		 	83	 
	SECTION 10.5		Notice of Termination Event, Potential Termination Event or Servicer Default		 	84	 
	SECTION 10.6		Credit Decision; Disclosure of Information by the Agents		 	84	 
	SECTION 10.7		Indemnification of the Agents		 	84	 
	SECTION 10.8		Agent in Individual Capacity		 	85	 

  
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	SECTION 10.9		Resignation of Facility Agent		 	85	 
	SECTION 10.10		Payments by the Agents		 	86	 
	SECTION 10.11		Liquidity Agreement		 	86	 
			
	ARTICLE XI		THE BACKUP SERVICER		 	86	 
			
	SECTION 11.1		Representations of Backup Servicer		 	86	 
	SECTION 11.2		Merger or Consolidation of, or Assumption of the Obligations of Backup Servicer		 	87	 
	SECTION 11.3		Backup Servicer Resignation and Removal		 	87	 
	SECTION 11.4		Obligations of Backup Servicer		 	88	 
	SECTION 11.5		Backup Servicer Compensation		 	88	 
	SECTION 11.6		Duties and Responsibilities		 	89	 
			
	ARTICLE XII		THE CUSTODIAN		 	90	 
			
	SECTION 12.1		Custodian and Custodial Agreement		 	90	 
			
	ARTICLE XIII		MISCELLANEOUS		 	90	 
			
	SECTION 13.1		Term of Agreement		 	90	 
	SECTION 13.2		Waivers; Amendments		 	90	 
	SECTION 13.3		Notices; Payment Information		 	91	 
	SECTION 13.4		Governing Law; Submission to Jurisdiction; Appointment of Service Agent		 	91	 
	SECTION 13.5		Integration		 	92	 
	SECTION 13.6		Severability of Provisions		 	92	 
	SECTION 13.7		Counterparts; Facsimile Delivery		 	92	 
	SECTION 13.8		Successors and Assigns; Binding Effect		 	92	 
	SECTION 13.9		Waiver of Confidentiality		 	95	 
	SECTION 13.10		Confidentiality Agreement		 	95	 
	SECTION 13.11		No Bankruptcy Petition Against Conduit Lender		 	96	 
	SECTION 13.12		No Recourse Against Conduit Lenders, Stockholders, Officers or Directors		 	96	 
	SECTION 13.13		 No Recourse Against Stockholders, Officers, Members or Directors of the SPV, the Originator, the Servicer
		 	97	 

  
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 Schedules 
  

			
	Schedule I		Commitment Amount
	Schedule 3.1(i)		Location of Certain Offices and Records
	Schedule 3.1(s)		List of Lock-Box Banks and Lock-Box Accounts, Collection Account Information
	Schedule 3.1(aa)		Perfection Representations
	Schedule 7.2(c)		Scope of Servicer Audit
	Schedule 13.3		Notice and Payment Information

 Exhibits 
  

			
	Exhibit A		Form of Assignment and Assumption Agreement
	Exhibit B		Form of Contract[s]
	Exhibit C		Credit and Collection Policies and Practices
	Exhibit D		Form of Borrowing Request
	Exhibit E		Form of Compliance Certificate
	Exhibit F		Form of Servicer Report
	Exhibit G		Form of Borrowing Base Certificate
	Exhibit H		Form of Promissory Note
	Exhibit I		Form of Joinder Agreement
	Exhibit J		Form of Notice of Loan Reduction

  
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 LOAN AND ADMINISTRATION AGREEMENT

 This LOAN AND ADMINISTRATION AGREEMENT (as amended,
supplemented otherwise modified and in effect from time to time, this “Agreement”), dated as of June 13, 2011, is entered into by and among CCG RECEIVABLES V, LLC, a Delaware limited liability company (the
“SPV”), COMMERCIAL CREDIT GROUP INC., a Delaware corporation, individually (“CCG”) and as initial Servicer, PORTFOLIO
FINANCIAL SERVICING COMPANY, a Delaware corporation, as Backup Servicer, FAIRWAY FINANCE COMPANY, LLC, a Delaware limited liability company
(“Fairway”), as Lender, together with the other financial institutions as may from time to time become party hereto as Lenders or Administrators, BMO CAPITAL MARKETS CORP., a
Delaware corporation, as the Administrator for Fairway, and BMO CAPITAL MARKETS CORP., a Delaware corporation, as the Facility Agent. 

A. The SPV desires that the Lenders extend financing to the SPV on the terms and subject to the conditions set forth in this Agreement. 

B The Lenders are willing to provide such financing on the terms and subject to the conditions set forth in this Agreement. 

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

 ARTICLE I 

DEFINITIONS 
 SECTION 1.1
Certain Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 
 “Additional
Costs” is defined in Section 9.2(d). 
 “Additional Lender” is defined in Section 13.8(g).

 “Additional Sublease Eligibility Criteria” means, with respect to any Lease Receivable with respect to which the related
Equipment is subject to a sub-lease agreement, each of the following criteria: 
 (i) the sub-lessee is an Affiliate of the Obligor; 

(ii) the Originator has filed a UCC financing statement naming the sub-lessee as debtor and the Originator as secured party evidencing a first
priority security interest in the related Equipment; 
 (iii) an attornment agreement has been obtained by the Originator from the sub-lessee
permitting the Originator to enter the premises of the sub-lessee, to inspect the related Equipment and to foreclose upon the Equipment upon a default by the Obligor under the related Contract regardless of whether the sub-lessee is in default under
the related sub-lease; and 
 (iv) the sub-lease and any sub-lease revenues have been pledged to the Originator as collateral by the related
Obligor for its obligations under the related Contract. 

 “Administrator” means BMO Capital Markets Corp. and any other Person that is an
“administrator” or “agent” for a Conduit Lender. 
 “Adverse Claim” means a lien, security interest,
charge or encumbrance, or other right or claim in, of or on any Person’s assets or properties in favor of any other Person (including any UCC financing statement or any similar instrument filed against such Person’s assets or properties).

 “Affected Assets” means, collectively, (a) the Pool Receivables, (b) the Equipment, (c) the Related
Security, (d) all rights and remedies of the SPV under the First Tier Agreement, together with all financing statements filed by the SPV against the Originator in connection therewith, (e) all rights and remedies of the SPV under the
Hedging Agreements and the other Transaction Documents, (f) all Records, (g) Collections, and (h) all proceeds of the foregoing. 

“Affiliate” means, as to any Person, any other Person which, directly or indirectly, owns, is in control of, is controlled
by, or is under common control with, such Person, in each case whether beneficially, or as a trustee, guardian or other fiduciary. A Person shall be deemed to control another Person if the controlling Person possesses, directly or indirectly, the
power to direct or cause the direction of the management and policies of the other Person, whether through the ownership of voting securities or membership interests, by contract, or otherwise. 

“Agent” means the Facility Agent and each of the Administrators. 

“Agent-Related Persons” means each Agent, together with its Affiliates, and the officers, directors, employees, agents and
attorneys-in-fact of such Persons and their respective Affiliates. 
 “Aggregate Unpaids” means, at any time, an amount
equal to the sum of (a) the aggregate outstanding principal amount of the Loans, (b) all accrued and unpaid interest thereon, and (c) all other amounts payable hereunder and under the other Transaction Documents by the SPV, the
Originator and the Servicer, as applicable, to the Facility Agent, the Administrators, the Lenders, the Backup Servicer, the Custodian and the other Indemnified Parties at such time, including, without limitation, any additional costs including any
hedge breakage costs. 
 “Agreement” is defined in the preamble. 

“Amortization Date” means December 13, 2012, or such later date to which the Amortization Date may be extended in
writing by the SPV, the Facility Agent and each Lender (in its sole discretion upon receipt of credit approval). 
 “Applicable
Law” means for any Person or property of such Person, all applicable laws, rules, regulations (including temporary and final income tax regulations), statutes, treaties, codes, ordinances, permits, certificates, orders and licenses of and
interpretations by any Official Body (including, without limitation, usury laws, Laws relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy, the Federal Truth
in Lending Act, and Regulation Z and Regulation B of the Board of Governors of 

  
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the Federal Reserve System), and applicable judgments, decrees, injunctions, writs, awards, orders, or action of any court, arbitrator or other administrative, judicial, or quasi-judicial
tribunal or agency of competent jurisdiction. 
 “Applicable Margin” has the meaning set forth in the Fee Letter. 

“Assignment and Assumption Agreement” means an Assignment and Assumption Agreement substantially in the form of
Exhibit A. 
 “Assignment Date” means the date of the receipt by the Facility Agent of notice of an assignment
by a Lender of all or any portion of its Commitment pursuant to Section 13.8(b). 
 “Average Delinquency Ratio”
means, as of any Month End Date, the average of the Delinquency Ratios for each of the three most recently completed Settlement Periods including the Settlement Period ending on such Month End Date. 

“Average Loss Ratio” means, as of any Month End Date, the average of the Loss Ratios for each of the three most recently
completed Settlement Periods including the Settlement Period ending on such Month End Date. 
 “Backup Servicer” means
Portfolio Financial Servicing Company, and its successors and assigns in such capacity pursuant to the terms of this Agreement. 

“Backup Servicer Fee” means the periodic fee payable to the Backup Servicer pursuant to the Backup Servicer Fee Letter. 

“Backup Servicer Fee Letter” means the letter agreement providing for the payment of fees to the Backup Servicer as in effect
from time to time between the SPV and the Backup Servicer. 
 “Balloon Receivable” means, at any time, a Pool Receivable
that has a final Scheduled Payment in an amount greater than or equal to fifteen (15%) percent of the Net Book Value of such Pool Receivable calculated as of the date of origination of such Pool Receivable. 

“Bankruptcy Code” means the Bankruptcy Reform Act of 1978, 11 U.S.C. §§ 101 et seq., as amended. 

“Base Rate” means, for any day, a fluctuating rate per annum equal to the highest of (a) the Federal Funds
Rate for such day, plus 0.50%, (b) the LIBOR Quoted Rate for such day plus 1.00%, and (c) the Prime Rate. 

“Borrowing Base” means, at any date of determination, an amount equal to the remainder of: (i) the Net Pool Balance at
such time, minus (ii) the Required Reserves at such time, minus (iii) the Custodial Failure Amount. 

“Borrowing Base Certificate” means, on any day prior to a Termination Event, a certificate, substantially in the form of
Exhibit G, prepared by the Servicer as of a date not more than four (4) Business Days prior to a proposed Borrowing Date or on a Reporting Date. 

  
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 “Borrowing Base Deficit” means an amount equal to the excess (if any) of
(a) the aggregate outstanding principal amount of all the Loans over (b) the Borrowing Base then in effect. 

“Borrowing Date” is defined in Section 2.2(a). 

“Borrowing Request” is defined in Section 2.2(a). 

“Business Day” means any day excluding Saturday, Sunday and (i) any day on which banks in New York, New York, Charlotte,
North Carolina, Toronto, Ontario or Chicago, Illinois are authorized or required by Law to close, (ii) when used with respect to any Loans based on the CP Rate, any day on which commercial paper markets in the United States are not open, and,
(iii) when used with respect to the determination of any LIBO Rate or any notice with respect thereto, any such day which is also a day on which banks are dealing in U.S. Dollar deposits in the interbank eurodollar market in London,
England. 
 “Capitalized Lease” of a Person means any lease of property by such Person as lessee which would be capitalized
on a balance sheet of such Person prepared in accordance with GAAP. 
 “Casualty Payment” means, with respect to any
Equipment, any payment pursuant to a Contract on account of the loss, theft, condemnation, governmental taking, destruction, or damage beyond repair of any item of Equipment subject thereto. 

“CCG” is defined in the preamble. 

“Closing Date” means June 13, 2011. 

“Change of Control” means at any time, (i) CCG shall fail to own 100% of the ownership interest of the SPV, or
(ii) the Majority Shareholder shall (a) cease to directly own and control at least that percentage of the outstanding voting equity interests of CCG necessary at all times to elect a majority of the Board of Directors of CCG or
(b) cease to directly own and control more than fifty percent (50%) of all outstanding voting equity interests of CCG. 

“Code” means the Internal Revenue Code of 1986, as amended or any successor statute thereto, including the regulations
promulgated thereunder. 
 “Collection Account” is defined in Section 2.13. 

“Collection Account Agreement” means the agreement among the Facility Agent, the SPV and the bank at which the Collection
Account is maintained concerning the Collection Account. 
 “Collections” means, with respect to any Pool Receivable, all
funds that (a) are received by the SPV or the Servicer from or on behalf of the related Obligor after the related Cut-Off Date in payment of any amount owed (including purchase price, rentals, principal payments, finance charges, interest and
other charges) in respect of such Pool Receivable, or applied to such other charges in respect of such Pool Receivable in accordance with the Contract from which such 

  
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Pool Receivable arises, or applied to such amounts owed by such Obligor (including Casualty Payments, Maintenance Charges, Insurance Proceeds, Recoveries and Residuals but excluding Excluded
Amounts), (b) are required to be paid to the SPV by the Originator or the Servicer pursuant to any provision of any Transaction Document or (c) are proceeds of any sale, transfer or other disposition of such Pool Receivable by the SPV. All
amounts received by the SPV from any Hedge Counterparty pursuant to any Hedge Agreement will be deemed to be “Collections” for the purpose of this definition. 

“Commercial Paper” means the short-term promissory notes issued or to be issued by a Conduit Lender in the commercial paper
market. 
 “Commitment” means, with respect to each Lender, the dollar amount set forth opposite such Lender’s name on
Schedule I hereto under the heading “Commitment” (as such Schedule may be updated by the SPV from time to time by notice to the Facility Agent and the Administrators), or in the case of a Lender which becomes a party hereto
pursuant to an Assignment and Assumption Agreement, as set forth in such Assignment and Assumption Agreement, minus the dollar amount of any Commitment or portion thereof assigned by such Lender pursuant to an Assignment and Assumption
Agreement or any reductions in such Lender’s Commitment pursuant to Section 2.4 hereof, plus the dollar amount of any increase to such Lender’s Commitment consented to by such Lender prior to the time of determination;
provided, however, that from and after the Amortization Date, the dollar amount of the Commitment of any Lender shall equal the aggregate outstanding principal amount of all the Loans of such Lender outstanding as of the date of
determination, and provided, further, that from and after the Termination Date or the Maturity Date, the dollar amount of the Commitment of any Lender shall equal zero. 

“Concentration Limit Excess” means (i) as of any date of determination occurring during the Ramp-Up Period, the Ramp-Up
Period Concentration Limit Excess, and (ii) as of any date of determination occurring after the Ramp-Up Period, and without duplication, the sum of: 

(a) (i) if an Obligor (including such Obligor’s Affiliates) is one of the Obligors (including Affiliates) with one of the ten
(10) highest aggregate Outstanding Balances of the Eligible Receivables, the amount by which the aggregate Outstanding Balance of the Eligible Receivables relating to such Obligor and its Affiliates exceeds the greater of (A) 3.0% of the
aggregate Outstanding Balance of all Eligible Receivables and (B) $1,500,000, and (ii) for all Obligors other than the top ten (10) Obligors, the amount by which the aggregate Outstanding Balance of the Eligible Receivables relating
to such Obligor and its Affiliates exceeds 1.5% of the aggregate Outstanding Balance of all Eligible Receivables; 
 (b) the amount by which
the aggregate Outstanding Balance of Eligible Receivables relating to Obligors whose chief executive offices are located in (i) the State of Texas exceeds twenty-five (25%) percent of the aggregate Outstanding Balance of all Eligible
Receivables, plus (ii) the State of North Carolina exceeds twenty (20%) percent of the aggregate Outstanding Balance of all Eligible Receivables, plus (iii) the State of Arkansas exceeds twenty (20%) percent of the
aggregate Outstanding Balance of all Eligible Receivables, plus (iv) the State of South Carolina exceeds twenty (20%) percent of the aggregate Outstanding Balance of all Eligible Receivables, plus (v) the State of
Missouri exceeds twenty (20%) percent of the 

  
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aggregate Outstanding Balance of all Eligible Receivables, plus (vi) the State of Illinois exceeds twenty (20%) percent of the aggregate Outstanding Balance of all Eligible
Receivables, plus (vii) the State of Georgia exceeds twenty (20%) percent of the aggregate Outstanding Balance of all Eligible Receivables plus (viii) any one state other than those listed in (i) through
(vii) above exceeds fifteen (15%) percent of the aggregate Outstanding Balance of all Eligible Receivables; 
 (c) the amount by
which the aggregate Outstanding Balance of the Eligible Receivables which allow for Permitted Skips of payments exceeds the greater of: (i) twenty (20.0%) percent of the aggregate Outstanding Balance of all Eligible Receivables and
(ii) $9,000,000; 
 (d) the amount by which the aggregate Outstanding Balance of the Eligible Receivables with respect to which the
stated final payment day is more than 61 months but not more than 85 months from the date of origination under the related Contract exceeds twenty-five (25%) percent of the aggregate Outstanding Balance of all Eligible Receivables,
provided, that the amount by which the aggregate Outstanding Balance of the Eligible Receivables with respect to which the stated final payment day is more than 73 months but not more than 85 months from the date of origination under
the related Contract exceeds ten (10.0%) percent of the aggregate Outstanding Balance of all Eligible Receivables shall, without duplication, be added to the foregoing amount; 

(e) the amount by which the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and such Obligor’s
Affiliates) with the four (4) highest aggregate Outstanding Balances of the Eligible Receivables exceeds twelve (12.0%) percent of the aggregate Outstanding Balance of all Eligible Receivables; 

(f) the amount by which the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and each such Obligor’s
Affiliates) with the ten (10) highest aggregate Outstanding Balances of the Eligible Receivables exceeds twenty-five (25.0%) percent of the aggregate Outstanding Balance of all Eligible Receivables; 

(g) the amount by which the aggregate Outstanding Balance of the Eligible Receivables owed by Obligors with a NAICS Code of 48411 or 48412
(transportation industry) exceeds fifty (50%) percent of the aggregate Outstanding Balance of all Eligible Receivables; 
 (h) the
amount by which the aggregate Outstanding Balance of the Eligible Receivables owed by Obligors with a NAICS Code of 56211 or 56299 (waste industry) exceeds fifty (50%) percent of the aggregate Outstanding Balance of all Eligible Receivables;

 (i) the amount by which the aggregate Outstanding Balance of the Eligible Receivables owed by Obligors with a NAICS Code of 2300, 2371,
2373, 2381, 23812 or 23891 (construction industry) exceeds forty (40%) percent of the aggregate Outstanding Balance of all Eligible Receivables; 

(j) the amount by which the aggregate Outstanding Balance of the Eligible Receivables which are Lease Receivables exceeds the greater of:
(i) fifteen (15.0%) percent of the aggregate Outstanding Balance of all Eligible Receivables and (ii) $7,500,000; 

  
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 (k) the amount by which the aggregate Outstanding Balance of the Eligible Receivables which are
Balloon Receivables exceeds five (5.0%) percent of the aggregate Outstanding Balance of all Eligible Receivables; and 
 (m) the amount
by which the aggregate Outstanding Balance of the Eligible Receivables owed by Obligors which are in an industry other than the construction industry, transportation industry, or waste industry, as generally described by an NAICS Code other than
48411, 48412, 56211, 56299, 2300, 2371, 2373, 2381, 23812 or 23891 exceeds five (5%) percent of the aggregate Outstanding Balance of all Eligible Receivables. 

“Conduit Lender” means Fairway and any other financial institution identified as such on the signature pages hereof or as may
become a party hereto pursuant to a Joinder Agreement executed and delivered in accordance with Section 13.8(g). 

“Contract” means, in relation to any Receivable, any and all of the contracts, instruments, agreements, leases, notes, or
other writings pursuant to which such Receivable arises or which evidence such Receivable or under which an Obligor becomes or is obligated to make payment in respect of such Receivable. 

“Contract Yield” means, with respect to any Receivable, the contract yield reflected on the books and records of the
Originator as the “contract yield” expressed as a per annum percentage which, when applied to the applicable equipment purchase price or the principal amount of the applicable loan amount, is used in calculating the monthly rental
or loan payments payable by the Obligor under such Receivable. 
 “Corporate Service Provider” is defined in
Section 13.13. 
 “CP Rate” means, for any Rate Period for any Tranche and for any Lender, to the extent such
Lender funds such Tranche by issuing Commercial Paper, the per annum rate equivalent to the weighted average cost (as determined by the applicable Administrator and which shall include commissions of placement agents and dealers, incremental
carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by the Conduit Lender and any other costs associated with the issuance of Commercial Paper) of or related to the
issuance of Commercial Paper that are allocated, in whole or in part, by the applicable Administrator (on behalf of the Conduit Lender) to fund or maintain such Tranche (or portion thereof) (and which may be also allocated in part to the funding of
other assets of the Conduit Lender); provided, however, that if any component of such rate is a discount rate, in calculating the “CP Rate” for such Tranche (or portion thereof) for such Rate Period, the applicable
Administrator shall for such component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum; provided, further, that notwithstanding anything in this Agreement or the other
Transaction Documents to the contrary, the SPV agrees that any amounts payable to the Conduit Lender in respect of interest for any Rate Period with respect to any Tranche (or portion thereof) funded by the Conduit Lender at the CP Rate shall
include an amount equal to the portion of the face amount of the outstanding Commercial Paper issued to fund or maintain such Tranche (or portion thereof) that corresponds to the portion of the proceeds of such Commercial Paper that was used to pay
the interest component of maturing Commercial Paper issued to fund or maintain such Tranche (or 

  
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portion thereof), to the extent that the Conduit Lender had not received payments of interest in respect of such interest component prior to the maturity date of such maturing Commercial Paper
(for purposes of the foregoing, the “interest component” of Commercial Paper equals the excess of the face amount thereof over the net proceeds received by the Conduit Lender from the issuance of Commercial Paper, except that if
such Commercial Paper is issued on an interest-bearing basis its “interest component” will equal the amount of interest accruing on such Commercial Paper through maturity). Notwithstanding anything in this definition to the
contrary, the “CP Rate” for any day while a Termination Event exists shall be an interest rate equal to 2.0% per annum above the Base Rate as in effect on such day. 

“Credit and Collection Policy” means, for so long as CCG is the Servicer, the Originator’s credit and collection policy
or policies and practices relating to Contracts and Receivables as in effect on the Closing Date and set forth in Exhibit C, as modified, from time to time, in compliance with Section 5.2(c). Any Successor Servicer hereunder may,
to the extent agreed by all Agents, propose credit and collection policies and practices other than those attached hereto as Exhibit C. 

“Custodial Agreement” means that certain Custodial Agreement dated as of the date hereof among the SPV, the Facility Agent
and the Custodian, as the same may be amended or restated from time to time, and any Custodial Agreements entered into in replacement for such Custodial Agreement. 

“Custodial Failure Amount” means, the aggregate Outstanding Balance of the Eligible Receivables with respect to which
(a) a complete Custodian File has not been delivered to the Custodian within the time period required hereunder, provided that if a complete Custodian File with respect to any such Eligible Receivable is subsequently delivered such Eligible
Receivable shall no longer be included in the calculation of Custodial Failure Amount, (b) a Trust Receipt (as defined in the Custodial Agreement) has not been delivered by the Custodian within the time period required under the Custodial
Agreement, provided that if a Trust Receipt with respect to any such Eligible Receivable is subsequently delivered such Eligible Receivable shall no longer be included in the calculation of Custodial Failure Amount, or (c) an Exceptions Report
(as defined in the Custodial Agreement) has been delivered by the Custodian with respect to such Receivable unless the document listed in such Exceptions Report has been subsequently delivered to the Custodian and the Custodian has acknowledged
receipt of the same; provided, however, in no event shall the Custodial Failure Amount include amounts which have already been deducted from the Borrowing Base due to the failure of a Receivable to be an Eligible Receivable, due to its
inclusion in the Concentration Limit Excess calculation or otherwise. 
 “Custodian” means Portfolio
Financial Servicing Company, and its successors and assigns in such capacity pursuant to the terms of the Custodial Agreement. 

“Custodian Fee” means the periodic fee payable to the Custodian pursuant to the Custodial Agreement. 

“Custodian File” means the custody file pertaining to each Pool Receivable containing any of the following: (A) a fully
executed original of the related Contract (including any related 

  
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promissory notes and any Contracts or promissory notes issued in connection with any assumption, consolidation, extension, modification or waiver of such Pool Receivable), and (B) after the
occurrence of a Termination Event upon the request of the Facility Agent, the original certificate of title to the extent such Equipment is evidenced by a certificate of title. 

“Cut-Off Date” means, with respect to a Pool Receivable, the last day of the calendar month immediately preceding the
transfer of such Pool Receivable to the SPV by the Originator under the First Tier Agreement. 
 “Defaulted Receivable”
means a Pool Receivable: (a) as to which any payment, or part thereof, remains unpaid for 121 days or more from its original scheduled due date; (b) as to which an Obligor Event of Bankruptcy has occurred and is continuing with respect to
the Obligor thereof; (c) which has been identified by the SPV or the Servicer as uncollectible; (d) which, consistent with the Credit and Collection Policy, would be written off as uncollectible, or (e) with respect to which the
Servicer has instituted or commenced any legal action to compel payment of any amounts due in respect of such Pool Receivable, or to foreclose on or recover any collateral securing such Pool Receivable; provided, however, that
(i) any Pool Receivable that becomes a Defaulted Receivable solely under clause (a) above shall cease to be considered a Defaulted Receivable hereunder if (1) all installments then due and owing on the applicable Pool
Receivable are paid in full and, (2) after the payment of such amounts, the applicable Pool Receivable satisfies all of the eligibility criteria set forth in the definition of Eligible Receivable, and provided, further, that
(ii) any Pool Receivable that becomes a Defaulted Receivable solely under clause (b) above shall cease to be considered a Defaulted Receivable hereunder if (1) the Obligor Event of Bankruptcy with respect to the Obligor of such
Pool Receivable is no longer continuing, (2) all installments then due and owing on the applicable Pool Receivable are paid in full, and, (3) after the payment of such amounts, the applicable Pool Receivable satisfies all of the
eligibility criteria set forth in the definition of Eligible Receivable. 
 “Defaulting Lender” is defined in
Section 2.3(c). 
 “Delinquency Ratio” means, with respect to any Settlement Period, calculated as of its Month
End Date, the quotient of (a) the sum of the aggregate Outstanding Balances of all Eligible Receivables that were Delinquent Receivables as of such Month End Date, divided by (b) the sum of the aggregate Outstanding Balances
of all Eligible Receivables as of such Month End Date. For purposes of the foregoing definition, (1) the numerator in the calculation performed pursuant to clause (a) shall include any Replaced Receivable which would have
been a Delinquent Receivable on the applicable Month End Date, even though a Substitute Receivable has been substituted therefor prior to such Month End Date, whether such Replaced Receivable became a Delinquent Receivable before or after the
applicable Substitution Date; and (2) the denominator in the calculation performed pursuant to clause (b) shall also include all such Replaced Receivables which are included in the calculation of the numerator in
clause (a) above pursuant to the foregoing clause (1). 
 “Delinquent Receivable” means, as of any Month
End Date, a Receivable that is not a Defaulted Receivable and with respect to which any Scheduled Payment, or part thereof, remains unpaid for more than 61 days from its original scheduled due date. 

  
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 “Dollar” or “$” means the lawful currency of the United States.

 “EBITDA” means with respect to any fiscal period, CCG’s net earnings (or loss) (without giving effect to any
adjustments related to valuation of any interest rate swaps or similar derivative instruments pursuant to FAS 133 issued by FASB), minus extraordinary gains minus interest income on investments other than loans, leases and conditional
sale contracts entered into or acquired by CCG in its ordinary course of business, plus interest expense, plus income taxes, plus depreciation and amortization for such period, in each case, as determined in accordance with
GAAP. 
 “Eligible Investments” means any one or more of the following obligations or securities denominated and payable
solely in Dollars: 
 (i) direct obligations of or obligations insured or guaranteed by the United States of America; 

(ii) obligations issued or guaranteed by any instrumentality or agency of the United States of America, whether now existing or
hereafter organized, which bear the full faith and credit of the United States of America; 
 (iii) certificates of deposit
issued by a financial institution with its principal place of business in the United States of America having a rating at the time of such investment, of “A-1+” and “P-1” from S&P and Moody’s respectively, but only if
such certificates of deposit are fully insured as to principal by the Federal Deposit Insurance Corporation or the Federal Savings and Loan Insurance Corporation; and 

(iv) money market mutual funds having a rating, at the time of such investment, from S&P and Moody’s in the highest
investment category granted thereby. 
 “Eligible Receivable” means, at any time, a Pool Receivable: 

(a) which was originated by the Originator in the ordinary course of its business (and not through a portfolio acquisition or
brokered channel) and with respect to which all material obligations of the Originator have been performed on or prior to the date on which the related Contract was sold or contributed to the SPV in accordance with the First Tier Agreement; 

(b) which has, under the related Contract, not more than 84 Scheduled Payments; 

(c) which was originated by the Originator in accordance with the Credit and Collection Policy; 

(d) which is secured by a perfected first priority security interest in Equipment which was financed with the extension of
credit described in such Contract and the proceeds thereof and with respect to which all of the Originator’s right, title and interest in any related Equipment has been contributed to the SPV pursuant to the First Tier Agreement; 

  
 -10- 

 (e) which was selected by the Originator for sale to the SPV and which was not
subject to any adverse selection which could reasonably be expected to be materially unfavorable to the SPV or the Lenders; 

(f) which has been sold or contributed to the SPV in accordance with the First Tier Agreement, which does not arise from the
sale or lease of any inventory or Equipment subject to any Adverse Claim (other than Permitted Adverse Claims), and to which the SPV has good and marketable title, free and clear of all Adverse Claims (other than Permitted Adverse Claims). 

(g) the Obligor of which: (i) is an United States resident, (ii) is not an Affiliate or employee of the Originator or
the SPV, and (iii) is not an Official Body; 
 (h) the Obligor of which has been directed to make all payments to a
Lock-Box Account; 
 (i) (A) the Obligor of which is not the Obligor of any other Pool Receivable that is a Defaulted
Receivable, and (B) the Obligor of which is not the obligor of any Receivable owing to the Originator or its Affiliates which if such receivable was a Pool Receivable, would constitute a Defaulted Receivable pursuant to clauses (b), (c),
(d) or (e) of the definition of “Defaulted Receivable”; 
 (j) which, under the related Contract and
Applicable Law, is assignable without the consent of, or notice to, the Obligor thereunder unless such consent has been obtained and is in effect or such notice has been given; 

(k) with respect to which the related Contract is in full force and effect and constitutes the legal, valid and binding
obligation of the related Obligor enforceable against such Obligor in accordance with its terms, subject to the effect of bankruptcy, insolvency, reorganization, preference, fraudulent transfer, moratorium or other similar Laws relating to or
affecting the rights and remedies of creditors or the effect of general principles of equity, whether considered in a proceeding in equity or at law (including the possible unavailability of specific performance or injunctive relief), and is not
subject to any right of rescission, setoff, counterclaim or defense (including the defense of usury) or to any repurchase obligation or return right; 

(l) which is denominated and payable only in U.S. Dollars; 

(m) which is not a Defaulted Receivable, nor, as of the related Cut-Off Date, a Delinquent Receivable; 

(n) which has not been compromised, adjusted or modified (including by the extension of time for payment or the granting of any
discounts, allowances or credits) other than pursuant to Permitted Servicer Adjustments; 

  
 -11- 

 (o) if such Receivable is a Lease Receivable, which is “chattel paper”
within the meaning of the UCC of all applicable jurisdictions; and if such Receivable is not a Lease Receivable, which is an “account”, a “general intangible”, a “chattel paper” or an “instrument” within the
meaning of Article 9 of the UCC of all applicable jurisdictions; 
 (p) which, together with the Contract related thereto,
does not contravene in any material respect any Applicable Laws (including Laws relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) and with respect to which
no part of the Contract related thereto is in violation of any Applicable Law in any material respect; 
 (q) the assignment
of which under the First Tier Agreement by the Originator to the SPV and the grant of a security interest therein and in the other Affected Assets by the SPV to the Facility Agent on behalf of the Lenders hereunder do not violate, conflict or
contravene any Applicable Law or any contractual or other restriction, limitation or encumbrance; 
 (r) with respect to
which the sale, transfer, assignment and conveyance contemplated by the First Tier Agreement are not subject to and will not result in any tax, fee or governmental charge payable by the Originator or the SPV to any Official Body other than transfer
taxes which have been or will be paid by the Originator as due; 
 (s) which under the applicable Contract is payable in
substantially equal consecutive monthly Scheduled Payments (before giving effect to Permitted Servicer Adjustments), other than pursuant to Permitted Skips and Balloon Receivables; 

(t) which is not pre-payable unless the terms of such Contract require all remaining principal plus prepayment penalty be paid
in full at the time of such prepayment; 
 (u) which is a Fixed Rate Receivable; and 

(v) if such Receivable is a Lease Receivable, it will also meet each of the “Lease Receivable Criteria” set forth
herein. 
 “Equipment” means any equipment or other tangible personal property financed or leased by an Obligor pursuant to
a Contract which consists of equipment or other tangible personal property. 
 “ERISA” means the U.S. Employee Retirement
Income Security Act of 1974, as amended, and any regulations promulgated and rulings issued thereunder. 
 “ERISA
Affiliate” means, with respect to any Person, any corporation, limited liability company, partnership, trust, sole proprietorship or trade or business which, together with such Person, is treated as a single employer under
Section 414(b) or (c) of the Code or, with respect to any liability for contributions under Section 302(c) of ERISA, Section 414(m) or Section 414(o) of the Code. 

  
 -12- 

 “Event of Bankruptcy” means, with respect to any Person, (a) that such
Person or any Subsidiary of such Person (i) shall generally not pay its debts as such debts become due or (ii) shall admit in writing its inability to pay its debts generally or (iii) shall make a general assignment for the benefit of
creditors; (b) any proceeding shall be instituted by or against such Person or any Subsidiary of such Person seeking to adjudicate it as bankrupt or insolvent, or seeking liquidation, winding up, reorganization, arrangement, adjustment,
protection, relief or composition of it or its debts under any law relating to bankruptcy, insolvency or reorganization or relief of debtors, or seeking the entry of an order for relief or the appointment of a receiver, trustee or other similar
official for it or any substantial part of its property and, in the case of any such proceeding instituted against such Person or any Subsidiary of such Person, such proceeding has continued undismissed or unstayed for at least sixty (60) days
since its commencement; or (c) such Person or any Subsidiary of such Person shall take any corporate, limited liability company, partnership or other similar appropriate action to authorize any of the actions set forth in the preceding
clauses (a) or (b). 
 “Excess Spread Percentage” means, a percentage equal to the difference of
(a) the Weighted Average Contract Yield of the Pool Receivables less; (b) the Servicing Fee (or such higher rate reflective of the actual rate the Backup Servicer would require to become the Successor Servicer, as such rate appears
in the Backup Servicer Fee Letter as in effect from time to time) less; (c) the Applicable Margin less; (d) the Custodian Fee, less; (e) the Backup Servicer Fee, less; (f) the Weighted Average Swap
Rate as of such date of determination. 
 “Excluded Amounts” means: (i) any payments received from an Obligor in
connection with any late charges, prepayment penalties, application fees, tax processing fees, wire transfer fees, express mail fees, filing fees, delivery fees or document preparation fees, (ii) any indemnity payments made by an Obligor for
the benefit of the obligee under the related Contract, and (iii) any non-rental charges reimbursable to the Servicer in accordance with the Servicer’s customary policies and procedures. For the avoidance of doubt, no principal payments on
a Receivable shall constitute Excluded Amounts. 
 “Excluded Taxes” is defined specified in Section 9.3. 

“Facility Agent” means BMO Capital Markets Corp., in its capacity as facility agent for the Lenders and any successor thereto
appointed pursuant to Article X. 
 “Facility Fees” means the fees payable by the SPV under any Fee Letter. 

“Facility Limit” means the sum of the Commitments of all Lenders. 

“Federal Funds Rate” means, for any day the greater of (i) the rate determined by Bank of Montreal to be the average
(rounded upward, if necessary, to the next higher 1/100 of 1%) of the rates per annum quoted to Bank of Montreal at approximately 10:00 a.m. (Chicago time) (or as soon thereafter as is practicable) on such day (or, if such day is not a Business Day,
on the immediately preceding Business Day) by two or more Federal funds brokers selected by Bank of Montreal for sale to Bank of Montreal at face value of Federal funds in the secondary market in an amount equal or comparable to the principal amount
for which such rate is being determined, and, (ii) if Bank of Montreal is borrowing overnight funds from a Federal Reserve Bank that day, 

  
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the average rate per annum at which such overnight borrowings are made on that day. Each determination of the Federal Funds Rate by Bank of Montreal shall be conclusive and binding on the SPV.

 “Fee Letter” means, collectively, the fee letter dated as of June 13, 2011 among the SPV, Fairway and the
Administrator, and any other fee letter entered into by the SPV, any other Lender and the related Administrator. 
 “Final Payout
Date” means the date, after the Amortization Date or Termination Date, on which the aggregate outstanding principal amount of all the Loans, together with all accrued and unpaid interest thereon, all accrued and unpaid Servicing Fees,
Backup Servicing Fees, Custodian Fees, Facility Fees and all other Aggregate Unpaids have been paid in full in cash. 
 “First Tier
Agreement” means the Sale Agreement dated as of the date hereof between the Originator and the SPV, as amended, supplemented or otherwise modified from time to time. 

“Fixed Rate Receivable” means a Receivable, the Scheduled Payments for which are calculated using a fixed rate of interest,
yield, annual percentage rate or similar term. 
 “GAAP” means generally accepted accounting principles set forth in the
opinions and pronouncements of the Accounting Principles Board of the American Institute of Certified Public Accountants and statements and pronouncements of the Financial Accounting Standards Board or in such other statements by such accounting
profession, in effect from time to time. 
 “Guaranty” means, with respect to any Person, any agreement by which such
Person assumes, guarantees, endorses, contingently agrees to purchase or provide funds for the payment of, or otherwise becomes liable upon, the obligation of any other Person, or agrees to maintain the net worth or working capital or other
financial condition of any other Person or otherwise assures any other creditor of such other Person against loss, including any comfort letter, operating agreement or take-or-pay contract and shall include the contingent liability of such Person in
connection with any application for a letter of credit. 
 “Hedge Breakage Costs” means any amount payable by the SPV in
connection with the early termination of any Hedging Agreement. 
 “Hedge Counterparty” means (a) Bank of Montreal or
(b) any other entity which (i) on the date of entering into any Hedging Agreement (x) is an interest rate swap dealer that has been approved in writing by the Facility Agent (which approval shall not be unreasonably withheld or
delayed) or (y) has (1) a long-term senior unsecured debt rating of not less than “A+” by S&P and not less than “A1” by Moody’s, and (2) a short-term senior unsecured debt rating of not less than
“A-1” by S&P and not less than “P-1” by Moody’s; and (ii) in the Hedging Agreement to which it is a party, (x) consents to the assignment of the SPV’s rights under such Hedging Agreement to the Facility
Agent pursuant to Section 6.1 and (y) agrees that in the event that Moody’s or S&P, as applicable, shall reduce or withdraw its long-term or short-term senior unsecured debt rating described in clause
(b) (i) (y) above, within thirty (30) Business Days of such downgrade or withdrawal, it shall transfer its rights and obligations under each Hedging Agreement to another entity that meets the requirements provided in
clauses (b) (i) and (ii) hereof and which has entered into a Hedging Agreement with the SPV on or prior to the date of such transfer. 

  
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 “Hedge Determination Date” has the meaning specified in
Section 5.3(b). 
 “Hedging Agreement” means each of the interest rate swaps or interest rate caps from time to
time entered into between the SPV and a Hedge Counterparty in respect of the Loans, and which meet the requirements of Section 5.3. Each Hedging Agreement shall consist of a “Master Agreement” in a form published by the
International Swaps and Derivatives Association, Inc., together with a “Schedule” thereto and a confirmation thereunder confirming the specific terms of such hedging arrangement. Each Hedging Agreement shall be approved in writing by the
Facility Agent. 
 “Hedging Report” has the meaning specified in Section 5.3(b). 

“Indebtedness” means, without duplication, with respect to any Person such Person’s (a) obligations for borrowed
money, (b) obligations representing the deferred purchase price of property other than accounts payable arising in the ordinary course of such Person’s business on terms customary in the trade, (c) obligations, whether or not assumed,
secured by liens or payable out of the proceeds or products of property now or hereafter owned or acquired by such Person, (d) obligations which are evidenced by notes, acceptances (including bankers acceptances), or other instruments,
(e) Capitalized Lease obligations, (f) obligations for which such Person is obligated pursuant to a Guaranty, and (g) reimbursement obligations with respect to any letters of credit. 

“Indemnified Amounts” is defined specified in Section 9.1. 

“Indemnified Parties” is defined in Section 9.1. 

“Independent Manager” shall mean a manager of the SPV who (i) shall not have been at the time of such Person’s
appointment or at any time during the preceding five years, and shall not be as long as such Person is a manager of the SPV, (A) a director, officer, employee, partner, shareholder, member, manager or Affiliate of any of the following Persons
(collectively, the “Independent Parties”): Servicer, Originator, or any of their respective Subsidiaries or Affiliates (other than SPV), (B) a supplier to any of the Independent Parties, (C) a Person controlling or under
common control with any partner, shareholder, member, manager, Affiliate or supplier of any of the Independent Parties, or (D) a member of the immediate family of any director, officer, employee, partner, shareholder, member, manager, Affiliate
or supplier of any of the Independent Parties; (ii) has prior experience as an independent manager for a corporation or limited liability company whose charter documents required the unanimous consent of all independent directors or managers
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 (iii) has at least three years of employment experience (unless otherwise agreed to in writing by the Facility Agent) 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. 

  
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 “Insurance Policy” means, with respect to any Receivable, any insurance policy
covering physical damage to or loss of the related Equipment, but solely to the extent such insurance policy relates to such Equipment. 

“Insurance Proceeds” means any amount payable, or any payments made, to the Originator, the Servicer or the SPV under an
Insurance Policy in connection with any Equipment the financing of which gave rise to a Receivable. 
 “Intercreditor
Agreement” means that certain Third Amended and Restated Lockbox Control and Intercreditor Agreement, dated as of March 31, 2010, by and among CCG, Wells Fargo Capital Finance, LLC (in its various capacities), CCG Receivables, LLC, the
Backup Servicer, CCG Receivables II, LLC, CCG Receivables III, LLC, CCG Receivables IV, LLC, CCG Receivables V, LLC, BMO Capital Markets Corp., SunTrust Robinson Humphrey, Inc., Citibank, N.A. and each other person that becomes a joined party
thereto. 
 “Intercreditor Master Agent” means Wells Fargo Capital Finance, LLC, as “Master Agent” under the
Intercreditor Agreement and any successor “Master Agent” appointed pursuant to the terms thereof. 
 “Joinder
Agreement” is defined in Section 13.8(g). 
 “Law” means any law (including common law), constitution,
statute, treaty, regulation, rule, ordinance, order, injunction, writ, decree, judgment or award of any Official Body. 
 “Lease
Receivable” means any Pool Receivable arising under a lease agreement, under which the related Obligor is the lessee and the Originator, immediately prior to the sale of such Receivable and the related Equipment to the SPV pursuant to the
First Tier Agreement, is the lessor. 
 “Lease Receivable Criteria” means, with respect to any Lease Receivable, each of
the following criteria: 
 (a) the related Obligor of such Receivable has made at least one Scheduled Payment under the
related Contract; 
 (b) there is only one manually executed original lease (other than those manually executed originals
that have been marked “COPY” or otherwise legended that they are copies), which original shall have been delivered to the Custodian acting for the SPV; 

(c) the related Contract contains customary and enforceable provisions such that the rights and remedies of the holder or
assignee thereof shall be adequate for realization against the related Equipment; 
 (d) the obligations of the Obligor to
make Scheduled Payments throughout the term of the related Contract is absolute and unconditional, without any right of setoff by such Obligor, and without regard to any event affecting the Equipment subject thereto (including, without limitation,
the obsolescence of such Equipment), or any claim of such 

  
 -16- 

 
Obligor against the SPV, the Originator or the Servicer, or any change in circumstances except to the extent that, in the event of a casualty of any item of Equipment or early termination of the
related Contract, the Obligor is obligated to pay, in lieu of all future Scheduled Payments with respect to such item, an amount which equals the amount required to be prepaid under the related Contract, which amount shall not be less than the
Outstanding Balance of such Lease Receivables; 
 (e) the related Contract provides that the Obligor shall, at the
Obligor’s sole cost and expense and in addition to the Scheduled Payments due for such Receivable, promptly pay all taxes, assessments, license fees, permit fees, registration fees, fines, interest, penalties and all other Official Body charges
(including, without limitation, gross receipts, sales, use, excise, personal property, ad valorem, stamp, documentary and other taxes), whether levied, assessed or imposed on the Obligor, the Originator or otherwise, relating to the Equipment or the
delivery, leasing, operations, ownership, possession, purchase, registration, rental, sales or use of the Equipment during the term of the related Contract; 

(f) the related Contract requires its Obligor to maintain the Equipment in good working order and bear all costs of
maintenance, insuring and operating the Equipment; 
 (g) the related Contract requires its Obligor to maintain an Insurance
Policy covering physical damages to the related Equipment (with the exception of waste containers and roll-off boxes), and such Obligor has in fact obtained such Insurance Policy and has caused such Insurance Policy to name the Originator (and its
assignee) as a loss payee, provided that with respect to any Lease Receivable existing on or prior to the Closing Date, if the related Insurance Policy does not name the assignee of the Originator as a loss payee, the Originator
shall have agreed to forward any payment received under such Insurance Policy to the Servicer as Collections; 
 (h) the
related Contract is not an “operating lease” under GAAP, unless the related Equipment is not Equipment the sale of or perfection of a security interest in which requires a notation on the Equipment’s certificate of title; 

(i) the related Contract is not part of a master lease, unless all of the Receivables arising under such master lease have been
transferred to the SPV under the First Tier Agreement; 
 (j) the related Contract does not permit the subleasing of the
related Equipment, and such Equipment in fact is not subject to any sub-lease agreement unless such sub-lease agreement satisfies the Additional Sublease Eligibility Criteria; 

(k) under the related Contract, the Originator does not have performance obligations; it being understood that covenants of
quiet enjoyment, purchase options, obligations to accept return of the property at end of lease term, and like obligations of a lessor typical of a “triple net” lease shall not be deemed “performance obligations” for purposes of
this clause (k); 

  
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 (l) the related Equipment is not subject to any Adverse Claim (other than a
Permitted Adverse Claim); 
 (m) the related Equipment has not suffered any material loss or damage unless such Equipment has
been restored to its original value at the time of sale of such Receivable by the Originator to the SPV pursuant to the First Tier Agreement, ordinary wear and tear excepted; and 

(n) the initial booked Residual with respect to such Receivable is no more than 20.0% of the original net book value of the
related Equipment. 
 “Lender” means Fairway Finance Company, LLC, and each other financial institution identified as such
on the signature pages hereof, any financial institution that becomes a party to this Agreement as a Lender pursuant to Section 13.8, and any other financial institution that becomes a party to this Agreement as a Lender in connection
with an increase of the Facility Limit pursuant to a Joinder Agreement executed and delivered in accordance with Section 13.8(g). 

“Lender Note” is defined in Section 2.5. 

“LIBO Loan” means any Loan or portion thereof that at the time of determination bears or will bear interest at a rate equal
to the LIBO Rate. 
 “LIBO Rate” means, for any Rate Period for any LIBO Loans, a rate per annum determined by the
applicable Administrator for each Lender pursuant to the following formula: 
  

					
	LIBO Rate		=		 LIBOR

					1 - Eurodollar Reserve Percentage

 “Eurodollar Reserve Percentage” means the maximum reserve percentage, expressed
as a decimal, at which reserves (including, without limitation, any emergency, marginal, special, and supplemental reserves) are imposed by the Board of Governors of the Federal Reserve System (or any successor) on “eurocurrency
liabilities”, as defined in such Board’s Regulation D (or any successor thereto), subject to any amendments of such reserve requirement by such Board or its successor, taking into account any transitional adjustments thereto. For
purposes of this definition, the relevant Loans shall be deemed to be “eurocurrency liabilities” as defined in Regulation D without benefit or credit for any prorations, exemptions or offsets under Regulation D. The Eurodollar
Reserve Percentage shall be adjusted automatically on and as of the effective date of any change in any such reserve percentage. 

“LIBOR” means, for a Rate Period for a borrowing of LIBO Loans, (a) the LIBOR Index Rate for such Rate
Period, if such rate is available, and (b) if the LIBOR Index Rate cannot be determined, the arithmetic average of the rates of interest per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) at which deposits in U.S. Dollars in
immediately available funds are offered to Bank of 

  
 -18- 

 
Montreal at 11:00 a.m. (London, England time) two (2) Business Days before the beginning of such Rate Period by three (3) or more major banks in the interbank eurodollar market selected
by Bank of Montreal for delivery on the first day of and for a period equal to such Rate Period and in an amount equal or comparable to the principal amount of the LIBO Loan scheduled to be made as part of such Borrowing. 

“LIBOR Index Rate” means, for any Rate Period, the rate per annum (rounded upwards, if necessary, to the next
higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a period equal to such Rate Period, which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on the day two (2) Business Days before the
commencement of such Rate Period. 
 “LIBOR01 Page” means the display designated as “LIBOR01
Page” on the Reuters Service (or such other page as may replace the LIBOR01 Page on that service or such other service as may be nominated by the British Bankers’ Association as the information vendor for the purpose of displaying
British Bankers’ Association Interest Settlement Rates for U.S. Dollar deposits). 
 “LIBOR Quoted
Rate” means, for any day, the rate per annum equal to the quotient of (i) the rate per annum (rounded upwards, if necessary, to the next higher one hundred-thousandth of a percentage point) for deposits in U.S. Dollars for a
one-month interest period which appears on the LIBOR01 Page as of 11:00 a.m. (London, England time) on such day (or, if such day is not a Business Day, on the immediately preceding Business Day) divided by (ii) one (1) minus
the Eurodollar Reserve Percentage. 
 “Liquidation Expenses” means, with respect to any Receivable, the aggregate amount of
all out-of-pocket expenses (including, without limitation, reasonable attorney fees and disbursements) reasonably incurred by the Servicer (including amounts paid to any subservicer) in accordance with the Servicer’s customary procedures in
connection with the repossession, refurbishing and disposition of any related Equipment upon or after the expiration or early termination of such Receivable or after such Receivable has become a Defaulted Receivable and other out-of-pocket costs
related to the liquidation of any such Equipment, including the attempted collection of any amount owing pursuant to such Receivable if it is a Defaulted Receivable. 

“Liquidity Agreement” means that certain Amended and Restated Liquidity Asset Purchase Agreement dated as of October 20,
2000 and the Purchase Commitment Agreement and the Asset Interest Schedule related thereto dated as of the date hereof among Fairway, as issuer, BMO Capital Markets Corp., as servicing agent, Bank of Montreal, as liquidity agent for the purchasers,
and the other financial institutions party thereto from time to time as purchasers, and any other liquidity support agreement pursuant to which a Lender has the ability to sell its interest in the Loans in order to support its obligations under such
Lender’s commercial paper program. 

  
 -19- 

 “Liquidity Bank” means Bank of Montreal and any other committed purchaser to a
Lender under a Liquidity Agreement. 
 “Loan” or “Loans” is defined in Section 2.1. 

“Loan Deficit” is defined in Section 2.3(c). 

“Lock-Box Account” means an account maintained by the Servicer at a Lock-Box Bank for the purpose of receiving Collections.

 “Lock-Box Bank” means each of the banks set forth in Schedule 3.1(s), as such Schedule 3.1(s) may be
modified pursuant to Section 3.1(s). 
 “Loss Ratio” means, with respect to any Settlement Period, calculated
as of its Month End Date, the quotient of (a) the product (i) 12.0 times (ii) the Loss Reserve Aged Amount, divided by (b) the aggregate Outstanding Balance of all Pool Receivables as of such Month End Date.

 For purposes of the foregoing definition and the definition of “Loss Reserve Aged Amount” (A) the calculation
performed pursuant to clause (a) and the definitions used therein shall include any Replaced Receivable which has become a Defaulted Receivable during such Settlement Period, even though a Substitute Receivable has been substituted
therefor, whether the date on which such Replaced Receivable became a Defaulted Receivable occurred before or after the applicable Substitution Date; and (B) clause (b) of such calculation shall include all Replaced Receivables and
all Substitute Receivables. The Facility Agent shall have the right to evaluate the accuracy of any estimated recovery assumptions used by the Servicer to calculate the “Loss Reserve Aged Amount” or the “Loss Ratio” in the event
that, as of any date of determination, the Loss Reserve Aged Amount during any rolling three-month period exceeds $500,000. The Facility Agent may require the Servicer to make adjustments thereto, if warranted, based upon values obtained through a
third party appraiser acceptable to the Facility Agent. 
 “Loss Reserve Aged Amount” means, with respect to any Settlement
Period, (i) the aggregate Outstanding Balance of Pool Receivables that became Defaulted Receivables during such Settlement Period minus (ii) the estimated Recoveries with respect to any such Defaulted Receivables, plus
(iii) the aggregate amount of Recoveries realized on any Pool Receivables which became Defaulted Receivables during such Settlement Period or any other Settlement Period in excess of the estimated Recoveries with respect to such Pool
Receivables, and minus (iv) the aggregate amount by which estimated Recoveries with respect to any Pool Receivables which became Defaulted Receivables during such Settlement Period or any other Settlement Period exceeds the actual amount
of Recoveries realized on any such Pool Receivables. 
 “Maintenance Charges” means, with respect to any Receivable, any
amount owing by the Obligor under the related Contract in respect of supplies and/or maintenance services being provided to such Obligor. 

“Majority Lenders” means, at any time, (i) if, at such time, there are one or two Lenders, 100% of the Lenders; or
(ii) if, at such time, there are more than two Lenders, the Lenders which 

  
 -20- 

 
hold Commitments in excess of 66 2/3% of all Commitments (or if the Amortization Date shall have occurred, the Lenders which held Commitments in excess of 66 2/3% of all Commitments on the
Amortization Date), provided that the Commitment of any Defaulting Lender shall be excluded for purposes of making a determination of Majority Lenders. 

“Majority Shareholder” means FCP - CCG Holdings, LLP. 

“Material Adverse Effect” means any event or condition which would have a material adverse effect on (a) the
collectability of the Pool Receivables or (b) the condition (financial or otherwise), businesses or properties of the SPV or (c) the ability of the Servicer to collect the Pool Receivables or perform its other duties and obligations under
Section 7.2 or 7.3. 
 “Material Debt Agreement” means any agreement evidencing Indebtedness of CCG or
any of its Affiliates in excess of $2,500,000. 
 “Maturity Date” means the first (1st) anniversary of the
Amortization Date. 
 “Maximum Leverage Ratio” means, as of the last day of each calendar quarter, beginning
with the calendar quarter ending on March 31, 2011, the ratio of (a) CCG’s Total Senior Indebtedness as of the last day of the relevant calendar quarter to (b) the sum of (i) CCG’s Tangible Net Worth as of the last day
of the relevant calendar quarter and (ii) CCG’s Subordinated Debt as of the last day of the relevant calendar quarter (each determined on a consolidated basis in accordance with GAAP). 

“Minimum EBITDA-to-Interest Expense Ratio” means, as of the last day of each calendar quarter, beginning with the calendar
quarter ending on March 31, 2011, the ratio of CCG’s EBITDA to its interest expense as of the last day of the relevant calendar quarter (determined on a consolidated basis in accordance with GAAP). 

“Month End Date” means the last day of each calendar month. 

“Moody’s” means Moody’s Investors Service, Inc., or any successor that is a nationally recognized statistical
rating organization. 
 “Multiemployer Plan” is defined in Section 4001(a)(3) of ERISA. 

“Net Book Value” means, as of any date of determination, with respect to any Receivable, an amount equal to (i) the
gross amount of all Scheduled Payments due or to become due under the terms of the related Contract which remain unpaid with respect to the applicable Receivable as of the relevant date of determination, minus (ii) any Unearned Income
with respect to the Receivable, as of such date, plus, (iii), in the case of a Lease Receivable, the Residual, if any, related to such Receivable, minus, (iv) the amount of any security deposit related to such Receivable. 

“Net Pool Balance” means, at any time, the remainder of (i) the aggregate Outstanding Balance of the Eligible
Receivables at such time, minus (ii) the Concentration Limit Excess. 
 “Non-Defaulting Lender” is defined in
Section 2.3(c). 

  
 -21- 

 “Non-Default Liquidity Rate” means an interest rate per annum equal to the LIBO
Rate; provided, however, that if (x) the LIBO Rate is unavailable for any reason or (y) for the first three (3) Business Days following the date on which a Conduit Lender shall transfer a Loan to its related Liquidity
Bank pursuant to Section 13.8(b), such interest rate per annum shall equal the Base Rate. 
 “Obligor” means,
as to any receivable, the Person obligated to make payments pursuant to the related Contract. 
 “Obligor Event of
Bankruptcy” means an Event of Bankruptcy with respect to an Obligor. 
 “Official Body” means any government or
political subdivision or any agency, authority, bureau, central bank, commission, department or instrumentality of any such government or political subdivision, or any court, tribunal, grand jury or arbitrator, or any accounting board or authority
(whether or not a part of government) which is responsible for the establishment or interpretation of national or international accounting principles, in each case whether foreign or domestic. 

“Originator” means CCG. 

“Outstanding Balance” means, as of any date of determination, the Net Book Value of each Pool Receivable, in each case as of
such date. 
 “Pension Plan” means an employee pension benefit plan as defined in Section 3(2) of ERISA, which is
subject to Title IV of ERISA (other than a Multiemployer Plan) and to which the Originator, the SPV or an ERISA Affiliate of either may have any liability, including any liability by reason of having been a substantial employer within the meaning of
Section 4063 of ERISA or by reason of being deemed to be a contributing sponsor under Section 4069 of ERISA. 

“Perfection Representations” means the representations, warranties and covenants set forth in Schedule 3.1(aa) of this
Agreement. 
 “Permitted Adverse Claims” means (i) the Adverse Claims created hereunder and under any other
Transaction Documents; (ii) Adverse Claims for taxes not yet delinquent or being contested in good faith by appropriate proceedings for which adequate reserves determined in accordance with GAAP have been established (and as to which the
property subject to such Adverse Claim is not yet subject to a material risk of imminent foreclosure, sale or loss on account thereof); (iii) only with respect to Equipment, Adverse Claims imposed by Law arising in the ordinary course of
business such as materialmen’s, mechanics’, warehousemen’s and other and other similar liens arising in the ordinary course of business that secure payment of obligations not more than 60 days past due or that are being contested in
good faith and as to which adequate reserves have been provided in accordance with GAAP (and as to which the property subject to such Adverse Claim is not yet subject to a material risk of imminent foreclosure, sale or loss on account thereof), and
(iv) the right of use and quiet enjoyment of the Obligor as lessee under any Contract in respect of the related Equipment. 

  
 -22- 

 “Permitted Servicer Adjustment” means, with respect to any Receivable, any
amendment, adjustment, modification or extension made by the Servicer with respect to the date of any Scheduled Payment of such Receivable or any reduction of the interest rate or reduction of the amount of any Scheduled Payment of such Receivable,
if each of the following conditions is satisfied: (a) no payment date for any Scheduled Payment in respect of such Receivable has been extended by more than four (4) calendar months beyond the originally scheduled payment date in respect
of such Scheduled Payment; (b) Scheduled Payments in respect of such Receivable have not been extended on more than two occasions; (c) any such amendment, adjustment, modification or extension shall be performed in accordance with the
Credit and Collection Policy, and (d) such amendment, adjustment, modification or extension shall not result in a reduction of the aggregate amount of principal to be paid on such Receivable or a reduction of the Net Book Value of such
Receivable. 
 “Permitted Skip” means, with respect to any Receivable (prior to giving effect to Permitted Servicer
Adjustments), a period not to exceed four (4) calendar months during any twelve (12) consecutive month period in which the Scheduled Payments due in respect of such Receivable under the terms of the applicable Contract are zero;
provided, that the sum of Scheduled Payments made throughout the twelve (12) month period shall at least equal the same total amount of Scheduled Payments over the same period had no Permitted Skips been made with respect to such
Receivable. 
 “Permitted Term Securitization Transaction” means any non-revolving financing transaction
undertaken by the SPV or an Affiliate of the SPV that is secured, directly or indirectly, by the Affected Assets or any substantial portion thereof released from the lien of this Agreement, including any sale, lease, whole loan sale, asset
securitization, secured loan or other transfer. 
 “Person” means an individual, partnership, limited liability company,
corporation, joint stock company, trust (including a business trust), unincorporated association, joint venture, firm, enterprise, Official Body or any other entity. 

“PFSC” means Portfolio Financial Servicing Company, a Delaware corporation. 

“Pool Receivable” means each Receivable that (a) has been or is contemporaneously therewith being sold, contributed or
otherwise transferred by the Originator to the SPV under the First Tier Agreement and (b) has not been re-transferred by the SPV to the Originator or an Affiliate thereof. 

“Potential Termination Event” means an event which but for the lapse of time or the giving of notice, or both, would
constitute a Termination Event. 
 “Prime Rate” means, for any day, the rate of interest most recently announced by Bank of
Montreal for U.S. dollar loans to borrowers located in the United States from time to time, as in effect on such day, with any change in the Prime Rate resulting from a change in said prime commercial rate to be effective as of the date of the
relevant change in said prime commercial rate (it being acknowledged and agreed that such rate may not be Bank of Montreal’s best or lowest rate). 

  
 -23- 

 “Program Support Agreement” means and includes any agreement entered into by any
Program Support Provider providing for the issuance of one or more letters of credit for the account of a Conduit Lender, the issuance of one or more surety bonds for which such Conduit Lender is obligated to reimburse the applicable Program Support
Provider for any drawings thereunder, the sale by such Conduit Lender to any Program Support Provider of its interest in the Loans (or portions thereof or participations therein) and/or the making of loans and/or other extensions of credit to such
Conduit Lender in connection with such Conduit Lender’s commercial paper program, including, without limitation, the Liquidity Agreement, together with any letter of credit, surety bond or other instrument issued thereunder. 

“Program Support Provider” means and includes any Person now or hereafter extending credit or having a commitment to extend
credit to or for the account of, or to make purchases from, a Conduit Lender or issuing a letter of credit, surety bond or other instrument to support any obligations arising under or in connection with such Conduit Lender’s commercial paper
program, including, without limitation, any Liquidity Bank. 
 “Projected Loan Amount” has the meaning specified in
Section 5.3(b). 
 “Purchase Date” means the date on which any Receivable or Equipment is sold or contributed
by the Originator to the SPV under the First Tier Agreement. 
 “Ramp-Up Period” means the period ending on the earlier of
(i) the date five (5) calendar months from the Closing Date and (ii) the date on which the aggregate outstanding principal amount of the Loans made hereunder is greater than or equal to $50,000,000. 

“Ramp-Up Period Concentration Limit Excess” means, as of any date of determination occurring during the Ramp-Up Period, and
without duplication, the sum of the amount by which (i) the aggregate Outstanding Balance of the Eligible Receivables relating to any one Obligor and its Affiliates exceeds (ii) the Ramp-Up Period Concentration Percentage applicable to
such Obligor (if any) of the aggregate Outstanding Balance of all Eligible Receivables. 
 “Ramp-Up Period Concentration
Percentage” means, as of any date of determination occurring during the Ramp-Up Period, a percentage determined in accordance with the following schedule: 
  

													
	 AGGREGATE OUTSTANDING BALANCE OF POOL
RECEIVABLES
	  	RAMP-UP 
PERIOD
CONCENTRATION
PERCENTAGE FOR
NEXT
LARGEST*-9TH LARGEST
OBLIGORS SHALL 
BE EQUAL
TO OR LESS THAN:	 	 	RAMP-UP 
PERIOD
CONCENTRATION
PERCENTAGE FOR 10TH-
14TH 
LARGEST OBLIGORS
SHALL BE EQUAL TO OR
LESS THAN:	 	 	RAMP-UP 
PERIOD
CONCENTRATION
PERCENTAGE FOR ALL
OTHER OBLIGORS
SHALL BE EQUAL
TO
OR LESS THAN:	 
				
	 Less than $50,000,000, but greater than or equal to $36,000,000
	  	 	2.25	% 	 	 	2.00	% 	 	 	1.50	% 
				
	 Less than $36,000,000, but greater than or equal to $24,000,000
	  	 	2.50	% 	 	 	2.25	% 	 	 	1.75	% 
				
	 Less than $24,000,000, but greater than or equal to $12,000,000
	  	 	2.75	% 	 	 	2.50	% 	 	 	2.00	% 
				
	 Less than $12,000,000
	  	 	N/A	  	 	 	N/A	  	 	 	N/A	  

  

	*	Note: As used in the second column of this table, the term “next largest” Obligor shall mean the Obligor with the next highest aggregate Outstanding Balance of Eligible Receivables which is not included in
clause (a) of the applicable calculation of the Ramp-Up Period Dynamic Credit Enhancement Percentage set forth in table set forth in the definition of “Ramp-Up Period Dynamic Credit Enhancement Percentage.” For example, if the
aggregate Outstanding Balance of Pool Receivables is less than $50,000,000 but greater than or equal to $48,000,000, the “next largest” Obligor for purposes of this definition would be the Obligor with the 5th highest aggregate Outstanding
Balance of Eligible Receivables as the Obligors with the four highest aggregate Outstanding Balances of Eligible Receivables are included in the calculation of clause (a) of such definition. 

  
 -24- 

 “Ramp-Up Period Dynamic Credit Enhancement Percentage” means solely during the
Ramp-Up Period, a percentage determined in accordance with the following schedule: 
  

			
	 AGGREGATE OUTSTANDING
BALANCE OF
POOL
 RECEIVABLES
	  	 RAMP-UP PERIOD DYNAMIC
CREDIT ENHANCEMENT PERCENTAGE SHALL BE EQUAL TO:

		
	Less than $50,000,000, but greater than or equal to $48,000,000	  	The percentage obtained by dividing (a) the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and such Obligor’s Subsidiaries) with the four (4) highest aggregate Outstanding Balances of the
Eligible Receivables, by (b) the aggregate Outstanding Balance of all Eligible Receivables.
		
	Less than $48,000,000, but greater than or equal to $36,000,000	  	The percentage obtained by dividing (a) the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and such Obligor’s Subsidiaries) with the four (4) highest aggregate Outstanding Balances of the
Eligible Receivables, by (b) the aggregate Outstanding Balance of all Eligible Receivables.
		
	Less than $36,000,000, but greater than or equal to $24,000,000	  	The percentage obtained by dividing (a) the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and such Obligor’s Subsidiaries) with the five (5) highest aggregate Outstanding Balances of the
Eligible Receivables, by (b) the aggregate Outstanding Balance of all Eligible Receivables.
		
	Less than $24,000,000, but greater than or equal to $12,000,000	  	The percentage obtained by dividing (a) the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and such Obligor’s Subsidiaries) with the six (6) highest aggregate Outstanding Balances of the
Eligible Receivables, by (b) the aggregate Outstanding Balance of all Eligible Receivables.
		
	Less than $12,000,000	  	The percentage obtained by dividing (a) the aggregate Outstanding Balance of the Eligible Receivables owed by the Obligors (and such Obligor’s Subsidiaries) with the seven (7) highest aggregate Outstanding Balances of the
Eligible Receivables, by (b) the aggregate Outstanding Balance of all Eligible Receivables.

 “Rate Period” means, with respect to any Tranche and at any time, the funding period then in
effect with respect to such Tranche determined in accordance with Section 2.6; provided, that: 
 (i) each
Rate Period with respect to any Tranche which bears interest at the CP Rate, the Federal Funds Rate, or the Prime Rate shall be a Settlement Period; provided, however, that notwithstanding the foregoing, the first such Rate Period with
respect to any Tranche which bears interest at the CP Rate, the Federal Funds Rate, or the Prime Rate shall be the period from and including the related Borrowing Date to and including the last day of the Settlement Period in which such Borrowing
Date occurs; and 

  
 -25- 

 (ii) each Rate Period with respect to any Tranche which bears interest at the
LIBO Rate shall be the period from and including the last occurring Settlement Date to but excluding the next occurring Settlement Date; provided, however, that notwithstanding the foregoing, the first such Rate Period with respect to
any Tranche which bears interest at the LIBO Rate shall be the period from and including the related Borrowing Date to but excluding the next Settlement Date following such Borrowing Date; and 

(iii) in the case of any Rate Period for any Tranche which commences before a Termination Event and would otherwise end on a
date occurring after a Termination Event, such Rate Period shall end on a Termination Event and the duration of each Rate Period which commences on or after a Termination Event shall be of such duration as shall be selected by the Facility Agent.

 “Rate Type” means the Non-Default Liquidity Rate, the Base Rate or the CP Rate. 

“Receivable” means any and all indebtedness and other obligations which is owed by any Obligor to the Originator (prior to
giving effect to any transfer under the First Tier Agreement) under a Contract and outstanding after the related Cut-Off Date or any right of the Originator or the SPV to payment from or on behalf of an Obligor after the related Cut-Off Date arising
in connection with the making of loans or the sale or lease of goods or the rendering of services by the Originator, and includes the obligation to pay any finance charges, fees and other charges with respect thereto. The term “Receivable”
shall not include any Excluded Amounts. 
 “Recipient” is defined in Section 2.14. 

“Records” means all Contracts and other documents, purchase orders, invoices, agreements, books, records and any other media,
materials or devices for the storage of information (including tapes, disks, punch cards, computer programs and databases and related property) maintained by the SPV, the Originator or the Servicer with respect to the Receivables and with respect to
other Affected Assets or the Obligors to the extent relating to the Receivables. 
 “Recoveries” means, with respect to a
Defaulted Receivable, proceeds from the sale, lease, re-lease or refinancing of the related Equipment, proceeds of any related Insurance Policy (net of Liquidation Expenses and amounts, if any, so received that are required to be refunded to the
Obligor on such Defaulted Receivable), and any other recoveries with respect to such Defaulted Receivable and the related Equipment and other related property. 

“Related Security” means, with respect to any Pool Receivable, all of the Originator’s (without giving effect to any
transfer under the First Tier Agreement) or the SPV’s rights, title and interest in, to and under: 
 (a) the Equipment and any other
property securing the Obligor’s obligations under any Receivable, and any guarantees or similar credit enhancement for the Obligor’s obligations 

  
 -26- 

 
under such Receivable, including, without limitation, (i) all rights of the Originator in any security deposits, (ii) all UCC financing statements or other filings relating thereto,
(iii) all rights and remedies against any vendor (including the Originator) of the Equipment and (iv) all Insurance Policies; 

(b) all other security interests or liens, if any, purporting to secure payment of such Receivable, whether pursuant to the Contract related
to such Receivable or otherwise, together with all financing statements and other filings signed by an Obligor relating thereto; 
 (c) the
Contract and all guarantees, indemnities, warranties, insurance (and proceeds and premium refunds thereof) or other agreements or arrangements of any kind from time to time supporting or securing payment of such Receivable, whether pursuant to the
Contract related to such Receivable or otherwise; 
 (d) all Records related to such Receivable; and 

(e) all Collections on and other proceeds of any of the foregoing. 

“Replaced Receivable” has the meaning set forth in Section 6.5 hereof. 

“Reporting Date” means (i) prior to the occurrence of a Termination Event, the second Business Day occurring prior to
each Settlement Date, and (ii) after the occurrence of a Termination Event, each additional Business Day designated as such by the Facility Agent. 

“Required Credit Enhancement Percentage” means at any time, the greater of: (a) 15.0% and (b) a number expressed as
a percentage equal to the product of (i) the Loss Ratio, times (ii) the Weighted Average Life of all Pool Receivables at such time, times (iii) 4.0, provided, however, that if at any time the
Excess Spread Percentage is less than 1.50%, the percentage set forth in clause (a) above shall be equal to 17.0%. Notwithstanding the foregoing, solely during the Ramp-Up Period, clause (b) above shall be equal to the
Ramp-Up Period Dynamic Credit Enhancement Percentage. 
 “Required Reserves” means, at any time, an amount equal to the
product of the Required Credit Enhancement Percentage times the Net Pool Balance at such date. 
 “Residual” means,
with respect to any Receivable, the residual value set forth in the related Contract and set forth in the SPV’s books and records; provided, however, that upon the sale or disposition of the Equipment related such Receivable, the
“Residual” with respect to such Receivable shall mean the proceeds of any sale or disposition of the Equipment related such Receivable. 

“Responsible Officer” means, with respect to the SPV, the Originator or the Servicer (for so long as the Servicer is CCG),
Paul Bottiglio, Roger Gebhart, Daniel McDonough or Rebecca Sabo. 
 “Restricted Payments” is defined in
Section 5.2(i). 

  
 -27- 

 “Revolving Period” means, with respect to Fairway, the period beginning on the
Closing Date and ending on the earlier to occur of the Amortization Date or the Termination Date and with respect to any other Lender, the period beginning on the date such Lender becomes a party to this Agreement and ending on the earlier to occur
of the Amortization Date or the Termination Date. 
 “S&P” means Standard & Poor’s Ratings Services, a
division of The McGraw-Hill Companies, Inc., or any successor that is a nationally recognized statistical rating organization. 

“Scheduled Notional Amount” has the meaning specified in Section 5.3(b). 

“Scheduled Payment” means, with respect to any Receivable, each periodic monthly installment of rent or principal and
interest payable by an Obligor to the Originator (or its assigns) pursuant to the related Contract; excluding, however, Casualty Payments, Maintenance Charges, payments in respect of the Residuals, the prepayments of rent required or
otherwise made pursuant to the terms of the related Contract, and the supplemental or additional payments required by the terms of the related Contract or otherwise made with respect to taxes, license fees, insurance and other specific charges. 

“Secured Parties” means, collectively, the Lenders, each Agent, the Backup Servicer, the Custodian, the Hedge Counterparties,
and each other Indemnified Party. 
 “Securitization” is defined in Section 6.10(a). 

“Securitization Date” means any Business Day during the Revolving Period, provided fifteen
(15) days written notice is given in accordance with Section 6.10(a). 
 “Senior Obligations” has the
meaning set forth in the First Tier Agreement. 
 “Servicer” is defined in Section 7.1. 

“Servicer Default” is defined in Section 7.5. 

“Servicer File” means the file pertaining to each Pool Receivable containing, without limitation, any of the following:
(A) copies of any guaranties, security agreements or similar agreements obtained in connection with the Contract, (B) a certificate of insurance, proof of insurance or copies of a force-place insurance policy covering the related
Equipment, if any, and (C) copies of such documents, if any, that the Servicer keeps on file indicating ownership of the Equipment and the SPV’s interests therein, including without limitation the bill of sale, proof of ownership, copies
of any financing statements filed against an Obligor, any UCC terminations, UCC partial releases, lien release letters, no security interest letters or subordination agreements. 

“Servicer Report” means a report, in substantially the form attached hereto as Exhibit F or in such other form as is
mutually agreed to by the SPV, the Servicer and the Facility Agent, furnished by the Servicer pursuant to Section 5.1(a)(xiv). 

  
 -28- 

 “Servicing Fee” means, as of any Settlement Date, the fees payable to the
Servicer from Collections, in an amount for each day equal to the product of: (i) the Servicing Fee Rate, times (ii) the aggregate of the Outstanding Balances of all Pool Receivables as of the preceding Month End Date, times
(iii) 1/365, times (iv) the number of days elapsed in the preceding Settlement Period. The Servicing Fee shall be payable in arrears on each Settlement Date from the Collections pursuant to, and subject to the priority of payments
set forth in, Section 2.16. 
 “Servicing Fee Rate” means (i) if the Servicer is CCG or any of the
Affiliates of CCG, 0.50%, (ii) if the Successor Servicer is the Backup Servicer, the rate set forth in the Backup Servicer Fee Letter, and (iii) except as set forth in clause (ii), if the Servicer is not CCG or any of the Affiliates of
CCG, a rate to be determined by such Person and the Facility Agent in accordance with Section 7.6. 
 “Settlement
Date” means, with respect to each Settlement Period, (i) prior to the existence of a Termination Event, the 12th day of the calendar month following such Settlement Period, or if
such day is not a Business Day, the first Business Day thereafter and (ii) after the occurrence of a Termination Event, each additional Business Day designated as such by the Facility Agent. 

“Settlement Period” means: 

(a) the period from the Closing Date to the first Month End Date thereafter; and 

(b) thereafter, each subsequent calendar month. 

“SPV” is defined in the preamble. 

“Sub-Servicer” is defined in Section 7.1(d). 

“Successor Servicer” is defined in Section 7.1(a). 

“Subordinated Debt” means indebtedness of CCG and its Affiliates which is subordinated in right of payment to
the prior payment of the indebtedness of CCG and its Affiliates. 
 “Subsidiary” means, with respect to any Person, any
corporation, limited liability company, or other Person (a) of which securities or other ownership interests having ordinary voting power to elect a majority of the board of directors or other Persons performing similar functions are at the
time directly or indirectly owned by such Person or (b) that is directly or indirectly controlled by such Person within the meaning of control under Section 15 of the Securities Act of 1933, as amended. 

“Substitute Receivable” has the meaning set forth in Section 6.5 hereof. 

“Substitution Date” has the meaning set forth in Section 6.5 hereof. 

  
 -29- 

 “Swap Rate” means, as of any date of determination and with respect to any
Hedging Agreement, the fixed rate that is payable to the Hedge Counterparty with respect to such Hedging Agreement between the SPV and the Hedge Counterparty. 

“Tangible Net Worth” means, with respect to CCG, the amount calculated in accordance with GAAP (but without giving effect to
any adjustments related to the valuation of any interest rate swaps or similar derivative instruments required pursuant to the Statement of Financial Accounting Standards No. 133 issued by the Financial Accounting Standards Board) as
(i) the consolidated net worth of such Person and its consolidated Subsidiaries, minus (ii) the amount of prepaid expenses (if any), minus (iii) any amounts attributable to the consolidated intangibles of such Person and its
consolidated Subsidiaries, including, without limitation, goodwill, trademarks, tradenames, copyrights, patents, patent allocations, licenses and rights in any of the foregoing and other items treated as intangibles in accordance with GAAP, plus
(iv) the principal amount of any Subordinated Debt. 
 “Tax and Insurance Charges” means any taxes and fees or other
charges imposed by any Governmental Authority on any Contract or the related Equipment and any charges related to protection for damage or other loss to any Equipment related to the Contract. 

“Taxes” shall have the meaning specified in Section 9.3. 

“Termination Date” means the earlier of: (a) the date upon which a Termination Date occurs pursuant to
Section 8.2, and (b) the Business Day designated by the SPV to the Facility Agent as the Termination Date pursuant to Section 2.4 to the extent the Commitment was terminated in whole. 

“Termination Event” is defined in Section 8.1. 

“Total Senior Indebtedness” means the aggregate outstanding principal amount of all Indebtedness of CCG and its Affiliates,
other than the outstanding principal amount of any Subordinated Debt. 
 “Tranche” is defined in
Section 2.6(a). 
 “Transaction Costs” is defined in Section 9.5(a). 

“Transaction Documents” means, collectively, this Agreement, the First Tier Agreement, the Fee Letters, the Backup Servicer
Fee Letter, the Custodial Agreement, the Hedging Agreements, the Intercreditor Agreement, the Collection Account Agreement, the Lender Note and all of the other instruments, documents and other agreements executed and delivered by the Servicer, the
Originator, the Backup Servicer, the Custodian or the SPV in connection with any of the foregoing. 
 “UCC” means the
Uniform Commercial Code as in effect in the applicable jurisdiction or jurisdictions. 
 “Unearned Income” means, with
respect to any Pool Receivable as of any date of determination, the gross amount of any interest, rental or other income (to the extent that such 

  
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other income is reflected on SPV’s books as unearned income) due and payable by the relevant Obligor under the terms of such Pool Receivable (or received in respect of the Pool Receivable)
to the extent that such income has not been received by SPV or Servicer as of the relevant date of determination. 
 “U.S.”
or “United States” means the United States of America. 
 “Weighted Average Contract Yield” means, as of
any date of determination, the rate determined by calculating the weighted average of the Contract Yields for each Eligible Receivable in the Receivables Pool at such time (weighted by the outstanding principal amount and scheduled amortization of
such Pool Receivables). 
 “Weighted Average Life” means, as of any determination date, (i) the quotient obtained by
dividing (A) the sum of the amounts calculated for each month (beginning with the month in which such determination is being made and ending with the month in which the last principal payment is scheduled to be received with respect to the Pool
Receivables), which amount for each such month shall be equal to the product of (x) the scheduled reduction in Net Book Value for such month, multiplied by (y) the number of months that such month occurs from such determination date by
(B) the aggregate Outstanding Balance of Pool Receivables as of such determination date, divided by (ii) 12. 
 “Weighted
Average Swap Rate” means, as of any date of determination, the actual weighted average of the Swap Rates on the Hedging Agreements entered into by the SPV based on the Scheduled Notional Amount of each such Hedging Agreement. 

SECTION 1.2 Other Terms. All terms defined directly or by incorporation herein shall have the defined meanings when used in any
certificate or other document delivered pursuant thereto unless otherwise defined therein. For purposes of this Agreement and all such certificates and other documents, unless the context otherwise requires: (a) accounting terms not otherwise
defined herein, and accounting terms partly defined herein to the extent not defined, shall have the respective meanings given to them under, and shall be construed in accordance with, GAAP; (b) terms used in Article 9 of the UCC in the State
of New York, and not specifically defined herein, are used herein as defined in such Article 9; (c) references to any amount as on deposit or outstanding on any particular date means such amount at the close of business on such day;
(d) the words “hereof,” “herein” and “hereunder” and words of similar import refer to this Agreement (or the certificate or other document in which they are used) as a whole and not to any particular provision of
this Agreement (or such certificate or document); (e) references to any Section, Schedule or Exhibit are references to Sections, Schedules and Exhibits in or to this Agreement (or the certificate or other document in which the reference is
made) and references to any paragraph, subsection, clause or other subdivision within any Section or definition refer to such paragraph, subsection, clause or other subdivision of such Section or definition; (f) the term “including”
means “including without limitation”; (g) references to any Law refer to that Law as amended from time to time and include any successor Law; (h) references to any agreement refer to that agreement as from time to time amended or
supplemented or as the terms of such agreement are waived or modified in accordance with its terms; (i) references to any Person include that Person’s successors and permitted assigns; and (j) headings are for purposes of reference
only and shall not otherwise affect the meaning or interpretation of any provision hereof. 

  
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 SECTION 1.3 Computation of Time Periods. Unless otherwise stated in this Agreement, in the
computation of a period of time from a specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” each means “to but excluding”, and the word
“within” means “from and excluding a specified date and to and including a later specified date.” 
 ARTICLE II

 THE LOANS, INTEREST AND SETTLEMENT PROCEDURE 

SECTION 2.1 Lender Commitment. On the terms and subject to the conditions set forth in this Agreement, each Lender agrees to make loans
to the SPV (each, a “Loan”, and collectively, the “Loans”) on a revolving basis from time to time before the earlier to occur of the Amortization Date and the Termination Date for such Lender in such amounts as may
be from time to time requested by the SPV pursuant to Section 2.2; provided that: 
 (a) the aggregate outstanding
principal amount of the Loans for any Lender shall not at any time exceed such Lender’s Commitment; 
 (b) the aggregate outstanding
principal amount of the Loans for all Lenders shall not at any time exceed the Facility Limit; and 
 (c) the aggregate outstanding
principal amount of the Loans for all Lenders on any Borrowing Date, after giving effect to the Loans to be made on such Borrowing Date, shall not exceed the Borrowing Base, as shown in the Borrowing Base Certificate which is delivered by the SPV to
the Facility Agent in connection with such proposed Loans. 
 Subject to the foregoing, the SPV may borrow, prepay and reborrow the Loans
hereunder. 
 SECTION 2.2 Borrowing Procedures. 

(a) The SPV (or the Servicer on its behalf) shall request a Loan hereunder by submitting to each Administrator by 12:00 noon (Chicago,
Illinois time) a written notice, substantially in the form of Exhibit D (each, a “Borrowing Request”) at least two (2) Business Days prior to the date of the proposed Loan (each, a “Borrowing Date”) (or
such lesser period of time as such Administrator may consent). With respect to any Conduit Lender, the SPV (or the Servicer on its behalf) may only request a Loan which bears interest at a rate equal to the CP Rate plus the Applicable Margin unless
the Administrator of such Conduit Lender consents in writing to a Loan bearing interest at any other Rate Type. If such Conduit Lender does not fund a Loan that bears interest at a rate equal to the CP Rate plus the Applicable Margin, such Conduit
Lender shall fund such Loan through a Liquidity Bank pursuant to a Liquidity Agreement at (i) the Non-Default Liquidity Rate plus (ii) the Applicable Margin. Notwithstanding anything contained herein to the contrary, no Conduit Lender
shall be required to fund any Loan through the issuance of Commercial Paper. 

  
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 (b) Each Borrowing Request shall: (A) specify (i) the desired amount of the requested
Loan and (ii) the desired Borrowing Date (which shall be a Business Day) and (B) confirm, by delivery of a Borrowing Base Certificate, that, after giving effect to the proposed Loan, there will be no Borrowing Base Deficit as contemplated
in Section 2.1(c). Any Borrowing Request given by the SPV (or the Servicer on its behalf) pursuant to this Section 2.2 shall be irrevocable and binding on the SPV. 

SECTION 2.3 Funding. 

(a) Subject to the satisfaction of the conditions precedent set forth in Article IV with respect to such Loan and the limitations set
forth in Section 2.1, each Lender shall make the proceeds of such requested Loan available to the SPV in same day funds on the proposed Borrowing Date to the SPV’s account designated by the SPV in writing. Each borrowing shall be in
an amount of at least $1,000,000. 
 (b) [Reserved] 

(c) Defaulting Lenders. If, by 2:00 p.m. (Chicago, Illinois time) on any Borrowing Date or Assignment Date, as applicable, whether or
not the Facility Agent has advanced the amount of the applicable Loans, one or more Lenders (each, a “Defaulting Lender”, and each Lender other than any Defaulting Lender being referred to as a “Non-Defaulting
Lender”) fails to make any Loans available to the Facility Agent pursuant to Section 2.3(a) (the aggregate amount not so made available to the Facility Agent being herein called the “Loan Deficit”), then the
Facility Agent shall, by no later than 2:30 p.m. (Chicago, Illinois time) on such day, instruct each Non-Defaulting Lender to pay, by no later than 3:00 p.m. (Chicago, Illinois time), in immediately available funds, to the account designated
by the Facility Agent, an amount equal to the lesser of (i) such Non-Defaulting Lender’s pro rata share of the Loan Deficit and (ii) its unused Commitment. A Defaulting Lender shall forthwith, upon demand, pay to the Facility Agent
for the ratable benefit of each such Non-Defaulting Lenders all amounts paid by each such Non-Defaulting Lender on behalf of such Defaulting Lender, together with interest thereon, for each day from the date a payment was made by a Non-Defaulting
Lender until the date such Non-Defaulting Lender has been paid such amounts in full, at a rate per annum equal to the Base Rate plus 2.00%. Notwithstanding anything contained in Section 2.16(b) to the contrary, to the
extent any Lender is a Defaulting Lender, any payment or prepayment of any portion of the principal amount of Loans of such Defaulting Lender (whether voluntary or mandatory, at maturity, pursuant to Article VIII or otherwise) shall be
applied: first, to the then outstanding amounts (including interest thereon) owed pursuant to this Section 2.3(c) by such Defaulting Lender to the Facility Agent or (to the extent the Facility Agent has received notice
thereof) to any other Lender, ratably to the Persons entitled thereto, second, to the SPV, the then outstanding amount of an unfunded Loan by such Defaulting Lender (to the extent not already funded by another Lender or the Facility
Agent), and third, any other amounts thereafter received for the account of such Defaulting Lender, to such Defaulting Lender. 

SECTION 2.4 Voluntary Termination of Lender Commitment; Reduction of Facility Limit. The SPV may, in its sole discretion, on any
Settlement Date upon at least sixty (60) days’ notice to the Facility Agent (with a copy to the Lender), terminate a Lender’s Commitment in whole, or, reduce such Commitment in part; provided, however, that
each such partial reduction made during the Revolving Period shall be in a minimum amount of $1,000,000. 

  
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 SECTION 2.5 Note. The Loans from each Lender shall be evidenced by a single promissory
grid note (herein, as amended, modified, extended or replaced from time to time, called the “Lender Note”) substantially in the form set forth in Exhibit H, with appropriate insertions, payable to the order of such Lender.
The SPV hereby irrevocably authorizes the Administrator for such Lender in connection with its Lender Note to make (or cause to be made) appropriate notations on the grid attached to the Lender Note (or on any continuation of such grid, or at the
Administrator’s option, in its records), which notations, if made, shall evidence, inter alia, the date of, the outstanding principal of, and the Rate Type and Rate Period applicable to the Loans evidenced thereby. Such notations shall be
rebuttably presumptive evidence of the subject matter thereof, absent manifest error. 
 SECTION 2.6 Tranches; Interest. 

(a) Tranches; Interest Rate. Any portion of a Loan having one Rate Period and one Rate Type is referred to herein as a
“Tranche”. The SPV hereby agrees to pay interest on the unpaid principal amount of each Tranche for the period commencing on the date such Tranche is made until such Tranche is paid in full, as follows: 

(i) subject to Sections 2.6(a)(iii) and (iv), at all times while any Tranche is funded by a Lender through
issuance of Commercial Paper during any Rate Period, such Tranche will bear interest at a rate per annum equal to (A) the CP Rate applicable to such Rate Period plus (B) the Applicable Margin; 

(ii) subject to Sections 2.6(a)(iii) and (iv), at all times while any Tranche is funded by a Lender through a
Liquidity Bank pursuant to a Liquidity Agreement, such Tranche will bear interest at a rate per annum equal to (A) the Non-Default Liquidity Rate, plus (B) the Applicable Margin; 

(iii) at any time during the existence of a Termination Event all Tranches will bear interest at a rate per annum
equal to (A) the Base Rate plus (B) the Applicable Margin plus (C) 2.0%; and 
 (iv) overdue principal and, to
the extent permitted by Applicable Laws, overdue interest, in respect of any Tranche and any other overdue amount due and payable hereunder and under other Transaction Documents, in each case, after giving effect to the applicable grace period, will
bear interest at a rate per annum equal to the (A) the Base Rate plus (B) the Applicable Margin plus (C) 2.0%. 

SECTION 2.7 Payment of Interest, Fees and Other Costs and Expenses; Computation. 

(a) The SPV shall pay: (i) interest accrued on each Tranche (A) on each Settlement Date and (B) upon the request of the
applicable Administrator, on the day any Tranche is paid or prepaid in whole or in part, and (ii) all other fees (including the Servicing Fees, Backup Servicer Fees and Custodian Fees) payable hereunder or pursuant to the Fee Letter and other

  
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amounts payable hereunder (including under Article IX) and under other Transaction Documents when due, in the case of each of (i) and (ii), subject to the payment priority provided in
Section 2.16. 
 (b) All computations of interest on the Loans and all per annum fees hereunder shall be made on
the basis of a year of 360 (or 365 or 366, as applicable, with respect to interest or other amounts calculated by reference to the Base Rate) for the actual number of days (including the first but excluding the last day) elapsed. Any computations by
the Facility Agent of amounts payable by the SPV hereunder shall be binding upon the SPV absent manifest error. 
 SECTION 2.8 Payment
and Prepayment of Loans. The SPV shall repay the outstanding principal amount of each Loan on the Maturity Date. Prior thereto, the SPV: 

(a) may, from time to time on any Business Day, make a prepayment, in whole or in part, of the outstanding principal balance of
any Loan; provided, however, that, unless otherwise consented to by the Facility Agent, (i) all such voluntary prepayments shall require (A) at least five (5) Business Days’ prior written notice to the
Facility Agent and each Administrator by 12:00 noon (Chicago, Illinois time) in the form of Exhibit J hereto in the case of any prepayment of 50% or more of the Facility Limit, and (B) at least two (2) Business Days’ prior
written notice to the Facility Agent and each Administrator by 12:00 noon (Chicago, Illinois time) in the form of Exhibit J hereto in the case of any prepayment of less than 50% of the Facility Limit and (ii) unless such voluntary
prepayments are paying off the entire outstanding principal balance of the Loans outstanding hereunder, all such voluntary prepayments shall be in a minimum amount of $1,000,000 and an integral multiple of $100,000; 

(b) shall, immediately upon any acceleration of the Loans pursuant to Section 8.2, repay the amount of the Loans to
the extent so accelerated; and 
 (c) shall, if on any Settlement Date, a Borrowing Base Deficit shall exist, make a
prepayment of the Loans in a minimum amount equal to such Borrowing Base Deficit. 
 Each prepayment of the Loans may be accompanied by a
payment of all accrued and unpaid interest on the amount prepaid and any other amounts due hereunder in respect of such prepayment including, without limitation, any amounts due pursuant to Section 9.5, provided,
however, that the Facility Agent shall have the right to determine, and shall promptly determine and notify the Servicer and the SPV of such determination, whether any such payment of accrued and unpaid interest shall be made at the time
of the prepayment of such Loans or on the next Settlement Date. 
 SECTION 2.9 Payments by the SPV. All payments with respect to
principal or interest to be paid or deposited by the SPV or the Servicer hereunder shall be paid or deposited in accordance with the terms hereof no later than 12:00 noon (Chicago, Illinois time) on the day when due in immediately available funds;
if such amounts are payable to the Facility Agent or any Administrator (whether on behalf of any Lender or otherwise) they shall be paid or deposited in the account indicated in Schedule 13.3, until otherwise notified by the Facility Agent or
any Administrator, as applicable. 

  
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 SECTION 2.10 LIBO Rate Protection; Illegality. (a) If at any time the Facility
Agent is unable to obtain on a timely basis the information necessary to determine the LIBO Rate for any proposed Rate Period, then: 

(i) the Facility Agent shall forthwith notify each Administrator, Lender and the SPV that the LIBO Rate cannot be determined
for such Rate Period, and 
 (ii) while such circumstances exist, none of the Facility Agent, any Administrator or any Lender
shall allocate any Tranches made during such period or reallocate any Tranches allocated to any then existing Rate Period ending during such period, to a Rate Period with respect to which interest is calculated by reference to the LIBO Rate. 

(b) If, with respect to any Tranche and any Rate Period, any Lender notifies the Facility Agent and the applicable Administrator that it is
unable to obtain matching deposits in the London interbank market to fund its funding or maintenance of such Tranche or that the LIBO Rate applicable to such Tranche will not adequately reflect the cost to such Lender of funding or maintaining such
Tranche for such Rate Period, then (i) the applicable Administrator shall forthwith so notify the SPV, the Facility Agent and the Lenders and (B) upon such notice and thereafter while such circumstances exist none of the Administrator, the
Facility Agent, or such Lender shall allocate any other Tranche with respect to Loans made during such period or reallocate any Tranche allocated to any Rate Period ending during such period, to a Rate Period with respect to which interest is
calculated by reference to the LIBO Rate. 
 (c) Notwithstanding any other provision of this Agreement, if any Lender shall notify the
applicable Administrator and the Facility Agent that such Person has determined (or has been notified by any Liquidity Bank) that the introduction of or any change in or in the interpretation of any Law makes it unlawful (either for such Lender or
such Liquidity Bank, as applicable), or any central bank or other Official Body asserts that it is unlawful, for such Lender or such Liquidity Bank, as applicable, to fund the funding or maintenance of any Tranche accruing interest calculated by
reference to the LIBO Rate, then (A) as of the effective date of such notice from such Person to the SPV, the Facility Agent and the Administrator, the obligation or ability of the Lender to fund the making or maintenance of any Tranche
accruing interest calculated by reference to the LIBO Rate shall be suspended until such Person notifies the SPV, the Facility Agent and the Administrator that the circumstances causing such suspension no longer exist and (B) each Tranche made
or maintained by such Person shall either (1) if such Person may lawfully continue to maintain such Tranche accruing interest calculated by reference to the LIBO Rate until the last day of the applicable Rate Period, be reallocated on the last
day of such Rate Period to another Rate Period and shall accrue interest calculated by reference to the Base Rate or (2) if such Person shall determine that it may not lawfully continue to maintain such Tranche accruing interest calculated by
reference to the LIBO Rate until the end of the applicable Rate Period, such Person’s share of such Tranche allocated to such Rate Period shall be deemed to accrue interest at the Base Rate from the effective date of such notice until the end
of such Rate Period. 

  
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 SECTION 2.11 Breach of Representations; Non-Permitted Extension. If as of any Month End
Date: (i) other than pursuant to a Permitted Servicer Adjustment, any Scheduled Payment of a Pool Receivable is reduced or such Pool Receivable is canceled, (ii) any of the representations or warranties set forth in Article III was
or becomes untrue in any material respect with respect to a Pool Receivable, or (iii) any Pool Receivable has been amended, modified, adjusted or extended other than pursuant to a Permitted Servicer Adjustment, and as a result of any of
clause (i), (ii) or (iii) there shall exist a Borrowing Base Deficit, the SPV shall pay to each Administrator by no later than the next Settlement Date in immediately available funds an amount equal to such Borrowing
Base Deficit, in accordance with Section 2.8(c); provided, however, that if any circumstance described in clause (i), (ii), or (iii) occurs on or after the Termination Date, the SPV shall
deposit into the Collection Account in immediately available funds an amount equal to the Outstanding Balance of such Pool Receivable and such amount shall be applied as a Collection in accordance with Section 2.16. 

SECTION 2.12 Tax and Insurance Charges. 

(a) The Servicer shall, on behalf of the SPV, pay or cause to be paid all personal property, sales and use taxes on or with respect to the
Equipment, or the acquisition or leasing or re-leasing thereof, as and when such taxes become due, to the extent an Obligor has paid the related Tax and Insurance Charges. The Servicer shall also cause to be filed in a timely manner any and all
returns and reports required in connection with the payment of such taxes. To the extent provided for in any Contract, the Servicer shall make all reasonable efforts to collect Tax and Insurance Charges with respect to such Equipment or the
Contracts and shall remit such amounts to the appropriate Person or Governmental Authority on or prior to the date such payments are due. 

(b) The Servicer shall, on behalf of the SPV, pay or cause to be paid all insurance premiums on or with respect to the Equipment, as and when
such insurance premiums become due, to the extent an Obligor has paid the related Tax and Insurance Charges. 
 (c) For the avoidance of
doubt, notwithstanding anything contained in this Section 2.12 to the contrary, the SPV shall not be obligated to pay or cause to be paid any insurance premiums, personal property, sales and use taxes, or other Tax and Insurance Charges
on or with respect to any Equipment except to the extent that (i) the applicable Obligor has paid such Tax and Insurance Charges and (ii) such Tax and Insurance Charges have been received by the SPV. 

SECTION 2.13 Collection Account, Lock-Box Account, Collections. The SPV has established that certain Collection Account set forth on
Schedule 3.1(s) (such account the “Collection Account”). The Facility Agent shall at all times have control over the Collection Account and all monies, instruments and other property from time to time in the Collection
Account within the meaning of the applicable UCC. The Servicer will not transfer any funds out of any Lock-Box Account except in accordance with the Intercreditor Agreement. If any payments on any Receivables are sent directly to the SPV, the
Originator or the Servicer rather than to a Lock-Box Account, the SPV, the Originator or the Servicer, as applicable, shall remit such payments to a Lock-Box Account within two (2) Business Days of the receipt of the same. The Servicer shall
cause all funds that constitute Collections to be remitted to the Collection 

  
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Account within five (5) Business Days of the receipt of such funds in the Lock-box Account, provided that the Servicer may withhold any Tax and Insurance Charges pending payment of such
amounts to the appropriate third-party in accordance with Section 2.12. Funds on deposit in the Collection Account shall be invested by the Servicer in Eligible Investments that will mature so that such funds will be available so as to permit
amounts in the Collection Account to be paid and applied on the next Settlement Date. On each Settlement Date, all interest and earnings (net of losses and reasonable investment expenses) on funds on deposit in the Collection Account shall be
applied as Collections in accordance with Section 2.16. On the Final Payout Date, any funds remaining on deposit in the Collection Account shall be paid to the SPV. Neither the Servicer nor the SPV will transfer any funds out of the
Collection Account except in accordance with Section 2.16 and the terms of this Agreement. 
 SECTION 2.14 Sharing of
Payments, Etc. If any Lender (for purposes of this Section only, being a “Recipient”) shall obtain any payment (whether voluntary, involuntary, through the exercise of any right of setoff, or otherwise) on account of the Loans
made by it (other than pursuant to the Fee Letter, or Article VIII and other than as a result of the differences in the timing of the applications of Collections pursuant to Section 2.16 and other than a result of the different
methods for calculating interest on the Loans) in excess of its ratable share of payments on account of the Loans made by it, such Recipient shall forthwith purchase from the Lenders entitled to a share of such amount participations in the portions
of the Loans made by such Persons as shall be necessary to cause such Recipient to share the excess payment ratably with each such other Person entitled thereto; provided, however, that if all or any portion of such excess payment is
thereafter recovered from such Recipient, such purchase from each such other Person shall be rescinded and each such other Person shall repay to the Recipient the purchase price paid by such Recipient for such participation to the extent of such
recovery, together with an amount equal to such other Person’s ratable share (according to the proportion of (a) the amount of such other Person’s required payment to (b) the total amount so recovered from the Recipient) of any
interest or other amount paid or payable by the Recipient in respect of the total amount so recovered. 
 SECTION 2.15 Right of
Setoff. Without in any way limiting the provisions of Section 2.14, each of the Facility Agent and Lenders is hereby authorized (in addition to any other rights it may have) at any time during the existence of a Termination Event, to
set-off, appropriate and apply (without presentment, demand, protest or other notice which are hereby expressly waived) any deposits and any other indebtedness held or owing by the Facility Agent or such Lender to, or for the account of, the SPV
against the amount of the Senior Obligations owing by the SPV to such Person or to the Facility Agent on behalf of such Person (even if contingent or unmatured). The Facility Agent or Lender, as applicable, which made such set-off shall promptly
notify the SPV after any such setoff. 
 SECTION 2.16 Settlement Procedures. 

(a) Distributions on Settlement Date. Collections in the Collection Account shall be distributed in accordance with
Section 2.16(b) below provided that, unless a Termination Event exists, the Servicer may retain the amounts that would otherwise be deposited into the Collection Account in respect of Excluded Amounts, in which case no
distribution shall be made in respect of such Excluded Amounts under clause (b) below. Any Excluded Amounts 

  
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that were deposited into the Collection Account shall be removed from the Collection Account on each Settlement Date prior to the application of Collections pursuant to
Section 2.16(b) below. 
 (b) Order of Application. On each Settlement Date, the Servicer shall distribute the amount of
the Collections on deposit in the Collection Account in the following order of priority: 
  

					
	First		to each Hedge Counterparty, on a pro rata basis, an aggregate amount (other than Hedge Breakage Costs) equal to any regularly scheduled payment due on such date in accordance with the applicable Hedging
Agreement;
		
	Second		pro rata, in accordance with the amounts due under this clause second, (i) to the Backup Servicer, all of the outstanding Backup Servicing Fees due and payable on such date and (ii) to the
Custodian, all of the outstanding Custodian Fees due and payable on such date
		
	Third		(i) to the Servicer, all of the outstanding Servicing Fees due and payable on or prior to such date and, (ii) to CCG, all Excluded Amounts collected during the related Settlement Period;
		
	Fourth		to each Administrator, for the account of the applicable Lenders, on a pro rata basis, an amount equal to the accrued interest (including overdue interest) on the Loans and which is due and payable on such date in
accordance with Section 2.7 and at the rates per annum set forth in Section 2.6 and all of the outstanding Facility Fees due and payable on or prior to such date;
		
	Fifth		to each Administrator, for the account of the applicable Lenders, as set forth below:
			
			(A)		If a Termination Event shall then exist or the Termination Date shall have been declared by the Facility Agent pursuant to Section 8.2, ratably to the Lenders according to the outstanding principal amounts of their respective
Loans, one hundred (100%) percent of the remaining amount of Collections to the reduction of the outstanding principal amount of the Loans until paid in full, and
			
			(B)		On any Settlement Date, so long as no Termination Event shall then exist and the Termination Date shall not have been declared by the Facility Agent pursuant to Section 8.2, in the case of a
prepayment

  
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					as a result of existence of a Borrowing Base Deficit as provided in Section 2.8(c), on a pro rata basis, an amount equal to such Borrowing Base Deficit;
		
	Sixth		to each Hedge Counterparty, any Hedge Breakage Costs due and owing under any Hedge Agreement;
		
	Seventh		on a pari passu basis, all other amounts due and payable to the Backup Servicer and all other amounts due and payable to the Custodian;
		
	Eighth		to the Servicer, all other amounts due and payable to the Servicer;
		
	Ninth		to the Facility Agent, for the account of each Indemnified Party, on a pari passu basis, all other amounts due and payable to such Person on such date under this Agreement and any other Transaction
Documents; and
		
	Tenth		the balance, if any, to the SPV.

 (c) All amounts payable by the SPV under this Agreement and the other Transaction Documents shall be subject
to, and all funds available to the SPV shall be applied in accordance with, the priorities set forth in this Section 2.16, provided, however, that the foregoing provision shall not affect or constitute a
waiver of any Termination Event or Potential Termination Event if such funds are insufficient to pay in full when due any amount which is payable by the SPV hereunder or under any other Transaction Document. 

SECTION 2.17 Collections Held in Trust. (a) If at any time the SPV or the Originator, as the case may be, shall receive any
Collections other than through payment into a Lock-Box Account, the SPV or the Originator, as applicable, shall promptly (but in any event within two (2) Business Days of receipt thereof) remit or cause to be remitted all such Collections to a
Lock-Box Account. All Collections received by the SPV or the Originator, and all Collections held by the Servicer in the Lock-Box Accounts, shall be held by such Person in trust for the exclusive benefit of the Facility Agent. The outstanding
principal amount of the Loans shall not be deemed repaid by any amount of the Collections held in trust by the SPV, the Originator or the Servicer, as applicable, unless such amount is finally paid to the Facility Agent in accordance with
Section 2.16(b). 
 ARTICLE III 

REPRESENTATIONS AND WARRANTIES 

SECTION 3.1 Representations and Warranties of the SPV and the Servicer. Unless otherwise provided herein, the SPV represents and
warrants to the Facility Agent, the Administrators and the Lenders, as to itself, and the Servicer represents and warrants to the Facility Agent, the Administrators and the Lenders, as to itself (it being understood and agreed,

  
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for the avoidance of doubt, that the representation and warranties of the SPV and Servicer have been combined herein for ease of documentation only), that on the Closing Date, on each Reporting
Date, and on each Borrowing Date as provided in Section 4.2: 
 (a) Corporate Existence and Power. It (i) is a
corporation or limited liability company, as applicable, duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization as specified in the preamble herein, (ii) is not organized under the Laws of any
other jurisdiction or governmental authority, (iii) has all corporate or limited liability company power and all licenses, authorizations, consents and approvals of all Official Bodies required to own or lease its properties and to carry on its
business in each jurisdiction in which its business is conducted (except where the failure to have any such licenses, authorizations, consents and approvals would not individually or in the aggregate have a Material Adverse Effect) and (iv) is
duly qualified to do business and is in good standing in every other jurisdiction in which the nature of its business or ownership or lease of its properties requires it to be so qualified, except where the failure to be so qualified or in good
standing would not have a Material Adverse Effect. 
 (b) Corporate and Governmental Authorization; Contravention. The execution,
delivery and performance by it of this Agreement and the other Transaction Documents to which it is a party: (i) are within its corporate or limited liability company powers, (ii) have been duly authorized by all necessary corporate,
limited liability company and shareholder action, as applicable, (iii) require no action by or in respect of, or filing with, any Official Body or official thereof (except as contemplated by Sections 4.1(f), 4.1(g) and 6.4,
all of which have been (or as of the Closing Date will have been) duly made and in full force and effect), (iv) do not contravene or constitute a default under (A) its articles of incorporation or by-laws, or limited liability company
agreement, as the case may be, (B) any Law applicable to it, (C) any material contractual restriction binding on or affecting it or its property or (D) any order, writ, judgment, award, injunction or decree binding on or affecting it
or its property, or (v) will not result in the creation or imposition of any Adverse Claim upon or with respect to its property (except as contemplated hereby), which in the case of the Servicer could reasonably be expected to have a Material
Adverse Effect. 
 (c) Binding Effect. Each of this Agreement and the other Transaction Documents to which it is a party has been
duly executed and delivered and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of
creditors generally and by general principles of equity, regardless of whether such enforceability is considered in a proceeding equity or at law. 

(d) Perfection. The SPV is the owner of all of the Pool Receivables and other Affected Assets, free and clear of all Adverse Claims
(other than Permitted Adverse Claims) and upon the making of the initial Loan on the Closing Date and at all times thereafter until the Final Payout Date, all financing statements and other documents required to be recorded or filed in order to
perfect the security interest of the Facility Agent on behalf of the Secured Parties in the Affected Assets (provided, that no representation is made herein with respect to creation, ownership or perfection of any security interest in goods
or other assets pledged by an Obligor (other than the Equipment)) against all creditors of and purchasers from the SPV and the Originator will have been duly filed in each filing office necessary for such purpose and all filing fees and taxes, if
any, payable in connection with such filings shall have been paid in full. 

  
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 (e) Accuracy of Information. All written information heretofore furnished by it (including
the Servicer Reports and its financial statements) to any Lender, the Facility Agent or any Administrator for purposes of or in connection with this Agreement or any transaction contemplated hereby is, and all such written information hereafter
furnished by it to any Lender, the Facility Agent or any Administrator will be, true, complete and accurate in every material respect, on the date such information is stated or certified, and no such item contains or will contain any untrue
statement of a material fact or omits or will omit to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not misleading. 

(f) Tax Status. It has (i) filed all tax returns (federal, state and local) required to be filed, (ii) paid or made adequate
provision for the payment of all taxes, assessments and other governmental charges except for taxes, assessments and other governmental charges that are being contested in good faith through appropriate proceedings and with respect to which adequate
reserves are being maintained in accordance with GAAP and (iii) no tax lien has been filed and to its knowledge, no tax lien claim is being asserted against any of its properties which could reasonably be expected to have a Material Adverse
Effect. 
 (g) Action, Suits. It is not in violation of any order of any Official Body or arbitrator. There are no actions, suits,
litigation, investigations or proceedings pending, or to its knowledge, threatened, against or affecting it or any of its Affiliates or their respective properties, in or before any Official Body or arbitrator, which could reasonably be expected,
individually or in the aggregate, to have a Material Adverse Effect. 
 (h) Use of Proceeds. In the case of the SPV, no proceeds of
any Loan will be used by it for any purpose other than to purchase additional Pool Receivables pursuant to the First Tier Agreement. For the avoidance of any doubt, no proceeds of any Loan will be used (i) to acquire any security in any
transaction which is subject to Section 13 or 14 of the Securities Exchange Act of 1934, as amended, (ii) to acquire any equity security of a class which is registered pursuant to Section 12 of such act or (iii) for any other
purpose that violates Applicable Law, including Regulations T, U or X of the Federal Reserve Board. 
 (i) Principal Place of Business;
Chief Executive Office; Location of Records. Its principal place of business, chief executive office and the offices where it keeps all its Records related to the Pool Receivables are located at the address(es) described on Schedule
3.1(i) or such other locations notified to the Facility Agent in accordance with Section 5.2(f) in jurisdictions where all action required by Section 6.6 has been taken and completed by the time required pursuant to
Section 5.2(f). 
 (j) Subsidiaries; Tradenames, Etc. In the case of the SPV, as of the Closing Date: (i) it has no
Subsidiaries and divisions; and (ii) it has not operated under any tradenames and has not changed its name, merged with or into or consolidated with any other Person or been the subject of any proceeding under the Bankruptcy Code. 

  
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 (k) Security Interest. On the Closing Date, the Facility Agent shall acquire and hold a
valid and enforceable first priority perfected security interest in each Pool Receivable and all other Affected Assets then owned or thereafter acquired by the SPV, free and clear of any Adverse Claim, other than Permitted Adverse Claims. 

(l) Nature of Pool Receivables. Each Pool Receivable represented by it (i) to be an Eligible Receivable in any Servicer Report or
(ii) included in the calculation of the Borrowing Base satisfies at such time the definition of “Eligible Receivable” set forth herein. 

(m) Coverage Requirement. In the case of the SPV, the aggregate outstanding principal amount of the Loans does not exceed the Borrowing
Base. 
 (n) Credit and Collection Policy. In the case of the Servicer, there have been no material changes in the Credit and
Collection Policy from that attached hereto as Exhibit C that have or are reasonably likely to have a Material Adverse Effect. The Servicer has at all times complied with the Credit and Collection Policy with regard to each Pool Receivable.

 (o) Material Adverse Effect. Since the Closing Date, there has been no Material Adverse Effect. 

(p) No Termination Event. Except as specifically waived in writing by the Majority Lenders (and, in the case of the SPV only, to its
knowledge after due inquiry), no event exists and no condition exists, or would result from any borrowing of any Loan or from the application of the proceeds therefrom, which constitutes a Termination Event or a Potential Termination Event. 

(q) Not an Investment Company. It is not, and is not controlled by, an “investment company” within the meaning of the
Investment Company Act of 1940, or is exempt from all provisions of such act. 
 (r) ERISA. Neither the SPV nor any ERISA Affiliate
(A) maintains any Pension Plan or (B) contributes to any Multiemployer Plan. 
 (s) Lock-Box Accounts, Collection Account.
The names and addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks are specified in Schedule 3.1(s), as updated by the SPV from time to time by notice from the SPV to the
Facility Agent. All Obligors have been instructed to make payment in respect of the Pool Receivables to a Lock-Box Account. The Servicer shall at all times have the ability to identify and segregate, or cause to be identified and segregated by the
Intercreditor Master Agent in accordance with the terms of the Intercreditor Agreement, substantially all of the Collections from the other funds on deposit in each Lock-Box Account within five (5) Business Days after receipt of such funds. The
name and address of the bank at which the Collection Account is maintained, together with the account number of the Collection Account at such bank is specified in Schedule 3.1(s). If any payments on any Receivables are sent directly to the
SPV, the Originator or the Servicer rather than to a Lock-Box Account, the SPV, the Originator or the Servicer, as applicable, shall cause such payments to be remitted a Lock-Box Account within two (2) Business Days of the receipt of the same.

  
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 (t) Bulk Sales. In the case of the SPV, no transaction contemplated hereby or by the First
Tier Agreement requires compliance with any bulk sales act or similar Law. 
 (u) Transfers Under First Tier Agreement. In the case
of the SPV, each Pool Receivable has been purchased by it from the Originator pursuant to, and in accordance with, the terms of the First Tier Agreement. 

(v) Preference; Voidability. The SPV shall have given reasonably equivalent value to the Originator in consideration for the transfer
to it of the Affected Assets from the Originator and each such transfer shall not have been made for or on account of an antecedent debt owed by the Originator to it and no such transfer is or may be voidable under any section of the Bankruptcy
Code. 
 (w) [Reserved]. 
 (x)
Lease Agreement Effective. In the case of the SPV, each lease agreement which gives rise to a Lease Receivable is or becomes effective and binding upon and enforceable against the related Obligor upon the payment by such Obligor of the first
installment of the rentals under such lease agreement. 
 (y) Nonconsolidation. The SPV is operated in such a manner that the
separate corporate existence of the SPV, on the one hand, and the Originator or any Affiliate of the Originator, on the other, would not be disregarded in the event of the bankruptcy or insolvency of the Originator or any Affiliate of the Originator
and, without limiting the generality of the foregoing: 
 (i) the SPV is a limited purpose limited liability company whose
activities are restricted in its limited liability company agreement to activities related to purchasing or otherwise acquiring receivables (including the Pool Receivables) and related assets and rights and conducting any related or incidental
business or activities it deems necessary or appropriate to carry out its primary purpose, including entering into agreements like the Transaction Documents; 

(ii) the SPV has not engaged, and does not presently engage, in any activity other than those activities expressly permitted
hereunder and under the other Transaction Documents, nor has the SPV entered into any agreement other than this Agreement, the other Transaction Documents to which it is a party, and with the prior written consent of the Majority Lenders, any other
agreement necessary to carry out more effectively the provisions and purposes hereof or thereof; 
 (iii) (A) the SPV
maintains its own deposit account or accounts, separate from those of any of its Affiliates, with commercial banking institutions, (B) the funds of the SPV are not and have not been diverted to any other Person or for other than the corporate
use of the SPV and (C), except as may be expressly permitted by this Agreement, the funds of the SPV are not and have not been commingled with those of any of its Affiliates; 

  
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 (iv) to the extent that the SPV contracts or does business with vendors or
service providers where the goods and services provided are partially for the benefit of any other Person, the costs incurred in so doing are fairly allocated to or among the SPV and such entities for whose benefit the goods and services are
provided, and each of the SPV and each such entity bears its fair share of such costs; and all material transactions between the SPV and any of its Affiliates shall be only on an arm’s-length basis; 

(v) the SPV shall at all times maintain a plaque or other sign separate from the plaque or sign of the Originator designating
for its office space and allocate, fairly and reasonably, all the overheads for shared spaces with the Originator and shall maintain a telephone listing and stationery through which all business correspondence and communication are conducted, in
each case separate from those of the Originator and their Affiliates; 
 (vi) the SPV conducts its affairs strictly in
accordance with its limited liability agreement and other formation documents and observes all necessary, appropriate and customary formalities as a limited liability company, including (A) passing all resolutions or consents necessary to
authorize actions taken or to be taken, and (B) maintaining accurate and separate books, records and accounts, including intercompany transaction accounts; 

(vii) all decisions with respect to its business and daily operations are independently made by the SPV (although the officer
making any particular decision may also be an employee, officer or director of an Affiliate of the SPV) and are not dictated by any Affiliate of the SPV (it being understood that the Servicer, which is an Affiliate of the SPV, will undertake and
perform all of the operations, functions and obligations of it set forth herein and it may appoint Sub-Servicers, which may be Affiliates of the SPV, to perform certain of such operations, functions and obligations); 

(viii) the SPV acts solely in its own limited liability company’s name and through its own authorized officers and agents,
and no Affiliate of the SPV shall be appointed to act as its agent, except as expressly contemplated by this Agreement or other Transaction Documents; 

(ix) no Affiliate of the SPV advances funds to the SPV, other than as is otherwise provided herein or in the other Transaction
Documents, and no Affiliate of the SPV otherwise supplies funds to, or guaranties debts of, the SPV; provided, however, that an Affiliate of the SPV may provide funds to the SPV in connection with the capitalization of the SPV; 

(x) other than organizational expenses and as otherwise expressly provided herein, the SPV pays all expenses, indebtedness and
other obligations incurred by it; 
 (xi) the SPV does not guarantee, and is not otherwise liable, with respect to any
obligation of any of its Affiliates or any other Person; 

  
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 (xii) any financial reports required of the SPV comply with GAAP and are issued
separately from, but may be consolidated with, any reports prepared for any of its Affiliates; 
 (xiii) at all times the SPV
is adequately capitalized to engage in the transactions contemplated in its limited liability company agreement and other formation documents; 

(xiv) the financial statements and books and records of the SPV and the Originator reflect the separate existence of the SPV;

 (xv) the SPV does not act as agent for the Originator or any Affiliate of either the Originator, but instead presents
itself to the public as a separate existence from each such member and independently engaged in the business of purchasing and financing Receivables; 

(xvi) the SPV maintains at least one Independent Manager who has never been, and shall at no time be a stockholder, director,
officer, employee or associate, or any relative of the foregoing, of the Originator or any Affiliate of the Originator (other than the SPV and any other bankruptcy-remote special purpose entity formed for the sole purpose of securitizing, or
facilitating the securitization of, financial assets of the Originator or any Affiliate of the Originator), all as provided in its limited liability company agreement and other formation documents and is otherwise reasonably acceptable to the
Majority Lenders and the Facility Agent; and 
 (xvii) the limited liability company agreement and other formation documents
of the SPV require (A) the affirmative vote of the Independent Manager before the SPV may (1) file a voluntary petition under Section 301 of the Bankruptcy Code, (2) dissolve or liquidate, or institute proceedings to be
adjudicated bankrupt or insolvent, (3) institute or consent to the institution of bankruptcy or insolvency proceedings against it, (4) file a petition seeking or consent to reorganization or relief under any applicable federal or state law
relating to bankruptcy or insolvency, (5) seek or consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator, custodian or any similar official for the SPV, (6) make any assignment for the benefit of the
SPV’s creditors, (7) admit in writing its inability to pay its debts generally as they become due, or (8) take any action in furtherance of any of the foregoing, and (B) the SPV to maintain correct and complete books and records
of account and minutes of the meetings and other proceedings of its stockholders and board of directors. 
 (z) Representations and
Warranties in other Transaction Documents. In the case of the SPV, each of the representations and warranties made by it contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it
hereby makes each such representation and warranty to, and for the benefit of, the Facility Agent, the Administrators and the Lenders as if the same were set forth in full herein. 

(aa) Perfection Representations. The Perfection Representations shall be a part of this Agreement for all purposes. 

  
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 (bb) No Servicer Default. In the case of the Servicer, no event exists and no condition
exists, or would result from borrowing of a Loan or from the application of the proceeds therefrom, which constitutes a Servicer Default. 

(cc) Compliance with Law. It has complied with all Applicable Laws to which it may be subject (including, without limitation, laws,
rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply would not have a Material Adverse Effect. 

SECTION 3.2 Additional Representations and Warranties of the Servicer. The Servicer represents and warrants on the Closing Date and on
each Borrowing Date to the Facility Agent, the Administrators and the Lenders, which representation and warranty shall survive the execution and delivery of this Agreement, that each of the representations and warranties of the Servicer contained in
any Transaction Document is true, complete and correct as of such date (except to the extent such representations and warranties expressly refer to an earlier date, in which case they were true and correct as of such earlier date), and the Servicer
hereby makes each such representation and warranty to, and for the benefit of, the Facility Agent, the Administrators and the Lenders as if the same were set forth in full herein. 

ARTICLE IV 
 CONDITIONS
PRECEDENT 
 SECTION 4.1 Conditions Precedent to Closing. The occurrence of the Closing Date and the effectiveness of the
Commitments hereunder shall be subject to the conditions precedent that (i) the SPV or the Originator shall have paid in full (A) all amounts required to be paid by either of them on or prior to the Closing Date pursuant to the Fee Letter
and (B) the fees and expenses described in clause (i) of Section 9.5 and invoiced prior to the Closing Date, and (ii) the Facility Agent shall have received, for itself and each of the Administrators and Lenders and
the Facility Agent’s counsel, each of the following documents, each in form and substance satisfactory to the Facility Agent: 
 (a) A
duly executed counterpart of this Agreement, the First Tier Agreement, the Fee Letter, the Backup Servicer Fee Letter, the Custodial Agreement, and each of the other Transaction Documents executed by the Originator, the SPV, the Servicer, the Backup
Servicer, and the Custodian, as applicable. 
 (b) A certificate of the secretary or assistant secretary of the SPV, in form and substance
satisfactory to the Facility Agent, certifying and (in the case of clauses (i) and (ii)) attaching as exhibits thereto, among other things: 

(i) the limited liability company agreement and certificate of formation or other formation document of the SPV (certified by
the Secretary of State or other similar official of the SPV’s jurisdiction of incorporation or organization, as applicable, as of a recent date); 

(ii) resolutions of the board of directors or other governing body of the of the SPV authorizing the execution, delivery and
performance by the SPV of this Agreement, the First Tier Agreement and the other Transaction Documents to be delivered by the 

  
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SPV hereunder or thereunder and all other documents evidencing necessary limited liability company action (including shareholder consents) and government approvals, if any; and 

(iii) the incumbency, authority and signature of each officer of the SPV executing the Transaction Documents or any
certificates or other documents delivered hereunder or thereunder on behalf of the SPV. 
 (c) A certificate of the secretary or assistant
secretary of the Originator and the Servicer, in form and substance satisfactory to the Facility Agent, certifying and (in the case of clauses (i) through (iii)) attaching as exhibits thereto, among other things: 

(i) the articles of incorporation, charter or other organizing document of the Originator and the Servicer (certified by the
Secretary of State or other similar official of its jurisdiction of incorporation or organization, as applicable, as of a recent date); 

(ii) the by-laws of the Originator and the Servicer; 

(iii) resolutions of the board of directors or other governing body of the Originator and the Servicer authorizing the
execution, delivery and performance by it of this Agreement, as applicable, the First Tier Agreement and the other Transaction Documents to be delivered by it hereunder or thereunder and all other documents evidencing necessary corporate action
(including shareholder consents) and government approvals, if any; and 
 (iv) the incumbency, authority and signature of
each officer of the Originator and the Servicer executing the Transaction Documents or any certificates or other documents delivered hereunder or thereunder on its behalf. 

(d) A good standing certificate for the SPV issued by the Secretary of State or a similar official of the SPV’s jurisdiction of
incorporation or organization, as applicable, dated as of a recent date. 
 (e) A good standing certificate for each of the Originator and
the Servicer issued by the Secretary of State or a similar official of its jurisdiction of incorporation or organization, as applicable, and principal place of business, dated as of a recent date. 

(f) Copies of proper financing statements (Form UCC-1), in form and substance satisfactory to the Facility Agent, to be filed on or before the
Closing Date naming the SPV, as debtor, in favor of the Facility Agent, as secured party, for the benefit of the Lenders or other similar instruments or documents as may be necessary or in the reasonable opinion of the Facility Agent desirable under
the UCC of all appropriate jurisdictions or any comparable Law to perfect the Facility Agent’s security interest in all Pool Receivables and the other Affected Assets. 

(g) Copies of proper financing statements (Form UCC-1), in form and substance satisfactory to the Facility Agent, to be filed on or before the
Closing Date naming the Originator as the debtor, in favor of the SPV, as secured party, and the Facility Agent, for the 

  
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benefit of the Lenders, as assignee, or other similar instruments or documents as may be necessary or in the reasonable opinion of the Facility Agent desirable under the UCC of all appropriate
jurisdictions or any comparable Law to perfect the SPV’s interest in all Pool Receivables and the other Affected Assets. 
 (h) Copies
of proper financing statements (Form UCC-3), if any, filed on or before the Closing Date necessary to terminate all security interests and other rights of any Person in Pool Receivables or the other Affected Assets previously granted by the SPV.

 (i) Copies of proper financing statements (Form UCC-3), if any, filed on or before the Closing Date necessary to terminate all security
interests and other rights of any Person in Pool Receivables or the other Affected Assets previously granted by the Originator. 
 (j)
Certified copies of requests for information or copies (Form UCC-11) (or a similar search report certified by parties acceptable to the Facility Agent) dated a date reasonably near the date of the initial Borrowing Date listing all effective
financing statements which name the SPV or the Originator (under their respective present names and any previous names) as debtor and which are filed in jurisdictions in which the filings were made pursuant to clauses (f) or
(g) above and such other jurisdictions where the Facility Agent may reasonably request together with copies of such financing statements (none of which shall cover any Pool Receivables, other Affected Assets or Contracts), and similar
search reports with respect to federal tax liens and liens of the Pension Benefit Guaranty Corporation in such jurisdictions, showing no effective liens on any of the Pool Receivables, other Affected Assets or related Contracts. 

(k) Favorable opinions of Moore & Van Allen PLLC special counsel to the SPV, the Servicer and the Originator, covering certain
corporate, UCC, bankruptcy and insolvency matters, in form and substance reasonably satisfactory to the Facility Agent and Facility Agent’s counsel. 

(l) Favorable opinions of The Yarbrough Law Firm, PLLC, counsel to the Servicer and the Originator, covering certain corporate matters, in
form and substance reasonably satisfactory to the Facility Agent and Facility Agent’s counsel. 
 (m) Joinder agreement to the
Intercreditor Agreement executed by the Facility Agent and the SPV, whereby the Facility Agent and the SPV become a party to the Intercreditor Agreement. 

(n) Satisfactory results of due diligence procedures over the Originator’s collection, operating and reporting systems, Credit and
Collection Policy, historical receivables data and accounts, including satisfactory results of procedures applied at the Originator’s operating location(s) and satisfactory procedures performed over the Eligible Receivables in existence on the
date of the initial purchase under the First Tier Agreement and a written outside audit report of a nationally-recognized accounting firm as agreed. 

(o) Payment of any fees due and payable on the Closing Date pursuant to the Fee Letter. 

  
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 (p) Such other approvals, documents, instruments, certificates and opinions as the Facility
Agent, any Administrator or any Lender, may reasonably request. 
 (q) Evidence satisfactory to the Facility Agent that Collections with
respect to Pool Receivables being sold on the Closing Date pursuant to the First Tier Agreement which were received after the Cut-Off Date will be deposited into the Collection Account on the Closing Date. 

SECTION 4.2 Conditions Precedent to All Loans. Each Loan (including the initial Loan) shall be subject to the conditions precedent that
(i) the Closing Date shall have occurred, and (ii) on the Borrowing Date for such Loan, the following statements shall be true (and the SPV by accepting the amount of such Loan shall be deemed to have certified that): 

(a) The representations and warranties contained in Sections 3.1 and 3.2 are true, complete and correct in all material respects
on and as of such day as though made on and as of such day and shall be deemed to have been made on such day (except for any such representation and warranty that is expressly made as of an earlier date), 

(b) After giving effect to such Loan, there is no Borrowing Base Deficit, 

(c) The Facility Agent shall have received (i) a Borrowing Request and (ii) a Borrowing Base Certificate as provided in
Section 2.2, 
 (d) Neither the Amortization Date nor the Termination Date has occurred, 

(e) No Termination Event or Potential Termination Event exists, 

(f) No Law, rule or regulation shall prohibit, and no order, judgment or decree of any Official Body shall prohibit or enjoin, the making of
such Loan by any Lender in accordance with the provisions hereof or any other transaction contemplated herein, 
 (g) With respect to any
Pool Receivables that are being purchased pursuant to the First Tier Agreement with the proceeds of such Loan, the Facility Agent shall have received evidence satisfactory to the Facility Agent that Collections with respect to such Pool Receivables
that were received after the Cut-Off Date will be deposited into the Collection Account on the Borrowing Date, and 
 (h) The SPV shall be
in compliance with Section 5.3 hereof at such time. 

  
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 ARTICLE V 

COVENANTS 
 SECTION 5.1
Affirmative Covenants of the SPV and Servicer. At all times from the date hereof to the Final Payout Date, unless the Majority Lenders shall otherwise consent in writing, the SPV hereby covenants and agrees with the Lenders and the
Administrators as to itself only, and the Servicer hereby covenants and agrees with the Lenders and the Administrators as to itself only, that it will (it being understood and agreed, for the avoidance of doubt, that the covenants of the SPV and the
Servicer have been combined herein for ease of documentation only): 
 (a) Reporting Requirements. The SPV shall maintain, for itself
and each of its Subsidiaries, a system of accounting established and administered in accordance with GAAP, and the SPV and the Servicer (and, if the Originator is not the Servicer, the Originator), shall furnish to the Facility Agent and on receipt
thereof the Facility Agent shall distribute to each Agent: 
 (i) Annual Reporting. Within one hundred twenty
(120) days after the close of each fiscal year of the SPV and the Servicer (and, if the Originator is not the Servicer, the Originator), as applicable, (A) unaudited financial statements with respect to the SPV including a balance sheet
and an income statement as of the end of such period prepared in a form consistent with general accounting principles, and (B) audited financial statements with respect to the Servicer (and, if the Originator is not the Servicer, the
Originator) and its Subsidiaries prepared by a nationally-recognized accounting firm reasonably acceptable to the Facility Agent in accordance with GAAP on a consolidated basis, including balance sheets as of the end of such period, related
statements of operations, shareholder’s equity and cash flows, accompanied, solely in the case of (B), by an unqualified audit report certified by such accountants. 

(ii) Quarterly Reporting. Within forty-five (45) days after the close of the first three quarterly periods of the
fiscal years of the Servicer (and, if the Originator is not the Servicer, the Originator), consolidated unaudited balance sheets as at the close of each such period with respect to the Servicer (and, if the Originator is not the Servicer, the
Originator), and its consolidated Subsidiaries, together with consolidated related statements of operations, shareholder’s equity and cash flows for the period from the beginning of such fiscal year to the end of such quarter, all certified by
a Responsible Officer. 
 (iii) Compliance Certificate. Together with the financial statements required hereunder, a
compliance certificate in the form of Exhibit E attached hereto signed by the SPV’s or Servicer’s (and, if the Originator is not the Servicer, the Originator), as applicable, Responsible Officer stating that (A) the attached
financial statements have been prepared in accordance with GAAP and accurately reflect the financial condition of the SPV (and, if the Originator is not the Servicer, the Originator), Servicer and its Subsidiaries as applicable and (B) to the
best of such Person’s knowledge, no Termination Event or Potential Termination Event exists, or if any Termination Event or Potential Termination Event exists, stating the nature and status thereof. 

(iv) Notice of Termination Events or Potential Termination Events; Etc. (A) As soon as possible and in any event
within two (2) Business Days after the SPV obtains knowledge of the occurrence of a Termination Event or a Potential Termination Event, the SPV shall provide a statement of a Responsible Officer of the SPV setting forth details of such
Termination Event or Potential Termination Event and the action which the SPV proposes to take with respect thereto, which information shall be updated promptly from time to time; (B) promptly and in any event within two (2) Business Days

  
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after the SPV obtains knowledge thereof, notice of any litigation, investigation or proceeding that may exist at any time between the SPV and any Person that could reasonably be expected to
result in a Material Adverse Effect or any litigation or proceeding relating to any Transaction Document; and (C) promptly and in any event within two (2) Business Days after the SPV obtains knowledge thereof, notice of a Material Adverse
Effect. The SPV shall immediately and in any event on the same Business Day notify the Servicer of any of the foregoing events described in this subsection (iv) after the SPV obtains knowledge thereof. The Servicer shall immediately and
in any event on the same Business Day notify the SPV of any of the foregoing events described in this subsection (iv) after the Servicer obtains knowledge thereof. 

(v) Change in Credit and Collection Policy. (A) At least five (5) Business Days before the date on which any
proposed material amendment to the Credit and Collection Policy is to be made, the Servicer shall provide a copy of the Credit and Collection Policy then in effect indicating such change or amendment, provided, that no such amendment
shall be made which does not comply with Section 5.2(c) hereof; and (B) within five (5) Business Days of the date on which any non-material amendment to the Credit and Collection Policy is made, the Servicer shall provide the
Facility Agent with a copy of the Credit and Collection Policy then in effect indicating such change or amendment. 
 (vi)
Change in Accountants or Accounting Policy. Promptly, the SPV shall provide notice of any change in the accountants or material change in the accounting policy of the SPV. 

(vii) Other Information. Such other information (including non-financial information) as the Facility Agent or any
Administrator may from time to time reasonably request (provided if such information is requested from the Servicer, such request can be accommodated by the then existing computer system of the Servicer) with respect to the Originator, the SPV or
any Subsidiary of the Originator. 
 (viii) Reports from Other Parties. Promptly and in any event within three
(3) Business Days after receipt thereof, the SPV shall provide copies of all financial statements delivered by the Originator to the SPV pursuant to the First Tier Agreement and all other information provided by the Originator to the SPV
pursuant to the Transaction Documents. 
 (ix) Shareholders Statements and Reports. If the Servicer is CCG, and it has
a class of securities registered under the Securities Exchange Act of 1934, as amended, then promptly upon the furnishing thereof to such securities holders of the Servicer, copies of all financial statements, reports and proxy statements so
furnished. 
 (x) SEC Filings. Promptly upon the filing thereof, copies of all registration statements and annual,
quarterly, monthly or other regular reports which the Servicer (if the Servicer is CCG), or any of its Subsidiaries, filed with the Securities and Exchange Commission. 

  
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 (xi) New Equipment Types. Along with each Servicer Report, notice of any
new Equipment types being financed by the SPV. 
 (xii) Issuance of Equity or Indebtedness. Promptly after each
issuance of equity securities or Indebtedness (excluding commitments under revolving debt facilities of CCG or any of its Subsidiaries in existence on the Closing Date) in excess of $5,000,000 by CCG, the Servicer (if the Servicer is CCG) shall
notify the Facility Agent in writing of the amount of net cash proceeds and value of property received. 
 (xiii)
Appointment of Independent Manager. The Servicer and the SPV shall notify the Facility Agent of any decision to appoint a new director of the SPV as the “Independent Manager” for purposes of this Agreement, such notice to be
issued not less than ten (10) days prior to the effective date of such appointment and certify in such notice that the designated Person satisfies the criteria set forth in the definition herein of “Independent Manager.” 

(xiv) Servicer Reports. By no later than 4:00 p.m. (Chicago, Illinois time) on each Reporting Date, the Servicer shall
prepare and forward to the Facility Agent and each Administrator a Servicer Report in respect of the immediately preceding Settlement Period, certified by the SPV and the Servicer. 

(xv) Hedging Reports. The Servicer shall prepare Hedging Reports as required by Section 5.3(b) hereof. 

(b) Conduct of Business; Ownership. The SPV shall carry on and conduct its business in substantially the same manner and in
substantially the same fields of enterprise as it is presently conducted and do all things necessary to remain duly organized, validly existing and in good standing as a domestic corporation or limited liability company, as applicable, in its
jurisdiction of organization and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where failure to have such authority would not have a Material Adverse Effect. The SPV shall at
all times be a wholly-owned Subsidiary of Originator. 
 (c) Compliance with Laws, Etc. The SPV shall comply with all Laws to which
it or its respective properties may be subject and preserve and maintain its corporate or limited liability company existence, rights, franchises, qualifications and privileges except where failure to so comply would not have a Material Adverse
Effect. 
 (d) Furnishing of Information and Inspection of Records. Each of the SPV and the Servicer shall at any time and from time
to time during regular business hours, upon reasonable notice, as requested by the Facility Agent or any Administrator, permit any Agent, or its agents or representatives, (i) to examine and make copies of and take abstracts from all books,
records and documents (including computer tapes and disks) relating to the Pool Receivables or other Affected Assets, including the related Contracts and (ii) to visit the offices and properties of the SPV or the Servicer, as applicable, for
the purpose of examining such materials described in clause (i), and to discuss matters relating to the Affected Assets or the SPV’s or the Servicer’s performance hereunder, under the Contracts and under the other Transaction
Documents to 

  
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which such Person is a party with any of the officers, directors, or in the presence of an officer, employees or independent public accountants, of the SPV or the Servicer, as applicable, having
knowledge of such matters. Prior to the occurrence of a Termination Event, the reasonable out-of-pocket costs and expenses of the first such audit in any calendar year shall be borne by the SPV and any additional audits shall be at the expense of
the person performing such audit; after the occurrence of a Termination Event, the reasonable out-of-pocket costs and expenses of all such audits shall be borne by the SPV. The first inspection and report pursuant to Section 7.2(c)
hereof shall be performed in conjunction with the first such audit in any calendar year for which the SPV is required to reimburse the Facility Agent. 

(e) Keeping of Records and Books of Account. The SPV and the Servicer shall maintain and implement administrative and operating
procedures (including an ability to recreate records evidencing Pool Receivables and related Contracts in the event of the destruction of the originals thereof), and keep and maintain, all documents, books, computer tapes, disks, records and other
information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to permit the daily identification of substantially all new Pool Receivables and all Collections of and adjustments to each existing
Pool Receivable). The Servicer may perform the foregoing obligation on behalf of the SPV. 
 (f) Performance and Compliance with
Receivables and Contracts and Credit and Collection Policy. The SPV shall, at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts
related to the Pool Receivables; and the SPV and the Servicer, as to itself, shall timely and fully comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract. The Servicer may
perform the foregoing obligations on behalf of the SPV. 
 (g) Notice of Facility Agent’s Interest. In the event that the SPV
shall sell or otherwise transfer any interest in accounts receivable or any other financial assets (other than as contemplated by the Transaction Documents), any computer tapes or files or other documents or instruments provided by the Servicer in
connection with any such sale or transfer shall, to the extent that such computer tapes, files or other documents or instruments contain any references to the Pool Receivables, the SPV shall disclose the SPV’s ownership of the Pool Receivables
and the Facility Agent’s security interest therein. 
 (h) Instructions to the Obligors. The Servicer shall instruct all
Obligors to cause all Collections to be deposited directly to a Lock-Box Account or to post office boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes
to be removed by the applicable Lock-Box Bank and deposited into a Lock-Box Account on a daily basis. 
 (i) Sale Treatment. The SPV
shall not account for, or otherwise treat, the transactions contemplated by the First Tier Agreement in any manner other than as a sale of Receivables by the Originator to the SPV (except to the extent otherwise required (i) for United States
federal income tax purposes under the Code or (ii) by the application of consolidated financial reporting principles under GAAP). 

  
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 (j) Separate Business; Nonconsolidation. The SPV shall not (i) engage in any business
not permitted by its limited liability company agreement or by-laws as in effect on the Closing Date or (ii) conduct its business or act in any other manner which is inconsistent with Section 3.1(y). The officers and directors of
the SPV (as appropriate) shall make decisions with respect to the business and daily operations of the SPV independent of and not dictated by Originator or any other controlling Person except as contemplated by the servicing arrangements hereunder.

 (k) Organizational Documents. The SPV shall only amend, alter, change or repeal its limited liability company agreement and other
formation documents with the prior written consent of the Majority Lenders. The SPV shall maintain its organizational documents in conformity with this Agreement, such that its organizational documents, at all times that this Agreement is in effect,
provide for not less than three (3) days’ prior written notice to the Facility Agent of the replacement or appointment of any manager that is to serve as an Independent Manager for purposes of this Agreement. After the Closing Date, the
SPV shall obtain the Facility Agent’s written acknowledgement that in its reasonable judgment the designated person who is being appointed as an Independent Manager satisfies the criteria set forth in the definition of Independent Manager prior
to appointing a Person who is employed by a company other than Amacar Group, Global Securitization Services, LLC, CT Corporation, National Corporate Research, Ltd., Lord SPV, Lord Securities Corporation, or any of their respective Affiliates. 

(l) Ownership Interest, Etc. The SPV shall, at its expense, take all action necessary or desirable to establish and maintain a
perfected security interest in favor of the Facility Agent for the benefit of the Secured Parties in the Affected Assets free and clear of any Adverse Claim (other than Permitted Adverse Claims), including taking such action to perfect, protect or
more fully evidence the security interest of the Facility Agent, as the Facility Agent may reasonably request. 
 (m) Enforcement of
First Tier Agreement; Amendment to First Tier Agreement or Any Hedging Agreement. The SPV, on its own behalf and on behalf of the Facility Agent and each Lender, shall promptly enforce all covenants and obligations of the Originator contained in
the First Tier Agreement. The SPV shall not, without prior written consent of the Majority Lenders, give any consents, approvals, directions, notices, waivers or otherwise take other similar actions under the First Tier Agreement or cancel,
terminate, amend, modify, or supplement the First Tier Agreement or, if there shall then exist a Termination Event, any Hedging Agreement, or waive any provision thereof; nor shall the SPV take any other action under the First Tier Agreement or any
Hedging Agreement; in each case that would have a Material Adverse Effect on any Agent or any Lender or which would violate the terms of this Agreement. 

(n) Notes. Until such time as the UCC of each State of the United States is amended in order to permit perfection of security interests
in promissory notes and other instruments executed by Obligors in connection with each Pool Receivable by the filing of financial statements under the UCC, (i) the SPV shall maintain, or cause to be maintained, all of the promissory notes and
other instruments evidencing Pool Receivables in the State of North Carolina, Illinois and the state in which the Custodian maintains the Custodian Files, except as necessary to enforce any such notes or instruments; and (ii) the SPV will
deliver all such notes and instruments to the Custodian. 

  
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 (o) Deposits to Collection Account. The SPV and the Servicer shall not deposit or
otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the
Pool Receivables. The SPV and the Servicer shall at all times direct the Intercreditor Master Agent, and provide written disbursement instructions to the Intercreditor Master Agent directing it, to disburse funds from the Lock-Box Account which is
subject to the Intercreditor Agreement to the Collection Account in accordance with Section 4(f) of the Intercreditor Agreement. 

(p) Use of Proceeds. The SPV will use the proceeds of the Loans only to acquire Affected Assets in accordance with the terms of the
First Tier Agreement and to pay expenses related to such acquisitions. 
 (q) Taxes. Each of the SPV and the Servicer will file all
tax returns and reports required by law to be filed by it and will promptly pay all taxes and governmental charges at any time owing by it (other than any amount of tax the validity of which is currently being contested in good faith by appropriate
proceedings and with respect to which reserves in accordance with GAAP have been provided on the books of such Person). 
 (r)
Insurance. The SPV will cause the related Obligors to maintain an Insurance Policy covering general liability insurance with financially sound and reputable insurance companies covering all Equipment owned or leased by such Obligor in such
amounts and against such risks as are customarily maintained by companies engaged in the same or similar businesses operating in the same or similar locations. The Servicer may perform the foregoing obligations on behalf of the SPV. To the extent
the Intercreditor Agreement sets forth any insurance requirements on Equipment and other property of the SPV or the Servicer, the SPV and the Servicer shall at all times ensure that insurance policies are maintained in compliance with any such
requirements set forth in the Intercreditor Agreement. 
 (s) Titles. At all times after the occurrence of a Termination Event, the
SPV and the Servicer shall cause all titles to Equipment evidenced by a certificate of title to be delivered to the Custodian within ten (10) Business Days after the Facility Agent has requested such certificates of title be delivered to the
Custodian (with a copy of such request to be delivered to the Custodian). 
 (t) Custodian File. Within five (5) Business Days
after each Borrowing Date, Purchase Date or Substitution Date, the SPV, or the Servicer on its behalf, shall cause to be delivered to the Custodian an accurate and complete Custodian File for each Pool Receivable which was sold or substituted, as
applicable, on such Borrowing Date or Substitution Date. Each Custodian File shall be clearly marked with a Contract number, which shall be used by the SPV and the Facility Agent to indentify such Contract and the related Pool Receivable. 

(u) Servicer File. The Servicer shall at all times maintain a true and correct Servicer File with respect to each Pool Receivable,
which shall be clearly marked with a Contract number, which shall be used by the SPV and the Facility Agent to indentify such Contract and the related Pool Receivable. 

  
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 SECTION 5.2 Negative Covenants of the SPV and Servicer. At all times from the date hereof
to the Final Payout Date, unless the Majority Lenders shall otherwise consent in writing, the SPV hereby covenants and agrees with the Lenders and the Administrators as to itself only, and the Servicer hereby covenants and agrees with the Lenders
and the Administrators as to itself only, as follows (it being understood and agreed, for the avoidance of doubt, that the covenants of the SPV and the Servicer have been combined herein for ease of documentation only): 

(a) No Sales, Liens, Etc. 

(i) Except as otherwise provided herein, neither the Servicer nor the SPV shall sell, assign (by operation of law or otherwise)
or otherwise dispose of, or create or suffer to exist any Adverse Claim (other than Permitted Adverse Claims) upon, or file any financing statement with respect to: (x) any of the Affected Assets, or (y) any inventory or goods (including
the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof; provided that the SPV may substitute Pool Receivables in accordance with Section 6.5; and 

(ii) the SPV shall not issue any security to, or sell, transfer or otherwise dispose of any of its property or other assets
(including the property sold to it by the Originator under Section 2.1 of the First Tier Agreement) to, any Person other than as otherwise expressly provided for in the Transaction Documents (including, without limitation,
Section 6.10 hereof). 
 (b) No Extension or Amendment of Receivables. Except as otherwise permitted in
Section 7.2, neither the SPV nor the Servicer shall extend, amend or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract related thereto. 

(c) No Change in Business or Credit and Collection Policy. The SPV may not make or permit to be made any change in the character of its
business and the Servicer may not make or permit to be made any change in the Credit and Collection Policy, which change would, in either case, impair the collectability of a material portion of the Pool Receivables or otherwise have a Material
Adverse Effect without the prior written consent of the Facility Agent. 
 (d) No Subsidiaries, Mergers, Etc. The SPV shall not
consolidate or merge with or into, or sell, lease or transfer all or substantially all of its assets to, any other Person or dissolve or terminate; or create, acquire, have, maintain or hold or own any equity interest in any Subsidiary or any other
Person; or acquire or own any material assets other than the Affected Assets. 
 (e) Change in Payment Instructions to Obligors.
Neither the SPV nor the Servicer shall add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Schedule 3.1(s) or make any change in its instructions to Obligors regarding payments to be
made to any Lock-Box Account, unless (i) such instructions are to 

  
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deposit such payments to another existing Lock-Box Account or to the Collection Account, or (ii) the Facility Agent shall have received written notice of such addition, termination or change
at least thirty (30) days prior thereto. 
 (f) Change of Name, Etc. The SPV shall not change its name, identity, jurisdiction
of formation or structure (including through a merger) or the location of its chief executive office or any other change which, in the case of any of the foregoing, could render any UCC financing statement filed in connection with this Agreement or
any other Transaction Document to become “seriously misleading” under the UCC or change its jurisdiction of organization, unless at least thirty (30) days prior to the effective date of any such change the SPV delivers to the Facility
Agent such documents, instruments or agreements, executed by the SPV, as are necessary to reflect such change and to continue the perfection of the Facility Agent’s security interests in the Affected Assets. The SPV will not become or seek to
become organized under the laws of more than one jurisdiction. 
 (g) Other Debt. Except as provided herein, the SPV shall not
create, incur, assume or suffer to exist any Indebtedness or any other liability (whether direct or contingent, including guaranteeing any obligation), whether current or funded, other than (i) Indebtedness of the SPV representing fees,
expenses and indemnities arising hereunder or under the First Tier Agreement or for the purchase price of the Pool Receivables and other Affected Assets under the First Tier Agreement, (ii) taxes and expenses incurred in the ordinary course of
business, and (iii) other Indebtedness incurred in the ordinary course of its business in an amount not to exceed $100,000 at any time outstanding. 

(h) Payment to the Originator. The SPV shall not purchase any Receivable other than through, under, and pursuant to the terms of, the
First Tier Agreement. 
 (i) Restricted Payments. The SPV shall not (A) purchase or redeem any shares of its capital stock,
(B) prepay, purchase or redeem any Indebtedness (other than as specifically permitted hereunder), (C) lend or advance any funds or (D) repay any loans or advances to, for or from any of its Affiliates (the amounts described in
clauses (A) through (D) being referred to as “Restricted Payments”), except that the SPV may (1) make Restricted Payments out of funds received pursuant to Section 2.16 and (2) may make
other Restricted Payments (including the payment of dividends) if, after giving effect thereto, no Termination Event or Potential Termination Event shall exist. 

SECTION 5.3 Hedging Requirements. 

(a) Within five (5) Business Days of each Borrowing Date, the SPV shall enter into one or more Hedging Agreements with respect to the
Loans. If at any time the SPV fails to enter into any Hedging Agreement required hereunder, the Facility Agent, may, and shall at the direction of the Majority Lenders, at the expense of the SPV, enter into such Hedging Agreement(s) on terms
determined by the Facility Agent in its discretion (or if it has been instructed as to the terms of any such Hedging Agreement by the Lenders, on such terms), and the SPV will, on the Payment Date following demand (so long as demand is made at least
five (5) Business Days prior to any Payment Date) reimburse the Facility Agent for any cost or expense incurred or payment made by the Facility Agent in entering into any such Hedging 

  
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Agreement(s). The Lenders pro rata agree to indemnify and reimburse the Facility Agent for any cost or expense incurred or payment made by the Facility Agent and not otherwise reimbursed by the
SPV. 
 (b) Each Hedging Agreement shall specify a notional amount and provide for the payment of interest on such notional amount on each
Settlement Date payable: (i) by the SPV to the Hedge Counterparty (calculated by reference to the fixed rate set forth therein), and (ii) by the Hedge Counterparty to the Collection Account (calculated by reference to the floating rate set
forth therein), in each case, in accordance with the related Hedging Agreement. On each Reporting Date, Securitization Date and the date of any prepayment of the Loans, the SPV (or the Servicer on its behalf) shall provide the Facility Agent with a
report (each such report a “Hedging Report”) showing (i) the aggregate notional amounts of all Hedging Agreements as of the most recent Month End Date (each such date a “Hedge Determination Date”) and all
scheduled reductions of such notional amounts (the scheduled aggregate amount of notional amounts of all Hedging Agreements as of any time the (“Scheduled Notional Amount”)), and (ii) aggregate outstanding principal amount of
all the Loans as of such Hedge Determination Date and the projected amortization of such Loans (the projected aggregate outstanding principal amount of all the Loans at any time the (“Projected Loan Amount”)). The Scheduled Notional
Amount shall not at any point in time (A) exceed 110% of the Projected Loan Amount, or (B) be lower than 80% of the Projected Loan Amount. The provisions of the immediately preceding sentence shall not apply at any time after the projected
amount of the aggregate Outstanding Balance of the Pool Receivables would be less than 5% of the Outstanding Balance of the Pool Receivables as of the related Hedge Determination Date. Notwithstanding anything contained herein to the contrary, at no
time will the Scheduled Notional Amount be permitted to exceed the projected Outstanding Balance of the Pool Receivables at such time (based on the expected amortization of the Pool Receivables). The SPV and the Servicer shall cause the hedging
requirements of this Section 5.3(b) to be satisfied (A) on each Securitization Date, (B) on the date of any prepayment of the Loans, and (C) by no later than the next Settlement Date to occur after each Reporting Date or
such later time period as the Facility Agent may agree. 
 (c) On each Settlement Date, (i) if the amount of interest payable by the
SPV to the Hedge Counterparty is greater than the interest amount payable by the Hedge Counterparty to the Collection Account, the SPV shall pay or cause to be paid such deficiency in immediately available funds to the Hedge Counterparty in
accordance with the order of priority set forth in Section 2.16, and (ii) if the amount payable by the Hedge Counterparty to the Collection Account is greater than the interest amount payable by the SPV to the Hedge Counterparty,
the Hedge Counterparty shall transfer an amount equal to such deficiency to the Collection Account and such amount shall constitute the Collections under this Agreement. 

ARTICLE VI 
 THE
COLLATERAL 
 SECTION 6.1 Grant of Security. To secure the due and punctual payment of the Loans, interest thereon, amounts due
under the Fee Letter and the due and punctual payment and performance of all its obligations now and hereafter existing or arising under this Agreement and the other Transaction Documents, whether for principal, interest, costs, fees, expenses,

  
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indemnification or otherwise, the SPV hereby assigns and pledges to the Facility Agent, and does hereby grant to the Facility Agent, for the benefit of the Secured Parties, a lien on and security
interest in all of its right, title and interest in and to the Affected Assets. The SPV hereby authorizes the Facility Agent to file any and all financing statements covering the Affected Assets or any part thereof as the Facility Agent may require,
including financing statements describing the Affected Assets as “all assets” or “all personal property” or words of like meaning. 

SECTION 6.2 Rights Under the First Tier Agreement. In addition to assigning to the Facility Agent, for the benefit of the Secured
Parties, all of its rights and remedies under the First Tier Agreement the SPV hereby agrees that (i) the Facility Agent and the Lenders shall be third party beneficiaries of the SPV’s rights under the First Tier Agreement and
(ii) the Facility Agent, on behalf of the Lenders, shall be entitled to enforce such rights against the Originator if the SPV does not enforce such rights following notice from the Facility Agent, as if the Facility Agent and the Lenders had
been parties to the First Tier Agreement. 
 SECTION 6.3 Continuing Security Interest. 

This Agreement shall create a continuing security interest in the Affected Assets and shall: 

(a) remain in full force and effect until the Facility Agent’s interest in the Affected Assets shall have been released in accordance
with Section 6.8; 
 (b) be binding upon the SPV, and its successors, transferees and assigns; and 

(c) inure, together with the rights and remedies of the Facility Agent hereunder, to the benefit of the Facility Agent and each Secured Party
and their respective successors, transferees and assigns. 
 SECTION 6.4 Priority. The SPV intends the security interest created
hereunder in favor of the Facility Agent, for the benefit of the Secured Parties, to be prior to all other Adverse Claims (other than Permitted Adverse Claims described in clause (iii) of the definition thereof) in respect of the
Affected Assets. The SPV shall take (at its own expense) all actions necessary to perfect and maintain the perfection of the Facility Agent’s security interest in the Affected Assets, including, without limitation, the filing of appropriate UCC
financing statements in each applicable jurisdiction. The Facility Agent shall have all the rights, remedies and recourse with respect to the Affected Assets afforded a secured party under the UCC in the applicable jurisdiction and all other
Applicable Laws in addition to, and not in limitation of, the other rights, remedies and recourse granted to the Facility Agent by this Agreement or any other Law relating to the creation and perfection of Liens on, and security interests in, the
Affected Assets. 
 SECTION 6.5 Substitution of Receivables. (a) On any day during the Revolving Period, the SPV may replace any
Pool Receivable which has been pledged to the Facility Agent hereunder with one or more Eligible Receivables (together with any Pool Receivable replaced in accordance with Section 6.5(b), each, a “Substitute
Receivable”); provided, that, no such replacement shall occur unless each of the following conditions is satisfied as of the date of such replacement and substitution (such date, the “Substitution Date”): 

(i) the SPV has recommended to the Facility Agent (with a copy to the Servicer) in writing that the Pool Receivable to be
replaced should be replaced (each, a “Replaced Receivable”); 

  
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 (ii) each Substitute Receivable is of similar terms, interest rate and dollar
value and is an Eligible Receivable on the Substitution Date; 
 (iii) after giving effect to any such substitution, the
aggregate outstanding principal amount of all the Loans does not exceed the lesser of (A) the Facility Limit and (B) the Borrowing Base then in effect; 

(iv) all representations and warranties of the SPV contained in the Transaction Documents shall be true and correct as of the
Substitution Date, except to the extent relating to an earlier date; 
 (v) the substitution of any Substitute Receivable
does not cause a Termination Event or Potential Termination Event to occur; 
 (vi) the SPV shall deliver to the Facility
Agent on the Substitution Date a certificate of a responsible officer certifying that each of the foregoing is true and correct as of such date; and 

(vii) the aggregate principal amount of all Pool Receivables which have become Substitute Receivables hereunder because the
Replaced Receivable was a Defaulted Receivable does not exceed 10% of the Outstanding Balance (measured as of the applicable Cut-Off Date) of the Pool Receivables contributed or transferred pursuant to the First Tier Agreement as of such
Substitution Date. 
 (b) On any day after the occurrence of the Amortization Date (and after a Termination Event, at the discretion of the
Facility Agent), the SPV may provide a Substitute Receivable for a Replaced Receivable; provided, that, no such replacement shall occur unless each of the following conditions is satisfied as of the related Substitution Date; 

(i) the SPV has recommended to the Facility Agent (with a copy to the Servicer) in writing that the Replaced Receivable to be
replaced should be replaced; 
 (ii) each Substitute Receivable is of similar terms, interest rate and dollar value and is an
Eligible Receivable on the Substitution Date; 
 (iii) after giving effect to any such substitution, the aggregate
outstanding principal amount of all the Loans does not exceed the lesser of (A) the Facility Limit and (B) the Borrowing Base then in effect; 

  
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 (iv) all representations and warranties of the SPV contained in the Transaction
Documents shall be true and correct as of the Substitution Date, except to the extent relating to an earlier date; 
 (v) the
substitution of any Substitute Receivable does not cause a Termination Event or Potential Termination Event to occur; 
 (vi)
the SPV shall deliver to the Facility Agent on the Substitution Date a certificate of a responsible officer certifying that each of the foregoing is true and correct as of such date; 

(vii) the Obligor with respect to such Replaced Receivable has not given notice of or otherwise indicated an intention to
prepay all or any portion of such Replaced Receivable; 
 (viii) the aggregate principal amount of all Pool Receivables which
have become Substitute Receivables hereunder following the Amortization Date does not exceed 10% of the Outstanding Balance of the Pool Receivables as of the Amortization Date; and 

(ix) the aggregate principal amount of all Pool Receivables which have become Substitute Receivables because they were
Defaulted Receivables does not exceed 10% of the Outstanding Balance of the Pool Receivables contributed or transferred pursuant to the First Tier Agreement. 

SECTION 6.6 Protection of Security Interest of the Secured Parties. The SPV agrees that it shall, from time to time, at its expense,
promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Facility Agent may reasonably request in order to perfect or protect the Secured Parties’ security interest in the Affected Assets or
to enable the Facility Agent or the Secured Parties to exercise or enforce any of their respective rights hereunder. Without limiting the foregoing, the SPV shall, upon the request of the Facility Agent or any of the Secured Parties,
(i) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and filed pursuant hereto) as may be requested by the Facility Agent or any of the Secured
Parties, (ii) mark its respective master data processing records and other documents with a legend describing the security interest granted to the Facility Agent, for the benefit of the Secured Parties, in the Affected Assets, and
(iii) take all commercially reasonable actions necessary to remove any Adverse Claims (other than Permitted Adverse Claims) on the Affected Assets, including, but not limited to, releasing financing statements. The SPV shall, upon request of
the Facility Agent or any of the Secured Parties, obtain such additional search reports as the Facility Agent or any of the Secured Parties shall reasonably request. To the fullest extent permitted by Applicable Law, the Facility Agent shall be
permitted to sign and file continuation statements and amendments thereto and assignments thereof without the SPV’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a
financing statement. The Servicer may perform the foregoing obligations on behalf of the SPV. 

  
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 SECTION 6.7 Power of Attorney. 

(a) The SPV hereby irrevocably appoints the Facility Agent as its attorney-in-fact with right of substitution so that the Facility Agent or
any Person designated by the Facility Agent shall be authorized, without need of further authorization from the SPV but only from and after, and during the continuance of, a Termination Event to take any action and to execute any instrument that the
Facility Agent (or such designee) may be directed to take or may be necessary or advisable to accomplish the purposes of this Agreement, including (during the existence of a Termination Event) to ask, demand, collect, sue for, recover, compromise,
receive and give acquittance and receipts for moneys due and to become due under or in connection with the Affected Assets, to receive, endorse and collect any drafts or other documents in connection therewith, and to file any claims or take any
action or institute any proceedings that the Facility Agent (or such designee) may deem to be necessary or desirable for the collection thereof or to enforce compliance with the terms and conditions of, or to perform any obligations or enforce any
rights of the SPV in respect of, the Affected Assets. 
 (b) The SPV hereby confirms and ratifies any and all actions taken by the Facility
Agent or any other Person empowered by the Facility Agent as such Person’s attorney-in-fact pursuant to the powers granted hereunder. 

(c) This special power of attorney shall be deemed coupled with an interest and cannot be revoked by the SPV until all the Senior Obligations
shall have been finally and fully paid and performed. 
 SECTION 6.8 Release of Collateral. Following the Final Payout Date or in
connection with a sale permitted under Section 5.2(a), or 6.10, the Facility Agent shall promptly release its security interest in the Affected Assets subject to such permitted sale (or in the case of the Final Payout Date all of
the Affected Assets). The SPV shall pay any Hedge Breakage Costs due and owing to the Hedge Counterparties pursuant to the Hedging Agreement on the date of any such release of Affected Assets. 

SECTION 6.9 Effect of Release. When the release of the Affected Assets is effective in accordance with Section 6.8, all
right, title and interest of the Facility Agent in, to and under the Affected Assets which were released pursuant to Section 6.8 shall terminate and shall revert to the SPV, its successors and assigns, and the right, title and interest
of the Facility Agent therein shall thereupon cease, terminate and become void; and, upon the written request of the SPV, its successors or assigns, and at the cost and expense of the SPV, its successors or assigns, the Facility Agent shall execute
such UCC-3 financing statements or such other instruments as are provided to it as necessary or desirable to terminate and remove of record any documents constituting public notice of this Agreement and, in any case, the security interests and
assignments granted hereunder with respect to the Affected Assets and shall assign and transfer, or cause to be assigned and transferred, and shall deliver or cause to be delivered to the SPV, all property, including all moneys, instruments and
securities, of the SPV then held by the Facility Agent with respect to such Affected Assets. 

  
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 SECTION 6.10 Securitizations. 

(a) On any Securitization Date, the SPV shall have the right to prepay all or a portion of the Loans in accordance with
Section 2.8 hereof in connection with the sale and assignment of all or a portion of the Affected Assets, as the case may be (each, a “Securitization”), subject to the following terms and conditions: 

(i) the SPV shall have given the Facility Agent at least fifteen (15) Business Days’ prior written notice of its
intent to effect a Securitization, unless such notice is waived or reduced by the Facility Agent; 
 (ii) any Securitization
shall be in connection with a Permitted Term Securitization Transaction; 
 (iii) to the extent that the proposed
Securitization relates to less than all of the Loans outstanding at such time, after giving effect to such Securitization and the assignment to the SPV of all or a portion of the Affected Assets, as the case may be, on any Securitization Date,
(v) the aggregate outstanding principal amount of all the Loans shall not exceed the lesser of the Facility Limit and the Borrowing Base, (w) the representations and warranties contained in Sections 3.1 and 3.2 hereof shall continue
to be correct in all material respects, except to the extent relating to an earlier date, (x) the eligibility of any Pool Receivable remaining as part of the Affected Assets after the Securitization will be redetermined as of the Month End Date
immediately preceding the Securitization Date according to the terms hereof, (y) the Concentration Limit Excess will be redetermined as of the Month End Date immediately preceding the Securitization Date according to the terms hereof, and
(z) neither an Potential Termination Event nor a Termination Event shall be continuing or shall have resulted from such Securitization; 

(iv) on the related Securitization Date, the Facility Agent, on behalf of each Administrator, Lender, and Hedge Counterparty
shall have received, as applicable, in immediately available funds, an amount reasonably determined by the Facility Agent to equal to the sum of (x) the portion of the Loans to be prepaid, plus (y) an amount equal to all unpaid
interest on such portion of the Loans to be paid (to the extent it is requested that such interest be paid at such time by the applicable Administrator), plus (z) an aggregate amount equal to the sum of all other amounts due and owing to
the Facility Agent, the Servicer, the Backup Servicer, the Custodian, the Administrators, the Lenders, the Indemnified Parties and the Hedge Counterparties, as applicable, under this Agreement and the other Transaction Documents, to the extent
accrued to such date and to accrue thereafter (including, without limitation, breakage costs and Hedge Breakage Costs); 

(v) on or prior to each Securitization Date, the SPV shall have delivered to the Facility Agent a list specifying all Pool
Receivables to be sold and assigned pursuant to such Securitization; and 
 (vi) in selecting the Affected Assets to be
included in the Securitization, there shall be no adverse selection which could reasonably be expected to be materially unfavorable to the Secured Parties. 

  
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 (b) In connection with any Securitization, simultaneously with the receipt by the Facility Agent
on behalf of the Administrators of the amounts referred to in clause (iv) above, there shall be sold and assigned to the SPV without recourse, representation or warranty all of the right, title and interest of the Facility Agent for the
benefit of the Secured Parties in, to and under the portion of the Affected Assets so retransferred and such portion of the Affected Assets so retransferred shall be released from the lien of this Agreement (subject to the requirements of clause
(iii) above). 
 (c) The SPV hereby agrees to pay the reasonable and documented legal fees and expenses of the Facility Agent, each
Administrator and the Secured Parties in connection with any Securitization (including, but not limited to, expenses incurred in connection with the release of the lien of the Facility Agent in the Affected Assets in connection with such
Securitization). 
 (d) In connection with any Securitization, on the related Securitization Date, the Facility Agent, on behalf of the
Secured Parties, shall, at the expense of the SPV and pursuant to Section 6.8, (i) execute such instruments of release with respect to the portion of the Affected Assets to be retransferred to the SPV, in recordable form if
necessary, in favor of the SPV as the SPV may reasonably request, (ii) deliver any portion of the Affected Assets to be retransferred to the SPV in its possession to the SPV and (iii) otherwise take such actions as are necessary and
appropriate to release the lien of the Facility Agent and the Secured Parties on the portion of the Affected Assets to be retransferred to the SPV and release and deliver to the SPV such portion of the Affected Assets to be retransferred to the SPV.

 ARTICLE VII 

ADMINISTRATION AND COLLECTIONS 

SECTION 7.1 Appointment of Servicer; Successor Servicer. 

(a) The servicing, administering and collection of the Pool Receivables shall be conducted by the Person (the “Servicer”) so
designated from time to time as Servicer in accordance with this Section 7.1. Each of the SPV, the Facility Agent and the Lenders hereby appoints as its agent the Servicer, from time to time designated pursuant to this
Section 7.1, to service the Pool Receivables and to enforce its respective rights and interests in and under the Affected Assets. To the extent permitted by Applicable Law, the SPV hereby grants to any Servicer appointed hereunder an
irrevocable power of attorney to take any and all steps in the SPV’s and/or the Originator’s name (to the extent the SPV has the authority to do so) and on behalf of the SPV as necessary or desirable, in the reasonable determination of the
Servicer, to collect all amounts due under any and all Pool Receivables, including endorsing the SPV’s and/or the Originator’s name on checks and other instruments representing Collections and enforcing such Pool Receivables and the
related Contracts and to take all such other actions set forth in this Article VII. Until the Facility Agent gives notice to CCG (in accordance with this 

  
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Section 7.1) of the designation of a new Servicer during the existence of a Servicer Default, CCG is hereby designated as, and hereby agrees to perform the duties and obligations of,
the Servicer pursuant to the terms hereof. During the existence of a Servicer Default, the Facility Agent may, and upon the direction of the Majority Lenders shall, designate as Servicer any Person (including the Backup Servicer or itself) to
succeed CCG or any Successor Servicer (the “Successor Servicer”), on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms hereof. Upon
such agreement by the Successor Servicer, all authority and power of the Servicer under this Agreement shall pass to and be vested in the Successor Servicer and all references in this Agreement to the Servicer shall be deemed to refer to the
Successor Servicer. As compensation, any Successor Servicer (including, without limitation, the Backup Servicer and the Facility Agent) so appointed shall be entitled to receive the Servicing Fee and any reasonable out-of-pocket expenses, together
with any other servicing compensation in the form of assumption fees or otherwise as provided herein, including, without limitation, the reasonable costs (including reasonable attorneys’ fees) of the Successor Servicer incurred in connection
with the transferring of servicing obligations under this Agreement. 
 (b) Upon the designation of a Successor Servicer as set forth above,
CCG agrees that it will terminate its activities as Servicer hereunder in a manner which the Facility Agent determines will facilitate the transition of the performance of such activities to the Successor Servicer, and CCG shall cooperate with and
assist such Successor Servicer. Such cooperation shall include access to and transfer of records and use by the Successor Servicer of all records, licenses, hardware or software necessary or desirable to collect the Pool Receivables and the Related
Security. 
 (c) CCG acknowledges that the SPV, the Facility Agent and the Lenders have relied on CCG’s agreement to act as Servicer
hereunder in making their decision to execute and deliver this Agreement. Accordingly, CCG agrees that it will not voluntarily resign as Servicer unless required by Law. 

(d) The Servicer may delegate its duties and obligations hereunder to any Affiliate subservicer or to any repossession agent, legal counsel,
remarketing agent, equipment inspection firm or other agency or firm performing similar duties (each, a “Sub-Servicer”); provided that, in each such delegation, (i) such Sub-Servicer shall agree in writing to perform the
duties and obligations of the Servicer pursuant to the terms hereof, (ii) the Servicer shall remain primarily liable to the SPV, the Agents and the Lenders for the performance of the duties and obligations so delegated, (iii) the SPV, the
Agents and the Lenders shall have the right to look solely to the Servicer for performance and (iv) the terms of any agreement with any Sub-Servicer shall provide that the Facility Agent may terminate such agreement upon the termination of the
Servicer hereunder by giving notice of its desire to terminate such agreement to the Servicer (and the Servicer shall provide appropriate notice to such Sub-Servicer). 

(e) CCG hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall act (if the then current Servicer
so requests) for a reasonable period of time following the termination of the Servicer as the data-processing agent of the Servicer and, in such capacity, the Originator shall conduct the data-processing functions of the administration of the Pool
Receivables and the Collections thereon in substantially the same way that the Originator conducted such data-processing functions while it acted as the Servicer. 

  
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 (f) Any Successor Servicer hereunder may, to the extent agreed by all Agents, use credit and
collection policies and procedures other than the Credit and Collection Policy in servicing the Pool Receivables. 
 (g) The Backup Servicer
hereby accepts any appointment of it as Successor Servicer that the Facility Agent may make from time to time pursuant to Section 7.1(a) and agrees to assume all duties and obligations of the Servicer hereunder, subject to the following
limitations: PFSC, as Successor Servicer shall not be responsible for: investing deposits in Eligible Investments (Section 2.13); representations and warranties of the initial Servicer (Section 3.1); any financial accounting
reporting requirements of itself, the SPV or initial Servicer (Section 5.1); maintaining security interest perfection on behalf of the Facility Agent, Lenders or Secured Parties (Section 6.6 and 7.2); initiate legal proceedings in
PFSC’s name (Section 7.2 and elsewhere); any indemnity obligations of the initial Servicer or any other party; expending or risking its own funds in its capacity as Backup Servicer or Successor Servicer, unless, in its reasonable
judgment, prompt reimbursement is assured to it; and generally, any corporate, financial accounting reporting or organizational obligations of the SPV. Additionally, with respect to preparation of Hedging Reports (Section 5.1(a)(xv) and
Section 5.3), PFSC’s responsibilities as Successor Servicer shall be to provide reasonable assistance to the Facility Agent in completion of the monthly Hedging Report including providing the Facility Agent with the projected
amortization of the Loans on a monthly basis. Upon the Backup Servicer receiving notice that it is required to serve as the Servicer hereunder pursuant to Section 7.1(a) the Backup Servicer will promptly begin the transition to its role
as Servicer. If the Backup Servicer has become the Servicer hereunder, it shall not resign as servicer until a Successor Servicer has been appointed and accepted such appointment. It is hereby acknowledged and agreed that, notwithstanding the Backup
Servicer’s receipt of notice that it is required to serve as the Servicer hereunder, PFSC shall not be obliged to complete the transfer of servicing and assume the role of successor servicer for so long as the SPV, Initial Servicer, Facility
Agent or any other person fails to provide access to its facilities or items and information necessary to begin servicing the Pool Receivables or PFSC’s ability to take on such servicing role is otherwise frustrated in a continuing and material
manner. SPV and initial Servicer each agree to use commercially reasonable efforts to reasonably cooperate with PFSC in connection with PFSC’s performance of its obligations hereunder, including without limitation, during any transition, if
applicable, from Backup Servicer to Successor Servicer. It is hereby agreed that unless and until the transfer of servicing to PFSC is completed, the initial Servicer shall continue to perform all servicing functions to the extent not being
performed by PFSC. 
 SECTION 7.2 Duties of Servicer. The Servicer shall take or cause to be taken all such action as may be
necessary or advisable to collect each Pool Receivable from time to time, all in accordance with this Agreement and all Applicable Law, with such care and diligence, and in accordance with the Credit and Collection Policy, as are consistent with the
current business practice of the Servicer with respect to similar accounts receivable generally, including those owned by the Servicer for its own account. The Servicer shall take all commercially reasonable actions necessary to maintain the
perfection and priority of the security interest of the Secured Parties and the Facility Agent in the Affected Assets. The Servicer shall hold in 

  
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trust (and, if required hereunder, segregate) for the accounts of the SPV, the Facility Agent and the Lenders the amount of the Collections to which each is entitled in accordance with Article
II. The Servicer shall not extend the maturity of any Pool Receivable or, amend, adjust, modify or extend the date of any Scheduled Payment of any Pool Receivable, other than (i) pursuant to a Permitted Servicer Adjustment or
(ii) extensions and adjustments of the dates of Scheduled Payments of Pool Receivables which have thereupon been immediately treated as Defaulted Receivables and in respect of which all repayments of the Loans which are required as a
consequence of any reduction in the Borrowing Base resulting therefrom have been made in full; provided that if a Termination Event exists, the Servicer may not make any such amendment, adjustment, modification, extension or reduction without
prior written approval of the Facility Agent. The SPV shall deliver to the Servicer and the Servicer shall hold in trust for the SPV and the Facility Agent, on behalf of the Lenders, in accordance with their respective interests, all Records which
evidence or relate to any Affected Asset. Notwithstanding anything to the contrary contained herein, during the existence of a Termination Event, the Facility Agent shall have the absolute and unlimited right to direct the Servicer (whether CCG or
any other Person is the Servicer) to commence or settle any legal action to enforce collection of any Pool Receivable or to foreclose upon or repossess any Affected Asset. The Servicer shall not make any Administrator, the Facility Agent or any of
the Lenders a party to any litigation without the prior written consent of such Person. At any time during the existence of a Termination Event, the Facility Agent may notify any Obligor of its interest in the Pool Receivables and the other Affected
Assets. 
 (b) The Servicer shall, as soon as practicable following receipt and specific identification thereof, turn over to the Originator
all collections received by the Servicer from any Person of indebtedness of such Person to the Originator which are not on account of a Pool Receivable. Notwithstanding anything to the contrary contained in this Article VII, the Servicer, the
SPV and the Originator or any Affiliate of the SPV or the Originator, shall have no obligation to collect, enforce or take any other action described in this Article VII with respect to any such indebtedness other than to deliver to the
Originator the Collections and documents with respect to any such indebtedness as described above in this Section 7.2(b). 
 (c)
In connection with any inspection performed pursuant to Section 5.1(d) hereof, the Servicer shall promptly after the request therefore provide the information and access necessary to generate a report (addressed to the Facility Agent)
which at least satisfies the requirements set forth on Schedule 7.2(c) hereof (as such requirements may be reasonably modified from time to time). If CCG is the Servicer, all reasonable costs and expenses to be incurred by the Servicer in
connection with the provision of such report shall be paid by the SPV. After the occurrence of a Termination Event, the Facility Agent shall have the right to have such reports furnished as frequently as it reasonably deems appropriate at the
expense of the SPV. 
 (d) Any payment by an Obligor in respect of any indebtedness owed by it to the Originator shall, except as otherwise
specified by such Obligor, required by contract or Law or clearly indicated by facts or circumstances (including by way of example an equivalence of a payment and the amount of a particular invoice), be held in suspense until the Servicer determines
the proper application of such payment. If the Servicer is unable to determine such proper application, such payment shall be applied in accordance with the terms of the 

  
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Intercreditor Agreement and if the Intercreditor Agreement is silent or no longer in effect, ratably to the Pool Receivables owing by such Obligor according to the amounts due thereunder. In
negotiating with any Obligor which has insufficient funds to make all required payments on the Pool Receivables, the Servicer will not discriminate adversely to the SPV and the Secured Parties in any manner. 

(e) Notwithstanding anything provided in this Agreement, the Servicer shall not have any obligation to defend or otherwise appear in a legal
proceeding if such legal proceeding is not, in its opinion, incidental to its duties as the Servicer hereunder or otherwise may cause the Servicer to incur legal expenses or liabilities. In performing its duties as Servicer hereunder, the Servicer
may not, under any circumstance, institute a legal proceeding in which the Facility Agent, any Administrator, any Lender or any Program Support Provider are named as plaintiffs, without prior written consent of the applicable Person. For the
avoidance of doubt, PFSC will not initiate legal proceedings in its own name. 
 SECTION 7.3 Lock-Box Accounts. The names and
addresses of all the Lock-Box Banks, together with the numbers of the Lock-Box Accounts at such Lock-Box Banks are specified in Schedule 3.1(s). All Obligors have been instructed to make payment in respect of the Pool Receivables to a
Lock-Box Account. The Servicer shall at all times have the ability to identify and segregate substantially all of the Collections from other funds on deposit in such Lock-Box Account within five (5) Business Days after receipt of such funds and
shall cause such funds that constitute Collections to be remitted to the Collection Account within five (5) Business Days of the receipt of such funds in the Lock-box Account. If any payments on any Receivables are sent directly to the Servicer
rather than to a Lock-Box Account, the Servicer shall remit such payments to a Lock-Box Account within two (2) Business Days of the receipt of the same. The Servicer shall use reasonable efforts to ensure that no funds are transferred out of
the Lock-Box Accounts (other than to the Collection Account) unless the Servicer or the Intercreditor Master Agent has identified and segregated such funds from the Collections. Other than the Intercreditor Agreement, the Servicer has not created,
or participated in the creation of, or permitted to exist, any adverse claims in relation to the Lock-Box Account and will not create, or participate in the creation of, or permit to exist, any Adverse Claims in relation to the Lock-Box Account. The
Servicer shall not amend, modify or supplement the Intercreditor Agreement without the prior written consent of the Facility Agent. 

SECTION 7.4 Enforcement Rights After Termination Event. (a) At any time during the existence of a Termination Event or the
designation of a Servicer (other than CCG or an Affiliate of CCG) pursuant to Section 7.1: 
 (i) the Facility
Agent may direct the Obligors that payment of all amounts payable under any Pool Receivable be made directly to the Facility Agent or its designee; 

(ii) the SPV shall, at the Facility Agent’s request and at the SPV’s expense, give notice to each Obligor of the
Facility Agent’s and the Lender’s security interest in the Pool Receivables and the other Affected Assets and direct each Obligor that payments with respect to the Pool Receivables be made directly to the Facility Agent or its designee,
except that if the SPV fails to so notify each obligor, the Facility Agent may so notify the Obligors; and 

  
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 (iii) the SPV shall, at the Facility Agent’s request, (A) assemble or
make copies of all of the Records in its possession and shall make the same available to the Facility Agent or its designee at a place selected by the Facility Agent or its designee, and (B) segregate all cash, checks and other instruments
received by it which were not deposited into the Lock-Box Account from time to time constituting Collections of Pool Receivables in a manner acceptable to the Facility Agent and shall, promptly upon receipt, remit all such cash, checks and
instruments, duly endorsed or with duly executed instruments of transfer, to the Facility Agent or its designee; 
 (b) The SPV hereby
authorizes the Facility Agent, and irrevocably appoints the Facility Agent, during the existence of a Termination Event, as its attorney-in-fact with full power of substitution and with full authority in the place and stead of the SPV or, to the
extent the SPV has such rights, the Originator, as applicable, which appointment is coupled with an interest, to take any and all steps in the name of the SPV or, to the extent the SPV has such rights, the Originator, as applicable, and on behalf of
the SPV or, to the extent the SPV has such rights, the Originator, as applicable, necessary or desirable, in the determination of the Facility Agent, to collect any and all amounts or portions thereof due under any and all Pool Receivables or
Related Security, including endorsing the name of the Originator (to the extent the SPV has such rights) on checks and other instruments representing Collections and enforcing such Pool Receivables, Related Security and the related Contracts.
Notwithstanding anything to the contrary contained in this subsection (b), none of the powers conferred upon such attorney-in-fact pursuant to the immediately preceding sentence shall subject such attorney-in-fact to any liability if any
action taken by it shall prove to be inadequate or invalid, nor shall they confer any obligations upon such attorney-in-fact in any manner whatsoever. 

SECTION 7.5 Servicer Default. The occurrence of any one or more of the following events shall constitute a “Servicer
Default”: 
 (a) the Servicer shall fail to make any payment or deposit when required to be made by it hereunder or under any other
Transaction Documents and such failure shall remain unremedied for two (2) Business Days; 
 (b) the Servicer shall fail in any
material respect to observe or perform any term, covenant or agreement on its part to be performed under Section 2.13 (Collection Account); Section 2.16 (settlement procedure); Section 2.17 (Collections held in
trust); Section 5.1(a) (reporting requirements); or Section 5.2 (negative covenants) (other than as set forth in clause (d) below) (any of the preceding parenthetical phrases in this clause (b) are for
purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof); or 
 (c) the Servicer
shall fail in any material respect to observe or perform any term, covenant or agreement on its part to be performed under Section 5.1(a)(xiv) (Servicer Reports) and such failure shall remain unremedied for two (2) Business Days
after the Servicer’s knowledge thereof; or 

  
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 (d) the Servicer shall fail in any material respect to observe or perform any term, covenant or
agreement on its part to be performed under Section 5.2(b) and such failure shall remain unremedied for five (5) Business Days after the Servicer’s knowledge thereof; or 

(e) the Servicer shall fail in any material respect to observe or perform any other term, covenant or agreement hereunder or under any of the
other Transaction Documents to which such Person is a party and such failure shall remain unremedied for thirty (30) days after the Servicer’s knowledge thereof; or 

(f) any representation, warranty, certification or statement made by the Servicer in this Agreement, the First Tier Agreement or in any of the
other Transaction Documents or in any certificate or report delivered by it pursuant to any of the foregoing shall prove to have been incorrect in any material respect when made or deemed made and such failure shall remain unremedied for thirty
(30) days after the Servicer’s knowledge thereof; or 
 (g) (i) the Servicer or any of its Subsidiaries (including special
purpose entities for securitization facilities) shall fail to pay when due any indebtedness owing under any Material Debt Agreement (subject to any applicable grace period permitted by the terms of the relevant document), whether such Indebtedness
or obligation shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise (whether or not any such failure to pay is later waived); or (ii) the Servicer or any of its Subsidiaries (including special
purpose entities for securitization facilities) shall fail to perform any term, covenant or agreement on its part to be performed under any agreement or instrument (other than this Agreement) evidencing, securing or relating to any such Material
Debt Agreement when required to be performed (or, if permitted by the terms of the relevant document, within any applicable grace period) or any other event shall occur, and as a result any such Indebtedness shall be declared due and payable or
required to be prepaid, redeemed, purchased or defeased (other than by a regularly scheduled prepayment or redemption), in each case, prior to the stated maturity thereof; or 

(h) an Event of Bankruptcy shall occur with respect to the Servicer; or 

(i) if CCG is Servicer, a Termination Event described in Section 8.1 (q), (r), (s), (t), (u) or (v) shall have occurred;
or 
 (j) a final judgment, decree or order against the Servicer for the payment of money in excess of $2,500,000, but solely to the extent
such judgment, decree or order shall remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of sixty (60) consecutive days or more; or 

(k) if CCG is Servicer, there shall be a Change of Control; or 

(l) any material provision of this Agreement or any other Transaction Document to which the Servicer is a party shall cease to be in full
force and effect or the Servicer shall so state in writing; or 
 (m) a Material Adverse Effect shall have occurred and the event or
condition giving rise to such Material Adverse Effect has continued for five (5) Business Days. 

  
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 Upon the occurrence of a Servicer Default, the Facility Agent and the Lenders shall have the
rights and remedies provided in this Agreement and the Transaction Documents, including, without limitation, the ability to designate a Successor Servicer pursuant to Section 7.1 hereof. 

SECTION 7.6 Servicing Fee. The Servicer shall be paid a Servicing Fee in accordance with Section 2.16 and subject to the
priorities therein. If the Servicer is not CCG or an Affiliate of CCG, the Servicer, by giving three (3) Business Days’ prior written notice to the Facility Agent and the SPV and with the consent of the Administrators, may revise the then
current Servicing Fee Rate so long as such revised Servicing Fee Rate will not result in a Servicing Fee to exceed 110% of the reasonable and appropriate out-of-pocket costs and expenses of such Servicer incurred in connection with the performance
of its obligations hereunder as documented to the reasonable satisfaction of the Facility Agent. 
 ARTICLE VIII 

TERMINATION EVENTS AND AMORTIZATION EVENTS 

SECTION 8.1 Termination Events. The occurrence of any one or more of the following events shall constitute a “Termination
Event”: 
 (a) the SPV or the Originator shall fail to make any payment or deposit to be made by it hereunder or under the First
Tier Agreement when due hereunder or thereunder and such failure shall continue unremedied for two (2) Business Days after the applicable due date; or 

(b) any representation, warranty, certification or statement made or deemed made by the SPV, the Servicer or the Originator in this Agreement,
any other Transaction Document to which it is a party or in any other information, report or document delivered pursuant hereto or thereto shall prove to have been incorrect in any material respect when made or deemed made or delivered and such
failure shall remain unremedied for thirty (30) days after the SPV’s, the Servicer’s or the Originator’s knowledge thereof; or 

(c) the SPV shall fail in any material respect to perform or observe any undertaking to be performed or observed by it under
Section 5.1(b) (conduct of business, ownership); Section 5.1(g) (notice of agent’s interest); Section 5.1(h) (instructions to the obligors) Section 5.1(i) (sale treatment);
Section 5.1(j) (nonconsolidation); Section 5.1(k) (corporate documents); Section 5.1(r) (insurance); Section 5.2 (negative covenants) (other than as set forth in clause (d) below), or
Section 5.3 (Hedging Requirements) (any of the preceding parenthetical phrases in this clause (c) are for purposes of reference only and shall not otherwise affect the meaning or interpretation of any provision hereof); or

 (d) the SPV shall fail in any material respect to observe or perform any term, covenant or agreement on its part to be performed under
Section 5.2(b) and such failure shall remain unremedied for five (5) Business Days after the SPV’s, the Servicer’s or the Originator’s knowledge thereof; or 

(e) the SPV shall fail in any material respect to observe or perform any term, covenant or agreement on its part to be performed under
Section 5.1(a) and such failure shall remain unremedied for two (2) Business Days after the SPV’s, the Servicer’s or the Originator’s knowledge thereof; or 

  
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 (f) the SPV shall fail in any material respect to perform any payment or undertaking (other than
those covered by clauses (a), (b), (c), (d) or (e) above) to be performed or observed any other provision of this Agreement and the other Transaction Document to which such Person is a party and such default shall (if capable of
being remedied) remain unremedied for thirty (30) days after the SPV’s, the Servicer’s or the Originator’s knowledge thereof; or 

(g) any Event of Bankruptcy shall occur with respect to (i) the SPV or (ii) the Originator, or any Subsidiary of the Originator; or

 (h) the Facility Agent, on behalf of the Lenders, shall for any reason fail or cease to have a valid and enforceable perfected first
priority security interest in the Affected Assets, free and clear of any Adverse Claim (other than Permitted Adverse Claims); or 
 (i) a
Servicer Default shall have occurred; or 
 (j) there shall be a Change of Control; or 

(k) on any date of determination, a Borrowing Base Deficit exists and such Borrowing Base Deficit shall exist for more than three
(3) Business Days following (i) if no Potential Termination Event (other than a Borrowing Base Deficit) has occurred and is continuing, the Reporting Date and (ii) after and during the continuance of a Potential Termination Event,
such date of determination; or 
 (l) (i) the failure of the SPV to pay when due an amount under any agreement (other than this
Agreement and other Transaction Documents) in excess of $13,475 to which the SPV is a party in respect of Indebtedness; or any amount in excess of $13,475 due by the SPV under any agreement (other than this Agreement and other Transaction Documents)
to which the SPV is a party in respect of Indebtedness is accelerated or declared to be due and payable prior to its expressed payment date pursuant to the terms of such agreement; or (ii) the default by the SPV, in the performance of any term,
provision or condition contained in any agreement (other than this Agreement and the other Transaction Documents) to which the SPV is a party and under which any Indebtedness in excess of $13,475 owing by the SPV was created or is governed,
regardless of whether such event is an “event of default” or “default” under any such agreement (whether or not such default is waived) if the effect of such default is to cause, or to permit the holder of such Indebtedness to
cause, such Indebtedness to become due and payable prior to its stated maturity; or 
 (m) (i) CCG or any of its Subsidiaries
(including special purpose entities for securitization facilities) shall fail to pay when due any indebtedness owing under any Material Debt Agreement (subject to any applicable grace period permitted by the terms of the relevant document), whether
such Indebtedness or obligation shall become due by scheduled maturity, by required prepayment, by acceleration, by demand or otherwise (whether or not any such failure to pay is later waived); or (ii) CCG or any of its Subsidiaries (including
special purpose entities for securitization facilities) shall fail to perform any term, covenant or agreement on its part to be performed under any agreement or instrument (other than this Agreement) evidencing or securing or relating to any such
Material Debt Agreement when required to be performed (or, if permitted by the terms of the relevant document, within any applicable grace period) or any 

  
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other event shall occur, and as a result any such Indebtedness shall be declared due and payable or required to be prepaid, redeemed, purchased or defeased (other than by a regularly scheduled
prepayment or redemption), in each case, prior to the stated maturity thereof; or 
 (n) any material provision of this Agreement or any
other Transaction Document to which the SPV is a party shall cease to be in full force and effect or the SPV shall so state in writing; or 

(o) (i) a final judgment, decree or order against the SPV for the payment of money in excess of $500,000, but solely to the extent such
judgment, decree or order shall remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of sixty (60) consecutive days or more, or (ii) a final judgment, decree or order against CCG for the payment of money in
excess of $2,500,000, but solely to the extent such judgment, decree or order shall remain unpaid, unstayed on appeal, undischarged, unbonded or undismissed for a period of sixty (60) consecutive days or more; or 

(p) the Final Payout Date has not occurred on or prior to the Maturity Date; or 

(q) (i) the Average Loss Ratio as of any Month End Date occurring after the Ramp-Up Period exceeds 2.00%, or (ii) the Average
Delinquency Ratio as of any Month End Date occurring after the Ramp-Up Period exceeds 4.00%; or 
 (r) the SPV or the Originator shall
become or shall be required to register as an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or the arrangements contemplated by the Transaction Documents shall require such registration as an
“investment company” within the meaning of the Investment Company Act of 1940, as amended; or 
 (s) Dan McDonough shall cease to
be an employee of CCG, unless a successor acceptable to the Facility Agent is appointed within 180 days thereafter; or 
 (t) as of the last
day of any calendar quarter, beginning with the calendar quarter ending on March 31, 2011, the Maximum Leverage Ratio of CCG shall exceed 6.50; or 

(u) as of the last day of any calendar quarter, beginning with the calendar quarter ending on March 31, 2011, the Minimum
EBITDA-to-Interest Expense Ratio of CCG shall be less than 1.05 to 1.00; or 
 (v) as of the last day of any calendar quarter, beginning
with the calendar quarter ending on March 31, 2011, the Tangible Net Worth of CCG shall be less than the sum of (i) $35,000,000, plus (ii) fifty (50%) percent of the net income (with no deduction for net losses) for each
fiscal quarter ending after March 31, 2011, plus (iii) eighty (80%) percent of the net cash proceeds and value of property received from the issuance of any equity security or Subordinated Debt by CCG for each fiscal quarter
ending after March 31, 2011. 
 SECTION 8.2 Termination. Upon the occurrence of any Termination Event, the Facility Agent may
and, at the direction of the Majority Lenders, shall, by notice to the SPV and the Servicer, declare the Termination Date to have occurred; provided, however, that in the case 

  
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of any event described in Section 8.1(g), the Termination Date shall be deemed to have occurred automatically upon the occurrence of such event. Upon any such declaration or automatic
occurrence, the Facility Agent and each Administrator shall have, in addition to all other rights and remedies under this Agreement or otherwise, all other rights and remedies provided under the UCC of the applicable jurisdiction and other
Applicable Laws, including, without limitation, the right to liquidate and realize on the Affected Assets, all of which rights shall be cumulative. 

ARTICLE IX 

INDEMNIFICATION; EXPENSES; RELATED MATTERS 

SECTION 9.1 Indemnities by the SPV. Without limiting any other rights which the Indemnified Parties may have hereunder or under
Applicable Law, the SPV hereby agrees to indemnify the Lenders, the Facility Agent, the Administrators, the Program Support Providers, the Backup Servicer, the Custodian and their respective officers, directors, employees, counsel and other agents
(collectively, “Indemnified Parties”) from and against any and all damages, losses, claims, liabilities, costs and expenses, including reasonable attorneys’ fees and disbursements (all of the foregoing being collectively
referred to as “Indemnified Amounts”) awarded against or incurred by any of them in any action or proceeding between the SPV or the Originator (including, in its capacity as the Servicer or any Affiliate of the Originator acting as
Servicer) and any of the Indemnified Parties or between any of the Indemnified Parties and any third party or otherwise arising out of or as a result of this Agreement, the other Transaction Documents, the security interest of the Facility Agent on
behalf of the Lenders in the Affected Assets or any of the other transactions contemplated hereby or thereby, excluding, however, (i) Indemnified Amounts to the extent resulting from gross negligence or willful misconduct on the
part of such Indemnified Party, or (ii) Taxes or Excluded Taxes other than Taxes or Excluded Taxes described in Section 9.1(k). Without limiting the generality of the foregoing (but subject to the preceding clauses (i) and
(ii)), the SPV shall indemnify each Indemnified Party for Indemnified Amounts relating to or resulting from: 
 (a) any representation
or warranty made by the SPV or any of its Affiliates in the capacity as the Servicer or any officers of the SPV under or in connection with this Agreement, the First Tier Agreement, any of the other Transaction Documents, any Servicer Report or any
other information or report delivered by the SPV or the Servicer pursuant hereto, or pursuant to any of the other Transaction Documents which shall have been incomplete, false or incorrect in any respect when made or deemed made; 

(b) the failure by the SPV or the Originator (including, in its capacity as the Servicer or any Affiliate of the Originator acting as
Servicer) to comply with any Applicable Law with respect to any Pool Receivable or the related Contract, or the nonconformity of any Pool Receivable or the related Contract with any such Applicable Law; 

(c) the failure to create or maintain a valid and perfected first priority security interest in favor of the Facility Agent, for the benefit
of the Lenders, in the Affected Assets, free and clear of any Adverse Claim (other than Permitted Adverse Claims); 

  
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 (d) the failure to file, or any delay in filing, financing statements, continuation statements,
or other similar instruments or documents under the UCC of any applicable jurisdiction or other Applicable Laws with respect to any of the Affected Assets; 

(e) any dispute, claim, offset or defense (other than discharge in bankruptcy) of an Obligor to the payment of any Pool Receivable (including
a defense based on such Pool Receivable or the related Contract not being the legal, valid and binding obligation of such Obligor enforceable against it in accordance with its terms), or any other claim resulting from the sale of merchandise or
services related to such Pool Receivable or the furnishing or failure to furnish such merchandise or services, or from any breach or alleged breach of any provision of the Pool Receivables or the related Contracts restricting assignment of any Pool
Receivables; 
 (f) any failure of the Servicer to perform its duties or obligations in accordance with the provisions hereof; 

(g) any products liability claim or personal injury or property damage suit or other similar or related claim or action of whatever sort
arising out of or in connection with merchandise or services which are the subject of any Pool Receivable; 
 (h) the financing of any Pool
Receivable other than an Eligible Receivable (as of the related Purchase Date) by the proceeds of any Loan; 
 (i) the failure by the SPV or
the Originator (individually or as Servicer) to comply with any term, provision or covenant contained in this Agreement or any of the other Transaction Documents to which it is a party or to perform any of its respective duties or obligations under
the Pool Receivables or related Contracts; 
 (j) the existence of a Borrowing Base Deficit at any time; 

(k) the failure of the SPV or the Originator to pay when due any sales, excise or personal property taxes payable in connection with any of
the Pool Receivables; 
 (l) any repayment by any Indemnified Party of any amount previously distributed in prepayment of any Loans of which
such Indemnified Party believes in good faith is required to be made; 
 (m) the commingling by the SPV or the Servicer of Collections of
Pool Receivables at any time with any other funds; 
 (n) any investigation, litigation or proceeding related to this Agreement, any of the
other Transaction Documents, the use of proceeds of the Loans by the SPV, the ownership of the SPV of the Asset Interest, or the security interest of the Facility Agent on behalf of the Lenders in any Affected Asset; 

(o) failure of any Lock-Box Bank, the Intercreditor Master Agent or the Servicer to remit any Collections held in the Lock-Box Accounts or any
related lock-boxes to the Collection Account when required to pursuant to the terms hereof, whether by reason of the exercise of set-off rights or otherwise; 

  
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 (p) any inability to obtain any judgment in or utilize the court or other adjudication system of,
any state in which an Obligor may be located as a result of the failure of the SPV or the Originator to qualify to do business or file any notice of business activity report or any similar report; 

(q) any attempt by any Person to void, rescind or set-aside any transfer by the Originator to the SPV of any Pool Receivable and other
Affected Asset under statutory provisions or common law or equitable action, including any provision of the Bankruptcy Code or other insolvency law; 

(r) any action taken by the SPV, the Originator, or the Servicer (if the Originator or any Affiliate or designee of the Originator) in the
enforcement or collection of any Pool Receivable; 
 (s) the use of the proceeds of any Loan. 

SECTION 9.2 Indemnity for Taxes, Reserves and Expenses. 

(a) If after the Closing Date, the adoption of any Law or bank regulatory guideline or any amendment or change in the administration,
interpretation or application of any existing or future Law or bank regulatory guideline by any Official Body charged with the administration, interpretation or application thereof, or the compliance with any directive of any Official Body (in the
case of any bank regulatory guideline, whether or not having the force of Law): 
 (i) shall subject any Indemnified Party
(or its applicable lending office) to any Tax, duty or other charge (other than Excluded Taxes) with respect to this Agreement, the other Transaction Documents, maintenance or financing of the Affected Assets, or payments of amounts due hereunder,
or shall change the basis of taxation of payments to any Indemnified Party of amounts payable in respect of this Agreement, the other Transaction Documents, the maintenance or financing of the Affected Assets, or payments of amounts due hereunder or
its obligation to advance funds hereunder, under a Program Support Agreement or the credit or liquidity support furnished by a Program Support Provider or otherwise in respect of this Agreement, the other Transaction Documents, the maintenance or
financing of the Affected Assets (except for changes in the rate of general corporate, franchise, net income, other income tax or tax based on capital, net worth or comparable basis of measurement imposed on such Indemnified Party by the
jurisdiction in which such Indemnified Party’s principal executive office or lending office with which the Loans are effectively connected is located); provided, however, that a Lender or the Administrator, as appropriate,
making a demand for indemnity payment shall provide the SPV with a certificate from the relevant taxing authority or from a responsible officer of such Lender or the Administrator stating or otherwise evidencing that such Lender or the Administrator
has made payment of such Taxes and will provide a copy of or extract from documentation, if available, furnished by such taxing authority evidencing assertion or payment of such Taxes. 

(ii) shall impose, modify or deem applicable any reserve, special deposit or similar requirement (including any such
requirement imposed by the Board of Governors 

  
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of the Federal Reserve System) against assets of, deposits with or for the account of, or credit extended by, any Indemnified Party or shall impose on any Indemnified Party or on the United
States market for certificates of deposit or the London interbank market any other condition affecting this Agreement, the other Transaction Documents, maintenance or financing of the Affected Assets, or payments of amounts due hereunder or its
obligation to advance funds hereunder, under a Program Support Agreement or the credit or liquidity support provided by a Program Support Provider or otherwise in respect of this Agreement, the other Transaction Documents, maintenance or financing
of the Affected Assets; or 
 (iii) imposes upon any Indemnified Party any other condition or expense (including any loss of
margin, reasonable attorneys’ fees and expenses, and expenses of litigation or preparation therefor in contesting any of the foregoing) with respect to this Agreement, the other Transaction Documents, the maintenance or financing of the
Affected Assets, or payments of amounts due hereunder or its obligation to advance funds hereunder under a Program Support Agreement or the credit or liquidity support furnished by a Program Support Provider or otherwise in respect of this
Agreement, the other Transaction Documents, the maintenance or financing of the Affected Assets; 
 and the result of any of the foregoing is: (i) to
increase the cost to fund or maintain the Loans hereunder and under other Transaction Documents or a Program Support Agreement or to perform its obligations under this Agreement and the other Transaction Documents, or (ii) to reduce the amount
of any sum received or receivable by such Indemnified Party with respect to this Agreement and, the other Transaction Documents by an amount deemed by such Indemnified Party to be material, then in either case of (i) or (ii), the SPV shall pay
in accordance with Section 2.16(b) to the Facility Agent, for the benefit of such Indemnified Party, such additional amount or amounts as will compensate such Indemnified Party for such increased cost or reduction. Notwithstanding
anything herein to the contrary, (x) the Dodd-Frank Wall Street Reform and Consumer Protection Act and all requests, rules, guidelines or directives thereunder or issued in connection therewith, (y) all requests, rules, guidelines or
directives promulgated by the Bank for International Settlements, the Basel Committee on Banking Supervision (or any successor or similar authority) or the United States or foreign regulatory authorities, in each case pursuant to Basel III, and
(z) Directive 2006/48/EC, Article 122a thereunder, and all rules and regulations promulgated thereunder or issued in connection therewith, shall, in each case, be deemed to have been adopted and gone into effect after the date hereof. 

(b) If any Indemnified Party shall have determined that after the date hereof, the adoption of any Applicable Law or bank regulatory guideline
regarding capital adequacy, or any change therein, or any change in the interpretation or administration thereof by any Official Body, or any request or directive regarding capital adequacy (in the case of any bank regulatory guideline, whether or
not having the force of law) of any such Official Body (including any changes in GAAP, but only to the extent the Indemnified Party seeks a similar indemnity from its customers generally), has or would have the effect of reducing the rate of return
on capital of such Indemnified Party (or its parent) as a consequence of such Indemnified Party’s obligations hereunder or with respect hereto to a level below that which such Indemnified Party (or its parent) could have achieved but for such
adoption, change, request or directive (taking into consideration its policies with respect to capital adequacy) by an amount deemed by such 

  
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Indemnified Party to be material, then from time to time, the SPV shall pay in accordance with Section 2.16(b) to the Facility Agent, for the benefit of such Indemnified Party, such
additional amount or amounts as will compensate such Indemnified Party (or its parent) for such reduction. 
 (c) The Facility Agent shall
promptly notify the SPV of any event of which it has knowledge, occurring after the date hereof, which will entitle an Indemnified Party to compensation pursuant to this Section 9.2; provided that no failure to give or any delay
in giving such notice shall affect any Indemnified Party’s right to receive such compensation as long as such notice is given to the SPV within 120 days after the such Indemnified Party acquires such knowledge. A notice by the Facility Agent or
the applicable Indemnified Party claiming compensation under this Section and setting forth the additional amount or amounts to be paid to it hereunder shall be conclusive in the absence of manifest error. In determining such amount, the Facility
Agent or any applicable Indemnified Party may use any reasonable averaging and attributing methods. 
 (d) Anything in this
Section 9.2 to the contrary notwithstanding, if any Lender enters into agreements for the acquisition of interests in receivables from one or more other Persons, such Lender shall allocate the liability for any amounts under this
Section 9.2 which are in connection with a Program Support Agreement or the credit or liquidity support provided by a Program Support Provider (“Additional Costs”) to the SPV and each such other Person; provided,
however, that if such Additional Costs are attributable to the SPV, the Originator or the Servicer and not attributable to any other Person, the SPV shall be solely liable for such Additional Costs or if such Additional Costs are
attributable to other SPVs and not attributable to the SPV, the Originator or the Servicer, such other Persons shall be solely liable for such Additional Costs. 

SECTION 9.3 Taxes. 
 (a)
All payments and distributions made hereunder by the SPV or the Servicer (each, a “payor”) to any Lender or any Agent (each, a “recipient”) shall be made free and clear of and without deduction for any present or
future income, excise, stamp or franchise taxes and any other taxes, fees, duties, withholdings or other charges of any nature whatsoever imposed by any taxing authority on any recipient (or any assignee of such parties), but excluding franchise
taxes, taxes imposed on or measured by the recipient’s net income or gross receipts, taxes based on capital, net worth or comparable basis of measurement and deductions or withholdings of United States Federal income taxes that (i) are
incurred by an assignee if the related assignment is made in violation of Section 13.8 or (ii) could have been avoided in whole or in part by the timely filing by any Agent or Lender of one or more United States Internal Revenue
Service forms (such excluded items being called “Excluded Taxes” and such remaining items being called “Taxes”). In the event that any withholding or deduction from any payment made by the payor hereunder is
required in respect of any Taxes, then such payor shall: 
 (i) pay directly to the relevant authority the full amount
required to be so withheld or deducted; 

  
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 (ii) promptly forward to the Agents an official receipt or other documentation
satisfactory to the Agents evidencing such payment to such authority; and 
 (iii) pay to the recipient such additional
amount or amounts as is necessary to ensure that the net amount actually received by the recipient will equal the full amount such recipient would have received had no such withholding or deduction been required. 

(b) if any Taxes are directly asserted against any recipient with respect to any payment received by such recipient hereunder, the recipient
may pay such Taxes and the payor will promptly pay such additional amounts (including any penalties, interest or expenses) as shall be necessary in order that the net amount received by the recipient after the payment of such Taxes (including any
Taxes on such additional amount) shall equal the amount such recipient would have received had such Taxes not been asserted. 
 (c) If the
payor fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to the recipient the required receipts or other required documentary evidence, the payor shall indemnify the recipient for any incremental Taxes, interest,
or penalties that may become payable by any recipient as a result of any such failure. Payor shall not be responsible for any incremental Taxes, interest, or penalties attributable to recipient’s failure to act in a timely manner. 

(d) Without limiting anything provided above, each Lender that is not created or organized under the laws of the United States or a political
subdivision thereof (each a “Non-U.S. Person”) shall deliver to the SPV (with a copy to the Facility Agent) (i) within 15 days after the date hereof, or, if later, the date on which such Lender becomes a Non-U.S. Person, two
(or such other number as may from time to time be prescribed by Applicable Laws or regulations) duly completed copies of IRS Form W-8BEN or W-8ECI (or any successor forms or other certificates or statements which may be required from time to time by
the relevant United States taxing authorities or Applicable Laws or regulations), as appropriate, to permit the SPV and the Facility Agent to make payments hereunder for the account of such Non-U.S. Person without deduction or withholding of United
States federal income or similar taxes and (ii) upon request of the SPV or the Facility Agent as a result of the obsolescence of or after the occurrence of any event requiring a change in, any form or certificate previously delivered pursuant
to this Section 9.3(d), copies (in such numbers as may be from time to time be prescribed by Applicable Laws or regulations) of such additional, amended or successor forms, certificates or statements as may be required under Applicable
Laws or regulations to permit the SPV or the Facility Agent to make payments hereunder for the account of such Lender without deduction or withholding of United States federal income or similar taxes. 

SECTION 9.4 Mitigation Obligations. If an Indemnified Party requests compensation under Section 9.2, or if the SPV or the
Servicer is required to pay any additional amount to the Facility Agent, for the benefit of such Indemnified Party, or any Official Body for the account of the Indemnified Party pursuant to Section 9.3, then the applicable Lender shall
use reasonable efforts to designate a different lending office for funding or booking its Loans hereunder or to assign its rights and obligations hereunder to another of its offices, branches or Affiliates, if, in the sole judgment of such Lender,
such designation or assignment (a) would eliminate or reduce amounts payable pursuant to Sections 9.2 and 9.3, as the case may be, in the 

  
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future and (b) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The SPV hereby agrees to pay all reasonable costs
and expenses incurred by such Lender in connection with any such designation or assignment. 
 SECTION 9.5 Other Costs and Expenses;
Breakage Costs. (a) The SPV agrees, upon receipt of a written invoice, to pay or cause to be paid, and to save the Lenders and the Agents harmless against liability for the payment of, all reasonable out-of-pocket expenses (including
reasonable attorneys’ fees and expenses (it being understood that in connection with the initial closing of this Agreement and the negotiation and execution of the Transaction Documents on the Closing Date that each of the Facility Agent, the
Lenders and the Administrators shall be represented by a single counsel and the SPV shall only be required to pay the fees and expenses of a single counsel), accountants’ fees and expenses and other third parties’ fees and expenses, any
filing fees and expenses incurred by officers or employee of any Lender and/or the Agents) or intangible, documentary or recording taxes incurred by or on behalf of the any Lender or the Agents (i) in connection with the preparation,
negotiation, execution and delivery of this Agreement, the other Transaction Documents and any documents or instruments delivered pursuant hereto and thereto and the transactions contemplated hereby or thereby (including the perfection or protection
of the Affected Assets) and (ii) from time to time (A) relating to any amendments, waivers or consents under this Agreement and the other Transaction Documents, (B) arising in connection with any Lender’s, or the Agents’
enforcement or preservation of rights (including the perfection and protection of Lender’s security interest in the Affected Assets under this Agreement), or (C) arising in connection with any audit (provided, however, that
the obligations of the SPV hereunder shall be limited as set forth in Section 5.1(d)), dispute, disagreement, litigation or preparation for litigation involving this Agreement or any of the other Transaction Documents (all of such
amounts, collectively, “Transaction Costs”). 
 (b) The SPV shall pay the Facility Agent for the account of the Lenders, as
applicable, on the Payment Date following demand (so long as demand is made at least five (5) Business Days prior to any Payment Date), such amount or amounts as shall compensate the Lenders for any loss (including loss of profit), cost or
expense incurred by the Lenders (as reasonably determined by the Facility Agent) as a result of, in each case with respect to Loans accruing or to accrue interest based on the LIBO Rate or CP Rate, (i) any failure on the part of the SPV to
borrow a Loan after submitting a Borrowing Request, (ii) any reduction of the principal amount of any Tranche by the SPV without compliance by the SPV with the notice requirements hereunder or (iii) any reduction by the SPV of any Tranche
on a date other than the last date of a Rate Period or the date specified by the SPV in a notice of prepayment, redemption or other reduction, such compensation to be (x) limited to an amount equal to the amount of interest and fees that would
have accrued during the remainder of the Rate Period relating to such Loan subsequent to the date of such failure to borrow or reduction to (but excluding) the last day of such Rate Period and (y) net of the income, if any, received by the
Lender required to make such Loan or which received the proceeds of such reduction from investing the principal related to such Loan that did not occur or such proceeds. The determination by the Facility Agent of the amount of any such loss or
expense shall be set forth in a written notice to the SPV in reasonable detail and shall be conclusive, absent manifest error. Nothing in this subsection (b) shall obligate the SPV to pay any costs or expenses which result from any
breach by a Lender of its obligations hereunder. 

  
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 (c) The SPV shall pay the Facility Agent for the account of the Hedge Counterparties, as
applicable, all Hedge Breakage Costs which are due and payable pursuant to the terms of the related Hedging Agreement on the date of any termination of the Commitment, release of Affected Assets, Securitization Date, or other date on which Hedge
Breakage Costs are due and owing under a Hedging Agreement. 
 SECTION 9.6 Indemnities by the Servicer. Without limiting any other
rights which the Agents or the Lenders or the other Indemnified Parties may have hereunder or under Applicable Law, the Servicer hereby agrees to indemnify (without recourse, except as otherwise specifically provided in this Agreement) the SPV and
the Indemnified Parties from and against any and all Indemnified Amounts arising out of or resulting from (whether directly or indirectly) (a) the failure of any information contained in any Servicer Report (to the extent provided by the
Servicer) to be true and correct, or the failure of any other information provided to any Indemnified Party by, or on behalf of, the Servicer to be true and correct, (b) the failure of any representation, warranty or statement made or deemed
made by the Servicer (or any of its officers) under or in connection with this Agreement to have been true and correct as of the date made or deemed made, (c) the failure by the Servicer to comply with any Applicable Law with respect to any
Pool Receivable or the related Contract, or (d) any failure of the Servicer to perform its duties or obligations in accordance with the provisions hereof; excluding, however, (a) Indemnified Amounts resulting from gross negligence or
willful misconduct on the part of such Indemnified Party and (b) Indemnified Amounts to the extent solely due to non-payment by any Obligor of an amount due and payable with respect to a Pool Receivable for credit reasons. 

SECTION 9.7 Contest Rights. In the event any claim, action, proceeding or suit is brought against any Indemnified Party with respect to
which the SPV would be required to indemnify such Indemnified Party for Taxes under Section 9.1, Section 9.2 or Section 9.3, such Indemnified Party shall promptly give notice or any such claim, action, proceeding
or suit to the SPV. The SPV may, at the SPV’s sole cost and expense, resist and defend such action, suit or proceeding in the name of the Indemnified Party (or in the name of the SPV if legally entitled to do so), or cause the same to be
resisted or defended by counsel selected by the SPV and reasonably satisfactory to such Indemnified Party. 
 ARTICLE X 

THE AGENTS 
 SECTION 10.1
Appointment and Authorization of Agents. Each Lender hereby irrevocably appoints, designates and authorizes each Agent to take such action on its behalf under the provisions of this Agreement and each other Transaction Document and to
exercise such powers and perform such duties as are expressly delegated to such Agent by the terms of this Agreement and any other Transaction Document, together with such other powers as are reasonably incidental thereto. Notwithstanding any
provision to the contrary contained elsewhere in this Agreement or in any other Transaction Document, no Agent shall have any duties or responsibilities, except those expressly set forth in this Agreement, nor shall any Agent have or be deemed to
have any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Agreement or any other Transaction Document or otherwise exist against any Agent.
Without limiting the generality of the foregoing sentence, the use of the term “agent” in this Agreement 

  
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with reference to any Agent is not intended to connote any fiduciary or other implied (or express) obligations arising under agency doctrine of any Applicable Law. Instead, such term is used
merely as a matter of market custom, and is intended to create or reflect only an administrative relationship between independent contracting parties. 

SECTION 10.2 Delegation of Duties. Each Agent may execute any of its duties under this Agreement or any other Transaction Document by
or through agents, employees or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. Each Agent shall not be responsible for the negligence or misconduct of any agent or attorney-in-fact that
it selects with reasonable care. 
 SECTION 10.3 Liability of Agents. No Agent-Related Person shall (a) be liable for any action
taken or omitted to be taken by any of them under or in connection with this Agreement or any other Transaction Document or the transactions contemplated hereby (except for its own gross negligence or willful misconduct), or (ii) be responsible
in any manner to any Lender for any recital, statement, representation or warranty made by the SPV, the Originator or the Servicer, or any officer thereof, contained in this Agreement or in any other Transaction Document, or in any certificate,
report, statement or other document referred to or provided for in, or received by any Agent under or in connection with, this Agreement or any other Transaction Document, or the validity, effectiveness, genuineness, enforceability or sufficiency of
this Agreement or any other Transaction Document, or for any failure of the SPV, the Originator, the Servicer or any other party to any Transaction Document to perform its obligations hereunder or thereunder. No Agent-Related Person shall be under
any obligation to any Lender to ascertain or to inquire as to the observance or performance of any of the agreements contained in, or conditions of, this Agreement or any other Transaction Document, or to inspect the properties, books or records of
the SPV, the Originator or the Servicer or any of their respective Affiliates. 
 SECTION 10.4 Reliance by Agents.
(a) Each Agent shall be entitled to rely, and shall be fully protected in relying, upon any writing, resolution, notice, consent, certificate, affidavit, letter, telegram, facsimile, telex or telephone message, statement or other document or
conversation believed by it to be genuine and correct and to have been signed, sent or made by or on behalf of the proper Person or Persons, and upon advice and statements of legal counsel (including counsel to the SPV, the Originator and the
Servicer), independent accountants and other experts selected by such Agent. Each Agent shall be fully justified in failing or refusing to take any action under this Agreement or any other Transaction Document unless it shall first receive such
advice or concurrence of the Majority Lenders as it deems appropriate and, if it so requests, it shall first be indemnified to its satisfaction by the Lenders against any and all liability and expense which may be incurred by it by reason of taking
or continuing to take any such action. Each Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Agreement or any other Transaction Document in accordance with a request or consent of the Majority Lenders
or, if required hereunder, all Lenders and such request and any action taken or failure to act pursuant thereto shall be binding upon all of the Lenders. 

(b) For purposes of determining compliance with the conditions specified in Article IV, each Lender that has executed this Agreement
shall be deemed to have consented to, approved or accepted or to be satisfied with, each document or other matter either sent by any Agent to such Lender for consent, approval, acceptance or satisfaction, or required thereunder to be consented to or
approved by or acceptable or satisfactory to such Lender. 

  
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 SECTION 10.5 Notice of Termination Event, Potential Termination Event or Servicer
Default. No Agent shall be deemed to have knowledge or notice of the occurrence of a Potential Termination Event, a Termination Event or a Servicer Default, unless such Agent has received written notice from a Lender or the SPV referring
to this Agreement, describing such Potential Termination Event, Termination Event or Servicer Default and stating that such notice is a “Notice of Termination Event or Potential Termination Event” or “Notice of Servicer Default,”
as applicable. Such Agent will notify the Lenders of its receipt of any such notice. Such Agent shall (subject to Section 10.4) take such action with respect to such Potential Termination Event or Termination Event as may be requested by
the Majority Lenders, provided, however, that, unless and until such Agent shall have received any such request, such Agent may (but shall not be obligated to) take such action, or refrain from taking such action, with respect to such
Potential Termination Event or Termination Event as it shall deem advisable or in the best interest of the Lenders. 
 SECTION 10.6
Credit Decision; Disclosure of Information by the Agents. Each Lender acknowledges that none of the Agent-Related Persons has made any representation or warranty to it, and that no act by any Agent hereinafter taken, including any consent to
and acceptance of any assignment or review of the affairs of the SPV, the Servicer, the Originator or any of their respective Affiliates, shall be deemed to constitute any representation or warranty by any Agent-Related Person to any Lender as to
any matter, including whether the Agent-Related Persons have disclosed material information in their possession. Each Lender, including any Lender by assignment, represents to each Agent that it has, independently and without reliance upon any
Agent-Related Person and based on such documents and information as it has deemed appropriate, made its own appraisal of and investigation into the business, prospects, operations, property, financial and other condition and creditworthiness of the
SPV, the Servicer, the Originator or their respective Affiliates, and all applicable bank regulatory laws relating to the transactions contemplated hereby, and made its own decision to enter into this Agreement and to extend credit to the SPV
hereunder. Each Lender also represents that it shall, independently and without reliance upon any Agent-Related Person and based on such documents and information as it shall deem appropriate at the time, continue to make its own credit analysis,
appraisals and decisions in taking or not taking action under this Agreement and the other Transaction Documents, and to make such investigations as it deems necessary to inform itself as to the business, prospects, operations, property, financial
and other condition and creditworthiness of the SPV, the Servicer or the Originator. Except for notices, reports and other documents expressly herein required to be furnished to the Lenders by any Agent herein, no Agent shall have any duty or
responsibility to provide any Lender with any credit or other information concerning the business, prospects, operations, property, financial and other condition or creditworthiness of the SPV, the Servicer, the Originator or their respective
Affiliates which may come into the possession of any of the Agent-Related Persons. 
 SECTION 10.7 Indemnification of the Agents.
Whether or not the transactions contemplated hereby are consummated, each Lender shall severally indemnify upon demand each of its Agent-Related Persons (to the extent not reimbursed by or on behalf of the SPV and without limiting the obligation of
the SPV to do so as otherwise provided herein), pro rata, based 

  
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on the amount of the Loans funded by such Lender, and hold harmless each Agent-Related Person from and against any and all Indemnified Amounts incurred by it; provided, however,
that no Lender shall be liable for the payment to any Agent-Related Person of any portion of such Indemnified Amounts resulting from such Person’s gross negligence or willful misconduct; provided, however, that no action taken in
accordance with the directions of the Majority Lenders shall be deemed to constitute gross negligence or willful misconduct for purposes of this Section 10.7. Without limitation of the foregoing, each Lender shall severally reimburse its
Agent upon demand for its ratable share of any costs or out-of-pocket expenses (including attorney’s fees) incurred by such Agent in connection with the preparation, execution, delivery, administration, modification, amendment or enforcement
(whether through negotiations, legal proceedings or otherwise) of, or legal advice in respect of rights or responsibilities under, this Agreement, any other Transaction Document, or any document contemplated by or referred to herein, to the extent
that such Agent is not reimbursed for such expenses by or on behalf of the SPV as otherwise provided herein. The undertaking in this Section 10.7 shall survive payment on the Final Payout Date and the resignation or replacement of any
Agent. 
 SECTION 10.8 Agent in Individual Capacity. Each Agent (and any successor acting as Agent) and its Affiliates may make loans
to, issue letters of credit for the account of, accept deposits from, acquire equity interests in and generally engage in any kind of banking, trust, financial advisory, underwriting or other business with any of the SPV, the Originator and the
Servicer or any of their Subsidiaries or Affiliates as though such Agent was not an Agent hereunder and without notice to or consent of the Lenders. The Lenders acknowledge that, pursuant to such activities, each Agent or its Affiliates may receive
information regarding the SPV, the Originator, the Servicer or their respective Affiliates (including information that may be subject to confidentiality obligations in favor of such Person) and acknowledge that such Agent shall be under no
obligation to provide such information to them. Each Agent may, in its individual capacity, makes Loans by assignment from a Lender or otherwise in accordance herewith and in such event such Agent shall have the same rights and powers under this
Agreement as any other Lenders and may exercise the same as though it were not an Agent, and the terms “Lender”, shall, unless the context otherwise indicates, include the Agent in its individual capacity. 

SECTION 10.9 Resignation of Facility Agent. The Facility Agent may resign as Facility Agent upon thirty (30) days’ notice to
the Lenders and the SPV and effective upon appointment of its successor as hereinafter provided. If the Facility Agent resigns under this Agreement, the Majority Lenders shall appoint from among the Administrators a successor agent for the Lenders,
which, unless a Termination Event or a Potential Termination Event exists, shall be reasonably satisfactory to the SPV. If no successor agent is appointed prior to the end of such thirty (30) day period, the Facility Agent may appoint, after
consulting with the Lenders a successor agent from among the Administrators. Upon the acceptance of its appointment as successor agent hereunder, such successor agent shall succeed to all the rights, powers and duties of the retiring Facility Agent
and the term “Facility Agent” shall mean such successor agent and the retiring Facility Agent’s appointment, powers and duties as Facility Agent shall be terminated. After any retiring Facility Agent’s resignation hereunder as
Facility Agent, the provisions of this Section 10.9 and Sections 10.3 and 10.7 shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Facility Agent under this Agreement. 

  
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 SECTION 10.10 Payments by the Agents. Unless specifically allocated to a Lender pursuant
to the terms of this Agreement, all amounts received by any Agent on behalf of the Lenders shall be paid by such Agent to the Lenders (at their respective accounts specified herein or in their respective Assignment and Assumption Agreements), pro
rata in accordance with their respective outstanding funded portions of the Loans on the Business Day received by such Agent, unless such amounts are received after 12:00 noon (Chicago, Illinois time) on such Business Day, in which case
such Agent shall use its reasonable efforts to pay such amounts to the Lenders on such Business Day, but, in any event, shall pay such amounts to the Lenders not later than the following Business Day. 

SECTION 10.11 Liquidity Agreement. At all times during the Revolving Period that Fairway Finance Company, LLC is a Lender hereunder,
the Facility Agent covenants that there will be an effective liquidity agreement in place with respect to Fairway Finance Company, LLC that will permit Fairway Finance Company, LLC to meet its funding obligations hereunder. 

ARTICLE XI 
 THE BACKUP
SERVICER 
 SECTION 11.1 Representations of Backup Servicer. The Backup Servicer makes the following representations and
warranties: 
 (a) The Backup Servicer has been duly organized and is validly existing as a corporation duly organized and validly existing
in good standing under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties shall be currently owned and such business is presently conducted. 

(b) The Backup Servicer has the power and authority to execute and deliver this Agreement and any other Transaction Document to which it is a
party and to carry out its respective terms, and the execution, delivery, and performance of this Agreement and any other Transaction Document to which it is a party shall have been duly authorized by the Backup Servicer by all necessary corporate
action. 
 (c) This Agreement and any other Transaction Document to which it is a party constitutes a legal, valid, and binding obligation
of the Backup Servicer enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of creditors’ rights in general and
by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law. 
 (d)
The entering into of this Agreement and the other Transaction Documents to which it is a party and the performance by the Backup Servicer of its obligations under such agreements and the consummation of the transactions herein and therein
contemplated will not (i) conflict with the organizational documents of the Backup Servicer or result in a breach of any of the terms or provisions of, or constitute a default under, any agreement, mortgage, deed of trust or other such
instrument to which the Backup Servicer is a party or by which it is bound; (ii) result in the creation or imposition of any lien, charge or encumbrance upon any of the property or assets of the Backup Servicer pursuant to the terms of any
material agreement, 

  
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mortgage, deed of trust or other agreement or instrument to which it is a party or by which it is bound or to which any of its property or assets is subject; or (iii) result in any violation
of any statute or any order, rule or regulation of any court or any regulatory authority or other governmental agency or body having jurisdiction over it or any of its properties. 

(e) There are no proceedings or investigations pending or, to the Backup Servicer’s best knowledge, threatened before any court,
regulatory body, administrative agency, or other governmental instrumentality having jurisdiction over the Backup Servicer or its properties (i) asserting the invalidity of this Agreement or any of the other Transaction Documents to which it is
a party, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents to which it is a party, or (iii) seeking any determination or ruling that might
materially and adversely affect the performance by the Backup Servicer of its obligations under, or the validity or enforceability of, this Agreement or any other Transaction Documents to which it is a party. 

(f) The Backup Servicer has and shall preserve its qualification to do business as a foreign corporation in each jurisdiction in which such
qualification is or shall be necessary or desirable to enable it to perform its duties as Backup Servicer and successor Servicer under this Agreement or under any of the other Transaction Documents to which it is a party, except where the failure to
so qualify would not have a Material Adverse Effect. 
 (g) The Backup Servicer has operated its business in accordance with all Applicable
Laws and regulations and it is not in violation of any such laws or regulations other than such violations which singly or in the aggregate do not, and, with the passage of time will not, have a material adverse affect on its business or assets, or
its ability to perform its obligations under this Agreement. 
 SECTION 11.2 Merger or Consolidation of, or Assumption of the Obligations
of Backup Servicer. Any Person (a) into which the Backup Servicer may be merged or consolidated, (b) which may result from any merger or consolidation to which the Backup Servicer shall be a party, or (c) which may succeed to the
properties and assets of the Backup Servicer substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Backup Servicer hereunder, shall be the successor to the Backup
Servicer under this Agreement without further act on the part of any of the parties to this Agreement. 
 SECTION 11.3 Backup Servicer
Resignation and Removal. 
 (a) The Backup Servicer shall not resign from its obligations and duties under this Agreement or any other
Transaction Document to which it is a party except (a) as required in Section 11.2 above, (b) upon determination that the performance of its duties shall no longer be permissible under Applicable Law (any such determination
permitting the resignation of the Backup Servicer shall be evidenced by an opinion of counsel to such effect delivered to the Facility Agent), or (c) with the prior written consent of the Facility Agent, but only if, in any such case, a
replacement Backup Servicer is found that (i) is experienced in the business of acting as servicer with respect to financial agreements of the type comprising the Pool Receivables and (ii) will provide backup servicing and agree to become
the successor Servicer on the same terms as then in effect under this Agreement and the other Transaction Documents. 

  
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 (b) The Servicer may, with the prior written consent of the Facility Agent, terminate the Backup
Servicer for cause. 
 (c) Upon the Backup Servicer’s resignation or termination pursuant to Section 11.2 or this
Section 11.3, notice thereof shall be provided to the Facility Agent and the Lenders, and the Backup Servicer shall comply with the provisions of this Agreement and the other Transaction Documents to which it is a party until the
acceptance of a successor Backup Servicer acceptable to the Facility Agent. 
 SECTION 11.4 Obligations of Backup Servicer. 

(a) The Backup Servicer shall serve in a reserve capacity to the Servicer, and shall be willing to assume the duties of the Servicer, subject
to any limitations as provided for herein, on direction from the Facility Agent. In its capacity as Backup Servicer, the Backup Servicer shall perform the following duties: 

(i) On a monthly basis, receive from the Servicer month-end portfolio file extracted from the Servicers’ servicing system
in a mutually agreed upon format containing the Pool Receivables sold to the SPV; 
 (ii) on a monthly basis, receive from
the Servicer, the Servicer Report which includes information for all Receivables purchased by the SPV; 
 (iii) on a monthly
basis, the Backup Servicer shall load the Servicer’s month-end portfolio file onto the Backup Servicer’s data warehouse system; and 

(iv) the Backup Servicer shall then reconcile the Outstanding Balance of the Pool Receivables and the amount of Collections
from the Servicer Report received from the Servicer to the information on the Backup Servicer’s data warehouse system and reconcile any differences with the Servicer. 

(b) Other than as specifically set forth elsewhere in this Agreement or in any other Transaction Document, the Backup Servicer shall have no
obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no liability for any action taken or omitted by the Servicer. 

(c) The Backup Servicer shall consult fully with the Servicer as may be necessary from time to time to perform or carry out the Backup
Servicer’s obligations hereunder, including the obligation to succeed at any time to the duties and obligations of the Servicer as servicer under Section 7.1. 

SECTION 11.5 Backup Servicer Compensation. As compensation for the performance of its obligations as Backup Servicer under this
Agreement and the other Transaction Documents to which it is a party, the Backup Servicer shall be entitled to receive the Backup Servicer Fee. 

  
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 SECTION 11.6 Duties and Responsibilities. 

(a) The Backup Servicer shall perform such duties and only such duties as are specifically set forth in this Agreement and the other
Transaction Documents to which it is a party, and no implied covenants or obligations shall be read into this Agreement against the Backup Servicer. 

(b) In the absence of bad faith or negligence on its part, the Backup Servicer may conclusively rely as to the truth of the statements and the
correctness of the opinions expressed therein, upon certificates or opinions furnished to the Backup Servicer and conforming to the requirements of this Agreement and the other Transaction Documents to which it is a party; but in the case of any
such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Backup Servicer, the Backup Servicer shall be under a duty to examine the same and to determine whether or not they conform to the
requirements of this Agreement and the other Transaction Documents to which it is a party. Neither the Backup Servicer nor any of its officers, employees or agents shall be liable to the Servicer, the SPV, the Facility Agent or the Lenders for any
action taken or for refraining from the taking of any action in accordance with customary industry standards for servicing leases and loans of the type which comprise the Pool Receivables, or for mistakes or errors in judgment; provided,
however, that (i) this provision shall not protect the Backup Servicer from liability to the Servicer, the SPV, the Facility Agent or the Lenders for any losses, claims, liabilities, or damages incurred by such party by reason of
willful misconduct or gross negligence of the Backup Servicer in the performance of its duties and obligations hereunder, and (ii) in the event that the Backup Servicer becomes the successor Servicer hereunder, the Backup Servicer’s duties
and responsibilities as Servicer will be as set forth elsewhere in this Agreement and it will no longer be subject to the terms of this Section 11.6. Subject to the preceding sentence, in no event will the Backup Servicer be liable to
the Servicer, the SPV, the Facility Agent or the Lenders for any losses, claims, liabilities or damages incurred by such party arising out of or relating to the acts or omissions of the Backup Servicer in reliance in good faith on any document which
is prepared or furnished to it by Servicer or by such other party. No damages shall be assessed or charged against the Backup Servicer when any delay or breach on its part is caused by the failure of the Servicer, the SPV, the Facility Agent or the
Lenders to furnish input or information required of such party, the failure of any utility or communications company to furnish services or for any other reasons beyond the control of the Backup Servicer. Under no circumstances in its capacity under
any Transaction Document shall PFSC be responsible to any party for reimbursement of any consequential, special or indirect damages, lost profits, lost investment or business opportunity, damages to reputation, punitive damages, exemplary damages,
treble damages or operating losses. 
 (c) Notwithstanding anything contained in this Agreement to the contrary, the Backup Servicer shall
only be required to perform its obligations in the time and manner set forth in this Agreement if, and to the extent, any information which is required to be delivered to the Backup Servicer or any information on which the Backup Servicer is
authorized to rely on, is delivered to the Backup Servicer in accordance with provisions of this Agreement or is provided to the Backup Servicer in a format that is reasonably acceptable to the Backup Servicer, as applicable; provided,
however, that nothing in this paragraph shall be construed to relieve the Backup Servicer of its obligations under this Agreement if the failure to appropriately deliver or provide any such information to the Backup Servicer is remedied or
is otherwise reasonably available to the Backup Servicer without undue cost or time. 
 (d) The terms of this Section 11.6 shall
survive the termination of the Backup Servicer’s obligations hereunder. 

  
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 ARTICLE XII 

THE CUSTODIAN 
 SECTION
12.1 Custodian and Custodial Agreement. 
 At all times after the Closing Date, the SPV and the Servicer shall cause a Custodial
Agreement to be in effect on terms and conditions reasonably satisfactory to the Facility Agent and shall cause there to be an acting Custodian appointed thereunder (and who has accepted such appointment). Upon the resignation of any Custodian, the
SPV and the Servicer shall take all actions requested by the Facility Agent to appoint a successor Custodian who is reasonably satisfactory to the Facility Agent. 

ARTICLE XIII MISCELLANEOUS 

SECTION 13.1 Term of Agreement. This Agreement shall terminate on the Final Payout Date; provided, however, that
(i) the rights and remedies of the Facility Agent, the Lenders and the Administrators with respect to any representation and warranty made or deemed to be made by the SPV pursuant to this Agreement, (ii) the indemnification provisions of
Article X, (iii) the provisions of Section 10.7 and (iv) the agreements set forth in Sections 13.11, 13.12 and 13.13, shall be continuing and shall survive any termination of this Agreement. 

SECTION 13.2 Waivers; Amendments. (a) No failure or delay on the part of the Facility Agent, the Lenders, or the Administrators in
exercising any power, right or remedy under this Agreement shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right or remedy preclude any other further exercise thereof or the exercise of any other power,
right or remedy. The rights and remedies herein provided shall be cumulative and nonexclusive of any rights or remedies provided by Applicable Law. 

(b) Any provision of this Agreement or any other Transaction Document may be amended or waived if, but only if, such amendment or waiver is in
writing and is signed by the SPV, the Facility Agent, the Originator (if a party thereto), the Servicer (if a party thereto) and the Majority Lenders (and, if Article IX or the rights or duties of the Agents are affected thereby, by the
Agents); provided, however, that (x) no such amendment or waiver shall, unless signed by a Lender, (i) increase the Commitment of such Lender, (ii) reduce the outstanding principal amount of the Loans or rate of interest
to accrue thereon or any fees or other amounts payable hereunder to such Lender, (iii) postpone any date fixed for the payment of any scheduled distribution in respect of any Loan and interest thereon with respect thereto or any fees or other
amounts payable to such Lender hereunder or for termination of its Commitment, (iv) release all or substantially all of the property with respect to which a security or ownership interest therein has been granted hereunder to the Facility Agent
or the Lenders or (v) extend or permit the extension of the Amortization Date (it being understood that a waiver of a Termination Event shall not constitute an extension or increase in the Commitment of any Lender), and (y) no such

  
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amendments shall, unless signed by all the Lenders, (i) change the percentage of the Commitments of the Lenders which shall be required for the Lenders or any of them to take any action
under this Section or any other provision of this Agreement or (ii) change the definition of the term Majority Lenders and provided, further, that the signature of the SPV shall not be required for the effectiveness of any
amendment which modifies the representations, warranties, covenants or responsibilities of the Servicer at any time when the Servicer is not CCG or any Affiliate of CCG or a Successor Servicer is designated by the Facility Agent pursuant to
Section 7.1. In the event the Facility Agent requests a Lender’s consent pursuant to the foregoing provisions and the Facility Agent does not receive a consent (either positive or negative) from the such Lender within thirty
(30) days of such Lender’s receipt of such request, then such Lender (and its percentage interest hereunder) shall be considered not to have given consent. 

SECTION 13.3 Notices; Payment Information. Except as provided below, all communications and notices provided for hereunder shall be in
writing (including facsimile or electronic transmission or similar writing) and shall be given to the other party at its address, email address or facsimile number set forth in Schedule 13.3 or at such other address, email address or
facsimile number as such party may hereafter specify for the purposes of notice to such party. Each such notice or other communication shall be effective (i) if given by facsimile, when such facsimile is transmitted to the facsimile number
specified in Schedule 13.3 and confirmation is received, (ii) if given by mail, three (3) Business Days following such posting, if postage prepaid, and if sent via U.S. certified or registered mail, (iii) if given by overnight
courier, one (1) Business Day after deposit thereof with a national overnight courier service, or (iv) if given by any other means, when received at the address specified in Schedule 13.3, provided that a Borrowing
Request shall only be effective upon receipt by the applicable Agent. Unless the Facility Agent otherwise prescribes, notices and other communications sent to an e-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, as available, return e-mail or other written acknowledgement); provided that if such notice, email or other communication is not
sent during the normal business hours of the recipient, such notice or communication shall be deemed to have been sent at the opening of business on the next business day for the recipient. However, anything in this Section 13.3 to the
contrary notwithstanding, the SPV hereby authorizes the Facility Agent and the Lenders to make investments in Eligible Investments and to make Loans and Rate Period selections based on telephonic notices made by any Person which a Lender in good
faith believes to be acting on behalf of the SPV. The SPV agrees to deliver promptly to the Lenders a written confirmation of each telephonic notice signed by an authorized officer of SPV. However, the absence of such confirmation shall not affect
the validity of such notice. If the written confirmation differs in any material respect from the action taken by any Lender, the records of such Lender shall govern. 

SECTION 13.4 Governing Law; Submission to Jurisdiction; Appointment of Service Agent. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE
CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE SPV AND THE SERVICER HEREBY SUBMITS TO THE 

  
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NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL
PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF THE SPV AND THE SERVICER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO,
ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS
SECTION 13.4 SHALL AFFECT THE RIGHT OF THE LENDERS TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OF THE SPV OR THE SERVICER OR ANY OF THEIR RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 

(b) EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT
OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS. 

SECTION 13.5 Integration. This Agreement contains the final and complete integration of all prior expressions by the parties hereto
with respect to the subject matter hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

SECTION 13.6 Severability of Provisions. If any one or more of the provisions of this Agreement shall for any reason whatsoever be held
invalid, then such provisions shall be deemed severable from the remaining provisions of this Agreement and shall in no way affect the validity or enforceability of such other provisions. 

SECTION 13.7 Counterparts; Facsimile Delivery. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Delivery by facsimile of an executed signature page of this Agreement
shall be effective as delivery of an executed counterpart hereof. 
 SECTION 13.8 Successors and Assigns; Binding Effect.
(a) This Agreement shall be binding on the parties hereto and their respective successors and assigns; provided, however, that neither the SPV nor the Servicer may assign any of its rights or delegate any of its duties hereunder
or under the First Tier Agreement or under any of the other Transaction Documents to which it is a party without the prior written consent of the Agents. Except as provided in clauses (b), (e), or (h) below, no provision of this Agreement shall
in any manner restrict the ability of any Lender to assign, participate, grant security interests in, or otherwise transfer its interest in any portion of the Loans. 

  
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 (b) Any Lender may assign all or any portion of its Commitment and its interest in the Loans and
its other rights and obligations hereunder to any Person with the written approval of the SPV (which approval shall not be unreasonably withheld or delayed), each Administrator, on behalf of the related Lender, and the Facility Agent (which approval
shall not be unreasonably withheld or delayed); provided, however, such consent of the SPV shall not be required in the case of an assignment to any Administrator or Program Support Provider, an Affiliate of any
Administrator or Program Support Provider, or any commercial paper conduit administered by any Administrator or Program Support Provider which commercial paper conduit’s commercial paper has a rating equal to or greater than the rating of the
Commercial Paper of the assigning Lender. In connection with any such assignment, the assignor shall deliver to the assignee(s) an Assignment and Assumption Agreement, duly executed, assigning to such assignee a pro rata
interest in such assignor’s Commitment and other obligations hereunder and its interest in the Loans and other rights hereunder, and such assignor shall promptly execute and deliver all further instruments and documents, and take all further
action, that the assignee may reasonably request, in order to protect, or more fully evidence the assignee’s right, title and interest in and to such interest and to enable the Facility Agent, on behalf of such assignee, to exercise or enforce
any rights hereunder and under the other Transaction Documents to which such assignor is or, immediately prior to such assignment, was a party. Upon any such assignment, (i) the assignee shall have all of the rights and obligations of the
assignor hereunder and under the other Transaction Documents to which such assignor is or, immediately prior to such assignment, was a party with respect to such assignor’s Commitment and interest in the Loans for all purposes of this Agreement
and under the other Transaction Documents to which such assignor is or, immediately prior to such assignment, was a party and (ii) the assignor shall have no further obligations with respect to the portion of its Commitment which has been
assigned and shall relinquish its rights with respect to the portion of its interest in the Loans which has been assigned for all purposes of this Agreement and under the other Transaction Documents to which such assignor is or, immediately prior to
such assignment, was a party. No such assignment shall be effective unless a fully executed copy of the related Assignment and Assumption Agreement shall be delivered to the Facility Agent and the SPV. All costs and expenses of the Facility Agent
incurred in connection with any assignment hereunder shall be borne by (A) the Servicer or the SPV, as the case may be, if such assignment is made at the request of the Servicer or the SPV, and (B) in all other circumstances, the assignor.
No Lender shall assign any portion of its Commitment hereunder without also simultaneously assigning an equal portion of its interest in the Program Support Agreement to which it is a party or under which it has acquired a participation. 

(c) If any assignee shall petition the SPV for any amounts under Section 9.2 or Section 9.3, then the SPV may
designate a replacement financial institution, with the Facility Agent’s consent (which consent shall not be unreasonably withheld or delayed), to which such assignee shall, subject to its receipt of an amount equal to its interest in the
Loans, and accrued and unpaid interest thereon and fees in connection therewith, promptly assign all of its rights, obligations and such assignee’s Commitment and interest in the Loans for all purposes of this Agreement and under the other
Transaction Documents to which such assignee is or, immediately prior to such assignment, was a party. 
 (d) By executing and delivering an
Assignment and Assumption Agreement, the assignor and assignee thereunder confirm to and agree with each other and the other parties 

  
 -93- 

 
hereto as follows: (i) other than as provided in such Assignment and Assumption Agreement, the assignor makes no representation or warranty and assumes no responsibility with respect to any
statements, warranties or representations made in or in connection with this Agreement, the other Transaction Documents or any other instrument or document furnished pursuant hereto or thereto or the execution, legality, validity, enforceability,
genuineness, sufficiency or value of this Agreement, the other Transaction Documents or any such other instrument or document; (ii) the assignor makes no representation or warranty and assumes no responsibility with respect to the financial
condition of the SPV, the Originator or the Servicer or the performance or observance by the SPV, the Originator, or the Servicer of any of their respective obligations under this Agreement, the First Tier Agreement, the other Transaction Documents
or any other instrument or document furnished pursuant hereto; (iii) such assignee confirms that it has received a copy of this Agreement, the First Tier Agreement, each other Transaction Document and such other instruments, documents and
information as it has deemed appropriate to make its own credit analysis and decision to enter into such Assignment and Assumption Agreement and to purchase such interest; (iv) such assignee will, independently and without reliance upon the
Facility Agent, or any of its Affiliates, or the assignor and based on such agreements, documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under this Agreement
and the other Transaction Documents; (v) such assignee appoints and authorizes the Facility Agent to take such action as agent on its behalf and to exercise such powers under this Agreement, the other Transaction Documents and any other
instrument or document furnished pursuant hereto or thereto as are delegated to the Facility Agent by the terms hereof or thereof, together with such powers as are reasonably incidental thereto and to enforce its respective rights and interests in
and under this Agreement, the other Transaction Documents and the Affected Assets; (vi) such assignee agrees that it will perform in accordance with their terms all of the obligations which by the terms of this Agreement and the other
Transaction Documents are required to be performed by it as the assignee of the assignor; and (vii) such assignee agrees that it will not institute against the Lender any proceeding of the type referred to in Section 13.11 prior to
the date which is one year and one day after the payment in full of all Commercial Paper issued by such Lender. 
 (e) Each of the SPV and
the Servicer hereby agrees and consents to the assignment by any Lender from time to time of all or any part of its rights under and interest in this Agreement and the Affected Assets to its Program Support Provider. 

(f) Upon any assignment pursuant to this Agreement, each assignee warrants, as of the date of such assignment, that it is not subject to any
taxes, charges, levies or withholdings with respect to payments under this Agreement that are imposed by means of withholding by any applicable taxing authority (“Withholding Tax”). Each assignee agrees to provide the Facility
Agent, from time to time upon the Facility Agent’s request, completed and signed copies of any documents that may be required by an applicable taxing authority to certify such assignee’s exemption from Withholding Tax with respect to
payments to be made to such assignee under this Agreement. The SPV’s obligations under Section 7.3 do not apply to any Taxes that arise as a result of a breach of any representation or covenant above. 

(g) Any financial institution (an “Additional Lender”) may join this Agreement as a Lender (including a Conduit Lender) with
the prior written consent of the SPV and without the necessity of obtaining the consent of any other Lenders then a party hereto by executing and 

  
 -94- 

 
delivering to the SPV, the Servicer, the Facility Agent, each Administrator and each other Lender a joinder agreement (the “Joinder Agreement”) in the form of Exhibit I
hereto. Upon execution and delivery of such agreement in accordance with this subsection, such Additional Lender shall be a “Lender” and its administrator, if any, shall be an “Administrator” for all purposes of this Agreement
and the other Transaction Documents, and the SPV shall, concurrently with such execution and delivery, duly issue and deliver to such Additional Lender a Lender Note to the order of such Additional Lender in the amount of its Commitment. 

(h) Notwithstanding any other provision of this Section 13.8, any Lender may at any time pledge or grant a security interest in
all or any portion of its rights (including, without limitation, rights to payment of capital and yield) under this Agreement or under the Program Support Agreement to secure obligations of such Lender to a Federal Reserve Bank, without notice to or
consent of the SPV or any Agent; provided that no such pledge or grant of a security interest shall release a Lender from any of its obligations hereunder or under the Program Support Agreement, as the case may be, or substitute any
such pledgee or grantee for such Lender as a party hereto or to the Program Support Agreement, as the case may be. 
 (i) The SPV shall pay
to the Facility Agent, for the account of the related Conduit Lender, in connection with any assignment by such Conduit Lender to any Program Support Providers pursuant to this Section 13.8 on the Settlement Date on which such interest
is payable, an aggregate amount equal to all interest on the Loans to accrue through the end of the current Rate Period to the extent attributable to the portion of the Loans so assigned to such Program Support Providers (which interest shall be
determined for such purpose using the CP Rate most recently determined by the applicable Administrator) (as determined immediately prior to giving effect to such assignment), plus all other Senior Obligations (excluding the principal amount of the
Loans) owing by the SPV to such Conduit Lender. If the SPV fails to make payment of such amounts at or prior to the time of assignment by any Conduit Lender to the related Program Support Providers, such amount shall be paid by such Program Support
Providers (in accordance with their respective Pro Rata Shares) to such Conduit Lender as additional consideration for the interests assigned to such related Program Support Providers and the amount of the outstanding principal amount of the Loans
maintained by the related Program Support Providers shall be increased by an amount equal to the additional amount so paid by the related Program Support Providers. 

SECTION 13.9 Waiver of Confidentiality. Each of the SPV and the Servicer hereby consents to the disclosure of any non-public
information with respect to it received by the Facility Agent, any Lender or any Administrator to any other Lender or potential Lender, any Agent, any nationally recognized statistical rating organization rating or purporting to rate each
Lender’s Commercial Paper, any dealer or placement agent of or depositary for such Lender’s Commercial Paper, any Program Support Provider or any of such Person’s counsel or accountants in relation to this Agreement or any other
Transaction Document, provided that each such Person shall agree to comply with Section 13.10 hereof with respect to such non-public information of the SPV, the Servicer and the Originator, as the case may be. 

SECTION 13.10 Confidentiality Agreement. (a) Each of the SPV and the Servicer hereby agrees that it will not disclose the contents
of this Agreement or any other Transaction Document or any other proprietary or confidential information of or with respect to any Lender, 

  
 -95- 

 
the Facility Agent, any Administrator or any Program Support Provider to any other Person except (a) its auditors and attorneys, employees or financial advisors and any nationally recognized
statistical rating organization, provided such auditors, attorneys, employees, financial advisors or rating agencies are informed of the highly confidential nature of such information or (b) as otherwise required by Applicable Law or order of a
court of competent jurisdiction. 
 (a) Each of the Facility Agent, the Administrators and the Lenders hereby agrees that it will not
disclose the contents of this Agreement or any other Transaction Document or any other proprietary or confidential information of or with respect to the SPV, the Servicer and the Originator to any other Person except to: (a) any Person that may
become an Agent, a Lender or a Program Support Provider hereunder, (b) its auditors and attorneys, employees or financial advisors and any nationally recognized statistical rating organization, provided such auditors, attorneys, employees,
financial advisors or rating agencies are informed of the highly confidential nature of such information and have been instructed to keep such information confidential or (c) as otherwise required by Applicable Law or order of a court of
competent jurisdiction. 
 (c) Notwithstanding (a) or (b) of this Section 13.10 or any other provision herein express
or implied to the contrary, each party hereto, (and each employee, representative or other agent of such party), may disclose to any and all persons, without limitation of any kind, the U.S. tax treatment and U.S. tax structure of the transactions
contemplated in this Agreement and all materials of any kind (including opinions or other tax analyses) that are provided to any of the foregoing persons relating to such U.S. tax treatment and U.S. tax structure, other than any information for
which nondisclosure is reasonably necessary in order to comply with applicable securities Laws. For purposes of this paragraph, the terms “tax treatment” and “tax structure” have the meanings specified in Treasury Regulation
section 1.6011-4(c). 
 SECTION 13.11 No Bankruptcy Petition Against Conduit Lender. Each of the SPV and the Servicer hereby
covenants and agrees that, prior to the date which is two (2) years and one day after the payment in full of all outstanding Commercial Paper or other rated indebtedness of any Conduit Lender, it will not institute against, or join any other
Person in instituting against, such Conduit Lender any proceeding of a type referred to in the definition of Event of Bankruptcy. 
 SECTION
13.12 No Recourse Against Conduit Lenders, Stockholders, Officers or Directors. Notwithstanding anything to the contrary contained in this Agreement, the obligations of each Conduit Lender under this Agreement and all other Transaction
Documents are solely the corporate obligations of such Conduit Lender and shall be payable solely to the extent of funds received from the SPV in accordance herewith or from any party to any Transaction Document in accordance with the terms thereof
in excess of funds necessary to pay matured and maturing Commercial Paper. No recourse under any obligation, covenant or agreement of the Conduit Lenders contained in this Agreement shall be had against any stockholder, employee, officer, director
(including any corporation or entity which provides services of independent directors to any Conduit Lender, such corporation or entity, a “Corporate Service Provider”) or incorporator of the Conduit Lenders or beneficial owner of
any of them, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that this Agreement is solely a corporate obligation of the

  
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Conduit Lenders, and that no personal liability whatsoever shall attach to or be incurred by the stockholder, employee, officer, director (including any Corporate Service Provider) or
incorporator of the Conduit Lenders or beneficial owner of any of them, as such, or any of them, under or by reason of any of the obligations, covenants or agreements of the Conduit Lenders contained in this Agreement, or implied therefrom, and that
any and all personal liability for breaches by the Conduit Lenders of any of such obligations, covenants or agreements, either at common law or at equity, or by statute or constitution, every such stockholder, employee, officer, director (including
any Corporate Service Provider) or incorporator of the Conduit Lenders or beneficial owner of any of them is hereby expressly waived as a condition of and consideration for the execution of this Agreement; provided, however, that this
Section 13.12 shall not relieve any such stockholder, employee, officer, director (including any Corporate Service Provider) or incorporator of the Conduit Lenders or beneficial owner of any of them of any liability it might otherwise
have for its own intentional misrepresentation or willful misconduct. 
 SECTION 13.13 No Recourse Against Stockholders, Officers,
Members or Directors of the SPV, the Originator, the Servicer. Notwithstanding anything to the contrary contained in this Agreement, the obligations of each SPV, the Originator and the Servicer under this Agreement and all other Transaction
Documents are solely the corporate or limited liability company obligations of such Person. No recourse under any obligation, covenant or agreement of the SPV, the Originator or the Servicer contained in this Agreement shall be had against any
stockholder, employee, member, officer, director or incorporator of such Person or beneficial owner of any such Person, as such, by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it
being expressly agreed and understood that this Agreement is solely a corporate or limited liability company’s obligation of the SPV, the Originator and the Servicer, as the case may be, and that no personal liability whatsoever shall attach to
or be incurred by the stockholder, employee, member, officer, director or incorporator of such Person or beneficial owner of any of them, as such, or any of them, under or by reason of any of the obligations, covenants or agreements of such Person
contained in this Agreement, or implied therefrom, and that any and all personal liability for breaches by such Person of any of such obligations, covenants or agreements, either at common law or at equity, or by statute or constitution, every such
stockholder, employee, officer, director or incorporator of the SPV, the Originator or the Servicer or beneficial owner of any of them is hereby expressly waived as a condition of and consideration for the execution of this Agreement;
provided, however, that this Section 13.13 shall not relieve any such stockholder, employee, member, officer, director or incorporator of the SPV, the Originator or the Servicer, as the case may be, or beneficial owner of
any of them of any liability it might otherwise have for its own intentional misrepresentation or willful misconduct. 

[SIGNATURES FOLLOW] 

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

			
	 CCG RECEIVABLES V, LLC,

as SPV

		
	By:		 /s/ E.R. Gebhart

			Name: E.R. Gebhart
			Title: CFO and Treasurer
	
	 COMMERCIAL CREDIT GROUP INC.,

as Servicer

		
	By:		 /s/ E.R. Gebhart

			Name: E.R. Gebhart
			Title: VP and Treasurer

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 S-1 

 
			
	FAIRWAY FINANCE COMPANY, LLC,
	as Lender
		
	By:		 /s/ Michael R. Newell

			Name: Michael R. Newell
			Title: Vice President
	
	 BMO CAPITAL MARKETS CORP.

as Facility Agent

		
	By:		 /s/ Matthew Peters

			Name: Matthew Peters
			Title: Managing Director
	
	 BMO CAPITAL MARKETS CORP.

as Administrator

		
	By:		 /s/ Matthew Peters

			Name: Matthew Peters
			Title: Managing Director

 [SIGNATURES CONTINUE ON FOLLOWING PAGE] 

  
 S-2 

 
			
	PORTFOLIO FINANCIAL SERVICING
	 COMPANY,
 as
Backup Servicer

		
	By:		 /s/ John Enyart

			Name: John Enyart
			Title: President

  
 S-3 

 Schedule I 

Commitment Amount 
  

					
	 Lender
	  	Commitment	 
		
	 Fairway Finance Company, LLC
	  	$	75,000,000	  

  
 Schedule I-1 

 Schedule 3.1(i) 

Location of Certain Offices and Records 

Commercial Credit Group Inc. 
 227 West Trade
Street 
 Suite 1450 
 Charlotte, NC 28202 

704-731-0031 
 Suite 280 

2056 Westings Ave 
 Naperville, IL 60563 

630-718-4650 
 CCG Receivables V, LLC 

227 West Trade Street 
 Suite 1450A 

Charlotte, NC 28202 
 704-731-0031 

  
 Schedule 3.1(i)-1 

 Schedule 3.1(s) 

List of Lock-Box Banks and Lock-Box Accounts, Collection Account 

Lock-Box Banks and Lock-Box Accounts 

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

Collection Account 
 Account number
2000024868828 of the SPV maintained with Wells Fargo Bank, National Association, having offices located at 1 South Broad Street, Mail Code: PA1227, Philadelphia, Pennsylvania and 401 S. Tryon Street, 10th Floor, TS Legal Risk Mgmt., Mail Code
NC0817, Charlotte, North Carolina 28288. 

  
 Schedule 3.1(s)-1 

 PERFECTION REPRESENTATIONS, WARRANTIES AND COVENANTS 

In addition to the representations, warranties and covenants contained in the Agreement, to induce the Lenders, the Agents and the
Administrators to enter into the Agreement and, in the case of the lenders, to make the Loans hereunder, each of the SPV and the Servicer hereby represents, warrants, and covenants to the Agents, the Administrators and the Lenders as to itself as
follows on the date hereof and on each Borrowing Date thereafter: 
 General 

1. The Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Pool Receivables pledged in favor
of the Facility Agent (for the benefit of the Secured Parties), which security interest is prior to all other Adverse Claims, excepting other Permitted Adverse Claims and liens for taxes, assessments or similar governmental charges or levies that
are not yet due and payable or as to which any applicable grace period shall not have expired, or that are being contested in good faith by proper proceedings and for which adequate reserves have been established, but only so long as foreclosure
with respect to such a lien is not imminent and the use and value of the property to which the Adverse Claim attaches is not impaired during the pendency of such proceeding, and is enforceable as such as against creditors of and purchasers from the
SPV. 
 2. The Pool Receivables constitute “accounts,” “instruments,” “general intangibles,” or “tangible
chattel paper” within the meaning of the UCC. 
 3. The Collection Account and all subaccounts thereof (collectively, the “Deal
Accounts”), constitute either a deposit account, a securities account or securities entitlement. 
 4. The SPV has taken all steps
necessary to perfect its security interest against the Obligor in the Equipment securing the Pool Receivables. 
 5. The SPV has received
all consents and approvals required by the terms of the Pool Receivables to the pledge of a security interest in the Pool Receivables hereunder to the Facility Agent (for the benefit of the Secured Parties). 

Creation 
 6. The SPV owns
and has good and marketable title to any transferred Pool Receivable free and clear of any Adverse Claim, claim or encumbrance of any Person, excepting other Permitted Adverse Claims and liens for taxes, assessments or similar governmental charges
or levies that are not yet due and payable or as to which any applicable grace period shall not have expired, or that are being contested in good faith by proper proceedings and for which adequate reserves have been established, but only so long as
foreclosure with respect to such a lien is not imminent and the use and value of the property to which the Adverse Claim attaches is not impaired during the pendency of such proceeding. 

  
 1 

 Perfection 

7. The SPV has caused the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under
Applicable Law in order to perfect the sale of the Pool Receivables from the Originator to the SPV, and the security interest in the Pool Receivables granted to the Facility Agent (for the benefit of the Secured Parties) hereunder. 

8. With respect to the Deal Accounts that constitute deposit accounts, upon formation of any such accounts, the SPV shall take all steps
necessary to cause the Facility Agent (for the benefit of the Secured Parties) to become the account holder of the Deal Accounts. 
 9.
There are no Deal Accounts that constitute securities accounts or securities entitlements. 
 Priority 

10. Other than the transfer of the Pool Receivables to the SPV under the First Tier Agreement and the security interest granted to the
Facility Agent (for the benefit of the Secured Parties) pursuant to the Agreement or as otherwise permitted under the First Tier Agreement, the SPV has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the
Pool Receivables or the Deal Accounts. The SPV has not authorized the filing of, nor is aware of any financing statements against the SPV or the Originator that include a description of collateral covering the Pool Receivables or the Deal Accounts
other than any financing statement relating to the transfer of Pool Receivables under the First Tier Agreement or the security interest granted to the Facility Agent (for the benefit of the Secured Parties) hereunder or that has been or is being
terminated in connection with the execution of the Agreement. The SPV is not aware of any judgment or tax lien filings against the SPV. 

11. None of the Deal Accounts that are securities accounts are in the name of any person other than the SPV or the Facility Agent (for the
benefit of the Secured Parties). The SPV has not consented to the securities intermediary of any Deal Account to comply with entitlement orders of any person other than the Facility Agent (for the benefit of the Secured Parties). 

12. None of the Deal Accounts that are deposit accounts are in the name of any person other than the SPV or the Agent (for the benefit of the
Secured Investors). The SPV has not consented to the bank maintaining the Deal Accounts to comply with instructions of any person other than the Facility Agent (for the benefit of the Secured Parties). 

13. With respect to Receivables which constitute “tangible chattel paper” or “instruments” within the meaning of the UCC,
the Custodian, as agent for the SPV, has in its possession all original copies of the instruments that constitute or evidence the Pool Receivables. The Contracts and instruments that constitute or evidence the Pool Receivables do not have any marks
or notation indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Facility Agent (for the benefit of the Secured Parties). All financing statements filed or to be filed against the SPV in favor of the
Facility Agent (for the benefit of the Secured Parties) in connection herewith describing the Pool Receivables contain a statement 

  
 Schedule 3.1(aa)-2 

 
to the following effect: “A purchase of or security interest in any collateral described in this financing statement which is not permitted under the Agreement will violate the rights of the
Facility Agent (for the benefit of the Secured Parties).” 
 14 Survival of Perfection Representations. Notwithstanding any
other provision of the Agreement or any other Transaction Document, the Perfection Representations contained in this Schedule shall be continuing, and remain in full force and effect (notwithstanding any termination of the Commitments of the
Lenders) until the occurrence of the Final Payout Date. 
 15 No Waiver. The parties to the Agreement: (i) shall not, without
obtaining a confirmation of the then-current rating of the commercial paper of the Conduit Lenders, waive any of the Perfection Representations; (ii) shall provide the rating agencies then rating the commercial paper of the Conduit Lenders with
prompt written notice of any breach of the Perfection Representations, and shall not, without obtaining a confirmation of the then-current rating of the commercial paper of the Conduit Lenders (as determined after any adjustment or withdrawal of the
ratings following notice of such breach) waive a breach of any of the Perfection Representations. 

  
 Schedule 3.1(aa)-3 

 Schedule 7.2(c) 

Scope of Servicer Audit 

[To Be Attached] 

  
 1 

 Schedule 13.3 

Notice and Payment Information 
  

	1.	Notice Information: 

 Commercial Credit Group, Inc. 

227 West Trade Street 
 Suite 1450 

Charlotte, NC 28202 
 Phone: 704-731-0031 

Attn: Roger Gebhart-VP and Treasurer 
 Facsimile: (704) 731-0030

 Email: rgebhart@commercialcreditgroup.com 
 CCG
Receivables V, LLC 
 227 West Trade Street 
 Suite
1450A 
 Charlotte, NC 28202 
 Phone: 704-731-0031 

Attn: Roger Gebhart-CFO 
 Facsimile: (704) 731-0030 

Email: rgebhart@commercialcreditgroup.com 
 Fairway Finance
Company, LLC 
 Fairway Finance Company, LLC 
 c/o Lord
Securities Company, LLC 
 48 Wall Street, 27th Floor 

New York, New York 10005 
 With a copy to: 

BMO Capital Markets Corp. 
 Attention: Conduit Management Team

 115 South LaSalle Street 
 13th Floor 

Chicago, Illinois 60603 
 Phone: (312) 293-8005 

Facsimile: (312) 461-3189 
 Email: fundingdesk@bmo.com 

  
 Schedule 13.3-1 

 BMO Capital Markets Corp. 

BMO Capital Markets Corp. 
 Attention: Conduit Management Team

 115 South LaSalle Street 
 13th Floor, 

Chicago, Illinois 60603 
 Phone: (312) 293-8005 

Facsimile: (312) 461-3189 
 Email: fundingdesk@bmo.com 

 

	2.	Payment Information: 

 SPV’s Account: 

Account number 2000021693805 of CCG maintained with CCG’s Designated Account Bank, or such other deposit account of CCG or the SPV
(located within the United States) has been designated as such, in writing, by the SPV to the Facility Agent. 
 “Designated Account
Bank” means Wells Fargo Bank, National Association, having its office located at: 
 1 South Broad Street 

MAC: Y1375-052 
 Philadelphia, PA
19107 
 401 S. Tryon Street 
 7th Floor, TS Legal Risk Mgmt. 
 MAC: D1129-072 

Charlotte, NC 28282 
 Fairway Finance Company,
LLC 
 Wiring Instructions for Principal Payments, Ongoing Interest, Upfront Fee and Other Fees: 

Bank: Harris Trust & Savings Bank Chicago, IL 
 ABA#:
071000288 
 Acct #: 254580-4 
 Acct. Name: Fairway Finance
Company, LLC 
 Reference: CCG Receivables V, LLC 

  
 Schedule 13.3-2 

 Exhibit A 

Form of Assignment and Assumption Agreement 

Reference is made to the LOAN AND ADMINISTRATION AGREEMENT dated as of June 13, 2011 (as it may be amended or otherwise modified
from time to time, the “Agreement”) among CCG RECEIVABLES V, LLC, a Delaware limited liability company (the “SPV”), COMMERCIAL CREDIT GROUP INC., a Delaware corporation, individually and as initial
Servicer, PORTFOLIO FINANCIAL SERVICES COMPANY, as Backup Servicer, FAIRWAY FINANCE COMPANY, LLC, as Lender, BMO CAPITAL MARKETS CORP., as Administrator, BMO CAPITAL MARKETS CORP., as Facility Agent for the Lenders and
THE OTHER LENDERS AND ADMINISTRATORS FROM TIME TO TIME PARTIES THERETO. Capitalized terms used herein but not otherwise defined herein have the meanings set forth in the Agreement. 

[                    ] (the
“Assignor”) and [                    ] (the “Assignee”) agree as follows: 

1. The Assignor hereby sells and assigns to the Assignee, without recourse and without representation and warranty, and the Assignee hereby
purchases and assumes from the Assignor, an interest in and to all of the Assignor’s rights and obligations under the Agreement and the other Transaction Documents. Such interest, expressed as a pro rata share of all rights and obligations of
the Assignor, shall be equal to the percentage equivalent of a fraction the numerator of which is $[        ] and the denominator of which is the total Commitments of all Lenders. After giving effect to such
sale and assignment, the Assignee’s Commitment will be as set forth on the signature page hereto. 
 2. [In consideration of the
payment of $[        ], being [    ]% of the existing outstanding principal amount of the Loans, and of $[        ], being
[    ]% of the aggregate unpaid accrued interest thereon, receipt of which payment is hereby acknowledged, the Assignor hereby assigns to the Facility Agent for the account of the Assignee, and the Assignee hereby purchases from
the Assignor, a [    ]% interest in and to all of the Assignor’s right, title and interest in and to the outstanding principal amount of the Loans purchased by the Assignee on
[            ], 20[    ] under the Agreement.] 
 3. The
Assignor (i) represents and warrants that it is the legal and beneficial owner of the interest being assigned by it hereunder and that such interest is free and clear of any Adverse Claim; (ii) makes no representation or warranty and
assumes no responsibility with respect to any statements, warranties or representations made in or in connection with the Agreement, any other Transaction Document or any other instrument or document furnished pursuant thereto or the execution,
legality, validity, enforceability, genuineness, sufficiency or value of the Agreement or the Receivables, any other Transaction Document or any other instrument or document furnished pursuant thereto; and (iii) makes no representation or
warranty and assumes no responsibility with respect to the financial condition of any of the SPV or the Servicer or the Originator or the performance or observance by any of the SPV, the Servicer or the Originator of any of its obligations under the
Agreement, any other Transaction Document, or any instrument or document furnished pursuant thereto. 
 4. The Assignee (i) confirms
that it has received a copy of the Agreement and the First Tier Agreement together with copies of the financial statements referred to in Section 5.1 of 

  
 Exh. A-1 

 
the Agreement, to the extent delivered through the date of this Assignment and Assumption Agreement (the “Assignment”), and such other documents and information as it has deemed
appropriate to make its own credit analysis and decision to enter into this Assignment; (ii) agrees that it will, independently and without reliance upon the Facility Agent, any of its Affiliates, the Assignor or any other Lender and based on
such documents and information as it shall deem appropriate at the time, continue to make its own credit decisions in taking or not taking action under the Agreement and any other Transaction Document; (iii) appoints and authorizes the Facility
Agent to take such action as agent on its behalf and to exercise such powers and discretion under the Agreement and the other Transaction Documents as are delegated to the Facility Agent by the terms thereof, together with such powers and discretion
as are reasonably incidental thereto; (iv) agrees that it will perform in accordance with their terms all of the obligations which by the terms of the Agreement are required to be performed by it as a Lender; and (v) specifies as its
address for notices and its account for payments the office and account set forth beneath its name on the signature pages hereof. 
 5. The
effective date for this Assignment shall be the later of (i) the date on which the Facility Agent receives this Assignment executed by the parties hereto and receives the consent of the [applicable] Administrator, on behalf of the Lender, and
(ii) the date of this Assignment (the “Effective Date”). Following the execution of this Assignment and the consent of the [applicable] Administrator, on behalf of the Lender, this Assignment will be delivered to the Facility
Agent for acceptance and recording. 
 6. Upon such acceptance and recording, as of the Effective Date, (i) the Assignee shall be a
party to the Agreement and, to the extent provided in this Assignment, have the rights and obligations of a Lender thereunder and (ii) the Assignor shall, to the extent provided in this Assignment, relinquish its rights and be released from its
obligations under the Agreement. 
 7. Upon such acceptance and recording, from and after the Effective Date, the Facility Agent shall make
all payments under the Agreement in respect of the interest assigned hereby (including, without limitation, all payments in respect of such interest in outstanding principal of the Loans and all accrued and unpaid interest thereon and fees to the
Assignee. The Assignor and Assignee shall make all appropriate adjustments in payments under the Agreement for periods prior to the Effective Date directly between themselves. 

8. The Assignee shall not be required to fund hereunder an aggregate amount at any time outstanding in excess of
$[        ], minus the aggregate outstanding amount of any interest funded by the Assignee in its capacity as a participant under the Program Support Agreement. 

9. The Assignor agrees to pay the Assignee its pro rata share of fees in an amount equal to the product of
(a) [        ] per annum and (b) the [Commitment] during the period after the Effective Date for which such fees are owing and paid by the SPV pursuant to the Agreement. 

10. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE CONFLICTS
OF LAW PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 

  
 Exh. A-2 

 11. This agreement contains the final and complete integration of all prior expressions by the
parties hereto with respect to the subject matter hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

12. If any one or more of the covenants, agreements, provisions or terms of this agreement shall for any reason whatsoever be held invalid,
then such covenants, agreements, provisions, or terms shall be deemed severable from the remaining covenants, agreements, provisions, or terms of this agreement and shall in no way affect the validity or enforceability of the other provisions of
this agreement. 
 13. This agreement may be executed in any number of counterparts and by different parties hereto in separate
counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. Delivery by facsimile of an executed signature page of this agreement shall be effective
as delivery of an executed counterpart hereof. 
 14. This agreement shall be binding on the parties hereto and their respective successors
and assigns. 

  
 Exh. A-3 

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

			
	[ASSIGNOR]
		
	By:		  

			Name:
			Title:
	
	[ASSIGNEE]
		
	By:		  

			Name:
			Title:

  
 Exh. A-4 

			
	Consented to this      day of 201    
	
	
[                   
 ],
 as Administrator for [name of the Lender]

		
	 By:
		  

			 Name:

			 Title:

	
	 Consented to this      day of 201    

  

			
	BMO CAPITAL MARKETS CORP.
	as the Facility Agent
		
	By:		  

			Name:
			Title:
	
	Consented to this      day of 201    

  

			
	CCG Receivables V, LLC
		
	By:		  

			Name:
			Title:

  
 Exh. A-5 

 Exhibit B 

Form of Contract[s] 

  
 Exh. B-1 

 Exhibit C 

Credit and Collection Policies and Practices 

  
 Exh. C-1 

 Exhibit D 

Form of Borrowing Request 

CCG RECEIVABLES V, LLC, a Delaware limited liability company (the “SPV”), pursuant to Section 2.2(a) of
the LOAN AND ADMINISTRATION AGREEMENT dated as of June 13, 2011 (as it may be amended or otherwise modified from time to time, the “Agreement”) among COMMERCIAL CREDIT GROUP INC., a Delaware corporation,
individually and as initial Servicer, PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation, as Backup Servicer, FAIRWAY FINANCE COMPANY, LLC, as Lender, BMO CAPITAL MARKETS CORP., as Administrator, BMO CAPITAL
MARKETS CORP., as the Facility Agent for the Lenders, and THE OTHER LENDERS AND ADMINISTRATORS FROM TIME TO TIME PARTIES HERETO hereby requests that the [Lender] make a Loan to the SPV pursuant to the following instructions: 

 

					
	Borrowing Date:		  
		
	Principal Amount of Loan requested:		  
		
	Beginning aggregate outstanding principal amount of the Loans		  
		
	Ending aggregate outstanding principal amount of the Loans		  
		
	Account to be credited:		  
		
			  
		
			  
		

 Please credit the above-mentioned account on the Borrowing Date. Capitalized terms used herein and not
otherwise defined herein have the meaning assigned to them in the Agreement. 
 The SPV hereby certifies as of the date hereof that the
conditions precedent to such Loan set forth in Section 4.2 of the Agreement have been satisfied, and that all of the representations and warranties made in Section 3.1 of the Agreement are true and correct on and as of the
Borrowing Date, both before and after giving effect to the Loan. After giving effect to the proposed Loan, there will no Borrowing Base Deficit as calculated pursuant to the [Servicer Report] [Borrowing Base Certificate] delivered to the Facility
Agent on             , 201    . 
  

											
							CCG Receivables V, LLC
						
	Dated:		  
						By:		  

											Name:
											Title:

  
 Exh. D-1 

 Exhibit E 

FORM OF COMPLIANCE CERTIFICATE 

Pursuant to Section 5.1(a)(iii) of the Loan and Administration Agreement, dated June 13, 2011 (as amended, modified or
otherwise supplemented from time to time, the “Loan Agreement”; terms used herein but not otherwise defined shall have the meaning set forth in the Loan Agreement) among CCG Receivables V, LLC, as the SPV, Commercial Credit Group
Inc. (the “Company”), as Servicer, Fairway Finance Company, LLC, as the Lender, and BMO Capital Markets Corp. as the Facility Agent, the Company hereby certifies that that (A) the attached financial statements have been
prepared in accordance with GAAP and accurately reflect the financial condition of the Originator and its consolidated Subsidiaries and, (B) to the best of such Person’s knowledge, no Termination Event or Potential Termination Event exists
other than any Termination Event or Potential Termination Event described below. 
 IN WITNESS
WHEREOF, the undersigned has duly executed this Compliance Certificate. 
  

			
	COMMERCIAL CREDIT GROUP INC.
		
	By:		  

			Name:
			Title:

  
 Exh. E-1 

 Exhibit F 

Form of Servicer Report 

  
 Exh. F-1 

 Exhibit G 

CCG RECEIVABLES V, LLC 

FORM OF BORROWING BASE CERTIFICATE 

DATE:             , 201     

The undersigned does hereby certify as of the date hereof and pursuant to the Loan and Administration Agreement dated June 13, 2011 (the
“Loan Agreement”) among CCG Receivables V, LLC, as the SPV, Commercial Credit Group Inc. (“CCG”) as Servicer, Fairway Finance Company, LLC, as the Lender, and BMO Capital Markets Corp. as the Facility Agent, the SPV
hereby represents, warrants and certifies to the Lenders and the Facility Agent that (a) the information set forth in this Borrowing Base Certificate is correct as of the date hereof, (b) the representations and warranties made in
Section 3.1 of the Loan Agreement are true and correct on and as of the date hereof and (c) as of the date of this Borrowing Base Certificate, there exists no Potential Termination Event or Termination Event. 

Except as otherwise provided in this Borrowing Base Certificate, all defined terms in the Loan Agreement have the same meanings in this
Borrowing Base Certificate. 
 Borrowing Base Calculation: 
  

							
			 Outstanding Balance of Eligible Receivables as of most recent Month End Date:
		$	            	  
			
	 +
		 Outstanding Balance of Eligible Receivables added since the most recent Month End Date but prior to the date hereof:
		$	            	  
			
	 +
		 Outstanding Balance of Eligible Receivables added on the date hereof:
		$	            	  
			
	 -
		 Excess Concentration Amount as of the date hereof:
		$	            	  
			
	 =
		 Net Pool Balance as of the date hereof:
		$	            	  
			
	 -
		 Required Reserve as of the date hereof:
		$	            	  
			
	 -
		 Custodial Failure Amount as of the date hereof:
				
			
	 =
		 Borrowing Base as of the date hereof:
		$	            	  
			
			 Loans outstanding as of the date hereof:
		$	            	  
			
	 +
		 Amount of Loans requested on the Borrowing Date:
		$	            	  
			
	 =
		 Loans outstanding after the Borrowing Date:
		$	            	  
			
			 Borrowing Base Compliance as of the date of this Certificate?
				

  
 Exh. G-1 

 Exhibit G 
  

  
 Exh. G-2 

 Exhibit G 
  

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

 

					
	COMMERCIAL CREDIT GROUP INC.
		
	By:		  

			Title:		  

			Date:		  

  
 Exh. G-3 

 Exhibit H 

Form of Promissory Note 

REVOLVING NOTE 
  

									
	U.S.$75,000,000		 	Dated:	  		 	June 13, 2011	  

 FOR VALUE RECEIVED, CCG Receivables V, LLC, a Delaware limited liability company (the
“Borrower”), hereby unconditionally promises to pay to the order of BMO CAPITAL MARKETS CORP., as the Facility Agent for the Lenders and Administrators from time to time party to the Agreement (the “Facility Agent”)
on the Maturity Date, in lawful money of the United States of America, the principal sum of SEVENTY FIVE MILLION AND 00/100 DOLLARS (U.S.$75,000,000) or, if less than such amount, the then aggregate unpaid principal amount of all Loans made by the
Lenders to the Borrower from time to time pursuant to the Commitment established by the Loan and Administration Agreement, dated as of June 13, 2011 among the Borrower, the Facility Agent and the Lenders and Administrators from time to time
party thereto (as amended, restated, extended supplemented or otherwise modified in writing from time to time, the “Agreement”, the terms defined therein being used herein as therein defined). 

The Borrower shall also pay interest to the Lender, in like money, on the aggregate principal balance of each Loan evidenced hereby at the
rate or rates per annum provided in the Agreement. All payments of principal and interest shall be made to the Lender in immediately available funds. Accrued interest on each Loan shall be payable in arrears at the times specified in the Agreement.
In no event shall the rate of interest and other charges exceed the maximum rate permitted by laws governing this Note. 
 The Lender is
authorized to record the date, amount, Rate Type and Rate Period of each Loan, and the date and amount of each payment thereof, in the Lender’s internal records and on Schedule A attached hereto and made a part hereof; the Lender may add
additional pages to such schedule as necessary. Such recordation shall constitute prima facie evidence of the information so recorded, absent manifest error; provided, however, that the Lender’s failure to make any
such recordation shall not affect the Lender’s rights with respect to any Loan or the Borrower’s obligation to pay the principal of and accrued interest on all Loans in accordance with the Agreement and this Note. 

The Borrower may prepay the principal balance of this Note in whole or in part, at any time and from to time, subject to the terms and
conditions of the Agreement. 
 This Note is issued under and is subject to the terms of the Agreement, including, but not limited, to the
Termination Events defined therein, all of which terms are hereby expressly incorporated herein by reference. This Note is subject to prepayment and acceleration of maturity as set forth in the Agreement. 

This Note may not be amended, modified or supplemented except by a writing signed by the Lender and the Borrower. No act, failure or delay by
the Lender shall constitute a waiver of any of its rights and remedies. Any written waiver shall be applicable only in the specific instance for which it is given. 

 The Borrower, for itself, and its successors and assigns, hereby waives diligence, demand,
presentment, protest and notice of any kind, and assents to extensions of the time of payment or forbearance or other indulgence, without notice, except as otherwise expressly provided herein or in the Agreement. 

In the event the Lender or any holder hereof shall refer this Note to an attorney for collection after default by the Borrower, the Borrower
agrees to pay, in addition to unpaid principal and interest, all the reasonable costs and expenses incurred in attempting or effecting collection hereunder, including reasonable attorney’s fees (whether inside or outside counsel), whether or
not suit is instituted. 
 THIS NOTE SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT
REFERENCE TO THE CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW). THE BORROWER HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF
NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS NOTE. THE BORROWER HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY
OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. 

THE BORROWER HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE,
ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THIS NOTE. 
 If any term or provision of this Note shall be held invalid,
illegal or unenforceable, the validity of all other terms and provisions hereof shall in no way be affected thereby. 

  
 2 

 IN WITNESS WHEREOF, the Borrower has caused this Note to be executed by its duly
authorized officers on the date first written above. 
  

					
	CCG Receivables V, LLC
		
	By:		  

			Name:		  

			Title:		  

 SCHEDULE A 

TO 
 REVOLVING NOTE

 LOANS AND PAYMENTS WITH RESPECT THERETO 
  

													
	 Date
	  	 Type of

Loan Made
	  	 Amount of

Loan Made
	  	 End of

Interest

Period
	  	 Amount of

Principal or

Interest
 Paid This

Date
	  	 Outstanding

Principal
 Balance

This Date
	  	 Notation

Made By

	  	  	  	  	  	  
	  	  	  	  	  	  
	  	  	  	  	  	  
	  	  	  	  	  	  
		  		  		  		  		  		  	
		  		  		  		  		  		  	
		  		  		  		  		  		  	

  
 Exh. H-1 

 Exhibit I 

FORM OF LENDER JOINDER AGREEMENT 

JOINDER AGREEMENT (this “Agreement”), dated as of
            ,      by and between CCG RECEIVABLES V, LLC, a Delaware limited liability company (the “SPV”), and
                     (the “Additional Lender”). 

W I T N E S S E T H: 

WHEREAS, the SPV, Commercial Credit Group Inc., Fairway Finance Company, LLC (“Fairway”) and BMO Capital Markets
Corp., as Administrator for Fairway and the Facility Agent, and the other Lenders and Administrators party thereto, have heretofore entered into a Loan and Administration Agreement dated as of June 13, 2011 (as the same may from time to time be
amended, modified or supplemented, the “Loan Agreement”); 
 WHEREAS, the Additional Lender desires to join the Loan
Agreement as a Lender thereto; and 
 WHEREAS, pursuant to Section 13.8(g) of the Loan Agreement, the execution and
delivery of this Joinder Agreement is a condition precedent to the Additional Lender becoming a party to, and a Lender [Conduit Lender] under, the Loan Agreement; 

NOW, THEREFORE, for valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as
follows: 
 Section 1. Definitions. Capitalized terms used but not defined herein shall have the meanings ascribed to them in
the Loan Agreement. 
 Section 2. Joinder in the Loan Agreement. The Additional Lender hereby joins the Loan Agreement as a
Lender [Conduit Lender] and accepts and agrees to be bound by all of the terms and conditions applicable to a Lender [Conduit Lender] thereof, and the SPV hereby consents to such joinder of the Loan Agreement by the Additional Lender. The Additional
Lender confirms the appointment and authorization, pursuant to Section 10.1 of the Loan Agreement, of the Facility Agent. 

Section 3. “Lender” and “Administrator” under the Transaction Documents. The Additional Lender shall
henceforth be deemed a “Lender” and its administrator, if any, shall be deemed an “Administrator” for all purposes of the Loan Agreement and the other Transaction Documents to the same extent as existing Lenders are deemed
“Lenders” and existing Administrators are deemed “Administrators” under such agreements and documents. 

Section 4. Obligations of the SPV. The obligations of the SPV to the Additional Lender shall be secured by the Affected Assets
pursuant to the terms of the Loan Agreement with all other obligations of the SPV to all other Lenders and the Facility Agent in accordance with the terms of the Loan Agreement and the other Transaction Documents. 

Section 5. Commitment. The amount of the Additional Lender’s Commitment is
[                                         Dollars
($            )]. Concurrently herewith, the SPV is issuing a Lender Note to such Additional Lender payable to its order, with appropriate insertions, in the amount of the Additional
Lender’s Commitment. 

 Section 6. Counterparts. This Agreement may be executed in as many counterparts as
may be deemed necessary or convenient, each of which, when so executed, shall be deemed an original, but all such counterparts shall constitute one and the same instrument. 

Section 7. Governing Law. This Agreement shall be governed by, and construed and enforced in accordance with, the laws of the
State of New York, without reference to its principles of conflict of laws. 
 Section 8. Notices. The address of the Additional
Lender for purposes of Section 13.3 of the Loan Agreement is
                                         unless
changed in accordance with the terms thereof. 
 [Remainder of page intentionally left blank; signatures to follow] 

  
 2 

 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed as of the
date first above written. 
  

					
	[ADDITIONAL LENDER]
		
	By:		  

			Name:		
			Title:		
	
	 CCG RECEIVABLES V, LLC,

as SPV

		
	By:		  

			Name:		
			Title:		

  
 Exh. I-1 

 Exhibit J 

FORM OF NOTICE OF LOAN REDUCTION 

CCG Receivables V, LLC (the “SPV”), pursuant to Section 2.8(a) of the LOAN AND ADMINISTRATION
AGREEMENT dated as of June 13, 2011 (as it may be amended or otherwise modified from time to time, the “Agreement”) among CCG Receivables V, LLC, a Delaware limited liability company, COMMERCIAL CREDIT
GROUP INC., a Delaware corporation, individually and as initial Servicer, FAIRWAY FINANCE COMPANY, LLC, as Lender, BMO CAPITAL MARKETS CORP., as Administrator, BMO CAPITAL MARKETS CORP., as the Facility Agent for the
Lenders, and THE OTHER LENDERS AND ADMINISTRATORS FROM TIME TO TIME PARTIES HERETO hereby provides written notice to the Facility Agent that the SPV will be making a voluntary prepayment of a Loan to the SPV as follows: 

 

					
	 Date of Prepayment:
				
	Principal Amount of Loan being prepaid:				
	Beginning aggregate outstanding principal amount of the Loans				
	Ending aggregate outstanding principal amount of the Loans				
	Account to be credited:				

 The above-mentioned account will be credited on the Date of Prepayment. Capitalized terms used herein and not
otherwise defined herein have the meaning assigned to them in the Agreement. All payments to Fairway Finance Company, LLC must be made by 12:00 pm Eastern Time in order to comply with Section B(1)(a) of the DTC Operational Arrangements and
the DTC Notice (B#2078-07) dated September 11, 2007. 
  

									
							CCG Receivables V, LLC
					
	Dated:		  
						By:
									Name:
									Title:

  
 Exh. J-1

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