Document:

Exhibit

EXECUTION VERSION

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT
Dated as of January 31, 2017
Among
WHITE EAGLE ASSET PORTFOLIO, LP, 
as Borrower,
THE FINANCIAL INSTITUTIONS PARTY HERETO, 
as Lenders
IMPERIAL FINANCE & TRADING, LLC 
as Initial Servicer, as Initial Portfolio Manager and as Guarantor
LAMINGTON ROAD BERMUDA LTD. 
as Portfolio Manager
And
CLMG CORP.,
as Administrative Agent

TABLE OF CONTENTS
      Page
	
			
	ARTICLE DEFINITIONS
	2
	

	SECTION 1.1     DEFINED TERMS
	2
	

	SECTION 1.2     OTHER DEFINITIONAL PROVISIONS 
	2
	

	SECTION 1.3     OTHER TERMS 
	2
	

	SECTION 1.4     COMPUTATION OF TIME PERIODS
	2
	

	ARTICLE II THE LENDERS’ COMMITMENTS, BORROWING PROCEDURES,
	 

	SECURITY INTEREST AND LENDER NOTES 
	2
	

	SECTION 2.1     LENDERS’ COMMITMENTS
	2
	

	SECTION 2.2        BORROWING PROCEDURES 
	4
	

	SECTION 2.3        FUNDING
	5
	

	SECTION 2.4        REPRESENTATION AND WARRANTY 
	6
	

	SECTION 2.5        LENDER NOTES
	7
	

	SECTION 2.6        SECURITY INTEREST
	7
	

	SECTION 2.7        SALE OR ABANDONMENT OF COLLATERAL
	9
	

	SECTION 2.8        PERMITTED PURPOSES 
	14
	

	ARTICLE III INTEREST; INTEREST PERIODS; FEES, ETC.
	15
	

	SECTION 3.1        INTEREST RATES
	15
	

	SECTION 3.2        INTEREST PAYMENT DATES
	15
	

	SECTION 3.3        COMPUTATION OF INTEREST AND FEES
	16
	

	SECTION 3.4        PARTICIPATION INTEREST
	16
	

	SECTION 3.5        ADMINISTRATIVE AGENT FEE
	16
	

	ARTICLE IV PAYMENTS; PREPAYMENTS
	16
	

	SECTION 4.1        REPAYMENTS AND PREPAYMENTS
	16
	

	SECTION 4.2        MAKING OF THE EXPENSE DEPOSIT
	16
	

	SECTION 4.3        DUE DATE EXTENSION
	16
	

	ARTICLE V ACCOUNTS; DISTRIBUTION OF COLLECTIONS

	17
	

	SECTION 5.1        ACCOUNTS
	17
	

	SECTION 5.2        APPLICATION OF AVAILABLE AMOUNTS
	18
	

	SECTION 5.3        PERMITTED INVESTMENTS
	27
	

	SECTION 5.4        SHORTFALL EXCLUSION ELECTION
	28
	

	SECTION 5.5        LENDER VALUATION
	28
	

	ARTICLE VI INCREASED COSTS, ETC.
	28
	

	SECTION 6.1        INCREASED COSTS
	28
	

	SECTION 6.2        FUNDING LOSSES
	29
	

	SECTION 6.3        WITHHOLDING TAXES
	29
	

	SECTION 6.4        DESIGNATION OF A DIFFERENT LENDING OFFICE
	33
	

	ARTICLE VII CONDITIONS TO BORROWING
	33
	

	SECTION 7.1        CONDITIONS PRECEDENT TO THE CLOSING AND THE
	 

	INITIAL ADVANCE
	33
	

i

	
			
	SECTION 7.2        CONDITIONS PRECEDENT TO EACH ONGOING 
	 

	MAINTENANCE ADVANCE

	37
	

	SECTION 7.3        CONDITIONS PRECEDENT TO EACH ADDITIONAL POLICY
	 

	ADVANCE
	38
	

	SECTION 7.4        CONDITIONS PRECEDENT TO FIRST ADVANCE FOLLOWING 
	 

	THE ORIGINAL AMENDED AND RESTATED CLOSING DATE    
	41
	

	SECTION 7.5        CONDITIONS PRECEDENT TO FIRST ADVANCE FOLLOWING 
	 

	THE SECOND AMENDED AND RESTATED CLOSING DATE
	43
	

	ARTICLE VIII REPRESENTATIONS AND WARRANTIES
	45
	

	SECTION 8.1        REPRESENTATIONS AND WARRANTIES OF THE BORROWER
	45
	

	SECTION 8.2        REPRESENTATIONS AND WARRANTIES OF THE PORTFOLIO
	 

	MANAGER
	52
	

	SECTION 8.3        REPRESENTATIONS AND WARRANTIES OF THE 
	 

	GUARANTOR,THE INITIAL SERVICER AND THE INITIAL PORTFOLIO
	 

	 MANAGER

	55
	

	ARTICLE IX COVENANTS
	58
	

	SECTION 9.1        AFFIRMATIVE COVENANTS
	58
	

	SECTION 9.2        NEGATIVE COVENANTS
	70
	

	ARTICLE X EVENTS OF DEFAULT; REMEDIES
	72
	

	SECTION 10.1   EVENTS OF DEFAULT
	72
	

	SECTION 10.2   REMEDIES
	77
	

	SECTION 10.3   LENDER DEFAULT
	80
	

	ARTICLE XI INDEMNIFICATION
	80
	

	SECTION 11.1   GENERAL INDEMNITY OF THE BORROWER
	80
	

	SECTION 11.2   GENERAL INDEMNITY OF THE PORTFOLIO MANAGER
	82
	

	SECTION 11.3   GENERAL INDEMNITY OF THE INITIAL PORTFOLIO 
	 

	MANAGER
	82
	

	ARTICLE XII ADMINISTRATIVE AGENT
	83
	

	SECTION 12.1   APPOINTMENT
	83
	

	SECTION 12.2   DELEGATION OF DUTIES
	83
	

	SECTION 12.3   EXCULPATORY PROVISIONS
	83
	

	SECTION 12.4   RELIANCE BY THE ADMINISTRATIVE AGENT
	84
	

	SECTION 12.5   NOTICE OF DEFAULT
	84
	

	SECTION 12.6   NON-RELIANCE ON THE ADMINISTRATIVE AGENT AND
	 

	OTHER LENDERS
	84
	

	SECTION 12.7   INDEMNIFICATION
	85
	

	SECTION 12.8   THE ADMINISTRATIVE AGENT IN ITS INDIVIDUAL    
	 

	CAPACITY
	85
	

	SECTION 12.9   SUCCESSOR ADMINISTRATIVE AGENT
	86
	

	ARTICLE XIII MISCELLANEOUS
	86
	

	SECTION 13.1   AMENDMENTS, ETC.
	86
	

	SECTION 13.2   NOTICES, ETC
	87
	

	SECTION 13.3   NO WAIVER; REMEDIES
	87
	

ii

	
			
	SECTION 13.4   BINDING EFFECT; ASSIGNABILITY; TERM
	87
	

	SECTION 13.5   GOVERNING LAW; JURY TRIAL
	89
	

	SECTION 13.6   EXECUTION IN COUNTERPARTS
	89
	

	SECTION 13.7   SUBMISSION TO JURISDICTION
	89
	

	SECTION 13.8   COSTS AND EXPENSES
	89
	

	SECTION 13.9   SEVERABILITY OF PROVISIONS
	90
	

	SECTION 13.10   ENTIRE AGREEMENT
	90
	

	SECTION 13.11   CONFLICTS
	90
	

	SECTION 13.12   CONFIDENTIALITY
	90
	

	SECTION 13.13   LIMITATION ON LIABILITY
	91
	

	SECTION 13.14   RELATIONSHIP OF PARTIES
	91
	

	SECTION 13.15   ACKNOWLEDGMENT
	92
	

	SECTION 13.16   RELEASE
	92
	

SCHEDULES
SCHEDULE 2.1(a)    Lenders’ Commitments
SCHEDULE 7.1(a)(i)    Collateral Assignment Exception Policy
SCHEDULE 7.1(f)    Policy Delivery Exception Policies
SCHEDULE 8.1(i)    Attempted Rescission Exercise Policies
SCHEDULE 8.1(m)    Proceedings
SCHEDULE 8.1(q)    Material Adverse Changes
SCHEDULE 8.1(s)    Account Information
SCHEDULE 8.1(u)    Unmatured Events of Default and Events of Default
SCHEDULE 8.1(w)    Retained Death Benefit Policies
SCHEDULE 8.3(i)    Imperial Finance Information Request
SCHEDULE 8.3(l)    Imperial Finance Material Adverse Changes
SCHEDULE 13.2    Notice Addresses
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (a) Policy Exceptions
CLAUSE (a) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (c) Policy Exceptions
CLAUSE (c) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (d) Policy Exceptions
CLAUSE (d) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (f) Policy Exceptions
CLAUSE (f) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (g) Policy Exceptions
CLAUSE (g) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (h) Policy Exceptions
CLAUSE (h) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (i) Policy Exceptions
CLAUSE (i) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (l) Policy Exceptions

iii

CLAUSE (l) SCHEDULE
ELIGIBILITY CRITERIA    Eligibility Criteria Clause (m) Policy Exceptions
CLAUSE (m) SCHEDULE
INITIAL ADVANCE    AIG Subrogated Policies
LEXINGTON SCHEDULE
EXHIBITS
EXHIBIT A    Form of Borrowing Request
EXHIBIT B    Form of Lender Note
EXHIBIT C    Form of Assignment and Assumption Agreement
EXHIBIT D    Form of Calculation Date Report
EXHIBIT E    Form of Annual Budget
EXHIBIT F    Form of Borrowing Base Certificate
EXHIBIT G    Form of Section 2.7(b) Notice
ANNEXES
ANNEX I    List of Defined Terms

iv

THIS SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (this “Loan Agreement”) is made and entered into as of January 31, 2017, among WHITE EAGLE ASSET PORTFOLIO, LP, a Delaware limited partnership (the “Borrower”), IMPERIAL FINANCE & TRADING, LLC, a Florida limited liability company, as Initial Servicer (in such capacity, the “Initial Servicer”), as Initial Portfolio Manager (in such capacity, the “Initial Portfolio Manager”) and as Guarantor (in such capacity, the “Guarantor”), LAMINGTON ROAD BERMUDA LTD., a Bermuda company, as Portfolio Manager (in such capacity, the “Portfolio Manager”), LNV Corporation, a Nevada corporation, as initial lender (the “Initial Lender”), the financial institutions party hereto as Lenders (together with the Initial Lender, the “Lenders”), and CLMG Corp., a Texas corporation, as the administrative agent for the Lenders (in such capacity, the “Administrative Agent”).
W I T N E S S E T H:
WHEREAS, the Borrower desires that the Lenders agree to extend financing to the Borrower on the terms and conditions set forth herein.
WHEREAS, the Lenders are willing to provide such financing on the terms and conditions set forth in this Loan Agreement.
WHEREAS, in consideration for the Lenders providing such financing, the Borrower hereby agrees to pay, among other things, the Aggregate Participation Interest to the Lenders on the terms and conditions set forth herein.
WHEREAS, on May 16, 2014, the Borrower converted from being a Delaware limited liability company to a Delaware limited partnership.
WHEREAS, on May 16, 2014, the Predecessor Parent Pledgor (i) transferred to the LP Parent its limited partnership interests in the Borrower pursuant to the Borrower Interest Purchase and Sale Agreement and the Assignment of Interest in Limited Partnership, (ii) the Predecessor Parent Pledgor and LP Parent entered into the Predecessor Parent Pledgor LP Contribution Agreement, and (iii) the LP Parent and Borrower entered into the LP Parent Contribution Agreement.
WHEREAS, the Borrower (formerly known as White Eagle Asset Portfolio, LLC, a Delaware limited liability company), the Initial Portfolio Manager, the Initial Servicer, the Initial Lender and the Administrative Agent entered into that certain Loan and Security Agreement, dated as of April 29, 2013 (as amended, restated, supplemented or as otherwise modified prior to May 16, 2014, the “Original Loan Agreement”).
WHEREAS, the Borrower, the Initial Portfolio Manager, the Initial Servicer, the Guarantor, the Initial Lender, the Lenders and the Administrative Agent entered into that certain Amended and Restated Loan and Security Agreement, dated as of May 16, 2014 (as amended, restated, supplemented or as otherwise modified prior to the date hereof, the “Original Amended and Restated Loan Agreement”).

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
Page 1 of 94

WHEREAS, the parties hereto wish to amend and restate the Original Amended and Restated Loan Agreement in its entirety.
NOW, THEREFORE, in consideration of the premises and the mutual agreements herein contained, the parties hereto agree as follows:
ARTICLE I 
DEFINITIONS

Section 1.1    Defined Terms.  Capitalized terms used and not otherwise defined in this Loan Agreement shall have the meanings given to them in the List of Defined Terms attached hereto as Annex I.
Section 1.2    Other Definitional Provisions.
(a)    Unless otherwise specified therein, all terms defined in this Loan Agreement have the meanings as so defined herein when used in the Lender Notes or any other Transaction Document, certificate, report or other document made or delivered pursuant hereto.
(b)    Each term defined in the singular form in Section 1.1 or elsewhere in this Loan Agreement shall mean the plural thereof when the plural form of such term is used in this Loan Agreement, the Lender Notes or any other Transaction Document, and each term defined in the plural form in Section 1.1 or elsewhere in this Loan Agreement shall mean the singular thereof when the singular form of such term is used herein or therein.
(c)    The words “hereof,” “herein,” “hereunder” and similar terms when used in this Loan Agreement shall refer to this Loan Agreement as a whole and not to any particular provision of this Loan Agreement, and article, section, subsection, schedule and exhibit references herein are references to articles, sections, subsections, schedules and exhibits to this Loan Agreement unless otherwise specified.
Section 1.3    Other Terms. All accounting terms not specifically defined herein shall be construed in accordance with GAAP. All terms used in Article 9 of the UCC in the State of Delaware, and not specifically defined herein, are used herein as defined in such Article 9.
Section 1.4    Computation of Time Periods.  Unless otherwise stated in this Loan 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” and the words “to” and “until” each means “to but excluding.”
ARTICLE II     
THE LENDERS’ COMMITMENTS, BORROWING PROCEDURES, SECURITY INTEREST AND LENDER NOTES
Section 2.1    Lenders’ Commitments.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(a)    On the terms and subject to the conditions set forth in this Loan Agreement, the Lenders made the Initial Advance pursuant to the Original Loan Agreement and shall make Ongoing Maintenance Advances, and may make Additional Policy Advances, to the Borrower from time to time before the Commitment Termination Date in such amounts as may be from time to time requested by the Borrower pursuant to Section 2.2 and agreed to by the Lenders, for the purposes set forth in Section 2.8(a); provided, however that (i) the aggregate principal amount of all Advances from time to time outstanding under this Loan Agreement (including any Protective Advances that the Borrower has knowledge or notice of) shall not exceed the Borrowing Base and (ii) no Lender shall be obligated to make any Advance to the Borrower to the extent that the aggregate outstanding amount of such Advances made by such Lender hereunder exceeds such Lender’s Commitment as set forth in Schedule 2.1(a), as the same is amended (or deemed amended) from time to time by Assignment and Assumption Agreements executed pursuant to Section 13.4 of this Loan Agreement, nor shall any Lender be obligated to make any Advance required to be made by any other Lender.
(b)    On the Initial Closing Date, the Lenders made the Initial Advance to the Borrower.
(c)    So long as the Borrower has requested the same pursuant to a Borrowing Request delivered to the Administrative Agent as set forth below and subject to the conditions set forth in this Loan Agreement, the Lenders shall make Ongoing Maintenance Advances to the Borrower; provided, however, that the aggregate principal amount of all Advances outstanding under this Loan Agreement (including any Protective Advances that the Borrower has knowledge or notice of) shall not exceed the Borrowing Base.
(d)    So long as the Borrower has requested the same pursuant to a Borrowing Request delivered to the Administrative Agent as set forth below and subject to the conditions set forth in this Loan Agreement, the Lenders may make Additional Policy Advances to the Borrower in amounts determined by the Lenders in their sole discretion; provided, however, that the aggregate principal amount of all Advances outstanding under this Loan Agreement (including any Protective Advances that the Borrower has knowledge or notice of) shall not exceed the Borrowing Base.
(e)    Without regard to the Borrowing Base and without any Borrowing Request, and whether before or after the Partial Repayment Date, the Lenders shall be entitled to make Advances on behalf of the Borrower as the Lenders determine in their reasonable discretion are necessary in order to make premium payments and to pay other costs and expenses to ensure that one or more Pledged Policies selected by the Lenders in their sole discretion, other than Policies that are abandoned or sold as contemplated by Section 2.7 of this Loan Agreement, remain in full force and effect, as determined by the Lenders in their sole discretion (such Advances, together with any Advances made from time to time by the Lenders hereunder to pay any costs and expenses in defending the Collateral against any lawsuits or in any other proceedings (including attorneys’ fees) and any Advances made from time to time by the Lenders hereunder during the occurrence and continuance of an Unmatured Event of Default or an Event of Default shall collectively be referred to herein as “Protective Advances”).

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
Page 3 of 94

Section 2.2    Borrowing Procedures.
(a)    The Borrower shall request Advances hereunder by giving notice to the Administrative Agent of the proposed borrowing. Such notice (herein called a “Borrowing Request”) shall be in the form of Exhibit A. The Borrowing Request for the Initial Advance was permitted to have been prepared and delivered by the Borrower up to five (5) Business Days before the date of execution of the Original Loan Agreement such that the related Proposed Initial Advance Notice and Initial Advance Acceptance was executed concurrently with the Original Loan Agreement.  The Borrowing Request for the Initial Advance (i) specified the date and aggregate amount of the proposed Initial Advance, (ii) identified the Subject Policies proposed to be pledged hereunder in connection with the Initial Advance and confirm that the related Collateral Packages (taking into account the exceptions noted on Schedules V, VI, VII, VIII, IX, X and XI to the Account Control Agreement) had been uploaded to the FTP Site and (iii) attached a Borrowing Base Certificate, signed by an officer of the Borrower or the Portfolio Manager.
(b)    The Borrower may request an Ongoing Maintenance Advance hereunder by delivering a fully executed and completed Borrowing Request to the Administrative Agent.  Each Borrowing Request for a proposed Ongoing Maintenance Advance shall (i) specify the date and aggregate amount of the proposed Ongoing Maintenance Advance and (ii) attach a Borrowing Base Certificate, signed by an officer of the Borrower or the Portfolio Manager. The Borrowing Request for the initial Ongoing Maintenance Advance was permitted to have been prepared and delivered by the Borrower up to five (5) Business Days before the date of execution of the Original Loan Agreement such that the related Subsequent Advance Acceptance was executed concurrently with the Original Loan Agreement.

(c)    The Borrower shall not deliver any Borrowing Request with respect to a proposed Additional Policy Advance unless and until it has received written notice from the Administrative Agent confirming that the Administrative Agent and the Lenders have completed their due diligence with respect to the Additional Policies proposed to be pledged hereunder in connection with the making of such Additional Policy Advance, and indicating which Additional Policies, if any, will be accepted as Collateral hereunder and the estimated amounts that the Lenders will be willing to fund under this Loan Agreement with respect to such Additional Policies.  After the Borrower’s receipt of such written notice from the Administrative Agent, the Borrower may request an Additional Policy Advance hereunder with respect to such Additional Policies by delivering a fully executed and completed Borrowing Request to the Administrative Agent.  Each Borrowing Request related to a proposed Additional Policy Advance shall (i) specify the date and aggregate amount of the proposed Additional Policy Advance, (ii) identify the Additional Policies proposed to be pledged hereunder in connection with such Additional Policy Advance, confirm that the related Collateral Packages have been uploaded to the FTP Site, and confirm that the related Expense Deposit shall be wired to the Administrative Agent’s Account promptly following confirmation of the amount thereof and (iii) attach a Borrowing Base Certificate, signed by an officer of the Borrower or the Portfolio Manager. The Administrative Agent agrees that the Expense Deposit shall be used solely by the Administrative Agent and the Lenders for reasonable third-party out-of-pocket expenses incurred in connection with the review and evaluation of the Additional Policies 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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identified in such Borrowing Request, and that any unused portion of the Expense Deposit shall be returned to the Borrower.
(d)    The Borrower hereby expressly authorizes the Portfolio Manager to execute any Borrowing Base Certificates that are to be delivered in connection with this Agreement.  Each of the Borrower, the Portfolio Manager, the Initial Servicer, the Initial Portfolio Manager and the Guarantor hereby agrees that neither the Administrative Agent nor any Lender shall incur any liability to anyone in acting upon any signature, written instrument or notice purportedly signed by an officer of the Borrower or the Portfolio Manager.
Section 2.3    Funding.
(a)    No later than five (5) Business Days following the Lenders’ receipt of the Borrowing Request for the Initial Advance, the Lenders, in their sole discretion and acting unanimously, determined whether to approve the Subject Policies, and the Administrative Agent notified the Borrower of the determination of the amount, if any, the Lenders would fund (a “Proposed Initial Advance”, and such notice of the Proposed Initial Advance, a “Proposed Initial Advance Notice”).  Such determination was made in the Lenders’ sole discretion.  As the Lenders were willing to make such Proposed Initial Advance and the Borrower determined to accept such Proposed Initial Advance, on or before the third (3rd) Business Day after the delivery of the Proposed Initial Advance Notice by the Administrative Agent, the Borrower notified the Administrative Agent that the Borrower accepted the Proposed Initial Advance (an “Initial Advance Acceptance”). No later than the third (3rd) Business Day following the Lenders’ receipt of the Initial Advance Acceptance, and subject to the complete satisfaction of the conditions precedent set forth in Article VII with respect to the Initial Advance and the limitations set forth in Section 2.1, the Lenders distributed funds in the amount set forth in the Proposed Initial Advance Notice to the Payment Account and was disbursed by the Securities Intermediary in accordance with the terms of the Account Control Agreement.
(b)    No later than five (5) Business Days following the Lenders’ receipt of a Borrowing Request for an Ongoing Maintenance Advance, the Administrative Agent shall notify the Borrower of the resulting total Ongoing Maintenance Advance to be funded by the Lenders on the related Subsequent Advance Date (such notice, the related “Subsequent Advance Acceptance”) subject to the immediately following sentence. Subject to the complete satisfaction of the conditions precedent set forth in Article VII with respect to such Ongoing Maintenance Advance and the limitations set forth in Section 2.1, the Lenders shall distribute funds in the amount set forth in such Subsequent Advance Acceptance to the Payment Account to be disbursed by the Securities Intermediary in accordance with the terms of the Account Control Agreement.
(c)    No later than five (5) Business Days following the Lenders’ receipt of a Borrowing Request for an Additional Policy Advance, the Lenders shall, in their sole discretion and acting unanimously, determine whether to approve the Additional Policies, and the Administrative Agent shall notify the Borrower of the determination of the amount, if any, the Lenders will fund (a “Proposed Additional Policy Advance”, and such notice of the Proposed Additional Policy Advance, a “Proposed Additional Policy Advance Notice”); provided that such determination shall be in the Lenders’ sole discretion. If the Lenders are willing to make such Proposed Additional Policy Advance and the Borrower determines to accept such Proposed Additional Policy Advance, 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
Page 5 of 94

on or before the third (3rd) Business Day after the delivery of the Proposed Additional Policy Advance Notice by the Administrative Agent, the Borrower shall notify the Administrative Agent that the Borrower accepts the Proposed Additional Policy Advance (an “Additional Policy Advance Acceptance”) which notice shall specify the agreed Additional Policy Advance Amount; for avoidance of doubt, if the Borrower does not deliver an Additional Policy Advance Acceptance by 5:00 pm, New York time on the third (3rd) Business Day following the delivery of the Proposed Additional Policy Advance Notice, then the Borrower shall be deemed to have rejected such Proposed Additional Policy Advance. On the third (3rd) Business Day following the Lenders’ receipt of the Additional Policy Advance Acceptance, and subject to the complete satisfaction of the conditions precedent set forth in Article VII with respect to such Additional Policy Advance and the limitations set forth in Section 2.1, the Lenders shall distribute funds in the amount set forth in the Proposed Additional Policy Advance Notice to the Payment Account to be disbursed by the Securities Intermediary in accordance with the terms of the Account Control Agreement.
(d)    The Borrower shall not deliver more than three (3) Borrowing Requests in any calendar month.  In addition, the Borrower shall not deliver any Borrowing Request so long as with respect to two (2) Borrowing Requests previously delivered to the Administrative Agent, (i) with respect to a Borrowing Request relating to an Additional Policy Advance, the Administrative Agent has not yet delivered the related Proposed Additional Policy Advance Notice, the Borrower has not yet delivered the related Additional Policy Advance Acceptance, the Borrower has not yet rejected the related Proposed Additional Policy Advance or the Borrower has delivered the related Additional Policy Advance Acceptance and the related Subsequent Advance Date has not yet occurred, in each case, in accordance with Section 2.3(c), or (ii) with respect to a Borrowing Request relating to an Ongoing Maintenance Advance, the Borrower has delivered the related Subsequent Advance Acceptance and the related Subsequent Advance Date has not yet occurred.
Section 2.4    Representation and Warranty.  Each Borrowing Request pursuant to Section 2.2 and each acceptance of an Advance by the Borrower shall automatically constitute a representation and warranty by the Borrower to the Administrative Agent and each Lender that on the requested date of the requested Advance and on the related Advance Date (a) the representations and warranties set forth in Article VIII will be true and correct in all respects as of such Borrowing Request date and as of such Advance Date as though made on such dates (which may be made by reference to updated schedules for Section 8.1(i), Section 8.1(j), Section 8.1(m), Section 8.1(q), Section 8.1(s), Section 8.1(u) and Section 8.1(w), although the updates to any such schedules shall not be deemed to cure any breach resulting from schedules delivered prior to such date nor shall the updates to any such schedules be deemed to constitute a waiver by the Administrative Agent or any Lender of the satisfaction of any of the conditions precedent set forth in Article VII for the making of an Advance (and, for the avoidance of doubt, any rejection of a proposed Advance by the Required Lenders because of such updates to any such schedules shall not constitute an abandonment by the Required Lenders of any of the Pledged Policies related to such Advance for the purposes of Section 2.7(b))), (b) except as otherwise agreed to in this Section, all of the conditions precedent to the making of an Advance contained in Article VII have been satisfied or will have been satisfied as of such Advance Date, (c) no Event of Default or Unmatured Event of Default has occurred and is continuing or will result from the making of such Advance, and (d) the aggregate principal balance of the outstanding Advances hereunder (taking into account the amount of the Advance requested 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
Page 6 of 94

by the Borrower pursuant to such Borrowing Request including any Protective Advances that the Borrower has knowledge or notice of) will not exceed the Borrowing Base.
Section 2.5    Lender Notes.  With respect to each Lender, the Advances made by such Lender to the Borrower shall be evidenced by a single promissory grid note executed by the Borrower (as the same may be amended, modified, extended or replaced from time to time, a “Lender Note” and collectively, the “Lender Notes”) substantially in the form of Exhibit B hereto, with appropriate insertions to reflect Advances actually funded by such Lender, the related applicable interest rates thereof and related repayments and appropriate revisions to reflect assignments effected in accordance with Section 13.4 of this Loan Agreement, payable to the order of such Lender. The Borrower hereby irrevocably authorizes each Lender to make (or cause to be made) appropriate notations on the grid attached to its Lender Note (or on any continuation of such grid) or at such Lender’s option, in the records of such Lender, which notations, if made, shall evidence, inter alia, the date of, the outstanding principal of, and the interest rates and Interest Periods applicable to the Advances made by such Lender and related repayments and appropriate revisions to reflect assignments effected in accordance with Section 13.4 of this Loan Agreement.  Such notations shall be rebuttably presumptive evidence of the subject matter thereof absent manifest error; provided, however, that the failure to make any such notations shall not limit or otherwise affect any Obligations of the Borrower. The Borrower hereby agrees to promptly execute and deliver a new Lender Note upon any assignment to a new Lender effected in accordance with Section 13.4 of this Loan Agreement, and each Lender making an assignment of all or any portion of its Lender Note will either (i) if such assignment is an assignment of its entire Lender Note, deliver its Lender Note to the Borrower for termination and cancellation effective upon Borrower’s execution and delivery of such new Lender Note to the assignee thereof or (ii) if such assignment is an assignment in part of such Lender Note, deliver its Lender Note to the Borrower for termination and cancellation effective upon Borrower’s execution and delivery of a new Lender Note to the assignee thereof and a new Lender Note to such Lender.
Section 2.6    Security Interest.
(a)    To secure the timely repayment of the principal of, and interest on, the Advances, and all other Obligations of the Borrower to any Secured Party, including, without limitation, the Aggregate Participation Interest, and the prompt performance when due of all covenants of the Borrower hereunder and under any other Transaction Document, whether existing or arising as of the Initial Closing Date or thereafter, due or to become due, direct or indirect, the Borrower hereby pledges and grants to the Administrative Agent, for the benefit of the Secured Parties, a continuing, first priority security interest in, and assignment of, all of the Borrower’s rights, titles and interests in, to and under all of the following, whether owned, existing or arising as of the Initial Closing Date or thereafter: all assets of the Borrower, including but not limited to all right, title and interest of the Borrower in the Pledged Policies (unless and until such Policies are abandoned or sold as provided by Section 2.7 of this Loan Agreement) and proceeds thereof; all accounts receivable, notes receivable, claims receivable and related proceeds including but not limited to, cash, loans, securities, accounts; contract rights; the contracts with the Custodian and/or the Securities Intermediary; the Collection Account, the Payment Account, the Escrow Account, the Policy Account, the Borrower Account and any other account of the Borrower; reserve accounts; escrow 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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agreements and related books and records; the rights under any purchase agreements relating to such Policies; all data, documents and instruments contained in the Collateral Packages; and such other assets, tangible or intangible, real or personal, as reasonably may be required by the Administrative Agent to fully secure any Advances contemplated herein. All of the rights and assets described in the previous sentence are herein referred to collectively as “Collateral”; provided, however, that this definition of “Collateral” does not limit any other collateral that may be pledged to secure the Advances under any other Transaction Document. Each of the Borrower, Imperial and the Portfolio Manager, on behalf of itself and each of its Affiliates, hereby acknowledges and agrees that each of the collateral assignments that were previously filed with Issuing Insurance Companies in connection with the Red Falcon Credit Facility, shall remain on file in full force and effect with such Issuing Insurance Companies, that all references to CLMG Corp. therein shall be deemed to refer to CLMG Corp. in its capacity as the Administrative Agent under this Agreement and the other Transaction Documents, shall relate to the applicable Policies pledged hereunder in connection with the Additional Policy Advance made on December 29, 2016 and be subject to the terms and conditions of this Agreement and the other Transaction Documents to secure the Borrower’s obligations hereunder and thereunder.
(b)    The Borrower shall file such financing statements, and execute and deliver such agreements, certificates and documents, and take such other actions, as the Administrative Agent requests in order to perfect, evidence or protect the security interest granted pursuant to Section 2.6(a), including without limitation delivering a collateral assignment in respect of each Pledged Policy subject to this Loan Agreement, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee, filed with, and acknowledged to have been filed by, the applicable Issuing Insurance Company; provided, that the foregoing collateral assignment shall not apply to the portion of the face amount that is retained by a third party under any Retained Death Benefit Policy. On or prior to each Advance Date (other than the Advance Date for the Initial Advance), the Borrower shall deliver or cause to be delivered completed but unsigned Change Forms for the Subject Policies to the Securities Intermediary.  Within two (2) Business Days of the making of the Initial Advance Date, the Borrower delivered or caused to be delivered completed but unsigned Change Forms for the Subject Policies to the Securities Intermediary.  The Borrower shall cause the Securities Intermediary to execute all such Change Forms in blank to be held by the Securities Intermediary.  If an Issuing Insurance Company updates its Change Forms, at the request of the Administrative Agent, the Borrower shall deliver or cause to be delivered completed but unsigned updated Change Forms for the related Pledged Policies within five (5) Business Days of such request. The Borrower shall cause the Securities Intermediary to execute such Change Forms in blank to be held by the Securities Intermediary. The Borrower grants to the Administrative Agent, as its irrevocable attorney-in-fact and otherwise, the right, in the Administrative Agent’s sole discretion following acceleration or maturity of the Obligations of the Borrower under this Loan Agreement, to complete or direct the Securities Intermediary to complete and send any and all Change Forms previously delivered to it by or on behalf of the Borrower or otherwise obtained by the Administrative Agent, to the applicable Issuing Insurance Companies. The Borrower hereby acknowledges that the foregoing grant has been coupled with an interest. The Borrower hereby authorizes the Administrative Agent to file such financing statements as the Administrative Agent determines are necessary or advisable to perfect such security interest without the signature of the Borrower, provided however, notwithstanding any other provision of any Transaction Document, the Administrative Agent shall 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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have no duty or obligation to file such financing statements, continuation statements or amendments thereto; and provided, further, that if the Administrative Agent notifies the Borrower in writing that it intends to file any financing statements, continuation statements or amendments thereto but fails to do so, and does not in connection therewith timely instruct the Borrower to file such item or items, then the Borrower shall not be and shall not be deemed to be in breach of any representation or warranty concerning the perfection of related or affected security interests if such breach is a direct result of the Administrative Agent’s failure to file such item or items and such filing would have perfected such security interests. The Borrower hereby appoints the Administrative Agent as the Borrower’s irrevocable attorney-in-fact, with full power and authority to take any other action to sign or endorse the Borrower’s name on any Collateral, and to enforce or collect any of the Collateral following acceleration of the obligations of the Borrower under this Loan Agreement in relation to an uncured Event of Default. The Borrower hereby acknowledges that the foregoing appointments of the Administrative Agent as the Borrower’s irrevocable attorney- in-fact have been coupled with an interest. The Borrower hereby ratifies and approves all acts of such attorney undertaken or performed consistent with the foregoing and all Applicable Law, and agrees that the Administrative Agent will not be liable for any act or omission with respect thereto, except to the extent that such act or omission constitutes gross negligence, fraud or willful misconduct on the part of the Administrative Agent. Subject to the provisions of the UCC and the rights of any purchaser (including any Lender) of the Collateral in connection with the Lenders’ exercise of remedies, none of the foregoing provisions and undertakings constitute or shall be deemed to constitute waiver by the Borrower of its rights, title and interest in or to any such Collateral or the proceeds thereof that are in excess of its payment obligations hereunder and under the Lender Notes.
(c)    Upon the abandonment of a Pledged Policy or upon the receipt by the Lenders of the portion of the related sale proceeds to which the Lenders are entitled in accordance with terms of this Loan Agreement after the sale of a Pledged Policy, in each case, pursuant to Section 2.7, the security interest of the Administrative Agent in such Pledged Policy for the benefit of the Secured Parties shall be released and the Administrative Agent agrees to file, promptly upon request, such releases or assignments, as applicable, with respect to such Pledged Policy, request the Securities Intermediary to deliver to the Borrower the Change Forms delivered to it in blank by the Borrower pursuant to Section 2.6(b) related to such Pledged Policy, and to take such other actions as the Borrower shall reasonably request in order to evidence any such release of such Pledged Policy. Upon the repayment of all of the Borrower’s Advances then outstanding and all other Obligations (including, without limitation, the Aggregate Participation Interest) and termination of all Commitments and this Loan Agreement, the security interest of the Administrative Agent in the Collateral for the benefit of the Secured Parties shall be released and the Administrative Agent agrees to file, promptly upon request, such releases or assignments, as applicable, request the Securities Intermediary to deliver to the Borrower all Change Forms delivered to it in blank by the Borrower pursuant to Section 2.6(b), and to take such other actions as the Borrower shall reasonably request in order to evidence any such release.
Section 2.7    Sale or Abandonment of Collateral.
(a)    Sale of Collateral.
    

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(i)    So long as no Event of Default has occurred and is continuing, (I) if the Portfolio Manager reasonably determines in good faith that the sale of one or more Pledged Policies would (through the application of the proceeds thereof or the removal of a Pledged Policy which solely caused an Unmatured Event of Default) cure any Unmatured Event of Default, (II) if the Portfolio Manager reasonably determines in good faith that it is in the best interests of the Borrower and the Lenders to sell any of the Pledged Policies, (III) if the making of an Ongoing Maintenance Advance by the Lenders hereunder would cause the aggregate principal amount of all Advances outstanding under this Loan Agreement to exceed the Borrowing Base, and the Portfolio Manager reasonably determines in good faith that the sale of one or more Pledged Policies would (through the application of the proceeds thereof) be sufficient to pay scheduled Premiums previously approved in writing by the Required Lenders or (IV) if a Lender Default has occurred and is continuing and the Portfolio Manager reasonably determines in good faith that the sale of one or more Pledged Policies would (through the application of the proceeds thereof) be sufficient to pay Expenses and scheduled Premiums each as previously approved in writing by the Required Lenders then, in each case, the Borrower may sell such Pledged Policies pursuant to the terms of this Section 2.7(a). Any sale of one or more Pledged Polices pursuant to clause (I) of the immediately preceding sentence or any sale while an Unmatured Event of Default has occurred and is continuing shall be subject to the Required Lenders’ consent in their sole and absolute discretion, and any other sale (other than a sale pursuant to clause (IV) of the immediately preceding sentence) shall be subject to the Required Lender’s consent, exercised in a commercially reasonable manner. The Pledged Policies sold pursuant to clause (I) of the first sentence of this Section 2.7(a)(i) shall be limited to the relevant Pledged Policies which caused the related Unmatured Event of Default or Pledged Policies the proceeds of which will be in an amount necessary to generate sufficient proceeds to cure the related Unmatured Event of Default. The number of Pledged Policies sold pursuant to clause (III) of the first sentence of this Section 2.7(a)(i) shall be limited to an amount necessary to generate sufficient proceeds to pay scheduled Premiums previously approved in writing by the Required Lenders. The number of Pledged Policies sold pursuant to clause (IV) of the first sentence of this Section 2.7(a)(i) shall be limited to an amount necessary to generate sufficient proceeds to pay scheduled Premiums previously approved in writing by the Required Lenders and Expenses.
(ii)    [*]
(iii)    Notwithstanding the foregoing, no sale of Pledged Policies shall be consummated pursuant to sub-clause (I), (II) or (III) of the first sentence of Section 2.7(a)(i), if after the distribution of the related Net Proceeds and the release of the related Pledged Policies sold pursuant to such sale, the LTV immediately after such distribution and release will be higher than the LTV immediately prior to the related sale of Pledged Policies.
(iv)    In each instance, the Net Proceeds of a sale of a Pledged Policy pursuant to this Section 2.7(a) shall be (x) prior to the Permitted Sale Cashflow Date, (A) if such 

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sale is pursuant to sub-clause (I) of the first sentence of Section 2.7(a)(i) or if such sale was consummated during the continuance of an Unmatured Event of Default, deposited into the Administrative Agent’s Account to repay Advances and other outstanding Obligations and (B) if such sale is pursuant to sub-clause (II), (III) or (IV) of the first sentence of Section 2.7(a)(i) and so long as such sale was not consummated during the continuance of an Unmatured Event of Default, deposited into the Collection Account and distributed in accordance with the Priority of Payments or as otherwise permitted in writing by the Administrative Agent for the purposes set forth in sub-clause (III) or (IV) of the first sentence of Section 2.7(a)(i), as applicable, (y) on and after the Permitted Sale Cashflow Date but prior to the Partial Repayment Date, deposited into the Administrative Agent’s Account to repay Advances and other outstanding Obligations and otherwise, deposited into the Collection Account and distributed in accordance with the Priority of Payments or as otherwise permitted in writing by the Administrative Agent for the purposes set forth in sub-clause (III) or (IV) of the first sentence of Section 2.7(a)(i), as applicable, and (z) on and after the Partial Repayment Date, deposited into the Collection Account and distributed in accordance with Section 5.2(e).
(v)    For the avoidance of doubt, any such sale of one or more Pledged Policies that results in the elimination of the relevant condition or circumstance that comprised the Unmatured Event of Default (by removal of relevant Pledged Policies or use of proceeds of such sale to eliminate any default in the performance of any economic, financial or payment covenant hereunder), as determined by the Required Lenders in their discretion (exercised in a commercially reasonable manner), will comprise the cure of such Unmatured Event of Default.  Notwithstanding the foregoing, the Borrower shall be permitted to transfer a Pledged Policy (i) if such Pledged Policy was initially transferred to the Borrower pursuant to the Predecessor Parent Pledgor Contribution Agreement, to the Predecessor Parent Pledgor pursuant to Section 6.3 of the Predecessor Parent Pledgor Contribution Agreement and (ii) if such Pledged Policy was initially transferred to the Borrower pursuant to the LP Parent Contribution Agreement, to the LP Parent pursuant to Section 6.3 of the LP Parent Contribution Agreement.
(b)    Should the Required Lenders determine that Advances should no longer be made in order to pay Premiums on a Pledged Policy or group of Pledged Policies or the Portfolio Manager on behalf of the Borrower determines that Premiums on a Pledged Policy or group of Pledged Policies should no longer be paid (such determining party, the “Determining Party”), whether before or after the Partial Repayment Date, the Determining Party shall deliver written notice of such determination to the other party (the “Non-Determining Party”) in the form attached hereto as Exhibit G (an “Abandonment Notice”) and if the Determining Party is the Required Lenders or if the Determining Party is the Portfolio Manager and the related Abandonment Notice does not indicate that the Borrower or the Portfolio Manager wishes to permit the Required Lenders or their designee the right to assume ownership of the Pledged Policies set forth in such Abandonment Notice pursuant to this Section 2.7(b) without engaging in the Abandonment Sale Process (such Pledged Policies, the “Direct Assumption Policies”), Non-Determining Party in its reasonable discretion shall designate an unrelated third-party experienced in marketing the sale of life insurance policies on the secondary and tertiary market (the “Broker”) to market and sell such Pledged Policies (such marketing and sale process, the “Abandonment Sale Process”). The Non-Determining Party shall request the Broker, based on the Broker’s experience, to propose a minimum sale price in respect of each such Pledged Policy (the “Abandonment Price”).  The Determining Party shall then have two (2) 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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Business Days after the Broker proposes such Abandonment Price to rescind the Abandonment Notice in respect of the related Pledged Policy by delivering written notice of such rescission to the Non- Determining Party. Upon the delivery of such written notice to the Non-Determining Party, such Pledged Policy shall no longer be subject to this Section 2.7(b). [*] Proceeds of any sale pursuant to this Section 2.7(b) shall be deposited (i) if the Determining Party was the Borrower or the Portfolio Manager, pursuant to Section 2.7(a)(iv) and (ii) otherwise, into the Collection Account. For the avoidance of doubt, after a Pledged Policy has been set forth in an Abandonment Notice but prior to the consummation of the sale of such Pledged Policy in accordance with this Section 2.7(b), the Lenders in their sole and absolute discretion may make one or more Protective Advances in respect of such Policy and the Borrower may make premium payments in respect of such Pledged Policy so long as such payments by the Borrower are not made using proceeds of any Advances.  Each Pledged Policy set forth in an Abandonment Notice shall cease to be a Pledged Policy on the date that is the earlier of (A) the date on which the Non-Determining Party has assumed ownership of such Pledged Policy in accordance with this Section 2.7(b), (B) the date on which such Pledged Policy lapses or (C) the date on which such Pledged Policy is sold in accordance with this Section 2.7(b).  If any Pledged Policy set forth in an Abandonment Notice is not sold within ninety (90) days after such Abandonment Notice was delivered to the Non-Determining Party or if the Determining Party was the Borrower or the Portfolio Manager and the related Abandonment Notice indicated that the Borrower or the Portfolio Manager wished to permit the Required Lenders or their designee the right to assume ownership of the Pledged Policies set forth in such Abandonment Notice pursuant to this Section 2.7(b) without engaging in the Abandonment Sale Process, (i) if the Non-Determining Party is the Required Lenders, then the Administrative Agent on behalf of the Required Lenders or, at the option of the Required Lenders, another Person designated by the Required Lenders, shall have the right to assume ownership of such Policies, or any subset thereof, prior to their lapse, from the Borrower through the Securities Intermediary at no cost to the Non-Determining Party and (ii) if the Non-Determining Party is the Borrower, then the Borrower shall have the right to designate an Affiliate to assume ownership of such Policies, or any subset thereof, prior to their lapse, from the Borrower through the Securities Intermediary at no cost to the Non-Determining Party. Such assumption of ownership by the Non-Determining Party (or its Affiliate or designee, as applicable) shall be free and clear of (i) any ownership claim to any right, title or interest by or through the Determining Party (arising hereunder or otherwise) or (ii) any Adverse Claims arising under or in relation to the Transaction Documents and transactions contemplated thereby, and all without payment to the Determining Party or any other Person. In connection therewith, the Determining Party agrees to provide reasonable cooperation and assistance to effectuate such transfer, including by providing appropriate instructions to the Administrative Agent, Securities Intermediary, Custodian and Servicer concerning the release of Liens created hereby, appropriate Entitlement Orders (as defined in the Account Control Agreement) removing related Securities Entitlements (as defined in the Account Control Agreement) out of the Policy Account and delivery of related documents and information to or as instructed by the Non-Determining Party (or its Affiliate or designee, as applicable). For the avoidance of doubt, (I) the occurrence of a Lender Default shall not constitute 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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a determination on the part of the Required Lenders that Advances should no longer be made in order to pay Premiums on a Pledged Policy or group of Pledged Policies and that the Required Lenders or the Portfolio Manager on behalf of the Borrower shall only become the Determining Party for the purposes of this Section 2.7(b) upon delivering written notice in the form attached hereto as Exhibit G to the other party, (II) failure by any Lender to make an Advance relating to a Pledged Policy in respect of which any Determining Party has delivered or thereafter delivers an Abandonment Notice shall not constitute a Lender Default, regardless of whether any Lender or the Administrative Agent has received any notice of a Lender Default, and (III) no party shall be obligated to pay Premiums on a Pledged Policy in respect of which any Determining Party has delivered an Abandonment Notice.
(c)    At any time during the term of this Loan Agreement, the Administrative Agent acting at the direction of the Required Lenders, may direct the Borrower in writing to sell any or all of the Pledged Policies that are Retained Death Benefit Policies. Upon receipt of such written direction, such Pledged Policies shall be made available by the Borrower and the Portfolio Manager for sale through normal market channels for cash and the Administrative Agent, the Portfolio Manager, any Lender or any of their respective Affiliates may participate as a bidder in any such sale; provided that prior to consummating any sale pursuant to this Section 2.7(c), the related sale price shall be subject to the approval of the Required Lenders in their sole and absolute discretion. The Borrower shall consummate any such sale within twelve (12) months after the related written direction was delivered by the Administrative Agent to the Borrower pursuant to the first sentence of this Section 2.7(c).
Section 2.8    Permitted Purposes.
(a)    The Borrower hereby agrees that it has not used and it shall not use the proceeds of any Advance made hereunder, under the Original Loan Agreement or under the Original Amended and Restated Loan Agreement except for the following purposes:
(i)    with respect to the Initial Advance or an Additional Policy Advance, to acquire Policies that became Pledged Policies on the Initial Closing Date or will become Pledged Polices on the related Subsequent Advance Date and for any legally permissible payments approved by the Required Lenders in their sole discretion and specified in the Proposed Initial Advance Notice or Proposed Additional Policy Advance Notice and related instructions delivered to the Securities Intermediary under the Account Control Agreement, including distributions to Imperial, payment of the Up-Front Fee, reimbursement to the Predecessor Parent Pledgor, the Parent Pledgors, Imperial or Affiliates thereof of any funds remitted in respect of the Initial Expense Deposit, the reasonable attorneys’ fees of the Borrower and the Lenders incurred in connection with the negotiation and preparation of the Transaction Documents, the payment of certain obligations owed by an Affiliate of the Borrower to Lexington Insurance Company and approved by the Administrative Agent and the related Expense Deposit (it being understood that $65,078,665.46 of the proceeds of the Additional Policy Advance that was made on December 29, 2016 was used by the Borrower solely to (i) pay interest accrued in connection with the Red Falcon Credit Facility, and (ii) prepay all of the aggregate outstanding balance of Advances and all other Obligations (each as defined under the loan agreement related to the Red Falcon Credit Facility); it being further understood that after the making of such payments, the Red Falcon Credit Facility     

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was terminated in accordance with a master termination agreement that was entered into on December 29, 2016).
(ii)    with respect to an Ongoing Maintenance Advance, (A) to pay Ongoing Maintenance Costs; (B) prior to November 9, 2015 only, to pay Debt Service; (C) to pay the Administrative Agent Fee and/or (D) to make any other payments or distributions, as approved in writing by the Required Lenders in their sole discretion.
(b)    For the avoidance of doubt, all proceeds of Advances were, prior to the date hereof, deposited, and after the date hereof, shall be deposited by the Lenders into the Payment Account, other than the Initial Advance and the Additional Policy Advance that was made on December 29, 2016.  The Borrower has caused and shall cause any amounts on deposit in the Payment Account to be distributed by the Securities Intermediary in accordance with the terms of the Account Control Agreement, which amounts shall be used for the purposes set forth in Section 2.8(a) and as specified in the related Borrowing Request.
(c)    For the avoidance of doubt, (i) prior to November 9, 2015, no proceeds of any Advance were used for, and no Lender was obligated to make any Advance for, the purposes of paying any accrued interest due on any prior Advances that equals the Rate Floor, (ii) on and after November 9, 2015, no proceeds of any Advance shall be used for, and no Lender shall be obligated to make any Advance for, the purposes of paying any accrued interest due on any prior Advances, regardless of whether such interest equals the Rate Floor and (iii) [*].
ARTICLE III     
INTEREST; INTEREST PERIODS; FEES, ETC.
Section 3.1    Interest Rates.  The Borrower hereby promises to pay interest on the unpaid principal amount of each Advance for the period commencing on the date such Advance is made until such Advance is paid in full. Interest will accrue on each outstanding Advance during each Interest Period at a rate per annum equal to the sum of (i) the greater of (A) (1) LIBOR or, if LIBOR is unavailable, (2) the Base Rate and (B) one and a half percent (1.5%) (the portion of interest related to clause (i), the “Rate Floor”) plus (ii) the Applicable Margin; provided however that in the event that an Event of Default has occurred and is continuing and unwaived in writing by the Required Lenders, then for each day during any Interest Period on which such Event of Default remains uncured and unwaived in writing by the Required Lenders, each Advance shall bear interest at the Default Rate.
After the second (2nd) Business Day following the date on which any other monetary Obligation of the Borrower arising under this Loan Agreement shall become due and payable, the Borrower shall pay (to the extent permitted by law, if in respect of any unpaid amounts representing interest) interest (after as well as before judgment) on such amounts at a rate per annum equal to the 

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Default Rate. No provision of this Loan Agreement shall require the payment or permit the collection of interest in excess of the maximum permitted by Applicable Law.
Section 3.2    Interest Payment Dates. Interest accrued on all outstanding Advances shall be due and payable, without duplication:
(a)    on each Interest Payment Date;
(b)    on the date of any prepayment, in whole or in part, of principal of outstanding Advances, either from funds available for distribution to the Borrower pursuant to clause “Thirteenth” of Section 5.2(b) and/or from funds available to the Borrower from any capital contribution or other source of funding obtained by the Borrower that is not expressly prohibited by this Loan Agreement;
(c)    on Advances accelerated pursuant to Section 10.2, immediately upon such acceleration; and
(d)    on the Maturity Date.
Section 3.3    Computation of Interest and Fees.  All interest and fees shall be computed on the basis of the actual number of days (including the first day but excluding the last day) occurring during the period for which such interest or fee is payable over a year comprised of 360 days.
Section 3.4    Participation Interest. With respect to each Pledged Policy, the Borrower shall pay the related Participation Interest to the Lenders pursuant to the terms of this Loan Agreement.
Section 3.5    Administrative Agent Fee. On each Distribution Date, the Borrower shall pay the related Administrative Agent Fee to the Administrative Agent, regardless of whether the then Available Amount is sufficient to pay such amount.
         ARTICLE IV     
PAYMENTS; PREPAYMENTS
Section 4.1    Repayments and Prepayments.  The Borrower shall repay in full the unpaid principal amount of all Advances on the Maturity Date. Prior thereto, the Borrower:
(a)    may voluntarily prepay all or any portion of the aggregate outstanding Advances, either in whole or in part, from funds available for distribution to the Borrower pursuant to clause “Thirteenth” of Section 5.2(b) and/or from funds available to the Borrower from any capital contribution or other source of funding obtained by the Borrower that is not expressly prohibited by this Loan Agreement;
(b)    shall repay principal of outstanding Advances, in the amounts set forth in, and pursuant to, the Priority of Payments on each Distribution Date;

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(c)    shall, upon any acceleration of the Maturity Date pursuant to Section 10.2, repay all such Advances within one (1) Business Day of the Administrative Agent’s delivery of notice of such acceleration to the Borrower.
Section 4.2    Making of the Expense Deposit.  Each Expense Deposit shall be deposited by the Borrower no later than 3:00 p.m. (New York City time), on the day when due in lawful money of the United States of America in same day funds to the account designated in writing by the Administrative Agent to the Borrower (the “Administrative Agent’s Account”). Funds received by any Person after 3:00 p.m. (New York City time), on the date when due will be deemed to have been received by such Person on the next following Business Day.
Section 4.3    Due Date Extension.  If any payment of principal or interest with respect to any Advance falls due on a day which is not a Business Day, then such due date shall be extended to the next following Business Day, and additional interest shall accrue at the applicable interest rate and be payable for the period of such extension.
        ARTICLE V     
ACCOUNTS; DISTRIBUTION OF COLLECTIONS
Section 5.1    Accounts.
(a)    Collection Account. The Borrower has established, continuously maintained and shall continue to maintain, in the name of the Borrower, an Eligible Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties (the “Collection Account”), that at all times shall be subject to the Account Control Agreement.
(b)    Payment Account. The Borrower has established, continuously maintained and shall continue to maintain, in the name of the Borrower, an Eligible Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties (the “Payment Account”), that at all times shall be subject to the Account Control Agreement. All proceeds of Advances shall be deposited by the Lenders into the Payment Account other than the Initial Advance.  The Borrower has caused and shall cause any amounts on deposit in the Payment Account to be distributed by the Securities Intermediary in accordance with the terms of the Account Control Agreement, which amounts were used and shall be used for the purposes set forth in Section 2.8(a) and as specified in the related Borrowing Request.
(c)    Borrower Account. The Borrower has established, continuously maintained and shall continue to maintain, in the name of the Borrower, an Eligible Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties (the “Borrower Account”), that at all times shall be subject to the Account Control Agreement. The Borrower hereby acknowledges and agrees that $6,000,000 of the proceeds of the Additional Policy Advance that was made on December 29, 2016 was deposited into the Borrower Account, and $388,069.36 of such proceeds was used on December 29, 2016 to pay certain cost and expenses incurred in connection with the transactions 

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contemplated by the Second Amendment.  The Borrower hereby agrees that the remaining amount of such proceeds was used and shall be used solely to pay Debt Service and Ongoing Maintenance Costs, and the Borrower shall not withdraw any such proceeds for any other purpose (it being understood that a breach of any of the foregoing use of proceeds requirements shall constitute a breach of Section 9.1(e)). The Borrower shall be entitled to withdraw any other amounts on deposit in the Borrower Account for any purpose, including, without limitation, the payment of Premiums or Expenses.
(d)    Escrow Account. The Borrower has established, continuously maintained and shall continue to maintain, in the name of the Borrower, an Eligible Account bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties (the “Escrow Account”), that at all times shall be subject to the Account Control Agreement.
(e)    Administrative Agent Action. The Administrative Agent may, at any time after an Event of Default has occurred and is continuing, give written notice to the Securities Intermediary and to the Borrower of the occurrence of such event and specifying whether the Administrative Agent is exercising its rights and remedies in relation thereto in accordance with this Loan Agreement and the Account Control Agreement, and will do any or all of the following: (i) exercise exclusive dominion and control over the funds deposited in the Accounts, (ii) have amounts that are sent to the Accounts redirected pursuant to its instructions, and (iii) take any or all other actions the Administrative Agent is permitted to take under this Loan Agreement and the Account Control Agreement for the benefit of the Secured Parties. If at any time, any Account shall cease to be an Eligible Account, the Borrower shall as promptly as reasonably practicable (but in no event more than twenty (20) Business Days) establish a replacement Eligible Account.
(f)    Collections Held In Trust. If at any time the Borrower, the Portfolio Manager, the Servicer (if an Affiliated Entity), the Initial Servicer, the Guarantor, the Initial Portfolio Manager, the Securities Intermediary or any of their Affiliates or any Affiliate of Imperial, as the case may be, shall receive any Collections or other proceeds of any Collateral other than through payment into the Collection Account, the Borrower, the Portfolio Manager, the Guarantor, the Initial Portfolio Manager, the Servicer (if an Affiliated Entity) or the Initial Servicer, 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 or other proceeds to the Collection Account. If the Servicer is not an Affiliated Entity, the Borrower will instruct and shall exercise all remedies available to it under the Servicing Agreement to cause the Servicer to remit to the Collection Account all Collections or other proceeds of any Collateral received by the Servicer within two (2) Business Days of Servicer’s receipt thereof, and failure of the Servicer timely to make any such remittance shall be deemed to be a breach by the Borrower of its duties under this Section 5.1(f) and Section 9.1(ee).  All Collections received by the Borrower, the Portfolio Manager, the Initial Portfolio Manager, the Guarantor or the Initial Servicer shall be held by such Person in trust for the exclusive benefit of the Administrative Agent (on behalf of the Secured Parties).  The outstanding principal amount of the Advances shall not be deemed repaid by any amount of the Collections held in trust by any Person, unless such amount is finally paid to the Administrative Agent in accordance with Section 5.2.

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Section 5.2    Application of Available Amounts.
(a)    If no Unmatured Event of Default or Event of Default has occurred and is continuing or is waived in writing by the Required Lenders, the Administrative Agent and the Borrower, and otherwise, the Administrative Agent acting alone, shall instruct the Securities Intermediary to distribute Collections deposited in the Collection Account, and all other amounts deposited in the Collection Account, in accordance with this Section 5.2. In delivering the instructions required under Section 5.2(b), Section 5.2(c) and Section 5.2(e), the Administrative Agent shall have the right to rely absolutely upon the information in the Calculation Date Reports, unless the Administrative Agent or the Required Lenders provide alternative information to the Borrower by notice in writing (such notice an “Alternative Information Notice”) not more than five (5) Business Days after receipt of the related Calculation Date Report by the Administrative Agent, in which case, provided that the Borrower shall not have objected to such Alternative Information Notice in writing within one (1) Business Day of its receipt thereof, the Administrative Agent shall have the absolute right to act in accordance with such Alternative Information Notice. In the event that the Borrower shall have objected to such Alternative Information Notice, then the Borrower and the Administrative Agent shall negotiate in good faith to resolve such objection within five (5) days, the amount subject to such objection shall be retained in the Collection Account during the pendency of such negotiations and the amount not subject to such objection shall be distributed pursuant to such Alternative Information Notice. The amount subject to such objection shall be distributed in accordance with Section 5.2(b), Section 5.2(c) or Section 5.2(e), as applicable, (i) if such objection is resolved, on the Business Day following the date on which such objection is resolved, in which case such amounts shall be distributed in accordance with such resolution or (ii) if such objection is not resolved, on the first Business Day following the day that is five (5) days following the date on which the Borrower objects to such Alternative Information Notice, in which case such amounts shall be distributed in accordance with the relevant Alternative Information Notice. Notwithstanding the foregoing, if the Borrower fails to deliver the related Calculation Date Report or the related Payment Instructions on or prior to the related Calculation Date, then the Administrative Agent acting alone, based on information in the Administrative Agent’s possession, shall be entitled to prepare such Calculation Date Report and Payment Instructions and thereby instruct the Securities Intermediary to distribute Collections deposited in the Collection Account, and all other amounts deposited in the Collection, to be distributed in accordance with this Section 5.2, and the Administrative Agent shall have no liability whatsoever in respect of such instructions (the procedures set forth in this sentence if the Borrower fails to deliver the related Calculation Date Report or the related Payment Instructions on or prior to the related Calculation Date, the “Borrower Failure Procedures”).
(b)    On or prior to each Calculation Date, the Borrower shall prepare and deliver or cause to be prepared and delivered to the Administrative Agent a quarterly calculation report substantially in the form attached hereto as Exhibit D (the “Calculation Date Report”) with respect to the related Distribution Date, and the Borrower shall simultaneously deliver or cause to be delivered to the Securities Intermediary the payment instructions necessary to make the payments indicated in such Calculation Date Report (the “Payment Instructions”). If no Unmatured Event of Default or Event of Default has occurred and is continuing or is waived in writing by the Required Lenders, on each Distribution Date, the Administrative Agent and the Borrower shall jointly instruct the Securities Intermediary to distribute from the Available Amount then on deposit in the Collection 

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Account, in accordance with the Payment Instructions related to the Calculation Date Report for such Distribution Date, subject to the delivery of an Alternative Information Notice, and the procedures set forth in Section 5.2(a) for the resolution of any objections of the Borrower in respect of such Alternative Information Notice, or if the Borrower has failed to deliver the related Calculation Date Report or the related Payment Instructions on or prior to the related Calculation Date, the Administrative Agent acting alone shall instruct the Securities Intermediary to distribute from the Available Amount then on deposit in the Collection Account, in accordance with the Borrower Failure Procedures, and in either case, the following amounts in the following order of priority unless otherwise agreed in writing by the parties hereto (and, with respect to any payment to the Securities Intermediary or the Custodian, as consented to by such Person in writing):
		
	First,
	to the extent not paid from the proceeds of one or more Advances, to the Custodian and the Securities Intermediary, as applicable, the fees, and expenses due and payable thereto in accordance with the Account Control Agreement including, but not limited to, any Claims of any Indemnified Bank Person due and payable in accordance with the Account Control Agreement; provided that (i) the aggregate amount of Claims payable under this clause “First” shall not exceed $10,000 on any Distribution Date and (ii) the aggregate amount of Claims payable under this clause “First” and under clause “First” of Section 5.2(c) shall not, in aggregate, exceed $250,000 during the term of this Loan Agreement;

		
	Second,
	to the extent not paid from the proceeds of one or more Advances, to the Borrower, an amount equal to the Ongoing Maintenance Costs Reimbursable Amount payable to the Borrower and not previously paid to the Borrower, if any;

		
	Third,
	to the Administrative Agent for the account of the Lenders, the then outstanding principal balance of all Protective Advances;

		
	Fourth
	to the Administrative Agent, the Administrative Agent Fee;

		
	Fifth,
	to the Administrative Agent for the account of the Lenders, an amount equal to any accrued and unpaid interest on all Advances through such date;

		
	Sixth,
	(a) if no Lender Default is continuing, to the Administrative Agent for the account of the Lenders, the Required Amortization or (b) if a Lender Default has occurred and is continuing, in the following order of priority:

(i)    to the applicable Issuing Insurance Company, the payment of scheduled Premiums which are due and payable prior to the following Distribution Date as set forth in the related Premium Payment Schedule;
(ii)    (a) to the Servicer, the Servicing Fee and costs and other amounts reimbursable to the Servicer pursuant to the Servicing Agreement and (b) to the Portfolio Manager, the Portfolio Manager Fee;

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(iii)    to the Borrower by deposit to the Borrower Account, the amounts described in clauses (iii) and (v) of the definition of Expenses which are then due and payable; and
(iv)    to the Administrative Agent for the account of the Lenders, the Required Amortization; 
		
	Seventh,
	to the Administrative Agent for the account of the Lenders, an amount equal to the aggregate unpaid Amortization Shortfall Amounts for all of the Shortfall Pledged Policies, if any, and any Amortization Shortfall Amounts due on any prior Distribution Date that remain unpaid; provided, that the aggregate amount payable under this clause “Seventh”, under clause “Tenth” of this Section 5.2(b) and under clauses “Ninth” and “Fourteenth” set forth under Section 5.2(c), shall be in an amount up to the Aggregate Shortfall Amount Limit;

		
	Eighth,
	to the Administrative Agent for the account of the Lenders by deposit to the Participation Interest Account, an amount equal to the Participation Interest Percentage of any amounts paid to the Administrative Agent for the account of the Lenders pursuant to clause “Seventh” of this Section 5.2(b) on such Distribution Date; provided, that any such amount received by the Lenders under this clause “Eighth” shall not reduce the outstanding principal balance of the Advances or any accrued interest thereon;

		
	Ninth,
	Reserved;

		
	Tenth,
	to the Administrative Agent for the account of the Lenders by deposit to the Participation Interest Account, an amount equal to the aggregate unpaid Participation Interest Shortfall Amounts for all of the Shortfall Pledged Policies, if any, and any Participation Interest Shortfall Amounts due on any prior Distribution Date that remain unpaid; provided, that any such amount received by the Lenders under this clause “Tenth” shall not reduce the outstanding principal balance of the Advances or any accrued interest thereon; provided further, the aggregate amount payable under this clause “Tenth”, under clause “Seventh” of this Section 5.2(b) and under clauses “Ninth” and “Fourteenth” set forth under Section 5.2(c), shall be in an amount up to the Aggregate Shortfall Amount Limit;

		
	Eleventh,
	to the Administrative Agent for the account of the Lenders by deposit to the Participation Interest Account, the aggregate of (i) the Participation Interest Percentage of the remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Tenth” of this Section 5.2(b) and (ii) the Participation Interest Percentage of any amount actually paid to the Participation Interest Account pursuant to clause “Tenth” of this Section 5.2(b) on such Distribution Date; provided, that any such amount received by the Lenders under this clause “Eleventh” shall not reduce the outstanding principal balance of the Advances or any accrued interest thereon;

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	Twelfth,
	to the Custodian and the Securities Intermediary, as applicable, any fees and expenses due and payable thereto that remain unpaid (including such fees and expenses not paid pursuant to clause “First” of this Section 5.2(b)); and

		
	Thirteenth,
	to the Borrower, any remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Twelfth” of this Section 5.2(b) by deposit to the Borrower Account.

(c)    Prior to the Partial Repayment Date, if an Unmatured Event of Default or Event of Default has occurred and is continuing and is not waived in writing by the Required Lenders, on each Distribution Date, the Administrative Agent shall instruct the Securities Intermediary to distribute from the Available Amount then on deposit in the Collection Account and amounts on deposit in the Escrow Account (which may be distributed directly from the Escrow Account or by first transferring such amounts to the Collection Account, as determined by the Administrative Agent), in accordance with the Payment Instructions related to the Calculation Date Report for such Distribution Date, subject to the delivery of an Alternative Information Notice, and the procedures set forth in Section 5.2(a) for the resolution of any objections of the Borrower in respect of such Alternative Information Notice, or if the Borrower has failed to deliver the related Calculation Date Report or the related Payment Instructions on or prior to the related Calculation Date, the Administrative Agent acting alone shall instruct the Securities Intermediary to distribute from the Available Amount then on deposit in the Collection Account and amounts on deposit in the Escrow Account (which may be distributed directly from the Escrow Account or by first transferring such amounts to the Collection Account, as determined by the Administrative Agent), in accordance with the Borrower Failure Procedures, and in either case, the following amounts in the following order of priority unless otherwise agreed in writing by the parties hereto (and, with respect to any payments to the Securities Intermediary or the Custodian, as consented to by such Person in writing):
		
	First,
	to the extent not paid from the proceeds of one or more Advances, to the Custodian and the Securities Intermediary, as applicable, the fees, and expenses due and payable thereto in accordance with the Account Control Agreement, including, but not limited to, any Claims of any Indemnified Bank Person due and payable in accordance with the Account Control Agreement; provided that (i) the aggregate amount of Claims payable under this clause “First” shall not exceed $10,000 on any Distribution Date and (ii) the aggregate amount of Claims payable under this clause “First” and under clause “First” of Section 5.2(b) shall not, in aggregate, exceed $250,000 during the term of this Loan Agreement;

		
	Second,
	to the extent not paid from the proceeds of one or more Advances, to the Escrow Account, an amount equal to the Ongoing Maintenance Costs Reimbursable Amount payable to the Borrower and not previously paid to the Borrower, if any;

		
	Third,
	to the Administrative Agent for the account of the Lenders, the then outstanding principal balance of all Protective Advances;

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	Fourth,
	to the applicable Issuing Insurance Company, the payment of scheduled Premiums which are due and payable prior to the following Distribution Date as set forth in the related Premium Payment Schedule;

		
	Fifth,
	so long as the Servicer is not Imperial or an Affiliate of Imperial or the Borrower, to the Servicer, the Servicing Fee and costs and other amounts reimbursable to the Servicer pursuant to the Servicing Agreement and approved in writing by the Administrative Agent;

		
	Sixth,
	to the Administrative Agent, the Administrative Agent Fee;

		
	Seventh,
	 to the Administrative Agent for the account of the Lenders, an amount equal to any accrued and unpaid interest on all Advances through such date;

		
	Eighth
	(a) to the Portfolio Manager, the Portfolio Manager Fee and (b) if the Servicer is Imperial or an Affiliate of Imperial or the Borrower, the Servicing Fee and costs and other amounts reimbursable to the Servicer pursuant to the Servicing Agreement;

		
	Ninth,
	to the Administrative Agent for the account of the Lenders, an amount equal to the aggregate unpaid Amortization Shortfall Amounts for all of the Shortfall Pledged Policies, if any, and any Amortization Shortfall Amounts due on any prior Distribution Date that remain unpaid; provided, that the aggregate amount payable under this clause “Ninth”, under clause “Fourteenth” of this Section 5.2(c) and under clauses “Seventh” and “Tenth” set forth under Section 5.2(b), shall be in an amount up to the Aggregate Shortfall Amount Limit;

		
	Tenth,
	to the Administrative Agent for the account of the Lenders, an amount equal to all outstanding Advances and any other amounts with respect to the Advances or Lender Notes;

		
	Eleventh,
	to the Administrative Agent for the account of the Lenders by deposit in the Participation Interest Account, an amount equal to the Participation Interest Percentage of any amount paid to the Administrative Agent for the account of the Lenders pursuant to clause “Ninth” of this Section 5.2(c) on such Distribution Date; provided, that any such amount received by the Lenders under this clause “Eleventh” shall not reduce the outstanding principal balance of the Advances or any accrued interest thereon;

		
	Twelfth,
	to the Escrow Account, the amounts described in clauses (iii) and (v) of the definition of Expenses which are then due and payable;

		
	Thirteenth,
	Reserved;

		
	Fourteenth,
	to the Administrative Agent for the account of the Lenders by deposit to the Participation Interest Account, an amount equal to the aggregate unpaid Participation Interest Shortfall Amounts for all of the Shortfall Pledged Policies, if any, and any 

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Participation Interest Shortfall Amounts due on any prior Distribution Date that remain unpaid; provided, that any such amount received by the Lenders under this clause “Fourteenth” shall not reduce the outstanding principal balance of the Advances or any accrued interest thereon; provided further, the aggregate amount payable under this clause “Fourteenth”, under clause “Ninth” of this Section 5.2(c) and under clauses “Seventh” and “Tenth” set forth under Section 5.2(b), shall be in an amount up to the Aggregate Shortfall Amount Limit;
		
	Fifteenth,
	to the Administrative Agent for the account of the Lenders by deposit to the Participation Interest Account, the aggregate of (i) the Participation Interest Percentage of the remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Fourteenth” of this Section 5.2(c), and (ii) the Participation Interest Percentage of any amount actually paid to the Participation Interest Account pursuant to clause “Fourteenth” of this Section 5.2(c) on such Distribution Date; provided, that any such amount received by the Lenders under this clause “Fifteenth” shall not reduce the outstanding principal balance of the Advances or any interest thereon;

		
	Sixteenth,
	to the Custodian and the Securities Intermediary, as applicable, any fees and expenses due and payable thereto that remain unpaid (including such fees and expenses not paid pursuant to clause “First” of this Section 5.2(c)); and

		
	Seventeenth,
	to the Escrow Account, any remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Sixteenth” of this Section 5.2(c).

(d)    Except as set forth in this Section 5.2(d), all amounts on deposit in the Escrow Account shall remain in the Escrow Account until the second Business Day after the earlier of (i) the date as of which all existing Events of Default are cured by the Borrower or waived in writing by the Required Lenders in their sole and absolute discretion and so long as no Unmatured Event of Default has occurred and is continuing and no Protective Advances remain outstanding or (ii) the date that is the later of (x) six (6) months after the Partial Repayment Date and (y) six (6) months after all outstanding Protective Advances have been repaid, on which date the Administrative Agent shall instruct the Securities Intermediary to distribute all amounts on deposit in the Escrow Account to the Borrower Account. Amounts on deposit in the Escrow Account may be used by the Administrative Agent, acting at the written direction of the Required Lenders, to cure Event(s) of Default or Unmatured Event(s) of Default and to repay outstanding Protective Advances. If the related Event of Default has occurred and continues for a year or if the Administrative Agent has foreclosed on or exercised any of its other rights and remedies in respect of the Pledged Policies, amounts on deposit in the Escrow Account may be used by the Administrative Agent to pay the outstanding principal balances of the Advances, any other Obligations owing to the Lenders and Ongoing Maintenance Costs.
(e)    On and after the Partial Repayment Date, on each Distribution Date, the Administrative Agent and the Borrower jointly shall (if no Unmatured Event of Default or Event of Default has occurred and is continuing) or the Administrative Agent alone shall (if an Unmatured 

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Event of Default or Event of Default has occurred and is continuing) instruct the Securities Intermediary to distribute from the Available Amount then on deposit in the Collection Account and amounts on deposit in the Escrow Account (which may be distributed directly from the Escrow Account or by first transferring such amounts to the Collection Account, as determined by the Administrative Agent), in accordance with the Payment Instructions related to the Calculation Date Report for such Distribution Date, subject to the delivery of an Alternative Information Notice, and the procedures set forth in Section 5.2(a) for the resolution of any objections of the Borrower in respect of such Alternative Information Notice, or if the Borrower has failed to deliver the related Calculation Date Report or the related Payment Instructions on or prior to the related Calculation Date, the Administrative Agent acting alone shall instruct the Securities Intermediary to distribute from the Available Amount then on deposit in the Collection Account and amounts on deposit in the Escrow Account (which may be distributed directly from the Escrow Account or by first transferring such amounts to the Collection Account, as determined by the Administrative Agent), in accordance with the Borrower Failure Procedures, and in either case, the following amounts in the following order of priority unless otherwise agreed in writing by the parties hereto (and, with respect to any payments to the Securities Intermediary or the Custodian, as consented to by such Person in writing):
		
	First,
	to the extent not paid from the proceeds of one or more Protective Advances, to the Custodian and the Securities Intermediary, as applicable, the fees, and expenses due and payable thereto in accordance with the Account Control Agreement, including, but not limited to, any Claims of any Indemnified Bank Person due and payable in accordance with the Account Control Agreement; provided that (i) the aggregate amount of Claims payable under this clause (i) shall not exceed $10,000 on any Distribution Date and (ii) the aggregate amount of Claims payable under this clause (i), under clause “First” of Section 5.2(b) and under clause “First” of Section 5.2(c) shall not, in aggregate, exceed $250,000 during the term of this Loan Agreement;

		
	Second,
	to the applicable Issuing Insurance Company, the payment of scheduled Premiums which are due and payable prior to the following Distribution Date as set forth in the related Premium Payment Schedule;

		
	Third,
	to the Administrative Agent for the account of the Lenders, the then outstanding principal balance of all Protective Advances plus accrued and unpaid interest thereon;

		
	Fourth,
	to the Administrative Agent, the Administrative Agent Fee;

		
	Fifth,
	(a) to the Portfolio Manager, the Portfolio Manager Fee and (b) to the Servicer, the Servicing Fee and costs and other amounts reimbursable to the Servicer pursuant to the Servicing Agreement;

		
	Sixth,
	to  the  Borrower,  any  amounts  actually  paid  by  the  Borrower  to  pay  scheduled Premiums and Expenses, and in each case, as previously approved by the Required Lenders in writing and not previously reimbursed;

		
	Seventh,
	to the Collection Account, to be held in reserve to fund (i) Premiums on Pledged Policies in accordance with the schedule of Premiums approved by the Required 

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Lenders in accordance with Section 9.1(d)(vii), an amount equal to up to the difference of (A) the aggregate amount of Premiums projected by the Portfolio Manager to be payable on all Pledged Policies during the succeeding twenty four calendar months (determined using methodology consistent with the methodology used for projecting Premium payments prior to the Partial Repayment Date and approved in writing by the Required Lenders) minus (B) the amounts then held in the Collection Account in reserve to fund such Premiums as previously reserved pursuant to the immediately preceding sub-clause (A), (ii) the fees and expenses of the Custodian and the Securities Intermediary which will be due and payable thereto in accordance with the Account Control Agreement during the succeeding twenty four calendar months and (iii) the Portfolio Management Fees, the Servicing Fees and costs and other amounts reimbursable to the Servicer which will be due and payable thereto in accordance with the Servicing Agreement during the succeeding twenty four calendar months;
		
	Eighth,
	Reserved;

		
	Ninth,
	to  the  Administrative  Agent  for  the  account  of  the  Lenders  by  deposit  to  the Participation Interest Account, an amount equal to the aggregate unpaid Participation Interest Shortfall Amounts for all of the Shortfall Pledged Policies, if any, and any Participation Interest Shortfall Amounts due on any prior date that remain unpaid; provided, that the aggregate amount payable under this clause (viii), under clauses “Seventh” and “Tenth” set forth under Section 5.2(b) and under clauses “Ninth” and “Fourteenth” set forth under Section 5.2(c), shall be in an amount up to the Aggregate Shortfall Amount Limit;

		
	Tenth,
	to the Administrative Agent for the account of the Lenders by deposit to the Participation Interest Account, the aggregate of (i) the Participation Interest Percentage of the remainder of such Collections and (ii) the Participation Interest Percentage of any amount paid to the Participation Interest Account pursuant to Clause “Eighth” of this Section 5.2(e) on such date;

		
	Eleventh,
	to the Custodian and the Securities Intermediary, as applicable, any fees and expenses due and payable thereto that remain unpaid (including such fees and expenses not paid pursuant to Clause “First” of this Section 5.2(d)); and

		
	Twelfth,
	to the Borrower Account or the Escrow Account, as applicable, any remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Eleventh” of this Section 5.2(e).

(f)    After a Pledged Policy becomes a Shortfall Pledged Policy, if the Borrower subsequently obtains a favorable judgment, ruling or verdict in an appeal or otherwise such that the related Issuing Insurance Company actually pays all or a portion of the face amount of such Shortfall Pledged Policy plus any applicable statutory interest (such Shortfall Pledged Policy, a “Recovered Pledged Policy”), and (i) if there are any unpaid Participation Interest Shortfall Amounts or Amortization Shortfall Amounts for any other Shortfall Pledged Policy or if an Event of Default has occurred and is continuing, then Collections in respect of such Recovered Pledged Policy shall 

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be distributed pursuant to Section 5.2(b), Section 5.2(c), or Section 5.2(e), as applicable and (ii) if there are no unpaid Participation Interest Shortfall Amounts or Amortization Shortfall Amounts for any other Shortfall Pledged Policy and so long as no Event of Default has occurred and is continuing, then first, if amounts were distributed from the Collection Account to fund Amortization Shortfall Amounts or Participation Interest Shortfall Amounts, in each case, with respect to such Recovered Pledged Policy, on any prior date pursuant to Section 5.2(b) Clauses “Seventh”, “Eighth” or “Tenth”, Section 5.2(c) Clauses “Ninth”, “Eleventh” or “Fourteenth” or Section 5.2(e) Clause “Ninth”, or were withdrawn from the Escrow Account on any prior date to fund Amortization Shortfall Amounts or Participation Interest Shortfall Amounts, in each case, with respect to such Recovered Pledged Policy, then Collections in respect of such Recovered Pledged Policy shall be distributed to the Borrower Account up to the aggregate of such amounts so funded, and, second the Borrower and the Lenders shall cooperate in good faith in order to equitably distribute any remaining Collections in respect of such Recovered Pledged Policy and if the Lender and the Borrower cannot reach an agreement on the distribution of such remaining Collections within thirty (30) days of the date such Shortfall Pledged Policy became a Recovered Pledged Policy, then such remaining Collections shall be distributed pursuant to the instructions of the Administrative Agent prepared in good faith and acting at the direction of the Required Lenders.
(g)    With respect to any Distribution Date occurring on or after the Partial Repayment Date, if amounts on deposit in the Collection Account less any amounts held in reserve pursuant to Clause “Seventh” of Section 5.2(e) will be insufficient to pay the amounts set forth under Clauses “First”, “Second” and “Fifth” of Section 5.2(e) on such Distribution Date, then, in lieu of the Lenders making a Protective Advance therefor, the Borrower shall instruct the Securities Intermediary to apply such amounts held in reserve to pay such amounts set forth under Clauses “First”, “Second” and “Fifth” of Section 5.2(e) by reflecting such application in the related Calculation Date Report and Payment Instructions.
(h)    For the avoidance of doubt and notwithstanding Section 9.1(d)(vii), on and after the Partial Repayment Date, Premiums may be funded in accordance with an Alternative Information Notice delivered by the Administrative Agent pursuant to Section 5.2(e).  If Premiums are funded in accordance with an Alternative Information Notice delivered by the Administrative Agent pursuant to Section 5.2(b), Section 5.2(c) or Section 5.2(e), and the amount of Premiums funded is less than the amount set forth in the Calculation Date Report in respect of which such Alternative Information Notice was delivered, and as a result a Pledged Policy lapses, such lapse shall not constitute an Event of Default and such Pledged Policy shall not be a “Lapse/Grace Policy” for purposes of Section 10.1(p) so long as the Borrower has provided at least fifteen (15) Business Days prior written notice of such lapse to the Administrative Agent.
Section 5.3    Permitted Investments.
(a)    Funds at any time held in the Collection Account may be invested and reinvested at the direction of the Borrower (unless an Event of Default shall have occurred and be continuing, in which case at the written direction of the Administrative Agent) in one or more Permitted Investments in a manner provided in Section 5.3(c). In the absence of any such direction, funds held in the Collection Account shall be invested in Permitted Investments described in clause 

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(a) of the definition thereof.  Funds at any time held in the Escrow Account shall be invested and reinvested at the direction of the Borrower in one or more Permitted Investments.  In the absence of any such direction, funds held in the Escrow Account shall be invested in Permitted Investments described in clause (a) of the definition thereof.
(b)    Each investment made pursuant to this Section 5.3 on any date with respect to the Collection Account shall mature or be available not later than the Business Day preceding the Distribution Date after the day on which such investment is made, except that any investment made on the day preceding a Distribution Date shall mature on such Distribution Date.
(c)    Any investment of funds in the Collection Account shall be made in Permitted Investments in which the Administrative Agent has a first priority, perfected Lien.
(d)    The Administrative Agent shall not be liable in any manner by reason of any insufficiency in the Collection Account resulting from any loss on any Permitted Investment included therein.
Section 5.4    Shortfall Exclusion Election.  Notwithstanding anything in this Loan Agreement to the contrary, if a Pledged Policy becomes a Shortfall Pledged Policy during a calendar year in which neither the Annual Policy Limit nor the Annual NDB Limit have been reached, and so long as neither the Aggregate Policy Limit nor the Aggregate NDB Limit have been reached (assuming that such Pledged Policy shall be treated as a Lapsed/Grace Policy), then, within two (2) Business Days after such Pledged Policy becomes a Shortfall Pledged Policy, the Borrower at its option may provide written notice to the Administrative Agent of the Borrower’s election (the “Shortfall Exclusion Election”) to treat such Pledged Policy as a Lapsed/Grace Policy.  The Borrower may make only one Shortfall Exclusion Election during each calendar year.  If (i) the Borrower makes a Shortfall Exclusion Election with respect to a Shortfall Pledged Policy during a calendar year and (ii) no Pledged Policy otherwise becomes a Lapsed/Grace Policy during the remainder of the calendar year in which such Shortfall Exclusion Election is made, then such Shortfall Pledged Policy shall not be included in calculating the Amortization Shortfall Amount and the Participation Interest Shortfall Amount. If (i) the Borrower makes a Shortfall Exclusion Election with respect to a Shortfall Pledged Policy during a calendar year and (ii) at least one other Pledged Policy becomes a Lapsed/Grace Policy during the remainder of the calendar year in which such Shortfall Exclusion Election is made, then such Shortfall Pledged Policy shall thereafter be included in calculating the Amortization Shortfall Amount and the Participation Interest Shortfall Amount, and an Event of Default under Section 10.1(p) shall be deemed to have occurred.
Section 5.5    Lender Valuation.  With respect to each Distribution Date, the Administrative Agent shall, within three (3) Business Days prior to the related Calculation Date, provide the Borrower with the Lender Valuation of the Pledged Policies as of such Calculation Date.

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        ARTICLE VI     
INCREASED COSTS, ETC.
Section 6.1    Increased Costs.  If any change in Regulation D of the Board of Governors of the Federal Reserve System, or any Regulatory Change, in each case occurring after the Initial Closing Date:
(A)    shall subject any Affected Party to any Tax, duty or other charge with respect to any Advance made or funded by it, or shall change the basis of the imposition of any Tax on payments to such Affected Party of the principal of or interest on any Advance owed to or funded by it or any other amounts due under this Loan Agreement in respect of any Advance made or funded by it (except for changes in the rate of Tax on the overall net income of such Affected Party imposed by any applicable jurisdiction in which such Affected Party has an office); or
(B)    shall impose, modify or deem applicable any reserve (including, without limitation, any reserve imposed by the Board of Governors of the Federal Reserve System, but excluding any reserve included in the determination of interest rates pursuant to Section 3.1), special deposit or similar requirement against assets of, deposits with or for the account of, or credit extended by, any Affected Party;
(C)    shall change the amount of capital maintained or required or requested or directed to be maintained by any Affected Party; or
(D)    shall impose on any Affected Party any other condition affecting any Advance made or funded by any Affected Party;
and the result of any of the foregoing is or would be to (i) increase the cost to or impose a cost on an Affected Party funding or making or maintaining any Advance (including any commitment of such Affected Party with respect to any of the foregoing), (ii) to reduce the amount of any sum received or receivable by an Affected Party under this Loan Agreement or the Lender Notes, or in the good faith determination of such Affected Party, to reduce the rate of return on the capital of an Affected Party as a consequence of its obligations hereunder or arising in connection herewith to a level below that which such Affected Party could otherwise have achieved, then after demand by such Affected Party to the Borrower (which demand shall be accompanied by a written statement setting forth the basis of such demand), the Borrower shall pay such Affected Party such additional amount or amounts as will (in the reasonable determination of such Affected Party) compensate such Affected Party for such increased cost or such reduction.  Such written statement (which shall include calculations in reasonable detail) shall, in the absence of manifest error, be rebuttably presumptive evidence of the subject matter thereof.
Section 6.2    Funding Losses.  The Borrower hereby agrees that upon demand by any Affected Party (which demand shall be accompanied by a statement setting forth the basis for the calculations of the amount being claimed) the Borrower will indemnify such Affected Party against any net loss or actual expense which such Affected Party actually sustains or incurs (including, without limitation, any net loss or expense actually incurred by reason of the liquidation or 

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reemployment of deposits or other funds acquired by such Affected Party to fund or maintain any Advance made by any Lender to the Borrower), as reasonably determined by such Affected Party, as a result of (a) any payment or prepayment (including any mandatory prepayment) of any Advance on a date other than a Distribution Date, or (b) any failure of the Borrower to borrow any Advance on the date specified therefor in an Initial Advance Acceptance or an Additional Policy Advance Acceptance or with respect to an Ongoing Maintenance Advance, within five (5) Business Days after the Administrative Agent’s receipt of the related Borrowing Request. Such written statement shall, in the absence of manifest error, be rebuttable presumptive evidence of the subject matter thereof.
Section 6.3    Withholding Taxes.
(a)    Payments Free of Taxes.  Any and all payments by or on account of any obligation of the Borrower shall be made without deduction or withholding for any Taxes, except as required by Applicable Law.  If any Applicable Law (as determined in the good faith discretion of an applicable Withholding Agent) requires the deduction or withholding of any Tax from any such payment by a Withholding Agent, then the applicable Withholding Agent shall be entitled to make such deduction or withholding and shall timely pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with Applicable Law and, if such Tax is an Indemnified Tax, then the sum payable by the Borrower shall be increased as necessary so that after such deduction or withholding has been made (including such deductions and withholdings applicable to additional sums payable under this Section) the applicable Lender receives an amount equal to the sum it would have received had no such deduction or withholding been made.
(b)    Payment of Other Taxes by the Borrower.  The Borrower shall timely pay to the relevant Governmental Authority in accordance with Applicable Law, or at the option of the Administrative Agent or applicable Lender timely reimburse it for the payment of, any Other Taxes.
(c)    Indemnification by the Borrower.  The Borrower shall indemnify the Administrative Agent and each Lender, within 10 days after demand therefor, for the full amount of any Indemnified Taxes (including Indemnified Taxes imposed or asserted on or attributable to amounts payable under this Section) payable or paid by such Lender or required to be withheld or deducted from a payment to such Lender and any reasonable expenses arising therefrom or with respect thereto, whether or not such Indemnified Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority.  A certificate as to the amount of such payment or liability delivered to the Borrower by a Lender (with a copy to the Administrative Agent), or by the Administrative Agent on its own behalf or on behalf of a Lender, shall be conclusive absent manifest error.
(d)    Evidence of Payments.  As soon as practicable after any payment of Taxes by the Borrower to a Governmental Authority pursuant to this Section 6.3, the Borrower shall deliver to the Administrative Agent and relevant Lender the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent and such Lender.

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(e)    Status of Lenders.  (f) Any Lender that is entitled to an exemption from or reduction of withholding Tax with respect to payments made under this Loan Agreement or the relevant Lender Note shall deliver to the Borrower and the Administrative Agent, at the time or times reasonably requested by the Borrower or the Administrative Agent, such properly completed and executed documentation reasonably requested by the Borrower or the Administrative Agent as will permit such payments to be made without withholding or at a reduced rate of withholding. In addition, any Lender, if reasonably requested by the Borrower or the Administrative Agent, shall deliver such other documentation prescribed by Applicable Law or reasonably requested by the Borrower or the Administrative Agent as will enable the Borrower or the Administrative Agent to determine whether or not such Lender is subject to backup withholding or information reporting requirements.  Notwithstanding anything to the contrary in the preceding two sentences, the completion, execution and submission of such documentation (other than such documentation set forth in Section 6.3(e)(ii)(A), Section 6.3(e)(ii)(B) and Section 6.3(e)(ii)(D) below) shall not be required if in the Lender’s reasonable judgment such completion, execution or submission would subject such Lender to any material unreimbursed cost or expense or would materially prejudice the legal or commercial position of such Lender.
(ii)    Without limiting the generality of the foregoing:
(A)    any Lender that is a U.S. Person shall deliver to the Borrower, the Securities Intermediary and the Administrative Agent on or prior to the date on which such Lender becomes a Lender under this Loan Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Securities Intermediary or the Administrative Agent), executed originals (or copies if permitted by the Code and by the regulations promulgated by the Internal Revenue Service) of IRS Form W-9 certifying that such Lender is exempt from U.S. federal backup withholding tax;
(B)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower, the Securities Intermediary and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Loan Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Securities Intermediary or the Administrative Agent), whichever of the following is applicable:
(1)    in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party with respect to payments of interest under any Loan Document: executed originals (or copies if permitted by the Code and by the regulations promulgated by the Internal Revenue Service) of IRS Form W-8BEN (which for purposes of this Section 6.3 includes any successor forms such as IRS Form W-8BEN-E) establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “interest” article of such tax treaty; and in the case of a Foreign Lender claiming the benefits of an income tax treaty to which the United States is a party with respect to payments of any other applicable payments under any Loan Document: IRS Form W-8BEN establishing an exemption from, or reduction of, U.S. federal withholding Tax pursuant to the “business profits” or “other income” article of such tax treaty;

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(2)    executed originals (or copies if permitted by the Code and by the regulations promulgated by the Internal Revenue Service) of IRS Form W- 8ECI;
(3)    in the case of a Foreign Lender claiming the benefits of the exemption for portfolio interest under Section 881(c) of the Code, (x) a certificate to the effect that such Foreign Lender is not a “bank” within the meaning of Section 881(c)(3)(A) of the Code, a “10 percent shareholder” of the Borrower within the meaning of Section 881(c)(3)(B) of the Code, or a “controlled foreign corporation” described in Section 881(c)(3)(C) of the Code (a “U.S. Tax Compliance Certificate”) and (y) executed originals (or copies if permitted by the Code and by the regulations promulgated by the Internal Revenue Service) of IRS Form W-8BEN; or
(4)    to the extent a Foreign Lender is not the beneficial owner, executed originals (or copies if permitted by the Code and by the regulations promulgated by the Internal Revenue Service) of IRS Form W-8IMY, accompanied by IRS Form W-8ECI, IRS Form W-8BEN, a U.S. Tax Compliance Certificate and/or other certification documents from each beneficial owner, as applicable; provided that if the Foreign Lender is a partnership and one or more direct or indirect partners of such Foreign Lender are claiming the portfolio interest exemption, such Foreign Lender may provide a U.S. Tax Compliance Certificate on behalf of each such direct and indirect partner;
(C)    any Foreign Lender shall, to the extent it is legally entitled to do so, deliver to the Borrower, the Securities Intermediary and the Administrative Agent (in such number of copies as shall be requested by the recipient) on or prior to the date on which such Foreign Lender becomes a Lender under this Loan Agreement (and from time to time thereafter upon the reasonable request of the Borrower, the Securities Intermediary or the Administrative Agent), executed originals (or copies if permitted by the Code and by the regulations promulgated by the Internal Revenue Service) of any other form prescribed by Applicable Law as a basis for claiming exemption from or a reduction in U.S. federal withholding Tax, duly completed, together with such supplementary documentation as may be prescribed by Applicable Law to permit the Borrower, the Securities Intermediary or the Administrative Agent to determine the withholding or deduction required to be made; and
(D)    if a payment made to a Lender under this Loan Agreement or a Lender Note issued hereunder would be subject to U.S. federal withholding Tax imposed by FATCA if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to the Borrower, the Securities Intermediary and the Administrative Agent at the time or times prescribed by law and at such time or times reasonably requested by the Borrower, the Securities Intermediary or the Administrative Agent such documentation prescribed by Applicable Law (including, to the extent applicable, Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by the Borrower, the Securities Intermediary or the Administrative Agent as may be necessary for the Borrower, the Securities Intermediary and the Administrative Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount to 

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deduct and withhold from such payment.  Solely for purposes of this clause (D), “FATCA” shall include any amendments made to FATCA after the date of this Loan Agreement.
(f)    Treatment of Certain Refunds.  If any party determines, in its sole discretion exercised in good faith, that it has received a refund of any Taxes as to which it has been indemnified pursuant to this Section 6.3 (including by the payment of additional amounts pursuant to this Section 6.3), it shall pay to the indemnifying party an amount equal to such refund (but only to the extent of indemnity payments made under this Section with respect to the Taxes giving rise to such refund), net of all out-of-pocket expenses (including Taxes) of such indemnified party and without interest (other than any interest paid by the relevant Governmental Authority with respect to such refund).  Such indemnifying party, upon the request of such indemnified party, shall repay to such indemnified party the amount paid over pursuant to this paragraph (f) (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) in the event that such indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this paragraph (f), in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to this paragraph (f) the payment of which would place the indemnified party in a less favorable net after-Tax position than the indemnified party would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid.  This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.
(g)    Survival.  Each party’s obligations under this Section 6.3 shall survive the resignation or replacement of the Administrative Agent or any assignment of rights by, or the replacement of, a Lender, the termination of the commitments of the Lenders hereunder and the repayment, satisfaction or discharge of all obligations under this Loan Agreement.
Section 6.4    Designation of a Different Lending Office.  If any Lender requires the Borrower to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 6.3, then such Lender shall (at the request of the Borrower) 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 judgment of such Lender, such designation or assignment (i) would eliminate or reduce amounts payable pursuant to Section 6.3, as the case may be, in the future, and (ii) would not subject such Lender to any unreimbursed cost or expense and would not otherwise be disadvantageous to such Lender. The Borrower hereby agrees to pay all reasonable costs and expenses incurred by any Lender in connection with any such designation or assignment.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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ARTICLE VII     
CONDITIONS TO BORROWING
The making of the Advances hereunder is subject to the following conditions precedent:
Section 7.1    Conditions Precedent to the Closing and the Initial Advance.  The Administrative Agent and the Lenders had no obligation to consummate the transactions contemplated by the Original Loan Agreement and make the Initial Advance unless:
(a)    Representations and Covenants.  On and as of the date of the Initial Advance: (i) the representations of each of the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager, the Initial Servicer, the Custodian and the Securities Intermediary set forth in the Transaction Documents shall be true and correct in all material respects with the same effect as if made on such date, and (ii) each of the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager, the Initial Servicer, the Custodian and the Securities Intermediary were in compliance with the covenants set forth in the Transaction Documents to which it is a party.
(b)    Closing Documents.  The Administrative Agent received all of the following, each duly executed and dated as of the Initial Closing Date, in form and substance satisfactory to the Required Lenders:
(i)    Transaction Documents.  Duly executed and delivered counterparts of the Original Loan Agreement and each other Transaction Document (as defined in the Original Loan Agreement), which agreements were in full force and effect.
(ii)    Resolutions; Organizational Documentation.  Certified copies of resolutions for the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager and the Initial Servicer authorizing or ratifying the execution, delivery and performance of each Transaction Document (as defined in the Original Loan Agreement) to which it was, or would be, a party, together with certified copies of the Borrower Organizational Documents and in the case of Imperial, the Assignor and the Predecessor Parent Pledgor, a certified copy of their respective articles or certificate of incorporation or formation and by-laws, trust agreement or limited liability company agreements, as applicable, of the Borrower, Imperial, the Initial Servicer, the Initial Portfolio Manager, the Assignor and the Predecessor Parent Pledgor.
(iii)    Consents, etc.  Certified copies of all documents evidencing any necessary consents and governmental approvals required by the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager and the Initial Servicer with respect to each Transaction Document (as defined in the Original Loan Agreement) to which it was, or would be, a party (including, without limitation, any and all approvals required for the Borrower or the Servicer to service the Collateral).
(iv)    Incumbency and Signatures.  A certificate of each of the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager and the Initial Servicer, certifying the names of its members, managers, directors or officers authorized 

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to sign each Transaction Document (as defined in the Original Loan Agreement) to which it was, or would be, a party.
(v)    Good Standing Certificates.  Good standing certificates or equivalent certificates for each of the Borrower, the Assignor, the Predecessor Parent Pledgor, Imperial, the Initial Portfolio Manager and the Initial Servicer issued as of a recent date acceptable to the Administrative Agent by: (i) the Secretary of State (or similar governmental authority) of the jurisdiction of such Person’s formation, and (ii) the Secretary of State (or similar governmental authority) of the jurisdiction where such Person’s chief executive office and principal place of business are located.
(vi)    Financing Statements.  Copies of UCC-1 financing statements, in form and substance satisfactory to Administrative Agent, to be filed on or before the Initial Closing Date, naming each of the Borrower, the Predecessor Parent Pledgor and the Assignor as debtor, and, as appropriate, Administrative Agent, for the benefit of the Secured Parties, as secured party.
(vii)    Lien Search Report.  Results of completed UCC and tax and judgment lien searches or their equivalent for the jurisdictions of formation and chief executive office of the Borrower, the Predecessor Parent Pledgor and the Assignor dated within two (2) weeks before the Initial Closing Date that named the Borrower, the Assignor and the Predecessor Parent Pledgor as debtor (none of which showed any of the Collateral or the Pledged Interests subject to any Liens other than those created pursuant to the Transaction Documents (as defined in the Original Loan Agreement)).
(viii)    Payment of Fees.  Evidence (which may be in the form of one or more wire instructions and/or confirmations) that all Fees payable under the Original Loan Agreement or under any other Transaction Document (as defined in the Original Loan Agreement) and all costs and expenses then due and payable had been paid or were paid out of the proceeds of the Initial Advance.
(ix)    Opinions of Counsel.  Opinions of counsel to the Borrower, the Assignor, the Predecessor Parent Pledgor, the Initial Servicer, Imperial, the Initial Portfolio Manager, the Custodian and the Securities Intermediary, in form and substance satisfactory to the Administrative Agent.
(x)    Accounts.  Evidence that the Accounts and the Policy Account had been established in accordance with the Transaction Documents (as defined in the Original Loan Agreement).
(xi)    Collateral Packages.  Copies of the complete Collateral Packages for the Subject Policies satisfactory to the Administrative Agent as of the Initial Closing Date, including evidence that all Premiums required to be funded prior to the Initial Closing Date in order to keep the Subject Policies in force and not in grace or lapse status through at least April 30, 2013 had been paid (except Subject Policies set forth on the Initial Advance Lexington Schedule, which may have had Premiums funded through a different date as set forth on such schedule).

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(xii)    Reserved.
(xiii)    Insurance Consultant.  Reports produced by the Insurance Consultant, in form and substance satisfactory to the Administrative Agent.
(xiv)    Annual Budget.  The Borrower shall have produced an Annual Budget with respect to the Subject Policies as of the Initial Closing Date, in form and substance reasonably acceptable to the Administrative Agent and the Insurance Consultant.
(xv)    Solvency Certificate.  A certificate of solvency executed by the chief financial officer of the Predecessor Parent Pledgor certifying that the Borrower was Solvent.
(xvi)    Others.  Such other documents as the Administrative Agent may have reasonably requested prior to the Initial Closing Date.
(c)    Borrowing Base.  The Initial Advance did not exceed the Borrowing Base as of the date of the Initial Advance.
(d)    Transaction Documents.  Each of the Transaction Documents (as defined in the Original Loan Agreement) were in form and substance satisfactory to the Required Lenders in their sole discretion, and all consents, waivers and approvals necessary for the consummation of the transactions contemplated thereby were obtained and were in full force and effect.
(e)    Eligible Policies.  Each of the Subject Policies as of the Initial Closing Date was an Eligible Policy, as determined by the Required Lenders in their sole discretion, it being understood that such determination shall not operate as a waiver by the Administrative Agent or any Lender of any right or remedy hereunder or under any other Transaction Document if it is subsequently discovered that any such Subject Policy was not an Eligible Policy as of the Initial Closing Date.
(f)    Delivery of Policies to Custodian.  All Subject Policies (except for Subject Policies set forth on Schedule 7.1(f)) were delivered to and were held by the Custodian and the Custodian has verified to the Administrative Agent in writing its receipt of all originals or copies certified by the applicable Issuing Insurance Companies of such Subject Policies by delivering the required certification pursuant to the terms of the Account Control Agreement.
(g)    Security Interest.  The Required Lenders were satisfied that the Liens and security interests created under and granted by the Transaction Documents (as defined in the Original Loan Agreement) were first priority perfected security interests and would not be subject to any other senior or pari passu Liens, security interests or any other Adverse Claims prior to or after the Initial Closing Date as determined in the Required Lenders’ sole discretion.

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(h)    No Material Change in Laws.  Since January 1, 2013, no material adverse change in any Applicable Law or any tax treatment of life insurance death benefits or proceeds had occurred or reasonably could have been expected to occur.
(i)    Collateral Assignment.  The Securities Intermediary or the Insurance Consultant had delivered to the related Issuing Insurance Companies a fully completed and executed collateral assignment in respect of each Subject Policy on the Initial Closing Date (except for Subject Policies set forth on the Initial Advance Lexington Schedule and the Subject Policy set forth on Schedule 7.1(a)(i)), naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee and the Administrative Agent received verbal confirmation from each of the related Issuing Insurance Companies that all such collateral assignments had been received by such Issuing Insurance Companies.
(j)    Acknowledgements.  The Securities Intermediary delivered written confirmation to the Administrative Agent that it had received an Acknowledgement for each Subject Policy and had credited each Subject Policy to the Policy Account and the Securities Intermediary delivered copies of each such Acknowledgement to the Administrative Agent.
(k)    Reserved.
(l)    No Event of Default or Unmatured Event of Default.  No Event of Default or Unmatured Event of Default which had not been waived in writing by the Required Lenders had occurred and was continuing or resulted from the making of the Initial Advance.
(m)    Borrowing Request; etc.  The Administrative Agent received a Borrowing Request (including (i) a confirmation that the Collateral Packages for the Subject Policies (taking into account the exceptions noted on Schedules V, VI, VII, VIII, IX, X and XI to the Account Control Agreement) had been uploaded to the FTP Site, and (ii) the Borrowing Base Certificate) for the Initial Advance (which may have been an electronic or facsimile transmission).
(n)    Insurance Consultant.  The Borrower had executed and delivered or caused all necessary third parties to execute and deliver, all documentation and authorizations necessary for the Insurance Consultant to communicate and receive verifications of coverage and obtain other information from the Issuing Insurance Companies related to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion.
(o)    Third Party Releases.  The Borrower had executed and delivered or caused all necessary third parties to execute and deliver releases of Adverse Claims with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the Initial Closing Date.
Section 7.2    Conditions Precedent to each Ongoing Maintenance Advance.  The making of each Ongoing Maintenance Advance is subject to the following further conditions precedent:

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(a)    Representations and Covenants.  On and as of the date of such Ongoing Maintenance Advance: (i) the representations of each of the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, Imperial, the Portfolio Manager, the Servicer, the Guarantor, the Initial Servicer, the Initial Portfolio Manager, the Securities Intermediary and the Custodian set forth in the Transaction Documents shall be true and correct in all material respects with the same effect as if made on such date, and (ii) each of the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, Imperial, the Portfolio Manager, the Servicer, the Initial Servicer, the Initial Portfolio Manager, the Guarantor, the Securities Intermediary and the Custodian shall be in compliance with the covenants set forth in the Transaction Documents to which it is a party.
(b)    No Event of Default or Unmatured Event of Default.  No Event of Default or Unmatured Event of Default which has not been waived in writing by the Required Lenders shall have occurred and be continuing or will result from the making of such Ongoing Maintenance Advance under any of the Transaction Documents.
(c)    Borrowing Request; etc.  The Administrative Agent shall have received a Borrowing Request (including the Borrowing Base Certificate) for such Ongoing Maintenance Advance.
(d)    Commitment Termination Date.  The Commitment Termination Date shall not have occurred.
(e)    Material Adverse Effect.  No event has occurred during the shorter of (i) the three (3) year period preceding the date of such Ongoing Maintenance Advance and (ii) the period of time commencing on the Initial Closing Date and ending on the date of such Ongoing Maintenance Advance, that could reasonably be expected to have a Material Adverse Effect.
(f)    Borrowing Base.  The Ongoing Maintenance Advance shall not exceed an amount such that the Ongoing Maintenance Advance, when taken together with the outstanding balance of all previous Advances, would cause the aggregate outstanding balance of the Advances to exceed the Borrowing Base as of the date of such Ongoing Maintenance Advance.
(g)    No Liens; First Priority Security Interest.  There shall be no encumbrance or Lien on any of the Collateral or the Pledged Interests other than Liens or encumbrances created or expressly permitted under the Transaction Documents.
(h)    Transaction Documents.  Each of the Transaction Documents shall be in full force and effect.
(i)    No Material Change in Laws.  Since the shorter of (i) the three (3) year period preceding the date of such Ongoing Maintenance Advance and (ii) the period of time commencing on the Initial Closing Date and ending on the date of such Ongoing Maintenance Advance, no material adverse change in any Applicable Law or any tax treatment of life insurance death benefits or proceeds has occurred or reasonably could be expected to occur that would in the reasonable judgment of the Required Lenders (i) materially impair the collectability of a Pledged 

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Policy for which the Premiums will be funded with the proceeds of such Ongoing Maintenance Advance or (ii) make such Ongoing Maintenance Advance or any of the outstanding Advances illegal.
(j)    Fees.  All Fees due and payable shall have been paid.
(k)    Cash Interest Coverage Ratio Reporting Requirements.  The Borrower shall have delivered to the Administrative Agent a certification from a director or officer of EMG that includes a calculation of the Cash Interest Coverage Ratio as of the date of the making of such Ongoing Maintenance Advance (which certification shall include, without limitation, all information necessary in order to enable the Administrative Agent to independently make such calculation) and identifies the lowest amount the Cash Interest Coverage Ratio has ever been since the date of the making of the most recent Ongoing Maintenance Advance.
Section 7.3    Conditions Precedent to each Additional Policy Advance.  The making of each Additional Policy Advance is subject to the following further conditions precedent:
(a)    Representations and Covenants.  On and as of the date of such Additional Policy Advance: (i) the representations of each of the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, Imperial, the Portfolio Manager, the Servicer, the Initial Servicer, the Initial Portfolio Manager, the Guarantor, the Custodian and the Securities Intermediary set forth in the Transaction Documents shall be true and correct in all material respects with the same effect as if made on such date, and (ii) each of the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, Imperial, the Portfolio Manager, the Servicer, the Initial Servicer, the Initial Portfolio Manager, the Guarantor, the Custodian and the Securities Intermediary shall be in compliance with the covenants set forth in the Transaction Documents to which it is a party.
(b)    No Event of Default or Unmatured Event of Default.  No Event of Default or Unmatured Event of Default which has not been waived in writing by the Required Lenders shall have occurred and be continuing or will result from the making of such Additional Policy Advance under any of the Transaction Documents.
(c)    Borrowing Request; etc.  The Administrative Agent shall have received a Borrowing Request (including (i) a confirmation that the Collateral Packages for the Subject Policies have been uploaded to the FTP Site and (ii) the Borrowing Base Certificate) for such Additional Policy Advance (which may be an electronic or facsimile transmission followed by actual delivery of the original Custodial Packages to the Custodian).
(d)    Commitment Termination Date.  The Commitment Termination Date shall not have occurred.
(e)    Material Adverse Effect.  No event has occurred during the shorter of (i) the three (3) year period preceding the date of such Additional Policy Advance and (ii) the period of time commencing on the Initial Closing Date and ending on the date of such Additional Policy Advance, that could reasonably be expected to have a Material Adverse Effect with respect to the 

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Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial or any of the Collateral or the Pledged Interests.
(f)    Borrowing Base.  The Additional Policy Advance shall not exceed an amount such that the Additional Policy Advance, when taken together with the outstanding balance of all previous Advances, would cause the aggregate outstanding balance of the Advances to exceed the Borrowing Base as of the date of such Additional Policy Advance, and the calculation of the Lender Valuation shall include the Subject Policies.
(g)    No Liens; First Priority Security Interest.  There shall be no encumbrance or Lien on any of the Collateral, the Additional Policies or the Pledged Interests other than Liens or encumbrances created or permitted under the Transaction Documents. Furthermore, from and after the related Subsequent Advance Date, the Administrative Agent, for the benefit of the Secured Parties, shall have a first priority perfected security interest in, and assignment of, all of the Borrower’s rights, titles and interests (through the Securities Intermediary) in, to and under the Additional Policies.
(h)    Transaction Documents.  Each of the Transaction Documents shall be in full force and effect.
(i)    Insurance Consultant Report.  The Administrative Agent shall have received a report from the Insurance Consultant, in form and substance satisfactory to the Required Lenders in their sole discretion, regarding the value of the Collateral.
(j)    Annual Budget.  The Borrower shall have produced an Annual Budget with respect to the Additional Policies, in form and substance reasonably acceptable to the Administrative Agent and the Insurance Consultant.
(k)    No Material Change in Laws.  Since the shorter of (i) the three (3) year period preceding the date of such Additional Policy Advance and (ii) the period of time commencing on the Initial Closing Date and ending on the date of such Additional Policy Advance, no material adverse change in any Applicable Law or any tax treatment of life insurance death benefits or proceeds has occurred or reasonably could be expected to occur that would in the reasonable judgment of the Required Lenders (i) materially impair the collectability of any Subject Policy or (ii) make such Additional Policy Advance or any of the outstanding Advances illegal.
(l)    Eligible Policies.  Each of the Additional Policies being funded on the related Subsequent Advance Date shall be an Eligible Policy, as determined by the Required Lenders in their sole discretion.
(m)    Fees.  All Fees due and payable shall have been paid.
(n)    Lender Approval.  Each Lender’s executive loan committee or similar governing body shall have approved such Additional Policy Advance, which approval may be withheld or granted in such executive loan committee’s or similar governing body’s sole discretion; provided however, that each Lender’s funding of such Additional Policy Advance shall be deemed 

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to demonstrate approval of such Additional Policy Advance by such Lender’s executive loan committee or similar governing body.
(o)    Collateral Assignment.  The Borrower shall have delivered to the Securities Intermediary a fully completed and executed collateral assignment in respect of each Additional Policy on such Advance Date, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee.
(p)    Delivery of Policies to Custodian.  All Additional Policies, and all documents comprising the related Custodial Packages (including all originals thereof), have been delivered to and are held by the Custodian, including evidence that all Premiums necessary to keep such Additional Policies in force have been paid through the period of time commencing on the proposed Subsequent Advance Date and ending thirty (30) days thereafter, and the Custodian has verified to the Administrative Agent in writing its receipt of all documents required to be contained in the related Custodial Package by delivering the required certification pursuant to the terms of the Account Control Agreement.
(q)    Acknowledgements.  The Securities Intermediary shall have delivered written confirmation to the Administrative Agent that it has received an Acknowledgement for each Subject Policy and has credited each Subject Policy to the Policy Account and the Securities Intermediary shall have delivered copies of each such Acknowledgement to the Administrative Agent.
(r)    Change Forms.  The Securities Intermediary shall confirm to the Administrative Agent in writing that it is holding completed Change Forms with respect to the Subject Policies executed by the Securities Intermediary in blank and the Administrative Agent shall have received copies of such Change Forms.
(s)    Insurance Consultant.  The Borrower shall have executed and delivered or caused all relevant third parties to execute and deliver all documentation and authorizations necessary for the Insurance Consultant to communicate and receive verifications of coverage and obtain other information from the Issuing Insurance Companies related to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion.
(t)    Third Party Releases.  The Borrower shall have executed and delivered or caused all relevant third parties to execute and deliver all necessary releases of Adverse Interests with respect to the Subject Policies, as determined by the Administrative Agent in its sole and absolute discretion and specified to the Borrower in writing prior to the relevant Advance Date.
(u)    Opinions of Counsel.  Opinions of Counsel related to certain bankruptcy matters with respect to the transactions contemplated by the LP Parent Contribution Agreement and the Predecessor Parent Pledgor LP Contribution Agreement, including, without limitation, true sale and non-consolidation matters.

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Section 7.4    Conditions Precedent to First Advance Following the Original Amended and Restated Closing Date.  In addition to the conditions precedent set forth in Section 7.2 and Section 7.3, as applicable, the making of the first Advance following the Original Amended and Restated Closing Date was subject to the following further conditions precedent:
(a)    Closing Documents.  The Administrative Agent received all of the following, each duly executed and dated as of the Original Amended and Restated Closing Date, in form and substance satisfactory to the Required Lenders:
(i)    Transaction Documents.  Duly executed and delivered counterparts of the Original Amended and Restated Loan Agreement and each other Transaction Document (as defined in the Original Amended and Restated Loan Agreement), which agreements were in full force and effect.
(ii)    Resolutions; Organizational Documentation.  Certified copies of resolutions for the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Servicer authorizing or ratifying the execution, delivery and performance of each Transaction Document (as defined in the Original Amended and Restated Loan Agreement) to which it was, or would be, a party, together with certified copies of the Borrower Organizational Documents and in the case of the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Servicer, certified copies of their respective certificates of formation and limited liability company agreements or limited partnership agreements, as applicable.
(iii)    Consents, etc.  Certified copies of all documents evidencing any necessary consents and governmental approvals required by the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, Imperial, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Servicer with respect to each Transaction Document (as defined in the Original Amended and Restated Loan Agreement) to which it was, or would be, a party (including, without limitation, any and all approvals required for the Borrower, the Portfolio Manager, the Initial Servicer, the Initial Portfolio Manager or the Servicer to service the Collateral).
(iv)    Incumbency and Signatures.  A certificate of each of the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Servicer, certifying the names of its members, managers, directors or officers authorized to sign each Transaction Document (as defined in the Original Amended and Restated Loan Agreement) to which it is, or will be, a party.
(v)    Good Standing Certificates.  Good standing certificates or equivalent certificates for each of the Borrower, the Assignor, the Predecessor Parent Pledgor, the Parent Pledgors, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Servicer issued as of a recent date acceptable to the Administrative Agent by: (i) the Secretary of State (or similar governmental authority) of the jurisdiction of such Person’s 

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formation, and (ii) the Secretary of State (or similar governmental authority) of the jurisdiction where such Person’s chief executive office and principal place of business are located.
(vi)    Financing Statements.  Copies of UCC-1 financing statements and any UCC-3 financing statement amendments, as applicable, and a form C-1 suitable for filing with the Irish Register of Companies, in form and substance satisfactory to Administrative Agent, to be filed on or before the Original Amended and Restated Closing Date, naming each of the Borrower, the Assignor, the Predecessor Parent Pledgor and the Parent Pledgors as debtor, and, as appropriate, the Administrative Agent, for the benefit of the Secured Parties, as secured party.
(vii)    Lien Search Report.  Results of completed UCC and tax and judgment lien searches or their equivalent for the jurisdictions of formation and chief executive office of the Borrower, the Assignor, each Parent Pledgor and the Predecessor Parent Pledgor dated within two (2) weeks before the Original Amended and Restated Closing Date that named the Borrower, the Assignor, each Parent Pledgor and the Predecessor Parent Pledgor as debtor (none of which showed any of the Collateral or the Pledged Interests subject to any Liens other than those created pursuant to the Transaction Documents (as defined in the Original Amended and Restated Loan Agreement)).
(viii)    Payment of Fees.  Evidence (which may be in the form of one or more wire instructions and/or confirmations) that all Fees and other costs and expenses then due and payable under the Original Amended and Restated Loan Agreement or under any other Transaction Document (as defined in the Original Amended and Restated Loan Agreement) had been paid or were be paid out of the proceeds of the first Advance following the Original Amended and Restated Closing Date.
(ix)    Opinions of Counsel.  Opinions of counsel to the Borrower, the Assignor, the Parent Pledgors, the Predecessor Parent Pledgor, the Servicer, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager, the Custodian and the Securities Intermediary, in form and substance satisfactory to the Administrative Agent.
(x)    Accounts.  Evidence that the Accounts and the Policy Account had been established in accordance with the Transaction Documents.
(xi)    Solvency Certificate.  A certificate of solvency executed by the chief financial officer of the GP Parent or its managing member on behalf of the GP Parent certifying that the Borrower was Solvent.
(xii)    Others.  Such other documents as the Administrative Agent may have reasonably requested prior to the Original Amended and Restated Closing Date.
(b)    Transaction Documents.  Each of the Transaction Documents (as defined in the Original Amended and Restated Loan Agreement) were in form and substance satisfactory to the Required Lenders in their sole discretion, and all consents, waivers and approvals necessary for the consummation of the transactions contemplated thereby were obtained.

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Section 7.5    Conditions Precedent to First Advance Following the Second Amended and Restated Closing Date.  In addition to the conditions precedent set forth in Section 7.2 and Section 7.3, as applicable, the making of the first Advance following the Second Amended and Restated Closing Date is subject to the following further conditions precedent:
(a)    Closing Documents.  The Administrative Agent shall have received all of the following, each duly executed and dated as of the Second Amended and Restated Closing Date, in form and substance satisfactory to the Required Lenders:
(i)    Transaction Documents.  Duly executed and delivered counterparts of this Loan Agreement and the Account Control Agreement, which agreements shall be in full force and effect.
(ii)    Resolutions; Organizational Documentation.  Certified copies of resolutions for the Borrower, the Portfolio Manager, the Guarantor, the Initial Servicer and the Initial Portfolio Manager authorizing or ratifying the execution, delivery and this Loan Agreement and the Account Control Agreement, as applicable, together with certified copies of the Borrower Organizational Documents and in the case of the Portfolio Manager, the Guarantor, the Initial Servicer and the Initial Portfolio Manager, certified copies of their respective certificates of formation and limited liability company agreements or limited partnership agreements, as applicable.
(iii)    Consents, etc.  Certified copies of all documents evidencing any necessary consents and governmental approvals required by the Borrower, the Portfolio Manager, the Guarantor, the Initial Servicer and the Initial Portfolio Manager with respect to this Loan Agreement and the Account Control Agreement, as applicable (including, without limitation, any and all approvals required for the Borrower, the Portfolio Manager, the Initial Servicer or the Initial Portfolio Manager to service the Collateral).
(iv)    Incumbency and Signatures.  A certificate of each of the Borrower, the Portfolio Manager, the Guarantor, the Initial Servicer and the Initial Portfolio Manager, certifying the names of its members, managers, directors or officers authorized to sign each of this Loan Agreement and the Account Control Agreement, as applicable.
(v)    Good Standing Certificates.  Good standing certificates or equivalent certificates for each of the Borrower, the Portfolio Manager, the Guarantor, the Initial Servicer and the Initial Portfolio Manager issued as of a recent date acceptable to the Administrative Agent by: (i) the Secretary of State (or similar governmental authority) of the jurisdiction of such Person’s formation, and (ii) the Secretary of State (or similar governmental authority) of the jurisdiction where such Person’s chief executive office and principal place of business are located.
(vi)    Lien Search Report.  Results of completed UCC and tax and judgment lien searches or their equivalent for the jurisdictions of formation and chief executive office of the Borrower dated within two (2) weeks before the Second Amended and Restated Closing Date that name the Borrower as debtor (none of which shall show any of the Collateral or the Pledged Interests subject to any Liens other than those created pursuant to the Transaction Documents).

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(vii)    Payment of Fees.  Evidence (which may be in the form of one or more wire instructions and/or confirmations) that all Fees and other costs and expenses then due and payable hereunder or under any other Transaction Document have been paid or will be paid out of the proceeds of the first Advance following the Second Amended and Restated Closing Date.
(viii)    Opinions of Counsel.  Opinions of counsel to the Borrower the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager, the
Custodian and the Securities Intermediary, in form and substance satisfactory to the Administrative Agent.
(ix)    Accounts.  Evidence that the Accounts and the Policy Account have been established in accordance with the Transaction Documents.
(x)    Solvency Certificate.  A certificate of solvency executed by the chief financial officer of the GP Parent or its managing member on behalf of the GP Parent certifying that the Borrower is Solvent.
(xi)    Others.  Such other documents as the Administrative Agent may reasonably request prior to the Second Amended and Restated Closing Date.
(b)    Transaction Documents.  Each of the Transaction Documents shall be in form and substance satisfactory to the Required Lenders in their sole discretion, and all consents, waivers and approvals necessary for the consummation of the transactions contemplated thereby shall have been obtained and shall be in full force and effect.
                    
    
      ARTICLE VIII     
REPRESENTATIONS AND WARRANTIES
Section 8.1    Representations and Warranties of the Borrower.  The Borrower makes the following representations and warranties to the Administrative Agent and each Lender:
(a)    Organization, etc.  The Borrower has been duly organized and is validly existing and in good standing under the laws of the State of Delaware (and is not organized under the laws of any other jurisdiction or Governmental Authority) with the requisite power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. The Borrower is duly licensed or qualified to do business as a foreign entity in good standing in each jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Borrower or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.

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(b)    Power and Authority; Due Authorization.  The Borrower has (a) all necessary power, authority and legal right to (i) execute, deliver and perform its obligations under this Loan Agreement and each of the other Transaction Documents to which it is a party, and (ii) to borrow moneys on the terms and subject to the conditions herein provided, and (b) duly authorized, by all necessary action, the execution, delivery and performance of this Loan Agreement and the other Transaction Documents to which it is a party, the borrowing hereunder on the terms and conditions of this Loan Agreement and the granting of security therefor on the terms and conditions provided herein.
(c)    No Violation.  The consummation of the transactions contemplated by this Loan Agreement and the other Transaction Documents and the fulfillment of the terms hereof and thereof will not and do not (a) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, (i) the Borrower Organizational Documents, or (ii) any material agreement or instrument to which the Borrower is a party or by which it or any of its properties is bound, (b) result in or require the creation or imposition of any Adverse Claim upon any of its properties pursuant to the terms of any such material agreement or instrument or (c) violate any Applicable Law.
(d)    Validity and Binding Nature.  This Loan Agreement is, and the other Transaction Documents to which it is a party when duly executed and delivered by the Borrower and the other parties thereto will be, the legal, valid and binding obligation of the Borrower, enforceable in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and by general principles of equity.
(e)    Government Approvals.  No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body required for the due execution, delivery or performance by the Borrower of any Transaction Document to which it is a party, remains or remained unobtained or unfiled.
(f)    Solvency.  As of each Advance Date, after giving effect to each Advance made on such Advance Date, the Borrower was, is and will be Solvent and able to pay its debts as they come due, and had, has and will have adequate capital to conduct its business.
(g)    Margin Regulations.  The Borrower is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock, and no proceeds of any Advances, directly or indirectly, will be used for a purpose that violates, or would be inconsistent with, Regulations T, U and X promulgated by the Federal Reserve Board from time to time.
(h)    Quality of Title.  As of each Advance Date, the Collateral, including, without limitation, the Pledged Policies, was and is owned by the Borrower (directly or through the Securities Intermediary) free and clear of any Adverse Claim. As of the date of any Additional Policy Advance made pursuant to a Borrowing Request, the Subject Policies are owned by the Borrower (directly or through the Securities Intermediary) free and clear of any Adverse Claim.

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(i)    No Rescission.  As of each Advance Date, no prior seller of any Pledged Policy or Subject Policy (if applicable) had or has exercised or, to the knowledge of the Borrower after reasonable investigation, attempted to exercise the right to rescind any transfer of such Policy, except with respect to any Pledged Policy or Subject Policy identified on Schedule 8.1(i), in which case, such prior seller subsequently abandoned such exercise or attempt to exercise (in exchange for specific compensation or such prior seller litigated such attempt to exercise and an unfavorable judgment or verdict was rendered against such prior seller and is not subject to a pending appeal or dispute, as indicated on Schedule 8.1(i)).
(j)    Perfection.  This Loan Agreement, the Borrower Interest Pledge Agreement, the Account Control Agreement and the financing statements and form C-1 filed in connection with this Loan Agreement create a valid first priority security interest in favor of the Administrative Agent (for the benefit of the Secured Parties) in the Collateral (excluding each of the Subject Policies set forth on Eligibility Criteria Clause (a) Schedule until the Securities Intermediary is designated as the “owner” and “beneficiary” under such Pledged Policy by the related Issuing Insurance Company), which security interest has been perfected (free and clear of any Adverse Claim) as security for the Obligations. As of the Initial Closing Date, no effective financing statement or other instrument similar in effect covering any of the Collateral or any interest therein owned by the Borrower (directly or through the Securities Intermediary) was on file in any recording office except for financing statements in favor of the Administrative Agent (for the benefit of the Secured Parties) in accordance with the Original Loan Agreement and the other Transaction Documents (as defined in the Original Loan Agreement). As of the Original Amended and Restated Closing Date, no effective financing statement or other instrument similar in effect covering any of the Collateral or any interest therein owned by the Borrower (directly or through the Securities Intermediary) was on file in any recording office except for financing statements in favor of the Administrative Agent (for the benefit of the Secured Parties) in accordance with the Original Amended and Restated Loan Agreement and the other Transaction Documents (as defined in the Original Amended and Restated Loan Agreement). As of the Second Amended and Restated Closing Date, no effective financing statement or other instrument similar in effect covering any of the Collateral or any interest therein owned by the Borrower (directly or through the Securities Intermediary) is on file in any recording office except for financing statements in favor of the Administrative Agent (for the benefit of the Secured Parties) in accordance with this Loan Agreement and the other Transaction Documents. As of the date of any Additional Policy Advance made pursuant to a Borrowing Request, no effective financing statement or other instrument similar in effect covering any of the Subject Policies will be on file in any recording office except for financing statements in favor of the Administrative Agent (for the benefit of the Secured Parties) in accordance with this Loan Agreement and the other Transaction Documents.
(k)    Offices.  The principal place of business and chief executive office of the Borrower, the Assignor, the Predecessor Parent Pledgor, each Parent Pledgor and Imperial is located at the address set forth on Schedule 13.2 (or at such other locations, notified to the Administrative Agent in jurisdictions where all action required hereby has been taken and completed).
(l)    Compliance with Applicable Laws; Licenses, etc.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(i)    The Borrower is in compliance with the requirements of all Applicable Laws, a breach of any of which, individually or in the aggregate, could reasonably be expected to have an adverse effect on any of the Pledged Policies, the business, assets, financial condition or operations of the Borrower or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(ii)    The Borrower has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain could reasonably be expected to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Borrower or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(iii)    The Borrower has complied with all licensure requirements in each state in which it is required to be specifically registered or licensed as a purchaser, owner or servicer of life insurance policies.
(iv)    There has been no event or circumstance that could reasonably be expected to result in the revocation of any license, permit, franchise or other governmental authorization of the Borrower necessary to the ownership of its properties or to the conduct of its business.
(m)    No Proceedings.  Except as set forth on Schedule 8.1(m), there is no order, judgment, decree, injunction, stipulation or consent order of or with any Governmental Authority to which the Borrower is subject, and there is no action, suit, arbitration, regulatory proceeding or investigation pending, or, to the actual knowledge of the Borrower, threatened, before or by any court, regulatory body, administrative agency or other tribunal or governmental instrumentality, against the Borrower that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Borrower or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document; and there is no action, suit, proceeding, arbitration, regulatory or governmental investigation, pending or, to the actual knowledge of the Borrower, threatened, before or by any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality (A) asserting the invalidity of this Loan Agreement, the Lender Notes or any other Transaction Document, (B) seeking to prevent the issuance of the Lender Notes or the consummation of any of the other transactions contemplated by this Loan Agreement or any other Transaction Document, (C) seeking to adversely affect the federal income tax attributes of the Borrower or (D) asserting that any Pledged Policy or Policy to become a Pledged Policy is invalid, void or otherwise unenforceable for any reason.
(n)    Investment Company Act, Etc.  The Borrower is not an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, by virtue of an exemption other than pursuant to 

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Section 3(c)(1) or Section 3(c)(7) thereof.  The Borrower is not a “covered fund” under Section 13 of the Bank Holding Company Act of 1956, as amended.
(o)    Eligible Policies.  As of the Initial Closing Date, each Pledged Policy was an Eligible Policy.  As of December 29, 2016, each Additional Policy that became a Pledged Policy on such date was an Eligible Policy. As of the date of any Borrowing Request relating to any other Additional Policy Advance and the date of such Additional Policy Advance, each Additional Policy that will become a Pledged Policy on the relevant Advance Date is or will be an Eligible Policy.
(p)    Accuracy of Information.  To the best of the Borrower’s knowledge and belief, after due inquiry, and in reliance on information provided by third parties (as to the accuracy or completeness of which the Borrower is not liable and has expressed no opinion or made any representation or warranty), all information furnished by, or on behalf of, the Borrower to the Administrative Agent or any other Secured Party in connection with any Transaction Document, or any transaction contemplated thereby, is or was as of the date it was furnished (if such information was furnished on an earlier date) true and accurate in every material respect (without omission of any information necessary to prevent such information from being materially misleading).
(q)    No Material Adverse Change.  Except as set forth on Schedule 8.1(q), since March 27, 2013, there has been no material adverse change in (A) the Borrower’s (i) financial condition, business, operations or prospects or (ii) ability to perform its obligations under any Transaction Document to which the Borrower is a party, (B) any of the Collateral or (C) any of the Pledged Interests.
(r)    Trade Names and Subsidiaries.  Other than the name White Eagle Asset Portfolio, LLC, the Borrower has not used any other names, trade names or assumed names for the five year period preceding the Original Amended and Restated Closing Date (and has not used any other names, trade names or assumed names since such date). The Borrower has no Subsidiaries and does not own or hold, directly or indirectly, any equity interest in any Person.
(s)    Accounts.  Set forth in Schedule 8.1(s) is a complete and accurate description, as of the Second Amended and Restated Closing Date, of the existing Accounts and the Policy Account.  The Accounts and the Policy Account have each been validly and effectively collaterally assigned to the Administrative Agent, for the benefit of the Secured Parties, and shall be encumbered by the Lien created pursuant to this Loan Agreement and the Account Control Agreement. The Account Control Agreement is the legal, valid and binding obligation of the parties thereto, enforceable against such parties in accordance with their respective terms (except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and by general principles of equity).  None of the Borrower, the Servicer (if an Affiliated Entity), the Guarantor, the Initial Servicer, the Initial Portfolio Manager or the Portfolio Manager has granted any interest in the Accounts or the Policy Account to any Person other than the Administrative Agent and the Administrative Agent has “control” of the Accounts and the Policy Account within the meaning of the applicable UCC.  To the Borrower’s actual knowledge, the Servicer (if not an Affiliated Entity) has not granted any interest in the Accounts or the Policy Account to any Person other than the Administrative Agent.

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(t)    Financial Statements.  The financial statements required to be delivered pursuant to Section 9.1(d): (i) were, as of the date and for the periods referred to therein, complete and correct in all respects, (ii) presented fairly the financial condition and results of operations of the related Person as at such time and (iii) were prepared in accordance with GAAP, consistently applied, except as noted therein (subject as to interim statements to normal year-end adjustments).
(u)    No Event of Default.  Except as set forth on Schedule 8.1(u), no Event of Default or Unmatured Event of Default has occurred or is continuing, or, in relation to any Borrowing Request, will result from the funding of the Advance and use of funds specified therein.
(v)    Foreign Assets Control Regulations, Etc.
(i)    None of the Borrower, the Predecessor Parent Pledgor, the Parent Pledgors, the Portfolio Manager or the Guarantor nor any Affiliate of any of them or of Imperial is (A) a person whose name appears on the list of Specially Designated Nationals and Blocked Persons published by the Office of Foreign Assets Control, U.S. Department of Treasury (“OFAC”) (an “OFAC Listed Person”) or (B) a department, agency or instrumentality of, or is otherwise controlled by or acting on behalf of, directly or indirectly, (x) any OFAC Listed Person or (y) any person, entity, organization, foreign country or regime that is subject to any OFAC Sanctions Program (each OFAC Listed Person and each other person, entity, organization and government of a country described in clause (B), a “Blocked Person”).
(ii)    No part of the proceeds from the Advances issued hereunder, under the Original Loan Agreement or under the Original Amended and Restated Loan Agreement constituted or constitutes or will constitute funds obtained on behalf of any Blocked Person or was used or will otherwise be used, directly or indirectly by the Borrower, the Parent Pledgors, the Predecessor Parent Pledgor, the Initial Servicer, the Portfolio Manager, the Initial Portfolio Manager, Imperial, the Guarantor or any Affiliate of any of them, in connection with any investment in, or, to the Borrower’s actual knowledge, any transactions or dealings with, any Blocked Person.
(iii)    To the Borrower’s actual knowledge, none of the Borrower, the Parent Pledgors, the Predecessor Parent Pledgor, the Portfolio Manager, the Guarantor, Imperial or any Affiliate of any of them (A) is under investigation by any Governmental Authority for, or has been charged with, or convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under any Applicable Law (collectively, “Anti-Money Laundering Laws”), (B) has been assessed civil penalties under any Anti-Money Laundering Laws or (C) has had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Borrower has taken reasonable measures appropriate to the circumstances, to the extent, if any, required by Applicable Law, to ensure that the Borrower and each Affiliate thereof is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws.
(iv)    No part of the proceeds from Advances funded hereunder were used or will be used, directly or indirectly, for any improper payments to any governmental official or employee, political party, official of a political party, candidate for political office, official of any public international organization or anyone else acting in an official capacity, in order to obtain, 

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retain or direct business or obtain any improper advantage.  The Borrower has taken reasonable measures appropriate to the circumstances, to the extent, if any, required by Applicable Law, to ensure that the Borrower and each Affiliate thereof is and will continue to be in compliance with all applicable current and future anti-corruption laws and regulations.
(w)    Retained Death Benefit Policies.  As of the Second Amended and Restated Closing Date, all Pledged Policies that constitute Retained Death Benefit Policies are listed on Schedule 8.1(w) and the portion of the Net Death Benefit payable to any Person other than the Securities Intermediary does not exceed forty-five percent (45%) of the Net Death Benefit of any such Retained Death Benefit Policy. As of the date of any Additional Policy Advance made pursuant to a Borrowing Request, all Pledged Policies that are to be funded from such Advance that constitute Retained Death Benefit Policies are listed on Schedule 8.1(w), which also indicates the percentage of the Net Death Benefit of each such Retained Death Benefit Policy that is payable to any Person other than the Securities Intermediary.
(x)    Transaction Documents.  The Borrower has not entered into any agreements or instruments other than the Transaction Documents, except as approved in writing by the Required Lenders in their sole and absolute discretion.
(y)    Ownership of Borrower.  The Borrower is classified as either a disregarded entity or a partnership for United States federal income tax purposes. GP Parent is owned directly by LP Parent.  LP Parent owns all of the limited partnership interests in the Borrower. GP Parent owns all of the general partnership interests in the Borrower. LP Parent is a resident of Ireland and a qualified person within the meaning of the double tax treaty between Ireland and the United States with respect to taxes on income and capital gains.  Borrower will be treated as a fiscally transparent entity for Irish tax purposes with respect to at least 99.9% of its income, in that for Irish tax purposes LP Parent will be entitled to separately take into account on a current basis LP Parent’s share of every item of income paid to the Borrower, whether or not distributed to LP Parent, and the character and source of the item in the hands of LP Parent are determined as if such item were realized directly by LP Parent from the source from which realized by the Borrower. LP Parent qualifies for the benefits of the double tax treaty between Ireland and the United States with respect to income from sources within the United States. LP Parent is the owner of not less than 99.9% of the interests in the Borrower that are limited partnership interests or general partnership interests. Neither Borrower nor LP Parent is engaged in a trade or business through a permanent establishment in the United States within the meaning of the double tax treaty between Ireland and the United States.

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(z)    Collections.  At least 99.9% of all Collections are exempt from United States federal income tax under the double tax treaty between Ireland and the United States, both when paid to the Borrower and when paid by the Borrower to its partners.
(aa)    Withholding Tax.  As of the Original Amended and Restated Closing Date and any date prior to the date of any transfer or participation by the Initial Lender of any of its Advances, no amounts to be paid by the Borrower to the Administrative Agent or any Lender are or were subject to United States withholding tax so long as the representation of the Initial Lender made on the Original Amended and Restated Closing Date pursuant to Section 13.4 of the Original Amended and Restated Loan Agreement remains accurate.
(bb)    Irish Withholding Tax.  As of the Original Amended and Restated Closing Date and any date prior to the date of any transfer or participation by the Initial Lender of any of its Advances, no amounts to be paid by the Borrower to the Administrative Agent or the Initial Lender are or were subject to any withholding tax imposed by applicable authorities in Ireland so long as, with respect to the Initial Lender, the representation of the Initial Lender made on the Original Amended and Restated Closing Date pursuant to Section 13.4 of the Original Amended and Restated Loan Agreement would be accurate with respect to such Lender, and after any transfer or participation by the Initial Lender of any of its Advances, (i) no amounts to be paid by the Borrower to or for the benefit of the assignee or participant will be subject to any withholding tax imposed by applicable authorities in Ireland; provided that the Borrower shall not be in breach of the representation it makes pursuant to this clause (i) so long as (x) the Borrower is using reasonable commercial efforts to comply with the covenant set forth in Section 9.1(kk) hereof and compliance with such covenant will eliminate any withholding tax imposed by the applicable authorities in Ireland on any payments to be paid by the Borrower to or for the benefit of such assignee or participant and (y) the Borrower lists the Lender Notes related to such assignee or participant on the unregulated market of the Irish Stock Exchange plc or other appropriate stock exchange or takes such other actions described in Section 9.1(kk) within sixty (60) days after the date of the related transfer or participation and doing so eliminates any withholding tax imposed by the applicable authorities in Ireland on any payments to be paid by the Borrower to or for the benefit of such assignee or participant and (ii) no amounts to be paid by the Borrower to or for the benefit of the Initial Lender are subject to any withholding tax imposed by applicable authorities in Ireland so long as, with respect to the Initial Lender, the representation of the Initial Lender made on the Original Amended and Restated Closing Date pursuant to Section 13.4 of the Original Amended and Restated Loan Agreement would be accurate with respect to such Lender.
Section 8.2    Representations and Warranties of the Portfolio Manager.  The Portfolio Manager makes the following representations and warranties to the Administrative Agent and each Lender:
(a)    Organization, etc.  The Portfolio Manager has been duly organized and is validly existing and in good standing under the laws of the Islands of Bermuda (and is not organized under the laws of any other jurisdiction or Governmental Authority) with the requisite power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. The Portfolio Manager is duly licensed or qualified 

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to do business as a foreign entity in good standing in each jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Portfolio Manager or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(b)    Power and Authority; Due Authorization.  The Portfolio Manager has (a) all necessary power, authority and legal right to execute, deliver and perform its obligations under this Loan Agreement and each of the other Transaction Documents to which it is a party, and (b) duly authorized, by all necessary action, the execution, delivery and performance of this Loan Agreement and the other Transaction Documents to which it is a party.
(c)    No Violation.  The consummation of the transactions contemplated by this Loan Agreement and the other Transaction Documents and the fulfillment of the terms hereof and thereof will not and do not (a) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, (i) the constitutional documents of the Portfolio Manager, or (ii) any material agreement or instrument to which the Portfolio Manager is a party or by which it or any of its properties is bound, (b) result in or require the creation or imposition of any Adverse Claim upon any of its properties pursuant to the terms of any such material agreement or instrument or (c) violate any Applicable Law.
(d)    Validity and Binding Nature.  This Loan Agreement is, and the other Transaction Documents to which it is a party when duly executed and delivered by the Portfolio Manager and the other parties thereto will be, the legal, valid and binding obligation of the Portfolio Manager, enforceable in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and by general principles of equity.
(e)    Government Approvals.  No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body required for the due execution, delivery or performance by the Portfolio Manager of any Transaction Document to which it is a party, remains or remained unobtained or unfiled.
(f)    Margin Regulations.  The Portfolio Manager is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock.
(g)    Offices.  The principal place of business and chief executive office of the Portfolio Manager is located at the address set forth on Schedule 13.2 (or at such other locations, notified to the Administrative Agent in jurisdictions where all action required hereby has been taken and completed).
(h)    Compliance with Applicable Laws; Licenses, etc.
(i)    The Portfolio Manager is in compliance with the requirements of all Applicable Laws, a breach of any of which, individually or in the aggregate, could reasonably be expected to have an adverse effect on any of the Pledged Policies, the business, assets, financial 

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condition or operations of the Portfolio Manager or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(ii)    The Portfolio Manager has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain could reasonably be expected to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Portfolio Manager or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(iii)    The Portfolio Manager has complied with all licensure requirements in each state in which it is required to be specifically registered or licensed as a purchaser, owner or servicer of life insurance policies.
(iv)    There has been no event or circumstance that could reasonably be expected to result in the revocation of any license, permit, franchise or other governmental authorization of the Portfolio Manager necessary to the ownership of its properties or to the conduct of its business.
(i)    No Proceedings.  Except as set forth on Schedule 8.1(m), there is no order, judgment, decree, injunction, stipulation or consent order of or with any Governmental Authority to which the Portfolio Manager is subject, and there is no action, suit, arbitration, regulatory proceeding or investigation pending, or, to the actual knowledge of the Portfolio Manager, threatened, before or by any court, regulatory body, administrative agency or other tribunal or governmental instrumentality, against the Portfolio Manager that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Portfolio Manager or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document; and there is no action, suit, proceeding, arbitration, regulatory or governmental investigation, pending or, to the actual knowledge of the Portfolio Manager, threatened, before or by any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality (A) asserting the invalidity of this Loan Agreement or any other Transaction Document, (B) seeking to adversely affect the federal income tax attributes of the Portfolio Manager or (C) asserting that any Pledged Policy or Policy to become a Pledged Policy is invalid, void or otherwise unenforceable for any reason.
(j)    Investment Company Act, Etc.  The Portfolio Manager is not an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, by virtue of an exemption other than pursuant to Section 3(c)(1) or Section 3(c)(7) thereof.

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(k)    Accuracy of Information.  To the best of the Portfolio Manager’s knowledge and belief, after due inquiry, and in reliance on information provided by third parties (as to the accuracy or completeness of which the Portfolio Manager is not liable and has expressed no opinion or made any representation or warranty), all information furnished by, or on behalf of, the Portfolio Manager to the Administrative Agent or any other Secured Party in connection with any Transaction Document, or any transaction contemplated thereby, is or was as of the date it was furnished (if such information was furnished on an earlier date) true and accurate in every material respect (without omission of any information necessary to prevent such information from being materially misleading).
(l)    No Material Adverse Change.  Since March 27, 2013, there has been no material adverse change in (A) the Portfolio Manager’s (i) financial condition, business, operations or prospects or (ii) ability to perform its obligations under any Transaction Document to which the Portfolio Manager is a party, (B) any of the Collateral or (C) any of the Pledged Interests.
(m)    Trade Names and Subsidiaries.  The Portfolio Manager has not used any other names, trade names or assumed names for the five year period preceding the Original Amended and Restated Closing Date (and has not used any other names, trade names or assumed names since such date). The Portfolio Manager has no Subsidiaries and does not own or hold, directly or indirectly, any equity interest in any Person.
(n)    Foreign Assets Control Regulations, Etc.
(i)    The Portfolio Manager is not (A) an OFAC Listed Person or (B) a department, agency or instrumentality of, or is otherwise controlled by or acting on behalf of, directly or indirectly, any Blocked Person.
(ii)    To the Portfolio Manager’s actual knowledge, it (A) is not under investigation by any Governmental Authority for, or has been charged with, or convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under any Applicable Law, (B) has not been assessed civil penalties under any Anti-Money Laundering Laws or (C) has not had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. The Portfolio Manager has taken reasonable measures appropriate to the circumstances, to the extent, if any, required by Applicable Law, to ensure that the Portfolio Manager and each Affiliate thereof is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws.
(iii)    The Portfolio Manager has taken reasonable measures appropriate to the circumstances, to the extent, if any, required by Applicable Law, to ensure that the Portfolio Manager and each Affiliate thereof is and will continue to be in compliance with all applicable current and future anti-corruption laws and regulations.
Section 8.3    Representations and Warranties of the Guarantor, the Initial Servicer and the Initial Portfolio Manager.  Imperial Finance, in its capacities as the Guarantor, the Initial Servicer and the Initial Portfolio Manager, makes the following representations and warranties to the Administrative Agent and each Lender:

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(a)    Organization, etc.  Imperial Finance has been duly organized and is validly existing and in good standing under the laws of the State of Florida (and is not organized under the laws of any other jurisdiction or Governmental Authority) with the requisite power and authority to own its properties and to conduct its business as such properties are presently owned and such business is presently conducted. Imperial Finance is duly licensed or qualified to do business as a foreign entity in good standing in each jurisdiction in which the failure to be so licensed or qualified would be reasonably likely to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of Imperial Finance or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(b)    Power and Authority; Due Authorization.  Imperial Finance has (a) all necessary power, authority and legal right to execute, deliver and perform its obligations under this Loan Agreement and each of the other Transaction Documents to which it is a party, and (b) duly authorized, by all necessary action, the execution, delivery and performance of this Loan Agreement and the other Transaction Documents to which it is a party.
(c)    No Violation.  The consummation of the transactions contemplated by this Loan Agreement and the other Transaction Documents and the fulfillment of the terms hereof and thereof will not and do not (a) conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, (i) the organizational documents of Imperial Finance, or (ii) any material agreement or instrument to which Imperial Finance is a party or by which it or any of its properties is bound, result in or require the creation or imposition of any Adverse Claim upon any of its properties pursuant to the terms of any such material agreement or instrument or (c) violate any Applicable Law.
(d)    Validity and Binding Nature.  This Loan Agreement is, and the other Transaction Documents to which it is a party when duly executed and delivered by Imperial Finance and the other parties thereto will be, the legal, valid and binding obligation of Imperial Finance, enforceable in accordance with their respective terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar law affecting creditors’ rights generally and by general principles of equity.
(e)    Government Approvals.  No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body required for the due execution, delivery or performance by Imperial Finance of any Transaction Document to which it is a party, remains or remained unobtained or unfiled.
(f)    Margin Regulations.  Imperial Finance is not engaged in the business of extending credit for the purpose of purchasing or carrying margin stock.
(g)    Offices.  The principal place of business and chief executive office of Imperial Finance is located at the address set forth on Schedule 13.2 (or at such other locations, notified to the Administrative Agent in jurisdictions where all action required hereby has been taken and completed).

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(h)    Compliance with Applicable Laws; Licenses, etc.
(i)    Imperial Finance is in compliance with the requirements of all Applicable Laws, a breach of any of which, individually or in the aggregate, could reasonably be expected to have an adverse effect on any of the Pledged Policies, the business, assets, financial condition or operations of Imperial Finance or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(ii)    Imperial Finance has not failed to obtain any licenses, permits, franchises or other governmental authorizations necessary to the ownership of its properties or to the conduct of its business, which violation or failure to obtain could reasonably be expected to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of Imperial Finance or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(iii)    Imperial Finance has complied with all licensure requirements in each state in which it is required to be specifically registered or licensed as a purchaser, owner or servicer of life insurance policies.
(iv)    There has been no event or circumstance that could reasonably be expected to result in the revocation of any license, permit, franchise or other governmental authorization of Imperial Finance necessary to the ownership of its properties or to the conduct of its business.
(i)    No Proceedings.  Except as set forth on Schedule 8.1(m), there is no order, judgment, decree, injunction, stipulation or consent order of or with any Governmental Authority to which Imperial Finance is subject, and there is no action, suit, arbitration, regulatory proceeding or investigation pending, or, to the actual knowledge of Imperial Finance, threatened, before or by any court, regulatory body, administrative agency or other tribunal or governmental instrumentality, against Imperial Finance that, individually or in the aggregate, could reasonably be expected to have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of Imperial Finance or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document; and there is no action, suit, proceeding, arbitration, regulatory or governmental investigation, pending or, to the actual knowledge of Imperial Finance, threatened, before or by any court, regulatory body, administrative agency, or other tribunal or governmental instrumentality (A) asserting the invalidity of this Loan Agreement or any other Transaction Document, (B) except as set forth on Schedule 8.3(i), seeking to adversely affect the federal income tax attributes of Imperial Finance or (C) asserting that any Pledged Policy or Policy to become a Pledged Policy is invalid, void or otherwise unenforceable for any reason.

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(j)    Investment Company Act, Etc.  Imperial Finance is not an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, by virtue of an exemption other than pursuant to Section 3(c)(1) or Section 3(c)(7) thereof.
(k)    Accuracy of Information.  To the best of Imperial Finance’s knowledge and belief, after due inquiry, and in reliance on information provided by third parties (as to the accuracy or completeness of which Imperial Finance is not liable and has expressed no opinion or made any representation or warranty), all information furnished by, or on behalf of, Imperial Finance to the Administrative Agent or any other Secured Party in connection with any Transaction Document, or any transaction contemplated thereby, is or was as of the date it was furnished (if such information was furnished on an earlier date) true and accurate in every material respect (without omission of any information necessary to prevent such information from being materially misleading).
(l)    No Material Adverse Change.  Except as set forth on Schedule 8.3(l), since March 27, 2013, there has been no material adverse change in (A) Imperial Finance’s (i) financial condition, business, operations or prospects or (ii) ability to perform its obligations under any Transaction Document to which Imperial Finance is a party, (B) any of the Collateral or (C) any of the Pledged Interests.
(m)    Trade Names and Subsidiaries.  Imperial Finance has not used any other names, trade names or assumed names for the five year period preceding the Original Amended and Restated Closing Date (and has not used any other names, trade names or assumed names since such date). Imperial Finance has no Subsidiaries and does not own or hold, directly or indirectly, any equity interest in any Person.
(n)    Foreign Assets Control Regulations, Etc.
(i)    Imperial Finance is not (A) an OFAC Listed Person or (B) a department, agency or instrumentality of, or is otherwise controlled by or acting on behalf of, directly or indirectly, any Blocked Person.
(ii)    To Imperial Finance’s actual knowledge, it (A) is not under investigation by any Governmental Authority for, or has been charged with, or convicted of, money laundering, drug trafficking, terrorist-related activities or other money laundering predicate crimes under any Applicable Law, (B) has not been assessed civil penalties under any Anti-Money Laundering Laws or (C) has not had any of its funds seized or forfeited in an action under any Anti-Money Laundering Laws. Imperial Finance has taken reasonable measures appropriate to the circumstances, to the extent, if any, required by Applicable Law, to ensure that Imperial Finance and each Affiliate thereof is and will continue to be in compliance with all applicable current and future Anti-Money Laundering Laws.
(iii)    Imperial Finance has taken reasonable measures appropriate to the circumstances, to the extent, if any, required by Applicable Law, to ensure that Imperial Finance and each Affiliate thereof is and will continue to be in compliance with all applicable current and future anti-corruption laws and regulations.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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        ARTICLE IX     
COVENANTS
Section 9.1    Affirmative Covenants.  Until the first day following the date on which all of the Obligations (including, without limitation, the Aggregate Participation Interest) are performed and paid in full and this Loan Agreement is terminated, the Borrower (and with respect to Section 9.1(i), the Portfolio Manager, the Guarantor, the Initial Servicer and the Initial Portfolio Manager, with respect to Section 9.1(w), the Portfolio Manager and with respect to Section 9.1(jj), the Initial Servicer and the Portfolio Manager) hereby covenants and agrees as follows:
(a)    Compliance with Laws, Etc.  The Borrower shall comply in all material respects with all Applicable Laws.
(b)    Preservation of Existence.  The Borrower shall preserve and maintain its existence, rights, franchises and privileges, and sole jurisdiction of formation, and qualify and remain qualified in good standing as a foreign entity in each jurisdiction where the failure to preserve and maintain such existence, rights, franchises, privileges and qualifications could have a material adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, the business, assets, financial condition or operations of the Borrower or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(c)    Performance and Compliance with the Transaction Documents and Pledged Policies.  The Borrower shall timely and fully perform and comply in all material respects with all provisions, covenants and other promises required to be observed by it under the Transaction Documents and otherwise with respect to the Pledged Policies.
(d)    Reporting Requirements.  During the term of this Loan Agreement, the Borrower shall furnish or cause to be furnished to the Administrative Agent and each Lender:
(i)    (A) with respect to the Borrower (x) as soon as available and in any event within forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year of the Borrower, a copy of the unaudited financial statements of the Borrower, and so long as such unaudited financial statements are on a consolidated basis and include the Borrower, those of the Predecessor Parent Pledgor or the Parent Pledgors, as of the end of such month, certified by an officer or director of the Borrower, the Predecessor Parent Pledgor or the Parent Pledgors (which certification shall state that the related balance sheets and statements fairly present the financial condition and results of operations for such fiscal quarter and, if financial statements are publicly filed by Imperial pursuant to applicable securities laws, such certification shall be in the same form and scope as the relevant certification delivered in connection with such filing), delivery of which financial statements shall be accompanied by a certificate of such officer to the effect that no Event of Default or Unmatured Event of Default has occurred and is continuing or, if an Event of Default or Unmatured Event of Default has occurred and is continuing, specifying the details thereof and any action taken or proposed to be taken with respect thereto and (y) as soon as available, 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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and in any event within two-hundred seventy (270) days after the end of each fiscal year of the Borrower (commencing with the fiscal year ending in 2014), a copy of the audited annual balance sheet for such fiscal year of the Borrower, and so long as such audited annual balance sheet is on a consolidated basis and includes the Borrower, those of the Predecessor Parent Pledgor or the Parent Pledgors, as at the end of such fiscal year, together with the related audited statements of earnings, stockholders’ equity and cash flows for such fiscal year, certified by an officer or director of the Borrower, the Predecessor Parent Pledgor or the Parent Pledgors (which certification shall state that the related balance sheets and statements fairly present the financial condition and results of operations for such fiscal year, subject to year-end audit adjustments and, if financial statements are publicly filed by Imperial pursuant to applicable securities laws, such certification shall be in the same form and scope as the relevant certification delivered in connection with such filing), delivery of which balance sheets and statements shall be accompanied by a certificate of such officer to the effect that no Event of Default or Unmatured Event of Default has occurred and is continuing or, if an Event of Default or Unmatured Event of Default has occurred and is continuing, specifying the details thereof and any action taken or proposed to be taken with respect thereto and (B) if Imperial is no longer a Publicly Traded Company or if Imperial fails to timely make any necessary filings with the Securities and Exchange Commission, (x) as soon as available and in any event within forty-five (45) days after the end of each of the first three fiscal quarters of each fiscal year of Imperial, a copy of the unaudited financial statements of Imperial, as of the end of such month, certified by an officer or director of Imperial (which certification shall state that the related balance sheets and statements fairly present the financial condition and results of operations for such fiscal quarter  and, if financial statements are publicly filed by Imperial pursuant to applicable securities laws, such certification shall be in the same form and scope as the relevant certification delivered in connection with such filing) and (y) as soon as available, and in any event within two-hundred seventy (270) days after the end of each fiscal year of Imperial, a copy of the audited annual balance sheet for such fiscal year of Imperial as at the end of such fiscal year, together with the related audited statements of earnings, stockholders’ equity and cash flows for such fiscal year, certified by an officer or director of Imperial (which certification shall state that the related balance sheets and statements fairly present the financial condition and results of operations for such fiscal year, subject to year-end audit adjustments and, if financial statements are publicly filed by Imperial pursuant to applicable securities laws, such certification shall be in the same form and scope as the relevant certification delivered in connection with such filing);
(ii)    as soon as possible and in any event within two (2) Business Days after any officer of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, the Portfolio Manager, the Servicer, the Guarantor, the Initial Servicer or the Initial Portfolio Manager or Imperial has actual knowledge of, (A) the occurrence of an Event of Default or an Unmatured Event of Default, an officer’s certificate of the Borrower setting forth details of such event and the action that the Borrower proposes to take with respect thereto and (B) the downgrade, withdrawal or suspension of the financial strength rating of any Issuing Insurance Company, notice to the Administrative Agent thereof;
(iii)    a copy of the Servicer Report on each Servicer Report Date and a copy of the Initial Servicer Report on each Initial Servicer Report Date;

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(iv)    promptly, from time to time, such other information, documents, records or reports respecting the Collateral, the Subject Policies or the condition or operations, financial or otherwise, of the Borrower as the Administrative Agent may from time to time reasonably request in order to protect the interests of the Administrative Agent or any Lender under or as contemplated by this Loan Agreement and the other Transaction Documents, including but not limited to, upon each sale of a Pledged Policy, a report that shall include such information as the Administrative Agent shall reasonably request, calculated as of before such sale and after such sale, taking into account the application of the proceeds of such sale;
(v)    as soon as possible upon learning of the death of any Insured, an email notification to the Administrative Agent of (A) the identity of such Insured, (B) the cost basis (purchase price paid by the first person that purchased such Pledged Policy that was an Affiliate of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial or, if such Pledged Policy was acquired by such Affiliate in a foreclosure process, the amount of indebtedness allocated to such Pledged Policy by such Affiliate plus any additional accrued and unpaid interest thereon as of the date of foreclosure and, in each case, plus premiums paid thereon after the date of foreclosure or purchase, as applicable, and until the Initial    Closing Date) of the Pledged Policy relating to such Insured, (C) the Net Death Benefit of the Pledged Policy relating to such Insured, (D) the two (2) Life Expectancy Reports delivered with respect to such Insured relating to the applicable Advance and the names of the Pre- Approved Medical Underwriters which provided such Life Expectancy Reports, (E) the date the Pledged Policy was first acquired by an Affiliate of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial relating to such Insured and (F) the date of birth and date  of death of such Insured;
(vi)    no later than the Initial Closing Date, and thereafter on December 1 of each calendar year (including the current calendar year), an annual budget substantially in form of Exhibit E (each, an “Annual Budget”). Within five (5) Business Days of delivery of the first such Annual Budget, and thereafter within twenty (20) Business Days of delivery of each subsequent Annual Budget to the Administrative Agent and each Lender, the Required Lenders will specify to the Administrative Agent, and the Administrative Agent will advise the Borrower the amount they have approved in their sole discretion for funding through Advances and/or Collections in respect of Expenses and scheduled Premiums on the Pledged Policies for (a) in the case of the first such Annual Budget, the current calendar year, and (b) in the case of any subsequent Annual Budget the succeeding calendar year; provided that at any time, in their sole discretion, the Required Lenders may notify the Administrative Agent and Borrower that they approve increases in such amounts or direct decreases in such amounts; and
(vii)    no later than five (5) Business Days following the Partial Repayment Date, and within five (5) Business Days prior to the end of each calendar quarter thereafter, a schedule of Premiums on the Pledged Policies for the immediately succeeding calendar quarter.  Within ten (10) Business Days of delivery of each such schedule of Premiums, the Required Lenders will specify to the Administrative Agent, and the Administrative Agent will advise the Borrower whether they have approved such schedule of Premiums in their discretion, exercised in a commercially reasonable manner.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(e)    Use of Advances.  The Borrower shall use the proceeds of Advances in accordance with Section 2.8(a).
(f)    Separate Legal Entity.  The Borrower hereby acknowledges that each Lender and the Administrative Agent are entering into the transactions contemplated by this Loan Agreement and the other Transaction Documents in reliance upon the Borrower’s identity as a legal entity separate from its Affiliates and from Affiliates of Imperial.  Therefore, from and after the Initial Closing Date, the Borrower shall take all reasonable steps to continue the Borrower’s identity as a separate legal entity and to make it apparent to third Persons that the Borrower is an entity with assets and liabilities distinct from those of any other Person, and is not a division of any other Person. Without limiting the generality of the foregoing and in addition to and consistent with the covenant set forth in Section 9.1(b), the Borrower shall take such actions as shall be required in order that:
(i)    The Borrower will be a limited partnership whose primary activities are restricted in the Borrower Organizational Documents to owning Policies and certain related assets and financing the acquisition thereof and conducting such other activities as it deems necessary or appropriate to carry out its primary activities;
(ii)    At least one manager of the GP Parent (the “Independent Manager”) and at least one director of the LP Parent (the “Independent Director”) shall be an individual who (i) is not a present or former director, manager, officer, employee, supplier, customer or five percent (5%) beneficial owner of the outstanding equity interests of the Borrower, Parent Pledgors, Guarantor, Imperial or any Affiliate of any of them and (ii) has at least three years of employment experience with one or more entities with a national reputation and presence 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, and is currently employed by such an entity; provided, however, that an individual shall not be deemed to be ineligible to be an Independent Manager or an Independent Director solely because such individual serves or has served in the capacity of an “independent director” or similar capacity for special purpose entities formed by any Affiliate of the Borrower or Imperial. The organizational documents of the GP Parent, the LP Parent and Borrower shall provide that (i) in the case of the GP Parent, the approval of all managers, including the Independent Manager, and in the case of the LP Parent, the approval of all directors, including the Independent Director, and in the case of the Borrower, all managers of the GP Parent including the Independent Manager, shall be required in order to approve of such partner of the Borrower or the Borrower taking any action to cause the filing of, a voluntary bankruptcy petition with respect to the Borrower, and shall indicate that no such action by such partner of the Borrower or the Borrower is valid unless the Independent Manager or Independent Director, as indicated above, shall approve the taking of such action in writing prior to the taking of such action, and (ii) such provisions and such delegation cannot be rescinded or amended without the prior written consent of the Independent Manager or Independent Director, as appropriate;
(iii)    Any employee, consultant or agent of the Borrower will be compensated from funds of the Borrower, as appropriate, for services provided to the Borrower;

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(iv)    To the extent, if any, that the Borrower and any other Person share items of expenses such as legal, auditing and other professional services, such expenses will be allocated to each of them on a reasonable and fair basis;
(v)    The Borrower shall hold itself out as a separate entity;
(vi)    The Borrower will maintain books and records separately from those of any other Person, including all of its partners;
(vii)    The Borrower shall pay its own material liabilities out of its own funds;
(viii)    The Borrower shall not acquire any obligations or securities of its partners or shareholders;
(ix)    All audited financial statements of any Person that are consolidated to include the Borrower will contain notes clearly and conspicuously indicating (in appropriate notes or otherwise) that (A) all of the Borrower’s assets are owned by the Borrower, and (B) the Borrower is a separate entity;
(x)    The Borrower’s assets will be maintained in a manner that facilitates their identification and segregation from those of any other Person;
(xi)    The Borrower will strictly observe appropriate formalities in its dealings with all other Persons, and funds or other assets of the Borrower will not be commingled with those of any other Person, other than temporary commingling in connection with servicing the Pledged Policies to the extent explicitly permitted by the other Transaction Documents;
(xii)    The Borrower shall not, directly or indirectly, be named or enter into an agreement to be named, as a direct or contingent beneficiary or loss payee, under any insurance policy with respect to any amounts payable due to occurrences or events related to any other Person;
(xiii)    The Borrower shall maintain an arm’s length relationship with its partners and other Affiliates and Affiliates of Imperial;
(xiv)    The Borrower will not hold itself out to be responsible for the debts of any other Person; and
(xv)    The Borrower will not fail to maintain all policies and procedures or take or continue to take all actions necessary or appropriate to ensure that all factual assumptions set forth in opinions of counsel of the Borrower or its Affiliates delivered in connection herewith or the other Transaction Documents remain true and accurate at all times.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(g)    Defense.  The Borrower shall, in consultation with the Administrative Agent and at its own expense, defend the Collateral against all lawsuits and statutory claims and Liens of all Persons at any time claiming the same or any interest therein through the Borrower or any Affiliate of Imperial adverse to the Administrative Agent or the Secured Parties.
(h)    Perfection.  The Borrower shall, at the Borrower’s expense, perform all acts and execute all documents requested in writing by the Administrative Agent at any time to evidence, perfect, maintain and enforce the security interest of the Administrative Agent in the Collateral and in the Pledged Interests and the priority thereof. The Borrower will, at the reasonable request of the Administrative Agent, deliver financing statements relating to the Collateral, and, where permitted by law, the Borrower hereby authorizes the Administrative Agent to file one or more financing statements covering all of the Collateral and other assets of the Borrower. The Borrower shall cause its primary electronic books and records relating to the Collateral to be marked, with a legend stating that the Pledged Policies and the other Collateral owned by the Borrower have been pledged to the Administrative Agent, for the benefit of the Secured Parties.
(i)    Audit.  The Borrower, the Portfolio Manager, the Initial Portfolio Manager, the Initial Servicer and the Guarantor shall, and shall cause each of the Parent Pledgors, the Assignor, the Predecessor Parent Pledgor and Servicer to permit each Lender, the Administrative Agent or their duly authorized representatives, attorneys, accountants or auditors during ordinary business hours and upon written notice given one (1) Business Day in advance, to visit the offices thereof and to inspect their accounts, records and computer systems, software and programs used or maintained by them in relation to the Collateral or their performance of duties under or in relation to the Transaction Documents to which they are party as such Lender or the Administrative Agent may reasonably request (a “Collateral Audit”) and the Borrower shall enable the Insurance Consultant to seek and receive from the related Issuing Insurance Companies any verifications of coverage related to the Pledged Policies as often as the Administrative Agent may request the Insurance Consultant to do so. The Borrower shall promptly on demand reimburse the Administrative Agent and the Lenders for all costs and expenses incurred by or on behalf of the Administrative Agent and the Lenders in connection with any Collateral Audit and their ongoing review and the Insurance Consultant’s ongoing review of the documents related to the Pledged Policies, including, without limitation, the documents on the FTP Site; provided, however, if no Event of Default or Unmatured Event of Default has occurred and is continuing, the total expenses incurred by or on behalf of Borrower, the Portfolio Manager, the Initial Portfolio Manager, the Initial Servicer, the Guarantor, each of the Parent Pledgors, the Assignor, the Predecessor Parent Pledgor and the Servicer related to Collateral Audits, the ongoing review of the documents related to the Pledged Policies by the Lenders, the Administrative Agent and the Insurance Consultant and delivering any verifications of coverage related to the Pledged Policies (including any reimbursements actually made by the Borrower, the Portfolio Manager, the Initial Portfolio Manager, the Initial Servicer, the Guarantor, each of the Parent Pledgors, the Assignor, the Predecessor Parent Pledgor and the Servicer to the Lenders and the Administrative Agent in connection therewith) shall be limited to no more than $2,000 (as adjusted annually for inflation or such higher amount if such higher amount is the Insurance Consultant’s reasonably determined prevailing market cost in the industry for such Collateral Audits or ongoing reviews of the type in question as adjusted for changes in audit standards) for each Pledged Policy during any twelve (12) month period. Upon written instructions from the Administrative 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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Agent, each of Borrower, the Portfolio Manager, the Initial Portfolio Manager, the Initial Servicer and the Guarantor shall, and shall cause the Servicer (and the Administrative Agent may cause the Custodian) to release any document related to any Collateral to the Administrative Agent. The Administrative Agent may conduct a Collateral Audit no more than once per calendar year at the Borrower’s expense and no more frequently than once every two (2) calendar months at the Lenders’ expense; provided, however, if an Event of Default or Unmatured Event of Default has occurred and is continuing, the Administrative Agent, at the Borrower’s expense, shall have the right to conduct a Collateral Audit at any time and as often the Administrative Agent determines is necessary or desirable.
(j)    Additional Assistance.  The Borrower shall provide such cooperation, information and assistance, and prepare and supply the Administrative Agent with such data regarding the performance by the Issuing Insurance Companies of their obligations under the Pledged Policies and the performance by the Borrower of its obligations under the Transaction Documents, as may be reasonably requested by the Administrative Agent from time to time.
(k)    Accounts.  The Borrower shall not maintain any bank accounts other than the Accounts. The Borrower shall not close any of the Accounts unless the Required Lenders shall have consented thereto in their sole discretion.
(l)    Keeping of Records and Books of Account.  The Borrower shall maintain and implement administrative and operating procedures (including, without limitation, an ability to recreate the documents relating to the Collateral in the event of the destruction thereof), and keep and maintain all records and other information, reasonably necessary or reasonably advisable for the collection of proceeds of the Pledged Policies.
(m)    Deposit of the Collections.  The Borrower shall deposit or cause to be deposited all Collections into the Collection Account in accordance with Section 5.1.
(n)    Investment Company Act.  The Borrower, the Assignor, the Predecessor Parent Pledgor and Parent Pledgors shall not become an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, by virtue of an exemption other than pursuant to Section 3(c)(1) or Section 3(c)(7) thereof. The Borrower shall take any and all actions to ensure that it is not a “covered fund” under Section 13 of the Bank Holding Company Act of 1956, as amended.
(o)    [Reserved]
(p)    Borrower Residence.  Each of the GP Parent, the LP Parent, the Predecessor Parent Pledgor and the Assignor shall at all times maintain its registered office in the jurisdiction indicated in the notice provisions of the Transaction Documents to which it is party. The Borrower shall at all times maintain its principal place of business in the Commonwealth of Bermuda.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(q)    Payment of Taxes.  The Borrower shall pay and discharge, as they become due, all Taxes lawfully imposed upon it or incurred by it or its properties and assets, including, without limitation, lawful claims for labor, materials and supplies which, if unpaid might become a Lien or a charge upon any of the assets of the Borrower, including, without limitation, the Collateral, provided, however, that the Borrower shall have the right to contest any such taxes, assessments, debts, claims and other charges in good faith so long as adequate reserves are maintained in accordance with GAAP.
(r)    Errors and Omissions.  The Borrower shall maintain or be named as an additional insured under one or more errors and omissions policies maintained by an Affiliate, each with insurance companies rated A-, VII or higher by A.M. Best on all officers, employees or other Persons where the Borrower has the right to direct and control such individuals in any capacity with regard to the Pledged Policies to handle documents and papers related thereto.  Each such policy shall insure against losses resulting from the errors, omissions and negligent acts of such officers, employees and other persons and shall be maintained in an aggregate amount of at least $10,000,000 or such lower amount as the Administrative Agent may designate in writing to the Borrower from time to time, and in a form reasonably acceptable to the Administrative Agent. No provision of this Section 9.1(r) requiring such errors and omissions policy(ies) shall diminish or relieve the Borrower from its duties and obligations as set forth in this Loan Agreement.  Upon the request of the Administrative Agent at any time subsequent to the Initial Closing Date, the Borrower shall cause to be delivered to the Administrative Agent a certification evidencing the Borrower’s coverage under such errors and omissions policy(ies). Any such insurance policy shall contain a provision or endorsement providing that such policy may not be canceled or modified in a materially adverse manner without ten (10) days’ prior written notice to the Administrative Agent.
(s)    Pledged Policies.  The Borrower shall maintain the Pledged Policies in full force and effect and not in a state of grace; provided that failure to do so solely as a result of (i) any uncured Lender Default, (ii) the failure by the Administrative Agent to apply amounts on deposit in the Escrow Account in accordance with Section 5.2(d) to fund the same, which amounts are sufficient to pay Premiums on the Pledged Policies or the election by the Administrative Agent to deliver an Alternative Information Notice pursuant to Section 5.2(h) and the amount of Premiums funded is less than the amount set forth in the Calculation Date Report in respect of which such Alternative Information Notice was delivered, or (iii) the abandonment of a Pledged Policy in accordance with Section 2.7(b), will not comprise a breach of this covenant; provided further that with respect to any Pledged Policy set forth on the Initial Advance Lexington Schedule, such Pledged Policy may have been in a state of grace on the Initial Closing Date but the Borrower caused such Pledged Policy to no longer be in state of grace by June 30, 2013.
(t)    Further Assurances.  The Borrower shall procure and deliver to the Administrative Agent and/or execute any security agreement, financing statement or other writing necessary to evidence, preserve, protect or enforce the Lenders’ rights and interests to or in the Collateral or in any other collateral agreed to by the parties that is requested in writing by the Administrative Agent or any Lender.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(u)    Litigation. The Borrower shall promptly notify the Administrative Agent of:
(i)    any litigation, administrative proceedings, audits, actions, proceedings, claims or investigations pending or threatened in writing, conducted or to be conducted by any Person or Governmental Authority, actions, proceedings, claims or investigations pending or threatened in writing against the Borrower or the entry of any judgment against the Borrower, which in each case could reasonably be expected to involve or create a liability of the Borrower which exceeds $50,000 per incident or $200,000 in the aggregate, whether or not insured against;
(ii)    the entry of any judgment against the Borrower or the creation of any Lien against any of the Collateral or the Pledged Interests; and
(iii)    any actual or alleged violation by the Borrower of any Applicable Law which could reasonably be expected to have an adverse effect on any of the Pledged Policies, the business, assets, financial condition or operations of the Borrower or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(v)    Insured Consent.  The Borrower shall use commercially reasonable efforts to cause each Insured with respect to a Pledged Policy to consent to the release and delivery of its current and historical medical information and death certificate.
(w)    In-Force Policy Illustrations.  The Borrower shall or shall cause the Servicer to cause the applicable Issuing Insurance Companies to deliver to the Servicer an in- force Policy Illustration in respect of each Pledged Policy within 30 days of the anniversary of the issue date of each Policy, which the Portfolio Manager will upload to the FTP site as described in the Portfolio Management Agreement.
(x)    Cooperation.  The Borrower shall assist the Administrative Agent with, and take all actions reasonably requested by the Administrative Agent in connection with, the engagement of servicers, medical underwriters and tracking agents and the enabling of such parties to perform the services for which they have been retained by the Administrative Agent relating to the Pledged Policies.
(y)    Collateral Assignment.  Prior to the Second Amended and Restated Closing Date, in relation to each Policy comprising Collateral as of the Second Amended and Restated Closing Date, the Borrower has caused and, prior to each Additional Policy Advance Date, the Borrower shall cause, the Securities Intermediary or the Insurance Consultant to submit each collateral assignment in respect of each Policy pledged on such Advance Date to the applicable Issuing Insurance Company, naming the Administrative Agent, on behalf of the Lenders, as the collateral assignee.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(z)    Other Information.  The Borrower shall use commercially reasonable efforts to obtain any other information reasonably requested by the Administrative Agent with respect to the Pledged Policies and the Insureds.
(aa)    Transaction Documents.  The Borrower shall duly and timely perform all of its covenants and obligations under all Transaction Documents, except with the prior written consent of the Administrative Agent.
(bb)    Mandatory Liquidation.  After the earlier of the date on which (i) the number of Pledged Policies is less than or equal to one hundred (100) or (ii) the aggregate Net Death Benefit of the Pledged Policies is less than or equal to fifteen percent (15%) of the aggregate Net Death Benefit of the Pledged Policies on the Initial Closing Date, the Borrower shall, within 180 days of the Borrower’s receipt of written direction from the Required Lenders, sell all of the Pledged Policies in accordance with Section 2.7(a).
(cc)    Payment of Premiums.  On and after the Partial Repayment Date, subject to Section 2.7(b), the Borrower shall pay or cause to be paid all Premiums due on the Pledged Policies and keep all the Pledged Policies in full force and effect and not in a state of grace.
(dd)    LP Parent Contribution Agreement, Predecessor Parent Pledgor Contribution Agreement and Assignor Contribution Agreement.  The Borrower shall enforce the Predecessor Parent Pledgor’s obligations under the Predecessor Parent Pledgor Contribution Agreement, including, without limitation, the obligation of the Predecessor Parent Pledgor to reacquire Pledged Policies in accordance with the terms thereof. The Borrower shall enforce the LP Parent’s obligations under the LP Parent Contribution Agreement, including, without limitation, the obligation of the LP Parent to acquire Pledged Policies in accordance with the terms thereof. The Borrower shall cause the LP Parent to enforce its obligations under the Predecessor Parent Pledgor LP Contribution Agreement, including, without limitation, the obligation of the Predecessor Parent Pledgor to reacquire Pledged Policies in accordance with the terms thereof. The Borrower shall cause the Predecessor Parent Pledgor to enforce its obligations under the Assignor Contribution Agreement, including, without limitation, the obligation of the Assignor to reacquire Pledged Policies in accordance with the terms thereof.
(ee)    Servicing Agreements.  The Borrower shall timely enforce its rights and obligations under the Servicing Agreement, including, without limitation, upon the Administrative Agent’s instruction after the occurrence of a Servicer Termination Event, terminating the Servicer in accordance with the terms thereof. The Borrower shall not engage the Servicer to perform any additional services under the Servicing Agreement without obtaining the Administrative Agent’s prior written consent, which consent may be given or withheld in the Required Lenders’ reasonable discretion. The Borrower shall timely enforce its rights and obligations under the Initial Servicing Agreement, including, without limitation, upon the Administrative Agent’s instruction after the occurrence of an Initial Servicer Termination Event, terminating the Initial Servicer in accordance with the terms thereof.  The Borrower shall not engage the Initial Servicer to perform any additional services under the Initial Servicing Agreement without obtaining the Administrative Agent’s prior written consent, which consent may be given or withheld in the Required Lenders’ reasonable discretion.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(ff)    Classification Elections of Borrower, GP Parent.  Borrower shall cause the GP Parent to make such elections and take any other actions, or cause such elections to be made or such actions to occur, to ensure or cause the Borrower to be treated as a disregarded entity or partnership for United States federal income tax purposes. Borrower shall cause the GP Parent to make such elections and take any other actions, or cause such elections to be made or such actions to occur, to ensure or cause GP Parent to be classified as a disregarded entity for United States federal income tax purposes at all times following twenty-four (24) months after the Original Amended and Restated Closing Date.
(gg)    Custodial Packages.  Within fifteen (15) days of the Initial Closing Date, the Borrower delivered or caused to be delivered all Custodial Packages (including all originals thereof) related to the Subject Policies for the Initial Advance to the Custodian.  Within fifteen (15) days of the Initial Closing Date, the Borrower caused the Custodian to deliver to the Administrative Agent a written confirmation identifying all such Subject Policies for which the Custodian had accepted delivery of the related purported Custodial Packages pursuant to the terms of the Account Control Agreement.  On or before August 31, 2013, the Borrower caused the Custodian to verify to the Administrative Agent in writing its receipt of all documents required to be contained in each of the Custodial Packages related to the Subject Policies for the Initial Advance by delivering the required certification pursuant to the terms of the Account Control Agreement.  On or prior to each Advance Date, the Borrower has caused or shall cause, as applicable, the Portfolio Manager to upload the related Collateral Packages (and with respect to the Initial Advance, the Schedules relating thereto) to the FTP Site. With respect to each Pledged Policy set forth on Schedule 7.1(f) on the Initial Closing Date, the Borrower delivered or caused the delivery of such Pledged Policies to the Custodian. With respect to each other Pledged Policy set forth on Schedule 7.1(f), the Borrower shall use commercially reasonable efforts to deliver or cause the delivery of such Pledged Policies to the Custodian.
(hh)    Delivery of Change Forms.  Within two (2) Business Days of the Initial Closing Date, the Borrower delivered or caused to be delivered to the Securities Intermediary completed but unsigned Change Forms for the Subject Policies related to the Initial Advance, to be executed by the Securities Intermediary in blank. Within seven (7) Business Days of the Initial Closing Date, the Borrower caused the Securities Intermediary to confirm to the Administrative Agent in writing in the form of Exhibit L-3 to the Account Control Agreement that it is holding Change Forms with respect to the Subject Policies related to the Initial Advance executed by the Securities Intermediary in blank and the Administrative Agent received copies of such Change Forms.
(ii)    Portfolio Manager.  The Borrower shall timely enforce its rights and obligations under the Portfolio Management Agreement, including, without limitation, upon the Administrative Agent’s instruction after the occurrence of a Portfolio Manager Termination Event, terminating the Portfolio Manager in accordance with the terms thereof. The Borrower shall not engage the Portfolio Manager to perform any additional services under the Portfolio Management Agreement without obtaining the Administrative Agent’s prior written consent, which consent may be given or withheld in the Required Lenders’ reasonable discretion.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(jj)    Opinions.  Each of the Borrower, the Initial Servicer and the Portfolio Manager will maintain all policies and procedures and take and continue to take all actions necessary or appropriate to ensure that all factual assumptions set forth in opinions of counsel of the Borrower or its Affiliates delivered in connection herewith or the other Transaction Documents remain true and accurate at all times.
(kk)    Listing.  If a Lender assigns all or any portion of its Lender Notes, Commitment and Advances hereunder pursuant to Section 13.4 hereof and the assignee thereof resides in a jurisdiction that does not have a tax treaty with Ireland or if the assignment otherwise gives rise to Irish withholding tax, the Borrower shall, (i) within sixty (60) days after the date of such assignment, list the Lender Notes on the unregulated market of the Irish Stock Exchange plc or other stock exchange if doing so would eliminate or reduce any withholding tax imposed by applicable authorities in Ireland on any payments to be paid by the Borrower to or for the benefit of such assignee or (ii) use reasonable commercial efforts to ascertain whether any adjustments to the structure of the Borrower and its partners or otherwise can be implemented without cost or prejudice to any Lender that will eliminate the imposition of such withholding tax, and if such adjustments are satisfactory to the Administrative Agent and the Lenders, as determined in their sole and absolute discretion, within sixty (60) days following the date of such assignment, the Borrower shall implement such adjustments.
(ll)    Manager.  The Borrower shall ensure that all times the Manager, any successor Manager and any other Person performing functions similar to the Manager is an individual with at least three years of employment experience in the life settlement industry, possessing sufficient skills and knowledge to fulfill his or her obligations under the Consulting Agreement and any similar agreement.
(mm)    Cash Interest Coverage Ratio Reporting Requirements.  Within five (5) Business Days after the end of each calendar month commencing with the calendar month ending in December 2016, the Borrower shall furnish or cause to be furnished to the Administrative Agent and each Lender a report, in form and substance satisfactory to the Administrative Agent, which report shall include a calculation of the Cash Interest Coverage Ratio for each day of the immediately preceding calendar month (which report shall include, without limitation, all information necessary in order to enable the Administrative Agent to independently make each such calculation) and include a statement as to whether the Cash Interest Coverage Ratio has ever failed to meet the ratio for the Cash Interest Coverage Ratio identified in each of Section 10.1(x) hereof and in the definition of “Cash Flow Sweep Percentage”, and if so, each date of such occurrence. Each such report shall be certified by an officer or director of EMG that all information set forth in such report is true and accurate in all respects (without omission of any information necessary to prevent such information from being materially misleading).
Section 9.2    Negative Covenants.  Until the first day following the date on which all of the Obligations (including, without limitation, the Aggregate Participation Interest) are performed and paid in full and this Loan Agreement is terminated, the Borrower hereby covenants and agrees that it shall not:

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(a)    Assignment of Pledged Policies, Etc.  Except as provided herein and in the other Transaction Documents, sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist, any Adverse Claim upon or with respect to, any of the Pledged Policies or any other Collateral, including, without limitation, any Adverse Claim arising out of a Policy Loan.
(b)    Amendments to Transaction Documents, etc.  Amend, otherwise modify or waive any term or condition of: (i) this Loan Agreement, except with the prior written consent of all of the Lenders or (ii) any other Transaction Document, the Borrower Organizational Documents, any Pledged Policy or any other material contract, except in each case with the prior written consent of the Required Lenders.
(c)    Deposit of Non-Collections.  Deposit or otherwise credit, or cause or permit to be so deposited or credited, to the Collection Account any cash or other assets other than Collections and other amounts allowed or required to be credited to the Collection Account in accordance with Section 5.2.
(d)    Indebtedness.  Contract, create, incur or assume any indebtedness other than indebtedness incurred pursuant to this Loan Agreement and the other Transaction Documents.
(e)    Change of Accounts.  Change or cause to be changed any of the Accounts or the Policy Account or amend the Account Control Agreement without prior written consent of the Required Lenders.
(f)    Mergers, Acquisitions, Sales, Subsidiaries, etc.
(i)    Be acquired directly or indirectly, or be a party to any merger or consolidation, or directly or indirectly purchase or otherwise acquire all or substantially all of the assets or any stock of any class of, or any partnership or joint venture interest in, any other Person, except for Permitted Investments or sell, transfer, assign, convey or lease any of its property and assets (or any interest therein) other than pursuant to, or as contemplated by, this Loan Agreement or the other Transaction Documents;
(ii)    make, incur or suffer to exist an Investment in, equity contribution to, loan or advance to, or payment obligation in respect of the deferred purchase price of, or payment for, property from, any other Person, except for Permitted Investments, pursuant to the Transaction Documents;
(iii)    create any direct or indirect Subsidiary or otherwise acquire direct or indirect ownership of any equity interests in any other Person other than pursuant to the Transaction Documents; or

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(iv)    enter into any transaction with any Affiliate of the Borrower, Imperial, the Guarantor or the Portfolio Manager or any Affiliate of any of them except for the transactions contemplated or permitted by the Transaction Documents and other transactions upon fair and reasonable terms materially no less favorable to the Borrower or than would be obtained in a comparable arm’s length transaction with a Person not an Affiliate of the Borrower, Imperial, the Guarantor or the Portfolio Manager.
(g)    Change in Business Policy.  Make any change in the character of its business.
(h)    Chief Executive Office.  Move its chief executive office or jurisdiction of formation or permit the documents and books in its possession or under its control evidencing the Collateral to be moved, unless (i) the Borrower shall have given to the Administrative Agent not less than thirty (30) days’ prior written notice thereof, clearly describing the new location, and (ii) the Borrower shall have taken such action, satisfactory to the Administrative Agent, to maintain the title or ownership of the Borrower and any security interest of the Administrative Agent, in the Collateral at all times fully perfected and in full force and effect. The Borrower shall not in any event become or seek to become organized under the laws of more than one jurisdiction.
(i)    Business Restrictions.  Engage in any business or transactions, or be a party to any documents, agreements or instruments, other than the Transaction Documents or those incidental to the purposes thereof, or make any expenditure for the purchase of any assets if such expenditure is made by the Borrower through a withdrawal of funds from an Account.
(j)    Sale of Assets.  Sell, transfer or convey any assets, except as expressly permitted by the Transaction Documents.
(k)    Ownership of Borrower, GP Parent.  (i) During the twenty-four (24) month period following the Original Amended and Restated Closing Date only, make any elections, take any actions or fail to take any actions that would cause Borrower to be classified as other than a disregarded entity or partnership for United States federal income tax purposes or other than a fiscally transparent entity for Irish tax purposes, and at all times after such twenty- four (24) month period, make any elections, take any actions or fail to take any actions that would cause Borrower to be classified as other than a disregarded entity for United States federal income tax purposes or other than a transparent entity for Irish tax purposes or (ii) fail to cause the GP Parent to be classified as a disregarded entity for United States federal income tax purposes at all times following twenty-four (24) months after the Original Amended and Restated Closing Date.
(l)    Further Policy Acquisitions.  Acquire at any time any additional Policies that are not Pledged Policies without the prior written consent of the Administrative Agent.
(m)    Use of Proceeds.  Without the prior written consent of the Administrative Agent, use any proceeds arising from a sale under Section 2.7 other than pursuant to this Loan Agreement.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(n)    Accounting Changes.  Change any accounting practices, policies or treatment without the prior written consent of the Administrative Agent, except to the extent required by Applicable Law, changes in GAAP or requirements of its independent accountants.
(o)    Foreign Assets Control Regulations, Etc.  (i) Become or permit any of its subsidiaries to become a Blocked Person, (ii) have or permit any of its subsidiaries to have any investments in or engage in any dealings or transactions with any Blocked Person or (iii) violate or permit any of its subsidiaries to violate any Anti-Money Laundering Law.
ARTICLE X     
EVENTS OF DEFAULT; REMEDIES
Section 10.1    Events of Default.  Each of the following shall constitute an “Event of Default” under this Loan Agreement upon the (i) expiration of the time period set forth below or (ii) expiration of a Cure Notice delivered to the Borrower by the Required Lenders in their sole discretion or (iii) earlier revocation of such Cure Notice by the Required Lenders in their sole discretion:
(a)    Non-Payment.  (A) The Borrower shall fail to make when due, any payment to any Lender or the Administrative Agent under this Loan Agreement or any other Transaction Document and such failure continues for one (1) Business Day, or (B) so long as such failure is not solely due to an uncured Lender Default, the Borrower shall fail to make when due, any payment to any other Person under this Loan Agreement or any other Transaction Document, including, without limitation, the failure to pay any Premium, and such failure continues for thirty (30) days or (C) any Advance is not paid in full on the Maturity Date. For the avoidance of doubt, the Lenders making one or more Protective Advances to pay any Premiums due during such thirty (30) day period shall not constitute a cure of the related Event of Default.
(b)    Breach of Representations and Warranties.  Any representation or warranty made or deemed made by the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, the Initial Portfolio Manager, the Portfolio Manager, the Initial Servicer, the Guarantor, the Servicer or Imperial under or in connection with any Transaction Document to which it is a party or any information or report delivered by or on behalf of any such Person to the Administrative Agent or any Lender hereunder or under any other Transaction Document shall prove to have been incorrect or untrue in any material respect when made or delivered (or when such representation, warranty, information or report is deemed to have been made or delivered) and, if curable, such breach is not cured within thirty (30) days.
(c)    Non-Compliance with Other Provisions.  (i) The Borrower shall fail to perform or observe any covenant or agreement set forth in Section 9.1(q), Section 9.1(y), Section 9.1(dd), Section 9.1(ee), Section 9.1(ff), Section 9.1(gg), Section 9.1(ii), Section 9.1(jj), Section 9.1(kk), Section 9.1(ll), Section 9.2 (other than Section 9.2(c)) or (ii) the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Initial Portfolio Manager, the Portfolio Manager, the Initial Servicer, the Guarantor or the Servicer shall fail to perform or observe any other term, covenant or agreement contained in any Transaction Document to which it is party on its part to be performed or observed and any such failure described in this clause (ii) shall remain unremedied 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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for thirty (30) days (or, with respect to a failure to deliver the Calculation Date Report or a failure to comply with any of Section 2.7, Section 9.1(e), Section 9.1(h), Section 9.1(i), Section 9.1(m), Section 9.1(hh), Section 9.2(c), such failure shall remain unremedied for five (5) Business Days) from the earlier of (i) the date the Borrower receives notice of such failure and (ii) the date the Borrower has actual knowledge thereof.
(d)    Non-Compliance by Other Parties.  Any party to any Transaction Document other than the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Servicer, the Initial Servicer, the Guarantor, the Portfolio Manager, the Initial Portfolio Manager, the Lenders or the Administrative Agent shall fail to perform or observe any term, covenant or agreement contained in this Loan Agreement or in any other Transaction Document on its part to be performed or observed and any such failure shall remain unremedied for thirty (30) days (or, with respect to a failure by the Securities Intermediary to make any deposit or withdrawal from any of the Accounts to be made by it under the Transaction Documents, such failure shall remain unremedied for one (1) Business Day) from the earlier of the (i) the date such Person receives notice of such failure and (ii) the date such Person has actual knowledge thereof.
(e)    Validity of Transaction Documents.  (i) This Loan Agreement or any other Transaction Document shall (except in accordance with its terms), in whole or in part, cease to be the legally valid, binding and enforceable obligation of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Initial Servicer, the Guarantor, the Servicer, the Initial Portfolio Manager or the Portfolio Manager or cease to be in full force and effect, (ii) the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Initial Servicer, the Guarantor, the Servicer, the Initial Portfolio Manager or the Portfolio Manager shall directly or indirectly contest in any manner such effectiveness, validity, binding nature or enforceability of such document, (iii) any other party (other than any of the Lenders, the Administrative Agent or any other Affected Party) shall directly or indirectly contest such effectiveness, validity, binding nature or enforceability of such document, (iv) this Loan Agreement together with the Account Control Agreement shall cease to create a valid Lien in favor of the Administrative Agent in the Collateral, or the Lien of the Administrative Agent in the Collateral shall cease to be a valid and enforceable first priority perfected Lien, free and clear of any Adverse Claim or (v) the Borrower Interest Pledge Agreement shall cease to create a valid Lien in favor of the Administrative Agent in Pledged Interests, or the Lien of the Administrative Agent in the Pledged Interests shall cease to be a valid and enforceable first priority perfected Lien, free and clear of any Adverse Claim.
(f)    Bankruptcy.  An Event of Bankruptcy shall have occurred with respect to the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial.
(g)    Change in Control.  A Change in Control shall have occurred with respect to the Borrower, a Parent Pledgor, the Predecessor Parent Pledgor or the Assignor.
(h)    Certain Events with Respect to Imperial.  Imperial ceases to be a Publicly Traded Company or a Blocked Person shall become the owner, directly or indirectly, 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

beneficially or of record, of equity representing five percent (5.00%) or more of the aggregate ordinary voting power represented by the issued and outstanding equity of Imperial.
(i)    Tax Liens; ERISA Liens.  The Internal Revenue Service shall file notice of a Lien pursuant to the Code with regard to any assets of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or Imperial or the PBGC shall, or shall indicate its intention to, file notice of a Lien pursuant to Section 4068 of ERISA with regard to any of the assets of the Borrower, the Assignor, the Predecessor Parent Pledgor or a Parent Pledgor in excess of $100,000 or with regard to Imperial in excess of $3,000,000; provided, however, that in each case the filing of such a notice of Lien shall not be an Event of Default for so long as such filing is being contested in good faith by appropriate proceedings and with respect to which adequate reserves have been set aside. Notwithstanding anything provided in the preceding sentence, no Adverse Claim shall be permitted with respect to any Collateral or Pledged Interests.
(j)    Defaults.  A default by the Borrower (after giving effect to the applicable grace period) shall have occurred and be continuing under any instrument, agreement or legal commitment evidencing, securing or providing for the issuance of indebtedness for borrowed money or off balance sheet financing for which the Borrower (either individually or collectively) is liable to pay an amount in excess of $50,000, following which the provider of such borrowed money or off balance sheet financing has the right to accelerate the maturity thereof.
(k)    Monetary Judgment.  One or more judgments for the payment of money shall be rendered against the Borrower in an aggregate amount in excess of [*] or against Imperial in an aggregate amount in excess of [*], and, in each case, shall remain unpaid or undischarged, or a stay of execution thereof shall not be obtained, within thirty (30) days from the date of entry thereof.
(l)    Material Adverse Effect.  An event has occurred that has had or could reasonably be expected to have a Material Adverse Effect.
(m)    Servicer Termination Events.  (i) A Servicer Termination Event shall have occurred and be continuing, but only if the Servicer has not been replaced by a Successor Servicer or if such Servicer Termination Event causes a Material Adverse Effect or (ii) prior to the occurrence of the Set-Up Phase Completion Date (as defined in the Servicing Agreement) with respect to all of the Pledged Policies or such earlier date as of which the Servicer has commenced performing all of its obligations under the Servicing Agreement with respect to all of the Pledged Policies, an Initial Servicer Termination Event shall have occurred and be continuing, but only if the Initial Servicer has not been replaced by a Successor Initial Servicer or if such Initial Servicer Termination Event causes a Material Adverse Effect.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

(n)    Investment Company Act.  (i) The Borrower, the Assignor, the Predecessor Parent Pledgor or a Parent Pledgor shall become an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, or any of the foregoing is at any time not an “investment company” or a company “controlled” by an “investment company” within the meaning of the Investment Company Act of 1940, as amended, solely by virtue of an exception pursuant to Section 3(c)(1) or 3(c)(7) thereof or (ii) the Borrower shall become a “covered fund” under Section 13 of the Bank Holding Company Act of 1956.
(o)    Organizational Document Amendments.  The Borrower shall make any material amendment to any of its Borrower Organizational Documents without the prior written consent of the Required Lenders.
(p)    Subject Policy Grace Period.  Subject to Section 5.4 hereof, either (i) more than one Pledged Policy in any calendar year (the “Annual Policy Limit”), (ii) Pledged Policies the aggregate Net Death Benefit of which equals or exceeds [*] in any calendar year (the “Annual NDB Limit”), (iii) more than [*] Pledged Policies (including Pledged Policies treated as Lapsed/Grace Policies pursuant to Section 5.4 hereof) since the date of the Original Loan Agreement (the “Aggregate Policy Limit”) or (iv) Pledged Policies (including Pledged Policies treated as Lapsed/Grace Policies pursuant to Section 5.4 hereof) the aggregate Net Death Benefit of which equals or exceeds [*] since the date of the Original Amended and Restated Loan Agreement (the “Aggregate NDB Limit”), in the case of any of (i), (ii), (iii) or (iv), lapse or enter a “grace period” not solely due to an uncured Lender Default and not solely due to Lender’s delivery of an Alternative Information Notice reducing Premiums paid as contemplated by Section 5.2(h), and are not restored to good standing within [*] Business Days after the Securities Intermediary receives written notice from the related Issuing Insurance Company that such Pledged Policy has entered a “grace period” (any such Pledged Policy, a “Lapsed/Grace Policy”); provided, however, that any Pledged Policy may be permitted to lapse with the prior written consent of the Required Lenders, in their sole discretion, and no such Pledged Policy permitted to lapse (nor the Net Death Benefits thereof) will be counted for purposes of this clause (p); provided further that with respect to any Pledged Policy set forth on the Initial Advance Lexington Schedule, such Pledged Policy shall not constitute a Lapsed/Graced Policy solely because such Pledged Policy may have been in a state of grace on the Initial Closing Date so long as the Borrower caused such Pledged Policy to no longer be in state of grace by June 30, 2013.
(q)    Ongoing Maintenance Costs.  The failure by the Borrower to pay any Ongoing Maintenance Costs (other than Premiums) to the applicable Person when due that the Borrower is responsible to pay, so long as such failure is not solely due to an uncured Lender Default, 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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and such failure shall remain unremedied for thirty (30) days from the earlier of (i) the date the Borrower receives notice of such failure and (ii) the date the Borrower has actual knowledge thereof.
(r)    Withholding.  (i) Any Collections are subject to withholding tax imposed by applicable authorities in Ireland or more than 0.1% of any Collections are subject to United States withholding tax, in each case, prior to or upon being paid to or by the Borrower; (ii) any amounts to be paid by the Borrower to the Administrative Agent or any Lender are subject to United States withholding tax in the event of a Withholding Tax Change of Circumstances or withholding tax imposed by applicable authorities in Ireland other than solely as a result of the Initial Lender being in breach of its representation made on the Original Amended and Restated Closing Date pursuant to Section 13.4 of the Original Amended and Restated Loan Agreement; provided that no Event of Default shall occur with respect to such event (A) so long as the Borrower is using reasonable commercial efforts to comply with the covenant set forth in Section 9.1(kk) hereof following an assignment by a Lender of all or any portion of its Lender Notes, Commitment and Advances hereunder and compliance with such covenant would eliminate any withholding tax imposed by the applicable authorities in Ireland on any payments to be paid by the Borrower to or for the benefit of the related assignee and (B) (x) the Borrower lists the Lender Notes related to such assignee on the unregulated market of the Irish Stock Exchange plc or other stock exchange within sixty (60) days after the date of the related assignment and doing so eliminates any withholding tax imposed by the applicable authorities in Ireland on any payments to be paid by the Borrower to or for the benefit of such assignee or (y) the Borrower, in consultation with the Administrative Agent, is using reasonable commercial efforts to ascertain whether any adjustments to the structure of the Borrower and its partners or otherwise can be implemented without cost or prejudice to any Lender that will eliminate the imposition of such withholding tax, and if such adjustments are satisfactory to the Administrative Agent and the Lenders, as determined in their sole and absolute discretion, within sixty (60) days following the date of the related assignment, the Borrower implements such adjustments; (iii) during the twenty-four (24) month period following the Original Amended and Restated Closing Date only, Borrower is treated as other than a disregarded entity or a partnership for United States federal income tax purposes, and at all times after such twenty-four (24) month period, Borrower is treated as other than a disregarded entity for United States federal income tax purposes, in either case, as a result of an election or any other action or inaction taken by or on behalf of the Borrower or any of its Affiliates; (iv) GP Parent is treated as other than a disregarded entity of LP Parent for United States federal income tax purposes at any time after 24 months following the Original Amended and Restated Closing Date; or (v) Borrower or LP Parent is engaged in a trade or business in the United States through a permanent establishment in the United States within the meaning of the double tax treaty between Ireland and the United States.
(s)    Portfolio Manager Termination Events.  A Portfolio Manager Termination Event shall have occurred and be continuing, but only if the Portfolio Manager has not been replaced by a Successor Portfolio Manager in accordance with the terms and conditions of the Portfolio Management Agreement or if such Portfolio Manager Termination Event causes a Material Adverse Effect.
(t)    Independent Director.  The LP Pledgor shall remove, replace or seek to replace its Independent Director absent due cause, death or incapacity without the express prior 

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written consent of the Administrative Agent and the Required Lenders, provided, however, that no such consent shall be required for the replacement of an Independent Director in the event that such Independent Director ceases to meet the qualifications set forth in Section 9.1(f)(ii), and such Independent Director is replaced by another Person who possesses such qualifications.
(u)    Independent Manager.  The GP Pledgor shall remove, replace or seek to replace its Independent Manager absent due cause, death or incapacity without the express prior written consent of the Administrative Agent and the Required Lenders, provided, however, that no such consent shall be required for the replacement of an Independent Manager in the event that such Independent Manager ceases to meet the qualifications set forth in Section 9.1(f)(ii), and such Independent Manager is replaced by another Person who possesses such qualifications.
(v)    Treaty.  The Borrower fails to qualify under the limitation of benefits provision set forth in Article 23, section 2(e) of the Treaty.
(w)    Installment Note.  On or after the Partial Repayment Date, the Predecessor Parent Pledgor commences any actions or proceedings against the LP Parent in respect of any amounts owed to it under that certain installment note made by the LP Parent in favor of the Predecessor Parent Pledgor in connection with the Borrower Interest Purchase and Sale Agreement, and such actions or proceedings have an adverse effect on any of the Pledged Policies, any other Collateral, any of the Pledged Interests, or any of the rights or interests of the Administrative Agent or any of the Lenders hereunder or under any other Transaction Document.
(x)    Cash Interest Coverage Ratio.  Commencing after June 30, 2019, EMG fails to maintain a Cash Interest Coverage Ratio of at least 1:75:1 and such failure continues for sixty (60) consecutive days.
Section 10.2    Remedies.
(a)    Optional Termination.  Upon the occurrence and during the continuance of an Event of Default (other than an Event of Default described in Section 10.1(f)) that is not waived in writing by the Required Lenders and not cured within any applicable cure period, the Administrative Agent may, and at the request of the Required Lenders shall, by notice to the Borrower, declare the Advances and other Obligations to be due and payable and the Lenders’ Commitments (if not theretofore terminated) to be terminated, whereupon the full unpaid amount of all the Advances and other Obligations shall be and become immediately due and payable (and the Maturity Date shall be deemed to have occurred), without further notice, demand or presentment, and the Lenders’ Commitment shall terminate.
(b)    Automatic Termination.  Upon the occurrence of an Event of Default described in Section 10.1(f), (i) the Commitment Termination Date shall be deemed to have occurred automatically, and (ii) all outstanding Advances and other Obligations shall become immediately and automatically due and payable (and the Maturity Date shall be deemed to have occurred for all of the Advances), all without presentment, demand, protest, or notice of any kind.
(c)    Sale of the Collateral.

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(i)    In addition to all rights and remedies under this Loan Agreement or otherwise, the Lenders and the Administrative Agent shall have all other rights and remedies provided under the relevant UCC and under other Applicable Laws, which rights shall be cumulative. Without limiting the generality of the foregoing, on and after the occurrence of an Event of Default that is not waived in writing by the Required Lenders, the Administrative Agent (on behalf of the Secured Parties and at the direction of the Required Lenders) may without being required to give any notice (except as herein provided or as may be required by mandatory provisions of law), sell the Collateral or any part thereof in any commercially reasonable manner at public or private sale, for cash, upon credit or for future delivery, as directed by the Required Lenders and at such price or prices as the Required Lenders may deem satisfactory. Any Lender or the Administrative Agent may participate as a bidder in any such sale and the Administrative Agent and/or the Lenders may credit bid in such sale. The Borrower will execute and deliver such documents and take such other action as the Administrative Agent reasonably deems necessary or advisable in order that any such sale may be made in compliance with Applicable Law. Upon any such sale, the Administrative Agent shall have the right to deliver, assign and transfer to the purchaser thereof the Collateral so sold.
(ii)    If any such sale is consummated prior to the Partial Repayment Date, after deduction of payment for the outstanding principal balance of Advances plus accrued but unpaid interest thereon plus all other Obligations owing by the Borrower (excluding the Aggregate Participation Interest and including, for the avoidance of doubt, the Amortization Shortfall Amounts for all of the Shortfall Pledged Policies that remain unpaid), the Administrative Agent shall distribute the remaining proceeds of such sale as follows: (i) first, deposit an amount equal to the product of (X) the Participation Interest Percentage and (Y) the remaining amount of such proceeds, into the Participation Interest Account as payment by the Borrower for the Participation Interest for the Pledged Policies subject to such sale, (ii) second, deposit the aggregate unpaid Participation Interest Shortfall Amounts for all of the Shortfall Pledged Policies into the Participation Interest Account and (iii) third, deposit any remaining amount into the Borrower Account.
(iii)    If any such sale is consummated on or after the Partial Repayment Date, after deduction of payment for the outstanding Obligations owing by the Borrower (excluding the Aggregate Participation Interest and including, for the avoidance of doubt, the Amortization Shortfall Amounts for all of the Shortfall Pledged Policies that remain unpaid), the Administrative Agent shall distribute the remaining proceeds of such sale as follows: (i) first, deposit an amount equal to the product of (X) the Participation Interest Percentage and (Y) the remaining amount of such proceeds, into the Participation Interest Account as payment by the Borrower for the Participation Interest for the Pledged Policies subject to such sale, (ii) second, deposit the aggregate unpaid Participation Interest Shortfall Amounts for all of the Shortfall Pledged Policies into the Participation Interest Account and (iii) third, deposit any remaining amount into the Borrower Account.
(iv)    Any such sale under this Section 10.2(c), other than a sale consummated pursuant to a credit bid made by the Administrative Agent or a Lender, shall be for cash. Each purchaser at any such sale shall hold the Collateral so sold to it absolutely and free from any claim or right of whatsoever kind, including any equity or right of redemption of the Borrower 

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which may be waived, and the Borrower, to the extent permitted by Applicable Law, hereby specifically waives all rights of redemption, stay or appraisal which it has or may have under any law now existing or hereafter adopted. The Administrative Agent at the direction of the Required Lenders, instead of exercising the power of sale herein conferred upon them, may proceed by a suit or suits at law or in equity to foreclose the security interests in the Collateral and sell the Collateral, or any portion thereof, under a judgment or decree of a court or courts of competent jurisdiction.
(d)    Power of Attorney.  In furtherance of the rights, powers and remedies of the Administrative Agent and the Required Lenders on and after the occurrence of an Event of Default that is not waived in writing by the Required Lenders, or cured within any applicable cure period, the Borrower hereby irrevocably appoints the Administrative Agent its true and lawful attorney, which appointment is coupled with an interest, with full power of substitution, in the name of the Borrower, or otherwise, for the sole use and benefit of the Administrative Agent (for the further benefit of the Secured Parties), but at the Borrower’s expense, to the extent permitted by law and subject to the last sentence of the immediately preceding subsection, to exercise, at any time and from time to time during the continuance of an Event of Default, all or any of the following powers with respect to all or any of the Collateral:
(i)    to demand, sue for, collect, receive and give acquittance for any and all monies due or to become due thereon or by virtue thereof,
(ii)    to settle, compromise, compound, prosecute or defend any action or proceeding with respect thereto,
(iii)    to sell, transfer, assign, seize or otherwise deal in or with the Collateral or the proceeds or avails thereof, as fully and effectually as if the Administrative Agent was the absolute owner thereof, and
(iv)    to extend the time of payment of any or all thereof and to make any allowance and other adjustments with reference thereto;
provided that the Administrative Agent shall give the Borrower at least ten (10) days’ prior written notice of the time and place of any public sale or the time after which any private sale or other intended disposition of any of the Collateral is to be made. The Borrower agrees that such notice constitutes “reasonable notification” within the meaning of Section 9-611 (or other section of similar content) of the relevant UCC.
(e)    Conflict of Rights.  Notwithstanding anything to the contrary contained in this Loan Agreement, if at any time the rights, powers and privileges of the Required Lenders or the Administrative Agent following the occurrence of an Event of Default conflict (or are inconsistent) with the rights and obligations of the Initial Servicer, the Servicer, the Initial Portfolio Manager or the Portfolio Manager, the rights, powers and privileges of the Required Lenders or the Administrative Agent shall supersede the rights and obligations of the Servicer, the Initial Servicer, the Initial Portfolio Manager and the Portfolio Manager to the extent of such conflict (or inconsistency), with the express intent of maximizing the rights, powers and privileges of the Required Lenders or the Administrative Agent following the occurrence of an Event of Default.

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(f)    Contract to Extend Financial Accommodations.  The parties hereto acknowledge that this Loan Agreement is, and is intended to be, a contract to extend financial accommodations to the Borrower within the meaning of Section 365(e)(2)(B) of the Federal Bankruptcy Code (11 U.S.C. § 365(e)(2)(B)) (or any amended or successor provision thereof or any amended or successor code).
(g)    Cumulative Rights.  For the avoidance of doubt, the rights and remedies granted to the Lenders or the Administrative Agent under this Loan Agreement, any other Transaction Document, the relevant UCC or any other Applicable Law are cumulative and not exclusive, and the exercise of any such rights and remedies will not be waived or deemed waived by any such Person merely by the receipt of or acceptance by such Person of amounts on deposit in the Collection Account that are distributed pursuant to Section 5.2(c) of this Loan Agreement.
Section 10.3    Lender Default.  If a Lender Default has occurred and is continuing, the Borrower shall have the right to prepay the outstanding principal amount of the Advances plus accrued and unpaid interest thereon at par (provided that such prepayment shall not reduce the amount of the Participation Interest with respect to any Pledged Policy) or sell its assets (subject to the sale provisions of Section 2.7(a)); provided that the Borrower shall not have the right to incur any other debt unless the Administrative Agent, at the direction of the Required Lenders, approves such debt in their sole and absolute discretion. Notwithstanding the foregoing, upon the occurrence and continuance of a Lender Default, all other rights and remedies of the Administrative Agent and the Lenders under this Loan Agreement and the other Transaction Documents shall remain in full force and effect. A Lender Default shall cease to exist upon the earlier of the date such Lender Default is cured by a Lender or the Ongoing Maintenance Costs Reimbursable Amount relating to such Lender Default is paid pursuant to Sections 5.2(b) and/or (c) hereof.
         ARTICLE XI     
INDEMNIFICATION
Section 11.1    General Indemnity of the Borrower.  Without limiting any other rights which any such Person may have hereunder or under Applicable Law, the Borrower hereby agrees to indemnify each Lender and the Administrative Agent (on their own behalf and on behalf of each of the Lenders’ and the Administrative Agent’s Affiliates and each of such entities’ respective successors, transferees, participants and permitted assigns and all officers, directors, shareholders, controlling persons, and employees of any of the foregoing) (each of the foregoing Persons being individually called an “Indemnified Party”), forthwith on demand, from and against any and all damages, losses, claims, liabilities and related and reasonable costs and expenses actually incurred, including reasonable attorneys’ fees and disbursements actually incurred (all of the foregoing being collectively called “Indemnified Amounts”) awarded against or incurred by any of them arising out of or relating to any Transaction Document or the transactions contemplated thereby, the acceptance and administration of this Loan Agreement by such Person, any commingling of funds related to the transactions contemplated hereby (whether or not permitted hereunder), or the use of proceeds therefrom by the Borrower, including (without limitation) in respect of the funding of any Advance or in respect of any Policy; excluding, however, (i) Indemnified Amounts to the extent determined by a court of competent jurisdiction to have resulted from gross negligence, fraud or willful 

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misconduct on the part of  any Indemnified Party (BUT EXPRESSLY EXCLUDING FROM THIS CLAUSE (i), AND EXPRESSLY INCLUDING IN THE INDEMNITY SET FORTH IN THIS SECTION 11.1, INDEMNIFIED AMOUNTS ATTRIBUTABLE TO THE ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE OF SUCH INDEMNIFIED PARTY, IT BEING THE INTENT OF THE PARTIES THAT, TO THE EXTENT PROVIDED IN THIS SECTION 11.1, INDEMNIFIED PARTIES SHALL BE INDEMNIFIED FOR THEIR OWN ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE NOT CONSTITUTING GROSS NEGLIGENCE, FRAUD OR WILLFUL MISCONDUCT), and (ii) any Indemnified Tax upon or measured by net income (except those described in Section 6.1(a)) on any Indemnified Party; including (without limitation), however, Indemnified Amounts resulting from or relating to:
(i)    any representation or warranty made by or on behalf of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, the Portfolio Manager, the Guarantor, the Initial Portfolio Manager or Imperial in any Transaction Document to which it is a party, which was incorrect in any respect when made;
(ii)    failure by the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, the Portfolio Manager, the Initial Portfolio Manager, the Guarantor or Imperial to comply with any covenant made by it, or perform any obligation to be performed by it, in any Transaction Document to which it is a party;
(iii)    except as expressly set forth in this Loan Agreement, the failure by the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, the Portfolio Manager, the Initial Portfolio Manager, the Guarantor or Imperial to create and maintain in favor of the Administrative Agent, for the benefit of the Secured Parties a valid perfected first priority security interest in the Collateral, free and clear of any Adverse Claim;
(iv)    the failure by the Borrower to pay when due any Taxes (including sales, excise or personal property taxes) payable in connection with the purchase and sale of the Collateral;
(v)    the commingling of the Collections with other funds of the Borrower;
(vi)    any legal action, judgment or garnishment affecting, or with respect to, distributions on any Pledged Policy or the Transaction Documents; and
(vii)    any failure to comply with any Applicable Law with respect to any Pledged Policy or any other part of the Collateral.
If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Borrower hereby agrees to make the maximum contribution to the payment of the amounts indemnified against in this Section 11.1 that is permissible under Applicable Law.
Section 11.2    General Indemnity of the Portfolio Manager.  Without limiting any other rights which any such Person may have hereunder or under Applicable Law, the Portfolio 

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Manager hereby agrees to indemnify each Indemnified Party, forthwith on demand, from and against any and all damages, losses, claims, liabilities and related and reasonable costs and expenses actually incurred, including reasonable attorneys’ fees and disbursements actually incurred (all of the foregoing being collectively called “Portfolio Manager Indemnified Amounts”) awarded against or incurred by any of them arising out of or relating to (i) any representation or warranty made by or on behalf of the Portfolio Manager in any Transaction Document to which it is a party, which was incorrect in any respect when made and (ii) failure by the Portfolio Manager to comply with any covenant made by it, or perform any obligation to be performed by it, in any Transaction Document to which it is a party; excluding, however, (A) Portfolio Manager Indemnified Amounts to the extent determined by a court of competent jurisdiction to have resulted from gross negligence, fraud or willful misconduct on the part of any Indemnified Party (BUT EXPRESSLY EXCLUDING FROM THIS CLAUSE (A), AND EXPRESSLY INCLUDING IN THE INDEMNITY SET FORTH IN THIS SECTION 11.2, PORTFOLIO MANAGER INDEMNIFIED AMOUNTS ATTRIBUTABLE TO THE ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE OF SUCH INDEMNIFIED PARTY, IT BEING THE INTENT OF THE PARTIES THAT, TO THE EXTENT PROVIDED IN THIS SECTION 11.2, INDEMNIFIED PARTIES SHALL BE INDEMNIFIED FOR THEIR OWN ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE NOT CONSTITUTING GROSS NEGLIGENCE, FRAUD OR WILLFUL MISCONDUCT). If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Portfolio Manager hereby agrees to make the maximum contribution to the payment of the amounts indemnified against in this Section 11.2 that is permissible under Applicable Law.
Section 11.3    General Indemnity of the Initial Portfolio Manager.  Without limiting any other rights which any such Person may have hereunder or under Applicable Law, the Initial Portfolio Manager hereby agrees to indemnify each Indemnified Party, forthwith on demand, from and against any and all damages, losses, claims, liabilities and related and reasonable costs and expenses actually incurred, including reasonable attorneys’ fees and disbursements actually incurred (all of the foregoing being collectively called “Initial Portfolio Manager Indemnified Amounts”) awarded against or incurred by any of them arising out of or relating to (i) any representation or warranty made by or on behalf of the Initial Portfolio Manager in any Transaction Document to which it is a party, which was incorrect in any respect when made and (ii) failure by the Initial Portfolio Manager to comply with any covenant made by it, or perform any obligation to be performed by it, in any Transaction Document to which it is a party; excluding, however, (A) Initial Portfolio Manager Indemnified Amounts to the extent determined by a court of competent jurisdiction to have resulted from gross negligence, fraud or willful misconduct on the part of any Indemnified Party (BUT EXPRESSLY EXCLUDING FROM THIS CLAUSE (A), AND EXPRESSLY INCLUDING IN THE INDEMNITY SET FORTH IN THIS SECTION 11.3, INITIAL PORTFOLIO MANAGER INDEMNIFIED AMOUNTS ATTRIBUTABLE TO THE ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE OF SUCH INDEMNIFIED PARTY, IT BEING THE INTENT OF THE PARTIES THAT, TO THE EXTENT PROVIDED IN THIS SECTION 11.3, INDEMNIFIED PARTIES SHALL BE INDEMNIFIED FOR THEIR OWN ORDINARY, SOLE OR CONTRIBUTORY NEGLIGENCE NOT CONSTITUTING GROSS NEGLIGENCE, FRAUD OR WILLFUL MISCONDUCT). If and to the extent that the foregoing undertaking may be unenforceable for any reason, the Initial Portfolio Manager hereby agrees to make the maximum 

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contribution to the payment of the amounts indemnified against in this Section 11.3 that is permissible under Applicable Law.
         ARTICLE XII     
ADMINISTRATIVE AGENT
Section 12.1    Appointment.  Each Lender hereby irrevocably designates and appoints the Administrative Agent as the agent of such Lender under this Loan Agreement and the other Transaction Documents, and each such Lender irrevocably authorizes the Administrative Agent, in such capacity, to take such action on its behalf under the provisions of this Loan Agreement and the other Transaction Documents and to exercise such powers and perform such duties as are expressly delegated to the Administrative Agent by the terms of this Loan Agreement and the other Transaction Documents, together with such other powers as are reasonably incidental thereto. Notwithstanding any provision to the contrary elsewhere in this Loan Agreement, the Administrative Agent shall not have any duties or responsibilities, except those expressly set forth herein, or any fiduciary relationship with any Lender, and no implied covenants, functions, responsibilities, duties, obligations or liabilities shall be read into this Loan Agreement or any other Transaction Document or otherwise exist against the Administrative Agent.
Section 12.2    Delegation of Duties.  The Administrative Agent may execute any of its duties under this Loan Agreement and the other Transaction Documents by or through agents or attorneys-in-fact and shall be entitled to advice of counsel concerning all matters pertaining to such duties. The Administrative Agent shall not be responsible for the negligence or misconduct of any agents or attorneys-in-fact selected by it with reasonable care.
Section 12.3    Exculpatory Provisions.  Neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates shall be (a) liable for any action lawfully taken or omitted to be taken by it or such Person under or in connection with this Loan Agreement or any other Transaction Document (except for its or such Person’s own gross negligence, fraud or willful misconduct) or (b) responsible in any manner to any of the Lenders for any recitals, statements, representations or warranties made by the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Initial Servicer, the Guarantor, the Servicer, the Initial Portfolio Manager, the Portfolio Manager, the Securities Intermediary or the Custodian or any officer thereof contained in any Transaction Document to which it is a party or in any certificate, report, statement or other document referred to or provided for in, or received by the Administrative Agent under or in connection with, this Loan Agreement or any other Transaction Document or for the value, validity, effectiveness, genuineness, enforceability or sufficiency of this Loan Agreement or any other Transaction Document or for any failure of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Initial Servicer, the Guarantor, the Servicer, the Initial Portfolio Manager, the Portfolio Manager, the Securities Intermediary or the Custodian to perform its obligations hereunder or thereunder. The Administrative Agent shall not 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 Loan Agreement or any other Transaction Document, or to inspect the properties, books or records of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial, the Initial Servicer, the Guarantor, the 

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Servicer, the Initial Portfolio Manager, the Portfolio Manager, the Custodian or the Securities Intermediary.  The Administrative Agent shall not be required to take any action that, in its opinion or the opinion of its counsel, may expose the Administrative Agent to liability or that is contrary to this Loan Agreement or any other Transaction Document or Applicable Law, including for the avoidance of doubt any action that may be in violation of the automatic stay under any Debtor Relief Law or that may effect a forfeiture, modification or termination of property of any Lender.
Section 12.4    Reliance by the Administrative Agent.  The Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any note, writing, resolution, notice, consent, certificate, affidavit, letter, telecopy, telex, e-mail or teletype message, statement, order or other document or conversation believed by it to be genuine and correct and to have been signed, sent or made by the proper Person or Persons and upon advice and statements of legal counsel (including, without limitation, counsel to the Borrower, the Portfolio Manager, the Initial Portfolio Manager, the Initial Servicer, the Guarantor or the Servicer), independent accountants and other experts selected by the Administrative Agent. The Administrative Agent may deem and treat each Lender as the owner of its pro rata share of the Advances for all purposes unless a written notice of assignment, negotiation or transfer thereof shall have been filed with the Administrative Agent. The Administrative Agent shall be fully justified in failing or refusing to take any action under this Loan Agreement or any other Transaction Document unless it shall first receive such advice or concurrence of the Required Lenders as it deems appropriate or 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. Subject to the Transaction Documents, the Administrative Agent shall in all cases be fully protected in acting, or in refraining from acting, under this Loan Agreement and the other Transaction Documents in accordance with a request of the Required Lenders, and such request and any action taken or failure to act pursuant thereto shall be binding upon all the Lenders and all future holders of an interest in any of the Lender Notes.
Section 12.5    Notice of Default.  The Administrative Agent shall not be deemed to have knowledge or notice of the occurrence of any Unmatured Event of Default or Event of Default hereunder unless the Administrative Agent has received written notice from a Lender referring to this Loan Agreement, describing such Unmatured Event of Default or Event of Default and stating that such notice is a “notice of default”. In the event that the Administrative Agent receives such a notice, the Administrative Agent shall give notice thereof to the Lenders. The Administrative Agent shall take such action, subject to the Transaction Documents with respect to such Unmatured Event of Default or Event of Default as shall be directed by the Required Lenders.
Section 12.6    Non-Reliance on the Administrative Agent and Other Lenders.  Each Lender expressly acknowledges that neither the Administrative Agent nor any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates has made any representations or warranties to it and that no act by the Administrative Agent hereinafter taken, including any review of the affairs of the Borrower, the Portfolio Manager, the Initial Servicer, the Guarantor, the Initial Portfolio Manager or the Servicer, shall be deemed to constitute any representation or warranty by the Administrative Agent to any Lender. Each Lender represents to the Administrative Agent that it has, independently and without reliance upon the Administrative Agent or any other Lender, and based on such documents and information as it has deemed appropriate, made its own appraisal of, and investigation 

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into, the business, operations, property, financial and other condition and creditworthiness of the Borrower, the Portfolio Manager, the Initial Servicer, the Guarantor, the Initial Portfolio Manager and the Servicer and made its own decision to make its Advances hereunder and enter into this Loan Agreement. Each Lender also represents that it will, independently and without reliance upon the Administrative Agent 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 analysis, appraisals and decisions in taking or not taking action under this Loan Agreement and the other Transaction Documents, and to make such investigation as it deems necessary to inform itself as to the business, operations, property, financial and other condition and creditworthiness of the Borrower, the Portfolio Manager, the Initial Servicer, the Guarantor, the Initial Portfolio Manager and the Servicer. Except for notices, reports and other documents expressly required to be furnished to the Lenders by the Administrative Agent hereunder, the Administrative Agent shall not have any duty or responsibility to provide any Lender with any credit or other information concerning the business, operations, property, condition (financial or otherwise), prospects or creditworthiness of the Borrower, the Portfolio Manager, the Initial Servicer, the Guarantor, the Initial Portfolio Manager or the Servicer which may come into the possession of the Administrative Agent or any of its officers, directors, employees, agents, attorneys-in-fact or Affiliates.
Section 12.7    Indemnification.  The Lenders agree to indemnify the Administrative Agent in its capacity as such (to the extent not reimbursed by the Borrower and without limiting the obligation of the Borrower to do so), ratably according to their outstanding Advances, from and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements of any kind whatsoever which may at any time (including, without limitation, at any time following the payment of all of the Lender Notes) be imposed on, incurred by or asserted against the Administrative Agent in any way relating to or arising out of, the Commitments, this Loan Agreement, any of the other Transaction Documents or any documents contemplated by or referred to herein or therein or the transactions contemplated hereby or thereby or any action taken or omitted by the Administrative Agent under or in connection with any of the foregoing; provided that no Lender shall be liable for the payment of any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting solely from the Administrative Agent’s gross negligence, fraud or willful misconduct. The agreements in this Section 12.7 shall survive the payment of all of the Lender Notes and all other amounts payable hereunder and the termination of this Loan Agreement.
Section 12.8    The Administrative Agent in Its Individual Capacity.  The Administrative Agent and its Affiliates may make loans to, accept deposits from and generally engage in any kind of business with the Borrower, the Servicer, Imperial, the Portfolio Manager, the Guarantor, the Initial Servicer, the Initial Portfolio Manager or any of their Affiliates as though the Administrative Agent were not the Administrative Agent hereunder and under the other Transaction Documents. With respect to Advances made or renewed by it, the Administrative Agent shall have the same rights and powers under this Loan Agreement and the other Transaction Documents as any Lender and may exercise the same as though it were not the Administrative Agent, and the terms “Lender” and “Lenders” shall include the Administrative Agent in its individual capacity.

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Section 12.9    Successor Administrative Agent.  The Administrative Agent may resign as the Administrative Agent upon twenty (20) days’ notice to the Lenders effective upon the appointment of a successor agent. If the Administrative Agent shall resign as the Administrative Agent under this Loan Agreement and the other Transaction Documents, then the Required Lenders shall appoint a successor agent for the Lenders, which successor agent shall be an Affiliate of the Administrative Agent or a commercial bank organized under the laws of the United States of America or any State thereof or under the laws of another country which is doing business in the United States of America and, if such successor agent is not an Affiliate of the Administrative Agent, together with its Affiliates, having a combined capital, surplus and undivided profits of at least $100,000,000, which, if such successor agent is not an Affiliate of the Administrative Agent, shall be reasonably acceptable to the Borrower, whereupon such successor agent shall succeed to the rights, powers and duties of the Administrative Agent, and the term “Administrative Agent” shall mean such successor agent effective upon such appointment and approval, and the former Administrative Agent’s rights, powers and duties as the Administrative Agent shall be terminated, without any other or further act or deed on the part of such former Administrative Agent or any of the parties to this Loan Agreement or any holders of an interest in any of the Lender Notes. After any retiring Administrative Agent’s resignation as the Administrative Agent, all of the provisions of this Article XII shall inure to its benefit as to any actions taken or omitted to be taken by it while it was the Administrative Agent under this Loan Agreement and the other Transaction Documents.
       ARTICLE XIII     
MISCELLANEOUS
Section 13.1    Amendments, Etc.  No amendment or waiver of, or consent to the Borrower’s departure from, any provision of this Loan Agreement shall be effective unless it is in writing and signed by the Administrative Agent, with the written consent of the Required Lenders (or, in the case of any amendment, waiver or consent that would result in a decrease in the interest rate on any Advance, a reduction in the principal amount of any Advance, an extension of time to make any payment of principal or interest on any Advance, the extension of the Commitment Termination Date or a release of all or any substantial portion of the Collateral (other than as expressly contemplated hereunder), by each Affected Party), and then such amendment, waiver or consent shall be effective only in the specific instance and for the specific purpose for which it was given.  No amendment or waiver of, or consent to the departure of any other party from, any provision of this Loan Agreement shall be effective unless it is in writing and signed by an officer of the Borrower or the Portfolio Manager for itself and on behalf of the Borrower. The Borrower hereby expressly authorizes the Portfolio Manager to execute any such amendment, waiver or consent on behalf of the Borrower.
Section 13.2    Notices, Etc.  All notices, directions, instructions, demands and other communications provided for hereunder shall, unless otherwise stated herein, be in writing (including electronic mail communication) and sent to each party entitled thereto, at its address set forth on Schedule 13.2, or at such other address as shall be designated by such party in a written notice to the other parties hereto. All such notices, directions, instructions, demands and communications shall be effective: (a) if sent by overnight courier, on the Business Day after the day sent, (b) if by U.S. mail, three (3) Business Days after being deposited in the mail, (c) if delivered personally, when 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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delivered, and (d) if sent by electronic mail, when the sender thereof shall have received electronic confirmation of the transmission thereof (provided that should such day not be a Business Day, on the next Business Day), except any such notice, direction, demands or other communications to the Administrative Agent shall only be effective upon actual receipt.
Section 13.3    No Waiver; Remedies.  No failure on the part of any party to exercise, and no delay in exercising, any right hereunder or under any Transaction Document shall operate as a waiver thereof; nor shall any single or partial exercise of any right hereunder preclude any other or further exercise thereof or the exercise of any other right. The remedies herein provided are cumulative and not exclusive of any remedies provided by law. For the avoidance of doubt, the execution by the Lenders and the Administrative Agent of this Loan Agreement shall not operate as a waiver of any breach by the Borrower, the Initial Portfolio Manager or the Initial Servicer of any of their respective representations, warranties or obligations under the Original Loan Agreement, the Original Amended and Restated Loan Agreement or the other Transaction Documents.
Section 13.4    Binding Effect; Assignability; Term. This Loan Agreement shall be binding upon and inure to the benefit of the Borrower, each Lender, the Administrative Agent, the Portfolio Manager, the Initial Portfolio Manager, the Initial Servicer and the Guarantor, and their respective successors and assigns, except that no party shall have the right to assign any of their respective rights, or to delegate any of their respective duties and obligations, hereunder without the prior written consent of the other parties except as set forth below. The Initial Lender may assign up to 49.9% of its Lender Notes, Commitment and Advances hereunder, and any other Lender may assign all or any portion of its Lender Notes, Commitment and Advances hereunder, in each case pursuant to an assignment and assumption agreement in substantially the form attached hereto as Exhibit C (each, an “Assignment and Assumption Agreement”), and in each case to (1) any Affiliate; or (2) any financial institution or other Person with the approval of the Required Lenders and, so long as no Event of Default has occurred and is continuing, the Borrower; provided that (i) any such assignment shall be in an amount of not less than the lesser of (A) $2,000,000 and (B) one-hundred percent (100%) of such Lender’s outstanding Advances (provided, however, that in no event shall the Initial Lender fail to constitute at least fifty and one-tenths percent (50.1%) of the Lenders), (ii) the assigning Lender shall promptly give written notice of such assignment to the Administrative Agent and the Borrower and (iii) the assignee agrees in writing to be bound by the provisions of this Loan Agreement. Any attempted assignment or delegation in breach of this Section 13.4 shall be null and void. Notwithstanding the foregoing, (i) the Initial Lender or any Affiliate of the Initial Lender that becomes a Lender hereunder may, without the consent of the Borrower, assign all or any portion of its Lender Notes, Commitment and Advances hereunder to an Affiliate of the Initial Lender or such Affiliate or any Person that directly or indirectly owns any equity interest in the Initial Lender or such Affiliate and (ii) any Lender may, without the consent of the Borrower, (a) assign all of its Lenders Notes, Commitment and Advances hereunder to any Person if such Lender determines in its sole and absolute discretion that remaining a Lender hereunder would have an adverse regulatory impact on such Lender and (b) sell participation interests in its Advances and obligations hereunder to any Person or pledge any of its rights hereunder to any federal reserve bank, federal home loan bank or any federal depository institution. Any Lender which assigns all or any portion of its Lender Notes, Commitment and Advances hereunder pursuant to this Section 13.4 may retain or assign all or any portion of its interest in the Aggregate Participation Interest. For the avoidance of doubt, any 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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Person which does not hold any Lender Note, has no Commitment hereunder and in respect of which no Advances are outstanding, but which has an interest in the Aggregate Participation Interest, shall not be included in determining the Required Lenders. Pursuant to Section 13.4 of the original Amended and Restated Loan Agreement, the Initial Lender represented to the Borrower that, as of the Original Amended and Restated Closing Date, it was an entity (x) that was a corporation formed under the laws of the United States or a U.S. state; (y) whose equity owners, were individuals who were citizens or residents of the United States for U.S. federal income tax purposes; and (z) did not carry on any trade or business in Ireland through a local branch or agency; and it had no current intention to cease to be such an entity.  he Borrower hereby acknowledges that no Lender is making any representation other than the representation that was made by the Initial Lender as of the Original Amended and Restated Closing Date as identified in the immediately preceding sentence; provided however, if the Initial Lender becomes aware that it ceases to be an entity of the type described in the immediately preceding sentence or if any Lender that is not the Initial Lender or an Affiliate thereof becomes aware that it ceases to be (i) an entity that (a) is formed as a corporation or other body corporate under the laws of the United States or a U.S. state, (b) is taxed as a corporation on its worldwide income for U.S. federal income tax purposes and (c) does not carry on any trade or business in Ireland through a local branch or agency, (ii) an individual who is a citizen or resident of the United States for United States federal income tax purposes or (iii) an entity that (a) is formed under the laws of the United States or a U.S. state as a partnership (or other entity not qualifying under clause (i) above), (b) all of whose partners are entities described in clause (i) or (ii) above or this clause (iii) or all of the ultimate recipients of the interest payable under this Loan Agreement are entities described in clause (i) or (ii) above or this clause (iii) or are Qualified Persons, (c) does not carry on any trade or business in Ireland through a local branch or agency and (d) whose business is conducted through such entity for market reasons and not for Irish tax avoidance purposes, within ten (10) Business Days of the date on which the Initial Lender or such Lender, as applicable, becomes aware that it ceased to be such an entity, the Initial Lender or such Lender, as applicable, shall provide written notice thereof to the Borrower, the other Lenders and the Administrative Agent, and, if based on the written advice from a nationally recognized tax advisor (which written advice the Borrower shall simultaneously provide or cause to be provided to the Administrative Agent), solely as a result of the Initial Lender or such Lender, as applicable ceasing to be such an entity, payments of interest under this Loan Agreement result in the Borrower ceasing to qualify for benefits under the Treaty, then within sixty (60) Business Days of the Borrower’s receipt of such written notice, the Borrower may prepay all of the outstanding principal balance of Advances plus accrued but unpaid interest thereon plus all other Obligations owing by the Borrower (excluding the Aggregate Participation Interest and including, for the avoidance of doubt, the Amortization Shortfall Amounts for all of the Shortfall Pledged Policies that remain unpaid). For the avoidance of doubt, upon such prepayment, the Borrower shall remain obligated to repay the Aggregate Participation Interest in accordance with the terms hereof. This Loan Agreement shall create and constitute the continuing obligation of the parties hereto in accordance with its terms, and shall remain in full force and effect until such time as the Commitments have terminated and all the principal of and interest on the Advances and all other Obligations are paid in full, including, without limitation, the Aggregate Participation Interest; provided that rights and remedies of the Lenders and the Administrative Agent, as applicable, under Article XI and Section 3.1, Section 3.3 and Section 13.8 shall survive any termination of this Loan Agreement.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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Section 13.5    Governing Law; Jury Trial.  (a) THIS LOAN AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH STATE, EXCLUDING CHOICE OF LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.
(a)    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 ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE TRANSACTIONS CONTEMPLATED BY THIS LOAN AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS.
Section 13.6    Execution in Counterparts.  his Loan 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 of an executed counterpart of this Loan Agreement by facsimile or transmitted electronically in either Tagged Image File Format (“TIFF”) or Portable Document Format (“PDF”) shall be equally effective as delivery of a manually executed counterpart hereof.  Any party delivering an executed counterpart of this Loan Agreement by facsimile, TIFF or PDF shall also deliver a manually executed counterpart hereof, but failure to do so shall not affect the validity, enforceability, or binding effect of this Loan Agreement.
Section 13.7    Submission to Jurisdiction.  Each party hereto hereby submits to the exclusive jurisdiction of the courts of the State of New York and of any Federal court located in the State of New York (or any appellate court from any thereof) in any action or proceeding arising out of or relating to this Loan Agreement or the transactions contemplated hereby. Each party hereto hereby irrevocably waives any objection that it may have to the laying of venue of any such proceeding and any claim that any such proceeding has been brought in an inconvenient forum.
Section 13.8    Costs and Expenses.  In addition to its obligations under Section 3.3 and Article XI, the Borrower agrees to pay on demand:
(a)    all reasonable and actual costs and expenses incurred by the Administrative Agent and each Lender in connection with (i) the preparation, execution, delivery, administration and enforcement of, or any actual or claimed breach of or any amendments, waivers or consents under or with respect to, this Loan Agreement, the Lender Notes and the other Transaction Documents (whether or not such amendment, waiver or consent becomes effective), including, without limitation, the reasonable fees and expenses of counsel to any of such Persons actually incurred in connection therewith, (ii) the perfection of Administrative Agent’s security interest in the Collateral, (iii) the maintenance of the Accounts and the Policy Account, and (iv) the audit of the books, records and procedures of the Portfolio Manager, the Initial Servicer, the Initial Portfolio Manager, the Guarantor or the Borrower by the Administrative Agent’s auditors (which may be employees of the Administrative Agent), and

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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(b)    all stamp and other Taxes and fees payable or determined to be payable in connection with the execution, delivery, filing and recording of this Loan Agreement, the Lender Notes or the other Transaction Documents, and agrees to indemnify each Indemnified Party against any liabilities with respect to or resulting from any delay in paying or omission to pay such Taxes and fees.
Section 13.9    Severability of Provisions.  If any one or more provisions of this Loan Agreement shall for any reason be held invalid, then such provisions shall be deemed severable from the remaining provisions of this Loan Agreement and shall in no way affect the validity or enforceability of other provisions of this Loan Agreement.
Section 13.10    Entire Agreement.  THIS LOAN AGREEMENT AND THE OTHER TRANSACTION DOCUMENTS EXECUTED AND DELIVERED HEREWITH REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES HERETO AND THERETO AND MAY NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OF THE PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES.
Section 13.11    Conflicts.  With respect to the matters set forth herein, in the event of any conflict between the provisions of this Loan Agreement and the provisions of any collateral assignment related to a Pledged Policy, the provisions of this Loan Agreement shall govern and control.
Section 13.12    Confidentiality.  No party to this Loan Agreement that receives any Confidential Information (the “Receiving Party”) from any other party (the “Disclosing Party”) under this Loan Agreement or any other Transaction Document shall disclose any Confidential Information to any Person without the consent of the Disclosing Party, other than to the Servicer, Portfolio Manager, Securities Intermediary, Custodian, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Receiving Party’s Affiliates and its and their respective officers, directors, employees, trustees, agents and advisors (collectively, its “Representatives”) and to actual or prospective assignees under Section 13.4, and then only on a confidential basis, (b) as required by any law, rule or regulation or judicial process, including any requirements to make disclosures thereof pursuant to applicable securities laws, (c) as requested or required by any state, Federal or foreign authority or examiner (including the National Association of Insurance Commissioners or any similar organization or quasi-regulatory authority) regulating the Receiving Party, the Servicer, Portfolio Manager, Securities Intermediary, Custodian, the Guarantor, the Initial Portfolio Manager, the Initial Servicer and/or their respective Affiliates (d) to any rating agency when required by it, provided that, prior to any such disclosure, such rating agency shall undertake to preserve the confidentiality of any Confidential Information relating to the Disclosing Party received by it from the Receiving Party, in connection with any litigation or proceeding to which the Receiving Party, the Servicer, Portfolio Manager, Securities Intermediary, Custodian, the Guarantor, the Initial Servicer, the Initial Portfolio Manager and/or their respective Affiliates may be a party, (f) in connection with the exercise of any right or remedy under this Loan Agreement or any other Transaction Document, and any related or subsequent sale or other transaction involving any of the Collateral or other collateral or assets pledged pursuant to any Transaction Document to secure the repayment of the Advances or (g) if 

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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any such Confidential Information becomes publicly available so long as such availability is not caused by the Receiving Party or any of its Affiliates or any of their respective officers, directors, employees, trustee, agents and advisors. Notwithstanding the foregoing, it is expressly agreed that following the Initial Closing Date, the Original Amended and Restated Closing Date and the date hereof, the Initial Lender may make or cause to be made a press release, public announcement or publicity statement (including placing a “tombstone” advertisement) relating to this Loan Agreement; provided that the parties hereto will consult with each other regarding the content and timing of any such press release, public announcement or publicity statement.
Section 13.13    Limitation on Liability.  TO THE EXTENT PERMITTED BY APPLICABLE LAW, AND NOTWITHSTANDING ANY OTHER PROVISION OF THIS LOAN AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS, THE ADMINISTRATIVE AGENT, THE LENDERS OR ANY INDEMNIFIED PARTY SHALL NOT BE LIABLE TO ANY PARTY FOR ANY INDIRECT, SPECIAL, PUNITIVE OR CONSEQUENTIAL DAMAGES IN CONNECTION WITH THEIR RESPECTIVE ACTIVITIES RELATED TO THIS LOAN AGREEMENT, THE OTHER TRANSACTION DOCUMENTS, THE TRANSACTIONS CONTEMPLATED THEREBY, THE LENDER NOTES, THE ADVANCES OR OTHERWISE IN CONNECTION WITH THE FOREGOING. WITHOUT LIMITING THE FOREGOING, THE PARTIES AGREE THAT NEITHER THE ADMINISTRATIVE AGENT, THE LENDERS NOR ANY INDEMNIFIED PARTY SHALL BE SUBJECT TO ANY EQUITABLE REMEDY OR RELIEF, INCLUDING SPECIFIC PERFORMANCE OR INJUNCTION RELATING TO ANY FAILURE BY ANY SUCH PARTY TO MAKE ANY ADVANCE UNDER, OR SUCH PARTY DECLINING TO MAKE ANY ADVANCE UNDER, THIS LOAN AGREEMENT.  NOTWITHSTANDING ANYTHING HEREIN TO THE CONTRARY, IN NO EVENT SHALL LENDERS’ LIABILITY FOR FAILURE TO FUND ANY ADVANCE EXCEED THE AMOUNT OF SUCH ADVANCE AND $20,000,000 IN AGGREGATE FOR ALL ADVANCES.
Section 13.14    Relationship of Parties.  Notwithstanding the obligation of the Borrower to pay the Aggregate Participation Interest to the Lenders in accordance with the terms hereof and that Advances made from time to time hereunder may be used to pay Ongoing Maintenance Costs, the relationship of each Secured Party and the Borrower is solely one of lender and borrower and this Loan Agreement does not constitute a partnership, tenancy-in- common, joint tenancy or joint venture between any of the Secured Parties and the Borrower, nor does this Loan Agreement create an agency or fiduciary relationship between any of the Secured Parties and the Borrowers. The Borrower is not the representative or agent of any of the Secured Parties and no Secured Party is a representative or agent of the Borrower. The parties hereto intend that the relationship among them shall be solely that of creditor and debtor. No Secured Party shall in any way be responsible or liable for the debts, losses, obligations or duties of the Borrower.
Section 13.15    Acknowledgment.  By their execution of this Agreement, each of the Guarantor, the Initial Servicer, the Initial Portfolio Manager and the Portfolio Manager acknowledge that on May 16, 2014, the Borrower converted from being a Delaware limited liability company to a Delaware limited partnership and that the Borrower entered into the Original Loan Agreement when it was previously known as White Eagle Asset Portfolio, LLC, a Delaware limited liability company.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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Section 13.16    Release.  By their execution of this Agreement, each of the Borrower, the Initial Servicer, the Initial Portfolio Manager, the Portfolio Manager and the Guarantor does hereby fully and unconditionally release, remise, acquit and forever discharge the Administrative Agent, each Lender, their respective subsidiaries, divisions, Affiliates, assigns, predecessor and successor companies, members, employees, officers, directors, shareholders, independent contractors, agents, attorneys, principals, representatives, transferees, subrogees, executors, administrators, trustees, fiduciaries, beneficiaries and assigns, and each of them, including, in the case of natural persons, both in their individual and any corporate, representative or other capacity(s) (collectively, the "Lender Releasees") of and from any and all past, present or future claims (including claims for indemnification or contribution), causes of actions, rights, suits, debts, due charges, complaints, obligations (monetary and non-monetary), promises. demands, liabilities, disputes, controversies, damages and expenses (including attorneys' fees and costs) of any nature whatsoever, in law or in equity, contract. tort or other legal theory, whether known or unknown, fixed or contingent, foreseen or unforeseen, asserted Or unasserted, whether previously existing, currently existing or arising in the future, whether under federal or state or other law, based upon. arising out of or related to the Transaction Documents or any transactions or arising thereunder or any related acts, failures to act, misrepresentations, misstatements, facts, events, transactions or occurrences, which the Borrower, the Initial Servicer, the Initial Portfolio Manager. the Portfolio Manager and the Guarantor now have, claim to have, or may have in the future against the Lender Releasees and any and all other claims, causes of actions, rights, suits, debts, due charges, complaints, obligations (monetary and non-monetary), promises, demands, liabilities, disputes, controversies. damages and expenses (including attorneys' fees and costs), in each case, arising prior to the Second Amended and Restated Closing Date which the Borrower, the Initial Servicer, the Initial Portfolio Manager, the Portfolio Manager and the Guarantor now have, claim to have, or may have in the future against the Lender Re!castes. regardless of whether such claims. causes of actions, rights, suits, debts, disputes, controversies, damages or expenses relate to the Transaction Documents.

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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IN WITNESS WHEREOF, the parties have caused this Second Amended and Restated Loan and Security Agreement to be executed by their respective officers thereunto duly authorized as of the day and year first above written.
	
			
	WHITE EAGLE ASSET PORTFOLIO, LP, as Borrower

	By White Eagle General Partner, I.I.C. a Delaware limited liability company, its General Partner

	By:
	 

	Name.
	Jason Sutherlind

	Title:
	Vice Pretident

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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	IMPERIAL FINANCE & TRADING, LLC,

	as Initial Servicer, as Initial Portfolio Manager and as Guarantor

	By:
	 

	Name
	Mirian Martinez

	Title:
	CFO

	LAMINGTON ROAD BERMUDA LTD.,

	as Portfolio Manager

	By:
	 

	Name:
	David M. Thompson

	Title:
	Director

	LNV CORPORATION, as Initial Lender

	By:
	 

	Name:
	Jacob Cherner

	Title:
	Executive Vice President

	GLMG CORP., as Administrative Agent

	By:
	 

	Name:
	Douglas Kagiss

	Title:
	Executive Vice President

SECOND AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT, AMONG WHITE EAGLE ASSET PORTFOLIO, LP, IMPERIAL FINANCE & TRADING, LLC, LAMINGTON ROAD BERMUDA LTD., LNV CORPORATION AND CLMG CORP.
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	•
	Schedule 2.1(a)

	
		
	Lenders’ Commitments

	Lender
	Commitment

	LNV Corporation
	$370,000,000

•    Schedule 7.1(a)(i)
Collateral Assignment Exception Policy
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
								
	No Collateral Assignment will be filed for the following Retained Death Benefit Policy:

	[*]
	[*]
	[*]
	8/15/2008
	[*]
	10,000,000.00
	14.00%
	86.00%

•     Schedule 7.1(f)
Policy Delivery Exception Policies
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

	
					
	Schedule 7.1(f ) Duplicate Policies Ordered Not Yet Been Received*

	Last Name
	First Name
	Carrier
	Policy #
	Type

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

	[*]
	[*]
	[*]
	[*]
	Balance Sheet

* As of April 29 2013

•     Schedule 8.1(i)
Attempted Rescission Exercise Policies
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

	
								
	Schedule 8.1(i)

	Deal Type
	Quote Internal ID
	Policy Owner Last Name
	Policy Owner First Name
	Policy #
	Issue Date
	Insurance Company
	Death Benefit

	Life Settlement Retained Death Benefit
	[*]
	[*]
	[*]
	[*]
	5/15/2008
	[*]
	10,000,000.00

	Life Settlement Retained Death Benefit
	Two subsidiaries of Imperial Holdings. Inc., Imperial Premium Finance, LLC ("IPF) and Imperial Life Settlements, LLC ("ILS," and together with IPF, the "Imperial Parties"), were named as a parties in the matter styled Hal Katersky (the "Insured"), Barry Lavine as the Individual Trustee of the Amended and Restated Hal Katersky Irrevocable Life Insurance Trust DTD 8/29/2008 ("Katersky Trust'), Hillary A. Katersky, Andrew Katersky, Robin Katersky, Jeffery Katersky and Dylan Zelman (collectively with the Insured, Barry Lavine and the Katersky Trust, the "Katersky Parties') v. Imperial Premium Finance, LLC: Imperial Life Settlements, LLC; Bank of Utah; and the Lincoln National Life Insurance Company ("Lincoln"), filed on May 23, 2012, in the United States District Court for the Central District of California. The Katersky Parties sought equitable remedies, attorneys; fees and monetary damages.
On September 20, 2012, the Katersky Parties and the Imperial Parties reached a settlement to resolve all claims. The settlement provided that once the jointly submitted change of ownership and beneficiary forms were recorded by Lincoln, the parties would file a stipulation of dismissal with prejudice. which would dismiss the case against all defendants. The change forms that were submitted to - and recorded by Lincoln pursuant to the settlement agreement designated an entity designated by the Imperial Parties as the owner and primary beneficiary of the Policy, and allowed the Katersky Parties to designate an irrevocable beneficiary entitled to $1.4 million of the $10 million net death benefit. Pursuant to a joint motion for dismissal filed by all parties, the case was dismissed with prejudice on November 15, 2012.

	Life Settlement Retained Death Benefit

	Life Settlement Retained Death Benefit

	Life Settlement Retained Death Benefit

	Life Settlement Retained Death Benefit

	Premium Finance – Ratained Death Benefit

•      Schedule 8.1(m)
Proceedings
On April 18, 2013, Sun Life Assurance Company of Canada (“Sun Life”) filed a complaint against Emergent  Capital, Inc., f/k/a Imperial Holdings, Inc. (the “Company”) and several of its affiliates in the United States District Court for the Southern District of Florida, entitled Sun Life Assurance Company of Canada v. Imperial Holdings, Inc., et al. (“Sun Life Case”), asserting, among other things, that at least 28 life insurance policies issued by Sun Life and owned by the Company through certain of its subsidiary companies were invalid. The Sun Life complaint, as amended, asserted: (1) violations of the federal Racketeer Influenced and Corrupt Organizations ("RICO") Act, (2) conspiracy to violate the RICO Act, (3) common law fraud, (4) aiding and abetting fraud, (5) civil conspiracy to commit fraud, (6) tortious interference with contractual obligations, and (7) a declaration that the policies issued were void. On December 9, 2014, counts (2), (4), (5), (6) and (7) of the Sun Life Case were dismissed with prejudice. On February 4, 2015, the Court issued an order granting the Company’s motion for summary judgment on counts (1) and (3), resulting in the Company prevailing on all counts in the Sun Life Case. On July 29, 2013, the Company filed a separate complaint against Sun Life entitled Imperial Premium Finance, LLC v. Sun Life Assurance Company of Canada ("Imperial Case"), which was subsequently consolidated with the Sun Life Case. The Imperial complaint asserted claims against Sun Life for breach of contract, breach of the covenant of good faith and fair dealing, and fraud. On February 3, 2016, the District Court set a trial date for the Imperial Case for October 31, 2016.  On September 22, 2016, the Court granted summary judgment in favor of Sun Life on the entirety of the Imperial complaint and subsequently entered final judgment to end the case. After denial of its motion to alter or amend the judgment, the Company filed a Notice of Appeal on January 12, 2017. Sun Life filed a Notice of Cross Appeal on January 24, 2017.

•   Schedule 8.1(q)
Material Adverse Changes
None.

•       Schedule 8.1(s)
Account Information
	
					
	Account Description
	 
	Bank
	 
	Account No.

	Collection Account
	 
	Wilmington Trust, National Association
	 
	 

	Payment Account
	 
	Wilmington Trust, National Association
	 
	 

	Borrower Account
	 
	Wilmington Trust, National Association
	 
	 

	Escrow Account
	 
	Wilmington Trust, National Association
	 
	 

	Policy Account
	 
	Wilmington Trust, National Association
	 
	 

•     Schedule 8.1(u)
Unmatured Events of Default and Events of Default
None.

•      Schedule 8.1(w)
Retained Death Benefit Policies
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

Schedule 8.1(w)
	
					
	Name
	Policy Number
	Carrier
	Face Amount
	Borrower Net Death Benefit

	[*]
	[*]
	[*]
	$1,500,000
	$690,000

	[*]
	[*]
	[*]
	$1,600,000
	$1,200,000

	[*]
	[*]
	[*]
	$3,000,000
	$2,100,000

	[*]
	[*]
	[*]
	$15,000,000
	$13,950,000

	[*]
	[*]
	[*]
	$1,000,000
	$750,000

	[*]
	[*]
	[*]
	$10,000,000
	$6,000,000

	[*]
	[*]
	[*]
	$1,000,000
	$590,000

	[*]
	[*]
	[*]
	$1,000,000
	$590,000

	[*]
	[*]
	[*]
	$2,000,000
	$1,180,000

	[*]
	[*]
	[*]
	$500,000
	$295,000

	[*]
	[*]
	[*]
	$5,000,000
	$2,400,000

	[*]
	[*]
	[*]
	$1,500,000
	$675,000

	[*]
	[*]
	[*]
	$15,000,000
	$10,950,000

	[*]
	[*]
	[*]
	$10,000,000
	$7,000,000

	[*]
	[*]
	[*]
	$500,000
	$220,000

•         Schedule 8.3(i)
Imperial Finance Information Request
Investigation of Imperial Holdings, Inc.(the "Company") by the Internal Revenue Service Criminal Investigations division as further described in the Current Report on Form 8-K filed on February 19, 2014 and in the Annual  Report on Form 10-K for the year ended December 31, 2013, filed on March 10, 2014. Holdings has confirmed that the investigation relates to its former structured settlements business and believes that the investigation is focused on excise tax obligations, if any. In May 2016, the Company was informed that the investigation had been closed.

•     Schedule 8.3(l)
Imperial Finance Material Adverse Changes
None.

    •     Schedule 13.2
Notice Addresses
CLMG CORP.
7195 Dallas Parkway
Plano, TX 75024
Attention: James Erwin
Telephone: 469-467-5414
Facsimile: 469-467-3433
Email: jerwin@clmgcorp.com
* * * * *
LNV Corporation
c/o CLMG Corp.
7195 Dallas Parkway
Plano, TX 75024
Attention: James Erwin
Telephone: 469-467-5414
Facsimile: 469-467-3433
Email: jerwin@clmgcorp.com
* * * * *
WHITE EAGLE ASSET PORTFOLIO, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX
Bermuda
Email: whiteeagle@lamington.ie
With a copy to: COReilly@emergentcapital.com
* * * * *
WHITE EAGLE GENERAL PARTNER, LLC
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX
Bermuda
Email: whiteeagle@lamington.ie
With a copy to: COReilly@emergentcapital.com
* * * * *

LAMINGTON ROAD BERMUDA LTD.
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX
Bermuda
Email: lrbermuda@lamington.ie
With a copy to: COReilly@emergentcapital.com
* * * * *
Lamington Road Designated Activity Company
Grand Canal House
2nd Floor Palmerston House
Fenian Street
Dublin 2
Ireland
Attention: The Directors
Phone: +353 1 905 8020
Email: whiteeagle@lamington.ie
With a copy to: COReilly@emergentcapital.com
* * * * *
IMPERIAL FINANCE & TRADING, LLC
5355 Town Center Rd #701
Boca Raton, FL 33486
Attention: Office of General Counsel
Email: COReilly@emergentcapital.com
* * * * *
MARKLEY ASSET PORTFOLIO, LLC
5355 Town Center Rd #701
Boca Raton, FL 33486
Attention: Office of General Counsel
Email: COReilly@emergentcapital.com
* * * * *
OLIPP IV, LLC
5355 Town Center Rd #701
Boca Raton, FL 33486
Attention: Office of General Counsel
Email: COReilly@emergentcapital.com
* * * * *

EMERGENT CAPITAL, INC.
5355 Town Center Rd #701
Boca Raton, FL 33486
Attention: Office of General Counsel
Email: COReilly@emergentcapital.com
* * * * *

        •     Eligibility Criteria Clause (a) Schedule
Eligibility Criteria Clause (a) Policy Exceptions
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
							
	Eligibility Criteria Clause (a) Exceptions*

	Policy Owner Last Name
	Policy Owner First Name
	Policy #
	Issue Date
	Insurance Company
	Death Benefit
	Current Policy Owner

	[*]
	[*]
	[*]
	6/11/2007
	[*]
	2,000,000.00
	[*]

	[*]
	[*]
	[*]
	8/11/2008
	[*]
	2,500,000.00
	[*]

	[*]
	[*]
	[*]
	5/7/2008
	[*]
	10,000,000.00
	[*]

	[*]
	[*]
	[*]
	11/26/2009
	[*]
	2,000,000.00
	[*]

•    Eligibility Criteria Clause (c) Schedule
Eligibility Criteria Clause (c) Policy Exceptions
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (C) Schedule
	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$5,000,000

•    Eligibility Criteria Clause (d) Schedule
Eligibility Criteria Clause (d) Policy Exceptions
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (D) Schedule
	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$2,000,000

•     Eligibility Criteria Clause (f) Schedule
Eligibility Criteria Clause (f) Policy Exceptions
[Attached]

Eligibility Criteria Clause (F) Schedule
None

•    Eligibility Criteria Clause (g) Schedule
Eligibility Criteria Clause (g) Policy Exceptions
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (g) Exceptions
	
														
	Quote Internal ID
	Policy Owner Last Name
	Policy Owner First Name
	Policy #
	Insurance Company
	Death Benefit
	21st LE in Months
	21st Certificate Date
	21st-Mort Factor
	AVS LE in Months
	AVS-Mort Factor
	AVS Date of Underwriting

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	2/28/2010
	[*]
	[*]
	[*]
	2/25/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	9/30/2009
	[*]
	[*]
	[*]
	 

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,000,000.00
	

	[*]
	3/1/2010
	[*]
	[*]
	[*]
	3/2/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	6/17/2010
	[*]
	[*]
	[*]
	12/28/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	6/24/2010
	[*]
	[*]
	[*]
	6/30/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	5/11/2010
	[*]
	[*]
	[*]
	5/12/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	4/15/2010
	[*]
	[*]
	[*]
	4/20/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,900,000.00
	

	[*]
	6/11/2010
	[*]
	[*]
	[*]
	6/10/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,500,000.00
	

	[*]
	6/26/2009
	[*]
	[*]
	[*]
	6/25/2009

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	8/9/2010
	[*]
	[*]
	[*]
	2/25/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	450,000,000
	

	[*]
	7/28/2008
	[*]
	[*]
	[*]
	1/21/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	2/15/2010
	[*]
	[*]
	[*]
	2/16/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	4/12/2010
	[*]
	[*]
	[*]
	3/8/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	15,000,000.00
	

	[*]
	6/16/2010
	[*]
	[*]
	[*]
	6/17/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,600,000.00
	

	[*]
	11/3/2010
	[*]
	[*]
	[*]
	11/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	7/12/2010
	[*]
	[*]
	[*]
	7/14/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	12/29/2010
	[*]
	[*]
	[*]
	1/30/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	5/21/2010
	[*]
	[*]
	[*]
	2/21/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	50,000,0000
	

	[*]
	11/1/2010
	[*]
	[*]
	[*]
	11/3/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,500,000.00
	

	[*]
	7/21/2010
	[*]
	[*]
	[*]
	7/26/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	5/3/2010
	[*]
	[*]
	[*]
	5/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,345,000.00
	

	[*]
	2/25/2010
	[*]
	[*]
	[*]
	2/25/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	4/29/2010
	[*]
	[*]
	[*]
	5/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,500,000.00
	

	[*]
	9/14/2010
	[*]
	[*]
	[*]
	9/21/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	5/3/2010
	[*]
	[*]
	[*]
	3/14/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	2,000,000 00
	

	[*]
	3/10/2010
	[*]
	[*]
	[*]
	2/15/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	12/29/2010
	[*]
	[*]
	[*]
	1/13/2011

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
															
	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,500,000.00
	

	[*]
	4/5/2010
	

	[*]
	[*]
	[*]
	4/9/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	11/3/2010
	

	[*]
	[*]
	[*]
	11/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	6/24/2010
	

	[*]
	[*]
	[*]
	1/12/2012

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	3/21/2011
	

	[*]
	[*]
	[*]
	3/25/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	3/27/2008
	

	[*]
	[*]
	[*]
	7/14/2008

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,800,000.00
	

	[*]
	5/12/2010
	

	[*]
	[*]
	[*]
	5/14/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	8/3/2010
	

	[*]
	[*]
	[*]
	2/7/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	9,500,000.00
	

	[*]
	7/17/2008
	

	[*]
	[*]
	[*]
	7/15/2008

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	3/22/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	6/18/2010
	

	[*]
	[*]
	[*]
	2/28/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	9,000,000.00
	

	[*]
	9/18/2007
	

	[*]
	[*]
	[*]
	1/22/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	8/16/2010
	

	[*]
	[*]
	[*]
	8/20/2030

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	9,000,000.00
	

	[*]
	7/19/2010
	

	[*]
	[*]
	[*]
	7/16/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,700,000.00
	

	[*]
	8/16/2010
	

	[*]
	[*]
	[*]
	2/15/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	9/8/2010
	

	[*]
	[*]
	[*]
	9/16/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	15,000,000.00
	

	[*]
	4/5/2010
	

	[*]
	[*]
	[*]
	4/12/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/26/2008
	

	[*]
	[*]
	[*]
	1/31/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/18/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	5/17/2010
	

	[*]
	[*]
	[*]
	5/11/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,900,000.00
	

	[*]
	6/11/2010
	

	[*]
	[*]
	[*]
	6/10/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	7/19/2010
	

	[*]
	[*]
	[*]
	7/21/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	8/26/2010
	

	[*]
	[*]
	[*]
	2/7/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	300,000,000
	

	[*]
	7/6/2010
	

	[*]
	[*]
	[*]
	7/7/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,500,000.00
	

	[*]
	7/1/2010
	

	[*]
	[*]
	[*]
	7/7/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	8/4/2010
	

	[*]
	[*]
	[*]
	8/6/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	6/17/2010
	

	[*]
	[*]
	[*]
	5/26/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	3/15/2010
	

	[*]
	[*]
	[*]
	3/7/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	125.00
	%
	[*]
	[*]
	[*]
	 

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	10/11/2010
	

	[*]
	[*]
	[*]
	10/19/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/26/2008
	

	[*]
	[*]
	[*]
	1/31/2113

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
														
	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/6/2010
	[*]
	[*]
	[*]
	8/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/9/2010
	[*]
	[*]
	[*]
	8/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/9/2010
	[*]
	[*]
	[*]
	8/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	9/28/2010
	[*]
	[*]
	[*]
	10/1/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	12/29/2010
	[*]
	[*]
	[*]
	1/17/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,000,000.00
	

	[*]
	6/25/2010
	[*]
	[*]
	[*]
	6/29/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	1/21/2010
	[*]
	[*]
	[*]
	1/19/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,400,000.00
	

	[*]
	10/12/2010
	[*]
	[*]
	[*]
	10/18/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	2/10/2010
	[*]
	[*]
	[*]
	3/12/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,750,000.00
	

	[*]
	12/29/2010
	[*]
	[*]
	[*]
	1/18/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	12/10/2009
	[*]
	[*]
	[*]
	12/11/2009

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	2/12/2010
	[*]
	[*]
	[*]
	7/12/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	5/11/2010
	[*]
	[*]
	[*]
	5/6/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	7/16/2010
	[*]
	[*]
	[*]
	7/27/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	4/8/2010
	[*]
	[*]
	[*]
	4/15/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	826,000.00
	

	[*]
	3/15/2010
	[*]
	[*]
	[*]
	3/10/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	20,000,000.00
	

	[*]
	6/23/2008
	[*]
	[*]
	[*]
	11/29/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	7/6/2010
	[*]
	[*]
	[*]
	7/12/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	10/6/2008
	[*]
	[*]
	[*]
	12/17/2008

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	9/7/2010
	[*]
	[*]
	[*]
	9/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	7/9/2010
	[*]
	[*]
	[*]
	7/9/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,000,000.00
	

	[*]
	8/9/2010
	[*]
	[*]
	[*]
	8/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	10/11/2010
	[*]
	[*]
	[*]
	10/18/7010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,128,000.00
	

	[*]
	6/29/2010
	[*]
	[*]
	[*]
	7/1/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,955,000.00
	

	[*]
	5/11/2010
	[*]
	[*]
	[*]
	5/10/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	4/9/2010
	[*]
	[*]
	[*]
	4/15/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	10/28/2010
	[*]
	[*]
	[*]
	3/20/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,500,000.00
	

	[*]
	4/5/2010
	[*]
	[*]
	[*]
	4/9/2010

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
														
	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,750,000.00
	

	[*]
	10/26/2010
	[*]
	[*]
	[*]
	1/14/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	6/24/2010
	[*]
	[*]
	[*]
	6/29/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,125,000.00
	

	[*]
	8/5/2010
	[*]
	[*]
	[*]
	3/19/2012

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	9,700,000.00
	

	[*]
	4/29/2010
	[*]
	[*]
	[*]
	4/30/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,784,000.00
	

	[*]
	2/12/2010
	[*]
	[*]
	[*]
	2/15/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	3/4/2010
	[*]
	[*]
	[*]
	12/15/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	9,800,000.00
	

	[*]
	3/26/2010
	[*]
	[*]
	[*]
	3/31/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,412,000.00
	

	[*]
	5/11/2010
	[*]
	[*]
	[*]
	2/15/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	4/5/2010
	[*]
	[*]
	[*]
	4/9/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,500,000.00
	

	[*]
	11/23/2009
	[*]
	[*]
	[*]
	3/1S/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	3/18/2010
	[*]
	[*]
	[*]
	3/18/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	1/4/2010
	[*]
	[*]
	[*]
	12/10/2009

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	10/28/2010
	[*]
	[*]
	[*]
	11/3/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,100,000.00
	

	[*]
	5/11/2010
	[*]
	[*]
	[*]
	2/21/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,000,000.00
	

	[*]
	2/23/2010
	[*]
	[*]
	[*]
	1/31/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	2/13/2010
	[*]
	[*]
	[*]
	1/28/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	6/17/2010
	[*]
	[*]
	[*]
	6/17/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,172,500.00
	

	[*]
	7/1/2010
	[*]
	[*]
	[*]
	1/30/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,200,000.00
	

	[*]
	5/28/2010
	[*]
	[*]
	[*]
	2/7/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	8/6/2008
	[*]
	[*]
	[*]
	1/18/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	10/13/2010
	[*]
	[*]
	[*]
	1/29/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	5/25/2010
	[*]
	[*]
	[*]
	5/28/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/9/2010
	[*]
	[*]
	[*]
	8/10/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	2/27/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	12/20/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	2/13/2010
	[*]
	[*]
	[*]
	2/16/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,025,000.00
	

	[*]
	4/29/2010
	[*]
	[*]
	[*]
	5/3/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,200,000.00
	

	[*]
	4/14/2010
	[*]
	[*]
	[*]
	4/22/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	3/10/2010
	[*]
	[*]
	[*]
	1/12/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,800,000.00
	

	[*]
	9/21/2010
	[*]
	[*]
	[*]
	10/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	1/13/2010
	[*]
	[*]
	[*]
	1/30/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	11/12/2008
	[*]
	[*]
	[*]
	12/14/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	3/19/2008
	[*]
	[*]
	[*]
	1/23/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,500,000.00
	

	[*]
	8/14/2008
	[*]
	[*]
	[*]
	6/6/2011

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
															
	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	4/15/2010
	

	[*]
	[*]
	[*]
	4/21/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	7/14/2010
	

	[*]
	[*]
	[*]
	2/12/21113

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,500,000.00
	

	[*]
	9/28/2010
	

	[*]
	[*]
	[*]
	2/15/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	11/21/2008
	

	[*]
	[*]
	[*]
	6/1/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	3/11/2009
	

	[*]
	[*]
	[*]
	2/13/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	2/26/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	3/21/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	3/17/2008
	

	[*]
	[*]
	[*]
	1/31/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	2/22/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,500,000.00
	

	[*]
	5/19/2010
	

	[*]
	[*]
	[*]
	2/14/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,500,000.00
	

	[*]
	5/19/2010
	

	[*]
	[*]
	[*]
	2/14/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,500,000.00
	

	[*]
	5/19/2010
	

	[*]
	[*]
	[*]
	2/14/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	2/7/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	2/22/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	3/14/2009
	

	[*]
	[*]
	[*]
	7/18/2012

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	10/11/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	3/8/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	4,000,00000
	

	[*]
	5/13/2010
	

	[*]
	[*]
	[*]
	5/26/2009

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	7/29/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	7/21/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	3/4/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	12/29/2008
	

	[*]
	[*]
	[*]
	9/29/7011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,500,000.00
	

	[*]
	8/6/2010
	

	[*]
	[*]
	[*]
	8/16/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	2/16/2009
	

	[*]
	[*]
	[*]
	11/23/2008

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	2/22/2008
	

	[*]
	[*]
	[*]
	1/4/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	100.00
	%
	[*]
	[*]
	[*]
	 

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,500,000.00
	

	[*]
	12/10/2010
	

	[*]
	[*]
	[*]
	9/30/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	6/7/2010
	

	[*]
	[*]
	[*]
	2/7/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/15/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/12/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/28/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	10/29/2008
	

	[*]
	[*]
	[*]
	6/22/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/12/2010

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
														
	[*]
	[*]
	[*]
	[*]
	[*]
	10,00,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	2/11/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/17/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	3/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	10/29/2008
	[*]
	[*]
	[*]
	6/22/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	11/30/2009
	[*]
	[*]
	[*]
	10/18/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	5/22/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	1/17/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,250,000.00
	

	[*]
	4/14/2010
	[*]
	[*]
	[*]
	5/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	8/2/2011
	[*]
	[*]
	[*]
	8/1/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	8,000,000.00
	

	[*]
	5/26/2010
	[*]
	[*]
	[*]
	7/27/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	4/20/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,000,000.00
	

	[*]
	11/20/2009
	[*]
	[*]
	[*]
	10/20/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	6/9/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	3/25/2010
	[*]
	[*]
	[*]
	4/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,200,000.00
	

	[*]
	7/19/2010
	[*]
	[*]
	[*]
	10/15/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,000,000.00
	

	[*]
	9/2/2009
	[*]
	[*]
	[*]
	7/20/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	5/17/2011
	[*]
	[*]
	[*]
	6/9/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	5/5/2008
	[*]
	[*]
	[*]
	11/15/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	6/17/2010
	[*]
	[*]
	[*]
	1/31/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	4/2/2013

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	5/29/2010
	[*]
	[*]
	[*]
	7/2/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,200,000.00
	

	[*]
	10/11/2010
	[*]
	[*]
	[*]
	11/8/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	3,000,000.00
	

	[*]
	10/25/2010
	[*]
	[*]
	[*]
	1/21/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,100,000.00
	

	[*]
	11/8/2010
	[*]
	[*]
	[*]
	11/5/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,000,000.00
	

	[*]
	4/9/2010
	[*]
	[*]
	[*]
	1/5/2011

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
														
	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	3/25/2010
	[*]
	[*]
	[*]
	3/30/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	4/8/2010
	[*]
	[*]
	[*]
	4/13/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	5/6/2011
	[*]
	[*]
	[*]
	2/10/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	2,000,000.00
	

	[*]
	 
	[*]
	[*]
	[*]
	3/21/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	7,000,000.00
	

	[*]
	8/5/2010
	[*]
	[*]
	[*]
	2/22/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	11/1/2010
	[*]
	[*]
	[*]
	11/30/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	3/5/2010
	[*]
	[*]
	[*]
	11/11/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	5,000,000.00
	

	[*]
	10/7/2010
	[*]
	[*]
	[*]
	10/11/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	7/7/2010
	[*]
	[*]
	[*]
	7/8/2010

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	9,000,000.00
	

	[*]
	2/3/2011
	[*]
	[*]
	[*]
	7/14/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	1,000,000.00
	

	[*]
	12/28/2010
	[*]
	[*]
	[*]
	5/23/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	8/30/2010
	[*]
	[*]
	[*]
	5/17/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	6,000,000.00
	

	[*]
	4/18/2012
	[*]
	[*]
	[*]
	7/26/2012

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	4,000,000.00
	

	[*]
	9/25/2011
	[*]
	[*]
	[*]
	5/17/2011

	[*]
	[*]
	[*]
	[*]
	[*]
	$
	10,000,000.00
	

	[*]
	5/17/2011
	[*]
	[*]
	[*]
	6/9/2011

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause G Schedule
	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$11,400,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$8,500,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$4,800,000

	[*]
	[*]
	[*]
	$4,300,000

	[*]
	[*]
	[*]
	$9,000,000

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$959,700

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,257,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$13,950,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$1,589,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$735,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$220,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$17,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	
				
	[*]
	[*]
	[*]
	$690,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,548,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$3,399,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$1,180,000

	[*]
	[*]
	[*]
	$295,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,300,000

	[*]
	[*]
	[*]
	$1,150,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$630,000

	[*]
	[*]
	[*]
	$3,450,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$1,850,000

	[*]
	[*]
	[*]
	$1,200,000

	[*]
	[*]
	[*]
	$2,500,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$5,800,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,140,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$863,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,990,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$7,339,026

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$500,000

	[*]
	[*]
	[*]
	$10,950,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$6,650,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,585,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,250,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,180,826

	[*]
	[*]
	[*]
	$1,478,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,100,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,345,000

	[*]
	[*]
	[*]
	$1,030,179

•    Eligibility Criteria Clause (h) Schedule
Eligibility Criteria Clause (h) Policy Exceptions
[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
														
	Eligibility Criteria Clause (h) Exceptions

	Internal
ID
	Quote
Internal
ID
	Policy
Owner
Last
Name
	Policy
Owner
First
Name
	Policy #
	Insurance Company
	Death Benefit
	21st LE in Months
	21st Certificate Date
	21st Mort Factor
	AVS LE in Months
	AVS- Mort Factor
	AVS Date of Underwriting
	Average LE

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00
	[*]
	2/13/2010
	[*]
	[*]
	[*]
	2/16/2010
	[*]

		
	•
	Eligibility Criteria Clause (i) Schedule

Eligibility Criteria Clause (i) Policy Exceptions

[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (i) Exceptions

	
							
	Internal
ID
	Quote
Internal
ID
	Policy
Owner
Last
Name
	Policy
Owner
First
Name
	Policy #
	Insurance Company
	Death Benefit

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$20,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$15,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$15,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$14,000,000.00

	 
	 
	 
	 
	 
	 
	 

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause I Schedule

	
				
	

Name
	Policy Number
	

Carrier
	

Net Death Benefit

	[*]
	[*]
	[*]
	$11,400,000

	[*]
	[*]
	[*]
	$13,950,000

	[*]
	[*]
	[*]
	$17,700,000

	[*]
	[*]
	[*]
	$10,950,000

	[*]
	[*]
	[*]
	$15,000,000

		
	•
	Eligibility Criteria Clause (l) Schedule

Eligibility Criteria Clause (l) Policy Exceptions

[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause L Schedule

	
				
	

Name
	

Policy Number
	

Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$7,000,000

	[*]
	[*]
	[*]
	$4,000,000

		
	•
	Eligibility Criteria Clause (m) Schedule

Eligibility Criteria Clause (m) Policy Exceptions

[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
						
	Eligibility Criteria Clause (m) Schedule I Exceptions

	Internal ID
	Quote
Internal Policy Owner Last Name  
ID
	Policy Owner First Name
	Policy #
	Insurance Company
	Death Benefit

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$20,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,345,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,200,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,200,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,900,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
						
	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$15,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,128,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$4,200,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$35,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.	
						
	[*]
	[*]
	[*]
	[*]
	[*]
	$1,200,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$15,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,800,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$9,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,400,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$826,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$14,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
						
	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$9,700,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,025,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (M-HIPAA) Schedule

	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$4,800,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$5,548,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$5,800,000

	[*]
	[*]
	[*]
	$1,140,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,478,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$15,000,000

	[*]
	[*]
	[*]
	$2,345,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (M-Death Certificate Authorization) Schedule

	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$9,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$13,950,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$4,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$7,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,180,826

	[*]
	[*]
	[*]
	$1,030,179

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Eligibility Criteria Clause (M-Power of Attorney) Schedule

	
				
	Name
	Policy Number
	Carrier
	Net Death Benefit

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,180,826

	[*]
	[*]
	[*]
	$2,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$11,400,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$2,770,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$8,500,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$4,800,000

	[*]
	[*]
	[*]
	$4,300,000

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$945,000

	[*]
	[*]
	[*]
	$959,700

	[*]
	[*]
	[*]
	$1,257,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$1,589,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$735,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$900,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$220,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$17,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$4,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,300,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,548,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$3,399,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,034,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,300,000

	[*]
	[*]
	[*]
	$1,150,000

	[*]
	[*]
	[*]
	$1,250,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$4,505,000

	[*]
	[*]
	[*]
	$630,700

	[*]
	[*]
	[*]
	$630,000

	[*]
	[*]
	[*]
	$7,140,000

	[*]
	[*]
	[*]
	$3,450,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$1,850,000

	[*]
	[*]
	[*]
	$1,200,000

	[*]
	[*]
	[*]
	$1,100,000

	[*]
	[*]
	[*]
	$3,500,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$2,600,000

	[*]
	[*]
	[*]
	$1,255,000

	[*]
	[*]
	[*]
	$5,800,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,140,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$863,000

	[*]
	[*]
	[*]
	$892,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,990,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$850,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$840,000

	[*]
	[*]
	[*]
	$10,950,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$6,650,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,585,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$2,538,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,250,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,478,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$2,400,000

	[*]
	[*]
	[*]
	$675,000

	[*]
	[*]
	[*]
	$15,000,000

	[*]
	[*]
	[*]
	$2,855,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,100,000

	[*]
	[*]
	[*]
	$2,345,000

		
	•
	Initial Advance Lexington Schedule

AIG Subrogated Policies

[Attached]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	
							
	Internal
ID
	Quote
Internal   Policy Owner Last Name  
ID
	Policy  
Owner First  
Name
	Person-  
Social  
Security
	Policy It
	Insurance Company
	Death Benefit   Current Owner

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,200,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,900,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	               $              10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     3,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     7,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,300,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    15,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$       4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$      4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,345,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$                10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$                10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,600,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,173,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$                10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
							
	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,200,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,800,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,700,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    15,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,250,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,400,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
							
	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,750,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,300,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,379,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   826,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    20,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$        777,350.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   830,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,405,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   6,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   775,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,128,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,955,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     5,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
							
	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,700,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,784,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,800,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000,00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,412,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00   Wilmington Trust, N.A. as Securities intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     5,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000,00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,100,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     3,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,172,500,00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,200,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,025,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,200,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     3,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	
							
	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   6,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   6,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   6,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   6,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     2,500,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     2,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000,00   Wilmington Trust, N.A. as Securities Intermediary

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
							
	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,875,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     5,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     1,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     7,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     3,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     3,500,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   8,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   4,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,875,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,200,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   9,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,850,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,750,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     2,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,125,000.00   Wilmington Trust, N.A. as Securities Intermediary

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
							
	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     4,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     5,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000,00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$     2,000,000.00 Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,800,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   5,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000.000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   10,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,000,000.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   1,758,713.00   Wilmington Trust, N.A. as Securities Intermediary

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   3,500,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,500,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   7,500,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$   2,000,000.00   Imperial PFC Financing LLC

	[*]
	[*]
	[*]
	[*]
	[*]
	[*]
	$    10,000,000.00   Imperial PFC Financing LLC

		
	•
	    EXHIBIT A

FORM OF BORROWING REQUEST
[DATE]
CLMG Corp.,
as Administrative Agent  
7195 Dallas Parkway  
Plano, TX 75024
Attention: James Erwin  
Telephone: 469-467-5414  
Facsimile: 469-467-3433  
Email: jerwin@clmgcorp.com 
Ladies and Gentlemen:

Reference is made to the Second Amended and Restated Loan and Security Agreement, dated as of January 31, 2017 (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among White Eagle Asset Portfolio, LP, as Borrower, the financial institutions party thereto, as Lenders, Imperial Finance & Trading, LLC, as Initial Servicer, Initial Portfolio Manager and Guarantor, Lamington Road Bermuda Ltd., as Portfolio Manager, and CLMG Corp., as Administrative Agent. All capitalized terms used but not defined herein shall have the meanings assigned to them in Annex I to the Loan Agreement.
The undersigned hereby gives you irrevocable notice, pursuant to Section 2.2 of the Loan Agreement, that it requests an Advance under the Loan Agreement and in connection therewith sets forth the following information related to such Advance: 
		
	(i)
	The Advance is [an Additional Policy Advance]1  [an Ongoing Maintenance Advance]2 ;

		
	(ii)
	The principal amount of the proposed Advance is $[    ]; [and]

		
	(iii)
	[The Additional Policies to be pledged in connection with such Advance are identified on Exhibit A;]1 [The proceeds of such Advance shall be used for the purposes set forth on Schedule I; and]2 

[(iv)] The Borrowing Base Certificate is attached hereto as Exhibit [A]2 [B]1.
[The undersigned hereby confirms that the related Collateral Packages have been uploaded to the FTP Site.] 1

1 To be included if Advance is an Additional Policy Advance.
2 To be included if Advance is an Ongoing Maintenance Advance.

The undersigned hereby certifies that as of the date hereof, and as of the date of the requested Advance, all conditions precedent to the making of the Advance as set forth in Section [7.2][7.3][7.4]3 [7.5]4  of the Loan Agreement have been met.
In accordance with the Loan Agreement, the undersigned hereby irrevocable requests the Administrative Agent to process this request.
Very truly yours,
WHITE EAGLE ASSET PORTFOLIO, LP
By White Eagle General Partner, LLC, a Delaware limited liability company, its General Partner
By:                                    
Name:  
Title:
3 To be included if Advance is first Advance following the Original Amended and Restated Closing Date.
4 To be included if Advance is first Advance following the Second Amended and Restated Closing Date.

[EXHIBIT A TO THE BORROWING REQUEST]
[ADDITIONAL] POLICIES
[Attach a spreadsheet containing the following data points for each Policy included in the Borrowing Request:
1.    Case Number
2.    Insured #1
a.Age
b.Date of Birth
c.Date of Death
d.Gender
e.Smoking Status
3.    Insured #2 (if applicable)
a.Age
b.Date of Birth
c.Date of Death
d.Gender
e.Smoking Status
4.    Number of Insured Lives
5.    Owner State of Residence
6.    Domicile of Trust (if applicable)
7.    Policy Issue Date
8.    Policy State of Issuance
9.    Policy Number
10. Issuing Insurance Company
11. Issuing Insurance Company Credit Rating
12. Initial Face Amount
13. Current Face Amount
14. [Current Policy Account Balance][ Not required until after Imperial receives the policy’s next account statement, which will be after the policy anniversary date.]
15. Type of Death Benefit (A, B, C)
16. Policy Rating
17. Policy Type (Term, Whole life, Variable Universal, Universal)
18. Premium Finance (yes/no)
19. Premium Finance Program (if applicable)
20. Beneficial Interest Transfer (yes/no)
21. Beneficial Interest Program (if applicable)
22. Policy Purchase Price (first related entity to acquire policy)
23. Policy Cost Basis
24. Premiums Paid to Date (since policy origination)
25. Medical Underwriting/reports
a.    Insured #1 
i.AVS, EMSI or Fasano – (LE / Mortality Multiplier / Date)
ii.21st Services (Median LE / Mean LE / Mortality Multiplier / Date)
b.    Insured #2 (if applicable) 
i.AVS, EMSI or Fasano – (LE / Mortality Multiplier / Date)
ii.21st Services (Median LE / Mean LE / Mortality Multiplier / Date)
26. Death Benefit Payable Monthly or Quarterly out through Age 120
27. [Level Premiums Payable Monthly or Quarterly through Age 120][ Not required until next illustrations are received following the Closing Date.]
28. Optimized Premiums Payable Monthly or Quarterly through Age 120 with confirmation computed from policy illustration or Policy (disclosing whether shadow account or no lapse guarantee exists)
29. Authorizations for Annuities or Annuities currently in place]

EXHIBIT [A][B] TO THE BORROWING REQUEST
BORROWING BASE CERTIFICATE

 [SCHEDULE I TO THE BORROWING REQUEST]
USES OF ONGOING MAINTENANCE ADVANCE

		
	•
	    EXHIBIT B

FORM OF LENDER NOTE
[New York, New York]
Up to $[370,000,000]    [ ], 20[    ] 

FOR VALUE RECEIVED, the undersigned, White Eagle Asset Portfolio, LP, a Delaware limited partnership (the “Borrower”) promises to pay to the order of [ ], a [ ] (together with its successors and permitted assigns, the “Lender”), in its capacity as a Lender, the aggregate unpaid principal amount of all Advances made by the Lender to, or for the benefit of, the Borrower, as recorded either on the grid attached to this Note or in the records of the Lender (and such recordation shall constitute prima facie evidence of the information so recorded; provided, however, that the failure to make any such recordation shall not in any way affect the Borrower’s obligation to repay this Note). The principal amount of each Advance evidenced hereby shall be payable on or prior to the Maturity Date as provided in the Loan Agreement. Borrower also promises to pay to the Lender all other Obligations (which, for the avoidance of doubt, may exceed $[370,000,000]).
The Borrower further promises to pay interest on the unpaid principal amount of this Note from time to time outstanding, payable as provided in the Loan Agreement, at the rates per annum provided in the Loan Agreement; provided, however, that such interest rate shall not at any time exceed the maximum rate permitted by Applicable Law. All payments of principal of and interest on this Note shall be payable in lawful currency of the United States of America at the office of the Lender as provided in the Loan Agreement, in immediately available funds.
This Note is one of the Lender Notes referred to in that certain Second Amended and Restated Loan and Security Agreement, dated as of January 31, 2017 (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among the Borrower, the financial institutions party thereto, as Lenders, [CLMG Corp.], as Administrative Agent, Imperial Finance & Trading, LLC, as Initial Servicer, Initial Portfolio Manager and Guarantor, and Lamington Road Bermuda Ltd., as Portfolio Manager. Capitalized terms used herein and not otherwise defined herein shall have the meanings assigned to such terms in Annex I to the Loan Agreement. In the event of any conflict between any term or provision of this Note and the Loan Agreement, the terms and provisions of the Loan Agreement shall govern and control. This Note is secured pursuant to the security interests granted in the Loan Agreement and the other Transaction Documents and reference is hereby made to the Loan Agreement and the other Transaction Documents for a statement of the terms and provisions of such security interests.
All parties now or hereafter liable with respect to this Note, whether as makers, endorsers, or otherwise, severally waive presentment for payment, demand, protest, and notice of dishonor and notice of the existence or nonpayment of all or any of the Advances.
Upon the occurrence of any Event of Default, all amounts then remaining unpaid on this Note shall become, or may be declared to be, immediately due and payable, all as provided in the Loan Agreement.

This Note shall be governed by and construed in accordance with the laws of the State of New York applicable to contracts made and to be performed in such State, excluding choice of law principles of the laws of such State that would require the application of the laws of a jurisdiction other than such State.
IN WITNESS WHEREOF, the undersigned has caused this Note to be executed by its duly authorized officer as of the day and year first above written.
WHITE EAGLE ASSET PORTFOLIO, LP
By: White Eagle General Partner, LLC, a Delaware limited liability company, its General Partner
By:                                  
Name:  
Title:

GRID ATTACHED TO NOTE
DATED [    ], 20[ ]  
WHITE EAGLE ASSET PORTFOLIO, LLC, AS BORROWER  
PAYABLE TO THE ORDER OF  
[____]
	
						
	Date
	Amount of
Advance
	Outstanding
Principal
Balance
	Interest Rate
	Interest Period
	Notation Made
By

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

	 
	 
	 
	 
	 
	 

		
	•
	    EXHIBIT C

FORM OF ASSIGNMENT AND ASSUMPTION AGREEMENT

ASSIGNMENT AND ASSUMPTION AGREEMENT, dated as of [    ], 20[ ] (“Agreement”), by and between [    ], a [    ] (“Assignor”), and [    ], a [    ] (“Assignee”). 
1.    Reference to Loan Agreement. Reference is made to that certain Second Amended and Restated Loan and Security Agreement, dated as of January 31, 2017 (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among White Eagle Asset Portfolio, LP, as Borrower, the financial institutions party thereto, as Lenders, Imperial Finance & Trading, LLC, as Initial Servicer, Initial Portfolio Manager and Guarantor, Lamington Road Bermuda Ltd., as Portfolio Manager, and CLMG Corp., as Administrative Agent. Capitalized terms used but not defined herein have the meanings ascribed to them in the Loan Agreement.
2.    Assignment. The Assignor hereby sells and assigns to the Assignee without recourse and without representation or warranty (other than as expressly provided herein), and the Assignee hereby purchases and assumes from the Assignor, that interest in and to all of the Assignor’s rights and obligations under the Loan Agreement as of the date hereof which represents the percentage interest specified in Item 2 of Annex I attached hereto (the “Assigned Share”) of all of its outstanding rights and obligations under the Loan Agreement, including, without limitation, all rights and obligations with respect to the Assigned Share of the Commitment and all outstanding Advances.
3.    Representations and Warranties of Assignor. 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 liens or security interests; (ii) makes no representation or warranty and assumes no responsibility with respect to any statements, representations or warranties made in or in connection with the Loan Agreement or the other Transaction Documents or the execution, legality, validity, enforceability, genuineness, sufficiency or value of the Loan Agreement or the other Transaction Documents 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 the Borrower or the performance or observance by the Borrower of any of their obligations under the Loan Agreement or the other Transaction Documents or any other instrument or document furnished pursuant thereto.
4.    Representations and Warranties of Assignee. The Assignee (i) represents and warrants that it is authorized to enter into and perform the terms of this Agreement, the Loan Agreement and the other Transaction Documents to which it will become a party pursuant to this Agreement; (ii) confirms that it has received a copy of the Loan Agreement and the other Transaction Documents, together with such other documents and information as it has deemed appropriate to make its own credit analysis and decision to enter into this Agreement; (iii) agrees that it will, independently and without reliance upon the Administrative Agent, 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 Loan Agreement; (iv) appoints and authorizes the Administrative Agent to take such action as agent on its behalf and to exercise 

such powers under the Loan Agreement and the other Transaction Documents as are delegated to the Administrative Agent by the terms thereof, together with such powers as are reasonably incidental thereto; and (v) agrees that it shall be bound by the provisions of the Loan Agreement.
5.    Settlement Date. Following the execution of this Agreement by the Assignor and the Assignee, an executed original hereof (together with all attachments) will be delivered to the Administrative Agent. The effective date of this Assignment Agreement shall be the later of (x) the date upon which the following conditions have been satisfied: (i) the execution hereof by the Assignor and the Assignee and (ii) to the extent required the Loan Agreement, the consent hereto by the Required Lenders and/or the Borrower has been obtained or (y) such date as is otherwise specified in Item 3 of Annex I hereto (the “Settlement Date”).
6.    Joinder. Upon the delivery of a fully executed original hereof to the Administrative Agent, as of the Settlement Date, (i) the Assignee shall be a party to the Loan Agreement and, to the extent provided in this Agreement, have the rights and obligations of a Lender thereunder and under the other Transaction Documents and (ii) the Assignor shall, to the extent provided in this Agreement, relinquish its rights and be released from its obligations under the Loan Agreement and the other Transaction Documents with respect to the Assigned Share.
7.    Payments. Upon the effectiveness of this Agreement, the Assignee shall be entitled to all interest on the Assigned Share of the Advances at the rates determined in accordance with the Loan Agreement attached hereto which accrue on and after the Settlement Date, such interest to be paid to the Assignee pursuant to the provisions of Sections 5.2(b) and 5.2(c) of the Loan Agreement. It is further agreed that all payments of principal [and the Participation Interest Percentage] made on the Assigned Share of the Advances which occur on and after the Settlement Date will be paid to the Assignee pursuant to the provisions of Sections 5.2(b), 5.2(c) and 5.2(e) of the Loan Agreement, as applicable. Upon the Settlement Date, the Assignee shall pay to the Assignor an amount specified by the Assignor in writing which represents the Assigned Share of the principal amount of the respective Advances made by the Assignor pursuant to the Loan Agreement which are outstanding on the Settlement Date, net of any closing costs. The Assignor and the Assignee shall make all appropriate adjustments in payments under the Loan Agreement for periods prior to the Settlement Date directly between themselves.
8.    Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND TO BE PERFORMED IN SUCH STATE, EXCLUDING CHOICE OF LAW PRINCIPLES OF THE LAW OF SUCH STATE THAT WOULD REQUIRE THE APPLICATION OF THE LAWS OF A JURISDICTION OTHER THAN SUCH STATE.
[Remainder of Page Intentionally Left Blank]

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

By:                             
Name:                             
Title:                             

[NAME OF ASSIGNEE], 
as Assignee

By:                             
Name:                             
Title:                             

[Acknowledged and Agreed:

[        ], 
as a Lender

By:                         
Name:                         
Title:                         

By:                         
Name:                         
Title:                         

[        ], 
as a Lender

By:                         
Name:                         
Title:                         

By:                         
Name:                         
Title:                         

[        ], 
as Borrower

By:                         
Name:                         
Title:                         

ANNEX I TO ASSIGNMENT AND ASSUMPTION AGREEMENT

1    Date of Assignment Agreement:

, 20__

2.    Amounts (as of date of Assignment Agreement):

(a)    Aggregate principal amount of outstanding Advances of all Lenders: 

$                

(b)    Assigned Share of (a) above:

%

(c)    Amount of assigned principal of outstanding Advances:

$                 

3.    Settlement Date:

, 20__
 

		
	•
	EXHIBIT D

FORM OF CALCULATION DATE REPORT
Calculation Date Report 
Dated as of _____________
For the Distribution Date occurring on __________

		
	I.
	Account Balances as of the dated of this Calculation Date Report are as follows:

	
			
	 
	Collection Account
	$

	 
	Payment Account
	$

	 
	Borrower Account
	$

	 
	Escrow Account
	$

		
	II.
	Prior to the Partial Repayment Date, so long as an Unmatured Event of Default or an Event of Default has not occurred and is not continuing, funds on deposit in the Collection Account shall be distributed as provided in the following stages of the Priority of Payment pursuant to Section 5.2(b) of the Second Amended and Restated Loan and Security Agreement:

	
		
	First:
	$____________

	Second:
	$____________

	Third:
	$____________

	Fourth:
	$____________

	Fifth:
	$____________

	Sixth:
	$____________

	Seventh:
	$____________

	Eighth:
	$____________

	Ninth:
	$0

	Tenth:
	$____________

	Eleventh:
	$____________

	Twelfth:
	$____________

	Thirteenth:
	$____________

		
	III.
	Prior to the Partial Repayment Date, if an Unmatured Event of Default or Event of Default has occurred and is continuing and is not waived in writing by the Required Lenders, funds on deposit in the Collection Account shall be distributed as provided in the following stages of the Priority of Payments pursuant to Section 5.2(c) of the Second Amended and Restated Loan and Security Agreement:

	
		
	First:
	$____________

	Second:
	$____________

	Third:
	$____________

	Fourth:
	$____________

	Fifth:
	$____________

	Sixth:
	$____________

	Seventh:
	$____________

	Eighth:
	$____________

	Ninth:
	$____________

	Tenth:
	$____________

	Eleventh:
	$____________

	Twelfth:
	$____________

	Thirteenth:
	$0

	Fourteenth:
	$____________

	Fifteenth:
	$____________

	Sixteenth:
	$____________

	Seventeenth:
	$____________

		
	IV.
	Following the Partial Repayment Date, funds on deposit in the Collection Account shall be distributed in the following stages of the Priority of Payments pursuant to Section 5.2(e) of the Second Amended and Restated Loan and Security Agreement:

	
		
	First:
	$____________

	Second:
	$____________

	Third:
	$____________

	Fourth:
	$____________

	Fifth:
	$____________

	Sixth:
	$____________

	Seventh:
	$____________

	Eighth:
	$0

	Ninth:
	$____________

	Tenth:
	$____________

	Eleventh:
	$____________

	Twelfth:
	$____________

The undersigned hereby certifies that the information set forth in this Calculation Date Report is true and correct.
White Eagle Asset Portfolio, LP, as Borrower

By:                          
Name:
Title:

		
	•
	EXHIBIT E

FORM OF ANNUAL BUDGET  
ATTACHED

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Operational Plan – 18 Months (May 2013 to October 2014)

	
															
	Draw Period
	Premiums
	 
	Servicing
	 
	Management
	 
	Audit
	 
	Other

	Total

	5-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	5-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	6-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	6-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	7-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	7-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	8-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	8-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	9-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	9-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	10-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	10-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	11-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	11-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	12-2013-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	12-2013-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	1-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	1-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	2-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	2-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	3-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	3-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	4-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	4-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
															
	5-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	5-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	6-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	6-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	7-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	7-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	8-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	8-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	9-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	9-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	10-2014-Draw 1
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	10-2014-Draw 2
	$       [*]
	$
	[*]
	$
	[*]
	$
	[*]
	$
	[*]
	$       [*]

	 
	 
	 
	 
	 
	 
	 
	 
	 
	 
	 

	Totals
	$       [*]
	$
	[*]
	$
	[*]
	 
	[*]
	$
	[*]
	$       [*]

•EXHIBIT F
FORM OF BORROWING BASE CERTIFICATE
[DATE]

CLMG Corp.,
as Administrative Agent 
7195 Dallas Parkway 
Plano, TX 75024
Attention: James Erwin 
Telephone: 469-467-5414 
Facsimile: 469-467-3433 
Email: jerwin@clmgcorp.com 

Ladies and Gentlemen:

This Borrowing Base Certificate is delivered to you pursuant to Section 2.2 of that certain Second Amended and Restated Loan and Security Agreement, dated as of January 31, 2017 (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among White Eagle Asset Portfolio, LP, as Borrower, the financial institutions party thereto, as Lenders, Imperial Finance & Trading, LLC, as Initial Servicer, Initial Portfolio Manager and Guarantor, Lamington Road Bermuda Ltd., as Portfolio Manager, and CLMG Corp., as Administrative Agent. All capitalized terms used but not defined herein shall have the meanings assigned to them in Annex I to the Loan Agreement.
[The Borrower] 1 [The Portfolio Manager, on behalf of the Borrower,]2 hereby:
		
	•
	certifies that as of the date hereof, the Borrowing Base is $_______________;

		
	•
	certifies that as of the date hereof, the aggregate amount of outstanding Advances, together with accrued but unpaid interest thereon is $________________;

		
	•
	certifies that after giving effect to the proposed Advance, the aggregate principal amount of all the outstanding Advances, together with accrued but unpaid interest thereon, will not exceed the Borrowing Base.

[The Borrower’s]1[The Portfolio Manager’s]2 delivery [on behalf of the Borrower]2 of this Borrowing Base Certificate and acceptance of the Advance requested hereunder constitutes a representation and warranty by the Borrower that, as of the date of such Advance (and after giving effect thereto) all conditions precedent have been satisfied.
[The Borrower]1 [The Portfolio Manager]2 further agrees that if, prior to the time of the Advance requested hereby, any matter certified to herein by it will not be true and correct at such time as if then made, it will immediately so notify the Administrative Agent. Except to the extent, if any, that prior to the time of the Advance requested hereby, the Administrative Agent shall receive 

__________________________ 
1 To be included if the Borrower signs the Borrowing Base Certificate.
2 To be included if the Portfolio Manager signs the Borrowing Base Certificate.

written notice to the contrary from the [Borrower]1 [Portfolio Manager]2, each matter certified to herein shall be deemed once again to be certified as true and correct at the date of such Advance as if then made.
The undersigned has caused this Borrowing Base Certificate to be executed and delivered as of the date first set forth above in his or her capacity an officer of [the Borrower]1 [the Portfolio Manager]2.
[WHITE EAGLE ASSET PORTFOLIO, LP, as Borrower

By White Eagle General Partner, LLC, a Delaware limited liability company, its General Partner

By:                              
Name: 
Title:]1 

[LAMINGTON ROAD BERMUDA LTD., as Portfolio Manager on behalf of the Borrower

By:                             
Name: 
Title:]2 

__________________________ 
1 To be included if the Borrower signs the Borrowing Base Certificate.
2 To be included if the Portfolio Manager signs the Borrowing Base Certificate.

        
		
	•
	EXHIBIT G

FORM OF ABANDONMENT NOTICE

[CLMG Corp.,
as Administrative Agent 
7195 Dallas Parkway
Plano, TX 75024
Attention: James Erwin 
Telephone: 469-467-5414 
Facsimile: 469-467-3433 
Email: jerwin@clmgcorp.com]1 

[Lamington Road Bermuda Ltd.,
as Portfolio Manager
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX
Bermuda
Email: lrbermuda@lamington.ie 

with a copy to: COReilly@emergentcapital.com]2 

Ladies and Gentlemen:

Reference is made to the Second Amended and Restated Loan and Security Agreement, dated as of January 31, 2017 (as amended, supplemented or otherwise modified from time to time, the “Loan Agreement”), by and among White Eagle Asset Portfolio, LP, as Borrower, the financial institutions party thereto, as Lenders, Imperial Finance & Trading, LLC, as Initial Servicer, Initial Portfolio Manager and Guarantor, and CLMG Corp., as Administrative Agent. All capitalized terms used but not defined herein shall have the meanings assigned to them in Annex I to the Loan Agreement.
The undersigned hereby gives you notice, pursuant to Section 2.7(b) of the Loan Agreement, that the undersigned has determined that [the Premiums on the Pledged Policies listed on Schedule I attached hereto should no longer be paid]1 [Advances should no longer be made in order to pay Premiums on the Pledged Policies listed on Schedule I attached hereto]2.
[The undersigned also hereby gives you notice that it wishes to permit the Required Lenders or their designee the right to assume ownership of the Pledged Policies listed on Schedule I attached hereto pursuant to Section 2.7(b) of the Loan Agreement without engaging in the Abandonment Sale Process.]3 

______________________________
1 To be included if the Portfolio Manager is the Determining Party.
2 To be included if the Required Lenders constitute the Determining Party.
3 May be included if the Portfolio Manager is the Determining Party.

Very truly yours, 

[LAMINGTON ROAD BERMUDA LTD., as Portfolio Manager on behalf of the Borrower]1 [CLMG CORP., as Administrative Agent on behalf of the Required Lenders]2 

By:                             
Name: 
Title:
 

______________________________
1 To be included if the Portfolio Manager is the Determining Party.
2 To be included if the Required Lenders constitute the Determining Party.
3 May be included if the Portfolio Manager is the Determining Party.

SCHEDULE I TO ABANDONMENT NOTICE

POLICIES
 

ANNEX I

LIST OF DEFINED TERMS

“21st Services” means 21st Holdings, LLC and its Affiliates and their respective successors.
“Abandonment Notice” has the meaning set forth in Section 2.7(b) of the Loan Agreement.
“Abandonment Price” has the meaning set forth in Section 2.7(b) of the Loan Agreement.
“Abandonment Sale Process” has the meaning set forth in Section 2.7(b) of the Loan Agreement.
“Account Control Agreement” means the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017, by and among the Borrower, the Administrative Agent, the Securities Intermediary and the Custodian, and as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Accounts” means the Collection Account, the Payment Account, the Escrow Account and the Borrower Account, collectively.
“Acknowledgement” means, with respect to any Policy, a written acknowledgement from the related Issuing Insurance Company confirming that the records of the Issuing Insurance Company name the Securities Intermediary as the owner and beneficiary of the applicable Policy.
“Additional Policies” means Policies to be acquired by the Borrower with the proceeds of an Additional Policy Advance and/or to be pledged to the Administrative Agent for the benefit of the Lenders in connection with an Additional Policy Advance.
“Additional Policy Advance” shall mean an Advance other than the Initial Advance pursuant to which Additional Policies are pledged to the Administrative Agent under the Loan Agreement.
“Additional Policy Advance Amount” with respect to any Additional Policy Advance, shall mean the amount specified in the related Additional Policy Advance Acceptance.
“Additional Policy Advance Acceptance” has the meaning set forth in Section 2.3(c) of the Loan Agreement.
“Administrative Agent” means CLMG Corp., as Administrative Agent under the Loan Agreement.
“Administrative Agent’s Account” has the meaning set forth in Section 4.3 of the Loan Agreement.
“Administrative Agent Fee” shall mean, with respect to any Distribution Date, a fee in an amount equal to $6,250.

“Administrative Services Agreement” means the Administrative Services Agreement, dated as of May 16, 2014, among the Borrower, the Portfolio Manager and Imperial Finance, and as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Advance” means the Initial Advance, an Additional Policy Advance, a Protective Advance or an Ongoing Maintenance Advance, as applicable, and collectively, the “Advances”.
“Advance Date” shall mean any date on which an Advance is funded by the Lenders pursuant to the terms of the Loan Agreement, which shall be the Initial Closing Date, any Subsequent Advance Date or the date the Lenders fund any Protective Advance in their sole discretion.
“Adverse Claim” means a Lien, security interest, pledge, charge or encumbrance, or similar right or claim of any Person, other than any Permitted Liens.
“Affected Party” means each Lender, any permitted assignee of any Lender, and any holder of a participation interest in the rights and obligations of any Lender, the Administrative Agent and any Affiliate of any of the foregoing.
“Affiliate” means, with respect to any Person, any other Person that (i) directly or indirectly controls, is controlled by or is under common control with such Person or (ii) is an officer or director of such Person. A Person shall be deemed to be “controlled by” another Person if such other Person possesses, directly or indirectly, power (a) to vote twenty percent (20%) or more of the securities (on a fully diluted basis) having ordinary voting power for the election of directors or managing partners of such Person, or (b) to direct or cause the direction of the management and policies of such Person whether by contract or otherwise. The word “Affiliated” has a correlative meaning.
“Aggregate NDB Limit” has the meaning set forth in Section 10.1(p) of the Loan Agreement.
“Aggregate Policy Limit” has the meaning set forth in Section 10.1(p) of the Loan Agreement.
“Aggregate Shortfall Amount Limit” shall mean an amount equal to twenty-five percent (25%) of the aggregate Initial Face Amount of all of the Policies that are or have at any time been Pledged Policies.
“Aggregate Participation Interest” shall mean the aggregate of all of the Participation Interests for all of the Pledged Policies.
“Alternative Information Notice” has the meaning set forth in Section 5.2(a) of the Loan Agreement.
“A.M. Best” means A.M. Best Company, Inc. and any successor or successors thereto.
“Amortization Shortfall Amount” shall mean, with respect to a Pledged Policy that has become a Shortfall Pledged Policy, the excess of (x) the aggregate of the amounts that would have been distributed to the Administrative Agent for the account of the Lenders on the next Distribution Date occurring after the date on which such Pledged Policy became a Shortfall Pledged Policy had such 

Pledged Policy matured and had the related death benefit been timely paid in full by the related Issuing Insurance Company by deposit thereof into the Collection Account prior to the related Calculation Date, pursuant to clauses “Third”, “Fifth” and “Sixth” of Section 5.2(b) of the Loan Agreement or clauses “Third”, “Ninth” and “Eleventh” of Section  5.2(c) of the Loan Agreement, as applicable, as determined by the Administrative Agent on such Calculation Date, over (y) the aggregate of the amounts that will actually be distributed to the Administrative Agent for the account of the Lenders on such Distribution Date pursuant to such clauses “Third”, “Fifth” and “Sixth” of Section 5.2(b) of the Loan Agreement or clauses “Third”, “Ninth” and “Eleventh” of Section 5.2(c) of the Loan Agreement, as applicable, as determined by the Administrative Agent on the related Calculation Date.
“Annual Budget” has the meaning specified in Section 9.1(d)(vi) of the Loan Agreement.
“Annual NDB Limit” has the meaning set forth in Section 10.1(p) of the Loan Agreement.
“Annual Policy Limit” has the meaning set forth in Section 10.1(p) of the Loan Agreement.
“Anti-Money Laundering Laws” has the meaning set forth in Section 8.1(v) of the Loan Agreement.
“Applicable Law” means, as to any Person or any matter, any law (statutory or common), treaty, rule or regulation or determination of an arbitrator or of any nation or government, any state or other political subdivision thereof, any central bank (or similar monetary or regulatory authority) thereof, any entity exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to government, and any corporation or other entity owned or controlled, through stock or capital ownership or otherwise, by any of the foregoing, in each case applicable to or binding upon such Person (or any of its property) or such matter, or to which such Person (or any of its property) or such matter is subject, including, without limitation, any laws relating to assignments of contracts, life settlements, viatical settlements, insurance, consumers and consumer protection, usury, truth-in-lending, fair credit reporting, equal credit opportunity, federal and state securities or “blue sky” laws, the Federal Trade Commission Act and ERISA, and in the case of Section 6.3 of the Loan Agreement, FATCA.
“Applicable Margin” means four and one-half percent (4.50%).
“Assignment and Assumption Agreement” has the meaning set forth in Section 13.4 of the Loan Agreement.
“Assignment of Interest in Limited Partnership” means the Bill of Sale and Assignment of Limited Partnership Interests, dated as of May 16, 2014, among the Borrower, the Predecessor Parent Pledgor and the LP Parent, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Assignor” means OLIPP IV, LLC, a Delaware limited liability company.
“Assignor Contribution Agreement” means the Contribution Agreement, dated as of April 29, 2013, by and between the Assignor, as the transferor, and the Predecessor Parent Pledgor, as the 

transferee, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Available Amount” means, with respect to any Distribution Date, the amount on deposit in the Collection Account.
“AVS” means AVS Underwriting, LLC and its successors.
“Base Rate” means, for any date of determination, the sum of (i) the Federal Funds Rate on such date plus (ii) one half of one percent (0.5%).
“Blocked Person” has the meaning set forth in Section 8.1(v) of the Loan Agreement.
“Borrower” has the meaning set forth in the recitals to the Loan Agreement.
“Borrower Account” has the meaning set forth in Section 5.1(c) of the Loan Agreement.
“Borrower Failure Procedures” has the meaning set forth in Section 5.2(a) of the Loan Agreement.
“Borrower Interest Pledge Agreement” means the Partnership Interest Pledge Agreement, dated as of May 16, 2014, made by the Parent Pledgors in favor of the Administrative Agent on behalf of itself and the Lenders, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Borrower Interest Purchase and Sale Agreement” means the Purchase and Sale Agreement, dated as of May 16, 2014, by and between the Predecessor Parent Pledgor, as seller of the limited partnership interests in the Borrower, and the LP Parent as purchaser of the limited partnership interests in the Borrower, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Borrower Organizational Documents” means the certificate of limited partnership and the limited partnership agreement of the Borrower, as amended by that certain first amendment to limited partnership agreement, dated as of May 16, 2014, by and between the GP Partner and the LP Parent.
“Borrower Valuation” has the meaning set forth in Section 6.5 of the Loan Agreement.
“Borrowing Base” means, on any date of determination, the lesser of (A) the sum of all of the following amounts that have been funded or are to be funded through the succeeding Distribution Date (i) the Initial Advance and all Additional Policy Advances, plus (ii) one-hundred percent (100%) of the sum of the Ongoing Maintenance Costs, plus (iii) prior to November 9, 2015 only, one hundred percent (100%) of the Debt Service, plus (iv) one-hundred percent (100%) of any other Fees and Expense Deposits and other fees and expenses funded and to be funded as approved by the Required Lenders in their sole discretion, less (v) any Required Amortization previously distributed and to be distributed pursuant to the Priority of Payments on the immediately succeeding Distribution Date; (B) seventy-five percent (75%) of the Lender Valuation of the Pledged Policies; (C) fifty percent 

(50%) of the aggregate face amount of the Pledged Policies (other than the Excluded Policies); and (D) the Facility Limit.
“Borrowing Base Certificate” means a certificate in the form of Exhibit F to the Loan Agreement.
“Borrowing Request” has the meaning set forth in Section 2.2(a) of the Loan Agreement.
“Broker” has the meaning set forth in Section 2.7(b) of the Loan Agreement.
“Business Day” means any day on which commercial banks in Las Vegas, Nevada, Wilmington, Delaware, Dublin, Ireland, Hamilton, Bermuda and Birmingham, Michigan, are not authorized or required to be closed.
“Calculation Date” means (i) the tenth (10th) day following March 31, June 30, September 30 or December 30 of each year, as applicable, beginning in July 2013, or if such day is not a Business Day, then the succeeding Business Day, but (ii) from and after the occurrence and during the continuance of an uncured and unwaived Event of Default, the tenth (10th) of each calendar month that commences thereafter, but (iii) from and after any cure or waiver of any Event of Default, the meaning in clause (i). 
“Calculation Date Report” has the meaning set forth in Section 5.2(b) of the Loan Agreement.
“Cash Flow Sweep Percentage” means, with respect to any Distribution Date, (i) if such Distribution Date occurs prior to December 28, 2025, and (w) the LTV is greater than sixty-five percent (65%), one-hundred percent (100%), (x) the LTV is less than or equal to sixty-five percent (65%) but greater than fifty percent (50%), seventy percent (70%), (y) the LTV is less than or equal to fifty percent (50%) but greater than thirty-five percent (35%), fifty-five percent (55%) or (z) the LTV is less than or equal to thirty-five percent (35%), forty-five percent (45%); provided that if (a) EMG failed to maintain a Cash Interest Coverage Ratio of at least 2.0:1 at any time during the immediately preceding calendar quarter or (b) EMG fails to take steps to improve its solvency in a manner acceptable to the Required Lenders (as determined in their sole and absolute discretion), then the Cash Flow Sweep Percentage shall equal one-hundred percent (100%) and (ii) if such Distribution Date occurs on or after December 28, 2025, one-hundred percent (100%).
"Cash Interest Coverage Ratio" means with respect to Emergent Capital Group, Inc., a Florida corporation f/k/a Imperial Holdings, Inc. ("EMG"), as of any date of determination, the ratio of (i) consolidated cash and cash equivalents maintained by EMG to (ii) the aggregate interest amounts that will be due and payable in cash on (x) the $30,000,000 15% senior secured notes due September 14, 2018 (and any notes issued by EMG or any of its Affiliates in connection with refinancing, replacing, substituting or any similar action with respect to any such notes) and the $70,743,000 8.50% senior unsecured convertible notes due February 15, 2019 (and any notes issued by EMG or any of its Affiliates in connection with refinancing, replacing, substituting or any similar action with respect to any such notes) and (y) any additional indebtedness issued by EMG after December 27, 2016, in each case, during the twelve month period following such date of determination.

“Change in Control” means a change resulting when (i) the Borrower or a Parent Pledgor, as applicable, merges or consolidates with any other Person or permits any other Person to become the successor to its business, and the Borrower or a Parent Pledgor, as applicable, is not the surviving entity after such merger, consolidation or succession, other than as expressly permitted by the Transaction Documents, (ii) the Borrower or a Parent Pledgor, as applicable, conveys, transfers or leases substantially all of its assets as an entirety to another Person, other than as expressly permitted by the Transaction Documents or (iii) any Person shall become the owner, directly or indirectly, beneficially or of record, of equity representing more than fifty percent (50%) of the aggregate ordinary voting power represented by the issued and outstanding equity of the Borrower, the Predecessor Parent Pledgor or a Parent Pledgor.
“Change Forms” means, with respect to any Policy, all documents required by the applicable Issuing Insurance Company to be executed by the Borrower (or the Securities Intermediary, as owner thereof for the benefit of the Borrower or the Administrative Agent as secured party pursuant to the Account Control Agreement) to effect change of ownership of and designation of a new owner and beneficiary under such Policy.
“Claims” has the meaning set forth in the Account Control Agreement.
“Code” means the Internal Revenue Code of 1986, as amended, or any successor statute.
“Collateral” has the meaning set forth in Section 2.6(a) of the Loan Agreement.
“Collateral Audit” has the meaning set forth in Section 9.1(i) in the Loan Agreement.
“Collateral Package” means all documents and information in the possession or under the control of the Borrower, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor, Imperial or any Affiliate of any of them, related to the Pledged Policies, including but not limited to, all Policy files related to the purchase or acquisition thereof by any Affiliate of Imperial and the transfer thereof to the Borrower (which shall include the most recent Policy Illustrations, Life Expectancy estimates, the Physician Competency Statement and medical records available to the Borrower) and all documents set forth on Exhibit M to the Account Control Agreement.
“Collection Account” has the meaning set forth in Section 5.1(a) of the Loan Agreement.
“Collections” means, collectively, all payments made from and after the Initial Closing Date to or for the account of or the benefit of the Borrower, Imperial, the Servicer, the Assignor, the Predecessor Parent Pledgor, a Parent Pledgor or any Affiliate of any of them or their agents (including the Securities Intermediary) by or on behalf of the Issuing Insurance Companies or any other Person in respect of the Policies, including without limitation, all Liquidation Proceeds, all proceeds of Policy Loans or withdrawals of cash surrender value made or taken from and after the Initial Closing Date and any proceeds of any other Collateral and sale of Pledged Policies (including Net Proceeds), whether in the form of cash, checks, wire transfers, electronic transfers or any other form of cash payment.

“Commitment” means, with respect to any Lender, the maximum amount that may be advanced by such Lender under the Loan Agreement as specified in Schedule 2.1(a) to the Loan Agreement as the same is amended pursuant to any Assignment and Assumption Agreement.
“Commitment Termination Date” means the earliest to occur of: (i) the Scheduled Commitment Termination Date, and (ii) the effective date on which the Lenders’ Commitment is terminated following the occurrence of an Event of Default not cured within any applicable cure period, as described in Section 10.2 of the Loan Agreement.
“Confidential Information” means (i) the terms and conditions of the Loan Agreement and the other Transaction Documents and the transactions contemplated hereby and thereby, including (a) any term sheets, loan applications or other documents related to the Loan Agreement or the Transaction Documents and (b) any copies of such documents or any portions thereof and (ii) any Non-Public Information.
“Consultancy Agreement” means the Consultancy Agreement, dated as of May 16, 2014, by and between the LP Pledgor and Jason R. Sutherland, and as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Cure Notice” means a written notice from the Required Lenders to the Borrower indicating that the Required Lenders are granting the Borrower a cure period not exceeding ninety (90) days in order to cure an occurrence that would otherwise constitute an Event of Default.
“Custodian” means Wilmington Trust, National Association, in its capacity as custodian under the Account Control Agreement.
“Custodial Package” shall mean with respect to a Policy, each of the documents set forth on Exhibit M to the Account Control Agreement.
“Debtor Relief Laws” means the Bankruptcy Code of the United States of America, and all other liquidation, conservatorship, bankruptcy, assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief laws of the United States or other applicable jurisdictions from time to time in effect.
“Debt Service” means, on any date of determination, the sum of the accrued interest due on all outstanding Advances that does not equal the Rate Floor.
“Default Rate” means, in the event that an Event of Default has occurred and is continuing, the interest rate per annum at which each Loan shall bear interest, equal to the sum of (i) the greater of (A) (1) LIBOR or, if LIBOR is unavailable, (2) the Base Rate and (B) one and a half percent (1.5%) plus (ii) six and one-half percent (6.50%).
“Determining Party” has the meaning set forth in Section 2.7(b) of the Loan Agreement.
“Direct Assumption Policies” has the meaning set forth in Section 2.7(b) of the Loan Agreement.

“Disclosing Party” has the meaning set forth in Section 13.12 of the Loan Agreement.
“Distribution Date” means the fifth day after each Calculation Date (or if such day is not a Business Day, the next succeeding Business Day), beginning in July, 2013.
“Dollar” and the sign “$” shall mean lawful money of the United States of America.
“Eligibility Criteria” with respect to any Policy, means the following criteria, which are to be satisfied or have been waived in writing by the Required Lenders in their sole and absolute discretion as of the Advance Date as of which such Policy becomes a Pledged Policy:
(a)Except if such Policy is set forth on Eligibility Criteria Clause (a) Schedule to the Loan Agreement, the Securities Intermediary is designated as the “owner” and “beneficiary” under the Policy by the Issuing Insurance Company.
(b)The Policy is (i) a single life or survivorship policy, (ii) a fixed or variable universal life, whole life, or convertible term (provided such Policy is converted to a “permanent” life insurance policy prior to becoming a Pledged Policy), (iii) denominated and payable in U.S. Dollars and (iv) issued by a U.S. domiciled insurance company.
(c)Except if such Policy is set forth on Eligibility Criteria Clause (c) Schedule to the Loan Agreement, the Insured is a United States citizen or permanent resident alien currently residing in the United States as of the date the Policy was acquired by the Borrower, and has documented social security information and photographic identification.
(d)Except if such Policy is set forth on Eligibility Criteria Clause (d) Schedule to the Loan Agreement, the Insured shall be an individual sixty (60) years old or older.
(e)The Policy shall be in full force.
(f)Except if such Policy is set forth on Eligibility Criteria Clause (f) Schedule to the Loan Agreement, the Issuing Insurance Company shall (x) have at least one of, but no lower than any one of (i) a financial strength rating of “A-” from A.M. Best or (ii) a financial strength rating of less than “A-” from A.M. Best that is approved by the Required Lenders in their sole discretion or (y) be the Phoenix Life Insurance Company or the Conseco Life Insurance Company, or one of their respective affiliates.
(g)Except if such Policy is set forth on Eligibility Criteria Clause (g) Schedule to the Loan Agreement, medical underwriting as to Life Expectancy shall be conducted with respect to the Policy by at least two Pre-Approved Medical Underwriters whose LE Reports must not be dated more than twelve (12) months prior to the related Advance Date with respect to Policies to be pledged on such Advance Date, and in each case, must be based on medical records obtained from the Insured that are not older than twenty-four (24) months as of such Advance Date.

(h)Except if such Policy is set forth on Eligibility Criteria Clause (h) Schedule to the Loan Agreement, the Insured must have an average Life Expectancy of no more than two-hundred fifty-two (252) months. 
(i)Except if such Policy is set forth on Eligibility Criteria Clause (i) Schedule to the Loan Agreement, the Policy covering the life of an individual Insured shall not have a face amount of less than $70,000 or greater than $10.0 million, except as otherwise approved in writing by the Required Lenders.
(j)The Policy is beyond any relevant policy or statutory contestability and suicide periods.
(k)There must not be any outstanding Policy Loans or Liens outstanding in respect of the Policy, except for Permitted Liens that will be fully reflected in the pricing analysis and calculation, nor any other pledge or assignment outstanding on the Policy.
(l)Except if such Policy is set forth on Eligibility Criteria Clause (l) Schedule to the Loan Agreement, the life expectancy reflected in the LE Report used to determine the Lender Valuation with respect to the related Advance is not less than twenty-four (24) months from the date of such Advance.
(m)The Policy and the legal and beneficial interests in the death benefit (taking into account the portion of the death benefit payable to a Person other than the Securities Intermediary who is designated as the “beneficiary” under a Retained Death Benefit Policy and previously disclosed in writing to the Administrative Agent) shall be capable of being sold, transferred and conveyed to the Borrower and its successors, assigns and designees, and the seller thereof to the Borrower shall have the right to do so. Any tracking/servicing (subject to any statutory prohibition applicable to life settlement providers) and custodial rights shall be fully assignable and transferable to the Borrower and its successors, assigns and designees or as otherwise directed by the Borrower. Except with respect to HIPAA Authorizations relating to the Policies set forth on Eligibility Criteria Clause (m) Schedule to the Loan Agreement, the documents and agreements contained in the related Collateral Package and listed on Exhibit M to the Account Control Agreement do not contain language purporting to limit their assignability, and none of the Borrower, the Parent Pledgors, the Predecessor Parent Pledgor, any Affiliate of any of them, or any Affiliate of Imperial is a party to any agreement that limits their assignability, and all such documents are fully assignable and transferable to the Borrower and its successors, assigns and designees or as otherwise directed by the Borrower; provided that Borrower makes no representation or warrant concerning whether applicable state law or public policy limit the assignability of any HIPAA Authorization or power of attorney or the enforceability thereof upon assignment.
(n)The Insured’s primary diagnosis leading to the Life Expectancy evaluation(s) must not be HIV or AIDS.

(o)The Policy shall not be purchased from a seller to which applicable state laws prohibiting the purchase or the transfer of ownership from such seller apply at the time of such purchase or transfer of ownership.
(p)The Borrower shall reasonably believe based on its review of the related Collateral Package and the other information available to or known by the Borrower or any Affiliate thereof, that the original owner/beneficiary under the Policy shall have had an insurable interest at the time of the initial issuance of the Policy.
(q)The Policy shall not have a death benefit that, by the terms of the Policy, will decrease over time or from time to time, unless such decrease is scheduled and can be incorporated and fully reflected in the pricing of the Policy, and where the Policy shall contain no provisions limiting the future realization of the net death benefit, other than non-payment of premiums or the Insured reaching a certain age.
(r)The sale of the Policy from the Original Owner thereof and all subsequent transfers of the Policy complied with all Applicable Law.
(s)The transfer of the Policy is not subject to the payment of United States state sales taxes or any other taxes payable by the Borrower.
(t)The face amount of the Policy does not exceed five percent (5%) of the aggregate face amount of all Pledged Policies.
(u)The Rescission Period with respect to such Policy shall have expired.
(v)The Policy is not subject to any Applicable Law that makes unlawful the sale, transfer or assignment of such Policy.
(w)With respect to such Policy, the Borrower is not aware of any agreements, documents, assignments or instruments related to such Policy except for those agreements, documents, assignments and instruments that constitute and were included in the related Collateral Package that was delivered to the Administrative Agent.
(x)The related Collateral Package delivered to the Administrative Agent by or on behalf of the Borrower contain, at the very least, the documents set forth in Exhibit M to the Account Control Agreement.
(y)Unless such Policy is a Retained Death Benefit Policy that has been previously disclosed in writing to and approved by the Administrative Agent, such Policy is not a retained death benefit policy or similar policy in which any Person other than the Borrower has any direct or indirect interest of any kind in the death benefit payable under such Policy.
“Eligible Account” means either (a) a segregated account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States or any of the states thereof, including the District of Columbia (or any domestic branch of a foreign bank), and acting as a trustee for funds deposited in such account, 

so long as the senior securities of such depository institution shall have a credit rating from each of Moody’s and S&P in one of its generic credit rating categories no lower than “A-” or “A3”, as the case may be.
“Eligible Institution” means a depositary 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), (a) which has both (x) a long-term unsecured senior debt rating of not less than “A” by S&P and “A2” by Moody’s, and (y) a short-term unsecured senior debt rating rated in the highest rating category by S&P and Moody’s and (b) whose deposits are insured by the Federal Deposit Insurance Corporation.
“Eligible Policy” means a Policy that, as of the Advance Date as of which such Policy first becomes a Pledged Policy, satisfies all of the Eligibility Criteria that have not been waived in writing by the Required Lenders.
“EMG” has the meaning set forth in the definition of Cash Interest Coverage Ratio.
“ERISA” means the U.S. Employee Retirement Income Security Act of 1974, 29 U.S.C. §1001 et seq., as amended from time to time and the regulations promulgated thereunder.
“Escrow Account” has the meaning set forth in Section 5.1(d) of the Loan Agreement.
“Event of Bankruptcy” shall be deemed to have occurred with respect to a Person if either:
(a)a case or other proceeding shall be commenced, without the application or consent of such Person, in any court, seeking the liquidation, reorganization, debt arrangement, dissolution, winding up, examinership or composition or readjustment of debts of such Person, the appointment of a trustee, receiver, custodian, liquidator, examiner, assignee, sequestrator or the like for such Person or all or substantially all of its assets, or any similar action with respect to such Person under any law relating to bankruptcy, insolvency, reorganization, winding up, examinership or composition or adjustment of debts and such case or proceeding shall remain undismissed or unstayed for a period of sixty (60) days; or an order for relief in respect of such Person shall be entered in an involuntary case under the federal bankruptcy laws or other similar laws now or hereafter in effect; or
(b)such Person shall commence a voluntary case or other proceeding under any applicable bankruptcy, insolvency, reorganization, debt arrangement, dissolution or other similar law now or hereafter in effect, or shall consent to the appointment of or taking possession by a receiver, liquidator, assignee, trustee, custodian, sequestrator (or other similar official) for such Person or for any substantial part of its property, or shall make any general assignment for the benefit of creditors, or shall fail to, or admit in writing its inability to, pay its debts generally as they become due, or, if a corporation or similar entity, its board of directors shall vote to implement any of the foregoing.
“Event of Default” has the meaning set forth in Section 10.1 of the Loan Agreement.

“Excluded Policy” means (i) any Policy pledged under the Loan Agreement for which no written acknowledgement of a collateral assignment was received by the Administrative Agent or the Securities Intermediary from the related Issuing Insurance Company within sixty (60) calendar days of the Advance Date as of which such Policy became a Pledged Policy, (ii) any Policy set forth on Eligibility Criteria Clause (a) Schedule to the Loan Agreement, (iii) any Policy pledged under the Loan Agreement in respect of which the Insurance Consultant is not authorized to, or is not accepted by the related Issuing Insurance Company to, communicate and receive verifications of coverage and obtain other information from such Issuing Insurance Company and (iv) any Policy set forth on Schedule 7.1(f) to the Loan Agreement. With respect to any Policy described in clause (i) of the immediately preceding sentence, if such written acknowledgement of a collateral assignment is received by the Administrative Agent or the Securities Intermediary after such date, such Policy shall cease to be an Excluded Policy on the date of such receipt. With respect to any Policy described in clause (ii) of the first sentence of this definition, such Policy shall cease to be an Excluded Policy on the date the Administrative Agent receives written confirmation from the Securities Intermediary that the Securities Intermediary is designated as the “owner” and “beneficiary” under such Policy by the related Issuing Insurance Company. With respect to any Policy described in clause (iii) of the first sentence of this definition, if the Insurance Consultant becomes authorized to, or becomes accepted by the related Issuing Insurance Company to, communicate and receive verifications of coverage and obtain other information from such Issuing Insurance Company, such Policy shall cease to be an Excluded Policy on the date of such authorization or acceptance. With respect to any Policy described in clause (iv) of the first sentence of this definition, such Policy shall cease to be an Excluded Policy on the date the Custodian receives an original or a copy from the related Issuing Insurance Company of such Policy.
“Excluded Taxes” means any of the following Taxes imposed on or with respect to a Lender or required to be withheld or deducted from a payment to a Lender, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Lender being organized under the laws of, or having its principal office or, in the case of any Lender, its applicable lending office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender (other than the Initial Lender), U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in Lender Notes issued pursuant to the Loan Agreement pursuant to a law in effect on the date on which (i) such Lender acquires such interest in such Lender Notes (other than pursuant to an assignment request by the Borrower under Section 6.4 of the Loan Agreement) or (ii) such Lender changes its lending office, except in each case to the extent that (A) pursuant to Section 6.4 of the Loan Agreement, amounts with respect to such Taxes were payable either to such Lender's assignor immediately before such Lender became a party to the Loan Agreement or to such Lender immediately before it changed its lending office or (B) such Taxes would not have been imposed if the Borrower were a publicly traded U.S.corporation, (c) Taxes attributable to such Lender’s failure to comply with Section 6.3 of the Loan Agreement, and (d) any U.S. federal withholding Taxes imposed under FATCA.
“Expense Deposit” means, with respect to each Borrowing Request related to a proposed Additional Policy Advance, an amount required to reimburse the Administrative Agent and the Lenders for third-party out-of-pocket expenses incurred in connection with the review and evaluation 

of the Additional Policies identified in such Borrowing Request, as determined by the Administrative Agent in its reasonable discretion.
“Expenses” means (i) Servicing Fees and costs and other amounts reimbursable to the Servicer pursuant to the Servicing Agreement, (ii) payments to the Custodian and Securities Intermediary, as applicable, of their accrued fees and reimbursable expenses related to the Pledged Policies or the Accounts, (iii) Expense Deposits, (iv) the reasonable administrative expenses of the Borrower related to the Pledged Policies or general operations of the Borrower including Collateral Audits and maintenance of the Collateral, in an amount not to exceed $15,000 per annum or a greater amount approved by the Required Lenders in their sole discretion, (v) Portfolio Manager Fees and (vi) Administrative Agent Fees. The Expenses to be funded during 2013 were approved by the Required Lenders as of the Initial Closing Date. The Expenses to be funded during any succeeding calendar year shall be approved by the Required Lenders in their sole and absolute discretion upon review of the Annual Budget for such succeeding calendar year as contemplated by Section 9.1(d)(vi) of the Loan Agreement, which amounts, if comprising amounts described in the preceding clauses (iii) and (v) may be less than (or greater than) such amounts approved, in any preceding calendar year, in the Required Lenders’ sole and absolute discretion.
“Facility Limit” means $370,000,000; provided, however, that on April 29, 2019 and on each anniversary thereafter, such amount shall be reduced by an amount up to the lesser of (i) the sum of (a) $25,000,000 plus (b) the aggregate of the Facility Limit Shortfall Amounts not previously applied to reduce the Facility Limit, if any and (ii) an amount which would cause the then Facility Limit to equal the product of (A) 1.3 and (B) the highest aggregate principal balance of Advances (excluding Protective Advances) that were outstanding during the twelve month period immediately preceding such anniversary.
“Facility Limit Shortfall Amount” shall mean with respect to each date on which the Facility Limit is required to be reduced pursuant to the definition thereof, the excess, if any, of the $25,000,000 that constitutes the additional reduction to be applied on such date pursuant to clause (i)(a) of the definition thereof, over the amount of the actual reduction applied to such additional reduction.
“Fasano” means Fasano Associates, Inc. and its successors.
“FATCA” means Sections 1471 through 1474 of the Code, as of the date of the Loan Agreement (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations or official interpretations thereof and any agreements entered into pursuant to Section 1471(b)(1) of the Code.
“Fee Letter” means that certain Amended and Restated Fee and Indemnification Agreement, dated as of the Original Amended and Restated Closing Date, among the Borrower, Imperial Holdings Inc. and Wilmington Trust, N.A., setting forth, among other things, the fees of the Securities Intermediary and the Custodian.
“Fees” means, (i) in relation to the Initial Advance, the Up-Front Fee and, (ii) in relation to any Advance other than the Initial Advance, any fee payable to a broker or other third party in relation to the acquisition of an Additional Policy or other transaction contemplated by the Loan Agreement, 

and in each case, the payment of which has been approved by the Required Lenders in their sole discretion.
“Federal Funds Rate” means, for any day, the rate per annum equal to the weighted average of the interest rates on overnight federal funds transactions with members of the Federal Reserve System arranged by federal funds brokers, as published on the next succeeding Business Day by the Federal Reserve Bank of New York, or, if such rate is not so published for any day which is a Business Day, the average of the quotations for the day of such transactions received by the Administrative Agent from three federal funds brokers of recognized standing selected by it plus 0.75%.
“Foreign Lender” means a Lender that is not a U.S. Person.
“FTP Site” shall have the meaning set forth in Annex 1 to the Portfolio Management Agreement.
“GAAP” means United States generally accepted accounting principles.
“Governmental Authority” means the government of the United States of America or any other nation, or of any political subdivision thereof, whether state or local, and any agency, authority, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government (including any supra-national bodies such as the European Union or the European Central Bank).
“GP Parent” means White Eagle General Partner, LLC, a Delaware limited liability company.
“Guarantor” means Imperial Finance & Trading, LLC, in its capacity as guarantor under the Guaranty.
“Guaranty” means the Guaranty, dated as of the Original Amended and Restated Closing Date, made by the Guarantor in favor of the Borrower, the Administrative Agent and the Lenders as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Imperial” means Imperial Holdings Inc., a Florida corporation, and its successors.
“Imperial Finance” means Imperial Finance & Trading, LLC, a Florida limited liability company, and its successors.
“Indemnified Amounts” has the meaning set forth in Section 11.1 of the Loan Agreement.
“Indemnified Bank Person” has the meaning set forth in the Account Control Agreement.
“Indemnified Party” has the meaning set forth in Section 11.1 of the Loan Agreement.
“Indemnified Taxes” means (a) Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account of any obligation of the Borrower and (b) to the extent not otherwise described in (a), Other Taxes.

“Independent Director” has the meaning set forth in Section 9.1(f)(ii) of the Loan Agreement.
“Independent Manager” has the meaning set forth in Section 9.1(f)(ii) of the Loan Agreement.
“Initial Advance” means an Advance in an amount equal to the sum of (i) for any Subject Policies set forth on the Initial Advance Lexington Schedule to the Loan Agreement, the lesser of (A) fifty percent (50%) of the Purchase Price and (B) fifty percent (50%) of the market value of such Subject Policies as determined by the Required Lenders in their sole discretion, plus (ii) for any Subject Policies not set forth on the Initial Advance Lexington Schedule to the Loan Agreement, fifty percent (50%) of the market value for such Subject Policies as determined by the Required Lenders in their sole discretion, plus (iii) the Up-Front Fee, plus (iv) the Initial Expense Deposit plus (v) certain fees and expenses of the Borrower, including reasonable attorneys’ fees, as approved by the Required Lenders in their sole discretion.
“Initial Advance Acceptance” has the meaning set forth in Section 2.3(a) of the Loan Agreement.
“Initial Closing Date” means April 29, 2013.
“Initial Expense Deposit” means $3,000,000.
“Initial Face Amount” shall mean, with respect to each Policy that is or has ever been a Pledged Policy, the face amount of such Policy as of the date such Policy became a Pledged Policy.
“Initial Lender” has the meaning set forth in the recitals to the Loan Agreement.
“Initial Policy Purchaser” means, with respect to any Policy, any Person who purchased the Policy from the Original Owner.
“Initial Portfolio Manager” has the meaning set forth in the recitals to the Loan Agreement.
“Initial Portfolio Manager Indemnified Amounts” has the meaning set forth in Section 11.3 of the Loan Agreement.
“Initial Servicer” has the meaning set forth in the recitals to the Loan Agreement.
“Initial Servicer Report” means the “Servicer Report” as defined in the Initial Servicing Agreement.
“Initial Servicer Report Date” means the date the Initial Servicer Report is to be delivered pursuant to the terms of the Initial Servicing Agreement.
“Initial Servicer Termination Event” means “Servicer Termination Event” as defined in the Initial Servicing Agreement.
“Initial Servicing Agreement” means the Servicing Agreement dated as of the Initial Closing Date, by and between the Initial Servicer and the Borrower, as the same was amended, supplemented 

or otherwise modified prior to the Second Amended and Restated Closing Date in accordance with the Transaction Documents.
“Insurance Consultant” means D3G Capital Management, LLC, a Texas limited liability company.
“Insured” means a natural person who is named as the insured on a Policy.
“Interest Payment Date” with respect to any Advance, means the first Distribution Date occurring after the initial funding of such Advance, and each subsequent Distribution Date thereafter.
“Interest Period” means with respect to each Advance and each Interest Payment Date, (i) the period from and including the date such Advance is funded, to but excluding the immediately succeeding Distribution Date, and, thereafter, (ii) the period from and including the most recent preceding Distribution Date to but excluding the succeeding Distribution Date; provided, however, that for the last Interest Period that commences before the Maturity Date and so would otherwise end on a date occurring after the Maturity Date, such Interest Period shall end on and include the Maturity Date.
“Investment” means any investment in any Person, whether by means of share purchase, capital contribution, loan, time deposit or otherwise.
“Issuing Insurance Company” means with respect to any Policy, the insurance company that is obligated to pay the related benefit upon the death of the related Insured by the terms of such Policy (or the successor to such obligation).
“Joint Policy” means a Policy with more than one Insured that pays upon the death of the last Insured to die. Unless the context otherwise requires, joint Insureds of a Joint Policy shall collectively count, as applicable, as a “separate individual,” as a “single insured” or as an “insured person”.
“Lapsed/Grace Policy” has the meaning set forth in Section 10.1(p) of the Loan Agreement.
“Lender” means each of the financial institutions party to the Loan Agreement as lender thereunder.
“Lender’s Commitment” means, with respect to a Lender, the Commitment for such Lender as set forth on Schedule 2.1(a) of the Loan Agreement or in the Assignment and Assumption Agreement pursuant to which such Lender becomes a party to the Loan Agreement.
“Lender Default” means with respect to a Lender, the failure of such Lender to make any Advance it is obligated to make under the Loan Agreement, which failure continues for thirty (30) Business Days after the date on which such Lender receives written notice of such failure from the Borrower.
“Lender Note” and “Lender Notes” each has the meaning set forth in Section 2.5 of the Loan Agreement.

“Lender Releasees” has the meaning set forth in Section 13.16 of the Loan Agreement.
“Lender Valuation” means, on any date of determination, the value of the Pledged Policies (other than the Excluded Policies) as determined by the Required Lenders in their reasonable discretion. For purposes of this definition, but without limitation as to what other methodology and assumptions might be reasonable, similar methodology and assumptions utilized by the Required Lenders in valuing the Pledged Policies related to the Initial Advance shall be deemed to be reasonable. In valuing each such Pledged Policy, the Required Lenders: (i) utilized reasonable actuarial practices on a probabilistic basis and took into consideration other means of valuing life insurance policies including available market comparisons, (ii) determined which Select Composite Valuation Basic Table to use for the related Insured, (iii) used their reasonable judgment to optimize premiums, (iv) generally utilized at least two (2) LE Reports to determine the life expectancy of the related Insured, however, depending on such Pledged Policy, the Required Lenders could have utilized only one of the two LE Reports supplied by the Borrower, the Required Lenders could have combined the two supplied LE Reports in a manner determined in the Required Lenders’ sole and absolute discretion or the Required Lenders could have adjusted an individual LE Report based upon the Required Lenders’ review of such LE Reports or a review conducted by a third-party approved by the Required Lenders of such LE Reports and (v) based the discount rate of such Pledged Policy on market based conditions, with upward and downward adjustments in such discount rate to account for such Pledged Policy’s individual characteristics, including, without limitation, whether such Pledged Policy had a return of premium rider, the applicable maturity date, the face value of such Pledged Policy, the life expectancy of the related Insured, any information related to the origination of such Pledged Policy (such as whether such Pledged Policy was premium financed or originated pursuant to a “beneficial interest” program), the completeness of the related Collateral Package, the shape of the COI curve, the identity of the related Issuing Insurance Company and other factors identified and weighed by the Required Lenders in their reasonable judgment. The Borrower hereby acknowledges that the foregoing methodology is likely to change over time to account for market conditions and the Required Lenders’ experience in the life settlement marketplace and that any such changes to the methodology shall be in the Required Lenders’ reasonable judgment.
“LIBOR” means, for any Interest Period, an interest rate per annum (rounded upwards, if necessary, to the nearest 1/100 of 1%) equal to the British Bankers Association LIBOR Rate (“BBA LIBOR”) by Bloomberg, Reuters or other commercially available source providing quotations of BBA LIBOR, as designated by the Administrative Agent from time to time, at approximately 11:00 A.M. (London time) on the Rate Calculation Date for such Interest Period, as the London interbank offered rate for deposits in Dollars for a 12-month period.
“Lien” shall mean any mortgage, pledge, assignment, lien, security interest or other charge or encumbrance of any kind, including the retained security title of a conditional vendor or a lessor.
“Life Expectancy” means (A) with respect to any Policy, the average of two separate life expectancies of the related Insured, stated in months, provided by two separate Pre-Approved Medical Underwriters to achieve fifty (50%) percentile cumulative mortalities for such Insured and, if not provided, by applying the provided life expectancy in months to the mortality table selected by the Required Lenders to calculate a 50th percentile cumulative mortality schedule for such Insured; and 

(B) with respect to any Policy that is a Joint Policy means the joint life expectancy of the related Insureds in months provided by two (2) Pre-Approved Medical Underwriters to achieve a 50th percentile cumulative mortality for such Insureds and calculated in the Pricing Model by applying the weighted average of the cumulative mortality schedules provided for the two (2) joint life expectancies by the Pre-Approved Medical Underwriters and, if not provided, by applying the provided life expectancy in months to the mortality table selected by the Required Lenders to calculate a 50th percentile cumulative mortality for such Insureds.
“Life Expectancy Date” means, with respect to any Policy, the last day of the last month of the Life Expectancy for such Policy.
“Life Expectancy Report” or “LE Report” means, with respect to a Policy, an assessment by a Pre-Approved Medical Underwriter in a written statement dated within one-hundred eighty (180) days prior to the Advance Date on which such Policy became or is proposed to become a Pledged Policy, with respect to the Life Expectancy of the related Insured.
“Liquidated Policy” means any Pledged Policy that has been liquidated as a result of the death of the related Insured.
“Liquidation Proceeds” means any and all proceeds realized from Liquidated Policies.
“Loan Agreement” means the Second Amended and Restated Loan and Security Agreement, dated as of the Second Amended and Restated Closing Date among the Borrower, the Guarantor, the Initial Servicer, the Portfolio Manager, the Portfolio Manager, the Lenders party thereto and the Administrative Agent, as the same may be amended, restated, supplemented or otherwise modified from time to time.
“LP Parent” means Lamington Road Designated Activity Company (f/k/a Lamington Road Limited), an Irish designated activity company.
“LP Parent Contribution Agreement” means the Contribution Agreement, dated as of May 16, 2014, by and between the LP Parent, as the transferor of certain assets from time to time, and the Borrower, as the transferee thereof, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“LTV” means, on any date of determination, the fraction, expressed as a percentage, the numerator of which is the aggregate outstanding principal balance of all outstanding Advances, and the denominator of which is the Lender Valuation of the Pledged Policies (other than any Excluded Policies), as determined by the Required Lenders in their sole discretion.
“Manager” has the meaning set forth in the guidelines attached as Exhibit B to that certain opinion of tax counsel to the LP Parent dated the Original Amended and Restated Closing Date.

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION. 

“Material Adverse Effect” means, with respect to any event or circumstance, a material adverse effect on:
(a)the business, assets, financial condition or operations of the Borrower, the Assignor, the Predecessor Parent Pledgor or a Parent Pledgor or any of the Collateral;

(b)the ability of the Borrower, the Assignor, the Predecessor Parent Pledgor or a Parent Pledgor to perform its respective obligations under any Transaction Document to which such Person is a party;

(c)the validity or enforceability against the Borrower, the Assignor, the Predecessor Parent Pledgor or a Parent Pledgor of any Transaction Document to which such Person is a party;

(d)the status, existence, perfection or priority of the Administrative Agent’s (for the benefit of the Secured Parties) security interest in any of the Collateral or in any of the Pledged Interests; or

(e)the Lender Valuation or the aggregate amount of Net Death Benefits of the Pledged Policies or the validity, enforceability or collectability of a material number of Pledged Policies.

[*]
“Maturity Date” means December 31, 2031.
“Moody’s” means Moody’s Investors Service, Inc. and its successors.
“Net Death Benefit” means, with respect to a Policy, the amount projected to be paid by the Issuing Insurance Company to the Borrower or the Securities Intermediary on its behalf as a result of the death of the related Insured.
“Net Proceeds” shall mean, with respect to a sale of the Collateral pursuant to Section 2.7 of the Loan Agreement, all proceeds of such sale net of the lesser of (x) reasonable third-party out-of-pocket expenses incurred by the Borrower in relation to such sale which have been approved by the Administrative Agent in its sole and absolute discretion and (y) the greater of (i) $20,000 and (ii) one percent (1.00%) of the face amount of the Pledged Policies sold in such sale.
“Non-Determining Party” has the meaning set forth in Section 2.7(b) of the Loan Agreement.

“Non-Public Information” means any and all medical, health, financial and personally identifiable information about an Insured, a Policy seller, a Policy Beneficiary or any spouse or other individual closely related by blood or law to any such Person, including name, street or mailing address, e-mail address, telephone or other contact information, employer, social security or tax identification number, date of birth, driver’s license number, photograph or documentation of identity or residency (whether independently disclosed or contained in any disclosed document such as a Policy, life expectancy evaluation, life insurance application or viatical or life settlement application or agreement).
“Obligations” means all obligations (monetary or otherwise) of the Borrower to the Lenders or the Administrative Agent and their respective successors, permitted transferees and assigns arising under or in connection with the Loan Agreement, the Lender Notes and each other Transaction Document, in each case however created, arising or evidenced, whether direct or indirect, absolute or contingent, now or hereafter existing, or due or to become due, including, without limitation, the obligation of the Borrower to pay the Aggregate Participation Interest.
“Original Agreement” has the meaning set forth in the recitals to the Loan Agreement. “OFAC” has the meaning set forth in Section 8.1(v) of the Loan Agreement.
“OFAC Listed Person” has the meaning set forth in Section 8.1(v) of the Loan Agreement.
“OFAC Sanctions Program” means any economic or trade sanction that OFAC is responsible for administering and enforcing. A list of OFAC Sanctions Programs may be found at http://www.ustreas.gov/offices/enforcement/ofac/programs/. 
“Ongoing Maintenance Advance” shall mean an Advance made after the date of the making of the Initial Advance, the proceeds of which are used solely to pay amounts permitted pursuant to Section 2.8(a)(ii) of the Loan Agreement.
“Ongoing Maintenance Costs” means (i) the scheduled Premiums on the Pledged Policies (other than Excluded Policies) as set forth on the related Premium Payment Schedule and set forth in the related Annual Budget which has been approved by the Required Lenders pursuant to Section 9.1(d)(vi) of the Loan Agreement, as adjusted by the Administrative Agent to reflect any maturities or sales of Pledged Policies and any Advances and (ii) the Expenses of the Borrower.
“Ongoing Maintenance Costs Reimbursable Amount” shall mean as of any date of determination after the occurrence of a Lender Default, the aggregate amount of Ongoing Maintenance Costs the Borrower has actually paid after the occurrence of such Lender Default and would not have otherwise had to pay had such Lender Default not occurred, plus interest thereon at a rate equal to the Default Rate.
“Original Amended and Restated Closing Date” shall mean May 16, 2014.
“Original Amended and Restated Loan Agreement” has the meaning set forth in the recitals to the Loan Agreement.

“Original Owner” means, with respect to a Policy, the Person to which the Policy was initially issued and who was listed as owner on the initial declarations page of such Policy or the policy application, as applicable.
“Other Connection Taxes” means, with respect to any Recipient, Taxes imposed as a result of a present or former connection between such Recipient and the jurisdiction imposing such Tax (other than connections arising from such Recipient having executed, delivered, become a party to, performed its obligations under, received payments under, received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Transaction Document, or sold or assigned or received by way of sale or assignment an interest in any Advance or Transaction Document).
“Other Taxes” means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, the Loan Agreement (or the Original Agreement or the Original Amended and Restated Loan Agreement).
“Parent Pledgor” means each of the GP Parent and LP Parent and collectively, the “Parent Pledgors”.
“Partial Repayment Date” shall mean the date on which all Obligations have been paid in full in cash by the Borrower (other than the Aggregate Participation Interest, any Administrative Agent Fees due and payable after such date and any Protective Advances made after such date, and including, for the avoidance of doubt, the Amortization Shortfall Amounts for all of the Shortfall Pledged Policies that remain unpaid) and all Commitments have been terminated.
“Participation Interest Account” means an account to be designated in writing from time to time by the Initial Lender to the Borrower.
“Participation Interest” shall mean with respect to each Pledged Policy, the right of the Lenders to receive the Participation Interest Percentage of the portion of Collections (including Available Amounts), prior to the deduction of any Amortization Shortfall Amounts and Participation Interest Shortfall Amounts, distributable pursuant to (i) clause “Eighth” of Section 5.2(b) of the Loan Agreement, (ii) clause “Tenth” of Section 5.2(b) of the Loan Agreement, (iii) clause “Eleventh” of Section 5.2(b) of the Loan Agreement, (iv) clause “Eleventh” of Section 5.2(c) of the Loan Agreement, (v) clause “Fourteenth” of Section 5.2(c) of the Loan Agreement, (vi) clause “Fifteenth” of Section 5.2(c) of the Loan Agreement, (vii) Clause “Ninth” of Section 5.2(e) of the Loan Agreement, (viii) Clause “Tenth” of Section 5.2(e) of the Loan Agreement and/or (ix) Section 10.2(c) of the Loan Agreement, as applicable.
“Participation Interest Percentage” shall initially equal fifty percent (50%) and on or after December 28, 2016, such percentage shall equal forty-five percent (45%). Such percentage shall be reduced once by three percent (3.00%) for each calendar quarter which is one of the first sixteen (16) calendar quarters occurring after the Initial Closing Date in which one or more Lender Defaults has initially occurred and no other Lender made the Advances that the applicable Lenders which caused 

such Lender Default(s) were obligated to make; provided that such percentage shall not be reduced with respect to any such calendar quarter if any Lender or Lenders make additional Advances within twelve (12) months of the end of such calendar quarter, in an amount which equals or exceeds the amount of the Advances that the Lenders that caused the related Lender Default(s) to initially occur in such calendar quarter failed to advance.
“Participation Interest Shortfall Amount” shall mean, with respect to a Pledged Policy that has become a Shortfall Pledged Policy, the excess of (x) the aggregate of the amounts that would have been distributed to the Participation Interest Account on the next Distribution Date occurring after the date on which such Pledged Policy became a Shortfall Pledged Policy, had such Pledged Policy matured and had the related death benefit been paid in full by the related Issuing Insurance Company, by deposit thereof into the Collection Account prior to the related Calculation Date pursuant to clause “Eleventh” of Section 5.2(b) of the Loan Agreement, clause “Fifteenth” of Section 5.2(c) of the Loan Agreement or clause “Tenth” of Section 5.2(e) of the Loan Agreement, as applicable, as determined by the Administrative Agent on such Calculation Date, over (y) the aggregate of the amounts that will actually be distributed to the Participation Interest Account on such Distribution Date pursuant to clause “Eleventh” of  Section 5.2(b) of the Loan Agreement, clause “Fifteenth” of Section 5.2(c) of the Loan Agreement or clause “Tenth” of Section 5.2(e) of the Loan Agreement, as applicable, but not taking into account any amounts that will actually be distributed pursuant to clause (ii) thereof which relate to such Shortfall Pledged Policy, as determined by the Administrative Agent on the related Calculation Date.
“Payment Account” has the meaning set forth in Section 5.1(b) of the Loan Agreement.
“Payment Instructions” has the meaning set forth in Section 5.2(b) of the Loan Agreement.
“Payoff Notice” has the meaning set forth in Section 6.5 of the Loan Agreement.
“PBGC” means the Pension Benefit Guaranty Corporation or any entity succeeding to any or all of its functions under ERISA.
“Permitted Sale Cashflow Date” shall mean the date on which (i) the sum of (a) the aggregate face amount of all Pledged Policies which were sold pursuant to Section 2.7(a) of the Loan Agreement (other than Pledged Policies sold pursuant to clause (iv) of the first sentence of Section 2.7(a) of the Loan Agreement) and (b) the aggregate face amount of all Pledged Policies which were sold pursuant to Section 2.7(b) of the Loan Agreement and in respect of which the Determining Party was the Borrower or the Portfolio Manager (other than Direct Assumption Policies) exceeds ten percent (10%) of the aggregate face amount of all the Pledged Policies as of the Initial Closing Date, or (ii) the sum of (a) the Lender Valuation of all Pledged Policies which were sold pursuant to Section 2.7(a) of the Loan Agreement (other than Pledged Policies sold pursuant to clause (iv) of the first sentence of Section 2.7(a) of the Loan Agreement) as of their respective sale dates and (b) the Lender Valuation of all Pledged Policies which were sold pursuant to Section 2.7(b) of the Loan Agreement and in respect of which the Determining Party was the Borrower or the Portfolio Manager (other than Direct Assumption Policies) exceeds ten percent (10%) of the Lender Valuation as of the Initial Closing Date or (iii) the sum of (a) the aggregate number of all Pledged Policies which were sold pursuant to Section 2.7(a) of the Loan Agreement (other than Pledged Policies sold pursuant to clause (iv) of the 

first sentence of Section 2.7(a) of the Loan Agreement) and (b) the aggregate number of all Pledged Policies which were sold pursuant to Section 2.7(b) of the Loan Agreement and in respect of which the Determining Party was the Borrower or the Portfolio Manager (other than Direct Assumption Policies) exceeds ten percent (10%) of the aggregate number of all Pledged Policies as of the Initial Closing Date.
“Permitted Investment” means, at any time:
(a)    marketable obligations issued by or the full and timely payment of which is directly and fully guaranteed or insured by the United States government or any other government with an equivalent rating, or any agency or instrumentality thereof when such marketable obligations are backed by the full faith and credit of the United States government or such other equivalently rated government, as the case may be, but excluding any securities which are derivatives of such obligations; and
(b)    time deposits, bankers’ acceptances and certificates of deposit of any domestic commercial bank or any United States branch or agency of a foreign commercial bank which (i) has capital, surplus and undivided profits in excess of $100,000,000 and which has a commercial paper or certificate of deposit rating in the highest rating category by Moody’s and in one of the two highest rating categories by S&P or (ii) is set forth in a list (which may be updated from time to time) approved in writing by the Required Lenders.
“Permitted Lien” with respect to any Pledged Policy or Subject Policy means a Lien, security interest, pledge, charge or encumbrance, or similar right or claim (i) in favor of the Administrative Agent pursuant to the Transaction Documents, or (ii) in the case of a Retained Death Benefit Policy, in favor of an original owner, insured or seller or any family member of any of the foregoing of a Pledged Policy or Subject Policy but only to the extent of the portion of the death benefit thereof retained by or in favor of such Person.
“Person” means an individual, partnership, corporation (including a business trust), limited liability company, joint stock company, trust, unincorporated association, joint venture, government or any agency or political subdivision thereof or any other entity.
“Physician’s Competency Statement” means, with respect to an Insured, a letter issued by such Insured’s attending physician confirming that such Insured is mentally competent as of the date of such letter.
“Pledged Interests” means, collectively, the ownership interests in the Borrower pledged to the Administrative Agent by the Parent Pledgors pursuant to the Borrower Interest Pledge Agreement.
“Pledged Policy” means each Policy pledged to secure Advances under the Loan Agreement that is not a Policy that has been sold or abandoned as contemplated by Section 2.7 of the Loan Agreement or been released from the Lien of the Administrative Agent pursuant to Section 2.6 of the Loan Agreement.
“Policy” means any life insurance policy.

“Policy Account” shall have the meaning set forth in the Account Control Agreement.
“Policy Illustration” means, with respect to any Policy, a level premium, policy values and Net Death Benefit projection produced by the Issuing Insurance Company or an agent of the Issuing Insurance Company, using the Issuing Insurance Company’s current/non-guaranteed values (with a non-guaranteed interest crediting rate not to exceed two-hundred (200) basis points over the guaranteed rate) sufficient to carry such Policy to its Policy Maturity Date, which Policy Illustration is not dated more than three hundred sixty-five (365) days prior to the applicable Advance Date.
“Policy Loan” means with respect to a Policy, an outstanding loan secured thereby or that has setoff rights with respect thereto.
“Policy Maturity Date” means, with respect to a Policy, the date specified in the Policy, including any extensions thereto available and exercised under the terms of the Policy, on which coverage offered under the Policy terminates.
“Portfolio Management Agreement” means the Portfolio Management Agreement, dated as of the Original Amended and Restated Closing Date, by and between the Portfolio Manager and the Borrower, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Portfolio Manager” means Lamington Road Bermuda Ltd., acting as Portfolio Manager, or any successor Portfolio Manager.
“Portfolio Manager Fee” shall mean, with respect to each Distribution Date, a fee in an amount equal to $300 for each Policy that was a Pledged Policy during the immediately preceding calendar quarter.
“Portfolio Manager Indemnified Amounts” has the meaning set forth in Section 11.2 of the Loan Agreement.
“Portfolio Manager Termination Event” has the meaning set forth in the Portfolio Management Agreement.
“Pre-Approved Medical Underwriters” means any two (2) of Fasano, AVS or 21st Services.
“Predecessor Parent Pledgor” means Markley Asset Portfolio, LLC, a Delaware limited liability company.
“Predecessor Parent Pledgor Contribution Agreement” means the Contribution Agreement, dated as of April 29, 2013, by and between the Predecessor Parent Pledgor, as the transferor, and the Borrower, as the transferee, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Predecessor Parent Pledgor Contribution Agreement Side Letter” means that certain side letter, dated as of May 16, 2014, by and between the Predecessor Parent Pledgor, as the transferor, 

and the Borrower, as the transferee, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Predecessor Parent Pledgor LP Contribution Agreement” means the Contribution Agreement, dated as of May 16, 2014, by and between the Predecessor Parent Pledgor, as the transferor of certain assets from time to time, and the LP Parent, as the transferee thereof, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Premium” means, with respect to any Pledged Policy, as indicated by the context, any past due premium with respect thereto, or any scheduled premium.
“Premium Payment Schedule” has the meaning set forth in the Servicing Agreement.
“Priority of Payments” means the priority of payments set forth in Section 5.2 of the Loan Agreement.
“Proposed Additional Policy Advance” has the meaning set forth in Section 2.3(c) of the Loan Agreement.
“Proposed Additional Policy Advance Notice” has the meaning set forth in Section 2.3(c) of the Loan Agreement.
“Proposed Initial Advance” has the meaning set forth in Section 2.3(a) of the Loan Agreement.
“Proposed Initial Advance Notice” has the meaning set forth in Section 2.3(a) of the Loan Agreement.
“Proposed Sale Agreement” has the meaning set forth in Section 2.7(a)(ii) of the Loan Agreement.
“Protective Advances” has the meaning set forth in Section 2.1(e) of the Loan Agreement.
“Publicly Traded Company” means a Person whose securities are listed on a national securities exchange or quoted on an automated quotation system in the United States of America and any wholly-owned subsidiary of such a Person.
“Purchase Price” means $37,260,895.
“Qualified Person” means either (i) an individual resident or citizen of the United States of America or any other resident of the United States of America or Ireland which is a “qualified person” under the Treaty or (ii) a bank (within the meaning of the Treaty) which funds its Advances through a branch located in either the United States or Ireland.
“Rate Calculation Date” for any Interest Period, means the last Business Day of the preceding calendar year.
“Rate Floor” has the meaning set forth in Section 3.1 of the Loan Agreement.

“Receiving Party” has the meaning set forth in Section 13.12 of the Loan Agreement.
“Recovered Pledged Policy” has the meaning set forth in Section 5.2(f) of the Loan Agreement.
“Recipient” means the Administrative Agent or a Lender, as applicable.
“Red Falcon Credit Facility” that certain credit facility originally entered into on July 16, 2015 pursuant to which CLMG Corp. served as administrative agent and Red Falcon Trust, a Delaware statutory trust and an Affiliate of the Borrower, acted as borrower.
“Regulatory Change” means, relative to any Affected Party:
(a)    any change in (or the adoption, implementation, change in the phase-in or commencement of effectiveness of) any: (i) United States Federal or state law or foreign law applicable to such Affected Party, (ii) regulation, interpretation, directive, requirement or request (whether or not having the force of law) applicable to such Affected Party of (A) any court or government authority charged with the interpretation or administration of any law referred to in clause (a)(i), or of (B) any fiscal, monetary or other authority having jurisdiction over such Affected Party, or (iii) GAAP or regulatory accounting principles applicable to such Affected Party and affecting the application to such Affected Party of any law, regulation, interpretation, directive, requirement or request referred to in clause (a)(i) or (a)(ii) above;
(b)    any change in the application to such Affected Party of any existing law, regulation, interpretation, directive, requirement, request or accounting principles referred to in clause (a)(i), (a)(ii) or (a)(iii) above; or
(c)    the issuance, publication or release of any regulation, interpretation, directive, requirement or request of a type described in clause (a)(ii) above to the effect that the obligations of any Lender hereunder are not entitled to be included in the zero percent category of off-balance sheet assets for purposes of any risk-weighted capital guidelines applicable to such Lender or any related Affected Party.
For the avoidance of doubt, any interpretation of Accounting Research Bulletin No. 51 by the Financial Accounting Standards Board (including, without limitation, Interpretation No. 46: Consolidation of Variable Interest Entities) shall constitute a Regulatory Change, regardless of whether it occurred before or after the date hereof.
“Representatives” has the meaning set forth in Section 13.12 of the Loan Agreement.
“Required Amortization” means, with respect to any Distribution Date, the product of (i) the Cash Flow Sweep Percentage and (ii) the remaining Available Amount after giving effect to all distributions on such Distribution Date pursuant to clauses “First” through “Fifth” of Section 5.2(b) of the Loan Agreement (if no Lender Default is continuing) or clause “First” through sub-clause (b)(iii) of clause “Sixth” of Section 5.2(b) of the Loan Agreement (if a Lender Default has occurred and is continuing), as applicable.

“Required Lenders” means Lenders holding more than fifty percent (50%) of the aggregate Commitments.
“Rescission Period” means, with respect to any Policy, the contractual or statutory period during which the related Original Owner or any other Person can rescind the sale of such Policy to the Initial Purchaser.
“Retained Death Benefit Policy” means a Policy in which a Person in addition to the Securities Intermediary is designated as the “beneficiary” under the Policy by the related Issuing Insurance Company.
“S&P” means Standard & Poor’s Ratings Services, a division of The McGraw-Hill Companies, Inc. and its successors.
“Sale Price” has the meaning set forth in Section 2.7(a)(ii) of the Loan Agreement.
“Scheduled Commitment Termination Date” means December 31, 2031, as such date may be extended pursuant to the written consent of the Borrower and the Lenders.
“Second Amended and Restated Closing Date” means January 31, 2017.
“Second Amendment” means that certain Second Amendment to Amended and Restated Loan and Security Agreement, dated as of December 29, 2016, by and among the Borrower, the Initial Portfolio Manager, the Initial Servicer, the Guarantor, the Initial Lender and the Administrative Agent.
“Secured Parties” means each Lender, the Administrative Agent and the Affected Parties.
“Securities Intermediary” means Wilmington Trust, National Association, in its capacity as securities intermediary under the Account Control Agreement.
“Servicer” means MLF LexServ LP, acting as Servicer, or any Successor Servicer.
“Servicer Report” means, collectively, the reports required to be delivered by the Servicer under the Servicing Agreement.
“Servicer Report Date” means the date the Servicer Report is to be delivered pursuant to the terms of the Servicing Agreement.
“Servicer Termination Event” means an event or circumstance with respect to the Servicer, which would cause the termination of the Servicing Agreement, in accordance with the terms thereof.
“Servicing Agreement” means the Servicing Agreement, dated as of the Original Amended and Restated Closing Date, among the Servicer, the Portfolio Manager, the Initial Servicer and the Borrower, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Transaction Documents.
“Servicing Fee” has the meaning set forth in the Servicing Agreement.

“Shortfall Exclusion Election” has the meaning set forth in Section 5.4 of the Loan Agreement.
“Shortfall Pledged Policy” means, subject to Section 5.4 of the Loan Agreement, a Pledged Policy in respect of which the related Issuing Insurance Company has successfully challenged or rescinded (or prevailed in any similar action or arbitration or a settlement of any such action was consummated) such Pledged Policy and the result of such challenge or rescission (or such similar action, arbitration or settlement) was that such Issuing Insurance Company either (a) paid an amount less than the face amount of such Pledged Policy plus any applicable statutory interest or (b) did not pay any portion of the related death benefit to the Securities Intermediary for deposit into the Collection Account. For avoidance of doubt, any Pledged Policy in respect of which an Issuing Insurance Company obtains a favorable judgment or verdict in a challenge or rescission action (or any similar action, including, without limitation, in an arbitration proceeding), shall be deemed to be a Shortfall Pledged Policy regardless of whether any appeal is pending, possible or planned. For purposes of clarity, and not by way of limitation, if a Pledged Policy becomes a Shortfall Pledged Policy as a result of a legal proceeding or arbitration proceeding, such Pledged Policy shall be deemed to become a Shortfall Pledged Policy on the date a judgment, verdict or ruling is rendered, or in the case of a settlement of any challenge or rescission action, on the date of execution of any settlement agreement or similar agreement, and otherwise, on the date designated by the Required Lenders in their discretion exercised in a commercially reasonable manner.
“Solvent” means with respect to any Person, that as of the date of determination (A)(i) the then fair saleable value of the property of such Person is (y) greater than the total amount of liabilities (including contingent liabilities that, in light of all of the facts and circumstances existing at such time, represents the amount that can reasonably be expected to become an actual or matured liability) of such Person and (z) not less than the amount that will be required to pay the reasonably projected liabilities on such Person’s then existing debts as they become absolute and matured considering all financing alternatives and potential asset sales reasonably available to such Person; (ii) such Person’s capital is not unreasonably small in relation to its business or any contemplated or undertaken transaction; and (iii) such Person does not intend to incur, or believe (nor should it reasonably believe) that it will incur, debts beyond its ability to pay such debts as they become due; and (B) such Person is “solvent” within the meaning given that term and similar terms under Applicable Laws relating to fraudulent transfers and conveyances.
“Subject Policy” means, with respect to an Advance, a Policy proposed to be pledged by the Borrower in connection with such Advance.
“Subsequent Advance Acceptance” shall have the meaning specified in Section 2.3(b) of the Loan Agreement.
“Subsequent Advance Date” with respect to any Advance other than the Initial Advance, shall mean the date that such Advance is made pursuant to and in accordance with the Loan Agreement.
“Subsidiary” means, with respect to any Person, any corporation or other entity of which securities or other ownership interests having ordinary voting power (other than securities or other ownership interests having such power only by reason of the happening of a contingency which has 

not occurred) 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.
“Successor Portfolio Manager” has the meaning set forth in the Portfolio Management Agreement.
“Successor Initial Servicer” means “Successor Servicer” as defined in the Initial Servicing Agreement.
“Successor Servicer” means a successor servicer appointed pursuant to and in accordance with the terms of the Servicing Agreement.
“Tax” or “Taxes” means any and all fees (including documentation, recording, license and registration fees), taxes (including net income, gross income, franchise, value added, ad valorem, sales, use, property (personal and real, tangible and intangible) and stamp taxes), levies, imposts, duties, charges, assessments or withholdings of any nature whatsoever, general or special, ordinary or extraordinary, together with any and all penalties, fines, additions to tax and interest thereon, imposed by any Governmental Authority.
“Transaction Documents” means the Loan Agreement, the Initial Servicing Agreement, the Servicing Agreement, the Assignor Contribution Agreement, the Predecessor Parent Pledgor Contribution Agreement, the Predecessor Parent Pledgor Contribution Agreement Side Letter, the Borrower Interest Purchase and Sale Agreement, the Assignment of Interest in Limited Partnership, the Predecessor Parent Pledgor LP Contribution Agreement, the LP Parent Contribution Agreement, the Consultancy Agreement, the Administrative Services Agreement, the Portfolio Management Agreement, the Guaranty, the Borrower Interest Pledge Agreement, the Account Control Agreement, the Fee Letter, the Lender Notes, the UCC financing statements filed in connection with any of the foregoing, and in each case any other agreements, instruments, certificates or documents delivered or contemplated to be delivered thereunder or in connection therewith, as any of the foregoing may be amended, supplemented, amended and restated, or otherwise modified from time to time in accordance with the Loan Agreement.
“Treaty” means the Convention Between the Government of the United States of America and the Government of Ireland for the Avoidance of Double Taxation and the Prevention of Fiscal Evasion With Respect To Taxes on Income and Capital Gains.
“UCC” means the Uniform Commercial Code as from time to time in effect in the applicable jurisdiction or jurisdictions.
“Unmatured Event of Default” shall mean any event that, if it continues uncured, will, with lapse of time or notice or both, constitute an Event of Default.
“Up-Front Fee” means $4,000,000.
“U.S. Person” means any Person that is a “United States Person” as defined in Section 7701(a)(30) of the Code.

“U.S. Tax Compliance Certificate” has the meaning set forth in Section 6.3(e)(ii)(B)(iii) of the Loan Agreement.
“Withholding Agent” means the Securities Intermediary.
“Withholding Amount” means the aggregate amount of United States withholding taxes with respect to Collections relating to the GP Parent’s general partnership interest in the Borrower.
“Withholding Tax Change of Circumstance” means a situation where United States withholding taxes (a) would not have been due with respect to any payment by or on account of any obligation of the Borrower under the Borrower’s ownership and entity structure existing prior to the Original Amended and Restated Closing Date by reason of an income tax treaty between the United States and the country of the Lender’s residence or other applicable lending office and (b) will be due with respect to any payment by or on account of any obligation of the Borrower under the Borrower’s ownership and entity structure existing after the Original Amended and Restated Closing Date by reason of the inability due to such structure changes to qualify under that income tax treaty after the Original Amended and Restated Closing Date and the inability to qualify, or benefit under a substantially equivalent exemption, under any other applicable income tax treaty.Exhibit

EXECUTION VERSION

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

SECOND AMENDED AND RESTATED SECURITIES ACCOUNT CONTROL AND CUSTODIAN AGREEMENT

Among

CLMG CORP.,
as Administrative Agent

WHITE EAGLE ASSET PORTFOLIO, LP, as the Borrower

WILMINGTON TRUST, NATIONAL ASSOCIATION
in its capacity as Securities Intermediary

And
WILMINGTON TRUST, NATIONAL ASSOCIATION
in its capacity as Custodian

Dated as of January 31, 2017

TABLE OF CONTENTS

Page

ARTICLE I DEFINITIONS AND INTERPRETIVE PROVISIONS .............................................3

Section 1.1    Definitions; Interpretive Provisions .....................................................................3

ARTICLE II ACCOUNTS ..............................................................................................................4

Section 2.1    Establishment of Accounts ..................................................................................4

Section 2.2    Pledged Accounts and Pledged Financial Assets ................................................7

Section 2.3    Deposits into and Disbursements from Collection Account................................7

Section 2.4    Payment Account .................................................................................................9

Section 2.5    Policy Account.....................................................................................................9

Section 2.6    Deposits into and Disbursements from Escrow Account ..................................11

Section 2.7    Consent of the Administrative Agent ................................................................12

Section 2.8    Pledged Accounts ..............................................................................................12

Section 2.9    Borrower Account..............................................................................................12

ARTICLE III GRANT OF SECURITY INTEREST IN PLEDGED ACCOUNTS .....................12

Section 3.1    Security for Obligations .....................................................................................12

Section 3.2    Financial Assets Election ...................................................................................13

Section 3.3    Entitlement Orders .............................................................................................13

Section 3.4    Subordination of Lien; Waiver of Set-Off .........................................................14

Section 3.5    Choice of Law....................................................................................................14

Section 3.6    Conflict with Other Agreements; Amendments ................................................15

Section 3.7    Adverse Claims ..................................................................................................15

Section 3.8    Maintenance of Pledged Accounts ....................................................................15

ARTICLE IV MAINTENANCE OF PLEDGED ACCOUNTS AND POLICIES .......................17

Section 4.1    Notice of Pledged Account Activity ..................................................................17

Section 4.2    Authorized Representatives ...............................................................................17

Section 4.3    Duties with Respect to Pledged Financial Assets ..............................................17

Section 4.4    Records ..............................................................................................................21

Section 4.5    Lapse Notices.....................................................................................................22

Section 4.6    Sale of Pledged Financial Assets .......................................................................23

Section 4.7    Custody of Custodial Packages..........................................................................24

ARTICLE V CONCERNING THE SECURITIES INTERMEDIARY........................................27

Section 5.1    Representations, Warranties and Covenants of the Securities Intermediary .....27

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TABLE OF CONTENTS
 
Page

ARTICLE I DEFINITIONS AND INTERPRETIVE PROVISIONS .............................................3

Section 1.1    Definitions; Interpretive Provisions ...................................................................3

ARTICLE II ACCOUNTS ..............................................................................................................4

Section 2.1    Establishment of Accounts ................................................................................4
Section 2.2    Pledged Accounts and Pledged Financial Assets...............................................7
Section 2.3    Deposits into and Disbursements from Collection Account..............................7
Section 2.4    Payment Account .............................................................................................10
Section 2.5    Policy Account.................................................................................................10
Section 2.6    Deposits into and Disbursements from Escrow Account ................................12
Section 2.7    Consent of the Administrative Agent ..............................................................12
Section 2.8    Pledged Accounts.............................................................................................12
Section 2.9    Borrower Account............................................................................................13

ARTICLE III GRANT OF SECURITY INTEREST IN PLEDGED ACCOUNTS .....................13

Section 3.1    Security for Obligations ...................................................................................13
Section 3.2    Financial Assets Election .................................................................................13
Section 3.3    Entitlement Orders ...........................................................................................13
Section 3.4    Subordination of Lien; Waiver of Set-Off .......................................................15
Section 3.5    Choice of Law..................................................................................................15
Section 3.6    Conflict with Other Agreements; Amendments ..............................................15
Section 3.7    Adverse Claims ................................................................................................16
Section 3.8    Maintenance of Pledged Accounts...................................................................16

ARTICLE IV MAINTENANCE OF PLEDGED ACCOUNTS AND  POLICIES ......................18

Section 4.1    Notice of Pledged Account Activity ................................................................18
Section 4.2    Authorized Representatives .............................................................................18
Section 4.3    Duties with Respect to Pledged Financial Assets ............................................18
Section 4.4    Records ............................................................................................................22
Section 4.5    Lapse Notices...................................................................................................23
Section 4.6    Sale of Pledged Financial Assets .....................................................................24
Section 4.7    Custody of Custodial Packages........................................................................25

ARTICLE V CONCERNING THE SECURITIES INTERMEDIARY........................................29

Section 5.1    Representations, Warranties and Covenants of the Securities
Intermediary .....................................................................................................29
Section 5.2    Special Provisions Relating to the Securities Intermediary .............................30

ARTICLE VI REPRESENTATIONS AND WARRANTIES OF THE BORROWER
AND THE ADMINISTRATIVE AGENT ......................................................34

DOC ID - 25492150.3                                                                                     -i-

TABLE OF CONTENTS
(continued)

Page
Section 6.1    Representations and Warranties of the Borrower ...........................................34
Section 6.2    Representations and Warranties of the Administrative Agent.........................35

ARTICLE VII MISCELLANEOUS..............................................................................................35

Section 7.1    Successors; Assignment...................................................................................35
Section 7.2    Notices ............................................................................................................36
Section 7.3    Termination......................................................................................................38
Section 7.4    U.S.A. PATRIOT Act ......................................................................................38
Section 7.5    No Waiver; Remedies .....................................................................................38
Section 7.6    Binding Effect; Benefit of Agreement ............................................................39
Section 7.7    Governing Law; Consent to Jurisdiction; Waiver of Objection to
Venue; Process Agent ......................................................................................39
Section 7.8    Waiver of Jury Trial..........................................................................................39
Section 7.9    Amendments and Modifications ......................................................................39
Section 7.10    Confidentiality .................................................................................................40
Section 7.11    Execution in Counterparts; Severability; Integration ......................................41
Section 7.12    Waiver of Setoff................................................................................................42
Section 7.13    Heading and Exhibits .......................................................................................42
Section 7.14    Non-Confidentiality of Tax Treatment .............................................................42

Exhibit A              Loan Agreement
Exhibit B              Pledged Accounts
Exhibit C              Form of Entitlement Order
Exhibit D-1           Form of Entitlement Order Prior to the Termination Date (Prior to the
Occurrence of an Event of Default)
		
	Exhibit D-2
	Form of Entitlement Order Prior to the Termination Date (After Occurrence of an Event of Default)

Exhibit D-3           Form of Entitlement Order On or After the Termination Date
Exhibit E               Limited Recourse Language Exhibit F               Authorized Representatives Exhibit G              Reserved
Exhibit H              Form of Custodial Package Release Instruction
Exhibit I-1            Form of Custodian’s Policy Receipt Letter
Exhibit I-2            Form of Custodian’s Custodial Package Index Receipt Letter
Exhibit I-3            Form of Custodian’s Policy Delivery Exception Policy Receipt Letter
Exhibit J               Reserved
Exhibit K              Reserved
Exhibit L-1           Form of Policy Confirmation (For Each Advance Date other than the Advance
Date for Initial Advance)
Exhibit L-2    Form of Policy Confirmation (For the Advance Date for the Initial Advance) Exhibit L-3    Form of Change Form Confirmation (For the Initial Advance)
Exhibit M             Form of Custodial Package Index
Exhibit N              Form of Custodial Package Receipt
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TABLE OF CONTENTS
(continued)

Schedule I    Initial Advance Policies
Schedule II    Additional Advance Policies
Schedule III    Policy Illustrations Older than 365 Days
Schedule IV    Beneficiary Pledge Agreement or Security Agreement Policies
Schedule V    Letter of Competency Exception Policies
Schedule VI    Spousal Consent Exception Policies (Tertiary Files) Schedule VII    Reserved
Schedule VIII    Death Certificate Authorization Exception Policies
Schedule IX    Seller W-9 Exception Policy
Schedule X    Physician’s Statement Exception Policies
Schedule XI    Spousal Consent/Release Exception Policies (Life Settlement Files) Schedule XII    HIPAA and DCA or POA w/ MRR
Schedule XIII    Life Settlement Contract or Premium Finance Loan Agreement Exception
Policies
Schedule XIV    Insured's ID Exception Policies
Schedule XV    Seller's ID
Schedule XVI    Insured’s Application Exception Policies
Schedule XVII    Change Form Exception Policies
Schedule XVIII    Contacts for the Insured Exception Policies Schedule XIX    Original Policy or Duplicate Exception Policies Schedule XX    Annual Policy Statement Exception Policies Schedule XXI    Life Settlement Application Exception Policies
Schedule XXII    Application and Loan Agreement Exception Policies (Imperial Premium
Finance)
Schedule XXIII    Red Falcon Policies

-iii-
DOC ID - 25492150.3

SECOND AMENDED AND RESTATED SECURITIES ACCOUNT CONTROL AND CUSTODIAN AGREEMENT

This SECOND AMENDED AND RESTATED SECURITIES ACCOUNT CONTROL AND  CUSTODIAN  AGREEMENT,  dated  as  of  January  31,  2017  (this  “Agreement”),  is entered into by and among:

(i)    CLMG CORP., a Texas corporation, as the administrative agent for the Lenders
(as defined herein) (in such capacity, the “Administrative Agent”),

(ii)    WHITE EAGLE ASSET PORTFOLIO, LP, a Delaware limited partnership (the
“Borrower”,

(iii)    WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association  (“Wilmington”),  in  its  capacity  as  the  securities  intermediary  maintaining  the Pledged Accounts (as defined herein) (the “Securities Intermediary”), and

(iv)    WILMINGTON TRUST, NATIONAL ASSOCIATION, a national banking association, not in its individual capacity hereunder but solely as custodian (in such limited capacity, the “Custodian”).

RECITALS:

WHEREAS, on May 16, 2014, the Borrower converted from being a Delaware limited liability company to a Delaware limited partnership;

WHEREAS, the parties hereto desire to amend, restate and supersede in its entirety the
Amended and Restated Securities Account Control and Custodian Agreement, dated as of May 16, 2014, by and among the Borrower, the Administrative Agent, the Securities Intermediary and the Custodian (as amended, the “Original Agreement”);

WHEREAS, the Borrower, the financial institutions parties thereto as lenders (the “Lenders”), the Administrative Agent, Lamington Road Bermuda Ltd., as Portfolio Manager (as defined in the Loan Agreement) and Imperial Finance & Trading, LLC, as initial Servicer, Initial Portfolio Manager and Guarantor (each as defined in the Loan Agreement), have entered into that certain Second Amended and Restated Loan and Security Agreement, dated as of January 31, 2017, a copy of which is attached hereto at Exhibit A (such agreement, as it may be amended, supplemented, amended and restated or otherwise modified from time to time in accordance with its terms, the “Loan Agreement”);

WHEREAS, pursuant to Sections 5.1(a) of the Loan Agreement, the Borrower is required to establish and is required to maintain, in the name of the Borrower, the Collection Account (as defined herein) with the Securities Intermediary bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties (as defined in the Loan Agreement) until all the Obligations (as defined in the Loan Agreement) (including, without limitation, the Aggregate Participation Interest (as defined

Second Amended and Restated Securities Account Control and Custodian Agreement, among White Eagle Asset Portfolio, LP, CLMG Corp. and Wilmington Trust, National Association

Page 1 of 43

in the Loan Agreement)) have been paid in full in cash, satisfied in full and discharged, which
Collection Account at all times shall be subject to this Agreement;

WHEREAS, pursuant to Sections 5.1(b) of the Loan Agreement, the Borrower is required to establish and is required to maintain, in the name of the Borrower, the Payment Account (as defined herein) with the Securities Intermediary bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties until all the Obligations (including, without limitation, the Aggregate Participation Interest) have been paid in full in cash, satisfied in full and discharged, which Payment Account at all times shall be subject to this Agreement;

WHEREAS, pursuant to Sections 5.1(c) of the Loan Agreement, the Borrower is required to establish and is required to maintain, in the name of the Borrower, the Borrower Account (as defined herein) with the Securities Intermediary bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties until all the Obligations (including, without limitation, the Aggregate Participation Interest) have been paid in full in cash, satisfied in full and discharged, which Borrower Account at all times shall be subject to this Agreement;

WHEREAS, pursuant to the Loan Agreement, the Borrower is required to establish and is required to maintain, in the name of the Borrower, the Escrow Account (as defined herein) with the Securities Intermediary bearing a designation clearly indicating that the funds deposited therein are held for the benefit of the Administrative Agent, on behalf of the Secured Parties until all the Obligations (including, without limitation, the Aggregate Participation Interest) have been paid in full in cash, satisfied in full and discharged, which Escrow Account at all times shall be subject to this Agreement;

WHEREAS, pursuant to Section 2.6(a) of the Loan Agreement, the Borrower has granted to the Administrative Agent, for the benefit of the Secured Parties, a continuing, first priority security interest in, and assignment of, all of the Borrower’s right, title and interest in, to and under, whether now or hereafter owned, existing or arising, the Collection Account, the Payment Account, the Borrower Account, the Escrow Account and the Policy Account (including the Pledged Policies credited thereto) designated and maintained by the Securities Intermediary for the crediting and debiting of Pledged Policies for the benefit of the Administrative Agent in accordance with this Agreement; and

WHEREAS, Securities Intermediary has established and maintained pursuant to the Original Agreement and shall continue to maintain the Borrower Account, the Collection Account, the Payment Account, the Policy Account and the Escrow Account, in accordance with and subject to the terms and conditions set forth in this Agreement.

NOW, THEREFORE, in consideration of the premises and the agreements herein, the Borrower, the Securities Intermediary, the Custodian and the Administrative Agent hereby agree as follows:

Second Amended and Restated Securities Account Control and Custodian Agreement, among White Eagle Asset Portfolio, LP, CLMG Corp. and Wilmington Trust, National Association

Page 2 of 43

ARTICLE I
DEFINITIONS AND INTERPRETIVE PROVISIONS Section 1.1    Definitions; Interpretive Provisions.
(a)       Whenever  used  in  this  Agreement,  unless  the  context  otherwise  requires, capitalized terms shall have the meanings set forth below, or, if not defined in this Agreement, as defined in the Loan Agreement:
“Authorized Representatives” has the meaning set forth in Section 4.2 hereof. “Borrower Account” has the meaning set forth in Section 2.1(a) hereof.

“Claim” has the meaning set forth in Section 5.2(e) hereof.

“Collection Account” has the meaning set forth in Section 2.1(b) hereof.

“Custodial Package Index” has the meaning set forth in Section 4.7(b)(ii) hereof.

“Custodial Package Release Instruction” has the meaning set forth in Section 4.7(e hereof.

“Death Benefit” means with respect to any Policy, the face amount of such Policy.

“Entitlement Order” means an entitlement order as defined in Section 8-102(a)(8) of the UCC).

“Excepted Persons” has the meaning set forth in Section 7.10(a) hereof.

“Escrow Account” has the meaning set forth in Section 2.1(e) hereof.

“Fee and Indemnification Agreement” means that certain Amended and Restated Fee and Indemnification Agreement, dated as of May 16, 2014, among the Borrower, Imperial Holdings Inc. and Wilmington Trust, National Association, setting forth, among other things, the fees of the Securities Intermediary and the Custodian.

“Indemnified Bank Person” has the meaning set forth in Section 5.2(e) hereof.

“Loan Agreement” has the meaning set forth in the Recitals.

“Loss” means any loss, liability, claim, damage, penalty, fine, forfeiture and any reasonable related cost and expense, including reasonable fees and expenses of counsel and reasonable expenses of litigation.

“Payment Account” has the meaning set forth in Section 2.1(c) hereof

Second Amended and Restated Securities Account Control and Custodian Agreement, among White Eagle
Asset Portfolio, LP, CLMG Corp. and Wilmington Trust, National Association

Page 3 of 43

“Pledged Accounts” means collectively the Collection Account, the Payment Account, the Policy Account, the Borrower Account and the Escrow Account.
“Pledged Financial Assets” has the meaning set forth in Section 2.2(a) hereof. “Policy Account” has the meaning set forth in Section 2.1(d) hereof.

“Responsible Officer” means when used with respect to the Securities Intermediary, any officer in the corporate trust office of the Securities Intermediary with direct responsibility for the administration of the Pledged Accounts, or to whom any trust account matter is referred because of his or her knowledge of or familiarity with a particular subject.

“Securities Intermediary Funds” mean any money market fund maintained with the Securities Intermediary or any of its Affiliates that is rated at least “AAm” or “AAmg” by S&P and “Aa2” by Moody’s (provided that there is no r-highlighter affixed to such rating).
“State” means any state of the United States, Puerto Rico or the District of Columbia. “UCC” means the Uniform Commercial Code as from time to time in effect in the State
of New York.

“United States” means the United States of America, its territories and possessions and areas subject to its jurisdiction.

(b)       (i)  a singular number includes the plural number and vice versa, (ii) references to this Agreement include all Exhibits and the Schedule hereto, (iii) references to words such as “herein”, “hereof”, “hereto” and the like shall refer to this Agreement as a whole and not to any particular part, Article or Section herein, (iv) references to an Article or Section such as “Article I” or “Section 1.1” shall refer to the applicable Article or Section of this Agreement, (v) the term “include” and all variations thereof shall mean “include without limitation”, (vi) the term “or” shall include “and/or”, (vii) the term “proceeds” shall have the meaning ascribed to such term in the UCC, (viii) in the computation of a period of time from a specified date to a later specified date, the word “from” shall mean “from and including” and the words “to” and “until” shall mean “to but excluding”, and (ix) any reference to any statute, agreement, document, certificate or communication shall be to such statute, agreement, document, certificate or communication as from time to time amended, restated or re-enacted in compliance with the provisions thereof.
ARTICLE II ACCOUNTS
Section 2.1    Establishment of Accounts.

(a)       Establishment  of  the  Borrower  Account.     The  Securities  Intermediary  has established and maintained and shall continue to maintain, in its capacity as Securities Intermediary, at its office at 300 Park Street, Suite 390, MC 106, Birmingham, Michigan 48009,

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a non-interest bearing trust account, with account number 104671-001, which from and after the date hereof shall be maintained in the name of “WHITE EAGLE ASSET PORTFOLIO, LP FOR THE BENEFIT OF CLMG CORP., AS THE ADMINISTRATIVE AGENT” (such account and any successor account, the “Borrower Account”).  Funds held in the Borrower Account shall not be invested by the Securities Intermediary.

(b)     Establishment of the Collection Account.   The Securities Intermediary has established, maintained and shall continue to maintain, in its capacity as Securities Intermediary, at its office at 300 Park Street, Suite 390, MC 106, Birmingham, Michigan 48009, a non-interest bearing trust account, with account number 104671-002, which shall be maintained in the name of “WHITE EAGLE ASSET PORTFOLIO, LP FOR THE BENEFIT OF CLMG CORP., AS ADMINISTRATIVE AGENT” (such account and any successor account, the “Collection Account”).

(c)       Establishment  of  the  Payment  Account.     The  Securities  Intermediary  has established, maintained and shall continue to maintain, in its capacity as Securities Intermediary, at its office at 300 Park Street, Suite 390, MC 106, Birmingham, Michigan 48009, a non-interest bearing trust account, with account number 104671-004, which shall be maintained in the name of “WHITE EAGLE ASSET PORTFOLIO, LP FOR THE BENEFIT OF CLMG CORP., AS ADMINISTRATIVE AGENT” (such account and any successor account, the “Payment Account”).  Funds held in the Payment Account, if any, shall not be invested by the Securities Intermediary.

(d)       Establishment   of   the   Policy   Account.      The   Securities   Intermediary   has established, maintained and shall continue to maintain, in its capacity as Securities Intermediary, at its office at 300 Park Street, Suite 390, MC 106, Birmingham, Michigan 48009, a non-interest bearing trust account, with account number 104671-005, which shall be maintained in the name of “WHITE EAGLE ASSET PORTFOLIO, LP FOR THE BENEFIT OF CLMG CORP., AS ADMINISTRATIVE AGENT” (such account and any successor account, the “Policy Account”). Funds held in the Policy Account, if any, shall not be invested by the Securities Intermediary.

(e)       Establishment  of  the  Escrow  Account.     The  Securities  Intermediary  has established, maintained and shall continue to maintain, in its capacity as Securities Intermediary, at its office at 300 Park Street, Suite 390, MC 106, Birmingham, Michigan 48009, a non-interest bearing trust account, with account number 104671-003, which shall be maintained in the name of “WHITE EAGLE ASSET PORTFOLIO, LP FOR THE BENEFIT OF CLMG CORP., AS ADMINISTRATIVE  AGENT”  (such  account  and  any  successor  account,  the  “Escrow Account”).

(f)        Investments of the Collection Account and Escrow Account.  Funds at any time held in the Collection Account or the Escrow Account may be invested and reinvested only in Permitted Investments in accordance with written instructions of the Borrower (unless the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, in which case such written instructions must be executed only by the Administrative Agent and delivered to the Securities Intermediary).  If any of such funds in the

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Collection Account or the Escrow Account are to be invested in the Securities Intermediary Funds, such written instructions shall include an executed copy of an investment direction and disclosure document in a form acceptable to the Securities Intermediary (the “Investment Direction”) (unless the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default in which case such written instructions and Investment Direction shall be executed only by the Administrative Agent and delivered to the Securities Intermediary (with a copy sent by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such written instructions and Investment Direction)).  In the absence of any such written instructions from the Borrower to the Securities Intermediary (or if the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, in which case the absence of any such written instructions from the Administrative Agent to the Securities Intermediary) funds held in the Collection Account or the Escrow Account shall be invested in Permitted Investments described in clause (a) of the definition thereof.   The Borrower shall ensure that each investment made pursuant to this Section 2.1(f) on any date with respect to the Collection Account or the Escrow Account shall mature or be available not later than the Business Day preceding the Distribution Date after the day on which such investment is made, except that the Borrower shall ensure that any investment made on the day preceding a Distribution Date shall mature on such Distribution Date.

The Securities Intermediary shall deliver to the Borrower and the Administrative Agent prospectuses and other disclosure documents related to each Securities Intermediary Fund as requested in writing by the Borrower or the Administrative Agent.  All earnings on investments of the funds in the Collection Account or the Escrow Account, respectively, and shall be disbursed by the Securities Intermediary in accordance with the terms of this Agreement.  Each of the Borrower and the Administrative Agent understands and agrees that investments in the Securities Intermediary Funds are not obligations or recommendations of, or endorsed or guaranteed by, the Securities Intermediary or its affiliates and are not insured by the Federal Deposit Insurance Corporation.  Each of the Borrower and the Administrative Agent understands and agrees that the Securities Intermediary and its affiliates provide various services for the Securities  Intermediary  Funds  and  are  paid  fees  for  such  services.    Similarly,  each  of  the Borrower and the Administrative Agent understands and agrees that proceeds of the sale of investments of the funds in the Collection Account and the Escrow Account will be deposited by the Securities Intermediary into the Collection Account and the Escrow Account, as applicable, on the Business Day on which the Securities Intermediary receives appropriate instructions from the Borrower (unless the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, in which case the Securities Intermediary receives appropriate instructions from the Administrative Agent), if received by the Securities Intermediary prior to the deadline for same day sale of such Permitted Investments.  If the Securities  Intermediary  receives  such  instructions  from  the  Borrower  or  the  Administrative Agent after the applicable deadline for the sale of such investments, such proceeds will be deposited by the Securities Intermediary into the Collection Account or the Escrow Account, as applicable, on the next succeeding Business Day.  All amounts earned on the funds deposited in the Collection Account shall constitute Available Amounts.   Each of the Borrower and the

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Administrative Agent acknowledges and agrees that the Securities Intermediary is not providing investment supervision, recommendations, suitability or advice.   It is expressly agreed and understood  by  each  of  the  Borrower  and  the  Administrative  Agent  that  the  Securities Intermediary shall not in any way whatsoever be liable for any losses on any investments, including without limitation, losses from market risks due to premature liquidation or resulting from other actions taken pursuant to and consistent with this Agreement, except to the extent that such losses are solely the result of the Securities Intermediary’s gross negligence or willful misconduct.  The parties agree that, for tax reporting purposes, all interest or other income from investment in the Collection Account and the Escrow Account shall, as of the end of each calendar year and to the extent required by the Internal Revenue Service be reported as having been earned by the Borrower, whether or not income was disbursed during a particular year. Prior to closing, the Borrower shall provide the Securities Intermediary with certified tax identification numbers by furnishing appropriate forms W-9 or W-8 and such other forms and documents that the Securities Intermediary may request.   Each of the Borrower and the Administrative Agent understands that if such tax reporting documentation is not provided and certified to the Securities Intermediary, the Securities Intermediary may be required by the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder, to withhold a portion of any interest or other income earned on the investment of monies or other property held by the Securities Intermediary pursuant to this Agreement.

Section 2.2    Pledged Accounts and Pledged Financial Assets.

(a)      Each of the Pledged Accounts is an account maintained by the Securities Intermediary in the name of the Borrower for the benefit of the Administrative Agent, as expressly set forth herein, in each case as an Eligible Account identified in greater detail in Exhibit B hereto.  The parties hereto acknowledge and agree that each of the Pledged Accounts is a “securities account” within the meaning of Section 8-501(a) of the UCC.  The Securities Intermediary shall, subject to the terms of this Agreement including without limitation  Section 2.1(a), Section 2.1(b), Section 2.1(c), Section 2.1(d), Section 2.1(e), Section 2.1(f), Section 2.2(b) and Section 3.3, treat the Borrower and the Administrative Agent (unless the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, in which case the Securities Intermediary shall treat only the Administrative Agent) as entitled to exercise the rights relating to any cash, financial asset (including Policies) or proceeds thereof credited to a Pledged Account (the “Pledged Financial Assets”), and all securities or similar property underlying any financial assets that constitute Pledged Financial Assets shall be registered in the name of the Securities Intermediary, or endorsed to the Securities Intermediary or in blank, and all Policies that constitute Pledged Financial Assets shall be registered in the name of the Securities Intermediary, and in no case will any Pledged Financial Assets be registered in the name of the Borrower, nor shall any Pledged Financial Assets be payable to the order of the Borrower or endorsed to the Borrower, except to the extent the foregoing subsequently has been endorsed to the Securities Intermediary or in blank.

Section 2.3    Deposits into and Disbursements from Collection Account.

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(a)       The Securities Intermediary shall, within one (1) Business Day after its receipt, deposit into the Collection Account (i) all Death Benefits paid with respect to any Pledged Policy credited to the Policy Account, (ii) all proceeds from the sale or other disposition of any Pledged Policy credited to the Policy Account, (iii) any other assets that the Borrower from time to time contributes or transfers for deposit therein and (iv) any cash or other proceeds received with respect to any Pledged Policy credited to the Policy Account.  Within one (1) Business Day after making such deposit, the Securities Intermediary shall provide written notice of such deposit to the Borrower, the Servicer and the Administrative Agent.  The Net Proceeds (as identified to the Securities Intermediary by the Administrative Agent, which the Securities Intermediary shall have no duty to calculate or determine) of a sale of a Pledged Policy received by the Securities Intermediary shall be distributed in accordance with the joint written instructions of the Administrative Agent and the Borrower (unless the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default in which case such written instructions shall be executed only by the Administrative Agent and delivered to the Securities Intermediary (with a copy sent by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such written instructions)) within one (1) Business Day after the Securities Intermediary’s receipt of such written instructions.

(b)     Unless and until the Securities Intermediary shall have received from the Administrative Agent written notice of an Unmatured Event of Default or Event of Default, on the Distribution Date following the Securities Intermediary’s receipt of a joint written instruction from the Borrower and the Administrative Agent (which instruction the Securities Intermediary shall in no event be required to act upon unless received five (5) or more days prior to such Distribution Date), the Securities Intermediary shall, in accordance with such joint written instruction, distribute all of the Available Amount then on deposit in the Collection Account and, on or after the date the Partial Repayment Date shall have occurred and the Securities Intermediary shall have received from the Administrative Agent written notice of the Partial Repayment Date, amounts on deposit in the Escrow Account and the Available Amount then on deposit in the Collection Account, in each case, in accordance with such joint written instruction, unless an Alternative Information Notice (which the Administrative Agent shall label or title as such) shall have been received by the Securities Intermediary and the Borrower (which receipt by the Borrower the Securities Intermediary shall have no duty to confirm) from the Administrative Agent or the Required Lenders (as confirmed by the Administrative Agent) prior to such Distribution Date, in which case the Securities Intermediary shall distribute all of the Available Amount then on deposit in the Collection Account in accordance with the Alternative Information Notice; provided that the Borrower shall not have objected to such Alternative Information Notice in writing within one (1) Business Day of the Securities Intermediary’s receipt thereof, such objection to be evidenced by a written notice delivered to each of the Administrative Agent and the Securities Intermediary; provided further, that if the Borrower shall have failed to deliver written instruction to the Securities Intermediary six (6) or more days prior to a Distribution Date, the Administrative Agent acting alone may instruct the Securities Intermediary to distribute all of the Available Amount then on deposit in the Collection Account and, if the Administrative Agent determines is applicable, amounts on deposit in the Escrow

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Account.  In the event that the Borrower shall have objected to such Alternative Information Notice in accordance with this Section 2.3(b), then the Borrower and the Administrative Agent shall negotiate in good faith to resolve such objection within five (5) days, and the amount subject to such objection shall be retained in the Collection Account and distributed by the Securities  Intermediary  as  follows:  (i)  if  such  objection  is  resolved,  on  the  Business  Day following the date on which such objection is resolved (which the Securities Intermediary shall have no duty to determine), in which case such amounts shall be distributed in accordance with written instructions executed by both the Borrower and the Administrative Agent or (ii) if such objection is not resolved (which the Securities Intermediary shall have no duty to determine), on the first Business Day following the day that is five (5) days following the date on which the Borrower objects to the Alternative Information Notice, in which case such amounts shall be distributed in accordance with the relevant Alternative Information Notice.  Notwithstanding the foregoing sentence, the Securities Intermediary shall distribute any amounts it is instructed to distribute within one (1) Business Day of its receipt of the joint written instructions described in clause (i) or the relevant Alternative Information Notice described in clause (ii) of the immediately preceding sentence; provided, however, that the Securities Intermediary shall in no event be required to make any payment of premiums to any Issuing Insurance Company in accordance with such written instructions or Alternative Information Notice less than three (3) Business Days after the Securities Intermediary’s receipt of such written instructions or Alternative Information Notice.

(c)       If the Securities Intermediary shall have received from the Administrative Agent written notice of an Unmatured Event of Default or Event of Default but shall not have received a Cure Notice from the Administrative Agent with respect to such Unmatured Event of Default or Event of Default, the Securities Intermediary shall distribute all of the Available Amount then on deposit in the Collection Account and, on or after the date the Partial Repayment Date shall have occurred and the Securities Intermediary shall have received from the Administrative Agent written notice of the Partial Repayment Date, amounts on deposit in the Escrow Account and the Available Amount then on deposit in the Collection Account, in each case, in accordance with the written instructions executed solely by the Administrative Agent (with a copy sent by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such written instructions).  Notwithstanding any other provision hereof or any other agreement to the contrary, the Securities Intermediary shall not be deemed to have knowledge of any Unmatured Event of Default, Event of Default or Partial Repayment Date unless it has received a written notice from the Administrative Agent specifying that an Unmatured Event of Default, Event of Default or Partial Repayment Date, as the case may be, has occurred, and shall have no duty with respect to any such Unmatured Event of Default, Event of Default or Partial Repayment Date, except as expressly set forth in this Agreement.  In making distributions required under this Section 2.3, the Securities Intermediary shall be entitled to rely absolutely and exclusively upon the information in the latest written instructions of the Administrative Agent (including any Alternative Information Notice), acting alone, or in the latest joint written instructions of the Administrative Agent and the Borrower, as applicable, received by it pursuant to this Section 2.3 prior to the applicable date on which funds are to be distributed hereunder.

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Section 2.4     Payment Account.   The Securities Intermediary shall distribute amounts on deposit in the Payment Account in accordance with the written instructions of the Borrower (a copy of which the Borrower shall concurrently send to the Administrative Agent; provided that the  delivery  of  such  copy  shall  not  be  a  condition  to  the  effectiveness  of  such  written instructions) or from the Servicer in relation to the payment of Premiums (a copy of which the Borrower shall cause the Servicer to concurrently send to the Administrative Agent; provided that the delivery of such copy shall not be a condition to the effectiveness of such written instructions), which amount shall be used for the purposes set forth in Section 2.8 of the Loan Agreement and in the related Borrowing Request (which the Securities Intermediary shall have no duty to determine).

Section 2.5    Policy Account.   On each of the Initial Closing Date and December 29,
2016, the Borrower delivered or caused to be delivered one or more Policies to the Securities Intermediary, and the Borrower, in accordance with Section 3.3(a), instructed the Securities Intermediary to credit such Policy or Policies to the Policy Account, which instructions were substantially in the form of the entitlement order attached as Exhibit C hereto and also signed by the Administrative Agent.  On any other date agreed to by the Administrative Agent pursuant to an Additional Policy Advance Acceptance, the Borrower shall deliver or cause to be delivered one or more Policies to the Securities Intermediary, and the Borrower shall, in accordance with Section 3.3(a), instruct the Securities Intermediary to credit such Policy or Policies to the Policy Account, which instructions shall be substantially in the form of the entitlement order attached as Exhibit C hereto and also signed by the Administrative Agent.  The Securities Intermediary shall receive and accept for credit to the Policy Account such Policies and any other assets that the Borrower from time to time contributes or transfers for deposit therein in accordance with an entitlement order.  The Securities Intermediary may not debit or release Policies from the Policy Account except in connection with Section 3.3(b) or 4.6 hereof.  Within two (2) Business Days of the date on which one or more Policies are credited to the Policy Account pursuant to the terms hereof, the Securities Intermediary shall deliver a written confirmation thereof to the Borrower and the Administrative Agent.  On each Advance Date (other than the Advance Date for the Initial Advance), the Securities Intermediary shall deliver a written notice to the Borrower and the Administrative Agent, substantially in the form attached hereto as Exhibit L-1, which notice shall identify each Policy (i) which has been credited to the Policy Account, (ii) for which the Securities Intermediary has received an Acknowledgement, (iii) for which the Securities Intermediary, in accordance with Section 4.3(a)(xi) at the prior written direction of the Administrative Agent, has previously delivered a fully executed copy of the related collateral assignment, naming the Administrative Agent as collateral assignee, to the related Issuing Insurance Company, (iv) for which the Securities Intermediary has received written confirmation from the Insurance Consultant that the Insurance Consultant has confirmed that the related Issuing Insurance Company has orally acknowledged to the Insurance Consultant that it has accepted third-party authorization forms that name the Insurance Consultant as an authorized party to request information from such Insurance Company and (v) for which the Securities Intermediary has received a purportedly completed Change Form and which has been executed by the Securities Intermediary in blank; provided, that, the Securities Intermediary shall only be obligated to deliver such written notice if the Administrative Agent has given the Securities

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Intermediary written notice at least five (5) Business Days prior to such Advance Date of the specific date on which such Advance Date shall occur.  On the Advance Date for the Initial Advance, the Securities Intermediary delivered a written notice to the Borrower and the Administrative Agent, substantially in the form attached hereto as Exhibit L-2, which notice identified each Policy (i) which had been credited to the Policy Account, (ii) for which the Securities Intermediary had received an Acknowledgement, (iii) for which the Securities Intermediary, in accordance with Section 4.3(a)(xi) at the prior written direction of the Administrative Agent, had previously delivered a fully executed copy of the related collateral assignment, naming the Administrative Agent as collateral assignee, to the related Issuing Insurance Company and (iv) for which the Securities Intermediary had received written confirmation from the Insurance Consultant that the Insurance Consultant has confirmed that the related Issuing Insurance Company had orally acknowledged to the Insurance Consultant that it had accepted third-party authorization forms that name the Insurance Consultant as an authorized party to request information from such Insurance Company.  With respect to each Advance Date (other than the Advance Date for the Initial Advance), the Borrower shall complete and deliver or cause the Servicer to complete and deliver, in each case, at least five (5) Business Days prior to such Advance Date, complete but unsigned Change Forms, to be executed by the Securities Intermediary in blank for each Policy to be credited to the Policy Account on such Advance Date.  The Securities Intermediary shall execute any such Change Forms in accordance with the Borrower’s or Servicer’s written instructions where the Borrower or the Servicer has indicated a signature block for the Securities Intermediary and deliver copies of such Change Forms to the Administrative Agent.  On each Advance Date (other than the Advance Date for the Initial Advance), the Securities Intermediary shall hold such Change Forms delivered to it by the Borrower or the Servicer and executed by it in blank with respect to each Policy to be credited to the Policy Account on such Advance Date for the benefit of the Administrative Agent.  Within two (2) Business Days of the Initial Closing Date, the Borrower completed and delivered or caused the Initial Servicer to complete and deliver, complete but unsigned Change Forms, to be executed by the Securities Intermediary in blank for each Policy which was credited to the Policy Account on the Initial Closing Date.  The Securities Intermediary executed such Change Forms in accordance with the Borrower’s or Initial Servicer’s written instructions where the Borrower or the Initial Servicer indicated a signature block for the Securities Intermediary and delivered copies of such Change Forms to the Administrative Agent.  On and after the date of its receipt of such Change Forms, the Securities Intermediary held and shall continue to hold such Change Forms delivered to it by the Borrower or the Initial Servicer and executed by it in blank for the benefit of the Administrative Agent.  Within five (5) Business Days of its receipt of such Change Forms, the Securities Intermediary delivered a written notice to the Borrower and the Administrative Agent, substantially in the form attached hereto as Exhibit L-3, which notice identified  each  Policy  for  which  the  Securities  Intermediary  had  received  a  purportedly completed Change Form and which had been executed by the Securities Intermediary in blank. If any form of any Change Form previously delivered to the Securities Intermediary is subsequently changed by any Issuing Insurance Company, at the Administrative Agent’s request, the Borrower shall deliver or cause the Servicer to complete and deliver within five (5) Business Days of such request, complete but unsigned updated Change Forms for the related Pledged Policies.  The Securities Intermediary shall execute such Change Forms in accordance with the

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Borrower’s  or  the  Servicer’s  written  instructions  where  the  Borrower  or  the  Servicer  has indicated a signature block for the Securities Intermediary and deliver copies of such Change Forms to the Administrative Agent.  On and after the date of its receipt of such Change Forms, the Securities Intermediary shall hold such Change Forms to be executed by it in blank for the benefit of the Administrative Agent.  If the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default but shall not have received a Cure Notice from the Administrative Agent with respect to such Event of Default, then the Securities Intermediary shall deliver all Change Forms previously delivered to it to the Administrative Agent for completion and then the Administrative Agent may complete such Change Forms and deliver such completed Change Forms either to the applicable Issuing Insurance Companies or to the Securities Intermediary.  If the Administrative Agent delivers such completed Change Forms to  the  Securities  Intermediary,  upon  receipt  of  such  completed  (which  the  Securities Intermediary shall have no duty to determine) Change Forms from the Administrative Agent, the Securities Intermediary shall deliver such completed Change Forms to the applicable Issuing Insurance Companies as instructed in writing by the Administrative Agent.  The Securities Intermediary shall deliver copies of all such completed Change Forms to the Borrower.

Section 2.6     Deposits into and Disbursements from Escrow Account.  Within two (2) Business Days of its receipt thereof, the Securities Intermediary shall comply with any written instruction delivered by the Administrative Agent to the Securities Intermediary, with a copy to the  Borrower,  instructing  the  Securities  Intermediary  to  withdraw  funds  from  the  Escrow Account and deposit such funds into the Borrower Account, the Collection Account or the Administrative Agent’s Account; provided that the Securities Intermediary shall not be obligated pursuant to any such written instruction to withdraw an amount greater than is on deposit in the Escrow Account.

Section 2.7     Consent  of  the  Administrative  Agent.     The  Administrative  Agent authorizes the Securities Intermediary to take such actions with respect to the Pledged Accounts as are specified herein until such time as the Administrative Agent shall notify the Securities Intermediary in writing that all the Obligations (including, without limitation, the Aggregate Participation Interest) have been paid in full in cash, satisfied in full and discharged or otherwise to the contrary.  Whenever the Securities Intermediary is required or permitted hereunder to take direction from the Borrower, with the consent of the Administrative Agent, in this Agreement, such consent shall mean the prior written consent of the Administrative Agent provided directly by the Administrative Agent to the Securities Intermediary.  The Administrative Agent shall provide a copy of any such written consent to the Borrower.

Section 2.8     Pledged Accounts.  Each Pledged Account shall be a non-interest bearing segregated trust account established with and maintained by the Securities Intermediary.  If the Securities Intermediary is at any time not an Eligible Institution or the Securities Intermediary acquires actual knowledge that any Pledged Account is at any time not an Eligible Account, the Securities   Intermediary   shall   promptly   give   notice   thereof   to   the   Borrower   and   the Administrative Agent.  If the Securities Intermediary ceases to be an Eligible Institution, or any Pledged  Account  ceases  to  be  an  Eligible  Account,  to  the  extent  so  directed  by  the Administrative  Agent,  at  the  sole  expense  of  the  Borrower,  such  Pledged  Account  then

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maintained  with  the  Securities  Intermediary  shall  be  moved  to  a  successor  Securities Intermediary which is able to maintain such account as an Eligible Account, which shall be an Eligible Institution selected by the Administrative Agent, and so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, with the prior written approval of the Borrower.

Section 2.9     Borrower Account.   Unless and until the Securities Intermediary shall have received from the Administrative Agent written notice of an Unmatured Event of Default or Event of Default, the Securities Intermediary shall distribute amounts on deposit in the Borrower Account in accordance with the written instructions of the Borrower (a copy of which the Borrower shall concurrently send to the Administrative Agent; provided that the delivery of such copy shall not be a condition to the effectiveness of such written instructions) within three (3) Business  Days  after  receipt  of  such  instructions.    If the Securities Intermediary shall  have received from the Administrative Agent written notice of an Unmatured Event of Default or Event of Default, the Securities Intermediary shall distribute amounts on deposit in the Borrower Account in accordance with the written instructions of the Administrative Agent within three (3) Business Days after receipt of such instructions.

ARTICLE III
GRANT OF SECURITY INTEREST IN PLEDGED ACCOUNTS Section 3.1    Security for Obligations.
(a)       The Borrower hereby pledges and grants to the Administrative Agent, for the benefit  of  the  Secured  Parties,  a  first  priority  lien  on  and  security  interest  in,  all  of  the Borrower’s right, title and interest in, the Pledged Accounts, and all related Pledged Financial Assets, cash or other financial assets on deposit therein or credited thereto to secure the related Obligations (including, without limitation, the Aggregate Participation Interest).  The Borrower hereby notifies the Securities Intermediary of the pledge created over the Pledged Accounts, all related Pledged Financial Assets and, by signing this Agreement, the Securities Intermediary acknowledges receipt of such notification.

The security interest created hereby in the Pledged Accounts and the security entitlements therein constitutes continuing collateral security for all the Obligations (including, without limitation, the Aggregate Participation Interest), whether now existing or hereafter incurred.

Section 3.2     Financial Assets Election.  The Securities Intermediary hereby agrees that any Policies, cash, all funds, investments and proceeds thereof held in and credited to a Pledged Account shall be treated for all purposes as a “financial asset” within the meaning of Section 8-
102(a)(9) of the UCC.

Section 3.3     Entitlement Orders.  Prior to the date on which the Administrative Agent provides written notice to the Securities Intermediary that all the Obligations (including, without limitation, the Aggregate Participation Interest) have been paid in full in cash, satisfied in full

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and discharged (such date, the “Termination Date”), (a) if the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default and the Securities Intermediary shall receive an “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) with respect to a Pledged Account issued by the Administrative Agent and the Borrower, the Securities Intermediary shall comply with such entitlement order, or (b) if the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, and the Securities Intermediary shall receive an “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) with respect to a Pledged Account issued by the Administrative Agent (and the Administrative Agent shall send a copy of such “entitlement order” to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such “entitlement order”), the Securities Intermediary shall comply with such entitlement order without further consent of the Borrower.  On and after the date on which the Securities Intermediary has received from the Administrative Agent written notice that the Termination  Date  has occurred,  if the  Securities  Intermediary  shall receive  an  “entitlement order” (within the meaning of Section 8-102(a)(8) of the UCC) with respect to a Pledged Account issued by the Borrower, the Securities Intermediary shall comply with such entitlement order without further consent of the Administrative Agent.  Without limiting the generality of the foregoing, the Securities Intermediary agrees to the following:

(a)       The  Securities  Intermediary  shall  accept  and  credit  to  the  Policy  Account, Policies, set forth on Schedule I of an entitlement order substantially in the form attached hereto as  Exhibit C, within one (1) Business Day of its receipt of (x) such entitlement order and (y) if any of such Policies are not already credited to a securities account maintained by the Securities Intermediary, a facsimile or other written acknowledgement from the related Issuing Insurance Company confirming that title to the applicable Policy is recorded as being held by “Wilmington Trust, National Association, as Securities Intermediary” or “Wilmington Trust, National Association” or a similar designation (each, an “Acknowledgement”), which Acknowledgement may be delivered to the Securities Intermediary by the applicable Issuing Insurance Company or any other party.  The Securities Intermediary shall have no duty to take any action to obtain an Acknowledgement from any Issuing Insurance Company; provided that the Securities Intermediary shall cooperate, in accordance with the written direction of the Borrower, with the prior written consent of the Administrative Agent, or if the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, at the written direction of the Administrative Agent acting alone (with a copy sent by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such written direction), in executing any completed change of ownership/beneficiary forms from Issuing Insurance Companies that require signature by the new owner of a Policy.  Within two (2) Business Days of its receipt of an Acknowledgment, the Securities  Intermediary  shall  deliver  a  copy  thereof  to  the  Administrative  Agent  and  the Borrower.

(b)       Prior to the Termination Date, the Securities Intermediary may not release any Policy from the Policy Account unless it receives an entitlement order executed by the Administrative Agent and the Borrower (unless the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, in which case the Securities

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Intermediary  may  not  release  any  Policy  from  the  Policy  Account  unless  it  receives  an entitlement order executed by the Administrative Agent acting alone), substantially in the form attached hereto as  Exhibit D-1 or  D-2, as applicable, in which case, the Securities Intermediary shall release the Policies that are the subject of such entitlement order and debit the Policy Account, in accordance with such entitlement order, to or as directed by the Administrative Agent and the Borrower, acting jointly, or the Administrative Agent, acting alone, as applicable, in such entitlement order, in each case, within two (2) Business Days of its receipt of such entitlement order.   On and after the Termination Date, the Securities Intermediary may not release any Policy from the Policy Account unless it receives an entitlement order executed by the Borrower, substantially in the form attached hereto as Exhibit D-3, in which case, the Securities Intermediary shall release the Policies that are the subject of such entitlement order and debit the Policy Account, in accordance with such entitlement order, to or as directed by the Borrower  in  such  entitlement  order  within  two  (2)  Business  Days  of  its  receipt  of  such entitlement order.

Section 3.4     Subordination of Lien; Waiver of Set-Off.  In the event that the Securities Intermediary, in such capacity, has or subsequently obtains by agreement of the parties hereto, operation of law or otherwise a security interest in a Pledged Account, any security entitlement in a Pledged Account or any Pledged Financial Assets, the Securities Intermediary hereby agrees that such security interest shall be subordinate to the security interests of the Administrative Agent on behalf of the Secured Parties.  The financial assets and other items credited to or deposited in the Pledged Accounts will not be subject to deduction, set-off, banker’s lien or any other right in favor of the Securities Intermediary or (to the fullest extent permitted by law) any Person other than the Administrative Agent with respect to the Pledged Accounts.

Section 3.5     Choice of Law.  The laws governing this Agreement shall be as set forth in Section 7.7 hereof.  The Pledged Accounts (as well as the security entitlements related thereto) shall be governed by and construed in accordance with the laws of the State of New York, without giving effect to any conflicts of law principles that would apply the laws of another jurisdiction.  Regardless of any provision in any other agreement, for purposes of the UCC, New York shall be deemed to be the location of the Securities Intermediary and the Pledged Accounts, and New York shall be deemed to be the jurisdiction of the Securities Intermediary as a “securities intermediary” for the purposes of and within the meaning of the UCC.

Section 3.6     Conflict with Other Agreements; Amendments.   As of the date hereof, there are no other agreements entered into between the Securities Intermediary, in its capacity as Securities Intermediary, and the Borrower with respect to the Pledged Accounts or any security entitlements or other financial assets credited thereto (other than the standard and customary documentation with respect to the establishment and maintenance of the Pledged Accounts). Neither the Securities Intermediary nor the Borrower shall enter into any other agreement with respect  to  the  Pledged  Accounts,  including  but  not  limited  to  agreements  for  creation  or perfection of any security interest in, or control of security entitlements maintained in, the Pledged Accounts, without the prior written consent of the Administrative Agent acting in its sole discretion.  In the event of any conflict with respect to “control” over a Pledged Account between this Agreement (or any portion hereof) and any other existing or future agreement to

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which any of the parties hereto is a party, such party agrees that the terms of this Agreement shall  prevail.    No  amendment  or  modification  of  this  Agreement  or  waiver  of  any  rights hereunder shall be binding on any party hereto unless it is in writing and signed by all the parties hereto.

Section 3.7     Adverse Claims.  Except for the claims and interest of the Administrative Agent and the Borrower in any Pledged Financial Assets, the Securities Intermediary on the date hereof has no actual knowledge of any claim to, or security interest in, the Pledged Accounts or in any “financial asset” (as defined in Section 8-102(a)(9) of the UCC) credited thereto and does not have actual knowledge of any claim that any person other than the Administrative Agent has been given “control” of a Pledged Account or any such financial asset.   If, to the actual knowledge of the Securities Intermediary, any Person asserts any lien, encumbrance or adverse claim (including any writ, garnishment, judgment, warrant of attachment, execution or similar process or any claim of “control”) against any financial asset carried in a Pledged Account, the Securities Intermediary shall notify the Borrower and the Administrative Agent thereof within two (2) Business Days of obtaining such actual knowledge.

For so long as any Pledged Financial Assets are credited to the Pledged Accounts, the Securities Intermediary shall maintain possession or control of all such Pledged Financial Assets and other property credited to the Pledged Accounts in its proprietary collateral tracking and safe keeping system.  The Securities Intermediary shall segregate such Pledged Financial Assets from its proprietary assets and keep the Pledged Accounts free of any lien, charge or claim of any third party granted or created by the Securities Intermediary.

Section 3.8     Maintenance of Pledged Accounts.  In addition to, and not in lieu of, the obligation of the Securities Intermediary to honor entitlement orders as agreed in Section 3.3 hereof, the Securities Intermediary agrees to maintain the Pledged Accounts as follows:

(a)       Except as expressly otherwise provided in this Agreement, on and after the Initial Closing Date and prior to the Termination Date, the Securities Intermediary agrees to take instructions with regards to all of the Pledged Accounts as follows: (a) if the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, at the direction of the Borrower and the Administrative Agent acting jointly, or (b) if the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, at the direction of the Administrative Agent acting alone (with a copy sent by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such direction).  Without limiting the generality of the first sentence of this paragraph, prior to the Termination Date, the Securities Intermediary shall not permit any transfers, sales, exchanges or other transactions with respect to any Policy credited to the Policy Account or any other Pledged Financial Assets to be initiated by the Borrower acting alone or any representative of, or investment manager appointed by the Borrower acting alone or any of their respective Affiliates acting alone and the Securities Intermediary shall only follow all instructions given by any of the Authorized Representatives of the Administrative Agent and the Borrower acting jointly (unless the Securities Intermediary shall have received from the Administrative  Agent  written  notice  of  an  Event  of  Default,  in  which  case  the  Securities

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Intermediary may permit any transfers, sales, exchanges or other transactions with respect to any Policy credited to the Policy Account or any other Pledged Financial Assets to be initiated by the Administrative Agent acting alone), including without limitation instructions for distribution or transfer of any Pledged Financial Assets in a Pledged Account to be made to the Administrative Agent.

(b)       Prior to the Termination Date and so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, only the Administrative Agent and the Borrower acting jointly shall have the right to (i) direct the Securities Intermediary with respect to the voting of any Pledged Financial Assets with voting rights credited to any Pledged Account or (ii) direct the Securities Intermediary with respect to the  sale,  purchase,  investment,  exchange  or  transfer  of  Pledged  Financial  Assets  held  in  a Pledged Account.  Prior to the Termination Date, upon the receipt by the Securities Intermediary of written notice of an Event of Default from the Administrative Agent, only the Administrative Agent acting alone shall have the right to (i) direct the Securities Intermediary with respect to the voting of any Pledged Financial Assets with voting rights credited to any Pledged Account or (ii) direct the Securities Intermediary with respect to the sale, purchase, investment, exchange or transfer of Pledged Financial Assets held in a Pledged Account.

(c)       The Securities Intermediary acknowledges that, prior to the Termination Date, in the event that it should come into possession of any certificate representing any securities or other assets held as Pledged Financial Assets in a Pledged Account, the Securities Intermediary shall register such certificate in the name of the Securities Intermediary or cause such certificate to be indorsed to the Securities Intermediary or indorsed in blank and shall retain possession of the same for the benefit of the Administrative Agent (and such act shall cause the Securities Intermediary to be deemed the collateral agent of and bailee for the Administrative Agent, if necessary) to perfect the Administrative Agent’s security interest in such securities or assets. Notwithstanding the foregoing, the standard of care to which the Securities Intermediary shall be held shall be as set forth in Section 5.2 hereof.

(d)      No later than two (2) Business Days after its receipt thereof, the Securities Intermediary agrees to inform the Borrower, the Servicer, the Portfolio Manager and the Administrative Agent, in writing regarding any notifications or other correspondence the Securities  Intermediary  receives  with  respect  to  any  Policy  from  any  Issuing  Insurance Company, Insured or other Person and, if such notification or correspondence is in writing, to deliver a copy of such notification or correspondence to the Borrower, the Servicer, the Portfolio Manager and the Administrative Agent.

(e)      With respect to the Policies credited to the Policy Account, the Securities Intermediary shall provide online access to reports to the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer, of the inventory of Policies credited to the Policy Account, in accordance with Section 4.1.

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ARTICLE IV

MAINTENANCE OF PLEDGED ACCOUNTS AND  POLICIES

Section 4.1     Notice of Pledged Account Activity.   The Securities Intermediary shall make available to the Administrative Agent and the Borrower an electronic record of the cash balances held in the Pledged Accounts via on-line access.  The Securities Intermediary hereby agrees to communicate electronically with the Borrower and the Administrative Agent.  The Securities Intermediary warrants to the Administrative Agent and the Borrower that such electronic record will reflect accurately the cash and/or other assets held in the Pledged Accounts as of the end of the Business Day prior to the date accessed.

Section 4.2     Authorized Representatives.  Attached as  Exhibit F hereto is a list of the authorized representatives of the Administrative Agent, the Servicer, the Portfolio Manager and the Borrower as of the date hereof (the “Authorized Representatives”) authorized to give approvals or instructions under this Agreement, and the Securities Intermediary shall be entitled to rely on written communications (including in the form of electronic mail) from an Authorized Representative with respect to the rights and obligations of any such Person under this Agreement, until the earlier of the termination of this Agreement in accordance with the terms hereof   or   notification   by   an   Authorized   Representative   of   a   change   of   Authorized Representatives.

Section 4.3    Duties with Respect to Pledged Financial Assets.

(a)       In connection with holding Policies in the Policy Account and being the registered owner of such Policies as recorded by the Issuing Insurance Companies, the duties of the Securities Intermediary hereunder shall include, among the other things otherwise expressly set forth herein, the following:

(i)        maintaining records of all payments made, and distributions received, in connection with the Pledged Policies;

(ii)      responding to inquiries of the Administrative Agent, the Servicer, the Portfolio Manager and the Borrower as soon as practicable (and in any event within two (2) Business Days) regarding the Pledged Policies by providing any information within the actual knowledge of a Responsible Officer that is responsive to such inquiries;

(iii)    upon receipt of a written claim form prepared by the Servicer, the Administrative  Agent,  the  Portfolio  Manager  or  the  Borrower  in  respect  of  Death Benefits owed following the death of an Insured, filing the related claim form with the applicable Issuing Insurance Company within three (3) Business Days after confirmation from the Administrative Agent or the Servicer of the death of such Insured, instructing the Issuing Insurance Company to remit the Death Benefit to the Securities Intermediary or directly to the Collection Account and taking such other actions as instructed by the

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Administrative Agent, the Borrower, the Portfolio Manager or the Servicer to collect the
Death Benefits payable under any Pledged Policy;

(iv)      if the Securities Intermediary receives a payment of Death Benefits from an Issuing Insurance Company, depositing such amount in the Collection Account within one (1) Business Day after receipt;

(v)      subject to Section 4.5(a), providing to the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer by e-mail or in any other acceptable electronic format any correspondence, reports or illustrations received from any Issuing Insurance Company or Insured within three (3) Business Days after Security Intermediary’s receipt thereof;

(vi)     delivering or causing to be delivered to the Servicer, the Borrower, the Portfolio Manager and the Administrative Agent, within two (2) Business Days after the Security Intermediary’s receipt thereof, a copy of each material written notice or other letter or document given by any Person relating to a Pledged Policy other than the Borrower in connection with a Pledged Policy or the Services provided by the Servicer under the Servicing Agreement;

(vii)    delivering or causing to be delivered to the Servicer, the Borrower, the Portfolio Manager and the Administrative Agent, promptly upon (and in any event within three (3) Business Days after) Securities Intermediary’s receipt thereof, a copy of any written notice of any threatened or pending action by or before any Governmental Authority or purported arbitrator or any other Person (other than such notices received by the Securities Intermediary from the Servicer);

(viii)   providing written notice to the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer of any assignment of Pledged Policies or other disposition of any Pledged Financial Assets within two (2) Business Days after such disposition;

(ix)      cooperating  with  any  efforts  of  the  Servicer  to  obtain  in  force,  life insurance policy illustrations with respect to Pledged Policies; provided, however, that the Securities Intermediary shall only be obligated to so reasonably cooperate if the Servicer first provides to the Securities Intermediary confirmation by telephone or electronic mail that it has made commercially reasonable efforts to obtain such illustrations from the Issuing Insurance Company using a document executed by the Securities Intermediary that provide the Servicer with third party authorization to request information;

(x)        using commercially reasonable efforts to cooperate with any efforts to request from Issuing Insurance Companies updated account values, cash surrender values and verifications of coverage for any Pledged Policy as and when directed in writing by the Administrative Agent, the Borrower or the Servicer in substantially the form specified

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in such written request, and upon receipt of such information, forwarding copies to the Administrative Agent, the Portfolio Manager and the Servicer within two (2) Business Days of the receipt thereof; provided, however, that the Securities Intermediary shall only be   obligated   to   so   reasonably   cooperate   if   the   Servicer,   the   Borrower   or   the Administrative Agent first provides to the Securities Intermediary confirmation by telephone or electronic mail that the Servicer has made commercially reasonable efforts to obtain such information from the Issuing Insurance Company using a document executed by the Securities Intermediary that provide the Servicer with third party authorization to request information.

(xi)     With respect to the Policies set forth on the Initial Advance Lexington Schedule attached to the Loan Agreement, the Securities Intermediary, in accordance with the written instructions of the Borrower, executed where indicated by the Borrower, and, upon the prior written direction of the Administrative Agent, filed with the Issuing Insurance Companies indicated by the Borrower, collateral assignments, naming the Administrative Agent as collateral assignee, delivered to it by the Borrower that have been completed by the Borrower for each Policy credited to the Policy Account, together with third-party authorization forms permitting the Initial Servicer and the Insurance Consultant to communicate directly with such Issuing Insurance Companies in regards to all matters relating to such Pledged Policies, each as completed and delivered by, and with respect to which instructions have been received from, the Borrower.  The Securities Intermediary provided copies of such executed third-party authorizations to the Administrative Agent and the Borrower.  With respect to each such Policy, following receipt of any Issuing Insurance Company’s written confirmation to the Securities Intermediary, if any, that such Issuing Insurance Company had recorded on its books and records the related collateral assignment, naming the Administrative Agent as collateral assignee, and/or the related third-party authorization forms permitting the Initial Servicer and the Insurance Consultant to communicate directly with the related Issuing Insurance Company in regards to all matters relating to such Policy, the Securities Intermediary provided copies by e-mail of such confirmation to the Administrative Agent and Borrower.     With  respect  to  the  Policies  pledged  to  the  Administrative  Agent  in connection with the funding of the Initial Advance, within three (3) Business Days of receipt from the Borrower or the Administrative Agent, the Securities Intermediary shall, in accordance with the written instructions of the Borrower, execute where indicated by the Borrower, and, upon the prior written direction of the Administrative Agent, file with the Issuing Insurance Companies indicated by the Borrower, third-party authorization forms permitting the Servicer to communicate directly with such Issuing Insurance Companies in regards to all matters relating to such Pledged Policies, each as completed and delivered by, and with respect to which instructions have been received from, the Borrower.  The Securities Intermediary shall provide copies of such executed third-party authorizations to the Administrative Agent, the Servicer, the Portfolio Manager and the Borrower.  With respect to each such Policy, within three (3) Business Days of the Securities   Intermediary’s   receipt   of   any   Issuing   Insurance   Company’s   written confirmation to the Securities Intermediary, if any, that such Issuing Insurance Company

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has recorded on its books and records the related third-party authorization forms permitting the Servicer to communicate directly with the related Issuing Insurance Company in regards to all matters relating to such Policy, the Securities Intermediary shall provide copies by e-mail of such confirmation to the Administrative Agent, the Servicer, the Portfolio Manager and Borrower. With respect to Policies to be pledged to the Administrative Agent in connection with an Additional Policy Advance, within three (3) Business Days of receipt from the Borrower or the Administrative Agent, the Securities Intermediary shall, in accordance with the written instructions of the Borrower, execute where indicated by the Borrower, and, upon the prior written direction of the Administrative Agent, file with the Issuing Insurance Companies indicated by the Borrower,  collateral  assignments,  naming  the  Administrative  Agent  as  collateral assignee, delivered to it by the Borrower that have been completed by the Borrower for each Policy to be credited to the Policy Account, together with third-party authorization forms permitting the Servicer and the Insurance Consultant to communicate directly with such Issuing Insurance Companies in regards to all matters relating to such Pledged Policies, each as completed and delivered by, and with respect to which instructions have been received from, the Borrower.  The Securities Intermediary shall provide copies of such executed third-party authorizations to the Administrative Agent, the Servicer, the Portfolio Manager and the Borrower.  With respect to each such Policy, within three (3) Business Days of the Securities Intermediary’s receipt of any Issuing Insurance Company’s written confirmation to the Securities Intermediary, if any, that such Issuing Insurance Company has recorded on its books and records the related collateral assignment, naming the Administrative Agent as collateral assignee, and/or the related third-party authorization forms permitting the Servicer and the Insurance Consultant to communicate  directly  with  the  related  Issuing  Insurance  Company  in  regards  to  all matters relating to such Policy, the Securities Intermediary shall provide copies by e-mail of such confirmation to the Administrative Agent, the Servicer, the Portfolio Manager and Borrower.

(xii)      using commercially reasonable efforts, at the expense of the Borrower, with respect to a Pledged Policy, to take such commercially reasonable action as may be reasonably requested in writing by the Borrower, the Servicer, the Portfolio Manager or the   Administrative   Agent,   including,   but   not   limited   to,   sending   notices   and communicating  with  Issuing  Insurance  Companies  to  resolve  contestability  issues, assisting with filing “notice of servicer” forms with the applicable Issuing Insurance Company designating Servicer with respect to each Pledged Policy, and assisting with obtaining premium and annual statement information and being reasonably available in order to make or participate in Issuing Insurance Company calls with Servicer, which calls may include, among other things, confirming that payments or wire transfers made with respect  to  the  Pledged  Policies  were  received  by  the  applicable  Issuing  Insurance Company or inquiring whether any Pledged Policy is in good standing or in grace status; provided,  however,  that  the  Securities  Intermediary  shall  only  be  obligated  to  be reasonably  available  for  such  Issuing  Insurance  Company  calls  if  the  Servicer  first provides to the Securities Intermediary confirmation by telephone or electronic mail that it

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has made commercially reasonable efforts to obtain any required information from the Issuing Insurance Company (i) using a document executed by the Securities Intermediary that provides the Servicer with third party authorization to request information or, if applicable (ii) by requesting the reasonable cooperation of the Borrower, which the Borrower hereby agrees to provide.

(b)       The Securities Intermediary may retain subcontractors or agents by agreement, power of attorney or otherwise to assist the Securities Intermediary in performing its duties under this Agreement; provided, however, that any delegation of duties to any subcontractor or agent shall  not  relieve  the  Securities  Intermediary  of  any  of  its  obligations  hereunder;  provided, further, that any subcontractor or agent shall agree in writing to be bound by the confidentiality provisions of this Agreement; provided, further, the Securities Intermediary shall provide prompt written notice to the Administrative Agent, the Servicer, the Portfolio Manager and the Borrower of any such delegation which written notice shall include the identity of any such subcontractor or agent.

(c)       With  respect  to  any  Policy  in  respect  of  which  the  Borrower  and  the Administrative Agent have executed and delivered to the Securities Intermediary an entitlement order in the form of Exhibit C (for the crediting of such Policy to the Policy Account), the Securities Intermediary shall (i) no later than two (2) Business Days after it has received from the Borrower or another Person identified in a writing delivered by the Borrower to the Securities Intermediary, including a purported prior owner of such Policy, the applicable completed change of ownership and beneficiary forms naming the Securities Intermediary as the owner or beneficiary of the related Policy, sign such forms where indicated by the presence of a signature block for the Securities Intermediary (it being understood that the Securities Intermediary is not responsible for performing any act in respect thereof other than signing such forms) and deliver such forms to the applicable Issuing Insurance Company or to such other party as the Borrower may instruct in writing and (ii) track whether or not it has received the Acknowledgement related to such Policy.  Within two (2) Business Days after Securities Intermediary’s receipt of any such Acknowledgement, it shall send a copy of such Acknowledgement by facsimile, electronic mail or certified letter to the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer.

Section 4.4     Records.

(a)       The  Securities  Intermediary  shall  maintain  accurate  and  complete  accounts, books, records and computer systems with respect to (i) the Pledged Accounts, (ii) all funds and other receipts with respect to the Pledged Financial Assets, (iii) the Pledged Financial Assets credited to the Pledged Accounts, and (iv) all matters related directly to the administration of the Policies, in each case consistent with the customary procedures of the Securities Intermediary. The Securities Intermediary shall make available to the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer an electronic record of the activity of the Pledged Financial Assets and the Pledged Accounts via online access in accordance with Section 4.1.

(b)       The  Securities  Intermediary  shall  make  available  to  the  Borrower  and  the
Administrative  Agent,  and  their  respective  duly  authorized  representatives,  attorneys  and

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auditors,  the  files  and  accounts,  books,  records  and  computer  systems  maintained  by  the Securities Intermediary or any subcontractor or agent thereof in respect of the Pledged Financial Assets at the locations where such files, accounts, books, records and computer systems are maintained pursuant to this Agreement, during normal business hours and subject to reasonable prior  written  notice;  subject  to  such  Persons  not  unreasonably  interfering  with  the  normal business operations of the Securities Intermediary.

(c)       The Securities Intermediary shall promptly report to Servicer, the Administrative Agent, the Portfolio Manager and the Borrower any material failure on the part of the Securities Intermediary to hold or retain possession of the files, accounts, books, records and computer systems in accordance with the requirements of this Agreement.   The Securities Intermediary shall promptly take appropriate action to remedy any such failure.

(d)       The Securities Intermediary shall provide online, electronic access to the current account activity in the Pledged Accounts to the Administrative Agent and the Borrower in such form of access as shall be agreed among the Administrative Agent, the Borrower and the Securities Intermediary.

Section 4.5    Lapse Notices.

(a)       If  the  Securities  Intermediary  receives  a  notice  from  an  Issuing  Insurance Company or the Servicer that a Policy credited to the Policy Account will lapse or has entered into grace status or will enter into grace status unless the premium amount referred to therein is promptly paid (each, a “Lapse Notice”), the Securities Intermediary hereby agrees that:

(i)      within one (1) Business Day following its receipt of such notice at Wilmington Trust, National Association, 300 Park Street, Suite 390, Birmingham, Michigan 48009, or such other location as the Securities Intermediary may notify the other parties hereto and the Issuing Insurance Companies in writing, from time to time, the Securities Intermediary shall forward such Lapse Notice by facsimile or electronic transmission to an Authorized Representative of the Servicer, an Authorized Representative of the Borrower, an Authorized Representative of the Portfolio Manager and an Authorized Representative of the Administrative Agent, and use all commercially reasonable efforts to confirm by telephone or e-mail with each of such Authorized Representatives that he or she has received such notice; provided, however, that, if Securities Intermediary should receive such Lapse Notice at an address different from the one stated above, it shall use its good faith commercially reasonable efforts to promptly forward  such  Lapse  Notice  to  an  Authorized  Representative  of  the  Servicer,  an Authorized  Representative  of  the  Borrower,  an  Authorized  Representative  of  the Portfolio Manager and an Authorized Representative of the Administrative Agent;

(ii)     after forwarding such notice to such Authorized Representatives, the Securities Intermediary shall comply with any written instructions thereupon received from the Servicer, the Borrower or the Administrative Agent; provided that the Borrower

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shall provide or cause to provide such written instructions to the Securities Intermediary at least five (5) days prior to the date set forth in the Lapse Notice; and

(iii)     in the event the Servicer notifies the Securities Intermediary in writing within five (5) Business Days (the “Lapse Response Date”) of the Securities Intermediary’s delivery to the Servicer of any Lapse Notice that such Lapse Notice is purportedly illegible, the Securities Intermediary shall provide the original copy of such Lapse Notice to the Servicer within two (2) Business Days of the Servicer’s request therefor;  provided,  however,  that  in  no  event  shall  the  Securities  Intermediary  be obligated to provide an original copy of a Lapse Notice if the Securities Intermediary does not receive the Servicer’s written request therefor by the Lapse Response Date.

Section 4.6    Sale of Pledged Financial Assets.

(a)      Subject to Section 4.6(c) below, the Securities Intermediary shall take such commercially reasonable actions as it may be directed in writing by the Administrative Agent, or, subject to the limitations set forth in this Agreement, the Borrower (in either case, at the Borrower’s expense), in order to facilitate the sale of any Policies.

(b)       Upon the written direction of (i) if the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, the Borrower or the Servicer, in each case, with the prior written consent of the Administrative Agent or (ii) if the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, the Administrative Agent acting alone (with a copy sent by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such written direction) (in either case under clause (i) or (ii), at the Borrower’s expense), the Securities Intermediary shall, within a commercially reasonable time period after receipt of such written direction, provide any Person specified in such direction with such information and documentation in the Securities Intermediary’s possession and received by it in connection with this Agreement that is specified in such direction as necessary or desirable to sell any Policies.

(c)       Notwithstanding any provisions to the contrary, prior to the Termination Date, the Securities Intermediary agrees not to sell or otherwise transfer any Policies credited to the Policy Account without the Securities Intermediary’s receipt of prior written directions as follows: (a) if the Securities Intermediary shall not have received from the Administrative Agent written notice of  an  Event  of  Default,  the  joint  written  directions  of  the  Administrative  Agent  and  the Borrower, or (b) if the Securities Intermediary shall have received from the Administrative Agent written notice of an Event of Default, the written directions of the Administrative Agent (with a copy sent simultaneously by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such directions), without further direction from the Borrower.    The Securities Intermediary shall provide the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer with copies of all documentation that it has provided to an escrow agent or any other party in connection with such sale.   In connection with any sale of Policies to Wilmington Trust, National Association, as

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agent, trustee or securities intermediary on behalf of the Borrower or a third party, the Securities Intermediary shall notify the Administrative Agent, the Borrower, the Portfolio Manager and the Servicer, promptly upon the effectiveness of such sale.

(d)       In the event the signature of the Securities Intermediary is required in connection with any such sale, the language set forth on  Exhibit E shall be included in any document, other than any change of beneficiary or owner form required by the Issuing Insurance Company, where such signature(s) may be required.  The failure for such language to be so included shall excuse the Securities Intermediary from being required to join in the execution of such documents,  other  than  any  change  of  beneficiary  or  owner  form  required  by  the  Issuing Insurance Company, without regard to any consequences that may result therefrom.

Section 4.7    Custody of Custodial Packages.

(a)       The  Borrower  shall  deliver  to  the  Custodian,  or  cause  the  delivery  to  the Custodian of, any Custodial Package in both an electronic form acceptable to the Custodian and in physical form for each Policy credited to the Policy Account.  With respect to Policies to be pledged to the Administrative Agent in connection with the funding of the Initial Advance, each of which is listed on Schedule I hereto, the Borrower has delivered to the Custodian, or caused the delivery to the Custodian of, the related Custodial Packages.  With respect to Policies to be pledged to the Administrative Agent in connection with an Additional Policy Advance, the Borrower shall deliver to the Custodian, or cause the delivery to the Custodian of, the related Custodial Package on or prior to the date of the making of such Additional Policy Advance.  The Custodian shall not have any duty to verify (i) any information with respect to any document contained  in  any  purported  Custodial  Packages  it  receives,  (ii)  the  contents  of  any  such document, or (iii) any other criteria with respect to such Custodial Packages or the documents therein.  The Custodian shall have no duty to determine whether any such documents contained in any such Custodial Packages are genuine, enforceable or appropriate for the represented purpose or that they are other than what they purport to be on their face.

(b)       In respect of each Custodial Package, the Custodian shall perform the duties set forth below:

(i)        Safekeeping.  At any time when any Custodial Package (or any document a part of such Custodial Package) is in the Custodian’s possession, the Custodian shall hold such Custodial Package (or such document) in the Custodian’s secure, fire resistant vault facility for the benefit of the Administrative Agent (for the benefit of the Secured Parties) and, so long as the Custodian shall not have received from the Administrative Agent written notice of an Event of Default, the Borrower, as provided in Section 4.7(c) below, and maintain accurate records pertaining to each such Custodial Package.

(ii)       Reports  and  Records.    Prior  to  a  complete  Custodial  Package  being delivered to the Custodian, the Borrower shall cause the delivery to the Custodian (with a copy to the Administrative Agent) of an Excel spreadsheet (or other similar electronic document) identifying such Custodial Package (including the name of each insured under
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the related Policy and the policy number thereof (including the name of the insurance carrier that issued such Policy)).  Each document delivered to the Custodian as part of a Custodial Package shall be so delivered to its address set forth in Section 7.2 in a Custodial Package relating to the respective Policy and shall be accompanied by one of the indices (as determined by the Borrower) substantially in the form attached hereto as Exhibit M (a “Custodial Package Index”) which index shall identify each document required to be verified pursuant to the terms of this Agreement and setting forth the name of the insured, and the policy number (including the name of the insurance carrier that issued such Policy), with respect to which each such document relates.  With respect to Policies pledged to the Administrative Agent in connection with the funding of the Initial Advance, each of which is listed on  Schedule I hereto (i) on the Initial Closing Date, the Custodian executed and delivered to the Administrative Agent and the Borrower a notice substantially in the form of Exhibit I-1 hereto, certifying, subject to any exceptions noted in the schedule of exceptions attached thereto, as to the Custodian’s receipt of such Policies listed on Schedule I hereto (excluding any Policies listed on Schedule VII hereto) and (ii) within sixty (60) days of the date it delivered to the Administrative Agent and the Borrower in accordance with this Section 4.7(b)(ii) a notice substantially in the form of  Exhibit N, the Custodian, based solely on the criteria set forth in this Section 4.7(b)(ii) and the related Custodial Package Index, executed and delivered to the Administrative Agent and the Borrower a notice substantially in the form of  Exhibit I-2 hereto,  certifying,  subject  to  any  exceptions  noted  in  the  schedule(s)  of  exceptions attached thereto, as to the Custodian’s receipt of such purported Custodial Package purportedly containing each of the documents labeled as or purporting to be each of the documents referenced in the related Custodial Package Index with respect to such Custodial Package.  If the Custodian receives any of the Policies listed on  Schedule VII hereto, within five (5) Business Days after receipt thereof the Custodian shall execute and deliver to the Administrative Agent and the Borrower a notice substantially in the form of Exhibit I-3 hereto, certifying as to the Custodian’s receipt of such Policies.  With respect to Policies to be pledged to the Administrative Agent in connection with an Additional Policy Advance, within five (5) Business Days after the Custodian’s receipt of what purports to be a complete Custodial Package and Custodial Package Index from or on behalf of the Borrower, the Custodian shall, based solely on the criteria set forth in this Section 4.7(b)(ii) and the related Custodial Package Index, execute and deliver to the Administrative Agent and the Borrower a notice substantially in the form of  Exhibit I-2 hereto,  certifying,  subject  to  any  exceptions  noted  in  the  schedule(s)  of  exceptions attached thereto, as to the Custodian’s receipt of such Custodial Package purportedly containing each of the documents labeled as or purporting to be each of the documents referenced  in  the  related  Custodial  Package  Index  with  respect  to  such  Custodial Package; provided, however, that if the Borrower causes to be delivered Custodial Packages for more than twenty-five (25) Policies in any week, then the five (5) Business Day period set forth in this Section 4.7(b)(ii) shall be a time period that is mutually acceptable to the Borrower and the Custodian.  Subject to the provisions of this Section 4.7(b)(ii), the Custodian shall reflect in its books and records that it has received such purported  Custodial  Packages  with  respect  to  which  the  Securities  Intermediary  has

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received an Entitlement Order for credit to the Policy Account as a Pledged Financial Asset.  The Custodian shall segregate and maintain continuous custody of all documents in each Custodial Package delivered to it in accordance with this Agreement and its customary standards for such custody.  The Custodian shall maintain electronic records of each Custodial Package (to the extent electronic copies of the Custodial Package documents are delivered to it) and shall provide the Lenders, Administrative Agent and the Borrower, upon written request, with secure electronic access to such electronic records for each Custodial Package (to the extent electronic copies of the Custodial Package  and  such  documents  included  therein  are  delivered  to  it)  that  is  in  the Custodian’s possession.   In addition, upon request, the Custodian shall provide the Administrative Agent with electronic copies of any document within the Custodian’s possession that comprise a Custodial Package. The Custodian has executed and delivered to the Administrative Agent and the Borrower a notice substantially in the form of Exhibit N hereto, which notice identified each of the Policies transferred as of the Initial Closing Date for which the Custodian has accepted delivery of the related purported Custodial Package in its possession.  It is understood and agreed that by delivering such notice, the Custodian was not deemed to have made any representation or warranty regarding, and had no obligation to verify, the contents, authenticity, validity, sufficiency or enforceability of any of such Custodial Packages, or the documents purportedly contained therein.   Notwithstanding the foregoing, or any other provision of this Agreement to the contrary, the Borrower was not required to deliver any Custodial Package Index with respect to any Policy listed on Schedule XXIII hereto subject to the Additional Policy Advance that was made on December 29, 2016 and the Custodian was not required to make any certification or review any documents hereunder related to such Policies. Any packages of documents related to such Policies and delivered to or held by the  Custodian  hereunder  shall  be  referred  to  in  this  Agreement  as  the  “Previously Verified  Packages.”  The  parties  hereto  acknowledge  that  the  Previously  Verified Packages relate to Policies previously held by Wilmington as securities intermediary and custodian under that certain Securities Account Control and Custodian Agreement, dated as of July 16, 2015 (as amended, the "Red Falcon SACCA"), among CLMG Corp., Red Falcon Trust and Wilmington, as securities intermediary and custodian. Wilmington, in its capacity as custodian under the Red Falcon SACCA, hereby confirms to the Administrative Agent that it may rely on any "Custodial Package Index Receipt Letter" and any “Policy Certification” delivered to CLMG Corp. and Red Falcon Trust pursuant to the Red Falcon SACCA with respect to such Previously Verified Packages; provided, that as a condition to such reliance each of the parties hereto agrees that the rights, privileges, protections, immunities, and indemnities provided to the Custodian hereunder shall apply mutatis mutandis to Wilmington as custodian under the Red Falcon SACCA with respect to the Previously Verified Packages, as if such Previously Verified Packages had at all times been Custodial Packages as defined herein. The parties hereto also agree that, with respect to any Previously Verified Packages, the Previously Verified Packages shall be deemed to be Custodial Packages for all purposes of this Agreement.

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(c)       Unless  otherwise  provided  herein,  the  Custodian  shall  hold  each  Custodial Package for the exclusive use and benefit of the Administrative Agent (for the benefit of the Secured Parties) and, so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, the Borrower, and shall make disposition thereof only in accordance with Section 4.7(e) below.

(d)       At any time when a Custodial Package is in the Custodian’s possession, the Custodian shall maintain each such Custodial Package at (i) Wilmington Trust, National Association, Rodney Square North, 1100 North Market Street, Wilmington, Delaware 19890-1600, Attention:   Capital Markets Insurance Services, (ii) Wilmington Trust, National Association,  300  Park  Street,  Suite  390,  Birmingham,  Michigan  48009,  or  (iii)  such  other location designated by the Custodian, provided each of the Administrative Agent and the Borrower receives written notice of such other location prior to the transfer.

(e)      Within two (2) Business Days after its receipt of written instructions from the Borrower, with the Administrative Agent’s prior written consent (prior to the Custodian having received from the Administrative Agent written notice of an Event of Default), or from the Administrative Agent alone (if the Custodian shall have received from the Administrative Agent written notice of an Event of Default, with a copy sent simultaneously by the Administrative Agent to the Borrower; provided that the delivery of such copy shall not be a condition to the effectiveness of such written instructions), in the form attached hereto as Exhibit H (each, a “Custodial Package Release Instruction”), the Custodian shall, at the expense of Borrower, release any Custodial Package in accordance with such written instructions.  With respect to any release  of  Custodial  Packages  or  any  portion  thereof  in  accordance  with  this  Agreement, including as contemplated by this Section 4.7(e), the Custodian shall use United Parcel Service, Federal Express or other nationally recognized overnight courier service for the purpose of transmission  of  such  Custodial  Packages  or  portions  thereof  in  the  performance  of  the Custodian’s duties hereunder.   The Borrower shall provide the Custodian with Borrower’s preferred courier and related account number to be used for the purpose of any such release.  The Borrower shall maintain such insurance against loss or damage to Custodial Packages or any portion thereof as the Borrower deems appropriate.  In no event shall the Custodian have any liability for any losses or damages suffered by any Person arising out of actions of the Custodian in accordance with instructions of any Person relating to the transmission of Custodial Packages or any portion thereof, except for any losses or damages resulting from the willful misconduct, bad faith or gross negligence of the Custodian.  The Custodian is hereby authorized to use a nationally recognized courier service in accordance with the foregoing provisions, and shall have no liability for any negligence, gross negligence or misfeasance by any such courier service.

(f)       Neither the Securities Intermediary nor the Custodian shall have any duty with respect to the validity, legality or sufficiency of any documents comprising any Custodial Package.

(g)       The parties hereto acknowledge and agree that the Custodian shall be entitled to all the rights (including, but not limited to the right to resign in accordance with Section 5.2), protections,  indemnities  and  immunities  provided  to  the  Securities  Intermediary  under  this

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Agreement, all of which rights, protections, indemnities and immunities shall apply equally and without diminishment to the Custodian, mutatis mutandis.

ARTICLE V

CONCERNING THE SECURITIES INTERMEDIARY

Section 5.1     Representations, Warranties and Covenants of the Securities Intermediary. The Securities Intermediary hereby makes the following representations, warranties and covenants to each of the other parties hereto:

(a)       The Pledged Accounts have been established as described in Article II hereof and the Pledged Accounts will be maintained in the manner set forth herein until termination of this Agreement.  The Securities Intermediary shall not change the name or account number of any Pledged Account without the prior written consent of the Administrative Agent.

(b)       No financial asset constituting a Pledged Financial Asset is or will be registered in the name of the Borrower or any of its Affiliates, payable to such Person’s order or specially indorsed to such Person.

(c)       The  Securities  Intermediary  is  duly  organized,  validly  existing,  and  in  good standing under the laws of the jurisdiction of its formation and has the power and authority to execute and deliver this Agreement and to perform its obligations hereunder and the execution, delivery, and performance by it of this Agreement has been duly authorized by all necessary company action.   This Agreement has been duly executed and delivered by the Securities Intermediary and is a legal, valid and binding obligation of the Securities Intermediary enforceable against it in accordance with its terms, except as such enforceability may be subject to or limited by bankruptcy, insolvency, reorganization, moratorium, liquidation, fraudulent conveyance 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)       None  of  the  execution  and  delivery  of  this  Agreement  by  the  Securities Intermediary, the consummation of the transactions contemplated hereby or the compliance with the provisions hereof will conflict with, violate or result in a breach of, or constitute a default (or an event that would constitute a default with notice or passage of time or both) under any provision of any law, regulation, order, writ, injunction, judgment, decree, determination or award of any court, any governmental department, board, agency, or instrumentality, domestic or foreign, or any arbitrator, applicable to or binding upon the Securities Intermediary or under its organizational documents or bylaws, or any provision of any material indenture, contract, agreement or other instrument to which it is a party or by which it is bound.

(e)       Any registration, declaration or filing with, or consent, approval, license, permit or other authorization or order by, any governmental or regulatory authority, domestic or foreign, that is required of the Securities Intermediary in connection with the valid execution, delivery,

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acceptance and performance by the Securities Intermediary under this Agreement or the consummation by the Securities Intermediary of any transaction contemplated hereby has been completed, made or obtained.

(f)        The Securities Intermediary has not entered into any agreement pursuant to which it has agreed to comply with entitlement orders (as defined in Section 8-102(a)(8) of the UCC) with respect to Financial Assets credited to a Pledged Account, other than this Agreement.  Until the Securities Intermediary shall have received from the Administrative Agent written notice of the termination of the Loan Agreement, the Securities Intermediary will not, without the prior written approval of the Administrative Agent or, so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, both of the Administrative Agent and the Borrower, enter into any agreement with any Person pursuant to which the Securities Intermediary agrees to comply with entitlement orders with respect to the Pledged Financial Assets.   Until the Securities Intermediary shall have received from the Administrative Agent written notice of the termination of the Loan Agreement, the Securities Intermediary will not, without the prior written approval of the Administrative Agent or, so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, both of the Administrative Agent and the Borrower, enter into any agreement with any Person relating to any Pledged Account or any financial assets credited thereto pursuant to which the Securities Intermediary agrees to comply with entitlement orders of such Person.  Subject to Section 4.3(a)(xi), the Securities Intermediary has not executed or filed with any Issuing Insurance Company any collateral assignments with respect to any Policies credited to the Policy Account other than such collateral assignments in favor of the Administrative Agent and, until the Securities Intermediary shall have received from the Administrative Agent written notice of the termination of the Loan Agreement, the Securities Intermediary will not, without the prior written approval of the Administrative Agent or, so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, both of the Administrative Agent and the Borrower, execute and file with any Issuing Insurance Company a collateral assignment with respect to any Policy credited to the Policy Account.

(g)       Other than this Agreement, the Securities Intermediary has not entered into any other agreement with the Borrower or the Administrative Agent, purporting to limit or condition the obligation of the Securities Intermediary to comply with entitlement orders with respect to financial assets credited to a Pledged Account as set forth in Section 3.3 hereof.

(h)    The Securities Intermediary is a “securities intermediary” as defined in Section 8-
102(a)(14)(ii) of the UCC under and pursuant to Section 8-501(a) of the UCC.

Section 5.2     Special Provisions Relating to the Securities Intermediary.  The following provisions shall govern the Securities Intermediary’s rights, powers, obligations and duties under this Agreement, notwithstanding anything herein to the contrary:

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(a)       The Securities Intermediary undertakes to perform such duties, and only such duties, as are specifically set forth in this Agreement.  No implied covenants or obligations shall be read into this Agreement.

(b)       The Securities Intermediary shall not be personally liable or accountable to any Person (including, without limitation, the Borrower, the Servicer, the Portfolio Manager, the Insurance Consultant or the Administrative Agent), under any circumstances except for its own grossly negligent action, grossly negligent failure to act or willful misconduct, nor shall the Securities Intermediary have any personal liability for any error or judgment made in good faith by any employee or agent of the Securities Intermediary unless such employee or agent was grossly negligent or acted with willful misconduct.  In particular, but not by way of limitation (and subject to the exceptions set forth in the preceding sentence):

(i)        the Securities Intermediary shall not be liable with respect to any action taken or omitted to be taken by it in accordance with the written instructions (which form of instructions may include, but is not limited to, any exhibit hereto, an entitlement order, or an Alternative Information Notice) provided by the Administrative Agent or, if permitted under this Agreement, the Borrower, the Servicer, the Portfolio Manager, the Insurance Consultant or any other Person in accordance with and subject to this Agreement;

(ii)       no provision of this Agreement shall require the Securities Intermediary to expend or risk funds or otherwise incur any financial liability in the performance of any of its rights or powers hereunder, if the Securities Intermediary shall have reasonable grounds for believing that repayment of such funds or adequate indemnity against such risk or liability is not reasonably assured or provided to it;

(iii)     the Securities Intermediary shall not be responsible for or in respect of and makes no representation as to the validity or sufficiency of any provision of this Agreement with respect to the Borrower or the Administrative Agent or for the due execution hereof by the Borrower or the Administrative Agent;

(iv)     the Securities Intermediary shall incur no liability if, by reason of any provision of any present or future law or regulation thereunder, or by any force majeure event, including but not limited to natural disaster, war or other circumstances beyond its reasonable control, the Securities Intermediary shall be prevented or forbidden from doing or performing any act or thing which the terms of this Agreement provide shall or may be done or performed, or by reason of any exercise of, or failure to exercise, any discretion provided for in this Agreement;

(v)       the  Securities  Intermediary  shall  not  be  required  to  take  any  action hereunder or pursuant to any written instruction delivered in accordance with the provisions hereof if the Securities Intermediary shall have reasonably determined, or shall have been advised by counsel, that such action is likely to result in liability on the part of

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the Securities Intermediary or is contrary to the terms hereof or is otherwise contrary to law; and

(vi)     whenever the Securities Intermediary is in good faith unable to decide between  alternative  courses  of  action  permitted  or  required  by  the  terms  of  this Agreement or any written instruction delivered pursuant to the terms hereof, or is unsure as to the application, intent, interpretation or meaning of any provision of this Agreement, or receives conflicting or inconsistent instructions from the Borrower, the Servicer, the Insurance Consultant, the Portfolio Manager and the Administrative Agent delivered pursuant to the terms hereof, the Securities Intermediary shall promptly give notice (in such form as shall be appropriate under the circumstances) to the Administrative Agent and the Borrower, requesting instruction as to the course of action to be adopted and, to the extent an instruction from the Administrative Agent, or so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, from both of the Administrative Agent and the Borrower, is provided to the Securities Intermediary and the Securities Intermediary acts in good faith in accordance with such instruction received, the Securities Intermediary shall not be liable on account of such action to any Person.  If the Securities Intermediary shall not have received appropriate instructions within ten (10) calendar days of sending such notice (or within such shorter period of time as reasonably may be specified in such notice to be necessary under the circumstances) it may, but shall be under no duty to, take or refrain from taking such action which is consistent, in its view, with this Agreement, and the Securities Intermediary shall have no liability to any Person for any such action or inaction.

(c)       The Securities Intermediary shall incur no liability to anyone in acting upon any signature, written instrument, or notice reasonably believed by it to be genuine and reasonably believed by it to be signed by the proper party or parties and need not investigate any fact or matter in any such document as long as the Securities Intermediary has otherwise satisfied its obligations under this Agreement.

(d)       The Securities Intermediary shall be compensated for its services in accordance with the Fee and Indemnification Agreement.

(e)      Without prejudice to any other agreement regarding the indemnification of any Indemnified Bank Person, including the Fee and Indemnification Agreement, the Borrower shall indemnify, protect, save and hold the Securities Intermediary, and its officers, directors, shareholders and employees (each an “Indemnified Bank Person”) harmless against any and all Loss, liability, obligation, damage, claim, penalty, tax (excluding any taxes on the Securities Intermediary on, or measured by, any compensation received by the Securities Intermediary) or expense of any kind or nature whatsoever arising out of or in connection with this Agreement or the Original Agreement, including the costs and expenses of defending itself against any claim or liability in connection with the exercise or performance of any of its rights, powers or duties hereunder (each of the foregoing, a “Claim”); provided, however, the Borrower shall not be required to indemnify, protect, save and hold any Indemnified Bank Person harmless from any

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Claim (or portion thereof) resulting from gross negligence or willful misconduct on the part of such Indemnified Bank Person.  Upon the Securities Intermediary’s becoming aware of the occurrence of an event that results in any Loss, liability or expense to an Indemnified Bank Person, the Securities Intermediary shall promptly send written notice thereof to the Borrower and the Administrative Agent.  The indemnity contained in this Section 5.2(e) shall survive the termination of this Agreement and the resignation and removal of the Securities Intermediary. Any amounts owed by the Borrower to an Indemnified Bank Person in accordance with this Section 5.2(e) will be paid pursuant to Section 5.2 of the Loan Agreement; provided, however, that if such amounts have not been fully paid pursuant to Section 5.2 of the Loan Agreement within five (5) Business Days of the Borrower’s receipt of a written notice from the Securities Intermediary that such amounts have not been fully paid, shall be paid by the Borrower.

(f)        The  Securities  Intermediary  may  resign  as  Securities  Intermediary  hereunder upon ninety (90) days’ prior written notice to the Borrower and the Administrative Agent, such resignation  to  become  effective  only  upon  the  appointment  of  a  successor  Securities Intermediary by the Administrative Agent, with the consent of the Borrower, which consent shall not be unreasonably withheld or delayed.  The Administrative Agent may appoint a successor Securities Intermediary within twenty (20) days after the expiration of the ninety (90) day period referred to above without the consent of the Borrower or any other Person.  If no successor Securities Intermediary is appointed, and shall have accepted such appointment, as provided herein, then the Securities Intermediary, and so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, the Borrower, may, in either case at the sole expense of the Borrower, petition any court of competent jurisdiction for the appointment of a successor Securities Intermediary.

(g)       The Administrative Agent is, and so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, the Borrower and the Administrative Agent acting jointly are, authorized to remove the Securities Intermediary hereunder  and  appoint  a  successor.    No  such  removal  shall  be  effective  until  a  successor Securities Intermediary has been appointed and has accepted such appointment.  Neither the Borrower nor any Affiliate thereof shall terminate this Agreement without the prior written consent of the Administrative Agent.  Any successor Securities Intermediary or Custodian shall be a commercial bank organized under the laws of the United States or any state thereof which has a combined capital and surplus of at least $50,000,000.   If no successor Securities Intermediary is appointed, and shall have accepted such appointment, as provided herein then the Securities Intermediary may, at the expense of the Borrower, petition any court of competent jurisdiction for the appointment of a successor Securities Intermediary.

(h)       Any corporation or other entity (i) into which the Securities Intermediary shall be merged, or with which it shall be consolidated, (ii) resulting from any merger or consolidation to which the Securities Intermediary shall be a party or (iii) succeeding to all or substantially all of the assets or corporate trust business of the Securities Intermediary, shall, if it is otherwise qualified pursuant to the criteria set forth in Section 5.2(g), be the Securities Intermediary under this Agreement without the execution or filing of any paper or any further act on the part of the parties hereto; provided, however, such successor Securities Intermediary shall be subject to the

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removal rights of the Administrative Agent, and so long as the Securities Intermediary shall not have received from the Administrative Agent written notice of an Event of Default, the Borrower and the Administrative Agent acting jointly, pursuant to Section 5.2(g).

(i)        The Borrower and the Administrative Agent hereby agree that as determined by the Securities Intermediary in its reasonable discretion, any amendment to the Loan Agreement that adversely affects the amounts payable to, or the obligations of, the Securities Intermediary, including, without limitation, any such amendment to any capitalized term defined in the Loan Agreement or any such amendment to Section 5.2 or Section 13.1 of the Loan Agreement that affects the amounts payable to, or the obligations of, the Securities Intermediary, shall require the  prior  written  consent  of  the  Securities  Intermediary,  which  shall  not  be  unreasonably withheld.

ARTICLE VI

REPRESENTATIONS AND WARRANTIES OF THE BORROWER AND THE ADMINISTRATIVE AGENT

Section 6.1     Representations and Warranties of the Borrower.   The Borrower hereby represents and warrants to the Administrative Agent and the Securities Intermediary that:

(a)       The Borrower is a Delaware limited partnership, duly formed, validly existing, and in good standing under the laws of the State of Delaware and has the power and authority to execute and deliver this Agreement and to perform its obligations hereunder and the execution, delivery, and performance by it of this Agreement has been duly authorized by all necessary limited partnership action.   This Agreement has been duly executed and delivered by the Borrower and constitutes its legal, valid, binding, and enforceable obligation, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally and the availability of equitable remedies.

(b)       Neither  the  execution,  delivery,  and  performance  by  the  Borrower  of  this Agreement  nor  the  consummation  by  it  of  the  transactions  contemplated  hereby  or  the compliance with the provisions hereof (i) will conflict with, violate, or result in a breach of, or constitute a default (or an event that would constitute a default with notice or passage of time or both) under, any of the terms, conditions, or provisions of any law, regulation, order, writ, injunction, decree, determination, or award of any court, any governmental department, board, agency, or instrumentality, domestic or foreign, or any arbitrator, applicable to it or binding upon it, or (ii) will conflict with, violate, result in a breach of, or constitute a default under any of the terms, conditions, or provisions of its constituent documents or any provision of any material indenture, contract, agreement or other instrument to which it is a party or by which it is bound.

(c)       Any registration, declaration, or filing with, or consent, approval, license, permit, or other authorization or order by, any governmental or regulatory authority, domestic or foreign, that is required of the Borrower in connection with the valid execution, delivery, acceptance, and performance by it under this Agreement or the consummation by it of any transaction contemplated hereby has been completed, made, or obtained.

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(d)       There is no order, judgment, decree, injunction, stipulation or consent order of or with any Governmental Authority to which the Borrower is subject, and there is no action, suit, arbitration,  regulatory  proceeding  or  investigation  pending,  or,  to  the  knowledge  of  the Borrower, threatened, before or by any court, regulatory body, administrative agency or other tribunal or governmental instrumentality, against the Borrower that, individually or in the aggregate, could reasonably be expected to have a Material Adverse Effect; and there is no action, suit, proceeding, arbitration, regulatory or governmental investigation, pending or, to the knowledge of the Borrower, threatened, before or by any court, regulatory body, administrative agency, or other tribunal, governmental instrumentality or any other Person (A) asserting the invalidity of this Agreement or any other Transaction Document or (B) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document.

Section 6.2     Representations  and  Warranties  of  the  Administrative  Agent.     The Administrative Agent hereby represents and warrants to the Borrower and the Securities Intermediary that:

(a)       The Administrative Agent is a Texas corporation, duly formed, validly existing, and in good standing under the laws of the State of Texas and has the power and authority to execute and deliver this Agreement and to perform its obligations hereunder and the execution, delivery, and performance by it of this Agreement has been duly authorized by all necessary company action.  This Agreement has been duly executed and delivered by the Administrative Agent and constitutes its legal, valid, binding, and enforceable obligation, except as such enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors' rights generally and the availability of equitable remedies.

(b)      The consummation of the transactions contemplated by this Agreement and the fulfillment of the terms and conditions hereof and thereof, will not and do not (a) conflict with or result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under the organizational documents of the Administrative Agent, or (b) violate any Applicable Law.

(c)       No authorization or approval or other action by, and no notice to or filing with, any Governmental Authority or regulatory body required for the due execution, delivery or performance by the Administrative Agent of this Agreement remains or remained unobtained or unfiled.
ARTICLE VII MISCELLANEOUS
Section 7.1    Successors; Assignment.   The terms of this Agreement shall be binding
upon, and shall inure to the benefit of, the parties hereto and their respective successors and permitted assignees; provided that so long as the Loan Agreement is in effect, the Borrower may

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not assign this Agreement without the prior written consent of the Administrative Agent, which consent shall be granted or withheld in its sole and absolute discretion.

Section 7.2     Notices.   All notices, reports, directions, instructions, requests, consents and other communications provided for hereunder shall, unless otherwise stated herein, be in writing (including communication by facsimile copy) and mailed, e-mailed (provided any such communications sent by e-mail shall include an executed document(s) in Adobe portable document format), faxed, transmitted or delivered, as to each party hereto, at its address (or specified addresses) below.   All such notices and communications shall be effective, upon receipt, or in the case of (a) notice by mail, five (5) Business Days after being deposited in the United States mail, first class postage prepaid, (b) notice by e-mail, when verbal or electronic communication of receipt is obtained, or (c) notice by facsimile copy, when verbal or electronic communication of receipt is obtained.  The addresses for notices of the parties are as follows:

To the Securities Intermediary:

Wilmington Trust, National Association
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

With a copy by e-mail only to (which shall not constitute notice to the
Securities Intermediary):

K&L Gates LLP
Attention: Scott Waxman, Esq.
E-mail: scott.waxman@klgates.com

To the Borrower:

White Eagle Asset Portfolio, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: whiteeagle@lamington.ie

With a copy to: COreilly@emergentcapital.com

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To the Servicer:

MLF LexServ, LP
4350 East-West Highway, Suite 905
Bethesda, Maryland  20814
Attention: Nathan A. Evans, President and Chief Executive Officer
Facsimile No.  301.951.2123
E-mail:    nevans@mlflexserv.com

With a copy to:

MLF LexServ, LP
4350 East-West Highway, Suite 905
Bethesda, Maryland  20814
Attention: Mario Coniglio, Chief Operating Officer
Facsimile No.  301.951.2123
E-mail:    mconiglio@mlflexserv.com
To the Portfolio Manager: Lamington Road Bermuda Ltd.
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: lrbermuda@lamington.ie

With a copy to: COreilly@emergentcapital.com
To the Administrative Agent: CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention: James Erwin
Telephone: (469) 467-5414
Facsimile: (469) 467-3433
E-mail: jerwin@clmgcorp.com

If to the Custodian:

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Wilmington Trust, National Association, Custodian
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

or at such other address as the specified entity most recently may have designated in writing in accordance with this Section 7.2.

Section 7.3     Termination.     Subject  to  Section  5.2(e)  through  Section  5.2(g),  the obligations of the Securities Intermediary hereunder shall continue in effect until the security interests of the Administrative Agent with respect to the Pledged Financial Assets have been terminated and an Authorized Representative of the Administrative Agent has delivered to the Securities Intermediary and the Borrower at least five (5) Business Days prior written notice of such termination, whereupon the Administrative Agent shall cease to be a party hereto and cease to have any further rights, obligations or remedies hereunder and the Securities Intermediary, the Custodian and the Borrower shall, subject to each of the Securities Intermediary’s and the Custodian’s rights to (i) resign in accordance with this Agreement, and (ii) in its respective sole discretion, refuse to continue as Securities Intermediary and Custodian hereunder, or amend and restate this Agreement to reflect the cessation of the Administrative Agent as a party hereto.

Section 7.4     U.S.A.  PATRIOT  Act.     In  order  to  comply  with  the  laws,  rules, regulations and executive orders in effect from time to time applicable to banking institutions, including those relating to the funding of terrorist activities and money laundering (collectively, “Applicable Regulations”), Wilmington Trust, National Association, in the relevant capacities (the “Relevant Provider”), is required to obtain, verify and record certain information relating to individuals and entities which maintain a business relationship with the Relevant Provider. Accordingly, each of the parties agrees to provide the Relevant Provider, upon its request from time to time, such identifying information and documentation as may be necessary in order to enable the Relevant Provider to comply with such Applicable Regulations.  It is expressly agreed that the Relevant Provider shall have no duty to perform any services hereunder for, on behalf of or for the benefit of, any party not having furnished such information as the Relevant Provider, in its sole discretion, determines to be necessary to comply with the Applicable Regulations.

Section 7.5     No Waiver; Remedies.  No failure on the part of the Administrative Agent to exercise, and no delay in exercising, any right or remedy under this Agreement shall operate as a waiver thereof; nor shall any single or partial exercise of any right or remedy hereunder preclude any other or further exercise thereof or the exercise of any other right.  The rights and remedies herein provided are cumulative and not exclusive of any rights and remedies provided by law.

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Section 7.6     Binding Effect; Benefit of Agreement.  This Agreement shall be binding upon and inure to the benefit of the Administrative Agent, the Secured Parties, the Borrower and their respective successors and permitted assigns.

Section 7.7     Governing Law; Consent to Jurisdiction; Waiver of Objection to Venue; Process Agent.  THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK WITHOUT GIVING EFFECT TO ANY CHOICE OF LAW PROVISIONS THEREOF (OTHER THAN SECTIONS
5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK).  EACH OF THE PARTIES HERETO HEREBY AGREES TO THE EXCLUSIVE JURISDICTION OF ANY STATE OR FEDERAL COURT LOCATED WITHIN THE STATE OF   NEW   YORK.      EACH   OF   THE   PARTIES   HERETO   HEREBY   WAIVES   ANY OBJECTION BASED ON FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE    OF    ANY    ACTION    INSTITUTED    HEREUNDER    IN    ANY    OF    THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT.

EACH OF THE PARTIES IRREVOCABLY CONSENTS TO THE SERVICE OF ANY AND ALL PROCESS IN ANY SUCH ACTION OR PROCEEDING BY THE MAILING OF COPIES   OF   SUCH   PROCESS   TO   SUCH   PARTY   AT   ITS   ADDRESS   SPECIFIED PURSUANT TO SECTION 7.2.  NOTHING IN THIS SECTION 7.7 SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO SERVE LEGAL PROCESS IN ANY OTHER MANNER PERMITTED BY LAW.

Section 7.8     Waiver   of   Jury   Trial.       TO   THE   EXTENT   PERMITTED   BY APPLICABLE LAW, 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 BETWEEN THE PARTIES HERETO ARISING OUT OF, CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP BETWEEN ANY OF THEM IN CONNECTION WITH THE TRANSACTION DOCUMENTS OR THE TRANSACTIONS CONTEMPLATED HEREBY. INSTEAD, ANY SUCH DISPUTE RESOLVED IN COURT WILL BE RESOLVED IN A BENCH TRIAL WITHOUT A JURY.

Section 7.9    Amendments and Modifications.

(a)       Neither this Agreement nor any term, condition, covenant or agreement hereof may be changed, modified, amended, waived, discharged, or terminated orally, or by a course of conduct or performance, but only by an instrument in writing, expressly stating therein that it is intended as a change, waiver, modification, amendment, discharge or termination, as the case may be, and, in all such instances, must be signed by each party hereto after the date hereof.  In no event shall Securities Intermediary be required to join in any amendment hereto which adversely affects its rights, duties, obligations, privileges, protections, indemnifications or immunities hereunder.

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(b)      A modification to any procedure set forth herein shall be effected by a written agreement of such modification executed by each party hereto, without further evidence of authority.  Unless an earlier or later time is specified in the written agreement of modification, any modification shall be effective on the first day of the first month starting after the last date of execution of the agreement of modification by all parties.

Section 7.10    Confidentiality.

(a)       The Securities Intermediary shall maintain and shall cause each of its employees and officers to maintain the confidentiality of this Agreement, all information regarding the other parties, the Pledged Accounts and the Pledged Financial Assets, including all information regarding the Borrower, the Administrative Agent, the Servicer, the Portfolio Manager, the Initial Servicer and their respective businesses obtained by it in connection with the structuring, negotiating and execution of the transactions contemplated herein, except that the Securities Intermediary and its directors, officers and employees may disclose (i) such information to its external accountants, internal and external auditors and attorneys, (ii) such information to investors, potential investors and policy purchasers (including the directors, officers, agents, representatives, external accountants, attorneys of the foregoing Persons) and (iii) such information to the employees, the agents, external accountants, internal and external auditors, attorneys, and advisors of the Securities Intermediary (“Excepted Persons”); provided, however, that each Excepted Person shall be advised by the party disclosing such information of the confidential nature of the information being disclosed, (iv) the existence of this Agreement and the parties hereto, but not the financial terms thereof except as required by Applicable Law, (v) such  information  as  is  required  by  Applicable  Law,  and  (vi)  this  Agreement  and  such information in any suit, action, proceeding or investigation (whether in law or in equity or pursuant to arbitration) related to this Agreement for the purpose of defending itself, reducing its liability, or protecting or exercising any of its claims, rights, remedies, or interests under or in connection with this Agreement.

(b)       Anything herein to the contrary notwithstanding, disclosure is permitted (i) to the Administrative Agent, the Borrower, the Insurance Consultant, the Portfolio Manager, the Initial Servicer, the Initial Portfolio Manager and the Servicer, (ii) by the Administrative Agent to any prospective or actual assignee or pledgee, Lender, participant or assignee of any of them or an Affiliate, or (iii) by the Administrative Agent or any Lender to any rating agency, provider of a surety, guaranty or credit or liquidity enhancement to the Administrative Agent or any Person providing financing to, or holding equity interests in, the Administrative Agent or any Lender, as applicable, and to any officers, directors, employees, outside accountants, advisors, attorneys and sub-contractors of any of the foregoing, provided each such Person in the case of clauses (ii) and (iii) is informed of the confidential nature of such information.  In addition, the Administrative Agent and credit enhancers to the Administrative Agent may disclose any such nonpublic information as required pursuant to any law, rule, regulation, direction, request or order of any judicial, administrative or regulatory authority or proceedings (whether or not having the force or effect of law).

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(c)       Notwithstanding  anything  herein  to  the  contrary,  the  foregoing  shall  not  be construed to prohibit (i) disclosure of any and all information that is or becomes publicly known, (ii) disclosure of any and all information (A) if required to do so by any applicable statute, law, rule or regulation, (B) to any government agency or regulatory body having or claiming authority to regulate or oversee any respects of the Servicer’s, the Securities Intermediary’s, the Borrower’s, the Portfolio Manager’s, the Initial Servicer’s, the Initial Portfolio Manger’s or the Administrative Agent’s business or that of their Affiliates, (C) pursuant to any subpoena, civil investigative demand or similar demand or request of any court, regulatory authority, arbitrator or arbitration to which the Securities Intermediary, the Administrative Agent or an officer, director, employer, shareholder or affiliate of any of the foregoing is a party, or (D) to any affiliate, independent or internal auditor agent, employee or attorney of the Securities Intermediary, or the Administrative Agent; or (iii) any other disclosure authorized by the Borrower.

(d)       The  Securities  Intermediary  and  Custodian  agree  that  if  any  unauthorized disclosure, access or loss of, or inability to account for any of Borrower’s Confidential Information   in   Securities   Intermediary’s   or   Custodian’s   possession   occurs   while   such Confidential Information is in the Securities Intermediary’s or the Custodian’s possession, the Securities Intermediary or Custodian will promptly, at their own reasonable expense: (i) make commercially reasonable efforts to terminate such unauthorized access; (ii) report such incident to Borrower and the Administrative Agent, describing in detail the disclosed, accessed or lost Confidential Information; (iii) take such actions as may be reasonably necessary or reasonably requested by Borrower to investigate and mitigate the effects of the problem; (iv) cooperate in all reasonable  respects  with  Borrower  to  mitigate  the  effects  of  the  problem and  any  damage resulting therefrom; and (v) reasonably assist Borrower in the Borrower’s or its Affiliates’ making any reports or notifications required by law as a result of such loss or disclosure.  For the avoidance of doubt, notwithstanding the foregoing, the parties hereto agree that the Securities Intermediary and the Custodian shall only be responsible for any expenses pursuant to this Section 7.10(d) to the extent such expenses result from the Securities Intermediary’s or Custodian’s gross negligence, willful misconduct or bad faith.

Section 7.11   Execution in Counterparts; Severability; Integration.  This Agreement may be  executed  in  any  number  of  counterparts  and  by  different  parties  hereto  in  separate counterparts (including by facsimile), 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.  In case  any  provision  in  or  obligation  under  this  Agreement  shall  be  invalid,  illegal  or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other jurisdiction, shall not in any way be affected or impaired thereby.  Except with respect to the Securities Intermediary and the Custodian, this Agreement, and any agreements or letters (including fee letters) executed in connection herewith contain 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 with respect thereto.  With respect to the Securities Intermediary and the Custodian, this Agreement, including the exhibits and schedules hereto, contains a final and

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complete integration of all prior expressions by the parties hereto with respect to all of the rights and duties of the Securities Intermediary and the Custodian and, as to the Securities Intermediary and the Custodian, shall constitute the entire agreement of all the parties hereto with respect to such rights and duties of the Securities Intermediary and the Custodian, superseding all prior oral or written understandings with respect thereto.

Section 7.12   Waiver of Setoff.  The Securities Intermediary hereby irrevocably waives any right of setoff it may have or to which it may be entitled under this Agreement from time to time against the Borrower, the Administrative Agent, the Portfolio Manager, the Initial Servicer, the Initial Portfolio Manager or Servicer or their assets.

Section 7.13   Heading and Exhibits.  The headings herein are for purposes of references only and shall not otherwise affect the meaning or interpretation of any provision hereof.  The schedules and exhibits attached hereto and referred to herein shall constitute a part of this Agreement and are incorporated into this Agreement for all purposes.

Section 7.14   Non-Confidentiality of Tax Treatment.  All parties hereto agree that each of them and each of their employees, representatives, and other agents may disclose to any and all persons, without limitation of any kind, the tax treatment and tax structure of the transaction and all materials of any kind (including, without limitation, opinions or other tax analyses) that are provided to any of them relating to such tax treatment and tax structure.  “Tax treatment” and “tax structure” shall have the same meaning as such terms have for purposes of Treasury Regulation Section 1.6011-4; provided that with respect to any document or similar item that in either case contains information concerning the tax treatment or tax structure of the transaction as well as other information, the provisions of this Section 7.14 shall only apply to such portions of the document or similar item that relate to the tax treatment or tax structure of the transactions contemplated hereby.

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

BORROWER:

WHITE EAGLE ASSET PORTFOLIO, LP

By:  White Eagle General Partner, LLC, its General
Partner

By: Name: Title:

ADMINISTRATIVE  AGENT:

CLMG CORP., as Administrative Agent

By: Name: Title:

SECURITIES INTERMEDIARY  AND CUSTODIAN:

WILMINGTON TRUST, NATIONAL ASSOCIATION, as Securities Intermediary and Custodian

By: Name: Title:

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EXHIBIT A

Loan Agreement

(See Exhibit 10.18 of the Form 10-K)

 
A-1

EXHIBIT B 
PLEDGED ACCOUNTS
ACCOUNT INFORMATION

POLICY ACCOUNT:

Wilmington Trust, N.A. ABA:
Acct: 
Acct Name: White Eagle Asset Portfolio, LP Policy Account for the benefit of CLMG Corp., as
Administrative Agent

PAYMENT ACCOUNT:

Wilmington Trust, N.A. ABA:
Acct: 
Acct Name: White Eagle Asset Portfolio, LP Payment Account for the benefit of CLMG Corp., as Administrative Agent

COLLECTION ACCOUNT:

Wilmington Trust, N.A. ABA: 
Acct: 
Acct Name: White Eagle Asset Portfolio, LP Collection Account for the benefit of CLMG Corp., as Administrative Agent

ESCROW ACCOUNT:

Wilmington Trust, N.A. ABA: 
Acct: 
Acct Name: White Eagle Asset Portfolio, LP Escrow Account for the benefit of CLMG Corp., as
Administrative Agent

BORROWER ACCOUNT:

Wilmington Trust, N.A. ABA: 
Acct: 
Acct Name: White Eagle Asset Portfolio, LP Borrower Account for the benefit of CLMG Corp., as Administrative Agent

EXHIBIT C

FORM OF ENTITLEMENT ORDER

To:    Wilmington Trust, National Association
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

Re:    Transfer of Assets

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017 (the “Account Control Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary  (together  with  its  successors, the “Securities Intermediary”) and Wilmington Trust, National Association, a national banking association, as the custodian (together with its successors, the “Custodian”).  Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Account Control Agreement.  In consideration of the transfers and payments described below, the undersigned parties to this Entitlement Order (the “Entitlement Order”) hereby agree as follows:

1.         The Borrower hereby irrevocably directs the Securities Intermediary to credit the Policy Account detailed below established with the Securities Intermediary pursuant to the Account Control Agreement (the “Policy Account”) with the Policy or Policies, and all proceeds thereof (the “Financial Assets”) identified on Schedule I attached hereto:

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

The Borrower hereby agrees that, upon the crediting to the Policy Account of the security entitlements (as defined in Section 8-102(a)(17) of the UCC) relating to the Financial Assets identified on Schedule I by the Securities Intermediary, all parties to this Entitlement Order have satisfied all of their respective obligations with respect to the transfers of the Financial Assets hereunder to the Policy Account.

C-1

2.         The Administrative Agent hereby directs the Securities Intermediary to hold legal title and ownership to the Financial Assets transferred into the Policy Account as contemplated in paragraph 1 above in the Policy Account until the Administrative Agent delivers an Entitlement Order to the Securities Intermediary with respect to some or all of such Financial Assets identified on Schedule I.

The Administrative Agent hereby agrees that, upon the crediting to the Policy Account of the  Security  Entitlements  (as  defined  in  Section  8-102(a)(17)  of  the  UCC)  relating  to  the Financial Assets identified on Schedule I by the Securities Intermediary, all parties to this Entitlement Order have satisfied all of their respective obligations with respect to the transfers of the Financial Assets hereunder to the Policy Account.

It is expressly understood and agreed that the Securities Intermediary makes no representations or warranties as to (i) the validity, legality, completeness, enforceability, or genuineness of any document delivered to it by or on behalf of the Borrower, including but not limited to any document delivered to it in accordance herewith or (ii) the collectability, insurability, effectiveness or suitability of any such document.  The Securities Intermediary shall be under no duty to conduct an independent review of any document delivered in accordance herewith.

C-2

IN WITNESS WHEREOF, the undersigned have caused this Entitlement Order to be executed by their duly authorized officers as of this       day of      , 20    .

WHITE EAGLE ASSET PORTFOLIO, LP

By:  White Eagle General Partner, LLC, its General Partner

Name: Title:

ADMINISTRATIVE AGENT:

CLMG CORP., as Administrative Agent

By: Name: Title:

Acknowledged and Accepted:

WILMINGTON TRUST, NATIONAL ASSOCIATION,
not in its individual capacity
but solely as Securities Intermediary

By: Name: Title:

C-3

[SCHEDULE I]

	
							
	Name of Insured
	 
	Policy Number
	 
	Issuing Insurance Company
	 
	Amount of Death Benefit

EXHIBIT D-1

FORM OF ENTITLEMENT ORDER FOR DEBIT AND TRANSFER OF ASSETS FROM THE POLICY ACCOUNT PRIOR TO THE TERMINATION DATE (PRIOR TO THE OCCURRENCE AND CONTINUATION OF AN EVENT OF DEFAULT)

To:    Wilmington Trust, National Association
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

Re:    Transfer of Pledged Financial Assets

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017 (the “Account Control Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary  (together  with  its  successors, the “Securities Intermediary”) and Wilmington Trust, National Association, a national banking association, as the custodian (together with its successors, the “Custodian”).  Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Account Control Agreement.  In consideration of the transfers and payments described below, the undersigned parties to this Entitlement Order (the “Entitlement Order”) hereby agree as follows:

1.         Reference is hereby made to the Policy Account detailed below, established with the Securities Intermediary pursuant to the Account Control Agreement (the “Policy Account”):

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

2.         The  Administrative  Agent  and  the  Borrower  hereby  irrevocably  direct  the Securities Intermediary, against payment therefor of the amounts (if any) detailed in the attached Schedule II, on the specified date, to effectuate a transfer of the Security Entitlements (as defined in Section 8-102(a)(17) of the UCC) carried in the Policy Account with respect to the Financial Assets relating to the Policies identified on Schedule I attached hereto to the [THIRD PARTY] by debiting the Policy Account and crediting the [THIRD PARTY] Account detailed below

D-1-1

established with the Securities Intermediary pursuant to the [THIRD PARTY] Agreement (the
“[THIRD PARTY] Account”):

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

The Administrative Agent and the Borrower hereby agree that, upon the Administrative Agent’s receipt of funds (if any) from [THIRD PARTY] in accordance with the Disbursement Schedule attached hereto as Schedule II, and such concurrent crediting to the account of the [THIRD PARTY] of Security Entitlements relating to the indicated Financial Assets relating to the Policies identified on Schedule I, all parties to this Entitlement Order have satisfied all obligations with respect to the transfers of Financial Assets hereunder.

3.         [THIRD PARTY] hereby directs the Securities Intermediary to hold the Financial Assets transferred into the [THIRD PARTY] Account as contemplated in paragraph 2 above in the [THIRD PARTY] Account until the [THIRD PARTY] delivers an entitlement order to the Securities Intermediary.

[THIRD PARTY] hereby agrees that, upon its disbursement of funds (if any) in accordance with the Disbursement Schedule attached hereto as Schedule II, and such concurrent crediting  to  the  account  of  the  [THIRD  PARTY]  of  Security  Entitlements  relating  to  the indicated Financial Assets relating to the Policies identified on Schedule I, all parties to this Entitlement Order have satisfied all obligations with respect to the transfers of Financial Assets hereunder.

D-1-2

IN WITNESS WHEREOF, the undersigned have caused this Entitlement Order to be executed by their duly authorized officers as of this       day of      , 20    .

CLMG CORP., as Administrative Agent

By: Name: Title:

By: Name: Title:

WHITE EAGLE ASSET PORTFOLIO, LP, as
Borrower

By:  White Eagle General Partner, LLC, its
General Partner

By: Name: Title:

[THIRD PARTY]

By: Name: Title:

Acknowledged and Accepted:

WILMINGTON TRUST, NATIONAL ASSOCIATION,
not in its individual capacity
but solely as Securities Intermediary
By: Name: Title:

D-1-3

SCHEDULE I

	
							
	Name of Insured
	 
	Policy Number
	 
	Issuing Insurance Company
	 
	Amount of Death Benefit

D-1-4

SCHEDULE II DISBURSEMENT SCHEDULE
[THIRD PARTY] confirms that, pursuant to the [PURCHASE AGREEMENT], it has disbursed the following amounts, in each case on the indicated dates in satisfaction of the Entitlement Order to which this Disbursement Schedule is attached:

D-1-5

EXHIBIT D-2

FORM OF ENTITLEMENT ORDER FOR DEBIT AND TRANSFER OF ASSETS FROM THE POLICY ACCOUNT PRIOR TO THE TERMINATION DATE (AFTER THE OCCURRENCE AND CONTINUANCE OF AN EVENT OF DEFAULT)

To:         Wilmington Trust, National Association
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

Re:    Transfer of Pledged Financial Assets

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017 (the “Account Control Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary  (together  with  its  successors, the “Securities Intermediary”) and Wilmington Trust, National Association, a national banking association, as the custodian (together with its successors, the “Custodian”).  Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Account Control Agreement.  In consideration of the transfers and payments described below, the undersigned parties to this Entitlement Order (the “Entitlement Order”) hereby agree as follows:

1.         Reference is hereby made to the Policy Account detailed below, established with the Securities Intermediary pursuant to the Account Control Agreement (the “Policy Account”):

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

2.         The Administrative Agent hereby irrevocably directs the Securities Intermediary, against payment therefor of the amounts (if any) detailed in the attached Schedule II, on the specified date, to effectuate a transfer of the Security Entitlements (as defined in Section 8-102(a)(17) of the UCC) carried in the Policy Account with respect to the Financial Assets relating to the Policies identified on Schedule I attached hereto to the [THIRD PARTY] by debiting  the  Policy  Account  and  crediting  the  [THIRD  PARTY]  Account  detailed  below

D-2-1

established with the Securities Intermediary pursuant to the [THIRD PARTY] Agreement (the
“[THIRD PARTY] Account”):

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

The Administrative Agent hereby agrees that, upon its receipt of funds (if any) from [THIRD PARTY] in accordance with the Disbursement Schedule attached hereto as Schedule II, and such concurrent crediting to the account of the [THIRD PARTY] of Security Entitlements relating to the indicated Financial Assets relating to the Policies identified on Schedule I, all parties to this Entitlement Order have satisfied all obligations with respect to the transfers of Financial Assets hereunder.

3.         [THIRD PARTY] hereby directs the Securities Intermediary to hold the Financial Assets transferred into the [THIRD PARTY] Account as contemplated in paragraph 2 above in the [THIRD PARTY] Account until the [THIRD PARTY] delivers an entitlement order to the Securities Intermediary.

[THIRD PARTY] hereby agrees that, upon its disbursement of funds (if any) in accordance with the Disbursement Schedule attached hereto as Schedule II, and such concurrent crediting  to  the  account  of  the  [THIRD  PARTY]  of  Security  Entitlements  relating  to  the indicated Financial Assets relating to the Policies identified on Schedule I, all parties to this Entitlement Order have satisfied all obligations with respect to the transfers of Financial Assets hereunder.

D-2-2

IN WITNESS WHEREOF, the undersigned have caused this Entitlement Order to be executed by their duly authorized officers as of this       day of      , 20    .

CLMG CORP., as Administrative Agent

By: Name: Title:

By: Name: Title:

[THIRD PARTY]

By: Name: Title:

Acknowledged and Accepted:

WILMINGTON TRUST, NATIONAL ASSOCIATION,
not in its individual capacity
but solely as Securities Intermediary

By: Name: Title:

D-2-3

SCHEDULE I

	
							
	Name of Insured
	 
	Policy Number
	 
	Issuing Insurance Company
	 
	Amount of Death Benefit

D-2-4

SCHEDULE II DISBURSEMENT SCHEDULE
[THIRD PARTY] confirms that, pursuant to the [PURCHASE AGREEMENT], it has disbursed the following amounts, in each case on the indicated dates in satisfaction of the Entitlement Order to which this Disbursement Schedule is attached:

D-2-5

EXHIBIT D-3

FORM OF ENTITLEMENT ORDER FOR DEBIT AND TRANSFER OF ASSETS FROM THE POLICY ACCOUNT ON AND AFTER THE TERMINATION DATE

To:    Wilmington Trust, National Association
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

Re:    Transfer of Pledged Financial Assets

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017 (the “Account Control Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary  (together  with  its  successors, the “Securities Intermediary”) and Wilmington Trust, National Association, a national banking association, as the custodian (together with its successors, the “Custodian”).  Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Account Control Agreement.  In consideration of the transfers and payments described below, the undersigned parties to this Entitlement Order (the “Entitlement Order”) hereby agree as follows:

1.         Reference is hereby made to the Policy Account detailed below, established with the Securities Intermediary pursuant to the Account Control Agreement (the “Policy Account”):

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

2.         The  Borrower  hereby  irrevocably  directs  the  Securities  Intermediary,  against payment therefor of the amounts (if any) detailed in the attached Schedule II, on the specified date, to effectuate a transfer of the Security Entitlements (as defined in Section 8-102(a)(17) of the UCC) carried in the Policy Account with respect to the Financial Assets relating to the Policies identified on Schedule I attached hereto to the [THIRD PARTY] by debiting the Policy Account  and  crediting  the  [THIRD  PARTY]  Account  detailed  below  established  with  the

D-3-1

Securities Intermediary pursuant to the [THIRD PARTY] Agreement (the “[THIRD PARTY] Account”):

Wilmington Trust, National Association
ABA #: Account #: Account Name: Reference:

The  Borrower  hereby  agrees  that,  upon  its  receipt  of  funds  (if  any)  from  [THIRD PARTY] in accordance with the Disbursement Schedule attached hereto as Schedule II, and such concurrent crediting to the account of the [THIRD PARTY] of Security Entitlements relating to the indicated Financial Assets relating to the Policies identified on Schedule I, all parties to this Entitlement Order have satisfied all obligations with respect to the transfers of Financial Assets hereunder.

3.         [THIRD PARTY] hereby directs the Securities Intermediary to hold the Financial Assets transferred into the [THIRD PARTY] Account as contemplated in paragraph 2 above in the [THIRD PARTY] Account until the [THIRD PARTY] delivers an entitlement order to the Securities Intermediary.

[THIRD PARTY] hereby agrees that, upon its disbursement of funds (if any) in accordance with the Disbursement Schedule attached hereto as Schedule II, and such concurrent crediting  to  the  account  of  the  [THIRD  PARTY]  of  Security  Entitlements  relating  to  the indicated Financial Assets relating to the Policies identified on Schedule I, all parties to this Entitlement Order have satisfied all obligations with respect to the transfers of Financial Assets hereunder.

D-3-2

IN WITNESS WHEREOF, the undersigned have caused this Entitlement Order to be executed by their duly authorized officers as of this       day of      , 20    .

WHITE EAGLE ASSET PORTFOLIO, LP, as
Borrower

By:  White Eagle General Partner, LLC, its
General Partner

By: Name: Title:

[THIRD PARTY]

By: Name: Title:

Acknowledged and Accepted:

WILMINGTON TRUST, NATIONAL ASSOCIATION,
not in its individual capacity
but solely as Securities Intermediary

By: Name: Title:

D-3-3

SCHEDULE I

	
							
	Name of Insured
	 
	Policy Number
	 
	Issuing Insurance Company
	 
	Amount of Death Benefit

D-3-4

SCHEDULE II DISBURSEMENT SCHEDULE
[THIRD PARTY] confirms that, pursuant to the [PURCHASE AGREEMENT], it has disbursed the following amounts, in each case on the indicated dates in satisfaction of the Entitlement Order to which this Disbursement Schedule is attached:

D-3-5

EXHIBIT E

LIMITED RECOURSE LANGUAGE

It is expressly understood and agreed by the parties hereto that (i) this [specify name of agreement] is executed by Wilmington Trust, National Association, not in its individual capacity but solely as Securities Intermediary under that certain Second Amended and Restated Securities Account Control and Custodian Agreement dated as of January 31, 2017 (in such capacity, the “Securities Intermediary”), by and among CLMG Corp., as administrative agent, White Eagle Asset Portfolio, LP, as the borrower, and Wilmington Trust, National Association, as Securities Intermediary and custodian (ii) in no event shall Wilmington Trust, National Association, in its individual capacity have any liability for the representations, warranties, covenants, agreements or other obligations of the seller hereunder, as to all of which recourse shall be had solely to the assets of White Eagle Asset Portfolio, LP, (iii) in no event shall the Securities Intermediary have any obligation to perform any of the obligations and covenants of the seller under this [specify name of agreement], and (iv) under no circumstances shall the Securities Intermediary be personally liable for the payment of any indebtedness or expenses of the seller under this [specify name of agreement].

E-1

EXHIBIT F AUTHORIZED REPRESENTATIVES

Wilmington Trust, National Association
300 Park Street, Suite 390
Birmingham, Michigan 48009
Attention: Capital Markets Insurance Services
Facsimile: (248) 723-5424
Telephone: (248) 723-5422
E-mail: SpecializedInsurance@wilmingtontrust.com

		
	Re:
	Second  Amended  and  Restated  Securities  Account  Control  and  Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities    intermediary   (together   with   its   successors,   the   “Securities Intermediary”)  and  Wilmington  Trust,  National  Association,  a  national banking association, as the custodian (together with its successors, the “Custodian”)

Ladies and Gentlemen:

Reference is made to the Agreement.  All capitalized terms used, but not defined, herein shall have the meanings given to such terms in the Agreement.

F-1

Administrative Agent

CLMG Corp., as Administrative Agent, hereby authorizes, for all purposes of the Agreement, Wilmington Trust, National Association, as Securities Intermediary, to rely upon any document, approval, instruction, instrument or notice signed and delivered by any of the following authorized representatives of CLMG Corp., as Administrative Agent:

	
			
	

Name
	

Title
	

Specimen Signature

	 
	 
	 

	 
	 
	 

Very truly yours,

CLMG CORP., as Administrative Agent

By: Name: Title:

F-2

Borrower

White Eagle Asset Portfolio, LP, as the Borrower, hereby authorizes, for all purposes of the Agreement, Wilmington Trust, National Association, as Securities Intermediary, to rely upon any document, approval, instruction, instrument or notice signed and delivered by any of the following authorized representatives of White Eagle Asset Portfolio, LP, as the Borrower:

	
			
	

Name
	

Title
	

Specimen Signature

	 
	 
	 

	 
	 
	 

Very truly yours,

WHITE EAGLE ASSET PORTFOLIO, LP, as
Borrower

By:  White Eagle General Partner, LLC, its General
Partner

By: Name: Title:

F-3

Servicer

MLF LexServ, L.P., as Servicer, hereby authorizes, for all purposes of the Agreement, Wilmington Trust, National Association, as Securities Intermediary, to rely upon any document, approval, instruction, instrument or notice signed and delivered by any of the following authorized representatives of MLF LexServ, L.P., as Servicer:

	
			
	

Name
	

Title
	

Specimen Signature

	 
	 
	 

	 
	 
	 

Very truly yours,

MLF LEXSERV, L.P., as Servicer

By: Name: Title:

F-4

Portfolio Manager

Lamington Road Bermuda Ltd., as Portfolio Manager, hereby authorizes, for all purposes of the Agreement, Wilmington Trust, National Association, as Securities Intermediary, to rely upon any document, approval, instruction, instrument or notice signed and delivered by any of the following authorized representatives of Lamington Road Bermuda Ltd., as Portfolio Manager:

	
			
	

Name
	

Title
	

Specimen Signature

	 
	 
	 

	 
	 
	 

Very truly yours,

LAMINGTON ROAD BERMUDA LTD., as Portfolio
Manager

By: Name: Title:

F-5

EXHIBIT G RESERVED

G-1

EXHIBIT H

FORM OF CUSTODIAL PACKAGE RELEASE INSTRUCTION

     , 20     

Wilmington Trust, National Association
[    ]
Facsimile: [        ] Telephone: [         ] Email: [    ]

		
	Re:
	Second  Amended  and  Restated  Securities  Account  Control  and  Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities    intermediary   (together   with   its   successors,   the   “Securities Intermediary”)  and  Wilmington  Trust,  National  Association,  a  national banking association, as the custodian (together with its successors, the “Custodian”)

Ladies and Gentlemen:

Reference is made to the Agreement.  All capitalized terms used, but not defined, herein shall have the meanings given to such terms in the Agreement.

In connection with the Custodial Packages held by you as Custodian under the Agreement, the Borrower hereby authorizes and directs the Custodian to release the Custodial Package(s) described below to [insert address] using the following courier and account [insert name of courier and account number to charge]:

Insured’s Name: Policy Number: Insurer:

Reason for Release:

H-1

WHITE EAGLE ASSET PORTFOLIO, LP

By:  White Eagle General Partner, LLC, its General
Partner

Name: Title:

[Acknowledged and Accepted:

CLMG CORP.

By: Name:
Title:]1

1 For insertion prior to the Termination Date.
H-2

EXHIBIT I-1

FORM OF CUSTODIAN’S POLICY RECEIPT LETTER

[DATE]

VIA EMAIL

White Eagle Asset Portfolio, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: whiteeagle@lamington.ie

With a copy to: COreilly@emergentcapital.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Re:    [POLICY NUMBER; INSURED’S LAST NAME] Ladies and Gentlemen:
Reference is hereby made to the Second Amended and Restated Securities Account
Control and Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary (together with its successors,  the  “Securities  Intermediary”)  and  Wilmington  Trust,  National  Association,  a national banking association, as the custodian (together with its successors, the “Custodian”). Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.

The Custodian hereby confirms to the Borrower and the Administrative Agent that, except for the Policies expressly listed in the attached schedule of exceptions, the Custodian has
I-1-1

received from or on behalf of the Borrower what appears or purports to be an original or a copy of each Policy set forth on Schedule I to the Agreement (other than each Policy set forth on Schedule VII to the Agreement), a copy of which is annexed hereto.

It is expressly understood and agreed by the recipients hereof that this notice is subject to the terms of the Agreement and the rights, protections and limitations on liability conferred on the Custodian therein.

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian

By: Name: Title:

I-1-2

EXHIBIT I-2

FORM OF CUSTODIAN’S CUSTODIAL PACKAGE INDEX RECEIPT LETTER

[DATE] VIA EMAIL
White Eagle Asset Portfolio, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: whiteeagle@lamington.ie

With a copy to: COreilly@emergentcapital.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Re:    [POLICY NUMBER; INSURED’S LAST NAME] Ladies and Gentlemen:
Reference is hereby made to the Second Amended and Restated Securities Account
Control and Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary (together with its successors,  the  “Securities  Intermediary”)  and  Wilmington  Trust,  National  Association,  a national banking association, as the custodian (together with its successors, the “Custodian”). Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.

The Custodian hereby confirms to the Borrower and the Administrative Agent that, except for the items expressly listed in the attached schedule of exceptions, the Custodian has received from or on behalf of the Borrower, documents that match the names of, or otherwise
I-2-1

purport to be, all of the documents listed for each Policy referenced in the Custodial Package
Index dated      , 20    , a copy of which is annexed hereto.

It is expressly understood and agreed by the recipients hereof that this notice is subject to the terms of the Agreement and the rights, protections and limitations on liability conferred on the Custodian therein.

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian

By: Name: Title:

I-2-2

EXHIBIT I-3

FORM OF CUSTODIAN’S POLICY DELIVERY EXCEPTION POLICY RECEIPT LETTER

[DATE] VIA EMAIL
White Eagle Asset Portfolio, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: whiteeagle@lamington.ie

With a copy to: COreilly@emergentcapital.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Re:    [POLICY NUMBER; INSURED’S LAST NAME] Ladies and Gentlemen:
Reference is hereby made to the Second Amended and Restated Securities Account
Control and Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary (together with its successors,  the  “Securities  Intermediary”)  and  Wilmington  Trust,  National  Association,  a national banking association, as the custodian (together with its successors, the “Custodian”). Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.
I-3-1

The Custodian hereby confirms to the Borrower and the Administrative Agent that the Custodian has received from or on behalf of the Borrower what appears or purports to be an original or a copy of a Policy set forth on Schedule VII to the Agreement, a copy of which is annexed hereto.

It is expressly understood and agreed by the recipients hereof that this notice is subject to the terms of the Agreement and the rights, protections and limitations on liability conferred on the Custodian therein.

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian

By: Name: Title:

I-3-2

EXHIBIT J

RESERVED

J-1

EXHIBIT K

RESERVED

K-1

EXHIBIT L-1

FORM OF POLICY CERTIFICATION (FOR EACH ADVANCE DATE OTHER THAN THE ADVANCE DATE FOR THE INITIAL ADVANCE)

[DATE] VIA EMAIL
White Eagle Asset Portfolio, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: whiteeagle@lamington.ie

With a copy to: COreilly@emergentcapital.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary (together with its successors,  the  “Securities  Intermediary”)  and  Wilmington  Trust,  National  Association,  a national banking association, as the custodian (together with its successors, the “Custodian”). Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.

The Securities Intermediary is delivering this notice pursuant to Section 2.5 of the Agreement.  Set forth on Schedule I is a list identifying each Policy which has been credited to the Policy Account.  Set forth on Schedule II is a list identifying each Policy for which the Securities Intermediary has received an Acknowledgement.  Set forth on Schedule III is a list identifying each Policy for which the Securities Intermediary has previously delivered a fully
L-1-1

executed copy of the related collateral assignment, naming the Administrative Agent as collateral assignee, to the related Issuing Insurance Company.  Set forth on Schedule IV is a list identifying each Policy for which the Securities Intermediary has received written confirmation from the Insurance Consultant that the Insurance Consultant has confirmed that each Issuing Insurance Company has orally acknowledged to the Insurance Consultant that it has accepted third-party authorization forms that name the Insurance Consultant as an authorized party to request information from the related Issuing Insurance Company.  Set forth on Schedule V is a list identifying each Policy for which the Securities Intermediary has received a purportedly completed Change Form and which has been executed by the Securities Intermediary in blank.

L-1-2

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Securities Intermediary

By: Name: Title:

L-1-3

SCHEDULE I

L-1-4

SCHEDULE II

L-1-5

SCHEDULE III

L-1-6

SCHEDULE IV

L-1-7

SCHEDULE V

L-1-8

EXHIBIT L-2

FORM OF POLICY CERTIFICATION (FOR THE ADVANCE DATE FOR THE INITIAL ADVANCE)

[DATE] VIA EMAIL
White Eagle Asset Portfolio, LLC
701 Park of Commerce Blvd., Suite 301
Boca Raton, FL 33487
Attention: General Counsel
Facsimile: 561-995-4207
Telephone: 561-995-4206
Email: maltschuler@imperial.com

White Eagle Asset Portfolio, LLC
701 Park of Commerce Blvd., Suite 301
Boca Raton, FL 33487
Attention: Michael Vale
Facsimile: 866-726-7185
Telephone: 561-995-4264
Email: servicing@imperial.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Ladies and Gentlemen:

Reference is hereby made to the Securities Account Control and Custodian Agreement, dated as of April 29, 2013 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LLC, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association,  as  the  securities  intermediary  (together  with  its  successors,  the  “Securities

L-2-1

Intermediary”) and Wilmington Trust, National Association, a national banking association, as the custodian (together with its successors, the “Custodian”).  Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.

The Securities Intermediary is delivering this notice pursuant to Section 2.5 of the Agreement.  Set forth on Schedule I is a list identifying each Policy which has been credited to the Policy Account.  Set forth on Schedule II is a list identifying each Policy for which the Securities Intermediary has received an Acknowledgement.  Set forth on Schedule III is a list identifying each Policy for which the Securities Intermediary has previously delivered a fully executed copy of the related collateral assignment, naming the Administrative Agent as collateral assignee, to the related Issuing Insurance Company.  Set forth on Schedule IV is a list identifying each Policy for which the Securities Intermediary has received written confirmation from the Insurance Consultant that the Insurance Consultant has confirmed that each Issuing Insurance Company has orally acknowledged to the Insurance Consultant that it has accepted third-party authorization forms that name the Insurance Consultant as an authorized party to request information from the related Issuing Insurance Company.

L-2-2

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Securities Intermediary

By: Name: Title:

L-2-3

SCHEDULE I

L-2-4

SCHEDULE II

L-2-5

SCHEDULE III

L-2-6

SCHEDULE IV

L-2-7

EXHIBIT L-3

FORM OF CHANGE FORM CERTIFICATION (FOR THE INITIAL ADVANCE)

[DATE] VIA EMAIL
White Eagle Asset Portfolio, LLC
701 Park of Commerce Blvd., Suite 301
Boca Raton, FL 33487
Attention: General Counsel
Facsimile: 561-995-4207
Telephone: 561-995-4206
Email: maltschuler@imperial.com

White Eagle Asset Portfolio, LLC
701 Park of Commerce Blvd., Suite 301
Boca Raton, FL 33487
Attention: Michael Vale
Facsimile: 866-726-7185
Telephone: 561-995-4264
Email: servicing@imperial.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Ladies and Gentlemen:

Reference is hereby made to the Securities Account Control and Custodian Agreement, dated as of April 29, 2013 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LLC, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary (together with its successors, the “Securities Intermediary”) and Wilmington Trust, National Association, a national banking association, as
L-3-1

the custodian (together with its successors, the “Custodian”).   Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.

The Securities Intermediary is delivering this notice pursuant to Section 2.5 of the Agreement.  Set forth on Schedule I is a list identifying each Policy for which the Securities Intermediary has received a purportedly completed Change Form and which has been executed by the Securities Intermediary in blank.

L-3-2

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Securities Intermediary

By: Name: Title:

L-3-3

SCHEDULE I

L-3-4

EXHIBIT M

FORM OF CUSTODIAL PACKAGE INDEX

M-1

EXHIBIT M

FORM OF CUSTODIAL PACKAGE INDEX FOR TERTIARY FILE

Dated:    , 201     

TOP PORTION TO BE COMPLETED BY OR ON BEHALF OF BORROWER PRIOR TO DELIVERY TO CUSTODIAN

Insured Name – Policy number 

Issuing Insurance Company –

Name of Current Policy Owner  - Wilmington Trust, N.A., as Securities Intermediary

Seller Name – [Insured/Not Insured]   If Seller was not Insured, Seller was: [Individual/Trust/Limited Partnership/Corporation/LLC.]
Was Policy issued as a result of a conversion of a prior existing Policy?  - [Yes/No.] Is original Policy included, or has original been lost and a duplicate copy included?
[Original/Duplicate]
	
		
	No.
	Document

	1.
	Purchase and Sale Agreement or bill of sale or assignment that on its face refers to (i) a  Master Purchase and
Sale Agreement or (ii) an origination agreement

	2.
	Unless such Policy is set forth on Schedule XII to the Securities Account Control and Custodial Agreement,
(i) each of (a) Authorization for Disclosure of Protected Health Information and (b) Death Certificate
Authorization or (ii) Power of Attorney and Medical Records Release

	3.
	Unless such Policy is set forth on Schedule XIII to the Securities Account Control and Custodial Agreement,
Life Settlement Contract or  premium finance loan, financing or security agreement

	4.
	Unless such Policy is set forth on Schedule XIV to the Securities Account Control and Custodial Agreement,
Insured’s ID (one of the following: driver’s license, passport, military ID, State ID card)

	5.
	Unless such Policy is set forth on Schedule XV to the Securities Account Control and Custodial Agreement,
if designated by Borrower above that seller was not the Insured and that seller was an individual, copy of seller’s ID (one of the following: driver’s license, passport, military ID, State ID card) , or if designated by Borrower above that seller was a trust, and the trustee was an individual, copy of trustee’s ID (one of the following: driver’s license, Social Security card, passport, military ID, State ID card), and if designated by Borrower above that seller was (1) a trust, a Trust Agreement, (2) a limited partnership, a limited partnership agreement, (3) a corporation, bylaws, or (4) an LLC, a limited liability company agreement or operating agreement

	6.
	Unless such Policy is set forth on Schedule XIX to the Securities Account Control and Custodial Agreement,
what appears to be an original Policy or, if designated by Borrower above that the original is lost, a duplicate copy of the Policy

	7.
	Unless such Policy is set forth on Schedule XVI to the Securities Account Control and Custodial Agreement,
Insured’s application for life insurance policy included with the Policy

2

	
		
	No.
	Document

	8.
	Entitlement order that refers to the transfer of the Policy to the Current Policy Owner and , unless such Policy
is set forth on Schedule XVII to the Securities Account Control and Custodial Agreement, Change Forms reflecting the transfer of the Policy to the Current Policy Owner

	9.
	Unless such Policy is set forth on Schedule XVIII to the Securities Account Control and Custodial
Agreement, Contacts For the Insured

	10.
	If the Borrower has designated above that Policy was issued as a result of a conversion of a prior existing
Policy, a statement in the form of a confirming document or rider from the Issuing Insurance Company or a written summary of a recorded verification of coverage call purporting to reflect such conversion and purporting to confirm that the contestability and suicide periods for such Policy have expired

	11.
	Policy Illustration, and unless such Policy is set forth on Schedule I or Schedule II, and Schedule III to the
Securities Account Control and Custodial Agreement, such Policy Illustration is not dated more than three hundred sixty-five (365) days prior to the date of receipt by the Securities Intermediary

	12.
	Unless such Policy is set forth on Schedule XX to the Securities Account Control and Custodial Agreement,
Annual Policy Statement

	13.
	Social Security confirmation for Insured (any one of a SS card, Medicare, Driver’s License, Accurint, TLO,
LexisNexis or similar search or copy of purported tax return or other documentation from the Social Security
Administration showing the Social Security number)

	14.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule V to the Securities Account
Control and Custodial Agreement, a Letter of Competency, Physician’s Statement for Insured, Physician’s Letter of Competency Regarding Insured or other document with similar title regarding insured’s competency or state of mind.

	15.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule VI to the Securities Account
Control and Custodial Agreement, Spousal Consent/Release

3

EXHIBIT M

FORM OF CUSTODIAL PACKAGE INDEX FOR LIFE SETTLEMENT FILE (ONLY IF SUCH FILE WAS ORIGINATED BY IMPERIAL LIFE SETTLEMENTS, LLC)

Dated:    , 201     

TOP PORTION TO BE COMPLETED BY OR ON BEHALF OF BORROWER PRIOR TO DELIVERY TO CUSTODIAN
Insured Name – Policy number -

Issuing Insurance Company –

Name of Current Policy Owner  - Wilmington Trust, N.A., as Securities Intermediary

Seller Name – [Insured/Not Insured]   If Seller was not Insured, Seller was: [Individual/Trust/Limited Partnership/Corporation/LLC.] [if Trust, was Trustee an individual - Yes/No]
Was Policy issued as a result of a conversion of a prior existing Policy?  - [Yes/No.] Retained Death Benefit Transaction?  [Yes/No.]
Is Original Policy included, or has original been lost and a duplicate copy included? [Original/Duplicate]

	
		
	No.
	Document

	1.
	Unless such Policy is set forth on Schedule XXI to the Securities Account Control and Custodial Agreement,
Life/Viatical Settlement Application

	2.
	Power of Attorney for Medical Records Release and Death Certificate Authorization

	3.
	Life/Viatical Settlement Purchase and Sale Agreement (including Designation Side Letter for Retained Death
Benefit transactions, if designated by Borrower above that this is a Retained Death Benefit Transaction)

	4.
	Insured’s ID (one of the following: driver’s license, Social Security card, passport, military ID, State ID
card)

	5.
	If designated by Borrower above that seller was not the Insured and that seller was an individual, copy of
seller’s ID (one of the following: driver’s license, passport, military ID, State ID card) , or if designated by Borrower above that seller was a trust, and the trustee was an individual, copy of trustee’s ID (one of the following: driver’s license, Social Security card, passport, military ID, State ID card), and if designated by Borrower above that seller was (1) a trust, a Trust Agreement, (2) a limited partnership, a limited partnership agreement, (3) a corporation, bylaws, or (4) an LLC, a limited liability company agreement or operating agreement

	6.
	What appears to be an original Policy or, if designated by Borrower above that original is lost, a duplicate

4

	
		
	No.
	Document

	 
	copy of the Policy

	7.
	Beneficiary’s Consent to Change Beneficiary/Beneficiary Release of Policy

	8.
	Insured’s application for life insurance policy included with the Policy

	9.
	Change Forms and entitlement order that refer to the transfer of the Policy to the Current Policy Owner

	10.
	Change Forms that refer to the transfer of the Policy to Imperial Life Settlements, LLC, Bank of Utah, as
securities intermediary , Wilmington Trust, as securities intermediary or Wells Fargo, as securities intermediary.

	11.
	Designees of Insured

	12.
	If the Borrower has designated above that Policy was issued as a result of a conversion of a prior existing
Policy, a statement in the form of a confirming document or rider from the Issuing Insurance Company purporting to reflect such conversion and purporting to confirm that the contestability and suicide periods for such Policy have expired

	13.
	Policy Illustration, and unless such Policy is set forth on Schedule I or Schedule II, and Schedule III to the
Securities Account Control and Custodial Agreement, such Policy Illustration is not dated more than three hundred sixty-five (365) days prior to the date of receipt by the Securities Intermediary

	14.
	Annual Policy Statement

	15.
	W-9 for the Seller

	16.
	Social Security confirmation for Insured (any one of a SS card, Medicare card, Driver’s License, Accurint,
TLO, LexisNexis or similar search or copy of a purported tax return or other documentation from the Social
Security Administration showing the Social Security number)

	17.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule X to the Securities Account
Control and Custodial Agreement, Physician’s Statement

	18.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule XI to the Securities Account
Control and Custodial Agreement, Spousal Consent/Release

5

EXHIBIT M

FORM OF CUSTODIAL PACKAGE INDEX FOR PREMIUM FINANCE FILE (ONLY IF ORIGINALLY FINANCED BY IMPERIAL PREMIUM FINANCE, LLC)

Dated:    , 201     

TOP PORTION TO BE COMPLETED BY OR ON BEHALF OF BORROWER PRIOR TO DELIVERY TO CUSTODIAN
Insured Name – Policy number-

Issuing Insurance Company –

Name of Current Policy Owner  - Wilmington Trust, N.A., as Securities Intermediary

Seller Name – [Insured/Not Insured]   If Seller was not Insured, Seller was: [Individual/Trust/Limited Partnership/Corporation/LLC.] [if Trust, was Trustee an individual - Yes/No]
Was Policy issued as a result of a conversion of a prior existing Policy?  - [Yes/No.] Is Original Policy included, or has original been lost and a duplicate copy included?
[Original/Duplicate]

	
		
	No.
	Document

	1.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule XXII to the Securities Account
Control and Custodial Agreement, Application and Loan Agreement

	2.
	Authorization for Disclosure of Protected Health Information

	3.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule VIII to the Securities Account
Control and Custodial Agreement, Death Certificate Authorization

	4.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule XIV to the Securities Account
Control and Custodial Agreement, Insured’s ID (one of the following: driver’s license, Social Security card, passport, military ID, State ID card)

	5.
	If designated by Borrower above that seller was not the Insured and that seller was an individual, copy of
seller’s ID (one of the following: driver’s license, passport, military ID, State ID card) , or if designated by Borrower above that seller was a trust, and the trustee was an individual, copy of trustee’s ID (one of the following: driver’s license, Social Security card, passport, military ID, State ID card), and if designated by Borrower above that seller was (1) a trust, a Trust Agreement, (2) a limited partnership, a limited partnership agreement, (3) a corporation, bylaws, or (4) an LLC, a limited liability company agreement or operating agreement

	6.
	What appears to be an original Policy or, if designated by Borrower above that original is lost, a duplicate
copy of the Policy

6

	
		
	No.
	Document

	7.
	If Policy is set forth on Schedule IV to the Securities Account Control and Custodial Agreement, Beneficiary
Pledge Agreement or Security Agreement

	8.
	Insured’s application for life insurance policy included with the Policy

	9.
	Change Forms and entitlement order relating to the transfer of the Policy to the Current Policy Owner

	10.
	Change Forms that refer to a transfer of the Policy to one of: (i) Imperial PFC Financing, LLC, (ii) Imperial
PFC Financing II, LLC, (iii) Imperial Life Financing, LLC, (iv) Imperial Life Financing II, LLC, (v) PSC Financial, LLC, (vi) OLIPP I, LLC, (vii) CTL Holdings, LLC, (viii) US Bank National Association, as Securities Intermediary, (ix) Bank of Utah, as Securities Intermediary, (x) Wilmington Trust, National Association, as Securities Intermediary or (xi) Wells Fargo Bank, National Association, as Securities Intermediary.

	11.
	If the Borrower has designated above that Policy was issued as a result of a conversion of a prior existing
Policy, a statement in the form of a confirming document or rider from the Issuing Insurance Company purporting to reflect such conversion and purporting to confirm that the contestability and suicide periods for such Policy have expired

	12.
	Policy Illustration, and unless such Policy is set forth on Schedule I or Schedule II, and Schedule III to the
Securities Account Control and Custodial Agreement, such Policy Illustration is not dated more than three hundred sixty-five (365) days prior to the date of receipt by the Securities Intermediary

	13.
	Annual Policy Statement

	14.
	Unless such Policy is set forth on Schedule I or Schedule II, and Schedule IX to the Securities Account
Control and Custodial Agreement, W-9 for the Seller

	15.
	Social Security confirmation for Insured (any one of a SS card, Medicare card, Driver’s License, Accurint,
TLO, LexisNexis or similar search or copy of purported tax return or other documentation from the Social
Security Administration showing the Social Security number)

7

EXHIBIT N

FORM OF CUSTODIAL PACKAGE RECEIPT

[DATE]

VIA EMAIL

White Eagle Asset Portfolio, LP
c/o AMS Limited
The Continental Building
25 Church Street
PO Box Hm265
Hamilton HMAX Bermuda
Email: whiteeagle@lamington.ie

With a copy to: COreilly@emergentcapital.com

CLMG Corp.
7195 Dallas Parkway
Plano, TX  75024
Attention:  James Erwin
Facsimile: 469-467-3433
Telephone: 469-467-5414
Email: jerwin@clmgcorp.com

Ladies and Gentlemen:

Reference is hereby made to the Second Amended and Restated Securities Account Control and Custodian Agreement, dated as of January 31, 2017 (the “Agreement”), by and among CLMG Corp., as administrative agent (in such capacity, the “Administrative Agent”), White Eagle Asset Portfolio, LP, as the borrower (the “Borrower”), Wilmington Trust, National Association, a national banking association, as the securities intermediary (together with its successors,  the  “Securities  Intermediary”)  and  Wilmington  Trust,  National  Association,  a national banking association, as the custodian (together with its successors, the “Custodian”). Capitalized terms used, but not defined herein, shall have the meanings assigned to them in the Agreement.

The Custodian is delivering this notice pursuant to Section 7(b)(ii) of the Agreement.  Set forth on Schedule I is a list identifying each Policy for which the Custodian has accepted delivery of the related purported Custodial Package.

It is expressly understood and agreed by the recipients hereof that this notice is subject to the terms of the Agreement and the rights, protections and limitations on liability conferred on the Custodian therein.

N-1

Very truly yours,

WILMINGTON TRUST, NATIONAL ASSOCIATION, not in its individual capacity but solely as Custodian

By:                                                                  
Name:                                                              
Title:                                                               

N-2

SCHEDULE I

INITIAL ADVANCE POLICIES

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	

Insured Last Name
	Insured First Name
	

Policy #
	

Insurance Company
	

Death Benefit

	[*]
	[*]
	[*]
	[*]
	$2,700,000.00

	[*]
	[*]
	[*]
	[*]
	$5,900,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,401,393.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$775,000.00

	[*]
	[*]
	[*]
	[*]
	$7,583,333.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,900,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,800,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,100,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,100,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
	
					
	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,758,713.00

	[*]
	[*]
	[*]
	[*]
	$4,200,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,200,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,173,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,300,220.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,200,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$15,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,128,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,900,000.00

	[*]
	[*]
	[*]
	[*]
	$7,784,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$830,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,200,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,600,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,412,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,731,402.00

	[*]
	[*]
	[*]
	[*]
	$7,038,880.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,875,000.00

	[*]
	[*]
	[*]
	[*]
	$4,875,000.00

	[*]
	[*]
	[*]
	[*]
	$2,250,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$4,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,040,000.00

	[*]
	[*]
	[*]
	[*]
	$9,500,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,600,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$9,700,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,400,000.00

	[*]
	[*]
	[*]
	[*]
	$4,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$3,250,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,800,000.00

	[*]
	[*]
	[*]
	[*]
	$14,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,300,000.00

	[*]
	[*]
	[*]
	[*]
	$1,955,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$835,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,250,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,200,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,100,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$9,800,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,250,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,200,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,172,500.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$777,350.00

	[*]
	[*]
	[*]
	[*]
	$1,200,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,882,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,750,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,700,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,300,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$947,100.00

	[*]
	[*]
	[*]
	[*]
	$3,750,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,800,000.00

	[*]
	[*]
	[*]
	[*]
	$2,025,000.00

	[*]
	[*]
	[*]
	[*]
	$6,500,000.00

	[*]
	[*]
	[*]
	[*]
	$6,500,000.00

	[*]
	[*]
	[*]
	[*]
	$6,500,000.00

	[*]
	[*]
	[*]
	[*]
	$9,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,750,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,379,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,480,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$20,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$15,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$3,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,800,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,600,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,500,000.00

	[*]
	[*]
	[*]
	[*]
	$6,500,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$826,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$3,125,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$7,850,000.00

	[*]
	[*]
	[*]
	[*]
	$500,000.00

	[*]
	[*]
	[*]
	[*]
	$500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,342,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,405,000.00

	[*]
	[*]
	[*]
	[*]
	$6,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$4,850,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,200,000.00

	[*]
	[*]
	[*]
	[*]
	$3,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$1,000,000.00

	[*]
	[*]
	[*]
	[*]
	$7,000,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
					
	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,345,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$10,000,000.00

	[*]
	[*]
	[*]
	[*]
	$8,000,000.00

	[*]
	[*]
	[*]
	[*]
	$4,000,000.00

	[*]
	[*]
	[*]
	[*]
	$5,000,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

	[*]
	[*]
	[*]
	[*]
	$2,500,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.
Schedule II 
Additional Advance Policies
	
						
	Name
	Policy
Number
	Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	

	$2,000,000
	

	[*]
	[*]
	[*]
	

	$11,400,000
	

	[*]
	[*]
	[*]
	

	$1,000,000
	

	[*]
	[*]
	[*]
	

	$3,000,000
	

	[*]
	[*]
	[*]
	

	$5,000,000
	

	[*]
	[*]
	[*]
	

	$2,770,000
	

	[*]
	[*]
	[*]
	

	$1,700,000
	

	[*]
	[*]
	[*]
	

	$1,000,000
	

	[*]
	[*]
	[*]
	

	$2,000,000
	

	[*]
	[*]
	[*]
	

	$10,000,000
	

	[*]
	[*]
	[*]
	

	$3,000,000
	

	[*]
	[*]
	[*]
	

	$3,000,000
	

	[*]
	[*]
	[*]
	

	$7,583,333
	

	[*]
	[*]
	[*]
	

	$8,000,000
	

	[*]
	[*]
	[*]
	

	$1,800,000
	

	[*]
	[*]
	[*]
	

	$3,000,000
	

	[*]
	[*]
	[*]
	

	$8,000,000
	

	[*]
	[*]
	[*]
	

	$8,500,000
	

	[*]
	[*]
	[*]
	

	$3,000,000
	

	[*]
	[*]
	[*]
	

	$5,000,000
	

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$4,800,000

	[*]
	[*]
	[*]
	$4,300,000

	[*]
	[*]
	[*]
	$9,000,000

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$945,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$959,700

	[*]
	[*]
	[*]
	$1,257,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$13,950,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,589,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$735,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$900,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$220,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$17,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$690,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,300,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,548,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,399,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,034,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$1,180,000

	[*]
	[*]
	[*]
	$295,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,300,000

	[*]
	[*]
	[*]
	$1,150,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,250,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$4,505,000

	[*]
	[*]
	[*]
	$630,700

	[*]
	[*]
	[*]
	$630,000

	[*]
	[*]
	[*]
	$7,000,000

	[*]
	[*]
	[*]
	$7,140,000

	[*]
	[*]
	[*]
	$3,450,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$1,850,000

	[*]
	[*]
	[*]
	$1,200,000

	[*]
	[*]
	[*]
	$1,100,000

	[*]
	[*]
	[*]
	$3,500,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$2,600,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,255,000

	[*]
	[*]
	[*]
	$5,800,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,140,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$863,000

	[*]
	[*]
	[*]
	$892,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,990,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$7,339,026

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$850,000

	[*]
	[*]
	[*]
	$2,500,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$840,000

	[*]
	[*]
	[*]
	$500,000

	[*]
	[*]
	[*]
	$10,950,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$6,650,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,585,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$2,538,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,250,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,180,826

	[*]
	[*]
	[*]
	$1,478,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$2,400,000

	[*]
	[*]
	[*]
	$675,000

	[*]
	[*]
	[*]
	$15,000,000

	[*]
	[*]
	[*]
	$2,855,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,100,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,345,000

	[*]
	[*]
	[*]
	$1,030,179

SCHEDULE III

POLICY ILLUSTRATIONS OLDER THAN 365 DAYS

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule III

Policy Illustrations Older than 365 Days

	
				
	

Name
	

Policy
Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$8,990,000

	[*]
	[*]
	[*]
	$1,478,000

SCHEDULE IV

BENEFICIARY PLEDGE OR SECURITY AGREEMENT POLICIES

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule IV (Beneficiary Pledge Agreement or Security Agreement)
	
				
	Last Name
	First name
	Policy #
	Beneficiary Pledge
Agreement or Security
Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	

[*]
	

[*]
	

[*]
	Security
Agreement/Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Security Agreement

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	Beneficiary Pledge

	[*]
	[*]
	[*]
	Security Agreement

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

	[*]
	[*]
	[*]
	N/A

SCHEDULE V

LETTER OF COMPETENCY EXCEPTION POLICIES

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	

Insured
	

Insurance Carrier
	

Policy Number
	Letter of Competency - Insured

	[*]
	[*]
	[*]
	

No

	[*]
	[*]
	[*]
	

No

	

[*]
	

[*]
	

[*]
	

No

	[*]
	[*]
	[*]
	

No

	

[*]
	

[*]
	

[*]
	

No

SCHEDULE VI

SPOUSAL CONSENT POLICIES (TERTIARY FILES)

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule VI

Spousal Consent Exception Policies

	
				
	

Name
	

Policy Number
	

Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$9,000,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$13,950,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$690,000

	[*]
	[*]
	[*]
	$2,300,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,250,000

	[*]
	[*]
	[*]
	$7,000,000

	[*]
	[*]
	[*]
	$1,200,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$7,339,026

	[*]
	[*]
	[*]
	$850,000

	[*]
	[*]
	[*]
	$10,950,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,180,826

	[*]
	[*]
	[*]
	$2,400,000

	[*]
	[*]
	[*]
	$675,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,030,179

SCHEDULE VII

RESERVED

SCHEDULE VIII

DEATH CERTIFICATE AUTHORIZATION EXCEPTION POLICIES

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule VIII

Death Certificate Authorization Exception Policies

	
				
	

Name
	

Policy Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,180,826

SCHEDULE IX

SELLER W-9 EXCEPTION POLICY

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

W-9 Exception - Premium Finance File - SACCA Exhibit M
	
			
	Last Name
	First Name
	Policy #

	[*]
	[*]
	[*]

Schedule X

Physician’s Statement Exception Policies

(N/A)

SCHEDULE XI

SPOUSAL CONSENT/RELEASE EXCEPTION POLICIES (LIFE SETTLEMENT FILES)

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XI

Spousal Consent/Release Exception Policies (ILS)

	
				
	

Name
	Policy
Number
	

Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$690,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$1,180,000

	[*]
	[*]
	[*]
	$295,000

	[*]
	[*]
	[*]
	$500,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XII

HIPAA and DCA or POA w/ MRR

	
				
	

Name
	

Policy
Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,180,826

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XIII

Life Settlement Contract or Premium Finance Loan Agreement Exception Policies

	
				
	

Name
	

Policy
Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XIV

Insured’s ID Exception Policies

	
				
	

Name
	Policy
Number
	

Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$900,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XV

Seller’s ID

	
				
	

Name
	

Policy
Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,250,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XVI

Insured’s Application Exception Policies

	
				
	

Name
	

Policy
Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$220,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XVII

Change Form Exception Policies

	
				
	

Name
	

Policy Number
	

Carrier
	Net
Death
Benefit

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,300,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,250,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$6,650,000

	[*]
	[*]
	[*]
	$5,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XVIII

Contacts for the Insured Exception Policies

	
				
	

Name
	Policy
Number
	

Carrier
	

Net Death Benefit

	[*]
	[*]
	[*]
	$6,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XIX

Original Policy or Duplicate Exception Policies

	
				
	[*]
	[*]
	[*]
	$500,000.00

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XX

Annual Policy Statement Exception Policies

	
				
	

Name
	Policy
Number
	

Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$11,400,000

	[*]
	[*]
	[*]
	$735,000

	[*]
	[*]
	[*]
	$17,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$15,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XXI

Life Settlement Application Exception Policies

	
				
	

Name
	Policy
Number
	

Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$295,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XXII

Application and Loan Agreement Exception Policies (Imperial Premium Finance)

	
				
	

Name
	Policy
Number
	

Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$1,700,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

Schedule XXIII Red Falcon Policies
	
				
	Name
	Policy
Number
	Carrier
	Net Death
Benefit

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$11,400,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,770,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$4,800,000

	[*]
	[*]
	[*]
	$4,300,000

	[*]
	[*]
	[*]
	$9,000,000

	[*]
	[*]
	[*]
	$1,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$10,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$945,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$959,700

	[*]
	[*]
	[*]
	$1,257,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$13,950,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,589,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,997,090

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,039,615

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$735,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$220,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$750,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$17,700,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$2,100,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,300,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,125,000

	[*]
	[*]
	[*]
	$5,548,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,800,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,399,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$1,034,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$590,000

	[*]
	[*]
	[*]
	$1,180,000

	[*]
	[*]
	[*]
	$295,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,300,000

	[*]
	[*]
	[*]
	$1,150,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$1,250,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$4,505,000

	[*]
	[*]
	[*]
	$630,700

	[*]
	[*]
	[*]
	$630,000

	[*]
	[*]
	[*]
	$7,000,000

	[*]
	[*]
	[*]
	$7,140,000

	[*]
	[*]
	[*]
	$3,450,000

	[*]
	[*]
	[*]
	$2,000,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$1,850,000

	[*]
	[*]
	[*]
	$1,200,000

	[*]
	[*]
	[*]
	$1,100,000

	[*]
	[*]
	[*]
	$2,500,000

	[*]
	[*]
	[*]
	$1,255,000

	[*]
	[*]
	[*]
	$5,800,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,140,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$863,000

	[*]
	[*]
	[*]
	$892,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$6,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$8,990,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$7,339,026

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$850,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$840,000

	[*]
	[*]
	[*]
	$500,000

	[*]
	[*]
	[*]
	$10,950,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$6,650,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$1,585,000

	[*]
	[*]
	[*]
	$4,000,000

	[*]
	[*]
	[*]
	$8,000,000

	[*]
	[*]
	[*]
	$2,538,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$2,250,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$10,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$1,600,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,000,000

	[*]
	[*]
	[*]
	$5,000,000

	[*]
	[*]
	[*]
	$3,180,826

	[*]
	[*]
	[*]
	$1,478,000

	[*]
	[*]
	[*]
	$1,500,000

	[*]
	[*]
	[*]
	$2,400,000

[*] = CERTAIN CONFIDENTIAL INFORMATION CONTAINED IN THIS DOCUMENT, MARKED BY BRACKETS, HAS BEEN OMITTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION.

	
				
	[*]
	[*]
	[*]
	$675,000

	[*]
	[*]
	[*]
	$15,000,000

	[*]
	[*]
	[*]
	$2,855,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$3,100,000

	[*]
	[*]
	[*]
	$1,000,000

	[*]
	[*]
	[*]
	$2,345,000

	[*]
	[*]
	[*]
	$1,030,179

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00268-of-00352.parquet"}]]