Document:

Exhibit

 
CERTAIN CONFIDENTIAL INFORMATION IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.

FIRST AMENDMENT TO OFFICE LEASE 
THIS FIRST AMENDMENT TO OFFICE LEASE (this "Amendment") is made and entered into as of the 25th day of March, 2019 (the "Effective Date"), by and between COP-Spectrum Center, LLC ("Landlord"), as landlord, and Elevate Credit, Inc., a Delaware corporation ("Tenant"), as tenant.

W I T N E S S E T H:

A.      Landlord and Tenant executed that certain Office Lease, dated as of January 24, 2018 (the "Lease"), covering approximately 52,588 rentable square feet (the "Existing Premises") in an office building located at 5080 Spectrum Drive, Addison, Texas, known as "Spectrum Center". 

B.    Landlord and Tenant now desire to amend the Lease to expand the Existing Premises by an additional 6,772 rentable square feet of space situated on the 3rd floor of the Building. 

C.    Terms defined in the Lease, when used herein, shall have the same meanings as are ascribed to them in the Lease, except as otherwise defined herein.

AGREEMENT

NOW, THEREFORE, for and in consideration of the mutual covenants and agreements herein contained and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged and confessed by the respective parties hereto, Landlord and Tenant do hereby agree as follows:

		
	1.
	3rd Floor Expansion Premises.  Landlord and Tenant hereby agree that Tenant shall lease approximately 6,772 rentable square feet of space situated in Suite 300E on the 3rd Floor of the Building (the "3rd Floor Expansion Premises"), effective as of the 3rd Floor Expansion Premises Commencement Date (as hereinafter defined). The 3rd Floor Expansion Premises shall be and become a part of the Existing Premises for all purposes under the Lease, and the 3rd Floor Expansion Premises shall be as described on Exhibit B attached hereto and made a part hereof for all purposes, which Exhibit B attached hereto shall be deemed inserted into the Lease as part of Exhibit B currently attached to the Lease.  From and after the 3rd Floor Expansion Premises Commencement Date, the Premises shall consist of the Existing Premises and the 3rd Floor Expansion Premises, and the Premises Rentable Area shall be deemed to consist of approximately 59,360 square feet after the expansion to include the 3rd Floor Expansion Premises. 

		
	2.
	Tenant's Share. Effective as of the 3rd Floor Expansion Premises Commencement Date, Section 8(i) of the Basic Lease Information (the "BLI") shall be hereby supplemented to provide that Tenant's Share with respect to the 3rd Floor Expansion Premises shall be 1.10%, and Tenant's Share for the entire Premises shall be 9.67%. 

		
	3.
	Lease Term.  Landlord and Tenant hereby agree that Landlord shall lease to Tenant, and Tenant shall lease from Landlord, the 3rd Floor Expansion Premises, commencing on June 1, 2019 (such date herein referred to as the "3rd Floor Expansion Premises Commencement Date") and ending on June 30, 2026, unless otherwise terminated earlier pursuant to the terms of the Lease.  

		
	4.
	Basic Rent.  Commencing on the 3rd Floor Expansion Premises Commencement Date and ending on June 30, 2026, Landlord and Tenant hereby agree that Section 5 of the BLI shall be supplemented to provide that the Basic Rent payable with respect the 3rd Floor Expansion Premises shall be as follows: 

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	Rental
Period
	Annual Rate per 
Square Foot of 
Premises Rentable Area*
	Basic 
Monthly 
Rent*

	 
	 
	 

	6/1/2019 - 10/31/2019
	$[***]*
	$[***]*

	11/1/2019 - 4/30/2020
	$[***]**
	$[***]**

	5/1/2020 - 5/31/2020
	$[***]
	$[***]

	6/1/2020 - 5/31/2021 
	$[***]
	$[***]

	6/1/2021 - 5/31/2022
	$[***]
	$[***]

	6/1/2022 - 5/31/2023
	$[***]
	$[***]

	6/1/2023 - 5/31/2024
	$[***]
	$[***]

	6/1/2024 - 5/31/2025
	$[***]
	$[***]

	6/1/2025 - 6/30/2026
	$[***]
	$[***]

* Notwithstanding anything to the contrary, Tenant shall only be obligated to pay Tenant’s Share of Electrical Expenses with respect to the 3rd Floor Expansion Premises from the 3rd Floor Expansion Premises Commencement Date until the expiration of the fifth (5th) month following the 3rd Floor Expansion Premises Commencement Date. Commencing on the first (1st) day of the sixth (6th) month following the 3rd Floor Expansion Premises Commencement Date, Tenant shall be obligated to pay, in addition to Basic Rent for the 3rd Floor Expansion Premises, Additional Rent (including Tenant's Share of Operating Expenses and Tenant's Share of Electrical Expenses) and all other sums due and payable by Tenant under the Lease, subject to the terms and conditions as described below.

** Tenant shall not be obligated to pay any Basic Rent or Additional Rent with respect to 1,772 rentable square feet of the 3rd Floor Expansion Premises during the period from the 3rd Floor Expansion Premises Commencement Date until the expiration of the twelfth (12th) month following the 3rd Floor Expansion Premises Commencement Date. Commencing on the first (1st) day of the thirteenth (13th) month following the 3rd Floor Expansion Premises Commencement Date, Tenant shall be obligated to pay Basic Rent, Additional Rent and all other sums due and payable by Tenant under the Lease for the entire 3rd Floor Expansion Premises.
 
		
	5.
	Additional Rent.  Commencing on the Effective Date, Landlord and Tenant hereby agree that Section 6 of the BLI shall be supplemented to read as follows:

"Estimated Additional Rent per Square Foot of the Premises Rentable Area for 2019 Calendar Year: $[***]/RSF plus Electrical Expenses: $1.39/RSF"

		
	6.
	Cap on Operating Expenses.  Landlord and Tenant hereby agree that certain Operating Expenses for the 3rd Floor Expansion Premises shall be capped at six percent (6%) per year on a cumulative basis, compounded annually, pursuant to the terms of Rider 1 attached to this Amendment.

		
	7.
	Security Deposit.  The current amount of the "Security Deposit" under the Lease is $[***]. Commencing on the Effective Date, Landlord and Tenant hereby agree that the Security Deposit referenced in Section 13 of the BLI shall be increased to be $[***]. The additional Security Deposit for the 3rd Floor Expansion Premises in the amount of $[***] is due and payable by Tenant to Landlord concurrently with the execution of this Amendment. 

		
	8.
	Notwithstanding anything to the contrary provided herein, Article 3, Security Deposit, of the Lease shall be amended to read as follows:

“If a Security Deposit is specified in the Basic Lease Information, Tenant will pay Landlord on the Date of Lease such Security Deposit as security for the performance of the terms hereof by Tenant.  Tenant shall not be entitled to interest thereon and Landlord may commingle such Security Deposit with any other funds of Landlord.  The Security Deposit shall not be considered an advance payment of rental or a measure of Landlord's damages in case of default by Tenant.  If a default by Tenant shall occur under this Lease, Landlord may, but shall not be required to, from time to time, without prejudice to any other remedy, use, apply or retain all or any part of this Security Deposit for the payment of any Rent or 

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any other sum in default or to compensate Landlord for any other loss or damage which Landlord may suffer by reason of Tenant's default, including, without limitation, costs and attorneys' fees incurred by Landlord to recover possession of the Premises.  If Landlord shall use, apply or retain all or any part of the Security Deposit as provided for above, Tenant shall restore the Security Deposit to the amount set forth in the Basic Lease Information within thirty (30) days after receipt of written notice from Landlord.  If Tenant performs every material provision of this Lease to be performed by it, including an end of Term walk through with the Landlord, the Security Deposit shall be returned to Tenant within thirty (30) days after the Expiration Date.  Notwithstanding anything to the contrary contained herein, provided no default by Tenant under this Lease then-exists as of the expiration of the sixty-ninth (69th) month of the Term, the uncured monetary amount of the Security Deposit shall be reduced by $[***], such that the total amount of the Security Deposit shall thereafter be $[***].  Likewise, upon the expiration of the eighty-first (81st) month of the Term, provided no default by Tenant under this Lease then-exists, the then outstanding amount of the Security Deposit shall be further reduced by $[***], such that the total amount of the Security Deposit shall thereafter be $[***].” 

		
	9.
	Parking.  Pursuant to Section 16 of the BLI and Exhibit F attached to the Lease, effective as of the 3rd Floor Expansion Premises Commencement Date, Landlord shall provide Tenant with four (4) parking spaces for every 1,000 rentable square feet of the 3rd Floor Expansion Premises, for a total of twenty-eight (28) additional parking spaces for the 3rd Floor Expansion Premises. Pursuant to the Lease, Tenant shall pay Landlord the Parking Rent at a rate of $0.00 per month, plus applicable taxes, for any unreserved garage parking space and $75.00 per month plus taxes for each reserved parking space, otherwise subject to the terms of the Lease.  Tenant may designate three (3) of these additional parking spaces to be a reserved parking space.   Subject to availability, Tenant shall have access to an additional 1.25/1000 spaces on a month-to-month basis, for a total of 5.25 per 1,000 rentable square feet.

		
	10.
	Tenant's Improvements.  Landlord shall, at Landlord’s cost and expense (except as provided below), remodel and perform refurbishments (the “Space Work”) in the 3rd Floor Expansion Premises on a “turn-key” basis in accordance with the terms of Exhibit C attached hereto and made a part hereof for all purposes.  Landlord will provide an allowance of $45.00 per square foot of 3rd Floor Expansion Premises for the performance of Tenant's Improvements (as defined in Exhibit C).  In the event Tenant utilizes less than the Finish Allowance, Tenant shall be entitled to utilize up to $7.00/RSF towards hard and soft costs, including architecture, design, construction, engineering and professional fees, moving expenses, and voice and data cabling. Tenant shall have the right to use any remaining unused Finish Allowance up to $3.00/RSF as a rental credit. Any unused portion of the Finish Allowance must be utilized within the first twelve (12) months of the Lease. Except as set forth in this Section 8 and in Exhibit C attached hereto, Landlord shall have no obligation to construct or pay for any improvements to the 3rd Floor Expansion Premises.

		
	11.
	Early Access.  Tenant shall have the right to enter upon the 3rd Floor Expansion Premises ten (10) days prior to the date Landlord delivers the 3rd Floor Expansion Premises to Tenant for the installation of Tenant's furniture, fixtures and equipment, provided that such early entry shall be subject to all of the terms and conditions of the Lease other than the obligation to pay Rent with respect to the 3rd Floor Expansion Premises.

		
	12.
	Right of First Refusal.  Subject to existing rights, Landlord and Tenant hereby agree that Tenant shall have an ongoing right of first refusal with respect to certain space in the Building, as set forth in Rider 2 attached to this Amendment.  

		
	13.
	Renewal Option.  Landlord and Tenant hereby agree that Tenant shall continue to have the right to renew or extend the Term of the Lease for two (2) additional periods of five (5) years each with no less than nine (9) months prior written notice to Landlord pursuant to, and in accordance with, the terms of Rider 2 attached to the Lease.  

		
	14.
	Signage.  Landlord agrees, at its cost, to install Building Standard suite entry signage for the 3rd Floor Expansion Premises and to update the building directory to reflect Tenant’s expansion into the 3rd Floor Expansion Premises. 

		
	15.
	Termination Option.  Landlord and Tenant hereby agree that Tenant shall continue to have the right to terminate the Lease pursuant to, and in accordance with, the terms of Rider 4 attached to the Lease.

		
	16.
	Ratification of Lease Agreement.  Tenant hereby represents and certifies to Landlord that, to the best of Tenant’s current, actual knowledge, all obligations and conditions under the Lease have been performed to date by Landlord or Tenant, as applicable, and have been satisfied free of defenses and setoffs, including construction work in the Existing Premises.  All other terms and conditions of the Lease are hereby ratified and confirmed to the extent not inconsistent with the terms set forth in this Amendment, and such terms and conditions shall be and remain in full force and effect.  

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	17.
	Counterparts.  This Amendment may be executed in any number of counterparts, any one of which shall constitute an original and all of which, when taken together, shall constitute one and the same instrument. 

		
	18.
	Successors and Assigns.  This Amendment shall be binding upon, and shall inure to the benefit of Landlord and Tenant and their respective successors and assigns.    

		
	19.
	Governing Law.  This Amendment shall be governed by and construed in accordance with the laws of the State of Texas.        

[SIGNATURE PAGE TO FOLLOW]

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EXECUTED as of the date first written herein above.

LANDLORD: 

COP-Spectrum Center, LLC

By:  Granite Properties, Inc., its Manager
                        
By:     /s/ Robert Jimenez                    

Name: Robert Jimenez                       
                         
Title: Director of Leasing - Dallas                        

TENANT:
        
Elevate Credit, Inc., 
a Delaware corporation    
    

By:    /s/ Kenneth E. Rees
    
Name:     Kenneth E. Rees
    
Title:     CEO

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EXHIBIT B

3RD FLOOR EXPANSION PREMISES FLOOR PLAN

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EXHIBIT C

WORK LETTER

1.    Plans.

		
	1.1
	Approved Plans. Landlord and Tenant have agreed to the Space Plan per Interprise drawing #SPECTRUM_3E-010819, dated January 8, 2019, attached hereto as Schedule C-1 and made a part hereof by this reference.  Such drawings and specifications are herein called the "Construction Plans" and all improvements required by the Construction Plans are herein called "Tenant's Improvements" utilizing building standard materials and installation methods as reasonably determined by Landlord.  Landlord, at Landlord’s expense, shall provide, one (1) test and revision for Tenant.

		
	1.2
	Changes to Approved Plans. If any redrawing or re-drafting of the Construction Plans is necessitated by Tenant's requested changes (all of which shall be subject to Landlord's approval, which shall be unreasonably withheld), the expense of any such re-drawing or redrafting required in connection therewith and the expense of any work and improvements necessitated by such re-drawing or redrafting will be paid by Tenant as additional rent under this Lease; provided, however, Landlord, at Landlord’s expense, shall provide, one (1) test and revision for Tenant.

		
	1.3
	Coordination of Planners and Designers. If Tenant shall arrange for interior design services, whether with Landlord's space planner or any other planner or designer, it shall be Tenant's responsibility to cause necessary coordination of its agents' efforts with Landlord's agents to ensure that no delays are caused to either the planning or construction of the Tenant's Improvements.

2.    Construction and Costs of Tenant's Improvements. Landlord agrees to construct Tenant's Improvements at Landlord's cost and expense substantially in accordance with the Construction Plans.  Tenant shall bear the cost of any work and improvements required by any changes approved pursuant to Section 1.2 above or any non-standard items.  Tenant shall be responsible for the installation and all cost associated with Tenant’s telecommunication equipment.  

3.    Delays. Delays in the completion of construction of Tenant's Improvements or in obtaining a certificate of occupancy, if required by the applicable governmental authority, caused by Tenant, Tenant's Contractors (hereinafter defined) or any person, firm or corporation employed by Tenant or Tenant's Contractors shall constitute "Tenant Delays". In the event that Tenant's Improvements are not Substantially Complete by the Commencement Date referenced in Section 9 of the Basic Office Lease Information, then the Commencement Date referenced in Section 9 of the Basic Office Lease Information shall be amended to be the Adjusted Substantial Completion Date (hereinafter defined) and the Expiration Date referenced in Section 10 of the Basic Office Lease Information shall be adjusted forward by the same number of days as is the Commencement Date, so that the term of the Lease will be the term set forth in Section 8 of the Basic Office Lease Information. The Adjusted Substantial Completion Date shall be the date Tenant's Improvements are Substantially Complete, adjusted backward, however, by one day for each day of Tenant Delays, if any. The foregoing adjustments in the Commencement Date and the Expiration Date shall be Tenant's sole and exclusive remedy in the event Tenant's Improvements are not Substantially Complete by the initial Commencement Date set forth in Section 9 of the Basic Office Lease Information.

4.    Substantial Completion and Punch List.  The terms "Substantial Completion" and "Substantially Complete" as applicable, shall mean when Tenant's Improvements are sufficiently completed in accordance with the Construction Plans so that Tenant can reasonably use the Premises for the Permitted Use (as described in Section 11 of the Basic Office Lease Information). When Landlord considers Tenant's Improvements to be Substantially Complete, Landlord will notify Tenant and within two (2) business days thereafter, Landlord's representative and Tenant's representative shall conduct a walk-through of the Premises and identify any necessary touch-up work repairs and minor completion items as are necessary for final completion of Tenant's Improvements. Neither Landlord's representative nor Tenant's representative shall unreasonably withhold his agreement on punch list items. Landlord will use reasonable efforts to cause the contractor to complete all punch list items within thirty (30) days after agreement thereon.

5.    Tenant's Contractors. If Tenant should desire to enter the Premises or authorize its agent to do so prior to the Commencement Date of the Lease, to perform approved work not requested of the Landlord, Landlord shall permit such 

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entry if:

		
	(a)
	Landlord shall obtain at least three (3) competitive bids for the performance of Tenant's Improvements.  Tenant may submit for Landlord’s consideration one (1) proposed contractor to be included among the contractors invited to submit bids, provided such contractor proposed by Tenant complies with Landlord’s insurance requirements. Tenant shall use only such contractors which Landlord shall approve in its reasonable discretion and Landlord shall have approved the plans to be utilized by Tenant, which approval will not be unreasonably withheld; and

		
	(b)
	Tenant, its contractors, workmen, mechanics, engineers, space planners or such others as may enter the Premises (collectively, "Tenant's Contractors"), shall work in harmony with and do not in any way disturb or interfere with Landlord's space planners, architects, engineers, contractors, workmen, mechanics or other agents or independent contractors in the performance of their work (collectively, "Landlord's Contractors"), it being understood and agreed that if entry of Tenant or Tenant's Contractors would cause, has caused or is causing a material disturbance to Landlord or Landlord's Contractors, then Landlord may, with notice, refuse admittance to Tenant or Tenant's Contractors causing such disturbance; and

		
	(c)
	Tenant, Tenant's Contractors and other agents shall provide Landlord sufficient evidence that each is covered under Worker's Compensation, and Commercial General Liability Insurance of $[***]per occurrence for Tenant’s Contractors which are involved in the actual construction of improvements or the installation of fixtures within the Premises or Worker's Compensation and Commercial General Liability Insurance of $[***] per occurrence for Tenant’s Contractors which are involved in the installation of furnishings and equipment, including, without limitation, cabling, carpeting, and window treatments, in the Premises, together with such property insurance as Landlord may reasonably request for its protection.  General Liability Insurance shall include coverage for ongoing and completed construction.  Tenant’s Contractors will name Landlord, Landlord's partners, the wholly-owned affiliates of Landlord's partners, and Property Manager as additional insureds on commercial general liability and property insurance policies. All liability policies will be primary and non-contributory and contain waivers of subrogation in favor of Landlord. Workers Compensation policy shall contain a waiver of subrogation in favor of Landlord.

Landlord shall not be liable for any injury, loss or damage to any of Tenant's installations or decorations made prior to the Commencement Date and not installed by Landlord.  Tenant shall indemnify and hold harmless Landlord and Landlord's Contractors from and against any and all costs, expenses, claims, liabilities and causes of action arising out of or in connection with work performed in the Premises by or on behalf of Tenant (but excluding work performed by Landlord or Landlord's Contractors). Landlord is not responsible for the function and maintenance of Tenant's Improvements which are different than Landlord's standard improvements at the Property or improvements, equipment, cabinets or fixtures not installed by Landlord. Such entry by Tenant and Tenant's Contractors pursuant to this Section 5 shall be deemed to be under all of the terms, covenants, provisions and conditions of the Lease except the covenant to pay Rent.

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6.    Construction Representatives. Landlord's and Tenant's representatives for coordination of construction and approval of change orders will be as follows, provided that either party may change its representative upon written notice to the other:

LANDLORD'S REPRESENTATIVE:

NAME        Jim Barron                          
ADDRESS    5601 Granite Parkway, Suite 1200          
Plano, Texas 75024        
PHONE         972-731-2300                
FAX         972-731-2336                           

TENANT'S REPRESENTATIVE:

NAME                                                   
PHONE                                                       
FAX                        

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SCHEDULE C-1

CONSTRUCTION PLANS

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RIDER 1

CAP ON OPERATING EXPENSES

For the purpose of determining Additional Rent, Operating Expenses (exclusive of the Non-Capped Operating Expenses, as hereinafter defined) for any calendar year shall not be increased over the amount of Operating Expenses (exclusive of Non-Capped Operating Expenses) during the calendar year in which the 3rd Floor Expansion Premises Commencement Date occurs by more than six percent (6%) per year on a cumulative basis, compounded annually. It is understood and agreed that there shall be no cap on Non-Capped Operating Expenses, which are hereby defined to mean all Utility Expenses, Real Estate Taxes and Insurance Premiums.

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RIDER 2

TENANT'S ON-GOING RIGHT OF FIRST REFUSAL

		
	A.
	Prior to leasing any of the area described on Schedule A attached to this Rider ("Right of First Refusal Space" or "Refusal Space"), Landlord shall deliver to Tenant a written statement ("Statement") which shall reflect Landlord's and the prospective tenant's agreement with respect to square footage, rent, term, finish allowances, tenant inducements, parking and the description of the applicable Right of First Refusal Space.  Tenant shall have seven (7) business days after receipt of the Statement within which to notify Landlord in writing that it desires to lease the applicable Right of First Refusal Space upon the terms and conditions contained in the Statement.  Failure by Tenant to notify Landlord within such seven (7) business day period shall be deemed an election by Tenant not to lease the applicable Right of First Refusal Space and Landlord shall have the right to lease such space to the proposed tenant upon substantially the same terms and conditions contained in the Statement.  Should Tenant not elect to lease the applicable Right of First Refusal Space and Landlord fails to lease the applicable Right of First Refusal Space to the prospective tenant upon the terms and conditions contained in the Statement, the right of first refusal shall revert to Tenant and Tenant's rights under this Rider 2 shall remain in effect.

		
	B.
	Tenant's rights are conditioned upon Tenant not being in default under this Lease beyond the expiration of any applicable notice and cure period and subject to any rights or options that may exist in favor of other tenants.  Any subletting or assignment of one half (1/2) or more of the Premises Rentable Area, other than to an affiliate of Tenant, shall terminate Tenant's rights contained herein.

		
	C.
	If Tenant exercises Tenant's option to lease the Right of First Refusal Space, Tenant and Landlord will enter into a mutually acceptable amendment to this Lease upon the business terms and conditions contained in the Statement  (except as otherwise provided above).  If Tenant elects not to exercise such option or the time for exercising such option expires, Tenant's rights under this Rider shall be null and void and of no further force or effect.  

		
	D.
	Notwithstanding any provision or inference in this Rider to the contrary, the Right of First Refusal shall expire and be of no further force or effect on the earlier of (i) the expiration or earlier termination of the initial term of this Lease, or (ii) an uncured monetary default by Tenant under this Lease.  

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SCHEDULE A
RIGHT OF FIRST REFUSAL SPACE

CERTAIN CONFIDENTIAL INFORMATION IN THIS DOCUMENT, MARKED BY [***], HAS BEEN OMITTED BECAUSE IT IS NOT MATERIAL AND WOULD LIKELY CAUSE COMPETITIVE HARM TO THE REGISTRANT IF PUBLICLY DISCLOSED.Exhibit

AMENDMENT TO AMENDED AND RESTATED 
SPECIAL LIMITED AGENCY AGREEMENT

THIS AMENDMENT TO AMENDED AND RESTATED SPECIAL LIMITED AGENCY AGREEMENT, dated as of April 1, 2019 (this “Amendment”), is between  FIRST FINANCIAL LOAN COMPANY LLC, a Delaware limited liability company (“Lender”) and RISE CREDIT SERVICE OF TEXAS, LLC, a Delaware limited liability company (“CSO”).  

RECITALS

WHEREAS, reference is made to that certain AMENDED AND RESTATED SPECIAL LIMITED AGENCY AGREEMENT (the “Agreement”) between Lender and CSO dated September 29, 2017;
WHEREAS, the parties hereto desire to amend the Agreement as described herein;
NOW, THEREFORE, in consideration of the mutual conditions and agreements set forth in the Agreement and this Amendment, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto hereby agree as follows: 
		
	1.
	Defined Terms.  For all purposes of this Amendment, unless the context otherwise requires, all capitalized terms used herein and not otherwise defined shall have the respective meanings attributed to them in the Agreement.

		
	2.
	Amendments to the Agreement.

Effective as of April 1, 2019 (the “Effective Date”): 
Section 11 c. of the Agreement is hereby amended and restated in its entirety as follows:
c.Pledge of Credit Support for Credit Enhancement.  CSO shall pledge and does hereby pledge to Lender that amount of cash and/or CSO Entitlements having a value equal to some certain percentage of the total amount of principal of all Loans outstanding from time to time as collateral for CSO’s obligations under its Credit Enhancement. The percentages agreed upon by the parties are set forth herein based upon the amount of Loans outstanding, and such percentages shall be modified only upon the mutual agreement of both parties.  So long as Lender’s portfolio is zero dollars ($0.00) to five million dollars ($5,000,000.00), CSO’s pledge shall be [***]. If the Lender’s portfolio is five million and one dollars ($5,000,001.00) to ten million dollars ($10,000,000.00), CSO’s pledge shall be [***].  If the Lender’s portfolio is ten million and one dollars ($10,000,001.00) to fifteen million dollars ($15,000,000.00), CSO’s pledge shall be [***].  If the Lender’s portfolio is fifteen million and one dollars ($15,000,001.00) to twenty million dollars ($20,000,000.00), CSO’s pledge shall be [***].  If the Lender’s portfolio is greater than twenty million dollars ($20,000,000.00) CSO’s pledge shall be [***].  The percentages set forth herein shall be applied for each tranche of the Lender’s portfolio in accordance with the size of the portfolio.  By way of example, if the Lender’s portfolio is twelve million five hundred thousand dollars ($12,500,000.00), CSO’s pledge shall be [***] for the first five million dollars ($5,000,000.00) and [***] for the next five million dollars ($5,000,000.00) and [***] for the next two million five hundred thousand dollars ($2,500,000.00).

Such pledge shall be in form and substance reasonably acceptable to Lender.  The term “CSO Entitlements” means any of the following: (i) all cash received in respect of the repayment of Loans that is payable to CSO by Lender but attributable to or designated as reserves retained by Lender and owed to CSO from all or a portion of the CSO Fees accrued and earned by CSO from the Loans, (ii) all rights of CSO to payment from Lender that are attributable to or designated as reserves retained 

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by Lender and owed to CSO from all or a portion of the CSO Fees accrued and earned by CSO from the Loans, (iii) all other rights to payment, receivables or accounts owed by Lender to CSO under this Agreement, and (iv) all other accounts and general intangibles of CSO, if any, pledged by CSO in favor of Lender that have been identified by CSO and accepted by Lender as collateral pursuant to this Section 11.c. for CSO’s obligations under its Credit Enhancement.  On a weekly basis, CSO and Lender shall determine whether the amounts pledged to or held by Lender pursuant to this Section 11.c. shall equal the amount required above.  In the event of any shortfall, CSO shall promptly pledge to Lender additional cash or CSO Entitlements in an aggregate amount equal to such shortfall.  In the event of any excess and provided that CSO is not in default under any Credit Enhancement or in default under Section 18 hereof, Lender shall promptly release cash in an aggregate amount equal to such excess.  In order for Lender to have and maintain a first priority perfected security interest in the CSO Entitlements pledged to Lender pursuant to this section, CSO hereby authorizes Lender to file UCC financing statements and amendments with such governmental offices and in such jurisdictions as Lender may deem appropriate from time to time to perfect and maintain its security interests herein granted in such CSO Entitlements.  CSO hereby further agrees to undertake all actions and do all things as requested by Lender from time to time in order to perfect, protect or otherwise preserve the security interest herein granted to Lender in such CSO Entitlements.  To the extent that CSO pledges to Lender any cash pursuant to this section, then in connection with the pledge of such cash, CSO shall deposit such cash into a bank account as Lender may direct CSO in writing, which account shall be owned and subject to the exclusive control by Lender.  In lieu of the pledge required hereby, CSO may provide Lender with a letter of credit issued by a third party or other security having a value equal to the amount of CSO Entitlements to be pledged reasonably acceptable to Lender.  
Section 17. of the Agreement is hereby amended and restated in its entirety as follows:
Term.  The term of this Agreement shall be for a period of TWO (2) years commencing as of the Effective Date of this Amendment; provided, however, that either party may terminate this Agreement prior to the expiration of its term pursuant to the provisions of this Section 17 and Section 18 below.  For the avoidance of doubt, the term shall run two years from April 1, 2019. This Agreement shall be renewed automatically for successive one-year terms unless the party not wishing to renew provides the other party with at least SIXTY (60) days advance written notice of non-renewal.  Each party hereto shall have the right to terminate this Agreement immediately upon written notice to the other party hereto, if (a) the terminating party determines in its reasonable discretion that the activities of the parties under this Agreement, the Loan Program or the CSO Program are illegal under, prohibited by or not permitted under any of the Rules; (b) any Regulatory Authority having jurisdiction over the Program, CSO or Lender requires the terminating party to terminate this Agreement; (c) the terminating party determines in its reasonable discretion that continued operation of the Loan Program or the CSO Program may materially adversely affect the ongoing operations of the terminating party or those of the terminating party’s affiliates; and in the event of a termination of this Agreement pursuant to this clause (c), the terminating party shall provide the other party with a written explanation of the basis for such termination, or (d) the terminating party determines in its reasonable discretion that continued operation of the Loan Program or the CSO Program may materially adversely affect the relationship between the terminating party or any of its affiliates and any Regulatory Authority having jurisdiction over any of them.  In addition, if Lender modifies any Loan term, interest rate, fee, or other charge pursuant to Section 10 above, or if Lender materially modifies any underwriting criteria for the Loans pursuant to Section 10 above, CSO may terminate this Agreement upon THIRTY (30) days prior written notice to Lender if CSO determines in its reasonable discretion that such modification by Lender would render it economically infeasible for CSO to continue to perform its duties and responsibilities hereunder or that such modification would cause any aspect of the Loan Program or the CSO Program to be in violation of any Rules.  Notwithstanding any termination of this Agreement, each party’s respective obligations and covenants hereunder with respect to outstanding Loans and the 

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related CSO Entitlements, Credit Enhancements and Guarantied Obligations shall remain in effect for so long as such Loans remain outstanding.  

		
	3.
	Reference to and Effect on the Agreement.

(a)The Agreement, as amended hereby, and all other documents, instruments and agreements executed and/or delivered in connection therewith, shall remain in full force and effect, and are hereby ratified and confirmed. 
(b)Except as expressly provided herein, the execution, delivery and effectiveness of this Amendment shall not operate as a waiver of any right, power or remedy of any party, nor constitute a waiver of any provision of the Agreement or any other documents, instruments and agreements executed and/or delivered in connection therewith.
4.GOVERNING LAW.  THIS AMENDMENT SHALL BE CREATED UNDER AND GOVERNED BY AND CONSTRUED UNDER THE INTERNAL LAWS OF THE STATE OF TEXAS, WITHOUT REGARD TO ANY OTHERWISE APPLICABLE PRINCIPLES OF CONFLICTS OF LAWS.
5.Counterparts.  This Amendment 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.  Any signature page to this Amendment containing a manual signature may be delivered by facsimile transmission or other electronic communication device capable of transmitting or creating a printable written record, and when so delivered shall have the effect of delivery of an original manually signed signature page.
6.Severability.  The failure or unenforceability of any provision hereof shall not affect the other provisions of this Amendment.  Whenever possible each provision of this Amendment shall be interpreted in such manner as to be effective and valid under applicable law, but if any provision of this Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating the remainder of such provision or the remaining provisions of this Amendment.
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IN WITNESS WHEREOF, this Amendment has been executed by the parties hereto as of the date first above written.
LENDER
First Financial Loan Company LLC
By:    /s/ C. Dan Adams    
Name:  C. Dan Adams
Title:  President and CEO
CSO

Rise Credit Service of Texas, LLC
By:    /s/ Chris Lutes    
Name:  Chris Lutes 
Title:  Chief Financial Officer

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