Document:

Exhibit 4.54

 

	 	Shenyang Rural Commercial Bank
	 	 
	 	 

 

No.: JG2017SHLDAB10039

 

ESCROW ACCOUNT AGREEMENT

 

 

 

     

     

    

 

 

 

     

     

    

 

Table of Contents

 

	Clause 1 Scope of Custody and Escrow Account	1
	 	 
	Clause 2 Term of Custody	2
	 	 
	Clause 3 Mode of Custody	2
	 	 
	Clause 4 Daily Custody over Account	2
	 	 
	Clause 5 Special Escrow Custody over Account	4
	 	 
	Clause 6 Rights and Obligations of the Parties	5
	 	 
	Clause 7 Breach	6
	 	 
	Clause 8 Effectiveness, Modification and Termination	7
	 	 
	Clause 9 Applicable Law and Dispute Settlement	7
	 	 
	Clause 10 Other Matters Agreed on by the Parties	8
	 	 
	Clause 11 Supplementary Provisions	8

 

     

     

    

  

ESCROW ACCOUNT AGREEMENT

 

Party A: Shenyang Rural Commercial Bank
Co., Ltd., Shenhe Sub-branch

 

Party B: ChinaCache Xin Run Technology
(Beijing) Co., Limited 

 

Party B is voluntary
to provide Party A the security for repayments with the revenues listed herein so as to secure the realization of the obligatory
rights under the Loan Contract / Agreement (No.: 2017SHLDAB10039) (hereinafter referred to as the “Master Contract”)
entered into by and between Party A and ChinaCache Xin Run Technology (Beijing) Co., Limited (hereinafter referred to as
the “Obligor”; the Obligor shall be Party B if the Master Contract is executed by Party A and Party B). After having
reached consensus through their equal negotiation, Party A and Party B hereby enter into this Escrow Account Agreement.

 

Clause 1 Scope of Custody and Escrow
Account

 

		1.1	Party
B shall provide item (7) below as the security for the realization by Party A of the obligatory rights under the Master
Contract and place the same under the custody of Party A:

 

		(1)	fee-based
revenues from mobile communication

 

		(2)	fee-based
revenues from water supply / electric power supply / gas supply

 

		(3)	fee-based
revenues from wire television

 

		(4)	fee-based
revenues from heat supply

 

		(5)	housing
mortgage loans, down payments and other sales amounts

 

		(6)	fiscal
revenues: /

 

		(7)	other
revenues: rental-based revenues from the cabinets in such three data centers as #4#9#10 and etc.

 

    	 	1	 

     

    

  

		1.2	Party
B shall open the following account at Party A or a branch under it as the escrow account:

 

Account name: ChinaCache
Xin Run Technology (Beijing) Co., Limited

 

Account number:________________________________________

 

Bank: Shenyang Rural
Commercial Bank Co., Ltd., Shenhe Sub-branch 

 

Clause 2 Term of Custody

 

The term of the custody of Party A shall
commence on December 21st, 2017 and expire on the date on which all debts of the Obligor under the Master Contract
are paid off.

 

Clause 3 Mode of Custody

 

Party B undertakes to accept the custody
of Party A over the account of its revenues in accordance with mode (1) below:

 

		(1)	All
amounts of the revenues under the custody of Party A referred to in Clause 1.1 shall be deposited in the escrow account, and Party
B undertakes to specify in the contracts executed between it and the relevant third parties or receipts of payments that all amounts
shall be directly remitted to such account. If Party A considers necessary, Party B shall provide written commitments of the relevant
third parties for warranting that the amounts payable will be remitted to the escrow account.

 

		(2)	/%of the revenues referred to in Clause 1.1 shall be deposited in the escrow account, and Party B shall, as per the requirement
of Party A, provide written commitments of the relevant third parties for warranting that the amounts payable will be remitted
to the escrow account.

 

Clause 4 Daily Custody over Account

 

		4.1	Party
B authorizes Party A to conduct daily custody over the account, including but not limited to knowing and recording the details
of revenues into and expenditures out of the funds in the escrow account, and restricting the use of the funds in the account
pursuant to this Agreement.

 

    	 	2	 

     

    

  

		4.2	During
                                         the term of this Agreement, the balance in the escrow account shall not be less than
                                         RMB / ten thousand Yuan at any time point from the date on which Party B commences
                                         to receive the revenues referred to in Clause 1.1, and if the relevant revenues are foreign
                                         exchange, they will be converted to RMB at the quotations on the day.

 

		4.3	Party
B shall obtain the consent of Party A if the amount of a single drawing from the escrow account exceeds 5 million Yuan.

 

		4.4	Party
B undertakes that if the balance in the escrow account is less than the minimum balance provided under Clause 4.2, it will timely
take measures to make up the difference. Party A shall be entitled to refuse Party B to draw any amount from such account prior
to the difference being made up.

 

		4.5	During
the term of this Agreement, Party B must warrant that the inflows to the escrow account in / (month / quarter) shall
not be less than / ten thousand Yuan. If the inflows are less than such amount, Party A shall be entitled to decide
to take the measures listed in / (one or more)below:

 

		(1)	to
increase the minimum balance in the escrow account provided under Clause 4.2 from the next / (month / quarter) until
the inflows recover to the amount provided hereunder;

 

		(2)	to
decrease the amount of a single drawing provided under Clause 4.3 from the next / (month / quarter) until the inflows
recover to the amount provided hereunder;

 

		(3)	to
cease to make the loans not drawn by Party B or require Party B to prepay all or a part of loans drawn by Party B, in the event
that Party B is the Obligor.

 

    	 	3	 

     

    

  

Clause 5 Special Custody over Account

 

		5.1	Party
B authorizes Party A to conduct special custody over the escrow account, including but not limited to authorizing Party A to accordingly
freeze and make deductions from the funds in the escrow account after the occurrence of the circumstances provided hereunder.

 

		5.2	If
Party B breaches the provisions for the gathering of revenues or daily management of account herein, or the Obligor conducts a
breach under the Master Contract, Party A shall be entitled to freeze the funds in the escrow account and Party B shall not draw
any amount from the escrow account until the breach is rectified and such rectification is recognized by Party A.

 

		5.3	If
the Obligor fails to deposit the principal or interest of loan payable on the repayment date or interest settlement date or other
amount payable agreed in the contract into the designated account pursuant to the provisions of the Master Contract, Party A shall
be entitled to freeze the funds in the escrow account and deduct from the escrow account the principal or interest of loan or
other amount payable by the Obligor if the Obligor fails to perform or fully perform the relevant obligations when the time limit
expires.

 

		5.4	The
scope of the relevant amounts directly deducted by Party A from the escrow account under Clause 5.3 includes but not limited to:
all principals, interests, default interests and compound interests of loans, liquidated damages, damages, costs arising from
the realization of the master obligatory rights and all other costs payable by the Obligor under the Master Contract, until all
such amounts are paid off.

 

		5.5	The
provisions for the minimum balance in the escrow account under Clause 4.2 shall not constitute any restriction on the deductions
made by Party A for the principals or interest of loans or other amounts pursuant to the provisions under this clause.

 

    	 	4	 

     

    

  

Clause 6 Rights and Obligations of
the Parties

 

		6.1	Without
the written consent of Party A, Party B shall not enter into an escrow account agreement on the revenues provided under Clause
1.1 with any third party other than Party A, unless this Agreement adopts the second mode of custody under Clause 3.

 

		6.2	Party
A shall be entitled to require Party B to assist in protecting the escrow account and the funds therein from the infringement
or possible infringement of any third party, and Party B shall be obligated to notify and assist Party A of and in avoiding the
occurrence of such infringement.

 

		6.3	The
failure or delay of Party A to exercise any right hereunder or partial exercise thereof shall neither constitute the waiver or
modification of such right or any other right, nor affect its further exercise of such right or any other right.

 

		6.4	Party
A shall timely release the daily custody and special custody over the escrow account when all its obligatory rights under the
Master Contract are satisfied.

 

		6.5	Party
B shall timely notify Party A in writing of any following circumstance:

 

		(1)	a
change in the rights to collect fees, prices for fees, term for collecting fees or etc.;

 

		(2)	a
change in the operating system, including but not limited to merger, split, joint-stock transformation and joint venture and cooperation
with foreign investors;

 

		(3)	a
change in the business scope, registered capital or capital contribution, or shareholding structure;

 

		(4)	involvement
in or possible involvement in a material economic dispute, litigation or arbitration, or compulsory enforcement or lawful freezing
of the funds in the escrow account;

 

		(5)	bankruptcy,
closure of business, dissolution or ceasing of business for rectification, or revocation of business license or cancellation of
the registration with the administration for industry and commerce;

 

    	 	5	 

     

    

  

		(6)	a
change in the enterprise name, articles of association, business address, telephone number, legal representative or responsible
person or etc..

 

Party B shall notify Party
A in writing within 10 days after the relevant resolution is adopted if item (2) or (3) above occurs; Party B shall immediately
notify Party A in writing if item (1) or (4) or (5) or(6) above occurs.

 

		6.6	If
Party A and the Obligor reach an agreement on modifying the Master Contract, it is not required to obtain the consent of Party
B and Party B shall continue to observe the provisions hereof, unless such modification involves in the extension of loan or increase
of the amount of loan. If Party B is the Obligor, any modification of the Master Contract shall not affect the performance of
the obligations of Party B hereunder.

 

Clause 7 Breach

 

		7.1	It
shall constitute a breach if any party fails to perform or fails to fully perform any obligation hereunder, or violate any representation,
warranty or commitment made by it hereunder after this Agreement shall become effective. It shall indemnify the losses incurred
by the other party as a result.

 

		7.2	Any
party to which any following circumstance occurs shall assume the additional costs and losses arising therefrom:

 

		(1)	a
failure to make the relevant notice pursuant to the provisions hereof or the content of the notice is not consistent with the
fact;

 

		(2)	a
refusal to, in a normal business day and time, receive the notice made by the other party pursuant to the provisions hereof.

 

		7.3	Party
B shall indemnify all losses incurred by Party A within the scope provided under Clause 5.4 if this Agreement is invalid due to
Party B.

 

    	 	6	 

     

    

  

		7.4	Unless
otherwise provided herein, the other party shall be entitled to adopt other measures stipulated by the relevant laws and regulations
if any party has a breach.

 

Clause 8 Effectiveness, Modification
and Termination

 

		8.1	This
Agreement shall become effective on the execution date and remain valid until the date on which the term of custody expires and
all obligations of Party B hereunder are performed.

 

		8.2	Any
modification of this Agreement shall be made in writing upon the consensus of the parties through negotiation. The modified terms
or agreement shall constitute a part of this Agreement and have the same legal effect as this Agreement. The terms hereof other
than those modified shall remain valid, and the original terms shall remain valid prior to the modified terms becoming effective.

 

		8.3	The
invalidity or unenforceability of any term hereof shall neither affect the validity and enforceability of the remaining terms,
nor affect the effect of the entire agreement.

 

		8.4	The
modification or termination of this Agreement shall not affect the rights of the parties to require to indemnify losses. The termination
of this Agreement shall not affect the effect of the terms hereof regarding dispute settlement.

 

Clause 9 Applicable Law and Dispute
Settlement

 

		9.1	This
Agreement shall be governed by and interpreted in accordance with the law of China (for the purpose hereof, not including Hong
Kong Special Administrative Region, Macao Special Administrative Region and Taiwan region).

 

		9.2	Any
dispute in connection with this Agreement shall be subject to the non-exclusive jurisdiction of the people’ court at the
domicile of Party A.

 

    	 	7	 

     

    

  

Clause 10 Other Matters Agreed on
by the Parties

 

		10.1	Our
bank is authorized to conduct daily custody over the account under Clause 1.2 above hereof, including but not limited to knowing
and recording the details of revenues into and expenditures out of the funds in the escrow account, and restricting the use of
the funds in the account pursuant to this Agreement;

 

		10.2	The
cabinet lease contracts (agreements) executed between the borrower and clients shall expressly specify that: the fund settlement
accounts of the rentals for the cabinets in such three buildings as #4#9#10 shall be the fund escrow accounts opened at our bank;
and they undertake that all revenues received for the cabinets in such three buildings as #4#9#10 shall be deposited in the fund
escrow accounts opened at our bank and accept the closed custody of our bank;

 

		10.3	Our
bank may declare the acceleration of the loans and our bank shall be entitled to require to repay the loans or dispose of the
gage in advance, if there are successive two failures or accumulative three failures of the borrower to repay the principals or
interests of the loans pursuant to the provisions and the borrower evades the custody over funds.

 

Clause 11 Supplementary Provisions

 

		11.1	This
Agreement is made in duplicate of the same legal effect, Party A, Party B and ∕ respectively holding one.

 

		11.2	The
schedules hereto shall be an integral part of this Agreement and have the same legal effect as this Agreement. The schedules hereto
include:

 

Schedule 1:

 

Schedule 2:

 

(the remainder of this page is intentionally
left blank)

 

    	 	8	 

     

    

  

(this page bears no text and is the
signature page)

 

This Agreement is entered into by and
between the following parties on December 21st, 2017. The parties confirm that when entering into this Agreement,
the parties have explained and discussed all terms in detail, the parties have no doubt on all terms of this Agreement and have
accurate and unmistakable understanding of the legal meaning of the relevant rights and obligations of the parties and the terms
of limitation or disclaimer of liabilities.

 

	
        Party A (Official Seal or Contract Seal)

         

        

         

        Responsible Person or Authorized Agent

         

        (Signature or Seal)

         

         

         

        Date: December 21st, 2017

         

        Primary Business Address: No.25 Fengyutan
        Street, Shenhe District, Shenyang

         

        Postcode:

         

        Tel: 13998117132

         

        Fax:

         

        Email:

         

        Contact Person: Zhao Zhe
	 	
        Party B (Official Seal)

         

         

         

        Legal Representative or Authorized Agent

         

        (Signature or Seal)

         

         

         

        Date: December 21st, 2017

         

        Primary Business Address: No.1 Zhuyuan
        Four Street, Shunyi District, Beijing

         

        Postcode:

         

        Tel: 64084466

         

        Fax:

         

        Email:

         

        Contact Person: WANG Song

 

    	 	9Exhibit 4.4

 

Neither this Warrant nor the Class A
Units issuable upon exercise of this Warrant have been registered under the Securities Act of 1933, as amended, and neither this
Warrant nor the Class A Units issuable upon exercise of this Warrant may be transferred except as provided in Section 3 of this
Warrant.

 

WARRANT 

to Purchase Class A Units of

GreenSky Trade Credit, LLC 

Expiring December 31, 2023

 

This Warrant certifies
that QED Investors, LLC, a Delaware limited liability company, or registered assigns (the “Holder”), is entitled
to subscribe for and purchase from GreenSky Trade Credit, LLC, a Georgia limited liability company (the “Company”),
up to 130,464.02 duly authorized Class A Units of the Company, subject to the vesting schedule in Section 7 hereof, at a purchase
price equal to the per Class A Unit (the “Exercise Price”) as will be set based on the 409A valuation as of
December 31, 2013, which is to be completed in January 2014 (final copy of valuation will be attached to this agreement). The Exercise
Price may be adjusted as provided in Section 7.

 

Capitalized terms used
but not defined herein have the meanings assigned thereto in the Third Amended and Restated Operating Agreement of the Company,
dated as of December 31, 2013 (as may be amended from time to time, the “Operating Agreement”).

 

This Warrant is subject to the following provisions,
terms and conditions:

 

Section 1. Exercise of Warrant.

 

To exercise this Warrant
in whole or in part, the Holder shall deliver to the Company at its principal office in Atlanta, Georgia, (a) a written notice,
in substantially the form of the Subscription Notice appearing at the end of this Warrant (the “Subscription Notice”),
of the Holder’s election to exercise this Warrant, which notice shall specify the number of Class A Units to be purchased,
(b) cash or a certified check payable to the Company in an amount equal to the aggregate purchase price of the number of Class
A Units being purchased and (c) this Warrant. The Company shall as promptly as practicable, and in any event within 15 days thereafter,
amend Exhibit C to the Operating Agreement to reflect the issuance of the Class A Units to the Holder and, if the Class A Units
of the Company are then represented by unit certificates, execute and deliver or cause to be executed and delivered, in accordance
with such Subscription Notice, a certificate or certificates representing the aggregate number of Class A Units specified in such
Subscription Notice. Such Class A Units shall be deemed to have been issued, and the Holder or any other person so designated to
be named therein shall be deemed for all purposes to have become a holder of record of such Class A Units, as of the date such
Subscription Notice is received by the Company as aforesaid. If this Warrant shall have been exercised only in part, the Company
shall deliver to the Holder a new Warrant evidencing the rights of the Holder to purchase the remaining Class A Units called for
by this Warrant, which new Warrant shall in all other respects be identical to this Warrant, or, at the request of the Holder,
appropriate notation may be made on this Warrant and the same returned to the Holder. The Company shall pay all expenses, taxes
and other charges payable in connection with the

    	 

    	

    

amendment of Exhibit C to the Operating
Agreement and the preparation, issue and delivery of such unit certificates (if any) and new Warrants (if any), except that, in
case such unit certificates (if any) or new Warrants shall be registered in a name or names other than the name of the Holder,
funds sufficient to pay all transfer taxes that are payable upon the issuance of any such unit certificate or certificates or new
Warrants shall be paid by the Holder at the time of delivering the Subscription Notice.

 

All Class A Units issued
upon the exercise of this Warrant shall be validly issued, fully paid and nonassessable.

 

Notwithstanding any
provisions herein to the contrary, if the fair market value of one Class A Unit is greater than the Exercise Price (at the date
of calculation as set forth below), in lieu of exercising as provided above, the Holder may by surrender of this Warrant at the
principal office of the Company together with the properly endorsed Subscription Notice elect to receive the number of Class A
Units computed using the following formula (the “Net Exercise Formula”):

 

X = Y (A-B)

A

 

	 	Where	 X =	 the number of Class A Units to be issued to the Holder

 

	 	Y =	the number of Class A Units purchasable under the Warrant or, if only a portion of the Warrant is being exercised, that portion
of the Warrant being canceled (at the date of such calculation)

 

	 	A =	the fair market value of one Class A Unit (at the date of such calculation)

 

	 	B =	Exercise Price (as adjusted to the date of such calculation)

 

For purposes of the
above calculation, the fair market value of one Class A Unit shall be determined by the Managers in good faith.

 

To the extent this Warrant
is not previously exercised as to all Class A Units subject to this Warrant, and if the fair market value of one Class A Unit is
greater than the Exercise Price then in effect, this Warrant shall be deemed automatically exercised pursuant to the Net Exercise
Formula above (even if not surrendered) immediately before its termination or expiration. For purposes of such automatic exercise,
the fair market value of one Class A Unit upon such termination or expiration shall be determined by the Managers in good faith.
To the extent this Warrant or any portion thereof is deemed automatically exercised pursuant to this paragraph, the Company agrees
to promptly notify the Holder of the number of Class A Units, if any, the Holder is to receive by reason of such automatic exercise.

 

Section 2. Transfer, Division and Combination.

 

The Company agrees to
maintain at its principal office in Atlanta, Georgia, books for the registration and transfer of this Warrant, and, subject to
the provisions hereof, including Section 3, this Warrant and all rights hereunder are transferable, in whole and not in part, on
such books

    	2

    	

    

at such office, upon surrender of this
Warrant at such office, together with a written assignment of this Warrant, in substantially the form of the Assignment appearing
at the end of this Warrant (the “Assignment”), duly executed by the Holder or its agent or attorney and funds
sufficient to pay any transfer taxes payable upon the making of such transfer. Upon such surrender and payment, the Company shall
execute and deliver a new Warrant or Warrants in the name of the assignee or assignees and in the denominations specified in such
Assignment, and this Warrant shall promptly be canceled. If and when this Warrant is assigned in blank, the Company may (but shall
not be obliged to) treat the bearer hereof as the absolute owner of this Warrant for all purposes, and the Company shall not be
affected by any notice to the contrary. A Warrant may be exercised by a new holder for the purchase of Class A Units without having
a new Warrant issued.

 

This Warrant may be
divided or combined with other Warrants upon presentation hereof at such principal office in Atlanta, Georgia, together with a
written notice specifying the names and denominations in which new Warrants are to be issued, signed by the Holder or his agent
or attorney. Subject to compliance with the preceding paragraph as to any transfer that may be involved in such division or combination,
the Company shall execute and deliver a new Warrant or Warrants in exchange for the Warrant or Warrants to be divided or combined
in accordance with such notice.

 

Section 3. Restrictions on Transfer of Warrants
and Transfer of Class A Units.

 

(a) Restrictions
on Exercise. This Warrant shall be exercisable only (i) under circumstances such that the issue of Class A Units issuable upon
such exercise is exempt from the requirements of registration under the Securities Act of 1933, as amended (or any similar statute
then in effect) (the “1933 Act”) and any applicable state securities law or (ii) upon registration of such Class A
Units in compliance therewith.

 

(b) Restriction
on Transfer of Warrant. The Holder shall not assign or transfer this Warrant, other than by will or the laws of descent and
distribution or, subject to the consent of the Company (which shall not be unreasonably withheld), to Holder’s affiliates.
No right or interest of the Holder or any successor on the Holder’s death in this Warrant shall be subject to any lien or
any obligation or liability of the Holder or any successor on the Holder’s death.

 

(c) Joinder
to Operating Agreement. By accepting this Warrant, the Holder agrees, that upon exercise of this Warrant and prior to receiving
any Class A Units in connection therewith, the Holder shall become a party to (to the extent it is not already a party), and be
bound by (to the extent it is not already bound by), the Operating Agreement.

 

(d) Restriction
on Transfer of Class A Units. The transfer of any Class A Units shall be subject to the terms, conditions and restrictions
set forth in the Operating Agreement.

    	3

    	

    

Section 4. Limitation of Liability; Not a
Member.

 

No provision of this
Warrant shall be construed as conferring upon the Holder the right to vote or to consent or to receive distributions or to receive
notice as a member in respect of meetings of members for the election of managers of the Company or any other matter whatsoever
as a member of the Company. No provision hereof, in the absence of affirmative action by the Holder to purchase Class A Units,
and no mere enumeration herein of the rights or privileges of the Holder, shall give rise to any liability of Holder for any debts
of the Company or as a member of the Company, whether such liability is asserted by the Company, creditors of the Company or others.

 

Section 5. Loss, Destruction, etc. of Warrant.

 

Upon receipt of evidence
satisfactory to the Company of the loss, theft, mutilation or destruction of any Warrant, and in the case of any such loss, theft
or destruction upon delivery of a bond of indemnity in such form and amount as shall be reasonably satisfactory to the Company,
or in the event of such mutilation upon surrender and cancellation of the Warrant, the Company will make and deliver a new Warrant,
of like tenor, in lieu of such lost, stolen, destroyed or mutilated Warrant. Any Warrant issued under the provisions of this Section
5 in lieu of any Warrant alleged to be lost, destroyed or stolen, or of any mutilated Warrant, shall constitute an original contractual
obligation on the part of the Company.

 

Section 6. Exercise and Expiration of Warrant.

 

This Warrant shall become
exercisable in accordance with the vesting schedule below. The expiration time and date of the Warrant shall be 5:00 p.m. (Atlanta,
Georgia time), December 31, 2023.

 

Subject to the earlier
expiration or termination of this Warrant in accordance with its terms, the Class A Units granted under this Warrant will become
vested as follows:

 

(a) This
Warrant will become vested with respect to twenty percent (20%) of the underlying Class A Units on the first (1st) anniversary
of the date hereof, provided the Holder remains a manager of the Company from the date hereof through such first (1st) anniversary.

 

(b) This
Warrant will become vested with respect to an additional twenty percent (20%) of the underlying Class A Units on the second (2nd)
anniversary of the date hereof, provided the Holder remains a manager of the Company from the date hereof through such second (2nd)
anniversary.

 

(c) This
Warrant will become vested with respect to an additional twenty percent (20%) of the underlying Class A Units on the third (3rd)
anniversary of the date hereof, provided the Holder remains a manager of the Company from the date hereof through such third (3rd)
anniversary.

 

(d) This
Warrant will become vested with respect to an additional twenty percent (20%) of the underlying Class A Units on the fourth (4th)
anniversary of the date

    	4

    	

    

hereof, provided the Holder remains
a manager of the Company from the date hereof through such fourth (4th) anniversary.

 

(e) This
Warrant will become vested with respect to the final twenty percent (20%) of the underlying Class A Units on the fifth (5th) anniversary
of the date hereof, provided the Holder remains a manager of the Company from the date hereof through such fifth (5th) anniversary.

 

(f) Notwithstanding
the foregoing, this Warrant will become vested with respect to one hundred percent (100%) of the underlying Class A Units on a
Sale of the Business (as defined in the Operating Agreement), to the extent not previously vested, provided (i) the Holder remains
a manager in the continuous service of the Company from the date hereof until the Sale of the Business or the termination of this
Warrant in connection with the Sale of the Business, or (ii) the Holder is removed from its position as a manager of the Company
without reasonable cause and within six (6) months thereafter there is a Sale of the Business.

 

Section 7. Adjustment of Exercise Price.

 

(a) Adjustment
for Splits and Combinations. If the Company shall at any time or from time to time after the date hereof effect a subdivision
of the outstanding Class A Units (by split or otherwise), the Exercise Price in effect immediately before that subdivision shall
be proportionately decreased so that the number of Class A Units issuable upon exercise of this Warrant shall be increased in proportion
to such increase in the aggregate number of Class A Units outstanding. If the Company shall at any time or from time to time after
the date hereof combine the outstanding Class A Units, the Exercise Price in effect immediately before the combination shall be
proportionately increased so that the number of Class A Units issuable on exercise of this Warrant shall be decreased in proportion
to such decrease in the aggregate number of Class A Units outstanding. Any adjustment under this Section 7(a) shall become effective
at the close of business on the date the subdivision or combination becomes effective.

 

(b) Adjustment
for Reclassification, Exchange and Substitution. If the Class A Units issuable upon exercise of this Warrant shall be changed
into the same or a different number of Units or any other class or classes of Units or other securities or consideration, whether
by capital reorganization, recapitalization, reclassification, merger, conversion or sale of all or substantially all of the assets
of the Company or otherwise (other than a subdivision or combination provided for in Section 7(a), then and in each such event
the Holder shall have the right thereafter to exercise this Warrant for the kind and amount of securities, cash or other property
receivable pursuant to such transaction by holders of the number of Class A Units that would have been subject to receipt by the
Holder upon exercise of this Warrant immediately prior to such transaction, all subject to further adjustment as provided in this
Section 7.

 

(c) Certificate
as to Adjustments. Upon the occurrence of any adjustment or readjustment of the Exercise Price pursuant to this Section 7,
the Company at its expense shall, as promptly as reasonably practicable but in any event not later than ten (10) days

    	5

    	

    

thereafter, compute such adjustment
or readjustment in accordance with the terms hereof and furnish to the Holder a certificate setting forth such adjustment or readjustment
(including the kind and amount of securities, cash or other property into which this Warrant is exercisable) and showing in reasonable
detail the facts upon which such adjustment or readjustment is based. The Company shall, as promptly as reasonably practicable
after the written request at any time of the Holder (but in any event not later than ten (10) days thereafter), furnish or cause
to be furnished to the Holder a certificate setting forth (A) the Exercise Price then in effect, and (B) the number of Class A
Units and the amount, if any, of other securities, cash or property which then would be received upon the exercise of this Warrant.

 

Section 8. Section
409A. It is intended that this Warrant be exempt from, or comply with, the requirements applicable to nonqualified deferred
compensation subject to Section 409A of the Code. For purposes of this Warrant, any action taken with respect to the Warrant shall
be undertaken in a manner that will not negatively affect the status of the Warrant as exempt from, or in compliance with, treatment
as deferred compensation subject to Section 409A of the Code, unless such action otherwise complies with Section 409A of the Code
to the extent necessary to avoid noncompliance. Notwithstanding the foregoing, neither the Company, the Managers nor any of their
representatives or agents shall be liable to the Holder in the event the Warrant fails to comply with, or otherwise be exempt from,
Section 409A of the Code.

 

Section 9. Governing Law.

 

All questions concerning
the construction, interpretation and validity of this Warrant, and all disputes arising hereunder or relating to the transactions
contemplated hereby, shall be governed by and construed and enforced in accordance with the domestic laws of the State of Georgia,
including all matters of construction, enforcement, validity and performance. In furtherance of the foregoing, the internal law
of the State of Georgia will control the interpretation and construction of this Warrant, even if under such jurisdiction’s
choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily or necessarily apply.

 

Section 10. Notice of Sale of the Business.

 

Prior to any Sale of
the Business, the Company shall provide notice of such proposed Sale of the Business to Holder at least ten (10) days prior to
such proposed Sale of the Business, and include in such notice the details of such proposed Sale of the Business.

 

Section 11. Cumulative Remedies.

 

The rights and remedies
provided in this Warrant are cumulative and are not exclusive of, and are in addition to and not in substitution for, any other
rights or remedies available at law, in equity or otherwise.

 

Section 12. Equitable Relief.

 

Each of the Company
and the Holder acknowledges that a breach or threatened breach by such party of any of its obligations under this Warrant would
give rise to irreparable harm to the

    	6

    	

    

other party hereto for which monetary damages
would not be an adequate remedy and hereby agrees that in the event of a breach or a threatened breach by such party of any such
obligations, the other party hereto shall, in addition to any and all other rights and remedies that may be available to it in
respect of such breach, be entitled to equitable relief, including a restraining order, an injunction, specific performance and
any other relief that may be available from a court of competent jurisdiction.

 

Section 13. Notices.

 

All
notices required or permitted hereunder shall be in writing and shall be deemed effectively given: (a) upon personal delivery to
the party to be notified, (b) when sent by electronic transmission or facsimile if sent during normal business hours of the recipient,
if not, then on the next business day, (c) five (5) days after having been sent by registered or certified mail, return receipt
requested, postage prepaid, or (d) one (1) day after deposit with a nationally recognized overnight courier, specifying next day
delivery, with written verification of receipt. All communications shall be sent to the Company at the address listed on the signature
page and to Holder at 311 Cameron Street, Alexandria, Virginia 22314, or at such other address as the Company or Holder may designate
by ten (10) days advance written notice to the other parties hereto.

 

Section 14. Amendment and Modification.

 

Except as otherwise
provided herein, this Warrant may only be amended, modified or supplemented by an agreement in writing signed by each party hereto.
No waiver by the Company or the Holder of any of the provisions hereof shall be effective unless explicitly set forth in writing
and signed by the party so waiving. No waiver by any party shall operate or be construed as a waiver in respect of any failure,
breach or default not expressly identified by such written waiver, whether of a similar or different character, and whether occurring
before or after that waiver. No failure to exercise, or delay in exercising, any rights, remedy, power or privilege arising from
this Warrant shall operate or be construed as a waiver thereof; nor shall any single or partial exercise of any right, remedy,
power or privilege hereunder preclude any other or further exercise thereof or the exercise of any other right, remedy, power or
privilege.

 

Section 15. Miscellaneous.

 

Unless the Managers
conclude in good faith that applicable law requires otherwise: (a) in the event the parties determine that the exercise of this
Warrant results in taxable income with respect to the holder of this Warrant, such income shall be reported as taxable income of
QED Fund II, L.P., and (b) the Company will not report any such taxable income to any individual partner or principal of QED Fund
II, L.P., or its affiliates.

 

Section 16. WAIVER OF JURY TRIAL.

 

EACH OF THE PARTIES
HERETO IRREVOCABLY WAIVES ANY AND ALL RIGHTS TO A TRIAL BY JURY IN ANY LEGAL PROCEEDING ARISING OUT OF OR RELATED TO THE THIS AGREEMENT.

    	7

    	

    

[SIGNATURE PAGE FOLLOWS]

    	8

    	

    

IN WITNESS WHEREOF,
the Company has caused this Warrant to be signed in its name by its duly authorized officer.

 

Dated: January 1, 2014

 

	 	GREENSKY TRADE CREDIT, LLC	 
	 	 	 
	 	By:	/s/ David Zalik	 
	 	Name: 	David Zalik	 
	 	Title:	Manager	 

    	9

    	

    

SUBSCRIPTION NOTICE

 

The undersigned,
the Holder, hereby elects to exercise purchase rights represented by the Warrant, dated ____________________ , 2013 (the “Warrant”),
issued by GreenSky Trade Credit, LLC, a Georgia limited liability company (the “Company”), for, and to
purchase thereunder, __________________________ Class A Units covered by such Warrant and herewith makes payment in full
therefor of $_________________________  cash and requests that Exhibit C of the Operating Agreement of the Company be amended
to reflect the issuance of such Class A Units to the Holder and, if applicable, certificates for such Class A Units (and any
securities or property deliverable upon such exercise) be issued in the name of and delivered to ____________________________________________
whose address is ____________________________________________

 

The
undersigned agrees that, in the absence of an effective registration statement with respect to Class A Units issued upon this exercise,
the undersigned is acquiring such Class A Units for investment and not with a view to distribution thereof and that the certificate
or certificates, if any, representing such Class A Units may bear any such legend as the Managers of the Company deem appropriate.

 

The undersigned further
agrees that by exercising the Warrant and delivering this Subscription Notice, the undersigned agrees that it shall be a party
to, and shall be bound by, the Operating Agreement.

 

Capitalized terms used
but not defined in this Subscription Notice have the meanings assigned thereto in to the Warrant.

 

 

	Dated:	Signature guaranteed:

    	10

    	

    

ASSIGNMENT

 

FOR VALUE RECEIVED, the undersigned
assignor (the “Assignor”) hereby sells, assigns and transfers unto ___________________________ (the “Assignee”)
the Warrant, dated__________ , 2013, issued by GreenSky Trade Credit, LLC, a Georgia limited liability company (the “Company”),
to purchase _____________________________ Class A Units of the Company (the “Warrant”)
and appoints ______________________________________  attorney to record the transfer of the Warrant on the books of the
Company, with full power of substitution in the premises.

 

The Assignee agrees that upon exercise of
the Warrant, the Assignee shall become a party to, and shall be bound by, the Operating Agreement.

 

The Assignor and the Assignee represent and
warrant that they have complied with the teens of Section 2 and Section 3 of the Warrant in connection with this assignment of
the Warrant.

 

Capitalized terms used but not defined in
this Subscription Notice have the meanings assigned thereto in to the Warrant.

 

	 	ASSIGNOR:
	 	 
	 	 
	Dated:	Signature guaranteed:
	 	 
	 	ASSIGNEE:
	 	 
	 	 
	Dated:	Signature guaranteed:

    	11

    	

    

CORRECTION

 

This Correction is
dated as of April 30, 2014, by and among GreenSky Trade Credit, LLC, a Georgia limited liability company (the “Company”),
QED Investors, LLC, a Delaware limited liability company (“QED LLC”), and QED Fund II, LP, a Delaware limited
partnership (“QED LP”). All capitalized words and terms used herein and not otherwise defined shall have the
meanings ascribed to them in the Warrant (as hereinafter defined).

 

WITNESSETH:

 

WHEREAS, the Company
issued to QED LLC that certain Warrant to Purchase Class A Units of the Company dated December 31, 2013 (the “Warrant”);

 

WHEREAS, the Company
erroneously listed QED LLC as the initial Holder of the Warrant;

 

WHEREAS, the Company,
QED LLC and QED LP desire to correct the Warrant to state that QED LP was the initial Holder of the Warrant at the date of issuance;

 

The parties, intending
to be legally bound, agree as follows:

 

1. References
to QED LLC. All references to QED LLC in the Warrant are hereby corrected to reference QED LP. The Company, QED LLC and QED
LP agree that such correction shall be deemed effective as of the original date of issuance of the Warrant.

 

2. Effect and
Limitation. In the event of any conflict or inconsistency between the terms of this correction and the Warrant, the terms of
this correction shall control. Except as otherwise expressly set forth herein, all terms and conditions set forth in the Warrant
shall remain in full force and effect pursuant to their terms. The Company, QED LLC and QED LP agree that this correction may be
deemed an amendment or modification of the Warrant to the extent necessary pursuant to Section 14 of the Warrant.

 

3. Governing Law.
The internal law of the State of Georgia will control the interpretation and construction of this correction, even if under such
jurisdiction’s choice of law or conflict of law analysis, the substantive law of some other jurisdiction would ordinarily
or necessarily apply.

 

[SIGNATURE PAGE FOLLOWS]

    	 

    	

    

IN WITNESS WHEREOF,
the parties have executed this correction as of the date first written above.

 

	 	GREENSKY TRADE CREDIT, LLC	 
	 	 	 
	 	By:	/s/ David Zalik	 
	 	Name: 	David Zalik	 
	 	Title:	Manager	 
	 	 	 	 
	 	QED INVESTORS, LLC	 
	 	 	 	 
	 	By:	/s/ Nigel Morris	 
	 	Name:	Nigel Morris	 
	 	Title:	Managing Partner	 
	 	 	 	 
	 	QED FUND II, LP	 
	 	By: QED Partners II, LLC, its general partner	 
	 	 	 	 
	 	By:	/s/ Nigel Morris	 
	 	Name:	Nigel Morris	 
	 	Title:	Managing Partner

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00282-of-00352.parquet"}]]