Document:

Exhibit 4.30

 

TWENTY-SIXTH AMENDMENT
 TO
 SECURED SENIOR LENDING AGREEMENT

 

BY AND BETWEEN

 

PIONEER FINANCIAL SERVICES, INC., PIONEER SERVICES SALES 
 FINANCE, INC., AND PIONEER FUNDING, INC. AND SUBSIDIARIES 
  (COLLECTIVELY, THE “BORROWERS”)

 

AND

 

UMB BANK, N.A., ARVEST BANK, COMMERCE BANK, N.A., FIRST BANK, TEXAS 
 CAPITAL BANK, N.A., M&I MARSHALL & IISLEY BANK, AS SUCCESSOR IN 
 INTEREST TO SOUTHWEST BANK, AN M&I BANK, FIRST CITIZENS BANK, 
 BANCFIRST, CITIZENS BANK & TRUST, ENTERPRISE BANK AND 
 TRUST, STIFEL BANK & TRUST, SUNFLOWER BANK, N.A., AND BANK OF 
 BLUE VALLEY (COLLECTIVELY, THE “VOTING BANKS”)

 

AND

 

PARKSIDE FINANCIAL BANK & TRUST, CROSSFIRST BANK, PAGE COUNTY 
 STATE BANK, CROSSFIRST BANK LEAWOOD, PEOPLES COMMUNITY 
 STATE BANK, FIRST STATE BANK & TRUST CO. OF LARNED, UNITED 
 BANK OF KANSAS, MACON ATLANTA STATE BANK, PEOPLES 
 COMMUNITY BANK, BLUE RIDGE BANK AND TRUST CO., FIRST 
 COMMUNITY BANK, GUARANTY BANK, ONB BANK AND 
 TRUST COMPANY, ALTERRA BANK, FIRST FEDERAL 
 SAVINGS BANK OF CRESTON FSB, HAWTHORN BANK 
 AND LYON COUNTY STATE BANK 
  (COLLECTIVELY, THE “NON-VOTING BANKS”)

 

AND 

UMB BANK, N.A. (“AGENT”)  

DATED AS OF MAY 03, 2011

 

AMENDMENT #26

 

 

TWENTY-SIXTH AMENDMENT TO SECURED SENIOR LENDING AGREEMENT

 

This Twenty-Sixth Amendment to Secured Senior Lending Agreement (the “Amendment”)  is made and is effective as of this 3rd day of May, 2011 (the “Effective Date”) by and between the following parties:

 

1.                                       Pioneer Financial Services, Inc., a Missouri corporation (hereinafter referred to as (“Pioneer”),  Pioneer Services Sales Finance, Inc., a Nevada corporation (“Acceptance”)  and Pioneer Funding, Inc., a Nevada corporation (“Funding”) (All  of Pioneer, Acceptance and Funding, each being referred to individually as a “Borrower” and collectively as the “Borrowers”);

 

2.                                       UMB Bank, N.A., a national banking association (“UMB”), Arvest Bank, an Oklahoma banking corporation (“Arvest”), Commerce Bank, N.A., a national banking association (“Commerce”), First Bank, a Missouri banking corporation (“FBM”), Texas Capital Bank, N.A., a national banking association (“Texas”), M&I Marshall & lisley Bank, as Successor in Interest to Southwest Bank, an M&I Bank (“Southwest”), First Citizens Bank, a Kentucky banking corporation (“First Citizens”)  BancFirst, an Oklahoma banking corporation (“BF”), Citizens Bank and Trust, a Missouri corporation (“Citizens”), Enterprise Bank and Trust, a Missouri Charter Trust Company (“Enterprise”), and Stifel Bank & Trust, a Missouri banking corporation (“Stifel”), Sunflower Bank, N.A., a national banking association (“Sunflower”), and Bank of Blue Valley, a Kansas banking corporation (“Blue Valley”)  (all of UMB, Arvest, Commerce, FBM, Texas, Southwest, First Citizens, BF, Citizens, Enterprise, Stifel, Sunflower and Blue Valley each being hereinafter referred to individually as a “Voting Bank”  and collectively as the “Voting Banks”);

 

3.                                       Parkside Financial Bank & Trust, a Missouri corporation (“Parkside”), CrossFirst Bank, a national banking association (“CrossFirst”), Page County State Bank, a Missouri banking corporation (“Page”), CrossFirst Bank Leawood, a Kansas banking corporation (“CrossFirst-Leawood”), Peoples Community State Bank, a Missouri banking corporation (“Peoples- State”),

 

 

First State Bank & Trust Co. of Larned, a Kansas banking corporation (“First State-Larned”), United Bank of Kansas, a Kansas banking corporation (“United”), Macon Atlanta State Bank, a Missouri banking corporation (“Macon”), Peoples Community Bank, a Missouri banking corporation (“Peoples Community”), Blue Ridge Bank and Trust Co., a Missouri banking corporation (“Blue Ridge”), First Community Bank, a Missouri banking corporation (“First Community”), Guaranty Bank, a Missouri banking corporation (“Guaranty”), ONB Bank and Trust Company, an Oklahoma corporation (“ONB”), Alterra Bank, a Kansas banking corporation (“Alterra”), First Federal Savings Bank of Creston FSB, an Iowa corporation (“Creston”), Hawthorn Bank, a Missouri banking corporation (“Hawthorn”), and Lyon County State Bank, a Kansas banking corporation (“Lyon”)  (all of Parkside, CrossFirst, Page, CrossFirst-Leawood, Peoples-State, First State-Larned, United, Macon, Peoples Community, Blue Ridge, First Community, Guaranty, ONB, Alterra, Creston, Hawthorn, and Lyon, each being hereinafter referred to individually as a “Non-Voting Bank”  and collectively as the “Non-Voting Banks”);  and

 

4.                                       UMB is hereinafter also sometimes referred to as “Agent”  when it acts in its capacity as Agent for the Banks.

 

WHEREAS, Pioneer, the other Borrowers, and Pioneer Military Lending of Nevada, LLC, a Nevada limited liability company (“Nevada”), Pioneer  Military Lending of Georgia, LLC, a Georgia limited liability company (“Georgia”), and Agent and certain of the Voting Banks entered into a Secured Senior Lending Agreement among themselves originally dated as of June 12, 2009 which has subsequently been amended by various amendments numbered 1 through 25 which modified certain of the terms and added additional Voting Banks and Non-Voting Banks (the Voting Banks and Non-Voting Banks are collectively referred to herein as “Banks”)  (hereinafter referred to, as previously amended, as the “Agreement”); and

 

 

WHEREAS, Nevada and Georgia were dissolved and liquidated effective March 31, 2011 and their assets distributed up into Funding; and

 

WHEREAS, Pioneer, the other Borrowers, Agent and each of the Banks desire to further amend the Agreement by this Amendment; and

 

WHEREAS, Pioneer and the other Borrowers hereby confirm that all notes, documents evidencing or confirming the grant of liens and security interests and all other related documents executed pursuant to the Agreement, except as otherwise expressly amended by this Amendment, remain in full force and effect; and

 

WHEREAS, the Agreement may be amended in the manner described in this Amendment upon the approval of the Voting Banks and without the approval of the Non-Voting Banks; and

 

WHEREAS, Pioneer, the other Borrowers, Agent and the Banks desire that all existing and future extensions of credit by any of the Banks to the Borrowers be subject to the terms and conditions of the Agreement as amended by this Amendment.

 

NOW, THEREFORE, in consideration of the mutual agreements of the parties hereto and for other good and valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows:

 

SECTION 1

 

CHANGES TO CERTAIN DEFINITIONS

 

When used in this Amendment, all terms defined in the Agreement shall have the same meanings in this Amendment as given to such terms in the Agreement except the following words, terms or names shall have the meanings set forth in this section:

 

“Alterra” means Alterra Bank, a Kansas corporation.

 

“Banks” means and includes all Voting Banks and all Non-Voting Banks which are now, or may become in the future, parties to this Agreement.

 

 

“Blue Ridge” means Blue Ridge Bank and Trust Company, a Missouri corporation.

 

“Blue Valley” means Bank of Blue Valley, a Kansas corporation.

 

“Creston” means First Federal Savings Bank of Creston, FSB, an Iowa corporation.

 

“CrossFirst” means and CrossFirst Bank, a Kansas corporation.

 

“CrossFirst-Leawood” means CrossFirst Bank Leawood, a Kansas corporation.

 

“First Community” means First Community Bank, a Missouri corporation.

 

“First State-Larned” means First State Bank & Trust Co. of Larned, a Kansas corporation.

 

“Guaranty” means Guaranty Bank, a Missouri corporation.

 

“Hawthorn” means Hawthorn Bank, a Missouri corporation.

 

“Lyon” means Lyon County State Bank, a Kansas corporation.

 

“Macon” means Macon Atlanta State Bank, a Missouri corporation.

 

“Non-Voting Banks” means and includes Parkside, CrossFirst, Page, CrossFirst-Leawood, Peoples-State, First State-Larned, United, Macon, Peoples Community, Blue Ridge, First Community, Guaranty, ONB, Alterra, Creston, Hawthorn and Lyon and any other banks or other lenders that are now, or may become in the future, a Non-Voting Bank pursuant to the terms and conditions of this Agreement.

 

“ONB” means ONB Bank and Trust Company, an Oklahoma corporation.

 

“Page” means Page County State Bank, an Iowa corporation.

 

“Parkside” means Parkside Financial Bank & Trust, a Missouri corporation. 

 

“Peoples Community” means Peoples Community Bank, a Missouri corporation. 

 

“Peoples-State” means Peoples Community State Bank, a Missouri corporation. 

 

“Stifel” means and Stifel Bank & Trust, a Missouri corporation.

 

“Sunflower” means Sunflower Bank, National Association, a Kansas corporation. 

 

“United” means United Bank of Kansas, a Kansas corporation.

 

 

“Voting Banks” means and includes UMB, Arvest, Commerce, First Bank, Texas, Southwest, First Citizens, BF, Citizens, Enterprise, Stifel, Sunflower, and Blue Valley and any other banks or other lenders that are now, or may become in the future, a Voting-Bank pursuant to the terms and conditions of this Agreement.

 

SECTION 2

 

OTHER AMENDMENTS AND CHANGES TO THE AGREEMENT

 

Section 12.3. Section 12.3 is hereby deleted in its entirety and replaced with the following:

 

“12.3. Increase of Total Senior Debt. The aggregate maximum principal amount of Senior Debt issued annually as set forth in Credit Facility Letters issued by the Voting Banks and the statements of credit issued by Non-Voting Banks pursuant to Sections 2.4, 12.2(ii), 12.2(iii) or 12.4(ii) hereof may not be increased by more than twenty percent (20%) annually starting from a base amount of Two Hundred Seventy-Five Million Dollars ($275,000,000) for the year such current Credit Facility Letters and statements of credit extended are in effect without the prior written consent of the Agent and the Required Banks. Approval of the addition of a new bank or financial institution by the Agent and the Required Banks pursuant to Section 12.2 above or the conversion of a Non-Voting Bank to a Voting Bank pursuant to Section 12.4 shall constitute approval of an increase in the principal amount of Senior Debt set forth in the above described Credit Facility Letters and statements of credit by the amount of credit which such new Bank has made available to the Borrowers and which has been disclosed to the Agent and the Banks by the Borrowers pursuant to Section 12.2(ii), 12.2(iii) or 12.4(ii) hereof, as applicable.”

 

Section 12.4. The following amendment, change, modification, and addition is hereby made by adding a new Section 12.4 immediately following Section 12.3 of the Agreement:

 

 

“12.4                     Change in Status of Non-Voting Banks to Voting Banks. Each Non-Voting Bank shall have the right to change its status to that of a Voting Bank so long as all of the following conditions are met:

 

(i)                                     “Such Non-Voting Bank which is requesting to be a Voting Bank must confirm that it agrees to all terms and conditions of this Agreement by execution and delivery to the Borrowers of an amendment to this Agreement in the form attached hereto as Exhibit Z. In the event any Non-Voting Bank desires to receive an opinion of counsel as of the effective date when such Non-Voting Bank is made a Voting-Bank, the expense of such opinion must be borne by such Non-Voting Bank.

 

(ii)                                  The Borrowers must execute any amendment which has been executed by a Non-Voting Bank requesting to become a Voting Bank and deliver an original copy of the same and a statement of the additional amount of credit which such Non-Voting Bank has indicated it may make available to the Borrowers, to the Agent and each Bank which is already then a party to this Agreement. Unless Voting Banks, excluding the Non-Voting Bank which is requesting to become a Voting Bank, holding more than thirty-three and one third percent (331/3%) of the outstanding principal amount of all Senior Debt of the Borrowers which are parties hereto object in a written notice delivered to Pioneer within ten (10) Business Days of the objecting Voting Banks’ receipt of the proposed amendment, the proposed amendment will automatically become effective and the Non-Voting Bank will become a Voting Bank hereto on the eleventh (11th) Business Day following the latest date of delivery of the proposed amendment to any of the Banks already a party hereto. All Loans of the Non-Voting Bank becoming a Voting Bank shall remain in

 

 

place in accordance and be payable in accordance with their then existing terms. Within three (3) Business Days following the effective date of any proposed amendment, Pioneer agrees to send written notice of such effectiveness to the Agent and all Banks which are then parties to this Agreement.”

 

SECTION 3

 

NEW FORMS OF NOTES

 

The forms used in connection with the original Lending Agreement for (1) the Secured Amortizing Note (Exhibit A); (2) the Secured Revolving Grid Note (Exhibit I); and (3) the Secured Single Pay Term Note (Exhibit K) are hereby replaced by the new forms for such documents which are attached to this Amendment as Exhibit A, 1, and K, respectively, and incorporated herein by this reference. These new Exhibits have been prepared (i) to remove Nevada and Georgia as borrowers and (ii) to emphasize that, pursuant to Section 13.12 of the Lending Agreement, Non-Voting Banks may not participate these Notes or any other obligations of Pioneer or the other Borrowers to any other Lender.

 

SECTION 4

 

REAFFIRMATION OF REMAINDER OF AGREEMENT

 

All provisions of the Agreement except for those sections specifically modified or added as described herein shall remain unchanged and in full force and effect.

 

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.

 

	
PIONEER FINANCIAL SERVICES, INC.
    	
 
    	
PIONEER FUNDING, INC.
    
	
 
    	
 
    	
 
    
	
By:
    	
/s/ Laura V. Stack
    	
 
    	
By:
    	
/s/ Laura V. Stack
    
	
Name:
    	
Laura V. Stack
    	
 
    	
Name:
    	
Laura V. Stack
    
	
Title:
    	
Treasurer
    	
 
    	
Title:
    	
Secretary and Treasurer
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
PIONEER SERVICES SALES   FINANCE, INC.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
By:
    	
/s/ Laura V. Stack
    
	
 
    	
 
    	
 
    	
Name:
    	
Laura V. Stack
    
	
 
    	
 
    	
 
    	
Title:
    	
Secretary and Treasurer
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
FIRST BANK
    	
 
    	
ARVEST BANK
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Kate Mayfield
    	
 
    	
By:
    	
/s/ Cindy Nunley
    
	
Name:
    	
Kate Mayfield
    	
 
    	
Name:
    	
Cindy Nunley
    
	
Title:
    	
Executive Vice-President
    	
 
    	
Title:
    	
Senior Vice-President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
BANCFIRST
    	
 
    	
FIRST CITIZENS BANK
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Mark C. Demos
    	
 
    	
By:
    	
/s/ Scott T. Conway
    
	
Name:
    	
Mark C. Demos
    	
 
    	
Name:
    	
Scott T. Conway
    
	
Title:
    	
Senior Vice-President
    	
 
    	
Title:
    	
Chief Executive Officer
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
UMB BANK, N.A., as a Bank and as Agent
    	
 
    	
M&I MARSHALL &   IISLEY BANK
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Douglas F. Page
    	
 
    	
By:
    	
/s/ Robert W. Sellers
    
	
Name:
    	
Douglas F. Page
    	
 
    	
Name:
    	
Robert W. Sellers
    
	
Title:
    	
Executive Vice-President
    	
 
    	
Title:
    	
Senior Vice-President
    

 

 

	
CITIZENS BANK & TRUST
    	
 
    	
COMMERCE BANK, N.A.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Kelley Wilcox
    	
 
    	
By:
    	
 
    
	
Name:
    	
Kelley Wilcox
    	
 
    	
Name:
    	
David Enslen
    
	
Title:
    	
Senior Vice President,   Commercial Banking
    	
 
    	
Title:
    	
Senior Vice-President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
TEXAS CAPITAL BANK, N.A.
    	
 
    	
ENTERPRISE BANK AND TRUST
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Reed Allton
    	
 
    	
By:
    	
/s/ Linda Hanson
    
	
Name:
    	
Reed Allton
    	
 
    	
Name:
    	
Linda Hanson
    
	
Title:
    	
Executive Vice President
    	
 
    	
Title:
    	
Regional President, Kansas   City
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
BANK OF BLUE VALLEY
    	
 
    	
STIFEL BANK & TRUST
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
/s/ Kevin Klamm
    	
 
    	
By:
    	
/s/ John Haffenreffer
    
	
Name:
    	
Kevin Klamm
    	
 
    	
Name:
    	
John Haffenreffer
    
	
Title:
    	
Commercial Loan Officer
    	
 
    	
Title:
    	
President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
SUNFLOWER BANK, N.A.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
By:
    	
/s/ David Rambo
    
	
 
    	
 
    	
 
    	
Name:
    	
David Rambo
    
	
 
    	
 
    	
 
    	
Title:
    	
President - Kansas City
    

 

 

	
CITIZENS BANK & TRUST
    	
 
    	
COMMERCE BANK, N.A.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
By:
    	
/s/ Aaron Siders
    
	
Name:
    	
Kelley Wilcox
    	
 
    	
Name:
    	
Aaron Siders
    
	
Title:
    	
Senior Vice-President,   Commercial Banking
    	
 
    	
Title:
    	
Assistant Vice-President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
TEXAS CAPITAL BANK, N.A.
    	
 
    	
ENTERPRISE BANK AND TRUST
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
By:
    	
 
    
	
Name:
    	
Reed Allton
    	
 
    	
Name:
    	
Linda Hanson
    
	
Title:
    	
Executive Vice President
    	
 
    	
Title:
    	
Regional President, Kansas   City
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
BANK OF BLUE VALLEY
    	
 
    	
STIFEL BANK & TRUST
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
By:
    	
 
    	
 
    	
By:
    	
 
    
	
Name:
    	
Kevin Klamm
    	
 
    	
Name:
    	
John Haffenreffer
    
	
Title:
    	
Commercial Loan Officer
    	
 
    	
Title:
    	
President
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
SUNFLOWER BANK, N.A.
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
By:
    	
 
    
	
 
    	
 
    	
 
    	
Name:
    	
David Rambo
    
	
 
    	
 
    	
 
    	
Title:
    	
President - Kansas CityExhibit 4.31

 

FORM OF AMENDMENT TO

SECURED SENIOR LENDING AGREEMENT

TO CHANGE STATUS OF NON-VOTING BANK TO VOTING BANK

 

Amendment No. 27 to Secured Senior Lending Agreement

 

This Amendment to that certain Secured Senior Lending Agreement dated as of June 12, 2009, as amended, a copy of which is attached hereto (hereinafter referred to as the “Senior Lending Agreement”) is made as of May 5, 2011, by and between all banks or other financial institutions which are, as of the date hereof, parties to such Senior Lending Agreement; Pioneer Financial Services, Inc. (hereinafter referred to as “Pioneer”), certain of its Subsidiaries and ONB Bank and Trust Company, an Oklahoma corporation with offices located at 3501 French Park Drive, Ste. B, Edmond, OK 73034 (hereinafter referred to as “Non-Voting Bank”).  All initially capitalized terms not defined in this Amendment will have the same meanings herein as in the Senior Lending Agreement.

 

WHEREAS, Non-Voting Bank has requested Pioneer to change its status to a Voting Bank and Pioneer is willing to do so unless Voting Banks excluding the Non-Voting Bank holding more than thirty three and one third percent (33 1/3%) of the outstanding amount of all Senior Debt of the Borrowers object.

 

NOW, THEREFORE, in consideration of the mutual agreement of the parties hereto and for other good and valuable consideration, receipt of which is hereby acknowledged, it is agreed by and between Pioneer, Non-Voting Bank and all of the Banks and financial institutions which are presently parties to the Senior Lending Agreement as follows:

 

1.             The Senior Lending Agreement is hereby amended pursuant to Section 12 thereof to change the status of the Non-Voting Bank to that of a Voting Bank on the eleventh (11th) Business Day following delivery by Pioneer of a copy hereof executed by both Pioneer and the Non-Voting Bank to each of the Banks which are presently parties to the Senior Lending Agreement unless Voting Banks, excluding the Non-Voting Bank, holding more than thirty three and one-third percent (33 1/3%) of the outstanding principal amount of all Senior Debt of the Borrowers object to the Non-Voting Bank becoming a Voting Bank under the Senior Lending Agreement.

 

2.             Upon the effective date hereof which shall be determined by paragraph 4 of Section 12 of the Senior Lending Agreement, Non-Voting Bank agrees to be bound by all terms and conditions of the Senior Lending Agreement as a Voting Bank and further agrees that all credit which is extended by it to Pioneer shall be subject to all terms and agreements of the Senior Lending Agreement.

 

3.             Section 1 of the Senior Lending Agreement is hereby amended to add the Non-Voting Bank within the definition of “Voting Bank.”

 

4.             Section 1 of the Senior Lending Agreement is hereby amended to delete the Non-Voting Bank form the definition of “Non-Voting Bank.”

 

AMENDMENT #27

 

 

5.             All terms of the Senior Lending Agreement, unless expressly amended hereby, shall remain in full force and effect as if this Amendment had not been adopted.

 

IN WITNESS WHEREOF, the parties hereto have executed this Amendment to the Senior Lending Agreement as of the day and year first above written.

 

 

	
 
    	
PIONEER FINANCIAL SERVICES, INC.

a Missouri corporation

Individually and on behalf of its Subsidiaries listed on   Exhibit L to the Senior Lending Agreement
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Laura Stack
    
	
 
    	
Name:
    	
Laura   Stack
    
	
 
    	
Title:
    	
Chief   Financial Officer
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
ONB BANK AND TRUST COMPANY
    
	
 
    	
 
    
	
 
    	
 
    
	
 
    	
By:
    	
/s/   Matt Adams
    
	
 
    	
Name:
    	
Matt   Adams
    
	
 
    	
Title:
    	
Senior   Vice President, Commerical Loan Officer
    

 

2

 

EXHIBIT D

CREDIT FACILITY LETTER

 

The undersigned bank, as of the date hereof, expects to offer a maximum aggregate credit facility of Ten Million Dollars ($12,000,000) during the next twelve (12) months to Pioneer Financial Services, Inc., a Missouri corporation, and certain subsidiaries which shall be subject to all terms and conditions of that certain Secured Senior Lending Agreement dated as of June 12, 2009 (the “Agreement”). The terms hereof are hereby incorporated by reference into the Agreement, reference to which is made for a full statement of all terms thereof. The specific terms of the Credit Facility are as follows:

 

	
 
    	
Lender:
    	
ONB   Bank and Trust Company

3501   French Park Drive, Ste, B

Edmond, OK 73034                    (the   “Bank”)
    
	
 
    	
 
    	
 
    
	
 
    	
Borrower:
    	
Pioneer   Financial Services, Inc.

4700   Belleview, Suite 300

Kansas   City, Missouri 64112

And   certain Subsidiaries listed on Exhibit L to the Agreement (the “Borrower”)
    
	
 
    	
 
    	
 
    
	
 
    	
Drawings:
    	
This   Credit Facility is available through March 31, 2011 unless terminated   earlier pursuant to the terms of the Agreement. All proceeds will be   transmitted to a specified bank and account number for the Borrower and   initially that will be UMB Bank, N.A., in Account No. 9801049275.
    
	
 
    	
 
    	
 
    
	
 
    	
Facility:
    	
Revolving   Grid Note:
    	
$1,500,000
    
	
 
    	
 
    	
Revolving   Grid Note Pricing:
    	
 
    
	
 
    	
 
    	
Revolving   Grid Note Maturity:
    	
 
    
	
 
    	
 
    	
Amortizing   Note(s) Funded:
    	
$2,271,153,25
    
	
 
    	
 
    	
Amortizing   Note(s) Unfunded:
    	
$8,278,846,75
    
	
 
    	
 
    	
Amortizing   Note(s) Pricing:
    	
 
    
	
 
    	
 
    	
Single   Pay Term Note Amount:
    	
 
    
	
 
    	
 
    	
Single   Pay Term Note Expiry Date:
    	
 
    

 

We appreciate this opportunity to provide this statement of present expectations in support of your financial requirements. Your acceptance of any credit which may be extended by the undersigned constitutes a certification that all warranties and representations in Section 5 of the Agreement are true as of the date of the extension of any such credit and that no Borrower, as of such date, is in default under the terms of such Agreement. By delivery of this Credit Facility Letter to you, the undersigned does not commit or otherwise obligate itself to extend to you any credit described in the Credit Facility.

 

	
 
    	
 
    	
 
    	
ONB Bank and Trust Company
    
	
 
    	
 
    	
 
    	
Bank Name
    
	
 
    	
 
    	
 
    	
 
    
	
Dated:
    	
5/4/11
    	
 
    	
 
    	
By:
    	
/s/ Matt Adams
    
	
 
    	
 
    	
Name:
    	
Matt Adams
    
	
 
    	
 
    	
Title:
    	
Senior Vice President,   Commercial Loan Officer

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