Document:

EXTENSION, JOINDER AND FIRST AMENDMENT TO FOURTH AMENDMENT AND RESTATED LOAN AND

 EXHIBIT 10.1 
 EXTENSION, JOINDER AND FIRST AMENDMENT 
 TO 

FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT 

This Extension, Joinder and First Amendment to the Fourth Amended and Restated Loan and Security Agreement (this “Amendment”)
is made as of July 31, 2012, among Regional Management Corp., Regional Finance Corporation of South Carolina, Regional Finance Corporation of Georgia, Regional Finance Corporation of Texas, Regional Finance Corporation of North Carolina,
Regional Finance Corporation of Alabama, Regional Finance Corporation of Tennessee, Regional Finance Company of New Mexico, LLC, Regional Finance Company of Oklahoma, LLC, Regional Finance Company of Missouri, LLC (each individually a
“Borrower” and collectively the “Borrowers”), the financial institutions listed therein (such financial institutions, together with their respective successors and assigns, are referred to hereinafter each individually as a
“Lender” and collectively as the “Lenders”) and Bank of America, N.A. as agent for the Lenders (in its capacity as agent, the “Agent”). 
 RECITALS 
 WHEREAS, the Borrowers (other than Regional Finance Company of
New Mexico, LLC, Regional Finance Company of Oklahoma, LLC and Regional Finance Company of Missouri, LLC), Lenders and Agent are parties to that certain Fourth Amended and Restated Loan and Security Agreement dated as of January 18, 2012, (as
amended, restated, modified, substituted, extended, or renewed from time to time, and together with all of its exhibits, schedules and attachments thereto, collectively the “Agreement” or the “Loan Agreement”); 

WHEREAS, the Borrowers acknowledge that as of July 30, 2012, there is currently outstanding the aggregate principal amount of
$221,607,410.02 under the revolving credit facility. 
 WHEREAS, the Borrowers have requested that the Lenders modify certain
provisions of the Agreement to provide, among other things, for the extension of the maturity date and increasing the amount of the Total Credit Facility (as defined in the Loan Agreement) and the Lenders are willing to do so on the terms and
conditions as hereinafter set forth, including but not limited to the conditions that Regional Finance Company of New Mexico, LLC, Regional Finance Company of Oklahoma, LLC and Regional Finance Company of Missouri, LLC become a party to the Loan
Agreement, each as a Borrower. 
 AGREEMENT 
 NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto
hereby agree as follows: 
  

	 	1.	The Borrowers, Lenders and Agent agree that the Recitals above are a part of this Amendment. Unless otherwise expressly defined in this Amendment, terms defined in the
Loan Agreement shall have the same meaning under this Amendment. 

	 	2.	The Borrowers represent and warrant to the Lenders as follows: 

 (a) Each Borrower is a corporation (or limited liability company, as applicable) duly organized and validly existing in good standing under the laws of the state in which it was organized. 

(b) Each Borrower has the power and authority to execute and deliver this Amendment and perform its obligations hereunder and has taken
all necessary and appropriate corporate (or limited liability company) action to authorize the execution, delivery and performance of this Amendment. 
 (c) The Loan Agreement, as amended by this Amendment, the Fourth Amended and Restated Pledge Agreement and each of the other Loan Documents are each hereby ratified, remain in full force and effect, and
each constitutes the valid and legally binding obligation of each Borrower, enforceable in accordance with its terms. 
 (d) All
of the Borrowers’ representations and warranties contained in the Loan Agreement and the other Loan Documents are true and correct on and as of the date of the Borrowers’ execution of this Amendment. 

(e) No Event of Default and no event which, with notice, lapse of time or both would constitute an Event of Default, has occurred and is
continuing under the Loan Agreement or the other Loan Documents. 
  

	 	3.	The Loan Agreement is hereby amended as follows: 

  

	 	(a)	Section 1.1 of the Agreement is hereby amended by deleting the definition of “Availability” and replacing it with the following:

 “Availability” shall mean, as of the date of determination, an amount, less the sum of the
Bank Borrowing Reserve and the Bank Product Reserve and less the aggregate undrawn face amount of all outstanding Letters of Credit which the Agent has caused to be issued or obtained for the Borrowers’ accounts, equal to an amount determined
by multiplying (i) the Advance Rate by (ii) the remainder of (x) the aggregate amount of all presently due and future, unpaid, noncancellable installment payments to be made under all of Borrowers’ Eligible Contracts,
minus (y) the sum of all properly calculated, unearned finance charges, unearned acquisition/initial charges, unearned maintenance fees, unearned discounts 

  
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and dealer reserves included therein. Notwithstanding the foregoing, for the purpose of calculating Availability, (i) the maximum amount of Mortgage Loans, which have an amount financed of
$15,000.00 or more, outstanding at any time shall not exceed fifteen percent (15%) of all Contracts then outstanding and (ii) the maximum amount of Contracts outstanding at any time which are secured by a mobile home shall not exceed $400,000.00.

  

	 	(b)	Section 1.1 of the Agreement is hereby amended by deleting the definition of “Borrower” and “Borrowers” and replacing it with the
following: 

 “Borrower” and “Borrowers” shall mean Regional Management Corp.,
Regional Finance Corporation of South Carolina, Regional Finance Corporation of Georgia, Regional Finance Corporation of Texas, Regional Finance Corporation of North Carolina, Regional Finance Corporation of Alabama, Regional Finance Corporation of
Tennessee, Regional Finance Company of New Mexico, LLC, Regional Finance Company of Missouri, LLC and Regional Finance Company of Oklahoma, LLC (each individually a “Borrower” and collectively the “Borrowers”) 

 

	 	(c)	Section 1.1 of the Agreement is hereby amended by added the definition of “Borrower Agent” as follows: 

“Borrower Agent” shall have the meaning ascribed to such term in Section 2.21. 

 

	 	(d)	Section 1.1 of the Agreement is hereby amended by deleting the definition of “Fee Letters” and replacing it with the following:

 “Fee Letters” shall mean those certain letter agreements dated the date hereof and on
July 31, 2012 with respect to certain fees payable to Agent and/or Lenders. 
  

	 	(e)	Section 1.1 of the Agreement is hereby amended by deleting the definition of “Guarantor” and replacing it with the following:

 “Guarantor shall mean, individually and collectively, any Person guaranteeing the Obligations of
Borrowers including, without limitation, Credit Recovery Associates and Upstate Motor Company. 
  

	 	(f)	Section 1.1 of the Agreement is hereby amended by deleting the definition of “Total Credit Facility” and replacing it with the following:

 “Total Credit Facility” shall mean $325,000,000.00. 

  
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	 	(g)	Section 1.1 of the Agreement is hereby amended by adding the following new definitions to such section in alphabetical order: 

“Augmenting Lender”: shall have the meaning ascribed to such term in Section 2.22 hereof. 

“Commitment Increase Amount”: shall have the meaning ascribed to such term in Section 2.22 hereof. 

“Declined Share”: shall have the meaning ascribed to such term in Section 2.22 hereof. 

“Increasing Lender”: shall have the meaning ascribed to such term in Section 2.22 hereof. 

 

	 	(h)	Section 2.8 of the Agreement is hereby deleted in its entirety and replaced with the following: 

“2.8 Unused Line Fee. Borrowers agree to pay, on the fifteenth day of each month and on the Maturity Date, to Agent, for the
account of Lenders, in accordance with their respective Pro Rata Shares, an unused line fee (the “Unused Line Fee”) at the rates per annum set forth below opposite the applicable amounts under the column entitled “Average Daily
Amount”. Such “Average Daily Amount” shall be an amount by which the Total Credit Facility exceeds the sum of (i) the average daily outstanding amount of Revolving Loans and (ii) the average daily undrawn face amount of
outstanding Letters of . Credit during the immediately preceding month or shorter period if calculated on the Maturity Date. The Unused Line Fee shall be computed on the basis of a 360-day year for the actual number of days elapsed. All payments
received by Agent shall be deemed to be credited to Borrowers’ Loan Account immediately upon receipt for purposes of calculating the Unused Line Fee pursuant to this Paragraph 2.8. 

 

					
	 Average Daily Amount
	  	Unused Line Fee Rate	 
		
	 If >$50,000,000.00
	  	 	0.50	% 
		
	 If £$50,000,000.00
	  	 	0.375	%” 

  

	 	(i)	A new Section 2.22 is added to the Agreement as follows: 

 “2.22 Requested Increases to Commitments. Provided that no Default or Event of Default exists, at any time prior to ninety (90) days before the

  
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Maturity Date, Borrower Agent may request from time to time in writing to the Agent that the Commitments be increased, by an amount not less than $25,000,000 or higher integral multiple of
$25,000,000, in any event, not to exceed $400,000,000 (total commitments), or an aggregate amount that is equal to an amount which would increase the Commitments to $400,000,000 (total commitments), according to the following procedures: 

(a) The Borrowers shall offer the existing Lenders the opportunity to participate in any such increased amount of the Commitments (such
increased amount being referred to as the “Commitment Increase Amount”) in accordance with each Lender’s Pro Rata Share (each participating Lender being referred to as an “Increasing Lender”). The existing Lenders shall be
under no obligation to participate in any such Commitment Increase Amount and any agreement by any Lender to so participate will be in the sole discretion of such Lender. 
 (b) If any Lender declines to commit to its Pro Rata Share of any such Commitment Increase Amount (such declined portion of the Commitment Increase Amount being referred to as a “Declined
Share”), then the Agent may join a new Lender (or Lenders) to this Agreement (each such Lender, an “Augmenting Lender”), who shall be acceptable to the Borrowers, or permit an existing Lender which has already agreed to commit to its
Pro Rata Share of any such Commitment Increase Amount, to commit to the Declined Share. If an Augmenting Lender (or Lenders) commits to the Declined Share, it (or they) shall join this Agreement pursuant to a bank joinder and assumption agreement in
form and substance reasonably satisfactory to the Agent and the Borrowers, setting forth the Commitment of such Augmenting Lender (or Lenders), pursuant to which such Augmenting Lender (or Lenders) will become party hereto as of the effective date
thereof. 
 (c) On the effective date of any increase in the Commitment(s) as contemplated by this Section 2.22 (i) each
Increasing Lender and Augmenting Lender shall make available to the Agent, for the benefit of the other Lenders, such amounts in immediately available funds as the Agent shall determine as being required in order to cause, after giving effect to
such increase and the use of such to make payments to such other Lenders, each Lender’s portion of the outstanding Revolving Loans of all the Lenders to equal its Pro Rata Share of such outstanding Revolving Loans (after giving effect to the
increase in the Commitment(s) occasioned by the addition of the Increasing Lender(s) or Augmenting Lender(s), or both, as the case may be) and (ii) the Borrowers shall be deemed to have repaid and reborrowed all outstanding Revolving Loans as
of the date of any increase in the Commitment(s) (with such reborrowing to consist of Revolving Loans subject to the same interest rate options provided herein, 

  
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with related Interest Periods if applicable, specified in a notice delivered by the Borrowers in accordance with the requirements of this Agreement). The deemed payments made pursuant to clause
(ii) of the immediately preceding sentence in respect of each LIBOR Revolving Loan shall be subject to indemnification by each Borrower pursuant to the provisions of Section 2.14 if the deemed payment occurs other than on the last day of
the related Interest Periods. Upon the request of the Agent, each Borrower shall execute and deliver to Agent for the benefit of the Lenders any and all Notes and other documents, instruments, and agreements necessary or advisable in the reasonable
judgment of the Agent to evidence or document the increase in the Commitment(s), including any amendments hereto, and each of the Lenders hereby provides its consent hereto and thereto and each Lender hereby authorizes the Agent to execute any such
documents, instruments, and agreements consistent with the terms of this Section 2.22 on its behalf without the necessity of any further consent of any Lender. In consideration of each increase in the Commitment(s according to this
Section 2.22 and as a condition thereto, the Borrowers shall pay to the Agent, for the ratable benefit of the Lenders who have funded the Commitment Increase Amount, an upfront commitment increase fee in an amount to be determined by Agent,
payable on the effective date of each increase in the Commitment(s). Such fee shall be fully due and non-refundable when paid.” 
  

	 	(j)	Section 3.1 of the Agreement is hereby deleted in its entirety and replaced with the following: 

“3.1 Term of Agreement and Loan Repayment. This Agreement shall have a term commencing on the date this Agreement becomes
effective, and ending on July 31, 2015, or such earlier date by acceleration or otherwise (“Maturity Date”). The Loan shall be due and payable in full on the Maturity Date without notice or demand and shall be repaid to Agent,
for the account of Lenders, by a wire transfer of immediately available funds. Borrowers may terminate this Agreement prior to the Maturity Date by: (a) giving Agent and Lenders at least thirty (30) days prior notice of intention to
terminate this Agreement; (b) paying and performing, as appropriate, all Obligations on or prior to the effective date of termination (other than indemnification and other contingent obligations for which no amount is due and owing and for
which no claim has been made); (c) paying to Agent, for the account of the Lenders, an early termination fee equal to (i) one percent (1.00%) of the outstanding Obligations in the event the effective date of termination occurs at any
time on or prior to July 31, 2013, and (ii) one-half of one percent (0.50%) of the outstanding Obligations in the event the effective date of termination occurs at any time after July 31, 2013 and prior to the Maturity Date; and
(d) with respect to any LIBOR Revolving Loans prepaid in 

  
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connection with such termination prior to the expiration date of the Interest Period applicable thereto, the payment of the amounts described in Paragraph 2.14. Notwithstanding the
foregoing, upon the occurrence of an Event of Default, Agent may (and shall, at the direction of Majority Lenders) immediately accelerate the Maturity Date and terminate further performance under this Agreement without notice or demand. For the
avoidance of doubt, the amendment and restatement of the Existing Agreement shall not constitute a termination of the Existing Agreement for purposes of Section 3.1 thereof.” 

 

	 	(k)	Section 5.2(e)(i) of the Agreement is hereby deleted in its entirety and replaced with the following: 

“(i) within 20 days after the end of each calendar month during the term of this Agreement, a Collateral and Loan Status Report (the
“Borrowing Base Certificate”) and Monthly Report of Delinquent Accounts in forms provided by Agent (or in such other form approved by Agent), containing the information requested therein, and” 

 

	 	(l)	Section 11.1(b) of the Agreement is hereby deleted in its entirety and replaced with the following: 

“(b) increase the Commitment of any Lender such that the Total Credit Facility after such increase is greater than
$400,000,000.00;” 
  

	 	(m)	The Schedules of the Agreement are hereby deleted in their entirety and replaced with the Schedules attached hereto. 

 

	 	4.	This Amendment shall become effective when and only when (a) this Amendment shall be executed and delivered by each Borrower, the Agent and the Lenders,
(b) the Agent shall have received a certificate of the Secretary of each Borrower as to (x) resolutions of its board of directors, or applicable governing body, then in full force and effect authorizing the execution, delivery and
performance of this Amendment and (y) the incumbency signatures of those of its officers authorized to act with respect to this Amendment, (c) the Agent shall have received an executed Reaffirmation from the Guarantors, (d) the Agent
shall have received executed each of the Notes, as amended and restated, (e) the Agent shall have received any Fee Letters to be executed in connection with this Amendment, (f) the Borrowers shall have paid to Agent a non-refundable
amendment fee, in full in cash equal to $105,000.00, to be distributed by Agent pro-rata (based on such Lender’s percentage of the increase to its Commitment consummated by this Amendment) to the Lenders and (g) the Agent shall have
received such additional closing documents as it shall reasonably specify in connection with the transactions contemplated hereby. 

  
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	 	5.	The Borrowers hereby issue, ratify and confirm the representations, warranties and covenants contained in the Loan Agreement, as amended hereby and each of the other
Loan Documents given by the Borrowers to the Lenders in favor of the Lenders. The Borrowers agree that this Amendment is not intended to and shall not cause a novation with respect to any or all of the Obligations. 

 

	 	6.	In consideration of Regional Finance Company of Oklahoma, LLC and Regional Finance Company of New Mexico, LLC becoming Borrowers under the Loan Agreement, the Borrowers
and the Lenders hereby consent to and the Agent hereby acknowledges pursuant to Section 11.1 (i) of the Loan Agreement the termination of (i) that certain Security Agreement dated on or about June 11, 2012 among Regional Finance
Company of New Mexico, LLC and the Agent, (ii) that certain Security Agreement dated as of January 18, 2012 among Regional Finance Company of Oklahoma, LLC and the Agent and (iii) that certain Guaranty dated on or about June 11,
2012 among Regional Finance Company of New Mexico, LLC and the Agent and (iv) that certain Guaranty dated as of January 18, 2012 among Regional Finance Company of Oklahoma, LLC and the Agent. Notwithstanding the foregoing by signing this
Amendment Regional Finance Company of Oklahoma, LLC and Regional Finance Company of New Mexico, LLC shall become Borrowers under the Loan Agreement and their obligations with respect to Section 4 of the Loan Agreement shall be in full force and
effect. 

  

	 	7.	The Borrowers acknowledge and warrant that the Lenders have acted in good faith and have conducted itself in a commercially reasonable manner in its relationships with
the Borrowers in connection with this Amendment and generally in connection with the Loan Agreement and the Obligations, the Borrowers hereby waiving and releasing any claims to the contrary. 

 

	 	8.	The Borrowers shall pay at the time this Amendment is executed (or as otherwise provided for in this Agreement) and delivered all fees, commissions, costs, charges,
taxes and other expenses incurred by the Lenders and their counsel in connection with this Amendment, including, but not limited to, reasonable fees and expenses of the Lenders’ counsel and all recording fees, taxes and charges.

  

	 	9.	This Amendment is one of the Loan Documents. This Amendment may be executed in any number of duplicate originals or counterparts, each of such duplicate originals or
counterparts shall be deemed to be an original and taken together shall constitute but one and the same instrument. The parties agree that their respective signatures may be delivered by fax. Any party who chooses to deliver its signature by fax
agrees to provide a counterpart of this Amendment with its inked signature promptly to each other party. 

  

	 	10.	This Amendment shall be governed by and interpreted in accordance with the laws of the State of New York, except that no doctrine of choice of law shall be used to
apply the laws of any other state or jurisdiction to this Amendment. 

  
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	 	11.	EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY CLAIM, COUNTERCLAIM, ACTION OR OTHER PROCEEDING
ARISING UNDER OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. 

  
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 IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above
written. 
 BORROWERS 

REGIONAL MANAGEMENT CORP. 
 REGIONAL FINANCE
CORPORATION OF SOUTH CAROLINA 
 REGIONAL FINANCE CORPORATION OF GEORGIA 
 REGIONAL FINANCE CORPORATION OF TEXAS 
 REGIONAL FINANCE CORPORATION OF NORTH CAROLINA 

REGIONAL FINANCE CORPORATION OF ALABAMA 

REGIONAL FINANCE CORPORATION OF TENNESSEE 

REGIONAL FINANCE COMPANY OF OKLAHOMA, LLC 

REGIONAL FINANCE COMPANY OF NEW MEXICO, LLC 

REGIONAL FINANCE COMPANY OF MISSOURI, LLC 
  

			
	By:	 	 /s/ Robert D. Barry

	Name:	 	 Robert D. Barry

 Title: EVP/CFO of each of the above-listed corporations and EVP/CFO of each of the above-listed limited liability
companies 
  

			
	AGENT
	
	 BANK OF AMERICA, N.A.,
 as Agent

		
	By:	 	 /s/ Bruce Jenks

	Name:	 	Bruce Jenks
	Title:	 	Vice President
	
	LENDERS
	
	 BANK OF AMERICA, N.A.,
 as a Lender and Letter of Credit Issuer

		
	By:	 	 /s/ Bruce Jenks

	Name:	 	Bruce Jenks
	Title:	 	Vice President
	
	Commitment = $100,000,000.00

  
 Signature page
to 
 Amendment No. 1 to Fourth Amended and Restated Loan and Security Agreement - Regional Management Corp. 

			
	BMO HARRIS FINANCING, INC.,
	as a Lender
		
	By:	 	 /s/ Michael S. Cameli

	Name:	 	Michael S. Cameli
	Title:	 	Director
	
	Commitment = $44,000,000.00
	
	FIRST TENNESSEE BANK NATIONAL ASSOCIATION,
	as a Lender
		
	By:	 	 /s/ Daniel McCarthy

	Name:	 	 Daniel McCarthy

	Title:	 	Vice President
	
	Commitment = $35,000,000.00
	
	CAPITAL ONE, N.A.,
	as a Lender
		
	By:	 	 /s/ Bev Abrahams

	Name:	 	Bev Abrahams
	Title:	 	Senior Vice President
	
	Commitment = $44,000,000.00
	
	TEXAS CAPITAL BANK, N.A.
	as a Lender
		
	By:	 	 /s/ Stephanie Hopkins

	Name:	 	Stephanie Hopkins
	Title:	 	Senior Vice President
	
	Commitment = $22,000,000.00
	
	WELLS FARGO BANK, NATIONAL ASSOCIATION
	as a Lender
		
	By:	 	 /s/ William M. Laird

	Name:	 	William M. Laird
	Title:	 	Senior Vice President
	
	Commitment = $80,000,000.00

  
 Signature page
to 
 Amendment No. 1 to Fourth Amended and Restated Loan and Security Agreement - Regional Management Corp. 

 SCHEDULE 4.4 
 LOCATIONS OF BOOKS AND RECORDS AND COLLATERAL 
 Location of Records
Concerning Collateral 
 509 West Butler Road, Greenville, South Carolina 29607 

Location of Collateral and Places of Business 
 509 West Butler Road, Greenville, South Carolina 29607; see also attached List of Branches. 

 ADDENDUM TO SCHEDULE 4.4 

LOCATION OF COLLATERAL 
  

							
	815 West Greenwood Street, Suite 3	  	Abbeville	  	SC	  	29620
	314 Richland Avenue West	  	Aiken	  	SC	  	29801
	8144 U.S. Highway 431	  	Albertville	  	AL	  	35950
	792 Commerce Drive, Suite 101	  	Alexander City	  	AL	  	35010
	2705 North Main Street, Suite C	  	Anderson	  	SC	  	29621
	2705 N. Main Street, Suite G	  	Anderson	  	SC	  	29621
	1310 Quintard Avenue	  	Anniston	  	AL	  	36201
	1215 Anthony Drive, Suite G; PO Box 3225	  	Anthony	  	NM	  	88021
	1321 Bell Road	  	Antioch	  	TN	  	37013
	583 Brindlee Mountain Pkwy., PO Box 933	  	Arab	  	AL	  	35016
	840 Secretary Drive	  	Arlington	  	TX	  	76015
	1337 C East Dixie Drive	  	Asheboro	  	NC	  	27203
	473 Hendersonville Road, Suite A	  	Asheville	  	NC	  	28803
	920 Highway 72 E, Brookhill Plaza, PO Box 288	  	Athens	  	AL	  	35611
	959 Gilbert Ferry Road, SE, Suite M	  	Attalla	  	AL	  	35954
	2140 East University Drive, Suite E	  	Auburn	  	AL	  	36830
	6615 Airport Blvd.	  	Austin	  	TX	  	78752
	719 West William Cannon, Suite 112	  	Austin	  	TX	  	78745
	197 Main Street	  	Barnwell	  	SC	  	29812
	112D West Church Street	  	Batesburg	  	SC	  	29006
	2303 Boundary Street, Suite 3	  	Beaufort	  	SC	  	29902
	6240 Phelan Blvd.	  	Beaumont	  	TX	  	77706
	218 City Square	  	Belton	  	SC	  	29627
	145 Hwy 15 & 401 Bypass, Suite 7	  	Bennettsville	  	SC	  	29512
	5031 Ford Parkway, Suite 104	  	Bessemer	  	AL	  	35020
	1930 Edwards Lake Road, Suite 120	  	Birmingham	  	AL	  	35235
	981 U.S. Highway 431 South	  	Boaz	  	AL	  	35957
	3906 Hwy 9, Suite C	  	Boiling Springs	  	SC	  	29316
	1135 Volunteer Parkway, Suite 1	  	Bristol	  	TN	  	37620
	857 E. Washington Street, Suite D	  	Brownsville	  	TX	  	78520
	1710 C, Suite 101 South Texas Avenue	  	Bryan	  	TX	  	77802
	2140 S. Church Street	  	Burlington	  	NC	  	27215
	1047 Broad Street	  	Camden	  	SC	  	29020
	528 Knox Abbott Drive	  	Cayce	  	SC	  	29033
	567 King Street	  	Charleston	  	SC	  	29403
	1300 Savannah Highway, Suite 12	  	Charleston	  	SC	  	29407
	9123 Monroe Road, Suite 100	  	Charlotte	  	NC	  	28270
	4401 E. Independence Blvd., Suite #102	  	Charlotte	  	NC	  	28205

							
	5210 North Tryon Street, Unit B	  	Charlotte	  	NC	  	28213
	6407 South Blvd., Suite J	  	Charlotte	  	NC	  	28217
	5716 Ringgold Road, Unit 106	  	Chattanooga	  	TN	  	37412
	233 Second Street	  	Cheraw	  	SC	  	29520
	220 Town Mart	  	Clanton	  	AL	  	35045
	891 Keith Street, Suite 6	  	Cleveland	  	TN	  	37311
	6729 L Two Notch Road	  	Columbia	  	SC	  	29223
	810 Dutch Square Blvd., Suite 102	  	Columbia	  	SC	  	29210
	7509 Garners Ferry Road, Suite F	  	Columbia	  	SC	  	29209
	6729 Two Notch Road, Unit B	  	Columbia	  	SC	  	29223
	136 Bear Creek Pike, Suite E	  	Columbia	  	TN	  	38401
	3401 W. Davis Street, Suite A1	  	Conroe	  	TX	  	77304
	302 Main Street	  	Conway	  	SC	  	29526
	516 S. Willow Avenue	  	Cookeville	  	TN	  	38501
	4918 Ayers Road, Ayers Plaza, Suite 136	  	Corpus Christi	  	TX	  	78415
	126 The Crossings	  	Crossville	  	TN	  	38555
	1710 2nd Avenue SW, Suite 5	  	Cullman	  	AL	  	35055
	3186 Alabama Highway 157	  	Cullman	  	AL	  	35058
	200 Able Drive, Suite 12	  	Dayton	  	TN	  	37321
	2699 Sandlin Rd., Suite B-2	  	Decatur	  	AL	  	35601
	2314 6th Avenue SE, Suite B PO Box 298 (35602)	  	Decatur	  	AL	  	35601
	2400 Veterans Blvd., Suite 10	  	Del Rio	  	TX	  	78840
	121 Henslee Drive, Suite H	  	Dickson	  	TN	  	37055
	222 East Main Street	  	Dillon	  	SC	  	29536
	3074 Ross Clark Circle, Suite 8	  	Dothan	  	AL	  	36301
	5410 NC Highway 55, Suite R	  	Durham	  	NC	  	27713
	220 Jefferson Street	  	Eagle Pass	  	TX	  	78852
	6932 Calhoun Memorial Hwy., Suite G	  	Easley	  	SC	  	29640
	710 South Pendleton Street	  	Easley	  	SC	  	29640
	229 Apple Square Plaza	  	Edgefield	  	SC	  	29824
	613 East University Drive	  	Edinburg	  	TX	  	78539
	500 N. Oregon, Suite E	  	El Paso	  	TX	  	79901
	8720 Alameda Avenue, Suite A	  	El Paso	  	TX	  	79907
	3333 N. Yarbrough Drive, Suite V	  	El Paso	  	TX	  	79925
	9861 Dyer Street, Suite 4	  	El Paso	  	TX	  	79924
	6920 Delta Drive, Suite 2	  	El Paso	  	TX	  	79905
	1605 George Dieter Drive, Suite 302	  	El Paso	  	TX	  	79936
	1111 Ireland Drive, Suite 102	  	Fayetteville	  	NC	  	28304
	355 West Evans Street	  	Florence	  	SC	  	29501
	1222 West Evans Street	  	Florence	  	SC	  	29501
	2801 Mall Road, Suite 9	  	Florence	  	AL	  	35630
	163 Cox Creek Parkway	  	Florence	  	AL	  	35630

							
	2308 Gault Avenue North	  	Fort Payne	  	AL	  	35967
	1518 Pennsylvania Avenue	  	Fort Worth	  	TX	  	76104
	2725 NE 28th Street, Suite 130	  	Fort Worth	  	TX	  	76111
	449 George Wallace Drive	  	Gadsden	  	AL	  	35903
	515 North Limestone Street	  	Gaffney	  	SC	  	29340
	841 Odum Road, Suite 105	  	Gardendale	  	AL	  	35071
	3115 South 1st Street, Suite 300	  	Garland	  	TX	  	75041
	2568 West Franklin Blvd.	  	Gastonia	  	NC	  	28052
	808 East Franklin Blvd.	  	Gastonia	  	NC	  	28054
	1113 N. Fraser Street	  	Georgetown	  	SC	  	29440
	134 Saint James Avenue, Suite 6	  	Goose Creek	  	SC	  	29445
	2080 N. Hwy. 360, Suite 140	  	Grand Prairie	  	TX	  	75050
	817 W. Pioneer Parkway, Suite 156	  	Grand Prairie	  	TX	  	75051
	2565 East Andrew Johnson Highway	  	Greeneville	  	TN	  	37745
	3733 B Farmington Drive	  	Greensboro	  	NC	  	27407
	2403 Battleground Avenue, Suite 6	  	Greensboro	  	NC	  	27408
	1414 E. Washington Street, Suite H	  	Greenville	  	SC	  	29607
	1414 E. Washington Street, Suite G	  	Greenville	  	SC	  	29607
	2301 Wade Hampton Blvd., Suite 3	  	Greenville	  	SC	  	29615
	631 Willow Lane, Suite K	  	Greenville	  	AL	  	36037
	718A Montague Avenue	  	Greenwood	  	SC	  	29649
	726-A Montague Avenue	  	Greenwood	  	SC	  	29649
	1309 B West Poinsett Street	  	Greer	  	SC	  	29650
	129 Lee Avenue	  	Hampton	  	SC	  	29924
	318 E. Jackson Street	  	Harlingen	  	TX	  	78550
	587 Highway 31 NW, Suite A PO Box 788	  	Hartselle	  	AL	  	35640
	112 East Carolina Avenue	  	Hartsville	  	SC	  	29550
	P O Box 545 (475 N. Main Street, Suite D)	  	Hemingway	  	SC	  	29554
	512 South Main Street	  	Hendersonville	  	NC	  	28792
	2442-B Hwy. 70 Southeast	  	Hickory	  	NC	  	28602
	2108 N. Centennial Street, Suite 114	  	High Point	  	NC	  	27265
	3659 Lorna Road, Suite 125	  	Hoover	  	AL	  	35216
	7100 Regency Square Blvd., Suite 248	  	Houston	  	TX	  	77036
	1804 Wirt Road	  	Houston	  	TX	  	77055
	5517 Airline Drive, Suite E	  	Houston	  	TX	  	77076
	459 Uvalde Road	  	Houston	  	TX	  	77015
	6003 Bellaire Blvd., Suite G	  	Houston	  	TX	  	77081
	4925 University Drive, Suite 110	  	Huntsville	  	AL	  	35816
	700 Airport Road, Suite E	  	Huntsville	  	AL	  	35802
	1918 North Story Road	  	Irving	  	TX	  	75061
	319 Vann Drive, Suite B	  	Jackson	  	TN	  	38305
	1811 Highway 78 East, Suite 110	  	Jasper	  	AL	  	35501

							
	800 Highway 78 East, Suite 300	  	Jasper	  	AL	  	35501
	3014 Bristol Highway, Suite 3	  	Johnson City	  	TN	  	37601
	3379 Cloverleaf Parkway	  	Kannapolis	  	NC	  	28083
	421 West Stone Drive, Suite 3	  	Kingsport	  	TN	  	37660
	200 West Mill Street	  	Kingstree	  	SC	  	29556
	218 E. Kleberg Avenue	  	Kingsville	  	TX	  	78363
	7118 Maynardville Highway	  	Knoxville	  	TN	  	37918
	1645 Downtown West Blvd., Unit 11	  	Knoxville	  	TN	  	37919
	109 East Main Street	  	Lake City	  	SC	  	29560
	226 S. Main Street	  	Lancaster	  	SC	  	29720
	502 W. Calton Road, Suite 109	  	Laredo	  	TX	  	78041
	1104-B North Meadow	  	Laredo	  	TX	  	78040
	2300 N. Main Street, Suite 205	  	Las Cruces	  	NM	  	88001
	507 N. Harper Street, Suite D	  	Laurens	  	SC	  	29360
	224 West Main Street, Suite D	  	Lebanon	  	TN	  	37087
	5175 Sunset Boulevard, Suite 4	  	Lexington	  	SC	  	29072
	371 West Church Street	  	Lexington	  	TN	  	38351
	110 E. Tyler Street	  	Longview	  	TX	  	75601
	348 North Highway 701, Unit 1	  	Loris	  	SC	  	29569
	588 Bailey Road, Suite E	  	Lumberton	  	NC	  	28358
	2021 Gallatin Pike North, Suite 240	  	Madison	  	TN	  	37115
	103 South Brooks Street	  	Manning	  	SC	  	29102
	1107 East Godbold Street	  	Marion	  	SC	  	29571
	509 S. Bicentennial Blvd	  	McAllen	  	TX	  	78501
	2708 H E. Griffin Parkway	  	Mission	  	TX	  	78572
	5238 U.S. Highway 90 W, Suite D	  	Mobile	  	AL	  	36619
	6345 Airport Boulevard, Suite G	  	Mobile	  	AL	  	36608
	104 Bi-Lo Way, Suite A2	  	Moncks Corner	  	SC	  	29461
	3306 Highway 74 West, Unit D	  	Monroe	  	NC	  	28110
	6144 Atlanta Highway	  	Montgomery	  	AL	  	36117
	2206 Village Drive	  	Moody	  	A1	  	35004
	1631 E. Andrew Johnson Highway	  	Morristown	  	TN	  	37814
	1035 Johnnie Dodds Blvd., Suite C-7	  	Mt. Pleasant	  	SC	  	29464
	1636 Memorial Blvd.	  	Murfreesboro	  	TN	  	37129
	605 Broadway Street	  	Myrtle Beach	  	SC	  	29577
	1337 Wilson Road	  	Newberry	  	SC	  	29108
	2108 A W. Lindsey Street	  	Norman	  	OK	  	73069
	404 E. Martintown Road, Suite 4	  	North Augusta	  	SC	  	29841
	1924 Remount Raod	  	North Charleston	  	SC	  	29406
	1922 Remount Road	  	North Charleston	  	SC	  	29406
	867 U.S. Highway 17 South	  	North Myrtle Beach	  	SC	  	29582
	80 McFarland Drive, Suite 2	  	Northport	  	AL	  	35473

							
	7141 S. Western Avenue, Suite C	  	Oklahoma City	  	OK	  	73139
	6221 N. Meridian Avenue	  	Oklahoma City	  	OK	  	73112
	642 John C. Calhoun Drive	  	Orangeburg	  	SC	  	29115
	1291 John C. Calhoun Drive	  	Orangeburg	  	SC	  	29115
	1225 Snow Street, Suite 4	  	Oxford	  	AL	  	36203
	1986 US Highway 78 East	  	Oxford	  	AL	  	36203
	3910 Fairmont Parkway, Suite D	  	Pasadena	  	TX	  	77504
	2401 Stemley Bridge Road, Suite 13	  	Pell City	  	AL	  	35125
	3304 U.S. Highway 80 West, Suite E	  	Phenix City	  	AL	  	36870
	246 Interstate Commercial Park Loop	  	Prattville	  	AL	  	36066
	4011 Capital Blvd., Suite 123	  	Raleigh	  	NC	  	27604
	4761 E. Hwy. 83, Suite B, Plaza Del Mar	  	Rio Grande City	  	TX	  	78582
	592 N. Anderson Road	  	Rock Hill	  	SC	  	29730
	704-C E. Broad Avenue	  	Rockingham	  	NC	  	28379
	811 S. Jake Alexander Blvd.	  	Salisbury	  	NC	  	28147
	4502 Centerview Drive, Suite 116	  	San Antonio	  	TX	  	78228
	1121 SW Military Drive, Suite 101	  	San Antonio	  	TX	  	78221
	14145 Nacogdoches Road, Suite 1	  	San Antonio	  	TX	  	78247
	3221 Wurzbach Road	  	San Antonio	  	TX	  	78238
	3655 Fredricksburg Road, Suite 119	  	San Antonio	  	TX	  	78201
	4525 Rigsby Avenue, Suite 106	  	San Antonio	  	TX	  	78222
	206-B West San Antonio Street	  	San Marcos	  	TX	  	78666
	1605 S. Broad Street	  	Scottsboro	  	AL	  	35768
	211 Oconee Square Drive	  	Seneca	  	SC	  	29678
	1510 N. Kickapoo Avenue, Suite 1	  	Shawnee	  	OK	  	74804
	10755 N. Loop, Suite P	  	Socorro	  	TX	  	79927
	195A S. Converse Street	  	Spartanburg	  	SC	  	29306
	110 Gamer Road, Suite 10, Merchants Plaza	  	Spartanburg	  	SC	  	29303
	12220 Murphy Road, Suite H	  	Stafford	  	TX	  	77477
	230 Signal Hill Drive	  	Statesville	  	NC	  	28625
	115 E. Richardson Avenue	  	Summerville	  	SC	  	29483
	251 Broad Street	  	Sumter	  	SC	  	29150
	708 Bultman Drive	  	Sumter	  	SC	  	29150
	513 East Battle Street, PO Drawer 475 (35181)	  	Talladega	  	AL	  	35160
	2314 W. Adams Avenue, Suite C	  	Temple	  	TX	  	76504
	1237 Highway 231 South	  	Troy	  	AL	  	36081
	2001 Skyland Blvd. East, Suite C-l	  	Tuscaloosa	  	AL	  	35405
	2523 East Fifth Street	  	Tyler	  	TX	  	75701
	410 N. Duncan Bypass, Suite D	  	Union	  	SC	  	29379
	2912 N. Laurent Street	  	Victoria	  	TX	  	77901
	1615 N. Valley Mills Drive, Suite 1615	  	Waco	  	TX	  	76710
	110A N. Memorial Avenue	  	Walterboro	  	SC	  	29488

							
	1025 North Texas Blvd., Suite 17	  	Weslaco	  	TX	  	78596
	622 Twelfth Street	  	West Columbia	  	SC	  	29169
	420 Eastwood Road, Suite 101	  	Wilmington	  	NC	  	28403
	153 N. Congress Street	  	Winnsboro	  	SC	  	29180
	3193-D Peters Creek Parkway	  	Winston-Salem	  	NC	  	27127
	4964 Martin View Lane	  	Winston-Salem	  	NC	  	27104
	902 N. Main Street	  	Woodruff	  	SC	  	29388
	710 E Liberty Street, Suite 102	  	York	  	SC	  	29745
	1300 West Vandament Avenue, Suite 2301	  	Yukon	  	OK	  	73099

 SCHEDULE 7.6 
 GAAP EXCEPTIONS 
 None 

 SCHEDULE 7.9 
 PERMITTED LIENS 
 Liens created by the following documents and any financing
statements now existing or hereafter filed related thereto: 
 Business Loan Agreement dated on or about January 9, 2012, made by
Regional with Wells Fargo Bank, National Association (“Wells Fargo”), allowing the company to borrow up to $1,500,000 on a revolving basis. As an inducement, Wells Fargo required the execution of a Promissory Note by Regional in
favor of Wells Fargo (as identified in Schedule 8.6). related to certain real and personal property (as described therein) located at 507 and 509 W. Butler Road, Mauldin, South Carolina, as the same has been amended, modified or extended.

 SCHEDULE 7.10 
 LICENSES 
 None. 

 SCHEDULE 7.13 
 COMPLIANCE WITH LAWS 
 None. 

 SCHEDULE 7.16 
 SUBSIDIARIES 
 Each of the entities listed below is a direct or indirect wholly owned
subsidiary of Regional Management Corp. 
 Regional Finance Corporation of Alabama 
 Regional Finance Corporation of Georgia 
 Regional Finance Corporation of North Carolina

 Regional Finance Corporation of South Carolina 
 Regional Finance Corporation of Tennessee 
 Regional Finance Corporation of Texas 

Upstate Motor Company 
 Credit Recovery
Associates Inc 
 Regional Finance Company of Oklahoma, LLC (wholly owned by Regional Finance Corporation of North Carolina) 

Regional Finance Company of New Mexico, LLC (wholly owned by Regional Finance Corporation of South Carolina) 

Regional Finance Company of Missouri, LLC 
 RMC
Reinsurance, LTD 

 SCHEDULE 7.19 
 BANK ACCOUNTS 
  

													
	Bank Name	 	Account Number	 	City	 	State	 	Purpose	 	Company Name	 	Sweep Account
	BB&T	 	XXXXXXXXXX	 	Winston Salem	 	NC	 	Depository	 	Regional Management Corp	 	
	BB&T	 	 XXXXXXXXXX
	 	Winston Salem	 	NC	 	Depository	 	Regional Finance Corp of TN	 	
	Compass Bank	 	 XXXXXXXXXX
	 	Birmingham	 	AL	 	Depository	 	Regional Finance Corp of TX	 	
	Compass Bank	 	 XXXXXXXXXX
	 	Birmingham	 	AL	 	Depository	 	Regional Finance Corp of TX	 	
	First Bank	 	 XXXXXXXXXX
	 	Dickson	 	TN	 	Depository	 	Regional Finance Corp of TN	 	
	First Citizens	 	 XXXXXXXXXX
	 	Columbia	 	SC	 	Depository	 	Regional Finance of SC	 	
	First Citizens	 	 XXXXXXXXXX
	 	Columbia	 	SC	 	Depository	 	Regional Finance of SC	 	
	First National	 	 XXXXXXXXXX
	 	Edinburgh	 	TX	 	Depository	 	Regional Finance Corp of TX	 	
	First National Bank	 	 XXXXXXXXXX
	 	Taladega	 	AL	 	Depository	 	Regional Finance Corp of AL	 	
	First National Bank of TN	 	 XXXXXXXXXX
	 	Livingston	 	TN	 	Depository	 	Regional Finance Corp of TN	 	
	First Tennessee Bank	 	 XXXXXXXXXX
	 	Memphis	 	TN	 	Depository	 	Regional Finance Corp of TN	 	
	International Bank and Commerce	 	 XXXXXXXXXX
	 	Laredo	 	TX	 	Depository	 	Regional Finance Corp of TX	 	
	International Bank and Commerce	 	 XXXXXXXXXX
	 	Laredo	 	TX	 	Depository	 	Regional Finance Corp of TX	 	
	International Bank and Commerce	 	 XXXXXXXXXX
	 	Laredo	 	TX	 	Depository	 	Regional Finance Corp of TX	 	
	NBSC	 	 XXXXXXXXXX
	 	Columbus	 	GA	 	Depository	 	Regional Finance Corp of SC	 	
	Southeast Bank	 	 XXXXXXXXXX
	 	Dayton	 	TN	 	Depository	 	Regional Finance Corp of TN	 	
	Southside	 	 XXXXXXXXXX
	 	Tyler	 	TX	 	Depository	 	Regional Finance Corp of TX	 	
	US Bank	 	 XXXXXXXXXX
	 	Columbia	 	TN	 	Depository	 	Regional Finance Corp of TN	 	
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Reinsurance	 	RMC Reinsurance	 	
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Payroll	 	Regional Management Corp	 	Sweep Account
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Loan Disbursement	 	Regional Management Corp	 	Sweep Account
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Master Depository	 	Regional Management Corp	 	
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Master Funding	 	Regional Management Corp	 	
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Depository	 	Regional Finance Corp of SC	 	Sweep Account
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Depository	 	Regional Finance Corp of TX	 	Sweep Account
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Depository	 	Regional Finance Corp of TX	 	Sweep Account
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Depository	 	Regional Finance Corp of TX	 	Sweep Account
	Bank Of America	 	 XXXXXXXXXX
	 	Charlotte	 	NC	 	Depository	 	Regional Finance Corp of OK	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Used to transfer all non Wachovia deposits to main SC Checking	 	Regional Management Corp	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	SC Checking / Depository (sweep account)	 	Regional Finance Corp of SC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	SC Checking / Depository (sweep account)	 	Regional Finance Corp of SC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	SC Checking / Depository (sweep account)	 	Regional Finance Corp of SC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	RMC Checking / Depository (sweep account)	 	RMC Financial Services Corp	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	TX Checking / Depository (sweep account)	 	Regional Finance Corp of TX	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	NC Checking / Depository (sweep account)	 	Regional Finance Corp of NC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	TN Checking / Depository (sweep account)	 	Regional Finance Corp of TN	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	AL Checking / Depository (sweep account)	 	Regional Finance Corp of AL	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	ACS	 	AutoCredit Source	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Corporate AP	 	Regional Management Corp	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Corporate Loan Solicitation	 	Regional Management Corp	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	SC Loan Solicitation	 	Regional Finance Corp of SC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	TN Loan Solicitation	 	Regional Finance Corp of TN	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	TX Loan Solicitation	 	Regional Finance Corp of TX	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	NC Loan Solicitation	 	Regional Finance Corp of NC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	SC NB Loan Solicitation	 	Regional Finance Corp of SC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	TN NB Loan Solicitation	 	Regional Finance Corp of TN	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	TX NB Loan Solicitation	 	Regional Finance Corp of TX	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	NC NB Loan Solicitation	 	Regional Finance Corp of NC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	AL NB Loan Solicitation	 	Regional Finance Corp of AL	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Closed	 	Regional Finance Corp of TX	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Closed	 	Regional Finance Corp of TX	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Closed	 	Regional Finance Corp of TX	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Closed	 	Regional Finance Corp of TX	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	Closed	 	Regional Finance Corp of TX	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	NM Checking	 	Regional Finance Corp of NM	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	RMC Central	 	RMC	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	CRA/Depository (sweep account)	 	CRA	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	SC Trust CRA	 	CRA	 	
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	NM NB Loan Solicitation Account	 	Regional Finance Corp of NM	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	NM Loan Solicitation Account	 	Regional Finance Corp of NM	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	OK NB Loan Solicitation Account	 	Regional Finance Corp of OK	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	OK Loan Solicitation Account	 	Regional Finance Corp of OK	 	Sweep Account
	Wells Fargo	 	 XXXXXXXXXX
	 	Greenville	 	SC	 	AL Loan Solicitation Account	 	Regional Finance Corp of AL	 	Sweep Account

 SCHEDULE 8.3 
 GUARANTIES 
 None 

 SCHEDULE 8.6 
 DEBT 
 Promissory Note, dated January 9, 2012, in an aggregate principal amount not to
exceed $1,500,000 made by Regional payable to the order of Wells Fargo, National Association (the “Wells Fargo Revolver”), as the same has been amended, modified or supplemented.EX-10.1

 EXHIBIT 10.1 
 LOAN AGREEMENT 
 This LOAN AGREEMENT (the “Agreement”)
dated as of July 9, 2012, is made between FIFTH THIRD BANK, an Ohio banking corporation (the “Lender”), whose address is: 201 E. Kennedy Boulevard, Suite 1800, Tampa, Florida 33602, and ODYSSEY MARINE EXPLORATION, INC.,
a Nevada corporation, authorized to do business in the State of Florida (the “Borrower”), whose address: is 5215 West Laurel Street, Tampa, Florida 33607. 
 BACKGROUND 
 A. Borrower has applied to Lender for a term loan not
to exceed TEN MILLION DOLLARS ($10,000,000.00), (the “Loan”) to be evidenced by a commercial term promissory note (the “Note”) and secured by a collateral assignment of contract rights and proceeds under contracts with the
Department for Transport Marine and Aviation Insurance War Risk, United Kingdom of Great Britain, for salvage of silver from the wrecks of the SS Mantola and the SS Gairsoppa. 
 B. Lender is willing to make the Loan described above based on the terms and conditions set forth in this Loan Agreement. 
 OPERATIVE TERMS 
 1. BACKGROUND AND DEFINED TERMS. 

1.1. Background. The Background set forth above is true and correct and is incorporated by this reference. 

1.2. Defined Terms. As used in this Agreement, the following terms shall have the following meanings: 

“Cargo Report” shall have the meaning ascribed in Section 2.6 (b). 

“Collateral Assignment of Contract Rights and Proceeds” shall have the meaning ascribed in Section 3.1 below.

 “Default” shall have the meaning ascribed in Section 8.1 below. 

“Department” shall mean the Department for Transport Marine and Aviation Insurance War Risk, United Kingdom of Great Britain

 “JBR Salvage Insurance Policy” means that certain All Risks of Physical Loss or Damage, Premises and Transit
Insurance Policy issued by Lloyd’s Syndicate 2488 AGM, Policy No.NA5679612, which insures the value of property recovered by the Borrower under the UK Salvage Contracts after delivery to the JBR refinery. 

 “Loan” means the loan advanced by Lender to Borrower in the maximum principal
amount of $10,000,000.00 as evidenced by the Note. 
 “Loan Documents” means this Agreement, the Note, the Collateral
Assignment of Contract Rights and Proceeds, and any other document executed or delivered by Borrower as evidence of, security for, or otherwise in connection with, the Loan. 
 “Maturity Date” means January 31, 2013. 
 “Note” means
that certain Non-Revolving Line of Credit Promissory Note dated the date of this Agreement, made by Borrower to the order of Lender, in the original principal amount of $10,000,000.00. 

“Obligations” means any and all indebtedness and other obligations under the Note, all obligations under this Loan Agreement
and any other Loan Documents between Borrower and Lender, or its affiliates, whenever executed. 
 “Odyssey Cargo Insurance
Policy” shall mean that certain Marine Cargo Direct Policy issued by AON Limited, Policy No. MA 1202002, which insures the value of property recovered by the Borrower under the UK Salvage Contracts while on the Odyssey Chartered Salvage ship.

 “Odyssey Cargo Insurer” means insurance underwriter obligated under the Odyssey Cargo Insurance Policy 

“Origination Fee” shall have the meaning ascribed in Section 2.5 below. 

“Project Costs” shall mean all costs expended by the Borrower as required under the terms of the UK Salvage Contracts.

 “Permitted Liens” shall have the meaning ascribed in Section 4.8 below. 

“UK Salvage Contracts” shall mean the contracts with the Department for Transport Marine and Aviation Insurance War Risk,
United Kingdom of Great Britain, for salvage of silver from the wrecks of the SS Mantola and the SS Gairsoppa. 
 “VIA MAT
Insurance Policy” means the policy issued by Marsh Ltd., Policy No. TRA-10-813, insuring the value of property in transit while being transported by VIA MAT INTERNATIONAL (VMI) LTD INTERNATIONAL (VMI) LTD, or any subsidiary thereof, between the
dock and the JBR refinery and between the JBR refinery and the bank designated to hold the refined silver pending sale on the London Commodity Exchange. 

  
 2 

 2. LOAN AMOUNT AND TERMS. 
 2.1. Loan. Subject to the terms, provisions and conditions, and relying upon the representations and warranties of Borrower provided herein, Lender agrees to advance the Loan to Borrower in
accordance with the terms of the Note and this Agreement. Borrower agrees to accept the Loan and to use the proceeds thereof only for the Project Costs required under the UK Salvage Contracts. 

2.2. Conditions to Extension of Loan. Lender’s obligation and agreement to make the Loan is conditioned upon, and is made
subject to, the following terms and conditions: 
 (a) Execution and Delivery of Loan Documents. Lender shall make the
Loan available to Borrower upon the execution of this Agreement, and the execution and delivery by Borrower of the Note, the Collateral Assignment of Contract Rights and Proceeds and other Loan Documents. 

(b) Primary Banking Relationship. Borrower agrees to establish its primary banking relationship with Lender and move to and
maintain with Lender all accounts as may be necessary as part thereof. 
 (c) Required Financial Statement Deliverables.
Borrower shall deliver or cause to be delivered to Lender the financial statements and SEC 10-Q filings for Borrower as provided in Section 7.1 below. 
 (d) Insurance Policies. Borrower shall deliver or cause to be delivered to Lender copies of the Odyssey Cargo Insurance Policy, the JBR Salvage Insurance Policy and the VIA MAT Insurance Policy,
which shall specifically insure the silver and proceeds under the UK Salvage Contracts, naming Lender as an additional insured, each in form and substance satisfactory to Lender. 

2.3. Term. The Loan will be for a term due and payable in full on the Maturity Date. 

2.4. Repayment Terms. The Loan will accrue interest and will be repayable in accordance with the terms of the Note. 

2.5. Loan Fee and Closing Costs. Borrower agrees to pay Lender a non-refundable loan origination fee in the amount of $50,000.00
(the “Origination Fee”) upon closing of the Loan. Borrower and Lender recognize and agree that the Origination Fee (i) is not a charge for the use of money, but rather a purchase of the right to secure a loan of money on the part of
Borrower; and (ii) is a material inducement for Lender to make the Loan and for having Lender ready, willing and able to fund the Loan in accordance with the terms of this Agreement. Borrower’s payment of the Origination Fee to Lender is
and shall be in addition to all other payments (including without 

  
 3 

 
limitation principal and interest) now or hereafter payable to Lender pursuant to the terms and conditions of the Note or the other Loan Documents. At closing Borrower shall pay all Loan costs
and fees as set forth on a Loan Settlement Statement. 
 2.6. Loan Disbursements. The Loan proceeds shall be reserved by
Lender and disbursed to Borrower under the following procedures: 
 (a) Interest Reserve Account. Upon disbursement of
the Initial Loan Advance (herein defined), the sum of $250,000.00 of the Loan proceeds shall be disbursed by Lender to an Interest Reserve Account with Lender (the “Initial Interest Reserve”). Upon disbursement of the Second Loan Advance
(herein defined), an additional sum of $250,000.00 shall be disbursed by Lender to an Interest Reserve Account (the “Second Interest Reserve”). All accrued interest payments payable under the terms of the Note shall automatically be
debited from the Interest Reserve Account. The Interest Reserve Account is hereby pledged as additional security for the Loan. 

(b) Initial Loan Advance. Under the terms of the Odyssey Cargo Insurance Policy, as the silver is salvaged from the wrecks and
delivered to the deck of the JBR salvage ship, Borrower is obligated to deliver cargo reports to the Odyssey Cargo Insurer detailing the inventory (serial bar codes, identification marks, measurements, weight, number of pieces/ingots, etc.), its
location, and the estimated value of the cargo (the “Cargo Reports”). Borrower shall simultaneously deliver copies of the Cargo Reports to Lender. When the Cargo Reports and the Odyssey Cargo Insurer have verified that the insurance
coverage for the silver under the Odyssey Cargo Insurance Policy on the deck of the JBR salvage ship is at a value of $10,000,000 or greater, Lender shall disburse to the Borrower Loan proceeds in the amount of $5,000,000.00, net of the Initial
Interest Reserve. 
 (c) Second Loan Advance. When all of the silver recovered from the wrecks has been delivered to the
dock in the United Kingdom, and the Cargo Reports and Odyssey Cargo Insurer have verified that the insurance coverage for the silver under the Odyssey Cargo Insurance Policy at the dock is at a value of $15,000,000 or greater, Lender shall disbursed
to the Borrower the remaining Loan proceeds in the amount of $5,000,000.00, net of the Second Interest Reserve. 
 3. COLLATERAL.

 3.1. Collateral Assignment of Contract Rights and Salvage Proceeds. Borrower’s obligations to repay the Loan
to Lender and under this Agreement are secured, inter alia, by a first priority collateral assignment of all of Borrower’s rights and proceeds from the UK Salvage Contracts, under which Borrower is to receive 80% of the net sale proceeds
from the refined silver recovered from the SS Mantola and the SS Gairsoppa ship wrecks after sale on the London Commodity Exchange (net of salvage costs) and any reimbursement of Project Costs expended by Borrower (the “Salvage Proceeds”).

  
 4 

 3.2. Assignment and Security Agreement and Pledge of Depository Account. Borrower
shall establish a depository account (the “Salvage Proceeds Account”) with Lender for the deposit of all Salvage Proceeds from the sale of silver and any reimbursement to the Borrower for Project Costs under the terms of the UK Salvage
Contracts that are payable to Borrower, and shall instruct the Department to wire payment of all such proceeds directly into the Salvage Proceeds Account and to provide Lender with advance notice of each wire into the Salvage Proceeds Account. The
Salvage Proceeds Account shall be pledged by Borrower as additional collateral for the Loan. All UK Salvage Contracts proceeds which are deposited into the Salvage Proceeds Account shall be applied by Lender for principal re-payment of the Loan and
the Borrower hereby authorizes Lender to make such payments. The funds in the Deposit Account shall not be available to the Borrower for any other purpose until the Loan is fully repaid. 
 4. REPRESENTATIONS AND WARRANTIES. 
 When Borrower signs this Agreement, and
until Lender is repaid in full, Borrower makes the following representations and warranties: 
 4.1. Formation and Good
Standing. Borrower is duly formed and existing under the laws of the state or other jurisdiction where organized. In each state in which Borrower does business, Borrower is in good standing and possesses all permits and licenses required and
necessary to enable it to conduct the business in which it is now engaged. 
 4.2. Authorization. This Agreement, and any
instrument or agreement required hereunder, are within Borrower’s powers, have been duly authorized, and do not conflict with any of Borrower’s organizational documents. 

4.3. Enforceable Agreement. This Agreement is a legal, valid and binding agreement of Borrower, enforceable against Borrower in
accordance with its terms, and any instrument or agreement required hereunder, when executed and delivered, will be similarly legal, valid, binding and enforceable. 
 4.4. No Conflicts. The execution, delivery and performance by Borrower of this Agreement and other Loan Documents to which it is a party do not (i) contravene, or constitute (with or without
the giving of notice or lapse of time or both) a violation of any provision of applicable law, a violation of the organizational documents of Borrower, or a default under any agreement, judgment, injunction, order, decree or other instrument binding
upon or affecting Borrower, (ii) result in the creation or imposition of any lien (other than the lien(s) created by the Loan Documents) on any of Borrower’s assets, or (iii) give cause for the acceleration of any obligations of
Borrower to any other creditor. 
 4.5. Financial Information. All financial and other information that has been or will
be supplied to Lender is true, correct and complete in all material respects and is sufficient to give Lender accurate knowledge of Borrower’s financial condition, including 

  
 5 

 
all material contingent liabilities. Since the date of the most recent financial statement provided to Lender, there has been no material adverse change in the business condition (financial or
otherwise), operations, properties or prospects of Borrower. 
 4.6. Discharge of Liens and Taxes. Borrower has duly
filed, paid and/or discharged all taxes or other claims that may become a lien on any of its property or assets, except to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is
being maintained. 
 4.7. Lawsuits. There is no lawsuit, tax claim or other dispute pending or threatened against
Borrower which, if lost, would impair Borrower’s financial condition or ability to repay the Loan, except as have been disclosed in writing to Lender. 
 4.8. Asset Ownership. Borrower has good and marketable title to all of the properties and assets reflected on the balance sheets and financial statements supplied Lender by Borrower, and all such
properties and assets are free and clear of mortgages, security deeds, pledges, liens, charges, and all other encumbrances, except as otherwise disclosed to Lender by Borrower in writing and approved by Lender (“Permitted Liens”). To
Borrower’s knowledge, no default has occurred under any Permitted Liens and no claims or interests adverse to Borrower’s present rights in its properties and assets have arisen. Borrower has duly filed, paid and/or discharged all taxes or
other claims which may become a lien on any of its property or assets, excepting to the extent that such items are being appropriately contested in good faith and an adequate reserve for the payment thereof is being maintained. 

4.9. Other Obligations. Borrower is not in default on any obligation for borrowed money, any purchase money obligation or any
other material lease, commitment, contract, instrument or obligation, except as have been disclosed in writing to Lender. 

4.10. Tax Matters. Borrower has no knowledge of any pending assessments or adjustments of its income tax for any year and all
taxes due have been paid, except as have been disclosed in writing to Lender. 
 4.11. No Event of Default. There is no
event which is, or with notice or lapse of time or both would be, a Default under this Agreement and/or the Note. 
 4.12.
Sufficiency of Capital. Borrower is not, and after consummation of this Agreement and after giving effect to all indebtedness incurred and liens created by Borrower in connection with the Note and any other Loan Documents, will not be,
insolvent within the meaning of 11 U.S.C. § 101, as in effect from time to time. 
 4.13. Compliance with Laws.
Borrower is in compliance in all material respects with all federal, state and local laws, rules and regulations applicable to its properties, operations, business, and finances, including, without limitation, all applicable federal, state and local
laws and regulations intended to protect the environment; and the Employee Retirement Income Security Act of 1974, as amended, if applicable. 

  
 6 

 4.14. OFAC. None of Borrower, or any subsidiary or affiliate of Borrower or any
Guarantor is a Sanctioned Person or has any of its assets in a Sanctioned Country or does business in or with, or derives any of its operating income from investments in or transactions with, Sanctioned Persons or Sanctioned Countries in violation
of economic sanctions administered by OFAC. The proceeds from the Loan will not be used to fund any operations in, finance any investments or activities in, or make any payments to, a Sanctioned Person or a Sanctioned Country. “OFAC” means
the U.S. Department of the Treasury’s Office of Foreign Assets Control. “Sanctioned Country” means a country subject to a sanctions program identified on the list maintained by OFAC and available at
http://www.treas.gov/offices/enforcement/ofac/programs/index.shtml, or as otherwise published from time to time. “Sanctioned Person” means (i) a person named on the list of Specially Designated Nationals or Blocked Persons maintained
by OFAC available at http://www.treas.gov/offices/enforcement/ofac/sdn/index.shtml, or as otherwise published from time to time, or (ii) (A) an agency of the government of a Sanctioned Country, (B) an organization controlled by a
Sanctioned Country, or (C) a person resident in a Sanctioned Country to the extent subject to a sanctions program administered by OFAC. 
 4.15. Location of Borrower. The place of business of Borrower is located at the address listed on the first page of this Agreement. 

4.16. Representations Regarding the UK Salvage Contracts. 
 (a) The UK Salvage Contracts are in full force and effect, and Borrower has not received any notice of any default under the UK Salvage Contract. 

(b) There is no other assignment of any of its rights under or its interest in the UK Salvage Contracts to any other person. 

(c) Borrower has done no act nor omitted to do any act which might prevent Lender from, or limit Lender in, acting under any of the
provisions in the UK Salvage Contracts. 
 (c) Borrower is not prohibited under any agreement with any other person or any
judgment or decree from the execution and delivery of this Assignment of the UK Salvage Contracts. 
 (d) No action has been
brought or threatened which would in any way interfere with the right of Borrower to execute the Collateral Assignment of Contract Rights and Proceeds, and perform all of Borrower’s obligations thereunder. 

(e) Borrower has obtained all necessary approvals by any governmental agency or foreign authority required to fulfill the terms of this
Agreement. 

  
 7 

 4.17 Loan Subordinations. Any related party notes payable by Borrower, to owners of
Borrower, or to other related parties, now existing or hereafter made are and shall be subordinated to the lien of the Loan granted herein. Borrower confirms that all related party debts are fully disclosed on the financial statements provided to
Lender and in the event Lender so requires, such related parties shall enter into subordination agreements to evidence the requirements of this Section. 
 4.18 Continuing Effectiveness. The effectiveness of this Agreement shall be subject to the continuing accuracy of all representations and warranties of the Borrower contained herein. Each advance
made to the Borrower pursuant to the Agreement shall constitute an automatic warranty and representation by Borrower to Lender that there does not exist a Default (as herein defined) or any event or condition which, with notice, lapse of time and/or
the making of such advance, would constitute a Default, and a reaffirmation as of the date of said request of all the representations and warranties of Borrower contained in the Agreement. Borrower covenants, warrants and represents to Lender that
all representations and warranties contained in this Agreement shall be true in all material respects at the time of execution of the Loan Documents and shall survive the execution, delivery and acceptance thereof by the parties thereto and the
closing of the transactions described therein or related thereto. 
 5. AFFIRMATIVE COVENANTS. 

Borrower covenants and agrees, so long as credit is available under this Agreement and until Lender is repaid in full, that Borrower will:

 5.1. Business Continuity. Conduct its business in substantially the same manner as such business is now and has
heretofore been carried on and conducted. 
 5.2. Existence. Comply fully with all applicable statutes, laws and
regulations, and maintain the existence of itself. 
 5.3. Maintenance of Assets. Maintain, preserve and keep its
property and assets in good repair, working order and condition, making all needed replacements, additions, improvements and renewals thereto, to the extent allowed by this Agreement. 

5.4. Access to Books and Records. Allow Lender, or its agents, during normal business hours, at Borrower’s primary place of
business to have access to the books, financial records and such other financial documents of Borrower, as Lender shall reasonably require, and allow Lender to make copies thereof at Lender’s expense which copies will be kept confidential by
Lender. 
 5.5. Notices to Lender. Promptly notify Lender in writing of: 

(a) Any substantial dispute between any governmental authority and Borrower. 

  
 8 

 (b) Any Default under this Agreement, or any event which, with notice or lapse of time or
both, would constitute an event of Default. 
 (c) Any material adverse change in Borrower’s business condition (financial
or otherwise), operations, properties or prospects, or ability to repay the credit. 
 (d) Any change in Borrower’s name,
legal structure, place of business, or chief executive office if Borrower has more than one place of business. 
 (e) Any actual
contingent liabilities of Borrower, and any such contingent liabilities which are reasonably foreseeable. 
 5.6.
Insurance. 
 (a) General Business Insurance. To maintain insurance satisfactory to Lender as to amount, nature and
carrier covering property damage (including loss of use and occupancy) to any of Borrower’s properties, business interruption insurance, public liability insurance including coverage for contractual liability, product liability and
workers’ compensation, and any other insurance which is usual for Borrower’s business. The insurance must be issued by an insurance company acceptable to Lender and must name Lender as an additional insured party. Each policy shall provide
for at least thirty (30) days prior notice to Lender of any cancellation thereof. 
 (b) Insurance Covering
Collateral. To maintain in good standing the Odyssey Cargo Insurance Policy and assure that the JBR Salvage Insurance Policy covering the collateral for this Loan for the full replacement cost of the collateral. The insurance must be issued by
an insurance companies acceptable to Lender and must include a lender’s loss payable endorsement in favor of Lender in a form acceptable to Lender and shall provide for at least thirty (30) days prior notice to Lender of any cancellation
thereof. 
 (c) Evidence of Insurance. Upon the request of Lender, to deliver to Lender a copy of each insurance policy,
or, if permitted by Lender, a certificate of insurance listing all insurance in force. 
 5.7. Compliance with Laws. To
comply with the laws, regulations, and orders of any government body with authority over Borrower’s business. Lender shall have no obligation to make any advance to Borrower except in compliance with all applicable laws and regulations and
Borrower shall fully cooperate with Lender in complying with all such applicable laws and regulations. 
 5.8. Audits. To
allow Lender and its agents to inspect Borrower’s properties and examine, audit, and make copies of books and records at any reasonable time. If any of Borrower’s properties, books or records are in the possession of a third party,
Borrower authorizes that third party to permit Lender or its agents to have access to perform inspections or audits and to respond to Lender’s requests for information concerning such properties, books and records. 

  
 9 

 5.9. Perfection of Liens. To help Lender perfect and protect its security interests
and liens, and reimburse it for related costs it incurs to protect its security interests and liens. 
 5.10.
Cooperation. To take any action reasonably requested by Lender to carry out the intent of this Agreement. 
 5.11.
Primary Banking Relationship. Establish and maintain its primary banking relationship with Lender and to move to Lender and maintain with Lender all accounts as may be necessary as part thereof. 

5.12. Legal Claims to Salvaged Silver or Proceeds, and Safeguards. Upon request by Lender, Borrower shall provide necessary
documentation indicating that there are no potential sovereign/legal claims to the silver or the proceeds therefrom that is being salvaged under the UK Salvage Contracts, and provide information to Lender regarding security procedures Borrower will
implement to safeguard the silver. 
 6. NEGATIVE COVENANTS. 
 Borrower covenants and agrees, so long as credit is available under this Agreement and until Lender is repaid in full, that Borrower will not:  

6.1. Change of Management. Make any substantial change in the present executive or management personnel of Borrower without the
prior written approval of Lender. 
 6.2. Change of Ownership. Cause, permit, or suffer any change in capital ownership
in the direct or indirect capital ownership of Borrower. 
 6.3. Additional Negative Covenants. Not to, without
Lender’s written consent: 
 (a) Enter into any consolidation, merger, or other combination with any other entity.

 (b) Acquire or purchase a business or its assets. 
 (c) Engage in any business activities substantially different from Borrower’s present business. 
 (d) Liquidate or dissolve Borrower’s business. 
 6.4. No Consumer
Purpose. Use this loan for personal, family, or household purposes. Lender may provide Borrower with certain disclosures intended for loans made for personal, family, or household purposes. The fact that Lender elects to make such disclosures
shall not be deemed a determination by Lender that the loan will be used for such purposes. 

  
 10 

 7. FINANCIAL AND REPORTING COVENANTS. 

7.1 Financial Statements and Reports. Borrower shall maintain systems of accounting established and administered in
accordance with Generally Accepted Accounting Principles. The Borrower will furnish to the Lender: 
 (a) Within 120 days after
the end of each fiscal year, the Borrower shall deliver to Lender audited financial statements and, upon filing with the SEC, a copy of its Annual Report on Form 10-K for such fiscal year. 

(b) Within 60 days of the end of each of the first three quarters in each fiscal year, Borrower shall deliver to Lender a copy of its
Quarterly Report on Form 10-Q for such quarter. 
 (c) Concurrently with the statements furnished pursuant to paragraph
(a) of this Section 7.1, a certificate of an authorized officer of the Borrower certifying that to the best of his knowledge, no Default has occurred hereunder, nor any event which with notice or lapse of time, or both, would constitute
such a Default, has occurred or, if such a Default or event has occurred, specifying the nature and extent thereof. 
 (d)
Promptly, from time to time, such other information regarding the operation, business, affairs and financial condition of Borrower as Lender may reasonably request. 
 For the purposes of this Section 7.1, Lender agrees that any report or other document filed by Borrower with the SEC through the EDGAR system shall be deemed to have been concurrently delivered or
provided to Lender. 
 8. DEFAULT AND REMEDIES. 
 8.1. Default. The occurrence of any of the following shall constitute a “Default” under this Agreement: 
 (a) Failure to Pay. Borrower fails to make a payment including any interest, principal or fees under this Agreement or the Note when due. 

(b) Default under Related Documents. Any non-monetary default occurs (after the expiration of any applicable notice and cure
period) under this Agreement or the Loan Documents. The non-monetary defaults include, but are not limited to, the Borrower’s failure to satisfy any covenant under this Agreement or the Loan Documents, any breach of Borrower’s
representations or warranties under this Agreement or the Loan Documents or the occurrence of any change of control for the Borrower. 

  
 11 

 (c) False Information. Borrower has given Lender any materially false or misleading
information or representations. 
 (d) Bankruptcy. Borrower files a bankruptcy petition, a bankruptcy petition is filed
against Borrower, or Borrower makes a general assignment for the benefit of creditors. 
 (e) Receivers. A receiver or
similar official is appointed for a substantial portion of Borrower’s business, or the business is terminated, or, if any Borrower is anything other than a natural person, such Borrower is liquidated or dissolved. 

(f) Security Interest and Priority. Lender fails to have an enforceable first lien security interest under the Collateral
Assignment of Contract Rights and Proceeds given as security for this Agreement. 
 (g) Lawsuits. Any lawsuit or lawsuits
are filed on behalf of one or more trade creditors against Borrower in an aggregate amount of $100,000.00 or more in excess of any insurance coverage. 
 (h) Judgments. Any judgments or arbitration awards are entered against Borrower, or Borrower enters into any settlement agreements with respect to any litigation or arbitration, in an aggregate
amount of $100,000.00 or more in excess of any insurance coverage. 
 (i) Material Adverse Change. A material adverse
change occurs, or is reasonably likely to occur, in Borrower’s business condition (financial or otherwise), operations, properties or prospects, or ability to repay the credit. 

(j) Other Breach Under Agreement. A default occurs under any other term or condition of this Agreement not specifically referred
to in this Section 8.1. This includes any failure or anticipated failure by Borrower (or any other party named in the Covenants section) to comply with any financial covenants set forth in this Agreement, whether such failure is
evidenced by financial statements delivered to Lender or is otherwise known to Borrower or Lender. Any default, other than for nonpayment, may be cured within thirty (30) days after written notice thereof is mailed to Borrower by Lender.
Borrower’s right to cure shall be applicable only to curable Defaults and shall not apply, without limitation, to Defaults based upon false information or bankruptcy. Lender shall not exercise its remedies to collect the Obligations, except as
Lender reasonably deems necessary to protect its interests in collateral securing the Obligations during a cure period. 

  
 12 

 8.2. Remedies. In the event of the occurrence of a Default as described above, and
failure by Borrower to correct such Default within the applicable cure period, if any, then Lender may at any time thereafter, at its option, take any or all of the following actions, at the same or different times: 

(a) Declare the balance of the Obligations be due and payable, both as to principal and interest, without presentment, demand, protest,
or other notice of any kind, all of which are hereby expressly waived by Borrower; and/or 
 (b) Require Borrower to pledge such
collateral or additional collateral to Lender from Borrower’s assets and properties, the acceptability and sufficiency of such collateral to be determined solely by Lender; and/or 

(c) Take immediate possession of any or all collateral including the personal property which may be granted to Lender as security for the
obligations of Borrower under this Agreement or pursuant to the Mortgage; and/or 
 (d) Exercise such other rights and remedies
as Lender may be provided in the Loan Documents. 
 8.3. Waiver. No failure or delay on the part of Lender in exercising
any right, power, or privilege granted pursuant to this Agreement shall operate as a waiver, nor shall a single or partial exercise thereof preclude any other or further exercise or the exercise of any other right, power or privilege. 

8.4. No Reliance by Third Parties. The rights of the Lender to declare a default of the Borrower under this Agreement or the Loan
Documents is a right exclusive to the Lender and shall under no circumstances inure to any third parties. 
 9. CROSS-DEFAULT AND
CROSS-COLLATERALIZATION. Any Event of Default under the terms of the Loan shall constitute and hereby is declared to be an immediate and absolute default under the terms of all loans between Lender and Borrower. Should an event of default occur
under the terms of any of said loans, which event is subject to notice and cure periods, if any, failure to cure such event of default within such curative period shall constitute an immediate default under this Loan and all such other loans owed by
Borrower to Lender, Each of the foregoing loans between Lender and Borrower shall also be cross-collateralized, whether such loans are now existing or hereafter entered into between Lender and Borrower at any time. 

10. OTHER PROVISIONS. 

10.1. Florida Law. This Agreement is governed by Florida state law. 

10.2. Successors and Assigns. This Agreement is binding on Borrower’s and Lender’s successors and assignees. Borrower
agrees that it may not assign this Agreement without Lender’s prior written consent. Lender may sell participations in or 

  
 13 

 
assign the Loan, and may exchange information about Borrower (including, without limitation, any information regarding any hazardous substances) with actual or potential participants or
assignees. If participation is sold or the loan is assigned, the purchaser will have the right of set-off against Borrower. 

10.3. Severability; Waivers. If any part of this Agreement is not enforceable, the rest of the Agreement may be enforced. Lender
retains all rights, even if it makes a loan after default. If Lender waives a default, it may enforce a later default. Any consent or waiver under this Agreement must be in writing. 

10.4. Attorneys’ Fees. Borrower shall reimburse Lender for any reasonable costs and attorneys’ fees incurred by Lender
in connection with the enforcement or preservation of any rights or remedies under this Agreement and any other documents executed in connection with this Agreement including but not limited to the Note, and in connection with any amendment, waiver,
“workout” or restructuring under this Agreement. In the event of a lawsuit or arbitration proceeding, the prevailing party is entitled to recover costs and reasonable attorneys’ fees incurred in connection with the lawsuit or
arbitration proceeding, as determined by the court or arbitrator. In the event that any case is commenced by or against Borrower under Bankruptcy Code (Title 11, United States Code) or any similar or successor statute, Lender is entitled to recover
costs and reasonable attorneys’ fees incurred by Lender related to the preservation, protection, or enforcement of any rights of Lender in such a case. As used in this paragraph, “attorneys’ fees” includes the allocated costs of
Lender’s in-house counsel. 
 10.5. One Agreement. This Agreement, the Note and any related security or other
agreements required by this Agreement, collectively represent the sum of the understandings and agreements between Lender and Borrower concerning this credit. 
 10.6. Stamps and Fees. Borrower shall pay all federal or state stamps or taxes, or other fees and charges, if any, payable or determined to be payable by reason of the execution, delivery or
issuance of this Agreement, the Note, the other Loan Documents, or any security granted to Lender, or the making of any advance from time to time, whether they be payable upon execution or recurring from time to time, Borrower agrees to indemnify
and hold harmless Lender against any and all liability in respect therefor. 
 10.7. Limitation of Interest and Other
Charges. Notwithstanding any other provision contained in this Agreement, Lender does not intend to charge and Borrower shall not be required to pay any amount of interest or other fees or charges that is in excess of the maximum permitted
by applicable law. Any payment in excess of such maximum shall be refunded to Borrower or credited against principal, at the option of Lender. It is the express intent hereof that Borrower not pay and Lender not receive, directly or
indirectly, interest in excess of that which may be lawfully paid under applicable law including the usury laws in force in the State of Florida. 

  
 14 

 10.8. Notices. Unless otherwise provided in this Agreement or in another agreement
between Lender and Borrower, all notices required under this Agreement shall be personally delivered or sent by first class mail, postage prepaid, or by overnight courier, to the addresses on the first page of this Agreement, or sent by facsimile to
the fax numbers listed on the signature page, or to such other addresses as Lender and Borrower may specify from time to time in writing. Notices and other communications shall be effective (i) if mailed, upon the earlier of receipt or five
(5) days after deposit in the U.S. mail, first class, postage prepaid, (ii) if telecopied, when transmitted, or (iii) if hand-delivered, by courier or otherwise (including telegram, lettergram or mailgram), when delivered. 

10.9. Headings. Article and paragraph headings are for reference only and shall not affect the interpretation or meaning of any
provisions of this Agreement. 
 10.10. Counterparts. This Agreement may be executed in as many counterparts as necessary
or convenient, and by the different parties on separate counterparts each of which, when so executed, shall be deemed an original but all such counterparts shall constitute but one and the same agreement. 

This Agreement is executed as of the date stated at the top of the first page. 

 

									
	WITNESSES:	 		 	BORROWER:
			
		 		 	ODYSSEY MARINE EXPLORATION, INC.,
		 		 	a Nevada corporation
				
	  
	 		 	By:	 	 /s/ Michael Holmes

	Signature of Witness	 		 		 	Michael Holmes,
	  
	 		 		 	as its Chief Financial Officer
	Print or type name of Witness	 		 		 		 	
	  
	 		 		 	        (CORPORATE SEAL)
	Signature of Witness	 		 		 		 	
	  
	 		 		 		 	
	Print or type name of Witness	 		 		 		 	
			
		 		 	“LENDER”
			
		 		 	FIFTH THIRD BANK,
		 		 	an Ohio banking corporation

  

  
 15 

							
	  
	 		 	By:	 	 /s/ Daniel Riley

	Signature of Witness	 		 		 	Daniel Riley, as its Vice President
	  
	 		 		 	
	Print or type name of Witness	 		 		 	
	  
	 		 		 	        (CORPORATE SEAL)
	Signature of Witness	 		 		 	
	  
	 		 		 	
	Print or type name of Witness	 		 		 	
				
	STATE OF FLORIDA	 		 		 	
	COUNTY OF PINELLAS	 		 		 	

 The foregoing instrument was acknowledged before me this      day of
July, 2012, by Michael Holmes, as Chief Financial Officer of ODYSSEY MARINE EXPLORATION, INC., a Nevada corporation, on behalf of the corporation. 
  

			
	             Personally known	 	  

	             Florida Driver’s License	 	Notary Public
	             Other Identification Produced	 	
		 	
	
                           
             
	 	  

	
                           
             
	 	Print or type name of Notary
		
		 	(SEAL)

 STATE OF FLORIDA 

COUNTY OF PINELLAS 
 The
foregoing instrument was acknowledged before me this      day of July, 2012, by Daniel Riley, as Vice President of FIFTH THIRD BANK, an Ohio banking corporation, on behalf of the corporation. 

 

			
	             Personally known	 	  

	             Florida Driver’s License	 	Notary Public
	             Other Identification Produced	 	
		 	
	
                           
             
	 	  

	
                           
             
	 	Print or type name of Notary
		
		 	(SEAL)

  
 16

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