Document:

EX-10.13

 Exhibit 10.13 

Amended and Restated 

Loan and Security Agreement 
  

			
	Borrower:	  	On Deck Capital, Inc.
	Address:	  	1400 Broadway, 25th Floor
		  	New York, New York 10018
		
	Date:	  	November 3, 2014

 THIS AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT (as it may be amended, supplemented or otherwise modified from
time to time, this “Agreement”) is entered into on the above date between SQUARE 1 BANK (“Lender”), whose address is 406 Blackwell Street, Suite 240, Durham, North Carolina 27701, and the borrower named above
(“Borrower”), whose chief executive office is located at the above address (“Borrower’s Address”). The Schedule to this Agreement (the “Schedule”) shall for all purposes be deemed to be a part of this Agreement,
and the same is an integral part of this Agreement. (Definitions of certain terms used in this Agreement are set forth in Section 8 below.) 
 Lender
and Borrower hereby agree that upon the effectiveness of this Agreement, the terms and provisions of the Loan and Security Agreement dated as of August 7, 2013 between Lender and Borrower (as amended, supplemented or modified from time to time
prior to the date hereof, the “Existing LSA”) shall be and hereby are amended and restated in their entirety by the terms, conditions and provisions of this Agreement, and the terms and provisions of the Existing LSA shall be superseded by
this Agreement. All of the “Obligations” (as defined in the Existing LSA, the “Existing Obligations”) outstanding under the Existing LSA shall continue as Obligations hereunder to the extent not repaid on the date hereof, and
this Agreement is given as a substitution of and modification of, and not as a payment of or novation of, the indebtedness, liabilities and Existing Obligations of Borrower under the Existing LSA. 

Any and all security agreements, pledge agreements, certified resolutions, guaranties, subordination agreements, intercreditor agreements, warrants, letter of
credit agreements, foreign exchange agreements, treasury management agreements, and other documents, instruments and agreements relating to the Existing LSA continue in full force and effect and any references therein to the Existing LSA shall be
deemed to refer to this Agreement. 
 1. LOANS. 

1.1 Loans. Lender will make loans to Borrower (the “Loans”), in amounts not to exceed the limit shown on the Schedule
(the “Credit Limit”), subject to the provisions of this Agreement. Loans may be repaid and reborrowed, subject to the terms and conditions of this Agreement. 

1.2 Interest. All Loans and all other monetary Obligations shall bear interest at the interest rate shown on the Schedule.
Accrued interest shall be payable monthly, on the last day of the month, and shall be charged to Borrower’s loan account (and, if unpaid, the same shall thereafter bear interest at the same rate as the other Loans). 

1.3 Overadvances. If at any time or for any reason the total of all outstanding Loans and all other monetary Obligations exceeds
the Credit Limit (an “Overadvance”), Borrower shall pay the amount of the excess to Lender within one Business Day after its knowledge thereof, without notice or demand. Without limitation on the foregoing, if an Overadvance exists as of
5:00 P.M. Durham, North Carolina time on any day, Lender may cease making any Loans hereunder until no Overadvance exists. Without limiting Borrower’s obligation to repay to Lender the amount of any Overadvance, Borrower agrees to pay Lender
interest on the outstanding amount of any Overadvance, on demand, at the Default Rate. 

  
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 1.4 Fees. Borrower shall pay Lender the fees shown on the Schedule, which are in
addition to all interest and other sums payable to Lender and are not refundable. 
 1.5 Loan Requests. To obtain a Loan,
Borrower shall make a request to Lender by email or facsimile. Loan requests received after 1:00 PM Eastern Time will be deemed made on the next Business Day. Lender may rely on any email, facsimile or telephone request for a Loan given by a person
whom Lender reasonably believes is an authorized representative of Borrower, and Borrower will indemnify Lender for any loss Lender suffers as a result of that reliance. 

2. SECURITY INTEREST. To secure the payment and performance of all of the Obligations when due, Borrower hereby grants to Lender a security
interest in all of the following (collectively, the “Collateral”): all right, title and interest of Borrower in and to all of the following, whether now owned or hereafter arising or acquired and wherever located: all Accounts; all
Inventory; all Equipment; the Operating Account and any other Deposit Account held at Lender or with respect to which Borrower, Lender and the depositary bank have executed and delivered a deposit account control agreement; all General Intangibles
(including without limitation all Intellectual Property); all Investment Property; all Other Property (including without limitation all Customer Loans and Customer Loan Documentation); and any and all claims, rights and interests in any of the
above, and all guaranties and security for any of the above, and all substitutions and replacements for, additions, accessions, attachments, accessories, and improvements to, and proceeds (including proceeds of any insurance policies, proceeds of
proceeds and claims against third parties) of, any and all of the above, and all Borrower’s books relating to any and all of the above. 

Notwithstanding the foregoing, the Collateral shall not include any of the following property (the “Excluded Property”): 

(i) property which consists of a license of Intellectual Property to Borrower, pursuant to a license which is nonassignable by its terms
without the consent of the licensor thereof (but only to the extent such prohibition on assignability is enforceable under applicable law, including, without limitation, Section 9408 of the Code); 

(ii) property which consists of a lease of Equipment leased to Borrower pursuant to a capital lease which by its terms is non-assignable (but
only to the extent such prohibition on assignability is enforceable under applicable law, including, without limitation, Sections 9407 of the Code); 

(iii) property other than Customer Loans and Cash, if the granting of a security interest in the property is prohibited by enforceable
provisions of applicable law, provided that upon the cessation of any such prohibition, such property shall automatically become part of the Collateral; or 

(iv) property that is subject to a Lien that is permitted pursuant to clause (i) of the definition of Permitted Liens, if the grant of a
security interest with respect to such property would be prohibited by the agreement creating such Permitted Lien or would otherwise constitute a default thereunder, but only to the extent such prohibition is enforceable under applicable law, and
provided, that such property will be deemed “Collateral” hereunder upon the termination and release of such Permitted Lien; or 

(v) “intent-to-use” Trademarks until such time as the Borrower begins to use such Trademarks; 

(vi) any Customer Loan and related assets (including any “Related Security”, as defined in the Permitted SPE Financings) sold or
transferred or purported to be sold or transferred by Borrower pursuant to a transaction permitted under this Agreement, including a Permitted SPE Sale, a Permitted Charged-Off Sale and a Permitted Whole Loan Sale, and from and after the date of any
such sale any collections and other proceeds received by Borrower with respect to such Customer Loan and related assets (other than (A) the Purchase Price paid to Borrower in connection with such sale, and (B) any distributions made to
Borrower in connection with such sale); or 
 (vii) any Excluded Account. 

3. REPRESENTATIONS, WARRANTIES AND COVENANTS OF BORROWER. 

In order to induce Lender to enter into this Agreement and to make Loans, Borrower represents and warrants to Lender as follows, and Borrower
covenants that the following representations will continue to be true (except to the extent that such representation or warranty relates to a particular date), and that Borrower will at all times comply with all of the following covenants,
throughout the term of this Agreement and until all Obligations (other than contingent, unmatured indemnification Obligations) have been paid and performed in full: 

3.1 Corporate Existence and Authority. Borrower is, and will continue to be, duly organized, validly existing and in good
standing under the laws of the jurisdiction of its incorporation or organization. Borrower is and will continue to be qualified 

  
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and licensed to do business in all jurisdictions in which any failure to do so would result in a Material Adverse Change. The execution, delivery and performance by Borrower of this Agreement,
and all other documents contemplated hereby (i) have been duly and validly authorized, (ii) are not subject to any consents, which have not been obtained, (iii) are enforceable against Borrower in accordance with their terms (except
as enforcement may be limited by equitable principles and by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to creditors’ rights generally), and (iv) do not violate Borrower’s articles or certificate of
incorporation, or Borrower’s by-laws, or any law or any material agreement or instrument, which is binding upon Borrower or its property, and (v) do not constitute grounds for acceleration of any indebtedness or obligations in excess of
$50,000 in the aggregate, under any agreement or instrument which is binding upon Borrower or its property. 
 3.2 Name; Trade Names
and Styles. As of the date hereof, the name of Borrower set forth in the heading to this Agreement is its correct name. Listed in the Representations are all prior names of Borrower and all of Borrower’s present and prior trade names,
as of the date hereof. Borrower shall give Lender 30 days’ prior written notice before changing its name or doing business under any other name. Borrower has complied, and will in the future comply, in all material respects, with all laws
relating to the conduct of business under a fictitious business name, except where all failures to do so will not result in damage to Borrower of more than a total of $250,000. 

3.3 Place of Business; Location of Collateral. As of the date hereof, the address set forth in the heading to this Agreement is
Borrower’s chief executive office. In addition, as of the date hereof, Borrower has places of business and Collateral is located only at the locations set forth in the Representations. Borrower will give Lender at least 15 days prior written
notice before opening any additional place of business, changing its chief executive office, or moving any of the Collateral to a location other than Borrower’s Address or one of the locations set forth in the Representations, except that
Borrower may maintain sales offices in the ordinary course of business at which not more than a total of $250,000 fair market value of Equipment and Inventory is located. 

3.4 Title to Collateral; Perfection; Permitted Liens.  

(a) Borrower is now, and will at all times in the future be, the sole owner of all the Collateral, except for items of Equipment which are
leased to Borrower, and except for non-exclusive licenses granted by Borrower in the ordinary course of business. The Collateral now is and will remain free and clear of any and all Liens and adverse claims, except for Permitted Liens. Lender now
has, and will continue to have, a first-priority perfected and enforceable security interest in all of the Collateral, subject only to the Permitted Liens, and Borrower will at all times take commercially reasonable measures to defend Lender’s
security interest in the Collateral against all claims of others. 
 (b) [intentionally omitted]. 

(c) In the event that Borrower shall at any time after the date hereof have any commercial tort claims against others, which it is asserting
or intends to assert, and in which the potential recovery exceeds $100,000, Borrower shall promptly notify Lender thereof in writing and provide Lender with such information regarding the same as Lender shall request. Such notification to Lender
shall constitute a grant of a security interest in the commercial tort claim and all proceeds thereof to Lender, and Borrower shall execute and deliver all such documents and take all such actions as Lender shall request in connection therewith.

 (d) None of the Collateral now is or will be affixed to any real property in such a manner, or with such intent, as to become a fixture.
Borrower will keep in full force and effect, and will comply with all material terms of, any lease of real property where any of the Collateral now or in the future may be located, except in each case to the extent its failure to do so would not
result in total damages for all such failures in excess of $1,000,000. 
 (e) Except as disclosed in the Representations, Borrower is not a
party to, nor is it bound by, any material license or other agreement that is required for the conduct of Borrower’s business and that prohibits or otherwise restricts Borrower from granting a security interest in Borrower’s interest in
such license or agreement or any other property required for the conduct of Borrower’s business. 
 (f) Borrower is the sole owner of
the Intellectual Property, except for non-exclusive licenses granted by Borrower in the ordinary course of business. To the best of Borrower’s knowledge, each of the Copyrights, Trademarks and Patents is valid and enforceable, and no part of
the Intellectual Property has been judged invalid or unenforceable, in whole or in part, and no claim has been made in writing to Borrower that any part of the Intellectual Property violates the rights of any third party except to the extent such
claim would not reasonably be expected to cause a Material Adverse Change. 
 3.5 [intentionally omitted] 

  
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 3.6 Maintenance of Collateral. Borrower will maintain all tangible Collateral in
good working condition (ordinary wear and tear excepted), and Borrower will not use the Collateral for any unlawful purpose. Borrower will immediately advise Lender in writing of any material loss or damage to the Collateral having a value in excess
of $250,000. 
 3.7 Books and Records. Borrower has maintained and will maintain at Borrower’s Address books and records,
which are complete and accurate in all material respects, and comprise an accounting system in accordance with GAAP in all material respects. 

3.8 Financial Condition, Statements and Reports. All financial statements now or in the future delivered to Lender have been,
and will be, prepared in conformity with GAAP, and now and in the future will fairly present the results of operations and financial condition of Borrower, in accordance with GAAP, at the times and for the periods therein stated (except for
non-compliance with FAS 123R (FASB ASC 718) in monthly financial statements, and, in the case of interim financial statements, for the lack of footnotes and subject to year-end adjustments). Between the last date covered by any such statement
provided to Lender and the date hereof, there has been no Material Adverse Change. 
 3.9 Tax Returns and Payments; Pension
Contributions. Borrower has timely filed, and will timely file, all required tax returns and reports, and Borrower has timely paid, and will timely pay, all foreign, federal, state and local taxes, assessments, deposits and contributions now
or in the future owed by Borrower, except in each case to the extent its failure to do so is not reasonably likely to result in damages or penalties incurred by Borrower in excess of $250,000 in total. Borrower may, however, defer payment of any
contested taxes, provided that Borrower (i) in good faith contests Borrower’s obligation to pay the taxes by appropriate proceedings promptly and diligently instituted and conducted, (ii) notifies Lender in writing of the commencement
of, and any material development in, the proceedings, and (iii) posts bonds or takes any other steps required to keep the contested taxes from becoming a Lien upon any of the Collateral. Borrower is unaware of any claims or adjustments proposed
for any of Borrower’s prior tax years which could result in additional taxes becoming due and payable by Borrower. Borrower has paid, and shall continue to pay all amounts necessary to fund all present and future pension, profit sharing and
deferred compensation plans in accordance with their terms, and Borrower has not and will not withdraw from participation in, permit partial or complete termination of, or permit the occurrence of any other event with respect to, any such plan which
could reasonably be expected to result in any liability of Borrower, including any liability to the Pension Benefit Guaranty Corporation or its successors or any other governmental agency. 

3.10 Compliance with Law. Borrower has, to the best of its knowledge, complied, and will in the future comply, in all material
respects, with all provisions of all foreign, federal, state and local laws and regulations applicable to Borrower, except to the extent its failure to do so is not reasonably likely to result in a Material Adverse Change, including, but not limited
to, those relating to Borrower’s ownership of real or personal property, the conduct and licensing of Borrower’s business, and all environmental matters. Borrower has obtained all consents, approvals and authorizations of, made all
declarations or filings with, and given all notices to, all governmental authorities that are necessary for the continued operation of Borrower’s business as currently conducted, except where the failure to do so would not reasonably be
expected to cause a Material Adverse Change. 
 3.11 Litigation. As of the date hereof, there is no claim, suit, litigation,
proceeding or investigation pending or, to Borrower’s knowledge, threatened against or affecting Borrower in any court or before any governmental agency (or any basis therefor known to Borrower) involving any claim against Borrower of more than
$250,000. Borrower will promptly inform Lender in writing of any claim, proceeding, litigation or investigation in the future threatened or instituted against Borrower involving any claim against Borrower of more than $250,000. 

3.12 Use of Proceeds. All proceeds of all Loans shall be used solely for Borrower’s working capital and repayment of
certain existing indebtedness to existing lenders to Borrower. Borrower is not purchasing or carrying any “margin stock” (as defined in Regulation U of the Board of Governors of the Federal Reserve System) and no part of the proceeds of
any Loan will be used to purchase or carry any “margin stock” or to extend credit to others for the purpose of purchasing or carrying any “margin stock.” 

3.13 Solvency, Payment of Debts. Borrower is able to pay its debts (including trade debts) as they mature; the fair saleable
value of Borrower’s assets (including goodwill minus disposition costs) exceeds the fair value of its liabilities; and Borrower is not left with unreasonably small capital after the transactions contemplated by this Agreement. 

4. CUSTOMER LOANS. 
 4.1
Customer Loan Documentation. If requested by Lender, Borrower shall furnish Lender with copies (or, at Lender’s request after an Event of Default, originals to the extent originals exist) of all Customer Loan Documentation, and Borrower
warrants the genuineness of all of the foregoing, and absent any delivery of Customer Loan Documentation to Lender, Borrower shall at all times retain possession of all Customer Loan Documentation. 

  
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 4.2 Accounts with Lender. Borrower shall open and maintain a deposit account with
Lender into which Lender may credit Loans to be made to Borrower. Lender may from time to time in its discretion make Loans to Borrower to cover checks or other items or charges that Borrower has drawn or made against the any account Borrower
maintains with Lender or to cause payment of amounts due under the Loan Documents. Borrower authorizes Lender to make such Loans from time to time by means of appropriate entries of credits to such account sufficient to cover any such charges then
presented, such Loans to be subject to the terms of this Agreement as though made pursuant to a request from Borrower. 
 4.3
Verifications. Upon the occurrence and during the continuance of any Event of Default, Lender may, from time to time, verify directly with the respective Customer Loan Obligor the validity, amount and other matters relating to the Customer
Loan, by means of mail, telephone or otherwise, either in the name of Borrower or Lender or such other name as Lender may choose. 
 5. ADDITIONAL
DUTIES OF BORROWER. 
 5.1 Financial and Other Covenants. Borrower shall at all times comply with the financial and
other covenants set forth in the Schedule. 
 5.2 Insurance. Borrower shall, at all times insure all of the tangible personal
property Collateral and carry such other business insurance, with insurers reasonably acceptable to Lender, in such form and amounts as Lender may reasonably require and that are customary and in accordance with standard practices for
Borrower’s industry and locations, and Borrower shall provide evidence of such insurance to Lender. All such insurance policies shall name Lender as loss payee, and shall contain a lenders loss payee endorsement in form reasonably acceptable to
Lender. Upon receipt of the proceeds of any such insurance (other than proceeds from Borrower’s business interruption insurance, which shall be released to Borrower unless a material portion of the Obligations has been accelerated in connection
with the occurrence of an Event of Default or a Default or Event of Default has occurred and is continuing under Section 7.1(k) or 7.1(l)), if no Event of Default has occurred and is continuing, Lender shall release to Borrower such insurance
proceeds, which shall be utilized by Borrower for such purposes that are in accordance with this Agreement as its Board of Directors shall determine after receipt of such proceeds. Lender may require reasonable assurance that the insurance proceeds
so released will be so used. If Borrower fails to provide or pay for any insurance, Lender may, but is not obligated to, obtain the same at Borrower’s expense. Borrower shall promptly deliver to Lender copies of all material reports made to
insurance companies. 
 5.3 Reports. Borrower, at its expense, shall provide Lender with the written reports set forth in the
Schedule, and such other written reports with respect to Borrower as Lender shall from time to time specify in its Good Faith Business Judgment. 

5.4 Access to Collateral, Books and Records. At reasonable times, and on two Business Days’ notice, Lender, or its agents,
shall have the right to inspect the Collateral, and the right to audit and copy Borrower’s books and records. The foregoing inspections and audits shall be at Borrower’s expense and the charge therefor shall be $1,000 per person per day
(or such other amount as shall represent Lender’s then current standard charge for the same), plus reasonable and documented out-of-pocket expenses (including without limitation any additional costs and expenses of outside auditors retained by
Lender); provided that Borrower shall not be required to reimburse Lender for the cost of more than two such audits, or for an aggregate of more than $20,000, in any fiscal year, except that such limitations shall not apply if any Default or Event
of Default has occurred and is continuing. 
 5.5 Negative Covenants. Except as may be permitted in the Schedule, Borrower
shall not, without Lender’s prior written consent (which shall be a matter of its Good Faith Business Judgment), do any of the following: 

(i) merge or consolidate with another corporation or entity; 

(ii) acquire any assets, except (A) for assets acquired in the ordinary course of business, (B) for acquisitions of assets outside
the ordinary course of business in a total amount not exceeding a total of $500,000 in any fiscal year, (C) for assets acquired outside the ordinary course of business, after written notice to Lender, the acquisition of which was approved by
the Borrower’s Board of Directors, (D) repurchases of Customer Loans previously sold, or transferred to an SPE pursuant to a transaction permitted under this Agreement, if required by the underlying sale or transfer documents, and
(E) repurchases of Customer Loans previously sold, or transferred in a Permitted Whole Loan Sale, if required by the underlying sale or transfer documents; 

(iii) enter into any transaction outside the ordinary course of business that is not dealt with in another subparagraph of this
Section 5.5, except for such transactions that, in the aggregate, do not involve more than $500,000 in any fiscal year; 
 (iv) sell or
transfer any Collateral, except for (A) Permitted SPE Sales, (B) Permitted Whole Loan Sales, (C) Permitted Charged-Off Sales, (D) the sale of obsolete or unneeded Equipment in the ordinary course of business, and (E) the
sale or transfer of Collateral (other than Customer Loans) outside the ordinary course of business that was approved by the Borrower’s Board of Directors. 

  
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 (v) make any loans of any money or other assets or any other Investments, other than
(A) Permitted Investments, (B) loans made in the ordinary course of business (providing loans and other credit products to commercial borrowers shall be deemed in the ordinary course of Borrower’s business for purposes of this
Section 5), (C) Investments in Canadian Subsidiaries which are in businesses similar to that of Borrower and which are permitted by Section 5.5(xiv), in an aggregate amount not exceeding $5,000,000, and in Domestic Subsidiaries which
are in businesses similar to that of Borrower and which are permitted by Section 5.5(xiv), (D) Investments permitted in another subparagraph of this Section 5.5, and (E) other Investments not exceeding a total of $1,000,000 in
any fiscal year; 
 (vi) create, incur, assume or permit to be outstanding any Indebtedness other than Permitted Indebtedness; 

(vii) guarantee or otherwise become liable with respect to the obligations of another party or entity, other than Permitted Guarantees; 

(viii) pay or declare any dividends on Borrower’s stock (except for dividends payable solely in stock of Borrower); 

(ix) redeem, retire, purchase or otherwise acquire, directly or indirectly, any of Borrower’s stock or other equity securities, except
for (A) repurchases of stock from former employees or directors of Borrower under the terms of applicable repurchase agreements in an aggregate amount not to exceed $200,000 in any fiscal year, or (B) any redemption, retirement, purchase
or other acquisition of Borrower’s stock or other equity securities made using only the proceeds received from any substantially contemporaneous equity issuance of Borrower; 

(x) engage, directly or indirectly, in any business other than the businesses currently engaged in by Borrower or reasonably related thereto,
or become an “investment company” within the meaning of the Investment Company Act of 1940; 
 (xi) directly or indirectly enter
into, or permit to exist, any material transaction with any Affiliate of Borrower, except for (A) any Permitted SPE Sale made in connection with a Permitted SPE Financing (and transactions reasonably related thereto or contemplated therein,
including any servicing arrangements), (B) transactions that are in the ordinary course of Borrower’s business, and are on fair and reasonable terms that are no less favorable to Borrower than would be obtained in an arm’s length
transaction with a non-affiliated Person, and (C) transactions existing on the date hereof and set forth in the Representations; or 

(xii) reincorporate in another state; 

(xiii) change its fiscal year, without written notice to Lender within five Business Days thereafter; 

(xiv) create a Subsidiary (other than any SPE and ODSC, LLC), except for the creation of (A) any Domestic Subsidiary that was approved by
the Borrower’s Board of Directors and that, within 10 Business Days after the date it is created, executes and delivers all such documents and takes all such actions as Lender determines are necessary or appropriate for such Subsidiary to
become, at Lender’s option, either a co-borrower hereunder or a guarantor hereof, including providing Lender with a first-priority perfected security interest in all of its assets (other than assets of the type described in Sections 2(i) –
2(v) hereof) to secure its obligations as a co-borrower or guarantor, and (B) any Canadian Subsidiary which was approved by Borrower’s Board of Directors; in the case of both (A) and (B), provided that after giving effect to the
foregoing, no Default or Event of Default would occur, and subject to Section 5.5(v); 
 (xv) dissolve or elect to dissolve; or 

(xvi) agree to do any of the foregoing, unless such agreement provides that it is subject to the prior written consent of Lender. 

Transactions permitted by the foregoing provisions of this Section are only permitted if no Event of Default has occurred and is continuing, or would occur as
a result of such transaction, except that Permitted SPE Sales, Permitted Whole Loan Sales and Permitted Charged-Off Sales permitted by the foregoing provisions of this Section shall still be permitted unless a material portion of the Obligations has
been accelerated in connection with the occurrence of an Event of Default or a Default or Event of Default has occurred and is continuing under Section 7.1(k) or 7.1(l). 

5.6 Litigation Cooperation. Should any third-party suit or proceeding be instituted by or against Lender with respect to any
Collateral or relating to Borrower and such suit or proceeding is not instituted by Lender against Borrower or any of Borrower’s Affiliates, Borrower shall, without expense to Lender, make available Borrower and its officers, employees and
agents and Borrower’s books and records, to the extent that Lender may deem them reasonably necessary in order to prosecute or defend any such suit or proceeding. 

5.7 Notification of Changes. Borrower will give Lender written notice of any change in its executive officers within ten days
after the date of such change. 

  
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 5.8 Registration of Intellectual Property Rights. 

(a) Borrower shall promptly give Lender written notice of any applications or registrations it files or obtains with respect to Intellectual
Property filed with the United States Patent and Trademark Office or the United States Copyright Office, including the date of any such filing and the registration or application numbers, if any. 

(b) Borrower shall use commercially reasonable efforts to (i) protect, defend and maintain the validity and enforceability of the
Intellectual Property, (ii) detect infringements of the Intellectual Property, and (iii) not allow any material Intellectual Property to be abandoned, forfeited or dedicated to the public except as shall be approved by the Board of
Directors of Borrower. 
 5.9 Deposit of Cash Purchase Price. Borrower shall deposit, or cause to be deposited, into the
Operating Account, the cash Purchase Price received by it, if any, for the sale of Customer Loans and related assets (including any related security). 

5.10 Further Assurances. Borrower agrees, at its expense, on request by Lender, to execute all documents and take all actions,
as Lender, may, in its Good Faith Business Judgment, deem necessary or useful in order to perfect and maintain Lender’s perfected first-priority security interest in the Collateral (subject only to Permitted Liens), and in order to fully
consummate the transactions contemplated by this Agreement. 
 6. TERM. 

6.1 Maturity Date. The financing provided by Lender to Borrower under this Agreement shall continue in effect until the maturity
date set forth on the Schedule (the “Maturity Date”), subject to Section 6.3 below. 
 6.2 Early Termination.
The financing provided by Lender to Borrower under this Agreement may be terminated prior to the Maturity Date as follows: (i) by Borrower, effective 20 days after written notice of termination is given to Lender; or (ii) by Lender at any
time after the occurrence and during the continuance of an Event of Default, without notice, effective immediately. 
 6.3 Payment of
Obligations. On the Maturity Date or on any earlier effective date of termination of the financing provided by Lender to Borrower under this Agreement, Borrower shall pay and perform in full all Obligations (other than the Surviving
Obligations), whether evidenced by installment notes or otherwise, and whether or not all or any part of such Obligations are otherwise then due and payable. Notwithstanding any termination of the financing provided by Lender to Borrower under this
Agreement, all of Lender’s security interests in all of the Collateral and all of the terms and provisions of this Agreement shall continue in full force and effect until all Obligations (other than the Surviving Obligations) have been paid and
performed in full; provided that Lender may, in its sole discretion, refuse to make any further Loans after termination. No termination shall in any way affect or impair any right or remedy of Lender, nor shall any such termination relieve Borrower
of any Obligation to Lender, until all of the Obligations (other than the Surviving Obligations) have been paid and performed in full. Upon payment in full of all of the Obligations (other than the Surviving Obligations), Lender shall, at
Borrower’s expense, release or terminate all financing statements and other filings in favor of Lender as may be required to fully terminate Lender’s security interests, provided that there are no suits, actions, proceedings or claims
pending or threatened against any Person indemnified by Borrower under this Agreement with respect to which indemnity has been or may be sought, upon Lender’s receipt of the following, in form and content satisfactory to Lender: (i) cash
payment in full of all of the Obligations (other than contingent, unmatured indemnification Obligations) and performance by Borrower of all non-monetary Obligations (other than the Surviving Obligations) under this Agreement, (ii) written
confirmation by Borrower that the commitment of Lender to make Loans under this Agreement has terminated, (iii) a general release of all claims against Lender, its officers, directors, agents, attorneys and Affiliates by Borrower relating to
Lender’s performance and obligations under the Loan Documents, on Lender’s standard form, and (iv) an agreement by Borrower to indemnify Lender for any payments received by Lender that are applied to the Obligations that may
subsequently be returned or otherwise not paid for any reason. 
 6.4 Surviving Obligations. Upon termination of the financing
provided by Lender to Borrower under this Agreement and payment in full all Obligations (other than the Surviving Obligations), the provisions of this Agreement shall terminate, provided that the following provisions shall continue in effect and be
applicable to the Surviving Obligations: Sections 5.6, 7.1(k), 7.1(l), 7.2(b), applicable definitions under Section 8, 9.5 through 9.16, 9.19 through 9.20, and Section 3 of the Schedule relating to the Success Fee. 

7. EVENTS OF DEFAULT AND REMEDIES. 

7.1 Events of Default. The occurrence of any of the following events shall constitute an “Event of Default” under this
Agreement, and Borrower shall give Lender immediate written notice thereof: 
 (a) Any warranty, representation, statement, report or
certificate made or delivered to Lender by Borrower or any of Borrower’s officers, employees or agents, now or in the future, shall be untrue or misleading in a material respect when made or deemed to be made; or 

  
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 (b) Except as may be provided otherwise in Section 7.1(c) below, Borrower shall fail to pay
(i) when due any Loan or, (ii) within one Business Day after the date due, any interest thereon, or (iii) within two Business Days after the date due, any other monetary Obligation; or 

(c) if (i) Borrower shall fail to pay any Overadvance within one Business Day after its knowledge thereof, and (ii) Lender shall
give written notice to Borrower that Lender elects to declare an Event of Default based on clause (i) above (and, notwithstanding Section 9.5, such notice may be given by Lender by email, which notice will be effective when given); or 

(d) Borrower shall fail to comply with any non-monetary Obligation which by its nature cannot be cured, or shall fail to comply with the
provisions of Section 5.4 (titled “Access to Collateral, Books and Records”), Section 5.5 (titled “Negative Covenants”), Section 5 of the Schedule (titled “Financial and Other Covenants”) (but subject to
any equity cure provisions that may be set forth in Section 5 of the Schedule), Sections 6(a), 6(d) and 6(f) of the Schedule (titled “Reporting”), or Section 8 of the Schedule (titled “Additional Provisions”); or 

(e) Borrower shall fail to perform any other non-monetary Obligation, which failure is not cured within ten Business Days after the earlier of
the date (i) such failure first becomes known or should have become known in the exercise of reasonable diligence by an officer of Borrower, or (ii) Lender gives written notice thereof to Borrower; or 

(f) any Collateral becomes subject to any Lien (other than a Permitted Lien) which is not released within ten Business Days after the earlier
of the date that (i) such failure first becomes known to an officer of Borrower, or (ii) written notice thereof is given to Borrower by Lender; or 

(g) any Collateral is attached, seized, subjected to a writ or distress warrant, or is levied upon, and such attachment, seizure, writ or
distress warrant or levy has not been removed, discharged or rescinded within 15 days, or if Borrower is enjoined, restrained, or in any way prevented by court order from continuing to conduct all or any material part of its business affairs, or if
the aggregate amount of judgments or other claims that have become Liens on any of the Collateral ever exceeds $250,000 for more than 20 days, or if a notice of lien, levy, or assessment is filed of record with respect to any of the Collateral by
the United States Government, or any department, agency, or instrumentality thereof, or by any state, county, municipal, or governmental agency, and such notice of lien, levy, or assessment is not released within 10 Business Days; 

(h) any default or event of default occurs under any obligation secured by a Permitted Lien in excess of $250,000 (for all such obligations)
(other than any obligation governed by Section 7.1(n) below), which is not cured within any applicable cure period or waived in writing by the holder of the Permitted Lien; or 

(i) Borrower breaches any material contract or obligation (other than any obligation governed by Section 7.1(n) below), which has
resulted or may reasonably be expected to result in a Material Adverse Change; or 
 (j) a final, judgment or judgments for the payment of
money in an amount, individually or in the aggregate, of at least $250,000 shall be rendered against Borrower, and the same remain unsatisfied and unstayed for a period of 10 Business Days or more; or 

(k) Dissolution, termination of existence, temporary or permanent suspension of business, or insolvency of Borrower; or appointment of a
receiver, trustee or custodian (which appointment is not rescinded within 15 Business Days), for all or any part of the property of, assignment for the benefit of creditors by, or the commencement of any Insolvency Proceeding by Borrower; or 

(l) the commencement of any Insolvency Proceeding against Borrower, which is not cured by the dismissal thereof within 60 days after the date
commenced; or 
 (m) with respect to any Permitted SPE Sale, Borrower shall not have been paid at least 75% of the Purchase Price for the
Customer Loans sold or transferred in such Permitted SPE Sale contemporaneously with such sale in cash by depositing the same in the Operating Account; 

(n) an event of default shall occur under any Permitted SPE Financing with a principal amount in excess of $1,000,000 and such event of
default results in the acceleration of amounts owed thereunder or the exercising of remedies with respect to such event of default; or 

(o) Borrower makes any payment on account of any indebtedness or obligation which has been subordinated to the Obligations, other than as
permitted in the applicable subordination agreement, or if any Person who has subordinated such indebtedness or obligations terminates or in any way limits its subordination agreement and Borrower has acquiesced to or taken action that resulted in
such termination or limit; or 
 (p) a Change in Control shall occur; or 

  
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 (q) there is a change in the person(s) holding any two of the positions of Chief Executive
Officer, Chief Operating Officer, or Chief Financial Officer, of the Borrower (e.g., two persons holding the positions of Chief Executive Officer and Chief Operating Officer, respectively, or one person holding both positions of Chief Executive
Officer and Chief Financial Officer, etc.), and such person(s) is not replaced with another person(s) acceptable to Lender in its Good Faith Business Judgment within 30 days after the first date that both such positions are vacant; or 

(r) Borrower shall generally not pay its debts as they become due, or Borrower shall conceal, remove or transfer any part of its property,
with intent to hinder, delay or defraud its creditors, or make or suffer any transfer of any of its property which may be fraudulent under any bankruptcy, fraudulent conveyance or similar law; or 

(s) a Material Adverse Change shall occur. 

Lender may cease making any Loans hereunder during any of the cure periods specified above in clauses (c), (g), (k), or (l), and thereafter if an Event of
Default has occurred and is continuing. 
 7.2 Remedies. Upon the occurrence and during the continuance of any Event of
Default, and at any time thereafter, Lender, at its option, and without notice or demand of any kind (all of which are hereby expressly waived by Borrower), may do any one or more of the following: (a) Cease making Loans or otherwise extending
credit to Borrower under this Agreement or any other Loan Document; (b) Accelerate and declare all or any part of the Obligations to be immediately due, payable, and performable, notwithstanding any deferred or installment payments allowed by
any instrument evidencing or relating to any Obligation; (c) Take possession of any or all of the Collateral wherever it may be found, and for that purpose Borrower hereby authorizes Lender without judicial process to enter onto any of
Borrower’s premises without interference to search for, take possession of, keep, store, or remove any of the Collateral, and remain on the premises or cause a custodian to remain on the premises in exclusive control thereof, without charge for
so long as Lender deems it necessary, in its Good Faith Business Judgment, in order to complete the enforcement of its rights under this Agreement or any other agreement; provided, however, that should Lender seek to take possession of any of the
Collateral by court process, Borrower hereby irrevocably waives: (i) any bond and any surety or security relating thereto required by any statute, court rule or otherwise as an incident to such possession; (ii) any demand for possession
prior to the commencement of any suit or action to recover possession thereof; and (iii) any requirement that Lender retain possession of, and not dispose of, any such Collateral until after trial or final judgment; (d) Require Borrower to
assemble any or all of the Collateral and make it available to Lender at places designated by Lender which are reasonably convenient to Lender and Borrower, and to remove the Collateral to such locations as Lender may deem advisable;
(e) Complete the processing, manufacturing or repair of any Collateral prior to a disposition thereof and, for such purpose and for the purpose of removal, Lender shall have the right to use Borrower’s premises, Equipment and all other
property without charge; (f) Sell, lease or otherwise dispose of any of the Collateral, in its condition at the time Lender obtains possession of it or after further manufacturing, processing or repair, at one or more public and/or private
sales, in lots or in bulk, for cash, exchange or other property, or on credit, and to adjourn any such sale from time to time without notice other than oral announcement at the time scheduled for sale. Lender shall have the right to conduct such
disposition on Borrower’s premises without charge, for such time or times as Lender deems reasonable, or on Lender’s premises, or elsewhere and the Collateral need not be located at the place of disposition. Lender may directly or through
any Affiliate purchase or lease any Collateral at any such public disposition, and if permissible under applicable law, at any private disposition. Any sale or other disposition of Collateral shall not relieve Borrower of any liability Borrower may
have if any Collateral is defective as to title or physical condition or otherwise at the time of sale; (g) demand payment of, and collect any Accounts, General Intangibles, Customer Loans and other Collateral and, in connection therewith,
Borrower irrevocably authorizes Lender to endorse or sign Borrower’s name on all collections, receipts, instruments and other documents, to take possession of and open mail addressed to Borrower and remove therefrom payments made with respect
to any item of the Collateral or proceeds thereof, and, in Lender’s Good Faith Business Judgment, to grant extensions of time to pay, compromise claims and settle any of the foregoing for less than face value; (h) demand and receive
possession of any of Borrower’s federal and state income tax returns and the books and records utilized in the preparation thereof or referring thereto; and (i) set off any of the Obligations against any general, special or other Deposit
Accounts of Borrower maintained with Lender. All reasonable attorneys’ fees, expenses, costs, liabilities and obligations incurred by Lender with respect to the foregoing shall be added to and become part of the Obligations, shall be due on
demand, and shall bear interest at a rate equal to the highest interest rate applicable to any of the Obligations. Without limiting any of Lender’s rights and remedies, from and after the occurrence and during the continuance of any Event of
Default, the interest rate applicable to the Obligations shall be increased by an additional two percent per annum (the “Default Rate”). 

7.3 Standards for Determining Commercial Reasonableness. Borrower and Lender agree that a sale or other disposition
(collectively, “Sale”) of any Collateral which complies with the following standards will conclusively be deemed to be commercially reasonable: (i) notice of the Sale is given to Borrower at least ten days prior to the Sale, and, in
the case of a public Sale, notice of the Sale is published at least five days before the date of the Sale in a newspaper of general circulation in the county where the Sale is to be conducted; (ii) notice of the Sale describes the Collateral in
general, non-specific terms; 

  
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(iii) the Sale is conducted at a place designated by Lender, with or without the Collateral being present; (iv) the Sale commences at any time between 8:00 a.m. and 6:00 p.m;
(v) payment of the purchase price in cash or by cashier’s check or wire transfer is required; (vi) with respect to any Sale of any of the Collateral, Lender may (but is not obligated to) direct any prospective purchaser to ascertain
directly from Borrower any and all information concerning the same. Lender shall be free to employ other methods of noticing and selling the Collateral, in its discretion, if they are commercially reasonable. 

7.4 Investment Property. If an Event of Default has occurred and is continuing, Borrower shall hold all payments on, and
proceeds of, and distributions with respect to, Investment Property in trust for Lender, and Borrower shall deliver all such payments, proceeds and distributions to Lender, immediately upon receipt, in their original form, duly endorsed, to be
applied to the Obligations in such order as Lender shall determine. Borrower recognizes that Lender may be unable to make a public sale of any or all of the Investment Property, by reason of prohibitions contained in applicable securities laws or
otherwise, and expressly agrees that a private sale to a restricted group of purchasers for investment and not with a view to any distribution thereof shall be considered a commercially reasonable sale thereof. 

7.5 Power of Attorney. Upon the occurrence and during the continuance of any Event of Default, without limiting Lender’s
other rights and remedies, Borrower grants to Lender an irrevocable power of attorney coupled with an interest, authorizing and permitting Lender (acting through any of its employees, attorneys or agents) at any time, at its option, but without
obligation, with or without notice to Borrower, and at Borrower’s expense, to do any or all of the following, in Borrower’s name or otherwise, but Lender agrees that if it exercises any right hereunder, it will do so in good faith and in a
commercially reasonable manner: (a) execute on behalf of Borrower any documents that Lender may, in its Good Faith Business Judgment, deem advisable in order to perfect and maintain Lender’s security interest in the Collateral, or in order
to exercise a right of Borrower or Lender, or in order to fully consummate all the transactions contemplated under this Agreement, and all other Loan Documents; (b) execute on behalf of Borrower, any invoices relating to any Account or other
Collateral, any draft against any Account Debtor and any notice to any Account Debtor, any proof of claim in bankruptcy, any Notice of Lien, claim of mechanic’s, materialman’s or other Lien, or assignment or satisfaction of
mechanic’s, materialman’s or other Lien; (c) take control in any manner of any cash or non-cash items of payment or proceeds of Collateral; endorse the name of Borrower upon any instruments, or documents, evidence of payment or
Collateral that may come into Lender’s possession; (d) endorse all checks and other forms of remittances received by Lender; (e) pay, contest or settle any Lien and adverse claim in or to any of the Collateral, or any judgment based
thereon, or otherwise take any action to terminate or discharge the same; (f) grant extensions of time to pay, compromise claims and settle Accounts, General Intangibles and Customer Loans for less than face value and execute all releases and
other documents in connection therewith; (g) pay any sums required on account of Borrower’s taxes or to secure the release of any Liens therefor, or both; (h) settle and adjust, and give releases of, any insurance claim that relates
to any of the Collateral and obtain payment therefor; (i) instruct any third party having custody or control of any books or records belonging to, or relating to, Borrower to give Lender the same rights of access and other rights with respect
thereto as Lender has under this Agreement; and (j) take any action or pay any sum required of Borrower pursuant to this Agreement and any other Loan Documents; (k) enter into a short-form intellectual property security agreement
consistent with the terms of this Agreement for recording purposes only or modify, in its sole discretion, any intellectual property security agreement entered into between Borrower and Lender without first obtaining Borrower’s approval of or
signature to such modification by amending exhibits thereto, as appropriate, to include reference to any right, title or interest in any Copyrights, Patents or Trademarks acquired by Borrower after the execution hereof or to delete any reference to
any right, title or interest in any Copyrights, Patents or Trademarks in which Borrower no longer has or claims to have any right, title or interest; and (l) file, in its sole discretion, one or more financing or continuation statements and
amendments thereto, relative to any of the Collateral; provided Lender may exercise such power of attorney to sign the name of Borrower on any of the documents described in clauses (k) and (l) above, regardless of whether an Event of
Default has occurred. Any and all reasonable sums paid and any and all reasonable costs, expenses, liabilities, obligations and attorneys’ fees incurred by Lender with respect to the foregoing shall be added to and become part of the
Obligations, shall be payable on demand, and shall bear interest at a rate equal to the highest interest rate applicable to any of the Obligations. In no event shall Lender’s rights under the foregoing power of attorney or any of Lender’s
other rights under this Agreement be deemed to indicate that Lender is in control of the business, management or properties of Borrower. 

7.6 Application of Proceeds. All proceeds realized as the result of any Sale of the Collateral shall be applied by Lender first
to the reasonable costs, expenses, liabilities, obligations and attorneys’ fees incurred by Lender in the exercise of its rights under this Agreement, second to the interest due upon any of the Obligations, and third to the principal of the
Obligations, in such order as Lender shall determine in its sole discretion. Any surplus shall be paid to Borrower or other persons legally entitled thereto; Borrower shall remain liable to Lender for any deficiency. If, Lender, in its Good Faith
Business Judgment, directly or indirectly enters into a deferred payment or other credit transaction with any purchaser at any Sale of Collateral, Lender shall have the option, exercisable at any time, in its Good Faith Business Judgment, of either
reducing the Obligations by the principal amount of purchase price or deferring the reduction of the Obligations until the actual receipt by Lender of the cash therefor. 

  
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 7.7 Remedies Cumulative. In addition to the rights and remedies set forth in this
Agreement, Lender shall have all the other rights and remedies accorded a secured party under the Uniform Commercial Code and under all other applicable laws, and under any other instrument or agreement now or in the future entered into between
Lender and Borrower, and all of such rights and remedies are cumulative and none is exclusive. Exercise or partial exercise by Lender of one or more of its rights or remedies shall not be deemed an election, nor bar Lender from subsequent exercise
or partial exercise of any other rights or remedies. The failure or delay of Lender to exercise any rights or remedies shall not operate as a waiver thereof, but all rights and remedies shall continue in full force and effect until all of the
Obligations have been fully paid and performed. 
 7.8 Liability. Lender shall not be responsible or liable for any error,
act, omission, or delay of any kind occurring in the settlement, failure to settle, collection or failure to collect any Customer Loan, or for settling any Customer Loan in good faith for less than the full amount thereof, nor shall Lender be deemed
to be responsible for any of Borrower’s obligations under any contract or agreement giving rise to any Customer Loan or any Customer Loan Documentation, provided in each case that it acts in its Good Faith Business Judgment. Nothing in this
Section 7.8 shall, however, relieve Lender from liability for its own gross negligence or willful misconduct. 
 8. DEFINITIONS. As used
in this Agreement, the following terms have the following meanings: 
 “Account Debtor” means the obligor on an Account,
General Intangible, Customer Loan or other Collateral. 
 “Accounts” means all present and future “accounts” as
defined in the Uniform Commercial Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all accounts receivable and other sums owing to Borrower. 

“Affiliate” means, with respect to any Person, another Person that, directly or indirectly, through one or more
intermediaries, Controls or is Controlled by or is under common Control with the Person specified. 
 “Approved Fund” means
any Person that, in the ordinary course of its business, is engaged in making, purchasing, holding or investing in bank loans and similar extensions of credit that generally have an original par amount in excess of $10,000,000 and that is
administered or managed by an entity that is not included in the list of entities set forth in clause (b) of the definition of Direct Competitor or any Affiliate thereof. 

“Borrower’s Credit Policy” shall mean Borrower’s Credit Policy dated April 14, 2014, a copy of which is
attached hereto as Exhibit A, with such changes thereto after the date hereof as are from time to time approved by the Credit Committee of the Board of Directors of Borrower, provided that (i) the Credit Policy continues to be similar to the
credit policy attached hereto as Exhibit A and (ii) any such changes would not reasonably be expected to be materially adverse to Lender. 

“Business Day” means a day on which Lender is open for business. 

“Canadian Subsidiary” means a Subsidiary organized under the laws of Canada or any province thereof. 

“Change in Control” means a transaction other than a bona fide equity financing or series of financings on terms and from
investors reasonably acceptable to Lender in which any “person” or “group” (within the meaning of Section 13(d) and 14(d)(2) of the Securities Exchange Act of 1934) becomes the “beneficial owner” (as defined in
Rule 13d-3 under the Securities Exchange Act of 1934), directly or indirectly, of a sufficient number of shares of all classes of stock then outstanding of Borrower ordinarily entitled to vote in the election of directors, empowering such
“person” or “group” to elect a majority of the Board of Directors of Borrower, who did not have such power before such transaction, provided that for the avoidance of doubt, an initial underwritten public offering of stock of the
Borrower pursuant to an effective registration statement filed with the Securities and Exchange Commission in accordance with the Securities Act of 1933, as amended (an “Initial Public Offering”), shall not constitute a “Change of
Control” under this Agreement. 
 “Code” means the Uniform Commercial Code as adopted and in effect in the State of
North Carolina from time to time. 
 “Collateral” has the meaning set forth in Section 2 above. 

“Contingent Obligation” means, as applied to any Person, any direct or indirect liability, contingent or otherwise, of that
Person with respect to (i) any indebtedness, lease, dividend, letter of credit or other obligation of another, including, without limitation, any such obligation directly or indirectly guaranteed, endorsed, co-made or discounted or sold with
recourse by that Person, or in respect of which that Person is otherwise directly or indirectly liable; (ii) any obligations with respect to undrawn letters of credit, corporate credit cards or merchant services issued for the account of that
Person; and (iii) all obligations arising under any interest rate, currency or commodity swap agreement, interest rate cap agreement, interest rate collar agreement, or other agreement or arrangement designated to protect a Person against
fluctuation in interest rates, currency exchange rates or commodity prices; provided, however, that the term “Contingent Obligation” shall not include endorsements for collection or deposit in the ordinary course of business. The amount of
any Contingent Obligation shall be deemed to be an amount equal to the stated or determined amount of the primary obligation in respect of which such 

  
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Contingent Obligation is made or, if not stated or determinable, the maximum reasonably anticipated liability in respect thereof as determined by such Person in good faith; provided, however,
that such amount shall not in any event exceed the maximum amount of the obligations under the guarantee or other support arrangement. 

“continuing” and “during the continuance of” when used with reference to a Default or Event of Default means
that the Default or Event of Default has occurred and has not been either waived in writing by Lender or cured within any applicable cure period. 

“Control” means the possession, directly or indirectly, of the power to direct or cause the direction of the management or
policies of a Person, whether through the ability to exercise voting power, by contract or otherwise. “Controlling” and “Controlled” have meanings correlative thereto. 

“Copyrights” means any and all copyright rights, copyright applications, copyright registrations and like protections in each
work or authorship and derivative work thereof, whether published or unpublished and whether or not the same also constitutes a trade secret, now or hereafter existing, created, acquired or held. 

“Customer Loan” means a commercial loan made by Borrower in the ordinary course of Borrower’s business, or by the
Originating Bank and acquired by Borrower from the Originating Bank in the ordinary course of Borrower’s business, and all sums due from the Customer Loan Obligor in connection therewith, which loan has not been sold or transferred, or
purported to be sold or transferred, by Borrower. 
 “Customer Loan Documentation” means the promissory notes, loan
agreements and other documentation entered into from time to time between Borrower and its customers relating to Customer Loans, as such documentation may be amended from time to time in accordance with the Credit Policy. 

“Customer Loan Obligor” means the person or entity to whom a loan is made by Borrower in the ordinary course of its business,
and any guarantor thereof or other person liable thereon. 
 “Daily Pay Customer Loan” means any Customer Loan for which
Payments are generally due on every Business Day. 
 “Default” means any event which with notice or passage of time or
both, would constitute an Event of Default. 
 “Default Rate” has the meaning set forth in Section 7.2 above. 

“Deposit Accounts” means all present and future “deposit accounts” as defined in the Code in effect on the date
hereof with such additions to such term as may hereafter be made, and includes without limitation all general and special bank accounts, demand accounts, checking accounts, savings accounts and certificates of deposit. 

“Direct Competitor” means (a) any Person engaged in the same or similar line of business as Borrower, (b) any
Person that is a direct competitor of Borrower or any Subsidiary of Borrower and is identified as such by Borrower to Lender prior to the date hereof (as such list is updated by Borrower from time to time, and acknowledged in writing by Lender (such
acknowledgment not to be unreasonably withheld)) or (c) any Affiliate of any such Person; provided that, any Person (other than any Person listed in clause (b) and their Affiliates) that either (i) both (A) has a market
capitalization equal to or greater than $5 billion and (B) that is in the business of investing in commercial loans that generally have an original par amount in excess of $10,000,000 or (ii) that is an Approved Fund, shall in either case
not be deemed a “Direct Competitor” hereunder. 
 “Domestic Subsidiary” means a Subsidiary organized under the
laws of the United States or any state or territory thereof or the District of Columbia. 
 “Equipment” means all present
and future “equipment” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all machinery, fixtures, goods, vehicles (including motor vehicles and
trailers), and any interest in any of the foregoing. 
 “Event of Default” means any of the events set forth in
Section 7.1 of this Agreement. 
 “Excluded Account” means all Deposit Accounts other than the Operating Account and
any other Deposit Account held at Lender or with respect to which Borrower, Lender and the depositary bank have executed and delivered a deposit account control agreement. 

“Expected Yield” means, with respect to any Customer Loan, the expected aggregate annualized rate of return (calculated
inclusive of all interest and fees (other than any Upfront Fees)) of such Customer Loan over the life of such Customer Loan (assuming (x) in the case of a Daily Pay Customer Loan, a 252 or 257-day, as applicable, year, and (y) in the case
of a Weekly Pay Customer Loan, a 52-week year (or, in any case, such other number of payment days set forth in the Credit Policy for a 12-month term Customer Loan). 

  
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 “FFOR” means Fund for ODC Receivables LLC, a Delaware limited liability company
and wholly owned Subsidiary of the Borrower. 
 “GAAP” means generally accepted accounting principles consistently applied,
as in effect from time to time in the United States. 
 “General Intangibles” means all present and future “general
intangibles” as defined in the Code in effect on the date hereof with such additions to such term as may hereafter be made, and includes without limitation all Intellectual Property, payment intangibles, royalties, contract rights, goodwill,
franchise agreements, purchase orders, customer lists, route lists, telephone numbers, domain names, claims, income tax refunds, security and other deposits, options to purchase or sell real or personal property, rights in all litigation presently
or hereafter pending (whether in contract, tort or otherwise), insurance policies (including without limitation key man, property damage, and business interruption insurance), payments of insurance and rights to payment of any kind. 

“Good Faith Business Judgment” means Lender’s business judgment, exercised reasonably (from the perspective of an
asset-based lender), honestly and in good faith and not arbitrarily. 
 “including” means including (but not limited to).

 “Indebtedness” means (a) all indebtedness created, assumed or incurred in any manner by Borrower representing money
borrowed (including by the issuance of debt securities, notes, bonds debentures or similar instruments), (b) all indebtedness for the deferred purchase price of property or services, (c) the Obligations, (d) obligations and
liabilities of any Person secured by a Lien or claim on property owned by Borrower, even though Borrower has not assumed or become liable therefor, (e) obligations and liabilities created or arising under any capital lease or conditional sales
contract or other title retention agreement with respect to property used or acquired by Borrower, even though the rights and remedies of the lessor, seller or lender are limited to repossession or otherwise limited; (f) all obligations of
Borrower on or with respect to letters of credit, bankers’ acceptances and other similar extensions of credit whether or not representing obligations for borrowed money; and (g) the amount of any Contingent Obligations. 

“Intellectual Property” means all of Borrower’s right, title, and interest in and to the following: Copyrights,
Trademarks and Patents; any and all trade secrets, and any and all intellectual property rights in computer software and computer software products now or hereafter existing, created, acquired or held; any and all design rights which may be
available to Borrower now or hereafter existing, created, acquired or held; any and all claims for damages by way of past, present and future infringement of any of the rights included above, with the right, but not the obligation, to sue for and
collect such damages for said use or infringement of the intellectual property rights identified above; all licenses or other rights to use any of the Copyrights, Patents or Trademarks, and all license fees and royalties arising from such use; and
all amendments, renewals and extensions of any of the Copyrights, Trademarks or Patents. 
 “Insolvency Proceeding” means
any proceeding commenced by or against any Person or entity under any provision of the United States Bankruptcy Code, as amended, or under any other state, federal or other bankruptcy or insolvency law, now or hereafter in effect, including
assignments for the benefit of creditors, formal or informal moratoria, compositions, extension generally with its creditors, or proceedings seeking reorganization, arrangement, readjustment of debt, dissolution or liquidation, or other relief. 

“Inventory” means all present and future “inventory” as defined in the Code in effect on the date hereof with such
additions to such term as may hereafter be made, and includes without limitation all merchandise, raw materials, parts, supplies, packing and shipping materials, work in process and finished products, including without limitation such inventory as
is temporarily out of Borrower’s custody or possession or in transit, and including any returned goods and any documents of title representing any of the above. 

“Investment” means any beneficial ownership interest in any Person (including stock, securities, partnership interest,
limited liability company interest, or other interests), and any loan, advance or capital contribution to any Person, including the creation or capital contribution to a wholly-owned or partially-owned Subsidiary) 

“Investment Property” means all present and future investment property, securities, stocks, bonds, debentures, debt
securities, partnership interests, limited liability company interests, options, security entitlements, securities accounts, commodity contracts, commodity accounts, and all financial assets held in any securities account or otherwise, and all
options and warrants to purchase any of the foregoing, wherever located, and all other securities of every kind, whether certificated or uncertificated. 

“Lien” means any mortgage, lien, deed of trust, charge, pledge, security interest or other encumbrance. 

  
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 “Loan Documents” means, collectively, this Agreement, the Representations, and
all other present and future documents, instruments and agreements between Lender and Borrower relating to this Agreement, and all amendments and modifications thereto and replacements therefor. 

“Material Adverse Change” means a material adverse effect on (i) the operations, business or financial condition of
Borrower taken as a whole, (ii) the ability of Borrower to repay the Obligations or otherwise perform, in all material respects, its obligations under the Loan Documents, or (iii) Borrower’s interest in, or the value, perfection or
priority of Lender’s security interest in the Collateral. 
 “Material Modification” means, with respect to any
Customer Loan, a reduction in the interest rate, an extension of the term, a reduction in any required payment or extension of a payment date or a reduction in the outstanding Principal Balance, or a release of any guarantor in each case as
reflected in an amendment to the Customer Loan Documentation. 
 “Obligations” means all present and future Loans,
advances, debts, liabilities, obligations, guaranties, covenants, duties and indebtedness at any time owing by Borrower to Lender, whether evidenced by this Agreement, the Loan Documents, or any note or other instrument or document, or otherwise,
whether arising from an extension of credit, opening of a letter of credit, banker’s acceptance, loan, guaranty, indemnification or otherwise, whether direct or indirect (including, without limitation, those acquired by assignment and any
participation by Lender in Borrower’s debts owing to others, and any interest and other obligations that accrue after the commencement of an Insolvency Proceeding), absolute or contingent, due or to become due, including, without limitation,
all interest, charges, expenses, fees, attorney’s fees, expert witness fees, audit fees, letter of credit fees, collateral monitoring fees, closing fees, facility fees, termination fees, minimum interest charges and any other sums chargeable to
Borrower under this Agreement or under any other Loan Documents. 
 “Operating Account” means the deposit account of
Borrower numbered 1830006548 at MB Financial Bank (or any successor account thereto held with a bank that has entered into with Lender a deposit account control agreement covering such account in form and substance reasonably acceptable to Lender).

 “Originating Bank” means BofI Federal Bank or another chartered bank that originates Customer Loans. 

“Other Property” means the following as defined in the Code in effect on the date hereof with such additions to such term as
may hereafter be made, and all rights relating thereto: all present and future “commercial tort claims” (including without limitation any commercial tort claims identified in the Representations), “documents”,
“instruments”, “promissory notes”, “chattel paper”, “letters of credit”, “letter-of-credit rights”, “fixtures”, “farm products” and “money”; and all other goods and
personal property of every kind, tangible and intangible, whether or not governed by the Code. 
 “Overadvance” is defined
in Section 1.3. 
 “Patents” means all patents, patent applications and like protections including without limitation
improvements, divisions, continuations, renewals, reissues, extensions and continuations-in-part of the same. 
 “Payment”
means all checks, wire transfers and other items of payment received by Lender for credit to Borrower’s outstanding Loans. 

“Permitted Charged-Off Sale” means the sale of Charged-Off Customer Loans and related assets (including any related security)
by the Borrower to any third party from time to time pursuant to the terms of any document or agreement entered into between the Borrower and such third party, in good-faith and in an arm’s length transaction, providing for the sale of specific
assets by the Borrower to such third party in the ordinary course of the Borrower’s business; provided, that such sale is made without representation, warranty or recourse of any kind by Borrower (other than customary representations regarding
title and absence of liens on the Charged-Off Customer Loans, and the status of Borrower, due authorization, enforceability, no conflict and no required consents in respect of such sale), and provided that 100% of the Purchase Price for such
Customer Loans shall be paid contemporaneously with such sale in cash by depositing the same in the Operating Account. 
 “Permitted
Guarantee” means any (i) unsecured guarantee by the Borrower (or similar instrument providing unsecured recourse to Borrower) of up to 5% of the obligations of, or commitments to, an SPE under any Permitted SPE Financing, plus any
expenses related to the enforcement thereof, (ii) unsecured guarantee by the Borrower (or similar instrument providing unsecured recourse to Borrower) of the obligations of, or commitments to, an SPE under any Permitted SPE Financing, plus any
expenses related to the enforcement thereof, which guarantee is triggered upon the occurrence of certain actions or omission to act by the Borrower, applicable SPE and other related persons, or (iii) the payment of any expenses of an SPE in
connection with the SPE’s establishment and entry into a Permitted SPE Financing. 
 “Permitted Indebtedness” means:

 (i) the Obligations; 

  
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 (ii) Indebtedness existing on the date hereof in a total principal amount set forth on the
Schedule; 
 (iii) trade payables incurred in the ordinary course of business; 

(iv) Indebtedness incurred as a result of endorsing negotiable instruments received in the ordinary course of business; 

(v) capitalized leases and purchase money Indebtedness secured by Permitted Liens in an aggregate amount not exceeding $1,000,000 at any time
outstanding, provided the amount of such capitalized leases and purchase money Indebtedness do not exceed, at the time they were incurred, the lesser of the cost or fair market value of the property so leased or financed with such Indebtedness; 

(vi) amounts owed pursuant to any real property lease of the Borrower for Borrower’s locations; 

(vii) accounting accruals associated with legal, audit, marketing and consulting costs incurred in the ordinary course of Borrower’s
business; 
 (viii) Indebtedness under any Permitted Guarantee; 

(ix) Indebtedness of Borrower under any letter of credit issued on behalf of Borrower in favor of a landlord under a real property lease of
the Borrower; and 
 (x) extensions, refinancings, modifications, amendments and restatements of any items of Permitted Indebtedness in
clauses (ii) through (x) above, provided that the principal amount thereof is not increased and the terms thereof are not modified to impose more burdensome terms upon Borrower. 

“Permitted Investments” means: 

(i) Investments existing on the date hereof and disclosed on Exhibit B; 

(ii) Marketable direct obligations issued or unconditionally guaranteed by the United States of America or any agency or any State thereof
maturing within one year from the date of acquisition thereof, commercial paper maturing no more than one year from the date of creation thereof and currently having rating of at least A-2 or P-2 from either Standard & Poor’s
Corporation or Moody’s Investors Service, Lender’s certificates of deposit maturing no more than one year from the date of investment therein, and Lender’s money market accounts; Investments in regular deposit or checking accounts
held with Lender or subject to a control agreement in favor of Lender; 
 (iii) Investments not to exceed $250,000 outstanding in the
aggregate at any time consisting of (i) travel advances and employee relocation loans and other employee loans and advances in the ordinary course of business, and (ii) loans to employees, officers or directors relating to the purchase of
equity securities of Borrower or its Subsidiaries pursuant to employee stock purchase plan agreements approved by Borrower’s Board of Directors; 

(iv) Investments (including debt obligations) received in connection with the bankruptcy or reorganization of customers or suppliers and in
settlement of delinquent obligations of, and other disputes with, customers or suppliers arising in the ordinary course of Borrower’s business; 

(v) Investments consisting of notes receivable of, or prepaid royalties and other credit extensions, to customers and suppliers who are not
Affiliates, in the ordinary course of business; and 
 (vi) Investments in an SPE in connection with a Permitted SPE Sale. 

“Permitted Liens” means the following: 

(i) purchase money security interests in specific items of Equipment; 

(ii) leases of specific items of Equipment; 

(iii) Liens for taxes fees, assessments or other governmental charges or levies either (y) not delinquent not yet payable or
(z) being contested in good faith and for which Borrower maintains adequate reserves on its books, provided that such Lien shall not have priority over any of the Liens of Lender in the Collateral; 

(iv) additional security interests which are consented to in writing by Lender, which consent may be withheld in its Good Faith Business
Judgment, and which are subordinate to the security interest of Lender pursuant to a Subordination Agreement in such form and containing such provisions as Lender shall specify in its Good Faith Business Judgment; 

(v) Liens arising from judgments, decrees or attachments in circumstances not constituting an Event of Default; 

(vi) security interests being terminated substantially concurrently with this Agreement; 

  
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 (vii) Liens (other than Liens imposed by ERISA) incurred in the ordinary course of business to
secure payment of workers compensation, unemployment insurance, social security and other like laws or to secure the performance of statutory obligations, in an aggregate amount not exceeding $250,000 at any time; 

(viii) Liens of mechanics, materialmen, workers, repairmen, fillers and common carriers arising by operation of law for amounts that are not
yet due and payable or which are being contested in good faith by Borrower by appropriate proceedings, in an aggregate amount not exceeding $25,000 at any time; and 

(ix) deposits or pledges of cash to secure bids, tenders, contracts (other than contracts for the payment of money), leases, surety and
appeal bonds and other obligations of a like nature arising in the ordinary course of business, in an aggregate amount not exceeding $250,000 at any time; 

(x) Liens in favor of Lender; 

(xi) Liens disclosed in the Representations; 

(xii) (A) Liens in favor of an SPE intended as a “fall back” Lien should a Permitted SPE Sale of Customer Loans from Borrower
to such SPE fail to qualify as a “true sale” within the meaning of the applicable Uniform Commercial Code and provided such Liens are limited to the assets sold or transferred; and (B) Liens in favor of a purchaser of Customer Loans
in a Permitted Whole Loan Sale intended as a “fall back” Lien should a sale or transfer of such Customer Loans from Borrower to such purchaser fail to qualify as a “true sale” within the meaning of the applicable Uniform
Commercial Code and provided such Liens are limited to the assets sold or transferred (or purported to be sold or transferred); 
 (xiii)
Liens of BofI Federal Bank (“BOFI”) in account nos. 200000100897 and 200000102133 pledged to support Borrower’s obligations pursuant to the terms of the Master Business Loan Marketing Agreement between Borrower and BOFI dated
July 19, 2012 (as amended, restated or modified from time to time, the “BOFI Agreement”), provided, however that the amount in such account shall not exceed the minimum commercially reasonable amount necessary to support
Borrower’s obligations under the BOFI Agreement; 
 (xiv) licenses, sublicenses, leases or subleases granted to third parties in the
ordinary course of business, provided they are non-exclusive and do not interfere with the business of Borrower; and 
 (xvi) Liens in
favor of collecting banks arising under Section 4-210 of any Uniform Commercial Code. 
 Lender will have the right to require, as a condition to its
consent under subparagraph (iv) above, that the holder of the additional security interest or voluntary Lien sign a subordination agreement on Lender’s then standard form, acknowledge that the security interest is subordinate to the
security interest in favor of Lender, and agree not to take any action to enforce its subordinate security interest so long as any Obligations remain outstanding, and that Borrower agree that any uncured default in any obligation secured by the
subordinate security interest shall also constitute an Event of Default under this Agreement. 
 “Permitted SPE Financing”
has the meaning ascribed to it in the definition of “Permitted SPE Sale”. 
 “Permitted SPE Sale” means
the sale of Customer Loans and related assets (including any related security) by the Borrower to any SPE from time to time pursuant to the terms of any document or agreement entered into between the Borrower and such SPE providing for the sale of
specific assets by the Borrower to such SPE in the ordinary course of the Borrower’s business, in connection with a bona fide financing transaction (each such financing, a “Permitted SPE Financing”). 

“Permitted Whole Loan Sale” means the sale of Customer Loans by the Borrower to any Person who is not an Affiliate from time
to time pursuant to the terms of any whole loan sale program entered into between the Borrower and such Person providing for the sale of specific assets by the Borrower to such Person in the ordinary course of the Borrower’s business; provided,
in each case, that 100% of the Purchase Price for such Customer Loans shall be paid contemporaneously with such sale in cash by depositing the same in the Operating Account. 

“Person” means any individual, sole proprietorship, partnership, joint venture, limited liability company, trust,
unincorporated organization, association, corporation, government, or any agency or political division thereof, or any other entity. 

“Prime Rate” means the variable rate of interest per annum, most recently announced by Lender as its “prime rate”
(whether or not such announced rate is the lowest rate available from Lender). 
 “Principal Balance” means, in respect of
any Customer Loans, as of any date of determination, an amount determined by application of the following procedure: (i) first, take the original aggregate unpaid principal balance of such Customer Loan; (ii) second, take the number of
loan payments required to be made in respect of such Customer Loan in accordance with such customer’s then current Customer Loan Documentation; (iii) third, take the Expected Yield for such Customer Loan

  
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(calculated based upon such customer’s then current Customer Loan Documentation); (iv) fourth, take the number of loan payments that have been made in respect of such Customer Loan as
of (and including) such date; (v) fifth, for each such loan payment that has been made in respect of such Customer Loan as of (and including) such date, assume that such payment was comprised of (1) a deemed interest portion (calculated
based upon the Expected Yield), and (2) a deemed principal portion comprised of the remainder of such loan payment (if any) after the deemed interest portion has been deducted; and (vi) sixth, for each such loan payment that has been made
in respect of such Customer Loan as of (and including) such date, apply such payment as described in clause (v) above, and reduce the original aggregate unpaid principal balance of such Customer Loan (with respect to the first payment received
with respect to such Customer Loan) or the Deemed Unpaid Principal Balance (as defined below) (with respect to each other payment received with respect to such Customer Loan) by the deemed principal portion calculated as described in clause
(v) above - the result after application of the deemed principal portion will be the “Deemed Unpaid Principal Balance” of such Customer Loan as of such date. On any date of determination, In respect of any Customer Loan as of such
date of determination, the “Principal Balance” of such Customer Loan shall be the original aggregate unpaid principal balance of such Customer Loan (if no payments have been received in respect of such Customer Loan) or the “Deemed
Unpaid Principal Balance” of such Customer Loan (if one or more payments have been received in respect of such Customer Loan). 

“Purchase Price” with respect to a Customer Loan means an amount received by Borrower in connection with the sale by Borrower
of such Customer Loan, which in the case of a Permitted SPE Sale or a Permitted Whole Loan Sale shall not be less than the Principal Balance of the Customer Loan at the date of the sale 

“Qualified Cash” means Borrower’s cash held in the Operating Account provided that the bank at which the Operating
Account is held has entered into with Lender a deposit account control agreement covering such account, providing Lender with a first-priority security interest in such cash, in form and substance reasonably acceptable to Lender, and that such
deposit account control agreement remains in full force and effect and no termination thereof, or closure of the Operating Account, is pending. 

“Qualified Customer Loans” means Customer Loans, which meet all of the Minimum Qualification Requirements. The “Minimum
Qualification Requirements” are as follows: 
  

	 	(i)	the Customer Loan shall meet all of the requirements of Borrower’s Credit Policy, and shall not have reached its maturity date; 

 

	 	(ii)	all payments on the Customer Loan shall be in equal payments, due on each of the regular scheduled payment dates per year, which fully amortize the principal amount of the Customer Loan and all interest thereon over the
term of the Customer Loan, and Borrower shall be permitted to cause such payments to be made by ACH debit, pursuant to authority from the Customer Loan Obligor in the Customer Loan Documentation; 

 

	 	(iii)	shall not have a Missed Payment Factor (as defined in the Schedule) of more than 10; 

  

	 	(iv)	the Customer Loan Documentation relating to the Customer Loan shall conform in all material respects to the Borrower’s current form of Customer Loan Documentation or otherwise be acceptable to Lender in its Good
Faith Business Judgment and shall comply with all of Borrower’s representations and warranties herein; 

  

	 	(v)	the Customer Loan Documentation relating to the Customer Loan shall not have been subject to a Material Modification, without the Lender’s prior written consent; 

 

	 	(vi)	repayment of the Customer Loan shall not be subject to any contingencies; 

  

	 	(vii)	the Customer Loan shall not be owing from a Customer Loan Obligor who has or has asserted any defense or counterclaim (whether or not relating to the particular Customer Loan), but if a Customer Loan is owing from a
Customer Loan Obligor who has or has asserted any defense or counterclaim, the Customer Loan will not be Qualified under this clause only to the extent of the amount of the defense or counterclaim; 

 

	 	(viii)	the Customer Loan shall not be owing from an Affiliate of Borrower; 

  

	 	(ix)	the Customer Loan shall arise from a loan made for business purposes and not personal, family or household purposes; 

  

	 	(x)	the Customer Loan shall not be owing from a Customer Loan Obligor which is subject to any Insolvency Proceeding, or which fails or goes out of a material portion of its business; 

 

	 	(xi)	the Customer Loan shall not be owing from a Customer Loan Obligor located outside the United States; 

  

	 	(xii)	[Reserved]; 

  
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	 	(xiii)	To Borrower’s best knowledge, no facts, events or occurrences exist that, in any way, impair the validity or enforceability of such Customer Loan or tend to reduce the amount payable thereunder from the amounts
shown thereon or on any schedule submitted to Lender; 

  

	 	(xiv)	To Borrower’s best knowledge, each Customer Loan Obligor under such Customer Loan had the capacity to contract at the time any contract or other document giving rise to the Customer Loan was executed;

  

	 	(xv)	All requirements of applicable federal, state and local laws, and regulations, including, without limitation, usury laws and truth-in-lending disclosure laws, in respect of such Customer Loan and all Customer Loan
Documentation related thereto have been complied with in all material respects; 

  

	 	(xvi)	To Borrower’s best knowledge, all Customer Loan Documentation relating to such Customer Loan represents the legal, valid and binding payment obligation of the Customer Loan Obligor thereunder, enforceable in
accordance with its terms, subject to bankruptcy, insolvency and other laws (including, but not limited to principles of equity) affecting the rights of creditors generally; 

 

	 	(xvii)	No right of rescission, set-off, counter-claim or defense of usury or other defense has been asserted with respect to the Customer Loan or the Customer Loan Documentation relating thereto; 

 

	 	(xviii)	The Customer Loan represents an undisputed bona fide existing unconditional obligation of the Customer Loan Obligor created by a loan to the Customer Loan Obligor by the Borrower or the Originating Bank, in the ordinary
course of their business; and 

  

	 	(xix)	All unpaid balances appearing in all reports and statements provided by Borrower with respect to the Customer Loan are and shall be true and correct in all material respects, and to the best of Borrower’s
knowledge, all signatures and endorsements on all Customer Loan Documentation relating to the Customer Loan are genuine. 

“Representations” means the written Representations and Warranties provided by Borrower to Lender referred to in the
Schedule. 
 “SBAF” means Small Business Asset Fund 2009 LLC, a wholly owned Subsidiary of the Borrower. 

“SBFT” means Small Business Funding Trust, a wholly owned Subsidiary of the Borrower. 

“SPE” means any one of the wholly owned Subsidiaries of the Borrower that is a “Special Purpose Entity” in
existence from time to time which currently shall include the SPE’s identified as such on Exhibit B hereto and after the date hereof shall include any other “Special Purpose Entity” Subsidiary that is created or maintained for the
purpose of financing Customer Loans 
 “Subsidiary” means, with respect to any Person, a Person of which more than 50% of
the voting stock or other equity interests is owned or controlled, directly or indirectly, by such Person or one or more Affiliates of such Person. 

“Success Fee” is defined in Section 3 of the Schedule. 

“Surviving Obligations” means (i) the Obligation to pay the Success Fee when due, and (ii) contingent, unmatured
indemnification Obligations under this Agreement. 
 “Trademarks” means any trademark and servicemark rights, whether
registered or not, applications to register and registrations of the same and like protections, and the entire goodwill of the business of Borrower connected with and symbolized by such trademarks. 

“Upfront Fees” means, with respect to any Customer Loan, the sum of any fees charged by Borrower or the Originating Bank, as
the case may be, to a Customer Loan Obligor in connection with the disbursement of a loan, as set forth in the Customer Loan Documentation related to such Customer Loan, which are deducted from the initial amount disbursed to such Customer Loan
Obligor, including the “Origination Fee” set forth on the applicable Customer Loan Documentation. 
 “Weekly Pay Customer
Loan” means any Customer Loan for which Payments are generally due once per week. 
 Other Terms. All accounting terms used
in this Agreement, unless otherwise indicated, shall have the meanings given to such terms in accordance with GAAP, consistently applied. All other terms contained in this Agreement, unless otherwise indicated, shall have the meanings provided by
the Code, to the extent such terms are defined therein. 

  
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 9. GENERAL PROVISIONS. 

9.1 Application of Payments. All payments with respect to the Obligations shall be applied as directed by Borrower, provided
that, in the absence of such direction or upon the occurrence and during the continuance of an Event of Default, all such payments may be applied, and in Lender’s Good Faith Business Judgment reversed and re-applied, to the Obligations, in such
order and manner as Lender shall determine in its Good Faith Business Judgment. Lender shall not be required to credit Borrower’s account for the amount of any item of payment which is unsatisfactory to Lender in its Good Faith Business
Judgment, and Lender may charge Borrower’s loan account for the amount of any item of payment which is returned to Lender unpaid. In computing interest on the Obligations, all Payments received after 1:00 PM Eastern Time on any day shall be
deemed received on the next Business Day, and Payments received by Lender shall be deemed applied by Lender on account of the Obligations on the Business Day received by Lender in immediately available funds. 

9.2 Increased Costs and Reduced Return. If Lender shall have determined that the adoption or implementation of, or any
change in, any law, rule, treaty or regulation, or any policy, guideline or directive of, or any change in, the interpretation or administration thereof by, any court, central bank or other administrative or governmental authority, or compliance by
Lender with any directive of, or guideline from, any central bank or other Governmental Authority or the introduction of, or change in, any accounting principles applicable to Lender (whether or not having the force of law), in each case, occurring
after the date hereof, shall (i) subject the Lender to any tax, duty or other charge with respect to this Agreement or any Loan made hereunder, or change the basis of taxation of payments to Lender of any amounts payable hereunder (except for
taxes on the overall net income of Lender), (ii) impose, modify or deem applicable any reserve, special deposit or similar requirement against any Loan, or against assets of or held by, or deposits with or for the account of, or credit extended
by, Lender, or (iii) impose on Lender any other condition regarding this Agreement or any Loan, and the result of any event referred to in clauses (i), (ii) or (iii) above shall be to increase the cost to Lender of making any Loan, or
agreeing to make any Loan or to reduce any amount received or receivable by Lender, then, upon demand by Lender, the Borrower shall pay to Lender such additional amounts as will compensate the Lender for such increased costs or reductions in amount.
All amounts payable under this Section shall bear interest from the date of demand by the Lender until payment in full to the Lender at the highest interest rate applicable to the Obligations. With respect to this Section 9.2, Lender shall
treat Borrower no differently than Lender treats other similarly situated Borrowers. A certificate of the Lender claiming compensation under this Section, specifying the event herein above described and the nature of such event shall be submitted by
the Lender to the Borrower, setting forth the additional amount due and an explanation of the calculation thereof, and the Lender’s reasons for invoking the provisions of this Section, and the same shall be final and conclusive absent manifest
error. 
 9.3 Charges to Accounts. Lender may, in its discretion, require that Borrower pay monetary Obligations in cash to
Lender, or charge them to Borrower’s Loan account (in which event they will bear interest at the same rate applicable to the Loans), or any of Borrower’s Deposit Accounts maintained with Lender. 

9.4 Monthly Accountings. Lender shall provide Borrower monthly with an account of advances, charges, expenses and payments made
pursuant to this Agreement. Such account shall be deemed correct, accurate and binding on Borrower and an account stated (except for reverses and reapplications of payments made and corrections of errors discovered by Lender), unless Borrower
notifies Lender in writing to the contrary within 60 days after such account is rendered, describing the nature of any alleged errors or omissions. 

9.5 Notices. All notices to be given under this Agreement shall be in writing and shall be given either personally or by
reputable private delivery service or by regular first-class mail, or certified mail return receipt requested, addressed (i) to Borrower at the address shown in the heading to this Agreement, or (ii) to Lender at the address shown in the
heading to this Agreement, or (iii) for either party at any other address designated in writing by one party to the other party. All notices shall be deemed to have been given upon delivery in the case of notices personally delivered, or at the
expiration of one Business Day following delivery to the private delivery service, or two Business Days following the deposit thereof in the United States mail, with postage prepaid. 

9.6 Severability. Should any provision of this Agreement be held by any court of competent jurisdiction to be void or
unenforceable, such defect shall not affect the remainder of this Agreement, which shall continue in full force and effect. 
 9.7
Integration. This Agreement and such other written agreements, documents and instruments as may be executed in connection herewith are the final, entire and complete agreement between Borrower and Lender and supersede all prior and
contemporaneous negotiations and oral representations and agreements, all of which are merged and integrated in this Agreement. There are no oral understandings, representations or agreements between the parties which are not set forth in this
Agreement or in other written agreements signed by the parties in connection herewith. 
 9.8 Waivers; Indemnity. The
failure of Lender at any time or times to require Borrower to strictly comply with any of the provisions of this Agreement or any other Loan Document shall not waive or diminish any right of Lender later to demand

  
 -19- 

 
and receive strict compliance therewith. Any waiver of any default shall not waive or affect any other default, whether prior or subsequent, and whether or not similar. None of the provisions of
this Agreement or any other Loan Document shall be deemed to have been waived by any act or knowledge of Lender or its agents or employees, but only by a specific written waiver signed by an authorized officer of Lender and delivered to Borrower.
Borrower waives the benefit of all statutes of limitations relating to any of the Obligations or this Agreement or any other Loan Document, and Borrower waives demand, protest, notice of protest and notice of default or dishonor, notice of payment
and nonpayment, release, compromise, settlement, extension or renewal of any commercial paper, instrument, account, General Intangible, document or guaranty at any time held by Lender on which Borrower is or may in any way be liable, and notice of
any action taken by Lender, unless expressly required by this Agreement. Borrower hereby agrees to indemnify Lender and its affiliates, subsidiaries, parent, directors, officers, employees, agents, and attorneys, and to hold them harmless from and
against any and all claims, debts, liabilities, demands, obligations, actions, causes of action, penalties, costs and expenses (including reasonable and documented out-of-pocket attorneys’ fees), of every kind, which they may sustain or incur
based upon or arising out of any of the Obligations, or any relationship or agreement between Lender and Borrower, or any other matter, relating to Borrower or the Obligations; provided that this indemnity shall not extend to damages proximately
caused by the indemnitee’s (or any of its Affiliates’) own gross negligence or willful misconduct. Notwithstanding any provision in this Agreement to the contrary, the indemnity agreement set forth in this Section shall survive any
termination of this Agreement and shall for all purposes continue in full force and effect. 
 9.9 Liability. NEITHER LENDER
NOR ANY OF ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR ATTORNEYS SHALL BE LIABLE FOR ANY CLAIMS, DEMANDS, LOSSES OR DAMAGES, OF ANY KIND WHATSOEVER, MADE, CLAIMED, INCURRED OR SUFFERED BY BORROWER OR ANY OTHER PARTY
THROUGH THE ORDINARY NEGLIGENCE OF LENDER, OR ITS PARENT OR ANY OF ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR ATTORNEYS, BUT NOTHING HEREIN SHALL RELIEVE LENDER OR IT’S AFFILIATES’, SUBSIDIARIES’,
DIRECTORS’, OFFICERS’, EMPLOYEES’, AGENTS’ OR ATTORNEYS’ FROM LIABILITY FOR THEIR OWN GROSS NEGLIGENCE OR WILLFUL MISCONDUCT. NEITHER LENDER NOR ANY OF ITS AFFILIATES, SUBSIDIARIES, DIRECTORS, OFFICERS, EMPLOYEES, AGENTS OR
ATTORNEYS SHALL BE RESPONSIBLE OR LIABLE TO BORROWER OR TO ANY OTHER PARTY FOR ANY INDIRECT, PUNITIVE, EXEMPLARY OR CONSEQUENTIAL DAMAGES WHICH MAY BE ALLEGED AS A RESULT OF ANY FINANCIAL ACCOMMODATION HAVING BEEN EXTENDED, SUSPENDED OR TERMINATED
UNDER THIS AGREEMENT OR AS A RESULT OF ANY OTHER ACT, OMISSION OR TRANSACTION. 
 9.10 Amendment. The terms and provisions of
this Agreement may not be waived or amended, except in a writing executed by Borrower and a duly authorized officer of Lender. 
 9.11
Time of Essence. Time is of the essence in the performance by Borrower of each and every obligation under this Agreement. 

9.12 Attorneys Fees and Costs. Borrower shall reimburse Lender for all reasonable and documented out-of-pocket attorneys’
and consultant’s fees (whether incurred before, during or after an Insolvency Proceeding), and all filing, recording, search, title insurance, appraisal, audit, and other reasonable and documented out-of-pocket costs incurred by Lender,
pursuant to, or in connection with, or relating to this Agreement (whether or not a lawsuit is filed), including, but not limited to, any reasonable attorneys’ fees and costs Lender incurs in order to do the following: prepare and negotiate
this Agreement and all present and future documents relating to this Agreement; obtain legal advice in connection with this Agreement or Borrower; enforce, or seek to enforce, any of its rights; prosecute actions against, or defend actions by,
Account Debtors; commence, intervene in, or defend any action or proceeding; initiate any complaint to be relieved of any automatic stay in bankruptcy; file or prosecute any probate claim, bankruptcy claim, third-party claim, or other claim;
examine, audit, copy, and inspect any of the Collateral or any of Borrower’s books and records; protect, obtain possession of, lease, dispose of, or otherwise enforce Lender’s security interest in, the Collateral; and otherwise represent
Lender in any litigation relating to Borrower. All attorneys’ fees and costs to which Lender may be entitled pursuant to this Paragraph shall immediately become part of Borrower’s Obligations, shall be due on demand, and shall bear
interest at a rate equal to the highest interest rate applicable to any of the Obligations. 
 9.13 Benefit of Agreement. The
provisions of this Agreement shall be binding upon and inure to the benefit of the respective successors, assigns, heirs, beneficiaries and representatives of Borrower and Lender; provided, however, that (a) Borrower may not assign or transfer
any of its rights under this Agreement without the prior written consent of Lender and (b) Lender may not assign or transfer any of its rights under this Agreement (including without limitation, the assignment of a participation under this
Agreement) to a Direct Competitor of the Borrower, unless a material portion of the Obligations has been accelerated in connection with the occurrence of an Event of Default or a Default or Event of Default has occurred and is continuing under
Section 7.1(k) or 7.1(l). No consent by Lender to any assignment shall release Borrower from its liability for the Obligations. 

  
 -20- 

 9.14 Joint and Several Liability. If Borrower consists of more than one Person,
their liability shall be joint and several, and the compromise of any claim with, or the release of, any Borrower shall not constitute a compromise with, or a release of, any other Borrower. 

9.15 Limitation of Actions. Any claim or cause of action by Borrower against Lender, its directors, officers, employees, agents,
accountants or attorneys, based upon, arising from, or relating to this Loan Agreement, or any other Loan Document, or any other transaction contemplated hereby or thereby or relating hereto or thereto, or any other matter, cause or thing
whatsoever, occurred, done, omitted or suffered to be done by Lender, its directors, officers, employees, agents, accountants or attorneys, shall be barred unless asserted by Borrower by the commencement of an action or proceeding in a court of
competent jurisdiction by the filing of a complaint within two years after the first act, occurrence or omission upon which such claim or cause of action, or any part thereof, is based, and the service of a summons and complaint on an officer of
Lender, or on any other person authorized to accept service on behalf of Lender, within thirty (30) days thereafter. Borrower agrees that such two-year period is a reasonable and sufficient time for Borrower to investigate and act upon any such
claim or cause of action. The two-year period provided herein shall not be waived, tolled, or extended except by the written consent of Lender in its sole discretion. This provision shall survive any termination of this Loan Agreement or any other
Loan Document. 
 9.16 Paragraph Headings; Construction. Paragraph headings are only used in this Agreement for convenience.
Borrower and Lender acknowledge that the headings may not describe completely the subject matter of the applicable paragraph, and the headings shall not be used in any manner to construe, limit, define or interpret any term or provision of this
Agreement. This Agreement has been fully reviewed and negotiated between the parties and no uncertainty or ambiguity in any term or provision of this Agreement shall be construed strictly against Lender or Borrower under any rule of construction or
otherwise. 
 9.17 Public Announcement. Borrower and Lender shall jointly prepare a public announcement of the transactions
contemplated by this Agreement, and each of Borrower and Lender, after receiving the consent of the other, may publicize the same in marketing materials, newspapers and other publications, and otherwise, and in connection therewith may use the
other’s name, tradenames and logos. 
 9.18 Confidentiality. Lender agrees to use the same degree of care that it
exercises with respect to its own proprietary information, to maintain the confidentiality of any and all proprietary, trade secret or confidential information provided to or received by Lender from the Borrower, which indicates that it is
confidential or would reasonably be understood to be confidential, including business plans and forecasts, non-public financial information, confidential or secret processes, formulae, devices and contractual information, customer lists, and
employee relation matters, provided that Lender may disclose such information to its officers, directors, employees, attorneys, accountants, affiliates, participants, prospective participants, assignees and prospective assignees, if they are aware
of, or are informed of, the confidential nature of the information and are instructed to keep such information confidential, and such other Persons to whom Lender shall at any time be required to make such disclosure in accordance with applicable
law, and provided, that the foregoing provisions shall not apply to disclosures made by Lender in its Good Faith Business Judgment in connection with the enforcement of its rights or remedies after an Event of Default. The confidentiality agreement
in this Section supersedes any prior confidentiality agreement of Lender relating to Borrower. 
 9.19 Governing Law; Jurisdiction;
Venue; Arbitration. This Agreement and all acts, transactions, disputes and controversies arising hereunder or relating hereto, and all rights and obligations of the parties shall be governed by, and construed in accordance with, the
internal laws (and not the conflict of laws rules) of the State of North Carolina. All disputes, controversies, claims, actions and other proceedings involving, directly or indirectly, any matter in any way arising out of, related to, or connected
with, this Agreement or the relationship between Borrower and Lender, and any and all other claims of Borrower against Lender of any kind, shall be brought only in the General Court of Justice of North Carolina sitting in Durham County, North
Carolina or the United States District Court for the Middle District of North Carolina, and each consents to the jurisdiction of an such court, and waives any and all rights the party may have to object to the jurisdiction of any such court, or to
transfer or change the venue of any such action or proceeding, including, without limitation, any objection to venue or request for change in venue based on the doctrine of forum non conveniens; provided that, notwithstanding the foregoing,
nothing herein shall limit the right of Lender to bring proceedings against Borrower in the courts of any other jurisdiction. Borrower consents to service of process in any action or proceeding brought against it by Lender, by personal delivery, or
by mail addressed as set forth in this Agreement or by any other method permitted by law. If the jury waiver set forth in Section 9.20 below is not enforceable, then any dispute, controversy, claim, action or similar proceeding arising out of
or relating to this Agreement, the Loan Documents or any of the transactions contemplated therein 

  
 -21- 

 
shall be settled by final and binding arbitration held in Durham County, North Carolina in accordance with the then current Commercial Arbitration Rules of the American Arbitration Association by
one arbitrator appointed in accordance with those rules. The arbitrator shall apply North Carolina law to the resolution of any dispute, without reference to rules of conflicts of law or rules of statutory arbitration. Judgment upon any award
resulting from arbitration may be entered into and enforced by any state or federal court having jurisdiction thereof. Notwithstanding the foregoing, the parties may apply to any court of competent jurisdiction for preliminary or interim equitable
relief, or to compel arbitration in accordance with this Section. The costs and expenses of the arbitration, including without limitation, the arbitrator’s fees and expert witness fees, and reasonable attorneys’ fees, incurred by the
parties to the arbitration may be awarded to the prevailing party, in the discretion of the arbitrator, or may be apportioned between the parties in any manner deemed appropriate by the arbitrator. Unless and until the arbitrator decides that one
party is to pay for all (or a share) of such costs and expenses, both parties shall share equally in the payment of the arbitrator’s fees as and when billed by the arbitrator.  

[Signatures on Next Page] 

  
 -22- 

 9.20 Mutual Waiver of Jury Trial. LENDER AND BORROWER EACH ACKNOWLEDGE
THAT THE RIGHT TO TRIAL BY JURY IS A CONSTITUTIONAL RIGHT, BUT THAT IT MAY BE WAIVED. EACH OF THE PARTIES, AFTER CONSULTING OR HAVING HAD THE OPPORTUNITY TO CONSULT, WITH COUNSEL OF THEIR CHOICE, KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY
RIGHT IT MAY HAVE TO A TRIAL BY JURY IN ANY LITIGATION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR ANY RELATED INSTRUMENT OR LOAN DOCUMENT OR ANY OF THE TRANSACTIONS CONTEMPLATED BY THIS AGREEMENT OR ANY COURSE OF CONDUCT, DEALING, STATEMENTS
(WHETHER ORAL OR WRITTEN), ACTION OR INACTION OF ANY OF THEM. THESE PROVISIONS SHALL NOT BE DEEMED TO HAVE BEEN MODIFIED IN ANY RESPECT OR RELINQUISHED BY LENDER OR BORROWER, EXCEPT BY A WRITTEN INSTRUMENT EXECUTED BY EACH OF THEM. IF FOR ANY REASON
THE PROVISIONS OF THIS SECTION ARE VOID, INVALID OR UNENFORCEABLE, THE SAME SHALL NOT AFFECT ANY OTHER TERM OR PROVISION OF THIS AGREEMENT, AND ALL OTHER TERMS AND PROVISIONS OF THIS AGREEMENT SHALL BE UNAFFECTED BY THE SAME AND CONTINUE IN FULL
FORCE AND EFFECT. 
  

					
	Borrower:
	
	On Deck Capital, Inc.
		
	By	 	 /s/ Howard Katzenberg

		 	Title	 	   Chief Financial Officer

	
	Lender:
	
	Square 1 Bank
		
	By	 	 /s/ Richard Suhl

		 	Title	 	   SVP

 [Signature Page—Amended and Restated Loan and Security Agreement] 

  
 -23-EX-10.14

 Exhibit 10.14 

AMENDED AND RESTATED CREDIT AGREEMENT 

dated as of September 15, 2014 

among 
 ONDECK ACCOUNT
RECEIVABLES TRUST 2013-1 LLC, 
 as Borrower 

VARIOUS LENDERS, 

DEUTSCHE BANK AG, NEW YORK BRANCH, 

as Administrative Agent and Collateral Agent, 

DEUTSCHE BANK TRUST COMPANY AMERICAS, 

as Paying Agent, 
 and

 DEUTSCHE BANK SECURITIES INC., 

as Syndication Agent, Documentation Agent, and Lead Arranger 

 
  

$167,647,000 Securitization Warehouse Facility 
  

 

 TABLE OF CONTENTS 

 

					
	 	  	Page	 
	 SECTION 1. DEFINITIONS AND INTERPRETATION
	  	 	1	  
		
	 1.1 Definitions
	  	 	1	  
		
	 1.2 Accounting Terms
	  	 	36	  
		
	 1.3 Interpretation, etc
	  	 	37	  
		
	 1.4 Amendment and Restatement
	  	 	37	  
		
	 SECTION 2. LOANS
	  	 	37	  
		
	 2.1 Revolving Loans
	  	 	38	  
		
	 2.2 Pro Rata Shares
	  	 	42	  
		
	 2.3 Use of Proceeds
	  	 	42	  
		
	 2.4 Evidence of Debt; Register; Lenders’ Books and Records; Notes
	  	 	43	  
		
	 2.5 Interest on Loans
	  	 	43	  
		
	 2.6 Default Interest
	  	 	44	  
		
	 2.7 Fees
	  	 	45	  
		
	 2.8 Revolving Commitment Termination Date
	  	 	45	  
		
	 2.9 Voluntary Commitment Reductions
	  	 	45	  
		
	 2.10 Borrowing Base Deficiency
	  	 	46	  
		
	 2.11 Controlled Accounts
	  	 	46	  
		
	 2.12 Application of Proceeds
	  	 	50	  
		
	 2.13 General Provisions Regarding Payments
	  	 	52	  
		
	 2.14 Ratable Sharing
	  	 	53	  
		
	 2.15 Increased Costs; Capital Adequacy
	  	 	54	  
		
	 2.16 Taxes; Withholding, etc
	  	 	56	  
		
	 2.17 Obligation to Mitigate
	  	 	58	  
		
	 2.18 Defaulting Lenders
	  	 	59	  
		
	 2.19 Removal or Replacement of a Lender
	  	 	60	  
		
	 2.20 The Paying Agent
	  	 	61	  
		
	 2.21 Duties of Paying Agent
	  	 	65	  
		
	 2.22 Intention of Parties
	  	 	67	  
		
	 SECTION 3. CONDITIONS PRECEDENT
	  	 	67	  
		
	 3.1 Closing Date
	  	 	67	  
		
	 3.2 Conditions to Each Credit Extension
	  	 	69	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
		
	 SECTION 4. REPRESENTATIONS AND WARRANTIES
	  	 	71	  
		
	 4.1 Organization; Requisite Power and Authority; Qualification; Other Names
	  	 	71	  
		
	 4.2 Capital Stock and Ownership
	  	 	71	  
		
	 4.3 Due Authorization
	  	 	71	  
		
	 4.4 No Conflict
	  	 	71	  
		
	 4.5 Governmental Consents
	  	 	72	  
		
	 4.6 Binding Obligation
	  	 	72	  
		
	 4.7 Eligible Receivables
	  	 	72	  
		
	 4.8 Historical Financial Statements
	  	 	72	  
		
	 4.9 No Material Adverse Effect
	  	 	72	  
		
	 4.10 Adverse Proceedings, etc
	  	 	72	  
		
	 4.12 Title to Assets
	  	 	73	  
		
	 4.13 No Indebtedness
	  	 	73	  
		
	 4.14 No Defaults
	  	 	73	  
		
	 4.15 Material Contracts
	  	 	73	  
		
	 4.16 Government Contracts
	  	 	73	  
		
	 4.17 Governmental Regulation
	  	 	73	  
		
	 4.18 Margin Stock
	  	 	73	  
		
	 4.19 Employee Benefit Plans
	  	 	74	  
		
	 4.20 Certain Fees
	  	 	74	  
		
	 4.21 Solvency; Fraudulent Conveyance
	  	 	74	  
		
	 4.23 Compliance with Statutes, etc
	  	 	74	  
		
	 4.24 Matters Pertaining to Related Agreements
	  	 	74	  
		
	 4.25 Disclosure
	  	 	75	  
		
	 4.26 Patriot Act
	  	 	75	  
		
	 4.27 Remittance of Collections
	  	 	75	  
		
	 SECTION 5. AFFIRMATIVE COVENANTS
	  	 	75	  
		
	 5.1 Financial Statements and Other Reports
	  	 	75	  
		
	 5.2 Existence
	  	 	78	  
		
	 5.3 Payment of Taxes and Claims
	  	 	78	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
		
	 5.4 Insurance
	  	 	79	  
		
	 5.5 Inspections; Compliance Audits; Regulatory Review
	  	 	79	  
		
	 5.6 Compliance with Laws
	  	 	80	  
		
	 5.7 Separateness
	  	 	80	  
		
	 5.8 Further Assurances
	  	 	80	  
		
	 5.9 Communication with Accountants
	  	 	80	  
		
	 5.10 Special Covenants Regarding CRR Compliance
	  	 	81	  
		
	 5.11 Acquisition of Receivables from Holdings
	  	 	81	  
		
	 5.12 No Adverse Selection
	  	 	82	  
		
	 5.13 Class B Lender Information Rights
	  	 	82	  
		
	 SECTION 6. NEGATIVE COVENANTS
	  	 	82	  
		
	 6.1 Indebtedness
	  	 	82	  
		
	 6.2 Liens
	  	 	82	  
		
	 6.3 Equitable Lien
	  	 	82	  
		
	 6.4 No Further Negative Pledges
	  	 	82	  
		
	 6.5 Restricted Junior Payments
	  	 	82	  
		
	 6.6 Subsidiaries
	  	 	83	  
		
	 6.7 Investments
	  	 	83	  
		
	 6.8 Fundamental Changes; Disposition of Assets; Acquisitions
	  	 	83	  
		
	 6.9 Sales and Lease-Backs
	  	 	83	  
		
	 6.10 Transactions with Shareholders and Affiliates
	  	 	83	  
		
	 6.11 Conduct of Business
	  	 	83	  
		
	 6.12 Fiscal Year
	  	 	83	  
		
	 6.13 Servicer; Backup Servicer; Custodian
	  	 	83	  
		
	 6.14 Acquisitions of Receivables
	  	 	84	  
		
	 6.15 Independent Manager
	  	 	84	  
		
	 6.16 Organizational Agreements and Credit Documents
	  	 	85	  
		
	 6.17 Changes in Underwriting or Other Policies
	  	 	86	  
		
	 6.18 Receivable Forms
	  	 	86	  
		
	 SECTION 7. EVENTS OF DEFAULT
	  	 	86	  
		
	 7.1 Events of Default    
	  	 	86	  

  
 iii 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
		
	 SECTION 8. AGENTS
	  	 	90	  
		
	 8.1 Appointment of Agents
	  	 	90	  
		
	 8.2 Powers and Duties
	  	 	91	  
		
	 8.3 General Immunity
	  	 	91	  
		
	 8.4 Agents Entitled to Act as Lender
	  	 	92	  
		
	 8.5 Lenders’ Representations, Warranties and Acknowledgment
	  	 	93	  
		
	 8.6 Right to Indemnity
	  	 	93	  
		
	 8.7 Successor Administrative Agent and Collateral Agent
	  	 	94	  
		
	 8.8 Collateral Documents
	  	 	96	  
		
	 SECTION 9. MISCELLANEOUS
	  	 	97	  
		
	 9.1 Notices
	  	 	97	  
		
	 9.2 Expenses
	  	 	97	  
		
	 9.3 Indemnity
	  	 	98	  
		
	 9.4 Reserved
	  	 	99	  
		
	 9.5 Amendments and Waivers
	  	 	99	  
		
	 9.6 Successors and Assigns; Participations
	  	 	101	  
		
	 9.7 Independence of Covenants
	  	 	105	  
		
	 9.8 Survival of Representations, Warranties and Agreements
	  	 	105	  
		
	 9.9 No Waiver; Remedies Cumulative
	  	 	105	  
		
	 9.10 Marshalling; Payments Set Aside
	  	 	105	  
		
	 9.11 Severability
	  	 	106	  
		
	 9.12 Obligations Several; Actions in Concert
	  	 	106	  
		
	 9.13 Headings
	  	 	106	  
		
	 9.14 APPLICABLE LAW
	  	 	106	  
		
	 9.15 CONSENT TO JURISDICTION
	  	 	106	  
		
	 9.16 WAIVER OF JURY TRIAL
	  	 	107	  
		
	 9.17 Confidentiality
	  	 	108	  
		
	 9.18 Usury Savings Clause
	  	 	109	  
		
	 9.19 Counterparts    
	  	 	109	  

  
 iv 

 TABLE OF CONTENTS 

(continued) 
  

					
	 	  	Page	 
		
	 9.20 Effectiveness
	  	 	109	  
		
	 9.21 Patriot Act
	  	 	109	  
		
	 9.22 Limitation of Liability
	  	 	109	  
		
	 9.23 No Proceedings
	  	 	110	  

  
 v 

					
	APPENDICES:	  	A	  	Revolving Commitments
		  	B	  	Notice Addresses
		  	C	  	Eligibility Criteria
		  	D	  	Excess Concentration Amounts
		  	E	  	Portfolio Performance Covenants
		  	F	  	Calculation of Receivable Yield and Outstanding Principal Balance
		  	G	  	Selection Procedures
			
	SCHEDULES:	  	1.1-A	  	Equity Owners of Holdings
		  	1.1-B	  	Financial Covenants
		  	4.1	  	Jurisdictions of Organization and Qualification; Trade Names
		  	4.2	  	Capital Stock and Ownership
			
	EXHIBITS:	  	A-1	  	Form of Funding Notice
		  	B-1	  	Form of Class A Revolving Loan Note
		  	B-2	  	Form of Class B Revolving Loan Note
		  	C-1	  	Form of Compliance Certificate
		  	C-2	  	Form of Borrowing Base Report and Certificate
		  	D	  	Form of Assignment Agreement
		  	E	  	Form of Certificate Regarding Non-Bank Status
		  	F-1	  	Form of Closing Date Certificate
		  	G	  	Form of Controlled Account Voluntary Payment Notice
		  	H	  	Form of Financing Statement

  
 vi 

 AMENDED AND RESTATED CREDIT AGREEMENT 

This AMENDED AND RESTATED CREDIT AGREEMENT, dated as of September 15, 2014, is entered into by and among ONDECK ACCOUNT
RECEIVABLES TRUST 2013-1 LLC, a Delaware limited liability company (“Company”), the Lenders party hereto from time to time, DEUTSCHE BANK AG, NEW YORK BRANCH, as Administrative Agent for the Class A Revolving Lenders
(in such capacity, “Administrative Agent”) and as Collateral Agent for the Secured Parties (in such capacity, “Collateral Agent”), DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent for the Lenders (in
such capacity, “Paying Agent”), and DEUTSCHE BANK SECURITIES INC. (“DBSI”), as Lead Arranger, Syndication Agent (in such capacity, “Syndication Agent”) and Documentation Agent (in such capacity,
“Documentation Agent”). 
 RECITALS: 

WHEREAS, capitalized terms used in these Recitals shall have the respective meanings set forth for such terms in
Section 1.1 hereof; 
 WHEREAS, the Company, the Lenders party hereto, the Administrative Agent, the Collateral Agent,
the Paying Agent, DBSI, the Syndication Agent and the Documentation Agent are parties to that certain Credit Agreement dated as of August 16, 2013 (as amended by that certain First Amendment thereto dated as of November 14, 2013, that
certain Second Amendment thereto dated as of April 7, 2013 and that certain Third Amendment thereto dated as of July 2, 2014, the “Existing Credit Agreement”); and 

WHEREAS, in order to continue the existing indebtedness of the Company and, among other things, to increase the Revolving Commitment,
the Company has requested that the Existing Credit Agreement be amended and restated in its entirety (the “Amendment and Restatement”), and the Lenders party thereto are willing to do so on the terms and conditions set forth
herein. 
 NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants herein contained, the
parties hereto agree as follows: 
  

	SECTION 1.	DEFINITIONS AND INTERPRETATION 

 1.1 Definitions. The following terms used herein,
including in the preamble, recitals, exhibits and schedules hereto, shall have the following meanings: 
 “15 Day Delinquency
Percentage” means, as of one Business Day prior to any Permitted Asset Sale described in clause (c) of the definition thereof, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding
Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables) that have a Missed Payment Factor of fifteen (15) or higher as of such Business Day, and (b) the denominator of which is the aggregate Outstanding
Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables) as of such Business Day. 

 “10-20 Day Delinquent Receivable” means, as of any date of determination, any
Receivable with a Missed Payment Factor of more than ten (10) but less than twenty-one (21) and with respect to which a Payment has been received on at least one of the last three (3) Payment Dates. 

“AA Indemnitee Agent Party” as defined in Section 8.6(a). 

“Accrued Interest Amount” means, as of any day, the aggregate amount of all accrued and unpaid interest on the Loans payable
hereunder, assuming for this purpose that the Cost of Funds Rate for each Class A Revolving Loan funded by a Class A Revolving Conduit Lender for each day since the most recent Interest Payment Date was equal to the rate per annum
determined by the Paying Agent at approximately 11:00 a.m., London time, on such day by reference to the British Bankers’ Association Interest Settlement Rate (or any successor thereto) for deposits in dollars for a period of one month (as set
forth by the Bloomberg Information Service or any successor thereto or any other service selected by the Paying Agent in its sole discretion) (the “Daily LIBOR Rate”) plus the amount, if any, by which the average of the Cost of
Funds Rates for such Class A Revolving Conduit Lender for each day during the three immediately preceding Interest Periods exceeded the average of the Daily LIBOR Rates on each day during such Interest Periods. 

“ACH Agreement” has the meaning set forth in the Servicing Agreement. 

“ACH Receivable” means each Receivable with respect to which the underlying Receivables Obligor has entered into an ACH
Agreement. 
 “Act” as defined in Section 4.26. 

“Adjusted EPOB” means, as of any date of determination, the excess of (a) the Eligible Portfolio Outstanding Principal
Balance as of such date over (b) the sum of, without duplication, (i) the aggregate Excess Concentration Amounts as of such date and (ii) the product of 70% and the aggregate Eligible Portfolio Outstanding Principal Balance of all
10-20 Day Delinquent Receivables as of such date. 
 “Adjusted Interest Collections” means, with respect to any Monthly
Period, an amount equal to (a) the product of (i) the sum of (x) all Collections received during such Monthly Period that were not applied by the Servicer to reduce the Outstanding Principal Balance of the Pledged Receivables in
accordance with Section 2(a)(i)(4) of the Servicing Agreement and (y) all Collections received during such Monthly Period that were recoveries with respect to Charged-Off Receivables (net of amounts, if any, retained by any third party
collection agent) and (ii) the quotient of 21 divided by the number of Business Days in such Monthly Period minus (b) the aggregate amount paid by Company on the related Interest Payment Date pursuant to clauses (a)(i),
(a)(ii), (a)(iii), (a)(v) and (a)(vii) of Section 2.12. 
 “Adjusted LIBO Rate”
means, for any Interest Period, an interest rate per annum obtained by dividing (i) the LIBO Rate for such Interest Period by (ii) a percentage equal to 100% minus the LIBO Rate Reserve Percentage for such Interest Period. 

  
 2 

 “Administrative Agent” as defined in the preamble hereto. The term
“Administrative Agent” shall include, for all purposes of the Credit Documents, any successor Administrative Agent appointed pursuant to Section 8.7(a)(i) (including, for the avoidance of doubt and without limitation,
any successor Administrative Agent appointed pursuant to the last sentence thereof). 
 “Adverse Proceeding” means any
action, suit, proceeding (whether administrative, judicial or otherwise), governmental investigation or arbitration (whether or not purportedly on behalf of Company, Holdings or any Subsidiary thereof) at law or in equity, or before or by any
Governmental Authority, domestic or foreign, whether pending or, to the knowledge of Company or Holdings, threatened in writing against or affecting Company, Holdings or any Subsidiary thereof, or any of their respective property. 

“Affected Party” means any Lender, Deutsche Bank AG, New York Branch, in its individual capacity and in its capacity as
Administrative Agent, Paying Agent, any Class A Managing Agent, any Liquidity Provider and, with respect to each of the foregoing, the parent company or holding company that controls such Person. 

“Affiliate” means, with respect to any specified Person, another Person that directly, or indirectly through one or more
intermediaries, controls or is controlled by or is under common control with the Person specified. For purposes of this definition, “control” means the power to direct the management and policies of a Person, directly or indirectly,
whether through ownership of voting securities, by contract or otherwise; and “controlled” and “controlling” have meanings correlative to the foregoing. 

“Agency Agreement” means that certain Secured Party Representative Services Agreement, dated as of June 20, 2012,
between Holdings and the UCC Agent, or any successor or other agreement with a UCC Agent serving substantially the same purpose. 

“Agent” means each of the Class A Managing Agents, Paying Agent, Syndication Agent, Administrative Agent, Collateral
Agent, and Documentation Agent. 
 “Aggregate Amounts Due” as defined in Section 2.14. 

“Agreement” means this Amended and Restated Credit Agreement, dated as of September 15, 2014, as it may be amended,
supplemented or otherwise modified from time to time. 
 “Alternative Rate” means, with respect to a Loan on any day, an
interest rate per annum equal to the Adjusted LIBO Rate for the related Interest Period; provided, however, that if a LIBOR Disruption Event is continuing on such day, the Alternative Rate shall be an interest rate per annum equal to
the Prime Rate in effect on such day. 
 “Amendment and Restatement” as defined in the Recitals hereto. 

“Amendment Effective Date” means the date of this Agreement. 

  
 3 

 “Amendment Effective Date Certificate” means an Amendment Effective Date
Certificate substantially in the form of Exhibit F-1. 
 “Applicable
Class A Advance Rate” means 85%. 
 “Applicable Class B Advance Rate” means 95%. 

“Approved State” means each of the 50 United States of America and the District of Columbia; provided, however, that, in the
event that the Administrative Agent determines in its Permitted Discretion to revoke the designation or restore a previously revoked designation of any jurisdiction as an “Approved State” due to a change in, or change in the interpretation
of, the regulations or law (including case law) relating to (i) the origination, administration, servicing or terms, including interest rates, of any loan made to a Receivables Obligor; (ii) the choice of law, or the enforceability of the
choice of law, that governs a loan made to a Receivables Obligor; or (iii) the choice of venue or the choice of jurisdiction, or the enforceability of the choice of venue or the choice of jurisdiction, that governs a loan made to a Receivables
Obligor, then upon receipt by Company of notice thereof from the Administrative Agent, each such jurisdiction shall or shall no longer constitute an “Approved State”, as applicable. 

“Asset Purchase Agreement” means that certain Amended and Restated Asset Purchase Agreement dated as of the Amendment
Effective Date, by and between Company, as Purchaser, and the Seller, as amended, modified or supplemented from time to time, whereby the Seller has agreed to sell and Company has agreed to purchase Eligible Receivables from time to time.

 “Asset Sale” means a sale, lease or sub lease (as lessor or sublessor), sale and leaseback, assignment, conveyance,
transfer, license or other disposition to, or any exchange of property with, any Person, in one transaction or a series of transactions, of all or any part of Holdings’ businesses, assets or properties of any kind, whether real, personal, or
mixed and whether tangible or intangible, whether now owned or hereafter acquired. 
 “Assignment Agreement” means
an Assignment and Assumption Agreement substantially in the form of Exhibit D, with such amendments or modifications as may be approved by Administrative Agent.  

“Authorized Officer” means, as applied to any Person, any individual holding the position of chairman of the board (if an
officer), chief executive officer, president, chief financial officer, general counsel, treasurer, corporate secretary, controller or senior vice president of capital markets (or, in each case, the equivalent thereof).  

“Average Excess Spread” means, with respect to any Monthly Period, the average of the Excess Spread determined for such
Monthly Period and the Monthly Period immediately preceding such Monthly Period. 
 “Backup Servicer” means
Portfolio Financial Servicing Company or any replacement thereof appointed by the Requisite Lenders in accordance with Section 6.13, who will perform backup servicing and backup verification functions with respect to the Eligible
Receivables.  

  
 4 

 “Backup Servicing Agreement” means that certain Backup Servicing Agreement dated
as of the Original Closing Date among Company, the Servicer, the Administrative Agent and Backup Servicer, as it may be amended, modified or supplemented from time to time in accordance with Section 6.16, and any other agreement entered
into from time to time among Company, the Servicer, the Administrative Agent and Backup Servicer with respect to the backup servicing and verification of the Eligible Receivables. 

“Backup Servicing Fee” shall have the meaning attributed to such term in the Backup Servicing Agreement. 

“Bankruptcy Code” means Title 11 of the United States Code entitled “Bankruptcy,” as now and hereafter
in effect, or any successor statute.  
 “Blocked Account Control Agreement” shall have the meaning attributed to
such term in the Security Agreement. 
 “Borrowing Base Certificate” means a certificate substantially in the form
of Exhibit C-2, executed by an Authorized Officer of Company and delivered to Administrative Agent, Collateral Agent, Paying Agent and each Lender, which sets forth the calculation of each of the Class A Borrowing Base and the Class B
Borrowing Base, including a calculation of each component thereof. 
 “Borrowing Base Deficiency” means either a
Class A Borrowing Base Deficiency or a Class B Borrowing Base Deficiency, as applicable. 
 “Borrowing Base Report”
means a report substantially in the form of Exhibit C-2, executed by an Authorized Officer of Company and delivered to Administrative Agent, Collateral Agent, Paying Agent and each Lender, which attaches a Borrowing Base Certificate. 

“Business Day” means any day excluding Saturday, Sunday and any day which is a legal holiday under the laws of the State of
New York or is a day on which banking institutions located in New York are authorized or required by law or other governmental action to close. 

“Capital Lease” means, as applied to any Person, any lease of any property (whether real, personal or mixed) by that Person
(i) as lessee that, in conformity with GAAP, is or should be accounted for as a capital lease on the balance sheet of that Person or (ii) as lessee which is a transaction of a type commonly known as a “synthetic lease” (i.e., a
transaction that is treated as an operating lease for accounting purposes but with respect to which payments of rent are intended to be treated as payments of principal and interest on a loan for Federal income tax purposes). 

“Capital Stock” means any and all shares, interests, participations or other equivalents (however designated) of capital
stock of a corporation, any and all equivalent ownership interests in a Person (other than a corporation), including, without limitation, partnership interests and membership interests, and any and all warrants, rights or options to purchase or
other arrangements or rights to acquire any of the foregoing. 

  
 5 

 “Cash” means money, currency or a credit balance in any demand, securities
account or deposit account; provided, however, that notwithstanding anything to the contrary contained herein, “Cash” shall exclude any amounts that would not be considered “cash” under GAAP or “cash” as recorded
on the books of Holdings and its Subsidiaries. 
 “Cash Equivalents” means, as of any day, (a) marketable
securities (i) issued or directly and unconditionally guaranteed as to interest and principal by the United States Government or (ii) issued by any agency of the United States the obligations of which are backed by the full faith and
credit of the United States, in each case maturing within one year after such day; (b) marketable direct obligations issued by any state of the United States or any political subdivision of any such state or any public instrumentality thereof,
in each case maturing within one year after such day and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (c) commercial paper maturing no more than one year from the date
of creation thereof and having, at the time of the acquisition thereof, a rating of at least A-1 from S&P or at least P-1 from Moody’s; (d) certificates of deposit or bankers’ acceptances maturing within one year after such day
and issued or accepted by any Lender or by any commercial bank organized under the laws of the United States or any state thereof or the District of Columbia that (i) is at least “adequately capitalized” (as defined in the regulations
of its primary Federal banking regulator) and (ii) has Tier 1 capital (as defined in such regulations) of not less than $100,000,000; and (e) shares of any money market mutual fund that (i) has substantially all of its assets invested
continuously in the types of investments referred to in clauses (a) and (b) above, (ii) has net assets of not less than $500,000,000 and (iii) has the highest rating obtainable from either S&P or Moody’s. 

“Certificate Regarding Non-Bank Status” means a certificate substantially in the form
of Exhibit E. 
 “Change of Control” means, at any time, (a) prior to the Initial Public Equity
Offering, the equity owners of Holdings as of the Amendment Effective Date set forth on Schedule 1.1-A (the “Existing Holders”) shall cease to beneficially own and control at least a majority on a fully diluted basis of the
economic and voting interests (including the right to elect directors or similar representatives) in the Capital Stock of Holdings; (b) on the date of or any time after the Initial Public Equity Offering, (i) any “person” or
“group” of related persons (as such terms are given meaning in the Exchange Act and the rules of the SEC thereunder) is or becomes the owner, beneficially or of record, directly or indirectly, of more than 35% on a fully diluted basis of
the economic and voting interests (including the right to elect directors or similar representatives) in the Capital Stock of the IPO Entity and (ii) and the percentage on a fully diluted basis of the economic and voting interests (including
the right to elect directors or similar representatives) in the Capital Stock of the IPO Entity so held is greater than the percentage on a fully diluted basis of the economic and voting interests (including the right to elect directors or similar
representatives) in the Capital Stock of the IPO Entity held by the Existing Holders, unless the Existing Holders, directly or indirectly, otherwise have the right (pursuant to contract, proxy or otherwise) to designate, nominate or appoint (and do
so designate, nominate or appoint) a majority of the board of directors of the IPO Entity; (c) the sale, lease, transfer, conveyance or  

  
 6 

 
other disposition, in one or a series of related transactions, of all or substantially all of the assets of Holdings and its Subsidiaries taken as a whole to any “person” (as such term
is given meaning in the Exchange Act and the rules of the SEC thereunder); (d) at any time during any consecutive two-year period after an Initial Public Equity Offering, individuals who at the beginning of such period constituted the board of
directors of the IPO Entity (together with any new directors whose election or appointment by the board of directors of the IPO Entity or whose nomination for election by the shareholders of the IPO Entity was approved by a vote of a majority of the
directors of the IPO Entity then still in office who were either directors at the beginning of such period or whose election, appointment or nomination for election was previously so approved) cease for any reason to constitute a majority of the
board of directors of the IPO Entity then in office; or (e) Holdings shall cease to beneficially own and control 100% on a fully diluted basis of the economic and voting interest in the Capital Stock of Company. 

“Charged-Off Receivable” means a Receivable which, in each case, consistent with the Underwriting Policies, has or should
have been written off Company’s books as uncollectable. 
 “Chattel Paper” means any “chattel paper”,
as such term is defined in the UCC, including electronic chattel paper, now owned or hereafter acquired by the Company. 

“Class” means a class of Revolving Loans hereunder, designated Class A Revolving Loans or Class B Revolving Loans.

 “Class A Applicable Margin” means with respect to each Class A Lender Group the “Class A Applicable
Margin” described in the Fee Letter between Company and such Class A Lender Group. 
 “Class A Borrowing Base”
means, as of any day, an amount equal to the lesser of: 
 (a) (i) the Applicable Class A Advance Rate
multiplied by the Adjusted EPOB at such time, plus (ii) the aggregate amount of Collections in the Lockbox Account and the Collection Account to the extent such Collections and other funds have already been applied to reduce the
Eligible Portfolio Outstanding Principal Balance minus (iii) 105% of the sum of the Accrued Interest Amount as of such day and the aggregate amount of all accrued and unpaid fees and expenses due hereunder and under the Servicing Agreement, the
Backup Servicing Agreement, the Custodial Agreement and the Successor Servicing Agreement; and 
 (b) the Class A Revolving Commitments
on such day. 
 With respect to any calculation of the Class A Borrowing Base with respect to any Credit Date solely for the purpose of
determining Class A Revolving Availability for a requested Class A Revolving Loan, the Class A Borrowing Base will be calculated on a pro forma basis giving effect to the Eligible Receivables to be purchased with the proceeds of such
Loan. With respect to any calculation of the Class A Borrowing Base for any other purpose, the Class A Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base Certificate delivered to the Collateral
Agent and the Administrative Agent, Paying Agent and each Lender with such adjustments as the Paying Agent identifies pursuant to Section 2.21. 

  
 7 

 “Class A Borrowing Base Deficiency” means, as of any day, the amount, if any, by
which the Total Utilization of Class A Revolving Commitments exceeds the Class A Borrowing Base. 
 “Class A Conduit
Lending Limit” means, for any Class A Revolving Conduit Lender, the maximum principal amount of Class A Revolving Loans which may be advanced by such Class A Revolving Conduit Lender as set forth on Appendix A or in
the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof, and as such amount may be modified from time to time by notice from the related Class A Managing Agent to Company and the
Administrative Agent. 
 “Class A Indemnitee” means an Indemnitee who is a Class A Revolving Lender, an
Affiliate of a Class A Revolving Lender or an officer, partner, director, trustee, employee or agent of a Class A Revolving Lender. 

“Class A Lender Group” means any Class A Managing Agent and its related Class A Revolving Conduit Lenders, if any,
and Class A Revolving Committed Lenders. 
 “Class A Lender Group Limit” means, for any Class A Lender
Group, the amount set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. 

“Class A Lender Group Percentage” means, for any Class A Lender Group, the percentage equivalent of a fraction
(expressed out to five decimal places), the numerator of which is the aggregate of the Class A Revolving Commitments of all Class A Revolving Committed Lenders in such Class A Lender Group and the denominator of which is the
Class A Revolving Commitments. 
 “Class A Managing Agent” means, as to any Class A Revolving Conduit
Lender or Class A Revolving Committed Lender, the Person listed on Appendix A as the “Class A Managing Agent” for such Lenders, together with its respective successors and permitted assigns. 

“Class A Revolving Availability” means, as of any date of determination, the amount, if any, by which the Class A
Borrowing Base exceeds the Total Utilization of Class A Revolving Commitments. 
 “Class A Revolving Committed
Lender” means, as to any Class A Lender Group, each of the financial institutions listed on Appendix A as a “Class A Revolving Committed Lender” for such Class A Lender Group, and any other Person that becomes a
party hereto as a Class A Revolving Committed Lender pursuant to an Assignment Agreement. 
 “Class A Revolving
Commitment” means the commitment of a Class A Revolving Committed Lender to make or otherwise fund any Class A Revolving Loan and “Class A Revolving Commitments” means such commitments of all Class A
Revolving Committed Lenders in the aggregate. The amount of each Class A Revolving Committed Lender’s Class A Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any
adjustment or reduction pursuant to the terms and conditions hereof. The Class A Revolving Commitment of each Class A Revolving Committed Lender will be equal to zero on the Revolving Commitment Termination Date. 

  
 8 

 “Class A Revolving Conduit Lender” means collectively, the Persons identified as
“Class A Revolving Conduit Lenders” on Appendix A and any other Person that becomes a party hereto as a Class A Revolving Conduit Lender pursuant to an Assignment Agreement 

“Class A Revolving Exposure” means, with respect to any Class A Lender Group, as of any date of determination,
(a) prior to the termination of the Class A Revolving Commitments, the sum of the Class A Revolving Commitments of the Class A Revolving Committed Lenders in such Class A Lender Group; and (b) after the termination of
the Class A Revolving Commitments, the aggregate outstanding principal amount of the Class A Revolving Loans owing to the Class A Revolving Committed Lenders and the Class A Revolving Conduit Lenders in such Class A Lender
Group. 
 “Class A Revolving Lender” means each Class A Revolving Committed Lender and each Class A
Revolving Conduit Lender. 
 “Class A Revolving Loan” means a Loan made by a Class A Revolving Lender to
Company pursuant to Section 2.1. 
 “Class A Revolving Loan Note” means a promissory note in the form of
Exhibit B-1 hereto, as it may be amended, supplemented or otherwise modified from time to time. 
 “Class B Applicable
Margin” means with respect to each Class B Lender the “Class B Applicable Margin” described in the Fee Letter between Company and such Class B Lender. 

“Class B Borrowing Base” means, as of any day, an amount equal to the lesser of: 

(a) (i) the Applicable Class B Advance Rate multiplied by the Adjusted EPOB at such time, plus (ii) the aggregate amount of
Collections in the Lockbox Account and the Collection Account to the extent such Collections and other funds have already been applied to reduce the Eligible Portfolio Outstanding Principal Balance, minus (iii) 105% of the sum of the
Accrued Interest Amount as of such day and the aggregate amount of all accrued and unpaid fees and expenses due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Successor Servicing
Agreement, minus (iv) the aggregate outstanding principal amount of the Class A Revolving Loans as of such date; and 
 (b)
the Class B Revolving Commitments on such day. 
 With respect to any calculation of the Class B Borrowing Base with respect to any Credit
Date solely for the purpose of determining Class B Revolving Availability for a requested Class B Revolving Loan, the Class B Borrowing Base will be calculated on a pro forma basis giving effect to the Eligible Receivables to be purchased with the
proceeds of such Loan. With respect to any calculation of the Class B Borrowing Base for any other purpose, the Class B Borrowing Base at any time shall be determined by reference to the most recent Borrowing Base

  
 9 

 
Certificate delivered to the Collateral Agent, the Administrative Agent, Paying Agent and each Lender, as adjusted to reflect any adjustments identified by the Paying Agent pursuant to
Section 2.21. 
 “Class B Borrowing Base Deficiency” means, as of any day, the amount, if any, by which the
Total Utilization of Class B Revolving Commitments exceeds the Class B Borrowing Base. 
 “Class B Indemnitee” means an
Indemnitee who is a Class B Revolving Lender, an Affiliate of a Class B Revolving Lender or an officer, partner, director, trustee, employee or agent of a Class B Revolving Lender. 

“Class B Revolving Availability” means, as of any date of determination, the amount, if any, by which the Class B Borrowing
Base exceeds the Total Utilization of Class B Revolving Commitments. 
 “Class B Revolving Commitment” means the
commitment of a Class B Revolving Lender to make or otherwise fund any Class B Revolving Loan and “Class B Revolving Commitments” means such commitments of all Class B Revolving Lenders in the aggregate. The amount of each Class B
Revolving Lender’s Class B Revolving Commitment, if any, is set forth on Appendix A or in the applicable Assignment Agreement, subject to any adjustment or reduction pursuant to the terms and conditions hereof. The aggregate amount of
the Class B Revolving Commitments as of the Amendment Effective Date is $17,647,000. The Class B Revolving Commitment of each Class B Revolving Lender will be equal to zero on the Revolving Commitment Termination Date. 

“Class B Revolving Exposure” means, with respect to any Class B Revolving Lender as of any date of determination,
(i) prior to the termination of the Class B Revolving Commitments, that Lender’s Class B Revolving Commitment; and (ii) after the termination of the Class B Revolving Commitments, the aggregate outstanding principal amount of the
Class B Revolving Loans of that Lender. 
 “Class B Revolving Lender” means each financial institution listed on the
signature pages hereto as a Class B Revolving Lender, and any other Person that becomes a party hereto as a Class B Revolving Lender pursuant to an Assignment Agreement. 

“Class B Revolving Loan” means a Loan made by a Class B Revolving Lender to Company pursuant to Section 2.1.

 “Class B Revolving Loan Note” means a promissory note in the form of Exhibit B-2, as it may be amended,
supplemented or otherwise modified from time to time. 
 “Collateral” means, collectively, all of the real, personal
and mixed property (including Capital Stock) in which Liens are purported to be granted pursuant to the Collateral Documents as security for the Obligations. 

“Collateral Agent” as defined in the preamble hereto. 

  
 10 

 “Collateral Assignment” means that certain Collateral Assignment dated as of
August 16, 2013 by Company for the benefit of the Collateral Agent on behalf of the Secured Parties.  
 “Collateral
Documents” means the Security Agreement, the Control Agreements, the Collateral Assignment and all other instruments, documents and agreements delivered by, or on behalf or at the request of, Company or Holdings pursuant to this Agreement
or any of the other Credit Documents, as the case may be, in order to grant to, or perfect in favor of, Collateral Agent, for the benefit of Secured Parties, a Lien on any real, personal or mixed property of Company as security for the Obligations
or to protect or preserve the interests of Collateral Agent or the Secured Parties therein. 
 “Collateral Receipt and
Exception Report” shall mean the “Trust Receipt” as defined in the Custodial Agreement. 
 “Collection
Account” means a Securities Account with account number OD1301.1 at Deutsche Bank Trust Company Americas in the name of Company.  

“Collections” means, with respect to each Pledged Receivable, any and all cash collections and other cash proceeds of such
Pledged Receivable (whether in the form of cash, checks, wire transfers, electronic transfers or any other form of cash payment), including, without limitation, all prepayments, all overdue payments, all prepayment penalties and early termination
penalties, all finance charges, if any, all amounts collected as interest, fees (including, without limitation, any servicing fees, any origination fees, any loan guaranty fees and, any platform fees), or charges for late payments with respect to
such Pledged Receivable, all recoveries with respect to each Charged-Off Receivable (net of amounts, if any, retained by any third party collection agent), all investment proceeds and other investment earnings (net of losses and investment expenses)
on Collections as a result of the investment thereof pursuant to Section 6.7, all proceeds of any sale, transfer or other disposition of any Pledged Receivable by Company and all deposits, payments or recoveries made in respect of any
Pledged Receivable to any Controlled Account, or received by Company in respect of a Pledged Receivable, and all payments representing a disposition of any Pledged Receivable. 

“Commercial Paper” means the short term promissory notes issued by a Class A Revolving Conduit Lender in the commercial
paper market. 
 “Committed Lender Pro Rata Share” means, with respect to any Class A Revolving Committed
Lender in any Class A Lender Group, the Class A Revolving Commitment of such Class A Revolving Committed Lender at such time, divided by the aggregate amount of the Class A Revolving Commitments of all Class A
Revolving Committed Lenders in such Class A Lender Group at such time. 
 “Company” as defined in the preamble
hereto. 
 “Compliance Certificate” means a Compliance Certificate substantially in the form of
Exhibit C-1. 
 “Compliance Review” as defined in Section 5.5(b). 

  
 11 

 “Consolidated Liquidity” means, as of any date of determination, an
amount determined for Holdings and its Subsidiaries, on a consolidated basis, equal to the sum of (i) unrestricted Cash and Cash Equivalents of Holdings and its Subsidiaries, as of such date, plus, (ii) amounts (if any) in the
Reserve Account as of such date, plus (iii) the sum of the Class A Revolving Availability and the Class B Revolving Availability as of such date of determination, plus (iv) the aggregate amount of all unused and
available credit commitments under any credit facilities of Holdings and its Subsidiaries, as of such date; provided, as of such date, all of the conditions to funding such amounts under clause (iii) and (iv), as the case may be, have
been fully satisfied (other than delivery of prior notice of funding and pre-funding notices, opinions and certificates that are reasonably capable of delivery as of such date) and no lender under such credit facilities shall have refused to make a
loan or other advance thereunder at any time after a request for a loan was made thereunder.  
 “Consolidated Total
Debt” means, as at any date of determination, the aggregate stated balance sheet amount of all Indebtedness of Holdings and its Subsidiaries determined on a consolidated basis in accordance with GAAP, including all accrued and unpaid
interest on the foregoing, provided, that accounts payable, accrued expenses, liabilities for leasehold improvements and deferred revenue of Holdings and its Subsidiaries shall not be included in any determination of Consolidated Total
Debt. 
 “Contractual Obligation” means, as applied to any Person, any provision of any Security issued by that
Person or of any indenture, mortgage, deed of trust, contract, undertaking, agreement or other instrument to which that Person is a party or by which it or any of its properties is bound or to which it or any of its properties is subject.

 “Control Agreements” means collectively, the Lockbox Account Control Agreement, the Securities Account Control
Agreement and the Blocked Account Control Agreement. 
 “Controlled Account” means each of the Reserve Account, the
Collection Account and the Lockbox Account, and the “Controlled Accounts” means all of such accounts. 

“Controlled Account Bank” means Deutsche Bank Trust Company Americas. 

“Convertible Indebtedness” means any Indebtedness of Holdings that (a) is convertible to equity, including convertible
preferred stock, (b) requires no payment of principal thereof or interest thereon and (c) is fully subordinated to all indebtedness for borrowed money of Holdings, as to right and time of payment and as to any other rights and remedies
thereunder, including, an agreement on the part of the holders of such Indebtedness that the maturity of such Indebtedness cannot be accelerated prior to the maturity date of such indebtedness for borrowed money.  

“Cost of Funds Rate” means, with respect to any Class A Revolving Loan on any day (i) to the extent such
Class A Revolving Loan is funded or maintained on such day by a Class A Revolving Conduit Lender through the issuance of Commercial Paper, the CP Rate and (ii) otherwise, the Alternative Rate. 

  
 12 

 “CP Rate” means, with respect to any Class A Revolving Conduit Lender on
any day, the per annum rate equivalent to the weighted average cost (as reasonably determined by the related Managing Agent, and which shall include (without duplication), the fees and commissions of placement agents and dealers, incremental
carrying costs incurred with respect to Commercial Paper maturing on dates other than those on which corresponding funds are received by such Class A Revolving Conduit Lender, other borrowings by such Class A Revolving Conduit Lender and
any other costs associated with the issuance of Commercial Paper) to the extent related to the issuance of Commercial Paper that is allocated, in whole or in part, by such Class A Revolving Conduit Lender or its related Managing Agent to fund
or maintain a Class A Revolving Loan (or portion thereof) on such day; provided, however, that if any component of any such rate is a discount rate, in calculating the “CP Rate” for such day, the related Managing Agent shall for such
component use the rate resulting from converting such discount rate to an interest bearing equivalent rate per annum. 

“Credit Card Issuer” means a member of Visa, MasterCard, American Express, Discover and PayPal. 

“Credit Card Payment” means an amount owing by Credit Card Issuer to a Receivables Obligor (i) in respect of a purchase
made by a customer of such Receivables Obligor, (ii) paid for using a credit card issued by such Credit Card Issuer, and (iii) that is required by the applicable Transfer Account Loan Documentation to be deposited into a Transfer Account.
 
 “Credit Date” means the date of a Credit Extension. 

“Credit Document” means any of this Agreement, the Revolving Loan Notes, if any, the Collateral Documents, the Fee Letters,
the Asset Purchase Agreement, the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement, the Undertakings Agreement and all other documents, instruments or agreements executed and delivered by Company or Holdings for the
benefit of any Agent or any Lender in connection herewith. 
 “Credit Document Amendments” as defined in Section
3.2(a). 
 “Credit Extension” means the making of a Loan. 

“CRR” means Articles 404-410 of The European Union Capital Requirements Regulation (Regulation (EU) No 575/2013), as amended.

 “Cumulative Defaults” means, with respect to any Vintage Pool as of the end of any Monthly Period, the sum for all
Receivables in such Vintage Pool that became Defaulted Receivables of the Outstanding Principal Balances thereof determined as of the date on which they became Defaulted Receivables less any Collections received on such Defaulted Receivables from
and after the date on which they became Defaulted Receivables (measured for the period commencing from the origination of each such Receivable to the end of such Monthly Period). 

“Cumulative Static Pool Default Ratio” means, the percentage equivalent of a fraction (i) the numerator of which is the
aggregate Cumulative Defaults in respect of any Vintage Pool as of the last day of the most recently ended Monthly Period and (ii) the 

  
 13 

 
denominator of which is (a) for any Vintage Pool other than the Q2 Vintage Pool, the aggregate original Outstanding Principal Balance of all Receivables comprising such Vintage Pool, and
(b) for the Q2 Vintage Pool, the aggregate Outstanding Principal Balance of all Receivables comprising the Q2 Vintage Pool as of the date such Receivables were sold to Company. 

“Custodial Agreement” mean the Custodial Services Agreement, dated as of the Original Closing Date, by and between Company,
Servicer, Custodian and Collateral Agent, as it may be amended, supplemented or otherwise modified from time to time. 

“Custodian” means Deutsche Bank Trust Company Americas, in its capacity as the provider of services under the Custodial
Agreement, or any successor thereto in such capacity appointed in accordance with the Custodial Agreement, and approved by the Requisite Lenders. 

“DBSI” as defined in the preamble hereto. 

“Debtor Relief Laws” means the Bankruptcy Code of the United States, and all other liquidation, conservatorship, bankruptcy,
assignment for the benefit of creditors, moratorium, rearrangement, receivership, insolvency, reorganization, or similar debtor relief Laws of the United States or other applicable jurisdictions from time to time in effect and affecting the rights
of creditors generally. 
 “Default” means a condition or event that, after notice or lapse of time or both, would
constitute an Event of Default. 
 “Default Excess” means, with respect to any Defaulting Lender, the excess, if any, of
such Defaulting Lender’s Pro Rata Share of the aggregate outstanding principal amount of Loans of all Lenders of the applicable Class (calculated as if all Defaulting Lenders of such Class (other than such Defaulting Lender) had funded all of
their respective Defaulted Loans of such Class) over the aggregate outstanding principal amount of all Loans of such Class of such Defaulting Lender. 

“Default Interest Rate” as defined in Section 2.6. 

“Default Period” means, with respect to any Defaulting Lender, the period commencing on the date of the applicable Funding
Default, and ending on the earliest of the following dates: (i) the date on which all Revolving Commitments are cancelled or terminated and/or the Obligations are declared or become immediately due and payable, (ii) the date on which
(a) the Default Excess with respect to such Defaulting Lender shall have been reduced to zero (whether by the funding by such Defaulting Lender of any Defaulted Loans of such Defaulting Lender or by the
non-pro rata application of any payments of the Loans in accordance with the terms of this Agreement), and (b) such Defaulting Lender shall have delivered to Company and Administrative Agent a written
reaffirmation of its intention to honor its obligations hereunder with respect to its Revolving Commitments, and (iii) the date on which Company, Administrative Agent and Requisite Lenders waive all Funding Defaults of such Defaulting Lender in
writing. 
 “Defaulted Loan” as defined in Section 2.18. 

  
 14 

 “Defaulted Receivable” means, with respect to any date of determination, a
Receivable which (i) is a Charged-Off Receivable or (ii) has a Missed Payment Factor of sixty (60) or higher. 

“Defaulting Lender” as defined in Section 2.18. 

“Delinquency Percentage” means, as of one Business Day prior to any Permitted Asset Sale described in clause (c) of the
definition thereof, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent Receivables (that are not Charged-Off Receivables) that are Pledged Receivables as of such
Business Day, and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not Charged-Off Receivables) as of such Business Day. 

“Delinquent Receivable” means, as of any date of determination, any Receivable with a Missed Payment Factor of one
(1) or higher as of such date. 
 “Deposit Account” means a “deposit account” (as defined in the UCC),
including a demand, time, savings, passbook or like account with a bank, savings and loan association, credit union or like organization, other than an account evidenced by a negotiable certificate of deposit. 

“Designated Officer” means, with respect to Company, any Person with the title of Chief Executive Officer, Chief Financial
Officer or General Counsel. 
 “Determination Date” means the last day of each Monthly Period. 

“Direct Competitor” means (a) each Person that is listed on the “List of Direct Competitors” provided to the
Paying Agent by the Company on or prior to the Amendment Effective Date, as such list may be updated by the Company from time to time by written notice from the Company to the Paying Agent after the Closing Date identifying one or more Persons
engaged in the same or similar line of business as Holdings (each Person described in this clause (a), a “Listed Competitor”), and (b) (i) any clearly identifiable Affiliate of any Listed Competitor on the basis of such
Affiliate’s name or (ii) any Affiliate of any Listed Competitor which the Company, either before or after its receipt of notification of a proposed assignment to such Affiliate, has identified in writing to the Paying Agent as an Affiliate
of a Listed Competitor. 
 “Document Checklist” shall have the meaning attributed to such term in the Custodial Agreement.

 “Documentation Agent” as defined in the preamble hereto. 

“Dollars” and the sign “$” mean the lawful money of the United States. 

“E-Sign Receivable” means any Receivable for which the signature or record of agreement of the Receivables Obligor is
obtained through the use and capture of electronic signatures, click-through consents or other electronically recorded assents. 

  
 15 

 “Early Termination Fee” means a fee payable in connection with any reduction or
termination of any Revolving Commitments (other than any termination pursuant to Section 7.1) on or prior to August 16, 2015 in an amount equal to (i) with respect to the Class A Lenders, the projected income generated by the
Class A Applicable Margin and fees the Class A Revolving Lenders expected to earn pursuant to this Agreement, and (ii) with respect to the Class B Lenders, the projected income generated by the Class B Applicable Margin and fees the
Class B Revolving Lenders expected to earn pursuant to this Agreement, but in each case which they will not earn as a result of such reduction or termination during the period from and including the date of such reduction or termination to the
Revolving Commitment Termination Date as reasonably determined by the Lenders and based on the assumptions that the Class A Revolving Commitments during such period were equal to the Class A Revolving Commitments at the time of such
termination and the Class B Revolving Commitments during such period were equal to the Class B Revolving Commitments at the time of such termination and those Revolving Commitments were fully utilized during such period. 

“Eligible Assignee” means (i) any Lender or any Lender Affiliate (other than a natural person), and (ii) any other
Person (other than a natural Person) approved by Company, so long as no Default or Event of Default has occurred and is continuing, and Administrative Agent (each such approval not to be unreasonably withheld, it being understood that any failure to
approve any assignment to a Direct Competitor shall be deemed reasonable); provided, that (y) neither Holdings nor any Affiliate of Holdings shall, in any event, be an Eligible Assignee, and (z) no Direct Competitor shall be an
Eligible Assignee so long as no Specified Event of Default has occurred and is continuing. 
 “Eligible Portfolio Outstanding
Principal Balance” means, as of any date of determination, the sum of the Outstanding Principal Balance for all Eligible Receivables as of such date. 

“Eligible Receivable” means a Receivable with respect to which the Eligibility Criteria are satisfied as of the applicable
date of determination. 
 “Eligible Receivables Obligor” means a Receivables Obligor that satisfies the criteria specified
in Appendix C hereto under the definition of “Eligible Receivables Obligor”, subject to any changes agreed to by each of the Requisite Class A Lenders, the Requisite Class B Lenders and Company from time to time after the
Amendment Effective Date. 
 “Eligibility Criteria” means the criteria specified in Appendix C hereto under the
definition of “Eligibility Criteria”, subject to any changes agreed to by each of the Requisite Class A Lenders, the Requisite Class B Lenders and Company from time to time after the Amendment Effective Date. 

“Employee Benefit Plan” means any “employee benefit plan” as defined in Section 3(3) of ERISA which is or was
sponsored, maintained or contributed to by, or required to be contributed by, Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates. 

“ERISA” means the Employee Retirement Income Security Act of 1974, as amended to the date hereof and from time to time
hereafter, and any successor statute. 

  
 16 

 “ERISA Affiliate” means, as applied to any Person, (i) any corporation
which is a member of a controlled group of corporations within the meaning of Section 414(b) of the Internal Revenue Code of which that Person is a member; (ii) any trade or business (whether or not incorporated) which is a member of a
group of trades or businesses under common control within the meaning of Section 414(c) of the Internal Revenue Code of which that Person is a member; and (iii) any member of an affiliated service group within the meaning of
Section 414(m) or (o) of the Internal Revenue Code of which that Person, any corporation described in clause (i) above or any trade or business described in clause (ii) above is a member. Any former ERISA Affiliate of a Person
shall continue to be considered an ERISA Affiliate of such Person within the meaning of this definition with respect to the period such entity was an ERISA Affiliate of such Person and with respect to liabilities arising after such period, but only
to the extent that such Person could be liable under the Internal Revenue Code or ERISA as a result of its relationship with such former ERISA Affiliate. 

“ERISA Event” means (i) a “reportable event” within the meaning of Section 4043 of ERISA and the
regulations issued thereunder with respect to any Pension Plan (excluding those for which the provision for thirty (30) day notice to the PBGC has been waived by regulation); (ii) the failure to meet the minimum funding standard of
Section 412 of the Internal Revenue Code with respect to any Pension Plan (whether or not waived in accordance with Section 412(c) of the Internal Revenue Code) or the failure to make by its due date a required installment under
Section 430(j) of the Internal Revenue Code with respect to any Pension Plan or the failure to make any required contribution to a Multiemployer Plan; (iii) the provision by the administrator of any Pension Plan pursuant to
Section 4041(a)(2) of ERISA of a notice of intent to terminate such plan in a distress termination described in Section 4041(c) of ERISA; (iv) the withdrawal by Holdings, any of its Subsidiaries or any of their respective ERISA
Affiliates from any Pension Plan with two or more contributing sponsors or the termination of any such Pension Plan resulting in liability to Holdings, any of its Subsidiaries or any of their respective Affiliates pursuant to Section 4063 or
4064 of ERISA; (v) the institution by the PBGC of proceedings to terminate any Pension Plan, or the occurrence of any event or condition which might constitute grounds under ERISA for the termination of, or the appointment of a trustee to
administer, any Pension Plan; (vi) the imposition of liability on Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates pursuant to Section 4062(e) or 4069 of ERISA or by reason of the application of
Section 4212(c) of ERISA; (vii) the withdrawal of Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates in a complete or partial withdrawal (within the meaning of Sections 4203 and 4205 of ERISA) from any
Multiemployer Plan if there is any potential liability therefor, or the receipt by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates of notice from any Multiemployer Plan that it is in reorganization or insolvency
pursuant to Section 4241 or 4245 of ERISA, or that it intends to terminate or has terminated under Section 4041A or 4042 of ERISA; (viii) the occurrence of an act or omission which could give rise to the imposition on Holdings, any of
its Subsidiaries or, with respect to any Pension Plan or 

  
 17 

 
Multiemployer Plan, any of their respective ERISA Affiliates of fines, penalties, taxes or related charges under Chapter 43 of the Internal Revenue Code or under Section 409,
Section 502(c), (i) or (l), or Section 4071 of ERISA in respect of any Employee Benefit Plan; (ix) the assertion of a material claim (other than routine claims for benefits) against any Employee Benefit Plan of Holdings, any of
its Subsidiaries, or, with respect to any Pension Plan or Multiemployer Plan, any of their respective ERISA Affiliates, or the assets thereof, or against Holdings, any of its Subsidiaries or, with respect to any Pension Plan or Multiemployer Plan,
any of their respective ERISA Affiliates in connection with any Employee Benefit Plan; (x) receipt from the Internal Revenue Service of notice of the failure of any Pension Plan (or any other Employee Benefit Plan intended to be qualified under
Section 401(a) of the Internal Revenue Code) to qualify under Section 401(a) of the Internal Revenue Code, or the failure of any trust forming part of any Pension Plan to qualify for exemption from taxation under Section 501(a) of the
Internal Revenue Code; or (xi) the imposition of a Lien pursuant to Section 430(k) of the Internal Revenue Code or pursuant to Section 303(k) of ERISA with respect to any Pension Plan. 

“Eurocurrency Liabilities” has the meaning assigned to that term in Regulation D of the Board of Governors of the Federal
Reserve System, as in effect from time to time. 
 “Event of Default” means each of the events set forth in
Section 7.1. 
 “Excess Concentration Amounts” means the amounts set forth on Appendix D hereto. 

“Excess Spread” means, with respect to any Monthly Period, the product of (a) 12 times (b) the percentage
equivalent of a fraction (i) the numerator of which is the excess, if any, of (x) the Adjusted Interest Collections for such Monthly Period over (y) the aggregate Outstanding Principal Balance of all Pledged Receivables that became
Defaulted Receivables during such Monthly Period and (ii) the denominator of which is the average daily Outstanding Principal Balance of Pledged Receivables for such Monthly Period. 

“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor statute. 

“Excluded Taxes” means, with respect to any Affected Party, (a) Taxes imposed on or measured by net income (however
denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Affected Party being organized under the laws of, or having its principal office or its applicable lending office located in, the
jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes with respect to such Affected Party, (b) U.S. federal withholding Taxes imposed on amounts payable to or for the account of such
Affected Party with respect to an applicable interest in a Revolving Loan or Revolving Commitment pursuant to a law in effect on the date on which (i) such Affected Party became an Affected Party or (ii) such Affected Party changes its
lending office, except in each case to the extent that, pursuant to Section 2.16(b), amounts with respect to such Taxes were payable either to such Affected Party’s assignor immediately before such Affected Party became an Affected Party
or to such Affected Party immediately before it changed its lending office, and (c) any U.S. federal withholding Taxes imposed under FATCA. 

“Existing Credit Agreement” as defined in the Recitals hereto. 

“Existing Credit Documents” as defined in Section 1.4. 

“Existing Obligations” as defined in Section 1.4. 

  
 18 

 “Face Amount” means in relation to any Commercial Paper (i) if issued on a
discount basis, the face amount stated therein and (ii) if issued on an interest-bearing basis, the principal amount stated therein plus the amount of all interest accrued or to accrue thereon on or prior to its stated maturity date. 

“FATCA” means Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended, as of the date of this agreement
(or any amended or successor version that is substantially comparable and not materially more onerous to comply with), and any current or future regulations promulgated thereunder or official interpretations thereof. 

“Fee Letters” means (i) the letter agreement dated as of the Amendment Effective Date between the Company and DBSI,
(ii) each letter agreement dated as of the Amendment Effective Date between the Company and the Class A Lender Group party thereto, (iii) each letter agreement dated as of the Amendment Effective Date between the Company and the Class
B Revolving Lender party thereto, and (iv) the letter agreement dated as of the Original Closing Date between the Company and the Paying Agent. 

“Financial Covenants” means the financial covenants set forth on Schedule 1.1-B hereto. 

“Financial Officer Certification” means, with respect to the financial statements for which such certification is required,
the certification of the chief financial officer (or the equivalent thereof) of Holdings that such financial statements fairly present, in all material respects, the financial condition of Holdings and its Subsidiaries as at the dates indicated and
the results of their operations and their cash flows for the periods indicated, subject to changes resulting from audit and normal year-end adjustments. 

“Financial Plan” as defined in Section 5.1(k). 

“First Priority” means, with respect to any Lien purported to be created in any Collateral pursuant to any Collateral
Document, that such Lien is perfected and is the only Lien to which such Collateral is subject. 
 “Fiscal Quarter” means a
fiscal quarter of any Fiscal Year. 
 “Fiscal Year” means the fiscal year of Holdings and its Subsidiaries ending on
December 31 of each calendar year. 
 “Funded Indebtedness” means any secured Indebtedness incurred by a Subsidiary of
Holdings from time to time to finance (in whole or in part) a portfolio of Receivables. 
 “Funding Default” as defined in
Section 2.18. 
 “Funding Account” has the meaning set forth in Section 2.11(a). 

“Funding Notice” means a notice substantially in the form of Exhibit A-1.

  
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 “GAAP” means, subject to the limitations on the application thereof set forth in
Section 1.2, United States generally accepted accounting principles in effect as of the date of determination thereof. 

“Gemini Class A Lender Group” means the Gemini Class A Lender Group set forth on Appendix A. 

“Governmental Authority” means any federal, state, municipal, national or other government, governmental department,
commission, board, bureau, court, agency or instrumentality or political subdivision thereof or any entity or officer exercising executive, legislative, judicial, regulatory or administrative functions of or pertaining to any government or any
court, in each case whether associated with a state of the United States, the United States, or a foreign entity or government. 

“Governmental Authorization” means any permit, license, authorization, plan, directive, consent order or consent decree of or
from any Governmental Authority. 
 “Highest Lawful Rate” means the maximum lawful interest rate, if any, that at any time
or from time to time may be contracted for, charged, or received under the laws applicable to any Lender which are presently in effect or, to the extent allowed by law, under such applicable laws which may hereafter be in effect and which allow a
higher maximum nonusurious interest rate than applicable laws now allow. 
 “Historical Financial Statements” means as of
the Amendment Effective Date, (i) the audited financial statements of Holdings and its Subsidiaries, for the Fiscal Year ended 2013, consisting of balance sheets and the related consolidated statements of income, stockholders’ equity and
cash flows for such Fiscal Year, and (ii) for the interim period from January 1, 2014 to the Amendment Effective Date, internally prepared, unaudited financial statements of Holdings and its Subsidiaries, consisting of a balance sheet and
the related consolidated statements of income, stockholders’ equity and cash flows for each quarterly period completed prior to forty-six (46) days before the Amendment Effective Date and for each Monthly Period completed prior to
thirty-one days prior to the Amendment Effective Date, in the case of clauses (i) and (ii), certified by the chief financial officer (or the equivalent thereof) of Holdings that they fairly present, in all material respects, the financial
condition of Holdings and its Subsidiaries as at the dates indicated and the results of their operations and their cash flows for the periods indicated, subject, if applicable, to changes resulting from audit and normal year-end adjustments. 

“Holdings” means On Deck Capital, Inc., a Delaware corporation. 

“Holdings Working Capital Debt” means any Indebtedness of Holdings of the type described in clause (i) or clause
(v) of the definition of “Indebtedness” that is secured in whole or in part by a security interest in Receivables, including any Convertible Debt that is so secured. 

“Hot Backup Servicer Event” means, as of any date of determination with respect to the Monthly Period most recently ended,
that any one of the following events shall have occurred with respect to such Monthly Period: (a) the Excess Spread was less than 20.0%; 

  
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(b) the Maximum Delinquency Rate was greater than 15.0%; or (c) the Maximum 15 Day Delinquency Rate was greater than 8.0%. Notwithstanding the foregoing, a Hot Backup Servicer Event shall be
deemed to no longer exist from and after the date upon which the Hot Backup Servicer Event Cure has occurred (provided that only one Hot Backup Servicer Event Cure shall be permitted hereunder). 

“Hot Backup Servicer Event Cure” shall mean, as of any date of determination with respect to the three Monthly Periods most
recently ended, that each of the following conditions has been satisfied with respect to each such Monthly Period after the occurrence of a Hot Backup Servicer Event: (a) the Average Excess Spread was greater than 26.0%; (b) the Maximum
Delinquency Rate was less than 13.0%; (c) the Maximum 15 Day Delinquency Rate was less than 6.75%; and (d) no Hot Backup Servicer Event Cure shall have previously occurred. 

“Increased-Cost Lenders” as defined in Section 2.19. 

“Indebtedness” as applied to any Person, means, without duplication, (i) all indebtedness for borrowed money;
(ii) that portion of obligations with respect to Capital Leases that is properly classified as a liability on a balance sheet in conformity with GAAP; (iii) notes payable and drafts accepted representing extensions of credit whether or not
representing obligations for borrowed money; (iv) any obligation owed for all or any part of the deferred purchase price of property or services (excluding trade payables incurred in the ordinary course of business that are unsecured and not
overdue by more than six (6) months unless being contested in good faith and any such obligations incurred under ERISA); (v) all indebtedness secured by any Lien on any property or asset owned or held by that Person regardless of whether
the indebtedness secured thereby shall have been assumed by that Person or is nonrecourse to the credit of that Person; (vi) the face amount of any letter of credit issued for the account of that Person or as to which that Person is otherwise
liable for reimbursement of drawings; (vii) the direct or indirect guaranty, endorsement (otherwise than for collection or deposit in the ordinary course of business), co-making, discounting with recourse
or sale with recourse by such Person of the obligation of another; (viii) any obligation of such Person the primary purpose or intent of which is to provide assurance to an obligee that the obligation of the obligor thereof will be paid or
discharged, or any agreement relating thereto will be complied with, or the holders thereof will be protected (in whole or in part) against loss in respect thereof; (ix) any liability of such Person for an obligation of another through any
Contractual Obligation (contingent or otherwise) (a) to purchase, repurchase or otherwise acquire such obligation or any security therefor, or to provide funds for the payment or discharge of such obligation (whether in the form of loans,
advances, stock purchases, capital contributions or otherwise) or (b) to maintain the solvency or any balance sheet item, level of income or financial condition of another if, in the case of any agreement described under subclauses (a) or
(b) of this clause (ix), the primary purpose or intent thereof is as described in clause (viii) above; and (x) all obligations of such Person in respect of any exchange traded or over the counter derivative transaction, whether
entered into for hedging or speculative purposes. 
 “Indemnified Liabilities” means, collectively, any and all
liabilities, obligations, losses, damages, penalties, claims, costs, expenses and disbursements of any kind or nature whatsoever (excluding any amounts not otherwise payable by Company under Section 2.16(b)(iii) but including the
reasonable and documented fees and disbursements of one (1) 

  
 21 

 
counsel for Class A Indemnitees and one counsel for Class B Indemnitees in connection with any investigative, administrative or judicial proceeding commenced or threatened by any Person,
whether or not any such Indemnitee shall be designated as a party or a potential party thereto, and any reasonable and documented fees or expenses incurred by Indemnitees in enforcing this indemnity), whether direct, indirect or consequential and
whether based on any federal, state or foreign laws, statutes, rules or regulations (including securities and commercial laws, statutes, rules or regulations), on common law or equitable cause or on contract or otherwise, that may be imposed on,
incurred by, or asserted against any such Indemnitee, in any manner relating to or arising out of this Agreement or the other Credit Documents, any Related Agreement, or the transactions contemplated hereby or thereby (including the Lenders’
agreement to make Credit Extensions or the use or intended use of the proceeds thereof, or any enforcement of any of the Credit Documents (including any sale of, collection from, or other realization upon any of the Collateral)). 

“Indemnified Taxes” means Taxes, other than Excluded Taxes, imposed on or with respect to any payment made by or on account
of any obligation of the Borrower under any Credit Document. 
 “Indemnitee” as defined in Section 9.3. 

“Indemnitee Agent Party” as defined in Section 8.6(b). 

“Independent Manager” as defined in Section 6.15. 

“Initial Public Equity Offering” means an initial underwritten public offering of common Capital Stock of the IPO Entity
pursuant to a registration statement filed with the SEC in accordance with the Securities Act, which yields not less than $50,000,000 in Net Cash Proceeds. 

“Intangible Assets” means assets that are considered to be intangible assets under GAAP, including customer lists, goodwill,
computer software, copyrights, trade names, trademarks, patents, franchises, licenses, unamortized deferred charges, unamortized debt discount and capitalized research and development costs. 

“Interest Payment Date” means the fifteenth calendar day after the end of each Monthly Period, and if such date is not a
Business Day, the next succeeding Business Day. 
 “Interest Period” means an interest period (i) initially,
commencing on and including the Original Closing Date and ending on but excluding the initial Interest Payment Date; and (ii) thereafter, commencing on and including each Interest Payment Date and ending on and excluding the immediately
succeeding Interest Payment Date; provided, that no Interest Period with respect to any portion of the Revolving Loans shall extend beyond the Revolving Commitment Termination Date. 

“Interest Rate Determination Date” means, with respect to any Interest Period, the date that is four (4) Business Days
prior to each Interest Payment Date. 

  
 22 

 “Internal Revenue Code” means the Internal Revenue Code of 1986, as amended to
the date hereof and from time to time hereafter, and any successor statute. 
 “Investment” means (i) any direct or
indirect purchase or other acquisition by Company of, or of a beneficial interest in, any of the Securities of any other Person; (ii) any direct or indirect redemption, retirement, purchase or other acquisition for value, from any Person, of
any Capital Stock of such Person; and (iii) any direct or indirect loan, advance (other than advances to employees for moving, entertainment and travel expenses, drawing accounts and similar expenditures in the ordinary course of business) or
capital contributions by Company to any other Person, including all indebtedness and accounts receivable from that other Person that are not current assets or did not arise from sales to that other Person in the ordinary course of business. The
amount of any Investment shall be the original cost of such Investment plus the cost of all additions thereto, without any adjustments for increases or decreases in value, or write-ups, write-downs or write-offs with respect to such Investment. 

“IPO Entity” means, at any time at and after the Initial Public Equity Offering, Holdings or a parent entity of Holdings, as
the case may be, the common Capital Stock of which were issued or otherwise sold pursuant to the Initial Public Equity Offering; provided that, immediately following the Initial Public Equity Offering, (i) if the IPO Entity is not Holdings,
Holdings is a wholly-owned Subsidiary of the IPO Entity and (ii) the IPO Entity owns, directly or through its subsidiaries, substantially all the businesses and assets owned or conducted, directly or indirectly, by Holdings immediately prior to
the Initial Public Equity Offering. 
 “Joint Venture” means a joint venture, partnership or other similar arrangement,
whether in corporate, partnership or other legal form; provided, in no event shall any corporate Subsidiary of any Person be considered to be a Joint Venture to which such Person is a party. 

“Key Equipment Class A Lender Group” means the Key Equipment Class A Lender Group set forth on Appendix A.

 “Key Person Event” means the occurrence, after the Amendment Effective Date, of each of the following events:
(i) the termination or resignation of each of the officers holding the positions of Chief Executive Officer and Chief Operating Officer as of the Amendment Effective Date, (ii) the failure by Holdings to replace each such officer with a
replacement officer acceptable to the Requisite Lenders in their Permitted Discretion within ninety (90) days after the second such termination or resignation, and (iii) the delivery by the Administrative Agent of written notice to Company
after such ninety (90) day period notifying Company that a “Key Person Event” has occurred. 
 “Lender”
means each Class A Revolving Lender and each Class B Revolving Lender. 
 “Lender Affiliate” means, as applied to any
Lender or Agent, any Related Fund and any Person directly or indirectly controlling (including any member of senior management of such Person), controlled by, or under common control with, such Lender or Agent. For the purposes of this definition,
“control” (including, with correlative meanings, the terms “controlling,” “controlled by” and “under common control with”), as applied to any Person, 

  
 23 

 
means the possession, directly or indirectly, of the power (i) to vote 10% or more of the Securities having ordinary voting power for the election of directors of such Person or (ii) to
direct or cause the direction of the management and policies of that Person, whether through the ownership of voting securities or by contract or otherwise. 

“Leverage Ratio” means the ratio as of any day of (a) Consolidated Total Debt, excluding Subordinated Debt and
Convertible Indebtedness, as of such day, to (b) the sum of (i) Holdings’ total stockholders’ equity as of such day, (ii) Warranty Liability as of such day and (iii) the sum of Subordinated Debt and Convertible
Indebtedness as of such day. 
 “LIBO Rate” means, for any Loan (or portion thereof) for any Interest Period, the rate per
annum determined by the Paying Agent at approximately 11:00 a.m., London time, on the second Business Day before the first day of such Interest Period by reference to the British Bankers’ Association Interest Settlement Rate (or any successor
thereto) for deposits in dollars for a period of one month (as set forth by the Bloomberg Information Service or any successor thereto or any other service selected by the Paying Agent in its sole discretion); provided, that if such rate is
not available at such time for any reason, then the “LIBO Rate” shall be the rate per annum equal to the average (rounded upward to the nearest 1/16th of 1%) of the respective rates notified to the Paying Agent by Deutsche Bank AG as the
rate at which Deutsche Bank AG offers deposits in Dollars at or about 10:00 a.m., New York City time, two Business Days prior to the beginning of the related Interest Period, in the interbank eurocurrency market where the eurocurrency and foreign
currency and exchange operations in respect of its Eurodollar loans are then being conducted for delivery on the first day of such Interest Period for the number of days comprised therein and in an amount comparable to the applicable amount of the
outstanding principal balance to be accruing interest at the LIBO Rate during such Interest Period. 
 “LIBO Rate Reserve
Percentage” means, for any Interest Period in respect of which interest is computed by reference to the LIBO Rate, the reserve percentage applicable two Business Days before the first day of such Interest Period under regulations issued
from time to time by the Board of Governors of the Federal Reserve System (or any successor) (or if more than one such percentage shall be applicable, the daily average of such percentages for those days in such Interest Period during which any such
percentage shall be so applicable) for determining the maximum reserve requirement (including any emergency, supplemental or other marginal reserve requirement) with respect to liabilities or assets consisting of or including Eurocurrency
Liabilities (or with respect to any other category of liabilities that includes deposits by reference to which the interest rate on Eurocurrency Liabilities is determined) having a term approximating such Interest Period. 

“LIBOR Disruption Event” means, with respect to any Interest Period, any of the following: (i) a determination by any
Lender or any Liquidity Provider that it would be contrary to law or to the directive of any central bank or other governmental authority (whether or not having the force of law) to obtain dollars in the London interbank market to make, fund or
maintain Loans during such Interest Period, (ii) the failure of the source listed in the definition of “LIBO Rate” to publish a London interbank offered rate as of 11:00 a.m. on the second Business Day prior to the first day of such
Interest Period, together with the failure of Deutsche Bank AG to provide notice of an alternate rate (each as contemplated in such definition), (iii) a 

  
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determination by any Lender or Liquidity Provider that the rate at which deposits of United States dollars are being offered in the London interbank market does not accurately reflect the cost to
such Person of making, funding or maintaining its Loans for such Interest Period or (iv) the inability of such Lender or Liquidity Provider, because of market events not under the control of such Person, to obtain United States dollars in the
London interbank market to make, fund or maintain its Loans for such Interest Period. 
 “Lien” means (i) any lien,
mortgage, pledge, assignment, security interest, charge or encumbrance of any kind (including any agreement to give any of the foregoing, any conditional sale or other title retention agreement, and any lease in the nature thereof) and any option,
trust or other preferential arrangement having the practical effect of any of the foregoing, and (ii) in the case of Securities, any purchase option, call or similar right of a third party with respect to such Securities. 

“Limited Liability Company Agreement” means the Amended and Restated Limited Liability Company Agreement of the Company,
dated as of the Original Closing Date, as it may be amended, restated or otherwise modified from time to time in accordance with Section 6.16. 

“Liquidation Fees” means, in the event of any prepayment of a Class A Revolving Loan pursuant to
Section 2.11(c)(vii)(B) owing to a Class A Revolving Lender, and for the Interest Period during which such Class A Revolving Loan was prepaid, the amount, if any, by which (i) interest would have accrued at the Cost of
Funds Rate for each day during such Interest Period on the reduction of the principal amount of such Class A Revolving Loan during such Interest Period had such reduction not occurred, exceeds (ii) the positive income, if any, received by
such Class A Revolving Lender from the investment of the proceeds of such reduction. A certificate as to the amount of any Liquidation Fee (including the computation of such amount) shall be submitted by the Class A Managing Agent on
behalf of the affected Class A Revolving Lender to Company and Paying Agent and shall be conclusive and binding for all purposes, absent manifest error. 

“Liquidity Agreement” means a liquidity loan agreement, asset purchase agreement or similar agreement entered into by
a Class A Revolving Conduit Lender with a group of financial institutions in connection with this Agreement. 
 “Liquidity
Provider” means any of the financial institutions from time to time party to any Liquidity Agreement with a Class A Revolving Conduit Lender. 

“Loan” means a Revolving Loan. 

“Lockbox Account” means a Deposit Account with account number 1830012203 at MB Financial Bank, N.A. in the name of Company.

 “Lockbox Account Control Agreement” shall have the meaning attributed to such term in the Security Agreement. 

“Lockbox System” as defined in Section 2.11(c). 

  
 25 

 “Margin Stock” as defined in Regulation U of the Board of Governors of the
Federal Reserve System as in effect from time to time. 
 “Marketplace Receivables” means, with respect to any Fiscal
Quarter, any Receivables sold by Holdings to one or more non-Affiliated purchasers during such Fiscal Quarter pursuant to a whole loan sale agreement or a similar agreement. 

“Master Record” as defined in the Custodial Agreement. 

“Material Adverse Effect” means a material adverse effect on: (i) the business, operations, properties, assets,
financial condition or results of operations of Company or Holdings; (ii) the ability of Company to pay any Obligations or Company or Holdings to fully and timely perform, in any material respect, its obligations under any Credit Document;
(iii) the legality, validity, binding effect, or enforceability against Company or Holdings of any Credit Document to which it is a party; (iv) the existence, perfection, priority or enforceability of any security interest in the Pledged
Receivables; (v) the validity, collectability, or enforceability of the Pledged Receivables taken as a whole or in any material part, or (vi) the rights, remedies and benefits available to, or conferred upon, any Agent and any Lender or
any Secured Party under any Credit Document. 
 “Material Change Notice” has the meaning set forth in Section 6.17.

 “Material Contract” means any contract or other arrangement to which Company is a party (other than the Credit Documents
or the Related Agreements) for which breach, nonperformance, cancellation or failure to renew could reasonably be expected to have a Material Adverse Effect. 

“Material Modification” means, with respect to any Receivable, a reduction in the interest rate, an extension of the term, a
reduction in, or change in frequency of, any required Payment or extension of a Payment Date or a reduction in the Outstanding Principal Balance. 

“Material Underwriting Policy Change” means any change or modification to the Underwriting Policies, if such change or
modification could reasonably be expected to be adverse to Lenders or the Collateral, provided that any change or modification to the Underwriting Policies relating solely to the addition or modification of a Receivable product type
introduced after the Original Closing Date (each, a “New Product”) shall not be deemed to be a Material Underwriting Policy Change unless and until, during any Monthly Period, the aggregate origination by Holdings of New Products
exceeds (on a funded basis) the aggregate origination by Holdings of all Receivable products (at which point any such change or modification shall be deemed to be a Material Underwriting Policy Change). Notwithstanding the foregoing, any New Product
shall no longer be considered a New Product for purposes of this definition subsequent to the time such New Product is generally (subject to the terms and conditions set forth herein) able to be financed hereunder or under another credit facility
provided by the Administrative Agent or its affiliates. 
 “Materials” as defined in Section 5.5(b). 

  
 26 

 “Maximum 15 Day Delinquency Rate” means, with respect to any Monthly Period, the
percentage equivalent of a fraction (i) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent Receivables (other than Charged-Off Receivables) that are Pledged Receivables that have a Missed Payment Factor of
15 or higher as of the last day of such Monthly Period and (ii) the denominator of which is the aggregate Outstanding Principal Balance of all Receivables (other than Charged-Off Receivables) that are Pledged Receivables as of the last day of
such Monthly Period. 
 “Maximum Delinquency Rate” means, with respect to any Monthly Period, the percentage equivalent of
a fraction (i) the numerator of which is the aggregate Outstanding Principal Balance of all Delinquent Receivables (other than Charged-Off Receivables) that are Pledged Receivables as of the last day of such Monthly Period and (ii) the
denominator of which is the aggregate Outstanding Principal Balance of all Receivables (other than Charged-Off Receivables) that are Pledged Receivables as of the last day of such Monthly Period. 

“Maximum Upfront Fee” means, with respect to each Receivable, the greater of (a) $695 and (b) 3.5% of the original
aggregate unpaid principal balance of such Receivable. 
 “Minimum Retained Membership Interest” has the meaning assigned
to such term in Section 5.10(a). 
 “Missed Payment Factor” means, in respect of any Receivable, an amount equal to
the sum of (a) the amount equal to (i) the total past due amount of Payments in respect of such Receivable, divided by (ii) the required periodic Payment in respect of such Receivable as set forth in the related Receivable
Agreement and (b) the number of Payment Dates, if any, past the Receivable maturity date on which a Payment was due but not received. 

“Monthly Period” means the period from and including the first day of a calendar month to and including the last day of such
calendar month. 
 “Monthly Reporting Date” means the third Business Day prior to each Interest Payment Date. 

“Monthly Servicing Report” shall have the meaning attributed to such term in the Servicing Agreement. 

“Moody’s” means Moody’s Investor Services, Inc. 

“Multiemployer Plan” means any Employee Benefit Plan which is a “multiemployer plan” as defined in
Section 3(37) of ERISA. 
 “NAIC” means The National Association of Insurance Commissioners, and any successor
thereto. 
 “Net Asset Sale Proceeds” means, with respect to any Permitted Asset Sale, an amount equal to: (i) Cash
payments received by, or on behalf of, Company from such Permitted Asset Sale, minus (ii) any bona fide direct costs incurred in connection with such Permitted Asset Sale to the extent paid or payable to non-Affiliates, including
(a) income or gains taxes 

  
 27 

 
payable by the seller as a result of any gain recognized in connection with such Permitted Asset Sale during the tax period the sale occurs and (b) a reasonable reserve for any recourse for
a breach of the representations and warranties made by Company to the purchaser in connection with such Permitted Asset Sale; provided that upon release of any such reserve, the amount released shall be considered Net Asset Sale Proceeds. 

“Net Cash Proceeds” shall mean with respect to any equity issuance, the cash proceeds thereof, net of all taxes and
reasonable investment banker’s fees, underwriting discounts or commissions, reasonable legal fees and other reasonable costs and other expenses incurred in connection therewith. 

“New Product” has the meaning set forth in the definition of “Material Underwriting Policy Change.” 

“Non-Consenting Lender” as defined in Section 2.19. 

“Non-US Lender” as defined in Section 2.16(e)(i). 

“Notice of Amendment” as defined in Section 6.18. 

“Obligations” means all obligations of every nature of Company from time to time owed to the Agents (including former
Agents), the Lenders or any of them, in each case under any Credit Document, whether for principal, interest (including interest which, but for the filing of a petition in bankruptcy with respect to Company, would have accrued on any Obligation,
whether or not a claim is allowed against Company for such interest in the related bankruptcy proceeding), fees, expenses, indemnification or otherwise. 

“On Deck Score” means that numerical value ranging from 250 to 700 that represents Holdings’ evaluation of the
creditworthiness of a business and its likelihood of default on a commercial loan or other similar credit arrangement generated by “version 4” of the proprietary methodology developed and maintained by Holdings, as such methodology is
applied in accordance with the other aspects of the Underwriting Policies, and as such methodology and other aspects of the Underwriting Policies may be revised and updated from time to time in accordance with Section 6.17. 

“Online Document Checklist” shall have the meaning attributed to such term in the Custodial Agreement. 

“Online Product” or “On Deck Online” means any Receivable underwritten by Holdings regarding which Holdings
did not review data from either the operating checking account or merchant processing data of the applicable Receivables Obligor prior to the funding of such Receivable. 

“Organizational Documents” means (i) with respect to any corporation, its certificate or articles of incorporation or
organization, as amended, and its by-laws, as amended, (ii) with respect to any limited partnership, its certificate of limited partnership, as amended, and its partnership agreement, as amended,
(iii) with respect to any general partnership, its partnership agreement, as amended, and (iv) with respect to any limited liability company, its 

  
 28 

 
articles of organization or certificate of formation, as amended, and its operating agreement, as amended, including, in the case of Company, the Limited Liability Company Agreement. In the event
any term or condition of this Agreement or any other Credit Document requires any Organizational Document to be certified by a secretary of state or similar governmental official, the reference to any such “Organizational Document” shall
only be to a document of a type customarily certified by such governmental official. 
 “Original Borrowing Base
Certificate” has the meaning set forth in Section 2.1(d)(ii). 
 “Original Closing Date” means August 16,
2013. 
 “Other Connection Taxes” means, with respect to any Affected Party, Taxes imposed as a result of a present or
former connection between such Affected Party and the jurisdiction imposing such Tax (other than connections arising from such Affected Party having executed, delivered, become a party to, performed its obligations under, received payments under,
received or perfected a security interest under, engaged in any other transaction pursuant to or enforced any Credit Document, or sold or assigned an interest in any Revolving Loan or Credit Document). 

“Outstanding Principal Balance” means, as of any date with respect to any Receivable, the unpaid principal balance of such
Receivable as set forth on the Servicer’s books and records as of the close of business on the immediately preceding Business Day; provided, however, that the Outstanding Principal Balance of any Pledged Receivable that has become a
Charged-Off Loan will be zero. 
 “Participant Register” as defined in Section 9.6(h). 

“Paying Agent” as defined in the preamble hereto. 

“Payment” means, with respect to any Receivable, the required scheduled loan payment in respect of such
Receivable, as set forth in the applicable Receivable Agreement. 
 “Payment Dates” means, with respect to
any Receivable, the date a payment is due in accordance with the Receivable Agreement with respect to such Receivable as in effect as of the date of determination. 

“PBGC” means the Pension Benefit Guaranty Corporation or any successor thereto. 

“Pension Plan” means any Employee Benefit Plan, other than a Multiemployer Plan, which is subject to Section 412 of the
Internal Revenue Code or Section 302 of ERISA. 
 “Permitted Asset Sale” means so long as all Net Asset Sale Proceeds
are contemporaneously remitted to the Collection Account, (a) the sale by Company of Receivables to Holdings pursuant to any repurchase obligations of Holdings under the Asset Purchase Agreement, (b) the sale by the Servicer on behalf of
Company of Charged-Off Receivables to any third party in accordance with the Servicing Standard, provided, that such sales are made 

  
 29 

 
without representation, warranty or recourse of any kind by Company (other than customary representations regarding title and absence of liens on the Charged-Off Receivables, and the status of
Company, due authorization, enforceability, no conflict and no required consents in respect of such sale), (c) the sale by Company of Receivables (x) to Holdings who immediately thereafter sells such Receivables to a special-purpose
Subsidiary of Holdings or (y) directly to a special-purpose Subsidiary of Holdings, in either case in connection with a term securitization transaction involving the issuance of securities rated at least investment grade by one or more
nationally recognized statistical rating organizations and such Receivables and special-purpose Subsidiary so long as, in either case, (i) the amount received by Company therefore and deposited into the Collection Account is no less than the
aggregate Outstanding Principal Balances of such Receivables, (ii) such sale is made without representation, warranty or recourse of any kind by Company (other than customary representations regarding title, absence of liens on the Receivables,
status of Company, due authorization, enforceability, no conflict and no required consents in respect of such sale), (iii) the manner in which such Receivables were selected by Company does not adversely affect the Lenders, (iv) the
agreement pursuant to which such Receivables were sold to Holdings or such special-purpose Subsidiary, as the case may be, contains an obligation on the part of Holdings or such special-purpose Subsidiary to not file or join in filing any
involuntary bankruptcy petition against Company prior to the end of the period that is one year and one day after the payment in full of all Obligations of Company under this Agreement and not to cooperate with or encourage others to file
involuntary bankruptcy petitions against Company during the same period, and (v) unless otherwise waived by the Requisite Lenders in accordance with this Agreement, on the Business Day prior to such sale, (A) the Pro Forma 15 Day
Delinquency Percentage shall not be greater than the 15 Day Delinquency Percentage, before giving effect to such sale, and (B) the Pro Forma Delinquency Percentage shall not be greater than the Delinquency Percentage, before giving effect to
such sale, and (d) the sale by the Company of Receivables with the prior written consent of the Requisite Lenders. 

“Permitted Discretion” means, with respect to any Person, a determination or judgment made by such Person in good faith in
the exercise of reasonable (from the perspective of a secured lender) credit or business judgment. 
 “Permitted
Investments” means the following, subject to qualifications hereinafter set forth: (i) obligations of, or obligations guaranteed as to principal and interest by, the U.S. government or any agency or instrumentality thereof, when such
obligations are backed by the full faith and credit of the United States of America; (ii) federal funds, unsecured certificates of deposit, time deposits, banker’s acceptances, and repurchase agreements having maturities of not more than
365 days of any bank, the short-term debt obligations of which are rated A-1+ (or the equivalent) by each of the rating agencies and, if it has a term in excess of three months, the long-term debt obligations of which are rated AAA (or the
equivalent) by each of the Moody’s and S&P; (iii) deposits that are fully insured by the Federal Deposit Insurance Corp. (FDIC); (iv) investments in money market funds which invest substantially all their assets in securities of
the types described in clauses (i) through (iii) above; and (v) such other investments as to which the Administrative Agent consent in its sole discretion. 

Notwithstanding the foregoing, “Permitted Investments” (i) shall exclude any security with the
S&P’s “r” symbol (or any other rating agency’s corresponding symbol) 

  
 30 

 
attached to the rating (indicating high volatility or dramatic fluctuations in their expected returns because of market risk), as well as any mortgage-backed securities and any security of the
type commonly known as “strips”; (ii) shall not have maturities in excess of one year; (iii) shall be limited to those instruments that have a predetermined fixed dollar of principal due at maturity that cannot vary or change;
and (iv) shall exclude any investment where the right to receive principal and interest derived from the underlying investment provides a yield to maturity in excess of 120% of the yield to maturity at par of such underlying investment.
Interest may either be fixed or variable, and any variable interest must be tied to a single interest rate index plus a single fixed spread (if any), and move proportionately with that index. No investment shall be made which requires a payment
above par for an obligation if the obligation may be prepaid at the option of the issuer thereof prior to its maturity. All investments shall mature or be redeemable upon the option of the holder thereof on or prior to the earlier of (x) three
months from the date of their purchase or (y) the Business Day preceding the day before the date such amounts are required to be applied hereunder. 

“Permitted Liens” means Liens in favor of Collateral Agent for the benefit of Secured Parties granted pursuant to any Credit
Document. 
 “Person” means and includes natural persons, corporations, limited partnerships, general partnerships,
partnerships, limited liability companies, limited liability partnerships, joint stock companies, Joint Ventures, associations, companies, trusts, banks, trust companies, land trusts, business trusts or other organizations, whether or not legal
entities, and Governmental Authorities. 
 “Pledged Receivables” shall have the meaning attributed to such term in the
Servicing Agreement. 
 “Portfolio” means the Receivables purchased by Company from Holdings pursuant to the Asset Purchase
Agreement. 
 “Portfolio Performance Covenant” means the portfolio performance covenants specified in Appendix E.

 “Portfolio Weighted Average Receivable Yield” means as of any date of determination, the quotient, expressed as a
percentage, obtained by dividing (a) the sum, for all Eligible Receivables, of the product of (i) the Receivable Yield for each such Receivable multiplied by (ii) the Outstanding Principal Balance of such Receivable as of such date,
by (b) the Eligible Portfolio Outstanding Principal Balance as of such date. 
 “Prime Rate” means, as of any day, the
rate of interest per annum equal to the prime rate publicly announced by the majority of the eleven largest commercial banks chartered under United States Federal or State banking law as its prime rate (or similar base rate) in effect at its
principal office. The determination of such eleven largest commercial banks shall be based upon deposits as of the prior year-end, as reported in the American Banker or such other source as may be reasonably selected by the Paying Agent. 

“Principal Office” means, for Administrative Agent, Administrative Agent’s “Principal Office” as set forth on
Appendix B, or such other office as Administrative Agent may 

  
 31 

 
from time to time designate in writing to Company and each Lender; provided, however, that for the purpose of making any payment on the Obligations or any other amount due hereunder
or any other Credit Document, the Principal Office of Administrative Agent shall be 60 Wall Street, 3rd Floor, New York, New York 10005 (or such other location within the City and State of New
York as Administrative Agent may from time to time designate in writing to Company and each Lender). 
 “Processor” means,
with respect to any Receivable, a Person engaged in the business of processing credit card payments that has been engaged by the related Receivables Obligor to provide processing services with respect to designated future Credit Card Payments to be
paid to such Receivables Obligor. 
 “Processor Agreement” means an agreement between a Receivables Obligor and a Processor
with respect to the processing of certain Credit Card Payments due to such Receivables Obligor. 
 “Processing Bank” means,
with respect to any Receivable, a bank that has been engaged by the Servicer to collect Credit Card Payments from the related Processor and to remit such funds to the applicable Receivables Obligor’s Transfer Accounts. 

“Pro Forma 15 Day Delinquency Percentage” means, as of one Business Day prior to any Permitted Asset Sale described in clause
(c) of the definition thereof, after giving pro forma effect to such Permitted Asset Sale, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that
are not Charged-Off Receivables) that have a Missed Payment Factor of fifteen (15) or higher as of such Business Day, and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Pledged Receivables (that are not
Charged-Off Receivables) as of such Business Day. 
 “Pro Forma Delinquency Percentage” means, as of one Business Day prior
to any Permitted Asset Sale described in clause (c) of the definition thereof, after giving pro forma effect to such Permitted Asset Sale, the percentage equivalent of a fraction (a) the numerator of which is the aggregate Outstanding
Principal Balance of all Delinquent Receivables (that are not Charged-Off Receivables) that are Pledged Receivables as of such Business Day, and (b) the denominator of which is the aggregate Outstanding Principal Balance of all Pledged
Receivables (that are not Charged-Off Receivables) as of such Business Day. 
 “Pro Rata Share” means with respect to all
payments, computations and other matters relating to (a) any Class A Lender Group and the Class A Revolving Lenders in such Class A Lender Group, the percentage obtained by dividing (i) the Class A Revolving Exposure of
such Class A Lender Group by (ii) the aggregate Class A Revolving Exposure of all Class A Lender Groups or (b) any Class B Lender, the percentage obtained by dividing (i) the Class B Revolving Exposure of that Class B
Lender by (ii) the aggregate Class B Revolving Exposure of all Class B Lenders. 
 “Q2 Vintage Pool” means the pool of
Receivables originated by Holdings or the Receivables Account Bank during the first and second Fiscal Quarters of 2013 and acquired by Company. 

  
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 “Re-Aged” means returning a delinquent, open-end account to current status
without collecting the total amount of principal, interest, and fees that are contractually due. 
 “Receivable
Agreements” means, collectively, with respect to any Receivable, a Business Loan and Security Agreement, a Business Loan and Security Agreement Supplement, the Authorization Agreement for Direct Deposit (ACH Credit) and Direct Payments (ACH
Debit), in each case, in substantially the forms attached to the Undertakings Agreement and as may be amended, supplemented or modified from time to time in accordance with the terms of this Agreement and, if applicable, the Transfer Account Loan
Documentation related to such Receivable, and the other documents related thereto to which the Receivables Obligor is a party. 

“Receivable File” means, with respect to any Receivable, (i) copies of each applicable document listed in the definition
of “Receivable Agreements,” (ii) the UCC financing statement, if any, filed against the Receivables Obligor in connection with the origination of such Receivable and (iii) copies of each of the documents required by, and listed
in, the Document Checklist attached to the Custodial Agreement, each of which may be in electronic form.  
 “Receivable
Yield” means, with respect to any Receivable, the imputed interest rate that is calculated on the basis of the expected aggregate annualized rate of return (calculated inclusive of all interest and fees (other than any Upfront Fees)) of
such Receivable over the life of such Receivable (assuming in all cases a 252-day year, in the case of a Receivable originated on July 1, 2013 or thereafter, or a 257-day year, in the case of a Receivable originated prior to July 1, 2013
(or such other number of Payment Dates set forth in the Underwriting Policies for a 12-month term Receivable). An example of the foregoing calculation is set forth on Appendix F hereto.  

“Receivables” means any loan or similar contract with a Receivables Obligor pursuant to which Holdings or the Receivables
Account Bank extends credit to such Receivables Obligor pursuant to the applicable Receivable Agreements, including all rights under any and all security documents or supporting obligations related thereto, including the applicable Receivable
Agreements.  
 “Receivables Account Bank” means, with respect to any Receivables, (i) BofI Federal
Bank, a federal savings institution, and (ii) any other institution that (a) is organized under the laws of the United States of America or any State thereof and subject to supervision and examination by federal or state banking
authorities and that originates and owns Receivables for Holdings pursuant to a Receivables Program Agreement, and (b) has been approved by the Requisite Lenders in their Permitted Discretion as an originator for purposes of this Agreement.

 “Receivables Guarantor” means with respect to any Receivables Obligor, (a) each holder of the Capital Stock (or
equivalent ownership or beneficial interest) of such Receivables Obligor in the case of a Receivables Obligor which is a corporation, partnership, limited liability company, trust or equivalent entity, who has agreed to unconditionally guarantee all
of the obligations of the related Receivables Obligor under the related Receivable Agreements or (b) the natural person operating as the Receivables Obligor, if the Receivables Obligor is a sole proprietor. 

  
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 “Receivables Obligor” means with respect to any Receivable, the Person or
Persons obligated to make payments with respect to such Receivable, excluding any Receivables Guarantor referred to in clause (a) of the definition of “Receivables Guarantor.” 

“Receivables Program Agreement” means the (i) Master Business Loan Marketing Agreement, dated as of July 19, 2012,
between Holdings and BofI Federal Bank, a federal savings institution (as amended, modified or supplemented from time to time with the consent of the Requisite Lenders to the extent required pursuant to Section 6.16) and (ii) any
other agreement between Holdings and a Receivables Account Bank pursuant to which Holdings may refer applicants for small business loans conforming to the Underwriting Policies to such Receivables Account Bank and such Receivables Account Bank has
the discretion to fund or not fund a loan to such applicant based on its own evaluation of such applicant and containing those provisions as are reasonably necessary to ensure that the transfer of small business loans by such Receivables Account
Bank to Holdings thereunder are treated as absolute sales (as amended, modified or supplemented from time to time with the consent of the Requisite Lenders to the extent required pursuant to Section 6.16).  

“Register” as defined in Section 2.4(b). 

“Regulation D” means Regulation D of the Board of Governors of the Federal Reserve System, as in effect from time
to time. 
 “Related Agreements” means, collectively the Organizational Documents of Company, each Receivables
Program Agreement and the Transfer Account Loan Documentation. 
 “Related Fund” means, with respect to any Lender
that is an investment fund, any other investment fund that invests in commercial loans and that is managed or advised by the same investment advisor as such Lender or by an Affiliate of such investment advisor. 

“Related Security” shall have the meaning attributed to such term in the Asset Purchase Agreement.  

“Replacement Borrowing Base Certificate” has the meaning set forth in Section 2.1(d)(ii). 

“Replacement Lender” as defined in Section 2.19. 

“Requirements of Law” means as to any Person, any law (statutory or common), treaty, rule, ordinance, order, judgment,
Governmental Authorization, or regulation or determination of an arbitrator or of a Governmental Authority, in each case applicable to or binding upon the Person or any of its property or to which the Person or any of its property is subject. 

  
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 “Requisite Class A Lenders” means one or more Class A Managing Agents
for Class A Lender Groups whose aggregate Class A Revolving Exposures equal or exceed 50% of the sum of the Class A Revolving Exposures of all Class A Lender Groups; provided, however, that, for all purposes other than
(i) the definition of Backup Servicer or any amendment or modification thereto or to the definition of Backup Servicing Agreement, (ii) any amendments or modifications to the definition of Hot Backup Servicer Event or Hot Backup Servicer
Event Cure or any waiver of the occurrence of any Hot Backup Servicer Event, (iii) any amendments or modifications to the definition of Servicing Transition Expenses or Servicing Transition Period, (iv) any amendment or modification to, or
waiver of, Section 2.11(e) or Section 6.13 and (v) for all purposes of the Servicing Agreement, any Backup Servicing Agreement or any Successor Servicing Agreement, Requisite Class A Lenders shall include at least
two Class A Lender Groups whose aggregate Class A Revolving Exposure equals or exceeds $15,000,000. 
 “Requisite
Class B Lenders” means one or more Class B Revolving Lenders having or holding Class B Revolving Exposure and representing more than 50% of the sum of the aggregate Class B Revolving Exposure of all Class B Revolving Lenders. 

“Requisite Lenders” means (a) until the Revolving Commitment Termination Date shall have occurred and all Class A
Revolving Loans and all other Obligations owing to the Class A Lender Groups have been paid in full in cash, the Requisite Class A Lenders and (b) thereafter, the Requisite Class B Lenders. 

“Reserve Account” shall have the meaning attributed to such term in the Security Agreement. 

“Reserve Account Funding Amount” means, on any day during a Reserve Account Funding Period, the excess, if any, of
(a) the product of (i) 0.625%, and (ii) the Class A Revolving Commitments, over (b) the amount then on deposit in the Reserve Account.  

“Reserve Account Funding Event” means, as of any date of determination with respect to the Monthly Period most recently
ended, that any one of the following events shall have occurred with respect to such Monthly Period: (a) the Average Excess Spread was less than 26.0%; (b) the Maximum Delinquency Rate was greater than 13.0%; or (c) the Maximum 15 Day
Delinquency Rate was greater than 6.75%. Notwithstanding the foregoing, the Reserve Account Funding Event shall be deemed to no longer exist from and after any date upon which the Reserve Account Funding Event Cure has occurred (provided that only
one Reserve Account Funding Event Cure shall be permitted hereunder). 
 “Reserve Account Funding Event Cure” means,
as of any date of determination with respect to the three Monthly Periods most recently ended, that each of the following conditions has been satisfied with respect to each such Monthly Period after the occurrence of a Reserve Account Funding Event:
(a) the Average Excess Spread was greater than 26.0%; (b) the Maximum Delinquency Rate was less than 13.0%; (c) the Maximum 15 Day Delinquency Rate was less than 6.75% and (d) no Reserve Account Funding Event Cure shall have
previously occurred.  

  
 35 

 “Reserve Account Funding Period” means the period commencing on the first day
after the Original Closing Date on which a Reserve Account Funding Event shall occur and ending on the first day thereafter on which the Reserve Account Funding Event Cure shall occur, and the period commencing on the first day thereafter on which
another Reserve Account Funding Event shall occur and ending on the Termination Date. 
 “Restricted Junior Payment” means
(i) any dividend or other distribution, direct or indirect, on account of any shares of any class of Capital Stock of Company now or hereafter outstanding, except a dividend payable solely in shares of Capital Stock to the holders of that
class; (ii) any redemption, retirement, sinking fund or similar payment, purchase or other acquisition for value, direct or indirect, of any shares of any class of Capital Stock of Company now or hereafter outstanding; and (iii) any
payment made to retire, or to obtain the surrender of, any outstanding warrants, options or other rights to acquire shares of any class of Capital Stock of Company now or hereafter outstanding. 

“Retained Interest” has the meaning assigned to such term in Section 5.10. 

“Revolving Availability” means Class A Revolving Availability or Class B Revolving Availability, as applicable.

 “Revolving Commitment” means a Class A Revolving Commitment or Class B Revolving Commitment, as applicable.

 “Revolving Commitment Period” means the period from the Original Closing Date to but excluding the Revolving
Commitment Termination Date. 
 “Revolving Commitment Termination Date” means the earliest to occur of (i) the
date that is the second anniversary of the Amendment Effective Date; (ii) the date the Revolving Commitments are permanently reduced to zero pursuant to Section 2.9(b); and (iii) the date of the termination of the Revolving
Commitments pursuant to Section 7.1. 
 “Revolving Exposure” means, (a) with respect to any Class A
Lender Group as of any date of determination, such Class A Lender Group’s Class A Revolving Exposure and (b) with respect to any Class B Revolving Lender as of any date of determination, such Class B Revolving Lender’s Class
B Revolving Exposure.  
 “Revolving Loan” means a Class A Revolving Loan or a Class B Revolving Loan, as
applicable. 
 “Revolving Loan Note” means Class A Revolving Loan Note or a Class B Revolving Loan Note as
applicable. 
 “Risk Retention Requirements” means the CRR, as supplemented by Commission Delegated Regulation (EU)
No 625/2014 of 13 March 2014 and Commission Delegated Regulation (EU) No 602/2014 of 4 June 2014. 
 “Rolling 3-Month
Average Maximum 15 Day Delinquency Rate” means, for any Monthly Period, the arithmetic average Maximum 15 Day Delinquency Rate for such Monthly Period and the two (2) Monthly Periods immediately preceding such Monthly Period.

  
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 “Rolling 3-Month Average Maximum Delinquency Rate” means, for any Monthly
Period, the arithmetic average Maximum Delinquency Rate for such Monthly Period and the two (2) Monthly Periods immediately preceding such Monthly Period. 

“S&P” means Standard & Poor’s Ratings Services, a Standard & Poor’s Financial Services LLC
business, and its permitted successors and assigns. 
 “SBAF” means Small Business Asset Fund 2009 LLC, a Delaware
limited liability company. 
 “SBAF Receivables” means certain Receivables (i) previously owned by SBAF, and
(ii) sold by SBAF to Holdings prior to the Amendment Effective Date in accordance with the Existing Credit Agreement. 

“SEC” means the Securities and Exchange Commission. 

“Secured Parties” shall have the meaning attributed to such term in the Security Agreement. 

“Securities” means any stock, shares, partnership interests, voting trust certificates, certificates of interest or
participation in any profit-sharing agreement or arrangement, options, warrants, bonds, debentures, notes, or other evidences of indebtedness, secured or unsecured, convertible, subordinated or otherwise, or
in general any instruments commonly known as “securities” or any certificates of interest, shares or participations in temporary or interim certificates for the purchase or acquisition of, or any right to subscribe to, purchase or acquire,
any of the foregoing.  
 “Securities Account” means a “securities account” (as defined in the UCC).

 “Securities Account Control Agreement” shall have the meaning attributed to such term in the Security Agreement. 

 “Securities Act” means the Securities Act of 1933, as amended from time to time, and any successor statute.

 “Security Agreement” means that certain Security Agreement dated as of the Original Closing Date between Company and
the Administrative Agent, as it may be amended, restated or otherwise modified from time to time. 
 “Selection Procedures”
means the procedures for selecting Receivables set forth on Appendix G hereto. 
 “Seller” has the meaning set forth
in the Asset Purchase Agreement. 
 “Senior Default Interest” means, for any Interest Payment Date, an amount
equal to 75% of the aggregate amount of additional interest that accrued on the Class A Revolving Loans during the Interest Period ending on but excluding such Interest Payment Date pursuant to Section 2.6. 

  
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 “Servicer” means Holdings, in its capacity as the “Servicer” under the
Servicing Agreement, and, after any removal or resignation of Holdings as the “Servicer” in accordance with the Servicing Agreement, any Successor Servicer. 

“Servicer Default” shall have the meaning attributed to such term in the Servicing Agreement. 

“Servicing Agreement” means that certain Amended and Restated Servicing Agreement dated as of the Amendment Effective Date
between Company, Holdings and the Administrative Agent, as it may be amended, restated or otherwise modified from time to time, and, after the appointment of any Successor Servicer, the Successor Servicing Agreement to which such Successor Servicer
is a party, as it may be amended, restated or otherwise modified from time to time. 
 “Servicing Fees” shall have
the meaning attributed to such term in the Servicing Agreement; provided, however that, after the appointment of any Successor Servicer, the Servicing Fees shall mean the Successor Servicer Fees payable to such Successor Servicer. 

“Servicing Reports” means the Servicing Reports delivered pursuant to the Servicing Agreement, including the Monthly
Servicing Report. 
 “Servicing Standard” shall have the meaning attributed to such term in the Servicing
Agreement. 
 “Servicing Transition Expenses” means all reasonable, out-of-pocket costs and expenses incurred in
connection with the assumption of servicing of the Pledged Receivables by a Successor Servicer after the delivery of a Termination Notice to the Servicer. 

“Servicing Transition Period” means the period commencing on the giving of a Termination Notice and ending such number of
days thereafter as shall be determined by the Administrative Agent in its Permitted Discretion. 
 “Solvent” means,
with respect to Company or Holdings, that as of the date of determination, both (i) (a) the sum of such entity’s debt (including contingent liabilities) does not exceed the present fair saleable value of such entity’s present
assets; (b) such entity’s capital is not unreasonably small in relation to its business as contemplated on the Closing Date; and (c) such entity has not incurred and does not intend to incur, or believe (nor should it reasonably
believe) that it will incur, debts beyond its ability to pay such debts as they become due (whether at maturity or otherwise); and (ii) such entity is “solvent” within the meaning given that term and similar terms under laws
applicable to it relating to fraudulent transfers and conveyances. For purposes of this definition, the amount of any contingent liability at any time shall be computed as the amount that, in light of all of the facts and circumstances existing at
such time, represents the amount that can reasonably be expected to become an actual or matured liability (irrespective of whether such contingent liabilities meet the criteria for accrual under Statement of Financial Accounting Standard
No. 5). 
 “Specified Event of Default” means any Event of Default occurring under Sections 7.1(a),
(f), (g), (h), (j), (l), (m), (o) or (p); provided, however, that an Event of Default  

  
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occurring under Section 7.1(m) shall not constitute a Specified Event of Default if the Servicer Default triggering such Event of Default resulted only (x) from the occurrence of
an Event of Default or (y) the breach of a Financial Covenant unless such breach was the result of Tangible Net Worth being less than $15,000,000 as of the last day of any Fiscal Quarter. 

“SPV Indebtedness” means any secured Indebtedness incurred by a special-purpose Subsidiary of Holdings from time to time
solely to finance a portfolio of Receivables. 
 “Subordinated Indebtedness” means any Indebtedness of Holdings that is
fully subordinated to all senior indebtedness for borrowed money of Holdings, as to right and time of payment and as to any other rights and remedies thereunder, including, an agreement on the part of the holders of such Indebtedness that the
maturity of such Indebtedness cannot be accelerated prior to the maturity date of such senior indebtedness for borrowed money. 

“Subsidiary” means, with respect to any Person, any corporation, partnership, limited liability company, association, or
other business entity of which more than 50% of the total voting power of shares of stock or other ownership interests entitled (without regard to the occurrence of any contingency) to vote in the election of the Person or Persons (whether
directors, managers, trustees or other Persons performing similar functions) having the power to direct or cause the direction of the management and policies thereof is at the time owned or controlled, directly or indirectly, by that Person or one
or more of the other Subsidiaries of that Person or a combination thereof; provided, in determining the percentage of ownership interests of any Person controlled by another Person, no ownership interest in the nature of a “qualifying
share” of the former Person shall be deemed to be outstanding.  
 “Successor Servicer” shall have the meaning
attributed to such term in the Servicing Agreement. 
 “Successor Servicing Agreement” shall have the meaning
attributed to such term in the Servicing Agreement. 
 “Successor Servicer Fees” means the servicing fees payable to
a Successor Servicer pursuant to a Successor Servicing Agreement. 
 “Syndication Agent” as defined in the preamble
hereto. 
 “Tangible Net Worth” means, as of any day, the total of (a) Holdings’ total stockholders’
equity, minus (b) all Intangible Assets of Holdings, minus (c) all amounts due to Holdings from its Affiliates, plus (d) any Convertible Indebtedness, plus (e) any Warranty Liability.  

“Tax” means any present or future tax, levy, impost, duty, assessment, charge, fee, deduction or withholding of any nature
and whatever called, by whomsoever, on whomsoever and wherever imposed, levied, collected, withheld or assessed, including any interest, additions to tax or penalties applicable thereto. 

“Terminated Lender” as defined in Section 2.19. 

  
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 “Termination Date” means the date on, and as of, which (a) all Loans
have been repaid in full in cash, (b) all other Obligations (other than contingent indemnification obligations for which demand has not been made) under this Agreement and the other Credit Documents have been paid in full in cash or otherwise
completely discharged, and (c) the Revolving Commitment Termination Date shall have occurred. 
 “Termination
Notice” shall have the meaning attributed to such term in the Servicing Agreement. 
 “Total Utilization of
Class A Revolving Commitments” means, as at any date of determination, the aggregate principal amount of all outstanding Class A Revolving Loans. 

“Total Utilization of Class B Revolving Commitments” means, as at any date of determination, the aggregate principal amount
of all outstanding Class B Revolving Loans. 
 “Transaction Costs” means the fees, costs and expenses payable by
Holdings or Company on or within ninety (90) days after the Amendment Effective Date in connection with the transactions contemplated by the Credit Document Amendments. 

“Transfer Account” means an account in the name of a Receivables Obligor maintained at Rocky Mountain Bank & Trust
or Kenney Bank & Trust (or any successor financial institution or financial institutions approved by the Administrative Agent in its Permitted Discretion, serving substantially the same purpose) where all Credit Card Payments attributable
to such Receivables Obligor are paid. 
 “Transfer Account Loan Documentation” means, with respect to any Transfer Account
Receivable, collectively, the documentation related to such Receivable and the other documents related thereto. 
 “Transfer
Account Receivable” means any Receivable with respect to which (i) the related Receivables Obligor has instructed the related Processor, pursuant to the related Processor Agreement, to remit certain Credit Card Payments to the
designated Transfer Account for such Receivables Obligor, (ii) the related Processor has agreed, pursuant to the related Processor Agreement, to remit such Credit Card Payments to the designated Transfer Account for such Receivables Obligor,
and (iii) the related Receivables Obligor has authorized Servicer, pursuant to the related Receivable Agreement, to debit from such Receivables Obligor’s Transfer Account on each Business Day the amounts owing under the related Receivable
Agreement.  
 “Transfer Date” has the meaning assigned to such term in the Asset Purchase Agreement. 

“UCC” means the Uniform Commercial Code (or any similar or equivalent legislation) as in effect in any applicable
jurisdiction. 
 “UCC Agent” means Corporation Service Company, a Delaware corporation, in its capacity as agent for
Holdings or other entity or entities providing secured party representation services for Holdings from time to time. 

  
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 “Undertakings Agreement” means that certain agreement, dated as of the
date hereof, by and among Holdings, the Company, the lenders party thereto, the Paying Agent and the Administrative Agent. 

“Underwriting Policies” means the credit policies and procedures of Holdings, including the underwriting guidelines and
OnDeck Score methodology, and the collection policies and procedures of Holdings, in each case in effect as of the Amendment Effective Date and in the form attached to the Undertakings Agreement, as such policies, procedures, guidelines and
methodologies may be amended from time to time in accordance with Section 6.17. 
 “Upfront Fees” means, with
respect to any Receivable, the sum of any fees charged by Holdings or the Receivables Account Bank, as the case may be, to a Receivables Obligor in connection with the disbursement of a loan, as set forth in the Business Loan and Security Agreement
Supplement related to such Receivable, which are deducted from the initial amount disbursed to such Receivables Obligor, including the “Origination Fee” set forth on the applicable Receivable Agreement. 

“Vintage Pool” means, as of any date of determination, the pool of Receivables originated by Holdings or the Receivables
Account Bank and acquired by Company during any completed Fiscal Quarter. The Q2 Vintage Pool shall also be deemed a Vintage Pool for all purposes hereunder. Except with respect to the Q2 Vintage Pool, the first Fiscal Quarter to be measured will be
the quarter ending September 30, 2013. 
 “Warranty Liability” means, as of any day, the aggregate stated
balance sheet fair value of all outstanding warrants exercisable for redeemable convertible preferred shares of Holdings determined in accordance with GAAP. 

1.2 Accounting Terms. Except as otherwise expressly provided herein, all accounting terms not otherwise defined herein shall have the
meanings assigned to them in conformity with GAAP. Financial statements and other information required to be delivered by Company to Lenders pursuant to Section 5.1(a) and Section 5.1(b) shall be prepared in accordance with
GAAP as in effect at the time of such preparation (and delivered together with the reconciliation statements provided for in Section 5.1(d), if applicable). If at any time any change in GAAP would affect the computation of any financial
ratio or requirement set forth in any Credit Document, and either Company, the Requisite Lenders or the Administrative Agent shall so request, the Administrative Agent, the Administrative Agent, the Lenders and Company shall negotiate in good faith
to amend such ratio or requirement to preserve the original intent thereof in light of such change in GAAP; provided that, until so amended, (a) such ratio or requirement shall continue to be computed in accordance with GAAP and
accounting principles and policies in conformity with those used to prepare the Historical Financial Statements and (b) Company shall provide to the Administrative Agent, each Class A Managing Agent and each Lender financial statements and
other documents required under this Agreement or as reasonably requested hereunder setting forth a reconciliation between calculations of such ratio or requirement made before and after giving effect to such change in GAAP. If Administrative Agent,
Company and the Administrative Agent cannot agree upon the required amendments within thirty (30) days following the date of implementation of any applicable change in GAAP, then all financial statements delivered and all calculations of
financial covenants and other standards and terms in accordance with this Agreement and the other Credit Documents shall be prepared, delivered and made without regard to the underlying change in GAAP.

  
 41 

 1.3 Interpretation, etc. Any of the terms defined herein may, unless the context otherwise
requires, be used in the singular or the plural, depending on the reference. References herein to any Section, Appendix, Schedule or Exhibit shall be to a Section, an Appendix, a Schedule or an Exhibit, as the case may be, hereof unless otherwise
specifically provided. The use herein of the word “include” or “including,” when following any general statement, term or matter, shall not be construed to limit such statement, term or matter to the specific items or matters set
forth immediately following such word or to similar items or matters, whether or not no limiting language (such as “without limitation” or “but not limited to” or words of similar import) is used with reference thereto, but
rather shall be deemed to refer to all other items or matters that fall within the broadest possible scope of such general statement, term or matter. 

1.4 Amendment and Restatement. In order to facilitate the Amendment and Restatement: 

(a) Each of the parties hereto hereby agree that upon the effectiveness of this Agreement, the terms and provisions of the
Existing Credit Agreement shall be and hereby are amended and restated to the extent provided by this Agreement. 
 (b) All
of the “Obligations” (as defined in the Existing Credit Agreement, the “Existing Obligations”) outstanding under the Existing Credit Agreement and other “Credit Documents” (as defined in the Existing Credit
Agreement, the “Existing Credit Documents”) shall continue as Obligations hereunder to the extent not repaid on the Amendment Effective Date, and this Agreement is given as a substitution of and modification of, to the extent
provided herein, and not as a payment of or novation of, the indebtedness, liabilities and Existing Obligations of the Company under the Existing Credit Agreement, and neither the execution and delivery of this Agreement nor the consummation of any
other transaction contemplated hereunder is intended to constitute a novation or rescission of the Existing Credit Agreement or any obligations hereunder. 
  

	SECTION 2.	LOANS 

 2.1 Revolving Loans. 

(a) Revolving Commitments. 

(i) During the Revolving Commitment Period, subject to the terms and conditions hereof, including, without limitation delivery
of an updated Borrowing Base Certificate and Borrowing Base Report pursuant to Section 3.3(a)(i), (i) each Class A Revolving Conduit Lender may in its sole discretion, and each Class A Revolving Committed Lender shall, if
the Class A Revolving Conduit Lender in its related Class A Lender Group elects not to (or if there is no Class A Revolving Conduit Lender in its related Class A Lender Group), make Class A Revolving Loans to Company in an
amount, for each Class A Lender Group, equal to its Class A Lender Group Percentage of the amount requested by Company pursuant to this Section 2.1, provided that no Class A Revolving Lender shall make any such
Class A Revolving Loan or portion thereof to the extent that, after giving effect to such Class A Revolving Loan: 

a) the Total Utilization of Class A Revolving Commitments exceeds the Class A Borrowing Base; 

  
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 b) the aggregate outstanding principal amount of the Class A Revolving
Loans funded by such Class A Revolving Lender hereunder shall exceed its Class A Conduit Lending Limit (in the case of a Class A Revolving Conduit Lender) or Class A Revolving Commitment (in the case of a Class A Revolving
Committed Lender); or 
 c) the sum of (1) the aggregate Face Amount of Commercial Paper issued by the Class A
Revolving Conduit Lender(s) in such Class A Lender Group to fund or maintain the Class A Revolving Loans hereunder and (2) the aggregate outstanding principal amount of the Class A Revolving Loans funded hereunder by the Lenders
in such Class A Lender Group other than through the issuance of Commercial Paper, shall exceed the Class A Lender Group Limit for such Lender Group. 

(ii) During the Revolving Commitment Period, subject to the terms and conditions hereof, including, without limitation delivery
of an updated Borrowing Base Certificate and Borrowing Base Report pursuant to Section 3.3(a)(i), each Class B Revolving Lender severally agrees to make Class B Revolving Loans to Company in an aggregate amount up to but not exceeding
such Lender’s Class B Revolving Commitment; provided that no Class B Revolving Lender shall make any such Class B Revolving Loan or portion thereof to the extent that, after giving effect to such Class B Revolving Loan: 

a) the Total Utilization of Class B Revolving Commitments exceeds the Class B Borrowing Base; or 

b) the aggregate outstanding principal amount of the Class B Revolving Loans funded by such Class B Revolving Lender hereunder
shall exceed its Class B Revolving Commitment. 
 (b) Amounts borrowed pursuant to Section 2.1(a) may be repaid and reborrowed
during the Revolving Commitment Period, and any repayment of the Loans (other than (i) pursuant to Section 2.10 (which circumstance shall be governed by Section 2.10), (ii) on any Interest Payment Date upon which no
Event of Default has occurred and is continuing (which circumstances shall be governed by Section 2.12(a)) or (iii) on a date upon which an Event of Default has occurred and is continuing (which circumstance shall be governed by
Section 2.12(b))) shall be applied as directed by Company, provided, that each repayment of the Class B Revolving Loans shall be in a minimum amount of $500,000. Each Lender’s Revolving Commitment shall expire on the
Revolving Commitment Termination Date and all Revolving Loans and all other amounts owed hereunder with respect to the Revolving Loans and the Revolving Commitments shall be paid in full no later than such date. 

  
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 (c) If there is more than one Class A Revolving Committed Lender in a Class A Lender
Group, each such Class A Revolving Committed Lender shall lend its Committed Lender Pro Rata Share of such Class A Lender Group’s Class A Lender Group Percentage of each requested Class A Revolving Loan, to the extent such
Class A Revolving Loan is not made by the related Class A Revolving Conduit Lender(s). Each borrowing of Class A Revolving Loans hereunder shall consist of Class A Revolving Loans made on the same day by each of the Class A
Lender Groups ratably according to their respective Class A Lender Group Percentages. 
 (d) Borrowing Mechanics for Revolving
Loans. 
 (i) Class A Revolving Loans shall be made in an aggregate minimum amount of $250,000, and Class B
Revolving Loans shall be made in an aggregate minimum amount of $50,000. 
 (ii) Subject to Section 2.1(h), whenever
Company desires that Lenders make Revolving Loans, Company shall deliver to Administrative Agent, each Class A Managing Agent, each Class B Revolving Lender, the Custodian and the Paying Agent a fully executed and delivered Funding Notice no
later than 11:00 a.m. (New York City time) at least two (2) Business Days in advance of the proposed Credit Date provided, that (x) the Company shall review such Funding Notice on the Business Day immediately preceding the proposed
Credit Date and (y) if following such review it has determined that a Receivable would not qualify as an Eligible Receivable by virtue of clause (h) of the Eligibility Criteria not being satisfied then (1) such Receivable shall be
deemed to be excluded from the Borrowing Base Certificate included in such Funding Notice (each, an “Original Borrowing Base Certificate”) (and any certification related thereto contained therein or in the Credit Documents) and
(2) the Company shall deliver to Administrative Agent, each Class A Managing Agent, each Class B Revolving Lender, the Custodian and the Paying Agent a revised Funding Notice no later than 1:00 p.m. (New York City time) at least one
(1) Business Day in advance of the proposed Credit Date and such revised Funding Notice (and the corresponding Borrowing Base Certificate (each, a “Replacement Borrowing Base Certificate”)) shall be modified solely to make
adjustments necessary to exclude any such Receivable that would not qualify as an Eligible Receivable by virtue of clause (h) of the Eligibility Criteria including any reductions due to any resulting Excess Concentration Amounts, if any. Each
Funding Notice shall be delivered with a Borrowing Base Certificate reflecting sufficient Class A Revolving Availability and Class B Revolving Availability, as applicable, for the requested Revolving Loans and a Borrowing Base Report. 

(iii) Each Lender not in a Class A Lender Group shall make the amount of its Revolving Loan available to the Paying Agent,
and each Lender in a Class A Lender Group shall make the amount of its Class A Revolving Loan available to its applicable Class A Managing Agent who shall make such Revolving Loan available to the Paying Agent, in each case, not later
than 1:00 p.m. (New York City time) on the applicable Credit Date by wire transfer of same day funds in Dollars, and the Paying Agent shall remit such funds to the Company not later than 3:00 p.m. (New York City time) by wire transfer of same day
funds in Dollars to the account of Company designated in the related Funding Notice. 

  
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 (iv) Company may borrow Class A Revolving Loans pursuant to this
Section 2.1, purchase Eligible Receivables pursuant to Section 2.11(c)(vii)(C) and/or repay Revolving Loans pursuant to Section 2.11(c)(vii)(B) no more than three times a week in the aggregate. Company may borrow
Class B Revolving Loans pursuant to this Section 2.1 no more than once a week (which day shall also be a day on which Company is borrowing Class A Revolving Loans pursuant to this Section 2.1, purchasing Eligible
Receivables pursuant to Section 2.11(c)(vii)(C), and/or repaying Revolving Loans pursuant to Section 2.11(c)(vii)(B) or, if it is not such a day, it shall count as such a day solely for purposes of the weekly limit set forth
in the immediately preceding sentence). 
 (e) Deemed Requests for Revolving Loans to Pay Required Payments. All payments of
principal, interest, fees and other amounts payable to Lenders of any Class under this Agreement or any Credit Document may be paid from the proceeds of Revolving Loans of such Class, made pursuant to a Funding Notice from Company pursuant to
Section 2.1(d). 
 (f) Class A Revolving Conduit Lender Acceptance or Rejection. If a Class A Revolving Conduit
Lender shall receive a Funding Notice, such Class A Revolving Conduit Lender shall instruct the related Class A Managing Agent to accept or reject such request by no later than the close of business on the Business Day of the receipt of
the applicable Funding Notice. If a Class A Revolving Conduit Lender rejects a Funding Notice, the related Class A Managing Agent shall promptly notify Company and the related Class A Revolving Committed Lender(s) of such rejection.
If a Class A Revolving Conduit Lender declines to fund any portion of the Class A Revolving Loans requested of the Class A Lender Group of which it is a member in a Funding Notice, the Borrower may cancel and rescind such Funding
Notice in its entirety upon notice thereof received by the Administrative Agent and each Class A Managing Agent prior to the close of business on the Business Day immediately prior to the proposed Credit Date. At no time will a Class A
Revolving Conduit Lender be obligated to make Class A Revolving Loans hereunder regardless of any notice given or not given pursuant to this Section. 

(g) Committed Lender’s Commitment. 

(i) If a Class A Revolving Conduit Lender rejects a Funding Notice and Company has not cancelled such Funding Notice in
accordance with Section 2.1(f) above, or if there is no Class A Revolving Conduit Lender in a Class A Revolving Lender Group, any Class A Revolving Loan requested by Company in such Funding Notice shall be made by the
related Class A Revolving Committed Lenders in such Class A Lender Group on a pro rata basis in accordance with their respective Committed Lender Pro Rata Share of such Class A Revolving Loan. 

(ii) The obligations of any Class A Revolving Committed Lender to make Class A Revolving Loans hereunder are several
from the obligations of any other Class A Revolving Committed Lenders (whether or not in the same Class A Lender Group). The failure of any Class A Revolving Committed Lender to make Class A Revolving Loans hereunder shall not
release the obligations of any other Class A Revolving Committed Lender (whether or not in the same Class A Lender Group) to make Loans hereunder, but no Class A Revolving Committed Lender shall be responsible for the failure of any
other Class A Revolving Committed Lender to make any Class A Revolving Loan hereunder. 

  
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 (iii) Notwithstanding anything herein to the contrary, a Class A Revolving
Committed Lender shall not be obligated to fund any Class A Revolving Loan at any time if, after giving effect to such Class A Revolving Loan, the aggregate outstanding Class A Revolving Loans funded by such Class A Revolving
Committed Lender hereunder would exceed an amount equal to (i) such Class A Revolving Committed Lender’s Commitment, minus (ii) such Class A Revolving Committed Lender’s ratable share of the aggregate outstanding
principal balance of the Class A Revolving Loans held by the Class A Revolving Conduit Lender(s) in such Class A Revolving Committed Lender’s Class A Lender Group. 

(h) Certain Borrowing Limitations. Notwithstanding the other provision of this Agreement: 

(i) For purposes of this Agreement, (i) each Funding Notice requesting Class A Revolving Loans and specifying a
Credit Date which is thirty-one (31) or more days following the date of such Funding Notice shall constitute a “Funding Notice (31-Day)”, and each other Funding Notice shall constitute a “Funding Notice
(Overnight)”, and (ii) Class A Revolving Loans made pursuant to a Funding Notice (31-Day) shall, for long as they remain outstanding (as determined pursuant to this Section 2.1(h)), constitute “Class A
Revolving Loans (31-Day)”, and any other Class A Revolving Loans shall, for long as they remain outstanding (as determined pursuant to this Section 2.1(h)), constitute “Class A Revolving Loans
(Overnight).” Company hereby agrees to designate on the first page of each Funding Notice whether such Funding Notice is a Funding Notice (31-Day) or a Funding Notice (Overnight). 

(ii) Company shall not submit a Funding Notice (Overnight) and no Class A Revolving Lender shall be required to make any
Class A Revolving Loans (Overnight) if, solely as a result of making such Class A Revolving Loans (Overnight), the aggregate outstanding principal amount of the Class A Revolving Loans (Overnight) would exceed 20% of the aggregate
Class A Revolving Commitments. In determining the aggregate outstanding principal amount of the Class A Revolving Loans (Overnight) for purposes of this Section 2.1(h), repayments of Class A Revolving Loans shall be deemed
to be allocated first to the reduction of outstanding principal amount of Class A Revolving Loans (Overnight). 
 (iii)
Upon submission of a Funding Notice (31-Day), Company may request in writing that the applicable Class A Revolving Lenders waive the minimum thirty-one (31)-day notice requirement for Class A Revolving Loans (31-Day) and fund the
Class A Revolving Loans requested under such Funding Notice (31-Day) on the Business Day proposed by Company in such written request (which Business Day shall be at least two (2) Business Days after the date of delivery of such Funding
Notice (31-Day) if such Funding Notice (31-Day) was delivered by 11:00 a.m. (New 

  
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York City time), or at least three (3) Business Days after the date of delivery of such Funding Notice (31-Day) if such Funding Notice (31-Day) was delivered after 11:00 a.m. (New York City
time)). Each Class A Revolving Lender receiving such a written request may accept such request and such earlier funding date, in its sole and exclusive discretion, no later than 5:00 p.m. (New York City time) on the Business Day of its receipt
of such written request (or no later than 5:00 p.m. (New York City time) on the next Business Day if it receives such written request after noon (New York City time)), and if not so accepted by each applicable Class A Revolving Lender, such
request and such earlier funding date shall be deemed to have been rejected. If such written request and such earlier funding date are so accepted, then such earlier date shall be deemed to be the Credit Date for such Funding Notice
(31-Day). Notwithstanding any such acceptance by the applicable Class A Revolving Lenders, Class A Revolving Loans made pursuant to such Funding Notice (31-Day) shall nonetheless constitute Class A Revolving Loans (31-Day) for as
long as they remain outstanding (as determined pursuant to this Section 2.1(h)). 
 (iv) The acceptance by a
Class A Revolving Lender of an earlier Credit Date for a Class A Revolving Loan (31-Day) on one or more occasions shall not constitute a waiver, amendment or impairment of, or otherwise affect, the absolute right of such Class A
Revolving Lender to receive at least thirty-one (31) days’ prior written notice before such Class A Revolving Lender is obligated to make any subsequent Revolving Loans (31-Day). 

2.2 Pro Rata Shares. Subject to the rights of any Class A Revolving Conduit Lender to elect to fund or not fund a Class A
Revolving Loan as described in Section 2.1, all Loans of each Class shall be made by Class A Lender Groups or Class B Revolving Lenders, as applicable, simultaneously and proportionately to their respective Pro Rata Shares, it being
understood that no Lender shall be responsible for any default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder nor shall any Revolving Commitment of any Lender be increased or decreased as a result of a
default by any other Lender in such other Lender’s obligation to make a Loan requested hereunder. 
 2.3 Use of Proceeds. The
proceeds of the Revolving Loans made after the Original Closing Date shall be applied by Company to (a) finance the acquisition of Eligible Receivables from Holdings pursuant to the Asset Purchase Agreement, (b) pay Transaction Costs and
ongoing fees and expenses of Company hereunder and (c) in the case of Revolving Loans made pursuant to Section 2.1(e), to make payments of principal, interest, fees and other amounts owing to the Lenders under the Credit Documents.
No portion of the proceeds of any Credit Extension shall be used in any manner that causes or might cause such Credit Extension or the application of such proceeds to violate Regulation T, Regulation U or Regulation X of the Board of
Governors of the Federal Reserve System or any other regulation thereof or to violate the Exchange Act. 
 2.4 Evidence of Debt;
Register; Lenders’ Books and Records; Notes. 
 (a) Lenders’ Evidence of Debt. Each Lender (or, if applicable, its
related Class A Managing Agent) shall maintain on its internal records an account or accounts evidencing the Obligations of Company to such Lender, including the amounts of the Loans made by it and each repayment and prepayment in respect
thereof. Any such recordation shall 

  
 47 

 
be conclusive and binding on Company, absent manifest error; provided, that the failure to make any such recordation, or any error in such recordation, shall not affect any Lender’s
Revolving Commitments or Company’s Obligations in respect of any applicable Loans; and provided further, in the event of any inconsistency between the Register and any Lender’s records, the recordations in the Register shall
govern absent manifest error. 
 (b) Register. Paying Agent shall maintain at its Principal Office a register for the recordation of
the names and addresses of the Class A Lender Groups and the Class B Revolving Lenders and the Revolving Commitments and Loans of each Class A Lender Group and Class B Revolving Lender from time to time (the “Register”).
The Register shall be available for inspection by Company or any Lender at any reasonable time and from time to time upon reasonable prior notice. Paying Agent shall record in the Register the Revolving Commitments and the Loans, and each repayment
or prepayment in respect of the principal amount of the Loans, and any such recordation shall be conclusive and binding on Company. Each Class A Managing Agent and each Lender, absent manifest error; provided, failure to make any such
recordation, or any error in such recordation, shall not affect any Lender’s Revolving Commitments or Company’s Obligations in respect of any Loan. Company hereby designates the entity serving as Paying Agent to serve as Company’s
agent solely for purposes of maintaining the Register as provided in this Section 2.4, and Company hereby agrees that, to the extent such entity serves in such capacity, the entity serving as Paying Agent and its officers, directors,
employees, agents and affiliates shall constitute “Indemnitees.” 
 (c) Revolving Loan Notes. If so requested by any
Class A Managing Agent for a Class A Lender Group or Class B Revolving Lender by written notice to Company (with a copy to Administrative Agent) at any time after the Original Closing Date, Company shall execute and deliver to such
Class A Managing Agent for a Class A Lender Group or Class B Revolving Lender (and/or, if applicable and if so specified in such notice, to any Person who is an assignee of such Class A Lender Group or such Class B Revolving Lender
pursuant to Section 9.6), promptly after Company’s receipt of such notice) a Class A Revolving Loan Note or Class B Revolving Loan Note, as applicable, to evidence such Class A Lender Group’s or Class B Revolving
Lender’s Revolving Loans. 
 2.5 Interest on Loans. 

(a) Except as otherwise set forth herein, (i) the Class A Revolving Loans shall accrue interest daily in an amount equal to the
product of (A) the unpaid principal amount thereof as of such day and (B) the Cost of Funds Rate for such day plus the Class A Applicable Margin, and (ii) the Class B Revolving Loans shall accrue interest daily in an
amount equal to the product of (A) the unpaid principal amount thereof as of such day and (B) the greater of (1) 1.00% and (2) the LIBO Rate for such period (unless a LIBOR Disruption Event has occurred and is continuing, in
which case such rate shall be the Prime Rate less 1.00%) plus the Class B Applicable Margin. 
 (b) Interest payable pursuant
to Section 2.5(a) shall be computed on the basis of a 360-day year, in each case for the actual number of days elapsed in the period during which it accrues. In computing interest on any Loan, the
date of the making of such Loan or the first day of an Interest Period applicable to such Loan shall be included, and the date of payment of 

  
 48 

 
such Loan or the expiration date of an Interest Period applicable to such Loan shall be excluded; provided, if a Loan is repaid on the same day on which it is made, one (1) day’s
interest shall be paid on that Loan. 
 (c) Except as otherwise set forth herein, interest on each Loan shall be payable in arrears
(i) on and to each Interest Payment Date; (ii) upon any prepayment of that Loan, whether voluntary or mandatory, to the extent accrued on the amount being prepaid; and (iii) at maturity. 

(d) If applicable, each Class A Managing Agent shall deliver to Company and Paying Agent, two (2) Business Days prior to each
Interest Rate Determination Date an invoice, setting forth (i) an estimate of the amount of interest payable pursuant to Section 2.5(a) to the Class A Revolving Conduit Lenders in its Class A Lender Group based on the CP
Rate for each such Class A Revolving Conduit Lender for each day during the Interest Period to which such Interest Rate Determination Date relates and (ii) the amount of any variation between the amount of interest payable to each such
Class A Revolving Conduit Lender for the preceding Interest Period based on such notices and estimates and accrued but unpaid interest payable pursuant to Section 2.5(a) payable to such Class A Revolving Conduit Lender for such
Interest Period based on its final determination of the CP Rate for such Class A Revolving Conduit Lender for each day during such Interest Period. The amount of any shortfall in interest payable to any Class A Revolving Conduit Lender
pursuant to Section 2.5(a) based on such variation shall be included in the portion of interest payable pursuant to Section 2.5(a) payable to such Class A Revolving Conduit Lenders on the next succeeding Interest Payment
Date, and the amount of any overpayment of interest to any Class A Revolving Conduit Lender based on such variation shall be credited against the portion of interest payable pursuant to Section 2.5(a) otherwise payable to such
Class A Revolving Conduit Lenders on the next succeeding Interest Payment Date. 
 2.6 Default Interest. Subject to
Section 9.18, upon the occurrence and during the continuance of an Event of Default, the principal amount of all Loans outstanding and, to the extent permitted by applicable law, any interest payments on the Loans or any fees or other
amounts owed hereunder, shall thereafter bear interest (including post-petition interest in any proceeding under the Bankruptcy Code or other applicable bankruptcy laws) payable in accordance with
Section 2.12(b) at a rate that is 3.0% per annum in excess of the interest rate otherwise payable hereunder with respect to the applicable Loans (or, in the case of any such fees and other amounts, at a rate which is 3.0% per
annum in excess of the interest rate otherwise payable hereunder) (the “Default Interest Rate”). Payment or acceptance of the increased rates of interest provided for in this Section 2.6 is not a permitted alternative to
timely payment and shall not constitute a waiver of any Event of Default or otherwise prejudice or limit any rights or remedies of Administrative Agent or any Lender. 

2.7 Fees. 
 (a)
Company agrees to pay to the Person entitled to payment thereunder the amounts set forth in any Fee Letter. Company agrees to pay any Liquidation Fees payable to a Class A Revolving Lender in connection with a repayment of Class A
Revolving Loans pursuant to Section 2.11(c)(vii)(B). 

  
 49 

 (b) All fees referred to in Section 2.7(a) shall be calculated on the basis of a 360-day year and the actual number of days elapsed and shall be payable monthly in arrears on (i) each Interest Payment Date during the Revolving Commitment Period, commencing on the first such date to occur
after the Closing Date, and (ii) on the Revolving Commitment Termination Date. 
 2.8 Revolving Commitment Termination Date.
Company shall repay the Revolving Loans in full on or before the Revolving Commitment Termination Date. 
 2.9 Voluntary Commitment
Reductions. 
 (a) [Reserved]. 

(b) Voluntary Commitment Reductions. 

(i) Subject to payment of any Early Termination Fee or prepayment premium described in Section 2.9(c), Company may,
upon not less than three (3) Business Days’ prior written notice to Administrative Agent, each Class A Managing Agent and each Class B Revolving Lender, at any time and from time to time terminate in whole or permanently reduce in
part the Revolving Commitments in an amount up to the amount by which the Class A Revolving Commitments exceed the Total Utilization of Class A Revolving Commitments or the Class B Revolving Commitments exceed the Total Utilization of
Class B Revolving Commitments, as applicable, in each case at the time of such proposed termination or reduction; provided, any such partial reduction of the Class A Revolving Commitments shall be in an aggregate minimum amount of
$500,000 and integral multiples of $100,000 in excess of that amount and any such partial reduction of the Class B Revolving Commitments shall be in an aggregate minimum amount of $100,000 and integral multiples of $100,000 in excess of that amount;
and provided further that any such reduction of the Class A Revolving Commitments shall effect a ratable reduction of the Class A Revolving Commitments of each Class A Revolving Committed Lender and of each Class A Lender
Group’s Class A Lender Group Limit. 
 (ii) Company’s notice shall designate the date (which shall be a
Business Day) of such termination or reduction and the amount of any partial reduction, and such termination or reduction of the Revolving Commitments shall be effective on the date specified in Company’s notice and shall reduce the Revolving
Commitment of each applicable Class A Revolving Committed Lender and/or Class B Revolving Lender proportionately to its applicable Pro Rata Share thereof. 

(c) Call Protection. If Company voluntarily reduces or terminates any Revolving Commitments as provided in
Section 2.9(b), Company shall pay to Paying Agent, on behalf of the Lenders whose Revolving Commitments were terminated or reduced, on the date of such reduction or termination, the amounts (if any) described in the Undertakings
Agreement. 
 2.10 Borrowing Base Deficiency. Company shall prepay the Revolving Loans within two (2) Business Day of the
earlier of (i) an Authorized Officer, the Chief Financial Officer or 

  
 50 

 
Transaction Manager (or in each case, the equivalent thereof) of Company becoming aware that a Borrowing Base Deficiency exists and (ii) receipt by Company of notice from any Agent or any
Lender that a Borrowing Base Deficiency exists, in each case in an amount equal to such Borrowing Base Deficiency, which shall be applied, first, to prepay the Class A Revolving Loans as necessary to cure any Class A Borrowing Base
Deficiency, and, second, to prepay the Class B Revolving Loans as necessary to cure any Class B Borrowing Base Deficiency. 

2.11 Controlled Accounts. 

(a) Company shall establish and maintain cash management systems reasonably acceptable to the Administrative Agent, including, without
limitation, with respect to blocked account arrangements. Other than a cash management deposit account (the “Funding Account”) maintained at the Paying Agent into which proceeds of Loans may be funded at the direction of Company,
Company shall not establish or maintain a Deposit Account or Securities Account other than a Controlled Account and Company shall not, and shall cause Servicer not to deposit Collections or proceeds thereof in a Securities Account or Deposit Account
which is not a Controlled Account (provided, that, inadvertent and non-reoccurring errors by Servicer in applying such Collections or proceeds that are promptly, and in any event within two (2) Business Days after Servicer or Company has
(or should have had in the exercise of reasonable diligence) knowledge thereof, cured shall not be considered a breach of this covenant). All Collections and proceeds of Collateral shall be subject to an express trust for the benefit of Collateral
Agent on behalf of the Secured Parties and shall be delivered to Lenders for application to the Obligations or any other amount due under any other Credit Document as set forth in this Agreement. 

(b) On or prior to the Original Closing Date, Company caused to be established and shall thereafter cause to be maintained, (i) a trust
account (or sub-accounts) in the name of Company and under the sole dominion and control of, the Collateral Agent designated as the “Collection Account” in each case bearing a designation clearly indicating that the funds and other
property credited thereto are held for Collateral Agent for the benefit of the Lenders and subject to the applicable Securities Account Control Agreement and (ii) a Deposit Account into which the proceeds of all Pledged Receivables, including
by automatic debit from Receivables Obligors’ operating accounts, shall be deposited in the name of Company designated as the “Lockbox Account” as to which the Collateral Agent has sole dominion and control over such account
for the benefit of the Secured Parties within the meaning of Section 9-104(a)(2) of the UCC pursuant to the Lockbox Account Control Agreement. The Lockbox Account Control Agreement will provide that all funds in the Lockbox Account will be
swept daily into the Collection Account. 
 (c) Lockbox System. 

(i) Company has established pursuant to the Lockbox Account Control Agreement and the other Control Agreements for the benefit
of the Collateral Agent, on behalf of the Secured Parties, a system of lockboxes and related accounts or deposit accounts as described in Sections 2.11(a) and (b) (the “Lockbox System”) into which (subject to the
proviso in Section 2.11(a)) all Collections shall be deposited. 

  
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 (ii) Company shall using a method reasonably satisfactory to Administrative Agent
grant Backup Servicer (and its delegates) read-only access to the Lockbox Account. 
 (iii) Company shall not establish any
lockbox or lockbox arrangement without the consent of the Administrative Agent in its sole discretion, and prior to establishing any such lockbox or lockbox arrangement, Company shall cause each bank or financial institution with which it seeks to
establish such a lockbox or lockbox arrangement, to enter into a control agreement with respect thereto in form and substance satisfactory to the Administrative Agent in its sole discretion. 

(iv) Without the prior written consent of the Administrative Agent, Company shall not (A) change the general instructions
given to the Servicer in respect of payments on account of Pledged Receivables to be deposited in the Lockbox System or (B) change any instructions given to any bank or financial institution which in any manner redirects any Collections or
proceeds thereof in the Lockbox System to any account which is not a Controlled Account. 
 (v) Company acknowledges and
agrees that (A) the funds on deposit in the Lockbox System shall continue to be collateral security for the Obligations secured thereby, and (B) upon the occurrence and during the continuance of an Event of Default, at the election of the
Requisite Lenders, the funds on deposit in the Lockbox System may be applied as provided in Section 2.12(b). 

(vi) Company has directed, and will at all times hereafter direct, the Servicer to direct payment from each of the Receivables
Obligors on account of Pledged Receivables directly to the Lockbox System. Company agrees (A) to instruct the Servicer to instruct each Receivables Obligor to make all payments with respect to Pledged Receivables directly to the Lockbox System
and (B) promptly (and, except as set forth in the proviso to this Section 2.11(c)(vi), in no event later than two (2) Business Days following receipt) to deposit all payments received by it on account of Pledged Receivables,
whether in the form of cash, checks, notes, drafts, bills of exchange, money orders or otherwise, in the Lockbox System in precisely the form in which they are received (but with any endorsements of Company necessary for deposit or collection), and
until they are so deposited to hold such payments in trust for and as the property of the Collateral Agent; provided, however, that with respect to any payment received that does not contain sufficient identification of the account
number to which such payment relates or cannot be processed due to an act beyond the control of the Servicer, such deposit shall be made no later than the second Business Day following the date on which such account number is identified or such
payment can be processed, as applicable. 
 (vii) So long as no Event of Default has occurred and shall be continuing,
Company or its designee shall be permitted to direct the investment of the funds from time to time held in the Controlled Accounts (A) in Permitted Investments and to sell or liquidate such Permitted Investments and reinvest proceeds from such
sale or liquidation in other Permitted Investments (but none of the Collateral Agent, the Administrative Agent or the Lenders shall have liability whatsoever in respect of any 

  
 52 

 
failure by the Controlled Account Bank to do so), with all such proceeds and reinvestments to be held in the applicable Controlled Account; provided, however, that the maturity of
the Permitted Investments on deposit in the Controlled Accounts shall be no later than the Business Day immediately preceding the date on which such funds are required to be withdrawn therefrom pursuant to this Agreement, (B) to repay the Loans
in accordance with Section 2.1(b), provided, however, that (w) in order to effect any such repayment from a Controlled Account, Company shall deliver to the Administrative Agent, the Paying Agent, each Class A
Managing Agent and each Class B Revolving Lender a Controlled Account Voluntary Payment Notice in substantially the form of Exhibit G hereto no later than 12:00 p.m. (New York City time) on the Business Day prior to the date of any such
repayment specifying the date of prepayment, the amount to be repaid per Class and the Controlled Account from which such repayment shall be made, (x) no more than three (3) borrowings of Class A Revolving Loans pursuant to
Section 2.1, purchases of Eligible Receivables pursuant to Section 2.11(c)(vii)(C) and/or repayments of Revolving Loans pursuant to this Section 2.11(c)(vii)(B) may be made in any calendar week and no such
repayment may occur on any Interest Payment Date, (y) the minimum amount of any such repayment on the Class A Revolving Loans shall be $250,000 and the minimum amount of any such repayment on the Class B Revolving Loans shall be $500,000,
and (z) after giving effect to each such repayment, an amount equal to not less than the sum of (i) during any Reserve Account Funding Period, any Reserve Account Funding Amount and (ii) the aggregate of 105% of the aggregate pro
forma amount of interest, fees and expenses projected to be due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the Successor Servicing Agreement, if any, for the remainder of the applicable
Interest Period, based on the Accrued Interest Amount on such date and a projection of the interest to accrue on the Loans during the remainder of the applicable Interest Period using the same assumptions as are contained in the calculation of the
Accrued Interest Amount, and the Total Utilization of Class A Revolving Commitments and the Total Utilization of Class B Revolving Commitments on such date (after giving effect to such repayments), shall remain in the Controlled Accounts, or
(C) to purchase additional Eligible Receivables pursuant to the terms and conditions of the Asset Purchase Agreement, provided, that (w) a Borrowing Base Certificate (evidencing sufficient Revolving Availability after giving effect to the
release of Collections and the making of any Loan being made on such date and that after giving effect to the release of Collections, no event has occurred and is continuing that constitutes, or would result from such release that would constitute,
a Borrowing Base Deficiency, Default or Event of Default) and a Borrowing Base Report shall be delivered to the Administrative Agent, the Paying Agent, the Custodian, each Class A Managing Agent and each Class B Revolving Lender no later than
11:00 a.m. (New York City time) at least two (2) Business Days in advance of any such proposed purchase or release, (x) if such purchase of Eligible Receivables were being funded with Loans, the conditions for making such Loans on such
date contained in Section 3.3(a)(iii), Section 3.3(a)(vi) and Section 3.3(a)(vii) would be satisfied as of such date, (y) Company may purchase Eligible Receivables pursuant to this
Section 2.12(c)(vii)(C), repay Revolving Loans pursuant to Section 2.11(c)(vii)(B) and/or borrow Class A Revolving Loans pursuant to Section 2.1 no more than three times a week in the aggregate, and provided,
further, that if such withdrawal from the 

  
 53 

 
Collection Account does not occur simultaneously with the making of a Loan by the Lenders hereunder pursuant to the delivery of a Funding Notice, such withdrawal shall be considered a
“Revolving Loan” solely for purposes of Section 2.1(d)(iv) and (z) after giving effect to such release, an amount equal to not less than the sum of (i) during any Reserve Account Funding Period, any Reserve Account
Funding Amount and (ii) the aggregate of 105% of the aggregate pro forma amount of interest, fees and expenses projected to be due hereunder and under the Servicing Agreement, the Backup Servicing Agreement, the Custodial Agreement and the
Successor Servicing Agreement, if any, for the remainder of the applicable Interest Period, based on the Accrued Interest Amount on such date and a projection of the interest to accrue on the Loans during the remainder of the applicable Interest
Period using the same assumptions as are contained in the calculation of the Accrued Interest Amount, and the Total Utilization of Class A Revolving Commitments and the Total Utilization of Class B Revolving Commitments on such date shall
remain in the Controlled Accounts. 
 (viii) All income and gains from the investment of funds in the Controlled Accounts
shall be retained in the respective Controlled Account from which they were derived, until each Interest Payment Date, at which time such income and gains shall be applied in accordance with Section 2.12(a) or (b) (or, if
sooner, until utilized for a repayment pursuant to Section 2.11(c)(vii)(B) or a purchase of additional Eligible Receivables pursuant to Section 2.11(c)(vii)(C)), as the case may be. As between Company and Collateral Agent,
Company shall treat all income, gains and losses from the investment of amounts in the Controlled Accounts as its income or loss for federal, state and local income tax purposes. 

(d) Transfer Accounts. Company agrees to instruct the Servicer to (i) deduct from the related Transfer Account any amounts owed to
Company, and (ii) remit such amounts directly to a Controlled Account by no later than the second Business Day immediately following the deposit of such amounts in the related Transfer Account. Company shall use commercially reasonable efforts
to cause each applicable Receivables Obligor to cause all amounts owing in respect of a Transfer Account Receivable to be remitted directly to the applicable Transfer Account by the applicable Processor in accordance with the applicable Processor
Agreement. 
 (e) Reserve Account. On or prior to the Original Closing Date, Company caused to be established and shall thereafter
cause to be maintained a Deposit Account in the name of Company designated as the “Reserve Account” as to which the Collateral Agent has control over such account for the benefit of the Lenders within the meaning of
Section 9-104(a)(2) of the UCC pursuant to the Blocked Account Control Agreement. The Reserve Account will be funded during a Reserve Account Funding Period with funds available therefor pursuant to Section 2.12(a). At any time
after the giving of a Termination Notice by the Administrative Agent, the Paying Agent shall, at the written direction of the Administrative Agent, withdraw from time to time up to an aggregate amount of $100,000 from the Reserve Account to pay
Servicing Transition Expenses during the Servicing Transition Period. On the first Interest Payment Date after the occurrence and during the continuance of an Event of Default, the Paying Agent shall, at the written direction of the Administrative
Agent, transfer into the Collection Account for application on such Interest Payment Date in accordance with 

  
 54 

 
Section 2.12(b) the amount by which the amount in the Reserve Account exceeds the excess, if any, of $100,000 over the aggregate amount previously withdrawn from the Reserve Account
to pay Servicing Transition Expenses. If the first Interest Payment Date after the end of a Servicing Transition Period is during the continuance of an Event of Default, the Paying Agent shall, at the written direction of the Administrative Agent,
transfer into the Collection Account for application on such Interest Payment Date in accordance with Section 2.12(b) all amounts in the Reserve Account. If, after the first Reserve Account Funding Event to occur hereunder, a Reserve
Account Funding Event Cure occurs, on the next Interest Payment Date after the occurrence of such Reserve Account Funding Event Cure the Paying Agent shall, at the direction of Company, transfer all amounts in the Reserve Account into the Collection
Account for application on such Interest Payment Date in accordance with Section 2.12(a). For the avoidance of doubt, only one Reserve Account Funding Event Cure shall be permitted hereunder. 

2.12 Application of Proceeds. 

(a) Application of Amounts in the Collection Account. So long as no Event of Default has occurred and is continuing (after giving
effect to the application of funds in accordance herewith on the relevant date), on each Interest Payment Date, all amounts in the Controlled Accounts (other than the Reserve Account) shall be applied by the Paying Agent based on the Monthly
Servicing Report as follows: 
 (i) first, to Company, on a pari passu basis, (A) amounts sufficient for
Company to maintain its limited liability company existence and to pay similar expenses up to an amount not to exceed $1,000 in any Fiscal Year, and only to the extent not previously distributed to Company during such Fiscal Year pursuant to clause
(ix) below, and (B) to pay any accrued and unpaid Servicing Fees; 
 (ii) second, on a pari passu
basis, (A) to Company to pay any accrued and unpaid Backup Servicing Fees and any accrued and unpaid fees and expenses of the Custodian and the Controlled Account Bank (in respect of the Controlled Accounts), (B) to Administrative Agent to
pay any costs, fees or indemnities then due and owing to Administrative Agent under the Credit Documents, (C) to Collateral Agent to pay any costs, fees or indemnities then due and owing to Collateral Agent under the Credit Documents and
(D) to Paying Agent to pay any costs, fees or indemnities then due and owing to Paying Agent under the Credit Documents; provided, however, that the aggregate amount of costs, fees or indemnities payable to Administrative Agent and Collateral
Agent pursuant to this clause (ii) shall not exceed $450,000 in any Fiscal Year; 
 (iii) third, on a pro rata
basis, to the Class A Managing Agents to pay costs, fees, any Liquidation Fees and accrued interest calculated in accordance with Section 2.5(a)(i) on the Class A Revolving Loans and expenses payable pursuant to the Credit
Documents; 
 (iv) fourth, on a pro rata basis, to Class A Managing Agents in an amount necessary to
reduce any Class A Borrowing Base Deficiency to zero; 

  
 55 

 (v) fifth, on a pro rata basis, to the Class B Revolving Lenders to
pay costs, fees, and accrued interest calculated in accordance with Section 2.5(a)(ii) on the Class B Revolving Loans and expenses payable pursuant to the Credit Documents; 

(vi) sixth, on a pro rata basis, to the Class B Revolving Lenders in an amount necessary to reduce any Class B
Borrowing Base Deficiency to zero; 
 (vii) seventh, to pay to Administrative Agent, Collateral Agent or Paying Agent
any costs, fees or indemnities not paid in accordance with clause (ii) above; 
 (viii) eighth, during a Reserve
Account Funding Period, to the Reserve Account an amount equal to any Reserve Account Funding Amount; 
 (ix) ninth,
to pay all other Obligations or any other amount then due and payable hereunder; 
 (x) tenth, at the election of
Company, on a pro rata basis, to the Class A Managing Agents or the Class B Revolving Lenders, as applicable, to repay the principal of the Class A Revolving Loans or the Class B Revolving Loans, respectively, provided, that
each repayment of the Class B Revolving Loans shall be in a minimum amount of $500,000; and 
 (xi) eleventh, prior to
the Revolving Commitment Termination Date, and provided that no Borrowing Base Deficiency would occur after giving effect to such distribution, any remainder to Company or as Company shall direct consistent with Section 6.5. 

(b) Notwithstanding anything herein to the contrary, upon the occurrence and during the continuance of an Event of Default, on each Interest
Payment Date, all amounts in the Controlled Accounts shall be applied by the Paying Agent based on the Monthly Servicing Report as follows: 

(i) first, to Company, on a pari passu basis, (A) amounts sufficient for Company to maintain its limited
liability company existence and to pay similar expenses up to an amount not to exceed $1,000 in any Fiscal Year, and only to the extent not previously distributed to Company during such Fiscal Year pursuant to Section 2.12(a)(i) or
2.12(a)(ix) above, and (B) to pay any accrued and unpaid Servicing Fees; 
 (ii) second, on a pari
passu basis, (A) to Company to pay any accrued and unpaid Backup Servicing Fees and any accrued and unpaid fees and expenses of the Custodian and the Controlled Account Bank (in respect of the Controlled Accounts), (B) to
Administrative Agent to pay any costs, fees or indemnities then due and owing to Administrative Agent under the Credit Documents, (C) to Collateral Agent to pay any costs, fees or indemnities then due and owing to Collateral Agent under the
Credit Documents and (D) to Paying Agent to pay any costs, fees or indemnities then due and owing to Paying Agent under the Credit Documents; 

  
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 (iii) third, on a pro rata basis, to the Class A Managing
Agents to pay costs, fees, any Liquidation Fees and accrued interest calculated in accordance with Section 2.5(a)(i) (but, for the avoidance of doubt, excluding any additional interest accruing pursuant to Section 2.6) on the
Class A Revolving Loans and expenses payable pursuant to the Credit Documents; 
 (iv) fourth, on a pro
rata basis, to the Class A Managing Agents until the Class A Revolving Loans are paid in full; 
 (v) fifth,
on a pro rata basis, to the Class A Managing Agents to pay any Senior Default Interest for such Interest Payment Date and any unpaid Senior Default Interest for any prior Interest Payment Date; 

(vi) sixth, on a pro rata basis, to the Class B Revolving Lenders to pay costs, fees, and accrued interest
calculated in accordance with Section 2.5(a)(ii) (but, for the avoidance of doubt, excluding any additional interest accruing under Section 2.6) on the Class B Revolving Loans and expenses payable pursuant to the Credit
Documents; 
 (vii) seventh, on a pro rata basis, to the Class B Revolving Lenders until the Class B Revolving
Loans are paid in full; 
 (viii) eighth, on a pro rata basis, to the Class A Managing Agents to pay any
additional interest accruing under Section 2.6 on the Class A Revolving Loans not paid pursuant to clause (v) above; 

(ix) ninth, on a pro rata basis, to the Class B Revolving Lenders to pay any additional interest accruing under
Section 2.6 on the Class B Revolving Loans; 
 (x) tenth, to pay all other Obligations or any other amount
then due and payable hereunder; and 
 (xi) eleventh, any remainder to Company. 

2.13 General Provisions Regarding Payments. 

(a) All payments by Company of principal, interest, fees and other Obligations shall be made in Dollars in immediately available funds,
without defense, recoupment, setoff or counterclaim, free of any restriction or condition, and paid not later than 12:00 p.m. (New York City time) on the date due via wire transfer of immediately available funds. Funds received after that time on
such due date shall be deemed to have been paid by Company on the next Business Day (provided, that any repayment made pursuant to Section 2.11(c)(vii)(B) or any application of funds by Paying Agent pursuant to Section 2.12
on any Interest Payment Date shall be deemed for all purposes to have been made in accordance with the deadlines and payment requirements described in this Section 2.13). 

(b) All payments in respect of the principal amount of any Loan (other than voluntary prepayments of Revolving Loans or payments pursuant to
Section 2.10) shall be accompanied by payment of accrued interest on the principal amount being repaid or prepaid. 

  
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 (c) Paying Agent shall promptly distribute to each Class A Managing Agent and each Class B
Revolving Lender at such address as such Class A Managing Agent and such Class B Revolving Lender shall indicate in writing, the applicable Pro Rata Share of each Class A Lender Group and each Class B Revolving Lender of all payments and
prepayments of principal and interest due hereunder, together with all other amounts due with respect thereto, including, without limitation, all fees payable with respect thereto, to the extent received by Paying Agent. Each Class A Managing
Agent shall allocate all payments received by it from Paying Agent under this Section 2.13(c) to the Class A Revolving Lenders in the related Class A Lender Group. 

(d) Whenever any payment to be made hereunder shall be stated to be due on a day that is not a Business Day, such payment shall be made on the
next succeeding Business Day and such extension of time shall be included in the computation of the payment of interest hereunder or of the commitment fees hereunder. 

(e) Except as set forth in the proviso to Section 2.13(a), Paying Agent shall deem any payment by or on behalf of Company
hereunder to them that is not made in same day funds prior to 12:00 p.m. (New York City time) to be a non-conforming payment. Any such payment shall not be deemed to have been received by Paying Agent until
the later of (i) the time such funds become available funds, and (ii) the applicable next Business Day. Paying Agent shall give prompt notice via electronic mail to Company and Administrative Agent if any payment is non-conforming. Any non-conforming payment may constitute or become a Default or Event of Default in accordance with the terms of Section 7.1(a). Interest shall
continue to accrue on any principal as to which a non-conforming payment is made until such funds become available funds (but in no event less than the period from the date of such payment to the next
succeeding applicable Business Day) at the Default Interest Rate determined pursuant to Section 2.6 from the date such amount was due and payable until the date such amount is paid in full. 

2.14 Ratable Sharing. Lenders hereby agree among themselves that, except as otherwise provided in the Collateral Documents with respect
to amounts realized from the exercise of rights with respect to Liens on the Collateral, if any of them shall, whether by voluntary payment (other than a voluntary prepayment of Loans made and applied in accordance with the terms hereof), through
the exercise of any right of set-off or banker’s lien, by counterclaim or cross action or by the enforcement of any right under the Credit Documents, or otherwise, or as adequate protection of a deposit
treated as cash collateral under the Bankruptcy Code, receive payment or reduction of a proportion of the aggregate amount of principal, interest, fees and other amounts then due and owing to such Lender hereunder or under the other Credit Documents
(collectively, the “Aggregate Amounts Due” to such Lender) which is greater than such Lender would be entitled pursuant to this Agreement, then the Lender receiving such proportionately greater payment shall (a) notify
Administrative Agent, Paying Agent, each Class A Managing Agent and each Class B Revolving Lender of the receipt of such payment and (b) apply a portion of such payment to purchase participations (which it shall be deemed to have purchased
from each seller of a participation simultaneously upon the receipt by such seller of its portion of such payment) in the Aggregate Amounts Due to the other Lenders so that the recovery of such Aggregate Amounts Due shall be shared by the applicable
Lenders in proportion to the Aggregate Amounts Due to them pursuant to this Agreement; provided, if all or 

  
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part of such proportionately greater payment received by such purchasing Lender is thereafter recovered from such Lender upon the bankruptcy or reorganization of Company or otherwise, those
purchases shall be rescinded and the purchase prices paid for such participations shall be returned to such purchasing Lender ratably to the extent of such recovery, but without interest. Company expressly consents to the foregoing arrangement and
agrees that any holder of a participation so purchased may exercise any and all rights of banker’s lien, setoff or counterclaim with respect to any and all monies owing by Company to that holder with respect thereto as fully as if that holder
were owed the amount of the participation held by that holder. 
 2.15 Increased Costs; Capital Adequacy. 

(a) Compensation for Increased Costs and Taxes. Subject to the provisions of Section 2.16 (which shall be controlling with
respect to the matters covered thereby), in the event that any Affected Party shall determine (which determination shall, absent manifest error, be final and conclusive and binding upon all parties hereto) that any law, treaty or governmental rule,
regulation or order, or any change therein or in the interpretation, administration or application thereof (including the introduction of any new law, treaty or governmental rule, regulation or order), or any determination of a court or Governmental
Authority, in each case that becomes effective after the date hereof, or compliance by such Affected Party with any guideline, request or directive issued or made after the date hereof (or with respect to any Lender which becomes a Lender after the
date hereof, effective after such date) by any central bank or other Governmental Authority or quasi-Governmental Authority (whether or not having the force of law): (i) subjects such Affected Party (or
its applicable lending office) to any additional Tax (other than an Excluded Tax) with respect to this Agreement or any of the other Credit Documents or any of its obligations hereunder or thereunder or any payments to such Affected Party (or its
applicable lending office) of principal, interest, fees or any other amount payable hereunder; (ii) imposes, modifies or holds applicable any reserve (including any marginal, emergency, supplemental, special or other reserve), special deposit,
compulsory loan, FDIC or other insurance or charge or similar requirement against assets held by, or deposits or other liabilities in or for the account of, or advances or loans by, or other credit extended by, or any other acquisition of funds by,
any office of such Affected Party; or (iii) imposes any other condition (other than with respect to a Tax matter) on or affecting such Affected Party (or its applicable lending office) or its obligations hereunder; and the result of any of the
foregoing is to increase the cost to such Affected Party of agreeing to make, making or maintaining Loans hereunder or to reduce any amount received or receivable by such Affected Party (or its applicable lending office) with respect thereto; then,
in any such case, if such Affected Party deems such change to be material, Company shall promptly pay to such Affected Party, upon receipt of the statement referred to in the next sentence, such additional amount or amounts (in the form of an
increased rate of, or a different method of calculating, interest or otherwise as such Affected Party in its sole discretion shall determine) as may be necessary to compensate such Affected Party for any such increased cost or reduction in amounts
received or receivable hereunder and any reasonable expenses related thereto. Such Affected Party shall deliver to Company (with a copy to Administrative Agent and Paying Agent) a written statement, setting forth in reasonable detail the basis for
calculating the additional amounts owed to such Affected Party under this Section 2.15(a), which statement shall be conclusive and binding upon all parties hereto absent manifest error. 

  
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 (b) Capital Adequacy Adjustment. In the event that any Affected Party shall have
determined in its sole discretion (which determination shall, absent manifest effort, be final and conclusive and binding upon all parties hereto) that (i) the adoption, effectiveness, phase-in or
applicability of any law, rule or regulation (or any provision thereof) regarding capital adequacy, or any change therein or in the interpretation or administration thereof by any Governmental Authority, central bank or comparable agency charged
with the interpretation or administration thereof, or (ii) compliance by any Affected Party (or its applicable lending office) or any company controlling such Affected Party with any guideline, request or directive regarding capital adequacy
(whether or not having the force of law) of any such Governmental Authority, central bank or comparable agency, in each case after the Amendment Effective Date, has or would have the effect of reducing the rate of return on the capital of such
Affected Party or any company controlling such Affected Party as a consequence of, or with reference to, such Affected Party’s Loans or Revolving Commitments, or participations therein or other obligations hereunder with respect to the Loans to
a level below that which such Affected Party or such controlling company could have achieved but for such adoption, effectiveness, phase-in, applicability, change or compliance (taking into consideration the
policies of such Affected Party or such controlling company with regard to capital adequacy), then from time to time, within five (5) Business Days after receipt by Company from such Affected Party of the statement referred to in the next
sentence, Company shall pay to such Affected Party such additional amount or amounts as will compensate such Affected Party or such controlling company on an after-tax basis for such reduction. Such Affected
Party shall deliver to Company (with a copy to Administrative Agent and Paying Agent) a written statement, setting forth in reasonable detail the basis for calculating the additional amounts owed to such Affected Party under this
Section 2.15(b), which statement shall be conclusive and binding upon all parties hereto absent manifest error. For the avoidance of doubt, subsections (i) and (ii) of this Section 2.15 shall apply, without
limitation, to all requests, rules, guidelines or directives concerning liquidity and capital adequacy issued by any Governmental Authority (x) under or in connection with the implementation of the Dodd-Frank Wall Street Reform and Consumer
Protection Act of 2010, as amended to the date hereof and from time to time hereafter, and any successor statute and (y) in connection with the implementation of the recommendations of the Bank for International Settlements or the Basel
Committee on Banking Regulations and Supervisory Practices (or any successor or similar authority), regardless of the date adopted, issued, promulgated or implemented. 

(c) Delay in Requests. Failure or delay on the part of any Affected Party to demand compensation pursuant to the foregoing provisions
of this Section 2.15 shall not constitute a waiver of such Affected Party’s right to demand such compensation, provided that Company shall not be required to compensate an Affected Party pursuant to the foregoing provisions of this
Section 2.15 for any increased costs incurred or reductions suffered more than one hundred twenty (120) days prior to the date that such Affected Party notifies Company of the matters giving rise to such increased costs or
reductions and of such Affected Party’s intention to claim compensation therefor. 
 2.16 Taxes; Withholding, etc. 

(a) Payments to Be Free and Clear. Subject to Section 2.16(b), all sums payable by Company hereunder and under the other
Credit Documents shall (except to the 

  
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extent required by law) be paid free and clear of, and without any deduction or withholding on account of, any Tax imposed, levied, collected, withheld or assessed by or within the United States
or any political subdivision in or of the United States or any other jurisdiction from or to which a payment is made by or on behalf of Company or by any federation or organization of which the United States or any such jurisdiction is a member at
the time of payment. 
 (b) Withholding of Taxes. If Company or any other Person is required by law to make any deduction or
withholding on account of any such Tax from any sum paid or payable by Company to an Affected Party under any of the Credit Documents: (i) Company shall notify Paying Agent of any such requirement or any change in any such requirement as soon
as Company becomes aware of it; (ii) Company or the Paying Agent shall make such deduction or withholding and pay any such Tax to the relevant Governmental Authority before the date on which penalties attach thereto, such payment to be made (if
the liability to pay is imposed on Company) for its own account or (if that liability is imposed on Paying Agent or such Affected Party, as the case may be) on behalf of and in the name of Paying Agent or such Affected Party; (iii) if such Tax
is an Indemnified Tax, the sum payable by Company in respect of which the relevant deduction, withholding or payment is required shall be increased to the extent necessary to ensure that, after the making of that deduction, withholding or payment
(and any withholdings imposed on additional amounts payable under this paragraph), such Affected Party receives on the due date a net sum equal to what it would have received had no such deduction, withholding or payment been required or made; and
(iv) within thirty (30) days after paying any sum from which it is required by law to make any deduction or withholding, and within thirty (30) days after the due date of payment of any Tax which it is required by clause
(ii) above to pay, Company shall deliver to Paying Agent evidence satisfactory to the other Affected Parties of such deduction, withholding or payment and of the remittance thereof to the relevant taxing or other authority. 

(c) Indemnification by Company. Company shall indemnify each Affected Party, within ten (10) days after demand therefor, for the
full amount of any additional amounts required to be paid by Company pursuant to Section 2.16(b), payable or paid by such Affected Party or required to be withheld or deducted from a payment to such Affected Party and any reasonable
expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Company by
an Affected Party (with a copy to the Paying Agent), or by the Paying Agent on its own behalf or on behalf of an Affected Party, shall be conclusive absent manifest error. 

(d) Indemnification by the Lenders. Each Affected Party shall severally indemnify the Paying Agent, within ten (10) days after
demand therefor, for (i) any Taxes attributable to such Affected Party (but only to the extent the Company has not already indemnified the Paying Agent for such Taxes and without limiting the obligation of the Company to do so) and
(ii) any Taxes attributable to such Affected Party’s failure to comply with the provisions of Section 9.6(h) relating to the maintenance of a Participant Register, in either case, that are payable or paid by the Paying Agent in
connection with any Credit Document, and any reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the
amount of such payment or liability delivered to any Affected 

  
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Party by the Paying Agent shall be conclusive absent manifest error. Each Affected Party hereby authorizes the Paying Agent to set off and apply any and all amounts at any time owing to such
Affected Party under any Credit Document or otherwise payable by the Paying Agent to the Affected Party from any other source against any amount due to the Paying Agent. 

(e) Evidence of Exemption From U.S. Withholding Tax. 

(i) Each Lender that is not a United States Person (as such term is defined in Section 7701(a)(30) of the Internal Revenue
Code) for U.S. federal income tax purposes (a “Non-US Lender”) shall, to the extent it is legally entitled to do so, deliver to Paying Agent for transmission to Company, on or prior to the
Original Closing Date (in the case of each Lender listed on the signature pages of the Existing Credit Agreement on the Original Closing Date) or on or prior to the date of the Assignment Agreement pursuant to which it becomes a Lender (in the case
of each other Lender), and at such other times as may be necessary in the determination of Company or Paying Agent (each in the reasonable exercise of its discretion), (A) two original copies of Internal Revenue Service Form W-8BEN, 8BEN-E or W-8ECI or W-8IMY (with appropriate attachments) (or any successor forms), properly completed and duly executed by such Lender, and such other documentation
required under the Internal Revenue Code and reasonably requested by Company to establish that such Lender is not subject to, or is eligible for a reduction in the rate of, deduction or withholding of United States federal income tax with respect to
any payments to such Lender of principal, interest, fees or other amounts payable under any of the Credit Documents, or (B) if such Lender is not a “bank” or other Person described in Section 881(c)(3) of the Internal Revenue
Code and cannot deliver Internal Revenue Service Form W-8IMY or W-8ECI pursuant to clause (A) above and is relying on the so called “portfolio interest exception”, a Certificate Regarding Non-Bank Status together with two original copies of Internal Revenue Service Form W-8BEN or 8BEN-E (or any successor form), properly completed and duly executed by such
Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Company to establish that such Lender is not subject, or is eligible for a reduction in the rate of, to deduction or withholding of United
States federal income tax with respect to any payments to such Lender of interest payable under any of the Credit Documents. Each Lender required to deliver any forms, certificates or other evidence with respect to United States federal income tax
withholding matters pursuant to this Section 2.16(e)(i) or Section 2.16(e)(ii) hereby agrees, from time to time after the initial delivery by such Lender of such forms, certificates or other evidence, whenever a lapse in time
or change in circumstances renders such forms, certificates or other evidence obsolete or inaccurate in any material respect, that such Lender shall promptly deliver to Paying Agent for transmission to Company two new original copies of Internal
Revenue Service Form W-8BEN, 8BEN-E, W-8IMY, or W-8ECI, or, if relying on the “portfolio interest exception”, a
Certificate Regarding Non-Bank Status and two original copies of Internal Revenue Service Form W-8BEN or 8BEN-E (or any successor form), as the case may be, properly
completed and duly executed by such Lender, and such other documentation required under the Internal Revenue Code and reasonably requested by Company to confirm or establish that such Lender is not subject to, or is eligible for a reduction in the
rate of, deduction or withholding of United States federal income tax with respect to payments to such Lender under the Credit Documents, or notify Paying 

  
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Agent and Company of its inability to deliver any such forms, certificates or other evidence. Company shall not be required to pay any additional amount in respect of U.S. Federal withholding
taxes to any Non-US Lender under Section 2.16(b)(iii) if such Lender shall have failed (1) to deliver any forms, certificates or other evidence referred to in this
Section 2.16(e)(i) or Section 2.16(e)(ii), or (2) to notify Paying Agent and Company of its inability to deliver any such forms, certificates or other evidence, as the case may be; provided, if such Lender shall
have satisfied the requirements of the first sentence of this Section 2.16(e)(i) and Section 2.16(e)(ii) on the Original Closing Date or on the date of the Assignment Agreement pursuant to which it became a Lender, as applicable,
nothing in this last sentence of Section 2.16(e)(i) shall relieve Company of its obligation to pay any additional amounts pursuant to this Section 2.16 in the event that, as a result of any change in any applicable law,
treaty or governmental rule, regulation or order, or any change in the interpretation, administration or application thereof, such Lender is no longer properly entitled to deliver forms, certificates or other evidence at a subsequent date
establishing the fact that such Lender is not subject to withholding as described herein. 
 (ii) Any Lender that is a U.S.
Person shall deliver to Company and the Paying Agent on or prior to the Original Closing Date or the date on which such Lender becomes a Lender under this Agreement pursuant to an Assignment Agreement (and from time to time thereafter upon the
reasonable request of Company or the Paying Agent), executed originals of IRS Form W-9 certifying that such Lender is a U.S. Person and exempt from U.S. federal backup withholding tax. 

(iii) If a payment made to a Lender under any Credit Document would be subject to U.S. federal withholding Tax imposed by FATCA
if such Lender were to fail to comply with the applicable reporting requirements of FATCA (including those contained in Section 1471(b) or 1472(b) of the Code, as applicable), such Lender shall deliver to Company and the Paying Agent at the
time or times reasonably requested by Company or the Paying Agent such documentation prescribed by applicable law (including as prescribed by Section 1471(b)(3)(C)(i) of the Code) and such additional documentation reasonably requested by
Company or the Paying Agent as may be necessary for Company and the Paying Agent to comply with their obligations under FATCA and to determine that such Lender has complied with such Lender’s obligations under FATCA or to determine the amount
to deduct and withhold from such payment. Solely for purposes of this Section 2.16(e)(iii), “FATCA” shall include any amendments made to FATCA after the date of this Agreement. 

2.17 Obligation to Mitigate. Each Lender agrees that, as promptly as practicable after the officer of such Lender responsible for
administering its Loans becomes aware of the occurrence of an event or the existence of a condition that would cause such Lender to become an Affected Lender or that would entitle such Lender to receive payments under Section 2.15 or
2.16, it will, to the extent not inconsistent with the internal policies of such Lender and any applicable legal or regulatory restrictions, use reasonable efforts to (a) make, issue, fund or maintain its Credit Extensions through
another office of such Lender, or (b) take such other measures as such Lender may deem reasonable, if as a result thereof the additional amounts which would otherwise be required to be paid to such Lender pursuant to Section 2.15 or
2.16 

  
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would be materially reduced and if, as determined by such Lender in its sole discretion, the making, issuing, funding or maintaining of such Revolving Commitments or Loans through such other
office or in accordance with such other measures, as the case may be, would not otherwise adversely affect such Revolving Commitments or Loans or the interests of such Lender; provided, such Lender will not be obligated to utilize such other
office pursuant to this Section 2.17 unless Company agrees to pay all reasonable and incremental expenses incurred by such Lender as a result of utilizing such other office as described above. A certificate as to the amount of any such
expenses payable by Company pursuant to this Section 2.17 (setting forth in reasonable detail the basis for requesting such amount) submitted by such Lender to Company (with a copy to Administrative Agent) shall be conclusive absent
manifest error. 
 2.18 Defaulting Lenders. Anything contained herein to the contrary notwithstanding, in the event that other than
at the direction or request of any regulatory agency or authority, any Lender defaults (in each case, a “Defaulting Lender”) in its obligation to fund (a “Funding Default”) any Revolving Loan (in each case, a
“Defaulted Loan”), then (a) during any Default Period with respect to such Defaulting Lender, such Defaulting Lender shall be deemed not to be a “Lender” for purposes of voting on any matters (including the granting
of any consents or waivers) with respect to any of the Credit Documents; (b) to the extent permitted by applicable law, until such time as the Default Excess, if any, with respect to such Defaulting Lender shall have been reduced to zero,
(i) any voluntary prepayment of the Revolving Loans shall be applied to the Revolving Loans of other Lenders of the applicable Class as if such Defaulting Lender had no Revolving Loans outstanding and the Revolving Exposure of such Defaulting
Lender were zero, and (ii) any mandatory prepayment of the Revolving Loans of the applicable Class shall be applied to the Revolving Loans of other Lenders (but not to the Revolving Loans of such Defaulting Lender) of such Class as if such
Defaulting Lender had funded all Defaulted Loans of such Class of such Defaulting Lender, it being understood and agreed that Company shall be entitled to retain any portion of any mandatory prepayment of the Revolving Loans of the applicable Class
that is not paid to such Defaulting Lender solely as a result of the operation of the provisions of this clause (b); (c) such Defaulting Lender’s Revolving Commitment and outstanding Revolving Loans shall be excluded for purposes of
calculating any Revolving Commitment fee payable to Lenders in respect of any day during any Default Period with respect to such Defaulting Lender, and such Defaulting Lender shall not be entitled to receive any Revolving Commitment fee pursuant to
Section 2.7 with respect to such Defaulting Lender’s Revolving Commitment in respect of any Default Period with respect to such Defaulting Lender; and (d) the Total Utilization of Class A Revolving Commitments or the Total
Utilization of Class B Revolving Commitments, as applicable, as at any date of determination shall be calculated as if such Defaulting Lender had funded all Defaulted Loans of such Defaulting Lender. No Revolving Commitment of any Lender shall be
increased or otherwise affected, and, except as otherwise expressly provided in this Section 2.18, performance by Company of its obligations hereunder and the other Credit Documents shall not be excused or otherwise modified as a result
of any Funding Default or the operation of this Section 2.18. The rights and remedies against a Defaulting Lender under this Section 2.18 are in addition to other rights and remedies which Company may have against such
Defaulting Lender with respect to any Funding Default and which Administrative Agent or any Lender may have against such Defaulting Lender with respect to any Funding Default or violation of Section 8.5(c). 

  
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 2.19 Removal or Replacement of a Lender. Anything contained herein to the contrary
notwithstanding, in the event that: (a) (i) any Lender (an “Increased-Cost Lender”) shall give notice to Company that such Lender is entitled to receive payments under
Section 2.15 or 2.16, (ii) the circumstances which entitle such Lender to receive such payments shall remain in effect, and (iii) such Lender shall fail to withdraw such notice within five (5) Business Days after
Company’s request for such withdrawal; or (b) (i) any Lender shall become a Defaulting Lender, (ii) the Default Period for such Defaulting Lender shall remain in effect, and (iii) such Defaulting Lender shall fail to cure
the default as a result of which it has become a Defaulting Lender within five (5) Business Days after Company’s request that it cure such default; or (c) in connection with any proposed amendment, modification, termination, waiver or
consent with respect to any of the provisions hereof as contemplated by Section 9.5(b), the consent of Administrative Agent and Requisite Lenders shall have been obtained but the consent of one or more of such other Lenders (each a “Non-Consenting Lender”) whose consent is required shall not have been obtained; then, with respect to each such Increased-Cost Lender, Defaulting Lender or Non-Consenting Lender (the “Terminated Lender”), Company may, by giving written notice to any Terminated Lender of its election to do so, elect to cause such Terminated Lender and, if applicable,
each Class A Revolving Lender in such Terminated Lender’s Class A Lender Group (and such Terminated Lender and, if applicable, each other such Lender hereby irrevocably agrees) to assign its outstanding Loans and its Revolving
Commitments, if any, in full to one or more Eligible Assignees identified by Company (each a “Replacement Lender”) in accordance with the provisions of Section 9.6; provided, (1) on the date of such
assignment, the Replacement Lender shall pay to the Terminated Lender and, if applicable, such other Lenders, an amount equal to the sum of (A) an amount equal to the principal of, and all accrued interest on, all outstanding Loans of the
Terminated Lender and, if applicable, such other Lenders, and (B) an amount equal to all accrued, but theretofore unpaid fees owing to such Terminated Lender and, if applicable, such other Lenders, pursuant to Section 2.7;
(2) on the date of such assignment, Company shall pay any amounts payable to such Terminated Lender and, if applicable, such other Lenders pursuant to Section 2.15 or 2.16 and any other amounts due to such Terminated Lender
and, if applicable, such other Lenders; and (3) in the event such Terminated Lender is an Increased-Cost Lender, such assignment will result in a reduction in any claims for payments under Section 2.15 or 2.16, as applicable,
and (4) in the event such Terminated Lender is a Non-Consenting Lender, each Replacement Lender shall consent, at the time of such assignment, to each matter in respect of which such Terminated Lender was
a Non-Consenting Lender. Upon the prepayment of all amounts owing to any Terminated Lender and, if applicable, such other Lenders and the termination of such Terminated Lender’s Revolving Commitments and,
if applicable, the Revolving Commitments of such other Lenders, such Terminated Lender and, if applicable, such other Lenders shall no longer constitute a “Lender” for purposes hereof; provided, any rights of such Terminated Lender
and, if applicable, such other Lenders to indemnification hereunder shall survive as to such Terminated Lender and such other Lenders. 

2.20 The Paying Agent. 

(a) The Lenders hereby appoint Deutsche Bank Trust Company Americas as the initial Paying Agent. All payments of amounts due and payable in
respect of the Obligations that are to be made from amounts withdrawn from the Collection Account pursuant to Section 2.12 shall be made by the Paying Agent based on the Monthly Servicing Report. 

  
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 (b) The Company shall pay to the Paying Agent the applicable fees payable pursuant to the Fee
Letter with the Paying Agent. 
 (c) The Paying Agent hereby agrees that, subject to the provisions of this Section, it shall: 

(i) hold any sums held by it for the payment of amounts due with respect to the Obligations in trust for the benefit of the
Persons entitled thereto until such sums shall be paid to such Persons or otherwise disposed of as herein provided and pay such sums to such Persons as herein provided; 

(ii) give the Administrative Agent, each Class A Managing Agent and each Class B Revolving Lender notice of any default by
the Company in the making of any payment required to be made with respect to the Obligations of which it has actual knowledge; 

(iii) comply with all requirements of the Internal Revenue Code and any applicable State law with respect to the withholding
from any payments made by it in respect of any Obligations of any applicable withholding taxes imposed thereon and with respect to any applicable reporting requirements in connection therewith; and 

(iv) provide to the Agents such information as is required to be delivered under the Internal Revenue Code or any State law
applicable to the particular Paying Agent, relating to payments made by the Paying Agent under this Agreement. 
 (d) Each Paying Agent
(other than the initial Paying Agent) shall be appointed by the Lenders with the prior written consent of the Company. 
 (e) The Company
shall indemnify the Paying Agent and its officers, directors, employees and agents for, and hold them harmless against any loss, liability or expense incurred, other than in connection with the willful misconduct, fraud, gross negligence or bad
faith on the part of the Paying Agent, arising out of or in connection with the performance of its obligations under and in accordance with this Agreement, including the costs and expenses of defending itself against any claim or liability in
connection with the exercise or performance of any of its powers or duties under this Agreement. All such amounts shall be payable in accordance with Section 2.12 and such indemnity shall survive the termination of this Agreement and the
resignation or removal of the Paying Agent. 
 (f) The Paying Agent undertakes to perform such duties, and only such duties, as are
expressly set forth in this Agreement. No implied covenants or obligations shall be read into this Agreement against the Paying Agent. The Paying Agent may conclusively rely on the truth of the statements and the correctness of the opinions
expressed in any certificates or opinions furnished to the Paying Agent pursuant to and conforming to the requirements of this Agreement. 

(g) The Paying Agent shall not be liable for any action taken or not taken by it (i) with the consent or at the direction or request of
Requisite Lenders or the Administrative Agent, or (ii) in the absence of its own gross negligence or willful misconduct as determined by a court of competent jurisdiction, no longer subject to appeal or review. 

  
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 (h) The Paying Agent shall not be charged with knowledge of any Default or Event of Default
unless an authorized officer of the Paying Agent obtains actual knowledge of such event or the Paying Agent receives written notice of such event from the Company, the Servicer, any Secured Party or any Agent, as the case may be. The receipt and/or
delivery of reports and other information under this Agreement by the Paying Agent shall not constitute notice or actual or constructive knowledge of any Default or Event of Default contained therein. 

(i) The Paying Agent shall not be required to expend or risk its own funds or otherwise incur financial liability in the performance of any of
its duties hereunder, or in the exercise of any of its rights or powers, if there shall be reasonable grounds for believing that the repayment of such funds or adequate indemnity against such risk or liability shall not be reasonably assured to it,
and none of the provisions contained in this Agreement shall in any event require the Paying Agent to perform, or be responsible for the manner of performance of, any of the obligations of the Company under this Agreement. 

(j) The Paying Agent may rely and shall be protected in acting or refraining from acting upon any resolution, certificate of an Authorized
Officer, any Monthly Servicing Report, certificate of auditors or any other certificate, statement, instrument, opinion, report, notice, request, consent, order, appraisal, bond or other paper or document reasonably believed by it to be genuine and
to have been signed or presented by the proper party or parties. 
 (k) The Paying Agent may consult with counsel of its choice with regard
to legal questions arising out of or in connection with this Agreement and the advice or opinion of such counsel, selected with due care, shall be full and complete authorization and protection in respect of any action taken, omitted or suffered by
the Paying Agent in good faith and in accordance therewith. 
 (l) The Paying Agent shall be under no obligation to exercise any of the
rights, powers or remedies vested in it by this Agreement or to institute, conduct or defend any litigation under this Agreement or in relation to this Agreement, at the request, order or direction of the Administrative Agent or any Agent pursuant
to the provisions of this Agreement, unless the Administrative Agent, on behalf of the Secured Parties, or such Agent shall have offered to the Paying Agent security or indemnity satisfactory to it against the costs, expenses and liabilities that
may be incurred therein or thereby. 
 (m) Except as otherwise expressly set forth in Section 2.21, the Paying Agent shall not
be bound to make any investigation into the facts of matters stated in any resolution, certificate, statement, instrument, opinion, report, notice, request, consent, order, approval, bond or other paper or document, unless requested in writing so to
do by a Lender, a Class A Managing Agent or the Administrative Agent; provided, that if the payment within a reasonable time to the Paying Agent of the costs, expenses or liabilities likely to be incurred by it in the making of such
investigation shall be, in the opinion of the Paying Agent, not reasonably assured by the Company, the Paying Agent may require reasonable indemnity against such cost, expense or liability as a condition to so proceeding. The reasonable expense of
every such examination shall be paid by the Company or, if paid by the Paying Agent, shall be reimbursed by the Company to the extent of funds available therefor pursuant to Section 2.12. 

  
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 (n) The Paying Agent shall not be responsible for the acts or omissions of the Administrative
Agent, the Company, the Servicer, any Agent, any Lender or any other Person. 
 (o) Any Person into which the Paying Agent may be merged or
converted or with which it may be consolidated, or any Person resulting from any merger, conversion or consolidation to which to Paying Agent shall be a party, or any Person succeeding to the business of the Paying Agent, shall be the successor of
the Paying Agent under this Agreement, without the execution or filing of any paper or any further act on the part of any of the parties hereto, anything herein to the contrary notwithstanding. 

(p) The Paying Agent does not assume and shall have no responsibility for, and makes no representation as to, monitoring the value of any
Collateral. 
 (q) If the Paying Agent shall at any time receive conflicting instructions from the Administrative Agent and the Company or
the Servicer or any other party to this Agreement and the conflict between such instructions cannot be resolved by reference to the terms of this Agreement, the Paying Agent shall be entitled to rely on the instructions of the Administrative Agent.
The Paying Agent may rely upon the validity of documents delivered to it, without investigation as to their authenticity or legal effectiveness, and the parties to this Agreement will hold the Paying Agent harmless from any claims that may arise or
be asserted against the Paying Agent because of the invalidity of any such documents or their failure to fulfill their intended purpose. 

(r) The Paying Agent is authorized, in its sole discretion, to disregard any and all notices or instructions given by any other party hereto
or by any other person, firm or corporation, except only such notices or instructions as are herein provided for and orders or process of any court entered or issued with or without jurisdiction. If any property subject hereto is at any time
attached, garnished or levied upon under any court order or in case the payment, assignment, transfer, conveyance or delivery of any such property shall be stayed or enjoined by any court order, or in case any order, judgment or decree shall be made
or entered by any court affecting such property or any part hereof, then and in any of such events the Paying Agent is authorized, in its sole discretion, to rely upon and comply with any such order, writ, judgment or decree, and if it complies with
any such order, writ, judgment or decree it shall not be liable to any other party hereto or to any other person, firm or corporation by reason of such compliance even though such order, writ, judgment or decree maybe subsequently reversed,
modified, annulled, set aside or vacated. 
 (s) The Paying Agent may: (i) terminate its obligations as Paying Agent under this
Agreement (subject to the terms set forth herein) upon at least 30 days’ prior written notice to the Company, the Servicer and the Administrative Agent; provided, however, that, without the consent of the Administrative Agent, such resignation
shall not be effective until a successor Paying Agent reasonably acceptable to the Administrative Agent and Company shall have accepted appointment by the Lenders as Paying Agent, pursuant hereto and shall have agreed to be bound by the terms of
this Agreement; or (ii) be removed at any time by written demand, of 

  
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the Requisite Lenders, delivered to the Paying Agent, the Company and the Servicer. In the event of such termination or removal, the Lenders with the consent of the Company shall appoint a
successor paying. If, however, a successor paying agent is not appointed by the Lenders within ninety (90) days after the giving of notice of resignation, the Paying Agent may petition a court of competent jurisdiction for the appointment of a
successor Paying Agent. 
 (t) Any successor Paying Agent appointed pursuant hereto shall (i) execute, acknowledge, and deliver to the
Company, the Servicer, the Administrative Agent, and to the predecessor Paying Agent an instrument accepting such appointment under this Agreement. Thereupon, the resignation or removal of the predecessor Paying Agent shall become effective and such
successor Paying Agent, without any further act, deed or conveyance, shall become fully vested with all the rights, powers, duties, and obligations of its predecessor as Paying Agent under this Agreement, with like effect as if originally named as
Paying Agent. The predecessor Paying Agent shall upon payment of its fees and expenses deliver to the successor Paying Agent all documents and statements and monies held by it under this Agreement; and the Company and the predecessor Paying Agent
shall execute and deliver such instruments and do such other things as may reasonably be requested for fully and certainly vesting and confirming in the successor Paying Agent all such rights, powers, duties, and obligations. 

(u) The Company shall reimburse the Paying Agent for the reasonable out-of-pocket expenses of the Paying Agent incurred in connection with the
succession of any successor Paying Agent including in transferring any funds in its possession to the successor Paying Agent. 
 (v) The
Paying Agent shall have no obligation to invest and reinvest any cash held in the Controlled Accounts or any other moneys held by the Paying Agent pursuant to this Agreement in the absence of timely and specific written investment direction from
Company. In no event shall the Paying Agent be liable for the selection of investments or for investment losses incurred thereon. The Paying Agent shall have no liability in respect of losses incurred as a result of the liquidation of any investment
prior to its stated maturity or the failure of the Company to provide timely written investment direction. 
 (w) If the Paying Agent shall
be uncertain as to its duties or rights hereunder or shall receive instructions from any of the parties hereto pursuant to this Agreement which, in the reasonable opinion of the Paying Agent, are in conflict with any of the provisions of this
Agreement, the Paying Agent shall be entitled (without incurring any liability therefor to the Company or any other Person) to (i) consult with outside counsel of its choosing and act or refrain from acting based on the advice of such counsel
and (ii) refrain from taking any action until it shall be directed otherwise in writing by all of the parties hereto or by final order of a court of competent jurisdiction. 

(x) The Paying Agent shall incur no liability nor be responsible to Company or any other Person for delays or failures in performance
resulting from acts beyond its control that significantly and adversely affect the Paying Agent’s ability to perform with respect to this Agreement. Such acts shall include, but not be limited to, acts of God, strikes, work stoppages, acts of
terrorism, civil or military disturbances, nuclear or natural catastrophes, or the unavailability of the Federal Reserve Bank wire or telex or other wire or communication facility. 

  
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 (y) The Paying Agent may execute any of its powers hereunder or perform any duties hereunder
either directly or by or through agents or attorneys and the Paying Agent shall not be responsible for any misconduct or negligence on the part of or for the supervision of any agent or attorney appointed with due care by it hereunder. 

(z) The Lenders hereby authorize and direct the Paying Agent to execute and deliver the Undertakings Agreement. 

2.21 Duties of Paying Agent. 

(a) Borrowing Base Reports. Upon receipt of any Borrowing Base Report and the related Borrowing Base Certificate delivered pursuant to
Section 2.1(d)(ii), Section 2.11(c)(vii)(B) or Section 2.11(c)(vii)(C), Paying Agent shall, on the Business Day following receipt of such Borrowing Base Report, to the extent that Paying Agent has access to all
information necessary to perform the duties set forth herein: 
 (i) compare the beginning Eligible Portfolio Outstanding
Principal Balance set forth in such Borrowing Base Report with the aggregate Outstanding Principal Balance of the Eligible Receivables listed in the Master Record and identify any discrepancy; 

(ii) compare the number of Pledged Receivables listed in the Master Record with the number of Pledged Receivables provided to
the Paying Agent by the Custodian pursuant to Section 4.3 of the Custodial Agreement as the number of Pledged Receivables for which the Custodian holds a Receivables File pursuant to the Custodial Agreement and identify any discrepancy; 

(iii) confirm that each Pledged Receivable listed in the Master Record has a unique loan identification number; 

(iv) compare the amount set forth in such Borrowing Base Report as the amount on deposit in the Collection Account with the
amount shown on deposit in the Collection Account and identify any discrepancy; 
 (v) in the case of a Borrowing Base Report
delivered pursuant to Section 2.11(c)(vii)(B) or Section 2.11(c)(vii)(C), recalculate the amount set forth in such Borrowing Base Report as the amount that will be on deposit in the Collection Account after giving effect to
the related repayment of Loans or the related purchase of Eligible Receivables set forth therein and identify any discrepancy; 

(vi) confirm that the Accrued Interest Amount and an estimate of accrued fees as of the date of repayment or the Transfer Date,
as the case may be, multiplied by 105%, is the amount set forth in such Borrowing Base Request as 105% of the estimated amount of accrued interest and fees and identify any discrepancy; 

  
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 (vii) recalculate the Class A Revolving Availability and the Class B
Revolving Availability based on the Class A Borrowing Base and the Class B Borrowing Base set forth in such Borrowing Base Report and the Total Utilization of Class A Revolving Commitments and the Total Utilization of Class B Revolving
Commitments set forth in the Paying Agent’s records and identify any discrepancies; 
 (viii) in the case of a Borrowing
Base Report delivered pursuant to Section 3.3(a)(i), (A) confirm that the Class A Revolving Loans requested in the related Funding Request are not greater than the Class A Revolving Availability and the amount of Class B
Revolving Loans requested in the related Funding Request are not greater than the Class B Revolving Availability and (B) confirm that, after giving effect to such Revolving Loans, the Total Utilization of Class A Revolving Loans will not
exceeds the Class A Revolving Commitments and the Total Utilization of Class B Revolving Loans will not exceed the Class B Revolving Commitments; and 

(xii) notify the Class A Managing Agents and the Class B Lenders of the results of such review. 

(b) Monthly Servicing Reports. Upon receipt of any Monthly Servicing Report delivered pursuant to Section 5.1(e), Paying
Agent shall, to the extent that Paying Agent has access to all information necessary to perform the duties set forth herein: 

(i) compare the Eligible Portfolio Outstanding Principal Balance set forth therein with the aggregate Outstanding Principal
Balance of the Eligible Receivables listed in the Master Record and identify any discrepancy; 
 (ii) confirm the aggregate
repayments of Revolving Loans during the period covered by the Monthly Servicing Report set forth therein with the Borrowing Base Reports delivered to Paying Agent pursuant to Section 2.11(c)(vii)(B) during such period and identify any
discrepancies; 
 (iii) compare the amount set forth therein as the amount on deposit in the Collection Account with the
amount shown on deposit in the Collection Account and identify any discrepancy; 
 (iv) compare the amount of accrued and
unpaid interest and unused fees payable to the Class A Revolving Lenders and the amount of accrued and unpaid interest and unused fees payable to the Class B Revolving Lenders, respectively, set forth therein to the amounts set forth in the
related invoices received by Paying Agent and identify any discrepancies; 
 (v) compare the amount of Servicing Fees payable
to the Servicer set forth therein to the amount set forth in the related invoice received by Paying Agent and identify any discrepancy; 

(vi) compare the amount of Backup Servicing Fees and expenses payable to the Backup Servicer set forth therein to the amounts
set forth in the related invoice received by Paying Agent and identify any discrepancy; 

  
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 (vii) compare the amount of fees and expenses payable to the Custodian set forth
therein to the amounts set forth in the related invoice received by Paying Agent and identify any discrepancy; 
 (viii)
compare the amount of fees and expenses payable to the Collateral Agent set forth therein to the amounts set forth in the related invoice received by Paying Agent and identify any discrepancy; 

(ix) compare the amount of fees and expenses payable to the Paying Agent set forth therein to the amounts set forth in the
related invoice submitted by Paying Agent and identify any discrepancy; 
 (x) recalculate the Class A Revolving
Availability and the Class B Revolving Availability based on the Class A Borrowing Base and the Class B Borrowing Base set forth therein and the Total Utilization of Class A Revolving Commitments and the Total Utilization of Class B
Revolving Commitments set forth in the Paying Agent’s records and identify any discrepancies; and 
 (xi) notify the
Class A Managing Agents and the Class B Lenders of the results of such review. 
 (c) Direct Competitor List. The Paying Agent
shall maintain the List of Direct Competitors described in clause (a) of the definition of “Direct Competitor”, and upon receipt of any update to such list as described in such definition, the Paying Agent shall promptly notify the
Administrative Agent and each Lender of such update (and thereafter the Paying Agent shall maintain the List of Direct Competitors as so updated). 

(d) For the avoidance of doubt, Paying Agent’s sole responsibility with respect to the obligations set forth in Sections 2.21(a) and
(b) is to compare or confirm information in the Borrowing Base Report or Monthly Servicing Report, as applicable, in accordance with Section 2.21 based on the information indicated therein received by Paying Agent from Company, the
Servicer or the Custodian, as the case may be. Paying Agent’s sole responsibility with respect to the obligations set forth in Sections 2.21(c) is to maintain and provide notice of updates to the list described therein as required by the terms
of such Section. 
 2.22 Intention of Parties. It is the intention of the parties that the Loans be characterized as indebtedness for
federal income tax purposes. The terms of the Loans shall be interpreted to further this intention and neither the Lenders nor Company will take an inconsistent position on any federal, state or local tax return. 

 

	SECTION 3.	CONDITIONS PRECEDENT 

 3.1 Conditions Precedent to Effectiveness of the
Existing Credit Agreement. The Existing Credit Agreement became effective on the Original Closing Date subject to the satisfaction of the conditions precedent set forth in Section 3.1 of the Existing Credit Agreement. 

3.2 Conditions Precedent to Effectiveness of the Amended and Restated Credit Agreement. The amendment and restatement of the Existing
Credit Agreement provided for 

  
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hereby shall become effective on the Amendment Effective Date subject to the satisfaction, or waiver in accordance with Section 9.5, of the following conditions on or before the
Amendment Effective Date: 
 (a) Credit Documents and Related Agreements. Each Class A Managing Agent and each Class B
Revolving Lender shall have received copies of this Agreement, the Asset Purchase Agreement, the Servicing Agreement, the Undertakings Agreement, Amendment No. 2 to the Custodial Agreement and each Fee Letter dated as of the Amendment Effective Date
(collectively, the “Credit Document Amendments”), originally executed and delivered by each applicable Person. 
 (b)
Organizational Documents; Incumbency. Each Class A Managing Agent and each Class B Revolving Lender shall have received (i) copies of each Organizational Document executed and delivered by Company and Holdings, as applicable, and, to the
extent applicable, (x) certified as of the Amendment Effective Date or a recent date prior thereto by the appropriate governmental official and (y) certified by its secretary or an assistant secretary as of the Amendment Effective Date, in each case
as being in full force and effect without modification or amendment; (ii) signature and incumbency certificates of the officers of such Person executing the Credit Document Amendments to which it is a party; (iii) resolutions of the Board of
Directors or similar governing body of each of Company and Holdings approving and authorizing the execution, delivery and performance of this Agreement and the other Credit Document Amendments to which it is a party or by which it or its assets may
be bound as of the Amendment Effective Date, certified as of the Amendment Effective Date by its secretary or an assistant secretary as being in full force and effect without modification or amendment; (iv) a good standing certificate from the
applicable Governmental Authority of each of Company and Holdings’ jurisdiction of incorporation, organization or formation and, with respect to Company, in each jurisdiction in which it is qualified as a foreign corporation or other entity to
do business, each dated a recent date prior to the Amendment Effective Date; and (v) such other documents as any Class A Managing Agent or Class B Revolving Lender may reasonably request. 

(c) Organizational and Capital Structure. The organizational structure and capital structure of Holdings and the Company, shall be as
set forth on Schedule 4.2. 
 (d) Transaction Costs. On or prior to the Amendment Effective Date, Company shall have delivered
to Administrative Agent, each Class A Managing Agent and each Class B Lender Company’s reasonable best estimate of the Transaction Costs (other than fees payable to any Agent). 

(e) Governmental Authorizations and Consents. Company and Holdings shall have obtained all Governmental Authorizations and all consents
of other Persons, in each case that are necessary or advisable to be obtained by them, in connection with the transactions contemplated by the Credit Documents and each of the foregoing shall be in full force and effect and in form and substance
reasonably satisfactory to each Class A Managing Agent and each Class B Revolving Lender. All applicable waiting periods shall have expired without any action being taken or threatened by any competent authority which would restrain, prevent or
otherwise impose adverse conditions on the transactions contemplated by the Credit Documents 

  
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or the financing thereof and no action, request for stay, petition for review or rehearing, reconsideration, or appeal with respect to any of the foregoing shall be pending, and the time for any
applicable agency to take action to set aside its consent on its own motion shall have expired. 
 (f) Financial Plan. Each
Class A Managing Agent and each Class B Revolving Lender shall have received from Company the Financial Plan for Fiscal Year 2014 and each Fiscal Year through the final maturity date for the Loans. 

(g) Opinions of Counsel to Company and Holdings. Each Class A Managing Agent and each Class B Revolving Lender and counsel to
Administrative Agent shall have received originally executed copies of the favorable written opinions of DLA Piper (US) LLP, counsel for Company and Holdings, as to such other matters as any Class A Managing Agent or Class B Revolving Lender
may reasonably request, dated as of the Amendment Effective Date and otherwise in form and substance reasonably satisfactory to each Class A Managing Agent and each Class B Revolving Lender (and Company hereby instructs, and Holdings shall
instruct, such counsel to deliver such opinions to Agents and Lenders). 
 (h) Fees. Company shall have paid all fees payable by it
on the Amendment Effective Date pursuant to the Fee Letters (which amounts may be paid with the proceeds of a Credit Extension). 
 (i)
Amendment Effective Date Certificate. Holdings and Company shall have delivered to each Class A Managing Agent and each Class B Revolving Lender an originally executed Amendment Effective Date Certificate, together with all attachments
thereto. 
 (k) No Litigation. There shall not exist any action, suit, investigation, litigation or proceeding or other legal or
regulatory developments, pending or threatened in any court or before any arbitrator or Governmental Authority that, in the reasonable discretion of any Class A Managing Agent or any Class B Revolving Lender, singly or in the aggregate,
materially impairs any of the transactions contemplated by the Credit Documents or that would reasonably be expected to result in a Material Adverse Effect. 

(l) No Material Adverse Change. Since December 31, 2013, no event, circumstance or change shall have occurred that has caused or
evidences, either in any case or in the aggregate, a Material Adverse Effect. 
 (m) No Default or Event of Default. No Default,
Event of Default or Servicer Default shall have occurred and be continuing. 
 (n) Ratings of Commercial Paper. The Class A
Managing Agent for the Gemini Class A Lender Group shall have received, to the extent required, evidence satisfactory to it that this Agreement will not result in a reduction or withdrawal of the rating of the Commercial Paper issued by the
Class A Revolving Conduit Lender in the Gemini Class A Lender Group by any rating agency then rating such Commercial Paper. 
 (o)
Completion of Proceedings. All partnership, corporate and other proceedings taken or to be taken in connection with the transactions contemplated hereby and 

  
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all documents incidental thereto shall be satisfactory in form and substance to each Class A Managing Agent and each Class B Revolving Lender and counsel to Administrative Agent, and each
Class A Managing Agent and each Class B Revolving Lender, and counsel to Administrative Agent shall have received all such counterpart originals or certified copies of such documents as they may reasonably request. 

Each Agent and Lender, by delivering its signature page to this Agreement, shall be deemed to have acknowledged receipt of, and consented to
and approved, each Credit Document and each other document required to be approved by any Agent, Requisite Lenders or Lenders, as applicable on the Closing Date. 

3.3 Conditions to Each Credit Extension. 

(a) Conditions Precedent. The obligation of each Lender to make any Loan on any Credit Date is subject to the satisfaction, or waiver
in accordance with Section 9.5, of the following conditions precedent: 
 (i) Administrative Agent, Paying Agent,
Custodian, each Class A Managing Agent and each Class B Revolving Lender shall have received a fully executed and delivered Funding Notice together with a Borrowing Base Certificate, evidencing sufficient Revolving Availability with respect to
the requested Loans, and a Borrowing Base Report; 
 (ii) both before and after making any Revolving Loans requested on such
Credit Date, the Total Utilization of Class A Revolving Commitments shall not exceed the Class A Borrowing Base and the Total Utilization of Class B Revolving Commitments shall not exceed the Class B Borrowing Base; 

(iii) as of such Credit Date, the representations and warranties contained herein and in the other Credit Documents shall be
true and correct in all material respects on and as of that Credit Date to the same extent as though made on and as of that date, other than those representations and warranties which are qualified by materiality, in which case, such representation
and warranty shall be true and correct in all respects on and as of that Credit Date, except, in each case, to the extent such representations and warranties specifically relate to an earlier date, in which case such representations and warranties
shall have been true and correct in all material respects, or true and correct in all respects, as the case may be on and as of such earlier date, provided, that the representations and warranties in any Original Borrowing Base Certificate shall be
excluded from the certification in this Section 3.3(a)(iii) to the extent a Replacement Borrowing Base Certificate has been delivered in substitute thereof in accordance with Section 2.1(d)(ii); 

(iv) as of such Credit Date, no event shall have occurred and be continuing or would result from the consummation of the
applicable Credit Extension that would constitute an Event of Default or a Default; 
 (v) the Administrative Agent, Paying
Agent, each Class A Managing Agent and each Class B Revolving Lender shall have received the Borrowing Base Report for the Business Day prior to the Credit Date which shall be delivered on a pro forma basis for the first Credit Date hereunder;

  
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 (vi) as of such Credit Date, no Key Person Event shall have occurred; and 

(vii) in accordance with the terms of the Custodial Agreement, Company has delivered, or caused to be delivered to the
Custodian, the Receivable File related to each Receivable that is, on such Credit Date, being transferred and delivered to Company pursuant to the Asset Purchase Agreement, and the Collateral Agent has received a Collateral Receipt and Exception
Report from the Custodian, which Collateral Receipt and Exception Report is acceptable to the Collateral Agent in its Permitted Discretion. 
 Any Agent or
Requisite Lenders shall be entitled, but not obligated to, request and receive, prior to the making of any Credit Extension, additional information reasonably satisfactory to the requesting party confirming the satisfaction of any of the foregoing
if, in the Permitted Discretion of such Agent or Requisite Lenders such request is warranted under the circumstances. 
 Notwithstanding anything contained
herein to the contrary, the Paying Agent shall not be responsible or liable for determining whether any conditions precedent to making a Loan have been satisfied. 

(b) Notices. Any Funding Notice shall be executed by an Authorized Officer in a writing delivered to Administrative Agent, Paying
Agent, each Class A Managing Agent and each Class B Revolving Lender. 
  

	SECTION 4.	REPRESENTATIONS AND WARRANTIES 

 In order to induce Agents and Lenders to enter into this
Agreement and to make each Credit Extension to be made thereby, Company represents and warrants to each Agent and Lender that each and every of its representations and warranties contained in the Existing Credit Agreement was true and correct as of
the Original Closing Date and each Credit Date prior to the Amendment Effective Date (excluding any representation and warranty contained in Section 4.7 breached by Company as a result of the breach by Holdings of a representation and
warranty contained in Part 1 of Schedule A to the Asset Purchase Agreement if Holdings shall have (or will, if requested in accordance with Section 3.01(b) of the Asset Purchase Agreement) satisfied its obligations in respect of such breach
under Section 3.01(b) of the Asset Purchase Agreement), and on the Amendment Effective Date, each Credit Date after the Amendment Effective Date and on each Transfer Date, that the following statements are true and correct: 

4.1 Organization; Requisite Power and Authority; Qualification; Other Names. Company (a) is duly organized or formed, validly
existing and in good standing under the laws of its jurisdiction of organization or formation as identified in Schedule 4.1, (b) has all requisite power and authority to own and operate its properties, to carry on its business as now
conducted and as proposed to be conducted, to enter into the Credit Documents to which it is a party and to carry out the transactions contemplated thereby, and (c) is qualified to do business and in good

  
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standing in every jurisdiction where its assets are located and wherever necessary to carry out its business and operations, except in jurisdictions where the failure to be so qualified or in
good standing has not had, and would not reasonably be expected to result in a Material Adverse Effect. Company does not operate or do business under any assumed, trade or fictitious name. Company has no Subsidiaries. 

4.2 Capital Stock and Ownership. The Capital Stock of Company has been duly authorized and validly issued and is fully paid and non-assessable. As of the date hereof, there is no existing option, warrant, call, right, commitment or other agreement to which Company is a party requiring, and there is no membership interest or other Capital
Stock of Company outstanding which upon conversion or exchange would require, the issuance by Company of any additional membership interests or other Capital Stock of Company or other Securities convertible into, exchangeable for or evidencing the
right to subscribe for or purchase, a membership interest or other Capital Stock of Company. Schedule 4.2 correctly sets forth the ownership interest of Company as of the Amendment Effective Date. 

4.3 Due Authorization. The execution, delivery and performance of the Credit Documents to which Company is a party have been duly
authorized by all necessary action of Company. 
 4.4 No Conflict. The execution, delivery and performance by Company of the Credit
Documents to which it is party and the consummation of the transactions contemplated by the Credit Documents do not and will not (a) violate in any material respect any provision of any law or any governmental rule or regulation applicable to
Company, any of the Organizational Documents of Company, or any order, judgment or decree of any court or other Governmental Authority binding on Company; (b) conflict with, result in a breach of or constitute (with due notice or lapse of time
or both) a default under any Contractual Obligation of Company; (c) result in or require the creation or imposition of any Lien upon any of the properties or assets of Company (other than any Permitted Liens); or (d) require any approval
of stockholders, members or partners or any approval or consent of any Person under any Contractual Obligation of Company, except for such approvals or consents which have been obtained. 

4.5 Governmental Consents. The execution, delivery and performance by Company of the Credit Documents to which Company is a party and
the consummation of the transactions contemplated by the Credit Documents do not and will not require any registration with, consent or approval of, or notice to, or other action to, with or by, any Governmental Authority except for filings and
recordings with respect to the Collateral to be made, or otherwise delivered to Collateral Agent for filing and/or recordation, as of the Original Closing Date other than (a) those that have already been obtained and are in full force and
effect, or (b) any consents or approvals the failure of which to obtain will not have a Material Adverse Effect. 
 4.6 Binding
Obligation. Each Credit Document to which Company is a party has been duly executed and delivered by Company and is the legally valid and binding obligation of Company, enforceable against Company in accordance with its respective terms, except
as may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable principles relating to enforceability. 

  
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 4.7 Eligible Receivables. Each Receivable that is identified by Company as an Eligible
Receivable in a Borrowing Base Certificate satisfies all of the criteria set forth in the definition of Eligibility Criteria (other than any Receivable identified as an Eligible Receivable in any Original Borrowing Base Certificate to the extent a
Replacement Borrowing Base Certificate has been delivered in substitute thereof in accordance with Section 2.1(d)(ii)). 
 4.8
Historical Financial Statements. The Historical Financial Statements and any financial statements delivered to the Agents and the Lenders pursuant Section 5.1(b) or (c) after the Amendment Effective Date were prepared in
conformity with GAAP and fairly present, in all material respects, the financial position, on a consolidated basis, of the Persons described in such financial statements as at the respective dates thereof and the results of operations and cash
flows, on a consolidated basis, of the entities described therein for each of the periods then ended, subject, in the case of any such unaudited financial statements, to changes resulting from audit and normal
year-end adjustments. 
 4.9 Financial Plan. On and as of the Amendment Effective Date, the
projections set forth in the Financial Plan delivered prior to the Amendment Effective Date are based on good faith estimates and assumptions made by the management of Holdings; provided, the projections are not to be viewed as facts and that actual
results during the period or periods covered by the projections may differ from such projections and that the differences may be material; provided further, as of the Amendment Effective Date, the management of Holdings believed that the projections
were reasonable and attainable. 
 4.10 No Material Adverse Effect. Since December 31, 2013, no event, circumstance or change
has occurred that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect. 
 4.11 Adverse
Proceedings, etc. There are no Adverse Proceedings (other than counter claims relating to ordinary course collection actions by or on behalf of Company) pending against Company that challenges Company’s right or power to enter into or
perform any of its obligations under the Credit Documents to which it is a party or that individually or in the aggregate are material to Company. Company is not (a) in violation of any applicable laws in any material respect, or
(b) subject to or in default with respect to any judgments, writs, injunctions, decrees, rules or regulations of any court or any federal, state, municipal or other Governmental Authority. 

  
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 4.12 Payment of Taxes. Except as otherwise permitted under Section 5.3, all
material tax returns and reports of Company required to be filed by it have been timely filed, and all material taxes shown on such tax returns to be due and payable and all assessments, fees and other governmental charges upon Company and upon its
properties, assets, income, businesses and franchises which are due and payable have been paid when due and payable except those which are being contested in good faith by appropriate proceedings diligently conducted and for which adequate reserves
have been provided in accordance with GAAP. Company knows of no proposed tax assessment against Company which is not being actively contested by Company in good faith and by appropriate proceedings; provided, such reserves or other
appropriate provisions, if any, as shall be required in conformity with GAAP shall have been made or provided therefor. 
 4.13 Title to
Assets. Company has no fee, leasehold or other property interests in any real property assets. Company has good and valid title to all of its assets reflected in the most recent financial statements delivered pursuant to Section 5.1.
Except as permitted by this Agreement, all such properties and assets are free and clear of Liens. All Liens purported to be created in any Collateral pursuant to any Collateral Document in favor of Collateral Agent are First Priority Liens. 

4.14 No Indebtedness. Company has no Indebtedness, other than Indebtedness incurred under (or contemplated by) the terms of this
Agreement or otherwise permitted hereunder. 
 4.15 No Defaults. Company is not in default in the performance, observance or
fulfillment of any of the obligations, covenants or conditions contained in any of its Contractual Obligations, and no condition exists which, with the giving of notice or the lapse of time or both, could constitute such a default, except where the
consequences, direct or indirect, of such default or defaults, if any, would not reasonably be expected to result in a Material Adverse Effect. 

4.16 Material Contracts. Company is not a party to any Material Contracts. 

4.17 Government Contracts. Company is not a party to any contract or agreement with any Governmental Authority, and the Pledged
Receivables are not subject to the Federal Assignment of Claims Act (31 U.S.C. Section 3727) or any similar state or local law. 

4.18 Governmental Regulation. Company is not subject to regulation under the Public Utility Holding Company Act of 2005, the Federal
Power Act or the Investment Company Act of 1940 or under any other federal or state statute or regulation which may limit its ability to incur Indebtedness or which may otherwise render all or any portion of the Obligations unenforceable. Company is
not a “registered investment company” or a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are defined in the
Investment Company Act of 1940. 
 4.19 Margin Stock. Company is not engaged principally, or as one of its important activities, in
the business of extending credit for the purpose of purchasing or carrying any Margin Stock. No part of the proceeds of the Loans made to Company will be used to purchase or carry any such Margin Stock or to extend credit to others for the purpose
of purchasing or carrying any such Margin Stock or for any purpose that violates, or is inconsistent with, the provisions of Regulation T, U or X of the Board of Governors of the Federal Reserve System. 

  
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 4.20 Employee Benefit Plans. No ERISA Event has occurred or is reasonably expected to
occur that, when taken together with all other such ERISA Events for which liability is reasonably expected to occur, would reasonably be expected to result in a Material Adverse Effect. Company does not maintain or contribute to any Employee
Benefit Plan. 
 4.21 Certain Fees. No broker’s or finder’s fee or commission will be payable with respect hereto or any of
the transactions contemplated hereby. 
 4.22 Solvency; Fraudulent Conveyance. Company is and, upon the incurrence of any Credit
Extension by Company on any date on which this representation and warranty is made, will be, Solvent. Company is not transferring any Collateral with any intent to hinder, delay or defraud any of its creditors. Company shall not use the proceeds
from the transactions contemplated by this Agreement to give preference to any class of creditors. Company has given fair consideration and reasonably equivalent value in exchange for the sale of the Receivables by Holdings under the Asset Purchase
Agreement. 
 4.23 Compliance with Statutes, etc. Company is in compliance in all material respects with all applicable statutes,
regulations and orders of, and all applicable restrictions imposed by, all Governmental Authorities, in respect of the conduct of its business and the ownership of its property. 

4.24 Matters Pertaining to Related Agreements. 

(a) Delivery. Company has delivered, or caused to be delivered, to each Agent and each Lender complete and correct copies of
(i) each Related Agreement and of all exhibits and schedules thereto as of the Original Closing Date, and (ii) copies of any material amendment, restatement, supplement or other modification to or waiver of each Related Agreement entered
into after the Original Closing Date. 
 (b) The Asset Purchase Agreement creates a valid transfer and assignment to Company of all right,
title and interest of Holdings in and to all Pledged Receivables and all Related Security conveyed to Company thereunder and Company has a First Priority perfected security interest therein. Company has given reasonably equivalent value to Holdings
in consideration for the transfer to Company by Holdings of the Pledged Receivables and Related Security pursuant to the Asset Purchase Agreement. 

(c) Each Receivables Program Agreement creates a valid transfer and assignment to Holdings of all right, title and interest of the Receivables
Account Bank in and to all Receivables and Related Security conveyed or purported to be conveyed to Holdings thereunder. Holdings has given reasonably equivalent value to the Receivables Account Bank in consideration for the transfer to Holdings by
the Receivables Account Bank of the Receivables and Related Security pursuant to the applicable Receivables Program Agreement. 
 4.25
Disclosure. No documents, certificates, written statements or other written information furnished to Lenders by or on behalf of Holdings or Company for use in connection 

  
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with the transactions contemplated hereby, taken as a whole, contains any untrue statement of a material fact, or taken as a whole, omits to state a material fact (known to Holdings or Company,
in the case of any document not furnished by either of them) necessary in order to make the statements contained therein not misleading in light of the circumstances in which the same were made, provided, that, projections and pro
forma financial information contained in such materials were prepared based upon good faith estimates and assumptions believed by the preparer thereof to be reasonable at the time made, it being recognized by Lenders that such projections as to
future events are not to be viewed as facts and that actual results during the period or periods covered by any such projections may differ from the projected results and such differences may be material. 

4.26 Patriot Act. To the extent applicable, Company and Holdings are in compliance, in all material respects, with the (a) Trading
with the Enemy Act, as amended, and each of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V, as amended) and any other enabling legislation or executive order relating
thereto, and (b) Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA Patriot Act of 2001) (the “Act”). No part of the proceeds of the Loans will be used, directly
or indirectly, for any payments to any governmental official or employee, political party, official of a political party, candidate for political office, or anyone else acting in an official capacity, in order to obtain, retain or direct business or
obtain any improper advantage, in violation of the United States Foreign Corrupt Practices Act of 1977, as amended to the date hereof and from time to time hereafter, and any successor statute. 

4.27 Remittance of Collections. Company represents and warrants that each remittance of Collections by it hereunder to any Agent, any
Class A Managing Agent or any Lender hereunder will have been (a) in payment of a debt incurred by Company in the ordinary course of business or financial affairs of Company and (b) made in the ordinary course of business or financial
affairs. 
  

	SECTION 5.	AFFIRMATIVE COVENANTS 

 Company covenants and agrees that until the Termination Date,
Company shall perform (or cause to be performed, as applicable) all covenants in this Section 5. 
 5.1 Financial Statements
and Other Reports. Unless otherwise provided below, Company or its designee will deliver to each Agent and each Lender: 
 (a)
Monthly Reports. Prior to the consummation of the Initial Public Equity Offering, as soon as available, and in any event within thirty (30) days after the end of each month (including any month in which the Original Closing Date
occurred), the consolidated balance sheet of (i) Holdings and (ii) Company as at the end of such month and the related consolidated statements of income, consolidated statements of stockholders’ equity and consolidated statements of
cash flows of Holdings and Company, in each case for such month and for the period from the beginning of the then current Fiscal Year to the end of such month, setting forth in each case in comparative form the corresponding figures for the
corresponding periods of the previous Fiscal Year, all in reasonable detail, together with a schedule of reconciliations for any reclassifications with respect to prior months or periods (and, in 

  
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connection therewith, copies of any restated financial statements for any impacted month or period) a Financial Officer Certification with respect thereto and any other operating reports prepared
by the management of Holdings for such period as may be reasonably requested by any Agent or Lender; 
 (b) Quarterly Financial
Statements. Promptly after becoming available, and in any event within forty-five (45) days (or, with respect to the fourth Fiscal Quarter of each Fiscal Year, sixty (60) days) after the end of each Fiscal Quarter of each Fiscal Year,
the consolidated balance sheet of (i) Holdings and (ii) Company, in each case, as at the end of such Fiscal Quarter and the related consolidated statements of income, stockholders’ equity and cash flows of Holdings and Company, in
each case, for such Fiscal Quarter and for the period from the beginning of the then current Fiscal Year to the end of such Fiscal Quarter, setting forth in each case in comparative form the corresponding figures for the corresponding periods of the
previous Fiscal Year, all in reasonable detail, together with a Financial Officer Certification with respect thereto and, prior to the consummation of the Initial Public Equity Offering, any other operating reports prepared by the management of
Holdings for such period as may be reasonably requested by any Agent or Lender; 
 (c) Annual Financial Statements. As soon as
available, and in any event within one hundred twenty (120) days after the end of each Fiscal Year, (i) the consolidated balance sheets of (A) Holdings and (B) Company, in each case, as at the end of such Fiscal Year and the
related consolidated statements of income, stockholders’ equity and cash flows of Holdings and Company, in each case, for such Fiscal Year, setting forth in each case in comparative form the corresponding figures for the previous Fiscal Year,
in reasonable detail, together with a Financial Officer Certification with respect thereto; and (ii) with respect to such consolidated financial statements a report thereon of Ernst & Young LLP or other independent certified public
accountants of recognized national standing selected by Holdings, and reasonably satisfactory to the Administrative Agent (which report shall be unqualified (other than any qualification related solely to the potential inability of Company to
refinance the Obligations prior to the Revolving Commitment Termination Date) as to going concern and scope of audit, and shall state that such consolidated financial statements fairly present, in all material respects, the consolidated financial
position of Holdings as at the dates indicated and the results of their operations and their cash flows for the periods indicated in conformity with GAAP applied on a basis consistent with prior years (except as otherwise disclosed in such financial
statements) and that the examination by such accountants in connection with such consolidated financial statements has been made in accordance with generally accepted auditing standards) (such report shall also include (x) a detailed summary of
any audit adjustments; (y) a reconciliation of any audit adjustments or reclassifications to the previously provided monthly or quarterly financials; and (z) restated monthly or quarterly financials for any impacted periods); 

(d) Compliance Certificates. Together with each delivery of financial statements of each of Holdings and Company pursuant to
Sections 5.1(b) and 5.1(c), a duly executed and completed Compliance Certificate; 
 (e) Statements of Reconciliation after
Change in Accounting Principles. If, as a result of any change in accounting principles and policies from those used in the preparation 

  
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of the Historical Financial Statements, the consolidated financial statements of (i) Holdings and (ii) Company delivered pursuant to Section 5.1(b) or 5.1(c) will
differ in any material respect from the consolidated financial statements that would have been delivered pursuant to such subdivisions had no such change in accounting principles and policies been made, then, together with the first delivery of such
financial statements after such change, one or more statements of reconciliation for all such prior financial statements in form and substance reasonably satisfactory to Administrative Agent; 

(f) Collateral Reporting. 

(i) On each Monthly Reporting Date, with each Funding Notice, and at such other times as any Agent or Lender shall request in
its Permitted Discretion, a Borrowing Base Certificate (calculated as of the close of business of the previous Monthly Period or as of a date no later than three (3) Business Days prior to such request), together with a reconciliation to the
most recently delivered Borrowing Base Certificate and Borrowing Base Report, in form and substance reasonably satisfactory to Administrative Agent, Paying Agent, each Class A Managing Agent and each Class B Revolving Lender. Each Borrowing
Base Certificate delivered to Administrative Agent, Paying Agent, each Class A Managing Agent and each Class B Revolving Lender shall bear a signed statement by an Authorized Officer certifying the accuracy and completeness in all material
respects of all information included therein. The execution and delivery of a Borrowing Base Certificate (other than any Original Borrowing Base Certificate to the extent a Replacement Borrowing Base Certificate has been delivered in substitute
thereof in accordance with Section 2.1(d)(ii)) shall in each instance constitute a representation and warranty by Company to Administrative Agent, Paying Agent, each Class A Managing Agent and each Class B Revolving Lender that each
Receivable included therein as an “Eligible Receivable” is, in fact, an Eligible Receivable. In the event any request for a Loan, or a Borrowing Base Certificate or other information required by this Section 5.1(f) is delivered
to Administrative Agent, Paying Agent, each Class A Managing Agent and each Class B Revolving Lender by Company electronically or otherwise without signature, such request, or such Borrowing Base Certificate or other information shall, upon
such delivery, be deemed to be signed and certified on behalf of Company by an Authorized Officer and constitute a representation to Administrative Agent, Paying Agent, each Class A Managing Agent and each Class B Revolving Lender as to the
authenticity thereof. The Administrative Agent shall have the right to review and adjust any such calculation of the Borrowing Base to reflect exclusions from Eligible Receivables or such other matters as are necessary to determine the Borrowing
Base, but in each case only to the extent the Administrative Agent is expressly provided such discretion by this Agreement. 

(ii) On each Monthly Reporting Date, (A) the Monthly Servicing Report to Administrative Agent, Paying Agent, each
Class A Managing Agent and each Class B Revolving Lender on the terms and conditions set forth in the Servicing Agreement, and (B) the Master Record to the Paying Agent. Notwithstanding any other provision of the Credit Documents, no
Lender or Agent (other than the Paying Agent) shall have a right to receive the Master Record. 

  
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 (g) Legal Update. Together with each delivery of a Compliance Certificate pursuant to
Section 5.1(d) and otherwise promptly upon any Authorized Officer’s knowledge thereof, written notice of the occurrence of any material legal developments reasonably expected to have a significant adverse impact on Holdings’
commercial loan program (or, if there are no such material legal developments since the last update provided by Company pursuant to this Section 5.1(g), a written confirmation that there are no such legal developments since such last update).

 (h) Notice of Default. Promptly upon an Authorized Officer of Company obtaining knowledge (i) of any condition or event that
constitutes a Default or an Event of Default or that notice has been given to Holdings or Company with respect thereto; (ii) that any Person has given any notice to Holdings or Company or taken any other action with respect to any event or
condition set forth in Section 7.1(b); or (iii) of the occurrence of any event or change that has caused or evidences, either in any case or in the aggregate, a Material Adverse Effect, a certificate of its Authorized Officers
specifying the nature and period of existence of such condition, event or change, or specifying the notice given and action taken by any such Person and the nature of such claimed Event of Default, Default, default, event or condition, and what
action Holdings or Company, as applicable, has taken, is taking and proposes to take with respect thereto; 
 (i) Notice of
Litigation. Promptly upon an Authorized Officer of Company obtaining knowledge of an Adverse Proceeding not previously disclosed in writing by Company to Lenders or any material development in any such Adverse Proceeding (including any adverse
ruling or significant adverse development in any Adverse Proceeding) that would be reasonably expected to have a significant adverse impact on Company or Holdings or any Subsidiary thereof, written notice thereof together with such other information
as may be reasonably available to Company or Holdings to enable Lenders and their counsel to evaluate such matters; 
 (j) ERISA.
(i) Promptly upon an Authorized Officer of Company becoming aware of the occurrence of or forthcoming occurrence of any ERISA Event, a written notice specifying the nature thereof, what action Holdings, any of its Subsidiaries or any of their
respective ERISA Affiliates has taken, is taking or proposes to take with respect thereto and, when known, any action taken or threatened by the Internal Revenue Service, the Department of Labor or the PBGC with respect thereto; and (ii) with
reasonable promptness, copies of (1) each Schedule SB (Actuarial Information) to the annual report (Form 5500 Series) filed by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates with the Internal Revenue
Service with respect to each affected Pension Plan; (2) all notices received by Holdings, any of its Subsidiaries or any of their respective ERISA Affiliates from a Multiemployer Plan sponsor concerning an ERISA Event; and (3) copies of
such other documents or governmental reports or filings relating to any affected Employee Benefit Plan of Holdings or any of its Subsidiaries thereof, or, with respect to any affected Pension Plan or affected Multiemployer Plan, any of their
respective ERISA Affiliates (with respect to an affected Multiemployer Plan, to the extent that Holdings or the Subsidiary or ERISA Affiliate, as applicable, has rights to access such documents, reports or filings), as any Agent or Lender shall
reasonably request; 
 (k) Financial Plan. Prior to the consummation of the Initial Public Equity Offering, as soon as practicable
and in any event no later than thirty (30) days after the 

  
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beginning of each Fiscal Year, a consolidated plan and financial forecast for such Fiscal Year and each Fiscal Year (or portion thereof) through the final maturity date of the Loans (a
“Financial Plan”), including (i) a forecasted consolidated balance sheet and forecasted consolidated statements of income and cash flows of Holdings and its Subsidiaries for each such Fiscal Year, together with pro forma Compliance
Certificates for each such Fiscal Year and an explanation of the assumptions on which such forecasts are based, (ii) forecasted consolidated statements of income and cash flows of Holdings and its Subsidiaries for each month of each such Fiscal
Year, (iii) forecasts demonstrating projected compliance with the Financial Covenants through the final maturity date of the Loans, and (iv) forecasts demonstrating adequate liquidity through the final maturity date of the Loans, in each
case in form and substance reasonably satisfactory to Agents and forecasted in accordance with GAAP, other than cash flows, which may be forecasted in accordance with the usual and customary accounting practices of Holdings); 

(l) Notice of Change in Board of Directors. Subject to Section 6.15, with reasonable promptness, and in any event within five
(5) Business Days, written notice to each Agent and Lender of any change in the board of directors (or similar governing body) of Company; 

(m) Information Regarding Collateral. Prior written notice to Collateral Agent of any change (i) in Company’s corporate name,
(ii) in Company’s identity, corporate structure or jurisdiction of organization, or (iii) in Company’s Federal Taxpayer Identification Number. Company agrees not to effect or permit any change referred to in the preceding
sentence unless all filings have been made under the UCC or otherwise that are required in order for Collateral Agent to continue at all times following such change to have a valid, legal and perfected security interest in all the Collateral and for
the Collateral at all times following such change to have a valid, legal and perfected security interest as contemplated in the Collateral Documents; 

(n) Public Reporting. After the consummation of the Initial Public Equity Offering, the obligations in Sections 5.1(a) and
(b) in respect of Holdings’ financial statements may be satisfied by furnishing, at the option of Holdings, the applicable financial statements as described above or Holdings’ Annual Report on Form 10-K or Holdings’
Quarterly Report on Form 10-Q, as filed with the SEC, as applicable; 
 (o) Other Information. 

(i) Prior to the consummation of the Initial Public Equity Offering, promptly upon their becoming available, and in each case
to the extent not otherwise provided hereunder, copies of all material reports, including all year-end summaries, annual reports, budgets, business plans, a quarterly delivery of Holdings’ capitalization table, written consents or matters
pertaining to a vote of security holders sent generally by Holdings to its security holders acting in such capacity or by any Subsidiary of Holdings to its security holders other than Holdings or another Subsidiary of Holdings; 

(ii) not later than Friday of each week (or if such day is not a Business Day, the immediately preceding Business Day) in which
a Borrowing Base Report has not otherwise been delivered hereunder, a Borrowing Base Report; and 
 (iii) such material
information and data with respect to Holdings or any of its Subsidiaries as from time to time may be reasonably requested by any Agent or Lender, in each case, which relate to Company’s or Holdings’ financial or business condition or the
Collateral. 

  
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 5.2 Existence. Except as otherwise permitted under Section 6.8, Company will
at all times preserve and keep in full force and effect its existence and all rights and franchises, licenses and permits material to its business. 

5.3 Payment of Taxes and Claims. Company will pay all material Taxes imposed upon it or any of its properties or assets or in respect
of any of its income, businesses or franchises before any penalty or fine accrues thereon, and all claims (including claims for labor, services, materials and supplies) for sums that have become due and payable and that by law have or may become a
Lien upon any of its properties or assets, prior to the time when any penalty or fine shall be incurred with respect thereto; provided, no such Tax or claim need be paid if it is being contested in good faith by appropriate proceedings
promptly instituted and diligently conducted, so long as (a) adequate reserve or other appropriate provision, as shall be required in conformity with GAAP shall have been made therefor, and (b) in the case of a Tax or claim which has or
may become a Lien against any of the Collateral, such contest proceedings conclusively operate to stay the sale of any portion of the Collateral to satisfy such Tax or claim. Company will not file or consent to the filing of any consolidated income
tax return with any Person (other than Holdings or any of its Subsidiaries). In addition, Company agrees to pay to the relevant Governmental Authority in accordance with applicable law any current or future stamp or documentary taxes or any other
excise or property taxes, charges or similar levies (including, without limitation, mortgage recording taxes, transfer taxes and similar fees) imposed by any Governmental Authority that arise from any payment made hereunder or from the execution,
delivery or registration of, or otherwise with respect to, this Agreement or any Credit Document. 
 5.4 Insurance. Company shall
cause Holdings to maintain or cause to be maintained, with financially sound and reputable insurers, (a) all insurance required to be maintained under the Servicing Agreement, (b) business interruption insurance reasonably satisfactory to
Administrative Agent, and (c) casualty insurance, such public liability insurance, third party property damage insurance with respect to liabilities, losses or damage in respect of the assets, properties and businesses of Holdings and its
Subsidiaries as may customarily be carried or maintained under similar circumstances by Persons of established reputation engaged in similar businesses, in each case in such amounts (giving effect to
self-insurance), with such deductibles, covering such risks and otherwise on such terms and conditions as shall be customary for such Persons. Each Agent and Lender hereby agrees and acknowledges that the
insurance maintained by Holdings on the Original Closing Date satisfies the requirements set forth in this Section 5.4. 

5.5 Inspections; Compliance Audits; Regulatory Review. 

(a) Company will permit or cause to be permitted, as applicable, any authorized representatives designated by any Agent or any Lender to visit
and inspect any of the properties of Company or Holdings, at any time, and from time to time upon reasonable advance notice and during normal working hours, to (i) inspect, copy and take extracts from its

  
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financial and accounting records, and to discuss its affairs, finances and accounts with any Person, including, without limitation, employees of Company or Holdings and independent public
accountants and (ii) verify the compliance by Company or Holdings with the Credit Agreement, the other Credit Documents and/or the Underwriting Policies, as applicable. Company agrees to pay Agents’ then customary charge for field
examinations and audits and the preparation of reports thereof performed or prepared (A) at any time during the existence of a Default or an Event of Default and (B) otherwise up to three (3) times in any calendar year, provided
Company shall not be obligated to pay more than $150,000 in the aggregate during any twelve-month period in connection with any examination or audit described in this Section 5.5(a)(ii)(B). If any Agent engages any independent certified
public accountants or other third-party provider to prepare any such report, such Agent shall make such report available to any Class A Manager or Lender, upon request, provided, that delivery of any such report may be conditioned on prior
receipt by such independent certified public accountants or other third party provider of the acknowledgements and agreements that such independent certified public accountants or third party provider customarily requires of recipients of reports of
that kind. 
 (b) At any time during the existence of an Event of Default and otherwise one (1) time in any calendar quarter, the
Administrative Agent or its designee, may, at Company’s expense, perform a compliance review (a “Compliance Review”) with five (5) Business Days’ prior written notice to verify the compliance by Company and Holdings
with Requirements of Law related to the Pledged Receivables and to review the materials prepared in accordance with Section 5.5(d). Company shall, and shall cause Holdings to, cooperate with all reasonable requests and provide the
Administrative Agent with all necessary assistance and information in connection with each such Compliance Review. In connection with any such Compliance Review, Company will permit any authorized representatives designated by the Administrative
Agent to review Company’s form of Receivable Agreements, Underwriting Policies, information processes and controls, compliance practices and procedures and marketing materials (“Materials”). Such authorized representatives may
make written recommendations regarding Company’s compliance with applicable Requirements of Law, and Company shall consult in good faith with the Administrative Agent regarding such recommendations. In connection with any Compliance Review
pursuant to this Section 5.5(b), the Administrative Agent agrees to use a single regulatory counsel. 
 (c) In connection with
any inspection pursuant to Section 5.5(a) or a Compliance Review, the Administrative Agent or its designee may contact a Receivables Obligor as reasonably necessary to perform such inspection or Compliance Review, as the case may be,
provided, however, that such contact shall be made in the name of, and in cooperation with, Holdings and Company, unless Holdings (i) has failed to so cooperate for at least ten (10) Business Days after receiving a written
request from the Administrative Agent requesting such cooperation, or (ii) is no longer the “Servicer” under the Servicing Agreement. 

5.6 Lenders Meetings. Company shall, and shall cause Holdings to, upon the request of Administrative Agent or Requisite Lenders,
participate in a meeting of Administrative Agent and Lenders once during each Fiscal Year to be held at Company’s corporate offices (or at such other location as may be agreed to by Company and Administrative Agent) at such time as may be
agreed to by Company and Administrative Agent. 

  
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 5.7 Compliance with Laws. Company shall, and shall cause Holdings to, comply with the
Requirements of Law, noncompliance with which would reasonably be expected to have, individually or in the aggregate, a Material Adverse Effect. 

5.8 Separateness. Company shall at all times comply with Section 5(d), Section 7, Sections 9(e) and (f), Section 10,
Section 28, Section 30 and Section 31 (or any successor sections) of the Limited Liability Company Agreement, and shall not violate or cause to be violated the assumptions made with respect to Company in any opinion letter pertaining
to substantive consolidation delivered to Lenders in connection with the Credit Documents. 
 5.9 Further Assurances. At any time or
from time to time upon the request of any Agent or Lender, Company will, at its expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as such Agent or Lender may reasonably request in order to
effect fully the purposes of the Credit Documents, including providing Lenders with any information reasonably requested pursuant to Section 9.21. In furtherance and not in limitation of the foregoing, Company shall take such actions as
the Administrative Agent or any Class A Revolving Lender may reasonably request from time to time to ensure that the Obligations are secured by substantially all of the assets of Company. 

5.10 Communication with Accountants. Company authorizes Administrative Agent to communicate directly with Company’s independent
certified public accountants and authorizes and shall instruct such accountants to communicate directly with Administrative Agent and authorizes such accountants to (and, upon Administrative Agent’s request therefor (at the request of any
Agent), shall request that such accountants) communicate to Administrative Agent information relating to Company with respect to the business, results of operations and financial condition of Company (including the delivery of audit drafts and
letters to management), provided that advance notice of such communication is given to Company, and Company is given a reasonable opportunity to cause an officer to be present during any such communication. Company agrees that the Administrative
Agent may communicate with Company’s independent certified public accountants pursuant to this Section 5.9 (a) at any time (i) during the existence of a Default or an Event of Default, (ii) upon any event or circumstance
which has a Material Adverse Effect or (iii) upon any material change (as determined by the Administrative Agent in its Permitted Discretion) in Holdings’ or Company’s accounting principles and policies and (b) otherwise, up to
two (2) times in any calendar year. The failure of Company to be present during such communication after given such reasonable opportunity shall in no way impair the rights of the Administrative Agent under this Section 5.9. 

5.11 Special Covenants Regarding CRR Compliance. Holdings, in its capacity as sole member of Company, represents that, on the Original
Closing Date, its membership interest in the Borrower (the “Retained Interest”) represents a net economic interest in the Receivables which is not less than 5% of the aggregate Outstanding Principal Balance of the Receivables,
except to the extent permitted under the Risk Retention Requirements, and the Retained Interest takes the form of the first loss tranche in accordance with Article 404(1)(d) of the CRR, as represented by overcollateralization with respect to each
Receivable. Holdings agrees that, from the Original Closing Date until the Termination Date, it shall, for the benefit of each Lender and each Class A Managing Agent and each holding company of any Lender or any Class A Managing Agent that
is required to comply with the requirements of the CRR, unless each such 

  
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Class A Managing Agent shall otherwise consent in writing: (a) hold such membership interest on an ongoing basis until the Termination Date; provided, that Holdings shall not be restricted
by this Section 5.10(a) from transferring one or more senior interests in the membership interest, so long as it maintains the most subordinate interest in such membership interest and such subordinate interest satisfies the requirements
of Article 404(1)(d) of the CRR (the “Minimum Retained Membership Interest”); 
 (b) not sell or subject the Minimum
Retained Membership Interest to any hedge, credit risk mitigation or short position that is not permitted under the Risk Retention Requirements; 

(c) for the purpose of each Monthly Servicing Report, confirm to the Servicer that it continues to comply with subsections (a) and
(b) above; 
 (d) provide notice promptly to each Class A Managing Agent and each Class B Lender in the event it has breached
subsections (a) or (b) above; 
 (e) notify each Class A Managing Agent and each Class B Lender of any change to the form of
retention of the Retained Interest; and 
 (f) provide all information which any Class A Managing Agent or any Class B Lender
reasonably requests in order for such Class A Managing Agent or such Class B Lender to comply with its obligations under the Risk Retention Requirements with respect to the Loans made by it hereunder. 

5.12 Acquisition of Receivables from Holdings. With respect to each Pledged Receivable, Company shall (a) acquire such Receivable
pursuant to and in accordance with the terms of the Asset Purchase Agreement, (b) take all actions necessary to perfect, protect and more fully evidence Company’s ownership of such Receivable, including, without limitation, executing or
causing to be executed (or filing or causing to be filed) such other instruments or notices as may be necessary or appropriate, and (c) take all additional action that the Administrative Agent may reasonably request to perfect, protect and more
fully evidence the respective interests of Company, the Agents, and the Lenders. 
 5.13 No Adverse Selection. Company shall cause
Holdings, when selecting any Receivable sold to the Company hereunder, to comply with the Selection Procedures. 
 5.14 Class B Lender
Information Rights. Company shall provide to each Class B Lender (a) substantially contemporaneously with its provision to the Administrative Agent any written information required to be provided to the Administrative Agent under any Credit
Document, and (b) prompt written notice of (i) any Event of Default under this Agreement and (ii) any written waiver or consent provided under, or any amendment of, any Credit Document. 

5.15 Minimum Sales Requirement. (a) With respect to each Fiscal Quarter in which the average daily unpaid principal amount of the
Class A Revolving Loans is less than 90% of the average daily Class A Revolving Commitments during such Fiscal Quarter, Holdings shall have sold during such Fiscal Quarter Receivables to Company selected by it in accordance with the
Selection Procedures in an amount (with respect to any Fiscal Quarter, the “Available 

  
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Eligible Receivables Amount”) equal to at least 50% of the excess of (A) the aggregate Outstanding Principal Balance of all Eligible Receivables originated by Holdings or
originated by a Receivables Account Bank and sold to Holdings or an Affiliate of Holdings during such Fiscal Quarter over (B) the sum of (i) the aggregate Outstanding Principal Balance of such Receivables originated during such Fiscal
Quarter that Holdings is obligated to sell, or may sell in order to maximize the funds available thereunder to Holdings, to a special-purpose Subsidiary of Holdings in connection with one or more term securitization transactions involving the
issuance of securities of a fixed not variable amount rated at least investment grade by one or more nationally recognized statistical rating organizations, and (ii) the aggregate Outstanding Principal Balance of all such Receivables originated
during such Fiscal Quarter that are Marketplace Receivables. For all purposes of the foregoing, (1) with respect to any Fiscal Quarter, any such Receivables that are originated in such Fiscal Quarter but sold to Company or another Subsidiary of
Holdings or as a Marketplace Receivable in the immediately succeeding Fiscal Quarter shall be deemed to have been originated in the Fiscal Quarter in which they were sold, and (2) each percentage under this Section 5.15(a) shall be
calculated based on the original Outstanding Principal Balances of the applicable Receivables. 
 (b) During any Monthly Period, the
Administrative Agent may in its Permitted Discretion request that Holdings calculate and report to the Administrative Agent its month-to-date satisfaction of the requirements of Section 5.15(a) (it being understood that any such result
shall be delivered for informational purposes only and shall not be deemed to require Holdings to comply with the requirements of Section 5.15(a) on an intra-month basis). 

(c) When Holdings selects Receivables to sell to Company or any other Subsidiary of Holdings that has incurred Funded Indebtedness for the
purposes of financing Receivables with substantially similar eligibility criteria, it shall utilize the Selection Procedures. 
  

	SECTION 6.	NEGATIVE COVENANTS 

 Company covenants and agrees that, until the Termination Date,
Company shall perform (or cause to be performed, as applicable) all covenants in this Section 6. 
 6.1 Indebtedness.
Company shall not directly or indirectly, create, incur, assume or guaranty, or otherwise become or remain directly or indirectly liable with respect to any Indebtedness, except the Obligations. 

6.2 Liens. Company shall not directly or indirectly, create, incur, assume or permit to exist any Lien on or with respect to any
property or asset of any kind (including any document or instrument in respect of goods or accounts receivable) of Company, whether now owned or hereafter acquired, or any income or profits therefrom, or file or permit the filing of, or permit to
remain in effect, any financing statement or other similar notice of any Lien with respect to any such property, asset, income or profits under the UCC of any State or under any similar recording or notice statute, except Permitted Liens. 

6.3 Equitable Lien. If Company shall create or assume any Lien upon any of its properties or assets, whether now owned or hereafter
acquired, it shall make or cause to be made 

  
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effective provisions whereby the Obligations will be secured by such Lien equally and ratably with any and all other Indebtedness secured thereby as long as any such Indebtedness shall be so
secured; provided, notwithstanding the foregoing, this covenant shall not be construed as a consent by Requisite Lenders to the creation or assumption of any such Lien not otherwise permitted hereby. 

6.4 No Further Negative Pledges. Except pursuant to the Credit Documents Company shall not enter into any Contractual Obligation
prohibiting the creation or assumption of any Lien upon any of its properties or assets, whether now owned or hereafter acquired. 
 6.5
Restricted Junior Payments. Company shall not through any manner or means or through any other Person to, directly or indirectly, declare, order, pay, make or set apart, or agree to declare, order, pay, make or set apart, any sum for any
Restricted Junior Payment except that, Restricted Junior Payments may be made by Company from time to time with respect to any amounts distributed to Company in accordance with Section 2.12(a)(xi). 

6.6 Subsidiaries. Company shall not form, create, organize, incorporate or otherwise have any Subsidiaries. 

6.7 Investments. Company shall not, directly or indirectly, make or own any Investment in any Person, including without limitation any
Joint Venture, except Investments in Cash, Permitted Investments and Receivables (and property received from time to time in connection with the workout or insolvency of any Receivables Obligor), and Permitted Investments in the Controlled Accounts.

 6.8 Fundamental Changes; Disposition of Assets; Acquisitions. Company shall not enter into any transaction of merger or
consolidation, or liquidate, wind-up or dissolve itself (or suffer any liquidation or dissolution), or convey, sell, lease or sub lease (as lessor or sublessor), exchange, transfer or otherwise dispose of, in
one transaction or a series of transactions, all or any part of its business, assets or property of any kind whatsoever, whether real, personal or mixed and whether tangible or intangible, whether now owned or hereafter acquired (other than,
provided no Event of Default pursuant to Section 7.1(a), 7.1(g), 7.1(h) or 7.1(p) has occurred and is continuing, Permitted Asset Sales; provided that Permitted Asset Sales under clause (d) of the definition
thereof shall be permitted at all times subject to receipt of the consent required therein), or acquire by purchase or otherwise (other than acquisitions of Eligible Receivables, or Permitted Investments in a Controlled Account (and property
received from time to time in connection with the workout or insolvency of any Receivables Obligor)) the business, property or fixed assets of, or stock or other evidence of beneficial ownership of, any Person or any division or line of business or
other business unit of any Person. 
 6.9 Sales and Lease-Backs. Company shall not, directly
or indirectly, become or remain liable as lessee or as a guarantor or other surety with respect to any lease of any property (whether real, personal or mixed), whether now owned or hereafter acquired, which Company (a) has sold or transferred
or is to sell or to transfer to any other Person, or (b) intends to use for substantially the same purpose as any other property which has been or is to be sold or transferred by Company to any Person in connection with such lease. 

  
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 6.10 Transactions with Shareholders and Affiliates. Company shall not, directly or
indirectly, enter into or permit to exist any transaction (including the purchase, sale, lease or exchange of any property or the rendering of any service) with any holder of ten percent (10%) or more of any class of Capital Stock of Holdings
or any of its Subsidiaries or with any Affiliate of Holdings or of any such holder other than the transactions contemplated or permitted by the Credit Documents and the Related Agreements. 

6.11 Conduct of Business. From and after the Original Closing Date, Company shall not engage in any business other than the businesses
engaged in by Company on the Original Closing Date. 
 6.12 Fiscal Year. Company shall not change its Fiscal Year-end from December 31st. 
 6.13
Servicer; Backup Servicer; Custodian 
 (a) Company shall use its commercially reasonable efforts to cause Servicer, the Backup Servicer
and the Custodian to comply at all times with the applicable terms of the Servicing Agreement, the Backup Servicing Agreement and the Custodial Agreement. The Company may not (i) terminate, remove, replace Servicer, Backup Servicer or the
Custodian or (ii) subcontract out any portion of the servicing or permit third party servicing other than the Backup Servicer, except, in each case, with the consent of the Requisite Lenders in their Permitted Discretion. The Administrative Agent
may not terminate, remove, or replace the Servicer except in accordance with the Servicing Agreement. The Administrative Agent may not terminate, remove, or replace the Backup Servicer or the Custodian except with the prior consent of Company (such
consent not to be unreasonably withheld); provided, however, that the Administrative Agent may terminate and replace the Backup Servicer at any time without the consent of Company after the occurrence and during the continuance of an
Event of Default or Servicer Default. 
 (b) Upon the occurrence of a Hot Backup Servicer Event, the Administrative Agent may instruct the
Backup Servicer to provide “hot” backup servicing under the Backup Servicing Agreement (provided that, if after a Hot Backup Servicer Event to occur hereunder, a Hot Backup Servicer Event Cure occurs, the Administrative Agent shall,
at the direction of Company, instruct the Backup Servicer to (i) stop providing hot” backup servicing under the Backup Servicing Agreement and (ii) again begin providing only “warm” backup servicing under the Backup
Servicing Agreement). Company shall pay all reasonable and customary fees, costs and expenses of the Backup Servicer. 
 6.14
Acquisitions of Receivables. Company may not acquire Receivables from any Person other than Holdings pursuant to the Asset Purchase Agreement. 

6.15 Independent Manager. Company shall not fail at any time to have at least one independent manager (an “Independent
Manager”) who: 
 (a) is provided by a nationally recognized provider of independent directors; 

(b) is not and has not been employed by Company or Holdings or any of their respective Subsidiaries or Affiliates as an officer, director,
partner, manager, member (other 

  
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than as a special member in the case of single member Delaware limited liability companies), employee, attorney or counsel of, Company or Holdings or any of their respective Affiliates within the
five years immediately prior to such individual’s appointment as an Independent Manager, provided that this paragraph (b) shall not apply to any person who serves as an independent director or an independent manager for any Affiliate of
any of Company or Holdings; 
 (c) is not, and has not been within the five years immediately prior to such individual’s appointment as
an Independent Manager, a customer or creditor of, or supplier to, Company or Holdings or any of their respective Affiliates who derives any of its purchases or revenue from its activities with Company or Holdings or any of their respective
Affiliates thereof (other than a de minimis amount); 
 (d) is not, and has not been within the five years immediately prior to such
individual’s appointment as an Independent Manager, a person who controls or is under common control with any Person described by clause (b) or (c) above; 

(e) does not have, and has not had within the five years immediately prior to such individual’s appointment as an Independent Manager, a
personal services contract with Company or Holdings or any of their respective Subsidiaries or Affiliates, from which fees and other compensation received by the person pursuant to such personal services contract would exceed 5% of his or her gross
revenues during the preceding calendar year; 
 (f) is not affiliated with a tax-exempt entity that receives, or has received within the
five years prior to such appointment as an Independent Manager, contributions from Company or Holdings or any of their respective Subsidiaries or Affiliates, in excess of the lesser of (i) 3% of the consolidated gross revenues of Holdings and
its Subsidiaries during such fiscal year and (ii) 5% of the contributions received by the tax-exempt entity during such fiscal year; 

(g) is not and has not been a shareholder (or other equity owner) of any of Company or Holdings or any of their respective Affiliates within
the five years immediately prior to such individual’s appointment as an Independent Manager; 
 (h) is not a member of the immediate
family of any Person described by clause (b) through (g) above; 
 (i) is not, and was not within the five years prior to such
appointment as an Independent Manager, a financial institution to which Company or Holdings or any of their respective Subsidiaries or Affiliates owes outstanding Indebtedness for borrowed money in a sum exceeding more than 5% of Holdings’
total consolidated assets; 
 (j) has prior experience as an independent director or manager for a corporation or limited liability company
whose charter documents required the unanimous consent of all independent directors thereof before such corporation or limited liability company could consent to the institution of bankruptcy or insolvency proceedings against it or could file a
petition seeking relief under any applicable federal or state law relating to bankruptcy; and 
 (k) has at least three (3) years of
employment experience with one or more entities that provide, in the ordinary course of their respective businesses, advisory, management or placement services to issuers of securitization or structured finance instruments, agreements or securities.

  
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 Upon Company learning of the death or incapacity of an Independent Manager, Company shall have
ten (10) Business Days following such death or incapacity to appoint a replacement Independent Manager. Any replacement of an Independent Manager will be permitted only upon (a) two (2) Business Days’ prior written notice to each
Agent and Lender, (b) Company’s certification that any replacement manager will satisfy the criteria set forth in clauses (a)-(i) of this Section 6.15 and (c) the Administrative Agent’ written consent to the
appointment of such replacement manager. For the avoidance of doubt, other than in the event of the death or incapacity of an Independent Manager, Company shall at all times have an Independent Manager and may not terminate any Independent Manager
without the prior written consent of the Administrative Agent, which consent the Administrative Agent may withhold in its sole discretion. 

6.16 Organizational Agreements and Credit Documents. Except as otherwise expressly permitted by other provisions of this Agreement or
any other Credit Document, Company shall not (a) enter into any contract with any Person other than the Credit Documents, any Related Agreement to which it is a party, and an agreement related to the appointment of the Independent Manager and
process agent, in each case, as of the Original Closing Date or any agreement entered into in connection with a Permitted Asset Sale; (b) amend, restate, supplement or modify, or permit any amendment, restatement, supplement or modification to,
its Organizational Documents, without obtaining the prior written consent of the Requisite Lenders to such amendment, restatement, supplement or modification, as the case may be; (c) agree to any termination, amendment, restatement, supplement
or other modification to, or waiver of, or permit any termination, amendment, restatement, supplement or other modification to, or waivers of, any of the provisions of any Credit Document without the prior written consent of the Requisite Lenders.
Company shall not agree to, and shall cause Holdings not to, amend, restate, supplement or modify in any material respect any Receivables Program Agreement without providing prior written notice thereof to the Administrative Agent, each Class A
Managing Agent and each Class B Lender and obtaining the consent thereto of the Requisite Lenders; provided, however that the Requisite Lenders shall be deemed to have consented to any such amendment, restatement, supplement or
modification if the Requisite Lenders do not object to such proposed amendment, restatement, supplement or modification in writing to Company within seven (7) Business Days of the Administrative Agent’s receipt of written notice of such
proposed amendment, restatement, supplement or modification. 
 6.17 Changes in Underwriting or Other Policies; Certain
Methodologies. Company shall not agree to, and shall cause Holdings not to, make any change or modification to the Underwriting Policies without providing prior written notice thereof to the Administrative Agent, each Class A
Managing Agent and each Class B Lender (collectively, the “Notice Parties”). Company shall not agree to, and shall cause Holdings not to, make any Material Underwriting Policy Change, including any change or modification to the
Underwriting Policies of which the Notice Parties receives written notice that either the Administrative Agent or the Requisite Class B Lenders, in the exercise of their respective Permitted Discretion, determines to

  
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be a Material Underwriting Policy Change and notifies Company of such determination within seven (7) Business Days of their receipt of such notice, without the prior written consent of the
Requisite Class A Lenders and the Requisite Class B Lenders (such consent not to be unreasonably withheld, conditioned or delayed). Company shall not agree to, and shall cause the Servicer not to, make any change to the Servicer’s
methodology for calculating the unpaid principal balance of Pledged Receivables without the prior written consent of the Requisite Class A Lenders and the Requisite Class B Lenders (such consent not to be unreasonably withheld, conditioned or
delayed). 
 6.18 Receivable Forms. Company shall not acquire Receivables which are not on the form of applicable Receivable
Agreement attached to the Undertakings Agreement (or any successor form approved after the Amendment Effective Date in accordance with this Section 6.18). Company shall provide, or cause Holdings to provide, prior written notice to
Administrative Agent, each Class A Managing Agent and each Class B Lender of any proposed change or variation to the form of any Receivable Agreement, including a reasonably detailed description of the proposed change or variation (a
“Notice of Amendment”). The Administrative Agent shall, within five (5) Business Days of Administrative Agent’s receipt of a Notice of Amendment, notify Company if the Administrative Agent, in its Permitted Discretion, has
determined that such proposed change or variation is material (a “Material Change Notice”), and upon receipt of such Material Change Notice, Company shall not, and shall cause Holdings not to, make any change or variation set forth
in the Notice of Amendment without the prior written consent of the Requisite Lenders, unless such change or variation is required by any Requirement of Law. The Requisite Lenders may reasonably withhold such consent until they have received a
satisfactory opinion of Company’s counsel regarding compliance of such revised form with any Requirement of Law reasonably expected to be applicable thereto. If, within five (5) Business Days of Administrative Agent’s receipt of a
Notice of Amendment, the Administrative Agent has not provided a Material Change Notice to Company or Holdings, Company or Holdings may make the change or variation to the applicable form of Receivable Agreement proposed in such Notice of Amendment.

  

	SECTION 7.	EVENTS OF DEFAULT 

 7.1 Events of Default. If any one or more of the following
events shall occur. 
 (a) Failure to Make Payments When Due. Other than with respect to a Borrowing Base Deficiency, failure by
Company to pay (i) when due, the principal of and premium, if any, on any Loan whether at stated maturity (including on the Revolving Commitment Termination Date), by acceleration or otherwise; (ii) within two (2) Business Days after
its due date, any interest on any Loan or any fee due hereunder; or (iii) within thirty (30) days after its due date, any other amount due hereunder; or 

(b) Default in Other Agreements. 

(i) Failure of Holdings or any Subsidiary of Holdings to pay when due any principal of or interest on or any other amount payable in respect
of one or more items of Indebtedness (other than SPV Indebtedness) with a principal amount in excess of $1,000,000, in each case beyond the grace period, if any, provided therefor; or breach or default by Holdings or

  
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any Subsidiary of Holdings with respect to any other material term of (1) one or more items of Indebtedness (other than SPV Indebtedness) with a principal amount in excess of $1,000,000, or
(2) any loan agreement, mortgage, indenture or other agreement relating to such item(s) of Indebtedness, in each case beyond the grace period, if any, provided therefore, if the effect of such breach or default is to cause, or to permit the
holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, such Indebtedness to become or be declared due and payable (or subject to a compulsory repurchase or redeemable) prior to its stated maturity or the
stated maturity of any underlying obligation, as the case may be, provided that any such failure, breach or default, as the case may be, shall constitute an Event of Default hereunder only after the Administrative Agent shall have provided
written notice to Company that such failure, breach or default constitutes an Event of Default hereunder; or 
 (ii) (A) Failure of any
Subsidiary of Holdings (other than Company) to pay when due any principal of or interest on or any other amount payable in respect of one or more items of SPV Indebtedness with a principal amount in excess of $1,000,000; or (B) (1) breach
or default by any such Subsidiary with respect to any material term of (x) one or more items of SPV Indebtedness with a principal amount in excess of $1,000,000, or (y) any loan agreement, mortgage, indenture or other agreement relating to
such item(s) of SPV Indebtedness and (2) the continuation of such breach or default for more than seven (7) Business Days (or, if such breach or default is subject to any grace period, for more than seven (7) Business Days beyond such
grace period), if the effect of such breach or default is to cause, or to permit the holder or holders of that Indebtedness (or a trustee on behalf of such holder or holders), to cause, such Indebtedness to become or be declared due and payable (or
subject to a compulsory repurchase or redeemable) prior to its stated maturity or the stated maturity of any underlying obligation, as the case may be, provided that any such failure, breach or default, as the case may be, shall constitute an
Event of Default hereunder only after the Administrative Agent shall have provided written notice to Company that such failure, breach or default constitutes an Event of Default hereunder; or 

(c) Breach of Certain Covenants. Failure of Company to perform or comply with any term or condition contained in Section 2.3,
Section 2.11, Section 5.1(a), Section 5.1(f), Section 5.1(h), Section 5.2, Section 5.6, Section 5.7 or Section 6, or failure to distribute Collections in
accordance with Section 2.12; or 
 (d) Breach of Representations, etc. Any representation or warranty, certification or
other statement made or deemed made by Company or Holdings (or Holdings as Servicer) in any Credit Document or in any statement or certificate at any time given by Company or Holdings (or Holdings as Servicer) in writing pursuant hereto or thereto
or in connection herewith or therewith shall be false in any material respect, other than any representation, warranty, certification or other statement which is qualified by materiality or “Material Adverse Effect”, in which case, such
representation, warranty, certification or other statement shall be true and correct in all respects, in each case, as of the date made or deemed made and such default shall not have been remedied or waived within thirty (30) days after the
earlier of (i) an Authorized Officer of Company or Holdings becoming aware of such default, or (ii) receipt by Company of notice from any Agent or Lender of such default; or 

  
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 (e) Other Defaults Under Credit Documents. Company or Holdings shall default in the
performance of or compliance with any term contained herein or any of the other Credit Documents other than any such term referred to in any other Section of this Section 7.1 and such default shall not have been remedied or waived within
thirty (30) days after the earlier of (i) an Authorized Officer of Company or Holdings becoming aware of such default, or (ii) receipt by Company or Holdings of notice from Administrative Agent or any Lender of such default; or 

(f) Breach of Portfolio Performance Covenants. A breach of any Portfolio Performance Covenant shall have occurred; or 

(g) Involuntary Bankruptcy; Appointment of Receiver, etc. (i) A court of competent jurisdiction shall enter a decree or order for
relief in respect of Company or Holdings in an involuntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, which decree or order is not stayed; or any other similar
relief shall be granted under any applicable federal or state law; or (ii) an involuntary case shall be commenced against Company or Holdings under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or
hereafter in effect; or a decree or order of a court having jurisdiction in the premises for the appointment of a receiver, liquidator, sequestrator, trustee, custodian or other officer having similar powers over Company or Holdings, or over all or
a substantial part of its respective property, shall have been entered; or there shall have occurred the involuntary appointment of an interim receiver, trustee or other custodian of Company or Holdings for all or a substantial part of its
respective property; or a warrant of attachment, execution or similar process shall have been issued against any substantial part of the property of Company or Holdings, and any such event described in this clause (ii) shall continue for sixty
(60) days without having been dismissed, bonded or discharged; or 
 (h) Voluntary Bankruptcy; Appointment of Receiver, etc.
(i) Company or Holdings shall have an order for relief entered with respect to it or shall commence a voluntary case under the Bankruptcy Code or under any other applicable bankruptcy, insolvency or similar law now or hereafter in effect, or
shall consent to the entry of an order for relief in an involuntary case, or to the conversion of an involuntary case to a voluntary case, under any such law, or shall consent to the appointment of or taking possession by a receiver, trustee or
other custodian for all or a substantial part of its respective property; or Company or Holdings shall make any assignment for the benefit of creditors; or (ii) Company or Holdings shall be unable, or shall fail generally, or shall admit in
writing its inability, to pay its debts as such debts become due; or the board of directors (or similar governing body) of Company or Holdings (or any committee thereof) shall adopt any resolution or otherwise authorize any action to approve any of
the actions referred to herein or in Section 7.1(g); or 
 (i) Judgments and Attachments. 

(i) Any money judgment, writ or warrant of attachment or similar process (to the extent not adequately covered by insurance as
to which a solvent and unaffiliated insurance company has acknowledged coverage) shall be entered or filed against Company or any of its assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of thirty (30) days; or

  
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 (ii) Any money judgment, writ or warrant of attachment or similar process
involving in any individual case or in the aggregate at any time an amount in excess of $1,000,000 (in any case to the extent not adequately covered by insurance as to which a solvent and unaffiliated insurance company has acknowledged coverage)
shall be entered or filed against Holdings (or Holdings as Servicer) or any of its assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of sixty (60) days; or 

(iii) Any tax lien or lien of the PBGC shall be entered or filed against Company or Holdings (involving, with respect to
Holdings only, an amount in excess of $1,000,000) or any of their respective assets and shall remain undischarged, unvacated, unbonded or unstayed for a period of ten (10) days; 

(j) Dissolution. Any order, judgment or decree shall be entered against Company or Holdings decreeing the dissolution or split up of
Company or Holdings, as the case may be, and such order shall remain undischarged or unstayed for a period in excess of thirty (30) days; or 

(k) Employee Benefit Plans. (i) There shall occur one or more ERISA Events which individually or in the aggregate results in or
might reasonably be expected to result in a Material Adverse Effect during the term hereof or result in a Lien being imposed on the Collateral; or (ii) Company shall establish or contribute to any Employee Benefit Plan; or 

(l) Change of Control. A Change of Control shall occur; or 

(m) Servicing Agreement. A Servicer Default shall have occurred and be continuing; or 

(n) Backup Servicer Default. The Backup Servicing Agreement shall terminate for any reason and, provided that the Administrative Agent
shall have used commercially reasonable efforts to timely engage a replacement Backup Servicer following such termination, within ninety (90) days of such termination no replacement agreement with an alternative backup servicer shall be
effective; or 
 (o) Borrowing Base Deficiency; Repurchase Failure. (i) Failure by Company to pay any Borrowing Base Deficiency
within two (2) Business Days after the due date thereof, or (ii) failure of Holdings to repurchase any Receivable as and when required under the Asset Purchase Agreement; or 

(p) Collateral Documents and other Credit Documents. At any time after the execution and delivery thereof, (i) this Agreement or
any Collateral Document ceases to be in full force and effect (other than in accordance with its terms) or shall be declared null and void by a court of competent jurisdiction or the enforceability thereof shall be impaired in any material respect,
or the Collateral Agent shall not have or shall cease to have a valid and perfected Lien in any Collateral purported to be covered by the Collateral Documents with the priority required by the relevant Collateral Document (in each case, other than
(A) by reason of 

  
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a release of Collateral in accordance with the terms hereof or thereof or (B) the satisfaction in full of the Obligations and any other amount due hereunder or any other Credit Document in
accordance with the terms hereof); or (ii) any of the Credit Documents for any reason, other than the satisfaction in full of all Obligations and any other amount due hereunder or any other Credit Document (other than contingent indemnification
obligations for which demand has not been made), shall cease to be in full force and effect (other than in accordance with its terms) or shall be declared to be null and void by a court of competent jurisdiction or a party thereto or Holdings, as
the case may be, shall repudiate its obligations thereunder or shall contest the validity or enforceability of any Credit Document in writing; or 

(q) Breach of Financial Covenants. A breach of any Financial Covenant shall have occurred; or 

(r) Investment Company Act. Holdings or Company become subject to any federal or state statute or regulation which may render all or
any portion of the Obligations unenforceable, or Company becomes a company “controlled” by a “registered investment company” or a “principal underwriter” of a “registered investment company” as such terms are
defined in the Investment Company Act of 1940; 
 THEN, upon the occurrence of any Event of Default, the Administrative Agent may, and shall, at the
written request of the Requisite Lenders, take any of the following actions: (w) upon notice to the Company, terminate the Revolving Commitments, if any, of each Lender having such Revolving Commitments, (x) upon notice to the Company,
declare the unpaid principal amount of and accrued interest on the Loans and all other Obligations immediately due and payable, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby expressly
waived by Company; (y) direct the Collateral Agent to enforce any and all Liens and security interests created pursuant to the Collateral Documents and (z) take any and all other actions and exercise any and all other rights and remedies
of the Administrative Agent under the Credit Documents; provided that upon the occurrence of any Event of Default described in Section 7.1(g) or 7.1(h), the unpaid principal amount of and accrued interest on the Loans and
all other Obligations shall immediately become due and payable, and the Revolving Commitments shall automatically and immediately terminate, in each case without presentment, demand, protest or other requirements of any kind, all of which are hereby
expressly waived by Company. In addition, pursuant to the Servicing Agreement, the Administrative Agent may terminate the Servicing Agreement and appoint a Successor Servicer upon the occurrence of a Servicer Default. 

 

	SECTION 8.	AGENTS 

 8.1 Appointment of Agents. Each Class A Revolving Lender hereby
authorizes Deutsche Bank AG, New York Branch to act as Administrative Agent to the Class A Revolving Lenders hereunder and under the other Credit Documents and each Class A Revolving Lender hereby authorizes Deutsche Bank AG, New York
Branch, in such capacity, to act as its agent in accordance with the terms hereof and the other Credit Documents. Each Lender hereby authorizes Deutsche Bank AG, New York Branch, to act as the Collateral Agent on its behalf under the Credit
Documents. DBSI is hereby appointed Syndication Agent and Documentation Agent hereunder. Each Agent hereby agrees to act upon the express conditions contained herein 

  
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and the other Credit Documents, as applicable. The provisions of this Section 8 are solely for the benefit of Agents and Lenders and neither Company or Holdings shall have any rights
as a third party beneficiary of any of the provisions thereof. In performing its functions and duties hereunder, each Agent (other than Administrative Agent) shall act solely as an agent of Lenders and does not assume and shall not be deemed to have
assumed any obligation towards or relationship of agency or trust with or for Holdings or any of its Subsidiaries. In performing its functions and duties hereunder, Administrative Agent shall act solely as an agent of the Class A Revolving
Lenders and does not assume and shall not be deemed to have assumed any obligation towards or relationship of agency or trust with or for any Class B Lender, Holdings or any of its Subsidiaries. Each of Syndication Agent and Documentation Agent,
without consent of or notice to any party hereto, may assign any and all of its rights or obligations hereunder to any of its Affiliates. As of the Original Closing Date, DBSI, in its capacity as Syndication Agent or in its capacity as Documentation
Agent, shall not have any obligations but shall be entitled to all benefits of this Section 8. 
 8.2 Powers and Duties.
Each Lender irrevocably authorizes each Agent (other than Administrative Agent) to take such action on such Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically
delegated or granted to such Agent by the terms hereof and thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Class A Revolving Lender irrevocably authorizes Administrative Agent to take such
action on such Class A Revolving Lender’s behalf and to exercise such powers, rights and remedies hereunder and under the other Credit Documents as are specifically delegated or granted to Administrative Agent by the terms hereof and
thereof, together with such powers, rights and remedies as are reasonably incidental thereto. Each Agent shall have only those duties and responsibilities that are expressly specified herein and the other Credit Documents. Each such Agent may
exercise such powers, rights and remedies and perform such duties by or through its agents or employees. No such Agent shall have, by reason hereof or any of the other Credit Documents, a fiduciary relationship in respect of any Lender; and nothing
herein or any of the other Credit Documents, expressed or implied, is intended to or shall be so construed as to impose upon any such Agent any obligations in respect hereof or any of the other Credit Documents except as expressly set forth herein
or therein. 
 8.3 General Immunity. 

(a) No Responsibility for Certain Matters. No Agent shall be responsible to any Lender for the execution, effectiveness, genuineness,
validity, enforceability, collectability or sufficiency hereof or any other Credit Document or for any representations, warranties, recitals or statements made herein or therein or made in any written or oral statements or in any financial or other
statements, instruments, reports or certificates or any other documents furnished or made by any Agent to Lenders or by or on behalf of Company or Holdings to any Agent or any Lender in connection with the Credit Documents and the transactions
contemplated thereby or for the financial condition or business affairs of Company or Holdings or any other Person liable for the payment of any Obligations or any other amount due hereunder or any other Credit Document, nor shall any Agent be
required to ascertain or inquire as to the performance or observance of any of the terms, conditions, provisions, covenants or agreements contained in any of the Credit Documents or as to the use of the proceeds of the Loans or as to the existence
or possible existence of any Event of Default or Default or to make 

  
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any disclosures with respect to the foregoing. Anything contained herein to the contrary notwithstanding, Paying Agent shall not have any liability arising from confirmations of the amount of
outstanding Loans or the component amounts thereof. 
 (b) Exculpatory Provisions Relating to Administrative Agent. Neither
Administrative Agent nor any of its officers, partners, directors, employees or agents shall be liable to Class A Revolving Lenders for any action taken or omitted by Administrative Agent under or in connection with any of the Credit Documents
except to the extent caused by Administrative Agent’s gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a final, non-appealable order. Administrative Agent shall be entitled to refrain from any act or
the taking of any action (including the failure to take an action) in connection herewith or any of the other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until
Administrative Agent shall have received instructions in respect thereof from Requisite Class A Lenders (or such other Lenders as may be required to give such instructions under Section 9.5) and, upon receipt of such instructions
from Requisite Class A Lenders (or such other Lenders, as the case may be), Administrative Agent shall be entitled to act or (where so instructed) refrain from acting, or to exercise such power, discretion or authority, in accordance with such
instructions. Without prejudice to the generality of the foregoing, (i) Administrative Agent shall be entitled to rely, and shall be fully protected in relying, upon any communication, instrument or document believed by it to be genuine and
correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of attorneys (who may be attorneys for Holdings and Company), accountants, experts and
other professional advisors selected by it; and (ii) no Class A Revolving Lender shall have any right of action whatsoever against Administrative Agent as a result of Administrative Agent acting or (where so instructed) refraining from
acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Class A Lenders (or such other Lenders as may be required to give such instructions under Section 9.5). 

(c) Exculpatory Provisions Relating to Other Agents. No Agent (other than Administrative Agent) nor any of its officers, partners,
directors, employees or agents shall be liable to Lenders for any action taken or omitted by any Agent under or in connection with any of the Credit Documents except to the extent caused by such Agent’s gross negligence or willful misconduct,
as determined by a court of competent jurisdiction in a final, non-appealable order. Each such Agent shall be entitled to refrain from any act or the taking of any action (including the failure to take an action) in connection herewith or any of the
other Credit Documents or from the exercise of any power, discretion or authority vested in it hereunder or thereunder unless and until such Agent shall have received instructions in respect thereof from Requisite Lenders (or such other Lenders as
may be required to give such instructions under Section 9.5) and, upon receipt of such instructions from Requisite Lenders (or such other Lenders, as the case may be), such Agent shall be entitled to act or (where so instructed) refrain
from acting, or to exercise such power, discretion or authority, in accordance with such instructions. Without prejudice to the generality of the foregoing, (i) each such Agent shall be entitled to rely, and shall be fully protected in relying,
upon any communication, instrument or document believed by it to be genuine and correct and to have been signed or sent by the proper Person or Persons, and shall be entitled to rely and shall be protected in relying on opinions and judgments of
attorneys (who may be attorneys for Holdings and Company), accountants, experts and other 

  
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professional advisors selected by it; and (ii) no Lender shall have any right of action whatsoever against any such Agent as a result of such Agent acting or (where so instructed) refraining
from acting hereunder or any of the other Credit Documents in accordance with the instructions of Requisite Lenders (or such other Lenders as may be required to give such instructions under Section 9.5). 

8.4 Agents Entitled to Act as Lender. Any agency hereby created shall in no way impair or affect any of the rights and powers of, or
impose any duties or obligations upon, any Agent in its individual capacity as a Lender hereunder. With respect to its participation in the Loans, each Agent shall have the same rights and powers hereunder as any other Lender and may exercise the
same as if it were not performing the duties and functions delegated to it hereunder, and the term “Lender” shall, unless the context clearly otherwise indicates, include each Agent in its individual capacity. Any Agent and its Affiliates
may accept deposits from, lend money to, own securities of, and generally engage in any kind of banking, trust, financial advisory or other business with Holdings or any of its Affiliates as if it were not performing the duties specified herein, and
may accept fees and other consideration from Company for services in connection herewith and otherwise without having to account for the same to Lenders. 

8.5 Lenders’ Representations, Warranties and Acknowledgment. 

(a) Each Lender represents and warrants that it has made its own independent investigation of the financial condition and affairs of Holdings
and Company in connection with Credit Extensions hereunder and that it has made and shall continue to make its own appraisal of the creditworthiness of Holdings and Company. No Agent shall have any duty or responsibility, either initially or on a
continuing basis, to make any such investigation or any such appraisal on behalf of Lenders or to provide any Lender with any credit or other information with respect thereto, whether coming into its possession before the making of the Loans or at
any time or times thereafter, and no Agent shall have any responsibility with respect to the accuracy of or the completeness of any information provided to Lenders. 

(b) Each Class A Managing Agent and each Lender, by delivering its signature page to this Agreement, shall be deemed to have acknowledged
receipt of, and consented to and approved, each Credit Document and each other document required to be approved by any Agent, Requisite Lenders or Lenders, as applicable on the Original Closing Date. 

8.6 Right to Indemnity. 

(a) Administrative Agent. The Class A Revolving Committed Lenders in each Class A Lender Group, in proportion to their
respective Committed Lender Pro Rata Shares of the Pro Rata Share of such Class A Lender Group, severally agrees to indemnify Administrative Agent, its Affiliates and their respective officers, partners, directors, trustees, employees and
agents (each, an “AA Indemnitee Agent Party”), to the extent that such AA Indemnitee Agent Party shall not have been reimbursed by Company or Holdings, for and against any and all liabilities, obligations, losses, damages,
penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed on, incurred by or asserted against such AA

  
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Indemnitee Agent Party in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in its capacity as such AA Indemnitee
Agent Party in any way relating to or arising out of this Agreement or the other Credit Documents, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH AA
INDEMNITEE AGENT PARTY; provided, no Class A Revolving Committed Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from
such AA Indemnitee Agent Party’s gross negligence or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable order. If any indemnity furnished to any AA Indemnitee Agent Party for any purpose shall, in
the opinion of such AA Indemnitee Agent Party, be insufficient or become impaired, such AA Indemnitee Agent Party may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is
furnished; provided, in no event shall this sentence require any Class A Revolving Committed Lender in a Class A Lender Group to indemnify any AA Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, action,
judgment, suit, cost, expense or disbursement in excess of such Class A Revolving Lender’s Committed Lender Pro Rata Share of such Class A Lender Group’s Pro Rata Share thereof; and provided further, this sentence shall not be
deemed to require any Class A Revolving Committed Lender to indemnify any AA Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the
immediately preceding sentence. 
 (b) Other Agents. Each Lender (or, in the case of any Class A Lender Group, each Class A
Revolving Committed Lender in such Class A Lender Group, in proportion to its Committed Lender Pro Rata Share), in proportion to its Pro Rata Share, severally agrees to indemnify each Agent (other than Administrative Agent), their Affiliates
and their respective officers, partners, directors, trustees, employees and agents of each Agent (each, an “Indemnitee Agent Party”), to the extent that such Indemnitee Agent Party shall not have been reimbursed by Company or
Holdings, for and against any and all liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses (including counsel fees and disbursements) or disbursements of any kind or nature whatsoever which may be imposed
on, incurred by or asserted against such Indemnitee Agent Party in exercising its powers, rights and remedies or performing its duties hereunder or under the other Credit Documents or otherwise in its capacity as such Indemnitee Agent Party in any
way relating to or arising out of this Agreement or the other Credit Documents, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH INDEMNITEE AGENT PARTY;
provided, no Lender shall be liable for any portion of such liabilities, obligations, losses, damages, penalties, actions, judgments, suits, costs, expenses or disbursements resulting from such Indemnitee Agent Party’s gross negligence
or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable order. If any indemnity furnished to any Indemnitee Agent Party for any purpose shall, in the opinion of such
Indemnitee Agent Party, be insufficient or become impaired, such Indemnitee Agent Party may call for additional indemnity and cease, or not commence, to do the acts indemnified against until such additional indemnity is furnished; provided,
in no event shall this sentence require any Lender to indemnify any Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, 

  
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action, judgment, suit, cost, expense or disbursement in excess of such Lender’s Pro Rata Share thereof (or, in the case of any Class A Revolving Committed Lender in a Class A
Lender Group, such Class A Revolving Committed Lender’s Committed Lender Pro Rata Share of the Pro Rata Share of such Class A Lender Group thereof); and provided further, this sentence shall not be deemed to require any
Lender to indemnify any Indemnitee Agent Party against any liability, obligation, loss, damage, penalty, action, judgment, suit, cost, expense or disbursement described in the proviso in the immediately preceding sentence. 

8.7 Successor Administrative Agent and Collateral Agent. 

(a) Administrative Agent. 

(i) Administrative Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to the
Class A Managing Agents and Company. Upon any such notice of resignation, Requisite Class A Lenders shall have the right, upon five (5) Business Days’ notice to Company, to appoint a successor Administrative Agent
provided, that the appointment of a successor Administrative Agent shall require (so long as no Default or Event of Default has occurred and is continuing) Company’s approval, which approval shall not be unreasonably withheld, delayed or
conditioned. Upon the acceptance of any appointment as Administrative Agent hereunder by a successor Administrative Agent, that successor Administrative Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and
duties of the retiring Administrative Agent and the retiring Administrative Agent shall promptly (i) transfer to such successor Administrative Agent all records and other documents necessary or appropriate in connection with the performance of
the duties of the successor Administrative Agent under the Credit Documents, and (ii) take such other actions, as may be necessary or appropriate in connection with the appointment of such successor Administrative Agent, whereupon such retiring
Administrative Agent shall be discharged from its duties and obligations hereunder. After any retiring Administrative Agent’s resignation hereunder as Administrative Agent, the provisions of this Section 8 shall inure to its benefit
as to any actions taken or omitted to be taken by it while it was Administrative Agent hereunder. If Administrative Agent is a Class A Revolving Lender or an Affiliate thereof on the date on which the Revolving Commitment Termination Date shall
have occurred and all Class A Revolving Loans and all other Obligations owing to the Class A Lender Groups have been paid in full in cash, such Administrative Agent shall provide immediate notice of resignation to the Company, and the
Requisite Class B Lenders shall have the right, upon five (5) Business Days’ notice to the Company, to appoint a successor Administrative Agent; provided, that the appointment of any successor Administrative Agent that is not a Class B
Lender or an Affiliate thereof shall require (so long as no Default or Event of Default has occurred and is continuing) Company’s approval, which approval shall not be unreasonably withheld, delayed or conditioned. 

(ii) Notwithstanding anything herein to the contrary, Administrative Agent may assign its rights and duties as
Administrative Agent hereunder to one of its Affiliates without the prior written consent of, or prior written notice to, Company or the Class A Revolving Lenders; provided that Company and the Class A Revolving Lenders

  
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may deem and treat such assigning Administrative Agent as Administrative Agent for all purposes hereof, unless and until such assigning Administrative Agent provides written notice to Company and
the Class A Revolving Lenders of such assignment. Upon such assignment such Affiliate shall succeed to and become vested with all rights, powers, privileges and duties as Administrative Agent hereunder and under the other Credit Documents. 

(b) Collateral Agent. 

(i) Collateral Agent may resign at any time by giving thirty (30) days’ prior written notice thereof to Lenders and
Company. Upon any such notice of resignation, Requisite Lenders shall have the right, upon five (5) Business Days’ notice to Company, to appoint a successor Collateral Agent provided, that the appointment of a successor Collateral Agent
shall require (so long as no Default or Event of Default has occurred and is continuing) Company’s approval, which approval shall not be unreasonably withheld, delayed or conditioned. Upon the acceptance of any appointment as Collateral Agent
hereunder by a successor Collateral Agent, that successor Collateral Agent shall thereupon succeed to and become vested with all the rights, powers, privileges and duties of the retiring Collateral Agent and the retiring Collateral Agent shall
promptly (i) transfer to such successor Collateral Agent all sums, Securities and other items of Collateral held under the Collateral Documents, together with all records and other documents necessary or appropriate in connection with the
performance of the duties of the successor Collateral Agent under the Credit Documents, and (ii) execute and deliver to such successor Collateral Agent such amendments to financing statements, and take such other actions, as may be necessary or
appropriate in connection with the appointment of such successor Collateral Agent and the assignment to such successor Collateral Agent of the security interests created under the Collateral Documents, whereupon such retiring Collateral Agent shall
be discharged from its duties and obligations hereunder. After any retiring Collateral Agent’s resignation hereunder as Collateral Agent, the provisions of this Section 8 shall inure to its benefit as to any actions taken or omitted
to be taken by it while it was Collateral Agent hereunder. 
 (ii) Notwithstanding anything herein to the contrary,
Collateral Agent may assign its rights and duties as Collateral Agent hereunder to one of its Affiliates without the prior written consent of, or prior written notice to, Company or the Lenders; provided that Company and the Lenders may deem and
treat such assigning Collateral Agent as Collateral Agent for all purposes hereof, unless and until such assigning Collateral Agent provides written notice to Company and the Lenders of such assignment. Upon such assignment such Affiliate shall
succeed to and become vested with all rights, powers, privileges and duties as Collateral Agent hereunder and under the other Credit Documents. 

8.8 Collateral Documents. Each Lender hereby further authorizes Collateral Agent, on behalf of and for the benefit of Lenders, to be
the agent for and representative of Lenders with respect to the Collateral and the Collateral Documents. Subject to Section 9.5, without further written consent or authorization from Lenders, Collateral Agent may execute any documents or
instruments necessary to release any Lien encumbering any item of Collateral that is the subject 

  
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of a sale or other disposition of assets permitted hereby or to which Requisite Lenders (or such other Lenders as may be required to give such consent under Section 9.5) have
otherwise consented. Anything contained in any of the Credit Documents to the contrary notwithstanding, Company, the Agents and each Lender hereby agree that (i) no Lender shall have any right individually to realize upon any of the Collateral,
it being understood and agreed that all powers, rights and remedies hereunder may be exercised solely by Collateral Agent, on behalf of Lenders in accordance with the terms hereof and all powers, rights and remedies under the Collateral Documents
may be exercised solely by Collateral Agent, and (ii) in the event of a foreclosure by Collateral Agent on any of the Collateral pursuant to a public or private sale, Collateral Agent or any Lender may be the purchaser of any or all of such
Collateral at any such sale and Collateral Agent, as agent for and representative of Secured Parties (but not any Lender or Lenders in its or their respective individual capacities unless Requisite Lenders shall otherwise agree in writing) shall be
entitled, for the purpose of bidding and making settlement or payment of the purchase price for all or any portion of the Collateral sold at any such public sale, to use and apply any of the Obligations or any other amount due hereunder as a credit
on account of the purchase price for any collateral payable by Collateral Agent at such sale. Notwithstanding any other provision of the Credit Documents, prior to consummating any such public or private sale, the Collateral Agent shall provide the
Class B Lenders with the right (exercisable for a period of one (1) Business Day after written notice) to purchase any such Collateral for cash in immediately available funds at a price equal to $0.03125 higher than the next highest legitimate
and observable third-party bid. 
  

	SECTION 9.	MISCELLANEOUS 

 9.1 Notices. Unless otherwise specifically provided herein, any
notice or other communication herein required or permitted to be given to Company, Syndication Agent, Collateral Agent, Administrative Agent or Documentation Agent shall be sent to such Person’s address as set forth on Appendix B or in
the other relevant Credit Document, and in the case of any Class A Managing Agent or Lender, the address as indicated on Appendix B or otherwise indicated to Administrative Agent in writing. Each notice hereunder shall be in writing
and may be personally served, telexed or sent by telefacsimile or United States mail or courier service and shall be deemed to have been given when delivered in person or by courier service and signed for against receipt thereof, upon receipt of
telefacsimile or telex, or three (3) Business Days after depositing it in the United States mail with postage prepaid and properly addressed; provided, no notice to any Agent shall be effective until received by such Agent,
provided, however, that Company may deliver, or cause to be delivered, the Borrowing Base Certificate, Borrowing Base Report and any financial statements or reports (including any collateral performance tests) by electronic mail
pursuant to procedures approved by the Administrative Agent until any Agent or Lender notifies Company that it can no longer receive such documents using electronic mail. Any Borrowing Base Certificate, Borrowing Base Report or financial statements
or reports sent to an electronic mail address shall be deemed received upon the sender’s receipt of an acknowledgement from the intended recipient (such as by the “return receipt requested” function, if available, return electronic
mail or other written acknowledgement), provided, that if such document is sent after 5:00 p.m. Eastern Standard time, such document shall be deemed to have been sent at the opening of business on the next Business Day. 

  
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 9.2 Expenses. Company agrees to pay promptly (a) (i) all the Administrative
Agent’s actual, reasonable and documented out-of-pocket costs and expenses (including reasonable and customary fees and expenses of Simpson Thacher & Bartlett, counsel to the Administrative Agent) of negotiation, preparation, execution
and administration of the Credit Documents, including the Credit Document Amendments, and any consents, waivers or other amendments or modifications to the Credit Documents, (ii) all the Paying Agent’s actual, reasonable and documented
out-of-pocket costs and expenses (including reasonable and customary fees and expenses of counsel to the Paying Agent) in connection with the negotiation, preparation, execution and administration of the Credit Documents and any consents,
amendments, waivers or other modifications thereto, including the Credit Document Amendments, (iii) the reasonable and customary fees and expenses of a single counsel to KeyBank National Association (as successor by merger to Key Equipment
Finance, Inc.) in connection with the negotiation, preparation and execution of the Credit Document Amendments and any consents or waivers of, or other amendments or modifications to, the Credit Documents, and in connection with the administration
of the Credit Documents and (iv) the reasonable and customary fees and expenses of a single counsel to the Class B Revolving Lender in connection with the negotiation, preparation and execution of the Credit Document Amendments and any consents
or waivers of, or other amendments or modifications to, the Credit Documents, and in connection with the administration of the Credit Documents; (b) all the actual, documented out-of-pocket costs and reasonable out-of-pocket expenses of
creating, perfecting and enforcing Liens in favor of Collateral Agent, for the benefit of Secured Parties, including filing and recording fees, expenses and taxes, stamp or documentary taxes, search fees, title insurance premiums and reasonable and
documented out-of-pocket fees, expenses and disbursements of a single counsel for all Agents; (c) subject to the terms of this Agreement (including any limitations set forth in Section 5.5), all the Administrative Agent’s
actual, reasonable and documented out-of-pocket costs and reasonable fees, expenses for, and disbursements of any of Administrative Agent’s, auditors, accountants, consultants or appraisers incurred by Administrative Agent; (d) subject to
the terms of this Agreement, all the actual, reasonable and documented out-of-pocket costs and expenses (including the reasonable fees, expenses and disbursements of any appraisers, consultants, advisors and agents employed or retained by Collateral
Agent and its counsel) in connection with the custody or preservation of any of the Collateral; (e) subject in all cases to any express limitations set forth in any Credit Document, all other actual, reasonable and documented out-of-pocket
costs and expenses incurred by each Agent in connection with the syndication of the Loans and Commitments and the negotiation, preparation and execution of the Credit Documents and any consents, amendments, waivers or other modifications thereto and
the transactions contemplated thereby; (f) to the Class A Managing Agent for the Gemini Class A Lender Group all out-of-pocket expenses (including any amounts due to the rating agencies rating the Commercial Paper issued by the
Class A Revolving Conduit Lender in the Gemini Class A Lender Group) incurred in connection with satisfying the condition precedent set forth in Section 3.2(n), and (g) after the occurrence of a Default or an Event of
Default, all documented, out-of-pocket costs and expenses, including reasonable attorneys’ fees, and costs of settlement, incurred by any Agent or any Lender in enforcing any Obligations of or in collecting any payments due from Company or
Holdings hereunder or under the other Credit Documents by reason of such Default or Event of Default (including in connection with the sale of, collection from, or other realization upon any of the Collateral) or in connection with any refinancing
or restructuring of the credit arrangements provided hereunder in the nature of a “work out” or pursuant to any insolvency or bankruptcy cases or proceedings. 

  
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 9.3 Indemnity. 

(a) In addition to the payment of expenses pursuant to Section 9.2, whether or not the transactions contemplated hereby shall be
consummated, Company agrees to defend (subject to Indemnitees’ selection of counsel), indemnify, pay and hold harmless, each Affected Party and each Agent, their Affiliates and their respective officers, partners, directors, trustees, employees
and agents (each, an “Indemnitee”), from and against any and all Indemnified Liabilities, IN ALL CASES, WHETHER OR NOT CAUSED BY OR ARISING, IN WHOLE OR IN PART, OUT OF THE COMPARATIVE, CONTRIBUTORY, OR SOLE NEGLIGENCE OF SUCH
INDEMNITEE excluding any amounts not otherwise payable by Company under Section 2.16(b)(iii); provided, Company shall not have any obligation to any Indemnitee hereunder with respect to any Indemnified Liabilities to the
extent such Indemnified Liabilities arise from the gross negligence, bad faith or willful misconduct, as determined by a court of competent jurisdiction in a final non-appealable order of that Indemnitee. To the extent that the undertakings to
defend, indemnify, pay and hold harmless set forth in this Section 9.3 may be unenforceable in whole or in part because they are violative of any law or public policy, Company shall contribute the maximum portion that it is permitted to
pay and satisfy under applicable law to the payment and satisfaction of all Indemnified Liabilities incurred by Indemnitees or any of them. 

(b) To the extent permitted by applicable law, Company shall not assert, and Company hereby waives, any claim against any Affected Party or
Agent and their respective Affiliates, directors, employees, attorneys or agents, on any theory of liability, for special, indirect, consequential or punitive damages (as opposed to direct or actual damages) (whether or not the claim therefor is
based on contract, tort or duty imposed by any applicable legal requirement) arising out of, in connection with, as a result of, or in any way related to, this Agreement or any Credit Document or any agreement or instrument contemplated hereby or
thereby or referred to herein or therein, the transactions contemplated hereby or thereby, any Revolving Loan or the use of the proceeds thereof or any act or omission or event occurring in connection therewith, and Company hereby waives, releases
and agrees not to sue upon any such claim or any such damages, whether or not accrued and whether or not known or suspected to exist in its favor. 

9.4 Reserved. 

9.5 Amendments and Waivers. 

(a) Requisite Lenders’ Consent. Subject to Sections 9.5(b) and 9.5(c), no amendment, modification, termination or
waiver of any provision of the Credit Documents, or consent to any departure by Company or Holdings therefrom, shall in any event be effective without the written concurrence of Company, Administrative Agent and the Requisite Lenders. 

  
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 (b) Affected Lenders’ Consent. Without the written consent of each Lender (other than
a Defaulting Lender) that would be affected thereby, no amendment, modification, termination, or consent shall be effective if the effect thereof would: 

(i) extend the scheduled final maturity of any Loan or Revolving Loan Note; 

(ii) waive, reduce or postpone any scheduled repayment (but not prepayment); 

(iii) reduce the rate of interest on any Loan (other than any waiver of any increase in the interest rate applicable to any
Loan pursuant to Section 2.8) or any fee payable hereunder; 
 (iv) extend the time for payment of any such
interest or fees; 
 (v) reduce the principal amount of any Loan; 

(vi) (x) amend the definition of “Class A Borrowing Base” or “Class B Borrowing Base” or (y) amend,
modify, terminate or waive Section 2.12, Section 2.13 or Section 2.14 or any provision of this Section 9.5(b) or Section 9.5(c); 

(vii) amend the definition of “Requisite Lenders”, “Requisite Class A Lenders,” “Requisite
Class B Revolving Lenders,” “Class A Revolving Exposure,” “Class B Revolving Exposure,” “Committed Lender Pro Rata Share,” “Pro Rata Share,” “Applicable Class A Advance Rate,”
“Applicable Class B Advance Rate,” “Class A Revolving Availability,” “Class B “Revolving Availability” or any definition used therein; provided, with the consent of Administrative Agent, Company
and the Requisite Lenders, additional extensions of credit pursuant hereto may be included in the determination of “Requisite Lenders” or “Pro Rata Share” on substantially the same basis as the Revolving Commitments
and the Revolving Loans are included on the Original Closing Date; 
 (viii) release all or substantially all of the
Collateral except as expressly provided in the Credit Documents; or 
 (ix) consent to the assignment or transfer by Company
or Holdings of any of its respective rights and obligations under any Credit Document. 
 (c) Other Consents. No amendment,
modification, termination or waiver of any provision of the Credit Documents, or consent to any departure by Company or Holdings therefrom, shall: 

(i) increase any Revolving Commitment of any Lender over the amount thereof then in effect without the consent of such Lender;
provided, no amendment, modification or waiver of any condition precedent, covenant, Default or Event of Default shall constitute an increase in any Revolving Commitment of any Lender; 

  
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 (ii) amend, modify, terminate or waive any provision of
Section 3.3(a) with regard to any Credit Extension of the Class A Revolving Lenders without the consent of the Requisite Class A Lenders; or amend, modify, terminate or waive any provision of Section 3.3(a) with
regard to any Credit Extension of the Class B Revolving Lenders without the consent of the Requisite Class B Revolving Lenders; 

(iii) amend the definitions of “Eligibility Criteria” or “Eligible Receivables Obligor” or
amend any portion of Appendix C without the consent of each of the Requisite Class A Lenders and the Requisite Class B Lenders; 

(iv) amend or modify any provision of Sections 2.11, other than Sections 2.11(c)(vii) and 2.11(e), without
the consent of each of the Requisite Class A Lenders and the Requisite Class B Lenders; provided, however, that, notwithstanding the foregoing, any such amendment or modification during the continuance of any Hot Backup Servicer Event, Event of
Default or Servicer Default shall only require the consent of the Requisite Lenders; 
 (v) amend or modify any provision of
Section 7.1 without the consent of each of the Requisite Class A Lenders and the Requisite Class B Lenders; provided, however, that, notwithstanding the foregoing, any waiver of the occurrence of a Default or an Event of Default
shall only require the consent of the Requisite Lenders; or 
 (vi) amend, modify, terminate or waive any provision of
Section 8 as the same applies to any Agent, or any other provision hereof as the same applies to the rights or obligations of any Agent, in each case without the consent of such Agent. 

(d) Execution of Amendments, etc. Administrative Agent may, but shall have no obligation to, with the concurrence of the Requisite
Class A Lenders or any Class A Revolving Lender, execute amendments, modifications, waivers or consents on behalf of the Requisite Class A Lenders or such Class A Revolving Lender. Any waiver or consent shall be effective only in
the specific instance and for the specific purpose for which it was given. No notice to or demand on Company or Holdings in any case shall entitle Company or Holdings to any other or further notice or demand in similar or other circumstances. Any
amendment, modification, termination, waiver or consent effected in accordance with this Section 9.5 shall be binding upon each Lender at the time outstanding, each future Lender and, if signed by Company, on Company. Notwithstanding
anything to the contrary contained in this Section 9.5, if the Administrative Agent and Company shall have jointly identified an obvious error or any error or omission of a technical nature, in each case that is immaterial (as determined
by the Administrative Agent in its sole discretion), in any provision of the Credit Documents, then the Administrative Agent (as applicable, and in its respective capacity thereunder, the Administrative Agent or Collateral Agent) and Company shall
be permitted to amend such provision and such amendment shall become effective without any further action or consent by the Requisite Lenders if the same is not objected to in writing by the Requisite Lenders within five (5) Business Days
following receipt of notice thereof. 

  
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 9.6 Successors and Assigns; Participations. 

(a) Generally. This Agreement shall be binding upon the parties hereto and their respective successors and assigns and shall inure to
the benefit of the parties hereto and the successors and assigns of Lenders. Neither Company’s rights or obligations hereunder nor any interest therein may be assigned or delegated by it without the prior written consent of all Lenders. Nothing
in this Agreement, expressed or implied, shall be construed to confer upon any Person (other than the parties hereto, Indemnitee Agent Parties under Section 8.6, Indemnitees under Section 9.3, their respective successors and
assigns permitted hereby and, to the extent expressly contemplated hereby, Affiliates of each of the Agents and Lenders) any legal or equitable right, remedy or claim under or by reason of this Agreement. 

(b) Register. Company, Paying Agent, Administrative Agent and Lenders shall deem and treat the Persons listed as Lenders in the
Register as the holders and owners of the corresponding Commitments and Loans listed therein for all purposes hereof, and no assignment or transfer of any such Revolving Commitment or Loan shall be effective, in each case, unless and until an
Assignment Agreement effecting the assignment or transfer thereof shall have been delivered to and accepted by Administrative Agent and recorded in the Register as provided in Section 9.6(e). Prior to such recordation, all amounts owed
with respect to the applicable Revolving Commitment or Loan shall be owed to the Lender listed in the Register as the owner thereof, and any request, authority or consent of any Person who, at the time of making such request or giving such authority
or consent, is listed in the Register as a Lender shall be conclusive and binding on any subsequent holder, assignee or transferee of the corresponding Revolving Commitments or Loans. 

(c) Right to Assign. Each Lender shall have the right at any time to sell, assign or transfer all or a portion of its rights and
obligations under this Agreement, including, without limitation, all or a portion of its Revolving Commitment or Loans owing to it or other Obligations (provided, however, that each such assignment shall be of a uniform, and not
varying, percentage of all rights and obligations under and in respect of any Loan and any related Revolving Commitments) to any Person constituting an Eligible Assignee. Each such assignment pursuant to this Section 9.6(c) (other than
an assignment to any Person meeting the criteria of clause (i) of the definition of the term of “Eligible Assignee”) shall be in an aggregate amount of not less than $15,000,000 (or such lesser amount as may be agreed to by Company
and Administrative Agent or as shall constitute the aggregate amount of the Revolving Commitments and Revolving Loans of the assigning Lender) with respect to the assignment of the Revolving Commitments and Revolving Loans. 

(d) Mechanics. The assigning Lender and the assignee thereof shall execute and deliver to Administrative Agent an Assignment Agreement,
together with such forms, certificates or other evidence, if any, with respect to United States federal income tax withholding matters as the assignee under such Assignment Agreement may be required to deliver to Administrative Agent pursuant to
Section 2.16(e). 
 (e) Notice of Assignment. Upon the Administrative Agent’s receipt and acceptance of a duly
executed and completed Assignment Agreement and any forms, certificates or other evidence required by this Agreement in connection therewith, Administrative Agent shall (i) provide Paying Agent with written notice of such assignment, and Paying
Agent shall record the information contained in such notice in the Register, (ii) give prompt notice thereof to Company, and (iii) maintain a copy of such Assignment Agreement. 

  
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 (f) Representations and Warranties of Assignee. Each Lender, upon execution and delivery
of the Existing Credit Agreement or upon executing and delivering an Assignment Agreement, as the case may be, represents and warrants as of the Original Closing Date or as of the applicable Effective Date (as defined in the applicable Assignment
Agreement) that (i) it is an Eligible Assignee; (ii) it has experience and expertise in the making of or investing in commitments or loans such as the applicable Revolving Commitments or Loans, as the case may be; and (iii) it will
make or invest in, as the case may be, its Revolving Commitments or Loans for its own account in the ordinary course of its business and without a view to distribution of such Revolving Commitments or Loans within the meaning of the Securities Act
or the Exchange Act or other federal securities laws (it being understood that, subject to the provisions of this Section 9.6, the disposition of such Revolving Commitments or Loans or any interests therein shall at all times remain
within its exclusive control). 
 (g) Effect of Assignment. Subject to the terms and conditions of this Section 9.6, as
of the “Effective Date” specified in the applicable Assignment Agreement: (i) the assignee thereunder shall have the rights and obligations of a “Lender” hereunder to the extent such rights and obligations hereunder have
been assigned to it pursuant to such Assignment Agreement and shall thereafter be a party hereto and a “Lender” for all purposes hereof; (ii) the assigning Lender thereunder shall, to the extent that rights and obligations hereunder
have been assigned thereby pursuant to such Assignment Agreement, relinquish its rights (other than any rights which survive the termination hereof under Section 9.8) and be released from its obligations hereunder (and, in the case of an
Assignment Agreement covering all or the remaining portion of an assigning Lender’s rights and obligations hereunder, such Lender shall cease to be a party hereto; provided, anything contained in any of the Credit Documents to the
contrary notwithstanding, such assigning Lender shall continue to be entitled to the benefit of all indemnities hereunder as specified herein with respect to matters arising prior to the effective date of such assignment; (iii) the Revolving
Commitments shall be modified to reflect the Revolving Commitment of such assignee and any Revolving Commitment of such assigning Lender, if any; and (iv) if any such assignment occurs after the issuance of any Revolving Note hereunder, the
assigning Lender shall, upon the effectiveness of such assignment or as promptly thereafter as practicable, surrender its applicable Revolving Loan Notes to Administrative Agent for cancellation, and thereupon Company shall issue and deliver new
Revolving Loan Notes, if so requested by the assignee and/or assigning Lender, to such assignee and/or to such assigning Lender, with appropriate insertions, to reflect the new Revolving Commitments and/or outstanding Loans of the assignee and/or
the assigning Lender. 
 (h) Participations. Each Lender shall have the right at any time to sell one or more participations to any
Person (other than Holdings, any of its Subsidiaries or any of its Affiliates or a Direct Competitor) in all or any part of its Revolving Commitments, Loans or in any other Obligation. The holder of any such participation, other than an Affiliate of
the Lender granting such participation, shall not be entitled to require such Lender to take or omit to take any action hereunder except with respect to any amendment, modification or waiver that would (i) extend the final scheduled maturity of
any Loan or Revolving Loan Note in which such participant is participating, or reduce the rate or extend the time of payment of interest or fees 

  
 112 

 
thereon (except in connection with a waiver of applicability of any post-default increase in interest rates) or reduce the principal amount thereof, or
increase the amount of the participant’s participation over the amount thereof then in effect (it being understood that a waiver of any Default or Event of Default or of a mandatory reduction in the Revolving Commitment shall not constitute a
change in the terms of such participation, and that an increase in any Revolving Commitment or Loan shall be permitted without the consent of any participant if the participant’s participation is not increased as a result thereof),
(ii) consent to the assignment or transfer by Company of any of its rights and obligations under this Agreement, or (iii) release all or substantially all of the Collateral under the Collateral Documents (except as expressly provided in
the Credit Documents) supporting the Loans hereunder in which such participant is participating. Company agrees that each participant shall be entitled to the benefits of Sections 2.15 and 2.16 to the same extent as if it were a Lender
and had acquired its interest by assignment pursuant to clause (c) of this Section; provided, (i) a participant shall not be entitled to receive any greater payment under Section 2.15 or 2.16 than the applicable
Lender would have been entitled to receive with respect to the participation sold to such participant, except to the extent such entitlement to receive a greater payment results from a change in law that occurs after the participant acquired the
applicable participation, unless the sale of the participation to such participant is made with Company’s prior written consent, and (ii) a participant that would be a Non-US Lender if it were a
Lender shall not be entitled to the benefits of Section 2.16 unless a Company (through a Designated Officer) is notified of the participation at the time it is sold to such participant and such participant agrees, for the benefit of
Company, to comply with Section 2.16 as though it were a Lender. To the extent permitted by law, each participant also shall be entitled to the benefits of Section 9.4 as though it were a Lender, provided such Participant
agrees to be subject to Section 2.14 as though it were a Lender. Any Lender that sells such a participation shall, acting solely for this purpose as an agent of the Company, maintain a register on which it enters the name and
address of each Participant and the principal amounts (and stated interest) of each Participant’s interest in such participation and other obligations under this Agreement (the “Participant Register”); provided that no
Lender shall have any obligation to disclose all or any portion of the Participant Register to any Person other than Company (through a Designated Officer), including the identity of any Participant or any information relating to a
Participant’s interest or obligations under any Credit Document, except to the extent that such disclosure is necessary to establish that such Commitment, Loan or other obligation is in registered form under Section 5f.103-1(c) of the
United States Treasury Regulations. The entries in the Participant Register shall be conclusive absent manifest error, and such Lender shall treat each Person whose name is recorded in the Participant Register as the owner of such participation for
all purposes of this Agreement notwithstanding any notice to the contrary. For the avoidance of doubt, the Paying Agent (in its capacity as Paying Agent) shall have no responsibility for maintaining a Participant Register. The Register shall be
available for inspection by any Designated Officer of Company at any reasonable time and from time to time upon reasonable prior notice. Company shall not disclose the identity of any Participant of any Lender or any information relating to such
Participant’s interest or obligation to any Person, provided that Company may make (1) disclosures of such information to Affiliates of such Lender and to their agents and advisors provided that such Persons are
informed of the confidential nature of the information and will be instructed to keep such information confidential, and (2) disclosures required or requested by any Governmental Authority or representative thereof or by the NAIC or pursuant to
legal or judicial process or 

  
 113 

 
other legal proceeding; provided, that unless specifically prohibited by applicable law or court order, Company shall make reasonable efforts to notify the applicable Lender of any request
by any Governmental Authority or representative thereof (other than any such request in connection with any examination of the financial condition or other routine examination of Company by such Governmental Authority) for disclosure of any such non-public information prior to disclosure of such information.  
 (i) Certain Other
Assignments. In addition to any other assignment permitted pursuant to this Section 9.6: 
 (i) any Lender
may assign, pledge and/or grant a security interest in, all or any portion of its Loans, the other Obligations owed by or to such Lender, and its Revolving Loan Notes, if any, to secure obligations of such Lender including, without limitation, any
Federal Reserve Bank as collateral security pursuant to Regulation A of the Board of Governors of the Federal Reserve System and any operating circular issued by such Federal Reserve Bank; provided, no Lender, as between Company and such
Lender, shall be relieved of any of its obligations hereunder as a result of any such assignment and pledge, and provided further, in no event shall the applicable Federal Reserve Bank, pledgee or trustee be considered to be a
“Lender” or be entitled to require the assigning Lender to take or omit to take any action hereunder; and 
 (ii)
any Class A Revolving Conduit Lender may (i) with notice to the Company, and with the consent of the Managing Agent for the Lender Group of which it is a member, assign at any time all or any portion of its rights and obligations hereunder
and interests herein to (A) any other Lender, (B) any commercial paper conduit managed by such Class A Revolving Conduit Lender’s sponsor or administrator bank if the Commercial Paper of such commercial paper conduit have
short-term ratings from S&P and Moody’s that are equivalent to or higher than the short-term ratings by S&P and Moody’s of the Commercial Paper of such Class A Revolving Conduit Lender, (C) any Affiliate of such
Class A Revolving Conduit Lender’s sponsor bank or (D) any Liquidity Provider with respect to such Class A Revolving Conduit Lender. 

9.7 Independence of Covenants. All covenants hereunder shall be given independent effect so that if a particular action or condition is
not permitted by any of such covenants, the fact that it would be permitted by an exception to, or would otherwise be within the limitations of, another covenant shall not avoid the occurrence of a Default or an Event of Default if such action is
taken or condition exists. 
 9.8 Survival of Representations, Warranties and Agreements. All representations, warranties and
agreements made herein shall survive the execution and delivery hereof and the making of any Credit Extension. Notwithstanding anything herein or implied by law to the contrary, the agreements of Company set forth in Sections 2.15,
2.16, 9.2, 9.3, and 9.10, the agreements of Lenders set forth in Sections 2.14, 8.3(b) and 8.6 and the agreements of all parties hereto set forth in Sections 9.22 and 9.23 shall survive the
payment of the Loans and the termination hereof. 

  
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 9.9 No Waiver; Remedies Cumulative. No failure or delay on the part of any Agent or any
Lender in the exercise of any power, right or privilege hereunder or under any other Credit Document shall impair such power, right or privilege or be construed to be a waiver of any default or acquiescence therein, nor shall any single or partial
exercise of any such power, right or privilege preclude other or further exercise thereof or of any other power, right or privilege. The rights, powers and remedies given to each Agent and each Lender hereby are cumulative and shall be in addition
to and independent of all rights, powers and remedies existing by virtue of any statute or rule of law or in any of the other Credit Documents. Any forbearance or failure to exercise, and any delay in exercising, any right, power or remedy hereunder
shall not impair any such right, power or remedy or be construed to be a waiver thereof, nor shall it preclude the further exercise of any such right, power or remedy. 

9.10 Marshalling; Payments Set Aside. Neither any Agent nor any Lender shall be under any obligation to marshal any assets in favor of
Company or any other Person or against or in payment of any or all of the Obligations or any other amount due hereunder. To the extent that Company makes a payment or payments to Administrative Agent or Lenders (or to Administrative Agent, on behalf
of Lenders), or Administrative Agent, Collateral Agent or Lenders enforce any security interests or exercise their rights of setoff, and such payment or payments or the proceeds of such enforcement or setoff or any part thereof are subsequently
invalidated, declared to be fraudulent or preferential, set aside and/or required to be repaid to a trustee, receiver or any other party under any bankruptcy law, any other state or federal law, common law or any equitable cause, then, to the extent
of such recovery, the obligation or part thereof originally intended to be satisfied, and all Liens, rights and remedies therefor or related thereto, shall be revived and continued in full force and effect as if such payment or payments had not been
made or such enforcement or setoff had not occurred. 
 9.11 Severability. In case any provision in or obligation hereunder or any
Revolving Loan Note or other Credit Document shall be invalid, illegal or unenforceable in any jurisdiction, the validity, legality and enforceability of the remaining provisions or obligations, or of such provision or obligation in any other
jurisdiction, shall not in any way be affected or impaired thereby. 
 9.12 Obligations Several; Actions in Concert. The
obligations of Lenders hereunder are several and no Lender shall be responsible for the obligations or Commitment of any other Lender hereunder. Nothing contained herein or in any other Credit Document, and no action taken by Lenders pursuant hereto
or thereto, shall be deemed to constitute Lenders as a partnership, an association, a joint venture or any other kind of entity. Anything in this Agreement or any other Credit Document to the contrary notwithstanding, each Lender hereby agrees with
each other Lender that no Lender shall take any action to protect or enforce its rights arising out of this Agreement or any Revolving Loan Note or otherwise with respect to the Obligations without first obtaining the prior written consent of the
applicable Agent (other than the Paying Agent) or Requisite Lenders (as applicable), it being the intent of Lenders that any such action to protect or enforce rights under this Agreement and any Revolving Loan Note or otherwise with respect to the
Obligations shall be taken in concert and at the direction or with the consent of Agent or Requisite Lenders (as applicable). 

  
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 9.13 Headings. Section headings herein are included herein for convenience of reference
only and shall not constitute a part hereof for any other purpose or be given any substantive effect. 
 9.14 APPLICABLE LAW. THIS
AGREEMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK. 

9.15 CONSENT TO JURISDICTION. 

(A) ALL JUDICIAL PROCEEDINGS BROUGHT AGAINST COMPANY ARISING OUT OF OR RELATING HERETO OR ANY OTHER CREDIT DOCUMENT, OR ANY OF THE
OBLIGATIONS, MAY BE BROUGHT IN ANY STATE OR FEDERAL COURT OF COMPETENT JURISDICTION IN THE STATE, COUNTY AND CITY OF NEW YORK. BY EXECUTING AND DELIVERING THIS AGREEMENT, COMPANY, FOR ITSELF AND IN CONNECTION WITH ITS PROPERTIES, IRREVOCABLY
(a) ACCEPTS GENERALLY AND UNCONDITIONALLY THE NONEXCLUSIVE JURISDICTION AND VENUE OF SUCH COURTS; (b) WAIVES ANY DEFENSE OF FORUM NON CONVENIENS; (c) AGREES THAT SERVICE OF ALL PROCESS IN ANY SUCH PROCEEDING IN ANY SUCH COURT MAY BE
MADE BY REGISTERED OR CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO COMPANY AT ITS ADDRESS PROVIDED IN ACCORDANCE WITH SECTION 9.1 AND TO ANY PROCESS AGENT SELECTED IN ACCORDANCE WITH SECTION 3.1 ABOVE IS SUFFICIENT TO CONFER PERSONAL
JURISDICTION OVER COMPANY IN ANY SUCH PROCEEDING IN ANY SUCH COURT, AND OTHERWISE CONSTITUTES EFFECTIVE AND BINDING SERVICE IN EVERY RESPECT; AND (d) AGREES THAT AGENTS AND LENDERS RETAIN THE RIGHT TO SERVE PROCESS IN ANY OTHER MANNER PERMITTED
BY LAW OR TO BRING PROCEEDINGS AGAINST COMPANY IN THE COURTS OF ANY OTHER JURISDICTION. 
 (B) COMPANY HEREBY AGREES THAT PROCESS MAY
BE SERVED ON IT BY CERTIFIED MAIL, RETURN RECEIPT REQUESTED, TO THE ADDRESSES PERTAINING TO IT AS SPECIFIED IN SECTION 9.1 OR ON CORPORATION SERVICE COMPANY, 1180 AVENUE OF THE AMERICAS, SUITE 120, NEW YORK, NEW YORK 10036 AND HEREBY APPOINTS
CORPORATION SERVICE COMPANY, AS ITS AGENT TO RECEIVE SUCH SERVICE OF PROCESS. ANY AND ALL SERVICE OF PROCESS AND ANY OTHER NOTICE IN ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE EFFECTIVE AGAINST COMPANY IF GIVEN BY REGISTERED OR CERTIFIED MAIL,
RETURN RECEIPT REQUESTED, OR BY ANY OTHER MEANS OR MAIL WHICH REQUIRES A SIGNED RECEIPT, POSTAGE PREPAID, MAILED AS PROVIDED ABOVE. IN THE EVENT CORPORATION SERVICE COMPANY SHALL NOT BE ABLE TO ACCEPT SERVICE OF PROCESS AS AFORESAID AND IF COMPANY
SHALL NOT MAINTAIN AN OFFICE IN NEW YORK CITY, COMPANY SHALL PROMPTLY APPOINT AND MAINTAIN AN AGENT QUALIFIED TO ACT AS AN AGENT FOR 

  
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SERVICE OF PROCESS WITH RESPECT TO THE COURTS SPECIFIED IN THIS SECTION 9.15 ABOVE, AND ACCEPTABLE TO THE ADMINISTRATIVE AGENT, AS COMPANY’S AUTHORIZED AGENT TO ACCEPT AND ACKNOWLEDGE
ON COMPANY’S BEHALF SERVICE OF ANY AND ALL PROCESS WHICH MAY BE SERVED IN ANY SUCH ACTION, SUIT OR PROCEEDING. 
 9.16 WAIVER OF
JURY TRIAL. EACH OF THE PARTIES HERETO HEREBY AGREES TO WAIVE ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING HEREUNDER OR UNDER ANY OF THE OTHER CREDIT DOCUMENTS OR ANY DEALINGS BETWEEN THEM RELATING TO
THE SUBJECT MATTER OF THIS LOAN TRANSACTION OR THE LENDER/BORROWER RELATIONSHIP THAT IS BEING ESTABLISHED. THE SCOPE OF THIS WAIVER IS INTENDED TO BE ALL-ENCOMPASSING OF ANY AND ALL DISPUTES THAT MAY BE FILED
IN ANY COURT AND THAT RELATE TO THE SUBJECT MATTER OF THIS TRANSACTION, INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS AND ALL OTHER COMMON LAW AND STATUTORY CLAIMS. EACH PARTY HERETO ACKNOWLEDGES THAT THIS WAIVER IS A MATERIAL
INDUCEMENT TO ENTER INTO A BUSINESS RELATIONSHIP, THAT EACH HAS ALREADY RELIED ON THIS WAIVER IN ENTERING INTO THIS AGREEMENT, AND THAT EACH WILL CONTINUE TO RELY ON THIS WAIVER IN ITS RELATED FUTURE DEALINGS. EACH PARTY HERETO FURTHER WARRANTS AND
REPRESENTS THAT IT HAS REVIEWED THIS WAIVER WITH ITS LEGAL COUNSEL AND THAT IT KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. THIS WAIVER IS IRREVOCABLE, MEANING THAT IT MAY NOT BE MODIFIED EITHER
ORALLY OR IN WRITING (OTHER THAN BY A MUTUAL WRITTEN WAIVER SPECIFICALLY REFERRING TO THIS SECTION 9.16 AND EXECUTED BY EACH OF THE PARTIES HERETO), AND THIS WAIVER SHALL APPLY TO ANY SUBSEQUENT AMENDMENTS, RENEWALS, SUPPLEMENTS OR
MODIFICATIONS HERETO OR ANY OF THE OTHER CREDIT DOCUMENTS OR TO ANY OTHER DOCUMENTS OR AGREEMENTS RELATING TO THE LOANS MADE HEREUNDER. IN THE EVENT OF LITIGATION, THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL BY THE COURT. 

9.17 Confidentiality. Each Agent and Lender shall hold all non-public information regarding
Holdings and its Subsidiaries and their businesses obtained by such Lender or Agent confidential and shall not disclose such information; provided, however, that, in any event, a Lender or Agent may make (a) disclosures of such
information to Affiliates of such Lender or Agent and to their agents, auditors, attorneys and advisors (and to other persons authorized by a Lender or Agent to organize, present or disseminate such information in connection with disclosures
otherwise made in accordance with this Section 9.17) provided that such Persons are informed of the confidential nature of the information and agree to keep, or with respect to the Collateral Agent and Paying Agent such Persons
will be instructed to keep, such information confidential, (b) disclosures of such information to any other Lender or Agent, (c) disclosures of such information reasonably required by any bona fide or potential assignee, transferee or
participant in connection with the contemplated assignment, transfer or participation by such 

  
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Lender of any Revolving Loans or any participations therein, provided that no disclosure shall be made to any Direct Competitor except in connection with an assignment or potential
assignment to a Direct Competitor that is an Eligible Assignee and such Persons are informed of the confidential nature of the information and agree to hold such confidential information substantially in accordance with the terms of this
Section 9.17, (d) disclosure to any rating agency when required by it, (e) disclosure to any Lender’s financing source or the directors, trustees, officers, employees, agents, attorneys, independent or internal auditors,
financial advisors or other professional advisors of such financing source who, in each case, agree to hold confidential such confidential information substantially in accordance with this Section 9.17, (f) disclosures required by
any applicable statute, law, rule or regulation or requested by any Governmental Authority or representative thereof or by any regulatory body or by the NAIC or pursuant to legal or judicial process or other legal proceeding; provided, that
unless specifically prohibited by applicable law or court order, each Lender or Agent shall make reasonable efforts to notify Company of any request by any Governmental Authority or representative thereof (other than any such request in connection
with any examination of the financial condition or other routine examination of such Lender or Agent by such Governmental Authority) for disclosure of any such non-public information prior to disclosure of
such information, and (e) any other disclosure authorized by the Company in writing in advance. Notwithstanding the foregoing, (i) the foregoing shall not be construed to prohibit the disclosure of any information that is or becomes
publicly known or information obtained by a Lender or Agent from sources other than the Company other than as a result of a disclosure by an Agent or Lender known (or that should have reasonably been known) to be in violation of this
Section 9.17, and (ii) on or after the Original Closing Date, the Administrative Agent may, at its own expense issue news releases and publish “tombstone” advertisements and other announcements generally describing this
transaction in newspapers, trade journals and other appropriate media (which may include use of logos of Company or Holdings) (collectively, “Trade Announcements”). Company shall not issue, and shall cause Holdings not to issue, any
Trade Announcement using the name of any Agent or Lender, or their respective Affiliates or referring to this Agreement or the other Credit Documents, or the transactions contemplated thereunder except (x) disclosures required by applicable
law, regulation, legal process or the rules of the Securities and Exchange Commission or (y) with the prior approval of Administrative Agent (such approval not to be unreasonably withheld). 

9.18 Usury Savings Clause. Notwithstanding any other provision herein, the aggregate interest rate charged or agreed to be paid with
respect to any of the Obligations, including all charges or fees in connection therewith deemed in the nature of interest under applicable law shall not exceed the Highest Lawful Rate. If the rate of interest (determined without regard to the
preceding sentence) under this Agreement at any time exceeds the Highest Lawful Rate, the outstanding amount of the Loans made hereunder shall bear interest at the Highest Lawful Rate until the total amount of interest due hereunder equals the
amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect. In addition, if when the Loans made hereunder are repaid in full the total interest due hereunder
(taking into account the increase provided for above) is less than the total amount of interest which would have been due hereunder if the stated rates of interest set forth in this Agreement had at all times been in effect, then to the extent
permitted by law, Company shall pay to Administrative Agent an amount equal to the difference between the amount of interest paid and the amount of interest which would have been paid if 

  
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the Highest Lawful Rate had at all times been in effect. Notwithstanding the foregoing, it is the intention of Lenders and Company to conform strictly to any applicable usury laws. Accordingly,
if any Lender contracts for, charges, or receives any consideration which constitutes interest in excess of the Highest Lawful Rate, then any such excess shall be cancelled automatically and, if previously paid, shall at such Lender’s option be
applied to the outstanding amount of the Loans made hereunder or be refunded to Company. In determining whether the interest contracted for, charged, or received by Administrative Agent or a Lender exceeds the Highest Lawful Rate, such Person may,
to the extent permitted by applicable law, (a) characterize any payment that is not principal as an expense, fee, or premium rather than interest, (b) exclude voluntary prepayments and the effects thereof, and (c) amortize, prorate,
allocate, and spread in equal or unequal parts the total amount of interest, throughout the contemplated term of the Obligations hereunder. 

9.19 Counterparts. This Agreement may be executed in any number of counterparts, each of which when so executed and delivered shall be
deemed an original, but all such counterparts together shall constitute but one and the same instrument. 
 9.20 Effectiveness. This
Agreement shall become effective upon the execution of a counterpart hereof by each of the parties hereto and receipt by Company and Administrative Agent of written or telephonic notification of such execution and authorization of delivery thereof.

 9.21 Patriot Act. Each Lender and Administrative Agent (for itself and not on behalf of any Lender) hereby notifies Company that
pursuant to the requirements of the Act, it is required to obtain, verify and record information that identifies Company, which information includes the name and address of Company and other information that will allow such Lender or Administrative
Agent, as applicable, to identify Company in accordance with the Act. 
 9.22 Limitation of Liability. 

(a) Notwithstanding anything to the contrary contained herein, the obligations of the Class A Revolving Conduit Lenders under this
Agreement are solely the corporate obligations of each such Class A Revolving Conduit Lender and shall be payable only at such time as funds are actually received by, or are available to, such Class A Revolving Conduit Lender in excess of
funds necessary to pay in full all outstanding Commercial Paper issued by such Class A Revolving Conduit Lender and, to the extent funds are not available to pay such obligations, the claims relating thereto shall not constitute a claim against
such Class A Revolving Conduit Lender. Each party hereto agrees that the payment of any claim (as defined in Section 101 of Title 11 of the Bankruptcy Code) of any such party shall be subordinated to the payment in full of all Commercial
Paper. 
 (b) No recourse under any obligation, covenant or agreement of any Class A Revolving Conduit Lender contained in this
Agreement shall be had against any incorporator, stockholder, officer, director, member, manager, employee or agent of such Class A Revolving Conduit Lender or any of its Affiliates (solely by virtue of such capacity) by the enforcement of any
assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that this Agreement is solely a corporate obligation of 

  
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such Class A Revolving Conduit Lender, and that no personal liability whatever shall attach to or be incurred by any incorporator, stockholder, officer, director, member, manager, employee
or agent of any Class A Revolving Conduit Lender or any of its Affiliates (solely by virtue of such capacity) or any of them under or by reason of any of the obligations, covenants or agreements of such Class A Revolving Conduit Lender
contained in this Agreement, or implied therefrom, and that any and all personal liability for breaches by any Class A Revolving Conduit Lender of any of such obligations, covenants or agreements, either at common law or at equity, or by
statute, rule or regulation, of every such incorporator, stockholder, officer, director, member, manager, employee or agent is hereby expressly waived as a condition of and in consideration for the execution of this Agreement; provided that
the foregoing shall not relieve any such Person from any liability it might otherwise have as a result of fraudulent actions taken or fraudulent omissions made by them. 

9.23 No Proceedings. Company, each Lender, each Managing Agent and each Agent each hereby agrees that it will not institute against any
Class A Revolving Conduit Lender any proceeding under any Debtor Relief Laws so long as any Commercial Paper issued by such Conduit Lender shall be outstanding or there shall not have elapsed one year plus one day since the last day on which
any such Commercial Paper shall have been outstanding. 
 [Remainder of page intentionally left blank] 

  
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 IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be duly executed and
delivered by their respective officers thereunto duly authorized as of the date first written above. 
  

					
	ON DECK CAPITAL, INC., for purposes of Sections 5.10 and 5.13 only
		
	By:	 	 /s/ Howard Katzenberg

		 	Name:	 	Howard Katzenberg
		 	Title:	 	Chief Financial Officer
	
	ONDECK ACCOUNT RECEIVABLES TRUST 2013-1 LLC, as Company
		
	By:	 	 /s/ Howard Katzenberg

		 	Name:	 	Howard Katzenberg
		 	Title:	 	Chief Financial Officer
	
	DEUTSCHE BANK AG, NEW YORK BRANCH, as Administrative Agent and Collateral Agent
		
	By:	 	 /s/ Karan Mehta

		 	Name:	 	Karan Mehta
		 	Title:	 	Director
		
	By:	 	 /s/ Kevin A. Tanzer

		 	Name:	 	Kevin Tanzer
		 	Title:	 	Managing Director
	
	DEUTSCHE BANK SECURITIES INC., as Syndication Agent, Documentation Agent and Lead Arranger
		
	By:	 	 /s/ Karan Mehta

		 	Name:	 	Karan Mehta
		 	Title:	 	Director
		
	By:	 	 /s/ Kevin A. Tanzer

		 	Name:	 	Kevin Tanzer
		 	Title:	 	Managing Director

 
					
	DEUTSCHE BANK TRUST COMPANY AMERICAS, as Paying Agent
		
	By:	 	 /s/ Lucy Hsieh

		 	Name:	 	Lucy Hsieh
		 	Title:	 	Assistant Vice President
		
	By:	 	 /s/ Rajesh Rampersaud

		 	Name:	 	Rajesh Rampersaud
		 	Title:	 	Assistant Vice President
	
	DEUTSCHE BANK AG, NEW YORK BRANCH, as a Class A Revolving Committed Lender
		
	By:	 	 /s/ Karan Mehta

		 	Name:	 	Karan Mehta
		 	Title:	 	Director
		
	By:	 	 /s/ Colin Bennett

		 	Name:	 	Colin Bennett
		 	Title:	 	Director
	
	GEMINI SECURITIZATION CORP. LLC, as a Class A Revolving Conduit Lender
		
	By:	 	 /s/ David V. DeAngelis

		 	Name:	 	David V. DeAngelis
		 	Title:	 	Vice President
	
	KEYBANK NATIONAL ASSOCIATION, as a Class A Revolving Conduit Lender
		
	By:	 	 /s/ Richard Andersen

		 	Name:	 	Richard Andersen
		 	Title:	 	Designated Signer
	
	WATERFALL ASSET MANAGEMENT, LLC, ON BEHALF OF ONE OR MORE OF ITS INVESTMENT MANAGEMENT CLIENTS, as a Class B Revolving Lender
		
	By:	 	 /s/ Thomas Capasse

		 	Name:	 	Thomas Capasse
		 	Title:	 	Authorized Person

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