Document:

EX-10.22

EXHIBIT 10.22

SUBORDINATED GUARANTOR SECURITY AGREEMENT

          THIS SUBORDINATED GUARANTOR SECURITY AGREEMENT (together with all amendments and other
modifications, if any from time to time hereto, this “Security Agreement”), is dated as of
February 20, 2009, by and among EACH OF THE GRANTORS SIGNATORY HERETO AND EACH ADDITIONAL PARTY
THAT BECOMES A GRANTOR HERETO PURSUANT TO SECTION 25 HEREOF (together with their respective
successors and assigns, collectively “Grantors” and each individually “Grantor”),
and BMO CAPITAL MARKETS CORP., as collateral agent for the Secured Parties (in such capacity, the
“Collateral Agent”).

W I T N E S S E T H:

     WHEREAS, Palisades Acquisition XVI, LLC (the “Borrower”), Palisades Collection L.L.C.,
as the servicer of the Receivables (in such capacity, the “Servicer”), Fairway Finance
Company, LLC, a Delaware limited liability company (together with its successors and assigns, the
“Lender”), BMO Capital Markets Corp., as administrative agent for the Lender (in such
capacity, the “Administrator”) and as Collateral Agent, and Bank of Montreal, as liquidity
agent for the Liquidity Providers (in such capacity, the “Liquidity Collateral Agent”),
have entered into a Receivables Financing Agreement, dated as of March 2, 2007 (as amended,
supplemented or otherwise modified from time to time, the “Receivables Financing
Agreement”), pursuant to which the Lender, subject to the terms and conditions of the
Receivables Financing Agreement, has made Loans to the Borrower, which Loans are evidenced by the
Lender Note;

     WHEREAS, the Grantors have entered into the Subordinated Limited Recourse Guaranty Agreement,
dated as of the date hereof (as amended, supplemented or otherwise modified from time to time, the
“Guaranty”) in favor of Collateral Agent; and

     WHEREAS, the Grantors have agreed to grant a security interest in certain collateral to the
Collateral Agent in order to secure the Grantors’ obligations to the Collateral Agent under the
Guaranty;

     WHEREAS, the senior secured creditors of Grantors have, as a condition to consenting to the
Guaranty and this Security Agreement, required that the Secured Parties subordinate their liens and
claims as set forth in the Senior Creditor Intercreditor Agreement;

     WHEREAS, one of the Grantors, Asta, has issued promissory notes to the order of Asta Group,
Incorporated, in the aggregate principal amount of $8,226,278 (as amended, supplemented or
otherwise modified from time to time, collectively, the “Asta Group Notes”) and the other
Grantors have agreed to guarantee payment of the Asta Group Notes pursuant to the Subordinated
Limited Recourse Guaranty Agreement dated as of the date hereof (as amended, supplemented or
otherwise modified from time to time, the “Asta Group Guaranty”);

     WHEREAS, Asta has agreed to grant a security interest in certain collateral to Asta Group in
order to secure Asta’s liability under the Asta Group Notes and other Grantors have

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agreed to grant to Asta Group a security interest in certain collateral in order to secure
their liability under the Asta Group Guaranty; and

     WHEREAS, the Collateral Agent and Asta Group have agreed to enter into the Junior Creditor
Intercreditor Agreement to provide, among other things, that its liens will be pari
pasu .

     NOW, THEREFORE, THE PARTIES HERETO FOR GOOD AND VALUABLE CONSIDERATION AGREE AS FOLLOWS:

          1. DEFINED TERMS.

               (a) Unless otherwise defined herein, terms defined in the Receivables Financing Agreement or
the Guaranty are used in this Security Agreement (including the recitals hereof) as therein
defined. All other terms contained in this Security Agreement, unless the context indicates
otherwise or such terms are defined below, have the meanings provided for by the UCC to the extent
the same are used or defined therein and, otherwise, as set forth in the Receivables Financing
Agreement or the Guaranty, as applicable. In addition, the following terms shall have the
following meanings (such meanings to be applicable to both the singular and plural forms of the
terms defined):

               “Asta” means Asta Funding, Inc.

               “Borrower” has the meaning set forth in the preamble, or its permitted
successors or assigns.

               “Collateral” has the meaning set forth in Section 2.

               “Collateral Agent” has the meaning set forth in the preamble; or its permitted
successors or assigns.

               “Excluded Assets” has the meaning set forth in Section 2(a).

               “Guaranty” has the meaning set forth in the preamble.

               “IDB” means Israel Discount Bank of New York, a New York banking corporation, in its
capacity as collateral agent, together with its successors and assigns.

               “Loan Agreement” means the Fourth Amended and Restated Loan Agreement, entered into as
of July 11, 2006, by and among Asta, each of the Borrowers party thereto, each of the Guarantors
party thereto, IDB and Merrill Lynch Capital, as amended, supplemented or otherwise modified from
time to time.

               “Intercreditor Agreements” means the Senior Lender Intercreditor Agreement and the
Junior Lender Intercreditor Agreement.

               “Junior Lender Intercreditor Agreement” means the intercreditor agreement, dated as of
the date hereof, by and between Asta Group, Incorporated and the Collateral Agent.

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               “Lien” means any mortgage, lien, pledge, charge, right, claim, security interest or
encumbrance of any kind of or on any Person’s assets or properties in favor of any other Person
(including any UCC financing statement or any similar instrument filed against such Person’s assets
or properties).

               “Permitted Encumbrances” means any “Senior Lien” (as defined in the Senior Lender
Intercreditor Agreement), any “Junior Lien” (as defined in the Junior Lender Intercreditor
Agreement), Liens permitted under any “Senior Indebtedness” (as defined in the Senior Lender
Intercreditor Agreement) or otherwise consented to by the “Senior Agent” (as defined in the Senior
Lender Intercreditor Agreement) and purchase money Liens against assets other than Portfolios.

               “Portfolio” means each group or pool or consumer loans acquired by any of the
Borrowers (as defined in the IDB Loan Agreement) from a single seller (or seller and its
affiliates) in a single purchase transaction, which consumer loans are recorded and administered in
the books and records of the Borrower acquiring the same as a separate group or pool of consumer
loans.

               “Portfolio Acquisition Document” means the purchase and other agreements between a
Credit Party (as defined in the Loan Agreement) and the seller of each Portfolio, as each may be
amended.

               “Receivables Financing Agreement” has the meaning set forth in the preamble.

               “Security Agreement” has the meaning set forth in the preamble.

               “Senior Creditor Intercreditor Agreement” means the subordination and intercreditor
agreement, dated as of the date hereof, by and between IDB and the Collateral Agent.

               “Servicing Agreement” has the meaning set forth in Section 2(a)(xvii).

               “Tangible Net Worth” means, with respect to the Grantors, the aggregate shareholders’
equity (or the equivalent thereof) of the Grantors calculated in accordance with GAAP consistently
applied after subtracting therefrom the aggregate amount of the Grantors’ intangible assets (as
determined in accordance with GAAP), including, without limitation, goodwill, franchises, licenses,
patents, trademarks, tradenames, copyrights and service marks and after subtracting any equity of
the Borrower calculated in accordance with GAAP.

               “Tangible Net Worth Trigger Event” means on any date that the Tangible Net Worth is
less than $50,000,000.

               (b) “UCC jurisdiction” means any jurisdiction that has adopted all or substantially all of
Article 9 as contained in the 2000 Official Text of the Uniform Commercial Code, as recommended by
the National Conference of Commissioners on Uniform State Laws and the American Law Institute,
together with any subsequent amendments or modifications to the Official Text.

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          2. GRANT OF LIEN.

               (a) To secure the prompt and complete payment, performance and observance of all of the
Guaranteed Obligations, each Grantor hereby grants, assigns, conveys, mortgages, pledges,
hypothecates and transfers to Collateral Agent, for the benefit of the Secured Parties, a security
interest in and Lien that is prior to any Lien or security interest other than Permitted
Encumbrances upon all of its right, title and interest in, to and under all property, including
personal property and other assets, whether now owned by or owing to, or hereafter acquired by or
arising in favor of such Grantor (including under any trade names, styles or derivations thereof),
and whether owned or consigned by or to, or leased from or to, such Grantor, and regardless of
where located (all of which being hereinafter collectively referred to as the
“Collateral”), including, without limitation, the following:

                    (i) all Accounts;

                    (ii) all Chattel Paper (including Electronic chattel paper and Tangible chattel paper);

                    (iii) all Documents;

                    (iv) all General Intangibles (including Payment intangibles and Software and tax refunds);

                    (v) all Contracts;

                    (vi) all Licenses;
(vii) all Goods (including Inventory, Equipment and Fixtures);
(viii) all Consumer Loans;
(ix) all Instruments;

                    (x) all Investment Property;

                    (xi) all Intellectual Property;

                    (xii) all Deposit Accounts and Securities Accounts of any Grantor, and all other bank accounts
and all deposits therein;

                    (xiii) all money, cash or cash equivalents of any Grantor;

                    (xiv) all Supporting Obligations and Letter-of-credit rights of any Grantor;

                    (xv) all Commercial tort claims;

                    (xvi) without limiting any of the foregoing, all Portfolios and Portfolio Acquisition
Documents and all accounts receivable, consumer receivables, rights to

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payment of a monetary obligation, whether or not earned by performance, and other Accounts
constituting any or all of the Portfolios;

                    (xvii) the Collateral (as defined in the Senior Lender Intercreditor Agreement); and

                    (xviii) all right, title and interest of Grantors in and to all servicing agreements, master
servicing agreements, servicing and collection agreements and other similar contracts and
agreements relating to any Portfolio (or any portion of a Portfolio) or Account (the “Servicing
Agreements”) and any right to payment arising under the Servicing Agreements; and to the extent not
otherwise included, all Proceeds, tort claims, insurance claims and other rights to payments not
otherwise included in the foregoing and products of the foregoing and all accessions to,
substitutions and replacements for, and rents and profits of, each of the foregoing.

Notwithstanding the foregoing, the Collateral shall not include any assets leased or licensed to
any Grantor from any unaffiliated third party if the granting of a security interest therein is
prohibited by or otherwise would materially breach the terms of such lease or license (the property
covered by such lease or license being hereinafter referred to as “Excluded Assets”).

               (b) Subject to the terms of the Guaranty, to secure the prompt and complete payment,
performance and observance of the Guaranteed Obligations, each Grantor hereby grants to Collateral
Agent, for itself and the benefit of Secured Parties, a right of setoff against the Cash Collateral
Account (as defined in the Guaranty).

          3. COLLATERAL AGENT’S AND SECURED PARTIES’ RIGHTS: LIMITATIONS ON COLLATERAL AGENT’S AND
SECURED PARTIES’ OBLIGATIONS.

               (a) It is expressly agreed by Grantors that, anything herein to the contrary notwithstanding,
each Grantor shall remain liable for the Collateral and all aspects of the Collateral. Neither
Collateral Agent nor any Secured Party shall have any obligation or liability under any Contract or
License by reason of or arising out of this Security Agreement or the granting herein of a security
interest or Lien thereon or the receipt by Collateral Agent or any Secured Party of any payment
relating to any Contract or License pursuant hereto. Neither Collateral Agent nor any Secured
Party shall be required or obligated in any manner to perform or fulfill any of the obligations of
any Grantor under or pursuant to any Contract or License, or to make any payment, or to make any
inquiry as to the nature or the sufficiency of any payment received by it or the sufficiency of any
performance by any party under any Contract or License, or to present or file any claims, or to
take any action to collect or enforce any performance or the payment of any amounts which may have
been assigned to it or to which it may be entitled at any time or times.

               (b) Subject to the terms of the Intercreditor Agreements and the limitations set forth in the
Guaranty, Collateral Agent may, at any time upon the occurrence and continuance of a Termination
Event, upon notice to any Grantor, notify Account Debtors and/or servicers thereof and other
Persons obligated on the Collateral that Collateral Agent has a security interest therein, and that
payments shall be made directly to Collateral Agent upon the occurrence of a Termination Event.
Subject to the terms of the Intercreditor Agreements and the

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limitations set forth in the Guaranty, upon the occurrence and during the continuance of a
Termination Event, at the request of Collateral Agent, in its reasonable business discretion, each
Grantor shall notify Account Debtors and other Persons obligated on the Collateral that Collateral
Agent has a first-priority security interest in the Collateral (subject to Permitted Encumbrances).
Once any such notice has been given to any Account Debtor or other Person obligated on the
Collateral, the affected Grantor shall not give any contrary instructions to such Account Debtor or
other Person without Collateral Agent’s prior written consent.

               (c) Subject to the terms of the Intercreditor Agreements and the limitations set forth in the
Guaranty, Collateral Agent may at any time in Collateral Agent’s own name, in the name of a nominee
of Collateral Agent or in the name of any Grantor communicate (by mail, telephone, facsimile or
otherwise) with Account Debtors and/or servicers thereof, any parties to Contracts and obligors in
respect of Instruments to verify, to Collateral Agent’s satisfaction, the existence, amount, terms
of, and any other matter relating to, Accounts, payment intangibles, Instruments or Chattel Paper
or other Collateral.

          4. REPRESENTATIONS AND WARRANTIES. Each Grantor represents and warrants that:

               (a) Each Grantor has rights in and the power to transfer each item of the Collateral (other
than Excluded Assets) upon which it purports to grant a security interest and Lien hereunder, free
and clear of any and all Liens other than Permitted Encumbrances.

               (b) No effective security agreement, financing statement, equivalent security or Lien
instrument or continuation statement covering all or any part of the Collateral is on file or of
record in any public office, except such as may have been filed (i) by any Grantor in favor of
Collateral Agent pursuant to this Security Agreement or the other Transaction Documents, (ii) in
connection with any other Permitted Encumbrances, and (iii) financing statements describing a
Grantor’s purchase or sale of Collateral.

               (c) This Security Agreement is effective to create a valid and continuing security interest in
and other Lien (as applicable) on the Collateral and, upon the filing of the appropriate financing
statements listed on Schedule I attached hereto, a perfected security interest in favor of
Collateral Agent, for itself and the benefit of Secured Parties on the Collateral, with respect to
which a security interest may be perfected by filing pursuant to the UCC. Such security interest
in favor of Collateral Agent, for the benefit of Collateral Agent and Secured Parties, is senior
and prior to all other security interests and Liens in the Collateral, except Permitted
Encumbrances, and is enforceable as such as against any and all creditors of and purchasers from
any Grantor (other than purchasers and lessees of Accounts in the ordinary course of business,
non-exclusive licensees of General Intangibles in the ordinary course of business). All action by
any Grantor necessary or reasonably desirable to protect and perfect such Lien on each item of the
Collateral has been duly taken which can be perfected by filing a UCC financing statement.

               (d) Upon the occurrence of the Tangible Net Worth Trigger Event (for so long as the Tangible
Net Worth Trigger Event continues) and to the extent that all Senior Indebtedness has been Paid in
Full, upon the request of the Collateral Agent, the Grantors shall

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prepare a schedule from time to time upon the request of the Collateral Agent listing all
Instruments and Chattel Paper of each Grantor. The Lien of Collateral Agent, for the benefit of
Collateral Agent and Secured Parties, on the Collateral listed on such schedule is senior and prior
to all other Liens, except Permitted Encumbrances, that would be prior to the Liens in favor of
Collateral Agent as a matter of law, and is enforceable as such against any and all creditors of
and purchasers from any Grantor.

               (e) Each Grantor’s name as it appears in official filings in the state of its incorporation or
other organization, the type of entity of each Grantor (including corporation, partnership, limited
partnership or limited liability company), organizational identification number issued by each
Grantor’s state of incorporation or organization or a statement that no such number has been
issued, each Grantor’s state of organization or incorporation, and the location of each Grantor’s
chief executive office, are set forth on Schedules IIA — IIH, respectively,
hereto. Each Grantor has only one state of incorporation or organization.

               (f) With respect to Accounts: (i) the Accounts are owned by Grantors, free and clear of all
Liens, except for Permitted Encumbrances; and (ii) Grantors have the right to pursue the collection
of the Accounts.

          5. COVENANTS. Each Grantor, jointly and severally, covenants and agrees with
Collateral Agent, for the benefit of Collateral Agent and Secured Parties, that from and after the
date of this Security Agreement and until the Guaranteed Obligations have been indefeasibly paid in
full:

               (a) Further Assurances.

                    (i) Upon the occurrence of the Tangible Net Worth Trigger Event (for so long as the Tangible
Net Worth Trigger Event continues), upon the written request of the Collateral Agent and at the
sole expense of Grantors, each Grantor shall promptly and duly execute and deliver any and all such
further instruments and documents and take such further actions with respect to any Collateral
valued (in accordance with GAAP) at or above twenty-five thousand dollars ($25,000) as Collateral
Agent may reasonably deem desirable to obtain the full benefits of this Security Agreement and of
the rights and powers herein granted. Each Grantor hereby authorizes Collateral Agent and the
Secured Parties to file and record in such public records offices as Collateral Agent and the
Secured Parties may reasonably determine such financing statements as Collateral Agent and the
Secured Parties may reasonably determine relative to the transactions contemplated by this Security
Agreement.

                    (ii) Each Grantor hereby irrevocably authorizes Collateral Agent and Secured Parties at any
time and from time to time to file in any filing office in any UCC jurisdiction any initial
financing statements and amendments thereto that (a) indicate the Collateral (i) as all assets of
such Grantor or words of similar effect, regardless of whether any particular asset comprised in
the Collateral falls within the scope of Article 9 of the UCC or such jurisdiction, or (ii) as
being of an equal or lesser scope or with greater detail, and (b) contain any other information
required by part 5 of Article 9 of the UCC for the sufficiency or filing office acceptance of any
financing statement or amendment, including whether such Grantor is an organization, the type of
organization and any organization identification number issued to such

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Grantor. Each Grantor agrees to furnish any such information to Collateral Agent promptly
upon request. Each Grantor also ratifies its authorization for Collateral Agent to have filed in
any UCC jurisdiction any initial financing statements or amendments thereto if filed prior to the
date hereof.

                    (iii) Subject to the terms of the Intercreditor Agreements, upon the occurrence of the
Tangible Net Worth Trigger Event, upon the request of the Collateral Agent, each Grantor shall
promptly notify Collateral Agent of any material commercial tort claim (as defined in the UCC)
acquired by it and unless otherwise consented by Collateral Agent, such Grantor shall enter into a
supplement to this Security Agreement, granting to Collateral Agent a Lien in such material
commercial tort claim.

               (b) Maintenance of Records. Grantors shall keep and maintain, at their own cost and
expense, records of the Collateral kept in the ordinary course of business, including a record of
any and all payments received and any and all credits granted with respect to the Collateral and
all other dealings with the Collateral.

               (c) Indemnification. Subject to the limitations set forth in the Intercreditor
Agreements and the Guaranty, in any suit, proceeding or action brought by Collateral Agent or any
Secured Party relating to any Collateral for any sum owing with respect thereto or to enforce any
rights or claims with respect thereto, each Grantor will save, indemnify and keep Collateral Agent
and Secured Parties harmless from and against all expense (including reasonable attorneys’ fees and
expenses), loss or damage suffered by reason of any defense, setoff, counterclaim, recoupment or
reduction of liability whatsoever of the Account Debtor or other Person obligated on the
Collateral, arising out of a breach by any Grantor of any obligation thereunder or arising out of
any other agreement, indebtedness or liability at any time owing to, or in favor of, such obligor
or its successors from such Grantor, except in the case of Collateral Agent or any Secured Party,
to the extent: (i) such expense, loss, or damage is attributable to the gross negligence or willful
misconduct of Collateral Agent or such Secured Party as finally determined by a court of competent
jurisdiction, or (ii) of Collateral Agent’s or any Secured Party’s failure to act in a commercially
reasonable manner (as finally determined by a court of competent jurisdiction) such that such
failure is determined by a court of competent jurisdiction to be egregious, unconscionable and
beyond the standards of experienced commercial lenders in similar circumstances. All such
obligations of Grantors shall be and remain enforceable against and only against Grantors and shall
not be enforceable against Collateral Agent or any Secured Party.

               (d) Compliance with Terms of Accounts, etc. In all material respects, each Grantor
will perform and comply with all obligations in respect of the Collateral and all other agreements
to which it is a party or by which it is bound relating to the Collateral.

               (e) Limitation on Liens on Collateral. No Grantor will create, permit or suffer to
exist, and each Grantor will defend the Collateral against, and take such other action as is
necessary to remove, any Lien on the Collateral except Permitted Encumbrances, and will defend the
right, title and interest of Collateral Agent and Secured Parties in and to any of such Grantor’s
rights under the Collateral against the claims and demands of all Persons whomsoever.

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               (f) Limitations on Disposition. On or after the occurrence of the Tangible Net Worth
Trigger Event (for so long as the Tangible Net Worth Trigger Event continues), no Grantor will
sell, license, lease, transfer or otherwise dispose of any of the Collateral, or attempt or
contract to do so, except for sales of Accounts and Portfolios in the ordinary course of business,
as permitted by the Intercreditor Agreements or as consented to by the Senior Creditor (as defined
in the Intercreditor Agreement as of the date hereof or such other definition after the date hereof
as is consented to in writing by the Guarantors).

               (g) Notices. On or after the occurrence of the Tangible Net Worth Trigger Event (for
so long as the Tangible Net Worth Trigger Event continues), Grantors will advise Collateral Agent
promptly, in reasonable detail, (i) of Liens in aggregate of $100,000 (other than Permitted
Encumbrances) made or asserted against any of the Collateral, and (ii) of the occurrence of any
other event which could reasonably be expected to have a material adverse effect on the aggregate
value of the Collateral or on the Liens created hereunder or under any other Transaction Document.
The Guarantors shall cause the termination of any Liens on the Collateral (other than Permitted
Encumbrances) in excess of $100,000 in the aggregate within 30 days after such Liens attach to the
Collateral.

               (h) No Reincorporation. No Grantor shall reincorporate or reorganize itself under the
laws of any jurisdiction other than the jurisdiction in which it is incorporated or organized as of
the date hereof without giving at least 10 days prior notice to Collateral Agent.

               (i) Terminations; Amendments Not Authorized. Except upon delivery of the Letter of
Credit in an amount equal to the Aggregate Liability pursuant to Section 2 of the Guaranty or the
Guaranteed Obligations are indefeasibly paid in full in cash (in which cases, each Grantor is so
authorized), each Grantor acknowledges that it is not authorized to file any financing statement or
amendment or termination statement with respect to any financing statement without the prior
written consent of Collateral Agent and agrees that it will not do so without the prior written
consent of Collateral Agent.

               (j) Tangible Net Worth Trigger Event. The Grantors shall promptly notify the
Collateral Agent of the occurrence of a Tangible Net Worth Trigger Event.

          6. RESERVED.

          7. REMEDIES: RIGHTS UPON DEFAULT.

               (a) Subject to the terms of the Intercreditor Agreements and the Guaranty, in addition to all
other rights and remedies granted to it under this Security Agreement, the Guaranty, the
Transaction Documents and under any other instrument or agreement securing, evidencing or relating
to any of the Guaranteed Obligations, if any Termination Event shall have occurred and is
continuing, after thirty (30) days written notice to Grantors, and subject to the terms of the
Intercreditor Agreements, Collateral Agent may exercise all rights and remedies of a secured party
under the UCC. Without limiting the generality of the foregoing, but subject to the terms of the
Intercreditor Agreements and the Guaranty and such notice, to the extent permitted by law, each
Grantor expressly agrees that in any such event Collateral Agent, without demand of performance or
other demand,

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advertisement or notice of any kind (except the notice specified below of time and place of
public or private sale) to or upon such Grantor or any other Person (all and each of which demands,
advertisements and notices are hereby expressly waived to the maximum extent permitted by the UCC
and other applicable law), may forthwith enter upon the premises of such Grantor where any
Collateral is located through self-help, without judicial process, without first obtaining a final
judgment or giving such Grantor or any other Person notice and opportunity for a hearing on
Collateral Agent’s claim or action and may collect, receive, assemble, process, appropriate and
realize upon the Collateral, or any part thereof, and may forthwith sell, lease, license, assign,
give an option or options to purchase, or sell or otherwise dispose of and deliver said Collateral
(or contract to do so), or any part thereof, in one or more parcels at a public or private sale or
sales, at any exchange at such prices as it may deem acceptable, for cash or on credit or for
future delivery without assumption of any credit risk. Subject to the terms of the Intercreditor
Agreements, the Guaranty and after such notice, Collateral Agent or any Secured Party shall have
the right upon any such public sale or sales and, to the extent permitted by law, upon any such
private sale or sales, to purchase for the benefit of Collateral Agent and Secured Parties, the
whole or any part of said Collateral so sold, free of any right or equity of redemption, which
equity of redemption each Grantor hereby waives and releases. Such sales may be adjourned and
continued from time to time with or without notice. Collateral Agent shall have the right to
conduct such sales on any Grantor’s premises or elsewhere and shall have the right to use any
Grantor’s premises without charge for such time or times as Collateral Agent deems necessary or
advisable.

          Subject to the terms of the Intercreditor Agreements and the Guaranty, if any Termination
Event shall have occurred and is continuing, each Grantor further agrees, after such notice, at
Collateral Agent’s request, to assemble the Collateral and make it available to Collateral Agent at
a place or places designated by Collateral Agent which are reasonably convenient to Collateral
Agent and such Grantor, whether at such Grantor’s premises or elsewhere. Subject to the terms of
the Intercreditor Agreements, after such notice, until Collateral Agent is able to effect a sale,
lease, or other disposition of Collateral, Collateral Agent shall have the right to hold or use
Collateral, or any part thereof, to the extent that it deems appropriate for the purpose of
preserving Collateral or its value or for any other purpose deemed appropriate by Collateral Agent.
Collateral Agent shall have no obligation to any Grantor to maintain or preserve the rights of
such Grantor as against third parties with respect to Collateral while Collateral is in the
possession of Collateral Agent. Subject to the terms of the Intercreditor Agreements, Collateral
Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of
Collateral and to enforce any of Collateral Agent’s remedies (for the benefit of Collateral Agent
and Secured Parties), with respect to such appointment without prior notice or hearing as to such
appointment. Collateral Agent shall apply the net proceeds of any such collection, recovery,
receipt, appropriation, realization or sale to the Guaranteed Obligations as provided in the
Receivables Financing Agreement, and only after so paying over such net proceeds, and after the
payment by Collateral Agent of any other amount required by any provision of law, need Collateral
Agent account for the surplus, if any, to any Grantor. To the maximum extent permitted by
applicable law, each Grantor waives all claims, damages, and demands against Collateral Agent or
any Secured Party arising out of the repossession, retention or sale of the Collateral except such
as arise solely out of the gross negligence or willful misconduct of Collateral Agent or such
Secured Party as finally determined by a court of competent jurisdiction. Each Grantor agrees that
ten (10) days prior notice by Collateral Agent

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of the time and place of any public sale or of the time after which a private sale may take
place is reasonable notification of such matters. Grantors shall remain liable for any deficiency
if the proceeds of any sale or disposition of the Collateral are insufficient to pay all Guaranteed
Obligations, including any attorneys’ fees and other expenses incurred by Collateral Agent or any
Secured Party to collect such deficiency.

               (b) Except as otherwise specifically provided herein, each Grantor hereby waives presentment,
demand, protest or any notice (to the maximum extent permitted by applicable law) of any kind in
connection with this Security Agreement or any Collateral.

               (c) To the extent that applicable law imposes duties on Collateral Agent to exercise remedies
in a commercially reasonable manner, each Grantor acknowledges and agrees that it is not
commercially unreasonable for Collateral Agent (i) to fail to incur expenses reasonably deemed
significant by Collateral Agent to prepare Collateral for disposition, (ii) to fail to obtain third
party consents for access to Collateral to be disposed of, or to obtain or, if not required by
other law, to fail to obtain governmental or third party consents for the collection or disposition
of Collateral to be collected or disposed of, (iii) to fail to exercise collection remedies against
Account Debtors or other Persons obligated on Collateral or to remove Liens on or any adverse
claims against Collateral, (iv) to exercise collection remedies against Account Debtors and other
Persons obligated on Collateral directly or through the use of collection agencies and other
collection specialists, (v) to advertise dispositions of Collateral through publications or media
of general circulation, whether or not the Collateral is of a specialized nature, (vi) to contact
other Persons, whether or not in the same business as the Grantor, for expressions of interest in
acquiring all or any portion of such Collateral, (vii) to hire one or more professional auctioneers
to assist in the disposition of Collateral, whether or not the Collateral is of a specialized
nature, (viii) to dispose of Collateral by utilizing internet sites that provide for the auction of
assets of the types included in the Collateral or that have the reasonable capacity of doing so, or
that match buyers and sellers of assets, (ix) to dispose of assets in wholesale rather than retail
markets, (x) to disclaim disposition warranties, such as title, possession or quiet enjoyment, (xi)
to purchase insurance or credit enhancements to insure Collateral Agent against risks of loss,
collection or disposition of Collateral or to provide to Collateral Agent a guaranteed return from
the collection or disposition of Collateral, or (xii) to the extent deemed appropriate by
Collateral Agent, to obtain the services of other brokers, investment bankers, consultants and
other professionals to assist Collateral Agent in the collection or disposition of any of the
Collateral. Each Grantor acknowledges that the purpose of this Section 7(c) is to provide
non-exhaustive indications of what actions or omissions by Collateral Agent would not be
commercially unreasonable in Collateral Agent’s exercise of remedies against the Collateral and
that other actions or omissions by Collateral Agent shall not be deemed commercially unreasonable
solely on account of not being indicated in this Section 7(c). Without limitation upon the
foregoing, nothing contained in this Section 7(c) shall be construed to grant any rights to
any Grantor or to impose any duties on Collateral Agent that would not have been granted or imposed
by this Security Agreement or by applicable law in the absence of this Section 7(c).

               (d) Neither Collateral Agent nor the Secured Parties shall be required to make any demand
upon, or pursue or exhaust any of their rights or remedies against, any Grantor, any other obligor,
guarantor, pledgor or any other Person with respect to the payment of

11

 

the Guaranteed Obligations or to pursue or exhaust any of their rights or remedies with
respect to any Collateral therefore or any direct or indirect guarantee thereof. Neither
Collateral Agent nor the Secured Parties shall be required to marshal the Collateral or any
guarantee of the Guaranteed Obligations or to resort to the Collateral or any such guarantee in any
particular order, and all of its and their rights hereunder or under any other Transaction Document
shall be cumulative. To the extent it may lawfully do so, each Grantor absolutely and irrevocably
waives and relinquishes the benefit and advantage of, and covenants not to assert against
Collateral Agent or any Secured Party, any valuation, stay, appraisement, extension, redemption or
similar laws and any and all rights or defenses it may have as a surety now or hereafter existing
which, but for this provision, might be applicable to the sale of any Collateral made under the
judgment, order or decree of any court, or privately under the power of sale conferred by this
Security Agreement, or otherwise.

          8. GRANT OF LICENSE TO USE INTELLECTUAL PROPERTY COLLATERAL. For the purpose
of enabling Collateral Agent to exercise rights and remedies under Section 7 hereof
(including, without limiting the terms of Section 7 hereof, in order to take possession of,
hold, preserve, process, assemble, prepare for sale, market for sale, sell or otherwise dispose of
the Collateral) at such time as Collateral Agent shall be lawfully entitled to exercise such rights
and remedies, each Grantor hereby grants to Collateral Agent, for the benefit of Collateral Agent
and Secured Parties, an irrevocable (until the IDB Termination Date), nonexclusive license
(exercisable without payment of royalty or other compensation to such Grantor) to use, license or
sublicense any Intellectual Property now owned or hereafter acquired by such Grantor, and wherever
the same may be located, and including in such license access to all media in which any of the
licensed items may be recorded or stored and to all computer software and programs used for the
compilation or printout thereof, all without compensation to Grantor.

          9. LIMITATION ON COLLATERAL AGENT’S AND SECURED PARTIES’ DUTY IN RESPECT OF
COLLATERAL. Collateral Agent and each Secured Party shall use reasonable care with respect to
the Collateral in its possession or under its control. Neither Collateral Agent nor any Secured
Party shall have any other duty as to any Collateral in its possession or control or in the
possession or control of any agent or nominee of Collateral Agent or such Secured Party, or any
income thereon or as to the preservation of rights against prior parties or any other rights
pertaining thereto.

          10. REINSTATEMENT. This Security Agreement shall remain in full force and effect and
continue to be effective should any petition be filed by or against any Grantor for liquidation or
reorganization, should any Grantor become insolvent or make an assignment for the benefit of any
creditor or creditors or should a receiver or trustee be appointed for all or any significant part
of any Grantor’s assets, and shall continue to be effective or be reinstated, as the case may be,
if at any time payment and performance of the Guaranteed Obligations, or any part thereof, is,
pursuant to applicable law, rescinded or reduced in amount, or must otherwise be restored or
returned by any obligee of the Guaranteed Obligations, whether as a “voidable preference,”
“fraudulent conveyance,” or otherwise, all as though such payment or performance had not been made.
In the event that any payment, or any part thereof, is rescinded, reduced, restored or returned,
the Guaranteed Obligations shall be reinstated and deemed reduced only by such amount paid and not
so rescinded, reduced, restored or returned.

12

 

          11. NOTICES. All notices and other communications provided for hereunder shall be in
writing or by facsimile and, if to any other party hereto, transmitted or delivered to it,
addressed to it at the address specified for it on the signature page hereto or as to any party at
such other address as shall be designated by such party in a written notice to each other party
complying as to delivery with the terms of this Section. All such notices and other communications
shall if properly addressed and sent by pre-paid courier service, be deemed given when received;
any notice or other communication, if transmitted by facsimile, shall be deemed given when
transmitted and receipt thereof has been confirmed by telephone or electronic means.

          12. SEVERABILITY. Whenever possible, each provision of this Security Agreement shall
be interpreted in a manner as to be effective and valid under applicable law, but if any provision
of this Security Agreement shall be prohibited by or invalid under applicable law, such provision
shall be ineffective to the extent of such prohibition or invalidity without invalidating the
remainder of such provision or the remaining provisions of this Security Agreement. This Security
Agreement is to be read, construed and applied together with the Receivables Financing Agreement
and the other Transaction Documents which, taken together, set forth the complete understanding and
agreement of Collateral Agent, Secured Parties and Grantors with respect to the matters referred to
herein and therein. Except as otherwise specifically provided, if any provision contained in this
Security Agreement or any other Transaction Document conflicts with any provision in the
Receivables Financing Agreement, the provision in the Receivables Financing Agreement shall govern
and control.

          13. NO WAIVER; CUMULATIVE REMEDIES; AMENDMENTS. Neither Collateral Agent nor any
Secured Party shall by any act, delay, omission or otherwise be deemed to have waived any of its
rights or remedies hereunder, and no waiver shall be valid unless in writing, signed by Collateral
Agent and then only to the extent therein set forth. A waiver by Collateral Agent or Secured
Parties of any right or remedy hereunder on any one occasion shall not be construed as a bar to any
right or remedy which Collateral Agent or Secured Parties would otherwise have had on any future
occasion. No failure to exercise nor any delay in exercising on the part of Collateral Agent or
any Secured Party, any right, power or privilege hereunder, shall operate as a waiver thereof, nor
shall any single or partial exercise of any right, power or privilege hereunder preclude any other
or future exercise thereof or the exercise of any other right, power or privilege. The rights and
remedies hereunder provided are cumulative and may be exercised singly or concurrently, and are not
exclusive of any rights and remedies provided by law. None of the terms or provisions of this
Security Agreement may be waived, altered, modified or amended except by an instrument in writing,
duly executed by Collateral Agent and the applicable party to be charged.

          14. LIMITATION BY LAW. All rights, remedies and powers provided in this Security
Agreement may be exercised only to the extent that the exercise thereof does not violate any
applicable provision of law, and all the provisions of this Security Agreement are intended to be
subject to all applicable mandatory provisions of law that may be controlling and to be limited to
the extent necessary so that they shall not render this Security Agreement invalid, unenforceable,
in whole or in part, or not entitled to be recorded, registered or filed under the provisions of
any applicable law.

13

 

          15. CONTINUING SECURITY INTEREST. This Security Agreement shall create a continuing
security interest in the Collateral and shall remain in full force and effect until delivery of the
Letter of Credit in an amount equal to the Aggregate Liability pursuant to Section 2 of the
Guaranty or payment in full in cash and performance of all the Guaranteed Obligations (other than
any indemnification obligations) and a release by Grantors of all claims against the Collateral
Agent and Secured Parties under the Guarantor Security Documents, and so long as no suits, actions,
proceedings, or claims are pending or threatened asserting any damages, losses or liabilities that
are Guaranteed Obligations, in which case the Collateral Agent shall deliver to the Grantors
termination statements and other documents necessary or appropriate to evidence the termination of
the Liens securing payment of the Guaranteed Obligations.

          16. SUCCESSORS AND ASSIGNS. This Security Agreement and all obligations of Grantors
hereunder shall be binding upon the successors and assigns of each Grantor (including any
debtor-in-possession on behalf of such Grantor) and shall, together with the rights and remedies of
Collateral Agent, for the benefit of Collateral Agent and Secured Parties, hereunder, inure to the
benefit of Collateral Agent and Secured Parties, all future holders of any instrument evidencing
any of the Guaranteed Obligations and their respective successors and assigns. No sales of
participations, other sales, assignments, transfers or other dispositions of any agreement
governing or instrument evidencing the Guaranteed Obligations or any portion thereof or interest
therein shall in any manner impair the Lien granted to Collateral Agent, for the benefit of
Collateral Agent and Secured Parties, hereunder. No Grantor may assign, sell, hypothecate or
otherwise transfer any interest in or obligation under this Security Agreement.

          17. COUNTERPARTS. This Security Agreement may be executed in any number of separate
counterparts, each of which shall collectively and separately constitute one agreement. This
Security Agreement may be executed by manual signature, facsimile or, if approved in writing by
Collateral Agent, electronic means, all of which shall be equally valid.

          18. GOVERNING LAW. EXCEPT AS OTHERWISE EXPRESSLY PROVIDED IN ANY OF THE TRANSACTION
DOCUMENTS, IN ALL RESPECTS, INCLUDING ALL MATTERS OF CONSTRUCTION, VALIDITY AND PERFORMANCE, THIS
SECURITY AGREEMENT AND THE OBLIGATIONS ARISING HEREUNDER SHALL BE GOVERNED BY, AND CONSTRUED AND
ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK APPLICABLE TO CONTRACTS MADE AND
PERFORMED IN THAT STATE, AND ANY APPLICABLE LAWS OF THE UNITED STATES OF AMERICA. EACH GRANTOR
HEREBY CONSENTS AND AGREES THAT THE STATE OR FEDERAL COURTS LOCATED IN NEW YORK COUNTY, CITY OF NEW
YORK, NEW YORK SHALL HAVE EXCLUSIVE JURISDICTION TO HEAR AND DETERMINE ANY CLAIMS OR DISPUTES
BETWEEN GRANTORS, COLLATERAL AGENT AND SECURED PARTIES PERTAINING TO THIS SECURITY AGREEMENT OR ANY
OF THE OTHER TRANSACTION DOCUMENTS OR TO ANY MATTER ARISING OUT OF OR RELATING TO THIS SECURITY
AGREEMENT OR ANY OF THE OTHER TRANSACTION DOCUMENTS, PROVIDED, THAT COLLATERAL AGENT,
SECURED PARTIES AND GRANTORS ACKNOWLEDGE THAT ANY APPEALS FROM THOSE COURTS MAY HAVE TO BE HEARD BY
A COURT LOCATED OUTSIDE OF NEW YORK COUNTY, AND, PROVIDED, FURTHER, NOTHING IN THIS
AGREEMENT

14

 

SHALL BE DEEMED OR OPERATE TO PRECLUDE COLLATERAL AGENT FROM BRINGING SUIT OR TAKING OTHER
LEGAL ACTION IN ANY OTHER JURISDICTION TO REALIZE ON THE COLLATERAL OR ANY OTHER SECURITY FOR THE
GUARANTEED OBLIGATIONS, OR TO ENFORCE A JUDGMENT OR OTHER COURT ORDER IN FAVOR OF COLLATERAL AGENT.
EACH GRANTOR EXPRESSLY SUBMITS AND CONSENTS IN ADVANCE TO SUCH JURISDICTION IN ANY ACTION OR SUIT
COMMENCED IN ANY SUCH COURT, AND EACH GRANTOR HEREBY WAIVES ANY OBJECTION WHICH IT MAY HAVE BASED
UPON LACK OF PERSONAL JURISDICTION, IMPROPER VENUE OR FORUM NON CONVENIENS
AND HEREBY CONSENTS TO THE GRANTING OF SUCH LEGAL OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY
SUCH COURT. EACH GRANTOR HEREBY WAIVES PERSONAL SERVICE OF THE SUMMONS, COMPLAINT AND OTHER
PROCESS ISSUED IN ANY SUCH ACTION OR SUIT AND AGREES THAT SERVICE OF SUCH SUMMONS, COMPLAINTS AND
OTHER PROCESS MAY BE MADE BY REGISTERED OR CERTIFIED MAIL ADDRESSED TO SUCH GRANTOR AT THE ADDRESS
SET FORTH ON ANNEX I TO THE RECEIVABLES FINANCING AGREEMENT AND THAT SERVICE SO MADE SHALL
BE DEEMED COMPLETED UPON THE EARLIER OF ACTUAL RECEIPT THEREOF OR FIVE (5) DAYS AFTER DEPOSIT IN
THE U.S. MAILS, PROPER POSTAGE PREPAID.

          19. WAIVER OF JURY TRIAL. BECAUSE DISPUTES ARISING IN CONNECTION WITH COMPLEX
FINANCIAL TRANSACTIONS ARE MOST QUICKLY AND ECONOMICALLY RESOLVED BY AN EXPERIENCED AND EXPERT
PERSON AND THE PARTIES WISH APPLICABLE STATE AND FEDERAL LAWS TO APPLY (RATHER THAN ARBITRATION
RULES), THE PARTIES DESIRE THAT DISPUTES ARISING HEREUNDER OR RELATING HERETO BE RESOLVED BY A
JUDGE APPLYING SUCH APPLICABLE LAWS. THEREFORE, THE PARTIES HERETO WAIVE ALL RIGHT TO TRIAL BY
JURY IN ANY ACTION, SUIT OR PROCEEDING BROUGHT TO RESOLVE ANY DISPUTE, WHETHER SOUNDING IN
CONTRACT, TORT, OR OTHERWISE, AMONG COLLATERAL AGENT, SECURED PARTIES, AND GRANTORS ARISING OUT OF,
CONNECTED WITH, RELATED TO, OR INCIDENTAL TO THE RELATIONSHIP ESTABLISHED IN CONNECTION WITH, THIS
SECURITY AGREEMENT OR ANY OF THE OTHER TRANSACTION DOCUMENTS OR THE TRANSACTIONS RELATED HERETO OR
THERETO.

          20. SECTION TITLES. The Section titles contained in this Security Agreement are and
shall be without substantive meaning or content of any kind whatsoever and are not a part of the
agreement between the parties hereto.

          21. NO STRICT CONSTRUCTION. The parties hereto have participated jointly in the
negotiation and drafting of this Security Agreement. In the event an ambiguity or question of
intent or interpretation arises, this Security Agreement shall be construed as if drafted jointly
by the parties hereto and no presumption or burden of proof shall arise favoring or disfavoring any
party by virtue of the authorship of any provisions of this Security Agreement.

15

 

          22. ADVICE OF COUNSEL. Each of the parties represents to each other party hereto that
it has discussed this Security Agreement and, specifically, the provisions of Section 18
and Section 19, with its counsel.

          23. BENEFIT OF SECURED PARTIES. All Liens granted or contemplated hereby shall be for
the benefit of Collateral Agent, individually, and Secured Parties, and all proceeds or payments
realized from the Collateral in accordance herewith shall be applied to the Guaranteed Obligations
in accordance with the terms of the Guaranty.

          24. NO PETITION. The Grantors agree that they will not institute against, or join or
assist any person in instituting against, the Borrower any bankruptcy, reorganization, arrangement,
insolvency or liquidation proceeding, or other similar proceeding under the laws of any
jurisdiction, for one year and one day after the Obligations have been indefeasibly paid in full.
The obligations of the Grantors under this Section 24 shall survive any termination of this
Security Agreement.

          25. ADDITIONAL GRANTORS. The Grantors shall cause each affiliated entity that has
executed a security agreement in favor of [IDB] to become party to the Guaranty and this Security
Agreement as a Grantor. From time to time subsequent to the date hereof, additional Persons may
become parties hereto as additional Grantors (each, an “Additional Grantor”), by executing
a counterpart of this Security Agreement substantially in the form of Exhibit A attached
hereto. Upon delivery of any such counterpart to Collateral Agent, notice of which is hereby waived
by the Grantors, each Additional Grantor shall be a Grantor and shall be as fully a party hereto as
if such Additional Grantor were an original signatory hereto. Each Grantor expressly agrees that
its obligations arising hereunder shall not be affected or diminished by the addition or release of
any other Grantor hereunder nor by any election of Collateral Agent not to cause any Credit Party
(as defined in the Loan Agreement) or any other Person to become an Additional Grantor hereunder.
This Security Agreement shall be fully effective as to any Grantor that is or becomes a party
hereto regardless of whether any other Person becomes or fails to become or ceases to be a Grantor
hereunder.

          26. INTERCREDITOR AGREEMENTS. The terms of this Agreement are subject to the
provisions of the Intercreditor Agreements, if any terms of this Agreement or the Junior Lender
Intercreditor Agreement conflict with the terms of the Senior Lender Intercreditor Agreement, the
terms of the Senior Lender Intercreditor Agreement shall govern and if the terms of this Agreement
do not conflict with the terms of the Senior Lender Intercreditor Agreement but do conflict with
the terms of the Junior Lender Intercreditor Agreement, the terms of the Junior Lender
Intercreditor Agreement shall govern.

[Signature Pages to Follow]

16

 

     IN WITNESS WHEREOF, each of the undersigned have caused this Security Agreement to be duly
executed and delivered by its officer thereunto duly authorized as of the date first above written.

	 	 	 	 	 	 	 
	 	 	ASTA FUNDING ACQUISITION II, LLC, a
Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES COLLECTION, L.L.C., a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	ASTA FUNDING ACQUISITION I, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-1 

 

	 	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION IV, LLC, a Delaware
 limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION I, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION II, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-2 

 

	 	 	 	 	 	 	 
	 	 	ASTA FUNDING ACQUISITION IV, LLC, a
 Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION V, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION VI, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-3 

 

	 	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION VII, LLC, a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION VIII, LLC, a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION IX, LLC, a Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-4 

 

	 	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION X, LLC, a Delaware
 limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XI, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XII, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-5 

 

	 	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XIII, LLC, a Delaware
 limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XIV, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XV, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-6 

 

	 	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XVII, LLC, a Delaware
limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:

Title:
	 	/s/ Gary Stern
 

Gary Stern 

Manager
	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	PALISADES ACQUISITION XVIII, LLC, a
 Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	SYLVAN ACQUISITION I, LLC, a Delaware limited
 liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-7 

 

	 	 	 	 	 	 	 
	 	 	ASTA FUNDING, INC., a Delaware corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	COMPUTER FINANCE, LLC, a Delaware limited
liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	ASTAFUNDING.COM, LLC, a Delaware limited
liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-8 

 

	 	 	 	 	 	 	 
	 	 	ASTA COMMERCIAL, LLC, a Delaware limited
liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	CITIZENS LENDING GROUP, LLC, a Delaware limited
liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	VENTURA SERVICES, LLC, a Delaware limited
 liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-9 

 

	 	 	 	 	 	 	 
	 	 	CLIFFS PORTFOLIO ACQUISITION I, LLC, a
Delaware limited liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	OPTION CARD, LLC, a Colorado limited liability
company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	VATIV RECOVERY SOLUTIONS, LLC, a Texas limited
liability company	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Gary Stern
 

Gary Stern
	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 

	 	By:

Name:
	 	/s/ Mitchell Cohen
 

Mitchell Cohen
	 	 
	 

	 	Title:
	 	Manager	 	 

S-10 

 

	 	 	 	 	 	 	 
	 	 	BMO CAPITAL MARKETS CORP., as Collateral
Agent	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	/s/ John Pappano	 	 
	 

	 	 	 	 

	 	 
	 

	 	Name:
	 	John Pappano
	 	 
	 

	 	Title:
	 	Managing Director	 	 

S-11 

 

SCHEDULE I

to

SECURITY AGREEMENT

FINANCING STATEMENTS

[to be completed by Grantors]

S-12 

 

SCHEDULE IIA

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF ASTA FUNDING ACQUISITION II, LLC

	I.	 	Grantor’s official name: ASTA FUNDING ACQUISITION II, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited
liability company): Limited Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or
organization or a statement that no such number has been issued: 3017559
	 
	IV.	 	State or Incorporation or Organization of Grantor: Delaware
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

S-13 

 

SCHEDULE IIB

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES COLLECTION, L.L.C.

	I.	 	Grantor’s official name: PALISADES COLLECTION, L.L.C.
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: 2893130
	 
	IV.	 	State or Incorporation or Organization of Grantor: Delaware
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

S-14 

 

SCHEDULE IIC

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF ASTA FUNDING ACQUISITION I, LLC

	I.	 	Grantor’s official name: ASTA FUNDING ACQUISITION I, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: 3017556
	 
	IV.	 	State or Incorporation or Organization of Grantor: Delaware
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

S-15 

 

SCHEDULE IID

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION IV, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION IV, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: 3723655
	 
	IV.	 	State or Incorporation or Organization of Grantor: Delaware
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

S-16 

 

SCHEDULE IIE

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION I, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION I, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: 3495332
	 
	IV.	 	State or Incorporation or Organization of Grantor: Delaware
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

S-17 

 

SCHEDULE IIF

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION II, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION II, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3550553
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIG

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF ASTA FUNDING ACQUISITION IV, LLC

	I.	 	Grantor’s official name: ASTA FUNDING ACQUISITION IV, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3019061
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIH

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION V, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION V, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3884980
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE II(I)

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION VI, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION VI, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
IV. State or Incorporation or Organization of Grantor: 3889322
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIJ

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION VII, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION VII, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3889323
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIK

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION VIII, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION VIII, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3889327
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

 

 

SCHEDULE IIL

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION IX, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION IX, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3904513
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIM

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION X, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION X, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3983453
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

 

 

SCHEDULE IIN

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XI, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XI, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4256883
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIO

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XII, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XII, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4256888
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIP

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XIII, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XIII, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4256894
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIQ

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XIV, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XIV, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4256897
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIR

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XV, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XV, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4255348
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIS

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XVII, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XVII, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4575657
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIT

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF PALISADES ACQUISITION XVIII, LLC

	I.	 	Grantor’s official name: PALISADES ACQUISITION XVIII, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust, limited partnership, limited liability company): Limited
Liability Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of incorporation or organization or a statement that no
such number has been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 4575651
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIT

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF SYLVAN ACQUISITION I, LLC

	I.	 	Grantor’s official name: SYLVAN ACQUISITION I, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3874794
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIU

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF ASTA FUNDING, INC.

	I.	 	Grantor’s official name: ASTA FUNDING, INC.
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Corporation
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 2525976
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIV

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF COMPUTER FINANCE, LLC

	I.	 	Grantor’s official name: COMPUTER FINANCE LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3421733
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIW

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF ASTAFUNDING.COM, LLC

	I.	 	Grantor’s official name: ASTAFUNDING.COM, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3060358
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIY

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF ASTA COMMERCIAL, LLC

	I.	 	Grantor’s official name: ASTA COMMERCIAL, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company

	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware

	 
	IV.	 	State or Incorporation or Organization of Grantor: 3222943
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIZ

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OF CITIZENS LENDING GROUP, LLC

	I.	 	Grantor’s official name: CITIZENS LENDING GROUP LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company

	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware

	 
	IV.	 	State or Incorporation or Organization of Grantor: 4250130
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

 

 

SCHEDULE IIAA

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL VENTURA SERVICES, LLC

	I.	 	Grantor’s official name: VENTURA SERVICES, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3590448
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

  

 

SCHEDULE IIBB

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL CLIFFS PORTFOLIO ACQUISITION I, LLC

	I.	 	Grantor’s official name: CLIFFS PORTFOLIO ACQUISITION I, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Delaware
	 
	IV.	 	State or Incorporation or Organization of Grantor: 3741790
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

 

 

SCHEDULE IICC

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL OPTION CARD, LLC

	I.	 	Grantor’s official name: OPTION CARD, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company

	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Colorado

	 
	IV.	 	State or Incorporation or Organization of Grantor: 20021360244
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

 

 

SCHEDULE IIDD

to

SECURITY AGREEMENT

SCHEDULE OF OFFICES, LOCATIONS OF COLLATERAL

AND RECORDS CONCERNING COLLATERAL VATIV RECOVERY SOLUTIONS, LLC

	I.	 	Grantor’s official name: VATIV RECOVERY SOLUTIONS, LLC
	 
	II.	 	Type of entity (e.g. corporation, partnership, business trust,
limited partnership, limited liability company): Limited Liability
Company
	 
	III.	 	Organizational identification number issued by Grantor’s state of
incorporation or organization or a statement that no such number has
been issued: Texas
	 
	IV.	 	State or Incorporation or Organization of Grantor: 800394762
	 
	V.	 	Chief Executive Office of business of Grantor: 210 Sylvan Avenue, Englewood Cliffs, NJ 07632

 

 

EXHIBIT A

COUNTERPART TO SECURITY AGREEMENT

          This counterpart, dated                     ,200___, is delivered pursuant to Section 24 of that
certain Security Agreement dated as of                                                             , 2008 (as from time to time amended,
modified or supplemented, the “ Security Agreement”; the terms defined therein and not
otherwise defined herein being used as therein defined), among ASTA FUNDING ACQUISITION II, LLC, a
Delaware limited liability company, PALISADES COLLECTION, L.L.C., a Delaware limited liability
company, ASTA FUNDING ACQUISITION I, LLC, a Delaware limited liability company, PALISADES
ACQUISITION IV, LLC, a Delaware limited liability company, PALISADES ACQUISITION I, LLC, a Delaware
limited liability company, PALISADES ACQUISITION II, LLC, a Delaware limited liability company,
CLIFFS PORTFOLIO ACQUISITION I, LLC, a Delaware limited liability company, ASTA FUNDING, INC., a
Delaware corporation, [additional Grantors] and BMO Capital Markets Corp., as Collateral Agent.
The undersigned hereby agrees (i) that this counterpart may be attached to the Security Agreement,
and (ii) that the undersigned will comply with and be subject to, including representations and
warranties, all the terms and conditions of the Security Agreement as if it were an original
signatory thereto.

[NAME OF ADDITIONAL GRANTOR]

A-1EX-10.23

Exhibit 10.23

SUBORDINATED LIMITED RECOURSE GUARANTY AGREEMENT

     This Subordinated Limited Recourse Guaranty Agreement (this “Guaranty”) is made and
entered into this 20th day of February, 2009, by and between each signatory hereto
identified as a Guarantor (each a “Guarantor” and collectively, the “Guarantors”),
in favor of BMO Capital Markets Corp. (“BCM”), as Collateral Agent (the “Collateral
Agent”) on behalf of the Secured Parties. Terms used herein and not defined herein have the
meaning set forth in the Receivables Financing Agreement (as defined below) or the Security
Agreement (as defined below).

BACKGROUND

     Whereas, Palisades Acquisition XVI, LLC (the “Borrower”) entered into the Receivables
Financing Agreement, dated as of March 2, 2007 (as amended, supplemented or otherwise modified from
time to time, the “Receivables Financing Agreement”) among the Borrower, Palisades
Collection, L.L.C., as servicer (the “Servicer”), Fairway Finance Company, LLC (the
“Lender”), BCM, as administrator, the Collateral Agent and Bank of Montreal
(“BMO”), as liquidity agent, pursuant to which the Lender has advanced funds to the
Borrower secured by the collateral (the “Borrower Collateral”) identified in the Security
Agreement, dated as of March 2, 2007 (as amended supplemented or otherwise modified from time to
time, the “Security Agreement”).

     Whereas, in order to induce the Lender and the Collateral Agent to enter into the Fourth
Amendment to the Receivables Financing Agreement, dated as of the date hereof, the Guarantors have
agreed to enter into this Guaranty in favor of the Collateral Agent, with recourse under this
Guaranty being limited as set forth in this Guaranty and a subordinated Guarantor Security
Agreement dated as of the date hereof among Guarantors and the Collateral Agent, as collateral
agent for the Secured Parties, (as amended, modified, supplemented and restated from time to time,
the “Guarantor Security Agreement”).

     Whereas, to obtain the consent of Guarantors’ existing senior secured creditors to enter into
the Guaranty and the Guarantor Security Agreement, the Collateral Agent has agreed to enter into
the Subordination and Intercreditor Agreement of this date among the Collateral Agent, as
collateral agent for the Secured Parties, and Israel Discount Bank of New York, as collateral agent
for itself and the senior secured creditors (as amended, modified, supplemented and restated from
time to time, the “Intercreditor Agreement”; and, together with this Guaranty and the
Guarantor Security Agreement, the “Guarantor Security Documents”).

     1. The Guarantors, jointly and severally, hereby unconditionally and irrevocably guarantee
payment of the principal and interest on all Loans under the Receivables Financing Agreement and
the Lender Note, including, without limitation, all reasonable costs and expenses of enforcement
and collection, including attorneys’ fees of the Borrower to the Secured Parties under the
Receivables Financing Agreement and the other Transaction Documents (the “Guaranteed
Obligations”); provided however that the aggregate liability of all of the Guarantors
to the Secured Parties under the Guarantor Security Documents, except as set forth in this

 

 

Section 1 below, shall not exceed Eight Million and 00/100 Dollars ($8,000,000) (the
“Aggregate Liability”) and the Secured Parties’ sole recourse for any Guaranteed Obligations shall
be to the collateral (the “Collateral”) identified in the Guarantor Security Agreement or
to the extent provided in paragraph 2 below, a Letter of Credit; provided, further, notwithstanding
anything to the contrary in this Guaranty or in any other Transaction Document, so long as the
Intercreditor Agreement is in effect or any Senior Indebtedness has not been Paid in Full, the
Secured Parties shall not take any action to enforce any of the obligations of any Guarantor (or
otherwise seek any remedy or recourse) under any Guarantor Security Document except in accordance
with Section 7(a) of the Intercreditor Agreement as in effect on the date hereof (or such revised
Section 7(a) after the date hereof that has been consented to by the Guarantors in writing) (the
“Standstill”). In addition, to the Aggregate Liability, the Guarantors shall additionally be
liable for (a) the reasonable costs and expenses of enforcement and collection under the Guarantor
Security Documents (including, without limitation, reasonable attorneys’ fees) upon demand that
remains unsatisfied in full (subject to the Standstill) after thirty (30) days and (b) if the
Collateral Agent has taken action to exercise remedies with respect to the Collateral, any amounts
owed the Collateral Agent or the Secured Party pursuant to Section 5(c) of the Guarantor Security
Agreement.

     For purposes of this Agreement, “Senior Indebtedness” means Senior Indebtedness as defined in
the Intercreditor Agreement as in effect on the date hereof or such revised definition after the
date hereof that has been consented to by the Guarantors in writing. For purposes of this
Agreement, “Paid in Full” means Paid in Full as defined in the Intercreditor Agreement as in effect
on the date hereof or such revised definition after the date hereof that has been consented to by
the Guarantors in writing.

     2. If a Guarantor provides an irrevocable stand-by letter of credit (a “Letter of
Credit”) issued by a financial institution with a rating of at least A- by S&P and A3 by
Moody’s in favor of the Collateral Agent, in form and substance reasonably satisfactory to the
Collateral Agent, the Administrator and BMO, pursuant to which the Collateral Agent may draw on
such Letter of Credit under the same circumstances it may exercise its rights or remedies under the
Guarantor Security Agreement or in accordance with this Section 2, then the recourse to Guarantors
hereunder shall be reduced by the amount of such Letter of Credit; provided, further, if such
Letter of Credit is in an amount equal to the Aggregate Liability, the guarantee provided hereunder
by the Guarantors shall be automatically released and the security interest and lien granted under
the Guarantor Security Agreement shall be released as set forth in the Guarantor and Security
Agreement; provided, however, that if such Letter of Credit is not replaced at least 10 Business
Days (i) prior to the expiration thereof or (ii) after written notice to the Guarantors that the
Letter of Credit Provider is downgraded below A- by S&P or A3 by Moody’s (the “L/C Downgrade”),
then the Collateral Agreement may draw the full amount of such Letter of Credit to be placed in a
cash collateral account mutually acceptable to the Collateral Agent and the Guarantors, under the
exclusive control of the Collateral Agent and not subject to any other security interest, that
permits the investment in Permitted Investments selected by the Collateral Agent (the “Cash
Collateral Account”). Notwithstanding the foregoing, if any Guarantor has suffered an Event of
Bankruptcy, the Collateral Agent shall not be required to notify the Guarantors of such downgrade
of the Letter of Credit Provider before drawing on such Letter of Credit. The Collateral Agent and
its directors, officers, agents or employees shall not be liable for any loss incurred with respect
to Permitted Investments.

2

 

     3. Subject to the Intercreditor Agreement and other restrictions set forth herein, Guarantors,
jointly and severally, agree that the Guaranteed Obligations shall be due and payable from the
Collateral in accordance with the Guarantor Security Agreement when the Guaranteed Obligations or
any portion thereof is due to be paid by the Borrower to the Collateral Agent or any Secured Party,
whether at stated maturity, by declaration, acceleration or otherwise. Such Collateral Agent shall
deposit amounts collected from the disposition of the Collateral into the Collection Account for
application in accordance with Section 4.2 of the Receivables Financing Agreement. Notwithstanding
the foregoing, Collateral Agent, on behalf of the Secured Parties, shall not pursue any rights or
remedies against any Guarantor unless the Collateral Agent, in its sole discretion, has determined
that the value of the Borrower Collateral is less than the amount of the Obligations under the
Transaction Documents.

     4. Each Guarantor warrants to the Collateral Agent that: (i) no other agreement,
representation or special condition exists between such Guarantor and the Collateral Agent or any
Secured Party regarding the liability of such Guarantor hereunder, nor does any understanding exist
between such Guarantor and the Collateral Agent or any Secured Party that the obligations of such
Guarantor hereunder are or will be other than as set forth herein; and (ii) as of the date hereof,
such Guarantor has no defense whatsoever to any action or proceeding that may be brought to enforce
this Guaranty.

     5. So long as any Obligations are outstanding (which, for purposes of clarification, means
until the Obligations are indefeasibly paid in full in cash), each Guarantor subordinates, in favor
of the Collateral Agent, any of the following rights of such Guarantor against the Borrower: (i)
any right of such Guarantor to be subrogated in whole or in part to any right or claim with respect
to any Obligations or any portion thereof to the Collateral Agent or any Secured Party which might
otherwise arise from payment by such Guarantor to the Collateral Agent or any Secured Party on the
account of the Obligations or any portion thereof; and (ii) any right of such Guarantor to require
the marshalling of assets of the Borrower or any other Person which might otherwise arise from
payment by such Guarantor to the Collateral Agent or any Secured Party on account of the
Obligations or any portion thereof. If any amount shall be paid to such Guarantor in violation of
the preceding sentence, such amount shall be deemed to have been paid to such Guarantor for the
benefit of, and held in trust for the benefit of, the Collateral Agent and shall forthwith be paid
to the Collateral Agent to be credited and applied upon the Obligations, whether matured or
unmatured, in accordance with the terms of the Receivables Financing Agreement. Each Guarantor
acknowledges that it will receive direct and indirect benefits from the financing arrangements
contemplated by the Receivables Financing Agreement and that the waivers set forth in this Section
5 are knowingly made in contemplation of such benefits.

     6. Except as set forth in the last sentence of Section 3 above, each Guarantor waives
promptness and diligence by the Collateral Agent or any Secured Party with respect to its rights
under the Receivables Financing Agreement or any of the other Transaction Documents, including, but
not limited to, this Guaranty.

     7. Each Guarantor waives any and all notice with respect to: (i) acceptance by the Collateral
Agent or any Secured Party of this Guaranty; (ii) the provisions of any note,

3

 

instrument or agreement relating to the Guaranteed Obligations; and (iii) any default in
connection with the Guaranteed Obligations.

     8. Each Guarantor waives any presentment, demand, notice of dishonor or nonpayment, protest,
and notice of protest in connection with the Guaranteed Obligations.

     9. Each Guarantor agrees that the Collateral Agent or any Secured Party may from time to time
and as many times as the Collateral Agent or any Secured Party, in its sole discretion, deems
appropriate, do any of the following without notice to such Guarantor and without adversely
affecting the validity or enforceability of this Guaranty: (i) release, surrender, exchange,
compromise, or settle the Guaranteed Obligations or any portion thereof; (ii) change, renew, or
waive the terms of the Guaranteed Obligations or any portion thereof; (iii) change, renew, or waive
the terms, including without limitation, the rate of interest charged to the Borrower or
Guarantors, of any note, instrument, or agreement relating to the Guaranteed Obligations or any
portion thereof; (iv) grant any extension or indulgence with respect to the payment to the
Collateral Agent or any Secured Party of the Guaranteed Obligations or any portion thereof; (v)
enter into any agreement of forbearance with respect to the Guaranteed Obligations or any portion
thereof; (vi) release, surrender, exchange or compromise any security held by the Collateral Agent
or any Secured Party for the Guaranteed Obligations; (vii) release any Person who is a guarantor or
surety or who has agreed to purchase the Guaranteed Obligations or any portion thereof; and (viii)
release, surrender, exchange or compromise any security or Lien held by the Collateral Agent or any
Secured Party for the liabilities of any Person who is a guarantor or surety for the Guaranteed
Obligations or any portion thereof. Each Guarantor agrees that the Collateral Agent or any Secured
Party may do any of the above as it deems necessary or advisable, in its sole discretion, without
giving any notice to Guarantors, and that Guarantors will remain, jointly and severally, liable for
full payment to the Collateral Agent of the Guaranteed Obligations.

     10. Each Guarantor agrees to be jointly and severally bound by the terms of this Guaranty and
jointly and severally liable under this Guaranty subject to the limitations of liability herein.
As a result of such liability, each Guarantor acknowledges that the Collateral Agent may, in its
sole discretion, elect to enforce this Guaranty for the total Guaranteed Obligations against any
Guarantor without any duty or responsibility to pursue any other Guarantor or any other Person
(except as set forth in Section 3 above) and that such an election by the Collateral Agent shall
not be a defense to any action the Collateral Agent or any Secured Party may elect to take against
a Guarantor.

     11. Subject to the terms of the Intercreditor Agreement and the limitations set forth in this
Guaranty, if any amount owing hereunder shall have become due and payable (by acceleration or
otherwise), the Collateral Agent shall have the right, at any time and from time to time to the
fullest extent permitted by law, in addition to all other rights and remedies available to it,
without prior notice to Guarantors, to set-off against and to appropriate and apply to such due and
payable amounts all funds held in the Cash Collateral Account. Subject to the limitations set
forth in this Guaranty, such right shall exist whether or not the Collateral Agent or any Secured
Party shall have given notice or made any demand hereunder or under any of the Loan Notes or
Transaction Documents, and regardless of the existence or adequacy of any collateral, guarantee or
any other security, right or remedy available to the Collateral Agent or

4

 

any Secured Party. Each Guarantor hereby consents to and confirms the foregoing arrangements,
and confirms the Collateral Agent’s rights of set-off.

     12. Each Guarantor recognizes and agrees that the Borrower, after the date hereof, may incur
additional obligations, fees and expenses to the Collateral Agent and each Secured Party under the
Receivables Financing Agreement, refinance existing Guaranteed Obligations or pay existing
Guaranteed Obligations and subsequently incur additional indebtedness to the Collateral Agent and
each Secured Party under the Receivables Financing Agreement, and that in any such transaction,
even if such transaction is not now contemplated, the Collateral Agent and each Secured Party will
rely in any such case upon this Guaranty and the enforceability thereof against Guarantor and that
this Guaranty shall remain in full force and effect with respect to such future indebtedness of the
Borrower to the Collateral Agent and each Secured Party and such indebtedness shall for all
purposes constitute Guaranteed Obligations.

     13. Each Guarantor further agrees that, if at any time all or any part of any payment, from
whomever received, theretofore applied by the Collateral Agent or any Secured Party to any of the
Guaranteed Obligations is or must be rescinded or returned by the Collateral Agent or any Secured
Party for any reason whatsoever including, without limitation, the insolvency, bankruptcy or
reorganization of Guarantor, such liability shall, for the purposes of this Guaranty, to the extent
that such payment is or must be rescinded or returned, be deemed to have continued in existence,
notwithstanding such application, and this Guaranty shall continue to be effective or be
reinstated, as the case may be, as to such liabilities, all as though such application had not been
made.

     14. Each Guarantor agrees that no failure or delay on the part of the Collateral Agent or any
Secured Party to exercise any of its rights, powers or privileges under this Guaranty shall be a
wavier of such rights, powers or privileges or a waiver of any default, nor shall any single or
partial exercise of any of the Collateral Agent’s or any Secured Party’s rights, powers or
privileges preclude other or further exercise thereof or the exercise of any other right, power or
privilege or be construed as a waiver of any default. Each Guarantor further agrees that no waiver
or modification of any rights of the Collateral Agent or any Secured Party under this Guaranty
shall be effective unless in writing and signed by the Collateral Agent. Guarantor further agrees
that each written waiver shall extend only to the specific instance actually recited in such
written waiver and shall not impair the rights of the Collateral Agent or any Secured Party in any
other respect.

     15. Subject to the terms of the Intercreditor Agreement and the limitations set forth in this
Guaranty, each Guarantor, jointly and severally, unconditionally agrees to pay all costs and
expenses, including attorney’s fees, incurred by the Collateral Agent or Secured Party in enforcing
this Guaranty against any Guarantor.

     16. Each Guarantor acknowledges that in addition to binding itself to this Guaranty, at the
time of execution of this Guaranty the Collateral Agent offered to such Guarantor a copy of this
Guaranty in the form in which it was executed and that by acknowledging this fact such Guarantor
may not later be able to claim that a copy of the Guaranty was not received by it.

5

 

     17. Each Guarantor agrees that this Guaranty shall be binding upon such Guarantor, and its
successors and assigns; provided, however, that such Guarantor may not assign or
transfer any of its rights and obligations hereunder or any interest herein. Each Guarantor
further agrees that (i) this Guaranty is freely assignable and transferable by the Collateral Agent
in connection with any assignment or transfer of the Guaranteed Obligations in accordance with the
terms of the Receivables Financing Agreement and (ii) this Guaranty shall inure to the benefit of
the Collateral Agent and each Secured Party, and their successors and assigns. The Secured Parties
shall be third-party beneficiaries hereof (provided, for purposes of clarification, that any
obligations and limitations on the rights of the Collateral Agent hereunder shall likewise apply in
full to the Secured Parties). No amendment, waiver or other modification of any provision of this
Guaranty, and no consent to any departure by any Guarantor herefrom, shall in any event be
effective unless the same shall be in writing and signed by the Collateral Agent, and then such
amendment, waiver, modification or consent shall be effective only in the specific instance and for
the specific purpose for which given.

     18. Subject to the limitations set forth above in this Guaranty, each Guarantor agrees that if
any Guarantor fails to perform any covenant or agreement hereunder or if there occurs a Termination
Event under the Receivables Financing Agreement, all or any part of the Guaranteed Obligations may
be declared to be forthwith due and payable (and, in the case of a Termination Event described in
Section 10.1.4 of the Receivables Financing Agreement, the Guaranteed Obligations shall be
immediately due and payable) jointly and severally by the Guarantors, in any case without
presentment, demand, protest or notice of any kind, all of which are hereby expressly waived.

     19. Subject to the limitations set forth in the Intercreditor Agreement and above in this
Guaranty, each Guarantor agrees that the enumeration of the Collateral Agent’s and each Secured
Party’s rights and remedies set forth in this Guaranty is not intended to be exhaustive and the
exercise by the Collateral Agent or any Secured Party of any right or remedy shall not preclude the
exercise of any other rights or remedies, all of which shall be cumulative and shall be in addition
to any other right or remedy given hereunder or under any other agreement among the parties to the
Transaction Documents and the Guarantor Security Agreement, dated as of the date hereof, as amended
supplemented or otherwise modified from time to time or which may now or hereafter exist at law or
in equity or by suit or otherwise.

     20. Each Guarantor agrees that all notices, statements, requests, demands and other
communications under this Guaranty shall be given to such Guarantor at the address set forth below
their respective names on the signature page hereof in the manner provided in Section 15.3 of the
Receivables Financing Agreement.

     21. (a) Each Guarantor agrees that the provisions of this Guaranty are severable, and in an
action or proceeding involving any state or federal bankruptcy, insolvency or other law affecting
the rights of creditors generally:

          (i) if any clause or provision shall be held invalid or unenforceable in whole or in
part in any jurisdiction, then such invalidity or unenforceability shall affect only such
clause or provision, or part thereof, in such jurisdiction and shall not in any

6

 

manner affect such clause or provision in any other jurisdiction, or any other clause
or provision in this Guaranty in any jurisdiction.

          (ii) if this Guaranty would be held or determined to be void, invalid or unenforceable
on account of the amount of Guarantor’s aggregate liability under this Guaranty, then,
notwithstanding any other provision of this Guaranty to the contrary, the aggregate amount
of such liability shall, without any further action by the Collateral Agent, any Secured
Party, such Guarantor or any other Person, be automatically limited and reduced to the
highest amount which is valid and enforceable as determined in such action or proceeding.

          (b) If the guarantee by a Guarantor of the Guaranteed Obligations is held or determined to be
void, invalid or unenforceable, in whole or in part, such holding or determination shall not impair
or affect the validity and enforceability of any clause or provision not so held to be void,
invalid or unenforceable against such Guarantor.

     22. THIS GUARANTY SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE INTERNAL LAWS OF
THE STATE OF NEW YORK WITHOUT REFERENCE TO CONFLICT OF LAWS PRINCIPLES OTHER THAN THOSE SET FORTH
IN SECTIONS 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW OF THE STATE OF NEW YORK.

     23. EACH GUARANTOR HEREBY KNOWINGLY, VOLUNTARILY AND INTENTIONALLY WAIVES ANY RIGHTS IT MAY
HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING OUT OF, UNDER, OR IN
CONNECTION WITH, THIS GUARANTY, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER
VERBAL OR WRITTEN) OR ACTIONS OF THE COLLATERAL AGENT, ANY SECURED PARTY OR ANY OTHER AFFECTED
PARTY. EACH GUARANTOR ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT
CONSIDERATION FOR THIS PROVISION (AND EACH OTHER PROVISION OF EACH OTHER TRANSACTION DOCUMENT TO
WHICH IT IS A PARTY) AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR THE OTHER PARTIES
ENTERING INTO THIS GUARANTY AND EACH SUCH OTHER TRANSACTION DOCUMENT.

     24. Each Guarantor hereby agrees that it will not institute against the Borrower, or join any
Person in instituting against the Borrower, any insolvency proceeding (namely, any proceeding of
the type referred to in the definition of Event of Bankruptcy) until one year and one day after the
date, on which the Loan and all other Obligations have been paid in full. The provisions of this
Section 24 shall survive the termination hereof.

     25. ANY LEGAL ACTION OR PROCEEDING WITH RESPECT TO THIS GUARANTY MAY BE BROUGHT IN THE COURTS
OF THE STATE OF NEW YORK OR OF THE UNITED STATES FEDERAL COURT SITTING IN NEW YORK, NEW YORK, AND
BY EXECUTION AND DELIVERY OF THIS GUARANTY, EACH PARTY HERETO CONSENTS, FOR ITSELF AND IN RESPECT
OF ITS PROPERTY, TO THE NON-EXCLUSIVE JURISDICTION OF THOSE COURTS. EACH PARTY HERETO

7

 

IRREVOCABLY WAIVES, TO THE MAXIMUM EXTENT PERMITTED BY LAW, ANY OBJECTION, INCLUDING ANY
OBJECTION TO THE LAYING OF VENUE OR BASED ON THE GROUNDS OF FORUM NON CONVENIENS, THAT IT MAY NOW
OR HEREAFTER HAVE TO THE BRINGING OF ANY ACTION OR PROCEEDING IN SUCH JURISDICTION IN RESPECT OF
THIS GUARANTY OR ANY DOCUMENT RELATED HERETO.

     26. Capitalized terms used herein but not otherwise defined shall have the meaning set forth
in the Receivables Financing Agreement.

(signature page follows)

8

 

     IN WITNESS WHEREOF, Guarantors intending to be legally bound, has executed this Guaranty as of
the date first above written with the intention that this Guaranty shall constitute a sealed
instrument.

	 	 	 	 	 	 	 
	 	 	Asta Funding Acquisition I, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 

	 	     
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Asta Funding Acquisition II, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 

	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Asta Funding Acquisition IV, LLC, as a

Guarantor	 	 
	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 

S-1 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Collection, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition I, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition II, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 

S-2 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition IV, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition V, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition VI, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 

S-3 

 

	 	 	 	 	 	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition VII, LLC, as a 
Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition VIII, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition IX, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 

S-4 

 

	 	 	 	 	 	 	 
	 	 	Palisades Acquisition X, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition XI, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition XII, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 

S-5 

 

	 	 	 	 	 	 	 
	 	 	Palisades Acquisition XIII, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern
 

	 	     
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition XIV, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition XV, LLC, as a
 Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 

S-6 

 

	 	 	 	 	 	 	 
	 	 	Palisades Acquisition XVII, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Palisades Acquisition XVIII, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Cliffs Portfolio Acquisition I, LLC, as a

Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 

S-7 

 

	 	 	 	 	 	 	 
	 	 	Sylvan Acquisition I, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Asta Funding, Inc., as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Computer Finance, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 

S-8 

 

	 	 	 	 	 	 	 
	 	 	Astafunding.com, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Asta Commercial, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Citizens Lending Group, LLC, as a 
Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manger	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 

S-9 

 

	 	 	 	 	 	 	 
	 	 	Ventura Services, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Option Card, LLC, as a Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 
	 
	 	 	 	 	 	 
	 	 	Vativ Recovery Solutions, LLC, as a 
Guarantor	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ Gary Stern	 	 
	 

	 	 	 	 	 	 
	 

	 	Name:
	 	Gary Stern	 	 
	 

	 	Title:
	 	Manager	 	 
	 
	 	 	 	 	 	 
	 	 	Address for Notices:	 	 
	 	 	210 Sylvan Avenue	 	 
	 	 	Englewood Cliffs, NJ 07632	 	 

S-10 

 

Accepted as of the date:

BMO CAPITAL MARKETS CORP.,

as Collateral Agent

By:
/s/ John Pappano                     
                    
         

Name: John Pappano 

Title: Managing Director

S-11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00153-of-00352.parquet"}]]