Document:

EX-10.17

 Exhibit 10.17 

EXECUTION VERSION 
  

 
  

SALE AND SERVICING AGREEMENT 

Dated as of July 30, 2014 

ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2 

among 

ONEMAIN FINANCIAL FUNDING II, LLC, 

as Depositor, 
 WELLS
FARGO BANK, N.A., 
 as Depositor Loan Trustee 

ONEMAIN FINANCIAL, INC., 

as Servicer, 
 THE SUBSERVICERS
PARTY HERETO, 
 as Subservicers, 

ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2, 

as Issuer, 
 and 

WELLS FARGO BANK, N.A., 

as Issuer Loan Trustee 
  

 
  

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
	 ARTICLE I
	   

	
	 DEFINITIONS
	   

	 Section 1.01.
	  	 Definitions
	  	 	1	  
	
	 ARTICLE II
	   

	
	 CONVEYANCE OF LOANS
	   

			
	 Section 2.01.
	  	 Conveyance of Loans
	  	 	1	  
	 Section 2.02.
	  	 Acceptance by Issuer and Issuer Loan Trustee
	  	 	4	  
	 Section 2.03.
	  	 Representations and Warranties of the Depositor Relating to the Depositor
	  	 	4	  
	 Section 2.04.
	  	 Representations and Warranties of the Depositor Loan Trustee
	  	 	6	  
	 Section 2.05.
	  	 Representations and Warranties of the Depositor Relating to this Agreement and the Loans
	  	 	7	  
	 Section 2.06.
	  	 Repurchase Obligations
	  	 	9	  
	 Section 2.07.
	  	 Covenants of the Depositor and the Depositor Loan Trustee
	  	 	10	  
	 Section 2.08.
	  	 Addition of Loans
	  	 	14	  
	 Section 2.09.
	  	 Optional Purchase
	  	 	16	  
	 Section 2.10.
	  	 Optional Reassignment of Loans
	  	 	17	  
	 Section 2.11.
	  	 Terminated Loan Price Deposits
	  	 	18	  
	 Section 2.12.
	  	 Issuer Loan Exclusions
	  	 	18	  
	 Section 2.13.
	  	 Investment Company Act Restriction
	  	 	19	  
	
	 ARTICLE III
	   

	
	 ADMINISTRATION AND SERVICING OF LOANS
	   

			
	 Section 3.01.
	  	 Acceptance of Appointment and Other Matters Relating to the Servicer
	  	 	19	  
	 Section 3.02.
	  	 Servicing Compensation
	  	 	20	  
	 Section 3.03.
	  	 Representations, Warranties and Covenants of the Servicer and each Subservicer
	  	 	21	  
	 Section 3.04.
	  	 Adjustments
	  	 	24	  
	 Section 3.05.
	  	 Back-up Servicing Agreement
	  	 	24	  
	 Section 3.06.
	  	 Monthly Servicer Report
	  	 	24	  
	 Section 3.07.
	  	 Annual Compliance Certificate
	  	 	24	  
	 Section 3.08.
	  	 Copies of Reports Available
	  	 	24	  
	 Section 3.09.
	  	 Notices To OneMain Financial
	  	 	25	  
	 Section 3.10.
	  	 Subservicing
	  	 	25	  
	 Section 3.11.
	  	 Custody of Receivable Files
	  	 	26	  

  
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	 ARTICLE IV
	   

	
	 COLLECTIONS AND ALLOCATIONS
	   

			
	 Section 4.01.
		 Collections and Allocations
		 	27	  
		
	 ARTICLE V
				
		
	 OTHER MATTERS RELATING TO THE DEPOSITOR
				
			
	 Section 5.01.
		 Liability of the Depositor
		 	27	  
	 Section 5.02.
		 Merger or Consolidation of the Depositor
		 	28	  
	 Section 5.03.
		 Limitations on Liability of the Depositor
		 	29	  
		
	 ARTICLE VI
				
		
	 OTHER MATTERS RELATING TO THE SERVICER AND THE SUBSERVICERS
				
			
	 Section 6.01.
		 Liability of Servicer and the Subservicers
		 	29	  
	 Section 6.02.
		 Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or a Subservicer
		 	29	  
	 Section 6.03.
		 Limitation on Liability of the Servicer, the Subservicers and Others
		 	30	  
	 Section 6.04.
		 Servicer Indemnification of the Issuer, the Issuer Loan Trustee for the Benefit of the Issuer, the Owner Trustee and the Indenture
Trustee
		 	31	  
	 Section 6.05.
		 Resignation of the Servicer and the Subservicers
		 	31	  
	 Section 6.06.
		 Access to Certain Documentation and Information Regarding the Loans
		 	32	  
	 Section 6.07.
		 Delegation of Duties
		 	32	  
	 Section 6.08.
		 Examination of Records
		 	33	  
	 Section 6.09.
		 Servicer Power of Attorney
		 	33	  
		
	 ARTICLE VII
				
		
	 INSOLVENCY EVENTS
				
			
	 Section 7.01.
		 Rights upon the Occurrence of an Insolvency Event
		 	33	  
		
	 ARTICLE VIII
				
		
	 SERVICER DEFAULTS
				
			
	 Section 8.01.
		 Servicer Defaults
		 	34	  
	 Section 8.02.
		 Indenture Trustee to Act; Appointment of Successor
		 	36	  
	 Section 8.03.
		 Rule 15Ga-1 Compliance
		 	36	  

  
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	 ARTICLE IX
				
		
	 TERMINATION
				
			
	 Section 9.01.
		 Termination of Agreement as to Servicing
		 	37	  
		
	 ARTICLE X
				
		
	 MISCELLANEOUS PROVISIONS
				
			
	 Section 10.01.
		 Amendment; Waiver of Past Defaults; Assignment
		 	37	  
	 Section 10.02.
		 Protection of Right, Title and Interest of Issuer and Issuer Loan Trustee for the Benefit of the Issuer
		 	39	  
	 Section 10.03.
		 GOVERNING LAW
		 	40	  
	 Section 10.04.
		 Notices
		 	41	  
	 Section 10.05.
		 Severability
		 	44	  
	 Section 10.06.
		 Further Assurances
		 	44	  
	 Section 10.07.
		 Nonpetition Covenant
		 	44	  
	 Section 10.08.
		 No Waiver; Cumulative Remedies
		 	44	  
	 Section 10.09.
		 Counterparts
		 	44	  
	 Section 10.10.
		 Binding Effect; Third-Party Beneficiaries
		 	44	  
	 Section 10.11.
		 Merger and Integration
		 	45	  
	 Section 10.12.
		 Headings
		 	45	  
	 Section 10.13.
		 Schedules and Exhibits
		 	45	  
	 Section 10.14.
		 Survival of Representations and Warranties
		 	45	  
	 Section 10.15.
		 Limited Recourse
		 	45	  
	 Section 10.16.
		 Rights of the Indenture Trustee
		 	46	  
	 Section 10.17.
		 Intention of the Parties
		 	46	  
	 Section 10.18.
		 Additional Subservicers
		 	46	  
	 Section 10.19.
		 Limitation of Liability of Wilmington Trust
		 	47	  
	 Section 10.20.
		 Limitation of Liability of Depositor Loan Trustee and Issuer Loan Trustee
		 	47	  

 SCHEDULES 
  

					
	Schedule I		—		List of Subservicers
	Schedule II		—		Part A – Definitions Schedule
					Part B – Rules of Construction
	Schedule III		—		Perfection Representations, Warranties and Covenants
			
	EXHIBITS				
			
	Exhibit A-1		—		Form of Initial Loan Assignment
	Exhibit A-2		—		Form of Additional Loan Assignment
	Exhibit B		—		Form of Annual Compliance Certificate
	Exhibit C		—		Form of Loan Reassignment

  
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	Exhibit D		—		Form of Accession Agreement
	Exhibit E		—		Conditions to Accession
	Exhibit F		—		Rule 15Ga-1 Information
	Exhibit G		—		Form of Limited Power of Attorney

  
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 SALE AND SERVICING AGREEMENT, dated as of July 30, 2014 (this “Agreement”),
among ONEMAIN FINANCIAL FUNDING II, LLC, a Delaware limited liability company, as the Depositor, WELLS FARGO BANK, N.A., a national banking association, not in its individual capacity, but solely as loan trustee for the benefit of the
Depositor (in such capacity, the “Depositor Loan Trustee”), ONEMAIN FINANCIAL, INC., a Delaware corporation, as the Servicer, the Subservicers Party Hereto as identified in Schedule I hereto, ONEMAIN FINANCIAL
ISSUANCE TRUST 2014-2, a Delaware statutory trust, as the Issuer and WELLS FARGO BANK, N.A., a national banking association, not in its individual capacity, but solely as loan trustee for the benefit of the Issuer (in such capacity, the
“Issuer Loan Trustee”). 
 BACKGROUND 

Under this Agreement, each of the Depositor and the Depositor Loan Trustee, for the benefit of the Depositor, will sell, from time to time, to
the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, respectively, certain interests in consumer loans. The Issuer Loan Trustee will hold legal title to, and serve as loan trustee with respect to, such consumer loans for the benefit
of the Issuer. The Issuer and the Issuer Loan Trustee for the benefit of the Issuer each intend to grant a security interest in the interests it owns in such consumer loans to the Indenture Trustee under the Indenture. 

In consideration of the mutual agreements herein contained, each party agrees as follows for the benefit of the other parties, the Noteholders
to the extent provided herein and in the Indenture: 
 ARTICLE I 

DEFINITIONS 

Section 1.01. Definitions. Certain capitalized terms in this Agreement are defined in and shall have the respective meanings
assigned to them in Part A of Schedule II to this Agreement. The rules of construction set forth in Part B of Schedule II shall be applicable to this Agreement. 

ARTICLE II 
 CONVEYANCE
OF LOANS 
 Section 2.01. Conveyance of Loans. (a) In consideration of the Issuer’s promise to pay the Purchase
Price with respect to the Sold Assets, each of the Depositor and the Depositor Loan Trustee, for the benefit of the Depositor, do hereby sell, transfer, convey, assign, set-over and otherwise convey to the Issuer and, solely with respect to legal
title to such Loans, the Issuer Loan Trustee for the benefit of the Issuer, respectively, from time to time, without recourse except as provided herein, all its right, title and interest in, to and under, whether now owned or hereafter acquired
(i) the Purchased Assets, (ii) in the case of the Depositor, the right to receive all Collections with respect to the Purchased Assets after the applicable Cut-Off Date, (iii) all rights of the Depositor and the Depositor Loan Trustee
for the benefit of the Depositor 

  
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under the Loan Purchase Agreement and (iv) all proceeds thereof (such property, collectively, the “Sold Assets”); provided, however, that the Sold Assets shall
not include any Reassigned Loan released to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor in connection with any Issuer Loan Release. The foregoing does not constitute and is not intended to result in the creation or
an assumption by the Issuer, the Issuer Loan Trustee (as such or in its individual capacity), the Owner Trustee (as such or in its individual capacity), the Indenture Trustee or any Noteholder of any obligation of any Seller, the Depositor, the
Depositor Loan Trustee (as such or in its individual capacity), the Servicer or any other Person in connection with the Loans or under any agreement or instrument relating thereto, including any obligations to Loan Obligors. 

(b) In consideration for the purchase of the Sold Assets hereunder, the Issuer hereby agrees, subject to Article VIII of the Indenture, to pay
to the Depositor on the Closing Date and, on each Payment Date, as applicable, the Purchase Price for the related Loans, which shall consist of (i) cash proceeds from the issuance of the Notes, (ii) with respect to any Additional Loans
(including any conveyance in connection with Renewal Loan Replacements), Collections available for such purpose under the Indenture, including funds on deposit in the Principal Distribution Account; provided, that any such consideration for
an Additional Loan that is paid using Collections (including funds on deposit in the Principal Distribution Account) shall only be payable on the Payment Date immediately following (y) the Collection Period in which Renewal Loans (including any
amount of Renewal Loan Advances) with respect to Renewal Loan Replacements become Additional Loans, (z) the Loan Action Date with respect to each other Additional Loan and (iii) the Trust Certificate or, so long as the Depositor is the
holder of the Trust Certificate, an increase in the value thereof. In the case of any Renewal Loan Replacement, the Purchase Price payable on the applicable Payment Date in respect of the applicable Renewal Loan shall be calculated on the excess, if
any, of the Loan Principal Balance of such Renewal Loan over the Terminated Loan Price of the Terminated Loan relating to such Renewal Loan, in each case, at the time of the Renewal. Any portion of the Purchase Price for any Loan that is not paid in
cash shall constitute a contribution to the capital of the Issuer. 
 (c) The Depositor, on behalf of itself and the Depositor Loan Trustee,
agrees to authorize, record and file, at the expense of the Depositor, on or within ten (10) days of the Closing Date, all the financing statements (and amendments to financing statements when applicable) with respect to the Loans and the other
Sold Assets meeting the requirements of applicable law in such manner and in such jurisdictions as are necessary to perfect, and maintain the perfection of, the transfer and assignment of the Loans and the other Sold Assets to each of the Issuer and
the Issuer Loan Trustee for the benefit of the Issuer, in each case as a first-priority ownership interest, and to deliver a file stamped copy of each such financing statement or other evidence of such filing to the Issuer and the Issuer Loan
Trustee and, in the case of amendments to financing statements, as soon as practicable after receipt thereof by the Depositor and the Depositor Loan Trustee. In the event that any transfer of Sold Assets on any Addition Date requires any filing or
documents necessary to maintain the interest of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer and their assigns as a first-priority perfected ownership interest, the Depositor shall cause all such filings and recordings to be
made on or within ten (10) days of the date of such transfer and promptly provide evidence thereof to the Issuer and the Issuer Loan Trustee. 

  
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 (d) On or prior to the Closing Date or the relevant Addition Date, as applicable, the Depositor
shall mark its electronic records with respect to each Loan sold hereunder with a designation to indicate that the Loans and the related Sold Assets have been sold to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer under this
Agreement and a security interest therein granted to the Indenture Trustee under the Indenture. In connection with any Renewal of a Loan with respect to Renewal Loan Replacements, such marking of the electronic records shall include recordation of
the loan number for the original Loan subject to such Renewal in the electronic file for the Renewal Loan. The Depositor shall not change any of these entries in its computer files relating to any such Loan or related Sold Assets except in
connection with any Loan that ceases to be a Sold Asset; provided, that after a Loan shall have been repaid in full (and all Collections in respect thereof shall have been deposited into the Collection Account) or shall have become a
Terminated Loan (and with respect to such Terminated Loan (y) the related Renewal Loan has been included on an electronic file identifying Renewal Loans that have become Additional Loans pursuant to Section 2.08(c) or (z) the related
Terminated Loan Price shall have been deposited into the Principal Distribution Account pursuant to Section 2.11), such entries may be removed consistent with the Credit and Collection Policy. 

(e) The Depositor, on behalf of itself and the Depositor Loan Trustee, shall deliver to the Issuer and the Issuer Loan Trustee a Loan
Schedule, together with the Initial Loan Assignment, on the Closing Date identifying the Loans sold by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to the Issuer and the Issuer Trustee for the benefit of the Issuer
on the Closing Date. In addition, the Depositor on behalf of itself and the Depositor Loan Trustee agrees, no later than the Monthly Determination Date following the end of each Collection Period, to deliver or cause to be delivered to the Issuer
and the Issuer Loan Trustee, an updated Loan Schedule (i) including (A) all Loans that were included in Sold Assets at the close of business on the last day of the immediately preceding Collection Period (other than any Loans identified in
clause (ii) below) and (B) all Additional Loans acquired by the Issuer and the Issuer Loan Trustee for the benefit of the Issuer from the Depositor and the Depositor Loan Trustee in connection with an Additional Loan Assignment on the
Addition Date occurring on the immediately preceding Loan Action Date, but (ii) excluding any Loans acquired by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor from the Issuer and the Issuer Loan Trustee in
connection with any optional reassignment of Loans on any Document Delivery Date preceding such Monthly Determination Date. Such Loan Schedule will also separately identify each Loan that is designated as an Excluded Loan as of such Monthly
Determination Date. 
 (f) The parties intend that the transfer of the Sold Assets to the Issuer and the Issuer Loan Trustee for the benefit
of the Issuer by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor be an absolute sale and not a secured borrowing. If the transaction under this Agreement were determined to be a loan rather than an absolute sale despite
this intent of the parties, the transfers provided for in this Agreement shall be deemed to be the grant of, and each of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor hereby grants to the Issuer and the Issuer Loan
Trustee for the benefit of the Issuer, a first-priority security interest in all of such entity’s right, title, and interest, whether now owned or hereafter acquired, in, to, and under the Sold Assets to secure the payment and performance of
all obligations of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor 

  
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under this Agreement including the obligation to cause the sale of Sold Assets and the payment of all monies due under the Sold Assets to the Issuer, the Issuer Loan Trustee and their assigns.
This grant is a protective measure and must not be construed as evidence of any intent contrary to the one expressed in the first sentence of this paragraph, nor should the intent expressed in the first sentence of this paragraph be deemed to be an
expression of the intended tax treatment of the conveyance of the Purchased Assets. 
 Section 2.02. Acceptance by Issuer and Issuer
Loan Trustee. (a) Each of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer hereby acknowledge its acceptance of all right, title and interest to the Sold Assets purchased by, and conveyed to, the Issuer and the Issuer
Loan Trustee for the benefit of the Issuer pursuant to Section 2.01. Each of the Issuer and the Issuer Loan Trustee further acknowledges that, prior to or simultaneously with the execution and delivery of this Agreement, the Depositor delivered
to it a Loan Schedule relating to the Initial Loans. 
 (b) The Issuer and the Issuer Loan Trustee hereby agree not to disclose to any
Person any of the loan numbers or other information contained in the Loan Schedule (including any supplement thereto) except (i) to the Servicer (or any Subservicer), the Back-up Servicer, the Custodian or as required by a Requirement of Law
applicable to the Owner Trustee, the Issuer or the Issuer Loan Trustee, (ii) in connection with the performance of any of the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s duties hereunder, (iii) to the
Indenture Trustee in connection with its duties in enforcing the rights of Noteholders, (iv) to any Seller or (v) to bona fide creditors or potential creditors of the Depositor, the Depositor Loan Trustee for the benefit of the Depositor,
the Issuer or the Issuer Loan Trustee for the benefit of the Issuer for the limited purpose of enabling any such creditor to identify applicable Loans subject to this Agreement, the Loan Purchase Agreement or the Indenture, provided they
agree to keep such information confidential. The Issuer agrees to take such measures as shall be reasonably requested by the Depositor to protect and maintain the security and confidentiality of such information and, in connection therewith, shall
allow the Depositor or its duly authorized representatives to inspect the Owner Trustee’s security and confidentiality arrangements as they specifically relate to the administration of the Issuer from time to time during normal business hours
upon prior written notice. 
 (c) The Issuer shall not create, assume or incur indebtedness or other liabilities in the name of the Issuer
other than as expressly contemplated in the Trust Agreement, this Agreement and the Indenture. 
 Section 2.03. Representations and
Warranties of the Depositor Relating to the Depositor. The Depositor hereby represents and warrants to each of the Issuer and the Issuer Loan Trustee, as of the Closing Date and each Addition Date that: 

(a) Organization. The Depositor is a limited liability company validly existing and in good standing under the laws of,
and is duly qualified to do business in, the jurisdiction of its organization, and has full power and authority to own its properties and conduct its business as presently owned or conducted, and to execute, deliver and perform its obligations under
this Agreement, the Trust Agreement, the Loan Purchase Agreement and each other Transaction Document to which it is a party. 

  
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 (b) Due Qualification. The Depositor is in good standing as a foreign
limited liability company and is duly qualified to do business, and has obtained all necessary licenses and approvals (whether directly or indirectly through the applicable Seller or Subservicer in the applicable jurisdiction), in each jurisdiction
in which failure to so qualify or to obtain such licenses and approvals would have an Adverse Effect. 
 (c) Due
Authorization. The execution and delivery by the Depositor of this Agreement and any Transaction Document to which it is a party and the consummation by the Depositor of the transactions provided for in this Agreement and any Transaction
Document to which it is a party have been duly authorized by all necessary action on the part of the Depositor. 
 (d) No
Conflict. The execution and delivery by the Depositor of this Agreement and any Transaction Document to which it is a party and the performance by the Depositor of the transactions contemplated by this Agreement and any Transaction Document to
which it is a party and the fulfillment by the Depositor of the terms hereof and thereof applicable to the Depositor, will not conflict with or violate the organizational documents of the Depositor or any Requirements of Law applicable to the
Depositor or conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument
to which the Depositor is a party or by which it or its properties are bound. 
 (e) Enforceability. Each of this
Agreement and each other Transaction Document to which the Depositor is a party is a legal, valid and binding obligation of the Depositor and is enforceable against the Depositor in accordance with its terms, except as enforceability may be limited
by Debtor Relief Laws or general principles of equity; 
 (f) No Proceedings. There are no Proceedings or
investigations pending before any Governmental Authority or, to the best knowledge of the Depositor, threatened, against the Depositor (i) asserting the invalidity of this Agreement or any other Transaction Document to which the Depositor is a
party, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document to which the Depositor is a party, (iii) seeking any determination or ruling that, in the
reasonable judgment of the Depositor, would materially and adversely affect the performance by the Depositor of its obligations under this Agreement or any other Transaction Document to which it is a party, (iv) seeking any determination or
ruling that would materially and adversely affect the validity or enforceability of this Agreement or any other Transaction Document to which the Depositor is a party or (v) seeking to affect adversely the income or franchise tax attributes of
the Issuer under the U.S. federal or any state income or franchise tax systems. 
 (g) All Consents. All
authorizations, consents, orders or approvals of or registrations or declarations with any Governmental Authority required to be obtained, effected or given by the Depositor in connection with the execution and delivery by the Depositor of this
Agreement and any Transaction Document to which it is a party and the performance of the transactions contemplated by this Agreement and any Transaction Document to which it is a party have been duly obtained, effected or given and are in full force
and effect. 
 (h) Investment Company Act. It is not an “investment company” required to be registered under
the Investment Company Act. 

  
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 Section 2.04. Representations and Warranties of the Depositor Loan Trustee. The
Depositor Loan Trustee for the benefit of the Depositor hereby represents and warrants to each of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, as of the Closing Date and each Addition Date that: 

(a) Organization. The Depositor Loan Trustee is a national banking association validly existing and in good standing
under the laws of the United States, and is duly qualified to do business, and has full power and authority to own its properties and conduct its business as presently owned or conducted, and to execute, deliver and perform its obligations under
this Agreement, the Trust Agreement, the Loan Purchase Agreement and each other Transaction Document to which it is a party. 

(b) Due Qualification. The Depositor Loan Trustee is in good standing and is duly qualified to do business, and has
obtained all necessary licenses and approvals, in each jurisdiction in which failure to so qualify or to obtain such licenses and approvals would have an Adverse Effect. 

(c) Due Authorization. The execution and delivery by the Depositor Loan Trustee of this Agreement and any Transaction
Document to which it is a party and the consummation by the Depositor Loan Trustee of the transactions provided for in this Agreement and any Transaction Document to which it is a party have been duly authorized by all necessary action on the part
of the Depositor Loan Trustee. 
 (d) No Conflict. The execution and delivery by the Depositor Loan Trustee of
this Agreement and any Transaction Document to which it is a party and the performance by the Depositor Loan Trustee of the transactions contemplated by this Agreement and any Transaction Document to which it is a party and the fulfillment by the
Depositor Loan Trustee of the terms hereof and thereof applicable to the Depositor Loan Trustee, will not conflict with or violate the organizational documents of the Depositor Loan Trustee or any Requirements of Law applicable to the Depositor Loan
Trustee or conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, any indenture, contract, agreement, mortgage, deed of trust or other instrument to
which the Depositor Loan Trustee is a party or by which it or its properties are bound. 
 (e) Enforceability. Each of
this Agreement and each other Transaction Document to which the Depositor Loan Trustee for the benefit of the Depositor is a party is a legal, valid, and binding obligation of the Depositor Loan Trustee and is enforceable against the Depositor Loan
Trustee in accordance with its terms, except as enforceability may be limited by Debtor Relief Laws or general principles of equity; 

  
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 (f) No Proceedings. There are no Proceedings or investigations pending
before any Governmental Authority or, to the best knowledge of the Depositor Loan Trustee, threatened, against the Depositor Loan Trustee (i) asserting the invalidity of this Agreement or any other Transaction Document to which the Depositor
Loan Trustee is a party, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any other Transaction Document to which the Depositor Loan Trustee for the benefit of the Depositor is a party,
(iii) seeking any determination or ruling that, in the reasonable judgment of the Depositor Loan Trustee, would materially and adversely affect the performance by the Depositor Loan Trustee of its obligations under this Agreement or any other
Transaction Document to which it is a party, (iv) seeking any determination or ruling that would materially and adversely affect the validity or enforceability of this Agreement or any other Transaction Document to which the Depositor Loan
Trustee is a party or (v) seeking to affect adversely the income or franchise tax attributes of the Issuer under the U.S. federal or any state income or franchise tax systems. 

(g) All Consents. All authorizations, consents, orders or approvals of or registrations or declarations with any
Governmental Authority required to be obtained, effected or given by the Depositor Loan Trustee in connection with the execution and delivery by the Depositor Loan Trustee of this Agreement and any Transaction Document to which it is a party and the
performance of the transactions contemplated by this Agreement and any Transaction Document to which it is a party have been duly obtained, effected or given and are in full force and effect. 

Section 2.05. Representations and Warranties of the Depositor Relating to this Agreement and the Loans. 

(a) Representations and Warranties. The Depositor hereby represents and warrants to the Issuer, the Issuer Loan Trustee for the benefit
of the Issuer and the Servicer as of the Closing Date, as of each Addition Date and, with respect to each Loan, as of the applicable Cut-Off Date that: 

(i) the Loan Schedule identifies, in the case of the Closing Date, or the applicable Additional Loan Assignment Schedule
delivered on the applicable Document Delivery Date following the applicable Addition Date will identify, in the case of an Addition Date, all of the Loans conveyed by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to
the Issuer and the Issuer Loan Trustee for the benefit of the Issuer on the Closing Date or such Addition Date, as applicable, and each such Loan is in all material respects as described in the Loan Schedule or as will be described in the Additional
Loan Assignment Schedule, as applicable, and when delivered to the Issuer and the Issuer Loan Trustee by the Depositor the information contained in the Loan Schedule or Additional Loan Assignment Schedule, as applicable, with respect to each Loan
will be true, correct and complete in all material respects as of the related Cut-Off Date; 

  
 -7- 

 (ii) (x) with respect to the Initial Loans, on the Closing Date and
(y) with respect to any Additional Loans, upon the applicable Addition Date, this Agreement constitutes a valid sale, transfer, assignment and conveyance to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer of all right,
title and interest of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor in the Loans (including any Renewal Loans) conveyed to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer by the Depositor and the
Depositor Loan Trustee for the benefit of the Depositor and the proceeds thereof or, if this Agreement does not constitute a sale of such property, it constitutes a grant of a security interest in such property to the Issuer, which is enforceable
upon execution and delivery of this Agreement, in the case of the Initial Loans and upon such Addition Date, in the case of any Additional Loans. Upon the filing of the applicable financing statements, the Issuer and the Issuer Loan Trustee for the
benefit of the Issuer shall have a first-priority perfected security or ownership interest in such property and proceeds; 

(iii) as of the applicable Cut-Off Date, each Loan conveyed by the Depositor and the Depositor Loan Trustee for the benefit of
the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer hereunder on the Closing Date or the relevant Addition Date, as applicable, was an Eligible Loan; 

(iv) each of the representations and warranties of the Sellers set forth in Section 4.02(a) of the Loan Purchase Agreement
as of the Closing Date or such Addition Date, as applicable, is true and correct as of such date; 
 (v) other than the
security interest granted and the conveyance to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to this Agreement, neither the Depositor nor the Depositor Loan Trustee for the benefit of the Depositor has pledged,
assigned, sold, granted a security interest in, or otherwise conveyed any of the Sold Assets; and 
 (vi) the
representations, warranties and covenants set forth on Schedule III hereto shall be a part of this Agreement for all purposes. Notwithstanding any other provision of this Agreement or any other Transaction Document, the perfection representations
contained in Schedule III shall be continuing, and remain in full force and effect until such time as this Agreement terminates pursuant to Section 9.01 of this Agreement. The parties to this Agreement: (A) shall not waive any of the
perfection representations contained in Schedule III; (B) shall provide each Rating Agency with prompt written notice of any material breach of perfection representations contained in Schedule III and (C) shall not waive a breach of any of
the perfection representations contained in Schedule III. 
 In addition, in the case of an Excluded Loan that is de-designated as such on
any Loan Action Date, the Depositor represents and warrants to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Servicer as of such Payment Date that such Loan would constitute an Eligible Loan as of the end of the related
Collection Period if the last day of such Collection Period were deemed to be such Loan’s Cut-Off Date. 

  
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 (b) Notice of Breach. The representations and warranties set forth in Section 2.04
and this Section 2.05 shall survive the transfers and assignments of the Loans to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, the grant of a security interest in the Loans to the Indenture Trustee pursuant to the
Indenture, and the issuance of the Notes. Upon discovery by the Depositor, the Depositor Loan Trustee, the Servicer, the Issuer or the Issuer Loan Trustee of a breach of any of the representations and warranties set forth in Section 2.04 or
this Section 2.05, the party discovering such breach shall give notice to the other parties and to the Indenture Trustee within five (5) Business Days following such discovery; provided that the failure to give notice within five
(5) Business Days does not preclude subsequent notice. 
 Section 2.06. Repurchase Obligations. (a) Upon the discovery
or receipt of notice by the Indenture Trustee, the Issuer or the Issuer Loan Trustee of a breach of any representation or warranty contained in Section 2.05(a) hereof (or under Section 4.02(a) of the Loan Purchase Agreement as incorporated
pursuant to Section 2.05(a)(iv) of this Agreement) by the Depositor with respect to a Loan sold to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, at the time such representations and warranties were made, which breach
materially adversely affects the interests of the Noteholders in such Loan, the party discovering or receiving notice of such breach shall give prompt written notice thereof to the applicable Seller, the Depositor, the Depositor Loan Trustee, the
Issuer, the Issuer Loan Trustee and the Indenture Trustee (it being understood that the discovering party shall not be required to notify itself). In the case of a breach of any representation or warranty contained in Section 2.05(a)(i),
(iii) or (iv) hereof, the Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall immediately exercise their rights under Section 6.01 of the Loan Purchase Agreement to require the Seller to cure such breach,
or if such breach is not cured during the applicable period, to repurchase such Loan in accordance with such section. The Depositor Loan Trustee agrees to take any action reasonably requested by the Depositor in order to effectuate such cure or
repurchase. The obligations of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to require the Seller to cure or the obligations of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor,
respectively, to repurchase the affected Loan shall constitute the sole and exclusive remedy under this Agreement or otherwise respecting a breach of its representations or warranties contained in Section 2.05(a)(i), (iii) or
(iv) hereof with respect to the Depositor, the Depositor Loan Trustee and the affected Loan. In the case of a breach of any representation or warranty contained in Section 2.05(a)(ii), (v) or (vi), within sixty (60) days from the
date on which the Depositor is notified of, or discovered, such breach, the Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall either cure such breach in all material respects or purchase the affected Loan at the
applicable Repurchase Price in accordance with Section 2.06(b) hereof. The obligations of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to cure or purchase the affected Loan shall constitute the sole and
exclusive remedy under this Agreement or otherwise respecting a breach of its representations or warranties contained in Section 2.05(a)(ii), (v) or (vi) hereof with respect to the affected Loan. 

  
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 (b) In the event that the applicable breaching Seller has not cured any breach with respect to
the representations and warranties contained in Section 2.05(a)(i), (iii) or (iv) hereof within the required sixty-day period in accordance with Section 6.01 of the Loan Purchase Agreement, each of the Depositor and the Depositor
Loan Trustee for the benefit of the Depositor must repurchase their respective interests in the subject Loan on the initial Payment Date following the Collection Period in which such sixty-day period expired, by the Depositor making payment to the
Issuer in immediately available funds an amount equal to the Repurchase Price paid to the Depositor by the applicable Seller pursuant to Section 6.01 of the Loan Purchase Agreement. In the event that the Depositor and the Depositor Loan Trustee
for the benefit of the Depositor has not cured any breach with respect to the representations and warranties contained in Section 2.05(a)(ii), (v) or (vi) within the required sixty-day period in accordance with Section 2.06(a)
hereof, each of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor must repurchase their respective interests in the subject Loan on the initial Payment Date following the Collection Period in which such sixty-day period
expired, by the Depositor making payment to the Issuer in immediately available funds an amount equal to the Repurchase Price. Upon receipt of the applicable Repurchase Price in the Collection Account and release of such Loan from the lien of the
Indenture in accordance with the terms thereof, automatically and without further action, the Issuer and the Issuer Loan Trustee for the benefit of the Issuer hereby sell to the Depositor and, solely with respect to legal title of the applicable
Loan, the Depositor Loan Trustee for the benefit of the Depositor, without recourse, representation, or warranty, all of each of the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s right, title and interest in, to, and
under (i) such Loan, (ii) with respect to the Issuer, the right to receive Collections in respect of such Loan from and after the date of such repurchase, (iii) all Sold Assets relating to such Loan and (iv) all proceeds of any
of the property and assets described in the foregoing clauses (i) through (iii). The Issuer and the Issuer Loan Trustee shall execute such documents and instruments of transfer or assignment and take such other actions as shall reasonably be
requested and provided by the party repurchasing such Loan to effect the conveyance of such Loan. 
 Section 2.07. Covenants of the
Depositor and the Depositor Loan Trustee. The Depositor and the Depositor Loan Trustee for the benefit of the Depositor hereby covenant to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Servicer, that: 

(a) Security Interests. Except for the conveyances hereunder, neither the Depositor nor the Depositor Loan Trustee will
sell, pledge, assign or transfer to any other Person, or grant, create, incur, assume or suffer to exist any Encumbrance arising through or under the Depositor or the Depositor Loan Trustee on, any Sold Assets conveyed by it to the Issuer and the
Issuer Loan Trustee for the benefit of the Issuer or any interest therein, and the Depositor and the Depositor Loan Trustee shall defend the right, title and interest of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the
Indenture Trustee in, to and under the Sold Assets, against all claims of third parties claiming through or under the Depositor or the Depositor Loan Trustee. 

(b) Trust Certificates. Except in connection with any transaction permitted by Section 5.02 and as provided in the
Indenture and the Trust Agreement, the Depositor agrees not to transfer, sell, assign, exchange, participate or otherwise convey or pledge, hypothecate or otherwise grant a security interest in the Trust Certificates held by the Depositor, and any
such attempted transfer, assignment, exchange, conveyance, pledge, hypothecation, grant or sale shall be void. 

  
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 (c) Delivery of Collections. In the event that either the Depositor or the
Depositor Loan Trustee receives Collections, each agrees to pay to the Servicer all such Collections as soon as practicable after receipt thereof. 

(d) Notice of Encumbrances. The Depositor and the Depositor Loan Trustee shall notify the Owner Trustee and the
Indenture Trustee promptly after becoming aware of any Encumbrance on any Sold Asset conveyed by it to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer other than the conveyances hereunder and under the Loan Purchase Agreement
and the Indenture. 
 (e) Amendment of the Certificate of Formation and Limited Liability Agreement. The Depositor
will not amend in any respect its certificate of formation, the Depositor LLC Agreement or other organizational documents unless (i) the Rating Agency Condition is satisfied, (ii) the Depositor shall have provided to the Indenture Trustee,
the Issuer Loan Trustee and the Issuer an Officer’s Certificate of the Depositor, dated as of the date of such amendment, stating that such amendment is not reasonably expected to result in an Adverse Effect and (iii) such amendment is
effected in accordance with the terms of the applicable organizational document. 
 (f) Separate Existence. The
Depositor shall, except as otherwise provided herein or in a Transaction Document: 
 (i) Maintain in full effect its
existence, rights and franchises as a limited liability company under the laws of the state of its formation and will obtain and preserve its qualification to do business in each jurisdiction in which such qualification is or shall be necessary to
protect the validity and enforceability of this Agreement, the Depositor Loan Trust Agreement, the Trust Agreement, the Loan Purchase Agreement, the other Transaction Documents to which it is a party and each other instrument or agreement necessary
or appropriate to proper administration hereof or thereof and to permit and effectuate the transactions contemplated hereby or thereby; 

(ii) Maintain its own separate books and records and bank accounts separate from those of any Affiliate of the Depositor; 

(iii) At all times hold itself out to the public as a separate legal and economic entity apart from any other Person, and
strictly comply with all organizational formalities to maintain its separate existence; 
 (iv) Have a board of managers
separate from that of any other Person; 
 (v) Not incur, create or assume any indebtedness or other liabilities or
obligations other than as expressly permitted under the Transaction Documents; 

  
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 (vi) Correct any known misunderstanding regarding its separate identity and
refrain from engaging in any activity that compromises the separate legal identity of the Depositor; 
 (vii) Maintain
adequate capital and a sufficient number of employees, if any employees are so needed, in light of its contemplated business purposes, transactions and liabilities and in order to pay its debts as such debts become due; 

(viii) Cause its board of managers to meet at least annually or act pursuant to written consent and keep minutes of such
meetings and actions and observe all other Delaware limited liability company formalities; 
 (ix) Not acquire any
obligations or securities of any Affiliate of the Depositor other than any securities of the Issuer as permitted by the Transaction Documents; 

(x) File its own tax returns, if any, as may be required under applicable law, to the extent (1) not part of a
consolidated group filing a consolidated return or returns or (2) not treated as a division for tax purposes of another taxpayer, and pay any taxes so required to be paid under applicable law; 

(xi) Except as contemplated by the Transaction Documents, not commingle its assets with assets of any other Person; 

(xii) Conduct its business in its own name; 

(xiii) Maintain separate financial statements, prepared in accordance with applicable generally accepted accounting principles,
showing its assets and liabilities separate and apart from those of any other Person and not have its assets listed on any financial statement of any other Person other than as a consequence of the application of consolidation rules in accordance
with generally accepted accounting principles; 
 (xiv) Pay its own liabilities and expenses only out of its own funds; 

(xv) Maintain an arm’s length relationship with unaffiliated parties, and not enter into any transaction with an Affiliate
of the Depositor except on commercially reasonable terms similar to those available to unaffiliated parties in an arm’s length transaction; 

(xvi) Pay the salaries of its own employees, if any, only out of its own funds; 

(xvii) Not hold out its credit or assets as being available to satisfy the obligations of any other Person nor pledge its
assets for the benefit of any other Person nor make any intercompany loans to any Affiliate of the Depositor or accept any intercompany loans from any Affiliate of the Depositor except as permitted by the Transaction Documents; 

  
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 (xviii) Clearly identify its offices, if any, as its offices and, to the extent
that the Depositor and its Affiliates have offices in the same location, allocate fairly and reasonably any overhead expenses that are shared with such Affiliates, including services performed by an employee of such Affiliates; 

(xix) Ensure that it shall at all times have at least one Independent Manager and at least one officer; 

(xx) Use separate stationery, invoices and checks bearing its own name; Not guarantee any obligation of any Affiliate; 

(xxi) Not engage, directly or indirectly, in any business other than that required or permitted to be performed under the
Depositor LLC Agreement, the Transaction Documents or this Section 2.07(f); 
 (xxii) Not allow any borrowings or
granting of a security interest or other transfer of assets between the Depositor and any other Person unless such action is permitted under the Transaction Documents and there is a business purpose for the Depositor and the borrowing or granting of
a security interest in or other transfer of assets was not and will not be intended to impair the rights or interests of creditors and was made in exchange for reasonably equivalent value and fair consideration and has been and will be appropriately
documented and recorded in its records; 
 (xxiii) Will not make or permit to remain outstanding any loan or advance to, or
own or acquire any stock or securities of, any Person, except that the Depositor may invest in those investments permitted under the Transaction Documents and may make any advance required or expressly permitted to be made pursuant to any provisions
of the Transaction Documents and permit the same to remain outstanding in accordance with such provisions; 
 (xxiv) Not
form, acquire or hold any subsidiary (whether corporate, partnership, limited liability company or other) or own any equity interest in any other entity except as expressly permitted under the Transaction Documents; or 

(xxv) Not, to the fullest extent permitted by law, engage in any dissolution, liquidation, consolidation, merger, sale or other
transfer of any of its assets outside the ordinary course of the Company’s business. 
 (g) Amendments to Loan
Purchase Agreement. Each of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor further covenant that neither shall enter into, or consent to, any amendments, modifications, waivers or supplements to, or terminations
of, the Loan Purchase Agreement or enter into a new Loan Purchase Agreement, without the prior written consent of the Issuer. 

(h) Enforcement of Loan Purchase Agreement. Each of the Depositor and the Depositor Loan Trustee for the benefit of the
Depositor shall take all steps, as directed by the Issuer (or the Indenture Trustee at the direction of the Required Noteholders), to 

  
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enforce its rights (and the rights of the Issuer and the Indenture Trustee as assignees of the Depositor) against any Seller with respect to any matter arising under the Loan Purchase Agreement.

 (i) Taxes. The Depositor shall pay out of its own funds, without reimbursement, the costs and expenses relating to
any stamp, documentary, excise, property (whether on real, personal or intangible property) or any similar tax levied on the Issuer or the Issuer’s assets that are not expressly stated in this Agreement to be payable by the Issuer (other than
federal, state, local and foreign income and franchise taxes, if any, or any interest or penalties with respect thereto, assessed on the Issuer). 

(j) Bankruptcy Limitations. The Depositor shall not, without the affirmative vote of each of the managers of the
Depositor (which must include the affirmative vote of at least one duly appointed Independent Manager as defined in the Depositor LLC Agreement) (A) dissolve or liquidate, in whole or in part, or institute proceedings to be adjudicated bankrupt
or insolvent, (B) consent to the institution of bankruptcy or insolvency proceedings against it, (C) file a petition seeking or consent to reorganization or relief under any applicable federal or state law relating to bankruptcy,
(D) consent to the appointment of a receiver, liquidator, assignee, trustee, sequestrator (or other similar official) of the Depositor or a substantial part of its property, (E) make a general assignment for the benefit of creditors,
(F) admit in writing its inability to pay its debts generally as they become due, or (G) take any entity action in furtherance of the actions set forth in clauses (A) through (F) above; provided, however, that no
manager may be required by any member of the Depositor to consent to the institution of bankruptcy or insolvency proceedings against the Depositor so long as it is solvent. 

Section 2.08. Addition of Loans. (a) The Depositor on behalf of itself and the Depositor Loan Trustee, with the consent of
the Issuer (which it may provide or withhold in its sole discretion), may designate from time to time Additional Loans to be sold to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to this Agreement. Sales of Additional
Loans (other than Renewal Loans with respect to Renewal Loan Replacements) to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer shall only occur and be effective on the applicable Addition Date and shall be evidenced by the
Seller’s marking of its computer records as specified in Section 2.01(d) herein immediately prior to the start of business on such Addition Date. As soon as practicable, but in any event no later than the Document Delivery Date immediately
following such Addition Date, each Seller shall deliver an Additional Loan Assignment as provided in Section 2.08(b)(iii). 
 (b) In
connection with the conveyance of any Additional Loans to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer as described in Section 2.08(a), the obligation of the Issuer to pay the Purchase Price for such Additional Loans on
the related Payment Date is subject to the following conditions: 
 (i) on or before the applicable Addition Date, the
Depositor on behalf of itself and the Depositor Loan Trustee shall give the Issuer and the Issuer Loan Trustee written notice (unless such notice requirement is otherwise waived) specifying, with respect to the applicable Addition Date, the expected
number of 

  
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Additional Loans (other than Renewal Loans with respect to a Renewal Loan Replacement) sold and the expected aggregate Principal Balances outstanding of such Additional Loans (other than Renewal
Loans with respect to Renewal Loan Replacements); provided, that no such notice shall be required with respect to any Renewal of a Loan with respect to Renewal Loan Replacements or conveyances related thereto; 

(ii) in the event that an Addition Date occurs on a Loan Action Date, the Depositor on behalf of itself and the Depositor Loan
Trustee shall deliver to the Issuer and the Issuer Loan Trustee an Officer’s Certificate, dated as of the Monthly Determination Date immediately following such Loan Action Date, and certifying that (x) as of the applicable Additional
Cut-Off Date, the Additional Loans conveyed on such Addition Date were all Eligible Loans and (y) each of the conditions set forth in this Section 2.08(b) have been satisfied with respect to the addition of each such Additional Loan;
provided, however, that in the case of a Renewal of a Loan with respect to a Renewal Loan Replacement or conveyance related thereto, the Depositor on behalf of itself and the Depositor Loan Trustee shall be deemed to have provided such
certifications upon the Renewal without any further action; and 
 (iii) on each Document Delivery Date, the Depositor on
behalf of itself and the Depositor Loan Trustee shall deliver to the Issuer and the Issuer Loan Trustee an Additional Loan Assignment and an Additional Loan Assignment Schedule further identifying (i) each Additional Loan being sold on the
Addition Date occurring on the related Loan Action Date and (ii) each Renewal Loan with respect to a Renewal Loan Replacement effected during the immediately preceding Collection Period. 

(c) Upon the conveyance of each Additional Loan to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, the Depositor hereby
represents that: 
 (i) as of the applicable Addition Date, no Insolvency Event with respect to the Depositor shall have
occurred nor shall the transfer of the Loans conveyed by the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer have been made in contemplation of the occurrence thereof; effect; 

(ii) as of the applicable Addition Date, the Revolving Period was then in effect. 

(iii) as of the applicable Addition Date, the Depositor reasonably believed that the transfer of the Additional Loans to the
Issuer and the Issuer Loan Trustee for the benefit of the Issuer would not result in an Adverse Effect; 
 (iv) other than in
respect of any Renewal Loan conveyed to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer in connection with a Renewal Loan Replacement, as of the applicable Addition Date, the Depositor 

  
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shall not have used selection procedures reasonably believed by the Depositor to be materially adverse to the interests of the Issuer, the Issuer Loan Trustee or any Class of Noteholders in
selecting such Additional Loans; and 
 (v) in connection with any such acquisition, the terms of the Indenture (including,
without limitation, Section 8.07 thereof) are complied with in all material respects. 
 (d) The Depositor, each Subservicer, the
Servicer, the Issuer and the Issuer Loan Trustee hereby confirm and agree, and represent and warrant, that each Renewal Loan constitutes “proceeds” (within the meaning of Section 9-102(a)(64) of the New York UCC) of the Loan subjected
to a Renewal. The Issuer does hereby authorize the Servicer and Subservicers to effect Renewals of Loans in the Trust Estate as provided herein and in the Loan Purchase Agreement. During the Revolving Period, so long as the Seller with respect to
any Loan is also the Subservicer (or, in the event that there is no Subservicer with respect to such Loan, the Servicer) the Depositor hereby agrees to, and immediately upon any Renewal Loan Replacement being effected and without further action
hereby sells, transfers, assigns, sets-over and otherwise conveys, automatically and without further action, all of its rights as described in Section 2.01 above to each such Renewal Loan (to the extent not previously conveyed) to the Issuer
and, solely with respect to legal title of such Renewal Loan, the Issuer Loan Trustee for the benefit of the Issuer. Immediately upon such Renewal Loan Replacement being effected, the Depositor shall mark its electronic records with respect to the
related Renewal Loan with the designation required by Section 2.01(d). Such assignment shall be effective as of the date such Renewal Loan Replacement is effected, which date shall also be the Addition Date with respect thereto. In connection
with each Renewal described in this Section 2.08(c), the Depositor hereby agrees that within two (2) Business Days of such Renewal, the Depositor shall deliver to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer an
electronic file of all such Renewal Loans effected on such day and identifying (i) with respect to each Renewal Loan, such Loan’s (A) loan number, (B) branch code, (C) Loan origination date, (D) unique loan identifier,
(E) Loan Principal Balance as of the applicable Cut-Off Date and (F) the Seller and Subservicer or Servicer with respect to such Loan, as applicable and (ii) with respect to the related Terminated Loan, such Terminated Loan’s
(A) loan number, (B) branch code, (C) unique loan identifier, and (D) the Seller and Subservicer or Servicer with respect to such Loan, as applicable. 

(e) Representations and Warranties. The Depositor hereby represents and warrants to the Issuer and the Issuer Loan Trustee for the
benefit of the Issuer that, in the case of Additional Loans, the Additional Loan Assignment Schedule, to the extent required to be delivered, is, with respect to each Additional Loan, as of the applicable Additional Cut-Off Date with respect to each
such Additional Loan, true and complete in all material respects. 
 Section 2.09. Optional Purchase. (a) On any Payment
Date occurring on or after the date on which the Aggregate Note Principal Balance of the Outstanding Notes is reduced to 10% or less of the Initial Note Principal Balance, the Servicer shall have the option to purchase all of the Sold Assets at a
purchase price equal to the Redemption Price in accordance with Section 8.08(a) of the Indenture. If the Servicer elects to exercise such option, it shall comply with all applicable conditions set forth in Section 8.08 of the Indenture.
Upon proper 

  
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exercise of such option and payment of the Redemption Price, all of the Sold Assets to be sold in such optional purchase shall be sold to the Servicer. The proceeds of any such optional purchase
shall be applied to the Notes in accordance with the provisions for the redemption of such Notes on such date as set forth in the Indenture. 

(b) On any day occurring on or after the Payment Date on which the Issuer redeems the Notes in accordance with Section 8.08(b) of the
Indenture, the Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall have the option to purchase all of the Sold Assets at a purchase price equal to the Redemption Price for such Sold Assets. If the Depositor and the
Depositor Loan Trustee elect to exercise such option, the Depositor shall, no later than one (1) Business Day prior to the proposed Payment Date identified by the Issuer pursuant to Section 8.08(c) of the Indenture, pay to or at the
direction of the Issuer in immediately available funds, the Redemption Price. Upon proper exercise of such option and payment of the Redemption Price, all of the Sold Assets to be sold in such optional purchase shall be sold to the Depositor. 

Section 2.10. Optional Reassignment of Loans. (a) Subject to Section 8.05 and 8.07 of the Indenture, at the start of
business on any Loan Action Date occurring during the Revolving Period, the Depositor on behalf of itself and the Depositor Loan Trustee, at its sole option, may require reassignment from each of the Issuer and the Issuer Loan Trustee for the
benefit of the Issuer, respectively, of their interests in Loans that were not Charged-Off Loans or Delinquent Loans, in each case, as of the end of the immediately preceding Collection Period by selecting such Loans in a manner that the Depositor
reasonably believes is not materially adverse to the interests of any Class of Noteholders and such Loans shall be reassigned to each of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor for the Reassignment Price
applicable to such Loans, such Reassignment Price to be paid (i) for so long as the Depositor is the holder of the Trust Certificate, and at the Depositor’s option, by an adjustment to the value of the Trust Certificate, if such adjustment
is available or (ii) otherwise, in immediately available funds to the Servicer (to be deposited in the Principal Distribution Account) in the manner prescribed in Section 2.10(b); provided, that this optional reassignment is
exercisable only to the extent that, no Reinvestment Criteria Event is outstanding and the reassignment of such Loans shall constitute a Permitted Depositor Reassignment, in either case, after giving effect to (i) the reassignment of such Loans
to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor, (ii) the payment of the Reassignment Price as described above, and (iii) all Loan Actions with respect to such Loan Action Date. No such reassignment may
cause the Issuer to breach or otherwise violate any provision of the Indenture. 
 (b) To reassign Loans, the Depositor (or the Servicer on
its behalf) shall take the following actions and make the following determinations: 
 (i) on or before the second Business
Day immediately preceding the related Loan Action Date, furnish to the Issuer, the Issuer Loan Trustee, the Indenture Trustee and each Rating Agency a written notice specifying (A) the Loans which are expected to be reassigned from the Issuer
and the Issuer Loan Trustee for the benefit of the Issuer to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor and (B) the Document Delivery Date on which such reassignment of such Loans is to occur (in each case,
the “Reassignment Date”); and 
 (ii) represent and warrant that the list of Loans delivered in connection
with the execution and delivery of the Loan Reassignment as provided below, as of the Reassignment Date, is true and complete in all material respects. 

  
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 In addition, it is understood and agreed that the Depositor’s payment of the Reassignment
Price as described in Section 2.10(a) above (including, in the case of clause (a)(ii), the Servicer’s deposit of immediately available funds into the Principal Distribution Account) is a precondition to any reassignment pursuant to this
Section 2.10. As soon as practicable, but in any event no later than the fifth Business Day following the Reassignment Date, the Issuer shall deliver to each of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor a
Loan Reassignment in substantially the form of Exhibit C along with a computer file or microfiche or written list (which may be in electronic form, acceptable to the Depositor) containing a true and complete list of loans which are being reassigned,
specifying for each Loan, as of the Reassignment Date, its loan number, Loan Principal Balance and the related Seller and Subservicer, or Servicer, as applicable, together with any appropriate UCC releases or termination statements prepared and
filed on behalf of the Issuer. 
 Section 2.11. Terminated Loan Price Deposits. In connection with any Renewal that is effected
on a date that is not within the Revolving Period, on the day on which the Seller pays the Terminated Loan Price in immediately available funds to the Servicer pursuant to Section 5.01(h) of the Loan Purchase Agreement, for deposit into the
Principal Distribution Account, the Servicer shall deposit such amounts in immediately available funds into the Principal Distribution Account on such date. 

Section 2.12. Issuer Loan Exclusions. Subject to the conditions specified in, and in accordance with, Section 8.07 of the
Indenture and the further conditions specified in this Section 2.12, on any Loan Action Date during the Revolving Period, the Depositor may require the Issuer, together with the Issuer Loan Trustee for the benefit of the Issuer, to designate
one or more Loans included in the Sold Assets as an Excluded Loan or cause one or more Loans included in the Sold Assets to cease to be designated as an Excluded Loan. For the avoidance of doubt, until such time as an Excluded Loan ceases to be so
designated, it shall not be included in the Loan Action Date Loan Pool on any Loan Action Date (including the Loan Action Date on which it is designated as an Excluded Loan, but excluding the Loan Action Date on which it is de-designated as such) or
taken into account for purposes of determining whether or not a Reinvestment Criteria Event has occurred as of the end of the Collection Period preceding any such Loan Action Date, but it shall otherwise continue to constitute a Sold Asset and all
Collections in respect thereof during any Collection Period shall constitute Available Funds on the corresponding Payment Date. The designation of a Loan as an Excluded Loan shall be effected by the delivery by the Depositor (or the Servicer on its
behalf) to the Issuer, the Issuer Loan Trustee and the Indenture Trustee on or before the applicable Loan Action Date of a report identifying each such expected Loan (by loan number and applicable Seller and Subservicer) as an Excluded Loan. The
Excluded Loans outstanding from time to time shall be identified as such on each Loan Schedule delivered from time to time on each Monthly Determination Date. On any Loan Action Date during the Revolving Period, an Excluded Loan may be de-designated

  
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as such by the delivery by the Depositor (or the Servicer on its behalf) to the Issuer, the Issuer Loan Trustee and the Indenture Trustee on or before the applicable Loan Action Date of a report
identifying each such expected Loan (by loan number and applicable Seller and Subservicer) as ceasing to be designated as an Excluded Loan. No Excluded Loan may be de-designated as such on any Loan Action Date unless such Loan would constitute an
Eligible Loan as of the close of business on the last day of the Collection Period immediately preceding such Loan Action Date if such last day were deemed to be such Loan’s Cut-Off Date. 

Section 2.13. Investment Company Act Restriction. Notwithstanding anything to the contrary in this Agreement, the Depositor and
the Issuer hereby acknowledge and agree that neither the Depositor nor the Issuer shall, and neither shall be required to, acquire any additional Loans or related assets, or purchase, repurchase, reassign or otherwise dispose of any Loans or related
assets pursuant to this Agreement, for the primary purpose of recognizing gains or decreasing losses for the Depositor or the Issuer as a result of market value changes. 

ARTICLE III 

ADMINISTRATION AND SERVICING OF LOANS 

Section 3.01. Acceptance of Appointment and Other Matters Relating to the Servicer. (a) The Issuer and the Issuer Loan
Trustee for the benefit of the Issuer authorizes OneMain Financial to act as initial Servicer (but without transfer to OneMain Financial of each of the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s right to service
the Loans) and OneMain Financial agrees to act as the initial Servicer. 
 (b) The Servicer shall service and administer the Loans, shall
collect and deposit into the Collection Account or other applicable Note Account amounts received under the Loans, shall charge off Loans deemed to be uncollectible and shall extend, amend or otherwise modify Loans, all in accordance with its
customary and usual servicing procedures for servicing consumer loans comparable to the Loans and in accordance with the Credit and Collection Policy and all applicable Requirements of Law. The Servicer shall have full power and authority, acting
alone or through any party properly designated by it hereunder, including the Subservicers, to do any and all things in connection with such servicing and administration which it may deem necessary or desirable. Without limiting the generality of
the foregoing and subject to Section 8.01, the Servicer or its designee is hereby authorized and empowered, unless such power is revoked by the Indenture Trustee on account of the occurrence of a Servicer Default pursuant to Section 8.01,
(i) to make withdrawals or to instruct the Indenture Trustee to make withdrawals from any Note Account permitted by the terms of this Agreement or the Indenture and (ii) to execute and deliver, on behalf of the Issuer and the Issuer Loan
Trustee for the benefit of the Issuer, any and all instruments of satisfaction or cancellation, or of partial or full release or discharge, to effect, on behalf of the Issuer and the Issuer Loan Trustee, Renewals with respect to Loans in accordance
with the requirements of this Agreement and the Loan Purchase Agreement and to execute and deliver all other comparable instruments, with respect to the Loans and, after the delinquency of any Loan and to the extent permitted under and in compliance
with applicable Requirements of Law, to commence collection proceedings with respect to such Loans. The Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee shall furnish the Servicer with any documents reasonably
requested by the 

  
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Servicer or otherwise necessary to enable the Servicer to carry out its servicing and administrative duties hereunder; provided, however, that none of the Owner Trustee, the Issuer
Loan Trustee for the benefit of the Issuer or the Indenture Trustee shall be liable for any negligence with respect to, or misuse of, any such documents by the Servicer or any of its agents and the Servicer shall hold the Owner Trustee and the
Indenture Trustee harmless against any losses, claims, damages, fines or penalties of any nature incurred in connection therewith. 
 (c)
The Servicer shall pay out of its own funds, without reimbursement (except as provided in Section 3.02 hereof), all expenses incurred in connection with the servicing activities hereunder including expenses related to enforcement of the Loans.

 (d) The Servicer shall not be required to use separate servicing operations, offices, employees or accounts for servicing the Loans from
the operations, offices, employees and accounts used by the Servicer in connection with servicing other consumer loans. 
 (e) The Servicer
shall: (i) not amend any related Loan Agreement other than on a per customer basis in accordance with the Credit and Collection Policy; (ii) comply, in all material respects, with the terms and conditions of the related Loan Agreements;
and (iii) promptly inform the Issuer, and the Depositor of any material billing errors, claims, disputes or litigation with respect to the related Loans. 

Section 3.02. Servicing Compensation. As full compensation for its servicing activities hereunder and as reimbursement for its
expenses as set forth in the immediately following paragraph, the Servicer shall be entitled to receive the Servicing Fee payable in arrears on each Payment Date on or prior to the termination of the Issuer pursuant to the terms of the Trust
Agreement. The “Servicing Fee” for any Payment Date, other than the initial Payment Date, shall be an amount equal to the product of (i) 4.64%, multiplied by (ii) the aggregate Loan Principal Balance as of the first day of the
related Collection Period, multiplied by (iii) one-twelfth. The Servicing Fee for the initial Payment Date shall be an amount equal to the product of (i) 4.64%, multiplied by (ii) the aggregate Loan Principal Balance as of the Initial
Cut-Off Date, multiplied by (iii) a fraction having as its numerator the number of days from the Closing Date through the end of the related Collection Period, and as its denominator, 360. The Servicing Fee shall be payable to the Servicer
solely to the extent that amounts are available for payment in accordance with the terms of the Indenture. 
 The Servicer’s fees,
costs and expenses include the reasonable fees and disbursements of attorneys, independent accountants and all other fees, costs and expenses incurred by the Servicer in connection with its activities hereunder, including, without limitation, any
fees payable to any Subservicer or any other Person performing any of the Servicer’s duties and obligations hereunder. The Servicer shall be required to pay such fees, costs and expenses for its own account and shall not be entitled to any
payment or reimbursement therefor or to any fee or other payment from, or claim on, any of the assets in the Trust Estate (other than the Servicing Fee). Notwithstanding the foregoing, no Successor Servicer will be responsible to pay the fees and
expenses of the Issuer or the Issuer Loan Trustee for the benefit of the Issuer. 
 The Issuer and the Servicer acknowledge and agree that
(i) the servicing arrangements provided for in this Agreement, including the Servicing Fee, are on terms 

  
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consistent with those arrived at as a result of arm’s length negotiations and that they are typical of servicing arrangements made for servicing assets such as the Loans, (ii) the
Servicing Fee is expected to more than cover the anticipated costs associated with the performance by the Servicer of its obligations hereunder with respect to the Loans and other Sold Assets, and constitutes fair consideration and reasonable
compensation to the Servicer for the performance of such obligations, and (iii) an unaffiliated third party having the requisite experience servicing assets such as the Loans would be willing to assume the servicing obligations hereunder for
compensation commensurate with the Servicing Fee. 
 Section 3.03. Representations, Warranties and Covenants of the Servicer and
each Subservicer. The Servicer, each Subservicer and any Successor Servicer by its appointment hereunder hereby makes, with respect to itself only, on the Closing Date (or on the date of the appointment of such Successor Servicer) and shall make
on each Addition Date, the following representations, warranties and covenants on which the Issuer and the Issuer Loan Trustee for the benefit of the Issuer shall be deemed to rely in accepting its interest in the Loans and the Indenture Trustee
shall be deemed to have relied in accepting the grant of a security interest in the Loans and in entering into the Indenture: 

(a) Organization. It is an organization validly existing and in good standing under the laws of, and is duly qualified
to do business in, the jurisdiction of its incorporation or organization and has, in all material respects, full power and authority to own its properties and conduct its consumer loan business as presently owned or conducted, and to execute,
deliver and perform its obligations under this Agreement and each other Transaction Document to which it is a party. 
 (b)
Due Qualification. It is in good standing and duly qualified to do business (or is exempt from such requirements) and has obtained all necessary licenses and approvals (in the case of the Servicer, whether directly or indirectly through the
Subservicer in the applicable jurisdiction) in each jurisdiction in which it is performing the primary servicing function for any of the Loans under this Agreement, except where the failure to so qualify or obtain licenses or approvals would not
have an Adverse Effect. 
 (c) Due Authorization. The execution, delivery, and performance by it of this Agreement and
the other agreements and instruments executed and delivered by it as contemplated hereby, have been duly authorized by all necessary action on the part of such party. 

(d) Binding Obligation. This Agreement and each other Transaction Document to which it is a party constitutes a legal,
valid and binding obligation of such party, enforceable in accordance with its terms, except as such enforceability may be limited by applicable Debtor Relief Laws or by general principles of equity (whether considered in a proceeding at law or in
equity). 
 (e) No Conflict. The execution and delivery of this Agreement and each Transaction Document to which it is
a party by it, and the performance by it of the transactions contemplated by this Agreement and the fulfillment by it of the terms hereof and thereof applicable to such party, will not conflict with, violate or result in any breach

  
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of any of the terms and provisions of, or constitute (with or without notice or lapse of time or both) a default under, any material indenture, contract, agreement, mortgage, deed of trust or
other instrument to which it is a party or by which it or its properties are bound. 
 (f) No Violation. The execution
and delivery by it of this Agreement and each other Transaction Document to which it is a party, the performance by it of the transactions contemplated by this Agreement and each other Transaction Document to which it is a party and the fulfillment
by it of the terms hereof and thereof applicable to such party will not conflict with or violate any Requirements of Law applicable to such party. 

(g) No Proceedings. There are no Proceedings or investigations pending against it before any Governmental Authority or,
to the best of its knowledge, threatened, seeking to prevent the consummation of any of the transactions contemplated by this Agreement or seeking any determination or ruling that, in the reasonable judgment of such party, would materially and
adversely affect the performance by it of its obligations under this Agreement and the other Transaction Documents to which it is a party. 

(h) Compliance with Requirements of Law; Credit and Collection Policy. It shall (i) duly satisfy all obligations on
its part to be fulfilled hereunder or in connection with each Loan and will maintain in effect all qualifications required under Requirements of Law in order to service properly each Loan; and (ii) comply in all material respects with the
Credit and Collection Policy and all other Requirements of Law in connection with servicing each Loan the failure to comply with which would have an Adverse Effect. 

(i) No Modification, Rescission or Cancellation. It shall not permit any amendment, waiver, modification, rescission or
cancellation of any Loan, except in accordance with the Credit and Collection Policy, as required by Requirements of Law or as ordered by a court of competent jurisdiction or other Governmental Authority. 

(j) Protection of Rights. It shall take no action which, nor omit to take any action the omission of which, would
impair, in any material respect, the rights of the Issuer or the Indenture Trustee in any Loan, nor shall it reschedule, revise or defer payments due on any Loan except in accordance with the Credit and Collection Policy or as required by
Requirements of Law. 
 (k) Credit and Collection Policy. It shall not, and shall not permit any Subservicer to,
amend, modify, waive or supplement (i) the Credit and Collection Policy in any manner that could reasonably be expected to result in an Adverse Effect, or (ii) the OneMain Custom Credit Model or the Adjustment of Terms portions of the
Credit and Collection Policy in any manner that could reasonably be expected to adversely effect Noteholders except, in each case, as required by Requirements of Law or as ordered by a court of competent jurisdiction or other Governmental Authority.

  
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 (l) Further Assurances. It shall do and perform, from time to time, such
acts as are within its power and authority as the Servicer or a Subservicer, as applicable, to maintain the perfection and priority of the security interests in the Loans granted hereunder and under the Loan Purchase Agreement. 

(m) Electronic Chattel Paper. With respect to each Loan Agreement that constitutes “electronic chattel paper”
(within the meaning of the UCC), the Servicer shall provide a written acknowledgment to the Indenture Trustee that either (a) the Servicer (in its capacity as custodian) is holding the authoritative copy of such Loan Agreement solely on behalf
and for the benefit of the Indenture Trustee, as pledgee of the Issuer, or (b) the Servicer is acting solely as agent of the Indenture Trustee, as pledgee of the Issuer. 

In the event any representation, warranty or covenant of the Servicer or any Subservicer contained in paragraphs (h), (i) or (j) of
this Section 3.03 with respect to any Loan is breached (the “Applicable Representations”), which breach materially adversely affects the interests of the Noteholders in such Loan, and is not cured within sixty (60) days
from the first date on which the Servicer or the breaching Subservicer either (y) is notified by the Issuer, the Indenture Trustee, the Servicer (with respect to any Subservicer) or the Depositor of, or (z) discovered such breach, then any
Loan or Loans to which such event relates shall be assigned and transferred to the Servicer on the terms and conditions set forth below. 

The Servicer shall effect such assignment by making a deposit into the Collection Account or other applicable Note Account in immediately
available funds not later than the Payment Date immediately following the Collection Period in which such sixty-day period expired in an amount equal to the Repurchase Price of the affected Loans as of such date. The obligation of the Servicer to
accept reassignment or assignment of such Loans, and to make the deposits, if any, required to be made to the Collection Account or other applicable Note Account as provided in the preceding paragraph, shall constitute the sole remedy available to
the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Depositor, the Depositor Loan Trustee for the benefit of the Depositor, the Noteholders or the Indenture Trustee with respect to a breach of such Applicable Representations,
except as provided in Section 6.04. 
 In the event that the Servicer fails to deliver to the Custodian for safekeeping pursuant to the
Custodian Agreement an aggregate Loan Principal Balance of original physical Loan Notes in the Loan Pool equal to at least 100% of the aggregate Loan Principal Balance of the Statistical Pool Loans as of the Initial Cut-Off Date by the Post-Closing
Delivery Date, without any action by the Indenture Trustee or the Noteholders, the Servicer shall pay the applicable Repurchase Price within five (5) calendar days after the Post-Closing Delivery Date for Initial Loans which as of the
Post-Closing Delivery Date were not delivered to the Custodian for safekeeping pursuant to the Custodian Agreement with an aggregate Loan Principal Balance in excess of an amount equal to (i) the aggregate Loan Principal Balance of the
Statistical Pool Loans as of the Initial Cut-Off Date less (ii) the aggregate Loan Principal Balance of physical Loan Notes in the Loan Pool held by the Custodian as of the Post-Closing Delivery Date (“Physical Loan Delivery
Deficiency”). Servicer shall effect such purchase by making a deposit into the Collection Account in immediately available funds in an amount equal to the Repurchase Price of such Loans to be purchased as of such date. 

  
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 Upon each such assignment to or purchase by the Servicer, the Issuer and the Issuer Loan Trustee,
for the benefit of the Issuer, shall automatically and without further action sell, transfer, assign, set-over and otherwise convey to the Servicer, without recourse, representation or warranty, all right, title and interest of the Issuer and the
Issuer Loan Trustee, for the benefit of the Issuer, in and to such Loans, all monies due or to become due and all amounts received or receivable with respect thereto and all proceeds thereof. The Issuer and the Issuer Loan Trustee, for the benefit
of the Issuer, shall execute such documents and instruments of transfer or assignment and take such other actions as shall be reasonably requested by the Servicer to effect the conveyance of any such Loans pursuant to this Section 3.03 but only
upon receipt of an Officer’s Certificate of the Servicer that states that all conditions set forth in this Section have been satisfied. 

Section 3.04. Adjustments. If (i) the Servicer or any Subservicer makes a deposit into the Collection Account or other
applicable Note Account in respect of a Collection of a Loan and such Collection was received by the Servicer or such Subservicer in the form of a check or other payment which is not honored or is reversed for any reason or (ii) the Servicer or
any Subservicer makes a mistake with respect to the amount of any Collection and deposits an amount that is less than or more than the actual amount of such Collection, the Servicer or such Subservicer shall appropriately adjust the amount
subsequently deposited into the Collection Account or other applicable Note Account to reflect such dishonored or reversed payment or mistake. Any such adjustment shall be reflected in the records of the Servicer or the applicable Subservicer with
respect to such Loan. 
 Section 3.05. Back-up Servicing Agreement. (a) The Servicer shall comply with its obligations
under the Back-up Servicing Agreement and the other Transaction Documents to which it is a party (in its capacity as Servicer). 
 (b) Each
Subservicer hereby agrees that it shall cooperate with the Servicer in the performance of the Servicer’s duties under the Back-up Servicing Agreement, during any Servicing Centralization Period and any Servicing Transition Period. 

Section 3.06. Monthly Servicer Report. Not later than the second Business Day preceding each monthly Payment Date, the Servicer
shall deliver to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, each Rating Agency, the Back-up Servicer, the Owner Trustee and the Indenture Trustee the Monthly Servicer Report, in substantially the form set forth in the
Indenture. 
 Section 3.07. Annual Compliance Certificate. The Servicer shall deliver to the Issuer, the Issuer Loan Trustee for
the benefit of the Issuer, each Rating Agency and the Indenture Trustee on or before June 30 of each calendar year, beginning with June 30, 2015, an Officer’s Certificate substantially in the form of Exhibit B hereto, together with an
agreed upon procedures letter delivered by a firm of nationally recognized independent public accountants (who may also render other services to the Servicer or the Sellers) with respect to the Servicer’s activities under the Transaction
Documents. 
 Section 3.08. Copies of Reports Available. A copy of each Monthly Servicer Report and Officer’s Certificate
(but not letters or reports from the independent public accountants) provided pursuant to Section 3.06 or 3.07 will be made available by the Indenture Trustee to the Noteholders via its website at www.ctslink.com. 

  
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 Section 3.09. Notices To OneMain Financial. In the event that OneMain Financial is no
longer acting as Servicer, any Successor Servicer shall deliver to OneMain Financial each Monthly Servicer Report, Officer’s Certificate and report required to be provided thereafter pursuant to Section 3.06, 3.07 or 3.08. 

Section 3.10. Subservicing. (a) Each Subservicer shall be responsible for the servicing and administration of the Loans for
which such Subservicer is designated as the Subservicer on the Loan Schedule; provided, however, that the Servicer may redesignate the Subservicers for particular Loans from time to time; provided, further, that any such
redesignation will comply with licensing regulations applicable to such Subservicers. Each Subservicer shall service and administer the related Loans in accordance with the provisions of Section 3.01. As part of its servicing activities
hereunder, the Servicer shall enforce the obligations of each Subservicer under this Agreement. Such enforcement, including, without limitation, the legal prosecution of claims, termination of Subservicers, and the pursuit of other appropriate
remedies, shall be in such form and carried out to such an extent and at such time as the Servicer, in its good faith business judgment, would require were it the owner of the related Loans. The Servicer shall pay the costs of such enforcement at
its own expense. 
 (b) The Servicer shall be entitled to terminate the subservicing of the Loans by any Subservicer under this Agreement at
any time in its sole discretion. In the event of termination of any Subservicer, the Servicer shall either (A) directly service the related Loans, but only to the extent the Servicer has the regulatory authorizations to do so, or
(B) appoint another duly licensed Subservicer to service and administer such Loans and, in either case, such entity shall assume all such servicing obligations immediately upon such termination. Notwithstanding anything else to the contrary
contained herein, all rights and obligations of the Subservicers under this Agreement shall terminate upon the occurrence of a Servicing Transfer Date; provided, however, that any Subservicer may be engaged by any Successor Servicer,
including the Back-up Servicer, on terms reasonably satisfactory to such Subservicer, to provide servicing and administration of the Loans subject to the direction of such Successor Servicer (including the Back-up Servicer), and each Subservicer
agrees to cooperate with any Successor Servicer (including the Back-up Servicer) in efforts to arrange any such engagement. 
 (c) Each
Subservicer shall make available to the Servicer sufficient information relating to the subservicing of Loans under this Agreement so as to enable the Servicer to prepare and deliver the Monthly Servicer Report and Officer’s Certificate
required by Sections 3.06 and 3.07 of this Agreement. Each Subservicer will provide or cause to be provided to the independent service provider selected by the Servicer to furnish any report required by Section 3.07 of this Agreement sufficient
information relating to the subservicing of Loans under this Agreement, or reasonable access to the premises of such Subservicer, as reasonably required by such independent service provider to furnish such report required by Section 3.07 of
this Agreement. 
 (d) Each Subservicer shall be entitled to compensation for its services as a Subservicer under this Agreement by the
Servicer as agreed to by the Servicer and such Subservicer, and no Subservicer will be entitled to any fee or other payment from, or claim on, any of the assets in the Trust Estate. 

  
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 (e) Notwithstanding the appointment of the Subservicers for any such servicing and administration
of the related Loans or any other purpose hereunder, the Servicer shall remain obligated and solely liable to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Indenture Trustee and the Noteholders for the servicing and
administering of the Loans in accordance with the provisions of Section 3.01 without diminution of such obligation or liability by virtue of such subservicing arrangement to the same extent and under the same terms and conditions as if the
Servicer alone were servicing and administering the Loans. 
 Section 3.11. Custody of Receivable Files. 

(a) Custody. To assure uniform quality in servicing the Loans and to reduce administrative costs, the Issuer, the Issuer Loan Trustee
for the benefit of the Issuer and the Indenture Trustee, upon the execution and delivery of this Agreement, hereby revocably appoint the Servicer, and the Servicer hereby accepts such appointment, to act as the agent of the Issuer, the Issuer Loan
Trustee for the benefit of the Issuer and the Indenture Trustee as custodian of the Loan Agreements other than the original physical Loan Notes held by the Custodian pursuant to the Custodian Agreement. 

(b) Safekeeping. The Servicer, in its capacity as custodian, shall hold the Loan Agreements (other than the original physical Loan
Notes held by the Custodian pursuant to the Custodian Agreement) for the benefit of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee, as pledgee of the Issuer. In performing its duties as custodian, the
Servicer shall act in accordance with its customary servicing practices. The Servicer will promptly report to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee any failure on its part to hold a material
portion of the Loan Agreements and maintain its account, records, and computer systems as herein provided or promptly take appropriate action to remedy any such failure. Nothing herein will be deemed to require an initial review or any periodic
review by the Issuer or the Indenture Trustee of the Loan Agreements. The Servicer may, in accordance with its customary servicing practices, maintain all or a portion of a Loan Agreement in electronic form and/or maintain custody of all or any
portion of a Loan Agreement with one or more Persons to whom the Servicer has delegated responsibilities in accordance with Section 6.07. The Servicer will maintain each Loan Agreement in the United States (it being understood that the Loan
Agreements, or any part thereof, may be maintained at the offices of any Person to whom the Servicer has delegated responsibilities in accordance with Section 6.07). The Servicer will make available to the Issuer and the Indenture Trustee or
their duly authorized representatives, attorneys or auditors a list of locations of the Loan Agreements upon request. 
 (c) Effective
Period and Termination. The Servicer’s appointment as custodian will become effective as of the Cut-Off Date and will continue in full force and effect until terminated pursuant to this Section. If OneMain Financial resigns as Servicer in
accordance with the provisions of this Agreement or if all of the rights and obligations of the Servicer have been terminated under Section 8.01, the Indenture Trustee may (and upon the written direction of the Required Noteholders shall)
terminate the appointment of the Servicer as custodian 

  
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hereunder in the same manner as the Indenture Trustee may terminate the rights and obligations of the Servicer under Section 8.01. In the event that the Back-up Servicer assumes servicing
responsibilities or a successor Servicer, as applicable, is appointed, the outgoing Servicer shall promptly transfer to the Back-up Servicer or a successor Servicer, as applicable, in such manner and to such location as the Back-up Servicer or a
successor Servicer, as applicable, shall reasonably designate, all of the Loan Agreements and other Sold Assets; provided, however, if the Back-up Servicer is the successor Servicer, the Back-up Servicer may elect to have the Indenture
Trustee hold the Loan Agreements in trust for the Issuer. 
 (d) Establishment of Imaging System. The Servicer may establish its own
imaging system through which the original physical Loan Notes may be imaged and captured through a standalone PDF, or another electronic medium, device and validated through an internal, controlled process with images captured, stored and
identifiable at a central location as a backup to or replacement (in the case of Loan Notes originated in electronic form) to physical documentation. Notwithstanding the foregoing, the Servicer may not exercise its option to maintain custody of
original physical Loan Notes until the Indenture Trustee receives an Officer’s Certificate from the Servicer certifying that (i) the Servicer’s imaging system has been established, (ii) copies of original physical Loan Notes
scanned through the Servicer’s imaging system are accessible by the Back-up Servicer to the same extent as copies provided by the Custodian of original physical Loan Notes in the Custodian’s possession and (iii) the possession of any
original physical Loan Notes by the Servicer (or the applicable Subservicer) and the use of the Servicer’s imaging system will not result in a breach of any of the representations or covenants made by the Servicer, a Subservicer or the Issuer
in this Agreement or the Indenture, as applicable. 
 ARTICLE IV 

COLLECTIONS AND ALLOCATIONS 

Section 4.01. Collections and Allocations. (a) The Servicer shall comply with its obligations in Article VIII of the
Indenture. 
 (b) Each Subservicer shall deliver any Collections received by such Subservicer to the Servicer for deposit into the
Collection Account as promptly as possible after the date of processing of such Collections by such Subservicer, but in no event later than the second Business Day following the date of processing. 

ARTICLE V 
 OTHER
MATTERS RELATING TO THE DEPOSITOR 
 Section 5.01. Liability of the Depositor. The Depositor shall be liable for all
obligations, covenants, representations and warranties of the Depositor arising under or related to this Agreement and each other Transaction Document to which it is a party. The Depositor shall be liable only to the extent of the obligations
specifically undertaken by it in its capacity as a Depositor. 

  
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 Section 5.02. Merger or Consolidation of the Depositor. (a) The Depositor shall
not dissolve, liquidate, consolidate with or merge into any other corporation, limited liability company or other entity or convey, transfer or sell (other than conveyances hereunder) its properties and assets substantially as an entirety to any
Person unless: 
 (i) the entity formed by such consolidation or into which the Depositor is merged or the Person which
acquires by conveyance, transfer or sale the properties and assets of the Depositor substantially as an entirety shall be, if the Depositor is not the surviving entity, organized and existing under the laws of the United States of America or any
state or the District of Columbia, and shall be a special purpose corporation or other special purpose entity whose powers and activities are limited and, if the Depositor is not the surviving entity, such entity or Person shall expressly assume, by
a written agreement supplemental hereto, executed and delivered to the Servicer, the Issuer and the Indenture Trustee, in form reasonably satisfactory to the Servicer, the Issuer and the Indenture Trustee, the performance of every covenant and
obligation of the Depositor hereunder; 
 (ii) the Depositor or the surviving entity, as the case may be, has delivered to
the Owner Trustee and the Indenture Trustee (with a copy to each Rating Agency) (A) an Officer’s Certificate of the Depositor or such entity stating that such consolidation, merger, conveyance, transfer or sale and such supplemental
agreement complies with this Section 5.02 and that all conditions precedent herein provided for relating to such transaction have been complied with and (B) an Officer’s Certificate of the Depositor or such entity and an Opinion of
Counsel each stating that such supplemental agreement is a valid and binding obligation of such surviving entity enforceable against such surviving entity in accordance with its terms, except as such enforceability may be limited by applicable
bankruptcy, insolvency, reorganization, moratorium or other similar laws affecting creditors’ rights generally from time to time in effect or general principles of equity; 

(iii) the Indenture Trustee and the Servicer shall have received an Officer’s Certificate of the Depositor or such entity,
as applicable, to the effect that in the reasonable belief of the Depositor or such entity, such consolidation, merger, conveyance, transfer, sale or other specified action will not have an Adverse Effect; and 

(iv) the Rating Agency Condition with respect to such consolidation, merger, conveyance, transfer, sale or other specified
action has been satisfied. 
 Promptly upon such consolidation, merger, conveyance, transfer or sale, the Depositor shall deliver written
notice of the same to each Rating Agency. 
 (b) Except in connection with a transaction permitted under the foregoing clause (a), the
obligations, rights or any part thereof of the Depositor hereunder shall not be assignable nor shall any Person succeed to such obligations or rights of the Depositor hereunder. 

  
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 Section 5.03. Limitations on Liability of the Depositor. Subject to
Section 5.01, none of the Depositor or any of the directors, officers, employees, agents, members or managers of the Depositor acting in such capacities shall be under any liability to the Issuer, the Issuer Loan Trustee for the benefit of the
Issuer, the Servicer, any Subservicer, any Seller, the Owner Trustee, the Indenture Trustee, the Noteholders or any other Person for any action taken or for refraining from the taking of any action in good faith in such capacities pursuant to this
Agreement or any other Transaction Document, it being expressly understood that such liability is expressly waived and released as a condition of, and consideration for, the execution of this Agreement; provided, however, that this
provision shall not protect the Depositor or any such Person against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of reckless disregard
of obligations and its duties hereunder. The Depositor and any director, officer, employee, member or manager or agent of the Depositor may rely in good faith on any document of any kind prima facie properly executed and submitted by any
Person (other than the Depositor) respecting any matters arising hereunder. 
 ARTICLE VI 

OTHER MATTERS RELATING TO THE SERVICER AND THE SUBSERVICERS 

Section 6.01. Liability of Servicer and the Subservicers. The Servicer and the Subservicers shall be liable under this Article VI
only to the extent of the obligations specifically undertaken by the Servicer or such Subservicer in its capacity as Servicer or Subservicer, as applicable, subject to Section 3.10(e). 

Section 6.02. Merger or Consolidation of, or Assumption of the Obligations of, the Servicer or a Subservicer. Neither the Servicer
nor a Subservicer shall consolidate with or merge into any other corporation, limited partnership, limited liability company or other entity or convey, transfer or sell its properties and assets substantially as an entirety to any Person, unless:

 (a) (i) in the case of any such event by the Servicer, the entity formed by such consolidation or into which the
Servicer is merged (in each case, if other than the Servicer) or the Person which acquires by conveyance, transfer or sale the properties and assets of the Servicer substantially as an entirety shall be an Eligible Servicer (after giving effect to
such consolidation, merger or transfer) and (ii) in the case of any such event by the Servicer or any Subservicer, if the Servicer or such Subservicer is not the surviving Person, such surviving Person shall expressly assume, by a written
agreement supplemental hereto, executed and delivered to the Issuer, the Issuer Loan Trustee, the Indenture Trustee, the Depositor and the Depositor Loan Trustee, in form reasonably satisfactory to the Issuer, the Issuer Loan Trustee, the Indenture
Trustee, the Depositor and the Depositor Loan Trustee, the performance of every covenant and obligation of the Servicer or such Subservicer hereunder and under each other Transaction Document to which it is a party; 

(b) the Servicer or the Subservicer, as applicable, or the surviving Person of such consolidation or merger or Person which
acquires the properties and assets of the Servicer or Subservicer, as the case may be, has delivered to the Issuer, the Issuer Loan 

  
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Trustee the Indenture Trustee, the Depositor and the Depositor Loan Trustee (A) an Officer’s Certificate of the Servicer, such Subservicer or such entity, as applicable, stating that
such consolidation, merger, conveyance, transfer or sale complies with this Section 6.02 and that, in the reasonable determination of the officer signing such Officer’s Certificate, such consolidation, merger, conveyance, transfer or sale
will not have an Adverse Effect, and (B) an Officer’s Certificate of the Servicer, such Subservicer or such entity, as applicable, and an Opinion of Counsel each stating that such supplemental agreement described in clause (a) is a
valid and binding obligation of such surviving or transferee Person enforceable against such Person in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or other
similar laws affecting creditors’ rights generally from time to time in effect or general principles of equity; and 

(c) the Rating Agency Condition with respect to such consolidation, merger, conveyance, transfer or sale has been satisfied;

 provided, however, that the sale by a Seller or Subservicer of Loans to each of the Depositor or the Depositor Loan Trustee for the benefit
of the Depositor under the Loan Purchase Agreement shall not be a conveyance, transfer or sale of its properties or assets substantially as an entirety to any Person for purposes of this Section 6.02. 

Upon any such merger, consolidation or transfer of all or substantially all of the assets of the Servicer or a Subservicer in accordance with
this Section 6.02, the surviving or transferee Person shall be the successor to and substituted for the Servicer or such Subservicer, as applicable, for all purposes under this Agreement. 

Section 6.03. Limitation on Liability of the Servicer, the Subservicers and Others. (a) Except as provided in
Section 6.04, neither the Servicer nor any of the directors, officers, partners, members, managers, employees or agents of the Servicer in its capacity as Servicer shall be under any liability to the Issuer, the Owner Trustee, the Indenture
Trustee, the Noteholders or any other Person for any action taken or for refraining from the taking of any action in good faith in its capacity as Servicer in accordance with this Agreement; provided, however, that this provision shall
not protect the Servicer or any such Person against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of reckless disregard of its obligations
and its duties hereunder. The Servicer and any director, officer, employee, partner, member or manager or agent of the Servicer may rely in good faith on any document of any kind prima facie properly executed and submitted by any Person
(other than the Servicer) respecting any matters arising hereunder. The Servicer shall not be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its duties as Servicer in accordance with this Agreement
and which in its reasonable judgment may involve it in any material expense or liability. In furtherance of its obligations hereunder, the Servicer may, in its sole discretion, undertake any such legal action which it may deem necessary or desirable
for the benefit of the Issuer and the Noteholders with respect to this Agreement and the rights and duties of the parties hereto and the interests of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Noteholders hereunder.

  
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 (b) Except as provided in Section 6.04, neither any Subservicer nor any of the directors,
officers, partners, members, managers, employees or agents of a Subservicer in its capacity as a Subservicer shall be under any liability to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Owner Trustee, the Indenture Trustee,
the Noteholders, the Servicer or any other Person for any action taken or for refraining from the taking of any action in good faith in its capacity as a Subservicer pursuant to this Agreement; provided, however, that this provision
shall not protect a Subservicer or any such Person against any liability which would otherwise be imposed by reason of willful misfeasance, bad faith or gross negligence in the performance of its duties or by reason of reckless disregard of its
obligations and its duties hereunder. Each Subservicer and any director, officer, employee, partner, member or manager or agent of a Subservicer may rely in good faith on any document of any kind prima facie properly executed and submitted by
any Person (other than such Subservicer) respecting any matters arising hereunder. No Subservicer shall be under any obligation to appear in, prosecute or defend any legal action which is not incidental to its duties as a Subservicer in accordance
with this Agreement and which in its reasonable judgment may involve it in any expense or liability. 
 Section 6.04. Servicer
Indemnification of the Issuer, the Issuer Loan Trustee for the Benefit of the Issuer, the Owner Trustee and the Indenture Trustee. The Servicer shall indemnify and hold harmless each of the Issuer, the Issuer Loan Trustee for the benefit of the
Issuer (as such and in its individual capacity), the Owner Trustee (as such and in its individual capacity), the Indenture Trustee (as such and in its individual capacity) and any trustees predecessor thereto (including the Indenture Trustee in its
capacity as Note Registrar) and their respective directors, officers, employees, partners, members or managers and agents from and against any and all loss, liability, expense, damage or injury suffered or sustained by reason of any acts or
omissions of the Servicer (including in its capacity as custodian of any Loan Agreements pursuant to Section 3.11) or a Subservicer with respect to the Issuer or the Issuer Loan Trustee for the benefit of the Issuer in breach of this Agreement
(other than such as may arise from the gross negligence or willful misconduct of the Issuer Loan Trustee for the benefit of the Issuer, the Owner Trustee or the Indenture Trustee, as applicable), including any judgment, award, settlement, reasonable
attorneys’ fees and other costs or expenses incurred in connection with the defense of any action, Proceeding or claim. In addition, the Servicer shall indemnify and hold the Issuer and the Issuer Loan Trustee for the benefit of the Issuer
harmless for any tax or fee to which the Issuer or the Issuer Loan Trustee for the benefit of the Issuer becomes subject in any jurisdiction by reason of the Servicer or a Subservicer being located in such jurisdiction or performing servicing
activities in such jurisdiction. Indemnification pursuant to this Section 6.04 shall not be payable from the Sold Assets. Notwithstanding anything to the contrary herein, neither the Servicer nor any Subservicer shall in any event be
responsible or liable for special, indirect, or consequential loss or damage of any kind whatsoever (including, without limitation, loss of profit) irrespective of whether the Servicer or such Subservicer, as applicable, has been advised of the
likelihood of such loss or damage and regardless of the form of action. 
 Section 6.05. Resignation of the Servicer and the
Subservicers. (a) The Servicer shall not resign from the obligations and duties hereby imposed on it except upon a determination that (i) the performance of its duties hereunder is no longer permissible under applicable law and
(ii) there is no reasonable action which the Servicer could take to make the performance of its duties hereunder permissible under applicable law. Any determination 

  
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permitting the resignation of the Servicer shall be evidenced by an Opinion of Counsel to such effect delivered to the Owner Trustee and the Indenture Trustee. No resignation shall become
effective until a Successor Servicer (which shall be the Back-up Servicer unless the Back-up Servicer is the resigning Servicer) or the Indenture Trustee shall have assumed the responsibilities and obligations of the Servicer in accordance with
Section 8.02 hereof (other than in the case of the Back-up Servicer, any such duty or obligation that it is not required to assume under the express terms of the Back-up Servicing Agreement). If within one hundred twenty (120) days of the
date of the determination that the Servicer may no longer act as Servicer as described above the Indenture Trustee is unable to appoint a Successor Servicer, the Indenture Trustee shall serve as Successor Servicer. Notwithstanding the foregoing, the
Indenture Trustee shall, if it is legally unable so to act, petition a court of competent jurisdiction to appoint any established institution qualifying as an Eligible Servicer as the Successor Servicer hereunder. The Issuer shall give prompt notice
to each Rating Agency upon the appointment of a Successor Servicer. 
 (b) Notwithstanding anything in this Agreement to the contrary, the
Servicer and each Subservicer may assign (which assignment shall not constitute a resignation for purposes of the foregoing clause (a)) part or all of its obligations and duties as Servicer or Subservicer under this Agreement to an Affiliate of the
Servicer or such Subservicer so long as (x) in the case of an assignment by the Servicer, such entity shall be an Eligible Servicer as of such assignment, (y) pursuant to the Performance Support Agreement, the Performance Support Provider
shall have fully guaranteed the performance of the obligations and duties of the Servicer or such Subservicer, as applicable, under this Agreement and (z) the Servicer reasonably determines that such assignment will not materially adversely
affect the interests of any Class of Noteholders. So long as OneMain Financial remains the Servicer, no Subservicer shall resign from the obligations and duties hereby imposed on it except with the consent of the Servicer. 

Section 6.06. Access to Certain Documentation and Information Regarding the Loans. The Servicer and each Subservicer shall provide
to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer or the Indenture Trustee, as applicable, access to the documentation regarding the Loans in such cases where the Issuer, the Issuer Loan Trustee for the benefit of the Issuer or
the Indenture Trustee, as applicable, is required in connection with the enforcement of the rights of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer or the Noteholders or by applicable statutes or regulations to review such
documentation, such access being afforded without charge but only (a) upon reasonable request, (b) during normal business hours, (c) subject to the Servicer’s or Subservicer’s, as applicable, normal security and
confidentiality procedures and (d) at reasonably accessible offices in the continental United States designated by the Servicer or Subservicer, as applicable. Nothing in this Section shall derogate from the obligation of the Depositor, the
Depositor Loan Trustee for the benefit of the Depositor, the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Indenture Trustee, the Subservicer and the Servicer to observe any applicable law prohibiting disclosure of information
regarding the Loan Obligors and the failure of the Servicer or Subservicer to provide access as provided in this Section as a result of such obligation shall not constitute a breach of this Section. 

Section 6.07. Delegation of Duties. In the ordinary course of business (and subject to the standard of care set forth in
Section 3.01), the Servicer may at any time delegate its duties hereunder with respect to the Loans to any Person (including the Subservicers) that agrees 

  
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to conduct such duties in accordance with the Credit and Collection Policy and this Agreement. Such delegation shall not relieve the Servicer of its liability and responsibility with respect to
such duties, and shall not constitute a resignation within the meaning of Section 6.05. 
 Section 6.08. Examination of
Records. Each of the Depositor, the Depositor Loan Trustee, each Subservicer (with respect to the Loans being subserviced by it) and the Servicer shall indicate generally in their computer files or other records that the Loans have been conveyed
to each of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to the terms of this Agreement. Each of Depositor, the Depositor Loan Trustee, each Subservicer and the Servicer shall, prior to the sale or transfer to a third
party of any loan held in its custody, examine its computer records and other records to determine that such loan is not, and does not include, a Loan. Upon such examination and conclusion that such loan is not, and does not include, a Loan, the
Depositor, the Depositor Loan Trustee, each Subservicer and the Servicer shall be free to sell, transfer or otherwise assign such loan. 

Section 6.09. Servicer Power of Attorney. The Issuer Loan Trustee hereby authorizes the Servicer acting alone or through an
Affiliate, including the Subservicers, to execute, deliver and perform any and all agreements, documents or certificates as the Issuer Loan Trustee may be requested or required to undertake in connection with enforcing its rights as the legal title
holder to the Loans. In connection with the enforcement of any rights of the Issuer Loan Trustee with respect to any Loan, the Issuer Loan Trustee shall furnish the Servicer or Subservicers, as applicable, with a power of attorney (substantially in
the form of Exhibit G hereto) and any other documents reasonably necessary or appropriate to enable the Servicer to enforce such rights on behalf of the Issuer Loan Trustee. 

ARTICLE VII 
 INSOLVENCY
EVENTS 
 Section 7.01. Rights upon the Occurrence of an Insolvency Event. The Depositor and the Depositor Loan Trustee for
the benefit of the Depositor shall, on the day that any Insolvency Event occurs with respect to the Depositor, immediately cease to transfer Additional Loans to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer and the Depositor
shall promptly give notice to the Indenture Trustee, the Issuer and the Issuer Loan Trustee thereof. Loans transferred to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer prior to the occurrence of such Insolvency Event and
Collections in respect of such Loans transferred to the Issuer shall continue to be a part of the Sold Assets and shall be allocated and distributed to Noteholders in accordance with the terms of this Agreement and the Indenture. 

  
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 ARTICLE VIII 

SERVICER DEFAULTS 

Section 8.01. Servicer Defaults. If any one of the following events (a “Servicer Default”) shall occur and be
continuing: 
 (a) any failure by the Servicer to make any payment, transfer or deposit or to give instructions or notice to
the Indenture Trustee to make such payment, transfer or deposit on or before the date such payment, transfer or deposit or such instruction or notice is required to be made or given, as the case may be, under the terms of this Agreement or the
Indenture, and which continues unremedied for a period of five (5) Business Days after the earlier of (i) the date on which notice of such failure, requiring the same to be remedied, shall have been given by registered or certified mail to
the Servicer by the Issuer or the Indenture Trustee, or to the Servicer, the Issuer and the Indenture Trustee by the Required Holders and (ii) the actual knowledge of the Servicer thereof; 

(b) failure on the part of the Servicer duly to observe or perform any other covenants or agreements of the Servicer set forth
in this Agreement or the Indenture, which failure has a material adverse effect on the interests of the Noteholders (as determined by the Required Noteholders) and which continues unremedied for a period of sixty (60) days after the earlier of
(i) the date on which notice of such failure, requiring the same to be remedied, shall have been given by registered or certified mail to the Servicer by the Issuer or the Indenture Trustee, or to the Servicer and the Indenture Trustee by the
Required Noteholders and (ii) the actual knowledge of the Servicer thereof; 
 (c) any representation, warranty or
certification made by the Servicer in this Agreement or the Indenture or in any certificate delivered pursuant to this Agreement or the Indenture shall prove to have been incorrect when made or deemed made and such failure has a material adverse
effect on the Noteholders (as determined by the Required Noteholders) and which continues unremedied for a period of sixty (60) days after the earlier of (i) the date on which a notice specifying such incorrect representation or warranty
and requiring the same to be remedied, shall have been given by registered or certified mail to the Servicer by the Issuer, the Issuer Loan Trustee for the benefit of the Issuer or the Indenture Trustee, or to the Servicer, the Issuer, the Issuer
Loan Trustee for the benefit of the Issuer and the Indenture Trustee by the Required Noteholders and (ii) the actual knowledge of the Servicer thereof; 

(d) an Insolvency Event shall occur with respect to the Servicer; or 

(e) the Servicer or any affiliate thereof shall have been terminated or otherwise removed as servicer, master servicer or
subservicer of any other personal loan securitization following a servicer default, master servicer default, subservicer default or similar event in connection with such other securitization; 

then, in the event of any Servicer Default, so long as a Servicer Default is continuing, the Indenture Trustee may (and upon the written direction of the
Required Noteholders shall), by notice then given to the Servicer, the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Back-up Servicer (a “Termination Notice”) (i) terminate all of the rights and
obligations of the Servicer as Servicer under this Agreement and the Indenture and (ii) direct the applicable party to terminate any power of attorney granted to the Servicer and direct such party to execute a new power of attorney to the
Indenture Trustee or its designee. The existence of a Servicer Default may be waived with the consent of the Required Noteholders. 

  
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 After receipt by the Servicer of a Termination Notice, and effective on the Servicing Transfer
Date, all authority and power of the Servicer under this Agreement shall pass to and be vested in the Successor Servicer (a “Servicing Transfer”) appointed by the Indenture Trustee pursuant to Section 8.02; and, without
limitation, the Indenture Trustee is hereby authorized and empowered (upon the failure of the Servicer to cooperate promptly) to execute and deliver, on behalf of the Servicer, as attorney-in-fact or otherwise, all documents and other instruments
upon the failure of the Servicer to execute or deliver such documents or instruments, and to do and accomplish all other acts or things necessary or appropriate to effect the purposes of such Servicing Transfer. The Servicer agrees to cooperate and
to cause each Subservicer to cooperate (and each Subservicer agrees to cooperate) with the Indenture Trustee and such Successor Servicer in (i) effecting the termination of the responsibilities and rights of the Servicer to conduct servicing
hereunder and (ii) transferring all duties and obligations of the Servicer hereunder to such Successor Servicer, including the transfer to such Successor Servicer of all authority of the Servicer to service and administer the Loans provided for
under this Agreement, including all authority over all Collections which shall on the date of transfer be held by the Servicer for deposit, or which have been deposited by the Servicer, in the Collection Account or other applicable Note Account, or
which shall thereafter be received with respect to the Loans, and in assisting the Successor Servicer. The Servicer shall transfer to the Successor Servicer all its electronic records relating to the Loans, together with all other records,
correspondence and documents necessary for the continued servicing and administration of the Loans in the manner and at such times as the Successor Servicer shall reasonably request. Notwithstanding the foregoing, the Servicer shall be allowed to
retain a copy of all records, correspondence and documents provided to the Successor Servicer in compliance with the Servicer’s recordkeeping policies or Requirements of Law. The predecessor Servicer shall be responsible for all expenses
incurred in transferring the servicing duties to the Successor Servicer. To the extent that compliance with this Section shall require the Servicer to disclose to the Successor Servicer information of any kind which the Servicer deems to be
confidential or give the Successor Servicer access to software or other intellectual property, the Successor Servicer shall be required to enter into such customary licensing and confidentiality agreements as the Servicer shall deem reasonably
necessary to protect its interests. 
 Notwithstanding the foregoing, a delay in or failure of performance referred to in paragraph
(a) above for a period of five (5) Business Days after the applicable grace period or under paragraph (b) or (c) above for a period of sixty (60) days after the applicable grace period, shall not constitute a Servicer
Default if such delay or failure could not be prevented by the exercise of reasonable diligence by the Servicer and such delay or failure was caused by a Force Majeure Event. If, following the expiration of such incremental sixty-day grace period in
the case of a delay or failure of performance described in paragraph (b) or (c) above, the applicable delay or failure of performance remains outstanding but the Servicer continues to work diligently to remedy such delay or failure of
performance, then the grace period shall be extended for a further thirty (30) days upon notice from the Servicer to the Indenture Trustee. The preceding sentences shall not relieve the Servicer from using all commercially reasonable efforts to
perform its obligations in a timely manner in accordance with the terms of this Agreement and the Servicer shall provide the Indenture Trustee, the Issuer and the Depositor with an Officer’s Certificate giving prompt notice of such failure or
delay by it, together with a description of its efforts so to perform its obligations. 

  
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 Section 8.02. Indenture Trustee to Act; Appointment of Successor. (a) On and
after the receipt by the Servicer of a Termination Notice pursuant to Section 8.01, the Servicer shall continue to perform all servicing functions under this Agreement until the earlier of (i) the date specified in the Termination Notice
or otherwise specified by the Indenture Trustee and (ii) the Servicing Transfer Date. The Indenture Trustee shall as promptly as possible after the giving of a Termination Notice appoint an Eligible Servicer (which shall be the Back-up Servicer
unless the Back-up Servicer is then acting as the Servicer) as a successor Servicer (the “Successor Servicer”), and such Successor Servicer shall accept its appointment by a written assumption in a form acceptable to the Indenture
Trustee. In the event that a Successor Servicer has not been appointed or has not accepted its appointment at the time when the Servicer ceases to act as Servicer, the Indenture Trustee without further action shall automatically be appointed the
Successor Servicer. The Indenture Trustee may delegate any of its servicing obligations to an Affiliate or agent in accordance with Section 3.01(b) and Section 6.07. Notwithstanding the foregoing, the Indenture Trustee shall, if it is
legally unable or unwilling so to act, petition a court of competent jurisdiction to appoint any established institution qualifying as an Eligible Servicer as the Successor Servicer hereunder. The Indenture Trustee shall give prompt notice to each
Rating Agency upon the appointment of a Successor Servicer. 
 (b) Upon its appointment, the Successor Servicer shall be the successor in
all respects to the Servicer with respect to servicing functions under this Agreement and shall be subject to all the responsibilities, duties and liabilities relating thereto placed on the Servicer by the terms and provisions hereof (other than in
the case of the Back-up Servicer, any such responsibility, duty or liability that it is not required to assume under the terms of the Back-up Servicing Agreement), and all references in this Agreement to the Servicer shall be deemed to refer to the
Successor Servicer. 
 Within five (5) Business Days after the Servicer becomes aware of any Servicer Default, the Servicer shall give
notice thereof to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Indenture Trustee, the Back-up Servicer, the Custodian and each Rating Agency. Upon any termination or appointment of a Successor Servicer pursuant to this
Article VIII, the Indenture Trustee shall give prompt notice thereof to the Noteholders. 
 Section 8.03. Rule 15Ga-1
Compliance. (a) To the extent a Responsible Officer of the Successor Servicer receives a demand for the repurchase of a Loan based on a breach of a representation or warranty made by the Seller of such Loan (each, a
“Demand”), the Successor Servicer agrees (i) if such Demand is in writing, promptly to forward such Demand to the Depositor, and (ii) if such Demand is oral, to instruct the requesting party to submit such Demand in
writing to the Indenture Trustee and the Depositor. 
 (b) In connection with the repurchase of a Loan pursuant to a Demand, any dispute
with respect to a Demand, or the withdrawal or final rejection of a Demand, the Successor Servicer agrees, to the extent a Responsible Officer of the Successor Servicer has actual knowledge thereof, promptly to notify the Depositor in writing. 

  
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 (c) The Successor Servicer will (i) notify the Depositor, as soon as practicable and in any
event within five (5) Business Days of the receipt thereof and in the manner set forth in Exhibit F hereof, of all Demands and provide to the Depositor any other information reasonably requested to facilitate compliance by it with Rule 15Ga-1
under the Exchange Act, and (ii) if requested in writing by the Depositor, provide a written certification no later than fifteen (15) days following any calendar quarter or calendar year that the Successor Servicer has not received any
Demands for such period, or if Demands have been received during such period, that the Successor Servicer has provided all the information reasonably requested under clause (i) above with respect to such demands. For purposes of this Agreement,
references to any calendar quarter shall mean the related preceding calendar quarter ending in March, June, September, or December, as applicable. The Successor Servicer has no duty or obligation to undertake any investigation or inquiry related to
any repurchases of Loans, or otherwise assume any additional duties or responsibilities, other than those express duties or responsibilities the Successor Servicer has hereunder or under the Transaction Documents, and no such additional obligations
or duties are otherwise implied by the terms of this Agreement. The Depositor has full responsibility for compliance with all related reporting requirements associated with the transaction completed by the Transaction Documents and for all
interpretive issues regarding this information. 
 ARTICLE IX 

TERMINATION 

Section 9.01. Termination of Agreement as to Servicing. Unless earlier terminated as contemplated herein, the appointment of the
Servicer and the Subservicers under this Agreement and the respective obligations and responsibilities of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Depositor, the Depositor Loan Trustee for the benefit of the Depositor,
the Servicer, the Subservicers and the Indenture Trustee to the Servicer and the Subservicers, as applicable, under this Agreement, and the rights and obligations of the Servicer and the Subservicers under this Agreement except with respect to the
obligations described in Section 10.07, shall terminate on the date of termination of the Trust Agreement. Such termination shall be automatic, without any required action of the Depositor, the Depositor Loan Trustee, the Indenture Trustee, the
Issuer, the Issuer Loan Trustee or any Noteholder. 
 ARTICLE X 

MISCELLANEOUS PROVISIONS 

Section 10.01. Amendment; Waiver of Past Defaults; Assignment. (a) This Agreement may be amended from time to time by the
Servicer, the Depositor, the Depositor Loan Trustee, the Issuer and the Issuer Loan Trustee, by a written instrument signed by each of them, but without consent of any of the Noteholders, (i) to correct or supplement any provisions herein which
may be inconsistent with any other provisions herein, (ii) to add any other provisions with respect to matters or questions arising under or related to this Agreement which shall not be inconsistent with the provisions of this Agreement;
provided, however, that such action shall not adversely affect in any material respect the interest of any of the Noteholders as evidenced by an Officer’s Certificate of the Depositor to such effect delivered to the Indenture

  
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Trustee and the Issuer and the Rating Agency Condition shall have been satisfied with respect to such amendment. Additionally, this Agreement may be amended from time to time (including in
connection with the issuance of a supplement certificate or to change the definition of Collection Period, Determination Date or Payment Date) by the Servicer, the Depositor, the Depositor Loan Trustee, the Issuer and the Issuer Loan Trustee, by a
written instrument signed by each of them, but without the consent of any of the Noteholders; provided that (i) the Depositor shall have delivered to the Indenture Trustee and the Issuer an Officer’s Certificate, dated the date of
any such amendment, stating that the Depositor reasonably believes that such amendment will not have an Adverse Effect and (ii) the Rating Agency Condition shall have been satisfied with respect to any such amendment. Notwithstanding anything
else to the contrary herein, this Agreement may be amended by the Servicer, the Depositor, the Depositor Loan Trustee, the Issuer and the Issuer Loan Trustee, by a written instrument signed by each of them, but without the consent of the
Noteholders, upon satisfaction of the Rating Agency Condition with respect to such amendment (without anything further) as may be necessary or advisable in order to avoid the imposition of any withholding taxes or state or local income or franchise
taxes imposed on the Issuer’s property or its income. 
 (b) This Agreement may also be amended from time to time by the Servicer, the
Depositor, the Depositor Loan Trustee, the Issuer and the Issuer Loan Trustee, with the consent of the Required Noteholders, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement
or of modifying in any manner the rights of the Noteholders; provided, however, that no such amendment shall directly or indirectly (i) reduce in any manner the amount of or delay the timing of any distributions (changes in Early
Amortization Events that decrease the likelihood of the occurrence thereof shall not be considered delays in the timing of distributions for purposes of this clause) to be made to Noteholders or deposits of amounts to be so distributed without the
consent of each affected Noteholder, (ii) change the definition of or the manner of calculating the interest of any Noteholder without the consent of each affected Noteholder or (iii) reduce the aforesaid percentage required to consent to
any such amendment without the consent of each Noteholder. 
 (c) Promptly after the execution of any such amendment or consent (other than
an amendment pursuant to paragraph (a)), the Issuer shall furnish notification of the substance of such amendment to the Indenture Trustee and each Noteholder, and the Servicer shall furnish notification of the substance of such amendment to each
Rating Agency, the Issuer and the Issuer Loan Trustee for the benefit of the Issuer. 
 (d) It shall not be necessary for the consent of
Noteholders under this Section 10.01 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the
authorization of the execution thereof by Noteholders shall be subject to such reasonable requirements as the Indenture Trustee may prescribe. 

(e) The Required Noteholders may, on behalf of all Noteholders, waive any default by the Depositor, the Depositor Loan Trustee, the Issuer,
the Issuer Loan Trustee, or the Servicer in the performance of their obligations hereunder and its consequences, except the failure to make any distributions required to be made to Noteholders or to make any required deposits of any amounts to be so
distributed (which such default may only be waived by 100% of 

  
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the affected Noteholders). Upon any such waiver of a past default, such default shall cease to exist, and any default arising therefrom shall be deemed to have been remedied for every purpose of
this Agreement. No such waiver shall extend to any subsequent or other default or impair any right consequent thereon except to the extent expressly so waived. 

(f) Any amendment which affects the rights, duties, immunities or liabilities of the Owner Trustee shall require the Owner Trustee’s
written consent. The Owner Trustee may, but shall not be obligated to, enter into any such amendment which affects the Owner Trustee’s rights, duties, benefits, protections, privileges or immunities under this Agreement or otherwise. In
connection with the execution of any amendment hereunder, the Owner Trustee shall be entitled to receive an Opinion of Counsel to the effect that such amendment is permitted under the terms of this Agreement. 

(g) Notwithstanding anything in this Section 10.01 to the contrary, no amendment may be made to this Agreement which would adversely
affect in any material respect the rights or obligations of any Subservicer without the consent of such Subservicer. 
 (h) Notwithstanding
anything in this Section 10.01 to the contrary, no amendment may be made to this Agreement which would adversely affect in any material respect the rights or obligations of the Indenture Trustee without the consent of the Indenture Trustee.

 (i) Except as contemplated in Section 5.02, Section 6.02 and Section 6.05, no party may assign any interest in this
Agreement, except that (i) each of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer may assign their interest in this Agreement to the Indenture Trustee under the Indenture and (ii) any party may assign its interest in
this Agreement to any other Person if (A) at least ten days prior to the assignment notice is given to each other party hereto, and (B) each other party gives its prior written consent to the assignment. 

Section 10.02. Protection of Right, Title and Interest of Issuer and Issuer Loan Trustee for the Benefit of the Issuer.
(a) The Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall cause this Agreement, all amendments and supplements hereto and all financing statements and amendments thereto and continuation statements and any other
necessary documents covering each of the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s right, title and interest to the Sold Assets (and the Issuer and the Issuer Loan Trustee for the benefit of the Issuer hereby
authorize the Depositor to make such filings on its behalf to the extent that the applicable UCC provides that the Issuer or the Issuer Loan Trustee for the benefit of the Issuer is the person authorized to make such filings) to be promptly
recorded, registered and filed, and at all times to be kept recorded, registered and filed, all in such manner and in such places as may be required by law fully to preserve and protect the right, title and interest of the Issuer and the Issuer Loan
Trustee for the benefit of the Issuer hereunder to the Sold Assets. The Depositor shall deliver to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and Indenture Trustee file-stamped copies of, or filing receipts for, any document
recorded, registered or filed as provided above, as soon as available following such recording, registration or filing. The Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall cooperate fully with the Servicer in
connection with the obligations set forth above and will execute any and all documents reasonably required to fulfill the intent of this paragraph. 

  
 -39- 

 (b) Within thirty (30) days after the Depositor makes any change in its name, type or
jurisdiction of organization, or organizational identification number, the Depositor shall give the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee notice of any such change and shall file such financing
statements or amendments as may be necessary to continue the perfection and priority of the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s security interest or ownership interest in the Loans and the other Sold
Assets. 
 (c) Within thirty (30) days after the Depositor Loan Trustee makes any change in its name, type or jurisdiction of
organization, or organizational identification number, the Depositor Loan Trustee shall give the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee notice of any such change and shall file such financing
statements or amendments as may be necessary to continue the perfection and priority of the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s security interest or ownership interest in the Loans and the other Sold
Assets. 
 Section 10.03. GOVERNING LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED AND INTERPRETED IN ACCORDANCE WITH
THE INTERNAL LAWS OF THE STATE OF NEW YORK WITHOUT REFERENCE TO ITS CONFLICT OF LAWS PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW) AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN
ACCORDANCE WITH SUCH LAWS. 
 EACH OF THE PARTIES HERETO HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT
FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE COUNTY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS
CONTEMPLATED HEREBY OR THEREBY. EACH OF THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH
A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OTHER PARTY HERETO OR
ANY OF THEIR PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 
 EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY PARTICIPATE
IN RESOLVING ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO AND INCIDENT TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE OTHER TRANSACTION
DOCUMENTS. 

  
 -40- 

 Section 10.04. Notices. All demands, notices, instructions, directions and
communications under this Agreement must be in writing and will be considered effective when delivered by hand, electronic communication (including e-mail) by courier, by overnight delivery service, or by certified mail, return receipt requested and
postage prepaid. 
  

	 	(a)	in the case of the Depositor, to: 

 OneMain Financial Funding II, LLC 

300 St. Paul Place 
 BSP15 

Baltimore, MD 21202 
 (410)
332-2964 
 OMF.FundingII.LLC@citi.com 

with a copy to: 
 OneMain
Financial Inc. 
 Attention: Office of the General Counsel 

300 St. Paul Place 
 Baltimore,
MD 21202 
  

	 	(b)	in the case of the Depositor Loan Trustee, to: 

 Wells Fargo Bank, N.A. 

Attention: Corporate Trust Services/Structured Products Services 

Sixth and Marquette Ave. 
 MAC
N9311-161 
 Minneapolis, MN 55479 

(612) 667-7181 

marianna.c.stershic@wellsfargo.com 
  

	 	(c)	in the case of the Servicer, to: 

 OneMain Financial, Inc. 

300 St. Paul Place 
 Baltimore,
MD 21202 
 Attention: Oona Robinson 

(410) 332-7723 

oona.robinson@citi.com 

  
 -41- 

 with a copy to: 

OneMain Financial, Inc. 

Attention: Office of the General Counsel 

300 St. Paul Place 
 Baltimore,
MD 21202 
  

	 	(d)	in the case of the Issuer, to: 

 OneMain Financial Issuance Trust 2014-2 

c/o Wilmington Trust, National Association 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, Delaware 19890 

Attention: Corporate Trust Administration 

OMFIT.2014-2@citi.com 
 with a
copy to the Administrator: 
 OneMain Financial, Inc. 

300 St. Paul Place 
 Baltimore,
MD 21202 
 Attention: Oona Robinson 

(410) 332-7723 

oona.robinson@citi.com 
 with a
copy to: 
 OneMain Financial Inc. 

Attention: Office of the General Counsel 

300 St. Paul Place 
 Baltimore,
MD 21202 
  

	 	(e)	in the case of the Issuer Loan Trustee, to: 

 Wells Fargo Bank, N.A. 

Attention: Corporate Trust Services/Structured Products Services 

Sixth And Marquette Ave. 
 MAC
N9311-161 
 Minneapolis, MN 55479 (612) 667-7181 

marianna.c.stershic@wellsfargo.com 

  
 -42- 

	 	(f)	in the case of the Owner Trustee, to: 

 Wilmington Trust, National Association 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, Delaware 19890 

Attention: Corporate Trust Administration 
  

	 	(g)	in the case of the Indenture Trustee, to: 

 Wells Fargo Bank, N.A. 

Attention: Corporate Trust Services/Structured Products Services 

Sixth and Marquette Ave. 
 MAC
N9311-161 
 Minneapolis, MN 55479 (612) 667-7181 

marianna.c.stershic@wellsfargo.com 
  

	 	(h)	in the case of the Back-up Servicer, to: 

 Wells Fargo Bank, N.A. 

Attention: Corporate Trust Services/Structured Products Services 

Sixth and Marquette Ave. 
 MAC
N9311-161 
 Minneapolis, MN 55479 (612) 667-7181 

marianna.c.stershic@wellsfargo.com 
  

	 	(a)	in the case of notice to a Rating Agency, at the following addresses: 

 Standard &
Poor’s Ratings Services 
 55 Water Street, 41st Floor 

New York, NY 10041 
 Attention:
Timothy Bartl 
 Email address: structuredcreditreports@sandp.com 

and 
 DBRS, Inc. 

140 Broadway, 35th Floor 
 New
York, NY 10005 
 Attention: Eric Rapp 

Email address: erapp@dbrs.com, 
  

	 	(i)	to any other Person as specified in the Indenture. 

 Any of these entities may designate a
different address in a notice to the others under this Section 10.05. 

  
 -43- 

 Section 10.05. Severability. If any part of this Agreement is held to be invalid or
otherwise unenforceable, the rest of this Agreement will be considered severable and will continue in full force. 
 Section 10.06.
Further Assurances. Each party must take all actions that are reasonably requested by any other party to effect more fully the purposes of this Agreement. The parties hereto agree to (a) provide access to the Loan Notes and related
documentation in their possession for inspection by governmental regulatory agencies and (b) assist in the preparation of any routine reports required by regulatory bodies, if any. 

Section 10.07. Nonpetition Covenant. (a) To the fullest extent permitted by law and notwithstanding any prior termination of
this Agreement, each of the Servicer, the Subservicers, the Issuer, the Issuer Loan Trustee and the Depositor Loan Trustee agree that it shall not file, commence, join, or acquiesce in a petition or proceeding, or cause the Depositor to file,
commence, join, or acquiesce in a petition or proceeding, that causes (a) the Depositor to be a debtor under any Debtor Relief Law or (b) a trustee, conservator, receiver, liquidator, or similar official to be appointed for the Depositor
or any substantial part of its property. 
 (b) To the fullest extent permitted by law and notwithstanding any prior termination of this
Agreement, each of the Servicer, the Subservicers, the Depositor, the Issuer Loan Trustee and the Depositor Loan Trustee agree that it shall not file, commence, join, or acquiesce in a petition or proceeding, or cause the Issuer to file, commence,
join, or acquiesce in a petition or proceeding, that causes (a) the Issuer to be a debtor under any Debtor Relief Law or (b) a trustee, conservator, receiver, liquidator, or similar official to be appointed for the Issuer or any
substantial part of its property. 
 (c) The parties hereto agree that the provisions of this Section 10.07 shall survive the
resignation or removal of any such party from this Agreement and the termination of this Agreement. 
 Section 10.08. No Waiver;
Cumulative Remedies. No failure to exercise or delay in exercising any right or remedy under this Agreement will effect a waiver of that right or remedy. No single or partial exercise of any right or remedy under this Agreement will preclude any
other or further exercise of that right or remedy or any other right or remedy. Except as otherwise expressly provided, the rights, remedies, powers and privileges provided under this Agreement are cumulative and not exhaustive. 

Section 10.09. Counterparts. This Agreement may be executed in any number of counterparts, each of which will be considered an
original, but all of which together will constitute one agreement. 
 Section 10.10. Binding Effect; Third-Party Beneficiaries.
This Agreement benefits and is binding on the parties hereto, and their respective successor and permitted assigns. Each of the Back-up Servicer, the Indenture Trustee and the Owner Trustee are third-party beneficiaries to this Agreement and is
entitled to the rights and benefits hereunder and may enforce the provisions hereof as if it were a party hereto. 

  
 -44- 

 Section 10.11. Merger and Integration. Except as specifically stated otherwise
herein, this Agreement contains all of the terms and conditions relating to its subject matter to which the parties have agreed. All prior understandings of any kind are superseded by this Agreement. 

Section 10.12. Headings. The headings are for reference only and must not affect the interpretation of this Agreement. 

Section 10.13. Schedules and Exhibits. All schedules and exhibits are fully incorporated into this Agreement. 

Section 10.14. Survival of Representations and Warranties. All representations, warranties, and covenants in this Agreement will
survive the conveyance of the Purchased Assets to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, and the grant of a security interest in the Purchased Assets to the Indenture Trustee under the Indenture. 

Section 10.15. Limited Recourse. (a) Notwithstanding anything to the contrary contained herein, no recourse under or with
respect to any obligation, covenant or agreement of the Depositor as contained in this Agreement or any of the other Transaction Documents or any other agreement, instrument or document to which the Depositor is a party shall be had against any
incorporator, stockholder, affiliate, officer, employee or director of the Depositor by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that
the agreements of the Depositor contained in this Agreement and all other agreements, instruments and documents entered into pursuant hereto or in connection herewith are, in each case, solely corporate obligations of the Depositor. Notwithstanding
any provisions contained in this Agreement to the contrary, the Depositor shall not, and shall not be obligated to, pay any fees, costs, indemnified amounts or expenses due pursuant to this Agreement until payment in full of all amounts that the
Depositor is obligated to pay for deposit into the Collection Account and the Principal Distribution Account pursuant to this Agreement; provided, however, that the Noteholders shall be entitled to the benefits of the subordination of
the Collections allocable to the Trust Certificate to the extent provided in the Indenture. Any amount which the Depositor does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of the
United States Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended from time to time) against or obligation of the Depositor for any such insufficiency unless and until funds are available for the payment of such amounts as
aforesaid. 
 (b) Notwithstanding anything to the contrary contained herein, no recourse under or with respect to any obligation, covenant
or agreement of the Issuer as contained in this Agreement or any of the other Transaction Documents or any other agreement, instrument or document to which the Issuer is a party shall be had against any incorporator, stockholder, affiliate, officer,
employee or director of the Issuer by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that the agreements of the Issuer contained in this
Agreement and all other agreements, instruments and documents entered into pursuant hereto or in connection herewith are, in each case, solely corporate obligations of the Issuer. Notwithstanding any provisions contained in this Agreement to the
contrary, the Issuer shall not, and shall not be obligated to, 

  
 -45- 

 
pay any fees, costs, indemnified amounts or expenses due pursuant to this Agreement other than in accordance with the order of priorities set forth in Section 8.06 of the Indenture. Any
amount which the Issuer does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of the United States Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended from
time to time) against or obligation of the Issuer for any such insufficiency unless and until funds are available for the payment of such amounts as aforesaid. 

(c) The parties hereto agree that the provisions of this Section 10.15 shall survive the resignation or removal of any such party to this
Agreement and the termination of this Agreement. 
 Section 10.16. Rights of the Indenture Trustee. The Indenture Trustee shall
be entitled to all of the same rights, protections, immunities and indemnities set forth in the Indenture. 
 Section 10.17.
Intention of the Parties. It is the intention of the parties hereto that each transfer and conveyance contemplated by this Agreement shall constitute an absolute sale of the related Sold Assets from the Depositor and the Depositor Loan
Trustee for the benefit of the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer and that the related Sold Assets shall not be part of the Depositor’s or the Depositor Loan Trustee’s estate or otherwise be
considered property of the Depositor or the Depositor Loan Trustee in the event of the bankruptcy, receivership, insolvency, liquidation, conservatorship or similar proceeding relating to the Depositor, the Depositor Loan Trustee for the benefit of
the Depositor or any of each of its property. The intent expressed in the first sentence of this paragraph should not be deemed to be an expression of the intended tax treatment of the conveyance of the Sold Assets. It is not intended that any
amounts available for reimbursement of any Sold Assets be deemed to have been pledged by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer to secure
a debt or other obligation of the Depositor or the Depositor Loan Trustee for the benefit of the Depositor. 
 Section 10.18.
Additional Subservicers. The Depositor agrees that, subject to the satisfaction of the conditions set forth below, any Affiliate of OneMain Financial may be added as a party to this Agreement (an “Accession”) as a
“Subservicer” (each such Person, an “Additional Subservicer”), upon the Depositor’s receipt of a written request from OneMain Financial requesting that such Additional Subservicer be added to this Agreement as
a Subservicer at least five (5) days prior to the first acquisition of Eligible Loans to be serviced by such Additional Subservicer: 

(a) the Depositor shall have delivered to the Indenture Trustee a fully executed copy of an Accession Agreement substantially
in the form of Exhibit D hereto with respect to such Additional Subservicer; 
 (b) notice of any Accession and the related
Additional Subservicer shall have been provided to each Rating Agency; 

  
 -46- 

 (c) there shall have been delivered to the Indenture Trustee (on behalf of the
Noteholders) an Officer’s Certificate of OneMain Financial stating that such Accession is not reasonably expected to result in an Adverse Effect; 

(d) the duties and obligations of the Additional Subservicer under this Agreement shall be fully guaranteed by the Performance
Support Provider pursuant to the Performance Support Agreement; and 
 (e) as of the effective date of such Accession, the
conditions precedent applicable to such Additional Subservicer as set forth in Exhibit E shall have been fulfilled. 
 Upon the
effectiveness of any Accession, this Agreement shall be deemed amended to include the proposed Additional Subservicer as a “Subservicer” hereunder. 

Section 10.19. Limitation of Liability of Wilmington Trust. It is expressly understood and agreed by the parties hereto that
(a) this Agreement is executed and delivered by Wilmington Trust, National Association (“Wilmington Trust”), not individually or personally but solely as Owner Trustee of the Issuer, in the exercise of the powers and authority
conferred and vested in it, (b) each of the representations, undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by Wilmington Trust but is made and
intended for the purpose of binding only the Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, individually or personally, to perform any covenant either expressed or implied contained
herein, all such liability, if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto, (d) Wilmington Trust has made no investigation as to the accuracy or completeness of any
representations and warranties made by the Issuer in this Agreement and (e) under no circumstances shall Wilmington Trust be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related documents. 

Section 10.20. Limitation of Liability of Depositor Loan Trustee and Issuer Loan Trustee. (a) It is acknowledged and agreed
that, in connection with each of the Depositor Loan Trustee’s and the Issuer Loan Trustee’s execution and delivery of this Agreement and the performance of its duties and exercise of its rights hereunder, it shall be entitled to all of its
rights, benefits, protections, indemnities and immunities set forth in the Depositor Loan Trust Agreement and the Issuer Loan Trust Agreement, as applicable, and any other relevant Transaction Document. Notwithstanding anything to the contrary
herein, the Depositor Loan Trustee and the Issuer Loan Trustee, as applicable, shall exercise all rights and remedies hereunder and provide any consents, directions, approvals, acceptances, determinations, rejections or other similar actions
pursuant to this Agreement in accordance with directions received from the Depositor or the Issuer, respectively, and neither the Depositor Loan Trustee nor the Issuer Loan Trustee shall have any liability for taking any such actions in accordance
with such directions and shall not be liable for any failure or delay in taking such actions resulting from any failure or delay by such Person (or other applicable Person as may be expressly provided) in providing such direction. 

  
 -47- 

 (b) It is expressly understood and agreed by the parties hereto that (i) this Agreement is
executed and delivered by Wells Fargo Bank, N.A., not individually or personally but solely as Depositor Loan Trustee for the benefit of the Depositor, in the exercise of the powers and authority conferred and vested in it under the Depositor Loan
Trust Agreement, and (ii) under no circumstances shall Wells Fargo Bank, N.A. be personally liable for the payment of any indebtedness or expenses of the Depositor or be liable for the breach or failure of any obligation, representation,
warranty or covenant made or undertaken by the Depositor under this Agreement or the other Transaction Documents to which it is a party. 

(c) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wells Fargo Bank,
N.A., not individually or personally but solely as Issuer Loan Trustee for the benefit of the Issuer, in the exercise of the powers and authority conferred and vested in it under the Issuer Loan Trust Agreement, and (ii) under no circumstances
shall Wells Fargo Bank, N.A. be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under
this Agreement or the other Transaction Documents to which it is a party. 

  
 -48- 

 IN WITNESS WHEREOF, the Depositor, the Depositor Loan Trustee, the Servicer, the Issuer the
Issuer Loan Trustee and the Subservicers have caused this Sale and Servicing Agreement to be duly executed by their respective officers as of the date first above written. 

 

					
	ONEMAIN FINANCIAL FUNDING II, LLC, as Depositor
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President and Assistant Treasurer
	
	ONEMAIN FINANCIAL, INC., a Delaware corporation, as Servicer
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President and Assistant Treasurer
	
	ONEMAIN FINANCIAL, INC., a Hawaii Corporation, as Subservicer
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President & Assistant Treasurer
	
	ONEMAIN FINANCIAL SERVICES, INC., a Minnesota Corporation, as Subservicer
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President & Assistant Treasurer
	
	ONEMAIN FINANCIAL, INC., a West Virginia Corporation, as Subservicer
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President & Assistant Treasurer

 [SIGNATURE PAGE TO SALE AND SERVICING AGREEMENT] 

 IN WITNESS WHEREOF, the Depositor, the Depositor Loan Trustee, the Servicer, the Issuer the
Issuer Loan Trustee and the Subservicers have caused this Sale and Servicing Agreement to be duly executed by their respective officers as of the date first above written. 

 

					
	ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2, as Issuer
		
	By:		 WILMINGTON TRUST, NATIONAL

ASSOCIATION, not in its individual capacity but solely as Owner Trustee

		
	By:		 /s/ Rachel L. Simpson

			Name:		Rachel L. Simpson
			Title:		Assistant Vice President

 [SIGNATURE PAGE TO SALE AND SERVICING AGREEMENT] 

 IN WITNESS WHEREOF, the Depositor, the Depositor Loan Trustee, the Servicer, the Issuer the
Issuer Loan Trustee and the Subservicers have caused this Sale and Servicing Agreement to be duly executed by their respective officers as of the date first above written. 

 

					
	 WELLS FARGO BANK, N.A.,

not in its individual capacity, but solely as Depositor Loan Trustee

		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title:		Vice President
	
	 WELLS FARGO BANK, N.A.,
 not
in its individual capacity, but solely as Issuer Loan Trustee

		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title: 		Vice President

 ACKNOWLEDGED AND AGREED TO AS TO SECTIONS 6.05, 8.01 AND 8.02 BY; 

 

					
	 WELLS FARGO BANK, N.A.,
 as
Indenture Trustee

		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title:		Vice President

 [SIGNATURE PAGE TO SALE AND SERVICING AGREEMENT] 

 Schedule I 

List of Subservicers 
 OneMain Financial,
Inc., a Hawaii Corporation 
 OneMain Financial Services, Inc., a Minnesota Corporation 

OneMain Financial, Inc., a West Virginia Corporation 

  
 Sch. I - 1 

 Schedule II 

Definitions Schedule and Rules of Construction 

  
 Sch. II - 1 

 PART A – Definitions Schedule 

“Accession Agreement” shall mean an accession agreement substantially in the form of Exhibit C of the Loan Purchase Agreement
or Exhibit D of the Sale and Servicing Agreement. 
 “Account Bank” shall have the meaning specified in
Section 8.02(f) of the Indenture. 
 “Act” or “Act of Noteholder” shall have the meaning specified in
Section 11.03(a) of the Indenture. 
 “Addition Date” shall mean the effective date of the conveyance of Additional
Loans, as specified in the applicable Additional Loan Assignment which shall, in each case, be the opening of business on the first calendar day of a Collection Period; provided, that the Addition Date with respect to any Renewal Loan
originated in connection with a Renewal Loan Replacement shall be the date such Renewal Loan Replacement was effected. 

“Additional Cut-Off Date” shall mean (a) with respect to the Loan Purchase Agreement and each Additional Loan, the
Cut-Off Date specified in the related Additional Loan Assignment and (b) with respect to the Sale and Servicing Agreement and each Additional Loan, the Cut-Off Date specified in the related Additional Loan Assignment, which shall, in each case,
be the close of business on the last day of the Collection Period immediately preceding the related Addition Date; provided, that, the Additional Cut-Off Date with respect to any Renewal Loan originated in connection with a Renewal Loan
Replacement shall be the date such Renewal Loan Replacement was effected after giving effect to such Renewal. 
 “Additional
Loan” shall mean (a) with respect to the Loan Purchase Agreement, each additional non-revolving personal loan (including any Renewal Loan) that is sold to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor
pursuant to Section 2.03 of the Loan Purchase Agreement and (b) otherwise, each additional non-revolving personal loan (including any Renewal Loan) that is acquired by the Issuer and the Issuer Loan Trustee for the benefit of the Issuer
pursuant to Section 2.08 of the Sale and Servicing Agreement. 
 “Additional Loan Assignment” shall mean (a) with
respect to the Loan Purchase Agreement, a written assignment substantially in the form of Exhibit B to the Loan Purchase Agreement pursuant to which a Seller further assigns Additional Loans to the Depositor and the Depositor Loan Trustee for the
benefit of the Depositor, and (b) with respect to the Sale and Servicing Agreement, a written assignment substantially in the form of Exhibit A-2 to the Sale and Servicing Agreement pursuant to which the Depositor and the Depositor Loan Trustee
for the benefit of the Depositor further assigns Additional Loans to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer. 

“Additional Loan Assignment Schedule” shall mean (a) with respect to the Loan Purchase Agreement and any Loan Action
Date, the schedule to the related Additional Loan Assignment, listing the Additional Loans sold pursuant to the Loan Purchase Agreement on such Loan Action Date and each Renewal Loan sold pursuant to the Loan Purchase Agreement during 

  
 Sch. II - 2 

 
the Collection Period immediately preceding such Loan Action Date and the related information with respect thereto required to be included in the Loan Schedule and (b) with respect to the
Sale and Servicing Agreement and any Loan Action Date, the schedule to the related Additional Loan Assignment, listing the related Additional Loans assigned pursuant to the Sale and Servicing Agreement on such Loan Action Date and each Renewal Loan
assigned pursuant to the Sale and Servicing Agreement during the Collection Period immediately preceding such Loan Action Date and the related information with respect thereto required to be included in the Loan Schedule. The Additional Loan
Assignment Schedule with respect to any Loan Action Date shall be deemed to supplement and amend the applicable Loan Schedule as of the date of delivery thereof. 

“Additional Subservicer” shall have the meaning specified in Section 10.18 of the Sale and Servicing Agreement. 

“Adjusted Loan Principal Balance” shall mean, with respect to any Collection Period, an amount equal to the Loan Principal
Balance of all Loans in the Trust Estate, other than Charged-Off Loans and Excluded Loans, in each case, as of the close of business on the last day of such Collection Period. 

“Adjustment of Terms” shall mean an “adjustment of terms” (as such term is defined in the Credit and Collection
Policy). 
 “Administration Agreement” shall mean the Administration Agreement, dated as of the Closing Date, among the
Issuer, the Issuer Loan Trustee, the Depositor and the Administrator. 
 “Administrator” shall mean the Person acting in
such capacity from time to time pursuant to and in accordance with the Administration Agreement, which shall initially be OneMain Financial. 

“Adverse Effect” shall mean, with respect to any action, that such action will (a) result in the occurrence of an Early
Amortization Event or an Event of Default or (b) materially and adversely affect the Noteholders. 
 “Affiliate” of
any specified Person shall mean any other Person directly or indirectly controlling or controlled by or under direct or indirect common control with such specified Person. For the purposes of this definition, “control” when used with
respect to any specified Person shall mean the power to direct the management and policies of such Person, directly or indirectly, whether through the ownership of voting securities, by contract or otherwise; and the terms “controlling”
and “controlled” have meanings correlative to the foregoing. 
 “Aggregate Note Principal Balance” shall mean, as
of any date of determination, the sum of the aggregate Class A Note Balance, the aggregate Class B Note Balance, the aggregate Class C Note Balance and the aggregate Class D Note Balance, in each case as of such date of determination. 

  
 Sch. II - 3 

 “Applicable Representations” shall have the meaning specified in
Section 3.03 of the Sale and Servicing Agreement. 
 “Assignment Agreement” shall mean an agreement substantially in
the form of Exhibit A to the Loan Purchase Agreement relating to the Loans and other Purchased Assets purchased by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor on the Closing Date. 

“Authorized Officer” shall mean: 

(a) with respect to the Issuer, (i) any officer of the Owner Trustee who is authorized to act for the Owner Trustee in
matters relating to the Issuer and who is identified on the list of Authorized Officers, containing the specimen signature of each such Person, delivered by the Owner Trustee to the Indenture Trustee on the Closing Date (as such list may be modified
or supplemented from time to time thereafter), (ii) any officer of the Administrator who is authorized to act for the Administrator in matters relating to the Issuer and who is identified on the list of Authorized Officers (containing the
specimen signatures of such officers) delivered by the Administrator to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter) and (iii) any officer of the Depositor who is
authorized to act for the Depositor in matters relating to the Issuer and who is identified on the list of Authorized Officers, containing the specimen signature of each such Person, delivered by the Depositor to the Indenture Trustee on the Closing
Date (as such list may be modified or supplemented from time to time thereafter); 
 (b) with respect to the Depositor,
any officer of the Depositor who is authorized to act for the Depositor in matters relating to the Depositor and who is identified on the list of Authorized Officers (containing the specimen signature of each such Person) delivered by the Depositor
to the Indenture Trustee on the Closing Date (as such list may be modified or supplemented from time to time thereafter); 

(c) with respect to the Servicer, any Servicing Officer; 

(d) with respect to a Seller or any Subservicer, any Vice President or more senior officer; 

(e) with respect to the Indenture Trustee, any Responsible Officer; 

(f) with respect to the Depositor Loan Trustee, any Responsible Officer; and 

(g) with respect to the Issuer Loan Trustee, any Responsible Officer. 

“Auto Secured Loan” shall mean a Loan that is, as of the date of the origination thereof, at least partially secured by a
lien on one or more Titled Assets. 
 “Available Funds” shall mean for any Payment Date, (a) the Collections received
in the Collection Account during the Collection Period relating to such Payment Date, (b) all amounts on deposit in the Reserve Account as of the related Monthly Determination Date and (c) during the Revolving Period, all amounts on deposit in
the Principal Distribution Account as of the commencement of such Payment Date. 

  
 Sch. II - 4 

 “Back-up Servicer” shall mean, initially, Wells Fargo Bank, N.A., and at any
other time, the Person then acting as “Back-up Servicer” pursuant to and in accordance with the Back-up Servicing Agreement. 

“Back-up Servicing Agreement” shall mean the Back-up Servicing Agreement, dated as of the Closing Date, among the Depositor,
the Depositor Loan Trustee, the Servicer, the Issuer, the Issuer Loan Trustee, the Indenture Trustee and the Back-up Servicer, pursuant to which the Back-up Servicer has agreed to perform the back-up servicing duties specified therein for the
benefit of the Issuer and the Noteholders. 
 “Back-up Servicing Fee” shall mean, with respect to any Payment Date, an
amount equal to the greater of (a) $10,000 and (b) the product of 0.04% per annum and the aggregate Loan Principal Balance of all Loans as of the first day of the related Collection Period (or, with respect to the initial
Payment Date, as of the Initial Cut-Off Date) calculated on the basis of a 360-day year consisting of twelve (12) 30-day months (or in the case of the initial Payment Date, 36 days). 

“Bankruptcy Loan” shall mean, to the extent reflected on the servicing systems of the Servicer, any Loan (a) with
respect to which all or any portion of the Loan Principal Balance thereof has been discharged and has not been reaffirmed by the related Loan Obligor, or (b) the Loan Obligor of which has filed, or there has been filed against such Loan
Obligor, voluntary or involuntary proceedings under the United States Bankruptcy Code or any other Debtor Relief Laws, and such Loan has not been reaffirmed by the Loan Obligor in that proceeding. 

“Beneficial Owner” shall mean with respect to any Book-Entry Note, the Person who is the beneficial owner of such Note as
reflected on the books of the Clearing Agency or on the books of a Person maintaining an account with such Clearing Agency (directly as a Clearing Agency Participant or indirectly through a Clearing Agency Participant, in accordance with the rules
of the Clearing Agency). 
 “Beneficiary” shall mean the registered holder of a Trust Certificate as reflected in the
register maintained pursuant to Section 10.01(d) of the Trust Agreement. Initially, the Depositor is the sole Beneficiary. 

“Book-Entry Notes” shall mean security entitlements to the Notes, ownership and transfers of which shall be made through book
entries by a Clearing Agency, as described in Section 2.04 of the Indenture. 
 “Business Day” shall mean any day
other than (a) a Saturday or Sunday or (b) any other day on which banking institutions in New York, New York, Baltimore, Maryland, Minneapolis, Minnesota, Wilmington, Delaware or any other city in which the Corporate Trust Office of the
Indenture Trustee or the Owner Trustee or the principal executive offices of the Servicer or the Depositor, as the case may be, are located, are authorized or obligated by law, executive order or governmental decree to be closed or on which the
fixed income markets in New York, New York are closed. 

  
 Sch. II - 5 

 “Certificate of Trust” shall mean the certificate of trust of the Trust, filed
on April 22, 2014 with the Office of the Delaware Secretary of State pursuant to the Delaware Statutory Trust Act. 

“Charged-Off Loan” shall mean (a) with respect to any Unsecured Loan which is not a Bankruptcy Loan or a Deceased Loan
and any Auto Secured Loan which is not a Deceased Loan, any such Loan that either (i) has at least six payments contractually past due and the paid-to-date has not moved for six consecutive months, or (ii) is at least twelve payments
contractually past due, (b) with respect to any Unsecured Loan which is a Bankruptcy Loan, but not a Deceased Loan, any such Loan that has at least one payment contractually past due and (c) each Deceased Loan, in each case, as reflected
in the records of the Servicer or the applicable Subservicer, in accordance with the Credit and Collection Policy; provided, that determinations of charged-off status with respect to any Loan shall be made no later than the last day of the
Collection Period immediately following the Collection Period in which the event or circumstance giving rise to the charged-off classification occurs unless such event or circumstance has been previously cured. 

“Class” shall mean the Class A Notes, the Class B Notes, the Class C Notes or the Class D Notes, as the context may
require. 
 “Class A Interest Rate” shall mean 2.47% per annum. 

“Class A Monthly Interest Amount” shall mean, for any Payment Date, the amount of interest accrued during the related
Interest Period at the Class A Interest Rate on the Class A Note Balance as of the close of business on the immediately preceding Payment Date (or in the case of the initial Payment Date, the Closing Date), calculated on the basis of a
360-day year consisting of twelve 30-day months (or in the case of the initial Payment Date, 48 days). 
 “Class A Note”
shall mean any one of the 2.47% Class A Notes executed by the Owner Trustee on behalf of the Issuer and authenticated by the Indenture Trustee, substantially in the applicable form attached as Exhibit A to the Indenture. 

“Class A Note Balance” shall initially mean $875,000,000, and thereafter, shall equal the initial Class A Note Balance
reduced by all previous payments to the Class A Noteholders in respect of the principal of the Class A Notes that have not been rescinded. 

“Class B Interest Rate” shall mean 3.02% per annum. 

“Class B Monthly Interest Amount” shall mean, for any Payment Date, the amount of interest accrued during the related
Interest Period at the Class B Interest Rate on the Class B Note Balance as of the close of business on the immediately preceding Payment Date (or in the case of the initial Payment Date, the Closing Date), calculated on the basis of a 360-day year
consisting of twelve 30-day months (or in the case of the initial Payment Date, 48 days). 
 “Class B Note” shall mean any
one of the 3.02% Class B Notes executed by the Owner Trustee on behalf of the Issuer and authenticated by the Indenture Trustee, substantially in the applicable form attached as Exhibit A to the Indenture. 

  
 Sch. II - 6 

 “Class B Note Balance” shall initially mean $118,430,000 and thereafter, shall
equal the initial Class B Note Balance reduced by all previous payments to the Class B Noteholders in respect of the principal of the Class B Notes that have not been rescinded. 

“Class C Interest Rate” shall mean 4.33% per annum. 

“Class C Monthly Interest Amount” shall mean, for any Payment Date, the amount of interest accrued during the related
Interest Period at the Class C Interest Rate on the Class C Note Balance as of the close of business on the immediately preceding Payment Date (or in the case of the initial Payment Date, the Closing Date), calculated on the basis of a 360-day year
consisting of twelve 30-day months (or in the case of the initial Payment Date, 48 days). 
 “Class C Note” shall mean any
one of the 4.33% Class C Notes executed by the Owner Trustee on behalf of the Issuer and authenticated by the Indenture Trustee, substantially in the applicable form attached as Exhibit A to the Indenture. 

“Class C Note Balance” shall initially mean $69,080,000, and thereafter, shall equal the initial Class C Note Balance reduced
by all previous payments to the Class C Noteholders in respect of the principal of the Class C Notes that have not been rescinded. 

“Class D Interest Rate” shall mean 5.31% per annum. 

“Class D Monthly Interest Amount” shall mean, for any Payment Date, the amount of interest accrued during the related
Interest Period at the Class D Interest Rate on the Class D Note Balance as of the close of business on the immediately preceding Payment Date (or in the case of the initial Payment Date, the Closing Date), calculated on the basis of a 360-day year
consisting of twelve 30-day months (or in the case of the initial Payment Date, 48 days). 
 “Class D Note” shall mean any
one of the 5.31% Class D Notes executed by the Owner Trustee on behalf of the Issuer and authenticated by the Indenture Trustee, substantially in the applicable form attached as Exhibit A to the Indenture. 

“Class D Note Balance” shall initially mean $121,710,000, and thereafter, shall equal the initial Class D Note Balance
reduced by all previous payments to the Class D Noteholders in respect of the principal of the Class D Notes that have not been rescinded. 

“Clearing Agency” shall mean an organization registered as a “clearing agency” pursuant to Section 17A of the
Exchange Act and serving as a clearing agency for a Series or Class of Book-Entry Notes. 
 “Clearing Agency Participant”
shall mean a broker, dealer, bank, other financial institution or other Person for whom from time to time a Clearing Agency effects book-entry transfers and pledges of securities deposited with the Clearing Agency. 

“Clearstream” or “Clearstream, Luxembourg” shall mean Clearstream Banking, société
anonyme, a professional depository incorporated under the laws of Luxembourg, and its successors. 

  
 Sch. II - 7 

 “Closing Date” shall mean July 30, 2014. 

“Collection Account” shall have the meaning specified in Section 8.02(a)(i) of the Indenture. 

“Collection Period” shall mean, with respect to each Payment Date, the immediately preceding calendar month; provided,
however, that the initial Collection Period will commence on the day immediately following the Initial Cut-Off Date and end on the last day of the calendar month immediately preceding the initial Payment Date. 

“Collections” shall mean all amounts collected on or in respect of the Loans after the applicable Cut-Off Date, including
scheduled loan payments (whether received in whole or in part, whether related to a current, future or prior due date, whether paid voluntarily by a Loan Obligor or received in connection with the realization of the amounts due and to become due
under any defaulted Loan or upon the sale of any property acquired in respect thereof), all partial prepayments, all full prepayments, recoveries, or any other form of payment. 

“Conveyance Papers” shall mean all documents or instruments delivered pursuant to the Loan Purchase Agreement by or with
reference to a Seller or any transaction under the Loan Purchase Agreement, including any Additional Loan Assignment and the Assignment Agreement. 

“Corporate Trust Office” shall have the meaning (a) when used in respect of the Owner Trustee, the address of the Owner
Trustee specified in the Trust Agreement, (b) when used in respect of the Indenture Trustee, the address of the Indenture Trustee specified in Section 3.02 of the Indenture, (c) when used in respect of the Depositor Loan Trustee, the
address of the Depositor Loan Trustee specified in Section 5 of the Depositor Loan Trust Agreement, and (d) when used in respect of the Issuer Loan Trustee, the address of the Issuer Loan Trustee specified in Section 5 of the Issuer
Loan Trust Agreement. 
 “Credit and Collection Policy” shall mean the credit and collection policies and practices
maintained by the Servicer and the Subservicers relating to the Loans, as the same may be amended, supplemented or otherwise modified from time to time in accordance with the Sale and Servicing Agreement. If there is a Successor Servicer,
“Credit and Collection Policy” shall mean the customary and usual servicing, administration and collection practices and procedures used by servicing companies of comparable experience to the Successor Servicer for servicing
personal loans comparable to the Loans which the Successor Servicer services for its own account. 
 “Custodian” shall mean
Wells Fargo Bank, N.A., as Custodian. 
 “Custodian Agreement” shall mean the Custodian Agreement, dated as of the Closing
Date, among the Issuer, the Issuer Loan Trustee, the Indenture Trustee, the Back-up Servicer, the Servicer, the Depositor and the Custodian. 

“Cut-Off Date” shall mean the Initial Cut-Off Date or any Additional Cut-Off Date, as applicable. 

  
 Sch. II - 8 

 “DBRS” shall mean DBRS, Inc. 

“Debtor Relief Laws” shall mean (a) the United States Bankruptcy Code and (b) all other applicable liquidation,
conservatorship, bankruptcy, moratorium, arrangement, receivership, insolvency, reorganization, suspension of payments, adjustment of debt, marshalling of assets or similar debtor relief laws of the United States, any state or any foreign country
from time to time in effect affecting the rights of creditors generally. 
 “Deceased Loan” shall mean any Loan for which
the Servicer or any Subservicer, as applicable, has (a) been notified that each Loan Obligor with respect to such Loan is deceased and (b) verified the deceased status of such Loan Obligor consistent with the Credit and Collection Policy.
A Loan becomes a Deceased Loan during the Collection Period in which the verification described in clause (b) above is completed. 

“Definitive Notes” shall mean, for any Class, the Notes issued in fully registered, certificated form issued to the owners of
such Class or their nominee. 
 “Delaware Secretary of State” shall mean the Office of the Secretary of State of the State
of Delaware. 
 “Delaware Statutory Trust Act” shall mean Chapter 38 of Title 12 of the Delaware Code. 

“Delinquent Loan” shall mean a Loan which is two (2) or more payments contractually past due as reflected in the records
of the Servicer or the applicable Subservicer in accordance with the Credit and Collection Policy. 
 “Deliveries” shall
have the meaning specified in Section 12.02 of the Trust Agreement. 
 “Demand” shall have the meaning specified in
Section 6.14(a) of the Indenture. 
 “Depositor” shall mean OneMain Financial Funding II, LLC, a limited liability
company formed and existing under the laws of the State of Delaware, and its permitted successors and assigns. 
 “Depositor Loan
Trust Agreement” shall mean the Depositor Loan Trust Agreement, dated as of the Closing Date, between the Depositor and the Depositor Loan Trustee. 

“Depositor Loan Trustee” shall mean Wells Fargo Bank, N.A., not in its individual capacity but solely as Depositor Loan
Trustee under the Depositor Loan Trust Agreement. “Depositor Loan Trustee” shall also mean each successor Depositor Loan Trustee as of the qualification of such successor as Depositor Loan Trustee under the Depositor Loan Trust
Agreement. 
 “Depositor LLC Agreement” shall mean the Limited Liability Company Agreement of OneMain Financial Funding II,
LLC. 

  
 Sch. II - 9 

 “Directing Holder” shall mean (a) so long as the Indenture shall not have
terminated, the Required Noteholders, and (b) in all other instances, the holder of the Trust Certificate. 
 “Disqualification
Event” with respect to the Owner Trustee shall mean (a) the bankruptcy, insolvency or dissolution of the Owner Trustee, (b) the occurrence of the date of resignation of the Owner Trustee, as set forth in a notice of resignation
given pursuant to Section 8.01 of the Trust Agreement, (c) the delivery to the Owner Trustee of the instrument or instruments of removal referred to in Section 8.01 of the Trust Agreement (or, if such instruments specify a later
effective date of removal, the occurrence of such later date), or (d) the failure of the Owner Trustee to qualify under the requirements of Section 8.03 of the Trust Agreement. 

“Distribution Compliance Period” shall have the meaning specified in Section 2.05(b) of the Indenture. 

“Document Delivery Date” shall have the meaning specified in Section 2.03(a) of the Loan Purchase Agreement. 

“Dollars”, “$” or “U.S. $” shall mean (a) United States dollars or
(b) denominated in United States dollars. 
 “Early Amortization Event” shall mean any Early Amortization Event
specified in Section 5.01 of the Indenture. 
 “Eligible Deposit Account” shall mean either (a) a segregated
account with an Eligible Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States or any one of the states thereof, including the District of
Columbia (or any domestic branch of a foreign bank), and acting as a trustee for funds deposited in such account, so long as any of the unsecured, unguaranteed senior debt securities of such depository institution shall have a credit rating from
each of Moody’s and Standard & Poor’s in one of its generic credit rating categories that signifies “BBB” / “Baa2” or higher. 

“Eligible Institution” shall mean a depository institution organized under the laws of the United States of America or any
one of the states thereof, including the District of Columbia (or any domestic branch of a foreign bank), which at all times has (a)(i) a long-term unsecured debt rating of “Baa1” or better by Moody’s and (ii) a certificate of
deposit rating of “P-2” by Moody’s and (b), either (i) a long-term unsecured debt rating of “BBB+” by Standard & Poor’s or (ii) a certificate of deposit rating of “A-2” by
Standard & Poor’s. If so qualified, any of the Indenture Trustee, the Depositor Loan Trustee, the Issuer Loan Trustee, or the Administrator may be considered an Eligible Institution for the purposes of this definition. 

“Eligible Investments” shall mean book-entry securities, negotiable instruments or securities represented by instruments in
bearer or registered form which have maturities of no later than the Business Day immediately prior to the next succeeding Payment Date (unless payable on demand, in which case such securities or instruments may mature on such next succeeding
Payment Date) and which evidence: 
 (a) direct obligations of, and obligations fully guaranteed as to timely payment by, the
United States of America; 

  
 Sch. II - 10 

 (b) demand deposits, time deposits or certificates of deposit (having original
maturities of no more than 365 days) of depository institutions or trust companies incorporated under the laws of the United States of America or any state thereof (or domestic branches of foreign banks) and subject to supervision and examination by
federal or state banking or depository institution authorities; provided that at the time of the Issuer’s investment or contractual commitment to invest therein, the short-term debt rating of such depository institution or trust company
will be rated “A-2” or higher by Standard & Poor’s; 
 (c) commercial paper (having remaining
maturities of no more than thirty (30) days) having, at the time of the Issuer’s investment or contractual commitment to invest therein, a rating not lower than “A-2” from Standard & Poor’s; 

(d) investments in money market funds rated “AAm” or higher by Standard & Poor’s or otherwise approved
in writing by each Rating Agency; 
 (e) demand deposits, time deposits and certificates of deposit which are fully insured
by the Federal Deposit Insurance Corporation; 
 (f) notes or bankers’ acceptances (having original maturities of no
more than 365 days) issued by any depository institution or trust company referred to in (b) above; 
 (g) time
deposits, other than as referred to in clause (e) above, with a Person (i) the commercial paper of which is rated “A-2” or higher by Standard & Poor’s or (ii) that has a long-term unsecured debt rating of
“BBB+” or higher by Standard & Poor’s; or 
 (h) any other investments approved in writing by each
Rating Agency. 
 Eligible Investments may be purchased by or through the Indenture Trustee or any of its Affiliates. 

“Eligible Loan” shall mean a Loan that, as of the related Cut-Off Date: (a) is not categorized as a Bankruptcy Loan,
(b) is either an interest-bearing loan or a Precompute Loan, (c) has a fixed-rate of interest, (d) is denominated in U.S. dollars, (e) the maturity date for which had not occurred, (f) is not a Delinquent Loan, (g) is
not a Revolving Loan, (h) was originated in all material respects in accordance with the Credit and Collection Policy in effect as of the date of such Loan, (i) is not a Charged-Off Loan and (j) in connection with the origination
thereof, a Loan Note was created. 
 “Eligible Servicer” shall mean the Indenture Trustee, OneMain Financial, the Back-up
Servicer or an entity which, at the time of its appointment as Servicer, (a)(i) is either (A) the surviving Person of a merger or consolidation with, or the transferee of all or substantially all of the assets of, OneMain Financial in a
transaction otherwise complying with Section 6.02 of the Sale and Servicing Agreement or (B) an Affiliate of OneMain Financial 

  
 Sch. II - 11 

 
whose obligations are guaranteed by OneMain Financial under the Performance Support Agreement, (ii) is servicing a portfolio of personal loans, (iii) is legally qualified and has the
capacity (in each case, either directly or through one or more subservicers) to service and administer the Loans in accordance with the Sale and Servicing Agreement, and (iv) is qualified to use the software that is then being used to service
the Loans or obtains the right to use or has its own software which is adequate to perform its duties under the Sale and Servicing Agreement or (b)(i) is servicing a portfolio of personal loans, (ii) is legally qualified and has the capacity
(in each case, either directly or through one or more subservicers) to service and administer Loans in accordance with the Sale and Servicing Agreement, (iii) has demonstrated the ability to service professionally and competently a portfolio of
loans which are similar to the Loans in accordance with high standards of skill and care and (iv) is qualified to use the software that is then being used to service the Loans or obtains the right to use or has its own software which is
adequate to perform its duties under the Sale and Servicing Agreement. 
 “Encumbrance” shall mean any security interest,
mortgage, claim, charge (fixed or floating), deed of trust, pledge, hypothecation, assignment, deposit arrangement, equity interest, encumbrance, lien (statutory or other), preference, participation interest, priority or other security agreement or
preferential arrangement of any kind or nature whatsoever, including any conditional sale or other title retention agreement, or any financing lease having substantially the same economic effect as any of the foregoing, and the filing of any
financing statement under the UCC or comparable law of any jurisdiction to evidence any of the foregoing; provided, however, that any assignment permitted by Section 2.05 of, and the lien created by, the Sale and Servicing
Agreement shall not be deemed to constitute an Encumbrance; provided further, however, that each of (a) the lien created in favor of the Depositor and the Depositor Loan Trustee for the benefit of the Depositor under the Loan Purchase
Agreement, (b) the lien created in favor of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer under the Sale and Servicing Agreement and (c) the lien created in favor of the Indenture Trustee under the Indenture shall
not be deemed to constitute an Encumbrance. 
 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended. 
 “Euroclear” shall mean the Euroclear System. 

“Event of Default” shall have the meaning specified in Section 5.02 of the Indenture. 

“Exchange Act” shall mean the Securities Exchange Act of 1934, as amended. 

“Excluded Loan” shall have the meaning specified in Section 8.07(a)(iii) of the Indenture. 

“FATCA” shall have the meaning specified in Section 11.17(a) of the Indenture. 

“FATCA Withholding Tax” shall have the meaning specified in Section 11.17(a) of the Indenture. 

  
 Sch. II - 12 

 “First Priority Principal Payment” shall mean, with respect to any Payment Date,
(a) at any time prior to the occurrence of an Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default, an amount equal to the excess (if any) of (i) the
Class A Note Balance as of the end of the related Collection Period minus any amounts on deposit in the Principal Distribution Account after withdrawing amounts, if any, to be applied as Available Funds with respect to such Payment Date
and prior to the application of Section 8.06(a) of the Indenture on such Payment Date over (ii) the Adjusted Loan Principal Balance as of the end of the related Collection Period and (b) at any time from and after the occurrence of an
Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default or on or after the Stated Maturity Date in respect of the Class A Notes, the Class A Note Balance. 

“Force Majeure Event” shall mean an event that occurs as a result of an act of God, an act of the public enemy, acts of
declared or undeclared war (including acts of terrorism), public disorder, rebellion, sabotage, epidemics, landslides, lightning, fire, hurricanes, earthquakes, floods or similar causes. 

“Fourth Priority Principal Payment” shall mean, with respect to any Payment Date, (a) at any time prior to the
occurrence of an Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default, an amount equal to the excess (if any) of (i) the sum of (A) the Class A Note
Balance as of the end of the related Collection Period plus (B) the Class B Note Balance as of the end of the related Collection Period plus (C) the Class C Note Balance as of the end of the related Collection Period plus (D) the
Class D Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations to the Principal Distribution Account pursuant to
Section 8.06(a)(v), (vii) and (ix) of the Indenture) over (ii) the Adjusted Loan Principal Balance as of the end of the related Collection Period and (b) at any time from and after the occurrence of an Event of Default
described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default or on or after the Stated Maturity Date in respect of the Class D Notes, the sum of the Class A Note Balance, the Class B Note
Balance, the Class C Note Balance and the Class D Note Balance minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations to the Principal Distribution Account pursuant to
Section 8.06(a)(v), (vii) and (ix) of the Indenture). 
 “Global Note” shall mean a Rule 144A Global Note, a
Permanent Regulation S Global Note or a Temporary Regulation S Global Note, as applicable. 
 “Governmental Authority”
shall mean any federal, state, municipal, national, local or other governmental department, court, commission, board, bureau, agency, intermediary, carrier or instrumentality or political subdivision thereof, or any entity or officer exercising
executive, legislative, judicial, quasi-judicial, regulatory or administrative functions of or pertaining to any government or any court, in each case, whether of the United States or a state, territory or possession thereof, a foreign sovereign
entity or country or jurisdiction or the District of Columbia. 
 “Grant” shall mean to grant, bargain, warrant, alienate,
remise, demise, release, convey, assign, transfer, mortgage, pledge, grant a security interest in, create a right of set-off 

  
 Sch. II - 13 

 
against, deposit, set over and confirm. A Grant of any item of the Trust Estate shall include all rights, powers and options (but none of the obligations) of the granting party thereunder,
including without limitation the immediate and continuing right to claim for, collect, receive and give receipt for principal and interest payments in respect of such item of the Trust Estate, and all other monies payable thereunder, to give and
receive notices and other communications, to make waivers or other agreements, to exercise all rights and options, to bring any suit in equity, action at law or other judicial or administrative proceeding in the name of the granting party or
otherwise, and generally to do and receive anything that the granting party may be entitled to do or receive thereunder or with respect thereto. 

“Indemnified Parties” shall have the meaning specified in Section 6.02 of the Loan Purchase Agreement or
Section 11.02 of the Trust Agreement, as applicable. 
 “Indenture” shall mean the Indenture, dated as of the Closing
Date, among the Issuer, the Issuer Loan Trustee, the Account Bank, the Indenture Trustee and the Servicer, as the same may be amended, supplemented or otherwise modified from time to time. 

“Indenture Trustee” shall mean Wells Fargo Bank, N.A., in its capacity as indenture trustee under the Indenture, its
successors in interest and any successor indenture trustee under the Indenture. 
 “Independent” shall mean, when used with
respect to any specified Person, that the Person (a) is in fact independent of the Issuer, any other obligor upon the Notes, the Depositor, and any Affiliate of any of the foregoing Persons, (b) does not have any direct financial interest
or any material indirect financial interest in the Issuer, any such other obligor, the Depositor or any Affiliate of any of the foregoing Persons and (c) is not connected with the Issuer, any such other obligor, the Depositor or any Affiliate
of any of the foregoing Persons as an officer, employee, promoter, underwriter, trustee, partner, director or person performing similar functions. 

“Independent Manager” shall have the meaning specified in the Depositor LLC Agreement. 

“Initial Cut-Off Date” shall mean the close of business on the date that is three Business Days prior to the Closing Date.

 “Initial Loan” shall mean any non-revolving personal loan designated as such under the Loan Purchase Agreement on the
Closing Date, as identified on the Loan Schedule as of the Closing Date. 
 “Initial Loan Assignment” shall mean a written
agreement substantially in the form of Exhibit A-1 to the Sale and Servicing Agreement relating to the Loans and other Sold Assets acquired by the Issuer and the Issuer Loan Trustee for the benefit of the Issuer on the Closing Date. 

“Initial Note Principal Balance” shall mean $1,184,220,000. 

  
 Sch. II - 14 

 “Initial Purchasers” shall mean Citigroup Global Markets Inc., Credit Suisse
Securities (USA) LLC, RBC Capital Markets, LLC and RBS Securities Inc. 
 “Insolvency Event” with respect to any Person,
shall occur if (a) such Person shall file a petition or commence a Proceeding (i) to take advantage of any Debtor Relief Law or (ii) for the appointment of a trustee, conservator, receiver, liquidator, or similar official for or
relating to such Person or all or substantially all of its property, or for the winding up or liquidation of its affairs, (b) such Person shall consent or fail to object to any such petition filed or Proceeding commenced against or with respect
to it or all or substantially all of its property, or any such petition or Proceeding shall not have been dismissed or stayed within sixty (60) days of its filing or commencement, or a court, agency, or other supervisory authority with
jurisdiction shall have decreed or ordered relief with respect to any such petition or Proceeding, (c) such Person shall admit in writing its inability to pay its debts generally as they become due, (d) such Person shall make an assignment
for the benefit of its creditors, (e) such Person shall voluntarily suspend payment of its obligations, or (f) such Person shall take any action in furtherance of any of the foregoing. 

“Interest Period” shall mean, for each Class of Notes and with respect to any Payment Date, the period from and including the
Payment Date immediately preceding such Payment Date to but excluding such Payment Date (or, in the case of the initial Payment Date, the period from and including the Closing Date to but excluding such Payment Date). 

“Interest Rate” shall mean, with respect to the Class A Notes, the Class A Interest Rate, with respect to the Class
B Notes, the Class B Interest Rate, with respect to the Class C Notes, the Class C Interest Rate and with respect to the Class D Notes, the Class D Interest Rate. 

“Internal Revenue Code” shall mean the Internal Revenue Code of 1986, as amended. 

“Investment Company Act” shall mean the Investment Company Act of 1940, as amended. 

“Issuer” shall mean OneMain Financial Issuance Trust 2014-2, a statutory trust organized and existing under the laws of the
State of Delaware, and its permitted successors and assigns. 
 “Issuer Loan Exclusion” shall have the meaning specified in
Section 8.07(a)(iii) of the Indenture. 
 “Issuer Loan Release” shall have the meaning specified in
Section 8.07(a)(v) of the Indenture. 
 “Issuer Loan Trust Agreement” shall mean the Issuer Loan Trust Agreement,
dated as of the Closing Date, between the Issuer and the Issuer Loan Trustee. 
 “Issuer Loan Trustee” shall mean Wells
Fargo Bank, N.A., not in its individual capacity but solely as Issuer Loan Trustee under the Issuer Loan Trust Agreement. “Issuer Loan Trustee” shall also mean each successor Issuer Loan Trustee as of the qualification of such
successor as Issuer Loan Trustee under the Issuer Loan Trust Agreement. 

  
 Sch. II - 15 

 “Issuer Order” shall mean a written order or request signed in the name of the
Issuer by an Authorized Officer and delivered to the Indenture Trustee. 
 “Lien” shall mean, with respect to any property,
any mortgage, deed of trust, pledge, hypothecation, assignment, deposit arrangement, equity interest, encumbrance, lien (statutory or other), preference, participation interest, priority or other security agreement or preferential arrangement of any
kind or nature whatsoever relating to that property, including any conditional sale or other title retention agreement, any financing lease having substantially the same economic effect as any of the foregoing and the filing of any financing
statement under the UCC or comparable law of any jurisdiction to evidence any of the foregoing. 
 “Loan” shall mean any
Initial Loan or Additional Loan, but excluding any Loan that has been reassigned to the applicable Seller pursuant to Section 6.01 of the Loan Purchase Agreement or otherwise. 

“Loan Action” shall have the meaning specified in Section 8.07(a) of the Indenture. 

“Loan Action Date” shall mean the opening of business on the first calendar day of any Collection Period. 

“Loan Action Date Aggregate Principal Balance” shall mean, for any Loan Action Date, the aggregate Loan Action Date Loan
Principal Balance for all Loans in the Loan Action Date Loan Pool for such Loan Action Date. 
 “Loan Action Date Loan
Pool” shall mean, for any Loan Action Date, all Loans that (a) constitute part of the Trust Estate and are not Charged-Off Loans, in each case, as of the end of the Collection Period immediately preceding such Loan Action Date
(including Renewal Loans with respect to Renewal Loan Replacements effected during such Collection Period), (b) are added to the Trust Estate on such Loan Action Date, (c) are not designated to be transferred out of the Trust Estate on the
following Reassignment Date as a result of any Loan Actions taken on such Loan Action Date and (d) are not, following the Loan Actions to be taken on such Loan Action Date, designated as Excluded Loans. 

“Loan Action Date Loan Principal Balance” shall mean, for any Loan and any Loan Action Date, the Loan Principal Balance of
such Loan as of the close of business on the last day of the Collection Period immediately preceding such Loan Action Date. 
 “Loan
Agreement” shall mean, with respect to any Loan, all agreements (including the applicable Loan Note) between the applicable Seller and the related Loan Obligor prior to the applicable Cut-Off Date containing the terms and conditions
applicable to such Loan and any applicable truth in lending disclosure statements related thereto, in each case, as amended and in effect from time to time, representative copies of which have been made available to the Depositor and will be
delivered to the Depositor upon request. 

  
 Sch. II - 16 

 “Loan Note” shall mean, with respect to any Loan, the fully executed original,
electronically authenticated record of the note or authoritative copy of the note (in each case within the meaning of the UCC) for such Loan, including any written allonges, amendments or extensions thereto. 

“Loan Obligor” shall mean any borrower, co-borrower, guarantor, or other obligor with respect to a Loan. In respect of each
Loan, if there is more than one Loan Obligor (husband and wife, for example), references herein to Loan Obligor shall mean any or all of such Loan Obligors, as the context may require. 

“Loan Principal Balance” shall mean as of any determination date with respect to (a) a Loan other than a Precompute
Loan, the outstanding principal balance of such Loan and (b) a Loan that is a Precompute Loan, the calculated principal balance of such Precompute Loan, which is generally equal to the present value of the scheduled and unpaid payments in
respect of such Precompute Loan discounted monthly at an annual rate equal to the coupon on such Precompute Loan. The Loan Principal Balance of any Loan a portion of which has been charged-off in accordance with the Credit and Collection Policy
shall be reduced by the portion so charged-off. 
 “Loan Purchase Agreement” shall mean the Loan Purchase Agreement, dated
as of the Closing Date, among the Sellers party thereto, the Depositor, and the Depositor Loan Trustee. 
 “Loan Schedule”
shall mean a complete schedule prepared by the Servicer, on behalf of the Sellers, the Depositor, and the Depositor Loan Trustee, identifying all Loans sold by a Seller to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor
on the Initial Closing Date, and which Loans, in turn, are sold by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer on the Initial Closing Date, as
such schedule is updated or supplemented from time to time, including, without limitation, in connection with any Additional Loan Assignment or any reassignment to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor
pursuant to Section 2.05 of the Sale and Servicing Agreement and to the applicable Seller pursuant to Section 6.01 of the Loan Purchase Agreement or otherwise. The Loan Schedule may take the form of a computer file or another tangible
medium that is commercially reasonable. The Loan Schedule shall identify each Loan by loan number, branch code, Loan origination date, unique loan identifier, Loan Principal Balance as of the applicable Cut-Off Date, Seller/Subservicer and the
information necessary for the Custodian to comply with the Custodian Agreement. 
 “Material Adverse Effect” shall mean, in
respect of any Person, a material adverse change in the business, assets or operations of such Person. 
 “Monthly Determination
Date” shall mean the sixteenth (16th) day of each calendar month, or if such sixteenth (16th) day is not a Business Day, the
next succeeding Business Day. 

  
 Sch. II - 17 

 “Monthly Net Loss Percentage” shall mean, for any Loan Action Date, the product
of (a) the quotient (expressed as a percentage) of (i) the result of (A) the aggregate principal balance of all Loans that became Charged-Off Loans during the related Collection Period plus (B) the aggregate amount by which the
Loan Principal Balance of any Loans (other than Charged-Off Loans) were reduced due to being charged-off in accordance with the Credit and Collection Policy during the related Collection Period minus (C) the aggregate amount of Monthly
Recoveries collected during the related Collection Period divided by (ii) the Adjusted Loan Principal Balance of all Loans in the Trust Estate immediately prior to the commencement of such Collection Period times (b)(i) with respect to the
initial Loan Action Date, the quotient, rounded to two decimal places, of (A) 360 divided by (B) the number of days in the initial Collection Period and (ii) with respect to each following Loan Action Date, twelve (12). 

“Monthly Recoveries” shall mean, without duplication, with respect to any loan, any amounts (up to the principal balance of
such loan that became charged-off) collected that, in accordance with the Credit and Collection Policy in effect at the time of such collection, constitute recoveries of amounts owed with respect to a Charged-Off Loan. 

“Monthly Servicer Report” shall mean, with respect to each Payment Date, the certificate of the Servicer delivered pursuant
to Section 3.06 of the Sale and Servicing Agreement with respect to such Payment Date, in the form attached as Exhibit C to the Indenture. 

“Notes” shall mean the Class A Notes, the Class B Notes, the Class C Notes or the Class D Notes issued by the Issuer
pursuant to the Indenture. 
 “Note Account” shall mean the Collection Account, the Principal Distribution Account or the
Reserve Account, as applicable. 
 “Note Purchase Agreement” shall mean that certain Note Purchase Agreement dated as of
July 23, 2014, among the Depositor, the Servicer and Citigroup Global Markets Inc., as the representative of the Initial Purchasers. 

“Note Register” shall mean the register maintained pursuant to Section 2.05(a) of the Indenture in which the Notes are
registered. 
 “Note Registrar” shall have the meaning specified in Section 2.05(a) of the Indenture. 

“Noteholder” or “Holder” shall mean the Person in whose name a Note is registered in the Note Register, or
such other Person deemed to be a “Noteholder” or “Holder” pursuant to the Indenture. 
 “Noteholder FATCA
Information” means properly completed and signed tax certifications (generally, in the case of U.S. federal income tax, IRS Form W-9 (or applicable successor form) in the case of a payee that is “United States person” within the
meaning of Section 7701(a)(30) of the Internal Revenue Code or the appropriate IRS Form W-8 (or applicable successor form) in the case of a payee that is not a “United States person” within the meaning of Section 7701(a)(3) of
the Internal Revenue Code) or any other tax documentation which the Issuer or the Indenture Trustee may reasonably request. 

  
 Sch. II - 18 

 “NYUCC” shall mean the Uniform Commercial Code as in effect in the State of New
York. 
 “Officer’s Certificate” shall mean, except to the extent otherwise specified, a certificate signed by an
Authorized Officer of the Issuer, the Issuer Loan Trustee, the Depositor, the Depositor Loan Trustee, the Servicer, a Seller, a Subservicer or the Indenture Trustee, as applicable. 

“OneMain Credit Score” shall mean the numerical credit score determined with respect to any Loan by reference to the OneMain
Custom Credit Model. The OneMain Credit Score of a Loan is established at the time such Loan is originated and remains constant for the life of such Loan. For the avoidance of doubt, to the extent that a Renewal occurs with respect to any Loan, the
related Renewal Loan will be assigned a OneMain Credit Score upon the origination of such Renewal Loan. 
 “OneMain Custom Credit
Model” shall mean the proprietary credit scoring models used by the Sellers to produce the OneMain Credit Scores as in effect from time to time, set forth in the Credit and Collection Policy. 

“OneMain Financial” shall mean OneMain Financial, Inc., a Delaware corporation and its permitted successors and assigns. 

“Opinion of Counsel” shall mean a written opinion of counsel, who may be counsel for, or an employee of, the Person providing
the opinion and who shall be reasonably acceptable to the Person to whom the opinion is to be provided; provided, that any Tax Opinion or other opinion relating to U.S. federal income tax matters shall be an opinion of nationally recognized
tax counsel. 
 “Optional Call Amount” shall have the meaning specified in Section 8.08(b) of the Indenture. 

“Original Loan Principal Balance” shall mean, with respect to any Loan, the outstanding principal balance of such Loan, or if
such Loan is a Precompute Loan, the principal balance of such Precompute Loan calculated in accordance with the definition of “Loan Principal Balance”, in each case as of the related Cut-Off Date with respect to such Loans. 

“Outstanding” shall mean, as of any date of determination, all Notes previously authenticated and delivered under the
Indenture except: 
 (a) Notes previously cancelled by the Indenture Trustee or delivered to the Indenture Trustee for
cancellation; 
 (b) Notes for whose payment or redemption money in the necessary amount has been previously deposited with
the Indenture Trustee for the Holders of such Notes; provided, that if such Notes are to be redeemed, any required notice of such redemption pursuant to the Indenture or provision for such notice satisfactory to the Indenture Trustee has been
made; and 
 (c) Notes that have been paid under Section 2.06 of the Indenture or in exchange for or in lieu of which
other Notes have been authenticated and delivered under the Indenture, other than any such Notes for which there shall have been presented to the Indenture Trustee proof satisfactory to it that such Notes are held by a protected purchaser; 

  
 Sch. II - 19 

 provided, however, that in determining whether the Holders of the requisite principal amount of the
Outstanding Notes have given any request, demand, authorization, direction, notice, consent or waiver under the Indenture, Notes owned by the Issuer, any other obligor upon the Notes, the Depositor, the Performance Support Provider, the Servicer,
any Seller or any Subservicer or any affiliate thereof shall be disregarded and considered not to be Outstanding, except that, in determining whether the Indenture Trustee shall be protected in relying upon any such request, demand, authorization,
direction, notice, consent or waiver, only Notes that a Responsible Officer of the Indenture Trustee, as the case may be, has actual knowledge of being so owned shall be so disregarded. Notes so owned that have been pledged in good faith may be
regarded as Outstanding if the pledgee establishes to the satisfaction of the Indenture Trustee the pledgee’s right so to act for such Notes and that the pledgee is not the Issuer, any other obligor upon the Notes, the Depositor, the
Performance Support Provider, the Servicer, any Seller or any Subservicer or any affiliate thereof. In making any such determination, the Indenture Trustee may rely on the representations of the pledgee and shall not be required to undertake any
independent investigation. 
 “Over-collateralization Event” shall mean, for any Loan Action Date, after giving effect to
all Loan Actions to be taken on such Loan Action Date and all payments and distributions to be made in accordance with Section 8.06 of the Indenture and all principal payments to be made on the Notes, in each case, on the Payment Date following
such Loan Action Date, (a) the Loan Action Date Aggregate Principal Balance minus the Required Over-collateralization Amount is less than (b) the Aggregate Note Principal Balance minus the amounts on deposit in the Principal
Distribution Account. 
 “Ownership Interest” shall have the meaning specified in Section 10.01 of the Trust
Agreement. 
 “Owner Trustee” shall mean Wilmington Trust, National Association, not in its individual capacity but solely
in its capacity as owner trustee under the Trust Agreement, its successors in interest and any successor owner trustee under the Trust Agreement. 

“Owner Trust Estate” shall have the meaning specified in Section 2.01 of the Trust Agreement. 

“Payment Date” shall mean the eighteenth (18th) day of each
calendar month, or if such eighteenth (18th) day is not a Business Day, the next succeeding Business Day; provided, that the initial Payment Date shall be September 18, 2014. 

  
 Sch. II - 20 

 “Performance Support Agreement” shall mean the Performance Support Agreement
dated as of the Closing Date, by OneMain Financial in favor of the Indenture Trustee, the Depositor, the Issuer, the Depositor Loan Trustee and the Issuer Loan Trustee in respect of the obligations of the Sellers, the Servicer (so long as it is an
Affiliate of OneMain Financial), the Administrator (so long as it is an Affiliate of OneMain Financial) and each Subservicer (so long as such Subservicer is an Affiliate of OneMain Financial) under the Transaction Documents. 

“Periodic Filing” shall mean any filing or submission that the Trust is required to make with any federal, state or local
authority or regulatory agency. 
 “Permanent Regulation S Global Note” shall have the meaning specified in
Section 2.05(b) of the Indenture. 
 “Permitted Assignee” shall mean any Person who, if it were to purchase Loans in
connection with a sale under Sections 5.05 and 5.17 of the Indenture, would not cause the Issuer to be taxable as a publicly traded partnership for federal income tax purposes. 

“Permitted Depositor Reassignment” shall mean, with respect to any Seller, any reassignment by the Issuer and the Issuer Loan
Trustee for the benefit of the Issuer to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor of Specified Seller Loans of such Seller so long as after giving effect to such reassignment (a) the aggregate Original Loan
Principal Balance of the Specified Seller Loans of such Seller reassigned on the date of such reassignment does not exceed 10% of the aggregate Original Loan Principal Balance of the Specified Seller Loans of such Seller held by the Issuer and the
Issuer Loan Trustee for the benefit of the Issuer on such day immediately prior to giving effect to such reassignment, and (b) the aggregate Original Loan Principal Balance of the Specified Seller Loans of such Seller reassigned pursuant to
clause (a), together with the aggregate Original Principal Balance of all Specified Seller Loans previously reassigned pursuant to clause (a), does not exceed 10% of the aggregate Original Loan Principal Balance of all Specified Seller Loans of such
Seller purchased by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor on or prior to the date of such reassignment. 

“Permitted Seller Reassignment” shall mean, with respect to any Seller, any reassignment by the Depositor and the Depositor
Loan Trustee for the benefit of the Depositor to such Seller of Specified Seller Loans of such Seller so long as, after giving effect to such reassignment, the aggregate Original Loan Principal Balance of all Specified Seller Loans of such Seller
reassigned to such Seller on or prior to the date of such reassignment does not exceed 10% of the aggregate Original Loan Principal Balance of all Specified Seller Loans of such Seller purchased by the Depositor and the Depositor Loan Trustee for
the benefit of the Depositor on or prior to the date of such reassignment. 
 “Permitted Lien” shall mean (a) Liens
for taxes not delinquent or for taxes being contested in good faith and by appropriate proceedings, and with respect to which adequate reserves have been established, and are being maintained, in accordance with generally accepted accounting
principles promulgated or adopted by the Financial Accounting Standards Board and its predecessors and successors from time to time, (b) mechanics’, materialmen’s, landlords’, 

  
 Sch. II - 21 

 
warehousemen’s, garagemen’s and carriers’ Liens, and other like Liens imposed by law, securing obligations arising in the ordinary course of business, (c) motor vehicle
accident liens and towing and storage liens and (d) any Lien created by the Indenture for the benefit of the Trustee on behalf of the Noteholders. 

“Permitted Transferee” is defined in Section 10.02 of the Trust Agreement. 

“Permitted Trust Investments” shall mean any of the following investments: 

(a) Marketable securities issued by the U.S. Government and supported by the full faith and credit of the U.S. Treasury, either
by statute or an opinion of the Attorney General of the United States; 
 (b) Directly or fully guaranteed obligations of the
U.S. Treasury, the Government National Mortgage Association (GNMA) guaranteed mortgage-back securities, the consolidated debt obligations of the Federal Home Loan Banks, debt obligations of Federal Home Loan Mortgage Corp., and debt obligations of
Federal National Mortgage Association; 
 (c) Certificates of deposit, time deposits, and bankers’ acceptances of any
bank or trust company incorporated under the laws of the United States or any state, provided that, at the date of acquisition, such investment, and/or the commercial paper or other short term debt obligation of such bank or trust company has
a short-term credit rating or ratings from Moody’s and/or Standard and Poor’s, each at least P-1 or A-1; 
 (d)
Deposit accounts with any bank that are insured by the Federal Deposit Insurance Corporation and whose long-term obligations are rated A2 or better by Moody’s and/or A or better by Standard and Poor’s; 

(e) Commercial paper of any corporation incorporated under the laws of the United States or any state thereof which on the date
of acquisition is rated by Moody’s and/or Standard and Poor’s, provided each such credit rating is least P-1 and/or A-1; 

(f) Money market mutual funds that are registered with the Securities and Exchange Commission under the Investment Company Act
of 1940, as amended, and operated in accordance with Rule 2a-7 and that at the time of such investment are rated Aaa by Moody’s and/or AAAm by Standard and Poor’s, including such funds for which the Owner Trustee or an affiliate provides
investment advice or other services; 
 (g) Tax-exempt variable rate commercial paper, tax-exempt adjustable rate option
tender bonds, and other tax-exempt bonds or notes issued by municipalities in the United States, having a short-term rating of “MIG-1” or “VMIG-1” or a long term rating of “Aa” (Moody’s), or a short-term rating of
“A-1” or a long term rating of “AA” (Standard and Poor’s); 
 (h) Repurchase obligations with a term
of not more than thirty (30) days, 102% collateralized, for underlying securities of the types described in clauses (a) and (b) above, entered into with any bank or trust company or its respective affiliate meeting the requirements
specified in clause (c) above; and 
 (i) Maturities on the above securities shall not exceed 365 days and all rating
requirements and/or percentage restrictions are based on the time of purchase. 

  
 Sch. II - 22 

 “Person” shall mean any legal person, including any individual, corporation,
limited liability company, partnership, joint venture, association, joint-stock company, trust, unincorporated organization, governmental entity or other entity of any nature. 

“Physical Loan Delivery Deficiency” shall mean an amount equal to (i) the aggregate Loan Principal Balance of the
Statistical Pool Loans as of the Initial Cut-Off Date less (ii) the aggregate Loan Principal Balance of physical Loan Notes in the Loan Pool held by the Custodian as of the Post-Closing Delivery Date. 

“Post-Closing Delivery Date” shall have the meaning specified in Section 1(c) of the Custodian Agreement. 

“Precompute Loan” shall mean any Loan reflected as such on the records of the Servicer or the applicable Subservicer. 

“Principal Distribution Account” shall have the meaning specified in Section 8.02(a)(ii) of the Indenture. 

“Proceeding” shall mean any suit in equity, action at law or other judicial or administrative proceeding. 

“Purchase Price” shall have the meaning specified in Section 3.01(a) of the Loan Purchase Agreement. 

“Purchased Assets” shall have the meaning specified in Section 2.01(a) of the Loan Purchase Agreement. 

“QIB” shall mean a “qualified institutional buyer” as defined in Rule 144A. 

“Rating Agency” shall mean Standard and Poor’s and DBRS. 

“Rating Agency Condition” shall mean, with respect to any action subject to such condition, (i) the notification in
writing by each Rating Agency then rating any Outstanding Class of Notes (which notification may be in the form of e-mail, facsimile, press release, posting to its internet website or other such means then considered industry standard as determined
by the applicable Rating Agency) that a proposed action will not result in a reduction or withdrawal by such Rating Agency of the then current rating of such Class, or (ii) if a Rating Agency then rating any Outstanding Class of Notes has
informed the Issuer that such Rating Agency does not provide such written notifications for actions of the type being proposed, then as to such Rating Agency the Issuer shall deliver written (which may include e-mail) notice of the proposed action
to such Rating Agency or Rating Agencies at least ten (10) Business Days prior to the effective date of such action (or such shorter notice period if specified in the Indenture with respect to any specific action, or if ten (10) Business
Days prior notice is impractical, such advance notice as is practicable). 

  
 Sch. II - 23 

 “Reassigned Loan” shall have the meaning specified in Section 8.07(a)(v) of
the Indenture. 
 “Reassignment Date” shall have the meaning specified in Section 2.10(b)(i) of the Sale and Servicing
Agreement. 
 “Reassignment Price” shall mean, with respect to any Reassigned Loan, an amount equal to the greater of
(a) the fair market value of such Reassigned Loan, which shall be determined as of the close of business on the day prior to the related Reassignment Date, or (b) the outstanding principal amount of such Reassigned Loan together with all
accrued and unpaid interest thereon to, but excluding, the related Reassignment Date. 
 “Record Date” shall mean, with
respect to any Payment Date, the last Business Day of the calendar month immediately preceding the calendar month during which such Payment Date occurs; provided, that the first Record Date shall be the Closing Date. 

“Redemption Price” shall have the meaning specified in Section 8.08(a) of the Indenture. 

“Regular Principal Payment Amount” shall mean, with respect to any Payment Date, an amount equal to the excess (if any) of
(a) the Aggregate Note Principal Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations on such Payment Date to the Principal
Distribution Account pursuant to Sections 8.06(a)(v), (vii), (ix) and (xi) of the Indenture) over (b)(i) the Adjusted Loan Principal Balance as of the end of the related Collection Period minus (ii) the Required
Over-collateralization Amount. 
 “Regulation S” shall mean Regulation S promulgated under the Securities Act. 

“Regulation S Definitive Note” shall have the meaning specified in Section 2.05(b) of the Indenture. 

“Regulation S Global Note” shall have the meaning specified in Section 2.05(b) of the Indenture. 

“Reinvestment Criteria Event” shall mean, for any Loan Action Date, the existence of any of the following, as determined
based on the Loan Principal Balance and other characteristics of each Loan in the applicable Loan Action Date Loan Pool as of the end of the Collection Period relating to such Loan Action Date: 

(a) the aggregate Loan Action Date Loan Principal Balance of all Single State Originated Loans in the Loan Action Date Loan
Pool for the three (3) States which have the highest concentrations of Single State Originated Loans in such Loan Action Date Loan Pool shall exceed 40.0% of the Loan Action Date Aggregate Principal Balance; 

  
 Sch. II - 24 

 (b) the Loan Action Date Loan Principal Balance of all Single State Originated
Loans in the Loan Action Date Loan Pool for any single State shall exceed 15.0% of the Loan Action Date Aggregate Principal Balance; 

(c) the Weighted Average Coupon for such Loan Action Date shall be less than 22.0%; 

(d) the Weighted Average Loan Remaining Term for such Loan Action Date shall exceed 49 months; 

(e) the Loan Action Date Loan Principal Balance of all Loans in the Loan Action Date Loan Pool that have received a payment
deferment during the Collection Period immediately preceding such Loan Action Date shall exceed 10.0% of the Loan Action Date Aggregate Principal Balance; 

(f) the Loan Action Date Loan Principal Balance of all Loans in the Loan Action Date Loan Pool that were not assigned a OneMain
Credit Score at origination (and, therefore, have a default OneMain Credit Score of zero (0)) shall exceed 1.0% of the Loan Action Date Aggregate Principal Balance; 

(g) the Loan Action Date Loan Principal Balance of all Loans in the Loan Action Date Loan Pool which were subject to an
Adjustment of Terms during the Collection Period immediately preceding such Loan Action Date, shall exceed 12.5% of the Loan Action Date Aggregate Principal Balance; 

(h) the sum of (i) the Loan Action Date Loan Principal Balance of all Loans in the Loan Action Date Loan Pool which were
not assigned a OneMain Credit Score at origination (and, therefore, have a default OneMain Credit Score of zero (0)), plus (ii) the Loan Action Date Loan Principal Balance of all Loans in the Loan Action Date Loan Pool (other than any Loans
already included in the calculation of clause (i) above) which were subject to an Adjustment of Terms during the Collection Period immediately preceding such Loan Action Date, plus (iii) the Loan Action Date Loan Principal Balance of all
Loans in the Loan Action Date Loan Pool (other than any Loans already included in the calculations of clauses (i) and (ii) above), the Loan Obligors of which have a OneMain Credit Score within any “OneMain Credit Score Range”
listed below, shall exceed the percentage of the Loan Action Date Aggregate Principal Balance set forth in the table below opposite such “OneMain Credit Score Range”; 

 

					
	OneMain Credit Score Range	  	Maximum % of Pool Balance	 
		
	 0 - 159
	  	 	12.5	% 
	 0 - 179
	  	 	15.0	% 
	 0 - 199
	  	 	27.5	% 
	 0 - 219
	  	 	57.5	% 
	 0 - 239
	  	 	90.0	% 

 or 

(i) an Over-collateralization Event exists. 

  
 Sch. II - 25 

 “Renewal” shall mean with respect to any Loan in the Trust Estate, a transaction
(which may be designated as either (1) a “renewal” or (2) a “refinance balance only” or “RBO”, in each case, under the Credit and Collection Policy) in which a Loan Obligor enters into a substitute or
replacement agreement for a non-revolving personal loan with the applicable Seller which (a) replaces the original Loan Agreement in full and reduces the reported principal balance under the original loan number to zero (b) results in the
existing loan balance, plus any additional advances or financed amounts being assigned a new loan number and (c) may also provide for the extension of additional advances or financed amounts in connection with such Renewal to such Loan Obligor.

 “Renewal Loan” shall mean pursuant to any Renewal, the personal loan entered into between the applicable Seller and the
Loan Obligor to refinance the related Terminated Loan, which shall include, for the avoidance of doubt, any and all rights to any Renewal Loan Advance. 

“Renewal Loan Advance” means all right, title and interest of the applicable Seller in to and under any additional advances
made by such Seller, if any, in connection with a Renewal and, to the extent such rights were not previously conveyed or are not proceeds of the Loan prior to such Renewal, all rights in to and under the replacement or substitute Loan Agreement
entered into in connection with a Renewal. 
 “Renewal Loan Replacement” shall mean a Renewal effected on or prior to the
last day of the Revolving Period in which (a) the applicable Renewal Loan (including the amount of the related Renewal Loan Advance) is sold by the applicable Seller to the Depositor and the Depositor Loan Trustee for the benefit of the
Depositor and transferred by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer and (b) the existing Loan Agreement with respect to the
applicable Terminated Loan is terminated and replaced, on the day such Renewal is effected; provided, however, that if the Revolving Period is reinstated following the occurrence of an Early Amortization Event as contemplated in the
definition of “Revolving Period,” the capacity to effect Renewal Loan Replacements shall be reinstated as well (subject to termination upon any subsequent expiration or termination of the Revolving Period). 

“Repurchase Price” shall have the meaning specified in Section 6.01(b) of the Loan Purchase Agreement. 

“Required Noteholders” shall mean, at any time, the Holders of Notes evidencing more than 50% of the Outstanding Notes. 

“Required Over-collateralization Amount” shall mean $131,581,349.50. 

“Required Reserve Account Amount” shall mean $13,158,013.50. 

“Requirements of Law” shall mean, for any Person, (a) any certificate of incorporation, certificate of formation,
articles of association, bylaws, limited liability company agreement, or other organizational or governing documents of that Person and (b) any law, 

  
 Sch. II - 26 

 
treaty, statute, regulation, or rule, or any determination by a Governmental Authority or arbitrator, that is applicable to or binding on that Person or to which that Person is subject. This term
includes usury laws, the Truth in Lending Act, and Regulation Z and Regulation B of the Board of Governors of the Federal Reserve System. 

“Reserve Account” shall have the meaning specified in Section 8.02(a)(iii) of the Indenture. 

“Reserve Account Draw Amount” shall mean with respect to any Payment Date, the amount on deposit in the Reserve Account as of
the Monthly Determination Date with respect to such Payment Date. 
 “Responsible Officer” shall mean, with respect to the
Indenture Trustee, the Depositor Loan Trustee, the Issuer Loan Trustee or the Owner Trustee, any officer within the Corporate Trust Office of such Person, as applicable, as the case may be, including any Vice President, Assistant Vice President,
Assistant Treasurer, Assistant Secretary, or any other officer of such Person, as applicable, customarily performing functions similar to those performed by any of the above designated officers, and also, with respect to a particular matter, any
other officer to whom such matter is referred because of such officer’s knowledge of and familiarity with the particular subject, in each case having direct responsibility for the administration of the Indenture and the other Transaction
Documents on behalf of such Person, as applicable. 
 “Revolving Credit Agreement” shall mean the Revolving Credit
Agreement, dated as of the Closing Date, between OneMain Financial Holdings, Inc., a Delaware corporation, and the Depositor, as amended, restated, supplemented or otherwise modified from time to time. 

“Revolving Loan” shall mean any personal loan which (a) is reflected as a “revolving loan” on the records of
the Servicer or the applicable Subservicer and (b) arises under a loan account pursuant to which the loan obligor may request future advances or draws pursuant to the applicable loan agreement; provided, that, upon the irrevocable
termination or expiration of the ability of the related loan obligor to request additional advances or draws under such loan, such loan shall no longer be a “Revolving Loan”. 

“Revolving Period” shall mean the period beginning at the close of business on the Closing Date and ending on the close of
business on the earlier of (a) the Revolving Period Termination Date and (b) the Business Day immediately preceding the day on which an Early Amortization Event or an Event of Default is deemed to have occurred; provided, that the
Revolving Period shall be reinstated upon the occurrence of either of the following: (x)(i) the Revolving Period terminated due to the occurrence of an Early Amortization Event under Section 5.01(a) of the Indenture, and such Early Amortization
Event shall have been cured as of three (3) consecutive Loan Action Dates and (ii) no other event that would have caused the Revolving Period to terminate shall have occurred on or prior to, and be continuing as of, such reinstatement; or
(y)(i) the Revolving Period terminated due to the occurrence of an Early Amortization Event under Section 5.01(b) of the Indenture, and there subsequently occurs a Loan Action Date with respect to which no Reinvestment Criteria Event exists and
(ii) no other event that would have caused the Revolving Period to terminate shall have occurred on or prior to, and be continuing as of, such reinstatement; provided, further that, in the event that the 

  
 Sch. II - 27 

 
Revolving Period is reinstated on any Loan Action Date, such reinstatement shall be given effect for purposes of determining any distributions and allocations to occur on the Payment Date
following such Loan Action Date pursuant to Section 8.06 and Section 8.07 of the Indenture. For purposes of this definition, “cured” shall mean that the circumstances that would constitute an Early Amortization Event do not
exist. 
 “Revolving Period Termination Date” shall mean the close of business on June 30, 2016. 

“Rule 144A” shall mean Rule 144A promulgated under the Securities Act. 

“Rule 144A Definitive Note” shall have the meaning specified in Section 2.05(b) of the Indenture. 

“Rule 144A Global Note” shall have the meaning specified in Section 2.05(b) of the Indenture. 

“Rule 15Ga-1 Information” shall have the meaning specified in Section 6.14(c) of the Indenture. 

“Sale and Servicing Agreement” shall mean the Sale and Servicing Agreement, dated as of the Closing Date, among the
Depositor, the Depositor Loan Trustee, the Servicer, the Subservicers party thereto, the Issuer, and the Issuer Loan Trustee, as amended, restated, supplemented or otherwise modified from time to time. 

“SEC” shall mean the United States Securities and Exchange Commission. 

“Second Priority Principal Payment” shall mean, with respect to any Payment Date, (a) at any time prior to the
occurrence of an Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default, an amount equal to the excess (if any) of (i) the sum of (A) the Class A Note
Balance as of the end of the related Collection Period plus (B) the Class B Note Balance as of the end of the related Collection Period minus the amount on deposit in the Principal Distribution Account (after giving effect to any
allocations to the Principal Distribution Account pursuant to Section 8.06(a)(v) of the Indenture) over (ii) the Adjusted Loan Principal Balance as of the end of the related Collection Period and (b) at any time from and after the
occurrence of an Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default or on or after the Stated Maturity Date in respect of the Class B Notes, the sum of the
Class A Note Balance and the Class B Note Balance minus the amount on deposit in the Principal Distribution Account (after giving effect to any allocations to the Principal Distribution Account pursuant to Section 8.06(a)(v) of the
Indenture). 
 “Securities Act” shall mean the Securities Act of 1933, as amended. 

“Seller” or “Sellers” shall mean the Persons identified in Schedule I to the Loan Purchase Agreement, and
any Affiliate of OneMain Financial which becomes party to the Loan Purchase Agreement as a “Seller” after the Closing Date. 

  
 Sch. II - 28 

 “Servicer” shall mean (a) initially OneMain Financial, in its capacity as
Servicer pursuant to the Sale and Servicing Agreement and any Person that becomes the successor thereto pursuant to Section 6.02 of the Sale and Servicing Agreement or any assignee thereof pursuant to Section 6.05 of the Sale and Servicing
Agreement, and (b) after any Servicing Transfer Date, the Successor Servicer. 
 “Servicer Default” shall have the
meaning specified in Section 8.01 of the Sale and Servicing Agreement. 
 “Servicing Fee” shall have the meaning
specified in Section 3.02 of the Sale and Servicing Agreement. 
 “Servicing Officer” shall mean any officer of the
Servicer or an attorney in fact of the Servicer who in either case is involved in, or responsible for, the administration and servicing of the Loans and whose name appears on a list of servicing officers furnished to the Owner Trustee and the
Indenture Trustee by the Servicer, as such list may from time to time be amended. 
 “Servicing Transfer” shall have the
meaning specified in Section 8.01 of the Sale and Servicing Agreement. 
 “Servicing Transfer Date” shall mean the
date on which a Successor Servicer has assumed all of the duties and obligations of the Servicer under the Sale and Servicing Agreement (other than in the case of the Back-up Servicer, any such duty or obligation that it is not required to assume
under the terms of the Back-up Servicing Agreement) after the resignation or termination of the Servicer. 
 “Servicing Transition
Costs” shall have the meaning specified in the Back-up Servicing Agreement. 
 “Servicing Transition Period” shall
have the meaning specified in the Back-up Servicing Agreement. 
 “Single State Originated Loans” means with respect to any
State and for any Loan Action Date, all of the Loans in the Loan Action Date Loan Pool with respect to such Loan Action Date that were originated by any branch within such State. 

“Sold Assets” shall have the meaning specified in Section 2.01(a) of the Sale and Servicing Agreement. 

“Specified Seller Loans” shall mean, with respect to any Seller, the excess of (i) all Loans in the aggregate that were
purchased by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor from such Seller pursuant to the Loan Purchase Agreement minus (ii) all Loans identified in clause (i) which were required to be reassigned
to such Seller pursuant to Section 6.01 of the Loan Purchase Agreement. 
 “Standard & Poor’s” shall
mean Standard & Poor’s Rating Services, a Standard & Poor’s Financial Services LLC business, and its successors. 

  
 Sch. II - 29 

 “State” shall mean any of the fifty (50) states in the United States of
America or the District of Columbia. 
 “Stated Maturity Date” shall mean, with respect to each Class of Notes,
September 18, 2024. 
 “Statistical Pool Loans” shall have the meaning specified under the heading “Summary
Information—Statistical Cut-Off Date” in the Private Placement Memorandum, dated as of July 23, 2014, relating to the Notes. 

“Subservicer” shall mean (a) prior to any Servicing Transfer Date, each subservicer identified in Schedule I of the Sale
and Servicing Agreement, in its capacity as a Subservicer pursuant to the Sale and Servicing Agreement, any person that becomes an Additional Subservicer pursuant to Section 10.18 of the Sale and Servicing Agreement and any Person that becomes
the successor thereto under Section 6.02 of the Sale and Servicing Agreement as a “Subservicer” after the Closing Date and any assignee thereof pursuant to Section 6.05 of the Sale and Servicing Agreement, and (b) after any
Servicing Transfer Date, any subservicers appointed by the Successor Servicer, which may include some or all of the subservicers referred to in the foregoing clause (a). 

“Successor Servicer” shall mean the successor servicer appointed in accordance with Section 8.02 of the Sale and
Servicing Agreement. 
 “Tax Opinion” shall mean, with respect to any action, an Opinion of Counsel to the effect that, for
U.S. federal income tax purposes, (a) such action will not adversely affect the tax characterization as debt of any Note of any Outstanding Class with respect to which an Opinion of Counsel was delivered at the time of its original issuance as
to the characterization of such Note as debt for U.S. federal income tax purposes (it being understood that any such Opinion of Counsel shall not be required to provide any greater level of assurance regarding the tax characterization of any Class
of Notes than was provided in the original Opinion of Counsel with respect to such Class), (b) such action will not cause or constitute an event in which gain or loss would be recognized by the Holder of any Class of Notes with respect to which
an Opinion of Counsel was delivered at the time of original issuance to the effect that such Notes would be characterized as debt for U.S. federal income tax purposes (it being understood that no such Opinion of Counsel shall be required with
respect to Notes as to which no Opinion of Counsel for U.S. federal income tax purposes was delivered), and (c) such action will not cause the Issuer to be deemed to be an association or publicly traded partnership taxable as a corporation.

 “Temporary Regulation S Global Note” shall have the meaning specified in Section 2.05(b) of the Indenture. 

“Terminated Loan” shall mean the Loan that is refinanced and written down to zero in connection with a Renewal in respect of
such Loan. 
 “Terminated Loan Price” shall mean, with respect to any Loan that becomes a Terminated Loan, the excess of
(a) all amounts owing on such Loan (including all amounts of principal, interest and fees on the day that such Loan becomes a Terminated Loan), minus (b) all amounts received from the proceeds of the Renewal Loan that are applied by
the Servicer or 

  
 Sch. II - 30 

 
applicable Subservicer in accordance with the Credit and Collection Policy to satisfy any amounts of interest and fees owing on such Loan, minus (c) all amounts of insurance refunds
applied by the Servicer or applicable Subservicer in accordance with the Credit and Collection Policy to satisfy any portion of principal owing on the Loan, in each case (with respect to clauses (b) and (c)) that are also applied in connection
with such Terminated Loan as Collections by such Servicer or applicable Subservicer under the Transaction Documents on the day such Loan becomes a Terminated Loan. 

“Termination Notice” shall have the meaning specified in Section 8.01 of the Sale and Servicing Agreement. 

“Third Priority Principal Payment” shall mean, with respect to any Payment Date, (a) at any time prior to the occurrence
of an Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default, an amount equal to the excess (if any) of (i) the sum of (A) the Class A Note Balance as of
the end of the related Collection Period plus (B) the Class B Note Balance as of the end of the related Collection Period plus (C) the Class C Note Balance as of the end of the related Collection Period minus the amount on deposit
in the Principal Distribution Account (after giving effect to any allocations to the Principal Distribution Account pursuant to Section 8.06(a)(v) and (vii) of the Indenture) over (ii) the Adjusted Loan Principal Balance as of the end
of the related Collection Period and (b) at any time from and after the occurrence of an Event of Default described in any of clauses (a), (b), (c), (d), (e), (f), (i) or (k) of the definition of Event of Default or on or after the
Stated Maturity Date in respect of the Class C Notes, the sum of the Class A Note Balance, the Class B Note Balance and the Class C Note Balance minus the amount on deposit in the Principal Distribution Account (after giving effect to
any allocations to the Principal Distribution Account pursuant to Section 8.06(a)(v) and (vii) of the Indenture). 

“Titled Asset” shall mean a motor vehicle for which, under applicable State law, a certificate of title is issued and any
security interest therein is required to be perfected by notation on such certificate of title. 
 “Transaction Documents”
shall mean the Certificate of Trust, the Trust Agreement, the Custodian Agreement, the Depositor Loan Trust Agreement, the Issuer Loan Trust Agreement, the Note Purchase Agreement, the Loan Purchase Agreement, the Revolving Credit Agreement, the
Sale and Servicing Agreement, the Indenture, the Administration Agreement, the Back-up Servicing Agreement, the Performance Support Agreement, each Accession Agreement, if any, and such other documents and certificates delivered in connection with
the foregoing. 
 “Trust” shall mean the Trust established by the Trust Agreement. 

“Trust Account” shall mean the account established by the Owner Trustee on behalf of the Trust pursuant to Section 4.04
of the Trust Agreement. 
 “Trust Agreement” shall mean the Amended and Restated Trust Agreement relating to the Issuer,
dated as of the Closing Date, between the Depositor and the Owner Trustee. 

  
 Sch. II - 31 

 “Trust Certificate” shall have the meaning specified in Section 10.01 of
the Trust Agreement. 
 “Trust Company” shall mean Wilmington Trust, National Association or any successor thereto that is
acting as Owner Trustee. 
 “Trust Estate” shall have the meaning specified in the Granting Clause of the Indenture. 

“UCC” shall mean the Uniform Commercial Code of the applicable jurisdiction. 

“United States Bankruptcy Code” shall mean Title 11 of the United States Code, 11 U.S.C. §§ 101 et seq., as
amended. 
 “Unsecured Loan” shall mean a Loan that is, as of the date of the origination thereof, not secured. 

“Weighted Average Coupon” shall mean, with respect to any Loan Action Date, the weighted average coupon (based on the coupon
or, in the case of discount Loans, the effective coupon based on the discount rate set forth in the applicable Loan Agreements) of all Loans in the Loan Action Date Loan Pool for such Loan Action Date, determined based upon the Loan Principal
Balance and coupon of such Loans as of the last day of the Collection Period relating to such Loan Action Date. 
 “Weighted Average
Loan Remaining Term” shall mean, with respect to any Loan Action Date, the weighted average remaining term to maturity (as set forth in the applicable Loan Agreements) of all Loans in the Loan Action Date Loan Pool for such Loan Action
Date, determined based upon the Loan Principal Balance and remaining term to maturity of such Loans as of the last day of the Collection Period immediately preceding such Loan Action Date. 

  
 Sch. II - 32 

 Part B – Rules of Construction 

(a) All terms defined in this Appendix or any Transaction Document shall have the defined meanings when used in any certificate or other
document made or delivered pursuant hereto or thereto unless otherwise defined therein. 
 (b) As used in this Appendix or any Transaction
Document, accounting terms that are not defined herein or therein, and accounting terms partly defined herein or therein shall have the respective meanings given to them under generally accepted accounting principles. To the extent that the
definitions of accounting terms in this Appendix or any Transaction Document are inconsistent with the meanings of such terms under generally accepted accounting principles, the definitions contained in this Appendix or such Transaction Document
will control. 
 (c) Any reference in this Appendix or any Transaction Document to “the Rating Agency” shall only apply to any
specific rating agency if such rating agency is then rating the Notes at the request of the Issuer or Depositor and otherwise such references shall have no force or effect; provided, that, in the event that the Depositor, the Issuer or any
representative thereof requested that such rating agency cease rating the Notes, such references shall continue in full force and effect. Any reference in this Appendix or any Transaction Document to a specified rating level from any rating agency
shall mean at least such specified rating and any rating level higher than the rating level specified shall also be deemed to satisfy the referenced rating requirement. 

(d) With respect to any Payment Date, the “related Collection Period” and the “related Monthly Determination Date,” will
mean the Collection Period and Monthly Determination Date, respectively, immediately preceding such Payment Date, and the relationships among Collection Periods and Monthly Determination Dates will be correlative to the foregoing relationships. 

(e) Each defined term used in this Appendix or any Transaction Document has a comparable meaning when used in its plural or singular form.
Each gender-specific term used in this Appendix or any Transaction Document has a comparable meaning whether used in a masculine, feminine or gender-neutral form. 

(f) Unless otherwise specified, references in this Appendix or any Transaction Document to any amount as on deposit or outstanding on any
particular date shall mean such amount at the close of business on such day. 
 (g) The words “hereof”,
“herein” and “hereunder” and words of similar import when used in this Appendix or any Transaction Document shall refer to this Appendix or such Transaction Document as a whole and not to any particular provision or
subdivision of this Appendix or such Transaction Document; references to any subsection, Section, Schedule or Exhibit contained in this Appendix or any Transaction Document are references to subsections, Sections, Schedules and Exhibits in or to
this Appendix or such Transaction Document unless otherwise specified; and the term “including” shall mean “including without limitation.” The word “or” when used in this Appendix or any Transaction
Document is not exclusive. Whenever the term “including” (whether or not followed by the phrase “but not limited to” or “without 

  
 Sch. II - 33 

 
limitation” or words of similar effect) is used in this Appendix or any Transaction Document in connection with a listing of items within a particular classification, that listing will be
interpreted to be illustrative only and will not be interpreted as a limitation on, or exclusive listing of, the items within that classification. 

(h) Terms used in this Appendix or any Transaction Document herein that are defined in the NYUCC and not otherwise defined shall have the
meanings set forth in the NYUCC unless the context requires otherwise. 
 (i) Any reference in this Appendix or any Transaction Document to
the “Appendix,” this “Appendix,” the “Agreement,” this “Agreement” or words of like import shall be a reference to this Appendix or such Transaction Document as it may be amended, supplemented or modified from
time to time. Any definition of or reference to any agreement, instrument or other document in this Appendix or any Transaction Document shall be construed as referring to such agreement, instrument or other document as from time to time amended,
supplemented or otherwise modified (subject to any restrictions on such amendments, supplements or modifications set forth in any Transaction Document). 

(j) Any reference in this Appendix or any Transaction Document to a “beneficial interest” in a security also shall mean a security
entitlement with respect to such security, and any reference herein to a “beneficial owner” or “beneficial holder” of a security also shall mean the holder of a security entitlement with respect to such security. 

(k) Any reference in this Appendix or any Transaction Document to any law shall include all statutory and regulatory provisions consolidating,
amending, replacing or interpreting such law and any reference to any law or regulation shall, unless otherwise specified, refer to such law or regulation as amended, modified or supplemented from time to time. 

  
 Sch. II - 34 

 Schedule III 

Perfection Representations, Warranties and Covenants 

In addition to the representations, warranties and covenants contained in this Sale and Servicing Agreement, the Depositor, and with respect
to paragraph 5(a), the Depositor Loan Trustee, hereby represents, warrants, and covenants to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, respectively, as follows on the Closing Date: 

1. This Sale and Servicing Agreement creates a valid and continuing security interest (as defined in the applicable UCC) in the Loans in favor
of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer, which security interest is prior to all other Liens, and is enforceable as such as against creditors of and purchasers from the Depositor. 

2. The Loans constitute “tangible chattel paper,” “electronic chattel paper,” “accounts,”
“instruments” or “general intangibles” within the meaning of the UCC. 
 3. The Depositor together with the Depositor
Loan Trustee owns and has good and marketable title to the Loans free and clear of any Lien, claim or encumbrance of any Person. 
 4. The
Depositor has caused, within ten (10) days after the effective date of this Sale and Servicing Agreement, the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under applicable law in
order to perfect the sale of and the security interest in the Loans, and if any additional such filing is necessary in connection with any Additional Loans, the Depositor will cause such filings to be made within ten (10) days of the applicable
Addition Date. All financing statements referred to in this paragraph contain a statement that: “A purchase of or security interest in any collateral described in this financing statement will violate the rights of the Secured
Party/Purchaser”. 
 5. (a) Other than the security interest granted and the conveyance to the Issuer and the Issuer Loan Trustee
for the benefit of the Issuer pursuant to this Sale and Servicing Agreement, neither the Depositor nor the Depositor Loan Trustee for the benefit of the Depositor has pledged, assigned, sold, granted a security interest in, or otherwise conveyed any
of the Sold Assets; and 
 (b) The Depositor has not authorized the filing of, and is not aware of, any financing statements against the
Depositor or the Depositor Loan Trustee that include a description of collateral covering the Loans other than any financing statement (i) relating to the conveyance of the Loans by the Depositor and the Depositor Loan Trustee for the benefit
of the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer under this Sale and Servicing Agreement, (ii) relating to the security interest granted to the Indenture Trustee under the Indenture or (iii) that has
been terminted. The Depositor Loan Trustee for the benefit of the Depositor has not authorized the filing of, and is not aware of, any financing statements against the Depositor or the Depositor Loan Trustee that include a description of collateral
covering the Loans other than any financing statement (i) relating to the conveyance of the Loans by the Depositor and the Depositor Loan Trustee for the benefit of the Depositor to the Issuer and the Issuer Loan Trustee for the benefit of the
Issuer under this Sale and Servicing Agreement, (ii) relating to the security interest granted to the Indenture Trustee under the Indenture or (iii) that has been terminated. 

  
 Sch. III - 1 

 6. The Depositor is not aware of any material judgment, ERISA or tax lien filings against the
Depositor. 
 7. On or prior to the conveyance of any Loan by the Depositor and the Depositor Loan Trustee to the Issuer and the Issuer Loan
Trustee for the benefit of the Issuer, the Seller of such Loan has in its possession (or the Custodian has in its possession) (i) all original copies of the instruments and chattel paper that constitute or evidence the Loans sold by the Seller
to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor and (ii) to the extent any such single “authoritative copy” exists, a single “authoritative copy” (as such term is used in Section 9.105
of the UCC) of any electronic chattel paper that constitute or evidence the Loans sold by the Seller to the Depositor and the Depositor Loan Trustee for the benefit of the Depositor. None of the instruments, electronic chattel paper or tangible
chattel paper that constitute or evidence the Loans has any marks or notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Depositor, the Depositor Loan Trustee for the benefit of the
Depositor, the Issuer, the Issuer Loan Trustee for the benefit of the Issuer or the Indenture Trustee. Other than to the Custodian, neither the Depositor nor any other Person has communicated an “authoritative copy” (as such term is used
in Section 9-105 of the UCC) of any Loan Agreement that constitutes or evidences such Loan to any Person other than the Servicer or a Subservicer pursuant to the Sale and Servicing Agreement. 

8. With respect to each Loan Agreement that constitutes electronic chattel paper, all of the following are true: 

(i) Only one authoritative copy of such Loan Agreement that constitutes or evidences the Loans exists. Such authoritative copy
(a) is unique, identifiable, and, except as otherwise provided in paragraphs (iii) and (iv) below, unalterable, and (b) has been communicated to and is maintained by the Servicer in its capacity as custodian pursuant to the terms
of this Sale and Servicing Agreement. 
 (ii) The authoritative copy identifies only the Indenture Trustee as the assignee of
the Depositor and the Depositor Loan Trustee. 
 (iii) Each copy of the authoritative copy and any copy of a copy are readily
identifiable as copies that are not the authoritative copy. 
 (iv) With respect to such Loan Agreement, the record or
records comprising the electronic chattel paper are created, stored, and assigned in a manner such that (a) all copies or revisions that add or change an identified assignee of the authoritative copy of such Loan Agreement that constitutes or
evidences the Loans must be made with the participation of the Indenture Trustee, and (b) all revisions of the authoritative copy of such Loan Agreement that constitute or evidence the Loans must be readily identifiable as an authorized or
unauthorized revision. 

  
 Sch. III - 2 

 (v) Neither the Depositor nor any other Person has communicated an
“authoritative copy” (as such term is used in Section 9-105 of the UCC) of such Loan Agreement that constitutes or evidences the Loan to any Person other than the Servicer pursuant to the terms of this Sale and Servicing Agreement.

 (vi) Either (a) the Indenture Trustee has received a written acknowledgment from the Servicer that the Servicer (in
its capacity as custodian) is holding the authoritative copy of such Loan Agreement solely on behalf and for the benefit of the Indenture Trustee, as pledgee of the Issuer, or (b) the Indenture Trustee received a written acknowledgment from the
Servicer that the Servicer is acting solely as agent of the Indenture Trustee, as pledgee of the Issuer. 
 9. Notwithstanding any other
provision of this Sale and Servicing Agreement or any other Transaction Document, the perfection representations, warranties and covenants contained in this Schedule III shall be continuing, and remain in full force and effect until such time as all
obligations under this Sale and Servicing Agreement have been finally and fully paid and performed. 
 10. The parties to this Sale and
Servicing Agreement shall provide each Rating Agency with prompt written notice of any material breach of the perfection representations, warranties and covenants contained in this Schedule III, and shall not, without satisfying the Rating Agency
Condition, waive a breach of any of such perfection representations, warranties or covenants. 
 11. Each of the Depositor and the Depositor
Loan Trustee for the benefit of the Depositor covenant that, in order to evidence the interests of the Issuer and the Issuer Loan Trustee for the benefit of the Issuer under this the Sale and Servicing Agreement, each of the Depositor and the
Depositor Loan Trustee for the benefit of the Depositor shall take such action, or execute and deliver such instruments as may be necessary or advisable (including, without limitation, such actions as are requested by the Issuer) to maintain and
perfect, as a first-priority interest, the Issuer’s and the Issuer Loan Trustee for the benefit of the Issuer’s security interest in the Loans. The Depositor shall, from time to time and within the time limits established by law, prepare
and file all financing statements, amendments, continuations, initial financing statements in lieu of a continuation statement, terminations, partial terminations, releases or partial releases, or any other filings necessary or advisable to
continue, maintain and perfect the Depositor’s and the Depositor Loan Trustee for the benefit of the Depositor’s security interest in the Loans as a first-priority interest. 

  
 Sch. III - 3 

 Exhibit A-1 

Form of Initial Loan Assignment 

This INITIAL LOAN ASSIGNMENT (this “Agreement”), dated July 30, 2014, is by
OneMain Financial Funding II, LLC, a Delaware limited liability company on behalf of itself and Wells Fargo Bank, N.A., a national banking association, not in its individual capacity but solely as loan trustee (in such capacity, the
“Depositor Loan Trustee,” and together with the Depositor, the “Assignors”), in favor of OneMain Financial Issuance Trust 2014-2, a Delaware statutory trust on behalf of itself and Wells Fargo Bank, N.A., a
national banking association, not in its individual capacity but solely as loan trustee (in such capacity, the “Issuer Loan Trustee,” and together with the Issuer, the “Assignees”). Capitalized terms used herein but
not defined shall have the meaning ascribed to such terms in the Sale and Servicing Agreement, dated as of July 30, 2014 (the “Sale and Servicing Agreement”) among the Assignors, the Assignees, OneMain Financial, Inc., as
Servicer, and the Subservicers party thereto. 
 For and in consideration of the sum of
[            ] ($[        ]) and other valuable consideration, the receipt and sufficiency of which are hereby acknowledged, each of the Assignors
hereby agrees as follows: 
 In accordance with the terms and conditions of the Sale and Servicing Agreement, the Assignors hereby confirms
the sale, transfer, conveyance and assignment to the Assignees all of the right, title and interest of the Assignors, as Purchaser, in, to and under the Loans identified on Schedule A (the “Initial Assigned Loans”) and the other
Sold Assets related thereto. The CutOff Date for the Initial Assigned Loans (other than Renewal Loans in connection with Renewal Loan Replacements) is [            ]. 

The Assignors specifically reserve and do not confirm the assignment to the Assignees hereunder any of its right, title or interest in, to and
under and all obligations of the Assignor with respect to any loans which are not the initial Loans set forth on Schedule A and are not the subject of this Agreement. 

Schedule A hereto includes the information with respect to the initial Loans required to be included in the Loan Schedule to be delivered
under the Sale and Servicing Agreement on the Closing Date. 

  
 A-1 

 IN WITNESS WHEREOF, the parties have caused this
Initial Loan Assignment to be executed by their duly authorized officers as of the date first above written. 
  

					
	ASSIGNOR:
	
	ONEMAIN FINANCIAL FUNDING II, LLC,
		
	By:		  

			Its:		  

	
	ASSIGNEE:
	
	ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2,
	as Issuer
		
	By:		WILMINGTON TRUST, NATIONAL
			ASSOCIATION, not in its individual
			capacity but solely as owner trustee
		
	By:		  

			Name:		  

			Title:		  

  
 A-2 

 Schedule A 

Loan Schedule 

  
 A-3 

 Exhibit A-2 

Form Of Additional Loan Assignment 

This ADDITIONAL LOAN ASSIGNMENT (this “Agreement”), dated as of [the
applicable Addition Date] (the “Addition Date”), is by OneMain Financial Funding II, LLC, a Delaware limited liability company on behalf of itself and Wells Fargo Bank, N.A., a national banking association, not in its
individual capacity but solely as loan trustee (in such capacity, the “Depositor Loan Trustee,” and together with the Depositor, the “Assignors”), in favor of OneMain Financial Issuance Trust 2014-2, a
Delaware statutory trust on behalf of itself and Wells Fargo Bank, N.A., a national banking association, not in its individual capacity but solely as loan trustee (in such capacity, the “Issuer Loan Trustee,” and together with the
Issuer, the “Assignees”). Capitalized terms used herein but not defined shall have the meaning ascribed to such terms in the Sale and Servicing Agreement, dated as of July 30, 2014 (the “Sale and Servicing
Agreement”) among the Assignors, the Assignees, ONEMAIN FINANCIAL, INC., as Servicer, and the Subservicers party thereto. 
 For
and in consideration of the sum of [            ] ($[        ]) and other valuable consideration, which is payable on the following Payment Date,
each of the Assignors hereby agrees as follows: 
 In accordance with the terms and conditions of the Sale and Servicing Agreement, the
Assignors hereby confirms the sale, transfer, conveyance and assignment to the Assignees all of the right, title and interest of the Assignors, as Purchasers, in, to and under the Additional Loans identified on Schedule A (the “Assigned
Additional Loans”) and the other Sold Assets related thereto. The Cut-Off Date for the Assigned Additional Loans (other than Renewal Loans in connection with Renewal Loan Replacements) is
[            ]. 
 The Assignors specifically reserve and do not confirm the
assignment to the Assignees hereunder any of its right, title or interest in, to and under and all obligations of the Assignors with respect to any loans which are not the Additional Loans set forth on Schedule A and are not the subject of this
Agreement. 
 Schedule A hereto includes the information required to be included in the Loan Schedule with respect to the Assigned
Additional Loans and the Loan Schedule is hereby supplemented to include the Assigned Additional Loans and other information included in Schedule A. 

The Owner Trustee is executing this Agreement not in its individual capacity, but solely as Owner Trustee on behalf of the Issuer and,
accordingly, the Owner Trustee shall incur no personal liability in connection herewith or the transitions contemplated hereby. 

  
 A-2 - 1 

 IN WITNESS WHEREOF, the parties have caused this Additional Loan Assignment to be executed by
their duly authorized officers as of the date first above written. 
  

					
	ASSIGNOR:
	
	ONEMAIN FINANCIAL FUNDING II, LLC,
		
	By:		  

			Its:		  

	
	ASSIGNEE:
	
	ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2,
	as Issuer
		
	By:		ONEMAIN FINANCIAL FUNDING II, LLC,
			as Depositor
		
	By:		  

			Its:		  

		
	By:		  

			Name:		  

			Title:		  

  
 A-2 - 2 

 SCHEDULE A 

LOAN SCHEDULE 

  
 A-2 - 3 

 EXHIBIT B 

FORM OF ANNUAL COMPLIANCE CERTIFICATE 

The undersigned, the duly [OFFICER TITLE] of ONEMAIN
FINANCIAL, INC. (“OneMain Financial”), does hereby certify that: 
 (1)
OneMain Financial is, as of the date hereof, the Servicer under that certain Sale and Servicing Agreement dated as of July 30, 2014 (as amended and supplemented, or otherwise modified and in effect from time to time, the “Sale and
Servicing Agreement”), by and among OneMain Financial Funding II, LLC, as Depositor, Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Depositor, OneMain Financial, as
Servicer, the Subservicers party thereto, OneMain Financial Issuance Trust 2014-2, as the Issuer and Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan trustee for the benefit of the Issuer. 

(2) The undersigned is a Servicing Officer and is duly authorized pursuant to the Sale and Servicing Agreement to execute and
deliver this Officer’s Certificate to the Issuer, each Rating Agency and the Indenture Trustee. 
 (3) A review of the
activities of the Servicer during the fiscal year ended March 31,         , and of its performance under the Sale and Servicing Agreement was conducted under my supervision. 

(4) Based on such review, the Servicer has, to the best of my knowledge, performed in all material respects all of its
obligations under the Sale and Servicing Agreement and other Transaction Documents throughout such year and no Servicer Default has occurred and is continuing, except as set forth in paragraph 5 below. 

(5) The following is a description of each Servicer Default known to me to have occurred and be continuing as of the date of
this Officer’s Certificate made by the Servicer during the fiscal year ended March 31,         , which sets forth in detail the (a) nature of each such Servicer Default, (b) the action
taken by the Servicer, if any, to remedy each such Servicer Default and (c) the current status of each such Servicer Default: (If applicable, insert “None.”) 

Capitalized terms used but not defined herein are used as defined in the Sale and Servicing Agreement. 

  
 B-1 

 IN WITNESS WHEREOF, each of the undersigned has duly
executed this Officer’s Certificate this      day of             .1 

 

					
	  

		
	By:		  

			Name:		  

			Title:		  

  

	1 	Required to be delivered on or before June 30 of each calendar year, beginning with June 30, 2015 pursuant to Section 3.07 of the Sale and Servicing Agreement. 

  
 B-2 

 EXHIBIT C 

FORM OF LOAN REASSIGNMENT 

This LOAN REASSIGNMENT (this “Agreement”), dated a [date of applicable Document Delivery
Date], by OneMain Financial Issuance Trust 2014-2, a Delaware statutory trust (the “Assignor”) in favor of OneMain Financial Funding II, LLC, a Delaware limited liability company (the “Assignee”).
Capitalized terms used herein but not defined shall have the meaning ascribed to such terms in the Sale and Servicing Agreement, dated as of July 30, 2014 (the “Sale and Servicing Agreement”) among the Assignors, the Assignees,
OneMain Financial, Inc., as Servicer, and the Subservicers party thereto. 
 For and in consideration of the sum of
[            ] ($[        ]) and other valuable consideration, each of the Assignors hereby agrees as follows: 

In accordance with the terms and conditions of the Sale and Servicing Agreement, the Assignors hereby grant, transfer and assign to the
Assignees all of the right, title and interest of the Assignors in, to and under (i) the Loans identified on Schedule A (the “Reassigned Loans”), (ii) the Purchased Assets related thereto, (iii) the right to receive
all Collections with respect to the Purchased Assets after the date hereof, and (iv) all proceeds thereof. 
 The Assignees hereby
accept such assignment and shall deliver to or at the direction of the Assignors the consideration identified in the preceding paragraph. 

Notwithstanding anything to the contrary herein, in no event shall any Loans or related Purchased Assets be transferred from the Assignors to
the Assignees pursuant to this Agreement unless such Loans and related Purchased Assets have been released from the Lien of the Indenture in accordance with the terms thereof. 

The Assignors specifically reserve and do not assign to the Assignees hereunder any of its right, title or interest in, to and under and all
obligations of the Assignors with respect to any Loans which are not the Reassigned Loans set forth on Schedule A and are not the subject of this Agreement. 

  
 C-1 

 IN WITNESS WHEREOF, the parties have caused this
Loan Reassignment to be executed by their duly authorized officers as of the date first above written. 
  

					
	ASSIGNOR:
	
	ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2
		
	By:		ONEMAIN FINANCIAL FUNDING II, LLC,
			as Depositor
		
	By:		  

			Its:		  

  
 C-2 

 SCHEDULE A 

LOAN SCHEDULE 

  
 C-3 

 EXHIBIT D 

FORM OF ACCESSION AGREEMENT 

THIS ACCESSION AGREEMENT dated as of
[                    ] (this “Agreement”) is by and among             ,
a              (the “Company”), OneMain Financial Funding II, LLC (the “Depositor”), Wells Fargo Bank, N.A., not in its individual capacity
but solely as loan trustee for the benefit of the Depositor (in such capacity, the “Depositor Loan Trustee”). 
 Reference
is made to the Sale and Servicing Agreement, dated as of July 30, 2014 (as amended, restated, modified or supplemented from time to time, the “Sale and Servicing Agreement”), among the Depositor, the Depositor Loan Trustee,
OneMain Financial, Inc., as Servicer (the “Servicer”), the Subservicers party thereto, OneMain Financial Issuance Trust 2014-2 and Wells Fargo Bank, N.A., not in its individual capacity, but solely as loan
trustee for the benefit of the Issuer). Capitalized terms used herein without definition shall have the meanings given to them in the Sale and Servicing Agreement. 

Pursuant to Section 10.18 of the Sale and Servicing Agreement, an Affiliate of OneMain Financial, Inc. may be added as a party to the
Sale and Servicing Agreement as a Subservicer upon satisfaction of the conditions set forth in the Sale and Servicing Agreement, including the delivery to the Indenture Trustee of a fully executed copy of this Agreement. 

In connection therewith: 
 1.
The Company hereby joins in and agrees to be bound by and to comply with each and every provision of the Sale and Servicing Agreement as a Subservicer thereunder. 

2. The Company hereby represents and warrants that each representation and warranty contained in Section 3.03 of the Sale and Servicing
Agreement is true and correct with respect to the Company as of the date of this Agreement, as if such representations and warranties were set forth at length herein. 

3. This Accession Agreement shall be a Transaction Document, shall be binding upon and enforceable against the Company and its successors and
assigns, and shall inure to the benefit of and be enforceable by the Depositor and its assigns. 
 [Signature Pages Follow] 

  
 D-1 

 IN WITNESS WHEREOF, each party hereto has caused
this Accession Agreement to be executed by its duly authorized officer as of the date first above written. 
  

					
	[NAME OF COMPANY]
		
	By:		  

			Name:		  

			Title:		  

	
	ONEMAIN FINANCIAL FUNDING II, LLC, as
			Depositor		
		
	By:		  

			Name:		  

			Title:		  

	
	WELLS FARGO BANK, N.A., not in its
			individual capacity but solely as Depositor Loan Trustee
		
	By:		  

			Name:		  

			Title:		  

  
 D-2 

 EXHIBIT E 

CONDITIONS TO ACCESSION 

The Depositor and the Depositor Loan Trustee for the benefit of the Depositor shall have received each of the following in form and substance
satisfactory to the Depositor, the Depositor Loan Trustee and any assignee thereof: 
 (i) a fully-executed copy of an
Accession Agreement with respect to the Additional Subservicer; 
 (ii) a certificate of the Secretary or Assistant Secretary
of the Additional Subservicer, dated the date of the proposed Accession, certifying (a) the names and true signatures of the incumbent officers of the Additional Subservicer authorized to sign on behalf of the Additional Subservicer this
Agreement Agreements and all other documents to be executed by the Additional Subservicer hereunder or in connection herewith, (b) that the copy of the certificate of formation or articles of incorporation of the Additional Subservicer, as
applicable, is a complete and correct copy and that such certificate of formation or articles of incorporation have not been amended, modified or supplemented and are in full force and effect, (c) that the copy of the limited liability company
agreement or by-laws, as applicable, of the Additional Subservicer are a complete and correct copy, and that such limited liability company agreement or by-laws have not been amended, modified or supplemented and are in full force and effect, and
(d) the resolutions of the board of directors or board of managers of the Additional Subservicer approving and authorizing the execution, delivery and performance by the Additional Subservicer of this Agreement and all other documents to be
executed by the Additional Subservicer hereunder or in connection herewith; 
 (iii) a good standing certificate for the
Additional Subservicer, dated as of a recent date, issued by the Secretary of State of the Additional Subservicer’s State of formation or incorporation, as applicable; 

(iv) an Opinion of Counsel from counsel to the Additional Subservicer with respect to corporate matters; 

(v) an Opinion of Counsel from counsel to the Additional Subservicer with respect to the true sale of Loans sold by the
Additional Subservicer and the non consolidation of the Additional Subservicer with the Depositor; and 
 (vi) an
Officer’s Certificate stating that all conditions precedent to the effectiveness of such Accession are satisfied. 

  
 E-1 

 EXHIBIT F 

RULE 15GA-1 INFORMATION 
  

									
	Reporting Period:	 	  
	  		  		  	

  

	 ̈	Check here if nothing to report. 

  

																													
	Asset
Class	 	 Shelf	 	 Series
 Name	 	 CIK	 	 Originator	 	 Loan
 No.	 	 Servicer
 Loan No.	 	 Outstanding
 Principal
 Balance	 	 Repurchasing
 Type	 	  Indicate Repurchase Activity During the Reporting Period by Checkmark or

 by Date Reference (as Applicable)
	 	 
	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 Subject to
 Demand	 	Repurchased
or Replaced	 	Repurchase
Pending	 	Demand
in Dispute	 	Demand
Withdrawn	 	Demand
Rejected

 TERMS AND DEFINITIONS 

NOTE: Any date included on this report is subject to the descriptions below. Dates referenced on this report for this Transaction where the
Servicer is not the Repurchase Enforcer (as defined below), availability of such information may be dependent upon information received from other parties. 

References to “Repurchaser” shall mean the party obligated under the Transaction Documents to repurchase a Loan. References
to “Repurchase Enforcer” shall mean the party obligated under the Transaction Documents to enforce the obligations of any Repurchaser. 

Outstanding Principal Balance: For purposes of this report, the Outstanding Principal Balance of a Loan in this Transaction equals the
remaining outstanding principal balance of the Loan reflected on the distribution or payment reports at the end of the related reporting period, or if the Loan has been liquidated prior to the end of the related reporting period, the final
outstanding principal balance of the Loan reflected on the distribution or payment reports prior to liquidation. 
 Subject to
Demand: The date when a demand for repurchase is identified and coded by the Servicer or Indenture Trustee as a repurchase related request. 

Repurchased or Replaced: The date when a Loan is repurchased or replaced. To the extent such date is unavailable, the date upon which
the Servicer or Indenture Trustee obtained actual knowledge a Loan has been repurchased or replaced. 
 Repurchase Pending: A Loan is
identified as “Repurchase Pending” when a demand notice is sent by the Indenture Trustee, as Repurchase Enforcer, to the Repurchaser. A Loan remains in this category until (i) a Loan has been Repurchased, (ii) a request is
determined to be a “Demand in Dispute,” (iii) a request is determined to be a “Demand Withdrawn,” or (iv) a request is determined to be a “Demand Rejected.” 

With respect to the Servicer only, a Loan is identified as “Repurchase Pending” on the date (y) the Servicer sends
notice of any request for repurchase to the related Repurchase Enforcer, or (z) the Servicer receives notice of a repurchase request but determines it is not required to take further action regarding such request pursuant to its obligations
under the applicable Transaction Documents. The Loan will remain in this category until the Servicer 

  
 F-1 

 
receives actual knowledge from the related Repurchase Enforcer, Repurchaser, or other party, that the repurchase request should be changed to “Demand in Dispute”, “Demand
Withdrawn”, “Demand Rejected”, or “Repurchased.” 
 Demand in Dispute: Occurs
(i) when a response is received from the Repurchaser which refutes a repurchase request, or (ii) upon the expiration of any applicable cure period. 

Demand Withdrawn: The date when a previously submitted repurchase request is withdrawn by the original requesting party. To the extent
such date is not available, the date when the Servicer or the Indenture Trustee receives actual knowledge of any such withdrawal. 

Demand Rejected: The date when the Indenture Trustee, as Repurchase Enforcer, has determined that it will no longer pursue enforcement
of a previously submitted repurchase request. To the extent such date is not otherwise available, the date when the Servicer receives actual knowledge from the Indenture Trustee, as Repurchase Enforcer that it has determined not to pursue a
repurchase request. 

  
 F-2 

 EXHIBIT G 

LIMITED POWER OF ATTORNEY 

WELLS FARGO BANK, N.A (a national banking association, whose address is Sixth Street and Marquette Avenue, MAC N9311-161, Minneapolis,
Minnesota 55479) (the “Grantor”), hereby makes, constitutes and appoints each of ONEMAIN FINANCIAL, INC. (a Delaware corporation) (the “Servicer”),
and ONEMAIN FINANCIAL, INC. (a Hawaii corporation), ONEMAIN FINANCIAL SERVICES, INC. (a Minnesota corporation) and ONEMAIN
FINANCIAL, INC. (a West Virginia corporation) (the “Subservicers”) (each Subservicer and the Servicer individually and collectively, the “Grantee”), by and through themselves, their
affiliates and their permitted subcontractors, and their respective officers, designees and attorneys-in-fact, its true and lawful Attorneys-in-Fact with full power of substitution, and hereby authorizes and empowers each Grantee, in the name of and
on behalf of the Grantor, to have full power and authority to take any and all lawful acts which it may deem necessary or desirable to effect the servicing and administration of the Loans pursuant to the Sale and Servicing Agreement, dated as of
July 30, 2014, among the Grantor, as depositor loan trustee (in such capacity, the “Depositor Loan Trustee”) for OneMain Financial Funding II, LLC (the “Depositor”) and as issuer loan trustee (in such capacity,
the “Issuer Loan Trustee”) for OneMain Financial Issuance Trust 2014-2 (the “Issuer”), the Depositor, the Servicer, the Subservicers and the Issuer (the “Sale and Servicing Agreement”), including,
but not limited to: 
 (i) Collecting amounts payable under the Loans, 

(ii) Bringing legal actions, enforcing legal prosecution of claims and pursuing any other appropriate remedies in connection
with the servicing and administration of the Loans, and 
 (iii) Signing, executing, acknowledging, delivering, filing for
record and/or recording on behalf of the Grantor all such documents, reports, filings, instruments, certificates and opinions required in connection with the foregoing, including, without limitation, notices, proofs of claim, affidavits, sworn
statements, agreed orders, stipulations, modification agreements, subordination agreements, endorsements, allonges, assignments, and cancellations of promissory notes or other instruments evidencing secured or unsecured indebtedness; and
assignments, full and partial releases, and terminations of UCC financing statements, motor vehicle liens, or other evidence or instrument of lien or security, 

in each case, to the extent the Servicer or any Subservicer is authorized to take such action pursuant to the Sale and Servicing Agreement. 

The power herein granted to the Attorney-in-Fact shall include the power to name itself as grantee, assignee, or beneficiary of said
instrument or act. 
 The Grantor gives said Attorney-in-Fact full power and authority to execute such instruments and to do and perform all
and every act and thing necessary and proper to carry into effect the power or powers granted by or under this Limited Power of Attorney as fully as the Grantor might or could do, and hereby does ratify and confirm all that said Attorney-in-Fact
shall lawfully do or cause to be done by authority hereof. 

  
 G-1 

 Third parties without actual notice may rely upon the exercise of the power granted under this
Limited Power of Attorney, and may be satisfied that this Limited Power of Attorney shall continue in full force and effect and has not been revoked unless an instrument of revocation has been made in writing by the Grantor. 

[Remainder of Page Intentionally Left Blank] 

  
 G-2 

 
			
	WELLS FARGO BANK, N.A., not in its
	individual capacity but solely as Depositor Loan Trustee
		
	By:		  

	Name:		
	Title:		
	
	WELLS FARGO BANK, N.A., not in its
	individual capacity but solely as Issuer Loan Trustee
		
	By:		  

	Name:		
	Title:		

  
 G-3 

			
	STATE OF		}
			}ss.:
	COUNTY OF		}

 On this      day of             , 2014, before
me, the under-signed officer, personally appeared [                    ], and acknowledged that she, as such [title of trustee[, being authorized so
to do, executed the foregoing instrument for the purposes therein contained, by signing the name of the corporation by herself as [title]]]. 
 In witness
whereof I hereunto set my hand and official seal. 
  

	
	  

	Notary Public

 [Notarial Seal] 

  
 G-4EX-10.18

 Exhibit 10.18 

EXECUTION VERSION 
  

 
  

BACK-UP SERVICING AGREEMENT 

among 
 ONEMAIN
FINANCIAL FUNDING II, LLC, 
 as Depositor, 

WELLS FARGO BANK, N.A., 

as Back-up Servicer, Depositor Loan Trustee, Issuer Loan Trustee and Indenture Trustee, 

ONEMAIN FINANCIAL, INC., 

as Servicer 
 and

 ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2, 

as Issuer 
 July 30,
2014 
  
  

 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I      DEFINITIONS
	  	 	1	  
			
	 Section 1.1
	  	Definitions	  	 	1	  
	 Section 1.2
	  	Usage of Terms	  	 	3	  
	 Section 1.3
	  	Section References	  	 	3	  
		
	 ARTICLE II    ADMINISTRATION AND SERVICING
	  	 	3	  
			
	 Section 2.1
	  	Duties of the Back-up Servicer	  	 	3	  
	 Section 2.2
	  	Special Covenants of the Servicer	  	 	5	  
	 Section 2.3
	  	Representations and Warranties of Back-up Servicer	  	 	8	  
	 Section 2.4
	  	Back-up Servicing Fee; Payment of Expenses by Back-up Servicer; Servicing Transition Costs	  	 	9	  
		
	 ARTICLE III   THE BACK-UP SERVICER
	  	 	10	  
			
	 Section 3.1
	  	Liability of Back-up Servicer; Indemnities	  	 	10	  
	 Section 3.2
	  	Limitation on Liability of Back-up Servicer and Others	  	 	11	  
	 Section 3.3
	  	Corporate Existence	  	 	12	  
	 Section 3.4
	  	Compliance with Law	  	 	12	  
	 Section 3.5
	  	Further Assurances; Access to Records	  	 	12	  
	 Section 3.6
	  	System Maintenance	  	 	12	  
	 Section 3.7
	  	Performance Standard	  	 	12	  
		
	 ARTICLE IV  TERM; TERMINATION
	  	 	12	  
			
	 Section 4.1
	  	Term	  	 	12	  
	 Section 4.2
	  	Back-up Servicer Termination	  	 	12	  
	 Section 4.3
	  	Back-up Servicer Termination Event	  	 	13	  
	 Section 4.4
	  	Consequences of a Back-up Servicer Termination Event	  	 	14	  
		
	 ARTICLE V    MISCELLANEOUS PROVISIONS
	  	 	14	  
			
	 Section 5.1
	  	Waiver; Amendment	  	 	14	  
	 Section 5.2
	  	APPLICABLE LAW	  	 	15	  
	 Section 5.3
	  	Severability of Provisions	  	 	16	  
	 Section 5.4
	  	Assignment	  	 	16	  
	 Section 5.5
	  	Confidentiality	  	 	16	  
	 Section 5.6
	  	Third-Party Beneficiaries	  	 	16	  
	 Section 5.7
	  	Counterparts	  	 	17	  
	 Section 5.8
	  	Notices	  	 	17	  
	 Section 5.9
	  	No Bankruptcy Petition	  	 	19	  
	 Section 5.10
	  	Limited Recourse	  	 	19	  
	 Section 5.11
	  	Limitation of Liability	  	 	20	  

  
 -i- 

			
	Exhibit A		Form of Servicing Centralization Period Notice
	Exhibit B		Form of Servicing Transfer Notice
	Exhibit C		Form of Power of Attorney
		
	Schedule I		Back-up Servicer Servicing Centralization Period Duties

  
 -ii- 

 THIS BACK-UP SERVICING AGREEMENT, dated as of July 30, 2014, is made by and among OneMain
Financial Funding II, LLC, a Delaware limited liability company, as depositor (the “Depositor”), Wells Fargo Bank, N.A., as depositor loan trustee (the “Depositor Loan Trustee”), OneMain Financial, Inc., as servicer
(the “Servicer”), OneMain Financial Issuance Trust 2014-2, a Delaware statutory trust, as issuer (the “Issuer”), Wells Fargo Bank, N.A., as issuer loan trustee (the “Issuer Loan Trustee”), Wells
Fargo Bank, N.A., as back-up servicer (the “Back-up Servicer”), and Wells Fargo Bank, N.A., as the Indenture Trustee (the “Indenture Trustee”). 

W I T N E S S E T H: 
 WHEREAS,
the Depositor, the Depositor Loan Trustee, the Servicer, the Subservicers, the Issuer, and the Issuer Loan Trustee have entered into that certain Sale and Servicing Agreement, dated as of July 30, 2014 (as the same may be amended, restated,
supplemented or otherwise modified from time to time in accordance with the terms thereof, the “Sale and Servicing Agreement”); 

WHEREAS, the Issuer, the Issuer Loan Trustee, the Depositor, the Depositor Loan Trustee, the Servicer and the Indenture Trustee (on behalf of
the Noteholders) desire to obtain the services of the Back-up Servicer to perform certain servicing functions and assume certain obligations with respect to the Sale and Servicing Agreement, all as set forth herein, and the Back-up Servicer has
agreed to perform such functions and assume such obligations; and 
 WHEREAS, for its services hereunder and with respect to the Sale and
Servicing Agreement, the Back-up Servicer will receive a fee payable as described herein; 
 NOW THEREFORE, in consideration for the mutual
agreements contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 

ARTICLE I 
 DEFINITIONS

 Section 1.1 Definitions. Certain capitalized terms in this Agreement are defined in and shall have the respective
meanings assigned to them in Schedule II to the Sale and Servicing Agreement (the “Definitions Schedule”). In addition, the following terms used herein, including in the preamble, recitals, exhibits and schedules hereto, shall have
the following meanings: 
 “Agreement”: This Back-up Servicing Agreement, all amendments and supplements hereto and all
exhibits and schedules to any of the foregoing. 
 “Back-up Servicer Termination Event”: An event described in
Section 4.3. 
 “Back-up Servicing Duties”: The duties defined as such in Section 2.1(d). 

 “Central Lockbox”: A post office box and linked deposit account established and
maintained on behalf of the Back-up Servicer in the name of the Indenture Trustee for the purpose of receiving Collections after the commencement of the Servicing Centralization Period. 

“Continuing Errors”: The meaning specified in Section 3.1(d). 

“Errors”: The meaning specified in Section 3.1(d). 

“Liability”: The meaning specified in Section 3.1(d). 

“Losses”: All costs, expenses, losses, claims, damages and liabilities, of any kind or nature whatsoever. 

“Monthly Data Tape”: The electronic files containing the information necessary for the Servicer to prepare the Monthly
Servicer Report pursuant to Section 3.06 of the Sale and Servicing Agreement. 
 “Obligor Notification”: As defined in
Section 2.2(c)(i). 
 “Permitted Payment Location”: Any payment location operated in conjunction with an
established electronic payment service that is approved in writing by the Servicer, including but not limited to the MoneyGram service. 

“Pre-Centralization Period Duties”: As defined in Section 2.1(a). 

“Servicing Assumption Date”: The date which is a commercially reasonable period of time (not to exceed sixty (60) days)
after receipt by the Back-up Servicer of a Servicing Transfer Notice. 
 “Servicing Centralization Period”: The period
commencing upon receipt by the Back-up Servicer of a Servicing Centralization Period Notice and ending on the receipt by the Back-up Servicer of a Servicing Transfer Notice. 

“Servicing Centralization Period Duties”: As defined in Section 2.1(b). 

“Servicing Centralization Period Notice”: A written notice substantially in the form of Exhibit A hereto from the
Indenture Trustee (acting at the written direction of the Required Noteholders) to the Back-up Servicer (with a copy to the Servicer) advising the Servicer, the Subservicers and the Back-up Servicer of the occurrence of a Servicing Centralization
Trigger Event. 
 “Servicing Centralization Trigger Event”: The Servicer and its Affiliates cease all or substantially all
servicing activity with respect to personal loans. 
 “Servicing Transition Costs”: Reasonable costs and expenses incurred
by the Back-up Servicer in connection with the assumption of its servicing obligations after the Back-up Servicer’s receipt of a Servicing Transfer Notice, not to exceed $250,000. 

  
 -2- 

 “Servicing Transfer Notice”: A written notice substantially in the form of
Exhibit B hereto from the Indenture Trustee to the Back-up Servicer. 
 “Servicing Transition Period”: The period
from the Back-up Servicer’s receipt of a Servicing Transfer Notice to the Servicing Assumption Date. 
 “Third Party”:
The meaning specified in Section 3.1(d). 
 Section 1.2 Usage of Terms. The rules of construction set forth in Part
B of the Definitions Schedule shall be applicable to this Agreement. In addition, with respect to all terms used in this Agreement, the singular includes the plural and the plural the singular; words importing any gender include the other gender;
references to “writing” include printing, typing, lithography and other means of reproducing words in a visible form; references to agreements and other contractual instruments include schedules and exhibits thereto and all subsequent
amendments, modifications and changes thereto or therein entered into in accordance with their respective terms and not prohibited by this Agreement; references to Persons include their permitted successors and assigns; and the terms
“include” or “including” mean “include without limitation” or “including without limitation.” 

Section 1.3 Section References. All references to Articles, Sections, paragraphs, subsections, exhibits and schedules shall be to
such portions of this Agreement unless otherwise specified. 
 ARTICLE II 

ADMINISTRATION AND SERVICING 

Section 2.1 Duties of the Back-up Servicer. 

(a) Pre-Centralization Period Duties. The Back-up Servicer agrees to perform the following duties as of the Closing Date (collectively,
the “Pre-Centralization Period Duties”) on behalf of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee for the benefit of the Noteholders, in accordance with the terms of this Agreement:

 (i) The Back-up Servicer shall, in cooperation and consultation with the Servicer, review the servicing procedures and
systems of the Servicer and adopt such changes or other modifications to the systems of the Back-up Servicer as are reasonably necessary to ensure that the Back-up Servicer is able to perform its duties and obligations during the Servicing
Centralization Period, during the Servicing Transition Period and following the Servicing Assumption Date, in each case, solely to the extent contemplated herein; 

(ii) No later than three (3) Business Days prior to each Monthly Determination Date, the Servicer shall deliver the
Monthly Data Tape for the immediately preceding Collection Period to the Back-up Servicer, and the Back-up Servicer shall (A) review such Monthly Data Tape to confirm that the information contained therein appears to be readable on its face and
that it is in a format reasonably acceptable to the Back-up Servicer; (B) using the data contained therein, confirm the 

  
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following calculations and compare the same against the calculations reflected in the Monthly Servicer Report: Adjusted Loan Principal Balance, Aggregate Note Principal Balance, Back-up Servicing
Fee, Class A Monthly Interest Amount, Class A Note Balance, Class B Monthly Interest Amount, Class B Note Balance, Class C Monthly Interest Amount, Class C Note Balance, Class D Monthly Interest Amount, Class D Note Balance, Aggregate
Adjusted Loan Principal Balance of Delinquent Loans, First Priority Principal Payment, Second Priority Principal Payment, Monthly Net Loss Percentage, Regular Principal Payment Amount, aggregate Loan Action Date Loan Principal Balance, and Servicing
Fee; and (C) provide notice of discrepancies to the Servicer no later than five (5) Business Days after receipt of the Monthly Date Tape; and 

(iii) Not less than once per twelve-month period, the Back-up Servicer shall meet with the Servicer’s management at a
telephonic meeting coordinated by the Servicer or at the Servicer’s corporate headquarters, as agreed upon by the Back-up Servicer and the Servicer, to discuss any material changes to the Servicer’s servicing processes and procedures
adopted by the Servicer during such twelve-month period. If the Back-up Servicer elects that any such meeting should be held at the headquarters of the Servicer, the Back-up Servicer shall bear its own costs in connection therewith. 

(b) Servicing Centralization Period Duties. Unless a Servicing Transfer has already occurred, during the Servicing Centralization
Period, the Back-up Servicer may perform, in addition to the duties set forth in Section 2.1(a), each of the duties and actions set forth on Schedule I hereto and any other action, in each case, to the extent the Back-up Servicer
deems necessary to ensure its preparedness to act as Servicer (collectively, the “Servicing Centralization Period Duties”) on behalf of the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, and the Indenture Trustee,
for the benefit of the Noteholders, in accordance with the terms of this Agreement. 
 (c) Servicing Transition Period Duties. Upon
the earlier of (x) the delivery of a Termination Notice to the Servicer pursuant to Section 8.01 of the Sale and Servicing Agreement or (y) the resignation of the Servicer pursuant to Section 6.05 of the Sale and Servicing
Agreement, the Indenture Trustee shall deliver a Servicing Transfer Notice to the Back-up Servicer. The Back-up Servicer agrees to assume the duties and obligations, and it shall be entitled to the rights, of the Servicer under the Sale and
Servicing Agreement, except as otherwise set forth herein, as of the applicable Servicing Assumption Date, which duties and obligations shall be deemed to include the duties and obligations of the Servicer under Sections 2.2(a) and
2.2(b)(i), (ii) and (iv) hereof to the extent not completed by the Servicer prior to the delivery of a Servicing Transfer Notice. Upon receipt of a Servicing Transfer Notice, the Back-up Servicer shall (i) no
longer be required to perform either the Pre-Centralization Period Duties or the Servicing Centralization Period Duties (except to the extent necessary to comply with the following clause (ii)) and (ii) promptly begin to assume on behalf of the
Servicer all servicing duties and functions with respect to the Loans as described under the Sale and Servicing Agreement and, not later than the Servicing Assumption Date, have fully assumed all such duties and functions. 

(d) Duties as of the Servicing Assumption Date. Upon the occurrence of the Servicing Assumption Date, the Servicer hereby irrevocably
authorizes and grants to the Back-up 

  
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Servicer and shall cause each Subservicer irrevocably to authorize and grant to the Back-up Servicer an irrevocable power-of-attorney to take any and all steps in the Servicer’s or such
Subservicer’s name, as applicable, and on behalf of the Servicer or Subservicer, as applicable, that are necessary or desirable to perform its duties as successor Servicer under the Sale and Servicing Agreement (collectively, together with the
Pre-Centralization Duties and the Servicing Centralization Period Duties, the “Back-up Servicing Duties”). 
 Other than
the duties specifically set forth in this Agreement, the Back-up Servicer shall have no obligations hereunder, including, without limitation, to supervise, verify, monitor or administer the performance of the Servicer, except, if at all, in its
capacity as successor Servicer. The Back-up Servicer shall have no liability for any actions taken or omitted by the Servicer, except, in its capacity, if at all, as successor Servicer. In addition, and notwithstanding anything else contained in
this Section 2.1, the Back-up Servicer, as the successor Servicer, and its successors or assigns, shall have (i) no liability with respect to any obligation which was required to be performed by the predecessor Servicer prior to the
date that the successor Servicer becomes the Servicer or any claim of a third party based on any alleged action or inaction of the predecessor Servicer, (ii) no obligation to perform any repurchase or advancing obligations, if any, of the
Servicer, (iii) no obligation to pay any taxes required to be paid by the Servicer, (iv) no obligation to pay any of the fees and expenses of any other party involved in this transaction and (v) no liability or obligation with respect
to any Servicer indemnification obligations of any prior servicer including the original servicer. The indemnification obligations of the Back-up Servicer are limited to those set forth in Section 3.1(b). 

Section 2.2 Special Covenants of the Servicer. 

(a) The Servicer covenants and agrees that, from and after the Closing Date, it shall: 

(i) with respect to each month following the Closing Date, deliver to the Back-up Servicer (A) as and when required under
Section 3.06 of the Sale and Servicing Agreement, a Monthly Servicer Report, and (B) pursuant to Section 2.1(a)(ii) hereof, the Monthly Data Tape; 

(ii) if it elects to exercise its option, at its sole discretion, to maintain custody of the Loan Notes representing Additional
Loans as part of implementing its own imaging system, the Servicer shall (a) deliver, or shall cause to be delivered, to the Back-up Servicer a notice informing the Back-up Servicer of the Servicer’s election no later than ten
(10) Business Days after the Servicer maintains custody of any Loan Notes representing Additional Loans and (b) scan all Loan Notes into electronic files at or accessible from the Servicer’s headquarters; 

(iii) develop a protocol for implementing the changes in payment instructions and procedures contemplated herein; and 

(iv) notify the Indenture Trustee upon the occurrence of a Servicing Centralization Trigger Event. 

  
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 (b) The Servicer covenants and agrees that, upon receipt of a Servicing Centralization Period
Notice, (x) it shall cooperate with the Back-up Servicer in its performance of the duties and actions set forth on Schedule I hereto and (y) it shall: 

(i) promptly establish and maintain the Central Lockbox; 

(ii) promptly commence, and within six (6) months thereafter complete, the distribution of written notices to all Loan
Obligors instructing them to direct payments to the Central Lockbox or to a Permitted Payment Location; 
 (iii) promptly
commence, and within six (6) months thereafter complete, the implementation of new procedures regarding acceptance of payments constituting Collections at branch locations of the Servicer and the Subservicers as follows: (a) deliver to
Loan Obligors that “walk-in” to remit Collections written materials encouraging remittance of Collections to the Central Lockbox or to a Permitted Payment Location and (b) discontinue accepting cash payments at branch locations with
respect to the Loans; 
 (iv) to the extent any cash payments constituting Collections are received by the Servicer, promptly
(and in any event not more than two (2) Business Days following receipt thereof) remit all such Collections to the Central Lockbox; 

(v) unless otherwise prohibited by any applicable Requirements of Law, contact all Loan Obligors of Loans with respect to which
one or more required payment is past due not later than seven (7) days after the due date thereof regarding all delinquent payments; 

(vi) make available to the Back-up Servicer any imaged files of the Loan Notes held in the custody of the Servicer (or its
designees); and 
 (vii) not later than six (6) months after receipt of the Servicing Centralization Period Notice,
deliver all Loan Notes and Loan Agreements previously held by the Servicer or any Subservicer, to the Custodian, in its capacity as Custodian pursuant to the terms of the Custodian Agreement; provided, that with respect to any such Loan Notes
and Loan Agreements delivered to the Custodian pursuant to this clause (vii), the Custodian shall provide the Servicer reasonable access to such Loan Notes and Loan Agreements. For the avoidance of doubt, any Loan Agreements to be delivered pursuant
to this subsection relate to the Loans for which the Loan Notes are held by the Custodian pursuant to the Custodian Agreement. 
 (c) The
Servicer covenants and agrees that, upon receipt of a Servicing Transfer Notice: 
 (i) in compliance with applicable
Requirements of Law, it shall send each Loan Obligor written notice (an “Obligor Notification”) containing the following information: (A) the Servicing Assumption Date, (B) the address, telephone number and department of
the Back-up Servicer which is able to answer questions regarding billing, (C) notification that the legal terms and conditions of such Loan Obligor’s obligations 

  
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will not be affected by the servicing transfer and (D) instructions as to how to handle any Loan related questions. The Back-up Servicer will consult with the Servicer concerning the form of
any such Obligor Notification. If the Servicer has failed to send any Obligor Notification within thirty (30) days after the date of delivery of the applicable Servicing Transfer Notice, the Back-up Servicer shall send such a notice to each
such Loan Obligor on the Servicer’s stationery (if such stationery is reasonably available) within forty-five (45) days after the date of delivery of the Servicing Transfer Notice. The Servicer will provide the Back-up Servicer with its
stationery in an amount sufficient to allow for the sending of the Obligor Notifications described in this Section 2.2(c)(i). The Servicer hereby irrevocably appoints the Back-up Servicer as its attorney-in-fact for the purpose of
sending such Obligor Notifications; 
 (ii) it shall cooperate with the Issuer, the Issuer Loan Trustee, the Noteholders, the
Indenture Trustee and the Back-up Servicer in effecting the termination of the responsibilities and rights of the Servicer under the Sale and Servicing Agreement, including, without limitation, providing access to the Back-up Servicer as set forth
in Section 8.01 of the Sale and Servicing Agreement and transferring to the Back-up Servicer all authority of the Servicer to service the Loans provided for under the Sale and Servicing Agreement, including all authority over all Collections
which shall have been deposited in the Central Lockbox, or which shall thereafter be received with respect to the Loans; 

(iii) it shall make available to the Back-up Servicer any imaged files of the Loan Notes held in the custody of the Servicer
(or its designees); 
 (iv) it shall provide to the Back-up Servicer within forty-five (45) days after receipt thereof
all necessary servicing files and records (including the “authoritative copy,” as defined in the New York Uniform Commercial Code Section 9-105, if any, relating to any Loan Note) relating to the Loans (as deemed necessary by the
Back-up Servicer at such time), and a computer tape containing as of the end of the calendar month immediately preceding the Servicing Assumption Date all of the data maintained by the Servicer in computer format in connection with servicing the
Loans; 
 (v) it shall make available to the Back-up Servicer key management personnel to assist with the transfer of
servicing; and 
 (vi) it shall furnish the Back-up Servicer with any powers of attorney, in substantially the form attached
as Exhibit C hereto, and any other documents reasonably necessary or appropriate to enable the Back-up Servicer to carry out its duties as successor servicer pursuant to the Sale and Servicing Agreement. 

(d) The Servicer covenants and agrees that on and after the Servicing Assumption Date, it shall not, unless otherwise directed by the
Indenture Trustee (acting at the written direction of the Required Noteholders) or the Back-up Servicer as successor to the Servicer in writing, (i) send invoices, bills, requests for payment or other similar mailings to any Loan Obligor or
(ii) make collections calls or otherwise administer or service the Loans. During the Servicing Transition Period, it shall not be a violation of this Section 2.2(d) if the Servicer 

  
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receives telephone calls from Loan Obligors and takes the following actions in connection therewith: (x) providing to such Loan Obligor with the information included in Obligor Notification
previously provided to such Loan Obligor pursuant to Section 2.2(c)(i) hereof, (y) sending, emailing or faxing a replacement Obligor Notification to a Loan Obligor who indicates that such Obligor Notification was misplaced or was
not received or (z) making any communication that is required to be made by a party transferring servicing or administration of a consumer loan under any applicable Requirements of Law. 

Section 2.3 Representations and Warranties of Back-up Servicer. By its execution and delivery of this Agreement, the Back-up
Servicer makes the following representations and warranties. The Back-up Servicer represents, warrants and covenants as of the date of execution and delivery of this Agreement: 

(i) Organization and Good Standing. The Back-up Servicer has been duly organized and is validly existing and in good
standing under the laws of its jurisdiction of organization, with power, authority and legal right to own its properties and to conduct its business as such properties are currently owned and such business is currently conducted, and has power,
authority and legal right to enter into and perform its obligations under this Agreement; 
 (ii) Due Qualification.
The Back-up Servicer is duly qualified to do business and is in good standing, and has obtained all necessary licenses and approvals in all jurisdictions where the failure to do so would materially and adversely affect the performance of its
obligations under this Agreement; 
 (iii) Power and Authority. The Back-up Servicer has the power and authority to
execute and deliver this Agreement and to carry out the terms hereof, and the execution, delivery and performance of this Agreement have been duly authorized by the Back-up Servicer by all necessary corporate action; 

(iv) Binding Obligation. This Agreement shall constitute the legal, valid and binding obligation of the Back-up
Servicer, enforceable in accordance with its terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditor’s rights generally and by equitable limitations on
the availability of specific remedies, regardless of whether such enforceability is considered in a proceeding in equity or at law; 

(v) No Violation. The execution and delivery of this Agreement, the consummation of the transactions contemplated by
this Agreement, and the fulfillment of the terms hereof, shall not conflict with, result in any breach of any of the terms and provisions of, or constitute (with or without notice or lapse of time, or both) a default under, the certificate of
incorporation or bylaws of the Back-up Servicer, or any indenture, agreement, mortgage, deed of trust or other instrument to which the Back-up Servicer is a party or by which it is bound, or result in the creation or imposition of any adverse claim
upon any of its properties pursuant to the terms of any such indenture, agreement, mortgage, deed of trust or other instrument, other than this Agreement, or violate any law, order, rule or regulation applicable to the Back-up Servicer of any court
or of any federal or state regulatory body, administrative agency or other governmental instrumentality having jurisdiction over the Back-up Servicer or any of its properties; 

  
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 (vi) No Proceedings. There are no proceedings or investigations pending
or, to the Back-up Servicer’s knowledge, threatened against the Back-up Servicer, before any court, regulatory body, administrative agency or other tribunal or governmental instrumentality having jurisdiction over the Back-up Servicer or its
properties (1) asserting the invalidity of this Agreement, (2) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or (3) seeking any determination or ruling that might materially and
adversely affect the performance by the Back-up Servicer of its obligations under, or the validity or enforceability of, this Agreement; 

(vii) No Consents. The Back-up Servicer is not required to obtain the consent of any other party or any consent,
license, approval or authorization, or registration or declaration with, any governmental authority, bureau or agency in connection with the execution, delivery, performance, validity or enforceability of this Agreement; and 

(viii) Compliance with Law. The Back-up Servicer is in compliance in all material respects with the Requirements of Law
and all orders, writs, injunctions and decrees applicable to it or to its properties, except in such instances in which (1) such Requirements of Law or order, writ, injunction or decree is being contested in good faith by appropriate
proceedings diligently conducted or (2) the failure to comply therewith, either individually or in the aggregate, could not reasonably be expected to have a material adverse effect. 

Section 2.4 Back-up Servicing Fee; Payment of Expenses by Back-up Servicer; Servicing Transition Costs. The Back-up Servicer shall
be entitled to receive (x) on each Payment Date, the Back-up Servicing Fee in accordance with Section 8.06 of the Indenture and (y) from the Servicer, (i) indemnification payments in accordance with Section 3.1 hereof
and (ii) reimbursement of reasonable and documented out-of-pocket expenses (including legal fees of external counsel) of the Back-up Servicer incurred in connection with the performance of its duties hereunder. The Back-up Servicer shall be
required to pay all expenses incurred by it in connection with its activities under this Agreement (including taxes imposed on the Back-up Servicer and all expenses incurred in connection with reports delivered hereunder); provided,
however, that the Back-up Servicer shall be entitled to seek reimbursement from the Servicer for any Servicing Transition Costs incurred by the Back-up Servicer to be paid promptly by the Servicer following its receipt of a written accounting
thereof in reasonable detail from the Back-up Servicer; provided, further, that to the extent the Servicer does not pay any such Servicing Transition Costs or any of the amounts described in clause (y) of the immediately preceding
sentence, within sixty (60) days following written demand (which shall be accompanied by appropriate documentation) therefor, the Back-up Servicer shall be entitled to receive payment of such unpaid amounts in accordance with Section 8.06
of the Indenture. 

  
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 ARTICLE III 

THE BACK-UP SERVICER 

Section 3.1 Liability of Back-up Servicer; Indemnities. 

(a) The Back-up Servicer shall be liable hereunder only to the extent of the obligations in this Agreement specifically undertaken by the
Back-up Servicer and the representations made by the Back-up Servicer. Other than as specifically set forth in this Back-up Servicing Agreement, the Back-up Servicer shall have no obligation to supervise, verify, monitor or administer the
performance of the Servicer and shall have no liability for any action taken or omitted to be taken by the Servicer. 
 (b) The Back-up
Servicer shall indemnify, defend and hold harmless the Servicer, the Indenture Trustee, the Noteholders and their respective officers, directors, agents and employees from and against any and all Losses to the extent that such Losses arose out of,
or were imposed upon the Servicer, the Indenture Trustee or the Noteholders through the Back-up Servicer’s gross negligence, willful misconduct or bad faith (excluding errors in judgment) of the Back-up Servicer in the performance of its duties
under this Agreement or by reason of reckless disregard of its obligations and duties under this Agreement or any violation of law by the Back-up Servicer. 

(c) The Servicer shall indemnify, defend and hold harmless the Back-up Servicer and its officers, directors, agents and employees from and
against any and all Losses to the extent that such Losses arose out of, or were imposed upon the Back-up Servicer directly or indirectly relating to, or arising from, the Back-up Servicer’s participation in the transactions contemplated hereby,
except to the extent that any such Losses relate to or arise from the Back-up Servicer’s gross negligence, willful misconduct or bad faith (excluding errors in judgment) of the Back-up Servicer in the performance of its duties under this
Agreement or by reason of reckless disregard of its obligations and duties under this Agreement. 
 (d) The Back-up Servicer may accept and
reasonably rely in good faith on all accounting and servicing records and other documentation provided to the Back-up Servicer by or at the direction of the Servicer, including documents prepared or maintained by any originator, or previous
servicer, or any party providing services related to the Loans (collectively “Third Party”). Notwithstanding anything provided hereunder, the Servicer agrees to indemnify and hold harmless the Back-up Servicer, its respective
officers, employees and agents against any and all claims, losses, penalties, fines, forfeitures, legal fees and related costs, judgments and any other costs, fees and expenses that the Back-up Servicer may sustain in any way related to the gross
negligence, willful misconduct, bad faith or reckless disregard of the Servicer’s obligations and duties, or any violation of law by the Servicer or of any Third Party with respect to the Loans. The Back-up Servicer shall have no duty,
responsibility, obligation or liability (collectively “Liability”) for the acts or omissions of any such Third Party. If any error, inaccuracy or omission (collectively “Errors”) exists in any information provided
to the Back-up Servicer and such Errors cause or materially contribute to the Back-up Servicer making or continuing any Error (collectively “Continuing Errors”), the Back-up Servicer shall have no Liability for such Continuing
Errors; provided, however, that this provision shall not protect the 

  
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Back-up Servicer against any liability which would otherwise be imposed by reason of misconduct, bad faith, negligence, reckless disregard of its obligations and duties under this Agreement in
correcting any Error or in the performance of its duties contemplated herein. 
 In the event the Back-up Servicer becomes aware of Errors
and/or Continuing Errors that, in the opinion of the Back-up Servicer, impair its ability to perform its services hereunder, the Back-up Servicer shall promptly notify the Servicer and the Indenture Trustee of such Errors and/or Continuing Errors.
The Back-up Servicer shall discuss such Errors with the Servicer, and the Servicer and the Back-up Servicer shall use their reasonable efforts to correct such Errors. If after such discussion such Errors are not promptly corrected, the Back-up
Servicer may undertake to reconstruct any data or records appropriate to correct such Errors and/or Continuing Errors and to prevent future Continuing Errors. The Back-up Servicer shall be entitled to reasonable compensation and recovery of costs
thereby expended. 
 (e) Indemnification under this Section 3.1 shall include, without limitation, reasonable fees and expenses of
counsel (excluding counsel which are employees of the Back-up Servicer) and expenses of litigation. If the indemnifying party has made any indemnity payments pursuant to this Section 3.1 and the recipient thereafter collects any of such amounts
from others, the recipient shall promptly repay such amounts collected to the indemnifying party, together with any interest earned thereon. 

(f) Notwithstanding anything to the contrary herein, in no event shall the Back-up Servicer or the Servicer be liable for punitive, special,
indirect, or consequential damages of any kind whatsoever, including but not limited to lost profits, even if the Back-up Servicer or the Servicer, as applicable, has been advised of the likelihood of such loss or damage and regardless of the form
of action. 
 (g) The provisions of this Section 3.1 shall survive the termination of this Agreement. 

Section 3.2 Limitation on Liability of Back-up Servicer and Others. Neither the Back-up Servicer nor any of the directors,
officers, employees or agents of the Back-up Servicer shall be under any liability to the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Depositor, the Depositor Loan Trustee for the benefit of the Depositor or the Indenture
Trustee except as provided in this Agreement, for any action taken or for refraining from the taking of any action in good faith pursuant to this Agreement; provided, however, that this provision shall not protect the Back-up Servicer
or any such Person against any liability that would otherwise be imposed by reason of willful misconduct, bad faith or gross negligence in the performance of duties, or by reason of reckless disregard of obligations and duties under this Agreement
or any violation of law by the Back-up Servicer or such Person, as the case may be. The Back-up Servicer and any director, officer, employee or agent of the Back-up Servicer may rely in good faith on the advice of counsel (including but not limited
to counsel who may be employees of the Back-up Servicer) or on any document of any kind prima facie properly executed and submitted by any Person respecting any matters arising under this Agreement other than any document that the
Back-up Servicer is required to confirm or verify pursuant to its Pre-Centralization Period Duties. 

  
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 Section 3.3 Corporate Existence. The Back-up Servicer shall maintain its existence
and rights as a national banking association under the laws of the United States. 
 Section 3.4 Compliance with Law. The
Back-up Servicer shall duly satisfy all other obligations on its part to be fulfilled under or in connection with its obligations hereunder, shall maintain in effect all qualifications required under Requirements of Law in order to fulfill its
obligations hereunder, and shall comply in all respects with all other Requirements of Law in connection with its obligations hereunder. 

Section 3.5 Further Assurances; Access to Records. At any time or from time to time, upon the request of the Indenture Trustee (at
the written direction of any Noteholder), the Back-up Servicer will, at the Servicer’s expense, promptly execute, acknowledge and deliver such further documents and do such other acts and things as the Indenture Trustee may reasonably request
in order to effect fully the purposes of this Agreement, including providing the Indenture Trustee with any information reasonably requested in order to comply with Requirements of Law, subject to prior notice and approval of the Servicer (such
approval not to be unreasonably withheld or delayed). The Back-up Servicer agrees to provide access to its records related to its obligations and duties hereunder to the Servicer, the Noteholders and the Indenture Trustee upon reasonable notice and
during normal business hours. 
 Section 3.6 System Maintenance. The Back-up Servicer will maintain or cause to be maintained
gateways, hardware, software, systems and otherwise maintain or caused to be maintained a technology platform that will enable the Back-up Servicer to fulfill its obligations hereunder at all times. 

Section 3.7 Performance Standard. The Back-up Servicer, in its capacity as Back-up Servicer and successor Servicer, and all of its
employees performing the services described hereunder will perform such services in accordance with industry standards applicable to the performance of such services, and with the same degree of care as it applies to the performance of such services
for any assets which the Back-up Servicer holds for its own account and accounts it holds for others. 
 ARTICLE IV 

TERM; TERMINATION 

Section 4.1 Term. The provisions of this Agreement and the duties and obligations of the Back-up Servicer hereunder shall commence
on the date hereof and shall continue in full force and effect until the earliest of (i) if Wells Fargo Bank, N.A. is not then the successor Servicer, the date the Sale and Servicing Agreement is terminated, (ii) the date on which the
Back-up Servicer has been appointed as “Servicer” under the Sale and Servicing Agreement and has assumed all duties and obligations of the “Servicer” thereunder, and (iii) the date of termination pursuant to this Article IV.

 Section 4.2 Back-up Servicer Termination. 

(a) Prior to the time the Back-up Servicer receives a Servicing Transfer Notice, the Indenture Trustee (acting at the written direction of the
Required Noteholders) may terminate this Agreement for any reason in its sole judgment and discretion upon delivery of ninety (90) calendar days’ advance written notice to the Back-up Servicer of such termination. 

  
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 (b) Prior to the time the Back-up Servicer and the Servicer receive a Servicing Transfer Notice,
the Back-up Servicer may resign as Back-up Servicer only upon determination that the performance of its duties shall no longer be permissible under applicable law or that compliance with any applicable law would result in a material adverse impact
on the Back-up Servicer’s financial condition; provided, that no such resignation shall be effective until a successor Back-up Servicer acceptable to the Indenture Trustee (acting at the written direction of the Required Noteholders) and
the Servicer (which consent shall not be unreasonably withheld or delayed) has been appointed and has assumed the responsibilities of the Back-up Servicer hereunder. In the event that the Back-up Servicer delivers notice pursuant to the foregoing
sentence, the Servicer agrees to cooperate with the Indenture Trustee, and to take such actions as the Indenture Trustee may reasonably request, in order to appoint a replacement Back-up Servicer as promptly as possible. 

Section 4.3 Back-up Servicer Termination Event. For purposes of this Agreement, each of the following shall constitute a Back-up
Servicer Termination Event: 
 (a) Failure on the part of the Back-up Servicer to duly observe or perform in any material respect any
covenant or agreement of the Back-up Servicer set forth in this Agreement, which failure continues unremedied for a period of ten (10) Business Days after the date on which a responsible officer of the Back-up Servicer had actual knowledge of
such failure or on which written notice of such failure, requiring the same to be remedied, shall have been given to the Back-up Servicer by the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, or the Indenture Trustee (acting at the
written direction of the Required Noteholders); 
 (b) (i) The commencement of a case under the federal bankruptcy laws, as now or
hereinafter in effect, or another present or future, federal or state bankruptcy, insolvency, receivership, conservatorship or similar law, or the Back-up Servicer becomes subject to a receivership under the orderly liquidation authority pursuant to
the Dodd- Frank Act and regulations adopted in accordance therewith, and such case is not dismissed within forty five (45) calendar days; or (ii) the entry of a decree or order for relief by a court or regulatory authority having
jurisdiction in respect of the Back-up Servicer in a case under the federal bankruptcy laws, as now or hereafter in effect, or another present or future, federal or state bankruptcy, insolvency, receivership, conservatorship or similar law, or
appointing a conservator, receiver, liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Back-up Servicer or of any substantial part of its properties or ordering the winding up or liquidation of the affairs of the
Back-up Servicer; 
 (c) The commencement by the Back-up Servicer of a voluntary case under the federal bankruptcy laws, as now or hereafter
in effect, or any other present or future, federal or state bankruptcy, insolvency, receivership, conservatorship or similar law, or the consent by the Back-up Servicer to the appointment of or taking possession by a conservator, receiver,
liquidator, assignee, trustee, custodian, sequestrator or other similar official of the Back-up Servicer or of any substantial part of its property or the making by the Back-up Servicer of an assignment for the benefit of creditors or the failure by
the Back-up Servicer generally to pay its 

  
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debts as such debts become due or the taking of corporate action by the Back-up Servicer in furtherance of any of the foregoing, or the consent by the Back-up Servicer to become subject to a
receivership under the orderly liquidation authority pursuant to the Dodd-Frank Act and regulations adopted in accordance therewith; or 

(d) Any representation, warranty or statement of the Back-up Servicer made in this Agreement or any certificate, report or other writing
delivered by the Back-up Servicer pursuant hereto shall prove to be incorrect in any material respect as of the time when the same shall have been made and, within ten (10) Business Days after the Back-up Servicer had actual knowledge thereof
or written notice thereof shall have been given to a responsible officer of the Back-up Servicer by the Issuer, the Issuer Loan Trustee for the benefit of the Issuer or the Indenture Trustee (acting at the written direction of the Required
Noteholders), the circumstances or condition in respect of which such representation, warranty or statement was incorrect shall not have been waived, eliminated or otherwise cured. 

Section 4.4 Consequences of a Back-up Servicer Termination Event. If a Back-up Servicer Termination Event shall occur and be
continuing, the Indenture Trustee (acting at the written direction of the Required Noteholders) shall, by notice given in writing to the Back-up Servicer, terminate all of the rights and obligations of the Back-up Servicer under this Agreement,
except as set forth in Section 3.1(g). On or after the receipt by the Back-up Servicer of such written notice, all authority, power, obligations and responsibilities of the Back-up Servicer under this Agreement shall be terminated,
provided, however, that any indemnification obligations and rights to indemnification of the terminated Back-up Servicer shall survive in full force and effect following such termination. The terminated Back-up Servicer agrees to
cooperate with the Servicer and the Indenture Trustee in effecting the termination of the responsibilities and rights of the terminated Back-up Servicer under this Agreement. 

ARTICLE V 

MISCELLANEOUS PROVISIONS 

Section 5.1 Waiver; Amendment. 

(a) This Agreement may be amended from time to time by the Back-up Servicer, the Servicer, the Issuer, the Issuer Loan Trustee for the benefit
of the Issuer and the Indenture Trustee, by a written instrument signed by each of them, but without consent of any of the Noteholders, (i) to correct or supplement any provisions herein which may be inconsistent with any other provisions
herein, or (ii) to add any other provisions with respect to matters or questions arising under this Agreement which shall not be inconsistent with the provisions of this Agreement; provided, however, that such action shall not
adversely affect in any material respect the interest of any of the Noteholders as evidenced by an Officer’s Certificate of the Issuer to such effect. Additionally, this Agreement may be amended from time to time by the Back-up Servicer, the
Servicer, the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee, by a written instrument signed by each of them, but without the consent of any of the Noteholders; provided that (i) the Issuer shall
have delivered to the Indenture Trustee an Officer’s Certificate, dated the date of any such amendment, stating that the Issuer reasonably believes that such amendment will not have an Adverse Effect and (ii) the Rating Agency Condition
shall have been satisfied with respect to any such amendment. 

  
 -14- 

 (b) This Agreement may also be amended from time to time by the Back-up Servicer, the Servicer,
the Issuer, the Issuer Loan Trustee for the benefit of the Issuer and the Indenture Trustee, with the consent of the Required Noteholders, for the purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of
this Agreement or of modifying in any manner the rights of the Noteholders. 
 (c) Promptly after the execution of any such amendment or
consent, the Issuer shall furnish notification of the substance of such amendment to the Servicer, the Issuer Loan Trustee for the benefit of the Issuer, the Indenture Trustee and each Noteholder, and the Servicer shall furnish notification of the
substance of such amendment to each Rating Agency. 
 (d) It shall not be necessary for the consent of Noteholders under this
Section 5.1 to approve the particular form of any proposed amendment, but it shall be sufficient if such consent shall approve the substance thereof. The manner of obtaining such consents and of evidencing the authorization of the
execution thereof by Noteholders shall be subject to such reasonable requirements as the Indenture Trustee may prescribe. 
 (e) Any
amendment which affects the rights, duties, immunities or liabilities of the Issuer Loan Trustee or the Indenture Trustee shall require the written consent of the Issuer Loan Trustee or the Indenture Trustee, as applicable. The Issuer Loan Trustee
and the Indenture Trustee may, but shall not be obligated to, enter into any such amendment which affects such party’s respective rights, duties, benefits, protections, privileges or immunities under this Agreement or otherwise. In connection
with the execution of any amendment hereunder, the Issuer Loan Trustee and the Indenture Trustee shall be entitled to receive an Opinion of Counsel to the effect that such amendment is permitted under the terms of this Agreement. 

Section 5.2 APPLICABLE LAW. THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 AND 5-1402 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS. 

EACH OF THE PARTIES HERETO HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF
NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE COUNTY OF NEW YORK FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF
THE PARTIES HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH

  
 -15- 

 
PROCEEDING BROUGHT IN SUCH A COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 5.2 SHALL AFFECT THE RIGHT OF ANY PARTY HERETO TO BRING ANY ACTION OR PROCEEDING AGAINST ANY
OTHER PARTY HERETO OR ANY OF THEIR PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 
 EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO
HAVE A JURY PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER ARISING IN CONTRACT, TORT OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO AN INCIDENT TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE
OTHER TRANSACTION DOCUMENTS. 
 Section 5.3 Severability of Provisions. If any one or more of the covenants, agreements,
provisions or terms of this Agreement shall be for any reason whatsoever held invalid, then such covenants, agreements, provisions or terms shall be deemed severable from the remaining covenants, agreements, provisions or terms of this Agreement and
shall in no way affect the validity or enforceability of the other provisions of this Agreement. 
 Section 5.4 Assignment.
Except as otherwise provided herein, this Agreement may not be assigned by any party without the prior written consent of the remaining parties. 

Section 5.5 Confidentiality. The Back-up Servicer agrees to maintain the confidentiality of any information provided to it by the
Servicer, the Subservicers, the Issuer, the Issuer Loan Trustee for the benefit of the Issuer, the Indenture Trustee or any Noteholder or any third party on behalf of any of the foregoing (each, a “Disclosure Party”) with respect to
the Loans or the Loan Obligors, except such information may be disclosed (a) to its and its affiliates’ directors, officers, independent directors, employees and agents, including accountants, subservicers, legal counsel and other advisors
(it being understood that the Persons to whom such disclosure is made will be informed of the confidential nature of such information and instructed to keep such information confidential), (b) to the extent requested by any regulatory
authority, (c) to the extent required by applicable laws or regulations or by any subpoena or similar legal process, (d) to any other party hereto, (e) in connection with the exercise of any remedies hereunder, (f) to the extent
any such information is publicly known independently of disclosure in violation of this Section 5.5, (g) as required pursuant to this Agreement or (h) with the prior written consent of the Servicer, the Subservicers and the
Indenture Trustee or such Noteholder, as applicable. 
 Section 5.6 Third-Party Beneficiaries. This Agreement shall inure to the
benefit of and be binding upon the parties hereto and their respective successors and permitted assigns. Nothing in this Agreement, express or implied, shall give to any Person, other than the parties hereto, the Noteholders, the Issuer, the Issuer
Loan Trustee for the benefit of the Issuer, the Depositor, the Depositor Loan Trustee for the benefit of the Depositor and their permitted successors and assigns and the Persons entitled to be indemnified pursuant to Section 3.1, any
benefit or any legal or equitable right, remedy or claim under this Agreement. 

  
 -16- 

 Section 5.7 Counterparts. For the purpose of facilitating its execution and for other
purposes, this Agreement may be executed simultaneously in any number of counterparts, each of which shall be deemed to be an original, and all of which shall constitute but one and the same instrument. Delivery of an executed signature page to this
Agreement by facsimile transmission or other electronic image scan transmission (e.g., “PDF” or “tif” via email) shall be as effective as delivery of a manually signed counterpart of this Agreement. 

Section 5.8 Notices. All demands, notices and communications under this Agreement shall be in writing, personally delivered by
overnight courier service or by facsimile transmission (with telephonic confirmation): 
  

	 	(a)	in the case of the Back-up Servicer, to: 

 Wells Fargo Bank, N.A. 

Attention: Corporate Trust Services/Structured Products Services 

Sixth Street and Marquette Avenue 

MAC N9311-161 
 Minneapolis,
Minnesota 55479 
 Telephone: (612) 667-7181 

Facsimile: (612) 667-3464 

marianna.c.stershic@wellsfargo.com 
  

	 	(b)	in the case of the Servicer, to: 

 OneMain Financial, Inc. 

300 St. Paul Place 
 Baltimore,
MD 21202 
 Attention: Oona Robinson 

Telephone: (410) 332-7723 

oona.robinson@citi.com 
 with a
copy to: 
 OneMain Financial, Inc. 

300 St. Paul Place 
 Baltimore,
MD 21202 
 Attention: Office of General Counsel 
  

	 	(c)	in the case of the Depositor, to: 

 OneMain Financial Funding II, LLC 

300 St. Paul Place 
 BSP15 

Baltimore, MD 21202 
 Attention:
Oona Robinson 
 Tel: (410) 332-2964 

OMF.FundingII.LLC@citi.com 

  
 -17- 

 with a copy to: 

OneMain Financial, Inc. 
 300
St. Paul Place 
 Baltimore, MD 21202 

Attention: Office of General Counsel 
  

	 	(d)	in the case of the Issuer, to: 

 OneMain Financial Issuance Trust 2014-2 

c/o Wilmington Trust, National Association, as Owner Trustee 

Rodney Square North 
 1100 North
Market Street 
 Wilmington, Delaware 19890 

Attention: Corporate Trust Administration 

Email address: OMFIT.2014-2@citi.com 

with a copy to the Administrator: 

OneMain Financial, Inc. 
 300
St. Paul Place 
 Baltimore, MD 21202 

Attention: Oona Robinson 
 Tel:
(410) 332-7723 
 Email address: oona.robinson@citi.com 

with a copy to: 
 OneMain
Financial, Inc. 
 300 St. Paul Place 

Baltimore, MD 21202 
 Attention:
Office of General Counsel 
  

	 	(e)	in the case of the Indenture Trustee, to: 

 Wells Fargo Bank, N.A. 

Attention: Corporate Trust Services/Structured Products Services 

Sixth Street and Marquette Avenue 

MAC N9311-161 
 Minneapolis,
Minnesota 55479 
 Telephone: (612) 667-7181 

Facsimile Number: (612) 667-3464 
  

	 	(f)	in the case of notice to a Rating Agency, at the following addresses: 

 Standard &
Poor’s Ratings Services 

  
 -18- 

 55 Water Street, 41st Floor 

New York, NY 10041 
 Attention:
Timothy Bartl 
 Email address: structuredcreditreports@sandp.com 

and 
 DBRS, Inc. 

140 Broadway, 35th Floor 
 New
York, NY 10005 
 Attention: Eric Rapp 

Email address: erapp@dbrs.com, 
 or at such
other address as shall be designated by any such party in a written notice to the other parties. 
 All such notices and communications
shall be effective, upon receipt, or in the case of (x) notice by overnight courier service when signed for against receipt thereof, or (y) notice by facsimile copy, when verbal communication of receipt is obtained. 

Section 5.9 No Bankruptcy Petition. 

(a) To the fullest extent permitted by law and notwithstanding any prior termination of this Agreement, each of the Issuer, the Servicer, the
Back-up Servicer, the Depositor Loan Trustee, the Issuer Loan Trustee and the Indenture Trustee agree that it shall not file, commence, join, or acquiesce in a petition or proceeding, or cause the Depositor to file, commence, join, or acquiesce in a
petition or proceeding, that causes (i) the Depositor to be a debtor under any Debtor Relief Law or (ii) a trustee, conservator, receiver, liquidator, or similar official to be appointed for the Depositor or any substantial part of its
property. 
 (b) To the fullest extent permitted by law and notwithstanding any prior termination of this Agreement, each of the Depositor,
the Servicer, the Back-up Servicer, the Depositor Loan Trustee, the Issuer Loan Trustee and the Indenture Trustee agree that it shall not file, commence, join, or acquiesce in a petition or proceeding, or cause the Issuer to file, commence, join, or
acquiesce in a petition or proceeding, that causes (i) the Issuer to be a debtor under any Debtor Relief Law or (ii) a trustee, conservator, receiver, liquidator, or similar official to be appointed for the Issuer or any substantial part
of its property. 
 (c) The parties hereto agree that the provisions of this Section 5.9 shall survive the resignation or removal of
any such party to this Agreement and the termination of this Agreement. 
 Section 5.10 Limited Recourse.
(a) Notwithstanding anything to the contrary contained herein, no recourse under or with respect to any obligation, covenant or agreement of the Depositor as contained in this Agreement or any of the other Transaction Documents or any other
agreement, instrument or document to which the Depositor is a party shall be had against any incorporator, stockholder, affiliate, officer, employee or director of the Depositor by the 

  
 -19- 

 
enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that the agreements of the Depositor
contained in this Agreement and all other agreements, instruments and documents entered into pursuant hereto or in connection herewith are, in each case, solely corporate obligations of the Depositor. Notwithstanding any provisions contained in this
Agreement to the contrary, the Depositor shall not, and shall not be obligated to, pay any fees, costs, indemnified amounts or expenses due pursuant to this Agreement until payment in full of all amounts that the Depositor is obligated to deposit in
the Collection Account and the Principal Distribution Account pursuant to the Loan Purchase Agreement or the Sale and Servicing Agreement; provided, however, that the Noteholders shall be entitled to the benefits of the subordination
of the Collections allocable to the Trust Certificate to the extent provided in the Indenture. Any amount which the Depositor does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of
the United States Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended from time to time) against or obligation of the Depositor for any such insufficiency unless and until funds are available for the payment of such amounts as
aforesaid. 
 (b) Notwithstanding anything to the contrary contained herein, no recourse under or with respect to any obligation, covenant
or agreement of the Issuer as contained in this Agreement or any of the other Transaction Documents or any other agreement, instrument or document to which the Issuer is a party shall be had against any incorporator, stockholder, affiliate, officer,
employee or director of the Issuer by the enforcement of any assessment or by any legal or equitable proceeding, by virtue of any statute or otherwise; it being expressly agreed and understood that the agreements of the Issuer contained in this
Agreement and all other agreements, instruments and documents entered into pursuant hereto or in connection herewith are, in each case, solely corporate obligations of the Issuer. Notwithstanding any provisions contained in this Agreement to the
contrary, the Issuer shall not, and shall not be obligated to, pay any fees, costs, indemnified amounts or expenses due pursuant to this Agreement other than in accordance with the order of priorities set forth in Section 8.06 of the Indenture.
Any amount which the Issuer does not pay pursuant to the operation of the preceding sentence shall not constitute a claim (as defined in §101 of the United States Bankruptcy Reform Act of 1978 (11 U.S.C. §101, et seq.), as amended from
time to time) against or obligation of the Issuer for any such insufficiency unless and until funds are available for the payment of such amounts as aforesaid. 

(c) The parties hereto agree that the provisions of this Section 5.10 shall survive the resignation or removal of any such party
to this Agreement and the termination of this Agreement. 
 Section 5.11 Limitation of Liability. 

(a) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wilmington Trust,
National Association, not individually or personally but solely as owner trustee (the “Owner Trustee”) of the Issuer, in the exercise of the powers and authority conferred and vested in it, (ii) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and intended not as personal representations, undertakings and agreements by the Owner Trustee but made and intended for the purpose of binding only the Issuer,
(iii) nothing herein contained shall be 

  
 -20- 

 
construed as creating any liability on the Owner Trustee, individually or personally, to perform any covenants, either expressed or implied, contained herein, all personal liability, if any,
being expressly waived by the parties hereto and by any person claiming by, through or under the parties hereto, and (iv) under no circumstances shall the Owner Trustee be personally liable for the payment of any indebtedness or expenses of the
Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or any other related document. 

(b) It is acknowledged and agreed that, in connection with the each of the Indenture Trustee’s, the Depositor Loan Trustee’s and the
Issuer Loan Trustee’s execution and delivery of this Agreement and the performance of its duties and exercise of its rights hereunder, it shall be entitled to all of its rights, benefits, protections, indemnities and immunities set forth in the
Indenture, the Depositor Loan Trust Agreement and the Issuer Loan Trust Agreement, as applicable, and any other relevant Transaction Document. Notwithstanding anything to the contrary herein, the Depositor Loan Trustee and the Issuer Loan Trustee,
as applicable, shall exercise all rights and remedies hereunder and provide any consents, directions, approvals, acceptances, determinations, rejections or other similar actions pursuant to this Agreement in accordance with directions received from
the Depositor or the Issuer, respectively, and neither the Depositor Loan Trustee nor the Issuer Loan Trustee shall be liable for any failure or delay in taking such actions resulting from any failure or delay by such Person (or other applicable
Person as may be expressly provided) in providing such direction. 
 (c) It is expressly understood and agreed by the parties hereto that
(i) this Agreement is executed and delivered by Wells Fargo Bank, N.A. not individually or personally but solely in its capacity as Depositor Loan Trustee for the benefit of the Depositor, in the exercise of the powers and authority conferred
and vested in it under the Depositor Loan Trust Agreement, and (ii) under no circumstances shall Wells Fargo Bank, N.A. be personally liable for the payment of any indebtedness or expenses of the Depositor or be liable for the breach or failure
of any obligation, representation, warranty or covenant made or undertaken by the Depositor under this Agreement or any other related document. 

(d) It is expressly understood and agreed by the parties hereto that (i) this Agreement is executed and delivered by Wells Fargo Bank,
N.A., not individually or personally but solely in its capacity as Issuer Loan Trustee for the benefit of the Issuer, in the exercise of the powers and authority conferred and vested in it under the Issuer Loan Trust Agreement, and (ii) under
no circumstances shall Wells Fargo Bank, N.A. be personally liable for the payment of any indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the
Issuer under this Agreement or any other related document. 
 [Remainder of page intentionally left blank] 

  
 -21- 

 
					
	ONEMAIN FINANCIAL ISSUANCE TRUST 2014-2, as Issuer
		
	 By:
		Wilmington Trust, National Association, not in its individual capacity, but solely as Owner Trustee of the Issuer
		
	By:		 /s/ Rachel L. Simpson

			Name:		Rachel L. Simpson
			Title:		Assistant Vice President

  
 [Signature Page to
Back-up Servicing Agreement (OMF 2014-2)] 

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

					
	ONEMAIN FINANCIAL FUNDING II, LLC,
as Depositor
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President & Assistant Treasurer
	
	ONEMAIN FINANCIAL, INC., a Delaware corporation, as Servicer
		
	By:		 /s/ Oona Robinson

			Name:		Oona Robinson
			Title:		Vice President & Assistant Treasurer

  

			
	ACKNOWLEDGED AND AGREED:
	 ONEMAIN FINANCIAL SERVICES, INC.,

a Minnesota corporation, as a Subservicer

		
	By:		 /s/ Oona Robinson

	Name:		Oona Robinson
	Title:		Vice President & Assistant Treasurer
	
	 ONEMAIN FINANCIAL, INC.,

a Hawaii corporation, as a Subservicer

		
	By:		 /s/ Oona Robinson

	Name:		Oona Robinson
	Title:		Vice President & Assistant Treasurer
	
	 ONEMAIN FINANCIAL, INC.,

a West Virginia corporation, as a Subservicer

		
	By:		 /s/ Oona Robinson

	Name:		Oona Robinson
	Title:		Vice President & Assistant Treasurer

  
 [Signature Page to
Back-up Servicing Agreement (OMF 2014-2)] 

 
					
	WELLS FARGO BANK, N.A., not in its individual capacity, but solely as Issuer Loan Trustee
		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title:		Vice President
	
	WELLS FARGO BANK, N.A., not in its individual capacity, but solely as Depositor Loan Trustee
		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title:		Vice President
	
	WELLS FARGO BANK, N.A., as Back-up Servicer
		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title:		Vice President
	
	WELLS FARGO BANK, N.A., as the Indenture Trustee
		
	By:		 /s/ Marianna C. Stershic

			Name:		Marianna C. Stershic
			Title:		Vice President

  
 [Signature Page to
Back-up Servicing Agreement (OMF 2014-2)] 

 EXHIBIT A 

Form of Servicing Centralization Period Notice 

Servicing Centralization Period Notice 

            , 20     

Wells Fargo Bank, N.A., 
 as Back-up Servicer

 Sixth Street and Marquette Avenue 
 MAC N9311-161 

Minneapolis, Minnesota 55479 
 Attention: Corporate Trust
Services/Structured Products Services 
 Facsimile: (612) 667-3464 

OneMain Financial, Inc., 
 as Servicer 

300 St. Paul Place 
 Baltimore, MD 21202 

Attention: Office of General Counsel, 
 Facsimile:
[                    ] 
  

	 	Re:	OneMain Financial Issuance Trust 2014-2 – Servicing Centralization Period Notice 

 Ladies and
Gentlemen: 
 We refer to the Back-up Servicing Agreement, dated as of July 30, 2014, among OneMain Financial Issuance Trust 2014-2, as
Issuer, Wells Fargo Bank, N.A., as Issuer Loan Trustee for the benefit of the Issuer, OneMain Financial Funding II, LLC, as Depositor, Wells Fargo Bank, N.A., as Depositor Loan Trustee, OneMain Financial, Inc., as Servicer, Wells Fargo Bank, N.A.,
as Back-up Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof, the “Back-up Servicing Agreement”). Defined
terms used but not defined herein have the meaning specified in the Back-up Servicing Agreement. This letter is a “Servicing Centralization Period Notice” referred to in the Back-up Servicing Agreement. 

Pursuant to Section 2.1(b) of the Back-up Servicing Agreement, the Indenture Trustee hereby informs you that a Servicing
Centralization Trigger Event has occurred and the Servicing Centralization Period under the Back-up Servicing Agreement shall commence upon the date hereof. 

  
 A-1 

 
			
	Very truly yours,
	
	WELLS FARGO BANK, N.A., as the Indenture Trustee
		
	By:		  

			 Name:

			 Title:

  
 A-2 

 EXHIBIT B 

Form of Servicing Transfer Notice 

Servicing Transfer Notice 

            , 20     

Wells Fargo Bank, N.A., 
 as Back-up Servicer

 Sixth Street and Marquette Avenue 
 MAC N9311-161 

Minneapolis, Minnesota 55479 
 Attention: Corporate Trust
Services/Structured Products Services 
 Facsimile: (612) 667-3464 

OneMain Financial, Inc., 
 as Servicer 

300 St. Paul Place 
 Baltimore, MD 21202 

Attention: Office of General Counsel, 
 Facsimile:
[                    ] 
  

	 	Re:	OneMain Financial Issuance Trust 2014-2 – Servicing Transfer Notice 

 Ladies and Gentlemen: 

We refer to the Back-up Servicing Agreement, dated as of July 30, 2014, among OneMain Financial Issuance Trust 2014-2, as Issuer, Wells
Fargo Bank, N.A., as Issuer Loan Trustee for the benefit of the Issuer, OneMain Financial Funding II, LLC, as Depositor, Wells Fargo Bank, N.A., as Depositor Loan Trustee, OneMain Financial, Inc., as Servicer, Wells Fargo Bank, N.A., as Back-up
Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (as amended, restated, supplemented or otherwise modified from time to time in accordance with the terms thereof, the “Back-up Servicing Agreement”). Defined terms used but
not defined herein have the meaning specified in the Back-up Servicing Agreement. This letter is a “Servicing Transfer Notice” referred to in the Back-up Servicing Agreement. 

Pursuant to Section 2.1(c) of the Back-up Servicing Agreement, the Indenture Trustee hereby informs you that [a Termination Notice
has been delivered to the Servicer pursuant to Section 8.01 of the Servicing Agreement][the Servicer has resigned pursuant to Section 6.05 of the Sale and Servicing Agreement] and the Servicing Transition Period under the Back-up Servicing
Agreement shall commence upon the date hereof. 

  
 B-1 

 
			
	Very truly yours,
	
	WELLS FARGO BANK, N.A., as the Indenture Trustee
		
	By:		  

			 Name:

			 Title:

  
 B-2 

 EXHIBIT C 

Form of Power of Attorney 

Limited Power of Attorney 

KNOW ALL PERSONS BY THESE PRESENT, that OneMain Financial, Inc., a Delaware corporation having its principal place of business at
Baltimore, Maryland, together with its respective subsidiary corporations and entities (collectively, “OneMain Financial”), has and hereby affirms that it has made, constituted and appointed, and by these presents does make,
constitute and appoint Wells Fargo Bank, N.A. (“Wells Fargo” or “attorney-in-fact”), having its principal place of business at Sixth Street and Marquette Avenue, Minneapolis, Minnesota 55479, OneMain
Financial’s true and lawful attorney-in-fact and in OneMain Financial’s name, place and stead to act solely for the purpose of performing any or all of the acts described herein in connection with any Loan serviced by Wells Fargo pursuant
to that certain Back-up Servicing Agreement, dated as of July 30, 2014, among OneMain Financial Issuance Trust 2014-2, as Issuer, Wells Fargo Bank, N.A., as Issuer Loan Trustee for the benefit of the Issuer, OneMain Financial Funding II, LLC,
as Depositor, Wells Fargo Bank, N.A., as Depositor Loan Trustee, OneMain Financial, Inc., as Servicer, Wells Fargo Bank, N.A., as Back-up Servicer, and Wells Fargo Bank, N.A., as Indenture Trustee (as amended, restated, supplemented or otherwise
modified from time to time in accordance with the terms thereof, the “Back-up Servicing Agreement”). 
 FIRST:
Definitions. Each capitalized term used but not defined herein has the meaning given to such term in the Back-up Servicing Agreement. 

SECOND: Limited Power of Attorney. OneMain Financial hereby irrevocably nominates, constitutes and appoints Wells Fargo as its true and
lawful attorney-in-fact (with full power of substitution) and hereby authorizes Wells Fargo, in the name of and on behalf of OneMain Financial, to execute, deliver, acknowledge, certify, file and record any document, to institute and prosecute any
proceeding and to take any other action that Wells Fargo may deem appropriate for the purpose of (A) collecting, asserting, enforcing or perfecting any claim, right or interest of any kind that is included in or relates to any of the Loans,
(B) defending or compromising any claim or proceeding relating to any of the Loans or (C) otherwise carrying out or facilitating any of the transactions contemplated in the Sale and Servicing Agreement. This Limited Power of Attorney is
and shall be coupled with an interest and shall be irrevocable, and shall survive the dissolution or insolvency of OneMain Financial. 

THIRD: Back-up Servicing Agreement. The execution and delivery of this Limited Power of Attorney by OneMain Financial shall not be (or
be deemed) a waiver or discharge of any representation, warranty, covenant or agreement of OneMain Financial in or under the Back-up Servicing Agreement or the Sale and Servicing Agreement, and such execution and delivery shall not be (or be deemed)
a modification or amendment of any provision of the Back-up Servicing Agreement or the Sale and Servicing Agreement in any respect. 

  
 C-1 

 FOURTH: Waivers and Amendments. This Limited Power of Attorney may be amended, modified,
supplemented or restated only by a written instrument executed by OneMain Financial and Wells Fargo. The terms of this Limited Power of Attorney may be waived only by a written instrument executed by the party waiving compliance. 

FIFTH: Counterparts. This Limited Power of Attorney may be executed by a party hereto in separate counterparts, each of which when so
executed and delivered shall be an original, but all such counterparts shall together constitute one and the same agreement, and all signatures need not appear on any one counterpart. 

SIXTH: Headings. The headings in this Limited Power of Attorney are for convenience of reference only and shall not define, limit or
otherwise affect any of the terms or provisions hereof. 
 SEVENTH: Binding Effect; Successors and Assigns. This Limited Power of
Attorney shall inure to the benefit of and be binding upon Wells Fargo and the Servicer and their respective successors and permitted assigns. 

EIGHTH: Governing Law. THIS LIMITED POWER OF ATTORNEY SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW
YORK WITHOUT REGARD TO CONFLICT OF LAWS PRINCIPLES (OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW) THEREOF. 

IN WITNESS WHEREOF, the undersigned has executed this Power of Attorney on behalf of OneMain Financial as of this
     day of             ,         . 
  

			
	ONEMAIN FINANCIAL, INC., a Delaware corporation, as Servicer
		
	By:		  

			 Name:

			 Title:

  
 C-2 

	
	State of             )
	  
 County of
                         )

 On             , 20     before me,
                    , a notary public, personally appeared,
                    , who proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and
acknowledged to me that he executed the same in his authorized capacity, and that by his signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. 

I certify under PENALTY OF PERJURY under the laws of the State of
                     that the foregoing paragraph is true and correct. 

WITNESS my hand and official seal. 
  

			
	Signature		  

 (Seal) 

  
 C-3 

 SCHEDULE I 

Back-up Servicer Servicing Centralization Period Duties 

During the Servicing Centralization Period, the Back-up Servicer may take these and any other actions to ensure its preparedness to act as the Servicer: 

 

	 	1.	Hire sufficient personnel and allocate appropriate space and resources as may be necessary in connection with the assumption of the duties of Servicer under the Sale and Servicing Agreement. 

 

	 	2.	Participate in status meetings with the Servicer and its personnel. 

  

	 	3.	Resolve any information technology issues regarding remote access to the Servicer’s computer system (including to all scanned or otherwise electronically stored Loan Notes). 

 

	 	4.	Confirm that access and control over the Central Lockbox is fully vested with the Back-up Servicer. 

  

	 	5.	Negotiate any necessary subservicing or other agreements with third-party servicers, collection agents or other service providers. 

  

	 	6.	Confirm (a) that all Loan Notes that were transferred to the Issuer and the Issuer Loan Trustee for the benefit of the Issuer pursuant to the Sale and Servicing Agreement prior to the Servicer’s election to
exercise its option to maintain custody of the Loan Notes representing Additional Loans as part of implementing its own imaging system have been delivered to the Custodian and (b) that the Servicer maintains, or the Subservicers maintain,
control of any Loan Notes held by them after the Servicer elected to exercise its option to maintain custody of the Loan Notes representing Additional Loans as part of implementing its own imaging system (other than, in each case, any Loan Notes
evidenced by electronic chattel paper). 

  

	 	7.	Confirm that all electronic copies of contracts related to the Loans, including, where applicable, the single “authoritative copy” (as defined in the New York Uniform Commercial Code Section 9-105) of an
electronically authenticated Loan Note, are transferred to the Back-up Servicer. 

  
 1

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