Document:

EX-10.2

 Exhibit 10.2 

EXECUTION COPY 

WAREHOUSE COLLATERAL ADMINISTRATION AGREEMENT 

This WAREHOUSE COLLATERAL ADMINISTRATION AGREEMENT (such agreement as amended, modified, waived, supplemented or restated from time to time,
the “Agreement”) dated as of March 28, 2016 is made by and among Arch Street CLO, Ltd. (the “Issuer”), NewStar Capital LLC (“NewStar”), as portfolio manager (the “Portfolio
Manager”), Credit Suisse AG, Cayman Islands Branch (“CSAG”), in its capacity as Senior Commitment Party (as defined in the Note Purchase Agreement (as defined below)) and U.S. Bank National Association (the
“Bank”), as Warehouse Collateral Administrator (the “Warehouse Collateral Administrator”) and Trustee (the “Trustee”). 

Capitalized terms not otherwise defined in this Agreement shall have the meanings set forth in the Note Purchase Agreement. 

W I T N E S S E T H: 

WHEREAS, the Issuer intends to acquire, from time to time, Collateral Debt Obligations selected by the Portfolio Manager and approved by the
Senior Commitment Party with financing provided by the Senior Commitment Party and Junior Noteholder pursuant to the Note Purchase Agreement, dated as of March 28, 2016, among the Issuer, the Portfolio Manager, each Junior Noteholder identified
in the Note Register, the Bank and CSAG, in its capacities as Senior Commitment Party and the Senior Noteholder, Credit Suisse Securities (USA) LLC, in its capacity as Arranger, and U.S. Bank National Association, in its capacities as Trustee and
Warehouse Collateral Administrator (such agreement, as amended, modified, waived, supplemented or restated from time to time, the “Note Purchase Agreement”); and 

WHEREAS, the Warehouse Collateral Administrator shall receive, hold in safekeeping and release Collateral Debt Obligations purchased by the
Issuer and all interest (including paid and unpaid accrued interest, premiums and fees, without duplication) amounts, principal amounts and other amounts received on account of the Collateral Debt Obligations (collectively, the “Warehouse
Assets”) in accordance with the terms of this Agreement and the Note Purchase Agreement, and perform certain administrative functions relating to the Collateral Debt Obligations: 

NOW, THEREFORE, in consideration of the premises and other good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto hereby agree as follows. 
 1. The Warehouse Collateral Administrator hereby agrees to accept (a) the Collateral Debt
Obligations from time to time presented to the Warehouse Collateral Administrator by the Issuer (or the Portfolio Manager on its behalf), (b) any proceeds of such Collateral Debt Obligations and (c) any financing amounts from time to time
presented to the Warehouse Collateral Administrator by the Senior Commitment Party or the Junior Noteholder, and agrees to hold, release and transfer the same in accordance with the provisions of this Agreement and the Note Purchase Agreement. 

2. The Warehouse Collateral Administrator shall, on or prior to the date of this Agreement, establish three segregated,
non-interest bearing trust accounts in the name of “Arch Street CLO, Ltd., subject to the lien in favor of U.S. Bank National Association, as Trustee” for the benefit of the Secured Parties, which
shall be designated as (a) an interest account with the account number 183715-201 (the “Interest Account”), (b) a principal account with the account number 183715-202 ( the “Principal Account”) and a
custodial account with the account number 183715-700 (the “Custody Account,” and together with the 

  
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Interest Account and the Principal Account, the “Warehouse Accounts”). Any interest, premiums and fees accrued on and other income on the Collateral Debt Obligations shall be
held in the Interest Account until applied in accordance with the Note Purchase Agreement. Any principal payments, sale proceeds or redemption amounts with respect to the Collateral Debt Obligations shall be held in the Principal Account until
applied in accordance with the Note Purchase Agreement. Any financing amounts received from the Senior Commitment Party or the Junior Noteholder shall be credited to the Principal Account until applied in accordance with the Note Purchase Agreement.
Any Collateral Debt Obligations purchased by the Issuer shall be held in the Custody Account. Any cash received with respect to the Collateral Debt Obligations shall be invested by the Warehouse Collateral Administrator in the Bank’s “US
Bank EuroDollar Deposits” unless otherwise directed in writing jointly by the Portfolio Manager and the Senior Commitment Party. The Warehouse Collateral Administrator shall not be liable for losses on any investments made by it pursuant to and
in compliance with such instructions. Wire instructions with respect to the Warehouse Collateral Administrator are listed in Section II of Exhibit A to the Note Purchase Agreement. 

 

	3.    (a)    The	Warehouse Collateral Administrator represents and warrants that: 

 (i) it is a
bank or trust company that in the ordinary course of business maintains securities accounts for others and in that capacity has established the Warehouse Accounts and will maintain such accounts in the manner set forth herein and in the Note
Purchase Agreement until the termination of this Agreement; 
 (ii) it qualifies as a “bank” within the meaning of
Section 9-102(a)(8) of the Uniform Commercial Code, as in effect from time to time in the State of New York (the “UCC”); 

(iii) it will maintain the Warehouse Accounts as “securities accounts” as defined in Section 8-501(a) of the
UCC; 
 (iv) this Agreement is the legal, valid and binding obligation of the Warehouse Collateral Administrator, subject to
(A) the effect of bankruptcy, insolvency or similar laws and (B) general equitable principles (whether enforceability of such principles is considered in a proceeding at law or in equity); and 

(v) all governmental and other consents that are required to have been obtained by it with respect to this Agreement have been
obtained and are in full force and effect and all conditions of any such consents have been complied with. 
 (b)    The
Warehouse Collateral Administrator agrees that: 
 (i) (A) except as expressly set forth in clause (B) below, the
Warehouse Collateral Administrator will act on entitlement orders or other instructions with respect to the Warehouse Accounts originated by the Issuer (or the Portfolio Manager on its behalf) without further consent of the Trustee or any other
person and will act on entitlement orders or other instructions with respect to such Warehouse Accounts originated by the Trustee without further consent of the Issuer or any other person; provided that, if any entitlement order or other
instruction with respect to a Warehouse Account given by the Issuer (or the Portfolio Manager on its behalf) conflicts with an entitlement order or other instruction with respect to such Warehouse Account given by the Trustee, the entitlement order
or other instruction given by the Trustee shall govern, (B) on and after a Liquidation Event or a Gross Loss Event, the Warehouse Collateral Administrator will act solely on entitlement orders or other instructions with respect to the Warehouse
Accounts originated by the Trustee without the consent of the Issuer or any other person and will not act on 

  
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any entitlement order or instruction from the Issuer or the Portfolio Manager, (C) the Warehouse Collateral Administrator will treat all property credited to any Warehouse Account (whether
investment property, security, instrument or other financial asset or cash) as a “financial asset” for purposes of Article 8 of the UCC, and (D) the Warehouse Collateral Administrator has no notice of any adverse claim with respect to
any “financial asset” credited to any Warehouse Account; 
 (ii) any security interest or right of set off in favor
of the Warehouse Collateral Administrator with respect to any Warehouse Account will be subordinate to the Priority of Payments except that the Warehouse Collateral Administrator may set off (y) the face amount of any checks that have been
credited to any Warehouse Account but are subsequently returned unpaid because of uncollected or insufficient funds and (z) reversals or cancellations of payment orders and other electronic fund transfers; 

(iii) the Warehouse Collateral Administrator shall not change the name or account number of any Warehouse Account or any
component account or sub-account thereof without the prior written consent of the Senior Noteholder; 
 (iv) all securities
or other property underlying any financial assets credited to the Warehouse Accounts shall be registered in the name of the Warehouse Collateral Administrator, indorsed to the Warehouse Collateral Administrator or in blank or credited to another
securities account maintained in the name of the Warehouse Collateral Administrator and in no case shall any financial asset credited to the Warehouse Accounts be registered in the name of the Issuer, payable to the order of the Issuer or specially
indorsed to the Issuer except to the extent the foregoing have been specially indorsed to the Warehouse Collateral Administrator or in blank; 

(v) the Warehouse Collateral Administrator shall promptly deliver copies of all statements, confirmations and other
correspondence concerning the Warehouse Accounts and/or any financial assets credited thereto simultaneously to each of the Issuer and the Senior Noteholder at the address for each set forth in the Note Purchase Agreement; and 

(vi) the Warehouse Collateral Administrator has not entered into, and until the termination of this Agreement will not enter
into, any agreement with any other person relating to the Warehouse Accounts and/or any financial assets credited thereto pursuant to which it has agreed to comply with entitlement orders or any other instructions of such other person. 

(c)    The parties hereto agree that “securities intermediary’s jurisdiction” for the purposes of
Section 8 110 of the UCC shall be the State of New York. To the extent that any Warehouse Account (into which cash is credited as set forth herein) is re-characterized as a “deposit account” (within the meaning of
Section 9-102(a)(29) of the UCC), New York shall be deemed to be the “bank’s jurisdiction” (within the meaning of Section 9-304(b) of the UCC). The parties hereto further agree that with respect to any Warehouse Account the
law applicable to all the issues in Article 2(1) of The Hague Convention on the Law Applicable to Certain Rights in Respect of Securities Held with an Intermediary shall be the law of the State of New York. 

4. The Warehouse Collateral Administrator shall hold the Warehouse Assets in safekeeping as custodian and shall release and transfer the Warehouse Assets only
in accordance with the provisions of the Note Purchase Agreement and this Agreement. If the Closing Date of the CLO Transaction occurs, on the Closing Date Collateral Debt Obligations held in the Custody Account and any remaining proceeds to be
retained by the Issuer after application of the Priority of Payments shall be released and transferred in accordance with the CLO Transaction closing flow of funds. 

  
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 5. The Warehouse Collateral Administrator shall be obligated only for the performance of such duties as are
specifically set forth in this Agreement and the Note Purchase Agreement and may rely and shall be protected in acting or refraining from acting on any written notice, request, waiver, consent or instrument reasonably believed by it to be genuine
and to have been signed or presented by the proper party or parties. The Warehouse Collateral Administrator shall have no duty to determine or inquire into the happening or occurrence of any event or contingency. The Warehouse Collateral
Administrator shall not be deemed to have actual, constructive, direct or indirect notice or knowledge of the occurrence of any Liquidation Event, Gross Loss Event or other related matter unless and until (and except to the extent) such matter is
actually known by a Trust Officer or unless (and then only to the extent received) received in writing by the Warehouse Collateral Administrator at the notice address specified in the Note Purchase Agreement. The Warehouse Collateral Administrator
may consult with and obtain advice from legal counsel as to any provision hereof or its duties hereunder. The Warehouse Collateral Administrator shall not be liable for any action taken or omitted by it, except for gross negligence or willful
misconduct, in good faith and reasonably believed by it to be authorized hereby, nor for action taken or omitted by it in accordance with the advice of its counsel. Anything in this Agreement notwithstanding, in no event shall the Warehouse
Collateral Administrator be liable for special, punitive, indirect or consequential loss or damage of any kind whatsoever (including but not limited to lost profits), even if the Warehouse Collateral Administrator has been advised of such loss or
damage and regardless of the form of action. Permissive rights and powers granted to the Warehouse Collateral Administrator shall not be construed to be mandatory duties to act. In performing its duties hereunder and under the Note Purchase
Agreement, the Warehouse Collateral Administrator may request further instructions from the Issuer, Portfolio Manager or the Senior Commitment Party. It is the intention of the parties hereto that the Warehouse Collateral Administrator shall never
be required to use, advance or risk its own funds or otherwise incur financial liability in the performance of any of its duties or the exercise of any of its rights and powers hereunder. The Issuer (or Portfolio Manager on its behalf) shall be
responsible for assuring that agent banks, obligors and other third parties provide to the Warehouse Collateral Administrator all the necessary information that it may need to perform its duties under this Agreement. The Warehouse Collateral
Administrator shall not be liable with respect to any action taken or omitted to be taken by it in good faith in accordance with the direction of the Senior Commitment Party, the Arranger, the Portfolio Manager or the Issuer. The Warehouse
Collateral Administrator shall not have any duty to monitor, ascertain or to inquire as to the performance or observance of any of the terms, covenants or conditions of this Agreement or the Note Purchase Agreement on the part of the Issuer or the
Portfolio Manager and shall not be responsible to any Secured Party for the due execution, legality, validity, enforceability, genuineness, sufficiency, perfection, or value of any Collateral Debt Obligation. The Warehouse Collateral Administrator
may execute any of the powers granted under this Agreement or the Note Purchase Agreement and perform any duty hereunder or thereunder either directly or by or through agents or attorneys-in-fact, and shall not be responsible for the negligence or
misconduct of any agents or attorneys-in-fact selected by it in good faith without gross negligence or willful misconduct. Notwithstanding the foregoing, the Warehouse Collateral Administrator cannot appoint a third party to act as custodian. The
Warehouse Collateral Administrator shall have no obligation to determine the Market Value of any Warehouse Assets; provided, however, that it shall report the Market Value of any Warehouse Asset pursuant to Section 7(c). 

6. If the Warehouse Collateral Administrator receives funds from the Senior Commitment Party or the Junior Noteholder to purchase Collateral Debt Obligations
on behalf of the Issuer, the Warehouse Collateral Administrator shall remit those funds to the sellers of such Collateral Debt Obligations upon the written direction of the Portfolio Manager. 

7. The Warehouse Collateral Administrator shall perform the following functions with respect to the Warehouse Assets and the Available Funds: 

  
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 (a) enter information (as mutually agreed by the Warehouse Collateral Administrator, the
Portfolio Manager and the Senior Commitment Party) regarding each acquired Collateral Debt Obligation into the Warehouse Collateral Administrator’s loan tracking system; 

(b) make adjustments on a daily basis to the loan tracking system to account for principal and interest payments received on the Collateral
Debt Obligations; 
 (c) every day, report the Market Value pursuant to the definition of such term in the Note Purchase Agreement and, if it
cannot obtain a reported price of any Collateral Debt Obligation pursuant thereto, notify the Senior Commitment Party and the Portfolio Manager, in each case, not later than 5:00 p.m. New York City time; 

(d) calculate the amounts payable pursuant to the Priority of Payments and distribute such amounts in accordance therewith; 

(e) provide the Arranger, the Senior Commitment Party and the Portfolio Manager electronic access to all documents, information, notices,
requests and any other correspondence received from the agent banks with respect to the Collateral Debt Obligations; 
 (f) prepare and
deliver the Collateral Reports and any other information relating to the Collateral Debt Obligations as required by the Note Purchase Agreement; 

(g) keep full and accurate books and records relating to the Collateral Debt Obligations and stamp or otherwise mark such books and records in
such manner as the Arranger may reasonably require; 
 (h) act as Note Registrar in accordance with Section 2.1 of the Note Purchase
Agreement; and 
 (i) take such other actions with respect to the Warehouse Assets as may be reasonably required by the Note Purchase
Agreement as the Warehouse Collateral Administrator and the Senior Commitment Party shall reasonably agree. 
 8. The Warehouse Collateral Administrator may
at any time resign hereunder by giving written notice of its resignation to the Issuer, the Senior Commitment Party and the Portfolio Manager at least thirty (30) days prior to the date specified for such resignation to take effect, and upon
the effective date of such resignation, the Warehouse Assets hereunder shall be delivered by it to such person as may be designated in writing by the Senior Commitment Party and consented to by the Portfolio Manager, whereupon all the Warehouse
Collateral Administrator’s obligations hereunder shall cease and terminate. If no such person shall have been designated by such date and an instrument of acceptance by a successor Warehouse Collateral Administrator shall not have been
delivered to the Warehouse Collateral Administrator, the Issuer, the Senior Commitment Party and the Portfolio Manager within thirty (30) days after giving such notice of resignation, the Warehouse Collateral Administrator may petition any
court of competent jurisdiction for the appointment of a successor Warehouse Collateral Administrator. The Warehouse Collateral Administrator’s sole responsibility thereafter shall be to keep safely all Warehouse Assets then held by it and to
deliver the same to a person designated in writing by the Senior Commitment Party or in accordance with the direction of a final order or judgment of a court of competent jurisdiction. 

9. Subject always to the provisions of Section 17, the Issuer (the “indemnifying party”) agrees to indemnify, defend and hold the Bank,
its officers, directors, employees and agents (each, an “indemnified  

  
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party”) harmless from and against any and all losses, claims, damages, demands, expenses and costs, causes of action, judgments or liabilities that may be incurred by the Bank, its
officers, directors, employees and agents arising directly or indirectly out of or in connection with the Bank’s acceptance or appointment as Warehouse Collateral Administrator hereunder and its other capacities under the Note Purchase
Agreement, including the reasonable out-of-pocket legal costs and expenses as such expenses are incurred (including, without limitation, the expenses of any experts, counsel or agents) of investigating, preparing for or defending itself against any
action, claim or liability in connection with its performance hereunder or under the Note Purchase Agreement. In no event, however, shall the Issuer be (i) obligated to indemnify the Bank and save the Bank harmless from any fees, expenses,
charges and/or liabilities incurred by the Bank as a result of its own willful misconduct or gross negligence or (ii) be responsible for indirect, special, punitive or consequential damages. 

Promptly after receipt by an indemnified party under this paragraph 9 of notice of the commencement of any action, such indemnified party shall, if a claim in
respect thereof is to be made against the indemnifying party hereunder, notify the indemnifying party in writing of the commencement thereof. In case any such action shall be brought against an indemnified party and it shall notify the indemnifying
party of the commencement thereof, the indemnifying party shall be entitled to participate therein and to assume the defense thereof, with counsel reasonably satisfactory to the indemnified party who may, subject to the following sentence, be
counsel to the indemnifying party. After notice from the indemnifying party to such indemnified party of its election so to assume the defense thereof, the indemnified party shall have the right to participate in such action and to retain its own
counsel, but the indemnifying party shall not be liable to such indemnified party hereunder for any legal expenses of other counsel or any other expenses, in each case subsequently incurred by such indemnified party, in connection with the defense
thereof, unless (i) the indemnifying party has agreed in writing to pay such fees and expenses or (ii) the indemnifying party shall have failed to employ counsel reasonably satisfactory to the indemnified party in a timely manner or
(iii) the indemnified party shall have been advised by counsel that representation of the indemnified party by counsel provided by the indemnifying party pursuant to the foregoing would be inappropriate due to an actual or potential conflicting
interest between the indemnifying party and the indemnified party, including situations in which there are one or more legal defenses available to the indemnified party that are different from or additional to those available to the indemnifying
party; provided, however, that the indemnifying party shall not, in connection with any one such action or proceeding or separate but substantially similar actions or proceedings arising out of the same general allegations, be liable
for the fees and expenses of more than one separate firm of attorneys at any time for all indemnified parties, except to the extent that local counsel, in addition to its regular counsel, is required in order to effectively defend against such
action or proceeding. No indemnified party may consent to the terms of any compromise or settlement of any action without the prior consent of the indemnifying party. If the indemnifying party does not notify the indemnified party in writing, within
45 days (or such shorter period within which a timely answer or response must be filed) after the receipt of notice of the commencement of any action, that the indemnifying party elects to undertake the defense thereof, then such indemnified party
shall have the right to contest the claim or (with the prior written consent of the indemnifying party, which consent shall not be withheld unreasonably) settle or compromise the claim and the indemnifying party will pay the indemnified party in
immediately available funds for all out-of-pocket expenses (including the reasonable fees and expenses of counsel and other experts and agents) and all other losses, claims, damages, demands, costs, judgments or liabilities actually paid by such
indemnified party, all as aforesaid. 
 10. The Issuer warrants and represents to the Warehouse Collateral Administrator that the Warehouse Collateral
Administrator has no duty to withhold any federal or state income tax, local or state property tax, local or state sales or use taxes, or any other tax by any taxing authority arising from its custody of the Warehouse Assets. The Issuer agrees to
indemnify the Warehouse Collateral Administrator fully for any tax liability, penalties or interest incurred by the Warehouse Collateral Administrator arising 

  
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hereunder and agrees to pay in full any such tax liability together with penalty and interest if any tax liability is ultimately assessed against the Warehouse Collateral Administrator for any
reason as a result of its actions hereunder (except for the Warehouse Collateral Administrator’s individual income tax liability arising from the income from its fees). 

11. The Issuer agrees to pay the Bank for the services rendered by it pursuant to the provisions of this Agreement and the Note Purchase Agreement as set
forth in a separate fee letter between the Bank and the Issuer. The Issuer’s obligation to pay the Bank’s indemnities, fees and expenses shall survive the termination of this Agreement and the resignation or removal of the Warehouse
Collateral Administrator. 
 12. The Warehouse Collateral Administrator shall have no liability for losses arising from any cause beyond its control; any
delay, error, omission or default of any mail, telegraph, cable or wireless agency or operator; the acts or edicts of any government or governmental agency or other group or entity exercising governmental powers; or interruptions, loss or
malfunctions of utilities, communications or computer (software or hardware) services. However, the Warehouse Collateral Administrator shall take all reasonable actions to mitigate any losses due to the occurrence of any of the events in the
preceding sentence and shall perform all duties and actions required of them to the extent possible and should the Warehouse Collateral Administrator fail to be able to perform as required, the Warehouse Collateral Administrator shall notify the
Portfolio Manager as soon as practicable of such occurrence. 
  

	13.	THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK. 

 14.
This Agreement shall remain in full force and effect until the earliest to occur of (a) the transfer of all of the Warehouse Assets in accordance with Paragraph 4 above, (b) a court of competent jurisdiction finally disposing of the rights
and obligations of the parties pursuant to the provisions hereof; and (c) the Final Settlement Date. The parties hereto shall not be bound by any modification, amendment, termination, cancellation, rescission or supersession of this Agreement
unless the same shall be in writing and signed by each of the parties hereto. 
 15. This Agreement may be executed in two or more counterparts, each of
which may be sent via facsimile or electronic mail and may be in pdf format, each of which shall be deemed an original, but all of which shall together constitute one and the same instrument. This Agreement shall be binding upon and inure to the
benefit of the parties hereto and their respective successors and assigns. 
 16. Any corporation or association into which the Warehouse Collateral
Administrator may be merged or converted or with which it may be consolidated, or any corporation or association resulting from any merger, conversion or consolidation to which the Warehouse Collateral Administrator shall be a party, or any
corporation or association to which all or substantially all of the corporate trust business of the Warehouse Collateral Administrator may be sold or otherwise transferred, shall be the successor Warehouse Collateral Administrator hereunder without
any further act. 
 17. Notwithstanding any other provision of this Agreement, the parties hereto may not, prior to the date that is one year (or, if
longer, the then applicable preference period) plus one day after termination of this Agreement or, in the event securities of the Issuer are issued pursuant to the CLO Transaction, the payment in full of all such securities institute against, or
join any other individual or entity in instituting against the Issuer, any bankruptcy, reorganization, arrangement, insolvency, winding-up, moratorium or liquidation proceedings, or other proceedings under Cayman Islands bankruptcy laws, United
States federal or state bankruptcy laws, or any similar laws. 

  
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 None of the directors, officers, incorporators, shareholders, partners, agents or employees of the Issuer shall
be personally liable for any of the obligations of the Issuer under this Agreement. Notwithstanding anything to the contrary contained herein, the Issuer’s sole source of funds for payment of all amounts due hereunder from time to time and at
any time shall be the Warehouse Collateral, and, following application of the proceeds of the Warehouse Collateral in accordance with the Priority of Payments, no recourse shall be had against the Issuer for any amounts still outstanding by the
Issuer and all obligations of, and any claims against, the Issuer arising from this Agreement or any transactions contemplated hereby shall be extinguished and shall not thereafter revive. 

The provisions of this Paragraph 17 shall survive the termination of this Agreement and resignation of the Warehouse Collateral Administrator. 

18. THE PARTIES HERETO VOLUNTARILY AND INTENTIONALLY WAIVE ANY RIGHTS THEY MAY HAVE TO A TRIAL BY JURY IN RESPECT OF ANY LITIGATION BASED HEREON, OR ARISING
OUT OF, UNDER, OR IN CONNECTION WITH, THIS AGREEMENT OR THE NOTE PURCHASE AGREEMENT, OR ANY COURSE OF CONDUCT, COURSE OF DEALING, STATEMENTS (WHETHER ORAL OR WRITTEN) OR ACTIONS OF ANY OF THE PARTIES HERETO AND THERETO. THE PARTIES HERETO HEREBY
AGREE THAT THEY WILL NOT SEEK TO CONSOLIDATE ANY SUCH LITIGATION WITH ANY OTHER LITIGATION IN WHICH A JURY TRIAL HAS NOT OR CANNOT BE WAIVED. THE PROVISIONS OF THIS SECTION 18 HAVE BEEN FULLY NEGOTIATED BY THE PARTIES HERETO AND SHALL BE SUBJECT TO
NO EXCEPTIONS. EACH PARTY ACKNOWLEDGES AND AGREES THAT IT HAS RECEIVED FULL AND SUFFICIENT CONSIDERATION FOR THIS PROVISION AND THAT THIS PROVISION IS A MATERIAL INDUCEMENT FOR EACH PARTY ENTERING INTO THIS AGREEMENT AND THE NOTE PURCHASE AGREEMENT.

 19. The Warehouse Collateral Administrator agrees to accept and act upon instructions or directions pursuant to this Agreement sent by unsecured email,
facsimile transmission or other similar unsecured electronic methods. If any party hereto elects to give the Warehouse Collateral Administrator email or facsimile instructions (or instructions by a similar electronic method) and the Warehouse
Collateral Administrator in its discretion elects to act upon such instructions, the Warehouse Collateral Administrator’s reasonable understanding of such instructions shall be deemed controlling. The Warehouse Collateral Administrator shall
not be liable for any losses, costs or expenses arising directly or indirectly from the Warehouse Collateral Administrator’s reliance upon and compliance with such instructions notwithstanding such instructions conflicting with or being
inconsistent with a subsequent written instruction. Each party hereto agrees to assume all risks arising out of the use of such electronic methods to submit instructions and directions to the Warehouse Collateral Administrator, including without
limitation the risk of the Warehouse Collateral Administrator acting on unauthorized instructions, and the risk of interruption and misuse by third parties. Any person providing such instructions acknowledges and agrees that there may be more secure
methods of transmitting such instructions than the method(s) selected by it and agrees that the security procedures (if any) to be followed in connection with its transmission of such instructions provide to it a commercially reasonable degree of
protection in light of its particular needs and circumstances. 

  
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 IN WITNESS WHEREOF, the parties hereto have hereunto caused this Warehouse Collateral Administration Agreement to
be executed as of the day and year first hereinabove written. 
  

			
	ARCH STREET CLO, LTD., as Issuer
		
	By:	 	/s/ Karen Perkins
	Name: Karen Perkins
	Title: Director

 
			
	
	CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Senior Commitment Party
		
	By:	 	/s/ Brad Larson
	Name: Brad Larson
	Title: Authorized Signatory

 
			
		
	By:	 	/s/ Mak Pitke
	Name: Mak Pitke
	Title: Authorized Signatory

 
			
	
	NEWSTAR CAPITAL LLC, as Portfolio Manager
		
	By:	 	/s/ Scott D’Orsi
	Name: Scott D’Orsi
	Title: Portfolio Manager

  
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	U.S. BANK NATIONAL ASSOCIATION, as Warehouse Collateral Administrator and Trustee
		
	By:	 	/s/ Ralph J. Creasia Jr.
	Name: Ralph J. Creasia Jr.
	Title: Senior Vice President

  
 10EX-10.1

 Exhibit 10.1 

REGIONAL MANAGEMENT CORP. 

2015 LONG-TERM INCENTIVE PLAN 

PERFORMANCE-CONTINGENT 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

THIS PERFORMANCE-CONTINGENT RESTRICTED STOCK UNIT AWARD AGREEMENT (the “Agreement”) is made effective as of the date set
forth on the signature page hereto (hereinafter called the “Date of Grant”), between Regional Management Corp., a Delaware corporation (hereinafter called the “Company”), and the individual set forth on the
signature page hereto (hereinafter called the “Participant”), pursuant to the Regional Management Corp. 2015 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”), which Plan is incorporated
herein by reference and made a part of this Agreement. 
  

	1.	Grant of Award. 

 (a) The Company hereby grants to the Participant a Restricted Stock
Unit Award in the form of an Award of (i) objective criteria performance-based and service-based restricted stock units (the “Objective Criteria Award”) and (ii) qualitative criteria performance-based and service-based
restricted stock units (the “Qualitative Criteria Award” and, together with the Objective Criteria Award, the “Award”), which each represent a contingent right to acquire shares of Common Stock (the
“Shares”). For clarity, in no event shall the attainment or non-attainment of, or payments pursuant to, the Objective Criteria Targets as set forth in Schedule A have any effect on (or be contingent upon) the attainment or
non-attainment of, or payments pursuant to, the Qualitative Criteria Targets as set forth in Schedule B, and similarly, in no event shall the attainment or non-attainment of, or payments pursuant to, the Qualitative Criteria Targets have any effect
on (or be contingent upon) the attainment or non-attainment of, or payments pursuant to, the Objective Criteria Targets. Each of the Objective Criteria Targets (as a group) and the Qualitative Criteria Targets (as a group) shall create separate
award opportunities. 
 (b) For the purposes herein, the Shares subject to the Award are units that will be reflected in a book account
maintained by the Company and that will be settled in shares of Common Stock if and only to the extent permitted under the Plan and this Agreement. Prior to issuance of any shares of Common Stock, the Award shall represent an unsecured obligation of
the Company, payable (if at all) only from the Company’s general assets. The Award is subject to the terms and conditions of the Plan and this Agreement, including the provisions set forth on the signature page hereto and Schedule A and
Schedule B, which are attached hereto and expressly made a part of this Agreement. 
  

	2.	Definitions. 

 Whenever the following terms are used in this Agreement, they shall have
the meanings set forth below. Capitalized terms not otherwise defined herein shall have the same meanings as in the Plan. 
 (a)
Cause. “Cause” shall mean a Participant’s termination of employment or service resulting from the Participant’s (i) termination for “Cause” as defined under the Participant’s

  
 Modified March 29, 2016

 
employment, change in control, consulting or other similar agreement with the Company or an Affiliate, if any, or (ii) if the Participant has not entered into any such agreement (or, if any
such agreement does not define “Cause”), then “Cause” shall mean: (A) the Participant’s engagement in misconduct which is materially injurious to the Company or its Affiliates, (B) the Participant’s continued
refusal to substantially perform his duties to the Company, (C) the Participant’s repeated dishonesty in the performance of his duties to the Company, (D) the Participant’s commission of an act or acts constituting any
(x) fraud against, or misappropriation or embezzlement from, the Company or any of its Affiliates, (y) crime involving moral turpitude, or (z) offense that could result in a jail sentence of at least one year or (E) the
Participant’s material breach of any confidentiality, non-solicitation or non-competition covenant entered into between the Participant and the Company. The determination of “Cause” shall be made by the Administrator and its
determination shall be final and conclusive. Without in any way limiting the effect of the foregoing, for purposes of the Plan and this Agreement, a Participant’s employment or service shall also be deemed to have terminated for Cause if, after
the Participant’s employment or service has terminated, facts and circumstances are discovered that would have justified, in the opinion of the Administrator, a termination for Cause. 

(b) Good Reason. “Good Reason” shall mean (i) “Good Reason” as defined under the Participant’s
employment, change in control, consulting or other similar agreement with the Company or an Affiliate, if any, or (ii) if the Participant has not entered into any agreement (or, if any such agreement does not define “Good Reason”),
then a “Good Reason” shall mean any of the following without the Participant’s consent: (A) with respect to Employees or Consultants, a change caused by the Company in the Participant’s duties and responsibilities which is
materially inconsistent with the Participant’s position at the Company, or a material reduction in the Participant’s annual base salary (excluding any reduction in the Participant’s salary that is part of a plan to reduce salaries of
comparably situated employees of the Company generally); and (B) with respect to Directors, the Participant’s ceasing to serve as a Director, or, if the Company is not the surviving Company in a Change of Control event, a member of the
board of directors of the surviving entity, in either case, due to the Participant’s failure to be nominated to serve as a director of such entity or the Participant’s failure to be elected to serve as a director of such entity, but not
due to the Participant’s decision not to continue service on the Board of Directors of the Company or the board of directors of the surviving entity, as the case may be; provided that, in any case, notwithstanding anything to the contrary in
the foregoing subparts (i) or (ii), the Participant shall only have “Good Reason” to terminate employment or service following the applicable entity’s failure to remedy the act which is alleged to constitute “Good
Reason” within thirty (30) days following such entity’s receipt of written notice from the Participant specifying such act, so long as such notice is provided within sixty (60) days after such event has first occurred. The
determination of “Good Reason” shall be made by the Administrator and its determination shall be final and conclusive. 
 (c)
Qualifying Termination. “Qualifying Termination” shall mean the termination of employment or service (i) as a result of the Participant’s death, Disability or Retirement, (ii) by the Company and its Affiliates without
Cause, or (iii) by the Participant with Good Reason. 
 (d) Retirement. “Retirement” shall have the meaning given in
an employment, change in control, consulting or other similar agreement, if any, to which the Participant is a party, or, if there is no such agreement (or if such agreement does not define “Retirement”), then

  
 2 

 
“Retirement” shall mean the termination of employment or service by the Participant on or after (i) the Participant’s attainment of age 65, or (ii) the Participant’s
attainment of age 55 and completion of ten (10) years of service. For this purpose, the Participant shall be credited with a year of service for each consecutive twelve-month period he is employed or in service during his period of employment
or service with the Company. Employment or service shall not be deemed to be terminated or interrupted by a leave of absence, sick leave or vacation granted to the Participant by the Company. The Administrator shall have authority to determine
if a Retirement has occurred. 
  

	3.	Vesting; Forfeiture. 

 (a) The actual number of Shares, if any, that may be earned and
vested during the Performance Period will be determined by the Administrator following the end of the Performance Period based on attainment of the performance goals, as set forth on the signature page hereto and as provided in Schedule A and
Schedule B (the “Performance Goals”); provided, however, that, except as otherwise provided in Section 3, the Award shall not vest, in whole or in part, and the Participant shall not be entitled to any Shares, unless the
Participant remains employed or in service from the Date of Grant until the Vesting Date (as defined on the signature page hereto). The Administrator has authority to determine whether and to what degree the Award shall be deemed earned and vested.

 (b) If the Participant’s employment or service with the Company is terminated during the Performance Period for any reason other
than a Qualifying Termination (including but not limited to a termination for Cause), the Award shall immediately terminate and the Participant shall have no rights with respect to the Award or the Shares underlying the Award. 

(c) Notwithstanding Sections 3(a) and (b) herein, if the Participant’s employment or service with the Company is terminated during
the Performance Period due to a Qualifying Termination, then a pro-rata portion of the Award, determined as of the date of the Qualifying Termination in accordance with the provisions of this Agreement, shall be eligible to be earned and vested
based on attainment of the Performance Goals during the Performance Period as specified in this Agreement, Schedule A and Schedule B as if the Participant’s employment or service had not terminated. 

(d) Notwithstanding Sections 3(a) and (b) herein, in the event a Change of Control occurs during the Performance Period, the Award shall
be deemed earned and vested as follows: 
 (i) To the extent that the successor or surviving company in the Change of Control
event does not assume or substitute for the Award (or in which the Company is the ultimate parent corporation and does not continue the Award) on substantially similar terms or with substantially equivalent economic benefits (as determined by the
Administrator) as Awards outstanding under the Plan immediately prior to the Change of Control event, the Award shall be deemed earned and vested as if the Objective Criteria Target Performance Goal set forth on Schedule A and the Qualitative
Criteria Target Performance Goal set forth on Schedule B (together, the “Target Performance Goals”) for the Performance Period have been met as of the effective date of the Change of Control. 

  
 3 

 (ii) Further, in the event that the Award is substituted, assumed or continued as
provided in Section 3(d)(i) herein, the Award will nonetheless become earned and vested if the Participant’s employment or service is terminated by the Company and its Affiliates without Cause or by the Participant with Good Reason within
six months before (in which case the Award shall be deemed earned and vested as if the Target Performance Goals for the Performance Period have been met as of the effective date of the Change of Control) or one year (or such other period after a
Change of Control as may be stated in a Participant’s employment, change in control, consulting or other similar agreement, if applicable) after the effective date of a Change of Control (in which case the Award shall be deemed earned and
vested as if the Target Performance Goals for the Performance Period have been met as of the Participant’s Termination Date). 
  

	4.	Settlement of Award; Delivery of Shares. 

 (a) No certificate or certificates for Shares
shall be issued at the time of grant of the Award. A certificate or certificates for the Shares underlying the Award (or, in the case of uncertificated Shares, other written evidence of ownership in accordance with Applicable Law) shall be issued in
the name of the Participant (or his beneficiary) only in the event, and to the extent, that the Award has vested and been earned in accordance with the provisions of this Agreement, including Schedule A and Schedule B. Any Shares or other benefits
payable pursuant to the Award shall, upon vesting of the Award, be distributed to the Participant (or his beneficiary) within 70 days following the Vesting Date. Notwithstanding the foregoing, the following provisions shall apply: (a) any
distributions as a result of a Change of Control as provided in Section 3(d)(i) shall be paid within 70 days following the date of the Change of Control; and (b) any distributions due to termination of employment or service following a
Change of Control as provided in Section 3(d)(ii) shall be paid within 70 days following the Participant’s Termination Date. If the 70-day period described herein begins in one calendar year and ends in another, the Participant (or his
beneficiary) shall not have the right to designate the calendar year of the payment (except as otherwise provided below with respect to a delay in payments if the Participant is a “specified employee”). Further, if calculation of the
amount of the payment is not administratively practicable due to events beyond the control of the Participant (or his beneficiary), the payment will be treated as made within the applicable 70-day time period specified herein if the payment is made
during the first taxable year of the Participant in which the calculation of the amount of the payment is administratively practicable or otherwise in accordance with Code Section 409A. Notwithstanding the foregoing, if the Participant is or
may be a “specified employee” (as defined under Code Section 409A), and the distribution is considered deferred compensation under Code Section 409A, then such distribution if made due to separation from service shall be subject
to delay as provided in Section 20 of the Plan (or any successor provision thereto). 
 (b) Except as otherwise provided in this
Section 4(b), the Participant shall not be deemed to be the holder of any Shares subject to the Award and shall not have any dividend rights, voting rights or other rights as a stockholder unless and until (and only to the extent that) the
Award has vested and certificates for such Shares have been issued to him (or, in the case of uncertificated shares, other written evidence of ownership in accordance with Applicable Law shall have been provided). As of any date that the Company
pays an ordinary cash dividend on its common stock, the Company shall credit to the Participant’s book account a dollar amount 

  
 4 

 
equal to (i) the per share cash dividend paid by the Company on its common stock on such date, multiplied by (ii) that number of Shares equal to the number of Target Units set forth on
the signature page hereto (a “Dividend Equivalent Right”). Any Dividend Equivalent Rights credited pursuant to the foregoing provisions of this Section 4(b) shall be subject to the same vesting, Performance Goals, payment and
other terms, conditions and restrictions as the Shares subject to the Award (and, for clarification, shall not be paid unless and until the corresponding portion of the Shares subject to the Award have been earned and vested); provided, however,
that the amount of any Dividend Equivalent Rights that become earned and vested pursuant to the terms of this Agreement, Schedule A and Schedule B shall be paid in cash. 

(c) Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Shares shall be distributable upon vesting of the
Award prior to the completion of any registration or qualification of the Award or the Shares under any Applicable Law (including, but not limited to, the requirements of the Securities Act) that the Administrator shall in its sole discretion
determine to be necessary or advisable. 
 (d) The Company shall not be liable to the Participant for damages relating to any delays in
issuing the certificates to him (subject to any Code Section 409A requirements), any loss of the certificates, or any mistakes or errors in the issuance of the certificates or in the certificates themselves. Notwithstanding the foregoing, the
issuance of Shares may, in the Company’s discretion, be effected on a non-certificated basis, to the extent permitted under the Plan. 

(e) The Award, if vested in accordance with the terms of this Agreement, shall be payable in whole Shares. The total number of Shares that may
be acquired upon vesting of the Award (or portion thereof) shall be rounded down to the nearest whole share. 
  

	5.	No Right to Continued Employment or Service; No Right to Further Awards. 

 Neither the
Plan nor this Agreement nor any other action related to the Plan shall confer upon the Participant any right to continue in the employ or service of the Company or interfere in any way with the right of the Company or an Affiliate to terminate the
Participant’s employment or service at any time. Except as otherwise provided in the Plan or this Agreement, all rights of the Participant with respect to the unvested portion of the Award shall terminate on the Participant’s Termination
Date. The grant of the Award does not create any obligation to grant further awards. 
  

	6.	Legend on Certificates. 

 The Shares acquired upon vesting of the Award shall be subject
to the rules, regulations and other requirements of the Securities and Exchange Commission, any stock exchange upon which such Shares are listed and any other Applicable Law, and the Administrator may cause a legend or legends to be put on any
certificates for such Shares to make appropriate reference to such restrictions. 

  
 5 

	7.	Transferability. 

 The Award may not be assigned, alienated, pledged, attached, sold or
otherwise transferred or encumbered by the Participant otherwise than by will or by the laws of descent and distribution, and any such purported assignment, alienation, pledge, attachment, sale, transfer or encumbrance shall be void and
unenforceable against the Company or any Affiliate; provided that the designation of a beneficiary shall not constitute an assignment, alienation, pledge, attachment, sale, transfer or encumbrance. No such permitted transfer of the Award to heirs or
legatees of the Participant shall be effective to bind the Company unless the Administrator shall have been furnished with written notice thereof and a copy of such evidence as the Administrator may deem necessary to establish the validity of the
transfer and the acceptance by the transferee or transferees of the terms and conditions hereof. 
  

	8.	Withholding; Tax Consequences. 

 (a) The Participant may be required to pay to the
Company or any Affiliate, and the Company shall have the right and is hereby authorized to withhold (including from payroll or any other amounts payable to the Participant), any applicable withholding taxes in respect of the Award, its vesting or
any payment or transfer under or with respect to the Award and to take such other action as may be necessary in the opinion of the Administrator to satisfy all obligations for the payment of such withholding taxes; provided, however, that no amounts
shall be withheld in excess of the Company’s statutory minimum withholding liability. Without limiting the generality of the foregoing, to the extent permitted by the Administrator, the Participant may satisfy, in whole or in part, the
foregoing withholding liability by delivery of shares of Common Stock held by the Participant (which are fully vested and not subject to any pledge or other security interest) or by having the Company withhold from the number of Shares otherwise
deliverable to the Participant hereunder Shares with a Fair Market Value not in excess of the statutory minimum withholding liability. The Participant further agrees to make adequate provision for any sums required to satisfy all applicable federal,
state, local and foreign tax withholding obligations of the Company which may arise in connection with the Award. 
 (b) The Participant
acknowledges that the Company has made no warranties or representations to the Participant with respect to the tax consequences (including but not limited to income tax consequences) with respect to the transactions contemplated by this Agreement,
and the Participant is in no manner relying on the Company or its representatives for an assessment of such tax consequences. The Participant acknowledges that there may be adverse tax consequences upon the grant or vesting of the Award and/or the
acquisition or disposition of the Shares subject to the Award and that he has been advised that he should consult with his own attorney, accountant and/or tax advisor regarding the decision to enter into this Agreement and the consequences thereof.
The Participant also acknowledges that the Company has no responsibility to take or refrain from taking any actions in order to achieve a certain tax result for the Participant. 

 

	9.	Compliance with Applicable Law. 

 Upon the acquisition of any Shares pursuant to the
vesting of the Award, the Participant will make or enter into such written representations, warranties and agreements as the 

  
 6 

 
Administrator may reasonably request in order to comply with Applicable Law or with the Plan or this Agreement. Notwithstanding any other provision in the Plan or this Agreement to the contrary,
the Company shall not be obligated to issue, deliver or transfer Shares, to make any other distribution of benefits or to take any other action, unless such delivery, distribution or action is in compliance with Applicable Law (including but not
limited to the requirements of the Securities Act). 
  

	10.	Notices. 

 Any notice necessary under this Agreement shall be addressed to the Company in
care of its Secretary at the principal executive office of the Company and to the Participant at the address appearing in the personnel or business records of the Company for the Participant or to either party at such other address as either party
hereto may hereafter designate in writing to the other. Any such notice shall be deemed effective upon receipt thereof by the addressee. 
  

	11.	Governing Law. 

 This Agreement shall be governed by and construed in accordance with the
laws of the state of Delaware without regard to conflicts of laws, and in accordance with applicable federal laws of the United States. Any and all disputes between the Participant or any person claiming through him and the Company or any Affiliate
relating to the Plan or this Agreement shall be brought only in the state courts of Greenville, South Carolina, or the United States District Court for the District of South Carolina, Greenville division, as appropriate. 

 

	12.	Award Subject to Plan. 

 By entering into this Agreement, the Participant agrees and
acknowledges that the Participant has received and read a copy of the Plan and Plan prospectus. The Participant acknowledges and agrees that the Award is subject to the Plan. The terms and provisions of the Plan, as they may be amended from time to
time, are hereby incorporated herein by reference. In the event of a conflict between any express term or provision contained herein and a term or provision of the Plan, the applicable terms and provisions of the Plan will govern and prevail, unless
the Administrator determines otherwise. 
  

	13.	Signature in Counterparts. 

 This Agreement may be signed in counterparts, each of which
shall be an original, with the same effect as if the signatures thereto and hereto were upon the same instrument. 
  

	14.	Amendment; Waiver; Superseding Effect. 

 This Agreement may be modified or amended as
provided in the Plan. The waiver by the Company of a breach of any provision of this Agreement by the Participant shall not operate or be construed as a waiver of any subsequent breach by the Participant. The Agreement supersedes any statements,
representations or agreements of the Company with respect to the grant of the Award or any related rights, and the Participant hereby waives any rights or claims related to any such statements, representations or agreements. 

  
 7 

	15.	Recoupment and Forfeiture. 

 As a condition to receiving the Award, the Participant
agrees that he shall abide by the Company’s Compensation Recoupment Policy and Stock Ownership and Retention Policy (including but not limited to such policy’s stock retention requirements) and/or other policies adopted by the Company or
an Affiliate, each as in effect from time to time and to the extent applicable to the Participant. Further, the Participant shall be subject to such compensation recovery, recoupment, forfeiture or other similar provisions as may apply under
Applicable Law. 
  

	16.	Administration. 

 The authority to construe and interpret this Agreement and the Plan,
and to administer all aspects of the Plan, shall be vested in the Administrator, and the Administrator shall have all powers with respect to this Agreement as are provided in the Plan, including but not limited to the sole authority to determine
whether and to what degree the Award is earned and vested. Any interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding. 

 

	17.	Severability. 

 The provisions of this Agreement are severable and if any one or more
provisions shall be held illegal or invalid for any reason, such illegality or invalidity shall not affect the remaining parts of this Agreement, and the Agreement shall be construed and enforced as if the illegal or invalid provision had not been
included. 
  

	18.	Right of Offset. 

 Notwithstanding any other provision of the Plan or this Agreement, the
Company may at any time (subject to any Code Section 409A considerations) reduce the amount of any payment or benefit otherwise payable to or on behalf of the Participant by the amount of any obligation of the Participant to the Company or an
Affiliate that is or becomes due and payable, and by entering into this Agreement, the Participant shall be deemed to have consented to such reduction. 

[Signature Page to Follow] 

  
 8 

 SIGNATURE PAGE TO PERFORMANCE-CONTINGENT 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

IN WITNESS WHEREOF, the parties have caused this Agreement to be effective as of the Date of Grant specified below. 

 

	 Date of Grant: 
	[            ] 

  

	 Performance Period:
	[            , 20     to             , 20    .] 

 

	 	The actual number of Shares, if any, subject to the Award that may be earned shall be determined based on the attainment of the performance goals specified in Schedule A or Schedule B, as applicable, as determined
by the Administrator following the end of the Performance Period; provided, however, that except as provided herein, no Shares shall vest and be issuable to the Participant unless the Participant is continuously employed by or in service with the
Company from the Date of Grant until the Vesting Date and the provisions of Section 1 of Schedule A or Section 1 of Schedule B, as applicable, are met. 

 

	 Vesting Date: 
	[            ] 

  

	 Number of Target Units: 
	 The aggregate target number of restricted stock units for the Performance Period for the Participant is set forth beneath the Participant’s signature to this Agreement (the
“Target Units”); of such number, the target number of restricted stock units that may be earned based on the attainment of the performance goals specified in Schedule A (the “Objective Criteria Target Units”) and
the target number of restricted stock units that may be earned based on the attainment of the performance goals specified in Schedule B (the “Qualitative Criteria Target Units”) also are set forth beneath the Participant’s
signature to this Agreement. Notwithstanding the foregoing, in the event that the Participant’s employment or service with the Company is terminated due to a Qualifying Termination, then a pro-rata portion of the Target Units may be earned and
vested in accordance with this Agreement. The pro-rata portion that may be earned and vested shall be determined by multiplying the total number of the Target Units by a fraction, the numerator of which is the number of calendar days from the first
day of the Performance 

  
 9 

 SIGNATURE PAGE TO PERFORMANCE-CONTINGENT 

RESTRICTED STOCK UNIT AWARD AGREEMENT 
  

	 	 
Period through the date of the Qualifying Termination, and the denominator of which is the total number of calendar days in the Performance Period. Following a Qualifying Termination, the use of
the term “Target Units” shall mean the pro-rata portion of the Target Units as determined pursuant to the immediately preceding sentence. 

  

	 Number of Objective Criteria Target Units Earned: 
	[            ]% of the Objective Criteria Target Units shall be eligible to be earned based on attainment of the Objective Criteria Threshold Performance Goal for the Performance
Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. 

  

	 	[            ]% of the Objective Criteria Target Units shall be eligible to be earned based on attainment of the Objective Criteria Target Performance Goal for
the Performance Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. 

  

	 	[            ]% of the Objective Criteria Target Units shall be eligible to be earned based on attainment of the Objective Criteria Maximum Performance Goal
for the Performance Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. 

  

	 	One Share of the Company’s stock will be issued for each Objective Criteria Target Unit earned and vested in accordance with this Agreement and Schedule A. 

 

	 Number of Qualitative Criteria Target Units Earned: 
	Up to [            ]% of the Qualitative Criteria Target Units shall be eligible to be earned based on the attainment of the Qualitative Criteria Performance Goal for the Performance
Period, subject to continued employment or service as provided herein except in the case of a Qualifying Termination. 

  

	 	 One Share of the Company’s stock will be issued for each Qualitative Criteria Target Unit earned and vested in accordance with this Agreement and Schedule B.

  
 10 

 SIGNATURE PAGE TO PERFORMANCE-CONTINGENT 

RESTRICTED STOCK UNIT AWARD AGREEMENT 
  

 
			
	Participant:
	
	  

	Printed Name: [            ]
	
	Target Units: [            ], of which [            ] are Objective Criteria Target Units and
[            ] are Qualitative Criteria Target Units.
	
	Regional Management Corp.
		
	By:	 	  

	Name: [            ]
	Its: [            ]

  
 11 

 Schedule A 

REGIONAL MANAGEMENT CORP. 

2015 LONG-TERM INCENTIVE PLAN 

PERFORMANCE-CONTINGENT 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Schedule A sets forth the objective performance targets (the “Objective Criteria Targets”) for the objective criteria
performance-based and service-based Restricted Stock Unit Award (the “Objective Criteria Award”) under the Regional Management Corp. 2015 Long-Term Incentive Plan, as it may be amended and/or restated (the “Plan”),
evidenced by the Performance-Contingent Restricted Stock Unit Award Agreement (the “Agreement”) to which it is attached. Capitalized terms not expressly defined in this Schedule A but defined in the Plan or the Agreement shall
have the same definitions as in the Plan and/or the Agreement, as applicable. 
 1. Vesting Terms of Objective Criteria Target
Units: Except as otherwise provided in this Agreement, the Objective Criteria Award is subject to both continued service and performance requirements as follows: 

(a) Threshold Performance Goal: [            ]% of the Objective
Criteria Target Units subject to the Objective Criteria Award shall vest and be earned if (i) [            ] meets or exceeds
[            ] for the Performance Period (the “Objective Criteria Threshold Performance Goal”), and (ii) the Participant is employed by or in service with the Company
on the Vesting Date and has been continuously employed or in service since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(a)(i) and the service condition described in
Section 1(a)(ii) must be met in order for any of the Objective Criteria Target Units to vest pursuant to this Section 1(a). 
 (b)
Target Performance Goal: [            ]% of the Objective Criteria Target Units subject to the Objective Criteria Award shall vest and be earned if
(i) [            ] meets or exceeds [            ] for the Performance Period (the “Objective Criteria Target
Performance Goal”), and (ii) the Participant is employed by or in service with the Company on the Vesting Date and has been continuously employed or in service since the Date of Grant. Except as otherwise provided in this Agreement,
both the performance condition described in Section 1(b)(i) and the service condition described in Section 1(b)(ii) must be met in order for any of the Objective Criteria Target Units to vest pursuant to this Section 1(b). 

(c) Maximum Performance Goal: [            ]% of the Objective Criteria
Target Units subject to the Objective Criteria Award shall vest and be earned if (i) [            ] meets or exceeds
[            ] for the Performance Period (the “Objective Criteria Maximum Performance Goal”), and (ii) the Participant is employed by or in service with the Company
on the Vesting Date and has been continuously employed or in service since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(c)(i) and the service condition described in
Section 1(c)(ii) must be met in order for any of the Objective Criteria Target Units to vest pursuant to this Section 1(c). 

  
 A-1 

 Notwithstanding the foregoing, the Objective Criteria Award shall not be deemed payable, in whole
or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending [            ], and
(B) the Administrator’s written certification regarding if and to the extent the applicable performance goals have been met. The Company’s calculation of [            ] for
the Performance Period shall be conclusive and binding absent fraud or manifest and material error. 
 2. Definitions: [Insert
definition of performance criteria.] 
 3. Determination of Number of Objective Criteria Target Units Earned; Additional
Terms: The total number of Objective Criteria Target Units that may be eligible to be earned under the Objective Criteria Award is between [            ]% and
[            ]% of the number of Objective Criteria Target Units (as adjusted as provided in the Agreement in the case of a Qualifying Termination) based on attainment of
[            ] for the Performance Period. If [            ] for the Performance Period is below the Objective Criteria Threshold
Performance Goal, no Objective Criteria Target Units are earned for the Performance Period; if [            ] for the Performance Period is at the Objective Criteria Threshold Performance
Goal, [            ]% of the Objective Criteria Target Units are earned for the Performance Period; if [            ] for the
Performance Period is at the Objective Criteria Target Performance Goal, [            ]% of the Objective Criteria Target Units are earned for the Performance Period; and if
[            ] for the Performance Period is at the Objective Criteria Maximum Performance Goal, [            ]% of the Objective
Criteria Target Units are earned for the Performance Period, subject in all cases, except in the case of a Qualifying Termination, to the Participant’s continued employment from the Date of Grant until the Vesting Date. As further
clarification, the Objective Criteria Target Units deemed earned for [            ] results between (A) the Objective Criteria Threshold Performance Goal and the Objective Criteria
Target Performance Goal and (B) the Objective Criteria Target Performance Goal and the Objective Criteria Maximum Performance Goal will be calculated using linear interpolation. 

  
 A-2 

 Schedule B 

REGIONAL MANAGEMENT CORP. 

2015 LONG-TERM INCENTIVE PLAN 

PERFORMANCE-CONTINGENT 

RESTRICTED STOCK UNIT AWARD AGREEMENT 

Schedule B sets forth the qualitative performance targets (the “Qualitative Criteria Targets”) for the qualitative
criteria performance-based and service-based Restricted Stock Unit Award (the “Qualitative Criteria Award”) under the Regional Management Corp. 2015 Long-Term Incentive Plan, as it may be amended and/or restated (the
“Plan”), evidenced by the Performance-Contingent Restricted Stock Unit Award Agreement (the “Agreement”) to which it is attached. Capitalized terms not expressly defined in this Schedule B but defined in the
Plan or the Agreement shall have the same definitions as in the Plan and/or the Agreement, as applicable. 
 1. Vesting Terms
of Qualitative Criteria Target Units: 
 (a) Except as otherwise provided in this Agreement, up to
[            ]% of the Qualitative Criteria Target Units subject to the Qualitative Criteria Award shall vest and be earned (i) based on
[            ] (the “Qualitative Criteria Performance Goal”) for the Performance Period, and (ii) the Participant is employed by or in service with the Company on the
Vesting Date and has been continuously employed or in service since the Date of Grant. Except as otherwise provided in this Agreement, both the performance condition described in Section 1(a)(i) and the service condition described in
Section 1(a)(ii) must be met in order for any of the Qualitative Criteria Target Units to vest pursuant to this Section 1. 
 (b)
Upon the attainment of the Qualitative Criteria Target Performance Goal, which shall be determined by the Administrator, [            ]% of the total number of Qualitative Criteria Target
Units shall be earned for the Performance Period. 
 (c) Notwithstanding the foregoing, the Qualitative Criteria Award shall not be deemed
payable, in whole or in part, until both of the following events have occurred: (A) the completion of the Company’s audited financial statements for the fiscal year ending
[            ], and (B) the Administrator’s written certification regarding if and to the extent the applicable performance goals have been met. 

2. Definitions: [Insert definition of performance criteria.] 

3. Determination of Number of Qualitative Criteria Target Units Earned; Additional Terms: The total number of Qualitative
Criteria Target Units that may be eligible to be earned under the Qualitative Criteria Award is between [            ]% and
[            ]% of the number of Qualitative Criteria Target Units (as adjusted as provided herein in the case of a Qualifying Termination) based on attainment of the Qualitative Criteria
Performance Goal for the Performance Period, subject in all cases, except in the case of a Qualifying Termination, to the Participant’s continued employment from the Date of Grant until the Vesting Date. 

  
 B-1

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