Document:

EX-10.7

 Exhibit 10.7 

REGIONAL MANAGEMENT CORP. 

2015 LONG-TERM INCENTIVE PLAN 

STOCK AWARD AGREEMENT 

THIS OTHER STOCK-BASED AWARD AGREEMENT FOR SHARES OF COMMON STOCK, or STOCK 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. 

The Company hereby grants to the Participant an Other Stock-Based Award in the form of an Award of shares of Common Stock (the
“Award”), subject to the terms and conditions of the Plan and this Agreement, for the number of shares of Common Stock (the “Shares”) set forth on the signature page hereto, subject to adjustment as set forth in the
Plan. 
 2. Vesting. 
 The Shares
subject to the Award shall be vested immediately as of the Date of Grant; provided, however, that notwithstanding the foregoing, the Award and the Shares shall be subject to such limitations and restrictions as may be provided under the terms of the
Plan or this Agreement. 
 3. Rights as a Stockholder; Settlement of Award. 

(a) The Participant shall not have any rights to dividends, voting rights or other rights of a stockholder with respect to Shares subject to an
Award unless and until certificates for such Shares have been issued to him (or other written evidence of ownership in accordance with Applicable Law has been provided). A certificate or certificates for the Shares subject to the Award (or other
written evidence of ownership) shall be issued in the name of the Participant as soon as practicable after the Award has been granted. Except as otherwise provided in the Plan or this Agreement, the Participant shall have all voting, dividend and
other rights of a stockholder with respect to the Shares following issuance of the certificate or certificates (or other written evidence of ownership) for the Shares. 

(b) Notwithstanding any other provision of the Plan or this Agreement to the contrary, no Shares shall be distributable pursuant to 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. 

 (c) 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. 

(d) The Award shall be payable in whole Shares. The total number of Shares that may be acquired pursuant to the Award (or portion thereof)
shall be rounded down to the nearest whole share. 
 4. 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 the Company or an Affiliate to terminate the Participant’s employment or service at any time. The grant of the Award does not create any obligation to grant further awards.

 5. Legend on Certificates. 
 The
Shares acquired pursuant to 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. 
 6.
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. 
 7. 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 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 

  
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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 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. 
 8. Compliance with Applicable Law. 

Upon the acquisition of any Shares pursuant to the Award, the Participant will make or enter into such written representations, warranties and
agreements as the 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). 
 9. 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 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. 

10. 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. 

  
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 11. 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. Unless otherwise defined herein,
capitalized terms in this Agreement shall have the same definitions as set forth in the Plan. 
 12. 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. 
 13. 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. 
 14. Recoupment and
Forfeiture. 
 As a condition to receiving the Award, the Participant agrees that he shall abide by the Company’s Compensation
Recovery 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. 

15. 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. Any
interpretation of this Agreement by the Administrator and any decision made by it with respect to this Agreement is final and binding. 

  
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 16. 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. 

17. 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] 

  
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 SIGNATURE PAGE TO STOCK 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:
[                            ] 

Shares Subject to Award:
[                            ] 

Vesting Date:
[                                ] 

 

			
	Participant:
	
	  

	Printed Name: [                    ]
	
	Regional Management Corp.
		
	By:		  

	Name:		  

	Its:		  

  
 6Exhibit 4.20

 

OPERATING AGREEMENT

 

(Summary Translation)

 

This Agreement is made and entered into by the Parties below
on December 4, 2014 in Beijing, People’s Republic of China (“ China ”).

 

Party A: Beijing Tuo Shi Huan Yu Network Technology Co.,
Ltd., a limited liability company established and existing under the PRC law;

 

Party B: Beijing Hua Ju Tian Xia Network Technology Co.,
Ltd.

 

Party C: Mo Tianquan

 

WHEREAS:

 

		1.	Party A is a wholly foreign owned enterprise established in China;

 

		2.	Party B is a wholly domestically funded company registered in China, with the approval of Beijing Administration of Industry
and Commerce to engage in the advertising business;

 

		3.	Party A and Party B have established a business relationship through an Exclusive Technical Consultancy and Services Agreement;

 

		4.	Pursuant to the Exclusive Technical Consultancy and Services Agreement between Party A and Party B, Party B shall pay Party
A certain specified amounts, which have not yet been paid by Party B, while Party B’s daily operations have a material effect
on the ability of Party B to pay such remuneration to Party A;

 

		5.	Party C is the sole shareholder of Party B, holding the entire equity interests in Party B; and

 

		6.	Party A, Party B, and Party C hereby agree to further identify matters in relation to the operation of Party B’s business
pursuant to this Agreement.

 

NOW, THEREFORE, the Parties hereof through negotiation agree
as follows:

 

		1.	When Party B enters into a business contract or agreement with any third party (“ Third Party ”) and is
in line with the relevant terms and conditions hereunder, Party A hereby agrees that it shall sign, with such Third Party upon
its request, a written agreement to be the performance guarantor of Party B by furnishing complete guaranty for Party B’s
performance under such contract or agreement in order to ensure the normal operation of Party B’s business. As counter security,
Party B hereby agrees that it shall mortgage to Party A its accounts receivable and all of its assets.

 

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		2.	In accordance with the provisions of Article 1 and in order to guarantee the performance of all business agreements, including
the Exclusive Technical Consultancy and Services Agreement, between Party A and Party B, and the disbursement of all accounts payable
by Party B to Party A under the Exclusive Technical Consultancy and Services Agreement, Party B and its shareholder, Party C, hereby
agree that Party B, without the prior written consent of Party A or its designee, shall not engage in any transaction that may
materially affect the assets, obligations, rights and operations of Party B, including but not limited to the following:

 

		2.1	borrowing money or undertaking any obligation from any Third Party;

 

		2.2	selling to or acquiring from any Third Party any assets or rights, including but not limited to any intellectual property rights;

 

		2.3	providing security with the title of its assets or intellectual property rights for the benefit of any Third Party; and

 

		2.4	Transferring rights and obligations herein to any Third Party.

 

		3.	In order to ensure the performance of the Exclusive Technical Consultancy and Services Agreement and other business agreements
between Party A and Party B and the payment of the various payable sums by Party B to Party A in accordance with the Exclusive
Technical Consulting and Services Agreement and other business agreements, Party B and its shareholder, Party C, agree (1) to accept
the policies and guidelines on appointment and dismissal of company personnel, on daily operations and administration, on corporate
finance management and on such other things as may be provided by Party A from time to time, and (2) that Party B’s annual
budget shall be subject to review and approval by Party A, including the profit forecast, working capital, pricing strategies and
payment policies. Party B’s operating costs shall not exceed the annual budget approved by Party A.

 

		4.	Party B and its shareholder, Party C, hereby agree that Party B and Party C shall appoint the persons designated by Party
A to be the directors of Party B, and senior management personnel employed by, and as designated by, Party A to be the general
manager, chief financial officer and other senior management personnel of Party B. If the aforesaid directors or senior management
personnel designated by Party A leave Party A, regardless of whether they resign or are dismissed by Party A, such persons shall
lose the qualification of being in charge of any post of Party B. Under such circumstances, Party B and Party C shall appoint other
senior management personnel designated by Party A to assume such posts.

 

		5.	Party C hereby agrees that he shall, concurrently with the execution this Agreement, execute a corresponding Shareholders’
Proxy Agreement under which Party C shall authorize and entrust Party A or a person designated by Party A to exercise any and all
shareholders’ rights of Party C to vote pursuant to provisions of laws and Party B’s Articles of Association.

 

		6.	Party B and its shareholder, Party C, hereby agree and confirm that, apart from the agreed provisions in Article 1 herein,
if Party B is in need of any other guaranty for Party B’s performance or security for borrowing to finance its working capital,
it shall first seek guaranty or security from Party A. Under such circumstances, Party A is entitled to decide whether to furnish
proper guaranty or security for Party B based on Party A’s own judgment. If Party A decides not to furnish such guaranty
or security for Party B, it shall notify Party B in writing in time, and thereafter, Party B can seek guaranty or security from
any Third Party. Party A hereby agrees to and confirms that it has the obligation to provide Party B with funding or other financial
assistance upon the reasonable request by Party B in the event that Party B suffers serious losses in its business operations.
Party A and Party B agree to discuss the specific plan and forms of assistance on the basis of Party B’s actual situation
at that time.

 

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		7.	In case of the termination or expiry of any agreement between Party A and Party B, Party A is entitled, but not obligated,
to terminate all other agreements between Party A and Party B, including but not limited to the Exclusive Technical Consultancy
and Services Agreement.

 

		8.	Amendments and supplements to this Agreement shall be made in writing. Such amendments and supplements properly signed by the
Parties shall constitute an integral part of this Agreement with the same validity.

 

		9.	This Agreement shall be governed by and interpreted in accordance with the PRC law, excluding, for purposes of this Agreement,
the laws of Taiwan, the Hong Kong Special Administration Region or the Macau Special Administration Region.

 

		10.	Dispute Settlement

 

Any dispute arising from the interpretation of or
the performance of the terms and conditions hereunder shall be settled through bona fide negotiations. If such dispute cannot be
so settled, it may be submitted by any Party to the China International Economic and Trade Arbitration Commission and arbitrated
in Beijing, China pursuant to the current arbitration rules. The language for arbitration will be Chinese. The arbitration award
shall be accepted as final and binding upon the Parties.

 

		11.	Notice

 

Any notice or other communication sent by any Party
shall be written in Chinese, and sent by mail or facsimile transmission to the addresses of the other Parties set forth below or
to other designated addresses previously notified by any such other Party. If any Party changes its address, it shall notify the
other Parties of such change in a timely and effective manner. The dates on which such notices are deemed to have been effectively
given shall be determined as follows:

 

		(A)	Notices given by personal delivery shall be deemed effectively given on the date of personal delivery;

 

		(B)	Notices sent by registered airmail (postage prepaid) shall be deemed effectively given on the seventh (7 th ) day after the
date on which they were mailed (as indicated by the postmark);

 

		(C)	Notices sent by a courier recognized by the Parties shall be deemed effectively given on the third (3 rd ) day after they were
sent to such courier service agency; and

 

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		(D)	Notices sent by facsimile transmission shall be deemed effectively given on the first business day following the date of transmission,
as indicated on the document.

 

		12.	This Agreement shall come into force upon signature by authorized representatives of the Parties hereof on the date contained
at the beginning. This Agreement shall remain valid for ten (10) years unless it is terminated in advance pursuant to the
terms and conditions hereunder. Party B and Party C hereby agree that the term of this Agreement, upon Party A’s confirmation
before termination, can be extended to a date designated in Party A’s written confirmation.

 

		13.	This Agreement shall be terminated on the expiry date unless validity of the terms and conditions concerned herein is extended.
During the term, Party B and Party C shall not terminate this Agreement. Notwithstanding the above, Party A can terminate this
Agreement at any time by notifying Party B and Party C in writing thirty (30) days in advance.

 

		14.	This Agreement shall be binding upon each Party’s successors and transferees permitted under this Agreement in the same
effect as if they were contracting parties to this Agreement.

 

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	Party A:	Beijing Tuo Shi Huan Yu Network Technology Co., Ltd. (seal)
	Signed:	/s/	 
	Authorized signatory	 
	 	 	 
	Party B:	Beijing Hua Ju Tian Xia Network Technology Co., Ltd. (seal)
	Signed:	/s/	 
	Authorized signatory	 
	 	 	 
	Party C:	Mo Tianquan	 
	Signed:	/s/ Mo Tianquan	 

 

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