Document:

Exhibit 4.1

 

AMENDMENT TO WARRANTS
 TO PURCHASE COMMON STOCK

 

This AMENDMENT TO WARRANTS TO PURCHASE COMMON STOCK (this “Amendment”) is dated as of November 5, 2019, by and among Ocugen, Inc., a Delaware corporation formerly known as Histogenics Corporation (the “Company”), and [              ] (the “Holder”).  The Holder and the other purchasers of the Warrants (defined below) are referred to herein collectively as the “Holders.”

 

WHEREAS, the Company previously entered into an Agreement and Plan of Merger and Reorganization, as amended (the “Merger Agreement”), pursuant to which, effective on September 27, 2019, a wholly owned subsidiary of the Company merged with and into Ocugen OpCo, Inc, a Delaware corporation formerly known as Ocugen, Inc. (“OpCo”), with OpCo surviving as a wholly owned subsidiary of the Company (the “Merger”);

 

WHEREAS, in connection with the Merger, the Company previously entered into that certain Securities Purchase Agreement dated as of June 13, 2019 (the “Securities Purchase Agreement”) with the Holder and certain other investors party thereto (the “Other Holders” and together with the Holder, the “Holders”) pursuant to which, among other things, (i) the Company issued and sold to the Holders certain shares of common stock, par value $0.01 per share (“Common Stock”), described therein as the “Ocugen Financing Shares,” and (ii) the Company, as of October 4, 2019, issued and sold to the Holders (a) warrants designated “Series A Warrants” representing the right to acquire an amount of Common Stock up to the amount issuable in exchange for 200% of the Ocugen Financing Shares upon consummation of the Merger (the “Series A Warrants”), (b) warrants designated “Series B Warrants” representing the right to acquire additional shares of Common Stock as specified therein (the “Series B Warrants”), and (c)  warrants designated “Series C Warrants” representing the right to acquire up to 50 million shares of Common Stock in the aggregate (the “Series C Warrants,” and together with the Series A Warrants and the Series B Warrants, the “Warrants”) (such transactions, the “Pre-Merger Financing”);

 

WHEREAS, in order to amend the terms of the Warrants issued in connection with the Pre-Merger Financing, Section 9 of each Warrant requires the written consent of the Company and the Holders representing at least a majority of the shares of Common Stock underlying the Warrants then outstanding (the “Required Holders”); and

 

WHEREAS, the Company and  the Holder desire to amend the terms of the Warrants and to take such other actions as are set forth herein;

 

NOW, THEREFORE, in consideration of the mutual covenants and promises set forth herein, the parties hereto, intending to be legally bound, agree, as of the Effective Time (as defined below), as follows:

 

1.                                      Amendments to Series A Warrant.  The Series A Warrant held by the Holder is hereby amended as follows:

 

a.                                      Section 17(s) is hereby amended by deleting the word “or” immediately prior to clause (iv) and adding the following as a new clause (v):

 

“or (v) to a research or non-profit foundation or organization, in each case qualified under Section 501(c) of the Internal Revenue Code of 1986, as amended, in connection with an equity financing of the Company with gross

 

 

proceeds to the Company not to exceed Ten Million Dollars ($10,000,000) and which closes on or before May 31, 2020.”

 

b.                                      Clause (ii) of Section 17(s) is hereby amended to delete the words “; provided, that the terms of such SPA Warrants and Series B Warrants are not amended, modified or changed on or after the Subscription Date” and insert the words “; provided, that the terms of such SPA Warrants and Series B Warrants are not amended, modified or changed on or after November 6, 2019”.

 

2.                                      Amendments to Series B Warrant.  The Series B Warrant held by the Holder is hereby amended as follows:

 

a.                                      The first sentence of the introductory paragraph of such Warrant is hereby amended to delete the words “at any time or times on or after the date hereof” and the first sentence Section 1(a) of such Warrant is hereby amended to delete the words “at any time or times on or after the Issuance Date.”  In each case, such sentences are further amended by inserting, in place of such deleted words, the words “at any time or times on or after the completion of ten (10) Trading Days immediately following the date on which the Registration Statement (as defined below) covering the resale of the Warrant Shares (defined below) is declared effective by the SEC (as defined below)”.

 

b.                                      Clause (1) of Section 17(q) is hereby amended and restated in its entirety as follows:

 

(1) each date that follows the completion of ten (10) Trading Days after each date on which a Registration Statement registering any Registrable Securities for resale by the Holder is declared effective by the SEC and/or is available;

 

3.                                      Amendments to Series C Warrant.  The Series C Warrant held by the Holder is hereby amended as follows:

 

a.                                      Such Warrant is hereby amended such that, notwithstanding anything in the Series C Warrant held by the Holder to the contrary (other than the provisions of Section 1(f)(1) of the Series C Warrant, which shall not be amended), the Series C Warrant is exercisable for an aggregate of up to [        ](1) Warrant Shares.

 

b.                                      The penultimate paragraph of Section 1(d) is hereby amended and restated in its entirety to say: “Notwithstanding the foregoing, from and after November 6, 2019 and prior to the Expiration Date, the Holder may, in its sole discretion exercise this Warrant in whole or in part and, in lieu of making any cash payment otherwise contemplated to be made to the Company upon such exercise in payment of the Aggregate Exercise Price, elect instead to receive upon such exercise a number of shares of Common Stock equal to the number of Warrant Shares.

 

4.                                      Exercise by Holder of Series C Warrant.  Effective immediately following the Effective Time, the Holder hereby exercises, pursuant to the penultimate sentence of Section 1(d) of the Series C Warrant (as amended pursuant to this Amendment), the Series C Warrant held by the Holder for [           ] Warrant Shares, which represents the maximum number of Warrant Shares permitted to be exercised up to the Maximum Percentage (as defined in the Series C Warrant).  The Company shall deliver to the Holder the above indicated number of Warrant Shares in accordance with the terms of the Series C Warrant, as amended pursuant to this Amendment.  The Company hereby acknowledges the aforementioned exercise by the Holder and hereby directs Broadridge Corporate Issuer Solutions, Inc. to issue the above indicated number of Warrant Shares in accordance with the Transfer Agent Instructions

 

(1)  NTD: Number of Warrant Shares to equal 40% of the Holder’s Warrant Shares.

 

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dated September 27, 2019 from the Company and acknowledged and agreed to by Broadridge Corporate Issuer Solutions, Inc.  The Company hereby acknowledges and agrees to honor any subsequent exercises pursuant to the terms of the Series C Warrant, as amended pursuant to this Amendment.

 

5.                                      Leak-Out Agreement.

 

a.                                      The Holder agrees with the Company that from the Effective Time through 4:00 p.m. ET on January 27, 2020, neither the Holder, nor any affiliate of such Holder which (x) had or has knowledge of the transactions contemplated by the Securities Purchase Agreement and/or the Warrants, (y) has or shares discretion relating to such Holder’s investments or trading or information concerning such Holder’s investments, including in respect of the Warrant Shares, or (z) is subject to such Holder’s review or input concerning such affiliate’s investments or trading (together, the “Holder’s Trading Affiliates”), collectively, shall sell, dispose or otherwise transfer, directly or indirectly, (including, without limitation, any sales, short sales, swaps or any derivative transactions that would be equivalent to any sales or short positions) on any Trading Day (any such date, a “Date of Determination”), shares of Common Stock of the Company, Warrant Shares or shares of common stock of the Company underlying any other Convertible Securities, held by the Holder on the effective date of this Amendment (collectively, the “Restricted Securities”), in an amount representing more than [  ]%(2) (the “Restriction Percentage”) of the composite trading volume of Common Stock as reported by Bloomberg, LP on each applicable Date of Determination; provided, that the foregoing restriction shall not apply to any actual “long” (as defined in Regulation SHO of the 1934 Act) sales by the Holder or any of the Holder’s Trading Affiliates at a price greater than $3.00 (in each case, as adjusted for stock splits, stock dividends, stock combinations, recapitalizations or other similar events occurring after the date hereof); provided, further, the foregoing restriction shall not apply to any actual “long” sales of shares of Common Stock purchased in open market transactions by the Holder or any of the Holder’s Trading Affiliates.  Notwithstanding anything to the contrary contained in this Section 5(a), from 4:00:01 p.m. ET on November 19, 2019 through 4:00 p.m. ET on January 27, 2020, the Restriction Percentage shall be [   ]%(3) instead of [   ]%(4).

 

b.                                      Notwithstanding anything in this Section 5 to the contrary, the Holder may, directly or indirectly, sell or transfer all, but not less than all, of any Restricted Securities to any Person (an “Assignee”) in a transaction which does not need to be reported on the consolidated tape on the Principal Market, without complying with (or otherwise limited by) the restrictions set forth in this Section 5; provided, that as a condition to any such sale or transfer an authorized signatory of the Company and such Assignee duly execute and deliver a leak-out agreement having operative provisions at least as restrictive as this Section 5.

 

6.                                      Effectiveness.  Notwithstanding anything to the contrary contained herein, the amendments to the Warrants set forth herein as well as all other rights, benefits and obligations set forth herein shall only be effective upon the execution of this Amendment by the Company and the Holder, and substantially identical amendments by the Company and each Other Holder who, together with the Holder, hold all of the Warrants (the time of effectiveness, the “Effective Time”).

 

7.                                      Securities Act Exemption. Neither the Holder nor anyone acting on behalf of the Holder has received any commission or remuneration directly or indirectly in connection with or in order to solicit or facilitate the transactions contemplated by this Amendment.  The Holder understands that the transactions contemplated hereby, to the extent they may, individually or in the aggregate, be considered an exchange of securities, are intended to be exempt from registration by virtue of Section 3(a)(9) of the 1933 Act.

 

(2)  NTD: Amount to equal each investor’s pro rata piece of 35%.

(3)  NTD: Amount to equal each investor’s pro rata piece of 42%.

(4)  NTD: Amount to equal each investor’s pro rata piece of 35%.

 

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The Holder understands that the Company is relying upon the truth and accuracy of the representations, warranties, agreements, acknowledgments and understandings of the Holder set forth in the Securities Purchase Agreement for purposes of qualifying for the exemption under Section 3(a)(9) of the 1933 Act as well as qualifying for exemptions under applicable state securities laws.

 

8.                                      Holder Acting Independently.  The obligations of the Holder under this Amendment are several and not joint with the obligations of any Other Holder under any other agreement, and the Holder shall not be responsible in any way for the performance of the obligations of any Other Holder under any such other agreement.  Nothing contained herein or in any other agreement, and no action taken by the Holder pursuant hereto, shall be deemed to constitute the Holder and any Other Holders as a partnership, an association, a joint venture or any other kind of entity, or create a presumption that the Holder and any Other Holders are in any way acting in concert or as a group with respect to such obligations or the transactions contemplated by this Amendment or any other agreement and the Company acknowledges that the Holder and the Other Holders are not acting in concert or as a group with respect to such obligations or the transactions contemplated by this Amendment or any other agreement.  The Company and the Holder confirm that the Holder has independently participated in the negotiation of the transactions contemplated hereby with the advice of its own counsel and advisors.  The Holder shall be entitled to independently protect and enforce its rights, including, without limitation, the rights arising out of this Amendment, and it shall not be necessary for any Other Holder to be joined as an additional party in any proceeding for such purpose.

 

9.                                      Filing of Form 8-K.  Prior to 9:00 am ET on November 6, 2019 (the “8-K Filing Deadline”), (i) the Company shall file with the SEC a Current Report on Form 8-K (the “8-K Filing”) disclosing the material terms of the transactions contemplated hereby and the material terms of the other substantially similar agreements with Other Holders (the “Other Warrant Amendments”) to be entered into contemporaneously herewith, and attaching the form of this Amendment to the Form 8-K and (ii) the Company shall file with the SEC a prospectus supplement to the Registration Statement reflecting the amended terms of the Warrants contemplated hereby such that the Registration Statement, after giving effect to such prospectus supplement, registers for resale all of the shares of Common Stock issuable upon exercise of the Warrants (as amended pursuant to this Amendment).  For the avoidance of doubt, the Company acknowledges and agrees that the prospectus supplement filed pursuant to clause (ii) of the immediately preceding sentence shall be subject to the terms and conditions set forth in the Registration Rights Agreement.  The Company expressly acknowledges and agrees that, following the earlier of the date of the 8-K Filing and the 8-K Filing Deadline, neither the Holder nor any of its affiliates shall have any duty of confidentiality, trust or confidence with respect to, or a duty not to trade on the basis of, any information related to this Amendment or the Other Warrant Amendments.

 

10.                               MFN.  The Company represents and warrants as of the date hereof and covenants and agrees from and after the date hereof that none of the terms offered to any Other Holder with respect to any of the transactions contemplated by this Amendment, including, without limitation, trading restrictions set forth in Section 5 above (or any amendment, modification, waiver or release thereof) (each a “Settlement Document”), is or will be more favorable to such Other Holder than those of the Holder and this Amendment.  If, and whenever on or after the date hereof, the Company enters into a Settlement Document with terms that are not substantially identical to this Amendment, then (i) the Company shall provide notice thereof to the Holder promptly following the occurrence thereof and (ii) the terms and conditions of this Amendment shall be, without any further action by the Holder or the Company, automatically amended and modified in an economically and legally equivalent manner such that the Holder shall receive the benefit of the more favorable terms and/or conditions (as the case may be) set forth in such Settlement Document, provided that upon written notice to the Company at any time the Holder may elect not to accept the benefit of any such amended or modified term or condition, in which event the term or condition contained in this Amendment shall apply to the Holder as it was in effect

 

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immediately prior to such amendment or modification as if such amendment or modification never occurred with respect to the Holder.  The provisions of this paragraph shall apply similarly and equally to each Settlement Document.

 

11.                               Effect of Amendment.  The Company and the Holder hereby agree and acknowledge that except as provided in this Amendment, the Warrants held by the Holder shall remain in full force and effect and have not been modified or amended in any respect, it being the intention of the Company and the Holder that this Amendment and the Warrants be read, construed and interpreted as one and the same instrument.

 

12.                               References to Warrants.  The Warrants held by the Holder are hereby modified in such a manner as to be consistent with all modifications and agreements contained herein and to the extent that all references therein to and descriptions therein of such Warrants shall be deemed to refer to and describe such Warrants as amended by this Amendment.

 

13.                               Capitalized Terms.  All capitalized terms not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Warrants.

 

14.                               Miscellaneous.  Sections 8 through 13 and Section 15 of the Warrants is applicable to this Amendment and are incorporated herein by reference.

 

15.                               Counterparts.  This Amendment may be executed (including by facsimile) in any number of counterparts and by any combination of the parties hereto in separate counterparts, each of which counterparts shall be an original and all of which taken together shall constitute one and the same Agreement.

 

[signature page follows]

 

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IN WITNESS WHEREOF, the parties hereto have executed this Amendment as of the day and year first above written.

 

	
 
    	
COMPANY:
    
	
 
    	
 
    
	
 
    	
OCUGEN, INC.
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    
	
 
    	
 
    
	
 
    	
HOLDER:
    
	
 
    	
 
    
	
 
    	
[            ]
    
	
 
    	
 
    
	
 
    	
By:
    	
 
    
	
 
    	
 
    	
Name:
    
	
 
    	
 
    	
Title:
    

 

[Signature Page to Amendment Warrants to Purchase Common Stock]EX-10.2

 EXHIBIT 10.2 

EXECUTION VERSION 

AMENDMENT NO. 3 
 TO
CREDIT AGREEMENT 
 This THIRD AMENDMENT, dated as of September 9, 2019 (this “Third Amendment”), to the Credit
Agreement, dated as of June 20, 2017 (as amended by that certain First Amendment and that certain Second Amendment thereto (each, as hereinafter defined), the “Credit Agreement”), among Regional Management Receivables II, LLC,
as borrower (the “Borrower”), Regional Management Corp. (“Regional Management”), as servicer, the lenders from time to time parties thereto, the agents from time to time parties thereto, Wells Fargo Bank, National
Association (“Wells Fargo Bank”), as administrative agent (in such capacity, the “Administrative Agent”), Credit Suisse AG, New York Branch (“Credit Suisse”), as structuring and syndication agent,
and Wells Fargo Bank, as account bank, image file custodian and backup servicer, is hereby entered into by and among the entities identified on the respective signature pages hereto. 

WITNESSETH: 
 WHEREAS, the
Credit Agreement and certain other Basic Documents were previously amended in connection with that certain Omnibus Amendment, dated as of June 28, 2018 (the “First Amendment”), and by that certain Second Amendment, dated as of
August 30, 2018 (the “Second Amendment”), in each case, by and among the Borrower, Regional Management, Wells Fargo Bank, Credit Suisse and the various other entities identified on the respective signature pages thereto; 

WHEREAS, Section 15.01 of the Credit Agreement permits certain of the parties thereto to amend, modify, or waive
certain provisions of the Credit Agreement subject to the satisfaction of certain conditions set forth in such section; and 
 WHEREAS, the
parties hereto desire to amend certain provisions of the Credit Agreement as set forth herein;      
 NOW, THEREFORE,
based upon the mutual promises and agreements contained herein, and for other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the undersigned, intending to be legally bound, hereby consent and agree as
follows: 
 AGREEMENTS 
 1. Defined
Terms. All capitalized terms used but not otherwise defined herein shall have the meanings assigned thereto in the Credit Agreement as amended hereby. 

2. Amendments. The Credit Agreement is hereby amended as follows: 

(a)    The defined term “Credit Suisse Lender Group” contained in Section 1.01 is
hereby deleted in its entirety and replaced with the following: 
 ““Credit Suisse Lender Group” means
the group of Lenders consisting of (i) GIFS Capital Company, LLC, (ii) the Credit Suisse Agent, (iii) the Credit Suisse Committed Lender, (iv) Alpine Securitization Ltd. and (v) any other Conduit Lender in the

 
Credit Suisse Lender Group designated as such in the Class A Lender Supplement or Class B Lender Supplement, as applicable, or Assignment and Acceptance pursuant to which such Conduit
Lender became a party to this Agreement.” 
 (b)    Clause (a) of Section 2.01 is
hereby deleted in its entirety and replaced with the following: 
 “(a) On the terms and subject to the conditions set
forth in this Agreement (including the conditions precedent set forth in Article 4), the Borrower may from time to time on any Business Day during the Revolving Period, request that each Conduit Lender and Committed Lender make an advance (each such
advance made by (i) a Class A Lender, a “Class A Loan”, and (ii) a Class B Lender, a “Class B Loan”) in the amount of each such Conduit Lender’s or Committed Lender’s Lender Percentage of
the Principal Amount of the Loan requested (each, a “Lender Advance”), to the Borrower on a Funding Date; provided, however, that in the case of any request for such Class A Loan of the then current Class A Aggregate Commitment,
the Borrower shall be required to request the portion of such Class A Loan in excess of 20% of the then current Class A Aggregate Commitment not later than 1:00 p.m., New York City time, thirty-five (35) days prior to the requested
Funding Date; and provided further, however, that, notwithstanding the requirement above that each request to a Lender for a Lender Advance be in the amount of such Lender’s Lender Percentage of the Principal Amount of the Loan requested, on
any Funding Date on or after an increase of the Commitment of the Credit Suisse Lender Group in accordance with Section 2.04, 100% of all requests for Lender Advances shall be made solely to the Credit Suisse Lender Group until such time as,
with respect to each Lender Group, the ratio of Loans Outstanding of such Lender Group to the Commitment of such Lender Group shall be equal to that of every other Lender Group; provided further, however, that, notwithstanding the requirement above
that each request to a Lender for a Lender Advance be in the amount of such Lender’s Lender Percentage of the Principal Amount of the Loan requested, with respect to any such requests made to Lenders in the Credit Suisse Lender Group, the
Credit Suisse Agent, as Agent for the Credit Suisse Lender Group, shall have the right to reallocate the aggregate amount of such requests among the Lenders in the Credit Suisse Lender Group in its discretion.” 

(c)    Clause (b) of Section 2.02 is hereby deleted in its entirety and replaced with the
following: 
 “(b) Each Conduit Lender shall notify the Agent for its Lender Group and the Administrative Agent by 10:00
a.m., New York City time, on the applicable Funding Date whether it has elected to make its Lender Advance offered to it pursuant to Section 2.01; provided, that in the case of the Credit Suisse Lender Group, each Conduit Lender for the Credit
Suisse Lender Group shall be deemed to have notified the Credit Suisse Agent and the Administrative Agent that it has elected to make its Lender Advance on such Funding Date unless written notice not to make such Lender Advance was given to the
Credit Suisse Agent and the Administrative Agent by 10:00 a.m., New York City time, on such Funding Date. In the event that a Conduit Lender shall not have timely provided such notice, such Conduit Lender shall be deemed to have elected not to make
its Lender Advance of such Loan. If the Conduit Lender shall have elected or be deemed to have 

 
elected not to make its Lender Advance of such Loan, the Committed Lender in such Lender Group shall make available on the applicable Funding Date an amount equal to the portion of the Loan that
each such Conduit Lender has not elected to fund, in an amount equal to its share of the Principal Amount to be funded.” 

(d)    Clause (b) of Section 2.03 is hereby deleted in its entirety and replaced with the
following: 
 “(b) In connection with any reduction of the Facility Amount, the Borrower shall remit (i) first, to
each applicable Agent for the ratable payment to each Class A Lender, the amount sufficient to pay the Aggregate Unpaids due to such Class A Lenders with respect to such reduction of the Facility Amount, including any associated Breakage
Costs, (ii) second, to each applicable Agent for the ratable payment to each Class B Lender, the amount sufficient to pay the Aggregate Unpaids due to such Class B Lenders with respect to such reduction of the Facility Amount,
including any associated Breakage Costs, and (iii) third, to the relevant Hedge Counterparty, any Hedge Breakage Costs due to such Hedge Counterparty with respect to the reduction of the Loans Outstanding; provided, however, that no such
reduction shall be given effect unless the Borrower has complied with the terms of any Hedging Agreement requiring that any Hedge Transaction related thereto be terminated in whole or in part as a result of any such reduction in the Loans
Outstanding.” 
 (e)    Clause (b) of Section 13.01 is hereby deleted in its
entirety and replaced with the following: 
 “(b) Each Lender may upon at least ten days’ notice (or in the case of
an assignment to an Eligible Assignee satisfying clause (ii) of the definition of the term “Eligible Assignee”, prompt notice following such assignment) to the Administrative Agent and the Agents, assign to one or more banks or other
entities all or a portion of its rights and obligations under this Agreement; provided, however, that (i) each such assignment shall be of a constant, and not a varying percentage of all of the assigning Lender’s rights and obligations
under this Agreement, (ii) the amount of the Commitment of the assigning Lender being assigned pursuant to each such assignment (determined as of the date of the Assignment and Acceptance with respect to such assignment) shall in no event be
less than the lesser of (A) $5,000,000 or an integral multiple of $1,000,000 in excess of that amount (except in the case of an assignment to an Eligible Assignee satisfying clause (ii) of the definition of the term “Eligible
Assignee”) and (B) the full amount of the assigning Lender’s Commitment, (iii) each such assignment shall be to an Eligible Assignee and in the case of an assignment by a Committed Lender at any time its Commitments remain
outstanding, such Eligible Assignee shall agree to the Commitment of such Committed Lender hereunder, (iv) the parties to each such assignment shall execute and deliver to the Administrative Agent and the Agent for the related Group an
Assignment and Acceptance, together with a processing and recordation fee of $3,500 or such lesser amount as shall be approved by the Administrative Agent (provided that in the case of an assignment to an Eligible Assignee satisfying clause
(ii) of the definition of the term “Eligible Assignee”, such recordation fee shall not apply), (v) the parties to each such assignment shall have agreed to reimburse the Administrative Agent for all reasonable fees,

 
costs and expenses (including the reasonable fees and disbursements of counsel for the Administrative Agent) incurred by the Administrative Agent in connection with such assignment,
(vi) each Person that becomes a Lender under an Assignment and Acceptance shall agree to be bound by the confidentiality provisions of Article Thirteen and (vii) there shall be no increased costs, expenses or Taxes incurred by the
Administrative Agent or the Lenders upon assignment or participation. Upon such execution, delivery and acceptance and the recording by the Administrative Agent, from and after the effective date specified in each Assignment and Acceptance, which
effective date shall be the date of acceptance thereof by the Administrative Agent, unless a later date is specified therein, (i) the assignee thereunder shall be a party hereto and, to the extent that rights and obligations hereunder have been
assigned to it pursuant to such Assignment and Acceptance, have the rights and obligations of a Lender hereunder and (ii) the Lender assignor thereunder shall, to the extent that rights and obligations hereunder have been assigned by it
pursuant to such Assignment and Acceptance, relinquish its rights and be released from its obligations under this Agreement (and, in the case of an Assignment and Acceptance covering all or the remaining portion of an assigning Lender’s rights
and obligations under this Agreement, such Lender shall cease to be a party hereto).” 
 (f)    Clause (d) of
Section 13.01 is hereby deleted in its entirety and replaced with the following: 
 “(d) The
Administrative Agent, for the benefit of the Borrower, shall maintain at its United States address referred to herein a copy of each Assignment and Acceptance delivered to and accepted by it pursuant to Section 13.01(b) and
a register for the recordation of the names and addresses of each Lender, the Commitment of each Lender Group and the Principal Amount (and stated interest thereon) of each Loan made by each Lender Group from time to time (the “Lender
Register”). The entries in the Lender Register shall be conclusive and binding for all purposes, absent manifest error, and the Borrower and the Lenders shall treat each Person whose name is recorded in the Lender Register as a Lender hereunder
for all purposes of this Agreement. The Lender Register shall be available for inspection by any Agent or Lender at any reasonable time and from time to time upon reasonable prior notice.” 

(g)    The following is hereby added as a new clause (i) immediately following clause (h) of
Section 13.01: 
 “(i) Notwithstanding the foregoing, the Conduit Lenders in any Lender Group
may assign their rights, obligations and interests related to any Loan to any other Conduit Lender in such Conduit Lender’s Lender Group without providing any notice to the Borrower or the Administrative Agent and without providing any
Assignment and Acceptance to the Administrative Agent. Each Agent shall maintain a register for the recordation of the Commitment of each Lender in its Lender Group and the Principal Amount (and stated interest thereon) of each Loan made by each
Lender in its Lender Group from time to time (the “Group Register”) and shall update its Group Register to reflect any assignments described in the immediately preceding sentence. Upon its receipt of an Assignment and Acceptance
executed by an assigning Conduit Lender and an assignee Conduit Lender pursuant to Section 13.01(b), the Agent for such Conduit 

 
Lenders’ Lender Group shall accept such Assignment and Acceptance and such Agent shall then record the information contained therein in the Group Register. The Agent of each Lender Group
shall keep records of the Loans held by each member of its Lender Group and shall provide notice thereof to the Administrative Agent or the Borrower upon request.” 

(h)    Schedule A-1 is hereby deleted in its entirety and replaced with Annex A
attached hereto. 
 3. Effectiveness. This Third Amendment shall become effective upon (i) delivery of executed signature pages by all parties
hereto and (ii) delivery by the Servicer of a copy of this Third Amendment to each Rating Agency and to each Hedge Counterparty. 
 4. Fees. The
Borrower shall reimburse each Lender and the Administrative Agent, the Account Bank, the Image File Custodian and the Backup Servicer for all reasonable costs and expenses relating to effectuating the amendments contemplated hereunder, including the
fees and expenses of Weil, Gotshal & Manges LLP. 
 5.Reference to and Effect on the Credit Agreement; Ratification. 

(a) Except as specifically amended above, the Credit Agreement is and shall continue to be in full force and effect and is hereby ratified and
confirmed in all respects. 
 (b) The execution, delivery and effectiveness of this Third Amendment, except to the extent expressly set
forth herein, shall not operate as a waiver of any right, power or remedy of any party hereto under the Credit Agreement, or constitute a waiver of any provision of any other agreement. 

(c) Upon the effectiveness hereof, each reference in the Credit Agreement to “this Agreement”, “hereto”,
“hereunder”, “hereof” or words of like import referring to the Credit Agreement, and each reference in any other Basic Document to “Credit Agreement”, “thereto”, “thereof”, “thereunder” or
words of like import referring to the Credit Agreement, shall mean and be a reference to the Credit Agreement as amended hereby. 
 (d) This
Amendment shall constitute a “Basic Document” under the Credit Agreement (including, for the avoidance of doubt, a “Borrower Basic Document” and “Servicer Basic Document” for purposes of Section 5 of the Credit
Agreement). 
 6. Counterparts; Facsimile Signature. This Third Amendment may be executed in any number of counterparts, each of which when so
executed and delivered shall be deemed to be an original and all of which counterparts, taken together, shall constitute but one and the same instrument. Any signature page to this Third Amendment containing a manual signature may be delivered by
facsimile transmission or other electronic communication device capable of transmitting or creating a printable written record, and when so delivered shall have the effect of delivery of an original manually signed signature page. 

7. GOVERNING LAW; JURISDICTION; FORUM. THIS THIRD AMENDMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE

 
STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICTS OF LAWS PROVISIONS (OTHER THAN §5-1401 AND 5-1402 OF THE
NEW YORK GENERAL OBLIGATIONS LAW). EACH OF THE PARTIES HERETO HEREBY AGREES TO THE EXCLUSIVE JURISDICTION OF THE COURTS OF THE STATE OF NEW YORK, LOCATED IN THE BOROUGH OF MANHATTAN AND THE FEDERAL COURTS LOCATED WITHIN THE STATE OF NEW YORK IN THE
BOROUGH OF MANHATTAN. EACH OF THE PARTIES HERETO HEREBY WAIVES ANY OBJECTION BASED ON FORUM NON CONVENIENS, AND ANY OBJECTION TO VENUE OF ANY ACTION INSTITUTED HEREUNDER IN ANY OF THE AFOREMENTIONED COURTS AND CONSENTS TO THE GRANTING OF SUCH LEGAL
OR EQUITABLE RELIEF AS IS DEEMED APPROPRIATE BY SUCH COURT. 
 8. Headings. The descriptive headings of the various sections of this Third Amendment
are inserted for convenience of reference only and shall not be deemed to affect the meaning or construction of any of the provisions thereof. 
 9.
Severability. The failure or unenforceability of any provision hereof shall not affect the other provisions of this Third Amendment. Whenever possible each provision of this Third Amendment shall be interpreted in such manner as to be
effective and valid under applicable law, but if any provision of this Third Amendment shall be prohibited by or invalid under applicable law, such provision shall be ineffective to the extent of such prohibition or invalidity, without invalidating
the remainder of such provision or the remaining provisions of this Third Amendment. 
 10. Interpretation. Whenever the context and construction so
require, all words used in the singular number herein shall be deemed to have been used in the plural, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine. 

11. No Insolvency Proceedings. Notwithstanding any prior termination of this Third Amendment or the Credit Agreement, each party to this Third
Amendment hereby agrees that it shall not institute against, or join any other person in instituting against, any Conduit Lender any Insolvency Proceeding, for one year and one day after the latest maturing Commercial Paper Note and other debt
security issued by such Conduit Lender is paid. The provisions of this Section shall survive the termination of this Third Amendment or the Credit Agreement. 

12. Direction to Wells Fargo Bank. Wells Fargo Bank, in its capacities as Account Bank, Image File Custodian, and Backup Servicer hereunder, is hereby
authorized and directed to execute and deliver this Third Amendment. 
 [signature page follows] 

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

			
	REGIONAL MANAGEMENT RECEIVABLES II, LLC
		
	By:	 	/s/ Robert W. Beck
	 Name:
 Title:
	 	 Robert W. Beck
 Executive Vice President and
Chief Financial Officer

	
	REGIONAL MANAGEMENT CORP.
		
	By:	 	/s/ Robert W. Beck
	 Name:
 Title:
	 	 Robert W. Beck
 Executive Vice President and
Chief Financial Officer

			
	 WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent

		
	By:	 	/s/ Brian Grushkin
	 Name:
 Title:
	 	 Brian Grushkin
 Director

	
	 ACKNOWLEDGED AND AGREED TO BY:
  

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Class A Committed Lender, Class B Committed Lender, Class A Lender Agent and Class B Lender
Agent

		
	By:	 	/s/ Brian Grushkin
	 Name:
 Title:
	 	 Brian Grushkin
 Director

			
	 ACKNOWLEDGED AND AGREED TO BY:
  

CREDIT SUISSE AG, CAYMAN ISLANDS BRANCH, as Class A Committed Lender and Class B Committed Lender

		
	By:	 	/s/ Patrick J. Hart
	 Name:
 Title:
	 	 Patrick J. Hart
 Authorized
Signatory

	
	
		
	By:	 	/s/ Jeffrey Traola
	 Name:
 Title:
	 	 Jeffrey Traola
 Authorized
Signatory

			
	 ACKNOWLEDGED AND AGREED TO BY:
  

GIFS CAPITAL COMPANY, LLC,
 as Class A Conduit Lender and
Class B Conduit Lender

		
	By:	 	/s/ R. Scott Chisholm
	 Name:
 Title:
	 	 R. Scott Chisholm
 Authorized
Signer

			
	 ACKNOWLEDGED AND AGREED TO BY:
  

ALPINE SECURITIZATION LTD.,
 as Class A Conduit Lender and
Class B Conduit Lender
  
 By: Credit
Suisse AG, New York Branch, as its attorney-in-fact

		
	By:	 	/s/ Patrick J. Hart
	 Name:
 Title:
	 	 Patrick J. Hart
 Director

	
	
		
	By:	 	/s/ Jeffrey Traola
	 Name:
 Title:
	 	 Jeffrey Traola
 Director

			
	 ACKNOWLEDGED AND AGREED TO BY:
  

CREDITSUISSE AG, NEW YORK BRANCH,

as Class A Lender Agent and Class B Lender Agent

		
	By:	 	/s/ Patrick J. Hart
	 Name:
 Title:
	 	 Patrick J. Hart
 Director

	
	
		
	By:	 	/s/ Jeffrey Traola
	 Name:
 Title:
	 	 Jeffrey Traola
 Director

			
	 ACKNOWLEDGED AND AGREED TO BY:
  

WELLS FARGO BANK, NATIONAL ASSOCIATION, not in its individual capacity but solely as Account Bank, Image File Custodian, and Backup Servicer

		
	By:	 	/s/ Jennifer C. Westberg
	 Name:
 Title:
	 	 Jennifer C. Westberg
 Vice
President

 Annex A 

SCHEDULE A-1 

CREDIT SUISSE LENDER SUPPLEMENT 

CLASS A 
  

			
	 Lender Group:
	  	 Credit Suisse

		
	 Commitment:
	  	 $70,312,500

		
	 Agent:
	  	 Credit Suisse AG, New York Branch

		
	 Address for Notices:
	  	 Credit Suisse AG, New York Branch 
Securitized Products Finance 
Eleven Madison Avenue, 3rd
Floor 
New York, New York 10010 
Attention: Conduit and Warehouse Financing
 E-mail: #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

Telephone: #####

		
	 Class A Committed Lender:
	  	 Credit Suisse AG, Cayman Islands Branch

		
	 Commitment:
	  	 An amount not to exceed the commitment of the Credit Suisse Lender Group

		
	 Address for Notices and Investing Office:
	  	 Credit Suisse AG, New York Branch 
Securitized Products Finance 
Eleven Madison Avenue, 3rd
Floor 
New York, New York 10010 
Attention: Conduit and Warehouse Financing
 E-mail: #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

Telephone: #####

		
	 Class A Conduit Lender:
	  	 GIFS Capital Company, LLC

			
	 Commitment:
	  	 $0.00

		
	 Address for Notices and Investing Office:
	  	 GIFS Capital Company, LLC

227 West Monroe St., Suite 4900 
Chicago, Illinois 60606 
Attention: Operations 
E-mail: #####@guggenheimpartners.com
 Telephone No.: ##### 

		
	 Class A Conduit Lender:
	  	 Alpine Securitization Ltd.

		
	 Commitment:
	  	 $0.00

		
	 Address for Notices and Investing Office:
	  	 Alpine Securitization Ltd.

c/o Credit Suisse AG, New York Branch 
Securitized Products Finance 
Eleven Madison Avenue, 3rd Floor 
New
York, New York 10010 
Attention: Conduit and Warehouse Financing

E-mail: #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

Telephone: ##### 

		
	 Wire Information:
	  	 If for the Credit Suisse Lender Group: 

Bank Name: #####

Acct Name: #####

ABA #: #####

Acct#: #####

Attn: #####

        #####

Ref: #####

 CLASS B 
  

			
	Lender Group:	  	Credit Suisse
		
	Commitment:	  	$4,687,500
		
	Agent:	  	Credit Suisse AG, New York Branch

			
	 Address for Notices:
	  	 Credit Suisse AG, New York Branch 
Securitized Products Finance 
Eleven Madison Avenue, 3rd
Floor 
New York, New York 10010 
Attention: Conduit and Warehouse Financing
 E-mail: #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

Telephone: #####

	 Class B Committed Lender:
	  	 Credit Suisse AG, Cayman Islands Branch

		
	 Commitment:
	  	 An amount not to exceed the commitment of the Credit Suisse Lender Group

		
	 Address for Notices and Investing Office:
	  	 Credit Suisse AG, New York Branch 
Securitized Products Finance 
Eleven Madison Avenue, 3rd
Floor 
New York, New York 10010 
Attention: Conduit and Warehouse Financing
 E-mail: #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

Telephone: #####

		
	 Class B Conduit Lender:
	  	 GIFS Capital Company, LLC

		
	 Commitment:
	  	 $0.00

		
	 Address for Notices and Investing Office:
	  	 GIFS Capital Company, LLC

227 West Monroe St., Suite 4900 
Chicago, Illinois 60606 
Attention: Operations 
E-mail: #####@guggenheimpartners.com
 Telephone No.: ##### 

		
	 Class B Conduit Lender:
	  	 Alpine Securitization Ltd.

		
	 Commitment:
	  	 $0.00

			
	 Address for Notices and Investing Office:
	  	 Alpine Securitization Ltd.

c/o Credit Suisse AG, New York Branch 
Securitized Products Finance 
Eleven Madison Avenue, 3rd Floor 
New
York, New York 10010 
Attention: Conduit and Warehouse Financing

E-mail: #####@credit-suisse.com

            #####@credit-suisse.com

            #####credit-suisse.com

            #####@credit-suisse.com

            #####@credit-suisse.com

Telephone: ##### 

	 Wire Information:
	  	 If for the Credit Suisse Lender Group:

Bank Name: #####

Acct Name: #####

ABA #: #####

Acct#: #####

Attn: #####

        #####

Ref: #####

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00301-of-00352.parquet"}]]