Document:

EX-10.12

 Exhibit 10.12 

EXECUTION VERSION 
  

 
 SALE AND SERVICING AGREEMENT 

by and among 
 CCG RECEIVABLES IV,
LLC, 
 as Depositor 
 CCG
RECEIVABLES TRUST 2013-1, 
 as Issuer, 

COMMERCIAL CREDIT GROUP INC., 
 as
Originator and Servicer, 
 PORTFOLIO FINANCIAL SERVICING COMPANY, 

as Back-Up Servicer, 
 and 

U.S. BANK NATIONAL ASSOCIATION, 

as Indenture Trustee 
 Dated as of
April 24, 2013 
  
  

 TABLE OF CONTENTS 
  

							
	ARTICLE I DEFINITIONS		 	1	  
			
	 SECTION 1.1
		 Certain Defined Terms
		 	1	  
	 SECTION 1.2
		 Computation of Time Periods
		 	4	  
		
	ARTICLE II SALE AND PURCHASE OF RECEIVABLES		 	4	  
			
	 SECTION 2.1
		 Selection, Sale and Contribution of Pool Receivables and other Sold Assets
		 	4	  
	 SECTION 2.2
		 Intent of the Parties; Grant of Security Interest
		 	5	  
	 SECTION 2.3
		 Purchase Price
		 	5	  
	 SECTION 2.4
		 Actions Evidencing Purchases
		 	5	  
	 SECTION 2.5
		 Custodian and Custodial Agreement
		 	6	  
		
	ARTICLE III ADMINISTRATION AND SERVICING OF POOL RECEIVABLES		 	6	  
			
	 SECTION 3.1
		 Appointment of Servicer
		 	6	  
	 SECTION 3.2
		 Duties of Servicer
		 	6	  
	 SECTION 3.3
		 Substitution of Receivables by the Originator
		 	9	  
	 SECTION 3.4
		 Optional Purchase by the Servicer
		 	10	  
	 SECTION 3.5
		 Servicing Fee
		 	10	  
	 SECTION 3.6
		 Servicer Advance
		 	10	  
	 SECTION 3.7
		 Servicer Reports
		 	11	  
	 SECTION 3.8
		 Administrative Duties
		 	11	  
		
	ARTICLE IV BANK ACCOUNTS		 	13	  
			
	 SECTION 4.1
		 Accounts
		 	13	  
	 SECTION 4.2
		 Maintenance of Accounts
		 	14	  
		
	ARTICLE V THE DEPOSITOR		 	16	  
			
	 SECTION 5.1
		 Representations and Warranties
		 	16	  
	 SECTION 5.2
		 The Depositor’s Additional Representations and Warranties
		 	17	  
	 SECTION 5.3
		 Affirmative Covenants of the Depositor
		 	22	  
	 SECTION 5.4
		 Negative Covenants of the Depositor
		 	23	  
	 SECTION 5.5
		 Repurchases by the Depositor
		 	24	  
	 SECTION 5.6
		 Indemnities by the Depositor
		 	25	  
		
	ARTICLE VI THE SERVICER		 	26	  
			
	 SECTION 6.1
		 Representation and Warranties of the Servicer
		 	26	  
	 SECTION 6.2
		 Covenants
		 	28	  
	 SECTION 6.3
		 Negative Covenants of the Servicer
		 	30	  
	 SECTION 6.4
		 Indemnities by the Servicer
		 	31	  
	 SECTION 6.5
		 Breach of Representations; Non-Permitted Extension
		 	32	  
	 SECTION 6.6
		 Merger or Consolidation of, or Assumption of the Obligations of, Servicer
		 	32	  
	 SECTION 6.7
		 The Servicer May Own Notes
		 	33	  

  
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	ARTICLE VII SERVICER DEFAULTS		 	33	  
			
	 SECTION 7.1
		 Servicer Default
		 	33	  
	 SECTION 7.2
		 Notification to Noteholders
		 	34	  
	 SECTION 7.3
		 Waiver of Servicer Defaults
		 	34	  
	 SECTION 7.4
		 Effect of a Servicer Default
		 	34	  
		
	ARTICLE VIII THE BACK-UP SERVICER		 	35	  
			
	 SECTION 8.1
		 Representations of Back-Up Servicer
		 	35	  
	 SECTION 8.2
		 Merger or Consolidation of, or Assumption of the Obligations of, Back-Up Servicer
		 	37	  
	 SECTION 8.3
		 Back-Up Servicer Resignation and Removal
		 	37	  
	 SECTION 8.4
		 Obligations of Back-Up Servicer
		 	37	  
	 SECTION 8.5
		 Back-Up Servicer Compensation
		 	38	  
	 SECTION 8.6
		 Duties and Responsibilities
		 	38	  
		
	ARTICLE IX MISCELLANEOUS		 	39	  
			
	 SECTION 9.1
		 Term of Agreement
		 	39	  
	 SECTION 9.2
		 Amendments
		 	40	  
	 SECTION 9.3
		 Notices; Payment Information
		 	40	  
	 SECTION 9.4
		 Governing Law; Submission to Jurisdiction; Appointment of Service Agent
		 	41	  
	 SECTION 9.5
		 Integration
		 	41	  
	 SECTION 9.6
		 Severability of Provisions
		 	42	  
	 SECTION 9.7
		 Counterparts; Facsimile Delivery
		 	42	  
	 SECTION 9.8
		 Successors and Assigns; Binding Effect
		 	42	  
	 SECTION 9.9
		 Nonpetition Covenants
		 	42	  
	 SECTION 9.10
		 Limitation of Liability of Owner Trustee and Indenture Trustee
		 	42	  

  
 -ii- 

 Schedules 
  

			
	Schedule 1		Schedule of Pool Receivables
	Schedule 2		Name and Account Number of Lock-Box Bank and Lock-Box Account
	Schedule 3		Location of Certain Offices and Records
	Schedule 4		Notice Information

 Exhibits 

 

			
	Exhibit A		Form of Supplement for Substituted Receivables
	Exhibit B		Form of Servicer Report
	Exhibit C		Credit and Collection Policies and Practices

  
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 This SALE AND SERVICING AGREEMENT (as amended, supplemented or otherwise modified and in effect
from time to time, this “Agreement”), dated as of April 24, 2013, is entered into by and among CCG RECEIVABLES IV, LLC, a Delaware limited liability company (the “Depositor”), CCG RECEIVABLES TRUST 2013-1, a
Delaware statutory trust (the “Issuer”), COMMERCIAL CREDIT GROUP INC. (“CCG”), a Delaware corporation, as Servicer (the “Servicer”) and as the Originator (the “Originator”),
PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation (the “Back-Up Servicer”), and U.S. BANK NATIONAL ASSOCIATION, a national banking association, not in its individual capacity, but solely in its capacity as Indenture
Trustee hereunder (the “Indenture Trustee”). 
 WHEREAS, 

A. The Originator has sold or contributed the Sold Assets (as defined in the Purchase Agreement) to the Depositor and the Depositor has
purchased such Sold Assets (as defined in the Purchase Agreement) from the Originator pursuant to the Purchase Agreement. 
 B. The
Depositor wishes to sell or contribute the Sold Assets to the Issuer and the Issuer wishes to pledge the Sold Assets in addition to other property to the Indenture Trustee as the Collateral under the Indenture. 

C. The parties wish to set forth the duties required of the Servicer with respect to the Pool Receivables. 

D. The Back-Up Servicer is willing to provide back-up servicing for the Pool Receivables. 

NOW, THEREFORE, in consideration of the mutual agreements, provisions and covenants contained herein, the parties hereto agree as follows:

 ARTICLE I 
 DEFINITIONS

 SECTION 1.1 Certain Defined Terms. Capitalized terms used but not defined in this Agreement are defined in the Indenture,
dated as of April 24, 2013, (the “Indenture”) between the Issuer and the Indenture Trustee. As used in this Agreement, the following terms shall have the following meanings. 

“Bank Accounts” means, collectively, the Collection Account and the Reserve Account. 

“Bank Account Property” means the Bank Accounts, all amounts and investments held from time to time in any Bank Account
(whether in the form of deposit accounts, Physical Property, book-entry securities, uncertificated securities or otherwise), and all proceeds of the foregoing. 

“Delinquent Receivable” means any Pool Receivable with respect to which any portion of any Scheduled Payment is more than 30
days past due and which is not a Defaulted Receivable. 

 “Delivery” when used with respect to Bank Account Property means: 

(a) with respect to bankers’ acceptances, commercial paper, negotiable certificates of deposit and other obligations that constitute
“instruments” within the meaning of Section 9-102(a)(47) of the UCC and are susceptible of physical delivery, transfer thereof to the Indenture Trustee by physical delivery to the Indenture Trustee endorsed to, or registered in the
name of, the Indenture Trustee or endorsed in blank, and, with respect to a certificated security (as defined in Section 8-102(a)(4) of the UCC), transfer thereof (i) by delivery thereof to the Indenture Trustee of such certificated
security endorsed to, or registered in the name of, the Indenture Trustee or (ii) by delivery thereof to a “clearing corporation” (as defined in Section 8-102(a)(5) of the UCC) and the making by such clearing corporation of
appropriate entries on its books reducing the appropriate securities account of the transferor and increasing the appropriate securities account of the Indenture Trustee by the amount of such certificated security and the identification by the
clearing corporation of the certificated securities for the sole and exclusive account of the Indenture Trustee (all of the foregoing, “Physical Property”), and, in any event, any such Physical Property in registered form shall be
in the name of the Indenture Trustee or its nominee; and such additional or alternative procedures as may hereafter become appropriate to effect the complete transfer of ownership of any such Bank Account Property to the Indenture Trustee or its
nominee or custodian, consistent with changes in applicable law or regulations or the interpretation thereof; 
 (b) with respect to any
security issued by the U.S. Treasury, the Federal Home Loan Mortgage Corporation or by the Federal National Mortgage Association that is a book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations, the
following procedures, all in accordance with applicable law, including applicable Federal regulations and Articles 8 and 9 of the UCC: book-entry registration of such Bank Account Property to an appropriate book-entry account maintained with a
Federal Reserve Bank by a securities intermediary that is also a “depository” pursuant to applicable federal regulations; the making by such securities intermediary of entries in its books and records crediting such Bank Account Property
to the Indenture Trustee’s securities account at the securities intermediary and identifying such book-entry security held through the Federal Reserve System pursuant to federal book-entry regulations as belonging to the Indenture Trustee; and
such additional or alternative procedures as may hereafter become appropriate to effect complete transfer of ownership of any such Bank Account Property to the Indenture Trustee, consistent with changes in applicable law or regulations or the
interpretation thereof; 
 (c) with respect to any item of Bank Account Property that is an uncertificated security under Article 8 of the
UCC and that is not governed by clause (b) above, registration on the books and records of the issuer thereof in the name of the Indenture Trustee or its nominee or custodian who either (i) becomes the registered owner on behalf of the
Indenture Trustee or (ii) having previously become the registered owner, acknowledges that it holds for the Indenture Trustee; and 

(d) with respect to any item of Bank Account Property that is a financial asset under Article 8 of the UCC and that is not governed by clause
(b) above, causing the securities intermediary to indicate on its books and records that such financial asset has been credited to a securities account of the Indenture Trustee. 

  
 2 

 “Eligible Account” means either (i) a segregated trust account maintained
with a depository institution or trust company whose short-term unsecured debt obligations are rated in the highest rating category from each Rating Agency, (ii) a segregated trust account which may be an account maintained in the corporate
trust department of the Indenture Trustee, which is maintained with a depository institution or trust company whose long term unsecured debt obligations have a credit rating from each Rating Agency equivalent to “BBB” or better; or
(iii) a segregated trust account or similar account maintained with a federally or state chartered depository institution whose long term unsecured debt obligations have a credit rating from each Rating Agency equivalent to “BBB” or
better, subject to regulations regarding fiduciary funds on deposit substantially similar to 12 C.F.R. § 9.10(b) in effect on the Closing Date. 

“PFSC” means Portfolio Financial Servicing Company. 

“Physical Property” has the meaning set forth in clause (a) of the definition of “Delivery.” 

“Prepaid Contract” means a Contract paid in full prior to its scheduled maturity date. 

“Purchase Price” has the meaning set forth in Section 3.4. 

“Released Receivable” means (i) a Prepaid Contract, (ii) a Delinquent Receivable or (iii) a Defaulted
Receivable, in each case, for which a substitution is being made on a Substitution Date. 
 “Repurchase Amount” has the
meaning set forth in Section 5.5. 
 “Reserve Account Withdrawal Amount” means (i) with respect to any Payment
Date (including the Class A-1 Maturity Date and Class A-2 Maturity Date), the excess of the amount then on deposit in the Reserve Account over the Required Reserve Account Amount plus the lesser of (x) any shortfall in the
amount of Available Amounts available to pay the amounts specified in priorities First through Eighth of Section 4.5(a) of the Indenture and (y) the amount on deposit in the Reserve Account on such Payment Date
prior to application of amounts on deposit therein and (ii) with respect to the Class B Maturity Date, any date on which the Notes are redeemed pursuant to Section 3.13 of the Indenture or upon the acceleration of the entire unpaid
principal amount of the Notes following an Event of Default, any funds remaining on deposit in the Reserve Account. 
 “Servicer
Advance” has the meaning set forth in Section 3.6. 
 “Servicer Charges” means late charges, prepayment
penalties and payments made in connection with any modification, extension or adjustment of Pool Receivables. 
 “Servicer
Default” has the meaning set forth in Section 7.1. 
 “Servicer Report” means a report, in substantially the
form attached hereto as Exhibit B or in such other form as is mutually agreed to by the Issuer, the Servicer and the Indenture Trustee, provided to the Issuer and the Indenture Trustee pursuant to Section 3.7. 

  
 3 

 “Sold Assets” means (a) the Pool Receivables and Related Security,
(b) the Collections, (c) any security interest in the Equipment held by the Depositor, (d) the rights to proceeds from casualty insurance policies covering the Equipment, (e) the Depositor’s rights under the Purchase
Agreement, (f) all present and future claims, demands, causes of actions in respect of the foregoing, and (g) all proceeds of the foregoing, sold or contributed by the Originator to the Depositor under the Purchase Agreement and by the
Depositor to the Issuer hereunder, together with the Related Security and proceeds relating thereto. 
 “Sub-Servicer” has
the meaning set forth in Section 3.2(i). 
 “Substitution Date” has the meaning set forth in Section 3.3. 

“Substituted Receivable” has the meaning set forth in Section 3.3. 

“Successor Servicer” has the meaning set forth in Section 7.4. 

SECTION 1.2 Computation of Time Periods. Unless otherwise stated in this Agreement, in the computation of a period of time from a
specified date to a later specified date, the word “from” means “from and including”, the words “to” and “until” each means “to but excluding”, and the word “within” means “from and
excluding a specified date and to and including a later specified date.” 
 ARTICLE II 

SALE AND PURCHASE OF RECEIVABLES 

SECTION 2.1 Selection, Sale and Contribution of Pool Receivables and other Sold Assets. In consideration of the Issuer’s delivery
to or upon the order of the Depositor on the Closing Date of the Notes and the other amounts to be distributed from time to time to the Depositor in accordance with the terms of this Agreement, the Depositor does hereby sell, transfer, assign, set
over and otherwise convey to the Issuer, without recourse (subject to the Depositor’s obligations set forth herein) and the Issuer hereby purchases, all right, title and interest of the Depositor in and to the Sold Assets, whether now owned or
existing or hereafter acquired or arising or acquired as follows: 
 (a) The Pool Receivables to be sold and/or contributed pursuant to this
Agreement are Eligible Receivables as of the Closing Date and shall be listed in Schedule 1. The Depositor will insure that no such Pool Receivable shall be subject to any adverse selection which could reasonably be expected to be unfavorable to the
Issuer or the Indenture Trustee. 
 (b) The transfer of the Sold Assets pursuant to this Agreement shall be effective as of the Closing
Date. The Depositor will mark its computer files relating to each Pool Receivable, together with its other related books and records, with a notification indicating that such Pool Receivables, together with all Related Security and proceeds thereof
have been sold or contributed, as the case may be, to the Issuer and are no longer assets of the Depositor. 
 (c) The Related Security and
any proceeds relating to any Pool Receivable which are received after the Cut-Off Date shall be sold or contributed at the same time as such Pool Receivable is sold or contributed hereunder, whether the applicable Related Security and proceeds exist
at such time or arise or are acquired thereafter. 

  
 4 

 SECTION 2.2 Intent of the Parties; Grant of Security Interest. 

(a) The Depositor and the Issuer intend the transactions hereunder to be true sales and contributions of the Sold Assets by the Depositor to
the Issuer for all purposes, providing the Issuer and its transferees with the full risks and benefits of ownership of the Sold Assets (such that the Sold Assets would not be property of the Depositor’s estate in the event of the
Depositor’s bankruptcy). 
 (b) If, notwithstanding the intent of the parties or any other provision hereof, the Sold Assets conveyed
hereunder are construed to constitute property of the Depositor or such conveyance is not treated as a sale by the Depositor to the Issuer for all purposes, then this Agreement also is intended by the parties to be, and hereby is, a security
agreement within the meaning of the UCC; and the conveyance by the Depositor provided for in this Agreement shall be treated as the Grant of, and the Depositor hereby Grants, to the Issuer a security interest in, to and under all of the
Depositor’s right, title and interest in, to and under all the Sold Assets and all proceeds relating thereto, to secure the payment and performance of the Depositor’s obligations under this Agreement and the other Transaction Documents or
as may be determined in connection therewith by Applicable Law. Except with respect to Equipment with an aggregate invoiced cost of $25,000 or less, the Depositor shall take such actions as may be necessary to ensure that, if this Agreement were
deemed to create a security interest in, and not to constitute a sale of the Sold Assets, such security interest would be deemed to be a perfected first priority security interest in favor of the Issuer (and its assignee) under Applicable Law and
shall be maintained as such throughout the term of this Agreement. 
 (c) The Depositor acknowledges that the Issuer will, pursuant to the
Indenture, assign and pledge the Sold Assets and certain other property and rights to the Indenture Trustee for the benefit of the Noteholders. The Depositor consents to such assignment and pledge. 

SECTION 2.3 Purchase Price. The purchase price for each Pool Receivable and the Related Security therefor shall be not less than the
fair market value of such Pool Receivable and the Related Security. The Issuer shall pay the Depositor the purchase price with respect to each Pool Receivable and the Related Security by transfer of funds, to the extent that the Issuer has received
funds available for that purpose pursuant to this Agreement and the Indenture. If the Issuer did not receive sufficient funds to pay the purchase price for the Sold Assets, the remaining Sold Assets, to the extent the purchase price therefor is not
paid in full, shall be deemed to have been transferred by the Depositor to the Issuer as a contribution to the Owner Trust Estate, in return for an increase in the value of the interest of the Issuer held by the Depositor. 

SECTION 2.4 Actions Evidencing Purchases. 

(a) Except with respect to Equipment with an aggregate invoiced cost of $25,000 or less, the Depositor agrees that from time to time, at its
expense, it shall promptly execute and deliver all further instruments and documents, and take all further action that the Issuer, its 

  
 5 

 
assignee or transferee may reasonably request in order to perfect, protect or more fully evidence the purchases hereunder. Without limiting the generality of the foregoing and in addition to the
requirements of Section 2.4(b), the Depositor shall, upon the request of the Issuer, its assignee or transferee execute and file such financing or continuation statements, or amendments thereto or assignments thereof, and such other instruments
or notices, as may be necessary or appropriate. 
 (b) The Depositor hereby authorizes the Issuer or its assignee to file one or more
financing or continuation statements, and amendments thereto and assignments thereof, relative to all the Sold Assets now existing or hereafter arising in the name of the Depositor. 

SECTION 2.5 Custodian and Custodial Agreement. At all times after the Closing Date, the Issuer and the Servicer shall cause a Custodial
Agreement to be in effect on terms and conditions reasonably satisfactory to the Indenture Trustee and shall cause there to be an acting Custodian appointed thereunder (and who has accepted such appointment). Upon the resignation of any Custodian,
the Issuer and the Servicer shall take all actions requested by the Indenture Trustee (at the written direction of the Majority Holders) to appoint a successor Custodian who is reasonably satisfactory to the Majority Holders. 

ARTICLE III 
 ADMINISTRATION AND
SERVICING OF POOL RECEIVABLES 
 SECTION 3.1 Appointment of Servicer. 

(a) The servicing, administering and collection of the Pool Receivables shall be conducted by the Person (the “Servicer”) so
designated from time to time as Servicer in accordance with this Section 3.1. Each party hereby appoints as its agent the Servicer, from time to time designated pursuant to this Section 3.1, to service the Pool Receivables and to enforce
its respective rights and interests in and under the Collateral. To the extent permitted by Applicable Law, the Issuer hereby grants to any Servicer appointed hereunder an irrevocable power of attorney to take any and all steps in the Issuer’s
name (to the extent the Issuer has the authority to do so) and on behalf of the Issuer as necessary or desirable, in the reasonable determination of the Servicer, to collect all amounts due under any and all Pool Receivables, including endorsing the
Issuer’s name on checks and other instruments representing Collections and enforcing such Pool Receivables and the related Contracts and to take all such other actions set forth in this Article III. Until the Indenture Trustee gives notice to
CCG (in accordance with the terms of Section 7.4) of the designation of a new Servicer during the existence of a Servicer Default or as a result of the resignation of the Servicer pursuant to Section 3.2(f), CCG is hereby designated as,
and hereby agrees to perform the duties and obligations of, the Servicer pursuant to the terms hereof. 
 SECTION 3.2 Duties of
Servicer. 
 (a) The Servicer shall take or cause to be taken all such actions as may be necessary or advisable to collect all amounts
due each Pool Receivable from time to time, all in accordance with this Agreement and all Applicable Law, with such care and diligence, and in accordance with the Credit and Collection Policy, as are consistent with the current business practice of
the Servicer with respect to similar accounts receivable generally (including those owned by the 

  
 6 

 
Servicer for its own account), and with the standards of practice used by equipment finance companies of similar size and having similar portfolios as the Servicer. The Servicer shall take all
commercially reasonable actions necessary to maintain the perfection and priority of the security interest of the Noteholders and the Indenture Trustee in the Collateral provided, however, that the security interest in Equipment with
an aggregate invoiced cost of $25,000 or less may not be perfected. The Servicer shall hold in trust, and, as required hereunder, segregate, for the account of the Indenture Trustee and the Noteholders, the Collections in accordance with Indenture.

 (b) The Servicer may, on behalf of the Issuer, agree to extend or modify a Contract. In the case of an extension or modification, one or
more payments may be moved to a future date, which may be before or after the original final maturity date of such Contract. Any amendment, adjustment, modification or extension made by the Servicer hereunder with respect to the date of any
Scheduled Payment of any Contract or any reduction of the interest rate or reduction of the amount of any Scheduled Payment of a Contract, may be made by the Servicer only if each of the following conditions is satisfied (in each case a
“Permitted Servicer Adjustment”): (i) no payment date for any Scheduled Payment in respect of such Contract has been extended by more than four calendar months beyond the date of such Scheduled Payment; (ii) Scheduled
Payments in respect of such Contract have not been extended on more than two (2) occasions; (iii) any such amendment, adjustment, modification or extension shall be performed in accordance with the Credit and Collection Policy and
(iv) no such arrangement will be permitted to extend the date of the final Scheduled Payment of any Pool Receivable beyond the last day of the Collection Period relating to the Class B Maturity Date. 

(c) The Servicer shall, as soon as practicable following receipt and specific identification thereof, turn over to the Originator all
collections received by the Servicer from any Person of indebtedness of such Person to the Originator which are not on account of a Pool Receivable. Notwithstanding anything to the contrary contained in this Article III, the Servicer, the Issuer and
the Depositor, or any Affiliate of the Servicer, the Issuer or the Depositor, shall have no obligation to collect, enforce or take any other action described in this Article III with respect to any such indebtedness other than to deliver to the
Originator the collections and documents with respect to any such indebtedness as described above in this Section 3.2(c). 
 (d) In
connection with any inspection performed pursuant to Section 6.2(c) hereof, the Servicer shall promptly after the request therefore provide the requested information and access as requested by the Indenture Trustee. 

(e) Notwithstanding anything provided in this Agreement, the Servicer shall not have any obligation to defend or otherwise appear in a legal
proceeding if such legal proceeding is not, in its reasonable opinion, incidental to its duties as the Servicer hereunder or otherwise may cause the Servicer to incur legal expenses or liabilities. In performing its duties as Servicer hereunder, the
Servicer may not, under any circumstance, institute a legal proceeding in which the Indenture Trustee or a Noteholder are named as plaintiffs, without prior written consent of the applicable Person. 

(f) CCG acknowledges that the Issuer has relied on CCG’s agreement to act as Servicer hereunder in making its decision to execute and
deliver this Agreement and the other 

  
 7 

 
Transaction Documents to which it is a party. Accordingly, CCG shall not resign from its obligations and duties under this Agreement or any other Transaction Document to which it is a party
except (i) as required in Section 6.6, (ii) upon determination that the performance of its duties shall no longer be permissible under Applicable Law (any such determination permitting the resignation of the CCG shall be evidenced by
an opinion of Independent counsel to such effect delivered to the Indenture Trustee), or (iii) with the prior written consent of the Indenture Trustee (at the written direction of the Majority Holders), but only if, in any such case, a
replacement Servicer (which may be the Back-Up Servicer) is found that (a) is experienced in the business of acting as servicer with respect to financial agreements of the type comprising the Pool Receivables and (b) will provide servicing
and agree to become the Successor Servicer on the same terms as then in effect under this Agreement and the other Transaction Documents. CCG shall provide notice of its resignation as Servicer hereunder to each Rating Agency. 

(g) The Servicer shall execute a Request for Release as may be necessary pursuant to Section 5 of the Custodial Agreement. 

(h) The Servicer will notify the Owner Trustee of the final Payment Date as specified in Section 8.1(c) of the Trust Agreement and
provide such other information as requested by the Owner Trustee. 
 (i) The Servicer may delegate its duties and obligations hereunder to
any Affiliate subservicer or to any repossession agent or other agent hired in connection with collecting, remarketing, inspecting or similar action in connection with servicing the Pool Receivables and related Equipment (each, a
“Sub-Servicer”); provided, that in each such delegation, (i) such Sub-Servicer shall agree in writing to perform the duties and obligations of the Servicer pursuant to the terms hereof, (ii) the Servicer shall
remain primarily liable to the Issuer for the performance of the duties and obligations so delegated, (iii) the Issuer and the Indenture Trustee on behalf of the Noteholders shall have the right to look solely to the Servicer for performance
and (iv) the terms of any agreement with any Sub-Servicer shall provide that the Issuer or the Indenture Trustee may terminate such agreement upon the termination of the Servicer hereunder by giving notice of its desire to terminate such
agreement to the Servicer (and the Servicer shall provide appropriate notice to such Sub-Servicer). 
 (j) Lock-Box Account. The name
and address of the Lock-Box Bank, together with the number of the Lock-Box Account at the Lock-Box Bank are specified in Schedule 2. All Obligors have been instructed to make payment in respect of the Contracts to the Lock-Box Account. The Servicer
shall at all times have the ability to identify and segregate all of the Collections from other funds on deposit in the Lock-Box Account within five (5) Business Days after deposit of such Collections into the Lock-Box Account. The Servicer
shall transfer within five (5) Business Days after deposit into the Lock-Box Account all Collections to the Collection Account. The Servicer shall use reasonable efforts to ensure that no funds are transferred out of the Lock-Box Account (other
than to the Collection Account) unless the Servicer or the Intercreditor Master Agent has identified and segregated such funds from the Collections. Other than the Lock-Box Intercreditor Agreement, the Servicer has not created, or participated in
the creation of, or permitted to exist, any Liens in relation to the Lock-Box Account and will not create, or participate in the creation of, or permit to exist, any Liens in relation to the Lock-Box Account. The Servicer shall not amend, modify or
supplement the Lock-Box Intercreditor 

  
 8 

 
Agreement or the Lock-Box Agreement without prior written notice to each Rating Agency and satisfaction of Rating Agency Confirmation and the prior written consent of the Indenture Trustee (at
the written direction of the Majority Holders). The Servicer will not transfer any funds out of the Lock-Box Account except in accordance with this Agreement and the Lock-Box Intercreditor Agreement. 

The Servicer shall cause to be deposited to the Lock-Box Account within two (2) Business Days of receipt all funds identified as
Collections received directly by the Issuer, the Originator, the Depositor or the Servicer. If the Servicer, Issuer or Originator receives any payment from an Obligor of a Pool Receivable who is also an Obligor of a Receivable that is not a Pool
Receivable and the Obligor has not directed the application of such payment, the Servicer shall apply such payment in accordance with the terms of the Lock-Box Intercreditor Agreement. With respect to partial payments received from an Obligor of a
Pool Receivable who is also an Obligor of a Receivable owned outright (meaning, not subject to the Lien of any other Person) by the Servicer or Originator or by any Affiliate of the Servicer or Originator, and the Obligor has not directed the
application of such partial payment, the Servicer shall apply such payment which would be allocable on a ratable basis, to the Servicer or Originator first towards the related Pool Receivable and then towards the Receivable owned outright by the
Servicer or Originator or by any Affiliate of the Servicer or Originator. 
 SECTION 3.3 Substitution of Receivables by the
Originator. 
 (a) The Originator shall have the option to substitute Eligible Receivables for Released Receivables (each such
substituted Eligible Receivable, a “Substituted Receivable”), which such substitutions shall together be limited on an aggregate, cumulative basis to 10% of the Original Pool Balance. Substitution under this Section 3.3 is
prohibited unless as of the date of substitution (the “Substitution Date”), the Substituted Receivable will have a Net Book Value equal to or greater than the Released Receivables being substituted and will mature before the last
day of the Collection Period relating to the Class B Maturity Date. Each such Substituted Receivable shall be accompanied by a supplement to this Agreement, substantially in the form of Exhibit A hereto (the “Substitution
Supplement”), subjecting such Receivable, the Related Security, the Collections and proceeds of the foregoing to the provisions hereof and providing with respect to such Substituted Receivable and the Related Security the information
required in the schedule to such Substitution Supplement. 
 (b) The Servicer will provide the executed Substitution Supplement to the
Indenture Trustee and the Custodian, and will provide the Custodian File relating to the related Substituted Receivables to the Custodian in the time period required under the Custodial Agreement. Upon receipt of such items by the Indenture Trustee
and the Custodian, the Custodian shall release the Custodian File with respect to the Released Receivable to the Servicer pursuant to the Custodial Agreement, and the Indenture Trustee (at the written request and expense of the Issuer) shall be
required to deliver such instruments of reconveyance and release furnished by the Servicer as may be necessary to transfer such Released Receivables to the Originator and release such Released Receivables from the Lien of the Indenture. 

  
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 SECTION 3.4 Optional Purchase by the Servicer. 

(a) If, on the last day of a Collection Period, the Pool Balance is equal to or less than 15% of the Original Pool Balance, the Servicer has
the option to purchase the Collateral on the Payment Date related to such Collection Period. The Servicer may exercise its option to purchase the Collateral by (i) notifying each Rating Agency, the Indenture Trustee and the Owner Trustee at
least ten (10) days before the Payment Date related to such Collection Period, and (ii) remitting to the Collection Account the Purchase Price for the Collateral in immediately available funds by 10:00am (New York City time) on the Payment
Date related to such Collection Period. For purposes of the Servicer’s optional purchase of the Collateral hereunder, “Purchase Price” means the excess of (i) the sum of (a) either (1) in the event that the Servicer is
an Affiliate of the Certificateholder, the Note Balance and all accrued but unpaid interest thereon or (2) in the event that the Servicer is not an Affiliate of the Certificateholder, the Pool Balance, (b) all amounts due to the Indenture
Trustee under the Indenture or the Owner Trustee under the Trust Agreement and (c) any other sums secured by the Indenture over (ii) the sum of (a) the Available Amounts for such Collection Period and (b) the amount then on
deposit in the Reserve Account. 
 (b) On the Payment Date on which the optional purchase is exercised pursuant to clause (a) above,
and following the payment of all amounts due under the Indenture on such Payment Date, the Issuer will be deemed to have sold and assigned to the Servicer as of the last day of the preceding Collection Period all of the Issuer’s right, title
and interest in and to the Collateral, including the Pool Receivables and all security and documents relating to such Pool Receivables. Such sale will not require any action by the Issuer and will be without recourse, representation or warranty by
the Issuer except the representation that the Issuer owns the Pool Receivables free and clear of any Liens other than Permitted Liens. Upon such sale, the Servicer will mark its computer records indicating that any Receivables purchased pursuant to
Section 3.4(a) are no longer Pool Receivables, file UCC termination or amendment statements or take any other action necessary or appropriate to evidence the transfer of ownership of the purchased Pool Receivables free from any Lien of the
Issuer or the Indenture Trustee. The Issuer, the Owner Trustee or the Indenture Trustee, as applicable, will execute such documents and instruments and any and all further instruments, including any authorizations to file UCC financing statement
amendments, required or reasonably requested by the Servicer to effect such transfer. 
 SECTION 3.5 Servicing Fee. The Servicer
shall be paid the Servicing Fee pursuant to Sections 4.5(a) and (b) of the Indenture. 
 SECTION 3.6 Servicer Advance. If the
Servicer determines that any Scheduled Payment with respect to any Pool Receivable that was due during the Collection Period was not received in full prior to the related Determination Date, the Servicer has the right to elect, but is not obligated,
to advance the unpaid Scheduled Payment if it reasonably believes that the advance will be recovered from subsequent payments with respect to that Pool Receivable (the “Servicer Advance”). The Servicer shall be entitled to
reimbursement for the amount of any Servicer Advance from amounts subsequently received with respect to that Pool Receivable or, if the Servicer determines that a Servicer Advance will not be recovered from the Pool Receivable to which it relates,
from amounts received with respect to other Pool Receivables. 

  
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 SECTION 3.7 Servicer Reports. On each Determination Date (or, in any event, no later than
the opening of business on the related Payment Date), the Issuer, or the Servicer on its behalf, shall deliver a monthly Servicer Report to (i) the Issuer and the Indenture Trustee, (ii) each Rating Agency, and (iii) the Back-up
Servicer detailing, among other things, (a) the Servicer’s Tangible Net Worth, calculated as of the end of the preceding calendar quarter and updated in the second Servicer Report delivered following the end of each calendar quarter and
(b) amounts received on the Pool Receivables in respect of the immediately preceding Collection Period and available for payment on the related Payment Date. 

SECTION 3.8 Administrative Duties. 

(a) Duties with Respect to the Indenture. The Servicer shall perform all its duties and the duties of the Issuer under the Indenture.
In addition, the Servicer shall consult with the Owner Trustee as the Servicer deems appropriate regarding the duties of the Issuer under the Indenture. The Servicer shall monitor the performance of the Issuer and shall advise the Owner Trustee when
action is necessary to comply with the Issuer’s duties under the Indenture. The Servicer shall prepare for execution by, and shall execute on behalf of, the Issuer or shall cause the preparation by other appropriate Persons of all such
documents, reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer to prepare, file or deliver pursuant to the Indenture. 

(b) Duties with Respect to the Issuer. 

(i) In addition to the duties of the Servicer set forth in this Agreement or any of the Transaction Documents, the Servicer
shall perform such calculations and shall prepare for execution by the Owner Trustee or by the Issuer, and shall execute on behalf of, the Issuer or the Owner Trustee or shall cause the preparation by other appropriate Persons of all such documents,
reports, filings, instruments, certificates and opinions as it shall be the duty of the Issuer or the Owner Trustee to prepare, file or deliver pursuant to this Agreement or any of the Transaction Documents or under state and federal tax and
securities laws and at the request of the Owner Trustee shall take all appropriate action that it is the duty of the Issuer to take pursuant to this Agreement or any of the Transaction Documents, including, without limitation, pursuant to Sections
2.6 and 2.11 of the Trust Agreement. In accordance with the directions of the Issuer or the Owner Trustee, the Servicer shall administer, perform or supervise the performance of such other activities in connection with the Collateral (including the
Transaction Documents) as are not covered by any of the foregoing provisions and as are expressly requested by the Issuer or the Owner Trustee and are reasonably within the capability of the Servicer. The Servicer shall monitor the activities of the
Issuer to ensure the Issuer’s compliance with Section 4.6 of the Trust Agreement and shall take all action necessary to ensure that the Issuer is operated in accordance with the provisions of such section. 

(ii) Notwithstanding anything in this Agreement or any of the Transaction Documents to the contrary, the Servicer shall be
responsible for promptly notifying the Owner Trustee and the Indenture Trustee in the event that any withholding tax is imposed on the Issuer’s payments (or allocations of income) to a Certificateholder as contemplated by this Agreement. Any
such notice shall be in writing and specify the amount of any withholding tax required to be withheld by the Owner Trustee or the Indenture Trustee pursuant to such provision. 

  
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 (iii) Notwithstanding anything in this Agreement or the Transaction Documents to
the contrary, the Servicer shall be responsible for performance of the duties of the Issuer set forth in Sections 5.1(a) and (b) and 5.2 of the Trust Agreement with respect to, among other things, accounting and reports to a Certificateholder;
provided, however, that once prepared by the Servicer, the Owner Trustee shall retain responsibility for the distribution of any necessary Schedule K-1s, as applicable, to enable the Certificateholder to prepare its federal and state
income tax returns. 
 (iv) The Servicer shall perform the duties of the Servicer specified in Section 9.2 of the Trust
Agreement required to be performed in connection with the resignation or removal of the Owner Trustee, the duties of the Servicer specified in Section 10.11 of the Trust Agreement, and any other duties expressly required to be performed by the
Servicer under this Agreement or any of the Transaction Documents. 
 (v) In carrying out the foregoing duties or any of its
other obligations under this Agreement, the Servicer may enter into transactions with or otherwise deal with any of its Affiliates; provided, however, that the terms of any such transactions or dealings shall be in accordance with any
directions received from the Issuer and shall be, in the Servicer’s opinion, no less favorable to the Issuer in any material respect. 

(c) Tax Matters. The Servicer shall prepare and file, on behalf of the Depositor, all tax returns, tax elections, financial statements
and such annual or other reports attributable to the activities engaged in by the Issuer as are necessary for preparation of tax reports, including without limitation forms 1099. All tax returns will be signed by the Depositor or the Servicer. 

(d) Non-Ministerial Matters. With respect to matters that in the reasonable judgment of the Servicer are non-ministerial, the Servicer
shall not take any action pursuant to this Section unless within a reasonable time before the taking of such action, the Servicer shall have notified the Owner Trustee and the Indenture Trustee of the proposed action and the Owner Trustee and, with
respect to items (A), (B), (C) and (D) below, the Indenture Trustee shall have consented thereto in writing (at the written direction of the Majority Holders). For the purpose of the preceding sentence, “non-ministerial matters”
shall include: 
 (a) the amendment of or any supplement to the Indenture; 

(b) the initiation of any claim or lawsuit by the Issuer and the compromise of any action, claim or lawsuit brought by or
against the Issuer (other than in connection with the collection of the Pool Receivables); 
 (c) the amendment, change or
modification of this Agreement or any of the Transaction Documents to which it is a party; 
 (d) the appointment of
successor Note Registrars, successor Note Paying Agents and successor Indenture Trustees pursuant to the Indenture or the appointment of successor Servicers or the consent to the assignment by the Note Registrar, Note Paying Agent or Indenture
Trustee of its obligations under the Indenture; and 
 (e) the removal of the Indenture Trustee. 

  
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 (e) The Backup Servicer or any successor Servicer shall not be responsible for any obligations or
duties of the Servicer under this Section 3.8. Notwithstanding the foregoing or any other provision of this Agreement, CCG shall continue to perform the obligations of the Servicer under this Section 3.8. 

ARTICLE IV 
 BANK ACCOUNTS

 SECTION 4.1 Accounts. 

(a) Collection Account. 

(i) On or before the Closing Date, the Indenture Trustee, on behalf of the Noteholders, will establish and maintain in its own
name an Eligible Account to be designated as “U.S. Bank National Association, as Indenture Trustee, as secured party for CCG Receivables Trust 2013-1,” that is designated as the “Collection Account”. The Collection Account
will be under the sole dominion and control of the Indenture Trustee, except that the Servicer may make deposits to and direct the Indenture Trustee to make withdrawals from the Collection Account in accordance with the Transaction Documents. The
Servicer may direct the Indenture Trustee in writing to withdraw from the Collection Account and pay to the Indenture Trustee or the Servicer, as applicable, amounts that do not constitute Available Amounts for any Collection Period or that were
deposited into the Collection Account in error. 
 (ii) Distributions on Payment Date. All Collections deposited into
the Collection Account shall be distributed in accordance with Sections 4.5(a) and (b) of the Indenture. Any Excluded Amounts that do not belong to the Issuer and that were deposited into the Collection Account shall be removed from the
Collection Account by the Indenture Trustee, as indicated on the related Servicer Report, on each Payment Date prior to the application of Collections pursuant to Sections 4.5(a) and (b) of the Indenture. 

(iii) Funds on deposit in the Collection Account shall be invested by the Indenture Trustee (at the written direction of the
Servicer) in Eligible Investments that will mature so that such funds will be available so as to permit amounts in the Collection Account to be paid and applied on the next Payment Date. 

(b) Reserve Account. 

(i) On or before the Closing Date, the Indenture Trustee, on behalf of the Noteholders, will establish and maintain in its own
name an Eligible Account to be designated as “U.S. Bank National Association, as Indenture Trustee, as secured party for CCG Receivables Trust 2013-1,” that is designated as the “Reserve Account”. The Reserve Account will
be under the sole dominion and control of the Indenture Trustee, 

  
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except that the Servicer may make deposits to and direct the Indenture Trustee in writing to make withdrawals from the Reserve Account in accordance with the Transaction Documents. 

(ii) On the Closing Date, the Issuer will deposit or cause to be deposited the Required Reserve Amount into the Reserve Account
from the proceeds of the sale of the Notes. Following this initial funding, any cash remaining in the Collection Account after making the payments owed to the Noteholders, the Servicer, the Back-Up Servicer, Indenture Trustee, the Owner Trustee and
the Custodian pursuant to clauses First through Eighth of Section 4.5(a) of the Indenture will be deposited in the Reserve Account until the balance in the Reserve Account equals the Required Reserve Amount. Amounts
on deposit in the Reserve Account will be available for payments of interest pursuant to Sections 4.5(a) and (b) of the Indenture. To the extent that the amount on deposit in the Reserve Account exceeds the Required Reserve Amount for a Payment
Date, after giving effect to all other deposits and withdrawals therefrom, the Indenture Trustee shall distribute the amount of any excess as part of Available Amounts on such Payment Date. 

(iii) On each Payment Date, the Servicer shall instruct the Indenture Trustee (based on information in the Servicer’s
Report) to withdraw from the Reserve Account the Reserve Account Withdrawal Amount and the investment income from the investment of funds in the Reserve Account and the Collection Account and deposit such amounts into the Collection Account to be
included as Available Amounts for that Payment Date. On any date on which the Notes are redeemed pursuant to Section 3.13 of the Indenture or upon the acceleration of the entire unpaid principal amount of the Notes following and Event of
Default, the Servicer shall instruct the Indenture Trustee to withdraw from the Reserve Account any funds remaining on deposit therein and deposit such amounts into the Collection Account to be included as Available Amounts for that Payment Date.

 (iv) The Indenture Trustee will transfer all funds on deposit in the Reserve Account to the Depositor on the earlier of:
(i) the Payment Date on or after which the Servicer has deposited into the Collection Account the Purchase Price in connection with its exercising its option to acquire the Pool Receivables pursuant to Section 3.4 and (ii) the date on
which the Note Balance and all other amounts owing or to be distributed to the Noteholders under the Indenture and this Agreement are paid in full. 

(v) Funds on deposit in the Reserve Account shall be invested by the Indenture Trustee (at the written direction of the
Servicer) in Eligible Investments that will mature so that such funds will be available so as to permit amounts in the Reserve Account to be accessed and applied on the next Payment Date following such investment. 

SECTION 4.2 Maintenance of Accounts. 

(a) The Indenture Trustee shall possess all right, title and interest in all funds on deposit from time to time in the Bank Accounts and in
all proceeds thereof for the benefit of the Noteholders and all such funds, investments, proceeds and income shall be part of the Owner Trust Estate. Except as otherwise provided herein, the Bank Accounts shall be under the sole

  
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dominion and control of the Indenture Trustee for the benefit of the Noteholders. If, at any time, any of the Bank Accounts ceases to be an Eligible Account, the Indenture Trustee shall notify
the Servicer (who shall notify each Rating Agency), the Indenture Trustee (or the Servicer on its behalf, or at the direction of the Majority Holders) shall within five (5) Business Days establish a new Bank Account as an Eligible Account and
shall transfer any cash and/or any investments to such new Bank Account. In connection with the foregoing, the Servicer agrees that, in the event that any of the Bank Accounts are not accounts with the Indenture Trustee, the Servicer shall notify
the Indenture Trustee in writing promptly upon any of such Bank Accounts ceasing to be an Eligible Account. 
 (b) With respect to the Bank
Account Property, the Indenture Trustee agrees that: 
 (i) any Bank Account Property that is held in deposit accounts shall
be held solely in the Eligible Accounts; and, except as otherwise provided herein, each such Eligible Account shall be subject to the exclusive custody and control of the Indenture Trustee, and the Indenture Trustee shall have sole signature
authority with respect thereto; 
 (ii) any Bank Account Property that constitutes Physical Property shall be delivered to
the Indenture Trustee in accordance with paragraph (a) of the definition of “Delivery” and shall be held, pending maturity or disposition, solely by the Indenture Trustee or a securities intermediary (as such term is defined in
Section 8-102(14) of the UCC) acting solely for the Indenture Trustee; 
 (iii) the Indenture Trustee shall act as the
“securities intermediary”, and as the Person holding the “securities entitlement” for purposes of Section 8-501 of the UCC of the State of New York, and the “securities intermediary’s jurisdiction” for
purposes of Section 8-110 of the UCC shall be the State of New York; 
 (iv) any Bank Account Property that is a
book-entry security held through the Federal Reserve System pursuant to Federal book-entry regulations shall be delivered in accordance with paragraph (b) of the definition of “Delivery” and shall be maintained by the Indenture
Trustee, pending maturity or disposition, through continued book-entry registration of such Bank Account Property as described in such paragraph; 

(v) any Bank Account Property that is an “uncertificated security” or a “security
entitlement” under Article 8 of the UCC and that is not governed by clause (D) above shall be delivered to the Indenture Trustee in accordance with paragraph (c) or (d), if applicable, of the definition of “Delivery” and
shall be maintained by the Indenture Trustee, pending maturity or disposition, through continued registration of the Indenture Trustee’s (or its nominee’s) ownership of such security; and 

(vi) any cash that is Bank Account Property shall be considered a “financial asset” under Article 8 of the
UCC. 

  
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 ARTICLE V 

THE DEPOSITOR 
 SECTION 5.1
Representations and Warranties 
 (a) Representations and Warranties of the Depositor. The Depositor represents and warrants
to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool Receivables and which will survive the sale of the Pool Receivables to the Issuer and
pledge thereof to the Indenture Trustee pursuant to the Indenture: 
 (i) Corporate Existence and Power. It
(1) is a limited liability company duly organized, validly existing and in good standing under the Laws of its jurisdiction of organization as specified in the preamble herein, (2) is not organized under the Laws of any other jurisdiction
or governmental authority, (3) has all power and all licenses, authorizations, consents and approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is
conducted (except where the failure to have any such licenses, authorizations, consents and approvals would not individually or in the aggregate have a Material Adverse Effect) and (4) is duly qualified to do business in, and is in good
standing in, every other jurisdiction in which the nature of its business or ownership or lease of its properties requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse
Effect. 
 (ii) Due Authorization; Contravention. The execution, delivery and performance by it of this Agreement and
the other Transaction Documents to which it is a party (1) are within its powers, (2) have been duly authorized, (3) require no action by or in respect of, or filing with, any Official Body or official thereof (except as contemplated
by this Agreement which have been (or as of the Closing Date will have been) duly made and in full force and effect), (4) do not contravene, conflict with or constitute a default under (A) its organizational documents, (B) any Law
applicable to it, (C) any material contractual restriction binding on or affecting it or its property or (D) any order, writ, judgment, award, injunction, decree or other instrument binding on or affecting it or its property, and
(5) will not result in the creation or imposition of any Lien (other than Permitted Liens created under the Transaction Documents) upon or with respect to its property, except as contemplated hereby and by the Transaction Documents, which could
reasonably be expected to have a Material Adverse Effect. 
 (iii) Binding Effect. Each of this Agreement and the
other Transaction Documents to which it is a party has been duly executed and delivered and, upon payment of the purchase price as set forth herein, shall constitute the legal, valid and binding obligation of it, enforceable against it in accordance
with the respective terms of such agreement, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and to general principles of equity; regardless of whether such enforceability is
considered in a proceeding in equity or at law. 

  
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 SECTION 5.2 The Depositor’s Additional Representations and Warranties. The Depositor
represents and warrants to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool Receivables and which will survive the sale of the Pool Receivables
to the Issuer and pledge thereof to the Indenture Trustee pursuant to the Indenture: 
  

	 	(I)	General Representations 

 (a) Accuracy of Information. All written information
heretofore furnished by the Depositor to the Issuer (or its assignee) in connection with this Agreement or any transaction contemplated hereby is true, complete and accurate in every material respect, on the date such information is stated or
certified, and such information shall not contain any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements contained therein, in the light of the circumstances under which they were made, not
materially misleading. 
 (b) Tax Status; Sale Treatment. The Depositor (1) has filed all tax returns (federal, state and local)
required to be filed, (2) has paid or made adequate provision for the payment of all taxes, assessments and other governmental charges (except for taxes, assessments or other governmental charges that are being contested in good faith by the
Depositor through appropriate proceedings and with respect to which adequate reserves have been maintained in accordance with GAAP), and (3) will not account for the sale of the Sold Assets pursuant to this Agreement, other than as a sale by
the Depositor to the Issuer (except to the extent otherwise required for United States federal income tax purposes under the Internal Revenue Code or by the application of consolidated financial reporting principles under GAAP). No tax lien has been
filed and to the Depositor’s knowledge, no tax lien claim is being asserted against any of its properties which could reasonably be expected to have a Material Adverse Effect. 

(c) Action, Suits. The Depositor is not in violation of any order of any Official Body or arbitrator. There are no actions, suits,
litigation, investigations or proceedings pending, or to the knowledge of the Depositor threatened, against or affecting the Depositor or any Affiliate of the Depositor or their respective properties, in or before any Official Body or arbitrator
which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (d) Use of Proceeds. No
proceeds of any sale or contribution hereunder shall be used by the Depositor (1) to acquire any security in any transaction which is subject to Section 13 or 14 of the Securities Exchange Act of 1934, as amended, (2) to acquire any
equity security of a class which is registered pursuant to Section 12 of such act or (3) for any other purpose that violates Applicable Law, including Regulations T, U or X of the Federal Reserve Board. 

(e) Principal Place of Business; Chief Executive Office; Location of Records. The Depositor is a limited liability company duly
organized under the laws of the state of Delaware. The principal place of business and chief executive office of the Depositor and the offices where the Depositor keeps all its records relating to the Pool Receivables are located at the address(es)
described on Schedule 3 or such other locations notified to the Issuer in accordance with the terms of this Agreement. 

  
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 (f) Subsidiaries; Tradenames, Etc. (1) As of the Closing Date, the Depositor has only
the Subsidiaries and divisions listed on Schedule 3 (which Schedule may be updated from time to time by notice from the Depositor to the Issuer and the Indenture Trustee) and (2) the Depositor has, within the last five (5) years, operated
only under the tradenames identified on Schedule 3, and, within the last five (5) years, has not changed its name other than the tradenames identified on Schedule 3, merged with or into or consolidated with any other Person or been the subject
of any Proceeding under the Bankruptcy Code. Schedule 3 also lists the correct Federal Employer Identification Number of the Depositor. 

(g) Not an Investment Company. The Depositor is not, and is not controlled by, an “investment company” within the meaning of
the Investment Company Act of 1940, or is exempt from all provisions of such act. 
 (h) ERISA. Neither the Depositor nor any ERISA
Affiliate (i) maintains any “pension plan” (as defined in Section 3(2) of ERISA) or (ii) contributes to any “multiemployer plan” (as defined in Section 3(37) and 4001(a)(3) of ERISA). 

(i) Lock-Box Account. All Obligors in respect of Pool Receivables sold or contributed hereunder have been instructed as of the Closing
Date to make payment to a Lock-Box Account. The names and addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Account at the Lock-Box Bank, are specified on Schedule 2, as updated by the Depositor from time to time
by notice from the Depositor to the Issuer. The Depositor shall at all times have the ability to identify and segregate, in accordance with the terms of the Lock-Box Intercreditor Agreement, all of the Collections from other funds on deposit in the
Lock-Box Account and cause the same to be deposited into the Collection Account within five (5) Business Days after receipt of such Collections. 

(j) Bulk Sales. No transaction contemplated hereby requires compliance with any bulk sales act or similar law. 

(k) Nonconsolidation. The Depositor has taken and will continue to take all actions required to maintain the Issuer’s status as a
separate legal entity, including, without limitation, (1) not holding the Issuer out to third parties as other than an entity with assets and liabilities distinct from the Depositor and the Depositor’s other Subsidiaries; (2) other
than by reason of owning the residual interest of the Issuer, not holding itself out to be responsible for any decisions or actions relating to the Issuer (except for decisions or actions as Certificateholder); (3) preparing unaudited separate
financial statements for the Issuer (which may be consolidated with the Depositor); (4) taking such other actions as are necessary on its part to ensure that all procedures required by its and the Issuer’s certificate of formation and
limited liability company agreement, and certificate of trust and Trust Agreement, respectively, are duly and validly taken; (5) keeping correct and complete records and books of account and corporate minutes; and (6) not acting in any
manner that could foreseeably materially mislead others with respect to the Issuer’s separate identity. In addition to the foregoing, the Depositor has taken and will continue to take all necessary actions so that: 

(i) the Depositor shall maintain records and books of account and minutes separate from those of the Issuer; 

  
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 (ii) the Depositor shall maintain an arm’s-length relationship with the
Issuer and shall not hold itself out as being liable for any Indebtedness of the Issuer (other than certain indemnification obligations of the Issuer provided herein); 

(iii) the Depositor shall keep its assets and its liabilities wholly separate from those of the Issuer (except with respect to
any commingled Collections to the extent permitted under this Agreement or the Indenture); 
 (iv) the Depositor shall at all
times limit its transactions with the Issuer only to those expressly permitted hereunder or under any other Transaction Document; and 

(v) the Depositor shall comply with (and cause to be true and correct) each of the facts and assumptions relating to the
Depositor contained in the opinion of Katten Muchin Rosenman LLP delivered pursuant to the terms of the Transaction Documents. 
 (l)
Preference; Voidability. The Issuer shall have given reasonably equivalent value to the Depositor in consideration for the sale to the Issuer of the Sold Assets from the Depositor, and such sale shall not have been made for or on account of
an antecedent debt owed by the Depositor to the Issuer and no such sale is or may be voidable under any section of the Bankruptcy Code. 

(m) Compliance with Law. The Depositor has complied with all Applicable Laws to which it may be subject, (including, without
limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply would not have a Material
Adverse Effect. 
 (n) Representations and Warranties in other Transaction Documents. Each of the representations and warranties made
by the Depositor contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it hereby makes each such representation and warranty to, and for the benefit of, the Issuer as if the same were
set forth in full herein. 
 (o) Schedule of Pool Receivables. The schedule of Pool Receivables listed on Schedule 1 hereto is true
and correct as of the date hereof. 
  

	 	(II)	Representations with respect to the Pool Receivables 

 (a) Good Title; Perfection.

 (i) Immediately preceding the sale or contribution hereunder, the Depositor was the owner of all of the Sold Assets, free and clear of
all Liens (other than any Permitted Liens). This Agreement constitutes a valid sale, transfer and assignment of the Sold Assets to the Issuer from the Depositor and, upon the purchase or contribution, as the case may be, hereunder the Issuer shall
acquire a valid, enforceable and perfected ownership interest in the Sold Assets free and clear of any Lien (other than any Permitted Liens and Equipment with an aggregate invoiced cost of $25,000 or less). 

  
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 (ii) Notwithstanding the immediately preceding sentence, if the conveyance by the Depositor to
the Issuer of the Sold Assets hereunder were construed not to be a sale or contribution, this Agreement creates a valid security interest in favor of the Issuer (and its assignee) in the Sold Assets consisting of all the Pool Receivables sold
hereunder, the Related Security, the related Equipment and the proceeds relating thereto, free and clear of all Liens (other than Permitted Liens) (provided, however, that no representation is made herein with respect to creation or perfection of
any security interest in goods or other assets pledged by an Obligor other than Equipment with an aggregate invoiced cost of more than $25,000); all financing statements and other documents required to be recorded or filed in order to perfect the
security interest of the Issuer in the Sold Assets have been filed, and the Issuer (and its assignee) has, subject to Permitted Liens, a perfected first priority security interest in all the Sold Assets sold hereunder, and the proceeds relating
thereto, free and clear of all Liens (other than the Permitted Liens). 
 (b) Nature of Pool Receivables. Each Pool Receivable will
be an Eligible Receivable as of the Closing Date. As of the Closing Date, the Depositor has no knowledge of any fact that would cause it or should have caused it to expect any payments on such Pool Receivable will not be paid in full when due or
that is reasonably likely to cause or result in any Material Adverse Effect on the Issuer or the Noteholders in respect of such Pool Receivable. To the extent that the first Scheduled Payment of a Pool Receivable is due after the Cut-Off Date, such
first Scheduled Payment of such Pool Receivable is not more than 61 days late. In the event of a prepayment of a Pool Receivable, there is no obligation to rebate money to the related Obligor. 

(c) Perfection Representations. The Depositor is the sole owner of all of the Pool Receivables sold hereunder listed in Schedule 1
free and clear of all Liens (other than Permitted Liens). The Depositor further represents: 
 (1) General. 

(A) The Pool Receivables sold hereunder constitute “accounts,” “instruments,” “general intangibles,” or
“tangible chattel paper” within the meaning of the UCC. 
 (B) The Depositor has taken all steps or commenced procedures necessary
in each jurisdiction in which the Pool Receivables were originated to perfect its security interest against the Obligors in the Equipment securing the Pool Receivables sold hereunder; provided, however, that the security interest in
Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected. 
 (C) The Depositor has received all consents and
approvals required by the terms of the Pool Receivables to the pledge of a security interest in the Pool Receivables to the Issuer. 
 (2)
Creation. The Depositor owns and has good and marketable title to the Sold Assets immediately prior to the sale or contribution or pledge thereof in accordance with the terms of this Agreement free and clear of any Lien, claim or encumbrance
of any Person, excepting other Permitted Liens and liens for taxes, assessments or similar governmental charges or levies that are not yet due and payable or as to which any applicable grace period shall not

  
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have expired, or that are being contested in good faith by proper proceedings and for which adequate reserves have been established, but only so long as foreclosure with respect to such a Lien is
not imminent and the use and value of the property to which the Lien attaches is not impaired during the pendency of such proceeding. 
 (3)
Perfection. The Depositor has caused or commenced procedures for the filing of all appropriate financing statements in the proper filing office in the appropriate jurisdictions under Applicable Law in order to perfect the sale and/or
contribution of the Sold Assets from the Depositor to the Issuer; provided, however, that the security interest in Equipment with an aggregate invoiced cost of $25,000 or less may not be perfected. 

(4) Priority. 
 (A) Other
than the transfer of the Sold Assets to the Issuer hereunder, the Depositor has not pledged, assigned, sold, granted a security interest in, or otherwise conveyed any of the Sold Assets. The Depositor has not authorized the filing of, nor is aware
of any financing statements against the Depositor that include a description of collateral covering the Sold Assets transferred hereunder other than any financing statement relating to the transfer of the Sold Assets hereunder or that has been or is
being terminated in connection with the execution of this Agreement. The Depositor is not aware of any judgment or tax lien filings against it. 

(B) With respect to Sold Assets which constitute “tangible chattel paper” or “instruments” within the meaning of the UCC,
the Depositor shall deliver to the Custodian all original copies of the instruments that constitute or evidence the Sold Assets transferred hereunder. The Contracts and instruments that constitute or evidence the Sold Assets do not have any marks or
notations indicating that they have been pledged, assigned or otherwise conveyed to any Person other than the Issuer. 
 (5) Survival of
Perfection Representations. Notwithstanding any other provision of this Agreement or any other Transaction Document, the perfection representations contained herein shall be continuing, and remain in full force and effect until the occurrence of
the final Payment Date. 
 (6) No Waiver. The Depositor (i) shall not, without obtaining the prior written consent of the Issuer
and the Indenture Trustee waive any of these perfection representations; (ii) shall provide the Issuer with prompt written notice of any breach of these perfection representations, and shall not, without obtaining the prior written consent of
the Issuer and the Indenture Trustee waive a breach of any of these perfection representations 
  

	 	(III)	Notice of Breach. Upon discovery by the Depositor of a breach of any of the foregoing representations and warranties, the Depositor shall give written notice to the Issuer and to the Indenture Trustee within
three (3) Business Days of such discovery. 

  
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 SECTION 5.3 Affirmative Covenants of the Depositor. At all times prior to the final
Payment Date, the Depositor, for the benefit of the Issuer and its assignees, shall do each of the following: 
 (a) Conduct of Business;
Ownership. The Depositor shall carry on and conduct its business in substantially the same manner and in substantially the same fields of enterprise as it is presently conducted and do all things necessary to remain duly organized, validly
existing and in good standing as a domestic organization in its jurisdiction of organization and maintain all requisite authority to conduct its business in each jurisdiction in which its business is conducted except where failure to so comply would
not have a Material Adverse Effect. The Depositor shall at all times, be a wholly-owned Subsidiary of the Originator; 
 (b) Compliance
with Laws, Etc. The Depositor shall comply with all Laws to which it or its properties may be subject and preserve and maintain its limited liability company existence, rights, franchises, qualifications and privileges except where failure to so
comply, preserve or maintain would not have a Material Adverse Effect; 
 (c) Inspection of Records. 

(i) Prior to the occurrence of a Default or an Event of Default and once per calendar year at the expense of the party
requesting such audit or inspection, the Depositor shall at any time during regular business hours, upon reasonable notice, as requested by the Issuer, permit the Issuer or its appointees (including, without limitation, the Indenture Trustee on
behalf of the Noteholders, and its appointees and designees) to (A) examine and make copies of and take abstracts from all books, records and documents (including computer tapes and disks) relating to the Sold Assets, including the related
Contracts and (B) visit the offices and properties of the Depositor, as applicable, for the purpose of examining such materials described in clause (i), and to discuss matters relating to the Sold Assets or the Depositor’s performance
hereunder, under the Pool Receivables and under the other Transaction Documents to which it is a party with any of the officers, directors, or in the presence of an officer, employee or independent public accountant, of the Depositor having
knowledge of such matters. 
 (ii) During a Default or an Event of Default, the Issuer and its assigns (including the
Indenture Trustee on behalf of the Noteholders) may conduct an unlimited number of audits of the Depositor, as necessary, for any of the purposes set forth in (i) and (ii) above, as necessary, at the expense of the Depositor. 

(d) Notice of the Issuer’s and Indenture Trustee’s Interest. In the event that the Depositor sells or otherwise transfers any
interest in accounts receivable or any other financial assets (other than as contemplated by the Transaction Documents), any computer tapes or files or other documents or instruments provided by the Depositor in connection with any such sale or
transfer shall, to the extent that such computer tapes, files or other documents or instruments contain any references to the Sold Assets, disclose the Issuer’s ownership of the Sold Assets and the Indenture Trustee’s security interest
therein. 

  
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 (e) Sale Treatment. The Depositor shall not account for, or otherwise treat, the
transactions contemplated herein in any manner other than as a sale of the Sold Assets by the Depositor to the Issuer (except to the extent otherwise required (i) for United States federal income tax purposes under the Internal Revenue Code or
(ii) by the application of consolidated financial reporting principles under GAAP). 
 (f) Protection of Security Interest of the
Issuer and the Indenture Trustee. The Depositor agrees that it shall, from time to time, at its expense, promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Issuer may reasonably request
in order to perfect or protect the Issuer’s title in the Sold Assets (other than Equipment with an aggregate invoiced cost of $25,000 or less) or to enable the Issuer to exercise or enforce any of its rights hereunder. Without limiting the
foregoing, the Depositor shall, upon the request of the Issuer (i) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and filed pursuant hereto) with
respect to Equipment having an aggregate invoiced cost greater than $25,000 and (ii) mark its respective master data processing records and other documents with a legend describing the security interest granted to the Issuer in the Sold Assets.
Without limiting the foregoing, the Depositor may in its discretion execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to be executed and filed pursuant hereto) with
respect to Equipment having an original cost of $25,000 or less. To the fullest extent permitted by Applicable Law, the Issuer (or its assignee) shall be permitted to sign and file continuation statements and amendments thereto and assignments
thereof without the Depositor’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. 

(g) Taxes. The Depositor will file all tax returns and reports required by law to be filed by it and will promptly pay all taxes and
governmental charges at any time owing by it (other than any amount of tax the validity of which is currently being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on
the books of such Person). 
 SECTION 5.4 Negative Covenants of the Depositor At all times from the Closing Date to and including the
final Payment Date: 
 (a) No Sales, Liens, Etc. Except as otherwise provided herein and in the other Transaction Documents, the
Depositor shall not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) (or the filing of any financing statement) upon or with respect to (i) any of the
Sold Assets, or (ii) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Pool Receivable, or assign any right to receive income in respect thereof or (iii) any account which concentrates in a
Lock-Box Account to which any Collections of any Pool Receivable are sent (except for any right of a Lock-Box Bank with respect to a Lock-Box Account as permitted under the Transaction Documents). 

(b) No Extension or Amendment of Receivables. The Depositor shall not claim or assert that it has, solely in its capacity as Depositor,
the right to extend, amend or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract pursuant to which such Pool Receivable is created. 

  
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 (c) Change of Name, Etc. The Depositor shall not change its name, identity, jurisdiction
of formation or structure (including through a merger) or the location of its chief executive office or make any other change which, in the case of the foregoing, could cause any UCC financing statement filed in connection with this Agreement or any
other Transaction Document to become “seriously misleading” under the UCC or change its jurisdiction of organization, unless at least thirty (30) days prior to the effective date of any such change the Depositor delivers to the Issuer
and the Indenture Trustee such documents, instruments or agreements, executed by the Depositor as are necessary to reflect such change and to continue the perfection of the Issuer’s and the Indenture Trustee’s ownership interests or
security interests in the Sold Assets. The Depositor will not become or seek to become organized under the laws of more than one jurisdiction. 

SECTION 5.5 Repurchases by the Depositor. 

(a) If a Responsible Officer of the Depositor has actual knowledge, or receives written notice, of a breach of the representations or
warranties made by the Depositor pursuant to Section 5.2(II) with respect to any Pool Receivable that materially and adversely affects the interest of the Issuer or the Noteholders in such Pool Receivable and such breach has not been cured in
all material respects by the last day of the second full Collection Period (or, at the Depositor’s option, the first full Collection Period) after the Responsible Officer obtains actual knowledge or is notified of such breach, the Depositor
will repurchase such Pool Receivable by remitting (or causing to be remitted) an amount equal to the then Net Book Value of such Receivable (the “Repurchase Amount”) for such Receivable to the Collection Account on the Business Day
preceding the Payment Date after such Collection Period. 
 (b) The sole remedy for a breach of the representations and warranties of the
Depositor contained in Section 5.2(II) that has not been cured is (i) to require the Depositor to repurchase any Pool Receivable with respect to which the Depositor’s breach of such representations and warranties materially and
adversely affected the interests of the Issuer or Noteholders in such Pool Receivable, or (ii) to require the Depositor or the Indenture Trustee to enforce the obligation of CCG to repurchase such Pool Receivable pursuant to Section 5.4 of
the Purchase Agreement. None of the Servicer, the Owner Trustee, the Indenture Trustee or the Depositor will have any duty to conduct an investigation as to the occurrence of any condition requiring the repurchase of any Receivable pursuant to
Section 5.5(a). 
 (c) When the Repurchase Amount is included in Available Amounts for a Payment Date, the Issuer will, without further
action, be deemed to have sold and assigned to the Depositor as of the last day of the second preceding Collection Period all of the Issuer’s right, title and interest in and to the Pool Receivable repurchased by the Depositor pursuant to
Section 5.5(a) and security and documents relating to such Pool Receivable. Such sale will not require any action by the Issuer and will be without recourse, representation or warranty by the Issuer or by the Indenture Trustee except the
representation that the Issuer owns such Pool Receivable free and clear of any Liens other than Permitted Liens. Upon such sale, the Servicer will mark its 

  
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computer records to indicate that such Receivable is no longer a Pool Receivable and take any action necessary or appropriate to evidence the sale of such Receivable, free from any Lien of the
Issuer or the Indenture Trustee. 
 SECTION 5.6 Indemnities by the Depositor. The Depositor shall be liable in accordance herewith
only to the extent of the obligations specifically undertaken by the Depositor under this Agreement. 
 (a) The Depositor will, or will
cause the Servicer to, indemnify, defend and hold harmless the Owner Trustee, the Issuer, the Indenture Trustee, the Back-Up Servicer and the Custodian and their respective officers, directors, employees and agents from and against any taxes that
may at any time be asserted against any such Person with respect to the transactions or activities contemplated in this Agreement and any of the Transaction Documents (except any income taxes arising out of fees paid to the Owner Trustee and the
Indenture Trustee and except any taxes to which the Owner Trustee or the Indenture Trustee may otherwise be subject to, without regard to the transactions contemplated hereby), including any sales, gross receipts, general corporation, tangible or
intangible personal property, privilege or license taxes (but, in the case of the Issuer, not including any taxes asserted with respect to, federal or other income taxes arising out of distributions on the Notes) and costs and expenses in defending
against the same. 
 (b) The Depositor will, or will cause the Servicer to, indemnify, defend and hold harmless the Issuer, the Owner
Trustee, the Indenture Trustee, the Back-Up Servicer and the Custodian and their respective officers, directors, employees and agents thereof from and against any loss, liability or expense incurred by reason of (i) the Depositor’s willful
misfeasance, bad faith or negligence in the performance of its duties under this Agreement, or by reason of reckless disregard of its obligations and duties under this Agreement and (ii) the Depositor’s or the Issuer’s violation of
federal or state securities laws in connection with the offering and sale of the Notes. 
 (c) The Depositor will, or will cause the
Servicer to, indemnify, defend and hold harmless the Issuer, the Owner Trustee, Indenture Trustee, Custodian and Back-Up Servicer and their respective officers, directors, employees and agents thereof from and against any and all costs, expenses,
losses, claims, damages and liabilities arising out of, or incurred in connection with the acceptance or performance of the trusts and duties set forth herein and in the Transaction Documents except to the extent that such cost, expense, loss,
claim, damage or liability shall be due to the willful misfeasance, bad faith or gross negligence (except for errors in judgment) of the Owner Trustee, Indenture Trustee, the Custodian and the Back-Up Servicer, respectively. 

Indemnification under this Section shall survive the resignation or removal of the Owner Trustee, the Indenture Trustee, the Back-Up Servicer
or the Custodian and the termination of this Agreement, the Indenture, the Custodian Agreement or the Trust Agreement, as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. Notwithstanding
anything else set forth in this Sale and Servicing Agreement or the Transaction Documents, the Owner Trustee, the Indenture Trustee, the Back-Up Servicer or the Custodian agree that the obligations of the Depositor and of the Servicer shall be
recourse only to the assets of such Persons, and specifically shall not be recourse to the Owner Trustee Estate. If the Depositor shall have made any indemnity payments pursuant to this Section and the Person to or on behalf of whom such payments
are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Depositor, without interest. 

  
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 ARTICLE VI 

THE SERVICER 
 SECTION 6.1
Representation and Warranties of the Servicer. The Servicer represents and warrants to the Issuer as of the Closing Date and on the date of the execution and delivery of this Agreement, on which the Issuer is relying on in acquiring the Pool
Receivables and which will survive the sale of the Pool Receivables to the Issuer and pledge thereof to the Indenture Trustee pursuant to the Indenture: 

(a) Corporate Existence and Power. It (i) is a corporation, duly organized, validly existing and in good standing under the Laws
of its jurisdiction of organization as specified in the preamble herein, (ii) is not organized under the Laws of any other jurisdiction or governmental authority, (iii) has all corporate power and all licenses, authorizations, consents and
approvals of all Official Bodies required to own or lease its properties and to carry on its business in each jurisdiction in which its business is conducted (except where the failure to have any such licenses, authorizations, consents and approvals
would not individually or in the aggregate have a Material Adverse Effect) and (iv) is duly qualified to do business and is in good standing in every other jurisdiction in which the nature of its business or ownership or lease of its properties
requires it to be so qualified, except where the failure to be so qualified or in good standing would not have a Material Adverse Effect. 

(b) Corporate and Governmental Authorization; Contravention. The execution, delivery and performance by it of this Agreement and the
other Transaction Documents to which it is a party: (i) are within its corporate powers, (ii) have been duly authorized by all necessary corporate and shareholder action, (iii) require no action by or in respect of, or filing with,
any Official Body or official thereof (except which have been (or as of the Closing Date will have been) duly made and in full force and effect), (iv) do not contravene, conflict with or constitute a default under (1) its articles of
incorporation or by laws, (2) any Law applicable to it, (3) any material contractual restriction binding on or affecting it or its property or (4) any order, writ, judgment, award, injunction or decree binding on or affecting it or
its property or (v) will not result in the creation or imposition of any Lien upon or with respect to its property (except as contemplated hereby), which could reasonably be expected to have a Material Adverse Effect. 

(c) Binding Effect. Each of this Agreement and the other Transaction Documents to which it is a party has been duly executed and
delivered and constitutes its legal, valid and binding obligation, enforceable against it in accordance with its terms, subject to applicable bankruptcy, insolvency, moratorium or other similar laws affecting the rights of creditors generally and by
general principles of equity, regardless of whether such enforceability is considered in a proceeding equity or at law. 
 (d) Accuracy
of Information. All written information heretofore furnished by it to the Issuer or the Indenture Trustee for purposes of or in connection with this Agreement or any transaction contemplated hereby is true, complete and accurate in every
material respect, on the date such information is stated or certified, and no such item contains any untrue statement of a material fact or omits to state a material fact necessary in order to make the statements contained therein, in the light of
the circumstances under which they were made, not misleading. 

  
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 (e) Tax Status. It has (i) filed all tax returns (federal, state and local) required
to be filed, (ii) paid or made adequate provision for the payment of all taxes, assessments and other governmental charges except for taxes, assessments and other governmental charges that are being contested in good faith through appropriate
proceedings and with respect to which adequate reserves are being maintained in accordance with GAAP and (iii) no tax lien has been filed and to its knowledge, no tax lien claim is being asserted against any of its properties which could
reasonably be expected to have a Material Adverse Effect. 
 (f) Action, Suits. It is not in violation of any order of any Official
Body or arbitrator. There are no actions, suits, litigation, investigations or proceedings pending, or to its knowledge, threatened, against or affecting it or any of its Affiliates or their respective properties, in or before any Official Body or
arbitrator, which could reasonably be expected, individually or in the aggregate, to have a Material Adverse Effect. 
 (g) Principal
Place of Business; Chief Executive Office; Location of Records. Its principal place of business, chief executive office and the offices where it keeps all its records related to the Contracts and Pool Receivables are located at the address(es)
described on Schedule 3 or such other locations notified to the Issuer and the Indenture Trustee in accordance with this Agreement. 
 (h)
Nature of Pool Receivables. Each Pool Receivable satisfied the definition of “Eligible Receivable” set forth in the Indenture as of the Closing Date. 

(i) Credit and Collection Policy. The Credit and Collection Policy attached hereto as Exhibit C is the Credit and Collection Policy in
effect as of the Closing Date. The Servicer has at all times complied with the Credit and Collection Policy with regard to each Pool Receivable. 

(j) No Servicer Default or Event of Default. No event exists and no condition exists which constitutes a Servicer Default or an Event
of Default. 
 (k) Not an Investment Company. It is not, and is not controlled by, an “investment company” within the
meaning of the Investment Company Act of 1940, or is exempt from all provisions of such act. 
 (l) Lock-Box Accounts. The names and
addresses of all the Lock-Box Banks, together with the account numbers of the Lock-Box Accounts at such Lock-Box Banks are specified in Schedule 2, as updated from time to time by from the Servicer to the Issuer and the Indenture Trustee. All
Obligors have been instructed to make payment in respect of the Contracts to a Lock-Box Account pursuant to Section 6.2(f). The Servicer shall at all times have the ability to identify and segregate all of the Collections from other funds on
deposit in each Lock-Box Account within five (5) Business Days after receipt of such Collections. 
 (m) Nonconsolidation. The
Servicer is operated in such a manner that the separate corporate existence of the Depositor would not be disregarded in the event of the bankruptcy or insolvency of the Servicer, or any Affiliate of the Servicer. 

  
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 (n) Compliance with Law. It has complied with all Applicable Laws to which it may be
subject (including, without limitation, laws, rules and regulations relating to truth in lending, fair credit billing, fair credit reporting, equal credit opportunity, fair debt collection practices and privacy) except where the failure to comply
would not have a Material Adverse Effect. 
 (o) Lock-Box Intercreditor Agreement. Other than the Issuer and the Indenture Trustee,
no Person has become a “Joined Party” (as such term is defined in the Lock-Box Intercreditor Agreement) since March 31, 2010. 

(p) Representations and Warranties in other Transaction Documents. Each of the representations and warranties made by the Servicer
contained in the Transaction Documents (other than this Agreement) is true, complete and correct in all respects and it hereby makes each such representation and warranty to, and for the benefit of, the Issuer and the Indenture Trustee as if the
same were set forth in full herein. 
 SECTION 6.2 Covenants. At all times from the Closing Date to the final Payment Date, unless
the Issuer or Indenture Trustee (at the direction of the Majority Holders) shall otherwise consent in writing, the Servicer hereby covenants and agrees with the Issuer for the benefit of the Indenture Trustee and the Noteholders: 

(a) Change in Credit and Collection Policy. Within five (5) Business Days of the date on which any material amendment or
modification to the Credit and Collection Policy is made that would affect the servicing and collection of the Contracts related to the Pool Receivables, the Servicer shall provide the Issuer, each Rating Agency and the Indenture Trustee with a copy
of the Credit and Collection Policy then in effect and indicating such change or amendment, provided, however, that no such material amendment or modification to the Credit and Collection Policy shall be effective without the prior written consent
of the Majority Holders. Section 6.3(c) hereof provides guidance as regards “material” changes for this purpose. 
 (b)
Compliance with Laws, Etc. The Servicer shall comply with all Laws to which it or its respective properties may be subject and preserve and maintain its corporate existence, rights, franchises, qualifications and privileges except where
failure to so comply would not have a Material Adverse Effect. 
 (c) Furnishing of Information and Inspection of Records. Once per
calendar year at expense of the party requesting such audit or inspection, the Servicer shall at any time during regular business hours, upon reasonable notice, as requested by the Issuer, permit the Issuer or its appointees (including without
limitation the Indenture Trustee on behalf of the Noteholders, and its appointees and designees) to (A) examine and make copies of and take abstracts from all books, records and documents (including computer tapes and disks) relating to the
Pool Receivables or other Collateral and (B) visit the offices and properties of the Servicer, as applicable, for the purpose of examining such materials described in clause (i), and to discuss matters relating to the Collateral or the
Servicer’s performance hereunder, under the Pool Receivables and under the other Transaction Documents to which it is a party with any of the officers, directors, or in the presence of an officer, employee or independent public accountant of
the Servicer having knowledge of such matters. 

  
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 (d) Keeping of Records and Books of Account. The Servicer shall maintain and implement
administrative and operating procedures (including an ability to recreate records evidencing Pool Receivables and the related Contracts in the event of the destruction of the originals thereof), and keep and maintain, all documents, books, computer
tapes, disks, records and other information reasonably necessary or advisable for the collection of all Pool Receivables (including records adequate to permit the daily identification of substantially all Collections of and adjustments to such Pool
Receivables). 
 (e) Performance and Compliance with Contracts, Pool Receivables and Credit and Collection Policy. The Servicer
shall, at its own expense, timely and fully perform and comply with all material provisions, covenants and other promises required to be observed by it under the Contracts related to the Pool Receivables and the Issuer; and the Servicer, as to
itself, shall timely and fully comply in all material respects with the Credit and Collection Policy in regard to each Pool Receivable and the related Contract. 

(f) Instructions to the Obligors. The Servicer shall instruct all Obligors to cause all Collections to be deposited directly to a
Lock-Box Account or to post office boxes to which only Lock-Box Banks have access and shall cause all items and amounts relating to such Collections received in such post office boxes to be removed by the applicable Lock-Box Bank and deposited into
a Lock-Box Account on a daily basis. 
 (g) Deposits to Collection Account. The Servicer shall not deposit or otherwise credit, or
cause or permit to be so deposited or credited, to the Collection Account cash or cash proceeds other than Collections or Excluded Amounts (or misdirected funds, which shall be removed as soon as practicable) in respect of the Pool Receivables. The
Servicer shall at all times direct the Intercreditor Master Agent, and provide written disbursement instructions to the Intercreditor Master Agent directing it, to disburse funds from the Lock-Box Account which is subject to the Lock-Box
Intercreditor Agreement to the Collection Account in accordance with Section 4(f) of the Lock-Box Intercreditor Agreement. 
 (h)
Taxes. The Servicer will file all tax returns and reports required by law to be filed by it and will promptly pay all taxes and governmental charges at any time owing by it (other than any amount of tax the validity of which is currently
being contested in good faith by appropriate proceedings and with respect to which reserves in accordance with GAAP have been provided on the books of such Person). 

(i) Insurance. The Servicer will cause the related Obligors to maintain the following types of insurance: with respect to a Pool
Receivable that is a lease, liability and property damage and with respect to a Pool Receivable that is a loan, property damage on the Equipment in accordance commensurate with insurance maintained by companies engaged in similar lines of business.

 (j) Titles. 

(i) Prior to the occurrence of a Servicer Default or an Event of Default, the Servicer shall hold the titles to Equipment
evidenced by a certificate of title in trust for the benefit of the Indenture Trustee and the Noteholders. 
 (ii) At all
times after the occurrence of a Servicer Default or an Event of Default, the Servicer shall deliver all titles to Equipment evidenced by a certificate of title to the Custodian. 

  
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 (k) Custodian File. Not later than the Closing Date or ten Business Days following any
applicable Substitution Date, the Servicer shall cause to be delivered to the Custodian an accurate and complete Custodian File for each related Pool Receivable. 

(l) Protection of Security Interest of the Issuer and the Indenture Trustee. The Servicer agrees that it shall, from time to time, at
its expense, promptly execute and deliver all instruments and documents and take all actions as may be necessary or as the Issuer or the Indenture Trustee may reasonably request in order to perfect or protect the Issuer’s security interest and
Indenture Trustee’s security interest in the Pool Receivables or to enable the Issuer or the Indenture Trustee to exercise or enforce any of its respective rights under this Agreement and any other Transaction Document to which it is a party.
Without limiting the foregoing, the Servicer shall, upon the request of the Issuer or the Indenture Trustee (i) execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to
be executed and filed pursuant hereto) with respect to Equipment having an aggregate invoiced cost greater than $25,000 and (ii) mark its respective master data processing records and other documents with a legend describing the security
interest granted to the Issuer in the Collateral. Without limiting the foregoing, the Servicer may in its discretion execute and file such financing or continuation statements or amendments thereto or assignments thereof (as otherwise permitted to
be executed and filed pursuant hereto) with respect to Equipment having an aggregate invoiced cost of $25,000 or less. To the fullest extent permitted by Applicable Law, the Issuer (or its assignee) shall be permitted to sign and file continuation
statements and amendments thereto and assignments thereof without the Depositor’s signature. Carbon, photographic or other reproduction of this Agreement or any financing statement shall be sufficient as a financing statement. 

(m) Notice to Obligors. Upon an Event of Default or a Servicer Default, to the extent the laws or regulations of a State require a
lienholder to provide notice to an Obligor if the security interest in the related property has been assigned, the Servicer will provide the related Obligor with notice of the Indenture Trustee’s security interest in the Equipment. 

SECTION 6.3 Negative Covenants of the Servicer. At all times from the Closing Date to the final Payment Date, unless the Issuer shall
otherwise consent in writing, the Servicer hereby covenants and agrees with the Issuer and the Indenture Trustee as follows: 
 (a) No
Sales, Liens, Etc. Except as otherwise provided herein, Servicer not sell, assign (by operation of law or otherwise) or otherwise dispose of, or create or suffer to exist any Lien (other than Permitted Liens) upon, or file any financing
statement with respect to: (i) any of the Collateral, or (ii) any inventory or goods (including the Equipment), the sale or lease of which gave rise to a Related Security, or assign any right to receive income in respect thereof;
provided, that the Servicer, at the direction of the Originator, may substitute Eligible Receivables in accordance with Section 3.3. 

  
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 (b) No Extension or Amendment of Contracts. Except as otherwise permitted in
Section 3.2, the Servicer shall not extend, amend or otherwise modify the terms of any Pool Receivable, or amend, modify or waive any term or condition of any Contract related thereto. 

(c) No Material Change in Credit and Collection Policy Without Consent. The Servicer may not make or permit to be made any material
change to the Credit and Collection Policy without the prior written consent of the Majority Holders. For purposes hereof and for Section 6.2(a), a change to the Credit and Collection Policy, is “material” if such change would, if
made, impair the collectability of any Pool Receivable or otherwise have a Material Adverse Effect. 
 (d) Change in Payment Instructions
to Obligors. The Servicer shall not add or terminate any bank as a Lock-Box Bank or any account as a Lock-Box Account to or from those listed in Schedule 2 or make any change in any material respect in its instructions to Obligors regarding
payments to be made to any Lock-Box Account, unless (i) such instructions are to deposit such payments to another existing Lock-Box Account or to the Collection Account and (ii) the Issuer, the Indenture Trustee shall have received written
notice of such addition, termination or change at least thirty (30) days prior thereto and the Majority Holders shall have given prior written approval thereof. 

(e) Change of Name, Etc. The Servicer shall not change its name, identity, jurisdiction of formation or structure (including through a
merger) or the location of its chief executive office or make any other change which, in the case of the foregoing, could cause any UCC financing statement filed in connection with this Agreement or any other Transaction Document to become
“seriously misleading” under the UCC or change its jurisdiction of organization, unless at least thirty (30) days prior to the effective date of any such change the Servicer delivers to the Issuer and the Indenture Trustee such
documents, instruments or agreements, executed by the Servicer as are necessary to reflect such change and to continue the perfection of the Issuer’s and the Indenture Trustee’s ownership interests or security interests in the Collateral.
The Servicer will not become or seek to become organized under the laws of more than one jurisdiction. 
 SECTION 6.4 Indemnities by the
Servicer Without limiting any other rights which the Indenture Trustee, the Issuer, the Owner Trustee, the Back-Up Servicer and the Custodian or any of their respective officers, directors, employees or agents (each, for purposes of this
Section 6.4, the “Indemnified Parties”) may have hereunder, under the Indenture or under Applicable Law, the Servicer hereby agrees to indemnify (without recourse, except as otherwise specifically provided in this Agreement)
the Indemnified Parties from and against any and all damages, losses, claims, liabilities, costs and expenses, including reasonable attorneys’ fees and disbursements (collectively being referred to as “Indemnities”) arising out
of or resulting from (whether directly or indirectly) (a) the failure of any information contained in any Servicer Report (to the extent provided by the Servicer) to be true and correct, or the failure of any other information provided to any
Indemnified Party by, or on behalf of, the Servicer to be true and correct, (b) the failure of any representation, warranty or statement made or deemed made by the Servicer (or any of its officers) under or in connection with this Agreement to
have been true and correct as of the date made or deemed made, (c) the failure by the Servicer to comply with any Applicable Law with respect to any Pool Receivable, (d) any failure of the Servicer to perform

  
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its duties or obligations in accordance with the provisions hereof whether or not resulting in a Servicer Default hereunder and (e) the failure by the Servicer to accept or perform the
trusts and duties set forth herein and in the Transaction Documents; excluding, however, (a) Indemnities resulting from gross negligence or willful misconduct on the part of such Indemnified Party and (b) Indemnities to the extent solely
due to non-payment by any Obligor of an amount due and payable with respect to a Pool Receivable for credit reasons. 
 Indemnification
under this Section 6.4 shall survive the resignation or removal of the Owner Trustee, the Indenture Trustee, the Back-Up Servicer or the Custodian and the termination of this Agreement, the Indenture, the Custodian Agreement or the Trust
Agreement, as applicable, and shall include reasonable fees and expenses of counsel and other expenses of litigation. If the Servicer shall have made any indemnity payments pursuant to this Section 6.4 and the Person to or on behalf of whom
such payments are made thereafter shall collect any of such amounts from others, such Person shall promptly repay such amounts to the Servicer, without interest. 

SECTION 6.5 Breach of Representations; Non-Permitted Extension. If as of the end of any calendar month: (a) any Scheduled Payment
of a Pool Receivable is reduced or such Pool Receivable is canceled, (b) any of the representations or warranties set forth in Article VI was or becomes untrue in any material respect with respect to a Pool Receivable, (c) any Pool
Receivable has been amended, modified, adjusted or extended other than pursuant to a Permitted Servicer Adjustment or (d) the Servicer is in breach of any other covenant set forth in this Article VI and such breach materially and adversely
affects the interest of the Issuer or the Noteholders in the related Pool Receivable, the Servicer shall pay to the Indenture Trustee on behalf of the Issuer by no later than the next Payment Date in immediately available funds an amount equal to
the Repurchase Price of such Pool Receivable and such amount shall be promptly deposited into the Collection Account and applied by the Indenture Trustee as a Collection in accordance with Section 4.5(a) of the Indenture. 

SECTION 6.6 Merger or Consolidation of, or Assumption of the Obligations of, Servicer The Servicer shall not consolidate with or merge
into any other Person or convey or transfer its properties and assets substantially as an entirety to any Person unless: 
 (a) (i) the
Person formed by such consolidation or into which the Servicer is merged or the Person which acquires by conveyance or transfer the properties and assets of the Servicer substantially as an entirety shall be, if the Servicer is not the surviving
entity, a corporation, limited partnership or limited liability company organized and existing under the laws of the United States of America or any State or the District of Columbia, and such entity shall have expressly assumed, by an agreement
supplemental hereto, executed and delivered to the Indenture Trustee, in form reasonably satisfactory to the Indenture Trustee, the performance of every covenant and obligation of the Servicer hereunder for which such Person shall act as Servicer;
(ii) the surviving entity of such merger or conveyance or transfer of property and assets is a consolidated subsidiary of CCG; and (iii) the Servicer shall have delivered to the Indenture Trustee an Officer’s Certificate and an
Opinion of Counsel each in form reasonably satisfactory to the Indenture Trustee stating that such consolidation, merger, conveyance or transfer complies with this Section 6.6 and that all conditions precedent herein provided for
relating to such transaction have been complied with; 

  
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 (b) each Rating Agency shall have received prior notice from the Servicer of the proposed
consolidation or merger or conveyance or transfer, as the case may be, and shall not have indicated to the Issuer, the Servicer or the Indenture Trustee, that such action would result in a reduction or withdrawal of the rating of the Notes; and 

(c) the corporation, limited partnership or limited liability company formed by such consolidation or into which the Servicer is merged
or which acquires by conveyance or transfer the properties and assets of the Servicer substantially as an entirety shall have all licenses and approvals of governmental authorities required to service the Pool Receivables for which the Servicer
shall act in such capacity, except to the extent the failure to have any such license does not have, and could not reasonably be expected to have, a Material Adverse Effect. 

SECTION 6.7 The Servicer May Own Notes. The Servicer may become the owner or pledgee of the Notes and may deal with the Depositor, the
Indenture Trustee and the Issuer in banking transactions with the same rights as it would have if it were not Servicer. 
 ARTICLE VII 

SERVICER DEFAULTS 
 SECTION
7.1 Servicer Default The occurrence of any one or more of the following events shall constitute a “Servicer Default”: 

(a) failure to make any payment, transfer or deposit on or before the date occurring three Business Days after the date of such payment,
transfer, deposit, instruction, or notice is required to be made or given hereunder or pursuant to the Indenture and notice thereof has been given to a Responsible Officer of the Servicer in writing; 

(b) an Event of Bankruptcy occurs with respect to the Servicer; 

(c) any representation, warranty or certification made by the Servicer hereunder or in any certificate delivered hereunder shall prove to have
been incorrect when made, has a Material Adverse Effect and continues to be incorrect in any material respect for a period of 30 days after the first to occur of (i) the date on which written notice of such incorrectness shall have been given
to the Servicer by the Indenture Trustee or the Majority Holders or (ii) the date on which the Servicer becomes aware of the incorrectness (provided, that, the Indenture Trustee shall not be obligated to determine materiality for
purposes of this Section 7.1(c)); 
 (d) failure to observe or perform in any material respect any other covenant or agreement of the
Servicer hereunder which materially and adversely affects the rights of the Noteholders and continues unremedied for a period of 30 days after the earlier of (i) the date the Servicer or Issuer receives notification in writing of such failure
from the Indenture Trustee or the Majority Holders or (ii) the Servicer learns of such failure (provided, that, the Indenture Trustee shall not be obligated to determine materiality for purposes of this Section 7.1(d)); and

 (e) the Servicer’s Tangible Net Worth at the end of any calendar quarter is less than $35,000,000. 

  
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 The Servicer will notify the Depositor, the Owner Trustee, the Indenture Trustee, the Back-Up
Servicer and each Rating Agency of any Servicer Default under this Section 7.1, no later than five (5) Business Days after a Responsible Officer of the Servicer obtains actual knowledge of such event. 

SECTION 7.2 Notification to Noteholders. Upon any termination of, or appointment of a successor to, the Servicer or the Back-Up
Servicer, the Indenture Trustee shall give prompt written notice thereof to each Noteholder and to the Depositor (who shall promptly deliver such notice to each Rating Agency). 

SECTION 7.3 Waiver of Servicer Defaults. The Majority Holders, or, if no Notes are Outstanding, the Owner Trustee, at the direction of
the Certificateholder, may waive any Servicer Default and its consequences, except an event resulting from the failure to make any required deposits to or payments from any of the Bank Accounts in accordance with this Agreement that resulted in an
Event of Default in the payment of principal or interest on the Notes (other than an Event of Default relating to failure to pay principal due only by reason of acceleration) under the Indenture. Upon any such waiver of a Servicer Default, such
Servicer Default will cease to exist and will be deemed to have been remedied for every purpose under this Agreement. No such waiver will extend to any subsequent or other event or impair any right resulting from such waiver. The Issuer will
promptly notify each Rating Agency of any such waiver. 
 SECTION 7.4 Effect of a Servicer Default. 

(a) Upon the occurrence of a Servicer Default, the Indenture Trustee may, and upon the written direction of the Majority Holders shall,
designate as Servicer the Back-Up Servicer or any other Person that is an established financial institution having a Tangible Net Worth of at least $50,000,000 and the regular business of which includes the servicing of receivables similar to the
Pool Receivables to succeed CCG or any successor (the “Successor Servicer”), on the condition in each case that any such Person so designated shall agree to perform the duties and obligations of the Servicer pursuant to the terms
hereof, provided, however, that if a Servicer Default occurs as a result of an Event of Bankruptcy with respect to the Servicer, the Back-Up Servicer shall become the Successor Servicer without any action by the Indenture Trustee or
the Noteholders. Upon such agreement by the Successor Servicer, all authority and power of the Servicer under this Agreement shall pass to and be vested in the Successor Servicer and all references in this Agreement to the Servicer shall be deemed
to refer to the Successor Servicer. As compensation, any Successor Servicer (including, without limitation, the Back-Up Servicer) so appointed shall be entitled to receive the Servicing Fee and any reasonable out-of-pocket expenses, together with
any other servicing compensation in the form of assumption fees or otherwise as provided herein, including, without limitation, the reasonable costs (including reasonable attorneys’ fees) of the Successor Servicer incurred in connection with
the transferring of servicing obligations under this Agreement. 
 (b) Upon the designation of a Successor Servicer as set forth above, CCG
agrees that it will terminate its activities as Servicer hereunder in a manner which the Indenture Trustee determines will facilitate the transition of the performance of such activities to the Successor Servicer, and CCG shall cooperate with and
assist such Successor Servicer. Such cooperation 

  
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shall include access to and transfer of records and use by the Successor Servicer of all records, licenses, hardware or software necessary or desirable to collect the Pool Receivables and the
Related Security. 
 (c) The Servicer hereby irrevocably agrees that if at any time it shall cease to be the Servicer hereunder, it shall
act (if the then current Servicer so requests) for a six (6) month period of time following the termination of the Servicer as the data-processing agent of the Servicer and, in such capacity, the Originator shall conduct the data-processing
functions of the administration of the Pool Receivables and the Collections thereon in substantially the same way that the Originator conducted such data-processing functions while it acted as the Servicer at the Originator’s expense. 

(d) Any Successor Servicer hereunder may, to the extent agreed by the Indenture Trustee (at the written direction of the Majority Holders),
use credit and collection policies and procedures other than the Credit and Collection Policy in servicing the Pool Receivables. 
 (e) The
Back-Up Servicer hereby accepts any appointment of it as Successor Servicer that the Indenture Trustee (at the written direction of the Majority Holders) may make from time to time pursuant to Section 7.4 and agrees to assume all duties and
obligations of the Servicer hereunder. Upon the Back-Up Servicer receiving notice that it is required to serve as the Servicer hereunder pursuant to Section 7.4 the Back-Up Servicer will promptly begin the transition to its role as Servicer. If
the Back-Up Servicer has become the Servicer hereunder, it shall not resign as servicer until a Successor Servicer has been appointed and accepted such appointment. Notwithstanding anything contained herein to the contrary, PFSC, as Successor
Servicer, shall have no (i) substitution obligations under Section 3.3, (ii) repurchase rights or obligations under Sections 3.4 and 6.5, (iii) servicer advance rights or obligations under Section 3.6,
(iv) responsibilities for the representations and warranties of any prior servicer, (v) indemnity obligations of any prior servicer, (vi) financial covenant obligations under Section 7.1 and (vii) obligation to bring suits
in its own name in its capacity as Successor Servicer. In addition, PFSC, as Successor Servicer, shall not be responsible for the costs of audits or inspections as a result of a Default or Event of Default under Section 6.2(c) unless PFSC is
reimbursed for such costs pursuant to Sections 4.5(a) or (b) of the Indenture. 
 ARTICLE VIII 

THE BACK-UP SERVICER 

SECTION 8.1 Representations of Back-Up Servicer. The Back-Up Servicer makes the following representations and warranties: 

(a) The Back-Up Servicer has been duly organized and is validly existing as a corporation duly organized and validly existing in good standing
under the laws of the State of Delaware, with power and authority to own its properties and to conduct its business as such properties shall be currently owned and such business is presently conducted. 

(b) The Back-Up Servicer has the power and authority to execute and deliver this Agreement and any other Transaction Document to which it is a
party and to carry out its respective terms, and the execution, delivery, and performance of this Agreement and any other Transaction Document to which it is a party shall have been duly authorized by the Back-Up Servicer by all necessary corporate
action. 

  
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 (c) This Agreement and any other Transaction Document to which it is a party constitutes a legal,
valid, and binding obligation of the Back-Up Servicer enforceable in accordance with its respective terms, except as enforceability may be limited by bankruptcy, insolvency, reorganization, or other similar laws affecting the enforcement of
creditors’ rights in general and by general principles of equity, regardless of whether such enforceability shall be considered in a proceeding in equity or at law. 

(d) The entering into of this Agreement and the other Transaction Documents to which it is a party and the performance by the Back-Up Servicer
of its obligations under such agreements and the consummation of the transactions herein and therein contemplated will not (i) conflict with the organizational documents of the Back-Up Servicer or result in a breach of any of the terms or
provisions of, conflict with or constitute a default under, any agreement, mortgage, deed of trust or other such instrument to which the Back-Up Servicer is a party or by which it is bound; (ii) result in the creation or imposition of any lien,
charge or encumbrance upon any of the property or assets of the Back-Up Servicer pursuant to the terms of any material agreement, mortgage, deed of trust or other agreement or instrument to which it is a party or by which it is bound or to which any
of its property or assets is subject; or (iii) result in any violation of any statute or any order, rule or regulation of any court or any regulatory authority or other governmental agency or body having jurisdiction over it or any of its
properties. 
 (e) There are no proceedings or investigations pending or, to the Back-Up Servicer’s best knowledge, threatened before
any court, regulatory body, administrative agency, or other governmental instrumentality having jurisdiction over the Back-Up Servicer or its properties (i) asserting the invalidity of this Agreement or any of the other Transaction Documents to
which it is a party, (ii) seeking to prevent the consummation of any of the transactions contemplated by this Agreement or any of the other Transaction Documents to which it is a party, or (iii) seeking any determination or ruling that
might materially and adversely affect the performance by the Back-Up Servicer of its obligations under, or the validity or enforceability of, this Agreement or any other Transaction Documents to which it is a party. 

(f) The Back-Up Servicer has and shall preserve its qualification to do business as a foreign corporation in each jurisdiction in which such
qualification is or shall be necessary or desirable to enable it to perform its duties as Back-Up Servicer and Successor Servicer under this Agreement or under any of the other Transaction Documents to which it is a party, except where the failure
to so qualify would not have a Material Adverse Effect. 
 (g) The Back-Up Servicer has operated its business in accordance with all
Applicable Laws and regulations and it is not in violation of any such laws or regulations other than such violations which singly or in the aggregate do not, and, with the passage of time will not, have a material adverse affect on its business or
assets, or its ability to perform its obligations under this Agreement. 
 (h) The Back-Up Servicer shall be provided by the Servicer the
information it reasonably requires to perform its duties set forth in Section 8.4 and the Back-Up Servicer acknowledges that it has the systems in place capable of providing and storing such information. 

  
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 SECTION 8.2 Merger or Consolidation of, or Assumption of the Obligations of, Back-Up
Servicer. Any Person (a) into which the Back-Up Servicer may be merged or consolidated, (b) which may result from any merger or consolidation to which the Back-Up Servicer shall be a party, or (c) which may succeed to the
properties and assets of the Back-Up Servicer substantially as a whole, which Person in any of the foregoing cases executes an agreement of assumption to perform every obligation of the Back-Up Servicer hereunder, shall be the successor to the
Back-Up Servicer under this Agreement without further act on the part of any of the parties to this Agreement. 
 SECTION 8.3 Back-Up
Servicer Resignation and Removal. 
 (a) The Back-Up Servicer shall not resign from its obligations and duties under this Agreement or
any other Transaction Document to which it is a party except (a) as required in Section 8.2, (b) upon determination that the performance of its duties shall no longer be permissible under Applicable Law (any such determination
permitting the resignation of the Back-Up Servicer shall be evidenced by an opinion of Independent counsel to such effect delivered to the Indenture Trustee), or (c) with the prior written consent of the Indenture Trustee (at the written
direction of the Majority Holders), but only if, in any such case, a replacement Back-Up Servicer is found that (i) is experienced in the business of acting as servicer with respect to financial
agreements of the type comprising the Pool Receivables and (ii) will provide back-up servicing and agree to become the Successor Servicer on the same terms as then in effect under this Agreement and the other Transaction Documents. 

(b) The Servicer may, with the prior written consent of the Indenture Trustee (at the written direction of the Majority Holders, which consent
and direction shall not be unreasonably withheld), terminate the Back-Up Servicer for cause; provided, however, that concurrent with such termination, the Servicer shall replace PFSC with a back-up servicer meeting the requirements set
forth in Section 7.4. 
 (c) Upon the Back-Up Servicer’s resignation or termination pursuant to Section 8.2 or this
Section 8.3, notice thereof shall be provided to the Indenture Trustee and each Rating Agency, and the Back-Up Servicer shall comply with the provisions of this Agreement and the other Transaction Documents to which it is a party until the
acceptance of a successor Back-Up Servicer acceptable to the Majority Noteholders. 
 SECTION 8.4 Obligations of Back-Up Servicer.

 (a) The Back-Up Servicer shall serve in a reserve capacity to the Servicer, and shall be willing to assume the duties of the Servicer on
direction from the Indenture Trustee. In its capacity as Back-Up Servicer, the Back-Up Servicer shall perform the following duties: 

(A) on a monthly basis, receive the Servicer’s month-end portfolio file extracted from the Servicers’ servicing
system in a mutually agreed upon format containing information regarding the Pool Receivables sold to the Issuer; 

  
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 (B) on a monthly basis, receive from the Servicer the Servicer Report which
includes information for the Pool Receivables purchased by the Issuer; and 
 (C) on a monthly basis, the Back-Up
Servicer shall load the Servicer’s month-end portfolio file on to the Back-Up Servicer’s data warehouse system. 
 (b) Other than
as specifically set forth elsewhere in this Agreement or in any other Transaction Document, the Back-Up Servicer shall have no obligation to supervise, verify, monitor or administer the performance of the Servicer and shall have no liability for any
action taken or omitted by the Servicer. 
 (c) The Back-Up Servicer shall consult fully with the Servicer as may be necessary from time to
time to perform or carry out the Back-Up Servicer’s obligations hereunder, including the obligation to succeed at any time to the duties and obligations of the Servicer as servicer under Section 7.3. 

SECTION 8.5 Back-Up Servicer Compensation. 

As compensation for the performance of its obligations as Back-Up Servicer under this Agreement and the other Transaction Documents to which
it is a party, the Back-Up Servicer shall be entitled to receive the Back-Up Servicer Fee. 
 SECTION 8.6 Duties and
Responsibilities. 
 (a) The Back-Up Servicer shall perform such duties and only such duties as are specifically set forth in this
Agreement and the other Transaction Documents to which it is a party, and no implied covenants or obligations shall be read into this Agreement against the Back-Up Servicer. 

(b) In the absence of bad faith or negligence on its part, the Back-Up Servicer may conclusively rely as to the truth of the statements and
the correctness of the opinions expressed therein, upon certificates or opinions furnished to the Back-Up Servicer and conforming to the requirements of this Agreement and the other Transaction Documents to which it is a party; but in the case of
any such certificates or opinions, which by any provision hereof are specifically required to be furnished to the Back-Up Servicer, the Back-Up Servicer shall be under a duty to examine the same and to determine whether or not they conform to the
requirements of this Agreement and the other Transaction Documents to which it is a party. Neither the Back-Up Servicer nor any of its officers, employees or agents shall be liable to the Servicer, the Issuer, the Indenture Trustee or the
Noteholders for any action taken or for refraining from the taking of any action in accordance with customary industry standards for servicing leases and loans of the type which comprise the Pool Receivables, or for mistakes or errors in judgment;
provided, however, that (i) this provision shall not protect the Back-Up Servicer from liability to the Servicer, the Issuer, the Indenture Trustee or the Noteholders for any losses, claims, liabilities, or damages incurred by
such party by reason of willful misconduct or gross negligence of the Back-Up Servicer in the performance of its duties and obligations hereunder, and (ii) in the event that the Back-Up Servicer becomes the successor Servicer hereunder, the
Back-Up Servicer’s duties and responsibilities as Servicer will be as set forth elsewhere in this Agreement and it will no longer be subject to the terms of this Section 8.6. Subject to the preceding sentence, in no event will the

  
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Back-Up Servicer be liable to the Servicer, the Issuer, the Indenture Trustee or the Noteholders for any losses, claims, liabilities or damages incurred by such party arising out of or relating
to the acts or omissions of the Back-Up Servicer in reliance in good faith on any document which is prepared or furnished to it by Servicer or by such other party. No damages shall be assessed or charged against the Back-Up Servicer when any delay
or breach on its part is caused by the failure of the Servicer, the Issuer, the Indenture Trustee or the Noteholders to furnish input or information required of such party, the failure of any utility or communications company to furnish services or
for any other reasons beyond the control of the Back-Up Servicer. Under no circumstances in its capacity under any Transaction Document shall PFSC be responsible to any party for reimbursement of any consequential, special or indirect damages, lost
profits, lost investments or business opportunity, interest, damages to reputation, punitive damages, exemplary damages, treble damages, nominal damages or operating losses. 

(c) Notwithstanding anything contained in this Agreement to the contrary, the Back-Up Servicer shall only be required to perform its
obligations in the time and manner set forth in this Agreement if, and to the extent, any information which is required to be delivered to the Back-Up Servicer or any information on which the Back-Up Servicer is authorized to rely on, is delivered
to the Back-Up Servicer in accordance with provisions of this Agreement or is provided to the Back-Up Servicer in a format that is reasonably acceptable to the Back-Up Servicer, as applicable; provided, however, that nothing in this
paragraph shall be construed to relieve the Back-Up Servicer of its obligations under this Agreement if the failure to appropriately deliver or provide any such information to the Back-Up Servicer is remedied or is otherwise reasonably available to
the Back-Up Servicer without undue cost or time. 
 (d) The terms of this Section 8.6 shall survive the termination of the Back-Up
Servicer’s obligations hereunder. 
 ARTICLE IX 

MISCELLANEOUS 
 SECTION 9.1
Term of Agreement. 
 This Agreement shall terminate on the final Payment Date or the date on which the Notes are redeemed pursuant
to Section 3.13 of the Indenture; provided, however, that (a) the rights and remedies of the Issuer or the Indenture Trustee, with respect to any representation and warranty made or deemed to be made by the Servicer pursuant
to this Agreement, and (b) the indemnification provisions of Sections 5.6 and 6.4, shall be continuing and shall survive any termination of this Agreement. 

  
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 SECTION 9.2 Amendments. 

(a) Any term or provision of this Agreement may be amended by the parties hereto, (and with the consent of the Owner Trustee to the extent
that its respective rights or obligations will be materially and adversely affected, which consent may not be unreasonably withheld, delayed or conditioned) without the consent of any Noteholder or any other Person but with written notice to each
Rating Agency subject to the satisfaction of one of the following conditions: 
 (i) (A) the Servicer or the Issuing
Entity delivers an Officer’s Certificate to the Indenture Trustee and the Owner Trustee to the effect that such amendment will not materially and adversely affect the interest of any Noteholder or (B) the Rating Agency Confirmation is
received with respect to such amendment and the Servicer or the Issuing Entity notifies the Indenture Trustee in writing that the Rating Agency Confirmation has been received with respect to such amendment, and 

(ii) the Servicer or the Issuing Entity delivers an Opinion of Counsel to the Indenture Trustee and the Owner Trustee to
the effect that such amendment will not (A) cause any Note to be deemed sold or exchanged for purposes of Section 1001 of the Internal Revenue Code, (B) cause the Issuing Entity to be treated as an association or publicly traded
partnership taxable as a corporation for U.S. federal income tax purposes, or (C) adversely affect the treatment of the Notes as debt for U.S. federal income tax purposes. 

(b) This Agreement may also be amended from time to time by the parties hereto, (and the consent of the Owner Trustee to the extent that its
respective rights or obligations will be materially and adversely affected, which consent may not be unreasonably withheld, delayed or conditioned) with the consent of the Majority Holders and with written notice to each Rating Agency, for the
purpose of adding any provisions to or changing in any manner or eliminating any of the provisions of this Agreement or of modifying in any manner the rights of the Noteholders; provided, that no such amendment shall (i) reduce the interest
rate or principal amount of any Note or change or delay the Maturity Date of any Note without the consent of the Holder of such Note or (ii) reduce the percentage of the aggregate outstanding principal balance of the Outstanding Notes, the
consent of which is required to consent to any matter without the consent of the Noteholders of at least the percentage of the Note Balance which was required to consent to such matter before giving effect to such amendment. 

(c) Promptly upon the execution of any amendment in accordance with this Section 9.2, the Issuer will send a copy of such amendment to
the Indenture Trustee and each Rating Agency, and the Indenture Trustee will notify each Noteholder of the substance of such amendment. 

(d) If the consent of the Owner Trustee or the Noteholders is required, they do not need to approve the particular form of any proposed
amendment so long as their consent approves the substance of the proposed amendment. 
 (e) Before executing any amendment to this
Agreement, the Owner Trustee and the Indenture Trustee will be entitled to request, receive and rely upon an Opinion of Counsel delivered by the Depositor stating that the execution of such amendment is authorized or permitted by this Agreement.

 SECTION 9.3 Notices; Payment Information. 

Except as provided below, all communications and notices provided for hereunder shall be in writing (including facsimile or electronic
transmission or similar writing) and shall be given to the other party at its address or facsimile number set forth in Schedule 4 or at such other 

  
 40 

 
address or facsimile number as such party may hereafter specify for the purposes of notice to such party. Each such notice or other communication shall be effective (a) if given by
facsimile, when such facsimile is transmitted to the facsimile number specified in Schedule 4 and confirmation is received, (b) if given by mail, three (3) Business Days following such posting, if postage prepaid, and if sent via U.S.
certified or registered mail, (c) if given by overnight courier, one (1) Business Day after deposit thereof with a national overnight courier service, or (iv) if given by any other means, when received at the address specified in
Schedule 4. 
 SECTION 9.4 Governing Law; Submission to Jurisdiction; Appointment of Service Agent. 

(a) THIS AGREEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK (WITHOUT REFERENCE TO THE
CONFLICTS OF LAW PRINCIPLES THEREOF OTHER THAN SECTIONS 5-1401 AND 5-1402 OF THE NEW YORK GENERAL OBLIGATIONS LAW). 
 (b) EACH OF THE
ISSUER, THE DEPOSITOR, THE BACK-UP SERVICER AND THE SERVICER HEREBY SUBMITS TO THE NONEXCLUSIVE JURISDICTION OF THE UNITED STATES DISTRICT COURT FOR THE SOUTHERN DISTRICT OF NEW YORK AND OF ANY NEW YORK STATE COURT SITTING IN THE CITY OF NEW YORK
FOR PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS AGREEMENT, ANY OTHER TRANSACTION DOCUMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY. EACH OF THE ISSUER, THE DEPOSITOR AND THE BACK-UP SERVICER AND THE SERVICER HEREBY
IRREVOCABLY WAIVES, TO THE FULLEST EXTENT IT MAY EFFECTIVELY DO SO, ANY OBJECTION WHICH IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF THE VENUE OF ANY SUCH PROCEEDING BROUGHT IN SUCH A COURT AND ANY CLAIM THAT ANY SUCH PROCEEDING BROUGHT IN SUCH A
COURT HAS BEEN BROUGHT IN AN INCONVENIENT FORUM. NOTHING IN THIS SECTION 9.4 SHALL AFFECT THE RIGHT OF THE NOTEHOLDERS TO BRING ANY ACTION OR PROCEEDING AGAINST ANY OF THE ISSUER, THE DEPOSITOR, THE BACK-UP SERVICER OR THE SERVICER OR ANY OF THEIR
RESPECTIVE PROPERTY IN THE COURTS OF OTHER JURISDICTIONS. 
 (c) EACH OF THE PARTIES HERETO HEREBY WAIVES ANY RIGHT TO HAVE A JURY
PARTICIPATE IN RESOLVING ANY DISPUTE, WHETHER SOUNDING IN CONTRACT, TORT OR OTHERWISE, AMONG ANY OF THEM ARISING OUT OF, CONNECTED WITH, RELATING TO OR INCIDENTAL TO THE RELATIONSHIP BETWEEN THEM IN CONNECTION WITH THIS AGREEMENT OR THE OTHER
TRANSACTION DOCUMENTS. 
 SECTION 9.5 Integration. This Agreement contains the final and complete integration of all prior
expressions by the parties hereto with respect to the subject matter hereof and shall constitute the entire Agreement among the parties hereto with respect to the subject matter hereof superseding all prior oral or written understandings. 

  
 41 

 SECTION 9.6 Severability of Provisions. If any one or more of the provisions of this
Agreement shall for any reason whatsoever be held invalid, then such provisions shall be deemed severable from the remaining provisions of this Agreement and shall in no way affect the validity or enforceability of such other provisions. 

SECTION 9.7 Counterparts; Facsimile Delivery. This Agreement may be executed in any number of counterparts and by different parties
hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which when taken together shall constitute one and the same Agreement. Delivery by facsimile or other electronic transmission (i.e.,
“pdf” or “tif”) of an executed signature page of this Agreement shall be effective as delivery of an executed counterpart hereof. 

SECTION 9.8 Successors and Assigns; Binding Effect. 

(a) This Agreement shall be binding on the parties hereto and their respective successors and assigns; provided, however, that
neither the Issuer nor the Servicer may assign any of its rights or delegate any of its duties hereunder or under any of the other Transaction Documents to which it is a party without the prior written consent of the Indenture Trustee. Except as
provided in clauses (b), (e), or (h) below, no provision of this Agreement shall in any manner restrict the ability of any Noteholder to assign, participate, grant security interests in, or otherwise transfer its interest in the Notes.

 SECTION 9.9 Nonpetition Covenants. 

(a) Notwithstanding any prior termination of this Agreement, none of the Servicer, the Originator, the Indenture Trustee, the Back-up Servicer
or the Depositor shall, prior to the date which is two years and one day after the payment in full of all obligations of the Issuer in respect of all securities issued by the Issuer, acquiesce, petition or otherwise invoke or cause the Issuer to
invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Issuer under any federal or state bankruptcy, insolvency or similar law or appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator or other similar official of the Issuer or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Issuer. 

(b) Notwithstanding any prior termination of this Agreement, none of the Servicer, the Originator, the Indenture Trustee or the Back-up
Servicer shall, prior to the date that is one year and one day after the payment in full of all obligations of the Depositor in respect of all securities issued by the Depositor, acquiesce to, petition or otherwise invoke or cause the Depositor to
invoke the process of any court or government authority for the purpose of commencing or sustaining a case against the Depositor under any federal or state bankruptcy, insolvency or similar law, appointing a receiver, liquidator, assignee, trustee,
custodian, sequestrator, or other similar official of the Depositor or any substantial part of its property, or ordering the winding up or liquidation of the affairs of the Depositor. 

SECTION 9.10 Limitation of Liability of Owner Trustee and Indenture Trustee. 

(a) It is expressly understood and agreed by the parties hereto that (a) this Agreement is executed and delivered by Wilmington
Trust, National Association, not individually or 

  
 42 

 
personally, but solely as Owner Trustee of the Issuer under the Trust Agreement, in the exercise of the powers and authority conferred and vested in it, (b) each of the representations,
undertakings and agreements herein made on the part of the Issuer is made and intended not as a personal representation, undertaking and agreement by Wilmington Trust, National Association but is made and intended for the purpose of binding only the
Issuer, (c) nothing herein contained shall be construed as creating any liability on Wilmington Trust, National Association, individually or personally, to perform any covenant either expressed or implied contained herein, all such liability,
if any, being expressly waived by the parties hereto and by any Person claiming by, through or under the parties hereto and (d) under no circumstances shall Wilmington Trust, National Association be personally liable for the payment of any
indebtedness or expenses of the Issuer or be liable for the breach or failure of any obligation, representation, warranty or covenant made or undertaken by the Issuer under this Agreement or the other Transaction Documents. 

(b) Notwithstanding anything contained herein to the contrary, this Agreement has been executed and delivered by U.S. Bank National
Association, not in its individual capacity but solely as Indenture Trustee and in no event shall U.S. Bank National Association have any liability for the representations, warranties, covenants, agreements or other obligations of the Issuer
hereunder or in any of the certificates, notices or agreements delivered pursuant hereto, as to all of which recourse shall be had solely to the assets of the Issuer. 

(c) In no event shall U.S. Bank National Association, in any of its capacities hereunder, be deemed to have assumed any duties of the Owner
Trustee under the Delaware Statutory Trust Statute, common law, or the Trust Agreement. 
 [SIGNATURES FOLLOW]

  
 43 

 IN WITNESS WHEREOF, the
parties hereto have executed and delivered this Agreement as of the date first written above. 
  

					
	 CCG RECEIVABLES IV, LLC,
 as
Depositor

		
	By: 		/s/ Roger Gebhart
		 	  

			Name:		Roger Gebhart
			Title:		Chief Financial Officer and Treasurer
	
	 CCG RECEIVABLES TRUST 2013-1,

as Issuer

		
	By:		WILMINGTON TRUST, NATIONAL ASSOCIATION,
			not in its individual capacity, but solely as Owner Trustee of CCG RECEIVABLES TRUST 2013-1
		
	By: 		/s/ Jennifer A. Luce
		 	  

			Name:		Jennifer A. Luce
			Title:		Vice President
	
	 COMMERCIAL CREDIT GROUP INC.,

as Servicer and as Originator

		
	By: 		/s/ Roger Gebhart
		 	  

			Name:		Roger Gebhart
			Title:		Senior Vice President and Chief Financial Officer

  
 [Signature Page to
Sale and Servicing Agreement] 

 
					
	 PORTFOLIO FINANCIAL SERVICING COMPANY,

as Back-Up Servicer

		
	By: 		/s/ John Enyart
		 	  

			Name:		John Enyart
			Title:		President
	
	 U.S. BANK NATIONAL ASSOCIATION,

not in its individual capacity, but solely as Indenture Trustee

		
	By: 		/s/ Toby Robillard
		 	  

			Name:		Toby Robillard
			Title:		Vice President

  
 [Signature Page to
Sale and Servicing Agreement] 

 SCHEDULE 1 

Schedule of Pool Receivables 

 Schedule 1 

Schedule of Released Collateral 
  

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	559	 	101051101	 	1560	 	108291201	 	1346	 	202281101
	1247	 	101131101	 	1140	 	108301001	 	1350	 	202281105
	1247	 	101261101	 	1307	 	108301203	 	76	 	202291203
	1279	 	101271103	 	1186	 	108311002	 	1189	 	203111101
	1316	 	101311101	 	1190	 	109021001	 	693	 	203181102
	722	 	102011101	 	1886	 	109061201	 	1240	 	203221102
	1339	 	102221101	 	1895	 	109131201	 	369	 	203231101
	39	 	102251104	 	1202	 	109211001	 	986	 	203261001
	1268	 	102281103	 	1512	 	109211201	 	1845	 	203291002
	1349	 	102281105	 	1914	 	109261201	 	1376	 	203311100
	1360	 	103171101	 	1868	 	109281203	 	415	 	203311103
	1361	 	103211101	 	1869	 	109281204	 	1085	 	203311105
	1180	 	103211102	 	470	 	109291001	 	1124	 	203311106
	1365	 	103241101	 	1119	 	110071001	 	89	 	203311107
	1370	 	103301102	 	1179	 	110141001	 	807	 	204011101
	40	 	104181201	 	470	 	110191001	 	1080	 	204121001
	1397	 	104281102	 	470	 	110251001	 	570	 	204171202
	1761	 	105031201	 	1237	 	110291003	 	347	 	204191101
	1710	 	105231201	 	282	 	110311102	 	1386	 	204271101
	363	 	105241101	 	1241	 	111021001	 	445	 	204291102
	14	 	105291201	 	1244	 	111041001	 	880	 	205031001
	1549	 	105311201	 	103	 	111091101	 	1395	 	205241202
	18	 	105311202	 	1479	 	111141102	 	1107	 	205281006
	1790	 	105311203	 	1249	 	111151001	 	1533	 	205291201
	1	 	105311205	 	1257	 	111181001	 	1303	 	205301201
	2	 	105311206	 	142	 	111221001	 	646	 	205311202
	1503	 	105311207	 	1263	 	111291001	 	1791	 	205311206
	1798	 	106081202	 	930	 	112161001	 	1643	 	206071202
	1257	 	106151201	 	1285	 	112171001	 	1784	 	206181201
	1754	 	106211201	 	1288	 	112201001	 	967	 	206281203
	470	 	106211202	 	589	 	112211001	 	1775	 	206281207
	1817	 	106271201	 	1290	 	112311001	 	1126	 	207211001
	1820	 	106281201	 	1044	 	201061001	 	986	 	207271002
	1821	 	106291204	 	1317	 	201141101	 	1587	 	207301202
	1475	 	107151102	 	986	 	201241101	 	1852	 	207311205
	1481	 	107181201	 	896	 	201281101	 	521	 	208081205
	1578	 	107271201	 	719	 	201311101	 	1849	 	208131202
	1458	 	107271203	 	1333	 	202151101	 	1492	 	208131203
	1826	 	107301202	 	1332	 	202151102	 	1376	 	208161203
	722	 	108021001	 	1335	 	202161102	 	1525	 	208201201
	1140	 	108151201	 	1337	 	202181101	 	1199	 	208231201
	722	 	108181001	 	1340	 	202221101	 	1599	 	208241202
	1397	 	108201201	 	1341	 	202241101	 	896	 	208241203
	1738	 	108201202	 	1327	 	202241102	 	1682	 	208301201
	699	 	108251002	 	1028	 	202251002	 	1930	 	209041202

  
 Sch. 1-1 

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	392	 	209101201	 	700	 	303081101	 	1570	 	306131205
	1403	 	209141202	 	1145	 	303211101	 	827	 	306211201
	1831	 	209141204	 	386	 	303211102	 	1009	 	306211202
	1047	 	209181201	 	1364	 	303241101	 	1671	 	306211203
	1299	 	209201202	 	1369	 	303281104	 	1813	 	306251202
	1818	 	209201203	 	1071	 	303291103	 	1536	 	306251206
	1346	 	209241203	 	960	 	303301101	 	1815	 	306251207
	1721	 	209261201	 	1278	 	303301204	 	760	 	306281201
	1923	 	209271201	 	1469	 	303301206	 	1819	 	306281202
	1485	 	209281201	 	1278	 	303301207	 	355	 	306291102
	392	 	209281203	 	473	 	303311101	 	1156	 	306291202
	1931	 	209281204	 	1375	 	303311103	 	1822	 	306291203
	1757	 	209281205	 	564	 	304051201	 	167	 	306291205
	76	 	210031101	 	350	 	304071002	 	1746	 	307051202
	1218	 	210081001	 	1383	 	304091201	 	700	 	307171201
	1219	 	210121002	 	1278	 	304101204	 	379	 	307181102
	1208	 	210121003	 	1278	 	304101205	 	736	 	307191201
	1196	 	210131002	 	1009	 	304131101	 	995	 	307201001
	807	 	210311104	 	1741	 	304161203	 	1638	 	307231201
	1243	 	211081001	 	65	 	304201101	 	1838	 	307231202
	845	 	211171001	 	1391	 	304211105	 	1581	 	307251201
	1255	 	211181001	 	927	 	304211106	 	1582	 	307251202
	667	 	211191001	 	1092	 	304231007	 	795	 	307291102
	1031	 	211291001	 	1713	 	304241201	 	1847	 	307301203
	860	 	211291104	 	1746	 	304241203	 	1848	 	307301207
	1270	 	211301003	 	951	 	304281102	 	173	 	307311203
	1269	 	211301004	 	899	 	304301001	 	1001	 	307311204
	1281	 	212131002	 	723	 	305141002	 	1617	 	307311206
	1038	 	212280901	 	1668	 	305161201	 	1162	 	308051002
	13	 	212281001	 	1641	 	305171203	 	1856	 	308071201
	807	 	212291001	 	700	 	305211202	 	1813	 	308141201
	1301	 	212311002	 	717	 	305241001	 	1850	 	308201201
	1300	 	212311003	 	717	 	305241002	 	1320	 	308271203
	1303	 	212311007	 	1364	 	305241103	 	760	 	308301203
	1302	 	212311008	 	700	 	305241201	 	993	 	308311203
	1297	 	212311009	 	1781	 	305241202	 	1884	 	308311206
	1322	 	301281101	 	1388	 	305261104	 	700	 	309121201
	350	 	301281102	 	1265	 	305291201	 	907	 	309121202
	1118	 	301281105	 	1713	 	305301201	 	935	 	309121203
	1328	 	302071101	 	1786	 	305311204	 	1894	 	309131202
	1278	 	302101101	 	1785	 	305311206	 	1904	 	309181207
	1571	 	302141201	 	1796	 	306051201	 	1920	 	309261203
	1571	 	302141202	 	1425	 	306071201	 	1928	 	309281206
	1214	 	302181101	 	1543	 	306081201	 	1925	 	309281208
	1145	 	302251102	 	1312	 	306111201	 	1162	 	309301103
	1347	 	302281101	 	1570	 	306131201	 	1222	 	310131001
	1348	 	302281102	 	1570	 	306131202	 	1228	 	310151002
	717	 	302281203	 	1570	 	306131203	 	960	 	310181001
	1082	 	302291204	 	1570	 	306131204	 	1229	 	310181002

  
 Sch. 1-2 

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1148	 	310211102	 	1507	 	1C02141302	 	2001	 	1T12111201
	260	 	310291001	 	2077	 	1C03011301	 	1974	 	1T12131202
	1176	 	311021001	 	1110	 	1C10111201	 	1949	 	1T12141201
	795	 	311081001	 	647	 	1C10241201	 	2023	 	1T12271201
	1145	 	311081002	 	1959	 	1C10251201	 	2024	 	1T12281201
	1251	 	311111002	 	1857	 	1C10291201	 	1623	 	1T12311201
	637	 	311161005	 	18	 	1C10311201	 	2037	 	1T12311203
	736	 	311181001	 	1964	 	1C10311202	 	1787	 	1T12311204
	1256	 	311191005	 	1726	 	1C11261201	 	2040	 	2W01021301
	744	 	311211102	 	1985	 	1C11271202	 	2047	 	2W01161301
	684	 	311211103	 	1415	 	1C11301201	 	1682	 	2W01241301
	260	 	311221002	 	1993	 	1C11301202	 	2066	 	2W01281303
	1264	 	311291004	 	1994	 	1C11301204	 	2066	 	2W01281304
	1125	 	311291005	 	1995	 	1C12041201	 	663	 	2W01311304
	1570	 	311291106	 	259	 	1C12191201	 	267	 	2W02011301
	1570	 	311291107	 	669	 	1C12201201	 	2076	 	2W02111301
	1153	 	311301005	 	1307	 	1C12201203	 	1031	 	2W02251305
	1273	 	312071001	 	1584	 	1C12211202	 	1533	 	2W02281301
	260	 	312091001	 	1993	 	1C12261201	 	2112	 	2W02281304
	1278	 	312101001	 	2028	 	1C12261202	 	860	 	2W03181301
	962	 	312301001	 	1642	 	1C12271201	 	1199	 	2W10031201
	1296	 	312301002	 	2022	 	1C12271202	 	1736	 	2W10041201
	1197	 	401311101	 	1288	 	1C12281201	 	1367	 	2W10101203
	1331	 	402111101	 	1767	 	1C12281202	 	1897	 	2W10121202
	1353	 	403071101	 	1718	 	1C12311201	 	1367	 	2W10171201
	1248	 	403071102	 	1246	 	1T01091301	 	896	 	2W10181201
	1357	 	403091101	 	2044	 	1T01111301	 	1343	 	2W10191202
	1727	 	404051201	 	1257	 	1T01151301	 	1955	 	2W10191204
	1661	 	404271201	 	1861	 	1T01221302	 	1493	 	2W10241201
	1661	 	404271202	 	2023	 	1T01221303	 	1448	 	2W10241202
	1116	 	406171001	 	1246	 	1T01241301	 	915	 	2W11091201
	1812	 	406211201	 	2056	 	1T01291301	 	1723	 	2W11151201
	1816	 	407111202	 	2072	 	1T02041301	 	1189	 	2W11151203
	1677	 	408271201	 	1988	 	1T02151301	 	1456	 	2W11211201
	1835	 	409051201	 	1583	 	1T02191301	 	1063	 	2W11281201
	1776	 	409191202	 	2010	 	1T03051301	 	1987	 	2W11291202
	1917	 	409241201	 	2117	 	1T03061301	 	1992	 	2W11301202
	1889	 	409271202	 	2010	 	1T03291302	 	1851	 	2W12031201
	1545	 	409271203	 	1936	 	1T10041201	 	1395	 	2W12051201
	1406	 	409281201	 	14	 	1T10091201	 	1799	 	2W12051203
	1139	 	411121001	 	1869	 	1T10161201	 	1616	 	2W12071201
	1266	 	411301001	 	1645	 	1T10291201	 	1984	 	2W12111201
	1286	 	412171002	 	1974	 	1T11161203	 	349	 	2W12141203
	1293	 	412291001	 	1978	 	1T11161204	 	883	 	2W12171201
	669	 	1C01091301	 	1980	 	1T11191201	 	2009	 	2W12181201
	2043	 	1C01141301	 	1826	 	1T11191202	 	1538	 	2W12181202
	2049	 	1C01221301	 	1607	 	1T11211201	 	1940	 	2W12191201
	2070	 	1C01311301	 	1986	 	1T11281201	 	2015	 	2W12211201
	2071	 	1C01311303	 	1988	 	1T11301201	 	1955	 	2W12211202

  
 Sch. 1-3 

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	2017	 	2W12241201	 	1938	 	3T10091201	 	1972	 	4C11081201
	2031	 	2W12271201	 	1543	 	3T10091202	 	1677	 	4C11091201
	267	 	2W12281204	 	1832	 	3T10091203	 	1968	 	4C11121201
	2032	 	2W12281206	 	1320	 	3T10111201	 	1976	 	4C11161201
	158	 	2W12311201	 	1740	 	3T10181201	 	1982	 	4C11211201
	2036	 	2W12311202	 	1953	 	3T10191203	 	1674	 	4C11291201
	1735	 	2W12311203	 	1057	 	3T10231201	 	1674	 	4C11291202
	51	 	2W12311204	 	1841	 	3T10231202	 	1795	 	4C11291204
	2050	 	3C01241302	 	1807	 	3T10251201	 	1968	 	4C11301202
	1667	 	3C01281301	 	1629	 	3T10291201	 	1997	 	4C12061201
	2120	 	3C03081302	 	1967	 	3T11071201	 	2013	 	4C12191201
	1934	 	3C10041202	 	1969	 	3T11131202	 	1669	 	4C12281201
	1942	 	3C10101201	 	1970	 	3T11131203	 	1330	 	4C12281203
	1945	 	3C10151201	 	1970	 	3T11191201	 	2030	 	4C12281204
	1966	 	3C11071201	 	1875	 	3T11211201	 	2039	 	4C12311203
	1973	 	3C11141201	 	1979	 	3T11261201	 	2038	 	4C12311205
	882	 	3C11281202	 	2002	 	3T12111201	 	894	 	5C01311301
	1991	 	3C11301201	 	2003	 	3T12121201	 	1943	 	5C11151201
	1990	 	3C11301203	 	2005	 	3T12131201	 	1989	 	5T12041202
	1999	 	3C12101201	 	2004	 	3T12131202	 	1307	 	102251101
	2006	 	3C12171201	 	2008	 	3T12171201	 	1150	 	103301101
	2007	 	3C12171202	 	2011	 	3T12191201	 	1025	 	104051001
	626	 	3C12191201	 	958	 	3T12191202	 	1130	 	104261203
	2020	 	3C12281201	 	2014	 	3T12201201	 	1401	 	104281105
	886	 	3T01021301	 	1813	 	3T12201202	 	647	 	105211201
	2042	 	3T01091301	 	742	 	3T12201203	 	1247	 	105241202
	1839	 	3T01111301	 	2016	 	3T12211201	 	282	 	106091101
	1939	 	3T01141301	 	1777	 	3T12241201	 	941	 	106111001
	1008	 	3T01161301	 	1321	 	3T12241202	 	1458	 	106291101
	2046	 	3T01181301	 	1320	 	3T12241203	 	1825	 	106291206
	1216	 	3T01241301	 	2018	 	3T12261201	 	191	 	106301103
	2052	 	3T01251302	 	1571	 	3T12261202	 	1475	 	107151101
	2053	 	3T01281301	 	1866	 	3T12271201	 	1477	 	107181101
	1617	 	3T01281302	 	2026	 	3T12281202	 	1479	 	107191101
	2034	 	3T01301301	 	2027	 	3T12281203	 	1481	 	107191102
	2068	 	3T01311302	 	2025	 	3T12281205	 	1419	 	107201101
	182	 	3T02011303	 	2033	 	3T12311201	 	1483	 	107211101
	2094	 	3T02251302	 	2034	 	3T12311203	 	1488	 	107271101
	2092	 	3T02251303	 	2035	 	3T12311204	 	1840	 	107311203
	1832	 	3T02271305	 	2054	 	4C01281302	 	1853	 	108011201
	2108	 	3T02281301	 	2057	 	4C01291301	 	375	 	108161001
	1866	 	3T02281306	 	1561	 	4C01311301	 	1869	 	108211202
	1875	 	3T03131301	 	2048	 	4C01311302	 	101	 	108251101
	1875	 	3T03131302	 	2054	 	4C02151301	 	1181	 	108261003
	2156	 	3T03281301	 	2114	 	4C02281303	 	1179	 	108261005
	2111	 	3T03281302	 	1889	 	4C10101201	 	1520	 	108261102
	1866	 	3T10031201	 	1950	 	4C10101202	 	1140	 	108271201
	1937	 	3T10051201	 	1834	 	4C10171201	 	1257	 	109181201
	1672	 	3T10051204	 	1960	 	4C10301201	 	1318	 	109211101

  
 Sch. 1-4 

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1546	 	109231102	 	698	 	206291202	 	1491	 	212201102
	18	 	109271201	 	1386	 	207051101	 	1061	 	212221103
	103	 	109281201	 	1031	 	207071102	 	1640	 	212231101
	470	 	110191104	 	1829	 	207101201	 	1643	 	212281101
	1230	 	110211001	 	1831	 	207101202	 	1648	 	212291101
	792	 	110281101	 	1791	 	207101203	 	1650	 	212291103
	14	 	110311103	 	1830	 	207111202	 	1655	 	212301102
	1246	 	111101002	 	1474	 	207141101	 	1029	 	212310902
	722	 	111231101	 	76	 	207191102	 	1299	 	212311005
	1614	 	111231104	 	1837	 	207201201	 	888	 	301201001
	1517	 	111291102	 	1784	 	207201202	 	1050	 	301251002
	168	 	111301002	 	1189	 	207231101	 	888	 	302161002
	1503	 	112051101	 	1491	 	207261102	 	1056	 	302161003
	1621	 	112071101	 	896	 	207271102	 	684	 	303211203
	1622	 	112131101	 	896	 	207271103	 	1071	 	303261003
	1633	 	112161102	 	1844	 	207271202	 	907	 	303301106
	422	 	112191101	 	1492	 	207281102	 	1278	 	303301201
	1257	 	112201101	 	1471	 	207281104	 	736	 	304061002
	669	 	112231101	 	1496	 	207291101	 	1765	 	304171201
	1633	 	112291101	 	716	 	207311202	 	1741	 	304251202
	994	 	202171001	 	1851	 	207311204	 	1752	 	304261201
	1066	 	203221002	 	521	 	208081204	 	1753	 	304261202
	1736	 	203301206	 	1723	 	208131201	 	1278	 	304271203
	598	 	204271002	 	76	 	208161101	 	1278	 	304271204
	1757	 	204271202	 	1873	 	208231202	 	1094	 	304301004
	1035	 	204301202	 	97	 	208241101	 	980	 	305101101
	967	 	205151202	 	1849	 	208241201	 	995	 	305101102
	1028	 	205171001	 	87	 	208311001	 	1740	 	305111202
	1101	 	205201003	 	369	 	209041203	 	1746	 	305111203
	218	 	205211202	 	1195	 	209141001	 	1617	 	305171201
	1108	 	205281008	 	1533	 	209141201	 	1779	 	305231201
	1108	 	205281009	 	1206	 	209221001	 	1102	 	305241003
	274	 	205311105	 	1346	 	209241204	 	1364	 	305241102
	1379	 	206061201	 	1376	 	209271203	 	202	 	305261001
	878	 	206101102	 	7	 	210291003	 	1388	 	305271104
	1799	 	206111201	 	1591	 	210311101	 	1437	 	306131102
	1442	 	206151102	 	807	 	210311103	 	1348	 	306151101
	1805	 	206151201	 	1240	 	211011001	 	1440	 	306151103
	499	 	206191201	 	1189	 	211021101	 	1388	 	306161101
	1346	 	206201101	 	1340	 	211041101	 	1445	 	306171102
	1811	 	206201201	 	1525	 	211091102	 	960	 	306211102
	1350	 	206211201	 	13	 	211151101	 	795	 	306221101
	1448	 	206221101	 	1261	 	211241002	 	1022	 	306231002
	1124	 	206241102	 	445	 	211241004	 	1451	 	306231101
	1682	 	206261201	 	1616	 	212011101	 	795	 	306251003
	1587	 	206271202	 	1626	 	212141101	 	1298	 	306281101
	1011	 	206281201	 	1630	 	212151101	 	355	 	306291101
	1341	 	206291102	 	1631	 	212151102	 	1363	 	306291105
	524	 	206291201	 	1635	 	212191101	 	1823	 	306291204

  
 Sch. 1-5 

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	564	 	306301004	 	1558	 	311041102	 	1371	 	1C12201202
	1373	 	306301101	 	700	 	311101101	 	1869	 	1T01041301
	1464	 	306301108	 	1597	 	311101102	 	2045	 	1T01111303
	795	 	307011101	 	1536	 	311101104	 	1808	 	1T01221301
	1162	 	307051101	 	744	 	311211101	 	2023	 	1T01221304
	1746	 	307051201	 	1601	 	311211104	 	1458	 	1T01251301
	736	 	307071101	 	1603	 	311221102	 	2062	 	1T01291302
	1796	 	307111202	 	1543	 	311281107	 	2067	 	1T01311301
	459	 	307121001	 	1264	 	311291003	 	1575	 	1T02011301
	379	 	307181101	 	1265	 	311301004	 	1607	 	1T02061301
	684	 	307181103	 	1554	 	311301104	 	1808	 	1T02071301
	1437	 	307211101	 	1500	 	312011102	 	2023	 	1T02081301
	1162	 	307211102	 	1229	 	312081101	 	1754	 	1T02251301
	993	 	307221101	 	1312	 	312081102	 	2097	 	1T02261301
	1132	 	307221102	 	1118	 	312101002	 	2107	 	1T02281302
	1153	 	307261001	 	1627	 	312151101	 	1787	 	1T03141301
	1382	 	307261101	 	1629	 	312151105	 	2140	 	1T03191301
	1494	 	307281103	 	1601	 	312151106	 	142	 	1T03191302
	795	 	307291101	 	1632	 	312161101	 	142	 	1T03191303
	795	 	307301001	 	1634	 	312191101	 	1578	 	1T03211301
	1041	 	307301008	 	760	 	312221104	 	282	 	1T10251201
	459	 	308061003	 	1527	 	312281101	 	1754	 	1T10311202
	736	 	308101201	 	1656	 	312281102	 	1826	 	1T11301203
	1260	 	308161101	 	1647	 	312291103	 	103	 	1T12131201
	1866	 	308201202	 	1654	 	312301107	 	2010	 	1T12181201
	1813	 	308231201	 	1661	 	402281201	 	1424	 	2W01151301
	899	 	308241003	 	1795	 	406041201	 	445	 	2W01291303
	1571	 	308241201	 	1111	 	406071001	 	1533	 	2W01301301
	700	 	308271201	 	1545	 	406131201	 	2069	 	2W01311303
	350	 	308301101	 	1444	 	406161101	 	1341	 	2W02051301
	760	 	308301202	 	1677	 	406281201	 	548	 	2W02081301
	760	 	308301204	 	1472	 	407011101	 	2060	 	2W02131301
	993	 	308311204	 	1141	 	407131001	 	2086	 	2W02191302
	961	 	309011001	 	1478	 	407181101	 	7	 	2W02191303
	167	 	309101201	 	1487	 	407281101	 	982	 	2W02191305
	1009	 	309111202	 	1159	 	408041001	 	69	 	2W02251303
	1796	 	309251201	 	1506	 	408111101	 	1897	 	2W02251304
	1571	 	309271203	 	1889	 	409061201	 	1791	 	2W02251306
	1781	 	309271204	 	1197	 	409151002	 	788	 	2W02271301
	1221	 	309281201	 	1203	 	409211001	 	1189	 	2W03011301
	1927	 	309281205	 	1929	 	409271201	 	2122	 	2W03111301
	1926	 	309281209	 	1203	 	412081101	 	2130	 	2W03131301
	167	 	309291002	 	2041	 	1C01071301	 	2133	 	2W03141302
	1557	 	309291101	 	2064	 	1C01301301	 	2150	 	2W03271304
	1558	 	309291104	 	2089	 	1C02221301	 	141	 	2W03281303
	1213	 	309301003	 	1307	 	1C02251301	 	1897	 	2W10121201
	1148	 	310211101	 	2128	 	1C03121301	 	1958	 	2W10241204
	564	 	310261102	 	1995	 	1C03251301	 	693	 	2W10251201
	1589	 	310311102	 	2000	 	1C12101201	 	1492	 	2W10261202

  
 Sch. 1-6 

											
	Customer #	 	Contract #	 	Customer #	 	Contract #	 	Customer #	 	Contract #
	1362	 	2W11011201	 	1460	 	3T03261301	 	1037	 	312230902
	1965	 	2W11021201	 	182	 	3T03281303	 	1545	 	409271204
	1587	 	2W11071201	 	2157	 	3T03281304	 	2082	 	1C02141303
	1930	 	2W11121201	 	2157	 	3T03281306	 	1371	 	1C02201301
	1975	 	2W11151202	 	1848	 	3T10251202	 	2103	 	1C02271301
	1448	 	2W11291201	 	1071	 	3T11051201	 	2104	 	1C02271302
	1849	 	2W11291203	 	1071	 	3T11091201	 	2124	 	1C03111301
	1831	 	2W11301201	 	1969	 	3T11131201	 	18	 	1C03181301
	1367	 	2W11301203	 	1057	 	3T11131204	 	2075	 	1C03201301
	567	 	2W12031202	 	1320	 	3T11151201	 	1995	 	1C03281301
	719	 	2W12051202	 	1977	 	3T11161201	 	1892	 	1T01151302
	13	 	2W12071202	 	1983	 	3T11261202	 	1140	 	1T01281301
	2029	 	2W12281201	 	1970	 	3T11271201	 	1693	 	1T02201301
	51	 	2W12311205	 	1996	 	3T12061201	 	1879	 	1T02201302
	1705	 	3C01151301	 	1214	 	3T12131203	 	282	 	1T02201303
	1991	 	3C01161301	 	1214	 	3T12131204	 	2044	 	1T02221301
	2050	 	3C01241301	 	1571	 	3T12261203	 	14	 	1T02221302
	684	 	3C02211301	 	2025	 	3T12281204	 	840	 	1T03071301
	1579	 	3C02281302	 	2033	 	3T12311202	 	1	 	1T03221301
	1383	 	3C03181301	 	1669	 	4C01181301	 	191	 	1T10051201
	1383	 	3C03181303	 	2054	 	4C01281301	 	1481	 	1T12181203
	1934	 	3C10041201	 	1677	 	4C02081301	 	1882	 	2W01311302
	2046	 	3T01141303	 	1776	 	4C02131301	 	2091	 	2W02221301
	1866	 	3T01151301	 	2100	 	4C02261301	 	1723	 	2W02251301
	1842	 	3T01231301	 	928	 	4C02271301	 	1984	 	2W02261301
	1617	 	3T01281303	 	2106	 	4C02281301	 	2098	 	2W02261302
	1937	 	3T01281304	 	2115	 	4C02281302	 	845	 	2W02271302
	861	 	3T01311301	 	1889	 	4C03151301	 	2113	 	2W02281303
	2065	 	3T01311303	 	2135	 	4C03151302	 	2116	 	2W03011302
	1786	 	3T01311304	 	2144	 	4C03221302	 	1395	 	2W03081302
	2052	 	3T02011302	 	1948	 	4C10151201	 	1799	 	2W03081303
	2073	 	3T02061301	 	1889	 	4C10191201	 	2132	 	2W03141301
	1953	 	3T02121301	 	1889	 	4C11211202	 	2137	 	2W03181302
	2079	 	3T02131301	 	1776	 	4C11291203	 	89	 	2W03191301
	2046	 	3T02251301	 	1889	 	4C12201201	 	2141	 	2W03211303
	182	 	3T02271302	 	2039	 	4C12311202	 	2148	 	2W03261301
	2102	 	3T02271303	 	2127	 	5C03121301	 	499	 	2W03261302
	1675	 	3T02281303	 	2099	 	5T02261301	 	76	 	2W03291303
	1278	 	3T02281304	 	2099	 	5T02261302	 	581	 	2W03291305
	1866	 	3T02281307	 	2126	 	5T03121301	 	1930	 	2W11271201
	1284	 	3T02281308	 	2155	 	5T03281301	 	1118	 	3C01251301
	717	 	3T02281310	 	1989	 	5T12041201	 	999	 	3C02271301
	1953	 	3T03011301	 	39	 	103231101	 	2105	 	3C02281301
	2118	 	3T03071302	 	1808	 	109171201	 	2109	 	3C02281303
	1842	 	3T03081301	 	967	 	204121002	 	1459	 	3C02281304
	2125	 	3T03121302	 	76	 	207271001	 	2110	 	3C02281306
	2131	 	3T03141301	 	1341	 	209101204	 	1383	 	3C03181302
	2138	 	3T03181302	 	1103	 	305261002	 	2160	 	3C03291301
	2026	 	3T03251303	 	1264	 	311291002	 	1668	 	3C11071202

  
 Sch. 1-7 

											
	Customer #	 	Contract #	 	 	 	 	 	 	 	 
	767	 	3C11281201	 	        	 	                    	 	        	 	                      
	1617	 	3T02011301	 		 		 		 	
	2084	 	3T02191302	 		 		 		 	
	2095	 	3T02251304	 		 		 		 	
	1460	 	3T02261302	 		 		 		 	
	2111	 	3T02281305	 		 		 		 	
	1009	 	3T02281309	 		 		 		 	
	830	 	3T03061301	 		 		 		 	
	830	 	3T03061302	 		 		 		 	
	701	 	3T03071301	 		 		 		 	
	2042	 	3T03201301	 		 		 		 	
	2145	 	3T03251301	 		 		 		 	
	1777	 	3T03251302	 		 		 		 	
	2157	 	3T03281305	 		 		 		 	
	1460	 	3T03291301	 		 		 		 	
	2159	 	3T03291302	 		 		 		 	
	2157	 	3T03291303	 		 		 		 	
	689	 	3T10291202	 		 		 		 	
	689	 	3T10291203	 		 		 		 	
	689	 	3T10291205	 		 		 		 	
	2081	 	4C02081302	 		 		 		 	
	1639	 	4C02221301	 		 		 		 	
	2134	 	4C03131301	 		 		 		 	
	2143	 	4C03221301	 		 		 		 	
	2154	 	4C03281301	 		 		 		 	
	1197	 	4C10031201	 		 		 		 	
	1545	 	4C12181201	 		 		 		 	
	1878	 	4C12281202	 		 		 		 	
	2142	 	5C03221301	 		 		 		 	
	1943	 	5C11281201	 		 		 		 	
	2099	 	5T02261303	 		 		 		 	
	1989	 	5T12281201	 		 		 		 	

  
 Sch. 1-8 

 SCHEDULE 2 

List of Lock-Box Banks and Lock-Box Account 

Account number 2000026298881 of CCG maintained with Wells Fargo Bank, National Association, having offices located at 1 South Broad Street, Mail Code: PA1227,
Philadelphia, Pennsylvania and 401 S. Tryon Street, 10th Floor, TS Legal Risk Mgmt., Mail Code NC0817, Charlotte, North Carolina 28288. 

 SCHEDULE 3 

Location of Certain Offices and Records 

Commercial Credit Group Inc. 
 2056 Westings Avenue, Suite 280

 Naperville, IL 60563 
 Commercial Credit Group Inc. 

227 West Trade Street, Suite 1450 
 Charlotte, NC 28202 

Commercial Credit Group Inc. 
 500 Corporate Parkway 

Suite 108 
 Amherst, NY 14226 

CCG Receivables Trust 2013-1 
 c/o Commercial Credit Group Inc.

 227 West Trade Street, Suite 1450 
 Charlotte, NC 28202 

CCG Receivables IV, LLC 
 227 West Trade Street, Suite 1450A 

Charlotte, NC 28202 

 SCHEDULE 4 
  

			
	 1.      Notice Information
		
		
	 Commercial Credit Group Inc.,

as Originator and Servicer
 227 West Trade
Street, Suite 1450
 Charlotte, NC 28202
  

CCG Receivables Trust 2013-1,
 as Issuer

c/o Wilmington Trust, National Association
 Rodney Square
North
 1100 North Market Street
 Wilmington, DE 19890

Attention: Corporate Trust Administration
  

With a copy to:
  

CCG Receivables Trust 2013-1
 c/o Commercial Credit Group
Inc.,
 227 West Trade Street, Suite 1450
 Charlotte, NC
28202
  
 CCG Receivables IV, LLC,

as Depositor
 227 West Trade Street, Suite
1450A
 Charlotte, NC 28202
  

Portfolio Financial Servicing Company,
 as
Back-Up Servicer
 7303 SE Lake Road
 Portland, Oregon 97267

Attention: President
		 U.S. Bank National Association,

as Indenture Trustee
 60 Livingston Avenue

EP-MN-WS3D
 St. Paul, MN 55107

Attn: Global Structured Finance/CCG Receivables Trust 2013-1
  

Wilmington Trust, National Association,
 as
Owner Trustee
 Rodney Square North,
 1100 North Market
Street
 Wilmington, Delaware 19890
  

DBRS, Inc.
 Attn: Surveillance

140 Broadway
 New York, New York 10005

 
 Standard & Poor’s Ratings Services,

a Standard & Poor’s Financial

Services LLC business
 55 Water Street, 41st
Floor
 New York, New York 10004

 EXHIBIT A 

Form of Supplement for Substituted Receivables 

Pursuant to Section 3.3 of the Sale and Servicing Agreement dated as of April 24, 2013, by and among CCG RECEIVABLES IV, LLC, a
Delaware limited liability company (the “Depositor”), CCG RECEIVABLES TRUST 2013-1, a Delaware statutory Trust (the “Issuer”), COMMERCIAL CREDIT GROUP INC., (“CCG”) a Delaware corporation, (the
“Servicer” and the “Originator”), PORTFOLIO FINANCIAL SERVICING COMPANY, a Delaware corporation, (the “Back-Up Servicer”) and U.S. BANK NATIONAL ASSOCIATION, a national banking association, the
(“Indenture Trustee”), attached hereto as Schedule I is a Schedule which includes information regarding the Receivables, the Related Security, all related Collections, and all proceeds of the foregoing (the “Substituted
Receivables”) that are sold, assigned, transferred and delivered by the undersigned to the Issuer in accordance with the Sale and Servicing Agreement as of
                , 201   (the “Substitution Date”). The Substituted Receivables are delivered in substitute of the Receivables identified in
Schedule II attached hereto and all Related Security (the “Released Receivables”), and, from and after the date of this supplement for Substituted Receivables, the Released Receivables shall no longer be considered “Sold
Assets” or “Collateral” pursuant to the Sale and Servicing Agreement and the Indenture, dated April 24, 2013, between the Issuer and the Indenture Trustee. Schedule I and Schedule II hereto may be delivered electronically. 

The Originator certifies that (i) the Substituted Receivables constitute Eligible Receivables as of the date hereof, (ii) the
Substituted Receivables have a Net Book Value, based on such Receivables’ Scheduled Payments that are scheduled to be received after the date hereof and prior to the applicable Maturity Date, equal to or greater than the Released Receivables
for the same period, and (iii) the aggregate, cumulative Net Book Value of all Substituted Receivables delivered since the Closing Date does not constitute more than 10% of the Original Pool Balance. 

The Servicer, on behalf of the Issuer, certifies that it has taken all necessary action to subject the Substituted Receivables to the Lien of
the Indenture in favor of the Indenture Trustee on behalf of the Noteholders. 
  

			
	COMMERCIAL CREDIT GROUP INC.,
	as Originator / Servicer
		
	By:		  

	Name:		
	Title:		

			
	CCG RECEIVABLES IV, LLC
	as Depositor
		
	By		  

	Name:		
	Title		

  

			
	
	 CCG RECEIVABLES TRUST 2013-1,
 as
Issuer,

	 By: WILMINGTON TRUST, NATIONAL ASSOCIATION,

not in its individual capacity but solely as Owner Trustee of CCG RECEIVABLES TRUST 2013-1

 

			
		
	By:		  

	Name:		
	Title:		

  

			
	Acknowledged by:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 as
Indenture Trustee

		
	By:		  

	Name:		
	Title:		

 SCHEDULE I 

SUBSTITUTED RECEIVABLES SCHEDULE 
  

																																			
	Source	 	Cust	 	Contract
Num	 	Customer
Name	 	Issue
Month	 	Org
Day	 	Issue
Year	 	contract
Type	 	Residual
Value	 	Book
Value
WO Resid	 	Pmt per
amtz
schedule	 	lease_start_date	 	Maturity
date	 	Term	 	PMTS	 	months
to
maturity	 	days
oldest
rent
due	 	lease_billto_state
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	

 SCHEDULE II 

REPLACED RECEIVABLES SCHEDULE 
  

																																			
	Source	 	Cust	 	Contract
Num	 	Customer
Name	 	Issue
Month	 	Org
Day	 	Issue
Year	 	contract
Type	 	Residual
Value	 	Book
Value
WO
Resid	 	Pmt per
amtz
schedule	 	lease_start_date	 	Maturity
date	 	Term	 	PMTS	 	months
to
maturity	 	days
oldest
rent
due	 	lease_billto_state
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	
		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 		 	

 EXHIBIT B 

Form of Servicer Report 

 CCG RECEIVABLES TRUST 2013-1 

SERVICER REPORT 
  

					
	Collection Period	 	From:	 	4/24/2013
		 	To (Month End Date):	 	4/24/2013
	Determination Date (2nd Business Day before related Payment Date):	 		 	4/24/2013
	Payment Date (14th day or next succeeding business day of each month):	 		 	4/24/2013
	Closing Date	 		 	4/24/2013
	Has a Trigger Event Occurred?	 		 	No
	Has a Servicer Default Occurred?	 		 	Yes
	Number of Contracts	 		 	1,049

  

																																	
	 A. Payment Summary

										
	 Class
	 	CUSIP	 	 	Beginning
Balance	 	 	Note Rate	 	 	Interest Paid	 	 	Principal Paid	 	 	Total
Distribution	 	 	Ending Balance	 	 	                         	 	                             
	 A-1
	 	 	14985MAA9	  	 	$	55,100,000.00	  	 	 	0.370	% 	 	$	0.00	  	 	$	0.00	  	 	$	0.00	  	 	$	55,100,000.00	  	 		 	
	 A-2
	 	 	14985MAB7	  	 	$	124,290,000.00	  	 	 	1.050	% 	 	$	0.00	  	 	$	0.00	  	 	$	0.00	  	 	$	124,290,000.00	  	 		 	
	 B
	 	 	14985MAC5	  	 	$	15,080,000.00	  	 	 	2.090	% 	 	$	0.00	  	 	$	0.00	  	 	$	0.00	  	 	$	15,080,000.00	  	 		 	

  

																							
	 B. Pool Receivable Activity During the Collection Period
	 				 			
			
	 Original Pool Balance (NBV)
	 	$	201,000,070.66	  	 			
			
	 Pool Balance (NBV), Beginning
	 	$	201,000,004.61	  	 			
	 Pool Balance (NBV), Ending
	 	$	0.00	  	 			
			
	 C. Principal Payment Amount
	 				 			
			
	 Initial Overcollateralization Amount
	 	$	6,530,070.66	  	 			
	 Target Overcollateralization Amount
	 	$	0.00	  	 			
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 Total Note Balance after Priority of Payments Steps vi and viii
	 	$	194,470,000.00	  	 			
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 Scheduled Investor Principal Amount
	 	$	0.00	  	 			
			
	 D. Servicer Advances
	 				 			
			
	 Unreimbursed Servicer Advances from Prior Collection Period
	 	$	0.00	  	 			
	 Servicer Advances during Current Collection Period
	 	$	0.00	  	 			
			
	 E. Substitutions
	 				 			
			
	 Receivables Substituted to Date, Beginning
	 	$	0.00	  	 			
	 Receivables Substituted during Current Collection Period
	 	$	0.00	  	 			
	 Receivables Substituted to Date, Ending
	 	$	0.00	  	 	 	                     	  
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 % of Total Receivables Substituted
	 	 	0.00	% 	 			
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 Cap for Substituted Receivables (10% of Orig. Pool Balance)
	 	 	10.00	% 	 	 	Pass	  
			
	 F. Reserve Account
	 				 			
			
	 Reserve Account Balance, Beginning
	 	$	3,015,001.06	  	 			
	 Earnings from Investment of Funds in the Reserve Account
	 	$	0.00	  	 			
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 Reserve Account Total Balance
	 	$	3,015,001.06	  	 			
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 Required Reserve Amount
	 	$	3,015,001.06	  	 			
	 Reserve Account Withdrawal Amount
	 	$	0.00	  	 			
	 Reserve Account Deficiency covered by Excess Available Funds
	 	$	0.00	  	 			
	 Excess Reserve Funds released to Waterfall
	 	$	0.00	  	 			
	 Reserve Account Balance, Ending
	 	$	3,015,001.06	  	 			
	 Reserve Account Deficiency
	 	$	0.00	  	 			

  

					
		  	Servicer Report	  	1

																							
	 G. Available Amounts and Distributions
	 				 			
			
	 Available Amounts (in accordance with the definition of Available Amounts in the Indenture)
	 				 			
	 Aggregate Collections (including proceeds from liquidated contracts and upon a Trigger Event, Excluded Amounts)
	 	$	0.00	  	 	 	 	  
	 Excess Amounts in the Collection Account
	 	$	0.00	  	 			
	 Earnings from Investment of Funds in the Collection Account
	 	$	0.00	  	 			
	 Servicer Advances Made During Current Collection Period
	 	$	0.00	  	 			
	 Aggregate Purchase Price of Contracts Repurchased by the Servicer
	 	$	0.00	  	 			
	 Available Amounts
	 	$	0.00	  	 			
	 Reserve Account Withdrawal Amount or Amount Released from the Reserve Account
	 	$	0.00	  	 			
		 		 		 		 		 		 		 		 	  
	  
	 	 			
	 Total Available Amounts
	 	$	                0.00	  	 	 	                           	  
		 		 		 		 		 		 		 		 	  
	  
	 	 			

  

																							
	Distributions (in accordance with Section 4.5(a) of the Indenture)	 	 	Remaining
Available Amount	 
	 (i)
	 	 To Servicer, any unreimbursed Servicer Advances, in respect of a prior Collection Period
	 	$	0.00	  	 	$	0.00	  
	 (ii)
	 	 To Successor Servicer, successor servicer expenses
	 	$	0.00	  	 	$	0.00	  
	 (iii)
	 	 To Servicer, the Servicing Fee and expenses (including any unpaid amounts)
	 	$	0.00	  	 	$	0.00	  
	 (iv)
	 	 (a)
	 	 To Indenture Trustee, the Indenture Trustee Fees (including any unpaid and indemnified amounts)
	 	$	0.00	  	 			
		 		 	 To Back-up Servicer, the Back-up Servicer Fees (including any unpaid and indemnified amounts)
	 	$	0.00	  	 			
		 		 	 To Owner Trustee, the Owner Trustee Fees (including any unpaid and indemnified amounts)
	 	$	0.00	  	 			
		 		 	 To Custodian, the Custodian Fees (including any unpaid and indemnified amounts)
	 	$	0.00	  	 	$	0.00	  
		 	 (b)
	 	 To Indenture Trustee, the Indenture Trustee unpaid and indemnified amounts
	 	$	0.00	  	 	$	0.00	  
		 		 	 To Back-up Servicer, the Back-up Servicer including any unpaid and indemnified amounts
	 	$	0.00	  	 	$	0.00	  
		 		 	 To Owner Trustee, the Owner Trustee including any unpaid and indemnified amounts
	 	$	0.00	  	 	$	0.00	  
		 		 	 To Custodian, the Custodian including any unpaid and indemnified amounts
	 	$	0.00	  	 	$	0.00	  
	 (v)
	 	 To the Noteholder, Class A accrued interest:
	 				 			
		 		 	 Class A-1 Interest amount
	 	$	0.00	  	 			
		 		 	 Class A-2 Interest amount
	 	$	0.00	  	 	$	0.00	  
	 (vi)
	 	 To the Noteholder, principal amount, excess of Class A notes - Pool Balance
	 	$	0.00	  	 	$	0.00	  
	 (vii)
	 	 To the Noteholder, Class B accrued interest
	 	$	0.00	  	 	$	0.00	  
	 (viii)
	 	 To the Noteholder, principal amount, excess of Class A & B notes - Pool Balance
	 	$	0.00	  	 	$	0.00	  
	 (ix)
	 	 To the Reserve Fund, the excess of the Required Reserve Amount
	 	$	0.00	  	 	$	0.00	  
		 	 Scheduled Investor Principal Amount:
	 				 			
	 (x) (i)
	 	 Prior to the occurrence and continuation of a trigger event:
	 				 			
		 		 	 Class A-1 Principal amount
	 	$	0.00	  	 			
		 		 	 Class A-2 Principal amount
	 	$	0.00	  	 			
		 		 	 Class B Principal amount
	 	$	0.00	  	 	$	0.00	  
	 (x) (ii)
	 	 During the continuation of a trigger event
	 				 			
		 		 	 Class A-1 Principal amount
	 	$	0.00	  	 			
		 		 	 Class A-2 Principal amount
	 	$	0.00	  	 			
		 		 	 Class B Principal amount
	 	$	0.00	  	 			
	 (xii)
	 	 To the Indenture Trustee, Back-up Servicer and Custodian, all amounts due and not paid due to cap on (iv)
	 	$	0.00	  	 	$	0.00	  
	 (xiii)
	 	 To the Certificateholder, any excess
	 	$	0.00	  	 	$	0.00	  
		
	 H. Trigger Events
	   
	 			
				
	 (i)
	 	 Cumulative Realized Losses
	 	 	#N/A	  	 			
		 	 Cumulative Net Loss Ratio (Cum. Realized Losses/Orig Pool Balance)
	 	 	#N/A	  	 			
		 	 Cumulative Net Loss Ratio Trigger
	 	 	#N/A	  	 	 	#N/A	  
				
	 (ii)
	 	 Servicer Default has occurred and is continuing
	 				 	 	Yes	  
			
	 J. Servicer Default
	 				 			
				
	 Tangible Net Worth
	 	 Quarterly as of:
	 	$	0.00	  	 			
	 Tangible Net Worth Trigger
	 	$	35,000,000.00	  	 	 	Fail	  

 The undersigned does hereby certify: 
  

	 	I.	CCG and CCG Receivables IV, LLC are the Servicer and the SPV, respectively, under the Indenture and Sales & Servicing Agreement. The undersigned is a Responsible Officer of the Servicer and the Borrower.

  

	 	II.	The date of this Servicer Report is two business days prior to the Payment Date immediately following the Collection Period specified above. 

 

	 	III.	No Trigger Event or Event of Default has occurred under the Indenture. 

  

	 	IV.	The figures represented in this report are true and correct as of the date hereof 

  

	 	V.	As of the date hereof, to the best knowledge of the undersigned, the Servicer has performed in all material respects all of its obligations under the Sales & Servicing Agreement and Indenture through the
Payment Date specified above. 

 
 IN WITNESS WHEREOF, the undersigned
has duly executed this Report. 
  

			
		 	Commercial Credit Group, Inc.
		
	By:	 	  

		
	Title:	 	SVP and CFO
		
	Date:	 	April 24, 2013

  

					
		  	Servicer Report	  	2

 EXHIBIT C 

Form of Credit and Collection Policies and Practices 

 COMMERCIAL CREDIT GROUP INC 

CREDIT POLICY 
 Credit Submittals

 All transactions require a credit package and must be documented on the Company’s standard form of credit application. The amount
of credit information required to evaluate a proposed transaction will be on a case-by-case basis depending on the size and complexity of the proposed transaction. A typical credit package may include year-end and interim financial statements,
corporate/LLC tax returns, collateral description, references, personal financial statements, personal tax returns and other guarantor information. 

Credit Process 
 The credit package will
be analyzed to include financial statement and cash flow analysis, collateral evaluation, and reference checks. Reference checks must be documented on the Company’s standard form of internal credit documents. Credit reports such as
Dun & Bradstreet and credit bureau reports will be evaluated when applicable. If the proposed transaction is with an existing obligor, previous transactions will also be reviewed for total exposure and cross-collateralization purposes. All
terms and closing conditions will be noted on the credit application. All transactions require the approval of two credit officers. 
 Credit Parameters

 Debt Service Coverage: At the time of the initial credit decision, the historic or forecasted Debt Service Coverage must be at
or above 1:1. Debt Service Coverage is defined as Cash Flow (net income + non cash expenses) vs. Current Maturities of debt (excluding revolving facilities and balloon payments). If the obligor’s financial information does not itemize Current
Maturities, then the Company’s credit officers will use their best efforts to determine an estimate of Current Maturities. 

References: Reference checks on the proposed obligor’s secured debt must indicate current payment habits within 60 days of due
date. Credit reports must not have any excessive delinquency. 
 Previous Bankruptcies: The obligor and its majority owners must not
be in or have filed for a bankruptcy proceeding within the last 7 years. 
 The CEO of the Company must approve transactions that do not
meet the parameters as indicated above. 
 Non-Qualifying Transactions 

The Company will not entertain any transactions that have the following characteristics: 

 

	 	•	 	Floor plan 

  

	 	•	 	Owner-operator transportation 

  

	 	•	 	Transactions involving a third party broker 

  

	 	•	 	Consumer or Agricultural 

 Credit Concentrations 

The Company’s in-house limit on total exposure to any one obligor (including related parties such as guarantors and affiliated entities
with similar ownership) shall not exceed 4% of the net portfolio. The Company may sell all or part of a transaction to third parties on a without recourse basis. Once a transaction is sold, the net amount sold will be removed from the total
concentration of that particular obligor. 
 At times, the Company may be involved in transactions that involve recourse to the selling
vendor or manufacturer. In such situations, the Company’s total recourse exposure to any one recourse obligor will not exceed 17.5% of the Company’s equity, except in the event where (1) the recourse party is of unquestionable credit
quality; and (2) no one single direct obligor subject to such recourse represents more than 6% of the Company’s equity; and (3) management feels the Company’s exposure is fully protected. 

Any transaction originated by the Company and initially financed by the Company with non-recourse debt will not be subject to in-house credit
limits. 
 Credit Officers and Authority 

All transactions require the approval of two credit officers prior to funding. The credit authorization on any one obligor will be the highest
credit authority assigned to the individual officers approving the transaction. The credit officers and their respective credit authority are set forth below: 
  

			
	 Daniel J. McDonough
		 In-house limit

	 Kevin T. McGinn
		 $750,000

	 W.J. Mattocks
		 $750,000

	 Donald G. Pokorny
		 $750,000

	 Richard W. Radom
		$750,000 With comparable co-signature authority, $400,000 with Samuel C. Robinson and James H. Smith
	 Samuel C. Robinson
		 $400,000

	 James H. Smith
		 $400,000

 Extensions 

At times existing obligors may request an extension of their existing accounts. Such accommodations will require a complete credit package and
will follow the underwriting process of a newly proposed transaction. During an extension request, the Company will reevaluate its collateral position, guarantors and pricing and make the necessary adjustments. 

Non-Accruals and Write-Offs 
 The Company
will suspend interest income on contract receivables if, in management’s opinion, the collection of such receivable is in question. This may occur for a variety of reasons including, but not limited to, delinquency, a bankruptcy proceeding,
foreclosure, and deteriorating business conditions. All receivables over 90 days delinquent will automatically be placed on non-accrual. 

When an account is placed on non-accrual, the Company will perform a collateral evaluation and take the appropriate write-off. All contract
receivables that become subject to foreclosure will be removed from the receivable classification and reclassified as “Other Assets”, the carrying value of which is expected to be at the estimated liquidation value of the collateral.EX-10.13

 Exhibit 10.13 

COMMERCIAL CREDIT GROUP INC. 

2012 EQUITY INCENTIVE PLAN 

 COMMERCIAL CREDIT GROUP INC. 

2012 EQUITY INCENTIVE PLAN 
 TABLE
OF CONTENTS 
  

							
	Section 1.		 Purpose
		 	1	  
			
	Section 2.		 Definitions
		 	1	  
			
	Section 3.		 Administration
		 	3	  
			
	Section 4.		 Duration of and Common Stock Subject to Plan
		 	3	  
			
	Section 5.		 Eligibility
		 	4	  
			
	Section 6.		 Stock Options
		 	4	  
			
	Section 7.		 Restricted Stock Grants
		 	6	  
			
	Section 8.		 Deferral Elections
		 	10	  
			
	Section 9.		 Termination of Employment
		 	10	  
			
	Section 10.		 Non-transferability of Awards; Stockholders’ Agreement
		 	10	  
			
	Section 11.		 Adjustments Upon Changes in Capitalization, Etc.
		 	11	  
			
	Section 12.		 Amendment and Termination
		 	12	  
			
	Section 13.		 Miscellaneous
		 	13	  

 COMMERCIAL CREDIT GROUP INC. 

2012 EQUITY INCENTIVE PLAN 

Section 1. Purpose. The purpose of the Commercial Credit Group Inc. 2012 Equity Incentive Plan (the “Plan”) is to
attract and retain managerial and other key employees, directors and consultants, and to reward such key persons for making major contributions to the success of Commercial Credit Group Inc. (the “Company”). The Plan is designed to meet
these objectives by offering performance-based stock incentives and other equity-based incentive awards, thereby providing such key persons a proprietary interest in the long term growth and performance of the Company. 

Section 2. Definitions. For purposes of the Plan, unless the context clearly indicates otherwise, the following terms shall have
the meanings set forth below: 
 (a) “Award” (collectively, “Awards”) means an award or grant made
to a Participant under Section 6 or 7 of the Plan. 
 (b) “Board” means the Board of Directors of the
Company. 
 (c) “Code” means the Internal Revenue Code of 1986, as in effect from time to time, or any
successor thereto, together with rules, regulations and interpretations promulgated thereunder. 
 (d) “Common
Stock” means the $.00001 par value Common Stock of the Company or any security of the Company issued in substitution, exchange or lieu thereof pursuant to Section 11 hereof. 

(e) “Company” means Commercial Credit Group Inc., a Delaware corporation, as well as any successor as provided
in Section 13(f) hereof. 
 (f) “Compensation Committee” means the committee, if any, appointed by the
Board to administer the Plan as provided in Section 3 hereof. 
 (h) “Exchange Act” means the
Securities Exchange Act of 1934, as amended and in effect from time to time, or any successor statute. 
 (g) “Fair
Market Value,” with respect to a share of Common Stock at a particular time, shall be that value as determined by the Compensation Committee which shall be (i) if such Common Stock is listed on a national securities exchange, the
closing price of the Common Stock on the national securities exchange on said date, or, if no sales occur on said date, then on the next preceding date on which there were such sales of Common Stock, or (ii) if at

 
any time the Common Stock shall not be listed on any national securities exchange, the fair market value shall be determined by the Compensation Committee in such manner as it may deem reasonable
in accordance with the requirements of Code Section 409A. 
 (h) “Incentive Stock Option” means any
Stock Option granted pursuant to the provisions of Section 6 of the Plan that is intended to be and is specifically designated as an “incentive stock option” within the meaning of Section 422 of the Code. 

(i) Liquidating Event” means (i) one or a series of transactions as a result of which (x) any
person or group of persons (other than the Investors or any affiliate of the Investors) (“Acquiring Persons”), acquire, directly or indirectly, a majority of the Company’s voting securities and (y) the Investors sell or otherwise
dispose of more than 35% of the Initial Investment Shares (it being understood that, for purposes of this definition, the exchange or conversion of any Initial Investment Shares for other convertible preferred stock or common stock of the Company
shall not be considered a sale or disposition of such Initial Investment Shares), (ii) the Company consolidates with or merges into or with, or effects any plan of share exchange with, any person, and, after giving effect to such consolidation
or merger or plan of share exchange, (x) any Acquiring Persons own, directly or indirectly, a majority of the voting securities of the person surviving such merger or consolidation or share exchange and (y) the Investors sell or otherwise
dispose of more than 35% of the Initial Investment Shares, (iii) one or a series of related transactions as a result of which any Acquiring Persons acquire, directly or indirectly, all or substantially all of the assets of the Company and its
subsidiaries, taken as a whole, (iv) one or a series of transactions as a result of which the Investors no longer control the Board or (v) a complete liquidation or winding up of the Company. 

(j) “Non-Qualified Stock Option” means any Stock Option granted pursuant to the provisions of Section 6
of the Plan that is not an Incentive Stock Option. 
 (k) “Participant” means an employee, director or
consultant of the Company who is granted an Award under the Plan. 
 (l) “Performance Based Restricted
Stock” has the meaning set forth in Section 7(f), below. 
 (m) “Plan” means the Commercial
Credit Group Inc. 2012 Equity Incentive Plan as set forth herein, as the same may be hereafter amended and from time to time in effect. 

  
 2 

 (n) “Qualified IPO” means an initial public offering of the
Company’s Common Stock pursuant to a registration statement filed under the Securities Act of 1933, as amended, in which the Company receives at least $15 million of net proceeds. 

(o) “Restricted Stock Grant” means an Award of shares of Common Stock granted pursuant to the provisions of
Section 7 of the Plan. 
 (p) “Stock Option” means an Award of an option to purchase shares of Common
Stock granted pursuant to the provisions of Section 6 of the Plan. 
 (q) “Stockholders Agreement”
means the Commercial Credit Group Inc. Fifth Amended and Restated Stockholders Agreement, as same may be amended from time to time. 

Section 3. Administration. 

(a) The Plan shall be administered by the Compensation Committee of the Board; provided, that if the Board has not established a
Compensation Committee, the Plan shall be administered by the Board and all references herein to the Compensation Committee shall be deemed to refer to the Board. 

(b) The Compensation Committee is authorized to grant Awards under the Plan, to construe and interpret the Plan, to promulgate, amend and
rescind rules and regulations relating to the implementation of the Plan, and to make all other determinations necessary or advisable for the administration of the Plan. Any determination, decision or action of the Compensation Committee in
connection with the construction, interpretation, administration or application of the Plan shall be final, conclusive and binding upon all persons participating in the Plan and any person validly claiming under or through persons participating in
the Plan. No member of the Compensation Committee will be liable for any such determination, decision or action made in good faith. The Company shall effect the granting of Awards under the Plan in accordance with the determinations made by the
Compensation Committee, by execution of instruments in writing in such form as are approved by the Compensation Committee. 

Section 4. Duration of and Common Stock Subject to Plan. 

(a) Term. The Plan shall be effective on November 7, 2012, and was approved by the stockholders of the Company on November 7,
2012. The Plan shall terminate on November 8, 2022. 
 (b) Shares of Common Stock Subject to Plan. The maximum number of shares
of Common Stock with respect to which Awards may be granted under the Plan, subject to adjustment as provided in Section 11 of the Plan, shall be 35,000 shares of the total authorized shares of the Common Stock, of which 50% shall be Restricted
Stock Grants issued as Performance Based Restricted Stock Awards and 50% shall be issued as Restricted Stock Grants 

  
 3 

 
that vest upon the passage of time as set forth in the applicable Award agreement (“Time Based Restricted Stock Awards”). For the purpose of computing the total number of shares
of Common Stock available for Awards under the Plan, there shall be counted against the foregoing limitation the number of shares of Common Stock subject to issuance upon exercise or settlement of Awards and determined as of the dates on which such
Awards are granted. If any Awards are forfeited, terminated, settled in cash in lieu of stock, exchanged for other Awards, or expire unexercised, the shares of Common Stock which were theretofore subject to such Awards shall again be available for
Awards under the Plan to the extent of such forfeiture, termination, settlement, exchange or expiration; provided, however, that the shares of Common Stock that were subject to Performance Based Restricted Stock Awards or Time Based
Restricted Stock Awards that are forfeited, terminated, settled in cash in lieu of stock or exchanged or that expire unexercised shall be available again for issuance only as Performance Based Restricted Stock Awards or Time Based Restricted Stock
Awards, respectively. Further, any shares of Common Stock which are used as full or partial payment to the Company by a Participant of the purchase price of shares of Common Stock upon exercise of Stock Options shall again be available for Awards
under the Plan. Common Stock issued under the Plan may be either authorized and unissued shares or issued shares which have been reacquired by the Company. No fractional shares of Common Stock shall be issued under the Plan. 

Section 5. Eligibility. Only managerial and other key employees, directors and consultants of the Company or any of the
Company’s subsidiaries shall be eligible to be granted Awards under the Plan; provided, however, that (i) only employees of the Company and of any parent corporation or subsidiary corporation of the Company, whether now or
hereafter existing, as those terms are defined in Sections 424(e) and (f), respectively, of the Code shall be eligible to receive Incentive Stock Options under the Plan, and (ii) Stock Options may be granted solely to individuals in respect of
whom the Company would be an eligible issuer of service recipient stock, as such phrase is defined in Treasury Regulation Section 1.409A-1(b)(5)(iii)(E). The Compensation Committee shall, from time to time, (i) determine those
managerial and other key employees, directors and consultants to whom Awards shall be granted and the conditions of each such Award or issue and sale and (ii) grant such Awards. 

Section 6. Stock Options. Stock Options may be granted under the Plan in the form of Incentive Stock Options or Non-Qualified
Stock Options; and such Stock Options shall be subject to the following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the express provisions of the Plan, as the Compensation Committee shall
determine: 
 (a) Grant. Stock Options may be granted under the Plan on such terms and conditions not inconsistent
with the provisions of the Plan and in such form as the Compensation Committee may from time to time approve. Stock Options may be granted alone, in addition to or in combination with other Awards under the Plan. 

(b) Stock Option Price. The option exercise price per share of Common Stock purchasable under a Stock Option shall be
determined by the 

  
 4 

 
Compensation Committee at the time of grant, but in no event shall the exercise price of a Stock Option be less than 100% of the Fair Market Value of the Common Stock on the date of the grant of
such Stock Option. 
 (c) Option Term. The term of each Stock Option shall be fixed by the Compensation Committee;
provided, that the term of Incentive Stock Options shall not exceed 10 years after the date the Incentive Stock Option is granted. The Committee may provide that a Stock Option may terminate prior to its stated term upon the termination of
employment or other services of the Participant. 
 (d) Exercisability. A Stock Option shall be exercisable at such
time or times and subject to such terms and conditions as shall be determined by the Compensation Committee at the date of grant, including the performance by the Participant of past or future services or the attainment of performance targets
established by the Compensation Committee. 
 (e) Method of Exercise. A Stock Option may be exercised, in whole or in
part, by a Participant’s giving written notice of exercise to the Company specifying the number of shares to be purchased. Such notice shall be accompanied by payment in full of the purchase price in cash or, if acceptable to the Compensation
Committee in its sole discretion, in any other form of lawful consideration, including, but not limited to, in shares of Common Stock either already owned by the Participant or subject to such Stock Option. 

(f) Special Rule for Incentive Stock Options. With respect to Incentive Stock Options granted under the Plan, the
aggregate Fair Market Value (determined as of the date the Incentive Stock Option is granted) of the number of shares with respect to which Incentive Stock Options are exercisable for the first time by a Participant during any calendar year shall
not exceed $100,000 or such other limit as may be required by the Code. 
 (g) Special Rule for 10% Owners. With
respect to an Incentive Stock Option granted under the Plan to a Participant who owns more than 10% of the voting power of all classes of stock of the Company at the time of such grant, the exercise price for such Incentive Stock Option shall be no
less than 110% of the Fair Market Value of the Common Stock on the date of the grant and the term of such Incentive Stock Option shall not exceed 5 years from the grant date. 

(h) Accelerated Vesting. The Compensation Committee may provide, in an Award agreement of any Participant or otherwise,
for the accelerated vesting of the Stock Option represented by such Award upon the occurrence of a designated event such as a Liquidating Event or certain other circumstances, all as determined at the sole discretion of the Compensation Committee.

  
 5 

 Section 7. Restricted Stock Grants. Restricted Stock Grants shall be subject to the
following terms and conditions and shall contain such additional terms and conditions, not inconsistent with the express provisions of the Plan, as the Compensation Committee shall determine: 

(a) Restricted Stock Grants. A Restricted Stock Grant is an Award of shares of Common Stock to a Participant subject to
such terms and conditions as the Compensation Committee deems appropriate, including, without limitation, restrictions on the sale, assignment, transfer or other disposition of such shares and the requirement that the Participant forfeit such shares
back to the Company upon termination of employment prior to vesting. 
 (b) Grants of Awards. Restricted Stock Grants
may be granted under the Plan in such form and on such terms and conditions as the Compensation Committee may from time to time approve. Restricted Stock Grants may be granted alone, in addition to or in combination with other Awards under the Plan.
Subject to the terms of the Plan, the Compensation Committee shall determine the number of Restricted Stock Grants to be made to a Participant and the Compensation Committee may impose different terms and conditions on any particular Restricted
Stock Grant made to any Participant. Each Participant receiving a Restricted Stock Grant shall be issued a stock certificate in respect of such shares of Common Stock. Such certificate shall be registered in the name of such Participant, shall be
accompanied by a stock power duly executed by such Participant, and shall bear an appropriate legend referring to the terms, conditions and restrictions applicable to such Award; which certificate evidencing such shares shall be held in custody by
the Company until the restrictions thereon shall have lapsed. 
 (c) Restriction Period. Restricted Stock Grants shall
provide that in order for a Participant to vest in such Awards, the Participant must remain in the employment or other engagement as a consultant or director of the Company, subject to relief for specified reasons, for a period of time commencing on
the date of the Award and ending on such later date or dates as the Compensation Committee may designate at the time of the Award (“Restriction Period”). During the Restriction Period, a Participant may not sell, assign, transfer, pledge,
encumber or otherwise dispose of shares of Common Stock received under a Restricted Stock Grant. The Compensation Committee, in its sole discretion, may also provide for the lapse of restrictions in installments during the Restriction Period based
upon the performance by the Participant of past or future services or the attainment of performance targets established by the Compensation Committee. In addition, the Compensation Committee may provide for the acceleration of the lapse of
restrictions upon the occurrence of a designated event such as a Liquidating Event or certain other circumstances, all as determined at the sole discretion of the Compensation Committee. Upon expiration of the applicable Restriction Period (or lapse
of restrictions during the Restriction Period 

  
 6 

 
where the restrictions lapse in installments), the Participant shall be entitled to receive the certificates for his or her Restricted Stock Grant or portion thereof, as the case may be. 

(d) Payment of Awards. The Compensation Committee may, in its discretion, permit a Participant to elect to receive, in
lieu of shares of unrestricted stock at the conclusion of a Restriction Period, a cash payment equal to the Fair Market Value of the Restricted Stock vesting on the date the restrictions expire. 

(e) Rights as a Stockholder. A Participant shall have, with respect to the shares of Common Stock received under a
Restricted Stock Grant, all of the rights of a stockholder of the Company, including the right to vote the shares, and the right to receive any cash dividends. Stock dividends issued and extraordinary distributions made with respect to the shares
covered by a Restricted Stock Grant shall be treated as additional shares or other amounts under the Restricted Stock Grant and shall be subject to the same restrictions and other terms and conditions that apply to shares under the Restricted Stock
Grant with respect to which such dividends are issued or other distributions made. 
 (f) Performance-Based Restricted
Stock. Performance-Based Restricted Stock is a Restricted Stock Grant subject to the terms and conditions of this Section 7 above and which in addition is intended to meet the following terms and conditions: 

(i) Unless otherwise provided in the Award agreement, a Performance-Based Restricted Stock Award shall vest only upon a
Liquidating Event that occurs within 15 years after the date of grant and that satisfies one or more of the vesting conditions set forth in clauses (A) and (B) below. 

(A) A Performance-Based Restricted Stock Award shall vest in its entirety upon a Liquidating Event which occurs within 15
years after the date of grant and that satisfies the ROI Trigger. The “ROI Trigger” shall be deemed satisfied if the Investors’ Return on Investment with respect to the Initial Investment Shares is, with respect to the time periods
set forth in the following table, equal to or in excess of the amounts set forth opposite such time period in the following table: 
  

					
	 Number of Months of Investment
	  	Investors’ Return on
Investment Required to
Achieve Trigger	 
	 Less than or equal to 36
	  	 	2.0 x	  
	 Greater than 36 but less than or equal to 48
	  	 	2.5 x	  
	 Greater than 48 but less than or equal to 60
	  	 	3.0 x	  
	 Greater than 60 but less than or equal to 72
	  	 	3.5 x	  
	 Greater than 72
	  	 	4.0 x	  

  
 7 

 For purposes of the table above, with respect to any Company securities purchased by the
Investors, the Number of Months of Investment shall equal the number of whole calendar months elapsed from the date of the Investors’ initial purchase of such securities through the date of the Liquidating Event (rounded down to the nearest
whole calendar month). 
 (B) If a Liquidating Event occurs within 15 years after the date of grant but does not result in
vesting pursuant to clause (A) above, then up to 50% of the Performance-Based Restricted Stock Award shall vest upon satisfaction of the following financial hurdles: 

(1) 25% of the Performance-Based Restricted Stock Award shall vest if upon such Liquidating Event the Compound Annual Growth
Rate of Receivables equals or exceeds 20%; and 
 (2) 25% of the Performance-Based Restricted Stock Award shall vest if upon
such Liquidating Event the Cumulative Average Return on Equity equals or exceeds 12.5%. 
 (ii) Unless otherwise provided by
the Compensation Committee, a Performance-Based Restricted Stock Award or any portion thereof which has not vested as of the date the Participant terminates employment or ceases to provide other services to the Company shall be forfeited at such
time. A Performance-Based Restricted Stock Award or any portion thereof that fails to vest upon a Liquidating Event shall be forfeited at such time. A Performance- Based Restricted Stock Award or any portion thereof that has not previously vested or
been forfeited as of the fifteenth anniversary of the date of grant shall be forfeited at such time. 
 (iii) For purposes of
the Plan, the following terms have the following meanings: 
 (1) “Compound Annual Growth Rate of
Receivables” means a percentage determined by (w) dividing the Receivables of the Company on the last day of the Measurement Period by the Receivables of the Company on the first day of the Measurement Period, (x) raising the
resulting number by a power, which power shall be a fraction, the numerator of which is 1 and the denominator of which is the total number 

  
 8 

 
days in the Measurement Period divided by 365, (y) subtracting the resulting number by one (1), and (z) converting the resulting decimal into a percentage. The calculation of Compound
Annual Growth Rate of Receivables shall be adjusted in the good faith discretion of the Compensation Committee as appropriate to account for any acquisitions of Receivables by the Company or similar corporate events. 

(2) “Cumulative Average Return on Equity” means a percentage determined by (x) dividing the Adjusted Net
Income generated over the Measurement Period by the number of full and partial years in the Measurement Period, and (y) dividing the resulting number by the average quarterly shareholders’ equity of the Company during the Measurement
Period (as reflected on the Company’s quarterly balance sheets). For purposes of this paragraph “Adjusted Net Income” shall mean net income as reflected on the Company’s financial statements, adjusted to exclude the effect of the
following items on a tax-adjusted basis: (i) any management consulting fee paid by the Company to the Investors or any affiliate of the Investors, (ii) GAAP expenses (if any) related to the initial purchase by the Investors’ of the
Company’s securities that were converted into Series 2 Preferred Stock, and (iii) any equity compensation expense. 

(3) “Customer Agreements” means, collectively, (i) each agreement pursuant to which the Company or one of
its subsidiaries has loaned or agreed to loan money to a customer, whether on a secured or unsecured basis, (ii) each promissory note delivered by a customer to the Company or one of its subsidiaries, (iii) each lease agreement evidencing
a lease of personal property by the Company or one of its subsidiaries, as lessor, and (iv) any other documents entered into by the Company, its subsidiaries or any customer in connection with the foregoing. 

(4) “Fair Market Value” means the fair market value of the subject consideration as determined in good faith
by the Board. 
 (5) “Initial Investment Shares” means the shares of Series 2 Preferred Stock acquired by
the Investors on May 10, 2012. 
 (6) “Investors” means Lovell Minnick Equity Partners III LP, Lovell
Minnick Equity Partners III-A LP, and each of their affiliated investment funds. 
 (7) “Investors’ Return
on Investment” shall be determined at the time of the Liquidating Event and shall be equal to (A) the Fair Market Value of the consideration received by the Investors for the Initial Investment Shares sold in such Liquidating Event
divided by (B) the 

  
 9 

 
purchase price paid by the Investors for such Initial Investment Shares; provided, however, that for purposes of calculating Investors’ Return on Investment with respect to the
Initial Investment Shares, an amount equal to $1.96 per share (subject to adjustment as appropriate for stock splits, stock combinations and similar events) shall be deducted from the purchase price paid. Any interim distributions to the Investors
in relation to the Initial Investment Shares prior to such Liquidating Event will be treated as money received by the Investors and credited toward the Investors’ Return on Investment. Notwithstanding the foregoing, any management consulting
fee or expense reimbursement paid by the Company to the Investors or any affiliate of the Investors shall not be treated as an “interim distribution” for purposes of the Return on Investment calculation. The determination of the
Investors’ Return on Investment shall be made by the Compensation Committee in its good faith discretion and shall be final and binding on all parties. 

(8) “Measurement Period” means March 31, 2012 through the most recent quarter ended prior to a
Liquidating Event. 
 (9) “Receivable” means any and all indebtedness and other obligations which is owed by
a customer to the Company or a subsidiary thereof, as applicable, under a Customer Agreement or any right of the Company or a subsidiary thereof, as applicable, arising in connection with the making of loans or the sale and lease of goods or the
rendering of services by the Company or such subsidiary, and includes the obligation to pay any finance charges, fees and other charges with respect thereto. 

Section 8. Deferral Elections. The Compensation Committee may permit a Participant to elect to defer his or her receipt of the
delivery of shares of Common Stock that would otherwise be due to such Participant by virtue of the exercise of an Award made under the Plan. If any such election is permitted, the Compensation Committee shall establish written rules and procedures
for such deferrals in accordance with the requirements of Code Section 409A, including the possible payment or crediting of dividend equivalents in respect of deferrals credited in units of Common Stock. 

Section 9. Termination of Employment. The terms and conditions under which an Award may be exercised after a Participant’s
termination of employment or engagement as a consultant or director shall be determined by the Compensation Committee. 

Section 10. Non-transferability of Awards; Stockholders’ Agreement. No Award under the Plan, and no rights or interests
therein, shall be assignable or transferable by a Participant except by will or the laws of descent and distribution. During the lifetime of a Participant, Stock Options are exercisable only by the Participant or his or her legal representative.
Prior to the issuance of any shares of Common Stock, whether upon exercise of any Stock Option or issuance of any Restricted Stock Grant, the Participant or other recipient of 

  
 10 

 
such Common Stock shall be required to execute and deliver either (a) a joinder to the Stockholders Agreement among the Company and its holders of capital stock or (b) a restrictive
equity agreement containing substantially the same such restrictions in form and substance approved by the Compensation Committee. 

Section 11. Adjustments Upon Changes in Capitalization, Etc.; Liquidating Event 

(a) The existence of the Plan and the Awards granted hereunder shall not affect or restrict in any way the right or power of the Board or the
stockholders of the Company to make or authorize any adjustment, recapitalization, reorganization or other change in the Company’s capital structure or its business, any merger or consolidation of the Company, any issue of bonds, other
debentures, preferred or prior preference stocks, the dissolution or liquidation of the Company or any sale or transfer of all or any part of its assets or business, or any other corporate act or proceeding. 

(b) In the event that a dividend shall be declared upon the Common Stock payable in shares of Common Stock, the number of shares of Common
Stock then subject to an Award and the number of shares reserved for issuance pursuant to the Plan but not yet covered by an Award shall be adjusted by adding to each such share the number of shares which would be distributable thereon if such share
had been outstanding on the date fixed for determining the stockholders entitled to receive such stock dividend. In the event that the outstanding shares of Common Stock shall be changed into or exchanged for a different number or kind of shares of
stock or other securities of the Company or of another corporation, whether through reorganization, recapitalization, stock split-up, combination of shares, merger, exchange of shares, consolidation or dividends payable in shares or other
securities, then there shall be substituted for each share of Common Stock subject to any Award and for each share of Common Stock reserved for issuance pursuant to the Plan but not yet covered by an Award, the number and kind of shares of stock or
other securities into which each outstanding share of Common Stock shall be so changed or for which each such share shall be exchanged. In the event there shall be any change other than as specified above in this Section 11, in the number or
kind of outstanding shares of Common Stock or of any stock or other securities into which such Common Stock shall have been changed or for which it shall have been exchanged, or if there shall occur a Liquidating Event, then if the Compensation
Committee shall in its sole discretion determine that such change equitably requires an adjustment in the number or kind of shares theretofore reserved for issuance pursuant to the Plan but not yet covered by an Award and of the shares then subject
to an Award or Awards, such adjustment shall be made by the Compensation Committee and shall be effective and binding for all purposes of the Plan and each agreement entered into with a Participant under the Plan. In the case of any such
substitution or adjustment as provided for in this Section 11, no adjustment shall be made to the aggregate Award price for the shares covered by an unexercised Stock Option; but the price per share specified in each substitute Stock Option
agreement shall be correspondingly adjusted; provided, that no adjustment shall be made with respect to an Incentive Stock Option that would constitute a modification as defined in Section 424 of the Code or that would violate
Section 409A of the Code. Any such adjustment made by the Compensation Committee shall be conclusive and binding upon all affected persons, including the Company and all Participants. No adjustment or substitution provided for in this
Section 11 

  
 11 

 
shall require the Company in any agreement with a Participant to issue a fractional share and the total substitution or adjustment with respect to each agreement with a Participant shall be
limited accordingly. For the avoidance of doubt, no adjustment shall be made under this Section 11 in connection with the Purchase and Redemption Agreement or the Recapitalization Agreement (each as defined in the Stockholders Agreement). 

(c) Unless otherwise provided in the applicable Award agreement delivered to Participant, in the event of a Liquidating Event, then any
surviving corporation or acquiring corporation (or parent thereof) may assume any Stock Options outstanding under the Plan or may substitute similar stock options of equal or greater value. In the event any surviving corporation or acquiring
corporation (or parent thereof) refuses to assume such Stock Options or to substitute similar stock options for those outstanding under the Plan, then (A) with respect to Stock Options held by Participants whose employment or other service has
not terminated, the vesting of such Stock Options shall be accelerated in full, and the Stock Options shall terminate upon closing of the Liquidating Event if not exercised before. With respect to any other Stock Options outstanding under the Plan,
such Awards shall terminate if not exercised upon closing of the Liquidating Event. In connection with a Liquidating Event, the Company or any surviving corporation or acquiring corporation shall have the right, but not the obligation, to cancel any
Stock Options as of the closing of the Liquidating Event in exchange for payment of an amount equal to the spread (if any) inherent therein (i.e. the value of the shares covered by the Stock Option minus the exercise price thereof), and the Company
or any surviving corporation or acquiring corporation (or parent thereof) shall have the right, but not the obligation, to make any such payment subject to any escrow, earn-out or other contingent or deferred payment arrangement that is contemplated
by such Liquidating Event transaction. The Company shall send advance written notice to Participants describing in reasonable detail the effect of the Liquidating Event on their Stock Options, including the fact that such Stock Options may terminate
upon closing of the Liquidating Event if not exercised before. 
 Section 12. Amendment and Termination. Without further
approval of the stockholders, the Board may at any time terminate the Plan, or may amend it from time to time in such respects as the Board may deem advisable, except that the Board may not, without approval of the stockholders, make any amendment
which would (i) require stockholder approval for Incentive Stock Options granted or to be granted under the Plan to qualify as incentive stock options within the meaning of Section 422 of the Code or (ii) require stockholder approval
under applicable law or the rules of any national securities exchange upon which the Common Stock is listed at the time such amendment is proposed. No termination, amendment or modification of the Plan shall affect in any material way any Award
previously made under the Plan without the written consent of the Participant holding such Award. 

  
 12 

 Section 13. Miscellaneous. 

(a) Tax Withholding. The Company shall have the right to deduct from any settlement, including the delivery or vesting of shares, made
under the Plan any federal, state or local taxes of any kind required by law to be withheld with respect to such payments or to take such other action as may be necessary in the opinion of the Company to satisfy all obligations for the payment of
such taxes. If Common Stock is used to satisfy tax withholding, such stock shall be valued based on the Fair Market Value when the tax withholding is required to be made, and no more than the minimum required amount of tax withholding may be
withheld in Common Stock. 
 (b) No Right To Employment. Neither the adoption of the Plan nor the granting of any Award hereunder
shall confer upon any employee, consultant or director of the Company any right to continued employment or other engagement with the Company, nor shall it interfere in any way with the right of the Company to terminate the employment or other
engagement of any of its employees, consultants or directors at any time, with or without cause. 
 (c) Securities Law Restrictions.
No shares of Common Stock shall be issued under the Plan unless counsel for the Company shall be satisfied that such issuance will be in compliance with applicable Federal and state securities laws. Certificates for shares of Common Stock delivered
under the Plan may be subject to such stop-transfer orders and other restrictions as the Compensation Committee may deem advisable under the rules, regulations, and other requirements of the Securities and Exchange Commission, any stock exchange
upon which the Common Stock is then listed, and any applicable federal or state securities law. The Compensation Committee may cause a legend or legends to be put on any such certificates to make appropriate reference to such restrictions. 

(d) Award Agreement. Each Participant receiving an Award under the Plan shall enter into an agreement with the Company in a form
specified by the Compensation Committee agreeing to the terms and conditions of the Award and such related matters as the Compensation Committee shall, in its sole discretion, determine. 

(e) Successors. All obligations of the Company under the Plan with respect to Awards granted hereunder shall be binding on any
successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger, consolidation or otherwise, of all or substantially all of the business or assets of the Company. 

(f) Costs of Plan. The costs and expenses of administering the Plan shall be borne by the Company. 

(g) Governing Law. The Plan and all actions taken thereunder shall be governed by and construed in accordance with the laws of the
State of Delaware. 
 (h) 409A. Awards under this Plan are intended to be exempt from, or to comply with, the provisions of
Section 409A of the Code, and this Plan and all Awards granted hereunder shall 

  
 13 

 
be interpreted accordingly. Notwithstanding anything herein to the contrary, the Company shall have the discretion and authority to amend this Plan or any Award granted hereunder at any time to
the extent necessary or advisable to satisfy any requirements of Section 409A of the Code or guidance published thereunder. However, in no event will the Company or any affiliate have any liability for any failure of the Plan or any Award to
satisfy Code Section 409A. 
 (i) To the extent that anything herein conflicts with the terms or conditions of an employment agreement
or in an Award duly executed and delivered by and between the Company and a Participant, the terms and conditions of the employment agreement shall control. 

  
 14

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