Document:

Tenth Amendment to Receivables Loan and Security Agreement

 Exhibit 10.18 

EXECUTION COPY 

[RESOURCE CAPITAL FUNDING II, LLC] 

FORBEARANCE, RESERVATION OF RIGHTS AND AMENDMENT 

This FORBEARANCE, RESERVATION OF RIGHTS AND AMENDMENT (this “Forbearance”), dated as of April 21, 2010, is entered
into by and among RESOURCE CAPITAL FUNDING II, LLC (the “Borrower”), LEAF FINANCIAL CORPORATION (“LEAF Financial”), as Servicer (in such capacity, the “Servicer”), MORGAN STANLEY ASSET FUNDING INC.
(“Morgan Stanley AFI”), as Lender, LYON FINANCIAL SERVICES, INC. (d/b/a U.S. Bank Portfolio Services) (the “Backup Servicer”), U.S. BANK NATIONAL ASSOCIATION, as Custodian (in such capacity, the
“Custodian”), and as Lender’s Bank (in such capacity, the “Lender’s Bank”), and MORGAN STANLEY CAPITAL SERVICES INC. (the “Qualifying Swap Counterparty”). 

BACKGROUND 
 1.
The Borrower, the Servicer, Morgan Stanley Bank, N.A. (f/k/a Morgan Stanley Bank) (“Morgan Stanley”), Morgan Stanley AFI, the Backup Servicer, the Custodian and the Lender’s Bank are parties to the Receivables Loan and Security
Agreement, dated as of October 31, 2006 (as amended, restated, supplemented or otherwise modified through the date hereof, the “RLSA”). Capitalized terms used herein but not defined herein shall have the meanings set forth in
the RLSA. 
 2. The Borrower and the Qualifying Swap Counterparty are parties to a Qualifying Interest Rate Swap, dated as of
December 22, 2006 (as amended, restated, supplemented or otherwise modified through the date hereof, and including all swap transactions entered into pursuant thereto, the “Swap Agreement”). 

3. LEAF Capital Funding III, LLC, LEAF Financial, Morgan Stanley, Morgan Stanley AFI, The Royal Bank of Scotland plc, Lyon Financial
Services, Inc. (d/b/a U.S. Bank Portfolio Services), and U.S. Bank National Association are parties to the Receivables Loan and Security Agreement, dated as of November 1, 2007 (as amended, restated, supplemented or otherwise modified through
the date hereof, the “LEAF III RLSA”). 
 4. The Borrower and the Servicer have requested that the Lender (the
“Forbearing Party”) forbear for a period of time from exercising certain of its rights under the RLSA as set forth in Section 1(a) below. Such Person is willing to agree to such forbearance, subject to the terms and
conditions hereof. 
 5. The Borrower has also requested that the Qualifying Swap Counterparty forbear for a period of time from
exercising certain of its rights under the Swap Agreement as set forth in Section 1(b) below. The Qualifying Swap Counterparty is willing to agree to such forbearance, subject to the terms and conditions hereof. 

 6. The Facility Maturity Date under the RLSA is scheduled to occur on April 22, 2010.

 7. The parties hereto desire to amend the RLSA on the terms and conditions set forth herein. 

NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto
agree as follows: 
 SECTION 1. Forbearance. 

(a) The Servicer and the Borrower hereby notify the Forbearing Party that the financial statements of LEAF Financial and
its consolidated subsidiaries for the quarter ending December 31, 2009, which were delivered to Morgan Stanley AFI by LEAF Capital Funding III, LLC, pursuant to the LEAF III RLSA, on or about April 6, 2010, showed that LEAF Financial and
its consolidated subsidiaries did not meet the required performance metric described in Section 7.01(y)(C) of the LEAF III RLSA (such condition, the “LEAF III Breach”). As a result of the LEAF III Breach, each of the
events set forth on Schedule A attached hereto under the LEAF III RLSA occurred (collectively, the “LEAF III Servicer Profitability Metric”). The occurrence of the LEAF III Servicer Profitability Metric causes each of the
events set forth on Schedule B attached hereto solely in connection with the LEAF III Breach (collectively, the “LEAF II Servicer Profitability Metric”), and entitles the Forbearing Party to exercise rights and remedies
pursuant to the RLSA and the other Transaction Documents absent the forbearance provided for hereunder. For the period commencing on April 21, 2010 and ending on the close of business on June 1, 2010 (the “Forbearance
Period”), the Forbearing Party will forbear from exercising its rights and remedies resulting solely from the LEAF II Servicer Profitability Metric. The forbearance provided herein shall not extend to any Event of Default, Program
Termination Event or Servicer Default other than the existing LEAF II Servicer Profitability Metric and all of the Forbearing Party’s rights and remedies with respect thereto are hereby reserved. Further, the forbearance provided herein shall
not derogate from the Forbearing Party’s rights to collect and/or apply proceeds of Pledged Assets to payment of outstanding liabilities as may be specifically provided for in the RLSA and the other Transaction Documents. If the foregoing
forbearance is not extended by the Forbearing Party by the end of the Forbearance Period, the performance metric described in Section 7.01(y)(C) of the LEAF III RLSA is not retroactively amended or the LEAF III Breach is not waived, the
Borrower and the Servicer hereby acknowledge that the LEAF II Servicer Profitability Metric shall exist and that the Lender shall be fully entitled to declare the Program Termination Date and exercise all other rights and remedies with respect
thereto under the RLSA and the other Transaction Documents. 
 (b) The Borrower hereby notifies the Qualifying
Swap Counterparty that one or more of the LEAF II Servicer Profitability Metric constitutes the “Event of Default” (as defined in the Swap Agreement) set forth in clause (1) of Section 5(a)(vi) of the Swap Agreement
and entitles the Qualifying Swap Counterparty to exercise remedies pursuant thereto absent the forbearance provided for hereunder. The Qualifying Swap Counterparty hereby agrees to forbear from exercising its rights and remedies resulting

  

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solely from such “Event of Default” or the LEAF III Breach and each of the Qualifying Swap Counterparty and the Borrower hereby agrees that the “Early Termination Date” under
(and as defined in) the Swap Agreement shall not be declared as a result of such “Event of Default” during the Forbearance Period. If the foregoing forbearance is not extended by the Qualifying Swap Counterparty by the end of the
Forbearance Period, the performance metric described in Section 7.01(y)(C) of the LEAF III RLSA is not retroactively amended or the LEAF III Breach is not waived, the Borrower hereby acknowledges that such “Event of Default”
shall exist under the Swap Agreement and that the Qualifying Swap Counterparty shall be fully entitled to exercise all rights and remedies with respect thereto under the Swap Agreement. 

SECTION 2. RLSA Amendments. The RLSA is hereby amended as follows: 

(a) The definition of “Facility Maturity Date” set forth in Section 1.01 of the RLSA is
amended by replacing the date “April 22, 2010” where it appears therein with the date “June 1, 2010”. 

(b) Section 5.01(z) of the RLSA is amended by deleting the first sentence thereof. 

(c) Section 5.03 of the RLSA is replaced in its entirety with the following: 

Section 5.03 Covenant of Lender, Collateral Agent and Lender’s Bank. The Lender, the Collateral Agent and
the Lender’s Bank each agree that it shall have no right, title or interest in and to any payments made by any Obligor (or obligor which is not an “Obligor” hereunder) that are deposited into the Lockbox Account or the Collection
Account which do not constitute Collections. Upon its knowledge of receipt of any such amount, such Person shall notify the Borrower thereof and distribute to the Borrower within three (3) Business Days such amounts in accordance with written
instruction delivered by Borrower to such Person. 
 SECTION 3. Representations and Warranties. Each of the Borrower and
Servicer represents and warrants that: 
 (a) except as expressly described in Section 1 above, no
event or condition has occurred and is continuing which would constitute an Event of Default, a Program Termination Event, a Servicer Default, a “Termination Event” under the Swap Agreement, an “Event of Default” under the Swap
Agreement, or any event that, if it continued uncured, with the lapse of time or notice, or both, would constitute any of the foregoing events; and 

(b) except as expressly described in Section 1 above, its representations and warranties set forth in the
RLSA, the Swap Agreement and the other Transaction Documents are true and correct as of the date hereof, as though made on and as of such date (except to the extent such representations and warranties relate solely to an earlier date and then as of
such earlier date), and such representations and warranties shall continue to be true and correct (to such extent) after giving effect to the transactions contemplated hereby. 

 

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 SECTION 4. Effect of Forbearance; Ratification. Except as expressly set forth herein,
the RLSA, the Swap Agreement and each of the other Transaction Documents remain in full force and effect and are hereby ratified. This Forbearance shall not be deemed to expressly or impliedly waive, amend, or supplement any provision of the RLSA or
the Swap Agreement other than as specifically set forth herein. 
 SECTION 5. Expenses. The Borrower agrees to pay on
demand all reasonable costs and expenses of the Forbearing Parties and the Qualifying Swap Counterparty (including costs and expenses of counsel for the Forbearing Parties and the Qualifying Swap Counterparty) incurred in connection with the
preparation, execution and delivery of this Forbearance. 
 SECTION 6. Counterparts. This Forbearance may be executed in
any number of counterparts and by different parties on separate counterparts, and each counterpart shall be deemed to be an original, and all such counterparts shall together constitute but one and the same instrument. 

SECTION 7. Governing Law. This Forbearance shall be governed by, and construed in accordance with, the internal laws of the State
of New York without regard to the conflicts of law principles thereof (other than Section 5-1401 of the New York General Obligations Law). 

SECTION 8. Section Headings. The various headings of this Forbearance are inserted for convenience only and shall not affect the
meaning or interpretation of this Forbearance or any provision hereof. 
 SECTION 9. Entire Agreement. This Forbearance
is intended by the parties hereto to be the final expression of their agreement with respect to the subject matter hereof, and is the complete and exclusive statement of the terms thereof, notwithstanding any representations, statements or
agreements to the contrary heretofore made. 
 [SIGNATURE PAGES FOLLOW] 

 

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 IN WITNESS WHEREOF, the parties have executed this Forbearance as of the date first written
above. 
  

			
	 RESOURCE CAPITAL FUNDING II, LLC,

as Borrower

		
	By:	 	  

	Name:	 	
	Title:	 	
	
	 LEAF FINANCIAL CORPORATION,

as Servicer

		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		  	S-1	  	 Forbearance, Reservation of Rights

and Amendment (Resource

Capital Funding II, LLC)

			
	 MORGAN STANLEY ASSET FUNDING INC.,

as Lender

		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		  	S-2	  	 Forbearance, Reservation of Rights

and Amendment (Resource

Capital Funding II, LLC)

			
	 LYON FINANCIAL SERVICES, INC.

(d/b/a U.S. Bank Portfolio Services),
 as
Backup Servicer

		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		  	S-3	  	 Forbearance, Reservation of Rights

and Amendment (Resource

Capital Funding II, LLC)

			
	 U.S. BANK NATIONAL ASSOCIATION,

as Custodian and as Lender’s Bank

		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		  	S-4	  	 Forbearance, Reservation of Rights

and Amendment (Resource

Capital Funding II, LLC)

			
	 MORGAN STANLEY CAPITAL SERVICES INC.,

as Qualifying Swap Counterparty

		
	By:	 	  

	Name:	 	
	Title:	 	

  

					
		  	S-5	  	 Forbearance, Reservation of Rights

and Amendment (Resource

Capital Funding II, LLC)

 SCHEDULE A 

“LEAF III Servicer Profitability Metric” means the occurrence of any of the following events: 

(i) the Event of Default set forth in Section 7.01(k) of the LEAF III RLSA, 

(ii) the Event of Default set forth in Section 7.01(n) of the LEAF III RLSA, 

(iii) the Event of Default set forth in Section 7.01(s) of the LEAF III RLSA, 

(iv) the Event of Default set forth in Section 7.01(y)(C) of the LEAF III RLSA, 

(v) the Event of Default set forth in Section 7.01(z) of the LEAF III RLSA, 

(vi) the Program Termination Event set forth in clause (ii) of the definition thereof in the LEAF III RLSA, 

(vii) the Program Termination Event set forth in clause (x) of the definition thereof in the LEAF III RLSA, 

(viii) the Program Termination Event set forth in clause (xi)(2) of the definition thereof in the LEAF III RLSA and 

(ix) the Servicer Default set forth in clause (iv) of the definition thereof in the LEAF III RLSA. 

 

 A-1 

 SCHEDULE B 

“LEAF II Servicer Profitability Metric” means the occurrence of any of the following events: 

(i) the Event of Default set forth in Section 7.01(k) of the RLSA, 

(ii) the Event of Default set forth in Section 7.01(n) of the RLSA, 

(iii) the Event of Default set forth in Section 7.01(q) of the RLSA, 

(iv) the Event of Default set forth in Section 7.01(r) of the RLSA, 

(v) the Program Termination Event set forth in clause (ii) of the definition thereof in the RLSA, 

(vi) the Program Termination Event set forth in clause (x) of the definition thereof in the RLSA, 

(vii) the Program Termination Event set forth in clause (xi)(2) of the definition thereof in the RLSA and 

(viii) the Servicer Default set forth in clause (iv) of the definition thereof in the RLSA. 

 

 B-1Amendment No. 11 to the HVB Agreement

 Exhibit 10.19 

EXECUTION COPY 

AMENDMENT NO. 11 TO RECEIVABLES LOAN AND SECURITY AGREEMENT 

This AMENDMENT NO. 11 TO RECEIVABLES LOAN AND SECURITY AGREEMENT, (this “Amendment”) is dated as of April 30, 2010,
by and among Resource Capital Funding, LLC, as borrower (“Borrower”), LEAF Financial Corporation (“LEAF Financial”), as Servicer, Black Forest Funding LLC (f/k/a Black Forest Funding Corporation) (“Black
Forest”) and the other lenders party thereto from time to time, UniCredit Bank AG, New York Branch (f/k/a Bayerische Hypo-und Vereinsbank AG, New York Branch) (“HVB”), as agent (the “Agent”), U.S. Bank
National Association, as the custodian and the agent’s bank and Lyon Financial Services, Inc. (d/b/a U.S. Bank Portfolio Services), as the backup servicer. Capitalized terms used but not defined herein have the meanings provided in the RLSA (as
defined below). 
 R E C I T A L S 

WHEREAS, the above-named parties have entered into the Receivables Loan and Security Agreement, dated as of March 31, 2006
(such agreement as amended, modified, supplemented, waived or restated from time to time, the “RLSA”), and, pursuant to and in accordance with Section 9.01 thereof, the parties hereto desire to amend the RLSA in certain
respects, as provided herein. 
 NOW, THEREFORE, based upon the above Recitals, the mutual premises and agreements
contained herein, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto, intending to be legally bound, hereby agree as follows: 

SECTION 1. AMENDMENT. 

(a) Section 1.01(b) of the RLSA is hereby amended as follows: 

(i) by adding the following term in the proper alphabetical order: 

“Aggregate Notional Amount” has the meaning assigned to that term in Section 5.01(t).

 (ii) by adding the following term in the proper alphabetical order: 

“Eleventh Amendment Date” means April 30, 2010. 

(iii) by amending the definition of “Eligible Pool B Receivable” by inserting the proviso “;
provided that, notwithstanding anything to the contrary herein, no Pool B Receivable acquired by the Borrower on or after April 30, 2010 shall be an “Eligible Pool B Receivable”” immediately before the period at the end of
the definition. 
 (iv) by amending the definition of “Equipment Category Percentage” as follows:

 (1) by replacing the percentage “2%” appearing at the end of
subclause (2) thereof with the percentage “0%”; 
 (2) by replacing the percentage “20%”
appearing at the end of subclause (5) thereof with the percentage “15%”; 
 (3) by replacing the
percentage “10%” appearing at the end of subclause (7) thereof with the percentage “2%”; 

(4) by inserting immediately after subclause (7) thereof the following new subclauses (8) and (9): 

(8) for Equipment Categories “4.001 through 4.017 (other than 4.009) and 4.999-Medical Equipment”: 15%; and

 (9) for Equipment Category “4.009-Dental Equipment”: 15%; 

(5) by renumbering subclause (8) thereof as subclause (10) thereof; 

(v) by amending and restating the definition of “Facility Maturity Date” in its entirety as follows: 

“Facility Maturity Date” means March 30, 2011. 

(vi) by amending the definition of “Global Overconcentration Amount” as follows: 

(i) by replacing the figure “$3,000,000” in subclause (i) thereof with the phrase “1.5% of the sum of
the Discounted Balances of all Eligible Receivables at such time”; 
 (ii) by replacing the word
“three” in subclause (ii) thereof with the word “fifteen”; 
 (iii) by replacing the
percentage “25%” in subclause (v) thereof with the percentage “19%”; 
 (iv) by amending
and restating subclause (xi) thereof in its entirety as follows: 
 [Reserved]; and 

(vii) by amending the definition of “Minimum Tangible Net Worth” by replacing the figure “$17,000,000”
appearing in the second line of subclause (i) thereof with the figure “$35,000,000” and replacing the date “June 30, 2008” appearing in the fourth line of subclause (i) thereof with the date “December 31,
2009”; 
 (viii) by amending the definition of “Pool A Advance Rate Factor” by replacing the
figure “2.5” in subclause (a) thereof with the figure “4”; 
  

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 (ix) by amending the definition of “Pool A Borrowing Base” by
replacing the percentage “89%” in subclause (ii) thereof with the words “(x) prior to May 31, 2010, 89% (y) on and after May 31, 2010 but prior to June 30, 2010, 87% and (z) on and after June 30,
2010, 85%”. 
 (x) by amending the definition of “Pool A Overconcentration Amount” by replacing
the percentage “35%” in the third line of subclause (vii) thereof with the percentage “15%”; 

(xi) by amending the definition of “Pool A Overconcentration Amount” by replacing the percentage “2%”
in the third line of subclause (viii) thereof with the percentage “0%”; 
 (xii) by amending the
definition of “Program Termination Event” by inserting the phrase “(including, without limitation, Section 5.01(t))” immediately after the words “Qualifying Interest Rate Swaps” appearing in the sixth line of
subclause (viii) thereof; 
 (xiii) by amending the definition of “Receivable File” by amending
and restating the last paragraph of the definition as follows: 
 In addition, if the Obligor Collateral related
to such Receivable (other than a Vehicle Sublimit Pledged Receivable) is a Vehicle, the related Receivable File shall include the original copy of the Certificate of Title with respect to such Vehicle which such Certificate of Title notes the owner
of such Vehicle as being the Borrower and indicates (x) prior to the Eleventh Amendment Date, “Bayerische Hypo- und Vereinsbank AG, New York Branch, as Agent” and (y) on and after the Eleventh Amendment Date, “UniCredit Bank
AG, New York Branch, as Agent” as the sole lienholder with respect to such Vehicle or (prior to the 90th day after such Receivable was first included in the calculation of the Eligible Receivables Balance, if such Certificate of Title has not
yet been received by the Servicer or the Borrower) a copy of the application for such Certificate of Title. 

(xiv) by adding the following term in the proper alphabetical order: 

“Required Swap Amount” shall mean, as of any date of determination, an amount which is within 10% (plus
or minus) of the Loans Outstanding as of such date. 
 (xv) by amending and restating the definition of
“Vehicle Sublimit Pledged Receivable” in its entirety as follows: 
 “Vehicle Sublimit Pledged
Receivable” means a Pledged Receivable, with respect to which the related Obligor Collateral or Underlying Collateral is a Vehicle or other type of equipment which requires a security interest therein to be noted on the certificate of title
with respect thereto in order to be perfected, but the Borrower has not forwarded to the Custodian for inclusion in the appropriate Receivable File an original Certificate of Title which indicates the owner of the related Vehicle as being the
Borrower and indicates (i) prior to the Eleventh Amendment Date, “Bayerische Hypo- und Vereinsbank 
  

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AG, New York Branch, as Agent” and (ii) for newly Pledged Receivables on and after the Eleventh Amendment Date, “UniCredit Bank AG, New York Branch, as Agent” as the sole
lienholder with respect to such Vehicle. 
 (b) Section 2.01 of the RLSA is hereby amended by (a) inserting the
following proviso immediately before the period at the end of the first sentence “; provided that, notwithstanding anything to the contrary in this Section 2.01 or in any other provision of this Agreement, no Loans shall be
made from and including April 30, 2010 until and including June 30, 2010” and (b) inserting the following proviso immediately before the period at the end of the second sentence: “; provided that, notwithstanding
anything to the contrary in this Section 2.01 or in any other provision of this Agreement, on and after April 30, 2010, no Loans shall be made with respect to any Pool B Receivables”. 

(c) Section 3.02(c)(ix) of the RLSA is hereby amended and restated in its entirety as follows: 

(xi) if the Obligor Collateral related to any Receivable (other than a Vehicle Sublimit Pledged Receivable) securing such
Borrowing is a Vehicle, the Borrower shall have delivered to the applicable Registrar of Titles an application for a Certificate of Title for such Vehicle which such Certificate of Title shall indicate the Borrower as the owner of the related
Vehicle and indicate (x) prior to the Eleventh Amendment Date, “Bayerische Hypo- und Vereinsbank AG, New York Branch, as Agent” and (y) for newly Pledged Receivables on and after the Eleventh Amendment Date, “UniCredit Bank
AG, New York Branch, as Agent” as the sole lienholder with respect to such Vehicle; and 
 (d) Section 5.01(t) of the
RLSA is hereby amended and restated in its entirety as follows: 
 (t) On each Remittance Date, the aggregate of
the then outstanding notional amounts (the “Aggregate Notional Amount”) of all Qualifying Interest Rate Swaps (each of which shall be in form and substance satisfactory to the Agent) in effect between the Borrower and a Qualifying
Swap Counterparty shall be equal to the Required Swap Amount, and any amounts required to have been paid under any such Qualifying Interest Rate Swap as of such Remittance Date shall have been paid and any obligations required to have been performed
thereunder as of such Remittance Date shall have been performed. 
 (e) Section 6.24 of the RLSA is hereby amended and
restated in its entirety as follows: 
 Section 6.24. Receipt of Certificates of Title. Any
Receivable (other than a Vehicle Sublimit Pledged Receivable) with respect to which the Obligor Collateral includes a Vehicle and for which the Servicer shall not have (i) received a Certificate of Title indicating the Borrower as the owner of
the related Vehicle and (x) prior to the Eleventh Amendment Date, “Bayerische Hypo- und Vereinsbank AG, New York Branch, as Agent” and (y) for newly Pledged Receivables on and after the Eleventh Amendment Date, “UniCredit
Bank AG, New York Branch, as Agent” as the sole lienholder with 
  

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respect to such Vehicle from the applicable Registrar of Titles and (ii) delivered such Certificate of Title to the Custodian within 90 days of the first day of inclusion of such Pledged
Receivable in the calculation of the Eligible Receivables Balance, shall no longer be deemed to be an Eligible Receivable and, therefore, shall no longer be included in the calculation of the Eligible Receivables Balance. In the case of any
Receivable excluded from the calculation of the Eligible Receivables Balance pursuant to the previous sentence, the Receivable so excluded from the calculation of the Eligible Receivables Balance may at a later time be included in the calculation of
the Eligible Receivables Balance, provided, that (i) the Custodian shall have received the Certificate of Title described above with respect to such Receivable from the applicable Registrar of Titles and delivered such Certificate of
Title to the Custodian and (ii) such Receivable is otherwise an Eligible Receivable at such time. 
 (f)
Section 7.01(n) of the RLSA is hereby amended by adding the words “(including, without limitation, the requirement set forth in Section 5.01(t))” following the words “any hedging requirement hereunder” in subclause
(ii) thereof. 
 (g) For the avoidance of doubt, the word “BUFCO”, which was deleted from Section 9.01(c)
pursuant to the ninth amendment to the RLSA, is replaced with the word “Issuer”. 
 (h) Section 24 of Schedule
III-A to the RLSA is hereby amended and restated in its entirety as follows: 
 24. If the Obligor Collateral
related to such Contract (other than a Contract related to a Vehicle Sublimit Pledged Receivable) includes a Vehicle, the Borrower or the Servicer shall have delivered to the applicable Registrar of Titles an application for a Certificate of Title
for such Vehicle which such Certificate of Title shall indicate the Borrower as the owner of the related Vehicle and indicate (x) prior to the Eleventh Amendment Date, “Bayerische Hypo- und Vereinsbank AG, New York Branch, as Agent”
and (y) for newly Pledged Receivables on and after the Eleventh Amendment Date, “UniCredit Bank AG, New York Branch, as Agent” as the sole lienholder with respect to such Vehicle. 

(i) Section 24 of Schedule III-C to the RLSA is hereby amended and restated in its entirety as follows: 

24. If the Underlying Collateral related to such Underlying Contract (other than an Underlying Contract related to a
Vehicle Sublimit Pledged Receivable) includes a Vehicle, the Borrower or the Servicer shall have delivered to the applicable Registrar of Titles an application for a Certificate of Title for such Vehicle which such Certificate of Title shall
indicate (x) prior to the Eleventh Amendment Date, “Bayerische Hypo- und Vereinsbank AG, New York Branch, as Agent” and (y) for newly Pledged Receivables on and after the Eleventh Amendment Date, “UniCredit Bank AG, New York
Branch, as Agent” as the sole lienholder with respect to such Vehicle. 
 SECTION 2. AGREEMENT IN FULL FORCE AND
EFFECT AS AMENDED. 
  

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 Except as specifically amended hereby, all provisions of the RLSA shall remain in full force
and effect. After this Amendment becomes effective, all references to the RLSA, and corresponding references thereto or therein such as “hereof”, “herein”, or words of similar effect referring to the RLSA shall be deemed to mean
the RLSA as amended hereby. This Amendment shall not be deemed to expressly or impliedly waive, amend or supplement any provision of the RLSA other than as expressly set forth herein. 

SECTION 3. REPRESENTATIONS. 

Each of the Servicer and the Borrower, severally for itself only, represents and warrants as of the date of this Amendment as follows:

 (a) it is duly incorporated or organized, validly existing and in good standing under the laws of its jurisdiction of
incorporation or organization; 
 (b) the execution, delivery and performance by it of this Amendment and the RLSA as amended
hereby are within its powers, have been duly authorized, and do not contravene (A) its charter, by-laws, or other organizational documents, or (B) any applicable law; 

(c) no consent, license, permit, approval or authorization of, or registration, filing or declaration with any governmental authority, is
required in connection with the execution, delivery, performance, validity or enforceability of this Amendment and the RLSA as amended hereby by or against it; 

(d) this Amendment has been duly executed and delivered by it; 

(e) each of this Amendment and the RLSA as amended hereby constitutes its legal, valid and binding obligation enforceable against it in
accordance with its terms, except as enforceability may be limited by applicable bankruptcy, insolvency, reorganization, moratorium or similar laws affecting the enforcement of creditors’ rights generally or by general principles of equity; and

 (f) there is no Event of Default, Unmatured Event of Default, Servicer Default, Program Termination Event, Pool A Termination
Event or Pool B Termination Event. 
 SECTION 4. CONDITIONS TO EFFECTIVENESS. 

(a) The effectiveness of this Amendment is conditioned upon delivery of duly executed signature pages by all parties hereto to the Agent.

 (b) The effectiveness of this Amendment is conditioned upon the receipt by the Agent of a written confirmation from each of
S&P and Moody’s that this Amendment shall not cause the rating of the outstanding commercial paper notes issued by Issuer to be downgraded to a level less than A 1/P-1, as applicable, or withdrawn. 

SECTION 5. MISCELLANEOUS. 
  

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 (a) On or prior to June 30, 2010, the Borrower may propose modifications to the first
column in the table appearing in the definition of “Vendor Overconcentration Limit”. Such proposed modifications shall be subject to the written approval of the Agent, in its sole discretion. Upon the written approval, if applicable, by
the Agent of any such modifications, the parties hereto agree that the table appearing in the definition of “Vendor Overconcentration Limit” shall be deemed to be amended to reflect such approved modifications without any further action by
the parties hereto. 
 (b) This Amendment may be executed in any number of counterparts (including by facsimile), and by the
different parties hereto on the same or separate counterparts, each of which shall be deemed to be an original instrument but all of which together shall constitute one and the same agreement. 

(c) The descriptive headings of the various sections of this Amendment are inserted for convenience of reference only and shall not be
deemed to affect the meaning or construction of any of the provisions hereof. 
 (d) This Amendment may not be amended or
otherwise modified except as provided in the RLSA. 
 (e) The failure or unenforceability of any provision hereof shall not
affect the other provisions of this Amendment. 
 (f) Whenever the context and construction so require, all words used in the
singular number herein shall be deemed to have been used in the plural number, and vice versa, and the masculine gender shall include the feminine and neuter and the neuter shall include the masculine and feminine. 

(g) This Amendment and the RLSA represent the final agreement among the parties with respect to the matters set forth therein and may not
be contradicted by evidence of prior, contemporaneous or subsequent oral agreements among the parties. There are no unwritten oral agreements among the parties with respect to such matters. 

(h) THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES UNDER THIS AMENDMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE
WITH THE CHOICE OF LAW PROVISIONS SET FORTH IN THE RLSA AND SHALL BE SUBJECT TO THE WAIVER OF JURY TRIAL AND NOTICE PROVISIONS OF THE RLSA. 

[Remainder of Page Intentionally Left Blank] 
  

 - 7 - 

 IN WITNESS WHEREOF, the parties have caused this Amendment No. 11 to be executed
by their respective officers thereunto duly authorized, as of the date first above written. 
  

					
	THE BORROWER	 	RESOURCE CAPITAL FUNDING, LLC
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
		
	THE SERVICER	 	LEAF FINANCIAL CORPORATION
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

 [SIGNATURES CONTINUED ON FOLLOWING
PAGE] 

 IN WITNESS WHEREOF, the parties have caused this Amendment No. 11 to be executed
by their respective officers thereunto duly authorized, as of the date first above written. 
  

					
	THE LENDER	 	BLACK FOREST FUNDING LLC
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
		
	THE AGENT	 	UNICREDIT BANK AG, NEW YORK BRANCH
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

 [SIGNATURES CONTINUED ON FOLLOWING
PAGE] 

 IN WITNESS WHEREOF, the parties have caused this Amendment No. 11 to be executed
by their respective officers thereunto duly authorized, as of the date first above written. 
  

					
	THE CUSTODIAN	 	 U. S. BANK NATIONAL ASSOCIATION,

not in its individual capacity but solely as Custodian

			
		 	By:	 	  

		 		 	Name:
		 		 	Title:
		
	THE AGENT’S BANK	 	 U. S. BANK NATIONAL ASSOCIATION,

not in its individual capacity but solely as Agent’s Bank

			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

 [SIGNATURES CONTINUED ON FOLLOWING
PAGE] 

 IN WITNESS WHEREOF, the parties have caused this Amendment No. 11 to be executed
by their respective officers thereunto duly authorized, as of the date first above written. 
  

					
	THE BACKUP SERVICER	 	 LYON FINANCIAL SERVICES, INC.

(d/b/a U.S. BANK PORTFOLIO SERVICES), not in its individual capacity but solely as Backup Servicer

			
		 	By:	 	  

		 		 	Name:
		 		 	Title:

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00174-of-00352.parquet"}]]