Document:

EX-10.48

 Exhibit 10.48 

EXECUTION VERSION 

GUARANTY AND SECURITY AGREEMENT 

Dated as of November 17, 2016 

by 
 CURO RECEIVABLES
FINANCE I, LLC, 
 as the Borrower Agent, 

and 
 EACH OTHER GRANTOR

 FROM TIME TO TIME PARTY HERETO 

in favor of 
 VICTORY
PARK MANAGEMENT, LLC, 
 as Agent 

 TABLE OF CONTENTS 

 

							
	 	 	 	  	Page	 
		
	 ARTICLE I DEFINED TERMS
	  	 	1	 
	 Section 1.1
	 	Definitions	  	 	1	 
	 Section 1.2
	 	Certain Other Terms	  	 	5	 
		
	 ARTICLE II GUARANTY
	  	 	6	 
	 Section 2.1
	 	Guaranty	  	 	6	 
	 Section 2.2
	 	Limitation of Guaranty	  	 	6	 
	 Section 2.3
	 	Contribution	  	 	6	 
	 Section 2.4
	 	Authorization; Other Agreements	  	 	7	 
	 Section 2.5
	 	Guaranty Absolute and Unconditional	  	 	7	 
	 Section 2.6
	 	Waivers	  	 	8	 
	 Section 2.7
	 	Reliance	  	 	9	 
		
	 ARTICLE III GRANT OF SECURITY INTEREST
	  	 	9	 
	 Section 3.1
	 	Collateral	  	 	9	 
	 Section 3.2
	 	Grant of Security Interest in Collateral	  	 	10	 
		
	 ARTICLE IV REPRESENTATIONS AND WARRANTIES
	  	 	10	 
	 Section 4.1
	 	Title; No Other Liens	  	 	10	 
	 Section 4.2
	 	Perfection and Priority	  	 	10	 
	 Section 4.3
	 	Pledged Collateral	  	 	11	 
	 Section 4.4
	 	Instruments and Tangible Chattel Paper Formerly Accounts	  	 	12	 
	 Section 4.5
	 	Intellectual Property	  	 	12	 
	 Section 4.6
	 	Commercial Tort Claims	  	 	12	 
	 Section 4.7
	 	Specific Collateral	  	 	12	 
	 Section 4.8
	 	Enforcement	  	 	12	 
	 Section 4.9
	 	Stock	  	 	13	 
		
	 ARTICLE V COVENANTS
	  	 	13	 
	 Section 5.1
	 	Maintenance of Perfected Security Interest; Further Documentation and Consents	  	 	13	 
	 Section 5.2
	 	Pledged Collateral	  	 	14	 
	 Section 5.3
	 	Intentionally Omitted	  	 	15	 
	 Section 5.4
	 	Commodity Contracts	  	 	15	 
	 Section 5.5
	 	Delivery of Instruments and Tangible Chattel Paper and Control of Investment Property, Letter-of-Credit Rights and Electronic Chattel
Paper	  	 	15	 
	 Section 5.6
	 	Intellectual Property	  	 	16	 
	 Section 5.7
	 	Notices	  	 	17	 
	 Section 5.8
	 	Notice of Commercial Tort Claims	  	 	17	 
	 Section 5.9
	 	Controlled Securities Account	  	 	18	 

  
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 TABLE OF CONTENTS 

(continued) 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE VI REMEDIAL PROVISIONS
	  	 	18	 
	 Section 6.1
	 	Code and Other Remedies	  	 	18	 
	 Section 6.2
	 	Accounts and Payments in Respect of General Intangibles	  	 	21	 
	 Section 6.3
	 	Pledged Collateral	  	 	22	 
	 Section 6.4
	 	Proceeds to be Turned over to and Held by Agent	  	 	23	 
	 Section 6.5
	 	Sale of Pledged Collateral	  	 	23	 
	 Section 6.6
	 	Deficiency	  	 	24	 
		
	 ARTICLE VII AGENT
	  	 	24	 
	 Section 7.1
	 	Agent’s Appointment as Attorney-in-Fact	  	 	24	 
	 Section 7.2
	 	Authorization to File Financing Statements	  	 	26	 
	 Section 7.3
	 	Authority of Agent	  	 	26	 
	 Section 7.4
	 	Duty; Obligations and Liabilities	  	 	26	 
		
	 ARTICLE VIII MISCELLANEOUS
	  	 	27	 
	 Section 8.1
	 	Reinstatement	  	 	27	 
	 Section 8.2
	 	Release of Collateral	  	 	27	 
	 Section 8.3
	 	Independent Obligations	  	 	28	 
	 Section 8.4
	 	No Waiver by Course of Conduct	  	 	28	 
	 Section 8.5
	 	Amendments in Writing	  	 	28	 
	 Section 8.6
	 	Additional Grantors; Additional Pledged Collateral	  	 	28	 
	 Section 8.7
	 	Notices	  	 	29	 
	 Section 8.8
	 	Successors and Assigns	  	 	29	 
	 Section 8.9
	 	Counterparts	  	 	29	 
	 Section 8.10
	 	Severability	  	 	29	 
	 Section 8.11
	 	Governing Law	  	 	29	 
	 Section 8.12
	 	Waiver of Jury Trial	  	 	29	 

  
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 ANNEXES AND SCHEDULES 
  

			
	 Annex 1
	  	 Form of Pledge Amendment

	 Annex 2
	  	 Form of Joinder Agreement

	 Annex 3
	  	 Form of Intellectual Property Security Agreement

		
	 Schedule 1
	  	 Commercial Tort Claims

	 Schedule 2
	  	 Filings

	 Schedule 3
	  	 Pledged Collateral

	 Schedule 4
	  	 Intellectual Property

  
  

  
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 GUARANTY AND SECURITY AGREEMENT, dated as of November 17, 2016, by CURO Receivables Finance
I, LLC, a Delaware limited liability company (the “Borrower Agent”), CURO Receivables Holdings I, LLC, a Delaware limited liability company (“SPV Guarantor”) and each of the other entities listed on the signature
pages hereof or that becomes a party hereto pursuant to Section 8.6 (together with the Borrower Agent and the SPV Guarantor, the “Grantors” and each, a “Grantor”), in favor of Victory Park
Management, LLC (“VPC”), as agent (in such capacity, together with its successors and permitted assigns, “Agent”) for the Lenders and Holders (as defined in the Loan Agreement referred to below). 

W I T N E S S E T H: 
 WHEREAS,
pursuant to the Loan Agreement dated as of the date hereof (as the same may be amended, restated, supplemented or otherwise modified from time to time, the “Loan Agreement”) by and among the Borrower Agent, the other Borrowers party
thereto from time to time, VPC, as agent for Lenders and Holders, and the financial institutions from time to time party thereto as Lenders, the Lenders have severally agreed to make extensions of credit to the Borrowers upon the terms and subject
to the conditions set forth therein; 
 WHEREAS, each Grantor (other than the Borrower Agent) has agreed to guaranty the Obligations (as
defined in the Loan Agreement) and/or to grant a security interest in its portion of the Collateral; 
 WHEREAS, each Grantor will derive
substantial direct and indirect benefits from the making of the extensions of credit under the Loan Agreement; and 
 WHEREAS, it is a
condition precedent to the obligation of the Lenders to make their respective extensions of credit to the Borrowers under the Loan Agreement that the Grantors shall have executed and delivered this Agreement to Agent. 

NOW, THEREFORE, in consideration of the premises and to induce the Lenders and Agent to enter into the Loan Agreement and to induce the
Lenders to make their respective extensions of credit to the Borrowers thereunder, each Grantor hereby agrees with Agent as follows: 

ARTICLE I 
 DEFINED
TERMS 
 Section 1.1 Definitions. 

(a) Capitalized terms used herein without definition are used as defined in the Loan Agreement. 

(b) The following terms have the meanings given to them in the UCC and terms used herein without definition that are defined in the UCC have
the meanings given to them in the UCC (such meanings to be equally applicable to both the singular and plural forms of the terms defined): “account”, “account debtor”,
“as-extracted collateral”, “certificated security”, “chattel paper”, “commercial tort claim”, “commodity contract”,
“deposit account”, 

 
“electronic chattel paper”, “equipment”, “farm products”, “fixture”, “general intangible”,
“goods”, “health-care-insurance receivable”, “instruments”, “inventory ”, “investment property”, “letter-of-credit right”, “proceeds”, “record”, “securities account”, “security”, “supporting obligation” and
“tangible chattel paper”. 
 (c) The following terms shall have the following meanings: 

“Agreement” means this Guaranty and Security Agreement. 

“Applicable IP Office” means the United States Patent and Trademark Office or the United States Copyright Office. 

“Cash Collateral Account” means a deposit account or securities account subject, in each instance, to a Control Agreement.

 “Collateral” has the meaning specified in Section 3.1. 

“Controlled Securities Account” means each securities account (including all financial assets held therein and all
certificates and instruments, if any, representing or evidencing such financial assets) that is the subject of an effective Control Agreement. 

“Copyrights” means all rights, title and interests (and all related IP Ancillary Rights) arising under any Requirement of Law
in copyrights and all mask work, database and design rights, whether or not registered or published, all registrations and recordations thereof and all applications in connection therewith. 

“Excluded Property” means, collectively, (i) any permit or license or any Contractual Obligation entered into by any
Grantor (A) that prohibits or requires the consent of any Person other than a Borrower, Guarantor and their Affiliates which has not been obtained as a condition to the creation by such Grantor of a Lien on any right, title or interest in such
permit, license or Contractual Obligation or any Stock related thereto or (B) to the extent that any Requirement of Law applicable thereto prohibits the creation of a Lien thereon, but only, with respect to the prohibition in (A) and (B),
to the extent, and for as long as, such prohibition is not terminated or rendered unenforceable or otherwise deemed ineffective by the UCC or any other Requirement of Law, (ii) Property owned by any Grantor that is subject to a purchase money
Lien, a capital lease or similar arrangement permitted under the Loan Agreement if the Contractual Obligation pursuant to which such Lien is granted (or in the document providing for such capital lease) prohibits or requires the consent of any
Person other than a Borrower, Guarantor and their Affiliates which has not been obtained as a condition to the creation of any other Lien on such equipment or creates a right of termination in favor of any other party thereto, (iii) any “intent
to use” Trademark applications for which a statement of use has not been filed (but only until such statement is filed with the United States Patent and Trademark Office), and (iv) Property released from the Lien of the Agent pursuant to the
Loan Agreement, including without limitation any amounts payable to the Borrowers pursuant to Section 2.4, clause Seventh, of the Loan Agreement; provided, however, “Excluded Property” shall not include any
proceeds, products, substitutions or replacements of Excluded Property (unless such proceeds, products, substitutions or replacements would otherwise constitute Excluded Property). 

 

  
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 “Fraudulent Transfer Laws” has the meaning set forth in
Section 2.2. 
 “Guaranteed Obligations” has the meaning set forth in
Section 2.1. 
 “Guarantor” means each Grantor other than the Borrower Agent. 

“Guaranty” means the guaranty of the Guaranteed Obligations made by the Guarantors as set forth in this Agreement. 

“Internet Domain Name” means all right, title and interest (and all related IP Ancillary Rights) arising under any
Requirement of Law in or relating to Internet domain names. 
 “Intellectual Property” means all rights, title and
interests in intellectual property arising under any Requirement of Law and all related IP Ancillary Rights related thereto, including all Copyrights, Patents, Software, Trademarks, Internet Domain Names, Trade Secrets and IP Licenses. 

“IP Ancillary Rights” means, with respect to any Intellectual Property, as applicable, all foreign counterparts to, and all
divisionals, reversions, continuations, continuations-in-part, reissues, reexaminations, renewals and extensions of, such Intellectual Property and all income, royalties, proceeds and Liabilities at any time
due or payable or asserted under or with respect to any of the foregoing or otherwise with respect to such Intellectual Property, including all rights to sue or recover at law or in equity for any past, present or future infringement,
misappropriation, dilution, violation or other impairment thereof, and, in each case, all rights to obtain any other IP Ancillary Right. 

“IP License” means all Contractual Obligations (and all related IP Ancillary Rights), whether written or oral, granting any
right, title and interest in any Intellectual Property. 
 “Liabilities” means all claims, actions, suits, judgments,
damages, losses, liability, obligations, responsibilities, fines, penalties, sanctions, costs, fees, taxes, commissions, charges, disbursements and expenses (including those incurred upon any appeal or in connection with the preparation for and/or
response to any subpoena or request for document production relating thereto), in each case of any kind or nature (including interest accrued thereon or as a result thereto and fees, charges and disbursements of financial, legal and other advisors
and consultants), whether joint or several, whether or not indirect, contingent, consequential, actual, punitive, treble or otherwise. 

“Material Intellectual Property” means Intellectual Property that is owned by or licensed to a Grantor and material to the
conduct of any Grantor’s business. 
 “Patents” means all rights, title and interests (and all related IP Ancillary
Rights) arising under any Requirement of Law in letters patent and applications therefor. 
 “Pledged Certificated Stock”
means all certificated securities and any other Stock of any Person evidenced by a certificate, instrument or other similar document (as defined in the UCC), in each case owned by any Grantor from time to time, including all Stock listed on
Schedule 3. Pledged Certificated Stock excludes any Excluded Property and any cash equivalents that are not held in Controlled Securities Accounts to the extent permitted by Section 5.9 hereof. 

  
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 “Pledged Collateral” means, collectively, the Pledged Stock and the Pledged Debt
Instruments. 
 “Pledged Debt Instruments” means all right, title and interest of any Grantor in instruments evidencing any
Debt owed to such Grantor or other obligations owed to such Grantor, and any distribution of property made on, in respect of or in exchange for the foregoing from time to time, including all Debt described on Schedule 3, issued by the
obligors named therein. Pledged Debt Instruments excludes any cash equivalents that are not held in Controlled Securities Accounts to the extent permitted by Section 5.9 hereof. 

“Pledged Investment Property” means any investment property of any Grantor, and any distribution of property made on, in
respect of or in exchange for the foregoing from time to time, other than any Pledged Stock or Pledged Debt Instruments. Pledged Investment Property excludes any cash equivalents that are not held in Controlled Securities Accounts to the extent
permitted by Section 5.9 hereof. 
 “Pledged Stock” means all Pledged Certificated Stock and all
Pledged Uncertificated Stock. 
 “Pledged Uncertificated Stock” means any Stock or Stock equivalent of any Person that is
not Pledged Certificated Stock, including all right, title and interest of any Grantor as a limited or general partner in any partnership not constituting Pledged Certificated Stock or as a member of any limited liability company, all right, title
and interest of any Grantor in, to and under any organization document of any partnership or limited liability company to which it is a party, including in each case those interests set forth on Schedule 3, to the extent such interests are
not certificated. Pledged Uncertificated Stock excludes any Excluded Property and any cash equivalents that are not held in Controlled Securities Accounts to the extent permitted by Section 5.9 hereof. 

“Related Persons” means, with respect to any Person, each Affiliate of such Person and each director, officer, employee,
agent, trustee, representative, attorney, accountant and each insurance, environmental, legal, financial and other advisor and other consultants and agents of or to such Person or any of its Affiliates. 

“Secured Obligations” means all the Obligations and all other obligations and liabilities of the Grantors under this
Agreement. 
 “Secured Party” means Agent, the Lenders, the Holders, and each other holder of any Obligation. 

“Software” means (a) all computer programs, including source code and object code versions, (b) all data, databases
and compilations of data, whether machine readable or otherwise, and (c) all documentation, training materials and configurations related to any of the foregoing. 
  

  
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 “Trade Secrets” means all right, title and interest (and all related IP
Ancillary Rights) arising under any Requirement of Law in trade secrets. 
 “Trademark” means all rights, title and
interests (and all related IP Ancillary Rights) arising under any Requirement of Law in trademarks, trade names, corporate names, company names, business names, fictitious business names, trade styles, service marks, logos and other source or
business identifiers and, in each case, all goodwill associated therewith, all registrations and recordations thereof and all applications in connection therewith. 

“UCC” means the Uniform Commercial Code as from time to time in effect in the State of New York; provided,
however, that, in the event that, by reason of mandatory provisions of any applicable Requirement of Law, any of the attachment, perfection or priority of Agent’s or any other Secured Party’s security interest in any Collateral is
governed by the Uniform Commercial Code of a jurisdiction other than the State of New York, “UCC” shall mean the Uniform Commercial Code as in effect in such other jurisdiction for purposes of the provisions hereof relating to such
attachment, perfection or priority and for purposes of the definitions related to or otherwise used in such provisions. 

“Vehicles” means all vehicles (i) subject to a perfected security interest obtained in accordance with all applicable
federal and state laws pursuant to an enforceable consumer loan agreement between an obligor and a Grantor, and (ii) in any Grantor’s constructive or actual possession obtained by Grantor in accordance with all applicable federal and state
laws. 
 Section 1.2 Certain Other Terms. 

(a) The meanings given to terms defined herein shall be equally applicable to both the singular and plural forms of such terms. References
herein to an Annex, Schedule, Article, Section or clause refer to the appropriate Annex or Schedule to, or Article, Section or clause in this Agreement. Where the context requires, provisions relating to any Collateral when used in relation to a
Grantor shall refer to such Grantor’s Collateral or any relevant part thereof. 
 (b) Other Interpretive
Provisions. 
 (i) Defined Terms. Unless otherwise specified herein or therein, all terms defined in this
Agreement shall have the defined meanings when used in any certificate or other document made or delivered pursuant hereto. 

(ii) The Agreement. The words “hereof”, “herein”, “hereunder” and words of similar import
when used in this Agreement shall refer to this Agreement as a whole and not to any particular provision of this Agreement. 

(iii) Certain Common Terms. The term “including” is not limiting and means “including without
limitation.” 
 (iv) Performance; Time. Whenever any performance obligation hereunder (other than a payment
obligation) shall be stated to be due or required to be satisfied on a day other than a Business Day, such performance shall be made or satisfied on the next succeeding Business Day. In the computation of periods of time from a 

 

  
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specified date to a later specified date, the word “from” means “from and including”; the words “to” and “until” each mean “to but excluding”,
and the word “through” means “to and including.” If any provision of this Agreement refers to any action taken or to be taken by any Person, or which such Person is prohibited from taking, such provision shall be interpreted to
encompass any and all means, direct or indirect, of taking, or not taking, such action. 
 (v) Contracts. Unless
otherwise expressly provided herein, references to agreements and other contractual instruments, including this Agreement and the other Credit Documents, shall be deemed to include all subsequent amendments, thereto, restatements and substitutions
thereof and other modifications and supplements thereto which are in effect from time to time, but only to the extent such amendments and other modifications are not prohibited by the terms of any Credit Document. 

(vi) Laws. References to any statute or regulation are to be construed as including all statutory and regulatory
provisions related thereto or consolidating, amending, replacing, supplementing or interpreting the statute or regulation. 
 ARTICLE II

 GUARANTY 

Section 2.1 Guaranty. To induce the Lenders to make the Loans, each Guarantor hereby, jointly and severally,
absolutely, unconditionally and irrevocably guarantees, as primary obligor and not merely as surety, the full and punctual payment when due, whether at stated maturity or earlier, by reason of acceleration, mandatory prepayment or otherwise in
accordance with any Credit Document, of all the Obligations of each Borrower whether existing on the date hereof or hereinafter incurred or created (the “Guaranteed Obligations”). This Guaranty by each Guarantor hereunder
constitutes a guaranty of payment and not of collection. 
 Section 2.2 Limitation of Guaranty. Any term or
provision of this Guaranty or any other Credit Document to the contrary notwithstanding, the maximum aggregate amount for which any Guarantor shall be liable hereunder shall not exceed the maximum amount for which such Guarantor can be liable
without rendering this Guaranty or any other Credit Document, as it relates to such Guarantor, subject to avoidance under applicable Requirements of Law relating to fraudulent conveyance or fraudulent transfer (including the Uniform Fraudulent
Conveyance Act, the Uniform Fraudulent Transfer Act and Section 548 of title 11 of the United States Code or any applicable provisions of comparable Requirements of Law) (collectively, “Fraudulent Transfer Laws”). Any analysis
of the provisions of this Guaranty for purposes of Fraudulent Transfer Laws shall take into account the right of contribution established in Section 2.3 and, for purposes of such analysis, give effect to any discharge of
intercompany debt as a result of any payment made under the Guaranty. 
 Section 2.3 Contribution. To the
extent that any Guarantor shall be required hereunder to pay any portion of any Guaranteed Obligation exceeding the greater of (a) the amount of the value actually received by such Guarantor and its Subsidiaries from the Loans and other
Obligations and (b) the amount such Guarantor would otherwise have paid if such 

  
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Guarantor had paid the aggregate amount of the Guaranteed Obligations (excluding the amount thereof repaid by a Borrower that received the benefit of the funds advanced that constituted
Guaranteed Obligations) in the same proportion as such Guarantor’s net worth on the date enforcement is sought hereunder bears to the aggregate net worth of all the Guarantors on such date, then such Guarantor shall be reimbursed by such other
Guarantors for the amount of such excess, pro rata, based on the respective net worth of such other Guarantors on such date. 

Section 2.4 Authorization; Other Agreements. The Secured Parties are hereby authorized, without notice to or demand upon
any Guarantor and without discharging or otherwise affecting the obligations of any Guarantor hereunder and without incurring any liability hereunder, from time to time, to do each of the following: 

(a) (i) subject to compliance, if applicable, with the Loan Agreement, modify, amend, supplement or otherwise change, (ii) accelerate or
otherwise change the time of payment or (iii) waive or otherwise consent to noncompliance with, any Guaranteed Obligation or any Credit Document; 

(b) apply to the Guaranteed Obligations any sums by whomever paid or however realized to any Guaranteed Obligation in such order as provided in
the Credit Documents; 
 (c) refund at any time any payment received by any Secured Party in respect of any Guaranteed Obligation; 

(d) subject to compliance with the applicable provisions of this Agreement, the Loan Agreement and the other Credit Documents, (i) sell,
exchange, enforce, waive, substitute, liquidate, terminate, release, abandon, fail to perfect, subordinate, accept, substitute, surrender, exchange, affect, impair or otherwise alter or release any Collateral for any Guaranteed Obligation or any
other guaranty therefor in any manner, (ii) receive, take and hold additional Collateral to secure any Guaranteed Obligation, (iii) add, release or substitute any one or more other Guarantors, makers or endorsers of any Guaranteed
Obligation or any part thereof and (iv) otherwise deal in any manner with a Borrower or any other Guarantor, maker or endorser of any Guaranteed Obligation or any part thereof; and 

(e) subject to compliance with the applicable provisions of this Agreement, the Loan Agreement and the other Credit Documents, settle, release,
compromise, collect or otherwise liquidate the Guaranteed Obligations. 
 Section 2.5 Guaranty Absolute and
Unconditional. Each Guarantor hereby waives to the fullest extent permitted by law and agrees not to assert any defense (other than defense of payment), whether arising in connection with or in respect of any of the following or otherwise, and
hereby agrees that its obligations under this Guaranty are irrevocable, absolute and unconditional and shall not be discharged as a result of or otherwise affected by any of the following (which may not be pleaded and evidence of which may not be
introduced in any proceeding with respect to this Guaranty, in each case except as otherwise agreed in writing by Agent): 

  
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 (a) the invalidity or unenforceability of any obligation of a Borrower or any other Guarantor
under any Credit Document or any other agreement or instrument relating thereto (including any amendment, consent or waiver thereto), or any security for, or other guaranty of, any Guaranteed Obligation or any part thereof, or the lack of perfection
or continuing perfection or failure of priority of any security for the Guaranteed Obligations or any part thereof; 
 (b) the absence of
(i) any attempt to collect any Guaranteed Obligation or any part thereof from a Borrower or any other Guarantor or other action to enforce the same or (ii) any action to enforce any Credit Document or any Lien thereunder; 

(c) the failure by any Person to take any steps to perfect and maintain any Lien on, or to preserve any rights with respect to, any Collateral;

 (d) any workout, insolvency, bankruptcy proceeding, reorganization, arrangement, liquidation or dissolution by or against a Borrower, any
other Guarantor or any of a Borrower’s other Subsidiaries or any procedure, agreement, order, stipulation, election, action or omission thereunder, including any discharge or disallowance of, or bar or stay against collecting, any Guaranteed
Obligation (or any interest thereon) in or as a result of any such proceeding; 
 (e) any foreclosure, whether or not through judicial sale,
and any other sale or other disposition of any Collateral or any election following the occurrence and during the continuance of an Event of Default by any Secured Party to proceed separately against any Collateral in accordance with such Secured
Party’s rights under any applicable Requirement of Law; or 
 (f) any other defense (other than a defense of payment), setoff,
counterclaim or any other circumstance that might otherwise constitute a legal or equitable discharge of a Borrower, any other Guarantor or any other Subsidiary of a Borrower, in each case other than the payment in full of the Guaranteed Obligations
and termination of all Commitments (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted and letters of credit which have been cash collateralized). 

Section 2.6 Waivers. Each Guarantor hereby unconditionally and irrevocably waives to the fullest extent permitted by law
and agrees not to assert any claim, defense, setoff or counterclaim based on diligence, promptness, presentment, requirements for any demand or notice hereunder including any of the following:  (a) any demand for payment or
performance and protest and notice of protest; (b) any notice of acceptance; (c) any presentment, demand, protest or further notice or other requirements of any kind with respect to any Guaranteed Obligation (including any accrued but
unpaid interest thereon) becoming immediately due and payable; and (d) any other notice in respect of any Guaranteed Obligation or any part thereof, and any defense (other than a defense of payment in full of the Guaranteed Obligations and
termination of all Commitments (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted)) arising by reason of any disability or other defense of a Borrower or any other Guarantor. Each
Guarantor further unconditionally and irrevocably agrees not to (x) enforce or otherwise exercise any right of subrogation or any right 

  
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of reimbursement or contribution or similar right against a Borrower or any other Guarantor by reason of any Credit Document or any payment made thereunder or (y) assert any claim, defense,
setoff or counterclaim it may have against any other Grantor or set off any of its obligations to such other Grantor against obligations of such Grantor to such Guarantor until payment in full of the Obligations and termination of all Commitments
(other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted). No obligation of any Guarantor hereunder shall be discharged other than by payment in full of the Guaranteed Obligations and
termination of all Commitments (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted) or by complete performance. 

Section 2.7 Reliance. Each Guarantor hereby assumes responsibility for keeping itself informed of the financial
condition of each Borrower, each other Guarantor and any other guarantor, maker or endorser of any Guaranteed Obligation or any part thereof, and of all other circumstances bearing upon the risk of nonpayment of any Guaranteed Obligation or any part
thereof that diligent inquiry would reveal, and each Guarantor hereby agrees that no Secured Party shall have any duty to advise any Guarantor of information known to it regarding such condition or any such circumstances. In the event any Secured
Party, in its sole discretion, undertakes at any time or from time to time to provide any such information to any Guarantor, such Secured Party shall be under no obligation to (a) undertake any investigation not a part of its regular business
routine, (b) disclose any information that such Secured Party, pursuant to accepted or reasonable commercial finance or banking practices, wishes to maintain confidential or (c) make any future disclosures of such information or any other
information to any Guarantor. 
 ARTICLE III 

GRANT OF SECURITY INTEREST 

Section 3.1 Collateral. For the purposes of this Agreement, but subject to the proviso to Section 3.1
below, all personal property of the Grantors, including without limitation, the following personal property of the Grantors, whether presently owned or existing or hereafter acquired or coming into existence and wherever located, and all additions
and accessions thereto and all substitutions and replacements thereof, and all proceeds, products and accounts thereof, including, without limitation, all proceeds from the sale or transfer thereof and of insurance covering the same and of any tort
claims in connection therewith is collectively referred to as the “Collateral”: 
 (a) all accounts, chattel paper, deposit
accounts, documents (as defined in the UCC), equipment, general intangibles, instruments, inventory, investment property, letter of credit rights and any supporting obligations related to any of the foregoing; 

(b) the commercial tort claims described on Schedule 1 and on any supplement thereto received by Agent pursuant to
Section 5.8; 
 (c) all books and records pertaining to the other property described in this
Section 3.1; 

  
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 (d) all property of such Grantor held by any Secured Party, including all property of every
description, in the custody of or in transit to such Secured Party for any purpose, including safekeeping, collection or pledge, for the account of such Grantor or as to which such Grantor may have any right or interest, including but not limited to
cash; 
 (e) all other goods (including but not limited to fixtures) and personal property of such Grantor, whether tangible or intangible
and wherever located; and 
 (f) to the extent not otherwise included, all proceeds of the foregoing; 

provided, that notwithstanding anything to the contrary in this Agreement or any other Credit Document, “Collateral” shall
not include any Excluded Property. 
 Section 3.2 Grant of Security Interest in Collateral. Each Grantor,
as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations, hereby grants to Agent for the benefit of the Secured Parties a Lien on and
security interest in, all of its right, title and interest in, to and under its respective Collateral of such Grantor; provided, however, notwithstanding the foregoing, no Lien or security interest is hereby granted on any Excluded
Property; provided, further, that if and when any property of the type described in Section 3.1 shall cease to be Excluded Property, a Lien on and security interest in such property shall be granted therein
pursuant hereto. 
 ARTICLE IV 

REPRESENTATIONS AND WARRANTIES 

To induce the Lenders and Agent to enter into the Credit Documents, each Grantor hereby represents and warrants each of the following to
Agent, the Lenders, the Holders and the other Secured Parties: 
 Section 4.1 Title; No Other Liens. Except
for the Lien granted to Agent pursuant to this Agreement and other Permitted Liens, such Grantor owns each item of the Collateral free and clear of any and all Liens. Such Grantor (a) is the record and beneficial owner of the Collateral pledged
by it hereunder constituting instruments or certificates and (b) has rights in or the power to transfer each other item of Collateral in which a Lien is granted by it hereunder, free and clear of any other Lien other than the Liens granted to
Agent pursuant to this Agreement and other Permitted Liens. 
 Section 4.2 Perfection and Priority. The
security interest granted pursuant to this Agreement, to the extend a security interest can be granted by a security agreement governed by New York law, constitutes a valid and continuing perfected security interest in favor of Agent for the benefit
of the Secured Parties in all Collateral in which perfection can be achieved by the filings and other actions of the type described in Section 4.2, subject, for the following Collateral (to the extent any such item is Collateral and such steps
are required herein), to the occurrence of the following:  (a) in the case of all Collateral in which a security interest may be perfected by filing a financing statement under the UCC, the completion of the filings and other actions
specified on Schedule 2 (which, in the case of all filings and other documents referred to on such 

  
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schedule, have been delivered to Agent in completed and duly authorized form), (b) with respect to any deposit account, the execution of Control Agreements, (c) in the case of all
Copyrights, Trademarks and Patents for which UCC filings are insufficient, all appropriate filings having been made with the United States Copyright Office or the United States Patent and Trademark Office, as applicable; provided,
however, that additional filings may be required to perfect such security interest in any Copyrights, Trademarks and Patents acquired after the date hereof; (d) in the case of letter-of-credit rights that are not supporting obligations of Collateral, the execution of a Contractual Obligation granting control to Agent over such letter-of-credit rights, (e) in the case of electronic chattel paper, the completion of all steps necessary to grant control to Agent over such electronic chattel paper and (f) in the case of
Vehicles, the actions required under subsection 5.1(e). Such security interest shall be prior to all other Liens on the Collateral except for Permitted Liens having priority over Agent’s Lien by operation of law upon (i) in the case
of all Pledged Certificated Stock, Pledged Debt Instruments and Pledged Investment Property, the delivery thereof to Agent of such Pledged Certificated Stock, Pledged Debt Instruments and Pledged Investment Property consisting of instruments and
certificates, in each case properly endorsed for transfer to Agent or in blank, (ii) in the case of all Pledged Investment Property not in certificated form, the execution of Control Agreements with respect to such investment property and
(iii) in the case of all other instruments and tangible chattel paper that are not Pledged Certificated Stock, Pledged Debt Instruments or Pledged Investment Property, the delivery thereof to Agent of such instruments and tangible chattel
paper. Except as set forth in this Section 4.2, all actions by each Grantor necessary or desirable to protect and perfect the Lien granted hereunder on the Collateral have been duly taken. Notwithstanding anything to the
contrary herein, neither Borrower Agent nor any Grantor shall be required to make any filings outside the United States to perfect the Agent’s Lien on or security interest in any Copyrights, Patents or Trademarks. 

Section 4.3 Pledged Collateral. 

(a) The Pledged Stock pledged by such Grantor hereunder (i) is listed on Schedule 3 and constitutes that percentage of the issued and
outstanding equity of all classes of each issuer thereof as set forth on Schedule 3, (ii) has been duly authorized, validly issued and is fully paid and nonassessable (other than Pledged Stock in limited liability companies and partnerships) and
(iii) constitutes the legal, valid and binding obligation of the obligor with respect thereto, enforceable in accordance with its terms. 

(b) As of the Closing Date, all Pledged Collateral (other than Pledged Uncertificated Stock) and all Pledged Investment Property consisting of
instruments and certificates has been delivered to Agent in accordance with subsection 5.2(a). 
 (c) Subject to the terms of
Section 6.3, upon the occurrence and during the continuance of an Event of Default, Agent shall be entitled to exercise all of the rights of the Grantor granting the security interest in any Pledged Stock, and a transferee
or assignee of such Pledged Stock shall become a holder of such Pledged Stock to the same extent as such Grantor and be entitled to participate in the management of the issuer of such Pledged Stock and, unless otherwise provided under applicable
Requirements of Law, upon the transfer of the entire interest of such Grantor, such Grantor shall, by operation of law, cease to be a holder of such Pledged Stock; provided, that the Agent may elect at its sole and absolute discretion to
permit such Grantor to continue voting such Pledged Stock. 

  
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 Section 4.4 Instruments and Tangible Chattel Paper Formerly Accounts. No
amount payable to such Grantor under or in connection with any account is evidenced by any document, instrument or tangible chattel paper that (a) has not been delivered to Agent, properly endorsed for transfer, to the extent delivery is
required by subsection 5.5(a) or (b) is not subject to the Custodian Agreement. 
 Section 4.5 Intellectual
Property. On the Closing Date, all registered Material Intellectual Property owned by such Grantor is listed on Schedule 4 and is in full force and effect, subsisting, unexpired and, to the knowledge of such Grantor, valid and enforceable, no
Material Intellectual Property owned by such Grantor has been abandoned. No breach or default of any material IP License shall be caused by any of the following, and none of the following shall limit or impair the ownership, use, validity or
enforceability of, or any rights of such Grantor in, any Material Intellectual Property:  (i) the consummation of the transactions contemplated by any Credit Document or (ii) any holding, decision, judgment or order rendered by
any Governmental Authority. Except as set forth on Schedule 4, and except as could not reasonably be expected to result in a material adverse effect on the business or operations of a Grantor or the Collateral, there are no pending (or, to the
knowledge of such Grantor, threatened) actions, investigations, suits, proceedings, audits, claims, demands, orders or disputes challenging the ownership, use, validity, enforceability of, or such Grantor’s rights in, any Material Intellectual
Property owned by such Grantor. To such Grantor’s knowledge, no Person has been or is infringing, misappropriating, diluting, violating or otherwise impairing any Intellectual Property owned by such Grantor. Such Grantor, and to such
Grantor’s knowledge each other party thereto, is not in material breach or default of any material IP License. 

Section 4.6 Commercial Tort Claims. The only commercial tort claims of any Grantor existing on the Closing Date with a
value in excess of $100,000 (regardless of whether the amount, defendant or other material facts can be determined and regardless of whether such commercial tort claim has been asserted, threatened or has otherwise been made known to the obligee
thereof or whether litigation has been commenced for such claims) are those listed on Schedule 1, which sets forth such information separately for each Grantor. 

Section 4.7 Specific Collateral. None of the Collateral is or is proceeds or products of farm products, as-extracted collateral, health-care-insurance receivables or timber to be cut. 
 Section 4.8
Enforcement. No Permit, notice to or filing with any Governmental Authority or any other Person or any consent from any Person is required for the exercise by Agent of its rights (including voting rights) provided for in this Agreement or the
enforcement of remedies in respect of the Collateral pursuant to this Agreement, including the transfer of any Collateral, except (a) as may be required in connection with the disposition of any portion of the Pledged Collateral by laws
affecting the offering and sale of securities generally, (b) any approvals that may be required to be obtained from any bailees or landlords to collect the Collateral, (c) other notice required by
non-waivable provisions of the UCC or (d) as may be required under the Bankruptcy Code. 

  
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 Section 4.9 Stock. No Pledged Stock is a “security” for purposes of
Article 8 of the UCC unless, to the extent such Pledged Stock is pledged hereunder, a certificate representing such equity or membership interest and corresponding assignment separate from certificate has been delivered to Agent. 

ARTICLE V 
 COVENANTS

 Each Grantor agrees with Agent to the following, as long as any Obligation or Commitment remains outstanding (other than contingent
indemnification Obligations to the extent no claim giving rise thereto has been asserted): 
 Section 5.1 Maintenance of
Perfected Security Interest; Further Documentation and Consents. 
 (a) Generally. Such Grantor shall not use or knowingly permit
any Collateral to be used in material violation of any provision of any Credit Document. 
 (b) Except as otherwise permitted in the Credit
Documents or to the extent perfection actions are not required with respect to this Agreement or the Loan Agreement, such Grantor shall maintain the security interest created by this Agreement as a perfected security interest having at least the
priority described in Section 4.2 and shall use commercially reasonable efforts to defend such security interest and such priority against the material claims and demands of all Persons (except to the extent that the Agent
and the Borrower Agent agree that the cost of such defense is excessive in relation to the benefit to the Lenders and Holders of the security interest and priority), in each case, other than assets of such Grantor subject to a disposition permitted
by Section 7.6 of the Loan Agreement. 
 (c) Such Grantor shall furnish to Agent from time to time statements and
schedules further identifying and describing the Collateral and such other documents in connection with the Collateral as Agent may reasonably request, all in reasonable detail and in form and substance reasonably satisfactory to Agent. 

(d) At any time and from time to time, upon the written request of Agent, such Grantor shall, for the purpose of obtaining or preserving the
full benefits of this Agreement and of the rights and powers herein granted, (i) promptly and duly execute and deliver, and have recorded, such further documents, including an authorization to file (or, as applicable, the filing) of any
financing statement or amendment under the UCC (or other filings under similar Requirements of Law) in effect in any jurisdiction with respect to the security interest created hereby and (ii) take such further action as Agent may reasonably
request. 
 (e) At Agent’s discretion, each Grantor shall arrange, at Grantor’s sole expense, for Agent’s first priority
security interest to be noted on the documentation evidencing the Collateral as of the date hereof and from time to time and, in the case of Vehicles, the certificate of title of each Vehicle that is also Collateral as of the date hereof and from
time to time and shall file any other necessary documentation in each jurisdiction that Agent shall deem advisable to perfect its security interests in any Collateral or any Vehicle, each as of the date hereof and from time to time. 

  
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 (f) To ensure that a Lien and security interest is granted on any of the Excluded Property set
forth in clause (ii) of the definition of “Excluded Property”, such Grantor shall use its best efforts to obtain any required consents from any Person other than a Borrower and its Affiliates with respect to any permit or
license or any Contractual Obligation with such Person entered into by such Grantor that requires such consent as a condition to the creation by such Grantor of a Lien on any right, title or interest in such permit, license or Contractual Obligation
or any Stock or Stock equivalent related thereto. 
 (g) Such Grantor shall not take any action which would result in any of the Pledged
Stock being characterized as “securities” for purposes of Article 8 of the UCC. Notwithstanding the foregoing, the Grantor shall provide prompt notice to Agent in the event that any Pledged Stock changes, or could reasonably be expected to
change, their characterization as securities for purposes of Article 8 of the UCC. In the event that any Pledged Stock becomes a “security” for purposes of Article 8 or 9 of the UCC, then Grantor agrees to comply with instructions
originated by Agent with respect to such Pledged Stock without further consent of the Company and acknowledges that it is the intention of this Agreement to grant “control” to Agent within the meaning of Articles 8 and 9 of the UCC, to the
extent the same may be applicable to the Pledged Stock 
 Section 5.2 Pledged Collateral. 

(a) Delivery of Pledged Collateral. Such Grantor shall (i) deliver to Agent, in suitable form for transfer and in form and
substance reasonably satisfactory to Agent, (A) all Collateral consisting of Pledged Certificated Stock, (B) all Collateral consisting of Pledged Debt Instruments and (C) all certificates and instruments evidencing Collateral
consisting of Pledged Investment Property and (ii) maintain all other Collateral consisting of Pledged Investment Property in a Controlled Securities Account. 

(b) Event of Default. During the continuance of an Event of Default, Agent shall have the right, at any time in its discretion and upon
notice to the applicable Grantor, to (i) transfer to or to register in its name or in the name of its nominees any Collateral consisting of Pledged Collateral or any Pledged Investment Property and (ii) exchange any certificate or
instrument representing or evidencing any Collateral consisting of Pledged Collateral or any Pledged Investment Property for certificates or instruments of smaller or larger denominations. 

(c) Cash Distributions with respect to Pledged Collateral. Except as provided in Article VI and subject to the limitations set
forth in the Loan Agreement, such Grantor shall be entitled to receive all cash distributions paid in respect of the Collateral consisting of Pledged Collateral. 

(d) Voting Rights. Except as provided in Article VI, such Grantor shall be entitled to exercise all voting, consent and
corporate, partnership, limited liability company and similar rights with respect to the Collateral consisting of Pledged Collateral; provided, however, that no vote shall be cast, consent given or right exercised or other action taken
by such Grantor that would result in any violation of any provision of any Credit Document. 

  
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 Section 5.3 Intentionally Omitted. 

Section 5.4 Commodity Contracts. Such Grantor shall not have any commodity contract unless subject to a Control Agreement. 

Section 5.5 Delivery of Instruments and Tangible Chattel Paper and Control of Investment Property, Letter-of-Credit Rights and Electronic Chattel Paper. 
 (a) All Receivables of Borrowers
shall be assigned to Agent and stamped with the following legend (or such legend shall be embedded in the contract evidencing the Receivables) to evidence the assignment to Agent (provided, that with respect to Receivables in existence on the
Closing Date, the Borrowers shall stamp such legend on such Receivables on or prior to sixty (60) days after the Closing Date): 
 The
within instrument or agreement is pledged as collateral to Victory Park Management, LLC, as agent for various financial institutions. 
 Grantors shall
(a) deliver to the Custodian under the Custodian Agreement, as the bailee and designee of Agent, the Collateral consisting of Receivables and all documents, general intangibles and instruments relating to such Collateral, (b) upon request
of Agent following the occurrence of an Event of Default, deliver to Agent or its designee all such Collateral; and (c) execute and deliver to Agent, for the benefit of the Lenders and the Holders, such assignments, endorsements and allonges to
promissory notes in form reasonably satisfactory to Agent, and such additional agreements, documents or instruments as Agent may, from time to time, reasonably require to evidence, perfect and continue to perfect Agent’s liens and security
interests granted hereunder. For purposes of this Agreement, the parties hereto agree that, until Agent shall otherwise direct or designate, the Custodian under the Custodian Agreement shall be deemed to be the designee of Agent and Agent shall have
the right, at any time and from time to time, to direct or redirect the delivery of all or any of the foregoing items to any other designee. Agent may in its sole but reasonable discretion record or file any such document, instrument or agreement,
including, without limitation, this Agreement, as it may from time to time deem desirable. 
 (b) Such Grantor shall not grant
“control” (within the meaning of such term under Article 9-106 of the UCC) over any investment property to any Person other than Agent. 

(c) If such Grantor is or becomes the beneficiary of a letter of credit that is (i) not a supporting obligation of any Collateral and
(ii) in excess of $25,000, such Grantor shall promptly, and in any event within two (2) Business Days after becoming a beneficiary, notify Agent thereof and use its commercially reasonable efforts to enter into a Contractual Obligation
with Agent, the issuer of such letter of credit or any nominated person with respect to the letter-of-credit rights under such letter of credit. Such Contractual
Obligation shall collaterally assign such letter-of-credit rights to Agent and such collateral assignment shall be sufficient to grant control for the purposes of Section 9-107 of the UCC (or any similar section under any equivalent UCC). Such Contractual Obligation shall also direct all payments thereunder to a Cash Collateral Account. The provisions of the Contractual
Obligation shall be in form and substance reasonably satisfactory to Agent. 

  
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 (d) If any amount payable under or in connection with any Collateral owned by such Grantor shall
be or become evidenced by electronic chattel paper, such Grantor shall, take all steps necessary to grant Agent control of all such electronic chattel paper for the purposes of Section 9-105 of the UCC
(or any similar section under any equivalent UCC) and all “transferable records” as defined in each of the Uniform Electronic Transactions Act and the Electronic Signatures in Global and National Commerce Act. 

Section 5.6 Intellectual Property. 

(a) Within 30 days after any change to Schedule 4 for such Grantor, such Grantor shall provide Agent notification thereof and the short
form intellectual property agreements and assignments as described in this Section 5.6 and any other documents that Agent reasonably requests with respect thereto. 

(b) To the extent deemed appropriate in such Grantor’s reasonable business judgment, such Grantor shall (and shall cause all its licensees
to) (i) (1) continue to use each Trademark included in the Material Intellectual Property owned by such Grantor in order to maintain such Trademark in full force and effect with respect to each material class of goods for which such Trademark
is currently used, free from any claim of abandonment for non-use, (2) maintain at least the same standards of quality of products and services offered under such Trademark as are currently maintained,
(3) use such Trademark with the appropriate notice of registration and all other notices and legends required by applicable Requirements of Law, (4) not adopt or use any other Trademark that is confusingly similar or a colorable imitation
of such Trademark unless Agent shall obtain a perfected security interest in such other Trademark pursuant to this Agreement and (ii) not knowingly do any act or knowingly omit to do any act whereby (w) such Trademark (or any goodwill
associated therewith) would or could reasonably be expected to become destroyed, invalidated, impaired or harmed in any way, (x) any Patent included in the Material Intellectual Property owned by such Grantor would or could reasonably be
expected to become forfeited, misused, unenforceable, abandoned or dedicated to the public, (y) any portion of the Copyrights included in the Material Intellectual Property owned by such Grantor would or could reasonably be expected to become
invalidated, otherwise impaired or fall into the public domain or (z) any Trade Secret that is Material Intellectual Property owned by such Grantor would or could reasonably be expected to become publicly available or otherwise unprotectable.

 (c) Such Grantor shall notify Agent immediately (but in any event, within twenty (20) business days) if it knows that any application
or registration relating to any Material Intellectual Property owned by such Grantor would or could reasonably be expected to become forfeited, misused, unenforceable, abandoned or dedicated to the public, or of any materially adverse determination
or development regarding the validity or enforceability or such Grantor’s ownership of any Material Intellectual Property (including the institution of, or any such determination or development in, any proceeding relating to the foregoing in
any Applicable IP Office). Such Grantor shall take all actions that are necessary or reasonably requested by Agent, subject such Grantor’s reasonable business judgment, (i) that are deemed appropriate in such Grantor’s reasonable
business judgment to maintain and pursue each application (and to obtain the relevant registration or recordation) and (ii) to maintain each registration and recordation included in the Material Intellectual Property. 

  
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 (d) Such Grantor shall not knowingly do any act or knowingly omit to do any act to infringe,
misappropriate, dilute, violate or otherwise impair the Intellectual Property of any other Person, except to the extent that such infringement, misappropriation, dilution, violation or other impairment would not reasonably be expected to result in a
material adverse change in the business, operations, property (including the Collateral) or financial condition of any Borrower or any Guarantor. In the event that any Material Intellectual Property owned by such Grantor is or has been infringed,
misappropriated, violated, diluted or otherwise impaired by a third party and such Grant knows of such infringement, misappropriation, violation, dilution or other impairment, such Grantor shall take such action as it reasonably deems appropriate
under the circumstances in response thereto, including promptly bringing suit and recovering all damages therefor. 
 (e) Such Grantor shall
execute and deliver to Agent in form and substance reasonably acceptable to Agent and suitable for (i) filing in the Applicable IP Office the short-form intellectual property security agreements in the form attached hereto as Annex 3 for all
Copyrights, Trademarks, Patents owned by such Grantor and IP Licenses of the foregoing that such Grantor is a party to and (ii) recording with the appropriate Internet domain name registrar, a duly executed form of assignment for all Internet
Domain Names of such Grantor (together with appropriate supporting documentation as may be requested by Agent). 

Section 5.7 Notices. Such Grantor shall promptly (but in any event, within twenty (20) business days) notify
Agent in writing of its acquisition of any interest hereafter in property that is of a type where a security interest or lien must be or may be registered, recorded or filed under, or notice thereof given under, any federal statute or regulation.

 Section 5.8 Notice of Commercial Tort Claims. Such Grantor agrees that, if it shall acquire any interest in any
commercial tort claim with a value in excess of $100,000 (whether from another Person or because such commercial tort claim shall have come into existence), (i) such Grantor shall, promptly following such acquisition, deliver to Agent, in each case
in form and substance reasonably satisfactory to Agent, a notice of the existence and nature of such commercial tort claim and a supplement to Schedule 1 containing a specific description of such commercial tort claim,
(ii) Section 3.1 shall apply to such commercial tort claim and (iii) upon the reasonable request of Agent, such Grantor shall execute and deliver to Agent, in each case in form and substance reasonably
satisfactory to Agent, any document, and take all other action, deemed by Agent to be reasonably necessary or appropriate for Agent to obtain, for the benefit of the Secured Parties, a perfected security interest having at least the priority set
forth in Section 4.2 in all such commercial tort claims. Any supplement to Schedule 1 delivered pursuant to this Section 5.8 shall, after the receipt thereof by Agent, become part of
Schedule 1 for all purposes hereunder other than in respect of representations and warranties made prior to the date of such receipt. 

  
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 Section 5.9 Controlled Securities Account. Each Grantor shall deposit all of its
cash equivalents in securities accounts that are Controlled Securities Accounts except for cash equivalents the aggregate value of which does not exceed $5,000. 

ARTICLE VI 
 REMEDIAL
PROVISIONS 
 Section 6.1 Code and Other Remedies. 

(a) UCC Remedies. During the continuance of an Event of Default, Agent may exercise, in addition to all other rights and remedies
granted to it in this Agreement and in any other instrument or agreement securing, evidencing or relating to any Secured Obligation, all rights and remedies of a secured party under the UCC or any other applicable law. 

(b) Disposition of Collateral. Without limiting the generality of the foregoing, Agent may, without demand of performance or other
demand, presentment, protest, advertisement or notice of any kind (except any notice required by law referred to below) to or upon any Grantor or any other Person (all and each of which demands, defenses, advertisements and notices are hereby
waived), after the occurrence of and during the continuance of any Event of Default (personally or through its agents or attorneys), (i) enter upon the premises where any Collateral is located, without any obligation to pay rent, through self-help,
without judicial process, without first obtaining a final judgment or giving any Grantor or any other Person notice or opportunity for a hearing on Agent’s claim or action except as may be required by applicable Requirements of Law,
(ii) collect, receive, appropriate and realize upon any Collateral and (iii) sell, assign, convey, transfer, grant option or options to purchase and deliver any Collateral (enter into Contractual Obligations to do any of the foregoing), in
one or more parcels at public or private sale or sales, at any exchange, broker’s board or office of any Secured Party or elsewhere upon such terms and conditions as it may deem advisable and at such prices as it may deem best, for cash or on
credit or for future delivery without assumption of any credit risk. Agent shall have the right, upon any such public sale or sales and, to the extent permitted by the UCC and other applicable Requirements of Law, upon any such private sale, to
purchase the whole or any part of the Collateral so sold, free of any right or equity of redemption of any Grantor, which right or equity is hereby waived and released. 

(c) Management of the Collateral. Each Grantor further agrees, that, upon the occurrence and during the continuance of any Event of
Default, (i) at Agent’s request, it shall assemble the Collateral and make it available to Agent at places that Agent shall reasonably select, whether at such Grantor’s premises or elsewhere, (ii) without limiting the foregoing,
Agent also has the right to require that each Grantor store and keep any Collateral pending further action by Agent and, while any such Collateral is so stored or kept, provide such guards and maintenance services as shall be necessary to protect
the same and to preserve and maintain such Collateral in good condition, (iii) until Agent is able to sell, assign, convey or transfer any Collateral, Agent shall have the right to hold or use such Collateral to the extent that it deems
appropriate for the purpose of preserving the Collateral or its value or for any other purpose deemed appropriate by Agent and (iv) Agent may, if it so elects, seek the appointment of a receiver or keeper to take possession of any Collateral
and to enforce any of Agent’s remedies 

  
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(for the benefit of the Secured Parties), with respect to such appointment without prior notice or hearing as to such appointment. Agent shall not have any obligation to any Grantor to maintain
or preserve the rights of any Grantor as against third parties with respect to any Collateral while such Collateral is in the possession of Agent. 

(d) Application of Proceeds. Agent shall apply the cash proceeds of any action taken by it pursuant to this
Section 6.1, after deducting all reasonable and documented out-of-pocket costs and expenses of every kind incurred in connection therewith or
incidental to the care or safekeeping of any Collateral or in any way relating to the Collateral or the rights of Agent and any other Secured Party hereunder, including reasonable and documented attorneys’ fees and disbursements, and, in each
case, subject to the limitations on reimbursement of costs and expenses in Section 10.7 of the Loan Agreement, to the payment in whole or in part of the Secured Obligations, as set forth in the Loan Agreement, and only after such application
and after the payment by Agent of any other amount required by any Requirement of Law, need Agent account for the surplus, if any, to any Grantor. 

(e) Direct Obligation. Neither Agent nor any other Secured Party shall be required to make any demand upon, or pursue or exhaust any
right or remedy against, any Grantor or any other Person with respect to the payment of the Obligations or to pursue or exhaust any right or remedy with respect to any Collateral therefor or any direct or indirect guaranty thereof. All of the rights
and remedies of Agent and any other Secured Party under any Credit Document shall be cumulative, may be exercised individually or concurrently and not exclusive of any other rights or remedies provided by any Requirement of Law. To the extent it may
lawfully do so, each Grantor absolutely and irrevocably waives and relinquishes the benefit and advantage of, and covenants not to assert against Agent or any other Secured Party, any valuation, stay, appraisement, extension, redemption or similar
laws and any and all rights or defenses it may have as a surety, now or hereafter existing, arising out of the exercise by them of any rights hereunder. If any notice of a proposed sale or other disposition of any Collateral shall be required by
applicable Requirements of Law, to the extent permitted by applicable Requirements of Law, such notice shall be deemed reasonable and proper if given at least 10 days before such sale or other disposition. 

(f) Commercially Reasonable. To the extent that applicable Requirements of Law impose duties on Agent to exercise remedies in a
commercially reasonable manner, each Grantor acknowledges and agrees that it is not commercially unreasonable for Agent to do any of the following: 

(i) fail to incur significant costs, expenses or other Liabilities reasonably deemed as such by Agent to prepare any Collateral
for disposition or otherwise to complete raw material or work in process into finished goods or other finished products for disposition; 

(ii) fail to obtain permits, or other consents, for access to any Collateral to sell or for the collection or sale of any
Collateral, or, if not required by other Requirements of Law, fail to obtain permits or other consents for the collection or disposition of any Collateral; 

  
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 (iii) fail to exercise remedies against account debtors or other Persons
obligated on any Collateral or to remove Liens on any Collateral or to remove any adverse claims against any Collateral; 

(iv) advertise dispositions of any Collateral through publications or media of general circulation, whether or not such
Collateral is of a specialized nature, or to contact other Persons, whether or not in the same business as any Grantor, for expressions of interest in acquiring any such Collateral; 

(v) exercise collection remedies against account debtors and other Persons obligated on any Collateral, directly or through the
use of collection agencies or other collection specialists, hire one or more professional auctioneers to assist in the disposition of any Collateral, whether or not such Collateral is of a specialized nature, or, to the extent deemed appropriate by
Agent, obtain the services of other brokers, investment bankers, consultants and other professionals to assist Agent in the collection or disposition of any Collateral, or utilize Internet sites that provide for the auction of assets of the types
included in the Collateral or that have the reasonable capacity of doing so, or that match buyers and sellers of assets to dispose of any Collateral; 

(vi) dispose of assets in wholesale rather than retail markets; 

(vii) disclaim disposition warranties, such as title, possession or quiet enjoyment; or 

(viii) purchase insurance or credit enhancements to insure Agent against risks of loss, collection or disposition of any
Collateral or to provide to Agent a guaranteed return from the collection or disposition of any Collateral. 
 Each Grantor acknowledges that the purpose of
this Section 6.1 is to provide a non-exhaustive list of actions or omissions that are commercially reasonable when exercising remedies against any Collateral and that other actions or
omissions by any Secured Party shall not be deemed commercially unreasonable solely on account of not being indicated in this Section 6.1. Without limitation upon the foregoing, nothing contained in this
Section 6.1 shall be construed to grant any rights to any Grantor or to impose any duties on Agent that would not have been granted or imposed by this Agreement or by applicable Requirements of Law in the absence of this
Section 6.1. 
 (g) IP Licenses. For the purpose of enabling Agent to exercise rights and remedies under
this Section 6.1 during the continuance of an Event of Default (including in order to take possession of, collect, receive, assemble, process, appropriate, remove, realize upon, sell, assign, convey, transfer or grant
options to purchase any Collateral) at such time as Agent shall be lawfully entitled to exercise such rights and remedies, each Grantor hereby grants to Agent, for the benefit of the Secured Parties, (i) a nonexclusive, worldwide license
(exercisable without payment of royalty or other compensation to such Grantor), including in such license the right to sublicense, to use and practice any Intellectual Property (with respect to Trademarks, subject to reasonable quality control in
favor of such Grantor) now owned or hereafter acquired by such Grantor and access to all media in which any of the licensed items may be recorded or stored and 

  
 20 

 
to all Software used for the compilation or printout thereof (except in each case, for all IP Licenses, only to perform actions subject any limitations imposed by such IP Licenses, including
obtaining any required third party consents) and (ii) an irrevocable license (without payment of rent or other compensation to such Grantor) to use, operate and occupy all real Property owned, operated, leased, subleased or otherwise occupied
by such Grantor. 
 Section 6.2 Accounts and Payments in Respect of General Intangibles. 

(a) In addition to, and not in substitution for, any similar requirement in the Loan Agreement, if required by Agent at any time during the
continuance of an Event of Default, any payment of accounts or payment in respect of general intangibles, when collected by any Grantor, shall be promptly (and, in any event, within two (2) Business Days) deposited by such Grantor in the exact
form received, duly indorsed by such Grantor to Agent) in a Cash Collateral Account, subject to withdrawal by Agent as provided in Section 6.4. Until so turned over, when such Event of Default is continuing, such payment
shall be held by such Grantor for Agent, segregated from other funds of such Grantor. 
 (b) At any time during the continuance of an Event
of Default: 
 (i) each Grantor shall, upon Agent’s request, deliver to Agent all original and other documents
evidencing, and relating to, the Contractual Obligations and transactions that gave rise to any account or any payment in respect of general intangibles, including all original orders, invoices and shipping receipts and notify account debtors that
the accounts or general intangibles have been collaterally assigned to Agent and that payments in respect thereof shall be made directly to Agent; 

(ii) In accordance with the Custodian Agreement, Agent may, without notice, at any time during the continuance of an Event of
Default, limit or terminate the authority of a Grantor to collect its accounts or amounts due under general intangibles or any thereof and, in its own name or in the name of others, communicate with account debtors to verify with them to
Agent’s satisfaction the existence, amount and terms of any account or amounts due under any general intangible. In addition, Agent may at any time enforce such Grantor’s rights against such account debtors and obligors of general
intangibles; and 
 (iii) each Grantor shall take all actions, deliver all documents and provide all information necessary or
reasonably requested by Agent to ensure any Internet Domain Name is registered. 
 (c) Anything herein to the contrary notwithstanding, each
Grantor shall remain liable under each account and each payment in respect of general intangibles to observe and perform all the conditions and obligations to be observed and performed by it thereunder, all in accordance with the terms of any
agreement giving rise thereto. No Secured Party shall have any obligation or liability under any agreement giving rise to an account or a payment in respect of a general intangible by reason of or arising out of any Credit Document or the receipt by
any Secured Party of any payment relating thereto, nor shall any Secured Party be obligated in any manner to perform any obligation of any Grantor under or pursuant to any agreement giving rise 

  
 21 

 
to an account or a payment in respect of a general intangible, to make any payment, to make any inquiry as to the nature or the sufficiency of any payment received by it or as to the sufficiency
of any performance by any party thereunder, to present or file any claim, to take any action to enforce any performance or to collect the payment of any amounts that may have been assigned to it or to which it may be entitled at any time or times.

 Section 6.3 Pledged Collateral. 

(a) Voting Rights. During the continuance of an Event of Default, upon notice by Agent to the relevant Grantor or Grantors, Agent or its
nominee may exercise (A) any voting, consent, corporate and other right pertaining to the Pledged Collateral at any meeting of shareholders, partners or members, as the case may be, of the relevant issuer or issuers of Pledged Collateral or
otherwise and (B) any right of conversion, exchange and subscription and any other right, privilege or option pertaining to the Pledged Collateral as if it were the absolute owner thereof (including the right to exchange at its discretion any
Pledged Collateral upon the merger, amalgamation, consolidation, reorganization, recapitalization or other fundamental change in the corporate or equivalent structure of any issuer of Pledged Stock, the right to deposit and deliver any Pledged
Collateral with any committee, depositary, transfer agent, registrar or other designated agency upon such terms and conditions as Agent may determine), all without liability except to account for property actually received by it; provided,
however, that Agent shall have no duty to any Grantor to exercise any such right, privilege or option and shall not be responsible for any failure to do so or delay in so doing. 

(b) Proxies. In order to permit Agent, during the continuance of an Event of Default, to exercise the voting and other consensual rights
that it may be entitled to exercise pursuant hereto and to receive all dividends and other distributions that it may be entitled to receive hereunder, if an Event of Default has occurred and is continuing, (i) each Grantor shall promptly
execute and deliver (or cause to be executed and delivered) to Agent all such proxies, dividend payment orders and other instruments as Agent may from time to time reasonably request and (ii) without limiting the effect of clause
(i) above, such Grantor hereby grants to Agent an irrevocable proxy to vote all or any part of the Pledged Collateral and to exercise all other rights, powers, privileges and remedies to which a holder of the Pledged Collateral would be
entitled (including giving or withholding written consents of shareholders, partners or members, as the case may be, calling special meetings of shareholders, partners or members, as the case may be, and voting at such meetings), which proxy shall
be effective, automatically and without the necessity of any action (including any transfer of any Pledged Collateral on the record books of the issuer thereof) by any other person (including the issuer of such Pledged Collateral or any officer or
agent thereof) during the continuance of an Event of Default and which proxy shall only terminate upon the payment in full of the Secured Obligations (other than contingent indemnification obligations to the extent no claim giving rise thereto has
been asserted). 
 (c) Authorization of Issuers. Each Grantor hereby expressly and irrevocably authorizes and instructs, without any
further instructions from such Grantor, each issuer of any Pledged Collateral pledged hereunder by such Grantor to (i) comply with any instruction received by it from Agent in writing that states that an Event of Default is continuing and is
otherwise in accordance with the terms of this Agreement and each Grantor agrees that such 

  
 22 

 
issuer shall be fully protected from Liabilities to such Grantor in so complying and (ii) if any Event of Default is continuing, unless otherwise expressly permitted hereby or the Loan
Agreement, pay any dividend or make any other payment with respect to the Pledged Collateral directly to Agent. Agent hereby agrees that it shall not give any such instructions unless an Event of Default has occurred and is continuing. 

Section 6.4 Proceeds to be Turned over to and Held by Agent. During the continuance of an Event of Default, unless
otherwise provided in the Loan Agreement or this Agreement, all proceeds of any Collateral received by any Grantor hereunder in cash or cash equivalents shall be held by such Grantor in trust for Agent and the other Secured Parties, segregated from
other funds of such Grantor, and shall, promptly upon receipt by any Grantor, be turned over to Agent in the exact form received (with any necessary endorsement). All such proceeds of Collateral and any other proceeds of any Collateral received by
Agent in cash or cash equivalents shall be held by Agent in a Cash Collateral Account. All proceeds being held by Agent in a Cash Collateral Account (or by such Grantor in trust for Agent) shall continue to be held as collateral security for the
Secured Obligations and shall not constitute payment thereof until applied as provided in the Loan Agreement. 

Section 6.5 Sale of Pledged Collateral. 

(a) Each Grantor recognizes that Agent may be unable to effect a public sale of any Pledged Collateral by reason of certain prohibitions
contained in the Securities Act of 1933 and applicable state or foreign securities laws or otherwise or may determine that a public sale is impracticable, not desirable or not commercially reasonable and, accordingly, may resort to one or more
private sales thereof to a restricted group of purchasers that shall be obliged to agree, among other things, to acquire such securities for their own account for investment and not with a view to the distribution or resale thereof. Each Grantor
acknowledges and agrees that any such private sale may result in prices and other terms less favorable than if such sale were a public sale and, notwithstanding such circumstances, agrees that any such private sale shall be deemed to have been made
in a commercially reasonable manner. Agent shall be under no obligation to delay a sale of any Pledged Collateral for the period of time necessary to permit the issuer thereof to register such securities for public sale under the Securities Act of
1933 or under applicable state securities laws even if such issuer would agree to do so. 
 (b) Each Grantor agrees that if an Event of
Default is continuing it shall use its best efforts to do or cause to be done all such other acts requested in writing by Agent as may be necessary to make such sale or sales of any portion of the Pledged Collateral pursuant to
Section 6.1 and this Section 6.5 valid and binding and in compliance with all applicable Requirements of Law. Each Grantor further agrees that a breach of any covenant contained herein will cause
irreparable injury to Agent and other Secured Parties, that Agent and the other Secured Parties have no adequate remedy at law in respect of such breach and, as a consequence, that each and every covenant contained herein shall be specifically
enforceable against such Grantor, and such Grantor hereby waives and agrees not to assert any defense against an action for specific performance of such covenants except for a defense of performance, that no Event of Default is continuing under the
Loan Agreement or payment in full of the Obligations and termination of all Commitments (other than contingent indemnification Obligations to the extent no claim giving rise thereto has been asserted). Each Grantor agrees not to enforce or exercise
its rights of contribution or subrogation upon the sale or disposition of all or any portion of the Pledged Collateral by Agent to the extent provided for in Section 2.6. 

  
 23 

 Section 6.6 Deficiency. Each Grantor shall remain liable for any deficiency if the
proceeds of any sale or other disposition of any Collateral are insufficient to pay the Secured Obligations in full. 
 ARTICLE VII

 AGENT 

Section 7.1 Agent’s Appointment as
Attorney-in-Fact. 
 (a) Each Grantor hereby irrevocably
constitutes and appoints Agent and any Related Person thereof, with full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and
authority in the place and stead of such Grantor and in the name of such Grantor or in its own name, for the purpose of carrying out the terms of the Credit Documents, to take any appropriate action and to execute any document or instrument that may
be necessary or desirable to accomplish the purposes of the Credit Documents, and, without limiting the generality of the foregoing, each Grantor hereby gives Agent and its Related Persons the power and right, on behalf of such Grantor, without
notice to or assent by such Grantor, to do any of the following after an Event of Default has occurred and is continuing: 

(i) in the name of such Grantor, in its own name or otherwise, take possession of and indorse and collect any Collateral
consisting of a check, draft, note, acceptance or other instrument for the payment of moneys due under any account or general intangible or with respect to any other Collateral and file any claim or take any other action or proceeding in any court
of law or equity or otherwise deemed appropriate by Agent for the purpose of collecting any such moneys due under any Collateral consisting of an account or general intangible or with respect to any other Collateral whenever payable; 

(ii) in the case of any Intellectual Property owned by or licensed to such Grantor and constituting Collateral, execute,
deliver and have recorded any document that Agent may request to evidence, effect, publicize or record Agent’s security interest in such Intellectual Property and the goodwill and general intangibles of such Grantor relating thereto or
represented thereby; 
 (iii) pay or discharge taxes and Liens (other than Permitted Liens) levied or placed on or threatened
against any Collateral, effect any repair or pay any insurance called for by the terms of the Loan Agreement (including all or any part of the premiums therefor and the costs thereof); 

(iv) execute, in connection with any sale provided for in Section 6.1 or 6.5, any document to
effect or otherwise necessary or appropriate in relation to evidence the sale of any Collateral; or 

  
 24 

 (v) (A) direct any party liable for any payment under any Collateral to make
payment of any moneys due or to become due thereunder directly to Agent or as Agent shall direct, (B) ask or demand for, and collect and receive payment of and receipt for, any moneys, claims and other amounts due or to become due at any time
in respect of or arising out of any Collateral, (C) sign and indorse any invoice, freight or express bill, bill of lading, storage or warehouse receipt, draft against debtors, assignment, verification, notice and other document in connection
with any Collateral, (D) commence and prosecute any suit, action or proceeding at law or in equity in any court of competent jurisdiction to collect any Collateral and to enforce any other right in respect of any Collateral, (E) defend any
actions, suits, proceedings, audits, claims, demands, orders or disputes brought against such Grantor with respect to any Collateral, (F) settle, compromise or adjust any such actions, suits, proceedings, audits, claims, demands, orders or
disputes and, in connection therewith, give such discharges or releases as Agent may deem appropriate, (G) assign Collateral consisting of Intellectual Property owned by such Grantor or any IP Licenses of such Grantor throughout the world on
such terms and conditions and in such manner as Agent shall in its sole discretion determine, including the execution and filing of any document necessary to effectuate or record such assignment and (H) generally, sell, assign, convey, transfer
or grant a Lien on, make any Contractual Obligation with respect to and otherwise deal with, any Collateral as fully and completely as though Agent were the absolute owner thereof for all purposes and do, at Agent’s option, at any time or from
time to time, all acts and things that Agent deems necessary to protect, preserve or realize upon any Collateral and the Secured Parties’ security interests therein and to effect the intent of the Credit Documents, all as fully and effectively
as such Grantor might do. Notwithstanding anything to the contrary herein, the Agent shall not assign or otherwise dispose of any Trademark owned by any Grantor without assigning the assets and goodwill of the business associated therewith and any
such assignment shall be null and void. 
 (vi) If any Grantor fails to perform or comply with any Contractual Obligation
contained herein, Agent, at its option, but without any obligation so to do, may perform or comply, or otherwise cause performance or compliance, with such Contractual Obligation. 

Anything in this Section 7.1(a) to the contrary notwithstanding, the Agent agrees that it will not exercise any rights under the power of
attorney and proxy provided for in this Section 7.1(a) unless an Event of Default shall have occurred and be continuing. 
 (b) The
reasonable and documented out of pocket costs and expenses of Agent, in each case subject to the limitations set forth in Section 10.7 of the Loan Agreement, incurred in connection with actions undertaken as provided in
this Section 7.1, together with interest thereon at the default rate set forth in the Loan Agreement, from the date of payment by Agent to the date reimbursed by the relevant Grantor, shall be payable by such Grantor to
Agent promptly (but in no event later than thirty (30) days) following written demand therefore by Agent to such Grantor. 
 (c) During
the effectiveness of this Agreement, each Grantor hereby ratifies all that said attorneys shall lawfully do or cause to be done by virtue of this Section 7.1. All powers, authorizations and agencies contained in this
Agreement are coupled with an interest and are irrevocable until this Agreement is terminated and the security interests created hereby are released. 

  
 25 

 Section 7.2 Authorization to File Financing Statements. Each Grantor authorizes
Agent and its Related Persons, at any time and from time to time, to file or record financing statements, amendments thereto, and other filing or recording documents or instruments with respect to any Collateral in such form and in such offices as
Agent reasonably determines appropriate to perfect, or continue or maintain perfection of, the security interests of Agent under this Agreement, and such financing statements and amendments may describe the Collateral covered thereby as “all
assets of the debtor,” “all assets of the debtor whether now existing or hereafter arising” or words of similar import. A copy of this Agreement shall be sufficient as a financing statement or other filing or recording document or
instrument for filing or recording in any jurisdiction. Such Grantor also hereby ratifies its authorization for Agent to have filed any initial financing statement or amendment thereto under the UCC (or other similar laws) in effect in any
jurisdiction if filed prior to the date hereof. Each Grantor hereby (i) waives any right under the UCC or any other Requirement of Law to receive notice and/or copies of any filed or recorded financing statements, amendments thereto,
continuations thereof or termination statements and (ii) releases and excuses each Secured Party from any obligation under the UCC or any other Requirement of Law to provide notice or a copy of any such filed or recorded documents. 

Section 7.3 Authority of Agent. Each Grantor acknowledges that the rights and responsibilities of Agent under this Agreement
with respect to any action taken by Agent or the exercise or non-exercise by Agent of any option, voting right, request, judgment or other right or remedy provided for herein or resulting or arising out of
this Agreement shall, as between Agent and the other Secured Parties, be governed by the Loan Agreement and by such other agreements with respect thereto as may exist from time to time among them, but, as between Agent and any Grantor, Agent shall
be conclusively presumed to be acting as agent for the Secured Parties with full and valid authority so to act or refrain from acting, and no Grantor shall be under any obligation or entitlement to make any inquiry respecting such authority. 

Section 7.4 Duty; Obligations and Liabilities. 

(a) Duty of Agent. Agent’s sole duty with respect to the custody, safekeeping and physical preservation of the Collateral in its
possession shall be to deal with it in the same manner as Agent deals with similar property for its own account. The powers conferred on Agent hereunder are solely to protect Agent’s interest in the Collateral and shall not impose any duty upon
Agent to exercise any such powers. Agent shall be accountable only for amounts that it receives as a result of the exercise of such powers, and neither it nor any of its Related Persons shall be responsible to any Grantor for any act or failure to
act hereunder, except for their own gross negligence or willful misconduct as determined by a court of competent jurisdiction. In addition, Agent shall not be liable or responsible for any loss or damage to any Collateral, or for any diminution in
the value thereof, by reason of the act or omission of any warehousemen, carrier, forwarding agency, consignee or other bailee if such Person has been selected by Agent in good faith. 

  
 26 

 (b) Obligations and Liabilities with respect to Collateral. No Secured Party and no
Related Person thereof shall be liable for failure to demand, collect or realize upon any Collateral or for any delay in doing so or shall be under any obligation to sell or otherwise dispose of any Collateral upon the request of any Grantor or any
other Person or to take any other action whatsoever with regard to any Collateral. The powers conferred on Agent hereunder shall not impose any duty upon any other Secured Party to exercise any such powers. The other Secured Parties shall be
accountable only for amounts that they actually receive as a result of the exercise of such powers, and neither they nor any of their respective officers, directors, employees or agents shall be responsible to any Grantor for any act or failure to
act hereunder, except for their own gross negligence or willful misconduct as determined by a court of competent jurisdiction. 
 ARTICLE
VIII 
 MISCELLANEOUS 

Section 8.1 Reinstatement. Each Grantor agrees that, if any payment made by any Grantor or other Person and applied to the
Secured Obligations is at any time annulled, avoided, set aside, rescinded, invalidated, declared to be fraudulent or preferential or otherwise required to be refunded or repaid, or the proceeds of any Collateral are required to be returned by any
Secured Party to such Grantor, its estate, trustee, receiver or any other party, including any Grantor, under any bankruptcy law, state or federal law, common law or equitable cause, then, to the extent of such payment or repayment, any Lien or
other Collateral securing such liability shall be and remain in full force and effect, as fully as if such payment had never been made. If, prior to any of the foregoing, (a) any Lien or other Collateral securing such Grantor’s liability
hereunder shall have been released or terminated by virtue of the foregoing or (b) any provision of the Guaranty hereunder shall have been terminated, cancelled or surrendered, such Lien, other Collateral or provision shall be reinstated in
full force and effect and such prior release, termination, cancellation or surrender shall not diminish, release, discharge, impair or otherwise affect the obligations of any such Grantor in respect of any Lien or other Collateral securing such
obligation or the amount of such payment. 
 Section 8.2 Release of Collateral. 

(a) At the time provided in Section 10.18 or 11.10 of the Loan Agreement, the Collateral shall be released from the
Lien created hereby and this Agreement and all guarantees and other obligations (other than those expressly stated to survive such termination) of Agent and each Grantor hereunder shall terminate, all without delivery of any instrument or
performance of any act by any party, and all rights to the Collateral shall revert to the Grantors. Each Grantor is hereby authorized to file UCC amendments, termination statements and such other documents as may be necessary or appropriate at such
time evidencing the termination of the Liens so released. At the request of any Grantor following any such termination, Agent shall promptly deliver to such Grantor any Collateral of such Grantor held by Agent hereunder and execute and deliver to
such Grantor such documents as such Grantor shall reasonably request to evidence such termination. 

  
 27 

 (b) If Agent shall be directed or permitted pursuant to Section 10.18 or
11.10 of the Loan Agreement to release any Lien or any Collateral, such Collateral shall be released from the Lien created hereby to the extent provided under, and subject to the terms and conditions set forth in such
Section 10.18 or Section 11.10, as the case may be. In connection therewith, Agent, at the request of any Grantor, shall execute and deliver to such Grantor such documents as such Grantor shall reasonably
request to evidence such release. 
 Section 8.3 Independent Obligations. The obligations of each Grantor hereunder are
independent of and separate from the Secured Obligations and the Guaranteed Obligations. If any Secured Obligation or Guaranteed Obligation is not paid when due, or during the continuance of any Event of Default, Agent may, at its sole election,
proceed directly and at once, without notice, against any Grantor and any Collateral to collect and recover the full amount of any Secured Obligation or Guaranteed Obligation then due, without first proceeding against any other Grantor or any other
Collateral and without first joining any other Grantor in any proceeding. 
 Section 8.4 No Waiver by Course of Conduct.
No Secured Party shall by any act (except by a written instrument pursuant to Section 8.5), delay, indulgence, omission or otherwise be deemed to have waived any right or remedy hereunder or to have acquiesced in any
Default or Event of Default. No failure to exercise, nor any delay in exercising, on the part of any Secured Party, any right, power or privilege hereunder shall operate as a waiver thereof. No single or partial exercise of any right, power or
privilege hereunder shall preclude any other or further exercise thereof or the exercise of any other right, power or privilege. A waiver by any Secured Party of any right or remedy hereunder on any one occasion shall not be construed as a bar to
any right or remedy that such Secured Party would otherwise have on any future occasion. 
 Section 8.5 Amendments in Writing.
None of the terms or provisions of this Agreement may be waived, amended, supplemented or otherwise modified except in accordance with Section 10.2 of the Loan Agreement; provided, however, that annexes to
this Agreement may be supplemented (but no existing provisions may be modified and no Collateral may be released) through Pledge Amendments and Joinder Agreements, in substantially the form of Annex 1 and Annex 2, respectively, in each case duly
executed by Agent and each Grantor directly affected thereby and (ii) the Schedules hereto may be supplemented by the Grantors as provided herein. 

Section 8.6 Additional Grantors; Additional Pledged Collateral. 

(a) Joinder Agreements. If, at the option of a Borrower or as required by the Loan Agreement, a Borrower shall cause any Subsidiary that
is not a Grantor to become a Grantor hereunder, such Subsidiary shall execute and deliver to Agent a Joinder Agreement substantially in the form of Annex 2 and shall thereafter for all purposes be a party hereto and have the same rights, benefits
and obligations as a Grantor party hereto on the Closing Date. 
 (b) Pledge Amendments. To the extent any Pledged Collateral has not
been delivered as of the Closing Date, such Grantor shall deliver a pledge amendment duly executed by the Grantor in substantially the form of Annex 1 (each, a “Pledge Amendment”). Such Grantor authorizes Agent to attach each Pledge
Amendment to this Agreement. 

  
 28 

 Section 8.7 Notices. All notices, requests and demands to or upon Agent or any
Grantor hereunder shall be effected in the manner provided for in Section 10.4 of the Loan Agreement; provided, however, that any such notice, request or demand to or upon any Grantor shall be addressed to the
Borrowers’ notice address set forth in such Section 10.4. 
 Section 8.8 Successors and
Assigns. This Agreement shall be binding upon the successors and assigns of each Grantor and shall inure to the benefit of each Secured Party and their successors and assigns; provided, however, that no Grantor may assign, transfer
or delegate any of its rights or obligations under this Agreement without the prior written consent of Agent. 
 Section 8.9
Counterparts. This Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute
one and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart. Delivery of an executed signature page of this Agreement by facsimile transmission or by Electronic Transmission
shall be as effective as delivery of a manually executed counterpart hereof. 
 Section 8.10 Severability. Any provision
of this Agreement being held illegal, invalid or unenforceable in any jurisdiction shall not affect any part of such provision not held illegal, invalid or unenforceable, any other provision of this Agreement or any part of such provision in any
other jurisdiction. 
 Section 8.11 Governing Law. This Agreement and the rights and obligations of the parties hereto
shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 
 Section 8.12
Waiver of Jury Trial. THE PARTIES HERETO, TO THE EXTENT PERMITTED BY LAW, WAIVE ALL RIGHT TO TRIAL BY JURY IN ANY ACTION, SUIT, OR PROCEEDING ARISING OUT OF, IN CONNECTION WITH OR RELATING TO, THIS AGREEMENT, THE OTHER CREDIT DOCUMENTS AND
ANY OTHER TRANSACTION CONTEMPLATED HEREBY OR THEREBY. THIS WAIVER APPLIES TO ANY ACTION, SUIT OR PROCEEDING WHETHER SOUNDING IN TORT, CONTRACT OR OTHERWISE. EACH GRANTOR AGREES TO BE BOUND BY THE PROVISIONS OF SECTION 10.10 THE LOAN AGREEMENT. 

[Signature Pages Follow] 

  
 29 

 IN WITNESS WHEREOF, each of the undersigned has caused this Guaranty and Security Agreement to be
duly executed and delivered as of the date above written. 
  

			
	 CURO RECEIVABLES FINANCE I, LLC
 as
a Grantor

		
	By:	 	 /s/ Donald F. Gayhardt Jr.

		 	Name: Donald F. Gayhardt Jr.
		 	Title: President & Chief Executive Officer

  

			
	 CURO RECEIVABLES HOLDINGS I, LLC
 as
a Grantor

		
	By:	 	 /s/ Donald F. Gayhardt Jr.

		 	Name: Donald F. Gayhardt Jr.
		 	Title: President & Chief Executive Officer

  

			
	 ACCEPTED AND AGREED

as of the date first above written:

	
	 VICTORY PARK MANAGEMENT, LLC,

as Agent

		
	By:	 	 /s/ Scott R. Zemnick

		 	Name: Scott R. Zemnick
		 	Title: Authorized Signatory

  
 [Signature Page to
Guaranty and Security Agreement] 

 ANNEX 1 

TO 
 GUARANTY AND SECURITY AGREEMENT1 
 FORM OF PLEDGE AMENDMENT 

This Pledge Amendment, dated as of
                    , 20    , is delivered pursuant to Section 8.6 of the Guaranty and Security
Agreement, dated as of November 17, 2016 by Curo Receivables Finance I, LLC, as the Borrower Agent, and CURO Receivables Holdings I, LLC, as a Grantor, the undersigned Grantor and the other Persons from time to time party thereto as Grantors in
favor of Victory Park Management, LLC, as Agent for the Secured Parties referred to therein (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty and Security Agreement”).
Capitalized terms used herein without definition are used as defined in the Guaranty and Security Agreement. 
 The undersigned hereby
agrees that this Pledge Amendment may be attached to the Guaranty and Security Agreement and that the Pledged Collateral listed on Annex 1-A to this Pledge Amendment shall be and become part of the
Collateral referred to in the Guaranty and Security Agreement and shall secure all Obligations of the undersigned. 
 The undersigned hereby
represents and warrants that each of the representations and warranties contained in Sections 4.1, 4.2, 4.3 and 4.8 of the Guaranty and Security Agreement is true and correct and as of the date hereof as if made on and as
of such date (except to the extent that such representation or warranty expressly relates to an earlier date or period, in which event such representation and warranty shall be true and correct as of such earlier date or period). 

 

			
	[GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
  

To be used for pledge of Additional Pledged Collateral by existing Grantor. 
  

  
 A1-1 

 Annex 1-A 

PLEDGED STOCK 
  

									
	 ISSUER
	  	 CLASS
	  	 CERTIFICATE

NO(S).
	  	 PAR VALUE
	  	 NO. OF

SHARES,
 UNITS OR

INTERESTS

PLEDGED DEBT INSTRUMENTS 
  

									
	 ISSUER
	  	 DESCRIPTION OF

DEBT
	  	 CERTIFICATE

NO(S).
	  	 FINAL

MATURITY
	  	 PRINCIPAL

AMOUNT

  
 A1-2 

			
	 ACKNOWLEDGED AND AGREED
 as of the
date first above written:

	
	 VICTORY PARK MANAGEMENT, LLC,
 as
Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 A1-3 

 ANNEX 2 

TO 
 GUARANTY AND SECURITY AGREEMENT

 FORM OF JOINDER AGREEMENT 

This JOINDER AGREEMENT, dated as of
                    , 20    , is delivered pursuant to Section 8.6 of the Guaranty and Security
Agreement, dated as of November 17, 2016, by CURO Receivables Finance I, LLC, as the Borrower Agent, and CURO Receivables Holdings I, LLC, each as a Grantor and the other Persons from time to time party thereto as Grantors in favor of Victory
Park Management, LLC, as Agent for the Secured Parties referred to therein (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty and Security Agreement”). Capitalized terms
used herein without definition are used as defined in the Guaranty and Security Agreement. 
 By executing and delivering this Joinder
Agreement, the undersigned, as provided in Section 8.6 of the Guaranty and Security Agreement, hereby becomes a party to the Guaranty and Security Agreement as a Grantor thereunder with the same force and effect as if
originally named as a Grantor therein and, without limiting the generality of the foregoing, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the
Secured Obligations of the undersigned, hereby grants to Agent for the benefit of the Secured Parties a security interest in, all of its right, title and interest in, to and under the Collateral of the undersigned; provided, however,
notwithstanding the foregoing, no security interest is hereby granted in, and the Collateral shall not include, any Excluded Property. The undersigned hereby agrees to be bound as a Grantor for the purposes of the Guaranty and Security Agreement and
expressly assumes all obligations and liabilities of a Grantor thereunder. 
 The undersigned shall supplement as applicable the information
set forth in Schedules 1, 2, 3 and 4 to the Guaranty and Security Agreement and Schedules III, 4.2, 4.16 , 4.17 and 4.23 to the Loan Agreement. By acknowledging and agreeing to this
Joinder Agreement, the undersigned hereby agree that this Joinder Agreement may be attached to the Guaranty and Security Agreement and that the additional Collateral referenced above shall be and become part of the Collateral referred to in the
Guaranty and Security Agreement and shall secure all Secured Obligations of the undersigned. 
 The undersigned hereby represents and
warrants that the representations and warranties of the undersigned contained in Article IV of the Guaranty and Security Agreement applicable to it are true and correct in all material respects (without duplication of any materiality
qualifier contained therein) on and as the date hereof as if made on and as of such date except to the extent that such representation or warranty expressly relates to an earlier date or period (in which event such representations and warranties
were true and correct in all material respects (without duplication of any materiality qualifier contained therein) as of such earlier date or period). 

  
 A2-1 

 IN WITNESS WHEREOF, THE UNDERSIGNED HAS CAUSED THIS JOINDER AGREEMENT TO BE DULY EXECUTED AND
DELIVERED AS OF THE DATE FIRST ABOVE WRITTEN. 
  

			
	[ADDITIONAL GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  
 A2-2 

			
	 ACKNOWLEDGED AND AGREED
 as of the
date first above written:

	
	[EACH OTHER GRANTOR]
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	 VICTORY PARK MANAGEMENT, LLC,
 as
Agent

		
	By:	 	  

		 	Name:
		 	Title:

  
 A2-3 

 ANNEX 3 

TO 
 GUARANTY AND SECURITY AGREEMENT

 FORM OF INTELLECTUAL PROPERTY SECURITY AGREEMENT1 

THIS [COPYRIGHT] [PATENT] [TRADEMARK] SECURITY AGREEMENT, dated as of
                    , 20    , is made by each of the entities listed on the signature pages hereof (each a
“Grantor” and, collectively, the “Grantors”), in favor of Victory Park Management, LLC (“VPC”), as agent (in such capacity, together with its successors and permitted assigns, “Agent”) for
the Secured Parties (as defined in the Loan Agreement referred to below). 
 W I T N E S S E T H: 

WHEREAS, pursuant to the Loan Agreement, dated as of November 17, 2016 (as the same may be amended, restated, supplemented or otherwise
modified from time to time, the “Loan Agreement”), by and among the Borrowers, the Lenders from time to time party thereto and VPC, as Agent, the Lenders have severally agreed to make extensions of credit to the Borrowers upon the
terms and subject to the conditions set forth therein; 
 WHEREAS, each Grantor has agreed, pursuant to a Guaranty and Security Agreement of
even date herewith in favor of Agent (as such agreement may be amended, restated, supplemented or otherwise modified from time to time, the “Guaranty and Security Agreement”), to guarantee the Obligations (as defined in the
Loan Agreement) of each Borrower; and 
 WHEREAS, all of the Grantors are party to the Guaranty and Security Agreement pursuant to which the
Grantors are required to execute and deliver this [Copyright] [Patent] [Trademark] Security Agreement; 
 NOW, THEREFORE, in
consideration of the premises and to induce the Lenders and Agent to enter into the Loan Agreement and to induce the Lenders to make extensions of credit to the Borrowers thereunder, each Grantor hereby agrees with Agent as follows: 

Section 1. Defined Terms. Capitalized terms used herein without definition are used as defined in the
Guaranty and Security Agreement. 
 Section 2. Grant of Security Interest in [Copyright] [Trademark] [Patent]
Collateral. Each Grantor, as collateral security for the prompt and complete payment and performance when due (whether at stated maturity, by acceleration or otherwise) of the Secured Obligations of such Grantor, hereby grants to Agent for the
benefit of the Secured Parties a Lien on and security interest in, all of its right, title and interest in, to and under the following Collateral of such Grantor (the “[Copyright] [Patent] [Trademark] Collateral”):

  
  

	1 	Separate agreements should be executed relating to each Grantor’s respective Copyrights, Patents, and Trademarks. 

  
 A3-1 

 (a) [all of its Copyrights and all IP Licenses providing for the grant by or to such Grantor
of any right under any Copyright, including, without limitation, those referred to on Schedule 1 hereto; 
 (b)
all renewals, reversions and extensions of the foregoing; and 
 (c) all income, royalties, proceeds and Liabilities at any time
due or payable or asserted under and with respect to any of the foregoing, including, without limitation, all rights to sue and recover at law or in equity for any past, present and future infringement, misappropriation, violation or other
impairment thereof.] 
 or 
 (d) [all of
its Patents and all IP Licenses providing for the grant by or to such Grantor of any right under any Patent, including, without limitation, those referred to on Schedule 1 hereto; 

(e) all reissues, reexaminations, continuations,
continuations-in-part, divisionals and extensions of the foregoing; and 

(f) all income, royalties, proceeds and Liabilities at any time due or payable or asserted under and with respect to any of the foregoing,
including, without limitation, all rights to sue and recover at law or in equity for any past, present and future infringement, misappropriation, violation or other impairment thereof.] 

or 
 (g) [all of its Trademarks and all IP
Licenses providing for the grant by or to such Grantor of any right under any Trademark, including, without limitation, those referred to on Schedule 1 hereto; 

(h) all renewals and extensions of the foregoing; 

(i) all goodwill of the business connected with the use of, and symbolized by, each such Trademark; and 

(j) all income, royalties, proceeds and Liabilities at any time due or payable or asserted under and with respect to any of the foregoing,
including, without limitation, all rights to sue and recover at law or in equity for any past, present and future infringement, misappropriation, dilution, violation or other impairment thereof.] 

(k) Notwithstanding the foregoing, no security interest or Lien on any Trademark shall be deemed granted in, nor shall any such security
interest or Lien attach to, any Trademark application filed on an intent to use basis until such time, as any, as a statement of use or affidavit alleging use is filed with the United States Patent and Trademark Office. 

  
 A3-2 

 Section 3. Guaranty and Security Agreement. The security
interest granted pursuant to this [Copyright] [Patent] [Trademark] Security Agreement is granted in conjunction with the security interest granted to Agent pursuant to the Guaranty and Security Agreement and each Grantor hereby acknowledges
and agrees that the rights and remedies of Agent with respect to the security interest in the [Copyright] [Patent] [Trademark] Collateral made and granted hereby are more fully set forth in the Guaranty and Security Agreement. In the event of
any conflict between the provisions of this [Copyright] [Patent] [Trademark] Security Agreement and the Guaranty and Security Agreement, the Guaranty and Security Agreement shall govern. 

Section 4. Grantor Remains Liable. Each Grantor hereby agrees that, anything herein to the contrary
notwithstanding, such Grantor shall assume full and complete responsibility for the prosecution, defense, enforcement or any other necessary or desirable actions in connection with their [Copyrights] [Patents] [Trademarks] and IP Licenses
subject to a security interest hereunder. 
 Section 5. Counterparts. This [Copyright] [Patent]
[Trademark] Security Agreement may be executed in any number of counterparts and by different parties in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute one
and the same agreement. Signature pages may be detached from multiple separate counterparts and attached to a single counterpart. 

Section 6. Governing Law. This [Copyright] [Patent] [Trademark] Security Agreement and the rights and
obligations of the parties hereto shall be governed by, and construed and interpreted in accordance with, the law of the State of New York. 

[SIGNATURE PAGES FOLLOW] 

  
 A3-3 

 IN WITNESS WHEREOF, each Grantor has caused this [Copyright] [Patent] [Trademark]
Security Agreement to be executed and delivered by its duly authorized officer as of the date first set forth above. 
  

			
	[GRANTOR]
	        as Grantor
		
	By:	 	  

		 	Name:
		 	Title:

  

			
	 ACCEPTED AND AGREED
 as of the date
first above written:

	
	VICTORY PARK MANAGEMENT, LLC, as Agent
		
	By:	 	  

		 	Name:
		 	Title:

 [SIGNATURE PAGE TO [COPYRIGHT] [PATENT] [TRADEMARK] SECURITY AGREEMENT] 

  
 A3-4 

 SCHEDULE I 

TO 
 [COPYRIGHT] [PATENT]
[TRADEMARK] SECURITY AGREEMENT 
 [Copyright] [Patent] [Trademark] Registrations 

 

	 	1.	REGISTERED [COPYRIGHTS] [PATENTS] [TRADEMARKS] 

 [Include Registration Number and
Date] 
  

	 	2.	[COPYRIGHT] [PATENT] [TRADEMARK] APPLICATIONS 

 [Include Application Number and Date]

  

	 	3.	IP LICENSES 

 [Include complete legal description of agreement (name of agreement, parties
and date)] 

 Schedule 1 

Commercial Tort Claims 
 None. 

 Schedule 2 

Filings 
  

							
	 Type of Filing
	  	 Entity
	  	 Applicable

Collateral Document
	  	 Jurisdiction

	 UCC-1
	  	 CURO Receivables

Holdings I, LLC
	  	Guaranty and Security Agreement	  	 Delaware Secretary of

State

				
	 UCC-1
	  	 CURO Receivables

Finance I, LLC
	  	Loan Agreement	  	 Delaware Secretary of

State

 Schedule 3 

Pledged Collateral 
  

					
	 Grantor
	  	 Pledged Stock
	  	 Jurisdiction of Pledged

Stock Entity

	 CURO Receivables Holdings
	  	CURO Receivables Finance I, LLC	  	Delaware
	 I, LLC
	  	(100%)	  	
		  		  	

 Schedule 4 

Intellectual Property 
  

							
	Trademark	 	Serial No.	 	 Registration

No.
	  	 Registration

Date

	None	 	N/A	 	N/A	  	N/AEX-10.49

 Exhibit 10.49 

EXECUTION VERSION 

AMENDED AND RESTATED INTERCREDITOR AGREEMENT 

THIS AMENDED AND RESTATED INTERCREDITOR AGREEMENT (this “Intercreditor Agreement”), dated as of November 17, 2016, is by
and among VICTORY PARK MANAGEMENT, LLC, as collateral agent for the First Lien Lenders defined below (in such capacity, “First Lien Agent” as hereinafter further defined), and WILMINGTON TRUST, NATIONAL ASSOCIATION (as successor by
merger to Wilmington Trust FSB), as collateral agent under the Indenture (as hereinafter defined) for the other Second Lien Creditors defined below (together with its successors and assigns, in such capacity, “Second Lien Agent” as
hereinafter further defined). 
 R E C I T A L S: 

A. First Lien Administrative Agent (as hereafter defined) and the other First Lien Lenders have entered into one or more financing
arrangements with Borrower (as hereinafter defined), pursuant to which the First Lien Lenders have made and may, upon certain terms and conditions, continue to make loans and provide other financial accommodations to Borrower secured by liens on and
security interests in substantially all of the assets and properties of Borrower and the other Obligors (as defined herein). 
 B. Borrower,
the other Obligors named therein and Wilmington Trust, National Association (as successor by merger to Wilmington Trust FSB), as trustee and collateral agent, have entered into the Indenture, pursuant to which Borrower has issued, and the
Noteholders have purchased, the Notes (as hereinafter defined), which Notes are secured by liens on and security interests in substantially all of the assets and properties of Borrower and the other Obligors. 

C. Jefferies Finance LLC (the “Original First Lien Agent”) and Second Lien Agent have entered into that certain Intercreditor
Agreement dated as of May 12, 2011, (as amended by (i) the First Amendment thereto, dated as of September 9, 2011, (ii) the Second Amendment thereto, dated as of May 17, 2012, and (iii) as amended by the Third Amendment thereto
dated as of February 8, 2013, the “Original Intercreditor Agreement”) 
 D. The First Lien Agent, the Borrowers and the
other Obligors have entered into the First Lien Credit Agreements (as defined below) and, pursuant to Section 4.3(a) of the Original Intercreditor Agreement, the First Lien Credit Agreements shall be treated as a replacement for the Credit
Agreement, dated as of May 12, 2011, by and among the Borrower, the other Obligors, the Original First Lien Administrative Agent and certain other lenders party thereto. 

E. First Lien Agent, on behalf of the First Lien Lenders, and Second Lien Agent, on behalf of itself and the other Second Lien Creditors, enter
into this Amended and Restated Intercreditor Agreement to (i) confirm the relative priorities of the Liens (as defined herein) of First Lien Agent, on behalf of itself and the First Lien Lenders, and Second Lien Agent, on behalf of itself and
the other Second Lien Creditors, in the assets and properties of Borrower and the other Obligors, and (ii) provide for the orderly sharing among them, in accordance with such priorities, of the proceeds of such assets and properties upon any
foreclosure thereon or other disposition thereof. 

  
 Intercreditor and Subordination
Agreement 

 In consideration of the mutual benefits accruing to First Lien Agent, the First Lien Lenders,
Second Lien Agent and the other Second Lien Creditors hereunder and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the parties hereto do hereby agree to amend and restate the Original
Intercreditor Agreement and the Original Intercreditor Agreement is hereby amended and restated as follows: 
 1. DEFINITIONS

 As used above and in this Intercreditor Agreement, the following terms shall have the meanings ascribed to them below: 

1.1 “Agreements” shall mean, collectively, the First Lien Loan Agreements and the Indenture Documents. 

1.2 “Banking Services” shall mean each and any of the following bank services provided to Borrower or any other Obligor by any
Cash Management Creditor (as hereafter defined): (a) commercial credit cards, (b) stored value cards and (c) treasury management services (including, without limitation, controlled disbursement, automated clearinghouse transactions, return
items, overdrafts, netting and interstate depository network services). 
 1.3 “Banking Services Obligations” of Borrower
and the other Obligors shall mean any and all obligations of Borrower or the other Obligors, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications
thereof and substitutions therefor) in connection with Banking Services. 
 1.4 “Borrower” shall mean Curo Intermediate
Holdings Corp., a Delaware corporation, and its successors and assigns, including, without limitation, any receiver, trustee or debtor-in-possession on its behalf or on
behalf of any of its successors or assigns. 
 1.5 “Cash Management Creditor” shall mean any First Lien Lender party to
either First Lien Credit Agreement or any Affiliate (as defined in the First Lien Credit Agreement) thereof that provides Banking Services to Borrower or any other Obligor. 

1.6 “Collateral” shall mean all assets and properties of any kind whatsoever, real or personal, tangible or intangible and
wherever located, whether now owned or hereafter acquired, of Borrower or any other Obligor in which a security interest is granted (or purported to be granted) under any of the Agreements. 

  
 Intercreditor and Subordination
Agreement 
  
 2 

 1.7 “Creditors” shall mean, collectively, First Lien Agent, the First Lien
Lenders, Second Lien Agent, Trustee and the other Second Lien Creditors, and their respective successors and assigns, being sometimes referred to herein individually as a “Creditor.” 

1.8 “Default” shall mean a “Default” or an “Event of Default” or similar term, as such terms are defined
in the First Lien Credit Agreement, and a “Default” or an “Event of Default” or similar term, as such terms are defined in the Indenture, so long as any such Agreement is in effect. 

1.9 “Enforcement Action” shall mean the exercise of any rights and remedies in respect of Collateral securing the First Lien
Obligations or the Second Lien Obligations by the applicable Creditor or Creditors including, without limitation, (a) any action by any Creditor to foreclose on the Lien of such Person in any Collateral, (b) any action by any Creditor to
take possession of, sell or otherwise realize (judicially or non-judicially) upon any Collateral (including, without limitation, by setoff or notification of account debtors), and/or (c) the commencement
by any Creditor of any legal proceedings against Borrower or any other Obligor or with respect to any Collateral to facilitate the actions described in clauses (a) and (b) above. 

1.10 “First Lien Administrative Agent” shall mean Victory Park Management, LLC, in its capacity as administrative agent for
the First Lien Lenders, and its successors and assigns acting in a similar capacity under any First Lien Credit Agreement. 
 1.11
“First Lien Agent” shall mean Victory Park Management, LLC, in its capacity as collateral agent for the First Lien Lenders under the First Lien Credit Agreement, and its successors and assigns acting in a similar capacity under the
First Lien Credit Agreement. 
 1.12 “First Lien Credit Agreements ” shall mean (i) the Short Term Credit Agreement,
dated as of November 17, 2016, by and among Borrower, Curo Financial Technologies Corp., a Delaware corporation (“Holdings”), First Lien Administrative Agent and certain other First Lien Lenders party thereto, and (ii) the
Revolving Credit Agreement, dated as of November 17, 2016, by and among Borrower, Holdings, First Lien Administrative Agent and certain other First Lien Lenders party thereto, for both as the same now exists or may hereafter be amended,
modified, supplemented, extended, replaced, renewed, refinanced or restated from time to time in accordance with the terms of this Intercreditor Agreement. 

1.13 “First Lien Default” shall mean a Default under the First Lien Credit Agreement. 

1.14 “First Lien Lenders” shall mean, collectively, (i) First Lien Administrative Agent, (ii) Victory Park
Management, LLC, in its capacity as a lender under the First Lien Credit Agreements and each of the other lenders (including issuing lenders of letters of credit) now or hereafter party to either of the First Lien Credit Agreements from time to
time, (iii) all Hedging Creditors (as hereafter defined), (iv) all Cash Management Creditors, and (v) in each case in respect of preceding clauses (i) through (iv), their respective successors and assigns (including any other lender
or group of lenders that at any time succeeds to or refinances, replaces or substitutes for all or any portion of the First Lien Obligations at any time and from time to time). 

  
 Intercreditor and Subordination
Agreement 
  
 3 

 1.15 “First Lien Loan Agreements” shall mean, collectively, (i) the First
Lien Credit Agreements, (ii) all agreements, confirmations and other documents entered into or evidencing any Hedging Transaction, (iii) all agreements and other documents entered into or evidencing any Banking Services and (iv) all
other agreements, documents, notes, guaranties, collateral documents and instruments at any time executed and/or delivered by Borrower or any other Obligor with, to or in favor of First Lien Agent and/or the First Lien Lenders in connection
therewith or related thereto, including all “Credit Documents” or any similar term as defined in the First Lien Credit Agreements, as applicable, as all of the foregoing now exist or may hereafter be amended, modified, supplemented,
extended, replaced, renewed, refinanced or restated from time to time. 
 1.16 “First Lien Obligations” shall mean any and
all obligations, liabilities and indebtedness of every kind, nature and description owing by Borrower or any other Obligor (including, without limitation, Hedging Obligations and Banking Services Obligations) to First Lien Agent and the First Lien
Lenders evidenced by or arising under any of the First Lien Loan Agreements, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or unliquidated, including (without limitation)
principal, premium, interest, reimbursement, obligations, charges, fees, obligations to post cash collateral, costs, indemnities and expenses (including, without limitation, attorneys’ and consultant fees and expenses), however evidenced,
whether as principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of any of the First Lien Loan Agreements or after the commencement of
any Insolvency Proceeding with respect to Borrower or any other Obligor (and including, without limitation, the payment of interest, fees and expenses which would accrue and become due but for the commencement of such Insolvency Proceeding at the
applicable rate provided for in the respective First Loan Agreements, whether or not such interest, fees or expenses is allowed or allowable in whole or in part in any such Insolvency Proceeding), and in each case, whether or not allowed or
allowable in an Insolvency Proceeding, provided that, for purposes of this Intercreditor Agreement, the term “First Lien Obligations” shall not include the principal amount of loans, the face amount of letter of credit
accommodations, Fledging Obligations and Banking Services Obligations in excess of the Maximum First Lien Obligations. The foregoing limitation shall not apply to, and the term “First Lien Obligations” shall include, obligations consisting
of interest and fees, costs or expenses (except for that portion of interest and fees attributable to the portion of the First Lien Obligations that exceeds the Maximum First Lien Obligations), in each case whether or not charged by First Lien
Administrative Agent and/or the other First Lien Lenders to any loan account of Borrower maintained by First Lien Administrative Agent pursuant to either of the First Lien Credit Agreements. 

1.17 “Hedging Creditor” shall mean any First Lien Lender party to either of the First Lien Credit Agreements or any Affiliate
(as defined in the applicable First Lien Credit Agreement) thereof, including any First Lien Lender party to either of the First Lien Credit Agreements or any Affiliate thereof at the time that the respective Hedging Transaction was entered into
(even if the respective First Lien Lender subsequently ceases to be a First Lien Lender under either of the First Lien Credit Agreements for any reason). 

  
 Intercreditor and Subordination
Agreement 
  
 4 

 1.18 “Hedging Obligations” of Borrower or any other Obligor shall mean any and
all obligations of such Obligor, whether absolute or contingent and howsoever and whensoever created, arising, evidenced or acquired (including all renewals, extensions and modifications thereof and substitutions therefor), under (a) any and
all Hedging Transactions, and (b) any and all cancellations, buy backs, reversals, terminations or assignments of any Hedging Transactions. 

1.19 “Hedging Transaction” shall mean any transaction (including an agreement with respect thereto) now existing or hereafter
entered by Borrower or any other Obligor with a Hedging Creditor which is an interest rate protection agreement, interest rate, swap, cap, collar or floor agreement, foreign currency exchange agreements or other interest rate or currency management
device used to manage interest rate risk or exchange rate risk. 
 1.20 “Indenture” shall mean the Indenture, dated as of
May 12, 2011, among Borrower, the other Obligors named therein, the Second Lien Agent and Trustee, as the same now exists or may hereafter be amended, modified, supplemented, extended, replaced, renewed, refinanced or restated in accordance
with the terms of this Intercreditor Agreement. 
 1.21 “Indenture Documents” shall mean the Indenture, the Notes and all
agreements, documents, collateral documents, guaranties and instruments at any time executed and/or delivered by Borrower or any other Obligor with, to or in favor of the Second Lien Creditors in connection therewith or related thereto, as all of
the foregoing now exist or may hereafter be amended, modified, supplemented, extended, replaced, renewed, refinanced or restated. 
 1.22
“Insolvency Proceeding” shall mean, with respect to any Person, (a) a case, action or proceeding with respect to such Person (i) before any court or any other Official Body under any bankruptcy, insolvency, reorganization
or other similar law now or hereafter in effect (including the U.S. Bankruptcy Code), or (ii) for the appointment of a receiver, liquidator, assignee, custodian, trustee, sequestrator, conservator (or similar official) of with respect to any
Person or otherwise relating to the liquidation, dissolution, winding-up or relief of such Person, (b) any liquidation, dissolution, reorganization or winding up of such Person whether voluntary or involuntary
and whether or not involving insolvency or bankruptcy or (c) any general assignment for the benefit of creditors, composition, marshaling of assets for creditors, or other similar arrangement in respect of such Person’s creditors generally
or any substantial portion of its creditors undertaken under any law. 
 1.23 “Lien” shall mean any mortgage, deed of trust,
pledge, lien, security interest, charge or other encumbrance or security arrangement of any nature whatsoever, whether voluntarily or involuntarily given, including any conditional sale or title retention arrangement, and any assignment, deposit
arrangement or lease intended as, or having the effect of, security and any filed financing statement or other notice of any of the foregoing (whether or not a lien or other encumbrance is created or exists at the time of the filing). 

  
 Intercreditor and Subordination
Agreement 
  
 5 

 1.24 “Maximum First Lien Obligations” shall mean the sum of the aggregate
outstanding principal amount of loans and letter of credit accommodations made or issued pursuant to the First Lien Credit Agreements not to exceed the amount permitted to be incurred pursuant to clauses (1) through (16) of the definition of
“Permitted Debt” contained in the Indenture (as in effect on the date hereof). 
 plus (B) the aggregate amount of
exposure that the First Lien Lenders have in respect of Banking Services Obligations then provided or outstanding, 
 plus
(C) the Swap Termination Value of any Hedging Obligations, 
 minus (D) the aggregate principal amount of all mandatory
prepayments under the First Lien Credit Agreements from asset sale proceeds resulting in permanent reductions of the available commitments thereunder. 

1.25 “Noteholders” shall mean holders of the Notes at any time and from time to time and their respective successors and
assigns (including any other creditor or group of creditors that at any time succeeds to or refinances, replaces or substitutes for all or any portion of the Second Lien Obligations under the Indenture Documents at any time from time to time). 

1.26 “Notes” shall mean Borrower’s 10.75% Senior Secured Notes due 2018, issued pursuant to the Indenture, as the same
may hereafter be amended, modified, supplemented, extended, replaced, renewed, refinanced or restated in accordance with the terms of this Intercreditor Agreement. 

1.27 “Obligors” shall mean, individually and collectively, any Person liable on or in respect of the Second Lien Obligations
or the First Lien Obligations, and each of their successors and assigns, including, without limitation, a receiver, trustee or debtor-in-possession on behalf of such
person or on behalf of any such successor or assign. 
 1.28 “Official Body ” shall mean any national, Federal, state, local
or other government or political subdivision or any agency, authority, board, bureau, central bank, commission, department or instrumentality of either, or any court, tribunal, grand jury or arbitrator, in each case whether foreign or domestic. 

1.29 “Order of Payment” shall mean, in connection with the application, payment or distribution of proceeds of any Collateral
pursuant to all applicable terms hereof (including, without limitation, any proceeds of any Collateral pursuant to any Enforcement Action, together with all other proceeds received by any Creditor (including all funds received in respect of
post-petition interest or fees and expenses) as a result of any such Enforcement Action or as a result of any distribution of or in respect of any Collateral (whether or not expressly 

  
 Intercreditor and Subordination
Agreement 
  
 6 

 
characterized as such) upon or in any Insolvency Proceeding with respect to Borrower or any other Obligor, or the application of any Collateral (or proceeds thereof) to the payment thereof or any
distribution of Collateral (or proceeds thereof) upon the liquidation or dissolution of Borrower or any other Obligor), the following order for such application: (i) first, ratably to pay all First Lien Obligations in such order as
specified in the relevant First Lien Loan Agreements until all First Lien Obligations have been paid in full in cash (including amounts paid to be held by First Lien Agent and/or the First Lien Lenders as cash collateral in such amounts as First
Lien Agent determines is reasonably necessary to secure the First Lien Lenders in connection with (x) any issued and outstanding letters of credit under either of the First Lien Credit Agreements but not in any event in an amount greater than
105% of the aggregate undrawn face amount of such letters of credit constituting First Lien Obligations, and (y) any Hedging Obligations and Banking Services Obligations); (ii) second, ratably to pay any obligations in respect of any
expense reimbursements and indemnities then due and payable to Trustee and Second Lien Agent in respect of the Second Lien Obligations, until paid in full; (iii) third, ratably to pay interest and fees due and payable in respect of the
Second Lien Obligations, until paid in full; (iv) fourth, ratably to pay principal and premium, if any, of the Second Lien Obligations, until paid in full; (v) fifth, to the ratable payment of all other obligations, liabilities
and indebtedness in respect of the First Lien Loan Agreements and the Obligations (as defined in the applicable First Lien Credit Agreement) then due and payable; and (vi) sixth, to the ratable payment of all other obligations,
liabilities and indebtedness in respect of the Indenture Documents and the Second Lien Obligations then due and payable. 
 1.30
“Person” or “person” shall mean any individual, sole proprietorship, partnership, corporation (including without limitation, any corporation which elects subchapter S status under the Internal Revenue Code of 1986,
as amended), limited liability company, limited liability partnership, business trust, unincorporated association, joint stock company, trust, joint venture, or other entity or any government or any agency or instrumentality or political subdivision
thereof. 
 1.31 “Release Event” means (i) prior to the occurrence of an Insolvency Proceeding by or against Borrower
or any other Obligor, upon the occurrence and during the continuance of an Event of Default under the First Lien Loan Agreements, the taking of any Enforcement Action with respect to all or any portion of the Collateral or (ii) after the
occurrence of an Insolvency Proceeding by or against Borrower or any other Obligor, the taking of any Enforcement Action described in clauses (a) and (b) of the definition of such term by any Creditor or the entry of an order of a Bankruptcy
Court pursuant to Section 362 of the U.S. Bankruptcy Code vacating the automatic stay and authorizing any Creditor to take any Enforcement Action. 

1.32 “Required Lenders” shall mean the “Required Lenders” or any similar term as defined in the First Lien Credit
Agreement. 

  
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 1.33 “Second Lien Agent” shall mean Wilmington Trust, National Association (as
successor by merger to Wilmington Trust FSB), in its capacity as collateral agent for itself and the other Second Lien Creditors under the Indenture, and its successors and assigns and each other Person acting in a similar capacity under any
Indenture. 
 1.34 “Second Lien Creditors” shall mean, collectively, Second Lien Agent, Trustee and the Noteholders, and
their respective successors and assigns (including any other creditor or group of creditors that at any time succeeds to or refinances, replaces or substitutes for all or a portion of the Second Lien Obligations at any time for time to time). 

1.35 “Second Lien Default” shall mean a Default under the Indenture. 

1.36 “Second Lien Obligations” shall mean all obligations, liabilities and indebtedness of every kind, nature and description
owing by Borrower or any other Obligor to the Second Lien Creditors evidenced by or arising under the Indenture Documents, whether direct or indirect, absolute or contingent, joint or several, due or not due, primary or secondary, liquidated or
unliquidated, including, without limitation, principal, interest, premium, if any, charges, fees, costs, indemnities and expenses (including, without limitation, attorneys’ and consultant fees and expenses), however evidenced, whether as
principal, surety, endorser, guarantor or otherwise, whether now existing or hereafter arising, whether arising before, during or after the initial or any renewal term of the Indenture Documents or after the commencement of any Insolvency Proceeding
with respect to Borrower or any other Obligor (and including, without limitation, the payment of interest which would accrue and become due but for the commencement of such Insolvency Proceeding, whether or not such interest is allowed or allowable
in whole or in part in any such Insolvency Proceeding), and in each case, whether or not allowed or allowable in an Insolvency Proceeding, provided that for purposes of this Intercreditor Agreement, the term “Second Lien
Obligations” shall not include (i) the principal amount of Notes in excess of $440,000,000.00 plus any interest thereon that may have accrued and been added to principal, (ii) interest accruing at rates in excess of the rates
permitted by this Intercreditor Agreement or (iii) interest, premium, if any, fees, costs or expenses attributable to the portion of the principal that exceeds the maximum amount provided for in clause (i) above. 

1.37 “Standstill Period” shall have the meaning specified in Section 2.10 hereof. 

1.38 “Swap Termination Value” shall mean, as of any date of determination, in respect of any one or more Hedging Transactions,
after taking into account the effect of any legally enforceable netting agreement relating to such Hedging Transactions, (a) for any date on or after the date such Hedging Transactions have been closed out and termination value(s) determined in
accordance therewith, such termination value(s), and (b) for any date prior to the date referenced in clause (a), the amount determined as the mark to market value for such Hedging Transaction, as determined pursuant to the terms of the
documents governing such Hedging Transaction, or if none is specified, then based upon one or more readily available quotations provided by a dealer in Hedging Transactions (which may include First Lien Agent or any First Lien Lender) . 

  
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 1.39 “Trustee” shall mean Wilmington Trust, National Association (as successor
by merger to Wilmington Trust FSB), in its capacity as Trustee under the Indenture and its successors and assigns including each other Person acting in a similar capacity under any Indenture. 

1.40 “ UCC” shall mean the Uniform Commercial Code, as amended and in effect in any applicable jurisdiction. 

1.41 “U.S. Bankruptcy Code” shall mean Title 11 of the United States Code entitled “Bankruptcy,” as now and
hereafter in effect, any successor statute. 
 1.42 All terms defined in the UCC as in effect in the State of New York, unless otherwise
defined herein shall have the meanings set forth therein. All references to any term in the plural shall include the singular and all references to any term in the singular shall include the plural. 

2. PAYMENTS; SECURITY INTERESTS; PRIORITIES; REMEDIES 

2.1 First Lien Agent and the First Lien Lenders hereby acknowledge that Second Lien Agent, for its own benefit and for the benefit of the
other Second Lien Creditors, has been granted Liens upon all of the Collateral pursuant to the Indenture Documents to secure the Second Lien Obligations. Second Lien Agent on behalf of itself and the other Second Lien Creditors hereby acknowledges
that First Lien Agent, for the benefit of the First Lien Lenders, has been granted Liens upon all of the Collateral pursuant to the First Lien Loan Agreements to secure the First Lien Obligations. 

2.2 (a) Notwithstanding the date, order or time of attachment, or the date, order, time or manner of perfection, or the date, order or time of
filing or recordation of any document or instrument, or other method of perfecting a Lien in favor of each Creditor in any Collateral, and notwithstanding any conflicting terms or conditions which may be contained in any of the Agreements and
notwithstanding any provision of the UCC or any other applicable law or any other circumstance whatsoever (including any non-perfection or non-validity or
unenforceability of any Lien purporting to secure the First Lien Obligations or the Second Lien Obligations), any Lien securing First Lien Obligations now or hereafter held by or on behalf First Lien Agent or First Lien Lender or any agent or
trustee therefore, regardless of how acquired, whether by grant, possession, statute, operation of law, subrogation or otherwise, will have priority over and be senior in all respects to the Liens securing the Second Lien Obligations (and the Liens
securing the Second Lien Obligations will be junior and subordinate to the Liens securing the First Lien Obligations). All Liens on the Collateral securing any First Lien Obligations shall be and remain senior in all respects and prior to all Liens
on the Collateral securing any Second Lien Obligations for all purposes, whether or not such Lien securing any First Lien Obligations are subordinated to any Lien securing any other obligation of any Obligor or any other Person. The parties hereto
acknowledge and agree that it is their intent that the First Lien Obligations (and the security therefor) constitute a separate and distinct class (and separate and distinct claims) from the Second Lien Obligations (and the security therefor). 

  
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 (b) Each of First Lien Agent, for itself and on behalf of the other First Lien Lenders, and
Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that it will not, and hereby waives any right to, contest or support any other Person in contesting, in any proceeding (including any Insolvency Proceeding), the
priority, perfection, validity or enforceability of any Lien in the Collateral of First Lien Agent or Second Lien Agent, as the case may be; provided that nothing in this Intercreditor Agreement shall be construed to prevent or impair the rights of
First Lien Agent or any other First Lien Lender to enforce this Intercreditor Agreement. 
 (c) The parties hereto agree that, so long as
the First Lien Obligations have not been paid in full in cash, none of Borrower nor any other Obligor shall, nor shall any such Person permit any of its subsidiaries to, (i) unless waived in writing by First Lien Agent, grant or permit any
additional Liens on any asset to secure the Second Lien Obligations unless it has granted, or concurrently therewith grants, a Lien on such asset to secure the First Lien Obligations or (ii) unless waived in writing by Second Lien Agent or
otherwise permitted by the Indenture, grant or permit any additional Liens on any asset to secure any First Lien Obligations unless it has granted, or concurrently therewith grants, a Lien on such asset to secure the Second Lien Obligations, with
each such Lien to be subject to the provisions of this Intercreditor Agreement. To the extent that the provisions of this paragraph (c) are not complied with for any reason, without limiting any other right or remedy available to First Lien
Agent or the other First Lien Lenders or the Second Lien Creditors, Second Lien Agent agrees, for itself and on behalf of the other Second Lien Creditors, that any amounts received by or distributed to any Second Lien Creditors pursuant to or as a
result of any Lien granted in contravention of this Section 2.2(c) shall be subject to Section 2.4 hereof. 

(d) The parties hereto acknowledge and agree that it is their intention that the Collateral securing the First Lien Obligations and the
Second Lien Obligations be identical. In furtherance of the foregoing, the parties hereto agree: 
 (i) to cooperate in good faith in order
to determine, upon any reasonable request by First Lien Agent or Second Lien Agent, the specific assets included in the Collateral, the steps required to be taken to perfect the Liens of First Lien Agent or Second Lien Agent thereon and the identity
of the respective parties obligated under the First Lien Loan Agreements and the Indenture Documents in respect of the First Lien Obligations and the Second Lien Obligations, respectively; 

(ii) that, except to the extent otherwise agreed to by First Lien Agent, the documents, agreements and instruments creating or evidencing the
Collateral securing the Second Lien Obligations and the Liens of Second Lien Agent shall be in all respects in the same form as the documents, agreements and instruments creating or evidencing the Collateral securing the First Lien Obligations and
the Liens of First Lien Agent, other than with respect to the first priority and second priority nature of the Liens created or evidenced thereunder, the identity of the secured parties that are parties thereto or secured thereby and other matters
contemplated by this Intercreditor Agreement; and 

  
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 (iii) that it will not obtain “control” (as defined in the UCC in effect in the State
of New York) of any deposit account or securities account maintained by Borrower or any other Obligor (other than a deposit account maintained with First Lien Agent) or file any UCC financing statement against Borrower or any other Obligor after the
date hereof without giving Second Lien Agent or First Lien Agent, as the case may be, prior written notice of its intention to do so. 
 2.3
The priorities of the Liens provided in Section 2.2 hereof shall not be altered or otherwise affected by (a) any amendment, modification, supplement, extension, renewal, restatement, replacement or refinancing of the
First Lien Obligations or the Second Lien Obligations, nor (b) any action or inaction which any of the Creditors may take or fail to take in respect of the Collateral. 

2.4 Subject to Section 2.2 hereof and Section 2.9 hereof, prior to the payment in full in
cash of the First Lien Obligations, all Collateral and all proceeds of the Collateral received by the Second Lien Agent or any of the other Second Lien Creditors (including, without limitation, any proceeds of any Collateral pursuant to any
Enforcement Action, together with all other proceeds received by any Creditor (including all funds received in respect of post-petition interest or fees and expenses) as a result of any such Enforcement Action or as a result of any distribution of
or in respect of any Collateral (whether or not expressly characterized as such) upon or in any Insolvency Proceeding with respect to Borrower or any other Obligor, or the application of any Collateral (or proceeds thereof) to the payment thereof or
any distribution of Collateral (or proceeds thereof) upon the liquidation or dissolution of Borrower or any other Obligor) shall be segregated from the other funds and property of Second Lien Agent or such Second Lien Creditor, as the case may be,
and received and held in trust by Second Lien Agent or such Second Lien Creditor, as the case may be, as trustee, and shall be forthwith paid over, in the funds and currency received, to First Lien Agent for application to the First Lien
Obligations; the foregoing turnover provision shall apply to all Collateral and all proceeds of Collateral (including all cash removed from any Obligor’s premises or accounts) received by or on behalf of Second Lien Agent or any other Second
Lien Creditor in connection with any Enforcement Action taken by Second Lien Agent or any other Second Lien Creditor following the expiration of the Standstill Period notwithstanding anything to the contrary in Section 2.2
hereof. All proceeds of the Collateral received by First Lien Agent or the First Lien Lenders after the First Lien Obligations have been paid in full in cash shall be forthwith paid over, in the funds and currency received, to Second Lien Agent for
application to the Second Lien Obligations (unless otherwise required by law). 
 2.5 The foregoing provisions of this Intercreditor
Agreement are intended solely to govern the respective Lien priorities as between the Creditors and shall not impose on any Creditor any obligations in respect of the disposition of proceeds of any Collateral which would conflict with prior
perfected claims therein in favor of any other person or any order or decree of any court or governmental authority or any applicable law. 

  
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 2.6 In the event that First Lien Agent, the First Lien Lenders, Second Lien Agent or the other
Second Lien Creditors shall, in the exercise of their rights under their Agreements or otherwise, receive possession or control of any books and records of Borrower or any other Obligor which contain information identifying or pertaining to any
Collateral in which First Lien Agent, the First Lien Lenders, Second Lien Agent or the other Second Lien Creditors (as the case may be) has been granted a Lien, such Person shall notify such other Person that they have received such books and
records and shall, as promptly as practicable thereafter, make available to such other Person (at the expense of Borrower and the other Obligors) such books and records for inspection and duplication. 

2.7 Subject to the terms and conditions set forth in this Intercreditor Agreement, First Lien Agent and the First Lien Lenders shall have the
exclusive right to manage, perform and enforce the terms of the First Lien Loan Agreements with respect to the Collateral, to exercise and enforce all privileges and rights thereunder according to their discretion and the exercise of their business
judgment, including, without limitation, the exclusive right to take or retake control or possession of such Collateral and to hold, prepare for sale, process, sell, lease, dispose of, or liquidate such Collateral and to appoint an agent in
connection with the foregoing, and to incur expenses in connection with such sale, lease or other disposition and to exercise all of the rights and remedies of a secured creditor under the UCC of any applicable jurisdiction or other applicable law
(including, without limitation, the U.S. Bankruptcy Code). In exercising rights and remedies with respect to the Collateral, First Lien Agent and the other First Lien Lender may enforce the provisions of the First Lien Loan Agreements and exercise
remedies thereunder, all in such order and in such manner as they may determine in the exercise of their discretion. In furtherance of the foregoing, Second Lien Agent, for itself and on behalf of the Second Lien Creditors, agrees that, subject to
the terms and conditions of this Intercreditor Agreement (including, without limitation, Section 2.10 hereof), neither Second Lien Agent nor any other Second Lien Creditor will (i) enforce or exercise, or seek to
enforce or exercise, any rights or remedies with respect to any Collateral (including, without limitation, the exercise of any right of set-off or under any lockbox agreement, control account agreement,
landlord waiver or bailee’s letter or similar agreement or arrangement to which Second Lien Agent or any Second Lien Creditor is a party) or institute or commence, or join with any Person in commencing, any action or proceeding with respect to
such rights or remedies (including any action of foreclosure, enforcement, collection or execution and any Insolvency Proceeding), (ii) contest, protest or object to any foreclosure action or proceeding brought by First Lien Agent or any other
enforcement or exercise by any First Lien Lender of any rights or remedies relating to the Collateral so long as Liens of the Second Lien Creditors attach to the proceeds thereof, subject to the relative priorities provided for in this Intercreditor
Agreement, or (iii) object to the forbearance by any First Lien Lender from commencing or pursuing any foreclosure action or proceeding or any other enforcement or exercise of any rights or remedies. In connection with taking any Enforcement
Action against the Collateral (including without limitation any public or private sale under the UCC), First Lien Agent shall give Second Lien Agent such reasonable notice of such sale as may be required under the applicable UCC; provided,
however, that, subject to Section 3.5 hereof, 10 days’ notice shall be deemed in all respects to be commercially reasonable notice. 

  
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 2.8 Notwithstanding anything to the contrary contained in any of the Agreements, but subject to
Section 2.9 below and Section 2.10 below, prior to the time when First Lien Agent and the First Lien Lenders shall have received payment in full of all First Lien Obligations in cash, whether or
not an Insolvency Proceeding has been commenced by or against Borrower or any other Obligor, during the continuance of a Release Event, only the First Lien Lenders shall have the right to restrict or permit, or approve or disapprove, the sale,
transfer or other disposition of, or otherwise deal with, the Collateral or to take and continue any Enforcement Action with respect to the Collateral. 

2.9 (a) Prior to the existence of a Release Event, upon any release, sale or disposition of Collateral permitted pursuant to the terms of the
First Lien Loan Agreements and the Indenture Documents that results in the release of the Lien of First Lien Agent and the First Lien Lenders in any Collateral, the Liens of Second Lien Agent and the other Second Lien Creditors shall be
automatically and unconditionally released with no further consent or action of any Person. Second Lien Agent shall, at the expense of the Obligors, promptly execute and deliver such release documents as First Lien Agent may upon written request
reasonably require in connection with any such release, sale or disposition of Collateral. 
 (b) Second Lien Agent shall, at any time
during the continuance of a Release Event, at the expense of the Obligors: 
 (i) upon the written request of First Lien Agent with respect
to the Collateral identified in such request as set forth below (which request shall specify the proposed terms of the sale and the type and amount of consideration to be received in connection therewith), subject to clause (ii) below, release
or otherwise terminate its Liens on such Collateral, to the extent such Collateral is to be sold or otherwise disposed of either by First Lien Agent or its agents; 

(ii) deliver such release documents as First Lien Agent may reasonably require in connection therewith; provided, that, 

(A) First Lien Agent shall promptly apply any such proceeds as specified in the Order of Payment until the First Lien Obligations have been
paid in full in cash, 
 (B) if any such sale or disposition results in a surplus after application of the proceeds in the Order of Payment
to the First Lien Obligations, such surplus shall be paid to Second Lien Agent for the prompt application to the Second Lien Obligations as specified in the Order of Payment until the Second Lien Obligations have been paid in full in cash; 

  
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 (C) if any surplus shall remain after the application to the Second Lien Obligations pursuant to
preceding clause (B), such surplus shall be applied to the remaining obligations, liabilities and indebtedness in the Order of Payment as provided in clauses (v) and (vi) of the definition thereof; and 

(D) if the closing of the sale or disposition of such Collateral is not consummated, First Lien Agent shall promptly return all release
documents to the Second Lien Agent for the benefit of the Second Lien Creditors. 
 (c) Second Lien Agent and the other Second Lien
Creditors shall be deemed, in all cases, to have consented under the Agreements to which such Second Lien Agent and the other Second Lien Creditors are a party to such sale or other disposition of Collateral described in Sections 2.9(a) and
(b) above. In furtherance of the foregoing, Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, hereby irrevocably constitutes and appoints First Lien Agent and any officer or agent of First Lien Agent, with
full power of substitution, as its true and lawful attorney-in-fact with full irrevocable power and authority in the place and stead of Second Lien Agent or such other
Second Lien Creditor or in First Lien Agent’s own name, from time to time in First Lien Agent’s discretion, for the purpose of carrying out the terms of this clause (c) and clauses (b)(i) and (ii) above, to take any and all
appropriate action and to execute any and all documents and instruments which may be necessary or desirable to accomplish the purposes of such clauses, including any endorsements or other instruments of transfer or release. 

2.10 Except as specifically provided in Section 2.11 below, notwithstanding any rights or remedies available to
Second Lien Agent or the other Second Lien Creditors under any of the Indenture Documents, applicable law or otherwise, prior to the time that First Lien Agent and the First Lien Lenders shall have received the payment in full of all First Lien
Obligations in cash, neither Second Lien Agent nor any of the other Second Lien Creditors shall, directly or indirectly, take any Enforcement Action with respect to any of the Collateral; provided, however, commencing on the 151st day
after receipt by First Lien Agent of Second Lien Agent’s written declaration of a Second Lien Default which constitutes an “Event of Default” and written demand by Second Lien Agent to Borrower for the accelerated payment of all
Second Lien Obligations (unless Borrower or any other Obligor is subject to an Insolvency Proceeding by reason of which such declaration and the making of such demand is stayed, in which case, commencing on the date of the commencement of such
Insolvency Proceeding) (the “Standstill Period”), then Second Lien Agent or the other Second Lien Creditors may take action to enforce their Liens on the Collateral, but only so long as First Lien Agent and/or the First Lien Lenders
are not pursuing in a commercially reasonable manner the exercise of their enforcement rights or remedies against, or diligently attempting to vacate (in a commercially reasonable manner) any stay of enforcement of their Liens on, all or a material
portion of the Collateral (including, without limitation, commencement of any action to foreclose its Liens on all or any material portion of the Collateral, notification of account debtors to make payments to First Lien Agent, any action to take
possession of all or any material portion of the Collateral or commencement of any legal proceedings or actions against or with respect to all or any material 

  
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 portion of the Collateral) and with any determination of which Collateral to proceed against, and in what order,
to be made by First Lien Agent or such First Lien Lenders in their reasonable judgment); provided that (x) any Collateral or any proceeds of Collateral received by Second Lien Agent or such other Second Lien Creditor, as the case may be,
in connection with the enforcement of such Lien shall be applied in accordance with the Order of Payment and (y) First Lien Agent or any other First Lien Lenders may at any time take over such enforcement proceedings from Second Lien Agent or
the other Second Lien Creditors so long as First Lien Agent or such the First Lien Lenders, as the case may be, pursue enforcement proceedings with respect to all or a material portion of the Collateral in a commercially reasonable manner, with any
determination of which Collateral to proceed against, and in what order, to be made by First Lien Agent or such First Lien Lenders in their reasonable judgment, and provided further that Second Lien Agent or the other Second Lien
Creditors, as the case may be, shall only be able to recoup (from amounts realized by First Lien Agent or any First Lien Lender(s) in any enforcement proceeding with respect to the Collateral (whether initiated by First Lien Agent or First Lien
Lender(s) or taken over by them as contemplated above) any expenses incurred by them in accordance with the priorities set forth in the Order of Payment. In any sale or other disposition of any of the Collateral by Second Lien Agent and/or the other
Second Lien Creditors, Second Lien Agent and/or the other Second Lien Creditors shall conduct such sale or disposition in a commercially reasonable manner. Such exercise and enforcement shall include the rights of an agent appointed by them to sell
or otherwise dispose of Collateral upon foreclosure, to incur expenses in connection with such sale or disposition, and to exercise all rights and remedies of a secured creditor under the Uniform Commercial Code of any applicable jurisdiction and of
a secured creditor under the bankruptcy laws of any applicable jurisdiction. 
 2.11 Section 2.10 above shall not be construed to in
any way limit or impair the right of: (a) any First Lien Creditor to bid for or purchase Collateral at any private or judicial foreclosure upon such Collateral initiated by any other Creditor, (b) any Second Lien Creditor to cash bid for
or purchase for cash Collateral at any private or judicial foreclosure upon such Collateral initiated by any other Creditor, (c) to join (but not control) any foreclosure or other judicial lien enforcement proceeding with respect to the
Collateral initiated by First Lien Agent, so long as it does not delay or interfere in any material respect with the exercise by First Lien Agent or the First Lien Lenders of their rights as provided in this Intercreditor Agreement, and (d) the
Second Lien Creditors’ right to receive any remaining proceeds of Collateral after satisfaction and payment in full in cash of all First Lien Obligations. 

2.12 If the First Lien Lenders should honor a request by Borrower for a loan, advance or other financial accommodation under the First Lien
Loan Agreements, whether or not the First Lien Lenders have knowledge that the honoring of such request would result in an event of default, or act, condition or event which with notice or passage of time or both would constitute an event of default
under the Indenture Documents, in no event shall First Lien Agent or the First Lien Lenders have any liability to Second Lien Agent or the other Second Lien Creditors as a result of such breach, and without limiting the generality of the foregoing,
Second Lien Agent and the other Second Lien Creditors agree that neither First Lien Agent nor the First Lien Lenders shall have any liability for tortious interference with contractual relations or for 

  
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inducement by First Lien Agent or the First Lien Lenders of Borrower to breach of contract or otherwise, provided, that, the First Lien Lenders agree that the aggregate principal amount of
the First Lien Obligations outstanding at any one time (but not interest, costs, expenses or other charges payable by Borrower or any other Obligor to First Lien Agent and/or the First Lien Lenders or charged by First Lien Agent and/or the First
Lien Lenders to any loan account of Borrower or any other Obligor maintained by First Lien Agent and/or the First Lien Lenders pursuant to the terms of the First Lien Credit Agreement) shall not exceed the Maximum First Lien Obligations. Nothing
contained in this Section 2.12 shall limit or waive any right that Second Lien Agent or the other Second Lien Creditors have to enforce any of the provisions (other than with respect to the matters covered by this
Intercreditor Agreement) of the Indenture Documents against Borrower or any other Obligor. 
 2.13 (a) First Lien Agent and the First Lien
Lenders shall not: 
 (i) make any amendment to the maturity date of any portion of the First Lien Obligations under either of the First
Lien Credit Agreements to a date later than the latest maturity date of any portion of the Second Lien Obligations as extended from time to time pursuant to the terms of the Indenture Documents; 

(ii) increase the “Applicable Margin” or similar component of the interest rate under either of the First Lien Credit Agreements by
more than 300 basis points (excluding increases resulting from the accrual of interest at any default rate); or 
 (iii) add to the
Collateral securing the First Lien Obligations except as permitted by this Intercreditor Agreement. 
 (b) Second Lien Agent and the other
Second Lien Creditors shall not 
 agree to: 

(i) make any amendment of the Indenture Documents that would shorten the due dates of any principal or interest payments of the Second Lien
Obligations; 
 (ii) make any amendment of the Indenture Documents to the extent such amendment adds or modifies any representation,
warranty, or covenant under the Indenture Documents to be more restrictive on Borrower, any other Obligor or any of their respective subsidiaries, or adds or modifies any default or event of default under the Indenture Documents to be more
restrictive on Borrower, any other Obligor or any of their respective Subsidiaries; further, in no event shall any financial covenant maintenance tests (whether stated as a covenant, a default or otherwise) be added to the Indenture Documents; 

(iii) increase the interest rate under the Indenture Documents by more than 300 basis points (excluding increases resulting from the accrual
of interest at the default rate or interest paid-in-kind); or 

  
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 (iv) add to the Collateral securing the Second Lien Obligations except as permitted by this
Intercreditor Agreement. 
 (c) In the event First Lien Agent or the First Lien Lenders and the relevant Obligor(s) enter into any
amendment, waiver or consent in respect of any of the First Lien Loan Agreements that are security or collateral documents for the purpose of adding to, or deleting from, or waiving or consenting to any departures from any provisions of any such
First Lien Loan Agreement or changing in any manner the rights of First Lien Agent, the First Lien Lenders, Borrower or any other Obligor thereunder, then such amendment, waiver or consent shall apply automatically to any comparable provision of the
Indenture Documents without the consent of Second Lien Agent or the other Second Lien Creditors and without any action by Second Lien Agent, Borrower or any other Obligor, provided, that (A) no such amendment, waiver or consent shall
have the effect of (i) removing assets subject to the Lien of the Indenture Documents, except to the extent that a release of such Lien is permitted by this Intercreditor Agreement or the Indenture Documents, (ii) adversely affecting the
rights or duties of Second Lien Agent without its consent, or (iii) permitting other liens on the Collateral not permitted under the terms of the Indenture Documents or Section 4.5 hereof and (B) notice of such
amendment, waiver or consent shall have been given to Second Lien Agent (although the failure to give any such notice shall in no way affect the effectiveness of any such amendment, waiver or consent). 

2.14 Each Creditor shall give to the other Creditors concurrently with the giving thereof to Borrower (i) a copy of any written notice by
such Creditor of an event of default under its respective Agreements with Borrower, or written notice of demand of payment from Borrower, and (ii) a copy of any written notice sent by such Creditor to Borrower at any time a Default under such
Creditor’s Agreements with Borrower exists stating such Creditor’s intention to exercise any of its enforcement rights or remedies, including written notice pertaining to any foreclosure on any of the Collateral or other judicial or non-judicial remedy in respect thereof to the extent permitted hereunder, and any legal process served or filed in connection therewith; provided, that, the failure of any party to give notice as required hereby
shall not affect the relative priorities of Creditor’s respective Liens as provided herein or the validity or effectiveness of any such notice as against Borrower or any other Obligor. Second Lien Agent shall provide a copy of any notice
received pursuant to this Section to the Noteholders in accordance with its obligations under the Indenture. 
 2.15 In the event that any
Second Lien Default shall have occurred solely as a result of a First Lien Default, and if such First Lien Default shall have been cured by Borrower or any other Obligor or waived by First Lien Agent or the First Lien Lenders (as applicable), then
(i) such Second Lien Default shall be deemed to be automatically cured by Borrower or such other Obligor or waived by Second Lien Agent and the other Second Lien Creditors, as the case may be, and (ii) and any period under
Section 2.10 hereof commenced and then existence shall terminate for all purposes hereunder and Second Lien Agent and the other Second Lien Creditors shall cease any remedial actions commenced and then continuing in
connection with such Second Lien Default. 

  
 Intercreditor and Subordination
Agreement 
  
 17 

 3. SECOND LIEN CREDITOR PURCHASE OPTION 

3.1 Following the occurrence of (i) written notice by First Lien Agent or the First Lien Lenders of their intent to accelerate the
payment of the First Lien Obligations or to commence any Enforcement Action with respect to any Collateral (or acceleration or the actual commencement of any such Enforcement Action), (ii) the commencement of any Insolvency Proceeding, or
(iii) a payment default under the First Lien Loan Agreements which has not been cured or waived by the applicable creditors within 30 days of the occurrence thereof, any Second Lien Creditor shall have the option at any time within 90 days
after such occurrence upon five 
 (5) business days’ prior written notice from Second Lien Agent (on behalf of any such Second Lien Creditors) to First
Lien Agent to purchase all (but not less than all) of the First Lien Obligations (including any unfunded commitments thereunder and participations in letters of credit) from the First Lien Lenders. Such notice from Second Lien Agent (on behalf of
any such Second Lien Creditors) to First Lien Agent shall be irrevocable. In order to effectuate the foregoing, First Lien Agent shall estimate, upon the written request of Second Lien Creditors upon the exercise of such election, the amount in cash
that would be necessary to so purchase such First Lien Obligations (assuming the date of the purchase is the date the election was made). The First Lien Obligations shall be purchased among the Second Lien Creditors (other than the Trustee and the
Second Lien Agent) giving notice to Second Lien Agent of their intent (which notice shall be irrevocable) to exercise the purchase option hereunder based on the amounts specified therein. 

3.2 On the date specified by Second Lien Creditors in such notice (which shall not be less than five (5) business days, nor more than
thirty (30) days, after the receipt by First Lien Agent of the notice from Second Lien Agent of certain Second Lien Creditors election to exercise such option), the First Lien Lenders shall sell to such Second Lien Creditors electing to
purchase, and the Second Lien Creditors electing to purchase shall purchase from the First Lien Lenders, the First Lien Obligations all in accordance with the terms and conditions to be agreed upon directly among the First Lien Agent and such Second
Lien Creditors that have elected to purchase the First Lien Obligations . The First Lien Lenders hereby represent and warrant that, as of the date hereof, no approval of any court or other regulatory or governmental authority is required for such
sale. 
 3.3 Upon the date of such purchase and sale, the Second Lien Creditors exercising the purchase option in this
Section 3 shall (i) pay to the First Lien Lenders as the purchase price therefor the full amount of all the First Lien Obligations then outstanding and unpaid (including principal, premium, interest, fees and expenses,
including reasonable attorneys’ fees and legal expenses but excluding any early termination fee payable pursuant to the First Lien Credit Agreement, which amount may be different from the estimate calculated in
Section 3.1 above), (ii) furnish cash collateral or back-stop letters of credit to the First Lien Lenders in such amounts as the First Lien Lenders determine is reasonably necessary to secure the First Lien Lenders in
connection with (A) any issued and outstanding letters of credit constituting First Lien Obligations provided by First Lien Agent or the First Lien Lenders (or letters of credit that First Lien Agent or the First Lien Lenders have arranged to
be provided by 

  
 Intercreditor and Subordination
Agreement 
  
 18 

 third parties pursuant to the financing arrangements of the First Lien Lenders with Borrower or any other Obligor
constituting First Lien Obligations) to Borrower or any other Obligor (but not in any event in an amount greater than 105% of the aggregate undrawn face amount of such letters of credit), and (B) Hedging Obligations and Banking Services
Obligations in an amount not to exceed 100% of the Swap Termination Value or Banking Services Obligations, as applicable, and (iii) agree to reimburse First Lien Agent and the First Lien Lenders for any loss, cost, damage or expense (including
reasonable attorneys’ fees and legal expenses) in connection with any commissions, fees, costs or expenses related to any issued and outstanding letters of credit constituting First Lien Obligations as described above and any checks or other
payments provisionally credited to the First Lien Obligations, and/or as to which First Lien Agent or the First Lien Lenders have not yet received final payment. Such purchase price and cash collateral shall be remitted by wire transfer in federal
funds to such bank account of First Lien Agent (on behalf of the First Lien Lenders) as First Lien Agent may designate in writing to such Second Lien Creditors for such purpose. Interest shall be calculated to but excluding the business day on which
such purchase and sale shall occur if the amounts so paid by such Second Lien Creditors to the bank account designated by First Lien Agent are received in such bank account prior to 12:00 Noon, New York City time, and interest shall be calculated to
and including such business day if the amounts so paid by such Second Lien Creditors to the bank account designated by First Lien Agent are received in such bank account later than 12:00 Noon, New York City time. 

3.4 Such purchase shall be expressly made without representation or warranty of any kind by the First Lien Lenders as to the First Lien
Obligations or otherwise and without recourse to the First Lien Lenders, except that the First Lien Lenders shall represent and warrant: (i) the amount of the First Lien Obligations being purchased, (ii) that the First Lien Lenders own the
First Lien Obligations free and clear of any Liens or encumbrances and (iii) the First Lien Lenders have the right to assign the First Lien Obligations and the assignment is duly authorized. All purchase or assignment documentation (including
any cash collateral arrangements and back-stop letters of credit) in connection with the exercise of the Second Lien Creditors rights under this Section 3 shall be in form and substance reasonably satisfactory to First Lien
Agent. 
 3.5 In the event that any one or more of the Second Lien Creditors exercises the purchase option set forth in this
Section 3, First Lien Agent shall take such action with respect to the Collateral (including in an Insolvency Proceeding) as may be reasonably requested in good faith and in writing by such Second Lien Creditors until the
closing of such purchase. Notwithstanding anything to the contrary provided herein, the First Lien Lenders may take any Enforcement Actions they deem reasonable unless and until the Second Lien Creditors have notified First Lien Agent of their
irrevocable option to purchase the First Lien Obligations. 
 4. MISCELLANEOUS 

4.1 Representations. 

  
 Intercreditor and Subordination
Agreement 
  
 19 

 (a) Second Lien Agent on behalf of itself and each other Second Lien Creditor represents and
warrants to First Lien Agent and the First Lien Lenders that the execution, delivery and performance of this Intercreditor Agreement by Second Lien Agent on behalf of the other Second Lien Creditors are within the powers of Second Lien Agent and
have been duly authorized by Second Lien Agent pursuant to the terms of the Indenture. 
 (b) First Lien Agent on behalf of itself and each
other First Lien Lender represents and warrants to Second Lien Agent and the other Second Lien Creditors that the execution, delivery and performance of this Intercreditor Agreement by First Lien Agent on behalf of the First Lien Lenders are within
the powers of First Lien Agent and have been duly authorized by First Lien Agent pursuant to the terms of the First Lien Credit Agreement. 

(c) Second Lien Agent and First Lien Agent acknowledge and agree that neither has made any representation or warranty with respect to the
execution, validity, legality, completeness, collectibility or enforceability of any other First Lien Loan Agreement or any other Indenture Document. Except as otherwise provided in this Intercreditor Agreement First Lien Agent will be entitled to
manage and supervise its extensions of credit to any Obligor in accordance with law and their usual practices, modified from time to time as it deems appropriate. 

4.2 Amendments. Any waiver, permit, consent or approval by any Creditor of or under any provision, condition or covenant to this
Intercreditor Agreement must be in writing and shall be effective only to the extent it is set forth in writing and as to the specific facts or circumstances covered thereby. Any amendment of this Intercreditor Agreement must be in writing and
signed by First Lien Agent and Second Lien Agent. 
 4.3 Successors and Assigns. 

(a) This Intercreditor Agreement is a continuing agreement and shall (i) remain in full force and effect until the earlier of
(A) repayment in full in cash of all First Lien Obligations (but, for this purpose, determined without giving effect to the proviso to the first sentence of the definition of “First Lien Obligations” contained herein) or (B) the
repayment in full of all Second Lien Obligations (but, for this purpose, determined without giving effect to the proviso to the definition of “Second Lien Obligations” contained herein), (ii) be binding upon the parties and their
successors and assigns, and (iii) inure to the benefit of and be enforceable by the parties and their respective successors, transferees and assigns. Without limiting the generality of the foregoing clause (iii), any Creditor may assign or
otherwise transfer all or any portion of the First Lien Obligations or the Second Lien Obligations, as applicable, to any other Person in the manner contemplated in the First Lien Loan Agreements and the Indenture Documents, and such other Person
shall thereupon become vested with all the rights and obligations in respect thereof granted to such person herein or otherwise. In addition and without limiting the generality of the foregoing, if at any time in connection with or after the payment
in full in cash of the First Lien Obligations, any of the Obligors enters into any replacement of either of the First Lien Credit Agreements secured by all or a portion of the Collateral on a first-priority basis, 

  
 Intercreditor and Subordination
Agreement 
  
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then no such prior payment in full in cash of the First Lien Obligations shall be deemed to have occurred for all purposes of this Intercreditor Agreement, the First Lien Credit Agreements and
the Indenture Documents, and the obligations under such replacement First Lien Credit Agreement shall automatically be treated as First Lien Obligations for all purposes of this Intercreditor Agreement, including for purposes of the Lien priority
and rights in respect of the Collateral (or such portion thereof) set forth therein. 
 (b) To the extent provided in their respective
Agreements, each of the Creditors reserves the right to grant participations in, or otherwise sell, assign, transfer or negotiate all or any part of, or any interest in, the First Lien Obligations or the Second Lien Obligations, as the case may be;
provided, that, no Creditor shall be obligated to give any notices to or otherwise in any manner deal directly with any participant in the First Lien Obligations or the Second Lien Obligations, as the case may be, and no participant
shall be entitled to any rights or benefits under this Intercreditor Agreement except through the Creditor with which it is a participant and any sale of a participation in the First Lien Obligations shall be expressly made subject to the provisions
of this Intercreditor Agreement (including, without limitation, Section 3). 
 (c) This Intercreditor Agreement is the
Intercreditor Agreement referred to in the Indenture Documents and the First Lien Loan Agreements. If this Intercreditor Agreement or all or any portion of any party’s rights or obligations hereunder are assigned or otherwise transferred to any
other Person or if the First Lien ‘Loan Agreements or Indenture Documents are otherwise refinanced or replaced with another Person, both such other Person and the other existing parties shall execute and deliver an agreement containing terms
substantially identical to those contained in this Intercreditor Agreement. 
 4.4 Insolvency. This Intercreditor Agreement shall be
applicable both before and after the filing of any petition by or against Borrower or any other Obligor under the U.S. Bankruptcy Code or in any other Insolvency Proceeding and all converted or succeeding cases in respect thereof, and all references
herein to Borrower or any other Obligor shall be deemed to apply to the trustee (or similar Person) for Borrower or any other Obligor and Borrower or any other Obligor as
debtor-in-possession (or any other similar designation). The relative rights of the First Lien Lenders and the Second Lien Creditors in or to any distributions from or
in respect of any Collateral or proceeds of Collateral, shall continue after the filing thereof on the same basis as prior to the date of the petition, subject to any court order approving the financing of, or use of cash collateral by, Borrower or
any other Obligor as debtor-in-possession (or any other similar designation). Without limiting the generality of the foregoing, this Intercreditor Agreement is intended
to constitute and shall be deemed to constitute a “subordination agreement” within the meaning of Section 510(a) of the U.S. Bankruptcy Code and is intended to be and shall be interpreted to be enforceable to the maximum extent
permitted pursuant to applicable nonbankruptcy law. 
 4.5 Bankruptcy Financing and Other Matters. 

  
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Agreement 
  
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 (a) If Borrower or any other Obligor shall become subject to a case under the U.S. Bankruptcy
Code and if as debtor(s)-in-possession move for approval of financing (a “DIP Financing”) to be provided in good faith by one or more lenders (the
“DIP Lender”) under Section 364 of the U.S. Bankruptcy Code or the use of cash collateral with the consent of First Lien Agent or the Required Lenders under Section 363 of the U.S. Bankruptcy Code, Second Lien Agent and
the other Second Lien Creditors agree that no objection nor any request for adequate protection or any other relief in connection therewith (except as otherwise permitted below) will be raised by Second Lien Agent or the other Second Lien Creditors
to any such financing or use of cash collateral (nor will Second Lien Agent or any Second Lien Creditor join with or support any third Person opposing, objecting to or contesting any such financing or use of cash collateral) and, to the extent the
Liens securing the First Lien Obligations are subordinated to or pari passu with such financing, the Liens of Second Lien Agent and the other Second Lien Creditors on the Collateral shall be deemed to be subordinated without any further action on
the part of any Person, to the Liens securing such financing (and all obligations relating thereto), and the Liens securing the Second Lien Obligations shall have the same priority with respect to the Collateral relative to the Liens securing the
First Lien Obligations as if such financing had not occurred, so long as (i) First Lien Agent or the Required Lenders do not oppose or object to such use of cash collateral or such financing, (ii) Second Lien Agent and the other Second
Lien Creditors retain (solely as adequate protection (or its equivalent) for the interests of the Second Lien Creditors) a Lien on the Collateral (including proceeds thereof arising after the commencement of such proceeding) which will be
subordinated to the Liens securing such financing (and all obligations relating thereto), and such Lien shall have the same priority with respect to the Collateral relative to the Liens securing the First Lien Obligations as if such financing had
not occurred, (iii) if First Lien Agent and the other First Lien Lenders receive a replacement Lien on post-petition assets of any Obligor, Second Lien Agent and the other Second Lien Creditors may request a replacement Lien on the same
post-petition assets which will be subordinated to the Liens securing such financing (and all obligations relating thereto), and such Lien shall have the same priority with respect to the Collateral relative to the Liens securing the First Lien
Obligations as if such financing had not occurred, (iv) the aggregate principal amount of loans and letter of credit accommodations, Hedging Obligations and Banking Services Obligations outstanding under such post-petition financing, together
with the aggregate principal amount of the pre-petition First Lien Obligations, shall not exceed an amount equal to the Maximum First Lien Obligations, and (v) Second Lien Agent and the other Second Lien
Creditors may oppose or object to such use of cash collateral or such financing on the same basis as an unsecured creditor, so long as such opposition or objection is not based on Second Lien Agent and the other Second Lien Creditors’ status as
secured creditors and Second Lien Agent and the other Second Lien Creditors have acknowledged such unsecured status and that a portion of their Second Lien Obligations claim is unsecured. 

(b) Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that, in the event of any Insolvency Proceeding,
neither Second Lien Agent nor the other Second Lien Creditors will oppose or object to any sale or other disposition of any Collateral free and clear of the Liens securing the Second Lien Obligations or other claims under Section 363 of the
U.S. Bankruptcy Code, or any comparable provision of any other 

  
 Intercreditor and Subordination
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 22 

 
bankruptcy law, if the First Lien Lenders (or the requisite percentage thereof), or a representative authorized by the First Lien Lenders, shall consent to such disposition; provided,
however, that the proceeds of such disposition to be applied to the First Lien Obligations or the Second Lien Obligations are applied in accordance with the Order of Payment and Second Lien Agent, on behalf of itself and the other Second Lien
Creditors, may raise any objections to any such disposition of Collateral that could be raised by any creditor of Borrower or any other Obligor whose claims were not secured by any Liens on the Collateral and such objections are not based on the
Second Lien Creditors’ status as secured creditors, and Second Lien Agent and the other Second Lien Creditors have acknowledged that such objections are not being made by them as secured creditors (and that a portion of their Second Lien
Obligations claim is unsecured. 
 (c) Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that no Second
Lien Creditor shall contest, or support any other person in contesting, (i) any request by First Lien Agent or any other First Lien Lender for adequate protection or (ii) any objection, based on a claim of a lack of adequate protection, by
First Lien Agent or any other First Lien Lender to any motion, relief, action or proceeding. Notwithstanding the immediately preceding sentence, if, in connection with any DIP Financing or use of cash collateral, (A) any First Lien Lender is
granted adequate protection in the form of a Lien on additional collateral, Second Lien Agent may, for itself and on behalf of the other Second Lien Creditors, seek or request adequate protection in the form of a Lien on such additional collateral,
which Lien will be subordinated to the Liens of First Lien Agent and the First Lien Lenders and Liens of the DIP Lender on the same basis as the other Liens of Second Lien Agent and the other Second Lien Creditors are subordinated to the Liens of
First Lien Agent and the First Lien Lenders under this Intercreditor Agreement, (B) any First Lien Lender is granted adequate protection in the form of a 507(b) claim, Second Lien Agent may, for itself and on behalf of the other Second Lien
Creditors, seek or request adequate protection in the form of a 507(b) claim that is junior in priority to the First Lien Lenders’ administrative claim on at least the same basis as the Liens of Second Lien Agent and the other Second Lien
Creditors are subordinated to the Liens of First Lien Agent and the First Lien Lenders under this Intercreditor Agreement, or (C) any Second Lien Creditor is granted adequate protection in the form of a Lien on additional collateral, First Lien
Agent shall, for itself and on behalf of the other First Lien Lenders, be granted adequate protection in the form of a Lien on such additional collateral that is senior to such Lien of the Second Lien Creditors as security for the First Lien
Obligations. 
 (d) Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, agrees that until the First Lien
Obligations have been paid in full in cash, no Second Lien Creditor shall, without the prior written consent of First Lien Agent, seek or request relief from or modification of the automatic stay or any other stay in any Insolvency Proceeding in
respect of any part of the Collateral, any proceeds thereof or any Lien of the Second Lien Creditors. 
 (e) Second Lien Agent, for itself
and on behalf of the other Second Lien Creditors, agrees that no Second Lien Creditor shall oppose or seek to challenge any claim by First Lien Agent or any other First Lien Lender for allowance in any Insolvency Proceeding

  
 Intercreditor and Subordination
Agreement 
  
 23 

 
of First Lien Obligations consisting of post-petition interest, fees or expenses to the extent of the value of the Liens of the First Lien Lenders (it being understood and agreed that such value
shall be determined without regard to the existence of the Liens of the Second Lien Creditors on the Collateral). Regardless of whether any such claim for post-petition interest, fees or expenses is allowed or allowable, and without limiting the
generality of the other provisions of this Intercreditor Agreement, this Intercreditor Agreement expressly is intended to include and does include the “rule of explicitness” in that this Intercreditor Agreement expressly entitles the First
Lien Lenders, and is intended to provide the First Lien Lenders with the right, to receive payment of all post-petition interest, fees or expenses through distributions made pursuant to the provisions of this Intercreditor Agreement even though such
interest, fees and expenses are not allowed or allowable against the bankruptcy estate of Borrower or any other Obligor under Section 502(b)(2) or Section 506(b) of the U.S. Bankruptcy Code or under any other provision of the U.S
Bankruptcy Code or any other bankruptcy law. 
 (f) Second Lien Agent, for itself and on behalf of the other Second Lien Creditors, waives
any claim any Second Lien Creditor may hereafter have against any First Lien Lender arising out of (i) the election by any First Lien Lender of the application of Section 1111(b)(2) of the U.S. Bankruptcy Code or any comparable provision
of any other bankruptcy law, or (ii) any use of cash collateral or financing arrangement, or any grant of a security interest in the Collateral, in any Insolvency Proceeding so long as such action is otherwise permitted under this Intercreditor
Agreement. 
 (g) Each of First Lien Agent, on behalf of the First Lien Lenders, and Second Lien Agent, on behalf of the Second Lien
Creditors, agrees that, without the written consent of the other, it will not seek to vote with the other as a single class in connection with any plan of reorganization in any Insolvency Proceeding 

(h) Nothing contained herein shall prohibit or in any way limit First Lien Agent or any First Lien Lender from objecting on any basis in any
Insolvency Proceeding or otherwise to any action taken by Second Lien Agent or any other Second Lien Creditor, including the seeking by Second Lien Agent or any other Second Lien Creditor of adequate protection or the assertion by Second Lien Agent
or any other Second Lien Creditors of any of its rights and remedies under the Indenture Documents or otherwise. 
 (i) If, in any
Insolvency Proceeding, debt obligations of the reorganized debtor secured by Liens upon any property of the reorganized debtor are distributed pursuant to a plan of reorganization or similar dispositive restructuring plan, both on account of First
Lien Obligations and on account of Second Lien Obligations, then, to the extent the debt obligations distributed on account of the First Lien Obligations and on account of the Second Lien Obligations are secured by Liens upon the same property, the
provisions of this Intercreditor Agreement will survive the distribution of such debt obligations pursuant to such plan and will apply with like effect to the Liens securing such debt obligations. 

  
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 (j) If First Lien Agent or any First Lien Lender is required in any Insolvency Proceeding or
otherwise to turn over or otherwise pay to the estate of Borrower or any other Obligor any amount (a “Recovery”), then the First Lien Obligations shall be reinstated to the extent of such Recovery and First Lien Agent and the First
Lien Lenders shall be entitled to a reinstatement of First Lien Obligations with respect to all such recovered amounts. If this Intercreditor Agreement shall have been terminated prior to such Recovery, this Intercreditor Agreement shall be
reinstated in full force and effect, and such prior termination shall not diminish, release, discharge, impair or otherwise affect the obligations of the parties hereto from such date of reinstatement. Any amounts received by Second Lien Agent or
any Second Lien Creditor on account of the Second Lien Obligations after the termination of this Intercreditor Agreement shall, in the event of a reinstatement of this Intercreditor Agreement pursuant to this clause (j), be held in trust for and
paid over to First Lien Agent for the benefit of the First Lien Lenders, for application to the reinstated First Lien Obligations. This clause (j) shall survive termination of this Intercreditor Agreement. 

4.6 Bailee for Perfection. Each Creditor hereby appoints the other Creditor as agent for the purposes of perfecting the other
Creditor’s Liens in and on any of the Collateral in the possession or under the control of such Creditor or its representatives, including, without limitation, Liens on Borrower’s and the other Obligors’ deposit accounts maintained by
First Lien Agent and investment property and instruments in the possession or under the control of the First Lien Agent; provided, that, the Creditor in the possession or control of any Collateral shall not have any duty or liability
to protect or preserve any rights pertaining to any of the Collateral and, except for gross negligence or willful misconduct as determined pursuant to a final non-appealable order of a court of competent
jurisdiction, the non-possessing or non-controlling Creditor hereby waives and releases the other Creditor from, all claims and liabilities arising pursuant to the
possessing or controlling Creditor’s role as bailee with respect to the Collateral, so long as the possessing or controlling Creditor shall use the same degree of care with respect thereto as the possessing or controlling Creditor uses for
similar property pledged to the possessing or controlling Creditor as collateral for indebtedness of others to the possessing or controlling Creditor. Prior to the date on which First Lien Agent and the First Lien Lenders shall have received final
payment in full in cash of all of the First Lien Obligations and the First Lien Loan Agreements have been terminated, any Collateral in the possession or under the control of Second Lien Agent or the Second Lien Creditor shall be forthwith delivered
to First Lien Agent, except as otherwise may be required by applicable law or court order. After First Lien Agent and the First Lien Lenders shall have received final payment in full in cash of all of the First Lien Obligations and the loan
commitments under the First Lien Loan Agreements have been terminated, First Lien Agent shall deliver (i) the remainder of the Collateral, if any in their possession to Second Lien Agent, except as may otherwise be required by applicable law or
court order and (ii) a written notice prepared by Second Lien Agent (at Borrower’ expense) to each landlord that has executed a landlord’s waiver and each bailee that has executed a bailee waiver stating that Second Lien Agent is
entitled to exercise the rights and take the actions set forth in such landlord’s waiver or bailee waiver. 

  
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 4.7 Notices. All notices, requests and demands to or upon the respective parties hereto
shall be in writing and shall be deemed duly given, made or received: if delivered in person, immediately upon delivery; if by telex, telegram or facsimile transmission, immediately upon sending and upon confirmation of receipt; if by nationally
recognized overnight courier service with instructions to deliver the next business day, one (1) business day after sending; and if mailed by certified mail, return receipt requested five (5) days after mailing to the parties at their
addresses set forth below (or to such other addresses as the parties may designate in accordance with the provisions of this Section): 
  

					
	To First Lien Agent or	  	Victory Park Management, LLC
	the First Lien Lenders:	  	227 W. Monroe Street, Suite 3900
		  	Chicago, Illinois 60606
		  	Telephone:	  	(312) 705-2786
		  	Facsimile:	  	(312) 701-0794
		  	Attention:	  	Scott R. Zemnick, General Counsel
		  	E-mail:	  	szemnick@vpcadvisors.com
		
		  	with a copy (for informational purposes only) to:
		
		  	Katten Muchin Rosenman LLP
		  	525 West Monroe Street
		  	Chicago, Illinois 60661
		  	Telephone:	  	(312) 902-5297 and (312) 902-5495
		  	Facsimile:	  	(312) 577-8964 and (312) 577-8854
		  	Attention:	  	Mark R. Grossmann, Esq. and Scott E.
		  		  	 Lyons, Esq.

		  	E-mail:	  	mark.grossmann@kattenlaw.com and
		  		  	 scott.lyons@kattenlaw.com

		
	To Second Lien Agent or	  	Wilmington Trust, National Association
	the other Second Lien Creditors:	  	Corporate Capital Markets
		  	50 South Sixth Street, Suite 1290
		  	Minneapolis, MN 55402
		  	Attention: Curo Intermediate Holdings Corp.
		  		  	Administrator
		  	Telecopier No.: 612-217-5651
		  	Telephone No.: 612-217-5632

 Either of the above Creditors may change the address(es) to which all notices, requests and other communications are to
be sent by giving written notice of such address change to the other Creditor in conformity with this Section 4.7, but such change shall not be effective until notice of such change has been received by the other Creditor.

 Intercreditor and Subordination Agreement 

  
 26 

 4.8 Counterparts. This Intercreditor Agreement may be executed in any number of
counterparts, each of which shall be an original with the same force and effect as if the signatures thereto and hereto were upon the same instrument. 

4.9 Governing Law. The validity, construction and effect of this Intercreditor Agreement shall be governed by the internal laws of the
State of New York (without giving effect to principles of conflicts of law). 
 4.10 Consent to Jurisdiction; Waiver of Jury Trial.
EACH PARTY HERETO HEREBY SUBMITS TO THE EXCLUSIVE JURISDICTION OF ANY U.S. FEDERAL OR NEW YORK STATE COURT SITTING IN THE STATE OF NEW YORK, BOROUGH OF MANHATTAN, FOR THE PURPOSES OF ALL LEGAL PROCEEDINGS ARISING OUT OF OR RELATING TO THIS
INTERCREDITOR AGREEMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY. EACH PARTY HERETO HEREBY IRREVOCABLY WAIVES, TO THE FULLEST EXTENT PERMITTED BY APPLICABLE LAW, ANY OBJECTION THAT 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. EACH CREDITOR HEREBY WAIVES ANY RIGHT TO TRIAL BY JURY OF ANY CLAIM, DEMAND, ACTION OR CAUSE OF ACTION
ARISING UNDER THIS INTERCREDITOR AGREEMENT OR IN ANY WAY CONNECTED WITH OR RELATED OR INCIDENTAL TO THE DEALINGS OF THE PARTIES HERETO IN RESPECT OF THIS INTERCREDITOR AGREEMENT, WHETHER NOW EXISTING OR HEREAFTER ARISING, AND WHETHER IN CONTRACT,
TORT, EQUITY OR OTHERWISE. 
 4.11 Complete Agreement. This written Intercreditor Agreement is intended by the parties as a final
expression of their agreement and is intended as a complete statement of the terms and conditions of their agreement with respect to the subject matter hereof. 

4.12 No Third Parties Benefited. Except as expressly provided in Sections 4.2 and 4.3 hereof and consents which are deemed
to have been given under Section 2.9 hereof, this Intercreditor Agreement is solely for the benefit of the Creditors and their respective successors, participants and assigns, and no other person shall have any right,
benefit, priority or interest under, or because of the existence of, this Intercreditor Agreement. 
 4.13 Disclosures; Non-Reliance. Each Creditor (other than the Second Lien Agent) has the means to, and shall in the future remain, fully informed as to the financial condition and other affairs of Borrower and the other Obligors
and no Creditor shall have any obligation or duty to disclose any such information to any other Creditor. Except as expressly set forth in this Intercreditor Agreement, the parties hereto have not otherwise made to each other nor do they hereby make
to each other any warranties, express or implied, nor do they assume any liability to each other with respect to: (a) the enforceability, validity, value or collectability of any of the Second Lien Obligations or the First Lien Obligations or
any guarantee or security which may have been granted to any of them in connection therewith, (b) Borrower’s or any other Obligors’ title to or right to transfer any of the Collateral, or (c) any other matter except as expressly
set forth in this Intercreditor Agreement. 

  
 Intercreditor and Subordination
Agreement 
  
 27 

 4.14 Term. This Intercreditor Agreement is a continuing agreement and shall remain in full
force and effect until the satisfaction in full of all First Lien Obligations and Second Lien Obligations and the termination of the financing arrangements between First Lien Agent, the First Lien Lenders, Second Lien Agent, the other Second Lien
Creditors, Borrower and the other Obligors. Notwithstanding the foregoing if, in any insolvency Proceeding or otherwise, all or part of any payment with respect to the First Lien Obligations previously made shall be rescinded for any reason
whatsoever, then the First Lien Obligations shall be reinstated to the extent of the amount so rescinded and, if theretofore terminated, this Intercreditor Agreement shall be reinstated in full force and effect and such prior termination shall not
diminish, release, discharge, impair or otherwise affect the Lien priorities and the relative rights and obligations of the First Lien Lenders and the Second Lien Creditors provided for herein. 

4.15 Lien Subordination. Except as otherwise provided in this Intercreditor Agreement, nothing in this Intercreditor Agreement shall
prohibit the receipt by Second Lien Agent or any other Second Lien Creditor of the required payments of principal, premium, interest, fees and other amounts due under the Indenture Documents so long as such receipt is not the direct or indirect
result of the enforcement or exercise by Second Lien Agent or any other Second Lien Creditor of rights or remedies as a secured creditor or enforcement in contravention of this Intercreditor Agreement. In the event Second Lien Agent or any other
Second Lien Creditor becomes a judgment lien creditor in respect of Collateral as a result of its enforcement of its rights as an unsecured creditor, such judgment lien shall be subordinated to the Liens securing First Lien Obligations on the same
basis as the other Liens securing the Second Lien Obligations are so subordinated to such First Lien Obligations under this Intercreditor Agreement. Nothing in this Intercreditor Agreement impairs or otherwise adversely affects any rights or
remedies First Lien Agent or the other First Lien Lenders may have with respect to the Collateral. 
 4.16 Legend. Each of First Lien
Agent on behalf of the First Lien Lenders and Second Lien Agent on behalf of the Second Lien Creditors agrees that each First Lien Loan Agreement and each Indenture Document, as applicable, constituting a collateral or security document, shall
include the following language (or language to similar effect approved by both First Lien Agent and Second Lien Agent): 
 “Notwithstanding anything
herein to the contrary, the lien and security interest granted pursuant to this Agreement and the exercise of any right or remedy hereunder are subject to the provisions of the Amended and Restated Intercreditor Agreement dated as of
November 17, 2016 (as amended, restated, supplemented or otherwise modified from time to time, the “Intercreditor Agreement”), among Victory Park Management, LLC, in its capacity as collateral agent for, and
acting on behalf of, the First Lien Lenders identified therein and Wilmington Trust FSB, in its capacity as collateral agent for, and acting on 

  
 Intercreditor and Subordination
Agreement 
  
 28 

 
behalf of, itself and the other Second Lien Creditors identified therein, at any time that the Intercreditor Agreement is in effect. In the event of any conflict between the terms of the
Intercreditor Agreement and this Agreement, the terms of the Intercreditor Agreement shall govern and control at any time the Intercreditor Agreement is in effect.” 

4.17 Rights as Unsecured Creditors. Notwithstanding anything to the contrary contained herein, the Second Lien Creditors may, in
accordance with the Indenture Documents and applicable law, enforce rights and exercise remedies against Borrower and any other Obligor as unsecured creditors unless any such action is otherwise expressly or impliedly inconsistent with the terms of
this Intercreditor Agreement. Notwithstanding the foregoing, nothing herein shall prevent any Second Lien Creditor from raising any objection to any sale pursuant to Section 363 of the Bankruptcy Code which could be raised solely by, or on
behalf of, an unsecured creditor as permitted by Section .5(b) hereof, it being understood that the Second Lien Creditors agree that they will be deemed to have consented, pursuant to Section 363 (0(2) of the Bankruptcy Code, to any sale
supported by any of the First Lien Lenders, and no Second Lien Creditor shall raise any objection pursuant to Section 363 (0(3) of the Bankruptcy Code to any such sale. 

4.18 Amendment and Restatement. This Intercreditor Agreement amends and restates the Original Intercreditor Agreement in its entirety
effective as of the date hereof. 
 4.19 Conflicts. In the event of any conflict between the provisions of this Intercreditor
Agreement and the provisions of any Indenture Document or any First Lien Loan Agreement, the provisions of this Intercreditor Agreement shall govern. With respect to Second Lien Agent and the other Second Lien Creditors and the obligations of Second
Lien Agent under the Indenture Documents only, in the event of a conflict between this Intercreditor Agreement and the Indenture Documents, the terms of the Indenture shall govern and control. 

[signature pages follow] 

  
 Intercreditor and Subordination
Agreement 
  
 29 

 IN WITNESS WHEREOF, the parties have caused this Intercreditor Agreement to be duly executed as
of the day and year first above written. 
  

			
	FIRST LIEN AGENT:
	
	 VICTORY PARK MANAGEMENT, LLC,
 for
itself as First Lien Agent and as Collateral

	Agent for the First Lien Lenders
		
	By:	 	 /s/ Scott R. Zemnick

		 	Name: Scott R. Zemnick
		 	Title:   Authorized Signatory

  

			
	 SECOND LIEN AGENT:

	
	 WILMINGTON TRUST, NATIONAL

	 ASSOCIATION , as Collateral Agent under the

	 Indenture, for itself and the other Second Lien

	 Creditors
	 	

  

			
	By:	 	 /s/ Jane Schweiger

		 	Name: Jane Schweiger
		 	Title:  Vice President

 [Signature page to Intercreditor and Subordination Agreement] 

 Each of the undersigned hereby acknowledges and agrees to the foregoing terms and provisions. By
its signature below, each of the undersigned agrees that it will, together with its successors and assigns, be bound by the provisions hereof. 

Each of the undersigned agrees that any Creditor holding or otherwise controlling Collateral (the “Controlling Creditor”) does so as
bailee (under the UCC) for and on behalf of the other Creditors which have a Lien on such Collateral, and each Controlling Creditor is hereby authorized to and may turn over to Second Lien Agent (if First Lien Agent or any First Lien Lender is the
Controlling Creditor) or to First Lien Agent (if Second Lien Agent or any Second Lien Creditor is the Controlling Creditor) upon request therefore any such Collateral, after all obligations and indebtedness of the undersigned to such Controlling
Creditor shall have been fully paid and performed. 
 Each of the undersigned acknowledges and agrees that: (i) although it may sign
this Intercreditor Agreement it is not a party hereto and does not and will not receive any right, benefit, priority or interest under or because of the existence of the foregoing Intercreditor Agreement (except for a consent which is deemed to have
been given by the Second Lien Creditors under Section 2.9), and (ii) it will execute and deliver such additional documents and take such additional action as may be necessary or desirable in the reasonable opinion of
any of the Creditors to effectuate the provisions and purposes of the foregoing Intercreditor Agreement. 
 [signature page follows] 

 
			
	CURO FINANCIAL TECHNOLOGIES CORP.
	CURO INTERMEDIATE HOLDINGS CORP.
	TODD FINANCIAL, INC.
	TODD CAR TITLE, INC.
	CURO MANAGEMENT LLC
	FMMR INVESTMENTS, INC.
	EVERGREEN FINANCIAL INVESTMENTS,
	INC.
	PRINCIPAL INVESTMENTS, INC.
	SPEEDY CASH
	ADVANCE GROUP, INC.
	CONCORD FINANCE, INC.
	SCIL, INC.
	CASH COLORADO, LLC
	GALT VENTURES, LLC
	 A SPEEDY CASH CAR TITLE LOANS, LLC

SCIL TEXAS, LLC

	 SC AURUM, LLC
 ATTAIN FINANCE,
LLC
 SPEEDY CASH ILLINOIS, INC.
 SC TEXAS MB,
INC.

	THE MONEY STORE, L.P.

  

			
	By:	 	 /s/ Donald F. Gayhardt Jr.

		 	Name: Donald F. Gayhardt Jr.
		 	Title:   President & Chief Executive Officer

 [Signature Page to lntercreditor and Subordination Agreement]

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