SEC Contract Filing

Filing Date: 2024-01-05

Document Content:
<DOCUMENT>
<TYPE>EX-10.3
<SEQUENCE>4
<FILENAME>ex10-3.htm
<TEXT>
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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>Exhibit
10.3</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: right"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">EXECUTION
COPY</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 126.9pt 0pt 128.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>MASTER
OPTION SERVICING </B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 126.9pt 0pt 128.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>AGREEMENT</B></FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 126.9pt 0pt 128.4pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">THIS
MASTER OPTION SERVICING AGREEMENT (this &ldquo;<U>Agreement</U>&rdquo;) is made this 29<SUP>th</SUP> day of December, 2023, by and between
POINT DIGITAL FINANCE, INC., a Delaware corporation (&ldquo;<U>Point</U>&rdquo;), as servicer (in such capacity, &ldquo;<U>Servicer</U>&rdquo;)
and as trust manager (in such capacity, &ldquo;<U>Trust Manager</U>&rdquo;) of POINT TITLING TRUST, a Delaware statutory trust, as the
titling trust (&ldquo;<U>PTT</U>&rdquo;), PTT, solely in its capacity as Owner (as defined below) hereunder, and GB HRP, LLC, a Delaware
limited liability company (&ldquo;<U>Buyer Agent</U>&rdquo;).</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">This
Agreement governs the servicing by Servicer of certain Options more particularly described herein.</FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt"><B>RECITALS</B></FONT></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">A. Point,
in its capacity as seller (in such capacity, &ldquo;<U>Seller</U>&rdquo;), PTT and Buyer Agent have entered into that certain Program
Agreement dated as of the date hereof (the &ldquo;<U>Program Agreement</U>&rdquo;), which sets forth certain rights and obligations of
the Parties with respect to purchases of Options under that certain Master Option Sale Agreement, dated as of the date hereof (the &ldquo;<U>Purchase
Agreement</U>&rdquo;).</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">B. Pursuant
to the Program Agreement and the Purchase Agreement, Seller will facilitate the purchase by, and assignment to, PTT (not in its individual
capacity, but solely in its capacity as buyer of Options under Purchase Agreement, which purchases shall be made at the direction of
Buyer Agent solely for allocation to the applicable Investor SUBIs; PTT in such capacity, &ldquo;<U>Owner</U>,&rdquo; and together with
Buyer Agent, the &ldquo;<U>Buyer Parties</U>&rdquo;) of certain Options, which will then be recorded in the name of Owner and allocated
to and held by the applicable Investor SUBIs, with each Option being evidenced, secured, and/or guaranteed by the Option Documents applicable
thereto.</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">&nbsp;</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify; text-indent: 0.5in"><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">C. Point,
as Depositor and as holder of the UTI under the Titling Trust Agreement, may from time to time cause Investor SUBIs to be issued pursuant
to the applicable Investor SUBI Supplement and to be sold to an entity designated by Buyer Agent pursuant t