SEC Contract Filing

Filing Date: 2015-08-10

Document Content:
<DOCUMENT>
<TYPE>EX-10.2
<SEQUENCE>3
<FILENAME>ecpg-2015630ex102.htm
<DESCRIPTION>EXHIBIT 10.2
<TEXT>
<!DOCTYPE html PUBLIC "-//W3C//DTD HTML 4.01 Transitional//EN" "http://www.w3.org/TR/html4/loose.dtd">
<html>
	<head>
 <!-- Document created using Wdesk 1 -->
 <!-- Copyright 2015 Workiva -->
 <title>ECPG-2015.6.30 Ex 10.2 </title>
	</head>
	<body style="font-family:Times New Roman;font-size:10pt;">
<a name="sd81fe8b11ed1430d87cbac2fe98ceb86"></a><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">Exhibit 10.2</font></div></div><br><div style="line-height:120%;text-align:justify;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">CERTAIN MATERIAL (INDICATED BY AN ASTERISK) HAS BEEN OMITTED FROM THIS DOCUMENT PURSUANT TO A REQUEST FOR CONFIDENTIAL TREATMENT. THE OMITTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMISSION.</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">AMENDMENT NO. 2 TO </font></div><div style="line-height:120%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">TAX LIEN LOAN AND SECURITY AGREEMENT</font></div><div style="line-height:120%;text-align:left;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">THIS AMENDMENT NO. 2 TO TAX LIEN LOAN AND SECURITY AGREEMENT (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">Amendment</font><font style="font-family:inherit;font-size:12pt;">&#8221;), dated as of April 3, 2015 is entered into by and among PFS FINANCIAL 1, LLC, as a borrower (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">PFS1</font><font style="font-family:inherit;font-size:12pt;">&#8221;), PFS FINANCIAL 2, LLC, on behalf of itself and each of its Series, as a borrower (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">PFS2</font><font style="font-family:inherit;font-size:12pt;">&#8221;), PFS FINANCE HOLDINGS, LLC, as the borrower representative (the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">Borrower Representative</font><font style="font-family:inherit;font-size:12pt;">&#8221;), and WELLS FARGO BANK, N.A., a national banking association (&#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">Lender</font><font style="font-family:inherit;font-size:12pt;">&#8221;). Capitalized terms used and not otherwise defined herein are used as defined in the Loan Agreement (as defined below).</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">WHEREAS, the parties hereto are parties to that certain Tax Lien Loan and Security Agreement, dated as of May 15, 2013, as supplemented by the Joinder Agreement, dated as of May 24, 2013 and as amended by that certain Amendment No. 1 to Tax Lien Loan and Security Agreement, dated as of May 6, 2014 (and as further amended, supplemented, restated or otherwise modified to the date hereof the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">Loan Agreement</font><font style="font-family:inherit;font-size:12pt;">&#8221;), by and among PFS 1, PFS2, the other borrowers party thereto from time to time (collectively with PFS1 and PFS2, the &#8220;</font><font style="font-family:inherit;font-size:12pt;font-style:italic;text-decoration:underline;">Borrowers</font><font style="font-family:inherit;font-size:12pt;">&#8221;), the Borrower Representative and Lender; </font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;">&#160;&#160;&#160;&#160;</font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">WHEREAS, the parties hereto desire to amend the Loan Agreement in certain respects as provided herein;</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;"><br></font></div><div style="line-height:120%;text-align:justify;text-indent:48px;font-size:12pt;"><font style="font-family:inherit;font-size:10pt;"></font><font style="font-family:inherit;font-size:12pt;">NOW THEREFORE, in consideration of the premises and the other mutual covenants contained herein, the parties hereto agree as follows:</font></div><div style="line-height:120%;text-align:justify;font-size:10pt;"><font style="font-family:inherit;font-size: