Exhibit

CREDIT DEFAULT PROTECTION AGREEMENT

THIS CREDIT DEFAULT PROTECTION AGREEMENT (this "Agreement") is made and entered into as of October 15, 2018, by and between EF Financial, LLC, a Delaware limited liability company ("EFF") and EF SPV, Ltd., a Cayman Islands exempted company incorporated with limited liability ("EFSPV"). Each party to this Agreement may be referred to herein, individually, as a "Party" or, collectively, as "Parties."

Recitals

WHEREAS, EFSPV has entered into a Participation Agreement of even date herewith (as the same may be amended, supplemented, restated or otherwise modified from time to time, the "Participation Agreement") with FinWise Bank, a Utah state chartered bank ("FB") pursuant to which EFSPV may from time to time acquire certain Participation Interests in Loans, including the Receivables and the Collections related thereto (as each such term is defined below);

WHEREAS, the lenders from time to time party thereto (individually and collectively, the "Lender"), Victory Park Management, LLC, as administrative agent and collateral agent for such lenders and the Holders (as defined therein) (in such capacities, the "Agent") and EFSPV have entered into that certain Fourth Amended and Restated Financing Agreement of even date herewith (as the same may be amended, supplemented, restated or otherwise modified from time to time, the "Financing Agreement") pursuant to which Lender shall extend a credit facility to EFSPV to facilitate the purchase by EFSPV of Participation Interests from time to time pursuant to the Participation Agreement;

WHEREAS, in connection with the transactions contemplated by the Financing Agreement, EFF has agreed to provide EFSPV with credit risk insurance in the form of Credit Default Payments (as defined below) to EFSPV in return for the payment by EFSPV of EFF Credit Risk Premiums (as defined below) pursuant to the terms of this Agreement; and

WHEREAS, as collateral security for EFF's potential Credit Default Payment obligations under this Agreement, EFF has agreed to deposit funds into the Operating Account (as defined below) from time to time to be used (i) for the payment by EFF of EFSPV Credit Default Payments pursuant to the terms of this Agreement, and (ii) for the purchase by EFSPV of Participation Interests pursuant to the Participation Agreement.

NOW, THEREFORE, for and in consideration of the premises, and the agreements, covenants, and other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged and confessed, the parties, intending to be legally bound, agree as follows:

Agreement

1.Defined Terms. As used herein, the following terms have the following meanings and capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Participation Agreement or, if not defined therein, the Financing Agreement:

(a) "Additional Amount" shall have the meaning specified in Section 8(a).

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(b) "Administrative Services Agreement" means the Administrative Services Agreement of even date herewith by and between EFSPV and EFF, as the same may be amended, supplemented, restated or otherwise modified from time to time.

(c) "Affiliates" means with respect to any Person, any Person directly or indirectly controlling, controlled by, or under common control with such other Person.

(d) "Agent Fee" shall have the meaning assigned to such term in the Administrative Services Agreement.

(e) "Agreement" shall have the meaning set forth in the introductory paragraph.

(f) "Borrower" means an obligor on a Loan.

(g) "Business Day" means a day other than Saturday, Sunday or a public holiday on which banks are authorized or required to be closed under the laws of the State of Delaware.

(h) "Credit Advance" means an advance by Lender to EFSPV pursuant to the Financing Agreement.

(i) "Code" means the Internal Revenue Code of 1986, as amended.

(j) "Collateral" shall have the meaning given to such term in the Security Agreement.

(k) "Collections" shall have the meaning assigned to such term in the Participation Agreement.

(l) "Defaulted Loan" means a Loan that has been charged off in accordance with the Program Guidelines due to a default by a Borrower.

(m) "EFF" shall have the meaning set forth in the introductory paragraph.

(n) "EFF Credit Risk Premium" means, for any given calendar month, the excess (if any) of the Participation Percentage of (i) the Finance Charge Receivables received or accrued by EFSPV on account of the Participation Interests during such calendar month, less (ii) all Realized Losses incurred by EFSPV on account of the Participation Interests during such calendar month, less (iii) all Servicing Fees, Participation Fees and Purchase Premiums incurred by EFSPV pursuant to the Participation Agreement during such calendar month, less (iv) all other expenses (including any loan loss reserves in respect of such Participation Interests in accordance with Generally Accepted Accounting Principles and based upon the ultimate collectability of the Loans that have a principal and/or interest payment less than sixty (60) days past due), less (v) the Fixed Return for such calendar month, less (vi) any Taxes incurred by EFSPV for such calendar month, less (vii) the Agent Fee and the Monthly Maintenance Fee.

(o) "EFSPV" shall have the meaning set forth in the introductory paragraph.

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(p) "EFSPV Credit Default Payment" means, for any given calendar month, the excess (if any) of the sum of (i) all Realized Losses incurred by EFSPV on account of the Participation Interests during such calendar month, plus (ii) all Servicing Fees, Participation Fees, Financing Fees and Purchase Premiums incurred by EFSPV pursuant to the Participation Agreement during such calendar month, plus (iii) all other expenses (including any loan loss reserves in respect of such Participation Interests in accordance with Generally Accepted Accounting Principles and based upon the ultimate collectability of the Loans that have a principal and/or interest payment less than sixty (60) days past due), plus (iv) the Fixed Return for such calendar month, plus (v) any Taxes incurred by EFSPV for such calendar month, plus (vi) the Agent Fee and Monthly Maintenance Fee, less the Participation Percentage of the Finance Charge Receivables received or accrued by EFSPV on account of the Participation Interests during such calendar month.

(q) "FB" shall have the meaning set forth in the recitals.

(r) ''Finance Charge Receivables" shall have the meaning assigned to such term in the Participation Agreement.

(s) "Financing Agreement" shall have the meaning set forth in the recitals.

(t) "Financing Fee" shall have the meaning assigned to such term in the Participation Agreement.

(u) "Fixed Return" shall have the meaning assigned to such term in the Administrative Services Agreement.

(v) "Governmental Authority" means any federal or state government (or any political subdivision of any of the foregoing), and any agency, authority, commission, instrumentality, regulatory body, court, central bank or other entity exercising executive, legislative, judicial, taxing, regulatory or administrative powers or functions of or pertaining to government, whether or not any such Governmental Authority has jurisdiction over a Party.

(w) "Law" or "Laws" means all applicable state and federal codes, statutes, laws, permits, rules, regulations, interpretations, regulatory guidance, ordinances, orders, policies, determinations, judgments, writs, injunctions, decrees and common law and equitable rules, causes of action, remedies and principles as the same may be amended, modified, supplemented or superseded from time to time, and any requirements of any Governmental Authority with appropriate jurisdiction.

(x) "Lender" shall have the meaning set forth in the recitals.

(y) "Material Adverse Effect" means a material adverse effect on: (i) the business operations, properties, assets, condition (financial or otherwise) of a Party; (ii) the ability of a Party to fully and timely perform its obligations under this Agreement; (iii) the legality, validity, binding effect, or enforceability against a Party to this Agreement; or (iv) the rights, remedies and benefits available to a Party under this Agreement.

(z) "Monthly Maintenance Fee" shall have the meaning assigned to such term in the Administrative Services Agreement.

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(aa) "Operating Account" shall have the meaning assigned to such term in the Administrative Services Agreement.

(bb) "Other Taxes" shall have the meaning set forth in Section 8(b).

(cc) "Participation Agreement" shall have the meaning set forth in the recitals.

(dd) "Participation Fee" shall have the meaning assigned to such term in the Participation Agreement.

(ee) "Participation Interest" shall have the meaning assigned to such term in the Participation Agreement.

(ff) "Participation Percentage" shall have the meaning assigned to such term in the Participation Agreement.

(gg) "Party" shall have the meaning set forth in the introductory paragraph.

(hh) "Person" means any individual, corporation, estate, partnership, limited liability company, joint venture, association, joint stock company, trust (including any beneficiary thereof), unincorporated organization or government or any agency or political subdivision thereof.

(ii) "Principal Receivables" shall have the meaning assigned to such term in the Participation Agreement.

(jj) "Program" shall have the meaning assigned to such term in the Participation Agreement.

(kk) "Program Guidelines" shall have the meaning assigned to such term in the Financing Agreement.

(ll) "Purchase Premium" shall have the meaning assigned to such terms in the Participation Agreement.

(mm) "Realized Loss" means, with respect to each Defaulted Loan, an amount as of the date of such liquidation, equal to (i) the Principal Receivables then due and owing in respect of such Defaulted Loan, plus (ii) all accrued and unpaid Finance Charge Receivables in respect of such Defaulted Loan, minus (iii) any Recoveries in respect of such Defaulted Loan.

(nn) "Receivables" shall have the meaning assigned to such term in the Participation Agreement.

(oo) "Recoveries" shall have the meaning assigned to such term in the Participation Agreement.

(pp) "Requirements" means all Laws applicable to the Parties or the transactions contemplated by the Transaction Documents.

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(qq) "Reserve Deposit" means, with respect to each Credit Advance, an amount equal to 15% of such Credit Advance.

(rr) "Security Agreement" shall have the meaning given to such term in the Financing Agreement.

(ss) "Servicing Fees" shall have the meaning assigned to such term in the Participation Agreement.

(tt) "Taxes" means all current or future (a) foreign, federal, state or local income, gross receipts, franchise, estimated, alternative minimum, add-on minimum, sales, use, transfer, registration, value added, excise, parking, unclaimed property/escheatment, natural resources, severance, stamp, occupation, occupancy, ad valorem, premium, windfall profit, environmental, customs, duties, real property, personal property, capital stock, social security, unemployment, disability, payroll, license, employee or other withholding, or other tax of any kind whatsoever, (b) any liability for the payment of amounts of the type described in clause (a) hereof as a result of being at any time a transferee of, or a successor in interest to, any person, and (c) any interest, penalties or additions to tax or additional amounts (whether disputed or not) in respect of the foregoing.

(uu) "Transaction Documents" means this Agreement, the Participation Agreement, the Administrative Services Agreement, the Financing Agreement and each of the other agreements, documents, certificates or other instruments delivered in connection with the transactions contemplated hereby and thereby.

(vv) "Victory Park" means Victory Park Capital Advisors, LLC, a Delaware limited liability company, or its successors and assigns.


2.	Distributions.

(a) No later than ten (10) Business Days after the end of each calendar month, EFSPV shall pay or cause to be paid to Victory Park the Fixed Return for such prior calendar month out of Collections received in respect of the Participation Interests;

(b) No later than ten (10) Business Days after the end of each calendar month, but only after payment in full of the Fixed Return as contemplated by the preceding clause (a) with respect to such calendar month, EFSPV shall pay or cause to be paid to EFF the EFF Credit Risk Premium, if any, for such calendar month by wire transfer of immediately available funds to accounts specified in writing by EFF; provided that, no such EFF Credit Risk Premium, or any part thereof, shall be paid or otherwise distributed to EFF pursuant to this clause (b) upon the occurrence and during the continuance of an Event of Default; and

(c) No later than ten (10) Business Days after the end of each calendar month, EFF shall pay or cause to be paid to EFSPV the EFSPV Credit Default Payment, if any, for such calendar month by wire transfer of immediately available funds to accounts specified in writing by EFSPV.

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EFSPV acknowledges that the obligation of EFF to pay EFSPV Credit Default Payments to EFSPV pursuant to clause (c) above is a material inducement to EFSPV to enter into this Agreement and the Participation Agreement, and is a material factor in EFSPV's agreement to pay the EFF Credit Risk Premiums to EFF pursuant to clause (b) above.

3.Deposits into Operating Account. Upon the funding of each Credit Advance by Lender to EFSPV, EFF shall deposit or cause to be deposited an amount equal to the Reserve Deposit into the Operating Account. The Reserve Deposits shall be used solely (i) for the payment by EFF of EFSPV Credit Default Payments pursuant to the terms of this Agreement, and (ii) for the purchase by EFSPV of Participation Interests pursuant to the Participation Agreement.

4.Withdrawal of Reserve Deposits from the Operating Account. Solely to the extent necessary to satisfy its obligations under Section 2(c), EFF may request EFSPV to withdraw Reserve Deposits from the Operating Account from time to time. Additionally, upon a decrease in the available amount of Credit Advances under the Financing Agreement, EFF may request EFSPV to return a corresponding amount of the Reserve Deposits to EFF.

5.Representations and Warranties. Each Party hereby makes the following representations and warranties to the other Party as of the date hereof:

(a) Organization and Good Standing. It is duly organized, validly existing and in good standing under the laws of its jurisdiction of organization and has the full power, authority and the legal right to own its properties and conduct its business as now conducted, and to execute, deliver and perform its obligations under this Agreement and under each of the other Transaction Documents to which it is a party.

(b) Due Qualification. It (i) is duly qualified to do business and is in good standing as a foreign entity in each jurisdiction where such qualification is necessary in order to perform its duties hereunder and under each of the other Transaction Documents to which it is a party, (ii) has obtained all licenses and approvals as required under federal and state law that are necessary to perform its duties hereunder and under each of the other Transaction Documents to which it is a party and (iii) is in compliance with its organizational documents.

(c) Due Authorization; Enforceability. It has the full power and authority to execute and deliver this Agreement and to perform its obligations hereunder and under each of the other Transaction Documents to which it is a party including, without limitation, the performance of the Services to be performed by it hereunder. The execution, delivery and performance of this Agreement and the other Transaction Documents to which it is a party has been duly authorized by all necessary entity action on its part and do not and will not contravene any provision of its organizational documents. Each of this Agreement and the other Transaction Documents to which it is a party has been duly executed and delivered by it and constitutes a legal, valid and binding obligation, enforceable against it in accordance with its terms, except as such enforceability may be limited by applicable bankruptcy, reorganization, insolvency, moratorium and/or other similar laws and general equitable principles.

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(d) No Conflict. The execution, delivery and performance of this Agreement and each of the other Transaction Documents to which it is a party and the transactions contemplated hereby and thereby does not violate, conflict with or result in a breach or default under (i) its organizational documents, (ii) any material federal, state or local law, rule or regulation applicable to it or (iii) any other material agreement or other document to which it is a party or by which it or any of its property is bound.

(e) No Proceeding. There is no litigation or administrative proceeding before any court, tribunal or governmental body presently pending or threatened against it which (i) if adversely determined, could reasonably be expected to result, either individually or in the aggregate, in a Material Adverse Effect or (ii) questions the validity of this Agreement or any of the other Transaction Documents or any of the transactions contemplated hereby or thereby or any action taken or to be taken pursuant hereto or thereto.

(f) No Consents. Except as obtained prior to the date hereof, it is not required to obtain any consent, authorization, approval, order, license, franchise, permit, certificate or accreditation of, or make any filing or registration with, any court, governmental agency or any regulatory or self-regulatory agency or authority or any other Person in order for it to execute, deliver or perform any of its obligations under or contemplated by this Agreement or any of the other Transaction Documents to which it is a party.

6.Term. This Agreement shall commence on the date hereof and shall terminate upon the earliest of: (i) the final payment or other liquidation of the last outstanding Participation Interest and the remittance of all funds due hereunder; or (ii) by mutual consent of EFF and EFSPV in writing. All Reserve Deposits, if any, remaining on deposit in the Operating Account upon termination of this Agreement shall be distributed to EFF or its designee.

7.Limitation on Duties. Each Party undertakes to perform only such duties as are expressly set forth herein with respect to such Party, and no additional duties or obligations shall be implied hereunder. In performing its duties under this Agreement, or upon the claimed failure to perform any of its duties hereunder, no Party shall be liable to any other Person for any damages, losses or expenses which may be incurred as a result of such Party so acting or failing to so act; provided, however, that no Party shall be relieved from liability for damages arising out of its gross negligence or willful misconduct under this Agreement. In no event shall a Party incur any liability with respect to (i) any action taken or omitted to be taken by it in good faith or (ii) any action taken or omitted to be taken by it in reliance upon the advice of its counsel.

8.Taxes.

(a) All payments by or on behalf of EFF hereunder shall be made free and clear of and without deduction or withholding for all current or future Taxes, levies, imposts, deductions or charges unless required by law. If any Taxes are required by law to be deducted or withheld from or in respect of any payment or sum payable hereunder by EFF, (i) the applicable withholding agent shall make such deductions and withholdings within the time allowed and in the minimum amount required by law, (ii) the sum payable by EFF shall be increased by the amount (an "Additional Amount") necessary so that, after making all required deductions and withholdings (including deductions and withholdings applicable to additional sums payable under this Section 8(a)) EFSPV shall receive an amount equal to the sum it would have received had no such deductions or withholdings been made and (iii) the withholding agent shall pay the full amount deducted or withheld to the relevant Governmental Authority in accordance with applicable

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law and shall promptly provide to EFSPV an evidence of such payment to the relevant Governmental Authority (in a form reasonably satisfactory to EFSPV).

(b) EFF will pay to the relevant Governmental Authority in accordance with applicable law any current or future stamp, stamp duty, registration, court, documentary, intangible, recording, filing or similar Taxes or any other excise or property taxes, charges or similar levies that arise from any payment made hereunder, or from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, this Agreement that are or would be applicable to EFF or to EFSPV, as applicable ("Other Taxes").

(c) EFF shall indemnify EFSPV and its respective Affiliates for the full amount of Taxes and Other Taxes paid by EFSPV or such Affiliates and any liability (including penalties, interest and expenses (including reasonable attorney's and other advisors' fees and expenses)) arising therefrom or with respect thereto, whether or not such Taxes or Other Taxes were correctly or legally asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability prepared by EFSPV or such Affiliate, absent manifest error, shall be final conclusive and binding for all purposes. Such indemnification shall be made within thirty (30) days after the date EFSPV or such Affiliate makes written demand therefor.

(d) On the date hereof, and subsequently upon reasonable request by the other Party, each Party shall deliver to the other Party a completed and signed IRS Form W-8 or IRS Form W-9 (or any successor form) as applicable.

(e) Notwithstanding anything to the contrary herein, each Party's obligations under this Section 8 shall survive any assignment of rights hereunder and the termination of this Agreement.

9.Notices. Except as otherwise expressly provided herein, all notices required or agreed to be given pursuant hereto shall be in writing and shall be deemed to have been properly given, served and received (a) if delivered by messenger, when delivered, (b) if mailed, on the third (3rd) Business Day after deposit in the United States of America mail certified, postage prepaid, return receipt requested or (c) if delivered by reputable overnight express courier, freight prepaid, the next Business Day after delivery to such courier. Notices shall be addressed to the Parties as set forth below:

If to EFF:

EF Financial, LLC

4150 International Plaza, Suite 300

Fort Worth, Texas 76109

Attention: Chief Executive Officer

E-Mail: krees@elevate.com

with a copy (for informational purposes only) to:

Coblentz Patch Duffy & Bass LLP

One Montgomery Street, Suite 3000

San Francisco, California 94104

Attention: Paul J. Tauber, Esq.

E-Mail: pjt@cpdb.com

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If to EFSPV:

EF SPV, Ltd.

c/o Maples and Calder

P.O. Box 1093

Boundary Hall, Cricket Square

Grand Cayman, KY1-1102 Cayman Islands

Telephone: (345) 814-5710

Attention: Andrew Dean, Senior Vice President

E-Mail: Andrew.Dean@maplesfs.com

with copies (for informational purposes only) to:

Victory Park Capital Advisors, LLC

150 N. Riverside Plaza, Suite 5200

Chicago, Illinois 60606

Telephone: (312) 705-2786

Facsimile: (312) 701-0794

Attention: Scott R. Zemnick, General Counsel

E-Mail: szemnick@victoryparkcapital.com

and

Katten Muchin Rosenman LLP

525 West Monroe Street

Chicago, Illinois 60661

Telephone: (312) 902-5297 and (312) 902-5495

Facsimile: (312) 902-1061

Attention: Mark R. Grossmann, Esq. and Scott E. Lyons, Esq.

E-Mail: mark.grossman@kattenlaw.com

scott.lyons@kattenlaw.com

The Parties may change their addresses for notice by serving written notice upon all other Parties.

10.Governing Law. This Agreement shall be a contract made under, and governed and enforced in every respect by, the internal laws of the State of New York, without giving effect to its conflicts of law principles other than §5-1401 and 5-1402 of the New York General Obligations Law. Any dispute, controversy, or claim, whether contractual or non-contractual, between the Parties arising directly or indirectly out of or connected with this Agreement, including claims for declaratory relief, or relating to the breach or alleged breach of any representation, warranty, agreement, or covenant under this Agreement, unless mutually settled by the Parties, shall be determined by arbitration in the Borough of Manhattan, New York.

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11.Complete Agreement. This Agreement, together with the agreements referenced herein, constitutes the complete agreement between the Parties with respect to the specific subject matter hereof and supersede all existing agreements and all oral, written, or other communications between the Parties concerning its subject matter. The Parties make no representations or warranties to each other, except as specifically set forth in or specified by this Agreement and the other Transaction Documents. All prior representations and statements made by either Party or its representatives, whether verbally or in writing, are deemed to have been merged into this Agreement.

12.Assignment. This Agreement is for the sole and exclusive benefit of the Parties and shall not be deemed to be for the benefit of any third-party. Neither Party shall assign or encumber any of its rights or delegate any of its obligations hereunder without prior written consent of the other Party. Any assignment or encumbrance in violation of the foregoing shall be void.

13.Waivers and Amendments. No delay on the part of a Party in the exercise of any right, power or remedy shall operate as a waiver thereof, nor shall any single or partial exercise by such Party of any right, power or remedy preclude other or further exercise thereof, or the exercise of any other right, power or remedy. No amendment, modification or waiver of any provision of this Agreement shall be effective unless in writing and signed by the Parties.

14.References to Sections and Agreement; Captions. Unless otherwise indicated either expressly or by context, any reference in this Agreement to a "Section" shall be deemed to refer to a Section of this Agreement. All references herein to this Agreement shall, as of any time after the date hereof, be deemed to include all amendments hereto which have been made prior to such time in accordance with Section 13. Section captions, headings and titles used in this Agreement are for convenience only, and shall not affect the construction of this Agreement.

15.Jurisdiction, Venue and Service of Process. Subject to the provisions of Section 10, the Parties hereby consent to the exercise of jurisdiction over its person and its property by any court of competent jurisdiction situated in the City of Wilmington, Delaware (whether it be a court of the State of Delaware or a court of the United States of America situated in Wilmington, Delaware) for the enforcement of this Agreement or in any other controversy, dispute or question arising hereunder, and each Party hereby waives all personal or other rights to object to such jurisdiction for such purposes. Each Party, for itself and its successors and assigns, hereby waives any objection which it may have to the laying of venue of any such action or suit at any time, each Party agrees that service of process may be made, and personal jurisdiction over such Party obtained, by service of a copy of the summons, complaint and other pleadings required to commence such litigation by personal delivery or by United States certified or registered mail, return receipt requested, addressed to such Party at its address for notices as provided in this Agreement. Each Party waives all claims of lack of effectiveness or error by reasons of any such service.

16.Confidentiality. All oral and written information about each Party, their respective businesses and customers, and this Agreement (collectively, "Records"), are valuable and proprietary assets. Each Party (and each of their respective employees and agents) shall treat the Records as strictly confidential and, except as expressly authorized hereunder, will not disclose such Records to any Person (other than its Affiliates and, in the case of EFSPV, to proposed transferees of the Participation Interests and in connection with the exercise of any right or remedy under this Agreement) or use such Records other than in accordance therewith. Each Party will use its best efforts to ensure that its employees and agents maintain such confidentiality. Each Party will notify the other Parties immediately upon receiving a subpoena or

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other legal process about any other Party's Records and will cooperate with the other Party to comply with or oppose the subpoena or legal process. This Section 16 will not apply to information, documents, and material that are in or enter the public domain other than through a wrongful act or omission of a Party.

17.Jury Waiver. EACH PARTY HEREBY WAIVES ITS RESPECTIVE RIGHTS TO A JURY TRIAL OF ANY CLAIM OR CAUSE OF ACTION BASED UPON OR ARISING OUT OF THIS AGREEMENT OR THE OTHER TRANSACTION DOCUMENTS INCLUDING CONTRACT CLAIMS, TORT CLAIMS, BREACH OF DUTY CLAIMS, AND ALL OTHER COMMON LAW OR STATUTORY CLAIMS. EACH PARTY REPRESENTS TO THE OTHER THAT IT HAS REVIEWED THIS WAIVER AND EACH KNOWINGLY AND VOLUNTARILY WAIVES ITS JURY TRIAL RIGHTS FOLLOWING CONSULTATION WITH LEGAL COUNSEL. IN THE EVENT OF LITIGATION, A COPY OF THIS AGREEMENT MAY BE FILED AS A WRITTEN CONSENT TO A TRIAL WITHOUT A JURY.

18.Compliance with Law and Regulations. The performance of each of the Parties under this Agreement is subject to all applicable Requirements and any Governmental Authority and each Party hereby covenants to comply with all applicable Requirements and the lawful and reasonable actions or requests of duly authorized Regulatory Authorities in connection with the matters contemplated by this Agreement. If either Party becomes aware of any change in any Requirement affecting the performance of obligations by the other Party under this Agreement, then it shall promptly thereafter provide written notice of the same to such Party, provided that the failure to provide such notice shall not relieve either Party of its obligation to comply with all applicable Requirements as may change from time to time. Nothing in this Agreement shall be construed as compelling either Party to act in violation of any applicable Requirements.

19.Survival. Except as otherwise expressly provided herein, all the representations, warranties, terms and covenants of the Parties shall survive the termination of this Agreement.

20.No Third Party Beneficiaries. This Agreement is intended for the benefit of the Parties and their respective permitted successors and assigns, and is not for the benefit of, nor may any provision hereof be enforced by, any other Person; provided that, notwithstanding the foregoing, each of Lender and Victory Park shall be entitled to enforce the provisions of this Agreement as if it were a party hereto.

21.Severability. Any provision of this Agreement which is prohibited or unenforceable in any jurisdiction shall, as to such jurisdiction, be ineffective to the extent of such prohibition or unenforceability without invalidating the remaining provisions hereof or affecting the validity or enforceability of such provision in any other jurisdiction.

22.Execution in Counterparts. This Agreement may be executed in any number of counterparts and by the Parties on separate counterparts, each of which counterparts, when so executed and delivered, shall be deemed an original and all of which counterparts, taken together, shall constitute but one and the same agreement. A copy of an executed signature page to this Agreement delivered by either Party via facsimile, PDF file or by other electronic means shall be deemed effective on the date of such delivery.

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23.Limited Recourse and Non-Petition. EFF shall have recourse only to the net assets of EFSPV (other than any Collateral excluded pursuant to Section 2.1 of the Security Agreement) (the "EFSPV Assets") following the realization of Collateral in accordance with the terms of the Security Agreement. If the proceeds following the realization of such EFSPV Assets and application thereof in accordance with the Security Agreement and Financing Agreement (the "Net Proceeds") are insufficient to discharge all payments which, but for the effect of this clause, would then be due and payable to EFF hereunder (the "Amounts Due"), then the obligations of EFSPV to EFF hereunder shall be limited to the amounts available from the Net Proceeds and no debt shall be owed to EFF by EFSPV for any further sum. EFF shall not take any action or commence any proceedings against EFSPV to recover any Amounts Due except as expressly permitted by the provisions of this Agreement. EFF shall not take any action or commence any proceedings or petition a court for the liquidation of EFSPV, nor enter into any arrangement, reorganization or insolvency proceedings in relation to EFSPV whether under the laws of the Cayman Islands or other applicable bankruptcy laws until after the later to occur of the payment of all of the Amounts Due or the application of all of the Net Proceeds. EFF hereby acknowledges and agrees that the EFSPV's obligations under this Agreement are solely the corporate obligations of EFSPV, and that EFF shall not have any recourse against any of the directors, officers or employees of EFSPV for any claims, losses, damages, liabilities, indemnities or other obligations whatsoever in connection with any transactions contemplated by this Agreement.

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IN WITNESS WHEREOF, the Parties have executed this Agreement on the day and year first above written.



EFF:
EF FINANCIAL, LLC
By:	/s/ Kenneth E. Rees
Name:	Kenneth E. Rees
Title:	President and CEO

EFSPV:
EF SPV, LTD.
By:	/s/ Andrew Dean
Name:	Andrew Dean
Title:	Director

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