EX-10.1 2 d516876dex101.htm EX-10.1 EX-10.1

EXHIBIT 10.1

JOINDER AND SECOND AMENDMENT

TO

FOURTH AMENDED AND RESTATED LOAN AND SECURITY AGREEMENT

This Joinder and Second Amendment to the Fourth Amended and Restated Loan and Security Agreement (this “Amendment”) is made as of March 29, 2013, among Regional Management Corp., Regional Finance Corporation of South Carolina, Regional Finance Corporation of Georgia, Regional Finance Corporation of Texas, Regional Finance Corporation of North Carolina, Regional Finance Corporation of Alabama, Regional Finance Corporation of Tennessee, Regional Finance Company of New Mexico, LLC, Regional Finance Company of Oklahoma, LLC, Regional Finance Company of Missouri, LLC, Regional Finance Company of Georgia, LLC, RMC Financial Services of Florida, LLC, Regional Finance Company of Louisiana, LLC and Regional Finance Company of Mississippi, LLC (each individually a “Borrower” and collectively the “Borrowers”), the financial institutions listed therein (such financial institutions, together with their respective successors and assigns, are referred to hereinafter each individually as a “Lender” and collectively as the “Lenders”) and Bank of America, N.A. as agent for the Lenders (in its capacity as agent, the “Agent”).

RECITALS

WHEREAS, the Borrowers (other than Regional Finance Company of Georgia, LLC, RMC Financial Services of Florida, LLC, Regional Finance Company of Louisiana, LLC and Regional Finance Company of Mississippi, LLC), Lenders and Agent are parties to that certain Fourth Amended and Restated Loan and Security Agreement dated as of January 18, 2012 and amended on July 31, 2012 (as may be further amended, restated, modified, substituted, extended, or renewed from time to time, and together with all of its exhibits, schedules and attachments thereto, collectively the “Agreement” or the “Loan Agreement”);

WHEREAS, the Borrowers acknowledge that as of the close of business on March 21, 2013, there is currently outstanding the aggregate principal amount of $274,349,053.38 under the revolving credit facility.

WHEREAS, the Borrowers have requested that the Lenders modify certain provisions of the Agreement and the Lenders are willing to do so on the terms and conditions as hereinafter set forth, including but not limited to the conditions that Regional Finance Company of Georgia, LLC, RMC Financial Services of Florida, LLC, Regional Finance Company of Louisiana, LLC and Regional Finance Company of Mississippi, LLC (collectively, the “Additional Borrowers”) become a party to the Loan Agreement, each as a Borrower.

AGREEMENT

NOW, THEREFORE, in consideration of the mutual covenants contained herein and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto hereby agree as follows:

  1. The Borrowers, Lenders and Agent agree that the Recitals above are a part of this Amendment. Unless otherwise expressly defined in this Amendment, terms defined in the Loan Agreement shall have the same meaning under this Amendment.

 

  2. The Borrowers represent and warrant to the Lenders as follows:

(a) Each Borrower is a corporation or limited liability company, as applicable, and is duly organized and validly existing in good standing under the laws of the state in which it is incorporated or organized, as applicable.

(b) Each Borrower has the power and authority to execute and deliver this Amendment and perform its obligations hereunder and has taken all necessary and appropriate corporate or limited liability company, as applicable, action to authorize the execution, delivery and performance of this Amendment.

(c) The Loan Agreement, as amended by this Amendment, the Fourth Amended and Restated Pledge Agreement (as previously amended by that certain First Amendment to Fourth Amended and Restated Pledge Agreement dated October 29, 2012 and that certain Second Amendment to Fourth Amended and Restated Pledge Agreement dated of even date herewith) and each of the other Loan Documents are each hereby ratified, remain in full force and effect, and each constitutes the valid and legally binding obligation of each Borrower, enforceable in accordance with its terms.

(d) All of the Borrowers’ representations and warranties contained in the Loan Agreement and the other Loan Documents are true and correct on and as of the date of the Borrowers’ execution of this Amendment.

(e) No Event of Default and no event which, with notice, lapse of time or both would constitute an Event of Default have occurred and are continuing under the Loan Agreement or the other Loan Documents.

 

  3. The Loan Agreement is hereby amended as follows:

 

  (a) Section 1.1 of the Agreement is hereby amended by deleting the definition of “Borrower” and “Borrowers” and replacing it with the following:

“Borrower” and “Borrowers” shall mean Regional Management Corp., Regional Finance Corporation of South Carolina, Regional Finance Corporation of Georgia, Regional Finance Corporation of Texas, Regional Finance Corporation of North Carolina, Regional Finance Corporation of Alabama, Regional Finance Corporation of Tennessee, Regional Finance Company of New Mexico, LLC, Regional Finance Company of Missouri, LLC, Regional Finance Company of Oklahoma, LLC, Regional Finance Company of Georgia, LLC, RMC Financial Services of Florida, LLC, Regional Finance Company of Louisiana, LLC and Regional Finance Company of Mississippi, LLC (each individually a “Borrower” and collectively the “Borrowers”)

 

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  (b) Section 1.1 of the Agreement is hereby amended by deleting subsection (c) of the definition of “Collateral” and replacing it with the following:

“(c) all Goods, Accounts, Chattel Paper, Commercial Tort Claims, Deposit Accounts, Documents, General Intangibles, Instruments, Investment Property, Letter of Credit Rights, Letters of Credit and money, and all oil and gas and other minerals before extraction, of any Borrower in which any Lender receives a security interest or which thereafter come into any Lender’s possession, custody, or control (each defined term listed above and not otherwise defined herein shall have the meaning ascribed to such term in the Uniform Commercial Code in any such relevant jurisdiction);”

 

  (c) The Schedules of the Agreement are hereby deleted in their entirety and replaced with the Schedules attached hereto.

 

  4. This Amendment shall become effective when and only when (a) this Amendment shall be executed and delivered by each Borrower, the Agent and the Required Lenders, (b) the Agent shall have received a certificate of the Secretary of each Borrower as to (x) resolutions of its board of directors, or applicable governing body, then in full force and effect authorizing the execution, delivery and performance of this Amendment and (y) the incumbency signatures of those of its officers authorized to act with respect to this Amendment, (c) the Agent shall have received an executed Reaffirmation from the Guarantors, (d) the Agent shall have received executed each of the Notes and the Pledge, as amended and restated and (e) the Agent shall have received such additional closing documents as it shall reasonably specify in connection with the transactions contemplated hereby.

 

  5. The Borrowers hereby issue, ratify and confirm the representations, warranties and covenants contained in the Loan Agreement, as amended hereby and each of the other Loan Documents given by the Borrowers in favor of the Lenders. The Borrowers agree that this Amendment is not intended to and shall not cause a novation with respect to any or all of the Obligations. Without limiting the generality of the foregoing, the Additional Borrowers hereby grants to the Agent, for the benefit of the Agent and the Lenders, a continuing security interest, lien on, assignment of and right of setoff against, all Collateral of the Additional Borrowers, whether now owned or hereafter acquired or arising, regardless of where located to secure the Obligations (as defined in the Loan Agreement).

 

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  6. In consideration of Regional Finance Company of Georgia, LLC, RMC Financial Services of Florida, LLC, Regional Finance Company of Louisiana, LLC and Regional Finance Company of Mississippi, LLC becoming Borrowers under the Loan Agreement, the Borrowers and the Lenders hereby consent to and the Agent hereby acknowledges pursuant to Section 11.1(i) of the Loan Agreement the termination of (i) that certain Security Agreement dated on or about October 29, 2012 between Regional Finance Company of Louisiana, LLC and the Agent, (ii) that certain Security Agreement dated as of October 29, 2012 between Regional Finance Company of Mississippi, LLC and the Agent, (iii) that certain Guaranty dated on or about October 29, 2012 between Regional Finance Company of Louisiana, LLC and the Agent and (iv) that certain Guaranty dated as of October 29, 2012 between Regional Finance Company of Mississippi, LLC and the Agent. Notwithstanding the foregoing by signing this Amendment Regional Finance Company of Mississippi, LLC and Regional Finance Company of Louisiana, LLC shall become Borrowers under the Loan Agreement and their obligations with respect to Section 4 of the Loan Agreement shall be in full force and effect.

 

  7. The Borrowers acknowledge and warrant that the Lenders have acted in good faith and have conducted itself in a commercially reasonable manner in its relationships with the Borrowers in connection with this Amendment and generally in connection with the Loan Agreement and the Obligations, the Borrowers hereby waiving and releasing any claims to the contrary.

 

  8. The Borrowers shall pay at the time this Amendment is executed (or as otherwise provided for in this Agreement) and delivered all fees, commissions, costs, charges, taxes and other expenses incurred by the Lenders and their counsel in connection with this Amendment, including, but not limited to, reasonable fees and expenses of the Lenders’ counsel and all recording fees, taxes and charges.

 

  9. This Amendment is one of the Loan Documents. This Amendment may be executed in any number of duplicate originals or counterparts, each of such duplicate originals or counterparts shall be deemed to be an original and taken together shall constitute but one and the same instrument. The parties agree that their respective signatures may be delivered by fax or PDF (via email). Any party who chooses to deliver its signature by fax or PDF (via email) agrees to provide a counterpart of this Amendment with its inked signature promptly to each other party.

 

  10. PURSUANT TO SECTION 5-1401 OF THE NEW YORK GENERAL OBLIGATIONS LAW, THIS AMENDMENT, UNLESS OTHERWISE SPECIFIED, SHALL BE GOVERNED BY THE LAWS OF THE STATE OF NEW YORK, WITHOUT GIVING EFFECT TO ANY CONFLICT OF LAW PRINCIPLES (BUT GIVING EFFECT TO FEDERAL LAWS RELATING TO NATIONAL BANKS).

 

  11. EACH PARTY HERETO WAIVES, TO THE FULLEST EXTENT PERMITTED BY LAW, ANY RIGHT IT MAY HAVE TO A TRIAL BY JURY OF ANY CLAIM, COUNTERCLAIM, ACTION OR OTHER PROCEEDING ARISING UNDER OR RELATING TO THIS AMENDMENT OR THE TRANSACTIONS CONTEMPLATED HEREBY.

 

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IN WITNESS WHEREOF, the parties have entered into this Amendment as of the date first above written.

BORROWERS

REGIONAL MANAGEMENT CORP.

REGIONAL FINANCE CORPORATION OF SOUTH CAROLINA

REGIONAL FINANCE CORPORATION OF GEORGIA

REGIONAL FINANCE CORPORATION OF TEXAS

REGIONAL FINANCE CORPORATION OF NORTH CAROLINA

REGIONAL FINANCE CORPORATION OF ALABAMA

REGIONAL FINANCE CORPORATION OF TENNESSEE

REGIONAL FINANCE COMPANY OF OKLAHOMA, LLC

REGIONAL FINANCE COMPANY OF NEW MEXICO, LLC

REGIONAL FINANCE COMPANY OF MISSOURI, LLC

REGIONAL FINANCE COMPANY OF GEORGIA, LLC

REGIONAL FINANCE COMPANY OF MISSISSIPPI, LLC

REGIONAL FINANCE COMPANY OF LOUISIANA, LLC

RMC FINANCIAL SERVICES OF FLORIDA, LLC

 

By:   /s/ Donald E. Thomas
Name: Donald E. Thomas

Title: Executive Vice President and Chief Financial Officer of each of the above-listed corporations and Executive Vice President and Chief Financial Officer of each of the above-listed limited liability companies

AGENT

BANK OF AMERICA, N.A.,

as Agent

 

By:   /s/ Bruce Jenks

Name: Bruce Jenks

Title: Vice President

 

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LENDERS

BANK OF AMERICA, N.A.,

as a Lender and Letter of Credit Issuer

 

By:   /s/ Bruce Jenks
Name:   Bruce Jenks
Title:   Vice President

Commitment = $100,000,000.00

BMO HARRIS FINANCING, INC.,

as a Lender

 

By:   /s/ Michael S. Cameli
Name:   Michael S. Cameli
Title:   Director

Commitment = $44,000,000.00

FIRST TENNESSEE BANK NATIONAL ASSOCIATION,

as a Lender

 

By:   /s/ Daniel McCarthy
Name:   Daniel McCarthy
Title:   Vice President

Commitment = $35,000,000.00

CAPITAL ONE, N.A.,

as a Lender

 

By:    
Name:  
Title:  

Commitment = $44,000,000.00

TEXAS CAPITAL BANK, N.A.

as a Lender

 

By:   /s/ Stephanie Hopkins
Name:   Stephanie Hopkins
Title:   Senior Vice President

Commitment = $22,000,000.00

WELLS FARGO BANK, NATIONAL ASSOCIATION

as a Lender

 

By:   /s/ Nolan K. Stribe
Name:   Nolan K. Stribe
Title:   Vice President

Commitment = $80,000,000.00

 

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SCHEDULE 4.4

LOCATIONS OF BOOKS AND RECORDS AND COLLATERAL

Location of Records Concerning Collateral

509 West Butler Road, Greenville, South Carolina 29607

Location of Collateral and Places of Business

509 West Butler Road, Greenville, South Carolina 29607, and the following branch locations:

 

815 West Greenwood Street, Suite 3    Abbeville    SC    29620
314 Richland Avenue West    Aiken    SC    29801
458 1st Street SW    Alabaster    AL    35007
8144 U.S. Highway 431    Albertville    AL    35950
792 Commerce Drive, Suite 101    Alexander City    AL    35010
2705 North Main Street, Suite C    Anderson    SC    29621
2705 N. Main Street, Suite G    Anderson    SC    29621
1310 Quintard Avenue    Anniston    AL    36201
1215 Anthony Drive, Suite G; PO Box 3225    Anthony    NM    88021
1321 Bell Road    Antioch    TN    37013
583 Brindlee Mountain Pkwy., PO Box 933    Arab    AL    35016
840 Secretary Drive    Arlington    TX    76015
1337 C East Dixie Drive    Asheboro    NC    27203
473 Hendersonville Road, Suite A    Asheville    NC    28803
920 Highway 72 E, Brookhill Plaza, PO Box 288    Athens    AL    35611
959 Gilbert Ferry Road, SE, Suite M    Attalla    AL    35954
2140 East University Drive, Suite E    Auburn    AL    36830
6615 Airport Blvd.    Austin    TX    78752
719 West William Cannon, Suite 112    Austin    TX    78745
1016 La Posada Drive, Suite 270    Austin    TX    78752
197 Main Street    Barnwell    SC    29812
112D West Church Street    Batesburg    SC    29006
2303 Boundary Street, Suite 3    Beaufort    SC    29902
6240 Phelan Blvd.    Beaumont    TX    77706
218 City Square    Belton    SC    29627
145 Hwy 15 & 401 Bypass, Suite 7    Bennettsville    SC    29512
5031 Ford Parkway, Suite 104    Bessemer    AL    35020
1930 Edwards Lake Road, Suite 120    Birmingham    AL    35235
981 U.S. Highway 431 South    Boaz    AL    35957
3906 Hwy 9, Suite C    Boiling Springs    SC    29316
1135 Volunteer Parkway, Suite 1    Bristol    TN    37620
857 E. Washington Street, Suite D    Brownsville    TX    78520
1710 C, Suite 101 South Texas Avenue    Bryan    TX    77802
2140 S. Church Street    Burlington    NC    27215
1047 Broad Street    Camden    SC    29020
528 Knox Abbott Drive    Cayce    SC    29033
567 King Street    Charleston    SC    29403
1300 Savannah Highway, Suite 12    Charleston    SC    29407

9123 Monroe Road, Suite 100    Charlotte    NC    28270
7309 East Independence Blvd., Suite 24    Charlotte    NC    28227
5210 North Tryon Street, Unit B    Charlotte    NC    28213
6407 South Blvd., Suite J    Charlotte    NC    28217
3250 Wilkinson Blvd., Suite H    Charlotte    NC    28208
5716 Ringgold Road, Unit 106    Chattanooga    TN    37412
233 Second Street    Cheraw    SC    29520
220 Town Mart    Clanton    AL    35045
891 Keith Street, Suite 6    Cleveland    TN    37311
6729 L Two Notch Road    Columbia    SC    29223
810 Dutch Square Blvd., Suite 102    Columbia    SC    29210
7509 Garners Ferry Road, Suite F    Columbia    SC    29209
6729 Two Notch Road, Unit B    Columbia    SC    29223
136 Bear Creek Pike, Suite E    Columbia    TN    38401
3401 W. Davis Street, Suite A1    Conroe    TX    77304
302 Main Street    Conway    SC    29526
516 S. Willow Avenue    Cookeville    TN    38501
4918 Ayers Road, Ayers Plaza, Suite 136    Corpus Christi    TX    78415
126 Crossings Way, Suite 15    Crossville    TN    38555
1710 2nd Avenue SW, Suite 5    Cullman    AL    35055
3186 Alabama Highway 157    Cullman    AL    35058
200 Able Drive, Suite 12    Dayton    TN    37321
2699 Sandlin Rd., Suite B-2    Decatur    AL    35601
2314 6th Avenue SE, Suite B PO Box 298 (35602)    Decatur    AL    35601
2400 Veterans Blvd., Suite 10    Del Rio    TX    78840
121 Henslee Drive, Suite H    Dickson    TN    37055
222 East Main Street    Dillon    SC    29536
3074 Ross Clark Circle, Suite 8    Dothan    AL    36301
5410 NC Highway 55, Suite R    Durham    NC    27713
220 Jefferson Street    Eagle Pass    TX    78852
6932 Calhoun Memorial Hwy., Suite G    Easley    SC    29640
710 South Pendleton Street    Easley    SC    29640
229 Apple Square Plaza    Edgefield    SC    29824
613 East University Drive    Edinburg    TX    78539
500 N. Oregon, Suite E    El Paso    TX    79901
8720 Alameda Avenue, Suite A    El Paso    TX    79907
3333 N. Yarbrough Drive, Suite V    El Paso    TX    79925
9861 Dyer Street, Suite 4    El Paso    TX    79924
6920 Delta Drive, Suite 2    El Paso    TX    79905
1605 George Dieter Drive, Suite 302    El Paso    TX    79936
1111 Ireland Drive, Suite 102    Fayetteville    NC    28304
2801 Mall Road, Suite 9    Florence    AL    35630
163 Cox Creek Parkway    Florence    AL    35630
355 West Evans Street    Florence    SC    29501
1222 West Evans Street    Florence    SC    29501
1123 N. McKenzie Street    Foley    AL    36535
2308 Gault Avenue North    Fort Payne    AL    35967
1518 Pennsylvania Avenue    Fort Worth    TX    76104

2725 NE 28th Street, Suite 130    Fort Worth    TX    76111
449 George Wallace Drive    Gadsden    AL    35903
515 North Limestone Street    Gaffney    SC    29340
841 Odum Road, Suite 105    Gardendale    AL    35071
3115 South 1st Street, Suite 300    Garland    TX    75041
3465 West Walnut Street, Suite 107    Garland    TX    75042
1330 Fifth Avenue, Suite 250    Garner    NC    27529
2568 West Franklin Blvd.    Gastonia    NC    28052
808 East Franklin Blvd.    Gastonia    NC    28054
1113 N. Fraser Street    Georgetown    SC    29440
134 Saint James Avenue, Suite 6    Goose Creek    SC    29445
2080 N. Hwy. 360, Suite 140    Grand Prairie    TX    75050
817 W. Pioneer Parkway, Suite 156    Grand Prairie    TX    75051
2565 East Andrew Johnson Highway    Greeneville    TN    37745
3733 B Farmington Drive    Greensboro    NC    27407
2403 Battleground Avenue, Suite 6    Greensboro    NC    27408
631 Willow Lane, Suite K    Greenville    AL    36037
1414 E. Washington Street, Suite H    Greenville    SC    29607
1414 E. Washington Street, Suite G    Greenville    SC    29607
3405 White Horse Road, Suite C    Greenville    SC    29611
2301 Wade Hampton Blvd., Suite 3    Greenville    SC    29615
718A Montague Avenue    Greenwood    SC    29649
726-A Montague Avenue    Greenwood    SC    29649
1309 B West Poinsett Street    Greer    SC    29650
129 Lee Avenue    Hampton    SC    29924
318 E. Jackson Street    Harlingen    TX    78550
587 Highway 31 NW, Suite A PO Box 788    Hartselle    AL    35640
112 East Carolina Avenue    Hartsville    SC    29550
475 N. Main Street, Suite D    Hemingway    SC    29554
512 South Main Street    Hendersonville    NC    28792
2442-B Hwy. 70 Southeast    Hickory    NC    28602
2108 N. Centennial Street, Suite 114    High Point    NC    27265
3659 Lorna Road, Suite 125    Hoover    AL    35216
7100 Regency Square Blvd., Suite 248    Houston    TX    77036
1804 Wirt Road    Houston    TX    77055
5517 Airline Drive, Suite E    Houston    TX    77076
459 Uvalde Road    Houston    TX    77015
6003 Bellaire Blvd., Suite G    Houston    TX    77081
4925 University Drive, Suite 110    Huntsville    AL    35816
700 Airport Road, Suite E    Huntsville    AL    35802
1918 North Story Road    Irving    TX    75061
4405 N. College Avenue, Suite C    Jackson    AL    36545
319 Vann Drive, Suite B    Jackson    TN    38305
1811 Highway 78 East, Suite 110    Jasper    AL    35501
800 Highway 78 East, Suite 300    Jasper    AL    35501
3014 Bristol Highway, Suite 3    Johnson City    TN    37601
3379 Cloverleaf Parkway    Kannapolis    NC    28083
421 West Stone Drive, Suite 3    Kingsport    TN    37660

200 West Mill Street    Kingstree    SC    29556
218 E. Kleberg Avenue    Kingsville    TX    78363
7118 Maynardville Highway    Knoxville    TN    37918
1645 Downtown West Blvd., Unit 11    Knoxville    TN    37919
109 East Main Street    Lake City    SC    29560
226 S. Main Street    Lancaster    SC    29720
502 W. Calton Road, Suite 109    Laredo    TX    78041
1104-B North Meadow    Laredo    TX    78040
2300 N. Main Street, Suite 205    Las Cruces    NM    88001
507 N. Harper Street, Suite D    Laurens    SC    29360
1915 West Gore Blvd., Suite 3    Lawton    OK    73501
224 West Main Street, Suite D    Lebanon    TN    37087
5175 Sunset Boulevard, Suite 4    Lexington    SC    29072
371 West Church Street    Lexington    TN    38351
110 E. Tyler Street    Longview    TX    75601
348 North Highway 701, Unit 1    Loris    SC    29569
588 Bailey Road, Suite E    Lumberton    NC    28358
2021 Gallatin Pike North, Suite 240    Madison    TN    37115
103 South Brooks Street    Manning    SC    29102
1107 East Godbold Street    Marion    SC    29571
1313 Dallas Street    McAllen    TX    78501
2839 S. Douglas Blvd., Suite 103    Midwest City    OK    73130
2708 H E. Griffin Parkway    Mission    TX    78572
5238 U.S. Highway 90 W, Suite D    Mobile    AL    36619
6345 Airport Boulevard, Suite G    Mobile    AL    36608
104 Bi-Lo Way, Suite A2    Moncks Corner    SC    29461
3306 Highway 74 West, Unit D    Monroe    NC    28110
6144 Atlanta Highway    Montgomery    AL    36117
2206 Village Drive    Moody    Al    35004
1631 E. Andrew Johnson Highway    Morristown    TN    37814
1035 Johnnie Dodds Blvd., Suite C-7    Mt. Pleasant    SC    29464
1636 Memorial Blvd.    Murfreesboro    TN    37129
605 Broadway Street    Myrtle Beach    SC    29577
1377 Wilson Road    Newberry    SC    29108
2108A W. Lindsey Street    Norman    OK    73069
404 E. Martintown Road, Suite 4    North Augusta    SC    29841
1924 Remount Raod    North Charleston    SC    29406
1922 Remount Road    North Charleston    SC    29406
867 U.S. Highway 17 South    North Myrtle Beach    SC    29582
80 McFarland Drive, Suite 2    Northport    AL    35473
7141 S. Western Avenue, Suite C    Oklahoma City    OK    73139
6221 N. Meridian Avenue    Oklahoma City    OK    73112
642 John C. Calhoun Drive    Orangeburg    SC    29115
1291 John C. Calhoun Drive    Orangeburg    SC    29115
1225 Snow Street, Suite 4    Oxford    AL    36203
1986 US Highway 78 East    Oxford    AL    36203
3910 Fairmont Parkway, Suite D    Pasadena    TX    77504
2550 Broadway Street    Pearland    TX    77581

1401 Stemley Bridge Road, Suite 13    Pell City    AL    35125
3304 U.S. Highway 80 West, Suite E    Phenix City    AL    36870
230 West Parker Road, Suite 190    Plano    TX    75075
246 Interstate Commercial Park Loop    Prattville    AL    36066
4011 Capital Blvd., Suite 123    Raleigh    NC    27604
4761 E. Hwy. 83, Suite B, Plaza Del Mar    Rio Grande City    TX    78582
592 N. Anderson Road    Rock Hill    SC    29730
704-C E. Broad Avenue    Rockingham    NC    28379
3806 Avenue I, Suite 22    Rosenberg    TX    77471
1015 S. Mays Street, Suite 101    Round Rock    TX    78664
811 S. Jake Alexander Blvd.    Salisbury    NC    28147
4502 Centerview Drive, Suite 116    San Antonio    TX    78228
1121 SW Military Drive, Suite 101    San Antonio    TX    78221
14145 Nacogdoches Road, Suite 1    San Antonio    TX    78247
3221 Wurzbach Road    San Antonio    TX    78238
3655 Fredricksburg Road, Suite 119    San Antonio    TX    78201
4525 Rigsby Avenue, Suite 106    San Antonio    TX    78222
7500 Eckhert Road, Suite 460    San Antonio    TX    78240
11819 West Avenue, Suite 2    San Antonio    TX    78216
206-B West San Antonio Street    San Marcos    TX    78666
1605 S. Broad Street    Scottsboro    AL    35768
211 Oconee Square Drive    Seneca    SC    29678
1510 N. Kickapoo Avenue, Suite 1    Shawnee    OK    74804
2400 Herodian Way SE, Suite 147N    Smyrna    GA    30080
10755 N. Loop, Suite P    Socorro    TX    79927
195A S. Converse Street    Spartanburg    SC    29306
110 Garner Road, Suite 10, Merchants Plaza    Spartanburg    SC    29303
5015 FM 2920 Road, Suite B    Spring    TX    77388
12220 Murphy Road, Suite H    Stafford    TX    77477
11925 Southwest Freeway, Suite 6    Stafford    TX    77477
230 Signal Hill Drive    Statesville    NC    28625
115 E. Richardson Avenue    Summerville    SC    29483
251 Broad Street    Sumter    SC    29150
708 Bultman Drive    Sumter    SC    29150
1209 N. Main Avenue    Sylacauga    AL    35150
513 East Battle Street    Talladega    AL    35160
2314 W. Adams Avenue, Suite C    Temple    TX    76504
33208 Highway 43, Suite A    Thomasville    AL    36784
1237 Highway 231 South    Troy    AL    36081
2001 Skyland Blvd. East, Suite C-1    Tuscaloosa    AL    35405
2523 East Fifth Street    Tyler    TX    75701
410 N. Duncan Bypass, Suite D    Union    SC    29379
2912 N. Laurent Street    Victoria    TX    77901
1615 N. Valley Mills Drive, Suite 1615    Waco    TX    76710
110A N. Memorial Avenue    Walterboro    SC    29488
1025 North Texas Blvd., Suite 17    Weslaco    TX    78596
622 Twelfth Street    West Columbia    SC    29169
420 Eastwood Road, Suite 101    Wilmington    NC    28403

153 N. Congress Street    Winnsboro    SC    29180
3193-D Peters Creek Parkway    Winston-Salem    NC    27127
4964 Martin View Lane    Winston-Salem    NC    27104
902 N. Main Street    Woodruff    SC    29388
710 E Liberty Street, Suite 102    York    SC    29745
1300 West Vandament Avenue, Suite 2301    Yukon    OK    73099

SCHEDULE 7.6

GAAP EXCEPTIONS

None.

SCHEDULE 7.9

PERMITTED LIENS

Liens created by the following documents and any financing statements now existing or hereafter filed related thereto:

Business Loan Agreement dated on or about January 9, 2012, made by Regional with Wells Fargo Bank, National Association (“Wells Fargo”), allowing Regional to borrow up to $1,500,000 on a revolving basis. As an inducement, Wells Fargo required the execution of a Promissory Note by Regional in favor of Wells Fargo (as identified in Schedule 8.6) related to certain real and personal property (as described therein) located at 507 and 509 W. Butler Road, Mauldin, South Carolina, as the same has been amended, modified or extended.

SCHEDULE 7.10

LICENSES

None.

SCHEDULE 7.13

COMPLIANCE WITH LAWS

None.

SCHEDULE 7.16

SUBSIDIARIES

Each of the entities listed below is a direct or indirect wholly owned subsidiary of Regional Management Corp.

Regional Finance Corporation of Alabama

Regional Finance Corporation of Georgia

Regional Finance Corporation of North Carolina

Regional Finance Corporation of South Carolina

Regional Finance Corporation of Tennessee

Regional Finance Corporation of Texas

Regional Finance Company of Oklahoma, LLC (wholly-owned by Regional Finance Corporation of North Carolina)

Regional Finance Company of New Mexico, LLC (wholly-owned by Regional Finance Corporation of South Carolina)

Regional Finance Company of Missouri, LLC

Regional Finance Company of Louisiana, LLC (wholly-owned by Regional Finance Corporation of North Carolina)

Regional Finance Company of Mississippi, LLC (wholly-owned by Regional Finance Corporation of North Carolina)

RMC Financial Services of Florida, LLC (wholly-owned by Regional Finance Corporation of North Carolina)

Regional Finance Company of Georgia, LLC (wholly-owned by Regional Finance Corporation of North Carolina)

Upstate Motor Company

Credit Recovery Associates, Inc.

RMC Reinsurance, LTD

SCHEDULE 7.19

BANK ACCOUNTS

 

Bank Name

   

Account Number

   

City

   

State

   

Purpose

   

Company Name

    Sweep Account
BB & T    XXXXXXXXXX    Winston Salem    NC    Depository    Regional Management Corp   
BB & T    XXXXXXXXXX    Winston Salem    NC    Depository    Regional Finance Corp of TN   
Compass Bank    XXXXXXXXXX    Birmingham    AL    Depository    Regional Finance Corp of TX   
Compass Bank    XXXXXXXXXX    Birmingham    AL    Depository    Regional Finance Corp of TX   
First Bank    XXXXXXXXXX    Dickson    TN    Depository    Regional Finance Corp of TN   
First Citizens    XXXXXXXXXX    Columbia    SC    Depository    Regional Finance of SC   
First Citizens    XXXXXXXXXX    Columbia    SC    Depository    Regional Finance of SC   
First National    XXXXXXXXXX    Edinburgh    TX    Depository    Regional Finance Corp of TX   
First National Bank    XXXXXXXXXX    Taladega    AL    Depository    Regional Finance Corp of AL   
First National Bank of TN    XXXXXXXXXX    Livingston    TN    Depository    Regional Finance Corp of TN   
First Tennessee Bank    XXXXXXXXXX    Memphis    TN    Depository    Regional Finance Corp of TN   
International Bank and Commerce    XXXXXXXXXX    Laredo    TX    Depository    Regional Finance Corp of TX   
International Bank and Commerce    XXXXXXXXXX    Laredo    TX    Depository    Regional Finance Corp of TX   
International Bank and Commerce    XXXXXXXXXX    Laredo    TX    Depository    Regional Finance Corp of TX   
NBSC    XXXXXXXXXX    Columbus    GA    Depository    Regional Finance Corp of SC   
Southeast Bank    XXXXXXXXXX    Dayton    TN    Depository    Regional Finance Corp of TN   
Southside    XXXXXXXXXX    Tyler    TX    Depository    Regional Finance Corp of TX   
US Bank    XXXXXXXXXX    Columbia    TN    Depository    Regional Finance Corp of TN   
Bank Of America    XXXXXXXXXX    Charlotte    NC    Reinsurance    RMC Reinsurance   
Bank Of America    XXXXXXXXXX    Charlotte    NC    Payroll    Regional Management Corp    Sweep Account
Bank Of America    XXXXXXXXXX    Charlotte    NC    Loan Disbursement    Regional Management Corp    Sweep Account
Bank Of America    XXXXXXXXXX    Charlotte    NC    Master Depository    Regional Management Corp   
Bank Of America    XXXXXXXXXX    Charlotte    NC    Master Funding    Regional Management Corp   
Bank Of America    XXXXXXXXXX    Charlotte    NC    Depository    Regional Finance Corp of SC    Sweep Account
Bank Of America    XXXXXXXXXX    Charlotte    NC    Depository    Regional Finance Corp of TX    Sweep Account
Bank Of America    XXXXXXXXXX    Charlotte    NC    Depository    Regional Finance Corp of TX    Sweep Account
Bank Of America    XXXXXXXXXX    Charlotte    NC    Depository    Regional Finance Corp of TX    Sweep Account
Bank Of America    XXXXXXXXXX    Charlotte    NC    Depository    Regional Finance Corp of OK    Sweep Account

Bank Name

   

Account Number

   

City

   

State

   

Purpose

   

Company Name

    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    Used to transfer all non-Wells Fargo deposits to main SC Checking    Regional Management Corp   
Wells Fargo    XXXXXXXXXX    Greenville    SC    SC Checking / Depository (sweep account)    Regional Finance Corp of SC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    SC Checking / Depository (sweep account)    Regional Finance Corp of SC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    SC Checking / Depository (sweep account)    Regional Finance Corp of SC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    RMC Checking / Depository (sweep account)    RMC Financial Services Corp    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    TX Checking / Depository (sweep account)    Regional Finance Corp of TX    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    NC Checking / Depository (sweep account)    Regional Finance Corp of NC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    TN Checking / Depository (sweep account)    Regional Finance Corp of TN    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    AL Checking / Depository (sweep account)    Regional Finance Corp of AL    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    ACS    AutoCredit Source    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    Corporate AP    Regional Management Corp    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    Corporate Loan Solicitation    Regional Management Corp    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    SC Loan Solicitation    Regional Finance Corp of SC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    TN Loan Solicitation    Regional Finance Corp of TN    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    TX Loan Solicitation    Regional Finance Corp of TX    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    NC Loan Solicitation    Regional Finance Corp of NC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    SC NB Loan Solicitation    Regional Finance Corp of SC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    TN NB Loan Solicitation    Regional Finance Corp of TN    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    TX NB Loan Solicitation    Regional Finance Corp of TX    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    NC NB Loan Solicitation    Regional Finance Corp of NC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    AL NB Loan Solicitation    Regional Finance Corp of AL    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    Closed    Regional Finance Corp of TX   
Wells Fargo    XXXXXXXXXX    Greenville    SC    Closed    Regional Finance Corp of TX   
Wells Fargo    XXXXXXXXXX    Greenville    SC    Closed    Regional Finance Corp of TX   
Wells Fargo    XXXXXXXXXX    Greenville    SC    Closed    Regional Finance Corp of TX   
Wells Fargo    XXXXXXXXXX    Greenville    SC    Closed    Regional Finance Corp of TX   
Wells Fargo    XXXXXXXXXX    Greenville    SC    NM Checking    Regional Finance Corp of NM    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    RMC Central    RMC    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    CRA/Depository (sweep account)    CRA    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    SC Trust CRA    CRA   
Wells Fargo    XXXXXXXXXX    Greenville    SC    NM NB Loan Solicitation Account    Regional Finance Corp of NM    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    NM Loan Solicitation Account    Regional Finance Corp of NM    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    OK NB Loan Solicitation Account    Regional Finance Corp of OK    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    OK Loan Solicitation Account    Regional Finance Corp of OK    Sweep Account
Wells Fargo    XXXXXXXXXX    Greenville    SC    AL Loan Solicitation Account    Regional Finance Corp of AL    Sweep Account

SCHEDULE 8.3

GUARANTIES

None.

SCHEDULE 8.6

DEBT

Promissory Note, dated January 9, 2012, in an aggregate principal amount not to exceed $1,500,000 made by Regional payable to the order of Wells Fargo, National Association (the “Wells Fargo Revolver”), as the same has been amended, modified or supplemented.