AMENDED AND RESTATED SERVICE AGREEMENTService Agreement • February 9th, 2016 • Celadon Group Inc • Trucking (no local) • Pennsylvania
This Amended and Restated Service Agreement (the “Amended Agreement”) is dated as of November 14, 2014 and amends and restates the Service Agreement dated as of March 31, 2014, by and among Celadon Group, Inc., a Delaware corporation and Quality Equipment Leasing, LLC., a Delaware limited liability company (hereinafter collectively “Servicer”), and Element Financial Corp., a Delaware corporation (“Purchaser”). The Effective Date of this Amended Agreement and the terms and conditions herein shall be March 31, 2014.
December 29, 2015Letter Agreement • February 9th, 2016 • Celadon Group Inc • Trucking (no local)
Element Financial Corp., Delaware corporation (“Element”) and Celadon Group, Inc., a Delaware corporation and Quality Equipment Leasing, LLC, a Delaware limited liability company (together, “Celadon/Quality,” or “Servicer”) are parties to an Amended and Restated Reserve Account Agreement dated as of September 28, 2015 (the “Reserve Account Agreement”), pursuant to which a “Reserve Account” for Element’s benefit has been established. The Reserve Account is being held to collateralize and provide recourse for credit and asset losses experienced under certain transactions originated by Servicer and transferred to Element or transactions originated by Servicer on behalf of Element (the “Transactions”). Servicer also serves as billing and collecting agent with respect to the Transactions for the benefit of Purchaser an pursuant to the Amended and Restated Service Account Agreement dated as of September 28, 2015, to which Servicer and Element are parties (the “Service Agreement”). Element an
AMENDED AND RESTATED PROGRAM AGREEMENTProgram Agreement • February 9th, 2016 • Celadon Group Inc • Trucking (no local) • Pennsylvania
This Amended and Restated Program Agreement (this “Amended Agreement”) is dated as of November 14, 2014 and amends and restates the Program Agreement dated as of March 31, 2014 by and among Element Financial Corp., a Delaware corporation with a principal place of business at 655 Business Center Drive, Horsham, PA 19044 (“Financing Party”), and Celadon Group, Inc., a Delaware Corporation and Quality Equipment Leasing, LLC., a Delaware limited liability company, with a principal place of business at 9503 E. 33rd Street, Indianapolis, IN 46235 (hereinafter collectively, “Company”) . The Effective Date of this Amended Agreement and the terms and conditions herein shall be March 31, 2014.
SECOND AMENDED AND RESTATED SERVICE AGREEMENTService Agreement • February 9th, 2016 • Celadon Group Inc • Trucking (no local) • Pennsylvania
This Second Amended and Restated Service Agreement (the “Second Amended Agreement”) is dated as of September 28, 2015, and amends and restates the Amended and Restated Service Agreement dated as of November 14, 2014, which amended and restated the Service Agreement dated March 31, 2014, each by and among Celadon Group, Inc., a Delaware corporation and Quality Equipment Leasing, LLC., a Delaware limited liability company (collectively, “Servicer”), and Element Financial Corp., a Delaware corporation (“Purchaser”). The effective date of this Second Amended Agreement is as of March 31, 2014.
