Notwithstanding the provisions of [Section 2.7], the requirements of [Section 2.7] will not apply from July 31, 2015 through July 31, 2016 (the “Waiver Period”) for any Borrower that Buyer has not previously purchased a Senior Loan from Seller (“New Borrower”). Buyer agrees that for each and every New Borrower that Buyer purchases a Senior Loan during the Waiver Period, the Exclusivity requirements of [Section 2.7] will never apply, unless, after the Waiver Period, Seller offers Buyer a Senior Loan for a Borrower who became a New Borrower during the Waiver Period.

Notwithstanding anything to the contrary in this Amendment or in the Agreement, if Buyer purchases at least $3,500,000 in Senior Loans during the Waiver Period, then the requirements of [Section 2.7] shall no longer apply as if [Section 2.7] were deleted in its entirety. For the avoidance of doubt, existing Borrowers to whom [Section 2.7] applied prior to July 31, 2015 will remain so affected unless Buyer purchases $3,500,000 in Senior Loans during the Waiver Period.