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Indiana
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001-06155
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35-0416090
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(State or other jurisdiction of incorporation)
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(Commission File Number)
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(I.R.S. Employer Identification No.)
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601 N.W. Second Street,
Evansville, Indiana 47708
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(Address of principal executive offices)(Zip Code)
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(812) 424-8031
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(Registrant’s telephone number, including area code)
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Not Applicable
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(Former name or former address, if changed since last report)
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o
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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o
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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o
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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o
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 1.01
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Entry into a Material Definitive Agreement.
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Item 2.01
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Completion of Acquisition or Disposition of Assets.
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Item 2.03
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Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.
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(dollars in millions)
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Issue Amount (a)
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Current
Note Amounts Outstanding |
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Current
Weighted Average
Interest Rate
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Original
Revolving
Period
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Issue Date
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Maturity Date
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Consumer Securitizations:
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OMFIT 2014-2
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$
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1,185
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$
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235
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4.59
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%
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2 years
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07/30/14
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09/2024
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OMFIT 2015-1
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1,229
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1,052
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3.83
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%
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3 years
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02/05/15
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03/2026
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OMFIT 2015-2
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1,250
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593
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3.62
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%
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2 years
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05/21/15
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07/2025
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OMFIT 2015-3
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293
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293
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4.21
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%
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5 years
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09/29/15
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11/2028
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OMFIT 2016-1 (b)
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500
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459
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4.01
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%
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3 years
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02/10/16
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02/2029
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OMFIT 2016-2 (c)
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890
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786
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4.52
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%
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2 years
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03/23/16
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03/2028
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OMFIT 2016-3 (d)
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350
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317
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4.33
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%
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5 years
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06/07/16
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06/2031
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OMFIT 2017-1 (e)
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947
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900
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2.70
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%
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2 years
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09/06/17
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09/2032
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OMFIT 2018-1 (f)
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632
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600
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3.60
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%
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3 years
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02/28/18
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03/2029
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Total consumer securitizations
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5,235
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Auto Securitizations:
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ODART 2017-2 (g)
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605
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575
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2.63
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%
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1 year
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12/11/17
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Various
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Total auto securitizations
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575
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Total secured structured financings
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$
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5,810
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(a)
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Issue Amount includes the retained interest amounts as applicable and as noted below while the Current Note Amounts Outstanding balances reflect pay-downs subsequent to note issuance and exclude retained interest amounts.
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(b)
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OMFIT 2016-1 Securitization
. OneMain initially retained $86 million of the Class C and Class D notes. On May 17, 2016, $45 million of the notes represented by Class C were sold.
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(c)
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OMFIT 2016-2 Securitization
. OneMain initially retained $157 million of the Class C and Class D notes. On July 25, 2016, $83 million of the notes represented by Class C were sold.
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(d)
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OMFIT 2016-3 Securitization
. OneMain initially retained $33 million of the Class D notes.
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(e)
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OMFIT 2017-1 Securitization
. OneMain initially retained $30 million of the Class A-1 notes, $6 million of the Class A-2 notes, $3 million of the Class B notes, $3 million of the Class C notes and $5 million of the Class D notes.
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(f)
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OMFIT 2018-1 Securitization
. OneMain initially retained approximately $32 million of the asset-backed notes.
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(g)
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ODART 2017-2 Securitization
. The maturity dates of the notes occur in December 2021 for the Class A notes, November 2023 for the Class B notes, July 2024 for the Class C notes, October 2024 for the Class D notes, and November 2025 for the Class E notes. OneMain initially retained $19 million of the Class A notes, $4 million of the Class B notes, $3 million of the Class C notes, $2 million of the Class D notes and $2 million of the Class E notes.
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(dollar in millions)
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Note Maximum
Balance |
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Amount
Drawn |
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Revolving
Period End
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Backed by Loans Acquired from Subsidiaries of
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Due and Payable (a)
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Rocky River Funding, LLC
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$
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250
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$
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—
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September 2019
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OMFH - personal loans
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October 2020
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OneMain Financial Funding VII, LLC (b)
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650
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—
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October 2019
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OMFH - personal loans
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November 2021
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OneMain Financial Funding IX, LLC
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600
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—
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June 2020
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OMFH - personal loans
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July 2021
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OneMain Financial Auto Funding I, LLC
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750
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—
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October 2020
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OMFH - auto loans
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November 2027
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OneMain Financial Funding VIII, LLC (c)
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450
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—
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January 2021
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OMFH - personal loans
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February 2023
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Total
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$
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2,700
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$
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—
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(a)
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The date following the revolving period that the principal balance of the outstanding loans, if any, will be reduced as cash payments are received on the underlying loans and will be due and payable in full.
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(b)
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On May 31, 2018 the note maximum balance in the OneMain Financial Funding VII, LLC loan and security agreement was increased to $850 million and the Revolving Period End was extended to June 2021, thereby extending the Due and Payable date to July 2024.
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(c)
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On February 2, 2018, we entered in to the OneMain Financial Funding VIII Loan and Security Agreement concurrently with the voluntary termination of the note purchase agreement with the OneMain Financial B6 Warehouse Trust.
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Item 9.01
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Financial Statements and Exhibits.
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*
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Filed herewith.
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Springleaf Finance Corporation
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(Registrant)
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Date:
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June 22, 2018
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By:
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/s/ Micah Conrad
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Micah Conrad
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Executive Vice President and Chief Financial Officer
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SPRINGLEAF FINANCE, INC.
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By:
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/s/ Jack R. Erkilla
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Name:
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Jack R. Erkilla
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Title:
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Senior Vice President and Secretary
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SPRINGLEAF FINANCE CORPORATION
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By:
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/s/ Jack R. Erkilla
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Name:
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Jack R. Erkilla
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Title:
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Senior Vice President and Secretary
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