Contract analysis

I. Insurance Premium Finance Receivables. All insurance premium finance receivables now existing or hereafter arising, whether now owned or hereafter acquired by Debtor, that have been or will be transferred, conveyed, sold, assigned, set over, or otherwise delivered by Debtor, in its capacity as Transferor, to Secured Party, in its capacity as Transferee, pursuant to the Receivables Transfer Agreement, dated as of t

II. Related Rights and Collateral. All security interests in unearned premium refund rights securing such receivables; all rights under insurance policies related to such receivables, including rights to unearned premium refunds from insurance carriers upon cancellation; all collections, payments, and other proceeds of or on account of any of the foregoing receivables; and all rights to enforce or collect upon such r

III. Accounts and Proceeds. All deposit accounts, securities accounts, and other accounts in which collections or proceeds of the receivables are deposited or held; all cash, checks, drafts, wire transfers, ACH payments, and other instruments representing collections; all general intangibles, contract rights, and payment intangibles relating to the receivables; and all books, records, files (including electronic reco

IV. Supporting Obligations and Insurance. All supporting obligations (as defined in the UCC) relating to the receivables; all guarantees, indemnities, insurance, and other credit support relating to the receivables; and all rights under the Receivables Transfer Agreement, including representations, warranties, and repurchase obligations.

V. Proceeds and Products. All proceeds (as defined in Section 9-102(a)(64) of the UCC) of any and all of the foregoing, including insurance proceeds, refund rights, and condemnation awards, and all products of any and all of the foregoing.

VI. Precautionary Filing. This financing statement is filed as a precautionary measure in connection with a transaction that the parties intend to be a true sale and absolute transfer of the receivables from Quorum Receivables Holding LLC to Quorum Receivables Funding 2022-1 LLC, and not a secured financing. Notwithstanding such characterization, if such transfer were to be recharacterized as a secured financing rath

1. Filing No. 1: UCC-1 Financing Statement — Quorum Premium Finance LLC (Debtor) / Quorum Receivables Holding LLC (Secured Party). Purpose: To perfect the transfer and/or security interest in the insurance premium finance receivables transferred from the Originator (QPF) to the depositor entity (QRH) pursuant to the Receivables Purchase Agreement.

2. Filing No. 2 (THIS FILING): UCC-1 Financing Statement — Quorum Receivables Holding LLC (Debtor) / Quorum Receivables Funding 2022-1 LLC (Secured Party). Purpose: To perfect the transfer and/or security interest in the insurance premium finance receivables transferred from the depositor entity (QRH) to the issuer SPV (QRF 2022-1) pursuant to the Receivables Transfer Agreement.

3. Filing No. 3: UCC-1 Financing Statement — Quorum Receivables Funding 2022-1 LLC (Debtor) / Calvoneth Trust Company, N.A., as Indenture Trustee (Secured Party). Purpose: To perfect the first-priority security interest of the Indenture Trustee in all assets of QRF 2022-1, including the receivables and related collateral, for the benefit of the holders of the Series 2022-1 Asset-Backed Notes, pursuant to the Indentur