[sheet: Cover]

Field	Value
Transaction	Quorum Receivables Funding 2022-1 LLC — $500,000,000 Insurance Premium Finance ABS
Issuer	Quorum Receivables Funding 2022-1 LLC
Sponsor / Parent	Quorum Insurance Holdings Corp. (NYSE: QIHC)
Originator / Seller / Servicer	Quorum Premium Finance LLC
Depositor	Quorum Receivables Holding LLC
Structuring Agent / Lead Bookrunner	Ridgeline Capital Markets LLC
Indenture Trustee / Paying Agent	Calvoneth Trust Company, N.A.
Back-Up Servicer / Liquidity Provider	Northvane Bank, N.A.
Issuer's Counsel	Calderwood & Harkness LLP
Underwriter's Counsel	Calloway & Brandt LLP
Trustee's Counsel	Ashfield & Greer LLP
Auditor	Meridian Ledger LLP
Verification Agent	Veristead Analytics LLC
Independent Manager Provider	Fortbridge Corporate Services LLC
Rating Agency #1	Brindoval Ratings Inc. (Engagement No. CR-SF-2022-08812)
Rating Agency #2	Pinnacle Rating Services LLC (Engagement No. PRS-2022-ABS-3347)
Calderwood & Harkness Matter No.	1025-00007
Ridgeline Deal ID	RCM-IPF-2022-0041
Offering Type	Rule 144A / Regulation S Private Placement
Governing Law	New York
Tracker Version	v1 — dated October 12, 2022
Prepared By	Yuki Nakamura / Carlos Espinoza, Calderwood & Harkness LLP
Responsible Partner	Douglas Carmichael
Overall Status	INCOMPLETE — Transaction shelved November 14, 2022; all items remain unsatisfied

[sheet: CP Tracker — NPA]

CP No.	NPA Section Ref.	Condition Precedent Description	Responsible Party	Responsible Counsel	Required Deliverable	Target Date	Status	Notes / Comments
NPA-01	§3.01(a)	Execution and delivery of the Indenture by QRF 2022-1 and Calvoneth Trust Company, N.A.	QRF 2022-1 / Calvoneth Trust	Calderwood & Harkness / Ashfield & Greer	Executed Indenture (v4)	Closing Date	Incomplete	Execution draft v4 dated 2022-10-12 circulated; pending final execution
NPA-02	§3.01(b)	Execution and delivery of the Receivables Sale Agreement by QPF and QRH	QPF / QRH	Calderwood & Harkness	Executed Receivables Sale Agreement (v3)	Closing Date	Incomplete	Execution draft v3 dated 2022-10-12 circulated
NPA-03	§3.01(c)	Execution and delivery of the Receivables Transfer Agreement by QRH and QRF 2022-1	QRH / QRF 2022-1	Calderwood & Harkness	Executed Receivables Transfer Agreement (v3)	Closing Date	Incomplete	Execution draft v3 dated 2022-10-12 circulated
NPA-04	§3.01(d)	Execution and delivery of the Servicing Agreement by QRF 2022-1, QPF, and Calvoneth Trust	QRF 2022-1 / QPF / Calvoneth Trust	Calderwood & Harkness / Ashfield & Greer	Executed Servicing Agreement (v3)	Closing Date	Incomplete	Servicing fee: 1.00% p.a. on outstanding pool balance
NPA-05	§3.01(e)	Execution and delivery of the Back-Up Servicing Agreement by QRF 2022-1, QPF, Northvane Bank, N.A., and Calvoneth Trust	QRF 2022-1 / QPF / Northvane / Calvoneth Trust	Calderwood & Harkness	Executed Back-Up Servicing Agreement (v2)	Closing Date	Incomplete	Back-up servicer fee: $50,000/yr ($12,500/quarter)
NPA-06	§3.01(f)	Execution and delivery of the Administration Agreement by QRF 2022-1 and QIH	QRF 2022-1 / QIH	Calderwood & Harkness	Executed Administration Agreement (v2)	Closing Date	Incomplete
NPA-07	§3.01(g)	Execution and delivery of the Note Purchase Agreement by QRF 2022-1, QIH, and Ridgeline Capital Markets LLC	QRF 2022-1 / QIH / Ridgeline	Calderwood & Harkness / Calloway & Brandt	Executed Note Purchase Agreement (v3)	Closing Date	Incomplete	Placement fees: 0.30% Class A, 0.45% Class B, 0.60% Class C
NPA-08	§3.01(h)	Execution and delivery of the Liquidity Facility Agreement by QRF 2022-1 and Northvane Bank, N.A.	QRF 2022-1 / Northvane	Calderwood & Harkness	Executed Liquidity Facility Agreement (v2)	Closing Date	Incomplete	$25,000,000 facility; commitment fee 0.25% p.a. on undrawn; drawn rate SOFR + 150 bps
NPA-09	§3.01(i)	Execution and delivery of the Account Control Agreement by QRF 2022-1 and Calvoneth Trust (as Securities Intermediary)	QRF 2022-1 / Calvoneth Trust	Calderwood & Harkness / Ashfield & Greer	Executed Account Control Agreement (v2)	Closing Date	Incomplete
NPA-10	§3.01(j)	Execution and delivery of the Custodian Agreement by QRF 2022-1 and Calvoneth Trust (as Custodian)	QRF 2022-1 / Calvoneth Trust	Calderwood & Harkness / Ashfield & Greer	Executed Custodian Agreement	Closing Date	Incomplete	Draft dated 2022-10-12
NPA-11	§3.01(k)	Execution and delivery of the Grant of Security Interest (Pledge Agreement) by QRF 2022-1 to Calvoneth Trust	QRF 2022-1 / Calvoneth Trust	Calderwood & Harkness / Ashfield & Greer	Executed Grant of Security Interest (v2)	Closing Date	Incomplete	First-priority security interest in all receivables, collections, accounts
NPA-12	§3.01(l)	Execution and delivery of the Performance Guaranty by QIH in favor of Calvoneth Trust	QIH / Calvoneth Trust	Calderwood & Harkness	Executed Performance Guaranty (v1)	Closing Date	Incomplete	Guarantees QPF servicer/seller obligations
NPA-13	§3.02(a)	Receipt of Calderwood & Harkness opinion — True Sale (QPF to QRH transfer)	Calderwood & Harkness (Sylvia Hartwell)	Calderwood & Harkness	Executed true sale opinion letter	Closing Date	Incomplete	Draft dated 2022-10-08; opines transfer constitutes true sale under NY law; never finalized
NPA-14	§3.02(b)	Receipt of Calderwood & Harkness opinion — True Sale (QRH to QRF 2022-1 transfer)	Calderwood & Harkness (Sylvia Hartwell)	Calderwood & Harkness	Executed true sale opinion letter	Closing Date	Incomplete	Draft dated 2022-10-08; never finalized
NPA-15	§3.02(c)	Receipt of Calderwood & Harkness opinion — Enforceability of Indenture and Notes	Calderwood & Harkness	Calderwood & Harkness	Executed enforceability opinion letter	Closing Date	Incomplete	Draft dated 2022-10-08; NY law; never finalized
NPA-16	§3.02(d)	Receipt of Calderwood & Harkness opinion — Security Interest Perfection (UCC Article 9)	Calderwood & Harkness	Calderwood & Harkness	Executed UCC perfection opinion letter	Closing Date	Incomplete	Draft dated 2022-10-08; perfected first-priority security interest upon UCC-1 filings; never finalized
NPA-17	§3.02(e)	Receipt of Calderwood & Harkness opinion — Tax Characterization (Debt Treatment of Notes)	Calderwood & Harkness (Sylvia Hartwell)	Calderwood & Harkness	Executed tax opinion letter	Closing Date	Incomplete	Draft dated 2022-10-10; Notes treated as debt for U.S. federal income tax; QRF 2022-1 as disregarded entity; never finalized
NPA-18	§3.02(f)	Receipt of Calderwood & Harkness opinion — No Registration Required (Rule 144A / Reg S)	Calderwood & Harkness	Calderwood & Harkness	Executed securities exemption opinion letter	Closing Date	Incomplete	Draft dated 2022-10-08; never finalized
NPA-19	§3.02(g)	Receipt of Calderwood & Harkness opinion — Delaware LLC Valid Formation and Authorization (QRF 2022-1)	Calderwood & Harkness	Calderwood & Harkness	Executed DE formation opinion	Closing Date	Incomplete	Draft dated 2022-10-08; DE SOS File No. 7894231; never finalized
NPA-20	§3.02(h)	Receipt of Calderwood & Harkness opinion — Delaware LLC Valid Formation and Authorization (QRH)	Calderwood & Harkness	Calderwood & Harkness	Executed DE formation opinion	Closing Date	Incomplete	Draft dated 2022-10-08; DE SOS File No. 7894228; never finalized
NPA-21	§3.02(i)	Receipt of Calderwood & Harkness opinion — Non-Consolidation (QRF 2022-1)	Calderwood & Harkness	Calderwood & Harkness	Executed non-consolidation opinion	Closing Date	Incomplete	Draft dated 2022-10-05; never finalized
NPA-22	§3.02(j)	Receipt of Calderwood & Harkness opinion — Non-Consolidation (QRH)	Calderwood & Harkness	Calderwood & Harkness	Executed non-consolidation opinion	Closing Date	Incomplete	Draft dated 2022-10-05; never finalized
NPA-23	§3.03(a)	Receipt of Closing Certificate from QIH and QPF	QIH / QPF (Nolan Whitford / Sandra Ling-Hwang)	Calderwood & Harkness	Executed Closing Certificate — QIH / QPF	Closing Date	Incomplete	Draft dated 2022-10-12; certifies reps/warranties, no MAE, no event of default; never executed
NPA-24	§3.03(b)	Receipt of Officer's Certificate from QRF 2022-1	QRF 2022-1	Calderwood & Harkness	Executed Officer's Certificate — QRF 2022-1	Closing Date	Incomplete	Draft dated 2022-10-12; certifies issuer representations and due authorization; never executed

NPA-25	§3.03(c)	Receipt of Closing Certificate from Calvoneth Trust Company, N.A.	Calvoneth Trust (Gerald K. Fontaine)	Ashfield & Greer	Executed Closing Certificate — Calvoneth Trust	Closing Date	Incomplete	Draft dated 2022-10-12; certifies trustee acceptance and receipt of required documents; never executed
NPA-26	§3.04(a)	Delivery of final Offering Memorandum	QRF 2022-1 / QIH / Ridgeline	Calderwood & Harkness / Calloway & Brandt	Final Offering Memorandum (executed)	Closing Date	Incomplete	Preliminary OM (v3) dated 2022-10-12; final never produced
NPA-27	§3.04(b)	Delivery of Pool Supplement (stratification tables) to Offering Memorandum	QRF 2022-1 / QPF	Calderwood & Harkness	Final Pool Supplement	Closing Date	Incomplete	Supplement dated 2022-10-12 based on cut-off date 2022-06-30 pool data
NPA-28	§3.05(a)	Receipt of Meridian Ledger LLP comfort letter	Meridian Ledger LLP (Robert Falcone)	Calderwood & Harkness	Comfort letter — agreed-upon procedures	Closing Date	Incomplete	Not yet requested from Meridian Ledger
NPA-29	§3.05(b)	Receipt of Veristead Analytics LLC verification report (tape reconciliation)	Veristead Analytics LLC (Katharine Drummond)	Calderwood & Harkness	Third-party verification report	Closing Date	Incomplete	Veristead engaged; stratification and tape reconciliation not finalized
NPA-30	§3.06	No material adverse change in condition (financial or otherwise) of QIH, QPF, or the receivables pool since cut-off date	QIH / QPF	Calderwood & Harkness	Bring-down certificate / officer confirmation	Closing Date	Incomplete	Cut-off date: June 30, 2022; initial pool balance $612,000,000
NPA-31	§3.07	Representations and warranties of Issuer and Sponsor true and correct in all material respects as of closing date	QRF 2022-1 / QIH	Calderwood & Harkness	Covered by Closing Certificate (NPA-23, NPA-24)	Closing Date	Incomplete
NPA-32	§3.08	No event of default or early amortization event has occurred and is continuing	QRF 2022-1 / QPF	Calderwood & Harkness	Covered by Closing Certificate	Closing Date	Incomplete	Triggers: 3-mo avg net loss >2.00%; 60+ day delinquency >3.50%; pool balance <$450M
NPA-33	§3.09	Payment of placement fees to Ridgeline Capital Markets LLC	QIH	Calderwood & Harkness / Calloway & Brandt	Wire confirmation	Closing Date	Incomplete	Total placement fees: $1,672,500 (Class A $1,125,000 + Class B $337,500 + Class C $210,000)
SUMMARY	Total CPs: 33	Complete: 0	Incomplete: 33	% Complete: 0%	Transaction shelved 2022-11-14

[sheet: CP Tracker — Indenture]

CP No.	Indenture Section Ref.	Condition Precedent Description	Responsible Party	Responsible Counsel	Required Deliverable	Target Date	Status	Notes / Comments
IND-01	§2.03(a)	Delivery of executed Indenture to Calvoneth Trust	QRF 2022-1	Calderwood & Harkness	Executed Indenture	Closing Date	Incomplete	Execution draft v4 dated 2022-10-12
IND-02	§2.03(b)	Delivery of Issuer Order directing authentication and delivery of Notes	QRF 2022-1	Calderwood & Harkness	Issuer Order	Closing Date	Incomplete
IND-03	§2.03(c)	Delivery of Secretary's Certificate (QIH Board Resolutions) authorizing the transaction	QIH	Calderwood & Harkness	Secretary's Certificate dated 2022-07-27	Closing Date	Incomplete	Certifies board authorization of $500M ABS issuance; authorized signatories: Marcus Devereaux, Priya Raghavan, Nolan Whitford
IND-04	§2.03(d)	Delivery of Manager's Certificate (QPF Authorizing Resolutions)	QPF (Sandra Ling-Hwang)	Calderwood & Harkness	Manager's Certificate dated 2022-07-27	Closing Date	Incomplete	Authorizes QPF to enter Receivables Sale Agreement and Servicing Agreement
IND-05	§2.03(e)	Delivery of LLC Agreement of QRF 2022-1 (certified copy)	QRF 2022-1	Calderwood & Harkness	Certified copy of LLC Agreement	Closing Date	Incomplete	Sole member: QRH; Independent Manager: Timothy R. Callan (Fortbridge)
IND-06	§2.03(f)	Delivery of LLC Agreement of QRH (certified copy)	QRH	Calderwood & Harkness	Certified copy of LLC Agreement	Closing Date	Incomplete	Sole member: QPF; Independent Manager: Eleanor M. Vasquez (Fortbridge)
IND-07	§2.03(g)	Delivery of Certificate of Formation of QRF 2022-1 (certified by DE SOS)	QRF 2022-1	Calderwood & Harkness	Certified Certificate of Formation	Closing Date	Incomplete	Filed 2022-08-03; DE SOS File No. 7894231
IND-08	§2.03(h)	Delivery of Certificate of Formation of QRH (certified by DE SOS)	QRH	Calderwood & Harkness	Certified Certificate of Formation	Closing Date	Incomplete	Filed 2022-08-03; DE SOS File No. 7894228
IND-09	§2.03(i)	Delivery of good standing certificates for QRF 2022-1 and QRH from Delaware Secretary of State	QRF 2022-1 / QRH	Calderwood & Harkness	Good standing certificates (DE)	Closing Date	Incomplete	Must be dated within 5 business days of closing
IND-10	§2.03(j)	Delivery of good standing certificate for QPF from Delaware Secretary of State	QPF	Calderwood & Harkness	Good standing certificate (DE)	Closing Date	Incomplete	QPF EIN: 84-2653198
IND-11	§2.03(k)	Delivery of good standing certificate for QIH from Delaware Secretary of State	QIH	Calderwood & Harkness	Good standing certificate (DE)	Closing Date	Incomplete	QIH EIN: 82-4391067
IND-12	§2.03(l)	Receipt of all legal opinions required under §3.02 of the Note Purchase Agreement	Calderwood & Harkness / Calloway & Brandt / Ashfield & Greer	All counsel	See NPA CP Tracker — NPA-13 through NPA-22	Closing Date	Incomplete	Cross-reference to NPA opinion conditions; 10 opinions total; all in draft form only
IND-13	§2.03(m)	Filing of UCC-1 Financing Statement: QPF (Debtor) / QRH (Secured Party) with DE SOS	QPF / QRH	Calderwood & Harkness	Filed UCC-1 + filing receipt	Closing Date	Incomplete	Draft prepared; never filed due to shelving
IND-14	§2.03(n)	Filing of UCC-1 Financing Statement: QRH (Debtor) / QRF 2022-1 (Secured Party) with DE SOS	QRH / QRF 2022-1	Calderwood & Harkness	Filed UCC-1 + filing receipt	Closing Date	Incomplete	Draft prepared; never filed due to shelving
IND-15	§2.03(o)	Filing of UCC-1 Financing Statement: QRF 2022-1 (Debtor) / Calvoneth Trust (Secured Party) with DE SOS	QRF 2022-1 / Calvoneth Trust	Calderwood & Harkness / Ashfield & Greer	Filed UCC-1 + filing receipt	Closing Date	Incomplete	Draft prepared; never filed due to shelving; filing jurisdiction: Delaware Secretary of State
IND-16	§2.03(p)	Confirmation of preliminary ratings from Brindoval Ratings Inc.: Class A — AAA(cr); Class B — A(cr); Class C — BBB(cr)	Brindoval Ratings (Andrew Petrosian)	Calderwood & Harkness	Written rating confirmation letter	Closing Date	Incomplete	Preliminary ratings issued 2022-08-22; final confirmation letter not received; Brindoval Engagement No. CR-SF-2022-08812
IND-17	§2.03(q)	Confirmation of preliminary ratings from Pinnacle Rating Services LLC: Class A — Aaa(p); Class B — A1(p); Class C — Baa2(p)	Pinnacle Rating Services (Monica Sung)	Calderwood & Harkness	Written rating confirmation letter	Closing Date	Incomplete	Preliminary ratings issued 2022-08-29; final confirmation letter not received; Pinnacle Engagement No. PRS-2022-ABS-3347
IND-18	§2.03(r)	Establishment of Collection Account, Payment Account, Reserve Account, and Liquidity Reserve Account at Calvoneth Trust	QRF 2022-1 / Calvoneth Trust (Gerald K. Fontaine)	Calderwood & Harkness / Ashfield & Greer	Account opening confirmation letters	Closing Date	Incomplete	Per Account Control Agreement; Calvoneth Trust as securities intermediary
IND-19	§2.03(s)	Receipt of Independent Manager Agreements for QRF 2022-1 (Callan) and QRH (Vasquez)	Fortbridge Corporate Services LLC	Calderwood & Harkness	Executed Independent Manager Agreements	Closing Date	Incomplete	Agreements dated 2022-08-03; to be confirmed as in full force and effect at closing
IND-20	§2.03(t)	Delivery of initial receivables schedule to Calvoneth Trust (as Custodian) as of cut-off date	QPF / QRF 2022-1	Calderwood & Harkness	Receivables schedule (electronic file)	Closing Date	Incomplete	Cut-off date June 30, 2022; ~82,400 loans; initial pool balance $612,000,000
IND-21	§2.03(u)	Execution and delivery of CUSIP assignment letters for each tranche	Ridgeline	Calloway & Brandt	CUSIP assignment confirmations	Closing Date	Incomplete	Preliminary CUSIPs: Class A — 74892TAA3; Class B — 74892TAB1; Class C — 74892TAC9 (placeholders; not finalized)
IND-22	§2.03(v)	Delivery of Calloway & Brandt opinion (underwriter's counsel opinions)	Calloway & Brandt LLP (Harrison Collier)	Calloway & Brandt	Executed opinion letter	Closing Date	Incomplete	Not yet drafted
IND-23	§2.03(w)	Delivery of Ashfield & Greer opinion (trustee's counsel opinion)	Ashfield & Greer LLP (Vivian Sato)	Ashfield & Greer	Executed opinion letter	Closing Date	Incomplete	Not yet drafted
SUMMARY	Total CPs: 23	Complete: 0	Incomplete: 23	% Complete: 0%	Transaction shelved 2022-11-14

[sheet: Capital Structure Reference]

Tranche	Par Amount	% of Total	Preliminary Rating — Brindoval	Preliminary Rating — Pinnacle	Credit Enhancement	Credit Enhancement Amount	Coupon Guidance at Launch	Indicative Pricing Nov. 2	Preliminary CUSIP
Class A Notes	$375,000,000	75.0%	AAA(cr)	Aaa(p)	25.0%	$125,000,000	SOFR + 125 bps	SOFR + 168 bps	74892TAA3
Class B Notes	$75,000,000	15.0%	A(cr)	A1(p)	10.0%	$50,000,000	SOFR + 210 bps	SOFR + 285 bps	74892TAB1
Class C Notes	$35,000,000	7.0%	BBB(cr)	Baa2(p)	3.0%	$15,000,000	SOFR + 375 bps	SOFR + 450 bps	74892TAC9
Overcollateralization / Retained Interest	$15,000,000	3.0%	Unrated	Unrated	N/A	N/A	N/A	N/A	N/A
Total	$500,000,000	100.0%

[sheet: Summary & Status]

Category	Source Document	Total CPs	Complete	Incomplete	% Complete	Comments
Transaction Documents (Execution & Delivery)	NPA §3.01 / Indenture §2.03	12	0	12	0%	All execution drafts circulated 2022-10-12; none executed
Legal Opinions (Issuer's Counsel — Calderwood & Harkness)	NPA §3.02	10	0	10	0%	All opinions in draft form only (dated 2022-10-05 to 2022-10-10); none finalized
Legal Opinions (Underwriter's Counsel — Calloway & Brandt)	Indenture §2.03(v)	1	0	1	0%	Not yet drafted
Legal Opinions (Trustee's Counsel — Ashfield & Greer)	Indenture §2.03(w)	1	0	1	0%	Not yet drafted
UCC Filings	Indenture §2.03(m)-(o)	3	0	3	0%	Drafts prepared; never filed with DE SOS due to shelving
Rating Confirmations	Indenture §2.03(p)-(q)	2	0	2	0%	Preliminary ratings issued (Brindoval 2022-08-22; Pinnacle 2022-08-29); final confirmation letters not received
Officer / Closing Certificates	NPA §3.03 / Indenture §2.03	3	0	3	0%	Drafts dated 2022-10-12; never executed
Corporate / Formation Documents	Indenture §2.03(c)-(k)	7	0	7	0%	Underlying docs exist; certified copies not yet assembled for closing
Third-Party Reports (Comfort Letter & Verification)	NPA §3.05	2	0	2	0%	Meridian Ledger comfort letter and Veristead verification report not finalized
Account Establishment & CUSIP	Indenture §2.03(r), (u)	2	0	2	0%	Accounts not opened; CUSIPs remain preliminary placeholders
Other (MAC, Reps, No Default, Fees)	NPA §3.06-§3.09	4	0	4	0%	Includes bring-down, reps confirmation, no-default certification, placement fee payment ($1,672,500 total)
GRAND TOTAL	All	47	0	47	0%	Transaction shelved 2022-11-14; all CPs remain unsatisfied; total sunk costs ~$2,555,000

[sheet: Key Contacts]

Organization	Role	Key Contact	Title	Address	Relevant CP Items
Quorum Insurance Holdings Corp.	Sponsor / Parent	Marcus Devereaux	CEO	400 Atlantic Street, Suite 2200, Stamford, CT 06901	Board resolutions; executive authorization
Quorum Insurance Holdings Corp.	Sponsor / Parent	Priya Raghavan	CFO	400 Atlantic Street, Suite 2200, Stamford, CT 06901	Financial oversight; closing certificates
Quorum Insurance Holdings Corp.	Sponsor / Parent — In-House Legal	Nolan Whitford	General Counsel	400 Atlantic Street, Suite 2200, Stamford, CT 06901	In-house legal lead; closing certificates
Quorum Insurance Holdings Corp. / Quorum Premium Finance LLC	Treasurer / QPF Manager	Sandra Ling-Hwang	Treasurer & Manager of QPF	400 Atlantic Street, Suite 2200, Stamford, CT 06901	QPF authorizing resolutions; receivables schedule delivery
Calderwood & Harkness LLP	Issuer's Counsel — Responsible Partner	Douglas Carmichael	Partner	601 Lexington Avenue, New York, NY 10022	All C&H opinions; overall CP coordination
Calderwood & Harkness LLP	Issuer's Counsel — Billing Partner	Francesca Morano	Partner	601 Lexington Avenue, New York, NY 10022	Billing; fee matters
Calderwood & Harkness LLP	Issuer's Counsel — Lead Associate	Yuki Nakamura	Associate	601 Lexington Avenue, New York, NY 10022	Document drafting; CP tracker maintenance
Calderwood & Harkness LLP	Issuer's Counsel — Working Associate	Carlos Espinoza	Associate	601 Lexington Avenue, New York, NY 10022	UCC filings; diligence deliverables
Calderwood & Harkness LLP	Issuer's Counsel — Tax Specialist	Sylvia Hartwell	Partner (Tax)	601 Lexington Avenue, New York, NY 10022	True sale opinions; tax characterization opinion
Ridgeline Capital Markets LLC	Structuring Agent / Lead Bookrunner	Julian Weatherstone	Head of ABS Origination	383 Madison Avenue, 14th Floor, New York, NY 10179	CUSIP assignment; placement fee payment; NPA execution
Ridgeline Capital Markets LLC	Insurance ABS Specialist	Rebecca Tran	Managing Director	383 Madison Avenue, 14th Floor, New York, NY 10179	Roadshow; pricing coordination
Calloway & Brandt LLP	Underwriter's Counsel	Harrison Collier	Partner	One Liberty Plaza, 165 Broadway, New York, NY 10006	C&B opinion; NPA review
Calloway & Brandt LLP	Underwriter's Counsel — Working Attorney	Megan O'Shaughnessy	Senior Associate	One Liberty Plaza, 165 Broadway, New York, NY 10006	C&B opinion drafting
Calvoneth Trust Company, N.A.	Indenture Trustee / Paying Agent / Securities Intermediary / Custodian	Gerald K. Fontaine	Senior Trust Officer	600 Travis Street, Suite 5800, Houston, TX 77002	Indenture execution; account establishment; trustee closing certificate; custodian agreement
Ashfield & Greer LLP	Trustee's Counsel	Vivian Sato	Partner	One Chase Manhattan Plaza, New York, NY 10005	A&G opinion; trustee-side documents
Northvane Bank, N.A.	Back-Up Servicer / Liquidity Provider	Diane Coletti	Managing Director	200 Vesey Street, New York, NY 10281	Back-up servicing agreement; liquidity facility agreement execution
Fortbridge Corporate Services LLC	Independent Manager Provider (QRF 2022-1)	Timothy R. Callan	Independent Manager	1209 Orange Street, Wilmington, DE 19801	Independent manager agreement confirmation (QRF 2022-1)
Fortbridge Corporate Services LLC	Independent Manager Provider (QRH)	Eleanor M. Vasquez	Independent Manager	1209 Orange Street, Wilmington, DE 19801	Independent manager agreement confirmation (QRH)
Brindoval Ratings Inc.	Rating Agency	Andrew Petrosian	Lead Analyst	55 Water Street, New York, NY 10041	Final rating confirmation letter (AAA(cr) / A(cr) / BBB(cr))
Pinnacle Rating Services LLC	Rating Agency	Monica Sung	Lead Analyst	7 World Trade Center, New York, NY 10007	Final rating confirmation letter (Aaa(p) / A1(p) / Baa2(p))
Meridian Ledger LLP	Auditor	Robert Falcone	Engagement Partner	1301 Avenue of the Americas, New York, NY 10019	Comfort letter / agreed-upon procedures
Veristead Analytics LLC	Verification Agent	Katharine Drummond	Managing Director	100 Summer Street, Suite 1500, Boston, MA 02110	Stratification and tape reconciliation verification report
Ashgrove Services Inc.	Registered Agent (QRF 2022-1 / QRH)	N/A	N/A	28 Liberty Street, New York, NY 10005	Registered agent for SPVs

[sheet: Cover]
Field | Value
Transaction | Quorum Receivables Funding 2022-1 LLC — $500,000,000 Insurance Premium Finance ABS
Issuer | Quorum Receivables Funding 2022-1 LLC
Sponsor / Parent | Quorum Insurance Holdings Corp. (NYSE: QIHC)
Originator / Seller / Servicer | Quorum Premium Finance LLC
Depositor | Quorum Receivables Holding LLC
Structuring Agent / Lead Bookrunner | Ridgeline Capital Markets LLC
Indenture Trustee / Paying Agent | Calvoneth Trust Company, N.A.
Back-Up Servicer / Liquidity Provider | Northvane Bank, N.A.
Issuer's Counsel | Calderwood & Harkness LLP
Underwriter's Counsel | Calloway & Brandt LLP
Trustee's Counsel | Ashfield & Greer LLP
Auditor | Meridian Ledger LLP
Verification Agent | Veristead Analytics LLC
Independent Manager Provider | Fortbridge Corporate Services LLC
Rating Agency #1 | Brindoval Ratings Inc. (Engagement No. CR-SF-2022-08812)
Rating Agency #2 | Pinnacle Rating Services LLC (Engagement No. PRS-2022-ABS-3347)
Calderwood & Harkness Matter No. | 1025-00007
Ridgeline Deal ID | RCM-IPF-2022-0041
Offering Type | Rule 144A / Regulation S Private Placement
Governing Law | New York
Tracker Version | v1 — dated October 12, 2022
Prepared By | Yuki Nakamura / Carlos Espinoza, Calderwood & Harkness LLP
Responsible Partner | Douglas Carmichael
Overall Status | INCOMPLETE — Transaction shelved November 14, 2022; all items remain unsatisfied
[sheet: CP Tracker — NPA]
CP No. | NPA Section Ref. | Condition Precedent Description | Responsible Party | Responsible Counsel | Required Deliverable | Target Date | Status | Notes / Comments
NPA-01 | §3.01(a) | Execution and delivery of the Indenture by QRF 2022-1 and Calvoneth Trust Company, N.A. | QRF 2022-1 / Calvoneth Trust | Calderwood & Harkness / Ashfield & Greer | Executed Indenture (v4) | Closing Date | Incomplete | Execution draft v4 dated 2022-10-12 circulated; pending final execution
NPA-02 | §3.01(b) | Execution and delivery of the Receivables Sale Agreement by QPF and QRH | QPF / QRH | Calderwood & Harkness | Executed Receivables Sale Agreement (v3) | Closing Date | Incomplete | Execution draft v3 dated 2022-10-12 circulated
NPA-03 | §3.01(c) | Execution and delivery of the Receivables Transfer Agreement by QRH and QRF 2022-1 | QRH / QRF 2022-1 | Calderwood & Harkness | Executed Receivables Transfer Agreement (v3) | Closing Date | Incomplete | Execution draft v3 dated 2022-10-12 circulated
NPA-04 | §3.01(d) | Execution and delivery of the Servicing Agreement by QRF 2022-1, QPF, and Calvoneth Trust | QRF 2022-1 / QPF / Calvoneth Trust | Calderwood & Harkness / Ashfield & Greer | Executed Servicing Agreement (v3) | Closing Date | Incomplete | Servicing fee: 1.00% p.a. on outstanding pool balance
NPA-05 | §3.01(e) | Execution and delivery of the Back-Up Servicing Agreement by QRF 2022-1, QPF, Northvane Bank, N.A., and Calvoneth Trust | QRF 2022-1 / QPF / Northvane / Calvoneth Trust | Calderwood & Harkness | Executed Back-Up Servicing Agreement (v2) | Closing Date | Incomplete | Back-up servicer fee: $50,000/yr ($12,500/quarter)
NPA-06 | §3.01(f) | Execution and delivery of the Administration Agreement by QRF 2022-1 and QIH | QRF 2022-1 / QIH | Calderwood & Harkness | Executed Administration Agreement (v2) | Closing Date | Incomplete
NPA-07 | §3.01(g) | Execution and delivery of the Note Purchase Agreement by QRF 2022-1, QIH, and Ridgeline Capital Markets LLC | QRF 2022-1 / QIH / Ridgeline | Calderwood & Harkness / Calloway & Brandt | Executed Note Purchase Agreement (v3) | Closing Date | Incomplete | Placement fees: 0.30% Class A, 0.45% Class B, 0.60% Class C
NPA-08 | §3.01(h) | Execution and delivery of the Liquidity Facility Agreement by QRF 2022-1 and Northvane Bank, N.A. | QRF 2022-1 / Northvane | Calderwood & Harkness | Executed Liquidity Facility Agreement (v2) | Closing Date | Incomplete | $25,000,000 facility; commitment fee 0.25% p.a. on undrawn; drawn rate SOFR + 150 bps
NPA-09 | §3.01(i) | Execution and delivery of the Account Control Agreement by QRF 2022-1 and Calvoneth Trust (as Securities Intermediary) | QRF 2022-1 / Calvoneth Trust | Calderwood & Harkness / Ashfield & Greer | Executed Account Control Agreement (v2) | Closing Date | Incomplete
NPA-10 | §3.01(j) | Execution and delivery of the Custodian Agreement by QRF 2022-1 and Calvoneth Trust (as Custodian) | QRF 2022-1 / Calvoneth Trust | Calderwood & Harkness / Ashfield & Greer | Executed Custodian Agreement | Closing Date | Incomplete | Draft dated 2022-10-12
NPA-11 | §3.01(k) | Execution and delivery of the Grant of Security Interest (Pledge Agreement) by QRF 2022-1 to Calvoneth Trust | QRF 2022-1 / Calvoneth Trust | Calderwood & Harkness / Ashfield & Greer | Executed Grant of Security Interest (v2) | Closing Date | Incomplete | First-priority security interest in all receivables, collections, accounts
NPA-12 | §3.01(l) | Execution and delivery of the Performance Guaranty by QIH in favor of Calvoneth Trust | QIH / Calvoneth Trust | Calderwood & Harkness | Executed Performance Guaranty (v1) | Closing Date | Incomplete | Guarantees QPF servicer/seller obligations
NPA-13 | §3.02(a) | Receipt of Calderwood & Harkness opinion — True Sale (QPF to QRH transfer) | Calderwood & Harkness (Sylvia Hartwell) | Calderwood & Harkness | Executed true sale opinion letter | Closing Date | Incomplete | Draft dated 2022-10-08; opines transfer constitutes true sale under NY law; never finalized
NPA-14 | §3.02(b) | Receipt of Calderwood & Harkness opinion — True Sale (QRH to QRF 2022-1 transfer) | Calderwood & Harkness (Sylvia Hartwell) | Calderwood & Harkness | Executed true sale opinion letter | Closing Date | Incomplete | Draft dated 2022-10-08; never finalized
NPA-15 | §3.02(c) | Receipt of Calderwood & Harkness opinion — Enforceability of Indenture and Notes | Calderwood & Harkness | Calderwood & Harkness | Executed enforceability opinion letter | Closing Date | Incomplete | Draft dated 2022-10-08; NY law; never finalized
NPA-16 | §3.02(d) | Receipt of Calderwood & Harkness opinion — Security Interest Perfection (UCC Article 9) | Calderwood & Harkness | Calderwood & Harkness | Executed UCC perfection opinion letter | Closing Date | Incomplete | Draft dated 2022-10-08; perfected first-priority security interest upon UCC-1 filings; never finalized
NPA-17 | §3.02(e) | Receipt of Calderwood & Harkness opinion — Tax Characterization (Debt Treatment of Notes) | Calderwood & Harkness (Sylvia Hartwell) | Calderwood & Harkness | Executed tax opinion letter | Closing Date | Incomplete | Draft dated 2022-10-10; Notes treated as debt for U.S. federal income tax; QRF 2022-1 as disregarded entity; never finalized
NPA-18 | §3.02(f) | Receipt of Calderwood & Harkness opinion — No Registration Required (Rule 144A / Reg S) | Calderwood & Harkness | Calderwood & Harkness | Executed securities exemption opinion letter | Closing Date | Incomplete | Draft dated 2022-10-08; never finalized
NPA-19 | §3.02(g) | Receipt of Calderwood & Harkness opinion — Delaware LLC Valid Formation and Authorization (QRF 2022-1) | Calderwood & Harkness | Calderwood & Harkness | Executed DE formation opinion | Closing Date | Incomplete | Draft dated 2022-10-08; DE SOS File No. 7894231; never finalized
NPA-20 | §3.02(h) | Receipt of Calderwood & Harkness opinion — Delaware LLC Valid Formation and Authorization (QRH) | Calderwood & Harkness | Calderwood & Harkness | Executed DE formation opinion | Closing Date | Incomplete | Draft dated 2022-10-08; DE SOS File No. 7894228; never finalized
NPA-21 | §3.02(i) | Receipt of Calderwood & Harkness opinion — Non-Consolidation (QRF 2022-1) | Calderwood & Harkness | Calderwood & Harkness | Executed non-consolidation opinion | Closing Date | Incomplete | Draft dated 2022-10-05; never finalized
NPA-22 | §3.02(j) | Receipt of Calderwood & Harkness opinion — Non-Consolidation (QRH) | Calderwood & Harkness | Calderwood & Harkness | Executed non-consolidation opinion | Closing Date | Incomplete | Draft dated 2022-10-05; never finalized
NPA-23 | §3.03(a) | Receipt of Closing Certificate from QIH and QPF | QIH / QPF (Nolan Whitford / Sandra Ling-Hwang) | Calderwood & Harkness | Executed Closing Certificate — QIH / QPF | Closing Date | Incomplete | Draft dated 2022-10-12; certifies reps/warranties, no MAE, no event of default; never executed
NPA-24 | §3.03(b) | Receipt of Officer's Certificate from QRF 2022-1 | QRF 2022-1 | Calderwood & Harkness | Executed Officer's Certificate — QRF 2022-1 | Closing Date | Incomplete | Draft dated 2022-10-12; certifies issuer representations and due authorization; never executed
NPA-25 | §3.03(c) | Receipt of Closing Certificate from Calvoneth Trust Company, N.A. | Calvoneth Trust (Gerald K. Fontaine) | Ashfield & Greer | Executed Closing Certificate — Calvoneth Trust | Closing Date | Incomplete | Draft dated 2022-10-12; certifies trustee acceptance and receipt of required documents; never executed
NPA-26 | §3.04(a) | Delivery of final Offering Memorandum | QRF 2022-1 / QIH / Ridgeline | Calderwood & Harkness / Calloway & Brandt | Final Offering Memorandum (executed) | Closing Date | Incomplete | Preliminary OM (v3) dated 2022-10-12; final never produced
NPA-27 | §3.04(b) | Delivery of Pool Supplement (stratification tables) to Offering Memorandum | QRF 2022-1 / QPF | Calderwood & Harkness | Final Pool Supplement | Closing Date | Incomplete | Supplement dated 2022-10-12 based on cut-off date 2022-06-30 pool data
NPA-28 | §3.05(a) | Receipt of Meridian Ledger LLP comfort letter | Meridian Ledger LLP (Robert Falcone) | Calderwood & Harkness | Comfort letter — agreed-upon procedures | Closing Date | Incomplete | Not yet requested from Meridian Ledger
NPA-29 | §3.05(b) | Receipt of Veristead Analytics LLC verification report (tape reconciliation) | Veristead Analytics LLC (Katharine Drummond) | Calderwood & Harkness | Third-party verification report | Closing Date | Incomplete | Veristead engaged; stratification and tape reconciliation not finalized
NPA-30 | §3.06 | No material adverse change in condition (financial or otherwise) of QIH, QPF, or the receivables pool since cut-off date | QIH / QPF | Calderwood & Harkness | Bring-down certificate / officer confirmation | Closing Date | Incomplete | Cut-off date: June 30, 2022; initial pool balance $612,000,000
NPA-31 | §3.07 | Representations and warranties of Issuer and Sponsor true and correct in all material respects as of closing date | QRF 2022-1 / QIH | Calderwood & Harkness | Covered by Closing Certificate (NPA-23, NPA-24) | Closing Date | Incomplete
NPA-32 | §3.08 | No event of default or early amortization event has occurred and is continuing | QRF 2022-1 / QPF | Calderwood & Harkness | Covered by Closing Certificate | Closing Date | Incomplete | Triggers: 3-mo avg net loss >2.00%; 60+ day delinquency >3.50%; pool balance <$450M
NPA-33 | §3.09 | Payment of placement fees to Ridgeline Capital Markets LLC | QIH | Calderwood & Harkness / Calloway & Brandt | Wire confirmation | Closing Date | Incomplete | Total placement fees: $1,672,500 (Class A $1,125,000 + Class B $337,500 + Class C $210,000)
SUMMARY | Total CPs: 33 | Complete: 0 | Incomplete: 33 | % Complete: 0% | Transaction shelved 2022-11-14
[sheet: CP Tracker — Indenture]
CP No. | Indenture Section Ref. | Condition Precedent Description | Responsible Party | Responsible Counsel | Required Deliverable | Target Date | Status | Notes / Comments
IND-01 | §2.03(a) | Delivery of executed Indenture to Calvoneth Trust | QRF 2022-1 | Calderwood & Harkness | Executed Indenture | Closing Date | Incomplete | Execution draft v4 dated 2022-10-12
IND-02 | §2.03(b) | Delivery of Issuer Order directing authentication and delivery of Notes | QRF 2022-1 | Calderwood & Harkness | Issuer Order | Closing Date | Incomplete
IND-03 | §2.03(c) | Delivery of Secretary's Certificate (QIH Board Resolutions) authorizing the transaction | QIH | Calderwood & Harkness | Secretary's Certificate dated 2022-07-27 | Closing Date | Incomplete | Certifies board authorization of $500M ABS issuance; authorized signatories: Marcus Devereaux, Priya Raghavan, Nolan Whitford
IND-04 | §2.03(d) | Delivery of Manager's Certificate (QPF Authorizing Resolutions) | QPF (Sandra Ling-Hwang) | Calderwood & Harkness | Manager's Certificate dated 2022-07-27 | Closing Date | Incomplete | Authorizes QPF to enter Receivables Sale Agreement and Servicing Agreement
IND-05 | §2.03(e) | Delivery of LLC Agreement of QRF 2022-1 (certified copy) | QRF 2022-1 | Calderwood & Harkness | Certified copy of LLC Agreement | Closing Date | Incomplete | Sole member: QRH; Independent Manager: Timothy R. Callan (Fortbridge)
IND-06 | §2.03(f) | Delivery of LLC Agreement of QRH (certified copy) | QRH | Calderwood & Harkness | Certified copy of LLC Agreement | Closing Date | Incomplete | Sole member: QPF; Independent Manager: Eleanor M. Vasquez (Fortbridge)
IND-07 | §2.03(g) | Delivery of Certificate of Formation of QRF 2022-1 (certified by DE SOS) | QRF 2022-1 | Calderwood & Harkness | Certified Certificate of Formation | Closing Date | Incomplete | Filed 2022-08-03; DE SOS File No. 7894231
IND-08 | §2.03(h) | Delivery of Certificate of Formation of QRH (certified by DE SOS) | QRH | Calderwood & Harkness | Certified Certificate of Formation | Closing Date | Incomplete | Filed 2022-08-03; DE SOS File No. 7894228
IND-09 | §2.03(i) | Delivery of good standing certificates for QRF 2022-1 and QRH from Delaware Secretary of State | QRF 2022-1 / QRH | Calderwood & Harkness | Good standing certificates (DE) | Closing Date | Incomplete | Must be dated within 5 business days of closing
IND-10 | §2.03(j) | Delivery of good standing certificate for QPF from Delaware Secretary of State | QPF | Calderwood & Harkness | Good standing certificate (DE) | Closing Date | Incomplete | QPF EIN: 84-2653198
IND-11 | §2.03(k) | Delivery of good standing certificate for QIH from Delaware Secretary of State | QIH | Calderwood & Harkness | Good standing certificate (DE) | Closing Date | Incomplete | QIH EIN: 82-4391067
IND-12 | §2.03(l) | Receipt of all legal opinions required under §3.02 of the Note Purchase Agreement | Calderwood & Harkness / Calloway & Brandt / Ashfield & Greer | All counsel | See NPA CP Tracker — NPA-13 through NPA-22 | Closing Date | Incomplete | Cross-reference to NPA opinion conditions; 10 opinions total; all in draft form only
IND-13 | §2.03(m) | Filing of UCC-1 Financing Statement: QPF (Debtor) / QRH (Secured Party) with DE SOS | QPF / QRH | Calderwood & Harkness | Filed UCC-1 + filing receipt | Closing Date | Incomplete | Draft prepared; never filed due to shelving
IND-14 | §2.03(n) | Filing of UCC-1 Financing Statement: QRH (Debtor) / QRF 2022-1 (Secured Party) with DE SOS | QRH / QRF 2022-1 | Calderwood & Harkness | Filed UCC-1 + filing receipt | Closing Date | Incomplete | Draft prepared; never filed due to shelving
IND-15 | §2.03(o) | Filing of UCC-1 Financing Statement: QRF 2022-1 (Debtor) / Calvoneth Trust (Secured Party) with DE SOS | QRF 2022-1 / Calvoneth Trust | Calderwood & Harkness / Ashfield & Greer | Filed UCC-1 + filing receipt | Closing Date | Incomplete | Draft prepared; never filed due to shelving; filing jurisdiction: Delaware Secretary of State
IND-16 | §2.03(p) | Confirmation of preliminary ratings from Brindoval Ratings Inc.: Class A — AAA(cr); Class B — A(cr); Class C — BBB(cr) | Brindoval Ratings (Andrew Petrosian) | Calderwood & Harkness | Written rating confirmation letter | Closing Date | Incomplete | Preliminary ratings issued 2022-08-22; final confirmation letter not received; Brindoval Engagement No. CR-SF-2022-08812
IND-17 | §2.03(q) | Confirmation of preliminary ratings from Pinnacle Rating Services LLC: Class A — Aaa(p); Class B — A1(p); Class C — Baa2(p) | Pinnacle Rating Services (Monica Sung) | Calderwood & Harkness | Written rating confirmation letter | Closing Date | Incomplete | Preliminary ratings issued 2022-08-29; final confirmation letter not received; Pinnacle Engagement No. PRS-2022-ABS-3347
IND-18 | §2.03(r) | Establishment of Collection Account, Payment Account, Reserve Account, and Liquidity Reserve Account at Calvoneth Trust | QRF 2022-1 / Calvoneth Trust (Gerald K. Fontaine) | Calderwood & Harkness / Ashfield & Greer | Account opening confirmation letters | Closing Date | Incomplete | Per Account Control Agreement; Calvoneth Trust as securities intermediary
IND-19 | §2.03(s) | Receipt of Independent Manager Agreements for QRF 2022-1 (Callan) and QRH (Vasquez) | Fortbridge Corporate Services LLC | Calderwood & Harkness | Executed Independent Manager Agreements | Closing Date | Incomplete | Agreements dated 2022-08-03; to be confirmed as in full force and effect at closing
IND-20 | §2.03(t) | Delivery of initial receivables schedule to Calvoneth Trust (as Custodian) as of cut-off date | QPF / QRF 2022-1 | Calderwood & Harkness | Receivables schedule (electronic file) | Closing Date | Incomplete | Cut-off date June 30, 2022; ~82,400 loans; initial pool balance $612,000,000
IND-21 | §2.03(u) | Execution and delivery of CUSIP assignment letters for each tranche | Ridgeline | Calloway & Brandt | CUSIP assignment confirmations | Closing Date | Incomplete | Preliminary CUSIPs: Class A — 74892TAA3; Class B — 74892TAB1; Class C — 74892TAC9 (placeholders; not finalized)
IND-22 | §2.03(v) | Delivery of Calloway & Brandt opinion (underwriter's counsel opinions) | Calloway & Brandt LLP (Harrison Collier) | Calloway & Brandt | Executed opinion letter | Closing Date | Incomplete | Not yet drafted
IND-23 | §2.03(w) | Delivery of Ashfield & Greer opinion (trustee's counsel opinion) | Ashfield & Greer LLP (Vivian Sato) | Ashfield & Greer | Executed opinion letter | Closing Date | Incomplete | Not yet drafted
SUMMARY | Total CPs: 23 | Complete: 0 | Incomplete: 23 | % Complete: 0% | Transaction shelved 2022-11-14
[sheet: Capital Structure Reference]
Tranche | Par Amount | % of Total | Preliminary Rating — Brindoval | Preliminary Rating — Pinnacle | Credit Enhancement | Credit Enhancement Amount | Coupon Guidance at Launch | Indicative Pricing Nov. 2 | Preliminary CUSIP
Class A Notes | $375,000,000 | 75.0% | AAA(cr) | Aaa(p) | 25.0% | $125,000,000 | SOFR + 125 bps | SOFR + 168 bps | 74892TAA3
Class B Notes | $75,000,000 | 15.0% | A(cr) | A1(p) | 10.0% | $50,000,000 | SOFR + 210 bps | SOFR + 285 bps | 74892TAB1
Class C Notes | $35,000,000 | 7.0% | BBB(cr) | Baa2(p) | 3.0% | $15,000,000 | SOFR + 375 bps | SOFR + 450 bps | 74892TAC9
Overcollateralization / Retained Interest | $15,000,000 | 3.0% | Unrated | Unrated | N/A | N/A | N/A | N/A | N/A
Total | $500,000,000 | 100.0%
[sheet: Summary & Status]
Category | Source Document | Total CPs | Complete | Incomplete | % Complete | Comments
Transaction Documents (Execution & Delivery) | NPA §3.01 / Indenture §2.03 | 12 | 0 | 12 | 0% | All execution drafts circulated 2022-10-12; none executed
Legal Opinions (Issuer's Counsel — Calderwood & Harkness) | NPA §3.02 | 10 | 0 | 10 | 0% | All opinions in draft form only (dated 2022-10-05 to 2022-10-10); none finalized
Legal Opinions (Underwriter's Counsel — Calloway & Brandt) | Indenture §2.03(v) | 1 | 0 | 1 | 0% | Not yet drafted
Legal Opinions (Trustee's Counsel — Ashfield & Greer) | Indenture §2.03(w) | 1 | 0 | 1 | 0% | Not yet drafted
UCC Filings | Indenture §2.03(m)-(o) | 3 | 0 | 3 | 0% | Drafts prepared; never filed with DE SOS due to shelving
Rating Confirmations | Indenture §2.03(p)-(q) | 2 | 0 | 2 | 0% | Preliminary ratings issued (Brindoval 2022-08-22; Pinnacle 2022-08-29); final confirmation letters not received
Officer / Closing Certificates | NPA §3.03 / Indenture §2.03 | 3 | 0 | 3 | 0% | Drafts dated 2022-10-12; never executed
Corporate / Formation Documents | Indenture §2.03(c)-(k) | 7 | 0 | 7 | 0% | Underlying docs exist; certified copies not yet assembled for closing
Third-Party Reports (Comfort Letter & Verification) | NPA §3.05 | 2 | 0 | 2 | 0% | Meridian Ledger comfort letter and Veristead verification report not finalized
Account Establishment & CUSIP | Indenture §2.03(r), (u) | 2 | 0 | 2 | 0% | Accounts not opened; CUSIPs remain preliminary placeholders
Other (MAC, Reps, No Default, Fees) | NPA §3.06-§3.09 | 4 | 0 | 4 | 0% | Includes bring-down, reps confirmation, no-default certification, placement fee payment ($1,672,500 total)
GRAND TOTAL | All | 47 | 0 | 47 | 0% | Transaction shelved 2022-11-14; all CPs remain unsatisfied; total sunk costs ~$2,555,000
[sheet: Key Contacts]
Organization | Role | Key Contact | Title | Address | Relevant CP Items
Quorum Insurance Holdings Corp. | Sponsor / Parent | Marcus Devereaux | CEO | 400 Atlantic Street, Suite 2200, Stamford, CT 06901 | Board resolutions; executive authorization
Quorum Insurance Holdings Corp. | Sponsor / Parent | Priya Raghavan | CFO | 400 Atlantic Street, Suite 2200, Stamford, CT 06901 | Financial oversight; closing certificates
Quorum Insurance Holdings Corp. | Sponsor / Parent — In-House Legal | Nolan Whitford | General Counsel | 400 Atlantic Street, Suite 2200, Stamford, CT 06901 | In-house legal lead; closing certificates
Quorum Insurance Holdings Corp. / Quorum Premium Finance LLC | Treasurer / QPF Manager | Sandra Ling-Hwang | Treasurer & Manager of QPF | 400 Atlantic Street, Suite 2200, Stamford, CT 06901 | QPF authorizing resolutions; receivables schedule delivery
Calderwood & Harkness LLP | Issuer's Counsel — Responsible Partner | Douglas Carmichael | Partner | 601 Lexington Avenue, New York, NY 10022 | All C&H opinions; overall CP coordination
Calderwood & Harkness LLP | Issuer's Counsel — Billing Partner | Francesca Morano | Partner | 601 Lexington Avenue, New York, NY 10022 | Billing; fee matters
Calderwood & Harkness LLP | Issuer's Counsel — Lead Associate | Yuki Nakamura | Associate | 601 Lexington Avenue, New York, NY 10022 | Document drafting; CP tracker maintenance
Calderwood & Harkness LLP | Issuer's Counsel — Working Associate | Carlos Espinoza | Associate | 601 Lexington Avenue, New York, NY 10022 | UCC filings; diligence deliverables
Calderwood & Harkness LLP | Issuer's Counsel — Tax Specialist | Sylvia Hartwell | Partner (Tax) | 601 Lexington Avenue, New York, NY 10022 | True sale opinions; tax characterization opinion
Ridgeline Capital Markets LLC | Structuring Agent / Lead Bookrunner | Julian Weatherstone | Head of ABS Origination | 383 Madison Avenue, 14th Floor, New York, NY 10179 | CUSIP assignment; placement fee payment; NPA execution
Ridgeline Capital Markets LLC | Insurance ABS Specialist | Rebecca Tran | Managing Director | 383 Madison Avenue, 14th Floor, New York, NY 10179 | Roadshow; pricing coordination
Calloway & Brandt LLP | Underwriter's Counsel | Harrison Collier | Partner | One Liberty Plaza, 165 Broadway, New York, NY 10006 | C&B opinion; NPA review
Calloway & Brandt LLP | Underwriter's Counsel — Working Attorney | Megan O'Shaughnessy | Senior Associate | One Liberty Plaza, 165 Broadway, New York, NY 10006 | C&B opinion drafting
Calvoneth Trust Company, N.A. | Indenture Trustee / Paying Agent / Securities Intermediary / Custodian | Gerald K. Fontaine | Senior Trust Officer | 600 Travis Street, Suite 5800, Houston, TX 77002 | Indenture execution; account establishment; trustee closing certificate; custodian agreement
Ashfield & Greer LLP | Trustee's Counsel | Vivian Sato | Partner | One Chase Manhattan Plaza, New York, NY 10005 | A&G opinion; trustee-side documents
Northvane Bank, N.A. | Back-Up Servicer / Liquidity Provider | Diane Coletti | Managing Director | 200 Vesey Street, New York, NY 10281 | Back-up servicing agreement; liquidity facility agreement execution
Fortbridge Corporate Services LLC | Independent Manager Provider (QRF 2022-1) | Timothy R. Callan | Independent Manager | 1209 Orange Street, Wilmington, DE 19801 | Independent manager agreement confirmation (QRF 2022-1)
Fortbridge Corporate Services LLC | Independent Manager Provider (QRH) | Eleanor M. Vasquez | Independent Manager | 1209 Orange Street, Wilmington, DE 19801 | Independent manager agreement confirmation (QRH)
Brindoval Ratings Inc. | Rating Agency | Andrew Petrosian | Lead Analyst | 55 Water Street, New York, NY 10041 | Final rating confirmation letter (AAA(cr) / A(cr) / BBB(cr))
Pinnacle Rating Services LLC | Rating Agency | Monica Sung | Lead Analyst | 7 World Trade Center, New York, NY 10007 | Final rating confirmation letter (Aaa(p) / A1(p) / Baa2(p))
Meridian Ledger LLP | Auditor | Robert Falcone | Engagement Partner | 1301 Avenue of the Americas, New York, NY 10019 | Comfort letter / agreed-upon procedures
Veristead Analytics LLC | Verification Agent | Katharine Drummond | Managing Director | 100 Summer Street, Suite 1500, Boston, MA 02110 | Stratification and tape reconciliation verification report
Ashgrove Services Inc. | Registered Agent (QRF 2022-1 / QRH) | N/A | N/A | 28 Liberty Street, New York, NY 10005 | Registered agent for SPVs

[sheet: Cover]

Record

Parties

Dates

Amounts