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Entry into a Material Definitive

As previously disclosed on a Current Report on Form 8-K filed on September25, 2015, Progressive Finance Holdings, LLC (

Progressive

), a wholly owned subsidiary of Aarons, Inc.s (the

Company

), entered into an agreement on September21, 2015 to acquire all of the outstanding shares (the

DAMI Acquisition

) of Dent-A-Med, Inc. (

DAMI

) and its subsidiaries. On October15, 2015, the DAMI Acquisition was completed and DAMI became a wholly owned indirect subsidiary of the Company.

On September21, 2015, Dent-A-Med Inc. and HC Recovery, Inc., a wholly owned subsidiary of DAMI (

HC

and together with DAMI, the

Borrowers

) entered into that certain Eighth Amendment to Loan and Security Agreement, dated as of September21, 2015 (the

Eighth Amendment

), by a nd among the Borrowers, the lenders party thereto and Wells Fargo Preferred Capital, Inc., as agent for the lenders (

Wells Fargo

). The Eighth Amendment provides for, among other things, Wells Fargos consent to the DAMI Acquisition.

After giving effect to the Eighth Amendment together with all previous amendments, the Loan and Security Agreement, dated as of May18, 2011 (as so amended, the

Loan Agreement

) provides for a secured revolving credit facility (the

WF Credit Facility

) in an amount not to exceed $85,000,000 in outstanding principal balance with a letter of credit subfacility not to exceed $2,000,000. The WF...


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