LendingClub Corporation (NYSE:LC) Files An 8-K Entry into a Material Definitive Agreement

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LendingClub Corporation (NYSE:LC) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

Entry into a Material Definitive Agreement

This Amendment No. 1 to Current Report on Form 8-K amends the Current Report on Form 8-K filed by LendingClub Corporation (the “Company”) on March2, 2016 (the “Original 8-K”). The Company is amending the Original 8-K for the sole purpose of revising the redacted copies of Exhibits 10.1 and 10.2 to the Original 8-K, for which the Company is seeking confidential treatment of certain portions to a Confidential Treatment Request submitted to the Securities and Exchange Commission (the “SEC”) to Rule 24b-2 under the Securities Exchange Act of 1934, as amended. Exhibit 10.1 and Exhibit 10.2 hereto supersede in their entirety Exhibit 10.1 and Exhibit 10.2, respectively, to the Original 8-K.

Except as stated herein, this Current Report on Form 8-K/A does not reflect events occurring after the filing of the Original 8-K on March2, 2016 and no attempt has been made in this Current Report on Form 8-K/A to modify or update the disclosure as presented in the Original 8-K. Accordingly, this Form 8-K/A should be read in conjunction with the Original 8-K and the Company’s filings with the SEC subsequent to the filing of the Original 8-K.

Item 9.01

Financial Statements and Exhibits

(d)

Exhibits

Exhibit Number

Exhibit Title or Description

10.1

Loan and Receivable Sale Agreement, dated February25, 2016, by and between the Company and WebBank*

10.2

Marketing and Program Management Agreement, dated February25, 2016, by and between the Company and WebBank*

* Confidential treatment has been requested for certain portions of this Exhibit. The omitted material has been filed separately with the Securities and Exchange Commission.

(S)


LendingClub Corp Exhibit
EX-10.1 2 ex101lcloanandrecagreement.htm EXHIBIT 10.1 Exhibit Exhibit 10.1Execution Copy Confidential Treatment RequestedConfidential Materials omitted and filed separately with theSecurities and Exchange Commission.Asterisks denote omissions.WEBBANKandLENDINGCLUB CORPORATIONLOAN AND RECEIVABLE SALE AGREEMENTDated as of February 25,…
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About LendingClub Corporation (NYSE:LC)

LendingClub Corporation (Lending Club) provides online marketplace to connect borrowers and investors. Consumers and small business owners borrow through Lending Club. Investors use Lending Club to earn risk-adjusted returns from an asset class that is only available on a limited basis to large institutional investors. Its technology automates aspects of operations, including the borrower application process, data gathering, credit decisioning and scoring, loan funding, investing and servicing, regulatory compliance and fraud detection. Its platform offers analytical tools and data to enable investors to make decisions and assess their portfolios. Its technology platform has allowed it to expand its offerings from personal loans to include small business loans, and to expand investor classes from individuals to institutions and create various investment vehicles. Its solution offers an online application process and provides borrowers with access to live support and online tools.