This Amendment No. 3 (the “Amendment”) to Senior Secured Promissory Note (the “Note”) is executed by China Rapid Finance Limited (“XRF”) in favor of True North Financial, LLC (“TNF”) and is effective as of February 12, 2020. This Amendment and the Note are issued pursuant to, and subject in all respects to, the terms of that certain Share Purchase Agreement (the “Purchase Agreement”), dated as December 24, 2019, by and between XRF and TNF. Capitalized terms used but not defined herein shall have the meaning set forth in the Note and Purchase Agreement.

1.Section 2 of the Note is hereby amended to delete the section in its entirety and substitute the following: “The entire unpaid principal amount (the “Obligations”) shall become fully due and payable on or before February 19, 2020 (the “Maturity Date”)”.

2.Such Maturity date will automatically be extended an additional five (5) working days upon the receipt of a letter from a bonafide investor or Financial Institution indicating that the all parties are working towards a closing of the funding

3.Except as amended hereby, the terms of the Note and the Purchase Agreement shall remain in full force and effect.

4.In return for this accommodation True North agrees that XRF has the right to assign True Norths shares and rights to a new party1 any time prior to funding. True North agrees that it will work with XRF to expedite the transfer.

5.If XRF exercises this right, it shall pay True North its reasonable third-part expenses relating to this transaction

6.Except as amended hereby, the terms of the Note and Purchase agreement shall remain in force and effect

By: /s/ Michael Jaliman

       Michael Jaliman,

       Managing Partner