EX-10.1



 EXHIBIT 10.1 
 SECOND AMENDMENT AGREEMENT 
 among 

QC HOLDINGS, INC., as Borrower 
 and 
 THE LENDERS THAT ARE PARTIES HERETO 

and 

U.S. BANK NATIONAL ASSOCIATION, as Agent and Arranger 
 MAY 15, 2013 







 SECOND AMENDMENT AGREEMENT 

This Second Amendment Agreement (this “Agreement”), is made and entered into as of May 15, 2013, by and between QC
HOLDINGS, INC., a Kansas corporation (the “Borrower”), the Lenders that are parties hereto (being hereinafter referred to individually as a “Lender” or collectively as the “Lenders”), and U. S. BANK NATIONAL
ASSOCIATION, in its capacity as Agent (the “Agent”). 
 RECITALS 

A. On September 30, 2011, the Borrower, the Lenders and the Agent entered into a Second Amended and Restated Credit Agreement (the “Credit
Agreement”) pursuant to which the Lenders agreed to make certain revolving and term credit facilities available to the Borrower, and in conjunction therewith, the Borrower executed (i) a Promissory Note (Revolving Loan) dated
September 30, 2011, payable to each Revolving Lender, (ii) a Promissory Note (Swingline Loan) dated September 30, 2011, payable to the Swingline Lender and (iii) a Promissory Note (Term Loan) dated September 30, 2011,
payable to each of the then Term Loan Lenders. The Borrower has previously repaid the Term Loans in full, and there are no further term loan commitments under the Credit Agreement. The Revolving Loan Notes and the Swingline Note referenced in this
Section A are collectively referred to herein as the “Notes”. 
 B. The repayment of the Notes is secured by certain assets of the
Borrower and its Subsidiaries referred to as the “Collateral” in the Credit Agreement, which is more particularly described in the Security Agreement, the Pledge Agreement and the Subsidiary Security Agreement (as each term is defined in
the Credit Agreement) (collectively, the “Security Instruments”). 
 C. The Borrower, the Lenders parties thereto, and the Agent have
previously entered into that certain First Amendment Agreement dated as of November 7, 2012, to amend certain terms and conditions of the Credit Agreement and to provide the consent of the Lenders to the sale of the Borrower’s loans
arising out of the auto loan finance business. 
 D. The Borrower acknowledges (i) the Lenders are presently the holders of the Notes,
(ii) the Borrower’s liability to pay the Notes according to their terms, and (iii) the Borrower’s obligation to maintain, perform and comply with the terms and conditions of the Loan Documents (as such term is defined in the
Credit Agreement). 
 E. The parties enter into this Agreement to amend certain terms and conditions of the Credit Agreement. 

F. Capitalized terms which are not defined herein shall have the meaning such terms are given in the Credit Agreement. 







 NOW THEREFORE, the Agent, the Lenders and the Borrower for good, sufficient and valuable
consideration, the receipt and sufficiency of which is hereby acknowledged, agree as follows: 
 1. Amendment to the Credit
Agreement. The Credit Agreement is hereby amended by deleting the provision contained in Section 7.02(a) and inserting the following provision in lieu thereof: 

(a) Consolidated EBITDA. Permit or suffer the Consolidated EBITDA, determined for the Borrower and its Subsidiaries
(i) as of the end of each fiscal quarter commencing with the fiscal quarter ending March 31, 2013 (for the twelve (12) month period then ending) of the Borrower through the fiscal quarter ending September 30, 2013 (for the twelve
month period then ending), to be less than $20,000,000.00, and (ii) as of the end of each fiscal quarter commencing with the fiscal quarter ending December 31, 2013 (for the twelve (12) month period then ending) of the Borrower and
thereafter, to be less than $23,000,000.00. 
 2. Conditions Precedent. It shall be a condition precedent to the
effectiveness of this Agreement that (i) all amounts due and payable under the Notes as of the execution date shall have been paid, (ii) no Event of Default shall exist under the Notes, the Credit Agreement, or any other Loan Document,
(iii) the Agent shall have received the consent of each Lender to the extent such consent is required pursuant to the Credit Agreement, (iv) the Borrower shall have paid an amendment fee to the Agent for the benefit of the approving
Lenders as required by a separate fee letter dated May             , 2013 between the Borrower and the Agent, and (v) the Agent and the Lenders shall have received such other items as
they may reasonably request. 
 3. Representations and Warranties. The Borrower hereby represents and warrants that
(i) it has the authority to enter into this Agreement and, upon execution by the Borrower, this Agreement shall be an enforceable obligation of the Borrower, (ii) all representations and warranties made by the Borrower in the Credit
Agreement and the other Loan Documents are true and correct as of the date of this Agreement, (iii) there have been no amendments or modifications to the Borrower’s organizational documents since such documents were certified and/or
delivered to the Lender in connection with the closing of the Loan, and (iv) no Default or Event of Default currently exists under the Loan Documents. 
 4. No Other Amendments. Except as expressly set forth herein, or necessary to incorporate the modifications and amendments herein, all the terms and conditions of the Notes, the Credit Agreement,
the Security Instruments, and the other Loan Documents shall remain unmodified and in full force and effect, and the Borrower confirms, reaffirms and ratifies all such documents and agrees to perform and comply with the terms and the conditions of
the Loan Documents, as amended herein. 
 5. No Impairment. Nothing in this Agreement shall be deemed to or shall in any
manner prejudice or impair the Loan Documents, or any security granted or held by the Lenders for the indebtedness evidenced by the Notes. 
 6. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns. 

7. Applicable Law. This Agreement shall be governed by and construed in accordance with the internal laws of the State of Kansas.


  
 2 








 8. Waiver of Claims and Defenses. The Borrower hereby waives and releases any and all
claims, defenses or rights of set-off, known or unknown, against the Agent or any Lender existing as of the execution date of this Agreement, which in any manner arise out of or relate to any Loan Document. 

9. Fees and Expenses. The Borrower agrees to pay and reimburse the Agent for all of its out-of-pocket costs and expenses incurred
in connection with the preparation, negotiation, execution, filing, enforcement and administration of this Agreement including, without limitation, the fees and expenses of counsel to the Agent. 

10. Counterparts. This Agreement may be executed in counterparts and when combined all such counterparts shall constitute one
agreement. 
 11. Waiver of Jury Trial. Any controversy or claim between or among the parties hereto arising out of or
relating to this Agreement shall be controlled by the provisions with respect to waiver of trial by jury contained in the Loan Documents previously delivered by such parties. 
 [REMAINDER OF PAGE INTENTIONALLY LEFT BLANK] 

  
 3 








 12. NO ORAL AGREEMENTS. THIS IS THE FINAL EXPRESSION OF THE CREDIT AGREEMENT
BETWEEN THE BORROWER, THE AGENT AND THE LENDERS AND SUCH WRITTEN CREDIT AGREEMENT MAY NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENT OR OF A CONTEMPORANEOUS ORAL CREDIT AGREEMENT BETWEEN THE BORROWER, THE AGENT AND LENDERS.

 ANY ADDITIONAL NON-STANDARD TERMS OF THE CREDIT AGREEMENT AND THE REDUCTION TO WRITING OF ANY PREVIOUS ORAL CREDIT
AGREEMENT BETWEEN THE BORROWER, THE AGENT AND LENDERS IS SET FORTH IN THE SPACE BELOW: 
 NONE 

BORROWER, THE AGENT AND LENDERS AFFIRM THAT NO UNWRITTEN ORAL CREDIT AGREEMENT BETWEEN THEM EXISTS. 

 

											
	Please initial	  	  
	  		  	  
	  		  	  

	 	  	Borrower	  	 	  	Agent	  	 	  	U.S. Bank
						
	 	  	  
	  	 	  	  
	  	 	  	  

	 	  	BOKF	  	 	  	Enterprise	  	 	  	First Tennessee
						
	 	  	  
	  	 	  	  
	  	 	  	 
	 	  	Pulaski	  	 	  	United	  	 	  	 

 [SIGNATURES APPEAR ON FOLLOWING PAGES] 

  
 4 








 IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have executed this Agreement as
of the day and year first above written. 
  

			
	AGENT:
	
	U.S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/Colleen S. Hayes
		 	Colleen S. Hayes
		 	Vice President



  
 S-1









 IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have executed this Agreement as
of the day and year first above written. 
  

			
	BORROWER:
	
	 QC HOLDINGS, INC.,

a Kansas corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	Douglas E. Nickerson
		 	Chief Financial Officer



  
 S-2









 IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have executed this Agreement as
of the day and year first above written. 
  

			
	LENDERS:
	
	U. S. BANK NATIONAL ASSOCIATION
		
	By:	 	/s/ Colleen S. Hayes
		 	  

		 	Colleen S. Hayes
		 	Vice President
	
	BOKF, N.A. d/b/a BANK OF KANSAS CITY
		
	By:	 	
		 	  

	Name:	 	
		 	  

	Title:	 	
		 	  

	
	ENTERPRISE BANK & TRUST
		
	By:	 	
		 	  

	Name:	 	
		 	  

	Title:	 	
		 	  

	
	FIRST TENNESSEE BANK NATIONAL ASSOCIATION
		
	By:	 	
		 	  

	Name:	 	
		 	  

	Title:	 	
		 	  

	
	PULASKI BANK
		
	By:	 	
		 	  

	Name:	 	
		 	  

	Title:	 	
		 	  




  
 S-3









 
			
	UNITED COMMUNITY BANK
		
	By:	 	 
	Name:	 	 
	Title:	 	 



  
 S-4









 ACKNOWLEDGMENT AND AGREEMENT OF GUARANTORS/PLEDGORS 

Each of the undersigned guarantors and/or pledgors of collateral with respect to the obligations of the Borrower to the Agent and the
Lenders hereby (i) acknowledge and consent to the terms of the foregoing Second Amendment Agreement, (ii) represents and warrants to the Agent and the Lenders that there exists no default or event of default under any document delivered by
it to the Agent or the Lenders with respect to the Loans and (iii) reaffirms and ratifies the full force and effect of any guaranty agreement, security instrument or pledge agreement delivered by it in connection with the Loans. 

 

			
	QC Financial Services, Inc.,
	a Missouri corporation
		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	 QC Properties, LLC,

a Kansas limited liability company

		
	By:	 	/s/ Darrin J. Andersen
		 	  

		 	Darrin J. Andersen
		 	Manager
	
	 QC Financial Services of California, Inc.,
 a California corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	 QC Financial Services of Texas, Inc.,
 a Kansas corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer



  
 S-5









 
			
	QC Advance, Inc.,
	a Missouri corporation
		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	 Cash Title Loans, Inc.,
 a Missouri corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	 Express Check Advance of South Carolina, LLC,
 a Tennessee limited liability company

		
	By:	 	/s/ Darrin J. Andersen
		 	  

		 	Darrin J. Anderson
		 	Manager
	
	 QC Auto Services, Inc.,
 a Kansas corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	 QC Loan Services, Inc.,
 a Kansas corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	 QC E-Services, Inc.,

a Kansas corporation

		
	By:	 	/s/ Douglas E. Nickerson
		 	  

		 	Douglas E. Nickerson
		 	Chief Financial Officer



  
 S-6