Exhibit 10.16


 


Form of Letter Agreement, dated October 24,
2003, extending Multi Line Facility


 


THIS
IS AN IMPORTANT DOCUMENT WHICH, TOGETHER WITH THE ORIGINAL FACILITY LETTER,
SETS OUT THE TERMS AND CONDITIONS OF YOUR GROUP OVERDRAFT FACILITY.  PLEASE NOTE THAT OVERDRAFTS ARE REPAYABLE ON
DEMAND.  WE RECOMMEND THAT YOU TAKE
INDEPENDENT LEGAL ADVICE IF YOU HAVE ANY DOUBTS REGARDING THE TERMS AND
CONDITIONS OF THE FACILITY.


 


	
   

  	
   

  	
  

  
	
   

  	
   

  	
   

  
	
  Date: 24
  October, 2003

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Private
  & Confidential

  	
   

  	
   

  
	
  Dollar
  Financial UK Limited

  	
   

  	
  Corporate
  Banking, East Midlands

  
	
  Castlebridge
  Office Village

  	
   

  	
  Radford
  House

  
	
  9 Kirtley
  Drive

  	
   

  	
  Radford
  Boulevard

  
	
  Castle
  Marina

  	
   

  	
  Nottingham

  
	
  Nottingham

  	
   

  	
  NG7 5QG

  
	
  NG7 1LD

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Telephone:
  0115 900 2185

  



 


Dear Sirs


 


	
  Group Overdraft Facility

  	
   

  	
   

  
	
  Facility Limit: £0.00

  	
   

  	
   

  
	
  Gross Limit: £ 3,750,000

  	
   

  	
   

  
	
  Subsidiary(ies):

  	
   

  	
  Cash a
  Cheque (South) Ltd Company No. 

  
	
   

  	
   

  	
  Cash a
  Cheque Holdings Great Britain Limited Company No. 

  
	
   

  	
   

  	
  Cash a
  Cheque Great Britain Limited Company No. 

  
	
   

  	
   

  	
  Fastcash
  Limited Company No. 

  
	
   

  	
   

  	
  Instant Cash
  Loans Limited Company No. 

  
	
   

  	
   

  	
  Cash Centres
  Limited Company No. 

  
					



 


Facility
Accounts:


 


	
  Account Name

  	
   

  	
  Account

  Numbers

  	
   

  	
  Branch
  Details

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dollar
  Financial UK Limited

  	
   

  	
   

  	
   

  	
  at
  Nottingham City Office (sorting code 608009)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash a
  Cheque (South) Limited

  	
   

  	
   

  	
   

  	
  at Holborn
  Circus Branch (sorting code 560020)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash a
  Cheque Holdings Great Britain Limited

  	
   

  	
   

  	
   

  	
  at Holborn
  Circus Branch (sorting code 560020)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash a
  Cheque Great Britain Limited

  	
   

  	
   

  	
   

  	
  at Holborn
  Circus Branch (sorting code 560020)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Fastcash
  Limited

  	
   

  	
   

  	
   

  	
  at St Albans
  Office (sorting code 601811)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Instant Cash
  Loans Limited

  	
   

  	
   

  	
   

  	
  at
  Nottingham City Office (sorting code 608009)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Cash Centres
  Limited

  	
   

  	
   

  	
   

  	
  at
  Bournemouth Branch (sorting code 560035)

  



 


1.     Limit


 


I write to advise that The
Royal Bank of Scotland plc acting as agent for National Westminster Bank Plc
(the “Bank”) is agreeable to renewing the group overdraft facility on the
Facility Accounts at the revised limits detailed above for a further period
pending completion of the annual review.


 

















 


2.     Availability


 


(a)                                  The
facility will continue to be repayable upon demand in accordance with normal
banking practice.


 


(b)                                 Without
prejudice to its overriding right to call for repayment on demand, it is the
Bank’s present intention that the facility will be available until 01 December
2003. The facility will be reviewed on that date but may be extended by mutual
agreement.


 


The Bank will always give
notification of its intention to place a restriction on your ability to make
drawings on the facility.


 


You may at any time advise us
in writing that the facility is no longer required.


 


3.     Fee


 


No fee is payable on this
occasion.


 


4.     Miscellaneous


 


(a)                                  Except
as varied by this letter, the existing terms and conditions of the facility as
detailed in the Facility Letter dated 20 January 2003 will continue to apply.


 


(b)                                 The
terms and conditions of the facility will not be affected in any way by the
Facility Accounts being allocated another account number by the Bank or being
transferred to another branch, office or department of the Bank.


 


(c)                                  The
Bank’s agreement to the addition (or removal) of Facility Accounts to/from the
facility may be subject to these terms and conditions being suitably amended to
the Bank’s satisfaction


 


(d)                                 The
Bank may change any of the terms and conditions of the facility by giving at
least 30 days’ written notice to you.


 


We may, at our option, treat
continued usage of the facility as your acceptance (without amendment) of the
terms and conditions of this letter.


 


Please do not hesitate to
contact me if you require clarification of any of the overdraft terms and
conditions.


 


 


Yours faithfully


For and on behalf of


The Royal Bank of Scotland plc
acting as agent for National Westminster Bank Plc


 


 


	
   

  	
   

  
	
  David Fiddes

  
	
  Corporate
  Manager

  



 


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