Document:

exv10w1

Exhibit 10.1

PURCHASE AND SALE AGREEMENT

     THIS PURCHASE AND SALE AGREEMENT (the “Agreement”) is made and as of this 8th day
of September, 2011 by and between Whitney Exploration, LLC, a Louisiana limited liability company
(“Seller”), Mr. Stephen J. Williams, a resident of the State of Louisiana and sole member of Seller
(“Williams”), on the one hand, and McMoRan Oil & Gas LLC, a Delaware limited liability company
(“Buyer”), on the other hand. McMoRan Exploration Co., a Delaware corporation and the corporate
parent of Buyer (“MMR”), has joined as a party to this Agreement in connection with its undertaking
to issue shares of MMR common stock to Seller as part of the consideration for the transaction
described herein, including to make certain representations in connection with such issuance.

RECITALS

     WHEREAS, Buyer and Seller are parties to that certain letter agreement dated May 1, 2009,
which letter agreement has been amended on two subsequent occasions (as so amended, the “Letter
Agreement”), pursuant to which Seller agreed to provide funds to Buyer in exchange for Buyer’s
grant of certain rights and interests with respect to four prospects specified in the Letter
Agreement and with respect to two subsequently identified and agreed prospects (collectively, the
"Subject Properties”); and

     WHEREAS, Seller has acquired under the Letter Agreement certain Interests (as defined herein)
with respect to the Subject Properties; and

     WHEREAS, Seller desires to sell, and Buyer desires to purchase, all of Seller’s Interests (as
defined herein) on the terms and conditions hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and of the mutual promises, representations,
warranties, covenants, conditions and agreements contained herein, and for other valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the Parties agree as
follows:

ARTICLE 1

PURCHASE AND SALE

     1.1 Purchase and Sale. Subject to the terms and conditions set forth in this Agreement,
Seller agrees to sell to Buyer, and Buyer agrees to purchase from Seller, the Interests (as defined
below) free and clear of all liens, security interests and encumbrances.

     1.2 Certain Definitions. As used herein:

          (a) “Governmental Authority” means any federal, state, local or foreign government and/or any
political subdivision thereof, including departments, courts, commissions, boards, bureaus,
ministries, agencies or other instrumentalities, including the MMS and the Louisiana Department of
Natural Resources.

 

 

          (b) “Interests” means any and all rights, title or interests in or to the Subject Properties
that Seller or Williams has or may have acquired under or by reason of the Letter Agreement
(whether by assignment by the Buyer or otherwise), including, without limitation, any rights, title
or interests in the Subject Properties (i) that Seller owns; (ii) that are held on behalf of
Seller, including beneficial interests; (iii) pursuant to which Seller has made or committed to
make a financial contribution; or (iv) that vest Seller with the right to participate in
exploration and development. The term Interests also includes, without limitation, any and all
property rights, contract rights, participation rights, rights to proceeds, rights with respect to
advance billings, rights to work-in-process or tangible assets procured in connection with the
drilling, exploration, completion, and development activities on the Subject Properties, rights in
operating agreements and any other agreements respecting the Subject Properties and/or the sale of
production realized therefrom, any and all claims related to the Subject Properties, any facilities
on, related to, or servicing the Subject Properties (including wells, platforms, platform
equipment, and pipelines), and any and all other rights that Buyer assigned to Seller, or Seller
acquired, under the Letter Agreement.

          (c) “Laws” means all laws, statutes, rules, regulations, ordinances, orders, decrees,
requirements, judgments and codes of Governmental Authorities.

          (d) “MMS” means the Bureau of Ocean Energy Management, Regulation and Enforcement, formerly
known as the Minerals Management Service, Department of Labor, United States of America, and any
successor thereto.

          (e) “Person” means any individual, corporation, partnership, limited liability company, trust,
estate, Governmental Authority or any other entity.

          (f) “Securities Act” means the Securities Act of 1933, as amended.

          (g) “Subject Properties” has the meaning ascribed to it in the recitals and shall include, but
not be limited to those properties described in Exhibit A hereto.

ARTICLE 2

PURCHASE PRICE

     2.1 Purchase Price. As consideration for its acquisition of the Interests, at the Closing
Buyer shall (i) pay to Seller cash in the amount of Ten Million Dollars ($10,000,000), (ii)
deliver to Seller 2,835,158 shares of MMR common stock (the “Shares”) in the name of Seller (the
Shares and cash together being the “Purchase Price”) and (iii) assume any past or future payment or
reimbursement obligations of Seller under the Letter Agreement (or, to the extent such obligations
are owed by Seller to Buyer, to release Seller from such payment or reimbursement obligations).

ARTICLE 3

REPRESENTATIONS AND WARRANTIES

     3.1 Seller Representations. Seller as to itself, and Williams on his own behalf and on behalf
of Seller, represent and warrant to Buyer that:

 

 

          (a) Existence and Qualification. Seller is a limited liability company organized,
existing and in good standing under the laws of the State of Louisiana and is duly qualified to do
business in, and is in good standing under, the laws of each jurisdiction where it conducts
business. Seller has all necessary qualifications under applicable laws and regulations to own the
Interests.

          (b) Authority and Power. Seller has the full legal authority and power to carry on
its business as presently conducted, and each of Seller and Williams have the full legal power and
authority to enter into this Agreement and to perform their respective obligations under this
Agreement and the transactions contemplated hereby.

          (c) Sole Member. Williams is the sole member of Seller and Seller has never had any
other members.

          (d) Authorization, Enforceability and No Conflicts. The execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby (i) have
been duly and validly authorized by all necessary action on the part of Seller and (ii) do not, and
the consummation of the transactions contemplated by this Agreement will not, violate or be in
conflict with Seller’s articles of organization or operating agreement. The execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby will not
violate or be in conflict with any agreement, instrument, judgment, order, decree, law or
regulation by which Seller or Williams is bound or to which the Interests are subject. This
Agreement constitutes a valid and binding obligation of each of Seller and Williams and is
enforceable according to its terms.

          (e) Brokers’ Fees. Neither Seller nor Williams has incurred any obligation or
liability, contingent or otherwise, for brokers’ or finders’ fees related to the transactions
contemplated by this Agreement for which Buyer may be liable.

          (f) Litigation. There are no actions, lawsuits or proceedings before any court,
tribunal or governmental authority that are pending or, to the knowledge of Seller or Whitney,
threatened against Seller that could be reasonably expected to (i) affect or burden the Interests
in any material respect or (ii) adversely affect the ability of Seller or Williams to execute and
deliver this Agreement or consummate the transactions contemplated hereby. There are no bankruptcy
or reorganization proceedings pending or threatened against Seller or Williams.

          (g) No Encumbrances. Neither Seller nor Williams has taken any action, or permitted
knowingly any action to be taken, that has subjected the Interests to any liens, security interests
or encumbrances, and such Interests are held by Seller and are being conveyed to Buyer free and
clear of any liens, security interests and encumbrances.

          (h) No Transfers. Neither Seller nor Williams has conveyed, sold, transferred or
assigned to any third party any of the Interests acquired by either of them under the Letter
Agreement.

          (i) Consents, Approvals and Waivers. None of the Interests are subject to any
restrictions on assignment or any preferential rights to purchase, nor does the assignment or
transfer thereof require the consent of any third party. The execution, delivery and performance

 

 

of this Agreement by Seller is not subject to any consent, approval or waiver from any
Governmental Authority or other Person.

          (j) Investment Intent. (i) Seller is acquiring the Shares for its own account and not
with a view to their distribution, within the meaning of Section 2(11) of the Securities Act, in
violation of the Securities Act (except for any distribution of the Shares by Seller to Williams in
connection with a liquidating distribution, in which case Seller shall procure an undertaking from
Williams agreeing to be bound by the restrictions on transfer stated herein).

               (ii) Seller understands that (A) the Shares (x) have not been registered under the Securities
Act or any state securities Laws, (y) will be issued in reliance upon an exemption from the
registration and prospectus delivery requirements of the Securities Act pursuant to Regulation D
thereof or another available exemption and (z) will be issued in reliance upon exemptions from the
registration and prospectus delivery requirements of state securities Laws which relate to private
offerings, and (B) Seller must bear the economic risk of such investment indefinitely unless a
subsequent disposition by Seller thereof is made in conformity with federal and state securities
laws.

               (iii) Each of Williams and Seller (through Williams as its sole member) is an “accredited
investor” as defined in Regulation D under the Securities Act and by reason of its business and
financial experience it has such knowledge, sophistication and experience in making similar
investments and in business and financial matters generally so as to be capable of evaluating the
merits and risks of the prospective investment in the MMR Shares and Seller is able to bear the
economic risk of such investment.

     3.2 Buyer Representations. Buyer represents and warrants to Seller as follows:

          (a) Existence and Qualification. Buyer is a limited liability company organized,
existing and in good standing under the laws of the State of Delaware. Buyer is qualified under
applicable law and regulation to own the Interests and, in particular, Buyer is qualified to do
business and is in good standing in each of the jurisdictions where it conducts its business.

          (c) Authority and Power. Buyer has the authority and power to carry on its business
as presently conducted, to enter into this Agreement and to perform its obligations under this
Agreement and the transactions contemplated hereby.

          (d) Authorization, Enforceability and No Conflicts. The execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby (i) have
been duly and validly authorized by all necessary action on the part of Buyer and (ii) do not, and
the consummation of the transactions contemplated by this Agreement will not, violate or be in
conflict with Buyer’s certificate of formation or limited liability company agreement or any
agreement, instrument, judgment, order, decree, law or regulation by which Buyer is bound. This
Agreement constitutes a valid and binding obligation of Buyer enforceable according to its terms.

 

 

          (e) Brokers’ Fees. Buyer has incurred no obligation or liability, contingent or
otherwise, for brokers’ or finders’ fees related to the transactions contemplated by this Agreement
for which Seller may be liable.

          (f) Litigation. There are no pending suits, actions or other proceedings in which
Buyer is a party (or which have been threatened to be instituted against Buyer) which affect the
execution and delivery of this Agreement or the consummation of the transactions contemplated
hereby.

          (g) Consents, Approvals and Waivers. The execution, delivery and performance of this
Agreement by Buyer will not be subject to any consent, approval or waiver from any Governmental
Authority or other Person.

     3.3 MMR Representations.

          (a) Existence and Qualification. MMR is a corporation organized, existing and in
good standing under the laws of the State of Delaware. MMR is qualified to do business and is in
good standing in each of the jurisdictions where it conducts its business.

          (c) Authorization, Enforceability and No Conflicts. The execution, delivery and
performance of this Agreement and the consummation of the transactions contemplated hereby (i) have
been duly and validly authorized by all necessary action on the part of MMR and (ii) do not, and
the consummation of the transactions contemplated by this Agreement will not, violate or be in
conflict with MMR’s certificate of incorporation or bylaws or any agreement, instrument, judgment,
order, decree, law or regulation by which MMR is bound. This Agreement constitutes a valid and
binding obligation of MMR enforceable according to its terms.

          (d) Shares. The Shares will be duly and validly authorized and issued and will be
fully paid and non-assessable upon the issuance thereof and will not be subject to any preemptive
or similar rights.

ARTICLE 4

CLOSING

     4.1 Closing. The closing of the transaction contemplated by this Agreement (the “Closing”)
shall take place at the offices of Buyer, 1615 Poydras Street, New Orleans, Louisiana 70112 on the
date this Agreement is executed and delivered.

     4.2 Obligations of Seller at Closing. At the Closing, upon the terms and subject to the
conditions of this Agreement, and subject to the simultaneous performance by Purchaser of its
obligations pursuant to Section 4.3, Seller shall deliver or cause to be delivered to
Purchaser the following:

          (a) an executed copy of the Assignment, in substantially the form attached hereto as
Exhibit B, pursuant to which the Seller and Williams sell, convey and assign all the
Interests to Buyer (the “Assignment”);

 

 

          (b) evidence of releases of all, if any, liens, security interests and encumbrances affecting
the Interests;

          (c) a receipt evidencing the delivery of the Shares; and

          (d) an executed copy of the Registration Rights Agreement, in substantially the form attached
hereto as Exhibit C.

     4.3 Obligations of Purchaser at Closing. At the Closing, upon the terms and subject to the
conditions of this Agreement, and subject to the simultaneous performance by Seller of its
obligations pursuant to Section 4.2, Buyer shall deliver or cause to be delivered to
Seller, the following:

          (a) the cash portion of the Purchase Price in same-day funds to Seller by direct bank or wire
transfer to an account directed by Seller;

          (b) an executed copy of the Assignment;

          (c) certificates representing the Shares to Seller; provided, that, at Seller’s request, in
lieu of delivery of physical certificates, Buyer and MMR agree that MMR’s transfer agent shall be
instructed to electronically transmit the Shares to Seller by crediting the account of the Seller’s
prime broker with the Depository Trust Company (“DTC”) through the Deposit Withdrawal Agent
Commission system of DTC;

          (d) an executed copy of the Registration Rights Agreement in substantially the form attached
hereto as Exhibit B.

     4.4 Obligations of Seller. Upon the Closing, Seller shall not have any liabilities or
obligations under the Letter Agreement or with respect to the Subject Properties, including but not
limited to any amounts billed to Seller but not paid, amounts incurred but not billed and all
future costs associates with the Interests.

ARTICLE 5

INDEMNIFICATION

     5.1 Survival. The representations, warranties, covenants and agreements of or by Seller and
Buyer shall survive the Closing.

     5.2 Indemnification.

          (a) From and after Closing, Seller and Williams, jointly and severally, shall protect, defend,
indemnify and hold Buyer harmless from and against any and all damages, claims, losses, demands,
fines, penalties, judgments (including interest), costs, expenses and liabilities (direct,
contingent or otherwise) including consulting and attorneys’ fees and costs of court (“Damages”)
incurred or suffered by Buyer caused by or arising out of or resulting from (i) a breach by Seller
or Williams of any of the representations or warranties made by Seller and Williams contained in
Section 3.1, or (ii) any actions or omissions by Seller or Williams at any

 

 

time prior to the Closing that relate in any material way to the Subject Properties or the
Interests owned by Seller and being conveyed to Buyer.

          (b) From and after Closing, Buyer shall protect, defend, indemnify and hold Seller and
Williams harmless from and against any and all Damages incurred or suffered by Seller or Williams
caused by or arising out of or resulting from Buyer’s breach of any of the representations or
warranties made by Buyer contained in Section 3.2 or for any actions or omissions by Buyer
or MMR at any time prior to the Closing that relate in any material way to the Subject Properties
or the Interests owned by Seller and being conveyed to Buyer.

     5.3 Claims. All claims for indemnification under Section 5.2 shall be asserted and
resolved pursuant to this Section 5.3. Any person claiming under Section 5.2 is
hereinafter referred to as the “Indemnified Party” and any person against whom such claims are
asserted hereunder is hereinafter referred to as the “Indemnifying Party.” If any Damages are
asserted against or sought to be collected from an Indemnified Party by a third person, said
Indemnified Party shall with reasonable promptness provide to the Indemnifying Party a written
notice of claim specifying in reasonable detail the specific nature of and specific basis of the
Damages and the estimated amount of such Damages (“Claim Notice”). Notwithstanding the preceding
sentence, failure of the Indemnified Party to give notice hereunder shall not release the
Indemnifying Party from its obligations under Section 5.2, except to the extent the
Indemnifying Party is actually prejudiced by such failure to give notice. The Indemnifying Party
shall have 30 days from the personal delivery or receipt of the Claim Notice (the “Notice Period”)
to notify the Indemnified Party (a) whether or not it disputes the liability of the Indemnifying
Party to the Indemnified Party hereunder with respect to such Damages and (b) whether or not it
desires, at the sole cost and expense of the Indemnifying Party, to defend the Indemnified Party
against such Damages; provided, however, that any Indemnified Party is hereby authorized prior to
and during the Notice Period to file any motion, answer or other pleading that it deems necessary
or appropriate to protect its interests or those of the Indemnifying Party (and of which it shall
have given notice and opportunity to comment to the Indemnifying Party) and not prejudicial to the
Indemnifying Party. If the Indemnifying Party notifies the Indemnified Party within the Notice
Period that it desires to defend the Indemnified Party against such Damages, the Indemnifying Party
shall have the right to defend all appropriate proceedings, and with counsel of its own choosing,
which proceedings shall be promptly settled or prosecuted by them to a final conclusion. If the
Indemnified Party desires to participate in, but not control, any such defense or settlement it may
do so at its sole cost and expense. If requested by the Indemnifying Party, the Indemnified Party
agrees to cooperate with the Indemnifying Party and its counsel in contesting any Damages that the
Indemnifying Party elects to contest. No claim may be settled or otherwise compromised without the
prior written consent of the Indemnifying Party.

ARTICLE 6

MISCELLANEOUS

     6.1 Notices. All notices required or permitted under this Agreement shall be effective upon
receipt if personally delivered, if mailed by registered or certified mail, postage prepaid, or if
delivered by telegram, telecopy, facsimile or other electronic transmission if directed to the
Parties as follows:

 

 

To Buyer and/or MMR:

1615 Poydras Street

New Orleans, Louisiana 70112

Attention: John Amato, General Counsel

Fax: 504-582-1603

To Seller:

P.O. Box 440

LaRose, Louisiana 70373

Attention: Stephen J. Williams

Fax: 985-325-7063

or

if to Seller via Fed Ex, to the following street address:

16210 West Main Street

Cut Off, Louisiana 70345

Any party may give written notice of a change in the address or individual to whom delivery shall
be made.

     6.2 Expenses. Except as otherwise provided in this Agreement, all fees, costs and expenses
incurred by the Parties in negotiating this Agreement or in consummating the transactions
contemplated by this Agreement shall be paid by the Party incurring them.

     6.3 Amendment. This Agreement may not be altered or amended, nor any rights waived, except by
a written instrument executed by the Party to be charged with the amendment or waiver. No waiver of
any provision of this Agreement shall be construed as a continuing waiver of the provision.

     6.4 Headings. The headings are for convenience only and do not limit or otherwise affect the
provisions of this Agreement.

     6.5 Counterparts. This Agreement may be executed in counterparts, each of which shall be an
original and which, taken together, shall constitute the same instrument.

     6.6 Rules of Construction. Unless the context otherwise requires, as used in this Agreement
(a) a term has the meaning ascribed to it; (b) “or” is not exclusive; (c) “including” means
“including, without limitation;” (d) words in the singular include the plural; (e) words in the
plural include the singular; (f) words applicable to one gender shall be construed to apply to each
gender; (g) the terms “hereof,” “herein,” “hereby,” “hereto,” and derivative or similar words refer
to this entire Agreement; (h) the terms “Article” or “Section” shall refer to the specified Article
or Section of this Agreement; and (i) the descriptive headings contained in this

 

 

Agreement are included for convenience of reference only and shall not affect in any way the
meaning or interpretation of this Agreement.

     6.7 Governing Law. This Agreement and the transactions contemplated by this Agreement shall
be governed and construed in accordance with the internal laws of the State of Louisiana without
giving effect to any principles of conflicts of laws.

     6.8 Waiver of Jury Trial. THE PARTIES HEREBY ACKNOWLEDGE THAT THEY HAVE BEEN REPRESENTED BY
AND HAVE CONSULTED WITH COUNSEL OF THEIR CHOICE, AND HEREBY KNOWINGLY, VOLUNTARILY, INTENTIONALLY,
AND IRREVOCABLY WAIVE ANY AND ALL RIGHT TO TRIAL BY JURY IN RESPECT OF ANY LEGAL PROCEEDING ARISING
OUT OF OR RELATING TO THIS AGREEMENT, THE TRANSACTION DOCUMENTS, ANY OTHER DOCUMENT EXECUTED IN
CONNECTION HEREWITH, OR ANY OF THE TRANSACTIONS CONTEMPLATED HEREBY OR THEREBY.

     6.9 Entire Agreement. This Agreement is the entire understanding between Seller and Buyer
concerning the subject matter of this Agreement. This Agreement supersedes all negotiations,
discussions, representations, prior agreements and understandings, whether oral or written.

     6.10 Severance. If any provision of this Agreement is found to be illegal or unenforceable,
the other terms of this Agreement shall remain in effect and this Agreement shall be construed as
if the illegal or unenforceable provision had not been included.

     6.11 Third Party Beneficiaries. Nothing in this Agreement shall entitle any Person other than
the parties hereto to any claim, cause of action, remedy or right of any kind.

[Next page is the signature page]

 

 

     IN WITNESS WHEREOF, this Agreement has been signed by each of the Parties as of the date first
above written.

	 	 	 	 	 
	 	Seller:

WHITNEY EXPLORATION, LLC

 	 
	 	By:  	/s/ Stephen J. Williams 	 
	 	 	Name:  	Stephen J. Williams 	 
	 	 	Title:  	Sole Member 	 
	 
	 	 	 	 	 
	 	Williams:

 	 
	 	/s/ Stephen J. Williams 	 
	 	Stephen J. Williams 	 
	 	 	 	 
	 	 	 	 	 
	 	Buyer:

MCMORAN OIL & GAS LLC

 	 
	 	By:  	/s/ Nancy D. Parmelee 	 
	 	 	Name:  	Nancy D. Parmelee 	 
	 	 	Title:  	Chief Financial Officer and Secretary 	 
	 
	 	 	 	 	 
	 	MMR:

MCMORAN EXPLORATION CO.

 	 
	 	By:  	/s/ Nancy D. Parmelee 	 
	 	 	Name:  	Nancy D. Parmelee 	 
	 	 	Title:  	Senior Vice President, Chief Financial Officer
and Secretaryexv10w1

Exhibit 10.1

EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (“Agreement”) is made and entered into as of September 7, 2011,
by and among Dollar Financial Group, Inc., a New York corporation (together with its successors and
assigns, “DFG”), DFC Global Corp., a Delaware corporation (together with its successors and
assigns, “DFC,” and together with DFG, the “Company”) and Jeffrey A. Weiss (the “Executive”) (the
Company and the Executive, each a “Party” and collectively, the “Parties”).

     WHEREAS, the Company and the Executive are parties to a certain amended employment agreement
dated as of October 30, 2009 (the “Prior Agreement”); and

     WHEREAS, the Company desires to continue to employ the Executive, and the Executive desires to
accept employment by the Company upon the terms and conditions hereinafter set forth.

     NOW, THEREFORE, in consideration of the premises and the mutual covenants hereinafter set
forth, and intending to be legally bound hereby, the parties hereby agree as follows:

     1. Representations and Warranties. The Executive represents and warrants to the Company that
the Executive is not bound by any restrictive covenants with any entity other than the Company or
its affiliates which would in any way prevent the Executive’s acceptance of continued employment
hereunder. Both DFG and DFC each represent and warrant to the Executive that (a) the execution,
delivery and performance of this Agreement by it has been fully and validly authorized by all
necessary corporate action, (b) the officer signing this Agreement on its behalf is duly authorized
to do so, (c) the execution, delivery and performance of this Agreement does not violate any
applicable law, regulation, order, judgment or decree or any agreement, plan or corporate
governance document to which it is a party or by which it is bound and (d) upon execution and
delivery of this Agreement by the Parties, it shall be a valid and binding obligation of DFG or
DFC, as the case may be, enforceable against it in accordance with its terms, except to the extent
that enforceability may be limited by applicable bankruptcy, insolvency or similar laws affecting
the enforcement of creditors’ rights generally.

     2. Term of Employment. The Company will continue to employ the Executive and the Executive
accepts continued employment by the Company on the terms and conditions herein contained for a
period (the “Employment Period”) provided in Section 5.

     3. Duties and Functions.

          (a) During the Employment Period, the Executive shall be employed as Chief Executive Officer
of both DFG and DFC. The Executive will report solely and directly to the Boards of Directors of
DFG and DFC, respectively. The Company will use its commercially reasonable efforts, subject to
stockholder vote, to nominate the Executive to the boards of directors of both DFG and DFC (each,
as applicable, the “Board”) for so long as he is employed by DFG and DFC in the capacity of Chief
Executive Officer.

 

 

          (b) During the Employment Period, the Executive shall have all authorities, duties and
responsibilities customarily exercised by an individual serving as Chief Executive Officer of DFG
and/or DFC in a corporation the size and nature of the Company and shall be assigned no duties or
responsibilities that are materially inconsistent with, or that materially impair his ability to
discharge, the foregoing duties and responsibilities.

          (c) During the Employment Period, the Executive will devote substantially all of his time and
efforts to the business of the Company and will not engage in consulting work or any trade or
business for his own account, or for or on behalf of any other person, firm or corporation, that
competes, conflicts or interferes with the performance of his duties hereunder. The Executive may
continue to serve as a director of Cloverdale Press Inc., serve as a director of other for-profit
corporations with the consent of the Board (which consent shall not be unreasonably withheld),
engage in educational, charitable and/or civic activities, including service as a board member or
an advisor, engage in public speaking and manage his family and personal affairs, including any
investments, provided that any such activities do not conflict or compete with the Company’s
business activities and so long as such activities do not interfere with the Executive’s
responsibilities under this Agreement.

     4. Compensation.

          (a) Base Salary. As compensation for his services hereunder, during the Term, the
Company agrees to pay the Executive a base salary at the rate of One Million Dollars ($1,000,000)
per annum (the “Base Salary”), effective as of July 1, 2011, payable ratably in accordance with the
Company’s normal payroll schedule, but in no event less frequently than semi-monthly; provided
that, to effect such Base Salary retroactive to July 1, 2011 with respect to already completed pay
periods, the Company will pay the Executive the difference between the actual salary already
received by him since July 1, 2011 and the Base Salary, such difference to be paid in a single cash
lump sum as soon as administratively practicable following the date hereof, but in no event later
than September 30, 2011. The Company may withhold from any amounts payable under this Agreement
such federal, state or local taxes as shall be required to be withheld pursuant to any applicable
law or regulation. Base Salary shall not be reduced at any time without the express prior written
consent of the Executive.

          (b) Annual Bonus. For each full or partial year during the Term, the Executive will
be eligible to receive an annual cash bonus award (the “Annual Bonus”) with a target bonus of 125%
of the Executive’s Base Salary (as defined herein) in effect at the time such award is determined
(the “Target Bonus”) (with “Base Salary” for fiscal year 2012 deemed to be no less than
$1,000,000), but not to exceed 250% of the Executive’s Base Salary, with such leverage curve and
metrics determined by the Human Resources and Compensation Committee of the Board of Directors of
DFC (the “Compensation Committee”) in consultation with the Executive. Said bonus is not
guaranteed and is contingent upon the Executive and the Company achieving the corporate goals as
set by the Board of DFC or the Compensation Committee, with any such goals at the corporate level
being no less favorable to the Executive than those set for other senior executives of the Company.
The Annual Bonus will be confirmed by the Board of DFC or Compensation Committee and, to the
extent an Annual Bonus is awarded, unless the

-2-

 

Executive elects to defer all or a portion of such bonus in manner which does not impose any
additional taxes, interest or penalties on the Executive pursuant to Section 409A of the Internal
Revenue Code of 1986, as amended from time to time, and its implementing regulations and guidance
(“Section 409A”), it shall be paid to the Executive in cash subsequent to the conclusion of the
Company’s annual audit, with a target payment date of seventy five (75) days following the close of
the relevant fiscal year of the Company but, in any event, any such bonus will be paid for a given
fiscal year within one hundred and twenty (120) days of the closing of the fiscal year. The Target
Bonus and the maximum bonus opportunity as a percentage of Base Salary shall not be reduced at any
time without the express prior written consent of the Executive.

          (c) Other Expenses. In addition to the compensation provided for above, during the
Term, the Company agrees to pay or to reimburse the Executive during his employment for all
reasonable, ordinary and necessary, properly vouchered, business or entertainment expenses incurred
in the performance of his services hereunder in accordance with Company policy in effect from time
to time. The Executive shall be entitled to the same class of travel as is consistent with the
Company’s policy and practice as of the date of this Agreement.

          (d) Vacation. During the Term, the Executive will be allowed five (5) weeks of paid
vacation during each calendar year. To the extent that the Executive is unable to use his accrued
vacation leave in a given calendar year, he shall be permitted to carry over his paid vacation
leave and use it in subsequent years, and shall not forfeit his accrued vacation leave.

          (e) Car Lease/Allowance. During the Term, the Executive will be entitled to a car
allowance equal to the rate in effect on the date of this Agreement.

          (f) Employee Benefits. In addition to his compensation provided by the foregoing,
during the Term, the Executive will be entitled to the health, welfare and tax-qualified retirement
benefits available generally to Company senior executives and employees pursuant to the plans,
policies, programs or arrangements of DFG, DFC or any of their affiliates on a basis no less
favorable to the Executive than provided to any other senior executive of the Company, including,
by way of illustration, personal leave, paid holidays, sick leave, profit-sharing, 401(k) plan,
other tax-qualified retirement, disability, dental, vision, group sickness, accident, or health
insurance programs of the Company or any affiliate which may now or, if not terminated, shall
hereafter be in effect, or in any other or additional such programs which may be established by the
Company or any affiliate, as and to the extent any such programs are or may from time to time be in
effect, as determined by the Company and the terms hereof, subject to the applicable terms and
conditions of the benefit plans in effect at that time. Except to the extent otherwise provided in
other clauses of this Section 4, nothing herein shall affect the Company’s ability to modify,
alter, terminate or otherwise change any benefit plan it has in effect at any given time, to the
extent permitted by law. Notwithstanding anything herein to the contrary or otherwise, except to
the extent any expense, reimbursement or in-kind benefit provided pursuant to Sections 4(c) and
4(e) and this Section 4(f) does not constitute a “deferral of compensation” within the meaning of
Section 409A (A) the amount of expenses eligible for reimbursement or in-kind benefits provided to
the Executive during any calendar year will not affect the amount of expenses eligible for
reimbursement or in-kind benefits provided to the Executive in any other

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calendar year, (B) the reimbursements for expenses for which the Executive is entitled to be
reimbursed shall be made on or before the last day of the calendar year following the calendar year
in which the applicable expense is incurred and (C) the right to payment or reimbursement or
in-kind benefits hereunder may not be liquidated or exchanged for any other benefit.

          (g) Equity Awards. If the value of any restricted shares (including restricted shares
granted on or about November 1, 2008 and November 1, 2009 pursuant to the Prior Agreement) become
taxable to the Executive before such restricted shares would otherwise become vested (not including
taxation in the event of an election under section 83(b) of the Code), a number of then unvested
restricted shares reasonably determined by the Company to be necessary to satisfy any applicable
wage and income taxes payable by the Executive with respect to all such unvested restricted shares
shall become vested upon the date any such tax is required to paid or withheld by or from the
Executive. Upon a Change in Control (as defined in Section 5(a) below), all the Executive’s Equity
Awards (as defined in Section 5(c) below) shall vest immediately prior to and contingent on the
consummation of such event.

          (h) Capstone Award; Incremental Capstone.

               (i) Capstone Award.

                    (A) In recognition of the Executive’s service on the Board of Directors of DFC, including his
service as Chairman of the Board, and in recognition of the Executive’s prior and future service to
the Company, on the earliest to occur, if any, of: (1) the date that the Executive’s employment is
terminated by reason of Retirement or Delayed Retirement (each as defined below); (2) the date that
the Executive’s employment is terminated by the Company without Cause (as defined below) or by the
Executive’s resignation with Good Reason (as defined below); (3) the date that the Executive’s
employment terminates by reason of his Disability; or (4) the date that a change in control occurs
during the Employment Period (each a “Capstone Award Vesting Date”), the Executive will be entitled
to receive a Capstone Award. For purposes of this Agreement, the “Capstone Award” is a lump-sum
payment which is the actuarial equivalent (determined in accordance with Section 4(h)(iv)) of an
annual benefit of $300,000 payable to the Executive in equal monthly installments during his
lifetime commencing on the Capstone Award Payment Date (as defined below), with a $150,000 per year
survivor benefit payable on his subsequent death to the Executive’s Surviving Spouse (as defined
below) for her lifetime.

                    (B) If the Executive dies prior to a Capstone Award Vesting Date and the Executive then is and
has remained married to his current spouse (determined as of the date of this Agreement) through
his date of death (his “Surviving Spouse”), the Capstone Award shall not be paid and such Surviving
Spouse will be entitled to receive a Survivor Benefit. For purposes of this Agreement, the
“Survivor Benefit” is a lump-sum payment that is the actuarial equivalent (determined in accordance
with Section 4(h)(v)) of an annual benefit of $150,000 payable to the Surviving Spouse in equal
monthly installments for her lifetime commencing on the first business day of the calendar month
following the Executive’s death.

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                    (C) The Capstone Award shall be paid on the first business day of the calendar month that
follows the applicable Capstone Award Vesting Date (the “Capstone Award Payment Date”). If the
Executive dies after any Capstone Award Vesting Date and before the Capstone Award Payment Date,
the Capstone Award shall be paid to his Surviving Spouse on the Capstone Award Payment Date (or to
her estate if she dies before the Capstone Award Payment Date).

                    (D) Notwithstanding anything herein to the contrary, if the Executive terminates his
employment without Good Reason or the Company terminates the Executive for Cause (and, in either
case, such termination occurs prior to a change in control, and is not a termination by reason of
Retirement or Delayed Retirement), neither the Executive nor his Surviving Spouse shall be entitled
to any Capstone Award or Survivor Benefit under this Section 4(h)(i). Upon any Capstone Award
Vesting Date or the Executive’s prior death, the Capstone Award or Survivor Benefit, as applicable,
shall become non-forfeitable.

               (ii) Incremental Capstone.

                    (A) Upon the occurrence of an Incremental Capstone Vesting Date (defined below), if any,
Executive will be entitled to receive a lump-sum payment which is the actuarial equivalent
(determined in accordance with Section 4(h)(iv)) of an annual benefit of $150,000 payable to
Executive in equal monthly installments during his lifetime commencing the first business day of
the calendar month that follows the applicable Incremental Capstone Vesting Date (as defined
below), with a $75,000 per year survivor benefit payable on his subsequent death to the Surviving
Spouse for her lifetime (the “Incremental Capstone”).

                    (B) If Executive dies prior to an Incremental Capstone Vesting Date and Executive then is and
has remained married to his Surviving Spouse through his death, the Incremental Capstone shall not
be paid and such Surviving Spouse will be entitled to receive a lump-sum payment that is the
actuarial equivalent of an annual benefit of $75,000 payable to her in equal monthly installments
for her lifetime commencing on the first business day of the calendar month following the
Executive’s death (the “Incremental Survivor Benefit”).

                    (C) One Million Dollars ($1,000,000) of the actuarial equivalent lump sum value of the
Incremental Capstone (or if less, all of such Incremental Capstone) shall be paid on the first
anniversary of the applicable Incremental Capstone Vesting Date (or the first business day
thereafter). The actuarial equivalent lump sum value of the Incremental Capstone that exceeds
$1,000,000, if any, shall be paid on the first business day of the calendar month that follows the
applicable Incremental Capstone Vesting Date. If the Executive dies after any Incremental Capstone
Vesting Date and before the Incremental Capstone is fully paid, the Incremental Capstone (or
remaining portion thereof) shall be paid to his Surviving Spouse within 30 days of the Executive’s
death (or to her estate if she dies before such payment date).

                    (D) The Incremental Capstone Vesting Date means the earliest to occur, if any, of: (1) the
date that the Executive’s employment terminates by reason of

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Delayed Retirement (as defined below); (2) the date that Executive’s employment is terminated
by the Company without Cause or by Executive’s resignation with Good Reason; (3) the date that the
Executive’s employment terminates by reason of his Disability; or (4) the date that a change in
control occurs during the Employment Period.

                    (E) Notwithstanding anything herein to the contrary, if the Executive terminates his
employment without Good Reason or the Company terminates the Executive for Cause (and, in either
case, such termination occurs prior to a change in control, and is not a termination by reason of
Delayed Retirement), neither the Executive nor his Surviving Spouse shall be entitled to any
Incremental Capstone or Incremental Survivor Benefit under this Section 4(h)(ii). Upon any
Incremental Capstone Vesting Date or the Executive’s prior death, the Incremental Capstone or
Incremental Survivor Benefit, as applicable, shall become non-forfeitable.

               (iii) If payment of the Capstone Award or Incremental Capstone (or portion thereof) is subject
to the requirements of Treas. Reg. § 1.409A-3(i)(2) (or any successor provision), the Capstone
Award and applicable portion of the Incremental Capstone shall be paid, with interest at LIBOR from
the date the Capstone Award and applicable portion of the Incremental Capstone would have been paid
without the application of this regulation to the actual payment date, to the Executive (or his
Surviving Spouse (or her estate, if applicable) if the Executive dies after a Separation from
Service) at the earlier of the Executive’s death or the first business day of the seventh calendar
month following the calendar month in which the date of the Separation From Service occurs. Any
Survivor Benefit and Incremental Survivor Benefit shall be paid to the Surviving Spouse on the
first business day of the calendar month following the Executive’s death, provided that if the
Surviving Spouse dies before the Survivor Benefit and Incremental Survivor Benefit is paid, such
benefits shall be paid to her estate.

               (iv) Actuarial equivalence for purposes of this Section 4(h) will be determined in good faith
by the Compensation Committee using (1) an interest rate equal to the average annual yield on a
30-year U.S. Treasury security for the month in which the lump-sum payment will be made, and (2)
the mortality table prescribed by the Secretary of the U.S. Treasury for the valuation of lump-sum
payment from qualified retirement plans. For purposes of this Section 4(h), “change in control”
shall mean a Change in Control as defined below in Section 5(a), provided that such Change in
Control constitutes a change in the ownership or effective control of DFC or DFG (or both), or a
change in the ownership of a substantial portion of the assets of DFC or DFG, in each case within
the meaning of Treas. Reg. § 1.409A-3(i)(5).

          (i) Long-Term Incentive Plan.

               (i) Within 30 days after the date of this Agreement, the Executive shall receive an award with
respect to the Company’s fiscal year ending June 30, 2012 and pursuant to the Company’s Long Term
Incentive Plan (“LTIP”) which shall have an annualized aggregate grant date value (as determined by
the Compensation Committee in its sole discretion, in accordance with Generally Accepted Accounting
Principles) of $6,000,000 (the “2012 Award”). Of the 2012 Award, $3,000,000 shall constitute an
award with respect to the

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Company’s fiscal year ending June 30, 2012 and the other $3,000,000 shall constitute an award
with respect to the Company’s fiscal year ending June 30, 2013. The 2012 Award shall consist of
non-qualified stock options having a grant date value of $2,400,000, restricted stock units having
a grant date value of $2,400,000, and $1,200,000 in cash, in each case as determined by the
Compensation Committee in its sole discretion and in accordance with Generally Accepted Accounting
Principles. Restricted stock units and non-qualified stock options granted pursuant to the 2012
Award shall vest ratably on a quarterly basis over a three-year period beginning October 1, 2011
(with the first installment vesting December 31, 2011), subject to the Executive remaining
continuously employed with the Company through the applicable vesting dates. Cash awards granted
pursuant to the 2012 Award shall vest ratably on an annual basis over a three-year period, with
one-third of such award vesting on each of June 30, 2012, June 30, 2013 and June 30, 2014, subject
to the Executive remaining continuously employed with the Company through the applicable vesting
date. Additionally, $720,000 of the cash award shall be subject to performance conditions, of
which $420,000 will be based on financial metrics to be established by the Compensation Committee
and $300,000 will be based on non-financial metrics to be determined by the Compensation Committee
in consultation with the Executive.

               (ii) The Executive shall not be eligible to receive any additional annual awards under the
LTIP prior to the close of the fiscal year ending June 30, 2013. After June 30, 2013, the
Executive shall be eligible to receive additional awards under the LTIP with respect to the fiscal
year ending June 30, 2014 and subsequent fiscal years, with such awards having an annualized
aggregate grant date value (as determined by the Compensation Committee in its sole discretion, in
accordance with Generally Accepted Accounting Principles) of at least $3,000,000. Awards after
June 30, 2013 shall consist of cash, stock options, restricted stock units and/or any other equity
award, or combination thereof, and shall have vesting conditions, in each case as determined by the
Compensation Committee. The terms and conditions governing any award under the LTIP shall be
governed by the LTIP and the applicable award agreements and, with respect to equity awards, shall
be subject to the terms and conditions of DFC’s 2007 Equity Incentive Plan or any other applicable
equity incentive plan established by the Company.

          (j) Supplemental Incentive Bonus. In recognition of the Executive’s prior and future
service to the Company, and in consideration for the Executive’s execution of this Agreement, the
Executive shall be eligible to receive a bonus (the “Supplemental Bonus”), payable in cash in
accordance with this Section 4(j), with a targeted aggregate value of $2,000,000. The Executive
shall be eligible to earn 50% of the Supplemental Bonus on December 31, 2013 and 50% of the
Supplemental Bonus on December 31, 2014, subject to the achievement of the performance goals
described below and the Executive remaining continuously employed with the Company through the
applicable vesting date. The amount of Supplemental Bonus payable to the Executive shall be
determined as follows: 25% of the amount of the Supplemental Bonus payable shall be based on the
satisfaction of non-financial objectives; and 75% of the amount of the Supplemental Bonus payable
shall be based on the achievement of cumulative EBITDA targets, in each case determined by the
Compensation Committee in consultation with Executive and based on the period beginning July 1,
2011 and ending on the applicable vesting date. The amount of Supplemental Bonus, if any, earned
by the Executive shall be paid to the Executive no later than two and one-half months following the

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applicable vesting date. In the event of a merger, consolidation, acquisition, other change
in the Company’s corporate structure, change in accounting principles or other event influencing
the achievement or calculation of the goals established pursuant to this Section 4(j), the
Compensation Committee shall make equitable adjustments to the applicable goals as it deems
appropriate.

          (k) Retirement Grant. In recognition of the Executive’s prior and future service to
the Company, and in consideration for the Executive’s execution of this Agreement, on July 2, 2012
(the “Grant Date”), DFC shall grant to the Executive, provided that he is employed by the Company
on such date, an award of restricted stock units (the “Retirement Grant”) subject to the terms and
conditions of DFC’s 2007 Equity Incentive Plan (the “Plan”) and the terms and conditions set forth
in the applicable award agreement. The number of shares of DFC common stock subject to the
Retirement Grant shall equal the quotient resulting from (i) $4,200,000, divided by (ii) the Fair
Market Value (as defined in the Plan) of DFC common stock on the Grant Date, rounded down to the
next whole share. The Retirement Grant will vest in substantially equal monthly installments on
the last day of each month beginning July 31, 2012 and ending December 31, 2014 provided that,
except as otherwise provided in Section 5 hereof, the Executive is employed by the Company on such
dates. Except as otherwise provided in Section 5, the vested shares subject to the Retirement
Grant shall be delivered to the Executive on January 2, 2015 (but in no event later than January
31, 2015). Notwithstanding anything herein to the contrary, DFC shall not be required to make the
Retirement Grant if and to the extent that, at the time of such grant, DFC does not have sufficient
shares of common stock to do so under the Plan, or if and to the extent making such grant would,
alone or in connection with any other equity award, violate any limitation imposed by the Plan with
respect to the number of shares that may be awarded to the Executive within any given fiscal year
and/or with respect to the number of shares subject to full value awards having time-based vesting
period less than three years; provided that DFC shall make the Retirement Grant under the Plan up
to the number of shares available, with the remaining portion of the value of the Retirement Grant
(that is, the excess of $4,200,000 over the aggregate Fair Market Value of the shares awarded under
the Plan) awarded to the Executive on the Grant Date pursuant to a non-Plan deferred cash award
having the same vesting and payment terms described in this Section 4(k), which shall be deemed to
have been notionally invested in DFC common stock on the Grant Date.

          (l) Additional Benefits. In addition to his compensation provided by the foregoing,
during the Term, the Executive will also be entitled to: (i) reimbursement up to an aggregate of
$100,000 annually for his purchase of up to $10,000,000 of term life insurance and/or disability
insurance, following delivery of proper documentation of those costs; (ii) reimbursement up to
$10,000 annually for reasonable tax and financial planning costs, following delivery of proper
documentation of those costs; (iii) reimbursement up to $15,000 annually for reasonable
out-of-pocket uninsured medical and dental costs; (iv) club memberships at the rate currently in
effect as of the date of this Agreement; (v) a Company purchased or self-insured term life
insurance policy on the life of the Executive with a face amount equal to $4,200,000 insuring the
period from the date of this Agreement to July 1, 2012, the proceeds of which, if any, will be
payable to the Executive’s named beneficiary; provided, however, that except to the extent any such
expense, reimbursement or in-kind benefit does not constitute a “deferral of

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compensation” within the meaning of Section 409A (A) the amount of expenses eligible for
reimbursement or in-kind benefits provided to the Executive during any calendar year will not
affect the amount of expenses eligible for reimbursement or in-kind benefits provided to the
Executive in any other calendar year, (B) the reimbursements for expenses for which the Executive
is entitled to be reimbursed shall be made on or before the last day of the calendar year following
the calendar year in which the applicable expense is incurred and (C) the right to payment or
reimbursement or in-kind benefits hereunder may not be liquidated or exchanged for any other
benefit.

          (m) The Executive will be subject to any clawback policy reasonably developed by the Board or
Compensation Committee that, upon the advice of outside counsel, is necessary to comply with
applicable law.

     5. Employment Period; Termination.

          (a) Commencement. The Executive’s employment pursuant to this Agreement shall
commence on the date of this Agreement and shall continue thereafter until December 31, 2014 (the
“Initial Term”), and shall thereafter automatically renew for additional one year periods (each, a
“Renewal Term”), unless sooner terminated in accordance with this Agreement or written notice is
given by one party to the other at least One Hundred and Eighty (180) days prior to the expiration
of the Initial Term or any Renewal Term, as applicable. In the event that either a definitive
agreement is executed during the Term which would upon the consummation of the closing thereunder
result in a Change in Control (as defined in this Section 5(a) of this Agreement) or a Change in
Control occurs during the Initial Term or a Renewal Term, this Agreement shall automatically renew
for an additional two year period (the “Change in Control Term”) beginning on the date of the
expiration of the Initial Term or Renewal Term, as applicable. Following such a Change in Control
Term, this Agreement shall automatically renew for additional one year Renewal Terms, unless sooner
terminated in accordance with this Agreement or written notice is given by one party to the other
at least One Hundred and Eighty (180) days prior to the expiration of the Change in Control Term or
any Renewal Term, as applicable. The Initial Term, any Renewal Term and any Change in Control Term
are herein collectively referred to as the “Term.”

For purposes of this Agreement, “Change in Control” shall mean, and be deemed to have occurred
upon: (i) a sale or transfer of substantially all of the assets of either DFC or DFG in any
transaction or series of related transactions (other than sales in the ordinary course of
business); (ii) any merger, consolidation or reorganization to which either DFC or DFG is a party,
except for an internal reorganization or a merger, consolidation or reorganization in which the
Company is the surviving corporation and, after giving effect to such merger, consolidation or
reorganization, the holders of the Company’s outstanding Common Stock (on a fully-diluted basis)
immediately prior to the merger, consolidation or reorganization will own, immediately following
the merger, consolidation or reorganization, capital stock holding a majority of the voting power
of the Company; (iii) any sale or series of sales of shares of the capital stock of DFC by the
holders thereof which results in any person or group of affiliated persons owning capital stock
holding twenty five percent (25%) or more of the voting power of DFG at the time

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of such sale or series of sales; (iv) a circumstance where any individual, firm, corporation,
limited liability company, partnership, sole proprietorship, trust or other legally cognizable
entity (“Person”) other than an “Exempted Person” (as defined below) who or which, alone or
together with any affiliates or associates of that person, becomes the Beneficial Owner (as defined
in Rule 13d-3 of the Securities Exchange Act of 1934, as amended from time to time) of twenty-five
percent (25%) or more of the voting securities of DFC (including all securities or other interests
in DFC having by their terms ordinary voting power to elect members of the Board of Directors of
DFC collectively “Voting Securities”) except as a result of (y) any acquisition of DFC’s Voting
Securities by the Company, or (z) any acquisition of DFC’s Voting Securities directly from the
Company, as authorized by the Board; (v) any liquidation, dissolution or winding up of either DFC
or DFG; (vi) any circumstance by which the persons who constitute DFC’s Board of Directors as of
the date hereof cease for any reason to constitute a majority of the directors of DFC, unless the
election or nomination for election of each director who is not a director on the date hereof was
approved by a vote of no less than a two-thirds (2/3) of the directors then still in office who are
directors on the date hereof or are new directors approved by such vote; or (vii) DFC ceases to be
a company whose common stock is publicly traded on a major United States stock exchange such as the
NYSE or NASDAQ.

For purposes of this Agreement, an “Exempted Person” shall be defined as: (i) the Executive or any
group (as contemplated by Section 13(d)(3) of the Securities Exchange Act of 1934) of which the
Executive is a member; (ii) any Person that controls (as defined in Rule 12b-2 of the Securities
Exchange Act of 1934) the Company as of the date of this Agreement or any group of which any such
Person is a member; (iii) any corporation or other entity owned directly or indirectly by the
shareholders of the Company in substantially the same proportions as their ownership of the
Company’s Voting Securities; or (iv) any employee benefit plan or related trust that is maintained
or sponsored by the Company or any of its subsidiaries, or any trustee or other fiduciary of the
Company or any Subsidiary.

          (b) Employment Period. The Employment Period under this Agreement shall continue
until the earlier of the expiration of the Term or the effective date of the termination of the
Executive’s employment pursuant to Section 5 of this Agreement. For the avoidance of doubt, any
termination by either DFG or DFC of the Executive’s employment shall be deemed to be a termination
of the Executive’s employment by the Company for purposes of this Agreement. For purposes of
determining under Section 409A whether there has been a “separation from service” with the meaning
of Treasury Regulation Section 1.409A-1(h) (or any successor regulation), the Executive shall be
deemed to have incurred a separation from service if his employment has been terminated in
accordance with Sections 5(c) through Section 5(j) hereof and he is performing less than 50% of the
average level of bona fide services he was performing for the Company in the immediately preceding
36-month period (“Separation From Service”).

          (c) Termination By Executive Without Good Reason. Notwithstanding the provisions of
Sections 5(a) and (b) above, the Executive may terminate the employment relationship at any time
for any reason by giving the Company written notice at least thirty (30) days prior to the
effective date of termination and such termination shall not be deemed to be a

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breach by the Executive of this Agreement. Such termination shall constitute the Executive’s
resignation from the Boards. The Company, at its election, may (i) require the Executive to
continue to perform his duties hereunder for the full thirty (30) day notice period, or (ii)
terminate the Executive’s employment at any time during such thirty (30) day notice period,
provided that any such termination shall not be deemed to be a termination of the Executive’s
employment by the Company without Cause. Upon such termination, the Executive shall be entitled
to: (i) any Base Salary earned through the effective date of termination that remains unpaid and
any accrued but unpaid vacation time, with any such amounts paid on the first regularly scheduled
payroll date following the effective date of termination; (ii) any Annual Bonus payable pursuant to
Section 4(b) with respect to any fiscal year which ended prior to the effective date of the
Executive’s termination of employment, which remains unpaid, with such amount paid in the first
regularly scheduled payroll date following the effective date of termination or, if later, at the
same time the bonus would have been payable to the Executive under Section 4(b) hereof; (iii) any
reimbursement or payment due to the Executive on or prior to the date of such termination which
remains unpaid to the Executive pursuant to the terms of Sections 4(c), 4(e), 4(f) and/or 4(i),
with any such payment being made promptly following the effective date of termination but in no
event later than the date set forth in Section 4(f) or Section 4(l), as applicable; (iv) any right,
payment or benefit that accrued or became due to the Executive prior to the date of such
termination which remains unpaid to the Executive under Section 4(h) (Capstone Award), if any,
Section 4(i) (the 2012 Award), if any, Section 4(j) (Supplemental Bonus), if any, Section 4(k)
(Retirement Grant), if any, and in each case payable at the time specified in such awards; (v) any
rights or payments pursuant to any other applicable plans, programs, policies or arrangements of
the Company or any affiliate in which the Executive participated as of the effective date of
termination, including, without limitation, any plans or agreements relating to the vested portion
of any stock options, restricted stock or similar equity interests awarded to the Executive prior
to the date of such termination, or the vested portion of any equity awards granted to the
Executive prior to the date of such termination in connection with any long-term incentive program,
excluding the Retirement Grant, the 2012 Award and LTI Awards (as defined in and granted pursuant
to the Prior Agreement), in which he has participated while employed by DFG, DFC or any of their
affiliates (the “Equity Awards”); and (vi) any right, payment or benefit due or that becomes
payable under Section 5(k) (Section 280G of the Code), Section 19 (Indemnification) or Section 20
(Attorneys’ Fees and Expenses) (clauses (i) through (vi), collectively “Accrued and Other
Obligations”). In addition, any Equity Award, 2012 Award and LTI Award which is vested as of the
effective date of termination shall not be forfeited and, if applicable, shall remain exercisable
pursuant to their existing terms and conditions. For the avoidance of doubt, Equity Awards do not
include the Retirement Grant, the 2012 Award and LTI Awards (as defined in and granted pursuant to
the Prior Agreement).

          (d) Termination By Company For Cause. The Company may immediately terminate the
Executive’s employment hereunder for “Cause.” Such termination shall constitute the Executive’s
resignation from the Boards. If the Executive’s employment is terminated for “Cause,” the
Executive will not be entitled to and shall not receive any compensation or benefits of any type
following the effective date of termination other than the Accrued and Other Obligations; provided,
however, that any outstanding Equity Award, LTI Award and 2012 Award held by the Executive as of
the effective date of any such termination, will immediately

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be forfeited. As used in this Agreement, the term “Cause” shall mean (i) the Executive’s willful
and continued failure to substantially perform his material duties for the Company (other than on
account of vacation, personal time off, approved leave of absence and/or Disability or after
receipt by the Executive of a notice that his employment is being terminated without Cause by the
Company or after Executive gives notice to the Company that he has grounds to resign for Good
Reason); (ii) the Executive is convicted of, or enters a plea of guilty or nolo contendere to, (A)
a felony (other than a minor traffic violation) or (B) a crime involving moral turpitude; or (iii)
in carrying out his duties under the Agreement, the Executive engages in (x) willful gross neglect
causing material harm to the Company or its business or (y) willful and material misconduct
relating to the business of the Company. For purposes of this “Cause” definition, no act or
omission by the Executive shall be deemed to be “willful” if the Executive had a good faith belief
that such act or omission was in, or not opposed to, the best interests of the Company or its
affiliates. Anything herein to the contrary notwithstanding, the Executive shall not be terminated
for “Cause,” within the meaning of clauses (i) and (iii) of this Section, unless written notice
stating the basis for the termination is provided to the Executive and, if such neglect or conduct
is reasonably curable, he is given no less than 20 days to cure the neglect or conduct that is the
basis of such claim and, if he fails to cure such neglect or conduct or such neglect or conduct is
not reasonably curable, the Executive has an opportunity to be heard before the full Board of DFC
(represented by counsel) and, after such hearing, there is a vote of a majority of the members of
the Board (not counting the Executive) to terminate Executive’s employment for Cause.

          (e) Termination By Company Without Cause. Upon thirty (30) days written notice, the
Company shall retain the right to terminate the Executive without Cause. Such termination shall
constitute the Executive’s resignation from the Boards and termination of his employment with the
Company on the 30th day following the Executive’s receipt of such notice. Unless
otherwise provided by this Section, all compensation and benefits paid by the Company to the
Executive shall cease upon his last day of employment. Subject to Section 5(l) below, if the
Executive’s employment is terminated by the Company without Cause during the Term, the Executive
shall be provided with the following severance package:

               (i) The Executive shall continue to receive an amount equivalent to his Base Salary for a
period of twenty four (24) months following the Separation From Service (the “Severance Period”),
with such amount to be paid to the Executive in substantially equal installments bi-weekly;

               (ii) The Executive shall receive an amount equal to two (2) times his Target Bonus, with said
amount to be paid to the Executive over a period of twenty four (24) months in 24 equal
installments, with each payment being made on the first business day of each calendar month, with
the first payment payable in the month following the month in which the Separation From Service
occurs;

               (iii) The Executive shall receive an immediately payable lump sum payment for his Annual
Bonus, which shall be equal to the product of (A) the Target Bonus for the bonus year in which the
Executive’s Separation From Service occurs multiplied by (B) a

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fraction, the numerator of which will be the number of days elapsed from the beginning of the
Annual Bonus determination period to the date of the Separation From Service, and the denominator
of which will be 365;

               (iv) During the Severance Period, the Company shall continue to contribute to the cost of the
Executive’s (including his dependents’) group health plan (including medical and dental) coverage
by contributing an amount equal to the amount paid by the Company towards its “group health plans”
(within the meaning of ERISA) for active Company employees towards the Executive’s (including his
dependents’) COBRA premium, but only to the extent that the Executive applies for and otherwise
remains eligible for health care continuation coverage under COBRA throughout the Severance Period,
provided that, to the extent COBRA continuation coverage eligibility expires before the end of the
Severance Period, the Executive will receive payment, on an after-tax basis, of an amount equal to
the premium the Company would have otherwise contributed to COBRA coverage pursuant to this Section
5(e)(iv); provided that to the extent that the foregoing medical and dental benefits are taxable to
the Executive, any medical or dental reimbursements shall be paid to the Executive promptly but in
all events on or before the last day of the Executive’s taxable year following the taxable year in
which the expense is incurred and provided further that any tax gross-up payment to the Executive
pursuant to this Section 5(e)(iv) shall be paid to the Executive on or before the last day of the
Executive’s taxable year following the taxable year in which the Executive (or the Company) remits
the related taxes; provided further that if the Company’s contributions or payments under this
Section 5(e)(iv) would violate the nondiscrimination rules, and result in the imposition of
penalties, under the Patient Protection and Affordable Care Act of 2010 (the “PPACA”) and related
regulations and guidance promulgated thereunder, the parties agree to reform this provision in such
manner as is necessary to comply with the PPACA and avoid any such penalties while keeping the
Executive in the same economic position;

               (v) Any Equity Award, 2012 Award and any outstanding LTI Award (as defined in and granted
pursuant to the Prior Agreement)) held by the Executive as of the effective date of his termination
will immediately become fully vested as of such date and, as applicable, stock options subject to
such awards shall remain exercisable for the period beginning on the effective date of the
Executive’s termination and ending on the sooner of twenty four (24) months from the effective date
of the Executive’s termination, the latest date upon which the award would have expired by its
original terms if the Executive had remained employed indefinitely or the 10th
anniversary of the original date of grant of the award;

               (vi) Any unpaid portion of the Supplemental Bonus will become fully vested as of the effective
date of the Executive’s termination and shall be immediately payable in a lump sum. For purposes
of determining the amount of Supplemental Bonus payable, all applicable performance goals shall be
deemed fully achieved at targeted levels; and

               (vii) The Retirement Grant will become fully vested as of the effective date of the
Executive’s termination and the shares (or, if applicable, cash) underlying the Retirement Grant
shall be immediately deliverable to the Executive; and

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               (viii) The Accrued and Other Obligations (as defined in Section 5(c) above).

The benefits and compensation described in Sections 5(e)(i) through (vii) that the Executive shall
receive is referred to jointly herein as the Severance Compensation.

The Company shall not be obligated to pay or provide to the Executive any Severance Compensation
due and owing to him on or after the date that he willfully and materially breaches Section 7
and/or Section 8 of this Agreement; provided, however, that before the Company ceases paying or
providing any such Severance Compensation, the Company shall give the Executive written notice of
the event or events giving rise to such forfeiture and no less than twenty (20) days to cure and if
the Executive cures such event or events, the Severance Compensation shall continue to be paid or
provided as set forth herein. Whether the Executive has willfully and materially breached Section
7 and/or Section 8 shall be subject to de novo review in accordance with Section 18 below. Also,
no Severance Compensation shall be paid to the Executive unless and until he executes and delivers
to the Company the release attached hereto as Exhibit A, and such Release becomes irrevocable
within 60 days following the effective date of the Executive’s Separation from Service. Upon the
Executive delivering and not revoking such Release, DFG and DFC agree to execute and promptly
deliver the Release attached hereto as Exhibit B to the Executive. If the Executive delivers the
Release and it becomes irrevocable within 60 days following his Separation from Service, the
Severance Compensation shall be due and payable to him; provided, however, that such Release shall
not be effective as a release of claims until the Company delivers the Release attached hereto as
Exhibit B to the Executive. The parties hereto acknowledge that the Severance Compensation to be
provided under this Section 5(e) is to be provided in consideration for the above-specified
release. Subject to Section 5(l), the Severance Compensation will be paid or provided (or, as
applicable, will begin to be paid or provided) as soon as administratively practicable after the
Release becomes irrevocable, provided that if the 60-day period described above begins in one
taxable year and ends in a second taxable year such payments or benefits shall not commence until
the second taxable year. The Severance Compensation described in this Section 5(e) supersedes any
other severance payment provided by any Company policy, plan or practice. Therefore, the Executive
acknowledges and agrees that he is not eligible to receive any severance payment under any other
Company severance policy, plan or practice.

          (f) Termination for Executive’s Permanent Disability. To the extent permissible under
applicable law, in the event the Executive becomes permanently disabled during the Term, either the
Executive or the Company may terminate the Executive’s employment under this Agreement by giving
thirty (30) days notice to the other Party of its or his intent to terminate, and unless the
Executive resumes performance of the duties set forth in Section 3 within five (5) days of the date
of the notice and continues performance for the remainder of the notice period, the Executive’s
employment under this Agreement shall terminate at the end of the thirty (30) day period. Any such
termination shall constitute the Executive’s resignation from the Boards. “Permanently disabled”
for the purposes of this Agreement means the Executive’s inability to engage in any substantial
gainful activity by reason of any medically determinable physical or mental impairment that can be
expected to

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result in death or can be expected to last for a continuous period of not less than 12 months.
“Disability” for purposes of this Agreement means the Executive’s being permanently disabled.
Unless otherwise provided by this Section, all compensation and benefits paid by the Company to the
Executive shall cease upon his last day of employment. If the Executive’s employment is terminated
by the Company pursuant to this Section 5(f), the Executive shall be provided with the following
severance package:

               (i) The Executive shall receive an immediately payable lump sum payment for his Annual Bonus,
which shall be equal to the product of (A) the Target Bonus for the fiscal year in which the
Executive’s employment is terminated multiplied by (B) a fraction, the numerator of which will be
the number of days elapsed from the beginning of the Annual Bonus determination period to the date
of termination, and the denominator of which will be 365;

               (ii) During the twenty four (24) months following the effective date of his termination
pursuant to this Section 5(f) (the “Disability Severance Period”), the Company shall continue to
contribute to the cost of the Executive’s (including his dependents’) group health plan (including
medical and dental) coverage by contributing an amount equal to the amount paid by the Company
towards its “group health plans” (within the meaning of ERISA) for active Company employees towards
the Executive’s (including his dependents’) COBRA premium, but only to the extent that the
Executive applies for and otherwise remains eligible for health care continuation coverage under
COBRA throughout the Severance Period, provided that, to the extent COBRA continuation coverage
eligibility expires before the end of the Severance Period, the Executive will receive payment, on
an after-tax basis, of an amount equal to the premium the Company would have otherwise contributed
to COBRA coverage pursuant to this Section 5(f)(ii); provided that to the extent that the foregoing
medical and dental benefits are taxable to the Executive, any medical or dental reimbursements
shall be paid to the Executive promptly but in all events on or before the last day of the
Executive’s taxable year following the taxable year in which the expense is incurred and provided
further that any tax gross-up payment to the Executive pursuant to this Section 5(f)(ii) shall be
paid to the Executive on or before the last day of the Executive’s taxable year following the
taxable year in which the Executive (or the Company) remits the related taxes; provided further
that if the Company’s contributions or payments under this Section 5(f)(ii) would violate the
nondiscrimination rules, and result in the imposition of penalties, under the Patient Protection
and Affordable Care Act of 2010 (the “PPACA”) and related regulations and guidance promulgated
thereunder, the parties agree to reform this provision in such manner as is necessary to comply
with the PPACA and avoid any such penalties while keeping the Executive in the same economic
position;

               (iii) Any Equity Award, any outstanding 2012 Award and any outstanding LTI Award (as defined
in and granted pursuant to the Prior Agreement) held by the Executive as of the effective date of
his termination will immediately become fully vested as of such date and, as applicable, stock
options subject to such awards shall remain exercisable for the period beginning on the effective
date of the Executive’s termination and ending on the sooner of twenty four (24) months from the
effective date of the Executive’s termination, the

-15-

 

latest date upon which the award would have expired by its original terms if the Executive had
remained employed indefinitely or the 10th anniversary of the original date of grant of
the award;

               (iv) Any unpaid portion of the Supplemental Bonus will become fully vested as of the effective
date of the Executive’s termination and shall be immediately payable in a lump sum. For purposes
of determining the amount of Supplemental Bonus payable, all applicable performance goals shall be
deemed fully achieved at targeted levels; and

               (v) The Retirement Grant will become fully vested as of the effective date of the Executive’s
termination and the shares (or, if applicable, cash) underlying the Retirement Grant shall be
immediately deliverable to the Executive; and

               (vi) The Accrued and Other Obligations.

The benefits and compensation described in Sections 5(f)(i) through (v) that the Executive shall
receive is referred to jointly herein as the “Disability Severance Compensation.” The Company
shall not be obligated to pay or provide to the Executive any Disability Severance Compensation due
and owing to him on or after the date that he willfully and materially breaches Section 7 and/or
Section 8 of this Agreement; provided, however, that before the Company ceases paying or providing
any such Disability Severance Compensation, the Company shall give the Executive written notice of
the event or events giving rise to such forfeiture and no less than twenty (20) days to cure and if
the Executive cures such event or events, the Disability Severance Compensation shall continue to
be paid or provided as set forth herein. Whether the Executive has willfully and materially
breached Section 7 and/or Section 8 shall be subject to de novo review in accordance with Section
18 below. Also, no Disability Severance Compensation shall be paid to the Executive unless and
until he executes and delivers to the Company the release attached hereto as Exhibit A, and such
Release becomes irrevocable within 60 days following the effective date of the Executive’s
termination of employment. Upon the Executive delivering and not revoking such Release, DFG and
DFC agree to execute and promptly deliver the Release attached hereto as Exhibit B to the
Executive. If the Executive delivers the Release and it becomes irrevocable within 60 days of the
Executive’s termination of employment, the Disability Severance Compensation shall be due and
payable to him; provided, however, that such Release shall not be effective as a release of claims
until the Company delivers the Release attached hereto as Exhibit B to the Executive. The
Disability Severance Compensation will be paid or provided (or, as applicable, will begin to be
paid or provided) as soon as administratively practicable after the Release becomes irrevocable,
provided that if the 60-day period described above begins in one taxable year and ends in a second
taxable year such payments or benefits shall not commence until the second taxable year. The
parties hereto acknowledge that the Disability Severance Compensation to be provided under this
Section 5(f) is to be provided in consideration for the above-specified release. The Disability
Severance Compensation described in this Section 5(f) supersedes any other severance payment
provided by any Company policy, plan or practice. Therefore, the Executive acknowledges and agrees
that he is not eligible to receive any severance payment under any other Company severance policy,
plan or practice. The foregoing will not be construed to limit the Executive’s right to payment or
reimbursement

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for claims under any disability plan, policy or arrangement of the Company in accordance with the
terms of such plan, policy or arrangement.

          (g) Termination Due To Executive’s Death. In the event that the Executive dies during
the Term, the Executive’s employment under this Agreement shall terminate as of the date of the
Executive’s death. Unless otherwise provided by this Section, all compensation and benefits paid
by the Company to the Executive shall cease upon his death. A termination due to the Executive’s
death shall be treated for severance purposes as a Termination pursuant to Section 5(f) (concerning
termination in the event of the Executive’s Permanent Disability) and the Executive’s estate (or
beneficiaries with respect to benefits described in Section 5(f)(ii)) shall be entitled to receive
all of the payments, entitlements and benefits set forth in Section 5(f)(i) through (vi) above.

          (h) Termination by Executive at Retirement or Delayed Retirement.

               (i) In the event that the Executive’s employment terminates by reason of Retirement or Delayed
Retirement (each as defined below), the Executive’s employment shall terminate as of the effective
date of such Retirement or Delayed Retirement. Such termination shall constitute the Executive’s
resignation from the Boards. Unless otherwise provided by this Section, all compensation and
benefits paid by the Company to the Executive shall cease upon his last day of employment, provided
that any 2012 Award and LTI Award which is vested as of the effective date of such termination
shall not be forfeited and, if applicable, shall remain exercisable pursuant to its terms and
conditions.

               (ii) Retirement. Subject to Section 5(h)(v) below, if the Executive’s employment is
terminated due to the Executive’s Retirement, the Executive shall be provided with the following:

                    (A) The benefits described in Section 5(e)(iv);

                    (B) Any Equity Award held by the Executive as of the effective date of his termination will
immediately become fully vested as of such date and, if applicable, remain exercisable for the
period beginning on the effective date of the Executive’s termination and ending on the sooner of
twenty four (24) months from the effective date of the Executive’s termination, the latest date
upon which the Equity Award would have expired by its original terms if the Executive had remained
employed indefinitely or the 10th anniversary of the original date of grant of the Equity Award;

                    (C) The Executive shall be entitled to receive a lump sum payment for his Annual Bonus,
payable on the date that it would have otherwise been paid pursuant to Section 4(b) but for the
Executive’s termination of employment, equal to the product of (A) the Annual Bonus the Executive
would have otherwise earned pursuant to Section 4(b) (determined assuming the Executive met any
personal or subjective performance objectives at no less than target), multiplied by (B) a
fraction, the numerator of which will be the number of days

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elapsed from the beginning of the Annual Bonus determination period to the date of
termination, and the denominator of which will be 365; and

                    (D) The Accrued and Other Obligations.

               (iii) Delayed Retirement. Subject to Section 5(h)(v) below, if the Executive’s
employment is terminated due to the Executive’s Delayed Retirement, the Executive shall be provided
with the following:

                    (A) The benefits described in Section 5(h)(ii) above; and

                    (B) Any outstanding Plan LTI (defined in and granted pursuant to the Prior Agreement) held by
the Executive as of the effective date of his termination will immediately become fully vested as
of such date and, as applicable, remain exercisable for the period beginning on the effective date
of the Executive’s termination and ending on the sooner of twenty four (24) months from the
effective date of the Executive’s termination, the latest date upon which the award would have
expired by its original terms if the Executive had remained employed indefinitely or the 10th
anniversary of the original date of grant of the award.

               (iv) For purposes of this Agreement, (A) “Retirement” means any voluntary termination by the
Executive of his employment before June 30, 2012, or a termination by the Company for Cause before
June 30, 2014, and (B) “Delayed Retirement” means any voluntary termination by the Executive of his
employment on or after June 30, 2012, or any termination by the Company for any reason on or after
June 30, 2014; provided that if the Company gives the Executive a notice of non-renewal of the
Initial Term, any Renewal Term or the Change in Control Term pursuant to Section 5(a), the
Executive’s employment may continue at-will until terminated or shall terminate upon the expiration
of the Term and such termination shall be deemed to be a “Delayed Retirement” for purposes of this
Agreement. For the avoidance of doubt, termination of the Executive’s at-will employment following
non-renewal of this Agreement shall constitute a “Delayed Retirement” for purposes of the
Executive’s rights to the Capstone Award, Incremental Capstone and the benefits described in
Section 5(h)(iii), each of such rights surviving the Term of this Agreement.

               (v) The Company shall not be obligated to pay or provide to the Executive any benefits or
payments under Section 5(h)(ii) or (iii) (as applicable, the “Retirement Benefits”) due and owing
to him on or after the date that he willfully and materially breaches Section 7 and/or Section 8 of
this Agreement; provided, however, that before the Company ceases paying or providing any such
Retirement Benefits, the Company shall give the Executive written notice of the event or events
giving rise to such forfeiture and no less than twenty (20) days to cure and if the Executive cures
such event or events, the Retirement Benefits shall continue to be paid or provided as set forth
herein. Whether the Executive has willfully and materially breached Section 7 and/or Section 8
shall be subject to de novo review in accordance with Section 18 below. Also, no Retirement
Benefits shall be paid to the Executive unless and until he executes and delivers to the Company
the release attached hereto as Exhibit A, and such Release becomes irrevocable within 60 days
following the effective date of the Executive’s

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Separation from Service. Upon the Executive delivering and not revoking such Release, DFG and
DFC agree to execute and promptly deliver the Release attached hereto as Exhibit B to the
Executive. If the Executive delivers the Release and it becomes irrevocable within 60 days
following the Executive’s Separation from Service, the Retirement Benefits shall be due and payable
to him; provided, however, that such Release shall not be effective as a release of claims until
the Company delivers the Release attached hereto as Exhibit B to the Executive. Subject to Section
5(l), the Retirement Benefits will be paid or provided (or, as applicable, will begin to be paid or
provided) as soon as administratively practicable after the Release becomes irrevocable, provided
that if the 60-day period described above begins in one taxable year and ends in a second taxable
year such payments or benefits shall not commence until the second taxable year. The parties
hereto acknowledge that the Retirement Benefits to be provided under this Section 5(h) is to be
provided in consideration for the above-specified release. The Retirement Benefits described in
this Section 5(h) supersedes any other severance payment provided by any Company policy, plan or
practice. Therefore, the Executive acknowledges and agrees that he is not eligible to receive any
severance payment under any other Company severance policy, plan or practice.

          (i) Termination by Executive for “Good Reason”. Subject to the provisions outlined
below, at any time after the date the Executive commences employment under this Agreement, upon
thirty (30) days’ written notice to the Company and no later than one hundred and twenty (120) days
after the occurrence of any event giving rise to “Good Reason” (as defined below), the Executive
shall have the right to terminate his employment under this Agreement for Good Reason. Such
termination shall constitute the Executive’s resignation from the Boards. For purposes of this
Agreement, “Good Reason” shall mean the occurrence of any of the following events without either
the Executive’s prior express written consent or full cure by the Company within thirty (30) days
after the Executive gives written notice to the Company describing the event and requesting cure:

               (i) any material diminution in the Executive’s authorities, titles or offices, including,
without limitation, any authorities set forth in Section 3(b) above;

               (ii) any change in the reporting structure so that Executive reports to someone other than the
Board of DFG as Chief Executive Officer of DFG or to the Board of DFC as Chief Executive Officer of
DFC;

               (iii) any material diminution in the Executive’s Base Salary, Target Bonus opportunity as a
percentage of Base Salary or maximum bonus opportunity as a percentage of Base Salary as set forth
in Section 4(b) above, or LTIP opportunity as set forth in Section 4(i);

               (iv) failure to appoint or elect (or re-elect) the Executive as a member of the Board of DFC
and DFG and as CEO of DFC and DFG or removal of the Executive from any such position;

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               (v) failure of the Executive to be the sole senior most executive officer of the Company or,
following a Change in Control (as defined in Section 5(a) hereof), failure of the Executive to be a
member of the Board and CEO of the successor entities (including, without limitation, the ultimate
parent of such entity);

               (vi) any material breach by DFG, DFC or any of their affiliates, of this Agreement, including
a failure by the Company to pay, grant or provide the Executive any amount, entitlement or benefit
under this Agreement within 90 days of the date it should have been paid, granted or provided; or

               (vii) the dissolution or liquidation of DFG or DFC or any failure of DFG or DFC to obtain the
assumption in writing of its obligation to perform this Agreement by any successor to all or
substantially all of its assets at the time of the merger, consolidation, sale or similar
transaction, except where such assumption occurs by operation of law.

          Delivery by the Company to the Executive of a notice of non-renewal of the Initial Term or any
Renewal Term pursuant to Section 5(a) shall in no event give the Executive the right to terminate
his employment under this Agreement for Good Reason. Unless otherwise provided by this Section 5,
all compensation and benefits paid by the Company to the Executive shall cease upon his last day of
employment. If the Executive terminates his employment for Good Reason on or within 2 years
following a change in control (as defined in Section 5(j) of this Agreement), then the Executive
shall receive the compensation and benefits set forth in Section 5(j) applicable to termination of
the Executive’s employment in relation to a Change in Control, subject to the Executive executing
and delivering to the Company the Release attached hereto as Exhibit A, and it becoming irrevocable
within 60 days following the Executive’s Separation from Service. If the Executive terminates his
employment for Good Reason during the Term other than in connection with a Change in Control, then
the Executive shall, subject to the conditions set forth in last paragraph of Section 5(e)
applicable to Severance Compensation (relating to the execution and non-revocation of the Release
and satisfaction of his obligations under Section 7 and Section 8), receive the compensation and
benefits set forth in Section 5(e) applicable to termination of the Executive’s employment by the
Company without Cause. In both cases, upon the Executive delivering and not revoking such Release,
DFG and DFC agree to execute and promptly deliver the Release attached hereto as Exhibit B to the
Executive. If the Executive delivers the Release and it becomes irrevocable within 60 days of the
Executive’s Separation from Service, the applicable benefits described in this Section 5(i) shall
be due and payable to him; provided, however, that such Release shall not be effective as a release
of claims until the Company delivers the Release attached hereto as Exhibit B to the Executive.

          (j) Termination Without Cause in Connection with a “Change in Control.” In the event
that on or within Twenty Four (24) months following a change in control, the Executive’s employment
with the Company is either (a) terminated by the Company without Cause, or (b) terminated by the
Executive for “Good Reason”, the Executive shall be entitled to the severance benefits provided for
in Section 5(e) of this Agreement, subject to the conditions set forth in last paragraph of Section
5(e) applicable to Severance Compensation (relating to the execution and non-revocation of the
Release and satisfaction of his obligations

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under Section 7 and/or Section 8); provided, however, that in lieu of the benefit described in
Section 5(e)(i) and 5(e)(ii), the Executive shall be entitled to an immediately payable cash lump
sum payment equal to two (2) times the sum of his Base Salary and Target Bonus. Upon the Executive
delivering and not revoking such Release, DFG and DFC agree to execute and promptly deliver the
Release attached hereto as Exhibit B to the Executive. If the Executive delivers the Release and
it becomes irrevocable within 60 days following the Executive’s Separation from Service, the
benefits described in this Section 5(j) shall be due and payable to him; provided, however, that
such Release shall not be effective as a release of claims until the Company delivers the Release
attached hereto as Exhibit B to the Executive. For purposes of this Section 5(j), “change in
control” shall mean a Change in Control as defined below in Section 5(a), provided that such Change
in Control constitutes a change in the ownership or effective control of DFC or DFG (or both), or a
change in the ownership of a substantial portion of the assets of DFC or DFG, in each case within
the meaning of Treas. Reg. § 1.409A-3(i)(5). The enhanced Severance Compensation described in this
Section 5(j) supersedes any other severance payment provided by any Company policy, plan or
practice. Therefore, the Executive shall be disqualified from receiving any severance payment
under any other Company severance policy, plan or practice. Unless otherwise provided by this
Section 5, all compensation and benefits paid by the Company to the Executive shall cease upon his
last day of employment.

          (k) Section 280G of the Code.

               (i) Gross-Up Payment. If the Total Payments would result in the imposition of a
Parachute Excise Tax on the Executive, the Company will make an additional payment to the Executive
in an amount (“Gross-Up Payment”) such that, after the payment of all taxes (including, without
limitation, federal, state and local income, employment, excise and other similar taxes) on both
the Total Payments and the additional payment made pursuant to this Section 5(k)(i), the Executive
will be in the same after-tax position as if no Parachute Excise Tax had been imposed.
Notwithstanding any other provision of this Agreement, no additional payment will be made to the
Executive pursuant to this Section 5(k)(i), and the Total Payments will instead be reduced or
limited to the Capped Amount, if the additional payment described in the preceding sentence would
not cause the Total After-Tax Payments to exceed the Capped Amount (after reduction for all
applicable taxes) by more than 10%; provided, however, any reduction to Total Payments shall be
made first to any cash severance. Any Gross-Up Payment, as determined pursuant to this Section
5(k), shall be timely paid by the Company on behalf of the Executive directly to the appropriate
taxing authorities but in all events no later than the last day of the calendar year after the
calendar year in which the applicable Parachute Excise Tax shall be paid.

               (ii) Measurements and Adjustments. The determination of whether the aggregate
payments, benefits, entitlements or distributions made or provided to the Executive under this
Agreement and under all other plans, programs and agreements of the Company (or any entity
effecting the Change in Control) constitutes Total Payments and, if so, the amount to be paid to
the Executive and the time of payment pursuant to this Section 5(k) shall be made by an independent
auditor (the “Auditor”) selected by the Parties. The Auditor shall be a nationally recognized
United States public accounting firm which has not, during the two years preceding

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the date of its selection, acted in any way on behalf of the Company or any affiliate thereof.
If the Executive and the Company cannot agree on the firm to serve as the Auditor, then the
Executive and the Company shall each designate one accounting firm and those two firms shall
jointly select the accounting firm to serve as the Auditor. All fees and expenses of the Auditor
shall be borne solely by the Company. Any determination by the Auditor shall be binding upon the
Company and the Executive, except as described in the next paragraph.

               (iii) Underpayment or Overpayment. As a result of uncertainty in the application of
Sections 280G and 4999 of the Internal Revenue Code of 1986, as amended from time to time, at the
time of the initial determination by the Auditor hereunder, it is possible that the Gross-Up
Payment made will have been an amount more than the Company should have paid pursuant to this
Section 5(k)(i) (the “Overpayment”) or that the Gross-Up Payment made will have been an amount less
than the Company should have paid pursuant to this Section 5(k)(i) (the “Underpayment”). In the
event that there is a final determination by the Internal Revenue Service, or a final determination
by a court of competent jurisdiction, that an Overpayment has been made, any such Overpayment shall
repaid to the Company by the Executive within 30 days of such determination. In the event that
there is a final determination by the Internal Revenue Service, or a final determination by a court
of competent jurisdiction, any such Underpayment shall be promptly paid by the Company to or for
the benefit of the Executive together with interest at the applicable Federal rate provided for in
Section 7872(f)(2) of the Code, within 30 days of such determination. The Executive shall notify
the Company in writing of any claim by the Internal Revenue Service that, if successful, would
result in an Underpayment and would require the payment by the Company of an additional Gross-Up
Payment. Such notification shall be given as soon as practicable but no later than ten business
days after the Executive is informed in writing of such claim and shall apprise the Company of the
nature of such claim and the date on which such claim is requested to be paid. The Executive shall
not pay such claim prior to the expiration of the 30 calendar day period following the date on
which the Executive gives such notice to the Company (or such shorter period ending on the date
that any payment of taxes with respect to such claim is due). If the Company notifies the
Executive in writing prior to the expiration of such period that it desires to contest such claim,
the Executive shall:

     (A) give the Company any information reasonably requested by the Company relating to
such claim,

     (B) take such action in connection with contesting such claim as the Company shall
reasonably request in writing from time to time, including, without limitation, accepting
legal representation with respect to such claim by an attorney reasonably selected by the
Company,

     (C) cooperate with the Company in good faith in order effectively to contest such
claim, and

     (D) permit the Company to participate in any proceeding relating to such claim;
provided, however, that the Company shall bear and pay directly all costs and expenses
(including additional interest and penalties) incurred in connection with such

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contest and shall indemnify and hold the Executive harmless, on an after-tax basis, for
any Parachute Excise Tax or income or employment tax (including interest and penalties with
respect thereto) imposed as a result of such proceeding and payment of costs and expenses;
with any such payment being timely paid by the Company on behalf of the Executive directly
to the appropriate taxing authorities but in all events Executive shall be paid the amounts
due pursuant to this provision no later than the last day of the year following the year in
which the taxes that are the subject of the proceeding or claim are remitted to the taxing
authority, or if no taxes are due as result of any such proceeding or claim, the end of the
year following the year in which the proceeding or claim is completed or settled.

               (iv) Definitions. For purposes of this Agreement:

                    (A) The term “Total Payments” means the total of all “parachute payments” (as that term is
defined in Section 280G(b)(2) of the Code, but determined without regard to Section
280G(b)(2)(A)(ii)) made to or for the benefit of the Executive, whether made under this Agreement
or otherwise (including any payments, entitlements or benefits made or provided to the Executive
(or on his behalf) by the entity effecting the change in control);

                    (B) The term “Total After-Tax Payments” means the total value of all “parachute payments” (as
that term is defined in Section 280G(b)(2) of the Code) made to or for the benefit of the Executive
(whether made under this Agreement or otherwise) (including any payments, entitlements or benefits
made or provided to the Executive (or on his behalf) by the entity effecting the change in
control), after reduction for all applicable taxes (including, without limitation, the Parachute
Excise Tax);

                    (C) The term “Parachute Excise Tax” means the federal excise tax levied on certain “excess
parachute payments” under Section 4999 of the Code or any successor provision; and

                    (D) The term “Capped Amount” means the largest amount payable to the Executive without causing
the application of a Parachute Excise Tax.

     For the avoidance of doubt, this Section 5(k) applies without regard to whether the
Executive’s employment has been terminated.

          (l) Section 409A. Notwithstanding anything to the contrary in this Agreement or
elsewhere, if Executive is a “specified employee” as determined pursuant to Section 409A of the
Code as of the date of Executive’s Separation From Service and if any payment or benefit provided
for in this Agreement or otherwise both (x) constitutes a “deferral of compensation” within the
meaning of Section 409A and (y) cannot be paid or provided in the manner otherwise provided without
subjecting Executive to “additional tax”, interest or penalties under Section 409A, then any such
payment or benefit that is payable during the first six months following Executive’s Separation
From Service shall be paid or provided to Executive in a cash lump-sum, with interest at LIBOR, on
the first business day of the seventh calendar month following the month in which Executive’s
Separation From Service occurs. In addition, any

-23-

 

payment or benefit due upon a termination of Executive’s employment that represents a
“deferral of compensation” within the meaning of Section 409A shall only be paid or provided to
Executive upon a Separation From Service (as defined in Section 5(b) above). Notwithstanding
anything to the contrary in this Section 5 or elsewhere, any payment or benefit under this Section
5, or otherwise, that is exempt from Section 409A pursuant to Final Treasury Regulation
1.409A-1(b)(9)(v)(A) or (C) shall be paid or provided to Executive only to the extent that the
expenses are not incurred, or the benefits are not provided, beyond the last day of the second
taxable year of Executive following the taxable year of Executive in which the Separation From
Service occurs; and provided further that such expenses are reimbursed no later than the last day
of the third taxable year following the taxable year of Executive in which the Separation From
Service occurs. Finally, for the purposes of this Agreement, amounts payable under
Section 5 shall be deemed not to be a “deferral of compensation” subject to Section 409A to the
extent provided in the exceptions in Treasury Regulation Sections 1.409A-1(b)(4) (“short-term
deferrals”) and (b)(9) (“separation pay plans,” including the exception under subparagraph (iii))
and other applicable provisions of Treasury Regulation Section 1.409A-1 through A-6.

          (m) Continuing Obligations. The Executive acknowledges and agrees that the
non-competition and non-solicitation restrictions set forth in Sections 7 and 8 of this Agreement
will remain in full force and effect for a period of twenty four (24) months following the
termination of his employment for any reason. Furthermore, the obligations imposed on the
Executive with respect to confidentiality, non-disclosure and assignment of rights to inventions or
developments in this Agreement shall continue, notwithstanding the termination of the employment
relationship between the parties.

          (n) Stock Retention. The Executive agrees to retain ownership of a number of shares
of DFC common stock, or DFC common stock that is subject to any of the Executive’s vested and
outstanding options, restricted stock units or stock appreciation rights, at least equal to the
number of such shares granted pursuant to the equity award granted on or about November 1, 2009
until the earliest of (i) the first anniversary of his Retirement or Delayed Retirement, (ii) the
first anniversary of his voluntary termination of employment that is not a Retirement or Delayed
Retirement, (iii) the first anniversary of his termination of employment by the Company for Cause,
(iv) a Change in Control, (v) Executive’s death and (vi) the termination of Executive’s employment
by the Company without Cause or due to Disability, or by the Executive with Good Reason.

     6. Company Property. All correspondence, records, documents, software, promotional materials,
and other Company property, including all copies, which come into the Executive’s possession by,
through or in the course of his employment, regardless of the source and whether created by the
Executive, are the sole and exclusive property of the Company, and immediately upon the termination
of the Executive’s employment, or at any time the Company shall request, the Executive shall return
to the Company all such property of the Company, without retaining any copies, summaries or
excerpts of any kind or in any format whatsoever. The Executive further agrees that should he
discover any Company property or Confidential Company Information in his possession after the
return of such property has been requested, the Executive agrees to return it promptly to Company
without retaining copies, summaries or

-24-

 

excerpts of any kind or in any format whatsoever. Anything to the contrary notwithstanding,
the Executive shall be entitled to retain (a) papers and other materials of a personal nature,
including, but not limited to, correspondence, personal diaries, calendars and Rolodexes, personal
files, phone books and all photographs and artwork purchased for the Executive’s Berwyn, PA office,
(b) information showing his compensation and relating to reimbursement of expenses, (c) information
that he reasonably believes may be needed for tax purposes, (d) copies of plans, programs and
agreements relating to his employment or termination thereof, with the Company and (e) minutes,
presentation materials and personal notes from any meeting of the Board of DFG or DFC, or any
committee thereof, while he was a member of such Board.

     7. Non-Competition. In consideration of the compensation and other benefits to be paid to the
Executive pursuant to this Agreement, the Executive agrees that he will not, without prior written
consent of the Board of DFC, during the Term and for a period of twenty four (24) months after his
termination of employment for any reason:

          (a) directly or indirectly engage in the United States, Canada or any other country in which
Company or any affiliate or subsidiary now or hereafter during the Executive’s period of
employment, conducts business, in any activity which, or any activity for any enterprise or entity
a material part of the business of which, is competitive with the business conducted by Company at
the time of termination or any business that the Company had active and bona fide plans to engage
in at the effective date of the Executive’s termination of employment with the Company, either as
an officer, director, employee, independent contractor or as a 2% or greater owner, partner, or
stockholder in a publicly traded entity (“Competitive Business”); or

          (b) directly or indirectly cause or request a curtailment or cancellation of any significant
business relationship that Company, or any affiliate or subsidiary of the Company, has with a
current or prospective vendor, business partner, supplier or other service or goods provider that
would have a material adverse impact on the business of Company, its affiliates or subsidiaries.

Notwithstanding the foregoing, the Executive shall not be deemed to be in breach of this Section 7
if he provides services to (or engages in activities involving): (x) a subsidiary, division or
affiliate of a Competitive Business and the subsidiary is not itself engaged in a Competitive
Business and the Executive does not provide services to, or have any responsibilities regarding,
the Competitive Business, (y) any entity which is, or is a general partner in, or manages or
participates in managing, a private or public fund (including, without limitation, a hedge fund),
or other investment vehicle, that is engaged in venture capital investments, leveraged buy-outs, or
investments in public or private companies at the mezzanine equity or debt level, or in other forms
of private or alternative equity transactions, or in public equity transaction, which might make
investment which the Executive could not make directly provided that in connection therewith the
Executive does not provide services to, engage in activities involved, or have any responsibilities
regarding any Competitive Business, or (z) any board of which he is a member as of the effective
date of his termination of employment with the Company. Except as otherwise provided in this
Section 7, there are no other contractual restrictions on the activities the

-25-

 

Executive can be involved in following termination of his employment with the Company and, in the
event of any conflict between the provisions of this Section 7 and the provisions of any other
plan, policy, program, arrangement or other agreement with the Company or any affiliate, the
provisions of Section 7 shall control.

     8. Non-Solicitation.

          (a) During the Executive’s employment with the Company and for twenty four (24) months after
termination of his employment for any reason, the Executive will not, directly or indirectly, on
his own behalf or on behalf of any third party, (i) target, recruit, solicit or induce, or attempt
to induce, any employees of the Company, or any affiliate or subsidiary of the Company, to
terminate their employment with, or otherwise cease their relationship with, the Company, affiliate
or subsidiary, as applicable (provided nothing shall prevent the Executive from providing a
personal reference for any employee); or (ii) solicit, divert, reduce, take away, or attempt to
divert, reduce or take away, the business or patronage (with respect to products or services of the
kind or type developed, produced, marketed, furnished or sold by the Company, or any affiliate or
subsidiary of the Company, with which the Executive was substantively involved during the course of
his employment with the Company) of any of the Company’s, its affiliates’ or subsidiaries’ (A)
clients, customers, franchisees, or accounts, or (B) prospective clients, customers, franchisees or
accounts, that were contacted or solicited by the Executive within six (6) months prior to the date
his employment with the Company terminated.

          (b) The Executive acknowledges and understands that, in the event of a breach or threatened
breach of this provision by the Executive, the Company may suffer irreparable harm and will
therefore be entitled to injunctive relief to enforce this provision, which shall be in addition to
any other remedies available to it. Except as otherwise provided in this Section 8, there are no
other contractual restrictions on the Executive soliciting, recruiting or hiring employees or
having contact with clients, customers, franchisees or accounts (prospective or actual) following
termination of his employment with the Company and, in the event of any conflict between the
provisions of this Section 8 and the provisions of any other plan, policy, program, arrangement or
other agreement with the Company or any affiliate, the provisions of Section 8 shall control.

     9. Protection of Confidential Information. The Executive agrees that all information, whether
or not in writing, relating to the business, technical or financial affairs of the Company, its
affiliates and subsidiaries, and that is generally understood in the industry as being confidential
and/or proprietary, is the exclusive property of the Company, affiliates or subsidiaries, as
applicable. The Executive agrees to hold in a fiduciary capacity for the sole benefit of the
Company all secret, confidential or proprietary information, knowledge, data, or trade secret
(“Confidential Information”) relating to the Company or any of its affiliates, subsidiaries, or
their respective clients, which Confidential Information shall have been obtained during his
employment with the Company. The Executive agrees that he will not at any time, either during the
Term or after his termination of employment, disclose to anyone any Confidential Information, or
utilize such Confidential Information for his own benefit, or for the benefit of third parties
without written approval by an officer of the Company. The Executive

-26-

 

further agrees that all intellectual property, business processes, proprietary forms, business
plans, customer lists, memoranda, notes, records, data, schematics, sketches, computer programs,
prototypes, proprietary franchise circulars or similar materials, or written, photographic,
magnetic or other documents or tangible objects compiled by the Executive or made available to the
Executive during his employment concerning the business of the Company, its affiliates,
subsidiaries and/or their respective clients, including any copies of such materials, shall be the
property of the Company, its affiliates or subsidiaries, as applicable, and, except as otherwise
permitted under Section 6 of this Agreement for the Executive to retain such information, shall be
delivered to the Company on the termination of his employment, or at any other time upon request of
the Company. Anything to the contrary notwithstanding, the provisions of this Section 9 shall not
apply (a) when disclosure is required by law or by any court, arbitrator, mediator or
administrative or legislative body (including any committee thereof) with actual or apparent
jurisdiction to order the Executive to disclose or make accessible any information, (b) with
respect to any other litigation, arbitration or mediation involving this Agreement or any other
agreement between or among the Executive and DFG, DFC or any of their affiliates, including,
without limitation, the enforcement of such agreements; (c) as to Confidential Information that
becomes generally known to the public or within the relevant trade or industry other than due to
the Executive’s violation of this Section 9; or (d) in connection with any assistance provided by
the Executive pursuant to Section 10(d) below. In the event of a conflict between the provisions
of this Section 9 and any other provision of any plan, policy, program, arrangement or other
agreement with DFG, DFC or any of its affiliates, the provisions of this Section 9 shall control.

     10. Intellectual Property.

          (a) Disclosure of Inventions. The Executive will promptly disclose in confidence to
the Company all inventions, improvements, processes, products, designs, original works of
authorship, formulas, processes, compositions of matter, computer software programs, Internet
products and services, e-commerce products and services, e-entertainment products and services,
databases, mask works, trade secrets, product improvements, product ideas, new products,
discoveries, methods, software, uniform resource locators or proposed uniform resource locators
(“URLs”), domain names or proposed domain names, any trade names, trademarks or slogans, which may
or may not be subject to or able to be patented, copyrighted, registered, or otherwise protected by
law (the “Inventions”) that the Executive makes, conceives or first reduces to practice or create,
either alone or jointly with others, during the period of his employment, whether or not in the
course of his employment, and whether or not such Inventions are patentable, copyrightable or able
to be protected as trade secrets, or otherwise able to be registered or protected by law.

          (b) Work for Hire; Assignment of Inventions. The Executive acknowledges and agrees
that any copyrightable works prepared by him within the scope of his employment are “works for
hire” under the Copyright Act and that the Company will be considered the author and owner of such
copyrightable works. The Executive agrees that all Inventions that (i) are developed using
equipment, supplies, facilities or trade secrets of the Company, (ii) result from work performed by
him for the Company, or (iii) relate to the

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Company’s business or current or anticipated research and development, will be the sole and
exclusive property of the Company and are hereby irrevocably assigned by the Executive to the
Company from the moment of their creation and fixation in tangible media.

          (c) Assignment of Other Rights. In addition to the foregoing assignment of Inventions
to the Company, the Executive hereby irrevocably transfers and assigns to the Company: (i) all
worldwide patents, patent applications, copyrights, mask works, trade secrets and other
intellectual property rights in any Invention; and (ii) any and all “Moral Rights” (as defined
below) that the Executive may have in or with respect to any Invention. The Executive also hereby
forever waives and agrees never to assert any and all Moral Rights the Executive may have in or
with respect to any Invention, even after termination of his work on behalf of the Company. “Moral
Rights” mean any rights to claim authorship of an Invention, to object to or prevent the
modification of any Invention, or to withdraw from circulation or control the publication or
distribution of any Invention, and any similar right, existing under judicial or statutory law of
any country in the world, or under any treaty, regardless of whether or not such right is
denominated or generally referred to as a “moral right.”

          (d) Assistance. The Executive agrees to assist the Company in every proper way to
obtain for the Company and enforce patents, copyrights, mask work rights, trade secret rights and
other legal protections for the Company’s Inventions in any and all countries. The Executive will
execute any documents that the Company may reasonably request for use in obtaining or enforcing
such patents, copyrights, mask work rights, trade secrets and other legal protections. His
obligations under this section will continue beyond the termination of his employment with the
Company, provided that the Company will compensate him at a reasonable rate after such termination
for time (with such payment to be made within 30 days of the Executive providing such assistance)
or expenses actually spent by him at the Company’s request on such assistance; provided such
expenses shall be paid to the Executive promptly but in no event later that the end of the calendar
year following the calendar year in which they are incurred. The Executive appoints the Secretary
of the Company as his attorney-in-fact to execute documents on his behalf for this purpose.

     11. Injunctive Relief. The Executive understands that, in the event of a breach or threatened
breach of this Agreement by the Executive, the Company may suffer irreparable harm and will
therefore be entitled to injunctive relief, without prior notice to the Executive and without the
posting of a bond or other guarantee, to enforce this Agreement. This provision is not a waiver of
any other rights which the Company may have under this Agreement as well as to any other remedies
available to it, including money damages.

     12. Publicity. Neither Party shall issue, without consent of the other Party, any press
release or make any public announcement with respect to this Agreement or the employment
relationship between them. Following the termination of the Executive’s employment hereunder and
regardless of any dispute that may arise in the future, the Executive and the Company jointly and
mutually agree that they will not intentionally disparage, criticize or make statements which are
negative, detrimental or injurious to the other to any individual, company or client, including
within the Company. Anything to the contrary notwithstanding, the provisions of this Section 12

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shall not prevent any person from (a) responding to incorrect, disparaging or derogatory
statements made by the other Party to the extent reasonably necessary to correct or refute such
statement or (b) making any truthful statement to the extent (i) necessary with respect to any
litigation, arbitration or mediation involving this Agreement or any other agreement between or
among the Executive and DFG, DFC or any of their affiliates, including, without limitation, the
enforcement of such agreements or (ii) required by law or by any court, arbitrator, mediator or
administrative or legislative body (including any committee thereof) with actual or apparent
jurisdiction to order such person to disclose or make accessible such information.

     13. Binding Agreement. This Agreement shall be binding upon and inure to the benefit of the
parties hereto, their heirs, personal representatives, successors and assigns. In the event that
either DFG or DFC is acquired, is a non surviving party in a merger, or transfers substantially all
of its assets, this Agreement shall not be terminated and the transferee or surviving company shall
be bound by the provisions of this Agreement. The parties understand that the obligations of the
Executive are personal and may not be assigned by him, except to the extent permitted by applicable
law, the laws of descent or pursuant to any applicable plan, policy, program, arrangement or
agreement with DFG, DFC or any of their affiliates. If the Executive should die when any amount or
entitlement is due and owing to him under this Agreement or otherwise, such amount or entitlement
shall be paid or provided to his designated beneficiary (or if he has not designated a beneficiary,
to his estate).

     14. Entire Agreement. This Agreement contains the entire understanding of the Executive and
the Company with respect to the subject matter hereof and supersedes any and all prior
understandings, written or oral, with respect thereto, including without limitation the Prior
Agreement. This Agreement may be amended, waived, discharged or terminated only by an instrument
in writing, specifically identified as an amendment to, or waiver, discharge or termination of,
this Agreement, and signed by the Executive and DFC. By entering into this Agreement, the
Executive certifies and acknowledges that he has carefully read all of the provisions of this
Agreement, that he has been afforded ample opportunity to obtain independent advice and evaluation,
that he has relied upon such independent counsel and not upon any representation, statement or
advice (legal or otherwise) said or offered by the Company, and that he voluntarily and knowingly
enters into said Agreement. In the event of any inconsistency between any provision of this
Agreement and any provision of any plan, policy, program, arrangement or other agreement of DFG,
DFC or any of their affiliates, the provisions of this Agreement shall govern. For the avoidance
of doubt, any action by DFC (including, without limitation, any consent to any amendment or waiver
of any provision of this Agreement) shall be deemed to be an action by the Company. In addition,
any notice to DFC by the Executive shall be deemed to be a notice to the Company.

     15. Severability. Any provision of this Agreement which is prohibited or unenforceable in any
jurisdiction shall, as to such jurisdiction, be deemed severable from the remainder of this
Agreement, and the remaining provisions contained in this Agreement shall be construed to preserve
to the maximum permissible extent the intent and purposes of this Agreement.

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     16. Governing Law and Submission to Jurisdiction. This Agreement shall be governed by, and
construed and enforced in accordance with, the laws of the Commonwealth of Pennsylvania, without
giving effect to the principles of conflicts of law thereof.

     17. Notices. Any notice provided for in this Agreement shall be provided in writing. Notices
shall be effective from the date of service, if served personally on the party to whom notice is to
be given, or on the second day after mailing, if mailed by first class mail, postage prepaid or by
a nationally recognized courier service. Notices shall be properly addressed to the parties at
their respective addresses identified below or to such other address as either party may later
specify by notice to the other to the addresses below:

To Executive, to the address on file with the Company from time to time,

With a copy to:

Robert J. Lichtenstein, Esq.

Morgan, Lewis & Bockius LLP

1701 Market St.

Philadelphia, PA 19103-2921

To the Company:

Dollar Financial Group, Inc.

Daylesford Plaza

1436 Lancaster Avenue Suite 300

Berwyn, PA 19312

Attn: Chairman of the Human Resources and Compensation Committee

With a copy to:

Barry M. Abelson, Esq.

Pepper Hamilton LLP

3000 Two Logan Square

Eighteenth and Arch Streets

Philadelphia, PA 19103

     18. Venue. All legal actions arising under this Agreement will be settled by arbitration in
Philadelphia, Pennsylvania, in accordance with the Commercial Arbitration Rules of the American
Arbitration Association, using one arbitrator, and judgment upon the award rendered by the
arbitrator may be entered in any court of competent jurisdiction.

     19. Indemnification. (a) DFG and DFC each agree that if the Executive is made a party to, is
threatened to be made a party to, receives any legal process in, or receives any discovery request
or request for information in connection with, any action, suit or proceeding,

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whether civil, criminal, administrative or investigative (a “Proceeding”), by reason of the fact
that he is or was a director, officer, employee, consultant or agent of DFG or DFC, as the case may
be, or is or was serving at the request of, or on behalf of, either DFG or DFC as a director,
officer, member, employee, consultant or agent of another corporation, limited liability
corporation, partnership, joint venture, trust or other entity, including service with respect to
employee benefit plans, whether or not the basis of such Proceeding is the Executive’s alleged
action in an official capacity while serving as a director, officer, member, employee, consultant
or agent of DFG, DFC or other entity, the Executive shall be indemnified and held harmless by DFG
and DFC to the fullest extent permitted or authorized by its certificate of incorporation or
by-laws or, if greater, by applicable law, against any and all costs, expenses, liabilities and
losses (including, without limitation, attorneys’ fees reasonably incurred, judgments, fines, ERISA
excise taxes or penalties and amounts paid or to be paid in settlement and any reasonable cost and
fees incurred in enforcing his rights to indemnification, contribution or advancement of expenses)
incurred or suffered by the Executive in connection therewith, and such indemnification shall
continue as to the Executive even though he has ceased to be a director, officer, member, employee,
consultant or agent of DFG, DFC or other entity and shall inure to the benefit of the Executive’s
heirs, executors and administrators. The Company shall reimburse the Executive for all costs and
expenses (including, without limitation, reasonable attorneys’ fees) incurred by him in connection
with any Proceeding within 20 business days after receipt by the Company of a written request for
such reimbursement and appropriate documentation associated with these expenses. Such request
shall include an undertaking by the Executive to repay the amount of such advance if it shall
ultimately be determined that he is not entitled to be indemnified against such costs and expenses.

          (b) Neither the failure of DFG or DFC (including its Board, independent legal counsel or
stockholders) to have made a determination prior to the commencement of any proceeding concerning
payment of amounts claimed by the Executive under Section 19(a) above that indemnification of the
Executive is proper because he has met the applicable standard of conduct, nor a determination by
DFG or DFC (including its Board, independent legal counsel or stockholders) that the Executive has
not met such applicable standard of conduct, shall create a presumption or inference that the
Executive has not met the applicable standard of conduct.

          (c) DFG and DFC each agree to continue and maintain a directors’ and officers’ liability
insurance policy covering the Executive at a level, and on terms and conditions, no less favorable
to him than the coverage it provides its directors, or if greater, its senior executives until such
time as suits against the Executive are no longer permitted by law.

          (d) Nothing in this Section 19 shall be construed as reducing or waiving any right to
indemnification, advancement of expenses or coverage under any directors’ and officers’ liability
insurance policies the Executive would otherwise have under DFG’s or DFC’s certificate of
incorporation or by-laws, pursuant to any other agreement with any Party hereto or under applicable
law.

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     20. Attorneys’ Fees and Expenses. In the event of any arbitration or litigation between or
among the Executive and DFG and/or DFC (or any of their affiliates) concerning this Agreement or
any other agreement relating to compensation covered by this Agreement, the prevailing party shall
be entitled to payment by the other party of its costs and expenses (including reasonable legal
fees) in an amount not to exceed $75,000. In connection with the execution of this Agreement, the
Company shall promptly following execution of this Agreement reimburse the Executive for his
reasonable attorneys’ fees incurred in connection herewith. The amount of expenses eligible for
reimbursement under this Section 20 during any calendar year will not affect the amount of expenses
eligible for reimbursement in any other calendar year, such reimbursements for expenses shall be
made in all events no later than the last day of the calendar year following the calendar year in
which the applicable expense is incurred.

     21. No Mitigation. If an event triggering the Executive’s termination of employment occurs,
the Executive need not seek other employment or attempt in any way to reduce the amount of any
payments, benefits or entitlements due to the Executive by the Company under this Agreement. The
amount of any payments, benefits or entitlements due to the Executive under this Agreement shall
not be reduced by any compensation earned by the Executive as the result of any other employment,
consulting relationship or other business activity or engagement post-termination.

     22. No Set-off. Except as otherwise specifically set forth in this Agreement, the Company’s
obligations under this Agreement are absolute and unconditional, and not subject to any set-off,
counterclaim, recoupment, defense or other right that the Company may have against the Executive.

     23. Company Successors. In addition to any obligations imposed by law upon any successor to
the Company, the Company shall require any successor to all or substantially all of the Company’s
business or assets (whether direct or indirect, and whether by purchase, reorganization, merger,
share exchange, consolidation, or otherwise) to expressly assume and agree to perform the Company’s
obligations under this Agreement to the same extent, and in the same manner, as the Company would
be required to perform if no such succession had occurred. This Agreement shall be binding upon,
and inure to the benefit of, any successor to the Company.

     24. Withholding. All payments (or transfers of property) to the Executive will be subject to
tax withholding in accordance with applicable law.

     25. Survivability of Agreement. Upon expiration or termination of the Term of this Agreement,
the respective rights and obligations of the Parties shall survive such expiration to the extent
necessary to carry out the intentions of the Parties as embodied in the rights (such as vested
rights) and obligations of the Parties under this Agreement. This Agreement shall continue in
effect until there are no rights or obligations of the Parties outstanding hereunder and shall not
be terminated by either Party without the express prior written consent of both Parties.

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     26. Miscellaneous.

          (a) No delay or omission by either Party in exercising any right under this Agreement shall
operate as a waiver of that or any other right. A waiver or consent given by the Company or the
Executive on any one occasion shall be effective only in that instance and shall not be construed
as a bar or waiver of any right on any other occasion.

          (b) The captions of the sections of this Agreement are for convenience of reference only and
in no way define, limit or affect the scope or substance of any section of this Agreement.

          (c) The language in all parts of this Agreement will be construed, in all cases, according to
its fair meaning, and not for or against either Party hereto. The Parties acknowledge that each
Party and its or his counsel have reviewed and revised this Agreement and that the normal rule of
construction to the effect that any ambiguities are to be resolved against the drafting party will
not be employed in the interpretation of this Agreement.

          (d) This Agreement may be executed, including execution by facsimile signature, in one or more
counterparts, each of which will be deemed an original, and all of which together shall be deemed
to be one and the same instrument

[Signature page follows]

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     IN WITNESS WHEREOF AND INTENDING TO BE LEGALLY BOUND, each of the parties hereto has caused
this Agreement to be duly executed and delivered under seal, by its authorized officers or
individually, on the date first written above.

	 	 	 	 	 
	 	DOLLAR FINANCIAL GROUP, INC.

 	 
	 	/s/
Randy Underwood	 
	 	Randy Underwood 	 
	 	Executive Vice President and

Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	DFC GLOBAL CORP.

 	 
	 	/s/ Randy Underwood	 
	 	Randy Underwood 	 
	 	Executive Vice President and

Chief Financial Officer 	 
	 

	 	 	 	 	 
	 	/s/
Jeffrey A. Weiss	 
	 	Jeffrey A. Weiss 	 

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EXHIBIT A

FORM OF EXECUTIVE RELEASE

This Release (the “Release”) is entered into by Jeffrey A. Weiss as of the date written
below (“Executive”).

     Section 1. Termination of Employment. Pursuant to Section 5 of the employment agreement
among Dollar Financial Group, Inc., a New York corporation (together with its successors and
assigns, “DFG”), Dollar Financial Corporation (together with its successors and assigns, “DFC”), a
Delaware corporation, and Executive dated as of September 7, 2011 (the “Employment
Agreement”), Executive’s employment has been terminated without Cause, for Good Reason, upon
Retirement, Delayed Retirement or Disability (as all terms are defined in the Employment
Agreement).

     Section 2. Release. (a) In consideration of the payments set forth in the Employment
Agreement and other good and valuable consideration, Executive, on his own behalf and on behalf of
his spouse, heirs, estate, executors, administrators, successors and assigns (collectively,
“Releasors”), hereby fully, irrevocably and unconditionally releases, waives, discharges
and gives up any and all claims which Executive has or may have against DFG and DFC and their
respective parent, subsidiaries, affiliates and divisions (collectively, the “Company”),
and their respective representatives, officers, directors, employees, agents, successors and
assigns (collectively, “Releasees”) relating to or arising out of Executive’s employment
and/or the termination of such employment. This releases Releasees from any and all actions,
demands, causes of action, suits, rights, and/or claims whatsoever for any and all payments and
benefits, debts, sums of money, wages, salary, vacation pay, sick pay, legal fees, damages,
including damages for pain and suffering and emotional harm, arising out of any promise, agreement,
contract, common law, the laws, statutes, and/or regulations of the State of New York or Delaware,
or any other state and the United States, including, but not limited to, federal and state wage and
hour laws, federal and state whistleblower laws, Title VII of the Civil Rights Act of 1964, the
Equal Pay Act, the Americans with Disabilities Act, the Family and Medical Leave Act, the
Employment Retirement Income Security Act, the Fair Labor Standards Act or OSHA, as each may be
amended from time to time, relating to or arising out of Executive’s employment and/or termination
of such employment. This Release releases all such claims up to the date of execution and delivery
of this Agreement by Executive. Notwithstanding anything herein, Executive does not waive or
release claims with respect to (i) any right to enforce this Release or Section 5 of the Employment
Agreement, (ii) any rights to indemnification that Executive may have under the Certificate of
Incorporation, By Laws or equivalent governing documents of DFG, DFC or any affiliate or any
indemnification agreement between Executive and DFG, DFC or any of their affiliates, (iii) any
right to be advanced expenses and any rights to insurance coverage under any directors’ and
officers’ liability insurance policies maintained by DFG, DFC or any of their affiliates for the
benefit of their respective directors and officers, including Executive, in accordance with the
terms of such policies, if any, (iv) any vested rights to receive any benefit under any other
DFG’s, DFC’s or any of their affiliates’ plans, policies, arrangements or other agreements in which
the Executive participated prior to termination, or (v)

-35-

 

Executive’s rights as a shareholder of DFG, DFC or any of their affiliates. Nothing in this
Release shall preclude Executive from (a) participating in any manner in an investigation, hearing
or proceeding conducted by the Equal Employment Opportunity Commission, but Executive hereby waives
any and all rights to recover under, or by virtue of, any such investigation, hearing or proceeding
or (b) exercising Executive’s rights under Section 601-608 of the Employee Retirement Income
Security Act of 1974, as amended, popularly known as COBRA. For the avoidance of doubt, the
Executive is not waiving any rights to enforce his rights under Sections 6 through 26 of the
Employment Agreement.

     (b) The release of any claims against individuals, representatives or agents shall be limited
to claims relating to such individual’s, representative’s or agent’s work in any capacity for DFG,
DFC or their successors, assigns, parent or affiliates.

     Section 3. Construction of Release. In the event that one or more of the provisions
contained in this Release shall for any reason be held unenforceable in any respect under the law
of any state of the United States, such unenforceability shall not affect any other provision of
this Release, but this Release shall then be construed as if such unenforceable provision or
provisions had never been contained herein. This Release shall be governed under the laws of the
Commonwealth of Pennsylvania, without reference to choice of law principles and the state and
federal courts of the Commonwealth of Pennsylvania shall be the sole jurisdiction in which to
resolve any disputes arising out of this Release.

     Section 4. Opportunity for Review. EXECUTIVE ACKNOWLEDGES THAT EXECUTIVE HAS READ AND FULLY
UNDERSTANDS THIS RELEASE AND REPRESENTS THAT PRIOR TO SIGNING THIS RELEASE EXECUTIVE HAS BEEN
ADVISED TO, AND HAS HAD AN OPPORTUNITY TO, CONSULT EXECUTIVE’S COUNSEL WITH RESPECT TO THIS RELEASE
AND EXECUTIVE GIVES IT FREELY AND VOLUNTARILY. EXECUTIVE UNDERSTANDS THAT EXECUTIVE HAS BEEN GIVEN
AT LEAST TWENTY-ONE (21) DAYS TO REVIEW THIS RELEASE BEFORE SIGNING IT. EXECUTIVE FURTHER
ACKNOWLEDGES THAT HE IS ENTERING INTO THIS RELEASE, FREELY, KNOWINGLY, AND VOLUNTARILY, WITH A FULL
UNDERSTANDING OF ITS TERMS. EXECUTIVE ALSO ACKNOWLEDGES THAT HE SHALL HAVE 7 DAYS FROM THE DATE HE
SIGNS THIS RELEASE TO REVOKE THE RELEASE BY NOTIFYING DFC’s GENERAL COUNSEL IN WRITING.

     IN WITNESS WHEREOF AND INTENDING TO BE LEGALLY BOUND, Executive has signed this Release as of
the date written below.

	 	 	 	 	 
	 	
 	 
	 	Jeffrey A. Weiss 	 
	 	
 	 
	 	Date: 	 	 

-36-

 

	 	 	 	 	 

EXHIBIT B

FORM OF COMPANY RELEASE

This Release (the “Release”) is entered into by Dollar Financial Group, Inc., a New York
corporation (together with its successors and assigns, “DFG”) and Dollar Financial Corporation
(together with its successors and assigns, “DFC”), a Delaware corporation, as of the date written
below and releases Jeffrey A. Weiss (“Executive”).

     Section 1. Termination of Employment. Pursuant to Section 5 of the employment agreement
among DFG, DFC and the Executive dated as of September 7, 2011 (the “Employment
Agreement”), Executive’s employment has been terminated without Cause, for Good Reason, upon
Retirement, Delayed Retirement or Disability (as all terms are defined in the Employment
Agreement).

     Section 2. Release. In consideration of the Executive’s release of claims against DFG, DFC,
their affiliates and related parties, and other good and valuable consideration, DFG and DFC, on
their own behalf and on behalf of their respective subsidiaries and divisions (collectively, the
“Company”), hereby fully, irrevocably and unconditionally releases, waives, discharges and
gives up any and all claims which the Company has or may have against the Executive or his spouse,
dependents, heirs, agents, estate, executors, administrators, successors and assigns relating to or
arising out of Executive’s employment and/or the termination of such employment. This Release
releases Executive and his spouse, dependents, heirs, agents, estate, executors, administrators,
successors and assigns from any and all actions, demands, causes of action, suits, rights, and/or
claims whatsoever for any and all payments and benefits, debts, sums of money, arising out of any
promise, agreement, contract, common law, the laws, statutes, and/or regulations of the State of
New York or Delaware, or any other state and the United States, including any claim for breach of
fiduciary duty. This Release releases all such claims up to the date of execution and delivery of
this Agreement by DFG and DFC. Notwithstanding anything herein, the Company does not waive or
release claims with respect to any right to enforce this Release or Sections 7 through 26 of the
Employment Agreement, or any claim, demand, obligation, or cause of action that is based on any
fraudulent act by the Executive, the Executive’s willful misconduct, or on facts or claims unknown
to the Company on or prior to the date of this Release. A fact or claim shall not be deemed to be
unknown by the Company if any officer or director as of the date of this Release (other than the
Executive) knows, or reasonably should have known, of such fact or claim.

     Section 2. Construction of Release. In the event that one or more of the provisions
contained in this Release shall for any reason be held unenforceable in any respect under the law
of any state of the United States, such unenforceability shall not affect any other provision of
this Release, but this Release shall then be construed as if such unenforceable provision or
provisions had never been contained herein. This Release shall be governed under the laws of the
Commonwealth of Pennsylvania, without reference to choice of law principles and the state and
federal courts of the Commonwealth of Pennsylvania shall be the sole jurisdiction in which to
resolve any disputes arising out of this Release.

 

     IN WITNESS WHEREOF AND INTENDING TO BE LEGALLY BOUND, DFG and DFC have signed this Release as
of the date written below.

	 	 	 	 	 
	 	DOLLAR FINANCIAL GROUP, INC.

 	 
	 	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	
 	 
	 	Date:  	 	 
	 

	 	 	 	 	 
	 	DFC GLOBAL CORP.

 	 
	 	
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 	
 	 
	 	Date:  	 	 
	 

38

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