Document:

Unlimited Continuing Guaranty Agreement

 Exhibit 10.3 
 UNLIMITED CONTINUING GUARANTY 
 THIS UNLIMITED CONTINUING GUARANTY (this “Guaranty
Agreement”), dated as of December 7, 2007, is made by QC E-Services, Inc., a Kansas corporation, QC Auto Services, Inc., a Kansas corporation and QC Loan Services, Inc., a Kansas corporation (each individually a “Guarantor” and
collectively, the “Guarantors”), for the benefit of U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States, as agent (in such capacity, the “Agent”) for
each of the lenders (the “Lenders”) now or hereafter party to the Amended and Restated Credit Agreement (as defined below). All capitalized terms used but not otherwise defined herein shall have the meanings ascribed to such terms in the
Amended and Restated Credit Agreement (as defined below). 
 W I T N E S S E T H: 
 WHEREAS, the Lenders have agreed to provide to QC Holdings, Inc., a Kansas corporation (“Borrower”) revolving credit (which includes
provisions permitting the issuance of letters of credit), swingline and term loan facilities pursuant to the terms of that certain Amended and Restated Credit Agreement dated as of December 7, 2007, among the Borrower, the Agent and the Lenders
(as from time to time amended, modified, supplemented or restated, the “Amended and Restated Credit Agreement”); and 
 WHEREAS, each Guarantor is owned, directly or indirectly, by Borrower and will materially benefit from the Loans made and the Letters of Credit issued and to be issued, under the Amended and Restated Credit Agreement to Borrower; and

 WHEREAS, each Guarantor is required to enter into this Guaranty Agreement pursuant to the terms of the Amended and Restated Credit
Agreement; and 
 WHEREAS, a material part of the consideration given in connection with and as an inducement to the execution and
delivery of the Amended and Restated Credit Agreement by the Agent and the Lenders was the obligation of the Borrower to cause each Guarantor to enter into this Guaranty Agreement; and 
 WHEREAS, the Lenders are unwilling to extend and/or maintain the credit facilities provided under the Loan Documents unless each Guarantor enters
into this Guaranty Agreement; 
 NOW, THEREFORE, in consideration of the premises and mutual covenants contained herein, the parties
hereto agree as follows: 
 1. Guaranty. Each Guarantor hereby unconditionally, absolutely, continually and irrevocably
guarantees, on a joint and several basis, to the Agent for the benefit of the Lenders the payment and performance in full of the Borrower’s Liabilities (as defined below). For all purposes of this Guaranty Agreement, “Borrower’s
Liabilities” means: (a) the Borrower’s prompt payment in full, when due or declared due and at all such times, of all Obligations and all other amounts pursuant to the terms of the Amended and Restated Credit Agreement, the Notes, and
all other Loan Documents heretofore, now or at any time or times hereafter owing, arising, due or payable from the Borrower to the Agent or any one or more of the Lenders, including principal, interest, premiums and fees (including, but not limited
to, loan fees and attorneys’ fees 

 
and expenses); (b) the Borrower’s prompt, full and faithful performance, observance and discharge of each and every agreement, undertaking,
covenant and provision to be performed, observed or discharged by the Borrower under the Amended and Restated Credit Agreement and all other Loan Documents; and (c) the Borrower’s prompt payment in full, when due or declared due and at all
such times, of any obligations now or hereafter arising under any interest rate or currency swap, rate cap or similar transaction (the “Hedge Agreements”). The Guarantors’ obligations to the Agent and the Lenders under this Guaranty
Agreement are hereinafter referred to as the “Guarantors’ Obligations”. Notwithstanding the foregoing, the liability of each Guarantor with respect to the Guarantors’ Obligations shall be limited to an aggregate amount equal to
the largest amount that would not render its obligations hereunder subject to challenge under Section 548 of the United States Bankruptcy Code or any comparable provisions of any applicable state law. 
 Each Guarantor agrees that it is directly and primarily liable on a joint and several basis (subject to the limitation in the immediately preceding
sentence) for the Borrower’s Liabilities. 
 The Guarantors’ Obligations are secured by various security instruments referred to in
the Amended and Restated Credit Agreement, including without limitation the Subsidiary Security Agreement. 
 2. Payment. If
the Borrower shall default in payment or performance of the Borrower’s Liabilities, whether principal, interest, premium, fee (including, but not limited to, loan fees and attorneys’ fees and expenses), or otherwise, when and as the same
shall become due, and after expiration of any applicable grace period, whether according to the terms of the Amended and Restated Credit Agreement, by acceleration, or otherwise, or upon the occurrence and during the continuance of any Event of
Default under the Amended and Restated Credit Agreement, then each Guarantor will, upon demand thereof by the Agent, fully pay to the Agent, for the benefit of the Lenders, subject to any restriction on the Guarantors’ Obligations set forth in
Section 1 hereof, an amount equal to all the Borrower’s Liabilities then due and owing. 
 3. Absolute Rights and
Obligations. This is a guaranty of payment and not of collection. The Guarantors’ Obligations under this Guaranty Agreement shall be joint and several, absolute and unconditional irrespective of, and each Guarantor hereby expressly
waives, to the extent permitted by law, any defense to its obligations under this Guaranty Agreement and all security instruments to which it is a party by reason of: 
 (a) any lack of legality, validity or enforceability of the Amended and Restated Credit Agreement, of any of the Notes, of any other Loan
Document, or of any other agreement or instrument creating, providing security for, or otherwise relating to any of the Guarantors’ Obligations, the Borrower’s Liabilities, or any other guaranty of any of the Borrower’s Liabilities
(the Loan Documents and all such other agreements and instruments being collectively referred to as the “Related Agreements”); 
 (b) any exercise of any right or power under any of the Related Agreements, any failure or omission to enforce any right conferred thereby, or any waiver of any covenant or condition therein provided; 
  

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 (c) any permitted acceleration of the maturity of the Borrower’s Liabilities, of the
Guarantors’ Obligations, or of any other obligations or liabilities of any Person under any of the Related Agreements; 
 (d) any release, exchange, non-perfection, lapse in perfection, disposal, deterioration in value, or impairment of any security for the Borrower’s Liabilities, for any of the Guarantors’ Obligations, or for any other obligations
or liabilities of any Person under any of the Related Agreements; 
 (e) any dissolution of any Borrower or any Guarantor or
any other party to a Related Agreement, or the combination or consolidation of Borrower or any Guarantor or any other party to a Related Agreement into or with another entity or any transfer or disposition of any assets of Borrower or any Guarantor
or any other party to a Related Agreement; 
 (f) any extension (including without limitation extensions of time for payment),
renewal, amendment, restructuring or restatement of, and any acceptance of late or partial payments under, the Amended and Restated Credit Agreement, any of the Notes or any other Loan Document or any other Related Agreement, in whole or in part;

 (g) the existence, addition, modification, termination, reduction or impairment of value, or release of any other guaranty
(or security therefor) of the Borrower’s Liabilities; 
 (h) any waiver of, forbearance or indulgence under, or other
consent to any change in or departure from any term or provision contained in the Amended and Restated Credit Agreement, any other Loan Document or any other Related Agreement, including without limitation any term pertaining to the payment or
performance of the Borrower’s Liabilities, any of the Guarantors’ Obligations, or any of the obligations or liabilities of any party to any other Related Agreement; and 
 (i) any other circumstance whatsoever (with or without notice to or knowledge of Guarantor) which may or might in any manner or to any
extent vary the risks of Guarantor, or might otherwise constitute a legal or equitable defense available to, or discharge of, a surety or a guarantor, including without limitation any right to require or claim that resort be had to the Borrower or
any other Guarantor or to any collateral in respect of the Borrower’s Liabilities or Guarantors’ Obligations. 
 It
is the express purpose and intent of the parties hereto that this Guaranty Agreement and the Guarantors’ Obligations hereunder shall be absolute and unconditional under any and all circumstances and shall not be discharged except by payment as
herein provided. 
 4. Currency and Funds of Payment. All Guarantors’ Obligations will be paid in lawful currency of the
United States of America and in immediately available funds, regardless of any law, regulation or decree now or hereafter in effect that might in any manner affect the Borrower’s Liabilities, or the rights of any Secured Party with respect
thereto as against any Borrower, or cause or permit to be invoked any alteration in the time, amount or manner of payment by the Borrower of any or all of the Borrower’s Liabilities. 
  

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 5. Events of Default. Without limiting the provisions of Section 2 hereof, in
the event that there shall occur and be continuing an Event of Default, then notwithstanding any collateral or other security or credit support for the Borrower’s Liabilities, at the Agent’s election and without notice thereof or demand
therefor, the Guarantors’ Obligations shall immediately be and become due and payable. 
 6. Subordination. Until this
Guaranty Agreement is terminated in accordance with Section 23 hereof, each Guarantor hereby unconditionally subordinates all present and future debts, liabilities or obligations now or hereafter owing to such Guarantor (i) of the
Borrower, to the payment in full of the Borrower’s Liabilities, and (ii) of every other Guarantor (an “obligated guarantor”), to the payment in full of the Guarantors’ Obligations of such obligated guarantor. All amounts due
under such subordinated debts, liabilities, or obligations shall, upon the occurrence and during the continuance of an Event of Default, be collected and, upon request by the Agent, paid over forthwith to the Agent for the benefit of the Lenders on
account of the Borrower’s Liabilities, the Guarantors’ Obligations, or such other obligations, as applicable, and, after such request and pending such payment, shall be held by such Guarantor as agent and bailee of the Agent and the
Lenders separate and apart from all other funds, property and accounts, of such Guarantor. 
 7. Suits. In the event there
shall occur and be continuing an Event of Default, each Guarantor from time to time shall pay to the Agent for the benefit of the Lenders, on demand, at the Agent’s place of business set forth in the Amended and Restated Credit Agreement or
such other address as the Agent shall give notice of to Guarantor, the Guarantors’ Obligations as they become or are declared due, and in the event such payment is not made forthwith, the Agent may proceed to suit against each Guarantor. At the
Agent’s election, one or more and successive or concurrent suits may be brought hereon by the Agent against each Guarantor, whether or not suit has been commenced against the Borrower, any other Guarantor, or any other Person and whether or not
the Agent has taken or failed to take any other action to collect all or any portion of the Borrower’s Liabilities or have taken or failed to take any actions against any collateral securing payment or performance of all or any portion of the
Borrower’s Liabilities, and irrespective of any event, occurrence, or condition described in Section 3 hereof. 
 8.
Set-Off and Waiver. Each Guarantor waives any right to assert against any Secured Party as a defense, counterclaim, set-off, recoupment or cross claim, any defense (legal or equitable) or other claim which such Guarantor may now or at
any time hereafter have against Borrower or any Secured Party (with respect to Secured Party, this waiver shall not apply to a defense, counterclaim set-off, recoupment or cross claim arising solely out of Secured Party’s gross negligence or
willful misconduct) without waiving any additional defenses, set-offs, counterclaims or other claims otherwise available to such Guarantor. Each Guarantor agrees that each Secured Party shall have a lien for all the Guarantors’ Obligations upon
all deposits or deposit accounts, of any kind, or any interest in any deposits or deposit accounts, now or hereafter pledged, mortgaged, transferred or assigned to such Secured Party or otherwise in the possession or control of such Secured Party
for any purpose (other than solely for safekeeping) for the account or benefit of such Guarantor, including any balance of any deposit account or of 

  

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any credit of such Guarantor with the Secured Party, whether now existing or hereafter established, and hereby authorizes each Secured Party from and after
the occurrence of an Event of Default at any time or times with or without prior notice to apply such balances or any part thereof to such of the Guarantors’ Obligations to the Agent and the Lenders then due and in such amounts as provided for
in the Amended and Restated Credit Agreement. For the purposes of this Section 8, all remittances and property shall be deemed to be in the possession of the Agent or a Lender as soon as the same may be put in transit to it by mail or
carrier or by other bailee. 
 9. Waiver of Notice; Subrogation. 
 (a) Each Guarantor hereby waives to the extent permitted by law notice of the following events or occurrences: (i) acceptance of this
Guaranty Agreement; (ii) the Lenders’ heretofore, now or from time to time hereafter making Loans and issuing Letters of Credit and otherwise loaning monies or extending credit to or for the benefit of Borrower, whether pursuant to the
Amended and Restated Credit Agreement or the Notes or any other Loan Document or Related Agreement or any amendments, modifications, or supplements thereto, or replacements or extensions thereof, (iii) presentment, demand, default, non-payment,
partial payment and protest, and (iv) any other event, condition, or occurrence described in Section 3 hereof. 
 (b) Each Guarantor hereby agrees that payment or performance by such Guarantor of its Guarantors’ Obligations under this Guaranty Agreement may be enforced by the Agent on behalf of the Lenders upon demand by the Agent to such
Guarantor without the Agent being required, such Guarantor expressly waiving to the extent permitted by law any right it may have to require the Agent, to (i) prosecute collection or seek to enforce or resort to any remedies against any
Borrower or any other Guarantor of the Borrower’s Liabilities, or (ii) seek to enforce or resort to any remedies with respect to any security interests, Liens or encumbrances granted to the Agent or any Lender or other party to a Related
Agreement by Borrower, any other Guarantor or any other Person on account of the Borrower’s Liabilities or any guaranty thereof, IT BEING EXPRESSLY UNDERSTOOD, ACKNOWLEDGED AND AGREED TO BY SUCH GUARANTOR THAT DEMAND UNDER THIS GUARANTY
AGREEMENT MAY BE MADE BY THE AGENT, AND THE PROVISIONS HEREOF ENFORCED BY THE AGENT, EFFECTIVE AS OF THE FIRST DATE ANY EVENT OF DEFAULT OCCURS AND IS CONTINUING UNDER THE AMENDED AND RESTATED CREDIT AGREEMENT. 
 (c) Each Guarantor further agrees with respect to this Guaranty Agreement that it shall have no right of subrogation, reimbursement,
contribution or indemnity, nor any right of recourse to security for the Borrower’s Liabilities unless and until 93 days immediately following the Termination Date shall have elapsed without the filing or commencement, by or against Borrower or
Guarantor, of any state or federal action, suit, petition or proceeding seeking any reorganization, liquidation or other relief or arrangement in respect of creditors of, or the appointment of a receiver, liquidator, trustee or conservator in
respect to Borrower or Guarantor or its assets. This waiver is expressly intended to prevent the existence of any claim in respect to such subrogation, reimbursement, contribution or indemnity by any Guarantor against the estate of 

  

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Borrower or Guarantor within the meaning of Section 101 of the Bankruptcy Code, in the event of a subsequent case involving any other Borrower or
Guarantor. If an amount shall be paid to Guarantor on account of such rights at any time prior to termination of this Guaranty Agreement in accordance with the provisions of Section 23 hereof, such amount shall be held in trust for the
benefit of the Agent and the Lenders and shall forthwith be paid to the Agent, for the benefit of the Lenders, to be credited and applied upon the Guarantors’ Obligations, whether matured or unmatured, in accordance with the terms of the
Amended and Restated Credit Agreement or otherwise as the Agent may elect. The agreements in this subsection shall survive repayment of all of the Guarantors’ Obligations, the termination or expiration of this Guaranty Agreement in any manner,
including but not limited to termination in accordance with Section 23 hereof, and occurrence of the Termination Date. 
 10.
Effectiveness; Enforceability. This Guaranty Agreement shall be effective as of the date first above written and shall continue in full force and effect until termination in accordance with Section 23 hereof. Any claim or
claims that the Agent or the Lenders may at any time hereafter have against any Guarantor under this Guaranty Agreement may be asserted by the Agent for itself or on behalf of the Lenders by written notice directed to such Guarantor in accordance
with Section 25 hereof. 
 11. Representations, Warranties and Covenants. Each Guarantor warrants and represents to
the Agent, for the benefit of the Lenders that it is duly authorized to execute, deliver and perform this Guaranty Agreement; that this Guaranty Agreement has been duly executed and delivered on behalf of such Guarantor by its duly authorized
representatives; that this Guaranty Agreement is legal, valid, binding and enforceable against such Guarantor in accordance with its terms except as enforceability may be limited by bankruptcy, insolvency, reorganization, moratorium or similar laws
affecting the enforcement of creditors’ rights generally and by general equitable principles; and that such Guarantor’s execution, delivery and performance of this Guaranty Agreement do not violate or constitute a breach of any of its
organizational documents, any agreement or instrument to which such Guarantor is a party, or any law, order, regulation, decree or award of any governmental authority or arbitral body to which it or its properties or operations is subject.

 12. Expenses. Each Guarantor agrees to be jointly and severally liable for the payment of all reasonable fees and expenses,
including attorneys’ fees, incurred by any Secured Party in connection with the enforcement of this Guaranty Agreement, whether or not suit be brought. 
 13. Reinstatement. Each Guarantor agrees that this Guaranty Agreement shall continue to be effective or be reinstated, as the case may be, at any time payment received by any Secured Party in respect of
any Borrower’s Liabilities is rescinded or must be restored for any reason. 
 14. Attorney-in-Fact. To the extent
permitted by law, each Guarantor hereby appoints the Agent, for the benefit of the Lenders, as Guarantor’s attorney-in-fact for the purposes of carrying out the provisions of this Guaranty Agreement and taking any action and executing any
instrument which the Agent may deem necessary or advisable to accomplish the 

  

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purposes hereof, which appointment is coupled with an interest and is irrevocable; provided, that the Agent shall have and may exercise rights under
this power of attorney only upon the occurrence and during the continuance of an Event of Default. 
 15. Reliance. Each
Guarantor represents and warrants to the Agent, for the benefit of the Lenders, that: (a) such Guarantor has adequate means to obtain on a continuing basis (i) from the Borrower, information concerning the Borrower and the Borrower’s
financial condition and affairs and (ii) from other reliable sources, such other information as it deems material in deciding to provide this Guaranty Agreement (“Other Information”‘), and has full and complete access to the
Borrower’s books and records and to such Other Information; (b) such Guarantor is not relying on any Secured Party or its or their employees, directors, agents or other representatives or affiliates, to provide any such information, now or
in the future; (c) such Guarantor has been furnished with and reviewed the terms of the Amended and Restated Credit Agreement and such other Loan Documents as it has requested, is executing this Guaranty Agreement freely and deliberately, and
understands the obligations and financial risk undertaken by providing this Guaranty Agreement; (d) such Guarantor has relied solely on the Guarantor’s own independent investigation, appraisal and analysis of the Borrower, the
Borrower’s financial condition and affairs, the “Other Information”, and such other matters as it deems material in deciding to provide this Guaranty Agreement and is fully aware of the same; and (e) such Guarantor has not
depended or relied on any Secured Party or its or their employees, directors, agents or other representatives or affiliates, for any information whatsoever concerning the Borrower or the Borrower’s financial condition and affairs or any other
matters material to Guarantor’s decision to provide this Guaranty Agreement, or for any counseling, guidance, or special consideration or any promise therefor with respect to such decision. Each Guarantor agrees that no Secured Party has any
duty or responsibility whatsoever, now or in the future, to provide to such Guarantor any information concerning the Borrower or the Borrower’s financial condition and affairs, or any Other Information, other than as expressly provided herein,
and that, if such Guarantor receives any such information from any Secured Party or its or their employees, directors, agents or other representatives or affiliates, such Guarantor will independently verify the information and will not rely on any
Secured Party or its or their employees, directors. agents or other representatives or affiliates, with respect to such information. 
 16.
Rules of Interpretation. The rules of interpretation contained in Section 1.02 of the Amended and Restated Credit Agreement shall be applicable to this Guaranty Agreement and are hereby incorporated by reference. All
representations and warranties contained herein shall survive the delivery of documents and any extension of credit referred to herein or guaranteed hereby. 
 17. Entire Agreement. This Guaranty Agreement, together with the Amended and Restated Credit Agreement and other Loan Documents, constitutes and expresses the entire understanding between the parties
hereto with respect to the subject matter hereof, and supersedes all prior negotiations, agreements, understandings, inducements, commitments or conditions, express or implied, oral or written, except as herein contained. The express terms hereof
control and supersede any course of performance or usage of the trade inconsistent with any of the terms hereof. Except as provided in Section 23, neither this Guaranty Agreement nor any portion or provision hereof may be changed,
altered, modified, supplemented, discharged, canceled, terminated, or amended orally or in any manner other than as provided in the Amended and Restated Credit Agreement. 
  

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 18. Binding Agreement; Assignment. This Guaranty Agreement, and the terms, covenants and
conditions hereof, shall be binding upon and inure to the benefit of the parties hereto, and to their respective heirs, legal representatives, successors and assigns; provided, however, that no Guarantor shall not be permitted to
assign any of its rights, powers, duties or obligations under this Guaranty Agreement or any other interest herein without the prior written consent of the Agent. Without limiting the generality of the foregoing sentence of this
Section 18, any Lender may assign to one or more Persons, or grant to one or more Persons participations in or to, all or any part of its rights and obligations under the Amended and Restated Credit Agreement (to the extent permitted by
the Amended and Restated Credit Agreement); and to the extent of any such assignment or participation such other Person shall, to the fullest extent permitted by law, thereupon become vested with all the benefits in respect thereof granted to such
Lender herein or otherwise, subject however, to the provisions of the Amended and Restated Credit Agreement, including Article IX thereof (concerning the Agent) and Section 11.07 thereof concerning assignments and participations. All
references herein to the Agent shall include any successor thereof. 
 19. Hedge Agreements. All obligations of the Borrower
under Hedge Agreements to which any Lender or its Affiliates are a party shall be deemed to be Borrower’s Liabilities, and each Lender or Affiliate of a Lender party to any such Hedge Agreement shall be deemed to be a Secured Party hereunder
with respect to such Borrower’s Liabilities; provided, however, that such obligations shall cease to be Borrower’s Liabilities at such time as such Person (or Affiliate of such Person) shall cease to be a “Lender”
under the Amended and Restated Credit Agreement. 
 20. Severability. The provisions of this Guaranty Agreement are independent
of and separable from each other. If any provision hereof shall for any reason be held invalid or unenforceable, such invalidity or unenforceability shall not affect the validity or enforceability of any other provision hereof, but this Guaranty
Agreement shall be construed as if such invalid or unenforceable provision had never been contained herein. 
 21.
Counterparts. This Guaranty Agreement may be executed in any number of’ counterparts each of which when so executed and delivered shall be deemed an original, and it shall not be necessary in making proof of this Guaranty
Agreement to produce or account for more than one such counterpart executed by the Guarantor. 
 22. Indemnification. Without
limitation of Section 11.05 of the Amended and Restated Credit Agreement or any other indemnification provision in any Loan Document, each Guarantor agrees to indemnify and hold harmless each Secured Party and each of their affiliates and their
respective officers, directors, employees, agents, and advisors (each, an “Indemnified Party”) from and against any and all claims, damages, losses, liabilities, costs, and expenses (including, without limitation, reasonable
attorneys’ fees) that may be incurred by or asserted or awarded against any Indemnified Party, in each case arising out of or in connection with or by reason of (including, without limitation, in connection with any litigation or proceeding or
preparation of defense in connection therewith) the Loan Documents, any of the transactions contemplated herein or the actual or proposed use of the proceeds of the Loans or other extension 

  

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of credit under the Loan Documents, except to the extent such claim, damage, loss, liability, cost, or expense resulted from such Indemnified Party’s
gross negligence or willful misconduct. In the case of litigation or other proceeding to which the indemnity in this Section 22 applies, such indemnity shall be effective whether or not such litigation or proceeding is brought by such Guarantor
or any other Borrower or any other Guarantor, any of their respective directors, shareholders or creditors, or an Indemnified Party or any other Person, or any Indemnified Party is otherwise a party thereto and whether or not the transactions
contemplated hereby are consummated. Each Guarantor agrees that no Indemnified Party shall have any liability (whether direct or indirect, in contract or tort or otherwise) to it, any of its subsidiaries or Affiliates, or any security holders or
creditors thereof arising out of, related to or in connection with the transactions contemplated herein, except to the extent that such liability resulted from such Indemnified Party’s gross negligence or willful misconduct. Each Guarantor
agrees not to assert any claim against any Secured Party, any of its Affiliates, or any of their directors, officers, employees, attorneys, agents, or advisers, on any theory of liability, for special, indirect, consequential, or punitive damages
arising out of or otherwise relating to the Loan Documents, any of the transactions contemplated therein or the actual or proposed use of the proceeds of the Loans or other extension of credit under the Loan Documents. The Guarantors and the
Borrower, as a whole, will not be obligated under this Section 22 or any indemnification provision of any other Loan Document for (i) more than one firm of attorneys (together with local counsel from other firms, if reasonably
necessary) representing Agent and all Lenders on any matter for which indemnification is sought, or (ii) any disputes or claims between the Agent and any one or more of the Lenders or between any Lender with one or more other Lenders. The
agreements in this Section 22 shall survive repayment of all of the Guarantors’ Obligations and the termination or expiration of this Guaranty Agreement in any manner, including but not limited to termination upon occurrence of the
Termination Date. 
 23. Termination. Subject to reinstatement pursuant to Section 13 hereof, this Guaranty
Agreement and all of the Guarantors’ Obligations hereunder (excluding those obligations and liabilities that expressly survive such termination) shall terminate on the Termination Date. 
 24. Remedies Cumulative; Late Payments. All remedies hereunder are cumulative and are not exclusive of any other rights and remedies of the
Agent or any other Secured Party provided by law or under the Amended and Restated Credit Agreement, the other Loan Documents or other applicable agreements or instruments. The making of the Loans and other extensions of credit to the Borrower
pursuant to the Amended and Restated Credit Agreement shall be conclusively presumed to have been made or extended, respectively, in reliance upon each Guarantor’s guaranty of the Borrower’s Liabilities pursuant to the terms hereof. Any
amounts not paid when due under this Guaranty Agreement shall bear interest at the Default Rate. 
 25. Notices. Any notice
required or permitted hereunder shall be given, (a) with respect to each Guarantor, at the address of the Borrower indicated in Section 11.02 of the Amended and Restated Credit Agreement and (b) with respect to the Agent or any
other Secured Party, at the Agent’s address indicated in Section 11.02 of the Amended and Restated Credit Agreement. All such addresses may be modified, and all such notices shall be given and shall be effective, as provided in
Section 11.02 of the Amended and Restated Credit Agreement. 
  

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 26. Governing Law, Venue; Waiver of Jury Trial. 
 (a) THIS AGREEMENT SHALL BE GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF KANSAS APPLICABLE TO CONTRACTS
EXECUTED, AND TO BE FULLY PERFORMED, IN SUCH STATE. 
 (b) EACH GUARANTOR HEREBY EXPRESSLY AND IRREVOCABLY AGREES AND
CONSENTS THAT ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO THIS AGREEMENT AND THE TRANSACTIONS CONTEMPLATED HEREIN MAY BE INSTITUTED IN ANY STATE OR FEDERAL COURT SITTING IN THE COUNTY OF JOHNSON, STATE OF KANSAS, UNITED STATES OF
AMERICA AND, BY THE EXECUTION AND DELIVERY OF THIS AGREEMENT, GUARANTOR EXPRESSLY WAIVES ANY OBJECTION THAT IT MAY NOW OR HEREAFTER HAVE TO THE LAYING OF VENUE IN, OR TO THE EXERCISE OF JURISDICTION OVER IT AND ITS PROPERTY BY, ANY SUCH COURT IN ANY
SUCH SUIT, ACTION OR PROCEEDING, AND EACH GUARANTOR HEREBY IRREVOCABLY SUBMITS GENERALLY AND UNCONDITIONALLY TO THE JURISDICTION OF ANY SUCH COURT IN ANY SUCH SUIT, ACTION OR PROCEEDING. 
 (c) EACH GUARANTOR AGREES THAT SERVICE OF PROCESS MAY BE MADE BY PERSONAL SERVICE OF A COPY OF THE SUMMONS AND COMPLAINT OR OTHER LEGAL
PROCESS IN ANY SUCH SUIT, ACTION OR PROCEEDING, OR BY REGISTERED OR CERTIFIED MAIL (POSTAGE PREPAID) TO THE ADDRESS FOR NOTICES TO SUCH GUARANTOR IN EFFECT PURSUANT TO SECTION 25 HEREOF, OR BY ANY OTHER METHOD OF SERVICE PROVIDED FOR UNDER
THE APPLICABLE LAWS IN EFFECT IN THE STATE OF KANSAS. 
 (d) NOTHING CONTAINED IN SUBSECTIONS (b) or
(c) HEREOF SHALL PRECLUDE THE AGENT FROM BRINGING ANY SUIT, ACTION OR PROCEEDING ARISING OUT OF OR RELATING TO ANY LOAN DOCUMENT IN THE COURTS OF ANY JURISDICTION WHERE ANY GUARANTOR OR ANY OF GUARANTORS’ PROPERTY OR ASSETS MAY BE
FOUND OR LOCATED. TO THE EXTENT PERMITTED BY THE APPLICABLE LAWS OF ANY SUCH JURISDICTION, EACH GUARANTOR HEREBY IRREVOCABLY SUBMITS TO THE JURISDICTION OF ANY SUCH COURT AND EXPRESSLY WAIVES, IN RESPECT OF ANY SUCH SUIT, ACTION OR PROCEEDING,
OBJECTION TO THE EXERCISE OF JURISDICTION OVER IT AND ITS PROPERTY BY ANY SUCH OTHER COURT OR COURTS WHICH NOW OR HEREAFTER MAY BE AVAILABLE UNDER APPLICABLE LAW. 
 (e) IN ANY ACTION OR PROCEEDING TO ENFORCE OR DEFEND ANY RIGHTS OR REMEDIES UNDER OR RELATED TO THIS 

  

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AGREEMENT OR ANY AMENDMENT, INSTRUMENT, DOCUMENT OR AGREEMENT DELIVERED OR THAT MAY IN THE FUTURE BE DELIVERED IN CONNECTION THEREWITH, EACH GUARANTOR AND
THE AGENT FOR ITSELF AND ON BEHALF OF THE BANKS HEREBY AGREE, TO THE EXTENT PERMITTED BY APPLICABLE LAW, THAT ANY SUCH ACTION, SUIT OR PROCEEDING SHALL BE TRIED BEFORE A COURT AND NOT BEFORE A JURY AND HEREBY IRREVOCABLY WAIVE, TO THE EXTENT
PERMITTED BY APPLICABLE LAW, ANY RIGHT ANY SUCH PERSON MAY HAVE TO TRIAL BY JURY IN ANY SUCH ACTION, SUIT OR PROCEEDING. 
 (f) EACH GUARANTOR HEREBY EXPRESSLY WAIVES ANY OBJECTION IT MAY HAVE THAT ANY COURT TO WHOSE JURISDICTION IT HAS SUBMITTED PURSUANT TO THE TERMS HEREOF IS AN INCONVENIENT FORUM. 
 [Signature page follows.] 
  

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 IN WITNESS WHEREOF, the parties hereto have duly executed and delivered this Guaranty Agreement as of the
day and year first written above. 
  

			
	GUARANTORS:
	
	 QC E-SERVICES, INC.,
 a Kansas corporation

		
	By:	 	 /s/ Darrin J. Andersen

	Name:	 	Darrin J. Andersen
	Title:	 	President
	
	 QC AUTO SERVICES, INC.,
 a Kansas corporation

		
	By:	 	 /s/ Darrin J. Andersen

	Name:	 	Darrin J. Andersen
	Title:	 	President
	
	 QC LOAN SERVICES, INC.,
 a Kansas corporation

		
	By:	 	 /s/ Darrin J. Andersen

	Name:	 	Darrin J. Andersen
	Title:	 	President

  

 12First Amendment to Pledge Agreement

 Exhibit 10.4 
 FIRST AMENDMENT TO 
 PLEDGE AGREEMENT 
 This First Amendment to Pledge Agreement (this “Amendment”), is made and entered into as of December 7, 2007, by and between QC
Holdings, Inc., a Kansas corporation (“Pledgor”), and U.S. Bank National Association, a national banking association, as Agent under the Credit Agreement (“Secured Party”). 
 RECITALS 
 A. Pledgor and Secured
Party have previously entered into a Pledge Agreement, dated as of January 19, 2006 (as amended, the “Pledge Agreement”) pursuant to which Pledgor pledged certain Collateral to Secured Party as security for the prompt payment
and performance of certain Secured Obligations of Pledgor. The Pledge Agreement was provided to Secured Party in connection with a Credit Agreement (the “Original Credit Agreement”), dated as of January 19, 2006, by and among
QC Holdings, Inc., a Kansas corporation (the “Borrower”), the Banks party thereto and Secured Party, in its capacity as agent (the “Agent”). 
 B. Pledgor has acquired all of the equity interests in QC E-Services, Inc., a Kansas corporation (“E-Services”), QC Loan Services, Inc.,
a Kansas corporation (“Loan Services”) and QC Auto Services, Inc., a Kansas corporation (“Auto Services,” and together with E-Services and Loan Services, the “Additional Subsidiaries”). 

C. Prior to, or contemporaneously with, the delivery of this Amendment, Pledgor, the Lenders party thereto and the Agent have entered into an Amended
and Restated Credit Agreement (the “Credit Agreement”), which Credit Agreement amends and restates the Original Credit Agreement. 
 D. In connection with the execution of the Credit Agreement, Pledgor has delivered an Acknowledgment and Affirmation Agreement pursuant to which, among other things, Pledgor acknowledges and agrees that the Pledge Agreement secures
repayment of Pledgor’s obligations under the Credit Agreement. 
 E. As a condition to entering into the Credit Agreement, Secured Party
has required Pledgor to deliver an amendment to the Pledge Agreement which results in all of the equity interests in the Additional Subsidiares becoming subject to the Pledge Agreement. 
 F. The parties enter into this Amendment to amend certain terms of the Pledge Agreement. 
 NOW THEREFORE, Pledgor and Secured Party for good, sufficient and valuable consideration, the receipt and sufficiency of which is hereby acknowledged,
agree as follows: 
 1. Amendment to the Pledge Agreement. The text of Schedule 1 of the Pledge Agreement is hereby deleted in its
entirety, and inserted in lieu thereof is the following text: 

 Schedule 1 
 Pledged Interests 
  

												
	 Name of Issuer
	 	 Jurisdiction of
 Organization
	 	 Type of Interest
	 	 Number of
 Shares/Units
 (if
applicable)
	 	 Certificate
 Numbers
 (if any)
	 	 Percentage of
 Outstanding
 Interests in Issuer
	 
	QC Financial Services, Inc.	 	Missouri	 	Common Stock	 	15,974	 	33	 	100	%
	QC E-Services, Inc.	 	Kansas	 	Common Stock	 	1,000	 	1	 	100	%
	QC Loan Services, Inc.	 	Kansas	 	Common Stock	 	1,000	 	1	 	100	%
	QC Auto Services, Inc.	 	Kansas	 	Common Stock	 	1,000	 	1	 	100	%

 2. Conditions Precedent. It shall be a condition precedent to the effectiveness of this
Amendment that (i) each representation and warranty set forth in Article 5 of the Pledge Agreement shall be true and correct as of the date of this Amendment (and Pledgor hereby affirms that such representations and warranties are true and
correct as of the date of this Amendment), (ii) Pledgor shall have paid the costs and expenses referenced in Section 7 below, and (iii) Secured Party shall have received such other items as it may reasonably request. 
 3. No Other Amendments. Except as expressly set forth herein, or as necessary to incorporate the modifications and amendments herein, all the
terms and conditions of the Pledge Agreement shall remain unmodified and in full force and effect, and Pledgor hereby confirms, reaffirms and ratifies the Pledge Agreement and agrees to perform and comply with the terms and the conditions of the
Pledge Agreement, as amended herein. 
 4. No Impairment. Nothing in this Amendment shall be deemed to or shall in any manner
prejudice or impair the Credit Documents, or any security granted or held by Secured Party or the Banks for the indebtedness evidenced by the Notes. 
 5. Defined Terms. Capitalized terms not otherwise defined in this Amendment shall have the meanings ascribed in the Pledge Agreement and if not defined in the Pledge Agreement, then as ascribed in the Credit
Agreement. 
 6. Binding Agreement. This Amendment shall be binding upon and inure to the benefit of the parties hereto and their
respective successors and assigns. 
 7. Fees and Expenses. Pledgor agrees to pay and reimburse Secured Party and the Lenders for all
of their out-of-pocket costs and expenses incurred in connection with the preparation, negotiation, execution, filing, enforcement and administration of this Amendment including, without limitation, the fees and expenses of counsel to Secured Party
and the Lenders. 
 8. Law, Venue, Jurisdiction and Service of Process. Any controversy or claim between or among the parties hereto
arising out of or relating to this Amendment shall be controlled by the provisions of Section 13 of the Pledge Agreement with respect to choice of law and venue, submission to jurisdiction and service of process. 
  

 2 

 IN WITNESS WHEREOF, Pledgor and Secured Party have executed this Amendment as of the day and year first
above written. 
  

			
	PLEDGOR:
	
	QC HOLDINGS, INC., a Kansas corporation
		
	By:	 	 /s/ Douglas E. Nickerson

		 	Douglas E. Nickerson
		 	Chief Financial Officer
	
	SECURED PARTY:
	
	 U.S. BANK NATIONAL ASSOCIATION,
 a national
banking association, as Agent

		
	By:	 	 /s/ Karen D. Myers

		 	Karen D. Myers, Senior Vice President

  

 3

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