Document:

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                                                                    EXHIBIT 10.4

                        AMENDMENT TO EMPLOYMENT AGREEMENT

        This Amendment to Employment Agreement ("Amendment") is entered into by
and between Western Digital Corporation (the "Company") and Arif Shakeel
("Executive"), as of the 31st day of October, 2006.

        Company and Executive hereby amend Executive's August 25, 2005
Employment Agreement (the "Employment Agreement") as follows:

        1. Amendment of Section 1 (Employment). Section 1 of the Employment
Agreement is hereby amended and restated in its entirety to provide as follows:

            "1. EMPLOYMENT.

                The Company hereby employs Executive and Executive hereby
        accepts such employment, upon the terms and conditions hereinafter set
        forth, from the Effective Date to and including June 29, 2007
        ("Employment Period"). Executive and Company agree that this Agreement
        shall expire and Executive's employment with the Company shall terminate
        at the close of business on June 29, 2007, without further action by
        either Company or Executive."

        2. Amendment of Section 2 (Duties). Section 2 of the Employment
Agreement is hereby amended and restated in its entirety to provide as follows:

            "2. DUTIES.

                A. President. From the Effective Date until September 30, 2005,
        Executive shall continue to serve as President and Chief Operating
        Officer of the Company, and shall report to the Company's Chief
        Executive Officer.

                B. President and Chief Executive Officer. From October 1, 2005
        through May 31, 2006, Executive shall serve as President and Chief
        Executive Officer of Western Digital Corporation. From June 1, 2006
        through January 1, 2007, Executive shall serve as Chief Executive
        Officer of Western Digital Corporation. In these capacities, Executive
        shall report to the Board of Directors, and shall have such duties and
        responsibilities consistent with his positions as President and/or Chief
        Executive Officer as the Board of Directors of the Company shall
        determine from time to time.

                C. Special Advisor to the Chief Executive Officer. From January
        2, 2007 through June 29, 2007, Executive shall serve as Special Advisor
        to the Chief Executive Officer. In this capacity, Executive shall report
        to the Board of Directors of the Company and shall provide advice and
        counsel to the Chief Executive Officer with respect to strategic,
        management, and operational matters.

                D. Executive agrees to devote substantially all of his time,
        energy and ability to the business of the Company, subject to paragraph
        E of Section 3."

                                       1
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        3. Amendment of Section 3 (Compensation). Section 3.A of the Employment
Agreement is hereby amended and restated in its entirety to provide as follows:

                "A. Base Salary. From the Effective Date through September 30,
        2005, the Company will pay to Executive a base salary at the rate of
        $700,000 per year. From October 1, 2005 through June 29, 2007, the
        Company will pay to Executive a base salary at the rate of $800,000 per
        year. Such salary shall be earned monthly and shall be payable in
        periodic installments in accordance with the Company's customary
        practices. Amounts payable shall be reduced by standard withholding and
        other authorized deductions."

        4. Equity Awards.

                (a) Notwithstanding anything in the Employment Agreement to the
contrary, and subject to Executive's continued employment with the Company
through June 29, 2007, or except as otherwise expressly provided in Section
5.C(ii) of the Employment Agreement or in the applicable restricted stock award
agreement: (i) 158,333 restricted shares of Common Stock of the Company that
comprise a portion of the restricted stock award previously granted by the
Company to the Executive on January 20, 2005 that are scheduled to vest on July
31, 2007 shall become fully vested on June 29, 2007; and (ii) 659,200 restricted
shares of Common Stock of the Company that comprise a portion of the restricted
stock award previously granted by the Company to the Executive on August 25,
2005 pursuant to Section 4.A of the Employment Agreement that are scheduled to
vest on January 1, 2008 shall become fully vested on June 29, 2007.

                (b) Notwithstanding anything in the Employment Agreement to the
contrary, the following awards are hereby terminated and Executive shall have no
further rights with respect thereto or in respect thereof: (i) the stock options
previously granted by the Company to Executive that are currently outstanding
but only to the extent that such options are scheduled (without giving effect to
any accelerated vesting provision) to vest after June 29, 2007 and before
January 1, 2008; and (ii) 90,800 restricted shares of Common Stock of the
Company that comprise a portion of the restricted stock award previously granted
by the Company to the Executive on August 25, 2005 pursuant to Section 4.A of
the Employment Agreement that were scheduled to vest on January 1, 2008 (which
shares are hereby transferred from the Executive to the Company). Executive
shall promptly deliver to the Company any share certificates evidencing the
shares of restricted stock covered by clause (ii) above and shall timely provide
the Company with such additional documents of transfer that the Company may
reasonably request to confirm the transfer of such shares to the Company.

        5. Amendment of Section 5 (Termination).

9               (a) The definition of "Cause" in the second sentence of Section
5.A of the Employment Agreement is hereby amended and restated in its entirety
to provide as follows:

                  "'Cause' shall mean that the Company, acting in good faith
        based upon the information then known to the Company, determines that
        Executive has engaged in or committed: (i) willful misconduct, (ii)
        fraud, (iii) failure or refusal to perform the duties

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<PAGE>

        of Chief Executive Officer or Special Advisor to the Chief Executive
        Officer, as the case may be, or (iv) a conviction or plea of nolo
        contendre to a felony."

                (b) The first sentence of Section 5.C(ii)(b) of the Employment
Agreement is hereby amended and restated in its entirety to provide as follows:

                "(b) accelerated vesting of any and all options and other
        equity-based awards granted by the Company that are then outstanding and
        not otherwise fully vested, but only to the extent such awards would
        have otherwise become vested had Executive remained employed by the
        Company through June 29, 2007."

                (c) Section 5.C of the Employment Agreement is hereby amended to
add the following provision as Section 5.C(iii) of the Employment Agreement:

                "(iii) Expiration. Upon the expiration of this Agreement, this
        Agreement shall terminate without further obligations to Executive other
        than the timely payment of Accrued Obligations and the payment to
        Executive of an Incentive Compensation Plan ("ICP") bonus with respect
        to the second half of fiscal year 2007 at such time and in such amount
        as determined by the Compensation Committee of the Board of Directors on
        a Company-wide basis."

        6. Effective Date of Amendment. Notwithstanding any earlier execution of
this Amendment by the Company and/or Arif Shakeel, this Amendment will be
effective as of the date that the Company and John Coyne, the Company's current
President and Chief Operating Officer, enter into an agreement providing for the
appointment of John Coyne to the position of President and Chief Executive
Officer, effective as of January 2, 2007.

        7. Miscellaneous. Any capitalized term used in this Amendment that is
not defined in this Amendment shall have the definition of such term as set
forth in the Employment Agreement. Except as modified by this Amendment, all
other terms and conditions of the Employment Agreement remain valid and in full
force and effect. If any provision of this Amendment is inconsistent with any
provision of the Employment Agreement, the provisions of this Amendment shall
govern.

                 [Remainder of Page Intentionally Left Blank.]

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<PAGE>

        In witness whereof, the parties hereto have executed this Amendment as
of the date first above written.

                             THE COMPANY:

                             By: /s/ Raymond M. Bukaty
                                --------------------------------------------

                             Name:  Raymond M. Bukaty

                             Title: Senior Vice President, Administration,
                                    General Counsel and Secretary

                             EXECUTIVE:

                             /s/ Arif Shakeel
                             -----------------------------------------------
                             Arif Shakeel

                                       4exv4w1

 

EXHIBIT 4.1

FOURTH SUPPLEMENTAL INDENTURE

TO THE INDENTURE

DOLLAR FINANCIAL GROUP, INC.,

THE GUARANTORS SIGNATORY HERETO

AND

U.S. BANK NATIONAL ASSOCIATION

AS TRUSTEE

 

SUPPLEMENTAL INDENTURE

DATED AS OF OCTOBER 27, 2006

TO

INDENTURE

DATED AS OF NOVEMBER 13, 2003

9.75% SENIOR NOTES DUE 2011

 

 

     THIS FOURTH SUPPLEMENTAL INDENTURE, dated as of October 27, 2006 (this “Supplemental
Indenture”), is by and among Dollar Financial Group, Inc., a New York corporation (the
“Issuer”),its parent Dollar Financial Corp., a Delaware corporation (“DFC”), the Guarantors and
U.S. Bank National Association, as trustee (the “Trustee”).

     WHEREAS, the Issuer, DFC and the Trustee have entered into that certain Indenture dated as of
November 13, 2003 (the “Indenture”), providing for the issuance of 9.75% Senior Notes due 2011 (the
“Notes”), as amended by that certain Supplemental Indenture dated December 21, 2004 between DFG
Canada, Inc. and the Trustee., as further amended by that certain Supplemental Indenture dated
February 22, 2005 between WTP Acquisition Corp. and the Trustee and as further amended by that
certain Supplemental Indenture dated June 6, 2006 between Money Mart CSO, Inc., a Texas
corporation, and the Trustee;

     WHEREAS, the Issuer issued originally $270,000,000 aggregate principal amount of the Notes of
which $200,000,000 aggregate principal amount of the Notes remains outstanding;

     WHEREAS, Section 10.02 of the Indenture provides that the Indenture may be amended with the
consent of the Holders of at least a majority in principal amount of the Notes then outstanding
(including consents obtained in connection with a tender offer or exchange for Notes); provided the
consent of at least 75% in principal amount of the Notes then outstanding (including consents
obtained in connection with a tender offer or exchange for Notes) is required to amend the
provisions of Sections 5.10 or 5.14 of the Indenture that adversely affects the rights of any
Holder of Notes;

     WHEREAS, the Issuer desires and has requested the Trustee to join with it in entering into
this Supplemental Indenture for the purpose of amending the Indenture in certain respects as
permitted by Section 10.02 of the Indenture;

     WHEREAS, the execution and delivery of this Supplemental Indenture has been authorized by the
Board of Directors of the Issuer and of each Guarantor;

     WHEREAS, (1) the Issuer has received the consent of the Holders of at least 75% in principal
amount of the outstanding Notes and has satisfied all other conditions precedent, if any, provided
under the Indenture to enable the Issuer and the Trustee to enter into this Supplemental Indenture,
all as certified by an Officers’ Certificate, delivered to the Trustee simultaneously with the
execution and delivery of this Supplemental Indenture as contemplated by Section 10.06 of the
Indenture, and (2) the Issuer has delivered to the Trustee simultaneously with the execution and
delivery of this Supplemental Indenture an Opinion of Counsel relating to this Supplemental
Indenture as contemplated by Section 10.06 of the Indenture;

     WHEREAS, the Issuer has created Check Mart of Florida, Inc. (the “New Guarantor”), which is a
Subsidiary of the Issuer; and

     WHEREAS, Section 5.16 of the Indenture provides that under certain circumstances the Issuer is
required to cause domestic Subsidiaries created after the date of the Indenture, such as the New
Guarantor, to execute and deliver to the Trustee a supplemental indenture pursuant to which such
Subsidiary shall unconditionally guarantee all of the Issuer’s

 

 

obligations under the Notes, the Indenture and the Security Documents pursuant to a Guarantee
of the Notes on the terms and conditions set forth herein.

     NOW, THEREFORE, in consideration of the above premises, each party hereby agrees, for the
benefit of the others and for the equal and ratable benefit of the Holders of the Notes, as
follows:

ARTICLE I

DEFINITIONS

     Section 1.1 Deletion of Definitions and Related References. Section 1.01 of the
Indenture is hereby-amended to delete in its entirety all terms and their respective definitions
for which all references are eliminated in the Indenture as a result of the amendments set forth in
Article II of this Supplemental Indenture.

ARTICLE II

AMENDMENTS TO INDENTURE

     Section 2.1 Amendments to the Indenture. The Indenture is hereby amended by:

     (i) deleting the following sections of the Indenture and all references thereto in the
Indenture in their entirety:

     Section 5.03 (Reports);

     Section 5.04 (Compliance Certificate);

     Section 5.05 (Taxes);

     Section 5.06 (Stay, Extension and Usury Laws);

     Section 5.07 (Restricted Payments);

     Section 5.08 (Dividend and Other Payment Restrictions Affecting Subsidiaries);

     Section 5.09 (Incurrence of Indebtedness and Issuance of Preferred Stock);

     Section 5.10 (Asset Sales);

     Section 5.11 (Transactions with Affiliates);

     Section 5.12 (Liens);

     Section 5.13 (Corporate Existence);

     Section 5.14 (Offer to Repurchase Upon Change of Control);

 

 

     Section 5.15 (Sale and Leaseback Transactions);

     Section 5.16 (Additional Subsidiary Guarantees);

     Section 5.18 (Limitations on Layering Indebtedness);

     Section 5.19 (Impairment of Security Interest);

     Sections 6.01(2)(B) and 6.01(2)(C); and

     Sections 7.01(c), 7.01(d), 7.01(e), 7.01(f), 7.01(g), 7.01(h) and 7.01(i).

ARTICLE III

NEW GUARANTOR

     Section 3.1 Agreement to Guarantee. The New Guarantor hereby agrees, jointly and
severally with all other Guarantors, to guarantee the Issuer’s obligations under the Notes, the
Indenture and the Security Documents on the terms and subject to the conditions set forth in
Article Eleven of the Indenture and to be bound by all other applicable provisions of the
Indenture.

ARTICLE IV

MISCELLANEOUS PROVISIONS

     Section 4.1 Indenture. Except as amended hereby, the Indenture is in all respects
ratified and confirmed and all the terms, conditions and provisions thereof shall remain in full
force and effect. This Supplemental Indenture shall form a part of the Indenture for all purposes,
and every Holder of Notes heretofore or hereafter authenticated and delivered under the Indenture
shall be bound by the Indenture as amended hereby. Subject to Section 13.01 of the Indenture, in
the case of conflict between the Indenture and this Supplemental Indenture, the provisions of this
Supplemental Indenture shall control.

     Section 4.2 Severability. In case any provision in this Supplemental Indenture shall
be invalid, illegal or unenforceable, the validity, legality and enforceability of the remaining
provisions shall not in any way be affected or impaired thereby.

     Section 4.3 Capitalized Terms. Capitalized terms used herein but not defined shall
have the meanings assigned to them in the Indenture.

     Section 4.4 Effect of Headings. The Article and Section headings used herein are for
convenience only and shall not affect the construction of this Supplemental Indenture.

     Section 4.5 Trustee Makes No Representations. The Trustee makes no representation as
to the validity or sufficiency of this Supplemental indenture or as to the

 

 

accuracy of the recitals contained herein which are statements of the Issuer, DFC and the
Guarantors only.

     Section 4.6 Certain Duties and Responsibilities of the Trustee. In entering into this
Supplemental Indenture, the Trustee shall be entitled to the benefit of every provision of the
Indenture relating to the conduct or affecting the liability or affording protection to the
Trustee, whether or not elsewhere herein so provided.

     Section 4.7 Governing Law. THIS SUPPLEMENTAL INDENTURE AND THE NOTES SHALL BE
GOVERNED BY, AND CONSTRUED IN ACCORDANCE WITH, THE LAWS OF THE STATE OF NEW YORK BUT WITHOUT GIVING
EFFECT TO APPLICABLE PRINCIPLES OF CONFLICTS OF LAW TO THE EXTENT THAT THE APPLICATION OF THE LAWS
OF ANOTHER JURISDICTION WOULD BE REQUIRED THEREBY.

     Section 4.8 Counterparts. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of them together represent
one and the same agreement.

     Section 4.9 Successors. All agreements of the Issuer, the Guarantors and the Trustee
in this Supplemental Indenture and the Notes shall bind their respective successors.

     Section 4.10 Effectiveness. The provisions of Articles I and II of this Supplemental
Indenture shall be effective at the time the Issuer accepts for purchase at least 75% in principal
amount of the outstanding Notes issued under the Indenture. The provisions of Articles III and IV
of this Supplemental Indenture shall be effective as of the date of this Supplemental Indenture.

     Section 4.11 Endorsement and Change of Form of Notes. Any Notes authenticated and
delivered after the close of business on the date that this Supplemental Indenture becomes
effective may be affixed to, stamped, imprinted or otherwise legended by the Trustee, with a
notation as follows:

“The restrictive covenants of the Indenture and certain of the Events of Default
have been eliminated, as provided in the Fourth Supplemental Indenture, dated as of
October 27, 2006. Reference is hereby made to said Fourth Supplemental Indenture,
copies of which are on file with the Trustee, for a description of the amendments
made therein.”

[THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK]

 

 

     IN WITNESS WHEREOF, the parties hereto have caused this Fourth Supplemental Indenture to be
duly executed as of the day and year written above.

	 	 	 	 	 
	 	Dollar Financial Corp.

Dollar Financial Group, Inc.

 	 
	 	By:  	/s/
Donald Gayhardt	 
	 	 	Name:  	Donald Gayhardt	 
	 	 	Title:  	President	 
	 
	 	Any Kind Check Cashing Centers, Inc.

Cash Unlimited of Arizona, Inc.

Check Mart of Louisiana, Inc.

Check Mart of New Mexico, Inc.

Check Mart of Pennsylvania, Inc.

Check Mart of Texas, Inc.

Check Mart of Wisconsin, Inc.

DFG Canada, Inc.

DFG International, Inc.

DFG World, Inc.

Financial Exchange Company of Ohio, Inc.

Financial Exchange Company of Pennsylvania, Inc.

Financial Exchange Company of Pittsburgh, Inc.

Financial Exchange Company of Virginia, Inc.

Loan Mart of Oklahoma, Inc.

Monetary Management Corporation of Pennsylvania

Monetary Management of California, Inc.

Monetary Management of Maryland, Inc.

Monetary Management of New York, Inc.

Money Mart Express, Inc.

MoneyMart, Inc.

Pacific Ring Enterprises, Inc.

PD Recovery, Inc.

We The People USA, Inc.

Money Mart CSO, Inc.

Check Mart of Florida, Inc.

 	 
	 	By:  	/s/
Donald Gayhardt	 
	 	 	Name:  	Donald Gayhardt	 
	 	 	Title:  	President	 
	 
	 	U.S. Bank National Association, as Trustee

 	 
	 	By:  	/s/ Kathy Mitchell
 	 
	 	 	Name:  	Kathy Mitchell 	 
	 	 	Title:  	Vice President

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