Document:

exv10w14

 

Exhibit 10.14

Fiscal 2007 Executive Bonus Plan

The Compensation Committee (“Compensation Committee”) of the Board of Directors (“Board”) of Dollar
Financial Corp. (“Company”) adopted a cash bonus plan for fiscal 2007 (the “2007 Plan”), in which
the key management of the Company participated, including Randy Underwood, Sydney Franchuk and Paul
Mildenstein, each of whom were named executive officers of the Company. The 2007 Plan set forth
target bonus amounts as a percentage of base compensation, subject to increase based upon
achievement of certain earnings before interest, taxes, depreciation and amortization (“EBITDA”)
goals of the overall company and, in the case of a number of the 2007 Plan participants, the
performance of the business unit in which they operated. The target bonus award for the named
executive officers who participated in the 2007 Plan was as follows: (i) Randy Underwood, 60%; (ii)
Sydney Franchuk, 50%; and (iii) Paul Mildenstein, 50%. The maximum bonus opportunity was as
follows: (i) Randy Underwood, 120%;(ii) Sydney Franchuk, 100%; and (iii) Paul Mildenstein, 100%.
The Compensation Committee and/or the Board determined the EBITDA operating targets and methodology
on which the bonuses were paid pursuant to the 2007 Plan based upon methods used historically by
the Company.

The Compensation Committee and/or the Board of Directors of the Company retained the right to
amend, alter or terminate the 2007 Plan at any time. The bonuses under the 2007 Plan were
calculated and paid after finalizing the Company’s annual financial results for fiscal 2007. Each
employee must have been employed in good standing on date of payment in order to receive payment
under the arrangement.exv10w15

 

Exhibit 10.15

Fiscal Year 2008 Executive Management Bonus Plan

The Compensation Committee (“Compensation Committee”) of the Board of Directors (“Board”) of Dollar
Financial Corp. adopted the 2008 Executive Management Bonus Plan which provides bonus opportunities
to those members of Dollar Financial Corp.’s executive management who have global strategic
management responsibilities, including Jeffrey Weiss, Donald Gayhardt, and Randy Underwood, who are
each named executive officers of Dollar Financial Corp. The 2008 Executive Management Bonus Plan
sets forth target bonus amounts as a percentage of base compensation, which percentage is subject
to increase based upon the Company’s achievement of certain earnings before interest, taxes,
depreciation and amortization (“EBITDA”) goals.

The target bonus award for Randy Underwood under the 2008 Executive Management Bonus Plan is 80%
and the maximum bonus opportunity is 160%. The target bonus award and the maximum bonus opportunity
for Jeffrey Weiss and for Donald Gayhardt under the 2008 Executive Management Bonus Plan are each
determined pursuant to the bonus provisions contained in their respective employment agreements,
which have been previously filed by the Company as Exhibits to the Company’s Registration Statement
on Form S-1 filed with the Securities and Exchange Commission on March 12, 2004.

The Compensation Committee and/or the Board will determine the EBITDA operating targets and
methodology on which the bonuses are paid pursuant to the 2008 Executive Management Bonus Plan
based upon methods used historically by the Company. The Committee and/or the Board retain the
right to amend, alter or terminate the 2008 Executive Management Bonus Plan at any time. The
bonuses under the 2008 Executive Management Bonus Plan will be calculated and paid after finalizing
the Company’s annual financial results for fiscal year 2008. Each employee must be employed in
good standing on date of payment in order to receive payment under the arrangement.exv10w16

 

Exhibit 10.16

2008 Key Management Bonus Program

The Compensation Committee (“Compensation Committee”) of the Board of Directors (the “Board”) of
Dollar Financial Corp. (the “Company”) adopted and the Board approved a cash bonus plan for fiscal
year 2008 (the “2008 Key Management Bonus Plan”) pursuant to which certain key management personnel
of the Company will participate, including Sydney Franchuk and Paul Mildenstein, who are each named
executive officers of the Company. The 2008 Key Management Bonus Plan sets forth target bonus
amounts as a percentage of base compensation, which percentage is subject to increase based upon
the achievement of certain EBITDA goals of the overall company and of the performance of the
business unit in which each participant operates. The target bonus award for the named executive
officers participating in the 2008 Key Management Bonus Plan is as follows: (i) Sydney Franchuk,
60%; and (ii) Paul Mildenstein, 50%. The maximum bonus opportunity for the named executive officers
participating in the 2008 Key Management Bonus Plan is as follows: (i) Sydney Franchuk, 120%; and
(ii) Paul Mildenstein, 100%.

The Committee and/or the Board will determine the EBITDA operating targets and methodology on which
the bonuses are paid pursuant to the 2008 Key Management Bonus Plan based upon methods used
historically by the Company. The Committee and/or the Board retain the right to amend, alter or
terminate the 2008 Key Management Bonus Plan at any time. The bonuses under the 2008 Key Management
Bonus Plan will be calculated and paid after finalizing the Company’s annual financial results for
fiscal year 2008. Each employee must be employed in good standing on date of payment in order to
receive payment under the arrangement.Exhibit 10.34

                          RIV ACQUISITION HOLDINGS INC.
                               650 Madison Avenue
                                   15th Floor
                            New York, New York 10022

                                    September 16, 2007

Syd Ghermezian
Triple Five Investco LLC
9440 West Sahara, Suite 240
Las Vegas, Nevada 89117

Dear Mr. Ghermezian:

Reference is made to the agreement dated March 21, 2007 (the "Agreement") among
Riv Acquisition Holdings Inc. ("RAH"), Triple Five Investco LLC ("Triple Five")
and Dominion Financial LLC ("Dominion," and together with Triple Five, "T5").
All capitalized terms used in this letter agreement but not defined herein shall
have the respective meanings assigned thereto in the Agreement.

This letter agreement (the "Letter Agreement") will confirm the following
understanding among RAH, T5, FX Real Estate and Entertainment Inc. ("FX") and
Starwood Capital Group Global, LLC ("Starwood") with respect to the Agreement
and shall amend the Agreement as follows:

1.    As of the date hereof, the grant of the Option pursuant to the Agreement
      shall be fully effective and exercisable by notice of RAH to T5 at any
      time within the Term or any extension thereof. T5 waives all requirements
      contained in the Agreement that the Approvals be issued prior to the
      effectiveness of the grant and the exercise of the Option (the "Waiver").

2.    The Term shall be extended for an additional seven (7) days, commencing on
      September 18, 2007 and ending on September 24, 2007, for additional
      consideration in the amount of $40,521, payable to T5 herewith.

3.    Release and Indemnity.

      (a) RAH hereby releases, acquits and forever discharges and indemnifies
      T5, including the past, present and future officers, directors,
      shareholders, employees, agents, servants, representatives, distributors,
      subsidiaries, affiliates, partners, attorneys, insurance carriers,
      predecessors and successors in interest and all other related persons,
      firms or corporations of T5 (the "T5 Releasees"), of and from any and all
      demands, actions, causes of action and claims for relief, obligations,
      rights, damages, losses, costs, expenses and compensation of every kind
      and nature whatsoever, whether asserted or unasserted, known or unknown,
      that now exist or may hereafter exist against T5 and/or any adversity in
      any way suffered by T5, whether based upon tort, contract quasi-contract
      or otherwise, however arising from the Waiver in any way whether RAH
      knowingly has assumed all risks (which it must, and hereby does, assume)
      associated with eliminating the Approvals as conditions to RAH's
      obligations under the Agreement or otherwise (hereinafter, a "Loss").

      (b) RAH, FX and Starwood (the "Indemnitors"), jointly and severally,
      expressly covenant and agree to indemnify, defend and hold harmless T5
      and/or the T5 Releasees from any and all Losses. To the extent that T5
      and/or the T5 Releasees incur or in any way suffer any such Losses which
      are not promptly paid by the Indemnitors when due upon settlement or
      final, unappealable order from a court of competent jurisdiction, T5
      and/or the T5 Releasees will also be entitled to receive interest at the
      annual prime rate as published in the Wall Street Journal as of the date
      of this letter, compounded daily, on the unpaid balance of such losses,
      claims, costs or expenses.

      (c) If T5 and/or the T5 Releasees receive notice of any action, audit,
      demand or assessment (each, a "Third Party Claim") against it or which may
      give rise to a claim for a Loss, within 15 days of the receipt of such
      notice, T5 shall give the Indemnitors notice of such Third Party Claim;
      provided, however, that the failure to provide such notice shall not
      release the Indemnitors from any of their indemnification obligations
      except to the extent that the Indemnitors are materially prejudiced by
      such failure. The Indemnitors shall be entitled to assume and control the
      defense of such Third Party Claim at their expense and through counsel of
      their choice; provided, however, that the Indemnitors shall consult with
      T5, and shall adhere to the reasonable requests of T5, regarding such
      defense, and provided, further, that if there exists or is reasonably
      likely to exist a conflict of interest that would make it inappropriate in
      the reasonable judgment of T5 for the same counsel to represent both (i)
      T5 and/or the T5 Releasees and (ii) the Indemnitors, then T5 shall be
      entitled to retain its own counsel at the expense of the Indemnitors. In
      the event that the Indemnitors exercise the right to undertake any such
      defense against any such Third Party Claim as provided above, T5 shall
      cooperate, and shall reasonably cause the T5 Releasees to cooperate, with
      the Indemnitors in such defense and reasonably make available to the
      Indemnitors, at the Indemnitors' expense, all witnesses, pertinent
      records, materials and information in T5 and/or the T5 Releasees'
      possession or under T5 and/or the T5 Releasees' control relating thereto
      as is reasonably required by the Indemnitors. Similarly, in the event T5
      is, directly or indirectly, conducting the defense against any such Third
      Party Claim, the Indemnitors shall cooperate with T5 in such defense and
      make available to T5, at the Indemnitors' expense, all such witnesses,
      records, materials and information in the Indemnitors' possession or under
      the Indemnitors' control relating thereto as is reasonably required by T5.
      No such Third Party Claim may be settled by the Indemnitors on behalf of
      T5 without the prior written consent of T5, which consent shall not be
      unreasonably withheld.

      (d) In the event that either FX or Starwood (an "Advancing Indemnifying
      Party") advances funds to T5 to cover Losses pursuant to the preceding
      subsections (b) and (c), then the other party shall be obligated to pay
      the Advancing Indemnifying Party an amount equal to one half of such funds
      advanced to T5.

4.    Waiver. RAH shall waive any and all claims against T5 for any Loss that
      RAH may suffer or incur, and agrees not to bring any such claim against
      T5.

5.    Other than stated herein, the terms and contents of the Agreement shall
      remain unchanged and in full effect.

This Letter Agreement may be executed in two or more counterparts, each of which
shall be deemed an original, but all of which together shall constitute one and
the same instrument.

                     [remainder of page intentionally blank]

<PAGE>

                                    Sincerely,

                                    RIV ACQUISITION HOLDINGS INC.

                                    By: /s/ Paul Kanavos
                                        ----------------------------------------
                                        Name: Paul Kanavos
                                        Title: President

<PAGE>

Agreed and Accepted By:

TRIPLE FIVE INVESTCO LLC

By: /s/ Syd Ghermezian
    --------------------------------
    Name: Syd Ghermezian
    Title: Manager

<PAGE>

Agreed and Accepted By:

DOMINION FINANCIAL LLC

By: /s/ Syd Ghermezian
    --------------------------------
    Name: Syd Ghermezian
    Title: Manager

<PAGE>

Agreed and Accepted By:

FX REAL ESTATE AND ENTERTAINMENT INC.

By: /s/ Paul Kanavos
    --------------------------------
    Name: Paul Kanavos
    Title: President

<PAGE>

STARWOOD CAPITAL GROUP GLOBAL, LLC

By: /s/ Barry Sternlicht
    --------------------------------
    Name: Barry Sternlicht
    Title: Chief Executive Officer

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00129-of-00352.parquet"}]]