Document:

EX-10.15

 Exhibit 10.15 
  

 
 2017 Annual Corporate Incentive Plan 

 

			
	 Name:
[            ]
	  	 Manager:
[            ]

		
	 Job Title:
[            ]
	  	 Department:
[            ]

 Incentive Compensation Program Guidelines 

The Company Incentive Compensation Program has been developed to track and objectively measure key areas of responsibility for certain positions. It is
specially designed to financially reward those employees who meet expectations and excel in supporting bottom line profitability for the company. 
 There
are many other important areas of responsibilities and duty which are required but are not specially addressed in this compensation plan. While this plan purposefully rewards an employee for meeting several defined expectations, the plan in no way
attempts to define or provide bonus compensation for all of the functions performed in the course of daily work. 
 The bonus plan consists of these
components: 
 Company Financial Performance 

The company financial performance objective will be based on meeting an Adjusted EBITDA goal. If this target is met, then the maximum % listed below for
company financial performance will be paid out. 
 Individual/Departmental Goals and Objectives 

Accomplishment of stated Individual/Departmental Goals and Objectives will determine the % of the yearly bonus to be awarded. (maximum % of for goals and
objective of your total eligible incentive bonus is listed above). Not all goals and objectives will need to be met to receive a portion of the bonus. 

The individual/departmental goals and objectives are designed to align with the strategic goals of the Company for the plan year. These goals may be revisited
and revised on a quarterly basis depending on company growth, business needs and future expectations. 
 The bonus will be calculated on the fiscal year
(January to December) results for both categories. Employees must be employed at the time of calculation in order to receive any portion of the bonus. Employees, who are demoted or otherwise become
non-eligible for the plan during the year, will not receive any portion of the bonus. Employees who are employed but inactive for a period of more than thirty (30) days during the year will receive a pro-rated payout of their earned bonus. Payouts will be made by the 28th of the second month following the end of the plan year. Applicable taxes and other statutory deductions will apply. 

The company may at anytime revise, enhance or discontinue this bonus program, as well as determine who is eligible for the program. 

Incentive Plan Eligibility Summary 
  

			
	Company Financial Objectives incentive as a % of base salary:	  	[            ]
		
	Personal Objectives incentive as a % of base salary:	  	[            ]
		
	Total incentive as a % of base salary (Financial + Personal):	  	[            ]

 Company Financial Objectives 
  

									
	 	  	Plan	 	  	% of base salary	 
	 Financial Plan #1
	  	 	Company Consolidated Financial Plan	 	  	 	[            ]	 
	 Financial Plan #2 (if any)
	  				  			

 Personal Objectives 
  

 
  

 

									
	 Self:
	  	Title: [            ]	  		  		  	
					
		  	Title: [            ]	  		  		  	
					
		  	Start: [            ]	  		  	Due: 31-Dec-2017	  	

  

 
  

 

									
					
	 Self:
	  	Title: [            ]	  		  		  	
					
		  	Title: [            ]	  		  		  	
					
		  	Start: [            ]	  		  	Due: 31-Dec-2017	  	

  
  

 
 Employee Advisement & Acceptance 

By clicking on ‘complete’, I acknowledge that I am committing towards meetings these objectives and I accept the terms and conditions of the
corporate objectives program. 
  

HR Rep: [            ] (electronic signature for the evaluation of
[            ]) 
 Date (dd-MM-yyyy):
[            ] 

 Electronic confirmation:
[            ] 

  
 - 2 -EX-10.16

 Exhibit 10.16 

Execution Copy 

SUBORDINATED NOTE 
  

			
	$7,500,000	  	May 12, 2011

 Section 1. Indebtedness 

FOR VALUE RECEIVED, and subject to the other terms and provisions of this Subordinated Note (including, without limitation, Section 2
hereof), the undersigned, Cash Money Acquisition Inc., an Ontario corporation (the “Purchaser”), promises to pay to The J.P. Genova Family Trust (the “Seller”): 

(a) the principal amount of SEVEN MILLION, FIVE HUNDRED THOUSAND DOLLARS ($7,500,000), payable on the eighth (8th) anniversary of the date
first written above (the “Maturity Date”); provided, that, upon the occurrence of a Disposition Event (as defined below) prior to the Maturity Date, the entire principal amount remaining outstanding hereunder as of the
date of such Disposition Event, together with all accrued and unpaid interest outstanding hereunder as of such date, shall be payable in full on such date, and 

(b) interest on the unpaid principal balance hereof at a rate equal to ten percent (10%) per annum, calculated on the basis of a year of 365
days and paid for the actual days elapsed (the “Applicable Rate”), until the date that the principal amount hereunder shall have been paid in full, as follows: (i) until the second (2nd) anniversary of the date first written
above, such interest shall be capitalized on the unpaid principal balance hereunder, such capitalization to occur on the last day of each calendar quarter ending prior to the second (2nd) anniversary of the date first written above (provided that,
for the avoidance of doubt, such additional unpaid principal balance shall represent evidence of the obligation to pay, and not absolute satisfaction of, such capitalized interest) and (ii) thereafter, such interest amount shall be paid in cash
to the Seller at the end of each calendar quarter, with the first cash payment due on June 30, 2013 and with the final cash payment due on the Maturity Date. 

All payments hereunder shall be made to the account of the holder at such place as the Seller shall have designated to the Purchaser in
writing. 
 “Disposition Event” means: (a) the sale of substantially all of the assets of the Purchaser or Speedy Cash
Holdings Corp., a Delaware corporation and the parent corporation of the Purchaser (“Parent”), or the sale of a majority of the outstanding capital stock of Purchaser or Parent to one or more persons who is not a stockholder of
Parent or an affiliate of Parent or any stockholder of Parent, or (b) a merger, consolidation or recapitalization of Purchaser or Parent in which a majority of the outstanding capital stock of Purchaser or Parent is transferred or sold to one
or more persons who is not a stockholder of Parent or an affiliate of Parent or any stockholder of Parent prior to such merger, consolidation or recapitalization. 

 Section 2. Set-Off 

This the “Note” required to be delivered by the Purchaser to the Seller, pursuant to the Agreement for the Purchase of All
the Shares of Cash Money Group Inc., dated as of April 8, 2011 (the “Share Purchase Agreement”), by and among Parent, 2275958 Ontario Inc., an Ontario corporation (the “Company”), the Seller, and the J.P.
Genova Family Trust. Capitalized terms used and not otherwise defined herein shall have the respective meanings ascribed to such terms in the Share Purchase Agreement. 

Amounts payable hereunder shall, at all times, be subject to set-off in the manner set forth in Section 6.12 of the Share Purchase
Agreement. 
 Section 3. Subordination 

The liabilities and obligations evidenced by this Note will be subordinated to any senior indebtedness that may be undertaken by the Parent or
the Purchaser (or any of their subsidiaries) from time to time and subject to any restrictions set forth in any senior credit agreements or subordination agreements entered into by the Parent or the Purchaser (or any of their subsidiaries). In
connection therewith, upon the Purchaser’s request, the Seller shall be required to enter into subordination arrangements on terms satisfactory to the Parent’s or the Purchaser’s (or its subsidiaries’) lenders. 

Section 4. Default 

Provided that acceleration is not then prohibited by the terms of any subordination or other credit agreement with the Parent’s or the
Purchaser’s lenders, if an Event of Default exists under the provisions of this Note, the Seller may accelerate the entire balance outstanding under this Note, by written notice to the Purchaser, and the entire balance outstanding under this
Note together with any accrued but unpaid interest or other charges shall become immediately due and payable twenty (20) days after receipt by the Purchaser of said notice. After such twenty (20) day period, the Seller shall be entitled to
exercise any remedies that they may have at law, or in equity, in order to collect their debt hereunder including, without limitation, the commencement of legal proceedings against the Purchaser. 

An “Event of Default” means the occurrence of any of the following: 

(a) the failure of the Purchaser to make any payment of principal, interest or other charges pursuant to the terms of this Note (other than as
a result of any set-off against this Note of amounts due to the Purchaser or Purchaser Indemnified Parties by the Seller pursuant to the Share Purchase Agreement or otherwise or as a result of such payment
being prohibited or restricted by the Parent’s or the Purchaser’s lenders) within ten (10) days after Purchaser’s receipt of notice from the Seller that same was due; 

(b) the filing by the Purchaser of a voluntary application for bankruptcy or application seeking the appointment of a receiver for it or its
assets; or 

  
 -2- 

 (c) the filing of an involuntary application for bankruptcy against the Purchaser which remains
unstayed or undischarged in excess of ninety (90) days. 
 Section 5. Miscellaneous 

(a) Waiver. The Purchaser hereby waives, to the extent not prohibited by provisions of applicable law, presentment, demand, protest and
notice thereof or dishonor, and waives any right to be released by reason of any extension of time or change in the terms of payment or any change, alteration or release of any security given for the payment hereof. No course of dealing between the
Purchaser on the one hand, and the legal holder hereof on the other hand, shall operate as a waiver of any of its rights under this Note. No delay or omission in exercising any right under this Note shall operate as a waiver of such right or any
other right. A waiver on any one occasion shall not be construed as a waiver of or bar to any right or remedy on any other occasion. 
 (b)
Notices. All notices hereunder shall be given in the manner provided in the Share Purchase Agreement. Any such notice, direction, certificate, consent, determination or other communication required or permitted to be given or made under this
Note shall be in writing and shall be effectively given and made if (i) delivered personally, (ii) sent by prepaid courier service or mail, or (iii) sent by fax or other similar means of electronic communication. 

(c) Severability. In the event that any one or more of the provisions contained in this Note shall be determined to be invalid, illegal
or unenforceable in any respect for any reason, the validity, legality and enforceability of any such provision or provisions in every other respect and the remaining provisions of this Note shall not in any way be impaired. 

(d) Prepayment. All or any portion of this Note, together with all accrued and unpaid interest thereon, may be prepaid at any time
without premium or penalty, subject to any restrictions required by the Parent’s or the Purchaser’s lenders. 
 (e)
Assignment. The Seller may not assign, transfer, pledge or otherwise dispose of this Note, or its rights to payment hereunder, without the prior written consent of the Purchaser. Any purported transfer in violation hereof shall be null and
void. 
 (f) Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the Province of Ontario
and the laws of Canada applicable in such Province and this Agreement shall be treated, in all respects, as an Ontario contract. 
 (g)
Attornment. Each party agrees (i) that any action or proceeding relating to this Note may (but need not) be brought in any court of competent jurisdiction in the Province of Ontario, and for that purpose now irrevocably and
unconditionally attorns and submits to the jurisdiction of such Ontario court; (ii) that it irrevocably waives any right to, and will not, oppose any such Ontario action or proceeding on any jurisdictional basis, including forum
non conveniens; and (iii) not to oppose the enforcement against it in any other jurisdiction of any Order duly obtained from an Ontario court as contemplated by this Section 6(g). 

[Remainder Of Page Intentionally Left Blank; Signature Page Follows] 

  
 -3- 

 IN WITNESS WHEREOF, the undersigned has caused this Note to be duly executed and delivered as of
the date and year first above written. 
  

			
	CASH MONEY ACQUISITION INC.
		
	By:	 	/s/ Chad Faulkner
		 	 Name: Chad Faulkner
 Title:
President

	
	ACCEPTED AND AGREED:
	
	THE J.P. GENOVA FAMILY TRUST,
	
	by its trustees
		
	By:	 	 
	Name: Elenora Genova
	Title: Trustee
		
	By:	 	 
	Name: Joseph Genova
	Title: Trustee
		
	By:	 	 
	Name: Anthony Coombs
	Title: Trustee

 [SIGNATURE PAGE TO SUBORDINATED
NOTE] 

 IN WITNESS WHEREOF, the undersigned has caused this Note to be duly executed and delivered as of
the date and year first above written. 
  

			
	CASH MONEY ACQUISITION INC.
		
	By:	 	 
		 	 Name: Chad Faulkner
 Title:
President

	
	ACCEPTED AND AGREED:
	
	THE J.P. GENOVA FAMILY TRUST,
	
	by its trustees
		
	By:	 	/s/ Elenora Genova
	Name: Elenora Genova
	Title: Trustee
		
	By:	 	/s/ Joseph Genova
	Name: Joseph Genova
	Title: Trustee
		
	By:	 	/s/ Anthony Coombs
	Name: Anthony Coombs
	Title: Trustee

 [SIGNATURE PAGE TO SUBORDINATED
NOTE]

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