Document:

EX-10.7

REGISTRATION RIGHTS AGREEMENT

     This REGISTRATION RIGHTS AGREEMENT, dated as of May 14, 2010 (this “Agreement”),
is by and among Viaspace Green Energy Inc., a British Virgin Islands company (the
“Company”), Sung Hsien Chang, Hsiu Fen Su, Chun Hao Chang, Jay Chang, each individual
residents of the State of Georgia, and Green Solutions Group Ltd, a British Virgin Islands company
(collectively the “Shareholders”). The Company and Shareholders are sometimes referred to
herein as a “Party” and collectively as the “Parties.”

RECITALS

     WHEREAS, pursuant to the transactions contemplated by that certain Share Purchase
Agreement, dated April 16, 2010, as amended as of the date hereof (the “Share Purchase
Agreement”), between VIASAPCE Inc., a Nevada corporation, and each of the Shareholders, Sung
Hsien Chang is exchanging 5,100,000 shares of Common Stock (as defined below) for shares stock in
VIASPACE;

     WHEREAS, following the closing of the transactions contemplated in the Share Purchase
Agreement, the Shareholders will own in the aggregate 400,000 shares of Common Stock (the
“Shares”) in the denominations set forth on Schedule 1 to the First Amendment to the Share
Purchase Agreement; and

     WHEREAS, it is a condition precedent to the closing of the transactions contemplated by
the Share Purchase Agreement that the parties hereto execute and deliver this Registration Rights
Agreement.

     NOW THEREFORE, for good and valuable consideration, the receipt of which is hereby
acknowledged, the Company desires to provide to each Holder (as defined below) the rights to
register the Registrable Securities (as defined below) held by them under the Securities Act (as
defined below) on the terms and subject to the conditions set forth herein.

ARTICLE I

DEFINITIONS

     1.1 Definitions. As used in this Agreement, the following capitalized terms shall
have the following respective meanings:

     “Action” means any action, suit, arbitration, inquiry, proceeding, or
investigation by or before any governmental entity.

     “Affiliate” means, with respect to any Person, any other Person that directly, or
indirectly through one or more intermediaries, controls, is controlled by, or is under common
control with, such specified Person, and, with respect to a natural Person, shall also include the
spouse and minor children of such natural Person who share a household with such natural Person,
together with any other Person controlled by them and any revocable trust settled by them or any
trust of which such Person is a trustee.

     “Authority” means any domestic (including federal, state, or local) or foreign
court, arbitrator, administrative, regulatory, or other governmental department, agency, official,
commission, tribunal, authority, or instrumentality, non-government authority, or Self-Regulatory
Organization.

     “Common Stock” means the common stock of the Company, $0.001 par value per share.

     “Exchange Act” means the United States Securities Exchange Act of 1934, as
amended, and all rules and regulations promulgated thereunder.

     “FINRA” means the Financial Industry Regulatory Authority.

     “Holder” means any Shareholder and any Affiliate of a Shareholder who is
permitted to hold Registrable Securities from time to time in accordance with the terms of this
Agreement, and, in each case, who continues to be entitled to the rights of a Holder hereunder.

     “Person” means any individual, partnership, firm, corporation, limited liability
company, association, trust, unincorporated organization or other entity, as well as any syndicate
or group that would be deemed to be a person under Section 13(d)(3) of the Securities Exchange Act
of 1934, as amended.

     “Registrable Securities” means all and any Common Stock held from time to time by
a Holder, (including the Shares, any other Common Stock the Holder may acquire, and any securities
issuable or issued or distributed in respect of any such Shares or Common Stock by way of a stock
dividend or stock split or in connection with a combination of shares, recapitalization,
reorganization, merger, amalgamation, consolidation or otherwise). For purposes of this Agreement,
Registrable Securities shall cease to be Registrable Securities when (i) a Registration Statement
covering such Registrable Securities has been declared effective under the Securities Act by the
SEC and such Registrable Securities have been disposed of pursuant to such effective Registration
Statement, (ii) the entire amount of the Registrable Securities proposed to be sold by a Holder in
a single sale, in the opinion of counsel satisfactory to the Company and such Holder, each in their
reasonable judgment, may be distributed to the public in the United States pursuant to Rule 144 (or
any successor provision then in effect) under the Securities Act in any three-month period,
(iii) any such Registrable Securities have been sold in a sale made pursuant to Rule 144 (or any
successor provision then in effect) under the Securities Act, (iv) the Holder of the Registrable
Securities is a non-affiliate of the Company and the Registrable Securities are saleable without
any requirement to comply with any conditions in Rule 144, or (v) such Registrable Securities cease
to be outstanding.

     “Registration Expenses” means all expenses in connection with or incident to the
registration of Registrable Securities hereunder, including (a) all SEC and any FINRA registration
and filing fees and expenses, (b) all fees and expenses in connection with the registration or
qualification of Registrable Securities for offering and sale under the securities or “blue sky”
laws of any state or other jurisdiction of the United States of America and, in the case of an
underwritten offering, determination of their eligibility for investment under the laws of such
jurisdictions as the managing underwriter or underwriters may reasonably designate, including
reasonable fees and disbursements, if any, of counsel for the underwriters in connection with such
registrations or qualifications and determination, (c) all expenses relating to the preparation,
printing, distribution and reproduction of any Registration Statement required to be filed
hereunder, each prospectus included therein or prepared for distribution pursuant hereto, each
amendment or supplement to the foregoing, the expenses of preparing Registrable Securities in a
form for delivery for purchase pursuant to such registration or qualification and the expense of
printing or producing any underwriting agreement(s) and agreement(s) among underwriters and any
“blue sky” or legal investment memoranda, any selling agreements and all other documents approved
for use in writing by the Company to be used in connection with the offering, sale or delivery of
Registrable Securities, (d) messenger, telephone and delivery expenses of the Company and
out-of-pocket travel expenses incurred by or for the Company’s personnel for travel undertaken for
any “road show” made in connection with the offering of securities registered thereby, (e) fees and
expenses of any transfer agent and registrar with respect to the delivery of any Registrable
Securities and any escrow agent or custodian involved in the offering, (f) fees, disbursements and
expenses of counsel of the Company and independent certified public accountants of the Company
incurred in connection with the registration, qualification and offering of the Registrable
Securities (including the expenses of any opinions or “comfort” letters required by or incident to
such performance and compliance), (g) fees, expenses and disbursements of counsel and any other
persons retained by the Company, including special experts retained by the Company in connection
with such registration, (h) Securities Act liability insurance, if the Company desires such
insurance, (i) transfer agents’ and registrars’ fees and expenses and the fees and expenses of any
other agent or trustee appointed in connection with such offering, and (j) the fees and expenses
incurred by the Company and its advisers in connection with the quotation or listing of Registrable
Securities on any securities exchange or automated securities quotation system. Notwithstanding
the foregoing, any (x) fees and expenses of any legal counsel or other advisors to a Holder and any
other out-of-pocket expenses of a Holder, (y) brokerage commissions attributable to the sale of any
of the Registrable Securities, and (z) commissions, fees, discounts, transfer taxes or stamp duties
and expenses of any underwriter or placement agent applicable to Registrable Securities offered for
a Holder’s account in accordance with this Agreement shall not be “Registration Expenses.”

     “Registration Statement” means a Demand Registration Statement or a Piggy-Back
Registration Statement, as the case may be.

     “Representatives” means with respect to any Party, the directors, officers,
employees, agents, attorneys, accountants, consultants, financial, and other advisors of such
Party.

     “SEC” means the United States Securities and Exchange Commission, or any
successor thereto.

     “Securities Act” means the United States Securities Act of 1933, as amended, and
all rules and regulations promulgated thereunder.

     “Self-Regulatory Organization” means FINRA, any United States or non-United
States securities exchange, commodities exchange, registered securities association, the Municipal
Securities Rulemaking Board, National Futures Association, and any other board or body, whether
United States or non-United States, that regulates brokers, dealers, commodity pool operators,
commodity trading advisors, or future commission merchants.

ARTICLE II

REGISTRATION RIGHTS

     2.1 Demand Registration Rights.

           (a)  Upon receipt of a written request from a Holder (such Holder, together with
its Affiliates, the “Exercising Holder”) requesting that the Company effect a registration
(a “Demand Registration”) under the Securities Act covering the registration of some or all
of the Registrable Securities, and which notice shall specify the number of Registrable Securities
for which registration is requested and the intended method or methods of distribution thereof, the
Company shall (i) give notice of such election within 30 days after receipt of the Exercising
Holders’ notice to each other Holder, which notice shall set forth the identity of the Exercising
Holder(s) requesting such registration, and such Holders shall have the right, by giving written
notice to the Company within 30 days after the Company provides its notice, to elect to have
included in such registration such of their Registrable Securities as such Holders may request in
such notice of election and (ii) use reasonable efforts to, as soon as reasonably practicable,
after receipt of such written request, file with the SEC and use reasonable efforts to cause to be
declared effective, a registration statement (a “Demand Registration Statement”) relating
to all of the Registrable Securities that the Company has been so requested to register for sale,
to the extent required to permit the disposition (in accordance with the intended method or methods
of distribution thereof) of the Registrable Securities so registered.

           (b)  If the Demand Registration relates to an underwritten public offering and the
managing underwriter of such proposed public offering advises the Company and the Exercising Holder
that, in its reasonable opinion, the number of Registrable Securities requested to be included in
the Demand Registration (including securities to be sold by the Company or any other security
holder, including any Holders other than the Exercising Holder (such Holders, the
“Non-Exercising Holders”)) exceeds the largest number of securities which reasonably can be
sold in such offering without having a material adverse effect on such offering, including the
price at which such securities can be sold (the “Maximum Offering Size”), then the Company
shall include in such Demand Registration, up to the Maximum Offering Size, first, the Registrable
Securities the Exercising Holder proposes to register, second, the Registrable Securities any
Non-Exercising Holder proposes to register, and third, any securities the Company proposes to
register and any securities with respect to which any other security holder has requested
registration. The Company shall not hereafter enter into any agreement which is inconsistent with
the rights of priority provided in this Section 2.1(b).

           (c)  Notwithstanding anything to the contrary contained herein, a registration
requested pursuant to this Section 2.1 shall not be deemed to have been effected for purposes of
this Section 2.1(c) unless (A) it has been declared effective by the SEC, (B) it has remained
effective for the period set forth in Section 2.4(a) and (C) the offering of Registrable Securities
pursuant to such registration is not subject to any stop order, injunction or other order or
requirement of the SEC; provided, however, that in the event the Exercising Holder revokes a Demand
Registration request (which revocation may only be made prior to the Company requesting
acceleration of effectiveness of the registration statement) then such Demand Registration shall
count as having been effected unless the Exercising Holder pays all Registration Expenses in
connection with such revoked Demand Registration within seven (7) days of written request therefor
by the Company.

           (d)  Notwithstanding anything to the contrary contained herein, the Company shall
not be required to prepare and file (i) more than one (1) Demand Registration Statement in any
twelve-month period, (ii) any Demand Registration Statement within one hundred and eighty (180)
days following the date of effectiveness of any other Registration Statement or (ii) or three (3)
Demand Registration Statements in the aggregate.

          (e)  A Demand Registration requested pursuant to this Section 2.1 shall not be
deemed to have been effected unless the Demand Registration Statement relating thereto (i) has
become effective under the Securities Act and the Registrable Securities of the Holder included in
such Demand Registration Statement have actually been sold thereunder and (ii) has remained
effective for a period of at least that specified in Section 2.4(a); provided, however, that if
after any Demand Registration Statement requested pursuant to this Section 2.1 becomes effective,
such Demand Registration Statement is interfered with by any stop order, injunction or other order
or requirement of the SEC or other governmental agency or court solely due to the actions or
omissions to act of the Company, such Demand Registration Statement shall be at the sole expense of
the Company and shall not be included as one of the Demand Registrations which may be requested
pursuant to this Section 2.

     2.2 Piggy-Back Registration.

           (a)  If the Company proposes to file on its behalf and/or on behalf of any holder
of its securities (other than a holder of Registrable Securities) a registration statement under
the Securities Act on any form (other than a registration statement on Form S-4, F-4 or S-8 (or any
successor form) for securities to be offered in a transaction of the type referred to in Rule 145
under the Securities Act or to employees of the Company pursuant to any employee benefit plan,
respectively) for the registration of Common Stock (a “Piggy-Back Registration”), it shall
give written notice to all Holders at least thirty (30) days before the initial filing with the SEC
of such registration statement (a “Piggy-Back Registration Statement”), which
notice shall set forth the number of Common Stock that the Company and other holders of Common
Stock, if any, then contemplate including in such registration and the intended method of
disposition of such Common Stock.

           (b)  If any Holder desires to have Registrable Securities registered under this
Section 2.2 (the “Participating Piggy-Back Holders”), it shall advise the Company in
writing within ten (10) days after the date of receipt of such notice from the Company of its
desire to have Registrable Securities registered under this Section 2.2, and shall set forth the
number of Registrable Securities for which registration is requested. The Company shall thereupon
use reasonable efforts to include, or in the case of a proposed underwritten public offering, use
reasonable efforts to cause the managing underwriter or underwriters to permit such Holder to
include, in such filing the number of Registrable Securities for which registration is so
requested, subject to paragraph (c) below, and shall use reasonable efforts to effect registration
of such Registrable Securities under the Securities Act.

           (c)  If the Piggy-Back Registration relates to an underwritten public offering and
the managing underwriter of such proposed public offering advises the Company and the Holders that,
in its reasonable opinion, the number of Registrable Securities requested to be included in the
Piggy-Back Registration together with the securities being registered by the Company or any other
security holder exceeds the Maximum Offering Size, then:

                (i)  in the event the Company initiated the Piggy-Back Registration, the
Company shall include in such Piggy-Back Registration first, the securities the Company proposes
to register, second, the securities of the Participating Piggy-Back Holders, and third, the
securities of all other selling security holders, to be included in such Piggy-Back Registration
in an amount that together with the securities the Company proposes to register, shall not
exceed the Maximum Offering Size and shall be allocated among such selling security holders on a
pro rata basis (based on the number of Common Stock held by each such selling security holder);
and

                (ii)  in the event any holder of securities of the Company initiated the
Piggy-Back Registration, the Company shall include in such Piggy-Back Registration first, the
securities such initiating security holder proposes to register, second, the securities of any
other selling security holders (including the Participating Piggy-Back Holders), in an amount
that together with the securities the initiating security holder proposes to register, shall not
exceed the Maximum Offering Size, such amount to be allocated among all such selling security
holders on a pro rata basis (based on the number of Common Stock held by each such selling
security holder) and third, any securities the Company proposes to register, in an amount that
together with the securities the initiating security holder and the other selling security
holders propose to register, shall not exceed the Maximum Offering Size.

           (d)  The Company shall not hereafter enter into any agreement that is inconsistent
with the rights of priority provided in Section 2.2(c) without prior written consent of the Holders
of a majority of the Shares.

     2.3 Blackout Periods. The Company shall have the right to delay the filing or
effectiveness of a Registration Statement required pursuant to Section 2.1 or 2.2 hereof during no
more than two (2) periods aggregating to not more than one hundred and twenty (120) days in any
twelve-month period (each, a “Blackout Period”), in the event that (i) the Company would,
in the good faith judgment of the Company’s board of directors, be required to disclose in the
prospectus information not otherwise then required by law to be publicly disclosed and (ii) in the
good faith judgment of the Company’s board of directors, there is a reasonable likelihood that such
disclosure, or any other action to be taken in connection with the prospectus, would materially and
adversely affect or interfere with any significant financing, acquisition, merger, disposition of
assets, corporate reorganization or other material transaction or negotiations involving the
Company; provided, however, that (A) a Holder shall be entitled, at any time after receiving notice
of such delay and before such Demand Registration Statement becomes effective, to withdraw such
request and, if such request is withdrawn, such Demand Registration shall not count as one of the
permitted Demand Registrations and (B) the Company shall delay during such Blackout Period the
filing or effectiveness of any Registration Statement required pursuant to the registration rights
of other holders of any securities of the Company. The Company shall promptly give the Holders
written notice of such determination containing, to the extent permitted by law, a general
statement of the reasons for such postponement and an approximation of the anticipated delay. After
the expiration of any Blackout Period (including upon public disclosure of the information that was
the reason for such Blackout Period) and without any further request from any Holder, the Company
shall (subject to there being no other Blackout period) promptly notify the Holders and shall use
reasonable efforts to prepare and file with the SEC the requisite Registration Statement or such
amendments or supplements to such Registration Statement or prospectus used in connection therewith
as may be necessary to cause such Registration Statement to become effective as promptly as
practicable thereafter.

     2.4 Registration Procedures. If the Company is required by the provisions of
Section 2.1 or 2.2 to use reasonable efforts to effect the registration of any of its securities
under the Securities Act, the Company shall, as soon as reasonably practicable, after receipt of a
written request for a Demand Registration:

           (a)  prepare and file, no later than 45 days after request, with the SEC
a Registration Statement with respect to such securities and use reasonable efforts to cause such
Registration Statement to become effective as promptly as practicable and to remain effective for a
period of time required for the disposition of such Registrable Securities by the Holders thereof
but at least three hundred sixty (360) days excluding any days that fall during a permitted
Blackout Period under Section 2.3; provided, however, that before filing such Registration
Statement or any amendments or supplements thereto, the Company shall, if requested, furnish to
counsel selected by the Holders copies of all documents proposed to be filed, which documents shall
be subject to the review of such counsel, and shall in good faith consider incorporating in each
such document such changes as such counsel to the Holders reasonably and in a timely manner may
suggest;

           (b)  prepare and file with the SEC such amendments and supplements to such
Registration Statement and the prospectus used in connection therewith as may be necessary to keep
such Registration Statement effective and to comply with the provisions of the Securities Act with
respect to the sale or other disposition of all securities covered by such Registration Statement
until the earlier of such time as all of such securities have been disposed of in a public offering
or the expiration of three hundred sixty (360) days (excluding any days that fall during a
permitted Blackout Period under Section 2.3);

           (c)  furnish to such selling security holders such number of conformed copies of
the applicable Registration Statement and each such amendment and supplement thereto (including in
each case all exhibits), such number of copies of the prospectus contained in such Registration
Statement (including each preliminary prospectus and any summary prospectus) and any other
prospectus, in conformity with the requirements of the Securities Act, and such other documents, as
such selling security holders may reasonably request;

           (d)  use reasonable efforts to register or qualify the Registrable Securities or
other securities covered by such Registration Statement under such other securities or blue sky
laws of such jurisdictions within the United States and its territories and possessions as each
Holder of such Registrable Securities shall reasonably request, to keep such registration or
qualification in effect for so long as such Registration Statement remains in effect or until all
of the Registrable Securities are sold, whichever is shorter, and to take any other action which
may be reasonably necessary or advisable to enable the Holder to consummate the disposition in such
jurisdictions of the securities owned by such Holder (provided, however, that the Company shall not
be required in connection therewith or as a condition thereto to qualify to do business as a
foreign corporation, subject itself to taxation in or to file a general consent to service of
process in any jurisdiction where it would not, but for the requirements of this paragraph (d), be
obligated to do so) and do such other reasonable acts and things as may be required of it to enable
such Holder to consummate the disposition in such jurisdiction of the securities covered by such
Registration Statement;

           (e)  use reasonable efforts to furnish, at the request of any Holder requesting
registration of Registrable Securities pursuant to Section 2.1 or 2.2, if the method of
distribution is by means of an underwriting, on the date that the shares of Registrable Securities
are delivered to the underwriters for sale pursuant to such registration, or if such Registrable
Securities are not being sold through underwriters, on the date that the registration statement
with respect to such shares of Registrable Securities becomes effective, (1) a signed opinion
(including disclosure statement), dated such date, of the independent legal counsel representing
the Company for the purpose of such registration, addressed to the underwriters, if any and
(2) letters dated such date and the date the offering is priced from the independent certified
public accountants of the Company, addressed to the underwriters, if anyin each case, in customary
form and covering such matters of the kind customarily covered by opinions or comfort letters, as
the case may be, in such a transaction;

           (f)  enter into customary agreements (including if the method of distribution is by
means of an underwriting, an underwriting agreement containing representations, warranties and
indemnities in customary form) and take such other actions as are reasonably required in order to
expedite or facilitate the disposition of such Registrable Securities;

           (g)  otherwise use reasonable efforts to comply with all applicable rules and
regulations promulgated by the SEC;

           (h)  use reasonable efforts to cause all such Registrable Securities to be listed
on each securities exchange or quotation system on which the Common Stock are listed or traded;

           (i)  give written notice to the Holders:

                (i)  when such Registration Statement, the prospectus or any amendment or
supplement thereto has been filed with the SEC and when such Registration Statement or any
post-effective amendment thereto has become effective;

               (ii)  of any request by the SEC for amendments or supplements to such
Registration Statement or the prospectus included therein or for additional information;

               (iii)  of the issuance by the SEC of any stop order suspending the
effectiveness of such Registration Statement or the initiation of any proceedings for that
purpose;

                (iv) of the receipt by the Company or its legal counsel of any notification
with respect to the suspension of the qualification of the Common Stock for sale in any
jurisdiction or the initiation or threatening of any proceeding for such purpose; and

                (v)  of the happening of any event that requires the Company to make
changes in such Registration Statement or such prospectus in order to make the statements
therein, in light of the circumstances in which they were made, not misleading (which notice
shall be accompanied by an instruction to suspend the use of such prospectus until the requisite
changes have been made);

           (j)  use reasonable efforts to obtain the withdrawal of any order suspending the
effectiveness of such Registration Statement at the earliest possible time;

           (k)  furnish to each Holder, without charge, at least one copy of such Registration
Statement and any post-effective amendment thereto, including financial statements and schedules,
and, if the Holder so requests in writing, all exhibits (including those, if any, incorporated by
reference);

           (l)  upon the occurrence of any event contemplated by Section 2.4(i)(v) above,
promptly prepare a post-effective amendment to such Registration Statement or a supplement to the
related prospectus or file any other required document so that, as thereafter delivered to the
Holders, the prospectus shall not contain an untrue statement of a material fact or omit to state
any material fact necessary to make the statements therein, in light of the circumstances under
which they were made, not misleading. If the Company notifies the Holders in accordance with
Section 2.4(i)(v) above to suspend the use of the prospectus until the requisite changes to the
prospectus have been made, then the Holders shall suspend use of such prospectus and use reasonable
efforts to return to the Company all copies of such prospectus other than permanent file copies
then in such Holder’s possession, and the period of effectiveness of such Registration Statement
provided for above shall be extended by the number of days from and including the date of the
giving of such notice to the date the Holders shall have received such amended or supplemented
prospectus pursuant to this Section 2.4(l);

           (m)  subject to the execution of confidentiality agreements satisfactory in form
and substance to the Company, pursuant to the reasonable request of the Holder or underwriters,
make reasonably available for inspection by representatives of the Holders, any underwriter
participating in any disposition pursuant to such Registration Statement, and any attorney,
accountant or other agent retained by such representative or any such underwriter all relevant
financial and other records, pertinent corporate documents and properties of the Company and its
subsidiaries and cause the officers, directors and employees of the Company and its subsidiaries to
supply all relevant information reasonably requested by such representative or any such
underwriter, attorney, accountant or agent in connection with the registration provided that any
such information inspected or discussions conducted shall be done in a manner so as not to
unreasonably disrupt the operation of the Company’s business;

           (n)  in connection with any underwritten offering to the extent the underwriters
determine that the failure to do so would have a material adverse effect on such offering, make
appropriate officers and senior executives of the Company reasonably available to the selling
security holders for meetings with prospective purchasers of Registrable Securities and prepare and
present to potential investors customary “road show” material in each case in accordance with the
recommendations of the underwriters and in all respects in a manner reasonably requested and
consistent with other new issuances of securities in an offering of a similar size to such offering
of the Registrable Securities; and

           (o)  use reasonable efforts to procure the cooperation of the Company’s transfer
agent in settling any offering or sale of Registrable Securities, including with respect to the
transfer of physical stock certificates into book-entry form in accordance with any procedures
reasonably requested by the Holders or the underwriters, if any.

           It shall be a condition precedent to the obligation of the Company to take any
action pursuant to this Agreement in respect of the Registrable Securities which are to be
registered at the request of any Holder that such Holder shall furnish to the Company such
information regarding the Registrable Securities held by such Holder and the intended method of
distribution thereof as the Company shall reasonably request and as shall be required in connection
with the action taken by the Company.

     2.5 Expenses. Except as otherwise agreed or set forth herein, the Company shall
bear and pay all Registration Expenses, and Holders shall bear and pay all (x) fees and expenses of
any legal counsel or other advisors to such Holder and any other out-of-pocket expenses of such
Holder, (y) brokerage commissions attributable to the sale of any of the Registrable Securities,
and (z) commissions, fees, discounts, transfer taxes or stamp duties and expenses of any
underwriter or placement agent applicable to Registrable Securities offered for a Holder’s account
in accordance with this Agreement.

     2.6 Holdback Agreement. 

           (a)  In the case of an underwritten offering of securities by the Company with
respect to which the Company has complied with its obligations hereunder, each Holder agrees, if
and to the extent (i) requested by the managing underwriter of such underwritten offering and
(ii) all of the Company’s named executive officers and directors execute agreements identical to
those referred to in this Section 2.6, that it shall not during the period beginning on, and ending
ninety (90) days (subject to one extension of no more than 17 days if required by the underwriters
in connection with FINRA Rule 2711(f)(4) or any similar or successor provision) (or such shorter
period as may be permitted by such managing underwriter) after, the effective date of the
registration statement filed in connection with such Registration (the “Holdback Period”),
except for Registrable Securities included in such registration or as otherwise agreed between such
Holder and such managing underwriter, (i) lend, offer, pledge, sell, contract to sell, sell any
option or contract to purchase, purchase any option or contract to sell, grant any option, right,
or warrant to purchase, or otherwise transfer or dispose of, directly or indirectly, any shares of
Common Stock or any securities convertible into or exercisable or exchangeable for Common Stock
held immediately prior to the effectiveness of the Registration Statement for such offering, or
(ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any
of the economic consequences of ownership of the Common Stock, whether any such transaction
described in clause (i) or (ii) above is to be settled by delivery of Common Stock or other
securities, in cash or otherwise; provided, however, that such restrictions shall not apply to any
such sales, purchases, grants, transfers, dispositions, or arrangements to settle or otherwise
close any hedging instruments that were outstanding prior to the beginning of the Holdback Period
unless the Holder of such Registrable Securities had proposed to sell Registrable Securities in the
offering. No Holder subject to this Section 2.6 or any of the Company’s executive officers and
directors that execute agreements identical to those referred to in this Section 2.6 shall be
released from any obligation under any agreement, arrangement or understanding entered into
pursuant to or contemplated by this Section 2.6 unless all Holders are also released from their
obligations under Section 2.6. In the event of any such release the Company shall notify the
Holders of any such release within three (3) business days after such release. If requested by the
managing underwriter, each Holder shall enter into a lock-up agreement with the applicable
underwriters that is consistent with the agreement in this Section 2.6.

           (b)  In order to enforce the foregoing covenant, the Company may impose stop
transfer instructions with respect to the Registrable Securities of each Holder (and the shares or
securities of every other Person subject to the foregoing restriction) to the extent transfers are
so restricted, until the end of such period.

ARTICLE III

INDEMNIFICATION

     3.1 Indemnification by the Company. The Company will, and it hereby does,
indemnify and hold harmless, to the extent permitted by law, the seller of any Registrable
Securities covered by each registration statement filed by the Company to which Article II applies,
each affiliate of such seller and their respective trustees, directors, and officers or general and
limited partners (including any director, officer, affiliate, employee, representative, agent, and
controlling Person of any of the foregoing, within the meaning of Section 15 of the Securities Act
and Section 20 of the Exchange Act), each other Person who participates as an underwriter in the
offering or sale of such securities and each other Person, if any, who controls such seller or any
such underwriter within the meaning of the Securities Act (each, a “Seller Indemnified
Party”, and collectively, the “Seller Indemnified Parties”), against any and all
Actions (whether or not a Seller Indemnified Party is a party thereto), losses, claims, damages, or
liabilities, joint or several, and expenses (including, without limitation, reasonable attorney’s
fees and reasonable expenses of investigation) to which such Seller Indemnified Party becomes
subject under the Securities Act, common law, or otherwise, insofar as such losses, claims,
damages, liabilities, or expenses (or actions or proceedings in respect thereof, whether or not
such Seller Indemnified Party is a party thereto) arise out of, relate to, or are based upon
(a) any untrue statement or alleged untrue statement of any material fact contained in any such
registration statement, any preliminary, final, or supplemental prospectus contained therein, or
any amendment or supplement thereto or any issuer free-writing prospectus relating to any sale or
distribution pursuant thereto, or (b) any omission or alleged omission to state therein a material
fact required to be stated therein or necessary to make the statements therein (in the case of a
prospectus, in light of the circumstances under which they were made) not misleading, and the
Company will reimburse such Seller Indemnified Party for any legal or any other expenses reasonably
incurred by such Seller Indemnified Party in connection with investigating or defending against any
such loss, claim, liability, action, or proceeding; provided, that the Company shall not be
liable to any Seller Indemnified Party in any such case to the extent that any such loss, claim,
damage, liability (or action or proceeding in respect thereof), or expense arises out of or is
based upon any untrue statement or alleged untrue statement or omission or alleged omission made in
such registration statement or amendment or supplement thereto or in any such preliminary, final,
or supplemental prospectus or issuer free-writing prospectus in reliance upon and in conformity
with written information furnished to the Company through an instrument duly executed by such
seller specifically stating that it is for use in the preparation thereof. Such indemnity shall
remain in full force and effect regardless of any investigation made by or on behalf of the Company
or any of the prospective sellers, or any of their respective affiliates, directors, officers, or
controlling Persons and shall survive the transfer of such securities by such seller.

     3.2 Indemnification by the Holders. The Company may require, as a condition to
including any Registrable Securities in any registration statement to which Article II applies,
that the Company shall have received an undertaking reasonably satisfactory to it from the
prospective seller of such Registrable Securities or any underwriter to indemnify and hold harmless
(in the same manner and to the same extent as set forth in Section 3.1) the Company, its directors,
officers, affiliates, employees, representatives, agents, and controlling Persons (each, a
“Company Indemnified Party,” and collectively, the “Company Indemnified Parties,”
and together with the Seller Indemnified Parties, the “Indemnified Parties” and each
individually an “Indemnified Party”) with respect to any untrue statement or alleged untrue
statement in or omission or alleged omission from such registration statement, any preliminary,
final or supplemental prospectus contained therein, or any amendment or supplement, if such untrue
statement or alleged untrue statement or omission or alleged omission was made in reliance upon and
in conformity with written information furnished to the Company through an instrument duly executed
by such seller or underwriter respectively, specifically stating that it is for use in the
preparation of such registration statement, preliminary, final, or supplemental prospectus or
amendment or supplement, or a document incorporated by reference into any of the foregoing;
provided, however, that the indemnity agreement contained in this Section 3.2 shall not apply to
amounts paid in settlement of any such loss, claim, damage, liability or action if such settlement
is effected without the consent of such seller (which consent shall not be unreasonably withheld or
delayed). Such indemnity shall remain in full force and effect regardless of any investigation made
by or on behalf of the Company or any of the prospective sellers, or any of their respective
affiliates, directors, officers, or controlling Persons and shall survive the transfer of such
securities by such Holder.

     3.3 Notices of Claims. Promptly after receipt by an Indemnified Party hereunder
of written notice of the commencement of any Action with respect to which a claim for
indemnification may be sought pursuant to this Article III, such Indemnified Party will, if a claim
in respect thereof is to be made against an indemnifying party, give prompt written notice to the
latter of the commencement of such Action; provided that the failure of the Indemnified
Party to give prompt notice as provided herein (i) shall not relieve the indemnifying party of its
obligations under this Article III, except to the extent that the indemnifying party is materially
prejudiced by such failure to give prompt notice, and (ii) shall not, in any event, relieve the
indemnifying party from any obligations which it may otherwise have to any Indemnified Party in
addition to any indemnification obligation provided in Sections 3.1 and 3.2. In case any such
Action is brought against an Indemnified Party, unless in such Indemnified Party’s reasonable
judgment a conflict of interest between such Indemnified Party and indemnifying parties may exist
in respect of such Action, the indemnifying party will be entitled to participate in and to assume
the defense thereof (at its expense), jointly with any other indemnifying party similarly notified
to the extent that it may wish, with counsel reasonably satisfactory to such Indemnified Party, and
after notice from the indemnifying party to such Indemnified Party of its election so to assume the
defense thereof, the indemnifying party will not be liable to such Indemnified Party for any legal
or other expenses subsequently incurred by the latter in connection with the defense thereof other
than reasonable costs of investigation. No indemnifying party will consent to entry of any judgment
or settle any Action which (i) does not include, as an unconditional term thereof, the giving by
the claimant or plaintiff to such Indemnified Party of a release from all liability in respect of
such Action, and (ii) does not involve the imposition of equitable remedies or of any obligations
on such Indemnified Party and does not otherwise adversely affect such Indemnified Party, other
than as a result of the imposition of financial obligations for such Indemnified Party will be
indemnified hereunder.

     3.4 Contribution.

           (a)  If the indemnification provided for in this Article III from the indemnifying
party is unavailable to or insufficient to fully hold harmless an Indemnified Party hereunder in
respect of any Action, losses, damages, liabilities, or expenses referred to herein, then the
Indemnifying Party, in lieu of indemnifying such Indemnified Party, shall contribute to the amount
paid or payable by such Indemnified Party as a result of such Action, losses, damages, liabilities,
or expenses in such proportion as is appropriate to reflect the relative fault of the indemnifying
party and such Indemnified Party in connection with the actions which resulted in such Action
losses, damages, liabilities, or expenses, as well as any other relevant equitable considerations.
The relative fault of such indemnifying party and such Indemnified Party shall be determined by
reference to, among other things, whether any action in question, including any untrue or alleged
untrue statement of a material fact or omission or alleged omission to state a material fact, has
been made by, or relates to information supplied by, such indemnifying party or Indemnified
Parties, and the parties’ relative intent, knowledge, access to information, and opportunity to
correct or prevent such action. The amount paid or payable by a party under this Section 3.4 as a
result of the Action, losses, damages, liabilities, and expenses referred to above shall be deemed
to include any legal or other fees or expenses reasonably incurred by such party in connection with
any investigation or proceeding.

           (b)  The parties hereto agree that it would not be just and equitable if
contribution pursuant to this Section 3.4 were determined by pro rata allocation or by any other
method of allocation which does not take account of the equitable considerations referred to in
Section 3.4(a) hereof. No Person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Securities Act) shall be entitled to contribution from any Person who was not
guilty of such fraudulent misrepresentation.

     3.5 Limitation of Holder Liability. Notwithstanding any other provisions of this
Agreement, the aggregate liability of a Holder under this Article III shall be limited to the
aggregate net proceeds received by such seller in connection with any offering to which such
registration under the Securities Act relates.

ARTICLE IV

RULE 144

     4.1 Rule 144. The Company covenants that it will use reasonable efforts to
(a) file the reports required to be filed by it under the Securities Act and the Exchange Act (or,
if the Company is not required to file such reports, it will, upon the request of any Holder, make
publicly available such information), and it will take such further action as any Holder may
reasonably request, all to the extent required from time to time to enable such Holder to sell
Registrable Securities without registration under the Securities Act within the limitation of the
exemptions provided by (i) Rule 144 under the Securities Act, as such Rule may be amended from time
to time, or (ii) any similar rule or regulation hereafter adopted by the SEC; and (b) file with or
furnish to the SEC in a timely manner all reports and other documents required of the Company under
the Securities Act and the Exchange Act. Upon the request of any Holder of Registrable Securities,
the Company will deliver to such Holder a written statement as to whether it has complied with such
requirements.

ARTICLE V

SELECTION OF UNDERWRITERS AND COUNSEL

     5.1 Selection of Managing Underwriters. In the event the Participating Demand
Holders have requested an underwritten offering, the underwriter or underwriters shall be selected
by the Company, subject to consultation with and the approval of the Holders of a majority of the
shares being so registered, which approval shall not be unreasonably withheld or delayed. In that
event, (i) all of the representations and warranties by, and the other agreements on the part of,
the Company to and for the benefit of such underwriters shall also be made to and for the benefit
of such Holders of Registrable Securities, (ii) that any or all of the conditions precedent to the
obligations of such underwriters under such underwriting agreement shall be conditions precedent to
the obligations of such Holders of Registrable Securities, and (iii) that no Holder shall be
required to make any representations or warranties to or agreements with the Company or the
underwriters other than representations, warranties or agreements regarding such Holder, the
Registrable Securities of such Holder and such Holder’s intended method of distribution and any
other representations customarily required or required by law. Subject to the foregoing, all
Holders proposing to distribute Registrable Securities through such underwritten offering shall
enter into an underwriting agreement in customary form with the underwriter or underwriters.

     5.2 Selection of Counsel. In connection with any registration of Registrable
Securities pursuant to Article II hereof, the Holders of a majority of the Registrable Securities
covered by any such registration may select one firm (at the Holders’ expense) as counsel to
represent all Holders of Registrable Securities covered by such registration; provided, however,
that in the event that the counsel selected as provided above is also acting as counsel to the
Company in connection with such registration, the remaining Holders shall be entitled to select one
additional firm as counsel to represent all such remaining Holders at such remaining Holders’
expense.

ARTICLE VI

MISCELLANEOUS

     6.1 Additional Registration Rights. From and after the date of this Agreement,
the Company grants to any Person with respect to any security issued by the Company or any of its
subsidiaries registration rights that provide for terms that are in any manner more favorable to
the holder of such registration rights than the terms granted to the holders of Registrable
Securities (or if the Company amends or waives any provision of any Agreement providing
registration rights of others or takes any other action whatsoever to provide for terms that are
more favorable to other holders than the terms provided to the holders of Registrable Securities)
then this Agreement shall immediately be deemed amended to provide the holders of Registrable
Securities with any (or all) of such more favorable terms as such holders shall elect to include
herein.

     6.2 Termination. This Agreement will terminate upon the earliest to occur of the
date upon which there shall be no Registrable Securities as a result of the events set forth in
subsections (i) through (v) of the definition of Registrable Securities set forth herein. Upon
termination pursuant to this Section 6.2, the Company will no longer be obligated to provide notice
of a proposed registration.

     6.3 Amendments; Waivers.

           (a)  No failure or delay on the part of any Party in exercising any right, power,
or privilege hereunder will operate as a waiver thereof, nor will any single or partial exercise
thereof preclude any other or further exercise thereof or the exercise of any other right, power,
or privilege.

           (b)  Any provision of this Agreement may be amended or waived if, but only if, such
amendment or waiver is in writing and signed by all Parties.

     6.4 Successors and Assigns. All the terms and provisions of this Agreement shall
be binding upon and inure to the benefit of and be enforceable by the Parties and the successors
and assigns of each Party, whether so expressed or not. None of the Parties may assign any of its
rights or obligations hereunder, in whole or in part, by operation of law or otherwise, without the
prior written consent of the other Parties, and any such assignment without such prior written
consent shall be null and void; provided, however, that all or any portion of the rights of each
Holder under this Agreement are transferable to each transferee of such Holder to whom the
transferor transfers Registrable Securities and each transferee of such Holder agrees to be bound
by and to perform all of the terms and provisions required by this Agreement.

     6.5 Notices. All notices and communications hereunder shall be deemed to have
been duly given and made if in writing and if served by personal delivery upon the party for whom
it is intended, or if delivered by registered or certified mail, return receipt requested, or if
sent by telecopier in each case, to the Person at the address set forth below, or such other
address as may be designated in writing hereafter, in the same manner, by such Person:

	 	(a)	 	if to the Company, to:

VIASPACE Green Energy Inc.

2102 Business Center Drive

Irvine, CA 92612

Telephone: 626-768-3360

Facsimile: 626-578-9063

with a copy (which shall not constitute notice) to:

Richardson & Patel LLP

10900 Wilshire Boulevard, Suite 500

Los Angeles, California 90063

Attention: Ryan Hong

Telephone: 310-208-1182

Facsimile: 310-208-1154

(b) if to a Shareholder, to:

Mr. Sung Chang

121 Bells Ferry Lane

Marietta, Georgia 30066

with a copy (which shall not constitute notice) to:

McDaniel Law Group, PC

PO Box 681235

Marietta, Georgia 30068-0021

Attn: Frank McDaniel

Facsimile: (404) 393-5916

The failure to provide notice in accordance with the required timing, if any, set forth herein
shall affect the rights of the party providing such notice only to the extent that such delay
actually prejudices the rights of the party receiving such notice.

     6.6 Headings. The headings in this Agreement are for convenience of reference
only and will not control or affect the meaning or construction of any provisions hereof.

     6.7 Severability. The provisions of this Agreement shall be deemed severable and
the invalidity or unenforceability of any provision shall not affect the validity or enforceability
of the other provisions hereof. If any provision of this Agreement, or the application thereof to
any Person or any circumstance, is invalid or unenforceable, the remainder of this Agreement and
the application of such provision to other Persons or circumstances shall not be affected by such
invalidity or unenforceability, nor shall such invalidity or unenforceability affect the validity
or enforceability of such provision, or the application thereof, in any other jurisdiction.

     6.8 Counterparts. This Agreement may be executed in any number of counterparts
(including by facsimile), each of which will be an original with the same effect as if the
signatures thereto and hereto were upon the same instrument.

     6.9 Entire Agreement. This Agreement, together with the agreements referred to
herein, is intended by the parties to be a complete and exclusive statement of the agreement and
understanding of the parties hereto in respect of the subject matter contained herein and the
registration rights granted by the Company with respect to the Registrable Securities. This
Agreement supersedes all prior agreements and undertakings among the parties with respect to such
registration rights.

     6.10 Governing Law; Consent to Jurisdiction. As between the Parties, the
transactions contemplated in the Transaction Documents shall be governed as to validity,
interpretation, construction, effect, and in all other respects by the laws of the State of
Georgia, without regard to the conflicts of laws principals thereof. Each of the Shareholders and
Company irrevocably submits to the exclusive jurisdiction of the courts of the State of Georgia
located in the County of Cobb and the United States District Court in and for the Northern District
of Georgia for the purpose of any suit, action, proceeding or judgment relating to or arising out
of the Transaction Documents and the transactions contemplated hereby and thereby. Each of the
parties hereto irrevocably consents to the jurisdiction of any such court in any such suit, action
or proceeding and to the laying of venue in such court. Each party hereto irrevocably waives any
objection to the laying of venue of any such suit, action or proceeding brought in such courts and
irrevocably waives any claim that any such suit, action or proceeding brought in any such court has
been brought in an inconvenient forum. EACH OF THE PARTIES HERETO WAIVES ANY RIGHT TO REQUEST A
TRIAL BY JURY IN ANY LITIGATION WITH RESPECT TO THIS AGREEMENT AND REPRESENTS THAT COUNSEL HAS BEEN
CONSULTED SPECIFICALLY AS TO THIS WAIVER.

     6.11 Specific Performance; Injunctive Relief. The parties hereby acknowledge and
agree that the failure of any Party to perform its agreements and covenants hereunder, including
its failure to take all actions as are necessary on its part to the consummation of the
transactions contemplated hereby, will cause irreparable injury to the other Parties, for which
damages, even if available, will not be an adequate remedy. Accordingly, each Party hereby consents
to the issuance of injunctive relief by any court of competent jurisdiction to compel performance
of such Party’s obligations, to prevent breaches of this Agreement by such Party and to the
granting by any court of the remedy of specific performance of such Party’s obligations hereunder,
without bond or other security being required, in addition to any other remedy to which any Party
is entitled at law or in equity. Each Party irrevocably waives any defenses based on adequacy of
any other remedy, whether at law or in equity, that might be asserted as a bar to the remedy of
specific performance of any of the terms or provisions hereof or injunctive relief in any action
brought therefor by any Party.

6.12 Compliance; Questionnaire. Each Holder covenants and agrees that it will comply
with the prospectus delivery requirements of the Securities Act as applicable to it in connection
with sales of Registrable Securities pursuant to a Registration Statement. Each Holder agrees to
furnish to the Company a completed and updated questionnaire in the form attached to this Agreement
as Annex A (a “Selling Shareholder Questionnaire”) on a date that is not less than five (5)
business days prior to the date that the applicable Registration Statement is filed.

IN WITNESS WHEREOF, each of the undersigned has executed this Registration Rights Agreement or
caused this Registration Rights Agreement to be duly executed on its behalf as of the date first
written above.

COMPANY:

VIASPACE GREEN ENERGY INC.

By:      

Name:

Title:

SHAREHOLDERS:

      

SUNG HSIEN CHANG  

[VIASPACE GREEN ENERGY REGISTRATION RIGHTS AGREEMENT

SIGNATURE PAGE CONTINUED]

      

HSIU FEN SU

      

CHUN HAO CHANG  

      

JAY CHANG  

GREEN SOLUTIONS GROUP LTD.

By:      

Name:

Title:

1

ANNEX A

VIASPACE GREEN ENERGY INC.

Selling Shareholder Notice and Questionnaire

The undersigned beneficial owner of common stock (the “Registrable Securities”) of
VIASPACE GREEN ENERGY INC., a British Virgin Islands company (the “Company”), understands
that the Company has filed or intends to file with the Securities and Exchange Commission (the
“Commission”) a registration statement (the “Registration Statement”) for the
registration and resale under the Securities Act of 1933, as amended (the “Securities
Act”), of the Registrable Securities, in accordance with the terms of the Registration Rights
Agreement (the “Registration Rights Agreement”) to which this document is annexed. A copy
of the Registration Rights Agreement is available from the Company upon request at the address set
forth below. All capitalized terms not otherwise defined herein shall have the meanings ascribed
thereto in the Registration Rights Agreement.

Certain legal consequences arise from being named as a selling shareholder in the Registration
Statement and the related prospectus. Accordingly, holders and beneficial owners of Registrable
Securities are advised to consult their own securities law counsel regarding the consequences of
being named or not being named as a selling shareholder in the Registration Statement and the
related prospectus.

NOTICE

The undersigned beneficial owner (the “Selling Shareholder”) of Registrable Securities
hereby elects to include the Registrable Securities owned by it in the Registration Statement.

The undersigned hereby provides the following information to the Company and represents and
warrants that such information is accurate:

QUESTIONNAIRE

	1.	 	Name.

	 	(a)	 	Full Legal Name of Selling Shareholder

	 	(b)	 	Full Legal Name of Registered Holder (if not the same as (a) above) through
which Registrable Securities are held:

	 	(c)	 	Full Legal Name of Natural Control Person (which means a natural person who
directly or indirectly alone or with others has power to vote or dispose of the
securities covered by this Questionnaire):

	2.	 	Address for Notices to Selling Shareholder:

	 
	Telephone:

	Fax:

	Contact Person:

	3.	 	Broker-Dealer Status:

	 	(a)	 	Are you a broker-dealer?

Yes No

	 	(b)	 	If “yes” to Section 3(a), did you receive your Registrable Securities as
compensation for investment banking services to the Company?

	 	 	 
	Note:
	 	Yes No

If “no” to Section 3(b), the Commission’s staff has indicated that you

should be identified as an underwriter in the Registration Statement.

	 	(c)	 	Are you an affiliate of a broker-dealer?

Yes No

	 	(d)	 	If you are an affiliate of a broker-dealer, do you certify that you purchased
the Registrable Securities in the ordinary course of business, and at the time of the
purchase of the Registrable Securities to be resold, you had no agreements or
understandings, directly or indirectly, with any person to distribute the Registrable
Securities?

	 	 	 
	Note:
	 	Yes No

If “no” to Section 3(d), the Commission’s staff has indicated that you

should be identified as an underwriter in the Registration Statement.

	4.	 	Beneficial Ownership of Securities of the Company Owned by the Selling Shareholder.

Except as set forth below in this Item 4, the undersigned is not the beneficial or
registered owner of any securities of the Company other than the Acquired Shares and
thePre-Closing Shares.

	 	(a)	 	Type and Amount of other securities beneficially owned by the Selling
Shareholder:

	5.	 	Relationships with the Company:

Except as set forth below, neither the undersigned nor any of its affiliates, officers,
directors or principal equity holders (owners of 5% of more of the equity securities of the
undersigned) has held any position or office or has had any other material relationship with
the Company (or its predecessors or affiliates) during the past three years.

	 	 	 	State any exceptions here: [NOTE: HOLDER MAY ADVANCE A COPY OF THE MOST RECENT D & O
QUESTIONNAIRE, IF APPLICABLE]

The undersigned agrees to promptly notify the Company of any inaccuracies or changes in the
information provided herein that may occur subsequent to the date hereof at any time while the
Registration Statement remains effective.

By signing below, the undersigned consents to the disclosure of the information contained
herein in its answers to Items 1 through 5 and the inclusion of such information in the
Registration Statement and the related prospectus and any amendments or supplements thereto. The
undersigned understands that such information will be relied upon by the Company in connection with
the preparation or amendment of the Registration Statement and the related prospectus.

IN WITNESS WHEREOF the undersigned, by authority duly given, has caused this Notice and
Questionnaire to be executed and delivered either in person or by its duly authorized agent.

	 	 	 	 	 
	Date:	 	Beneficial Owner:
	 	 	By:
	 	

	 	 	 	 	 

	 	 	 	 	Name:

	 	 	 	 	Title:

PLEASE FAX, E-MAIL, OR COURIER (BY OVERNIGHT COURIER SERVICE) A COPY OF THE COMPLETED AND EXECUTED
NOTICE AND QUESTIONNAIRE TO:

Richardson & Patel, LLP

10900 Wilshire Boulevard, Suite 500

Los Angeles, California 90024-6525

Attention: Ryan Hong, Esq.

Tel. No.: (310) 208-1182

Fax No.: (310) 208-1154

Email: rhong@richardsonpatel.com

 

2EX-10.1

Exhibit 10.1

AMENDED AND RESTATED

EMPLOYMENT AGREEMENT

THIS AMENDED AND RESTATED EMPLOYMENT AGREEMENT (the “Agreement”) is made and entered into as
of May 17, 2010, by and between Dollar Financial Group, Inc., a New York corporation (together with
its successors and assigns), which is a wholly owned subsidiary of Dollar Financial Corp.,
(collectively referred to herein as “Company”) and Randall Underwood (the “Executive”).

WHEREAS, the Company and the Executive are parties to a certain amended and restated
employment agreement, dated as of May 15, 2008; 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 and has no prior or other obligations or
commitments of any kind that would in any way prevent, restrict, hinder or interfere with the
Executive’s acceptance of continued employment or the performance of all duties and services
hereunder to the fullest extent of the Executive’s ability and knowledge. The Executive agrees to
indemnify and hold harmless the Company for any liability the Company may incur as the result of
the existence of any such covenants, obligations or commitments.

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 (if the Executive is employed by any
subsidiary of the Company under the terms of this Agreement, whether or not he is also employed by
the Company, any reference in this Agreement to the Executive’s employment by the Company shall be
deemed to include his employment by a subsidiary of the Company).

3. Duties and Functions.

(a) (1) The Executive shall be employed as Executive Vice President and Chief Financial
Officer of the Company and shall oversee, direct and manage all global finance, accounting,
planning and analysis, treasury, taxation, and Sarbanes-Oxley compliance; SEC and Board reporting;
corporate human resources and global executive compensation and benefits; corporate investor and
shareholder relations; and management of the Chief Credit Officer and consumer lending product
management of the Company. The Executive will report directly to the Chief Executive Officer of
Dollar Financial Corp.

(2) The Executive agrees to undertake the duties and responsibilities inherent in the position
of Executive Vice President and Chief Financial Officer, which may encompass different or
additional duties as may, from time to time, be assigned by the Chief Executive Officer (or senior
most position of the Company) or the Company’s Board of Directors (the “Board”), and the duties and
responsibilities undertaken by the Executive may be altered or modified from time to time by the
Chief Executive Officer (or senior most position of the Company) or the Board. The Executive
agrees to abide by the rules, regulations, instructions, personnel practices and policies of the
Company and any change thereof which may be adopted at any time by the Company.

(b) During the Employment Period, the Executive will devote his full 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 in any way. The Executive may engage in
philanthropic or other charitable activities as well as serve as an officer or board member for
business investments that do not conflict or compete with the Company’s business activities for
reasonable periods of time each month so long as such activities do not interfere with the
Executive’s responsibilities under this Employment Agreement.

4. Compensation.

(a) Base Salary. As compensation for his services hereunder, during the Executive’s
employment as Executive Vice President and Chief Financial Officer, the Company agrees to pay the
Executive a base salary at the rate of not less than Five Hundred and Five Thousand Dollars
($505,000) per annum (as adjusted, the “Base Salary”), payable in accordance with the Company’s
normal payroll schedule, or on such other periodic basis as may be mutually agreed upon. The
adjusted rate of Base Salary shall commence on the date of this Agreement. 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.

The Executive’s salary shall be subject to annual review, based on corporate policy and
contributions made by the Executive to the enterprise. To the extent approved by the Board,
increases will be deemed to take effect as of July 1 of each year (and shall be retroactive to that
date, as necessary under the circumstances in a given year).

(b) Annual Bonus. The Executive will be eligible to receive an annual cash bonus
award with a target bonus of 90% 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 2010
deemed to be no less than $505,000), but not to exceed 180% of the Executive’s Base Salary, with
such leverage curve and metrics determined by the Compensation Committee and as applicable to other
similarly situated senior executives of the Company. Said bonus is not guaranteed and is
contingent upon the Executive and the Company achieving business unit and corporate goals as set by
the Board or Compensation Committee. The annual bonus shall be confirmed by the Board or
Compensation Committee and, to the extent a bonus is awarded, it shall be paid 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.

(c) Long Term Incentive Compensation.

(i) The Company acknowledges that it has implemented the Long Term Incentive Plan (the “LTIP”)
involving annual equity and cash awards to key employees. Beginning with the Company’s fiscal year
ending June 30, 2011, and provided that the Executive remains eligible to participate in the LTIP,
pursuant to its terms, any award earned by the Executive under the LTIP shall consist of stock
options, restricted stock units and cash. The apportionment of any such award earned under the
LTIP shall be 20% non-qualified stock options, 40% restricted stock units and 40% cash. The terms
and conditions governing eligibility for, entitlement to, and receipt of any award under the LTIP
shall be governed by the LTIP and the applicable award agreements. Subject to any eligibility
requirements, the Executive shall be entitled to participate in all such LTIP programs at a level
commensurate with his position within the Company and with other comparable senior executives of
the Company.

(ii) To the extent the Company establishes any additional programs or plans in the future, the
Executive shall be eligible to receive annual equity awards in the Company based on such long term
incentive compensation programs or plans for key senior executive management, including but not
limited to programs or plans providing for awards of restricted stock, stock options, warrants,
phantom stock etc. in the Company as the Company may elect for the benefit of its employees at any
time during the Executive’s employment pursuant to this Agreement (subject to the terms and
conditions contained in any such programs or plans as are in effect from time to time). Nothing
herein shall be deemed to restrict or prohibit the Company from introducing, modifying or
terminating the LTIP or any other incentive plans as it sees fit, to the extent permitted by
applicable law. The terms and conditions governing eligibility for, entitlement to, and receipt of
any options or other form of equity in the Company shall be governed by the applicable long term
incentive compensation plan agreements. Subject to any eligibility requirements, the Executive
shall be entitled to participate in such incentive programs, other than the LTIP, at a level
commensurate with his position within the Company and with other comparable senior executives of
the Company.

(d) Deferred Compensation. The Executive shall be eligible to participate in the
Dollar Financial Corp. Deferred Compensation Plan, as in effect from time to time, to the same
extent as other comparable senior executives of the Company.

(e) Other Expenses. In addition to the compensation provided for above, 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.

(f) Vacation. The Executive shall be allowed four (4) 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.

(g) Car Lease/Allowance Agreement. During the term of his employment, the Executive
shall be entitled to a leased car provided to him at the Company’s expense, provided that the
monthly lease payment shall not exceed $2,000. The Company shall also cover reasonable upkeep,
repairs, insurance, mileage overages, fuel and maintenance for the leased car, up to an annual
amount as may be established from time to time by the Company. During his employment under this
Agreement, the Executive shall be entitled to a new car lease no less than every three years.
Alternatively, the Executive may elect to receive a car allowance of $2,000 per month and, in
addition, the Company shall also pay for reasonable upkeep, repairs, insurance, fuel and
maintenance for the respective car, up to an annual amount as may be established from time to time
by the Company.

(h) Fringe Benefits. In addition to his compensation provided by the foregoing, the
Executive shall be entitled to the benefits available generally to Company executives and employees
pursuant to Company programs, including, by way of illustration, personal leave, paid holidays,
sick leave, profit-sharing, 401(k) plan, deferred compensation plan, retirement, disability,
dental, vision, group sickness, accident, life or health insurance programs of the Company 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, 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. 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(e) and 4(g) and this Section 4(h) does not constitute a “deferral
of compensation” within the meaning of Section 409A of the Internal Revenue Code of 1986, as
amended from time to time, and its implementing regulations and guidance (“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.

(i) Retention Bonus.

(i) In recognition of the Executive’s prior and future service to the Company, the Executive
will be entitled to receive a bonus, to be paid at the rate of $150,000 per year, less applicable
tax withholding, payable in equal monthly installments during the Executive’s lifetime on the first
business day of each month (the “Retention Bonus”) and, upon the Executive’s death, if the
Executive has remained married to his spouse on the date of this Agreement through his date of
death, such spouse will thereafter be entitled to receive $75,000 per year, less applicable tax
withholding, payable in equal monthly installments for her lifetime on the first business day of
each month (the “Survivor Benefit”), if and when: (i) the Executive’s employment terminates for any
reason on or after June 30, 2011, in which case payments will commence in the month following the
effective date of the Separation from Service (as defined below); (ii) 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), in which case payments will commence in the month following
the expiration of the Severance Period (as defined below); or (iii) the Executive’s employment
terminates by reason of his death or Disability (as defined below), in which case Retention Bonus
payments or Survivor Benefit payments, as applicable, will commence in the month following the
effective date of such termination by reason of death or Disability.

(ii) In addition to the Retention Bonus and Survivor Benefit described in Section 4(i)(i)
above, the Executive will be entitled to receive a bonus, to be paid at the rate of $50,000 per
year, less applicable tax withholding, payable in equal monthly installments during the Executive’s
lifetime on the first business day of each month (the “Incremental Retention Bonus”) and, upon the
Executive’s death, if the Executive has remained married to his spouse on the date of this
Agreement through his date of death, such spouse will thereafter be entitled to receive $25,000 per
year, less applicable tax withholding, payable in equal monthly installments for her lifetime on
the first business day of each month (the “Incremental Survivor Benefit”), if and when: (i) the
Executive’s employment terminates for any reason on or after December 31, 2012, in which case
payments will commence in the month following the effective date of the Separation from Service;
(ii) the Executive’s employment is terminated by the Company without Cause or by the Executive’s
resignation with Good Reason, in which case payments will commence in the month following the
expiration of the Severance Period; or (iii) the Executive’s employment terminates by reason of his
death or Disability, in which case Incremental Retention Bonus payments or Incremental Survivor
Benefit payments, as applicable, will commence in the month following the effective date of such
termination by reason of death or Disability.

(iii) Notwithstanding the foregoing, if the Retention Bonus, Incremental Retention Bonus,
Survivor Benefit or Incremental Survivor Benefit has commenced prior to a change in control, any
unpaid Retention Bonus, Incremental Retention Bonus, Survivor Benefit or Incremental Survivor
Benefit shall be paid to the Executive or his surviving spouse, as applicable, in the form of an
actuarially equivalent lump sum within 60 days following such change in control, with the actual
payment date within that time period within the Company’s sole discretion. If the Retention Bonus,
Incremental Retention Bonus, Survivor Benefit or Incremental Survivor Benefit has not commenced as
of the date of a change in control, such benefits, as applicable, shall be paid in the form of an
actuarially equivalent lump sum within 60 days following the change in control, with the actual
payment date within that time period within the Company’s sole discretion. Actuarial equivalence
for purposes of the foregoing sentences will be determined in good faith by the Compensation
Committee using (i) 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 (ii) 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(i), “change in control” shall mean a
Change in Control as defined below in Section 5(h), provided that such Change in Control
constitutes a change in the ownership or effective control of Dollar Financial Corp. or Dollar
Financial Group, Inc. (or both), or a change in the ownership of a substantial portion of the
assets of Dollar Financial Corp. or Dollar Financial Group, Inc., in each case within the meaning
of Treas. Reg. § 1.409A-3(i)(5).

(iv) Notwithstanding anything herein to the contrary, (1) 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 prior to June 30, 2011), neither the
Executive nor his surviving spouse shall be entitled to any Retention Bonus or Survivor Benefit
under Section 4(i)(i), and (2) 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 prior to December 31, 2012), neither the Executive nor his surviving
spouse shall be entitled to any Incremental Retention Bonus or Incremental Survivor Benefit under
Section 4(i)(ii). Upon the consummation of any change in control, the Retention Bonus, Incremental
Retention Bonus, Survivor Benefit and Incremental Survivor Benefit, if any, shall become
non-forfeitable.

(v) If the payment of the Retention Bonus or Incremental Retention Bonus is subject to the
requirements of Treas. Reg. § 1.409A-3(i)(2) (or any successor provision), the portion of the
Retention Bonus and Incremental Retention Bonus (or the Survivor Benefit and Incremental Survivor
Benefit if the Executive dies after a Separation From Service) due to be paid to the Executive or
his surviving spouse prior to the earlier of the Executive’s death or the first business day of the
seventh calendar month following the month in which the Separation From Service occurs shall be
delayed and paid in a cash lump sum to the Executive or his surviving spouse, as the case may be,
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.

(j) Retiree Medical. In recognition of the Executive’s prior and future service to
the Company, the Executive and his spouse on the date of this Agreement (and as long the Executive
remains married to such spouse, or is married to such spouse on the date of his death) will be
entitled to retiree medical coverage under the Company’s retiree medical plan, as in effect from
time to time, if and when: (i) the Executive’s employment terminates for any reason on or after
June 30, 2011; (ii) 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), in which case
coverage will commence in the month following the expiration of the Severance Period (as defined
below); or (iii) the Executive’s employment terminates by reason of his death or Disability, in
which case coverage will commence in the month following the effective date of such termination by
reason of death, or the expiration of the Severance Period in the case of a termination by reason
of Disability. 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 prior to June 30, 2011), neither the
Executive nor his surviving spouse shall be entitled to any retiree medical coverage under this
Section 4(j); upon the consummation of any Change in Control, the right to receive retiree medical
coverage shall become non-forfeitable.

(k) Attached is Schedule X, which identifies a list of employment terms, conditions and
benefits unique to the Executive’s employment relationship with the Company which shall at least be
maintained, or improved for the benefit of the Employee, for the term of this Agreement.

5. Employment Period; Termination.

(a) Employment Period. The Employment Period shall commence on the date of this
Agreement and shall continue until terminated pursuant to Section 5 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(b) through Section 5(h) 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”).

(b) Termination By Executive Without Good Reason. Notwithstanding the provisions of
Section 5(a) 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 breach by the Executive of this
Agreement. 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 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(d), 4(e), 4(f), 4(g) and/or 4(h), 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(h) or Section 4(k), 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(i) (Retention Bonus), if any, Section 4(c) (LTIP
Awards), if any, or pursuant to any 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
in which he has participated while employed by the Company or any of its affiliates (the “Equity
Awards”), and (v) any right, payment or benefit due or that becomes payable under Section 5(i)
(Section 280G of the Code), Section 19 (Indemnification) or Section 20 (Attorneys’ Fees and
Expenses) (collectively “Accrued and Other Obligations”). In addition, any Equity Awards (defined
below) and options subject to LTIP awards which are 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.

(c) Termination By Company For Cause. 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. As used in this Agreement, the term
“Cause” shall include but not be limited to a termination for (i) a material breach of any promise
or obligation imposed under this Agreement, including, without limitation, a refusal to
substantially perform the Executive’s duties hereunder, except in the event that the Executive
becomes permanently disabled as set forth in Section 5(e); (ii) material acts of embezzlement or
misappropriation of funds, regardless of whether the embezzlement or misappropriation involves
funds or assets of the Company or a third party; (iii) serious dereliction of fiduciary obligation;
(iv) conviction of a felony, plea of guilty or nolo contendere to a felony charge or any criminal
act involving moral turpitude; (v) a willful unauthorized disclosure of confidential information
belonging to the Company, or entrusted to the Company by a client, customer, or other third party;
(vi) an intentional violation of any material Company rule, regulation or policy; (vii) any willful
act materially adverse to the interests of the Company or reasonably likely to result in material
harm to the Company or to bring the Company into disrepute; (vii) engaging in behavior that would
constitute grounds for liability for harassment (as proscribed by the U.S. Equal Employment
Opportunity Commission Guidelines or any other applicable state or local regulatory body) or other
egregious conduct that violates laws governing the workplace; provided, however, that “Cause” shall
not be found to exist absent a unanimous vote of the non-interested members of the Board of
Directors (for purposes of this Agreement, the term “non-interested members” shall be defined as
all of the members of the Board at the relevant time, excluding the Executive), with the Executive
being provided ten (10) days advance written notice of the meeting of the Board at which such a
vote is scheduled to be taken, and the Executive and, at his election, counsel for the Executive
being permitted to address the Board on the issue of any alleged “cause” for termination at such
meeting.

(d) Termination By Company Without Cause. Upon thirty (30) days written notice, the
Company shall retain the right to terminate the Executive without cause. If the Executive’s
employment is terminated by the Company without cause, the Executive shall be provided with the
following severance package, contingent upon the terms set forth below:

(i) The Executive shall continue to receive an amount equivalent to his base salary for a
period of twelve (12) months following the effective date of his Separation From Service (the
“Severance Period”), said amounts to be paid to the Executive bi-weekly;

(ii) The Executive shall receive a payment for his annual bonus (as contemplated under Section
4(b) of this Agreement), which shall be calculated by averaging the amount of the annual bonuses
received by the Executive for the prior two years, and shall be paid out in equal monthly
installments over the Severance Period;

(iii) During the Severance Period, the Company shall continue to contribute to the cost of the
Executive’s health insurance coverage by contributing an amount equal to the amount paid by the
Company towards the health insurance premiums of active Company employees towards the Executive’s
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;

(iv) During the Severance Period, the Company shall continue paying the premiums or will
reimburse the Executive for premiums paid for life and disability insurance and other benefit
programs that were in effect at the time of termination and shall continue to pay the Executive his
car lease/allowance payment, in each case, in no event later than the date set forth in Section
4(h);

(v) During the Severance Period, the Executive shall continue to receive the fringe benefits
described on and in accordance with Exhibit X to this Agreement, but only to the extent that such
benefits may be continued during the Severance Period in accordance with applicable law without any
material adverse tax or financial accounting or reporting consequences accruing to the Company,
with such payments and reimbursements being made no later than the date forth in Exhibit X;

(vi) With respect to any Equity Award (including but not limited to stock options, restricted
stock or similar equity interests awarded to the Executive, or equity awards granted to the
Executive in connection with any long-term incentive program, including the LTIP, in which he has
participated as an executive of the Company) (the “Equity Awards”)) in which the Executive has
vested as of the effective date of his termination, all such Equity Awards will remain exercisable
for a period beginning on the effective date of the Executive’s termination and ending on the
sooner of twelve (12) 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; and

(vii) The Accrued and Other Obligations.

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

The Executive shall not be entitled to any Severance Compensation unless (i) the Executive complies
with all surviving provisions of any non-competition agreement, non-solicitation agreement,
confidentiality agreement or invention assignment agreement signed by the Executive, and (ii) the
Executive executes and delivers to the Company after a notice of termination, and does not revoke,
a release in form and substance acceptable to the Company by which the Executive releases the
Company from any obligations and liabilities of any type whatsoever, including those arising out of
his employment, the termination of employment, or under this Agreement, except for the Company’s
obligations with respect to the Severance Compensation, which release shall not affect the
Executive’s right to indemnification, if any, for actions taken within the scope of his employment
including reimbursement for all costs and attorneys fees relating to litigation, judgments or
awards, related to the Executive’s performance of the duties and responsibilities of his position.
The parties hereto acknowledge that the Severance Compensation to be provided under this Section
5(d) is to be provided in consideration for the above-specified release.

The Severance Compensation described in this Section 5(d) is intended to supersede any other
severance payment provided by any Company policy, plan or practice. Therefore, to the extent that
the Executive receives Severance Compensation consistent with the terms of this Section, the
Executive shall be disqualified from receiving any severance payment under any other Company
severance policy, plan or practice.

(e) Termination for Executive’s Permanent Disability. To the extent permissible under
applicable law, in the event the Executive becomes permanently disabled during employment with the
Company, the Company may terminate this Agreement by giving thirty (30) days notice to the
Executive of its 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, this Agreement shall terminate at the end of the thirty (30)
day period. A termination due to the Executive’s Permanent Disability shall be treated for all
severance purposes as a Termination “Without Cause,” and the Executive shall be entitled to receive
all of the payments identified in Section 5(d) of this Agreement, provided that he complies with
the terms and conditions set forth in Section 5(d). “Permanently disabled” or “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 result in death or can be expected to last for a continuous period of not less than 12 months.

(f) Termination Due To Executive’s Death. In the event that the Executive dies during
the term of this Agreement, this Agreement shall terminate as of the date of the Executive’s death.
A termination due to the Executive’s death shall be treated for all severance purposes as a
Termination “Without Cause,” and the Executive’s estate shall entitled to receive all of the
Severance Compensation identified in Section 5(d), provided that it complies with any applicable
terms and conditions set forth in Section 5(d). The Executive’s estate shall also be entitled to
receive any Accrued and Other Obligations.

(g) 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 of his intent to terminate the Agreement, the
Executive shall have the right to terminate his employment under this Agreement for “Good Reason”
(as defined below). For purposes of this Agreement, “Good Reason” is defined as any one of the
following:

(i) any failure by Company to pay the compensation and benefits provided for in this Agreement
or any other material breach by Company of any provision of this Agreement, after written notice by
the Executive to cure such failure or breach, and failure by Company to cure, within a period of
fifteen (15) days following such written notice; or

(ii) any material adverse change in the Executive’s position (including status, offices,
titles and reporting requirements), authority, duties or responsibilities, or any other action by
the Company made without the Executive’s permission (other than a change due to the Executive’s
Permanent Disability or due to a need for accommodation), after written notice by the Executive to
cure such material adverse change and failure by Company to cure, within a period of fifteen (15)
days following such written notice, which results in:

	 	(1)	 	a diminution in any material respect in the
Executive’s position, authority, duties, responsibilities or
compensation, which diminution continues in time over at least thirty
(30) days, such that it constitutes an effective demotion; or

	 	(2)	 	relocation of the Executive’s regular work
address to a location more than thirty (30) miles from its location at
the commencement of the Employment Term without the Executive’s written
consent; or

(iii) failure on the part of the Company to include the Executive under any applicable
directors’ and officers’ insurance policy provided by the Company after written notice by the
Executive to secure such insurance coverage, and failure by Company to cure, within a period of
fifteen (15) days following such written notice.

If the Executive terminates his employment for Good Reason in connection with a Change in
Control (as defined in Section 5(h) of this Agreement), then the Executive shall, subject to the
conditions set forth herein, receive the compensation and benefits set forth in Section 5(h)
applicable to termination of the Executive’s employment in relation to a Change in Control. If the
Executive terminates his employment for Good Reason otherwise than in connection with a Change in
Control, then the Executive shall, subject to the conditions set forth in Section 5(d), receive the
compensation and benefits set forth in Section 5(d) applicable to termination of the Executive’s
employment by Company without Cause.

(h) Termination Without Cause in Connection with a “Change of Control.” In the event
that, within eighteen (18) months of a “Change of Control,” as defined below (with this time period
being referred to as the “Change of Control Period”), 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”, then, in lieu of the severance benefits provided for in Section 5(d) of this Agreement,
the Executive shall be entitled to certain enhanced severance benefits, contingent upon his
compliance with the terms and conditions serving as prerequisites to his eligibility for Severance
Compensation set forth in Section 5(d).  Under such circumstances, the Executive shall be entitled
to the following:

(i) Instead of twelve months of salary continuation, the Executive shall be entitled to
receive an additional six months of his base salary, so that the Executive shall be entitled to
receive a total of eighteen (18) months of salary continuation, which shall be payable over the
eighteen month period subsequent to the effective date of the Separation From Service (the
“Enhanced Severance Period”); and

(ii) The Executive shall receive a bonus payment (as contemplated under Section 4(b) of this
Agreement), which shall be calculated by averaging the amount of the annual bonuses received by the
Executive for the prior two years, and multiplying this average by 1.5, and this bonus amount shall
be payable in equal monthly installments over the Enhanced Severance Period; and

(iii) Any LTIP award that is not an Equity Award will become fully vested as of the day
immediately prior to the termination of the Executive’s employment with the Company, and with
respect to any Equity Award: (x) to the extent that the Executive has received or is eligible to
receive any such Equity Awards that are not otherwise fully exercisable and vested as of the
termination date, such Equity Awards will become fully vested as of the day immediately prior to
the termination of the Executive’s employment with the Company, and (y) all such Equity Awards will
thereafter become immediately exercisable for a period beginning on the effective date of the
Executive’s termination and ending on the sooner of twelve (12) 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; and

(iv) The Executive shall be eligible to receive the Severance Compensation set forth in
Section 5(d)(iii), (iv), (v) and (vii) above.

For purposes of this Section, “Change of Control” shall mean, and be deemed to have occurred upon:
(i)  a sale or transfer of substantially all of the assets of either Dollar Financial Corp. or
Dollar Financial Group, Inc. 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 Dollar Financial Corp. or Dollar Financial Group, Inc. 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 Dollar Financial Corp. 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 Dollar Financial Group, Inc. at the time
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 Dollar Financial Corp. (including all securities
or other interests in Dollar Financial Corp. having by their terms ordinary voting power to elect
members of the Board of Directors of Dollar Financial Corp. collectively “Voting Securities”)
except as a result of (y) any acquisition of the Dollar Financial Corp.’s Voting Securities by the
Company, or (z) any acquisition of Dollar Financial Corp’s Voting Securities directly from the
Company, as authorized by the Board; (v) any liquidation, dissolution or winding up of either
Dollar Financial Corp. or Dollar Financial Group, Inc.; (vi) any circumstance by which the persons
who constitute Dollar Financial Corp.’s Board of Directors as of the date hereof cease for any
reason to constitute a majority of the directors of Dollar Financial Corp., 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) Dollar Financial Corp. 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.

The enhanced Severance Compensation described in this Section 5(h) is intended to supersede 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.

(i) Section 280G of the Code.

(i) General. All amounts payable to the Executive by the Company whether under this
Agreement or any other agreement, program or arrangement with the Company (each, a “Payment”) will
be made without regard to whether the deductibility of such payments (considered together with any
other entitlements or payments otherwise paid or due to the Executive) would be limited or
precluded by Section 280G of the Internal Revenue Code of 1986, as amended (the “Code”) and without
regard to whether such payments would subject the Executive to the excise tax levied under Section
4999 of the Code; provided, however, that if the Total After-Tax Payments (as defined below) paid
to or on for the benefit of the Executive would be increased by the limitation or elimination of
one or more of such Payments, then the Board will reduce or, or if necessary, eliminate any or all
Payments to the extent necessary to maximize the Total After-Tax Payments.

(ii) Measurements and Adjustments. The determination of the amount of the payments
and benefits paid and payable to the Executive and whether and to what extent reduction or the
elimination of any amounts payable are required to be made will be made at the Company’s expense by
a qualified independent professional selected by the Company, which professional shall provide the
Executive and the Company with detailed supporting calculations with respect to its determination
within thirty (30) business days of the receipt of notice from the Executive or the Company that
the Executive has received or will receive a payment that is potentially subject to Section 280G of
the Code. Any determination by the professional shall be binding upon the Company and the
Executive.

(iii) Underpayment or Overpayment. In the event of any underpayment or overpayment to
the Executive, the amount of such underpayment or overpayment will be, as promptly as practicable,
paid by the Company to the Executive or refunded by the Executive to the Company, as the case may
be.

(iv) Definitions. For purposes of this Agreement, the term “Total After-Tax Payments”
means the total 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 hereunder or otherwise), after
reduction for all applicable federal taxes (including, without limitation, the tax described in
Section 4999 of the Code).

(j) Section 409A of the Code. 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 the 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 the 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 the Executive in a cash
lump-sum on the first business day of the seventh calendar month following the month in which the
Executive’s Separation From Service occurs. In addition, any 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 the Executive upon a Separation From
Service (as defined in Section 5(a) 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 the 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 the Executive following the
taxable year of the 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 the 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.

(k) 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
expiration of this Agreement or 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 or any other agreement executed by the
parties shall continue, notwithstanding the expiration or termination of the employment
relationship between the parties.

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 excerpts of any kind or in any format whatsoever.

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 directors of Company, 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 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 Company proposed to be conducted during the Executive’s 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;

(b) directly or indirectly cause or request a curtailment or cancellation of any significant
business relationship that 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 or;

(c) directly or indirectly induce or attempt to influence any employee of Company to terminate
his or her employment with Company.

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/her own behalf or on behalf of any third party, (i) target, recruit, solicit or induce, or
attempt to induce, any employees of the Company to terminate their employment with, or otherwise
cease their relationship with, the Company; 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 with which the
Executive was substantively involved during the course of his employment with the Company) of any
of the Company’s (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, as well as an award of attorneys’ fees and costs to cover the
expenses it incurs in seeking to enforce this provision.

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 and that
is generally understood in the industry as being confidential and/or proprietary, is the exclusive
property of the Company. 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 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 of
this Agreement or after its termination, 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 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 the Term of
his employment concerning the business of the Company and/or its clients, including any copies of
such materials, shall be the property of the Company and shall be delivered to the Company on the
termination of his employment, or at any other time upon request of the Company.

(a) Court-Ordered Disclosure. In the event that, at any time during his employment
with the Company or at any time thereafter, the Executive receives a request to disclose all or any
part of the trade secrets and other proprietary and confidential information under the terms of a
subpoena or order issued by a court or by a governmental body, the Executive agrees to notify the
Company immediately of the existence, terms, and circumstances surrounding such request, to consult
with the Company on the advisability of taking legally available steps to resist or narrow such
request; and, if disclosure of such trade secrets and other proprietary and confidential
information is required to prevent the Executive from being held in contempt or subject to other
penalty, to furnish only such portion of the trade secrets and other proprietary and confidential
information as, in the written opinion of counsel satisfactory to the Company, the Executive is
legally compelled to disclose, and to exercise the Executive’s best efforts to obtain an order or
other reliable assurance that confidential treatment will be accorded to the disclosed trade
secrets and other proprietary and confidential information.

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 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 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 than 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, including the right to recover
attorneys’ fees and costs to cover the expenses it incurs in seeking to enforce 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 date of this Agreement and regardless of any dispute that
may arise in the future, the Executive and the Company jointly and mutually agree that they will
not disparage, criticize or make statements which are negative, detrimental or injurious to the
other to any individual, company or client, including within the Company.

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 the
Company 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.

14. Entire Agreement. This Agreement, and any Schedules attached hereto, contain the entire
understanding of the Executive and the Company with respect to employment of the Executive and
supersedes any and all prior understandings, written or oral, including, without limitation, the
Amended and Restated Employment Agreement dated May 15, 2008 by and between the Company and the
Executive. This Agreement may not be amended, waived, discharged or terminated orally, but only by
an instrument in writing, specifically identified as an amendment to this Agreement, and signed by
all parties. By entering into this Agreement, the Executive certifies and acknowledges that he has
carefully read all of the provisions of this Agreement and that he voluntarily and knowingly enters
into said Agreement.

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.

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.
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.

18. Venue. All legal actions arising under this Agreement shall be instituted in, and both
the Executive and the Company consent to jurisdiction within, the Commonwealth of Pennsylvania,
without giving effect to the principles of conflicts of law thereof. The parties agree that any
legal proceeding, commenced by one party against the other, shall be brought in any state or
Federal court having proper jurisdiction, within the Commonwealth of Pennsylvania. Both parties
submit to such jurisdiction, and waive any objection to venue and/or claim of inconvenient forum.

19. Indemnification. In his capacity as a director, manager, officer, or employee of the
Company or serving or having served any other entity as a director, manager, officer, or executive
at the Company’s request, the Executive shall be indemnified and held harmless by the Company to
the fullest extent allowed by law, the Company’s charter and by-laws, from and against any and all
losses, claims, damages, liabilities, expenses (including legal fees and expenses), judgments,
fines, settlements and other amounts arising from any and all claims, demands, actions, suits or
proceedings, civil, criminal, administrative or investigative, in which the Executive may be
involved, or threatened to be involved, as a party or otherwise by reason of the Executive’s
status, which relate to or arise out of the Company, their assets, business or affairs, if in each
of the foregoing cases, (i) the Executive acted in good faith and in a manner the Executive
believed to be in, or not opposed to, the best interests of the Company, and, with respect to any
criminal proceeding, had no reasonable cause to believe the Executive’s conduct was unlawful, and
(ii) the Executive’s conduct did not constitute gross negligence or willful or wanton misconduct
(and the Company shall also advance expenses as incurred to the fullest extent permitted under
applicable law, provided the Executive provides an undertaking to repay advances if it is
ultimately determined that the Executive is not entitled to indemnification). The Company shall
advance all expenses incurred by the Executive in connection with the investigation, defense,
settlement or appeal of any civil or criminal action or proceeding referenced in this Section,
including but not necessarily limited to legal counsel, expert witnesses or other
litigation-related expenses. The Executive shall be entitled to coverage under the Company’s
directors and officers liability insurance policy in effect at any time in the future to no lesser
extent than any other officers or directors of the Company. After the Executive is no longer
employed by the Company, the Company shall keep in effect the provisions of this Section, which
provision shall not be amended except as required by applicable law or except to make changes
permitted by law that would enlarge the right of indemnification of the Executive. Notwithstanding
anything herein to the contrary, the provisions of this Section shall survive the termination of
this Agreement and the termination of the Period of Employment for any reason.

20. Attorneys’ Fees and Expenses. In the event of any litigation between the Executive and
the Company concerning this Agreement, the prevailing party shall be entitled to recover its costs
and expenses, including reasonable attorney’s fees.

21. No Mitigation. If an event triggering the Executive’s entitlement to Severance
Compensation occurs, the Executive need not seek other employment or attempt in any way to reduce
the amount of any payments or benefits to the Executive by the Company under this Agreement. The
amount of the Severance Compensation 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 reflected in Section 20(d) of 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. Miscellaneous.

(a) No delay or omission by the Company 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 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 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) The obligations of Company under this Agreement, including its obligation to pay the
compensation provided for in this Agreement, are contingent upon the Executive’s performance of the
Executive’s obligations under this Agreement.

(e) 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]

1

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 17th day of May, 2010.

DOLLAR FINANCIAL GROUP, INC.

/s/ Jeffrey A. Weiss     

Jeffrey A. Weiss, Chairman & CEO

DOLLAR FINANCIAL CORP.

/s/ Jeffrey A. Weiss       

Jeffrey A. Weiss, Chairman & CEO

/s/ Randall L. Underwood

Randall L. Underwood

2

Schedule X

In accordance with Section 4(k) of the Amended and Restated Employment Agreement, the following are
additional employment terms, conditions and benefits which, together with the remuneration detailed
in Sections 4(a) through 4(h) of the Employment Contract, collectively shall constitute
“Compensation” to the Executive:

1. Housing Allowance – The Company will continue the present practice of paying a housing
allowance of $3,000 a month. This amount shall be grossed up annually based on employee’s
effective tax rates.

2. Life and Disability Payments – The Company has agreed to pay the annual premiums for
Life and Long Term Disability coverage for the employee as long as the employee receives income
from Dollar Financial. This amount shall be grossed up annually based on the employee’s effective
tax rates.

Except to the extent any expense, reimbursement or in-kind benefit provided under this Schedule X
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 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.

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