Document:

Exhibit 10.3

 

SOURCE CODE ACCESS AGREEMENT

 

This Source Code Access Agreement (the “SCAA” or the “Agreement”) is entered into on July 31, 2009 (the “SCAA Effective Date”) between American Megatrends Inc., a Georgia corporation, having its principal place of business at 5555 Oakbrook Parkway, Suite 200, Norcross, Georgia 30093 (herein known as “AMI”) and congatec AG located at Auwiesenstr. 5, 94469 Deggendorf, Germany (herein known as “LICENSEE”).

 

WHEREAS, AMI owns and/or has originated or acquired licensing rights to certain computer software products and documentation; and

 

WHEREAS, LICENSEE is in the business of developing and marketing computer products and desires to obtain certain temporary rights from AMI with respect to the source code for its software;

 

WHEREAS, LICENSEE and AMI are to be parties to a separate Software Licensing Agreement (the “SLA”) with respect to the Licensed Materials (defined in Paragraph 1D below);

 

NOW, THEREFORE, in consideration of the mutual covenants and agreements contained herein, AMI and LICENSEE hereby agree as follows:

 

1.             DEFINITIONS

 

A.            “Authorized Products” means LICENSEE’s Computer Products.

 

B.            “AMI Technology” means the Licensed Materials (as defined below) and associated Source Code (as defined below) including, without limitation, any documentation, specifications and tools which may be provided to LICENSEE upon execution this SCAA.

 

C.            “Confidential Information” means information that may be provided during the term of this Agreement, as amended, which if disclosed (i) in tangible form, is clearly marked as “confidential” or “proprietary” at the time of disclosure, or (ii) in intangible form (such as orally or visually), the disclosing party identifies as “confidential” or “proprietary” at the time of disclosure.  The term Confidential Information shall automatically include the AMI’s Source Code, notwithstanding anything to the contrary herein or the manner of communication of the same to LICENSEE by AMI or any third party.

 

D.            “Derivative Matter” means any work which is based upon the AMI Technology and/or any Third Party Provided Technology (as defined below), such as a revision, modification, translation, abridgement, condensation, expansion, collection, compilation or any other form in which the Technology (as defined below) may be recast, transformed or adapted, any new material, information or data relating to and derived from the Technology, the preparation, use and/or

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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distribution of which, in the absence of this SCAA and/or SLA, as may be applicable, would constitute infringement under applicable law.

 

E.            “Licensed Materials” means the standard set of executable computer programs (including without limitation Object Code, Source Code, tools, etc.), documentation and other material, which is licensed to LICENSEE by AMI and identified in Exhibit C of this SCAA for Object Code and Source Code, respectively, (and Exhibit D, if subject to SOW as defined herein).  For purposes of the Agreement, Derivative Matter shall be collectively included in the term “Licensed Materials”.  Furthermore, deliverables provided to LICENSEE pursuant to any applicable statement of work (“Statement of Work” or “SOW) shall also be collectively included in the term “Licensed Materials.”  Any applicable SOW(s) shall be incorporated into this SCAA as Exhibit D.

 

F.             “LICENSEE’s Computer Product” means [***].  A list of Authorized Products current as of the SCAA Effective Date is included in Exhibit B.  Licensee may add Products by written notification to AMI and added to this SCAA by amendment pursuant to Section 12F herein.  Additional Authorized Product(s) may be subject to additional and separate, non-creditable fees.

 

G.            “Object Code” means a computer file which may contain any type of data, encoded in binary form for computer storage and processing purposes.  A binary file provided as part of the Licensed Materials (defined below) may comprise of a pre-compiled, pre-linked program that is ready to run under a given operating system with the understanding that a binary for one operating system with not necessarily run on a different operating system.”  Such Object Code provided to LICENSEE as part of Licensed Materials are listed in Exhibit C hereto.

 

H.            “Software” means any and all product (i) computer programs, whether in source code or object code, (ii) test plans, (iii) flow-charts used to design, plan, organize and develop any of the foregoing, (iv) user manuals, (v) design specifications.

 

I.             “Source Code” means the software code from which Object Code is compiled.  Source Code includes the commented software Source Code and design documentation for the relevant software, as well as other related materials, in both machine readable and hard-copy form, (e.g., including without limitation, relevant electronically readable source documentation, design documents, help materials, and any information or programs reasonably necessary to compile the Source Code into executable, fully-functioning Object Code.  Source Code provided to LICENSEE as part of Licensed Materials hereunder is listed on Exhibit C to this SCAA.

 

J.             “Technology” means collectively the AMI Technology, Derivative Matter, and Third Party Provided Technology.

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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K.            “Third Party Provided Technology” means the technology, if any, described or otherwise identified in Exhibit C (Licensed Materials) as the “Third Party Provided Technology” and which may be subject to separate licensing requirements and restrictions.  Third Party Provided Technology does not include any technology created from the AMI Technology nor any Derivative Matter.

 

L.            “Update” means a release of the Technology containing substantially only error corrections and bug fixes.  Updates as may be provided as maintenance set forth in Section 5 herein shall be at AMI’s discretion and delivered via CD-ROM or via secured access to source control servers.

 

M.           “Upgrade” means the unique functional and/or feature improvements made, to Licensed Materials to keep the current competitive in terms of new capabilities, features or pricing in the Licensed Materials’ respective market or as agreed between the parties in writing.  Upgrades are subject to additional non-creditable fees to be negotiated by the parties.

 

2.             GRANT OF USE AND ACCESS RIGHTS

 

A.            AMI grants to LICENSEE a limited, non-exclusive, non-transferable, non-assignable, right to use, modify, edit only those executable components of the AMI Technology to (1) develop Licensed Materials at the authorized LICENSEE development sites listed on Exhibit B (the “Authorized Site(s)”) provided that the same are customized solely for use with Authorized Products, identified on Exhibit B, and for no other purpose except as set forth herein and (2) provide maintenance support to existing end users of the Licensed Materials.  LICENSEE must inform those authorized under this Agreement that have access to the AMI Technology the LICENSEE restrictions and limited license provided hereunder. This Source Code Access Agreement is a grant of development rights only. Rights to distribute Technology are subject to and controlled by the Software License Agreement for the associated Licensed Materials.

 

B.            LICENSEE shall have no right to (i) transfer or sub-license the Technology or (ii) authorize other parties to reproduce or otherwise manufacture the Technology except as and to the extent permitted by AMI or pursuant to this Agreement provided such other parties are not deemed competitive to AMI.

 

C.            LICENSEE hereby grants to AMI and its successors and assigns a perpetual, exclusive, irrevocable, worldwide, royalty-free license to use all revisions, enhancements and updates to the AMI Technology developed by or for LICENSEE during the term of this Agreement or thereafter.  LICENSEE shall deliver such revisions, enhancements and updates to AMI within [***].

 

D.            LICENSEE agrees that for the term of this agreement [***]. LICENSEE agrees to exclusively use the AMI Technology [***].

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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E.            LICENSEE shall not attempt to reverse engineer, decompile, disassemble, or trace the execution of the Licensed Materials.

 

F.             LICENSEE shall not compile the Technology with any other in-house or third-party software, excluding Derivative Matter made solely by or for LICENSEE, and shall ensure that the AMI Technology is safe and protected at all times during the term of this said Agreement to eliminate IP contamination.

 

G.            Nothing contained in this Agreement shall be construed as conferring by implication, estoppel or otherwise upon either party hereunder, or upon any other party, any license or other right except the licenses and rights expressly granted hereunder to a party hereto.

 

H.            LICENSEE acknowledges that [***].

 

3.             SOFTWARE DELIVERABLES

 

A.            AMI shall deliver to LICENSEE one (1) copy of AMI Technology following receipt of an executed copy of this Agreement and payment of all fees and other charges due upon execution hereof.  The access granted hereby shall be strictly limited to the location(s) and designated individuals specified by Licensee in Exhibit B hereto unless otherwise agreed in writing by AMI.

 

B.            LICENSEE shall be responsible for installing the Technology and any updates obtained and ensuring their functionality and compatibility as set forth in the SLA.

 

4.             LICENSING FEES AND PAYMENTS

 

A.            In consideration of the rights granted herein, LICENSEE shall pay to AMI the fees set forth in Exhibit A.  The terms of this Agreement shall control over any conflicting or inconsistent terms and conditions appearing in any Purchase Order from Licensee to AMI, however, any fees in any other Agreement shall be in addition to and not exclusive of any fees in this Agreement.

 

B.            The fees set forth in Exhibit A are exclusive of any federal, state, municipal, or any other governmental taxes, excise or tariffs now or hereinafter imposed on the production, storage, transportation, import, export or use of the AMI Technology. Such charges and all similar charges for handling the AMI Technology shall be paid by LICENSEE.  If any exemption from taxes is routinely allowable, the LICENSEE shall provide AMI with an exemption certificate acceptable to AMI and the applicable authority.

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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5.             SOURCE CODE ACCESS RENEWAL/MAINTENANCE:

 

A.            Upon the expiration of the first year of this Agreement continued access to and use of the AMI Technology including maintenance as described herein, is subject to payment of the yearly renewal fees specified under this Agreement as listed in Exhibit A.  Annual maintenance shall consist of release of periodic Updates and AMI’s engineering work on “core” bugs only, and the investigation into those bugs.  A “core” bug is a bug or error that is present on the reference platform for the Licensed Materials rather than specific to LICENSEE’s platform, chipset revision or a bug caused by modifications created by LICENSEE.  AMI will provide a fix in as prompt a timeframe as possible for such “core” bugs in consideration of the annual source access and maintenance fee.  If AMI reasonably determines that the bug is specific to LICENSEE’s platform, chipset revision or a bug caused by modifications created by LICENSEE (e.g. non-”core” bugs) and both LICENSEE requests AMI to address such bugs, then LICENSEE will reimburse AMI for any investigation time and also will pay for non-recurring engineering (NRE) rates set forth in Exhibit A to fix such non-core bug.  Release of periodic Updates shall be at AMI’s sole discretion and may be delivered, depending on the AMI Technology provided as part of the Licensed Materials, to LICENSEE either in CD-ROM format or via secured access to a source control server.

 

B.            AMI will provide technical support via phone or email for the code provided by AMI during the hours of 9:00 a.m. to 6:00 p.m. Eastern Standard Time (EST), Monday through Friday excluding U.S. federal holidays, and will use commercially reasonable best efforts to resolve support issues within a reasonable time period.  All support calls made to AMI are chargeable to LICENSEE unless they are related to core bugs or core issues as described above subject to the annual maintenance and source access fee.  Chargeable calls will result in a minimum fee of $[***].

 

C.            LICENSEE will inform AMI promptly, and no later than it informs any third party, of any bugs identified in the Technology, and to the extent that LICENSEE elects to correct such bugs itself, LICENSEE will make such bug fixes promptly available to AMI free of all restrictions.

 

6.             ACCEPTANCE

 

LICENSEE shall have [***] from the date the AMI Technology is delivered to evaluate the software and verify that it boots on the specified reference platform as listed in Exhibit A.  In the event that the Licensed Materials does not properly run on the designated reference platform, LICENSEE will reject the deliverable and provide written notice to AMI describing any problems in order to allow AMI to identify and correct the documented problems.  In the absence of LICENSEE notifying AMI of rejection within the above-described [***] period, or in the event the deliverable is found to execute

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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properly on the reference platform when tested by AMI at its facility, LICENSEE will be deemed to have accepted the AMI Technology as delivered.

 

7.             DISCLAIMER

 

NOTWITHSTANDING ANYTHING IN THIS AGREEMENT TO THE CONTRARY, AMI DISCLAIMS ALL WARRANTIES, EITHER EXPRESS OR IMPLIED, REGARDING THE LICENSED SOFTWARE, ITS FUNCTIONALITY, ITS PERFORMANCE, ITS MERCHANTABILITY, THE VALIDITY AND/OR NON-INFRINGEMENT OF ITS INTELLECTUAL PROPERTY RIGHTS, AND ITS FITNESS FOR ANY PARTICULAR PURPOSE.  AMI DISCLAIMS ALL OTHER OBLIGATIONS OR LIABILITIES ON ITS PART AND NEITHER ASSUMES NOR AUTHORIZES ANY OTHER PERSON TO ASSUME FOR IT ANY OTHER LIABILITIES IN CONNECTION WITH THE PERFORMANCE OF THE LICENSED SOFTWARE.

 

8.             CONFIDENTIAL INFORMATION

 

A.            Each party acknowledges that the AMI Technology and all other Confidential Information disclosed to it by AMI are the exclusive property of AMI or its licensor(s), as applicable.

 

B.            LICENSEE acknowledges that the unauthorized use, disclosure, or distribution of Confidential Information would cause AMI, to suffer irreparable harm and damage.

 

C.            LICENSEE agrees to hold all Confidential Information in strictest confidence. Except as expressly permitted herein, LICENSEE agrees not to disclose Confidential Information, during the term of [***] after the date of this Agreement, for any reason, except to employees and consultants with a bona fide need to know, which employees and consultants shall be referred to herein as “Need to Know Individuals.”  LICENSEE represents that the Need to Know Individuals have been advised of the confidential nature of the material and are under an express obligation to maintain such confidentiality.  Except as expressly permitted herein, Confidential Information shall only be accessed, disclosed, or kept on the receiving party’s premises or that of its consultants provided AMI is given written notice of the name and address of the consultant and consents to access off site.  LICENSEE represents that it maintains a reasonable system to protect its own confidential business information, including enforceable written agreements with its employees, consultants, and suppliers, and that Confidential Information shall be protected by that system with the same high standard of care for AMI’s benefit.  AMI Source Code provided to LICENSEE as part of the Licensed Materials shall be deemed Confidential Information without any expiration on term.  LICENSEE acknowledges and agrees that AMI has entered

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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into this transaction in reliance that the representations contained herein are true and shall continue to be true as required by this Agreement.

 

D.            Any terms in this Paragraph 8 which are in addition to or more restrictive than the terms of any other confidentiality agreements, non-disclosure agreements and the like between the parties shall control in the event of conflict.

 

9.             OWNERSHIP AND PROPRIETARY NOTICES

 

A.            AMI retains title, ownership of, or otherwise rights to convey the AMI Technology except for Third Party Provided Technology incorporated therein and related documentation and all subsequent copies, regardless of the form or media in which the original and copies exist.

 

B.            LICENSEE may modify the Technology to produce Derivative Matter for research and development purposes during the term of this Agreement.  All right, title and interest, including copyright, to such Derivative Matter, both Executable Code and Source Code, shall be [***].  [***].  Any code that is written or developed by LICENSEE that incorporates or modifies no portion of the Technology, for example and without limitation, code providing a user interface between the LICENSEE’s computer system and the Technology and /or the Derivative Matter, shall be [***]. Notwithstanding anything to the contrary, [***].

 

C.            The use and access rights granted by this Agreement do not constitute a sale, lease, transfer or publication of the AMI Technology or of any copy thereof or any related documentation.

 

D.            All copyrights associated with the AMI Technology, related documents and all other rights thereto are reserved by AMI.  Nothing contained in this Agreement shall be construed as conferring any license or right with respect to any trademark, trade name, brand name, the corporate name of AMI, or any other name or mark or any contraction, abbreviation, or simulation thereof.  AMI retains the right to provide access to the AMI Technology and to license the Licensed Materials, and any revision or modification thereof, to any other recipients and/or licensees without restriction at any time during or after the term of this Agreement.

 

E.            LICENSEE shall not remove any copyright notices, labels, proprietary markings, trademarks, or confidential legends of AMI from any materials received from AMI.  Any such notices displayed to the user during the execution of the Licensed Materials and any such notices in the User’s Manual for Authorized Products may also bear the name of the LICENSEE but only in such a manner that there is no confusion regarding AMI’s ownership and rights to the AMI Technology, or any trademark or trade name of AMI.

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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F.             LICENSEE shall not use the Technology for creation or modification of any competing products including but not limited to internal or external solutions of a similar nature of that conveyed as part of the Licensed Materials.

 

10.          TERM AND TERMINATION

 

A.            The initial term (the “Initial Term”) of this Agreement begins on the SCAA Effective Date and continues for a period of five (5) years, unless terminated sooner for breach in accordance with Section 10B.  Notwithstanding the foregoing, LICENSEE will be obligated to make the annual source code access fee and maintenance fee payments, specified in Exhibit A in addition to any minimum royalty payments set forth in any Software Licensing Agreement that may subsequently or contemporaneously entered into between the parties for the balance of the term of this agreement unless AMI is in breach that is not otherwise induced by LICENSEE.  After the Initial Term, LICENSEE may automatically extend the term for subsequent and consecutive one year term(s) (each a “Renewal Term” provided that the Renewal Access Fee (as defined in Exhibit A) have continued access for AMI Technology provided that payment of the Renewal Access Fee is paid to AMI by LICENSEE no later than [***] prior to the expiration of the prior term.  In the event of early termination caused by LICENSEE, [***].

 

B.            This agreement shall not be cancelled or terminated except upon the following conditions:

 

i.              Upon [***] written notice, for material breach [***] under this Agreement and/or any other agreement between the parties, unless it is corrected within the said [***]; or

 

ii.             Immediately upon written notice if either party ceases conducting business in the normal course, institutes any proceedings for liquidation or winding up, becomes insolvent, makes a general assignment for the benefit of creditors, suffers or permits the appointment of a receiver for its business or assets, or avails itself of or becomes subject to any proceeding under the Federal Bankruptcy Act, or any other statute of any state relating to insolvency or the protection of rights of creditors; or

 

iii.            In the event the Software License Agreement for the Licensed Materials is terminated.

 

C.            Upon termination or expiration of this Agreement, LICENSEE’s right to use the AMI Technology is revoked and LICENSEE shall deliver to AMI within [***] thereafter one (1) copy of each version of the AMI Technology, and deliver within [***] thereafter written assurance from a duly authorized officer of LICENSEE that all copies of same and any other Confidential Information in

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

8

 

LICENSEE’s possession or that of its consultants have been (i) delivered to AMI or destroyed (ii) that no Confidential Information has or will be revealed except pursuant to this Agreement, and (iii) that all other covenants and requirements in this Agreement have been performed by LICENSEE. Notwithstanding the foregoing, LICENSEE end-users would be permitted continued use of any Authorized Products purchased prior to the termination under the terms of their agreement with Licensee provided they are not otherwise in breach of the terms of this Agreement or their agreement with LICENSEE.

 

D.            In the event of termination of this Agreement for any reason, absent a breach by AMI, then without exception LICENSEE shall be liable for [***].  [***].

 

E.            Continued use of and access to the AMI Technology after the expiration of the initial [***] term is contingent upon payment of the annual source access and maintenance fees.

 

11.          LIMITATION OF LIABILITY

 

Independently of any other remedy limitation hereof, and notwithstanding any failure of the essential purpose of any such limited remedy, it is agreed that in no event shall either party be liable for special, punitive, indirect, incidental, or consequential damages of any kind under this Agreement even if advised of the possibility of such damage. Notwithstanding anything in this Agreement to the contrary, in no event shall AMI’s liability or obligations to LICENSEE under this Agreement exceed [***].

 

12.          GENERAL

 

A.            Force Majeure.  A party is not liable under this Agreement for non-performance caused by events or conditions beyond that party’s control, if the party makes reasonable efforts to perform; provided, however, that if AMI fails to provide support for more than [***], Licensee may offset future amounts due against a pro-rata portion of any support fee.

 

B.            Severability.  In the event that any part of this Agreement is found to be unenforceable, the remainder shall continue in effect, to the extent permissible by law and consistent with the intent of the parties as of the Effective Date of this Agreement.

 

C.            Relationship of the Parties.  This Agreement does not create a partnership, franchise, joint venture, agency, or fiduciary or employment relationship.  Neither party may bind the other party by contract or otherwise to any obligation or act in a manner which expresses or implies a relationship other than that of independent contractor.

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

9

 

D.            Counterparts.  This Agreement may be executed in counterparts, each of which will be deemed an original, and all of which will constitute one agreement.

 

E.            Construction.  This Agreement has been negotiated by the parties and their respective counsel.  This Agreement will be interpreted without any strict construction in favor of or against either party.  The original of this Agreement has been written in English, and such version shall be the governing version of the Agreement.  To the extent permitted under applicable law, AMI waives any right it may have, if any, under any law or regulation to have this Agreement written in a language other than English.

 

F.             Amendment and Waiver.  Unless otherwise provided herein, this Agreement may not be modified unless in writing and signed by an authorized representative of each party.  Any express waiver or failure to exercise promptly any right under this Agreement will not create a continuing waiver or any expectation of non-enforcement.

 

G.            Assignment.  Neither party may assign or otherwise transfer any of its rights or obligations under this Agreement (whether by operation of law or otherwise), without the prior written consent of the other party.  Notwithstanding the foregoing, AMI may assign its rights hereunder to a successor-in-interest.

 

H.            Entire Agreement.  This Agreement, including all Attachments hereto, constitutes the parties’ entire agreement with respect to its subject matter, and supersedes and replaces all prior or contemporaneous understandings or agreements, written or oral, regarding such subject matter.

 

I.             Authority and Notices.  The individuals executing this Agreement represent that they each have requisite corporate authority to do so and that their execution of this Agreement is not subject to any further ratification or approval whatsoever. They also agree to receive notices at the addresses listed below which shall be deemed received four (4) days after being sent U.S. Certified Mail or one (1) day after being sent by overnight national courier (e.g. Federal Express).

 

American Megatrends, Inc:

S. Shankar

President & CEO

5555 Oakbrook Parkway, Suite 200

Norcross, Georgia  30093

 

Licensee: congatec AG

Gerhard Edi

CEO

Auwiesenstr. 5, 94469

Deggendorf, Germany

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

10

 

J.             Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of Georgia, excluding that part of Georgia law that governs conflict of laws.  The rights and obligations of each party to this Agreement shall not be governed by the provisions of the U.N. Convention on Contracts for the International Sale of Goods.  Any action arising out of any dispute between the parties to this Agreement with respect to any of the transactions contemplated by this Agreement shall be brought in either the Superior Court of Gwinnett County or in the United States District Court for the Northern District of Georgia.  Each of the parties hereto hereby submits itself to the jurisdiction and venue of said courts for purposes of any such action.  Each of the parties hereto waives any requirement for personal service and agrees that service upon themselves in such action or proceeding may be made by first class mail, certified or registered, to their last address appearing on the records of the other party.

 

K.            Export Regulations.  LICENSEE agrees that it will conform to the Export Administration Regulations issued by the United States Department of Commerce Bureau of Industry and Security currently in force and as they may be amended (15 C.F.R. Chapter VII).  LICENSEE understands and agrees that such regulations may include a prohibition against the export or re-export to certain countries of copies of the Licensed Materials, documentation and any information or technical data related thereto.  Any agreement between LICENSEE and any of its customers relating to the Licensed Materials or the AMI Sources, if permitted by AMI, shall require its customers to abide by the Export Administration Regulations and to provide assurances to that effect to AMI upon AMI’s request.

 

L.            No Waiver.  No failure or delay on the part of either party in the exercise of any power, right, or privilege hereunder shall operate as a waiver thereof, nor shall any single or partial exercise of any such power, right, or privilege preclude any other or further exercise thereof, or of any other right, power, or privilege.

 

M.           Captions.  Paragraph titles or captions contained herein are inserted only as a matter of convenience and for reference, and in no way define, limit, extend, or otherwise describe the scope of this Agreement nor the intent of any provision thereof.

 

N.            Nonassert.  [***].  [***].

 

O.            Non-solicit.  [***].

 

P.             Equitable Relief.  If LICENSEE breaches any of its obligations under this Agreement, AMI shall (without limiting its other rights or remedies) be entitled to equitable relief including but not limited to injunctive relief, since the unauthorized use, disclosure, distribution, or transfer of the Licensed Materials or

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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confidential information will cause AMI irreparable harm and LICENSEE stipulates that AMI’s remedy at law would not be adequate.

 

Q.            Survival.  Sections 1, 2E, 2F, 2G, 2H 4, 7, 8, 9, 10C, 10D, 11 and 12 shall survive termination of this Agreement.

 

13.          EFFECTIVE DATE

 

The “SCAA Effective Date” of this Agreement is set forth on the first page of this Agreement.

 

14.          EXHIBITS AND ATTACHMENTS

 

Exhibits A, B, and C (and also Exhibit D if there is an applicable SOW) are attached hereto and made a part hereof.

 

IN WITNESS WHEREOF the signatories below represent themselves as duly authorized representatives of each party with corporate authority to bind their respective parties hereto and have executed this Agreement and intend it to be effective as of the SCAA Effective Date.

 

	
AMERICAN   MEGATRENDS, INC.
    	
LICENSEE:   congatec AG
    
	
 
    	
 
    
	
Signature: 
    	
/s/   S. Shankar
    	
 
    	
Signature: 
    	
/s/   Gerhard Edi
    
	
 
    	
 
    
	
Print Name: S. Shankar
    	
Print Name: Gerhard Edi
    
	
 
    	
 
    
	
Title: President
    	
Title: Chief Executive   Officer
    
	
 
    	
 
    
	
Date: November 13,   2009
    	
Date: August 3,   2009
    
					

 

[***]      Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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EXHIBIT A

 

SOURCE ACCESS/MAINTENANCE FEES AND PAYMENT TERMS

 

SOURCE CODE ACCESS FEES —

 

	
Special Offer
    	
 
    	
Standard
   Fee
    	
 
    	
Discount
    	
 
    	
Discounted Fee for
   LICENSEE
    	
 
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
TOTAL
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
One time discount
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
US$
    	
[***
    	
]
    
	
Grand total
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
 
    	
US$
    	
[***
    	
]
    

 

Aptio Tools

 

	
[***]
    	
 
    	
[***
    	
]
    
	
[***]
    	
 
    	
[***
    	
]
    

 

ANNUAL SOURCE ACCESS AND/OR MAINTENANCE RENEWAL FEES

 

The source code access renewal and Maintenance Fee is a [***] charge of [***].  [***].  [***].

 

This fee will be [***] invoiced [***].  To cancel [***], the customer must notify AMI within [***].

 

PAYMENT TERMS

 

Payment is [***].  Payment is due and payable within [***] from the date of invoice.

 

[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

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Additional Tools & Components (Optional)

 

	
 
    	
 
    	
Standard Fee
    	
 
    	
Discount
    	
 
    	
Discounted
   Fee
    	
 
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    
	
[***]
    	
 
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    	
US$
    	
[***
    	
]
    

 

ADDITIONAL SUPPORT SERVICES (OPTIONAL):

 

Additional Support Services:

 

Support:

 

	
[***]:
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
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Engineering Rate:

 

[***].

 

	
Engineering Rates (per engineer, per day)
    	
 
    	
At AMI
    	
 
    	
On-Site
    	
 
    
	
[***]
    	
 
    	
$
    	
[***
    	
]
    	
$
    	
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Aptio Source Code Training:

 

It is strongly recommended that all customers licensing source code take basic training from AMI prior to usage.  The training will increase familiarity with the AMI code base and show how it is structured and manipulated.  This will lead to reduced time and cost spent on support questions and errors in coding.  AMI will train the LICENSEE engineers on the AMI code base following the standard training fee structure below:

 

$[***] at the AMI-Atlanta Location

$[***] at the LICENSEE Location

 

[***].

 

[***]:

 

[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

14

 

[***].

 

AMI Utilities annual fee:

 

	
AMI Utilities
    	
 
    	
Cost
    	
 
    
	
Flash Utilities   for DOS
    	
 
    	
[***
    	
]
    
	
Flash Utilities   for Windows
    	
 
    	
[***
    	
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Flash Utilities   for EFI
    	
 
    	
[***
    	
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Flash Utilities   for Linux
    	
 
    	
$
    	
[***
    	
]
    
	
DMI Edit Utility   for DOS
    	
 
    	
$
    	
[***
    	
]
    
	
DMI Edit Utility   for Windows
    	
 
    	
$
    	
[***
    	
]
    
	
Aptio Configuration   Program (AMIBCP utility)
    	
 
    	
$
    	
[***
    	
]
    
	
AMI Change OEM   Logo Utility (Change Logo)
    	
 
    	
$
    	
[***
    	
]
    
	
AMI MMTools
    	
 
    	
$
    	
[***
    	
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Total
    	
 
    	
$
    	
[***
    	
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Package cost (if all above utilities are,   purchased)
    	
 
    	
$
    	
[***
    	
]
    

 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

 

[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

15

 

EXHIBIT B

 

LICENSEE COMPUTER PRODUCTS (AUTHORIZED PRODUCTS)

 

[***]

 

AUTHORIZED LICENSEE DEVELOPMENT/ACCESS SITES

 

[***]

 

[***]

[***]

 

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

 

[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

16

 

EXHIBIT C: LICENSED MATERIALS

 

CRB (Customer Reference Board) Name

 

RED Fort

 

“AMI BINARIES” — CONFIDENTIAL

 

	
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“AMI SOURCES” — CONFIDENTIAL

 

	
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[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

17

 

	
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[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

18

 

EXHIBIT D

 

STATEMENT OF WORK
 (If applicable)

 

[***]                   Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission.  Confidential treatment has been requested with respect to the omitted portions.

 

19Exhibit 10.1

 

Deal CUSIP 74734DAA7

Revolving Credit Facility CUSIP 74734DAC3

 

FIRST AMENDMENT AGREEMENT

 

among

 

QC HOLDINGS, INC., as Borrower

 

and

 

THE LENDERS THAT ARE PARTIES HERETO

 

and

 

U.S. BANK NATIONAL ASSOCIATION, as Agent and Arranger

 

OCTOBER 30, 2015

 

 

 

 

     

     

    

FIRST AMENDMENT
AGREEMENT

This First Amendment Agreement (this "Agreement"),
is made and entered into as of October 30, 2015, by and between QC HOLDINGS, INC., a Kansas corporation (the "Borrower"),
the Lenders that are parties hereto (being hereinafter referred to individually as a "Lender" or collectively as the
"Lenders"), and U. S. BANK NATIONAL ASSOCIATION, in its capacity as Agent (the "Agent").

 

RECITALS

A.               
On July 23, 2014, the Borrower, the Lenders and the Agent entered into a Third Amended and Restated Credit Agreement (the "Credit
Agreement") pursuant to which the Lenders agreed to make certain revolving and term credit facilities available to the Borrower,
and in conjunction therewith, the Borrower executed (i) a Promissory Note (Revolving Loan) dated July 23, 2014, payable to each
Revolving Lender, (ii) a Promissory Note (Swingline Loan) dated July 23, 2014, payable to the Swingline Lender and (iii) a Promissory
Note (Term Loan) dated September 30, 2011, payable to each of the then Term Loan Lenders. The Revolving Loan Notes and the Swingline
Note referenced in this Section A are collectively referred to herein as the "Notes".

B.                
The repayment of the Notes is secured by certain assets of the Borrower and its Subsidiaries referred to as the "Collateral"
in the Credit Agreement, which is more particularly described in the Security Agreement, the Pledge Agreement, the Canadian Pledge
Agreement, the Negative Pledge Agreement and the Subsidiary Security Agreement (as each term is defined in the Credit Agreement)
(collectively, the "Security Instruments").

C.                
The Borrower acknowledges (i) the Lenders are presently the holders of the Notes, (ii) the Borrower's liability to pay the Notes
according to their terms, and (iii) the Borrower's obligation to maintain, perform and comply with the terms and conditions of
the Loan Documents (as such term is defined in the Credit Agreement).

D.               
The parties enter into this Agreement to amend certain terms and conditions of the Credit Agreement.

E.                
Capitalized terms which are not defined herein shall have the meaning such terms are given in the Credit Agreement.

NOW THEREFORE, the Agent, the Lenders and the
Borrower for good, sufficient and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, agree as
follows:

    	2

     

    

1.Amendments to the Credit Agreement.
The Credit Agreement is amended as follows:

(a)The definitions of the terms "Applicable
Margin" and "Applicable Non-Use Fee Percentage" are deleted and the following definitions are inserted in lieu thereof:

"Applicable Margin"
means (i) with respect to Base Rate Loans, 2.00% per annum and (ii) with respect to Libor Rate Loans, 4.00% per annum.

"Applicable Non-Use Fee Percentage"
means 0.500% per annum.

(b)The definition of the term "Capital
Expenditures" contained in Section 1.01 is deleted and the following definition is inserted in lieu thereof:

"Capital Expenditures"
means fifty percent (50%) of depreciation expense as reported in the Borrower's financial statements.

(c)The definition of the term "Daily
Floating LIBOR Rate" contained in Section 1.01 is deleted and the following definition is inserted in lieu thereof:

"Daily Floating LIBOR Rate"
means the greater of (i) zero percent (0.00%) or (ii) the one-month LIBOR rate quoted by the Agent from Reuters Screen LIBOR01
Page or any successor thereto, which shall be that one-month LIBOR rate in effect and reset each Business Day, adjusted for any
reserve requirement and any subsequent costs arising from a change in government regulation.

(d)The definition of the term "LIBOR
Rate" contained in Section 1.01 is deleted and the following definition is inserted in lieu thereof:

"LIBOR Rate" means,
with respect to a LIBOR Rate Loan for the relevant Loan Period, the greater of (i) zero percent (0.00%) or (ii) the applicable
interest settlement rate for deposits in Dollar LIBOR appearing on the applicable Reuters Screen LIBOR01 (or on any successor
or substitute page on such screen) as of 11:00 a.m. (London time) on the Quotation Date for such Loan Period, and having a maturity
equal to such Loan Period, provided that, if the applicable Reuters Screen LIBOR01 for Dollar LIBOR (or any successor or
substitute page) is not available to the Agent for any reason, the applicable LIBOR Rate for the relevant Loan Period shall instead
be the applicable interest settlement rate for deposits in Dollar LIBOR as reported by any other generally recognized financial
information service selected by the Agent as of 11:00 a.m. (London time) on the Quotation Date for such Loan Period, and having
a maturity equal to such Loan Period, provided that, if no such interest settlement rate is available to the Agent, the
applicable LIBOR Rate for the relevant Loan Period shall instead be the rate determined by the Agent to be the rate at which U.S.
Bank or one of its Affiliate banks offers to place deposits in Dollars with first-class banks in the interbank market at approximately
11:00 a.m. (London time) two (2) Business Days prior to the first day of such Loan Period, in the approximate amount of U.S. Bank’s
relevant LIBOR Rate Loan and having a maturity equal to such Loan Period.

    	3

     

    

(e)The definition of the term "Operating
Cash Flow" contained in Section 1.01 is deleted and the following definition is inserted in lieu thereof:

"Operating Cash Flow"
means, for the determination period, the sum of (i) Consolidated EBITDA, plus (ii) Operating Lease Expense, minus (iii) Capital
Expenditures, minus (iv) the aggregate amount of all federal, state, local and/or foreign income taxes paid in cash by Borrower
and its Subsidiaries, all as determined on a Consolidated basis in accordance with GAAP. For purposes of the foregoing, Capital
Expenditures for any Fiscal Year that are funded with the proceeds of Permitted Subordinated Debt, other than the 2011 Subordinated
Debt, will be excluded from the determination of Capital Expenditures above; provided, at no time shall Capital Expenditures as
a result of such exclusions be less than zero.

(f)The definition of the term "Permitted
Acquisition" contained in Section 1.01 is deleted and the following definition is inserted in lieu thereof:

"Permitted Acquisition"
means an Acquisition consented to in advance in writing by the Required Lenders.

(g)The following defined terms are added
to Section 1.01:

“OFAC” means the U.S. Department
of the Treasury’s Office of Foreign Assets Control, and any successor thereto.

“PATRIOT Act” means USA
PATRIOT Act (Title III of Pub. L. 107-56 (signed into law October 26, 2001)), as amended from time to time, and any successor statute.

 

“Sanctioned Country”
means a country subject to a sanctions program identified on the list maintained by OFAC and available at http://www.treas.gov/offices/enforcement/ofac/sanctions/index.html,
or as otherwise published from time to time.

 

“Sanctioned Person”
means (i) a Person named on the list of Specially Designated Nationals or Blocked Persons maintained by OFAC available at
http://www.treas.gov/offices/enforcement/ofac/sdn/index.html, or as otherwise published from time to time, or (ii) (A) an
agency of the government of a Sanctioned Country, (B) an organization controlled by a Sanctioned Country, or (C) a Person
resident in a Sanctioned Country, to the extent subject to a sanctions program administered by OFAC.

(h)The definition of the term "Total
Leverage Ratio" contained in Section 1.01 is deleted.

    	4

     

    

(i)The reference to "Capital Expenditures"
in the first sentence of Section 2.01(d) is deleted and a reference to "capital expenditures" is inserted in lieu thereof.

(j)Section 6.19 is added as follows:

6.19OFAC; Anti-Terrorism Laws.

(a)Neither the Borrower nor any Subsidiary
(i) is a Sanctioned Person, (ii) has assets in Sanctioned Countries, or (iii) derives any operating income from
investments in, or transactions with, Sanctioned Persons or Sanctioned Countries. No part of the proceeds of any Loan hereunder
will be used directly or indirectly to fund any operations in, finance any investments or activities in or make any payments to,
a Sanctioned Person or a Sanctioned Country.

(b)Neither the making of the Loans
hereunder nor the use of the proceeds thereof will violate the PATRIOT Act, the Trading with the Enemy Act, as amended, or any
of the foreign assets control regulations of the United States Treasury Department (31 C.F.R., Subtitle B, Chapter V,
as amended) or any enabling legislation or executive order relating thereto or successor statute thereto. The Borrower and its
Subsidiaries are in compliance in all material respects with the PATRIOT Act.

(k)Section 7.01(i) is added as follows:

(i)OFAC, PATRIOT Act Compliance
. The Borrower shall, and shall cause each Subsidiary to, (i) refrain from doing business in a Sanctioned Country or with
a Sanctioned Person in violation of the economic sanctions of the United States administered by OFAC, and (ii) provide, to
the extent commercially reasonable, such information and take such actions as are reasonably requested by the Agent or any Lender
in order to assist the Agent and the Lenders in maintaining compliance with the PATRIOT Act.

(l)The provision contained in Section
7.02(b) is deleted and the following provision is inserted in lieu thereof:

(b)Fixed Charge Coverage Ratio.
Permit or suffer the Fixed Charge Coverage Ratio, determined for the Borrower and its Subsidiaries on a Consolidated basis as of
the end of each fiscal quarter of the Borrower commencing with the fiscal quarter ending September 30, 2015, to be less than 1.15
to 1.00.

 

(m)The provision contained in Section 7.02(c)
is deleted and the following provision is inserted in lieu thereof:

 

(c)Senior Leverage Ratio. Permit
or suffer the Senior Leverage Ratio, determined for the Borrower and its Subsidiaries on a Consolidated basis as of the end of
each fiscal quarter of the Borrower after the Closing Date (for the twelve (12) month period then ending), to exceed (i) 1.50 to
1.00 for the fiscal quarter ending September 30, 2015, (ii) 2.00 to 1.00 for the fiscal quarter ending December 31, 2015 and (iii)
1.50 to 1.00 for each fiscal quarter ending thereafter.

 

    	5

     

    

(n)The provision contained in Section 7.02(k)
is deleted and the following provision is inserted in lieu thereof:

 

(k)Restricted Payments. Make or
commit to make (i) any Distribution, or (ii) the redemption, repurchase, retirement or other acquisition of (or the setting a part
of any sum in respect of any of the foregoing actions) shares of capital stock of the Borrower or warrants, rights or options to
purchase or acquire shares of any capital stock of the Borrower (other than an exchange of capital stock of the Borrower for other
shares of capital stock of the Borrower).

 

(o)Exhibit G to the Credit Agreement is deleted
and Exhibit G attached hereto is inserted in lieu thereof.

 

(p)Schedule 2.01 is deleted and Schedule 2.01
to this Agreement is inserted in lieu thereof.

3.Conditions Precedent. It shall
be a condition precedent to the effectiveness of this Agreement that (i) all amounts due and payable under the Notes as of the
execution date shall have been paid, (ii) no Event of Default shall exist under the Notes, the Credit Agreement, or any other Loan
Document, (iii) the Agent shall have received the consent of each Lender to the extent such consent is required pursuant to the
Credit Agreement, (iv) the Borrower shall have paid an amendment fee to the Agent for the benefit of the Lenders as required by
a separate fee letter dated October 30, 2015 between the Borrower and the Agent, and (v) the Agent and the Lenders shall have received
such other items as they may reasonably request.

4.Representations and Warranties.
The Borrower hereby represents and warrants that (i) it has the authority to enter into this Agreement and, upon execution by the
Borrower, this Agreement shall be an enforceable obligation of the Borrower, (ii) all representations and warranties made by the
Borrower in the Credit Agreement and the other Loan Documents are true and correct as of the date of this Agreement, (iii) there
have been no amendments or modifications to the Borrower's organizational documents since such documents were certified and/or
delivered to the Lender in connection with the closing of the Loan, and (iv) no Default or Event of Default currently exists under
the Loan Documents.

5.No Other Amendments. Except as
expressly set forth herein, or necessary to incorporate the modifications and amendments herein, all the terms and conditions of
the Notes, the Credit Agreement, the Security Instruments, and the other Loan Documents shall remain unmodified and in full force
and effect, and the Borrower confirms, reaffirms and ratifies all such documents and agrees to perform and comply with the terms
and the conditions of the Loan Documents, as amended herein.

6.No Impairment. Nothing in this
Agreement shall be deemed to or shall in any manner prejudice or impair the Loan Documents, or any security granted or held by
the Lenders for the indebtedness evidenced by the Notes.

    	6

     

    

7.Binding Agreement. This Agreement
shall be binding upon and inure to the benefit of the parties hereto and their respective successors and assigns.

8.Applicable Law. This Agreement
shall be governed by and construed in accordance with the internal laws of the State of Kansas.

9.Waiver of Claims and Defenses.
The Borrower hereby waives and releases any and all claims, defenses or rights of set-off, known or unknown, against the Agent
or any Lender existing as of the execution date of this Agreement, which in any manner arise out of or relate to any Loan Document.

10.Fees and Expenses. The Borrower
agrees to pay and reimburse the Agent for all of its out-of-pocket costs and expenses incurred in connection with the preparation,
negotiation, execution, filing, enforcement and administration of this Agreement including, without limitation, the fees and expenses
of counsel to the Agent.

11.Counterparts. This Agreement may
be executed in counterparts and when combined all such counterparts shall constitute one agreement.

12.Waiver of Jury Trial. Any controversy
or claim between or among the parties hereto arising out of or relating to this Agreement shall be controlled by the provisions
with respect to waiver of trial by jury contained in the Loan Documents previously delivered by such parties.

13.NO ORAL AGREEMENTS. THIS IS THE
FINAL EXPRESSION OF THE CREDIT AGREEMENT BETWEEN THE BORROWER, THE AGENT AND THE LENDERS AND SUCH WRITTEN CREDIT AGREEMENT MAY
NOT BE CONTRADICTED BY EVIDENCE OF ANY PRIOR ORAL AGREEMENT OR OF A CONTEMPORANEOUS ORAL CREDIT AGREEMENT BETWEEN THE BORROWER,
THE AGENT AND LENDERS.

 

ANY ADDITIONAL NON-STANDARD TERMS OF THE CREDIT
AGREEMENT AND THE REDUCTION TO WRITING OF ANY PREVIOUS ORAL CREDIT AGREEMENT BETWEEN THE BORROWER, THE AGENT AND LENDERS IS SET
FORTH IN THE SPACE BELOW:

 

NONE

BORROWER, THE AGENT AND LENDERS AFFIRM
THAT NO UNWRITTEN ORAL CREDIT AGREEMENT BETWEEN THEM EXISTS.

 

 

    	7

     

    

 

	Please initial	 	 	 	 	 	 
	 	Borrower	 	Agent	 	U.S. Bank	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	BOKF	 	Enterprise	 	 	 
	 	 	 	 	 	 	 
	 	 	 	 	 	 	 
	 	Pulaski	 	United	 	 	 

 

 

 

 

[SIGNATURES APPEAR ON FOLLOWING PAGES]

 

    	8

     

    

IN WITNESS WHEREOF, the Agent, the Borrower and the Lenders have
executed this Agreement as of the day and year first above written.

 

	 	AGENT:
	 	 
	 	U.S. BANK NATIONAL ASSOCIATION
	 	 
	 	 
	 	By:	 	 
	 	 	Colleen S. Hayes	 
	 	 	Vice President	 
	 	 

 

 

    	9

     

    

IN WITNESS WHEREOF, the Agent, the Borrower and
the Lenders have executed this Agreement as of the day and year first above written.

 

	 	BORROWER:
	 	 
	 	QC HOLDINGS, INC.,
	 	a Kansas corporation
	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 	 	Douglas E. Nickerson	 
	 	 	Chief Financial Officer	 
	 	 

 

 

    	10

     

    

IN WITNESS WHEREOF, the Agent, the Borrower and
the Lenders have executed this Agreement as of the day and year first above written.

 

	 	LENDERS:
	 	 
	 	U. S. BANK NATIONAL ASSOCIATION
	 	 
	 	By:	/s/ Colleen S. Hayes	 
	 	 	Colleen S. Hayes	 
	 	 	Vice President	 
	 	 	 	 
	 	 	 	 
	 	BOKF, N.A. d/b/a BANK OF KANSAS CITY
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	 	 	 
	 	ENTERPRISE BANK & TRUST
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	 	 	 
	 	PULASKI BANK
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 	 	 
	 	 	 	 
	 	UNITED COMMUNITY BANK
	 	 	 	 
	 	By:	 	 
	 	Name:	 	 
	 	Title:	 	 
	 	 

 

 

 

    	11

     

    

ACKNOWLEDGMENT AND AGREEMENT OF GUARANTORS/PLEDGORS

 

Each of the undersigned guarantors and/or pledgors
of collateral with respect to the obligations of the Borrower to the Agent and the Lenders hereby (i) acknowledge and consent to
the terms of the foregoing First Amendment Agreement, (ii) represents and warrants to the Agent and the Lenders that there exists
no default or event of default under any document delivered by it to the Agent or the Lenders with respect to the Loans and (iii)
reaffirms and ratifies the full force and effect of any guaranty agreement, security instrument or pledge agreement delivered by
it in connection with the Loans.

 

	Executed as of October 30, 2015	
	 	 
	 	QC Financial Services, Inc.,
	 	a Missouri corporation
	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 	 	Douglas E. Nickerson	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	QC Properties, LLC,
	 	a Kansas limited liability company
	 	 	 	 
	 	 	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 		Douglas E. Nickerson	 
	 		Manager	 
	 	 	 	 
	 	QC Financial Services of California, Inc.,
	 	a California corporation	 
	 	 	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 		Douglas E. Nickerson	 
	 		Chief Financial Officer	 
	 	 	 	 
	 	QC Financial Services of Texas, Inc.,
	 	a Kansas corporation	 
	 	 	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 		Douglas E. Nickerson	 
	 		Chief Financial Officer	 
	 	 	 	 
	 	QC Advance, Inc.,
	 	a Missouri corporation
	 	 	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 		Douglas E. Nickerson	 
	 		Chief Financial Officer	 

 

    	12

     

    

	 	 	 	 
	 	Cash Title Loans, Inc.,
	 	a Missouri corporation
	 	 	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 	 	Douglas E. Nickerson	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	E Check Advance of South Carolina, LLC, a Tennessee limited liability company
	 	 	 	 
	 	By:	/s/ Darrin J. Andersen	 
	 	 	Darrin J. Andersen	 
	 	 	Manager	 
	 	 	 	 
	 	QC Auto Services, Inc.,
	 	a Kansas corporation
	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 	 	Douglas E. Nickerson	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	QC Loan Services, Inc.,
	 	a Kansas corporation
	 	 	 	 
	 	By:	/s/ Douglas E. Nickerson	 
	 	 	Douglas E. Nickerson	 
	 	 	Chief Financial Officer	 
	 	 	 	 
	 	QC E-Services, Inc.,
	 	a Kansas corporation
	 	 	 	 
	 	By:	Douglas E. Nickerson	 
	 	 	Douglas E. Nickerson	 
	 	 	Chief Financial Officer	 
	 	 

 

 

 

13

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