Document:

exv10w43

Exhibit 10.43

	 	 	 	 	 
	     Barristers & Solicitors

	 	 
	 	McCarthy Tétrault LLP
	     Patent & Trade-mark Agents

	 	 	 	Box 48, Suite 4700
		 	 	 	Toronto Dominion Bank Tower
	McCarthy Tétrault

	 	 	 	Toronto ON M5K 1E6
	 

	 	 	 	Canada
	 

	 	 	 	Telephone: 416 362-1812
	 

	 	 	 	Facsimile: 416 868-0673
	 

	 	 	 	mccarthy.ca
	 
	 	 	 	 
	 

	 	 	 	John P. Brown
	 

	 	 	 	Direct Line: 416-601-7719
	 

	 	 	 	E-Mail: jbrown@mccarthy.ca

3 March 2010

Mr. Paul Bennett

Hordo & Bennett

Barristers & Solicitors

#1801-808 Nelson Street

P.O. Box 12146

Vancouver, BC V6Z 2H2

Dear Mr. Bennett:

Re: National Money Mart et al ats Kurt MacKinnon et al

We are writing this letter on behalf of National Money Mart Company and Dollar Financial
Group, Inc.

Attached is a Summary of Material Components of the Settlement (the “Summary”) of the above
noted matter, to which you and we have agreed on behalf of our clients, subject to the
approval of the Boards of Directors of National Money Mart Company and Dollar Financial Group,
Inc.

The Summary shall be reduced to a definitive settlement agreement (the “Agreement”) which the
parties agree to negotiate and finalize expeditiously and in good faith. If there are any
disputes on the form or content of the Agreement, or the interpretation of the Summary, they
shall be settled by Donald I. Brenner Q. C. in a summary manner with no right of appeal.

This letter and the Summary will be kept confidential by the signatories and their clients and
other agents and representatives and shall not be disclosed to any person, unless required by

Vancouver, Calgary, London, Toronto, Ottawa, Montréal, Québec, New York and London,
England

 

 

McCarthy Tétrault

	 	 	 	 	 
	3 March 2010

	 	- 2 -
	 	Mr. Bennett

law. The clients will be responsible for any breach of this confidentiality and non-disclosure
undertaking by their counsel or other agents and representatives.

Pleases confirm your acceptance of the above by signing as indicated below.

	 	 	 	 	 
	Yours truly,

McCarthy Tétrault LLP

Per:

 	 	 
	/s/ John P. Brown
 	 	 
	John P. Brown 	 	 
	JPB/or

encls. 	 	 
	 

	 	 	 	 	 
	Date:   March 3, 2010             	Hordo & Bennett

           per:

 	 
	 	/s/ Paul Bennett
 	 
	 	Paul Bennett 	 
	 	 	 

McCarthy Tétrault LLP

 

 

	 	 	 	 	 

Summary of Material Components of the Settlement

	 	 	 
	Feature	 	Description
	 
	 	 
	Class Period

	 	January 1, 1997 to Nov 1, 2009
	 
	 	 
	Liability at Issue

	 	Total cheque cashing fees estimated to Nov 1
	 
	 	 
	Class Definition

	 	All persons who repaid a payday loan by cheque
	 
	 	 
	Settlement Fund

	 	$24.75m — 50% cash, 50% Transaction Credits
	 
	 	 
	The Claims Process

	 	Claims made.
	 
	 	 
	Entitlement of Class Member

	 	Up to 100% of total cheque cashing fees paid (no interest) from Settlement
Fund remaining after payment of class counsel fees. Payments of all claims
– 50% cash and 50% Transaction Credits
	 
	 	 
	Transaction Credit Terms

	 	Issued in $5 increments — paper form
	 

	 	Maximum $5 use per transaction ($25 for income tax prep)
	 

	 	Non-transferable
	 

	 	Expire in 3 years from date of distribution, subject to right to redeem for
cash at stores in the 6 month period following expiry date
	 
	 	 
	Set-offs

	 	Money Mart has a first charge for all debts incurred by a claimant for all
products/services during the class period, against any payment to be
made to the claimant from the Settlement Fund
	 

	 	If the debts exceed the amount of the payment, the excess debt remains
outstanding and will not be affected by the settlement.
	 

	 	Debts relating to Fast Cash Advances means the outstanding principal
and interest due on the due date.
	 
	 	 
	Debt Release

	 	Debt of a class member incurred for all products/services during the class
period who does not make a claim is released up to but not exceeding the
total cheque cashing fees paid by the class member during the Class
Period
	 

	 	Excess debt remains outstanding and will not be affected by the
settlement.
	 
	 	 
	Release by Class

	 	Class (and Approval Order) will provide a full and final release to Money
Mart in respect of any and all claims related to Fast Cash Advances
	 
	 	 
	Claw Back

	 	Any amount in the Settlement Fund to be returned to Money Mart at the end
of the redemption period.
	 
	 	 
	Class Counsel Fees

	 	Payable from the Settlement Fund only, 50% cash, 50% Transaction
Credits.
	 

	 	Class counsel may seek approval of a right to redeem its Transaction
Credits for cash, but settlement is not conditional on this approval being
granted
	 

	 	Class Counsel Fees to be paid within 14 days after the date the
Settlement Fund is established

 

 

-2-

	 	 	 
	Feature	 	Description
	Administrative Costs

	 	Money Mart will administer any settlement.
	 

	 	Money Mart will pay fees of a referee, an auditor and a class counsel
representative
	 
	 	 
	Notice

	 	Direct mailing to class members who engaged in a Money Mart
transaction within the three years prior to the settlement approval
date.
	 

	 	Cost of any mailing will be paid 50% from the Settlement Fund and 50%
by Money Mart.
	 

	 	Notice to be published twice in the Vancouver Sun and the Vancouver
Province.

Notice to be posted in Money Mart stores in like manner to previous
certification noticeex10-1.htm

     

    Exhibit
10.1

     

     

    
      LAZARD
LTD

      30
Rockefeller Plaza

      New York,
New York 10020

      

      March 16,
2010

      

      Trustees
of The Cranberry Dune 1998

      Long-Term
Trust

      c/o W.
Thomas Wingertzahn

      1301
Avenue of the Americas

      44th
Floor

      New York,
NY 10019

      
 

      Ladies
and Gentlemen:

       

      Reference is made to (a) the Amended
and Restated Stockholders’ Agreement (as amended from time to time, the “Stockholders’
Agreement”), dated as of November 6, 2006, by and among LAZ-MD Holdings
LLC, a Delaware limited liability company, Lazard Ltd, a company incorporated
under the laws of Bermuda (“Lazard Ltd”), and the
persons listed on the signature pages thereto, and (b) the Letter Agreement (the
“Letter
Agreement”), dated as of May 20, 2005, by and among the Trustees of The
Cranberry Dune 1998 Long-Term Trust (the “Trust”) and Lazard
Group LLC (“Lazard
Group” and, together with Lazard Ltd, “Lazard”).  Each
capitalized term used and not defined herein shall have the meaning ascribed to
such term in the Stockholders’ Agreement or the Letter Agreement, as
applicable.

       

      The Trustees of the Trust hereby agree
that immediately following the offering of Lazard Ltd common stock (the “Offering”) pursuant
to the terms and conditions stated in the Underwriting Agreement, dated March
16, 2010, among Lazard Ltd, the selling shareholders party thereto and the
underwriters party thereto, Lazard’s obligation to nominate one person
designated by the Trust (or its designee) to the Board of Directors of Lazard
Ltd pursuant to the terms of the Letter Agreement shall
terminate.  The Trustees of the Trust further agree that Ellis Jones
will not stand for election at Lazard Ltd’s annual general meeting of
shareholders to be held on or about April 27, 2010.

       

      Lazard hereby agrees that the Lock-Up
Period set forth in Section 4.4 of the Stockholders’ Agreement is deemed
inapplicable to the Offering.  Lazard further agrees that it will
waive the Lock-Up Period set forth in Section 4.4 of the Stockholders’ Agreement
with respect to the Trust’s registration of any Registrable Securities in
connection with a Public Offering pursuant to the Annual Registration in
2010.

       

      This letter agreement shall be
governed by and construed in accordance with the laws of the State of New York,
without regard to principles of conflict of laws which could cause the
application of the law of any jurisdiction other than the State of New
York.  This letter agreement may not be amended or modified, other
than by a written agreement executed by the parties hereto.  This
letter agreement shall be binding upon and inure to the benefit of Lazard and
the Trust and their respective successors and assigns.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      Each of Lazard and the Trustees of
the Trust, intending to be legally
bound, has caused this letter agreement to be executed and delivered in its name
and on its behalf as of the date first above written.

      

      

      
        	
                LAZARD
      LTD,

                 

              
	
                By

              
	 
      	/s/
      Scott D. Hoffman
	 
      	
                Name:   
      Scott D. Hoffman

                Title:     
      Managing Director and General
Counsel

              

      

      

      

      
        	
                LAZARD
      GROUP LLC,

                 

              
	
                By

              
	 
      	/s/
      Scott D. Hoffman
	 
      	
                Name:   
      Scott D. Hoffman

                Title:     
      Managing Director and General
Counsel

              

      

      

      

      
        	
                PAMELA
      S. WASSERSTEIN,

                AS
      TRUSTEE FOR THE

                CRANBERRY
      DUNE 1998 LONG-TERM

                TRUST,

                 

              
	
                By

              
	 
      	/s/
      Pamela S. Wasserstein
	 
      	
                Name:    Pamela
      S. Wasserstein

                Title:     
      Co-Trustee

              

      

      
 

      2ex10-1.htm

     

    Exhibit
10.1

     

     

    
      LAZARD
LTD

      30
Rockefeller Plaza

      New York,
New York 10020

      

      March 16,
2010

      

      Trustees
of The Cranberry Dune 1998

      Long-Term
Trust

      c/o W.
Thomas Wingertzahn

      1301
Avenue of the Americas

      44th
Floor

      New York,
NY 10019

      
 

      Ladies
and Gentlemen:

       

      Reference is made to (a) the Amended
and Restated Stockholders’ Agreement (as amended from time to time, the “Stockholders’
Agreement”), dated as of November 6, 2006, by and among LAZ-MD Holdings
LLC, a Delaware limited liability company, Lazard Ltd, a company incorporated
under the laws of Bermuda (“Lazard Ltd”), and the
persons listed on the signature pages thereto, and (b) the Letter Agreement (the
“Letter
Agreement”), dated as of May 20, 2005, by and among the Trustees of The
Cranberry Dune 1998 Long-Term Trust (the “Trust”) and Lazard
Group LLC (“Lazard
Group” and, together with Lazard Ltd, “Lazard”).  Each
capitalized term used and not defined herein shall have the meaning ascribed to
such term in the Stockholders’ Agreement or the Letter Agreement, as
applicable.

       

      The Trustees of the Trust hereby agree
that immediately following the offering of Lazard Ltd common stock (the “Offering”) pursuant
to the terms and conditions stated in the Underwriting Agreement, dated March
16, 2010, among Lazard Ltd, the selling shareholders party thereto and the
underwriters party thereto, Lazard’s obligation to nominate one person
designated by the Trust (or its designee) to the Board of Directors of Lazard
Ltd pursuant to the terms of the Letter Agreement shall
terminate.  The Trustees of the Trust further agree that Ellis Jones
will not stand for election at Lazard Ltd’s annual general meeting of
shareholders to be held on or about April 27, 2010.

       

      Lazard hereby agrees that the Lock-Up
Period set forth in Section 4.4 of the Stockholders’ Agreement is deemed
inapplicable to the Offering.  Lazard further agrees that it will
waive the Lock-Up Period set forth in Section 4.4 of the Stockholders’ Agreement
with respect to the Trust’s registration of any Registrable Securities in
connection with a Public Offering pursuant to the Annual Registration in
2010.

       

      This letter agreement shall be
governed by and construed in accordance with the laws of the State of New York,
without regard to principles of conflict of laws which could cause the
application of the law of any jurisdiction other than the State of New
York.  This letter agreement may not be amended or modified, other
than by a written agreement executed by the parties hereto.  This
letter agreement shall be binding upon and inure to the benefit of Lazard and
the Trust and their respective successors and assigns.

       

       

      
        
          
          

        

        
          
          

          
            

          

        

        
          
          

        

      

      
 

      Each of Lazard and the Trustees of
the Trust, intending to be legally
bound, has caused this letter agreement to be executed and delivered in its name
and on its behalf as of the date first above written.

      

      

      
        	
                LAZARD
      LTD,

                 

              
	
                By

              
	 
      	/s/
      Scott D. Hoffman
	 
      	
                Name:   
      Scott D. Hoffman

                Title:     
      Managing Director and General
Counsel

              

      

      

      

      
        	
                LAZARD
      GROUP LLC,

                 

              
	
                By

              
	 
      	/s/
      Scott D. Hoffman
	 
      	
                Name:   
      Scott D. Hoffman

                Title:      Managing
      Director and General Counsel

              

      

      

      

      
        	
                PAMELA
      S. WASSERSTEIN,

                AS
      TRUSTEE FOR THE

                CRANBERRY
      DUNE 1998 LONG-TERM

                TRUST,

                 

              
	
                By

              
	 
      	/s/
      Pamela S. Wasserstein
	 
      	
                Name:   
      Pamela S. Wassertstein

                Title:     
      Co-Trustee

              

      

      
 

      2

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