Document:

exv10w1

Exhibit 10.1

THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

     This THIRD AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this “Third Amendment”)
is entered into effective as of September 24, 2008, among MARTIN OPERATING PARTNERSHIP L.P., a
Delaware limited partnership, as borrower (the “Borrower”), MARTIN MIDSTREAM PARTNERS L.P., a
Delaware limited partnership (the “MLP”), MARTIN OPERATING GP LLC, a Delaware limited liability
company, PRISM GAS SYSTEMS I, L.P., a Texas limited partnership, PRISM GAS SYSTEMS GP, L.L.C., a
Texas limited liability company, PRISM GULF COAST SYSTEMS, L.L.C., a Texas limited liability
company, and MCLEOD GAS GATHERING AND PROCESSING COMPANY, L.L.C., a Louisiana limited liability
company, as guarantors, the financial institutions party hereto (collectively, the “Lenders”), and
ROYAL BANK OF CANADA, as administrative agent (the “Administrative Agent”) and collateral agent for
the Lenders and as L/C Issuer, Swing Line Lender and a Lender.

     WHEREAS, the Borrower, the MLP, the Administrative Agent, and the Lenders are parties to that
certain Second Amended and Restated Credit Agreement dated as of November 10, 2005, as amended by
that certain First Amendment to Second Amended and Restated Credit Agreement dated as of June 30,
2006, and that certain Second Amendment to Second Amended and Restated Credit Agreement dated as of
December 28, 2007 (as so amended and as further renewed, extended, amended or restated, the “Credit
Agreement”);

     WHEREAS, the Borrower has requested that the Lenders agree to amend the definition of “Change
of Control” as set forth herein; and

     WHEREAS, the Lenders have agreed to such amendment, subject to the terms and conditions set
forth herein.

     NOW, THEREFORE, for good and valuable consideration, the receipt and sufficiency of which is
hereby acknowledged, the parties hereto hereby agree as follows:

     SECTION 1. Definitions. Unless otherwise defined in this Third Amendment, terms used
in this Third Amendment which are defined in the Credit Agreement shall have the meanings assigned
to such terms in the Credit Agreement. The interpretive provisions set forth in Section 1.02 of
the Credit Agreement shall apply to this Third Amendment.

     SECTION 2. Amendment to the Credit Agreement. Subject to satisfaction of the
conditions precedent set forth in Section 3 of this Third Amendment, the definition of “Change of
Control” in Section 1.01 of the Credit Agreement is amended in its entirety to read as follows:

     “Change of Control means (a) Martin Resource shall fail to own,
directly or indirectly, at least 51% of the general partnership interests in the
MLP, (b) any Person, entity or group (other than Martin Resource) acquires
beneficial ownership (within the meaning of Rule 13d-3 under the Exchange Act) of
51% or more of the limited partnership interests in the MLP, (c) the MLP shall fail
to own, directly or indirectly, 100% of the equity interests in the Borrower, (d)
Martin Resource fails for any reason to control, directly or indirectly, the
management of the MLP or fails to control, directly or indirectly, the management of
the Borrower, or (e) a Martin Resource Change of Control shall occur.”

 

 

     SECTION 3. Conditions of Effectiveness. The amendment to the Credit Agreement set
forth in Section 2 of this Third Amendment shall not be effective until the date (such date, the
“Third Amendment Effective Date”) each of the following conditions precedent has been satisfied in
full:

     (a) The Administrative Agent shall have received a counterpart of this Third Amendment
executed by each of the parties hereto (which may be by telecopy transmission); and

     (b) All fees, costs, and expenses due and payable at the Third Amendment Effective Date shall
have been paid, and the Borrower shall have paid Attorney Costs of the Administrative Agent to the
extent invoiced prior to, or on, the Third Amendment Effective Date.

     SECTION 4. Representations and Warranties. In order to induce the Administrative
Agent and the Lenders to enter into this Third Amendment, the Borrower represents and warrants to
the Administrative Agent and to each Lender that:

     (a) This Third Amendment, the Credit Agreement as amended hereby, and each Loan Document have
been duly authorized, executed, and delivered by the Borrower and the applicable Loan Parties and
constitute their legal, valid, and binding obligations enforceable in accordance with their
respective terms (subject, as to the enforcement of remedies, to applicable bankruptcy,
reorganization, insolvency, moratorium, and similar laws affecting creditors’ rights generally and
to general principles of equity).

     (b) The representations and warranties set forth in Article V of the Credit Agreement and in
the Collateral Documents are true and correct in all material respects on and as of the Third
Amendment Effective Date, after giving effect to this Third Amendment, as if made on and as of the
Third Amendment Effective Date except to the extent such representations and warranties relate
solely to an earlier date.

     (c) As of the date hereof, at the time of and after giving effect to this Third Amendment, no
Default or Event of Default has occurred and is continuing.

     (d) No approval, consent, exemption, authorization, or other action by, or notice to, or
filing with, any Governmental Authority is necessary or required in connection with the execution,
delivery, or performance by the Borrower or any Loan Party of its obligations hereunder. This
Third Amendment has been duly authorized by the Borrower and each Loan Party party hereto by all
necessary corporate, partnership, or limited liability company action, as applicable. The
execution, delivery and performance of this Third Amendment and the documents and transactions
contemplated hereby do not and will not (a) contravene the terms of the Borrower’s or any other
Loan Party’s Organization Documents, (b) conflict with or result in any breach or contravention of,
or result in creation of any Lien (other than Liens in favor of the Collateral Agent) under, any
document evidencing any material Contractual Obligation to which the Borrower or any other Loan
Party is a party or any order, injunction, writ or decree of any Governmental Authority to which
the Borrower or any other Loan Party is subject, or (c) violate any Law applicable to any Loan
Party.

     SECTION 5. Effect of Amendment. (a) This Third Amendment (i) except as expressly
provided herein, shall not be deemed to be a consent to the modification or waiver of any other
term or condition of the Credit Agreement or of any of the instruments or agreements referred to
therein and (ii) shall not prejudice any right or rights which the Administrative Agent, the
Collateral Agent, or the Lenders may now or hereafter have under or in connection with the Credit
Agreement, as amended by this Third Amendment. Except as otherwise expressly provided by this
Third Amendment, all of the terms, conditions and provisions of the Credit Agreement shall remain
the same. It is declared and agreed by each of the parties hereto that the Credit Agreement, as
amended hereby, shall continue in full force and
effect, and that this Third Amendment and such Credit Agreement shall be read and construed as
one instrument.

2

 

     (b) Each of the undersigned Guarantors hereby consents to and accepts the terms and conditions
of this Third Amendment and the transactions contemplated thereby, agrees to be bound by the terms
and conditions thereof, and ratifies and confirms that each Guaranty and each of the other Loan
Documents to which it is a party is, and shall remain, in full force and effect after giving effect
to this Third Amendment. The Borrower and each of the other Loan Parties hereby confirm and agree
that all Liens and other security now or hereafter held by the Collateral Agent for the benefit of
the Lenders as security for payment of the Obligations are the legal, valid, and binding
obligations of the Borrower and the Loan Parties, remain in full force and effect, are unimpaired
by this Third Amendment, and are hereby ratified and confirmed as security for payment of the
Obligations.

     SECTION 6. Miscellaneous. This Third Amendment shall for all purposes be construed in
accordance with and governed by the laws of the State of New York and applicable federal law. The
captions in this Third Amendment are for convenience of reference only and shall not define or
limit the provisions hereof. This Third Amendment may be executed in separate counterparts, each
of which when so executed and delivered shall be an original, but all of which together shall
constitute one instrument. In proving this Third Amendment, it shall not be necessary to produce
or account for more than one such counterpart.

     SECTION 7. Entire Agreement. THE CREDIT AGREEMENT (AS AMENDED BY THIS THIRD
AMENDMENT) AND THE OTHER LOAN DOCUMENTS REPRESENT THE FINAL AGREEMENT BETWEEN THE PARTIES AND MAY
NOT BE CONTRADICTED BY EVIDENCE OF PRIOR, CONTEMPORANEOUS, OR SUBSEQUENT ORAL AGREEMENTS OF THE
PARTIES. THERE ARE NO UNWRITTEN ORAL AGREEMENTS BETWEEN THE PARTIES.

     SECTION 8. Additional Further Assurances. The parties hereto each agree to execute
from time to time such further documents as may be necessary to implement the terms of this Third
Amendment.

[SIGNATURES BEGIN ON NEXT PAGE]

3

 

     IN WITNESS WHEREOF, the parties hereto have caused this Third Amendment to be duly executed and
delivered by their proper and duly authorized officers as of the date and year first above written.

	 	 	 	 	 	 	 	 	 	 
	MARTIN OPERATING PARTNERSHIP L.P.,	 
	a Delaware limited partnership, as Borrower	 
	 
	 	 	 	 	 	 	 	 	 
	By:	 	MARTIN OPERATING GP LLC,	 
	 	 	its General Partner	 
	 
	 	 	 	 	 	 	 	 	 
	 	 	By:	 	MARTIN MIDSTREAM PARTNERS L.P.,	 
	 	 	 	 	its Sole Member	 
	 
	 	 	 	 	 	 	 	 	 
	 	 	 	 	By:	 	MARTIN MIDSTREAM GP LLC,	 
	 	 	 	 	 	 	its General Partner	 
	 
	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	By:
	 	/s/ Robert D. Bondurant	 
	 

	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	 	Robert D. Bondurant	 
	 

	 	 	 	 	 	 	 	Executive Vice President and Chief	 
	 

	 	 	 	 	 	 	 	Financial Officer	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 
	MARTIN MIDSTREAM PARTNERS L.P.,	 
	a Delaware limited partnership, as a Guarantor	 
	 
	 	 	 	 	 
	By:	 	MARTIN MIDSTREAM GP LLC,	 
	 	 	its General Partner	 
	 
	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Bondurant	 
	 

	 	 	 	 	 
	 

	 	 	 	Robert D. Bondurant	 
	 

	 	 	 	Executive Vice President and Chief
Financial Officer	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 	 	 
	MARTIN OPERATING GP LLC,	 
	a Delaware limited liability company, as a Guarantor	 
	 
	 	 	 	 	 	 	 
	By:	 	MARTIN MIDSTREAM PARTNERS L.P.,	 
	 	 	its Sole Member	 
	 
	 	 	 	 	 	 	 
	 	 	By:	 	MARTIN MIDSTREAM GP LLC,	 
	 	 	 	 	its General Partner	 
	 
	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Robert D. Bondurant	 
	 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	Robert D. Bondurant	 
	 

	 	 	 	 	 	Executive Vice President and Chief
Financial Officer	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 	 
	PRISM GAS SYSTEMS I, L.P., a Texas limited partnership, as a Guarantor	 
	 
	 	 	 	 	 
	 

	 	By:
	 	Prism Gas Systems GP, L.L.C., its General Partner	 
	 
	 	 	 	 	 
	 

	 	By:
	 	/s/ Robert D. Bondurant	 
	 

	 	 	 	 	 
	 

	 	 	 	Robert D. Bondurant

Executive Vice President and Chief Financial Officer	 
	 
	 	 	 	 	 
	PRISM GAS SYSTEMS GP, L.L.C., as a Guarantor	 
	 
	 	 	 	 	 
	By:	 	/s/ Robert D. Bondurant	 
	 	 	 	 
	 	 	Robert D. Bondurant	 
	 	 	Executive Vice President and Chief Financial Officer	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	PRISM GULF COAST SYSTEMS, L.L.C., as a Guarantor

 	 
	 	By:  	/s/ Robert D. Bondurant
 	 
	 	 	Robert D. Bondurant 	 
	 	 	Treasurer 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	MCLEOD GAS GATHERING AND PROCESSING

COMPANY, L.L.C., as a Guarantor

 	 
	 	By:  	/s/ Ruben S. Martin
 	 
	 	 	Ruben S. Martin 	 
	 	 	Sole Manager 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	WOODLAWN PIPELINE CO., INC.,

a Texas corporation, as a Guarantor

 	 
	 	By:  	/s/ Robert D. Bondurant
 	 
	 	 	Robert D. Bondurant 	 
	 	 	Executive Vice President and Chief
Financial Officer 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as Administrative Agent and

Collateral Agent

 	 
	 	By:  	/s/ Ann Hurley
 	 
	 	 	Name:  	Ann Hurley 	 
	 	 	Title:  	Manager, Agency 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	ROYAL BANK OF CANADA, as a Lender, as L/C Issuer,

and as Swing Line Lender

 	 
	 	By:  	/s/ Jason York
 	 
	 	 	Name:  	Jason S. York 	 
	 	 	Title:  	Authorized Signatory	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	SUNTRUST BANK, as Documentation Agent and as a Lender

 	 
	 	By:  	/s/ Joe McCreery
 	 
	 	Name:  	Joe McCreery 	 
	 	Title:  	Director 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	COMERICA BANK, as a Lender

 	 
	 	By:  	/s/ Brian Enzler
 	 
	 	Name:  	Brien Enzler 	 
	 	Title:  	Corporate Banking Officer 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	FORTIS CAPITAL CORP., as a Lender

 	 
	 	By:  	 
 	 
	 	Name:  	 	 
	 	Title:  	 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	WELLS FARGO BANK, N.A., as a Lender

 	 
	 	By:  	/s/ Thomas E. Stelmar, Jr.
 	 
	 	 	Name:  	Thomas E. Stelmar, Jr. 	 
	 	 	Title:  	AVP / Portfolio Manager 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	WESTLB AG, NEW YORK BRANCH, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 
	 	 	 
	 	By:  	
 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	CATERPILLAR FINANCIAL SERVICES

CORPORATION, as a Lender

 	 
	 	By:  	/s/ Christopher C. Patterson
 	 
	 	 	Name:  	Christopher C. Patterson 	 
	 	 	Title:  	Global Operations Manager - Capital
Markets 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	AMEGY BANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Kenneth R. Batson, III
 	 
	 	 	Name:  	Kenneth R. Batson, III 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	JPMORGAN CHASE BANK, NA, as a Lender

 	 
	 	By:  	/s/ Jennifer Fitzgerald
 	 
	 	 	Name:  	Jennifer Fitzgerald 	 
	 	 	Title:  	Associate 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	NATEXIS BANQUES POPULAIRES, as a Lender

 	 
	 	By:  	/s/ Gideon Oosthuizen
 	 
	 	 	Name:  	Gideon Oosthuizen 	 
	 	 	Title:  	Senior Vice President 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	WACHOVIA BANK, NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	ALLIED IRISH BANKS p.l.c., as a Lender

 	 
	 	By:  	/s/ Vaughn Buck
 	 
	 	 	Name:  	Vaughn Buck 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	               /s/ David O’Driscoll
 	 
	 	 	Name:  	David O’Driscoll 	 
	 	 	Title:  	Assistant Vice President 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	AIB DEBT MANAGEMENT LIMITED, as a Lender

 	 
	 	By:  	/s/ Vaughn Buck
 	 
	 	 	Name:  	Vaughn Buck 	 
	 	 	Title:  	Director, Investment Advisor to AIB,
Debt Management, Limited 	 
	 
	 	 	 
	 	By:  	         /s/ David O’Driscoll
 	 
	 	 	Name:  	David O’Driscoll 	 
	 	 	Title:  	Assistant Vice President, Investment
Advisor to AIB Debt Management,
Limited 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	GUARANTY BANK, as a Lender

 	 
	 	By:  	/s/ James A. Morgan
 	 
	 	 	Name:  	James A. Morgan 	 
	 	 	Title:  	Assistant Vice President 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]

 

 

	 	 	 	 	 
	 	U.S. BANK NATIONAL ASSOCIATION, as a Lender

 	 
	 	By:  	/s/ Justin M. Alexander
 	 
	 	 	Name:  	Justin M. Alexander 	 
	 	 	Title:  	Vice President 	 
	 

[SIGNATURE PAGE TO THE THIRD AMENDMENT TO

SECOND AMENDED AND RESTATED CREDIT AGREEMENT]exv10w1

EXHIBIT 10.1

MADISON PARK, L.L.C.

30 East 71st #1A

New York, NY 10021

(212) 717-0520

(212) 717-4263

as of October 1, 2008

CONFIDENTIAL

EZCORP, Inc.

1901 Capital Parkway

Austin, TX 78746

Gentlemen:

The purpose of this letter is to set forth the agreement and understanding as of October 1, 2008,
between EZCORP, Inc. (“EZCORP”) and Madison Park, L.L.C. (“Madison Park”) regarding advisory
services to be rendered by Madison Park to EZCORP (the “Agreement”).

	 	1.	 	EZCORP hereby engages Madison Park to provide advisory services related to EZCORP’s
business and long term strategic plan, as modified by EZCORP from time to time, including
but not limited to the following:

	 	(a)	 	Identifying, evaluating and negotiating potential acquisitions and
strategic alliances;
	 
	 	(b)	 	Assessing operating and strategic objectives including new business
development;
	 
	 	(c)	 	Advising on investor relations and relations with investment bankers,
securities analysts and other members of the financial services industry;
	 
	 	(d)	 	Assisting in international business development and strategic
investment opportunities that complement EZCORP’s business lines and strategic
objectives;
	 
	 	(e)	 	Analyzing financial condition and results of operations, evaluating
strengths and weaknesses of financial performance and recommending measures to
improve performance;
	 
	 	(f)	 	Advising on dividend policy and corporate transactions such as stock
repurchases, splits, recapitalizations and restructuring;
	 
	 	(g)	 	Providing briefings on business strategy to the Board of Directors
from time to time as appropriate; and
	 
	 	(h)	 	Performing such other services as agreed between EZCORP and Madison
Park.

	 	2.	 	Madison Park hereby accepts the engagement described in paragraph 1 above. As
compensation for its services, EZCORP agrees to pay Madison Park an annual retainer fee of
$2,400,000, payable in $200,000 monthly installments (the “Retainer”).

 

 

	 	3.	 	The term of Madison Park’s engagement shall extend from October 1, 2008, through
September 30, 2009. The Agreement shall terminate on September 30, 2009, unless
terminated earlier as provided for herein. Paragraph 6 herein shall survive any
termination or expiration of this Agreement.
	 
	 	4.	 	EZCORP shall reimburse Madison Park for its out-of-pocket travel and entertainment
expenses incurred in order to render the services contemplated to be provided by Madison
Park pursuant to this Agreement. Any other expenses must be agreed to by EZCORP in
advance. The expenses shall be documented in a similar manner applicable to EZCORP’s
executive officers and paid by EZCORP within 30 days after receipt by EZCORP of a detailed
invoice including supporting documentation.
	 
	 	5.	 	Either party may terminate this Agreement with or without cause upon 30 days written
notice to the other party.
	 
	 	6.	 	Indemnification.

	 	(a)	 	EZCORP agrees to indemnify and hold harmless Madison Park, its
affiliates, the respective officers, directors, employees, consultants, associates
and agents of Madison Park and its affiliates, and any person controlling Madison
Park or any of its affiliates within the meaning of either Sections 15 of the
Securities Act of 1933 or Section 9 of the Securities Exchange Act of 1934 (each
an “indemnified person”) in connection with this engagement from and against all
claims, costs, expenses, liabilities, losses and damages (or actions in respect
thereof) related to or arising out of this engagement or Madison Park’s connection
therewith; provided, however, that EZCORP shall not be responsible for any claims,
costs, expenses, liabilities, losses or damages of an indemnified person to the
extent that it is finally determined by a court or other tribunal of competent
jurisdiction that they resulted primarily from actions taken or omitted to be
taken by such indemnified person due to such indemnified person’s recklessness,
willful misconduct or bad faith or that they arose primarily out of or were based
primarily upon any untrue statement or omission made (i) in any document or
writing in reliance upon and in conformity with information furnished to EZCORP by
such indemnified person for use in such document or writing or (ii) in any
document in connection with the engagement without the prior approval of EZCORP.
	 
	 	(b)	 	If any action or proceeding, including, but not limited to, any
governmental investigation, shall be brought or asserted against an indemnified
person in respect of which indemnity shall be sought from EZCORP, such indemnified
person shall promptly notify EZCORP in writing of an indemnified person’s
knowledge of such claim, action or proceedings, and EZCORP shall assume the
defense thereof, including, but not limited to, the employment of counsel
reasonably satisfactory to such indemnified person and the payment of all fees and
disbursements of such counsel and all other expenses related to such actions or
proceeding. Such indemnified person shall have the right to employ separate
counsel in any such action or proceeding to participate in defense thereof, but
the fees and expenses of such separate counsel shall be at the expense of such
indemnified person unless (i) EZCORP has agreed to pay such fees and expenses or
(ii) EZCORP shall have failed to timely assume the defense of such actions or
proceeding, to employ counsel reasonably satisfactory to such indemnified person
in any such action or proceeding and if requested by such indemnified person, to
confirm in writing that it is obligated to indemnify such indemnified person
against all claims, costs, expenses, liabilities, losses and damages related to or
arising out of such action or proceeding in accordance with this agreement or
(iii) counsel shall determine that there is or could reasonably be expected to be
a conflict of interest by reason of having common counsel in any action or
proceeding, in which case, if such indemnified person

 

 

	 	 	 	notifies EZCORP in writing that it elects to employ separate counsel at the
expense of EZCORP, EZCORP shall not have the right to assume the defense of
such action or proceeding on behalf of any such indemnified person, it being
understood, however, that EZCORP shall not, in connection with any one such
action or proceeding or separate but substantially similar or related actions
or proceedings in the same jurisdiction arising out of the same general
allegations or circumstances, be liable for the reasonable fees and expenses of
more than one separate firm of attorneys (together with appropriate local
counsel) at any time for such indemnified person, which firm shall be
designated in writing by such indemnified person. EZCORP shall not be liable
for any settlement of any such action or proceeding effected without EZCORP’s
written consent, which should not be unreasonably withheld. If settled with
EZCORP’s prior written consent or if there be a final and nonappealable
judgment for the plaintiff in any such action or proceeding, EZCORP agrees to
indemnify and hold harmless such indemnified person from and against any loss
or liability to the extent stated above by reason of such settlement or
judgment.
	 
	 	(c)	 	If for any reason the indemnification provided herein is unavailable
to an indemnified person under paragraph 6(b) above in respect of any claims,
costs, expenses, liabilities, losses or damages referred to therein or if such
indemnification shall be insufficient to hold such indemnified person harmless
from all such claims, costs, expenses, liabilities, losses or damages, then
EZCORP, in lieu of indemnifying such indemnified person shall contribute to the
amount paid or payable by such indemnified person as a result of such claims,
costs, expenses, liabilities, losses or damages, (i) in such proportion as is
appropriate to reflect the relative benefits received by EZCORP on the one hand
and such indemnified person on the other hand or (ii) if the allocation provided
by clause (i) above is not permitted by applicable law, in such proportion as is
appropriate to reflect not only the relative benefits referred to in clause (i)
but also the relative fault of EZCORP, on the one hand, and such indemnified
person, on the other, as well as any other relevant equitable consideration. The
amount paid or payable by a party as a result of the claims, costs, expenses,
liabilities, losses or damages, referred to above shall be deemed to include,
subject to the limitations set forth in paragraph 6(b) any legal or other fees or
expenses reasonably incurred by such party in connection with investigating or
defending any action or claim. Notwithstanding the provisions herein, Madison
Park shall not be required to contribute any amount in excess of the amount of
fees received by Madison Park under this Agreement.

	 	7.	 	The terms of this Agreement and the advice provided under this Agreement shall not be
disclosed by either party without the express written consent of the other party, except
(i) any EZCORP regulatory filing, (ii) a court proceeding, or (iii) as required by law.
	 
	 	8.	 	This Agreement shall be governed by the laws of the State of New York.
	 
	 	9.	 	The obligations under this Agreement may be assigned by Madison Park on written
notice to EZCORP. Such written notice must be delivered to EZCORP at least 30 calendar
days prior to the effective date of any such assignment.
	 
	 	10.	 	This Agreement constitutes the entire agreement of the parties hereto with respect to
all matters contemplated hereby and supersedes all previous agreements and understandings
among them concerning such matters. No statements or agreements, oral or written, made
prior to or at the signing hereof, shall vary, waive or modify the written terms hereof.

* * * * *

 

 

If the foregoing correctly sets forth the understanding and agreement between Madison Park and
EZCORP, please so indicate in the space provided below for this purpose, whereupon this letter
shall constitute a binding agreement.

	 	 	 	 	 
	 	MADISON PARK, L.L.C.

 	 
	 	     /s/ Virginia D. Dodson
 	 
	 	By:              Virginia D. Dodson 	 
	 	Title:  	Vice President 	 
	 

AGREED AND ACCEPTED ON THIS 29th DAY OF September, 2008 and effective as of October 1, 2008.

EZCORP, INC.

	 	 	 
	     /s/ Daniel N. Tonissen
 

By: Daniel N. Tonissen

	 	 
	Title: Sr. Vice President and CFO

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00147-of-00352.parquet"}]]