Document:

f8k122712ex10i_idt.htm

Exhibit 10.1

STOCK GRANT AGREEMENT BETWEEN

HOWARD JONAS

and

IDT CORPORATION

 

Regarding Common Stock of

 

INNOVATIVE COMMUNICATIONS TECHNOLOGIES, INC.

 

	
Howard Jonas

	
520 Broad Street

	
Newark, New Jersey 07102

This Agreement sets forth the terms of the grant of stock of Innovative Communications Technologies, Inc. to you effective as of December 27, 2012 (the “Effective Date”).

 

1. Grant of Stock.  IDT Corporation (“IDT”) hereby grants to you one hundred (100) shares of common stock par value $0.01 per share (the “Shares” which term shall include any shares or other securities that you receive or become entitled to receive as a result of your ownership of the shares granted hereby) of Innovative Communications Technologies, Inc., a Delaware corporation (the “Company”) which are currently outstanding and held of record and beneficially by IDT.  As of the Effective Date the Shares constitute ten percent (10.0%) of the Company’s outstanding equity.  The foregoing grant shall be deemed fully vested upon issuance. This grant is a matter of separate inducement and is not in lieu of salary or other compensation for your services to IDT Corporation (“IDT”) and its subsidiaries and affiliates.

 

2. Certain Covenants.  

 

(a) Notwithstanding any provision hereof, the Company shall be permitted, in its sole and absolute discretion, to license to IDT or its affiliates the Intellectual Property for any period and on any terms acceptable to the Company, including  on a royalty free basis.

 

(b) IDT may, at its sole and absolute discretion, sell the Company or cause the Company to merge with other entities, provided that such actions are performed in good faith and in a manner which does not discriminate against your interest in the Company.

 

(c) In the event that IDT decides in good faith to distribute interests in the Company (or another entity with which the Company is merged or consolidated or which becomes the parent of the Company) to shareholders of IDT (a “Spin-Off”), you agree to cooperate and assist IDT in effecting the Spin-Off, including, but not limited to, exchange the Shares for equity in another entity as reasonably requested by IDT.

 

  

  

  

 

3. Voting and Other Rights.

 

(a) Upon the Effective Date, you shall have all of the rights and status as a stockholder of the Company with respect to the Shares, including the right to vote such shares and to receive dividends or other distributions thereon.

 

(b) Nothing herein shall in any manner diminish your duties and obligations to IDT as an employee of IDT or IDT’s rights with respect to (i) the Intellectual Property, (ii) intellectual property developed by you as an employee of IDT or its affiliates, or (iii) other matters related to your employment and service to IDT and its affiliates in any capacity.

 

(c) Nothing herein shall provide you with any right to continued employment by IDT in any manner or to continue to provide services to, or receive remuneration from, IDT or any of its subsidiaries or affiliates.

 

4. Stock Power.  At the Company’s request, you hereby agree to promptly execute any document, including a stock power endorsed in blank, that is necessary to comply with the terms of this Agreement. 

 

5. Successors. This Agreement shall be binding upon and inure to the benefit of any successor of the Company and your successors, assigns and estate, including your executors, administrators and trustees.

 

6. Amendment or Modification, Waiver. No provision of this Agreement may be amended or waived unless such amendment or waiver is agreed to in writing and signed by each party hereto. No waiver by either party hereto of any breach by another party hereto of any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of a similar of dissimilar condition or provision at the same time, any prior time or any subsequent time.

 

7. Notices.  Each notice relating to this Agreement shall be in writing and delivered in person or by certified mail or overnight delivery to the proper address.

 

8. Entire Agreement. The parties have not made any representations, warranties, or covenants with respect to the subject matter hereof, orally or in writing, which are not expressly set forth herein, and this Agreement, together with any instruments or other agreements executed simultaneously herewith, constitutes the entire agreement between them with respect to the subject matter hereof. All understandings and agreements heretofore had between the parties with respect to the subject matter hereof are merged in this Agreement, which alone fully and completely expresses their agreement.

 

9. Severability.  If any provision of this Agreement or the application of any such provision to any party or circumstances shall be determined by any court of competent jurisdiction to be invalid and unenforceable to any extent, the remainder of this Agreement or the application of such provision to such person or circumstances other than those to which it is so determined to be invalid and unenforceable, shall not be affected thereby, and each provision hereof shall be validated and shall be enforced to the fullest extent permitted by law.

 

  

  

  

 

10. Governing Law.  This Agreement shall in all respects be construed, governed, applied and enforced with the laws of the State of New Jersey without giving effect to the principles of conflicts of laws. All parties hereby consent to and irrevocably submit to personal jurisdiction by the State and Federal Courts sitting in Essex County, New Jersey in any action or proceeding, irrevocably waive trial by jury and personal service of any and all process and other documents and specifically consent that in any such action or proceeding, any service of process may, without limitation, be effectuated by certified mail, return receipt requested.

 

11. Headings.  All descriptive headings of sections and paragraphs in this Agreement are intended solely for convenience, and no provision of this Agreement is to be construed by reference to the heading of any section or paragraph.

 

12. Execution.  This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together shall constitute the same Agreement.  Any signature page of any such counterpart, or any electronic facsimile thereof, may be attached or appended to any other counterpart to complete a fully executed counterpart of this Agreement, and any PDF, telecopy or other facsimile transmission of any signature shall be deemed an original and shall bind such party.

 

[Remainder of page intentionally left blank]

 

  

  

  

 

To confirm your acceptance of the foregoing, please sign and date below under “Accepted and Agreed” and return one copy of this Agreement to the Company at its address set forth herein.

	 	
IDT CORPORATION

	 
	 	 	 	 
	
 

	
By: 

	/s/ Shmuel Jonas	 
	 	 	
Name:  Shmuel Jonas

	 
	 	 	
Title:  Chief Operating Officer

	 
	 	 	 	 

 

ACCEPTED AND AGREED:

/s/ Howard Jonas                                                                

      Howard Jonas

Date: December 27, 2012ex4-1.htm

Exhibit 4.1

 

 

NOT VALID UNLESS COUNTERSIGNED BY TRANSFER AGENT  INCORPORATED UNDER THE LAWS OF THE STATE OF DELAWARE GULFSLOPE ENERGY INC.  750,000,000 SHARES AUTHORIZED COMMON STOCK $.0001 PAR VALUE SPECIMEN THIS CERTIFIES THAT IS THE RECORD HOLDER OF Cusip No.40273W 10 5 SHARES OF GULFSLOPE ENERGY INC. COMMON STOCK transferable on the books of the Corporation in person or by duly authorized attorney upon surrender of this Certificate properly endorsed.  This Certificate is not valid until countersigned by the Transfer Agent and registered by the Registrar.  Witness the facsimile seal of the Corporation and the facsimile signatures of its duly authorized officers.  Dated: SECRETARY PRESIDENT CORPORATE SEAL Countersigned: Standard Registrar & Transfer Company, Inc.EX-10.1

Exhibit 10.1

DFC GLOBAL CORP.

SECOND AMENDMENT TO 

SECOND AMENDED AND RESTATED 

CREDIT AGREEMENT 

This SECOND AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (this
“Second Amendment Agreement”) is dated December 31, 2012, and entered into by and among DFC
GLOBAL CORP., a Delaware corporation, f/k/a DOLLAR FINANCIAL CORP. (“Holdings”), DOLLAR
FINANCIAL GROUP, INC., a New York corporation (“DFG” and together with any entity joined
from time to time as a Borrower pursuant to the Credit Agreement referred to below, collectively,
the “US Borrowers” and each a “US Borrower”), NATIONAL MONEY MART COMPANY, an
unlimited company organized under the laws of the Province of Nova Scotia, Canada (the
“NMM”), DOLLAR FINANCIAL U.K. LIMITED, a limited liability company incorporated under the
laws of England and Wales with registered number 03701758 (“Dollar UK”), INSTANT CASH LOANS
LIMITED, a limited liability company incorporated under the laws of England with a registered
number of 02685515 (“ICL” and together with Dollar UK, NMM and any entity joined from time
to time as a Borrower pursuant to the Credit Agreement referred to below, collectively, the
“Non-US Borrowers” and each a “Non-US Borrower” and the Non-US Borrowers together
with the US Borrowers, collectively, the “Borrowers”), any entity joined from time to time
as an Additional Borrower or as a Non-Loan Party Borrower pursuant to the Credit Agreement referred
to below, WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, as
Administrative Agent and as Security Trustee for the Lenders under the Credit Agreement referred to
below (in such capacity, the “Administrative Agent”), and the Lenders party hereto,
comprising Required Lenders under the Credit Agreement (the “Amendment Lenders”).

RECITALS

WHEREAS, pursuant to that certain Second Amended and Restated Credit Agreement dated as of
March 3, 2011, by and among Holdings, the Borrowers, the Lenders, the Administrative Agent and
various other parties thereto, as amended by a First Amendment to Second Amended and Restated
Credit Agreement dated December 23, 2011 (as amended, restated, supplemented or otherwise modified
form time to time, the “Credit Agreement”), the Lenders agreed, inter alia, to extend various
credit facilities to the Borrowers. Capitalized terms used herein without duplication shall have
the same meanings set forth in the Credit Agreement.

WHEREAS, the Borrowers have requested and the Administrative Agent and the Amendment Lenders
have agreed, upon the terms and subject to the conditions set forth herein, to those certain
amendments and modifications to the Credit Agreement set forth herein.

NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, and for other credit accommodations given or to be given to the Borrowers by the
Lenders from time to time, the parties hereto agree as follows:

1. Amendment to Section 1.1 of the Credit Agreement. The following definitions are
hereby added to Section 1.1 of the Credit Agreement to read in its entirety as follows:

“Consolidated SPE”: an SPE which, pursuant to GAAP, is required to be consolidated
with the other Group Members in the calculation of any financial covenant set forth in Section 7.1
hereof

“Consolidated SPE Financing”: Any Non-Recourse CLP Financing in which the “SPE” is a
“Consolidated SPE” and for which the Administrative Agent has received an opinion of legal counsel
to the Group Members, in form and substance reasonably satisfactory to the Administrative Agent,
opining as to both the entity’s status as an SPE and the financing’s status as a Non-Recourse CLP
Financing.

“Consolidated SPE Indebtedness”: Indebtedness incurred by a Consolidated SPE pursuant
to a Consolidated SPE Financing.

2. Amendment to Section 7.1 of the Credit Agreement. Section 7.1 of the Credit
Agreement is hereby amended by adding the following sentence at the end of such Section:

“Notwithstanding the consolidation of any Consolidated SPE with the Group Members, for
purposes of calculating each of the financial covenants set forth in this Section 7.1 the
effects of any Consolidated SPE Financing shall be excluded from such calculations.”

3. Amendment to Section 7.2 of the Credit Agreement. Section 7.2 of the Credit
Agreement is hereby amended by adding the following sentence at the end of such Section:

“In addition to the other restrictions set forth in Section 7.2 above, and notwithstanding
any provision of Section 7.2 which would otherwise permit the incurrence of Indebtedness by
any Consolidated SPE, the Borrowers shall not permit any Consolidated SPE to incur any
Indebtedness other than Consolidated SPE Indebtedness, and Consolidated SPEs may incur
Consolidated SPE Indebtedness but only to the extent that the aggregate principal amount of
all Consolidated SPE Indebtedness outstanding does not exceed $250,000,000 following such
incurrence.”

4. Representations and Warranties. Each of the Loan Parties hereby represents and
warrants to the Administrative Agent and the Lenders that: (a) the representations and warranties
set forth in the Credit Agreement and Loan Documents to which they are party are true and correct
in all material respects as of the date hereof, except those representations and warranties made as
of a date certain which remain true and correct in all material respects as of such date (b) after
giving effect to the amendments provided in this Second Amendment Agreement, there is no Default or
Event of Default under the Credit Agreement; (c) each Loan Party has the corporate, limited
liability company power or other power necessary to execute, deliver this Second Amendment
Agreement, to the extent each is a party thereto; and (d) the execution, delivery and performance
of this Second Amendment Agreement have been duly authorized by the applicable governing body of
each Loan Party, and when executed, this Second Amendment Agreement will constitute the valid,
binding and enforceable obligations of each Loan Party subject to applicable bankruptcy,
reorganization, moratorium or other laws affecting creditors’ rights generally and subject to
general principles of equity.

5. No Consent or Waiver. Nothing in this Second Amendment Agreement nor any
communication between the Administrative Agent, any Lender, any Group Member or any of their
respective officers, agents, employees or representatives shall be deemed to constitute a waiver
of: (a) any Default or Event of Default, including, without limitation, an Default or Event of
Default arising as a result of the foregoing representation proving to be false or incorrect; or
(b) any rights or remedies which the Administrative Agent or any Lender has against any Group
Members under the Credit Agreement or any other Loan Document and/or applicable law, with respect
to any such Default or Event of Default.

6. Further Agreements and Representations. Each of the Loan Parties hereby, jointly
and severally:

(a) ratifies, confirms and acknowledges that the Credit Agreement, as amended hereby,
and all other Loan Documents to which it is party continue to be valid, binding and in full
force and effect as of the date hereof, and enforceable in accordance with their terms
subject to applicable bankruptcy, reorganization, moratorium or other laws affecting
creditors’ rights generally and subject to general principles of equity;

(b) covenants and agrees to perform all of their respective obligations under the
Credit Agreement, as amended hereby, and all other Loan Documents to which it is party;

(c) acknowledges and agrees that as of the date hereof, no Loan Party has any defense,
set-off, counterclaim or challenge against the payment of any sums owing to the
Administrative Agent or the Lenders or the enforcement of any of the terms of the Credit
Agreement, as amended hereby, or any of the other Loan Documents to which it is party;

(d) acknowledges and agrees that all Loans presently or hereafter outstanding under the
Loan Documents shall continue to be secured by the Collateral granted by it;

(e) acknowledges and agrees that this Second Amendment Agreement does not constitute a
novation of the Loans;

(f) ratifies, confirms and continues all rights and remedies granted by the Loan
Parties to the Administrative Agent and the Lenders in the Loan Documents to which it is
party; and

(g) ratifies and confirms all waivers made by the Loan Parties in the Loan Documents to
which it is party.

7. Conditions to Effectiveness of this Second Amendment Agreement. The Administrative
Agent’s and the Amendment Lenders’ obligations hereunder are conditioned upon the satisfaction by
the Loan Parties of the following conditions precedent:

(a) receipt by the Administrative Agent of this Second Amendment Agreement, duly
executed by each of the Loan Parties and Required Lenders; and

(b) receipt by the Administrative Agent of such additional agreements, instruments,
documents, writings and actions as the Administrative Agent and the Amendment Lenders may
reasonably request.

8. Miscellaneous.

(a) No reference to this Second Amendment Agreement need be made in the Credit
Agreement or in any other Loan Document.

(b) This Second Amendment Agreement shall bind and inure to the benefit of the parties
hereto and their respective heirs, executors, administrators, successors and assigns;
provided, however, that no Loan Party shall assign its rights or obligations under this
Second Amendment Agreement.

(c) This Second Amendment Agreement shall be governed by and construed in accordance
with the laws of the State of New York without reference to the choice of law doctrine of
the State of New York.

(d) This Second Amendment Agreement may be executed in any number of counterparts with
the same effect as if all the signatures on such counterparts appeared on one document and
each such counterpart shall be deemed an original. Any signature on this Second Amendment
Agreement, delivered by any party by electronic transmission shall be deemed to be an
original signature thereto.

(e) To the extent of any inconsistency between the terms and conditions of this Second
Amendment Agreement and the terms and conditions of the Loan Documents, the terms and
conditions of this Second Amendment Agreement shall prevail. All terms and conditions of
the Credit Agreement and any other Loan Documents not inconsistent herewith shall remain in
full force and effect.

(f) This Second Amendment Agreement is the entire agreement between the parties
relating to the subject matter hereof, incorporates or rescinds all prior agreements and
understandings between the parties hereto relating to the subject matter hereof, cannot be
changed or terminated orally or by course of conduct, and shall be deemed effective as of
the date it is accepted by the Administrative Agent.

(g) Except as expressly set forth herein, neither the execution, delivery or
performance of this Second Amendment Agreement, nor anything contained herein, shall be
construed as or shall operate as a course of conduct, course of dealing or a consent to or
waiver of any provision of, or any right, power or remedy of the Administrative Agent or any
Lender under, the Credit Agreement, any Loan Document or the agreements and documents
executed in connection therewith.

[remainder of page intentionally left blank]

IN WITNESS WHEREOF, the parties hereto have caused this Second Amendment to second
Amended and Restated Credit Agreement to be duly executed as of the date first above written.

	 
	DFC GLOBAL CORP. f/k/a DOLLAR FINANCIAL CORP.

	By: /s/ Randy Underwood

	 

	Name: Randy Underwood

Title: Executive Vice President and Chief Financial

Officer

	DOLLAR FINANCIAL GROUP, INC.

	By: /s/ Randy Underwood

	 

	Name: Randy Underwood

Title: Executive Vice President and Chief Financial Officer

	NATIONAL MONEY MART COMPANY

	By: /s/ Randy Underwood

	 

	Name: Randy Underwood

Title: Executive Vice President and Chief Financial Officer

	DOLLAR FINANCIAL U.K. LIMITED

	By: /s/ Randy Underwood

	 

	Name: Randy Underwood

Title: Director

	INSTANT CASH LOANS LIMITED

	By: /s/ Randy Underwood

	 

	Name: Randy Underwood

Title: Director

1

2

	 
	WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent, as Security
	Trustee, and as a Lender
	By:	 	/s/ Matthew Siefer
	 	 	Name: Matthew Siefer
	 	 	Title Senior Vice President

3

	 
	Bank of Montreal,
	as a Lender
	By: /s/ Richard Eldridge
	Name: Richard Eldridge
	Title: Director, Corporate Finance
	Barclays Bank PLC,
	as a Lender
	By: /s/ Alycia Borys
	Name: Alycia Borys
	Title: Vice President
	Credit Suisse AG, Cayman Islands Branch,
	as a Lender
	By: /s/ Doreen Barr
	Name: Doreen Barr
	Title: Director
	By: /s/ Michael Spaight
	Name: Doreen Barr
	Title: Associate

4

	 
	DEUTSCHE BANK AG, NEW YORK BRANCH,
	as a Lender
	By: /s/ Evelyn Thierry
	Name: Evelyn Thierry
	Title: Director
	By: /s/ Courtney E. Meehan
	Name: Courtney E. Meehan
	Title: Vice President
	NOMURA INTERNATIONAL PLC,
	as a Lender
	By: /s/ Sean P. Kelly
	Name: Sean P. Kelly
	Title: Managing Director
	U.S. Bank National Association,
	as a Lender
	By: /s/ Stephen H. Smith
	Name: Stephen H. Smith
	Title: Vice President
	ACKNOWLEDGMENT OF AND CONSENT AND AGREEMENT TO SECOND AMENDMENT TO SECOND AMENDED AND RESTATED
	CREDIT AGREEMENT

December 31, 2012

Each of the undersigned (each a “Guarantor”) hereby: (a) consent to the terms of the foregoing
Second Amendment to Second Amended and Restated Credit Agreement (the “Second Amendment
Agreement”), and ratify, affirm, reaffirm and confirm all provisions of each Loan Document to which
such Guarantor is a party (as to any Guarantor, the “Guarantor Documents”), including, but not
limited to, any jury trial waivers contained therein; (b) certifies that: (i) the Guarantor
Documents to which it is a party secures all Obligations described therein; (ii) as of the date
hereof, there exists no defenses, offsets or counterclaims to such Guarantor’s obligations under
the related Guarantor Documents; and (iii) as of the date hereof, no defaults exist under any such
Guarantor Documents; and (c) remise, release, acquit, satisfy and forever discharge the Agent and
the Lenders, their agents, employees, officers, directors, attorneys and all others acting on
behalf of or at the direction of the Agent and the Lenders (“Releasees”), of and from any and all
manner of actions, causes of action, suit, debts, accounts, covenants, contracts, controversies,
agreements, variances, damages, judgments, claims and demands whatsoever, in law or in equity,
which any of such parties ever had, now has or, to the extent arising from or in connection with
any act, omission or state of facts taken or existing on or prior to the date hereof, may have
after the date hereof against the Releasees, arising from the Credit Agreement and the transactions
contemplated thereby through the date hereof. Without limiting the generality of the foregoing,
the Guarantors’ waive and affirmatively agree not to allege or otherwise pursue any defenses,
affirmative defenses, counterclaims, claims, causes of action, setoffs or other rights it does,
shall or, to the extent arising from or in connection with any act, omission or state of facts
taken or existing on or prior to the date hereof, may have as of the date hereof arising from the
Credit Agreement and the transactions contemplated thereby, including, but not limited to, the
rights to contest any conduct of the Agent and the Lenders or other Releasees pursuant thereto on
or prior to the date hereof. Capitalized terms used above, but not defined herein, shall have the
meanings given to such terms under the Second Amendment Agreement.

[REMAINDER OF PAGE LEFT INTENTIONALLY BLANK]

5

IN WITNESS WHEREOF, each Guarantor has caused this Acknowledgment of and Consent and Agreement
to Second Amendment to Second Amended and Restated Credit Agreement to be executed by its duly
authorized officer as of the date first written above.

DFC GLOBAL CORP.

DOLLAR FINANCIAL GROUP, INC.

DOLLAR FINANCIAL U.S., INC.

DEALERS’ FINANCIAL HOLDINGS, INC.

DFG CANADA, INC.

DFG INTERNATIONAL, INC.

DFG WORLD, INC.

MONETARY MANAGEMENT OF CALIFORNIA, INC.

CHECK MART OF FLORIDA, INC.

FINANCIAL EXCHANGE COMPANY OF OHIO, INC.

MONETARY MANAGEMENT OF MARYLAND, INC.

DEALERS’ FINANCIAL SERVICES, LLC

CHECK MART OF LOUISIANA, INC.

MONEY MART EXPRESS, INC.

CHECK MART OF NEW MEXICO, INC.

LOAN MART OF OKLAHOMA, INC.

CHECK MART OF PENNSYLVANIA, INC.

FINANCIAL EXCHANGE COMPANY OF PITTSBURGH, INC.

FINANCIAL EXCHANGE COMPANY OF PENNSYLVANIA, INC.

PACIFIC RING ENTERPRISES, INC.

FINANCIAL EXCHANGE COMPANY OF VIRGINIA, INC.

MONEYMART, INC.

By: /s/ Randy Underwood

Name: Randy Underwood

Title: Executive Vice President

and Chief Financial Officer

DOLLAR FINANCIAL U.K. LIMITED

INSTANT CASH LOANS LIMITED

By: /s/ Randy Underwood

Name: Randy Underwood

Title: Director

NATIONAL MONEY MART COMPANY

656790 B.C. LTD.

MONEY MART CANADA INC.

MONEY CARD CORP.

ADVANCE CANADA INC.

By:  /s/ Randy Underwood

Name: Randy Underwood

Title: Executive Vice President and

Chief Financial Officer

DOLLAR FINANCIAL LUXEMBOURG

By: /s/ Roy W. Hibberd

Name: Roy W. Hibberd

Title: Director

6

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