Document:

QuickLinks
 -- Click here to rapidly navigate through this document

Exhibit 10.2  

 
  DOLLAR FINANCIAL CORP.    
    
    2004 STOCK INCENTIVE PLAN    
    

        1.    Purposes of the Plan.    The purposes of this Plan are: 

        (a)   to
attract and retain the best available personnel for positions of substantial responsibility, 

        (b)   to
provide additional incentive to selected key Employees, Consultants and Directors, and 

        (c)   to
promote the success of the Company's business. 

        2.    Definitions.    For the purposes of this Plan, the following terms will have the following meanings: 

        (a)   "Administrator" means the Board or any of its Committees that administer the Plan, in accordance with Section 4. 

        (b)   "Applicable Laws" means the legal requirements relating to the administration of and issuance of securities under stock
incentive plans, including, without limitation, the requirements of state corporations law, federal and state securities law, federal and state tax law, and the requirements of any stock exchange or
quotation system upon which the Shares may then be listed or quoted. For all purposes of this Plan, references to statutes and regulations shall be deemed to include any successor statutes and
regulations, to the extent reasonably appropriate as determined by the Administrator. 

        (c)   "Board" means the Board of Directors of the Company. 

        (d)   "Cause" shall have the meaning set forth in a Grantee's employment or consulting agreement with the Company (if any), or
if not defined therein, shall mean (i) acts or omissions by the Grantee which constitute intentional material misconduct or a knowing violation of a material policy of the Company or any of its
subsidiaries, (ii) the Grantee personally receiving a benefit in money, property or services from the Company or any of its subsidiaries or from another person dealing with the Company or any
of its subsidiaries, in material violation of applicable law or Company policy, (iii) an act of fraud, conversion, misappropriation, or embezzlement by the Grantee or his conviction of, or
entering a guilty plea or plea of no contest with respect to, a felony, or the equivalent thereof (other than DUI), or (iv) any material misuse or improper disclosure of confidential or
proprietary information of the Company. 

        (e)   "Code" means the Internal Revenue Code of 1986, as amended. For all purposes of this Plan, references to Code sections
shall be deemed to include any successor Code sections, to the extent reasonably appropriate as determined by the Administrator. 

        (f)    "Committee" means a Committee appointed by the Board in accordance with Section 4. 

        (g)   "Common Stock" means the common stock, $0.001 par value per share, of the Company. 

        (h)   "Company" means Dollar Financial Corp., a Delaware corporation. 

        (i)    "Consultant" means any natural person, including an advisor, engaged by the Company or a Parent or Subsidiary to render
bona fide services and who is compensated for such services, provided that the term "Consultant" does not include (i) Employees or (ii) Directors who are paid only a director's fee by
the Company or who are not compensated by the Company for their services as Directors or (iii) any person who provides services in connection with the offer or sale of securities in a
capital-raising transaction, or who directly or indirectly promotes or maintains a market for the securities of the Company. 

        (j)    "Continuous Status as an Employee, Director or Consultant" means that the employment, director or consulting relationship
is not interrupted or terminated by the Company, any Parent or Subsidiary, or by the Employee, Director or Consultant. Continuous Status as an 

 

Employee,
Director or Consultant will not be considered interrupted in the case of: (i) any leave of absence approved by the Board or required by Applicable Law, including sick leave, military
leave, or any other personal leave, provided, that for purposes of Incentive Stock Options, any such leave may not exceed 90 days, unless
reemployment upon the expiration of such leave is guaranteed by contract (including certain Company policies) or statute; (ii) transfers between locations of the Company or between the Company,
its Parent, its Subsidiaries or its successor, or (iii) in the case of a Nonqualified Stock Option or Stock Award, the ceasing of a person to be an Employee while such person remains a Director
or Consultant, the ceasing of a person to be a Director while such person remains an Employee or Consultant, or the ceasing of a person to be a Consultant while such person remains an Employee or
Director. 

        (k)   "Director" means a member of the Board. 

        (l)    "Disability" means total and permanent disability as defined in Section 22(e)(3) of the Code. 

        (m)  "Employee" means any person, including Officers and Directors employed as a common law employee by the Company or any
Parent or Subsidiary of the Company. Neither service as a Director nor payment of a director's fee by the Company will be sufficient, in and of itself, to constitute "employment" by the Company. 

        (n)   "Exchange Act" means the Securities Exchange Act of 1934, as amended. 

        (o)   "Fair Market Value" means, as of any date, the value of Common Stock determined as follows: 

          (i)  If
the Common Stock is listed on any established stock exchange or a national market system, including, without limitation, NASDAQ, the Fair Market Value of a Share of
Common Stock will be (A) the closing sales price for such stock (or the closing bid, if no sales are reported) as quoted on that system or exchange (or the system or exchange with the greatest
volume of trading in Common Stock) on the last market trading day prior to the day of determination, or (B) any sales price for such stock (or the closing bid, if no sales are reported) as
quoted on that system or exchange (or the system or exchange with the greatest volume of trading in Common Stock) on the day of determination, as the Administrator may select, as reported in the  Wall Street
Journal or any other source the Administrator considers reliable. 

         (ii)  If
the Common Stock is regularly quoted by recognized securities dealers but selling prices are not reported, the Fair Market Value of a Share of Common Stock will be
the mean between the high bid and low asked prices for the Common Stock on (A) the last market trading day prior to the day of determination, or (B) the day of determination, as the
Administrator may select, as reported in the Wall Street Journal or any other source the Administrator considers reliable. 

        (iii)  If
the Common Stock is not traded as set forth above, the Fair Market Value will be determined in good faith by the Administrator with reference to the earnings
history, book value and prospects of the Company in light of market conditions generally, and any other factors the Administrator considers appropriate, such determination by the Administrator to be
final, conclusive and binding. 

        (p)   "Family Member" means any child, stepchild, grandchild, parent, stepparent, grandparent, spouse, former spouse, sibling,
niece, nephew, mother-in-law, father-in-law, son-in-law, daughter-in-law,
brother-in-law, or sister-in-law, including adoptive relationships, any person sharing the Grantee's household (other than a tenant or employee), a
trust in which these persons 

2

 

(or
the Grantee) control the management of assets, and any other entity in which these persons (or the Grantee) own more than 50% of the voting interests. 

        (q)   "Grant Notice" shall mean a written notice evidencing certain terms and conditions of an individual Option grant. The
Grant Notice is part of the Option Agreement. 

        (r)   "Grantee" shall mean (i) any Optionee or (ii) any Employee, Consultant or Director to whom a Stock Award
has been granted pursuant to this Plan. 

        (s)   "Incentive Stock Option" means an Option intended to qualify as an incentive stock option within the meaning of
Section 422 of the Code and the regulations promulgated thereunder. 

        (t)    "NASDAQ" means the Nasdaq Stock Market, Inc. 

        (u)   "Nonqualified Stock Option" means an Option not intended to qualify as an Incentive Stock Option. 

        (v)   "Officer" means a person who is an officer of the Company within the meaning of Section 16 of the Exchange Act and
the rules and regulations promulgated thereunder. 

        (w)  "Option" means a stock option granted under this Plan. 

        (x)   "Option Agreement" means a written agreement between the Company and an Optionee evidencing the terms and conditions of
an individual Option grant. Each Option Agreement is subject to the terms and conditions of this Plan. 

        (y)   "Optioned Stock" means the Common Stock subject to an Option. 

        (z)   "Optionee" means an Employee, Consultant or Director who holds an outstanding Option. 

        (aa) "Parent" means a "parent corporation" with respect to the Company, whether now or later existing, as defined in
Section 424(e) of the Code. 

        (bb) "Plan" means this 2004 Stock Incentive Plan. 

        (cc) "Section" means, except as otherwise specified, a section of this Plan. 

        (dd) "Share" means a share of the Common Stock, as adjusted in accordance with Section 15. 

        (ee) "Stock Award" shall mean a grant or sale by the Company of a specified number of Shares upon terms and conditions
determined by the Administrator. 

        (ff)  "Subsidiary" means (i) a "subsidiary corporation" with respect to the Company, whether now or later existing, as
defined in Section 424(f) of the Code, or (ii) a limited liability company, whether now or later existing, which would be a "subsidiary corporation" with respect to the Company under
Section 424(f) of the Code if it were a corporation. 

        3.    Stock Subject to the Plan.    Subject to the provisions of Section 15 of the Plan, the maximum aggregate
number of Shares which may be issued under the Plan will be             Shares of Common Stock. The Shares may be authorized, but unissued, or reacquired Common Stock. 

        If
an Option expires or becomes unexercisable without having been exercised in full, or if a Stock Award shall be cancelled or surrendered or expire for any reason without having been
received in full, the Shares that were not purchased or received or that were cancelled will become available for future grant or sale under the Plan (unless the Plan has terminated). If the Company
purchases Shares which were issued pursuant to the exercise of an Option or grant of a Stock Award, however, those purchased Shares will not be available for future grant under the Plan. 

3

 

        4.    Administration of the Plan.    

        (a)    Procedure.    

        (i)    Composition of the Administrator.    The Plan will be administered by (A) the Board, or (B) a
Committee designated by the Board, which Committee will be constituted to satisfy Applicable Laws. Once appointed, a Committee will serve in its designated capacity until otherwise directed by the
Board. The Board may increase the size of the Committee and appoint additional members, remove members (with or without cause) and substitute new members, fill vacancies (however caused), and remove
all members of the Committee and thereafter directly administer the Plan. Notwithstanding the foregoing, unless the Board expressly resolves to the contrary, from and after such time as the Company is
registered pursuant to Section 12 of the Exchange Act, the Plan will be administered only by a Committee, which will then consist solely of persons who are both "non-employee
directors" within the meaning of Rule 16b-3 promulgated under the Exchange Act and "outside directors" within the meaning of Section 162(m) of the Code; provided, however,
the failure of the Committee to be composed solely of individuals who are both "non-employee directors" and "outside directors" shall not render ineffective or void any awards or grants
made by, or other actions taken by, such Committee. 

        (ii)    Multiple Administrative Bodies.    The Plan may be administered by different bodies with respect to Directors,
Officers who are not Directors, and Employees and Consultants who are neither Directors nor Officers. 

        (b)    Powers of the Administrator.    Subject to the provisions of the Plan, and in the case of a Committee, subject
to the specific duties delegated by the Board to that Committee, the Administrator will have the authority, in its discretion: 

          (i)  to
determine the Fair Market Value of the Common Stock, in accordance with Section 2(o); 

         (ii)  to
select the Consultants, Employees or Directors to whom Options or Stock Awards may be granted; 

        (iii)  to
determine whether and to what extent Options or Stock Awards are granted, and whether Options are intended as Incentive Stock Options or Nonqualified Stock Options; 

        (iv)  to
determine the number of Shares to be covered by each Option or Stock Award granted; 

         (v)  to
approve forms of Grant Notices, Option Agreements and agreements governing Stock Awards; 

        (vi)  to
determine the terms and conditions, not inconsistent with the terms of this Plan, of any grant of Options or Stock Awards, including, but not limited to,
(A) the Options' exercise price, (B) the time or times when Options may be exercised or Stock Awards will be vested, which may be based on performance criteria or other reasonable
conditions such as Continuous Status as an Employee, Director or Consultant, (C) any vesting acceleration or waiver of forfeiture restrictions, and any restriction or limitation regarding any
Option, Optioned Stock or Stock Award, based in each case on factors that the Administrator determines in its sole discretion, including but not limited to a requirement subjecting the Optioned Stock
or Shares to (1) certain restrictions on transfer (including without limitation a prohibition on transfer for a specified period of time and/or a right of first refusal in favor of the
Company), and (2) a right of repurchase in favor of the Company upon termination of the Grantee's Continuous Status as an Employee, Director or Consultant; 

4

  

       (vii)  to
determine the terms and restrictions applicable to Options or Stock Awards; 

      (viii)  to
modify or amend each Option or Stock Award, subject to Section 17(c); 

        (ix)  to
authorize any person to execute on behalf of the Company any instrument required to effect the grant of an Option previously granted by the Administrator; 

         (x)  to
accelerate the vesting or exercisability of an Option or Stock Award; 

        (xi)  to
construe and interpret the terms of this Plan; 

       (xii)  to
prescribe, amend, and rescind rules and regulations relating to the administration of this Plan; and 

      (xiii)  to
make all other determinations it considers necessary or advisable for administering this Plan. 

        (c)    Effect of Administrator's Decision.    The Administrator's decisions, determinations and interpretations will
be final and binding on all holders of Options or Stock Awards. The Administrator shall not be required to exercise its authority or discretion on a uniform or nondiscriminatory basis. 

        5.    Eligibility.    Options granted under this Plan may be Incentive Stock Options or Nonqualified Stock Options, as
determined by the Administrator at the time of grant. Nonqualified Stock Options and Stock Awards may be granted to Employees, Consultants and Directors. Incentive Stock Options may be granted only to
Employees; provided, however, that Incentive Stock Options shall not be granted to Employees of a Subsidiary that is a limited liability company unless such limited liability company is wholly-owned
by the Company or by a Subsidiary that is a corporation. If otherwise eligible, an Employee, Consultant or Director who has been granted an Option or a Stock Award may be granted additional Options or
Stock Awards. 

        6.    Limitations on Grants of Incentive Stock Options.    Each Option will be designated in the Grant Notice as
either an Incentive Stock Option or a Nonqualified Stock Option. However, notwithstanding such designations, if the Shares subject to an Optionee's Incentive Stock Options (granted under all plans of
the Company or any Parent or Subsidiary), which become exercisable for the first time during any calendar year, have a Fair Market Value in excess of $100,000, the Options accounting for this excess
will be treated as Nonqualified Stock Options. For purposes of this Section 6, Incentive Stock Options will be taken into account in the order in which they were granted, and the Fair Market
Value of the Shares will be determined as of the time of grant. 

        7.    Limit on Annual Grants to Individuals.    From and after such time as the Company is required to be registered
pursuant to Section 12 of the Exchange Act, no Optionee may receive grants, during any fiscal year of the Company or portion thereof, of Options which, in the aggregate, cover more
than             Shares, subject to adjustment as provided in Section 15. If an Option expires or terminates for any reason without having been exercised in full, the unpurchased
shares subject to that expired or terminated Option will continue to count against the maximum numbers of shares for which Options may be granted to an Optionee during any fiscal year of the Company
or portion thereof. 

        8.    Term of the Plan.    Subject to Section 21, this Plan will become effective upon the earlier to occur of
its adoption by the Board or its approval by the shareholders of the Company as described in Section 21. It will continue in effect for a term of ten years unless terminated earlier under
Section 17. Unless otherwise provided in this Plan, its termination will not affect the validity of any Option or Stock Award outstanding at the date of termination, which shall continue to be
governed by the terms of this Plan as though it remained in effect. 

        9.    Term of Option.    The term of each Option will be stated in the Option Agreement;  provided, however, that in no event may the term be more than ten years from the date of grant. In
addition, in 

5

 

the
case of an Incentive Stock Option granted to an Optionee who, at the time the Incentive Stock Option is granted, owns stock representing more than 10% of the voting power of all classes of capital
stock of the Company or any Parent or Subsidiary, the term of the Incentive Stock Option will be five years from the date of grant or any shorter term specified in the Option Agreement. 

        10.    Option Exercise Price and Consideration.    

        (a)    Exercise Price of Incentive Stock Options.    The exercise price for Shares to be issued pursuant to exercise
of an Incentive Stock Option will be determined by the Administrator provided that the per Share exercise price will be no less than 100% of the Fair Market Value per Share on the date of grant;
provided, further that in the case of an Incentive Stock Option granted to an Employee who, at the time the Incentive Stock Option is granted, owns stock representing more than 10% of the voting
power of all classes of capital stock of the Company or any Parent or Subsidiary, the per Share exercise price will be no less than 110% of the Fair Market Value per Share on the date of grant. 

        (b)    Exercise Price of Nonqualified Stock Options.    In the case of a Nonqualified Stock Option, the exercise price
for Shares to be issued pursuant to the exercise of any such Option will be determined by the Administrator. 

        (c)    Waiting Period and Exercise Dates.    At the time an Option is granted, the Administrator will fix the period
within which the Option may be exercised and will determine any conditions which must be satisfied before the Option may be exercised. Exercise of an Option may be conditioned upon performance
criteria or other reasonable conditions such as Continuous Status as an Employee, Director or Consultant. 

        (d)    Form of Consideration.    The Administrator will determine the acceptable form of consideration for exercising
an Option, including the method of payment. Such consideration may consist partially or entirely of: 

          (i)  cash;

         (ii)  to
the extent permitted by Applicable Law, a promissory note made by the Optionee in favor of the Company; 

        (iii)  other
Shares which have a Fair Market Value on the date of surrender equal to the aggregate exercise price of the Shares as to which an Option will be exercised; 

        (iv)  delivery
of a properly executed exercise notice together with any other documentation as the Administrator and the Optionee's broker, if applicable, require to effect
an exercise of the Option and delivery to the Company of the proceeds required to pay the exercise price; or 

         (v)  any
other consideration and method of payment for the issuance of Shares to the extent permitted by Applicable Laws. 

        11.    Exercise of Option.    

        (a)    Procedure for Exercise; Rights as a Shareholder.    Any Option granted hereunder will be exercisable according
to the terms of the Plan and at times and under conditions determined by the Administrator and set forth in the Option Agreement; provided,  however, that
an Option may not be exercised for a fraction of a Share. 

        An
Option will be deemed exercised when the Company receives: (i) written notice of exercise (in accordance with the Option Agreement) from the person entitled to exercise the
Option, (ii) full payment for the Shares with respect to which the Option is exercised, and (iii) all representations, indemnifications and documents reasonably requested by the
Administrator. Full 

6

 

payment
may consist of any consideration and method of payment authorized by the Administrator and permitted by the Option Agreement and this Plan. Shares issued upon exercise of an Option will be
issued in the name of the Optionee or, if requested by the Optionee, in the name of the Optionee and his or her spouse. Until the stock certificate evidencing such Shares is issued (as evidenced by
the appropriate entry on the books of the Company or of a duly authorized transfer agent of the Company), no right to vote or receive dividends or any other rights as a shareholder will exist with
respect to the Optioned Stock, notwithstanding the exercise of the Option. Subject to the provisions of Sections 14, 18, and 19, the Company will issue (or cause to be issued) such stock certificate
promptly after the Option is exercised. No adjustment will be made for a dividend or other right for which the record date is prior to the date the stock certificate is issued, except as provided in
Section 15 of the Plan. Notwithstanding the foregoing, the Administrator in its discretion may require the Company to retain possession of any certificate evidencing Shares of Common Stock
acquired upon exercise of an Option, if those Shares remain subject to repurchase under the provisions of the Option Agreement or any other agreement between the Company and the Optionee, or if those
Shares are collateral for a loan or obligation due to the Company. 

        Exercising
an Option in any manner will decrease the number of Shares thereafter available, both for purposes of this Plan and for sale under the Option, by the number of Shares as to
which the Option is exercised. 

        (b)    Termination of Employment or Consulting Relationship or Directorship.    If an Optionee holds exercisable
Options on the date his or her Continuous Status as an Employee, Director or Consultant terminates (other than because of termination due to Cause, death or Disability), the Optionee may exercise the
Options that were vested and exercisable as of the date of termination for a period of 90 days following such termination (or such other period as is set forth in the Option Agreement or
determined by the Administrator). If the Optionee is not entitled to exercise his or her entire Option at the date of such termination, the Shares covered by the unexercisable portion of the Option
will revert to the Plan, unless otherwise set forth in the Option Agreement or determined by the Administrator. The Administrator may determine in its sole discretion that such unexercisable portion
of the Option will become exercisable at such times and on such terms as the Administrator may determine in its sole discretion. If the Optionee does not exercise an Option within the time specified
above after termination, that Option will expire, and the Shares covered by it will revert to the Plan, unless otherwise set forth in the Option Agreement or determined by the Administrator. 

        (c)    Disability of Optionee.    If an Optionee holds exercisable Options on the date his or her Continuous Status as
an Employee, Director or Consultant terminates because of Disability, the Optionee may exercise the Options that were vested and exercisable as of the date of termination for a period of twelve months
following such termination (or such other period as is set forth in the Option Agreement or determined by the Administrator). If the Optionee is not entitled to exercise his or her entire Option at
the date of death, the Shares covered by the unexercisable portion of the Option will revert to the Plan, unless otherwise set forth in the Option Agreement or determined by the Administrator. The
Administrator may determine in its sole discretion that such unexercisable portion of the Option will become exercisable at such times and on such terms as the Administrator may determine in its sole
discretion. If the Optionee's estate or a person who acquired the right to exercise the Option by bequest or inheritance does not exercise an Option within the time specified above after termination,
that Option will expire, and the Shares covered by it will revert to the Plan, unless otherwise set forth in the Option Agreement or determined by the Administrator. 

        (d)    Death of Optionee.    If an Optionee holds exercisable Options on the date his or her death, the Optionee's
estate or a person who acquired the right to exercise the Option by bequest or inheritance may exercise the Options that were vested and exercisable as of the date of death 

7

 

for
a period of twelve months following the date of death (or such other period as is set forth in the Option Agreement or determined by the Administrator). If the Optionee is not entitled to exercise
his or her entire Option at the date of death, the Shares covered by the unexercisable portion of the Option will revert to the Plan. 

        (e)    Termination for Cause.    If an Optionee's Continuous Status as an Employee, Director or Consultant is
terminated for Cause, then all Options (including any vested Options) held by Optionee shall immediately be terminated and cancelled. 

        (f)    Disqualifying Dispositions of Incentive Stock Options.    If Common Stock acquired upon exercise of any
Incentive Stock Option is disposed of in a disposition that, under Section 422 of the Code, disqualifies the holder from the application of Section 421(a) of the Code, the holder of the
Common Stock immediately before the disposition will comply with any requirements imposed by the Company in order to enable the Company to secure the related income tax deduction to which it is
entitled in such event. 

        12.    Non-Transferability of Options.    

        (a)    No Transfer.    An Option may not be sold, pledged, assigned, hypothecated, transferred, or disposed of in any
manner other than by will or by the laws of descent or distribution and may be exercised, during the lifetime of the Optionee, only by the Optionee. Notwithstanding the foregoing, to the extent that
the Administrator so authorizes at the time a Nonqualified Stock Option is granted or amended, (i) such Option may be assigned pursuant to a qualified domestic relations order as defined by the
Code, and exercised by the spouse or former spouse of the Optionee who obtained such Option pursuant to such qualified domestic relations order, or (ii) such Option may be assigned, in whole or
in part, during the Optionee's lifetime to one or more Family Members of the Optionee. Rights under the assigned portion may be exercised by the Family Member(s) who acquire a proprietary interest in
such Option pursuant to the assignment. The terms applicable to the assigned portion shall be the same as those in effect for the Option immediately before such assignment and shall be set forth in
such documents issued to the assignee as the Administrator deems appropriate. 

        (b)    Designation of Beneficiary.    An Optionee may file a written designation of a beneficiary who is to
receive any Options that remain unexercised in the event of the Optionee's death. If a participant is married and the designated beneficiary is not the spouse, spousal consent will be required for the
designation to be effective. The Optionee may change such designation of beneficiary at any time by written notice to the Administrator, subject to the above spousal consent requirement. 

        (c)    Effect of No Designation.    If an Optionee dies and there is no beneficiary validly designated and living at
the time of the Optionee's death, the Company will deliver such Optionee's Options to the executor or administrator of his or her estate, or if no such executor or administrator has been appointed (to
the knowledge of the Company), the Company, in its discretion, may deliver such Options to the spouse or to any one or more dependents or relatives of the Optionee, or if no spouse, dependent or
relative is known to the Company, then to such other person as the Company may designate. 

        (d)    Death of Spouse or Dissolution of Marriage.    If an Optionee designates his or her spouse as beneficiary, that
designation will be deemed automatically revoked if the Optionee's marriage is later dissolved. Similarly, any designation of a beneficiary will be deemed automatically revoked upon the death of the
beneficiary if the beneficiary predeceases the Optionee. Without limiting the generality of the preceding sentence, the interest in Options of a spouse of an Optionee who has predeceased the Optionee
or (except as provided in Section 12(a) regarding qualified domestic relations orders) whose marriage has been dissolved will automatically pass to the Optionee, and 

8

 

will
not be transferable by such spouse in any manner, including but not limited to such spouse's will, nor will any such interest pass under the laws of intestate succession. 

        13.    Stock Awards.    

        (a)    Grant.    Subject to the express provisions and limitations of the Plan, the Administrator, in its sole and
absolute discretion, may grant Stock Awards to Employees, Consultants or Directors for a number of shares of Common Stock on such terms and conditions and to such Employees, Consultants or Directors
as it deems advisable and specifies in the respective grants. Subject to the limitations and
restrictions set forth in the Plan, an Employee, Consultant or Director who has been granted an Option or Stock Award may, if otherwise eligible, be granted additional Options or Stock Awards if the
Administrator shall so determine. 

        (b)    Restrictions.    The Administrator, in its sole and absolute discretion, may impose restrictions in connection
with any Stock Award, including without limitation, (i) imposing a restricted period during which all or a portion of the Common Stock subject to the Stock Award may not be sold, assigned,
transferred, pledged or otherwise encumbered (the "Restricted Period"), (ii) providing for a vesting schedule with respect to such Common Stock
such that if a Grantee ceases to be an Employee, Consultant or Director during the Restricted Period, some or all of the shares of Common Stock subject to the Stock Award shall be immediately
forfeited and returned to the Company. The Administrator may, at any time, reduce or terminate the Restricted Period. Each certificate issued in respect of shares of Common Stock pursuant to a Stock
Award which is subject to restrictions shall be registered in the name of the Grantee, shall be deposited by the Grantee with the Company together with a stock power endorsed in blank and shall bear
an appropriate legend summarizing the restrictions imposed with respect to such shares of Common Stock. 

        (c)    Rights As Shareholder.    Subject to the terms of any agreement governing a Stock Award, the Grantee of a Stock
Award shall have all the rights of a shareholder with respect to the Common Stock issued pursuant to a Stock Award, including the right to vote such Shares; provided, however, that dividends or
distributions paid with respect to any such Shares which have not vested shall be deposited with the Company and shall be subject to forfeiture until the underlying Shares have vested unless otherwise
provided by the Administrator in its sole discretion. A Grantee shall not be entitled to interest with respect to the dividends or distributions so deposited. 

        14.    Withholding Taxes.    The Company will have the right to take whatever steps the Administrator deems necessary
or appropriate to comply with all applicable federal, state, local, and employment tax withholding requirements, and the Company's obligations to deliver Shares upon the exercise of an Option or in
connection with a Stock Award will be conditioned upon compliance with all such withholding tax requirements. Without limiting the generality of the foregoing, upon the exercise of an Option, the
Company will have the right to withhold taxes from any other compensation or other amounts which it may owe to the Optionee, or to require the Optionee to pay to the Company the amount of any taxes
which the Company may be required to withhold with respect to the Shares issued on such exercise. Without limiting the generality of the foregoing, the Administrator in its discretion may authorize
the Grantee to satisfy all or part of any withholding tax liability by (a) having the Company withhold from the Shares which would otherwise be issued in connection with a Stock Award or on the
exercise of an Option that number of Shares having a Fair Market Value, as of the date the withholding tax liability arises, equal to or less than the amount of the Company's withholding tax
liability, or (b) by delivering to the Company previously-owned and unencumbered Shares of the Common Stock having a Fair Market Value, as of the date the withholding tax liability arises,
equal to or less than the amount of the Company's withholding tax liability. 

9

 

        15.    Adjustments Upon Changes in Capitalization, Dissolution, Merger or Asset Sale.    

        (a)    Changes in Capitalization.    Subject to any required action by the shareholders of the Company, if the
outstanding shares of Common Stock are increased, decreased, changed into or exchanged for a different number or kind of shares or securities of the Company or a successor entity, or for other
property (including without limitation, cash), through reorganization, recapitalization, reclassification, stock combination, stock dividend, stock split, reverse stock split, spin off, extraordinary
corporate distribution or other similar transaction, an appropriate and proportionate adjustment will be made in the maximum number and kind of shares as to which Options and Stock Awards may be
granted under this Plan. The Administrator shall also, in its discretion, adjust the number or kind of shares or other property allocated in respect of Stock Awards or deliverable upon exercise of any
unexercised Options which have been granted prior to any such change. Any such adjustment in the outstanding Options will be made without change in the aggregate purchase price applicable to the
unexercised portion of the Options but with a corresponding adjustment in the price for each share or other unit of any security covered by the Option. Such adjustment will be made by the
Administrator, whose determination in that respect will be final, binding, and conclusive. 

        Where
an adjustment under this Section 15(a) is made to an Incentive Stock Option, the adjustment will be made in a manner which will not be considered a "modification" under the
provisions of subsection 424(h)(3) of the Code. 

        (b)    Dissolution or Liquidation.    In the event of the proposed dissolution or liquidation of the Company, to the
extent that an Option had not been previously exercised or a Stock Award had not previously vested, it will terminate immediately prior to the consummation of such proposed dissolution or liquidation.
In such instance, the Administrator may, in the exercise of its sole discretion, declare that any Stock Award shall become vested or any Option will terminate as of a date fixed by the Administrator
and give each Optionee the right to exercise his or her Option as to all or any part of the Optioned Stock, including Shares as to which the Option would not otherwise be exercisable. 

        (c)    Corporate Transaction.    Upon the happening of a merger, reorganization, extraordinary corporate distribution,
sale of a subsidiary or business unit or sale of substantially all of the assets of the Company, the Administrator, may, in its sole discretion, do one or more of the following: (i) shorten the
period during which Options are exercisable (provided they remain exercisable for at least 30 days after the date notice of such shortening is given to the Optionees); (ii) accelerate
any vesting schedule to which an Option or Stock Award is subject; (iii) arrange to have the surviving or successor entity or purchaser entity or any parent entity thereof assume the Stock
Awards and the Options or grant replacement options with appropriate adjustments in the option prices and adjustments in the number and kind of securities issuable upon exercise or adjustments so that
the Options or their replacements represent the right to purchase the shares of stock, securities or other property (including cash) as may be issuable or payable as a result of such transaction with
respect to or in exchange for the number of Shares of Common Stock purchasable and receivable upon exercise of the Options had such exercise occurred in full prior to such transaction;
(iv) cancel Options or Stock Awards upon payment to the Optionees or Grantees in cash, with respect to each Option or Stock Award to the extent then exercisable or vested (including, if
applicable, any Options or Stock Awards as to which the vesting schedule has been accelerated as contemplated in clause (ii) above), of an amount that is the equivalent of the excess of the
Fair Market Value of the Common Stock (at the effective time of the merger, reorganization, sale or other event) over (in the case of Options) the exercise price of the Option; or (v) make such
other adjustments to the consideration issuable upon exercise of Options and other terms of the Options as the Administrator deems appropriate in its sole and absolute 

10

 

discretion.
The Administrator may also provide for one or more of the foregoing alternatives in any particular Option Agreement or agreement governing a Stock Award. 

        16.    Date of Grant.    The date of grant of an Option or Stock Award will be, for all purposes, the date as of which
the Administrator makes the determination granting such Option or Stock Award, or any other, later date determined by the Administrator and specified in the Option Agreement. Notice of the
determination will be provided to each Grantee within a reasonable time after the date of grant. 

        17.    Amendment and Termination of the Plan.    

        (a)    Amendment and Termination.    The Board may at any time amend, alter or suspend or terminate the Plan. 

        (b)    Shareholder Approval.    The Company will obtain shareholder approval of any Plan amendment that increases the
number of Shares for which Options or Stock Awards may be granted, or to the extent necessary and desirable to comply with Section 422 of the Code (or any successor statute) or other Applicable
Laws, or the requirements of any exchange or quotation system on which the Common Stock is listed or quoted. Such shareholder approval, if required, will be obtained in such a manner and to such a
degree as is required by the Applicable Law or requirement. 

        (c)    Effect of Amendment or Termination.    No amendment, alteration, suspension or termination of the Plan will
impair the rights of a Grantee, unless mutually agreed otherwise between the Grantee and the Administrator. Any such agreement must be in writing and signed by the Grantee and the Company. 

        18.    Conditions Upon Issuance of Shares.    

        (a)    Legal Compliance.    Shares will not be issued in connection with a Stock Award or pursuant to the exercise of
an Option unless the exercise of such Option and the issuance and delivery of such Shares will comply with all Applicable Laws, and will be further subject to the approval of counsel for the Company
with respect to such compliance. Any securities delivered under the Plan will be subject to such restrictions, and the person acquiring such securities will, if requested by the Company, provide such
assurances and representations to the Company as the Company may deem necessary or desirable to assure compliance with all Applicable Laws. To the extent permitted by Applicable Laws, the Plan and
Options and Stock Awards granted hereunder will be deemed amended to the extent necessary to conform to such laws, rules and regulations. 

        (b)    Investment Representation.    As a condition to the exercise of an Option or grant of a Stock Award, the
Company may require the person exercising such Option or receiving such Stock Award to represent and warrant at the time of any such exercise or receipt that the Shares are being acquired only for
investment and without any present intention to sell, transfer, or distribute such Shares. 

        19.    Liability of Company.    

        (a)    Inability to Obtain Authority.    If the Company cannot, by the exercise of commercially reasonable efforts,
obtain authority from any regulatory body having jurisdiction for the sale of any Shares under this Plan, and such authority is deemed by the Company's counsel to be necessary to the lawful issuance
of those Shares, the Company will be relieved of any liability for failing to issue or sell those Shares. 

        (b)    Grants Exceeding Allotted Shares.    If the Optioned Stock covered by an Option or Shares subject to a Stock
Award exceed, as of the date of grant, the number of Shares which may be issued under the Plan without additional shareholder approval, that Option or Stock Award will be contingent with respect to
such excess Shares, unless and until shareholder approval of an 

11

 

amendment
sufficiently increasing the number of Shares subject to this Plan is timely obtained in accordance with Section 17(b). 

        (c)    Rights of Participants and Beneficiaries.    The Company will pay all amounts payable under this Plan only to
the Grantee, or beneficiaries entitled thereto pursuant to this Plan. The Company will not be liable for the debts, contracts, or engagements of any Grantee or his or her beneficiaries, and rights to
cash payments under this Plan may not be taken in execution by attachment or garnishment, or by any other legal or equitable proceeding while in the hands of the Company. 

        20.    Reservation of Shares.    The Company will at all times reserve and keep available for issuance a number of
Shares sufficient to satisfy this Plan's requirements during its term. 

        21.    Shareholder Approval.    Continuance of this Plan will be subject to approval by the shareholders of the
Company within 12 months before or after the date of its adoption. Such shareholder approval will be obtained in the manner and to the degree required under Applicable Laws. Options or Stock
Awards may be granted but Options may not be exercised prior to shareholder approval of the Plan. If any Options or Stock Awards are so granted and shareholder approval is not obtained within
12 months of the date of adoption of this Plan by the Board, those Options or Stock Awards will terminate retroactively as of the date they were granted. 

        22.    Legending Stock Certificates.    In order to enforce any restrictions imposed upon Common Stock issued in
connection with a Stock Award or upon exercise of an Option granted under this Plan or to which such Common Stock may be subject, the Administrator may cause a legend or legends to be placed on any
certificates representing such Common Stock, which legend or legends will make appropriate reference to such restrictions, including, but not limited to, a restriction against sale of such Common
Stock for any period of time as may be required by Applicable Laws. Additionally, and not by way of limitation, the Administrator may impose such restrictions on any Common Stock issued pursuant to
the Plan as it may deem advisable. 

        23.    No Employment Rights.    Neither this Plan nor any Option or Stock Award will confer upon a Grantee any right
with respect to continuing the Grantee's employment or consulting relationship with the Company, or continuing service as a Director, nor will they interfere in any way with the Grantee's right or the
Company's right to terminate such employment or consulting relationship or directorship at any time, with or without cause. 

        24.    Governing Law.    The Plan will be governed by, and construed in accordance with the laws of the State of
Delaware (without giving effect to conflicts of law principles). 

12

QuickLinks

DOLLAR FINANCIAL CORP. 2004 STOCK INCENTIVE PLANQuickLinks
 -- Click here to rapidly navigate through this document
  

Exhibit 10.3(B)  

 
  FIRST AMENDMENT
  TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT    
    

        THIS FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT (the "Amendment") is made and dated as of the 12TH day of April, 2004 by and
among DOLLAR FINANCIAL GROUP, INC., a New York corporation (the "Company"), DFG HOLDINGS, INC., a Delaware corporation (the "Parent"), the lenders currently party to the Credit Agreement
referred to below (the "Lenders"), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for the Lenders (in such capacity, the "Administrative Agent"). 

RECITALS  

        A.    Pursuant
to that certain Second Amended and Restated Credit Agreement dated as of November 13, 2003 by and among the Company, the Parent, the Lenders, the
Documentation Agent, the Syndication Agent and the Administrative Agent (as amended, extended and replaced from time to time, the "Credit Agreement," and with capitalized terms used herein and not
otherwise defined used with the meanings given such terms in the Credit Agreement), the Lenders agreed to extend credit to the Company on the terms and conditions set forth therein. 

        B.    The
Company and the Parent have informed the Administrative Agent and the Lenders of their intent to enter into the following transactions (collectively, the "IPO Related
Transactions"): 

        (1)   Pursuant
to the Senior Noteholder Indenture, the Company intends to issue an additional $20,000,000.00 in principal amount of Replacement Senior Notes (the "2004
Add-On Notes"). 

        (2)   The
Net Cash Proceeds of the issuance of the 2004 Add-On Notes, together with cash on hand and/or borrowings under the Credit Agreement, will be distributed
to the Parent in the form of a dividend, which will be used in its entirety by the Parent to redeem up to $20,000,000.00 in aggregate principal amount of New Parent Notes. 

        (3)   The
Parent intends to consummate an initial public offering of its common stock (the "IPO"). 

        (4)   The
Net Cash Proceeds of the IPO will be used by the Parent: (a) first, if the Parent subsequently determines to do so, to acquire certain debt obligations owed
to the Company by various employees of the Company or its Subsidiaries (the "Company-Owned Employee Debt Obligations"), (b) second, to redeem the remaining New Parent Notes (or such amount of
the New Parent Notes as can be redeemed using all of the remaining Net Cash Proceeds of the IPO), and (c) third, together with cash on hand at the Company and/or borrowings under the Credit
Agreement, if necessary, to pay to Leonard Green & Partners, L.P. (i) a termination fee of $2,500,000.00 in consideration of the early termination of the Management Services Agreement,
and (ii) accrued fees under the Management Services Agreement. 

        (5)   If
the Company-Owned Employee Debt Obligations are acquired by the Parent, the Company intends to forgive the accrued interest under such Company-Owned Employee Debt
Obligations simultaneously with such acquisition (and the Parent intends to forgive the accrued interest respecting an additional debt obligation of the Parent's chief executive officer owed to the
Parent) and the Parent intends to simultaneously accept employees' surrender of common stock of the Parent and/or stock options to acquire common stock of the Parent in full satisfaction of the
principal amount of all such obligations. 

        C.    The
Parent and the Company have asked the Administrative Agent and the Lenders to approve the IPO Related Transactions and to amend the Credit Agreement and certain of
the other Loan Documents in certain respects consistent with such approval. 

1

 

        D.    The
Administrative Agent and the Lenders have agreed to such request on the terms and subject to the conditions set forth more particularly below. 

        NOW,
THEREFORE, in consideration of the foregoing Recitals and for other good and valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto
hereby agree as follows: 

AGREEMENT  

        1.     To
reflect the agreement of the parties hereto to amend the Credit Agreement in certain respects to accommodate the IPO Related Transactions: 

        (a)   The
following new definitions are hereby added to the Glossary attached as Annex I to the Credit Agreement: 

        "'Parent IPO' shall mean the initial public offering of the common stock of the Parent." 

        "'2004 Add-On Senior Notes' shall mean those certain $20,000,000 9.75% Senior Notes due 2011 to be issued pursuant to the
Senior Noteholder Indenture in addition to the existing Replacement Senior Notes." 

        (b)   The
following definitions set forth in the Glossary attached as Annex I to the Credit Agreement are hereby amended to
read in their entirety as follows: 

        "'Replacement Senior Notes' shall mean, collectively: (1) those certain $220,000,000 9.75% Senior Notes due 2011 (together with all
notes issued in exchange, substitution or replacement therefor) to be issued pursuant to the Senior Noteholder Indenture in replacement of those certain 107/8% Senior Notes due 2006 and
107/8% Senior Subordinated Notes due 2006 issued by the Company and outstanding on the Effective Date and (2) the 2004 Add-On Senior Notes. All references to the
"Senior Notes' in the Loan Documents shall be deemed to be references to the Replacement Senior Notes." 

        (c)   Paragraph 3(h)(3)(ii) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "(ii)    In
a dollar amount equal to: (y) one hundred percent (100%) of the Net Cash Proceeds from each issuance by the Parent or any of its Subsidiaries of debt
securities following the Effective Date (other than in connection with Approved CTP Assets Disposition Agreements and the 2004
Add-On Senior Notes), and (z) fifty percent (50%) of the Net Cash Proceeds from each issuance by the Parent or any of its Subsidiaries of equity securities following the Effective
Date (other than in connection with the Parent IPO); and" 

        (d)   A
new Paragraph 5(c) is hereby added to the Credit Agreement to read in its entirety as follows: 

        "5(c)    2004 Add-On Senior Notes.    As conditions precedent to the Administrative Agent and the Lenders
agreement to approve the issuance by the Company of the 2004 Add-On Senior Notes: 

        (1)   The
Administrative Agent shall have reviewed and approved all documents, instruments and agreements relating to the issuance of the 2004 Add-On Senior Notes
and the terms and provisions applicable thereto, including, without limitation, any supplement to or amendment of the Senior Noteholder Indenture; 

        (2)   The
representations and warranties of each of the Company-Related Credit Parties contained in the Loan Documents to which such Person is party shall be accurate and
complete in all material respects as if made on and as of the date of issuance of the 

2

 

2004
Add-On Senior Notes and both before and after giving effect to such issuance and the application of the proceeds thereof (unless any such representation and warranty speaks as of a
particular date, in which case it shall remain accurate and complete in all material respects as of such date); 

        (3)   There
shall not have occurred an Event of Default or Potential Default either before or immediately after giving effect to the issuance of the 2004 Add-On
Senior Notes; and 

        (4)   The
Administrative Agent shall have received evidence satisfactory to it that one hundred percent (100%) of the Net Cash Proceeds of the issuance of the 2004
Add-On Senior Notes will be distributed to the Parent and used by the Parent to redeem a portion of the New Parent Notes, it being acknowledged and agreed that the failure of the Parent so
to do shall constitute an Event of Default hereunder." 

        (e)   A
new Paragraph 5(d) is hereby added to the Credit Agreement to read in its entirety as follows: 

        "5(d)    Parent IPO.    As conditions precedent to the Administrative Agent and the Lenders agreement to allow the
Parent to consummate the Parent IPO: 

        (1)   The
Administrative Agent shall have reviewed and approved: (i) the registration statement and all other documents, instruments and agreements, whether required to
be filed with the Securities and Exchange Commission or otherwise, relating to the Parent IPO, (ii) any amendments or other modifications of the organizational documents of the Parent and the
Company, including, without limitation, amendments to such Person's Articles of Incorporation and By-Laws, as may be delivered in connection with or in contemplation of the consummation of
the Parent IPO, and (iii) such opinions of counsel to the Parent in form and substance satisfactory to the Administrative Agent regarding the Parent IPO and termination of the Management
Services Agreement as the Administrative Agent may reasonably request; 

        (2)   The
representations and warranties of each of the Company-Related Credit Parties contained in the Loan Documents to which such Person is party shall be accurate and
complete in all material respects as if made on and as of the effective date of the Parent IPO and both before and after giving effect to the consummation thereof and the application of the proceeds
thereof (unless any such representation and warranty speaks as of a particular date, in which case it shall remain accurate and complete in all material respects as of such date); 

        (3)   There
shall not have occurred an Event of Default or Potential Default either before or immediately after giving effect to the Parent IPO; and 

        (4)   The
Administrative Agent shall have received evidence satisfactory to it that the Net Cash Proceeds of the Parent IPO will be used by the Parent: (a) first, if
the Parent subsequently determines to do so, to acquire the debt obligations owed to the Company by various employees of the Company or its Subsidiaries, as set forth on  Schedule 5(d)(4), for cash
consideration equal to the aggregate principal amount outstanding under such debt obligations, (b) second, to
redeem the remaining New Parent Notes (or such amount of the New Parent Notes as can be redeemed using all of the remaining Net Cash Proceeds of the Parent IPO), (c) third, together with cash
on hand at the Company and/or borrowings under the Credit Agreement, if necessary, to pay to Leonard Green & Partners, L.P. (i) a termination fee of $2,500,000.00 in consideration of the
early termination of the Management Services Agreement, and (ii) accrued fees under the Management Services Agreement, and (d) fourth, for such purposes as the Parent may 

3

 

elect,
subject to the restrictions of this Credit Agreement and the other Loan Documents, it being acknowledged and agreed that the failure of the Parent to apply such Net Cash Proceeds as provided in
this subparagraph 4 shall constitute an Event of Default hereunder. In the event the Parent IPO has not been consummated on or before July 31,
2004, the agreement of the Administrative Agent and the Lenders to permit the transactions to be consummated with the proceeds of the Parent IPO and the modification of provisions of the Credit
Agreement and the other Credit Documents following the consummation of the Parent IPO are subject to review and reapproval by the Administrative Agent and the applicable Lenders in their sole and
absolute discretion. 

        (f)    Paragraph 8(e) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "8(e)    Payment of Dividends.    Declare or pay any dividends upon its shares of stock now or hereafter outstanding
or make any distribution of assets to its stockholders as such, whether in cash, property or securities, except, and if but only if at the date such dividends are declared and at the date such
dividends are to be paid (and both before and after giving effect to the payment thereof) there does not exist an Event of Default or Potential Default, dividends and other distributions in a dollar
amount necessary to permit the Parent to: 

        (1)   Prior
to the consummation of the Parent IPO and termination and cancellation of the Management Services Agreement, pay management fees to Leonard Green &
Partners, L.P. and its Affiliates to the extent such management fees are permitted pursuant to Paragraph 8(k) below; 

        (2)   Pay
taxes payable by the Parent on account of income derived from operations of the Company and other Subsidiaries of the Parent; 

        (3)   Redeem
or otherwise repurchase stock, stock equivalents or stock options issued by the Parent owned by former employees, former directors or former officers of the
Company and its Subsidiaries for an aggregate purchase price for all such stock, stock equivalents and stock options not to exceed
$1,000,000.00 in any fiscal year or $3,000,000.00 in the aggregate from and after the Effective Date, in each case plus the aggregate amount of Net Cash
Proceeds received by the Parent following the Effective Date from the issuance by the Parent of equity securities to employees, directors or officers of the Company and its Subsidiaries and  minus the
aggregate amount of repurchases made pursuant to this subparagraph (3) following the Effective Date; provided, however, that in no
event shall the aggregate dollar amount of all such redemptions and repurchases exceed $5,000,000.00 from and after the Effective Date; and, provided further, that notwithstanding the limitations
contained herein, the Parent may redeem and repurchase additional stock, stock equivalents and stock options in any fiscal year in an additional aggregate amount equal to key man life insurance
proceeds which it receives in such fiscal year; 

        (4)   Pay
overhead and operating expenses, provided that such dividends shall be in an amount not to exceed $1,000,000.00 in any fiscal year; 

        (5)   Until
the Parent IPO shall have been consummated and the New Parent Notes redeemed in full, fund, from time to time after the Effective Date, costs and expenses in an
amount not to exceed $5,000,000.00 in the aggregate, incurred in connection with the exchange of certain outstanding notes of the Parent for New Parent Notes and the refinancing payment required to be
paid upon the issuance of the New Parent Notes and the registration of the New Parent Notes in accordance with the terms of those certain 

4

 

Purchase
Agreements of even date herewith between the Parent and certain holders of notes issued by the Parent and outstanding following the Effective Date; 

        (6)   Until
the Parent IPO shall have been consummated and the New Parent Notes redeemed in full, pay, following the fifth anniversary of the Effective Date, interest due and
payable on the New Parent Notes; provided, however, that as an additional condition precedent to the right to pay any such dividend, the Company shall be in compliance with the requirements of  Paragraph 8(i)(2)
 below for the four calendar quarters ending on the last day of the most recent calendar quarter preceding the date of payment
thereof; provided, however, that: (i) for purposes of computation of compliance with the requirements of Paragraph 8(i)(2) below on the
first date the Company intends to pay interest on the New Parent Notes, Debt Service for the applicable four calendar quarters shall be deemed to include twice the amount of interest to be paid on
such first payment date notwithstanding that it was not paid during such four calendar quarters, and (ii) for purposes of computation of compliance with the requirements of  Paragraph 8(i)(2)
below on the second date the Company intends to pay interest on the New Parent Notes, Debt Service for the applicable four
calendar quarters shall be deemed to include the amount of interest to be paid on such second payment date notwithstanding that it was not paid during such four calendar quarters; and 

        (7)   Redeem
up to $20,000,000.00 in aggregate principal amount of New Parent Notes with the proceeds of the 2004 Add-On Senior Notes and cash on hand at the
Company and/or borrowings under the Credit Agreement." 

        (g)   Paragraph 8(f) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "8(f)    Purchase or Retirement of Stock.    Except as permitted pursuant to  Paragraph 8(e)(3) above, acquire, purchase, redeem
or retire any shares of its capital stock now or hereafter outstanding, in one transaction or
series of transactions, provided, that the foregoing shall not prohibit, in connection with the Parent IPO, the forgiveness by the Company or the Parent, as the case may be, of accrued interest under
the debt obligations set forth on Schedule 5(d)(4), and the satisfaction of the principal amount of such debt obligations in exchange for the
employees' surrender of common stock of the Parent and/or stock options to acquire common stock of the Parent. 

        (h)   Paragraph 8(g)(3) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "(3) Investments
in and advances by the Parent, the Company and the Guarantor Subsidiaries to the Foreign Subsidiaries, and investments and advances among Foreign
Subsidiaries; provided, however, that the aggregate amount of investment in and advances outstanding for all such Foreign Subsidiaries, when added (without duplication) to the aggregate amount of
Indebtedness outstanding to such Foreign Subsidiaries permitted pursuant to Paragraph 8(b)(11) above shall not exceed the Maximum Permitted
Foreign Subsidiary Investment." 

        (i)    Paragraph 8(h)(4) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "(4) (i) Transfers
of assets among the Company and Guarantor Subsidiaries, and (ii) transfers of assets among the Foreign Subsidiaries." 

5

 

        (j)    Paragraph 8(k) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "8(k)    Limitations on Transactions with Affiliates.    And shall not permit any of Subsidiary to, make any payment
to, or sell, lease, transfer or otherwise dispose of any of its properties or assets to, or purchase any property or assets from, or enter into or make or amend any contract, agreement, understanding,
loan, advance or Guarantee with, or for the benefit of, any Affiliate (each of the foregoing, an "Affiliate Transaction"), unless: (1) such Affiliate Transaction is on terms that are no less
favorable to the Parent, the Company or the relevant Subsidiary than those that would have been obtained in a comparable transaction by the Parent, the Company or such Subsidiary with an unrelated
Person and (2) the Parent delivers to the Administrative Agent: (i) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate
consideration in excess of $1,000,000.00, a resolution of the Board of Directors of the Parent, certified by a Responsible Officer of the Parent certifying that such Affiliate Transaction complies
with subparagraph (1) above and that such Affiliate Transaction has been approved by a majority of the disinterested members of the Board of Directors
of the Parent and (ii) with respect to any Affiliate Transaction or series of related Affiliate Transactions involving aggregate consideration in excess of $5,000,000.00, an opinion as to the
fairness to the Lenders of such Affiliate Transaction from a financial point of view issued by an accounting, appraisal or investment banking firm of national standing; provided, however, that the
following shall not be deemed to be "Affiliate Transactions": (A) the payment of Earn-out Obligations pursuant to agreements entered into at such time as the recipient of such
payments was not an Affiliate of the Parent, the Company or such Subsidiary, (B) any employment agreement entered into by the Parent, the Company or any of Subsidiaries in the ordinary course
of business and consistent with the past practice of such Person, (C) transactions between or among the Parent, the Company and/or the Subsidiaries otherwise permitted by this Credit Agreement,
(D) the payment of the fees, expenses and other similar payments payable by the Parent, the Company and the Subsidiaries in connection with the transactions contemplated by this Credit
Agreement and the Refinancing Transactions that were expressly disclosed to, and approved by, the Administrative Agent in writing prior to the Effective Date, (E) the payment of reasonable and
customary regular fees to, and indemnities provided on behalf of, officers, directors and employees of the Parent, the Company or any Subsidiary, (F) prior to the consummation of the Parent IPO
and the cancellation of the Management Services Agreement, the payment of fees and other amounts payable by the Parent, the Company and Subsidiaries under the Management Services Agreement (or any
agreement extending or replacing the Management Services Agreement which contains the same terms with respect to fees and other terms no less favorable to the Parent, the Company and the
Subsidiaries), (G) loans to officers and employees of the Company and its Subsidiaries permitted pursuant to Paragraph 8(g) above,
(H) the performance of this Credit Agreement and the other Loan Documents, the Indenture and the indenture pursuant to which the New Parent Notes are issued (in the case of the Indenture and
the indenture pursuant to which the New Parent Notes were issued, as in effect as of the Effective Date) or any transaction contemplated thereby (including pursuant to any amendment thereto so long as
any such amendment is not disadvantageous to the Lenders in any material respect), (I) in connection with the Parent IPO, the Parent's acquisition of the debt obligations owed to the Company by
various employees of the Company or its Subsidiaries, as set forth on Schedule 5(d)(4), for cash consideration equal to the aggregate principal
amount outstanding under such debt obligations, (J) in connection with the Parent IPO, the forgiveness by the Company or the Parent, as the case may be, of accrued interest under the employee
debt obligations set forth on Schedule 5(d)(4), (K) in connection with the Parent IPO, the satisfaction of the principal amount of the
employee debt obligations set forth 

6

 

on  Schedule 5(d)(4), in exchange for the employees' surrender of common stock of the Parent and/or stock options to acquire common stock of the
Parent, and (L) in connection with the Parent IPO, the payment to Leonard Green & Partners, L.P. and/or its Affiliates (collectively,
"LGP") of (i) a termination fee of $2,500,000.00 in consideration of the early termination of the Management Services Agreement, and
(ii) accrued fees under the Management Services Agreement. Notwithstanding anything
in this Credit Agreement to the contrary, prior to the consummation of the Parent IPO and termination and cancellation of the Management Services Agreement, neither the Parent, the Company nor any
Subsidiaries shall pay any fees to LGP: (w) prior to the date upon which cash interest is permitted hereunder to be paid on the New Parent Notes, (x) thereafter, on any date other than a
date upon which the entire interest due on the New Parent Notes on such date is paid in cash; (y) if an Event of Default or Potential Default is then continuing or may result from such payment;
or (z) on any date on which payment of such fees is permitted pursuant to subparagraphs (w), (x)
and (y) above in an amount in excess of $500,000.00 plus any amounts available for such payments, but not paid, on prior dates under which payment would
otherwise be so permitted; provided, that in no event shall the aggregate amount of all such fees paid to LGP from the Effective Date to and including the Revolving Facility Maturity Date exceed
$5,000,000.00. 

        (k)   Paragraph 8(m) of the Credit Agreement is hereby amended to read in its entirety as follows: 

        "8(m)    Change in Structure.    And shall not permit any Subsidiary to: (1) make any changes in its equity
capital structure (including, in the terms of its outstanding stock) other than, in the case of the Parent, such changes as are made in connection with the Parent IPO and which have been reviewed and
approved by the Administrative Agent, or (2) amend its certificate of incorporation or by-laws in any material respect other than, in the case of the Parent, amendments made in
connection with the Parent IPO and which have been reviewed and approved by the Administrative Agent." 

        (l)    A
new Paragraph 8(r) is hereby added to the Credit Agreement to read in its entirety as follows: 

        "8(r)    Management Services Contracts.    And shall not permit any Subsidiary to enter into any management services
contract or other arrangement for the provision of management and related services to such Persons, whether in the nature of the Management Services Agreement or otherwise, if such arrangement would
qualify as an Affiliate Transaction." 

        (m)  Schedule 5(d)(4) to the Credit Agreement is hereby added to the schedules by inserting the schedule attached
hereto as New Schedule 5(d)(4). 

        (n)   Schedule 8(p) to the Credit Agreement is hereby amended in its entirety and replaced with the schedule attached
hereto as Replacement Schedule 8(p). 

        2.    Rate Management Agreements.    To reflect the agreement of the parties to provide that rate management
arrangements such as those described in subparagraph 3 on Schedule 8(b)(13) which are provided by the Administrative Agent or one of the Lenders
shall be secured by the Company Collateral and shall otherwise constitute "Obligations" for all purposes of the Credit Agreement: 

        (a)   Schedule 8(b)(13) to the Credit Agreement is hereby amended in its entirety and replaced with the schedule
attached hereto as Replacement Schedule 8(b)(13). 

        (b)   A
new definition of "Rate Management Agreement" is hereby added to the Glossary to read in its entirety as follows: 

        "'Rate Management Agreement" shall have the meaning given such term in subparagraph 3 on  Schedule 8(b)(13) to the Credit Agreement. 

7

 

        (c)   The
definition of "Loan Documents" set forth in the Glossary is hereby amended to read in its entirety as follows: 

        "'Loan Documents' shall mean the Credit Agreement, the Notes, the Collateral and Credit Support Documents, the L/C Documents, any and all
Rate Management Agreements the Indebtedness of the Company under which is held by a Lender, and each other document, instrument or agreement executed by the Company or any Subsidiary in connection
herewith or therewith, as any of the same may be amended, extended or replaced from time to time. 

        3.    Change in Name.    

        (a)   The
Administrative Agent and the Lenders hereby waive the Event of Default which arose by virtue of the failure of the Parent to have provided thirty (30) days'
notice to the Administrative Agent of a name change of a domestic subsidiary in Pennsylvania (the name "QTV Holdings, Inc." was changed to "PD Recovery, Inc." on March 16, 2004)
pursuant to Paragraph 10(c) of its Guarantor Security Agreement. Such amendment is given on a one time basis and shall not be deemed to constitute any agreement on the part of the
Administrative Agent and the Lenders to waive any other Event of Default which may exist or which may arise in the future. 

        (b)   The
Administrative Agent and the Lenders hereby waive the thirty (30) days' notice requirement to the Administrative Agent pursuant to Paragraph 10(c) of
its Guarantor Security Agreement regarding a name change of the Parent to "Dollar Financial Corp." 

        4.    Effective Date.    This Amendment shall be effective as of the date first written above upon the date that the
Administrative Agent shall have received: 

        (a)   This
Amendment, duly executed by the parties signatory hereto; and 

        (b)   Such
corporate resolutions, incumbency certificates and other authorizations from the Company, the Parent and each Subsidiary Guarantor as the Administrative Agent may
reasonably request. 

        5    Reaffirmation of the Loan Documents.    The Company and each of the Guarantors, by executing this Amendment as
provided below, hereby affirms and agrees that: (a) the execution and delivery by it of and the performance of its obligations under this Amendment shall not in any way amend, impair,
invalidate or otherwise affect any of its obligations under the Loan Documents to which it is party except to the extent expressly amended hereby, (b) the terms "Obligations," "Guaranteed
Obligations" and "Senior Obligations" as used in the Loan Documents include, without limitation, the Obligations of Company under the Credit Agreement as amended by this Amendment (and including,
without limitation, the obligations of the Company hereunder), and (c) except as expressly amended and waived hereby, the Loan Documents remain in full force and effect as written and
constitute valid, enforceable obligations of such Persons, as applicable. 

        6    Representations and Warranties.    The Company and each of the Guarantors, by executing this Amendment as
provided below, hereby represents and warrants to the Administrative Agent and the Lenders and agrees with the Administrative Agent and the Lenders that: 

        (a)   It
has the corporate power and authority and the legal right to execute, deliver and perform this Amendment and has taken all necessary corporate action to authorize the
execution, delivery and performance of this Amendment. 

        (b)   This
Amendment has been duly executed and delivered on its behalf and constitutes its legal, valid and binding obligation enforceable against it in accordance with its
terms. 

        (c)   On
the date of this Amendment, there does not exist a Event of Default or Potential Default other than as expressly waived pursuant hereto. 

8

 

        (d)   None
of such Persons has any existing claims, counterclaims, defenses, personal or otherwise, or rights of setoff whatsoever with respect to any of the Loan Documents. 

        7    No Other Amendment.    Except as expressly amended hereby, the Credit Agreement and other Loan Documents shall
remain in full force and effect as written. 

        8    Counterparts.    This Amendment may be executed in any number of counterparts, each of which when so executed
shall be deemed to be an original and all of which when taken together shall constitute one and the same agreement. 

[Signatures
Page Following] 

9

   
        IN WITNESS WHEREOF, the parties hereto have caused this Amendment to be executed as of the day and year first above written. 

	 	 	DOLLAR FINANCIAL GROUP, INC.,

a New York corporation
	 	 	 
	 	 	 
	 	 	/s/ Donald Gayhardt
 Donald Gayhardt, President and

Chief Financial Officer
	 	 	 
	 	 	DFG HOLDINGS, INC.,

a Delaware corporation
	 	 	 
	 	 	 
	 	 	/s/ Donald Gayhardt
 Donald Gayhardt, President and

Chief Financial Officer

10

 

	 	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent and a Lender
	

 	
 	

By:	
 	

/s/ Alex Y. Kim

	

 	
 	

Name:	
 	

Alex Y. Kim

	

 	
 	

Title:	
 	

Vice President

11

 

	 	 	U.S. BANK NATIONAL ASSOCIATION,

as the Syndication Agent and a Lender
	

 	
 	

By:	
 	

/s/ Eric J. Swanson

	

 	
 	

Name:	
 	

Eric J. Swanson

	

 	
 	

Title:	
 	

Assistant Vice President

12

 

	 	 	CITICORP NORTH AMERICA, INC.,

as Documentation Agent and a Lender
	

 	
 	

By:	
 	

/s/ Tammy A. Koch

	

 	
 	

Name:	
 	

Tammy A. Koch

	

 	
 	

Title:	
 	

Vice President

13

 

	 	 	CREDIT SUISSE FIRST BOSTON, acting through

its Cayman Islands Branch, as a Lender
	

 	
 	

By:	
 	

/s/ Jay Chall        /s/ Doreen B. Welch

	

 	
 	

Name:	
 	

Jay Chall            Doreen B. Welch

	

 	
 	

Title:	
 	

Director            Associate

14

 

	 	 	MANUFACTURERS AND TRADERS TRUST

COMPANY, as a Lender
	

 	
 	

By:	
 	

/s/ Joshua C. Becker

	

 	
 	

Name:	
 	

Joshua C. Becker

	

 	
 	

Title:	
 	

Assistant Vice President

15

 

	

ACKNOWLEDGED AND AGREED TO BY:	
 	

 
	

ANYKIND CHECK CASHING CENTERS, INC.	
 	

 
	

CASH UNLIMITED OF ARIZONA, INC.	
 	

 
	

CHECK MART OF LOUISIANA, INC.	
 	

 
	

CHECK MART OF NEW MEXICO, INC.	
 	

 
	

CHECK MART OF PENNSYLVANIA, INC.	
 	

 
	

CHECK MART OF TEXAS, INC.	
 	

 
	

CHECK MART OF WISCONSIN, INC.	
 	

 
	

DFG INTERNATIONAL, INC.	
 	

 
	

DFG WORLD, INC.	
 	

 
	

FINANCIAL EXCHANGE COMPANY OF OHIO, INC.	
 	

 
	

FINANCIAL EXCHANGE COMPANY OF PENNSYLVANIA, INC.	
 	

 
	

FINANCIAL EXCHANGE COMPANY OF PITTSBURGH, INC.	
 	

 
	

FINANCIAL EXCHANGE COMPANY OF VIRGINIA, INC.	
 	

 
	

LOAN MART OF OKLAHOMA, INC.	
 	

 
	

MONETARY MANAGEMENT CORPORATION OF PENNSYLVANIA, INC.	
 	

 
	

MONETARY MANAGEMENT OF CALIFORNIA, INC.	
 	

 
	

MONETARY MANAGEMENT OF MARYLAND, INC.	
 	

 
	

MONETARY MANAGEMENT OF NEW YORK, INC.	
 	

 
	

MONEYMART, INC.	
 	

 
	

MONEY MART EXPRESS, INC.	
 	

 
	

PACIFIC RING ENTERPRISES, INC.	
 	

 
	

QTV HOLDINGS, INC.	
 	

 
	

/s/ Donald Gayhardt
 Donald Gayhardt, President and Chief Financial Officer	

 	

 
	

 	
 	

 

16

   REPLACEMENT SCHEDULE 8(b)(13):  

 ADDITIONAL PERMITTED INDEBTEDNESS  

        1.     Indebtedness
of the Company's Subsidiary, National Money Mart Company ("NMM") to Bank of Montreal ("BOM") in an amount not to exceed $(US)10,000,000 in the aggregate at
any date outstanding in connection with a facility for overdrafts and other potential exposures relating to payroll, ACH and check cashing services. 

        2.     Indebtedness
of the Company's Subsidiary, Dollar Financial U.K. Limited ("DFUK") to National Westminster Bank Plc ("Natwest") in an amount not to exceed
£3,750,000 in the aggregate at any date outstanding in connection with a multiple line facility as evidenced by that certain Multi Line Facility Agreement dated as of January 30,
2003 by and between DFUK and Natwest, as amended by that certain Letter Agreement dated October 10, 2003 by and between DFUK and The Royal Bank of Scotland Plc, as agent for Natwest. 

        3.     Indebtedness
held by a Lender with respect to or in connection with foreign exchange contracts, currency swap agreements, interest rate swaps, collars or cap agreements
and similar arrangements entered into in the ordinary course of business and designed to protect against fluctuations in currency values and interests rates ("Rate Management Agreements"), which
Indebtedness is secured or otherwise supported pursuant to the Collateral and Credit Support Documents, and other unsecured Rate Management Agreements. 

        4.     Unsecured
obligations to repurchase equity securities of Parent in the event of the death or disability of Jeffrey Weiss pursuant to that certain Employment Agreement
dated as of December 19, 2003 by and among the Company, Parent and Jeffrey Weiss. 

        5.     Unsecured
obligations to repurchase equity securities of Parent in the event of the death or disability of Donald Gayhardt pursuant to that certain Employment Agreement
dated as of December 19, 2003 by and among the Company, Parent and Donald Gayhardt. 

1

   NEW SCHEDULE 5(d)(4)  

	 
	 	Lender
	 	Mgmt

Loan
	 	Int

Rate
	 	Accrued Interest

thru 7/31/04
	 	Interest

Forgiveness
	 	Total loan

	Jeffrey Weiss	 	Parent	 	$	4,308,570.36	 	6.0	%	$	1,452,706.31	 	$	(1,452,706.31	)	$	4,308,570.36
	Jeffrey Weiss	 	Company	 	 	2,000,000.00	 	6.0	%	 	674,333.33	 	 	(674,333.33	)	 	2,000,000.00
	Donald Gayhardt	 	Company	 	 	96,525.00	 	6.0	%	 	32,545.01	 	 	(32,545.01	)	 	96,525.00
	Peter Sokolowski	 	Company	 	 	70,695.00	 	6.0	%	 	23,836.00	 	 	(23,836.00	)	 	70,695.00
	Michael Marcus	 	Company	 	 	63,658.00	 	6.0	%	 	21,463.36	 	 	(21,463.36	)	 	63,658.00
	Evan Guengerich	 	Company	 	 	68,121.00	 	6.0	%	 	22,968.13	 	 	(22,968.13	)	 	68,121.00
	Drew Callan	 	Company	 	 	26,844.50	 	6.0	%	 	9,051.07	 	 	(9,051.07	)	 	26,844.50
	Melissa Holmes	 	Company	 	 	20,537.50	 	6.0	%	 	6,924.56	 	 	(6,924.56	)	 	20,537.50
	Syd Franchuk	 	Company	 	 	69,257.75	 	0.0	%	 	—	 	 	69,257.75	 	 	 
	 	 	 	 	
	 	 	 	
	 	
	 	

	 	 	 	 	$	6,724,209.11	 	 	 	$	2,243,827.77	 	$	(2,243,827.77	)	$	6,724,209.11
	 	 	 	 	
	 	 	 	
	 	
	 	

Note:
Interest calculated based on 360 day year. 

1

 
REPLACEMENT SCHEDULE 8(p):  

 SCHEDULE OF RESTRICTED PAYMENTS ON REPLACEMENT SENIOR NOTES

AND NEW PARENT NOTES  

A.    RESTRICTED PAYMENTS WITH RESPECT TO REPLACEMENT SENIOR NOTES:  

        Until all Revolving Loans and unrepaid L/C Drawings have been finally and non-avoidably paid in full, all commitments under this Credit Agreement have
been terminated and any Contingent Obligations arising out of relating to Outstanding Letters of Credit have been fully cash collateralized to the satisfaction of the Administrative Agent, and
regardless of whether or not there shall exist an Event of Default under this Credit Agreement at the date of such proposed action, subject to the proviso set forth below neither the Company nor the
Parent will, nor will they permit any Subsidiary to, directly or indirectly, including, without limitation, pursuant to a Senior Noteholder Guaranty: 

        (1)   Make
any mandatory or voluntary repurchase of any Replacement Senior Notes, whether such repurchase is required or permitted as a result of a change of control, upon
sale of assets, following the occurrence of an event of default (whether or not principal amounts outstanding under the Replacement Senior Notes are accelerated) or otherwise; 

        (2)   Otherwise
make any payment or prepayment of principal on account of the Replacement Senior Notes; 

        (3)   Make
any payment or prepayment on account of interest accruing on the Replacement Senior Notes; provided, however that if but only if at the date of payment thereof and
both before and after giving effect to such payment there shall not exist an Event of Default, the Company may make payments on account of interest accrued on the Replacement Senior Notes computed at
the per annum rate of 9.75%, said interest to be payable semi-annually, in arrears, as provided in the Indenture as in effect on the Effective Date, or 

        (4)   Defease
any Replacement Senior Notes; 

provided,
however, that notwithstanding the foregoing, upon payment in full of all outstanding Revolving Loans and unrepaid L/C Drawings, regardless of whether such payment shall be
non-avoidable, termination of all commitments under this Credit Agreement and satisfactory cash collateralization of any existing Contingent Obligations arising out of relating to
Outstanding Letters of Credit, and subject to the provisions of the Intercreditor Agreement relating to reinstatement of the Intercreditor Agreement, the Senior Noteholder Trustee may take such
actions to obtain payment or prepayment of principal and interest on the Replacement Senior Notes against the Company and against the Parent under the Senior Noteholder Guaranty issued by the Parent
as may be permitted pursuant to the Intercreditor Agreement. 

B.    RESTRICTED PAYMENTS WITH RESPECT TO NEW PARENT NOTES:  

        Until all Revolving Loans and unrepaid L/C Drawings have been finally and non-avoidably paid in full, all commitments under this Credit Agreement have
been terminated and any Contingent Obligations arising out of relating to Outstanding Letters of Credit has been fully cash collateralized to the satisfaction of the Administrative Agent, and
regardless of whether or not there shall exist an Event of Default under this Credit Agreement at the date of such proposed action, the Company and the Parent will not, and they will not permit any
Subsidiary to, directly or indirectly: 

        (1)   Make
any mandatory or voluntary repurchase of any New Parent Notes, whether such repurchase is required or permitted as a result of a change of control, upon sale of
assets, following the occurrence of an event of default (whether or not principal amounts outstanding under the New Parent Notes are accelerated) or otherwise; 

2

 

        (2)   Otherwise
make any payment or prepayment of principal on account of the New Parent Notes; 

        (3)   Make
any cash payment of interest on account of interest accrued on the New Parent Notes; provided, however, that following the fifth anniversary of the Effective Date
the Parent may pay interest due and payable on the New Parent Notes subject to the restrictions set forth in the Credit Agreement, including, without limitation, the restrictions set forth in  Paragraph 8(e)(6)
 of the Credit Agreement; or 

        (4)   Defease
any New Parent Notes. 

provided,
however, that notwithstanding the foregoing, the Parent may: (1) subject to the provisions of Paragraph 5(c) of the Credit
Agreement, redeem up to $20,000,000.00 in aggregate principal amount of New Parent Notes with the proceeds of the 2004 Add-On Senior Notes and cash on hand at the Company and/or borrowings
under the Credit Agreement to be distributed to the Parent by the Company, and (2) subject to the provisions of Paragraph 5(d) of the
Credit Agreement, redeem outstanding New Parent Notes with a portion of the proceeds of the Parent IPO. 

3

QuickLinks

FIRST AMENDMENT TO SECOND AMENDED AND RESTATED CREDIT AGREEMENT

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00068-of-00352.parquet"}]]