Document:

exv10w1

 

Exhibit 10.1

DOLLAR FINANCIAL CORP.

SECOND AMENDMENT TO CREDIT AGREEMENT

     This SECOND AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is dated as of June 20, 2007 and
entered into by and among DOLLAR FINANCIAL CORP., a Delaware corporation (“Holdings”), DOLLAR
FINANCIAL GROUP, INC., a New York corporation (the “US Borrower”), NATIONAL MONEY MART COMPANY, an
unlimited company organized under the laws of the Province of Nova Scotia, Canada (the “Canadian
Borrower”), DOLLAR FINANCIAL U.K. LIMITED, a limited liability company incorporated under the laws
of England and Wales with registered number 03701758 (the “UK Borrower” and together with US
Borrower and Canadian Borrower the “Borrowers”), THE FINANCIAL INSTITUTIONS LISTED ON THE SIGNATURE
PAGES HEREOF, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for Lenders (in
such capacity, “Administrative Agent”) and, solely for purposes of Section 3 hereof, the
Subsidiary Guarantors. Reference is made to that certain Credit Agreement dated as of October 30,
2006 among Holdings, US Borrower, Canadian Borrower, UK Borrower, U.S. Bank National Association,
as Documentation Agent, Credit Suisse Securities (USA) LLC, as Syndication Agent and Wells Fargo
Bank, National Association as Administrative Agent and as Security Trustee, as amended by the First
Amendment thereto dated May 22, 2007 (the “Credit Agreement”). Capitalized terms used herein
without definition shall have the same meanings as set forth in the Credit Agreement, as amended
hereby (the “Amended Agreement”).

RECITALS

          WHEREAS, the Borrowers and Lenders desire to amend the Credit Agreement as set forth below in
order to, among other things,

     (i) permit the issuance of up to $200.0 million of unsecured senior convertible debt by
Holdings, the proceeds of which will be used for general corporate purposes, including to
fund acquisitions by the Borrowers and their Subsidiaries, to repay intercompany
Indebtedness and other Indebtedness and to pay transaction fees and expenses incurred in
connection with such convertible debt,

     (ii) increase the amount of acquisitions permitted under the Credit Agreement; and

     (iii) amend the Credit Agreement in other respects detailed below;

          NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree as follows:

SECTION 1. AMENDMENTS TO CREDIT AGREEMENT

     A. The definitions of the following terms appearing in quotation marks below are
hereby deleted from Section 1.1 of the Credit Agreement and replaced with the following,
and those of such terms which do not appear therein are hereby added to Section 1.1 in
alphabetical order:

          “Consolidated Interest Expense”: for any period, total cash interest expense
(including that attributable to Capital Lease Obligations) of Holdings and its Subsidiaries for
such period with respect to all outstanding Indebtedness of the Holdings and its Subsidiaries
(including all commissions, discounts and other fees and charges owed with respect to letters of
credit and bankers’ acceptance financing and net costs under Swap Agreements in respect of interest
rates to the extent such net costs are

Second Amendment to Credit Agreement

 

 

allocable to such period in accordance with GAAP). If as of the date Consolidated Total Debt
is measured, the aggregate original principal amount of Holdings Notes that have been issued is
less than $172,500,000, then Consolidated Interest Expense for such period shall be deemed
increased by the product of (a) the Unused Holdings Notes Capacity times (b) the quotient of (x)
the average daily amount of interest expense attributable to Holdings Notes included in
Consolidated Interest Expense for such period divided by (y) the average daily principal balance of
the Holdings Notes during such period.

          “Consolidated Total Debt”: at any date, the aggregate principal amount of all
Indebtedness of Holdings and its Subsidiaries at such date, determined on a consolidated basis in
accordance with GAAP, but excluding any liabilities referred to in clause (f) of the definition of
“Indebtedness”. If as of the date Consolidated Total Debt is measured, the aggregate original
principal amount of Holdings Notes that have been issued is less than $172,500,000, then
Consolidated Total Debt shall be deemed increased by an amount equal to the Unused Holdings Notes
Capacity.

          “Holdings Notes”: Senior unsecured Indebtedness of Holdings, the proceeds of which
are used for general corporate purposes, including to finance Permitted Acquisitions, to repay
intercompany Indebtedness and other Indebtedness and to pay transaction fees and expenses incurred
in connection with the Holdings Notes provided that such Indebtedness (a) matures no sooner than
one year after the latest maturity of obligations under the Loan Documents, (b) accrues interest at
an annual rate not in excess of 3.0%, (d) is not subject to any financial maintenance covenants or
any covenants or defaults that are more restrictive than this Agreement and (e) is otherwise on
terms reasonably satisfactory to the Administrative Agent.

          “Second Amendment”: that certain Second Amendment to this Agreement, dated as of June
20, 2007.

          “Second Amendment Effective Date”: the date the Second Amendment to this Agreement
became effective in accordance with its terms.

          “Unused Holdings Notes Capacity”: the remainder of $172,500,000 minus the aggregate
original principal amount of Holdings Notes that have been issued (without regard to any subsequent
reduction in such principal amount).

     B. Section 7.1(a) of the Credit Agreement is hereby amended by deleting the
table appearing therein and replacing it with the following:

	 	 	 
	 	 	Consolidated
	Fiscal Quarter Ending	 	Leverage Ratio
	 	 	 
	December 31, 2006 through 

March 31, 2007
	 	4.25 to 1.0
	 	 	 
	June 30, 2007 through 

March 31, 2008
	 	4.85 to 1.0
	 	 	 
	June 30, 2008
	 	4.75 to 1.0
	 	 	 
	September 30, 2008 through 

December 31, 2008
	 	4.50 to 1.0

Second Amendment to Credit Agreement

2

 

	 	 	 
	 	 	 
	March 31, 2009 through 

June 30, 2009
	 	4.25 to 1.0
	 	 	 
	September 30, 2009 through 

December 31, 2009
	 	4.0 to 1.0
	 	 	 
	March 31, 2010 through 

June 30, 2010
	 	3.75 to 1.0
	 	 	 
	September 30, 2010 through 

December 31, 2010
	 	3.50 to 1.0
	 	 	 
	March 31, 2011 through 

June 30, 2011
	 	3.25 to 1.0
	 	 	 
	September 30, 2011 through 

March 31, 2012
	 	3.00 to 1.0
	 	 	 
	June 30, 2012 and each fiscal 

quarter of Holdings thereafter
	 	2.75 to 1.0

     C. Section 7.1(b) of the Credit Agreement is hereby amended by deleting the
table appearing therein and replacing it with the following:

	 	 	 
	 	 	Consolidated Fixed
	Fiscal Quarter Ending	 	Charge Coverage Ratio
	 	 	 
	December 31, 2006 through 

June 30, 2008
	 	1.50 to 1.0
	 	 	 
	September 30, 2008 through 

June 30, 2009
	 	1.75 to 1.0
	 	 	 
	September 30, 2009 through 

June 30, 2010
	 	2.00 to 1.0
	 	 	 
	September 30, 2010 through 

June 30, 2011
	 	2.25 to 1.0
	 	 	 
	September 30, 2011 and each 

fiscal quarter of Holdings 

thereafter
	 	2.50 to 1.0

     D. Section 7.2 of the Credit Agreement is hereby amended by relettering the
existing clause (j) as clause (k), and inserting a new clause (j) providing as follows:

     “(i) Holdings Notes in an amount not exceeding $200,000,000 in principal amount at any
one time outstanding; and”

and by deleting clause (b) thereof and replacing it with the following:

Second Amendment to Credit Agreement

3

 

     “(b) unsecured Indebtedness of any Loan Party other than Holdings to any other Loan
Party; provided that such Indebtedness is evidenced by one or more Intercompany
Notes;”

     E. Section 7.6 of the Credit Agreement is amended by replacing the period at
the end of clause (e) with “; and”, and inserting the following new clause (f):

     “(f) to the extent permitted by applicable law, the US Borrower may pay dividends to
Holdings to permit Holdings to pay that portion of interest on the Holdings Notes that is
required to be paid in cash.”

     F. Section 7.7 of the Credit Agreement is amended by inserting the following
parenthetical immediately after the words “for which it is permitted”: “(or 100% of the amount not
expended for the fiscal year of Holdings ending June 30, 2007)”.

     G. Section 7.8(g) of the Credit Agreement is deleted and replaced with the
following:

     “(g) intercompany Investments by Holdings or any other Loan Party in any other Loan
Party other than Holdings (including, without limitation, Investments to consummate the
Permitted UK Reorganization) (provided that any Investment in the form of a loan or
advance shall be evidenced by an Intercompany Note and pledged by such Loan Party as
Collateral pursuant to the Security Documents);”

     H. Section 7.8(j) of the Credit Agreement is deleted and replaced with the
following:

          “(j) acquisitions by any Borrower or any Wholly Owned Subsidiary Guarantor of (x) all of the
outstanding Capital Stock of any other Person that becomes a Loan Party concurrently with such
acquisition or (y) all or substantially all of the assets of any other Person (each a
“Permitted Acquisition”); provided that (1) (i) each such Permitted Acquisition is
of a Person or ongoing business engaged in the same or a related line of business as the Borrowers;
(ii) such Permitted Acquisition is approved by the board of directors and shareholders or other
equityholders of the Person whose stock or assets are being acquired, and (iii) in the case of an
acquisition for aggregate consideration in excess of $5,000,000, the Borrowers have provided to the
Administrative Agent a certified pro forma covenant compliance certificate, in form and detail
reasonably satisfactory to the Administrative Agent demonstrating to its satisfaction that
following the consummation of such acquisition the Borrowers will be in compliance with the
financial covenants set forth in Section 7.1 (giving effect to such acquisition and any
Indebtedness incurred to finance such acquisition and any Acquired Indebtedness related to such
acquisition on a pro forma basis) and that after giving effect to such acquisition
there shall not otherwise exist a Default or an Event of Default, and (2) during any fiscal year of
Holdings, such Permitted Acquisitions described in the foregoing clause (1) shall be subject to the
following additional limitations: (i) the Borrowers and their respective Subsidiaries may only
consummate or enter into any binding commitment to consummate such Permitted Acquisitions in which
the total aggregate Acquisition Expenditures do not and will not exceed, when added to the
aggregate amount of all Acquisition Expenditures incurred by the Borrowers and their respective
Subsidiaries on or after the Second Amendment Effective Date, $250,000,000.00, and (ii) the
aggregate amount of Acquisition Expenditures with respect to any single Permitted Acquisition or
series of related Permitted Acquisitions consummated by the Borrowers or any of their respective
Subsidiaries shall not exceed $75,000,000.00;”

Second Amendment to Credit Agreement

4

 

SECTION 2. REPRESENTATIONS AND WARRANTIES

          In order to induce Lenders and Administrative Agent to enter into this Amendment, Holdings and
the Borrowers each represents and warrants to each Lender and Administrative Agent that the
following statements are true, correct and complete:

          (i) Holdings and each Borrower has all requisite corporate power and authority to
enter into this Amendment and to carry out the transactions contemplated by, and perform its
obligations under, the Amended Agreement;

          (ii) the execution and delivery of this Amendment and the performance of the Amended
Agreement have been duly authorized by all necessary corporate action on the part of Holdings and
each Borrower;

          (iii) the execution and delivery by Holdings and each Borrower of this Amendment and
the performance by Holdings and each Borrower of the Amended Agreement do not and will not (i)
violate any Requirement of Law, (ii) conflict with, result in a breach of or constitute (with due
notice or lapse of time or both) a default under any material Contractual Obligation of any Group
Member, (iii) result in or require the creation or imposition of any Lien upon any of the
properties or assets of any Group Member (other than Liens created under any of the Loan Documents
in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of
stockholders or any approval or consent of any Person under any material Contractual Obligation of
any Group Member;

          (iv) the execution and delivery by Holdings and each of the Borrowers of this
Amendment and the performance by Holdings and each of the Borrowers of the Amended Agreement do not
and will not require any registration with, consent or approval of, or notice to, or other action
to, with or by, any federal, state or other governmental authority or regulatory body;

          (v) this Amendment and the Amended Agreement have been duly executed and delivered
by Holdings and each of the Borrowers and are the legally valid and binding obligations of Holdings
and each of the Borrowers, enforceable against Holdings and each of the Borrowers in accordance
with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable
principles relating to enforceability;

          (vi) the representations and warranties contained in Section 4 of the Credit
Agreement are and will be true, correct and complete in all material respects on and as of the date
hereof and the Second Amendment Effective Date to the same extent as though made on and as of such
dates, except to the extent such representations and warranties specifically relate to an earlier
date, in which case they were true, correct and complete in all material respects on and as of such
earlier date; and

          (vii) no event has occurred and is continuing or will result from the consummation
of the transactions contemplated by this Amendment that would constitute an Event of Default or a
Default.

SECTION 3. ACKNOWLEDGEMENT AND CONSENT

     Each Subsidiary Guarantor has read this Amendment and consents to the terms hereof and further
hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the
obligations of such Subsidiary Guarantor under, and the Liens granted by such Subsidiary Guarantor
as collateral security for the indebtedness, obligations and liabilities evidenced by the Credit
Agreement and the other Loan Documents pursuant to, each of the Loan Documents to which such
Subsidiary Guarantor is a party

Second Amendment to Credit Agreement

5

 

shall not be impaired and each of the Loan Documents to which such Subsidiary Guarantor is a
party is, and shall continue to be, in full force and effect and is hereby confirmed and ratified
in all respects.

     Each of Holdings, the Borrowers and the Subsidiary Guarantors hereby acknowledges and agrees
that the obligations secured by the Security Documents will include all Obligations under, and as
defined in, the Credit Agreement (as amended hereby).

     Each Subsidiary Guarantor acknowledges and agrees that (i) notwithstanding the conditions to
effectiveness set forth in this Amendment, such Subsidiary Guarantor is not required by the terms
of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit
Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this
Amendment or any other Loan Document shall be deemed to require the consent of such Subsidiary
Guarantor to any future amendments to the Credit Agreement.

SECTION 4. CONDITIONS TO EFFECTIVENESS

     Except as set forth below, this Amendment shall become effective only upon the satisfaction of
the following conditions precedent (the date such conditions are fulfilled is hereafter referred to
as the “Second Amendment Effective Date”):

     A. Amendment. Administrative Agent shall have executed this Amendment and
received a counterpart of this Amendment that bears the signature of each of the Borrowers,
Holdings and each of the Subsidiary Guarantors, and Administrative Agent shall have received
consents to this Amendment and its execution of this Amendment from Required Lenders.

     B. Completion of Proceedings. All corporate and other proceedings taken or
to be taken in connection with the transactions contemplated hereby and all documents incidental
thereto not previously found acceptable by Administrative Agent and its counsel shall be
satisfactory in form and substance to Administrative Agent and such counsel, and Administrative
Agent and such counsel shall have received all such counterpart originals or certified copies of
such documents as Administrative Agent may reasonably request.

     C. Payment of Fees to Consenting Lenders. The Administrative Agent shall
have received from the Borrower on or prior to the Second Amendment Effective Date an amendment fee
for the account of each Lender that executed this Amendment by 12:00 noon New York time on June 20,
2007 equal to 0.15% of such Lender’s Aggregate Exposure immediately prior to the effectiveness of
this Amendment.

     D. Administrative Agent Fees. Administrative Agent shall have received any
fees separately agreed upon between Borrower and Administrative Agent.

SECTION 5. MISCELLANEOUS

     A. Reference to and Effect on the Credit Agreement and the Other Loan Documents.

     (i) On and after the effective date of this Amendment, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like
import referring to the Credit Agreement and each reference in the other Loan Documents to
the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the
Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

Second Amendment to Credit Agreement

6

 

     (ii) Except as specifically amended by this Amendment, the Credit Agreement
and the other Loan Documents shall remain in full force and effect and are hereby ratified
and confirmed.

     (iii) The execution, delivery and performance of this Amendment shall not,
except as expressly provided herein, constitute a waiver of any provision of, or operate as
a waiver of any right, power or remedy of Administrative Agent or any Lender under the
Credit Agreement or any of the other Loan Documents.

     B. Headings. Section and subsection headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this Amendment for any other
purpose or be given any substantive effect.

     C. Expense Reimbursement. Borrower hereby agrees to promptly pay all of
Administrative Agent’s reasonable costs and expenses as described in subsection 11.5 of the Credit
Agreement incurred by Administrative Agent (including, without limitation, the reasonable fees and
disbursements of Skadden, Arps, Slate, Meagher & Flom LLP) in connection with this Amendment and
the documents and transactions related hereto.

     D. Applicable Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK).

     E. Counterparts. This Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the
same instrument; signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to the same document.

[Remainder of this page intentionally left blank]

Second Amendment to Credit Agreement

7

 

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

	 	 	 	 	 
	 	DOLLAR FINANCIAL CORP., a Delaware corporation

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary
 	 
	 
	 	DOLLAR FINANCIAL GROUP, INC., a New York corporation

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary
 	 
	 
	 	NATIONAL MONEY MART COMPANY, an unlimited liability company organized under the laws of the Province of Nova Scotia, Canada

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary
 	 
	 
	 	DOLLAR FINANCIAL U.K. LIMITED, a limited liability company incorporated under the laws of England and Wales with registered number 03701758

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 

LENDERS:

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION, 

as Administrative Agent, as Security Trustee, and as a Lender

 	 
	 	By:  	/s/ Alex Y. Kim
 	 
	 	 	Name:  	Alex Y. Kim 	 
	 	 	Title:  	Vice President
 	 
	 
	 	CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as a Lender

 	 
	 	By:  	/s/ Jay Chali
 	 
	 	 	Name:  	Jay Chali 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	/s/ Petra Jaek
 	 
	 	 	Name:  	Petra Jaek 	 
	 	 	Title:  	Assistant Vice President 	 

 

 

	 	 	 	 	 

SUBSIDIARY GUARANTORS (for purposes of Section 3):

ANY KIND CHECK CASHING CENTERS, INC., an Arizona corporation

CASH UNLIMITED OF ARIZONA, INC., an Arizona corporation

CHECK MART OF FLORIDA, INC., a Delaware corporation

CHECK MART OF LOUISIANA, INC., a Louisiana corporation

CHECK MART OF NEW MEXICO, INC., a New Mexico corporation

CHECK MART OF PENNSYLVANIA, INC., a Pennsylvania corporation

CHECK MART OF TEXAS, INC., a Texas corporation

CHECK MART OF WISCONSIN, INC., a Wisconsin corporation

DFG CANADA, INC., a Delaware corporation

DFG INTERNATIONAL, INC., a Delaware corporation

DFG WORLD, INC., a Delaware corporation

DOLLAR FINANCIAL INSURANCE CORP., a Pennsylvania corporation

FINANCIAL EXCHANGE COMPANY OF OHIO, INC., a Delaware corporation

FINANCIAL EXCHANGE COMPANY OF PENNSYLVANIA, INC., a Pennsylvania corporation

FINANCIAL EXCHANGE COMPANY OF PITTSBURGH, INC., a Delaware corporation

FINANCIAL EXCHANGE COMPANY OF VIRGINIA, INC., a Delaware corporation

LOAN MART OF OKLAHOMA, INC., an Oklahoma corporation

MONETARY MANAGEMENT CORPORATION OF PENNSYLVANIA, a Delaware corporation

MONETARY MANAGEMENT OF CALIFORNIA, INC., a Delaware corporation

MONETARY MANAGEMENT OF MARYLAND, INC., a Delaware corporation

MONETARY MANAGEMENT OF NEW YORK, INC., a New York corporation

MONEY MART CSO, INC., a Texas corporation

MONEY MART EXPRESS, INC., a Utah corporation

MONEYMART, INC., a Delaware corporation

PACIFIC RING ENTERPRISES, INC., a California corporation

PD RECOVERY, INC., a Pennsylvania corporation

WE THE PEOPLE USA, INC., a Delaware corporation

WE THE PEOPLE LLC., a Delaware limited liability company

	 	 	 	 	 
	By:

	 	/s/ Peter Sokolowski	 	 
	 

	 	 	 	 
	 

	 	Name: Peter Sokolowski
	 	 
	 

	 	Title: Secretary	 	 

 

 

SUBSIDIARY GUARANTORS (Continued):

	 	 	 	 	 
	 
	 	 	 	 
	1100591 ALBERTA LTD.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Jeff Weiss	 	 
	 

	 	 	 	 
	 

	 	Name: Jeff Weiss	 	 
	 

	 	Title: Chairman	 	 
	I/We have authority to bind the Corporation	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	656790 B.C. LTD.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Jeff Weiss	 	 
	 

	 	 	 	 
	 

	 	Name: Jeff Weiss	 	 
	 

	 	Title: Chairman	 	 
	I/We have authority to bind the Corporation	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	MONEY CARD CORP.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Jeff Weiss	 	 
	 

	 	 	 	 
	 

	 	Name: Jeff Weiss	 	 
	 

	 	Title: Chairman	 	 
	I/We have authority to bind the Corporation	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	MONEY MART CANADA INC.	 	 
	 
	 	 	 	 
	By:

	 	/s/ Jeff Weiss	 	 
	 

	 	 	 	 
	 

	 	Name: Jeff Weiss	 	 
	 

	 	Title: Chairman	 	 
	I/We have authority to bind the Corporation	 	 

 

 

SUBSIDIARY GUARANTORS (Continued):

	 	 	 	 	 
	Executed as a deed and delivered by	 	 
	 
	 	 	 	 
	DFG WORLD, INC.	 	 
	acting under the authority of that company	 	 
	 
	 	 	 	 
	in the presence of: Peter Sokolowski	 	 
	Witness name: Brighid E. de Garas	 	 
	Signature: /s/ Brighid E. de Garas	 	 
	Address:

	 	1436 Lancaster Avenue	 	 
	 

	 	Berwyn, PA 19312	 	 
	 
	 	 	 	 
	Executed as a deed and delivered by	 	 
	 
	 	 	 	 
	DOLLAR FINANCIAL U.K. LIMITED	 	/s/ Jeff Weiss
	 

	 	 	 	 
	 

	 	 	 	Director
	 
	 	 	 	 
	acting by	 	 
	and	 	/s/ Peter Sokolowski
	 

	 	 	 	 
	 

	 	 	 	Secretary
	 
	 	 	 	 
	Executed as a deed and delivered by	 	 
	 
	 	 	 	 
	INSTANT CASH LOANS LIMITED	 	/s/ Jeff Weiss
	 

	 	 	 	 
	 

	 	 	 	Director
	 
	 	 	 	 
	acting by	 	 
	and	 	/s/ Peter Sokolowski
	 

	 	 	 	 
	 

	 	 	 	Secretary
	 
	 	 	 	 
	Executed as a deed and delivered by	 	 
	 
	 	 	 	 
	CASH CENTRES CORPORATION LIMITED	 	/s/ Jeff Weiss
	 

	 	 	 	 
	 

	 	 	 	Director
	 
	 	 	 	 
	acting by	 	 
	and	 	/s/ Peter Sokolowski
	 

	 	 	 	 
	 

	 	 	 	Secretary
	 
	 	 	 	 
	Executed as a deed and delivered by	 	 
	 
	 	 	 	 
	CASH CENTRES LIMITED	 	/s/ Jeff Weiss
	 

	 	 	 	 
	 

	 	 	 	Director
	 
	 	 	 	 
	acting by	 	 
	and	 	/s/ Peter Sokolowski
	 

	 	 	 	 
	 

	 	 	 	Secretaryexv10w2

 

Exhibit 10.2

DOLLAR FINANCIAL CORP.

FIRST AMENDMENT TO CREDIT AGREEMENT

     This FIRST AMENDMENT TO CREDIT AGREEMENT (this “Amendment”) is dated as of May 22, 2007 and
entered into by and among DOLLAR FINANCIAL CORP., a Delaware corporation (“Holdings”), DOLLAR
FINANCIAL GROUP, INC., a New York corporation (the “US Borrower”), NATIONAL MONEY MART COMPANY, an
unlimited company organized under the laws of the Province of Nova Scotia, Canada (the “Canadian
Borrower”), DOLLAR FINANCIAL U.K. LIMITED, a limited liability company incorporated under the laws
of England and Wales with registered number 03701758 (the “UK Borrower” and together with US
Borrower and Canadian Borrower the “Borrowers”), THE FINANCIAL INSTITUTIONS LISTED ON THE SIGNATURE
PAGES HEREOF, and WELLS FARGO BANK, NATIONAL ASSOCIATION, as administrative agent for Lenders (in
such capacity, “Administrative Agent”) and, solely for purposes of Section 3 hereof, the
Subsidiary Guarantors. Reference is made to that certain Credit Agreement dated as of October 30,
2006 among Holdings, US Borrower, Canadian Borrower, UK Borrower, U.S. Bank National Association,
as Documentation Agent, Credit Suisse Securities (USA) LLC, as Syndication Agent and Wells Fargo
Bank, National Association as Administrative Agent and as Security Trustee (the “Credit
Agreement”). Capitalized terms used herein without definition shall have the same meanings as set
forth in the Credit Agreement, as amended hereby (the “Amended Agreement”).

RECITALS

          WHEREAS, the Borrowers and Lenders desire to amend the Credit Agreement as set forth below in
order to, among other things,

     (i) change the currency of the Canadian Borrower Revolving Facility to Canadian
Dollars, and make corresponding modifications to the interest rates applicable thereto,

     (ii) permit same-day borrowings under the US Borrower Revolving Facility,

     (iii) permit additional secured debt of the UK Borrower in an amount not to exceed
£5,000,000, and

     (iv) make certain modifications to the US Borrower Borrowing Base;

          NOW, THEREFORE, in consideration of the premises and the agreements, provisions and covenants
herein contained, the parties hereto agree as follows:

SECTION 1. AMENDMENTS TO CREDIT AGREEMENT

     A. The definitions of the following terms appearing in quotation marks below are
hereby deleted from Section 1.1 of the Credit Agreement and replaced with the following,
and those of such terms which do not appear therein are hereby added to Section 1.1 in
alphabetical order:

          “ABR”: for any day, a rate per annum (rounded upwards, if necessary, to the next
1/100th of 1%) equal to the greater of (a) the Prime Rate in effect on such day and (b) the Federal
Funds Effective Rate in effect on such day plus 1/2 of 1%; provided, however, that
when used in the context of Canadian Borrower Revolving Loans, clause (b) of this sentence will not
apply. Any change in the ABR due to a change in the Prime Rate or the Federal Funds Effective Rate
shall be effective as of the opening

First Amendment to Credit Agreement

 

 

of business on the effective day of such change in the Prime Rate or the Federal Funds
Effective Rate, respectively.

          “Applicable Margin”: for each Type of Loan, the rate per annum set forth under the
relevant column heading below:

	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 	 
	 	 	Euribor Loans	 	Eurodollar Loans	 	CDOR Loans	 	ABR Loans
	US Borrower
Revolving Loans
	 	 	N/A	 	 	 	3.00	%	 	 	N/A	 	 	 	2.00	%
	Swingline Loans
	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 	 	 	2.00	%
	Canadian Borrower
Revolving Loans
	 	 	N/A	 	 	 	N/A	 	 	 	3.00	%	 	 	2.00	%
	UK Borrower Dollar
Term Loans
	 	 	N/A	 	 	 	3.00	%	 	 	N/A	 	 	 	2.00	%
	UK Borrower Euro
Term Loans
	 	 	3.00	%	 	 	N/A	 	 	 	N/A	 	 	 	N/A	 
	Canadian Borrower
Term Loans and
Delayed Draw Term
Loans
	 	 	N/A	 	 	 	2.75	%	 	 	N/A	 	 	 	1.75	%

; provided, that on and after the first Adjustment Date occurring after the delivery of
financial statements of Holdings pursuant to Section 6.1 covering a period following the
Closing Date of not less than six full fiscal months, the Applicable Margin with respect to US
Borrower Revolving Loans, Swingline Loans and Canadian Borrower Revolving Loans will be determined
pursuant to the Pricing Grid.”

          “Canadian Borrower Revolving Commitment”: as to any Lender, the obligation of such
Lender, if any, to make Canadian Borrower Revolving Loans in an aggregate principal amount not to
exceed the amount set forth under the heading “Canadian Borrower Revolving Commitment” opposite
such Lender’s name on Schedule 1.1A or in the Assignment and Assumption pursuant to which
such Lender became a party hereto, as the same may be changed from time to time pursuant to the
terms hereof. The original amount of the Total Canadian Borrower Revolving Commitments is CDN
$28,500,000.

          “Canadian Dollar” or “CDN $”: the lawful currency of Canada.

          “CDOR Loans”: any Loans the rate of interest applicable to which is based upon the
CDOR Rate.

          “CDOR Rate”: with respect to each day during each Interest Period pertaining to a
CDOR Loan, the rate per annum which is the rate based on the average rate applicable to Canadian
Dollar bankers’ acceptances for the applicable Interest Period appearing on the “Reuters Screen
CDOR Page” (as defined in the International Swaps and Derivatives Association, Inc. 1991
definitions, as modified and amended from time to time), rounded to the nearest 1/100th
of 1% (with .005% being rounded up), at approximately 11:00 a.m. (New York City time) on such date,
or if such date is not a Business Day, then on the immediately preceding Business Day;
provided, that if such rate does not appear on the Reuters Screen CDOR Page on such date as
contemplated, then the CDOR Rate on such date shall be the rate for the Interest Period referred to
above applicable to Canadian Dollar bankers’ acceptances quoted by a bank listed in Schedule 1 of
the Bank Act (Canada) and selected by the Administrative Agent.

2

 

          “CDOR Tranche”: the collective reference to CDOR Loans the then current Interest
Periods with respect to all of which begin on the same date and end on the same later date (whether
or not such Loans shall originally have been made on the same day).

          “Eligible CLP Assets”: The aggregate outstanding principal balance of all CLP Assets
owned by the US Borrower and its Subsidiaries, minus the amount of the loan loss reserve
established by the U.S. Borrower and its Subsidiaries with respect to such CLP Assets, provided
that such calculation shall exclude, without duplication, CLP Assets which:

     (i) are subject to any CLP Program or any CLP Assets Disposition Agreement;

     (ii) are in default or are referred to a collection department or agency

     (iii) are the subject of any defense to payment or any assertion by the obligor
thereunder that such CLP Assets are subject to setoff, or that the obligor disputes its
liability thereunder (or the amount thereof) but only to the extent of such setoff or
dispute;

     (iv) are subject to any proceeding of the type described in Section 8(f) (or the
obligor thereunder is the subject of an event or condition of the type described in Section
8(f));

     (v) are not payable in Dollars or the obligor thereunder is located outside the United
States;

     (vi) do not comply with all material and applicable laws, rules, regulations and orders
of any Government Authority, including the Federal Consumer Credit Protection Act, the
Federal Truth in Lending Act and Regulation Z of the Board of Governors of the Federal
Reserve System; or

     (vii) are not subject to a valid and perfected or registered first priority Lien in
favor of Administrative Agent.

          “First Amendment”: that certain First Amendment to this Agreement, dated as of May 22,
2007.

          “First Amendment Effective Date”: the date the First Amendment to this Agreement
became effective in accordance with its terms.

          “Interest Payment Date”: (a) as to any ABR Loan (including any Swingline Loan) or any
Floating Eurodollar Rate Loan, the last Business Day of each March, June, September and December
(commencing on December 31, 2006) to occur while such Loan is outstanding and the final maturity
date of such Loan, (b) as to any Eurodollar Loan or Euribor Loan or CDOR Loan having an Interest
Period of three months or less, the last day of such Interest Period, (c) as to any Eurodollar
Loan, Euribor Loan or CDOR Loan having an Interest Period longer than three months, each day that
is three months, or a whole multiple thereof, after the first day of such Interest Period and the
last day of such Interest Period, (d) as to any Loan (other than any Revolving Loan that is an ABR
Loan, any Floating Eurodollar Rate Loan and any Swingline Loan, except in the case of the repayment
or prepayment of all Loans or all such Revolving Loans under the applicable Revolving Facility),
the date of any repayment or prepayment made in respect thereof and (e) as to any Swingline Loan,
the day that such Loan is required to be repaid; provided that, notwithstanding the
foregoing, in the case of UK Borrower Dollar Term Loans and UK Borrower Euro Term Loans, the first
Interest Payment Date shall be March 31, 2007, and the UK

3

 

Borrower shall be required to pay on such date, all interest accrued on the UK Borrower Dollar
Term Loans and the UK Borrower Euro Term Loans prior to such date.

          “Interest Period”: as to any Eurodollar Loan, Euribor Loan or CDOR Loan, (a)
initially, (x) in the case of any Eurodollar Loan or CDOR Loan, the period commencing on the
borrowing or conversion date, as the case may be, with respect to such Eurodollar Loan or CDOR
Loan, and ending one, two, three or six months thereafter, as selected by the relevant Borrower in
its Notice of Borrowing or Notice of Conversion/Continuation, as the case may be, given with
respect thereto and (y) in the case of Euribor Loans, the period commencing on the Closing Date and
ending one month thereafter; and (b) thereafter, each period commencing on the last day of the next
preceding Interest Period applicable to such Eurodollar Loan or Euribor Loan or CDOR Loan and
ending one, two, three or six months thereafter, as selected by such Borrower by delivery of an
irrevocable Notice of Conversion/Continuation to the Administrative Agent not later than 12:00
Noon, New York City time, on the date that is three Business Days prior to the last day of the then
current Interest Period with respect thereto; provided that all of the foregoing provisions
relating to Interest Periods are subject to the following:

               (i) if any Interest Period would otherwise end on a day that is not a Business
Day, such Interest Period shall be extended to the next succeeding Business Day
unless the result of such extension would be to carry such Interest Period into
another calendar month in which event such Interest Period shall end on the
immediately preceding Business Day;

               (ii) no Borrower may select an Interest Period under a particular Facility that
would extend beyond the Revolving Termination Date (in the case of any Revolving
Facility) or beyond the date final payment is due on the UK Borrower Dollar Term
Loans, the UK Borrower Euro Term Loans, the Canadian Borrower Term Loans or the
Delayed Draw Term Loans (in the case of the UK Borrower Dollar Term Facility, the UK
Borrower Euro Term Facility, the Canadian Borrower Term Facility or the Delayed Draw
Term Facility, respectively);

               (iii) any Interest Period that begins on the last Business Day of a calendar
month (or on a day for which there is no numerically corresponding day in the
calendar month at the end of such Interest Period) shall end on the last Business
Day of a calendar month; and

               (iv) no Borrower shall select Interest Periods so as to require a payment or
prepayment of any Eurodollar Loan, Euribor Loan or CDOR Loan during an Interest
Period for such Loan.

          “Pari Passu UK Debt”: Indebtedness incurred under Section 7.2(i) secured by liens
incurred under Section 7.3(j) which are made equal in priority to Liens granted under the Security
Documents by an intercreditor or priority agreement entered into pursuant to Section 9.1(d).

          “Prime Rate”: the rate of interest per annum publicly announced from time to time by
Wells Fargo Bank, National Association (or its affiliate designated by it for such purpose), as its
prime rate in effect for loans denominated in the applicable currency at its principal office in
New York City (or such other location as may be designated by it for such purpose) (the Prime Rate
not being intended to be the lowest rate of interest charged by Wells Fargo Bank, National
Association, in connection with extensions of credit to debtors).

4

 

          “US Borrower Borrowing Base”: at any date the sum of (a) eighty-five percent of the
sum of each of the following for the US Borrower and the Domestic Subsidiaries, without
duplication: (i) cash held overnight in store safes, (ii) the balance held in store accounts, (iii)
the amount payable under checks held in store safes, (iv) clearing house transfers initiated on the
previous day and transfers of same-day funds to be credited to store accounts, (v) cash held
overnight by armored car carriers, (vi) eligible government receivables in respect of government
contracts, (vii) cash balances held in demand deposit accounts and/or investment accounts, and
(viii) Eligible CLP Assets; provided that in no event shall any of the items described in
subparagraphs (i) through (viii) above be included in any calculation of the “US Borrower
Borrowing Base” to the extent any of the same are subject to any Liens other than in favor of the
Administrative Agent for the benefit of any of the Lenders and (b) $30,000,000.

     B. Effective as of the First Amendment Effective Date, the Schedule of Canadian
Borrower Revolving Commitments shown on Schedule 1.1A of the Credit Agreement is hereby
deleted and replaced by the schedule shown on Schedule 1.1A.1 attached hereto.

     C. Section 2.4(c) of the Credit Agreement is hereby amended by deleting the
word “Eurodollar” in the first sentence thereof and replacing it with the word “CDOR”.

     D. Section 2.5(a) of the Credit Agreement is hereby deleted and replaced
with the following:

“(a) The Canadian Borrower may borrow under the Canadian Borrower Revolving
Commitments during the Canadian Borrower Revolving Commitment Period on any Business Day,
provided that the Canadian Borrower shall deliver to the Administrative Agent an
irrevocable Notice of Borrowing (which notice must be received by the Administrative Agent
prior to 12:00 Noon, New York City time, at least one Business Day prior to the requested
Borrowing Date), specifying (i) the amount and Type of Canadian Borrower Revolving Loans to
be borrowed, (ii) the requested Borrowing Date, (iii) in the case of CDOR Loans, the
respective amounts of each such Type of Loan and the respective lengths of the initial
Interest Period therefor and (iv) instructions for remittance of the applicable Loans to be
borrowed. Each request by the Canadian Borrower to borrow Canadian Borrower Revolving Loans
hereunder shall be deemed to be a representation and warranty by the Canadian Borrower that,
after giving effect to such borrowing on the requested Borrowing Date, the aggregate amount
of the Canadian Borrower Revolving Extensions of Credit of the Lenders then outstanding
shall not exceed the Canadian Borrower Borrowing Base. Unless otherwise agreed by the
Administrative Agent in its sole discretion, no Canadian Borrower Revolving Loan may be made
as, converted into or continued as a CDOR Loan prior to the date that is three weeks after
the Closing Date. Each borrowing under the Canadian Borrower Revolving Commitments shall be
in an amount equal to (x) in the case of ABR Loans, CDN $500,000 or a whole multiple of CDN
$100,000 in excess thereof (or, if the then aggregate Available Canadian Borrower Revolving
Commitments of the Lenders are less than CDN $500,000, such lesser amount) and (y) in the
case of CDOR Loans, CDN $1,000,000 or a whole multiple of CDN $500,000 in excess thereof.
Upon receipt of any such Notice of Borrowing from the Canadian Borrower, the Administrative
Agent shall promptly notify each Canadian Borrower Revolving Lender thereof. Each Canadian
Borrower Revolving Lender will make the amount of its pro rata share of each
borrowing available to the Administrative Agent for the account of the Canadian Borrower at
the Funding Office prior to 12:00 Noon, New York City time, on the Borrowing Date requested
by the Canadian Borrower in funds immediately available to the Administrative Agent. Such
borrowing will then be made available to the Canadian Borrower by the Administrative Agent
crediting such account as is designated in writing to the Administrative Agent by the
Canadian Borrower, with the aggregate of the amounts made available to the Administrative
Agent by the Canadian Borrower Revolving Lenders and in like funds as received by the
Administrative Agent.”

5

 

     E. Section 2.5(b) of the Credit Agreement is hereby amended by deleting the
first parenthetical appearing therein and replacing it with the following:

     “(which notice must be received by the Administrative Agent (a) not later than 12:00
Noon, New York City time, three Business Days prior to the requested Borrowing Date, in the
case of Eurodollar Loans, or (b) not later than 9:00 A.M., New York City time, on the
Borrowing Date, in the case of ABR Loans or Floating Eurodollar Rate Loans)”

     F. Section 2.9(a) of the Credit Agreement is hereby amended by replacing “$”
with “CDN $”.

     G. Section 2.10 of the Credit Agreement is hereby deleted and replaced with
the following:

“2.10 Optional Prepayments. Each of the Borrowers may at any time and from time to
time prepay their respective Term Loans as provided in Section 2.17(b) or the
Revolving Loans, as provided in Section 2.17(c), in whole or in part, without
premium or penalty, upon irrevocable Notice of Prepayment delivered to the Administrative
Agent no later than 12:00 Noon, New York City time, three Business Days prior thereto, in
the case of Eurodollar Loans, Euribor Loans and CDOR Loans, and no later than 9:00 A.M., New
York City time, on the date thereof, in the case of ABR Loans or Floating Eurodollar Rate
Loans, which notice shall specify the date and amount of prepayment and whether the
prepayment is of Eurodollar Loans, Euribor Loans, CDOR Loans, ABR Loans or Floating
Eurodollar Rate Loans; provided, that if a Eurodollar Loan, Euribor Loan or CDOR
Loan is prepaid on any day other than the last day of the Interest Period applicable
thereto, the Borrowers shall also pay any amounts owing pursuant to Section 2.20;
and provided, further, that if such notice of prepayment indicates that such
prepayment is to be funded with the proceeds of a refinancing of all of the Facilities, such
notice of prepayment may be revoked if such refinancing is not consummated. Upon receipt of
any such Notice of Prepayment the Administrative Agent shall promptly notify each relevant
Lender thereof. If any such notice is given, the amount specified in such notice shall be
due and payable on the date specified therein, together with (except in the case of
Revolving Loans that are ABR Loans and Swingline Loans) accrued interest to such date on the
amount prepaid. Partial prepayments of Term Loans and Revolving Loans shall be in an
aggregate principal amount equal to, (i) in the case of Dollar denominated Loans, $250,000
or a whole multiple of $100,000 in excess thereof, (ii) in the case of Euro denominated
Loans, €150,000 or a whole multiple of €50,000 in excess thereof and (iii) in the case of
Canadian Dollar denominated Loans, CDN $250,000 or a whole multiple of CDN $100,000 in
excess thereof. Partial prepayments of Swingline Loans shall be in an aggregate principal
amount of $100,000 or a whole multiple of $50,000 in excess thereof.

     H. Section 2.12(a) of the Credit Agreement is hereby amended by deleting the
second-to-last sentence thereof and replacing it with the following:

“The Canadian Borrower may elect from time to time to convert CDOR Loans to ABR Loans or, in
the case of Canadian Borrower Revolving Loans, to convert ABR Loans to CDOR Loans, by
delivering the Administrative Agent an irrevocable Notice of Conversion/Continuation
indicating such election no later than 12:00 Noon, New York City time, on the Business Day
preceding the proposed conversion date, provided that any such conversion of CDOR
Loans may only be made on the last day of an Interest Period with respect thereto. Each
Borrower may elect from time to time (except with respect to Canadian Borrower Revolving
Loans) to convert ABR Loans or Floating Eurodollar Rate Loans to Eurodollar Loans, and the
Canadian Borrower may elect to convert ABR Loans to CDOR Loans, in each case by giving the
Administrative Agent prior irrevocable notice of such election no later than 12:00 Noon, New
York City time, on the third

6

 

Business Day preceding the proposed conversion date (which notice shall specify the length
of the initial Interest Period therefor), provided that no ABR Loan or Floating
Eurodollar Rate Loan may be converted into a Eurodollar Loan or CDOR Loan when any Event of
Default has occurred and is continuing.”

     I. Section 2.12(b) of the Credit Agreement is hereby amended in the first
sentence thereof by inserting the words “or CDOR Loan” in each instance after the words “Eurodollar
Loan.”

     J. Section 2.13 of the Credit Agreement is hereby amended by inserting the
following at the end thereof:

“Notwithstanding anything to the contrary in this Agreement, all borrowings, conversions and
continuations of CDOR Loans, and all selections of Interest Periods shall be in such amounts
and be made pursuant to such elections so that, (a) after giving effect thereto, the
aggregate principal amount of the CDOR Loans comprising each CDOR Tranche shall be equal to
CDN $1,000,000 or a whole multiple of CDN $500,000 in excess thereof, and (b) no more than
five CDOR Tranches shall be outstanding under any Facility at any one time.”

     K. Section 2.14(a) of the Credit Agreement is hereby amended by deleting the
words “and (iii)” in the fifth line thereof and replacing them with “, (iii) each CDOR Loan shall
bear interest for each day during each Interest Period with respect thereto at a rate per annum
equal to the CDOR Rate determined for such day plus the Applicable Margin and (iv).”

     L. Section 2.15(a) of the Credit Agreement is hereby amended by deleting the
last sentence thereof and replacing it with the following:

“In computing interest on any Loan, the date of the making of such Loan or the first day of
an Interest Period applicable to such Loan or, with respect to an ABR Loan or Floating
Eurodollar Rate Loan being converted from a CDOR Loan or Eurodollar Loan, the date of
conversion of such CDOR Loan or Eurodollar Loan to such ABR Loan or Floating Eurodollar Rate
Loans, as the case may be, shall be included, and the date of payment of such Loan or the
expiration date of an Interest Period applicable to such Loan or, with respect to an ABR
Loan or Floating Eurodollar Rate Loans being converted to a Eurodollar Loan or CDOR Loan,
the date of conversion of such ABR Loan or Floating Eurodollar Rate Loans to such Eurodollar
Loan or CDOR Loan, as the case may be, shall be excluded; provided that if a Loan is
repaid on the same day on which it is made, one day’s interest shall be paid on that Loan.”

     M. Section 2.16 of the Credit Agreement is hereby amended, (i) subsections
(a) and (b) by inserting the words “, CDOR Rate” immediately after the words “Eurodollar Rate” and,
(ii) by inserting the words “, CDOR Loans” immediately after the words “Eurodollar Loans” in each
instance.

     N. Section 2.18(a) of the Credit Agreement is hereby amended, (i) by
inserting the words “, CDOR Loans” immediately after the words “Eurodollar Loans” in each instance,
(ii) by inserting the words “, CDOR Rate” immediately after the words “Eurodollar Rate” in each
instance.

     O. Section 2.20 of the Credit Agreement is hereby amended, (i) by inserting
the words “, CDOR Loan” immediately after the words “Eurodollar Loan” in each instance and, (ii) by
inserting the words “, in the case of Eurodollar Loans or Euribor Loans” immediately after the word
“may “ in the second sentence thereof.

7

 

     P. Section 6.2(e) of the Credit Agreement is hereby amended by deleting
clause (ii) thereof and replacing it with the following:

“(ii) within two Business Days following the end of each calendar week, as of the close of
business of the US Borrower on the last Business Day of the immediately preceding calendar
week and at and as of such other times as the Administrative Agent may reasonably request, a
US Borrower Borrowing Base Report”

     Q. Section 7.2 of the Credit Agreement is hereby amended by relettering the
existing clause (i) as clause (j), and inserting a new clause (i) providing as follows:

     “(i) Indebtedness of the UK Borrower and its Subsidiaries in an amount not exceeding
£5,000,000 at any one time outstanding; and”

     R. Section 7.3 of the Credit Agreement is hereby amended by relettering the
existing clause (j) as clause (k), and inserting a new clause (j) providing as follows:

     “(j) Liens on assets of the UK Borrower and its Subsidiaries securing Indebtedness
incurred under Section 7.2(i); and”

     S. Section 8(e) of the Credit Agreement is hereby amended by deleting the
last proviso thereof and replacing it with the following:

“provided, that a default, event or condition described in clause (i), (ii) or
(iii) of this paragraph (e) shall not at any time constitute an Event of Default unless, at
such time, one or more defaults, events or conditions of the type described in clauses (i),
(ii) and/or (iii) of this paragraph (e) shall have occurred and be continuing with respect
to either Pari Passu UK Debt or Indebtedness the outstanding principal amount of which
exceeds in the aggregate $10,000,000.”

     T. Section 9.1 of the Credit Agreement is hereby amended by relettering the
existing clause (d) as clause (e), and inserting a new clause (d) providing as follows:

     “(d) Each Lender hereby authorizes and appoints the Administrative Agent and Security
Trustee to enter into intercreditor or priority agreements with lenders under
Indebtedness permitted by Section 7.2(i) (or their agents, trustees or representatives) for
the purpose of making the Liens permitted by Section 7.3(j) equal in priority with the Liens
on assets of the UK Borrower and its Subsidiaries granted pursuant to the Security
Documents, provided that such intercreditor or priority agreement shall not place
any restriction on the Security Trustee’s or the Lenders’ rights to foreclose or pursue
other remedies under the Security Documents but shall provide for ratable sharing of any
proceeds of collateral.”

     U. Section 11.6(b)(ii)(A) of the Credit Agreement is hereby amended by
deleting the words “shall not be less than $1,000,000 (or, solely in the case of any Revolving
Commitments or Revolving Loans, $500,000)” and replacing them with the words “shall not be less
than $1,000,000, €750,000 or CDN $1,000,000, as applicable (or, solely in the case of any Revolving
Commitments or Revolving Loans, $500,000, €350,000 or CDN $1,000,000, as applicable)”.

     V. The Canadian Borrower and each Canadian Borrower Revolving Lender is hereby
authorized and instructed to make necessary and appropriate modifications reflective of the above

8

 

modifications to the Credit Agreement when using Form A-1 (Form of Assignment and Assumption),
Form B-1 (Form of Canadian Borrower Borrowing Base Report), Form C-1 (Form of Canadian Borrower
Revolving Loan Note), Form J-1 (Form of Notice of Borrowing), Form J-2 (Form of Notice of
Conversion/Continuation) and Form J-3 (Form of Notice of Prepayment).

SECTION 2. REPRESENTATIONS AND WARRANTIES

          In order to induce Lenders and Administrative Agent to enter into this Amendment, Holdings and
the Borrowers each represents and warrants to each Lender and Administrative Agent that the
following statements are true, correct and complete:

          (i) Holdings and each Borrower has all requisite corporate power and authority to
enter into this Amendment and to carry out the transactions contemplated by, and perform its
obligations under, the Amended Agreement;

          (ii) the execution and delivery of this Amendment and the performance of the Amended
Agreement have been duly authorized by all necessary corporate action on the part of Holdings and
each Borrower;

          (iii) the execution and delivery by Holdings and each Borrower of this Amendment and
the performance by Holdings and each Borrower of the Amended Agreement do not and will not (i)
violate any Requirement of Law, (ii) conflict with, result in a breach of or constitute (with due
notice or lapse of time or both) a default under any material Contractual Obligation of any Group
Member, (iii) result in or require the creation or imposition of any Lien upon any of the
properties or assets of any Group Member (other than Liens created under any of the Loan Documents
in favor of Administrative Agent on behalf of Lenders), or (iv) require any approval of
stockholders or any approval or consent of any Person under any material Contractual Obligation of
any Group Member;

          (iv) the execution and delivery by Holdings and each of the Borrowers of this
Amendment and the performance by Holdings and each of the Borrowers of the Amended Agreement do not
and will not require any registration with, consent or approval of, or notice to, or other action
to, with or by, any federal, state or other governmental authority or regulatory body;

          (v) this Amendment and the Amended Agreement have been duly executed and delivered
by Holdings and each of the Borrowers and are the legally valid and binding obligations of Holdings
and each of the Borrowers, enforceable against Holdings and each of the Borrowers in accordance
with their respective terms, except as may be limited by bankruptcy, insolvency, reorganization,
moratorium or similar laws relating to or limiting creditors’ rights generally or by equitable
principles relating to enforceability;

          (vi) the representations and warranties contained in Section 4 of the Credit
Agreement are and will be true, correct and complete in all material respects on and as of the date
hereof and the First Amendment Effective Date to the same extent as though made on and as of such
dates, except to the extent such representations and warranties specifically relate to an earlier
date, in which case they were true, correct and complete in all material respects on and as of such
earlier date; and

          (vii) no event has occurred and is continuing or will result from the consummation
of the transactions contemplated by this Amendment that would constitute an Event of Default or a
Default.

9

 

SECTION 3. ACKNOWLEDGEMENT AND CONSENT

     Each Subsidiary Guarantor has read this Amendment and consents to the terms hereof and further
hereby confirms and agrees that, notwithstanding the effectiveness of this Amendment, the
obligations of such Subsidiary Guarantor under, and the Liens granted by such Subsidiary Guarantor
as collateral security for the indebtedness, obligations and liabilities evidenced by the Credit
Agreement and the other Loan Documents pursuant to, each of the Loan Documents to which such
Subsidiary Guarantor is a party shall not be impaired and each of the Loan Documents to which such
Subsidiary Guarantor is a party is, and shall continue to be, in full force and effect and is
hereby confirmed and ratified in all respects.

     Each of Holdings, the Borrowers and the Subsidiary Guarantors hereby acknowledges and agrees
that the obligations secured by the Security Documents will include all Obligations under, and as
defined in, the Credit Agreement (as amended hereby).

     Each Subsidiary Guarantor acknowledges and agrees that (i) notwithstanding the conditions to
effectiveness set forth in this Amendment, such Subsidiary Guarantor is not required by the terms
of the Credit Agreement or any other Loan Document to consent to the amendments to the Credit
Agreement effected pursuant to this Amendment and (ii) nothing in the Credit Agreement, this
Amendment or any other Loan Document shall be deemed to require the consent of such Subsidiary
Guarantor to any future amendments to the Credit Agreement.

SECTION 4. CONDITIONS TO EFFECTIVENESS

     Except as set forth below, this Amendment shall become effective only upon the satisfaction of
the following conditions precedent (the date such conditions are fulfilled is hereafter referred to
as the “First Amendment Effective Date”):

     A. Amendment. Administrative Agent shall have executed this Amendment and
received a counterpart of this Amendment that bears the signature of each of the Borrowers,
Holdings, each of the Subsidiary Guarantors, Required Lenders, each of the Canadian Borrower
Revolving Lenders and Majority US Borrower Revolving Lenders.

     B. Revolving Loans. Prior to or concurrently with the effectiveness of this
Amendment, all Canadian Borrower Revolving Loans outstanding on the First Amendment Effective Date
shall be repaid by the Borrower on the First Amendment Effective Date (all requirements for prior
notice of such prepayment being hereby waived), together with accrued and unpaid interest thereon
and any other amounts due in connection therewith. Such repayment may be made with the proceeds of
a Canadian Dollar borrowing made by the Canadian Borrower under the Canadian Borrower Revolving
Facility on the First Amendment Effective Date (and converted to Dollars for purposes of such
repayment).

     C. Completion of Proceedings. All corporate and other proceedings taken or
to be taken in connection with the transactions contemplated hereby and all documents incidental
thereto not previously found acceptable by Administrative Agent and its counsel shall be
satisfactory in form and substance to Administrative Agent and such counsel, and Administrative
Agent and such counsel shall have received all such counterpart originals or certified copies of
such documents as Administrative Agent may reasonably request.

     D. Fees and Expenses. Administrative Agent shall have received all of
Administrative Agent’s reasonable costs and expenses as described in subsection 11.5 of the Credit
Agreement incurred by Administrative Agent (including, without limitation, the reasonable fees and
disbursements of

10

 

Skadden, Arps, Slate, Meagher & Flom LLP) in connection with this Amendment and the documents
and transactions related hereto.

SECTION 5. MISCELLANEOUS

     A. Reference to and Effect on the Credit Agreement and the Other Loan Documents.

     (i) On and after the effective date of this Amendment, each reference in the
Credit Agreement to “this Agreement”, “hereunder”, “hereof”, “herein” or words of like
import referring to the Credit Agreement and each reference in the other Loan Documents to
the “Credit Agreement”, “thereunder”, “thereof” or words of like import referring to the
Credit Agreement shall mean and be a reference to the Credit Agreement as amended hereby.

     (ii) Except as specifically amended by this Amendment, the Credit Agreement
and the other Loan Documents shall remain in full force and effect and are hereby ratified
and confirmed.

     (iii) The execution, delivery and performance of this Amendment shall not,
except as expressly provided herein, constitute a waiver of any provision of, or operate as
a waiver of any right, power or remedy of Administrative Agent or any Lender under the
Credit Agreement or any of the other Loan Documents.

     B. Headings. Section and subsection headings in this Amendment are included herein
for convenience of reference only and shall not constitute a part of this Amendment for any other
purpose or be given any substantive effect.

     C. Applicable Law. THIS AMENDMENT AND THE RIGHTS AND OBLIGATIONS OF THE PARTIES
HEREUNDER SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH, THE
INTERNAL LAWS OF THE STATE OF NEW YORK (INCLUDING WITHOUT LIMITATION SECTION 5-1401 OF THE GENERAL
OBLIGATIONS LAW OF THE STATE OF NEW YORK).

     D. Counterparts. This Amendment may be executed in any number of counterparts and
by different parties hereto in separate counterparts, each of which when so executed and delivered
shall be deemed an original, but all such counterparts together shall constitute but one and the
same instrument; signature pages may be detached from multiple separate counterparts and attached
to a single counterpart so that all signature pages are physically attached to the same document.

[Remainder of this page intentionally left blank]

11

 

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

	 	 	 	 	 
	 	DOLLAR FINANCIAL CORP., a Delaware corporation

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary 	 
	 
	 	DOLLAR FINANCIAL GROUP, INC., a New York corporation

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary 	 
	 
	 	NATIONAL MONEY MART COMPANY, an unlimited liability company organized under the laws of the Province of Nova Scotia, Canada

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary 	 
	 
	 	DOLLAR FINANCIAL U.K. LIMITED, a limited liability company incorporated under the laws of England and Wales with registered number 03701758

 	 
	 	By:  	/s/ Peter Sokolowski
 	 
	 	 	Name:  	Peter Sokolowski 	 
	 	 	Title:  	Secretary 	 

 

 

	 	 	 	 	 

LENDERS:

	 	 	 	 	 
	 	WELLS FARGO BANK, NATIONAL ASSOCIATION,

as Administrative Agent, as Security Trustee, and as a Lender

 	 
	 	By:  	/s/ Alex Y. Kim
 	 
	 	 	Name:  	Alex Y. Kim 	 
	 	 	Title:  	Vice President 	 
	 
	 	CREDIT SUISSE, CAYMAN ISLANDS BRANCH, as a Lender

 	 
	 	By:  	/s/ Jay Chali
 	 
	 	 	Name:  	Jay Chali 	 
	 	 	Title:  	Director 	 
	 
	 	 	 
	 	By:  	/s/ Bernhard Schmid
 	 
	 	 	Name:  	Bernhard Schmid 	 
	 	 	Title:  	AVP 	 

 

 

	 	 	 	 	 

	 	 	 	 	 
	 	[NAME OF LENDER]

 	 
	 	By:  	 	 
	 	 	Name:  	 	 
	 	 	Title:  	 	 

 

 

	 	 	 	 	 

SUBSIDIARY GUARANTORS (for purposes of Section 3):

ANY KIND CHECK CASHING CENTERS, INC., an Arizona corporation

CASH UNLIMITED OF ARIZONA, INC., an Arizona corporation

CHECK MART OF FLORIDA, INC., a Delaware corporation

CHECK MART OF LOUISIANA, INC., a Louisiana corporation

CHECK MART OF NEW MEXICO, INC., a New Mexico corporation

CHECK MART OF PENNSYLVANIA, INC., a Pennsylvania corporation

CHECK MART OF TEXAS, INC., a Texas corporation

CHECK MART OF WISCONSIN, INC., a Wisconsin corporation

DFG CANADA, INC., a Delaware corporation

DFG INTERNATIONAL, INC., a Delaware corporation

DFG WORLD, INC., a Delaware corporation

DOLLAR FINANCIAL INSURANCE CORP., a Pennsylvania corporation

FINANCIAL EXCHANGE COMPANY OF OHIO, INC., a Delaware corporation

FINANCIAL EXCHANGE COMPANY OF PENNSYLVANIA, INC., a Pennsylvania corporation

FINANCIAL EXCHANGE COMPANY OF PITTSBURGH, INC., a Delaware corporation

FINANCIAL EXCHANGE COMPANY OF VIRGINIA, INC., a Delaware corporation

LOAN MART OF OKLAHOMA, INC., an Oklahoma corporation

MONETARY MANAGEMENT CORPORATION OF PENNSYLVANIA, a Delaware corporation

MONETARY MANAGEMENT OF CALIFORNIA, INC., a Delaware corporation

MONETARY MANAGEMENT OF MARYLAND, INC., a Delaware corporation

MONETARY MANAGEMENT OF NEW YORK, INC., a New York corporation

MONEY MART CSO, INC., a Texas corporation

MONEY MART EXPRESS, INC., a Utah corporation

MONEYMART, INC., a Delaware corporation

PACIFIC RING ENTERPRISES, INC., a California corporation

PD RECOVERY, INC., a Pennsylvania corporation

WE THE PEOPLE USA, INC., a Delaware corporation

WE THE PEOPLE LLC., a Delaware limited liability company

	 	 	 	 	 
	 	 	 
	By:  	/s/ Peter Sokolowski
 	 	 
	 	Name:  	Peter Sokolowski 	 	 
	 	Title:  	Secretary 	 	 

 

 

	 	 	 	 	 
	SUBSIDIARY GUARANTORS (Continued):

1100591 ALBERTA LTD.

 	 	 
	By:  	/s/ Donald Gayhardt
 	 	 
	 	Name:  	Donald Gayhardt 	 	 
	 	Title:  	Director 	 	 
	 
	I/We have authority to bind the Corporation

656790 B.C. LTD.

 	 	 
	By:  	/s/ Donald Gayhardt
 	 	 
	 	Name:  	Donald Gayhardt 	 	 
	 	Title:  	Director 	 	 
	 
	I/We have authority to bind the Corporation

MONEY CARD CORP.

 	 	 
	By:  	/s/ Donald Gayhardt
 	 	 
	 	Name:  	Donald Gayhardt 	 	 
	 	Title:  	Director 	 	 
	 
	I/We have authority to bind the Corporation

MONEY MART CANADA INC.

 	 	 
	By:  	/s/ Donald Gayhardt
 	 	 
	 	Name:  	Donald Gayhardt 	 	 
	 	Title:  	Director 	 	 
	 

I/We have authority to bind the Corporation

 

 

SUBSIDIARY GUARANTORS (Continued):

Executed as a deed and delivered by

DFG WORLD, INC.

acting under the authority of that company

in the presence of:

Witness name:

Signature:

Address:

	 	 	 	 	 
	Executed as a deed and delivered by

	 	 	 	 
	 
	 	 	 	 
	DOLLAR FINANCIAL U.K. LIMITED

	 	/s/ Donald Gayhardt	 	 
	 

	 	 	 	 
	 

	 	Director	 	 
	 
	 	 	 	 
	acting by
	 	 	 	 
	and

	 	/s/ Peter Sokolowski	 	 
	 

	 	 	 	 
	 

	 	Secretary	 	 
	 
	 	 	 	 
	Executed as a deed and delivered by
	 	 	 	 
	 
	 	 	 	 
	INSTANT CASH LOANS LIMITED

	 	/s/ Donald Gayhardt	 	 
	 

	 	 	 	 
	 

	 	Director	 	 
	 
	 	 	 	 
	acting by
	 	 	 	 
	and

	 	/s/ Peter Sokolowski	 	 
	 

	 	 	 	 
	 

	 	Secretary	 	 
	 
	 	 	 	 
	Executed as a deed and delivered by
	 	 	 	 
	 
	 	 	 	 
	CASH CENTRES CORPORATION LIMITED

	 	/s/ Donald Gayhardt	 	 
	 

	 	 	 	 
	 

	 	Director	 	 
	 
	 	 	 	 
	acting by
	 	 	 	 
	and

	 	/s/ Peter Sokolowski	 	 
	 

	 	 	 	 
	 

	 	Secretary	 	 
	 
	 	 	 	 
	Executed as a deed and delivered by
	 	 	 	 
	 
	 	 	 	 
	CASH CENTRES LIMITED

	 	/s/ Donald Gayhardt	 	 
	 

	 	 	 	 
	 

	 	Director	 	 
	 
	 	 	 	 
	acting by
	 	 	 	 
	and

	 	/s/ Peter Sokolowski	 	 
	 

	 	 	 	 
	 

	 	Secretary

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