CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION FIRST BANK OF DELAWARE 1000 Rocky Run Parkway Wilmington, Delaware 19803-1455 June 14, 2005
Exhibit 10.1
CONFIDENTIAL PORTIONS OF THIS DOCUMENT HAVE BEEN REDACTED AND
FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION
FIRST BANK OF DELAWARE
0000 Xxxxx Xxx Xxxxxxx
Xxxxxxxxxx, Xxxxxxxx 00000-0000
June 14, 2005
Dollar Financial Group, Inc.
0000 Xxxxxxxxx Xxxxxx — Xxxxx 000
Xxxxxx, Xxxxxxxxxxxx 00000-0000
Re: Amendment of Marketing and Servicing Agreement
Reference is made hereby to the Marketing and Servicing Agreement between us dated October 18, 2002 (the “Agreement”). As used herein, unless the context otherwise requires, all capitalized terms have the meanings ascribed to them in the Agreement.
Exhibit “A” and any amendments thereto is hereby replaced in its entirety with the attached new Exhibit “A.”
Section 4(h) of the Agreement is amended by deleting “[**]” in each place where it occurs and inserting “[**]”in lieu thereof. Commencing six months from the date of this letter, Lender will semiannually reevaluate the amount of [**] required under Section 4(h) and adjust it based on Loans outstanding and services provided by Servicer.
Servicer will purchase all borrower forbearance agreements entered into by Lender [**]. The purchase price of such agreements will be paid by Servicer to Lender through the daily settlement process.
Dollar and its affiliates may issue a press release with respect hereto and may disclose this Amendment to the extent required by the Securities Exchange Act of 1934.
Except as amended hereby, the Agreement is unmodified and shall remain in full force and effect.
| Very truly yours, FIRST BANK OF DELAWARE |
||||
| By: | /s/ Xxxxxx Xxxxxx | |||
| Xxxxxx Xxxxxx | ||||
| Executive Vice President | ||||
Accepted and agreed to this 14th day of
June, 2005:
| DOLLAR FINANCIAL GROUP, INC. |
||||
| By: | /s/ X.X. Xxxxxxxx | |||
| Xxxxxx X. Xxxxxxxx | ||||
| President | ||||
** Confidential material which has been omitted and filed separately with the Securities and Exchange Commission.
Exhibit “A”
(As Revised June 14, 2005)
Pricing
Finance Charge to Borrowers
BANK intends to charge each Borrower a Finance Charge equal to the following dollar amounts per $100 of principal advanced, based on the residence of the Borrower:
[**]
Fees
The Fees shall be, in respect of each $100 of principal advanced:
[**]
Deductions
[**]
Target Loss Rate
The Target Loss Rate is:
[**]
(Reference in this exhibit to particular [**] shall not be deemed to constitute an acknowledgement by BANK that the conditions set forth in the Agreement to the conduct by DOLLAR of marketing and servicing activities in such [**] have been satisfied.)
** Confidential material which has been omitted and filed separately with the Securities and Exchange Commission.
