Action

EZCORP, Inc. Consulting Agreement Derivative Litigation

In the Court of Chancery of the State of Delaware
C.A. No. 9962-VCL

TO:  ALL PERSONS AND ENTITIES WHO HOLD OF RECORD, OR BENEFICIALLY OWN, SHARES OF EZCORP, INC. (“EZCORP) AS OF THE CLOSE OF BUSINESS ON JANUARY 11, 2018 (“EZCORP STOCKHOLDERS”)

Settlement

(a)        In consideration of the full settlement, satisfaction, compromise and release of the Released Plaintiffs’ Claims and the dismissal with prejudice of the Action, on the Payment Date (30 days after the Final Order and Judgment of the Court becomes Final), a settlement payment totaling $6,450,000 (six million four hundred fifty thousand dollars) (the “Settlement Amount”) shall be paid as follows:  (a) EZCORP’s insurance carriers shall pay on behalf of Defendants other than Madison Park $5,450,000 (five million four hundred fifty thousand dollars) into the Escrow Account by the Payment Date, and shall thereafter have no further obligation in connection with the Settlement Amount; and (b) Madison Park shall pay or cause to be paid $1,000,000 (one million dollars) into the Escrow Account by the Payment Date, and shall thereafter have no further obligation in connection with the Settlement Amount.

(b)        No later than five (5) business days after the Payment Date, EZCORP’s counsel shall cause to be paid from the Escrow Account to EZCORP for its benefit the Settlement Amount and any and all interest earned thereon, less any Attorneys’ Fees and Expenses Award (as defined below) awarded to Plaintiff’s Counsel pursuant to their application for fees and expenses in connection with the Settlement.

Settlement Hearing

The Settlement Hearing will be held before The Honorable J. Travis Laster, Vice Chancellor, on April 3, 2018, at 10:00 a.m., at the Court of Chancery of the State of Delaware, Leonard L. Williams Justice Center, 500 North King Street, Wilmington, Delaware 19801.

For additional information, please call: Toll-Free +1 (866) 703-9066