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| 1.   | Salary – A base salary      rate of $125,000 per annum will be payable through October 1, 2001,      thereafter as Chairman of the Board you will be paid at the annual rate of      $50,000 per annum. |
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| 2.   | Automobile – You will      continue to receive a $750.00 per month car and expense      allowance. |
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| 3.   | Life Insurance – At the      maximum amount available to other officers of the company under the      company Group Life Insurance Plan. |
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| 4.   | Medical Insurance – The      Company will provide medical insurance coverage as provided in the      Company’s Group Major Medical Insurance Plan.  Dental insurance      is available at a nominal cost. |
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| 5.   | Compensation Coverage –      You will have one year employment compensation protection.  This      employment compensation protection means that if you are terminated, the      Company will pay your base salary as provided in 1 above ($125,000 per      annum if terminated before October 1, 2001 and $50,000 per annum if      terminated after October 1, 2001) for one year after termination of      employment.  During that period of time, this salary payment      will cease if you find alternative employment.  In return for      this compensation coverage you will agree not to resign your chairmanship      of the Company prior to the earlier of either October 1, 2001, or the      completion of the Company’s arrangement with First Tennessee Securities,      Inc.  In the event you resign with less than 6 months notice,      you will forfeit any unexercised benefits you have, as well as any      vacation pay that is accrued but unpaid at the time of such      resignation.  This compensation coverage will not apply if you      are part of a group that acquires control of the  Company. |
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| 6.   | Non-Competition – For a      period of one year after leaving employment with the company, you will      not, directly or indirectly, engage in any manner, in any business      activities within the Continental United States involving a casual dining      Mexican restaurant operation. |
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