Document:

Equity Incentive Plan Performance Share Award

 EXHIBIT 4.6 
 NICHOLAS FINANCIAL, INC. 
 EQUITY INCENTIVE PLAN 
 PERFORMANCE SHARE AWARD 
 [Name] 
 [Address] 
 Dear
                                : 
 You have been granted a Performance Share award for shares of common stock of Nicholas Financial, Inc. (the “Company”) under the Nicholas Financial, Inc. Equity
Incentive Plan (the “Plan”) with the following terms and conditions: 
  

					
	Performance Period:	  	                    , 200   through
                    , 200  
		
	Performance Criteria:	  	You will earn a number of Shares based on the Company’s achievement of the Performance Goal at the end of the Performance Period as follows:
			
	  	  	 Achievement
	  	 Number of Performance Shares Earned

		  	     % of Target
     % of Target
 Target
     % of Target
     % of Target
	  	
		
		  	 The “Target” Performance Goal for the Performance Period is
                                       
 .
  
 If your employment or service terminates prior to the end of the Performance
Period due to death or Disability, you will be eligible to receive a number of Performance Shares equal to the number of shares specified above assuming the Target Performance Goal had been met, multiplied by a fraction, the numerator of which is
the number of days that have elapsed since the first day of the Performance Period to the date of your termination, and the denominator of which is equal to the number of days in the full Performance Period. For this purpose, “Disability”
means that you are unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months, as determined by the Administrator.

			
		  	If your employment or service terminates prior to the end of the Performance Period for any other reason, this Award will terminate in full on the date of such termination and you will not earn
any Performance Shares.
		
	Issuance of Certificates:	  	As soon as practicable after the end of the Performance Period, the Company will issue in your name certificate(s) evidencing your earned Performance Shares. If, however, you terminate
employment or service due to death or Disability, the Company will issue certificate(s) evidencing your earned Performance Shares as soon as practicable after the date of your termination.
		
	 Transferability of
 Shares:
	  	By accepting this Award, you agree not to sell any Shares acquired under this Award at a time when applicable laws, Company policies or an agreement between the Company and its underwriters
prohibit a sale.
		
	Tax Withholding:	  	To the extent that the receipt of the Performance Shares results in income to you for Federal, state or local income tax purposes, you shall deliver to the Company at the time the Company is
obligated to withhold taxes in connection with such receipt, such amount as the Company requires to meet its withholding obligation under applicable tax laws or regulations, and if you fail to do so, the Company has the right and authority to deduct
or withhold from other compensation payable to you an amount sufficient to satisfy its withholding obligations. You may satisfy the withholding requirement, in whole or in part, by electing to have the Company withhold for its own account that
number of Performance Shares otherwise deliverable to you having an aggregate Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax that the Company must withhold in connection with the vesting of such
Shares. Your election must be irrevocable, in writing, and submitted to the Secretary of the Company before the date the Shares are distributed. The Fair Market Value of any fractional Share not used to satisfy the withholding obligation (as
determined on the date the tax is determined) will be paid to you in cash.
		
	Miscellaneous:	  	 •     This Performance Share Award may be amended only by written consent
signed by you and the Company, unless the amendment is not to your detriment.
  
 •     As a condition of the granting of this Award, you agree, for yourself and your legal representatives or guardians, that this Agreement shall be interpreted by the Committee and that
any interpretation by the Committee of the terms of this Agreement and any determination made by the Committee pursuant to this Agreement shall be final, binding and conclusive.
  
 •     This Agreement may be
executed in counterparts.

  

 2 

 This Performance Share Award is granted under and governed by the terms and conditions of the Plan. Additional provisions
regarding your Award and definitions of capitalized terms used and not defined in this Award can be found in the Plan. 
 BY SIGNING BELOW AND
ACCEPTING THIS RESTRICTED STOCK AWARD, YOU 
 AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED HEREIN AND IN THE 
 PLAN. YOU ALSO ACKNOWLEDGE RECEIPT OF THE PLAN AND THE 
 PROSPECTUS DESCRIBING THE PLAN. 
  

					
	  
	 		  	  

	Authorized Officer	 		  	Recipient

  

 3Purchase Agreement

    

     

    

     

    THIS
      PURCHASE AGREEMENT BETWEEN:

     

    

    SUSTUT
      EXPLORATION INC.

    #220
      -
      1420 - 5th Avenue

    Seattle,
      Washington

    98101

    Attention:
      Terry Hughes

     

    

     

    and

     

    

     

    RICHARD
      SIMPSON

    1201
      -
      1188 Quebec Street

    Vancouver,
      BC

    V6A
      4B3

    

     

    RE:
      SALE AND ACQUISITION OF MINERAL CLAIMS, 

     

    NORTH-CENTRAL
      BRITISH COLUMBIA, CANADA

     

    The
      following terms and conditions are applicable for the sale of one mineral claim
      160 km northeast of Smithers, British Columbia, Canada by Richard Simpson
      (herein after referred to as “RS”) to Sustut Exploration Inc. (herein after
      referred to as “SEI”). Both RS and SEI agree to the following: 

     

    
      	
              a)

            	
              RS
                will transfer title to the mineral claim listed in Exhibit “A” and
                outlined in Exhibit “B” to SEI within 30 days of this agreement. This
                claim will be a contiguous hard rock mineral claim totaling 445.70
                hectares. 

            

    

     

    
      	
              b)

            	
              RS
                will provide to SEI within 30 days of this agreement a geological
                report
                summarizing the mineral claims, particulars of recent sampling and
                geological investigation, copies of all records, a budget for further
                work
                and recommendations, and all other information and material relevant
                to a
                geological report requisite for filing with the regulatory
                bodies.

            

    

     

     

    
      
         

      

      
        Page
          2 of 
7

        
          

        

      

      
         

      

    

     

    
      	
              c)

            	
              RS
                will ensure that the claims shall be maintained in good standing
                for up to
                24 months from the date of claim recording and can provide geological
                consulting services for the claims.

            

    

     

    
      
        	
                d)

              	
                
                  RS
                    shall sell 100% (one hundred percent) interest in the claims
                    to SEI
                    subject to a 21⁄2% Net Smelter Royalty (NSR) a total of $25,000.00. 11⁄2% of
                    the NSR can be acquired for $1.0 million within 12 months from
                    commencement of commercial production. Advance royalties of $20,000
                    shall
                    be paid annually commencing January 17,
                    2010.

                

              

      

       

      
        
          
            	
                    e)

                  	
                    
                      If
                        SEI fails to make the advance royalty payments on the 5 year
                        anniversary
                        of the claims, as described in (d) above, then SEI agrees
                        to transfer
                        ownership of the subject mining claims to RS within no less
                        than a 10 day
                        period.

                    

                  

          

           

        

      

    

    SEI
      shall:

     

    
      	
              i)

            	
              Pay
                $55,000 to RS on or before May 15, 2006 and a further $20,000 on
                or before
                May 15, 2008.

            

    

     

    
      	
              ii)

            	
              Provide
                the name and number of an individual or corporate Free Miner Certificate
                to transfer the claims into.

            

    

     

    By
      signature witnessed below, the undersigned hereby acknowledge that they have
      read and understood and agree to the aforementioned terms.

     

    Dated
      at
      Vancouver, British Columbia, Canada this 5th
      day of
      May, 2006.

     

     

    _______________________________      _____________________________

    Terry
      Hughes, Sustut Exploration Inc.        Richard
      Simpson

    

    Witness        
Witness

    

    _____________________________   _____________________________

    

    _____________________________   _____________________________

    Print
      name        Print
      Name

     

    
 

    
      
         

      

      
        Page
          3of 7

        
          

        

      

      
         

      

    

    Footnotes
      to Agreement

     

    
      	
              1)

            	
              All
                dollar figures are denoted in the currency of the United States of
                America.

            

    

    

    
      	
              2)

            	
              The
                total to be paid by SEI to RS or third parties for the claims is
                $70,000
                inclusive of assessment.

            

    

    

    
      	
              3)

            	
              To
                maintain claims in British Columbia annual assessment work is required
                of
                $0.40 per hectare in year 1-3 per claim, followed by $0.80 per hectare
                thereafter. There is a filing fee of $10 per $100 expended per claim.
                

            

    

     

    
      
        	
                4)

              	
                Attached
                  are definitions of NSR.

              

      

      

 

    

     

    
      
         

      

      
        Page
          4of 7

        
          

        

      

      
         

      

    

    Advance
      Royalty Payments
      means
      from time to time payments to the Optionor by the Optionee before Commencement
      of Commercial Production of Minerals.

     

    Commencement
      of Commercial Production,
      with
      respect to Minerals or Rock, as the case may be, means:

     

    	(a)  	
            if
              a mill is located on the subject property, the last day of a period
              of
              forty (40) consecutive days in which, for not less than thirty (30)
              days,
              the mill processed Mineral or Rock from the Property at 60% of its
              rated
              capacity; or

          

     

    	(b)  	
            if
              no Mill is located on the Property, the last day of the first period
              of
              thirty (30) consecutive days during which Mineral or Rock has been
              shipped
              from the Property on a reasonably regular basis for the purpose of
              earning
              revenues; or

          

     

    	(c)  	
            with
              respect to Rock, following the 30th day of extraction for commercial
              use.

          

     

    No
      period
      of time during which ore or concentrate is shipped from the Property for testing
      purposes or during which milling operations are undertaken as initial tune-up
      will be taken into account in determining the date of Commencement of Commercial
      Production.

     

    Gross
      Rock Revenue
      means,
      for any period, the gross proceeds received by the Optionee in that period
      from
      the sale of Rock produced from the Property less any treatment, beneficiation
      or
      other changes or penalties deducted by the purchase to whom such Rock is
      shipped, less:

     

    	(a)  	
            all
              costs of the Optionee associated with such sales involving handling,
              weighing, sampling, determination of water content, insuring, packaging
              and transporting Rock;

          

     

    	(b)  	
            the
              costs of marketing, including rebates or allowances made or given;
              and

          

     

    	(c)  	
            any
              sales, severance, gross production, privilege or similar taxes (other
              than
              income taxes or mining taxes based on
              income).

          

     

    Minerals
      means
      the
      ores or concentrates of minerals, as that term is defined in the Mineral Tenure
      Act (British Columbia), and the rock that is part of such ores and concentrates
      sold by the Optionee.

     

     

    
      
         

      

      
        Page
          5of 7

        
          

        

      

      
         

      

    

     

     

    Net
      Smelter Return means,
      for any period the difference between:

     

    (a) the
      sum
      of:

     

    	(i)  	
            the
              gross proceeds received by the Optionee in that period from the sale
              of
              Minerals produced from the property to a party that is arm’s length to the
              Optionee, or that would have been received by the Optionee if the purchase
              of the Minerals were at arm’s length to the Optionee;
              and

          

     

    	(ii)  	
            in
              the case of the sale of Minerals that are ores that have not been
              processed in a Mill, the estimated cost that would have been incurred
              in
              crushing and beneficiating such Minerals in a Mill as agreed by the
              parties or otherwise determined by a competent mining or metallurgical
              engineer;

          

     

    and

     

    (b) the
      sum
      of:

     

    	(i)  	
            all
              amounts paid on account of Advance Royalty
              Payments;

          

     

    	(ii)  	
            any
              insurance costs in connection with shipping such
              Minerals;

          

     

    	(iii)  	
            any
              costs of transport;

          

     

    	(iv)  	
            all
              costs of the Optionee associated with such sales involving handling,
              weighing, sampling, determination of water content, insuring and
              packaging;

          

     

    	(v)  	
            the
              costs of marketing, adjusted for rebates or allowance made or
              given;

          

     

    	(vi)  	
            any
              sales, severance, gross production, privilege or similar taxes (other
              than
              income taxes or mining taxes based on income) assessed on or in connection
              with the Minerals or the value thereof;
              and

          

     

    	(vii)  	
            any
              treatment, beneficiation or other charges or penalties deducted by
              any
              smelter or refinery to which such Minerals are shipped that have not
              been
              previously deducted in the computation of gross
              proceeds.

          

     

     

    
      
         

      

      
        Page
          6of 7

        
          

        

      

      
         

      

    

     

     

    Net
      Smelter Royalty means
      the
      percentage of Net Smelter Return from time to time payable to the Optionor
      after
      Commencement of Commercial Production from the sale of Minerals.

     

    Rock
      means
      all substances that are mined from the Property and sold by the Optionee that
      are not Minerals.

     

    Rock
      Royalty
      means
      the amount of royalty from time to time payable to the Optionor after
      Commencement of Commercial Production from the sale of Rock pursuant to Section
      11.06.

     

    
      
         

      

      
        Page
          7of 7

        
          

        

      

      
         

      

    

    

     

    

     

    

     

    EXHIBIT
      A:

     

    

     

    Mineral
      Claims

     

    

     

    

     

    EXHIBIT
      B:

     

    

     

    Claim
      Map

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00124-of-00352.parquet"}]]