Document:

Exhibit 10.8

                        EXECUTIVE EMPLOYMENT AGREEMENT
        THIS AGREEMENT IS SUBJECT TO MANDATORY AND BINDING ARBITRATION

      This Employment  Agreement  (the "Agreement")  is  entered into  as  of
 September 30,  2000  (the  "Effective Date"),  by  and  between  First  Cash
 Financial Services,  Inc.  (the  "Company"),  a  Delaware  corporation,  and
 Phillip Eric Powell (the "Executive").

      WHEREAS, Executive  has  provided  a significant  contribution  to  the
 success of the Company over a long period of time, including but not limited
 to the following: Executive has been primarily responsible for building  the
 company from  its inception,  has been  an integral  part of  its  attaining
 fiscal/financial stability, has been its primary guidance in determining the
 strategic vision  of  the  Company,  and  has  forgone  bonuses  and  salary
 adjustments otherwise due and  payable for the good  of the Company and  its
 public shareholders; and

      WHEREAS, Executive is presently employed by the Company pursuant to  an
 employment  agreement  dated  May  31,  1992,  between  the  parties   ("Old
 Employment Agreement"), and the parties  desire to terminate that  agreement
 and enter into a new agreement based  on the terms and conditions set  forth
 below, and

      NOW,  THEREFORE,  in   consideration  of  the   mutual  covenants   and
 obligations hereinafter set forth, the parties agree as follows:

      1.   TERMINATION OF OLD EMPLOYMENT AGREEMENT.

      The parties agree that the Old Employment Agreement shall be terminated
 concurrently with the execution of this Agreement and shall be of no further
 force or effect.  The parties hereto  waive and release all rights they  may
 have under the Old Employment Agreement as of the date hereof.

      2.   EMPLOYMENT.

      The Company  desires  to continue  to  employ the  Executive,  and  the
 Executive agrees to continue to work in the employ of the Company, according
 to the following terms and conditions.

      3.    DUTIES.

      (a) The  Company  will  continue  to  employ  the  Executive  as  Chief
 Executive Officer ("CEO") of the Company.

      (b) The Executive will serve in the Company's employ in that position.
<PAGE>

      (c) Under the direction of the  Board of Directors of the Company  (the
 "Board"), the Executive  shall perform such  duties, and  have such  powers,
 authority, functions,  duties  and  responsibilities  for  the  Company  and
 corporations and other entities affiliated with the Company commensurate and
 consistent with his employment  in the position of  CEO. The Executive  also
 shall  have  such  additional  powers,  authority,  functions,  duties   and
 responsibilities as may  be assigned  to him  by the  Board; provided  that,
 without the Executive's written consent, those additional powers, authority,
 functions, duties and responsibilities shall not be materially  inconsistent
 or interfere with,  or detract from,  those herein vested  in, or  otherwise
 then being performed for the Company by,  the Executive. In the event of  an
 increase in the  Executive's duties,  beyond the  duties of  CEO, the  Board
 shall review the Executive's  compensation and benefits  to determine if  an
 adjustment in  compensation  and  employee benefits  commensurate  with  the
 Executive's new  duties  is  warranted, in  accordance  with  the  Company's
 compensation policies.

      4.    TERM OF EMPLOYMENT.

      The term  of employment  of Executive  is  through December  31,  2005.
 Subject to  the  provisions  of  Section 9,  the  term  of  the  Executive's
 Employment  hereunder  shall  commence  on  September  30,  2000.    At  the
 discretion of  the Board,  the  term of  employment  shall be  extended  for
 additional successive periods of 1 year,  each year beginning on January  1,
 2002, and  each  anniversary  date  thereafter,  provided  that  during  the
 previous  year,  the  Executive  met  the  stipulated  performance  criteria
 established by the Board.

      5.    EXTENT OF SERVICES.

      The Executive shall not at any time during his Employment engage in any
 other business related activities unless  those activities do not  interfere
 materially with the Executive's duties  and responsibilities to the  Company
 at that time. The foregoing, however, shall not preclude the Executive  from
 engaging in appropriate civic, charitable, professional or trade association
 activities or  from serving  on one  or more  other boards  of directors  of
 public or private companies, as long as such activities and services do  not
 conflict with his responsibilities to the Company.

      6.    NO FORCED RELOCATION.

      The Executive shall  not be  required to  move his  principal place  of
 residence from the Arlington, Texas area  or to perform regular duties  that
 could reasonably be expected to require either such move against his wish or
 to spend amounts of time each  week outside the Arlington, Texas area  which
 are unreasonable  in relation  to the  duties  and responsibilities  of  the
 Executive hereunder,  and  the  Company agrees  that,  if  it  requests  the
 Executive to make such a move  and the Executive declines that request,  (a)
 that declination shall  not constitute any  basis for a  termination of  the
 Executive's Employment  and  (b) no  animosity  or prejudice  will  be  held
 against Executive.
<PAGE>

      7.    COMPENSATION.

      (a)   SALARY.

      An annual base salary shall be payable to the Executive by the  Company
 as a guaranteed minimum amount under  this Agreement for each calendar  year
 during the period  from September 30,  2000 to the  termination date of  the
 Executive's Employment. That annual  base salary shall  (i) accrue daily  on
 the basis  of a  365-day year,  (ii)  be payable  to  the Executive  in  the
 intervals consistent with the Company's normal payroll schedules (but in  no
 event less  frequently than  semi-monthly) and  (iii) be  payable  beginning
 September 30, 2000 at  an initial annual rate  of $375,000. The  Executive's
 annual base salary shall not be decreased, but shall be adjusted annually in
 each December  to reflect  such adjustments,  if  any, as  the  compensation
 committee of  the  Board determines  appropriate  based on  the  Executive's
 performance during the  most recent performance  period, in accordance  with
 the Company's compensation policies.  A failure of  the Company to  increase
 the Executive's  annual  base  salary  shall  not  constitute  a  breach  or
 violation of this Agreement by the Company.

      (b) BONUS.

      At the  discretion of  the  Board's compensation  committee,  Executive
 shall be  eligible to  be paid  an  annual bonus  by  the Company  for  each
 calendar year during the period from January 1, 2000 to the termination date
 of the Executive's Employment.  That annual bonus shall  be payable at  such
 rate and in such  amount as is determined  by the compensation committee  of
 the board  of directors.  The Executive's  annual bonus,  if any,  shall  be
 adjusted annually in each December to  reflect such adjustments, if any,  as
 the Board's  compensation  committee  determines appropriate  based  on  the
 Executive's performance  during  the  most  recent  performance  period,  in
 accordance with  the  Company's  compensation policies.  A  failure  of  the
 Company to pay Executive  an annual bonus shall  not constitute a breach  or
 violation of this Agreement by the Company.

      (c)  OTHER COMPENSATION.

      The Executive  shall be  entitled to  participate in  all  Compensation
 Plans from time to time  in effect while in  the Employment of the  Company,
 regardless of whether the Executive is  an Executive Officer. All awards  to
 the Executive  under  all  Incentive  Plans  shall  take  into  account  the
 Executive's positions with  and duties and  responsibilities to the  Company
 and its subsidiaries  and affiliates.   The Company  shall supply  Executive
 with an automobile, the make and model  of which is subject to the  approval
 of the  compensation committee  of the  Board, and  be responsible  for  all
 expenses related thereto throughout the term  of this Agreement.   Executive
 may select an automobile  of his own choosing  which is reasonable in  cost,
 appearance  and  function,  taking  into  account  the  powers,   authority,
 functions, duties  and  responsibilities  of Executive,  and  the  financial
 position and condition of the Company.   In consideration and in support  of
 Executive's  duties  under  this  Agreement,  which  include  fostering  the
 goodwill, growth and earnings  of the Company, the  Company shall pay for  a
 private club  membership for  Executive, for  such amount  as is  reasonable
 taking  into   account  the   powers,  authority,   functions,  duties   and
 responsibilities of  Executive,  subject  to approval  of  the  compensation
 committee of the Board.
<PAGE>

      (d)   EXPENSES.

      The  Executive  shall  be  entitled  to  prompt  reimbursement  of  all
 reasonable business  expenses incurred  by him  in  the performance  of  his
 duties during  the term  of this  Agreement, subject  to the  presenting  of
 appropriate vouchers and receipts in accordance with the Company's policies.

      8.    OTHER BENEFITS.

      (a)   EMPLOYEE BENEFITS AND PROGRAMS.

      During the term of this Agreement, the Executive and the members of his
 immediate family shall be  entitled to participate  in any employee  benefit
 plans or programs of  the Company to the  extent that his position,  tenure,
 salary, age, health and other qualifications  make him or them, as the  case
 may be,  eligible  to participate,  subject  to the  rules  and  regulations
 applicable thereto.

      (b)   SUBSCRIPTIONS AND MEMBERSHIPS.

      The Company shall pay periodical subscription costs and membership fees
 and dues for  the Executive to  join professional organizations  appropriate
 for the Executive,  and which  further the interests  of the  Company.   The
 Company shall also pay or reimburse Executive for Executive's membership  in
 such additional clubs and organizations as may be agreed upon as  reasonable
 and appropriate between Executive and the Company.

      (c)   LOANS TO PAY FEDERAL TAXES.

      If the Executive requests and the Company is in a financial position to
 do so, in the discretion of the Board, the Company may loan to the Executive
 sufficient funds to pay all federal  income tax liability ("Tax  Liability")
 due by reason of the issuance of any  securities of the Company.  Such  loan
 shall bear interest at  the rate of  7%, per annum  (the "Tax Note"),  which
 shall be secured  by Executive's interest  in the securities.  The Tax  Note
 shall be pre-payable at any  time and mature no  later than five years  from
 the date any funds were first  advanced to the Executive under this  Section
 8(c). If the  Executive sells any  such securities (or  any securities  into
 which Company issued securities have been converted) for cash while the  Tax
 Note remains outstanding and unpaid, the Executive shall prepay the Tax Note
 within five business  days after the  Executive receives  the proceeds  from
 that sale in the amount equal to the  lesser of (i) the then unpaid  balance
 plus all interest earned under the Tax  Note or (ii) the cash proceeds,  net
 of any  applicable commission  and other  sale  expense and  any  applicable
 capital gain or other income tax, the Executive receives from that sale. The
 Tax Note shall be payable either in cash or,  in the event that on any  date
 the Executive makes any  payment thereon the Common  Stock is listed on  the
 American Stock Exchange or another national securities exchange or is quoted
 through the  Nasdaq National  Market System  (the "NMS")  and the  Executive
 desires to pay such loan by delivery of shares of Common Stock, in shares of
 Common Stock valued  at the closing  price of the  Common Stock  on (i)  the
 national securities exchange  on which the  Common Stock is  listed (or,  if
 there is more than  one, the national securities  exchange  the Company  has
 designated as the principal market for the Common Stock) or (ii) the NMS, as
 the case may  be, on  the then most  recent day  on which  the Common  Stock
 traded on such national securities exchange or the NMS, as the case may  be;
 provided, however,  that if  the securities  issued by  the Company  to  the
 Executive are not  publicly tradable before  the Tax Note  shall be due  and
 payable, payment of the Tax Note may be made by the Executive tendering  all
 the securities to the Company in exchange for cancellation of the Tax Note.
<PAGE>

      (d)   LOANS TO EXERCISE OPTIONS

      If the  Executive requests,  the Company  shall loan  to the  Executive
 sufficient funds to purchase or exercise  any options owned by Executive  in
 the stock of the Company.   The maximum amount  of funds, which the  Company
 shall loan, shall be determined by the exercise price of such options.  Such
 loan shall bear  interest at  7%, per  annum, and  shall be  evidenced by  a
 promissory note  (the "Option  Note"), secured  by  the subject  options  or
 securities. The Option Note shall be  pre-payable at any time and mature  in
 full no later than five years from the date any funds were first advanced to
 the Executive  under this  Section 8(d).  If the  Executive sells  any  such
 securities (or any securities into which Company issued securities have been
 converted) for cash while  the Option Note  remains outstanding and  unpaid,
 the Executive shall prepay the Option  Note within five business days  after
 the Executive receives the  proceeds from that sale  in the amount equal  to
 the lesser of (i)  the then unpaid balance  of the Option  Note or (ii)  the
 cash proceeds, net of any applicable  commission and other sale expense  and
 any applicable capital gain or other income tax, the Executive receives from
 that sale. The Option Note shall be payable either in cash or, in the  event
 that on any date the Executive makes any payment thereon the Common Stock is
 listed on  the  American  Stock  Exchange  or  another  national  securities
 exchange or is quoted through the Nasdaq National Market System (the  "NMS")
 and the Executive desires to pay such  loan by delivery of shares of  Common
 Stock, the Common Stock will  be valued at the  closing price of the  Common
 Stock on (i) the national securities  exchange on which the Common Stock  is
 listed (or, if there is more than one, the national securities exchange  the
 Company has designated as the principal market for the Common Stock) or (ii)
 the NMS, as the case may be, on the then most recent day on which the Common
 Stock traded on such  national securities exchange or  the NMS, as the  case
 may be; provided, however, that if  the securities issued by the Company  to
 the Executive are not publicly tradable before the Option Note shall be  due
 and payable,  payment  of the  Option  Note may  be  made by  the  Executive
 tendering all the Common Stock issued  from the proceeds of the Option  Note
 to the Company in exchange for cancellation of the Option Note.

      (e)   VACATION.

      The Executive shall be  entitled to four weeks  of vacation leave  with
 full pay during each year of this Agreement (each such year being a 12-month
 period ending on the  one year anniversary date  of the commencement of  the
 Executive's employment.) The times for such  vacations shall be selected  by
 the Executive, provided the dates selected do not interfere materially  with
 the performance  of  Executive's  duties  and  responsibilities  under  this
 agreement. The Executive may accrue up to eight weeks of vacation time  from
 year to year,  but vacation  time otherwise shall  not accrue  from year  to
 year.

      (f)  BOOKKEEPING AND ACCOUNTING

      The  Executive  shall  be  entitled  to  Company  paid  or  reimbursed,
 bookkeeping services up to $300 per month and annual accounting services  of
 up to $700 per year.
<PAGE>

      (g)   INSURANCE

      For the term of this Agreement, the Company will provide, at no cost to
 Executive, term life insurance  benefits under two  separate policies.   The
 first policy  shall  be  in  the  amount of  $2  million  with  the  Company
 designated as the beneficiary.  The second policy shall be in the amount  of
 $4 million  with  the  loss payee  designated  by  the Executive.    In  the
 discretion of the  Board, during  the term  of this  Agreement, the  Company
 shall also provide, at no cost to Executive, disability insurance sufficient
 to provide, in the event Executive becomes disabled, payments that would  be
 made to  Executive equal  or up  to  the amount  equal to  Executive's  base
 salary, as of the date of  disability, provided such coverage is  reasonably
 available at  reasonable cost.   Executive  may procure  his own  disability
 coverage and be reimbursed, if the same is not provided by the Company.

      9.    TERMINATION.

      The Executive's Employment  hereunder may  be terminated  prior to  the
 term provided for in Section 4 only under the following circumstances:

      (a)   DEATH.

      The Executive's Employment shall terminate automatically on the date of
 his death.

      (b)   DISABILITY.

      If a Disability  occurs and is  continuing, the Executive's  Employment
 shall terminate  180 days  after the  Company  gives the  Executive  written
 notice that  it intends  to  terminate his  Employment  on account  of  that
 Disability, or on such later date  as the Company specifies in such  notice.
 If the Executive resumes the performance of substantially all of his  duties
 under this Agreement before the termination becomes effective, the notice of
 intent to terminate  shall be deemed  to have been  revoked.  Disability  of
 Executive shall not prevent the Company from making necessary changes during
 the period of Executive's Disability to conduct its affairs.

      (c)   VOLUNTARY TERMINATION.

      The Executive may terminate his Employment at any time and without Good
 Cause with 90 days' prior written notice to the Company.
<PAGE>

      (d) TERMINATION FOR GOOD CAUSE.

      The Executive may terminate his Employment  for Good Cause at any  time
 within 180 days (90 days if the Good Cause is the occurrence of a Change  of
 Control) after the Executive  becomes consciously aware  that the facts  and
 circumstances constituting Good Cause exist are continuing and by giving the
 Company 30  days'  prior  written  notice  that  the  Executive  intends  to
 terminate his  Employment  for Good  Cause,  which notice  will  state  with
 specificity the basis  for Executive's  contention that  Good Cause  exists;
 provided, however, that  if Executive  terminates for  Good Cause  due to  a
 Change in Control, the Change in Control  must actually occur.  A Change  in
 Control will not  be deemed to  have actually occurred  merely because of  a
 pending or  possible event.   The  Executive shall  not have  Good Cause  to
 terminate his Employment solely by reason  of the occurrence of a Change  in
 Control until 90 days after the date such Change in Control actually occurs.
 The  Executive  may  not  terminate  for   Good  Cause  if  the  facts   and
 circumstances constituting Good Cause are substantially cured by the Company
 within 30 days following notice to the Company.

      (e) INVOLUNTARY TERMINATION.

      The Executive's Employment is at will.  The Company reserves the  right
 to terminate  the  Executive's  Employment at  anytime  whatsoever,  without
 cause, with 30 days' prior written notice to the Executive.

      (f) INVOLUNTARY TERMINATION FOR CAUSE.

      The Company reserves the right to terminate the Executive's  Employment
 for Cause. In the event that the Company determines that Cause exists  under
 Section 13(f)(i)  for the  termination of  the Executive's  Employment,  the
 Company shall provide in writing (the "Notice of Cause"), the basis for that
 determination and the manner, if any, in which the breach or neglect can  be
 cured. If  either the  Company has  determined that  the breach  or  neglect
 cannot be cured, as  set forth in the  Notice of Cause,  or has advised  the
 Executive in  the Notice  of Cause  of the  manner in  which the  breach  or
 neglect can be cured, but the  Executive fails to substantially effect  that
 cure within 60 days after  his receipt of the  Notice of Cause, the  Company
 shall be entitled  to give  the Executive  written notice  of the  Company's
 intention to  terminate Executive's  Employment for  Cause (the  "Notice  of
 Intent to  Terminate"). Executive  shall have  the right  to object  to  any
 Notice  of  Intent  to  Terminate  Executive's  Employment  for  Cause,   by
 furnishing the Company within ten days of receipt by Executive of the Notice
 of Intent  to Terminate  Executive's Employment  for Cause,  written  notice
 specifying the reasons  Executive contends  either (i)  Cause under  Section
 13(f)(i) does not exist or has been timely cured or (ii) in the circumstance
 of a Notice of  Intent to Terminate Executive's  Employment for Cause  under
 Section 13(f)(ii), that such Cause does not exist (the "Notice of Intent  to
 Join Issue over  Cause").  The  failure of Executive  to timely furnish  the
 Company with a  Notice of Intent  to Join Issue  over Cause  shall serve  to
 conclusively establish  Cause hereunder,  and the  right of  the Company  to
 terminate the Executive's Employment  for Cause.   Within 30 days  following
 its receipt of  a timely  Notice of  Intent to  Join Issue  Over Cause,  the
 Company  must  either  rescind  the  Notice  of  Intent  to  Terminate   the
 Executive's Employment  for  Cause, or  file  a demand  for  arbitration  in
 accordance with Section 27, to determine whether the Company is entitled  to
 terminate Executive's  Employment for  Cause.   During the  pendency of  the
 arbitration proceeding, and  until such  time as  Executive's Employment  is
 terminated, Executive shall be entitled  to receive Compensation under  this
<PAGE>
 Agreement.  In the  discretion of the Board,  however, the Executive may  be
 reassigned or  suspended with  pay,  during not  only  the pendency  of  the
 arbitration proceeding,  but during  the period  from the  date the  Company
 furnishes Executive with  a Notice of  Intent to  Terminate the  Executive's
 Employment for  Cause  until  such  date  as  the  notice  is  rescinded,  a
 determination  that  Cause  does  not  exist  is  made  in  the  arbitration
 proceeding or in the event of a  determination that Cause does exist in  the
 arbitration proceeding, the effective date of the termination of Executive's
 Employment for Cause.  In the  event that the Company determines that  Cause
 exists under  Section  13(f)(ii)  for the  termination  of  the  Executive's
 Employment, it shall  be entitled to  immediately furnish  Executive with  a
 Notice of Intent  to Terminate  Executive's Employment  without providing  a
 Notice of Cause  or any  opportunity prior to  that notice  to contest  that
 determination. Any  termination  of  the Executive's  Employment  for  Cause
 pursuant to  this  Section 9(f)  shall  be effective  immediately  upon  the
 Executive's receipt of the Company's written notice of that termination  and
 the Cause therefore.

      (g) VOLUNTARY TERMINATION AT CONCLUSION OF TERM

      At the expiration  of the term  of employment as  stated in Section  4,
 either party may terminate this Agreement by giving the other party  written
 notice at least six months before  the expiration of the term of  employment
 stated in Section 4.

      10.    SEVERANCE PAYMENTS.

      Unless effected under  Section 9(g), if  the Executive's Employment  is
 terminated during  the  term  of this  Agreement,  the  Executive  shall  be
 entitled to receive severance payments as follows:

      (a)   If the Executive's  Employment is terminated under Section  9(a),
 (b), (d), (e)  or (g),  the Company  will pay  or cause  to be  paid to  the
 Executive (or,  in  the  case  of a  termination  under  Section  9(a),  the
 beneficiary the  Executive  has designated  in  writing to  the  Company  to
 receive payment pursuant to  this Section 10(a) or,  in the absence of  such
 designation, the Executive's estate):  (i)    the Accrued Salary; (ii)   the
 Other Earned Compensation;  (iii) the  Reimbursable Expenses;  and (iv)  the
 Severance Benefit.    Additionally,  the Company  shall  cancel  Executive's
 obligations under that certain promissory note  dated December 31, 2000,  in
 the principal  amount of  $2,000,395.82 plus  all other  loans and  advances
 (principal and  interest), and  return to  Executive, (or,  in the  case  of
 termination under Section 9(a), the beneficiary the Executive has designated
 in writing to the Company to receive payment pursuant to Section 10(a) or in
 the absence of such  designation, the Executive's  estate) within ten  days,
 all property securing the payment thereof.  Any taxes due by Executive as  a
 result of the forgiveness  under this provision of  the Executive's debt  to
 the Company will be the sole obligation of the Company, and will be promptly
 paid when due.

      (b)   If the Executive's Employment is terminated under Section 9(c) or
 (f), the Company will pay or  cause to be paid to the  Executive: (i)    the
 Accrued Salary determined  as of  and through  the termination  date of  the
 Executive's Employment; (ii)  the Other  Earned Compensation; and (iii)  the
 Reimbursable Expenses.
<PAGE>

      (c)      Any  payments  to  which  the  Executive  (or  his  designated
 beneficiary or  estate, if  Section 9(a)  applies) is  entitled pursuant  to
 paragraph (i)  of subsection  (a) of  this Section  10 or  paragraph (i)  of
 subsection (b) of this Section 10, as  applicable, will be paid in a  single
 lump sum within thirty  days after the termination  date of the  Executive's
 Employment.   At the  sole option  and  election of  the Executive  (or  his
 designated beneficiary or estate, if  Section 9(a) applies), which  election
 shall be made within 30 days  of the termination of Executive's  Employment,
 the Company shall pay the executive the Severance Benefit, if at all, (1) in
 a lump sum  on a present  value basis; (2)  on a semi-monthly  basis (as  if
 Executive's employment had continued), or (3)  on such other periodic  basis
 reasonably requested by Executive (or his designated beneficiary or  estate,
 if Section 9(a) applies), in which event, the payments will be discounted to
 the extent  the periodic  basis selected  by  Executive (or  his  designated
 beneficiary or estate, if Section 9(a) applies) results in an earlier payout
 to Executive  (or his  designated beneficiary  or  estate, if  Section  9(a)
 applies) than if Executive were paid  on a semi-monthly basis.  The  Company
 shall be given credit for all life or disability insurance proceeds paid  to
 Executive   (or  his  designated beneficiary  or  estate,  if  Section  9(a)
 applies) on  any policy  procured, paid  for or  reimbursed by  the  Company
 pursuant to this Agreement (up to $2 million in the case of life insurance).
 Upon the failure  of the Executive  to timely make  an election as  provided
 herein, such option and  election shall revert to  the Company. However,  if
 Section 9(a) applies and the Executive's designated beneficiary or estate is
 the beneficiary of one or more  insurance policies purchased by the  Company
 and then in effect the proceeds of which are payable to that beneficiary  by
 reason of the Executive's  death, then (i) the  Company, at its option,  may
 credit the amount of those proceeds, as and when paid by the insurer to that
 beneficiary,  against  the  payment  to  which  the  Executive's  designated
 beneficiary or estate is entitled pursuant  to paragraph (iv) of  subsection
 (a) of this Section 10  and, if it exercises  that option, (ii) the  payment
 otherwise due pursuant  to that  paragraph (iv)  will bear  interest on  the
 outstanding balance  thereof from  and including  the fifth  day after  that
 termination date to the date of  payment by the insurer to that  beneficiary
 at the rate of interest specified in Section 32; and provided, further, that
 if Section 10(b) applies and the Executive is the beneficiary of  disability
 insurance purchased by the Company and  then in effect, the Company, at  its
 option, may credit the proceeds of  that insurance which are payable to  the
 Executive, valued at their present value  as of that termination date  using
 the interest rate specified in Section 32 and then in effect as the discount
 rate, against the  payment to which  the Executive is  entitled pursuant  to
 paragraph (iv) of subsection (a) of  this Section 10. Any payments to  which
 the Executive  (or his  designated beneficiary  or estate,  if Section  9(a)
 applies) is entitled pursuant to paragraphs (ii) and (iii) of subsection (a)
 or (b) of this Section 10, as applicable, will be paid in a single lump  sum
 within five days after the termination date of the Executive's Employment or
 as soon thereafter as is  administratively feasible, together with  interest
 accrued thereon from and including the fifth day after that termination date
 to the date of payment at the rate of interest specified in Section 32.

      (d) Except as provided in Sections 15, 25 and this Section, the Company
 will have no payment obligations under  this Agreement to the Executive  (or
 his designated beneficiary  or estate, if  Section 9(a)  applies) after  the
 termination date of the Executive's Employment.
<PAGE>
      11.    RESIGNATIONS.

      Upon termination  of  Executive's  employment with  or  without  cause,
 Executive shall resign as  an officer and director  of the Company and  will
 thereafter refuse election as an officer or director of the Company.

      12.    RETURN OF DOCUMENTS.

      Upon termination  of  Executive's  employment with  or  without  cause,
 Executive shall immediately return and deliver to the Company and shall  not
 retain any originals or copies of  any books, papers, price lists,  customer
 contracts, bids, customer  lists, files,  notebooks or  any other  documents
 containing any  of the  Confidential information  or otherwise  relating  to
 Executive's performance of duties under  this Agreement.  Executive  further
 acknowledges and agrees that all such  documents are the Company's sole  and
 exclusive property.

      13.   DEFINITION OF TERMS.

      The following terms used in this Agreement when capitalized shall  have
 the following meanings:

      (a)   ACCRUED SALARY.

      "Accrued Salary" shall mean the salary that has accrued, and the salary
 that would accrue through and  including the last day  of the pay period  in
 which the  termination  date of  the  Executive's Employment  occurs,  under
 Section 7(a),  which  has  not  been  paid  to  the  Executive  as  of  that
 termination date.

      (b)   ACQUIRING PERSON.

      "Acquiring Person" shall mean  any person who  or which, together  with
 all Affiliates and Associates of such person, is or are the Beneficial Owner
 of 50 percent or more  of the shares of  Common Stock then outstanding,  but
 does not include any Exempt Person;  provided, however, that a person  shall
 not be  or become  an Acquiring  Person if  such person,  together with  its
 Affiliates and Associates, shall become the  Beneficial Owner of 50  percent
 or more of the shares of Common Stock then outstanding solely as a result of
 a reduction in the number of shares  of Common Stock outstanding due to  the
 repurchase of Common  Stock by the  Company, unless and  until such time  as
 such person or any Affiliate or  Associate of such person shall purchase  or
 otherwise become the Beneficial Owner of  additional shares of Common  Stock
 constituting 1% or more of the   then outstanding shares of Common Stock  or
 any other person (or  persons) who is (or  collectively are) the  Beneficial
 Owner of  shares  of  Common Stock  constituting  1%  or more  of  the  then
 outstanding shares of Common Stock shall become an Affiliate or Associate of
 such person, unless,  in either such  case, such person,  together with  all
 Affiliates and Associates of such person,  is not then the Beneficial  Owner
 of 50% or more of the shares of Common Stock then outstanding.

      (c)   AFFILIATE.

      "Affiliate" has  the meaning  ascribed  to that  term  in Rule  405  of
 Regulation C.
<PAGE>

      (d)   ASSOCIATE.

      "Associate"  shall  mean,  with  reference  to  any  person,  (i)   any
 corporation, firm, partnership, association, unincorporated organization  or
 other entity (other  than the  Company or a  subsidiary of  the Company)  of
 which that person is  an officer or general  partner (or officer or  general
 partner of a general partner) or is, directly or indirectly, the  Beneficial
 Owner of 10% or more of any class  of its equity securities, (ii) any  trust
 or other estate in which that  person has a substantial beneficial  interest
 or for or of which that person serves  as trustee or in a similar  fiduciary
 capacity and (iii) any relative or spouse of that person, or any relative of
 that spouse, who has the same home as that person.
<PAGE>

      (e)   BENEFICIAL OWNER.

      A specified person shall be deemed the "Beneficial Owner" of, and shall
 be deemed to "beneficially own," any  securities:  (i) of which that  person
 or any of that person's Affiliates or Associates, directly or indirectly, is
 the "beneficial  owner" (as  determined pursuant  to  Rule 13d-3  under  the
 Securities Exchange  Act  of  1934, as  amended  (the  "Exchange  Act"),  or
 otherwise has the  right to vote  or dispose of,  including pursuant to  any
 agreement,  arrangement  or  understanding  (whether  or  not  in  writing);
 provided, however, that a person shall not be deemed the "Beneficial  Owner"
 of, or to "beneficially own," any security under this subparagraph (i) as  a
 result of an agreement, arrangement or  understanding to vote that  security
 if that agreement, arrangement  or understanding: (A)  arises solely from  a
 revocable proxy  or consent  given in  response to  a public  (that is,  not
 including a solicitation exempted by Exchange Act Rule 14a-2(b)(2)) proxy or
 consent  solicitation  made  pursuant  to,  and  in  accordance  with,   the
 applicable provisions of the Exchange Act; and (B) is not then reportable by
 such person on  Exchange Act Schedule  13D (or any  comparable or  successor
 report); (ii)   which  that person  or any  of that  person's Affiliates  or
 Associates, directly or indirectly, has the  right or obligation to  acquire
 (whether that right or obligation is exercisable or effective immediately or
 only after the passage of  time or the occurrence  of an event) pursuant  to
 any agreement, arrangement or understanding (whether  or not in writing)  or
 on the  exercise  of  conversion  rights,  exchange  rights,  other  rights,
 warrants or options, or  otherwise; provided, however,  that a person  shall
 not  be  deemed  the  "Beneficial  Owner"  of,  or  to  "beneficially  own,"
 securities tendered pursuant  to a  tender or  exchange offer  made by  that
 person or  any  of that    person's  Affiliates or  Associates  until  those
 tendered securities are accepted  for purchase or  exchange; or (iii)  which
 are beneficially owned, directly or indirectly, by (A) any other person  (or
 any Affiliate or Associate thereof) with  which the specified person or  any
 of the  specified  person's  Affiliates or  Associates  has  any  agreement,
 arrangement or understanding (whether or not in writing) for the purpose  of
 acquiring, holding, voting (except pursuant to a revocable proxy or  consent
 as described  in the  proviso to  subparagraph (i)  of this  definition)  or
 disposing of any voting securities of the Company or (B) any group (as  that
 term is used in Exchange Act  Rule 13d-5(b)) of which that specified  person
 is a member; provided, however, that nothing in this definition shall  cause
 a person  engaged in  business as  an underwriter  of securities  to be  the
 "Beneficial Owner" of,  or to  "beneficially own,"  any securities  acquired
 through that  person's participation  in good  faith  in a  firm  commitment
 underwriting until  the  expiration  of  40 days  after  the  date  of  that
 acquisition. For  purposes  of this  Agreement,  "voting" a  security  shall
 include voting, granting  a proxy,  acting by  consent making  a request  or
 demand relating to corporate action (including, without limitation,  calling
 a stockholder  meeting) or  otherwise giving  an authorization  (within  the
 meaning of Section 14(a) of the Exchange Act) in respect of such security.

      (f)   CAUSE.

      "Cause" shall mean that the Executive  has  (i)  willfully breached  or
 habitually neglected (otherwise  than by reason  of injury,  or physical  or
 mental  illness,  or  any  disability  as  defined  by  the  Americans  with
 Disabilities Act of 1990, Public Law  101_336, 42 U.S.C.A. S 12101 et  seq.)
 material duties which  he was required  to perform under  the terms of  this
 Agreement, or (ii) committed and been  charged with act(s) of dishonesty  or
 fraud.
<PAGE>

      (g)   CHANGE OF CONTROL.

      "Change of Control" shall mean the occurrence of the following  events:
 (i) any person or entity  becomes an Acquiring Person,  or (ii) a merger  of
 the Company with or  into, or a sale  by the Company  of its properties  and
 assets substantially as an  entirety to, another person  or entity; (iii)  a
 majority of  the  incumbent board  of  directors  cease for  any  reason  to
 constitute at least a majority of the Board; and (iv) immediately after  the
 occurrence of (i), (ii) or (iii) above, any person or entity, other than  an
 Exempt Person, together with all Affiliates and Associates of such person or
 entity, shall be the  Beneficial Owner of  50% or more  of the total  voting
 power of  the  then  outstanding  Voting Shares  of  the  person  or  entity
 surviving that transaction (in  the case or a  merger or consolidation),  or
 the person or entity acquiring those properties and assets substantially  as
 an entirety.

      (h)   COMPANY.

      "Company" shall  mean  (i)  First  Cash  Financial  Services,  Inc.,  a
 Delaware corporation,  and  (ii)  any person  or  entity  that  assumes  the
 obligations of "the  Company" hereunder, by  operation of  law, pursuant  to
 Section 18 or otherwise.

      (i)   COMPENSATION PLAN.

      "Compensation Plan"  shall  mean any  compensation  arrangement,  plan,
 policy, practice  or program  established, maintained  or sponsored  by  the
 Company or any subsidiary  of the Company,  or to which  the Company or  any
 subsidiary of the Company contributes, on behalf of any Executive Officer or
 any member of the immediate family of any Executive Officer by reason of his
 status as such, (i)  including (A) any "employee  pension benefit plan"  (as
 defined in Section 3(2)  of the Employee Retirement  Income Security Act  of
 1974, as amended ("ERISA")) or other "employee benefit plan" (as defined  in
 Section 3(3) of ERISA), (B) any other retirement or savings plan,  including
 any supplemental benefit  arrangement relating to  any plan  intended to  be
 qualified under Section  401(a) of  the Internal  Revenue Code  of 1986,  as
 amended (the "Code"), or  whose benefits are limited  by the Code or  ERISA,
 (C) any "employee welfare plan" (as  defined in Section 3(1) of ERISA),  (D)
 any arrangement, plan, policy, practice  or program providing for  severance
 pay, deferred compensation or insurance benefit, (E) any Incentive Plan  and
 (F) any arrangement, plan, policy, practice  or program (1) authorizing  and
 providing for the payment or reimbursement  of expenses attributable to  air
 travel and hotel occupancy  while traveling on business  for the Company  or
 (2) providing for the  payment of business luncheon  and country club  dues,
 long-distance charges,  mobile phone  monthly air  time or  other  recurring
 monthly charges or any other fringe  benefit, allowance or accommodation  of
 employment, but (ii) excluding  any compensation arrangement, plan,  policy,
 practice or program to the extent it provides for annual base salary.

      (j)   DISABILITY.

      "Disability"  shall   mean   that  the   Executive,   with   reasonable
 accommodation, has been unable  to perform his  essential duties under  this
 Agreement for a period of at least six consecutive months as a result of his
 incapacity due to injury  or physical or mental  illness, any disability  as
 defined in a  disability insurance policy  which provides  coverage for  the
 Executive, or any disability as defined  by the Americans with  Disabilities
 Act of 1990, Public Law 101_336, 42 U.S.C.A. S 12101 et seq.
<PAGE>
      (k)   EMPLOYMENT.

      "Employment" shall mean the salaried employment of the Executive by the
 Company or a subsidiary of the Company hereunder.

      (l)   EXECUTIVE OFFICER.

      "Executive Officer" shall mean any of the chief executive officer,  the
 chief operating officer,  the chief  financial officer,  the president,  any
 executive, regional or  other group  or senior  vice president  or any  vice
 president of the Company.

      (m)   EXEMPT PERSON.

      "Exempt Person" shall mean: (i)(A) the  Company, any subsidiary of  the
 Company, any employee benefit plan of  the Company or any subsidiary of  the
 Company and  (B)  any person  organized,  appointed or  established  by  the
 Company for or pursuant to the terms of any such plan or for the purpose  of
 funding any such plan  or funding other employee  benefits for employees  of
 the Company  or any  subsidiary  of the  Company;  (ii) the  Executive,  any
 Affiliate of the  Executive which the  Executive controls or  any group  (as
 that term is used in Exchange Act  Rule 13d-5(b)) of which the Executive  or
 any such Affiliate is a member.

      (n)   GOOD CAUSE.

      "Good Cause" for  the Executive's termination  of his Employment  shall
 mean: (i) any decrease in the annual  base salary under Section 7(a) or  any
 other violation hereof  in any  material respect  by the  Company; (ii)  any
 material reduction in  the Executive's compensation  under Section 7;  (iii)
 the assignment  to the  Executive of  duties  inconsistent in  any  material
 respect with  the  Executive's  then current  positions  (including  status,
 offices,  titles   and  reporting   requirements),  authority,   duties   or
 responsibilities or  any other  action by  the Company  which results  in  a
 material   diminution   in   those    positions,   authority,   duties    or
 responsibilities; (iv) any  unapproved relocation of  the Executive; or  (v)
 the occurrence of a Change of  Control.  Good Cause  shall not exist if  the
 Company cures within the period prescribed herein.

      (o) INCENTIVE PLAN.

      "Incentive Plan" shall mean any compensation arrangement, plan, policy,
 practice or program established, maintained or  sponsored by the Company  or
 any subsidiary of the Company, or to which the Company or any subsidiary  of
 the Company  contributes,  on behalf  of  any Executive  Officer  and  which
 provides for incentive,  bonus or  other performance-based  awards of  cash,
 securities,  the  phantom  equivalent  of  securities  or  other   property,
 including any stock  option, stock appreciation  right and restricted  stock
 plan, but excluding any plan intended to qualify as a plan under any one  or
 more of Sections 401(a), 401(k) or 423 of the Code.

      (p) OTHER EARNED COMPENSATION.

      "Other Earned Compensation" shall mean  all the compensation earned  by
 the Executive prior to the termination date of his Employment as a result of
 his Employment  (including  compensation  the  payment  of  which  has  been
 deferred by the Executive, but excluding Accrued Salary and compensation  to
 be paid to the  Executive in accordance with  the terms of any  Compensation
 Plan), together  with all  accrued interest  or earnings,  if any,  thereon,
 which has not been paid to the Executive as of that date.
<PAGE>

      (q) REIMBURSABLE EXPENSES.

      "Reimbursable  Expenses"  shall  mean  the  expenses  incurred  by  the
 Executive on or prior to the termination date of his Employment which are to
 be reimbursed to the  Executive under Section 7(c)  and which have not  been
 reimbursed to the Executive as of that date.

      (r) SEVERANCE BENEFIT.

      "Severance Benefit"  shall mean  all  Compensation provided  for  under
 Section 7 through the  remainder of the Executive's  term of employment,  it
 being the parties' intent that, except for a termination under Section 9(c),
 (f) or (g) the Executive  shall receive all Compensation  as if his term  of
 employment continued as provided for under  Section 4.  The term  "Severance
 Benefit" shall also include $1,875,000.00.  In the event the Board exercises
 its option  to extend  the term  of  this Agreement  pursuant to  Section  4
 hereof, the $1,875,000 portion of the Severance Benefit shall be reduced 20%
 for each year the term is extended.

      14.  COVENANTS NOT TO COMPETE

      (a)  Executive's Acknowledgment.    Executive agrees  and  acknowledges
           that in order to assure the Company that it will retain its  value
           as a going concern, it is  necessary that Executive undertake  not
           to  utilize  his  special  knowledge  of  the  business  and   his
           relationships with  customers and  suppliers to  compete with  the
           Company.  Executive further acknowledges that:

           (i)  the Company is and  will be engaged in  the business of  pawn
                shop services,  pay  day  loan  services  and  check  cashing
                services;

           (ii) Executive will occupy a position of trust and confidence with
                the Company prior to the date  of this agreement and,  during
                such period and Executive's employment under this  agreement,
                Company's  trade  secrets  and  with  other  proprietary  and
                confidential information concerning the Company;

           (iii) the agreements  and covenants contained  in this Section  14
                are essential to protect the Company and the goodwill of  the
                business; and

           (iv) Executive's employment with the  Company has special,  unique
                and extraordinary value to the Company and the Company  would
                be irreparably damaged if Executive were to provide  services
                to any person  or entity in  violation of  the provisions  of
                this agreement.

      (b)  Company's Acknowledgement.  The  Company hereby acknowledges  that
           it will  provide  Executive  with confidential  and  trade  secret
           information relating to the  operation of the Company's  business,
           including but not limited  to, customer lists, operating  manuals,
           and financing operations.
<PAGE>

      (c)  Competitive Activities.  Executive hereby agrees that for a period
           commencing on the date hereof and  ending two years following  the
           later of  (i)  termination  of  Executive's  employment  with  the
           Company for  whatever  reason,  and (ii)  the  conclusion  of  the
           period, if any,  during which the  Company is  making payments  to
           Executive, he  will  not,  directly or  indirectly,  as  employee,
           agent, consultant,  stockholder, director,  co-partner or  in  any
           other individual or representative capacity, own, operate, manage,
           control, engage in, invest in or participate in any manner in, act
           as a consultant or  advisor to, render services  for (alone or  in
           association with  any person,  firm,  corporation or  entity),  or
           otherwise assist any  person or  entity (other  than the  Company)
           that engages in or owns, invests in, operates, manages or controls
           any venture or enterprise that  directly or indirectly engages  or
           proposes in engage  in the  business of  pawnshops, check  cashing
           services, payday loan  services or proposes  to in  engage in  the
           business of the distribution or sale of (i) products  distributed,
           sold or  licensed  by the  Company  or services  provided  by  the
           Company at the time  of termination or  (ii) products or  services
           proposed at the time of such termination to be distributed,  sold,
           licensed or provided by the Company within 50 miles of any of  the
           Company's locations   (the "Territory");  provided, however,  that
           nothing contained herein shall  be construed to prevent  Executive
           from investing in the stock of any competing corporation listed on
           a national securities exchange  or traded in the  over-the-counter
           market, but only if Executive is  not involved in the business  of
           said corporation and if Executive and his associates (as such term
           is defined in  Regulation 14(A) promulgated  under the  Securities
           Exchange  Act  of  1934,  as  in  effect  on  the  date   hereof),
           collectively, do not own more than an aggregate of two percent  of
           the stock of  such corporation.   With respect  to the  Territory,
           Executive specifically acknowledges that the Company has conducted
           the business throughout those  areas comprising the Territory  and
           the Company intends to continue to expand the business  throughout
           the Territory.

      (d)  Blue Pencil.  If an arbitrator shall at any time deem the terms of
           this agreement  or any  restrictive covenant  too lengthy  or  the
           Territory too extensive, the other  provisions of this section  14
           shall nevertheless stand, the  restrictive period shall be  deemed
           to  be  the   longest  period   permissible  by   law  under   the
           circumstances and the  Territory shall be  deemed to comprise  the
           largest territory permissible by law under the circumstances.  The
           arbitrator in each case shall reduce the restricted period  and/or
           the Territory to permissible duration or size.

      (e)  Non-Solicitation  of  Employees.    Executive  agrees  that  while
           employed by the Company and for two (2) years after the  cessation
           of the Executive's employment  for whatever reason, the  Executive
           will not recruit, hire or attempt to recruit or hire, directly  or
           assisted by others, any  other employee of  the Company with  whom
           the Executive had contact  during the Executive=s employment  with
           the Company.  For the purposes  of this paragraph Acontact@  means
           any interaction  whatsoever between  the Executive  and the  other
           employee.
<PAGE>

      (f)  Non-Solicitation  of  Customers.    Executive  agrees  that  while
           employed by the Company and for two (2) years after the  cessation
           of the Executive=s employment  for whatever reason, the  Executive
           will not directly or indirectly, for  himself or on behalf of  any
           other person, partnership, company,  corporation or other  entity,
           solicit or  attempt to  solicit, for  the purpose  of engaging  in
           competition with the Company,

           (i)       any  person  or  entity  whose  account  was serviced by
                Executive at the Company; or

           (ii)      any person or entity  who is or has  been a customer  of
                the Company prior to Executive's termination; or

           (iii)     any person  or  entity  the  Company  has  targeted  and
                contacted prior to Executive's termination for the purpose of
                establishing a customer relationship.

      Executive agrees  that  these  restrictions are  necessary  to  protect
 Executive's legitimate business interests,  and Executive agrees that  these
 restrictions will not prevent Executive from earning a livelihood.
<PAGE>

      15. TAX INDEMNITY.

      Should any of the payments of  salary, other incentive or  supplemental
 compensation, benefits,  allowances,  awards,  payments,  reimbursements  or
 other perquisites,  or any  other payment  in  the nature  of  compensation,
 singularly, in any combination  or in the aggregate,  that are provided  for
 hereunder to be paid to or for the benefit of the Executive be determined or
 alleged to  be subject  to an  excise  or similar  purpose tax  pursuant  to
 Section 4999 of  the Code,  or any  successor or  other comparable  federal,
 state or local tax law by reason of being a "parachute payment" (within  the
 meaning of Section 280G of the Code), the parties agree to negotiate in good
 faith changes to this  Agreement necessary to avoid  such excise or  similar
 purpose tax,  without diminishing  Executive's  salary, other  incentive  or
 supplemental   compensation,   benefits,   allowances,   awards,   payments,
 reimbursements or other perquisites, or any  other payment in the nature  of
 compensation.  Alternatively, the  Company shall pay  to the Executive  such
 additional compensation  as  is necessary  (after  taking into  account  all
 federal, state and local taxes payable by  the Executive as a result of  the
 receipt of such additional compensation) to place the Executive in the  same
 after-tax position (including federal, state and local taxes) he would  have
 been in had no such excise or similar purpose tax (or interest or  penalties
 thereon) been  paid or  incurred.  The Company  hereby  agrees to  pay  such
 additional compensation within  the earlier to  occur of  (i) five  business
 days after the Executive notifies the Company that the Executive intends  to
 file a tax return  taking the position that  such excise or similar  purpose
 tax is due and payable in reliance  on a written opinion of the  Executive's
 tax counsel (such tax counsel to be chosen solely by the Executive) that  it
 is more likely than not that such excise tax  is due and payable or (ii)  24
 hours of any notice of or action by the Company that it intends to take  the
 position that such excise tax is due and payable. The costs of obtaining the
 tax counsel opinion  referred to  in clause  (i) of  the preceding  sentence
 shall be borne by the Company, and as long as such tax counsel was chosen by
 the Executive in good faith, the  conclusions reached in such opinion  shall
 not be challenged or  disputed by the Company.  If the Executive intends  to
 make any payment with respect to any such excise or similar purpose tax as a
 result of an  adjustment to the  Executive's tax liability  by any  federal,
 state  or  local  tax  authority,  the  Company  will  pay  such  additional
 compensation by delivering its cashier's check payable in such amount to the
 Executive within five business days after the Executive notifies the Company
 of his intention to  make such payment. Without  limiting the obligation  of
 the Company  hereunder, the  Executive agrees,  in the  event the  Executive
 makes any payment pursuant to the preceding sentence, to negotiate with  the
 Company in good faith with respect to procedures reasonably requested by the
 Company which would afford the Company the ability to contest the imposition
 of such excise or similar purpose tax; provided, however, that the Executive
 will not  be  required  to afford  the  Company  any right  to  contest  the
 applicability of any such excise or  similar purpose tax to the extent  that
 the Executive  reasonably determines  (based upon  the  opinion of  his  tax
 counsel) that such contest is inconsistent with the overall tax interests of
 the Executive.

      16. LOCATIONS OF PERFORMANCE.

      The Executive's services shall be  performed primarily in the  vicinity
 of Arlington, Texas.  The parties acknowledge,  however, that the  Executive
 will be required to travel in connection with the performance of his duties.
<PAGE>

      17. PROPRIETARY INFORMATION.

      (a) The Executive agrees  to comply fully  with the Company's  policies
 relating to non-disclosure  of the Company's  trade secrets and  proprietary
 information and processes. Without limiting the generality of the foregoing,
 the Executive will not, during the term of his Employment, disclose any such
 secrets,  information  or  processes  to  any  person,  firm,   corporation,
 association or other entity for any  reason or purpose whatsoever except  as
 may be required by  law or governmental agency  or legal process, nor  shall
 the Executive make use of any such property for his own purposes or for  the
 benefit of any person, firm, corporation or other entity (except the Company
 or any of its subsidiaries) under any circumstances during or after the term
 of his  Employment, provided  that after  the term  of his  Employment  this
 provision shall not  apply to secrets,  information and  processes that  are
 then in the public domain (provided that the Executive was not  responsible,
 directly or indirectly, for such secrets, information or processes  entering
 the public domain without the Company's consent).

      (b) The Executive hereby  sells, transfers and  assigns to the  Company
 all the entire  right, title and  interest of the  Executive in  and to  all
 inventions,  ideas,  disclosures  and  improvements,  whether  patented   or
 unpatented, and copyrightable material, to the  extent made or conceived  by
 the Executive  solely  or  jointly  with others  during  the  term  of  this
 Agreement    The Executive shall  communicate promptly and  disclose to  the
 Company, in such form as the Company requests, all information, details  and
 data pertaining to the aforementioned and, whether during the term hereof or
 thereafter, the  Executive shall  execute and  deliver to  the Company  such
 formal transfers and assignments and such other papers and documents as  may
 be required of the Executive to permit the Company to file and prosecute any
 patent applications relating to same and,  as to copyrightable material,  to
 obtain copyright thereon.

      (c) Trade secrets, proprietary information  and processes shall not  be
 deemed to include information  which is: (i) known  to the Executive at  the
 time it  is disclosed  to him;  (ii)   publicly known  (or becomes  publicly
 known) without the fault or negligence  of Executive; (iii) received from  a
 third party without restriction and without  breach of this Agreement;  (iv)
 approved for  release  by  written authorization  of  the  Company;  or  (v)
 required to be disclosed by law or legal process; provided, however, that in
 the event of a proposed disclosure  pursuant to this subsection (c)(v),  the
 Executive shall give the Company prior written notice before such disclosure
 is made in a time and  manner which will best  provide the Company with  the
 ability to oppose such disclosure.
<PAGE>

      18.   ASSIGNMENT.

      This Agreement may not be assigned  by either party; provided that  the
 Company may  assign  this Agreement  (i)  in  connection with  a  merger  or
 consolidation involving the Company  or a sale  of its business,  properties
 and assets  substantially as  an entirety  to the  surviving corporation  or
 purchaser as the case may be, so long as such assignee assumes the Company's
 obligations hereunder; and (ii) so long as the assignment in the  reasonable
 discretion of Executive does  not result in a  materially increased risk  of
 non-performance of the Company's obligations hereunder by the assignee.  The
 Company shall  require  as a  condition  of such  assignment  any  successor
 (direct or indirect  (including, without  limitation, by  becoming the  sole
 stockholder of the Company) and whether by purchase, merger,  consolidation,
 share exchange or otherwise) to the  business, properties and assets of  the
 Company substantially  as  an entirety  expressly  to assume  and  agree  to
 perform this Agreement in the same manner and to the same extent the Company
 would have been required to perform  it had no such succession taken  place.
 This Agreement shall  be binding upon  all successors and  assigns.  In  the
 event of a  Change of  Control, and  regardless of  whether the  Executive's
 employment is thereafter  terminated, the Company  shall cancel  Executive's
 obligations under  that  certain  promissory note  dated  12/31/00,  in  the
 principal amount  of  $2,000,395.82,  plus  all  other  loans  and  advances
 (principal and  interest), and  return to  Executive, (or,  in the  case  of
 termination under Section 9(a), the beneficiary the Executive has designated
 in writing to the Company to receive payment pursuant to Section 9(a) or  in
 the absence of such  designation, the Executive's  estate) within ten  days,
 all property securing the payment thereof.  Any taxes due by Executive as  a
 result of the forgiveness  under this provision of  the Executive's debt  to
 the Company will be the sole obligation of the Company.

      19.   NOTICES.

      Any notice required or permitted to be given under this Agreement shall
 be sufficient if in writing and sent by registered or certified mail to  the
 Executive at his residence  maintained on the Company's  records, or to  the
 Company at its  address at 690  E. Lamar Blvd.  Suite 400, Arlington,  Texas
 76011, Attention: Corporate  Secretary, or  such other  addresses as  either
 party shall notify the other in accordance with the above procedure.

      20.   FORCE MAJEURE.

      Neither party shall be liable to the other for any delay or failure  to
 perform hereunder,  which delay  or  failure is  due  to causes  beyond  the
 control of said party, including, but not  limited to: acts of God; acts  of
 the public  enemy;  acts of  the  United States  of  America or  any  state,
 territory or political subdivision thereof or  of the District of  Columbia;
 fires; floods;  epidemics;  quarantine  restrictions;  strikes;  or  freight
 embargoes; provided,  however, that  this Section  20 will  not relieve  the
 Company of  any of  its  payment obligations  to  the Executive  under  this
 Agreement. Notwithstanding the foregoing provisions  of this Section 20,  in
 every case the delay or  failure to perform must  be beyond the control  and
 without the fault or negligence of the party claiming excusable delay.
<PAGE>

      21.   INTEGRATION.

      This  Agreement  represents  the  entire  agreement  and  understanding
 between the parties as to the subject matter hereof and supersedes all prior
 or contemporaneous agreements whether written or oral. No waiver, alteration
 or modification of any of the provisions of this Agreement shall be  binding
 unless in  writing and  signed by  duly  authorized representatives  of  the
 parties hereto.

      22.   WAIVER.

      Failure or delay  on the  part of either  party hereto  to enforce  any
 right, power or  privilege hereunder  shall not  be deemed  to constitute  a
 waiver thereof. Additionally, a  waiver by either party  of a breach of  any
 promise herein by the other  party shall not operate  as or be construed  to
 constitute a waiver of any subsequent breach by such other party.

      23.   SAVINGS CLAUSE.

      If any term, covenant or condition of this Agreement or the application
 thereof to any  person or  circumstance shall to  any extent  be invalid  or
 unenforceable, the remainder of this Agreement,  or the application of  such
 term, covenant or condition to persons or circumstances other than those  as
 to which it is held invalid or unenforceable shall not be affected  thereby,
 and each term, covenant  or condition of this  Agreement shall be valid  and
 enforced to the fullest extent permitted by law.

      24.   AUTHORITY TO CONTRACT.

      The Company warrants and represents to  the Executive that the  Company
 has full  authority to  enter  into this  Agreement  and to  consummate  the
 transactions contemplated hereby and that this Agreement is not in  conflict
 with any other agreement to which the Company is a party or by which it  may
 be bound. The Company further warrants and represents to the Executive  that
 the individual executing  this Agreement on  behalf of the  Company has  the
 full power and authority  to bind the  Company to the  terms hereof and  has
 been authorized  to do  so  in accordance  with  the Company's  articles  or
 certificate of incorporation and bylaws.
<PAGE>

      25.  PAYMENT OF EXPENSES.

      If at any time during the  term hereof or afterwards: (a) there  should
 exist a dispute or conflict between the Executive and the Company or another
 Person as to  the validity,  interpretation or  application of  any term  or
 condition hereof,  or  as to  the  Executive's entitlement  to  any  benefit
 intended to be bestowed hereby, which is not resolved to the satisfaction of
 the Executive,  (b) the  Executive  must (i)  defend  the validity  of  this
 Agreement or (ii) contest  any determination by  the Company concerning  the
 amounts payable (or reimbursable) by the Company to the Executive or (c) the
 Executive must  prepare responses  to an  Internal Revenue  Service  ("IRS")
 audit of, or otherwise defend, his  personal income tax return for any  year
 the subject of any such audit,  or an adverse determination,  administrative
 proceedings or civil litigation arising therefrom, which is occasioned by or
 related to an audit by the IRS of the Company's income tax returns, then the
 Company hereby unconditionally agrees: (a) on written demand of the  Company
 by the Executive, to provide sums sufficient to advance and pay on a current
 basis (either by paying directly or  by reimbursing the Executive) not  less
 than 30 days after a written request therefor is submitted by the Executive,
 all the  Executive's  costs  and expenses  (including,  without  limitation,
 attorney's  fees,  expenses  of  investigation,  travel,  lodging,  copying,
 delivery services and disbursements  for the fees  and expenses of  experts,
 etc.) incurred by the Executive in connection with any such matter; (b)  the
 Executive shall be entitled, on demand in accordance with Section 27, below,
 to the entry of a mandatory injunction without the necessity of posting  any
 bond with respect thereto which compels  the Company to pay or advance  such
 costs and expenses  on a current  basis; and (c)  the Company's  obligations
 under this Section  25 will  not be  affected if  the Executive  is not  the
 prevailing party in  the final resolution  of any such  matter unless it  is
 determined pursuant to Section 27 that, in the  case of one or more of  such
 matters, the Executive has acted in bad faith or without a reasonable  basis
 for his position, in which event and, then only with respect to such  matter
 or matters, the successful or prevailing party or parties shall be  entitled
 to recover from  the Executive reasonable  attorneys' fees  and other  costs
 incurred in connection with  that matter or  matters (including the  amounts
 paid by the Company in  respect of that matter  or matters pursuant to  this
 Section 25), in  addition to any  other relief to  which it or  they may  be
 entitled.

      26.   REMEDIES.

      In the event of a breach by the Executive  of Section 14 or 17 of  this
 Agreement, in addition  to other remedies  provided by  applicable law,  the
 Company will be  entitled to issuance  of a temporary  restraining order  or
 preliminary injunction enforcing its rights under such Section.

      27.   ARBITRATION.

      This Agreement  Is Subject  to Binding  Arbitration.   Any  dispute  or
 controversy arising under  or in connection  with this Agreement  or in  any
 manner associated with Employee's employment (other than those described  in
 Section 26  _  Remedies) shall  be  settled exclusively  by  arbitration  in
 Arlington, Texas, in accordance with the  rules of the American  Arbitration
 Association then in effect.   The parties agree to  execute and be bound  by
 the mutual agreement to arbitrate claims attached hereto as Attachment A.
<PAGE>

      28.   GOVERNING LAW.

      This Agreement shall be  governed by and  construed in accordance  with
 the laws of the State of Texas.

      29.   WAIVER OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST

      Should it become necessary for Executive  to seek to enforce the  terms
 of this Agreement, the Company consents to Executive's use of counsel  which
 either then or may have in  the past represented the Company, provided  that
 counsel  agrees   to   undertake  Executive's   representation,   and   such
 representation and waiver of actual or potential conflicts of interest is in
 accordance with the Texas State Bar Rules, including the Texas  Disciplinary
 Rules of Professional Conduct.   To the extent  permitted by the Rules,  the
 Company waives any  such actual or  potential conflict  of interest  arising
 thereby.

      30.   COUNTERPARTS.

      This Agreement may be executed in counterparts, each of which shall  be
 deemed an original, but all of  which together shall constitute one and  the
 same instrument.

      31.   INDEMNIFICATION.

      The Executive  shall  be indemnified  by  the Company  to  the  maximum
 permitted by the law of the state of the Company's incorporation, and by the
 law of the state of incorporation of any subsidiary of the Company of  which
 the Executive is a director or an officer or employee, as the same may be in
 effect from time to time.

      32.   INTEREST.

      If any  amounts required  to be  paid or  reimbursed to  the  Executive
 hereunder are  not  so paid  or  reimbursed  at the  times  provided  herein
 (including amounts required to be paid  by the Company pursuant to  Sections
 7, 15 and 25), those amounts shall bear interest at the rate of 7% from  the
 date those amounts  were required  to have been  paid or  reimbursed to  the
 Executive until  those amounts  are finally  and fully  paid or  reimbursed;
 provided, however, that in no event shall the amount of interest  contracted
 for, charged or received hereunder exceed the maximum non-usurious amount of
 interest allowed by applicable law.

      33.  TIME OF THE ESSENCE.

      Time is of the essence with respect to any act required to be performed
 by this Agreement.

      34.   PRIOR INSTRUMENTS UNAFFECTED.

      Except for  the  Old Employment  Agreement  which is  being  terminated
 pursuant to this Agreement,  all prior instruments  between the Company  and
 Executive shall remain in full force and effect and the terms and conditions
 thereof shall not be affected by this Agreement.
<PAGE>

 FIRST CASH FINANCIAL SERVICES, INC.            EXECUTIVE

 /S/ RICHARD T. BURKE                           /S/ PHILLIP E. POWELL
 -----------------------------------            -----------------------------
 Richard T. Burke                               Phillip Eric Powell
 Director

<PAGE>

                                ATTACHMENT "A"

                        MUTUAL AGREEMENT TO ARBITRATE

 1.  I, Phillip Eric Powell,  recognize that differences could arise  between
 First Cash  Financial  Services,  Inc. ("the  Company")  and  me  during  or
 following my employment with  the Company.  I  understand and agree that  by
 entering into this Mutual Agreement to  Arbitrate ("Agreement"), I gain  the
 benefits of a speedy, impartial dispute-resolution procedure.

 2.  I understand that any reference in this Agreement to the Company will be
 a reference  also  to  all  stockholders,  directors,  officers,  employees,
 parents, subsidiaries  and  affiliated  entities,  all  benefit  plans,  the
 benefit plans' sponsors, fiduciaries, administrators, and all successors and
 assigns of any of them.

 Claims Covered by the Agreement

 3.  The Company and I mutually agree to the resolution by arbitration of all
 claims or  controversies  ("claims"),  whether or  not  arising  out  of  my
 employment (or its  termination), that the  Company may have  against me  or
 that I may have against the Company.   The claims covered by this  Agreement
 include, but  are not  limited to,  claims  under my  Employment  Agreement,
 claims for wages or  other compensation due; for  breach of any contract  or
 covenant (express  or  implied);  tort  claims;  claims  for  discrimination
 (including, but not limited to, race sex, color, religion, national  origin,
 age (state or federal Age Discrimination in Employment Act), marital status,
 veterans  status,  sexual   preference,  medical   condition,  handicap   or
 disability); claims  for  benefits  (except where  an  employee  benefit  or
 pension plan  specifies that  its claims  procedure  shall culminate  in  an
 arbitration procedure different from this one); and claims for violation  of
 any federal, state, or other law, statute, regulation, or ordinance,  except
 claims excluded in the following paragraphs.

 Claims Not Covered by the Agreement

 4. Claims I may have for workers' compensation or unemployment  compensation
 benefits are not covered by this Agreement.
<PAGE>

 Arbitration

 5.  (a)  Procedure for Injunctive Relief.   In the event either the  Company
 or myself  seeks  injunctive relief,  the  claim shall  be  administratively
 expedited by  the  American  Arbitration Association  ("AAA"),  which  shall
 appoint a single,  neutral arbitrator for  the limited  purpose of  deciding
 such claim.  Such arbitrator shall be a qualified member of the State Bar of
 Texas in good standing, and preferably  shall be a retired state or  federal
 district judge.  The single arbitrator shall decide the claim for injunctive
 relief immediately on hearing or receiving the parties' submissions (unless,
 in the interests of justice, he must rule ex parte); provided, however, that
 the single  arbitrator  shall  rule  on  such  claims  within  24  hours  of
 submission of the claim  to the AAA.   The single arbitrator's ruling  shall
 not extend beyond 14 calendar days and on application by the claimant, up to
 an additional 14  days following  which, after a  hearing on  the claim  for
 injunctive relief, a temporary injunction may issue pending the award.   Any
 relief  granted  under  this  procedure  for  injunctive  relief  shall   be
 specifically enforceable in Harris County District Court on an expedited, ex
 parte basis  and shall  not be  the subject  of any  evidentiary hearing  or
 further submission by either party, but the court, on application to enforce
 a temporary order, shall issue such orders as necessary to its enforcement.

      (b)   Procedure after a Claim  for Injunctive Relief or where no  Claim
 for Injunctive  Relief  Is Made.     The  arbitrator  shall be  selected  as
 follows: in  the  event the  Company  and I  agree  on one  arbitrator,  the
 arbitration shall be conducted by such arbitrator. In the event the  Company
 and I do not  agree, the Company  and I shall  each select one  independent,
 qualified arbitrator, and the two arbitrators  so selected shall select  the
 third arbitrator. The arbitrator(s) are herein  referred to as the  "Panel."
 The Company reserves the  right to object to  any individual arbitrator  who
 shall be employed by or affiliated with a competing organization.

      (c)    The Arbitration  shall take place  at Arlington,  Texas, or  any
 other location mutually  agreeable to us.  At the request  of either of  us,
 arbitration proceedings will  be conducted in  the utmost  secrecy; in  such
 case all  documents, testimony  and records  shall  be received,  heard  and
 maintained by the  Panel in secrecy,  available for inspection  only by  the
 Company or me and our respective  attorneys and our respective experts,  who
 shall agree  in advance  and  in writing  to  receive all  such  information
 confidentially and  to  maintain  such information  in  secrecy  until  such
 information shall become generally known. The  Panel shall be able to  award
 any and  all relief,  including relief  of an  equitable nature.  The  award
 rendered by the Panel  may be enforceable in  any court having  jurisdiction
 thereof.

       (d)  The Company will pay  all the fees and out-of-pocket expenses  of
 each arbitrator  selected  pursuant to  this  Section 5  and  the AAA.    In
 addition, the Company  will pay my  reasonable attorneys'  fees, unless  the
 arbitration is the result of a  termination for cause as defined in  Section
 13(f)(ii) of the Executive Employment Agreement to which this Attachment  is
 appended.

 Requirements for Modification or Revocation

 6.   This  Agreement  to  arbitrate shall  survive  the  termination  of  my
 employment.  It can only be revoked or  modified by a writing signed by  the
 Company and I, which specifically states a mutual intent to revoke or modify
 this Agreement.
<PAGE>

 Sole and Entire Agreement

 7.  This is the complete  agreement of us on  the subject of arbitration  of
 disputes [except  for  any  arbitration agreement  in  connection  with  any
 pension or benefit plan].

 This Agreement  supersedes  any prior  or  contemporaneous oral  or  written
 understanding on the subject.

 8.  Neither of us is relying on any representations, oral or written, on the
 subject of the effect, enforceability or  meaning of this Agreement,  except
 as specifically set forth in this Agreement.

 Construction

 9.  If  any provision of  this Agreement is  found to be  void or  otherwise
 unenforceable, in whole or in part,  such adjudication shall not affect  the
 validity of the remainder of the Agreement.

 Consideration

 10.  The promises by the Company and by me to arbitrate differences,  rather
 than litigate them before courts or  other bodes, provide consideration  for
 each other.   In addition, I  have entered into  an Employment Agreement  as
 further consideration for entering into this Agreement.

 Not an Employment Agreement

 11.  This Arbitration Agreement is  purely procedural.  It does not  provide
 any substantive rights in addition to those provided by applicable law or my
 Employment Agreement.

 Voluntary

 12.   I  acknowledge that  I  have carefully  read  this agreement,  that  I
 understand its terms,  that all  understandings and  agreements between  the
 company and  me  relating to  the  subjects  covered in  the  agreement  are
 contained in it, and that I have entered into the agreement voluntarily  and
 not in reliance on any promises or representations by the company other than
 those contained in this agreement itself.
<PAGE>

 13.  The Age Discrimination in  Employment Act protects individuals over  40
 years of  age from  age  discrimination.   The  ADEA contains  some  special
 requirements before an employee can give up  the right to file a lawsuit  in
 court.    The  following  provisions  are  designed  to  comply  with  those
 requirements.

      a.   I agree  that  this Agreement  to  arbitrate is  valuable  to  me,
 because it permits  a faster resolution  of claims that  I would receive  in
 court.

      b.   I have been advised to consult an attorney before signing this.

      c.   I have 21 days to consider this Agreement.  However, I may sign it
 sooner if I wish to do so.

      d.   I have 7  days following my  signing this Agreement  to revoke  my
 signature, and the  Agreement will not  be legally binding  until the 7  day
 period has gone by.

 33.  I FURTHER ACKNOWLEDGE THAT I HAVE BEEN GIVEN THE OPPORTUNITY TO DISCUSS
 THIS AGREEMENT WITH MY PRIVATE LEGAL COUNSEL AND HAVE AVAILED MYSELF TO THAT
 OPPORTUNITY TO THE EXTENT I WISH TO DO SO.

 First Cash Financial Services, Inc.            Executive

 /S/ RICHARD T. BURKE                           /S/ PHILLIP E. POWELL
 -----------------------------------            -----------------------------
 Richard T. Burke                               Phillip Eric Powell
 DirectorExhibit 10.15

                        EXECUTIVE EMPLOYMENT AGREEMENT
        THIS AGREEMENT IS SUBJECT TO MANDATORY AND BINDING ARBITRATION

      This Employment  Agreement  (the "Agreement")  is  entered into  as  of
 September 30,  2000  (the  "Effective Date"),  by  and  between  First  Cash
 Financial Services, Inc. (the "Company"),  a Delaware corporation, and  Rick
 L. Wessel (the "Executive").

      WHEREAS, Executive is presently employed by the Company pursuant to  an
 employment agreement  dated    May  31,  1992,  between  the  parties  ("Old
 Employment Agreement"), and the parties  desire to terminate that  agreement
 and enter into a new agreement based  on the terms and conditions set  forth
 below, and

      NOW,  THEREFORE,  in   consideration  of  the   mutual  covenants   and
 obligations hereinafter set forth, the parties agree as follows:

      1.   TERMINATION OF OLD EMPLOYMENT AGREEMENT.

      The parties agree that the Old Employment Agreement shall be terminated
 concurrently with the execution of this Agreement and shall be of no further
 force or effect.  The parties hereto  waive and release all rights they  may
 have under the Old Employment Agreement as of the date hereof.

      2.   EMPLOYMENT.

      The Company  desires  to continue  to  employ the  Executive,  and  the
 Executive agrees to continue to work in the employ of the Company, according
 to the following terms and conditions.

      3.    DUTIES.

      (a) The Company will continue to employ the Executive as President  and
 Chief Financial Officer ("CFO") of the Company.

      (b) The Executive will serve in the Company's employ in that position.

      (c) Under the direction of the  Board of Directors of the Company  (the
 "Board"), the Executive  shall perform such  duties, and  have such  powers,
 authority, functions,  duties  and  responsibilities  for  the  Company  and
 corporations and other entities affiliated with the Company commensurate and
 consistent with his  employment in the  position of President  and CFO.  The
 Executive also  shall have  such  additional powers,  authority,  functions,
 duties and responsibilities as may be assigned to him by the Board; provided
 that, without  the Executive's  written  consent, those  additional  powers,
 authority, functions, duties  and responsibilities shall  not be  materially
 inconsistent or interfere with, or detract from, those herein vested in,  or
 otherwise then being  performed for the  Company by, the  Executive. In  the
 event of  an  increase in  the  Executive's  duties, beyond  the  duties  of
 President and CFO, the Board shall  review the Executive's compensation  and
 benefits to determine if an adjustment in compensation and employee benefits
 commensurate with the  Executive's new  duties is  warranted, in  accordance
 with the Company's compensation policies.
<PAGE>

      4.    TERM OF EMPLOYMENT.

      The term  of employment  of Executive  is  through December  31,  2005.
 Subject to  the  provisions  of  Section 9,  the  term  of  the  Executive's
 Employment  hereunder  shall  commence  on  September  30,  2000.    At  the
 discretion of  the Board,  the  term of  employment  shall be  extended  for
 additional successive periods of 1 year,  each year beginning on January  1,
 2002, and  each  anniversary  date  thereafter,  provided  that  during  the

 previous  year,  the  Executive  met  the  stipulated  performance  criteria
 established by the Board.

      5.    EXTENT OF SERVICES.

      The Executive shall not at any time during his Employment engage in any
 other business related activities unless  those activities do not  interfere
 materially with the Executive's duties  and responsibilities to the  Company
 at that time. The foregoing, however, shall not preclude the Executive  from
 engaging in appropriate civic, charitable, professional or trade association
 activities or  from serving  on one  or more  other boards  of directors  of
 public or private companies, as long as such activities and services do  not
 conflict with his responsibilities to the Company.

      6.    NO FORCED RELOCATION.

      The Executive shall  not be  required to  move his  principal place  of
 residence from the Arlington, Texas area  or to perform regular duties  that
 could reasonably be expected to require either such move against his wish or
 to spend amounts of time each  week outside the Arlington, Texas area  which
 are unreasonable  in relation  to the  duties  and responsibilities  of  the
 Executive hereunder,  and  the  Company agrees  that,  if  it  requests  the
 Executive to make such a move  and the Executive declines that request,  (a)
 that declination shall  not constitute any  basis for a  termination of  the
 Executive's Employment  and  (b) no  animosity  or prejudice  will  be  held
 against Executive.

      7.    COMPENSATION.

      (a)   SALARY.

      An annual base salary shall be payable to the Executive by the  Company
 as a guaranteed minimum amount under  this Agreement for each calendar  year
 during the period  from September 30,  2000 to the  termination date of  the
 Executive's Employment. That annual  base salary shall  (i) accrue daily  on
 the basis  of a  365-day year,  (ii)  be payable  to  the Executive  in  the
 intervals consistent with the Company's normal payroll schedules (but in  no
 event less  frequently than  semi-monthly) and  (iii) be  payable  beginning
 January 1, 20072001 at an initial  annual rate of $250,000. The  Executive's

 annual base salary shall not be decreased, but shall be adjusted annually in
 each December  to reflect  such adjustments,  if  any, as  the  compensation
 committee of  the  Board determines  appropriate  based on  the  Executive's
 performance during the  most recent performance  period, in accordance  with
 the Company's compensation policies.  A failure of  the Company to  increase
 the Executive's  annual  base  salary  shall  not  constitute  a  breach  or
 violation of this Agreement by the Company.
<PAGE>

      (b) BONUS.

      At the  discretion of  the  Board's compensation  committee,  Executive
 shall be  eligible to  be paid  an  annual bonus  by  the Company  for  each
 calendar year during the period from January 1, 2000 to the termination date
 of the Executive's Employment.  That annual bonus shall  be payable at  such
 rate and in such  amount as is determined  by the compensation committee  of
 the board  of directors.  The Executive's  annual bonus,  if any,  shall  be
 adjusted annually in each December to  reflect such adjustments, if any,  as
 the Board's  compensation  committee  determines appropriate  based  on  the
 Executive's performance  during  the  most  recent  performance  period,  in
 accordance with  the  Company's  compensation policies.  A  failure  of  the
 Company to pay Executive  an annual bonus shall  not constitute a breach  or
 violation of this Agreement by the Company.

      (c)  OTHER COMPENSATION.

      The Executive  shall be  entitled to  participate in  all  Compensation
 Plans from time to time  in effect while in  the Employment of the  Company,
 regardless of whether the Executive is  an Executive Officer. All awards  to
 the Executive  under  all  Incentive  Plans  shall  take  into  account  the
 Executive's positions with  and duties and  responsibilities to the  Company
 and its subsidiaries  and affiliates.   The Company  shall supply  Executive
 with an automobile, the make and model  of which is subject to the  approval
 of the  compensation committee  of the  Board, and  be responsible  for  all
 expenses related thereto throughout the term  of this Agreement.   Executive
 may select an automobile  of his own choosing  which is reasonable in  cost,
 appearance  and  function,  taking  into  account  the  powers,   authority,
 functions, duties  and  responsibilities  of Executive,  and  the  financial
 position and condition of the Company.  ?In consideration and in support  of
 Executive's  duties  under  this  Agreement,  which  include  fostering  the
 goodwill, growth and earnings  of the Company, the  Company shall pay for  a
 private club  membership for  Executive, for  such amount  as is  reasonable
 taking  into   account  the   powers,  authority,   functions,  duties   and
 responsibilities of  Executive,  subject  to approval  of  the  compensation
 committee of the Board.

      (d)   EXPENSES.

      The  Executive  shall  be  entitled  to  prompt  reimbursement  of  all
 reasonable business  expenses incurred  by him  in  the performance  of  his
 duties during  the term  of this  Agreement, subject  to the  presenting  of
 appropriate vouchers and receipts in accordance with the Company's policies.

      8.    OTHER BENEFITS.

      (a)   EMPLOYEE BENEFITS AND PROGRAMS.

      During the term of this Agreement, the Executive and the members of his
 immediate family shall be  entitled to participate  in any employee  benefit
 plans or programs of  the Company to the  extent that his position,  tenure,
 salary, age, health and other qualifications  make him or them, as the  case
 may be,  eligible  to participate,  subject  to the  rules  and  regulations
 applicable thereto.
<PAGE>

      (b)   SUBSCRIPTIONS AND MEMBERSHIPS.

      The Company shall pay periodical subscription costs and membership fees
 and dues for  the Executive to  join professional organizations  appropriate
 for the Executive,  and which  further the interests  of the  Company.   The
 Company shall also pay or reimburse Executive for Executive's membership  in
 such additional clubs and organizations as may be agreed upon as  reasonable
 and appropriate between Executive and the Company.

      (c)   LOANS TO PAY FEDERAL TAXES.

      If the Executive requests and the Company is in a financial position to
 do so, in the discretion of the Board, the Company may loan to the Executive
 sufficient funds to pay all federal  income tax liability ("Tax  Liability")
 due by reason of the issuance of any  securities of the Company.  Such  loan
 shall bear interest  at the  rate of  7% (the  "Tax Note"),  which shall  be
 secured by Executive's  interest in the  securities. The Tax  Note shall  be
 pre-payable at any time and  mature no later than  five years from the  date
 any funds were first advanced to  the Executive under this Section 8(c).  If
 the Executive  sells  any such  securities  (or any  securities  into  which
 Company issued securities have been converted)  for cash while the Tax  Note
 remains outstanding  and unpaid,  the Executive  shall prepay  the Tax  Note
 within five business  days after the  Executive receives  the proceeds  from
 that sale in the amount equal to the  lesser of (i) the then unpaid  balance
 plus all interest earned under the Tax  Note or (ii) the cash proceeds,  net
 of any  applicable commission  and other  sale  expense and  any  applicable
 capital gain or other income tax, the Executive receives from that sale. The
 Tax Note shall be payable either in cash or,  in the event that on any  date
 the Executive makes any  payment thereon the Common  Stock is listed on  the
 American Stock Exchange or another national securities exchange or is quoted
 through the  Nasdaq National  Market System  (the "NMS")  and the  Executive
 desires to pay such loan by delivery of shares of Common Stock, in shares of
 Common Stock valued  at the closing  price of the  Common Stock  on (i)  the
 national securities exchange  on which the  Common Stock is  listed (or,  if
 there is more than  one, the national securities  exchange  the Company  has
 designated as the principal market for the Common Stock) or (ii) the NMS, as
 the case may  be, on  the then most  recent day  on which  the Common  Stock
 traded on such national securities exchange or the NMS, as the case may  be;
 provided, however,  that if  the securities  issued by  the Company  to  the
 Executive are not  publicly tradable before  the Tax Note  shall be due  and
 payable, payment of the Tax Note may be made by the Executive tendering  all
 the securities to the Company in exchange for cancellation of the Tax Note.
<PAGE>

      (d)   LOANS TO EXERCISE OPTIONS

      If the  Executive requests,  the Company  shall loan  to the  Executive
 sufficient funds to purchase or exercise  any options owned by Executive  in
 the stock of the Company.   The maximum amount  of funds, which the  Company
 shall loan, shall be determined by the exercise price of such options.  Such
 loan shall  bear  interest at  the  rate of  7%,  per annum,  and  shall  be
 evidenced by a promissory note (the  "Option Note"), secured by the  subject
 options or securities. The Option Note shall be pre-payable at any time  and
 mature in full no later than five years  from the date any funds were  first
 advanced to the Executive  under this Section 8(d).  If the Executive  sells
 any such securities (or any securities into which Company issued  securities
 have been converted) for cash while the Option Note remains outstanding  and
 unpaid, the Executive shall prepay the Option Note within five business days
 after the Executive receives the proceeds from that sale in the amount equal
 to the lesser of (i) the then unpaid balance of the Option Note or (ii)  the
 cash proceeds, net of any applicable  commission and other sale expense  and
 any applicable capital gain or other income tax, the Executive receives from
 that sale. The Option Note shall be payable either in cash or, in the  event
 that on any date the Executive makes any payment thereon the Common Stock is
 listed on  the  American  Stock  Exchange  or  another  national  securities
 exchange or is quoted through the Nasdaq National Market System (the  "NMS")
 and the Executive desires to pay such  loan by delivery of shares of  Common
 Stock, the Common Stock will  be valued at the  closing price of the  Common
 Stock on (i) the national securities  exchange on which the Common Stock  is
 listed (or, if there is more than one, the national securities exchange  the
 Company has designated as the principal market for the Common Stock) or (ii)
 the NMS, as the case may be, on the then most recent day on which the Common
 Stock traded on such  national securities exchange or  the NMS, as the  case
 may be; provided, however, that if  the securities issued by the Company  to
 the Executive are not publicly tradable before the Option Note shall be  due
 and payable,  payment  of the  Option  Note may  be  made by  the  Executive
 tendering all the Common Stock issued  from the proceeds of the Option  Note
 to the Company in exchange for cancellation of the Option Note.

      (e)   VACATION.

      The Executive shall be  entitled to four weeks  of vacation leave  with
 full pay during each year of this Agreement (each such year being a 12-month
 period ending on the  one year anniversary date  of the commencement of  the
 Executive's employment.) The times for such  vacations shall be selected  by
 the Executive, provided the dates selected do not interfere materially  with
 the performance  of  Executive's  duties  and  responsibilities  under  this

 agreement. The Executive may accrue up to eight weeks of vacation time  from
 year to year,  but vacation  time otherwise shall  not accrue  from year  to
 year.

      (f)  BOOKKEEPING AND ACCOUNTING

      The  Executive  shall  be  entitled  to  Company  paid  or  reimbursed,
 bookkeeping services up to $300 per month and annual accounting services  of
 up to $700 per year.
<PAGE>

      (g)   INSURANCE

      For the term of this Agreement, the Company will provide, at no cost to
 Executive, term life insurance  benefits under two  separate policies.   The
 first policy  shall  be  in  the  amount of  $2  million  with  the  Company
 designated as the beneficiary.  The second policy shall be in the amount  of
 $2 million  with  the  loss payee  designated  by  the Executive.    In  the
 discretion of the  Board, during  the term  of this  Agreement, the  Company
 shall also provide, at no cost to Executive, disability insurance sufficient
 to provide, in the event Executive becomes disabled, payments that would  be
 made to  Executive equal  or up  to  the amount  equal to  Executive's  base
 salary, as of the date of  disability, provided such coverage is  reasonably
 available at  reasonable cost.   Executive  may procure  his own  disability
 coverage and be reimbursed, if the same is not provided by the Company.

 9.    TERMINATION.

      The Executive's Employment  hereunder may  be terminated  prior to  the
 term provided for in Section 4 only under the following circumstances:

      (a)   DEATH.

      The Executive's Employment shall terminate automatically on the date of
 his death.

      (b)   DISABILITY.

      If a Disability  occurs and is  continuing, the Executive's  Employment
 shall terminate  180 days  after the  Company  gives the  Executive  written
 notice that  it intends  to  terminate his  Employment  on account  of  that
 Disability, or on such later date  as the Company specifies in such  notice.
 If the Executive resumes the performance of substantially all of his  duties
 under this Agreement before the termination becomes effective, the notice of
 intent to terminate  shall be deemed  to have been  revoked.  Disability  of
 Executive shall not prevent the Company from making necessary changes during
 the period of Executive's Disability to conduct its affairs.

      (c)   VOLUNTARY TERMINATION.

      The Executive may terminate his Employment at any time and without Good
 Cause with 90 days' prior written notice to the Company.
<PAGE>

      (d) TERMINATION FOR GOOD CAUSE.

      The Executive may terminate his Employment  for Good Cause at any  time
 within 180 days (90 days if the Good Cause is the occurrence of a Change  of
 Control) after the Executive  becomes consciously aware  that the facts  and
 circumstances constituting Good Cause exist are continuing and by giving the
 Company 30  days'  prior  written  notice  that  the  Executive  intends  to
 terminate his  Employment  for Good  Cause,  which notice  will  state  with
 specificity the basis  for Executive's  contention that  Good Cause  exists;
 provided, however, that  if Executive  terminates for  Good Cause  due to  a
 Change in Control, the Change in Control  must actually occur.  A Change  in
 Control will not  be deemed to  have actually occurred  merely because of  a
 pending or  possible event.   The  Executive shall  not have  Good Cause  to
 terminate his Employment solely by reason  of the occurrence of a Change  in
 Control until  one year  after  the date  such  Change in  Control  actually
 occurs.  The Executive  may not terminate  for Good Cause  if the facts  and
 circumstances constituting Good Cause are substantially cured by the Company
 within 30 days following notice to the Company.

      (e) INVOLUNTARY TERMINATION.

      The Executive's Employment is at will.  The Company reserves the  right
 to terminate  the  Executive's  Employment at  anytime  whatsoever,  without
 cause, with 30 days' prior written notice to the Executive.
<PAGE>

      (f) INVOLUNTARY TERMINATION FOR CAUSE.

      The Company reserves the right to terminate the Executive's  Employment
 for Cause. In the event that the Company determines that Cause exists  under
 Section 13(f)(i)  for the  termination of  the Executive's  Employment,  the
 Company shall provide in writing (the "Notice of Cause"), the basis for that
 determination and the manner, if any, in which the breach or neglect can  be
 cured. If  either the  Company has  determined that  the breach  or  neglect
 cannot be cured, as  set forth in the  Notice of Cause,  or has advised  the
 Executive in  the Notice  of Cause  of the  manner in  which the  breach  or
 neglect can be cured, but the  Executive fails to substantially effect  that
 cure within 60 days after  his receipt of the  Notice of Cause, the  Company
 shall be entitled  to give  the Executive  written notice  of the  Company's
 intention to  terminate Executive's  Employment for  Cause (the  "Notice  of
 Intent to  Terminate"). Executive  shall have  the right  to object  to  any
 Notice  of  Intent  to  Terminate  Executive's  Employment  for  Cause,   by
 furnishing the Company within ten days of receipt by Executive of the Notice
 of Intent  to Terminate  Executive's Employment  for Cause,  written  notice
 specifying the reasons  Executive contends  either (i)  Cause under  Section
 13(f)(i) does not exist or has been timely cured or (ii) in the circumstance
 of a Notice of  Intent to Terminate Executive's  Employment for Cause  under
 Section 13(f)(ii), that such Cause does not exist (the "Notice of Intent  to
 Join Issue over  Cause").  The  failure of Executive  to timely furnish  the
 Company with a  Notice of Intent  to Join Issue  over Cause  shall serve  to
 conclusively establish  Cause hereunder,  and the  right of  the Company  to
 terminate the Executive's Employment  for Cause.   Within 30 days  following
 its receipt of  a timely  Notice of  Intent to  Join Issue  Over Cause,  the
 Company  must  either  rescind  the  Notice  of  Intent  to  Terminate   the
 Executive's Employment  for  Cause, or  file  a demand  for  arbitration  in
 accordance with Section 27, to determine whether the Company is entitled  to
 terminate Executive's  Employment for  Cause.   During the  pendency of  the
 arbitration proceeding, and  until such  time as  Executive's Employment  is
 terminated, Executive shall be entitled  to receive Compensation under  this
 Agreement.  In the  discretion of the Board,  however, the Executive may  be
 reassigned or  suspended with  pay,  during not  only  the pendency  of  the
 arbitration proceeding,  but during  the period  from the  date the  Company
 furnishes Executive with  a Notice of  Intent to  Terminate the  Executive's
 Employment for  Cause  until  such  date  as  the  notice  is  rescinded,  a
 determination  that  Cause  does  not  exist  is  made  in  the  arbitration
 proceeding or in the event of a  determination that Cause does exist in  the
 arbitration proceeding, the effective date of the termination of Executive's
 Employment for Cause.  In the  event that the Company determines that  Cause
 exists under  Section  13(f)(ii)  for the  termination  of  the  Executive's
 Employment, it shall  be entitled to  immediately furnish  Executive with  a
 Notice of Intent  to Terminate  Executive's Employment  without providing  a
 Notice of Cause  or any  opportunity prior to  that notice  to contest  that
 determination. Any  termination  of  the Executive's  Employment  for  Cause
 pursuant to  this  Section 9(f)  shall  be effective  immediately  upon  the
 Executive's receipt of the Company's written notice of that termination  and
 the Cause therefore.

      (g) VOLUNTARY TERMINATION AT CONCLUSION OF TERM

      At the expiration  of the term  of employment as  stated in Section  4,
 either party may terminate this Agreement by giving the other party  written
 notice at least six months before  the expiration of the term of  employment
 stated in Section 4.
<PAGE>

      10.    SEVERANCE PAYMENTS.

      Unless effected under  Section 9(g), if  the Executive's Employment  is
 terminated during  the  term  of this  Agreement,  the  Executive  shall  be
 entitled to receive severance payments as follows:

      (a)   If the Executive's  Employment is terminated under Section  9(a),
 (b), (d), (e)  or (g),  the Company  will pay  or cause  to be  paid to  the
 Executive (or,  in  the  case  of a  termination  under  Section  9(a),  the
 beneficiary the  Executive  has designated  in  writing to  the  Company  to
 receive payment pursuant to  this Section 10(a) or,  in the absence of  such
 designation, the Executive's estate):  (i)    the Accrued Salary; (ii)   the
 Other Earned Compensation;  (iii) the  Reimbursable Expenses;  and (iv)  the
 Severance Benefit.    Additionally,  the Company  shall  cancel  Executive's
 obligations under that certain promissory note  dated December 31, 2000,  in
 the principal  amount  of $1,529,828,  plus  all other  loans  and  advances
 (principal and  interest), and  return to  Executive, (or,  in the  case  of
 termination under Section 9(a), the beneficiary the Executive has designated
 in writing to the Company to receive payment pursuant to Section 10(a) or in
 the absence of such  designation, the Executive's  estate) within ten  days,
 all property securing the payment thereof.  Any taxes due by Executive as  a
 result of the forgiveness  under this provision of  the Executive's debt  to
 the Company will be the sole obligation of the Company, and will be promptly
 paid when due.

      (b)   If the Executive's Employment is terminated under Section 9(c) or
 (f), the Company will pay or  cause to be paid to the  Executive: (i)    the
 Accrued Salary determined  as of  and through  the termination  date of  the
 Executive's Employment; (ii)  the Other  Earned Compensation; and (iii)  the
 Reimbursable Expenses.
<PAGE>

      (c)  Any payments to which the Executive (or his designated beneficiary
 or estate, if Section 9(a) applies) is entitled pursuant to paragraph (i) of
 subsection (a) of this Section 10 or paragraph (i) of subsection (b) of this
 Section 10, as applicable, will be paid  in a single lump sum within  thirty
 days after the termination date of the Executive's Employment.  At the  sole
 option and  election of  the Executive  (or  his designated  beneficiary  or
 estate, if Section  9(a) applies), which  election shall be  made within  30
 days of the termination of Executive's Employment, the Company shall pay the
 executive the Severance Benefit, if at all, (1)  in a lump sum on a  present
 value basis; (2) on a semi-monthly  basis (as if Executive's employment  had
 continued), or  (3) on  such other  periodic basis  reasonably requested  by
 Executive  (or  his  designated  beneficiary  or  estate,  if  Section  9(a)
 applies), in which event, the payments will be discounted to the extent  the
 periodic basis  selected  by Executive  (or  his designated  beneficiary  or
 estate, if Section 9(a) applies) results  in an earlier payout to  Executive
 (or his designated beneficiary or estate,  if Section 9(a) applies) than  if
 Executive were paid  on a semi-monthly  basis.  The  Company shall be  given
 credit for all life or disability insurance proceeds paid to Executive   (or
 his designated beneficiary or estate, if Section 9(a) applies) on any policy
 procured, paid for or reimbursed by  the Company pursuant to this  Agreement
 (up to $2 million in the case of life  insurance).  Upon the failure of  the
 Executive to timely  make an election  as provided herein,  such  option and
 election shall revert to the Company.  However, if Section 9(a) applies  and
 the Executive's designated beneficiary or estate  is the beneficiary  of one
 or more insurance policies purchased by  the Company and then in effect  the
 proceeds of  which  are  payable  to  that  beneficiary  by  reason  of  the
 Executive's death,  then (i)  the Company,  at its  option, may  credit  the
 amount of  those  proceeds,  as  and  when  paid  by  the  insurer  to  that
 beneficiary,  against  the  payment  to  which  the  Executive's  designated
 beneficiary or estate is entitled pursuant  to paragraph (iv) of  subsection
 (a) of this Section 10  and, if it exercises  that option, (ii) the  payment
 otherwise due pursuant  to that  paragraph (iv)  will bear  interest on  the
 outstanding balance  thereof from  and including  the fifth  day after  that
 termination date to the date of  payment by the insurer to that  beneficiary
 at the rate of interest specified in Section 32; and provided, further, that
 if Section 10(b) applies and the Executive is the beneficiary of  disability
 insurance purchased by the Company and  then in effect, the Company, at  its
 option, may credit the proceeds of  that insurance which are payable to  the
 Executive, valued at their present value  as of that termination date  using
 the interest rate specified in Section 32 and then in effect as the discount
 rate, against the  payment to which  the Executive is  entitled pursuant  to
 paragraph (iv) of subsection (a) of  this Section 10. Any payments to  which
 the Executive  (or his  designated beneficiary  or estate,  if Section  9(a)
 applies) is entitled pursuant to paragraphs (ii) and (iii) of subsection (a)
 or (b) of this Section 10, as applicable, will be paid in a single lump  sum
 within five days after the termination date of the Executive's Employment or
 as soon thereafter as is  administratively feasible, together with  interest
 accrued thereon from and including the fifth day after that termination date
 to the date of payment at the rate of interest specified in Section 32.

      (d) Except as provided in Sections 15, 25 and this Section, the Company
 will have no payment obligations under  this Agreement to the Executive  (or
 his designated beneficiary  or estate, if  Section 9(a)  applies) after  the
 termination date of the Executive's Employment.
<PAGE>

      11.    RESIGNATIONS.

      Upon termination  of  Executive's  employment with  or  without  cause,
 Executive shall resign as  an officer and director  of the Company and  will
 thereafter refuse election as an officer or director of the Company.

      12.     RETURN OF DOCUMENTS.
      Upon termination  of  Executive's  employment with  or  without  cause,
 Executive shall immediately return and deliver to the Company and shall  not
 retain any originals or copies of  any books, papers, price lists,  customer
 contracts, bids, customer  lists, files,  notebooks or  any other  documents
 containing any  of the  Confidential information  or otherwise  relating  to
 Executive's performance of duties under  this Agreement.  Executive  further
 acknowledges and agrees that all such  documents are the Company's sole  and
 exclusive property.

      13.   DEFINITION OF TERMS.

      The following terms used in this Agreement when capitalized shall  have
 the following meanings:

      (a)   ACCRUED SALARY.

      "Accrued Salary" shall mean the salary that has accrued, and the salary
 that would accrue through and  including the last day  of the pay period  in
 which the  termination  date of  the  Executive's Employment  occurs,  under
 Section 7(a),  which  has  not  been  paid  to  the  Executive  as  of  that
 termination date.

      (b)   ACQUIRING PERSON.

      "Acquiring Person" shall mean  any person who  or which, together  with
 all Affiliates and Associates of such person, is or are the Beneficial Owner
 of 50 percent or more  of the shares of  Common Stock then outstanding,  but
 does not include any Exempt Person;  provided, however, that a person  shall
 not be  or become  an Acquiring  Person if  such person,  together with  its
 Affiliates and Associates, shall become the  Beneficial Owner of 50  percent
 or more of the shares of Common Stock then outstanding solely as a result of
 a reduction in the number of shares  of Common Stock outstanding due to  the
 repurchase of Common  Stock by the  Company, unless and  until such time  as
 such person or any Affiliate or  Associate of such person shall purchase  or

 otherwise become the Beneficial Owner of  additional shares of Common  Stock
 constituting 1% or more of the   then outstanding shares of Common Stock  or
 any other person (or  persons) who is (or  collectively are) the  Beneficial
 Owner of  shares  of  Common Stock  constituting  1%  or more  of  the  then
 outstanding shares of Common Stock shall become an Affiliate or Associate of
 such person, unless,  in either such  case, such person,  together with  all
 Affiliates and Associates of such person,  is not then the Beneficial  Owner
 of 50% or more of the shares of Common Stock then outstanding.

      (c)   AFFILIATE.

      "Affiliate" has  the meaning  ascribed  to that  term  in Rule  405  of
 Regulation C.
<PAGE>

      (d)   ASSOCIATE.

      "Associate"  shall  mean,  with  reference  to  any  person,  (i)   any
 corporation, firm, partnership, association, unincorporated organization  or
 other entity (other  than the  Company or a  subsidiary of  the Company)  of
 which that person is  an officer or general  partner (or officer or  general
 partner of a general partner) or is, directly or indirectly, the  Beneficial
 Owner of 10% or more of any class  of its equity securities, (ii) any  trust
 or other estate in which that  person has a substantial beneficial  interest
 or for or of which that person serves  as trustee or in a similar  fiduciary
 capacity and (iii) any relative or spouse of that person, or any relative of
 that spouse, who has the same home as that person.

      (e)   BENEFICIAL OWNER.

      A specified person shall be deemed the "Beneficial Owner" of, and shall
 be deemed to "beneficially own," any  securities:  (i) of which that  person
 or any of that person's Affiliates or Associates, directly or indirectly, is
 the "beneficial  owner" (as  determined pursuant  to  Rule 13d-3  under  the
 Securities Exchange  Act  of  1934, as  amended  (the  "Exchange  Act"),  or
 otherwise has the  right to vote  or dispose of,  including pursuant to  any
 agreement,  arrangement  or  understanding  (whether  or  not  in  writing);
 provided, however, that a person shall not be deemed the "Beneficial  Owner"
 of, or to "beneficially own," any security under this subparagraph (i) as  a
 result of an agreement, arrangement or  understanding to vote that  security
 if that agreement, arrangement  or understanding: (A)  arises solely from  a
 revocable proxy  or consent  given in  response to  a public  (that is,  not
 including a solicitation exempted by Exchange Act Rule 14a-2(b)(2)) proxy or
 consent  solicitation  made  pursuant  to,  and  in  accordance  with,   the
 applicable provisions of the Exchange Act; and (B) is not then reportable by
 such person on  Exchange Act Schedule  13D (or any  comparable or  successor
 report); (ii)   which  that person  or any  of that  person's Affiliates  or
 Associates, directly or indirectly, has the  right or obligation to  acquire
 (whether that right or obligation is exercisable or effective immediately or
 only after the passage of  time or the occurrence  of an event) pursuant  to
 any agreement, arrangement or understanding (whether  or not in writing)  or
 on the  exercise  of  conversion  rights,  exchange  rights,  other  rights,
 warrants or options, or  otherwise; provided, however,  that a person  shall
 not  be  deemed  the  "Beneficial  Owner"  of,  or  to  "beneficially  own,"
 securities tendered pursuant  to a  tender or  exchange offer  made by  that
 person or  any  of that    person's  Affiliates or  Associates  until  those
 tendered securities are accepted  for purchase or  exchange; or (iii)  which
 are beneficially owned, directly or indirectly, by (A) any other person  (or
 any Affiliate or Associate thereof) with  which the specified person or  any
 of the  specified  person's  Affiliates or  Associates  has  any  agreement,
 arrangement or understanding (whether or not in writing) for the purpose  of
 acquiring, holding, voting (except pursuant to a revocable proxy or  consent
 as described  in the  proviso to  subparagraph (i)  of this  definition)  or
 disposing of any voting securities of the Company or (B) any group (as  that
 term is used in Exchange Act  Rule 13d-5(b)) of which that specified  person
 is a member; provided, however, that nothing in this definition shall  cause
 a person  engaged in  business as  an underwriter  of securities  to be  the
 "Beneficial Owner" of,  or to  "beneficially own,"  any securities  acquired
 through that  person's participation  in good  faith  in a  firm  commitment
 underwriting until  the  expiration  of  40 days  after  the  date  of  that
 acquisition. For  purposes  of this  Agreement,  "voting" a  security  shall
 include voting, granting  a proxy,  acting by  consent making  a request  or
 demand relating to corporate action (including, without limitation,  calling
 a stockholder  meeting) or  otherwise giving  an authorization  (within  the
 meaning of Section 14(a) of the Exchange Act) in respect of such security.
<PAGE>

      (f)   CAUSE.

      "Cause" shall mean that the Executive  has  (i)  willfully breached  or
 habitually neglected (otherwise  than by reason  of injury,  or physical  or
 mental  illness,  or  any  disability  as  defined  by  the  Americans  with
 Disabilities Act of 1990, Public Law  101_336, 42 U.S.C.A. S 12101 et  seq.)
 material duties which  he was required  to perform under  the terms of  this
 Agreement, or (ii) committed and been  charged with act(s) of dishonesty  or
 fraud.

      (g)   CHANGE OF CONTROL.

      "Change of Control" shall mean the occurrence of the following  events:
 (i) any person or entity  becomes an Acquiring Person,  or (ii) a merger  of
 the Company with or  into, or a sale  by the Company  of its properties  and
 assets substantially as an  entirety to, another person  or entity; (iii)  a
 majority of  the  incumbent board  of  directors  cease for  any  reason  to
 constitute at least a majority of the Board; and (iv) immediately after  the
 occurrence of (i), (ii) or (iii) above, any person or entity, other than  an
 Exempt Person, together with all Affiliates and Associates of such person or
 entity, shall be the  Beneficial Owner of  50% or more  of the total  voting
 power of  the  then  outstanding  Voting Shares  of  the  person  or  entity
 surviving that transaction (in  the case or a  merger or consolidation),  or
 the person or entity acquiring those properties and assets substantially  as
 an entirety.

      (h)   COMPANY.

      "Company" shall  mean  (i)  First  Cash  Financial  Services,  Inc.,  a
 Delaware corporation,  and  (ii)  any person  or  entity  that  assumes  the
 obligations of "the  Company" hereunder, by  operation of  law, pursuant  to
 Section 18 or otherwise.

      (i)   COMPENSATION PLAN.

      "Compensation Plan"  shall  mean any  compensation  arrangement,  plan,
 policy, practice  or program  established, maintained  or sponsored  by  the
 Company or any subsidiary  of the Company,  or to which  the Company or  any
 subsidiary of the Company contributes, on behalf of any Executive Officer or
 any member of the immediate family of any Executive Officer by reason of his
 status as such, (i)  including (A) any "employee  pension benefit plan"  (as
 defined in Section 3(2)  of the Employee Retirement  Income Security Act  of
 1974, as amended ("ERISA")) or other "employee benefit plan" (as defined  in
 Section 3(3) of ERISA), (B) any other retirement or savings plan,  including
 any supplemental benefit  arrangement relating to  any plan  intended to  be
 qualified under Section  401(a) of  the Internal  Revenue Code  of 1986,  as
 amended (the "Code"), or  whose benefits are limited  by the Code or  ERISA,
 (C) any "employee welfare plan" (as  defined in Section 3(1) of ERISA),  (D)
 any arrangement, plan, policy, practice  or program providing for  severance
 pay, deferred compensation or insurance benefit, (E) any Incentive Plan  and
 (F) any arrangement, plan, policy, practice  or program (1) authorizing  and
 providing for the payment or reimbursement  of expenses attributable to  air
 travel and hotel occupancy  while traveling on business  for the Company  or
 (2) providing for the  payment of business luncheon  and country club  dues,
 long-distance charges,  mobile phone  monthly air  time or  other  recurring
 monthly charges or any other fringe  benefit, allowance or accommodation  of
 employment, but (ii) excluding  any compensation arrangement, plan,  policy,
 practice or program to the extent it provides for annual base salary.
<PAGE>

      (j)   DISABILITY.

      "Disability"  shall   mean   that  the   Executive,   with   reasonable
 accommodation, has been unable  to perform his  essential duties under  this
 Agreement for a period of at least six consecutive months as a result of his
 incapacity due to injury  or physical or mental  illness, any disability  as
 defined in a  disability insurance policy  which provides  coverage for  the
 Executive, or any disability as defined  by the Americans with  Disabilities
 Act of 1990, Public Law 101_336, 42 U.S.C.A. S 12101 et seq.

      (k)   EMPLOYMENT.

      "Employment" shall mean the salaried employment of the Executive by the
 Company or a subsidiary of the Company hereunder.

      (l)   EXECUTIVE OFFICER.

      "Executive Officer" shall mean any of the chief executive officer,  the
 chief operating officer,  the chief  financial officer,  the president,  any
 executive, regional or  other group  or senior  vice president  or any  vice
 president of the Company.

      (m)   EXEMPT PERSON.

      "Exempt Person" shall mean: (i)(A) the  Company, any subsidiary of  the
 Company, any employee benefit plan of  the Company or any subsidiary of  the
 Company and  (B)  any person  organized,  appointed or  established  by  the
 Company for or pursuant to the terms of any such plan or for the purpose  of
 funding any such plan  or funding other employee  benefits for employees  of
 the Company  or any  subsidiary  of the  Company;  (ii) the  Executive,  any
 Affiliate of the  Executive which the  Executive controls or  any group  (as
 that term is used in Exchange Act  Rule 13d-5(b)) of which the Executive  or
 any such Affiliate is a member.

      (n)   GOOD CAUSE.

      "Good Cause" for  the Executive's termination  of his Employment  shall
 mean: (i) any decrease in the annual  base salary under Section 7(a) or  any
 other violation hereof  in any  material respect  by the  Company; (ii)  any
 material reduction in  the Executive's compensation  under Section 7;  (iii)
 the assignment  to the  Executive of  duties  inconsistent in  any  material
 respect with  the  Executive's  then current  positions  (including  status,
 offices,  titles   and  reporting   requirements),  authority,   duties   or
 responsibilities or  any other  action by  the Company  which results  in  a
 material   diminution   in   those    positions,   authority,   duties    or
 responsibilities; (iv) any  unapproved relocation of  the Executive; or  (v)
 the occurrence of a Change of  Control.  Good Cause  shall not exist if  the
 Company cures within the period prescribed herein.
<PAGE>

      (o) INCENTIVE PLAN.

      "Incentive Plan" shall mean any compensation arrangement, plan, policy,
 practice or program established, maintained or  sponsored by the Company  or
 any subsidiary of the Company, or to which the Company or any subsidiary  of
 the Company  contributes,  on behalf  of  any Executive  Officer  and  which
 provides for incentive,  bonus or  other performance-based  awards of  cash,
 securities,  the  phantom  equivalent  of  securities  or  other   property,
 including any stock  option, stock appreciation  right and restricted  stock
 plan, but excluding any plan intended to qualify as a plan under any one  or
 more of Sections 401(a), 401(k) or 423 of the Code.

      (p) OTHER EARNED COMPENSATION.

      "Other Earned Compensation" shall mean  all the compensation earned  by
 the Executive prior to the termination date of his Employment as a result of
 his Employment  (including  compensation  the  payment  of  which  has  been
 deferred by the Executive, but excluding Accrued Salary and compensation  to
 be paid to the  Executive in accordance with  the terms of any  Compensation
 Plan), together  with all  accrued interest  or earnings,  if any,  thereon,
 which has not been paid to the Executive as of that date.

      (q) REIMBURSABLE EXPENSES.

      "Reimbursable  Expenses"  shall  mean  the  expenses  incurred  by  the
 Executive on or prior to the termination date of his Employment which are to
 be reimbursed to the  Executive under Section 7(c)  and which have not  been
 reimbursed to the Executive as of that date.

      (r)   SEVERANCE BENEFIT.

      "Severance Benefit"  shall mean  all  Compensation provided  for  under
 Section 7 through the  remainder of the Executive's  term of employment,  it
 being the parties' intent that, except for a termination under Section 9(c),
 (f) or (g), the Executive shall receive  all Compensation as if his term  of
 employment continued as provided for under Section 4.

      14.  COVENANTS NOT TO COMPETE

      (a)  Executive's Acknowledgment.    Executive agrees  and  acknowledges
           that in order to assure the Company that it will retain its  value
           as a going concern, it is  necessary that Executive undertake  not
           to  utilize  his  special  knowledge  of  the  business  and   his
           relationships with  customers and  suppliers to  compete with  the
           Company.  Executive further acknowledges that:

           (i)  the Company is and  will be engaged in  the business of  pawn
                shop services,  pay  day  loan  services  and  check  cashing
                services;

           (ii) Executive will occupy a position of trust and confidence with
                the Company prior to the date  of this agreement and,  during
                such period and Executive's employment under this  agreement,
                Company's  trade  secrets  and  with  other  proprietary  and
                confidential information concerning the Company;
<PAGE>

           (iii) the  agreements  and  covenants  contained  in this  Section
                14 are essential to protect the  Company and the goodwill  of
                the business; and

           (iv) Executive's employment with the  Company has special,  unique
                and extraordinary value to the Company and the Company  would
                be irreparably damaged if Executive were to provide  services
                to any person  or entity in  violation of  the provisions  of
                this agreement.

      (b)  Company's Acknowledgement.  The  Company hereby acknowledges  that
           it will  provide  Executive  with confidential  and  trade  secret
           information relating to the  operation of the Company's  business,
           including but not limited  to, customer lists, operating  manuals,
           and financing operations.

      (c)  Competitive Activities.  Executive hereby agrees that for a period
           commencing on the date hereof and  ending two years following  the
           later of  (i)  termination  of  Executive's  employment  with  the
           Company for  whatever  reason,  and (ii)  the  conclusion  of  the
           period, if any,  during which the  Company is  making payments  to
           Executive, he  will  not,  directly or  indirectly,  as  employee,
           agent, consultant,  stockholder, director,  co-partner or  in  any
           other individual or representative capacity, own, operate, manage,
           control, engage in, invest in or participate in any manner in, act
           as a consultant or  advisor to, render services  for (alone or  in
           association with  any person,  firm,  corporation or  entity),  or
           otherwise assist any  person or  entity (other  than the  Company)
           that engages in or owns, invests in, operates, manages or controls
           any venture or enterprise that  directly or indirectly engages  or
           proposes in engage  in the  business of  pawnshops, check  cashing
           services, payday loan  services or proposes  to in  engage in  the
           business of the distribution or sale of (i) products  distributed,
           sold or  licensed  by the  Company  or services  provided  by  the
           Company at the time  of termination or  (ii) products or  services
           proposed at the time of such termination to be distributed,  sold,
           licensed or provided by the Company within 50 miles of any of  the
           Company's locations   (the "Territory");  provided, however,  that
           nothing contained herein shall  be construed to prevent  Executive
           from investing in the stock of any competing corporation listed on
           a national securities exchange  or traded in the  over-the-counter
           market, but only if Executive is  not involved in the business  of
           said corporation and if Executive and his associates (as such term
           is defined in  Regulation 14(A) promulgated  under the  Securities
           Exchange  Act  of  1934,  as  in  effect  on  the  date   hereof),
           collectively, do not own more than an aggregate of two percent  of
           the stock of  such corporation.   With respect  to the  Territory,
           Executive specifically acknowledges that the Company has conducted
           the business throughout those  areas comprising the Territory  and
           the Company intends to continue to expand the business  throughout
           the Territory.
<PAGE>

      (d)  Blue Pencil.  If an arbitrator shall at any time deem the terms of
           this agreement  or any  restrictive covenant  too lengthy  or  the
           Territory too extensive, the other  provisions of this section  14
           shall nevertheless stand, the  restrictive period shall be  deemed
           to  be  the   longest  period   permissible  by   law  under   the
           circumstances and the  Territory shall be  deemed to comprise  the
           largest territory permissible by law under the circumstances.  The
           arbitrator in each case shall reduce the restricted period  and/or
           the Territory to permissible duration or size.

      (e)  Non-Solicitation  of  Employees.    Executive  agrees  that  while
           employed by the Company and for two (2) years after the  cessation
           of the Executive's employment  for whatever reason, the  Executive
           will not recruit, hire or attempt to recruit or hire, directly  or
           assisted by others, any  other employee of  the Company with  whom
           the Executive had contact  during the Executive=s employment  with
           the Company.  For the purposes  of this paragraph Acontact@  means
           any interaction  whatsoever between  the Executive  and the  other
           employee.

      (f)  Non-Solicitation  of  Customers.    Executive  agrees  that  while
           employed by the Company and for two (2) years after the  cessation
           of the Executive's employment  for whatever reason, the  Executive
           will not directly or indirectly, for  himself or on behalf of  any
           other person, partnership, company,  corporation or other  entity,
           solicit or  attempt to  solicit, for  the purpose  of engaging  in
           competition with the Company,

           (i)  any person or entity whose account was serviced by  Executive
                at the Company; or

           (ii)      any person or entity  who is or has  been a customer  of
                the Company prior to Executive's termination; or

           (iii)     any person  or  entity  the  Company  has  targeted  and
                contacted prior to Executive's termination for the purpose of
                establishing a customer relationship.
      Executive agrees  that  these  restrictions are  necessary  to  protect
 Executive's legitimate business interests,  and Executive agrees that  these
 restrictions will not prevent Executive from earning a livelihood.
<PAGE>

      15. TAX INDEMNITY.

      Should any of the payments of  salary, other incentive or  supplemental
 compensation, benefits,  allowances,  awards,  payments,  reimbursements  or
 other perquisites,  or any  other payment  in  the nature  of  compensation,
 singularly, in any combination  or in the aggregate,  that are provided  for
 hereunder to be paid to or for the benefit of the Executive be determined or
 alleged to  be subject  to an  excise  or similar  purpose tax  pursuant  to
 Section 4999 of  the Code,  or any  successor or  other comparable  federal,
 state or local tax law by reason of being a "parachute payment" (within  the
 meaning of Section 280G of the Code), the parties agree to negotiate in good
 faith changes to this  Agreement necessary to avoid  such excise or  similar
 purpose tax,  without diminishing  Executive's  salary, other  incentive  or
 supplemental   compensation,   benefits,   allowances,   awards,   payments,
 reimbursements or other perquisites, or any  other payment in the nature  of
 compensation.  Alternatively, the  Company shall pay  to the Executive  such
 additional compensation  as  is necessary  (after  taking into  account  all
 federal, state and local taxes payable by  the Executive as a result of  the
 receipt of such additional compensation) to place the Executive in the  same
 after-tax position (including federal, state and local taxes) he would  have
 been in had no such excise or similar purpose tax (or interest or  penalties
 thereon) been  paid or  incurred.  The Company  hereby  agrees to  pay  such
 additional compensation within  the earlier to  occur of  (i) five  business
 days after the Executive notifies the Company that the Executive intends  to
 file a tax return  taking the position that  such excise or similar  purpose
 tax is due and payable in reliance  on a written opinion of the  Executive's
 tax counsel (such tax counsel to be chosen solely by the Executive) that  it
 is more likely than not that such excise tax  is due and payable or (ii)  24
 hours of any notice of or action by the Company that it intends to take  the
 position that such excise tax is due and payable. The costs of obtaining the
 tax counsel opinion  referred to  in clause  (i) of  the preceding  sentence
 shall be borne by the Company, and as long as such tax counsel was chosen by
 the Executive in good faith, the  conclusions reached in such opinion  shall
 not be challenged or  disputed by the Company.  If the Executive intends  to
 make any payment with respect to any such excise or similar purpose tax as a
 result of an  adjustment to the  Executive's tax liability  by any  federal,
 state  or  local  tax  authority,  the  Company  will  pay  such  additional
 compensation by delivering its cashier's check payable in such amount to the
 Executive within five business days after the Executive notifies the Company
 of his intention to  make such payment. Without  limiting the obligation  of
 the Company  hereunder, the  Executive agrees,  in the  event the  Executive
 makes any payment pursuant to the preceding sentence, to negotiate with  the
 Company in good faith with respect to procedures reasonably requested by the
 Company which would afford the Company the ability to contest the imposition
 of such excise or similar purpose tax; provided, however, that the Executive
 will not  be  required  to afford  the  Company  any right  to  contest  the
 applicability of any such excise or  similar purpose tax to the extent  that
 the Executive  reasonably determines  (based upon  the  opinion of  his  tax
 counsel) that such contest is inconsistent with the overall tax interests of
 the Executive.
<PAGE>

      16. LOCATIONS OF PERFORMANCE.

      The Executive's services shall be  performed primarily in the  vicinity
 of Arlington, Texas.  The parties acknowledge,  however, that the  Executive
 will be required to travel in connection with the performance of his duties.

      17. PROPRIETARY INFORMATION.

      (a) The Executive agrees  to comply fully  with the Company's  policies
 relating to non-disclosure  of the Company's  trade secrets and  proprietary
 information and processes. Without limiting the generality of the foregoing,
 the Executive will not, during the term of his Employment, disclose any such
 secrets,  information  or  processes  to  any  person,  firm,   corporation,
 association or other entity for any  reason or purpose whatsoever except  as
 may be required by  law or governmental agency  or legal process, nor  shall
 the Executive make use of any such property for his own purposes or for  the
 benefit of any person, firm, corporation or other entity (except the Company
 or any of its subsidiaries) under any circumstances during or after the term
 of his  Employment, provided  that after  the term  of his  Employment  this
 provision shall not  apply to secrets,  information and  processes that  are
 then in the public domain (provided that the Executive was not  responsible,
 directly or indirectly, for such secrets, information or processes  entering
 the public domain without the Company's consent).

      (b) The Executive hereby  sells, transfers and  assigns to the  Company
 all the entire  right, title and  interest of the  Executive in  and to  all
 inventions,  ideas,  disclosures  and  improvements,  whether  patented   or
 unpatented, and copyrightable material, to the  extent made or conceived  by
 the Executive  solely  or  jointly  with others  during  the  term  of  this
 Agreement    The Executive shall  communicate promptly and  disclose to  the
 Company, in such form as the Company requests, all information, details  and
 data pertaining to the aforementioned and, whether during the term hereof or
 thereafter, the  Executive shall  execute and  deliver to  the Company  such
 formal transfers and assignments and such other papers and documents as  may
 be required of the Executive to permit the Company to file and prosecute any
 patent applications relating to same and,  as to copyrightable material,  to
 obtain copyright thereon.

      (c) Trade secrets, proprietary information  and processes shall not  be
 deemed to include information  which is: (i) known  to the Executive at  the
 time it  is disclosed  to him;  (ii)   publicly known  (or becomes  publicly
 known) without the fault or negligence  of Executive; (iii) received from  a
 third party without restriction and without  breach of this Agreement;  (iv)
 approved for  release  by  written authorization  of  the  Company;  or  (v)
 required to be disclosed by law or legal process; provided, however, that in
 the event of a proposed disclosure  pursuant to this subsection (c)(v),  the
 Executive shall give the Company prior written notice before such disclosure
 is made in a time and  manner which will best  provide the Company with  the
 ability to oppose such disclosure.
<PAGE>

      18.   ASSIGNMENT.

      This Agreement may not be assigned  by either party; provided that  the
 Company may  assign  this Agreement  (i)  in  connection with  a  merger  or
 consolidation involving the Company  or a sale  of its business,  properties
 and assets  substantially as  an entirety  to the  surviving corporation  or
 purchaser as the case may be, so long as such assignee assumes the Company's
 obligations hereunder; and (ii) so long as the assignment in the  reasonable
 discretion of Executive does  not result in a  materially increased risk  of
 non-performance of the Company's obligations hereunder by the assignee.  The
 Company shall  require  as a  condition  of such  assignment  any  successor
 (direct or indirect  (including, without  limitation, by  becoming the  sole
 stockholder of the Company) and whether by purchase, merger,  consolidation,
 share exchange or otherwise) to the  business, properties and assets of  the
 Company substantially  as  an entirety  expressly  to assume  and  agree  to
 perform this Agreement in the same manner and to the same extent the Company
 would have been required to perform  it had no such succession taken  place.
 This Agreement shall  be binding upon  all successors and  assigns.  In  the
 event of a  Change of  Control, and  regardless of  whether the  Executive's
 employment is thereafter  terminated, the Company  shall cancel  Executive's
 obligations under that certain promissory note  dated December 31, 2000,  in
 the principal amount  of $1,529,828.00, plus  all other  loans and  advances
 (principal and  interest), and  return to  Executive, (or,  in the  case  of
 termination under Section 9(a), the beneficiary the Executive has designated
 in writing to the Company to receive payment pursuant to Section 9(a) or  in
 the absence of such  designation, the Executive's  estate) within ten  days,
 all property securing the payment thereof.  Any taxes due by Executive as  a
 result of the forgiveness  under this provision of  the Executive's debt  to
 the Company will be the sole obligation of the Company.

      19.   NOTICES.

      Any notice required or permitted to be given under this Agreement shall
 be sufficient if in writing and sent by registered or certified mail to  the
 Executive at his residence  maintained on the Company's  records, or to  the
 Company at its  address at 690  E. Lamar Blvd.  Suite 400, Arlington,  Texas
 76011, Attention: Corporate  Secretary, or  such other  addresses as  either
 party shall notify the other in accordance with the above procedure.

      20.   FORCE MAJEURE.

      Neither party shall be liable to the other for any delay or failure  to
 perform hereunder,  which delay  or  failure is  due  to causes  beyond  the
 control of said party, including, but not  limited to: acts of God; acts  of
 the public  enemy;  acts of  the  United States  of  America or  any  state,
 territory or political subdivision thereof or  of the District of  Columbia;
 fires; floods;  epidemics;  quarantine  restrictions;  strikes;  or  freight
 embargoes; provided,  however, that  this Section  20 will  not relieve  the
 Company of  any of  its  payment obligations  to  the Executive  under  this
 Agreement. Notwithstanding the foregoing provisions  of this Section 20,  in
 every case the delay or  failure to perform must  be beyond the control  and
 without the fault or negligence of the party claiming excusable delay.
<PAGE>

      21.   INTEGRATION.

      This  Agreement  represents  the  entire  agreement  and  understanding
 between the parties as to the subject matter hereof and supersedes all prior
 or contemporaneous agreements whether written or oral. No waiver, alteration
 or modification of any of the provisions of this Agreement shall be  binding
 unless in  writing and  signed by  duly  authorized representatives  of  the
 parties hereto.

      22.   WAIVER.

      Failure or delay  on the  part of either  party hereto  to enforce  any
 right, power or  privilege hereunder  shall not  be deemed  to constitute  a
 waiver thereof. Additionally, a  waiver by either party  of a breach of  any
 promise herein by the other  party shall not operate  as or be construed  to
 constitute a waiver of any subsequent breach by such other party.

      23.   SAVINGS CLAUSE.

      If any term, covenant or condition of this Agreement or the application
 thereof to any  person or  circumstance shall to  any extent  be invalid  or

 unenforceable, the remainder of this Agreement,  or the application of  such
 term, covenant or condition to persons or circumstances other than those  as
 to which it is held invalid or unenforceable shall not be affected  thereby,
 and each term, covenant  or condition of this  Agreement shall be valid  and
 enforced to the fullest extent permitted by law.

      24.   AUTHORITY TO CONTRACT.

      The Company warrants and represents to  the Executive that the  Company
 has full  authority to  enter  into this  Agreement  and to  consummate  the
 transactions contemplated hereby and that this Agreement is not in  conflict
 with any other agreement to which the Company is a party or by which it  may
 be bound. The Company further warrants and represents to the Executive  that
 the individual executing  this Agreement on  behalf of the  Company has  the
 full power and authority  to bind the  Company to the  terms hereof and  has
 been authorized  to do  so  in accordance  with  the Company's  articles  or
 certificate of incorporation and bylaws.
<PAGE>

      25.  PAYMENT OF EXPENSES.

      If at any time during the  term hereof or afterwards: (a) there  should
 exist a dispute or conflict between the Executive and the Company or another
 Person as to  the validity,  interpretation or  application of  any term  or
 condition hereof,  or  as to  the  Executive's entitlement  to  any  benefit
 intended to be bestowed hereby, which is not resolved to the satisfaction of
 the Executive,  (b) the  Executive  must (i)  defend  the validity  of  this
 Agreement or (ii) contest  any determination by  the Company concerning  the
 amounts payable (or reimbursable) by the Company to the Executive or (c) the
 Executive must  prepare responses  to an  Internal Revenue  Service  ("IRS")
 audit of, or otherwise defend, his  personal income tax return for any  year
 the subject of any such audit,  or an adverse determination,  administrative
 proceedings or civil litigation arising therefrom, which is occasioned by or
 related to an audit by the IRS of the Company's income tax returns, then the
 Company hereby unconditionally agrees: (a) on written demand of the  Company
 by the Executive, to provide sums sufficient to advance and pay on a current
 basis (either by paying directly or  by reimbursing the Executive) not  less
 than 30 days after a written request therefor is submitted by the Executive,
 all the  Executive's  costs  and expenses  (including,  without  limitation,
 attorney's  fees,  expenses  of  investigation,  travel,  lodging,  copying,
 delivery services and disbursements  for the fees  and expenses of  experts,
 etc.) incurred by the Executive in connection with any such matter; (b)  the
 Executive shall be entitled, on demand in accordance with Section 27, below,
 to the entry of a mandatory injunction without the necessity of posting  any
 bond with respect thereto which compels  the Company to pay or advance  such
 costs and expenses  on a current  basis; and (c)  the Company's  obligations
 under this Section  25 will  not be  affected if  the Executive  is not  the
 prevailing party in  the final resolution  of any such  matter unless it  is
 determined pursuant to Section 27 that, in the  case of one or more of  such
 matters, the Executive has acted in bad faith or without a reasonable  basis
 for his position, in which event and, then only with respect to such  matter
 or matters, the successful or prevailing party or parties shall be  entitled
 to recover from  the Executive reasonable  attorneys' fees  and other  costs
 incurred in connection with  that matter or  matters (including the  amounts
 paid by the Company in  respect of that matter  or matters pursuant to  this
 Section 25), in  addition to any  other relief to  which it or  they may  be
 entitled.

      26.   REMEDIES.

      In the event of a breach by the Executive  of Section 14 or 17 of  this
 Agreement, in addition  to other remedies  provided by  applicable law,  the
 Company will be  entitled to issuance  of a temporary  restraining order  or
 preliminary injunction enforcing its rights under such Section.

      27.   ARBITRATION.

      This Agreement  Is Subject  to Binding  Arbitration.   Any  dispute  or
 controversy arising under  or in connection  with this Agreement  or in  any
 manner associated with Employee's employment (other than those described  in
 Section 26  _  Remedies) shall  be  settled exclusively  by  arbitration  in
 Arlington, Texas, in accordance with the  rules of the American  Arbitration
 Association then in effect.   The parties agree to  execute and be bound  by
 the mutual agreement to arbitrate claims attached hereto as Attachment A.
<PAGE>

      28.   GOVERNING LAW.

      This Agreement shall be  governed by and  construed in accordance  with
 the laws of the State of Texas.

      29.   WAIVER OF ACTUAL OR POTENTIAL CONFLICTS OF INTEREST

      Should it become necessary for Executive  to seek to enforce the  terms
 of this Agreement, the Company consents to Executive's use of counsel  which
 either then or may have in  the past represented the Company, provided  that
 counsel  agrees   to   undertake  Executive's   representation,   and   such
 representation and waiver of actual or potential conflicts of interest is in
 accordance with the Texas State Bar Rules, including the Texas  Disciplinary
 Rules of Professional Conduct.   To the extent  permitted by the Rules,  the
 Company waives any  such actual or  potential conflict  of interest  arising
 thereby.

      30.   COUNTERPARTS.

      This Agreement may be executed in counterparts, each of which shall  be
 deemed an original, but all of  which together shall constitute one and  the
 same instrument.

      31.   INDEMNIFICATION.

      The Executive  shall  be indemnified  by  the Company  to  the  maximum
 permitted by the law of the state of the Company's incorporation, and by the
 law of the state of incorporation of any subsidiary of the Company of  which
 the Executive is a director or an officer or employee, as the same may be in
 effect from time to time.

      32.   INTEREST.

      If any  amounts required  to be  paid or  reimbursed to  the  Executive
 hereunder are  not  so paid  or  reimbursed  at the  times  provided  herein
 (including amounts required to be paid  by the Company pursuant to  Sections
 7, 15 and 25), those amounts shall bear interest at the rate of 7%, from the
 date those amounts  were required  to have been  paid or  reimbursed to  the
 Executive until  those amounts  are finally  and fully  paid or  reimbursed;
 provided, however, that in no event shall the amount of interest  contracted
 for, charged or received hereunder exceed the maximum non-usurious amount of
 interest allowed by applicable law.

      33.  TIME OF THE ESSENCE.

      Time is of the essence with respect to any act required to be performed
 by this Agreement.

      34.   PRIOR INSTRUMENTS UNAFFECTED.

      Except for  the  Old Employment  Agreement  which is  being  terminated
 pursuant to this Agreement,  all prior instruments  between the Company  and
 Executive shall remain in full force and effect and the terms and conditions
 thereof shall not be affected by this Agreement.
<PAGE>

 FIRST CASH FINANCIAL SERVICES, INC.            EXECUTIVE

 /S/ PHILLIP E. POWELL                          /S/ RICK L. WESSEL
 ----------------------------------             -----------------------------
 Phillip E. Powell, Chief Executive             Rick L. Wessel
 Officer and Chairman of the Board

<PAGE>

                                ATTACHMENT "A"

                        MUTUAL AGREEMENT TO ARBITRATE

 1.  I, Rick L. Wessel, recognize that differences could arise between  First
 Cash Financial Services, Inc. ("the Company") and me during or following  my
 employment with the Company.  I  understand and agree that by entering  into
 this Mutual Agreement to Arbitrate ("Agreement"),  I gain the benefits of  a
 speedy, impartial dispute-resolution procedure.

 2.  I understand that any reference in this Agreement to the Company will be
 a reference  also  to  all  stockholders,  directors,  officers,  employees,
 parents, subsidiaries  and  affiliated  entities,  all  benefit  plans,  the
 benefit plans' sponsors, fiduciaries, administrators, and all successors and
 assigns of any of them.

 Claims Covered by the Agreement

 3.  The Company and I mutually agree to the resolution by arbitration of all
 claims or  controversies  ("claims"),  whether or  not  arising  out  of  my
 employment (or its  termination), that the  Company may have  against me  or
 that I may have against the Company.   The claims covered by this  Agreement
 include, but  are not  limited to,  claims  under my  Employment  Agreement,
 claims for wages or  other compensation due; for  breach of any contract  or
 covenant (express  or  implied);  tort  claims;  claims  for  discrimination
 (including, but not limited to, race sex, color, religion, national  origin,
 age (state or federal Age Discrimination in Employment Act), marital status,
 veterans  status,  sexual   preference,  medical   condition,  handicap   or
 disability); claims  for  benefits  (except where  an  employee  benefit  or
 pension plan  specifies that  its claims  procedure  shall culminate  in  an
 arbitration procedure different from this one); and claims for violation  of
 any federal, state, or other law, statute, regulation, or ordinance,  except
 claims excluded in the following paragraphs.

 Claims Not Covered by the Agreement

 4. Claims I may have for workers' compensation or unemployment  compensation
 benefits are not covered by this Agreement.
<PAGE>

 Arbitration

 5.  (a)  Procedure for Injunctive Relief.   In the event either the  Company
 or myself  seeks  injunctive relief,  the  claim shall  be  administratively
 expedited by  the  American  Arbitration Association  ("AAA"),  which  shall
 appoint a single,  neutral arbitrator for  the limited  purpose of  deciding
 such claim.  Such arbitrator shall be a qualified member of the State Bar of
 Texas in good standing, and preferably  shall be a retired state or  federal
 district judge.  The single arbitrator shall decide the claim for injunctive
 relief immediately on hearing or receiving the parties' submissions (unless,
 in the interests of justice, he must rule ex parte); provided, however, that
 the single  arbitrator  shall  rule  on  such  claims  within  24  hours  of
 submission of the claim  to the AAA.   The single arbitrator's ruling  shall
 not extend beyond 14 calendar days and on application by the claimant, up to
 an additional 14  days following  which, after a  hearing on  the claim  for
 injunctive relief, a temporary injunction may issue pending the award.   Any
 relief  granted  under  this  procedure  for  injunctive  relief  shall   be
 specifically enforceable in Harris County District Court on an expedited, ex
 parte basis  and shall  not be  the subject  of any  evidentiary hearing  or
 further submission by either party, but the court, on application to enforce
 a temporary order, shall issue such orders as necessary to its enforcement.

      (b)   Procedure after a Claim  for Injunctive Relief or where no  Claim
 for Injunctive  Relief  Is Made.     The  arbitrator  shall be  selected  as

 follows: in  the  event the  Company  and I  agree  on one  arbitrator,  the
 arbitration shall be conducted by such arbitrator. In the event the  Company
 and I do not  agree, the Company  and I shall  each select one  independent,
 qualified arbitrator, and the two arbitrators  so selected shall select  the
 third arbitrator. The arbitrator(s) are herein  referred to as the  "Panel."
 The Company reserves the  right to object to  any individual arbitrator  who
 shall be employed by or affiliated with a competing organization.

      (c)    The Arbitration  shall take place  at Arlington,  Texas, or  any
 other location mutually  agreeable to us.  At the request  of either of  us,
 arbitration proceedings will  be conducted in  the utmost  secrecy; in  such
 case all  documents, testimony  and records  shall  be received,  heard  and
 maintained by the  Panel in secrecy,  available for inspection  only by  the
 Company or me and our respective  attorneys and our respective experts,  who
 shall agree  in advance  and  in writing  to  receive all  such  information
 confidentially and  to  maintain  such information  in  secrecy  until  such
 information shall become generally known. The  Panel shall be able to  award
 any and  all relief,  including relief  of an  equitable nature.  The  award
 rendered by the Panel  may be enforceable in  any court having  jurisdiction
 thereof.

             (d)   The  Company  will pay  all  the  fees  and  out-of-pocket
 expenses of each arbitrator selected pursuant to this Section 5 and the AAA.
 In addition, the Company will pay my reasonable attorneys' fees, unless  the
 arbitration is the result of a  termination for cause as defined in  Section
 13(f)(ii) of the Executive Employment Agreement to which this Attachment  is
 appended.
<PAGE>

 Requirements for Modification or Revocation

 6.   This  Agreement  to  arbitrate shall  survive  the  termination  of  my
 employment.  It can only be revoked or  modified by a writing signed by  the
 Company and I, which specifically states a mutual intent to revoke or modify
 this Agreement.

 Sole and Entire Agreement

 7.  This is the complete  agreement of us on  the subject of arbitration  of
 disputes [except  for  any  arbitration agreement  in  connection  with  any
 pension or benefit plan].

 This Agreement  supersedes  any prior  or  contemporaneous oral  or  written
 understanding on the subject.

 8.  Neither of us is relying on any representations, oral or written, on the
 subject of the effect, enforceability or  meaning of this Agreement,  except
 as specifically set forth in this Agreement.

 Construction

 9.  If  any provision of  this Agreement is  found to be  void or  otherwise
 unenforceable, in whole or in part,  such adjudication shall not affect  the
 validity of the remainder of the Agreement.

 Consideration

 10.  The promises by the Company and by me to arbitrate differences,  rather
 than litigate them before courts or  other bodes, provide consideration  for
 each other.   In addition, I  have entered into  an Employment Agreement  as
 further consideration for entering into this Agreement.

 Not an Employment Agreement

 11.  This Arbitration Agreement is  purely procedural.  It does not  provide
 any substantive rights in addition to those provided by applicable law or my
 Employment Agreement.

 Voluntary

 12.   I  acknowledge that  I  have carefully  read  this agreement,  that  I
 understand its terms,  that all  understandings and  agreements between  the
 company and  me  relating to  the  subjects  covered in  the  agreement  are
 contained in it, and that I have entered into the agreement voluntarily  and
 not in reliance on any promises or representations by the company other than
 those contained in this agreement itself.

 13.  The Age Discrimination in  Employment Act protects individuals over  40
 years of  age from  age  discrimination.   The  ADEA contains  some  special
 requirements before an employee can give up  the right to file a lawsuit  in
 court.    The  following  provisions  are  designed  to  comply  with  those
 requirements.
<PAGE>

      a.   I agree  that  this Agreement  to  arbitrate is  valuable  to  me,
 because it permits  a faster resolution  of claims that  I would receive  in
 court.

      b.   I have been advised to consult an attorney before signing this.

      c.   I have 21 days to consider this Agreement.  However, I may sign it
 sooner if I wish to do so.

      d.   I have 7  days following my  signing this Agreement  to revoke  my
 signature, and the  Agreement will not  be legally binding  until the 7  day
 period has gone by.

 33.  I FURTHER ACKNOWLEDGE THAT I HAVE BEEN GIVEN THE OPPORTUNITY TO DISCUSS
 THIS AGREEMENT WITH MY PRIVATE LEGAL COUNSEL AND HAVE AVAILED MYSELF TO THAT
 OPPORTUNITY TO THE EXTENT I WISH TO DO SO.

 First Cash Financial Services, Inc.            Executive

 /S/ PHILLIP E. POWELL                          /S/ RICK L. WESSEL
 ----------------------------------             -----------------------------
 Phillip E. Powell, Chief Executive             Rick L. Wessel
 Officer and Chairman of the Board

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00022-of-00352.parquet"}]]