Document:

exv10w3

 

Exhibit 10.3

CENTEX CORPORATION

EXECUTIVE DEFERRED COMPENSATION PLAN

DEFERRED COMPENSATION AGREEMENT

          This Deferred Compensation Agreement (“Agreement”) is entered into as of
                                        , [200_], by and between                                                              (the “Participant”) and Centex
Corporation (the “Company”).

          WHEREAS, the Company has established the Centex Corporation Executive Deferred Compensation
Plan (which, as amended from time to time, is referred to in this Agreement as the “Plan”), the
purpose of which is to permit Eligible Employees the option to defer receipt of cash compensation;
and

          WHEREAS, the Plan’s Committee has determined that the Participant should receive an award of
non-qualified deferred cash compensation as more fully described herein (“Deferred Cash
Compensation”), subject to the terms and conditions of this Agreement.

          NOW, THEREFORE, in consideration of the mutual promises and covenants herein contained, the
Participant and the Company agree as follows:

SECTION 1. The Plan.

          The Plan is incorporated by reference and made a part of this Agreement for all purposes.
This Agreement and the Plan shall govern the rights of the Participant and the Company with respect
to the award of Deferred Cash Compensation described below. In the event of any conflict between
this Agreement and the Plan, this Agreement will control. All capitalized terms used herein,
unless otherwise defined, have the meaning ascribed to such terms in the Plan.

SECTION 2. Amount of Award.

          The Participant is hereby awarded Deferred Cash Compensation from the Company in the amount of
$                     in accordance with the terms of this Agreement and the Plan. The Deferred Cash
Compensation shall vest as provided in this Agreement.

SECTION 3. Terms of Award.

     3.1. Account. The Committee shall cause an Account to be kept in the name of the Participant
(or, in the event of the Participant’s death, his or her Beneficiary) which shall reflect the
amount awarded pursuant to Section 2 on the effective date of this Agreement and the value of any
portion of the Deferred Cash Compensation that has vested pursuant to Section 3.4 that is payable
to the Participant or Beneficiary under the Plan. The obligation to pay to the Participant the
Deferred Cash Compensation, with the interest provided for in this Agreement, shall be carried on the books of the Company as
an unsecured debt in an Account.

1

 

          The Participant acknowledges and agrees that nothing in this Agreement shall be deemed to
create a trust of any nature or kind or create any fiduciary relationship. Neither the
Participant, his or her estate or personal representative(s), nor his or her Beneficiary shall have
any right, title or interest in or to any funds in the Account, which is established by the Company
merely for the purpose of recording such unsecured contractual obligation. Until and except to the
extent that Deferred Cash Compensation hereunder is vested or paid to the Participant or his or her
Beneficiary, the interest of the Participant or the Beneficiary is contingent only and is subject
to forfeiture as provided in Section 3.4 below. All funds in the Account, if any, shall continue
to be part of the general funds of the Company, and title to and beneficial ownership of any
assets, whether cash or investments, which the Company may, in its sole discretion, set aside or
earmark to meet its obligations hereunder shall at all times remain in the Company until paid to
the Participant. Neither the Participant nor any Beneficiary shall under any circumstances acquire
any property interest in any specific assets of the Company.

     3.2. Beneficiary. The Participant may designate a Beneficiary in accordance with the Plan.

     3.3. Interest. The Deferred Cash Compensation shall be credited with interest, compounded
annually, as of March 31, [200_] and each March 31 thereafter until the Deferred Cash Compensation,
as well as any interest earned and credited to the Account, shall have been distributed in
accordance with the Plan and this Agreement. Appropriate pro-ration shall be made for part year
interest credits. The rate of interest credited from time to time pursuant to this paragraph shall
be the Weighted Average Cost of Funds in effect as of the date of such credit.

     3.4. Vesting. The Participant’s contingent right to receive the Deferred Cash Compensation
(and any interest accrued thereto) shall vest on the dates and in the percentages described below.
Other than as provided in the Plan, the Participant must be an Employee of the Company in good
standing as of the applicable vesting date. The foregoing to the contrary notwithstanding, the
Participant shall be fully vested in all amounts in his or her Account, regardless of the vesting
schedule below or his or her standing with the Company, as of the date of his or her termination of
employment due to his or her death, Disability, or Vested Retirement (or as he or she may otherwise
be entitled under the Plan).

     The Deferred Cash Compensation shall vest in installments such that it is fully vested as of
March 31, [200_], as follows:

2

 

	 	 	 	 	 
	 	 	Vesting Percentage of
	Vesting Dates	 	Deferred Cash Compensation
	June 30, [200_]

	 	 	8.25	%
	September 30, [200_]

	 	 	8.25	%
	December 31, [200_]

	 	 	8.25	%
	March 31, [200_]

	 	 	8.25	%
	June 30, [200_]

	 	 	8.25	%
	September 30, [200_]

	 	 	8.25	%
	December 31, [200_]

	 	 	8.25	%
	March 31, [200_]

	 	 	8.25	%
	June 30, [200_]

	 	 	8.50	%
	September 30, [200_]

	 	 	8.50	%
	December 31, [200_]

	 	 	8.50	%
	March 31, [200_]

	 	 	8.50	%
	 

	 	 	 	 
	 

	 	 	100.00	%

     3.5. Timing and Form of Distribution. If the Participant timely elected and returned to the
Company a properly completed election form, as prescribed by the Committee (an “Election Form”),
the Participant’s vested Deferred Cash Compensation shall be distributed pursuant to the Election
Form, subject to such terms and conditions set forth in such form. If the Participant failed to
timely elect and return or properly complete an Election Form, the Participant’s Deferred Cash
Compensation (and any interest credited thereto) will be distributed in a lump sum in cash, to the
extent vested, on or as soon as administratively practicable after the first to occur of (i) the
date of the Participant’s termination of employment for any reason or (ii) December 31st,
[                    ] (the 7th year after the year in which this Agreement is entered into by the Company and
the Participant). The foregoing notwithstanding, if the Participant is a “key employee” for
purposes of Section 409A of the Internal Revenue Code (“Section 409A”), payment of his or her
Deferred Cash Compensation (and any interest credited thereto) due to termination of employment for
any reason (other than death) will be delayed until at least six months after such Participant’s
termination date.

          The Participant agrees that the Deferred Cash Compensation will be paid out only to the extent
that it has vested in accordance with this Agreement and the Plan. Any unvested portion of the
Deferred Cash Compensation shall be forfeited and terminate automatically upon termination of
employment of the Participant for any reason (other than death, Disability or Vested Retirement as
described in Section 3.4 above), unless otherwise provided in the Plan.

     3.6. Tax Withholding. The Participant agrees that the Company may take whatever steps the
Company, in its sole discretion, deems appropriate or necessary to satisfy the Company’s state and
federal income tax, social security, Medicare, and other tax withholding obligations arising out of
the award.

3

 

SECTION 4. General Provisions.

     4.1. This Agreement and the Plan express the entire agreement of the parties as to the
Deferred Cash Compensation Award described herein, and all promises, representations,
understandings, arrangements and prior agreements are merged herein and superseded hereby. The
foregoing notwithstanding, this Agreement shall be interpreted, and such Deferred Cash Compensation
shall in all events be deferred and paid, in a manner consistent with Section 409A. The Company
reserves the right, exercisable in its sole discretion, to amend the Plan, this Agreement and the
Participant’s Election Form (without Participant’s consent) in order to accomplish such result.

     4.2. If any of the provisions of this Agreement should be held to be invalid, the remainder
of this Agreement shall not be affected thereby.

     4.3. This Agreement and the Plan shall be governed by and construed in accordance with ERISA,
and to the extent not preempted thereby, the laws of the State of Texas.

          IN WITNESS WHEREOF, the Company and the Participant have executed this Agreement as of the day
and year first written above.

	 	 	 	 	 
	PARTICIPANT	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	CENTEX CORPORATION	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	By:
	 	 	 	 
	 

	 	 
	 	 
	 

	 	 	 	Date of Signature

4<PAGE>

                                                                  EXHIBIT 10.92

                        FIRST AMENDMENT TO THIRD AMENDED
                          AND RESTATED CREDIT AGREEMENT

         This FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
dated as of July 14, 2005 (this "Amendment"), is among EZCORP, INC., a Delaware
corporation (the "Borrower"), and WELLS FARGO BANK, NATIONAL ASSOCIATION, as
Agent for itself and the other Lenders (the "Agent") and as the Issuing Bank,
and the Lenders.

                                    RECITALS:

         A.       The Borrower, the Agent, the Lenders and the Issuing Bank have
previously entered into that certain Third Amended and Restated Credit Agreement
dated as of April 8, 2004 (as the same has been amended, restated or modified
from time to time, the "Agreement").

         B.       A new indirect subsidiary of the Borrower, EZMONEY Colorado,
Inc., a Delaware corporation ("EZMONEY Colorado"), was created on March 21,
2005, and prior to the execution of this Amendment, EZMONEY Colorado has
executed and delivered documents, agreements and instruments required pursuant
to Section 8.10 of the Agreement in order to be a Guarantor under the Loan
Documents.

         C.       The Borrower has requested amendments to certain provisions of
the Agreement that are impacted by its new credit services organization program
as herein specifically provided.

         D.       The Agent and the Lenders are willing to make such amendments
on the terms and subject to the conditions and to the extent set forth below.

         NOW, THEREFORE, in consideration of the premises and the agreements,
provisions and covenants herein contained, the parties hereto hereby agree as
follows:

                                   ARTICLE I

                                   Definitions

         Section 1.1    Definitions.  All capitalized terms not otherwise
defined herein shall have the same meanings as in the Agreement, as amended
hereby.

                                   ARTICLE II

                                   Amendments

         Section 2.1    Amendment to Section 1.1.  Effective as of the date
hereof, the following definitions in Section 1.1 of the Agreement are hereby
amended and restated in their entirety to read as follows:

                  "Senior Leverage Ratio" means, as of any Fiscal Quarter end,
         the ratio of (a) Senior Funded Debt, minus CSO LC Liabilities (to the
         extent included in Senior Funded Debt) to (b) EBITDA, in each case for
         such Fiscal Quarter and the prior three Fiscal Quarters.

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT
<PAGE>

                  "Total Leverage Ratio" means, as of any Fiscal Quarter end,
         the ratio of (a) Funded Debt, minus CSO LC Liabilities (to the extent
         included in Funded Debt) to (b) EBITDA, in each case for such Fiscal
         Quarter and the prior three Fiscal Quarters.

         Section 2.2    Addition to Section 1.1.  Effective as of the date
hereof, the following definitions are hereby added to Section 1.1 of the
Agreement in alphabetical order to read in their entirety as follows:

                  "CSO LC Issuer" means, with respect to any CSO LC, the
         Borrower or a Guarantor that issued such CSO LC.

                  "CSO LC" means, any letter of credit issued by a CSO LC Issuer
         to an unaffiliated third party lender for the account of a borrower of
         a consumer loan in connection with the CSO Program.

                  "CSO LC Disbursement" means a disbursement by a CSO LC Issuer
         to an unaffiliated third party lender in connection with a drawing
         under a CSO LC.

                  "CSO LC Liabilities" means, at any time, the sum of that
         portion of the aggregate amounts available to be drawn of all
         outstanding CSO LCs equal to the principal amounts of the consumer
         notes supported by such CSO LCs.

                  "CSO Program" means the credit services organization program
         implemented by the Borrower or any Guarantor in compliance with
         applicable provisions of law, including without limitation in those
         instances where Texas law is applicable, the Texas Finance Code and
         Sections 302 and 393 thereof.

         Section 2.3    Amendment to Section 2.1(b).  Effective as of the date
hereof, Section 2.1(b) of the Agreement is hereby amended and restated to read
in its entirety as follows:

         (b) the sum of the outstanding Swing Loan Advances, the Letter of
         Credit Liabilities and the CSO LC Liabilities.

         Section 2.4    Amendment to Section 2.7(a).  Effective as of the date
hereof, clause (i) of Section 2.7(a) of the Agreement is hereby amended and
restated in its entirety to read as follows:

         (i) which when added to the then outstanding Revolving Credit Loan
         Advances plus the outstanding Letter of Credit Liabilities plus the
         outstanding CSO LC Liabilities plus the outstanding Swing Loan Advances
         would exceed the Revolving Credit Commitments, and

         Section 2.5    Amendment to Section 2.9.  Effective as of the date
hereof, Section 2.9 of the Credit Agreement is amended by adding the phrase "or
any CSO LC Liabilities" to the end of the last sentence therein.

         Section 2.6    Amendment to Section 2.11(a).  Effective as of the date
hereof, the references to "outstanding Letter of Credit Liabilities" in Section
2.11(a) of the Agreement are hereby deleted and the references to "outstanding
Letter of Credit Liabilities and CSO LC Liabilities" are inserted in lieu
thereof.

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - Page 2
<PAGE>

         Section 2.7    Amendment to Section 2.11(b).  Effective as of the date
hereof, the reference to the phrase "plus the Letter of Credit Liabilities" in
Section 2.11(b) of the Agreement is hereby deleted and the reference to the
phrase "plus the Letter of Credit Liabilities plus the CSO LC Liabilities" is
inserted in lieu thereof.

         Section 2.8    Amendment to Section 3.1(a)(ii)(B).  Effective as of the
date hereof, Section 3.1(a)(ii)(B) of the Agreement is hereby amended and
restated to read in its entirety as follows:

         (B) the sum of the outstanding Revolving Credit Loan Advances, CSO LC
         Liabilities and Swing Loan Advances

         Section 2.9    Amendment to Section 4.3.  Effective as of the date
hereof, the references to "the Letter of Credit Liabilities" in Section
4.3(a)(ii) and Section 4.3(b) of the Agreement are hereby deleted and the
reference to "the Letter of Credit Liabilities plus CSO LC Liabilities" is
inserted in each such subsection in lieu thereof.

         Section 2.10   Amendment to Section 8.1.  Effective as of the date
hereof, subsection (l) of Section 8.1 of the Agreement is hereby relettered
"(m)" and a new Section 8.1(l) is added to the Agreement to read in its entirety
as follows:

         Section 8.1(l) CSO Program Agreements.  As soon as available and in
any event within 30 days after the execution and delivery thereof, copies of
each agreement between the Borrower or any Guarantor and an unaffiliated, third
- party lender in connection with any CSO Program and the contractual
arrangement between the parties thereto in connection therewith; and

         Section 2.11   Amendment to Section 9.1.  Effective as of the date
hereof, the word "and" appearing at the end of Section 9.1(e) of the Agreement
is hereby deleted, and the remaining provisions of such Section are hereby
amended and restated to read in their entirety as follows:

                  (f)      Debt consisting of CSO LCs; and

                  (g)      Debt (other than Debt described in clauses (a)
         through and including (f) above) in an aggregate amount not to exceed
         $500,000.00 at any one time outstanding.

         Section 2.12   Amendment to Section 9.5.  Effective as of the date
hereof, (a) clause (g) of Section 9.5 of the Agreement is hereby amended by
deleting the word "and" at the end thereof, (b) clause (h) of Section 9.5 of the
Agreement is hereby amended by deleting the period at the end of such clause and
inserting "; and" in lieu thereof and (c) a new clause (i) is hereby added to
Section 9.5 of the Agreement to read in its entirety a follows:

                  (i)      any CSO LC Disbursements made by the CSO LC Issuer in
         connection with the CSO Program.

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - Page 3
<PAGE>

         Section 2.13   Amendment to Section 10.4.  Effective as of the date
hereof, the reference to the dollar amount "$8,000,000" in Section 10.4 of the
Agreement is hereby deleted and the reference to the dollar amount "$10,000,000"
is inserted in lieu thereof.

         Section 2.14   Amendment to Schedule 7.14.  Effective as of the date
hereof, all references to "Schedule 7.14" in the Agreement shall be deemed to
mean the "Schedule 7.14" attached hereto as Schedule 7.14.

         Section 2.15   Amendment to Exhibit C.  Effective as of the date
hereof, all references to "Exhibit C" in the Agreement shall be deemed to be
references to the "Exhibit C" attached hereto as Exhibit C.

                                  ARTICLE III

                              Conditions Precedent

         Section 3.1    Conditions.  The effectiveness of this Amendment is
subject to the satisfaction of the following conditions precedent:

                  (a)      Amendment. The Agent shall have received this
         Amendment executed by the Borrower, the Agent, the Issuing Bank and the
         Required Lenders and consented to by the Guarantors.

                  (b)      No Default. No Default shall have occurred and be
         continuing.

                  (c)      Representations and Warranties. All of the
         representations and warranties contained in Article VII of the
         Agreement and in the other Loan Documents shall be true and correct on
         and as of the date of this Amendment with the same force and effect as
         if such representations and warranties had been made on and as of such
         date, except to the extent such representations and warranties speak to
         a specific date.

                  (d)      Amendment Fee. The Borrower shall have paid to the
         Agent for the account of the Lenders executing this Amendment a
         nonrefundable amendment fee in the amount of $15,000 to be shared pro
         rata among the Lenders who have executed and delivered this Amendment
         on or before August 3, 2005.

                  (e)      CSO Program Agreements. The Agent shall have received
         copies of the agreements currently in existence as described in and as
         required by Section 8.1(l) of the Agreement, as amended by this
         Amendment.

                  (f)      Legal Opinions. The Agent shall have received
         favorable opinions of legal counsel to the Borrower and each Guarantor,
         satisfactory to the Agent, as to such matters as the Agent may
         reasonably request.

                  (g)      Additional Documentation. The Agent shall have
         received such additional approvals, opinions or documents as the Agent
         or its legal counsel may reasonably request.

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - Page 4
<PAGE>

                                   ARTICLE IV

                  Ratifications, Representations and Warranties

         Section 4.1    Ratifications.  The terms and provisions set forth in
this Amendment shall modify and supersede all inconsistent terms and provisions
set forth in the Agreement and except as expressly modified and superseded by
this Amendment, the terms and provisions of the Agreement and the other Loan
Documents are ratified and confirmed and shall continue in full force and
effect. The Borrower, the Lenders, the Issuing Bank and the Agent agree that the
Agreement as amended hereby and the other Loan Documents shall continue to be
legal, valid, binding and enforceable in accordance with their respective terms.

         Section 4.2    Representations and Warranties.  The Borrower hereby
represents and warrants to the Lenders, the Agent and the Issuing Bank that (a)
the execution, delivery and performance of this Amendment and any and all other
Loan Documents executed and/or delivered in connection herewith have been
authorized by all requisite corporate action on the part of the Borrower and
will not violate the certificate of incorporation or bylaws of the Borrower, (b)
the representations and warranties contained in the Agreement, and any other
Loan Document are true and correct on and as of the date hereof as though made
on and as of the date hereof (except for such representations and warranties as
are limited by their express terms to a specific date), (c) effective upon the
execution of this Amendment and the Loan Documents executed in connection
herewith, no Default has occurred and is continuing, and (d) the Borrower is in
full compliance with all covenants and agreements contained in the Agreement as
amended hereby.

                                   ARTICLE V

                                  Miscellaneous

         Section 5.1    Survival of Representations and Warranties.  All
representations and warranties made in this Amendment or any other Loan Document
including any Loan Document furnished in connection with this Amendment shall
survive the execution and delivery of this Amendment and the other Loan
Documents, and no investigation by the Lenders, the Agent or the Issuing Bank or
any closing shall affect the representations and warranties or the right of the
Lenders, the Agent or the Issuing Bank or the Agent to rely upon them.

         Section 5.2    Reference to Agreement.  Each of the Loan Documents,
including the Agreement and any and all other agreements, documents, or
instruments now or hereafter executed and delivered pursuant to the terms hereof
or pursuant to the terms of the Agreement as amended hereby, are hereby amended
so that any reference in such Loan Documents to the Agreement shall mean a
reference to the Agreement as amended hereby.

         Section 5.3    Expenses of Agent.  As provided in the Agreement,
Borrower agrees to pay on demand all costs and expenses incurred by the Agent in
connection with the preparation, negotiation, and execution of this Amendment
and the other Loan Documents executed pursuant hereto and any and all
amendments, modifications, and supplements thereto, including without limitation
the reasonable costs and fees of the Agent's legal counsel, and all costs and
expenses incurred by the Agent in connection with the enforcement or
preservation of any rights under the

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - Page 5
<PAGE>

Agreement or any other Loan Document, including without limitation the
reasonable costs and fees of the Agent's legal counsel.

         Section 5.4    Severability.  Any provision of this Amendment held by
a court of competent jurisdiction to be invalid or unenforceable shall not
impair or invalidate the remainder of this Amendment and the effect thereof
shall be confined to the provision so held to be invalid or unenforceable.

         Section 5.5    Applicable Law.  This Amendment and all other Loan
Documents executed pursuant hereto shall be governed by and construed in
accordance with the laws of the State of Texas and the applicable laws of the
United States of America.

         Section 5.6    Successors and Assigns.  This Amendment is binding upon
and shall inure to the benefit of the Lenders, the Agent, the Issuing Bank and
the Borrower and their respective successors and assigns, except the Borrower
may not assign or transfer any of its rights or obligations hereunder without
the prior written consent of the Lenders and the Agent.

         Section 5.7    Counterparts.  This Amendment may be executed in one or
more counterparts, each of which when so executed shall be deemed to be an
original, but all of which when taken together shall constitute one and the same
instrument. Signatures transmitted by facsimile, email or other electronic
medium shall be effective as originals.

         Section 5.8    Headings.  The headings, captions, and arrangements
used in this Amendment are for convenience only and shall not affect the
interpretation of this Amendment.

         Section 5.9    ENTIRE AGREEMENT.  THIS AMENDMENT AND ALL OTHER
INSTRUMENTS, DOCUMENTS AND AGREEMENTS EXECUTED AND DELIVERED IN CONNECTION WITH
THIS AMENDMENT EMBODY THE FINAL, ENTIRE AGREEMENT AMONG THE PARTIES HERETO WITH
RESPECT TO THE SUBJECT MATTER HEREOF AND SUPERSEDE ANY AND ALL PRIOR
COMMITMENTS, AGREEMENTS, REPRESENTATIONS AND UNDERSTANDINGS, WHETHER WRITTEN OR
ORAL, RELATING TO THIS AMENDMENT, AND MAY NOT BE CONTRADICTED OR VARIED BY
EVIDENCE OF PRIOR, CONTEMPORANEOUS OR SUBSEQUENT ORAL AGREEMENTS OR DISCUSSIONS
OF THE PARTIES HERETO. THERE ARE NO UNWRITTEN ORAL AGREEMENTS AMONG THE PARTIES
HERETO.

                  [Remainder of Page Intentionally Left Blank]

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - Page 6
<PAGE>

Executed as of the date first written above.

                                       BORROWER:

                                       EZCORP, INC.

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

                                       AGENT, ISSUING BANK AND LENDERS:

                                       WELLS FARGO BANK, NATIONAL ASSOCIATION,
                                       as Agent, Issuing Bank and a Lender

                                       By:
                                           ------------------------------------
                                           Richard Gan
                                           Vice President

                                       GUARANTY BANK,
                                       as a Lender

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - SIGNATURE PAGE
<PAGE>

         The Guarantors hereby consent and agree to this Amendment and agree
that the Guaranty shall remain in full force and effect and shall continue to
(i) guarantee the Guaranteed Indebtedness (as defined in the Guaranty), and (ii)
be the legal, valid and binding obligation of the Guarantors and enforceable
against the Guarantors in accordance with its terms. In addition, the Guarantors
hereby agree that each Subsidiary Security Agreement, the Contribution and
Indemnification Agreement and each Real Property Security Document shall remain
in full force and effect and shall continue to (i) secure the Obligations (as
defined in the Loan Documents other than the Real Property Security Documents)
and the Debt (as defined in the Real Property Security Documents), and (ii) be
the legal, valid and binding obligation of the Guarantors and enforceable
against the Guarantors and collateral in accordance with their respective terms.

                                        OBLIGATED PARTIES:
                                        -----------------
                                        EZCORP INTERNATIONAL, INC.
                                        EZMONEY COLORADO, INC.
                                        EZMONEY HOLDINGS, INC.
                                        EZMONEY MANAGEMENT, INC.
                                        EZPAWN ALABAMA, INC.
                                        EZPAWN ARKANSAS, INC.
                                        EZPAWN COLORADO, INC.
                                        EZPAWN FLORIDA, INC.
                                        EZPAWN HOLDINGS, INC.
                                        EZPAWN INDIANA, INC.
                                        EZPAWN LOUISIANA, INC.
                                        EZPAWN NEVADA, INC.
                                        EZPAWN OKLAHOMA, INC.
                                        EZPAWN TENNESSEE, INC.
                                        PAYDAY LOAN MANAGEMENT, INC.
                                        TEXAS EZPAWN MANAGEMENT, INC.

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

                                       TEXAS EZPAWN, L.P.

                                       By:  Texas EZPAWN Management, Inc.,
                                            its sole general partner

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - SIGNATURE PAGE
<PAGE>

                                       TEXAS PRA MANAGEMENT, L.P.

                                       By:  EZMoney Management, Inc.,
                                            its sole general partner

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

                                       TEXAS EZMONEY, L.P.

                                       By:  PAYDAY LOAN MANAGEMENT, INC.,
                                            its sole general partner

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

FIRST AMENDMENT TO THIRD AMENDED AND RESTATED CREDIT AGREEMENT - SIGNATURE PAGE
<PAGE>

                                  SCHEDULE 7.14

                              List of Subsidiaries

<TABLE>
<CAPTION>
                                                                                                                         Number of
                                                                                                                         Shares or
                                  Type of     Jurisdiction       Federal                                Foreign            Percent
Corporate Name                     Entity      of Entity         Tax I.D.       State I.D. Number     Jurisdictions       Interest
--------------                    -------     ------------       --------       -----------------     -------------      ---------
<S>                             <C>           <C>               <C>             <C>                   <C>                <C>
EZCORP, Inc.                    Corporation    Delaware         74-2540145         2196789                TX

EZCORP INTERNATIONAL, INC.      Corporation    Delaware         74-2874123         2870970                N/A               1,000

EZPAWN Alabama, Inc.            Corporation    Delaware         74-2643349         2307445                AL                1,000

EZPAWN Arkansas, Inc.           Corporation    Delaware         74-2629548         2292291                AR                1,000

EZPAWN Colorado, Inc.           Corporation    Delaware         74-2629549         CO - 2284741/          CO & TX           1,000
                                                                                   TX - 8700005692

EZPAWN Florida, Inc.            Corporation    Delaware         74-2655620         2313729                FL                1,000

EZPAWN Indiana, Inc.            Corporation    Delaware         74-2655624         2317132                IN                1,000

EZMoney Management, Inc.        Corporation    Delaware         74-2655625         2307447                TX                1,000

EZPAWN Louisiana, Inc.          Corporation    Delaware         74-2704187         2392318                LA                1,000

EZPAWN Nevada, Inc.             Corporation    Delaware         74-2672899         NV - 2328220/          NV & CA           1,000
                                                                                   CA - 2010557

EZPAWN Oklahoma, Inc.           Corporation    Delaware         74-2621073         2284738                OK                1,000

EZMoney Holdings, Inc.          Corporation    Delaware         74-2672902         2326107                N/A               1,000

EZPAWN Tennessee, Inc.          Corporation    Delaware         74-2641965         2302767                TN                1,000

EZPAWN Holdings, Inc.           Corporation    Delaware         74-2540146         2198785                MS                  100

Texas EZPAWN Management, Inc.   Corporation    Delaware         74-2689697         2361958                TX                1,000

Texas EZPAWN L.P.               Limited        Texas            74-2689698         7127110
                                Partnership

Texas PRA Management, L.P.      Limited        Texas            02-0596091         800081488
                                Partnership
Texas EZMONEY, L.P.             Limited        Texas            83 - 0360848       800210635
                                Partnership
</TABLE>

                                 Schedule 7.14
<PAGE>

<TABLE>
<CAPTION>
                                                                                                                         Number of
                                                                                                                         Shares or
                                  Type of     Jurisdiction       Federal                                Foreign            Percent
Corporate Name                     Entity      of Entity         Tax I.D.       State I.D. Number     Jurisdictions       Interest
--------------                    -------     ------------       --------       -----------------     -------------      ---------
<S>                             <C>           <C>               <C>             <C>                   <C>                <C>
Payday Loan Management, Inc.    Corporation    Delaware         83 - 0360843       800220645              TX                1,000

EZMONEY Colorado, Inc.          Corporation    Delaware         20 - 2531048       20051041748            CO                1,000
</TABLE>

                                 Schedule 7.14
<PAGE>

                                    EXHIBIT C

                              ADVANCE REQUEST FORM

TO:      Wells Fargo Bank, National Association, as Agent
         111 Congress Avenue, Suite 300
         Austin, Texas 78701
         Attention:  Richard Gan
                     Vice President

Gentlemen:

         The undersigned is an officer of EZCORP, Inc. (the "Borrower"), and is
authorized to make and deliver this certificate pursuant to that certain Third
Amended and Restated Credit Agreement dated as of April 8, 2004, among the
Borrower, Wells Fargo Bank, National Association, as Agent, as Issuing Bank, as
Lender, and as Swing Lender, and the other Lenders named therein (as the same
has been amended, restated, modified, or supplemented from time to time being
referred to herein as the "Credit Agreement"). All terms defined in the Credit
Agreement shall have the same meaning herein. In accordance with the Credit
Agreement, the Borrower hereby (check whichever is applicable):

         ___      1.    Requests that the Swing Lender make a Swing Loan
Advance under the Swing Loan in the amount set forth in item (I)(e) below on the
date set forth in item (I)(f) below.

         ___      2.    Requests that the Lenders with a Revolving Credit
Commitment make a Base Rate Advance under the Revolving Credit Loan in the
amount set forth in item (I)(e) below on the date set forth in item (I)(f)
below.

         ___      3.    Requests that the Lenders with a Revolving Credit
Commitment make a Eurodollar Advance under the Revolving Credit Loan in the
amount set forth in item (I)(e) below on the date set forth in item (I)(f) below
with an Interest Period of:

                                            one month
                  ------------------
                                            two months
                  ------------------
                                            three months
                  ------------------
                                            six months
                  ------------------

         In connection with the foregoing and pursuant to the terms and
provisions of the Credit Agreement, the undersigned hereby certifies to Agent
and the Lenders that the following statements are true and correct:

         (i)      The representations and warranties contained in Article VII of
the Credit Agreement and in each of the other Loan Documents are true and
correct in all material respects on and as of the date hereof with the same
force and effect as if made on and as of such date except to the extent such
representations and warranties speak to a specific date.

         (ii)     No Default has occurred and is continuing or would result from
the Advance requested hereunder.

         (iii)    No Material Adverse Effect has occurred since the date of the
most recent financial statements delivered to the Agent and the Lenders pursuant
to Section 8.1 of the Credit Agreement.

                                       1
<PAGE>

         (iv)     The amount of the Revolving Credit Loan Advance requested
hereunder, if any, when added to all outstanding Revolving Credit Loan Advances,
Swing Loan Advances, Letter of Credit Liabilities and CSO LC Liabilities, will
not exceed the Revolving Credit Commitments.

         (v)      The amount of the Swing Loan Advance requested hereunder, if
any, when added to all outstanding Swing Loan Advances, will not exceed the
lesser of (x) the Swing Commitment, and (y) the Revolving Credit Commitments
minus the sum of the outstanding Revolving Credit Loan Advances, the Letter of
Credit Liabilities and the CSO LC Liabilities.

         (vii)    All information supplied below is true, correct, and complete
as of the date hereof.

                  I. Advance Request Information for Revolving Credit Loans or
                  Swing Loans

<TABLE>
<CAPTION>
         <S>      <C>     <C>                                                                      <C>
         (a)      (1)     Aggregate amount of Revolving Credit Commitments                         $____________

                  (2)     Amount of Swing Commitment                                               $____________

         (b)      (1)     Outstanding principal amount of (A) Revolving Credit Loan Advances
                          and (B) Swing Loan Advances                                              $____________

                  (2)     Outstanding Letter of Credit Liabilities                                 $____________

                  (3)     Outstanding CSO LC Liabilities                                           $____________

                  (4)     Line (b)(1)(A) and (B) plus Line (b)(2) plus Line (b)(3)                 $____________

         (c)      Net availability of credit under the Revolving Credit Commitment:
                  (Line (a)(1) minus Line (b)(4))                                                  $____________

         (d)      Net availability of credit under Swing Commitment (lesser of (1) Line
                  (a)(2) minus Line (b)(1)(B), and (ii) Line (a)(1) minus Line (b)(4)              $____________

         (e)      Amount of requested Revolving Credit Loan Advance or Swing Loan Advance          $____________

         (f)      Date of requested Revolving Credit Loan Advance or Swing Loan Advance            _______, 200___
</TABLE>

                                    BORROWER:

                                  EZCORP, INC.

                                       By:
                                           ------------------------------------
                                           Name:
                                                 ------------------------------
                                           Title:
                                                  -----------------------------

Dated as of:
                  --------------------------------------------
                  [insert date of requested Advance]

                                       2

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