Document:

EX-10.1

 Exhibit 10.1 

EXCHANGE AGREEMENT 

This Exchange Agreement (this “Agreement”) is made and entered into as of March 2, 2014, by and among American
Superconductor Corporation, a Delaware corporation (the “Company”), and the holder identified on the signature page hereto (the “Noteholder”). The Company and the Noteholder are sometimes collectively
referred to in this Agreement as the “Parties” and individually as a “Party.” 
 WHEREAS, the Noteholder
is the holder of the Senior Convertible Note, issued by the Company to the Noteholder on December 20, 2012, in the principal amount as of such date of U.S.$24,616,919.39 (the “Note”) , a copy of which is filed as
Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2012 filed with the Securities and Exchange Commission on February 11, 2013; 

WHEREAS, the Noteholder wishes to exchange the Note for 6,627,267 shares (the “Exchange Shares”) of the Company’s common
stock, par value $0.01 per share, it being understood, for the avoidance of doubt, that such payment is in full satisfaction of all amounts otherwise owed to the Noteholder with respect to the Note, including for accrued interest on the Note; 

WHEREAS, the Noteholder is the holder of the Series A-2 Warrant to Purchase Common Stock issued by the Company to the Noteholder on
October 9, 2013 (the “Warrant”), a copy of which is filed as Exhibit 4.1 to the Company’s Quarterly Report on Form 10-Q for the fiscal quarter ended September 30, 2013 filed with the Securities and Exchange Commission
on November 12, 2013; and 
 WHEREAS, the Company wishes to issue the Exchange Shares in exchange for the Note upon the terms and
conditions set forth in this Agreement. 
 NOW, THEREFORE, in consideration of the mutual covenants, agreements and understandings herein
contained, the Parties agree as follows: 
 SECTION 1. Exchange of Note. 

1.1 The Exchange. On and subject to the terms and conditions set forth in this Agreement, on the Closing Date (as defined below), the
Company will, in exchange and as full consideration for the Note, issue the Exchange Shares. 
 1.2 Closing. The closing of the
transactions contemplated hereunder (the “Closing”) will take place on any day on or prior to March 5, 2014 as determined by the Company (the date of the Closing, the “Closing Date”). At the Closing, the
Company will deliver to the Noteholder the Exchange Shares free of restricted legend through the facilities of The Depository Trust Company via book-entry delivery to account number MLI GEF CVI 2U S01600, transaction code number 5198, and upon such
delivery of the Exchange Shares, the Note shall be cancelled without further action by the Parties. 
 SECTION 2. Representations and
Warranties of the Company. The Company represents and warrants to the Noteholder that the following statements are true and correct as of the date of this Agreement and will be true and correct as of the Closing Date.

 2.1 Organization. The Company is duly organized and validly existing and in good standing
under the laws of the State of Delaware, and has the requisite power and authorization to own its properties and to carry on its business as now being conducted and as presently proposed to be conducted. 

2.2 Authorization and Binding Obligation. The Company has the requisite power and authority to enter into and perform its obligations
under this Agreement. The execution and delivery of this Agreement by the Company and the consummation by the Company of the transactions contemplated hereby have been duly authorized by the Company. This Agreement has been duly executed and
delivered by the Company, and constitute the legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their respective terms, except as such enforceability may be limited by general principles of equity
or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies. 

2.3 Validity of Shares; Listing. When issued and delivered in accordance with this Agreement, the Exchange Shares to be delivered under
this Agreement (i) will be validly issued, fully paid and nonassessable and (ii) assuming the accuracy of the representations and warranties of the Noteholder in Section 3 below, be freely tradeable and not subject to any transfer
restrictions. Assuming the accuracy of the representations and warranties of the Noteholder in Section 3 below, the Exchange Shares are being exchanged for the Note pursuant to, and in compliance with, Section 3(a)(9) of the Securities Act
of 1933, as amended (the “Securities Act”). 
 2.4 Exchange Act Filings. The Company has filed all required reports
under Section 13 and 15(d) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), as applicable, during the 12 months preceding the date hereof. 

2.5 Disclosure. The Company confirms that neither it nor any other Person acting on its behalf has provided the Noteholder or its agent
or counsel with any information that constitutes or could reasonably be expected to constitute material, non-public information concerning the Company or any of its Subsidiaries, other than the existence of the transactions contemplated by this
Agreement. The Company understands and confirms that the Noteholder will rely on the foregoing representations in effecting transactions in securities of the Company. No event or circumstance has occurred or information exists with respect to the
Company or its business, properties, liabilities, prospects, operations (including results thereof) or conditions (financial or otherwise), which, under applicable law, rule or regulation, requires public disclosure at or before the date hereof or
announcement by the Company but which has not been so publicly announced or disclosed. 
 2.6 Broker’s Fees. Neither the Company
nor any of its officers or directors has retained or authorized any agent, investment banker, broker, finder or other intermediary to act on behalf of the Company or incurred any liability for any banker’s, broker’s or finder’s fees
or commissions or similar fee directly or indirectly in connection with the transactions contemplated by this Agreement. 

  
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 SECTION 3. Representations and Warranties of the Noteholder. The Noteholder hereby
represents and warrants to the Company that the following statements are complete and accurate as of the date of this Agreement and will be complete and accurate as of the Closing Date: 

3.1 Authorization and Binding Obligation. The Noteholder has the requisite power and authority to enter into and perform its
obligations under this Agreement. The execution and delivery of this Agreement and the consummation by the Noteholder of the transactions contemplated hereby and thereby has been duly authorized by the Noteholder. This Agreement has been duly
executed and delivered by the Noteholder and constitute the legal, valid and binding obligations of the Noteholder enforceable against the Noteholder in accordance with their respective terms, except as such enforceability may be limited by general
principles of equity or applicable bankruptcy, insolvency, reorganization, moratorium, liquidation or similar laws relating to, or affecting generally, the enforcement of applicable creditors’ rights and remedies.

3.2 Ownership. The Noteholder is the sole beneficial owner of the aggregate principal amount and any and all accrued and unpaid
interest thereon, as the case may be, of the Note, such Note is owned free and clear of all liens and other claims, encumbrances or restrictions on sale of any sort whatsoever, and upon the occurrence of the Closing hereunder, the Company shall
acquire sole beneficial ownership of the Note, free and clear of all liens and other claims, encumbrances or restrictions on sale of any sort whatsoever arising from or through the Noteholder. To the knowledge of the Noteholder, no proceedings
relating to the Noteholder are pending or threatened before any court, arbitrator or administrative or governmental body that would adversely affect the Noteholder’s right to transfer the Note to the Company. 

3.3 Accredited Investor; Not an Affiliate; Investment. The Noteholder is an “accredited investor” (as such term is defined in
Rule 501(a) of Regulation D under the Securities Act). The Noteholder is not now, has not been during the 90 days immediately before the date hereof Closing Date and will not be during the 90 days immediately before the Closing Date, an officer,
director or more than 10% stockholder of the Company and in any other way an “affiliate” of the Company (as that term is defined in Rule 144(a)(1) under the Securities Act). Upon, and giving effect to, the issuance of the Exchange Shares,
the Noteholder shall not beneficially own more than 10% of the outstanding shares of the Company’s common stock. The Noteholder is knowledgeable, sophisticated and experienced in business and financial matters and has previously invested in
securities similar to the Exchange Shares. The Noteholder is able to bear the economic risk of its investment in the Exchange Shares and is presently able to afford the complete loss of such investment and has been afforded access to information
about the Company and its financial condition, results of operations, business, property and management sufficient to enable the Noteholder to evaluate its investment in the Exchange Shares. The Noteholder has made an independent decision to
exchange the Note based on the information available to the Noteholder, which it has determined is adequate for that purpose. The Noteholder acknowledges that it has independently made its own analysis and decision to sell the Note without reliance
upon the Company and based on such information as it has deemed appropriate in its independent judgment. The Noteholder has not relied on any information (in any form, whether written or oral, including any representation or warranty of the Company)
furnished by the Company or on the Company’s behalf in making that decision (other than the representations of the Company expressly set forth herein). The Noteholder further acknowledges that it has not relied on the Company or the
Company’s representatives for any tax advice related to the transactions contemplated hereunder and that the Noteholder has consulted with its own tax advisor with respect to the application of the United States Federal income tax laws to its
particular situation as well as any tax 

  
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consequences of the exchange of the Note for the Exchange Shares and the ownership and disposition of the Exchange Shares. Neither the Company nor its affiliates, respective officers, employees,
agents or controlling persons have provided any investment advice or rendered any opinion to the Noteholder as to whether the exchange of the Note for the Exchange Shares is prudent or suitable. 

3.4 Broker’s Fees. Neither the Noteholder nor any of its officers or directors or persons serving in a similar capacity has
retained or authorized any investment banker, broker, finder or other intermediary to act on behalf of the Noteholder or incurred any liability for any banker’s, broker’s or finder’s fees or commissions in connection with the
transactions contemplated by this Agreement. 
 SECTION 4. Warrant. The Parties agree, solely with respect to issuances or deemed
issuances of shares of Common Stock of the Company under the At Market Issuance Sales Agreement, dated November 15, 2013, between the Company and MLV & Co. LLC or any other “at-the-market” or similar arrangement pursuant to
which the Company issues Common Stock (an “ATM Facility”), but specifically excluding any “equity line of credit” or other similar arrangement, that no reduction in the Exercise Price (as defined in the Warrant) shall be
required under Section 2 of the Warrant in the event of any issuance or sale, or deemed issuance or sale, of shares of Common Stock (as defined in the Warrant) on any calendar day, unless the reduction in the Exercise Price (as defined in the
Warrant) caused by such issuance, together with all other such issuances and sales on such calendar day, calculated on an aggregate basis in accordance with Section 2(b) of the Warrant, is at least $.01. For purposes of Section 2 of the
Warrant, any issuance or sale, or deemed issuance or sale, of shares of Common Stock on a calendar day under an ATM Facility shall not be aggregated with any such issuance or sale on any other calendar day. 

SECTION 5. Miscellaneous. 

5.1 Disclosure of Transactions and Other Material Information. On or before 9:30 a.m., New York time, on the first
(1st) Business Day following the date of this Agreement, the Company shall file a Current Report on Form 8-K describing the material terms of the transactions contemplated by this Agreement in the form required by the Exchange Act (the
“8-K Filing”). From and after the issuance of the 8-K Filing, the Company shall have disclosed all material, non-public information delivered to the Noteholder by the Company or any of its officers, directors, employees or agents in
connection with the transactions contemplated by this Agreement. 
 5.2 Further Assurances. The Noteholder agrees to deliver the
original Note to the Company on or prior to March 7, 2013. The Noteholder agrees to provide the Company two duly completed Internal Revenue Service Form W-9 or W-8, as applicable, together with any required attachments, promptly after the
execution of this Agreement. In case at any time after the Closing any further action is necessary or desirable to carry out the purposes of this Agreement or the transactions contemplated hereby, each of the Parties will take such further action
(including the execution and delivery of such further instruments and documents) as the other Party may reasonably request. 
 5.3
Counterparts. This Agreement may be executed simultaneously in counterparts (including by means of facsimile or other electronic transmission), any one of which need not contain the signatures of more than one Party, but all such counterparts
taken together shall constitute one and the same Agreement. 

  
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 5.4 Descriptive Headings; Interpretation. The headings and captions used in this Agreement
are for reference purposes only and shall not affect in any way the meaning or interpretation of this Agreement. Any capitalized terms used in any Schedule attached hereto and not otherwise defined therein shall have the meanings set forth in this
Agreement. The use of the word “including” herein shall mean “including without limitation.” The Parties intend that each representation, warranty and covenant contained herein shall have independent significance. 

5.5 Entire Agreement. This Agreement and the agreements and documents referred to herein contain the entire agreement and understanding
between the Parties with respect to the subject matter hereof and supersede all prior agreements and understandings, whether written or oral, relating to such subject matter in any way. 

5.6 Amendment. This Agreement may be amended, modified or supplemented but only in writing (including a writing evidenced by a
facsimile transmission) signed by the Party against which enforcement is sought. 
 5.7 Expenses. Each Party will bear its own
expenses in connection with the transactions contemplated hereby. 
 5.8 APPLICABLE LAW; WAIVER OF JURY TRIAL; THIS AGREEMENT SHALL
BE GOVERNED BY AND CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK WITHOUT REGARD TO CONFLICT OF LAW PRINCIPLES THAT WOULD RESULT IN THE APPLICATION OF ANY LAW OTHER THAN THE LAW OF THE STATE OF NEW YORK. THE PARTIES
HERETO AGREE TO WAIVE ANY RIGHT TO TRIAL BY JURY IN ANY DISPUTE ARISING FROM OR RELATED TO THIS AGREEMENT. 
 5.9 Submission to
Jurisdiction. Each Party agrees that any suit, action or proceeding bought by it against the other Party arising out of or based upon this Agreement or the transactions contemplated hereby may be instituted in any state or federal court in The
City of New York, New York, and waives any objection which it may now or hereafter have to the laying of venue of any such proceeding, and irrevocably submits to the non-exclusive jurisdiction of such courts in any suit, action or proceeding. 

5.10 Notices. All notices, demands or other communications to be given or delivered under or by reason of the provisions of this
Agreement shall be in writing and shall be sent to the Company and the Noteholder at the addresses set forth below: 
 To the Company: 

American Superconductor Corporation 

64 Jackson Road 
 Devens, MA 01434

 Telephone: (978) 842-3539 

Facsimile: (978) 842-3530 

Attention: General Counsel 

  
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 To the Noteholder: 

Capital Ventures International 

c/o Heights Capital Management 

101 California Street, Suite 3250 

San Francisco, CA 94111 

Telephone: (415) 403-6500 

Facsimile: (415) 403-6525 

Attention: Martin Kobinger, Investment Manager 

5.11 No Construction Against Draftsperson. The Parties have participated jointly in the negotiation and drafting of this Agreement. In
the event an ambiguity or question of intent or interpretation arises, this Agreement shall be construed as if drafted jointly by the Parties, and no presumption or burden of proof shall arise favoring or disfavoring any Party by virtue of the
authorship of any of the provisions of this Agreement. 
 5.12 Release; Termination. Effective upon the Closing: (a) each of the
Parties releases and discharges the other Party from any and all claims such Party may have, now or in the future, arising out of or related to the Note, including under the Securities Purchase Agreement (the “SPA”), dated as of
April 4, 2012, between the Parties, the Amendment and Exchange Agreement, dated as of December 20, 2012, between the Parties, the Second Amendment and Warrant Exchange Agreement, dated as of October 9, 2013, between the Parties, and
the Registration Rights Agreement (the “RRA”), dated as of April 4, 2012, between the Parties, (b) Section 4 of the SPA is terminated and shall have no further force or effect, (c) the RRA is terminated in its
entirety and shall have no further force or effect and (d) all obligations under the Note and all indebtedness under the Note shall have been satisfied in full without any further action by the Parties. The Noteholder agrees to take such
actions and execute such documents, at the Company’s expense, as the Company may reasonably request to evidence the release, discharge, termination and satisfaction of the documents and obligations, as applicable, under this Section 5.12.

 (Signatures on next page) 

  
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 IN WITNESS WHEREOF, the Parties have executed this Exchange Agreement as of the date first
written above. 
  

			
	COMPANY:
	
	AMERICAN SUPERCONDUCTOR CORPORATION
		
	By:	 	 /s/ DAVID A. HENRY

	Name:	 	David A. Henry
	Title:	 	SVP, CFO
	
	NOTEHOLDER:
	
	CAPITAL VENTURES INTERNATIONAL
		
	By:	 	Heights Capital Management,
		 	the authorized agent
		
	By:	 	 /s/ MARTIN KOBINGER

	Name:	 	Martin Kobinger
	Title:	 	Investment ManagerEX-10.28

 Exhibit 10.28 
 CASH AMERICA INTERNATIONAL, INC. 
 2011 LONG TERM INCENTIVE PLAN AWARD
AGREEMENT 
 This Long Term Incentive Plan Award Agreement (the “Agreement”) is
entered into as of the 26th day of January, 2011, by and
between CASH AMERICA INTERNATIONAL, INC. (the “Company”) and                      (“Employee”). 

W I T N E S S E T H: 

WHEREAS, the Company has adopted the Cash America International, Inc. 2004 First Amended and Restated Long-Term Incentive Plan, as
amended (the “Plan”), which is administered by the Management Development and Compensation Committee of the Company’s Board of Directors (the “Committee”); and 

WHEREAS, pursuant to Section 4 and Section 9 of the Plan, the Committee has granted to Employee an award (the
“Award”) of Restricted Stock Units to encourage Employee’s continued loyalty and diligence that consists of (a) an Award that shall vest under the terms of the Plan over a four-year period (the “Base
Award”), and (b) an additional Award that shall vest, subject to the satisfaction of certain conditions specified in this Agreement and Exhibit “A” to this Agreement, on January 1, 2014 (the “Performance
Award”); 
 WHEREAS, the Restricted Stock Units (“RSUs”) represent the unfunded and unsecured
promise of the Company to issue to Employee an equivalent number of shares of the common stock of the Company or its successors (“Common Stock”) at a future date, subject to the terms of this Agreement. 

NOW, THEREFORE, for and in consideration of the mutual promises herein contained, and for other good and valuable consideration,
the receipt and sufficiency of which are hereby acknowledged, the parties agree as follows: 
 1. Award.

 (a) General. Subject to the restrictions and other conditions set forth herein and in Exhibit “A” to
this Agreement, the Company hereby grants to Employee the following Award: 
 (i) a Base Award of
                     RSUs; and 
 (ii) a maximum Performance Award of                  RSUs (of such amount
                 RSUs shall be considered the target Performance Award (the “Target Performance Award”) as further described on Exhibit “A”).
The Performance Award is designated as a Qualified Performance-Based Award as defined in Section 2 of the Plan. 
 (b)
Grant Date. The Award was awarded to Employee on January 26, 2011 (the “Grant Date”). 
 2.
Vesting. 
 (a) Base Award Vesting. The Base Award shall vest as follows: Substantially equal 25%
increments of the RSUs shall vest on each of the following dates as long as Employee remains continuously (i) employed by the Company or its subsidiaries or other affiliates, and/or (ii) a member of the Company’s Board of Directors
(the “Board”), through the applicable vesting date: February 25, 2012; January 31, 2013; January 31, 2014, and January 31, 2015. Any RSUs that are part of the Base Award and have not vested shall remain
subject to forfeiture under Section 3 of this Agreement. 

 (b) Performance Award Vesting. Subject to the terms and conditions specified
on Exhibit “A,” the portion of the Performance Award payable hereunder, if any, shall vest on January 1, 2014 (“Performance Award Vesting Date”), as long as Employee remains continuously (i) employed by the
Company or its subsidiaries or other affiliates, and/or (ii) a member of the Board, through said date, subject to receiving Committee Certification (as defined on Exhibit “A”). In addition, if Employee’s employment with the
Company and all of its subsidiaries and affiliates and his service as a member of the Board terminates for any reason (including death) before the Performance Award Vesting Date and Employee’s age plus continuous tenure with the Company (as
described in Section 3(e)) equals at least 65 years (as further described in Section 3(b) of this Agreement), then, subject to the terms and conditions specified on Exhibit “A,” the portion of the Performance Award payable
hereunder, if any, shall vest subject (i) to receiving Committee Certification, and (ii) to the proration rules set forth in Section 3(b) of this Agreement. 
 3. Treatment of Award Upon Termination or Failure to Vest. 
 (a)
Base Award Forfeiture. Upon Employee’s termination of employment with the Company and all of its subsidiaries and affiliates and his service as a member of the Board for any reason (including death), any portion of the Base Award
that has not yet vested as provided in Section 2(a) of this Agreement shall be immediately forfeited, and Employee shall forfeit any and all rights in or to such unvested portion of the Base Award. 

(b) Performance Award Proration and Forfeiture with Rule of 65. If Employee’s employment with the Company and all of
its subsidiaries and affiliates and his service as a member of the Board terminates for any reason (including death) before the Performance Award Vesting Date and Employee’s age plus continuous tenure with the Company (as described in
Section 3(e)) as of the later of Employee’s employment termination date or Employee’s termination of service from the Board equals 65 years or more: 
  

	 	i.	Subject to the terms and conditions of Exhibit “A,” Employee shall be entitled to a prorated portion of any Performance Award (A) that receives the
Committee Certification, and (B) that would have otherwise vested and been payable pursuant to this Agreement if Employee had remained employed by the Company and/or engaged as a Board member through the Performance Award Vesting Date. Such
prorated portion shall be determined by multiplying the amount of the Performance Award that would have been payable to Employee, had Employee remained employed by the Company and/or engaged as a Board member through the Performance Award Vesting
Date, by a fraction the numerator of which is equal to the number of whole calendar months following the Grant Date that Employee was actively employed by the Company and/or engaged as a Board member, and the denominator of which is equal to 35;

  

	 	ii.	The prorated portion of the vested Performance Award payable under this Section 3(b) shall be calculated as of the Performance Award Vesting Date, and shall be
paid at the time specified under Section 4 of this Agreement; and 

  
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	 	iii.	Except for any prorated portion of the Performance Award that is determined in accordance with Section 3(b)(i) above and is certified by the Committee in
accordance with the terms of Exhibit “A,” Employee shall forfeit any and all rights in or to the remaining unvested portion of the Performance Award. 

 (c) Performance Award Forfeiture without Rule of 65. If Employee’s employment with the Company and all of its subsidiaries and affiliates and his service as a member of the Board
terminates for any reason (including death) before the Performance Award Vesting Date, and Employee’s age plus his continuous tenure with the Company (as described in Section 3(e)) as of the later of Employee’s employment termination
date or Employee’s termination of service from the Board equals less than 65 years, then Employee shall forfeit all rights in or to any portion of the Performance Award. 
 (d) Performance Award Forfeiture—General. Any portion of the Performance Award that does not vest on or before the Performance Award Vesting Date as described hereinabove shall be
forfeited, and Employee shall forfeit any and all rights in or to such unvested portion of the Performance Award. 
 (e)
Tenure with the Company. For purposes of Sections 3(b) and 3(c) of this Agreement, Employee’s “tenure with the Company” shall be the number of whole years that Employee had been continuously (i) employed by the
Company and all of its subsidiaries and/or (ii) a member of the Board on the most recent anniversary of the earlier to occur of Employee’s commencement of Employee’s employment or Employee’s commencement of service as a member of
the Board. 
 4. Payment of Awards. 
 (a) General. 
  

	 	i.	Except as provided in Section 4(b)(i) below, (A) as each 25%-portion of the Base Award vests, the Company shall instruct its transfer agent to issue a stock
certificate evidencing the conversion of such vested RSUs into whole vested shares of Common Stock in the name of Employee (or if Employee has died, in the name of Employee’s designated beneficiary or, if no beneficiary has been designated,
Employee’s estate (“Beneficiary”)) within a reasonable time after the vesting date of such 25%-portion of the Base Award, but (B) in no event will the Common Stock relating to the then-vesting portion of the Base Award be
transferred to Employee later than December 31 of the calendar year in which the vesting date for the then-vesting portion of the Base Award occurs. 

  

	 	ii.	If any portion of the Performance Award vests and is certified by the Committee in accordance with the terms of Exhibit “A,” then, except as provided in
Section 4(b)(ii) below, (A) the Company shall instruct its transfer agent to issue a stock certificate evidencing the conversion of all vested Performance Award RSUs certified by the Committee that have not been forfeited under
Section 3 of this Agreement into whole vested shares of Common Stock in the name of Employee (or if Employee has died, in the name of Employee’s Beneficiary) within a reasonable time after the Committee Certification Date (as defined in
Exhibit “A”), but (B) in no event will the Common Stock relating to the vested portion of the Performance Award, as certified by the Committee, be transferred to Employee later than March 15, 2015. 

 

	 	iii.	The Company shall not be required to deliver any fractional shares of Common Stock under the Base Award or the Performance Award. Any fractional shares shall be rounded
up to the next whole share. 

  
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 (b) Deferred Delivery.  

 

	 	i.	Employee may elect to defer the timing of the payment of the vested portions of the Base Award granted under this Agreement until the later of (A) the date
Employee has a separation from service as an employee (within the meaning of Treasury Regulations Section 1.409A-1(h)(1); “Employment Separation from Service”) or (B) a specified date which may be either the applicable
vesting date or a later date not later than January 31, 2015. For all portions of the Base Award granted under this Agreement, such deferral election must be made no later than February 25, 2011. For clarification purposes, the payment for
any portions of the Base Award that vest following an Employment Separation from Service in accordance with this Agreement and are deferred in accordance with this Section 4(b)(i) will be paid in accordance with Section 4(b)(i)(B);
provided, however, if Employee has not specified a date pursuant to Section 4(b)(i)(B), such date shall be deemed to be January 31, 2015. 

  

	 	ii.	Employee may elect to defer but not accelerate the timing of the payment of the portion of the Performance Award granted under this Agreement that vests and is
certified by the Committee in accordance with this Agreement, if any, until the later of (A) the date of Employee’s Employment Separation from Service, or (B) January 1, 2016. Such election must be made by the earlier of
June 30, 2013, or the date Employee has an Employment Separation from Service. For clarification purposes, if the Performance Award vests following an Employment Separation from Service in accordance with this Agreement and is deferred in
accordance with this Section 4(b)(ii) the payment of the portion of the Performance Award granted under this Agreement that vests and is certified by the Committee in accordance with this Agreement, if any, will be paid in accordance with
Section 4(b)(ii)(B). 

  

	 	iii.	 To the extent required under Code §409A and applicable guidance issued thereunder (“Code §409A”), if Employee is a specified
employee (within the meaning of Code §409A) at the time Employee has an Employment Separation from Service and has elected to defer receipt of his Base Award and/or Performance Award, the shares of Common Stock transferable on a deferred basis
as a result of Employee’s Employment Separation from Service for any reason other than Employee’s death shall not be issued before the date that is six months after Employee’s Employment Separation from Service or such earlier time
(if any) as may be permitted under Code §409A. In the event of Employee’s death after he has elected to defer receipt of his Base Award and/or Performance Award, the shares of Common Stock relating to any and all outstanding RSUs that have
not been forfeited under Section 3 of this Agreement will be issued in the name of Employee’s Beneficiary, as follows: (A) for the Base Award, upon the 60th day after Employee’s death, and (B) for any vested Performance Award certified by the Committee, by the
latest to occur of (a) March 15, 2015, (b) December 31 of the year in which his death occurs, or (c) within 2 1/2 months after his date of death. 

  
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 5. Change in Control. 

(a) Vesting and Payment. In the event of a Change in Control (as defined below) while Employee is still employed by the
Company or its subsidiaries or other affiliates and/or serving as a member of the Board, vesting of the entire Award (both the Base Award and the Performance Award) shall automatically accelerate and become 100% vested as of the date the Change in
Control occurs as long as Employee has remained continuously employed and/or served as a member of the Board through such date. In such event, the shares of Common Stock evidencing vested RSUs shall be delivered to Employee in a lump sum within 60
days following the date of the Change in Control, notwithstanding any election made under Section 4(b) of this Agreement. A “Change in Control” shall mean an event that is a change in the ownership of the Company, a change in
the effective control of the Company or a change in the ownership of a substantial portion of the assets of the Company, all as defined in Code §409A, except that 35% shall be substituted for 30% in applying Treasury Regulations
Section 1.409A-3(i)(5)(vi) and 50% shall be substituted for 40% in applying Treasury Regulations Section 1.409A-3(i)(5)(vii). Notwithstanding the above, a “Change in Control” shall not include any event that is not treated
under Code §409A as a change in control event with respect to Employee. 
 (b) Substitution. Notwithstanding
anything set forth herein to the contrary, upon a Change in Control, the Committee, in its sole discretion, may, in lieu of issuing Common Stock, provide Employee with an equivalent amount payable in the form of cash. 

6. Agreement of Employee. Employee acknowledges that certain restrictions under state or federal securities laws may apply
with respect to the shares of Common Stock to be issued pursuant to the Award. Specifically, Employee acknowledges that, to the extent Employee is an “affiliate” of the Company (as that term is defined by the Securities Act of 1933), the
shares of Common Stock to be issued as a result of the Award are subject to certain trading restrictions under applicable securities laws (including particularly the Securities and Exchange Commission’s Rule 144). Employee hereby agrees to
execute such documents and take such actions as the Company may reasonably require with respect to state and federal securities laws and any restrictions on the resale of such shares which may pertain under such laws. Notwithstanding anything herein
to the contrary and only to the extent permitted under Code §409A, a payment may be delayed to the extent the Company reasonably anticipates that making the payment will violate federal securities laws or other applicable laws. 

7. Withholding. Upon the issuance of shares to Employee pursuant to this Agreement, Employee shall pay an amount equal to
the amount of all applicable federal, state and local employment taxes which the Company is required to withhold at any time. Such payment may be made in cash or, with respect to the issuance of shares to Employee pursuant to this Agreement, by
delivery of whole shares of Common Stock (including shares issuable under this Agreement) in accordance with Section 14(a) of the Plan and the terms of Code §409A. 

  
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 8. Adjustment of Awards. 

(a) If there is an increase or decrease in the number of issued and outstanding shares of Common Stock through the payment of a stock
dividend or resulting from a stock split-up, a recapitalization, or a combination or exchange of shares of Common Stock, then the number of outstanding RSUs hereunder shall be adjusted so that the proportion of such Award to the Company’s total
issued and outstanding shares of Common stock remains the same as existed immediately prior to such event. 
 (b) Except as
provided in Section 8(a) of this Agreement, no adjustment in the number of shares of Common Stock subject to any outstanding portion of the RSUs shall be made upon the issuance by the Company of shares of any class of its capital stock or
securities convertible into shares of any class of capital stock, either in connection with a direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of any other obligation of the Company that may be
convertible into such shares or other securities. 
 (c) Upon the occurrence of events affecting Common Stock other than those
specified in Sections 8(a) and 8(b) of this Agreement, the Committee may make such other adjustments to awards as are permitted under Section 5(c) of the Plan. This section shall not be construed as limiting any other rights the Committee may
have under the terms of the Plan. 
 9. Clawback Provision. Notwithstanding anything in the Plan to the contrary,
in the event that the Company is required to materially restate its financial results, excluding a material restatement of such financial results due solely to a change in generally accepted accounting principles in the United States or such other
accounting principles that may be adopted by the Securities and Exchange Commission and are or become applicable to the Company, at any time before or within two years following the Performance Award Vesting Date as a result of fraud or intentional
misconduct on the part of the Employee, the Committee may, in its discretion, (a) cancel the Performance Award, in whole or in part, whether or not vested (so long as shares of Common Stock have not yet been issued in accordance with
Section 4(a)(ii) or Section 4(b)(ii) of this Agreement) and/or (b) require the Employee to repay to the Company an amount equal to all or any portion of the value of any or all of the shares that have been issued in accordance with
Section 4(a)(ii) of this Agreement valued as of the Performance Award Vesting Date. Such cancellation or repayment obligation shall be effective as of the date specified by the Committee. Any repayment obligation may be satisfied in shares of
Common Stock or cash or a combination thereof (based on the Fair Market Value of the shares of Common Stock on the date of repayment) and the Committee may provide for an offset to any future payments owed by the Company or any of its subsidiaries
or affiliates to the Employee if necessary to satisfy the repayment obligation; provided, however, that if any such offset is prohibited under applicable law, the Committee shall not permit any offsets and may require immediate repayment by the
Employee. 
 Notwithstanding the foregoing, to the extent required to comply with applicable law and/or any Clawback Policy
adopted by the Company after the date of this Agreement, the Company may unilaterally amend this Section 9, and any such amendment shall be made by providing notice of such amendment to Employee, and such amendment shall be binding on Employee;
provided, regardless of whether the Company makes such a unilateral amendment to this Section 9 or provides such notice to Employee, this section shall be deemed consistent with any Clawback Policy adopted by the Company after the date of this
Agreement and Employee shall be bound thereby. 

  
 6 

 10. Plan Provisions. 

In addition to the terms and conditions set forth herein, the Award is subject to and governed by the terms and conditions set forth in
the Plan, as may be amended from time to time, which are hereby incorporated by reference. Any terms used herein with an initial capital letter shall have the same meaning as provided in the Plan, unless otherwise specified herein. In the event of
any conflict between the provisions of the Agreement and the Plan, the Plan shall control. 
 11. Miscellaneous.

 (a) Limitation of Rights. The granting of the Award and the execution of the Agreement shall not give Employee
any rights to (1) similar grants in future years, (2) any right to be retained in the employ or service of the Company or any of its affiliates or subsidiaries, or (3) interfere in any way with the right of the Company or its
affiliates or subsidiaries to terminate Employee’s employment or services at any time. 
 (b) Claims
Procedure. Any dispute or claim for benefits by any person under this Agreement shall be determined by the Committee in accordance with the claims procedures under the Cash America International, Inc. Nonqualified Savings Plan. 

(c) Shareholder Rights. Neither Employee nor Employee’s Beneficiary shall have any of the rights of a shareholder with
respect to any shares of Common Stock issuable upon vesting of any Award, including without limitation a right to cash dividends or a right to vote, until (i) such Award is vested and, if applicable with respect to the Performance Award,
certified by the Committee, and (ii) such shares have been delivered and issued to Employee or Employee’s Beneficiary pursuant to Section 4 of this Agreement. 
 (d) Severability. If any term, provision, covenant or restriction contained in the Agreement is held by a court or a federal regulatory agency of competent jurisdiction to be invalid, void
or unenforceable, the remainder of the terms, provisions, covenants and restrictions contained in the Agreement shall remain in full force and effect, and shall in no way be affected, impaired or invalidated. 

(e) Controlling Law. The Agreement is being made in Texas and shall be construed and enforced in accordance with the laws of
that state. 
 (f) Construction. The Agreement and the Plan contain the entire understanding between the parties,
and supersedes any prior understanding and agreements between them, representing the subject matter hereof. There are no representations, agreements, arrangements or understandings, oral or written, between and among the parties hereto relating to
the subject matter hereof which are not fully expressed herein. 
 (g) Amendments to Comply With Code §409A.
Notwithstanding the foregoing, if any provision of this Agreement would cause compensation to be includible in Employee’s income pursuant to Code §409A(a)(1), then the Company may amend the Agreement in such a way as to cause
substantially similar economic results without causing such inclusion; any such amendment shall be made by providing notice of such amendment to Employee, and shall be binding on Employee. 

(h) Headings. Section and other headings contained in the Agreement are for reference purposes only and are in no way
intended to describe, interpret, define or limit the scope, extent or intent of the Agreement or any provision hereof. 

  
 7 

 IN WITNESS WHEREOF, the parties hereto have executed the Agreement as of the day and
year first set forth above. 
  

			
	CASH AMERICA INTERNATIONAL, INC.
		
	By:	 	  

	
	EMPLOYEE
	
	  

  
 8 

 EXHIBIT A 
 TERMS AND CONDITIONS OF PERFORMANCE AWARD 
  

	1.	General. The amount of the Performance Award that will vest and be payable upon vesting shall be based on the Company achieving growth in its fully diluted EPS
over the three-year period ending December 31, 2013. 

  

	2.	Target Performance Award and Maximum Performance Award. 100% of the Target Performance Award shall vest and be payable if the Company’s EPS achieves a
compounded annual growth rate (“CAGR”) of 10% or more when comparing the base EPS for the year ended December 31, 2010 (see below), with the EPS for the year ending December 31, 2013 (see below); 200% of the Target Performance
Award (or the maximum Performance Award) shall vest and be payable if the Company’s EPS achieves a CAGR of 20% or more when comparing the base EPS for the year ended December 31, 2010 (see below), with the EPS for the year ending
December 31, 2013 (see below). 

  

	3.	Calculation of CAGR. The base EPS shall be $3.67 per share. The CAGR shall reflect the cumulative growth of the fully diluted EPS over the three-year
period ending December 31, 2013, and shall exclude all amounts of any after-tax gain or loss that exceeds $500,000 from either the discontinuation of any business operations or from the sale of assets in a single transaction that is outside the
ordinary course of the Company’s business (the “2013 Adjusted EPS”). 

  

	4.	Adjustments. If there is an increase or decrease in the number of issued and outstanding shares of Common Stock through the payment of a stock dividend or
resulting from a stock split-up, a recapitalization or a combination or exchange of shares of Common Stock, then the EPS of the base year used to calculate the amount of the Performance Award shall be adjusted to reflect such increase or decrease.

  

	5.	Vesting and Payment Amounts. The amount of the Performance Award that will vest and be payable (subject to Committee Certification, as described below) shall be
determined as follows: 

  

	 	a.	The Company’s 2013 Adjusted EPS must achieve a CAGR of at least 7.5% in order for any amount of the Performance Award to vest and be payable; and with a CAGR of
10%, 100% of the Target Performance Award will vest and be payable (see the Performance Schedule in Paragraph 7 below). 

  

	 	b.	200% of the Target Performance Award amount shall vest and be payable if the Company’s 2013 Adjusted EPS achieves a CAGR of 20% or more. 

 

	 	c.	If the Company’s 2013 Adjusted EPS achieves a CAGR of at least 7.5% but less than 20%, the amount of the Target Performance Award that will vest and be payable
shall be determined in accordance with the Performance Schedule in Paragraph 7 below. (See also the examples in Paragraph 8 below.) 

  

	 	d.	No portion of the Performance Award will vest or be payable if the Company’s 2013 Adjusted EPS achieves a CAGR of less than 7.5%. 

 

	 	e.	For purposes of determining the amount of the Performance Award that will vest and be payable, CAGR shall be rounded to the nearest 0.1%; the calculated percentage of
the amount of the Performance Award payable at vesting will be rounded to the nearest 1.0%; and any fractional share resulting from the calculation shall be rounded up to the next whole share. 

	6.	Committee Certification. At its first regularly scheduled meeting (or, if later, at the first meeting held once the necessary EPS data has become available)
following the Performance Award Vesting Date (which meeting is anticipated to occur during the last 14 days of January 2014), the Committee (or any successor thereto) shall determine the extent to which the conditions for the vesting of the
Performance Award described in this Appendix (the “Performance Goals”) have been met and shall certify the portion of the Target Performance Award, if any, that has vested and is payable (“Committee Certification”).
Such Performance Goals will be considered to have been met only to the extent that the Committee certifies in writing (within the meaning of Treasury Regulations Section 1.162-27(e)(5)) that they have been met. The Committee Certification shall
certify as to the satisfaction of the performance goals set forth in this Exhibit and as to the satisfaction of all other material terms of the Performance Award (including, without limitation, the requirements of (a) remaining continuously
employed and/or a member of the Board and/or (b) attaining Rule of 65). The date the Committee makes such a written certification shall be deemed the “Committee Certification Date”). 

 

	7.	Performance Schedule:  

  

													
	 3 Year EPS CAGR*
	  	Percentage of
Target
Performance
Award To be
Issued1 **	 	 	3 Year
EPS CAGR*	 	 	Percentage of
Target
Performance
Award To be
Issued1 **	 
	 20.0%
	  	 	200	% 	 	 	17.4	% 	 	 	174	% 
	 19.9%
	  	 	199	% 	 	 	17.3	% 	 	 	173	% 
	 19.8%
	  	 	198	% 	 	 	17.2	% 	 	 	172	% 
	 19.7%
	  	 	197	% 	 	 	17.1	% 	 	 	171	% 
	 19.6%
	  	 	196	% 	 	 	17.0	% 	 	 	170	% 
	 19.5%
	  	 	195	% 	 	 	16.9	% 	 	 	169	% 
	 19.4%
	  	 	194	% 	 	 	16.8	% 	 	 	168	% 
	 19.3%
	  	 	193	% 	 	 	16.7	% 	 	 	167	% 
	 19.2%
	  	 	192	% 	 	 	16.6	% 	 	 	166	% 
	 19.1%
	  	 	191	% 	 	 	16.5	% 	 	 	165	% 
	 19.0%
	  	 	190	% 	 	 	16.4	% 	 	 	164	% 
	 18.9%
	  	 	189	% 	 	 	16.3	% 	 	 	163	% 
	 18.8%
	  	 	188	% 	 	 	16.2	% 	 	 	162	% 
	 18.7%
	  	 	187	% 	 	 	16.1	% 	 	 	161	% 
	 18.6%
	  	 	186	% 	 	 	16.0	% 	 	 	160	% 
	 18.5%
	  	 	185	% 	 	 	15.9	% 	 	 	159	% 
	 18.4%
	  	 	184	% 	 	 	15.8	% 	 	 	158	% 
	 18.3%
	  	 	183	% 	 	 	15.7	% 	 	 	157	% 
	 18.2%
	  	 	182	% 	 	 	15.6	% 	 	 	156	% 
	 18.1%
	  	 	181	% 	 	 	15.5	% 	 	 	155	% 
	 18.0%
	  	 	180	% 	 	 	15.4	% 	 	 	154	% 
	 17.9%
	  	 	179	% 	 	 	15.3	% 	 	 	153	% 
	 17.8%
	  	 	178	% 	 	 	15.2	% 	 	 	152	% 
	 17.7%
	  	 	177	% 	 	 	15.1	% 	 	 	151	% 
	 17.6%
	  	 	176	% 	 	 	15.0	% 	 	 	150	% 
	 17.5%
	  	 	175	% 	 	 	14.9	% 	 	 	149	% 
	 Continued on next page
	   

													
	 3 Year EPS CAGR*
	  	Percentage of
Target
Performance
Award To be
Issued1 **	 	 	3 Year
EPS CAGR*	 	 	Percentage of
Target
Performance
Award To be
Issued1 **	 
	 14.8%
	  	 	148	% 	 	 	11.1	% 	 	 	111	% 
	 14.7%
	  	 	147	% 	 	 	11.0	% 	 	 	110	% 
	 14.6%
	  	 	146	% 	 	 	10.9	% 	 	 	109	% 
	 14.5%
	  	 	145	% 	 	 	10.8	% 	 	 	108	% 
	 14.4%
	  	 	144	% 	 	 	10.7	% 	 	 	107	% 
	 14.3%
	  	 	143	% 	 	 	10.6	% 	 	 	106	% 
	 14.2%
	  	 	142	% 	 	 	10.5	% 	 	 	105	% 
	 14.1%
	  	 	141	% 	 	 	10.4	% 	 	 	104	% 
	 14.0%
	  	 	140	% 	 	 	10.3	% 	 	 	103	% 
	 13.9%
	  	 	139	% 	 	 	10.2	% 	 	 	102	% 
	 13.8%
	  	 	138	% 	 	 	10.1	% 	 	 	101	% 
	 13.7%
	  	 	137	% 	 	 	10.0	% 	 	 	100	% 
	 13.6%
	  	 	136	% 	 	 	9.9	% 	 	 	96	% 
	 13.5%
	  	 	135	% 	 	 	9.8	% 	 	 	92	% 
	 13.4%
	  	 	134	% 	 	 	9.7	% 	 	 	88	% 
	 13.3%
	  	 	133	% 	 	 	9.6	% 	 	 	85	% 
	 13.2%
	  	 	132	% 	 	 	9.5	% 	 	 	81	% 
	 13.1%
	  	 	131	% 	 	 	9.4	% 	 	 	77	% 
	 13.0%
	  	 	130	% 	 	 	9.3	% 	 	 	73	% 
	 12.9%
	  	 	129	% 	 	 	9.2	% 	 	 	69	% 
	 12.8%
	  	 	128	% 	 	 	9.1	% 	 	 	65	% 
	 12.7%
	  	 	127	% 	 	 	9.0	% 	 	 	62	% 
	 12.6%
	  	 	126	% 	 	 	8.9	% 	 	 	58	% 
	 12.5%
	  	 	125	% 	 	 	8.8	% 	 	 	54	% 
	 12.4%
	  	 	124	% 	 	 	8.7	% 	 	 	50	% 
	 12.3%
	  	 	123	% 	 	 	8.6	% 	 	 	46	% 
	 12.2%
	  	 	122	% 	 	 	8.5	% 	 	 	42	% 
	 12.1%
	  	 	121	% 	 	 	8.4	% 	 	 	38	% 
	 12.0%
	  	 	120	% 	 	 	8.3	% 	 	 	35	% 
	 11.9%
	  	 	119	% 	 	 	8.2	% 	 	 	31	% 
	 11.8%
	  	 	118	% 	 	 	8.1	% 	 	 	27	% 
	 11.7%
	  	 	117	% 	 	 	8.0	% 	 	 	23	% 
	 11.6%
	  	 	116	% 	 	 	7.9	% 	 	 	19	% 
	 11.5%
	  	 	115	% 	 	 	7.8	% 	 	 	15	% 
	 11.4%
	  	 	114	% 	 	 	7.7	% 	 	 	12	% 
	 11.3%
	  	 	113	% 	 	 	7.6	% 	 	 	8	% 
	 11.2%
	  	 	112	% 	 	 	7.5	% 	 	 	4	% 
		  				 	 
  
	7.49
 & below
	% 
   
	 	 	0	% 

  

	(1)	Reflects the % of Target Performance Award that may vest and be payable. 

	*	CAGR Percentage to be rounded to nearest 0.1% 

	**	Percentage of Performance Award to be issued rounded to the nearest 1% 

	8.	Examples: For purposes of these examples, assume Employee is granted a Target Performance Award of 325 RSUs: 

 

	 	a.	If the CAGR is 14.3%, Employee shall receive the number of shares equal to 143% of the number of RSUs granted as the Target Performance Award, rounded up to the next
whole share or 465 shares (325 * 143% = 464.75). 

  

	 	b.	If the CAGR is 11.1%, Employee shall receive the number of shares equal to 111% of the number of RSUs granted as the Target Performance Award rounded up to the next
whole share or 361 shares (325 * 111% = 360.75). 

  

	 	c.	If CAGR is 9.0%, Employee shall receive the number of shares equal to 62% of the number of RSUs granted as the Target Performance Award rounded up to the next whole
share or 202 shares (325 * 62% = 201.5). 

  

	 	d.	If CAGR is 7.49% or less, Employee shall not receive any portion of the Performance Award. 

 

	 	e.	If the CAGR is 20.0% or more, Employee shall receive the number of shares equal to 200% of the number of RSUs granted as the Target Performance Award rounded up to the
next whole share or 750 shares (325 * 200% = 750).

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