Document:

Exhibit 10.1

                                                             August 25, 2005
Mr. Maurice Boukelif
15113 Chestnut Ridge Circle
Louisville, KY  40245

Dear Mo:

The purpose of this letter is to confirm our mutual understanding regarding your
termination and Consulting Agreement, specifically:

Your termination date as a CompuDyne employee will be September 9, 2005, with
vacation after August 31st; this termination date incorporates all vacation due
you.

Retention Plan: You will remain covered by the terms of the "Retention Plan for
Selected Employees" for three months beyond your termination date of September
9, 2005 in case there is a Change of Control (as defined) during that period.

Severance:  None.

Stock Options: The company will cancel your current 75,000 qualified stock
options granted at $10.46 per share (vested or unvested) and will issue 30,000
non-qualified options with an identical exercise price of $10.46 per share.
These new options will be fully vested on your termination date and will expire
in one year if not exercised before then.

Benefits: All benefits will terminate as provided for in the employee handbook
except that CompuDyne will reimburse you for your COBRA costs to extend your
health insurance for the term of the Consulting Agreement.

Consulting Agreement: We will engage you as an Independent Contractor for a
period of one year commencing on September 12, 2005 at the rate of $4,800 per
month, paid monthly in arrears. This includes access to your services for up to
four days per month, at our request, with regard to your availability. CompuDyne
will reimburse you for any reasonable related out of pocket expenses. We do
intend to call on you for these services, with an emphasis on Six Sigma and Lean
Manufacturing implementation assistance and assistance with the "strategic
alternatives" process.

This consulting agreement is non-cancelable other than for non-performance by
the Independent Contractor.

We will be happy to provide positive work references.

Sincerely,                                       Acknowledged:

----------------------------                     ------------------------------
Martin Roenigk, Chairman & CEO                   Maurice BoukelifExhibit 10.14.1

                                                                  EXECUTION COPY

                     FIRST AMENDMENT TO SERVICING AGREEMENT

         This FIRST AMENDMENT (this "Amendment"), dated as of June 24, 2005, is
among CONN FUNDING II, L.P., a special purpose limited partnership established
under the laws of Texas, as issuer (the "Issuer"), CAI, L.P., a Texas limited
partnership, as servicer (the "Servicer"), and WELLS FARGO BANK, NATIONAL
ASSOCIATION (successor by merger to Wells Fargo Bank Minnesota, National
Association), a banking association organized and existing under the laws of the
United States of America, as trustee under the Indenture (the "Trustee").

                                    RECITALS

     1.  Issuer,  Servicer,  and  Trustee  are  the  parties  to  the  Servicing
Agreement, dated as of September 1, 2002 (as amended,  supplemented or otherwise
modified  through the date  hereof,  the  "Agreement").  Capitalized  terms used
herein  but not  defined  herein  shall  have  the  meanings  set  forth  in the
Agreement.

     2.  Issuer,  Servicer,  and  Trustee  desire  to  amend  the  Agreement  as
hereinafter set forth.

     3. Pursuant to Section  7.01(b) of the Agreement,  this Amendment  requires
the consent of the Required Persons of each outstanding Series.

     4. Pursuant to Section 7.3 of the Series  2002-A Note  Purchase  Agreement,
the Rating Agency Condition has been satisfied.

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which are hereby acknowledged, the parties agree as follows:

SECTION 1.        Amendments to the Agreement.

         SECTION 1.1.         Section  2.02(e)(i) of the  Agreement is hereby
amended and restated in its entirety as follows:

                           (e) (i) On or before 120 days after the end of each
                  January 31 and on or before 90 days after the end of each July
                  31, the Servicer shall cause a firm of nationally recognized
                  independent public accountants (as used in this subsection
                  2.02(e), the "accountants") (who may also render other
                  services to the Servicer, the Issuer or any Affiliates of the
                  foregoing) to perform certain agreed upon procedures set forth
                  in Exhibit D attached hereto, as they relate to the Servicer's
                  internal accounting control procedures and processing
                  functions relating to the Servicer's credit policies and
                  originations, collections, aging and charge-off functions
                  which are based on a statistically significant sample of
                  Receivables and include one Monthly Servicer Report (such
                  Monthly Servicer Report to be in a format similar to Exhibit
                  A-1 attached hereto). The Servicer shall cause the accountants
                  to furnish a report to the Issuer, Trustee, Enhancement
                  Providers and Notice Person (so long as each such Notice
                  Person is either an addressee on the report or has signed an
                  access agreement in a form acceptable to the accountants
                  permitting access to such report) describing the procedures
                  performed and their related findings in a format similar to
                  Exhibit D attached hereto.

<PAGE>

         SECTION 1.2 Exhibit D to the Agreement is hereby amended and restated
in its entirety as attached hereto.

         SECTION 2. Conditions to Effectiveness. This Amendment shall become
effective as of the date hereof upon the execution and delivery to the Trustee
of this Amendment by each of the parties hereto and all of the consenting
Noteholders (whether by facsimile or otherwise).

         SECTION 3. Representations and Warranties. Each of the Issuer and
Servicer represents and warrants as of the effectiveness of this Amendment that:

         (a) no event or condition has occurred and is continuing which would
constitute a Servicer Default or would constitute a Servicer Default but for the
requirement that notice be given or time elapsed or both, and

         (b) after giving effect to this Amendment, its representations and
warranties set forth in the Agreement and the other Transaction Documents to
which it is a party are true and correct as of the date hereof, as though made
on and as of such date (except to the extent such representations and warranties
relate solely to an earlier date and then as of such earlier date), and such
representations and warranties shall continue to be true and correct (to such
extent) after giving effect to the transactions contemplated hereby.

         SECTION 4. Effect of Amendment; Ratification. Except as specifically
amended hereby, the Agreement is hereby ratified and confirmed in all respects,
and all of its provisions shall remain in full force and effect. After this
Amendment becomes effective, all references in the Agreement (or in any other
Transaction Document) to "the Servicing Agreement", "this Agreement", "hereof",
"herein", or words of similar effect, in each case referring to the Agreement,
shall be deemed to be references to the Agreement as amended hereby. This
Amendment shall not be deemed to expressly or impliedly waive, amend, or
supplement any provision of the Agreement other than as specifically set forth
herein.

         SECTION 5. Counterparts. This Amendment may be executed in any number
of counterparts and by different parties on separate counterparts, and each
counterpart shall be deemed to be an original, and all such counterparts shall
together constitute but one and the same instrument.

         SECTION 6. Governing Law. This Amendment shall be governed by, and
construed in accordance with, the internal laws of the State of New York without
regard to any otherwise applicable conflict of laws principles (other than
Section 5-1401 of The New York General Obligations Law).

         SECTION 7. Successors and Assigns. This Amendment shall be binding upon
and shall inure to the benefit of the parties hereto and their respective
successors and assigns.

                                       2
<PAGE>

         SECTION 8. Section Headings. The various headings of this Amendment are
inserted for convenience only and shall not affect the meaning or interpretation
of this Amendment or the Agreement or any provision hereof or thereof.

         [REMAINDER OF PAGE INTENTIONALLY BLANK; SIGNATURE PAGES FOLLOW]

                                       3
<PAGE>

         IN WITNESS WHEREOF, the parties have executed this Amendment as of the
date first written above.

                            CONN FUNDING II, L.P.,
                            as Issuer

                            By:      Conn Funding II GP, L.L.C.,
                                     its general partner

                            By:/s/ David R. Atnip
                               -------------------------------------------------
                            Name: David R. Atnip
                            Title: Treasurer

                                 S-1       CONN Servicing Agreement Amendment #1

<PAGE>

                                   CAI, L.P.,
                                   as Servicer

                                   By:      Conn Appliances, Inc.,
                                            its general partner

                                   By:/s/ David R. Atnip
                                      ------------------------------------------
                                   Name:  David R. Atnip
                                   Title: Treasurer

                                  S-2      CONN Servicing Agreement Amendment #1

<PAGE>

                                 WELLS FARGO BANK, NATIONAL ASSOCIATION,
                                 not in its individual capacity, but solely
                                 as Trustee

                                 By:/s/ Kristi L. Puttin
                                    --------------------------------------------
                                 Name: Kristen L. Puttin
                                 Title: Corporate Trust Officer

                                 S-3       CONN Servicing Agreement Amendment #1

<PAGE>

                                 ACCEPTED AND AGREED:

                                 THREE PILLARS FUNDING LLC, as a Series
                                 2002-A Noteholder

                                 By:/s/ Doris J. Hearn
                                    --------------------------------------------
                                 Title: Vice President

                                 S-4       CONN Servicing Agreement Amendment #1

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