Document:

exv10w49

 

Exhibit 10.49

EMPLOYMENT AGREEMENT

     This Employment Agreement (the “Agreement”) is entered into as of the 1st day of April, 2006,
by and between Argosy Energy International, a Utah limited partnership (the “Partnership”), and
Edgar Louis Dyes, an individual with a residence address of 12698 E. State Hwy 21, Nacogdoches,
Texas 75691 (“Employee”).

INTRODUCTION

     A. Employee currently serves as an employee of the Partnership.

     B. The Partnership believes it is in the Partnership’s best interest to enter into this
Agreement, and Employee desires to be employed by the Partnership, pursuant to the terms and
conditions hereof.

     C. The Partnership and Employee acknowledge that Employee is a resident of Colombia, South
America.

     D. The Partnership’s business and employees are located exclusively in the country of
Colombia.

AGREEMENT

     NOW, THEREFORE, in consideration of the covenants and agreement set forth herein, and other
good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the
parties hereby agree as follows:

1. Employment Period. The term of Employee’s employment by the Partnership pursuant to
this Agreement shall commence on the date hereof and shall continue for a period of twenty four
(24) months from the date hereof (the “Employment Period”). On the second anniversary hereof, the
Employment Period shall automatically renew for successive three month periods, unless either party
hereto gives the other notice of non-renewal in writing at least 30 days prior to the expiration of
the then-current Employment Period.

2. Employment; Duties. Subject to the terms and conditions set forth herein, the
Partnership hereby employs Employee during the Employment Period, and Employee hereby accepts such
employment. The duties assigned and authority granted to Employee shall be as determined by the
Partnership’s General Partner (the “General Partner”) from time to time. Employee agrees to devote
his sufficient time and energy to his duties as an Employee, and to perform his duties for the
Partnership diligently, competently, and in a good faith manner.

     2.1 As part of Employee’s duties, Employee shall spend 15 days per month during the Employment
Period on the Partnership’s business as directed by the General Partner, at least 10 days of which
must be spent in Colombia (the “Base Service”).

 

 

     2.2 In connection with receipt of the Supplemental Salary (as defined below), the Partnership
may require Employee to spend an additional 5 days per month in Colombia on the Partnership’s
business during the Employment Period as directed by the General Partner (the “Supplemental
Service”).

3. Salary.

     3.1 Employee shall be entitled to receive a salary from the Partnership during the Employment
Period at the rate of US $9000.00 per month (“Base Salary”).

     3.2 If the Employee performs the Supplemental Service, the Partnership shall pay Employee an
additional supplemental salary payment of US $3,500 per month (the “Supplemental Salary”). The
Partnership will not be obligated to pay the Supplemental Salary for months in which the
Partnership has requested that Employee not perform such Supplemental Service.

     3.3 All salary payments are to be made in US Dollars by wire transfer to the employee’s
designated bank account.

4. Bonus. The Employee shall be eligible to receive an annual bonus payment in addition
to Base Salary and other compensation for each year of the Employees employment after 2005 (the
“Bonus”) as determined by Management from time to time. The Bonus, if any, shall be payable within
sixty (60) days of the end of the fiscal year, and will be based upon the Employee’s performance
during the preceding year.

5. Stock Options The Partnership will provide the Employee with the right to participate in
stock option plans and /or incentive award plans approved by the Board of Directors of Gran Tierra
Energy Inc..

6. Withholding. All payments made by the Partnership under this Agreement shall be net of
any tax or other amounts required to be withheld by the Partnership under applicable law.

7. Other Benefits. During the Employment Period, Employee shall receive the other benefits
listed on Exhibit A hereto.

8. Termination by the Partnership With Cause. Upon written notice to Employee, the
Partnership may terminate Employee’s employment without prior notice if any of the following events
shall occur:

     8.1 Employee’s continued and willful refusal or neglect to perform and discharge his material
duties and responsibilities; provided, however, that the Partnership has given Employee thirty (30)
days prior written notice of the specific duties and responsibilities not performed and Employee
has not cured such failure within such thirty (30) day period;

     8.2 Employee’s gross misconduct that is injurious to the Partnership or Employee’s ability to
perform his duties and responsibilities hereunder;

 

 

     8.3 Employee’s fraud, embezzlement or other acts of dishonesty with respect to the
Partnership;

     8.4 Employee’s conviction of, or entry of a plea of guilty or nolo contendere to, a felony or
a crime, which conviction or plea is likely to have a material adverse effect upon the Partnership
or upon Employee’s ability to perform his duties hereunder;

     8.5 Employee’s willful or prolonged absence from work (other than by reason of disability due
to physical or mental illness);

     8.6 Employee’s breach of his obligations under Section 11 or Section 12.

9. Termination by Employee; Termination by the Partnership Without Cause.

     9.1 Notice/Events.

          (a) Termination by Employee.

          (i) Employee may terminate his employment hereunder by providing written notice to the
Partnership at least 30 days prior to the effective date of such termination.

          (ii) If Employee terminates his employment under this Section 9.1(a) for any reason
other than disability or Good Reason, all payments and benefits hereunder (other than the
payment at the Partnership’s option set forth in Section 11.2) shall immediately cease and
terminate, except that Employee shall be entitled to Base Salary and Supplemental Salary
(if any) earned through the date of such termination but not yet paid.

          (b) Termination by the Partnership Without Cause. The Partnership may terminate
Employee’s employment at any time, with or without Cause by providing written notice to Employee.
As used in this Agreement, the term “without Cause” shall mean termination for any reason not
specified in Section 8 or Section 10 hereof.

     9.2 Employee’s Right-to-Terminate. Employee may terminate Employee’s employment for
Good Reason at any time during the term of this Agreement. For purposes of this Agreement, “Good
Reason” shall mean any of the following (without Employee’s express written consent):

          (a) a reduction by the Partnership in Employee’s Base Salary or Supplemental Salary; or

          (b) the taking of any action by the Partnership which would, directly or indirectly,
materially reduce Employee’s benefits listed on Exhibit A hereto, or the failure by the Partnership
to provide Employee with the number of paid vacation days to which Employee is entitled.

 

 

     9.3 Severance.

          (a) Termination Without Cause, for Good Reason or for Disability. If: (i) the
Partnership terminates Employee’s employment without Cause, (ii) Employee’s employment is
terminated pursuant to Section 10 as the result of Employee’s disability or
(iii) Employee terminates his employment pursuant to Section 9.2 hereof, then commencing on the
date of termination of employment, the Partnership shall provide Employee with a severance package
for a period equal to the amount of Base Salary plus Bonus received for the prior 12-month period
(or lesser period if applicable) prorated for the remainder of the Employment Period, and shall be
payable in a lump sum within thirty (30) days of termination.

          (b) General Release. As a condition precedent to receiving any severance payment,
Employee shall execute a general release of any and all claims which Employee or his heirs,
executors, agents or assigns might have against the Partnership, its subsidiaries, affiliates,
successors, assigns and its past, present and future employees, officers, directors, agents and
attorneys.

          (c) Termination for Cause. If the Partnership terminates Employee for Cause, Employee
shall not be entitled to and shall not receive the severance package described in Section 9.3(a).

10. Death or Disability. Except as otherwise required under applicable law, in the event
of Employee’s death or disability, the Employment Period will automatically terminate effective as
of the date of such death or disability. A determination of disability shall be made by a
physician satisfactory to both Employee and the Partnership, provided that if Employee and the
Partnership do not agree on a physician, Employee and the Partnership shall each select a physician
and these two physicians together shall select a third physician, whose determination as to
disability shall be binding on all parties.

11. Non-Competition; Non-Solicitation.

     11.1 For the duration of the Employment Period and the 3 month period after Employee’s
employment hereunder is terminated for any reason (the “Non-compete Period”), Employee shall not,
except as part of Employee’s duties hereunder:

          (a) engage in the oil and gas exploration business in the country of Colombia; or

          (b) have any interest in, own, manage, operate, control, or join or participate in the
ownership, management, operation or control of, or provide consulting services to or otherwise
advise or assist, enable (whether by license, sublicense, assignment or otherwise), or furnish any
capital to or be connected in any manner with, either as a stockholder (other than as a passive
stockholder of less than one percent of the issued and outstanding stock of a publicly held
corporation), joint venturer, proprietor, officer, director, agent, lender, representative,
partner, trustee, affiliate, employee or consultant, or otherwise engage or invest or participate
in any business that engages in the oil and gas exploration business in the country of Colombia or

 

 

otherwise competes directly with the business of the Partnership (the “Business”), whether
conducted by the Partnership, any affiliate of the Partnership or any of their successors in any of
the Territories; or

          (c) accept any business in Colombia relating to the Business from any material customer,
supplier or contractor of the Partnership or any of its affiliates, or solicit or encourage any
such person to terminate or adversely alter in any material respect any
relationship such person may have with the Partnership, any of its affiliates or any of their
successors; or

          (d) market, endorse or promote any products that are competitive with the Partnership or its
Business.

     11.2 If Employee terminates his employment hereunder pursuant to Section 9.1(a) during the
initial two year Employment Period for any reason other than disability or Good Reason, the
Partnership may, at its option upon notice in writing to Employee within 14 days after receipt of
Employee’s notice of such termination, make the Non-compete Period equal to the remainder of the
Employment Period. If the Partnership exercises its option in this Section 11.2, the Partnership
shall accompany its written notice thereof with payment in cash in an amount equal to one-half of
the amount of Base Salary plus Bonus received for the prior 12 month period (or lesser period if
applicable) prorated for the remainder of the Employment Period, and shall be payable in a lump sum
within thirty (30) days of termination.

     11.3 For the duration of the Employment Period and the 12 month period after Employee’s
employment hereunder is terminated for any reason (the “Non-solicit Period”), Employee shall not,
except as part of Employee’s duties hereunder, solicit or hire any existing or future employee of
the Partnership, its affiliates, any of their respective successors or the Business, or induce or
attempt to induce any such person to terminate any relationship such person may have with the
Partnership, its affiliates, any of their respective successors of the Business.

     11.4 Employee recognizes and agrees that because a violation by him of his obligations under
this Section 11 will cause irreparable harm to the Partnership that would be difficult to quantify
and for which money damages would be inadequate, the Partnership shall have the right to injunctive
relief to prevent or restrain any such violation, without the necessity of posting a bond. The
Non-compete Period and/or the Non-solicit Period, as applicable, will be extended by the duration
of any violation by Employee of any of his obligations under this Section 11.

     11.5 Employee expressly agrees that the character, duration and scope of this covenant not to
compete are reasonable in light of the circumstances as they exist at the date upon which this
Agreement has been executed. However, should a determination nonetheless be made by a court of
competent jurisdiction at a later date that the character, duration or geographical scope of this
covenant not to compete is unreasonable in light of the circumstances as they then exist, then it
is the intention of both Employee and the Partnership that this covenant not to compete shall be
construed by the court in such a manner as to impose only those restrictions on the conduct of
Employee which are reasonable in light of the circumstances as they then exist and necessary to
assure the Partnership of the intended benefit of this covenant to compete.

 

 

     11.6 Employee acknowledges that contemporaneously with entering into this Agreement, Employee
has entered into a Change in Control Agreement with Crosby Capital, LLC, an affiliate of the
General Partner as of the date of this Agreement, and that part of the consideration for Mr. Dyes
receiving the benefits set forth in such Change in Control
Agreement was Mr. Dyes agreeing to enter into this Agreement, and specifically these covenants
not to compete and not to solicit.

12. Confidentiality Covenants.

     12.1 Employee understands that the Partnership, from time to time, may impart to him
confidential business information, whether such information is written, oral or graphic, including
but not limited to, financial plans and records, marketing plans, business strategies and
relationships with third parties, present and proposed products, trade secrets, information
regarding customers and suppliers, strategic planning and systems, and contractual terms
(collectively “Confidential Information”). Employee hereby acknowledges Partnership’s exclusive
ownership of such Confidential Information.

     12.2 Employee agrees as follows: (1) only to use the Confidential Information to provide
services to Partnership; (2) only to communicate the Confidential Information to fellow employees,
agents and representatives on a need-to-know basis; and (3) not to otherwise disclose or use any
Confidential Information. Upon demand by Partnership or upon termination of Employee’s employment,
Employee will deliver to Partnership all manuals, photographs, recordings, and any other instrument
or device by which, through which, or on which Confidential Information has been recorded and/or
preserved, which are in my Employee’s possession, custody or control.

13. Arbitration. Any controversy or claim arising out of this Agreement, or the breach
thereof, shall be settled by arbitration administered by the American Arbitration Association under
its National Rules for the Resolution of Employment Disputes, and judgment upon the award rendered
by the arbitrators may be entered by any court having jurisdiction thereof. There shall be three
arbitrators, two of whom shall be appointed by the respective parties and the third appointed by
agreement of the first two arbitrators or, failing agreement, by the American Arbitration
Association in Houston, Texas. The arbitration shall be held in Houston, Texas, and the
arbitrators shall apply the substantive law of the State of Texas, except that the interpretation
and enforcement of this arbitration provision shall be governed by the United States Arbitration
Act. Disputes about arbitration procedure shall be resolved by the arbitrators or failing
agreement, by the American Arbitration Association in Houston, Texas. The award of the arbitrators
shall be the sole and exclusive remedy of the parties and shall be enforceable in any court of
competent jurisdiction, subject only to revocation on grounds of fraud or clear bias on the part of
the arbitrators. The prevailing party shall be entitled to an award of reasonable attorney’s fees.
Notwithstanding the foregoing, the parties shall be entitled to seek injunctive relief, security
or other equitable remedies from the United States District Court for the Southern District of
Texas or any other court of competent jurisdiction in furtherance of the arbitration proceedings.

 

 

14. Governing Law/Jurisdiction. This Agreement shall be governed by and interpreted and
governed in accordance with the laws of the State of Texas. The parties agree that this Agreement
was made and entered into in the State of Texas and, subject to Section 13, each party hereby
consents to the jurisdiction of any competent federal or state court within the State of Texas to
hear any dispute arising out of this Agreement.

15. Entire Agreement. This Agreement constitutes the entire agreement between the parties
hereto with respect to the subject matter hereof and thereof and supersedes and
cancels any and all previous agreements, written and oral, regarding the subject matter hereof
between the parties hereto. This Agreement shall not be changed, altered, modified or amended,
except by a written agreement signed by both parties hereto.

16. Notices. All notices, requests, demands and other communications required or permitted
to be given or made under this Agreement shall be in writing and shall be deemed to have been given
if delivered by hand, sent by generally recognized overnight courier service, telex or telecopy, or
certified mail, return receipt requested.

     16.1 to the Partnership at:

Argosy Energy International

712 Main Street, Suite 1700

Houston, TX 77002

Attention: Jay A. Chaffee

     15.2 to Employee at:

Edgar Louis Dyes

12698 E. State Hwy 21

Nacogdoches, TX 75961

Any such notice or other communication will be considered to have been given (i) on the date of
delivery in person, (ii) on the third day after mailing by certified mail, provided that receipt of
delivery is confirmed in writing, (iii) on the first business day following delivery to a
commercial overnight courier or (iv) on the date of facsimile transmission (telecopy) provided that
the giver of the notice obtains telephone confirmation of receipt.

Either party may, by notice given to the other party in accordance with this Section, designate
another address or person for receipt of notices hereunder.

17. Severability. If any term or provision of this Agreement, or the application thereof
to any person or under any circumstance, shall to any extent be invalid or unenforceable, the
remainder of this Agreement, or the application of such terms to the persons or under circumstances
other than those as to which it is invalid or unenforceable, shall be considered severable and
shall not be affected thereby, and each term of this Agreement shall be valid and enforceable to
the fullest extent permitted by law. The invalid or unenforceable provisions shall, to the extent
permitted

 

 

by law, be deemed amended and given such interpretation as to achieve the economic intent
of this Agreement.

18. Waiver. The failure of any party to insist in any one instance or more upon strict
performance of any of the terms and conditions hereof, or to exercise any right or privilege herein
conferred, shall not be construed as a waiver of such terms, conditions, rights or privileges, but
same shall continue to remain in full force and effect. Any waiver by any party of any violation
of, breach of or default under any provision of this Agreement by the other party shall not be
construed as, or constitute, a continuing waiver of such provision, or waiver of any other
violation of, breach of or default under any other provision of this Agreement.

19 Successors and Assigns. This Agreement shall be binding upon the Partnership and any
successors and assigns of the Partnership. The Partnership may assign this Agreement to any of its
successors or affiliates without the consent of Employee. Employee shall not assign this Agreement
without the prior written consent of the Partnership, which may be withheld in the Partnership’s
sole discretion.

[SIGNATURES ON NEXT PAGE]

 

 

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

	 	 	 	 	 	 	 	 	 
	 	 	ARGOSY ENERGY INTERNATIONAL	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	By:	 	ARGOSY ENERGY CORP.	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:
	 	/s/ Jay A. Chaffee
 

Jay A. Chaffee
	 	 
	 

	 	 	 	 	 	President	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	EMPLOYEE:	 	 
	 
	 	 	 	 	 	 	 	 
	 	 	/s/ Edgar Louis Dyes	 	 
	 	 	 	 	 
	 	 	Edgar Louis Dyes	 	 

 

 

EXHIBIT A

Employee’s Benefits

	1.	 	Employee will be entitled to those benefits that are currently in place for
Partnership employees in Colombia as set out in the Partnership’s booklets and manuals
plus reasonable health and life insurance in the United States for the Employee and his
dependents and/or reimbursement for such health and life insurance.

	2.	 	Employee will be entitled to one month of paid vacation each year during the term of
this Agreement, the time of such vacation to be determined by mutual agreement between the
Partnership and the Employee.

	3.	 	Employee will be based in Bogotá Colombia and will be allowed to travel, at
Partnership’s expense, to the United States as often as reasonably necessary to attend
personal business, subject to the Colombia residence requirements set forth herein.

	4.	 	Partnership will provide reasonable housing, auto, club and living expenses to
Employee while performing his duties in Colombia, in a manner consistent with such
benefits as they were provided to Employee in the first calendar quarter of 2006.exv10w1

 

EXHIBIT 10.1

CASH AMERICA INTERNATIONAL, INC.

RESTRICTED STOCK UNIT AWARD AGREEMENT

     This Restricted Stock Unit Award Agreement (the “Agreement”) is entered into as of the
24th day of January, 2007, 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 Long-Term Incentive
Plan (the “Plan”) which is administered by the Management Development and Compensation
Committee of the Company’s Board of Directors (the “Committee”); and

     WHEREAS, the Committee has granted to Employee a Restricted Stock Unit Award under the terms
of the Plan (known under the Plan as a “Stock Unit Award”) to encourage Employee’s
continued loyalty and diligence (the “Award”); and

     WHEREAS, the Award may qualify as deferred compensation under, and for purposes of, Section
409A of the Internal Revenue Code of 1986, as amended (the “Code”); and

     WHEREAS, pending the issuance of final regulations, deferred compensation arrangements are
required to comply with a good faith interpretation of Code Section 409A, and any such
interpretation will be influenced by the temporary and proposed guidance issued by the Internal
Revenue Service; and

     WHEREAS, to comply with the terms of the Plan and Code Section 409A, and to further the
interests of the Company and Employee, the parties hereto desire to set forth the terms of the
Award in the 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. Stock Award.

          (a) General. Subject to the restrictions and other conditions set forth herein, the
Company hereby grants to Employee an award of                      Restricted Stock Units (“RSUs”). The
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.

          (b) Grant Date. The RSUs were awarded to Employee on January 24, 2007 (the “Grant
Date”).

     2. Vesting.

          One-fourth (1/4th) of the RSUs shall vest on each of the following dates: January
31, 2008; January 31, 2009; January 31, 2010 and January 31, 2011. Any RSUs that have not vested
shall remain subject to forfeiture under Section 3.

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     3. Forfeiture Upon Termination of Employment.

          Upon Employee’s termination of employment by the Company and all of its subsidiaries and
affiliates for any reason (including death), any RSUs that are not then vested under Section 2
shall be immediately forfeited, and Employee shall have no rights in such RSUs.

     4. Delivery of Common Stock.

          (a) General. Except as provided in subsection (b) below, (1) as each quarter of the
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
within a reasonable time after the vesting date of such quarter of the Award, but (2) in no event
will the Common Stock relating to any quarter of the Award be transferred to Employee more than 2 1/2
months after the end of the year in which the vesting date for such quarter of the Award occurs.
The Company shall not be required to deliver any fractional shares of Common Stock under the Award,
and any fractional share shall be rounded up to the next whole share.

          (b) Deferred Delivery. Employee may elect to defer the timing of the payment of the
shares of Common Stock evidencing vested RSUs until (1) the date Employee has a separation from
service (within the meaning of Code §409A) (“Separation from Service”) or (2) the earlier of
Employee’s Separation from Service and January 31, 2011. For RSUs vesting on January 31, 2008,
such election must be made no later than July 31, 2007. For RSUs vesting on January 31, 2009 and
later, such election must be made no later than December 31, 2007. If Employee is a specified
employee (within the meaning of Code §409A, and including “key employees,” as defined by Code
§416(i)) at the time Employee has a Separation from Service, the shares of Common Stock
transferable as a result of Employee’s Separation from Service shall not be issued before the date
that is six months after Employee’s Separation from Service or such earlier time as may be
permitted under Code Section 409A. Notwithstanding the foregoing, in the event of
Employee’s death, the shares of Common Stock relating to any and all vested RSUs will be issued as
soon as practicable after Employee’s death in the name of Employee’s designated beneficiary.

     5. Change in Control.

          (a) Vesting and Payment. In the event of a Change in Control (as defined below), the
Award shall automatically accelerate and become 100% vested, and the shares of Common Stock
evidencing vested RSUs shall be delivered to Employee as soon as administratively practicable
following the Change in Control. A “Change in Control” shall occur when:

     (1) any person or more than one person acting as a group (as such terms are
used under Code Section 409A; “Person”) directly or indirectly acquire securities of
the Company representing either (i) more than 50% of the combined voting power of
the Company’s then outstanding securities, or (ii) 35% or more of the combined
voting power of the Company’s then outstanding securities during a 12-month period;

     (2) a Person acquires more than 50% of the total fair market value of all
classes of stock of the Company then outstanding;

     (3) a majority of the members of the Board of Directors of the Company
(“Members”) are replaced by appointment or election during any 12-month
period without the endorsement of a majority of the Members prior to such
appointments or elections; or

     (4) a Person or Persons not affiliated with the Company acquires, in one
transaction or in a series of related transactions during a 12-month period either
(i) assets

2

 

from the Company with an aggregate gross fair market value exceeding 50% of the
total gross fair market value of all of the assets of the Company, or (ii) assets
with an aggregate gross fair market value exceeding 50% of the total gross fair
market value of the assets of the Company and all of its subsidiaries, considered as
a whole; provided that, the transfer or distribution of assets to
shareholders of the Company in exchange for or with respect to Common Stock shall
not be a Change in Control.

          (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 Section 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, by withholding from
Employee’s normal pay or short term incentive pay (if any), or by delivery of shares of Common
Stock (including shares issuable under this Agreement) in accordance with Section 14(a) of the Plan
and the terms of Code Section 409A.

     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 through any recapitalization resulting in a
stock split-up, combination or exchange of shares of Common Stock, then the number of outstanding
RSUs shall be adjusted so that the proportion of the Company’s issued and outstanding shares of
Common stock issuable under this award shall remain the same.

          (b) Except as provided in subsection (a), above, 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 therefore, or upon conversion of shares or obligations of the Company
convertible into such shares or other securities.

          (c) Upon the occurrence of events affecting Common Stock other than those specified in
subsections (a) and (b), above, the Committee may make such other adjustments to awards as are
permitted under Section 5(c) of the Plan.

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     9. 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.

     10. 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 designated beneficiary shall
have any of the rights of a shareholder with respect to any shares of Common Stock until such
shares have been delivered and issued to Employee or Employee’s designated beneficiary pursuant to
Section 4.

          (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 contains 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 Section 409A of the Internal Revenue Code.
Notwithstanding the foregoing, if any provision of this Agreement would cause compensation to
be includible in Employee’s income pursuant to Section 409A(a)(1) of the Code, 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
the 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.

4

 

     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:
	 	/s/ Daniel R. Feehan	 	 
	 

	 	 	 	 	 	 
	 

	 	 	 	Daniel R. Feehan	 	 
	 

	 	 	 	Chief Executive Officer and President	 	 
	 
	 	 	 	 	 	 
	 	 	EMPLOYEE	 	 
	 
	 	 	 	 	 	 
	 	 	[                    ]	 	 

5

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