FIRST INVESTORS FINANCIAL SERVICES GROUP INC
EXHIBIT 10.109
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<DESCRIPTION>EXHIBIT 10.109
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<P ALIGN="CENTER"><FONT SIZE=2><A
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<BR></FONT><FONT SIZE=2><B>EXHIBIT 10.109    <BR>  </B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>FIRST INVESTORS FINANCIAL SERVICES GROUP,&nbsp;INC.</B></FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2><B>2002 NON-EMPLOYEE DIRECTOR STOCK OPTION PLAN  </B></FONT></P>

<P><FONT SIZE=2><B>1.&nbsp;&nbsp;&nbsp;&nbsp;Purpose of Plan  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
2002 Non-Employee Director Stock Option Plan (the "Plan") is intended to promote the interests of First Investors Financial Services Group,&nbsp;Inc., a Texas
corporation (the "Company"), and its Affiliates (as defined below) and stockholders by attracting and retaining qualified non-employee directors by giving them the opportunity to acquire a
proprietary interest in the Company and an increased personal interest in its continued success and progress. The rights to purchase shares of Common Stock (defined below) of the Company ("Options";
which term includes all options granted pursuant to this Plan, including the "Initial Option Grant", the "Automatic Option Grant", "Discretionary Options" and "Replacement Options", each as defined
below) granted under the Plan shall not be qualified as "incentive stock options" within the meaning of Section&nbsp;422 of the Internal Revenue Code of 1986, as amended ("Code"). As used in this
Plan, the term "Affiliates" means any parent of the Company and any subsidiary of the Company within the meaning of Rule&nbsp;12b-2 under the Securities Exchange Act of 1934, as amended. </FONT></P>

<P><FONT SIZE=2><B>2.&nbsp;&nbsp;&nbsp;&nbsp;Administration of the Plan  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
Board of Directors shall administer this Plan (the "Board"). The Board shall have full power and authority to determine the terms and provisions of respective option
agreements (which need not be identical) and to interpret the provisions and supervise the administration of this Plan. All decisions and selections made by the Board pursuant to the provisions of
this Plan shall be made by a majority of its members that are not participants in this Plan. Any decision reduced to writing and signed by all of the members shall be fully effective as if it had been
made by such a majority at a meeting duly held. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;The
Board may provide that any Option granted under this Plan shall be subject to, and may not be exercised before, the approval of this Plan at an annual or special
meeting of the shareholders of the Company, by the affirmative vote of the holders of a majority of the outstanding shares of the Company present, or represented by proxy, and entitled to vote
thereat. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;Subject
to the express provisions of this Plan, the Board shall have full authority to interpret the Plan, to prescribe, amend and rescind rules and regulations relating
to it, to determine the details and provisions of each option agreement evidencing an Option, and to make all other determinations necessary or advisable in the administration of the Plan including,
without limitation, the amending or altering of any Options granted hereunder as may be required to comply with any applicable federal or state laws or regulations or the rules of any exchange or
automated quotation system upon which the Company's Common Stock may be admitted to listing or traded from time to time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;No
member of the Board shall be liable to any person for any determination or other act or omission made in good faith with respect to the Plan or any Option. All
immunities and rights of indemnity available to members of the Board, pursuant to the Articles of Incorporation of the Company or otherwise, shall apply to any act or omission relating to the Plan or
any Option. </FONT></P>

<P><FONT SIZE=2><B>3.&nbsp;&nbsp;&nbsp;&nbsp;Designation of Participants  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
persons eligible for participation in this Plan are non-employee directors of the Company and its Affiliates ("Optionees"). </FONT></P>

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<P><FONT SIZE=2><B>4.&nbsp;&nbsp;&nbsp;&nbsp;Stock Reserved  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Subject
to adjustment as provided in Paragraph&nbsp;10, a total of 500,000 shares of Common Stock, par value $.001 per share, of the Company ("Common Stock") shall be subject to this
Plan. The shares of Common Stock subject to this Plan shall consist of unissued shares or previously issued shares reacquired and held by the Company or its Affiliates, and such number of shares shall
be and is hereby reserved for sale for such purpose. Any of such shares which way remain unsold and which are not subject to outstanding Options at the expiration of this Plan shall cease to be
reserved for the purpose of this Plan, but until termination of this Plan and the expiration, exercise or lapse of all Options granted hereunder, the Company shall at all times reserve a sufficient
number of shares to meet the requirements of this Plan. Should any Option expire or be canceled prior to its exercise or relinquishment in full, the shares theretofore subject to such Option may again
be subject to an Option under this Plan, except that shares purchased pursuant to any Option or the portion thereof relinquished and not issued upon such relinquishment shall not again be available
for Options under this Plan. </FONT></P>

<P><FONT SIZE=2><B>5.&nbsp;&nbsp;&nbsp;&nbsp;Automatic and Discretionary Option Grants; Replacement Option Grants  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Optionee shall automatically be granted under the Plan an Option to purchase 20,000 shares of Common Stock ("Initial Option Grant") upon the approval of this Plan by the Company's
stockholders at the first annual meeting following the adoption hereof. Each Optionee shall, provided there are then sufficient shares of Common Stock available for grant hereunder, automatically be
granted a further Option to purchase 20,000 shares of Common Stock ("Automatic Option Grant") on the first July&nbsp;15<SUP>th</SUP> (the "Automatic Grant Date") following his or her election as
a director and on each subsequent July&nbsp;15<SUP>th</SUP> thereafter so long as he or she has served as a director of the Company during the preceding fiscal year and continues to serve as a
director as of the Automatic Grant Date. The Initial Option Grant
and each Automatic Option Grant shall vest in equal installments on each of first three anniversaries of the Automatic Grant Date. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board may also grant Options ("Discretionary Options") under the Plan to Optionees based upon the annual financial performance of the Company. The Board shall determine the financial
performance criteria to be utilized, the methods employed to measure such performance, the number of shares underlying any grants that shall be made, the vesting schedule thereof, and all other terms
of such Options. If earned, Discretionary Options will be made on the July&nbsp;15<SUP>th</SUP> first following the fiscal year in which earned. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;For
convenience of administration, the Board may also issue under this Plan options to purchase Common Stock that replace options to purchase Common Stock issued to persons prior to the
adoption of this Plan ("Replacement Options"); provided, that the persons receiving any such Replacement Options are qualified to participate herein. In issuing any Replacement Options, the Board
shall have the same power and authority to establish its terms as in the case of Discretionary Options. </FONT></P>


<P><FONT SIZE=2><B>6.&nbsp;&nbsp;&nbsp;&nbsp;Option Price  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
purchase price of each share of Common Stock subject to an Option granted under this Plan shall not be less than the fair market value of such share on the date the
Option is granted. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;The
fair market value of a share of Common Stock on a particular date shall be deemed to be the average of the reported "high" and "low" sales prices for such shares as
reported by NASDAQ, the National Quotation Bureau Incorporated, or another reputable reporting source selected by the Board (corrected for obvious typographical errors), or if such shares are not so
reported, then the average of </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>2</FONT></P>

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<P><FONT SIZE=2>
the reported "high" and "low" sales prices on the largest national securities exchange (based on the aggregate dollar value of securities listed) on which such shares are listed or traded, or if such
shares are not listed or traded on any national securities exchange, then the average closing bid and asked prices reported by the National Quotation Bureau Incorporated, or, in all other cases, the
value established by the Board in good faith. </FONT></P>

<P><FONT SIZE=2><B>7.&nbsp;&nbsp;&nbsp;&nbsp;Option Period  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each
Option granted under this Plan shall terminate and be of no force and effect with respect to any shares not previously taken up by the Optionee upon the expiration of ten years from
the date of granting of such Option or such earlier date as the Board, in its sole discretion, may prescribe at the date of grant. </FONT></P>

<P><FONT SIZE=2><B>8.&nbsp;&nbsp;&nbsp;&nbsp;Exercise of Options; Disposition of Common Stock  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
Board, in granting Options hereunder, shall have discretion to determine the terms upon which such Options shall be exercisable, subject to the applicable provisions
of this Plan. The Board may determine to permit any Option granted hereunder to be exercisable in whole at any time or in specified installments from time to time. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;Options
may not be transferred and shall be exercised solely by the Optionee during his lifetime or after his death by the person or persons entitled thereto under the
Optionee's will or the laws of descent and distribution. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;The
purchase price of the shares as to which an Option is exercised shall be paid in full at the time of the exercise. Such purchase price shall be payable in cash or at
the option of the holder of such Option, with the consent of the Board, in Common Stock theretofore owned by such holder (or any combination of cash and Common Stock). For purposes of determining the
amount, if any, of the purchase price satisfied by payment of Common Stock, such Common Stock shall be valued at its fair market value on the date of exercise in accordance with Paragraph&nbsp;6(b).
Any Common Stock delivered in satisfaction of all or a portion of the purchase price shall be appropriately endorsed for transfer and assigned to the Company. The Board may, in its discretion and to
the extent permitted by the laws of the State of Texas, determine to permit the holder of an Option to satisfy the purchase price of the shares as to which an Option is exercised by delivery of the
Option holder's promissory note, such note to be subject to such terms and conditions as the Board may determine. The Board may, in its discretion and to the extent permitted by the laws of the State
of Texas, determine to cause the Company to lend to the holder of an Option funds, on such terms and conditions as the Company may determine to be appropriate, sufficient for the holder of an Option
to pay the purchase price of the shares as to which such Option is to be exercised. No holder of an Option shall be, or have any of the rights or privileges of, a shareholder of the Company in respect
of any shares purchasable upon the exercise of any part of an Option unless and until certificates representing such shares shall have been issued by the Company to such holder. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;Unless
waived by the Board, which it may give or withhold in its sole discretion and without liability, the holder of any Option shall not make any disposition of any
share or shares of Common Stock issued to him pursuant to his exercise of an Option granted under this Plan within six months follow the grant of such Option, except by will or the laws of descent and
distribution. </FONT></P>

<P><FONT SIZE=2><B>9.&nbsp;&nbsp;&nbsp;&nbsp;Relinquishment of Options; Assignment  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
Board, in granting Options hereunder, shall have discretion to determine whether or not Options shall include a right of relinquishment as hereinafter provided by
this Paragraph&nbsp;9. The Board </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>3</FONT></P>

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shall also have discretion to determine whether an option agreement evidencing an Option initially granted by the Board without a right of relinquishment shall be amended or supplemented to include
such a right of relinquishment. Neither the Board nor the Company shall be under any obligation or incur any liability to any person by reason of the Board's refusal to grant or include a right of
relinquishment in any Option granted hereunder or in any option agreement evidencing the same. Subject to the Board's determination in any case that the grant by it of a right of relinquishment is
consistent with Paragraph&nbsp;1 hereof, any Option granted under this Plan, and the option agreement evidencing such Option, may provide: </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i)&nbsp;&nbsp;&nbsp;&nbsp;That
the Optionee, or his heirs or legal representatives to the extent entitled to exercise the Option under the terms thereof, in lieu of purchasing the entire number
of shares subject to purchase thereunder, shall have the right to relinquish all or any part of the then unexercised portion of the Option (to the extent then exercisable) for a number of shares of
Stock, for an amount of cash or for a combination of Stock and cash to be determined in accordance with the following provisions of this clause&nbsp;(i): </FONT></P>

<UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(A)&nbsp;&nbsp;the
written notice of exercise of such right of relinquishment shall state the percentage, if any, of the Appreciated Value (as defined below) that the Optionee elects
to receive in cash ("Cash Percentage"), such Cash Percentage to be in increments of 10% of such Appreciated Value up to 100% thereof; </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(B)&nbsp;&nbsp;the
number of shares of Stock of the Company, if any, issuable pursuant to such relinquishment shall be the number of such shares, rounded to the next greater number of
full shares, as shall be equal to the quotient obtained by dividing (x)&nbsp;the difference between (1)&nbsp;the Appreciated Value and (2)&nbsp;the result obtained by multiplying the Appreciated
Value and the Cash Percentage by (y)&nbsp;the then current market value per share of the Stock; </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(C)&nbsp;&nbsp;the
amount of cash payable pursuant to such relinquishment shall be an amount equal to the Appreciated Value less the aggregate current market value of the Stock issued
pursuant to such relinquishment, if any, which cash shall be paid by the Company subject to such conditions as are deemed advisable by the Board to permit compliance by the Company with the
withholding provisions applicable to employers under the Code and any applicable state income tax laws; and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(D)&nbsp;&nbsp;for
the purposes of this clause&nbsp;(i), "Appreciated Value" means the excess of (x)&nbsp;the aggregate current market value of the shares of Stock covered by the
Option or the portion thereof to be relinquished over (y)&nbsp;the aggregate purchase price for such shares specified in such Option; </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii)&nbsp;&nbsp;that
such right of relinquishment may be exercised only upon receipt by the Company of a written notice of such relinquishment which shall be dated the date of election
to make such relinquishment; and that, for the purposes of this Plan, such date of election shall be deemed to be the date when such notice is sent by registered or certified mail, or when receipt is
acknowledged by the Company, if mailed by other than registered or certified mail or if delivered by hand or by any telegraphic communications equipment of the sender or otherwise delivered; provided,
that, in the event the method just described for determining such date of election shall not be or remain consistent with the provisions of Section&nbsp;16(b) of the Exchange Act or the rules and
regulations adopted by the Commission thereunder, as presently existing or as may be hereafter amended, which regulations exempt from the operation of Section&nbsp;16(b) of the Exchange Act in whole
or in part any such relinquishment transaction, then such date of election shall be determined by such other method consistent with Section&nbsp;16(b) of the Exchange Act or the rules and
regulations thereunder as the Board shall in its discretion select and apply; </FONT></P>

</UL>
<P ALIGN="CENTER"><FONT SIZE=2>4</FONT></P>

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<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii)&nbsp;&nbsp;that
the "current market value" of a share of Common Stock on a particular date shall be deemed to be its fair market value on that date as determined in accordance
with Paragraph&nbsp;6(b); and </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv)&nbsp;&nbsp;that
the Option, or any portion thereof, may be relinquished only to the extent that (A)&nbsp;it is exercisable on the date written notice of relinquishment is
received by the Company, (B)&nbsp;the Board, subject to the provisions of Paragraph&nbsp;9(b), shall consent to the election of the holder to relinquish such Options in whole or in part for cash
or for shares of Common Stock equal to all or some portion of the Appreciated Value as set forth in such written notice of relinquishment and (C)&nbsp;the holder of such Option pays, or makes
provisions satisfactory to the Company for the payment of, any taxes which the Company is obligated to collect with respect to such relinquishment. </FONT></P>

</UL>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;The
Board shall have sole discretion to consent to or disapprove, and neither the Board nor the Company shall be under any liability by reason of the Board's disapproval
of, any election by a holder
of an Option to relinquish such Option in whole or in part for cash or for shares of Common Stock equal to all or some portion of the Appreciated Value as provided in Paragraph&nbsp;9(a). </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;The
Board, in granting Options hereunder, shall have discretion to determine the terms upon which such Options shall be relinquished, subject to the applicable
provisions of this Plan, and including such provisions as are deemed advisable to permit the exemption from the operation from Section&nbsp;16(b) of the Exchange Act of any such relinquishment
transaction, and Options outstanding, and option agreements evidencing such Options, may be amended, if necessary, to permit such exemption. If an Option is relinquished, such Option may be deemed to
have been exercised to the extent of the number of shares of Common Stock covered by the Option or part thereof which is relinquished, and no further Options may be granted covering such shares of
Common Stock. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;Neither
any Option nor any right to relinquish the same to the Company as contemplated by this Paragraph&nbsp;9 shall be assignable or otherwise transferable except by
will or the laws of descent and distribution. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;Unless
waived by the Board, which it may give or withhold in its sole discretion and without liability, no right of relinquishment may be exercised within the first six
months after the initial award of any Option containing, or the amendment or supplementation of any existing option agreement adding, the right of relinquishment, except by will or the laws of descent
and distribution. </FONT></P>

<P><FONT SIZE=2><B>10.&nbsp;&nbsp;&nbsp;&nbsp;Stock Dividends, Stock Splits and Certain Other Corporate Transactions  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
existence of this Plan and Options granted hereunder shall not affect the right or power of the Company or its shareholders to make or authorize any or all
adjustments, recapitalizations, reorganizations or other changes in the Company's capital structure or its business, or any merger or consolidation of the Company, or any issue of bonds, debentures or
preferred or preference stocks ranking prior to or affecting the Common Stock or the rights attendant thereto, or the dissolution or liquidation of the Company, or any sale or transfer of all or any
part of the Company's assets or business, or any other corporate act or proceeding, whether of a similar character or otherwise. </FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;The
shares with respect to which Options may be granted hereunder are shares of Common Stock of the Company as presently constituted. If, and whenever, prior to the
delivery by the Company of all of the shares of the Common Stock which are subject to Options granted hereunder, the Company shall effect a subdivision or consolidation of shares or other capital
readjustment, the payment of a stock dividend, a stock split, a combination of shares, a recapitalization or other increase or reduction of the number of shares of the Common Stock outstanding without
receiving consideration therefor in
money, services or property, the number of shares of Stock available under this Plan and the number of shares of Stock with respect to which Options granted hereunder may thereafter be </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>5</FONT></P>

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exercised, shall, (i)&nbsp;in the event of an increase in the number of outstanding shares, be proportionately increased, and the exercise price payable per share shall be proportionately reduced,
and (ii)&nbsp;in the event of a reduction in the number of outstanding shares, be proportionately reduced, and the exercise price payable per share shall be proportionately increased. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c)&nbsp;&nbsp;If
the Company is reorganized, merged or consolidated or is otherwise a party to a plan of exchange with another corporation pursuant to which reorganization, merger,
consolidation or plan of exchange shareholders of the Company receive any shares of Common Stock or other securities or if the Company shall distribute ("Spin off") securities of another corporation
to its shareholders, there shall be substituted for the shares subject to the unexercised portions of outstanding Options an appropriate number of shares of (i)&nbsp;each class of stock or other
securities which were distributed to the shareholders of the Company in respect of such shares in the case of a reorganization, merger, consolidation or plan of exchange, or (ii)&nbsp;in the case of
a Spin Off, the securities distributed to shareholders of the Company together with shares of Common Stock, such number of shares or securities to be determined by the Board of Directors; provided,
however, that all such Options may be canceled by the Company as of the effective date of (x)&nbsp;a reorganization, merger, consolidation, plan of exchange or Spin Off or (y)&nbsp;any dissolution
or liquidation of the Company, by giving notice to each holder thereof or his personal representative of its intention to do so and by permitting the purchase for a period of at least thirty days
during the sixty days next preceding such effective date of all of the shares subject to such outstanding Options, without regard to any installment provisions set forth in the option agreement; and
provided further that in the event of a Spin Off, the Company may, in lieu of substituting securities or accelerating and canceling Options as contemplated above, elect (i)&nbsp;to reduce the
purchase price for each share of Stock subject to an outstanding Option by an amount equal to the fair market value, as determined in accordance with the provisions of Paragraph&nbsp;6(b), of the
securities distributed in respect to each outstanding share of Common Stock in the Spin Off or (ii)&nbsp;to reduce proportionately the purchase price per share and to increase proportionately the
number of shares of Stock subject to each Option in order to reflect the economic benefits inuring to the shareholders of the Company as a result of the Spin Off. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d)&nbsp;&nbsp;Except
as hereinabove expressly provided, the issue by the Company of shares of stock of any class, or securities convertible into or exchangeable for shares of stock of
any class, for cash or property, or for labor or services, either upon direct sale or upon the exercise of rights or warrants to subscribe therefor, or upon conversion of shares or obligations of the
Company convertible into or exchangeable for shares of stock of any class shall not affect, and no adjustment by reason thereof shall be made with respect to, the number of shares of Common Stock
subject to Options granted hereunder. </FONT></P>

<P><FONT SIZE=2><B>11.&nbsp;&nbsp;&nbsp;&nbsp;Purchase for Investment  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Unless
the offering of the Options and shares of Common Stock covered by this Plan have been registered under the Securities Act of 1933, as amended, or the Company has determined that
such registration is unnecessary, each person exercising an Option under this Plan may be required by the Company to (i)&nbsp;give a representation in writing that he is acquiring such shares for
his own account for investment and not with a view to, or for sale in connection with, the distribution of any part thereof, (ii)&nbsp;agree in writing not to sell or otherwise dispose of such
shares without registration in the absence of an opinion of counsel satisfactory to the Company that such registration is not required; and (iii)&nbsp;agree that the certificate or certificates
evidencing such shares may bear restrictive legends to the foregoing effect. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>6</FONT></P>

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<P><FONT SIZE=2><B>12.&nbsp;&nbsp;&nbsp;&nbsp;Taxes  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;The
Company may make such provisions as it may deem appropriate for the withholding of any taxes which it determines is required in connection with any Options granted
under this Plan. </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;Notwithstanding
the terms of Paragraph&nbsp;12(a), any Optionee may pay all or any portion of the taxes required to be withheld by the Company or paid by him in
connection with the exercise of an Option by election to have the Company withhold shares of Stock, or by delivering previously owned shares of Common Stock, having a fair market value, determined in
accordance with Paragraph&nbsp;6(b), equal to the amount required to be withheld or paid. An Optionee must make the foregoing election on or before the date that the amount of tax to be withheld is
determined ("Tax Date"). All such elections are irrevocable and subject to disapproval by the Board in its sole discretion. Elections by persons who are subject to the short-swing profits recapture
provisions of Section&nbsp;16(b) of the Exchange Act ("Covered Optionee") are subject to the additional restriction that such election may not be made within six months of a grant of an Option,
unless waived by the Board, which it may give or withhold in its sole discretion and without liability. Where the Tax Date in respect of an Option is deferred until six months after exercise and the
Covered Optionee elects share withholding, the full amount of shares of Common Stock will be issued or transferred to him upon exercise of the Option, but he shall be unconditionally obligated to
tender back to the Company the number of shares necessary to discharge the Company's withholding obligation or his estimated tax obligation on the Tax Date. </FONT></P>

<P><FONT SIZE=2><B>13.&nbsp;&nbsp;&nbsp;&nbsp;Effective Date of Plan  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Plan shall be effective as of September&nbsp;10, 2002. </FONT></P>

<P><FONT SIZE=2><B>14.&nbsp;&nbsp;&nbsp;&nbsp;Amendment or Termination  </B></FONT></P>


<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The
Board may amend, alter or discontinue this Plan, except that no amendment or alteration shall be made which would impair the rights of any Optionee under any Option theretofore
granted, without his consent. </FONT></P>

<P><FONT SIZE=2><B>15.&nbsp;&nbsp;&nbsp;&nbsp;Government Regulations  </B></FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;This
Plan, and the grant and exercise of Options thereunder, and the obligation of the Company to sell and deliver shares under such Options, shall be subject to all applicable laws,
rules and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>*** </FONT></P>

<P><FONT SIZE=2>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Approved
by the Board of Directors of First Investors Financial Services Group,&nbsp;Inc., on July&nbsp;18, 2002. </FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>***
</FONT></P>

<P ALIGN="CENTER"><FONT SIZE=2>7</FONT></P>

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<FONT SIZE=2><A HREF="#toc_ma1686_1">EXHIBIT 10.109</A></FONT><BR>
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