Exhibit 10.11



VERSATILE CONSULTING




A division of Versatile Financial LLC




P.O. Box 142979
 Irving, Texas 75014




CONSULTANT’S ENGAGEMENT CONTRACT and LETTER OF
UNDERSTANDING



This Consulting Agreement (this
“Agreement”) is entered into this day of October 2005, by and between FIRSTPLUS Financial Group, Inc., with offices at 5100 N. O’Connor
Blvd., Sixth Floor, Irving Texas 75039 (the “Company”) and Versatile Consulting at P.O. Box 142979, Irving, Texas 75014 (the
“Consultant”).



WHEREAS, the Company desires to
engage the Consultant to perform certain services, and the Consultant desires to be engaged by the Company in accordance with the terms and conditions
of this Agreement.



WHEREAS the Company desires to
retain Consultant to provide services which are related to the development and implementing the Company’s business plan. The Company further
desires to retain Consultant to render certain advisory services described below, which shall be rendered by Consultant without any direct supervision
by the Company and at such time and place and in such manner (whether by conference, telephone, letter or otherwise) as Consultant may
determine.



NOW, THEREFORE, in consideration
of the foregoing and the respective covenants and agreements of the parties herein contained and intending to be legally bound, the parties hereto
agree as follows:


	(a)
	 	Consulting Services: Consultant will provide such
financial consulting services and advice pertaining to the Company’s business affairs as the Company may from time to time reasonably request.
Without limiting the generality of the foregoing, Consultant will assist the Company in studying and evaluating financing, business development,
business strategy, and corporate image, in developing, studying and evaluating acquisition proposals, prepare reports and studies thereon when
advisable, and assist in matters of corporate strategy, discussions pertaining thereof





	(b)
	 	Wall Street Liaison: Consultant will, when appropriate,
arrange meetings between representatives of the Company and members of the investment community, such as securities analysts, portfolio managers and
market makers. Consultant will assist the Company in presenting itself at securities industry conferences and due diligence meetings.





	(c)
	 	Mergers and Acquisitions: Consultant will assist in
identifying other companies in similar or related businesses which might enter into joint ventures with the Company or which could merge their
businesses advantageously with those of the Company merger and acquisition proposals. Consultant will assist in formal negotiations and valuations
relative to such mergers or combinations.





	(d)
	 	Business Development: Consultant will also assist in
telephone conferences and research, drafting documents, arranging meetings and negotiations, with developing and writing the business plan., the
developing the working platform, articulating and presentation, running the enterprise: marketing, branding, building the infrastructure, structuring
the corporate body of the company, finding more cost-efficient ways to manage the business, building a collaboration of business leaders, industry
leaders, community leaders, and political leaders, conception of a master plan .and implementation of a master plan.





	(e)
	 	Contracts and Agreements: The Consultant does not have
discretionary authority to obligate the Company to contracts or agreements or negotiate the same without prior approval from the Company.

















Term



This Agreement is effective as of the
date hereof and the term expires on September 30, 2006, however, this Agreement may be renewed thereafter on a month-to-month basis upon the mutual
written agreement of both the Company and the Consultant. In the event this Agreement is so renewed, it may be subsequently terminated by either party
with written notice to the other party not less than ten (10) calendar days prior to the expiration of any such monthly renewal period. In addition,
the Company may immediately terminate this Agreement, without prior notice, upon the occurrence of any of the following:


	(a)  
	 	The Consultant, directly or indirectly, competes with or
performs services for an individual or entity which competes directly or indirectly with the Company, or any of its subsidiaries or affiliates, while
this Agreement is in effect, unless such competition is consented to in writing by the Company;





	(b)  
	 	The Consultant discloses to any third party all or any portion
of the Company’s confidential business information or the Consultant uses such confidential information for his own benefit or the benefit of any
third party;





	(c)  
	 	The Consultant is negligent in his duties or otherwise fails to
satisfactorily and timely perform the projects assigned;





	(d)  
	 	The Consultant breaches any provision of this
Agreement;





	(e)  
	 	The death or disability of the Consultant; or





	(f)  
	 	The Consultant publicly or privately disparages or makes
negative or derogatory comments or statements about the Company, its employees, former employees, services, operations or reputation.






Remuneration



Company agrees to pay the Consultant a
non-refundable retainer of $25,000.00 and Company accepts the Consultant’s billing rate of $250.00 per hour. Company also agrees to the billing
calculation at 40 hours monthly and each monthly retainer of $10,000.00. Any adjustment to this remuneration schedule must be agreeable by both
parties.



Billing rate calculation: 40 hours x
$250.00 per hour = $ 10,000. The non-refundable retainer does not represent payment toward subsequent monthly retainers. Each subsequent monthly must
be paid on the first of each following month or at such point the retainer balance falls below $10,000.00.



Company agrees to pay Consultant
reasonable expenses associated with the duties herein described. During the term of this Agreement the Consultant shall submit on the first of each
calendar month an invoice detailing such expenses for the previous calendar month. Expenses due the Consultant shall be paid within 20 business days
thereafter. The invoice shall detail the projects performed by the Consultant and the amount of time devoted to such projects. The Company retains
discretion on payment of expenses incurred by Consultant.



No Partnership



Nothing in this Agreement or in the
relationship of the parties hereto shall be construed as in any sense creating a partnership among the parties or as giving to any party any of the
rights or subjecting any party to any of the creditors of the other party.



Relationship Between Parties



The Consultant understands that he
shall be responsible for the payment of all social security taxes, unemployment insurance taxes, state income taxes, federal income taxes, and all
other local, county, state, and federal taxes which may become owing as a result of his performance of services under this Agreement or due to any
payments made to the Consultant arising from such performance, and that no amounts will be withheld by the Company with respect to any payments made to
the Consultant hereunder.



The Consultant agrees to indemnify and
hold the Company harmless from any liability for income taxes or other taxes or charges for which the Consultant may be liable on account of any
payments received for services under this Agreement. The Consultant may operate under the business form of his choice. The Consultant may perform
services for other entities during the term of this Agreement provided, and to the extent that, the provision of these services is not inconsistent
with, and does not interfere with, him responsibilities and obligations herein.













Nondisclosure



During the term of this Agreement, the
Company, its officers, employees, representatives and/or agents may provide the Consultant with access to or may confide in him, and the Consultant may
render, prepare or create information, documents, materials, or other proprietary information which the Company considers confidential business
information (hereinafter referred to as “Confidential Information”). The Consultant shall not, during or at any time after the term of this
Agreement, directly or indirectly, in any manner utilize or disclose to any person, firm, corporation, company or other entity, any such Confidential
Information of the Company which is not generally known to the public, except for such disclosures (i) where required by law or (ii) during the
performance of the Consultant’s duties pursuant to this Agreement for such use or purpose as he shall reasonably determine to be in the best
interest of the



Company and further described in the
Confidential Agreement (referred to in exhibit A attached hereto).



Books and Records



All books, cards, records, accounts,
files, notes memoranda, lists, and other papers or the information contained therein or obtained therefrom, connected with or arising from or created
in the activities and/or affairs of the Company, in the charge or possession of the Consultant, are the property of the Company and shall be kept on
the premises of the Company wherever reasonably possible. At the termination of this Agreement or upon request, all said books, cards, records,
accounts, files, notes, memoranda, lists, and other papers and the information contained therein or obtained



therefrom connected with or arising
from or created in the activities and/or the affairs of the Company shall be turned over and delivered to the Company without hesitancy or delay and
also any notes, memoranda, copies, reproductions, extracts or summations of the aforesaid.



Governing Law



This Agreement is made and shall be
governed and construed in accordance with the laws of the State of Texas



Enforceability



If any provision of this Agreement
shall be invalid or unenforceable, in whole or in part, then such provision shall be deemed to be modified or restricted to the extent and in the
manner necessary to render the same valid and enforceable, or shall be deemed excised from this Agreement, as the case may require, and this Agreement
shall be construed and enforced to the maximum extent permitted by law as if such provision had been originally incorporated herein as so modified or
restricted or as if such provision had not been originally incorporated herein, as the case may be.



Assignment



This Agreement and the obligations
created hereunder may not be assigned by Consultant.



Waivers



No waiver by either party of any
condition or of the breach by the other of any term or covenant contained in this Agreement shall be effective unless in writing and signed by the
aggrieved party. A waiver by any party hereto in any one or more instances shall not be deemed a waiver of future compliance therewith, and such
provisions shall remain in full force and effect.














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



FIRSTPLUS Financial Group,
Inc.



	By:    

Title:
	 	/s/ Jack (J.D.) Draper
 Jack (J.D.) Draper

Chief Executive Officer







Versatile
Consulting
 A Division of Versatile Financial L.L.C.



	By:    

Title: 
	 	/s/ Jack Roubinek
 Jack Roubinek
 Managing
Director