Pinpoint
      Recovery Solutions Corp.

    4350
      W.
      Cypress Street

    Tampa,
      FL
      33607

     

    October
      26, 2007

     

    Mr.
      Jon
      Leslie

    43
      Greenacres Avenue

    Scarsdale,
      New York 10583

     

    Re:           
      Employment
      Agreement

     

    Dear
      Mr.
      Leslie:

     

    This
      letter confirms our understanding with respect to your employment by Pinpoint
      Recovery Solutions Corp. (“Pinpoint”) as Pinpoint’s chief financial officer. In
      such capacity, you shall report directly to Pinpoint’s chief executive officer
      or to such other
      person as the chief executive officer or the board of directors of Pinpoint
      shall determine
      to be appropriate.

     

    You
      will
      initially be employed for the period beginning as of November 1, 2007 and ending
      on January 31, 2008 (the “Initial Term”). During the Initial Term, you will be
expected
      to devote such amount of time to Pinpoint’s affairs as is necessary to properly
      perform the services expected in exchange for your services as chief financial
      officer of Pinpoint,
      and you shall be paid at the rate of $8,333 per month in accordance with
      Pinpoint’s customary compensation policies, but in any event not less frequently
      than twice monthly. During the Initial Term you will not be eligible for or
      provided with medical,
      dental or any other benefits other than reimbursement in accordance with
company
      policy of expenses incurred on behalf of Pinpoint

     

    If
      at the
      end of the Initial Term you continue to serve as Pinpoint’s chief financial
officer,
      unless otherwise agreed and set forth in a written agreement, you will be paid
      an annual
      salary of $140,000, be granted options to purchase up to an aggregate of 25,000
      shares of Pinpoint’s common stock at an exercise price per share of $3.00,
      subject to applicable
      law and the terms of Pinpoint’s stock option plan then in effect and otherwise
as
      the
      board of directors may determine, and be eligible to participate in such
      medical, dental
      and other benefit plans as are made available to Pinpoint’s executive
      officers.

     

    Unless
      otherwise agreed in writing, your employment by Pinpoint both during the
Initial
      Term and thereafter shall be on an at-will basis and, accordingly, nothing
      in
      this letter
      shall entitle you to employment by Pinpoint either during the Initial Term
      or
thereafter.

    


    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    The
      parties hereto hereby irrevocably agree to the exclusive venue and personal
      and
      subject matter jurisdiction of the federal and state courts sitting in the
      County of New York,
      State of New York, hereby waive any right they may have to a jury trial and
      any
claim
      of
      inconvenient forum, and hereby consent to receiving service of process by U.S.
      mail
      or
      overnight courier to their respective addresses set forth above. This letter
      agreement: (i) sets forth the entire agreement of the parties hereto with
      respect to its subject
      matter and supersedes any and all other prior and contemporaneous agreements.
      express
      or implied, written or oral, and may not be assigned by either party without
      the
prior
      written consent of the other; (ii) may be amended, and any term or condition
      hereof waived,
      only in a writing signed by the party to be held thereto; (iii) shall be
      governed by the
      laws
      of the State of New York without giving effect to its conflicts of laws
provisions;
      (iv) shall inure to the benefit of and be enforceable by the heirs, executors,
      administrators,
      legal representatives, successors, and permitted assigns of the parties
hereto;
      and (v) is for the benefit of the parties hereto alone and no other person
      shall
      have any
      rights. interest or claims hereunder or be entitled to any benefits under or
      on
      account of this
      Agreement as a third party beneficiary or otherwise.

     

    Since
      you
      will be serving as an executive officer of Pinpoint and may serve in a
similar
      capacity for other entities owned by Pinpoint, Pinpoint will (a) indemnify’ you
      to the fullest extent permitted under Delaware law, (b) advance all expenses
      incurred by you in defending any action or proceeding to which you become a
      party by reason of the fact that
      you
      were or arc a director or officer of Pinpoint or any such other company to
      the
fullest
      extent permitted under Delaware law, and (c) purchase and maintain for the
      benefit
      of executive directors and officers of Pinpoint liability insurance policies
      and
errors
      and omissions insurance policies in reasonable amounts from established and
      reputable
      insurers

     

    If
      this
      letter accurately sets forth your agreement with Pinpoint with respect to your
      employment by Pinpoint, kindly indicate by signing below and returning one
      (1)
original
      to Pinpoint at the address above.

     

    
      	 	
              Very
                truly yours,

            
	 	 
	 	
              PINPOINT
                RECOVERY SOLUTIONS CORP.

            
	 	 
	 	
              By:

            	                         
                    
	
               

            	 	
              Kevin
                Cappock, President

            


    

     

    
      	
              Agreed
                to by: 

            	
                                              
                

            	 
	
               

            	
              Jon
                D. Leslie