**EXECUTIVE        EMPLOYMENT AGREEMENT**

| 1. | Employment.                  The Company hereby employs Executive, and Executive hereby accepts                  such                  employment, upon the terms and conditions set forth                  herein. |
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| 2. | Duties. |
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| 2.1 | Position.                  Executive is employed on a full-time basis as President and Chief                  Executive Officer of the Company, shall report directly to the                  Board of                  Directors of the Company (“the Board”), and shall have the duties and                  responsibilities commensurate with such position as shall be reasonably                  and in good faith determined from time to time by the Board. |
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| 2.2 | Obligations.                  Executive shall: (i) abide by all federal, state and local laws,                  regulations and ordinances and as applicable, all policies and                  charter                  documents of the Company and its affiliates, and (ii) except for                  vacation                  and illness periods, devote substantially all of his business time,                  energy, skill and efforts to the performance of his duties hereunder                  in a                  manner that will faithfully and diligently further the business                  interests                  of the Company. |
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| 3. | Term.                  The term of this Agreement shall commence on the Effective Date                  and shall                  continue until December 31, 2009, unless earlier terminated as                  herein                  provided (the “Initial Term”). As used herein, “Term” shall include the                  Initial Term and any Extended Term, but the Term of this Agreement                  shall                  end upon any termination of Executive’s employment with the Company as                  herein provided. |
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| 4. | Compensation. |
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| 4.1 | Base                  Salary.                  As compensation for Executive’s performance of Executive’s duties and                  subject to Executive’s continued employment pursuant to this Agreement ,                  the Company shall pay or cause to be paid to Executive an annual                  salary of                  Five Hundred Thousand Dollars ($500,000.00) during the Term of                  Employment                  (“Base Salary”), payable in accordance with the normal payroll practices                  of the Company or the Company’s payroll services provider, less all                  legally required or authorized payroll deductions and tax withholdings.                  During the Term of Employment, the Base Salary amount set forth                  above may                  be increased from time to time at the sole and absolute discretion                  of the                  Board. |
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| 4.2 | Discretionary                  Bonus.                  The Company may, from time to time, pay Executive a discretionary                  bonus in                  an amount to be determined by the Board in its sole and absolute                  discretion, less all legally required or authorized payroll deductions                  and                  tax withholdings. |
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| 4.3 | Equity                  Compensation.                  Concurrently with the execution of this Agreement, Executive shall                  be                  granted an option pursuant to the Company’s [Amended and Restated 1997                  Employee Stock Incentive Plan] (“the Plan”) to purchase Five Hundred                  Thousand (500,000) shares of the Company’s common stock (the “Shares”) at                  an exercise price of $5.00 per share with a term of ten (10) years.                  So                  long as Executive’s employment relationship with the Company continues,                  twenty percent (20%) of the Shares underlying the option shall                  vest on the                  anniversary of the execution date of this Agreement and upon each                  anniversary date thereafter until the fifth anniversary, whereupon                  the                  option shall become one-hundred percent (100%) vested. Notwithstanding                  the                  foregoing, the vesting shall accelerate upon a change in control                  as                  defined in the Stock Option Award Agreement. In addition, such                  options                  shall be subject to the terms and conditions of the Plan and stock                  option                  agreement reflecting ( and not inconsistent with) the terms set                  forth in                  this Agreement between the Company and Executive, which documents                  are                  incorporated herein by reference. |
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| 5. | Health                  and Welfare Benefits.                  Executive shall be eligible for all health and welfare benefits                  generally                  available to other full-time employees of the Company of similar                  rank and                  status, subject to the terms and conditions of the Company’s policies and                  benefit plan documents. |
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| 6. | Vacation.                  Executive shall be entitled to earn vacation at the rate of four                  (4) weeks                  per year. Executive shall be allowed to use such vacation time                  at                  Executive’s discretion, with reasonable advance notice to the Board, and                  taking into account the business needs of the Company. In the event                  that                  Executive is terminated before the end of the applicable calendar                  year,                  any vacation time used by the Executive in excess of the pro rata                  vacation                  time corresponding to the portion of the calendar year then elapsed                  shall                  not result in any offset against any compensation owed to Executive,                  except in the case of termination of Executive for                  Cause. |
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| 7. | Business                  Expenses.                  Executive shall be reimbursed for all reasonable, out-of-pocket                  business                  expenses incurred in the performance of Executive’s duties on behalf of                  the Company, provided that Executive furnishes to the Company adequate                  records and other documentation as may be required for the substantiation                  of such expenditures as a business expense of the                  Company. |
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| 8. | Termination                  of Employment. Subject                  to the terms and conditions of this Section 8, either the Company                  or                  Executive may terminate Executive’s employment at any time, with or                  without Cause (as defined in Section 8.7), during the Term of Employment.                  Any termination of Executive’s employment during the Term of Employment                  shall be communicated by written notice of termination from the                  terminating party to the other party (“Notice of Termination”). The Notice                  of Termination shall indicate the specific provision(s) of this                  Agreement                  relied upon in effecting the termination, if any. Termination shall                  be                  effective on the date designated by the terminating party in the                  Notice of                  Termination. In the event Executive’s employment is terminated by either                  party, for any reason, during the Term of Employment, the Company                  shall                  pay the prorated Base Salary earned as of the date of Executive’s                  termination of employment and the accrued but unused vacation as                  of the                  date of Executive’s termination of employment to Executive upon                  Executive’s termination of employment. Except as otherwise provided in                  this Section 8, the Company shall have no further obligation to                  make or                  provide to Executive, and Executive shall have no further right                  to receive                  or obtain from the Company, any payments or benefits in respect                  of the                  termination of Executive’s employment with the Company during the Term of                  Employment. |
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| 8.1 | Severance                  Upon Involuntary Termination without Cause and Termination by Executive                  with Good Reason.                  In                  the event that the Company causes to occur an involuntary termination                  without Cause (as defined in Section 8.7(a)) or in the event that                  Executive resigns from employment with the Company for Good Reason                  (as                  defined in Section 8.7(c)) during the Term of Employment, Executive                  shall                  be entitled to a lump sum “Severance Payment” as set forth in Exhibit A;                  payable within thirty (30) days of the events giving rise to the                  Severance                  Payment; *provided*,                  however, that Executive executes a Separation Agreement that includes                  a                  general release in favor of the Company, any successor company,                  and all                  subsidiary and related entities, and their officers, directors,                  shareholders, employees and agents to the fullest extent permitted                  by law,                  drafted by and in a form reasonably satisfactory to the Company,                  and does                  not revoke the general release within any legally required revocation                  period, if applicable. All legally required and authorized deductions                  and                  tax withholdings shall be made from the Severance Payment, including                  for                  wage garnishments, if applicable, to the extent required or permitted                  by                  law. Effective immediately upon termination of employment, Executive                  shall                  no longer be eligible to contribute to or to be an active participant                  in                  any retirement or benefit plan covering employees of the Company.                  All                  other Company obligations to Executive shall be automatically terminated                  and completely extinguished; provided, however, that Executive                  shall not                  forfeit any right to contributions previously made to any pension,                  retirement or benefit plan. |
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| 8.2 | Effect                  of Disability.                  In                  the event Executive’s employment is terminated on account of Disability                  (as defined in Section 8.7), Executive shall be entitled to payment                  of the                  difference between (a) any monthly disability payments provided                  through                  insurance plans offered by the Company, if any, provided Executive                  has                  enrolled in such plans, has paid the costs thereof and is otherwise                  eligible, and (b) the monthly Base Salary effective immediately                  prior to                  the date of termination, for a period of six (6) months following                  the date                  of termination, Both (a) and (b) in the preceding sentence shall                  be paid                  in a lump sum within thirty (30) days of Executive’s termination of                  employment due to Disability. All legally required and authorized                  deductions and tax withholdings shall be made from the payments                  described                  in the previous sentence, including for wage garnishments, if applicable,                  to the extent required or permitted by law. |
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| 8.3 | Effect                  of Death.                  In                  the event Executive’s employment is terminated by reason of death, this                  Agreement shall terminate without further obligations of Employer                  to                  Executive (or his heirs or legal representatives) under this Agreement,                  other than for payment of: (i) any unpaid base salary (as set forth                  in                  Section 4.1 hereof) through the date of termination; (ii) a prorated                  portion of any bonus, described in Section 4.2. above, earned through                  the                  date of Executive’s death that has not been paid, (iii) all compensation                  previously deferred by Executive, if any; (iv) any accrued but                  unused                  vacation ; and (v) any amounts due pursuant to the terms of any                  applicable                  welfare benefit plan. All of the foregoing amounts shall be paid                  to                  Executive’s estate or beneficiary, as applicable, in a lump sum cash                  payment within thirty (30) days after the date of termination or                  earlier                  as required by applicable law. |
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| 8.4 | Employment                  Reference. In                  the event Executive’s employment is terminated without Cause, or Executive                  resigns for Good Reason, Executive and the Company will negotiate                  in good                  faith to reach an agreement on a statement reflecting a benign                  reason for                  termination or resignation. This statement will include, at minimum,                  positions held, date of hire, employment period and confirmation                  of salary                  history (if requested by Executive). |
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| 8.5 | Ineligibility                  For Severance. Executive                  shall not be entitled to any Severance Package under this Agreement,                  if at                  any time during the Term of Employment, either (a) Executive voluntarily                  resigns or otherwise terminates employment with the Company other                  than for                  Good Reason, or (b) the Company involuntarily terminates Executive’s                  employment with Cause. Effective immediately upon termination of                  employment, Executive shall no longer be eligible to contribute                  to or to                  be an active participant in any retirement or benefit plan covering                  employees of the Company; provided, however, that Executive shall                  not                  forfeit any right to contributions previously made to any pension,                  retirement or benefit plan. All other Company obligations to Executive                  shall be automatically terminated and completely extinguished. |
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| 8.6 | Taxes                  and Withholdings. The                  Company may withhold from any amounts payable under this Agreement,                  including any benefits or Severance Payment, such federal, state                  or local                  taxes as may be required to be withheld pursuant to applicable                  law or                  regulations, which amounts shall be deemed to have been paid to                  Executive. |
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| 8.7 | Definitions. |
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|  | (a) | “Cause”                  shall mean the occurrence during the Term of Employment of any                  of the                  following: (i) indictment for, formal admission to (including a                  plea of                  guilty or *nolo                  contendere*                  to), or conviction of a felony, (ii) a crime of moral turpitude,                  dishonesty, breach of trust or unethical business conduct, or any                  crime                  involving the Company, (iii) willful or knowing unauthorized dissemination                  by Executive of Proprietary Company Information; (iv) failure by                  Executive                  to perform Executive’s duties which are reasonably and in good faith                  requested in writing by the Board; (v) failure of Executive to                  perform any                  lawful directive of the Board communicated to Executive in the                  form of a                  written request from the Board, and (vi) Executive’s breach of the                  Company’s Code of Conduct which would normally result in termination of                  any Company employee. |
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|  | (b) | “Disability”                  shall mean, to the extent consistent with applicable federal and                  state law                  (including, without limitation Section 409A), Executive’s inability by                  reason of physical or mental illness to fulfill his obligations                  hereunder                  for ninety (90) consecutive days or for a total of one hundred                  and twenty                  (120) days in any twelve (12) month period which, in the reasonable                  opinion of an independent physician selected by the Company or                  its                  insurers and reasonably acceptable to Executive or Executive’s legal                  representative, renders Executive unable to perform the essential                  functions of his job, even after reasonable accommodations are                  made by the                  Company. The Company is not, however, required to make unreasonable                  accommodations for Executive or accommodations that would create                  an undue                  hardship on the Company. |
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|  | (c) | “Good                  Reason” shall mean the occurrence during the Term of Employment of any                  of                  the following: (i) a material breach of this Agreement ; (ii) the                  Executive’s Base Salary is materially reduced by the Company; (iii) a                  material reduction in Executive’s duties and/or responsibilities; or (iv)                  relocation of the Executive’s place of work to a location greater than 35                  miles away from the current location. In no event shall any of                  the                  foregoing constitute Good Reason unless the Company receives notice                  from                  the Executive of the existence of the condition constituting Good                  Reason                  within ninety (90) days of the occurrence of such condition. Upon                  receipt                  of such notice, the Company shall be provided a period of thirty                  (30) days                  during which it may remedy the condition and not be required to                  pay the                  Severance Payment payable under Section 8 of this                  Agreement. |
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| 8.8 | Non-duplication                  of Benefits.                  Notwithstanding any provision in this Agreement or in any other                  Company                  benefit plan or compensatory arrangement to the contrary, but at                  all times                  subject to Section 8.5, (a) any payments due under either Section                  8.2 or                  Section 8.3 shall be made not more than once, if at all, (b) payments                  may                  be due under either Section 8.2 or Section 8.3, but under no circumstances                  shall payments be made under both Section 8.2 and Section 8.3,                  (c) no                  payments made under this Agreement shall be considered compensation                  for                  purposes of any benefit plan or compensatory arrangement of the                  Company,                  and (d) Executive shall not be entitled to severance benefits from                  the                  Company other than as contemplated under this Agreement, unless                  such other                  severance benefits offset and reduce the benefits due under this                  Agreement                  on a dollar-for-dollar basis, but not below zero. |
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| 9. | No                  Conflict of Interest.                  Executive must not engage in any work, paid or unpaid, that could                  create a                  conflict of interest with the interests of the Company during Executive’s                  employment with the Company. Such work shall include, but is not                  limited                  to, directly or indirectly competing or interfering with the Company                  Business in any way. For purposes of this Agreement, the term “Company                  Business” shall mean non-prime auto                  finance. |
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| 10. | Confidentiality.                  During                  the Term of Employment, Executive has been and will continue to                  be given                  access to a wide variety of information about the Company, its                  affiliates                  and other related businesses that the Company considers “Proprietary                  Company Information.” As a condition of continued employment, Executive                  agrees to abide by the Company’s business policies and directives                  including those on confidentiality and nondisclosure of “Proprietary                  Company Information.” “Proprietary Company Information” shall mean all                  information applicable to the business of the Company which confers                  or may                  confer a competitive advantage upon the Company over one who does                  not                  possess the information; and has commercial value in the business                  of the                  Company or any other business in which the Company engages or is                  preparing                  to engage during Executive’s employment with the Company. “Proprietary                  Company Information” includes, but is not limited to, information                  regarding the Company’s business plans and strategies; manuals, contracts                  and proposals; and other business partners and the Company’s business                  arrangements and strategies with respect to them; current and future                  marketing or advertising campaigns; software programs whether owned                  or                  modified by third parties for the Company’s benefit; codes, formulae or                  techniques; financial information; personnel information; and all                  ideas,                  plans, processes or information related to the current, future                  and                  proposed projects or other business of the Company whether or not                  such                  information would be enforceable as a trade secret of the Company                  or                  enjoined or restrained by a court or arbitrator as constituting                  unfair                  competition. “Proprietary Company information” also includes confidential                  information of any third party who may disclose such information                  to the                  Company or Executive in the course of the Company’s business. |
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| 10.1 | Nondisclosure.                  Executive acknowledges that Proprietary Company Information constitutes                  valuable, special and unique assets of the Company’s business and that the                  unauthorized disclosure of such information to competitors of the                  Company,                  or to the general public, will be highly detrimental to the Company.                  Executive therefore agrees to hold Proprietary Company Information                  in                  strictest confidence. Except as shall occur as and to the extent                  that                  Executive performs his duties to the Company, Executive agrees                  not to                  disclose or allow to be disclosed to any individual or entity,                  other than                  those individuals or entities authorized by the Company, any Proprietary                  Company Information that Executive has or may acquire during Executive’s                  employment by the Company (whether or not developed or compiled                  by                  Executive and whether or not Executive has been authorized to have                  access                  to such Proprietary Company Information). |
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| 10.2 | Continuing                  Obligation.                  Executive agrees that the agreement not to disclose Proprietary                  Company                  Information will be effective during Executive’s employment and continue                  even after Executive is no longer employed by the Company. Any                  obligation                  not to disclose any portion of any Proprietary Company Information                  will                  continue indefinitely unless Executive can demonstrate that such                  information (a) has been developed independently without any reference                  to                  any information obtained during Executive‘s employment with the Company;                  or (b) must be disclosed in response to a valid order by a court                  or                  government agency or is otherwise required by law. |
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| 10.3 | Return                  of Company Property.                  On termination of employment with the Company for whatever reason,                  or at                  the request of the Company before termination, Executive agrees                  to                  promptly deliver to the Company all records, files, computer disks,                  memoranda, documents, lists and other information regarding the                  Company                  and its business or containing any Proprietary Company Information,                  including all copies, reproductions, summaries or excerpts thereof,                  then                  in Executive’s possession or control, whether prepared by Executive or                  others. Executive also agrees to promptly return, on termination                  or the                  Company’s request, any and all Company property issued to Executive,                  including but not limited to computers, cellular phones, keys and                  credits                  cards. Executive further agrees that should Executive discover                  any Company                  property or Proprietary Company Information in Executive’s possession                  after the return of such property has been requested, Executive                  agrees to                  return it promptly to the Company without retaining copies, summaries                  or                  excerpts of any kind. |
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| 10.4 | No                  Violation of Rights of Third Parties.                  Executive warrants that the performance of all the terms of this                  Agreement                  does not and will not breach any agreement to keep in confidence                  proprietary information, knowledge or data acquired by Executive                  prior to                  Executive’s employment with the Company. Executive agrees not to disclose                  to the Company, or induce the Company to use, any confidential                  or                  proprietary information or material belonging to any previous employers                  or                  others. Executive warrants that Executive is not a party to any                  other                  agreement that will interfere with Executive’s full compliance with this                  Agreement. Executive further agrees not to enter into any agreement,                  whether written or oral, in conflict with the provisions of this                  Agreement                  while such provisions remain effective. |
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| 11. | Interference                  with Business Relations.  |
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| 11.1 | Interference                  with Customers, Suppliers and Other Business Partners.                  Executive acknowledges that the Company’s tenant and customer base and its                  other business arrangements have been developed through substantial                  effort                  and expense, and its nonpublic business information is confidential                  and                  constitutes trade secrets. In addition, because of Executive’s position,                  Executive understands that the Company will be particularly vulnerable                  to                  significant harm from Executive’s use of such information for purposes                  other than to further the Company’s business interests. Accordingly,                  Executive agrees that during Executive’s employment with the Company and                  after Executive’s employment with the Company ends , Executive will not,                  either directly or indirectly, separately or in association with                  others,                  utilize the Company’s Proprietary Company Information to interfere with,                  impair, disrupt or damage the Company’s relationship with any of its                  customers, automobile dealers or other business partners of the                  Company. |
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| 11.2 | Interference                  with the Company’s Employees.                  Executive acknowledges that the services provided by the Company’s                  employees are unique and special, and that the Company’s employees possess                  trade secrets and Proprietary Company Information that is protected                  against misappropriation and unauthorized use. As such, Executive                  agrees                  that during Executive’s employment with the Company, and for a period of                  12 months after Executive’s employment with the Company is terminated for                  any reason, Executive will not, either directly or indirectly,                  separately                  or in association with others, interfere with, impair, disrupt                  or damage                  the Company’s business by contacting any Company employees for the purpose                  of inducing or encouraging them to discontinue their employment                  with the                  Company. |
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| 11.3 | Negative                  Information.                  During the Term of Employment and thereafter, Executive shall not                  disclose                  confidential or negative non-public information regarding, or take                  any                  action materially detrimental to the reputation of the Company                  or its                  directors, officers, employees, investors, shareholders or advisors                  and                  any affiliates of any of the foregoing (collectively, the “Company                  Affiliates”); provided, however, that nothing contained in this Section                  12.3 shall affect any legal obligation of Executive to respond                  to                  mandatory governmental inquiries concerning the Company Affiliates                  or to                  act in accordance with, or to establish, his rights under this                  Agreement. |
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| 11.4 | Injunctive                  Relief.                  Executive acknowledges that Executive’s breach of the covenants contained                  in Sections 9 through 11 of this Agreement inclusive (collectively                  “Covenants”) would cause irreparable injury and continuing harm to the                  Company for which there will be no adequate remedy at law, and                  agrees that                  in the event of any such breach, the Company seek temporary, preliminary                  and permanent injunctive relief to the fullest extent allowed by                  the                  California Arbitration Act, without the necessity of proving actual                  damages or posting any bond or other                  security. |
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| 12. | Agreement                  to Arbitrate.                  Any                  dispute, controversy or claim arising out of or in respect of this                  Agreement (or its validity, interpretation or enforcement), the                  employment                  relationship or the subject matter hereof shall be addressed and                  settled                  by arbitration conducted in Orange County under the auspices of                  JAMS or                  other mutually agreeable alternative dispute resolution service                  in                  accordance with that service’s rules for the resolution of employment                  disputes. Included within this provision are any claims based on                  a                  violation of any local, state or federal law, such as claims for                  discrimination or civil rights violations. Executive understands                  that                  arbitration is in lieu of any and all other civil legal proceedings.                  The                  aggrieved party can initiate arbitration by sending written notice                  of any                  intention to arbitrate by registered or certified mail to all parties                  and                  to the mutually agreed upon alternative dispute resolution service.                  The                  notice must contain a description of the dispute, the amount involved                  and                  the remedy sought. Any claim or controversy which may be arbitrated                  under                  this section is subject to any applicable statute of limitations                  that                  would apply if a lawsuit was being initiated. The arbitration shall                  provide for written discovery and depositions adequate to give                  the parties                  access to documents and witnesses that are essential to the dispute.                  The                  arbitrator shall have no authority to add to or to modify this                  Agreement,                  shall apply all applicable law, and shall have no lesser and no                  greater                  remedial authority than would a court of law resolving the same                  claim or                  controversy. In addition to any other form of relief to which the                  parties                  may be entitled, injunctive relief will be available to enforce                  any                  provision of this Agreement including, without limitation, Section                  12 of                  this Agreement. The arbitrator shall issue a written decision that                  includes the essential findings and conclusions upon which the                  decision is                  based, and which shall be signed and dated. The decision of the                  arbitrator                  shall be conclusive, final and binding upon the parties and may                  be                  submitted to any authorized court of law to be confirmed and enforced.                  The                  prevailing party (meaning the party that obtains substantially                  the relief                  sought by it) in such proceeding will be entitled to the reasonable                  attorneys’ fees and expenses of counsel and costs incurred by reason of                  such arbitration if such would be available if the matter had been                  pursued                  in a court of law. Executive and the Company shall each bear his/her                  or                  its own costs and attorneys’ fees incurred in conducting the arbitration,                  and, except for such disputes where Executive asserts a claim otherwise                  under a state or federal statute prohibiting discrimination in                  employment                  or unless otherwise required by applicable law (“a Statutory Claim”),                  shall split equally the fees and administrative costs charged by                  the                  arbitrator and the alternative dispute resolution service. In disputes                  where Executive asserts a Statutory Claim against the Company,                  Executive                  shall be required to pay only the initial administrative filing                  fee to the                  extent such filing fee does not exceed the fee to file a complaint                  in                  state or federal court. The Company shall pay the balance of the                  arbitrator’s fees and administrative                  costs. |
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| 13. | General                  Provisions. |
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| 13.1 | Successors                  and Assigns.                  The rights and obligations of the Company under this Agreement                  shall inure                  to the benefit of and shall be binding upon the successors and                  assigns of                  the Company. The Company will require any successor (whether direct                  or                  indirect, by purchase, merger, consolidation or otherwise) or assignee                  to                  all or substantially all of the business and/or assets of the Company                  to                  assume expressly and agree to perform this Agreement in the same                  manner                  and to the same extent that the Company would be required to perform                  it if                  no such succession or assignment had taken place. Executive shall                  not be                  entitled to assign any of Executive’s rights or obligations under this                  Agreement without the Company’s written                  consent. |
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| 13.2 | Legal                  Protection Clause.                  The Company will defend, indemnify and hold harmless the Executive                  from                  and against any claim or legal action taken against Executive as                  a direct                  consequence of the discharge of Executive’s duties or obedience to                  directions of the Company, in accordance with California Labor                  Code 2802                  and other applicable law . Such protection, if applicable, includes                  the                  cost of legal defense and judgment, if any, against Executive to                  the                  fullest extent permitted by applicable law and the Company’s by-laws and                  articles of incorporation. The Company will maintain in force a                  directors’                  and officers’ liability insurance policy. Executive shall have coverage                  under any directors’ and officers’ liability insurance policies obtained                  by the Company in an amount not less than, and providing coverage                  no less                  comprehensive than, the coverage applicable to any other director                  or                  officer of the Company. |
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| 13.3 | Non-exclusivity                    of Rights.                    Except as expressly provided in this Agreement, Executive is                    not prevented                    from continuing or future participation in any Company benefit,                    bonus,                    incentive or other plans, programs, policies or practices provided                    by the                    Company subject to the terms and conditions of such plans, programs,                    or                    practices. |
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| 13.4 | Waiver.                  Either party’s failure to enforce any provision of this Agreement shall                  not in any way be construed as a waiver of any such provision,                  or prevent                  that party thereafter from enforcing each and every other provision                  of                  this Agreement. |
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| 13.5 | Attorneys’                  Fees.                  Each side will bear its own attorneys’ fees in any dispute unless a                  statutory section at issue, if any, authorizes the award of attorneys’                  fees to the prevailing party, and the arbitrator awards such attorneys’                  fees accordingly. |
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| 13.6 | Severability.                  In the event any provision of this Agreement is found to be unenforceable                  by an arbitrator or court of competent jurisdiction, such provision                  shall                  be deemed modified to the extent necessary to allow enforceability                  of the                  provision as so limited, it being intended that the parties shall                  receive                  the benefit contemplated herein to the fullest extent permitted                  by law. If                  a deemed modification is not satisfactory in the judgment of such                  arbitrator or court, the unenforceable provision shall be deemed                  deleted,                  and the validity and enforceability of the remaining provisions                  shall not                  be affected thereby. |
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| 13.7 | Interpretation;                  Construction.                  The headings set forth in this Agreement are for convenience only                  and                  shall not be used in interpreting this Agreement. This Agreement                  has been                  drafted by legal counsel representing the Company, but Executive                  has                  participated in the negotiation of its terms. Furthermore, Executive                  acknowledges that Executive has had an opportunity to review and                  revise                  the Agreement and have it reviewed by legal counsel, if desired,                  and,                  therefore, the normal rule of construction to the effect that any                  ambiguities are to be resolved against the drafting party shall                  not be                  employed in the interpretation of this Agreement. |
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| 13.8 | Governing                  Law.                  This Agreement will be governed by and construed in accordance                  with the                  laws of the State of California. Where necessary to enforce the                  provisions                  of Section 13 above, each party consents to the jurisdiction and                  venue of                  the state or federal courts in Los Angeles County, California. |
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| 13.9 | Notices.                  Any notice required or permitted by this Agreement shall be in                  writing and                  shall be delivered as follows with notice deemed given as indicated:                  (a)                  by personal delivery when delivered personally; (b) by overnight                  courier                  upon written verification of receipt; (c) by telecopy or facsimile                  transmission upon acknowledgment of receipt of electronic transmission;                  or                  (d) by certified or registered mail, return receipt requested,                  upon                  verification of receipt. Notice shall be sent to the addresses                  set forth                  below, or such other address as either party may specify in                  writing. |
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| 13.10 | Survival.                  Section 8 (“Termination of Employment”), Section 9 (” No Conflict of                  Interest”),                  Section 10 (“Confidentiality”), Section 11 (“Interference with Business                  Relations”), Section 12 (“Agreement to Arbitrate”), Section 13 (“General                  Provisions”) and Section 14 (“Entire Agreement”) of this Agreement shall                  survive Executive’s employment with the Company and the Term of this                  Agreement as provided therein. |
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| 14. | Entire                  Agreement.                  This Agreement, together with the other agreements and documents                  governing                  the benefits described in this Agreement constitute the entire                  agreement                  between the parties relating to this subject matter hereof and                  supersede                  all prior or simultaneous representations, discussions, negotiations,                  and                  agreements, whether written or oral. This Agreement may be amended                  or                  modified only with the written consent of Executive and the Board                  of                  Directors of the Company. No oral waiver, amendment or modification                  will                  be effective under any circumstances whatsoever. |
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|   |    |   | **James                  Vagim** |
|--------|---------|--------|----------------------------------|
|   |    |   |                             |   |
| Dated: | 8-15-08 |   | /s/                  James Vagim |
|   |    |   | **Address:**                     |   |
|   |    |   |                             |    |

|   |    |   |   | United                  PanAm Financial Corporation |
|--------|---------|--------|--------|-----------------------------------------------------|
|   |    |   |   |                                                |
| Dated: | 8-15-08 |   | By:    | /s/                  Mitch Lynn                     |
|   |    |   |   | **Mitch                  Lynn**                     |
|   |    |   |   | **Director**                                        |

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**EXHIBIT        A**

**Pursuant        to Section 9**

**Executive        Employment Agreement**

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