Document:

EMPLOYMENT AGREEMENT

     EMPLOYMENT  AGREEMENT (this "Agreement"),  dated and effective as of August
18,  1997,  by and  between  Club Regina  Resorts,  Inc.,  a Nevada  corporation
("Employer"), and John McCarthy ("Employee").

                              W I T N E S S E T H:

     A.   Employer  desires to retain the services of Employee as its  President
          and Chief Executive Officer.

     B.   Employee  has  been  Director  General  of the  business  acquired  by
          Employer as of August 18, 1997 since 1993.

     C.   Employer considers the employment of Employee pursuant to the terms of
          this  Agreement to be in the best interests of Employer and its equity
          holders to facilitate continuity of experienced  management and wishes
          to assure that Employee  serves Employer on an objective and impartial
          basis  and  without  distraction  or  conflict  of  interest  upon the
          potential   termination   of  Employee's   employment   under  certain
          circumstances.

     D.   Employee  is  willing,  on the terms  and  subject  to the  conditions
          provided  in  this  Agreement,   to  undertake  the   responsibilities
          contemplated  herein,  furnish services to Employer as provided herein
          and be subject to certain employment restrictions and obligations.

     E.   Undefined capitalized terms are defined in Section 8(a).

     NOW  THEREFORE,   in   consideration   of  the  premises,   the  covenants,
representations  and warranties  herein  contained and other good,  valuable and
binding  consideration,   the  receipt  and  sufficiency  of  which  are  hereby
acknowledged by the parties hereto, the parties hereby agree:

     1.   Employment  Term.  This Agreement shall commence as of August 18, 1997
          (the  "Commencement  Date") and shall remain in effect for three years
          from the (the "Employment  Term").  Beginning on the third anniversary
          of  the   Commencement   Date,  and  upon  each   anniversary  of  the
          Commencement  Date  thereafter,  this agreement will be  automatically
          renewed and the  Employment  Term shall be extended for successive one
          year periods  unless  terminated by either the Employee or Employer by
          giving written notice of termination  not less than 60 days in advance
          of the renewal  date;  provided  that there  shall be no such  renewal
          after the year in which Employee turns 63.

     2.   Responsibilities  and Authority.  Employer hereby employs  Employee to
          serve as Holding's  President and Chief Executive  Officer of Employer
          reporting to its Board. During the Employment Term, Employee will have
          the  responsibility  and authority to administer  and  coordinate  the
          activities of Employer and its  subsidiaries

<PAGE>
          in accordance with the policy  guidelines as established by Employer's
          management.  In addition,  Employee will also serve in compliance with
          this Agreement as Director General of C.R. Resorts  Holdings,  S.A. de
          C.V. ("Holding").

     The parties agree that Employee will not report nor will he be submitted to
Holding,  because all order to Employee will come directly from Employer,  which
Employee recognizes as the only employer and source of his rights hereunder.

     3.   Acceptance of Employment.  Employee accepts  employment by Employer on
          the terms and conditions  herein  provided and agrees,  subject to the
          terms of this  Agreement,  to devote all of his full  business time to
          advance the business of Employer and Holding.  Employee understands he
          may serve on  Employer's  Board and that  without  Employer's  Board's
          approval,  he  will  not  serve  on  the  Board  of  Directors  of any
          non-affiliate of Employer that is not controlled by Employee's family.

     4.   Compensation and Benefits. As compensation for his services hereunder,
          Employee will be entitled to the following amounts.

          (a)  Base Salary. Employee will receive an initial base cash salary at
               the aggregate rate of US$250,000  per annum (the "Base  Salary").
               The Base Salary will be paid in  substantially  equal  bi-monthly
               installments on the first and 15th day of each month.

          (b)  Bonus.  Based (i) 50% on the achievement of the performance goals
               approved by Employer's  Board from  time-to-time  and (ii) 50% on
               the discretion of Employer's Board taking into account such goals
               and other  factors  the Board may  determine  to be  appropriate,
               Employee  will be  entitled  to receive an annual be  entitled to
               receive an annual Bonus (the  "Bonus")  equal to the amount of up
               to 50% of the Base Salary.

          (c)  Benefits  and  Productivity  Aids.  Employee  will be entitled to
               receive  the   benefits   (the   "Benefits")   and  the  personal
               productivity  aids (the "Personal  Productivity  Aids") listed on
               Schedule A.

          (d)  Beneficiaries. Employee will have the absolute right to designate
               the  beneficiaries  to  receive  the  proceeds,  if  any,  of all
               Benefits upon Employee's death.

          (e)  Acceleration of Payments.

               (i)  Occurrence of  Triggering  Event.  Upon the  occurrence of a
                    Triggering Event, Employee shall receive from Employer (i) a
                    lump sum payment equal to one times his Base Salary and (ii)
                    earned Bonuses,  any vested stock options and any other sums
                    due him.

               (ii) Time of Payment.  All  accelerated  payments of Base Salary,
                    Bonuses and  Benefits to Employee  pursuant to this  Section
                    4(e)

<PAGE>
                    shall  be paid as  promptly  as  possible  but in any  event
                    within  30  days  after  Employee   provides   notice  of  a
                    Triggering Event; but if the full amount of such accelerated
                    payments is not paid within 20 business  days after the date
                    of the Triggering  Event, such amounts shall be evidenced by
                    a promissory note from Employer bearing interest at the rate
                    of 7% per annum from the date of the Triggering  Event until
                    paid. If Employee files an action against Employer,  Holding
                    or any of their  affiliates  arising from the performance of
                    his services under this Agreement, submitting himself to the
                    jurisdiction  of any other court,  tribunal or  conciliation
                    and  arbitration  board,  other  than the  courts  of Texas,
                    Employee  expressly  agrees to waive  his  right to  receive
                    payments under Section 4(e)(i).  Should any court,  tribunal
                    or  conciliation  or  arbitration  board  issue  any  ruling
                    against  Employer,  Holding  or  any  of  their  affiliates,
                    amounts obtained therefrom will be offset against any amount
                    owed to Employee under this Agreement.

               (iii)Reimbursement   of  Expenses.   Employee  will  be  promptly
                    reimbursed for Reimbursable Expenses.

          (f)  Consideration. Employee's covenants contained in Sections 6 and 7
               are in return for the consideration  Employee is to receive under
               Section 4(e).

          (g)  Employer will provide all compensation and benefits listed above.
               However, should it be more practical or advantageous for employer
               or Employee to provide or to receive a benefit  through  Holding,
               the  latter  will act  merely as a channel  of  Employer  and any
               compensation  or benefit that Employee may receive  directly from
               Holding  will be deemed to have been granted on account of and in
               the name of  Employer  since  Employer  shall  be the only  party
               liable for the employment  relationship of Employee with Employer
               and its affiliates.

     5.   Termination.  This  Agreement  may be  terminated  upon the  following
          terms:

          (a)  Termination  Upon Death.  This  Agreement will terminate upon the
               first day of the month following  Employee's date of death during
               the  Employment  Term and,  other than Benefits and  Reimbursable
               Expenses, no further amounts will be due hereunder.

          (b)  Termination  Upon Total  Disability.  Employer may terminate this
               Agreement  because  of  Total  Disability  upon at least 30 days'
               notice to Employee;  provided that (i) Employer will pay Employee
               his Base  Salary for the lesser of (A)  period  from such  notice
               until the date on which the disability  benefits  contemplated by
               the  Benefits  begin  accruing and (B) 120 days from such notice,
               and (ii) Employer shall pay all other  Benefits and  Reimbursable
               Expenses owed Employee.
<PAGE>

          (c)  Termination  by  Employer  Without  Cause.  In addition to actual
               termination by Employer of Employee's  employment  without Cause,
               if  Employee's   employment  is   Constructively   Terminated  by
               Employer,  or if Employee  terminates hisi employment  because he
               has been Constructively  Terminated,  Employee's employment shall
               be deemed to have been terminated without cause.

          (d)  Termination by Employer With Cause. Employer shall be entitled to
               terminate Employee's  employment at any time for Cause. Upon such
               termination  for Cause,  all of  Employee's  rights and  benefits
               provided  for in  this  Agreement  shall  terminate  immediately,
               except as to any accrued and unpaid Base Salary prorated  through
               the date of  termination  and any  Benefits  or amounts  owed for
               Reimbursable   Expenses   incurred  by  Employee  prior  to  such
               termination.  Employee will not be deemed to have been terminated
               for Cause until  there has been  delivered  to him a  termination
               notice by Employer's Board.

     6.   Confidentiality and Solicitation.

          (a)  Confidentiality.

               (i)  Confidentiality  of  Information.  Employee  recognizes  and
                    acknowledges  that he will have access to the Trade Secrets,
                    access  to and  knowledge  of  which  are  essential  to the
                    performance of Employee's  duties  hereunder.  Employee will
                    not,  during  the  term of his  employment  by  Employer  or
                    thereafter,  either (A) disclose  such Trade  Secrets to any
                    Person  for any  reason  or  purpose  whatsoever,  except on
                    behalf of Employer for its business purposes during the term
                    of this Agreement,  or (B) make use of any Trade Secrets for
                    his own purposes or for the benefit of any Person, except to
                    the extent  authorized by an agreement  between Employer and
                    any such Person.

               (ii) Return of Confidential  Information.  All samples and copies
                    of Trade Secrets prepared or obtained by Employee during his
                    employment  shall at all times be the  property  of Employer
                    and Employee  shall deliver the same to Employer at any time
                    upon Employer's request,  and in any event shall deliver the
                    same to  Employer  upon the  termination  of his  employment
                    whether or not he has been requested to do so.

          (b)  Solicitation.   During   the   Employment   Term  and  two  years
               thereafter,  Employee will not, and will cause his  affiliates to
               not,  directly or  indirectly,  (i) solicit for employment by any
               Person,  its  affiliates  or anyone  else,  any  employee or then
               currently  active  independent  contractor  of  Employer  or  its

<PAGE>
               affiliates,  within the six-month  period  immediately  preceding
               such solicitation of employment, other than such person (a) whose
               employment or independent contractor  relationship was terminated
               by Employer or its affiliate,  or (b) who independently responded
               to a general  solicitation  for  employment  by  Employee  or his
               affiliates;  or (ii) induce or attempt to induce, any employee or
               independent   contractor  of  Employer  or  its  affiliates,   to
               terminate such employee's employment or independent  contractor's
               active contractual  relationship.  (c) Specific  Performance.  If
               there is a breach or threatened  breach of the provisions of this
               Section  6,   Employer   shall  be  entitled  to  an   injunction
               restraining  Employee  from such  breach,  without  bond or other
               security.  Nothing  herein  shall  be  construed  as  prohibiting
               Employer  from  pursuing  any other  remedies  for such breach or
               threatened breach.

     7.   Covenant Not to Compete.

          (a)  Non-Competition   Covenant.   In  return  for  the  consideration
               described in Section 4,  Employee  agrees that he shall not for a
               period of one year from the  termination of his  employment  with
               Employer (the  "Non-Competition  Term") in any manner whatsoever,
               either  directly  or  indirectly,  with any  Person in each case,
               within the Geographic Area:

               (i)  provide or offer to  provide  to any  Person  any  services,
                    information or other assistance  relating to the business of
                    Employer  or of any of its  affiliates  (as of the  date  of
                    termination of Employee's employment) or with respect to any
                    customer,  client or  prospective  customer  or  client,  of
                    Employer or of any of its  affiliates  in each case,  within
                    the Geographic Area;

               (ii) own, operate,  engage in,  participate in, or contribute to,
                    alone or as a partner,  joint  venture,  officer,  director,
                    member, employee,  consultant, agent, independent contractor
                    or stockholder  of, or lender to, or in any other  capacity,
                    in each case, any real estate, timeshare product, service or
                    product,  or other  which is the same  as,  similar  to,  or
                    competes  with  Employer  or  its  affiliate's  services  or
                    products or which compete with  Employer or its  affiliate's
                    business;

               (iii)(A) call on any Acquisition  Candidate with the knowledge of
                    such Acquisition Candidate's status as such, for the purpose
                    of  acquiring,   or  arranging  the   acquisition  of,  that
                    Acquisition  Candidate by any Person other than  Employer or
                    its affiliates, (B) induce any Person which is a customer of
                    Employer  or  its   affiliates  to  patronize  any  business
                    directly or  indirectly  in  competition  with the  business
                    conducted  by  Employer  or  its  affiliates;  (C)  canvass,
                    solicit  or accept  from any Person  which is a customer  of
                    Employer or its affiliates,  any such competitive  business;
                    or (D)  request or advise any Person  which is a customer of
                    Employer  or its  affiliates,  or its or  their  successors;
                    "Acquisition  Candidate" means (I) any Person engaged in the
                    Timeshare  Business,  or the purchase or development of real
                    estate

<PAGE>
                    with the purpose of engaging  in the  Timeshare  Business or
                    (II) any project with respect to the Timeshare Business, and
                    in either  case (i) which was called on by  Employer  or its
                    affiliates,  in connection with the possible  acquisition by
                    Employer or its  affiliates  of that  Person or project,  or
                    (ii) with respect which  Employer or its affiliates has made
                    an  acquisition  analysis;  or (iv)  directly or  indirectly
                    employ,   or  knowingly  permit  any  Person,   directly  or
                    indirectly, controlled by him, to employ, any Person who was
                    employed  by  Employer  or its  affiliates  at or within the
                    prior six  months,  or in any manner seek to induce any such
                    Person to leave their employment.

          (b)  Employee  agrees and  understands  that  Employer's  business  is
               highly  competitive  and that Employer has invested  considerable
               sums of money in developing real estate and timeshare  properties
               and services,  training  programs,  sales  programs,  pricing and
               marketing  formulas  and  programs,  and account  records for the
               proper servicing of its clients and potential clients.

          (c)  Employee  further  agrees and  understands  that this covenant is
               necessary for the  protection  of Employer due to its  legitimate
               interest in protecting  its business  goodwill and Trade Secrets.
               Employee  further  agrees and  understands  that,  because of the
               legitimate  interest  of  Employer  in  protecting  its  business
               goodwill and Trade Secrets as well as the extensive  confidential
               information  and special  knowledge  received  by  Employee  from
               Employer,  the  restrictions  enumerated  in Section 7(a) are not
               oppressive and are, in fact, reasonable. Employee also agrees and
               understands  that,  due to the necessity of this covenant and the
               adequate  consideration  supporting  it, this  covenant  does not
               prevent  competition,  and in fact,  it  encourages  Employer  to
               entrust Employee with Trade Secrets.

          (d)  If a court of competent jurisdiction determines that the scope of
               any  provision  of this  Section 7 is too broad to be enforced as
               written, the parties intended that the court reform the provision
               to such narrower  scope as it  determines  to be  reasonable  and
               enforceable.

          (e)  Employee  agrees that if he breaches this covenant he will submit
               to the rendition of a temporary  restraining order, without prior
               notice,  and thereafter to a temporary and permanent  injunction.
               Further,  Employee  agrees to the  jurisdiction of an appropriate
               court  in  Harris  County,  Texas,  for the  enforcement  of this
               covenant.

     8.   Miscellaneous.

          (a)  Definitions. The following terms have the indicated meanings.

               (i)  Base Salary - defined in Section 4(a).
<PAGE>
               (ii) Cause -

                    (A)  the failure of Employee  to  substantially  perform his
                         covenants and duties  described  herein (other than any
                         such failure resulting from Total Disability);

                    (B)  the  engaging  by  Employee  in  willful,  reckless  or
                         grossly   negligent   misconduct  which  is  materially
                         injurious  to  Employer  or  any  of  its   affiliates,
                         monetarily or otherwise;

                    (C)  the misappropriation of Employer funds;

                    (D)  Employee's   commission   of  an  act  of   dishonesty,
                         affecting Employer or its affiliates, or the commission
                         of an act constituting common law fraud or a felony; or

                    (E)  Employee  shall  resign  or  otherwise   terminate  his
                         employment  for any reason other than by mutual written
                         agreement  with  Employer or because  Employee has been
                         Constructively Terminated.

               (iii)Change  of  Control  - is  deemed  to have  occurred  if any
                    "person" as such term is used in Sections 13(d) and 14(d) of
                    the  Securities  Exchange  Act of 1934,  as then in  effect,
                    other  than a  shareholder  or its  beneficiary  on the date
                    hereof or any "person" who on the date of determination is a
                    Director  or  Officer  of   Employer,   is  or  becomes  the
                    "beneficial  owner" as defined in Rule 13d-3 under such Act,
                    directly   or   indirectly,   of   securities   of  Employer
                    representing  51% or more of the  combined  voting  power of
                    Employer's then outstanding equity securities.

               (iv) Constructive  Termination  - the  occurrence  of  any of the
                    following events without Employee's express written consent:

                    (A)  a reduction by Employer in Employee's Base Salary;

                    (B)  any  material  breach by  Employer  or of any  material
                         provision of this Agreement; or

                    (C)  Employer  should  hire  an  executive  officer  to whom
                         Employee is required to report.

               (v)  Geographic  Area - the  geographic  market  areas  (and  the
                    specific  countries and states located  therein) of Employer
                    or its affiliates in which  Employer is conducting  business
                    at the time of the expiration of Employee's  employment with
                    Employer or its affiliates,  specifically including, without
                    limitation, the United Mexican States.
<PAGE>

               (ivi)Person - a natural person, firm,  corporation,  association,
                    partnership   (general  or   limited),   limited   liability
                    corporation,  syndicate,  governmental  body,  or any  other
                    entity.

               (v)  Reimbursable Expenses - all properly documented,  reasonable
                    and necessary expenses incurred by Employee on behalf of and
                    in connection with the business of Employer.

               (vi) Termination Notice - notice under Sections 1(a) or 1(b).

               (ix) Total  Disability  -  illness  or other  physical  or mental
                    disability of Employee  which shall continue for a period of
                    at  least  45  consecutive  days  or  three  months  in  the
                    aggregate  during any 12-month  period during the Employment
                    Term,  which  such  illness  or  disability  shall  make  it
                    impossible or  impracticable  for Employee to perform any of
                    his duties and responsibilities hereunder.

               (vii)Timeshare   Business   -   the   business   of   purchasing,
                    developing,   marketing,  selling  and  financing  timeshare
                    vacation intervals.

               (viiii) Trade Secrets - Employer and its affiliates'  proprietary
                    or  confidential  information,  including but not limited to
                    the following:  trade secret information,  ideas,  concepts,
                    software,  designs,  drawings,   techniques,  models,  data,
                    documentation, research, development, processes, procedures,
                    business  acquisition  or  disposition  plans,  "know  how,"
                    marketing   techniques   and   materials,    marketing   and
                    development  plans,  customer  names and  other  information
                    related to customers, price lists, pricing policies, details
                    of customer,  distributor,  agency or consultant  contracts,
                    financial  information and any other information relating to
                    the business,  customers, trade, trade secrets or industrial
                    practices of Employer;  provided that, "Trade Secrets" shall
                    not include  information that: (A) at the time of disclosure
                    is  in  the  public  domain;  or  (B)  after  disclosure  is
                    published or otherwise  becomes a part of the public  domain
                    through no act or omission  of  Employee  or his  affiliates
                    (but  only  after,   and  only  to  the  extent  that,  such
                    information  is published  or otherwise  becomes part of the
                    public  domain).  For this Agreement,  specific  disclosures
                    made, e.g. ("640 F to 650 F" or $50,000" shall not be deemed
                    to be within the exceptions listed above merely because such
                    specific  disclosure  is embraced  by a general  disclosure,
                    e.g. "600 F to 800 F" or $40,000 to $80,000",  which general
                    disclosure  is  in  the  public  domain  or  in  a  Person's
                    possession.   In  addition,   any  combination  of  features
                    disclosed in the course of Employee's  employment  shall not
                    be deemed to be within the  exceptions  listed  above merely
                    because  individual  features are  separately  in the public
                    domain or in a Person's possession,  but shall be within the
                    exceptions only if the combination  itself and its principle
                    of
<PAGE>
                    operation  are  in  the  public  domain  or  in  a  Person's
                    possession as provided in the exceptions listed above.

               (ix) Triggering  Event.  - (A)  a  Change  of  Control,  (B)  the
                    Constructive   Termination  of  Employee;   (C)  the  actual
                    termination  of this  Agreement;  or (D) except as expressly
                    provided  herein,   Employer's  refusal  to  renew  for  any
                    one-year term for any reason, in each case, other than:

                    (1)  Employee's  voluntary  termination  (except a voluntary
                         termination because of Constructive Termination); or

                    (2)  Termination of employment for Cause; or

                    (3)  Termination  of  employment  upon  the  death  or Total
                         Disability.

          (b)  Severability.  To the extent that any provision of this Agreement
               may be deemed or determined to be  unenforceable  for any reason,
               such  unenforceability  shall  not  impair  or  affect  any other
               provision,  and this Agreement shall be interpreted so as to most
               fully give effect to its terms and still be enforceable.

          (c)  Scope of Agreement.  This Agreement  constitutes the whole of the
               agreement between the parties on the subject matter,  superseding
               all  prior   oral  and   written   conversations,   negotiations,
               understandings,  and  agreements in effect as of the date of this
               Agreement.

          (d)  Notices.  Any notice or request to be given  hereunder  to either
               party  hereto  shall be deemed  effective  only if in writing and
               either (i)  delivered  personally  to Employee  (in the case of a
               notice to Employee) or to the Board of Employer,  or (ii) sent by
               certified or registered mail,  postage prepaid,  to the addresses
               set forth on the  signature  page hereof or to such other address
               as either  party  may  hereafter  specify  to the other by notice
               similarly served.

          (e)  Assignment.  This Agreement and the rights and obligations of the
               parties hereto shall bind and inure to the benefit of each of the
               parties  hereto,  and shall also bind and inure to the benefit of
               Employee's heirs and legal  representatives  and any successor or
               successors  of  Employer  by  merger  or  consolidation  and  any
               assignee of all or substantially  all of Employer's  business and
               properties;  except  as to any  such  successor  or  assignee  of
               Employer,  neither  this  Agreement  nor any  duties,  rights  or
               benefits  hereunder  may be  assigned  by Employer or by Employee
               without the express written  consent of Employee or Employer,  as
               the case may be.

          (f)  Governing Law, Construction and Submission to Jurisdiction.  This
               Agreement  shall be construed and enforced in accordance with the
               laws of the State of Texas without reference to its choice-of-law
               principles. If any
<PAGE>
               action is brought to enforce or interpret this  Agreement,  venue
               for such action will be in Harris County, Texas.

          (g)  Modification.  No modification or waiver of any provision  hereof
               shall be made  unless it is in writing  and signed by both of the
               parties hereto.

          (h)  Termination  of Prior  Agreements.  When this  Agreement  becomes
               effective  it  shall   supersede   all  prior   arrangements   or
               understandings  concerning  Employee's  employment by Employer or
               Employer.

          (i)  Headings.   The  headings  in  this   Agreement  are  solely  for
               convenience of reference and shall not affect its interpretation.

          (j)  No Waiver. No failure on the part of any party hereto at any time
               to require the performance by any other party of any term of this
               Agreement  shall be taken or held to be a waiver  of such term or
               in any way affect such party's right to enforce such term, and no
               waiver on the part of either party of any term of this  Agreement
               shall be taken or held to be a waiver of any other term hereof or
               the breach thereof.

          (k)  Counterparts.   This   Agreement  may  be  executed  in  separate
               counterparts, each of which when so executed shall be an original
               but all of such  counterparts  shall together  constitute but one
               and the same instrument.

                          [NEXT PAGE IS SIGNATURE PAGE]
<PAGE>

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

                                         CLUB REGINA RESORTS, INC.

                                         By:  /s/ Douglas Y. Bech
                                             -------------------
                                               Douglas Y. Bech
                                               Chairman of the Board

                                               JOHN McCARTHY SANDLAND

                                         By:  /s/ John McCarthy Sandland
                                              ----------------------------
                                         Name:  John McCarthy Sandland,
                                                         PersonallyEMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this "Agreement"), dated as of January 1, 1999, is by
and  between  Raintree  Resorts   International,   Inc.,  a  Nevada  corporation
("Employer"), and Brian R. Tucker ("Employee").

                              W I T N E S S E T H:

     A.   Employer  desires to continue  the  services of Employee as its Senior
          Vice President - Planning & Development.

     B.   Employer considers the employment of Employee pursuant to the terms of
          this  Agreement to be in the best interests of Employer and its equity
          holders to facilitate continuity of experienced  management and wishes
          to assure that Employee  serves Employer on an objective and impartial
          basis  and  without  distraction  or  conflict  of  interest  upon the
          potential   termination   of  Employee's   employment   under  certain
          circumstances.

     C.   Employee  is  willing,  on the terms  and  subject  to the  conditions
          provided  in  this  Agreement,   to  undertake  the   responsibilities
          contemplated  herein,  furnish services to Employer as provided herein
          and be subject to certain employment restrictions and obligations.

     D.   Undefined capitalized terms are defined in Section 8(a).

     NOW  THEREFORE,   in   consideration   of  the  premises,   the  covenants,
representations  and warranties  herein  contained and other good,  valuable and
binding  consideration,   the  receipt  and  sufficiency  of  which  are  hereby
acknowledged by the parties hereto, the parties hereby agree:

     1.   Employment  Term.  This Agreement shall commence as of January 1, 1999
          (the  "Commencement  Date")  and  shall  remain  in  effect  from  the
          Commencement  Date through December 31, 2001 (the "Employment  Term").
          Beginning  on  January  1,  2002,  and  upon  each  anniversary,  this
          agreement will be automatically  renewed and the Employment Term shall
          be extended for  successive  one year  periods  unless  terminated  by
          either  the  Employee  or  Employer  by  giving   written   notice  of
          termination  not less than 120 days in  advance of the  renewal  date;
          provided  that there shall be no such renewal  after the year in which
          Employee turns 63.

     2.   Responsibilities  and Authority.  Employer hereby employs  Employee to
          serve as Senior Vice  President - Planning & Development  of Employer.
          During the Employment Term,  Employee will have the responsibility and
          authority to administer  and coordinate the activities of Employer and
          its   subsidiaries  in  accordance  with  the  policy   guidelines  as
          established by Employer's management, Chairman and Board.
<PAGE>
     3.   Acceptance of Employment.  Employee accepts  employment by Employer on
          the terms and conditions  herein  provided and agrees,  subject to the
          terms of this  Agreement,  to devote all of his full  business time to
          advance the business of Employer.

     4.   Compensation and Benefits. As compensation for his services hereunder,
          Employee will be entitled to the following amounts.

          (a)  Base Salary. Employee will receive an initial base cash salary at
               the aggregate rate of US$155,000 per annum commencing  January 1,
               1999. (the "Base Salary"). The Base Salary then in effect will be
               paid  in  accordance   with  its  Company's   customary   payroll
               practices. The Base Salary shall not be reduced below US $140,000
               per annum.

          (b)  Bonus.  Employee  will be  entitled to  participate  in any bonus
               program  established  by the  Employer's  Board,  the  amount and
               determination  of which as applicable to Employee  shall be fully
               discretionary by the Compensation Committee of Employer's Board.

          (c)  Benefits.  Employee will be entitled to receive the benefits (the
               "Benefits") listed on Schedule A.

          (d)  Acceleration of Payments.

               (i)  Occurrence of  Triggering  Event.  Upon the  occurrence of a
                    Triggering Event, Employee shall receive from Employer (i) a
                    lump sum  payment  equal to one times his then  annual  Base
                    Salary,  (ii) an amount equal to 50% of his then Base Salary
                    in lieu of any Bonuses whether or not earned or to be earned
                    at the time of a Triggering  Event,  (iii) all stock options
                    granted to Employee,  which shall automatically be vested at
                    an exercise  price equal to the lowest  exercise or purchase
                    price of any then  outstanding  stock options or warrants to
                    purchase  Common Stock  issued by  Employer,  (iv) an amount
                    equal to two times the dollar  value of all  Benefits  to be
                    received by Employee on annual basis, and (v) any other sums
                    due  him.  Upon  the  occurrence  of a  change  of  Control,
                    Employer shall provide Employee with continued access to his
                    offices and reasonable use of the office and items specified
                    in Exhibit A for a 30 day period.

               (ii) Time of Payment.  All  accelerated  payments of Base Salary,
                    Bonuses and  Benefits to Employee  pursuant to this  Section
                    4(d) shall be paid by Employer  as promptly as possible  but
                    in any  event  prior  to or on  the  effective  date  of any
                    termination  without  cause  within 30 days  after  Employee
                    provides notice of a Triggering Event.

               (iii)Reimbursement   of  Expenses.   Employee  will  be  promptly
                    reimbursed for Reimbursable Expenses.
<PAGE>
          (e)  Consideration. Employee's covenants contained in Sections 6 and 7
               are in return for the consideration  Employee is to receive under
               Section 4(d).

          (f)  Employer will provide all compensation and benefits listed above.

     5.   Termination. This Agreement may be terminated upon the following term:

          (a)  Termination  Upon Death.  This  Agreement will terminate upon the
               first day of the month following  Employee's date of death during
               the  Employment  Term and,  other than Benefits and  Reimbursable
               Expenses, no further amounts will be due hereunder.

          (b)  Termination  Upon Total  Disability.  Employer may terminate this
               Agreement  because  of Total  Disability  upon at least 120 days'
               notice to Employee;  provided that (i) Employer will pay Employee
               his Base Salary for one year from such notice,  and (ii) Employer
               shall pay all  other  Benefits  and  Reimbursable  Expenses  owed
               Employee and continue such  Benefits for an  additional  one year
               period.

          (c)  Termination by Employer Without Cause.  Termination without Cause
               shall  be  deemed  to  be a  Change  of  Control  constituting  a
               Triggering  Event as defined in Section 8. If terminated  without
               Cause,  Employee  shall  be  entitled  to  receive  the  payments
               specified in Section 4(d)(i).

          (d)  Termination by Employer With Cause. Employer shall be entitled to
               terminate Employee's  employment at any time for Cause. Upon such
               termination  for Cause,  all of  Employee's  rights and  benefits
               provided  for in  this  Agreement  shall  terminate  immediately,
               except as to any accrued and unpaid Base Salary prorated  through
               the date of  termination  and any  Benefits  or amounts  owed for
               Reimbursable   Expenses   incurred  by  Employee  prior  to  such
               termination.  Employee will not be deemed to have been terminated
               for Cause until  there has been  delivered  to him a  termination
               notice by Employer's Board.

     6.   Confidentiality and Solicitation.

          (a)  Confidentiality.

               (i)  Confidentiality  of  Information.  Employee  recognizes  and
                    acknowledges  that he will have access to the Trade Secrets,
                    access  to and  knowledge  of  which  are  essential  to the
                    performance of Employee's  duties  hereunder.  Employee will
                    not,  during  the  term of his  employment  by  Employer  or
                    thereafter,  either (A) disclose  such Trade  Secrets to any
                    Person  for any  reason  or  purpose  whatsoever,  except on
                    behalf of Employer for its business purposes during the term
                    of this Agreement,  or (B) make use of any Trade Secrets for
                    his own purposes or for the benefit of any Person, except to
                    the extent  authorized by an agreement  between Employer and
                    any such Person.

               (ii) Return of Confidential  Information.  All samples and copies
                    of Trade Secrets prepared or obtained by Employee during his
                    employment  shall at all times be the  property  of Employer
                    and Employee  shall deliver the same to Employer at any time
                    upon Employer's request,  and in any event shall deliver the
                    same to  Employer  upon the  termination  of his  employment
                    whether or not he has been requested to do so.
<PAGE>
          (b)  Solicitation.  During the Employment Term and one year thereafter
               if and only if Employee were Terminated with Cause, Employee will
               not,  and  will  cause  his   affiliates  to  not,   directly  or
               indirectly,  (i)  solicit  for  employment  by  any  Person,  its
               affiliates or anyone else, any employee or then currently  active
               independent  contractor  of  Employer or its  affiliates,  or any
               person who was an employee or then currently  active  independent
               contractor  of Employer or its  affiliates,  within the six-month
               period  immediately  preceding such  solicitation  of employment,
               other  than such  person  (a)  whose  employment  or  independent
               contractor   relationship  was  terminated  by  Employer  or  its
               affiliate,  or  (b)  who  independently  responded  to a  general
               solicitation  for  employment by Employee or his  affiliates;  or
               (ii) induce or attempt to induce,  any  employee  or  independent
               contractor  of  Employer or its  affiliates,  to  terminate  such
               employee's   employment  or   independent   contractor's   active
               contractual relationship.

          (c)  Specific  Performance.  If there is a breach or threatened breach
               of the  provisions of this Section 6, Employer  shall be entitled
               to an injunction  restraining Employee from such breach,  without
               bond or other  security.  Nothing  herein  shall be  construed as
               prohibiting  Employer from  pursuing any other  remedies for such
               breach or threatened breach.

         7.       Covenant Not to Compete.

          (a)  Non-Competition   Covenant.   In  return  for  the  consideration
               described in Section 4,  Employee  agrees that he shall not for a
               period of one year from the  termination of his  employment  with
               Employer if and only if Employee were terminated with Cause, (the
               "Non-Competition Term") in any manner whatsoever, either directly
               or  indirectly,   with  any  Person  in  each  case,  within  the
               Geographic Area:

               (i)  provide or offer to  provide  to any  Person  any  services,
                    information or other assistance  relating to the business of
                    Employer  or of any of its  affiliates  (as of the  date  of
                    termination of Employee's employment) or with respect to any
                    customer,  client or  prospective  customer  or  client,  of
                    Employer or of any of its  affiliates  in each case,  within
                    the Geographic Area;

               (ii) own, operate,  engage in,  participate in, or contribute to,
                    alone or as a partner,  joint  venture,  officer,  director,
                    member, employee,  consultant, agent, independent contractor
                    or stockholder  of, or lender to, or in any other  capacity,
                    in each case, any real estate, timeshare product, service or
                    product,  or other  which is the same  as,  similar  to,  or
                    competes  with  Employer  or  its  affiliate's  services  or
                    products or which compete with  Employer or its  affiliate's
                    business;

<PAGE>
               (iii)(A) call on any Acquisition  Candidate with the knowledge of
                    such Acquisition Candidate's status as such, for the purpose
                    of  acquiring,   or  arranging  the   acquisition  of,  that
                    Acquisition  Candidate by any Person other than  Employer or
                    its affiliates, (B) induce any Person which is a customer of
                    Employer  or  its   affiliates  to  patronize  any  business
                    directly or  indirectly  in  competition  with the  business
                    conducted  by  Employer  or  its  affiliates;  (C)  canvass,
                    solicit  or accept  from any Person  which is a customer  of
                    Employer or its affiliates,  any such competitive  business;
                    or (D)  request or advise any Person  which is a customer of
                    Employer  or its  affiliates,  or its or  their  successors;
                    "Acquisition  Candidate" means (I) any Person engaged in the
                    Timeshare  Business,  or the purchase or development of real
                    estate  with  the  purpose  of  engaging  in  the  Timeshare
                    Business or (II) any project with  respect to the  Timeshare
                    Business,  and in either  case (i)  which  was  called on by
                    Employer or its affiliates,  in connection with the possible
                    acquisition  by Employer or its affiliates of that Person or
                    project,   or  (ii)  with  respect  which  Employer  or  its
                    affiliates has made an acquisition analysis.

          (b)  Employee  agrees and  understands  that  Employer's  business  is
               highly  competitive  and that Employer has invested  considerable
               sums of money in developing real estate and timeshare  properties
               and services,  training  programs,  sales  programs,  pricing and
               marketing  formulas  and  programs,  and account  records for the
               proper servicing of its clients and potential clients.

          (c)  Employee  further  agrees and  understands  that this covenant is
               necessary for the  protection  of Employer due to its  legitimate
               interest in protecting  its business  goodwill and Trade Secrets.
               Employee  further  agrees and  understands  that,  because of the
               legitimate  interest  of  Employer  in  protecting  its  business
               goodwill and Trade Secrets as well as the extensive  confidential
               information  and special  knowledge  received  by  Employee  from
               Employer,  the  restrictions  enumerated  in Section 7(a) are not
               oppressive and are, in fact, reasonable. Employee also agrees and
               understands  that,  due to the necessity of this covenant and the
               adequate  consideration  supporting  it, this  covenant  does not
               prevent  competition,  and in fact,  it  encourages  Employer  to
               entrust Employee with Trade Secrets.

          (d)  If a court of competent jurisdiction determines that the scope of
               any  provision  of this  Section 7 is too broad to be enforced as
               written, the parties intended that the court reform the provision
               to such narrower  scope as it  determines  to be  reasonable  and
               enforceable.

          (e)  Employee  agrees that if he breaches this covenant he will submit
               to the rendition of a temporary  restraining order, without prior
               notice,  and thereafter to a temporary and permanent  injunction.
               Further,  Employee  agrees to the  jurisdiction of an appropriate
               court  in  Harris  County,  Texas,  for the  enforcement  of this
               covenant.

          8.   Miscellaneous.

          (a)  Definitions. The following terms have the indicated meanings.

<PAGE>
               (i)  Base Salary - defined in Section 4(a).

               (ii) Cause -

                    (A)  the failure of Employee  to  substantially  perform his
                         covenants and duties  described  herein (other than any
                         such failure resulting from Total Disability); provided
                         that  Employee  has been  notified  in  writing of such
                         failure  and in which  notice the  specific  details of
                         such failures are provided to Employee with  reasonable
                         and adequate  time to remedy the failures as specified;
                         provided that in the event the parties  cannot agree to
                         a reasonable time period, the period shall be 90 days;

                    (B)  the  engaging  by  Employee  in  willful,  reckless  or
                         grossly   negligent   misconduct  which  is  materially
                         injurious  to  Employer  or  any  of  its   affiliates,
                         monetarily or otherwise;

                    (C)  the misappropriation of Employer funds;

                    (D)  Employee's   commission   of  an  act  of   dishonesty,
                         affecting Employer or its affiliates, or the commission
                         of an act constituting common law fraud or a felony; or

                    (E)  A  determination  of "Cause" shall  require  Employee's
                         Board of  Directors to make such a  determination  at a
                         Regular  Meeting  or  Special  Meeting  held  for  such
                         purpose by a vote of  two-thirds  of the  disinterested
                         Directors.

               (iii)Change of  Control - is deemed to have  occurred  (A) if any
                    "person" as such term is used in Sections 13(d) and 14(d) of
                    the Securities  Exchange Act of 1934, as then in effect,  is
                    or becomes the  "beneficial  owner" as defined in Rule 13d-3
                    under such Act,  directly or  indirectly,  of  securities of
                    Employer  representing  50% or more of the  combined  voting
                    power of Employer's then outstanding equity securities,  (B)
                    if any Change of Control as defined in the Option  Agreement
                    dated  as of  December  1,  1998  between  the  Company  and
                    Employee  occurs,  or (C) the date on which Employer's Board
                    terminates Employee's services.

               (iv) Geographic  Area - the  geographic  market  areas  (and  the
                    specific  countries and states located  therein) of Employer
                    or its affiliates in which  Employer is conducting  business
                    at the time of the expiration of Employee's  employment with
                    Employer or its affiliates,  specifically including, without
                    limitation, the United Mexican States.

               (v)  Person - a natural person, firm,  corporation,  association,
                    partnership   (general  or   limited),   limited   liability
                    corporation,  syndicate,  governmental  body,  or any  other
                    entity.
<PAGE>
               (vi) Reimbursable Expenses - all properly documented,  reasonable
                    and necessary expenses incurred by Employee on behalf of and
                    in connection with the business of Employer.

               (vii) Termination Notice - notice under Sections 1(a) or 1(b).

               (viii) Total  Disability  - illness or other  physical  or mental
                    disability of Employee  which shall continue for a period of
                    at least 60 consecutive days or four months in the aggregate
                    during any 12-month period during the Employment Term, which
                    such  illness  or  disability  shall make it  impossible  or
                    impracticable  for Employee to perform any of his duties and
                    responsibilities hereunder.

               (ix) Timeshare Business - the business of purchasing, developing,
                    marketing,   selling  and   financing   timeshare   vacation
                    intervals.

               (x)  Trade Secrets - Employer and its affiliates'  proprietary or
                    confidential  information,  including but not limited to the
                    following:   trade  secret  information,   ideas,  concepts,
                    software,  designs,  drawings,   techniques,  models,  data,
                    documentation, research, development, processes, procedures,
                    business  acquisition  or  disposition  plans,  "know  how,"
                    marketing   techniques   and   materials,    marketing   and
                    development  plans,  customer  names and  other  information
                    related to customers, price lists, pricing policies, details
                    of customer,  distributor,  agency or consultant  contracts,
                    financial  information and any other information relating to
                    the business,  customers, trade, trade secrets or industrial
                    practices of Employer;  provided that, "Trade Secrets" shall
                    not include  information that: (A) at the time of disclosure
                    is  in  the  public  domain;  or  (B)  after  disclosure  is
                    published or otherwise  becomes a part of the public  domain
                    through no act or omission  of  Employee  or his  affiliates
                    (but  only  after,   and  only  to  the  extent  that,  such
                    information  is published  or otherwise  becomes part of the
                    public domain).

               (xi) Triggering  Event.  - Following a Change of Control,  (A) if
                    Employee terminates employment with Employer within nine (9)
                    months  after  such  Change  of  Control;   (B)  the  actual
                    termination of this Agreement by Employer  without Cause; or
                    (C) except as expressly provided herein,  Employer's refusal
                    to  renew  this  Agreement  for any  one-year  term  for any
                    reason, in each case, other than:

                    (1)  Employee's  voluntary   termination  other  than  under
                         proviso (A) above;

                    (2)  Termination of employment for Cause; or

                    (3)  Termination  of  employment  upon  the  death  or Total
                         Disability.
<PAGE>
          (b)  Severability.  To the extent that any provision of this Agreement
               may be deemed or determined to be  unenforceable  for any reason,
               such  unenforceability  shall  not  impair  or  affect  any other
               provision,  and this Agreement shall be interpreted so as to most
               fully give effect to its terms and still be enforceable.

          (c)  Scope of Agreement.  This Agreement  constitutes the whole of the
               agreement between the parties on the subject matter,  superseding
               all  prior   oral  and   written   conversations,   negotiations,
               understandings,  and  agreements in effect as of the date of this
               Agreement.

          (d)  Notices.  Any notice or request to be given  hereunder  to either
               party  hereto  shall be deemed  effective  only if in writing and
               either (i)  delivered  personally  to Employee  (in the case of a
               notice to Employee) or to the Board of Employer,  or (ii) sent by
               certified or registered mail,  postage prepaid,  to the addresses
               set forth on the  signature  page hereof or to such other address
               as either  party  may  hereafter  specify  to the other by notice
               similarly served.

          (e)  Assignment.  This Agreement and the rights and obligations of the
               parties hereto shall bind and inure to the benefit of each of the
               parties  hereto,  and shall also bind and inure to the benefit of
               Employee's heirs and legal  representatives  and any successor or
               successors  of  Employer  by  merger  or  consolidation  and  any
               assignee of all or substantially  all of Employer's  business and
               properties;  except  as to any  such  successor  or  assignee  of
               Employer,  neither  this  Agreement  nor any  duties,  rights  or
               benefits  hereunder  may be  assigned  by Employer or by Employee
               without the express written  consent of Employee or Employer,  as
               the case may be.

          (f)  Governing Law, Construction and Submission to Jurisdiction.  This
               Agreement  shall be construed and enforced in accordance with the
               laws of the State of Texas without reference to its choice-of-law
               principles.  Each party hereto has had adequate opportunity to be
               represented by qualified counsel and, accordingly, this Agreement
               shall not be interpreted  against either party.  If any action is
               brought to enforce or interpret  this  Agreement,  venue for such
               action  will  be in  Harris  County,  Texas.  In the  event  that
               Employee  shall not be paid by  Employer  any  payments  required
               hereunder as a result of a Change of Control,  Employee  shall be
               entitled  to bring an action for such  purpose in Harris  County,
               Texas and if it is proven that he is entitled to such payments he
               shall be entitled to reasonable  attorney's  fees and expenses as
               well as  additional  damages  equal  to his Base  Salary  for the
               period in which the action is pending and unresolved.

          (g)  Modification.  No  amendment,   modification  or  waiver  of  any
               provision hereof shall be made unless it is in writing and signed
               by both of the parties hereto.

          (h)  Termination  of Prior  Agreements.  When this  Agreement  becomes
               effective  it  shall   supersede   all  prior   arrangements   or
               understandings  concerning  Employee's  employment by Employer or
               Employer.

          (i)  Headings.   The  headings  in  this   Agreement  are  solely  for
               convenience of reference and shall not affect its interpretation.
<PAGE>
          (j)  No Waiver. No failure on the part of any party hereto at any time
               to require the performance by any other party of any term of this
               Agreement  shall be taken or held to be a waiver  of such term or
               in any way affect such party's right to enforce such term, and no
               waiver on the part of either party of any term of this  Agreement
               shall be taken or held to be a waiver of any other term hereof or
               the breach thereof.

          (k)  Counterparts.   This   Agreement  may  be  executed  in  separate
               counterparts, each of which when so executed shall be an original
               but all of such  counterparts  shall together  constitute but one
               and the same instrument.

                          [NEXT PAGE IS SIGNATURE PAGE]

<PAGE>

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

                                            RAINTREE RESORTS INTERNATIONAL, INC.

                                         By:  /s/ Douglas Y. Bech
                                              ---------------------
                                             Douglas Y. Bech
                                             Chairman

                                            Brian R. Tucker

                                         By: /s/ Brian Tucker
                                            ----------------------
                                             Name:  Brian R. Tucker, Personally

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