Document:

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                                                                    Exhibit 10.6

                            ASSET PURCHASE AGREEMENT
                            ------------------------

         This Asset Purchase Agreement ("Agreement") made and entered into as of
the 1st day of October, by and between First Consumer Credit, L.L.C. ("Seller"),
a Texas limited liability company, with offices located at 12740 Hillcrest Road,
Suite 240 Dallas, Texas 75230, and Home Credit Acquisition, Inc. ("Buyer"), with
offices located at 750 State Highway 121 Bypass, Suite 170, Lewisville, Texas
75067.

                                    RECITALS:
                                    ---------

         WHEREAS, Seller and Buyer are parties to that certain Agreement and
Plan of Merger (the "Merger Agreement") which provides for the merger of Buyer
into Seller (the "Merger");

         WHEREAS, Section 2.6 of the Merger Agreement contemplates the sale of
at least $1.2 million of Retail Installment Obligations by Seller to Buyer prior
to the Merger; and

         WHEREAS, the Seller desires to sell to Buyer, and Buyer desires to
purchase from Seller, certain Retail Installment Obligations upon and subject to
the terms set forth herein.

         NOW, THEREFORE, in consideration of the foregoing and the covenants
contained herein, the parties hereby agree as follows:

                                    AGREEMENT

         1.  Definitions. Whenever used herein, the following words and phrases
             -----------
shall have the following meanings:

         "Including" shall mean including without limitation; and references to
          ---------
agreements shall include all Attachments and schedules and, unless otherwise
indicated, all amendments and modification thereto.

         "Obligor" means, with respect to any RIO, the customer or customers
          -------
thereunder and / or those persons or entities obligated thereunder.

         "Person" means any individual, corporation, partnership, joint venture,
          ------
association, joint stock company, trust (including any beneficiary thereof),
unincorporated organization, or government, or any agency or political
subdivision thereof.

         "Retail Installment Obligation" ("RIO") means the retail installment
          -----------------------------
contract and the document or documents which evidence the obligations of the
Obligors to pay for the home improvements sold and/or installed by Seller's
assignors, such term includes the retail installment contract, work order or
purchase contract, notices of rescission, completion certificates, promissory
notes and security interests, if any. "RIO" shall represent both singular and
plural, meaning one retail installment contract or multiple retail installment
contracts, as the context so indicates.

         2.  Sale and Purchase of RIO. Seller hereby sells, transfers, assigns
             ------------------------
and conveys to Buyer, and Buyer hereby purchases from Seller, the following:

         (a) all of Seller's right, title and interest in and to the RIOs as set
             forth on the list attached hereto, including all payments of
             principal and interest thereon which are not posted by

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             Seller on or before the applicable cut-off date as may be agreed
             upon by Buyer and Seller (in each case, a "Cut-Off Date");

         (b) all liens or security interests relating to or created by such RIO;

         (c) all of Seller's rights with respect to any escrowed or impounded
             amounts respecting such RIO;

         (d) all of Seller's rights to insurance proceeds or insurance policies
             relating to such RIO or the underlying real or personal property;

         (e) all of Seller's rights, privileges, and remedies relating to such
             RIO;

         (f) all documents, agreements, notices, instruments and assignments of
             any kind relating to the RIO;

         (g) all of the items described more fully in Section 4; and

         (h) all proceeds of any of the foregoing;

         No liabilities or obligations of Seller under or relating to any RIO or
otherwise are being assumed by Buyer hereunder, nor shall any such liabilities
be assumed by Buyer by virtue of entering into this Agreement or purchasing any
RIO.

         3.  Purchase Price And Method Of Payment. In consideration of the
             ------------------------------------
transfer to the Buyer of a RIO, the Buyer agrees to pay to the Seller the
principal balance of each RIO plus accrued interest. A complete listing of all
RIO purchased including outstanding balance and accrued interest is attached
hereto. Any payments received by Seller prior to the date of closing that have
not been credited in the foregoing calculation shall be credited to Buyer.
Payment of the principal balance plus any unpaid accrued interest on the RIO up
to the Date of Closing shall be made at or on the Date of Closing. All payments
shall be made to the Seller via wire transmittal. Payment in the amount of
$1,414,682.73 has been delivered to Seller, the receipt and sufficiency of which
is acknowledged by Seller.

         4.  Further Conditions Precedent to Each Purchase. Buyer shall receive
             ---------------------------------------------
on or before the date of purchase, in form and substance reasonably satisfactory
to Buyer, Seller's complete original file with respect to each RIO to be
conveyed to Buyer, including:

         (a) The credit application completed and signed by the Obligor(s);

         (b) The original of each retail installment obligation, note, or other
             evidence of indebtedness, mortgage, trust deed, security agreement
             or other security instrument pertaining to each RIO.

         (c) Duly executed assignments and notices of assignments (each, an
             "Assignment") of any and all security interests, securing the
             obligations of the Obligor(s) under the RIO in a form sufficient to
             transfer from Seller to Buyer all of Seller's right, title and
             interest in the applicable security interests, satisfactory to
             Buyer and recordable as provided by law;

         (d) The work orders, rescission notices and completion certificates
             with respect to each RIO and the underlying sale of the home
             improvement goods and services, all properly executed and dated;
             and

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         (e) Seller's books, records, ledger cards, plus all certificates of
             title, appraisals, opinions or abstracts of title, certificates or
             policies pertaining to title insurance, hazard insurance, credit
             life or disability insurance, or any other certificate or document
             pertaining to the RIO.

         5.  Representations, Warranties, and Covenants of Seller. The Seller
             ----------------------------------------------------
hereby represents, warrants and covenants to Buyer as follows:

         (a) Organization. Seller is a legal entity duly organized, validly
             ------------
             existing, and in good standing under the laws of the jurisdiction
             of its incorporation and has the corporate power to own its assets
             and transact the businesses in which it is currently engaged.
             Seller is duly qualified to do business, and is in good standing in
             each jurisdiction in which such qualification is required.

         (b) Title to RIO. Seller holds, and, at the time of the payment of the
             ------------
             purchase price, Seller will convey to Buyer, and Buyer shall be
             vested with, good, valid and marketable title to all of the RIO
             free and clear of all liens.

         6.  Further Representations and Warranties and Covenants of Seller.
             --------------------------------------------------------------
Seller further warrants and covenants with Buyer that:

         (a) Each RIO conveyed to Buyer is the legal, valid and binding
             obligation of the Obligor(s) thereunder enforceable against such
             person(s) in accordance with its terms;

         (b) Each RIO and the origination, collection and servicing practices of
             Seller respecting such RIO, do comply and have at all times
             complied with all relevant federal, state, and local laws,
             ordinances, regulations, orders or rulings, including any state or
             federal consumer protection act, truth-in-lending laws, installment
             lending or consumer credit sale laws;

         (c) Each home improvement applicable to each RIO was properly completed
             in accordance with all applicable federal, state, and local laws,
             ordinances, regulations, orders or rulings, any applicable
             door-to-door cancellation notices were properly provided to the
             Obligors, the price charged was fair, each Obligor has accepted the
             said improvement, and Seller has no actual or constructive
             knowledge of any dispute relating to any such home improvement;

         (d) Each real estate mortgage, deed of trust, mechanic's lien, UCC, or
             other security or lien instrument has been properly signed by each
             person purported to be an Obligor thereon, each mortgage or deed of
             trust has been properly notarized as required by applicable law,
             contains a correct and accurate legal description of the property
             improved or the goods provided, as applicable, and creates a valid,
             recordable and enforceable lien on the property. There are no
             forged or unauthorized signatures of any Obligor, or any guarantor
             or surety for such Obligor, and each Obligor was of full age and
             capacity to enter into the RIO at time of execution;

         (e) Seller is the sole owner of each RIO sold to Buyer. The transfer of
             the RIO to Buyer is valid and enforceable against Seller's
             creditors. The RIO shall not be subject to claims by dealers,
             contractors, sub-contractors, or other persons for participation or
             other interests in the RIO;

         7.  Repurchase and Indemnification. In the event of a breach of any
             ------------------------------
representation, warranty or covenant of Seller, Seller shall at Buyer's request,
immediately repurchase the RIO affected by the

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breach of representation or warranty by paying to Buyer the total purchase price
for such account, plus accrued interest at the RIO rate, plus expenses, less
actual payments received by Buyer after purchase. Said repurchase will be
without any representation, warranty or recourse on part of Buyer.

     8.  Waiver of Jury Trial / Choice of Law and Jurisdiction. Each of the
         -----------------------------------------------------
parties hereto knowingly, voluntarily and intentionally waive any rights it may
have to a trial by jury in respect of any litigation arising out of, under, or
in connection with this Agreement or any attachment hereto, or any course of
conduct, course of dealing or statements (whether verbal or written) made by the
parties herein. The parties hereto agree that any dispute arising from this
Agreement or the matters discussed herein shall be governed under the laws of
the State of Texas. Venue shall reside in the State of Texas.

     9.  Further Assurances. Seller hereby agrees that at any time and from time
         ------------------
to time, at the sole expense of Seller, Seller shall promptly execute and
deliver all further instruments and documents, and take all further action that
may be necessary or desirable, or that Buyer may request, in order to perfect
and protect any security interest granted or purported to be granted hereby or
to enable Buyer to exercise and enforce its right and remedies hereunder with
respect to the RIO. The Seller further hereby agrees to provide Buyer with all
documentation necessary to record and assign each lien in favor of Buyer prior
to funding hereunder.

     10. Waiver. Buyer's failure to exercise any right hereunder shall not
         ------
operate as a waiver of said right, and all rights, unless otherwise provided in
this Agreement, shall continue until all RIO have been fully paid and all
applicable statute of limitation periods have expired with respect to any RIO
under any federal or state law. All rights and remedies herein provided are
cumulative and not alternative.

     11. Notices. Any notice or communication required or permitted hereunder
         -------
shall be in writing and personally delivered, telecopied, mailed by certified
mail, return receipt requested, or delivered by an overnight express courier,
addressed to Seller or Buyer, as the case may be, at the addresses set forth on
the first page of this Agreement.

     12. Severability. If any one or more of the provisions contained in this
         ------------
Agreement for any reason are held to be invalid, illegal, or unenforceable in
any respect, such invalidity, illegality, or unenforceability shall not affect
any other provision thereof and this Agreement shall be construed as if such
invalid, illegal, or unenforceable provision had never been contained herein.

     13. Termination. This agreement may be terminated at any time by either
         -----------
Seller or Buyer upon written notice to the other, provided, however, that such
termination shall not terminate the responsibilities of either party hereunder
to RIO purchased or commitments made to purchase prior to the receipt of such
notice.

     14. Counterparts. This Agreement may be executed in any number of
         ------------
counterparts and each of such counterparts shall for all purposes be deemed to
be an original.

     15. Construction. Wherever the context shall so require, all words herein
         ------------
in the male gender shall be deemed to include the female gender, all singular
words shall include the plural, and all plural words shall include the singular.

     16. Independent Contractor / Fiduciary Responsibilities. Seller and Buyer
         ---------------------------------------------------
agree and understand that under no circumstances is Seller to be considered as,
or represent themselves as, an agent, employee or representative of Buyer.
Seller shall at no time represent to any person, agency or entity that it has
any relationship with Buyer other than one of independent contractor. Seller
shall have absolute discretion as to how it operates. Seller may not ever take
any action on behalf of Buyer that is not

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described herein. Buyer and Seller specifically intend and agree that neither
this Agreement nor the frequency, length, or closeness of dealings between Buyer
and Seller shall create any fiduciary duties between them.

     17. Limited Power of Attorney. Seller hereby irrevocably grants to Buyer a
         -------------------------
limited power of attorney authorizing Buyer to execute Seller's name on any RIO,
note, security instrument, deed, certificate, assignment, check, draft or other
document in order to reasonably carry out the intent of the parties hereto,
subject to the terms and conditions of this Agreement.

     18. Confidentiality. Buyer, its agents, directors, officers, affiliates,
         ---------------
successors, assigns and representatives agree that Buyer shall maintain
information arising under this Agreement regarding Seller's relationship with
any home improvement contractor ("information") in strict confidence, shall not
communicate, disclose or make available all or any part of the information to
any person(s) or entity without the prior written authorization of Seller, and
shall use its best efforts to prevent inadvertent disclosure of all or any part
of the information to any third party or competitor. Buyer further agrees that
it will not exploit, commercially or otherwise, or appropriate for its or any
other person or entity's use, or reproduce in any form, all or any part of the
information other than as anticipated to carry out the intent of this Agreement.

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

SELLER:                                     BUYER:

FIRST CONSUMER CREDIT, L.L.C.               HOME CREDIT ACQUISITION, INC.

By:        /s/ James D. Borschow            By:          /s/ Murray H. Gross
   -----------------------------------         ---------------------------------
   James D. Borschow, President                Murray H. Gross, President

                                       -5-<PAGE>

                                                                    Exhibit 10.7

                              EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT (the "Agreement") is effective as of the 2/nd/
day of October, 2001, and is executed this 2/nd/ day of October, 2001 by and
between FIRST CONSUMER CREDIT, INC., a Texas corporation (the "Company"), and
JAMES D. BORSCHOW (the "Executive").

                              W I T N E S S E T H:

     WHEREAS, Executive is an equity member of First Consumer Credit, LLC (the
"LLC"); and

     WHEREAS, Executive and LLC, along with other parties including U.S. Home
Systems, Inc. ("U.S. Homes"), are parties to an Agreement and Plan of Merger by
and between Home Credit Acquisition Inc., U.S. Home Systems, Inc. and First
Consumer Credit, LLC, and its Members Listed Therein (the "Plan of Merger"); and

     WHEREAS, pursuant to the Plan of Merger, LLC will be converted to the
Company, the Company will become a wholly owned subsidiary of U.S. Homes, and
Executive will be employed as President of Company; and

     WHEREAS, Executive will receive substantial cash and other consideration
pursuant to the Plan of Merger in exchange for his equity ownership in the LLC,
including its goodwill, Confidential Information (as defined herein), and other
assets; and

     WHEREAS, pursuant to this Employment Agreement, Executive will receive
Confidential Information (as defined herein) pertaining to the Company, U.S.
Homes, and its other affiliates; and

     WHEREAS, ancillary to the otherwise enforceable promises contained in the
Plan of Merger, the attachments thereto, and this Agreement, the parties have
entered into noncompetition agreements, as set forth herein and the Plan of
Merger; and

     WHEREAS, the Company desires to employ the Executive in the capacity
hereinafter stated, and the Executive desires to enter into the employ of the
Company in that capacity for the period and on the terms and conditions set
forth herein;

     NOW, THEREFORE, the Company and the Executive represent, warrant, covenant,
and agree as follows:

     1. Employment and Duties. The Company will employ the Executive in the
        ---------------------
capacity of the President of the Company. The Executive agrees that during the
term of this Agreement he will devote substantially all of his business time,
ability, and attention exclusively to the business and interest of the Company
and will execute his duties loyally and solely for the benefit of the Company.
The Executive agrees that he will perform all of the functions generally
considered to be the duties of a President, which include but are not limited
to: generally overseeing the business of the Company; implementing objectives
established by the Board of

EMPLOYMENT AGREEMENT - Page 1

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Directors of the Company; and such other reasonable duties, functions,
responsibilities, and authority in connection with the foregoing as are
consistent with his position as President of the Company and as are from time to
time delegated to the Executive by the Board of Directors of the Company. In
addition, Executive shall have the authority to oversee the relationship between
the Company and First Savings Bank, FSB, Arlington, Texas. As such, the Company
will provide Confidential Information (as defined herein in Paragraph 5) to
allow the Executive to discharge his duties. Pursuant to his duties hereunder,
Executive will create such Confidential Information for the Company solely for
its best interests and will create and promote the Company's goodwill among its
customers, lenders, employees, loan servicing agents, loan purchasers and other
parties with whom it has business relationships.

     2. Term. Subject to the earlier termination of this Agreement in accordance
        ----
with Paragraph 8 hereof, the term of this Agreement shall be three (3) years,
commencing on the date first set out above and terminating on the 2/nd/ day of
October, 2004 (such period to be referred to as the "Term"). The Term will be
automatically extended for consecutive one year periods, unless either party
gives notice that it does not intend to renew the Agreement at any time within
ninety (90) days prior to the expiration of the Term.

     3. Compensation. In consideration of all of the services to be rendered by
        ------------
the Executive to the Company hereunder, the Company hereby agrees to pay the
Executive, and the Executive hereby agrees to accept from the Company, the
following compensation:

        (a) Annual Salary. During the term of this Agreement, the Company will
            -------------
     pay the Executive a base annual salary of $180,000 which salary will be
     payable in equal semi-monthly installments ("Annual Salary"). The Annual
     Salary shall be reviewed for increase annually by the Board of Directors of
     the Company. The Annual Salary may not be reduced during the Term and shall
     be increased on an annual basis by the Consumer Price Index published by
     the Bureau of Labor Statistics for the Dallas-Fort Worth area.

        (b) Bonus. In addition to the base Annual Salary payable to the
            -----
     Executive hereunder, the Company shall pay to the Executive an annual cash
     bonus in an amount equal to five percent (5%) of the actual pretax profits
     of the Company for such fiscal year taking into account all loss carry
     forward of the Company for all prior monthly periods from the inception of
     the Company. The Company shall advance 50 percent of the earned bonus on a
     quarterly basis. Such advance shall be payable in cash within 30 days after
     the end of each fiscal quarter. Within forty-five (45) days after the end
     of such fiscal year, the Company will pay the remaining unpaid bonus or, if
     the advance exceeds the actual bonus, Executive shall repay the excess.

        (c) Health Insurance. During the term of this Agreement, the Company, at
            ----------------
     its sole expense, will provide the Executive and his family with a health
     insurance plan equal to that which is provided to the other officers and
     employees of the Company.

        (d) Car Allowance. During the term of this Agreement, the Company shall
            -------------
     pay the Executive Seven Hundred and Fifty Dollars ($750.00) per month as a
     car allowance. Neither this car allowance or this Agreement shall make the
     Company the

EMPLOYMENT AGREEMENT - Page 2

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      owner, bailee or lessee of the Executive's automobile nor shall the
      Company be responsible for any damage to same.

        (e) Expenses. During the term of this Agreement, the Executive shall be
            --------
     entitled to receive reimbursement for all reasonable expenses incurred by
     the Executive in connection with the fulfillment of his duties herein;
     provided the Executive has complied with all policies and procedures
     relating to the reimbursement of such expenses as may from time to time be
     established by the Company including, but not limited to, the providing of
     all supporting backup to such expenses as is required by the Internal
     Revenue Service.

     4. Severance. During the term of this Agreement, on dismissal or
        ---------
termination of employment of the Executive other than for Just Cause (as
hereinafter defined), death or disability, the Company shall make a cash
severance payment to the Executive in an amount equal to the greater of (a)
Executive's Annual Salary (exclusive of Bonus) for the remainder of the Term or
(b) one year's Annual Salary exclusive of Bonus, provided, however, that, if the
Company elects not to renew this Agreement pursuant to Paragraph 2, the Company
will be obliged to pay only the Executive's Annual Salary and Bonus for the
remainder of the Term. The severance payment shall be paid out in equal monthly
installments over the remaining Term or a one year period less any taxes
required to be withheld by federal, state or local law in respect to any payment
in cash.

     5. Nondisclosure Agreement. Executive acknowledges and agrees that,
        -----------------------
pursuant to the Plan of Merger, he has agreed to maintain the confidentiality of
all Confidential Information (as defined herein) created by the Company prior to
the Closing (as that term is defined in the Plan of Merger). The Executive also
acknowledges that during his term of employment with the Company, he shall have
access to and become familiar with Confidential Information (as defined herein)
that is owned by the Company, U.S. Homes, and their Affiliates (as that term is
defined in the Plan of Merger) and that is regularly used in the operation of
the business of the Company, U.S. Homes, and their Affiliates. For purposes of
this Agreement, "Confidential Information" means all information, research,
computer software, or programs and related documentation, practices, technical
plans, customer lists, loan servicing agreements, loan purchasing and re-sale
agreements and programs, pricing techniques, marketing plans, development plans,
feasibility studies, acquisition programs, financial information or all other
compilations of information related to the business of and owned by the Company,
and that has not been disclosed by the Company to the general public or that
does not exist in the public market. During the Noncompetition Period (as
defined below), the Executive shall not use or disclose any of the Confidential
Information, directly or indirectly, either during the term of his employment or
at any time thereafter, except as required in the course of his employment. The
Executive shall promptly deliver to the Company upon termination of his
employment all files, records, documents, information, data, and similar items
and documentation relating to the business of the Company, whether prepared by
the Executive or otherwise coming into his possession. The obligations of this
Paragraph 5 and 6 are continuous and shall survive the termination of the
Executive's employment with the Company.

EMPLOYMENT AGREEMENT - Page 3

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     6. Noncompetition Agreement. Ancillary to the otherwise enforceable
        ------------------------
agreements contained in the Plan of Merger, the attachments thereto, and this
Agreement, and to protect the Company's goodwill, Confidential Information, and
other legitimate business interests (including the interests of U.S. Homes in
the Plan of Merger and with respect to the goodwill and Confidential Information
of U.S. Homes and its Affiliates), the Executive agrees that:

        (a) During the "Noncompetition Period" (as herein so defined), Executive
     shall not, directly or indirectly, acquire, invest in, or otherwise engage
     (whether as an employee in a managerial, executive or supervisory capacity,
     director, officer, member, manager, or as a consultant) in the Business (as
     hereafter defined) in the Restricted Area (as hereafter defined). For
     purposes of this Agreement, the terms (i)"Business" shall be defined as
     originating, selling, buying, or servicing residential home improvement
     loans and the providing of home improvement services similar to that
     provided by the Company (except that the Executive may invest in up to five
     percent (5%) of any outstanding class of equity securities of any company
     registered under Paragraph 12 of the Securities Exchange Act of 1934, as
     amended); and (ii) "Restricted Area" shall mean the State of Texas or any
     State where the Company has made, bought, serviced, or sold home
     improvement loans within a twelve month period preceding the termination of
     Executive's employment;

        (b) During the Noncompetition Period, Executive shall not directly or
     indirectly, whether as an employee in a managerial, executive or
     supervisory capacity, director, officer, member, manager, or as a
     consultant, (i) solicit, or attempt to solicit or accept business that is
     competitive with such business being conducted by the Company, U.S. Homes,
     or its Affiliates in the Restricted Area; or (ii) engage, hire, employ, or
     solicit in any manner whatsoever the employment of an employee of the
     Company; or (iii) interfere in any business relationship or contract
     between the Company and its customers, lenders, or financial institutions.

        (c) During the Noncompetition Period, the Executive shall not knowingly
     seek or accept, directly or indirectly, personal gain from anyone
     soliciting business with the Company, U.S. Homes or its Affiliates, (ii)
     any person or firm doing business with the Company, U.S. Homes or its
     Affiliates, and (iii) any person or firm in business competition with the
     Company, U.S. Homes or its Affiliates. The preceding sentence shall not
     apply to any gifts, meals, and entertainment of a nominal value if the
     Executive's objective is to perform in the best interest of the Company and
     all Related Parties would not be adversely affected.

        (d) The "Noncompetition Period" shall be the Term of this Agreement and
     such additional periods as set forth in this subparagraph. If (i)
     Executive's employment is terminated by the Company for Just Cause; or (ii)
     Executive resigns his employment or elects not to renew this Agreement for
     any reason other than those set forth in Paragraph 7(c), then the
     Noncompetition Period shall be extended for two years after the termination
     of Executive's employment under this Agreement. If (x) Executive's
     employment is terminated without Just Cause; or (y) the Company elects not
     to renew the Agreement pursuant to Paragraph 2; or (z) Executive resigns
     his employment for any

EMPLOYMENT AGREEMENT - Page 4

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     "Good Reason" set forth in Paragraph 7(c), the Noncompetition Period may be
     extended by the Company for one year following the termination of
     Executive's employment, but only if the Company pays Executive fifty
     percent (50%) of his Annual Salary (at the rate as of the time of the
     termination). Such payments will be made in 12 equal monthly installments
     commencing on the thirtieth day following the termination of Executive's
     employment.

        (e) Due to the irreparable and continuing nature of the injury which
     would result from a breach of any of the covenant contained in Paragraphs 5
     or 6, Executive agrees that Company (or U.S. Homes or its Affiliates) may,
     in addition to any remedy which the Company (or U.S. Homes or its
     Affiliates) may have at law or in equity, apply to any court of competent
     jurisdiction for the entry of an immediate order to restrain or enjoin the
     breach of this covenant and to otherwise specifically enforce the
     provisions of this covenant.

        (f) The Executive recognizes that the foregoing territorial and time
     limitations are reasonable and properly required for the adequate
     protection of the business of the Company and that if any such territorial
     or time limitation is found to be unreasonable by a court of competent
     jurisdiction, the Executive agrees and submits to the reduction of either
     said territorial or time limitation to such an area or period as appears
     reasonable to such court. Provided however, if the Company shall
     successfully enforce its injunctive rights hereunder in a court of
     competent jurisdiction, the terms of this covenant shall be extended by the
     period of time, if any, that the Executive was not restrained or enjoined
     from competing with the Company during the pendency of the court
     proceedings.

        (g) The existence of any potential or alleged claim or cause of action
     of the Executive against the Company, U.S. Homes, or its Affiliates,
     whether predicated on this Agreement or otherwise, except as provided in
     the Escrow Agreement and the Borschow Agreement, will not constitute a
     defense to the enforcement by any party of the covenants contained in this
     Agreement. An alleged or actual breach of the Agreement by the Company,
     U.S. Homes, or its Affiliates will not be a defense to enforcement of the
     provisions of this Paragraph or other obligations of Employee to any such
     party.

        (h) In consideration of the Executive's noncompetition agreement with
     the Company, after the Executive's employment terminates, the Company and
     the Executive agree that the Executive's employment, a portion of the
     Executive's Annual Salary and all of the Executive's severance pay, if any,
     shall be considered payment for the Executive's noncompetition agreement.

        (i) The Executive's covenants in Paragraph 5 and this Paragraph 6 shall
     terminate and be of no further effect if US Homes or the Company cease to
     conduct the Business, dissolve, or become subject to a petition in
     bankruptcy or if the Executive's employment is terminated other than for
     Just Cause.

     7. Termination of Agreement. This Agreement (other than the provisions of
        ------------------------
Paragraphs 4, 5, 6, 8, 9, 10, 13, 14, 15, 16, 17, 18, and 19, which shall
survive such termination) may be terminated as provided herein:

EMPLOYMENT AGREEMENT - Page 5

<PAGE>

                (a) The Agreement (other than the provisions of Paragraphs 4, 5,
         6, 8, 9, 10, 13, 14, 15, 16, 17, 18, and 19) will be terminated by any
         of the following events:

                    (i)   By the mutual written agreement of the Company and the
                Executive,

                    (ii)  Automatically on the death of the Executive;

                    (iii) By the Company, at its option, at any time if the
                Executive's conduct or performance is found to be in violation
                of the provisions of Paragraph 7(b)(i) or 7(b)(ii);

                    (iv)  By the Company, at its option, at any time if the
                Executive fails to comply with the provisions of subsections
                (iii) , (iv) , (v) and (vi) of Paragraph 7(b) and if the
                Executive does not cure such failure within thirty (30) days
                after written notice thereof to the Executive (such right of
                cure to be available only for those acts or omissions which may
                be reasonably cured by further action by the Executive);

                    (v)   If the Executive becomes unable to perform his duties
                as described herein due to injury, illness, or disability
                (physical or mental) for such length of time, either during one
                (1) consecutive period of one hundred eighty (180) days or for
                three hundred sixty (360) days cumulatively during an eighteen
                month period, which incapacity is, in the Company's judgment,
                prejudicial to the Company's best interests; or

                    (vi)  If the Company terminates Executive's employment
                without Just Cause (but, in such event, the Company shall pay
                the Severance set forth in Paragraph 4); or

                    (vii) If the Executive resigns his employment.

                (b) Definition of "Just Cause". For purposes hereof, the Company
                    -------------------------
         shall have "Just Cause" to terminate the Executive's employment
         hereunder in any of the following events:

                    (i)   the performance of his duties in a grossly negligent
                manner;

                    (ii)  the commission by the Executive of any felony, any act
                of fraud, embezzlement, or misappropriation materially
                prejudicial to the Company's best interest;

                    (iii) any breach by the Executive of any of the terms of, or
                the failure to perform any covenant or agreement contained in
                this Agreement;

                    (iv)  the refusal of the Executive to perform acts or
                services commensurate with the Executive's position as the
                President, as and when

EMPLOYMENT AGREEMENT - Page 6

<PAGE>

         reasonably requested, from the Board of Directors of the Company,
         except in those circumstances in which the performance of such act or
         service would be a violation of any valid and existing law;

                (v)   the failure or refusal of the Executive to devote
         substantially all of his business time, ability, attention, efforts,
         and energy to the Company during regular business hours as provided
         herein; or

                (vi)  the failure, either intentionally or with gross
         negligence, of the Executive to materially comply with the Company
         policy or applicable law, including, without limitation, its policies
         concerning harassment and discrimination in the workplace.

         (c)    Resignation for Good Reason. The Executive's employment shall be
                ---------------------------
     deemed to have been terminated other than for Just Cause and for "Good
     Reason" (as herein so used), if Executive tenders his resignation within
     thirty (30) days of the occurrence of any of the following events:

                (i)   any material breach by the Company of any of the terms of,
         or the failure to perform any covenant or agreement contained in this
         Agreement;

                (ii)  any substantial reduction in title, position,
         responsibilities, or duties of the Executive;

                (iii) any reduction in the Annual Salary; or

                (iv)  the transfer of the Executive's office to a location other
         than in Collin County, Texas or any county adjacent thereto.

     8.  Notices. Any notice or communication required or permitted hereunder
         -------
shall be in writing and personally delivered or mailed by certified mail, return
receipt requested, or delivered by an overnight express courier, addressed to
the Company or the Executive, as the case may be, at the addresses set forth
below:

     If to the Company:                  FIRST CONSUMER CREDIT, INC.
     -----------------
                                         750 State Highway 121 Bypass, Suite 170
                                         Lewisville, Texas 75067

     If to the Executive:                JAMES D. BORSCHOW
     -------------------
                                         12740 Hillcrest, Suite 240
                                         Dallas, Texas 75230

     Any parties' address for notice may be changed by written notice
delivered to the other party in accordance with this paragraph. Any notice by
certified mail shall be deemed delivered upon actual receipt.

EMPLOYMENT AGREEMENT - Page 7

<PAGE>

        9.  Entire Agreement. This Agreement constitutes the entire agreement
            ----------------
among the parties hereto relating to the subject matter hereof, and supersedes
all prior agreements and understandings, whether oral or written, with respect
to the same. No modification, alteration, amendment, or rescission of or
supplement to this Agreement shall be valid or effective unless the same is in
writing and signed by all parties hereto.

        10. Texas Law to Apply. This Agreement shall be construed under and in
            ------------------
accordance with the laws of the State of Texas, and all obligations of the
parties created hereunder to be performed in Dallas County, Texas.

        11. Other Instruments. The parties hereto covenant and agree that they
            -----------------
will execute such other instruments and documents as are or may become necessary
or convenient to effectuate and carry out this Agreement.

        12. Headings. The headings used in this Agreement are used for
            --------
administrative purposes only and do not constitute substantive matters to be
considered in construing the terms of this Agreement.

        13. Parties Bound. This Agreement shall be binding upon and inure to the
            -------------
benefit of the parties hereto and their respective heirs, executors,
administrators, legal representatives, successors, and assigns where permitted
by this Agreement.

        14. Severability. If any one or more of the provisions contained in this
            ------------
Agreement for any reason are held to be invalid, illegal, or unenforceable in
any respect, such invalidity, illegality, or unenforceability shall not affect
any other provision thereof and this Agreement shall be construed as if such
invalid, illegal, or unenforceable provision had never been contained herein.

        15. Counterparts. This Agreement may be executed in any number of
            ------------
counterparts and each of such counterparts shall for all purposes be deemed to
be an original.

        16. Construction. Wherever the context shall so require, all words
            ------------
herein in the male gender shall be deemed to include the female or neuter
gender, all singular words shall include the plural, and all plural words shall
include the singular.

        17. Cost of Enforcement. In the event attorneys' fees or other costs are
            -------------------
incurred to secure performance of any of the obligations herein provided for, or
to establish damages for the breach thereof, or to obtain any other appropriate
relief, whether by way of prosecution or defense, the prevailing party shall be
entitled to recover reasonable attorneys' fees and costs incurred therein.

        18. Waiver of Breach. Failure of any party to protest a breach by any
            ----------------
other party or waiver by any party of a breach shall not operate as or be
construed as a waiver of rights or remedies as to that breach and a waiver by
any party of a breach shall not operate as or be construed as a waiver of rights
or remedies as to any subsequent breach by any other party.

EMPLOYMENT AGREEMENT - Page 8

<PAGE>

        19. Arbitration. In the event of a dispute as to the application of any
            -----------
of the provisions of this Agreement, the parties hereby agree that the matter or
dispute shall be submitted to arbitration according to the National Rules for
the Resolution of Employment Disputes of the American Arbitration Association.
The matter shall be decided by a single arbitrator selected according to such
rules. The cost of arbitration shall be borne as the arbitrator determine. Each
party shall bear its own respective attorney's fees during the arbitration, but
the arbitrator may award all or part of the reasonable attorney's fees incurred
to the prevailing party. The results of the arbitration shall be binding upon
both sides and no appeal shall be available therefrom. Notwithstanding this
paragraph, the Company may seek a temporary restraining order and a temporary
injunction with regard to the enforcement of the provisions of Paragraphs 5 and
6 prior to or during the pendency of any such arbitration.

        20. Receipt of Copy. The Executive, by his signature below, acknowledges
            ---------------
receipt of a full and complete copy of this Agreement.

        21. Assistance of Counsel. Executive acknowledges and agrees that
            ---------------------
Jackson Walker L.L.P., who is counsel for U.S. Homes, has represented only its
interests in the negotiation and execution of this agreement.

                                             FIRST CONSUMER CREDIT, INC.

                                             By:       /s/ Murray H. Gross
                                                --------------------------------
                                                Murray H. Gross, Chairman & CEO

                                                       /s/ James D. Borschow
                                                --------------------------------
                                                JAMES D. BORSCHOW

EMPLOYMENT AGREEMENT - Page 9

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