Document:

EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT (this
      “Agreement”)
      is
      made and entered into as of the 13th day of March, 2008, by and between
Rubicon
      Real Estate and Mortgages, Inc., a
      California corporation (“RREM”),
      and
      Craig Triance (“Triance”).

    

    W
      I T N E S S E T H:

    

    WHEREAS,
      RREM is
      a wholly-owned subsidiary of Rubicon Financial Incorporated (“RBCF”), a publicly
      traded Delaware corporation with a principal place of business at 19200 Von
      Karman Ave., Suite 350, Irvine, California 92612.

    

    WHEREAS,
      the
      officers, managers and/or directors of RREM and RBCF are of the opinion that
      Triance has education, experience and/or expertise which is of value to RREM
      and
      its stockholders, and

    

    WHEREAS,
      RREM
      and Triance desire to enter into this Employment Agreement, pursuant to which
      Triance shall be employed by RREM, to set forth the respective rights, duties
      and obligations of the parties hereto.

    

    NOW
      THEREFORE,
      in
      consideration of the promises and covenants contained herein, and other good
      and
      valuable consideration, the receipt and sufficiency of which the parties hereto
      acknowledge, RREM and Triance agree as follows:

    

    
      	 	
              1.

            	
              EMPLOYMENT: RREM
                hereby agrees to employ Triance and Triance hereby accepts such
                employment, upon the terms and conditions hereinafter set
                forth.

            

    

    

    
      	 	
              2.

            	
              TERM: For
                purposes of this Agreement, “Term”
                shall mean the original term (as defined in Section
                2.1
                below), if Renewal Term is initiated, then “Term” shall mean the renewal
                term period.

            

    

    

    
      	 	
              2.1

            	
              Original
                Term.
                The Term of this Agreement shall commence on March 15, 2008 and expire
                on
                March 31, 2009 unless sooner terminated pursuant to the terms and
                provisions herein stated.

            

    

    

    
      	 	
              2.2

            	
              Renewal.
                At
                any time prior to the expiration of the Original Term, as stated
                above,
                RREM and Triance may, by mutual written agreement, extend Triance’s
                employment under the terms of this Agreement for such additional
                periods
                as they may agree.

            

    

    

    
      	
            	3.	
              COMPENSATION:

            

    

    

    
      	 	
              3.1

            	
              Salary.
                RREM shall pay Triance a base salary of Eight Thousand Dollars ($8,000)
                per month during the Original Term of this Agreement. Such salary
                shall be
                payable in accordance with RREM’s normal policies but in no event less
                often than semi-monthly (the “Salary”).
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    
      	 	
              3.2

            	
              Stock
                Option Plan/Stock Purchase Plan.
                Triance shall also be eligible to participate in RBCF’s Stock Option Plans
                and Stock Purchase Plans, if any, during the Term of this
                Agreement.

            

    

    

    
      	
            	4.	
              TRIANCE
                BENEFITS:

            

    

    

    
      	 	
              4.1

            	
              General
                Benefits.
                Triance shall be entitled to receive or participate in all benefit
                plans
                and programs of RREM and/or RBCF currently existing or hereafter
                made
                available to executives or senior management of RREM and/or RBCF,
                including but not limited to, medical insurance, dental insurance,
                pension
                and profit sharing plans, 401(k) plans, incentive savings plans,
                stock
                option plans, group life insurance, and other fringe benefits.
                

            

    

    

    
      	 	
              4.2

            	
              Vacation.
                Triance shall be entitled during each twelve (12) month period during
                the
                Term of this Agreement to a vacation of two (2) weeks during which
                time
                Triance’s compensation will be paid in full. Unused days of vacation will
                be compensated in accordance with RREM’s policy as established by RREM
                from time to time. Triance may take the vacation periods at any time
                during the year as long as Triance schedules time off as to not create
                hardship on RREM. In addition, Triance shall have such other days
                off as
                shall be determined by RREM and shall be entitled to paid sick leave
                and
                paid holidays in accordance with RREM’s
                policy.

            

    

    

    
      	
            	5.	
              DUTIES/SERVICE:

            

    

    

    
      	 	
              5.1

            	
              Position. Triance
                is employed as CEO/President and a nominated Member of the Board
                of
                Directors RREM and
                shall perform such services and duties as are defined in Addendum
                A,
                Job Description, attached hereto, and as are normally associated
                with such
                position, subject to the direction, supervision and rules and regulations
                of RREM. 

            

    

    

    
      	 	
              5.2

            	
              Place
                of Employment. The
                place of Triance’s employment and the performance of Triance’s duties will
                be at RREM’s corporate headquarters or at such location as agreed upon by
                RREM and Triance.

            

    

    

    
      	 	
              5.3

            	
              Extent
                of Services.
                Triance shall at all times and to the best of his ability perform
                his
                duties and obligations under this Agreement in a reasonable manner
                consistent with the interests of RREM. The precise services of Triance
                may
                be extended or curtailed, from time to time at the discretion of
                RREM, and
                Triance agrees to render such different and/or additional services
                of a
                similar nature as may be assigned from time to time by RREM.
                

            

    

     

    
      
         

      

      
        -2-

        
          

        

      

      
         

      

    

     

    5.3.1 Except
      as
      otherwise agreed by RREM and Triance in writing, it is expressly understood
      and
      agreed that Triance’s employment is fulltime and of a critical nature to the
      success of RREM and is therefore exclusive. Triance may not be employed by
      other
      entities or otherwise perform duties and undertakings on behalf of others or
      for
      his own interest unless pre-approved by the Board of Directors. RREM
      acknowledges that Triance presently, or may in the future, serve on the Board
      of
      Directors of other companies and such action shall not be a breach of this
      section; provided,
      however,
      that
      such companies either: (a) are listed on Addendum
      B,
      attached hereto; or (b) do not compete with RREM or interfere with the
      performance of Triance’s duties pursuant to this Agreement, as determined in the
      reasonable judgment of the Board of Directors. 

    

    5.3.2 Additionally,
      RREM recognizes that Triance has, or may have in the future, non-passive equity
      positions in other companies, which either: (a) are listed on Addendum
      B
      attached
      hereto; or (b) do not compete with RREM in the reasonable judgment of the Board
      of Directors. RREM recognizes that such equity positions may occasionally
      require some limited attention from Triance during normal business hours.
      However, Triance agrees that if such time is considered excessive by the Board
      of Directors, Triance shall be so advised and noticed by RREM and Triance shall
      be required to make appropriate adjustments to ensure his duties and obligations
      under this Agreement are fulfilled.

    

    
      	 	
              5.4

            	
              Licenses
                and Registrations.
                During the term of this Agreement, Triance shall maintain in good
                standing
                all required licenses and registrations required for the proper
                performance of his duties and
                functions.

            

    

    

    
      	 	
              6.

            	
              TERMINATION: The
                Term of this Agreement shall end upon its expiration pursuant to
                Section
                2
                hereof, provided that this Agreement shall terminate prior to such
                date:
                (a) upon Triance’s resignation, death or permanent disability or
                incapacity; or (b) by RREM at any time for “Cause”
                (as defined in Section
                6.4
                below) or without Cause.

            

    

    

    
      	 	
              6.1

            	
              By
                Resignation.
                If
                Triance resigns with “Good
                Reason”
                (as defined below), this Agreement shall terminate but, Triance shall
                continue to receive, for a one-month period, Triance’s Salary payable in
                periodic installments on RREM’s regular paydays, at the rate then in
                effect. For purposes of this Agreement, “Good
                Reason”
                shall mean: (i) the assignment to Triance of duties substantially
                and
                materially inconsistent with the position and nature of Triance’s
                employment, the substantial and material reduction of the duties
                of
                Triance which is inconsistent with the position and nature of Triance’s
                employment, or the change of Triance’s title indicating a substantial and
                material change in the position and nature of Triance’s employment; or
                (ii) a reduction in compensation and benefits that would substantially
                diminish the aggregate value of Triance’s compensation and benefits
                without Triance’s written consent. If Triance resigns without Good Reason,
                Triance shall be entitled to receive Triance’s Salary only through the
                date of such resignation.

            

    

     

    
      
         

      

      
        -3-

        
          

        

      

      
         

      

    

     

    
      	 	
              6.2

            	
              By
                Reason of Incapacity or Disability. If
                Triance becomes so incapacitated by reason of accident, illness,
                or other
                disability that Triance is unable to carry on substantially all of
                the
                normal duties and obligations of Triance under this Agreement for
                a
                continuous period of thirty (30) days (the “Incapacity
                Period”),
                this Agreement shall terminate. For purposes of the foregoing, Triance’s
                permanent disability or incapacity shall be determined in accordance
                with
                RREM’s disability insurance policy, if such a policy is then in effect,
                or
                if no such policy is then in effect, such permanent disability or
                incapacity shall be determined by RREM’s Board of Directors in its good
                faith judgment based upon Triance’s inability to perform normal and
                reasonable duties and obligations.

            

    

    

    
      	 	
              6.3

            	
              By
                Reason of Death.
                If
                Triance dies during the Term of this Agreement, RREM shall pay to
                the
                estate of Triance any earned Salary only through the date of Triance’s
                death. Other
                death benefits, if any, will be determined in accordance with the
                terms of
                RREM’s benefit plans and programs. 

            

    

    

    
      	 	
              6.4

            	
              For
                Cause.
                If
                the Term of this Agreement is terminated by RREM for Cause Triance
                shall
                be entitled to receive Triance’s Salary only through the date of
                termination. However, if a dispute arises between RREM and Triance
                that is
                not resolved within sixty (60) days and neither party initiates
                arbitration proceedings pursuant to Section 14.8,
                RREM shall have the option to pay Triance the lump sum of two (2)
                months
                base of Triance’s Salary at the time of termination (the “Severance
                Payment”)
                rather than Triance’s Salary through the date of termination. Such
                determination to pay the Severance Payment in lieu of Triance’s Salary
                shall be made in the reasonable judgment of the Board of Directors.
                If
                RREM elects to make a payment to Triance of the Severance Payment,
                the
                parties hereto agree that such payment shall be Triance’s complete and
                exclusive remedy for such a termination for Cause. For purposes of
                this
                Agreement, “Cause”
                shall mean: (i) any act of dishonesty or fraud with respect to RREM;
                (ii)
                the commission by Triance of a felony, a crime involving moral turpitude
                or other act causing material harm to RREM’s standing and reputation;
                (iii) Triance’s continued material failure to perform Triance’s duties to
                RREM after ten (10) days’ written notice thereof to Triance; (iv) any
                “back-dooring” set forth in Section 6.6 below; or (v) gross negligence or
                willful misconduct by Triance with respect to RREM. RREM shall provide
                Triance, within ten (10) days of becoming aware of a “For Cause” breach,
                written notice, which shall include written documentation, if any,
                of the
                “For Cause” breach, as defined above. Upon receipt of the written notice,
                Triance shall have ten (10) days to respond to RREM’s notice and attempt
                to cure or resolve the “For Cause” breach.

            

    

     

    
      
         

      

      
        -4-

        
          

        

      

      
         

      

    

     

    
      	 	
              6.5

            	
              Without
                Cause.
                If, during the Term of this Agreement, RREM terminates Triance’s
                employment without Cause, Triance shall be entitled to receive, for
                a
                two-month period, Triance’s Base Salary, payable in periodic installments
                on RREM’s regular paydays, at the rate then in
                effect.

            

    

    

    
      	 	
              6.6

            	
              Back-Dooring.
                Triance hereby acknowledges and agrees that all loans and other potential
                transactions or contacts established with potential customers of
                RREM
                during Triance’s employment hereby are assumed to be the result of RREM’s
                lead system. Further, leads Triance establishes through any sort
                of
                “call-in” or referral from RREM, RBCF or their respective Affiliates,
                including leads from supplier’s, vendors or associates of RREM, RBCF or
                their respective Affiliates, would be considered a RREM lead. Triance
                shall not take, refer or in any way transfer a RREM lead or in any
                way
                personally profit from a RREM lead, other than as set forth in this
                Agreement. Any violation of this provision shall be grounds for immediate
                termination For Cause and may be considered embezzlement by
                law.

            

    

    

    
      	 	
              7.

            	
              Trade
                Secrets and
                Confidentiality:

            

    

    

    
      	 	
              7.1

            	
              Nondisclosure.
                Without the prior written consent of RREM, Triance shall not, at
                any time,
                either during or after the term of this Agreement, directly or indirectly,
                divulge or disclose to any person, firm, association, or corporation,
                or
                use for Triance’s own benefit, gain, or otherwise, any customer lists,
                plans, products, data, sales leads and related data, or any other
                trade
                secrets or confidential materials or like information (collectively
                referred to as the “Confidential Information”) of RREM and/or its
                Affiliates, as hereinafter defined, it being the intent of RREM,
                with
                which intent Triance hereby agrees, to restrict Triance from disseminating
                or using any like information that is unpublished or not readily
                available
                to the general public.

            

    

    

    
      	 	
              7.1.1

            	
              Definition
                of Affiliate.
                For purposes of this Agreement, the term “Affiliate” shall mean any
                entity, individual, firm, or corporation, directly or indirectly,
                through
                one or more intermediaries, controlling controlled by, or under common
                control with RREM.

            

    

    

    
      	 	
              7.2

            	
              Return
                of Property.
                Upon the termination of this Agreement, Triance shall deliver to
                RREM all
                lists, books, records, data, and other information (including all
                copies
                thereof in whatever form or media) of every kind relating to or connected
                with RREM or its Affiliates and their activities, business and
                customers.

            

    

     

    
      
         

      

      
        -5-

        
          

        

      

      
         

      

    

     

    
      	 	
              7.3

            	
              Notice
                of Compelled Disclosure.
                If, at any time, Triance becomes legally compelled (by deposition,
                interrogatory, request for documents, subpoena, civil investigative
                demand, or similar process or otherwise) to disclose any of the
                Confidential Information, Triance shall provide RREM with prompt,
                prior
                written notice of such requirement so that RREM may seek a protective
                order or other appropriate remedy and/or waive compliance with the
                terms
                of this Agreement. In the event that such protective order or other
                remedy
                is not obtained, that RREM waives compliance with the provisions
                hereof,
                Triance agrees to furnish only that portion of the Confidential
                Information which Triance is advised by written opinion of counsel
                is
                legally required and exercise Triance’s best efforts to obtain assurance
                that confidential treatment will be accorded such Confidential
                Information. In any event, Triance shall not oppose action by RREM
                to
                obtain an appropriate protective order or other reliable assurance
                that
                confidential treatment will be accorded the Confidential
                Information.

            

    

    

    
      	 	
              7.4

            	
              Assurance
                of Compliance.
                Triance agrees to represent to RREM, in writing, at any time that
                RREM so
                request, that Triance has complied with the provisions of this section,
                or
                any other section of this
                Agreement.

            

    

    

    
      	 	
              8.

            	
              RETURN
                OF RREM PROPERTY:
                Triance agrees that upon any termination of his employment, Triance
                shall
                return to RREM within a reasonable time not to exceed two (2) weeks,
                any
                of RREM’s property in his possession or under his control, including but
                not limited to, computer/office automation equipment, records and
                names,
                addresses, and other information with regard to customers or potential
                customers of RREM with whom Triance has had contact or done
                business.

            

    

    

    
      	 	
              9.

            	
              NON-COMPETITION:
                For a period of one (1) year after the termination of this Agreement,
                Triance expressly covenants and agrees that he will not and will
                not
                attempt to, without the prior written consent of RBCF and RREM, directly
                or indirectly own, manage, operate, finance, join, control, or participate
                in the ownership, management, operation, financing, or control of,
                or be
                associated as an officer, director, employee, agent, partner, principal,
                representative, consultant, or otherwise with, or use or permit his
                name
                to be used in connection with, any line of business or enterprise
                that
                competes with RREM, RBCF or each of their respective Affiliates (as
                defined herein) in any business of RREM, RBCF or their respective
                Affiliates, existing or proposed, wherever located, provided that
                Triance
                shall not be prohibited from owning, directly or indirectly, less
                than one
                percent (1%) of the outstanding shares of any corporation, the shares
                of
                which are traded on a National Securities Exchange or in the
                over-the-counter markets. This Section shall not apply to the companies
                identified in Attachment B.

            

    

     

    
      
         

      

      
        -6-

        
          

        

      

      
         

      

    

     

    
      	 	
              10.

            	
              NO
                INTERFERENCE:
                For a period of two (2) years after the termination of this Agreement,
                Triance expressly covenants and agrees that he will not and will
                not
                attempt to, without the prior written consent of RBCF and RREM, directly
                or indirectly interfere with or disrupt or attempt to interfere with
                or
                disrupt or take any action that could be reasonably expected to interfere
                with or disrupt any past or present or prospective relationship,
                contractual or otherwise, between RREM, RBCF and/or any of their
                respective Affiliates, and any customer, insurance company, mortgage
                company, financial services company, supplier, sales representative,
                or
                agent or employee of RREM, RBCF or any of their respective Affiliates.
                This Section shall not apply to the companies identified in Attachment
                B.

            

    

    

    
      	 	
              11.

            	
              NON-SOLICITATION;
                AGREEMENT NOT TO HIRE:
                Triance understands and appreciates that RREM and RBCF invest a tremendous
                amount of time, energy, resources and expertise in the training and
                education of their respective employees and subcontractors to be
                able to
                provide services to clients. Further, Triance understands that in
                the
                event an employee or subcontractor of RREM, RBCF or any of their
                respective Affiliates is enticed to leave, then RREM shall be damaged
                in
                an amount the Parties are not capable of calculating at the present
                time.
                Therefore, Triance agrees not to offer employment or subcontractor
                status
                to any employee or subcontractor of RREM, RBCF or their respective
                Affiliates, nor to allow any person or entity known to Triance to
                offer
                such employment or subcontractor status with Triance or any other
                concern,
                venture or entity with whom Triance may be employed by, associated
                or hold
                a financial stake in, for a period of three (3) years from the date
                of
                expiration or termination of this Agreement. Further, in the event
                an
                employee or subcontractor of RREM, RBCF or their respective Affiliates
                leaves the employ of, dissolves or breaks association with RREM,
                RBCF or
                their respective Affiliates and subsequently establishes employment
                or an
                association of any kind with another financial services company,
                investment banking or other type of competing firm of RREM, RBCF
                or their
                respective Affiliates, Triance agrees not to do business with such
                other
                competing firm for a period of three (3) years from the date of expiration
                or termination of this Agreement.

            

    

    

    
      	 	
              12.

            	
              RELATIONSHIP
                OF PARTIES:
                The parties intend that this Agreement create an Employee-Employer
                relationship between the parties.

            

    

    

    
      	
            	13.	
              NOTICES:
                All notices, required and demands and other communications hereunder
                must
                be in writing and shall be deemed to have been duly given when personally
                delivered or when placed in the United States Mail and forwarded
                by
                Registered or Certified Mail, Return Receipt Requested, postage prepaid,
                or when forwarded via reputable overnight carrier, addressed to the
                party
                to whom such notices is being given at the following address: 

            

    

    

      
        	
                As
                  to RREM:

              	
                Rubicon
                  Real Estate and Mortgages, Inc.

              
	 	
                19200
                  Von Karman, Suite 350

              
	 	
                Irvine,
                  CA 92612

              
	 	
                Attn:
                  Chief Executive Officer

              

      

       

      
        
           

        

        
          -7-

          
            

          

        

        
           

        

      

       

      
        	
                As
                  to Triance:

              	
                Craig
                  Triance

              
	 	
                425
                  E. Arrow Hwy., #713

              
	 	
                Glendora,
                  CA 91740

              

      

    

     

    Address
      Change: Any
      party
      may change the address (as) at which notices to it or him, as the case may
      be,
      are to be sent by giving the notice of such change to the other parties in
      accordance with this Section
      13.

    

    
      	
            	14.	
              MISCELLANEOUS:

            

    

    

    
      	 	
              14.1

            	
              Entire
                Agreement.
                This Agreement and the Addendums hereto contain the entire agreement
                of
                the parties. This Agreement may not be altered, amended or modified
                except
                in writing duly executed by the
                parties.

            

    

    

    
      	 	
              14.2

            	
              Assignment.
                Neither party, without the written consent of the other party, can
                assign
                this Agreement.

            

    

    

    
      	 	
              14.3

            	
              Binding.
                This Agreement shall be binding upon and inure to the benefit of
                the
                parties, their personal representative, successors and
                assigns.

            

    

    

    
      	 	
              14.4

            	
              No
                Waiver.
                The waiver of the breach of any covenant or condition herein shall
                in no
                way operate as a continuing or permanent waiver of the same or similar
                covenant or condition.

            

    

    

    
      	 	
              14.5

            	
              Severability.
                If
                any provision of this Agreement is held to be invalid or unenforceable
                for
                any reason, the remaining provisions will continue in full force
                without
                being impaired or invalidated in any way. The parties hereto agree
                to
                replace any invalid provision with at valid provision which most
                closely
                approximates the intent of the invalid
                provision.

            

    

    

    
      	 	
              14.6

            	
              Interpretation.
                This Agreement shall not be construed more strongly against any party
                hereto regardless of which party may have been more responsible for
                the
                preparation of Agreement.

            

    

    

    
      	 	
              14.7

            	
              Governing
                Law.
                This Agreement shall be governed by and construed under the laws
                of the
                State of California, without reference to the choice of law principles
                thereof.

            

    

     

    
      
         

      

      
        -8-

        
          

        

      

      
         

      

    

     

    
      	 	
              14.8

            	
              Arbitration.

            

    

    

    
      	 	
              14.8.1

            	
              Any
                controversy, dispute or claim of whatever nature in any way arising
                out of
                or relating to Triance’s employment with RREM, including, without
                limitation (except as expressly excluded below in Section
                14.8.2)
                any claims or disputes by Triance against RREM, or by RREM against
                Triance, concerning, arising out of or relating to the separation
                of that
                employment; any other adverse personnel action by RREM; any federal,
                state
                or local law, statute or regulation prohibiting employment discrimination
                or harassment; any public policy; any RREM disciplinary action; any
                RREM
                decision regarding a RREM policy or practice, including but not limited
                to
                Triance’s compensation or other benefits; and any other claim for
                personal, emotional, physical or economic injury (individually or
                collectively, “Covered
                Claims”)
                shall be resolved, at the request of any party to this Agreement,
                by final
                and binding arbitration in Orange County, California before Judicial
                Arbitration Mediation Services (“JAMS”)
                in accordance with JAMS’ then-current policies and procedures for
                arbitration of employment disputes.

            

    

    

    
      	 	
              14.8.2

            	
              The
                only claims or disputes excluded from binding arbitration under this
                Agreement are the following: any claim by Triance for workers’
                compensation benefits or for benefits under a RREM plan that provides
                its
                own arbitration procedure; and any claim by either party for equitable
                relief, including but not limited to, a temporary restraining order,
                preliminary injunction or permanent injunction against the other
                party.

            

    

    

    
      	 	
              14.8.3

            	
              This
                agreement to submit all Covered Claims to binding arbitration in
                no way
                alters the exclusivity of Triance’s remedy under Section
                6.5
                in
                the event of any termination without Cause or the exclusivity of
                Triance’s
                remedy under Section 6.4
                in
                the event of any termination with Cause, and does not require RREM
                to
                provide Triance with any type of progressive
                discipline.

            

    

    

    
      	 	
              14.9

            	
              Titles.
                Titles to the sections of this Agreement are solely for the convenience
                of
                the parties and shall not be used to explain, modify, simplify, or
                aid in
                the interpretation of the provisions of this
                Agreement.

            

    

    

    
      	 	
              14.10

            	
              Counterparts.
                This Agreement may be executed in counterparts, each of which shall
                be
                deemed an original, but together which shall constitute one and the
                same
                instrument.

            

    

     

    (BALANCE
      OF THIS PAGE INTENTIONALLY LEFT BLANK)

    

    SIGNATURE
      PAGE TO FOLLOW

     

    
      
         

      

      
        -9-

        
          

        

      

      
         

      

    

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

    

      
        	
                RREM:

              	
                Rubicon
                  Real Estate and Mortgages, Inc.

              
	 	
                a
                  California corporation

              
	 	 	 
	 	
                By: 

              	
                /s/
                  Monica Cuenca

              
	 	 	
                Monica
                  Cuenca, COO

              
	 	 	 
	
                Triance:

              	 	 
	 	 	 
	 	
                By:
                  

              	
                /s/
                  Craig Triance

              
	 	 	
                Craig
                  Triance

              

      

    

     

    
      
         

      

      
        -10-

        
          

        

      

      
         

      

    

    
ADDENDUM
      A

    

    Job
      Description for Craig Triance

    

      
        	
                Job
                  Title: 

              	
                CEO/President

              
	
                Department:
                  

              	
                Executive

              
	
                Reports
                  To: 

              	
                Board
                  of Directors

              

      

ESSENTIAL
      DUTIES AND RESPONSIBILITIES
      include
      the following. Other duties may be assigned.

    

    Investments:

    
      	 	
              ·

            	
              Spearheads
                potential real estate investments e.g., distressed properties, land
                purchase opportunities. 

            

    

    

    On
      the
      Real Estate Division: 

    
      	 	
              ·

            	
              Spearheads
                Marketing.

            

    

    
      	 	
              ·

            	
              Co-ordinates
                open house inspections for prospective
                clients.

            

    

    
      	 	
              ·

            	
              Co-ordinates
                open house for current listings.

            

    

    
      	 	
              ·

            	
              Co-ordinates
                inspection reports and other essential requirements with both buyers
                and
                sellers to prepare the house for contract date
                closing.

            

    

    
      	 	
              ·

            	
              Co-ordinates
                final walk through with client. 

            

    

    

    On
      the
      Mortgage Loan Division:

    
      	 	
              ·

            	
              Originates
                client loans.

            

    

    
      	 	
              ·

            	
              Co-ordinates
                with lenders to price the loan.

            

    

    
      	 	
              ·

            	
              Co-ordinates
                with the clients to sell the loan.

            

    

    
      	 	
              ·

            	
              Negotiates
                the best terms with the lender on behalf of the
                client.

            

    

    
      	 	
              ·

            	
              Schedules
                the final loan doc signings with the client to respond to open
                questions.

            

    

    

    General:

    
      	 	
              ·

            	
              In
                addition to the above, the President shall take direction and perform
                additional responsibilities as may be assigned by the CEO.
                

            

    

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    
ADDENDUM
      B

    Approved
      Non-Rubicon Real Estate and Mortgages, Inc. 

    Business
      Activity Exemptions

    

    Description
      of Business Activity 

    

    
      	 	
              1.

            	
              Cambridge
                Financial Consultants LLC
9660 Flair Dr. #498
El Monte, CA 91731

                CFL
                  – 603C618April
      3,
      2008

    

    Rubicon
      Financial Incorporated

    19200
      Von
      Karman Ave., Suite 350

    Irvine,
      California 92612

    

    Re:
      Lock-Up and Cancellation of Shares of Common Stock

    

    Gentlemen:

    

    I
      am the
      former chief financial officer of Rubicon Financial Incorporated (“Rubicon”). I
      hold 25,000 shares of Common Stock of Rubicon, represented by certificate number
      6670 (the “Common Stock”) and was initially to be issued an additional 13,401
      shares of Common Stock under my employment agreement (the “Additional
      Securities”). 

    

    Effective
      immediately, I agree that the Additional Securities shall be immediately
      cancelled and any right to the Additional Securities is hereby waived. In
      addition, effective immediately through the period ending February 1, 2010,
      I
      hereby irrevocably agree that the Common Stock shall not be sold, transferred,
      assigned, pledged or hypothecated.

    

    For
      good
      and valuable consideration, the receipt and sufficiency of which is hereby
      acknowledged, I hereby agree that, during the period beginning on the date
      hereof and continuing to and including February 1, 2010 (the “Lock-Up Period”),
      I will not offer, sell, contract to sell, pledge, grant any option to purchase,
      make any short sale or otherwise dispose of the Common Stock.

    

    I
      understand and acknowledge that the foregoing restriction is expressly agreed
      to
      preclude me from engaging in any hedging or other transaction which is designed
      to or reasonably expected to lead to, or result in, a sale or disposition of
      the
      Common Stock even if such shares would be disposed of by someone other than
      me.
      Such prohibited hedging or other transactions would include without limitation
      any short sale (whether or not against the box) or any purchase, sale or grant
      of any right (including without limitation any put or call option) with respect
      to the Common Stock or with respect to any security that includes, relates
      to,
      or derives any significant part of its value from such shares. 

    

    Notwithstanding
      the foregoing, I understand that I may transfer the Common Stock (i) as a bona
      fide gift or gifts, or by will or intestacy, provided that the transferee or
      transferees thereof agree to be bound by the restrictions set forth herein,
      (ii)
      to any trust for my direct or indirect benefit or my immediate family, provided
      that the trustee of the trust agrees to be bound by the restrictions set forth
      herein, and provided further that any such transfer shall not involve a
      disposition for value, or (iii) with the prior written consent of Rubicon.
      For
      purposes of this lock-up agreement, “immediate family” shall mean any
      relationship by blood, marriage or adoption, not more remote than first cousin.
      I
      now
      have, and except as contemplated above, for the duration of the Lock-Up Period
      will have, good and marketable title to the Common Stock, free and clear of
      all
      liens, encumbrances and claims whatsoever. I
      also
      agree and consents to the entry of stop transfer instructions with Rubicon’s
      transfer agent and registrar against the transfer of the Common Stock except
      in
      compliance with the foregoing restrictions.

     

    
      
         

      

      
         

        
          

        

      

      
         

      

    

    

      Rubicon-Sederoff
        Lock-up

      April
        3,
        2008

      Page
        2

    

     

    I
      further
      understand that this lock-up agreement is irrevocable and shall be binding
      upon
      my heirs, legal representatives, successors and assigns.

    

    Lastly,
      I
      forever waive and release any and all claims, liens, charges, or encumbrances
      of
      any kind whatsoever (collectively, the “Claims”) against Rubicon and any of its
      directors, officers, employees, agents, subsidiaries and/or affiliates
      including, without limitation, any Claims related to the Additional Securities
      cancelled by Rubicon pursuant to this agreement, the termination of my
      employment agreement, my resignation as chief financial officer of Rubicon,
      or
      otherwise in connection with any agreement, arrangement or understanding, actual
      or alleged, between me and Rubicon from now until the end of the world,
provided,
      however,
      that
      the foregoing waiver and release shall neither apply to nor affect my rights
      and
      obligations with respect to the Common Stock to be held by me subject to the
      terms of the lock-up described above. Upon reasonable request by Rubicon, I
      agree to execute any acknowledgement of the foregoing waiver and release in
      form
      reasonably satisfactory to counsel for Rubicon.

    

    Very
      truly yours,

    

    /s/
      Michael Sederoff

    Michael
      Sederoff

    

    Accepted
      and Acknowledged:

    

    Rubicon
      Financial Incorporated

    

    
      	
              By: 

            	
              /s/
                Joseph Mangiapane, Jr.

            
	 	
              Joseph
                Mangiapane, Jr., CEO

            

    

    

    Dated:
      4/9/08

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