Document:

Exhibit 10.7

                            Michael T. Williams, Esq.
                               2503 W. Gardner Ct.
                                 Tampa FL 33611
                               Phone: 813.831.9348
                                Fax: 813.832.5284
                         e-mail: wmslaw@tampabay.rr.com

Date:  October 1, 2002

Name of Company: HydroFlo, Inc.
[referred to herein as the "Company]

Via e-mail
----------

Re: Engagement Agreement

 Dear Sirs:

         This  letter sets forth the terms by which this I will be engaged in
connection with matters described below. I agree that the terms and conditions
of the engagement shall be as set forth in this letter.

1.          Engagement.  I have been engaged as special counsel for the Company.

       The engagement shall be limited to the assistance with following matters:

o      The preparation of a Forms 10K-SB, 10Q-SB, and 8-K
o      The preparation of Forms 3, 4, 5, and 13D/G
o      The establishment of an insider stock trading monitoring program
o      Availability to respond to general securities law questions

No other services, including but not limited to services in connection with the
offer or sale of securities in a capital-raising transaction, and services that
directly or indirectly promote or maintain a market for your securities, shall
be the subject of or provided under this Agreement.

The term of the engagement shall be for the first 24 months after the Company
becomes an SEC reporting issuer.

2.          Fees, Costs and Expenses.  My  fee shall be 125,000 shares of
common stock, to be registered on form S-8 as soon as the form is available and
issued in 24 equal monthly installments the first day of each month of after
services commence under this agreement, with the final installment due upon the
expiration of this agreement. I shall prepare the S-8 and related legal opinion.
I shall be responsible for expenses of filing, such as edgar and the SEC filing
fee, and you shall be responsible for accounting fees.

         The fees shall include stenographic and word processing services, but
shall not include copying charges, long distance telephone expenses, delivery
fees, filing fees, computerized legal research, if any, electronic facsimile
transmission and similar charges. I will bill separately for those expenses at
the actual costs incurred. In the event that I advance expenses or filing fees
on your behalf, the Company will be expected to promptly reimburse me for such
advances.

         Invoices will summarize the nature of the work performed during the
billing period and will itemize generally the work performed. Billings will not
itemize the amount of time spent on each task identified. Detailed back-up for
any invoice shall be available for any proper purpose and if legitimate
questions arise, I will provide more detailed itemized statements for your
information.

         If at any time you terminate this agreement except for my material
non-performance, all unissued shares shall be fully vested and shall be issued
immediately.

3.          Other Understandings.  Attached to this letter is a document
entitled "Understandings with Clients of Michael T. Williams, Esq." The
attachment is incorporated in this letter by reference and contains certain
additional terms and conditions of the engagement of me and therefore should be
reviewed carefully by you.

4.          Arbitration of Any Disputes.  If and when you sign a separate
Arbitration Agreement, containing disclosures required by the Florida Bar
Association, and subject to all the terms of that separate agreement, all
disputes which are the subject of that Arbitration Agreement shall be subject to
resolution by arbitration. However, notwithstanding the foregoing, I may elect
to collect amounts owed for services rendered and costs incurred through suit in
any court of competent jurisdiction. If I elect to sue in court, any
counterclaim shall, if the separate Arbitration Agreement is executed, still be
subject to arbitration as described above.

5.          Conflicts of Interest.  It is recognized that I am not in a
position to represent conflicting interests of different clients. Upon accepting
any new client or new matter, I will attempt to determine whether the engagement
would present a conflict with any other matters pending for any other client.
Based upon my reviews, I have no conflict. Conflicts between the interests of
various clients may be discovered after the engagement is undertaken or may
develop during the representation. Upon the discovery of any such conflict of
interest, I will immediately inform you of the conflict and will endeavor to
work with you toward a resolution which is acceptable. However, if the conflict
can be resolved only by my withdrawing as your counsel, my obligation to you as
a result shall be limited solely to working with you to find an acceptable
replacement. In such event, I shall be entitled to be compensated for all
services performed, including time spent working with you to resolve the
conflict, in accordance with this agreement.

         When engaged by a corporation or the issuer of securities (if not a
corporation), it is the corporation or the issuer which is my client. Therefore,
I will prefer the interests of the corporation or the issuer to the interests of
any individual member of management or any security holder of the issuer. If a
conflict arises between the corporation or the issuer and any such individual or
any security holder of the issuer, such person must understand that I am not
representing such person in his individual capacity. I shall be entitled to
continue to represent the issuer notwithstanding the conflict and each
individual may be represented by other counsel. Obviously, if a serious conflict
arises, this is often the best procedure.

6.          Ownership of Files and  Records. Except as to original records
or any records or files which I accept upon the understanding that they belong
to you, it hereby is agreed that all files, copies of documents, correspondence
or other materials which I may accumulate in connection with your
representation, including copies of materials filed with any regulatory agency,
shall be the property of me. Upon the termination of the engagement, I will
return any property belonging to you upon your request. Copies of my files and
other materials which I may have accumulated during my representation will be
made available to you at your expense; however, it is specifically agreed that I
shall have the right, at my discretion, to dispose of these files without notice
at such time as I determine in my discretion that such files need not be
retained any longer. After such destruction, the files will no longer be
available.

         IT IS OF THE UTMOST IMPORTANCE FOR ME TO KNOW AT ALL TIMES THAT YOU ARE
SATISFIED WITH THE LEGAL SERVICES PROVIDED BY THIS OFFICE. So that there will
always be full and open communication between me, and so that I may clearly
understand and promptly deal with any concerns you may have about my services,
you agree to let me know immediately in writing of any concerns you may
have about the services I perform for you or invoices which have been rendered.
If you wait to inform me of your concerns until a later time, it may no longer
be possible for me to take any meaningful steps to address those concerns. At no
time will I make any charge for time spent discussing such matters.

         If there are any questions concerning this agreement or the attachments
hereto, please contact the undersigned.

         If it is agreed that the foregoing sets forth the conditions of my
engagement by the Company, please sign the extra copy of this letter where
indicated and return it.

                                                     Sincerely,

                                                     /s/ Michael T. WIlliams
                                                     ------------------------
                                                         Michael T. Williams, Esq.

The above is understood and agreed to:

Name of Company:  HydroFlo, Inc.

By   /s/ Dennis Mast
     -----------------------------------
         Dennis Mast, Authorized Officer

                         UNDERSTANDINGS WITH CLIENTS OF

                            MICHAEL T. WILLIAMS, ESQ.

         This statement is for the purpose of describing the understandings
regarding the matters mentioned below between MICHAEL T. WILLIAMS, ESQ., Tampa
Florida, and clients represented by me, especially as regards corporate and
securities matters. If this statement is attached to an engagement letter, it
shall be considered incorporated in and a part of the engagement letter.

         1.  Complete Information.  A condition of my engagement is that the
client and all persons connected with the client will supply me with all
information which I may request from time to time. In many instances this will
include information concerning the background of each member of management and
especially his business activities. Often, a form to be completed, signed and
returned to me by each member of a client's management will be requested. It is
understood that all persons of whom information is requested will not only
provide the information requested but also volunteer any other information which
might pertain to the matters being considered. Unless I have full information
concerning a client, I am not in a position to properly represent the client.

     You further agree that you, as the Company's Authorized Officer, and the
Company' s other officers and directors will be required to sign an affidavit
attesting that:

o        All SEC filings has been read and understood;
o        All documents provided to my office in connection with preparation of
         all SEC filings are true and correct;
o        All matters contained in all SEC filings are true and correct; and
o        All SEC filings does not contain any misstatements or omissions of any
         facts necessary to make all SEC filings not misleading.

         2. Reading and Meetings.  Often it is necessary to have members of an
issuer's management meet in order to review information to be presented to the
Securities and Exchange Commission, other regulatory bodies or to investors. It
is understood that all members of the client's management agree to make
themselves available for such meetings and to do the preliminary reading which
is necessary to make such meetings meaningful and expeditious.

         3. Conflicts.  If the engagement is by a corporation or other issuer
of securities (if not a corporation), it is the issuer which is my client.
Therefore, I will represent the interests of the corporation or the issuer and
not the interests of any individual member of management or any security holder
of the issuer. If a conflict arises between the corporation or the issuer and
any such individual or any security holder of the issuer, such person must
understand that I am not representing the person in his or her individual
capacity. I shall be entitled to continue to represent the issuer
notwithstanding the conflict and each individual may be represented by other
counsel. Obviously, if a serious conflict arises, this is often the best
procedure.

         4. Opinions.  A part of the work of a lawyer is to render legal
opinions. However, the work of a lawyer also involves many other matters which
involve recommendations as to how to proceed, strategy, business judgments and
other expressions which are not legal opinions. If a client wishes to act in
reliance on a legal opinion, a request for a written legal opinion should be
made, and if proper, a written legal opinion will be rendered. No oral
statements should be construed as legal opinions and the undersigned will not
acknowledge that it has rendered a legal opinion unless set forth in a written
opinion letter and signed by me. No third party shall be entitled to rely on my
opinion given to you unless I have agreed upon the terms of such reliance.
Further, the client should understand that a legal opinion is my best judgment
as to the law when applied to a given set of facts presented by a client. In
many areas the law is not specific and, therefore, a legal opinion should not be
construed as a guarantee by me that a Court subsequently examining the same set
of facts would reach the same conclusion.

         5. Results.  Clients usually engage lawyers to assist in resolving a
problem which may involve litigation but usually does not. In many instances the
result sought by a client can not be fully achieved. The recommendations of a
lawyer are based upon his judgment as to a procedure which is believed likely to
achieve results sought by the client. However, a lawyer is not in a position to
assure results, and I will not do so in my representation of you as the client.

         6. Right to Terminate Engagement.  Because I am merely the
representative of a client, you may terminate the engagement at any time.
Further, because of the nature of the work which I am performing, I reserve the
right to terminate such work at any time by giving written notice to the client.
However, I would not normally exercise this prerogative unless circumstances
occur which cause me to believe that it would be improper to continue the
engagement, if the client fails to furnish timely information or assistance
necessary for me to properly complete assigned work, if you do not meet
financial responsibilities to me, or if other unusual circumstances would tend
to adversely affect the working attorney/client relationship.

         It shall be my mutual understanding that the attorney-client
relationship shall terminate when a substantial period of time has passed during
which I have not furnished services or been requested to furnish services or
advice to you.EXHIBIT 10.2

                             AMENDMENT NUMBER THREE
                                     to the
                       Master Loan and Security Agreement
                           Dated as of March 21, 2002
                                 by and between
                                  E-LOAN, INC.
                                       and
                   GREENWICH CAPITAL FINANCIAL PRODUCTS, INC.

               This  AMENDMENT  NUMBER  THREE is made this 26th day of November,
2002,  by and  between  E-LOAN,  INC.,  having an address at 5875  Arnold  Road,
Dublin,  California  94568 (the  "'Borrower")  and GREENWICH  CAPITAL  FINANCIAL
PRODUCTS, INC., having an address at 600 Steamboat Road, Greenwich,  Connecticut
06830 (the  "Lender"),  to the Master Loan and Security  Agreement,  dated as of
March 21, 2002,  by and between the  Borrower and the Lender (the  "Agreement").
Capitalized  terms used but not otherwise defined herein shall have the meanings
assigned to such terms in the Agreement.

                                    RECITALS

               WHEREAS,  the  Borrower  has  requested  that the Lender agree to
amend the Agreement,  to increase the Maximum  Uncommitted  Amount thereunder to
$275,000,000,  to  modify  certain  sub-limits  thereunder  end to make  certain
additional changes as set forth herein;

               WHEREAS,  in order to  induce  the  Lender  to  enter  into  this
Amendment  Number  THREE,  the Borrower has agreed to pay the Lender a fee in an
amount equal to $150,000; and

               WHEREAS,  the  Borrower  and the Lender  have agreed to amend the
Agreement as set forth herein.

               NOW THEREFORE,  for good and valuable consideration,  the receipt
and sufficiency of which are hereby  acknowledged,  and for the mutual covenants
herein contained, the parties hereto hereby agree as follows:

               SECTION 1.  Effective as of November  26, 2002,  Section 1 of the
Agreement  is  hereby  amended  by  deleting  clause  10 to  the  definition  of
Applicable Collateral Value and replacing it with the following:

(10) that is a HELOC,  High LTV Loan,  Second Lien  Mortgage  Loan or "B" or "C"
     credit  Mortgage Loan that is not covered by a Takeout  Commitment or as to
     which the related  Takeout  Commitment has expired or otherwise  terminated
     prior  to the  purchase  of  such  Mortgage  Loan  by the  related  Takeout
     Investor; or

               SECTION 2.  Effective as of November  26, 2002,  Section 1 of the
Agreement is hereby  amended by deleting  clause 1 to the  definition of Maximum
Credit and replacing it with the following:

(1)  the Maximum  Credit for Mortgage  Loans which are Wet Loans may not exceed,
     at any time,  the lesser of (A) $40 million on any day which occurs  during
     the period from the seventh to last  Business  Day of each  calendar  month
     through  and  including  the  sixth  Business  Day of the  next  succeeding
     calendar month or (B) $30 million on any other date;

               SECTION 3.  Effective as of November  26, 2002,  Section 1 of the
Agreement is hereby  amended by deleting  clauses 2 and 3 to the  definition  of
Maximum Credit and replacing it with the following:

(2)  [Reserved];

(3)  the aggregate  Maximum Credit for Mortgage Loans which are HELOCs or Second
     Lien Mortgage Loans may not exceed $70 million at any time;

               SECTION 4.  Effective as of November  26, 2002,  Section 1 of the
Agreement is hereby  amended by deleting the  definition of Maximum  Uncommitted
Amount and replacing it with the following:

"Maximum Uncommitted Amount" shall mean $275 million.
--------------------------

               SECTION 5. Effective as of November 26, 2002,  Section 2.01(b) of
the  Agreement  is hereby  amended by adding the  following  sentence to the end
thereof:

               The Lender may, at any time, terminate the uncommitted portion of
               this Loan Agreement by providing  written notice to the Borrower.
               Within  two (2)  Business  Days of receipt  of such  notice,  the
               Borrower agrees to repay the aggregate  outstanding amount of all
               Uncommitted Advances including all interest accrued thereon.

               SECTION 6.  Effective as of November 26, 2002,  Schedule 1 to the
Agreement  is hereby  amended  by adding  the  following  representations  after
representation (zz):

               (aaa) No predatory or deceptive lending practices,  including but
          not limited to, the extension of credit to a mortgagor  without regard
          for the  mortgagor's  ability  to  repay  the  Mortgage  Loan  and the
          extension  of credit to a mortgagor  which has no tangible net benefit
          to the mortgagor,  were employed in connection with the origination of
          the Mortgage Loan.

               (bbb) The Mortgage Loan is not a "High Cost Home Loan" within the
          meaning of the Georgia Fair Lending Act (the "Georgia Act").

               To the extent that the Mortgage  Loan is a "Covered  Loan" within
               the meaning of the Georgia Act, the Mortgage  Loan  complies with
               all  provisions  of the Georgia Act,  and the  Mortgage  Loan was
               either (i) a purchase  money loan,  or (ii) a  refinancing  of an
               existing  mortgage loan that had been closed more than five years
               prior to the closing of such Mortgage Loan.

               SECTION 7. Fee.  In order to induce the Lender to enter into this
Amendment  Number Three with the Borrower,  the Borrower hereby agrees to pay to
the Lender a fee equal to $150,000 to be paid to the Lender  upon  execution  of
this Amendment Number Three.  Such fee shall be paid in dollars,  in immediately
available  funds, in accordance with the Lender's  instructions.  This Amendment
Number Three shall be effective upon Lender's receipt of such fee.

               SECTION 8. Defined Terms. Any terms capitalized but not otherwise
defined herein shall have the respective meanings set forth in the Agreement.

               SECTION  9.  Limited  Effect.   Except  as  amended  hereby,  the
Agreement  shall continue in full force and effect in accordance with its terms.
Reference  to this  Amendment  need not be made in the  Agreement  or any  other
instrument or document executed in connection therewith,  or in any certificate,
letter or  communication  issued or made  pursuant  to, or with  respect to, the
Agreement,  any reference in any of such items to the Agreement being sufficient
to refer to the Agreement as amended hereby.

               SECTION  10.  Representations.  In order to induce  the Lender to
execute and deliver this Amendment Number Three, the Borrower hereby  represents
to the Lender that as of the date  hereof,  the  Borrower is in full  compliance
with all of the terms and conditions of the Agreement and no Default or Event of
Default has occurred and is continuing under the Agreement.

               SECTION 11.  Governing Law. This Amendment  Number Three shall be
construed  in  accordance  with  the  laws  of the  State  of New  York  and the
obligations,  rights,  and remedies of the parties hereunder shall be determined
in accordance with such laws without regard to conflict of laws doctrine applied
in such state  (other than Section  5-1401 of the New York  General  Obligations
Law).

               SECTION 12.  Counterparts.  This  Amendment  Number  Three may be
executed by each of the parties  hereto on any number of separate  counterparts,
each of  which  shall  be an  original  and all of which  taken  together  shall
constitute one and the same instrument.

                [REMAINDER OF THIS PAGE LEFT INTENTIONALLY BLANK]

<PAGE>

               IN WITNESS WHEREOF,  the Borrower and the Lender have caused this
Amendment  Number  Three to be executed and  delivered by their duly  authorized
officers as of the day and year first above written.

                          E-LOAN, INC.
                          (Borrower)

                          By:
                            -----------------------------------------
                            Name: Steven M. Majerus
                            Title: SVP Capital Markets

                          GREENWICH CAPITAL FINANCIAL
                                          PRODUCTS, INC.

                          By:
                            -----------------------------------------
                            Name: Anthony Palmisano
                            Title: Vice President

<PAGE>

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