Document:

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                                                                    EXHIBIT 10.7

July 11, 2001

Mr. Christie S. Tyler
5823 Encore Drive
Dallas, Texas  75240

Dear Chris:

         You and MAII Holdings, Inc., a Texas corporation (the "Company"), are
parties to several agreements concerning your employment by, and business
relationship with, the Company. These arrangement include a trigger date of July
12, 2001 for the occurrence or non-occurrence of certain rights, duties and
responsibilities of and for you and the Company. However, largely through your
efforts, the Company is currently negotiating a possible merger (the Merger")
involving GenesisIntermedia, Inc. ("GENI") that is potentially very exciting for
the Company and its shareholders. Accordingly, the Company desires to extend the
terms of such agreements so as to keep you involved with the Company until such
time as the Merger either is consummated or is terminated. Accordingly, the
agreements are hereby amended as follows:

         (1)      If the Merger is terminated or otherwise not consummated, then
                  Section 7(b) of the Employment Agreement will be deemed to be
                  amended to read in its entirety as follows:

                           Payments Upon Termination. If this Agreement is
                           terminated pursuant to Section 7(a) above, then
                           Employer shall have no obligation to pay to Employee
                           the Salary or any other compensation or benefits
                           provided under this Agreement for any period after
                           the date of such termination; provided, however, that
                           Employer shall pay to Employee all Salary and other
                           compensation and vested benefits accrued but unpaid
                           prior to the date of such termination.

         (2)      The Non-Qualified Stock Option of the Company, dated as of
                  January 12, 2001, to purchase 166,667 shares of the Company's
                  Common Stock, and issued by the Company to you shall be
                  amended by amending the vesting schedule set forth in Section
                  4 thereof to suspend any vesting between the date hereof and
                  the date of closing of the Merger, such that upon closing of
                  the Merger, any vesting that would have occurred absent such
                  suspension shall be deemed to have occurred, but if the Merger
                  is terminated or otherwise not consummated no vesting shall
                  have occurred after the date hereof.

         (3)      The Non-Qualified Stock Option of the Company, dated as of
                  January 12, 2001, to purchase 233,333 shares of the Company's
                  Common Stock, and issued by the Company to you shall be
                  amended by amending the vesting schedule set forth in Section
                  4 thereof to suspend any vesting between the date hereof and
                  the date of closing of the Merger, such that upon closing of
                  the Merger, any vesting that

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                  would have occurred absent such suspension shall be deemed to
                  have occurred, but if the Merger is terminated or otherwise
                  not consummated no vesting shall have occurred after the date
                  hereof.

         (4)      Notwithstanding anything to the contrary contained in: (i) the
                  Stock Purchase Agreement, dated as of February 1, 2001, by and
                  between you and the Company; (ii) the Promissory Note, dated
                  February 1, 2001, in the original principal amount of
                  $2,739,040, and issued by you to the Company (the "Note"); and
                  (iii) the Pledge and Security Agreement, dated as of February
                  1, 2001, by and between you and the Company (the "Pledge
                  Agreement"), if the Merger is terminated or otherwise not
                  consummated, the Note shall be deemed to have been canceled,
                  and you will not owe any principal of or interest on the Note,
                  and the 680,000 shares of the Company's Common Stock issued to
                  you pursuant to the Purchase Agreement but held by the Company
                  under the Pledge Agreement shall be delivered to the Company
                  for cancellation; it being agreed and understood that until
                  the earlier of: (i) the consummation of the Merger; or (ii)
                  the termination of discussions between the Company and GENI
                  concerning the Merger, no principal of or interest on the Note
                  shall be due and payable.

         This letter agreement may be executed in two or more counterparts, each
of which shall be deemed to be an original but all of which shall constitute one
and the same instrument. If the terms set forth in this letter agreement are
acceptable to you, please sign and date the enclosed copy of this letter and
return it to the Company.

                                          MAII HOLDINGS, INC.

                                          By: /s/ RICK DAHLSON
                                              --------------------------------

                                          Title: Secretary
                                                ------------------------------

AGREED TO AND ACCEPTED
as of the date first set forth above:

/s/ CHRISTIE S. TYLER                   7/11/01
-----------------------------------------------------
Christie S. Tyler

                                       2<PAGE>   1
                            FORBEARANCE AGREEMENT AND
                               SECOND AMENDMENT TO
                        LOAN AGREEMENT DATED MAY 5, 2000
                                  BY AND AMONG
                             VENUS EXPLORATION, INC.
                            AND BANK ONE, TEXAS, N.A.

         This Forbearance Agreement and Second Amendment to Loan Agreement dated
May 5, 2000 (this "Second Amendment") by and between VENUS EXPLORATION, INC.
(the "Borrower") and BANK ONE, NA, a national banking association formerly known
as Bank One, Texas, N.A. (the "Bank") is entered into effective on the 8th day
of May 2001.

                                   WITNESSETH:

         A. Borrower and Bank entered into a Loan Agreement dated May 5, 2000,
which was amended by First Amendment thereto dated August 25, 2000 (collectively
the "Loan Agreement").

         B. The Revolving Loan Termination Date established in the Loan
Agreement was May 8, 2001, and notwithstanding the terms of the Revolving Note
and of the other Loan Documents that require the entire, unpaid balance of the
Revolving Loan and accrued, unpaid interest thereon to be repaid in full on or
before the Revolving Loan Termination Date, such repayment in full has not
occurred, and accordingly, as of the date of this Second Amendment, there exists
an Event of Default, as defined in Section 7.01(a) of the Loan Agreement. In
addition, Events of Default also exist as of the date of this Second Amendment
due to Borrower's failure to have been in compliance with the following Sections
of the Loan Agreement as of the fiscal quarter ended March 31, 2001: Section
6.15 (General and Administrative expenses), Section 6.16 (Minimum Tangible Net
Worth), Section 6.17 (Current Ratio) and Section 6.18 (Debt Service Coverage
Ratio).

         C. As the result of the occurrence and continuation of such Events of
Default under the Loan Agreement, Bank has the right to exercise any and all
remedies that it may have under the Loan Documents, and at law or in equity
(collectively the "Remedies"), but Borrower has requested that Bank forbear from
exercising any such Remedies, and Bank is willing to do so subject to and
strictly in accordance with the terms set forth in this Second Amendment.

                  NOW, THEREFORE, in consideration of the promises herein
contained, the mutual benefits to be derived herefrom and other good and
valuable consideration received by each party, and each intending to be legally
bound hereby, the parties agree as follows:

         I.       Amendments to Loan Agreement.

<PAGE>   2

                  Article I, Definitions is hereby amended by replacing the
         definition of "Floating Rate" in its entirety with the following
         definition:

                  "Floating Rate" means a per annum interest rate equal to the
                  Base Rate in effect from time to time plus: (a) in the absence
                  of any Event of Default (i) three percent (3%) during the
                  period from and including May 9, 2001, to and including June
                  8, 2001, and (ii) four percent (4%) during the period from and
                  including June 9, 2001 through and including July 9, 2001; and
                  (b) following and during the continuation of any Event of
                  Default and/or after July 9, 2001, six percent (6%).

                  Section 2.06, Mandatory Prepayment of the Note, is amended to
         delete the reference therein to "thirty (30) days" and substitute in
         its place reference to "three (3) days".

                  Section 5.26, Change of Purchaser's of Production, is amended
         by adding the following text at the end of that section:

                  In addition, on or before May 25, 2001, Borrower shall notify
                  Bank in writing of the identity and address of each
                  then-current purchaser of production from the Borrowing Base
                  Oil and Gas Properties.

                  Section 5.32, Production Report, is amended by adding the
         following text at the end of such section:

                  The production report required to be submitted on or before
                  May 30, 2001, shall provide the information required by this
                  Section not only with respect to the calendar month of April
                  2001, but also on a cumulative basis for the calendar months
                  January through April 2001.

                  Article V, Affirmative Covenants, is amended by adding the
         following new section thereto:

                  5.38 Monthly Cash Statement. On or before May 18, 2001, and on
                  or before the fifteenth (15th) day of each subsequent calendar
                  month thereafter, Borrower shall prepare and submit to Bank a
                  cash report that details Borrower's cash flow during the
                  rolling 3-calendar month period ending with the last calendar
                  month immediately preceding the date of such report,
                  including, but not limited to, the sources of Borrower's cash
                  receipts during such period, the specific uses of Borrower's
                  cash payments during such period, and the balance as of the
                  last day of such period of all sums held in legal suspense and
                  any other production revenues held by Borrower that are
                  payable to third parties.

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                  Section 6.12, Hedge Agreements, is hereby amended in its
         entirety to read as follows:

                  6.12 Hedge Agreements. Except for Permitted Hedge Agreements
                  that are in effect on the date of the Second Amendment, enter
                  into or become obligated under any contract for sale for
                  future delivery of hydrocarbons, forward contract, Hedging
                  Agreement, futures contract or any other similar agreement
                  (other than normal production contracts entered into in
                  Borrower's normal course of business) without the prior
                  written consent of Bank, which consent may be granted or
                  withheld in Bank's sole discretion.

                  Section 8.03, Notices and Other Communications, is hereby
         amended by revising Bank's address in its entirely to read as follows:

                  BANK ONE, NA
                  1717 Main Street
                  TX1-2454 Fourth Floor
                  Dallas, Texas 75201
                  Attention: Laurel Varney Mason

         II. Forbearance Agreement. Bank has not waived and does not hereby
waive any Events of Default that have occurred and are continuing under the Loan
Agreement and other Loan Documents. Bank, however, does hereby agree to forbear
from exercising its Remedies in response to the Events of Default referred to in
Recitation B, above, until June 15, 2001, provided that if on or before such
date a creditworthy lender issues a written commitment to Borrower to advance to
Bank for the account of Borrower on or before July 9, 2001, a cash sum
sufficient to fully pay and discharge the entire, unpaid balance of the
Revolving Loan and accrued, unpaid interest due thereon as of the date of such
payment, and a true and complete copy of such commitment is delivered to Bank on
or before June 15, 2001, then Bank shall continue to forbear from the exercise
of its Remedies relating to such Events of Default through and including July 9,
2001. Notwithstanding the preceding provisions of this Article II, however,
Bank's agreement to forbear from the exercise of its Remedies may be rescinded
immediately, at the option of Bank, if the Bank learns of the existence or
occurrence and continuation of any Events of Default other than those described
in Recitation B., above, including, but not limited to, Borrower's failure to
pay accrued, unpaid interest on the Revolving Loan on or before the first day of
any calendar month following the date of this Second Amendment.

         III. Termination and Release. Upon payment and performance in full of
the Obligations on or before July 9, 2001, Bank agrees, at Borrower's request
and sole cost and expense, to execute and deliver any such lien release
documents and other documentation reasonably requested by Borrower to release or
terminate Bank's liens and security interests under the Loan Agreement and other
Loan Documents.

                                      -3-
<PAGE>   4

         IV. Forbearance Fee. Upon the execution and delivery of this Second
Amendment, Borrower shall thereupon become obligated to pay to Bank a fee in the
amount of $11,300.00, as consideration for Bank's entry into this Second
Amendment, payable on or before July 9, 2001; provided that if the entire,
unpaid balance of the Revolving Loan and all accrued, unpaid interest thereon is
repaid to Bank on or before July 9, 2001, Borrower's obligation to pay the
forbearance fee to Bank shall thereupon be terminated and forgiven.

         V. Second Amendment Legal Fees. Upon Bank's and Borrower's execution
and delivery of this Second Amendment, Borrower shall pay all legal fees and
expenses incurred to Bank's special counsel, Porter & Hedges, L.L.P., in
connection with the negotiation, documentation, execution and delivery of this
Second Amendment.

         VI. Reaffirmation of Representations and Warranties. To induce the Bank
to enter into this Second Amendment, Borrower hereby reaffirms, as of the date
hereof, its representations and warranties contained in Article IV of the Loan
Agreement and in all other documents executed pursuant thereto, and additionally
represents and warrants as follows:

                  A. The execution and delivery of this Second Amendment and the
         performance by the Borrower of its obligations under this Second
         Amendment are within Borrower's power, have been duly authorized by all
         necessary corporate action, have received all necessary governmental
         approval (if any shall be required), and do not and will not contravene
         or conflict with any provision of law or of the certificate of
         incorporation, the articles of incorporation or bylaws of Borrower or
         of any agreement binding upon Borrower.

                  B. This Second Amendment represents the legal, valid and
         binding obligations of Borrower enforceable against Borrower in
         accordance with its terms subject as to enforcement only to bankruptcy,
         insolvency, reorganization, moratorium or other similar laws affecting
         the enforcement of creditors' rights generally.

                  C. Since the date of the Loan Agreement, no change, event or
         state of affairs has occurred and is continuing which would constitute
         an Event of Default or an Unmatured Event of Default, except for the
         Events of Default referred to in Recitation B. of this Second
         Amendment.

         VII. Defined Terms. Terms used herein that are defined in the Loan
Agreement shall have the same meanings herein, unless the context otherwise
requires.

         VIII. Reaffirmation of Loan Agreement. This Second Amendment shall be
deemed to be an amendment to the Loan Agreement, and the Loan Agreement, as
amended hereby, is hereby ratified, adopted and confirmed in each and every
respect. All references to the Loan Agreement herein and in any

                                      -4-
<PAGE>   5

other document, instrument, agreement or writing shall hereafter be deemed to
refer to the Loan Agreement as amended hereby.

         IX. RELEASE BY BORROWER. AS PARTIAL CONSIDERATION FOR THE BANK'S ENTRY
INTO THIS SECOND AMENDMENT, BORROWER HEREBY IRREVOCABLY AND UNCONDITIONALLY
RELEASES AND DISCHARGES THE BANK AND ITS SHAREHOLDERS, DIRECTORS, OFFICERS,
EMPLOYEES, ATTORNEYS, AGENTS AND REPRESENTATIVES (THE "BANK PARTIES") FROM ANY
AND ALL CLAIMS, CAUSES OF ACTION, LOSSES, LIABILITIES AND DAMAGES OF WHATSOEVER
TYPE OR NATURE (COLLECTIVELY "DAMAGES AND CLAIMS") WHETHER ASSERTED OR
UNASSERTED, ACCRUED OR UNACCRUED, KNOWN OR UNKNOWN, ARISING DIRECTLY OR
INDIRECTLY OUT OF, OR RELATING DIRECTLY OR INDIRECTLY TO ACTS, OMISSIONS, EVENTS
OR CONDITIONS THAT OCCURRED OR EXISTED AS OF OR PRIOR TO THE EXECUTION OF THIS
SECOND AMENDMENT IN CONNECTION WITH THE LOAN AGREEMENT AND/OR ANY OTHER LOAN
DOCUMENTS, OR THE RELATIONSHIPS OF THE BANK, THE BORROWER, AND ANY THIRD PARTY
IN CONNECTION WITH THE LOAN AGREEMENT AND/OR ANY OTHER LOAN DOCUMENTS, AND
WHETHER OR NOT SUCH DAMAGES AND CLAIMS MIGHT BE ALLEGED TO HAVE ARISEN FROM
BREACHES OF CONTRACTUAL OBLIGATIONS, COMMON LAW OR STATUTORY DUTIES, STRICT
LIABILITY, OR TORT, AND THE BORROWER HEREBY AGREES TO FULLY INDEMNIFY AND HOLD
THE BANK PARTIES HARMLESS FROM AND AGAINST ANY AND ALL SUCH DAMAGES AND CLAIMS,
INCLUDING, BUT NOT LIMITED TO, THOSE ALLEGED TO HAVE ARISEN, IN WHOLE OR IN
PART, FROM THE BANK PARTIES' NEGLIGENCE, INCLUDING GROSS NEGLIGENCE, WHETHER
ACTIVE OR PASSIVE, SOLE, JOINT, OR CONCURRENT.

         X. Entire Agreement. The Loan Agreement, as hereby amended, embodies
the entire agreement between Borrower and Bank, and supersedes all prior
proposals, agreements and understandings relating to the subject matter hereof.
Borrower certifies that it is relying on no representation, warranty, covenant
or agreement except for those set forth in the Loan Agreement as hereby amended
and the other documents previously executed or executed of even date herewith.
Notwithstanding any prior course of dealing between Bank and Borrower, or any
allegation that the Bank might have waived, in whole or in part, any of its
rights or Remedies or any of Borrower's Obligations under the Loan Documents,
Borrower hereby conclusively acknowledges and agrees that no such alleged prior
course of dealing or waiver shall be effective hereafter to modify in any
respect the rights and Remedies of the Bank or the Obligations of the Borrower
under the express provisions of the Loan Agreement and other Loan Documents, as
hereby amended.

                                      -5-
<PAGE>   6

         XI. Governing Law. THIS SECOND AMENDMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF TEXAS AND THE APPLICABLE
LAWS OF THE UNITED STATES OF AMERICA. This Second Amendment has been entered
into in Harris County, Texas, and it shall be performable for all purposes in
Harris County, Texas. Courts within the State of Texas shall have jurisdiction
over any and all disputes between the Borrower and the Bank, whether in law or
equity, including, but not limited to, any and all disputes arising out of or
relating to this Second Amendment or any other Loan Documents; and venue in any
such dispute whether in federal or state court shall be laid in Harris County,
Texas.

         XII. Severability. Whenever possible each provision of this Second
Amendment shall be interpreted in such manner as to be effective and valid under
applicable law, but if any provision of this Second Amendment shall be
prohibited by or invalid under applicable law, such provision shall be
ineffective to the extent of such prohibition or invalidity, without
invalidating the remainder of such provision or the remaining provisions of this
Second Amendment.

         XIII. Execution in Counterparts. This Second Amendment may be executed
in any number of counterparts and by the different parties on separate
counterparts on different dates, and each such counterpart shall be deemed to be
an original, but all such counterparts shall together constitute but one and the
same agreement.

         XIV. Section Captions. Section captions used in this Second Amendment
are for convenience of reference only, and shall not affect the construction of
this Second Amendment.

         XV. Successors and Assigns. This Second Amendment shall be binding upon
the Borrower, the Bank and its respective successors and assigns, and shall
inure to the benefit of the Borrower, the Bank and the respective successors and
assigns of the Bank.

         IN WITNESS WHEREOF, the parties hereto have caused this Second
Amendment to be duly executed as of the day and year first above written.

                                      BORROWER:

                                      VENUS EXPLORATION, INC.

                                      By:
                                          --------------------------------------
                                          John Y. Ames
                                          President and Chief Operating Officer

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                                      BANK:

                                      BANK ONE, NA

                                      By:
                                           -------------------------------------
                                           Laurel Varney Mason
                                           Vice President

                                      -7-
<PAGE>   8

STATE OF TEXAS            )
                          )
                          )
COUNTY OF HARRIS          )

This instrument was acknowledged before me on May ___, 2001 by John Y. Ames,
President of Venus Exploration, Inc., a Delaware corporation, on behalf of said
corporation.

                                       ------------------------------------
                                       Notary Public, State of Texas

STATE OF TEXAS            )
                          )
                          )
COUNTY OF HARRIS          )

This instrument was acknowledged before me on May ___, 2001, by Laurel Varney
Mason, Vice President of Bank One, NA, a national banking association, on behalf
of said national banking association.

                                       ------------------------------------
                                       Notary Public, State of Texas

                                      -8-

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