Document:

EXHIBIT 10.10

                              EMPLOYMENT AGREEMENT

                                     BETWEEN

                     MORTGAGE ASSISTANCE CENTER CORPORATION

                                       AND

                                   DALE HENSEL

         THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as
of the 30th day of November, 2006 by and between Mortgage Assistance Center
Corporation, a Florida corporation, (the "Corporation") and Dale Hensel, a
resident of Texas (hereinafter referred to as "Executive").

         WHEREAS, the parties, for and in consideration of the mutual and
reciprocal covenants and agreements hereinafter contained, and intending to be
legally bound hereby, do contract and agree as follows:

         1. Purpose and Employment. The Corporation's primary business (the
"Corporation's Business") is (a) to acquire from banks and other financial
institutions relatively large "pools" or groups, consisting of at least ten (10)
or more multiple non-performing mortgages in any one particular "pool" or group,
together with the underlying distressed real properties primarily composed of
single family residences throughout the United States; (b) to generally purchase
such "pools" or groups of multiple non-performing mortgages through special
purpose entities formed with financial partners through a competitive bidding
process or through direct negotiations with the selling bank or financial
institution; and (c) to categorize and separate the newly-acquired real estate
mortgages and real properties into various sub-groups for management,
rehabilitation and resale, usually over a period of eighteen to twenty-four
months. The purpose of this Agreement is to define the employment relationship
between the Corporation and Executive. The Corporation agrees to employ
Executive as the Corporation's President and Chief Executive Officer, and
Executive hereby accepts such employment by the Corporation, all upon the terms
and conditions hereinafter set forth.

         2. Executive's Duties and Responsibilities.

                  (a) Duties. Executive shall serve the Corporation as its
President and Chief Executive Officer. At all times, Executive shall report to
the Corporation's Board of Directors, shall perform such duties, consistent with
the Executive's employment as the senior corporate executive of the Corporation,
shall hold such other titles with respect to the Corporation, or any of its
divisions, subsidiaries, or affiliates, as the Corporation's Board of Directors
may from time to time determine, and shall comply with all applicable provisions
of the Corporation's certificate of incorporation, and any amendments thereto.
Executive shall have authority to formulate policies for and oversee all aspects
of the Corporation and its divisions, subsidiaries, and affiliates. As to

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employees under his jurisdiction, including those working directly under his
supervision, Executive shall use his best commercially reasonable efforts (i) to
employ and retain only employees who are capable and willing to perform
according to applicable legal requirements and applicable policies of the
Corporation, and also (ii) to assure that such personnel are properly trained
and supervised. Executive may hire and terminate the employment of any other
employee of the Corporation, or of any of its divisions, subsidiaries or
affiliates, who is under his jurisdiction.

                  (b) Responsibilities. Executive agrees that during the term of
his employment by the Corporation he will devote his full business time and his
best commercially reasonable efforts and abilities to the performance of his
duties for the Corporation. Executive agrees to act with the Corporation's best
interest in mind at all times. Executive will conduct himself at the highest
professional standards of ethics and integrity. Executive agrees to use his best
commercially reasonable efforts and skills to preserve the business of the
Corporation and the goodwill of its employees and persons having business
relations with the Corporation. Executive will comply with all of the
Corporation's policies and procedures as applicable to Executive.

                  (c) Permitted Activities. Notwithstanding the foregoing, it
shall not be a violation of Section 2(b) for the Executive to (i) serve on
corporate, civic, or charitable boards or committees, (ii) deliver lectures,
fulfill speaking engagements, or teach at educational institutions during times
other than normal business hours during the business week, or (iii) manage his
personal finances and passive investments, so long as none of such activities
(singularly or collectively) significantly interfere with the performance of the
Executive's responsibilities as an employee of the Corporation in accordance
with this Agreement.

         3. Term. The term of this Agreement shall begin effective as of the day
of closing of the pending financing transaction with FAX, L.P. and then be for
the balance of the calendar year 2006 and then for a period of three years
commencing January 1, 2007, (the "Term") unless terminated earlier by in
accordance with Section 8 of this Agreement. Upon completion of the original
Term, the Agreement shall automatically be renewed for a period of one (1) year
as of each succeeding January 1; provided, however, that the Corporation or the
Executive may terminate the Agreement effective as of any such renewal date by
providing ninety (90) days advance written notice to the other party prior to
such renewal. The parties agree that the obligations created in Sections 6, 7,
10 and 11 of this Agreement will survive the termination of Executive's
employment with the Corporation.

         4. No Limitations. Executive warrants and represents that he is under
no contractual, judicial or other restraint that impairs his right or legal
ability to enter into this Agreement and to carry out his duties and
responsibilities for the Corporation.

         5. Compensation and Benefits. For all the services to be rendered by
Executive hereunder, the Corporation shall provide Executive with the following
compensation and benefits:

         (a) Base Salary. During the Term of this Agreement, the Corporation
will pay Executive an annual base salary of one hundred thirty five thousand
dollars ($135,000 ), payable in monthly installments and in coordination with
the normal payroll cycle of the Corporation. Commencing as of January 1, 2007,

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Executive's Base Salary shall be reviewed no less frequently than annually by
the Corporation and may be adjusted upward (but not downward) by the
Corporation. Upon such annual review during the Term, Executive's Base Salary
shall be increased to the greatest of (i) an amount equal to Base Salary for the
prior year plus 5%, (ii) a factor measured by the increase, if any, in the
Consumer Price Index for Wage Earners and Clerical Workers (CPI-W), as published
by the Bureau of Labor Statistics, for the prior calendar year (the "CPI
Adjustment") or (iii) such greater amount as may be agreed by Executive and the
Company.

                  (b) Incentive Compensation. In the event that the
Corporation's financial performance meets or exceeds the annual financial budget
projection for any fiscal year as approved by the Board of Directors while this
Agreement is in effect, Executive shall receive a cash bonus equal to fifty
percent (50%) of the Executive's base salary. Executive may be entitled to other
bonuses and incentive compensation as may be determined by the Corporation's
Board of Directors in its sole discretion. Each such other bonus or incentive
compensation may be paid in cash or shares of common stock as the Corporation's
Board of Directors shall determine. Such other incentive compensation may also
include options to purchase shares of the Corporation's common stock pursuant to
a plan established by the Corporation's Board of Directors.

                  (c) Vacation and Holidays. Executive shall be entitled to two
(2) weeks' vacation with pay (or such greater length of time as may be approved
from time to time by the Corporation's Board of Directors) during the first
fiscal year of the Agreement, and shall be entitled to three (3) weeks vacation
with pay during each subsequent fiscal year thereafter, with such vacations to
be taken by Executive at such times as shall be consistent with the business
requirements of the Corporation. In addition, Executive shall also be entitled
to such holidays as are customarily observed by the Corporation for its
employees. Unused holidays and days of vacation may not be carried over from one
fiscal year to another, and additional income will not be given for vacation
time or holidays not taken. Notwithstanding anything contained to the contrary
herein, if Executive is terminated without "good cause" as defined herein,
Executive shall receive the base salary for any unused vacation time for the
fiscal year in which such termination without "good cause" occurs.

                  (d) Other Benefits. In addition to other benefits conferred
under this Agreement, Executive shall have the right to participate in (on the
same terms and conditions as available to other senior executives of the
Corporation) all pension plans, retirement plans, deferred compensation plans,
executive compensation plans, major medical, group health, disability,
accidental death and group term life insurance plans, "fringe" benefit plans
(including permissible sick days or leave days), and other employee benefit
plans that the Corporation shall, from time to time, generally confer upon other
senior executives of the Corporation.

                  (e) Expenses. Executive is expected from time to time, to
incur reasonable expenses as he reasonably deems to be for the Corporation's
benefit and for promoting the business of the Corporation, including expenses
for entertainment, travel, and similar items. Executive shall be reimbursed for
all such reasonable expenses (in accordance with the policies and procedures
regarding employee business-related expense from time to time established by the

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Corporation for its senior executive officers) upon his presenting to the
Corporation a detailed itemized expense voucher therefore in accordance with
applicable corporate policies. Executive may also draw funds from the
Corporation, but only to the extent necessary and appropriate, for reasonable
expenses to be incurred on behalf of the Corporation and then only in accordance
with applicable corporate policies. Detailed records of the expenditure of such
funds shall be tendered by Executive for expenses incurred on behalf of the
Corporation in accordance with applicable corporate policies, and if any portion
of such funds are unexpended or unaccountable, then Executive shall promptly
return such unexpended or unaccountable sums to the Corporation.

                  (f) Stock Grants and Options.

                           (1) Restricted Stock Grant. During the Term of this
Agreement, Executive may
receive a grant of shares of the Corporation's Common Stock as determined by the
Board of Directors in its sole discretion. Except as otherwise provided in this
Agreement, in the event the Agreement is terminated for "Good Cause" (as defined
in Section 8(d)), the shares granted to the Executive under this provision shall
be forfeited; provided however, that in the event the Executive is terminated by
the Corporation without Good Cause, the granted shares shall not be forfeited.

         (2) Incentive Stock Options. Upon execution of this Agreement,
Executive shall be granted incentive stock options for a total of
__________________________ shares of the Corporation's common Stock under the
Corporation's stock option plan (the "Incentive Stock Options"). This grant is
effective as of the date of the Agreement (or the date of grant under the plan,
if later). One third of such Incentive Stock Options shall become exercisable on
each successive anniversary of the date of the Agreement, provided that the
Executive is employed by the Corporation on each such anniversary date.

         (3) Non-Vested Shares. If the Executive's employment with the
Corporation is terminated prior to the date on which his right to any shares
granted to him pursuant to this Agreement become fully vested and
non-forfeitable, the Executive's rights to any shares granted under this
Agreement shall automatically become fully vested upon termination of
employment. Notwithstanding the foregoing, if the Executive's employment with
the Corporation is terminated by the Executive upon notice to the Corporation
pursuant to Section 8(c) of this Agreement, or by the Corporation for "good
cause" pursuant to Section 8(d) of this Agreement, the non-vested shares shall
be forfeited on the date of his termination.

         (4) Change-in-Control. Notwithstanding (3) above, upon the occurrence
of a Change-in-Control of the Corporation, the shares granted to the Executive
under this Agreement shall become fully vested and non-forfeitable. For purposes
of this Agreement, "Change-in-Control" shall mean (i) the sale of substantially
all of the assets of the Corporation to another person or entity (other than an
subsidiary or other affiliate of the Corporation), (ii) the acquisition of
actual or beneficial ownership of more than fifty percent of the total combined
voting power of all classes of Corporation stock entitled to vote by a person or
group of persons acting in concert (other than a subsidiary or other affiliate
of the Corporation) who did not own more than fifty percent of such on the date

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of this Agreement, or (iii) the merger of the Corporation into another entity
(other than a subsidiary or other affiliate of the Corporation), where the
Corporation's shareholders (determined as of the date of the merger) own
(directly or indirectly) less than fifty percent of the share of the surviving
entity.

         (5) Transfer of Shares. Until any shares awarded under this Agreement
become fully vested and non-forfeitable, such shares shall be held by the
Corporation in escrow. Upon becoming vested, a Share certificate for the newly
vested shares shall be delivered to the Executive as soon as administratively
feasible after the date of vesting. The Executive shall have all the rights of a
shareholder with respect to the shares held in escrow, including the right to
vote the shares and to receive all dividends and other distributions paid with
respect to the shares. Any shares held in escrow under this Agreement shall be
held, and a certificate shall be issued, in the name of the Executive. The
Executive hereby grants to the Corporation an irrevocable power of attorney to
sign any and all documents and to take such other actions as may be necessary to
transfer ownership to the Corporation of any forfeited shares.

         (6) Unvested Shares Not Subject to Creditors, Except Corporation. Any
shares held in escrow by the Corporation for the Executive under this Agreement
are not subject to the claims of the Executive's creditors and may not be
voluntarily or involuntarily transferred, assigned, alienated, accelerated or
encumbered. Notwithstanding the preceding sentence, any shares deliverable to
the Executive under this Agreement may, as determined by the Corporation's Board
of Directors in their discretion, be offset by any liability of the Executive
owing to the Corporation.

         (7) Section 83(b) Election. The Executive may make a Section 83(b)
election to treat the restricted stock granted to him under Section 4(b) as
taxable income at the time of transfer under this Agreement.

         6. Training and Confidential Information. The Corporation will provide
Executive with such specialized training as the Board of Directors, in its sole
discretion, deems necessary or beneficial to the performance of the Executive's
responsibilities and duties. The Corporation will also provide confidential and
proprietary information to Executive regarding its clients, vendors, employees,
sales, purchasing, pricing, services, computer programs, operations, marketing
plans and financial performance, which has not been previously provided to the
Executive. Executive understands and agrees that after the term of Executive's
employment with the Corporation, Executive will not, directly or indirectly,
knowingly use or disclose any Confidential Information for any reason other than
for the advancement of the Corporation's Business. "Confidential Information"
shall mean any information relating to the Corporation's Business (or to any of
its parents, subsidiaries or affiliates) (whether proprietary or otherwise) not
generally known to the real estate mortgage industry or known by Executive
otherwise than as a consequence of or through his employment with the
Corporation and treated by the Corporation as being confidential, including, but
not limited to, research, marketing, customer lists, databases, financing
sources, methods, techniques and systems, all of which shall be deemed by the
Corporation and Executive as being Confidential Information.

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         7. Restrictive Covenants. In consideration for the commitments made by
the Corporation to the Executive in this Agreement regarding the Corporation's
employment of Executive, the Corporation disclosing its confidential and
proprietary information to him and the Corporation providing training to him,
Executive agrees to the restrictions set out in this Section. Executive
recognizes and agrees that these restrictions are necessary to protect the
Corporation's customer base, good will, confidential information and other
business interests.

                  (a) Non-Competition. Executive agrees that during his
employment with the Corporation, and for a one-year period following the
termination of this Agreement, Executive will not, without the prior written
consent of the Corporation, directly or indirectly, either on his own behalf or
on behalf of any person, partnership, limited liability company, corporation,
association, or otherwise, invest in (other than investments in publicly-owned
companies, but excluding the Corporation, which constitute not more than 1% of
the voting securities of), or perform any of the services which he performed for
the Corporation on behalf of any person or entity which is engaged in the
Corporation's Business (as defined in Section 1 of this Agreement) in any
geographical area in which Executive performed services for the Corporation.

                  (b) Non-Solicitation. Executive agrees that for a one-year
period following the termination of his employment with the Corporation, he will
not, directly or indirectly, in any manner solicit or contact any of the
Corporation's customers or clients that he had personal contact with during his
employment by the Corporation for the purpose of inducing or persuading them to
change in any negative way their business relationship with the Corporation.

                  (c) Non-Hire. Executive agrees that during his employment with
the Corporation and for a one-year period following the termination of his
employment with the Corporation, he will not directly or indirectly, on his own
behalf or on behalf of any other person or business entity, (1) hire any person
employed by the Corporation during the 60 days prior to his termination, (2)
attempt to influence any person employed by the Corporation at the time of his
termination to leave his or her employment or (3) use or disclose to any person
or business entity any Confidential Information regarding any of the
Corporation's employees.

                  (d) Non-Access. Executive agrees that following the
termination of employment with the Corporation, Executive will not access the
Corporation's computer systems, download files or any information from the
Corporation's computer systems or in any way interfere, disrupt, modify or
change any computer program used by the Corporation or any data stored on the
Corporation's computer systems.

                  (e) Consent to Court-Ordered Remedy. Executive acknowledges
that Executive's breach of any covenant set forth in this Section 7 will result
in irreparable injury to the Corporation and that the Corporation's remedies at
law for such a breach are inadequate and extremely difficult to calculate or
determine. Accordingly, Executive agrees and consents that upon such a breach or
threatened breach by Executive of any covenant set forth herein, the Corporation
may be entitled to such remedies in law or equity as may be determined by the
court for such a breach or threatened breach.

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                  (f) Remedies Cumulative and Concurrent. The rights and
remedies of the Corporation, as provided in this Section 7, shall be cumulative
and concurrent and may be pursued separately, successively or together against
Executive at the sole discretion of the Corporation, and may be exercised as
often as occasion therefor shall arise. The failure to exercise any right or
remedy shall in no event be construed as a waiver or release thereof.

         8. Termination of Agreement.

                  (a) Death of the Executive. This Agreement shall automatically
terminate upon the death of Executive.

                  (b) Disability of the Executive. The Corporation may
immediately terminate this Agreement upon the delivery of a Notice of
Termination (as defined in Section 8(e) of this Agreement) to the Executive
setting forth the facts that indicate that a determination has been made that
the Executive has a Disability. For purposes of this Agreement, the Executive
will be deemed to have a "Disability" under any of the following conditions: (1)
the Executive is unable to render and perform substantially and continuously the
Executive's duties and services as required by this Agreement by reason of any
medically determinable physical or mental condition that is expected to result
in death or can reasonably be expected to last for a continuous period of not
less than 12 months, (2) the Executive is determined to be disabled in
accordance with a disability income insurance program sponsored by the
Corporation, provided the definition of disability applied under such program
complies with the requirements of Section 409A of the Code, or (3) the Executive
is determined to be totally disabled by the Social Security Administration. Upon
the request of either party hereto following written notice to the other, the
Disability of the Executive in accordance with part (1) of the preceding
sentence will be determined by a medical doctor (the "Examining Doctor") who
shall be selected as follows: the Corporation and the Executive shall each
select a medical doctor, and those two medical doctors will select a third
medical doctor who will be the Examining Doctor. The determination of the
Examining Doctor as to whether or not the Executive has a Disability pursuant to
part (1) of this Section 8(b), will be binding on both parties hereto. For
purposes of part (1) of this Section 8(b), the Executive must submit to a
reasonable number of examinations by the Examining Doctor, and the Executive
hereby authorizes the disclosure and release to the Corporation of such
determination and the results of such examinations; provided, however, if the
Executive is not legally competent, the Executive's legal guardian or duly
authorized attorney-in-fact will act in the Executive's stead under this Section
8(b) for the purposes of submitting the Executive to examinations and providing
any such authorizations of disclosure.

                  (c) Upon Notice. After the Term (as defined in Section 3 of
this Agreement), this Agreement may be terminated by (i) the Executive giving
the Corporation written notice of the intent to terminate at least 90 days prior
to the date on which this Agreement is due to automatically renew or (ii) the
Corporation giving the Executive written notice of the intent to terminate
either immediately or at some time in the future. Upon giving such notice the
parties shall meet and in good faith confer regarding Executive's work
responsibilities during the notice period. During the notice period following
either party's notice of intent to terminate the employment relationship
Executive agrees to use his best efforts to continue his work for the
Corporation and the Corporation will continue compensating Executive until his
termination date with his same pay and benefits as before the notice was given.

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                  (d) Termination for "Good Cause". The Corporation may
immediately terminate this Agreement upon the delivery of a Notice of
Termination (as defined in Section 8(e) of this Agreement) to the Executive
setting forth the facts that indicate that an event constituting "Good Cause"
has occurred, or on such later date as may be set forth in such Notice of
Termination. For purposes of this Agreement, "Good Cause" shall mean: (1)
Executive's gross negligence in performing his duties hereunder for a continuous
period of ten (10) business days after receiving specific and detailed written
notice from the Board of Directors setting forth the actions or inactions that
constitute the alleged gross negligence as well as the corrective actions
requested by the Board of Directors to the Executive; (2) Executive's willful
and continuous failure or refusal to perform his duties hereunder for a period
of thirty (30) days after receiving specific and detailed written notice from
the Board of Directors; (3) Executive's intentional wrongful act or intentional
wrongful failure to act that materially and adversely affects the business
affairs of the Corporation as determined in good faith by the Board of
Directors; or (4) Executive's non-appealable judicial determination of, or
conviction for, any act of fraud, any commission of any felony other than a
minor third degree felony such as a moving traffic violation involving a DWI or
a DUI conviction, a material breach of any provision of this Agreement likely to
cause material harm or damage to the Corporation, Executive's intentional
involvement in any material conflict of interest or self-dealing transaction in
violation of the applicable corporate laws of the State of Texas, or other
material breach of any of Executive's quasi-fiduciary duties to the Corporation
in violation of the applicable corporate laws of the State of Texas (including,
but not limited to, the duties of due care, loyalty, and fair dealing) as
determined in good faith by the Board of Directors of the Corporation.

                  (e) Notice of Termination. For purposes of this Agreement, a
"Notice of Termination" shall mean a written notice (delivered in accordance
with Section 14) that indicates the specific termination provision in this
Agreement upon which the party intending to terminate the Agreement is relying
and sets forth in reasonable detail the facts and circumstances that provide a
basis for termination of the Agreement under such termination provision.

         9. Severance Benefits. In addition to any payments of Base Salary that
are due to the Executive pursuant to Section 5 of this Agreement, upon the
termination of this Agreement, the Corporation shall pay the Executive, or his
Designated Beneficiary (as defined in this Section 9), if at all, as follows:

                  (a) Termination upon Death or Disability. If this Agreement is
terminated in accordance with Section 8(a) or 8(b), the Corporation will pay to
the disabled Executive or to the Executive's Designated Beneficiary, as the case
may be, three months of the Executive's Base Salary at the time of his Death or
Disability. The Executive or the Executive's Designated Beneficiary also will be
entitled to receive the amount of incentive compensation which the Executive has
earned through the termination of this Agreement as determined in good faith by
the Board of Directors. Further, any restricted stock grants which have been
made to the Executive pursuant to this Agreement, any other restricted stock
grants to the Executive, and any outstanding stock options granted to the
Executive shall become fully vested. Except to the extent otherwise provided in

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this Section 9(a), the Executive or the Executive's Designated Beneficiary shall
have no right to receive, and the Corporation shall have no further obligation
to pay to the Executive, further monthly installments of compensation or
benefits set forth in Section 5 of this Agreement. For the purposes of this
Agreement, the Executive's "Designated Beneficiary" means such individual
beneficiary or trust, located at such address as the Executive may designate by
written notice to the Corporation from time to time or, if the Executive fails
to give written notice to the Corporation of such a beneficiary, the Executive's
estate; provided, however, that, notwithstanding the preceding clause of this
sentence, the Corporation shall have no duty under any circumstances to attempt
to open an estate on behalf of the Executive, to determine whether any
beneficiary designated by the Executive is alive, to determine the existence of
any trust, to determine whether any person or entity purporting to act as the
Executive's personal representative (or the trustee of a trust established by
the Executive) is duly authorized to act in that capacity, or to locate or
attempt to locate any beneficiary, personal representative, or trustee.

                  (b) Termination by the Corporation "Upon Notice". If this
Agreement is terminated by the Corporation in accordance with Section 8(c) of
this Agreement, the Corporation will continue to provide Executive with all the
compensation and benefits set forth in Section 5 of this Agreement after the
termination for (i) the remainder of the calendar year during which the
termination occurs and (ii) for the subsequent calendar year. Any Base Salary to
which the Executive is entitled under this Section 9(b) shall be paid in
accordance with the Corporation's normal payroll practices

                  (c) Termination by the Corporation for "Good Cause" or by the
Executive "Upon Notice". If this Agreement is terminated by the Corporation in
accordance with Section 8(d) of this Agreement or by the Executive in accordance
with Section 8(c) of this Agreement, the Executive will be entitled to receive
solely that portion of his Base Salary accrued by the Executive through the date
on which the Executive's employment is terminated. The Executive shall not
receive, and shall not be entitled to receive, any compensation or benefits
thereafter, except as otherwise required in accordance with federal or state law
or the terms of the plans or agreements governing the benefits provided
hereunder. Any Base Salary to which the Executive is entitled under this Section
9(c) shall be paid in accordance with the Corporation's normal payroll
practices.

                  (d) Release. No amount shall be payable to the Executive under
Section 9(a) or 9(b) following the termination of this Agreement, unless the
Executive (or the Executive's Designated Beneficiary in the event of termination
of employment due to the Executive's death) signs and delivers to the
Corporation a General Release acceptable to and approved by the Corporation, and
the Corporation signs and delivers to Executive a substantially similar General
Release

         10. Return of Property to The Corporation. Upon the termination of his
employment by the Corporation, Executive agrees to immediately provide the
Corporation with a written inventory of all Corporation-owned property in his
possession or under his control and to immediately return to the Corporation all
Corporation-owned property in his possession or control. After his termination
Executive will not retain copies of any documents or other property belonging to
the Corporation.

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         11. Required Notice. Executive agrees that prior to beginning any new
employment following the termination of his employment with the Corporation and
for one year thereafter, Executive will provide the Corporation with 10 business
days' written notice regarding Executive's new employment. The notice will
identify Executive's new employer, designate the position the Executive will
fill for the new employer.

         12. Indemnity. To the fullest extent permitted by law, the Corporation
shall indemnify Executive and hold him harmless for any acts or decisions made
by him in good faith while performing services for the Corporation. In addition,
to the fullest extent permitted by law, the Corporation shall pay all expenses,
including attorneys' fees, actually and necessarily incurred by Executive in
connection with the defense of any action, suit or proceeding challenging such
acts of decisions and in connection with any appeal thereon including the costs
of settlement. This indemnification obligation shall survive the termination of
the Executive's employment hereunder.

         13. Waiver of Breach of Violation Not Deemed Continuing. The waiver by
either party of a breach or violation of any provision of this Agreement shall
not operate as or be construed to be a waiver of any subsequent breach hereof.

         14. Notices. Any and all notices required or permitted to be given
under this Agreement will be sufficient if furnished in writing, personally
delivered or sent by certified mail, return receipt requested as follows:

                     To Executive: ________________________
                                   ________________________
                                   ________________________

                     To the Corporation: Mortgage Assistance Center Corporation
                                         2614 Main Street
                                         Dallas, Texas 75226

         15. Securities Law Compliance. The Executive represents and agrees that
any shares Executive receives under this Agreement are and shall be for
Executive's own account and with no intention of reselling or distributing the
shares, except as permitted under this Agreement and any applicable federal and
state securities laws. The Corporation shall have the right to take any actions
it may deem necessary or appropriate to ensure that the shares granted to the
Executive complies with applicable federal and state securities laws.

         16. Tax Liability. The Corporation may withhold from any payment made
pursuant to this Agreement any federal, state or local taxes required to be
withheld from such payment. The Executive shall make such arrangements as may be
required or be satisfactory to the Corporation (in its sole discretion) for the
payment of any tax withholding obligations that arise in connection with the
granting of shares under this Agreement. The Corporation shall not be required
to issue any shares under this Agreement until such obligations are satisfied.

<PAGE>

         17. Governing Law. This Agreement shall be interpreted, construed and
governed according to the laws of the State of Texas. The parties hereto consent
to jurisdiction and venue in the Texas state courts in Dallas, Texas and United
States District Court for the Northern District of Texas, Dallas Division.

         18. Section Headings. The Section headings contained in this Agreement
are for convenience only and shall in no manner be construed as a part of this
Agreement.

         19. Entire Agreement. This Agreement supersedes all prior discussions
and agreements between the Corporation, any of its officers, directors,
employees, or agents, and Executive with respect to all mattes relating to the
employment by the Corporation of Executive and all other matters contained
herein, and this Agreement constitutes the sole and entire agreement with
respect thereto. Any representation, inducement, promise or agreement, whether
oral or written, between the Corporation, any of its officers, directors,
employees, or agents, and Executive, which is not embodied herein, shall be of
no force or effect.

         20. Successors and Assignors. This Agreement shall be binding upon, and
shall inure to the benefit of, the Corporation and Executive and the respective
heirs, personal and legal representatives, successors, and assigns of each.

         21. Severability. If any term, covenant or condition of this Agreement
or the application thereof to any person or circumstance shall, to any extent,
be invalid or unenforceable the remainder of this Agreement or the application
of such terms, covenants and conditions to persons or circumstances other than
those as to which it is held invalid or unenforceable shall be affected thereby
and each term, covenant or condition of this Agreement shall be valid and be
enforced to the fullest extent permitted by law.

<PAGE>

         IN WITNESS WHEREOF, the Corporation has hereunder caused this Agreement
to be executed by its duly authorized offices and seals to be hereunto affixed,
and Executive has hereunto set Executive's hand and seal, all being done in
duplicate originals delivered to each party as of the day and year first above
written.

ACKNOWLEDGED AND AGREED TO:

         "EXECUTIVE":

         ________________________
         DALE HENSEL

         "CORPORATION": MORTGAGE ASSISTANCE CENTER CORPORATION:

         ________________________

         By: (print name)_______________________
         Title: (print)_________________________EXHIBIT 10.11

                              EMPLOYMENT AGREEMENT

                                     BETWEEN

                     MORTGAGE ASSISTANCE CENTER CORPORATION

                                       AND

                                   DAN BARNETT

         THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as
of the 30th day of November, 2006 by and between Mortgage Assistance Center
Corporation, a Florida corporation, (the "Corporation") and Dan Barnett, a
resident of Texas (hereinafter referred to as "Executive").

         WHEREAS, the parties, for and in consideration of the mutual and
reciprocal covenants and agreements hereinafter contained, and intending to be
legally bound hereby, do contract and agree as follows:

         1. Purpose and Employment. The Corporation's primary business (the
"Corporation's Business") is (a) to acquire from banks and other financial
institutions relatively large "pools" or groups, consisting of at least ten (10)
or more multiple non-performing mortgages in any one particular "pool" or group,
together with the underlying distressed real properties primarily composed of
single family residences throughout the United States; (b) to generally purchase
such "pools" or groups of multiple non-performing mortgages through special
purpose entities formed with financial partners through a competitive bidding
process or through direct negotiations with the selling bank or financial
institution; and (c) to categorize and separate the newly-acquired real estate
mortgages and real properties into various sub-groups for management,
rehabilitation and resale, usually over a period of eighteen to twenty-four
months. The purpose of this Agreement is to define the employment relationship
between the Corporation and Executive. The Corporation agrees to employ
Executive as the Corporation's Senior Vice President, Secretary and Treasurer,
and Executive hereby accepts such employment by the Corporation, all upon the
terms and conditions hereinafter set forth.

         2. Executive's Duties and Responsibilities.

                  (a) Duties. Executive shall serve the Corporation as its
Senior Vice President, Secretary and Treasurer. At all times, Executive shall
report to the Corporation's President and Board of Directors, shall perform such
duties, consistent with the Executive's employment as a senior corporate
executive of the Corporation, shall hold such other titles with respect to the
Corporation, or any of its divisions, subsidiaries, or affiliates, as the
Corporation's Board of Directors may from time to time determine, and shall
comply with all applicable provisions of the Corporation's certificate of
incorporation, and any amendments thereto. Executive shall have authority to
formulate policies for and oversee all aspects of the Corporation and its
divisions, subsidiaries, and affiliates. As to employees under his jurisdiction,
including those working directly under his supervision, Executive shall use his
best commercially reasonable efforts (i) to employ and retain only employees who
are capable and willing to perform according to applicable legal requirements
and applicable policies of the Corporation, and also (ii) to assure that such
personnel are properly trained and supervised. Executive may hire and terminate
the employment of any other employee of the Corporation, or of any of its
divisions, subsidiaries or affiliates, who is under his jurisdiction.

<PAGE>

                  (b) Responsibilities. Executive agrees that during the term of
his employment by the Corporation he will devote his full business time and his
best commercially reasonable efforts and abilities to the performance of his
duties for the Corporation. Executive agrees to act with the Corporation's best
interest in mind at all times. Executive will conduct himself at the highest
professional standards of ethics and integrity. Executive agrees to use his best
commercially reasonable efforts and skills to preserve the business of the
Corporation and the goodwill of its employees and persons having business
relations with the Corporation. Executive will comply with all of the
Corporation's policies and procedures as applicable to Executive.

                  (c) Permitted Activities. Notwithstanding the foregoing, it
shall not be a violation of Section 2(b) for the Executive to (i) serve on
corporate, civic, or charitable boards or committees, (ii) deliver lectures,
fulfill speaking engagements, or teach at educational institutions during times
other than normal business hours during the business week, or (iii) manage his
personal finances and passive investments, so long as none of such activities
(singularly or collectively) significantly interfere with the performance of the
Executive's responsibilities as an employee of the Corporation in accordance
with this Agreement.

         3. Term. The term of this Agreement shall begin effective as of the day
of closing of the pending financing transaction with FAX, L.P. and then be for
the balance of the calendar year 2006 and then for a period of three years
commencing January 1, 2007, (the "Term") unless terminated earlier by in
accordance with Section 8 of this Agreement. Upon completion of the original
Term, the Agreement shall automatically be renewed for a period of one (1) year
as of each succeeding January 1; provided, however, that the Corporation or the
Executive may terminate the Agreement effective as of any such renewal date by
providing ninety (90) days advance written notice to the other party prior to
such renewal. The parties agree that the obligations created in Sections 6, 7,
10 and 11 of this Agreement will survive the termination of Executive's
employment with the Corporation.

         4. No Limitations. Executive warrants and represents that he is under
no contractual, judicial or other restraint that impairs his right or legal
ability to enter into this Agreement and to carry out his duties and
responsibilities for the Corporation.

         5. Compensation and Benefits. For all the services to be rendered by
Executive hereunder, the Corporation shall provide Executive with the following
compensation and benefits:

         (a) Base Salary. During the Term of this Agreement, the Corporation
will pay Executive an annual base salary of one hundred thirty five thousand
dollars ($135,000 ), payable in monthly installments and in coordination with
the normal payroll cycle of the Corporation. Commencing as of January 1, 2007,

<PAGE>

Executive's Base Salary shall be reviewed no less frequently than annually by
the Corporation and may be adjusted upward (but not downward) by the
Corporation. Upon such annual review during the Term, Executive's Base Salary
shall be increased to the greatest of (i) an amount equal to Base Salary for the
prior year plus 5%, (ii) a factor measured by the increase, if any, in the
Consumer Price Index for Wage Earners and Clerical Workers (CPI-W), as published
by the Bureau of Labor Statistics, for the prior calendar year (the "CPI
Adjustment") or (iii) such greater amount as may be agreed by Executive and the
Company.

                  (b) Incentive Compensation. In the event that the
Corporation's financial performance meets or exceeds the annual financial budget
projection for any fiscal year as approved by the Board of Directors while this
Agreement is in effect, Executive shall receive a cash bonus equal to fifty
percent (50%) of the Executive's base salary. Executive may be entitled to other
bonuses and incentive compensation as may be determined by the Corporation's
Board of Directors in its sole discretion. Each such other bonus or incentive
compensation may be paid in cash or shares of common stock as the Corporation's
Board of Directors shall determine. Such other incentive compensation may also
include options to purchase shares of the Corporation's common stock pursuant to
a plan established by the Corporation's Board of Directors.

                  (c) Vacation and Holidays. Executive shall be entitled to two
(2) weeks' vacation with pay (or such greater length of time as may be approved
from time to time by the Corporation's Board of Directors) during the first
fiscal year of the Agreement, and shall be entitled to three (3) weeks vacation
with pay during each subsequent fiscal year thereafter, with such vacations to
be taken by Executive at such times as shall be consistent with the business
requirements of the Corporation. In addition, Executive shall also be entitled
to such holidays as are customarily observed by the Corporation for its
employees. Unused holidays and days of vacation may not be carried over from one
fiscal year to another, and additional income will not be given for vacation
time or holidays not taken. Notwithstanding anything contained to the contrary
herein, if Executive is terminated without "good cause" as defined herein,
Executive shall receive the base salary for any unused vacation time for the
fiscal year in which such termination without "good cause" occurs.

                  (d) Other Benefits. In addition to other benefits conferred
under this Agreement, Executive shall have the right to participate in (on the
same terms and conditions as available to other senior executives of the
Corporation) all pension plans, retirement plans, deferred compensation plans,
executive compensation plans, major medical, group health, disability,
accidental death and group term life insurance plans, "fringe" benefit plans
(including permissible sick days or leave days), and other employee benefit
plans that the Corporation shall, from time to time, generally confer upon other
senior executives of the Corporation.

                  (e) Expenses. Executive is expected from time to time, to
incur reasonable expenses as he reasonably deems to be for the Corporation's
benefit and for promoting the business of the Corporation, including expenses
for entertainment, travel, and similar items. Executive shall be reimbursed for
all such reasonable expenses (in accordance with the policies and procedures
regarding employee business-related expense from time to time established by the
Corporation for its senior executive officers) upon his presenting to the

<PAGE>

Corporation a detailed itemized expense voucher therefore in accordance with
applicable corporate policies. Executive may also draw funds from the
Corporation, but only to the extent necessary and appropriate, for reasonable
expenses to be incurred on behalf of the Corporation and then only in accordance
with applicable corporate policies. Detailed records of the expenditure of such
funds shall be tendered by Executive for expenses incurred on behalf of the
Corporation in accordance with applicable corporate policies, and if any portion
of such funds are unexpended or unaccountable, then Executive shall promptly
return such unexpended or unaccountable sums to the Corporation.

                  (f) Stock Grants and Options.

         (1) Restricted Stock Grant. During the Term of this Agreement,
Executive may receive a grant of shares of the Corporation's Common Stock as
determined by the Board of Directors in its sole discretion. Except as otherwise
provided in this Agreement, in the event the Agreement is terminated for "Good
Cause" (as defined in Section 8(d)), the shares granted to the Executive under
this provision shall be forfeited; provided however, that in the event the
Executive is terminated by the Corporation without Good Cause, the granted
shares shall not be forfeited.

         (2) Incentive Stock Options. Upon execution of this Agreement,
Executive shall be granted incentive stock options for a total of
__________________________ shares of the Corporation's common Stock under the
Corporation's stock option plan (the "Incentive Stock Options"). This grant is
effective as of the date of the Agreement (or the date of grant under the plan,
if later). One third of such Incentive Stock Options shall become exercisable on
each successive anniversary of the date of the Agreement, provided that the
Executive is employed by the Corporation on each such anniversary date.

         (3) Non-Vested Shares. If the Executive's employment with the
Corporation is terminated prior to the date on which his right to any shares
granted to him pursuant to this Agreement become fully vested and
non-forfeitable, the Executive's rights to any shares granted under this
Agreement shall automatically become fully vested upon termination of
employment. Notwithstanding the foregoing, if the Executive's employment with
the Corporation is terminated by the Executive upon notice to the Corporation
pursuant to Section 8(c) of this Agreement, or by the Corporation for "good
cause" pursuant to Section 8(d) of this Agreement, the non-vested shares shall
be forfeited on the date of his termination.

         (4) Change-in-Control. Notwithstanding (3) above, upon the occurrence
of a Change-in-Control of the Corporation, the shares granted to the Executive
under this Agreement shall become fully vested and non-forfeitable. For purposes
of this Agreement, "Change-in-Control" shall mean (i) the sale of substantially
all of the assets of the Corporation to another person or entity (other than an
subsidiary or other affiliate of the Corporation), (ii) the acquisition of
actual or beneficial ownership of more than fifty percent of the total combined
voting power of all classes of Corporation stock entitled to vote by a person or
group of persons acting in concert (other than a subsidiary or other affiliate
of the Corporation) who did not own more than fifty percent of such on the date

<PAGE>

of this Agreement, or (iii) the merger of the Corporation into another entity
(other than a subsidiary or other affiliate of the Corporation), where the
Corporation's shareholders (determined as of the date of the merger) own
(directly or indirectly) less than fifty percent of the share of the surviving
entity.

         (5) Transfer of Shares. Until any shares awarded under this Agreement
become fully vested and non-forfeitable, such shares shall be held by the
Corporation in escrow. Upon becoming vested, a Share certificate for the newly
vested shares shall be delivered to the Executive as soon as administratively
feasible after the date of vesting. The Executive shall have all the rights of a
shareholder with respect to the shares held in escrow, including the right to
vote the shares and to receive all dividends and other distributions paid with
respect to the shares. Any shares held in escrow under this Agreement shall be
held, and a certificate shall be issued, in the name of the Executive. The
Executive hereby grants to the Corporation an irrevocable power of attorney to
sign any and all documents and to take such other actions as may be necessary to
transfer ownership to the Corporation of any forfeited shares.

         (6) Unvested Shares Not Subject to Creditors, Except Corporation. Any
shares held in escrow by the Corporation for the Executive under this Agreement
are not subject to the claims of the Executive's creditors and may not be
voluntarily or involuntarily transferred, assigned, alienated, accelerated or
encumbered. Notwithstanding the preceding sentence, any shares deliverable to
the Executive under this Agreement may, as determined by the Corporation's Board
of Directors in their discretion, be offset by any liability of the Executive
owing to the Corporation.

         (7) Section 83(b) Election. The Executive may make a Section 83(b)
election to treat the restricted stock granted to him under Section 4(b) as
taxable income at the time of transfer under this Agreement.

         6. Training and Confidential Information. The Corporation will provide
Executive with such specialized training as the Board of Directors, in its sole
discretion, deems necessary or beneficial to the performance of the Executive's
responsibilities and duties. The Corporation will also provide confidential and
proprietary information to Executive regarding its clients, vendors, employees,
sales, purchasing, pricing, services, computer programs, operations, marketing
plans and financial performance, which has not been previously provided to the
Executive. Executive understands and agrees that after the term of Executive's
employment with the Corporation, Executive will not, directly or indirectly,
knowingly use or disclose any Confidential Information for any reason other than
for the advancement of the Corporation's Business. "Confidential Information"
shall mean any information relating to the Corporation's Business (or to any of
its parents, subsidiaries or affiliates) (whether proprietary or otherwise) not
generally known to the real estate mortgage industry or known by Executive
otherwise than as a consequence of or through his employment with the
Corporation and treated by the Corporation as being confidential, including, but
not limited to, research, marketing, customer lists, databases, financing
sources, methods, techniques and systems, all of which shall be deemed by the
Corporation and Executive as being Confidential Information.

<PAGE>

         7. Restrictive Covenants. In consideration for the commitments made by
the Corporation to the Executive in this Agreement regarding the Corporation's
employment of Executive, the Corporation disclosing its confidential and
proprietary information to him and the Corporation providing training to him,
Executive agrees to the restrictions set out in this Section. Executive
recognizes and agrees that these restrictions are necessary to protect the
Corporation's customer base, good will, confidential information and other
business interests.

                  (a) Non-Competition. Executive agrees that during his
employment with the Corporation, and for a one-year period following the
termination of this Agreement, Executive will not, without the prior written
consent of the Corporation, directly or indirectly, either on his own behalf or
on behalf of any person, partnership, limited liability company, corporation,
association, or otherwise, invest in (other than investments in publicly-owned
companies, but excluding the Corporation, which constitute not more than 1% of
the voting securities of), or perform any of the services which he performed for
the Corporation on behalf of any person or entity which is engaged in the
Corporation's Business (as defined in Section 1 of this Agreement) in any
geographical area in which Executive performed services for the Corporation.

                  (b) Non-Solicitation. Executive agrees that for a one-year
period following the termination of his employment with the Corporation, he will
not, directly or indirectly, in any manner solicit or contact any of the
Corporation's customers or clients that he had personal contact with during his
employment by the Corporation for the purpose of inducing or persuading them to
change in any negative way their business relationship with the Corporation.

                  (c) Non-Hire. Executive agrees that during his employment with
the Corporation and for a one-year period following the termination of his
employment with the Corporation, he will not directly or indirectly, on his own
behalf or on behalf of any other person or business entity, (1) hire any person
employed by the Corporation during the 60 days prior to his termination, (2)
attempt to influence any person employed by the Corporation at the time of his
termination to leave his or her employment or (3) use or disclose to any person
or business entity any Confidential Information regarding any of the
Corporation's employees.

                  (d) Non-Access. Executive agrees that following the
termination of employment with the Corporation, Executive will not access the
Corporation's computer systems, download files or any information from the
Corporation's computer systems or in any way interfere, disrupt, modify or
change any computer program used by the Corporation or any data stored on the
Corporation's computer systems.

                  (e) Consent to Court-Ordered Remedy. Executive acknowledges
that Executive's breach of any covenant set forth in this Section 7 will result
in irreparable injury to the Corporation and that the Corporation's remedies at
law for such a breach are inadequate and extremely difficult to calculate or
determine. Accordingly, Executive agrees and consents that upon such a breach or
threatened breach by Executive of any covenant set forth herein, the Corporation
may be entitled to such remedies in law or equity as may be determined by the
court for such a breach or threatened breach.

<PAGE>

                  (f) Remedies Cumulative and Concurrent. The rights and
remedies of the Corporation, as provided in this Section 7, shall be cumulative
and concurrent and may be pursued separately, successively or together against
Executive at the sole discretion of the Corporation, and may be exercised as
often as occasion therefor shall arise. The failure to exercise any right or
remedy shall in no event be construed as a waiver or release thereof.

         8. Termination of Agreement.

                  (a) Death of the Executive. This Agreement shall automatically
terminate upon the death of Executive.

                  (b) Disability of the Executive. The Corporation may
immediately terminate this Agreement upon the delivery of a Notice of
Termination (as defined in Section 8(e) of this Agreement) to the Executive
setting forth the facts that indicate that a determination has been made that
the Executive has a Disability. For purposes of this Agreement, the Executive
will be deemed to have a "Disability" under any of the following conditions: (1)
the Executive is unable to render and perform substantially and continuously the
Executive's duties and services as required by this Agreement by reason of any
medically determinable physical or mental condition that is expected to result
in death or can reasonably be expected to last for a continuous period of not
less than 12 months, (2) the Executive is determined to be disabled in
accordance with a disability income insurance program sponsored by the
Corporation, provided the definition of disability applied under such program
complies with the requirements of Section 409A of the Code, or (3) the Executive
is determined to be totally disabled by the Social Security Administration. Upon
the request of either party hereto following written notice to the other, the
Disability of the Executive in accordance with part (1) of the preceding
sentence will be determined by a medical doctor (the "Examining Doctor") who
shall be selected as follows: the Corporation and the Executive shall each
select a medical doctor, and those two medical doctors will select a third
medical doctor who will be the Examining Doctor. The determination of the
Examining Doctor as to whether or not the Executive has a Disability pursuant to
part (1) of this Section 8(b), will be binding on both parties hereto. For
purposes of part (1) of this Section 8(b), the Executive must submit to a
reasonable number of examinations by the Examining Doctor, and the Executive
hereby authorizes the disclosure and release to the Corporation of such
determination and the results of such examinations; provided, however, if the
Executive is not legally competent, the Executive's legal guardian or duly
authorized attorney-in-fact will act in the Executive's stead under this Section
8(b) for the purposes of submitting the Executive to examinations and providing
any such authorizations of disclosure.

                  (c) Upon Notice. After the Term (as defined in Section 3 of
this Agreement), this Agreement may be terminated by (i) the Executive giving
the Corporation written notice of the intent to terminate at least 90 days prior
to the date on which this Agreement is due to automatically renew or (ii) the
Corporation giving the Executive written notice of the intent to terminate
either immediately or at some time in the future. Upon giving such notice the
parties shall meet and in good faith confer regarding Executive's work
responsibilities during the notice period. During the notice period following
either party's notice of intent to terminate the employment relationship
Executive agrees to use his best efforts to continue his work for the
Corporation and the Corporation will continue compensating Executive until his
termination date with his same pay and benefits as before the notice was given.

<PAGE>

                  (d) Termination for "Good Cause". The Corporation may
immediately terminate this Agreement upon the delivery of a Notice of
Termination (as defined in Section 8(e) of this Agreement) to the Executive
setting forth the facts that indicate that an event constituting "Good Cause"
has occurred, or on such later date as may be set forth in such Notice of
Termination. For purposes of this Agreement, "Good Cause" shall mean: (1)
Executive's gross negligence in performing his duties hereunder for a continuous
period of ten (10) business days after receiving specific and detailed written
notice from the Board of Directors setting forth the actions or inactions that
constitute the alleged gross negligence as well as the corrective actions
requested by the Board of Directors to the Executive; (2) Executive's willful
and continuous failure or refusal to perform his duties hereunder for a period
of thirty (30) days after receiving specific and detailed written notice from
the Board of Directors; (3) Executive's intentional wrongful act or intentional
wrongful failure to act that materially and adversely affects the business
affairs of the Corporation as determined in good faith by the Board of
Directors; or (4) Executive's non-appealable judicial determination of, or
conviction for, any act of fraud, any commission of any felony other than a
minor third degree felony such as a moving traffic violation involving a DWI or
a DUI conviction, a material breach of any provision of this Agreement likely to
cause material harm or damage to the Corporation, Executive's intentional
involvement in any material conflict of interest or self-dealing transaction in
violation of the applicable corporate laws of the State of Texas, or other
material breach of any of Executive's quasi-fiduciary duties to the Corporation
in violation of the applicable corporate laws of the State of Texas (including,
but not limited to, the duties of due care, loyalty, and fair dealing) as
determined in good faith by the Board of Directors of the Corporation.

                  (e) Notice of Termination. For purposes of this Agreement, a
"Notice of Termination" shall mean a written notice (delivered in accordance
with Section 14) that indicates the specific termination provision in this
Agreement upon which the party intending to terminate the Agreement is relying
and sets forth in reasonable detail the facts and circumstances that provide a
basis for termination of the Agreement under such termination provision.

<PAGE>

         9. Severance Benefits. In addition to any payments of Base Salary that
are due to the Executive pursuant to Section 5 of this Agreement, upon the
termination of this Agreement, the Corporation shall pay the Executive, or his
Designated Beneficiary (as defined in this Section 9), if at all, as follows:

                  (a) Termination upon Death or Disability. If this Agreement is
terminated in accordance with Section 8(a) or 8(b), the Corporation will pay to
the disabled Executive or to the Executive's Designated Beneficiary, as the case
may be, three months of the Executive's Base Salary at the time of his Death or
Disability. The Executive or the Executive's Designated Beneficiary also will be
entitled to receive the amount of incentive compensation which the Executive has
earned through the termination of this Agreement as determined in good faith by
the Board of Directors. Further, any restricted stock grants which have been
made to the Executive pursuant to this Agreement, any other restricted stock
grants to the Executive, and any outstanding stock options granted to the
Executive shall become fully vested. Except to the extent otherwise provided in
this Section 9(a), the Executive or the Executive's Designated Beneficiary shall
have no right to receive, and the Corporation shall have no further obligation
to pay to the Executive, further monthly installments of compensation or
benefits set forth in Section 5 of this Agreement. For the purposes of this
Agreement, the Executive's "Designated Beneficiary" means such individual

<PAGE>

beneficiary or trust, located at such address as the Executive may designate by
written notice to the Corporation from time to time or, if the Executive fails
to give written notice to the Corporation of such a beneficiary, the Executive's
estate; provided, however, that, notwithstanding the preceding clause of this
sentence, the Corporation shall have no duty under any circumstances to attempt
to open an estate on behalf of the Executive, to determine whether any
beneficiary designated by the Executive is alive, to determine the existence of
any trust, to determine whether any person or entity purporting to act as the
Executive's personal representative (or the trustee of a trust established by
the Executive) is duly authorized to act in that capacity, or to locate or
attempt to locate any beneficiary, personal representative, or trustee.

                  (b) Termination by the Corporation "Upon Notice". If this
Agreement is terminated by the Corporation in accordance with Section 8(c) of
this Agreement, the Corporation will continue to provide Executive with all the
compensation and benefits set forth in Section 5 of this Agreement after the
termination for (i) the remainder of the calendar year during which the
termination occurs and (ii) for the subsequent calendar year. Any Base Salary to
which the Executive is entitled under this Section 9(b) shall be paid in
accordance with the Corporation's normal payroll practices

                  (c) Termination by the Corporation for "Good Cause" or by the
Executive "Upon Notice". If this Agreement is terminated by the Corporation in
accordance with Section 8(d) of this Agreement or by the Executive in accordance
with Section 8(c) of this Agreement, the Executive will be entitled to receive
solely that portion of his Base Salary accrued by the Executive through the date
on which the Executive's employment is terminated. The Executive shall not
receive, and shall not be entitled to receive, any compensation or benefits
thereafter, except as otherwise required in accordance with federal or state law
or the terms of the plans or agreements governing the benefits provided
hereunder. Any Base Salary to which the Executive is entitled under this Section
9(c) shall be paid in accordance with the Corporation's normal payroll
practices.

                  (d) Release. No amount shall be payable to the Executive under
Section 9(a) or 9(b) following the termination of this Agreement, unless the
Executive (or the Executive's Designated Beneficiary in the event of termination
of employment due to the Executive's death) signs and delivers to the
Corporation a General Release acceptable to and approved by the Corporation, and
the Corporation signs and delivers to Executive a substantially similar General
Release

         10. Return of Property to The Corporation. Upon the termination of his
employment by the Corporation, Executive agrees to immediately provide the
Corporation with a written inventory of all Corporation-owned property in his
possession or under his control and to immediately return to the Corporation all
Corporation-owned property in his possession or control. After his termination
Executive will not retain copies of any documents or other property belonging to
the Corporation.

<PAGE>

         11. Required Notice. Executive agrees that prior to beginning any new
employment following the termination of his employment with the Corporation and
for one year thereafter, Executive will provide the Corporation with 10 business
days' written notice regarding Executive's new employment. The notice will
identify Executive's new employer, designate the position the Executive will
fill for the new employer.

         12. Indemnity. To the fullest extent permitted by law, the Corporation
shall indemnify Executive and hold him harmless for any acts or decisions made
by him in good faith while performing services for the Corporation. In addition,
to the fullest extent permitted by law, the Corporation shall pay all expenses,
including attorneys' fees, actually and necessarily incurred by Executive in
connection with the defense of any action, suit or proceeding challenging such
acts of decisions and in connection with any appeal thereon including the costs
of settlement. This indemnification obligation shall survive the termination of
the Executive's employment hereunder.

         13. Waiver of Breach of Violation Not Deemed Continuing. The waiver by
either party of a breach or violation of any provision of this Agreement shall
not operate as or be construed to be a waiver of any subsequent breach hereof.

         14. Notices. Any and all notices required or permitted to be given
under this Agreement will be sufficient if furnished in writing, personally
delivered or sent by certified mail, return receipt requested as follows:

                           To Executive:  Dan Barnett
                                          5514 W. University
                                          Dallas, Texas  75209

                      To the Corporation: Mortgage Assistance Center Corporation
                                          2614 Main Street
                                          Dallas, Texas 75226

         15. Securities Law Compliance. The Executive represents and agrees that
any shares Executive receives under this Agreement are and shall be for
Executive's own account and with no intention of reselling or distributing the
shares, except as permitted under this Agreement and any applicable federal and
state securities laws. The Corporation shall have the right to take any actions
it may deem necessary or appropriate to ensure that the shares granted to the
Executive complies with applicable federal and state securities laws.

         16. Tax Liability. The Corporation may withhold from any payment made
pursuant to this Agreement any federal, state or local taxes required to be
withheld from such payment. The Executive shall make such arrangements as may be
required or be satisfactory to the Corporation (in its sole discretion) for the
payment of any tax withholding obligations that arise in connection with the
granting of shares under this Agreement. The Corporation shall not be required
to issue any shares under this Agreement until such obligations are satisfied.

<PAGE>

         17. Governing Law. This Agreement shall be interpreted, construed and
governed according to the laws of the State of Texas. The parties hereto consent
to jurisdiction and venue in the Texas state courts in Dallas, Texas and United
States District Court for the Northern District of Texas, Dallas Division.

         18. Section Headings. The Section headings contained in this Agreement
are for convenience only and shall in no manner be construed as a part of this
Agreement.

         19. Entire Agreement. This Agreement supersedes all prior discussions
and agreements between the Corporation, any of its officers, directors,
employees, or agents, and Executive with respect to all mattes relating to the
employment by the Corporation of Executive and all other matters contained
herein, and this Agreement constitutes the sole and entire agreement with
respect thereto. Any representation, inducement, promise or agreement, whether
oral or written, between the Corporation, any of its officers, directors,
employees, or agents, and Executive, which is not embodied herein, shall be of
no force or effect.

         20. Successors and Assignors. This Agreement shall be binding upon, and
shall inure to the benefit of, the Corporation and Executive and the respective
heirs, personal and legal representatives, successors, and assigns of each.

         21. Severability. If any term, covenant or condition of this Agreement
or the application thereof to any person or circumstance shall, to any extent,
be invalid or unenforceable the remainder of this Agreement or the application
of such terms, covenants and conditions to persons or circumstances other than
those as to which it is held invalid or unenforceable shall be affected thereby
and each term, covenant or condition of this Agreement shall be valid and be
enforced to the fullest extent permitted by law.

<PAGE>

         IN WITNESS WHEREOF, the Corporation has hereunder caused this Agreement
to be executed by its duly authorized offices and seals to be hereunto affixed,
and Executive has hereunto set Executive's hand and seal, all being done in
duplicate originals delivered to each party as of the day and year first above
written.

ACKNOWLEDGED AND AGREED TO:

         "EXECUTIVE":

         _________________________
         DAN BARNETT

         "CORPORATION": MORTGAGE ASSISTANCE CENTER CORPORATION:

         _________________________

         By: (print name)__________________________
         Title: (print)____________________________

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00114-of-00352.parquet"}]]