Document:

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                                                                   EXHIBIT 10.33

                        SECURED DEPOSIT ACCOUNT AGREEMENT

This Secured Deposit Account Agreement ("Agreement") is made as of this 17th day
of October, 2002, by and between Western Financial Bank ("WFB"), a federally
chartered savings institution and WFS Receivables Corporation 2 ("WFSRC2"), a
Nevada corporation, and is based upon the following recitals. The aforementioned
parties shall hereinafter be collectively referred to as "Companies."

                                    RECITALS

A.      Whereas, Westcorp is the holding company of WFB and WFSRC2;

B.      Whereas, WFSRC2 and Deutche Bank AG, New York Branch ("Deutche") have
        entered into a Cash Collateral Agreement dated as of March 28, 2002 (the
        "CCA Agreement") requiring WFSRC2 to pay $7 million dollars (the
        "Funds") into a cash collateral account ("CCA");

C.      Whereas, WFB, in order to borrow at a more favorable interest rate than
        it would otherwise be able to receive and in order to induce WFSRC2 to
        invest the Funds into a general liability account with WFB, desires to
        pay WFSRC2 interest at a rate equal to one (1) month LIBOR, and shall
        accrue daily;

D.      Whereas, WFB shall use mortgage backed securities valued equal to or
        above $7million dollars to collateralize the CCA on behalf of WFSRC2 and
        pursuant to the CCA Agreement, if WFSRC2 invests the Funds into a WFB
        account; and

E.      Whereas, WFSRC2 desires to invests the Funds into a WFB account in order
        to obtain a higher rate of return on the Funds.

        NOW THEREFORE, in consideration of the above recitals, the Companies
hereto agree as follows:

                                    AGREEMENT

In consideration of the mutual promises set forth herein, and in reliance upon
the recitals set forth above, the parties agree as follows:

1.      The above recitals are hereby incorporated into this Agreement by
        reference and made a part hereto.

2.      WFSRC2 Obligations. WFSRC2 shall invest the Funds into a general
        liability account with WFB.

3.      WFB Obligations.

        3.1     WFB shall pay WFSRC2 interest at a rate of 1-month LIBOR on the
                Funds, and shall accrue daily. The LIBOR rate used shall be the
                LIBOR rate in effect on the last day of the prior month by WFB.

        3.2     Upon receipt of the Funds and pursuant to the CCA Agreement, WFB
                shall collateralize the CCA with mortgage backed securities
                valued equal to or above $7million dollars.

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4.      Further Assurances. The Companies agree that they will modify, amend, or
        restate any provision of this Agreement as necessary in order to insure
        that this Agreement complies with all applicable federal laws and OTS
        regulations with respect to transacting business between the parties.

5.      Term.

        5.1     This Agreement shall commence as of the date stated above and
                shall continue until terminated by the parties.

        5.2     This Agreement may be terminated immediately for breach of any
                covenant, obligation, or duty therein contained or for violation
                of law, ordinance, statute, rule or regulation (collectively
                referred to as "law") governing the conduct of any party hereto.

        5.3     Termination shall not effect the obligations of the Companies
                with respect to any event occurring before termination. Each
                Company shall be bound by and responsible for any transaction or
                expense properly agreed to or incurred by the other Company in
                connection with services performed hereunder but not settled,
                paid or reimbursed prior to the date of any such termination.
                Upon termination of this Agreement, the fee referred to above
                will be prorated, but the due date thereof shall not be changed.

6.      Representations and Warranties of Each Company. Each Company on its
        behalf alone represents and warrants to and for the benefit of the other
        Company as follows:

        6.1     Corporate Existence and Qualifications. Each Company is either a
                corporation or association duly organized, validly existing and
                in good standing under the laws of the United States or of the
                State of California, as applicable, with full corporate power to
                own its properties and to carry on its business as now owned and
                operated by Company.

        6.2     Licenses: Compliance with Laws. Each Company has all licenses,
                franchises, permits and authorizations necessary ("Licenses"),
                or is otherwise exempt from having to obtain such Licenses, for
                the lawful conduct by the respective Company of its business.
                Neither Company has violated, nor is in violation of, any such
                licenses, franchises, permits or authorizations or any
                applicable statues, laws, ordinances, rules or regulations of
                any federal, state, or local governmental bodies, agencies or
                subdivisions having, asserting or claiming jurisdiction over it
                or over any part of its operations.

7.      Covenants Regarding Corporate Existence.

        7.1     Preservation of Corporate Existence and Qualifications. Each
                Company shall keep in full effect its existence, rights and
                franchises as a corporation or association under the laws of the
                jurisdiction in which each is organized and will obtain and
                preserve its qualifications to carry on business as a foreign
                corporation in each jurisdiction in which such qualification is
                or shall be necessary.

        7.2     Observation of Corporate Formalities. Each Company shall at all
                times observe the applicable legal requirements for the
                recognition of Company as a corporate entity

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                separate and apart from any other Company, including without
                limitation the following:

                (a)     Each Company shall maintain corporate records and books
                        of account separate from those of every other Company;

                (b)     Each Company shall hold meetings of its Board of
                        Directors as appropriate to authorize its corporate
                        actions;

                (c)     Each Company shall hold meetings of its shareholder(s)
                        as appropriate and as required by applicable law in the
                        jurisdiction in which organized to authorize its
                        corporate actions;

                (d)     Each Company shall file all reports required by the
                        Secretary of State in any and all jurisdictions in which
                        that Company is licensed or qualified, including the
                        annual statement by whatever name denominated, in a
                        timely manner; and

                (e)     Each Company shall ensure that any applicable yearly
                        franchise taxes are paid in a timely manner so as to
                        maintain its corporate existence uninterrupted.

        7.3     OTS Regulations. Each Company shall comply with all applicable
                OTS regulations, including, but not limited to, 12 C.F.R.
                Sections 563.41 and 563.42.

8.      Liability: Consultation with Counsel. With respect to the obligations
        hereunder, no Company shall assume responsibility or liability with
        respect to the business or affairs of any other Company except to the
        extent provided for in this Agreement. Each benefiting Company under
        this Agreement ("Indemnitor") shall indemnify, defend and hold harmless
        the performing Company against and in respect of any and all claims,
        demands, losses, costs, expenses, obligations, liabilities, damages,
        recoveries and deficiencies (collectively the "Claims), including
        without limitation interest penalties and attorney's fees, that such
        performing Company shall incur or suffer, which arise, result from or
        relate to (i) conduct by Indemnitor of its business and operations and
        (ii) breach by Indemnitor of its obligations pursuant to this Agreement.
        Notwithstanding anything contained herein to the contrary, Indemnitor's
        obligations pursuant to this section shall not be applicable to Claims
        arising directly from the performing Company's bad faith, gross
        negligence or willful misconduct. This Agreement shall create no right,
        benefit or privilege in favor of any person not a party hereto, and no
        person not a party hereto shall have any recourse against the performing
        Company for any advice, service or facility provided or omitted by
        performing Company pursuant to this Agreement. The performing Company
        may consult with legal counsel (who may also be counsel to Indemnitor)
        concerning any questions that may arise with respect to its duties and
        obligations hereunder, and it shall be fully protected in respect of any
        action taken or omitted by it hereunder in good faith reliance on any
        opinion of such counsel with respect to any such duty or obligation.

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9.      General.

        9.1     This Agreement may be modified, amended or superseded in whole
                or in part, at any time, by a writing executed by the parties
                hereto.

        9.2     The laws of California shall govern this Agreement, except to
                the extent federal law or regulation supersedes any such laws.

        9.3     This Agreement may be executed in counterparts, all of which,
                taken together shall constitute one agreement.

        9.4     No Company shall assign this Agreement without the prior written
                consent of each of the other Companies, which consent shall not
                unreasonably be withheld.

Wherefore, the undersigned have executed this Agreement as of the date first set
forth above.

WESTERN FINANCIAL BANK

BY:
   -----------------------------------

Its

WFS RECEIVABLES CORPORATION 2

BY:
   -----------------------------------

Its

                                       4<PAGE>

                                                                   EXHIBIT 10.42

                              EMPLOYMENT AGREEMENT

        THIS EMPLOYMENT AGREEMENT (the "Agreement") is made and entered into as
of October 18, 2002, by and between ENDOLOGIX, INC., a Delaware corporation (the
"Company"), and [EMPLOYEE NAME], an individual (the "Executive").

                                  R E C I T A L

        The Company desires to employ Executive in the capacity hereinafter
stated, and the Executive desires to enter into the employ of the Company in
that capacity pursuant to the terms and conditions set forth herein.

                                A G R E E M E N T

        NOW, THEREFORE, in consideration of the premises and the mutual
covenants and agreements set forth herein, the Company and the Executive,
intending to be legally bound, hereby agree as follows:

        1. EMPLOYMENT. The Company hereby agrees to employ the Executive as the
[TITLE] of the Company, reporting to the [INSERT MANAGER TITLE] of the Company,
and the Executive accepts such employment and agrees to devote substantially all
his business time and efforts and skills on such reasonable duties as shall be
assigned to him by the Company commensurate with such position. The term of this
Agreement shall commence on [INSERT DATE] and expire on [INSERT DATE] unless
sooner terminated pursuant to the terms and provisions herein stated. This
Agreement shall automatically be extended for additional one (1) year renewal
terms (unless sooner terminated pursuant to the terms and provisions herein)
unless either party gives written notice to the other to terminate this
Agreement at least thirty (30) days prior to the end of the preceding term.

        2. STOCK OPTIONS: ACCELERATION OF OPTIONS. Notwithstanding any
provisions of the Company's option or stock incentive plan, or of the
Executive's stock option or restricted stock agreements, in the event of a
"Corporate Transaction" or "Change in Control," as defined below, during the
period of the Executive's employment with the Company, all of the Executive's
stock options shall vest in full and all rights of the Company to repurchase
restricted stock of the Executive shall terminate.

        For purposes hereof, "Change in Control" shall mean a change in
ownership or control of the Company effected through the acquisition, directly
or indirectly, by any person or related group of persons (other than the Company
or a person that directly or indirectly controls, is controlled by, or is under
common control with, the Company), of beneficial ownership (within the meaning
of Rule 13d-3 of the 1934 Act) of securities possessing more than fifty percent
(50%) of the total combined voting power of the Company's outstanding securities
pursuant to a tender or exchange offer made directly to the Company's
stockholders which the Board does not recommend such stockholders to accept.

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        For purposes hereof, "Corporate Transaction" shall mean either of the
following stockholder-approved transactions to which the Company is a party:

                (A) A merger or consolidation in which securities possessing
        more than fifty percent (50%) of the total combined voting power of the
        Company's outstanding securities are transferred to a person or persons
        different from the persons holding those securities immediately prior to
        such transaction; or

                (B) The sale, transfer or other disposition of all or
        substantially all of the Company's assets in complete liquidation or
        dissolution of the Company.

        3. TERMINATION.

                3.1 TERMINATION BY THE COMPANY FOR CAUSE. Any of the following
acts or omissions shall constitute grounds for the Company to terminate the
Executive's employment pursuant to this Agreement for "cause":

                        (a) Willful misconduct by Executive causing material
harm to the Company but only if Executive shall not have discontinued such
misconduct within 30 days after receiving written notice from the Company
describing the misconduct and stating that the Company will consider the
continuation of such misconduct as cause for termination of this Agreement,

                        (b) Any material act or omission by the Executive
involving gross negligence in the performance of the Executive's duties to, or
material deviation from any of the policies or directives of, the Company, other
than a deviation taken in good faith by the Executive for the benefit of the
Company,

                        (c) Any illegal act by the Executive which materially
and adversely affects the business of the Company, provided that the Company may
suspend the Executive with pay while any allegation of such illegal act is
investigated, or

                        (d) any felony committed by Executive, as evidenced by
conviction thereof, provided that the Company may suspend the Executive with pay
while any allegation of such felonious act is investigated.

Termination by the Company for cause shall be accomplished by written notice to
the Executive and, in the event of a termination pursuant to Sections 3.1(a),
3.1(b), and/or 3.1(c) above, shall be preceded by a written notice providing a
reasonable opportunity for the Executive to correct his conduct.

                3.2 TERMINATION FOR DEATH OR DISABILITY. In addition to
termination for cause pursuant to Section 3.1 hereof, the Executive's employment
pursuant to this Agreement shall be immediately terminated without notice by the
Company (i) upon the death of the Executive or (ii) upon the Executive becoming
totally disabled. For purposes of this Agreement, the term "totally disabled"
means an inability of Executive, due to a physical or mental illness, injury or
impairment, to perform a substantial portion of his duties for a period of one
hundred eighty (180) or more consecutive days, as determined by a competent
physician selected by the Company's Board of Directors and reasonably agreed to
by the Executive, following such one hundred eighty (180) day period.

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                3.3 TERMINATION FOR GOOD REASON. Executive's employment pursuant
to this Agreement may be terminated by the Executive for "good reason" if the
Executive voluntarily terminates his employment as a result of any of the
following:

                        (a) Without the Executive's prior written consent, a
reduction in his then current Base Salary; or

                        (b) Without the Executive's prior written consent, the
assignment to Executive of duties substantially and materially inconsistent with
the position and nature of Executive's employment as set forth in Section 1 of
this Agreement, or

                        (c) Without Executive's prior written consent, a
relocation of the Executive's place of employment outside of Orange County,
California.

                3.4 TERMINATION WITHOUT CAUSE. The Company may terminate this
Agreement, and the employment of the Executive under this Agreement, without
cause, at any time upon at least thirty (30) days' prior written notice to the
Executive. This Section 3.4 shall not apply to a termination of the Executive by
the Company as a result of a "Corporate Transaction" or "Change in Control",
but, instead, the provisions of Section 3.5 below shall apply.

                3.5 TERMINATION DUE TO CORPORATE TRANSACTION OR CHANGE IN
CONTROL. The Company may terminate this Agreement and the employment of the
Executive under this Agreement, upon at least thirty (30) days' prior written
notice to the Executive in the event of a "Corporate Transaction" or "Change in
Control," as defined in Section 2, during the period of the Executive's
employment. The Executive may terminate this Agreement and the employment of the
Executive under this Agreement upon at least thirty (30) days' prior written
notice to the Company upon the occurrence of a "Corporate Transaction" or
"Change in Control," as defined in Section 2, during the period of Executive's
employment if any of the following occur as a result of the "Corporate
Transaction" or "Change in Control": (i) a reduction in Executive's current Base
Salary, (ii) the assignment to Executive of duties substantially and materially
inconsistent with the position and nature of Executive's employment as set forth
in Section 1 of this Agreement, (iii) the failure by the Company to obtain from
any successor an agreement to assume and perform this Agreement; (iv) Executive
is not offered a new employment agreement; or (v) Executive is not offered a new
employment agreement on substantially the same terms as provided in this
Agreement.

                3.6 PAYMENTS UPON REMOVAL OR TERMINATION.

                        (a) If, during the term of this Agreement, the Executive
resigns for one of the reasons stated in Section 3.3, or if the Company
terminates Executive's employment pursuant to Section 3.4 above, the Executive
shall be entitled to the following compensation: (i) the portion of his then
current Base Salary which has accrued through his date of termination, (ii) any
payments for unused vacation and reimbursement expenses, which are due, accrued
or payable at the date of Executive's termination, (iii) severance payment in an
amount of six-months equal to Executive's then-current Base Salary; (the
"Severance Amount"), and (iv) to the extent not already vested under Section 2
or otherwise all of Executive's options to purchase shares of the Company's
common stock and restricted stock shall vest by six additional months, and such
options shall otherwise be exercisable in accordance with their terms. In
addition, in such event, Executive shall be entitled to (a) a prorated payment
equal to the target bonus amount for which Executive would be eligible for the
year in which such resignation or termination occurred, and (b) continuation of
the insurance

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benefits set forth in Exhibit A, for six-months. The payments provided by this
paragraph 3.6(a) shall be Executive's complete and exclusive remedy for any such
termination.

                        (b) If, during the term of this Agreement, the Company
terminates Executive's employment pursuant to Section 3.5 above or the Executive
terminates his employment pursuant to Section 3.5 above, the Executive shall be
entitled to the following compensation: (i) the portion of his then current Base
Salary which has accrued through his date of termination, (ii) any payments for
unused vacation and reimbursement expenses, which are due, accrued or payable at
the date of Executive's termination, (iii) severance payment in an amount of
twelve-months equal to Executive's then-current Base Salary (the "Severance
Amount"); and (iv) to the extent not already vested under Section 2 or otherwise
all of Executive's options to purchase shares of the Company's common stock and
restricted stock shall accelerate and automatically vest, and such options shall
otherwise be exercisable in accordance with their terms. In addition, in such
event, Executive shall be entitled to (a) a prorated payment equal to the target
bonus amount for which Executive would be eligible for the year in which such
resignation or termination occurred, and (b) continuation of the insurance
benefits set forth in Exhibit A, for twelve-months. The payments provided by
this paragraph 3.6(b) shall be Executive's complete and exclusive remedy for any
such termination.

                        (c) All payments required to be made by the Company to
the Executive pursuant to this Section 3 shall be paid on a regular basis in
accordance with the Company's normal payroll procedures and policies, including,
without limitation, the Severance Amount which shall be paid at such times and
in such amounts consistent with the Company's normal payroll procedures and
policies over the number of months immediately succeeding the date of
termination that is equal to the number of months of Base Salary payable as the
Severance Amount. If the Company terminates the Executive's employment pursuant
to Sections 3.1 or 3.2, or if the Executive voluntarily resigns (except as
provided in Section 3.3 or Section 3.5), then the Executive shall be entitled to
only the compensation set forth in items (i) and (ii) of Section 3.6(a).

                        (d) To the extent that any or all of the payments and
benefits provided for in this Agreement constitute "parachute payments" within
the meaning of Section 280G of the Internal Revenue Code (the "Code") and, but
for this paragraph, would be subject to the excise tax imposed by Section 4999
of the Code, then at the Executive's election:

                (i) The Executive shall receive all such payments and benefits
        the Executive is entitled to receive hereunder, and any liability for
        taxes pursuant to the above shall be the liability solely of the
        Executive; or

                (ii) The aggregate amount of such payments and benefits shall be
        reduced such that the present value thereof (as determined under the
        Code and applicable regulations) is equal to 2.99 times the Executive's
        "base amount" (as defined in Section 280G of the Code).

The determination of any reduction or increase of any payment or benefits under
this paragraph pursuant to the foregoing provision shall be made by a nationally
recognized public accounting firm chosen by the Company in good faith, and such
determination shall be conclusive and binding on the Company and the Executive.

        4. ASSIGNMENT. This Agreement shall not be assignable, in whole or in
part, by either party without the written consent of the other party, except
that the Company may, without the

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consent of the Executive, assign its rights and obligations under this Agreement
to an Affiliate or to any corporation, firm or other business entity (i) with or
into which the Company may merge or consolidate, or (ii) to which the Company
may sell or transfer all or substantially all of its assets. After any such
assignment by the Company, the Company shall be discharged from all further
liability hereunder and such assignee shall thereafter be deemed to be the
Company for the purposes of all provisions of this Agreement including this
Section 4.

        5. SUCCESSORS. This Agreement shall inure to the benefit of and be
enforceable by the Executive's personal and legal representatives, executors,
administrators, successors, heirs, distributees, devisees and legatees. If the
Executive should die while any amounts are still payable to him hereunder, all
such amounts, unless otherwise provided herein, shall be paid in accordance with
the terms of this Agreement to the Executive's devisee, legatee, or other
designee or, if there be no such designee, to the Executive's estate.

        6. MISCELLANEOUS.

                6.1 GOVERNING LAW. This Agreement is made under and shall be
governed by and construed in accordance with the laws of the State of
California.

                6.2 PRIOR AGREEMENTS. This Agreement contains the entire
agreement of the parties relating to the subject matter hereof and supersedes
all prior agreements and understanding with respect to such subject matter, and
the parties hereto have made no agreements, representations or warranties
relating to the subject matter of this Agreement which are not set forth herein.

                6.3 ARBITRATION. In the event of any controversy, claim or
dispute between the parties hereto arising out of or relating to this Agreement,
the matter shall be determined by arbitration, which shall take place in Orange
County, California, under the rules of the American Arbitration Association. The
arbitrator shall be a retired Superior Court judge mutually agreeable to the
parties and if the parties cannot agree such person shall be chosen in
accordance with the rules of the American Arbitration Association. The
arbitrator shall be bound by applicable legal precedent in reaching his or her
decision. Any judgment upon such award may be entered in any court having
jurisdiction thereof. Any decision or award of such arbitrator shall be final
and binding upon the parties and shall not be appealable. The parties hereby
consent to the jurisdiction of such arbitrator and of any court having
jurisdiction to enter judgment upon and enforce any action taken by such
arbitrator. The fees payable to the American Arbitration Association and the
arbitrator shall be paid by the Company.

                6.4 WITHHOLDING TAXES. The Company may withhold from any salary
and benefits payable under this Agreement all federal, state, city or other
taxes or amounts as shall be required to be withheld pursuant to any law or
governmental regulation or ruling.

                6.5 AMENDMENTS. No amendment or modification of this Agreement
shall be deemed effective unless made in writing signed by the parties hereto.

        6.6 NO WAIVER. No term or condition of this Agreement shall be deemed to
have been waived nor shall there be any estoppel to enforce any provisions of
this Agreement, except by a statement in writing signed by the party against
whom enforcement of the waiver or estoppel is sought. Any written waiver shall
not be deemed a continuing waiver unless specifically stated, shall

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operate only as to the specific term or condition waived and shall not
constitute a waiver of such term or condition for the future or as to any act
other than that specifically waived.

                6.7 SEVERABILITY. To the extent any provision of this Agreement
shall be invalid or unenforceable, it shall be considered deleted herefrom and
the remainder of such provision and of this Agreement shall be unaffected and
shall continue in full force and effect.

                6.8 COUNTERPART EXECUTION. This Agreement may be executed by
facsimile and in counterparts, each of which shall be deemed an original and all
of which when taken together shall constitute but one and the same instrument.

                6.9 ATTORNEYS FEES. Should any legal action or arbitration be
required to resolve any dispute over the meaning or enforceability of this
Agreement or to enforce the terms of this Agreement, the prevailing party shall
be entitled to recover its or his reasonable attorneys fees and costs incurred
in such action, in addition to any other relief to which that party may be
entitled.

                6.10 NOTICES. Any notice required or permitted to be given
hereunder shall be in writing and may be personally served or sent by United
States Mail, and shall be deemed to have been given when personally served or
two days after having been deposited in the United States Mail, registered mail,
return receipt requested, with first class postage prepaid and properly
addressed as follows:

        If to Executive:             [EMPLOYEE NAME]
                                     13900 Alton Parkway, Suite 122
                                     Irvine, CA  92618

        If to the Company:           Endologix, Inc.
                                     13900 Alton Parkway, Suite 122
                                     Irvine, CA 92618
                                     Attn:  Chief Executive Officer

                6.11 PROPRIETARY INFORMATION AND INVENTIONS AGREEMENT. Executive
agrees to sign the Company's standard form of employee proprietary information
and inventions agreement.

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

                                        "COMPANY"

                                        ENDOLOGIX, INC.,
                                        A Delaware corporation

                                        By:
                                           -------------------------------------
                                        Its:  Chairman and CEO

"EXECUTIVE"

-----------------------------------
[EMPLOYEE NAME]

                                       7
<PAGE>

                                    EXHIBIT A

                            [EMPLOYEE NAME] BENEFITS

                --Health Insurance

                --Dental Insurance

                --Prescription Drug Insurance

                --Group Life Insurance

                                       8

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