Document:

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                                                                    EXHIBIT 10.1

                                 April 18, 2003

Mr. Remberto Cibran
11820 S.W. 92nd Street
Miami, Florida  33176

Dear Bert:

         You and I have had several discussions recently about certain
clarifications to be made in your Employment Agreement with the Company. In
addition, you have pointed out that certain payments which you believe you
should have received under your Employment Agreement have not been made. As a
result, you and the Company have agreed on certain amendments to your Employment
Agreement and on certain payments which will be made to you under your
Employment Agreement. These amendments and the terms of these payments, and
certain related agreements between you and the Company, are set forth below:

1.       Section 3.1(b) of your Employment Agreement is hereby deleted and you
shall not be entitled to receive any of the adjustments provided for therein, or
any payments in respect of any such adjustments that should have been made in
the past, except as part of the payment provided for in Paragraph 4(i) below.

2.       Section 3.2 of your Employment Agreement is hereby amended in its
entirety to provide as follows:

         "3.2 Bonus. (a) In addition to the base salary provided for in Section
         3.1, during each year of the term of this Agreement, the Employee shall
         be entitled to receive such bonus, if any, which shall be determined by
         the Board of Directors of the Company in its sole discretion.

                  (b)      In the event of any termination of the employment of
         the Employee pursuant to this Agreement, the Employee shall be

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         entitled to receive such bonus, if any, as shall be determined by the
         Board of Directors of the Company in its sole discretion.

                  (c)      Each bonus provided for in this Section 3.2 shall be
         paid to the Employee no later than ninety(90) days following the end of
         the fiscal year of the Company to which such bonus relates."

3.       The first sentence of Section 6.6 of the Agreement is hereby amended in
its entirety to provide as follows:

                  "If, following a change in control of the Company, the
         employment of the Employee hereunder is terminated for any reason
         whatsoever or for no reason, whether by the Employee or by the Company,
         the Company shall pay to the Employee (a) severance pay in an amount
         equal to twenty-four (24) months' base salary (at the highest annual
         rate in effect between April 1, 2003 and the date of termination of the
         Employee) and (b) any bonus payable pursuant to Section 3.2."

You and the Company agree that (1) there has been no "change in control" of the
Company, as that term is defined in your Employment Agreement, since the date of
your Employment Agreement, (2) your annual base salary at April 1, 2003 and
thereafter is $125,000 and (3) the payments contemplated in Paragraph 4 do not
change your annual base salary of $125,000.

4.       You and the Company agree that you shall be entitled to receive the
following payments:

         (i)      as soon as practicable after the date hereof consistent with
         the Company's cash flow requirements, but in no event later than June
         30, 2003, a payment of $255,000, without interest, which represents the
         amount which you have agreed to accept in satisfaction of any and all
         amounts (plus interest thereon) which you believe you were entitled to
         receive from the Company, but have not received, under your Employment
         Agreement or otherwise, as compensation for your services as an
         employee of the Company from the original date of your employment by
         the Company through the date hereof; and

         (ii)     contemporaneously with the payment by the Company of executive
         bonuses for fiscal 2003 (or the portion thereof ending on the date of a
         "change in control"

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         of the Company, as that term is defined in your Employment Agreement),
         a bonus payment of not less than $30,000 (and you agree that the
         payment of such bonus will fully satisfy any obligation which the
         Company may have to pay you a bonus for fiscal 2003 pursuant to Section
         3.2 and Section 6.6 of your Employment Agreement).

         5.       As used herein, the term "your Employment Agreement" means the
Employment Agreement made as of August 12, 1996 between the Company and you, as
amended to the date hereof. As used in Paragraph 4(i), the term "compensation"
means your base salary, bonuses, incentive compensation (including employee
stock options), base salary adjustments, expense reimbursements, payments for
accrued vacation and personal days, and all other forms of compensation
whatsoever.

         6.       Except as specifically modified by this letter, all of the
terms of your Employment Agreement are hereby reaffirmed and remain in full
force and effect.

                                     * * * *

         If you are in agreement with the foregoing, please sign the enclosed
counterpart of this letter in the space provided for that purpose, whereupon
this letter shall constitute a binding agreement between you and the Company.

                                       Sincerely,
                                       RAMSAY YOUTH SERVICES, INC.

                                       By: /s/ Luis Lamela
                                           -------------------------------------
                                           Luis E. Lamela
                                           President and Chief Executive Officer

AGREED AND ACCEPTED:

/s/ Remberto Cibran
-------------------
Remberto Cibran

                                        3EX-10.1 FORM OF BONUS AND RETENTION AGREEMENT

 

[FORM OF BONUS RETENTION AGREEMENT]

February 14, 2003

	 	 	 	 	 
	
	 	 
	 	 	 	 	 
	
	 	 
	 	 	 	 	 
	
	 	 
	 	 	 	 	 
	Dear:	 	

	 	 

This is to confirm the terms of our agreement with respect to the bonus to be
paid to you by Allied Holdings, Inc. (“Company”), which shall be paid in
connection with the Bonus Plan of the Company and upon the terms set forth in
this letter agreement.

Subject to the terms contained in this letter agreement, the Company shall pay
to you an amount equal to $     1 constituting a bonus for fiscal 2002, and you
agree to release the Company and its affiliates from any claims that you may
have against them relating to the Bonus Plan or otherwise relating to a bonus
for fiscal 2002.

You agree and acknowledge that in order to become eligible and to receive such
bonus for fiscal 2002, (1) you will not voluntarily terminate your employment
with the Company on or before December 31, 2003, and (2) you will take a
one-week non-paid furlough on or before June 1, 2003.

In recognition of the Company’s need to protect its legitimate business
interests, you hereby agree that you will regard and treat the existence of the
bonus being paid to you in accordance with this letter agreement, the amount of
such bonus, and the terms of this letter agreement as strictly confidential and
wholly owned by the Company and that you will not distribute, disclose,
reproduce or otherwise communicate any such items of information to any person
or entity for any purpose, other than as required by law.

This letter agreement shall not supersede, modify or amend any other agreement
between the Company and you, including, without limitation, any employment
agreement or confidentiality agreement that may exist between the Company and
you.

If the foregoing is in accordance with your agreement, please execute this
letter and return it to me.

	 	 	 
	Sincerely,	 	 
	 	 	 
	/s/ Daniel H. Popky	 	 
	 	 	 
	Daniel H. Popky

SVP, Finance/CFO	 	 
	 	 	 
	Accepted and agreed to this      day of February, 2003:	 	 
	 	 	 
	
	 	
 
	Employee	 	 

	1	 	Schedule of bonus attached hereto.

 

 

Schedule of Bonus Amounts for Named Executive Officers

	 	 	 	 	 
	Executive Officer	 	Bonus Amount
	
	 	

	Hugh Sawyer
	 	$	550,000	 
	Bob Rutland
	 	$	307,650	 
	Daniel Popky
	 	$	185,000	 
	Thomas Duffy
	 	$	185,000	 
	David Rawden
	 	$	164,340<PAGE>
                                                                    EXHIBIT 4.17

                             SUPPLEMENTAL INDENTURE

         This SUPPLEMENTAL INDENTURE, dated as of March 31, 2003 is among
Technical Olympic USA, Inc., a Delaware corporation (the "Company"), each of the
parties identified under the caption "Subsidiary Guarantors" on the signature
page hereto (the "Guarantors") and Wells Fargo Bank Minnesota, National
Association, a national banking association, as Trustee.

                                    RECITALS

         WHEREAS, the Company, certain Subsidiary Guarantors and the Trustee
entered into an Indenture, dated as of June 25, 2002 (the "Indenture"), pursuant
to which the Company has originally issued $200,000,000 in aggregate principal
amount of 9% Senior Notes due 2010 (the "Notes"); and

         WHEREAS, Section 9.01(a)(iv) of the Indenture provides that the
Company, the Subsidiary Guarantors and the Trustee may amend or supplement the
Indenture in order to add any new Subsidiary Guarantor to comply with Section
10.04 thereof, without the consent of the Holders of the Notes; and

         WHEREAS, all acts and things prescribed by the Indenture, by law and by
the charter and the bylaws (or comparable constituent documents) of the Company,
of the Subsidiary Guarantors and of the Trustee necessary to make this
Supplemental Indenture a valid instrument legally binding on the Company, the
Subsidiary Guarantors and the Trustee, in accordance with its terms, have been
duly done and performed;

         NOW, THEREFORE, to comply with the provisions of the Indenture and in
consideration of the above premises, the Company, the Subsidiary Guarantors and
the Trustee covenant and agree for the equal and proportionate benefit of the
respective Holders of the Notes as follows:

                                   ARTICLE 1.

         Section 1.01. This Supplemental Indenture is supplemental to the
Indenture and does and shall be deemed to form a part of, and shall be construed
in connection with and as part of, the Indenture for any and all purposes.

         Section 1.02. This Supplemental Indenture shall become effective
immediately upon its execution and delivery by each of the Company, the
Subsidiary Guarantors and the Trustee.

                                       1
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                                   ARTICLE 2.

         Section 2.01. From this date, in accordance with Section 10.04 and by
executing this Supplemental Indenture and the accompanying notation of
Subsidiary Guarantee (a copy of which is attached hereto), the Subsidiary
Guarantors whose signatures appear below are subject to the provisions of the
Indenture to the extent provided for in Article 10 thereof.

                                   ARTICLE 3.

         Section 3.01. Except as specifically modified herein, the Indenture and
the Notes are in all respects ratified and confirmed (MUTATIS MUTANDIS) and
shall remain in full force and effect in accordance with their terms with all
capitalized terms used herein without definition having the same respective
meanings ascribed to them as in the Indenture.

         Section 3.02. Except as otherwise expressly provided herein, no duties,
responsibilities or liabilities are assumed, or shall be construed to be
assumed, by the Trustee by reason of this Supplemental Indenture. This
Supplemental Indenture is executed and accepted by the Trustee subject to all
the terms and conditions set forth in the Indenture with the same force and
effect as if those terms and conditions were repeated at length herein and made
applicable to the Trustee with respect hereto.

         Section 3.03. THE LAW OF THE STATE OF NEW YORK SHALL GOVERN AND BE USED
TO CONSTRUE AND ENFORCE THIS SUPPLEMENTAL INDENTURE.

         Section 3.04. The parties may sign any number of copies of this
Supplemental Indenture. Each signed copy shall be an original, but all of such
executed copies together shall represent the same agreement.

                                       2
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         IN WITNESS WHEREOF, the parties hereto have caused this Supplemental
Indenture to be duly executed, all as of the date first written above.

                          TECHNICAL OLYMPIC USA, INC.

                          By: /s/ TOMMY L. MCADEN
                              ----------------------------------------
                               Tommy L. McAden
                               Vice President - Finance and Administration
                               and Chief Financial Officer

                          SUBSIDIARY GUARANTORS:

                          Engle Homes Delaware, Inc.
                          Engle Homes/Arizona Construction, Inc.
                          Newmark Finance Affiliate, Ltd.
                          Newmark Finance Corporation
                          Newmark Home Corporation
                          Newmark Homes L.P.
                          Newmark Homes Purchasing, L.P.
                          NHC Homes, Inc.
                          Pacific United Development Corp.
                          Pacific United L.P.
                          PUDC, Inc.
                          Silverlake Interests, L.C.
                          TOUSA Financing, Inc.
                          TOUSA Shared Services, LLC

                          By: /s/ TOMMY L. MCADEN
                              ----------------------------------------
                               Tommy L. McAden
                               Vice President - Finance and Administration

                                       3
<PAGE>

                          Alliance Insurance and Information Services, LLC
                          Engle Homes/Arizona, Inc.
                          Engle Homes/Broward, Inc.
                          Engle Homes/Colorado, Inc.
                          Engle Homes Residential Construction, LLC
                          Engle Homes/Virginia, Inc.
                          Newmark Homes, LLC
                          Pembroke Falls Realty, Inc.
                          Preferred Builders Realty, Inc.
                          Preferred Home Mortgage Company
                          Prestige Abstract & Title, LLC
                          Professional Advantage Title, Ltd.
                          TOUSA Homes, Inc.
                          TOUSA Ventures, LLC
                          Universal Land Title, Inc.
                          Universal Land Title Investment #1, L.L.C.
                          Universal Land Title Investment #2, L.L.C.
                          Universal Land Title Investment #3, L.L.C.
                          Universal Land Title Investment #4, L.L.C.
                          Universal Land Title of South Florida, Ltd.
                          Universal Land Title of Texas, Inc.
                          Universal Land Title of The Palm Beaches, Ltd.

                          By: /s/ TOMMY L. MCADEN
                              ----------------------------------------
                               Tommy L. McAden
                               Vice President and Treasurer

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                                            TOUSA Associates Services Company

                                            By:/s/ PATRICIA M. PETERSEN
                                               ---------------------------------
                                                 Patricia M. Petersen
                                                 Vice President and Secretary

                                            Newmark Homes Business Trust

                                            By: /s/ TERRY WHITE
                                                --------------------------------
                                                 Name:  Terry White
                                                 Title:  Managing Trustee

                                            WELLS FARGO BANK MINNESOTA,
                                            NATIONAL ASSOCIATION, as Trustee

                                            By: /s/ JOSEPH P. O'DONNELL
                                            ------------------------------------
                                            Joseph P. O'Donnell
                                            Corporate Trust Officer

                                       5

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