EMPLOYMENT AGREEMENT
This EMPLOYMENT AGREEMENT ("Agreement"), dated as of May 1, 2003 (the "Effective Date"), is made
by and between SECURED DIVERSIFIED INVESTMENT, LTD., a Nevada corporation, located at 5030
Campus Drive, Newport Beach, CA 92660 and hereafter referred to as "the Company", and Gernot Trolf,
whose address is 809 El Carmel Place, San Diego, California 92109, hereinafter referred to as "Executive",
based upon the following:
RECITALS
WHEREAS, the Company wishes to retain the services of Executive, and Executive wishes to render services to
the Company, as its Chief Operating Officer;
WHEREAS, the Company and Executive wish to set forth in this Agreement the duties and responsibilities that
Executive has agreed to undertake on behalf of the Company;
WHEREAS, the Company and Executive intend that this Agreement will supersede and replace any and all other
employment agreements for employment entered into by and between the Company and Executive, and that
upon execution of this Agreement, any such employment agreements or arrangements shall have no further force
or effect.
THEREFORE, in consideration of the foregoing and of the mutual promises contained in this Agreement, the
Company and Executive (who are sometimes individually referred to as a "party" and collectively referred to as
the "parties") agree as follows:
AGREEMENT
1. SPECIFIED TERM. The Company hereby employs Executive pursuant to the terms of this Agreement and
Executive hereby accepts employment with the Company pursuant to the terms of this Agreement for the period
beginning on May 1, 2003 and ending on May 1, 2006 (the "Term").
Subject to Sections 8, 9, and 10, this Agreement will automatically be renewed for successive periods of one
year after May 1, 2006, unless either party gives notice to the other, at least sixty (60) days prior to the
expiration of the specified period that the party desires to renegotiate this Agreement. In the event that any party
notifies the other party in writing of its de