THIS EMPLOYMENT AGREEMENT (this “ Agreement ”) is made and entered into as of the 13th
day of March, 2008, by and between Rubicon Real Estate and Mortgages, Inc., a California corporation (“
RREM ”), and Craig Triance (“ Triance ”).
W I T N E S S E T H:
WHEREAS , RREM is a wholly-owned subsidiary of Rubicon Financial Incorporated (“RBCF”), a
publicly traded Delaware corporation with a principal place of business at 19200 Von Karman Ave., Suite 350,
Irvine, California 92612.
WHEREAS , the officers, managers and/or directors of RREM and RBCF are of the opinion that
Triance has education, experience and/or expertise which is of value to RREM and its stockholders, and
WHEREAS , RREM and Triance desire to enter into this Employment Agreement, pursuant to which
Triance shall be employed by RREM, to set forth the respective rights, duties and obligations of the parties
NOW THEREFORE , in consideration of the promises and covenants contained herein, and other
good and valuable consideration, the receipt and sufficiency of which the parties hereto acknowledge, RREM
and Triance agree as follows:
EMPLOYMENT: RREM hereby agrees to employ Triance and Triance hereby accepts such
employment, upon the terms and conditions hereinafter set forth.
TERM: For purposes of this Agreement, “ Term ” shall mean the original term (as defined in
Section 2.1 below), if Renewal Term is initiated, then “Term” shall mean the renewal term period.
2.1 Original Term. The Term of this Agreement shall commence on March 15, 2008 and
expire on March 31, 2009 unless sooner terminated pursuant to the terms and provisions
2.2 Renewal. At any time prior to the expiration of the Original Term, as stated above,
RREM and Triance may, by mutual written agreement, extend Triance’s employment
under the terms of this Agreement for such additional periods as they may agree.
Salary. RREM shall pay Triance a