EXECUTIVE EMPLOYMENT AGREEMENT
THIS AGREEMENT, dated as of April 20, 2000, is made and entered into by and between United Financial,
Inc., a wholly owned subsidiary of Matrix Bancorp, Inc. ("Employer"), and Carl G. de Rozario, an executive
employee of Employer ("Executive").
A. Employer desires that the Executive enter into an employment relationship with Employer in order to provide
the necessary leadership and senior management skills that are important to the success of Employer. Employer
believes that obtaining the Executive's services as an employee of Employer and the benefits of his global business
experience are of material importance to Employer and Employer's shareholders.
NOW, THEREFORE, in consideration of the mutual promises and covenants contained herein the receipt and
sufficiency of which is hereby acknowledged, Employer and Executive intend by this Agreement to specify the
terms and conditions of Executive's employment relationship with Employer.
Section 1. General Duties of Employer and Executive.
1.1. Employer agrees to employ Executive and Executive agrees to accept employment by Employer and to
serve Employer in an executive capacity upon the terms and conditions set forth herein. The duties and
responsibilities of Executive shall include those described for the particular position held by Executive while
employed hereunder in the Bylaws of Employer or other documents of Employer, and shall also include such
other or additional duties, for Employer, as may from time to time be assigned to Executive in good faith by the
Board of Directors of Employer or any duly authorized committee thereof. The initial executive capacity that
Executive shall hold while this Agreement is in effect shall be the position of Chief Executive Officer.
1.2. While employed hereunder, Executive shall obey the lawful directions of the Board of Directors of
Employer, or any duly authorized committee thereof, and shall use his best efforts to promote the int