0000950135-05-002892 Sample Contracts

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EXHIBIT 10.12 [HANOVER CAPITAL MORTGAGE HOLDINGS, INC. LOGO] EMPLOYMENT LETTER April 14, 2005 Harold McElraft 34 Meyersville Road Chatham, NJ 07928 Dear Mr. McElraft: Please allow this letter to serve as the entire agreement between Hanover Capital...
Hanover Capital Mortgage Holdings Inc • May 16th, 2005 • Real estate investment trusts

Please allow this letter to serve as the entire agreement between Hanover Capital Mortgage Holdings, Inc. (the "Company") and you, Harold McElraft (the "Employee") with respect to certain aspects of your employment with the Company. The Company acknowledges and agrees that the Employee is and will remain a partner of, and has and will retain an interest in, Tatum CFO Partners, LLP ("Tatum"), which will benefit the Company in that the Employee will have access to certain Tatum resources.

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