0000922907-04-000317 Sample Contracts

EXHIBIT 10.7 CONVERTIBLE NOTE AND SECURITY AGREEMENT
Letter Agreement • May 17th, 2004 • Macc Private Equities Inc • Utah
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LETTER AGREEMENT REGARDING SUBSIDIARY SUPPORT March 1, 2004
Letter Agreement • May 17th, 2004 • Macc Private Equities Inc • Delaware
GUARANTY
Guaranty • May 17th, 2004 • Macc Private Equities Inc • Delaware
EMPLOYMENT AGREEMENT BETWEEN DAVID R. SCHRODER AND MACC PRIVATE EQUITIES INC.
Employment Agreement • May 17th, 2004 • Macc Private Equities Inc • Iowa
RECITALS
Investment Advisory Support Services Agreement • May 17th, 2004 • Macc Private Equities Inc • Delaware

THIS INVESTMENT ADVISORY SUPPORT AGREEMENT (this "Agreement") is made and entered into by and among MACC Private Equities Inc., a Delaware corporation ("MACC"), MorAmerica Capital Corporation, an Iowa corporation ("MorAmerica"), Atlas Management Partners, LLC, a Utah limited liability company ("Atlas") and InvestAmerica Investment Advisors, Inc., a Delaware corporation ("InvestAmerica") effective as of the 1st day of March, 2004 (the "Effective Date").

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