NEW CENTURY ENERGY CORP.



                         EXECUTIVE EMPLOYMENT AGREEMENT



     THIS  EXECUTIVE EMPLOYMENT AGREEMENT (this "Agreement") is made between New

Century  Energy  Corp.,  a  Colorado  corporation (the "Company"), and Edward R.

DeStefano ("Executive") (collectively sometimes referred to as the "Parties" and

individually sometimes referred to as "Each Party"). Unless otherwise indicated,

all  references to Sections are to Sections in this Agreement. This Agreement is

effective as of the "Effective Date" set forth in Section 14 below.



                              W I T N E S S E T H:



     WHEREAS,  the  Company  desires  to  obtain  the services of Executive, and

Executive  desires  to  be employed by the Company upon the terms and conditions

hereinafter set forth;



     NOW,  THEREFORE,  in  consideration  of the premises, the agreements herein

contained  and other good and valuable consideration, receipt of which is hereby

acknowledged, the parties hereto agree as of the date hereof as follows:



     1. Employment. The Company hereby agrees to employ Executive, and Executive

hereby agrees to serve the Company, as its Chief Executive Officer and President

("Employment")  for  a period of three (3) years beginning on the Effective Date

of September 1, 2005.



     2.  Scope  of  Employment.



          (a)  During  the  Employment,  Executive will serve as Chief Executive

     Officer  and  President.  In that connection, Executive will (i) devote his

     full-time,  attention, and energies to the business of the Company and will

     diligently  and  to  the best of his ability perform all duties incident to

     his  employment  hereunder;  (ii)  use  his  best  efforts  to  promote the

     interests  and goodwill of the Company; and (iii) perform such other duties

     commensurate  with  his office as the Board of Directors of the Company may

     from time-to-time assign to him.



          (b)  Section  2(a) shall not be construed as preventing Executive from

     (i) serving on corporate, civic or charitable boards or committees, or (ii)

     making  investments in other businesses or enterprises; provided that in no

     event  shall  any such service, business activity or investment require the

     provision  of  substantial  services  by Executive to the operations or the

     affairs  of  such businesses or enterprises such that the provision thereof

     would  interfere  in any respect with the performance of Executive's duties

     hereunder; and subject to Section 6.



     3.  Compensation and Benefits During Employment. During the Employment, the

Company shall provide compensation to Executive as follows.



          (a)  Executive  shall receive a different "Yearly Salary" depending on

     the  year  which  Executive  is  employed under this Agreement, including a

     Yearly Salary of:



                    (i)  $200,000 for the year ended December 31, 2005, of which

               approximately  $66,667  is  payable  to  Executive  under  this

               Agreement  for  the  four month period beginning on the Effective

               Date and ending on December 31, 2005.



<PAGE>



                    (ii) $225,000 for the second year that Executive is employed

               under  this  Agreement (the twelve month period beginning January

               1, 2006 and ending on December 31, 2006; and



                    (iii)  $250,000  for the third and forth year that Executive

               is  employed  under  this  Agreement  (the  twelve  month  period

               beginning January 1, 2007 and ending December 31, 2008.



          (b) In Addition to Executive's Yearly Salary, Executive may be granted

     bonus payments of cash or shares of the Company's common stock from time to

     time at the discretion of the Company's Board of Directors.



          (c)  The  Company  shall  reimburse  Executive  for  business expenses

     incurred  by Executive in connection with the Employment in accordance with

     the Company's then-current policies.

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