EMPLOYMENT AGREEMENT



      EMPLOYMENT  AGREEMENT  made  as of the 1st day of  January,  2006,  by and

between UNIVERSAL  PROPERTY  DEVELOPMENT AND ACQUISITION  CORPORATION,  a Nevada

corporation,  with principal offices in Juno Beach,  Florida (the "Company"),and

Steven A. Barrera, a resident of the State of Texas ("Executive").



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

Executive  hereby  accepts such  employment,  upon the terms and  conditions set

forth in this Agreement.



      2. Term.  The term of  Executive's  employment  under this  Agreement (the

"Term") shall  commence on the date of execution  hereof as set forth above (the

"Effective  Date"),  and,  subject to the terms hereof,  shall  terminate on the

first anniversary of the Effective Date (the "Termination Date"); provided that,

the term of this Agreement  will  automatically  renew for  successive  one-year

periods  thereafter  (in  which  case the  Termination  Date  shall be  extended

accordingly),  unless, at least thirty days prior to the applicable  Termination

Date, either party gives the other written notice of non-renewal.



      3. Position and Duties. Executive will serve as the Texas Regional Manager

of the  Company.  Executive  has been  elected  or  appointed  a  member  of the

Company's  Board of Directors  ("Board") as of the Effective  Time, and from and

after the Effective  Time until the  expiration  of the Term,  the Company shall

nominate the Executive for  appointment or election as a member of the Board and

shall use commercially reasonable efforts to cause the Executive to be appointed

or elected a member of the Board.  Executive will report  directly to the Board.

Except as  otherwise  specifically  provided  herein,  the  duties  which may be

assigned to Executive will be to act as the Company's representative  overseeing

operations in the State of Texas,  specifically,  the operations of Canyon Creek

Oil& Gas,  Inc., the Company's  subsidiary in Texas and will be consistent  with

the  provisions  of the  Company's  Articles or  Certificate  of  Incorporation,

By-laws and applicable  law.  Executive will devote all of his business time and

attention to the  performance of his  obligations,  duties and  responsibilities

under this Agreement.  Executive may engage in personal, charitable, and passive

investment activities to the extent such activities do not conflict or interfere

with  his   obligations   to,  or  his   ability  to  perform   the  duties  and

responsibilities  of his employment by the Company as determined by the Board in

its discretion.



      4. Annual Compensation.



      (a) Base  Salary.  The Company  will pay salary to  Executive at an annual

rate of $60,000.00,  in accordance with its regular payroll practices. The Board

will  review  Executive's  salary at least  annually.  The Board,  acting in its

discretion,  may increase (but may not decrease) the annual rate of  Executive's

salary in effect at any time.



      5. Additional Compensation.



      (a)  Grant  of  Restricted  Stock.  The  Company  will  issue  and sell to

Executive  certain shares of the Company's common stock pursuant to a Restricted

Stock Purchase  Agreement  (the "Grant  Shares") which shares shall be issued in

increments to be determined by the Board.





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      6. Employee Benefit Programs and Perquisites.



      (a) Reimbursement of Business  Expenses.  Executive is authorized to incur

reasonable expenses in carrying out his duties and  responsibilities  under this

Agreement and the Company will promptly  reimburse him for all expenses that are

so incurred upon  presentation of appropriate  vouchers or receipts,  subject to

the Company's  expense  reimbursement  policies  applicable to senior  executive

officers generally.



      (b) Location of  Employment.  Executive's  place of employment  during the

Term will be at the principal  office of the Canyon Creek Oil & Gas, Inc., which

is presently in the Houston, Texas area, subject to the need for business travel

in connection with Company business.



      7. Termination of Employment.



      (a) Death. If Executive's  employment with the Company  terminates  before

the end of the then  current  Term by reason of his  death,  then (1) as soon as

practicable  thereafter,  the Company  will pay to his estate an amount equal to

his "Accrued  Compensation"  (defined below) through the date of death.  For the

purposes of this  Agreement,  the term "Accrued  Compensation"  means, as of any

date,  the amount of any unpaid  salary  earned by Executive  through that date,

plus  any  additional  amounts  and/or  benefits  payable  to or in  respect  of

Executive  under and in accordance  with the  provisions  of any employee  plan,

program or arrangement under which Executive is covered.



      (b)  Disability.  Company  agrees  to  assist  Executive  in  meeting  the

contingency  of  disability.  The Company deems it to be in its best interest to

establish  a  sick  pay  or  disability  plan  to  provide   Executive's  salary

continuation  or sick pay  benefits  in the  event of  absence  from work due to

accident,  injury,  or  sickness  by way of paying the  premium of an  insurance

policy,  which will pay Executive no less than Executive's  then-base salary per

month for the duration of the remaining  portion of the Term of this  Agreement.

If the  Company  terminates  Executive's  employment  by reason  of  Executive's

"Disability"  (defined  below),  then  (1) as  soon as  practicable  thereafter,

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