EXHIBIT 10.03

                              EMPLOYMENT AGREEMENT

     THIS  EMPLOYMENT  AGREEMENT  (the "Agreement"), made and entered into as of
July 15, 2002, by and between Nanopierce Technologies, Inc. (the "Corporation"),
a  Nevada  corporation, and Kristi J. Kampmann, an individual with her principal
business  address  at 370 Seventeenth Street, Suite 3640, Denver, Colorado 80202
(the  "Executive");

     1.     EMPLOYMENT  AND  TERM.

               (a)     Employment.  The  Company  hereby  employs  Executive and
     Executive  hereby  accepts  such  employment,  in  the  capacity  of  Chief
     Financial  Officer  of  the Corporation to act in accordance with the terms
     and  conditions  hereinafter  set  forth.

               (b)     Term.  Executive's  employment  hereunder shall be for an
     initial  term of two years (the "Initial Term") commencing on July 15, 2002
     (the  "Effective  Date")  and  terminating on July 15, 2003, subject to the
     extension  or  earlier  expiration  of the Initial Term as provided in this
     Agreement.  Within  forty-five (45) days of July 15, 2003 the Corporation's
     Board of Directors (the "Board") shall review Executive's performance under
     this  Agreement and, in its sole discretion, renew the Agreement for a term
     of  one  year  (a  "Renewal  Term") commencing on the first day immediately
     following  the  Expiration Date (as defined below). The board shall provide
     Executive  written  notice  of  its  decision  to  renew  or not renew this
     Agreement  at  least  30  days  prior to the date of this Agreement expires
     under  the Initial Term of any Renewal Term (the "Expiration Date"). If the
     Board  fails to provide Executive with such written notice, within the time
     period  set  forth  above,  the Agreement shall terminate on the Expiration
     Date  of the Initial Term or Renewal Term, as the case may be. Whenever the
     word  "Term" is used in this Agreement is shall refer to either the Initial
     Term  or  the  Renewal  Term,  as  the  case  may  be.

               (c)     Location  of Employment.  Effective upon the date of this
     Agreement,  and  through the Initial Term the Corporation shall maintain an
     office  for  Executive  at  370  Seventeenth  Street,  Suite  3640, Denver,
     Colorado  80202,  or  such  other  location  upon which the Corporation and
     Executive  shall mutually agree at which location Executive shall carry out
     her  duties.

     2.     DUTIES.

               (a)     During  the period of employment as provided in Paragraph
     1(b)  hereof,  Executive  shall  serve  as  Chief  Financial Officer of the
     Corporation,  and  shall  have  all  powers and duties consistent with such
     position  subject to the direction of the Board. Such duties shall include,
     without  limitation,  the  following:

                    (i)  Chief  Financial  Officer.  The  primary  duties  and
          responsibilities  of  the  Chief  Financial  Officer  consist  of  the
          following:  to  establish  overall  financial practices and procedures
          necessary to maintaining effective accounting control over all aspects
          of  the  Corporation  and  its  subsidiaries.  In  addition, the Chief
          Financial Officer will have primary responsibility for the appropriate
          management  and


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          investment of the Corporation's assets, particularly cash, to maximize
          the  highest possible rate of return. Additional responsibilities will
          include dealing primarily with the Corporation's independent auditors,
          financial  institutions,  particularly  commercial banks and financial
          analysts,  the  preparation,  based  upon  information  obtained  from
          appropriate  personnel,  of  an  annual  budget, both consolidated and
          unconsolidated  and  additional  interim reports as will permit him to
          maintain  effective  control  and supervision on a continuing basis of
          the  Corporation's  financial  results  or  operations  and  financial
          status,  and  such  further  responsibilities  as  are  delegated  to
          Executive  by  the  President  and  Chief  Executive  Officer  of  the
          Corporation.

               (b)     Executive  shall  devote  substantially  her  entire
     professional  time,  attention  and  energy exclusively to the business and
     affairs  of  the  Corporation  and  its  subsidiaries,  as its business and
     affairs  now  exist  and  as  they  hereafter may be changed, and shall not
     during  the  term  of  her  employment  hereunder  be  engaged in any other
     business activity whether or not such business activity is pursued for gain
     or  profit.  The  foregoing  shall not be construed as preventing Executive
     from  (a) managing her personal investments or investing her assets in such
     form  or manner as will not require any significant services on her part in
     the  operation  of  the affairs of the businesses or entities in which such
     investments  are  made, provided Executive shall not invest in any business
     competitive with the Corporation and its affiliates, except those companies
     whose  securities  are  listed  on a national securities exchange or quoted
     daily  in  the  Over-the-Counter  Market  listing  of  the  The Wall Street
     Journal; or (B) preclude Executive from continuing to serve on the board of
     directors  of  any  business  corporation or any charitable organization on
     which  she  now  serves  and which has been disclosed to the Corporation in
     writing  or,  subject  to  the  prior approval of the Board, from accepting
     employment  to additional board of directors, provided that such activities
     do  not  materially  interfere  with  the performance of Executive's duties
     hereunder.

          (c)     Executive  further  agrees  that  during  the  term  of  her
     employment  under  this  Agreement  she will engage in no business or other
     activities, directly or indirectly, which are or may be competitive with or
     which  might  place  him in a competing position to that of the Corporation
     and  its  affiliates  without  obtaining  the  prior written consent of the
     Board,  including,  without  limitation,  the solicitation or acceptance of
     consulting work from clients of the Corporation and its affiliates for whom
     she  has  performed services by virtue of this Agreement or who she has met
     in  connection  with  her  employment  under  this  Agreement.


     3.     COMPENSATION.

          (a)     Base  Salary.  For  services  performed  by  Executive for the
     Corporation  pursuant to this Agreement during the first year July 15, 2002
     to  July 15, 2003, the Corporation shall pay Executive a base salary at the
     rate of $60,000.00 per year (the "Base Salary"), payable in accordance with
     the Corporation's normal payroll practices but in no event less than once a
     month. Any compensation paid to Executive under any additional compensation
     or  incentive  plan of the Corporation, or that may be otherwise authorized
     from  time to time by the Board, shall be in addition to the base salary to
     which  Executive  shall  be  entitled  under  this  Agreement.


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          (b)     Tax  Withholding.  The  Corporation  shall  provide  for  the
     withholding  of  any  taxes  required  to be withheld by federal, state and
     local  law  with respect to any payment in cash, shares of capital stock or
     other  property  made  by  or  on  behalf  of the corporation to or for the
     benefit  of  Executive  under  this Agreement or otherwise. The Corporation
     may, at its option: (I) withhold such taxes from any cash payments owing to
     the  Corporation to Executive, including any payments owing under any other
     provision  of  this  Agreement,  (ii)  require  Executive  to  pay  to  the
     Corporation  in  cash  such  amount  as  may  be  required  to satisfy such
     withholding  obligations or (iii) make other satisfactory arrangements with
     Executive  to  satisfy  such  withholding  obligations.

     4.     BENEFITS.  In  addition  to the base Salary, Executive shall also be
entitled  to  the  following:

          (a)     Participation  in  Benefit Plans.  Executive shall be entitled
     to  participate  in  the various retirement, welfare, fringe benefit, group
     long-term  disability  plans and other executive perquisite plans, programs
     and  arrangements  of  the Corporation available for senior executive level
     officers  of  the Corporation. Executive and her dependents, at Executive's
     request shall be enrolled in the Corporation's health, life, disability and
     other  insurance  plans  and  programs immediately upon her commencement of
     employment  hereunder.

          (b)     Vacation  and  Sick Leave.  Executive shall be entitled to two
     weeks  of vacation during each calendar year during which this Agreement is
     in  effect,  or  such  greater period as the Board may approve, and to paid
     holidays  given  by  the  Corporation  to its domestic employees generally,
     without  reduction  in  salary  or  other benefits. Executive shall also be
     entitled  to  sick  leave  according  to  the  sick leave policy, which the
     Corporation  may  adopt  from  time  to  time.

          (c)     Basic Stock Option.  Executive shall be eligible for grants of
     stock  options  in accordance with the Corporation's 1998 Stock Option Plan
     or  such  other  stock  option  plan  developed  by  the  Board.

          (d)     Expenses.  The  Corporation  shall  reimburse  Executive, upon
     proper  accounting,  for  reasonable  business  expenses  and disbursements
     incurred  by  him in the course of the performance of her duties under this
     Agreement  and  in  accordance with the Corporation's policies as in effect
     from  time  to  time.

          (e)  Proration  of  Benefits.  Any  payments or benefits hereunder, in
     any  year  during  which  Executive is employed by the Corporation for less
     than  the  entire  year  shall, unless otherwise provided in the applicable
     plan  or  arrangement, be prorated in accordance with the number of days in
     such  year  during  which  Executive  is  employed  by  the  Corporation.

     5.     INDEMNIFICATION  AND  INSURANCE.  Executive shall be entitled to the
maximum indemnification provided by the Bylaws and the Articles of Incorporation
of  the  Corporation for officers and employees of the Corporation.  Executive's
rights under this Paragraph shall continue without time limit so long as she may
be  subject  to  any  such  liability, whether or not the Term of employment has
ended.  The  Corporation  shall  obtain  and  maintain,  in effect, officers and
directors liability insurance in an amount not less than $1,000,000 without time
limit  so long as


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Executive  may  be  subject  to  any  such liability, whether or not the Term of
employment  has  ended.

     6.     REPRESENTATIONS  AND  WARRANTIES  OF  EXECUTIVE.  Executive  hereby
represents  and  warrants  to the Corporation that (a) Executive's execution and
delivery  of  this  Agreement  and her performance of her duties and obligations
hereunder  will not conflict with, or cause a default under, or give any party a
right  to damages under, or to terminate, any other agreement to which Executive
is  a  party  or  by  which  she  is  bound,  and (b) there are no agreements or
understandings  that  would  make  unlawful Executive's execution or delivery of
this  Agreement  or  her  employment  hereunder.

     7.     REPRESENTATIONS  AND WARRANTIES OF THE CORPORATION.  The Corporation
hereby  represents  and  warrants  to  Executive  as  follows:

          (a)  The  Corporation  is  duly  organized  and  established  as  a
     corporation  under  the  laws  of the State of Nevada and has all requisite
     power  and  authority  to  enter  into  this  agreement  and to perform its
     obligations hereunder. The consummation of the transactions contemplated by
     this  Agreement  will neither violate nor be in conflict with any agreement
     or  instrument to which the Corporation is a party or by which it is bound.

          (b)  The execution, delivery and performance of this Agreement and the
     transactions  contemplated  hereby have been duly and validly authorized by
     all  requisite  corporate  action  on  the  part of the Corporation and are
     valid,  legal  and  binding  obligations of the Corporation, enforceable in
     accordance with their terms except as may be limited by the laws of general
     application relating to bankruptcy, insolvency, moratorium or other similar
     laws  relating  to  or  affecting the enforcement or creditors' rights, and
     rules  of  law  governing  specific performance, injunctive relief or other
     equitable  remedies.

     8.     TERMINATION.

          (a)     Cause.  The  Corporation  may terminate Executive's employment
     at  any  time  for  Cause  (as defined herein), by reason of Disability (as
     defined  herein),  or without Cause; provided, however, that for any reason
     constituting  Cause,  Executive  is given (x) reasonable notice ("Notice of
     Termination  for  Cause")  setting  forth the reasons for the Corporation's
     intention to terminate for Cause and the effective date of such termination
     (which  effective  date may be the date of such notice), (y) an opportunity
     for  Executive,  together  with  her  counsel, to be heard before the Board
     within two weeks of such notice and (z) within five (5) business days after
     Executive's  hearing before the Board, written notice to Executive from the
     Board  of  its  good  faith determination that the reasons specified in the
     Notice of Termination for Cause constitute Cause under this Paragraph 8(a),
     and  that  Executive's  employment  is  terminated effective as of the date
     specified  in  the  Notice  of Termination for Cause. Executive's rights to
     receive  her salary and benefits hereunder shall not be affected during the
     period  between  the receipt of the Notice of Termination for Cause and the
     determination,  if  any,  by  the  Board that the reasons specified in such
     notice  constituted  Cause.  For purposes of this Agreement, "Cause" means:

               (i)  Executive  commits  a  breach  of  any material term of this
          Agreement,  or  any  material  obligation of the Corporation, and such
          breach constitutes gross negligence


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          or  willful  misconduct and, if such breach is capable of being cured,
          Executive  Fails  to cure such breach within 30 days of notice of such
          breach;

               (ii)     Executive  is  convicted  of,  or  pleads guilty or nolo
          contendere  to  a  felony;

               (iii)     Executive's  commission of any act that would cause any
          license  of  the  Corporation  or its subsidiaries or affiliates to be
          revoked,  suspended,  or  not  be  renewed  after  proper application;

               (iv)  gross  negligence  in the performance of Executive's duties
          and  responsibilities;

               (v)  refusal of Executive to follow proper and achievable written
          direction  of  the  Board,  provided  that  this shall not be Cause if
          Executive  in  good  faith  believes  the  direction  to  be  illegal,
          unethical  or  immoral  and  so  notifies  the  Board;

               (vi)  material fraud or dishonesty with regard to the Corporation
          (other  than  good  faith  expense  account  disputes);  or

               (vii)  continuous  refusal  to  attempt  to  perform  Executive's
          responsibilities  and  duties  after  written  notice.

          (b)  Good  Reason.  Executive may terminate her employment at any time
     for  any  of  the following reasons (each of which is referred to herein as
     "Good  Reason")  by  giving the Corporation notice of the effective date of
     such  termination  (which  effective  date may be the date of such notice):

               (i)  the  Corporation  commits  a  breach of any material term of
          this  Agreement  and,  if  such  breach is capable of being cured, the
          Corporation  fails  to  cure  such breach within 30 days of receipt of
          notice  of  such  breach;  or

               (ii)  a material change of position, duties or the assignments of
          duties  materially inconsistent with Executive's position as Executive
          Officer  of  the  Corporation.

          (c)  Change  in  Control.  Executive may, at her option, terminate her
     employment  upon  a  "Change  in  Control." For purposes of this Agreement,
     "Change  of  Control"  shall  mean:

               (i)  the obtaining by any party of fifty percent (50%) of more of
          the  voting shares of the Corporation pursuant to a "tender offer" for
          such  shares  as  provided  under  Rule  14d-2  promulgated  under the
          Securities  Exchange  Act of 1934, as amended (the "Exchange Act"), or
          any  subsequent comparable federal rule or regulation governing tender
          offers;  or

               (ii)  individuals who were members of the Board immediately prior
          to  any  particular  meeting  of  the Corporation's shareholders which
          involves  a contest for the election of directors fail to constitute a
          majority  of  the  members  of  the  Board following such election; or

               (iii)  the  Corporation's  executing  an agreement concerning the
          sale  of substantially all of its assets to a purchaser which is not a
          subsidiary;  or


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               (iv)     the  Corporation's  adoption of a plan of dissolution or
          liquidation;

               (v)  the Corporation's executing an agreement concerning a merger
          of consolidation involving the Corporation in which the Corporation is
          not the surviving corporation or if, immediately following such merger
          or  consolidation,  less  than  fifty  percent  (50%) of the surviving
          corporation's  outstanding  voting  stock  is  held by persons who are
          stockholders  of  the  Corporation immediately prior to such merger of
          consolidation.

          (d)  Executive's  Rights  to Terminate.  Executive may, at her option,
     terminate  her  employment  hereunder  for  any  reason upon 60 days' prior
     written  notice  to  the  Corporation.

          (e)  Death.  This  Agreement  shall  terminate  automatically  upon
     Executive's  death.

          (f)  Disability.  The  term  "Disability"  as  used in connection with
     termination  of  the  employment  of  Executive shall mean the inability of
     Executive  to  substantially  perform  her material duties hereunder due to
     physical  or  mental  disablement  which  continues for a period of six (6)
     consecutive  months,  during  the  term of employment (during which six (6)
     month  period Executive's salary and benefits shall continue) as determined
     by  an  independent  qualified  physician  mutually  acceptable  to  the
     Corporation and Executive (or her personal representative). Notwithstanding
     the  above,  in  the  event  of  Disability, Executive shall be entitled to
     participate  in and be covered by the Corporation's group health plan until
     Executive  is  able  to  obtain  health insurance on substantially the same
     terms  and  conditions  as provided in the Corporation's group health plan;
     provided,  however,  that  if  the Corporation's group health plan does not
     allow  Executive  and  her  dependents  to  continue  coverage,  then  the
     Corporation  and  Executive  agree  to  negotiate  a  mutually satisfactory
     alternative  to  provide  Executive  with  the  benefits  intended  by this
     Paragraph  8(f).

          (g)  Without  Cause.  The  Corporation  may,  at its option, terminate
     Executive's  employment  without  Cause  at any time upon written notice to
     Executive.

          (h)  Date  of  Termination.  For  purposes of this Agreement, the term
     "Date  of  Termination"  shall  mean  the date that any party gives notice,
     through  action  or  otherwise, that it intends to terminate this Agreement
     pursuant  to  the  terms  hereof  or  the  date,  if  any, specified by the
     terminating  party  in  such  notice  as the effective date of termination;
     provided,  however,  with  respect  to  termination  for Cause, the Date of
     Termination  shall  be  the  date of receipt by Executive of written notice
     form  the  Board  as  required by Paragraph 8(a) hereof. In addition, where
     Executive  gives  notice to terminate this Agreement and the effective date
     of  termination  is  other than the date the Corporation receives notice of
     termination,  the  Corporation  reserves  the  right  to  accelerate  the
     Termination  Date  to  the  date  Executive notified the Corporation of her
     intent  to  terminate  this  Agreement.

     9.     OBLIGATIONS  OF  THE  CORPORATION  UPON  TERMINATION.

          (a)  Without  cause  or  for  Good  Reason.  If  the Corporation shall
     terminate  Executive's  employment  without  Cause  or  if  Executive shall
     terminate  her  employment  for Good Reason, this Agreement shall terminate
     without  further  obligation  to  Executive  hereunder,  other  that  the
     obligation  (i)  to  continue  to  pay  Executive  in  accordance  with the
     Corporation's  normal  payroll  payment procedures her Base Salary from the
     Date  of


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     Termination  at  the  rate in effect on the Date of Termination through the
     next  anniversary  of  the  Effective Date; and (ii) to continue to provide
     Executive  with  the  benefits set forth in Paragraph 4(a) through the next
     anniversary  of  the  Effective  Date.

          (b)  Voluntary.  If Executive terminates her employment for other than
     Good  Reason  (a  "Voluntary  Termination"), this Agreement shall terminate
     without  further  obligation  to  Executive  hereunder,  other  than  the
     obligation  (i)  to  continue  to  pay  Executive  in  accordance  with the
     Corporation's normal payroll payment procedures her Base Salary through the
     Date of Termination at the rate in effect on the Date Termination; and (ii)
     to  continue  to  provide  Executive with benefits of the type described in
     Paragraph  4(a)  through  the  day  preceding  the  Date  of  Termination.

          (c)  Cause.  If  Executive's  employment  shall  be  terminated by the
     Corporation for "Cause" the Corporation shall continue to pay Executive her
     Base  Salary through the Date of Termination at the rate in effect upon the
     Date  of  Termination.  Thereafter,  the  Corporation shall have no further
     obligation  to  Executive.

          (d)  Death.  If  Executive's  employment  is  terminated  by reason of
     Executive's  death,  the  corporation  shall  pay  to  Executive's heirs or
     estate,  the  Base  Salary at the rate in effect on the day preceding death
     through  the  next  anniversary  of  the  Effective  Date, in one lump sum,
     payable  within  sixty  days  of  the  date  of  death.

          (e)  Disability.  If Executive's employment is terminated by reason of
     Disability,  the  Corporation  shall  (i)  continue  in accordance with the
     Corporation's  normal  payroll payment procedures to pay Executive her Base
     Salary  form  the  Date of Termination at the rate in effect on the Date of
     Termination,  through the next anniversary of the Effective Date; provided,
     however,  that  if  an  event or condition is determined to be the cause of
     Disability,  by  an independent qualified physician acceptable to Executive
     and  the Corporation, and such event or condition occurs at any time in the
     last  six  months  of  the Term, then the Corporation shall continue to pay
     Executive  her  Base  Salary  in  accordance  with the Corporation's normal
     payroll procedures for a period of Six (6) months beyond the Term; and (ii)
     continue  to  provide  Executive  with  benefits  of  the type described in
     Paragraph  4(a)  through  the  next  anniversary  of  the  Effective  Date;
     provided,  however,  that  if  the Corporation's group health plan does not
     allow  Executive  and  her  dependents  to  continue  coverage,  then  the
     Corporation  and  Executive  agree  to  negotiate  a  mutually satisfactory
     alternative  to  provide  Executive  with  the  benefits  intended  by this
     Paragraph  9(e).

          (f)  Change of Control.  If Executive terminates her employment within
     90  days  following a Change of Control, the Corporation shall (i) continue
     in  accordance  with the Corporation's normal payroll payment procedures to
     pay  Executive  her  Base  Salary  at  the  rate  in  effect on the Date of
     Termination  through  the  next anniversary of the Effective Date; and (ii)
     continue  to  provide  Executive  with  benefits  of  the type described in
     Paragraph  4(a)  through  the  day  preceding  the  Date  of  Termination.

     10.  NON-COMPETITION.  Executive  acknowledges  and  recognizes  the highly
competitive  nature  of  the  Corporation  and  its  affiliates  and  Executive
accordingly  covenants and agrees, that at all times for a period of twelve (12)
consecutive months subsequent to the end of the Term or the Date of Termination,
whichever  occurs  earlier,  as  follows:


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          (a)  Executive  will  not directly or indirectly own, manage, operate,
     finance,  join  control  or  participate  in  the  ownership,  management,
     organization  ,  financing  or  control  of, or be connected as an officer,
     director,  employee,  partner, principal, agent, representative, consultant
     or otherwise with any business or enterprise engaged in a business the same
     as  or  substantially  similar  to  the business of the Corporation and its
     affiliates except as a holder of fewer that 5% of the outstanding shares or
     other  equity interests of a company whose shares or other equity interests
     are  registered  under  Section  12  of  the  Exchange  Act.

          (b)  Executive  will not directly or indirectly induce any employee of
     the Corporation or any of its affiliates to engage in any activity in which
     Executive  is  prohibited  from  engaging  by  subparagraph (a) above or to
     terminate  their  employment with the corporation or any of its affiliates,
     and  will  not  directly  or  indirectly  employ or offer employment to any
     person  who was employed by the Corporation or any of its affiliates unless
     such  person  shall  have  been  terminated  without  cause or ceased to be
     employed  by  any  such  entity  for  a  period  of  at  least  12  months.

          (c)  Executive  will  not  use  or  permit  her  name  to  be  used in
     connection with any business or enterprise engaged in the business the same
     as  or  similar  to  Corporation  or  its  affiliates or any other business
     engaged  in  by  Corporation  or  any  of  its  affiliates.

          (d)  Executive  will  not  use the name of the Corporation or any name
     similar  thereto,  but  nothing  in  this  clause  shall  be  deemed,  by
     implication,  to  authorize  or permit use of such name after expiration of
     such  period.

          (e)  Executive will not make any statement or take any action intended
     to impair the goodwill or the business reputation of the Corporation or any
     of  is  affiliates,  or to be otherwise detrimental to the interests of the
     Corporation  or  any  of  its affiliates, including any action or statement
     intended,  directly  or  indirectly,  to  benefit  a  competitor  of  the
     Corporation  or  any  of  its  affiliates,  except  as  may  be required by
     applicable  law  or  by  a  local,  state  or  federal  regulatory  agency.

          (f)  Executive  will  not  (a) disclose any customer lists or any part
     thereof  to  any person, firm, corporation, association or other entity for
     any  reason  or  purpose  whatsoever;  (b)  assist  in obtaining any of the
     Corporation's  customers  for any other similar business; (c) encourage any
     customer  to  terminate,  change  or  modify  its  relationship  with  the
     Corporation;  or  (d) solicit or divert or attempt to solicit or divert the
     Corporation's  customers.

          (g)  The  Corporation shall have the right, subject to applicable law,
     to inform any other third party that the Corporation reasonably believes to
     be,  or  to be contemplating participating with Executive or receiving from
     Executive  properties of the Corporation in violation of this Agreement and
     of  the  rights of the Corporation hereunder, and that participation by any
     such  third  party  with  Executive  in  activities  in  violation  of this
     Paragraph  10 may give rise to claims by the Corporation against such third
     party;

          (h)  Executive  and  the  Corporation  agree  that  in  light  of  the
     specialized  nature  of  the industry and the national-customer base of the
     Corporation's  business,  that the restrictions set forth in this Paragraph
     10  shall  apply  to Executive within the territory of the United States of
     America.  It  is  expressly  understood  and  agreed  that  although


                                  Page 8 of 13
<PAGE>
     Executive  and  the  Corporation  consider the restriction contained in the
     Paragraph 10 to be reasonable, if a final judicial determination is made by
     a  court  of competent jurisdiction that the time or territory or any other
     restriction  contained  in  this  Agreement is an unenforceable restriction
     against  Executive,  the provisions of this Agreement shall not be rendered
     void  but  shall  be  deemed  amended  to apply as to such maximum time and
     territory and to such maximum intent as such court may judicially determine
     or  indicate  to  be  enforceable. Alternatively, if any court of competent
     jurisdiction  finds  that  any  restriction  contained in this Agreement is
     unenforceable,  and  such  restriction  cannot  be amended so as to make it
     enforceable, such finding shall not affect the enforceability of any of the
     other  restrictions contained herein; provided, however that the provisions
     of  this  Paragraph  10  shall not apply if Executive is terminated without
     Cause  or  Executive  terminates  for  Good  Reason.

          (i)  The  failure  of  Executive  to  abide  by the provisions of this
     Paragraph  10  shall  be  deemed  a  material breach of this Agreement. The
     primary  purpose  of  the  covenant  not  to  compete  is the Corporation's
     legitimate  interest  in  protecting  its  economic  welfare  and  business
     goodwill.  The  Corporation  and  the  Executive  further  agree  that this
     covenant  shall  in no way be construed as a mere limitation on competition
     nor  shall it be construed as a restraint on Executive's right to engage in
     a  common  calling.

     11.  PROPRIETARY  INFORMATION.  Executive  agrees  that at all times during
the  Term  of  this  Agreement  and after Executive is no longer employed by the
Corporation,  Executive  shall  not  use  for her personal benefit, or disclose,
communicate  or  divulge  to,  or  use for the direct or indirect benefit on any
person, firm, association or company other than the Corporation, any Proprietary
Information.  "Proprietary  Information"  means  information  relating  to  the
properties,  prospects,  products,  services or operations of the Corporation or
any  direct  or  indirect  affiliate  thereof  that  is  not generally known, is
proprietary  to the Corporation or such affiliate and is made known to Executive
or  learned  or  acquired  by  Executive while in the employ of the Corporation,
including,  by  way  of illustration, but not limitation, information concerning
trade secrets, processes, structures, formulae, data and know-how, improvements,
inventions,  product  concepts,  techniques,  marketing  plans,  strategies,
forecasts,  customer  lists  and  information  about the Corporation's employees
and/or  consultants  (including,  without  limitation,  the  compensation,  job
responsibility  and  job  performance  of  such  employees  and/or consultants).
However, Proprietary Information shall not include (i) at the time of disclosure
to Executive such information that was in the public domain or later entered the
public  domain  other than as result of a beach of an obligation herein; or (ii)
subsequent  to disclosure to Executive, Executive received such information form
a  third  party  under no obligation to maintain such information in confidence,
and  the  third  party  came into possession of such information other than as a
result  of  a  breach  of  an  obligation  herein.  All materials or articles of
information  of  any kind furnished to Executive by the Corporation or developed
by Executive in the course of her employment thereunder are and shall remain the
sole  property of the Corporation; and if the Corporation requests the return of
such  information  at  any  time  during,  upon  or  after  the  termination  of
Executive's  employment  hereunder, Executive shall immediately deliver the same
to  the  Corporation.

     12.  OWNERSHIP  OF  PROPRIETARY  INFORMATION.  Executive  agrees  that  all
Proprietary  Information  shall  be the sole property of the Corporation and its
assigns,  and  the  Corporation  and  its assigns shall be the sole owner of all
licenses  and  other rights in connection with such proprietary Information.  At
all  times  during  the  Term of this Agreement and after Executive is no longer
employed  by  the  Corporation, Executive will keep the strictest confidence and
trust  all Proprietary Information and will not use or disclose such Proprietary
Information, or anything


                                  Page 9 of 13
<PAGE>
relating  to  such  information,  without  the  prior  written  consent  of  the
Corporation,  except  as  many be necessary in the ordinary course of performing
her  duties  under  this  Agreement.

     13.  DOCUMENTS  AND  OTHER  PROPERTY.  All  materials  or  articles  of
information  of  any kind furnished to Executive in the course of her employment
hereunder  are and shall remain the sole property of the Corporation; and if the
Corporation  requests the return of such information at any time during, upon or
after  the  termination  of  Executive's  employment  hereunder, Executive shall
immediately  deliver  the  same to the Corporation.  Executive will not, without
the  prior  written  consent  of  the Corporation, retain any documents, data or
property,  or  any  reproduction  thereof  of  any description, belonging to the
Corporation  or  pertaining  to  any  Proprietary  Information.

     14.  THIRD-PARTY  INFORMATION.  The  Corporation from time to time receives
from  third parties confidential or proprietary information subject to a duty on
the  Corporation's  part to maintain the confidentiality of such information and
to use it only for certain limited purposes ("Third-party Information").  At all
times,  until  after  the  later  of  (a)  the  Expiration  Date,  (b) the fifth
anniversary of the Date of Termination or (c) the period of time the Corporation
must  maintain  the Third-Party Information as confidential, Executive will hold
Third-Party Information in the strictest confidence and will not disclose or use
Third-Party  Information  except  as  permitted  by  the  agreement  between the
Corporation  and  such  third  party.

     15.  INTELLECTUAL PROPERTY.  Any and all improvements, inventions, designs,
ideas,  works  of  authorship,  copyrightable  works,  discoveries,  trademarks,
copyrights,  trade secrets, formulae, processes, techniques, know-how, and data,
whether  or  not  patentable  (collectively  "Products"),  made  or conceived or
reduced  to  practice  or  learned  by  Executive,  either along or jointly with
others,  during  the  period  of  Executive's  employment (whether or not during
normal working hours) that are related to or useful in the actual or anticipated
business  of  the  Corporation,  or  result from tasks assigned Executive by the
Corporation  or  result  from  Executive's  use  of premises or equipment owned,
leased,  or  contracted  for  by  the  Corporation (a) during the period of this
Agreement,  or  (b)  within  a period of one year after the Date of Termination,
which may be directly or indirectly useful in, or relate to, the business of the
Corporation,  shall  be  promptly  and fully disclosed by Executive to the Board
and,  if  such  intellectual property was made, developed or created pursuant to
Executive's  employment  hereunder,  such  intellectual  property  shall  be the
Corporation's  exclusive  property  as  against  Executive,  and Executive shall
promptly  deliver  to  an  appropriate  representative  of  the  Corporation  as
designated  by  the  Board all papers, drawings, models, data and other material
relating  to  any  invention  made,  developed  or  created by him as aforesaid.
Executive  shall,  at  the  request  of  the Corporation and without any payment
therefor,  execute  any  documents  necessary or advisable in the opinion of the
Corporation's  counsel  or  direct  issuance  of  patents  or  copyrights to the
Corporation  with  respect  to  such  Products  as  are  to be the Corporation's
exclusive  property  as against Executive or to vest in the Corporation title to
such  Products as against executive.  The expense of securing any such patent or
copyright shall be borne by the Corporation.  Executive shall be compensated, in
accordance  with  the  Corporation's  "Creative Awards" standard policy, for all
Products  created  or  developed by the Executive either prior to her employment
(if  delivered  to  the  Corporation)  or  during  the  term  of her Employment.

     16.  EQUITABLE  RELIEF.  Executive acknowledges that, in view of the nature
of  the business in which the Corporation is engaged, the restrictions contained
in  paragraphs  10 through 15, inclusive (the "Restrictions") are reasonable and
necessary  in  order  to protect the legitimate interest of the Corporation, and
that  any  violation  thereof  would  result  in  irreparable  injuries  to  the
Corporation,  and  Executive  therefor  further  acknowledges that, if Executive
violates,  or


                                  Page 10 of 13
<PAGE>
threatens to violate, any of the Restrictions, the Corporation shall be entitled
to  obtain  from any court of competent jurisdiction, without the posting of any
bond  or  other security, preliminary and permanent injunctive relief as well as
damages  and an equitable accounting of all earnings, profits and other benefits
arising from such violation, which rights shall be cumulative and in addition to
any  other  rights  or remedies in law or equity to which the Corporation may be
entitled.

     17.  BINDING EFFECT.  This Agreement shall be binding upon and inure to the
benefit  of  the  heirs  and representatives of Executive and the successors and
assigns  of  the  Corporation.  The  Corporation  shall  require  any  successor
(whether direct or indirect, by purchase, merger, reorganization, consolidation,
acquisition  of  property  or  stock,  liquidation  or  otherwise)  to  all or a
significant  portion  of  its  assets,  by  agreement  in  form  and  substance
satisfactory  to  Executive,  expressly  to  assume  and  agree  to perform this
Agreement  in  the same manner and to the same extent that the Corporation would
be  required  to  perform  this Agreement if no such succession had taken place.
Regardless  whether  such agreement is executed, this Agreement shall be binding
upon  any  successor  of the Corporation in accordance with the operation of law
and  such  successor  shall  be  deemed  the "Corporation," for purposes of this
Agreement.

     18.  NOTICES.  All  notices,  requests,  demands  and  other communications
hereunder  shall  be  in  writing and shall be deemed to have been duly given if
delivered  by hand or mailed within the continental United States by first-class
certified mail, return receipt requested, postage prepaid, addressed as follows:

          (a)  if to the Board or the Corporation, to:

               Nanopierce  Technologies,  Inc.
               370  Seventeenth  Street,  Suite  3640
               Denver,  Colorado  80202
               Attention:  President

          (b)  if to Executive:

               Kristi  J.  Kampmann
               370  17th  Street,  Suite  3640
               Denver,  CO  80202

Such  addresses  may be changed by written notice sent to the other party at the
last  recorded  address  of  that  party.

     19.     ARBITRATION  OF  ALL  DISPUTES.

          (a)  Any  controversy  or  claim  arising  out  of or relating to this
     Agreement  or  the  breach  thereof  (including  the  arbitrability  of any
     controversy  or  claim),  shall  be  settled  by arbitration in the City of
     Denver  in  accordance  with  the  laws  of  the State of Colorado by three
     arbitrators,  one  of  whom  shall  be appointed by the Corporation, one by
     Executive  and  the  third  of  whom  shall  be  appointed by the first two
     arbitrators.  If  the first two arbitrators cannot agree on the appointment
     of  a third arbitrator, then the third arbitrator shall be appointed by the
     American  Arbitration  Association.  The  arbitration shall be conducted in
     accordance  with  the rules of the American Arbitration Association, except
     with  respect to the selection of arbitrators which shall be as provided in
     this  paragraph  19. The cost of any arbitration proceeding hereunder shall
     be  borne  equally  by  the


                                  Page 11 of 13
<PAGE>
     Corporation  and  Executive.  The award of the arbitrators shall be binding
     upon  the  parties. Judgment upon the award rendered by the arbitrators may
     be  entered  in  any  court  having  jurisdiction  thereof.

          (b)  If  it  shall  be  necessary or desirable for Executive to retain
     legal  counsel  and  incur  other costs and expenses in connection with the
     enforcement  of any or all of her rights under this Agreement, and provided
     that  Executive  substantially  prevails in the enforcement of such rights,
     the  Corporation  shall pay (or Executive shall be entitled to recover from
     the Corporation, as the case may be) Executive's reasonable attorneys' fees
     and  costs  and  expenses  in connection with the enforcement of her rights
     including  the  enforcement  of  any  arbitration  award.

     20.  NO  ASSIGNMENT.  Except  as  otherwise expressly provided herein, this
Agreement  is  not  assignable  by any party and no payment to be made hereunder
shall  be  subject  to  anticipation,  alienation,  sale,  transfer, assignment,
pledge,  encumbrance  or  other  charge.

     21.  EXECUTION  IN COUNTERPARTS.  This Agreement may be executed by parties
hereto  in  two  or  more  counterparts,  each of which shall be deemed to be an
original,  but  all  such  counterparts  shall  constitute  one  and  the  same
instrument.  The  facsimile  signature  of  any party to this Agreement shall be
considered  an  original  signature  of  such  person.

     22.  JURISDICTION  AND  GOVERNING  LAW.  Jurisdiction  over  disputes  with
regard  to  this  Agreement  shall  be exclusively in the courts of the State of
Colorado,  and  this  Agreement shall be construed and interpreted in accordance
with  and governed by the laws of the State of Colorado, other than the conflict
of  laws  provisions  of  such  laws.

     23.  SEVERABILITY.  If any provision of this Agreement shall be adjudged by
any  court  of  competent  jurisdiction  to  be invalid or unenforceable for any
reason,  such  judgment  shall not affect, impair or invalidate the remainder of
this  Agreement.

     24.  ENTIRE AGREEMENT.  This Agreement embodies the entire agreement of the
parties  hereof,  and  supersedes  all  other  oral  or  written  agreements  or
understandings  between  them  regarding  the subject matter hereof.  No change,
alteration  or  modification  hereof  may be made except in a writing, signed by
each  of  the  parties  hereto.

     25.  HEADINGS  DESCRIPTIVE.  The headings of the several paragraphs of this
Agreement  are inserted for convenience only and shall not in any way affect the
meaning  or  construction  of  any  of  this  Agreement.




                                  Page 12 of 13
<PAGE>
     IN  WITNESS  WHEREOF,  the  parties hereto have executed and delivered this
Agreement  as  of  the  day  and  year  first  above  written.



                                      NANOPIERCE TECHNOLOGIES, INC.



                                      By: /s/ Paul H. Metzinger
                                          ------------------------
                                              Paul H. Metzinger, President & CEO

                                      EXECUTIVE


                                      By: /s/ Kristi J. Kampmann
                                          -------------------------
                                              Kristi J. Kampmann




                                  Page 13 of 13
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