EMPLOYMENT AGREEMENT

     This  Employment  Agreement  made  as of the  1st day of June , 2000 by and
between Endovasc Ltd., Inc. (ENDV),  a Nevada  corporation (the "Company"),  and
Barbara J. Richardson .


     Whereas, the Company wishes to employ the Employee and the Employee desires
to work  for the  Company  upon  the  terms  and  conditions  set  forth in this
Agreement;

     NOW,  THEREFORE,  in  consideration of the premises and the mutual premises
hereinafter set forth, the Company and the Employee agree as follows:

     1.  Employment.  The Company  hereby  agrees to employ the Employee and the
Employee  agrees to work for the Company upon the terms and conditions set forth
herein.

     2. Term of Employment.  Subject to Section 6, hereof,  this Agreement shall
have a term of 3 years commencing June 1, 2000 (the "Initial Term"). Thereafter,
this  Agreement  shall  continue  in  effect  on  a  year-to-year  basis  unless
terminated in accordance with Section 6, hereof.

     3. Scope of Duties; Representations and Warranties.

          a. The Employee shall be employed by the Company as its Vice President
     of Operations.  At all times,  the Employee shall serve under the direction
     of the  Chairman  of the  Board  of  Directors  of the  Company  and  Chief
     Operating  Officer  or their  appointed  designee  and shall  perform  such
     services as the Chairman and Board of  Directors  in its  discretion  shall
     deem appropriate.

          b. So long as he/she is employed by the Company,  the  Employee  shall
     devote his/her skill,  energy and best efforts to the faithful discharge of
     his/her duties as an employee of the Company.  The Employee  agrees that in
     the  provision of all services to the Company,  he/she will comply with and
     follow all directives,  policies,  standards and  regulations  from time to
     time established by the Board of Directors of the Company.

          c. The  Employee  represents  and  warrants  that  he/she  is under no
     contractual  or other  restrictions  or  obligations  which will in any way
     limit his  activities  on behalf of the Company;  other than those  already
     disclosed and mutually agreed upon as noted here:NONE.

     4. Compensation.

          a. During the first year of this Agreement,  the Company shall pay the
     Employee  a  base  salary,   payable   bi-monthly  in  arrears,   in  equal
     installments  at a rate equal to $60,000 per annum. In each subsequent year
     of this Agreement,  the Company shall pay to the Employee a salary equal to
     the greater of (i) his salary for the immediate  preceding  year, or (ii) a
     salary  determined by the Board of Directors and/or CEO following an annual
     salary and
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     performance  review.   The  Company  shall  pay an annual bonus pursuant to
     an annual  incentive  compensation  plan up to 20 % of the Employee's  base
     salary, based upon Employee attaining mutually agreed upon goals.

          b. All payments of salary and other compensation to the Employee shall
     be made after deduction of any taxes which are required to be withheld with
     respect thereto under applicable federal and state laws.

     5.  Non-Compete.  The  Employee  agrees not to enter  into any  employment,
consulting or advisory  capacity  that competes with the Company's  products and
technologies  during  the  term  of  this  Agreement  and for  three  (3)  years
thereafter.

     6.  Confidentiality  and  Non-Disclosure.  The Employee  agrees to maintain
confidentiality  and  not  to  disclose  any  of the  Company's  trade  secrets,
processes,  designs and other  proprietary  information  during the term of this
Agreement,  except through similar  confidential  disclosures  having to do with
specific  negotiation on behalf of the Company,  and for a period of three years
after termination of his/her employment.

     7. Governing Law. This Agreement shall be governed by the laws of the State
of Nevada.


Agreed to and accepted by Employee:           Agreed to and Accepted by Company:


/s/ Barbara J. Richardson                       /s/ David P. Summers
Name: Barbara J. Richardson                         David P. Summers, Ph.D.
                                                    Chairman & CEO


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