EXHIBIT 10.68

      THIS GUARANTEE AGREEMENT made this 30th day of July, 2003.

BETWEEN:

         IVP TECHNOLOGY CORPORATION

        (hereinafter called "GUARANTOR")

                                                        OF THE FIRST PART

AND

         INTERNATIONAL BROTHERHOOD OF ELECTRICAL WORKERS LOCAL UNION 105

         (hereinafter called "LENDER")

                                                        OF THE SECOND PART


     WHEREAS the Lender has advanced the sum of  $500,000.00  U.S. to ActiveCore
Technologies Ltd. (the "Borrower"),  a wholly-owned subsidiary of IVP Technology
Corporation, (the "Guarantor"),  pursuant to the provisions of a Promissory Note
made by the Borrower in favour of the Lender dated the 30th day of July, 2003;

     NOW THEREFORE,  in  consideration of the loan advance made by the Lender to
the Borrower,  and such other good and valuable  consideration,  the receipt and
sufficiency of which is hereby acknowledged by the parties hereto, the Guarantor
does hereby covenant and agree with the Lender as follows:

     (1)  The Guarantor hereby unconditionally  guarantees to the Lender the due
and punctual  payment and  performance by the Borrower of all present and future
debts,  liabilities  and  obligations  of the Borrower  arising out of the funds
advanced  by the  Lender  to the  Borrower  pursuant  to the  provisions  of the
Promissory Note;

     (2)  The Lender shall not be bound to seek or exhaust its recourse  against
the Borrower  before being  entitled to payment  from the  Guarantor  under this
agreement;

     (3)  The recourse of the Lender  against the Guarantor  hereunder  shall be
limited to the sum of $500,000.00  U.S. plus accrued  interest as set out in the
Promissory Note;

     (4)  The Lender,  may from time to time (i) renew,  terminate and otherwise
vary any of the terms and conditions of any loans, advances, credit or financial
accommodation  made to the  Borrower;  (ii) grant  extensions  of time and other
indulgences,  take and give up securities,  accept  compositions,  proposals and
arrangements,  grant  releases and  discharges,  full,  partial,  conditional or
otherwise,  perfect or fail to perfect  any  securities,  release  any  property
charged by any  securities  and otherwise deal or fail to deal with the Borrower

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and others (including, without limitation, any other guarantors) and securities;
and (iii) apply all monies  received  from the Borrower or other persons or from
any securities, upon such part of the guaranteed obligations;  all as the Lender
may see fit,  without  prejudice  to or in any way  limiting  or  lessening  the
liability  of the  Guarantor  under this  agreement  and without  obtaining  the
consent of or giving notice to the  Guarantor.  No delay on the Lender's part in
the exercise of any right or remedy shall operate as a waiver thereof;

     (5)  All present  and future  debts,  liabilities  and  obligations  of the
Borrower to the Guarantor are hereby  postponed to the payment of the guaranteed
obligations  hereunder;  save and except that the  Borrower may continue to deal
with the  Guarantor in the normal course until notice of default with respect to
the payment  obligations  under the  Promissory  Note has been received from the
Lender;

     (6)  This  agreement  shall enure to the benefit of and be binding upon the
respective  legal  representatives,  successors and assigns of the Guarantor and
the Lender,  and shall be governed by and construed in accordance  with the laws
of the Province of Ontario;

     (7)  Any  demand or  notice  to be given by any  party  hereto to the other
party shall be in writing  and may be given by  personal  delivery or by prepaid
registered mail addressed as follows:

     (a)  to the Guarantor at:     2275 Lakeshore Blvd. West
                                   Suite 401
                                   Toronto, ON M8V 3Y3

     (b)  to the Lender at:        685 Nebo Road
                                   Hannon, ON LOR 1P0.

and if given by  registered  mail shall be deemed to have been  received  by the
party to whom it was  addressed  on the date  falling  four  (4)  business  days
following  the  date  upon  which  it is sent by  registered  mail  and has been
deposited in the post office with postage and cost of  registration  prepaid and
if personally delivered to an adult person during normal business hours, when so
delivered.  Provided that any of the above-named  parties may change the address
designated from time to time, by notice in writing to the other party hereto.

     (8)  The  Guarantor  acknowledges  and  agrees  that  until the  Borrower's
indebtedness to the Lender  hereunder,  or any other subsequent  Lender(s),  has
been  repaid  in  full  with  interest,   it  will  not  guarantee  any  further
indebtedness  of the  Borrower or of the  indebtedness  of any other Lender on a
cumulative basis in excess of a total amount of $2,000,000.00 U.S.

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     IN  WITNESS  WHEREOF  the  parties  hereto  have  executed  this  Guarantee
Agreement.


                                         IVP TECHNOLOGY CORPORATION

                                         Per:_____________________________
                                               President (Brian MacDonald)

                                         INTERNATIONAL ROTHERHOOD OF ELECTRICAL
                                         WORKERS LOCAL UNION 105

____________________________             _________________________________
Witness                                  Name:
                                         Title:


____________________________             _________________________________
Witness                                  Name:
                                         Title:


____________________________             _________________________________
Witness                                  Name:
                                         Title:

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