EXHIBIT 10.27

                              EMPLOYMENT AGREEMENT
                              --------------------
THIS  AGREEMENT  Dated  For  Reference  the  1st  day  of  April,  2002
BETWEEN:

  ABLEAUCTIONS.COM, INC., of 2042 - 112th Street Tacoma, Washington  98444-1537

 ("Ableauctions")

AND:


  ABDUL  LADHA,  of  7797  Jensen  Place,  Burnaby,  British  Columbia,
  V5A  2A7

  (the  "Executive")

WHEREAS:

A.     The  Executive  desires  to  enter  into employment with Ableauctions and
Ableauctions  desires  to  employ  the  Executive.

IN  CONSIDERATION  of the mutual agreements in this Agreement and subject to the
terms  and conditions specified in this Agreement, the parties agree as follows:

                                    ARTICLE 1
                                  DEFINITIONS

1.1     DEFINITIONS
        -----------
In this Agreement, including the recitals and the schedules, the following words
and  expressions  have  the  following  meanings  unless  the  context otherwise
requires:

"Affiliate  of  Ableauctions"  means  any  person  or  entity  controlled  by,
controlling or under common control with Ableauctions.  For the purposes of this
definition,  the  term  "control" when used with respect to any person or entity
means  the power to direct the management and policies of such person or entity,
directly or indirectly, whether as an officer or director, through the ownership
of  voting  securities,  by  contract  or  otherwise.  The  term  Affiliate  of
Ableauctions  specifically  includes  (i)  Able  Auctions  (1991) Ltd., (ii) any
corporate  subsidiary or parent of Ableauctions or of Able Auctions (1991) Ltd.,
and  (iii) any company or enterprise in which Ableauctions, Able Auctions (1991)
Ltd.  or  any corporate subsidiary or parent of either of them owns, directly or
indirectly,  more  than  10%  of the voting securities or any similar indicia of
ownership.

"Business  of  Ableauctions"  means  the  business  carried  on by Ableauctions,
consisting  of  (i)  auctioning  and liquidating office equipment, furniture and
industrial  equipment,  and (ii) developing and marketing computer software that
enables  users  to  conduct  or  participate in live auctions over the internet.

"Competitive  Business"  means any business or enterprise that competes with the
Business  of  Ableauctions.

"Permanent Disability" means (i) the total inability of the Executive to perform
the  duties of the Executive under this Agreement for a period of 60 consecutive
days  as  certified  by  a  physician  chosen  by  Ableauctions  and  reasonably
acceptable  to  the  Executive,  or  (ii)  the Executive becomes entitled to (A)
disability  retirement  benefits  under  the Canada Pension Plan (Canada) or the
Social  Security  Act  (USA),  or  (B)  recover  benefits  under  any  long term
disability  plan  or  policy  maintained  by  Ableauctions.
<PAGE>
"Proprietary  Information"  means  information  related  to  Ableauctions  or an
Affiliate  of Ableauctions (i) that derives economic value, actual or potential,
from  not being generally known to or readily ascertainable by other persons who
can  obtain  economic  value  from  its  disclosure or use; and (ii) that is the
subject  of  efforts that are reasonable under the circumstances to maintain its
secrecy;  and  all  tangible  reproductions  or embodiments of such information.
Assuming  the  criteria  in  (i)  and  (ii)  above  are  satisfied,  Proprietary
Information  includes  technical and non-technical data related to technical and
business  information,  including,  but  not  being  limited  to, trade secrets,
computer  hardware  and  software,  procedures,  manuals, methods, compositions,
machines,  computer  programs,  research  projects,  processes,  formulae, data,
algorithms,  source  codes,  object codes, documentation, flow-charts, drawings,
correspondence,  know-how,  improvements,  inventions,  techniques,  personnel
records,  pricing  information,  sales or marketing plans and strategies, supply
sources,  production  or  merchandising  plans,  and  information concerning the
clients,  customers,  accounts,  employees,  contractors  or  affiliates  of
Ableauctions or any Affiliate of Ableauctions.  Proprietary Information does not
include  any  information  to  the  extent that it (i) is or becomes part of the
public  domain through no act or omission attributable to the Executive, (ii) is
released after prior written authorization of Ableauctions, or (iii) is required
to  be  disclosed by applicable law, regulation or court order; provided that if
disclosure  is  so  required,  the  Executive will, if permitted by law, provide
Ableauctions  with  prompt  notice  of such requirement so that Ableauctions may
seek  an  appropriate  protective  order.

"Proprietary  Technology" means Proprietary Information relating specifically to
the  hardware, software, services, products and other technology of Ableauctions
that  may  be  developed,  owned or licensed by Ableauctions or any Affiliate of
Ableauctions  or otherwise relating to the Business of Ableauctions or any other
core line of business in which Ableauctions or any Affiliate of Ableauctions may
become  engaged.

"Third  Party Information" means Proprietary Information that has been disclosed
to  Ableauctions  or  an  Affiliate  of  Ableauctions  by a third party and that
Ableauctions  or  such  Affiliate  of  Ableauctions  is  obligated  to  treat as
confidential.

"Works"  means  copyrightable works of authorship including, without limitation,
any technical descriptions for products, user guides, illustrations, advertising
materials,  computer programs (including the contents of read only memories) and
any  contribution  to  such  materials  and  "Work"  means  any  of  them.

                                    ARTICLE 2
                            DUTIES OF THE EXECUTIVE

2.1     ENGAGEMENT
        ----------
Ableauctions  hereby  offers  to  employ the Executive, and the Executive hereby
accepts  such  employment  with  Ableauctions,  on  and subject to the terms and
conditions  of  this  Agreement.

2.2     DUTIES  AND  RESPONSIBILITIES  OF  THE  EXECUTIVE
        -------------------------------------------------
The  Executive  will  be  employed as the President of Ableauctions, will do and
perform  all  services  and  acts necessary or advisable to fulfil the duties of
that  position.  During  the  term  of  this  Agreement, the Executive agrees to
devote such of his time, energy and skill to the Business of Ableauctions and to
the  promotion  of  Ableauctions's  interests  as may be necessary to fulfil his
duties.  The  Executive  agrees  that  the  Executive  has  a duty of loyalty to
Ableauctions  and will not engage in, or otherwise be interested in, directly or
indirectly,  any  other business or activity that would materially and adversely
affect  the  Business  of Ableauctions or the Executive's ability to perform the
Executive's  duties  under  this  Agreement.  Except  as may be disclosed to and
specifically  approved  by the Board of Directors of Ableauctions, the Executive
will  not  receive  or  accept  for his own benefit, directly or indirectly, any
commission,  rebate, discount, gratuity, fee or profit from any person having or
proposing  to  have  one  or more business transactions with Ableauctions or any
Affiliate  of  Ableauctions.

2.3     WORKING  FACILITIES
        -------------------
Ableauctions, at its expense, will furnish the Executive with such office space,
office  equipment,  secretarial  help  and  such other facilities, equipment and
services  as are needed or would be reasonably beneficial for the performance by

<PAGE>
the  Executive  of  the duties contemplated under this Agreement.  The Executive
will  provide  services to Ableauctions in the greater Vancouver area of British
Columbia,  and  shall  not  be  required  to  involuntarily  relocate.

                                    ARTICLE 3
                                  COMPENSATION

3.1     CASH  COMPENSATION
        ------------------
For  all  services  to  be  rendered  by  the  Executive  under  this Agreement,
Ableauctions  will  pay  to  the Executive the following amounts, which payments
will  be subject to withholdings for federal, provincial, state and local taxes,
CPP, UIC, social security and other deductions required by law from time to time
in  effect:

(a)     Base Salary:  Ableauctions will pay the Executive an annual gross salary
        -----------
          equal  to  $156,000 US, payable on a semi-monthly basis, consisting of
          one payment of $6,500 on the last business day preceding the sixteenth
          day  of each month, and $6,500 on the last business day of each month.
          Such  salary  will  be reviewed by Ableauctions annually. The Board of
          Directors  of Ableauctions shall have the right to increase the salary
          of  the  Executive at any time and any such increase shall not operate
          as a cancellation of this Agreement but merely as an amendment of this
          clause  and  all of the other terms, provisions and conditions of this
          Agreement  shall  continue  in  force  and  effect.

(b)     Automobile Allowance:  Ableauctions will pay the Executive not more than
        --------------------
          $500  per  month,  payable  at  the  beginning  of  each  month, as an
          allowance applicable by the Executive to the operation and maintenance
          of  an automobile to be used by the Executive from time to time at the
          request  and  direction  and  for  the  benefit  of  Ableauctions.

3.2     STOCK  OPTIONS
        --------------
Upon  execution  of  this Agreement, Ableauctions will grant to the Executive an
option  to  purchase up to 1,000,000 common shares of Ableauctions, at the times
and  on  the  terms  and  conditions  described  in the form of the Stock Option
Agreement  attached  hereto  as  Schedule  A.

3.3     BUSINESS  EXPENSES
        ------------------
The  Executive  will  be  reimbursed  by  Ableauctions  for  all  reasonable and
necessary  expenses incurred by the Executive in connection with the performance
of  the Executive's duties of employment under this Agreement in accordance with
the  policies  of  Ableauctions.  The Executive will, as a condition of any such
reimbursement,  submit verification of the nature and amount of such expenses in
accordance  with  the  reimbursement  policies  from  time  to  time  adopted by
Ableauctions.

3.4     FRINGE  BENEFITS
        ----------------
The  Executive  will have the same rights as all other executive level employees
of  Ableauctions  to  participate  in  all  pension  and other retirement plans,
medical  insurance,  life insurance and other fringe benefit programs as are now
or  may  hereafter be established by Ableauctions for executive level employees.

3.5     VACATION
        --------
The  Executive  will  receive  five  weeks  paid  vacation  per  year,  taken in
accordance  with  Ableauctions'  vacation  policy  in  effect from time to time.

<PAGE>
                                    ARTICLE 4
                              TERM AND TERMINATION

4.1     TERM
        ----
The  term  of  the  Executive's employment under this Agreement commences on the
date  of  this  Agreement  and continues until terminated as provided in Section
4.2.

4.2     TERMINATION
        -----------
The  Executive's employment under this Agreement may be terminated only upon the
occurrence  of  any  of  the  following  events:

(a)  the  death  or  Permanent  Disability  of  the  Executive;

(b)  Ableauctions'  election to terminate the Executive for cause, as defined by
     applicable  caselaw;

(c)  the  mutual  agreement  by  the Executive and Ableauctions to terminate the
     Executive's  employment  under  this  Agreement;

(d)  the Executive's election to terminate the Executive's employment under this
     Agreement,  provided that the Executive gives Ableauctions at least 90 days
     prior  written  notice  of  the  Executive's  intent  to  terminate;  or

(e)  Ableauctions'  election  to terminate the Executive's employment under this
     Agreement  without  cause,  provided  that Ableauctions gives the Executive
     prior  written  notice,  equal to the greater of one year or two months per
     year  of  completed  service,  of  Ableauctions's intent to terminate, or a
     corresponding  payment  of  compensation  in  lieu  of  notice.

A  decision by Ableauctions to terminate the Executive's employment under clause
(b)  or  clause  (e)  may only be taken by Ableauctions with the approval of the
Board  of  Directors  of  Ableauctions.

4.3     EFFECT  OF  TERMINATION
        -----------------------
Upon  the  termination  of  the  Executive's  employment  under  this Agreement,
Ableauctions  will  have  no further obligation to the Executive or any personal
representative  of  the  Executive  with  respect  to  this  Agreement  or  the
Executive's  employment by Ableauctions, except for the payment of compensation,
if  any,  accrued  pursuant  to  Article 3 up to the date of termination of this
Agreement  and  unpaid  at  the  date of such termination and the payment of any
severance  payments  that  may  be  due  under  Section 4.2(c) or 4.2(e) of this
Agreement.

4.4     RETURN  OF  PROPERTY
        --------------------
On  termination  of  this Agreement for any reason or cause, the Executive shall
return  to Ableauctions all property used by the Executive in the performance of
the  Executive's  duties and all other property belonging to Ableauctions in the
Executive's  possession  or  control.

4.5     SURVIVAL
        --------
The  obligations  of  the  Executive pursuant to Articles 5, 6 and 7 survive any
expiration  or  termination  of  this  Agreement.
<PAGE>
                                    ARTICLE 5
                                  RESTRICTIONS

5.1     RESTRICTIONS
        ------------
The  Executive  agrees to comply with all of the restrictions set forth below at
all  times  during the term of this Agreement and for a period of one year after
the  expiration  or  termination  of  this  Agreement:

(a)  The  Executive  will  not  (except  with  the  prior  written  consent  of
     Ableauctions,  which  consent  may  be  withheld  in  Ableauctions'  sole
     discretion)  either  individually  or in partnership or in conjunction with
     any  person  or  persons,  firm,  association,  syndicate,  company  or
     corporation,  as principal, agent, director, officer, employee, investor or
     in  any  other  manner  whatsoever,  directly  or  indirectly, carry on, be
     engaged  in,  be interested in, or be concerned with, or permit his name to
     be  used  or  employed  by  any  such person or persons, firm, association,
     syndicate,  company  or corporation, carrying on, engaged in, interested in
     or  concerned  with,  a  business  which  competes  with  the  Business  of
     Ableauctions  within  Canada  or  the  United  States  of  America.

(b)  The  Executive  will  not  (except  with  the  prior  written  consent  of
     Ableauctions,  which  consent  may  be  withheld  in  Ableauctions'  sole
     discretion) either directly or indirectly, on the Executive's own behalf or
     on  behalf of others, solicit, divert or appropriate or attempt to solicit,
     divert  or  appropriate  to  any  Competitive  Business,  any  business  of
     Ableauctions or any Affiliate of Ableauctions from any customer or actively
     sought  prospective  customer  of  Ableauctions  or  any  Affiliate  of
     Ableauctions  with  whom  Ableauctions or any Affiliate of Ableauctions has
     current  agreements  relating to the Business of Ableauctions, or with whom
     the  Executive  has  dealt,  or  with  whom  the  Executive  has supervised
     negotiations  or  business  relations,  or  about  whom  the  Executive has
     acquired  Proprietary  Information  in  the  course  of  the  Executive's
     employment.

Ableauctions  and  the  Executive  agree  that  these  covenants  are  fair  and
reasonably  required  to  protect  the interests of Ableauctions.  The Executive
acknowledges  that, since the Business of Ableauctions is relatively unique, the
Executive's  livelihood  has not been and will not be dependent on employment in
the  Business of Ableauctions, and that these covenants do not materially affect
the  Executive's  ability  to  obtain  other  employment.

5.2     ACKNOWLEDGEMENT  BY  THE  EXECUTIVE
        -----------------------------------
The  Executive represents and warrants to Ableauctions that the Executive is not
subject  to any agreement with any other entity that would prevent the Executive
from competing with or in any way participating in a business that competes with
that  other  entity's  business or from soliciting any personnel or customers of
that  other  entity  on  behalf  of  another  business.

                                    ARTICLE 6
                            PROPRIETARY INFORMATION

6.1     NON-DISCLOSURE
        --------------
The  Executive  agrees  that,  during  the term of the Executive's employment by
Ableauctions  and for the applicable time periods specified below, the Executive
will  receive  all  Proprietary Information in strictest confidence and will not
disclose  or make available, directly or indirectly, any Proprietary Information
to  any  person,  concern  or  entity,  except  in the proper performance of the
Executive's  duties  and responsibilities under this Agreement or with the prior
written  consent  of  Ableauctions.  The  Executive  will abide by Ableauctions'
policies  and  regulations, as established from time to time, for the protection
of  its  Proprietary  Information for the time period specified in this Section.
The  Executive  agrees  that  the  nondisclosure  prohibitions described in this
Section survive the expiration or termination of this Agreement (i) with respect
to  Proprietary  Information  other  than Proprietary Technology for a period of
five  years;  (ii) with respect to Third Party Information for the later of five
years  or so long as Ableauctions or an Affiliate of Ableauctions is required to
maintain  confidentiality  of  such  information;  and  (iii)  with  respect  to
Proprietary Technology for the later of five years or so long as the Proprietary
Technology  retains  its  status  as  such  and  remains  confidential.
<PAGE>
6.2     OWNERSHIP  OF  PROPRIETARY  INFORMATION
        ---------------------------------------
The  Executive acknowledges and agrees that all Proprietary Information, and all
physical embodiments of Proprietary Information, are confidential to and will be
and  remain  the  sole  and exclusive property of Ableauctions.  Upon request by
Ableauctions,  and  in  any event upon termination of the Executive's employment
with  Ableauctions  for  any  reason,  the  Executive  will  promptly deliver to
Ableauctions  all  property  belonging  to  Ableauctions  including,  without
limitation,  all  Proprietary  Information  (and  all embodiments of Proprietary
Information)  then  in  the  custody,  control  or  possession of the Executive.

6.3     WORKS  FOR  HIRE
        ----------------
The  Executive  agrees  that any Works created by the Executive in the course of
the  Executive's  duties  as  an employee of Ableauctions are subject to Section
13(3)  of  the  Copyright  Act (Canada) and to the "work for hire" provisions of
sections  101 and 201 of the United States Copyright Law, Title 17 of the United
States Code.  All right, title and interest to copyrights in all Works that have
been  or  will  be prepared by the Executive within the scope of the Executive's
employment  with  Ableauctions  will  be  the  property  of  Ableauctions.  The
Executive  acknowledges  and  agrees  that,  to the extent the provisions of the
Copyright Act (Canada) or the copyright laws of the United States do not vest in
Ableauctions  the  copyrights  to  any  Works,  the Executive hereby irrevocably
assigns  to  Ableauctions  all right, title and interest to copyrights which the
Executive  may  have  in any Works.  The Executive will disclose to Ableauctions
all  Works,  will  execute  and  deliver  all  applications,  registrations  and
documents relating to the copyrights in the Works and will provide assistance to
secure Ableauctions' title to the copyrights in the Works.  Ableauctions will be
responsible for all expenses incurred in connection with the registration of all
copyrights.  The Executive hereby waives any moral rights that the Executive may
have  under  the  Copyright  Act (Canada) or similar legislation anywhere in the
world  or  otherwise  with  respect  to  the  Works.

6.4     ACKNOWLEDGEMENTS  BY  THE  EXECUTIVE
        ------------------------------------
The Executive represents to Ableauctions that the Executive has not executed any
agreement  with any other party that purports to require the Executive to assign
any Work or any Invention created, conceived or first practiced by the Executive
during  a  period of time that includes the date of the Executive's commencement
of  employment  with  Ableauctions.

                                    ARTICLE 7
                               DISPUTE RESOLUTION

7.1     RESOLUTION  OF  DISPUTES  ON  DETERMINATION  OF  CAUSE  AND  BREACH  OF
        -----------------------------------------------------------------------
RESTRICTIVE  COVENANTS
----------------------
The  parties  agree  that  any  controversy  or dispute regarding whether or not
"cause"  exists  for  termination  of  the  Executive's  employment  under  this
Agreement  or any determination that the restrictive covenants and nondisclosure
covenants of Articles 5 and 6 have been breached (each, a "Dispute") that is not
resolved  by  the  parties  within  ten  days  shall  be referred to and finally
resolved  by  arbitration  under the Rules of the British Columbia International
Commercial  Arbitration Centre.  The appointing authorities shall be the British
Columbia  International  Commercial  Arbitration  Centre.  The  case  shall  be
administered by the British Columbia International Commercial Arbitration Centre
in accordance with its "Procedures for Cases Under the BCICAC Rules".  The place
of  arbitration  shall  be  Vancouver,  British  Columbia,  Canada.
<PAGE>
                                    ARTICLE 8
                                    GENERAL

8.1     GOVERNING  LAW  AND  ATTORNMENT
        -------------------------------
This  Agreement will be governed by and construed in accordance with the laws of
British  Columbia and the federal laws of Canada applicable in British Columbia.
Subject  to  section  7.1 the parties irrevocably submit to and accept generally
and  unconditionally  the  exclusive  jurisdiction  of  the courts and appellate
courts  of British Columbia with respect to any legal action or proceeding which
may  be  brought at any time relating in any way to this Agreement.  Each of the
parties irrevocably waives any objection it may now or in the future have to the
venue  of  any  such  action  or  proceeding, and any claim it may now or in the
future  have  that  any  such  action  or  proceeding  has  been  brought  in an
inconvenient  forum.

8.2     REMEDIES  NOT  EXCLUSIVE
        ------------------------
The remedies provided to the parties under this Agreement are cumulative and not
exclusive  to each other, and any such remedy will not be deemed or construed to
affect  any right which any of the parties is entitled to seek at law, in equity
or  by  statute.

8.3     NOTICES
        -------
Any  notice,  direction, request or other communication required or contemplated
by any provision of this Agreement will be given in writing and will be given by
delivery  to  the  appropriate party at the address first set out for that party
above.  Any  such  notice,  direction,  request  or  other communication will be
deemed  to  have been given or made on the date on which it was delivered or, in
the  case  of  delivery  by  fax,  on  the  next  business  day after receipt of
transmission.  Any  party  may change its fax number or address for service from
time  to  time  by  written notice to the other in accordance with this Section.

8.4     ENTIRE  AGREEMENT
        -----------------
This Agreement and any documents and agreements to be delivered pursuant to this
Agreement  supersede  all  previous  invitations,  proposals,  letters,
correspondence,  negotiations,  promises,  agreements,  covenants,  conditions,
representations  and  warranties  with  respect  to  the  subject matter of this
Agreement.  There  is  no representation, warranty, collateral term or condition
or  collateral  agreement  affecting  this Agreement, other than as expressed in
writing  in  this  Agreement.  No  trade  terms  or  trade  usages  are  to  be
incorporated  by  reference  implicitly or otherwise into this Agreement, unless
expressly  referred  to  in  this  Agreement.

8.5     AMENDMENTS
        ----------
No  change  or  modification  of  this  Agreement  will be valid unless it is in
writing  and  signed  by  each  party  to  this  Agreement.

8.6     INVALIDITY  OF  PARTICULAR  PROVISION
        -------------------------------------
If any provision of this Agreement or any part of any provision (in this section
called  the "Offending Provision") is declared or becomes unenforceable, invalid
or  illegal for any reason whatsoever including, without limiting the generality
of  the  foregoing,  a  decision by any competent courts, legislation, statutes,
bylaws  or  regulations  or any other requirements having the force of law, then
the  Offending  Provision shall be severed from this Agreement and the remainder
of  this Agreement will remain in full force and effect as if this Agreement had
been  executed  without  the  Offending  Provision.

8.7     CURRENCY
        --------
Unless  otherwise specified all sums of money expressed in this Agreement are in
the  lawful  money  of  Canada.

<PAGE>
8.8     NUMBER  AND  GENDER
        -------------------
Unless the context of this Agreement otherwise requires, to the extent necessary
so  that  each  clause  will  be  given  the most reasonable interpretation, the
singular  number  will  include  the  plural  and  vice  versa, the verb will be
construed  as  agreeing  with  the  word  so  substituted,  words  importing the
masculine  gender  will include the feminine and neuter genders, words importing
persons  will  include  firms  and  corporations  and  words importing firms and
corporations  will  include  individuals.

8.9     HEADINGS  AND  CAPTIONS
        -----------------------
The headings and captions of sections and paragraphs contained in this Agreement
are  all inserted for convenience of reference only and are not to be considered
when  interpreting  this  Agreement.

8.10     ASSIGNMENT
         ----------
This  Agreement  is  not assignable by the Executive in whole or in part without
the  prior  written  consent  of  Ableauctions.  Any attempt by the Executive to
assign  any of the rights or to delegate any of the duties or obligations of the
Executive  under  this  Agreement  without  such  prior written consent is void.

8.11     COUNTERPARTS
         ------------
This  Agreement  may  be  executed  in  any number of counterparts with the same
effect  as  if  all  parties  had  signed  the  same  document.  All  of  these
counterparts  will  for  all  purposes  constitute one agreement, binding on the
parties,  notwithstanding  that  all  parties  are  not  signatories to the same
counterpart.  A  fax transcribed copy or photocopy of this Agreement executed by
a  party  in  counterpart  or  otherwise  will  constitute  a properly executed,
delivered  and  binding  agreement  or  counterpart  of  the  executing  party.

8.12     WAIVER
         ------
No  failure  or  delay on the part of any party in exercising any power or right
under this Agreement will operate as a waiver of such power or right.  No single
or partial exercise of any right or power under this Agreement will preclude any
further  or other exercise of such right or power.  No modification or waiver of
any  provision  of  this  Agreement and no consent to any departure by any party
from  any  provision  of  this  Agreement will be effective until the same is in
writing.  Any  such  waiver  or  consent  will be effective only in the specific
instance  and  for the specific purpose for which it was given.  No notice to or
demand on any party in any circumstances will entitle such party to any other or
further  notice  or  demand  in  similar  or  other  circumstances.

8.13     FURTHER  ASSURANCES
         -------------------
Each  of  the parties will promptly execute and deliver to the other at the cost
of the other such further documents and assurances and take such further actions
as  the  other  may from time to time request in order to more effectively carry
out  the  intent  and purpose of this Agreement and to establish and protect the
rights,  interests  and  remedies intended to be created in favour of the other.

8.14     ACKNOWLEDGEMENT  OF  RECEIPT
         ----------------------------
Each  of  the parties acknowledges receiving an executed copy of this Agreement.

<PAGE>
8.15     ENUREMENT
         ---------
Subject  to  the  restrictions  on  transfer  contained  in this Agreement, this
Agreement  will  enure to the benefit of and be binding on the parties and their
respective  heirs,  executors,  administrators,  successors  and  assigns.


IN  WITNESS WHEREOF the parties have executed this Agreement on the dates stated
below.


ABLEAUCTIONS.COM,  INC.
Per:
____________________________________________        __________________________
Name:  _____________________________________          ABDUL  LADHA
Title:  ____________________________________
____________________________________________        __________________________
Date  of  Execution                                  Date  of  Execution


<PAGE>
                            EMPLOYEE OPTION AGREEMENT
                            -------------------------
THIS  AGREEMENT  Dated  For  Reference  the __ Day  of ___ , ___  .

BETWEEN:


          ABLEAUCTIONS.COM,  INC.,  of 1963 Lougheed Highway, Coquitlam, British
          Columbia,  V3K  3T8

          ("Ableauctions")

AND:

          ABDUL  LADHA, of 8824 Yarrow Place, Burnaby, British Columbia, V3N 4W2

         (the  "Executive")

WHEREAS:

Ableauctions  would  like to grant to the Executive an option to purchase common
shares  of  Ableauctions  on  the  terms  and  conditions hereinafter set forth.

IN  CONSIDERATION  of  the  premises  and of the covenants and agreements herein
contained  the  parties  hereto  covenant  and  agree  as  follows:

1.     From  and  including  the Agreement Date through to and including the day
which  is  specified  in Section 7 (the "Termination Date"), the Executive shall
have  and  be  entitled  to  and  Ableauctions hereby grants to the Executive an
option  (the "Option") to purchase all or any portion of 1,000,000 common shares
without  par  value  in  the  capital  stock of Ableauctions (the "Shares") from
treasury  on  the  following  terms:

(a)     except  as  provided  in clause (b) and paragraph 3, the Option shall be
exercisable  by  the  Executive  at  a  price  per  share  equal  to __;  and

(b)     if:

(i)  there is a merger or amalgamation of Ableauctions with another corporation;

(ii) there  is  any  transaction  whereby  all  of  Ableauctions's  issued  and
     outstanding  shares  are acquired by or become subject to a takeover bid by
     another  corporation;  or

(iii)  there  is  a  sale  or  conveyance  by Ableauctions or one or more of its
     shareholders, or both, to a party that is dealing with Ableauctions or such
     shareholder  at arms-length as defined in the Income Tax Act of Canada in a
     single  transaction  or  series  of  related  transactions,  of  shares  of
     Ableauctions's  capital stock representing a majority of the votes that may
     then  be  cast  by  all  of  the  shareholders  of  Ableauctions,

then the entire Option will become exercisable by the Executive immediately
prior  to  (and  conditional  upon the completion of) such merger, amalgamation,
transaction,  sale or conveyance and the exercise price for the Option will be a
price  per  share  equal  to  the  cash  price for common shares of Ableauctions
offered  on  such  merger, amalgamation or other transaction if a cash price per
<PAGE>
share  is  so  offered  or the fair market value of the consideration offered on
such  merger,  amalgamation  or  other transaction as determined by the board of
directors  of  Ableauctions.

2.     Subject  to  paragraph  3 hereof, the right to take up shares pursuant to
this  Option  shall  vest  with  the  Executive  as  follows:

(a)  the  right  to  take up 1/8 of the Shares shall vest on the last day of the
     third  month  after  the  date  of  this  Agreement,  and

(b)  the  right to take up 1/24 of the Shares shall vest on the last day of each
     month  thereafter  until  all  of  the  Shares  are  so  vested.

3.     The  Option  shall  immediately  vest such that the entire Option will be
immediately  exercisable  by  the  Executive  if:

(a)  there is a merger or amalgamation of Ableauctions with another corporation;

(b)  there  is  any  transaction  whereby  all  of  Ableauctions's  issued  and
     outstanding  shares  are acquired by or become subject to a takeover bid by
     another  corporation;  or

(c)  there  is  a  sale  or  conveyance  by  Ableauctions  or one or more of its
     shareholders, or both, to a party that is dealing with Ableauctions or such
     shareholder  at arms-length as defined in the Income Tax Act of Canada in a
     single  transaction  or  series  of  related  transactions,  of  shares  of
     Ableauctions's  capital stock representing a majority of the votes that may
     then  be  cast  by  all  of  the  shareholders  of  Ableauctions.

4.     Subject  to  the  terms  of  this  Agreement, the right to take up shares
pursuant  to the Option is exercisable by the Executive giving notice in writing
to  Ableauctions  accompanied  by  a  cheque,  certified  if  so  required  by
Ableauctions,  in  favour  of  Ableauctions  for the full amount of the purchase
price  of  the  shares  then  being purchased.  Provided such written notice and
payment  are  received  by  Ableauctions  prior  to  5:00 p.m. local time on the
Termination  Date at its address first above written, Ableauctions covenants and
agrees  to  issue  and  deliver  to the Executive, forthwith thereafter, a share
certificate  for the number of shares so purchased registered in the Executive's
name.

5.     This  is  an  Option  only  and  does  not  impose upon the Executive any
obligation  to  take  up  and  pay  for  any  of  the  shares  under  Option.

6.     The  Option  shall  not  be  assignable  or transferable by the Executive
otherwise  than  by Will or the law of intestacy and the Option may be exercised
during  the  lifetime  of  the  Executive  only  by  the  Executive  himself.

7.     This  Option  shall  terminate  on  the  earlier  of:
(a)     five  years  from  the  date  of  this  Agreement;  or

(b)     30  days  after  the  Executive ceases to be an employee of Ableauctions
save  and except where the Executive ceases to be an employee of Ableauctions as
a  result  of:

(i)  termination  for  cause;  or

(ii) by order of any securities regulatory body having jurisdiction to so order,

in  which case the Option shall terminate on the date the Executive ceases to be
an  employee  of  Ableauctions.
<PAGE>
8.     If  the Executive should die while still an employee of Ableauctions, the
Option  may  then  be  exercised  by  the  Executive's  legal  heirs or personal
representatives  to  the  same  extent  as  if  the  Executive were alive and an
employee  of  Ableauctions  for a period of one year after the Executive's death
but  only  for such shares as the Executive was entitled to purchase pursuant to
the  Option  at  the  date  of  the  Executive's  death.

9.     This  Agreement  shall  be  subject  to  the  approval  of the securities
regulatory  authorities  having jurisdiction (the "Regulatory Authorities") and,
if  required by applicable laws, by the members of Ableauctions.  All amendments
hereto  will  also be subject to the approval of the Regulatory Authorities and,
if  required by applicable laws, the members of Ableauctions.  The Executive and
Ableauctions  agree  to  amend  this  Agreement  in  order  to  comply  with the
requirements  of  the Regulatory Authorities having jurisdiction to approve this
Agreement  and,  if  the terms of the amendments can not be agreed to, to submit
the  proposed  amendments  to  arbitration  under the Commercial Arbitration Act
(British  Columbia).

10.     In  the  event  of any subdivision, consolidation or other change in the
share  capital  of  Ableauctions while any portion of the Option is outstanding,
then  the  number of shares under option to the Executive and the exercise price
thereof  shall  be correspondingly adjusted in accordance with such subdivision,
consolidation  or  other  change  in  the  share  capital  of  Ableauctions.

11.     If  Ableauctions  undertakes  an amalgamation, merger, reorganization or
other  arrangement  while  any  portion  of  the Option is outstanding, then the
number  of  shares  under option to the Executive and the exercise price thereof
shall  be correspondingly adjusted in accordance with such amalgamation, merger,
reorganization  or  other  arrangement.

12.     Ableauctions  hereby covenants and agrees to and with the Executive that
it  will  reserve  in  its treasury sufficient shares to permit the issuance and
allotment  of  shares  to the Executive in the event the Executive exercises the
Option.

13.     Ableauctions  hereby  represents  that  as  of  the  Agreement  Date the
Executive  is  a  bona  fide  employee  of  Ableauctions.


IN  WITNESS  WHEREOF  the  parties  have  hereunto  caused  these presents to be
executed  effective  as  of  the  day  and  year  first  above  written.

ABLEAUCTIONS.COM,  INC.
Per:
___________________        ________________
DAVID  VOGT                 ABDUL  LADHA

___________________        ________________
MICHAEL  BOYLING

___________________        ________________
BARRETT  SLEEMAN

___________________        ________________
Date  of  Execution        Date of Execution