Employment Agreement

         AGREEMENT  dated June 20,  1999 (the  Effective  Date") by and  between
Geotec Thermal Generators Inc., a Florida  corporation,  (hereinafter called the
"Company"or "Employer") and Albert O. Banahene, a Colorado resident (hereinafter
call the "Employee").

         WHEREAS,  Employer  desires  to  employ  Employee  upon the  terms  and
conditions  hereinafter set forth and Employee desires to accept employment upon
such terms and conditions; and

         WHEREAS, Employer and Employee desire to set forth in writing the terms
and  conditions  of their  agreements  and  understandings  with  respect to the
Employee"s employment by Employer.

         NOW,  THEREFORE,  Employer hereby employs  Employee and Employee hereby
accepts employment under the following terms and conditions:

         1.     EMPLOYMENT

         Employer  hereby   employees   Employee  and  Employee  hereby  accepts
employment by Employer, upon all the terms and conditions hereinafter set forth.

         2.     TERM

         Subject to the provisions for earlier  termination set forth in Section
9 hereof, this Agreement shall commence on the Effective Date, July 20, 1999, or
upon obtainment of an H1 visa, whichever occurs first, and shall end three years
later unless extended by both parties.  Notwithstanding  any of the foregoing to
the contrary, if this Employment Agreement is terminated prior to the expiration
of the Employment  Term,  which shall be subject to a unanimous vote for removal
for cause by the Company"s  Board of Directors.  A year shall mean, with respect
to the year during which termination  occurs, the period commencing on the first
day of  such  year  and  ending  as of  the  close  of  business  of the  day of
termination of Employee"s employment,  and Employment Term shall mean the period
commencing on the  Effective  Date and ending as of the close of business of the
day of termination of Employee"s employment.

         3.     EMPLOYEE"S REPRESENTATIONS AND WARRANTIES

         Employee  represents  and  warrants, to  the  best of his knowledge, to
Employer  that he is free to accept  employment  with  Employer as  contemplated
herein and has no other written or oral  obligations  or commitments of any kind
or nature which would in any way interfere with his acceptance of his employment
pursuant  to  the  terms  hereof  or the  full  performance  of his  obligations
hereunder  or the  exercise  of his best  efforts in his  employment  hereunder.
Employee  represents  and  warrants  that he is not in  breach  of any  existing
confidentiality or covenant not to compete agreements,  if any, the Employee may
have executed with other third parties prior to the Effective Date.

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<PAGE>

         4.     DUTIES AND EXTENT OF SERVICES

         Employee shall be employed as the Employer"s Chief Petroleum  Engineer,
as such, shall, subject to the direction of the President, supervise the conduct
of all  subordinates  and daily  operations  and affairs  within the  Employer"s
position,  consistent  with the  position of the Chief  Petroleum  Engineer  and
perform  such  other  duties  and  responsibilities  as may be  assigned  to the
Employee from time to time  consistent with such title by the Board of Directors
or the President of the Employer.

         Employee agrees to devote sufficient time, skill, attention and  energy
diligently and competently to perform the duties and  responsibilities  assigned
to him hereunder or pursuant  hereto.  Employee shall use his best efforts to be
loyal and faithful at all times and  constantly  endeavor to improve his ability
and his knowledge of the business of Employer in an effort to increase the value
of his services for the mutual benefit of Employee and Employer.

         5.     COMPENSATION

         Employee shall receive an annualized  salary of $60,000 during the term
of this  Agreement.  Increases  shall be subject to the approval of the Board of
Directors.

         6.     FRINGE BENEFITS AND EXPENSES

         A. Employee  shall be eligible  (subject to the terms and conditions of
the   particular   plans  and   programs)  to   participate   in  such  medical,
hospitalization,  group health, accident, disability and life insurance programs
and plans, such pension,  profit sharing,  stock option,  incentive compensation
and stock purchase plans and such other  employee  benefit  programs to the same
extent such plans and programs are made generally available from time to time by
Employer to all of its other  similarly-situated  employees;  provide,  however,
Employer  shall be  under no  obligation  to make  any  such  plans or  programs
available  to its  employees  or continue  any which  currently or in the future
exist.  Employee  shall also be  entitled  to  receive  stock  options  equal to
$300,000 of common stock.  Said option shall be for 600 shares at a strike price
of $500.00 per share.  Said options shall be registered,  as soon as the Company
is publicly  traded  with any and all other  shares  that are  registered.  Said
options shall be vested over three years, 200 shares per year,  beginning in the
second  year of full time  employment.  Said  options  will be  subject  only to
removal for cause,  once vested.  If the  Employee's  Visa is not renewed,  this
removal shall be deemed as removal without cause. Disability will also be deemed
as removal without cause relative to the options mentioned above.

         B. For the term of this  Agreement,  Employer  shall not be provided an
automobile,   however,   Employer  will  reimburse  employee  for  related  gas,
maintenance  and insurance  expense,  for  performance  of Employee"s  duties to
Employer as specified herein.


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<PAGE>

         C. Other Expenses Employer shall reimburse  Employee for his reasonable
out-of-pocket  cost and expenses  incurred in connection with the performance of
his duties and responsibilities hereunder.  Reimbursement of such expenses shall
be subject to the submission by Employee of appropriate  invoices,  receipts and
other   supporting   documentation,   consistent   with   Employer"s   customary
reimbursement policies and procedures.

         7.     VACATIONS

         Employee  shall be entitled to normal two weeks vacation taken by other
similar members of management during each twelve-month  period of the Employment
Term.  Employee shall not be entitled to be compensated  for any unused vacation
upon  termination  of the  Agreement.  The periods during which Employee will be
absent from work shall be determined  by Employee  taking into account the needs
of the Employer"s business and shall be subject to the approval of the Executive
Committee of the Company (which shall not be unreasonably withheld).

         8.     FACILITIES

         Employer  shall  provide  and  maintain  (or  cause  to be provided and
maintained) such facilities,  equipment, supplies and personnel as it reasonably
determines   is  adequate  for   Employee"s   performance   of  his  duties  and
responsibilities under this Agreement.

         9.     TERMINATION OF EMPLOYMENT

         A. Termination Events. Notwithstanding any provisions of this Agreement
to the contrary,  Employee"s employment may be terminated by Employer with Cause
(as  hereinafter  defined)  effective  upon the  delivery  of written  notice to
Employee. In addition, Employee"s employment shall terminate (i) upon Employee"s
death or (ii) upon Employee becoming disabled (as hereinafter defined).

         B. Definition  of Disabled.  For purposes of this  Agreement,  Employee
shall be deemed to be "Disabled"  when, by reason of physical or mental  illness
or of  injury,  he is unable to  perform  substantially  all of the  duties  and
responsibilities required of him in connection with his employment hereunder. No
disability  shall be deemed to exist  until  after  Employee  shall be unable to
perform his duties  hereunder for ninety (90)  consecutive days (the "Disability
Period"). If Employee shall have been under a disability but shall have returned
to work prior to the end of the Disability Period, any new disability commencing
within thirty (30) days of the  termination of the prior  disability  shall be a
continuation of the prior  disability,  and the period of all such  disabilities
shall be added  together to determine  whether,  or how much of, the  Disability
Period has elapsed.



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<PAGE>

         C. Definition of Cause. For purposes of this Agreement,  "Cause"  shall
include,  but not be limited to: (a)  conviction  for fraud or criminal  conduct
(other than  conviction of, or a pleas of guilty to, a traffic  violation);  (b)
habitual   drunkenness  or  drug  addiction;   (c)fraud   against   employer  or
embezzlement;  (d) sanctions  against Employee in his capacity as an employee of
Employer by regulatory  agencies  governing Employer or against Employer because
of  wrongful  acts or conduct of  Employee;  (e)  material  breach or default by
Employee  of any of the  terms  or  conditions  of  this  Agreement;  or (f) the
resignation or quitting of Employee prior to the end of the Employment  Term (in
this last event,  Employee"s employment shall be deemed terminated with Cause on
the date that he resigns or quits).

         10.    NON-DISCLOSURE OF CONFIDENTIAL/PROPRIETARY INFORMATION

         A. Confidential Information.  Employee acknowledges  that  Employee has
been  informed  that it is the  policy of  Employer  to  maintain  as secret and
confidential all information relating to (i) the financial condition, businesses
and  interests  of Employer  and its  affiliates,  (ii) the  systems,  know-how,
products, services, costs, inventions,  patents, patent applications,  formulae,
research  and  development  procedures,  notes and  results,  computer  software
programs,   marketing   and   sales   techniques   and/or   programs,   methods,
methodologies,  manuals,  lists and other trade secrets heretofore and hereafter
acquired,  sold  developed  and/or used by Employer and its affiliates and (iii)
the nature and terms of Employer"s and its affiliate"s  relationships with their
respective  customers,   clients,  suppliers,   lenders,  vendors,  consultants,
independent  contractors and employees (all such information  being  hereinafter
collectively  referred to as "Confidential  Information"),  and Employee further
acknowledges  that such  Confidential  Information is of great value to Employer
and  its  affiliates  and,  in  and by  reason  and as a  result  of  Employee"s
employment by Employer,  Employee will be making use of, acquiring and/or adding
to such Confidential  Information.  Therefore,  Employee  understands that it is
reasonably  necessary to protect  Employer"s and its affiliates"  trade secrets,
good will and business interests that Employee agree and, accordingly,  Employee
will not directly or  indirectly  (except  where  authorized by the President of
Employer for the benefit of Employer and/or its affiliate(s)  and/or as required
in the course of his  employment) at any time hereafter  divulge or disclose for
any purpose  whatsoever to any persons,  firms,  corporations  or other entities
other than Employer or its affiliates  (hereinafter  referred to collectively as
"Third  Parties"),  or use or cause or authorize  any Third  Parties to use, any
such Confidential Information, except as otherwise required by law.

         2. Employer"s Materials.  In  accordance  with  the foregoing, Employee
furthermore  agrees that (i) Employee  will at no time retain or remove from the
premises of Employer or its affiliates any research and  development  materials,
drawings,  notebooks,  notes, reports,  formulae,  software programs or discs or
other  containers  of  software,  manuals,  data books,  records,  materials  or
documents of any kind or description for any purpose unconnected with the strict
performance  of  Employee"s  duties with  Employer  and (ii) upon  cessation  or
termination  of Employee"s  employment  with  Employer for any reason,  Employee
shall  forthwith  deliver or cause to be  delivered  up to Employer  any and all
research and development materials,
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<PAGE>

drawings,  notebooks,  notes, reports,  formulae,  software programs or discs or
other containers of software, manuals, data, books, records, materials and other
documents  and materials in Employee"s  possession or under  Employee"s  control
relating to any Confidential Information or any property or information which is
otherwise the property of Employer or its affiliates.

         10.    COVENANT-NOT-TO-COMPETE

         In view of the Confidential Information to be obtained by or  disclosed
to Employee,  because of the  know-how  acquired and to be acquired by Employee,
and as a  material  inducement  to  Employer  to enter into this  Agreement  and
continue to employ  Employee,  Employee  covenants  and agrees that,  so long as
Employee  is  employed  by  Employer  and for a period of five (5)  years  after
Employee  ceases for any reason to be employed by Employer,  Employee shall not,
directly or indirectly (i) divert  business  from,  (ii) solicit or transact any
business  competitive  with Employer or its  affiliates  with, or (iii) sell any
products or  services  sold or offered by  Employer  or its  affiliates  to, any
customer or former customer of Employer or its affiliates. In addition, Employee
covenants and agrees that, so long as Employee is employed by Employer and for a
period of five (5) years after Employee  ceases for any reason to be employed by
Employer,  Employee hereby agrees to refrain from,  anywhere in the world,  (the
"Geographical  Area"),  directly  or  indirectly  owning,  managing,  operating,
controlling or financing, or participating in the ownership, management, control
or financing of, or being connected with or having an interest, in, or otherwise
taking  any  part  as  a  stockholder,   director,   officer,  employee,  agent,
consultant, partner or otherwise, in, any business competitive with that engaged
in or being  developed by Employer or its affiliates  during  Employee"s term of
employment.  Without  limitation  of  the  foregoing,   Employer"s  business  is
acknowledged  to  include  the  development,  manufacture,  use and  sale of gas
generators to produce thermo-chemical treatment of wells (oil, gas, water wells)
and  related  technology.  Employee  acknowledges  that  Employer"s  business is
anticipated  to be  international  in  scope,  that  a  similar  business  could
effectively  compete with  Employer"s  and its  affiliates  businesses  from any
location in the world, and that, therefore,  the restricted Geographical Area is
reasonable in scope to protect  Employer"s and its affiliates" trade secrets and
legitimate business interests.

         11.    MPLOYER"S REMEDIES FOR BREACH OF SECTIONS 10 & 11

         Employee covenants and agrees that if Employee shall violate  or breach
any of  Employee"s  covenants  or  agreements  provided for in Section 10 and 11
hereof,  Employer  and/or its affiliates  shall be entitled to an accounting and
repayment of all profits, compensation,  commissions, remunerations, or benefits
which  Employee  directly or indirectly has realized or realizes as a result of,
growing out of or in connection with any such violation or breach.  In addition,
in the  event of a breach or  violation  or  threatened  or  imminent  breach or
violation of any  provisions  of Sections 10 or 11 hereof,  Employer  and/or its
affiliates shall be entitled to a temporary or permanent injunction or any other
appropriate decree of specific performance or equitable relief,  without posting
of bond, from a court of competent jurisdiction in order to prevent, prohibit or
restrain any such breach or violation or threatened or imminent breach or

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<PAGE>

violation  by  Employee,  by  Employee"s  partners,   agents,   representatives,
servants,  employers or employees and/or by any third parties. Employer shall be
entitled to such injunctive or other equitable relief in addition to any damages
which are  suffered,  and the  prevailing  party shall be entitled to reasonable
attorney"s and paralegals" fees and costs and other costs incurred in connection
with any such  litigation,  both before and at trial and at all tribunal levels.
Resort by Employer  and/or its affiliates to such  injunctive or other equitable
relief  shall not be deemed to waive or to limit in any respect any other rights
or remedies  which  Employer  or its  affiliates  may have with  respect to such
breach or violation.  Finally, if any breach of this clause occurs, the Employee
shall forfeit any and all options that have been earned but not exercised.
                                                                 _______initials

         12.    REASONABLENESS OF RESTRICTIONS

         A. Reasonableness.  Employee acknowledges that any breach or  violation
of  Sections  10 or 11 hereof  will  cause  irreparable  injury  and  damage and
incalculable  harm to  Employer  and its  affiliates  and  that it would be very
difficult or impossible to measure the damages resulting from any such breach or
violation.  Employee further  acknowledges  that Employee has carefully read and
considered the provisions of Sections 10, 11 and 12 hereof and,  having done so,
agrees that the restrictions and remedies set forth in such Sections  (including
but not  limited to, the time  period,  geographical  and types of  restrictions
imposed) are fair and reasonable and are reasonably  required for the protection
of the  business,  trade  secrets,  interests  and good will of Employer and its
affiliates.

         B. Severability.  Employee understands and intends that each  provision
and restriction agreed to by Employee in Sections 10, 11, and 12 hereof shall be
construed as separate and divisible from every other  provision and  restriction
and that, in the event that any one of the  provisions of, or  restrictions  in,
Sections 10, 11 and/or 12 hereof  shall be held to be invalid or  unenforceable,
the remaining  provisions  thereof and restrictions  therein shall  nevertheless
continue  to be valid and  enforceable  as though the  invalid or  unenforceable
provisions or restrictions had not been included therein, and any one or more of
such valid  provisions and  restrictions  may be enforced in whole or in part as
the circumstances warrant. In the event that any such provision relating to time
period and/or  geographical  and/or type of  restriction  shall be declared by a
court of  competent  jurisdiction  to exceed  the  maximum or  permissible  time
period, geographical area or type of restriction such court deems reasonable and
enforceable,  said time period and/or  geographical  and/or type of  restriction
shall be deemed to become and shall thereafter be the maximum time period and/or
geographical  restriction  and/or  type of  restriction  which such court  deems
reasonable and enforceable.

         C. Survivability.  The  restrictions,  acknowledgments,  covenants  and
agreements  of  Employee  set  forth in  Sections  10,  11,  12,  and 13 of this
Agreement  shall  survive any  termination  of this  Agreement or of  Employee"s
employment (for any reason, including expiration of the Employment Term).


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<PAGE>

         14.    EMPLOYEE"S DISCLOSURES AND REPRESENTATIONS AND WARRANTIES

                   Employee  hereby acknowledges, represents and warrants to the
best of his knowledge and belief, and agrees with, , Employer as follows:

                   (a) That Employee and his representatives and agents (i) have
received and read and are familiar  with this  Agreement,  and (ii) are familiar
with the business and  operations  conducted and to be conducted by Employer and
the risks attendant thereto.

                   (b) That  Employee and/or his representatives and agents have
had an  opportunity  to ask questions of and receive  satisfactory  answers from
Employer  and/or a person or  persons  authorized  to act on  Employer"s  behalf
concerning  the terms and conditions of this  Agreement,  this  transaction  and
Employer and its currently contemplated business and operations.

                   (c) That  Employee  has  been  represented  by such legal and
other professional  advisors (if any), each of whom has been personally selected
by  Employee,  as  Employee  has  found  necessary  to  consult  concerning  the
transactions contemplated in or by this Agreement.

                   (d) That  Employee  has  full  right,  power and authority to
perform all obligations under this Agreement.

Employee  hereby  agrees  to  indemnify  and  hold  harmless  Employer  and  its
shareholders, directors, officers, employees and agents from and against any and
all loss, damage,  liability,  cost or expense (including  reasonable attorneys"
and paralegals" fees and costs before and at trial and at all appellate  levels)
due to or arising out of any  inaccuracy  in, or breach of, any  representation,
warranty or covenant of Employee contained in this Section 14.

         15.    INDEPENDENT COUNSEL

         Employer  and  Employee  agree  that  each  of  them have been, or were
advised  fully  understand  that  they  are  entitled  to  be,   represented  by
independent legal counsel with respect to all matters  contemplated herein, from
the commencement of negotiations at all times through the execution hereof.

         16.    LAW APPLICABLE

         This Agreement shall be governed by and construed  pursuant to the laws
of the State of Florida,  without giving effect to conflicts of laws principles.
Any action brought will be pursued in Broward County, Florida.


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<PAGE>

         17.    NOTICES

         Any  notices  required  or  permitted  to  be  given  pursuant  to this
Agreement  shall be sufficient,  if in writing,  and if personally  delivered or
sent  by  certified  or  registered  mail,  return  receipt  requested,  to  his
residence, in the case of Employee, or to its then principle office, in the case
of Employer.

         18.    SUCCESSION

         This  Agreement  shall  inure to the benefit of and be binding upon the
parties hereto and their  respective  legal  representatives,  heirs,  assignees
and/or successors in interest of any kind whatsoever;  provided,  however,  that
Employee  acknowledges  and agrees that he cannot  assign or delegate any of his
rights, duties, responsibilities or obligations hereunder to any other person or
entity.

         19.    ENTIRE AGREEMENT

                  This Agreement  constitutes the entire final agreement between
the parties with respect to, and supercedes any and all prior agreements between
the parties hereto both oral and written  concerning,  the subject matter hereof
and may not be amended, modified or terminated except by a writing signed by the
parties hereto.

         20.    SEVERABILITY

                  If any provision of this Agreement shall be held to be invalid
or unenforceable, and is not reformed by a court of competent jurisdiction, such
invalidity or unenforceability shall attach only to such provision and shall not
in any way affect or render invalid or unenforceable any other provision of this
Agreement,  and  this  Agreement  shall be  carried  out as if such  invalid  or
unenforceable provision were not contained herein.

         21.    NO WAIVER

                  A waiver of any breach or violation of any term,  provision or
covenant contained herein shall not be deemed a continuing waiver or a waiver of
any future or past breach or violation. No oral waiver shall be binding.

         22.    ATTORNEYS" FEES"

         In the event that  either of the parties to this  Agreement  institutes
suit  against  the other  party to this  Agreement  to enforce any of his or its
rights  hereunder,  the  prevailing  party in such  action  shall be entitled to
recover from the other party all reasonable costs thereof,  including reasonable
attorneys" and paralegals" fees and cost incurred before and at trial and at all
tribunal levels.

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<PAGE>



IN WITNESS WHEREOF, the undersigned have hereunto set their hands on the day and
year first above written.


Geotec Thermal Generators, Inc.                      By:________________________
                                                        W. Richard Lueck, CEO

Individually----------------------------------By:____________________________
                                                 Albert O. Banahene


































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