Exhibit 10.5


    

    


    EMPLOYMENT AGREEMENT
AMENDMENT

     

    AGREEMENT dated as of the June
9, 2008, by and among Pharma-Bio Serv, Inc. (PBSV) with its principal office at
373 Mendez Vigo, Suite 110, Dorado, Puerto Rico 00646 (the “Company”), and
Elizabeth Plaza, residing at 363 Dorado Beach East, Dorado, Puerto Rico
00646-2096 (“Executive”) (both hereinafter “the Parties”).

     

    WITNESSETH:

     

    WHEREAS, the Company has
engaged Executive as its president and chief executive officer and desires to
continue to obtain the benefits of Executive’s knowledge, skill and ability in
connection with managing the operations of the Company and to continue to employ
Executive on the terms and conditions agreed upon in Employment Agreement dated
2nd
day of January, 2008.

     

    WHEREAS, PBSV desires to
extend Executive to serve at its President, Chief Executive Officer and Chairman
of the Board through December 31, 2009.

     

    NOW THEREFORE in exchange for
the mutual promises and undertakings herein, the Parties agree as
follows:

     

    1.           The
Agreement dated January 2, 2008 hereby is extended to and including January 1,
2010, on the same terms, conditions as contained therein.

     

    IN
WITNESS WHEREOF, the parties have executed this Agreement as of the date first
above written.

     

    
      
        
          
            
              
                
                  
                    
                      
                        
                          
                            
                              
                                
                                  
                                    
                                      
                                        
                                          
                                            
                                              
                                                	 
      	
                                                        PHARMA-BIO
      SERVE, INC.

                                                      
	 	 
	 	 
	 
      	
                                                        By: 

                                                      	
                                                        /s/ Kirk Michel

                                                      
	 
      	
                                                        Name:

                                                      	
                                                        Kirk
      Michel

                                                      
	 
      	
                                                        Title:

                                                      	
                                                        Chairman
      of Compensation Committee

                                                      
	 	 
	 	 
	 
      	
                                                        EXECUTIVE:

                                                      
	 	 
	 	 
	 
      	
                                                        /s/ Elizabeth Plaza

                                                      
	 
      	
                                                        Elizabeth
      Plaza

                                                      
	 
      	
                                                        President,
      CEO and
Chairwoman