Exhibit 10.3


                              EMPLOYMENT AGREEMENT

         NOVINT TECHNOLOGIES, INC., a Delaware corporation (the "Company") and
THOMAS G ANDERSON (the "Employee") agree:

         1. EMPLOYMENT. The Company hereby employs Employee, and Employee
agrees to serve, as President and CEO of the Company and any subsidiaries or
affiliates of Company (together, the "Subsidiaries"). Employee's duties include
growing and running the Company. The Employee agrees to devote his full business
time and attention and best efforts to the affairs of the Company and the
Subsidiaries during the period of Employee's employment with Company. Employee
will execute and deliver to Company the Proprietary Information and Inventions
Agreement required of all Company employees.

         2. START DATE. The employment of the Employee by the Company under the
terms and conditions of this Agreement will commence as of March, 2004.

         3. COMPENSATION. The Employee will receive the following compensation:

                  3.1 ANNUAL SALARY. The Company shall pay to the Employee an
         annual salary of $150,000 initially (the "Base Salary") payable in
         installments in accordance with Company policy; such Base Salary may be
         increased by the Board at its sole discretion

                  3.2 CASH BONUS. The Company may pay to Employee a cash bonus
         (the "Cash Bonus"). Any such bonus will be paid at the sole discretion
         of the Company.

                  3.3 REIMBURSEMENT OF EXPENSES. The Employee shall be entitled
         to receive prompt reimbursement of all reasonable expenses incurred by
         the Employee in performing services hereunder, including all expenses
         of travel, entertainment and living expenses while away from Employee's
         primary residence on business at the request of, or in the service of,
         the Company or any Subsidiary, provided that such expenses are incurred
         and accounted for in accordance with the policies and procedures and
         approved operating budget established by the Company.

                  3.4 BENEFITS. The Employee shall be entitled to participate in
         and be covered by all health, insurance, pension, cash performance or
         profit sharing bonus plans, and other Employee plans and benefits
         established by the Company for its employees generally, subject to
         meeting applicable eligibility requirements.

                  3.5 PERSONAL LEAVE AND HOLIDAYS. The Employee shall be
         entitled to an annual personal leave of twenty (20) days at full pay.
         Employee may take a reasonable amount of sick leave, which does not
         count as personal leave, subject to company's policies on sick leave.
         The Employee shall also be entitled to ten paid holidays a year. Such
         holidays will be established by the Company for all employees.


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         4. CONFIDENTIALITY AND NON-COMPETITION. The Employee agrees to the
following confidentiality and non-competition restrictions:

                  4.1 CONFIDENTIALITY. The Employee will not during his
         employment by the Company or thereafter at any time disclose, directly
         or indirectly, to any person or entity or use, or permit the use of,
         any trade secrets or confidential information relating to the Company
         or any Subsidiary (the "Confidential Information") except as required
         by law. "Confidential Information" shall include, but shall not be
         limited to, (i) products or services, (ii) business or strategic plans,
         (iii) designs, (iv) analyses, (v) drawings, photographs and reports,
         (vi) computer hardware and software, including operating systems,
         applications, program listings, and installation plans and techniques,
         (vii) flow charts, manuals and documentations, (viii) data bases, (ix)
         tax or financial data, (x) trade secrets, know-how, inventions,
         devices, new developments, methods and processes, whether patentable or
         unpatentable and whether or not reduced to practice, (xi) customers and
         clients and customers or client lists or other marketing or sales
         programs or plans, (xii) other copyrightable works, (xiii) all
         technology and trade secrets, (xiv) the terms of any agreement for the
         development or commercialization of any invention or technology related
         thereto, (xv) the terms of any license, marketing, sales or
         distribution agreement of Company, (xvi) all information denominated as
         "Confidential" and made available only on a restricted basis and (xvii)
         all similar and related information.; provided however, that
         "Confidential Information" shall not include information which comes
         into the public domain through no fault of the Employee or which the
         Employee obtains after the termination of employment with the Company
         or otherwise from a third party who, to the knowledge of the Employee,
         has the right to disclose such information.

                  4.2 RETURN OF COMPANY MATERIAL. The Employee shall promptly
         deliver to the Company on termination of the Employee's employment with
         the Company, for whatever the reason, or at any time the Company may so
         request, all Company or Subsidiary memoranda, notes, records, reports,
         manuals, drawings, computer software, and all documents containing
         Confidential Information belonging to the Company, including all copies
         of such materials which the Employee may then possess or have under the
         Employee's control irrespective of the format of such materials. Upon
         termination, Employee shall become the owner of all property that
         Employee is in control of in the Employee's home office, including,
         without limitation, computers, laptops, haptic interfaces, furniture
         and other electronic equipment.

                  4.3 RIGHT TO INJUNCTIVE AND EQUITABLE RELIEF As a result of
         the Employee's position as an Employee of the Company, the Employee's
         obligations not to disclose or use Confidential Information and to
         refrain from the activities described in this Section 4 are of a
         special and unique character which gives them a peculiar value, and
         which is supported by valuable consideration. The Company cannot be
         reasonably or adequately compensated in damages in an action at law in
         the event the Employee breaches such obligations. Therefore, the
         Employee expressly agrees that the Company shall be entitled to
         injunctive and other equitable relief without bond or other security in
         the event of such breach in addition to any other rights or remedies
         which the Company may possess. Furthermore, the obligations of the


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         Employee and the rights and remedies of the Company under this Section
         4 are cumulative and in addition to, and not in lieu of, any
         obligations, rights, or remedies created by applicable law relating to
         misappropriation or theft of trade secrets or confidential information.

                  5. TERMINATION. Company and Employee agree to the following
         termination provisions:

                  5.1 TERMINATION BY THE COMPANY. Company's Board of Directors
         may terminate the Employee's employment hereunder as follows:

                  (a)      Upon the death of the Employee, whereupon this
                           Agreement shall immediately terminate;

                  (b)      Upon a determination of Permanent Disability;
                           "Permanent Disability" shall mean a physical or
                           mental incapacity as a result of which the Employee
                           becomes totally unable to continue the performance of
                           his duties hereunder for a period of 180 consecutive
                           days or an aggregate of 270 days in any 24 month
                           period. A determination of Permanent Disability shall
                           be subject to the certification of a qualified
                           medical doctor agreed to by the Company and the
                           Employee or, in the event of the Employee's
                           incapacity to designate a doctor, the Employee's
                           legal representative. In the absence of agreement
                           between the Company and the Employee, each party
                           shall nominate a qualified medical doctor and the two
                           doctors so nominated shall select a third doctor, who
                           shall make the determination as to the occurrence and
                           continuance of a Permanent Disability; or

                  (c) For cause. "Cause" shall mean only the following:

                           (i)      the willful and, after written notice and a
                                    reasonable opportunity to cure, continued
                                    failure by the Employee to follow the
                                    reasonable directions of the Company
                                    Management not inconsistent with this
                                    Agreement (other than such failure resulting
                                    from the Employee's incapacity due to
                                    physical or mental illness);

                           (ii)     willful and, after written notice and a
                                    reasonable opportunity to cure, continued
                                    misconduct by the Employee that materially
                                    adversely affects the Company;

                           (iii)    conviction of a felony or guilty plea or
                                    plea of nolo contendre to a crime or offense
                                    relating to the performance of the
                                    Employee's duties to the Company;

                           (iv)     willful theft from the Company;

                           (v)      a willful violation of any law, rule or
                                    regulation, or the imposition


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                                    of a final order issued by any regulatory
                                    authority against the Company, which, in any
                                    event, prohibits the Employee from holding
                                    an Employee position with the Company or any
                                    Subsidiary;

                           (vi)     the Employee's habitual drunkenness or
                                    habitual use of illegal substances, after
                                    notice to cease and the opportunity provided
                                    by the Company to enter into and
                                    successfully complete a reputable
                                    rehabilitation program at the expense of the
                                    Company; or

                           (vii)    the Employee fails to substantially perform
                                    any material term or provision of this
                                    Agreement.

                  For purposes of this Agreement, no act, or failure to act, on
         the Employee's part shall be considered "willful" unless done, or
         omitted to be done, by the Employee in bad faith and without a
         reasonable belief that such action or omission by the Employee was in
         the best interests of the Company, and no termination by the Company
         for "Cause" shall be effective unless the Employee shall have been
         given written notice of the breaches of this Section 4.1(c) and a
         period of 30 days within which to cure any such breach. provided that
         such curative period shall be permitted only once in any 12 month
         period.

                  (d) Without Cause for any reason or no reason.

                  5.2 TERMINATION BY EMPLOYEE. The Employee may voluntarily
         terminate his employment hereunder at any time for any reason or no
         reason.


                  5.3 SEVERANCE PAYMENTS; TERMINATION FOR CAUSE. In the event of
         termination for Cause, the Employee shall receive no severance, and
         shall be entitled to receive, in lieu of any other payments or
         benefits, his accrued and unpaid salary at the rate provided in Section
         3.1 (as increased from time to time by the Board of Directors) through
         the date of termination, plus any accrued but unpaid Cash Bonus, and
         plus (i) any amounts earned but unpaid for any benefit plans in which
         Employee is a participant on the date of termination for prior
         completed fiscal or calendar year including any accrued vacation and
         (ii) any unpaid reimbursable expenses incurred prior to the date of
         termination ((i) and (ii) collectively called the "Unpaid Benefits").

                  5.4 SEVERANCE PAYMENTS; TERMINATION AS A RESULT OF DEATH. In
         the event of termination because of the death of Employee, the
         Employee's estate or beneficiaries, as the case may be, shall be
         entitled to receive, in addition to any other payments or benefits
         hereunder, (i) the proceeds from any insurance policies paid for by the
         Company in favor of the Employee's estate or beneficiaries, (ii) any
         Unpaid Benefits, and (iii) all of the Employee's stock. Such amounts
         shall be paid promptly, and amounts (i) and (ii) in a lump sum in cash.

                  5.5      SEVERANCE PAYMENTS; TERMINATION WITHOUT CAUSE.  In
         the event of termination by the Company without Cause, the Employee
         shall be entitled to receive (i) Unpaid Benefits through the date of


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         termination, plus (ii) an amount equal to any accrued but unpaid Cash
         Bonus (each of the amounts in subclauses (i) and (ii) payable in a lump
         sum in cash within 30 days after the date of termination), plus (iii)
         an amount equal to his Base Salary for a one year period.

                  5.6 SEVERANCE PAYMENTS; VOLUNTARY TERMINATION BY EMPLOYEE. If
         the Employee shall voluntarily resign, he shall be entitled only to
         Unpaid Benefits through the effective date of such resignation or
         voluntary termination, and any such amounts shall be promptly paid in a
         lump sum in cash.

                  5.7 SEVERANCE PAYMENTS; TERMINATION DUE TO PERMANENT
         DISABILITY. If the Employee's employment hereunder is terminated as a
         result of Permanent Disability, in lieu of any other payments or
         benefits (other than any such disability benefits he may receive), he
         shall be paid an amount equal to all Unpaid Benefits in a single lump
         sum in cash within thirty (30) days of the date of his termination.

                  5.8      GENERAL RELEASE.  Prior to the Employee's receipt of
         any severance payment under this Section 5, the Employee shall issue a
         general release to the Company in such form as the Company may
         reasonably require, which release shall extinguish all actual or
         potential claims or causes of action he has, may have had, or hereafter
         may have against the Company. The Company shall simultaneously provide
         a release to the Employee in the same form given to the Company by the
         Employee.

                  5.9      OTHER PAYMENTS UPON TERMINATION.  If notice of
         termination of the employment of Employee is given by the Employee or
         the Company, the Employee shall continue to receive his then Base
         Salary and benefits as provided in this Agreement until the date of
         termination.


         6.       GENERAL PROVISIONS.

                  6.1 NOTICE. For purposes of this Agreement, notices and all
         other communications provided for in the Agreement shall be in writing
         and shall be deemed to have been duly given when delivered or mailed by
         United States registered mail, return receipt required, postage
         prepaid, as follows:

                  If to the Company:
                  Novint Technologies, Inc.
                  PO Box 66956
                  Albuquerque, NM 87193

                  If to Employee:
                  Tom Anderson
                  4109 Bryan Ave NW
                  Albuquerque, NM 87114


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         or such other address as either party may have furnished to the other
         in writing in accordance herewith, except that notices of change of
         address shall be effective only upon receipt.

                  6.2      NO WAIVERS.  No provision of this Agreement may be
         modified, waived or discharged unless such waiver, modification or
         discharge is agreed to in writing signed by the Employee and the
         Company. No waiver by either party hereto at any time or any breach by
         the other party hereto of, or compliance with, any condition or
         provision of this Agreement to be performed by such other party shall
         be deemed a waiver or similar or dissimilar provisions or conditions at
         the same or at any prior or subsequent time.

                  6.3      NO MITIGATION; NO OFFSET.  In the event of the
         Employee's termination of employment, he shall be under no obligation
         to seek other employment and there shall be no offset against any
         amounts due the Employee hereunder on account of any remuneration the
         Employee may obtain from any subsequent employment.

                  6.4 LEGAL FEES. The losing party shall promptly pay or
         reimburse the prevailing party for reasonable costs of enforcing this
         Agreement, including, specifically, the fees and expenses of counsel.

                  6.5 ARBITRATION. Any and all disputes or controversies arising
         out of or relating to this Agreement, other than injunctive relief
         pursuant to Section 4.3, shall be resolved by arbitration at the
         American Arbitration Association at its Albuquerque, New Mexico offices
         before a panel of three arbitrators under the then existing rules and
         regulations of the American Arbitration Association. The parties agree
         that in any such arbitration, the arbitrators shall not have the power
         to reform or modify this Agreement in any way and to that extent their
         powers are so limited. The determination of the arbitrators shall be
         final and binding on the parties hereto and judgment on it may be
         entered in any court of competent jurisdiction. Except as required by
         law, neither the Company nor the Employee shall issue any press release
         or make any statement which is reasonably foreseeable to become public
         with respect to any arbitration or dispute between the parties without
         receiving the prior written consent of the other party to the content
         of such press release or statement. The losing party in such
         arbitration will, in addition to any other amounts deemed payable by
         the losing party, reimburse the prevailing party for the prevailing
         party's expenses (including, without limitation, legal fees and
         expenses) incurred in connection with such proceedings. All such
         amounts shall be paid promptly, but in any event within ten (10) days
         after the Employee provides the Company with a statement of such
         amounts to be recovered.

                  6.6      INDEMNIFICATION.   The Company hereby agrees to hold
         the Employee harmless and indemnify the Employee from and against, and
         to reimburse the Employee for, any and all judgments, fines,
         liabilities, amounts paid in settlement and expenses, including
         attorneys' fees, incurred directly or indirectly as a result of or in
         connection with any threatened, pending or completed action, suit or
         proceeding, whether civil, criminal, administrative or investigative,
         whether or not such action, suit or proceeding is by or in the right of


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         the Company to procure a judgment in its favor, including an action,
         suit or proceeding by or in the right of any other corporation of any
         type or kind, domestic or foreign, or any partnership, joint venture,
         trust, employee benefit plan or other enterprise for which the Employee
         served in any capacity at the request of the Company, to which the
         Employee is, was or at any time becomes a party, or is threatened to be
         made a party, or a result of or in connection with any appeal therein,
         by reason of the fact that the Employee is or was at any time a
         director, officer, employee or agent of the Company; provided, however,
         that (i) indemnification shall be paid pursuant to this paragraph if
         and only if the Employee acted in good faith and in a manner reasonably
         believed by the Employee to be in or not opposed to the best interests
         of the Company, and, with respect to any criminal action or proceeding,
         had no reasonable cause to believe the Employee's conduct was unlawful;
         and (ii) no indemnification shall be payable pursuant to this paragraph
         if a court having jurisdiction in the matter shall determine that such
         indemnification is not lawful.

                  6.7      GOVERNING LAW.  This Agreement shall be governed by
         and construed in accordance with the internal laws of the State of New
         Mexico without regard to its Conflicts of Laws provisions.

                  6.8 SEVERABILITY OR PARTIAL INVALIDITY. The invalidity or
         unenforceability of any provisions of this Agreement shall not affect
         the validity or enforceability of any other provision of this
         Agreement, which shall remain in full force and effect.

                  6.9 COUNTERPARTS. This Agreement may be executed in one or
         more counterparts, each of which shall be deemed to be an original but
         all of which together will constitute one and the same instrument.

                  6.10 ENTIRE AGREEMENT. This Agreement constitutes the entire
         agreement of the parties and supersedes all prior written or oral and
         all contemporaneous oral agreements, understanding, and negotiations
         between the parties with respect to the subject matter hereof. This
         Agreement is intended by the parties as the final expression of their
         agreement with respect of such terms as are included in this agreement
         and may not be contradicted by evidence of any prior or contemporaneous
         agreement. The parties further intend that this Agreement constitutes
         the complete and exclusive statements of its terms and that no
         extrinsic evidence may be introduced in any judicial proceeding
         involving this Agreement.

                  6.11 ASSIGNMENT. This Agreement and the rights, duties and
         obligations hereunder may not be assigned or delegated by any party
         without the prior written consent of the other party. Any such
         assignment or delegation without the prior written consent of the other
         party shall be void and be of no effect. Notwithstanding the foregoing
         provisions of this Section 6.11, the Company may assign or delegate its
         rights, duties and obligations hereunder to any person or entity which
         succeeds to all or substantially all of the business of the Company
         through merger, consolidation, reorganization, or other business
         combination or by acquisition of all or substantially all of the assets
         of the Company; provided that such person assumes the Company's
         obligations under this Agreement.


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                  6.12 BENEFICIAL INTERESTS. This Agreement shall inure to the
         benefit of and be enforceable by the Employee's personal and legal
         representatives, executors, administrators, successors, heirs,
         distributees, devisees and legatees. If the Employee should die while
         any amounts are still payable to him hereunder, all such amounts,
         unless otherwise provided herein, shall be paid in accordance with the
         terms of this Agreement to the Employee's devisee, legatee, or other
         designee, or, if there be no such designee, to the Employee's estate.


                             DATED AS OF: March 2004


COMPANY:                                          EMPLOYEE:


NOVINT TECHNOLOGIES, INC.                         ------------------------------
                                                  THOMAS G ANDERSON

By
   --------------------------------

   Its
       ----------------------------



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