Document:

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                                                                  EXHIBIT 4(sss)

                              JANUS INVESTMENT FUND

                          INVESTMENT ADVISORY AGREEMENT

                               JANUS RESEARCH FUND

         THIS INVESTMENT ADVISORY AGREEMENT (the "Agreement") is made this 2nd
day of December, 2004, between JANUS INVESTMENT FUND, a Massachusetts business
trust (the "Trust"), and JANUS CAPITAL MANAGEMENT LLC, a Delaware limited
liability company ("JCM").

                              W I T N E S S E T H:

         WHEREAS, the Trust is registered as an open-end management investment
company under the Investment Company Act of 1940, as amended (the "1940 Act"),
and has registered its shares for public offering under the Securities Act of
1933, as amended (the "1933 Act"); and

         WHEREAS, the Trust is authorized to create separate funds, each with
its own separate investment portfolio of which the beneficial interests are
represented by a separate series of shares; one of such funds created by the
Trust being designated as the Janus Research Fund (the "Fund"); and

         WHEREAS, the Trust and JCM deem it mutually advantageous that JCM
should assist the Trustees and officers of the Trust in the management of the
securities portfolio of the Fund.

         NOW, THEREFORE, the parties agree as follows:

         1. Appointment. The Trust hereby appoints JCM as investment adviser and
manager with respect to the Fund for the period and on the terms set forth in
this Agreement. JCM hereby accepts such appointment and agrees to render the
services herein set forth, for the compensation herein provided.

         2. Investment Advisory Services. JCM shall furnish continuous advice
and recommendations to the Fund as to the acquisition, holding, or disposition
of any or all of the securities or other assets which the Fund may own or
contemplate acquiring from time to time. JCM shall give due consideration to the
investment policies and restrictions and the other statements concerning the
Fund in the Trust Instrument, bylaws, and registration statements under the 1940
Act and the 1933 Act, and to the provisions of the Internal Revenue Code, as
amended from time to time, applicable to the Fund as a regulated investment
company. In addition, JCM shall cause its officers to attend meetings and
furnish oral or written reports, as the Trust may reasonably require, in order
to keep the Trustees and appropriate officers of the Trust fully informed as to
the condition of the investment portfolio of the Fund, the investment
recommendations of JCM, and the investment considerations which have given rise
to those recommendations. JCM shall supervise the purchase and sale of
securities as directed by the appropriate officers of the Trust.

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         3. Other Services. JCM is hereby authorized (to the extent the Trust
has not otherwise contracted) but not obligated (to the extent it so notifies
the Trustees at least 60 days in advance), to perform (or arrange for the
performance by affiliates of) the management and administrative services
necessary for the operation of the Fund. JCM is specifically authorized, on
behalf of the Trust, to conduct relations with custodians, depositories,
transfer and pricing agents, accountants, attorneys, underwriters, brokers and
dealers, corporate fiduciaries, insurance company separate accounts, insurers,
banks and such other persons in any such other capacity deemed by JCM to be
necessary or desirable. JCM shall generally monitor and report to the Fund's
officers the Fund's compliance with investment policies and restrictions as set
forth in the currently effective prospectus and statement of additional
information relating to the shares of the Fund under the 1933 Act. JCM shall
make reports to the Trustees of its performance of services hereunder upon
request therefor and furnish advice and recommendations with respect to such
other aspects of the business and affairs of the Fund as it shall determine to
be desirable. JCM is also authorized, subject to review by the Trustees, to
furnish such other services as JCM shall from time to time determine to be
necessary or useful to perform the services contemplated by this Agreement.

         4. Obligations of Trust. The Trust shall have the following obligations
under this Agreement:

                  (a)      to keep JCM continuously and fully informed as to the
                           composition of its investment portfolio and the
                           nature of all of its assets and liabilities from time
                           to time;

                  (b)      to furnish JCM with a certified copy of any financial
                           statement or report prepared for it by certified or
                           independent public accountants and with copies of any
                           financial statements or reports made to its
                           shareholders or to any governmental body or
                           securities exchange;

                  (c)      to furnish JCM with any further materials or
                           information which JCM may reasonably request to
                           enable it to perform its function under this
                           Agreement; and

                  (d)      to compensate JCM for its services and reimburse JCM
                           for its expenses incurred hereunder in accordance
                           with the provisions hereof.

         5. Compensation. The Trust shall pay to JCM for its investment advisory
services a fee, calculated and payable for each day that this Agreement is in
effect, of 1/365 of 0.64% of the daily closing net asset value of the Fund
(1/366 of 0.64% of the daily closing net asset value of the Fund in a leap
year). The fee shall be paid monthly.

         6. Expenses Borne by JCM. In addition to the expenses which JCM may
incur in the performance of its investment advisory functions under this
Agreement, and the expenses which it may expressly undertake to incur and pay
under other agreements with the Trust or

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otherwise, JCM shall incur and pay the following expenses relating to the Fund's
operations without reimbursement from the Fund:

                  (a)      Reasonable compensation, fees and related expenses of
                           the Trust's officers and its Trustees, except for
                           such Trustees who are not "interested persons," as
                           defined in the 1940 Act, of JCM; and

                  (b)      Rental of offices of the Trust.

         7. Expenses Borne by the Trust. The Trust assumes and shall pay all
expenses incidental to its organization, operations and business not
specifically assumed or agreed to be paid by JCM pursuant to Sections 3 and 6
hereof, including, but not limited to, investment adviser fees; any
compensation, fees, or reimbursements which the Trust pays to its Trustees who
are not "interested persons," as defined in the 1940 Act, of JCM; compensation
of the Fund's custodian, transfer agent, registrar and dividend disbursing
agent; legal, accounting, audit and printing expenses; administrative, clerical,
recordkeeping and bookkeeping expenses; brokerage commissions and all other
expenses in connection with execution of portfolio transactions (including any
appropriate commissions paid to JCM or its affiliates for effecting exchange
listed, over-the-counter or other securities transactions); interest; all
federal, state and local taxes (including stamp, excise, income and franchise
taxes); costs of stock certificates and expenses of delivering such certificates
to purchasers thereof; expenses of local representation in Massachusetts;
expenses of shareholders' meetings and of preparing, printing and distributing
proxy statements, notices, and reports to shareholders; expenses of preparing
and filing reports and tax returns with federal and state regulatory
authorities; all expenses incurred in complying with all federal and state laws
and the laws of any foreign country applicable to the issue, offer, or sale of
shares of the Fund, including, but not limited to, all costs involved in the
registration or qualification of shares of the Fund for sale in any
jurisdiction, the costs of portfolio pricing services and compliance systems,
and all costs involved in preparing, printing and mailing prospectuses and
statements of additional information to Fund shareholders; and all fees, dues
and other expenses incurred by the Trust in connection with the membership of
the Trust in any trade association or other investment company organization.

         8. Treatment of Investment Advice. The Trust shall treat the investment
advice and recommendations of JCM as being advisory only, and shall retain full
control over its own investment policies. However, the Trustees may delegate to
the appropriate officers of the Trust, or to a committee of the Trustees, the
power to authorize purchases, sales or other actions affecting the portfolio of
the Fund in the interim between meetings of the Trustees.

         9. Termination. This Agreement may be terminated at any time, without
penalty, by the Trustees of the Trust, or by the shareholders of the Fund acting
by vote of at least a majority of its outstanding voting securities, provided in
either case that sixty (60) days advance written notice of termination be given
to JCM at its principal place of business. This Agreement may be terminated by
JCM at any time, without penalty, by giving sixty (60) days advance written
notice of termination to the Trust, addressed to its principal place of
business. The Trust agrees that, consistent with the terms of the Trust
Instrument, the Trust shall cease to use the name "Janus" in connection with the
Fund as soon as reasonably practicable following any termination of this

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Agreement if JCM does not continue to provide investment advice to the Fund
after such termination.

         10. Assignment. This Agreement shall terminate automatically in the
event of any assignment of this Agreement.

         11. Term. This Agreement shall continue in effect until July 1, 2006,
unless sooner terminated in accordance with its terms, and shall continue in
effect from year to year thereafter only so long as such continuance is
specifically approved at least annually by (a) the vote of a majority of the
Trustees of the Trust who are not parties hereto or interested persons of any
such party, cast in person at a meeting called for the purpose of voting on the
approval of the terms of such renewal, and (b) either the Trustees of the Trust
or the affirmative vote of a majority of the outstanding voting securities of
the Fund. The annual approvals provided for herein shall be effective to
continue this Agreement from year to year if given within a period beginning not
more than ninety (90) days prior to July 1 of each applicable year,
notwithstanding the fact that more than three hundred sixty-five (365) days may
have elapsed since the date on which such approval was last given.

         12. Amendments. This Agreement may be amended by the parties only if
such amendment is specifically approved (i) by a majority of the Trustees,
including a majority of the Trustees who are not interested persons (as that
phrase is defined in Section 2(a)(19) of the 1940 Act) of any party to this
Agreement and, if required by applicable law, (ii) by the affirmative vote of a
majority of the outstanding voting securities of the Fund (as that phrase is
defined in Section 2(a)(42) of the 1940 Act).

         13. Other Series. The Trustees shall determine the basis for making an
appropriate allocation of the Trust's expenses (other than those directly
attributable to the Fund) between the Fund and the other series of the Trust.

         14. Limitation of Personal Liability. All the parties hereto
acknowledge and agree that all liabilities of the Trust arising, directly or
indirectly, under this Agreement, of any and every nature whatsoever, shall be
satisfied solely out of the assets of the Fund and that no Trustee, officer or
holder of shares of beneficial interest of the Trust shall be personally liable
for any of the foregoing liabilities. The Trust Instrument describes in detail
the respective responsibilities and limitations on liability of the Trustees,
officers and holders of shares of beneficial interest of the Trust.

         15. Limitation of Liability of JCM. JCM shall not be liable for any
error of judgment or mistake of law or for any loss arising out of any
investment or for any act or omission taken with respect to the Trust, except
for willful misfeasance, bad faith or gross negligence in the performance of its
duties, or by reason of reckless disregard of its obligations and duties
hereunder and except to the extent otherwise provided by law. As used in this
Section 15, "JCM" shall include any affiliate of JCM performing services for the
Trust contemplated hereunder and directors, officers and employees of JCM and
such affiliates.

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         16. Activities of JCM. The services of JCM to the Trust hereunder are
not to be deemed to be exclusive, and JCM and its affiliates are free to render
services to other parties. It is understood that trustees, officers and
shareholders of the Trust are or may become interested in JCM as directors,
officers and shareholders of JCM, that directors, officers, employees and
shareholders of JCM are or may become similarly interested in the Trust, and
that JCM may become interested in the Trust as a shareholder or otherwise.

         17. Certain Definitions. The terms "vote of a majority of the
outstanding voting securities," "assignment" and "interested persons" when used
herein, shall have the respective meanings specified in the 1940 Act, as now in
effect or hereafter amended, and the rules and regulations thereunder, subject
to such orders, exemptions and interpretations as may be issued by the
Securities and Exchange Commission under said Act and as may be then in effect.

         18. Governing Law. This Agreement shall be construed in accordance with
the laws of the State of Colorado (without giving effect to the conflicts of
laws principles thereof) and the 1940 Act. To the extent that the applicable
laws of the State of Colorado conflict with the applicable provisions of the
1940 Act, the latter shall control.

         This Agreement shall supercede all prior investment advisory agreements
entered into between JCM and the Trust, on behalf of the Fund.

         IN WITNESS WHEREOF, the parties have caused their duly authorized
officers to execute this Investment Advisory Agreement as of the date and year
first above written.

                              JANUS CAPITAL MANAGEMENT LLC

                              By:/s/ Loren M. Starr
                                 -----------------------------------------------
                                 Loren M. Starr, Chief Financial Officer and
                                 Senior Vice President

                              JANUS INVESTMENT FUND

                              By:/s/ Girard C. Miller
                                 -----------------------------------------------
                                 Girard C. Miller, President and Chief Executive
                                 Officer<PAGE>
                                                                    EXHIBIT 10.9

                               EMPLOYMENT CONTRACT

This Employment Contract ("Contract" or "Agreement") is entered in to this 6th
day of December, 2004 by and between Thomas H. King ("Executive") and U.S.
MEDSYS CORP. ("Company"). Executive and Company are sometimes referred to
collectively herein as the "Parties."

                                   WITNESSETH:

         WHEREAS, the Company desires to enter into the Agreement in order to
employ Executive according to the terms set forth in this Agreement; and

         WHEREAS, Executive desires to accept such employment upon the terms set
forth in the Agreement;

         NOW THEREFORE, in consideration of the promises and mutual covenants
contained herein and for other good and valuable consideration, the adequacy and
receipt of which are hereby acknowledged, the Parties agree as follows:

         1. EMPLOYMENT.

         (a) The Company hereby employs the Executive (the "Employment") as
President and Chief Executive Officer. It is the intention of the Parties that
Executive shall, in the role of President, be primarily responsible for the
general and active management of the business and day-to-day operations of the
Company, and in the role of Chief Executive Officer, be primarily responsible
for developing and implementing the evolving business plan of the company and
oversee and supervise the other officers, except the Chairman, subject to the
oversight of the Company's Board of Directors (the "Company Board"). Executive
hereby accepts the Employment and agrees to: (i) render such executive services;
(ii) perform such executive duties; and (iii) exercise such executive
supervision and powers to, for and with respect to the Company for the period
and upon the terms set forth in this Agreement.

         (b) Executive's primary place of employment will be based at the
Company's principle executive offices, which during the Term shall be at 411
Route 17 South, Hasbrouck Heights, New Jersey.

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         2. TERM. Except as otherwise specifically provided in Section 5 below,
the term of this Agreement (including any renewal periods, the "Term") shall
commence on December 6, 2004 (the "Effective Date"), and shall continue until
December 6, 2007; provided, however, this Agreement shall be automatically
renewed annually thereafter, unless either party provides the other with written
notice at least 60 days prior to the expiry of the then applicable Term that
they with to terminate the agreement at the end of such Term.

         3. COMPENSATION.

         3.1. BASE SALARY. Executive shall be paid a base salary (the "Base
Salary") at an annual rate of one hundred and ninety five thousand dollars
($195,000), payable in equal monthly installments. During the Term, the Base
Salary shall be reviewed at least annually by the Company Board, and may not be
decreased in connection with any such review. Any increase in the Base Salary
effected at such review shall not serve to limit or reduce any other obligation
to Executive under this Agreement. The Base Salary shall not be reduced after
any such increase and the term "Base Salary" shall refer to the Base Salary as
so increased.

         3.2 AUTO ALLOWANCE. Executive shall receive the $1,350.00 per month for
auto expenses. In addition, Executive shall also be reimbursed in full for all
business related fuel, tolls, and parking costs.

     3.3 HEALTH INSURANCE. During the Term, (i) Executive shall be entitled to
participate in all incentive, savings and retirement plans, practices, policies
and programs of the Company and any affiliated companies to the same extent as
senior executives of the Company, if, as and when the Company adopts any such
plans, practices, policies and programs; and (ii) Executive and/or Executive's
family shall be eligible for participation in, and shall receive all benefits
under, all welfare benefit plans, practices, policies and programs provided by
the Company and its affiliated companies (including, without limitation,
medical, prescription, dental, disability, salary continuance, employee life
insurance, group life insurance, accidental death and travel accident insurance
plans and programs) to the same extent as senior executives of the Company, if,
as and when the Company adopts any such plans, practices, policies and programs.
In addition, the Company shall reimburse Executive for all of his costs to
maintain his current health

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insurance benefits until Executive is participating, without exclusions, in
comparable welfare benefit plans, practices, policies and programs provided by
the Company and its affiliated companies.

         3.4 VACATION AND SICK TIME. Executive shall be entitled to four weeks'
paid vacation per year and up to ten paid sick/personal days per year; provided
that Executive shall be paid for any vacation not taken during any given year in
a lump sum cash payment by April 30th of the subsequent year.

         3.5 STOCK OPTION PLAN. Executive shall be entitled to participate in a
Company stock option plan to the same extent as other executives of the Company,
if, as and when the Company adopts any such plan.

         3.6 LIFE AND DISABILITY INSURANCE. Within 30 days, the Company shall
obtain, pay for, and maintain an insurance policy, for the duration of the Term
and any severance period, to provide $1,000,000 in coverage in the event of
death or permanent disability of Executive, payable to Executive's designated
beneficiary, or, in the absence of such designation, the estate or other legal
representative of Executive.

         4. EXPENSES. Executive is expected and is authorized, to incur expenses
in the performance of his duties hereunder, including, without limitation, the
costs of entertainment, travel, and similar business expenses, all in accordance
with Company policies applicable to all similarly situated executives. The
Company shall promptly reimburse Executive for all such expenses upon periodic
presentation by Executive of an accounting of such expenses on terms applicable
to senior executives of the Company, all in accordance with Company policies
applicable to all similarly situated executives.

         5. CONSEQUENCES OF TERMINATION OF EMPLOYMENT.

         5.1. DEATH. In the event of the death of Executive during the Term,
Executive's Employment hereunder shall be terminated as of the date of his death
and Executive's designated beneficiary, or, in the absence of such designation,
the estate or other legal representative of Executive (collectively, the
"Estate"), shall promptly be paid Executive's unpaid Base Salary through the end
of the month in which the death occurs and any unreimbursed expenses, plus a
lump sum equal to one year of Base Salary. The Estate shall be entitled to all
other death benefits in accordance with the terms of the Company's benefit
programs and plans in which Executive is enrolled.

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         5.2. DISABILITY. In the event Executive shall be unable to render the
services or perform his duties hereunder by reason of illness, injury or
incapacity (whether physical, mental, emotional or psychological) (any of the
foregoing shall be referred to herein as a "Disability") for a period of ninety
(90) consecutive business days and a physician selected by the Company or its
insurers, and acceptable to Executive or Executive's legal representative, has
determined that such Disability is likely to continue beyond 180 business days,
the Company shall have the right to terminate this Agreement by giving Executive
written notice which shall be effective on the 30th day after receipt of such
notice by Executive (the "Disability Effective Date"), unless Executive returns
to full-time performance of Executive's duties before the Disability Effective
Date. If Executive's Employment hereunder is so terminated, Executive shall be
paid, in addition to payments under any disability insurance policy in effect,
Executive's unpaid Base Salary, through the end of the month in which the
termination occurs and any unreimbursed expenses. Thereafter, the Company shall
have no further obligation to Executive. It is the intent of the parties that in
the event of the Executive's Disability that Executive be eligible for payments
under the Company's disability insurance policies in effect, including
applicable long-term disability insurance policies. The Company does not
currently have any disability insurance policies but intends to enter into such
policies subsequent to the date hereof. If the provisions of this Section 5.2
would prohibit Executive from receiving benefits under any such policies, the
provisions of this section 5.2 shall be deemed to be amended to the extent
required for Executive to be eligible for and receive all benefits under any
such policies, including, without limitation, to modify the definition of
Disability, and the Parties agree to enter into such further agreements as
necessary to give effect to the provisions of this Section 5.2.

         5.3. TERMINATION OF EMPLOYMENT OF EXECUTIVE BY THE COMPANY FOR CAUSE OR
BY EXECUTIVE FOR GOOD REASON.

         (a) The Company may terminate Executive's Employment for Cause (as
defined below) or without Cause pursuant to the terms of this Agreement. From
and after the date of termination for Cause and other than as provided in this
Section, Executive shall no longer be entitled to any of the benefits of this
Agreement and the Company shall have no further obligations to Executive;
provided, however, any rights and benefits which

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Executive may have in respect of any other compensation or any employee benefit
plans or programs of the Company shall be determined in accordance with the
terms of such other compensation arrangements or plans or programs. The term
"Cause," as used herein, shall mean any of the following: (i) the continued
failure of Executive to substantially perform Executive's duties under this
Agreement (other than as a result of physical or mental illness or injury),
after the Company Board delivers to Executive a written demand for substantial
performance that specifically identifies the manner in which the Company Board
believes that Executive has not substantially performed Executive's duties; or
illegal conduct or gross misconduct by Executive, in either case that results in
material and demonstrable damage to the business or reputation of the Company.
No act or failure to act on the part of Executive shall constitute cause, if it
is done, or omitted to be done, by Executive in good faith or with the
reasonable belief that Executive's action or omission was in the best interests
of the Company or, if applicable, in accordance with the instructions of the
Company Board. Any act or failure to act that is based upon authority given
pursuant to a resolution duly adopted by the Company Board, or on the advice of
counsel for the Company, shall be conclusively presumed to be done, or omitted
to be done, by Executive in good faith and in the best interests of the Company.
A termination of Executive's employment for Cause may only be effected in
accordance with the following procedures. The Company shall give Executive
written notice ("Notice of Termination for Cause") of its intention to terminate
Executive's employment for Cause, setting forth in reasonable detail the
specific conduct of Executive that it considers to constitute Cause and the
specific provision(s) of this Agreement on which it relies, and stating the
date, time and place of a special meeting of the Company Board (the "Special
Board Meeting"), that takes place not less than five and not more than fifteen
business days after Executive receives the Notice of Termination for Cause.
Executive shall be given an opportunity, together with counsel, to be heard at
the Special Board Meeting. Executive's termination for Cause shall be effective
when and if a resolution is duly adopted at the Special Board Meeting by
affirmative vote of the entire membership of the Company Board, stating that in
the good faith opinion of the Company Board, Executive is guilty of the conduct
described in the Notice of Termination for Cause, and that conduct constitutes
Cause under this Agreement.

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         (b) Executive may terminate employment for Good Reason or without Good
Reason. "Good Reason" means (i) the assignment to Executive of any duties
inconsistent in any respect with paragraph (a) of Section 1 of this Agreement,
or any other action by the Company that results in a diminution in Executive's
position, authority, duties or responsibilities, other than an isolated,
insubstantial and inadvertent action that is not taken in bad faith and is
remedied by the Company promptly after receipt of notice thereof from Executive;
(b) any failure by the Company to comply with any provision of Section 3 of this
Agreement, other than an isolated, insubstantial and inadvertent failure that is
not taken in bad faith and is remedied by the Company promptly after receipt of
notice thereof from Executive; (c) any requirement by the Company that
Executive's services be rendered primarily at a location or locations other than
that provided for in paragraph (b) of Section 1 of this Agreement; (d) the
occurrence of any event which constitutes a Change of Control; (d) any purported
termination of Executive's employment by the Company for a reason or in a manner
not expressly permitted by this Agreement. A termination of Executive's
employment by Executive without Good Reason shall be effected by giving the
Company written notice of the termination.

         (c) If, during the Term, the Company terminates Executive's employment,
other than for Cause or Disability, or Executive terminates his employment for
Good Reason, the Company shall pay the amounts described in subparagraph (i)
below to Executive in a lump sum in cash, within 30 days after the date of
termination and shall continue the benefits described in subparagraph (ii). The
payments provided pursuant to this paragraph (c) of Section 5.3 are intended as
liquidated damages for a termination of Executive's employment by the Company
other than for Cause or Disability or for the actions of the Company leading to
a termination of Executive's employment by Executive for Good Reason.

                  (i) The amount of severance pay to be paid in a lump sum shall
be the greater of:

                           A.       In the event that Executive is terminated
                                    during the initial Term of this Agreement,
                                    an amount equal to the aggregate Base Salary
                                    for the entire initial Term less any amounts

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                                    paid during the current term through the
                                    date of termination; or

                           B.       The annual Base Salary in effect on the date
                                    of termination.

                  (ii) The benefits to be continued as described above are
benefits to Executive and/or Executive's family at least as favorable as those
that would have been provided to them under Section 3.5 of this Agreement if
Executive's employment had continued until the greater of the end of the Term in
effect or first anniversary of the date of termination; provided, however, that
during any period when Executive is eligible to receive such benefits under
another employer-provided plan, the benefits provided by the Company under this
subparagraph may be made secondary to those provided under such other plan.

         6. NOTICES. All notices and other communications hereunder shall be in
writing and shall be deemed to have been given if delivered personally or sent
by facsimile transmission, overnight courier, or certified, registered or
express mail, postage prepaid. Any such notice shall be deemed given when so
delivered personally or sent by facsimile transmission (provided that a
confirmation copy is sent by overnight courier), one day after deposit with an
overnight courier, or if mailed, five (5) days after the date of deposit in the
United States mails, as follows:

     If to the Company, to:
         U.S. MEDSYS CORP.
         411 Route 17 South
         Hasbrouck Heights, New Jersey  07604

     If to Executive, to:
         Thomas H. King
         1914 East Country Club Court
         Cherry Hill, NJ 80003

         7. ENTIRE AGREEMENT. This Agreement contains the entire agreement
between the Parties. The Parties specifically acknowledge that there exist no
verbal or implied

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agreements between them and that the terms of this Agreement constitute the sole
agreement between them.

         8. BINDING EFFECT. Except as otherwise provided herein, this Agreement
shall be binding upon and inure to the benefit of the Company and Executive and
their successors and assigns. "Successors and assigns" shall mean, in the case
of the Company, any successor pursuant to a Change of Control or otherwise. For
purposes of this agreement, a Change of Control shall mean any (1) merger,
consolidation, sale or other transfer of all or substantially all of the assets
or equity of the Company, (2) acquisition by any individual, entity or group
(other than such persons who are the beneficial owners of the outstanding
securities of the Company as of the date of this Agreement) of beneficial
ownership of 50% or more of the combined voting power of the then outstanding
voting securities of the Company entitled to vote generally in the election of
directors, (3) the approval by the stockholders of the Company of a complete
liquidation or dissolution of the Company, or (4) there is consummated any
similar event or transaction with respect to the Company.

         9. NO ASSIGNMENT. This Agreement shall not be assignable or otherwise
transferable by either party.

         10. NON-EXCLUSIVITY OF RIGHTS. Nothing in this Agreement shall prevent
or limit Executive's continuing or future participation in any plan, program,
policy or practice provided by the Company or any of its affiliated companies
for which Executive may qualify, nor, shall anything in this Agreement limit or
otherwise affect such rights as Executive may have under any contract or
agreement with the Company or any of its affiliated companies. Vested benefits
and other amounts that Executive is otherwise entitled to receive under any
plan, policy, practice or program of, or any contract or agreement with, the
Company or any of its affiliated companies on or after the date of termination
shall be payable in accordance with such plan, policy, practice, program,
contract or agreement, as the case may be, except as explicitly modified by this
Agreement.

         11. FULL SETTLEMENT. The Company's obligation to make the payments
provided for in, and otherwise to perform its obligations under, this Agreement
shall not be affected by any set-off, counterclaim, recoupment, defense or other
claim, right or action that the

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Company may have against Executive or others. In no event shall Executive be
obligated to seek other employment or take any other action by way of mitigation
of the amounts payable to Executive under any of the provisions of this
Agreement and, such amounts shall not be reduced, regardless of whether
Executive obtains other employment.

         12. AMENDMENT, MODIFICATION, WAIVER. No provision of this Agreement may
be amended or waived unless such amendment or waiver is agreed to in writing,
signed by Executive and an authorized officer of the Company. Except as
otherwise specifically provided in this Agreement, no waiver by either party
hereto of any breach by the other party hereto of any condition or provision of
this Agreement to be performed by such other party shall be deemed a waiver of a
similar or dissimilar provision or condition at the same or at any prior or
subsequent time and neither Executive's nor the Company's failure to insist upon
strict compliance with any provision of, or to assert any right under, this
Agreement (including, without limitation, the right of Executive to terminate
employment for Good Reason) shall be deemed to be a waiver of such provision or
right or of any other provision of or right under this Agreement.

         13. DISPUTE RESOLUTION AND BINDING ARBITRATION. Any disputes that arise
between the Parties regarding this Agreement, the Parties' respective rights or
obligations hereunder, and any other dispute between the Parties whatsoever
shall be resolved exclusively through binding arbitration before a three member
panel of the American Arbitration Association in accord with the rules of the
American Arbitration Association. The arbitration shall take place in Essex
County, New Jersey. In the event that (i) Executive makes any claim against the
Company under this Agreement, (ii) the Company disputes such claim, and (iii)
Executive prevails with respect to such disputed claim, then the Company shall
reimburse Executive for his reasonable costs and expenses (including, without
limitation, reasonable attorney's fees) incurred by Executive in pursuing such
disputed claim; otherwise each of the Parties shall be responsible for all of
their costs and expenses incurred relating to the arbitration of any dispute. In
the event the arbitrator determines that the Company acted with malice in
terminating Executive, the Company shall be liable to Executive for treble
damages. The Parties understand that this provision is a waiver of each party's
right to a trial by jury and the Parties knowingly agree to

                                       9
<PAGE>

waive such right. Judgment may be entered on the arbitrator's award in any court
having jurisdiction.

         14. GOVERNING LAW. The validity, interpretation, construction,
performance and enforcement of this Agreement shall be governed by the laws of
the State of New Jersey, without regard to its conflicts of law rules.

         15. TITLES. Titles to the Sections in this Agreement are intended
solely for convenience and no provision of this Agreement is to be construed by
reference to the title of any Section.

         16. COUNTERPARTS. This Agreement may be executed in one or more
counterparts, which together shall constitute one agreement. It shall not be
necessary for each party to sign each counterpart so long as each party has
signed at least one counterpart.

         17. SEVERABILITY. Any term or provision of this Agreement which is
determined invalid or unenforceable, shall be ineffective to the extent of such
invalidity or unenforceability without rendering invalid or unenforceable the
remaining terms and provisions of this Agreement or affecting the validity or
enforceability of any of the terms and provisions of this Agreement.

         IN WITNESS WHEREOF, the parties hereto have executed this Agreement as
of the day and year first set forth above.

/s/ Thomas H. King
-------------------------------------
Executive
By: Thomas H. King

/s/ George Anagnost
-------------------------------------
U.S. MEDSYS CORP.
By: George Anagnost, Vice President

                                       10

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