Document:

Exhibit
      4.01

    

    ADUROMED
      INDUSTRIES, INC.

    

    STOCK
      OPTION AGREEMENT 

    WITH
      SCOTT GRISANTI

     

    This
      Non-Statutory Option Agreement (the "Agreement") is made and entered into as
      of
      August 4, 2008 by and among ADUROMED INDUSTRIES, INC., a Delaware Corporation
      with a principal of business at 3 Trowbridge Drive, Bethel, Connecticut 06801,
      of the one part (hereinafter referred to as “AII” or the “Corporation”), and
      Scott Grisanti, of
      the
      other part(the
      "Optionee").

    

    RECITALS

    

    WHEREAS,
      by action unanimously taken by the Board of Directors of the Corporation on
      July
      31, 2008, the Board approved the 2008 Non-Statutory Stock Option Plan (“Plan”)
      of the Corporation and authorized the Corporation to provide for the granting
      of
      option rights under the Plan to employees, consultants and non-employee
      directors of the Corporation and the Corporation’s wholly-owned subsidiary,
      Aduromed Corporation (“Aduromed”), to purchase shares of the Corporation’s
      common stock, par value $0.0001 per share (“Common Stock”) in connection with
      the transactions contemplated by that certain Master Restructuring Agreement,
      dated as of July 10, 2008 by and among the Corporation, Aduromed and the other
      signatories listed on the signature pages thereto (the “MRA”); and 

    

    WHEREAS,
      in order to facilitate the purpose of the MRA, the Corporation wishes to grant
      to Optionee the right and option to purchase 16,000,000 shares of Common Stock
      under the Plan; 

    

    NOW,
      THEREFORE,
      the parties hereto hereby agree as follows:

    

    1.
      Grant
      of Option.
      The
      Corporation hereby grants to Optionee and to his permitted designees and
      assignees, the right and option (“Option”) to purchase a total of 16,000,000
      shares of Common Stock (the “Optioned Shares”). It is understood and
      acknowledged that this Option is designated as a non-statutory stock option
      that
      will not qualify as an incentive stock option under Section 422 of the Internal
      Revenue Code (the “Code”).

    

    2.
      Option
      Price.
      The
      price to be paid for the Optioned Shares to be issued upon exercise of this
      Option or any part thereof shall be $0.025 per share (the "Exercise Price").
      

    

    3.
      Rights
      to Exercise. 

    

    The
      rights to exercise this Option shall vest with respect to 5,333,333 shares
      of
      Common Stock immediately, with respect to an additional 5,333,333 shares of
      Common Stock on August 4, 2009, and with respect to the remaining 5,333,334
      shares of Common Stock on August 4, 2010. 

     

    4.
      Securities
      Law Requirements.
      To the
      extent this Option shall have vested as provided in Section 3 above, it may
      be
      exercised in whole or in part at any time, subject to an opinion of legal
      counsel for the Corporation (which shall not be unreasonably withheld by the
      Corporation) that, at the time of such exercise, the issuance of the Optioned
      Shares is in compliance with the provisions of the Securities Act of 1933,
      as
      amended, and the rules and regulations promulgated there under (the "Securities
      Act"). 

    

    5.
      Term
      of the Options.
      The
      Option shall remain exercisable as to Optioned Shares for five (5) years from
      the date of vesting of such Optioned Shares. 

     

    If
      the
      Optionee is terminated as an employee without cause (as defined in any
      employment agreement with the Corporation applicable to Optionee) then all
      of
      Optionee's unvested Options shall immediately vest and become exercisable and
      the term of any such Options shall be extended to the fifth anniversary of
      Optionee's employment termination date.

    

    Should
      the Optionee’s service be terminated for cause (as defined in any employment
      agreement with the Corporation applicable to Optionee), then in any such event
      this Option shall terminate immediately and with respect to all unvested shares
      of Common Stock.

    

    In
      the
      event Optionee is unable to continue as an employee as a result of his total
      and
      permanent disability (as defined in Section 22(e)(3) of the Code), all of
      Optionee's unvested Options shall immediately vest and become exercisable and
      the term of any such Options shall be extended to the fifth anniversary of
      Optionee's employment termination date.

    

    During
      the term of this Option if the Optionee was at the time of his death an
      employee, all of the Optionee's unvested Options shall immediately vest and
      become exercisable and the term of any such Options shall be extended to the
      fifth anniversary of the Optionee's date of death and the Option may be
      exercised by the Optionee’s estate or by a person who acquired the right to
      exercise the Option by bequest or inheritance. 

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    

    If
      during
      the term of this Agreement and while the Optionee remains an employee of the
      Corporation, the Corporation shall be subject to a Change in Control, then
      in
      such case all of the Optionee's unvested Options shall immediately vest and
      become exercisable and the term of any such Options shall be extended to the
      fifth anniversary of the date of such Change in Control.

    

    "Change
      in Control" shall mean any merger, consolidation, sale of assets
      or
      other similar transaction or series of transactions involving the Corporation,
      other than any such transaction or transactions following which the Corporation
      or its stockholders continue to own a majority of the combined voting
power
      of
      the outstanding securities of the Corporation or other entity surviving
or
      succeeding to the business of the Corporation.

    

    6.
      Registration
      Rights.
      The
      Corporation hereby covenants and agrees to register on an SEC Form S-8, or
      other
      applicable SEC Form, as soon as reasonably practicable, as may be necessary
      under the Securities Laws to permit the resale of the Optioned Shares issued
      upon exercise of this Option by the Optionee.

    

    7.
      Nontransferability.
      Except
      as otherwise provided herein or unless the Corporation otherwise consents in
      writing, the rights of Optionee hereunder shall be non-assignable and
      non-transferable by the Optionee, either voluntarily or by operation of law,
      and
      shall not be pledged or hypothecated in any way. Except as otherwise provided
      herein, any attempted alienation, assignment, pledge, hypothecation, attachment,
      execution or similar process, whether voluntary or involuntary, with respect
      to
      all or any part of the Options or any right thereunder, shall be null and void
      and, at the Corporation's option, shall cause all of Optionee’s rights under
      this Agreement to terminate. 

    

    8.
      Effect
      of Exercise.
      Upon
      exercise of all or any part of this Option, the number of shares of Common
      Stock
      subject to this Option being exercised under this Agreement shall be reduced
      by
      the number of shares with respect to which such exercise is made.

    

    9.
      Method
      of Exercise.
      Each
      exercise of this Option shall be by means of a written notice of exercise in
      substantially the form attached hereto as Exhibit A delivered to the Secretary
      of the Corporation at its principal office and accompanied by payment in full,
      by certified or bank or cashier’s check payable to the Corporation, of the
      Exercise Price for each share of Common Stock purchased under the Option. Such
      notice shall specify the number of shares of Common Stock with respect to which
      the Option is exercised and shall be signed by the person exercising the Option.
      If the Option is exercised by a person other than Optionee, such notice shall
      be
      accompanied by proof, reasonably satisfactory to the Corporation, of such
      person's right to exercise the Option.

    

    10.
      Issuance
      of Shares.
      Subject
      to the foregoing conditions, the Corporation, as soon as reasonably practicable
      after receipt of a proper notice of exercise and without transfer or issue
      tax
      or other incidental expense to the person exercising an Option, shall, subject
      to the conditions herein expressly stated, deliver to such person at the
      principal office of the Corporation, or such other location as may be agreed
      in
      writing by the Corporation and such person, one or more certificates for the
      shares of Common Stock with respect to which the Option has been exercised.
      Such
      shares shall be fully paid and nonassessable and shall be issued in the name
      of
      such person.

    

    11.
      Limitation
      of Optionee’s Rights.
      Neither
      Optionee nor any person entitled to exercise an Option shall be or have any
      of
      the rights of a shareholder of the Corporation in respect of any share issuable
      upon the exercise of the Option unless and until a certificate or certificates
      representing shares of Common Stock shall have been issued and delivered upon
      exercise of the Option in full or in part. No adjustment shall be made for
      dividends or other rights for which the record date is prior to the date such
      stock certificates are issued.

    

    12.
      Consent
      Required to Transfer.
      Except
      as otherwise expressly provided herein, if at any time the Corporation shall
      have filed a registration statement pursuant to the federal securities laws
      in
      connection with any underwritten public offering by the Corporation of its
      equity securities, the Optionee shall not sell, make any short sale of, loan,
      hypothecate, pledge, grant any option for the purchase of, or otherwise dispose
      of or transfer for value or otherwise agree to engage in any of the foregoing
      transactions with respect to any Optioned Shares held by him without the prior
      written consent of the Corporation or its underwriters. Such limitations shall
      be in effect for such period of time from and after the effective date of such
      registration statement, or withdrawal of the filing with the SEC, as may be
      requested by the Corporation or such underwriters.

     

    13.
      Protection
      Against Dilution. 

     

    13.1
      Adjustment
      Mechanism.
      If an
      adjustment of the Exercise Price is required pursuant to this Section 13, the
      Optionee shall be entitled to purchase such number of additional shares of
      Common Stock as will cause (i) the total number of shares of Common Stock it
      is
      entitled to purchase pursuant to this Option, multiplied by (ii) the adjusted
      purchase price per share, to equal (iii) the dollar amount of the total number
      of shares of Common Stock it is entitled to purchase before adjustment
      multiplied by the total purchase price before adjustment.

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    13.2
      Capital
      Adjustment.
      In case
      of any stock split or reverse stock split, stock dividend, reclassification
      of
      the Common Stock, recapitalization, merger or consolidation, or like capital
      adjustment affecting the Common Stock of the Corporation, the provisions of
      this
      Section 13 shall be applied as if such capital adjustment event had occurred
      immediately prior to the effective date of this Option and the original purchase
      price had been fairly allocated to the stock resulting from such capital
      adjustment; and in other respects the provisions of this Section 13 shall be
      applied in a fair, equitable and reasonable manner so as to give effect, as
      nearly as may be, to the purposes hereof. A rights offering to stockholders
      shall be deemed a stock dividend to the extent of the bargain purchase element
      of the rights, if any.

     

    13.3
      Adjustment
      for Spin Off.
      If, for
      any reason, prior to the exercise of this Option in full, the Corporation spins
      off or otherwise divests itself of a part of its business or operations or
      disposes of all or a part of its assets in a transaction (the "Spin Off') in
      which the Corporation does not receive compensation for such business,
      operations or assets, but causes securities of another entity (the "Spin Off
      Securities") to be issued to security holders of the Corporation, then Optionee
      shall be entitled to receive its pro rata share of the Spin Off Securities
      determined as if it had exercised the entire unexercised portion of the Option
      outstanding on the trading day immediately prior to record date (the "Record
      Date") for determining the amount and number of Spin Off Securities to be issued
      to security holders of the Corporation.

    

    14.
      Restricted
      Securities.
      Optionee
      understands that the Option and the Common Stock issuable upon exercise of
      the
      Option are "restricted securities" under the Federal securities laws in as
      much
      as they are being acquired from the Corporation in a transaction not involving
      a
      public offering and that under such laws and applicable regulations such
      securities may be resold without registration under the Securities Act of 1933,
      as amended, only in certain limited circumstances. All certificates representing
      shares of Common Stock purchased upon the exercise of the Option shall bear
      the
      following legend:

    

    "THE
      SALE OF THE SECURITIES REPRESENTED HEREBY HAS NOT BEEN REGISTERED UNDER THE
      SECURITIES ACT OF 1933, AS AMENDED (THE "ACT"). ANY TRANSFER OF SUCH SECURITIES
      WILL BE INVALID UNLESS A REGISTRATION STATEMENT UNDER THE ACT IS IN EFFECT
      AS TO
      SUCH TRANSFER OR IN THE OPINION OF COUNSEL FOR THE ISSUER SUCH REGISTRATION
      IS
      UNNECESSARY IN ORDER FOR SUCH TRANSFER TO COMPLY WITH THE
      ACT."

     

    15.
      Notices.
      Any
      notice to the Corporation contemplated by this Agreement shall be addressed
      to
      it at its principal place of business in care of its President; and any notice
      to the Optionee shall be addressed to Optionee at the address set forth above
      or
      at such other address as Optionee may hereafter designate in a writing delivered
      to the Corporation as provided herein.

    

    16.
      Governing
      Law.
      This
      Agreement has been made, executed and delivered in, and the interpretation,
      performance and enforcement hereof shall be governed by and construed under
      the
      laws of the State of New York.

     

    
      	
              ADUROMED
                INDUSTRIES, INC.

            
	 	 
	
              By

            	
              /s/
                Kevin Dunphy 

            
	 	 
	
              OPTIONEE

            
	 
	
              /s/
                Scott Grisanti 

            
	
               SCOTT
                GRISANTI 

            

    

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

    EXHIBIT
      A 

    

    OPTION
      EXERCISE FORM

    (To
      be
      executed only upon exercise of an Option)

    

    The
      undersigned hereby irrevocably exercises the foregoing designated Option for
      the
      purchase of that number of shares of the
      Common Stock (par value $0.0001 par value per share), of Aduromed Industries,
      Inc. set forth below, and hereby makes payment of the aggregate Exercise Price
      therefor which is also set forth below, all on the terms and subject to the
      conditions specified in the Stock Option Agreement between him and the
      Corporation. 

     

    
      	
              Number
                of Shares:

            	 	  
	 
	
              x

            	 	 	 	 
	
              Exercise
                Price:

            	 	
              
              

              $

            	
              
              

                 
                    

            	 
	
              Aggregate
                Exercise

            	 	 	 	 
	
              Price
                paid:

            	 	
              $

            	
                
                  

            	 

    

    

    
      	 	
              Dated:

            
	 	 
	 	
              HOLDER:

            
	 	 
	 	
              ____________________

            
	
              ACCEPTED:

            	 
	 	 
	
              Dated:

            	 
	 	 
	
              ADUROMED
                INDUSTRIES, INC.

            	 
	 	 
	
              By
                _______________________Exhibit
      10.01

     

    EMPLOYMENT
      AGREEMENT

    

    THIS
      AGREEMENT (the "Agreement") is made as of the 2nd day of September, 2008 between
      Aduromed Industries, Inc., a Delaware corporation (“ADRM"), Aduromed
      Corporation, a Delaware corporation (“Aduromed", and together with ADRM, the
“Companies”) and Scott Grisanti (the "Executive" or "Employee"), an individual
      residing at 1554 Anderson Ave Unit E, Fort Lee, NJ 07024-2716.

    

    WITNESSETH
      THAT:

    

    WHEREAS,
      the Executive has extensive and valuable experience in the business of the
      Companies; and

    

    WHEREAS,
      the Companies desire to employ the Executive, giving him full executive powers,
      and the Executive desires so to be employed by the Companies;

    

    NOW,
      THEREFORE, in consideration of the premises and mutual covenants herein
      contained, the Companies and the Executive hereby agree as follows:

    

    1.
      Employment.

    

    The
      Companies shall, and do hereby, employ the Executive, and the Executive shall,
      and does hereby accept employment from the Companies in the capacity of the
      President and Chief Executive Officer of the Companies. In such capacity, the
      Executive shall at all times during the term of his employment hereunder have
      the title of President and Chief Executive Officer; and shall

    

    (i)
      devote during normal business hours his full attention, knowledge, experience,
      skills and best endeavors to the business and affairs of the
      Companies,

    

    (ii)
      perform services and discharge duties set forth herein and generally associated
      with the position of the Chief Executive Officer in a trustworthy manner
      and

    

    (iii)
      perform all duties consistent with (a) policies established from time to time
      by
      the Companies and (b) all applicable legal requirements.

    

    2.
      Authority.

    

    Executive
      shall have full power, responsibility and authority to manage the businesses
      in
      the ordinary course of both the Companies and its various subsidiaries, if
      any
      as provided by the Board of Directors, including but not limited
      to,

    

    (i)
      hiring, terminating and setting the compensation (including fringe benefits)
      for
      employees of, consultants and agents for the Companies,
      provided, however, that in no case shall an employment contract set a term
      of
      greater than one (1) year nor provide for salary and bonus in excess of $200,000
      per year without first receiving the approval of the Board of Directors of
      the
      Companies; and

    

    (ii)
      performing all other functions necessary to provide for the continued operation
      in the ordinary course of the Companies as shall from time to time be
      established.

    

    3.
      Term.

    

    Subject
      to the provisions for termination herein provided, the term of this Agreement
      shall commence as of the 2nd day of September, 2008, and shall continue in
      full
      force and effect until the Company's close of business on September 2nd, 2011.
      At the expiration of the original term of this Agreement on September 2nd,
      2011,
      and upon each anniversary thereafter, the Term of this Agreement shall be deemed
      renewed and extended for successive one-year periods, provided that neither
      party, within ninety (90) days prior to such expiration date or any anniversary
      thereof, shall have given written notice to the other that this Agreement shall
      not be renewed or extended. (Such term, including all renewals and extensions,
      herein called the "Term".)

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    4.
      Compensation.

    

    The
      Company shall compensate the Employee during the Term of this Agreement as
      follows:

    

    (a)
      Base
      Salary. The Employee shall be paid a base salary ("Base Salary") of not less
      than Three Hundred Thousand Dollars ($300,000.00) per year in installments
      consistent with the Companies’ usual practices. 

    

    (b)
      Performance Bonus. The Employee shall be entitled to an annual cash bonus (
      the
      "Bonus") based upon the Companies’ attainment of reasonable financial objectives
      to be determined annually by the Board. The maximum annual Bonus shall not
      exceed sixty percent (60%) of the applicable year's ending Base Salary and
      shall
      be payable only in the event the Board determines, in its sole and exclusive
      discretion, that the particular year's financial and set objectives have been
      met. The timing for payment of any such Bonus shall be in accordance with the
      Companies’ bonus plan, if any shall have been established by the Board, but in
      any event not later than seventy-five (75) days following the close of the
      particular fiscal year.

    

    (c)
      Withholding. All compensation payable to the Executive hereunder shall be
      subject to withholding, as required by law.

    

    5.
      Benefits.

    

    (a)
      Generally. The Executive shall be eligible to participate in any employee
      benefit or welfare plan, including any life, accident, medical, and disability
      insurance, retirement or pension plan or program maintained or which shall
      be
      maintained from time to time during the Term by the Companies for its employees
      or executive employees and their immediate families, on the same basis and
      subject to the same requirements and limitations as are or shall be applicable
      to other employees or executive employees of the Companies.

    

    (b)
      Perquisites. The Executive shall be provided with (i) a car allowance of $800
      per month (ii) a cellular phone and the Companies shall pay all monthly fees
      and
      charges, (iii) computer equipment, dedicated phone/fax line and fax/copying
      and
      scanning equipment at Employee's residence and the Companies shall pay or
      reimburse him for all installation and carrying charges associated therewith,
      and (iv) such other perquisites as are normal and customary for executives
      similarly situated which contribute to the Executive’s performance of his
      responsibilities and (v) other perquisites that from time to time may be
      established by the Companies and its Board of Directors. 

     

    6.
      Vacation.

    

    Executive
      shall be entitled to four (4) weeks' vacation each year during the Term of
      this
      Agreement, and any renewal or extension thereof, to be taken at times not
      inconvenient to the Companies.

    

    7.
      Expenses.

    

    The
      Companies shall reimburse the Executive for all reasonable business expenditures
      made by him in connection with, or in furtherance of, his employment hereunder,
      upon presentation and approval of itemized expense statements, receipts or
      vouchers or such other supporting information as may from time to time be
      reasonably requested by the Companies. Air travel by Executive shall be in
      "business class” and shall include the providing of a designated airline travel
      club where the executive can make use of such facilities to conduct business
      in
      a professional environment while traveling.

    

    8.
      Confidentiality.

    

    During
      the Term of his employment, and at all times thereafter, the Employee shall
      not,
      without the prior written consent of the Companies, divulge to any third party
      or use for his own benefit or the benefit of any third party or for any purpose
      other than the exclusive benefit of the Companies, any confidential or
      proprietary business or technical information revealed, obtained or developed
      in
      the course of his employment with the Companies and which is otherwise the
      property of the Companies or any of its affiliated corporations, including,
      but
      not limited to, trade secrets, customer lists, formulae and processes of
      manufacture; provided, however, that nothing herein contained shall restrict
      the
      Employee's ability to make such disclosures during the course of his employment
      as may be necessary or appropriate to the effective and efficient discharge
      of
      his duties to the Companies.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    9.
      Proprietary Intellectual Property.

    

    The
      Employee shall treat as for the sole benefit of the Companies and fully and
      promptly disclose and assign to it without additional compensation, all
      proprietary intellectual property, including, without limitation, all ideas,
      discoveries, inventions and improvements, patentable or not, as well as all
      formulae, processes, know-how, patent rights and letters patent therefor filed
      in the United States and all other countries, and any and all rights and
      interests in, to and under the same, made, conceived, acquired, reduced to
      practice, or otherwise possessed, during the term of his employment by the
      Companies, alone or with other employees, during or after usual working hours
      either on or off the job, and which are related to the Companies’ business. In
      addition, the Employee agrees that, upon request, he will promptly make all
      disclosures, execute all instruments and papers, and perform all acts whatsoever
      necessary or desired by the Companies to vest in and assign to the Companies,
      their successors, assigns and nominees, fully and completely, all rights created
      or contemplated by this SECTION 9 and which may be necessary or desirable to
      enable the Companies, their successors, assigns and nominees to secure and
      enjoy
      the full benefits and advantages thereof, including any and all applications,
      writings or other documents, as may be necessary to apply for and obtain any
      patent, copyright or trademark registration by the Companies or any assignment
      thereof. Employee shall at all times cooperate with and assist the Companies
      in
      preserving and enforcing the aforesaid rights which assistance and cooperation
      shall include but not be limited to providing the Companies with all information
      and documents necessary to prosecute and defend such rights. The covenants
      made
      by the Employee under the terms of this SECTION 9 shall be enforceable by the
      Companies for so long as employee shall be employed by, or a consultant to,
      the
      Companies and for twelve (12) months immediately thereafter unless, during
      the
      term of this Agreement, he shall have been terminated without
      cause.

    

    10.
      Property.

    

    Both
      during the Term of his employment and thereafter, the Employee shall not remove
      from the Companies’ offices or premises any of the Companies’ documents,
      records, notebooks, files, correspondence, reports, memoranda and similar
      materials or property of any kind unless necessary in accordance with the duties
      and responsibilities of his employment. In the event that any such material
      or
      property is removed, it shall be returned as promptly as possible. The Employee
      shall not make, retain, remove or distribute any copies, or divulge to any
      third
      person the nature or contents of any of the foregoing or of any other oral
      or
      written information to which he may have access, except as disclosure shall
      be
      necessary in the performance of his duties. On the termination of his employment
      with the Companies, the Employee shall leave with or return to the Companies
      all
      originals and copies of the foregoing then in his possession or subject to
      his
      control, whether prepared by the Employee or by others.

    

    11.
      Termination By Companies.

    

    (a)
      Termination for Cause. The employment of the Employee may be terminated for
      Cause at any time by the vote of a majority of the Board; provided, however,
      that before the Companies may terminate the Employee's employment for Cause
      for
      any reason that is susceptible to cure, the Companies shall first send the
      Employee written notice of its intention to terminate this Agreement for Cause,
      specifying in such notice the reasons for such Cause and those conditions that,
      if satisfied by the Employee, would cure the reasons for such Cause, and the
      Employee shall have 30 days from receipt of such written notice to satisfy
      such
      conditions. If such conditions are satisfied within such 30-day period, the
      Companies shall so advise the Employee in writing. If such conditions are not
      satisfied within such 30-day period, the Companies may thereafter terminate
      this
      Agreement for Cause on written Notice of Termination (as defined in SECTION
      13(a)) delivered to the Employee describing with specificity the grounds for
      termination. Immediately on termination pursuant to this SECTION 11(A), the
      Companies shall pay to the Employee in a lump sum any remaining unpaid Base
      Salary under SECTION 4(A) to the Date of Termination (as defined in SECTION
      13(B)) and the Employee shall forfeit any Base Salary attributable to any period
      subsequent to the Date of Termination. On termination pursuant to this SECTION
      11(A), the Employee shall forfeit (i) his Bonus under SECTION 4(B) for the
      year
      in which such termination occurs, and (ii) all unvested Options and other
      options, warrants and rights relating to capital stock of the Companies, except
      those issued prior to the date of this Agreement. For purposes of this
      Agreement, Cause shall mean: (1) a material breach of any of the terms of this
      Agreement that is not immediately corrected following written notice of default
      specifying such breach; (2) repeated intoxication with alcohol or drugs while
      on
      Companies’ premises during its regular business hours to such a degree that, in
      the reasonable judgment of the other managers of the Companies, the Employee
      is
      abusive or incapable of performing his duties and responsibilities under this
      Agreement; (3) conviction of a felony; or (4) misappropriation of property
      belonging to the Companies and/or any of its affiliates.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      Termination Without Cause. The employment of the Employee may be terminated
      without Cause at any time by the vote of a majority of the Board on delivery
      to
      the Employee of a written Notice of Termination (as defined in SECTION 13(A)).
      On the Date of Termination (as defined in SECTION 13(B)) pursuant to this
      SECTION 11(B), the Company shall pay to the Employee in a lump sum in lieu
      of
      payments under SECTIONS 4(A), 4(B) AND 5 for the remainder of the Term an amount
      equal to the sum of (i) all remaining unpaid Base Salary payable under SECTION
      4(A) for the full period through the Date of Termination, plus (ii) the maximum
      Bonus available to the Employee under SECTION 4(B) for the year in which the
      termination occurs, pro-rated through the Date of Termination, plus (iii) Base
      Salary payable under SECTION 4(A) for a full one (1) year period commencing
      on
      the Date of Termination, such Base Salary to be paid to the Employee in
      accordance with the Companies’ normal payroll practices over the course of such
      additional one year period, plus (iv) the maximum Bonus available to the
      Employee under SECTION 4(B) for the one (1) year period commencing on the Date
      of Termination, such Bonus to be paid to the Employee in accordance with the
      Companies’ normal payroll practices over the course of such additional one year
      period. In addition, on termination of the Employee under this SECTION 11(B),
      all of the Employee's unvested Options and other options, warrants and rights
      relating to capital stock of the Companies shall immediately vest and become
      exercisable. The term of any such options (including the Options), warrants
      and
      rights shall be extended to the fifth anniversary of the Employee's termination.
      The Employee acknowledges that extending the term of any incentive stock option
      pursuant to this SECTION 11(B), or SECTION 11(C), 11(D) OR 12(A), could cause
      such option to lose its tax-qualified status under the Internal Revenue Code
      of
      1986, as amended (the "Code"), and agrees that the Companies shall have no
      obligation to compensate the Employee for any additional taxes he incurs as
      a
      result. In addition, Employee shall be entitled to any benefits under Section
      5
      hereof which he had the benefit of as of the Date of Termination for such
      additional one year period upon the same terms and conditions as they existed
      as
      of the Date of Termination. 

    

    (c)
      Termination on Disability. If during the Term the Employee should fail to
      perform his duties hereunder on account of physical or mental illness or other
      incapacity which the Board shall in good faith determine renders the Employee
      incapable of performing his duties hereunder, and such illness or other
      incapacity shall continue for a period of more than six (6) consecutive months
      ("Disability"), the Companies shall have the right, on written Notice of
      Termination (as defined in SECTION 13(A)) delivered to the Employee to terminate
      the Employee's employment under this Agreement. During the period that the
      Employee shall have been incapacitated due to Disability, the Employee shall
      continue to receive the full Base Salary provided for in SECTION 4(A) hereof
      at
      the rate then in effect until the Date of Termination (as defined in SECTION
      13(B)) pursuant to this SECTION 11(C). On the Date of Termination pursuant
      to
      this SECTION 11(C), the Companies shall pay to the Employee in a lump sum an
      amount equal to all remaining unpaid Base Salary payable under SECTION 4(A)
      for
      the full period through the Date of Termination. In addition, the Companies
      shall pay to the Employee Base Salary payable under SECTION 4(A) for a full
      one
      (1) year period commencing on the Date of Termination, such Base Salary to
      be
      paid to the Employee in accordance with the Companies’ normal payroll practices
      over the course of such additional one year period. In addition, on such
      termination, all of the Employee's unvested Options and other options, warrants
      and rights relating to capital stock of the Companies shall immediately vest
      and
      become exercisable. The term of any such options (including the Options),
      warrants and rights shall be extended to the fifth anniversary of the Employee's
      termination. In addition, Employee shall be entitled to any benefits under
      Section 5 hereof which he had the benefit of as of the Date of Termination
      for
      such additional one year period upon the same terms and conditions as they
      existed as of the Date of Termination. 

    

    (d)
      Termination on Death. If the Employee shall die during the Term, the employment
      of the Employee shall thereupon terminate. On the Date of Termination (as
      defined in SECTION 13(B)) pursuant to this SECTION 11(D), the Companies shall
      pay to the Employee's estate a lump sum amount equal to all remaining unpaid
      Base Salary payable under SECTION 4(A) for the full period through the Date
      of
      Termination. In addition, the Companies shall pay to the Employee’s estate Base
      Salary payable under SECTION 4(A) for a full one (1) year period commencing
      on
      the Date of Termination, such Base Salary to be paid to the Employee’s estate in
      accordance with the Companies’ normal payroll practices over the course of such
      additional one year period. In addition, on termination of the Employee under
      this SECTION 11(D), all of the Employee's unvested Options and other options,
      warrants and rights relating to capital stock of the Companies shall immediately
      vest and become exercisable. The term of any such options (including the
      Options), warrants and rights shall be extended to the fifth anniversary of
      the
      Employee's termination. The provisions of this SECTION 11(D) shall not affect
      the entitlements of the Employee's heirs, executors, administrators, legatees,
      beneficiaries or assigns under any employee benefit plan, fund or program of
      the
      Companies.

    

    12.
      [This
      Section Intentionally Left Blank].

    

    13.
      Provisions Applicable to Termination of Employment.

    

    (a)
      Notice of Termination. Any purported termination of Employee's employment by
      the
      Companies pursuant to SECTION 11 shall be communicated by Notice of Termination
      to the Employee as provided herein, and shall state the specific termination
      provisions in this Agreement relied on and set forth in reasonable detail the
      facts and circumstances claimed to provide a basis for termination of the
      Employee's employment ("Notice of Termination”).

    

    (b)
      Date
      of Termination. For all purposes, "Date of Termination" shall mean, for
      Disability, thirty (30) days after Notice of Termination is given to the
      Employee (provided the Employee has not returned to duty on a full-time basis
      during such 30-day period), or, if the Employee's employment is terminated
      by
      the Companies for any other reason, the date on which a Notice of Termination
      is
      given.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (c)
      Benefits on Termination. On termination of this Agreement by the Companies
      pursuant to SECTION 11, all profit-sharing, deferred compensation and other
      retirement benefits payable to the Employee under benefit plans in which the
      Employee then participated shall be paid to the Employee in accordance with
      the
      provisions of the respective plans and the Employee shall be entitled to all
      accrued and unused vacation days through the Date of Termination.

    

    14.
      Non-Competition and Non-Solicitation.

    

    (a)
      In
      consideration of the provisions hereof and the payments provided under SECTION
      11, for the Restricted Period (as hereinafter defined), the Employee will not,
      except as specifically provided below, anywhere in any state of the United
      States in which the Companies are engaged in the conduct of their business
      as of
      such termination date (the "Restricted Territory"), directly or indirectly,
      acting individually or as the owner, shareholder, partner or management employee
      of any entity, (i) engage in the operation of disposing or converting medical
      waste, (ii) enter the employ as a manager of, or render any personal services
      to
      or for the benefit of, or assist in or facilitate the solicitation of customers
      for, or receive remuneration in the form of management salary, commissions
      or
      otherwise from, any business engaged in such activities in such jurisdictions;
      or (iii) receive or purchase a financial interest in, make a loan to, or make
      a
      gift in support of, any such business in any capacity, including without
      limitation, as a sole proprietor, partner, shareholder, officer, director,
      principal agent or trustee; provided, however, that the Employee may own,
      directly or indirectly, solely as an investment, securities of any business
      traded on any national securities exchange or quoted on any NASDAQ market,
      provided the Employee is not a controlling person of, or a member of a group
      which controls, such business and further provided that the Employee does not,
      in the aggregate, directly or indirectly, own five percent (5%) or more of
      any
      class of securities of such business. The term "Restricted Period" shall mean
      the earlier of (i) the maximum period allowed under applicable law and (ii)(x)
      in the case of a Change of Control, until the third anniversary of the effective
      date of the Change of Control, (y) in the case of a termination by the Companies
      without Cause pursuant to Section 10(b) and provided the Companies have made
      the
      payments required under SECTION 11(B), until the second anniversary of the
      Date
      of Termination, or (z) in the case of Termination for Cause by the Company
      pursuant to SECTION 11(A), until the first anniversary of the Date of
      Termination.

    

    (b)
      If
      the final judgment of a court of competent jurisdiction declares that any term
      or provision of this SECTION 15 is invalid or unenforceable, the parties agree
      that the court making the determination of invalidity or unenforceability shall
      have the power to reduce the scope, duration or area of the term or provision,
      to delete specified words or phrases or to replace any invalid or unenforceable
      term or provision with a term or provision that is valid and enforceable and
      that comes closest to expressing the intention of the invalid or unenforceable
      term or provision, and this Agreement shall be enforceable as so modified after
      the expiration of the time within which the judgment may be
      appealed.

    

    15.
      (a)
      Benefits Upon a Change in Control. If (i) during the term of this Agreement
      and
      while Executive remains an employee of the Companies, the Companies shall be
      subject to a Change in Control and (ii) within one (1) year following such
      Change in Control the Companies terminate the employment of Executive
      involuntarily and without Cause, then in such case Executive shall be entitled
      to receive the following: (A) Executive's unpaid Base Salary accrued through
      the
      Date of Termination, plus (B) the maximum Bonus available to the Employee under
      SECTION 4(B) for the year in which the termination occurs, pro-rated through
      the
      Date of Termination, plus (C) Base Salary payable under SECTION 4(A) for a
      full
      one (1) year period commencing on the Date of Termination, such Base Salary
      to
      be paid to the Employee in accordance with the Companies’ normal payroll
      practices over the course of such additional one year period, plus (D) the
      maximum Bonus available to the Employee under SECTION 4(B) for the one (1)
      year
      period commencing on the Date of Termination, such Bonus to be paid to the
      Employee in accordance with the Companies’ normal payroll practices over the
      course of such additional one year period, and (E) to the extent required by
      COBRA only, continuation of group health benefits pursuant to the Companies’
standard programs or in effect at the Date of Termination, for a period of
      not
      less than 18 months (or such longer period as may be required by COBRA),
      provided that Executive makes the necessary conversion. If during the term
      of
      this Agreement and while Executive remains an employee of the Companies, the
      Companies shall be subject to a Change in Control, then in such case Executive
      shall be entitled to vesting of all of the Executive's unvested Options and
      other options, warrants and rights relating to capital stock of the Companies
      which shall immediately become exercisable and the term of any such options
      (including the Options), warrants and rights shall be extended to the fifth
      anniversary of the date of such Change in Control.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    (b)
      Exclusivity. The provisions of this Agreement are intended to be and are
      exclusive and in lieu of any other rights or remedies to which Executive or
      the
      Companies may otherwise be entitled, either at law, tort or contract, in equity,
      under Companies policies in effect now or hereafter, or under this Agreement,
      in
      the event that (i) during the term of this Agreement and while Executive remains
      an employee of the Companies, the Companies shall be subject to a Change in
      Control and (ii) within one (1) year following such Change in Control the
      Companies terminates the employment of Executive involuntarily and without
      Cause. In such circumstances, Executive shall be entitled to no benefits,
      compensation or other payments or rights upon termination of employment other
      than those benefits expressly set forth in Section 15.

    

    "Change
      in Control" shall mean any merger, consolidation, sale of assets or other
      similar transaction or series of transactions involving the Companies, other
      than any such transaction or transactions following which the Companies or
      its
      stockholders continue to own a majority of the combined voting power of the
      outstanding securities of the corporation or other entity surviving or
      succeeding to the business of the Companies.

    

    16.
      Indemnification.

    

    As
      an
      employee and agent of the Companies, the Employee shall be fully indemnified
      by
      the Companies to the fullest extent permitted by applicable law in connection
      with his employment hereunder.

    

    17.
      Survival of Provisions.

    

    The
      obligations of the Companies under SECTION 15 of this Agreement shall survive
      both the termination of the Employee's employment and this
      Agreement.

    

    18.
      No
      Duty to Mitigate; No Offset.

    

    The
      Employee shall not be required to mitigate damages or the amount of any payment
      contemplated by this Agreement, nor shall any such payment be reduced by any
      earnings that the Employee may receive from any other sources or offset against
      any other payments made to him or required to be made to him pursuant to this
      Agreement.

    

    19.
      Assignment; Binding Agreement.

    

    The
      Companies may assign this Agreement to any parent, subsidiary, affiliate or
      successor of the Companies. This Agreement is not assignable by the Employee
      and
      is binding on him and his executors and other legal representatives. This
      Agreement shall bind the Companies and their successors and assigns and inure
      to
      the benefit of the Employee and his heirs, executors, administrators, personal
      representatives, legatees or devisees. The Companies shall assign this Agreement
      to any entity that acquires its assets or business, and shall cause it to assume
      the Companies’ obligations and liabilities arising hereunder.

    

    20.
      Notice.

    

    Any
      written notice under this Agreement shall be personally delivered to the other
      party or sent by certified or registered mail, return receipt requested and
      postage prepaid, to such party at the address set forth in the records of the
      Companies or to such other address as either party may from time to time specify
      by written notice.

    

    21.
      Entire Agreement; Amendments.

    

    This
      Agreement contains the entire agreement of the parties relating to the
      Employee's employment and supersedes all oral or written prior discussions,
      agreements and understandings of every nature between them. This Agreement
      may
      not be changed except by an agreement in writing signed by the Companies and
      the
      Employee.

    

    22.
      Waiver.

    

    The
      waiver of a breach of any provision of this Agreement shall not operate or
      as be
      construed to be a waiver of any other provision or subsequent breach of this
      Agreement.

     

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    23.
      Governing Law and Jurisdictional Agreement.

    

    This
      Agreement shall be governed by and construed and enforced in accordance with
      the
      laws of the State of New York. The parties irrevocably and unconditionally
      submit to the jurisdiction and venue of any court, federal or state, situated
      within New York County, New York for the purpose of any suit, action or other
      proceeding arising out of, or relating to or in connection with, this
      Agreement.

    

    24.
      Severability.

    

    In
      case
      any one or more of the provisions contained in this Agreement is, for any
      reason, held invalid in any respect, such invalidity shall not affect the
      validity of any other provision of this Agreement, and such provision shall
      be
      deemed modified to the extent necessary to make it enforceable.

    

    25.
      Enforcement.

    

    It
      is
      agreed that it is impossible to measure fully, in money, the damage which will
      accrue to the Company in the event of a breach or threatened breach of SECTIONS
      8, 9 OR 10 of this Agreement, and, in any action or proceeding to enforce the
      provisions of SECTIONS 8, 9 OR 10 hereof, the Employee waives the claim or
      defense that the Companies have an adequate remedy at law and will not assert
      the claim or defense that such a remedy at law exists. The Companies are
      entitled to injunctive relief to enforce the provisions of such sections as
      well
      as any and all other remedies available to it at law or in equity without the
      posting of any bond.

    

    26.
      Counterparts.

    

    This
      Agreement may be executed in counterparts, each of which shall be deemed an
      original and both of which together shall constitute one and the same
      instrument.

    

    27.
      Due
      Authorization.

    

    The
      execution of this Agreement has been duly authorized by the Companies by all
      necessary corporate action.

    

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

    

      
        	 	
                ADUROMED
                  INDUSTRIES, INC. a Delaware corporation

              	 
	 	 	 	 
	 	 	
                By

              	
                   
                    /s/ Kevin Dunphy

              	 	 
	 	 	
                Name:
                  Kevin Dunphy

              	 	 
	 	 	
                Title:
                  Chief Financial Officer and Treasurer

              	 
	 	 	 	 
	 	 	
                ADUROMED
                  CORPORATION a Delaware corporation

              	 
	 	 	 	 	 	 
	 	 	
                By

              	
                   
                    /s/ Kevin Dunphy

              	 	 
	 	 	
                Name:
                  Kevin Dunphy

              	 	 
	 	 	
                Title:
                  Chief Financial Officer and Treasurer

              	 
	 	 	 	 
	 	 	 
	 	
                EMPLOYEE

              	 
	 	 	 	 
	 	 	
                /s/
                  Scott Grisanti

              	 	 
	 	 	
                Name:
                  Scott Grisanti

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