Document:

Exhibit
      10.1

    

    MICHAEL
      SOSNOWIK

    233
      Narragansett Avenue

    Lawrence,
      New York 11559

    

    January
      31, 2007

    

    Lab123,
      Inc.

    100
      Field
      Drive, Suite 240

    Lake
      Forest, Illinois 60045

    

    

    Gentlemen:

    

    Reference
      is made to the Employment Agreement, dated as of August 30, 2006 between Lab123,
      Inc. (the “Company”) and me, as amended pursuant to a letter agreement dated
      December 28, 2006 (collectively, the “Employment Agreement”). 

    

    It
      is
      hereby agreed that, except as provided herein, the Employment Agreement is
      terminated effective immediately.

    

    1.
      I will
      remain a full-time employee of the Company through January 31, 2007 and work
      my
      last three full time days in Chicago, Illinois.

    

    2.
      During
      a transition period from February 1, 2007 to and including May 1, 2007 (the
      “Transition Period”) I will make myself be available to assist the Company in
      any issues and/or customer solicitations that are open as of the date
      hereof.

    

    3.
      During
      the Transition Period I will continue to receive my salary in the same amount
      and on the same bi-weekly schedule as set forth in the Employment Agreement.
      Additionally, in accordance with the policies and procedures of the Company,
      the
      Company shall reimburse me for all reasonable business expenses which I have
      incurred prior to, or will incur during, the Transition Period. I shall incur
      no
      new expenses after the date hereof without the prior consent of the
      Company.

    

    4.
      During
      the Transition Period the Company will continue to maintain for my benefit
      the
      same insurance coverage as maintained for my benefit prior to the date hereof.
      

    

    5.
      At
      then end of the Transition Period I shall be offered the option to continue
      my
      health insurance coverage insurance at my expense under the provisions and
      subject to the limitations of COBRA.

    

    6.
      The
      covenant not to compete which I gave to the Company under Section 10(b) of
      the
      Employment Agreement shall continue during the Transition Period and expire
      on
      May 1, 2007. My covenant of Confidentiality given under Section 10(a) of the
      Employment Agreement shall continue indefinitely. All other contractual
      obligations and restrictions which existed between me and the Company under
      the
      Employment Agreement will remain in force during the Transition Period, but
      will
      become null and void at the end of the Transition Period.

    

    
      
         

      

      
         

        
          

        

      

      
         

      

    

     

    7.
      I am
      simultaneously herewith delivering to the Board of Directors of the Company
      my
      resignation as an officer and director of the Company.

    

    8.
      The
      provisions set forth in Section 11 of the Employment Agreement shall also govern
      this letter agreement. 

    

    Please
      indicate your agreement with the foregoing by signing a copy of this letter
      in
      the space indicated below.

     

    
      	 	 	 
	 	 
	 
 	 
 	
              Very
                truly yours,

               

               

            
	 	 	/s/
              Michael Sosnowik
	 	 	 
	 	Michael
              Sosnowik

TERMS
      AGREED TO:

     

    
      	LAB123, INC	 	 	 
	 	 	 	 	 
	By:	/s/ Henry
              Warner	 	 	 
	 	
              
Henry
              Warner, Chairman of the Board	 	 	
            

    

     

    
      
         

      

        2Exhibit
      10.2

    

    EMPLOYMENT
      AGREEMENT

    

    THIS
      EMPLOYMENT AGREEMENT (“Agreement”) is made as of the 1st
      day of
      March, 2007, by and between Lab123, Inc., a Delaware corporation, with corporate
      offices at 100 Field Drive, Suite 240, Lake Forest, Illinois 60045 (“Company”),
      and Mary Rodino currently residing at 321 N. Grove Avenue, Oak Park, Illinois
      60302 (“Executive”).

    

    W
      I T N E S S E T H

    

    WHEREAS,
      on the terms and subject to the conditions hereinafter set forth, the Company
      desires to employ the Executive and the Executive desires to be employed by
      the
      Company.

    

    NOW,
      THEREFORE, in consideration of the foregoing and of the covenants and agreements
      herein contained, and for other good and valuable considerations, the receipt
      and sufficiency of which are hereby acknowledged, the parties agree as
      follows:

    

    1.    Employment
      and Duties.
      The
      Company hereby employs the Executive, and the Executive hereby agrees to be
      employed by the Company, as President of the Company. The Executive shall report
      to and be under the supervision and direction of the Board of Directors of
      the
      Company. In her capacity as President of the Company, the Executive shall be
      the
      chief executive officer of the Company and shall be in charge of the day-to-day
      business of the Company, and shall perform such duties and services of an
      executive nature as may reasonably be required of her by the Company’s Board of
      Directors. The Executive shall devote her full business time and best efforts
      to
      her duties hereunder and shall timely, fully, diligently, conscientiously and
      competently undertake, assume, carry out and perform her duties
      hereunder.

    

    During
      the Term of this Agreement (hereinafter defined), the Executive agrees she
      will
      not, without the prior written consent of the Board of Directors of the Company,
      render or perform other services for compensation (whether as principal, agent,
      consultant, director, shareholder, partner, independent contractor, executive
      or
      in any other capacity, whether directly or indirectly, through any other person,
      partnership, corporation, limited liability company, association or other
      entity). The expenditure of reasonable amounts of time on personal passive
      or
      portfolio investment matters and charitable activities shall not be deemed
      a
      breach of her Agreement provided that the same do not interfere with the
      performance by the Executive of her duties hereunder.

    

    2.    Term
      of Employment.

    

    (a)
      Term.
      The
      Company's employment of the Executive under this Agreement shall be three years
      commencing on the date of this Agreement (“Initial Term”), unless earlier
      terminated in accordance with the provisions hereof; provided, however, that
      the
      Term of this Agreement shall automatically be renewed from year to year
      following the expiration of the Initial Term (each a “Renewal Term”) unless
      either party gives written notice to the other at least thirty (30) days prior
      to the expiration of the Initial Term or a Renewal Term that such party is
      terminating this Agreement at the expiration of such Term. The Executive
      understands and agrees that the Company has no obligation to renew the Term
      of
      this Agreement following the expiration of the Initial Term. Accordingly, if
      the
      Company does not renew the Term of this Agreement following the expiration
      of
      the Initial Term, such failure to renew shall not be a breach of this Agreement.
      However, if the Company does not renew the Term of this Agreement following
      the
      expiration of the initial Term, the provisions of Section 8(c) hereof shall
      be
      applicable and, except as provided in Section 8(c), the Executive shall not
      be
      entitled to any payment of any kind hereunder. For purposes of this Agreement,
      the Initial Term and any Renewal Term are collectively referred to as the
“Term”.

    

    
      
         

      

      
        1

        
          

        

      

      
         

      

    

     

    (b)
      Termination.
      The
      Company's employment of the Executive under this Agreement shall be terminated
      on the first to occur of the following:

    
      	 	
              (i)

            	
              The
                Executive's death;

            

    

    

    
      	
            	(ii)	
              The
                Executive's Total Disability;

            

    

    

    
      	
            	(iii)	
              Termination
                of the Executive's employment by the Company pursuant to the provisions
                of
                Section 5 hereof; or

            

    

    

    
      	
            	(iv)	
              Termination
                of the Executive's employment by the Executive pursuant to the provisions
                of Section 6 hereof.

            

    

    

    For
      purposes of this Agreement, “Total Disability” of the Executive shall be deemed
      to have occurred when, due to any physical or mental condition, the Executive
      is
      unable to perform her duties hereunder on a full-time basis for a continuous
      period (any such period herein being referred to as a “Disability Period”)
      aggregating at least ninety (90) days. Where the conclusion of one Disability
      Period is followed within six (6) months by the start of another Disability
      Period and the disabilities are the same or related, both Disability Periods
      shall be aggregated for the purpose of determining the ninety (90) day period
      referred to in this Section. Following such ninety (90) day period, the Company
      may, at any time thereafter, elect to terminate the Executive’s employment with
      the Company.

    

    3.    Compensation.
      The
      Executive shall be entitled to receive the following compensation for services
      rendered to the Company under this Agreement:

    

    (a)
      Base
      Salary.
      The
      Executive shall receive a salary, (hereinafter referred to as “Base Salary”), at
      an initial rate of two hundred thousand dollars ($200,000) per annum, payable
      in
      accordance with the Company’s customary payroll payment procedures.

    

    (b)
      Bonuses.

     

    (i)
      Bonuses
      Based upon the Performance of the Company.
      The
      Executive shall be paid a bonus based upon the performance of the Company as
      follows:

    

    
      
         

      

      
        2

        
          

        

      

      
         

      

    

     

    (1)
      If,
      in any fiscal year beginning with fiscal year 2007, or part thereof, during
      the
      Term of this Agreement, the Company earns a pre-tax profit of one million five
      hundred thousand dollars ($1,500,000), the Executive shall be paid a bonus
      of
      one hundred and fifty thousand dollars ($150,000) (ten percent (10%) of the
      Company’s pre-tax profit) in accordance with the provisions hereof.

    

    (2)
      If,
      in any fiscal year beginning with fiscal year 2007, or part thereof, during
      the
      Term of this Agreement, the Company earns a pre-tax profit greater than one
      million five hundred thousand dollars ($1,500,000) but less than five million
      dollars ($5,000,000), then, in addition to the amount payable to the Executive
      pursuant to the provisions of Section 3(b)(i)(1), the Executive shall be paid
      a
      bonus equal to six percent (6%) of the pre-tax profit earned in such fiscal
      year, or part thereof, between one million five hundred thousand dollars
      ($1,500,000) and five million dollars ($5,000,000).

    

    (3)
      If,
      in any fiscal year beginning with fiscal year 2007 , or part thereof, during
      the
      Term of this Agreement, the Company earns a pre-tax profit greater than five
      million dollars ($5,000,000), then, in addition to the amounts payable to the
      Executive pursuant to the provisions of Sections 3(b)(i)(1) and (2), the
      Executive shall be paid a bonus equal to four percent (4%) of the pre-tax profit
      earned in such fiscal year, or part thereof, in excess of five million dollars
      ($5,000,000).

    

    (4)
      For
      purposes of Sections 3(b)(i)(1), (2) and (3), the determination of the Company's
      pre-tax profit shall be made in accordance with generally accepted accounting
      principles. In case of a dispute as to the amounts of the Company's pre-tax
      profit in any fiscal year, or part thereof, Executive shall have the right
      to
      select an independent auditor to review the Company's books and records, meet
      with the Company's independent auditors and jointly resolve any dispute. In
      the
      event the Executive's auditors and the Company's auditors cannot resolve the
      dispute, the Executive's and the Company's auditors shall select an independent
      auditor to review and decide the amounts of the Company's pre-tax
      profits.

    

    (5)
      Any
      bonus payable to the Executive pursuant to the provisions of this Section 3(b)
      (i) shall be paid no later than the end of the month following the end of the
      month in which pre-tax profit for the appropriate fiscal year has been
      calculated in accordance with the provisions hereof.

    

    (6)
      At
      the sole written election of the Executive, any bonus due shall be paid
      quarterly, at the end of the month following the close of the quarter in which
      the applicable pre-tax profit has been calculated. At the end of the month
      following the close of the fiscal year and finalization of the Company's annual
      pre-tax profit for the fiscal year in which the Executive has elected to receive
      quarterly bonuses, the Company and the Executive shall meet and finalize the
      Executive's total annual bonus. If the Executive had received excess bonus
      compensation, those sums shall be repaid by the Executive to the Company. If
      the
      Executive has additional bonus compensation due her based on the annual pre-tax
      profit, then the Company shall pay the balance due to the
      Executive.

    

    
      
         

      

      
        3

        
          

        

      

      
         

      

    

     

    (ii)
      Other
      Bonuses.
      The
      Executive acknowledges that currently the Company does not have any formal
      bonus
      or similar plan in effect, and the award of any bonuses, other than those set
      forth in Section 3(b)(i), are at the discretion of the Company’s Board of
      Directors. The Executive shall have a merit review on each anniversary of this
      Agreement by the Board of Director of the Company. The awarding of bonuses
      or
      other merit rewards shall be at the sole discretion of the Board of Directors.
      The Executive acknowledges that, other than the bonuses set forth in Section
      3(b)(i), no representation or warranty has been made to her that the Company
      will ever award any bonuses or institute a bonus or similar type of compensation
      plan.

    

    (c)
      Options.
      The
      Executive acknowledges that the Company currently does not have any stock option
      plan in effect or specified number of shares of common stock which may be
      awarded as options or warrants. The award of any stock options is at the
      discretion of the Company’s Board of Directors. The Executive acknowledges that:
      (i) no representation or warranty has been made to her that the Company will
      ever award any stock options or institute a bonus or similar type of
      compensation plan, (ii) she has been advised that any options which the Company
      has issued in the past and which it will issue in the future do not qualify,
      nor
      are they intended to qualify, as Incentive Stock Options under Section 422
      of
      the Internal Revenue Code of 1986, as amended, and no public market currently
      exists for the Company’s options or its common stock and none of the shares
      issuable upon exercise of any options will be registered under the Securities
      Act of 1933, as amended, or under any applicable state securities laws for
      sale
      to the public and there currently is no intention to do so.

    

    4.    Benefits.
      The
      Executive shall receive and participate in all benefits provided to other senior
      executives of similar position in the Company and in BioSafe Medical
      Technologies, Inc., the Company’s affiliate, including medical insurance, which
      insurance shall be paid for by the Company (with co-pays and deductibles to
      be
      paid by the Executive) and coverage effective as of Executive's first day of
      employment.. In addition to the foregoing, the Company shall, at its expense,
      provide the Executive with the following:

    

    (a)
      Expense
      Reimbursements.
      The
      Company shall pay or reimburse the Executive for all reasonable business
      expenses (including, but not limited to, cell phone, car allowance, business
      entertaining and home office expenses, professional association dues and
      continuing education expenses) in accordance with the policies and procedures
      of
      the Company in effect from time to time. 

    

    (b)
      Vacations
      and Sick Time.
      The
      Executive shall be entitled to 20 business days’ paid vacation days per each
      year of the Term. The vacation days shall accrue at the rate of 5 days on the
      last day of each calendar quarter. The Executive shall be entitled to take
      sick
      days in accordance with the Company’s policy. The Executive acknowledges that,
      in accordance with the Company’s policy, the Company will not compensate the
      Executive for any vacation or sick days not used, and neither vacation time
      nor
      sick time, in excess of seven (7) days, not taken in any twelve-month calendar
      period does not carry over to any subsequent period but is forever forfeited.
      .
      The Executive will be entitled to paid Major holidays, as defined by US Labor
      law or by the Company.

    

    
      
         

      

      
        4

        
          

        

      

      
         

      

    

    

    5.    Termination
      of Employment by the Company.

    

    (a)
      For
      Cause.
      The
      Company may immediately terminate the Executive's employment hereunder at any
      time for Cause in accordance with the provisions of this Section 5(a), or upon
      the Total Disability of the Executive in accordance with the provisions of
      Section 2(b). For purposes of this Agreement, “Cause” shall mean the occurrence
      of any one or more of the following:

     

    (i)
      conviction of a felony (through trial or plea) on the part of the
      Executive;

    

    (ii)
      conviction of the Executive of any crime (be it a felony or otherwise) involving
      misuse or misappropriation of money or other property or involving a breach
      of
      trust;

    

    (iii)
      any
      act of dishonesty by the Executive that either is intended to or results in
      her
      substantial and improper personal enrichment at the expense of the Company
      or
      adversely affects the business or financial condition of the
      Company;

    

    (iv)
      the
      willful commission of acts of misconduct that result in injury to the Company
      or
      its assets or business;

    

    (v)
      the
      breach by the Executive of any covenant or agreement under this Agreement and
      her failure to cure such breach (if such breach can be cured) within thirty
      (30)
      days after written notice has been given to the Executive by the
      Company;

    

    (vi)
      any
      failure, neglect or refusal of the Executive to perform any material obligation
      under this Agreement (it being agreed that all of the Executives duties under
      this Agreement are deemed to be material obligations);

    

    (vii)
      any
      violation of any statutory or common law duty of loyalty to the
      Company;

    

    (viii)
      the Executive's habitual intoxication; or

    

    
      (ix)
        the
        Executive's drug addiction.

    

    

    (b) Without
      Cause.
      The
      Company may immediately terminate the Executive’s employment hereunder at any
      time for any reason other than Cause upon not less than thirty days prior
      notice; provided, however, notwithstanding any other provision herein contained
      to the contrary, at any time prior to July 1, 2007, and for any reason or no
      reason whatsoever, the Company may terminate the Executive’s employment
      hereunder without breaching any provision hereof. In the event of Executive's
      termination prior to July 1, 2007, the Company shall pay to the Executive as
      additional compensation for a period of twelve months, commencing on the date
      of
      termination and on the first day of each of the following eleven months the
      sum
      of $8,333.33, less the amount which the Company may be required to withhold
      from
      such payments by applicable federal, state or local laws and
      regulations.

     

    
      
         

      

      
        5

        
          

        

      

      
         

      

    

     

    (c) Change
      in Control.
      If, at
      any time while this Agreement is in force, the Company is sold or otherwise
      experiences a change in control, then she shall immediately vest in all shares
      issued to her. 

    

    (d) Notice
      of Termination.
      Any
      termination by the Company under either of Sections 5(a) or (b) or (c) shall
      be
      communicated by a “Notice of Termination” to the Executive. A “Notice of
      Termination” from the Company means a written notice that indicates the specific
      termination provision in this Agreement relied upon and sets forth the date
      of
      termination.

    6.    Termination
      of Employment by the Executive.
      

    

    (a)
      Termination
      Other Than For Good Reason.
      Executive at her discretion and at any time shall be entitled to terminate
      her
      employment with the Company under this Agreement for other than "Good Reason",
      as defined herein, prior to the expiration of the Term upon thirty (30) days'
      written notice to the Company.

    

    (b)
      Good
      Reason.
      Executive may at any time terminate her employment for Good Reason. For purposes
      of this Agreement, "Good Reason" shall mean, without Executive's written
      consent:

    

    (i)
      the
      assignment to the Executive of duties inconsistent with those of President
      of
      the Company, or a reduction in such duties; 

    

    (ii)
      the
      breach by the Company of any provision of this Agreement where such breach
      has
      not been cured within thirty (30) days from the Company’s receipt of written
      notice from the Executive to cure such breach; or

    

    (iii)
      requiring the Executive to perform, ignore, supervise or otherwise participate
      in illegal, unethical or materially misleading acts.

    

    7.    Effective
      Date of Termination.
      The
      effective date of termination of the Executive’s employment hereunder shall be
      as follows:

     

    (a)
      Termination
      as the result of Death.
      If the
      Executive’s employment is terminated
      by her death, her date of death shall be the date of termination;

    

    (b)
      Termination
      as the result of Disability.
      If the
      Executive’s employment is terminated
      in accordance with the provisions of Section 2(b)(ii), the date of the Company’s
      Notice of Termination sent following the expiration of the ninety (90) day
      period specified in Section 2(b) shall be the date of termination;

    

    
      
         

      

      
        6

        
          

        

      

      
         

      

    

     

    (c)
      Termination
      for Cause.
      If the
      Executive’s employment is terminated by the Company for Cause, the date of the
      Company’s Notice of Termination shall be the date of termination;

    

    (d)
      Other
      Terminations.
      If the
      Executive’s employment is terminated pursuant the provisions of Sections 5(b) or
      (c) or 6, the date of termination shall be the date specified in the Notice
      of
      Termination given in accordance with the provisions of this Agreement. If the
      Executive’s employment is terminated pursuant to the provisions of Section
      11(a), the date of termination shall be the date of the attempted
      assignment.

    

    8.    Obligations
      and Rights of the Company and the Executive Upon Termination.
      

    

    (a)
      If
      termination of this Agreement is by either the Company or the Executive prior
      to
      July 1, 2007 or thereafter if termination is by the Company for Cause, as result
      of the Executive’s Total Disability, death or retirement or if the Executive
      terminates the Agreement for other than Good Reason, the only compensation
      of
      any kind or nature that the Executive shall be entitled to receive following
      such termination shall be such compensation earned by the Executive prior to
      the
      date of termination and which is then unpaid. 

    

    (b)
      Subsequent to July 1, 2007, if termination is by the Company for any reason
      other than Cause or by the Executive for Good Reason, then and only in such
      event, commencing with the last day of the month following the month in which
      termination of the Executive’s employment with the Company occurs and on the
      last day of each month thereafter for eleven (11) consecutive calendar months,
      the Executive will be entitled to receive one-twelfth (1/12) of her Base Salary
      on the date of termination, less amounts which the Company may be required
      to
      withhold from such payments by applicable federal, state or local laws and
      regulations. For purposes of clarity, it is agreed and understood that
      notwithstanding the foregoing provisions of this Section 8(b), the Executive
      is
      not entitled to any payment pursuant to the provisions of this Section 8(b)
      in
      the event this Agreement is terminated for Cause or as a as result of the
      Executive’s Total Disability, death or retirement.

    

    (c)
      If
      the Company does not renew the Term of this Agreement following the expiration
      of the initial Term and this Agreement has not been earlier terminated by the
      Executive or by the Company for Cause or as a result of the Executive’s Total
      Disability or death, then, commencing April 1, 2010 and on the first day of
      each
      succeeding month through and including March 1, 2011, the Company shall pay
      to
      the Executive as additional compensation, $8,333.33, less amounts which the
      Company may be required to withhold from such payments by applicable federal,
      state or local laws and regulations. 

     

    9.    Options.

    

    (a)
      Grant
      of Options.

    

    
      
         

      

      
        7

        
          

        

      

      
         

      

    

     

    (i)
      In
      consideration of the Executive's employment with the Company the Company hereby
      grants to the Executive non-qualified options to purchase an aggregate of
      500,000 shares of the Company's Common Stock, $.001 par value ("Common Stock")
      for $.36 per share. Options to purchase an aggregate of 200,000 shares of Common
      Stock shall be vested immediately upon execution of this Agreement, and options
      to purchase an additional 100,000 shares of Common Stock shall vest on each
      of
      the following dates: March 1, 2008, March 1, 2009 and March 1, 2010. Upon
      vesting, such options may be exercised until the earlier of (i) March 1, 2010,
      or (ii) 90 days after termination of the Executive's employment by the Company
      for any reason. The Company shall deliver to the Executive a certificate
      evidencing the foregoing options. 

    

    (ii)
      If
      this Agreement and the Term thereof is continued for one Renewal Term following
      the expiration of the Initial Term, then, on the first day of such Renewal
      Term,
      the Company shall grant to the Executive options to purchase an additional
      one
      hundred thousand (100,000) shares of the Company’s Common Stock for a five-year
      term. Such options shall be fully vested upon grant and the option exercise
      price shall be the fair market value of the Common Stock on the last trading
      day
      preceding the date of grant. 

    

    (ii)
      Any
      income tax payable by the Executive as a result of the granting of the Company’s
      Common Stock to her pursuant to the provisions of this Section shall be the
      sole
      responsibility of the Executive.

    

    (iii)
      The
      exercise price and number of shares of Common Stock issuable upon exercise
      of
      the options granted pursuant to Sections 9(a)(i) and 9(a)(ii) shall be
      appropriately adjusted for the effect of stock dividends and stock
      splits.

    

       (b)
      Securities
      Law Compliance.
      The
      Executive understands that: neither the grant of the options granted under
      Section 9(a) (the “Options”) nor the issuance of the shares of Common Stock
      underlying such Options (the “Option Shares”) have been registered under the
      Securities Act of 1933, as amended (the “Act”) nor the securities laws of any
      state, based upon exemptions from such registration requirements for non-public
      offerings pursuant to Section 4(2) and other applicable sections and regulations
      under the Act and applicable state laws; the Options and the Option Shares
      are
      or will be “restricted securities”, as that term is defined in Rule 144 of the
      Rules and Regulations promulgated under the Act; the Options and the Option
      Shares may not be re-sold or otherwise transferred unless they have been first
      registered under the Act and all applicable state securities laws, or unless
      an
      exemption from such registration provisions is available with respect to said
      resale or transfer; there is no public market for the Options nor the Option
      Shares and there can be no assurance, and it is highly unlikely, that such
      a
      market will ever develop in the future; the Company is under no obligation,
      and
      currently has no plans, to register the Options or the Option Shares under
      the
      Act or any state securities laws, or to take any action to make any exemption
      from any such registration provisions available; stop transfer instructions
      will
      be placed on the records of the Company or with the transfer agent for the
      Options and the Option Shares; and it may not be possible to liquidate the
      Executive’s investment and she may have to bear the financial risk of an
      investment in the Option Shares , and is prepared to hold them, for an
      indefinite period of time.

    

    
      
         

      

      
        8

        
          

        

      

      
         

      

    

     

    (c)
      Representations
      and Warranties of the Executive.
      The
      Executive represents and warrants that the following are true and correct and
      will be true and correct at any time that she is awarded Options or purchases
      Option Shares. The Executive represents and warrants if there is any change
      in
      any of the following representations and warranties at any time immediately
      prior to the time that she is awarded Options and at any time immediately prior
      to the time that she may purchase Option Shares, she will immediately advise
      the
      Company in writing:

    

    (i)
      The
      Executive is acquiring the Option Shares solely for her account and not as
      a
      nominee or agent, for investment purposes only and not with a view towards
      the
      resale or distribution of all or any part thereof, and she does not have any
      reason to anticipate any change in her circumstances which would cause her
      to
      sell the Option Shares. The Executive has not offered or sold the Option Shares,
      does not have in mind the sale of either the Options or the Option Shares either
      currently or after the passage of a fixed or determinable period of time or
      upon
      the occurrence or non-occurrence of any predetermined event or circumstance,
      has
      no present or contemplated agreement, undertaking, arrangement, obligation,
      indebtedness or commitment provided for or which is likely to compel a
      disposition of the Options or the Option Shares, and she is not aware of any
      circumstance presently in existence which is likely in the future to promote
      or
      require a disposition of the Granted Shares or the Purchased
      Shares.

    

    (ii)
      The
      Executive has had a reasonable opportunity to ask questions of and receive
      answers from the Chief Executive Officer of BioSafe Medical Technologies, Inc.,
      the Company’s affiliate, concerning the Company and its affairs, and all such
      questions, if any, have been answered to the full satisfaction of the Executive.
      The Executive understands that no United States federal or state agency has
      approved, disapproved or recommended the Company’s Common Stock, nor has any
      United States federal or state agency passed upon the fairness or suitability
      of
      an investment in the Option Shares.

    

    (iii)
      The
      Executive is an “accredited investor” as that term is defined in paragraph (a)
      of Rule 501 under the Act. Accordingly, the Executive has such knowledge and
      expertise in financial and business matters that she is capable of evaluating
      the merits and risks involved in an investment in the Option Shares, which
      she
      acknowledges are a highly speculative investment involving a high degree of
      risk
      such that she could lose her entire investment. The Executive is relying upon
      either her own expertise or the advice of her advisors with respect to the
      tax
      or other economic considerations of an investment in the Option Shares and
      not
      on the advice of the Company or any agent of the Company. 

    

    (iv)
      The
      Executive will not sell or otherwise transfer any of the Options or the Option
      Shares, or any interest therein, unless and until such Options or Option Shares
      shall have first been registered under the Act and all applicable state
      securities laws, or she shall have first delivered to the Company a written
      opinion of counsel (which counsel and opinion, in form and substance, shall
      be
      satisfactory to the Company), to the effect that the proposed sale or transfer
      is exempt from the registration provisions of the Act and all applicable state
      securities laws, and the Executive agrees to resell such securities only
      pursuant to registration under the Act, or pursuant to an available exemption
      from registration (and agrees not to engage in hedging transactions with regard
      to such securities unless in compliance with the Act).

     

    
      
         

      

      
        9

        
          

        

      

      
         

      

    

     

    (d)
      Restrictive
      Legends.
      Upon
      delivery of the Options or the Option Shares, the Company shall issue a
      certificate in the name of the Executive evidencing the number of Options or
      Option Shares then granted or purchased. The option or stock certificates issued
      to the Executive will be endorsed with one or more of the following restrictive
      legends, and any other legend required to be placed thereon by applicable state
      law:

    

    “The
      securities represented by this certificate have not been registered under the
      securities act of 1933 (the “Act”) or any state securities law. No transfer or
      sale of these securities, or any interest therein, may be made except in
      connection with an effective registration statement under the Act or unless
      the
      issuer has received an opinion of counsel satisfactory to it that such transfer
      or sale does not require registration under the act.”

    

    “The
      shares represented by this certificate are subject to certain forfeiture and
      repurchase rights by the Company and accordingly may not be sold, assigned,
      transferred, encumbered or in any manner or way disposed of except in conformity
      with the terms and provisions of a written agreement dated March 1, 2007, by
      and
      between the registered holder of the shares (or the predecessor in interest
      to
      the shares) and the Company. A copy of such agreement is maintained at the
      Company’s principal corporate offices.”

    

    (g)
      Piggyback
      Sale Rights.
      If at
      any time, or from time to time, prior to the termination, or expiration of,
      the
      Term of this Agreement any shares of the Company’s Common Stock are offered for
      sale in an initial public offering, the Executive shall have the right to offer
      for sale in such public offering, on the same terms and conditions as in such
      public offering, such number of shares then owned by the Executive as the lead
      underwriter in such offering, or if there is no underwriter, as the Company,
      may
      allow.

    

    (h)
      Special
      Tax Election.
      If the
      Executive intends to file an election under Internal Revenue Code Section 83(b)
      within the applicable period to be taxed according to its provisions, the
      Executive acknowledges that it is her sole responsibility and not the Company’s
      to file a timely election under such section.

    

    10.    Covenants
      of the Executive.

     

    (a)
      Confidentiality.
      The
      Executive agrees that, during and after her employment hereunder, Executive
      will
      not, without the prior written consent of the Company, communicate, disclose
      or
      use for her personal benefit or that of any other person, any of the Company's
      trade secrets or other confidential information, including financial
      information, sales lists, identity of customers, pricing and other similar
      information. The preceding sentence shall not apply to any information that
      has
      become publicly available through no fault of the Executive or to any
      information that the Executive may be required to disclose under any applicable
      law or legal process. Further, the Executive agrees that, during the Term of
      this Agreement, she shall not, directly or indirectly, remove or retain, without
      the express written consent of the Board of Directors of the Company, and upon
      termination of this Agreement for any reason the Executive shall return to
      the
      Company, any Company property, figures, calculations, letters, papers, records,
      computer disks, computers, computer print-outs, lists, documents, instruments,
      drawings, designs, programs, brochures, sales literature, or any copies or
      memoranda thereof, or any information or instruments derived therefrom, or
      any
      other information of any type or description, however such information might
      have been obtained or recorded, arising out of or in any way whatsoever relating
      to the business of the Company or obtained as a result of the Executive’s
      employment by the Company. The Executive acknowledges that all of the foregoing
      are proprietary information and are the exclusive property of the
      Company.

    

    
      
         

      

      
        10

        
          

        

      

      
         

      

    

     

    (b)
      Covenant
      Not to Compete.
      The
      Executive represents that she desires employment with the Company and that
      as a
      result of such employment by the Company she will become familiar and possess
      valuable and proprietary information and knowledge as to the manner and method
      by which the Company renders its services and sells its products. In addition,
      the Executive acknowledges she will further become personally acquainted with
      the customers doing business with the Company. The Company has a constant
      expectation of continuing to provide services and products to its customers,
      and
      the Executive acknowledges that the Company would suffer great loss and damage
      if the Executive should compete with the Company in any manner or way whatsoever
      either during or following her employment with the Company. The Executive
      further recognizes and acknowledges that it would be difficult, if not
      impossible, to compute the amount of any such loss or damage to the Company,
      and
      that an action at law to compensate the Company for such loss or damage would
      be
      speculative and, therefore, inadequate for the reasonable protection of the
      Company. Accordingly, the Executive acknowledges that the Company may be without
      an adequate remedy at law in the event the Executive violates any of the
      covenants contained herein. The Executive acknowledges that the Company would
      not have employed her without her agreeing to the covenants and conditions
      of
      this Agreement, all of which are in consideration of her employment and which
      she acknowledges and agrees are reasonable and necessary for the protection
      of
      the Company. Accordingly, the Executive agrees that she will not, during her
      employment hereunder and for a period of one (1) year thereafter, whether as
      an
      officer, employee, director, shareholder or otherwise, directly or
      indirectly:

    

    (i)
      participate or engage in any manner or way in any business activity which is
      in
      direct competition with the Company’s business as of the effective date of her
      termination;

    (ii)
      solicit, contact, interfere with or divert to another entity or person any
      customer of the Company or any of its affiliates on the date of Executive’s
      termination; 

    

    (iii)
      solicit any person then employed by the Company or any of its affiliates on
      the
      date of Executive’s termination of employment to terminate such employee’s
      employment relationship with the Company or any of its affiliates or otherwise
      interfere with the relationship of such employee and the Company or any of
      its
      affiliates; or

    

    
      
         

      

      
        11

        
          

        

      

      
         

      

    

     

    (iv)
      disparage any of the products, services or officers, directors or employees
      of
      the Company or any of its affiliates. Further, the officers and directors of
      the
      Company and any of its affiliates shall not disparage the Executive, either
      directly or indirectly and they shall use their best efforts to ensure that
      the
      Company's and its affiliates' employees shall not disparage the Executive,
      either directly or indirectly. 

    

    The
      foregoing covenant shall not prevent the Executive from owning stock or other
      securities of a direct competitor whose securities are publicly traded
      consisting of less than one (1%) percent of the value of all of the outstanding
      voting stock and voting securities of such corporation; provided, however,
      that
      notwithstanding the foregoing provisions of this Section 10(b) to the contrary,
      if this Agreement is terminated by the Company without Cause, or by the Employee
      for Good Reason, then, and only in such event, the foregoing provisions of
      this
      Section 10, including Sections 10(b)(1) through (4), inclusive, shall not be
      applicable from and after the date of termination of this Agreement. Executive
      shall not be bound by this paragraph 10 (b) until the one hundred twenty first
      day of her employment.

    

    (c)
      Acknowledgment.
      The
      Executive acknowledges that the restrictions set forth in this Section 10 are
      essential to the preservation of the Company’s business and proprietary
      properties and that the enforcement thereof will not in any manner or way
      whatsoever preclude the Executive, in the event of the Executive’s termination
      of employment with the Company, from becoming gainfully employed in such manner
      and to such extent as to provide a standard of living for herself, the members
      of her family and those dependent upon her of at least the sort and fashion
      to
      which she and they have become accustomed and may expect. The Executive further
      acknowledges that the terms and conditions of this Section 10 are reasonable
      and
      necessary for the protection of the Company and agrees that the restraints
      imposed are fair and reasonable as to time and scope and are not
      oppressive.

    

    (d)
      Injunction
      and Severability.
      In the
      event of a breach or a threat of a breach of the Executive of the provisions
      of
      this Section 10, the Executive acknowledges and agrees that legal remedies
      cannot fully protect the Company’s interests. Accordingly, the Executive agrees
      not to challenge or contest the Company requesting the remedy of specific
      performance and further agrees that the Company shall be entitled to injunctive
      relief, including temporary restraining orders, preliminary injunctions and
      permanent injunctions to enforce these provisions, all without being required
      to
      post any bond. This provision with respect to specific performance and
      injunctive relief shall not be deemed to be the exclusive remedy for a breach
      of
      this Agreement, and shall be in addition to any and all legal and equitable
      remedies available to the Company, and shall not, in any manner or way
      whatsoever, diminish the Company’s right to claim and recover damages or prevent
      the Company from seeking any remedy at law or in equity.

    

    (e)
      Independent
      Covenants.
      The
      covenants of the Executive contained in this Section 10 shall each be construed
      as an agreement independent of any other provision in this Agreement. The
      existence of any claim or cause of action of the Executive against the Company,
      whether predicated on this Agreement or otherwise, shall not constitute a
      defense to the enforcement by the Company of any of such covenants. Both the
      Company and the Executive hereby expressly agree and contract that it is not
      the
      intention of either party to violate any public policy or statutory or common
      law. Accordingly, if any sentence, paragraph, clause or combination of the
      same
      of this Section 10 is in violation of the law, such sentence, paragraph, clause
      or combination of the same shall be void, and the remainder of such paragraph
      and this Section 10 shall remain binding on the parties to make the covenants
      of
      this Section 10 binding only to the extent that it may be lawfully done. In
      the
      event any part of any covenant of this Section 10 is determined by a court
      of
      law to be overly broad thereby making the covenant unenforceable, the parties
      hereto agree, and it is their desire, that such court shall substitute a
      judicially enforceable limitation in its place, and that as so modified the
      covenant shall be binding upon the parties as if originally set forth
      herein.

    

    
      
         

      

      
        12

        
          

        

      

      
         

      

    

     

    (f)
      Duration.
      The
      obligations of the Executive under this Section 10 shall survive the termination
      of this Agreement.

    

    11.    Miscellaneous.

    

    (a)
      Assignment.
      This
      Agreement shall not be assigned by the Executive without the prior written
      consent of the Company. Any attempted assignment without such written consent
      shall be null and void and without legal effect and shall cause the immediate
      termination of this Agreement. 

    

    (b)
      Amendment.
      No
      provision of this Agreement may be modified, waived or discharged unless such
      waiver, modification or discharge is agreed to in writing signed by the parties
      hereto.

    

    (c)
      Entire
      Agreement.
      No
      agreements or representations, oral or otherwise, expressed or implied with
      respect to the subject matter hereof have been made by either party which are
      not set forth in this Agreement. This Agreement constitutes the entire and
      only
      agreement between the Executive and the Company with respect to the subject
      matter hereof and which will govern Executive’s employment with the Company.
      This Agreement supersedes any prior understandings, agreements or
      representations, written or oral, by or between the Executive and the Company
      to
      the extent they related in any way to the subject matter hereof.

    

    (d)
      Governing
      Law.
      The
      validity, interpretation, construction and performance of this Agreement shall
      be governed by the laws of the State of Illinois applicable to contracts made
      and performed in such state, without regard to any rules or principles of
      conflict of laws.

    (e)
      Headings.
      The
      captions and headings in this Agreement are intended for convenience only,
      are
      not part of the provisions hereof and shall have no force or
      effect.

    

    (f)
      Counterparts.
      This
      Agreement may be executed in two or more counterparts, each of which shall
      be
      deemed an original but all of which together will constitute one and the same
      instrument, and shall become binding when one or more counterparts have been
      signed and delivered to each of the Company and the Executive. In making proof
      of this Agreement, it shall not be necessary to produce or account for more
      than
      one counterpart signed by each party hereto.

    

    
      
         

      

      
        13

        
          

        

      

      
         

      

    

     

    (g)
      Notices.
      All
      notices or other communications required or permitted hereunder shall be in
      writing and shall be deemed given, delivered and received: (i) when delivered,
      if delivered personally, (ii) upon the first to occur of actual delivery and
      four days after mailing, when sent by registered or certified mail, return
      receipt requested and postage prepaid, (iii) the next business day after
      delivery to a private courier service when delivered to a private courier
      service providing documented overnight service, and (iv) on the date of delivery
      if delivered by facsimile transmission, receipt confirmed, provided that a
      confirmation copy is sent on the next business day by registered or certified
      mail, return receipt requested and postage prepaid, in each case addressed
      to
      the party to whom the notice is to be given at the party’s respective address
      set forth above, or to such other address as the recipient party may indicate
      by
      a notice delivered to the sending party (such change of address notice to be
      deemed given, delivered and received only upon actual receipt thereof by the
      recipient of such notice).

    

    (h)
      Jurisdiction
      and Venue.
      Any and
      all suits for any and every breach of this Agreement shall be instituted and
      maintained in any court of competent jurisdiction in Cook County, Illinois,
      and
      the parties hereto consent to, and waive any objection that they may have to,
      the jurisdiction and venue of such court.

    

    (i)
      Binding
      Effect.
      This
      Agreement shall be binding upon and inure to the benefit of the Company, its
      successors and assigns and to the Executive and her heirs, executors,
      administrators, legal representatives and permitted assigns. 

    

    (j)
      Pronouns
      and Numbers.
      Whenever from the context it appears appropriate, each term stated in either
      the
      singular or the plural shall include the singular and the plural, and pronouns
      stated in either the masculine, the feminine or the neuter gender shall include
      the masculine, feminine and neuter gender. The words “and” and “or” shall be
      construed either disjunctively or conjunctively, as necessary to bring within
      the scope of the provisions hereof any matter which otherwise might be construed
      to be outside such scope. “Including” shall mean “including but not limited
      to”.

    

    (k)
      No
      Strict Construction.
      Each of
      the Company and the Executive has been involved in drafting the provisions
      of
      this Agreement. Accordingly, language used in this Agreement will be deemed
      to
      be the language chosen by the parties to express their mutual intent and no
      rule
      of strict construction will be applied against either party.

    (l)
      Severability.
      If any
      provision of this Agreement or any part hereof or application hereof to any
      person or circumstance shall be finally determined by a court of competent
      jurisdiction to be invalid or unenforceable to any extent, the remainder of
      this
      Agreement, or the remainder of such provision or the application of such
      provision to persons or circumstances other than those as to which it has been
      held invalid or unenforceable, shall not be affected thereby and each provision
      of this Agreement shall remain in full force and effect to the fullest extent
      permitted by law. The parties also agree that, if any portion of this Agreement,
      or any part hereof or application hereof, to any person or circumstance shall
      be
      finally determined by a court of competent jurisdiction to be invalid or
      unenforceable to any extent, any court may so modify the objectionable
      provision.

    

    
      
         

      

      
        14

        
          

        

      

      
         

      

    

     

    (m)
      Waiver.
      No
      failure by either party to exercise any of such party's rights hereunder or
      to
      insist upon strict compliance with respect to any obligation hereunder, and
      no
      custom or practice of the parties at variance with the terms hereof, shall
      constitute a waiver by either party to demand exact compliance with the terms
      hereof. Waiver by either party of any particular default by the other party
      shall not affect or impair such party's rights in respect to any subsequent
      default of the same or a different nature, nor shall any delay or omission
      of
      either party to exercise any rights arising from any default by the other party
      affect or impair such party's rights as to such default or any subsequent
      default.

    

    (n)
      Representation
      of Each Party.
      Each of
      the Executive and the Company has consulted with an attorney of her and its
      own
      choosing before signing this Agreement. Each of the parties affirms that such
      party has carefully read and fully understands each provision of this Agreement,
      has had the opportunity to ask questions of and have it explained by her and
      its
      attorney. 

    

    (o)
      Expenses.
      Each of
      the parties to this Agreement will pay all of their own costs and expenses
      incident to the negotiation and preparation of this Agreement, including the
      fees, expenses and disbursements of its counsel.

    

    (p)
      Attorneys’
      Fees and Costs.
      In
      addition to any other relief awarded, the prevailing party in any action arising
      out of this Agreement is entitled to an award of reasonable attorneys’ fees,
      costs and expenses incurred by such prevailing party.

    

    IN
      WITNESS WHEREOF,
      the
      Company and the Executive have caused this Employment Agreement to be duly
      executed as of the day and year first written above.

     

    
      	Lab123,
              INC.	 	 	 
	 	 	 	 	 
	 	 	 	 	 
	By: 	/s/ Henry
              Warner	 	 	 
	 	
              
Henry
              Warner, Chairman of the Board	 	 	
            
	 	 	 	 	 
	 	 	 	 	 
	 	/s/ Mary Rodino	 	 	 
	 	
              
Mary
              Rodino	 	 	 

    

     

    
      
         

      

        15

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00116-of-00352.parquet"}]]