Document:

EXHIBIT 10.4

                              EMPLOYMENT AGREEMENT

     EMPLOYMENT AGREEMENT (this "Agreement"), entered into as of January 1,
2003, between EVCI Career Colleges Incorporated a Delaware corporation ("EVCI"),
and Richard Goldenberg ("Executive").

     In consideration of the mutual covenants contained herein, and for other
good and valuable consideration, the receipt and sufficiency of which are hereby
acknowledged, the parties hereto agree as follows:

     1.   EMPLOYMENT; DUTIES.

          1.1 EVCI hereby employs Executive as its Chief Financial Officer. In
such capacity, Executive shall report directly to EVCI's Chief Executive Officer
and Board of Directors ("Board"). Executive agrees to serve on EVCI's Board if
elected and also to serve on the Board of Directors ("Interboro's Board") and as
Chief Financial Officer of Interboro Institute, Inc. ("Interboro"), if elected
by Interboro's Board.

          1.2 Executive agrees to perform and discharge such duties and
responsibilities as are prescribed from time-to-time by the Board (and by
Interboro's Board if elected Chief Financial Officer of Interboro) and as are
appropriate for chief financial officers of corporations with the financial,
personnel and other resources that are similar to that of EVCI and Interboro.
Executive shall devote his full business time to, and shall use his best efforts
in, the performance of such duties and responsibilities.

     2.   COMPENSATION.

          For his services pursuant to this Agreement, EVCI will pay Executive a
salary at the annual rate of $175,000 ("Salary").

     3.   EMPLOYMENT TERM. The term of Executive's employment (the "Employment
Term") will commence as of the date first written above and, unless sooner
terminated as provided in Section 5, will end on December 31, 2005.

     4.   BENEFITS, PAYMENTS AND WITHHOLDING.

          4.1 Executive will be entitled to vacation, holidays and sick days in
accordance with EVCI's policy, during which Executive will be entitled to the
full compensation and Benefits (as defined in Section 4.2) otherwise payable
hereunder.

          4.2 Executive may participate, on the same basis and subject to the
same qualifications as other executive personnel of EVCI, in any pension, profit
sharing, life insurance, health insurance, hospitalization, dental, drug
prescription, disability, accidental death or dismemberment and other benefit
plans and policies EVCI provides with respect to its executive personnel
(collectively, the "Benefits").

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          4.3 EVCI will pay or promptly reimburse Executive, in accordance with
EVCI's normal policies and procedures for its executive personnel, for all
allowances and expenses provided for hereunder and for all reasonable
out-of-pocket business, entertainment and travel expenses incurred by Executive
in the performance of his duties hereunder.

          4.4 EVCI will pay the Salary at the semimonthly rate of $7,291.66 and
may withhold from the Salary, the Benefits and any other compensation provided
to Executive hereunder, all Federal, state and local income, employment and
other taxes, as and in such amounts as may be required to be withheld under
applicable law.

     5.   TERMINATION AND SEVERANCE BENEFITS.

          5.1 TERMINATION BY EVCI AND RESIGNATION BY EXECUTIVE. EVCI's Chief
Executive Officer or the Board may terminate Executive's employment with EVCI,
with or without Cause (as defined in Section 5.5). Termination with Cause shall
be effective immediately and termination without Cause shall be effective upon
30 days prior written notice to Executive. Executive may voluntarily resign his
employment with EVCI, with Good Reason (as defined in Section 5.5), upon 30 days
prior written notice to EVCI.

          5.2 COMPENSATION UPON TERMINATION WITHOUT CAUSE OR UPON RESIGNATION
WITH GOOD REASON. If EVCI's Chief Executive Officer or the Board terminates
Executive's employment hereunder for any reason other than Cause or Executive's
death or Permanent Disability (as defined in Section 5.5), or if Executive
voluntarily resigns his employment with EVCI with Good Reason (the effective
date of the first to occur of such termination or his resignation being the
"Termination Date"), then (a) Executive shall be entitled to receive (i) the
Salary and Benefits accrued prior to the Termination Date and (ii) payment or
reimbursement of any expenses, provided for under Section 4.3, that were
incurred by Executive prior to the Termination Date and (b) after the
Termination Date, EVCI will also continue (i) to pay the Salary, in equal
semimonthly payments, to Executive for the unexpired portion of the Employment
Term and (ii) continue for Executive and his spouse and dependent children the
health insurance coverage and medical and dental reimbursement referred to in
Section 4.2 for six months after the Termination Date. Executive shall be under
no duty to seek other employment following termination but any amounts earned by
him in connection with such other employment shall reduce and offset the amounts
otherwise owing hereunder.

          5.3 COMPENSATION UPON RESIGNATION WITHOUT GOOD REASON OR UPON
TERMINATION FOR CAUSE. If Executive breaches this Agreement by voluntarily
resigning his employment with EVCI without Good Reason or Executive's employment
is terminated by EVCI's Chief Executive Officer or the Board for Cause, then
Executive shall only be entitled to receive, except as otherwise required by
law, the Salary and Benefits accrued prior to the effective date of the first to
occur of his resignation or such termination, and reimbursement of any expenses,
provided for under Section 4.3, that were incurred by Executive prior to the
effective date of his resignation or such termination of his employment. Nothing
in this Section 5.3 shall create any implication that EVCI is waiving any remedy
EVCI may have for breach by Executive of this Agreement.

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          5.4 COMPENSATION UPON DEATH OR PERMANENT DISABILITY. If Executive dies
or suffers a Permanent Disability, then EVCI will (i) promptly pay Executive or
his estate, in one lump sum, three months' Salary and (ii) continue for
Executive's spouse and dependent children (if Executive has died) and for
Executive and his spouse and dependent children (if Executive suffers a
Permanent Disability), all of the Benefits that they were receiving at the time
of his death or Permanent Disability, for six months after Executive's death or
Permanent Disability.

          5.5 DEFINITIONS.

          "Cause." For purposes of this Agreement, EVCI shall have "Cause" to
terminate the Employment Term upon (i) the determination by EVCI's Chief
Executive Officer or the Board, in either of their sole discretions, that
Executive has not been performing his duties hereunder in an appropriate or
sufficiently competent manner (other than as a result of his incapacity due to
physical or mental incapacity) or (ii) Executive's conviction of a felony.

          "Good Reason" means (i) a breach by EVCI of any of its material
agreements contained herein and the continuation of such breach for ten business
days after notice thereof is given to EVCI or (ii) as a result of action taken
by the Chief Executive Officer or the Board, the assignment to Executive of any
duties inconsistent with the Executive's status as the Chief Financial Officer
of EVCI or a substantial adverse alteration in the nature or status of
Executive's responsibilities. Good Reason does not include the death or
Permanent Disability of Executive.

          "Permanent Disability" means the inability of Executive to perform his
duties hereunder, as a result of any physical or mental incapacity, for 30
consecutive days or 60 days during any twelve month period, as determined by the
Board.

     6.   COVENANTS NOT TO COMPETE.

          6.1 Executive agrees that for 18 months following termination of his
employment with EVCI he will not, without EVCI's prior written approval, engage
in any business activities that are competitive with any of the business
activities then being conducted by EVCI within 75 miles of any college, school
or office operated by EVCI.

          6.2 During the 18 months following termination of his employment with
EVCI, Executive shall not without the permission of EVCI, directly or
indirectly, hire any employee of EVCI, or solicit or induce, or authorize any
other person to solicit or induce, any employee of EVCI to leave such employ
during the period of such employee's employment with EVCI or within six-months
following such employee's termination of employment with EVCI.

          6.3 Sections 6.1 and 6.2 shall not apply to a termination of
Executive's employment pursuant to Section 5.2.

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     7. COVENANT REGARDING CONFIDENTIALITY. All confidential information about
the business and affairs of EVCI (including, without limitation, its secrets and
information about its services, methods, business plans, technology and
advertising programs and plans) constitutes "EVCI Confidential Information."
Executive acknowledges that he will have access to, and knowledge of, EVCI
Confidential Information, and that improper use or disclosure of EVCI
Confidential Information by Executive, whether during or after the termination
of his employment by EVCI, could cause serious injury to the business of EVCI.
Accordingly, Executive agrees that he will forever keep secret and inviolate all
EVCI Confidential Information which has or shall come into his possession and
that he will not use the same for his own private benefit or directly or
indirectly for the benefit of others, and that he will not discuss EVCI
Confidential Information with any other person or organization, all for so long
as EVCI Confidential Information is not generally known by, or accessible to,
the public.

     8.   GENERAL.

          8.1 This Agreement will be construed, interpreted and governed by the
laws of the State of New York, without regard to the conflicts of law rules
thereof.

          8.2 The provisions set forth in Sections 6 and 7 shall survive
termination of this Agreement. All reference to EVCI in Sections 6 and 7 include
EVCI's subsidiaries and other affiliates, if any.

          8.3 This Agreement will extend to and be binding upon Executive, his
legal representatives, heirs and distributees, and upon EVCI, its successors and
assigns regardless of any change in the business structure of EVCI, be it
through spinoffs merger, sale of stock, sale of assets or any other transaction.
However, this Agreement is a personal services contract and, as such, Executive
may not assign any of his duties or obligations hereunder.

          8.4 This Agreement constitutes the entire agreement of the parties
with respect to the subject matter hereof. No waiver, modification or change of
any of the provisions of this Agreement will be valid unless in writing and
signed by both parties. Any and all prior agreements between the parties written
or oral relating to Executive's employment by EVCI are of no further force or
effect.

          8.5 The waiver of any breach of any duty, term or condition of this
Agreement shall not be deemed to constitute a waiver of any preceding or
succeeding breach of the same or any other duty, term or condition of this
Agreement. If any provision of this Agreement is unenforceable in any
jurisdiction in accordance with its terms, the provision shall be enforceable to
the fullest extent permitted in that jurisdiction and shall continue to be
enforceable in accordance with its terms in any other jurisdiction.

          8.6 All notices pursuant to this Agreement shall be in writing and
delivered personally receipt acknowledged (which shall include Federal Express,
Express Mail or similar service) or sent by certified mail, return receipt
requested, addressed to the parties hereto and shall be deemed given upon
receipt, if delivered personally, and three days after mailing, if mailed,
unless received earlier. Notices shall be addressed and sent to EVCI at its
principal executive office and to Executive at his home address as it appears in
EVCI's personnel records.

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          8.7 The parties agree that, in the event of any breach or violation of
this Agreement, such breach of violation will result in immediate and
irreparable injury and harm to the innocent party, who shall be entitled to the
remedies of injunction and specific performance or either of such remedies, if
available, as well as all other legal or equitable remedies, if available, plus
reasonable attorneys fees and costs incurred in obtaining any such relief.

          8.8 The Section headings contained in this Agreement are for
convenience of reference only and shall not be used in construing this
Agreement.

          8.9 This Agreement may be executed in counterparts, each of which will
be deemed an original but all of which will together constitute one and the same
agreement.

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

                                  EVCI CAREER COLLEGES INCORPORATED

                                  By:      /S/ JOHN J. MCGRATH, PH.D.
                                           -------------------------------------
                                  Name:    John J. McGrath, Ph.D.
                                  Title:   Chief Executive Officer and President

                                  /S/ RICHARD GOLDENBERG
                                  ----------------------------------------------
                                  Richard Goldenberg

                                       5EXHIBIT 10.7

                       FORM OF CHANGE IN CONTROL AGREEMENT

          THIS AGREEMENT dated February 11 , 2003, is made by and between EVCI
Career Colleges Incorporated, a Delaware Corporation (the "Company"), and
______________________________________________________ ("Executive").

                  WHEREAS, the Board of Directors of the Company (the "Board")
         recognizes that, as is the case with many publicly held corporations,
         the possibility of a Change in Control (as defined in the last Section
         hereof) exists and that such possibility, and the resultant
         uncertainty, may result in the departure or distraction of the
         Executive to the detriment of the Company and its stockholders; and

                  WHEREAS, the Board has determined that appropriate steps
         should be taken to encourage the continued attention and dedication of
         the Executive to his assigned duties without distraction in the face of
         potentially disrupting circumstances arising from the possibility of a
         Change in Control;

                  NOW, THEREFORE, in consideration of the premises and the
         mutual covenants herein contained and other good and valuable
         consideration, the Company and the Executive hereby agree as follows:

1.0 DEFINED TERMS. Capitalized terms used in this Agreement are defined in the
last Section hereof.

2.0 TERM OF AGREEMENT. This Agreement shall commence on the date hereof and
shall continue in effect through December 31, 2005; provided, however, that
commencing on January 1, 2005, and each January 1st thereafter, the term of this
Agreement shall automatically be extended for one additional year unless, not
later than June 30th immediately preceding that January 1st, the Company or the
Executive shall have given notice not to extend this Agreement or a Change in
Control shall have occurred prior to such June 30th; provided, however, if a
Change in Control shall have occurred during the term of this Agreement, this
Agreement shall continue in effect for a period of not less than thirty-six (36)
months beyond the date such Change in Control occurred.

3.0 COMPANY'S COVENANT'S SUMMARIZED. In order to induce the Executive to remain
in the employ of the Company and in consideration of the Executive's covenants
set forth in Section 4.0 hereof, the Company agrees, under the conditions
described herein, to pay the Executive the "Severance Payments" described in
Section 6.1 hereof and the other payments and benefits described herein in the
event the Executive's employment with the Company is terminated following a
Change in Control and during the term of this Agreement. No amount or benefit

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shall be payable under this Agreement unless there shall have been (or, under
the terms hereof, there shall be deemed to have been) a termination of the
Executive's employment with the Company following a Change in Control. This
Agreement shall not be construed as creating an express or implied contract of
employment prior to the date of a Change in Control and, except as otherwise
agreed in writing between the Executive and the Company, the Executive shall not
have any right to be retained in the employ of the Company.

4.0 THE EXECUTIVE'S COVENANTS. The Executive agrees that, subject to the terms
and conditions of this Agreement, in the event of a Potential Change in Control
during the term of this Agreement, the Executive will remain in the employ of
the Company until the earliest of (A) a date which is six (6) months from the
date of such Potential Change in Control, (B) the date of a Change in Control,
(C) the date of termination by the Executive of the Executive's employment for
Good Reason (determined by treating the Potential Change in Control as a Change
in Control in applying the definition of Good Reason), or by reason of the
Executive's death or Disability, or (D) the termination by the Company of the
Executive's employment for any reason.

5.0 COMPENSATION OTHER THAN SEVERANCE PAYMENTS.

     5.1 Following a Change in Control during the term of this Agreement, during
any period that the Executive fails to perform the Executive's full-time duties
with the Company as a result of incapacity due to physical or mental illness,
the Company shall pay the Executive's full salary to the Executive at the rate
in effect at the commencement of any such period, together with all compensation
and benefits payable to the Executive under the terms of any written employment
agreement with Executive or, if there is no such agreement under the terms of
any compensation or benefit plan, program or arrangement maintained by the
Company during such period, unless and until the Executive's employment is
terminated by the Company for Disability.

     5.2 If the Executive's employment shall be terminated for any reason
following a Change in Control during the term of this Agreement, the Company
shall pay the Executive's full salary to the Executive through the Date of
Termination under the terms of any written employment agreement with Executive
or, if there is no such agreement under the terms of any compensation or benefit
plan, program or arrangement maintained by the Company prior to the Date of
Termination.

     5.3 If the Executive's employment shall be terminated for any reason
following a Change in Control during the term of this Agreement, the Company
shall pay the Executive's normal post-termination compensation and benefits to
the Executive as such payments become due. Such post-termination compensation
and benefits shall be determined under, and paid in accordance with, the
Company's retirement, insurance and other compensation or benefit plans,
programs and arrangements.

     5.4 If there is any conflict between the express terms of this Agreement
and the express terms of any written employment agreement between the Company
and the Executive, the terms of such employment agreement shall control.

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6.0 SEVERANCE PAYMENTS.

     6.1 Subject to Section 6.2 hereof, the Company shall pay the Executive the
payments described in this Section 6.1 ("Severance Payments") upon the
termination of the Executive's employment following a Change in Control during
the term of this Agreement, in addition to the payments and benefits described
in Section 5.0 hereof, unless such termination is (A) by the Company for Cause,
or (B) by reason of the Executive's death or Disability. The Executive's
employment shall be deemed to have been terminated following a Change in Control
by the Company without Cause if the Executive's employment is terminated prior
to a Change in Control without Cause at the direction (or action which
constitutes a direction) of a Person who has entered into an agreement with the
Company the consummation of which will constitute a Change in Control.

         (i) Subsequent to the Date of Termination, the Company shall make cash
         Severance Payments to the Executive over a thirty-six (36) month period
         in substantially equal bi-weekly installments, in an amount equal to
         two and ninety-nine one hundredths (2.99) times the sum of (a) the
         higher of the Executive's annual base salary in effect immediately
         prior to the occurrence of the event or circumstance upon which the
         Notice of Termination is based or in effect immediately prior to the
         Change in Control, and (b) the higher of the highest annual bonus paid
         to the Executive in the three years preceding the year in which the
         Date of Termination occurs or paid in the three years preceding the
         year in which the Change in Control occurs.

         (ii) For a thirty-six (36) month period after the Date of Termination,
         the Company shall arrange to provide the Executive with medical and
         dental insurance benefits substantially similar to those which the
         Executive is receiving without cost to Executive immediately prior to
         the Notice of Termination (without giving effect to any reduction in
         such benefits subsequent to a Change in Control). Benefits otherwise
         receivable by the Executive pursuant to this Section 6.1 (ii) shall be
         reduced to the extent comparable benefits are actually received by or
         made available to the Executive without cost, by another Person, during
         the thirty-six (36) month period following the Executive's termination
         of employment and any such benefits actually received by the Executive
         shall be reported to the Company by the Executive. If the benefits
         provided to the Executive under this Section 6.1(ii) result in a
         decrease pursuant to Section 6.2 in the Severance Payments and this
         Section 6.1(ii) benefits are thereafter reduced pursuant to the
         immediately preceding sentence because of the receipt of comparable
         benefits, the Company shall, at the time of such reduction, pay to the
         Executive the lesser of, (a) the amount of the decrease made in the
         Severance Payments pursuant to Section 6.2, or (b) the maximum amount
         which can be paid to the Executive without being, or causing any other
         payment to be, nondeductible by reason of Section 280G of the Code.

     6.2 Notwithstanding any other provisions of this Agreement, in the event
that any payment or benefit received or to be received by the Executive in
connection with a Change in Control or the termination of the Executive's
employment (whether or not received pursuant to the terms of this Agreement)
(all such payments and benefits, including but not limited to the Severance

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Payments, being hereinafter called the "Total Payments") would be subject in
whole or in part to the Excise Tax, then the Severance Payments shall be reduced
to the extent, but only to the extent, necessary so that no portion of the Total
Payments is subject to the Excise Tax. The determination as to whether a
reduction in Severance Payments is to be made under this Section 6.2 and, if so,
the amount of any such reduction shall be made by the Company's auditors or by
such other firm of certified public accountants, benefits consulting firm or
legal counsel as the Board may designate prior to the Change in Control.

     The Company shall provide the executive with its calculations of the
amounts referred to in this Section 6.2 and such supporting materials as are
reasonably necessary for the Executive to evaluate the Company's calculations.

     6.3 The Company also shall pay to the Executive all legal fees and expenses
incurred by the Executive as a result of a termination, which entitles the
Executive to the Severance Payments (including all such fees and expenses, if
any, incurred in disputing any such termination or in seeking in good faith to
obtain or enforce any benefit or right provided by this Agreement or in
connection with any tax audit or proceeding to the extent attributable to the
application of Section 4999 of the Code to any payment or benefit provided
hereunder). Such payments shall be made within five (5) business days after
delivery of the Executive's written requests for payment accompanied by such
evidence of fees and expenses incurred as the Company reasonable may require.

7.0 TERMINATION PROCEDURES AND COMPENSATION DURING DISPUTE.

     7.1 NOTICE OF TERMINATION. After a Change in Control and during the term of
this Agreement, any purported termination of the Executive's employment (other
than by reason of death) shall be communicated by written Notice of Termination
from one party hereto to the other party hereto in accordance with Section 10.0.
For purposes of this Agreement, a "Notice of Termination" shall mean a notice
which shall indicate the specific termination provision in this Agreement relied
upon and shall set forth in reasonable detail the facts and circumstances
claimed to provide a basis for termination of the Executive's employment under
the provision so indicated. Further, a Notice of Termination for Cause is
required to include a copy of a resolution duly adopted by the affirmative vote
of not less than three-quarters (3/4) of the entire membership (excluding the
Executive) of the Board at a meeting of the Board which was called and held for
the purpose of considering such termination (after reasonable notice to the
Executive and an opportunity for the Executive, together with the Executive's
counsel, to be heard before the Board) finding that, in the good faith opinion
of the Board the Executive was guilty of conduct set forth in the definition of
Cause in Section 15.0, and specifying the particulars thereof in detail.

     7.2 DATE OF TERMINATION. "Date of Termination", with respect to any
purported termination of the Executive's employment after a Change in Control
during the term of this Agreement, shall mean:

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         (A) if the Executive's employment is terminated for Disability, thirty
         (30) days after Notice of Termination is given (provided that the
         Executive shall not have returned to the full-time performance of the
         Executive's duties during such thirty (30) day period), and

         (B) if the Executive's employment is terminated for any other reason,
         the date specified in the Notice of Termination (which, in the case of
         a termination by the Company, shall not be less than thirty (30) days
         (except in the case of a termination for Cause) and, in the case of a
         termination by the Executive, shall not be less than fifteen (15) days,
         nor, in any case, more than sixty (60) days after the date such Notice
         of Termination is given).

     7.3 DISPUTE CONCERNING TERMINATION. If within fifteen (15) days after any
Notice of Termination is given, or, if later, prior to the Date of Termination
(as determined without regard to this Section 7.3), the party receiving such
Notice of Termination notifies the other party that a dispute exists concerning
the termination, the Date of Termination shall be the date on which the dispute
is finally resolved, either by mutual written agreement of the parties, by
arbitrator's award, or, to the extent permitted by Section 14.0, by a final
judgment, order or decree of a court of competent jurisdiction on the
arbitrator's award (which is not appealable or with respect to which the time
for appeal therefrom has expired and no appeal has been perfected); provided
further that the Date of Termination shall be extended by a notice of dispute
only if such notice is given in good faith and the party giving such notice
pursues the resolution of such dispute with reasonable diligence.

     7.4 COMPENSATION DURING DISPUTE. If a purported termination occurs
following a Change in Control and during the term of this Agreement and such
termination is disputed in accordance with Section 7.3 hereof, the Company shall
continue to pay the Executive the full compensation in effect when the notice
giving rise to the dispute was given (including, but not limited to, salary) and
continue the Executive as a participant in all compensation, benefit and
insurance plans in which the Executive was participating when the notice giving
rise to the dispute was given, until the dispute is finally resolved in
accordance with Section 7.3 hereof. Amounts paid under this Section 7.4 are in
addition to all other amounts due under this Agreement (other than those due
under Section 5.2) and shall not be offset against or reduce any other amounts
due under this Agreement.

8.0 NO MITIGATION. The Company agrees that, if the Executive's employment by the
Company is terminated during the term of this Agreement, the Executive is not
required to seek other employment or to attempt in any way to reduce any amounts
payable to the Executive by the Company pursuant to Section 6.0 or Section 7.4.
Further, the amount of any payment or benefit provided for in Section 6.0 (other
than Section 6.1(ii)) or Section 7.4 shall not be reduced by any compensation
earned by the Executive as the result of employment by another employer, by
retirement benefits, by offset against any amount claimed to be owed by the
Executive to the Company, or otherwise.

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9.0 SUCCESSORS; BINDING AGREEMENT.

     9.1 In addition to any obligations imposed by law upon any successor to the
Company, the Company will require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of the
business and/or assets of the Company to expressly assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would
be required to perform it if no such succession had taken place. Failure of the
Company to obtain such assumption and agreement prior to the effectiveness of
any such succession shall be a breach of this Agreement and shall entitle the
Executive to compensation from the Company in the same amount and on the same
terms as the Executive would be entitled to hereunder if the Executive were to
terminate the Executive's employment for Good Reason after a Change in Control,
except that, for purposes of implementing the foregoing, the date on which any
such succession becomes effective shall be deemed the Date of Termination. In
any event, this Agreement shall be binding upon the Company and any successors
or assignees.

     9.2 This Agreement shall inure to the benefit of, and be enforceable by,
the Executive's personal or legal representatives, executors, administrators,
successors, heirs, distributees, devisees and legatees. If the Executive shall
die while any amount would still be payable to the Executive hereunder (other
than amounts which, by their terms, terminate upon the death of the Executive),
if the Executive had continued to live, all such amounts, unless otherwise
provided herein, shall be paid in accordance with the terms of this Agreement to
the executors, personal representatives or administrators of the Executive's
estate.

10.0 NOTICES. For the purpose of this Agreement, notices and all other
communications provided for in the Agreement shall be in writing and shall be
deemed to have been duly given upon delivery by hand, receipt acknowledged
(including by Federal Express or similar service), or three business days after
mailing, if mailed by U.S. certified mail, return receipt requested, postage
prepaid, addressed to the respective addresses set forth below, or to such other
address as either party may have furnished to the other in writing in accordance
herewith, except that notice of change of address shall be effective only upon
actual receipt:

                        To the Company:

                        EVCI Career Colleges Incorporated
                        35 East Grassy Sprain Road, Suite 200
                        Yonkers, NY  10710
                        Attn:  Corporate Secretary

                        To the Executive:

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11.0 MISCELLANEOUS. No provision of this Agreement may be modified, waived or
discharged unless such waiver, modification or discharge is agreed to in writing
and signed by the Executive and such officer as may be specifically designated
by the Board. No waiver by either party hereto at any time of any breach by the
other party hereto of, or compliance with, any condition or provision of this
Agreement to be performed by such other party shall be deemed a waiver of
similar or dissimilar provisions or conditions at the same or at any prior or
subsequent time. No agreements or representations, oral or otherwise, express or
implied, with respect to the subject matter hereof have been made by either
party which are not expressly set forth in this Agreement. The validity,
interpretation, construction and performance of this Agreement shall be governed
by the laws of the State of New York and the Agreement shall be an instrument
under seal. All references to sections of the Exchange Act or the Code shall be
deemed also to refer to any successor provisions to such sections. Any payments
provided for hereunder shall be paid net of any applicable withholding required
under federal, state or local law and any additional withholding to which the
Executive has agreed. The obligations of the Company and the Executive under
Sections 6.0, 7.0, 8.0 and 14.0 shall survive the expiration of the term of this
Agreement.

12.0 VALIDITY. The invalidity or unenforceability or any provision of this
Agreement shall not affect the validity or enforceability of any other provision
of this Agreement. In addition, if any provision of this Agreement is held
invalid or unenforceable by a court of competent jurisdiction, then such
provision shall be deemed modified to the extent necessary to enable such
provision to be valid and enforceable.

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

14.0 SETTLEMENT OF DISPUTES; ARBITRATION. All claims by the Executive for
benefits under this Agreement shall be directed to the Board and shall be in
writing. Any denial by the Board of a claim for benefits under this Agreement
shall be delivered to the Executive in writing and shall set forth the specific
reasons for the denial and the specific provisions of this Agreement relied
upon. The Board then shall afford a reasonable opportunity to the Executive for
a review of the decision denying a claim and shall further allow the Executive
to appeal to the Board a decision of the Board within sixty (60) days after
notification by the Board that the Executive's claim has been denied. Any
further dispute or controversy arising under or in connection with this
Agreement shall be settled exclusively by arbitration in White Plains, New York
in accordance with the rules of the American Arbitration Association then in
effect. Judgement may be entered on the arbitrator's award in any court having
jurisdiction; provided, however, that the Executive shall be entitled to seek
specific performance of the Executive's right to be paid until the Date of
Termination during the pendency of any dispute or controversy arising under or
in connection with this Agreement in such arbitration or by a proceeding in the
federal court in Westchester County, New York.

                                       7
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15.0 DEFINITIONS. For purposes of this Agreement, the following terms shall have
the meanings indicated below:

         (A) "Board" shall mean the Board of Directors of the Company.

         (B) "Beneficial Owner" shall have the meaning defined of Rule 13d-3
         under the Exchange Act.

         (C) "Cause" for termination by the Company of the Executive's
         employment, after any Change in Control, shall mean the willful and
         continued failure by the Executive to substantially perform the
         Executive's duties with the Company (other than any such failure
         resulting from the Executive's incapacity due to physical or mental
         illness or any such actual or anticipated failure after the issuance of
         a Notice of Termination for Good Reason by the Executive pursuant to
         Section 7.1) for thirty (30) days after a written demand for
         substantial performance is delivered to the Executive by the Board,
         which demand specifically identifies the manner in which the Board
         believes that the Executive has not substantially performed the
         Executive's duties.

                  For purposes of this definition, no act, or failure to act, on
         the Executive's part shall be deemed "willful" unless done, or omitted
         to be done, by the Executive not in good faith and without reasonable
         belief that the Executive's act, or failure to act, was in the best
         interest of the Company.

         (D) A "Change in Control", shall be deemed to have occurred if the
         conditions set forth in any one of the following paragraphs shall have
         been satisfied:

                  (i) any Person is or becomes the Beneficial Owner of
         securities of the Company representing twenty-five (25%) percent or
         more of the combined voting power of the Company's then outstanding
         securities;

         or

                  (ii) during any period of not more than three consecutive
         years (not including any period prior to the execution of this
         Agreement), individuals who at the beginning of such period constitute
         the Board and any new director (other than a director designated by a
         Person who has entered into an agreement with the Company to effect a
         transaction described in clause (i), (ii) or (iii) of this Section
         15(D)), whose election by the Board or nomination for election by the
         Company's stockholders was approved by a vote of at least two-thirds
         (2/3) of the directors then still in office who either were directors
         at the beginning of the period or whose election or nomination for
         election was previously so approved, cease for any reason to constitute
         a majority of the Board;

         or

                  (iii) the stockholders of the Company approve a merger or
         consolidation of the Company with any other corporation, other than (a)
         a merger or consolidation which would result in the voting securities
         of the Company outstanding immediately prior thereto continuing to
         represent (either by remaining outstanding or by being converted into
         voting securities of the surviving entity) fifty (50%) percent or more

                                       8
<PAGE>

         of the combined voting power of the voting securities of the Company or
         such surviving entity outstanding immediately after such merger or
         consolidation, or (b) a recapitalization of the Company (or similar
         transaction) in which no Person acquires twenty-five (25%) percent or
         more of the combined voting power of the Company's then outstanding
         securities;

         or

                  (iv) the stockholders of the Company approve a plan of
         complete liquidation of the Company or an agreement for the sale or
         disposition by the Company of all or substantially all the Company's
         assets.

         (E) "Code" shall mean the Internal Revenue Code of 1986, as amended
         from time to time.

         (F) "Company" shall mean EVCI Career Colleges Incorporated and any
         successor to its business and/or assets which assumes and agrees to
         perform this Agreement by operation of law, or otherwise (except in
         determining, under Section 15 (D) hereof whether or not any Change in
         Control of the Company has occurred in connection with such
         succession).

         (G) "Date of Termination" shall have the meaning stated in Section 7.2,
         subject to extension as provided in Section 7.3.

         (H) "Disability" shall be deemed the reason for the termination by the
         Company of the Executive's employment, if, as a result of the
         Executive's physical or mental incapacity, the Executive shall have
         been unable to perform substantially all of the Executive's duties to
         the Company (as such duties existed immediately prior to the onset of
         such physical or mental incapacity), for forty-five (45) consecutive
         days or ninety (90) days during any twelve-month period, the Company
         shall have given the Executive a Notice of Termination for Disability
         and, within thirty (30) days after such Notice of Termination is given,
         the Executive shall not have returned to the full-time performance of
         the Executive's duties.

         (I) "Exchange Act" shall mean the Securities Exchange Act of 1934, as
         amended from time to time.

         (J) "Excise Tax" shall mean any excise tax imposed under Section 4999
         of the Code.

         (K) "Executive" shall mean the individual named in the first paragraph
         of this Agreement.

         (L) "Good Reason" for termination by the Executive of the Executive's
         employment shall mean:

                                       9
<PAGE>

                  (i) during the period commencing thirty (30) days after the
         Change in Control and terminating six (6) months after the Change in
         Control, a good faith determination by the Executive that, as a result
         of the Change in Control, the Executive is unable to discharge his
         duties effectively, or

                  (ii) the occurrence (without the Executive's express written
         consent) of any one of the following acts by the Company, or failures
         by the Company to act, unless, in the case of any act or failure to act
         described in paragraph (a), (e), (f), or (g), below, such act or
         failure to act is corrected prior to the Date of Termination given in
         respect thereof:

                           (a) the assignment to the Executive of any duties
                  inconsistent with the Executive's status as the senior
                  executive officer of the Company or a substantial adverse
                  alteration in the nature or status of the Executive's
                  responsibilities from those in effect immediately prior to the
                  Change in Control;

                           (b) a reduction by the Company in the Executive's
                  annual base salary as in effect on the date hereof or as the
                  same may be increased from time to time;

                           (c) the relocation of the Company's principal
                  executive officers to a location more that ten (10) miles from
                  the location of such officers immediately prior to the Change
                  in Control or the Company's requiring the Executive to be
                  based anywhere other than the Company's principal executive
                  offices, except for required travel on the Company's business
                  to an extent substantially consistent with the Executive's
                  present business travel obligations;

                           (d) the failure, not corrected within ten (10) days
                  after written notice thereof to the Company, by the Company,
                  without the Executive's consent, to pay to the Executive any
                  portion of the Executive's current compensation, or to pay to
                  the Executive any portion of an installment of deferred
                  compensation under any deferred compensation program of the
                  Company, within ten (10) days of the date such compensation is
                  due;

                           (e) the failure, not corrected within ten (10) days
                  after written notice thereof to the Company, by the Company to
                  continue in effect any compensation plan in which the
                  Executive participates immediately prior to the Change in
                  Control which is material to the Executive's total
                  compensation, unless an equitable arrangement (embodied in an
                  ongoing substitute or alternative plan) has been made with
                  respect to such plan, or the failure by the Company to
                  continue the Executive's participation therein (or in such
                  substitute or alternative plan) on a basis not materially less
                  favorable, both in terms of the amount of benefits provided
                  and the level of the Executive's participation relative to
                  other participants, as existed at the time of the Change in
                  Control;

                                       10
<PAGE>

                           (f) the failure, not corrected within ten (10) days
                  after written notice thereof to the Company, by the Company to
                  continue to provide the Executive with benefits substantially
                  similar to those enjoyed by the Executive under any of the
                  Company's pension, life insurance, medical, health and
                  accident, or disability plans in which the Executive was
                  participating at the time of the Change in Control (other than
                  changes required by law), the taking of any action by the
                  Company which would directly or indirectly materially reduce
                  any of such benefits or deprive the Executive of any material
                  fringe benefit enjoyed by the Executive at the time of the
                  Change in Control, or the failure by the Company to provide
                  the Executive with the number of paid vacation days to which
                  the Executive is entitled on the basis of years of service
                  with the Company in accordance with the Company's normal
                  vacation policy in effect at the time of the Change in
                  Control; or

                           (g) any purported termination of the Executive's
                  employment which is not effected pursuant to a Notice of
                  Termination satisfying the requirements of Section 7.1; for
                  purposes of this Agreement, no such purported termination
                  shall be effective; or

                           (h) the termination by the Executive for "Good
                  Reason" of any written employment agreement between the
                  Company and the Executive; provided that for purposes of this
                  clause (h), "Good Reason" shall have the meaning ascribed to
                  it in such employment agreement.

                           The Executive's right to terminate the Executive's
                  employment for Good Reason shall not be affected by the
                  Executive's incapacity due to physical or mental illness. The
                  Executive's continued employment shall not constitute consent
                  to, or a waiver of rights with respect to, any act or failure
                  to act constituting Good Reason hereunder.

                  "Notice of Termination" shall have the meaning stated in
                  Section 7.1 hereof.

         (M) "Person" shall have the meaning given in Section 3 (a) (9) of the
         Exchange Act, as modified and used in Sections 13(d) and 14(d) thereof;
         however, a Person shall not include:

                  (i) the Company, a trustee or other fiduciary holding
         securities under an employee benefit plan of the Company,

         or

                  (ii) a corporation owned, directly or indirectly, by the
         stockholders of the Company in substantially the same proportions as
         their ownership of stock of the Company,

         or

                  (iii) Executive or a group (within the meaning of Section
         13(d)(3) of the Exchange Act) of which Executive is a member.

                                       11
<PAGE>

         (N) "Potential Change in Control", shall be deemed to have occurred if
         the conditions set forth in any one of the following paragraphs shall
         have been satisfied:

                  (i) the Company enters into an agreement, the consummation of
         which would result in occurrence of a Change in Control;

                  (ii) the Company or any person publicly announces an intention
         to take or to consider taking actions which, if consummated, would
         constitute a Change in Control;

                  (iii) the Board adopts a resolution to the effect that, for
         purposes of this Agreement, a Potential Change in Control has occurred.

         (O) "Severance Payments" shall mean those payments described in Section
6.1 hereof.

         (P) "Total Payments" shall mean those payments described in Section 6.2
hereof.

EVCI CAREER COLLEGES INCORPORATED

By: _______________________________         ___________________________________

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