Document:

EXHIBIT
      4(b) 9

    

    CONSULTING
      AGREEMENT

    

    THIS
      AGREEMENT is effective as of January
      1, 2006. 

    

    BETWEEN
      

    

    ChineseWorldNet.com
      Inc.

    P.O.
      Box
      1350, the Huntlaw Bldg., 

    Fort
      Street, George Town 

    Grand
      Cayman, Cayman Islands 

    ("ChineseWorldNet.com")
      

    

    AND
      

    

    GOLDPAC
      INVESTMENT PARTNERS LTD in B.V. I. 

    ("Goldpac")
      

    

    WHEREAS
      ChineseWorldNet.com and Goldpac are desirous of setting out the terms
and
      conditions of their service relationship. 

    

    NOW
      THEREFORE THIS AGREEMENT WITNESSES that the parties agree as follows:

    

    1.
      Services 

    

    Goldpac
      offers consulting services to ChineseWorldNet.com related to corporate
      development, market development and technical support for the period from
      January 1, 2006 to December 31, 2006. 

    

    2.
      Fees

    

    Goldpac
      charges ChineseWorldNet.com Inc. USD 2,000 per month for the consulting services
      to be provided from January 1, 2006 to December 31, 2006. 

    

    3.
      Responsibilities of Goldpac 

    

    Goldpac's
      duties under this Agreement are as follows: 

    

    
      	 	 	
              Goldpac
                will use its best efforts to provide advice and support to
                ChineseWorldNet.com related to market development, corporate issues
                and
                technology building during the above said
                period.

            

    

    
      	 	 	 

      	 	 	
              Goldpac
                will keep ChineseWorldNet.com informed as to any problems encountered
                and
                as to any solutions found for those
                problems.

            

      	 	 	 

    

    
      	 	 	
              Goldpac
                will keep all the trade information and information obtained during
                the
                course of consulting ChineseWorldNet.com intact, confidential.
                

            

    

     

    4.
      Responsibilities of ChineseWorldNet.com 

    

    ChineseWorldNet.com's
      duties under this Agreement are as follows: 

     

    
      	 	 	
              ChineseWorldNet.com
                will provide all the necessary information for Goldpac to perform
                its
                consulting services and without hiding of any information.
                

            

    

    
      	 	 	 

      	 	 	
              ChineseWorldNet.com
                will pay for all the necessary expenses incurred during the course
                of
                Goldpac performing the consulting services.

            

    

    

    
      
        
        

      

      
        
        

        
          

        

      

      
        
        

      

    

     

    5.
      Termination 

    

    This
      agreement may be terminated by either party with a reasonable notice in advance
      and have a mutual consensus of both parties. 

    

    6.
      Amendment 

    

    This
      Agreement may be altered, modified or amend by writing, with mutual consensus
      from both parties and sign by both parties. 

    

    7.
      Assignment 

    

    Nether
      party to this agreement may assign or delegate its duties under this agreement
      without the prior written consent of the other. 

    

    8.
      Entire
      Agreement 

    

    This
      agreement, including all schedules (if any) hereto, constitutes the entire
      agreement between the parties relating to this subject matter and supersedes
      all
      prior or simultaneous representations, discussions, negotiations and agreements,
      whether written or oral. This agreement may be amended or modified only with
      written consent of the parties hereto. No oral waiver, amendment of modification
      will be effective under any 

    circumstances
      whatsoever. 

    

    9.
      Governing Law 

    

    This
      Agreement shall be governed by and construed in accordance with the laws of
      Cayman Island. 

    

    In
      witness of this, the parties have executed this Agreement as of the date first
      written above. 

     

    By
      CHINESEWORLDNET.COM INC. 

    
      	 	 	 	 
	 	 	 	 
	Authorized Signature:
              /s/
              Joe Tai 	 	 	
            
	
              
                

              
Name: Joe Tai 	 	 	
            
	Title: CEO & President 	 	 	
            

    

      

    

    By
      GOLDPAC INVESTMENT PARTNERS LTD 

    
      	 	 	 	 
	 	 	 	 
	Authorized Signature:
              /s/ Chi Cheong Liu 	 	 	
            
	
              
                

              
Name: Chi Cheong Liu 	 	 	
            
	Title: PartnerExhibit 10.1

                             SHARPS COMPLIANCE CORP.
                        RESTRICTED STOCK AWARD AGREEMENT

THIS  AGREEMENT is made as of this 2nd day of July 2007,  by and between  Sharps
Compliance  Corp., a Delaware  corporation (the  "Company"),  and Ramsay Gillman
("Director").

The  Company,  pursuant  to the  Sharps  Compliance  Corp.  1993 Stock Plan (the
"Plan") and the Fiscal Year 2008 Non-Employee  Director Compensation Policy (see
Exhibit B),  hereby grants the  following  stock award to Director,  which award
shall have the terms and conditions set forth in this Agreement:

1.    Award

The  Company,  effective  as of the date of this  Agreement,  hereby  grants  to
Director a  restricted  stock  award of 8,750  shares (the  "Shares")  of common
stock, par value $.01 per share, of the Company (the "Common Stock"), subject to
the terms and conditions set forth herein.

2.    Vesting

Subject to the terms and condition of this  Agreement,  the Shares shall vest as
follows:  one-third (1/3) of the Shares shall vest on each of July 2, 2008, 2009
and  2010,  if,  and only if,  Director  remains  as a  member  of the  Board of
Directors  of the Company  from the date hereof  until each  respective  vesting
date.  Vesting of the Shares  shall be  accelerated  in the event of a Change in
Control of Company  (as defined in the  attached  Exhibit A) and  provided  that
Director  remains as a member of the Board of Directors of the Company until the
effective date of such Change in Control.

3.    Restriction on Transfer

Until the Shares vest  pursuant  to Section 2 hereof,  none of the Shares may be
sold, assigned,  transferred,  pledged, hypothecated or otherwise disposed of or
encumbered,  and no  attempt  to  transfer  the  Shares,  whether  voluntary  or
involuntary,  by operation of law or otherwise,  shall vest the transferee  with
any interest or right in or with respect to the Shares.

4.    Forfeiture

If Director  ceases to be a member of the Board of Directors the Company for any
reason  prior to the  vesting  of the  Shares  pursuant  to  Section  2  hereof,
Director's rights to the unvested portion of the Shares shall be immediately and
irrevocably forfeited.

<PAGE>

5.    Issuance of Certificate

After any Shares vest pursuant to Section 2 hereof,  the Company shall  promptly
cause to be issued a certificate or certificates  evidencing such vested Shares,
free of legend or restrictions  and shall cause such certificate or certificates
to be delivered to Director or Director's legal  representatives,  beneficiaries
or heirs.

6.    Distributions and Adjustments

(a) If all or any  portion of the Shares  vest  subsequent  to any change in the
number  or  character  of  Shares  of  Common  Stock  (through  stock  dividend,
recapitalization,  stock split,  reverse  stock split,  reorganization,  merger,
consolidation, split-up, spin-off, combination, repurchase or exchange of Shares
of Common  Stock or other  securities  of the  Company,  issuance of warrants or
other  rights to  purchase  Shares of Common  Stock or other  securities  of the
Company or other similar  corporate  transaction  or event  affecting the Shares
such that an adjustment is determined by the Compensation Committee of the Board
of Directors (the "Committee") to be appropriate in order to prevent dilution or
enlargement  of the  interest  represented  by the  Share,  Director  shall then
receive  upon  such  vesting  the  number  and  type  of   securities  or  other
consideration which he would have received if the Shares had vested prior to the
event changing the number or character of outstanding Shares of Common Stock.

(b) Any additional  Shares of Common Stock,  any other securities of the Company
and any other property  (except for cash dividends)  distributed with respect to
the  Shares  prior to the date the  Shares  vest  shall be  subject  to the same
restrictions,  terms and conditions as the Shares.  Any cash  dividends  payable
with  respect to the Shares  shall be  distributed  to Director at the same time
cash dividends are distributed to shareholders of the Company generally.

(c) Any additional Shares of Common Stock, any securities and any other property
(except for cash dividends)  distributed with respect to the Shares prior to the
date such Shares  vest shall be promptly  deposited  with the  Secretary  or the
custodian  designated by the Secretary to be held in custody in accordance  with
Section 5(c) hereof.

7.    Taxes

(a) In order to provide the Company with the opportunity to claim the benefit of
any income tax deduction  which may be available to it in  connection  with this
restricted  stock  award and in order to comply with all  applicable  federal or
state tax laws or  regulations,  the  Company  may take such  action as it deems
appropriate to insure that, if necessary, all applicable federal or state income
and social security taxes are withheld or collected from Director.

(b) Should  Director  elect,  in  accordance  with Section 83(b) of the Internal
Revenue Code of 1986, as amended,  to recognize  ordinary  income in the year of
acquisition of the Shares,  the Company may require at the time of such election
an  additional  payment for  withholding  tax purposes  based on the fair market
value  of such  Shares  as of the  date of the  acquisition  of such  Shares  by
Director.

<PAGE>

8.    Miscellaneous

(a) This Agreement is issued pursuant to the Plan and is subject to its terms.

(b) This  Agreement  shall be  governed by and  construed  under the laws of the
State of Delaware, without regard for conflicts of laws principles thereof.

IN WITNESS WHEREOF, the parties hereto have caused this Agreement to be executed
on the day and year first above written.

Sincerely,

/s/ Burton J. Kunik

Dr. Burton J. Kunik
Chairman of the Board
and Chief Executive Officer

Agreed and Accepted:

---------------------
Ramsay Gillman
Director

<PAGE>

Exhibit A

Change In Control.

(i) For purposes of this  Agreement  and this Exhibit A, a Change in Control" of
the Company shall mean:

(a) a change in control of the  Company of a nature that would be required to be
reported in response to Item 6(e) of Schedule 14A of Regulation 14A  promulgated
under the  Securities  Exchange Act of 1934,  as amended (the  "Exchange  Act"),
whether or not the Company is then subject to such reporting requirement;

(b) the public  announcement  (which,  for  purposes of this  definition,  shall
include,  without  limitation,  a report filed  pursuant to Section 13(d) of the
Exchange  Act) by the Company or any  "person" (as such term is used in Sections
13(d) and 14(d) of the Exchange Act) that such person has become the "beneficial
owner" (as defined in Rule 13d-3 promulgated  under the Exchange Act),  directly
or  indirectly,  of  securities of the Company  representing  30% or more of the
combined voting power of the Company's then outstanding  securities,  determined
in accordance  with Rule 13d-3,  excluding,  however,  any  securities  acquired
directly from the Company  (other than an  acquisition by virtue of the exercise
of a  conversion  privilege  unless the security  being so converted  was itself
acquired directly from the Company);  however,  that for purposes of this clause
the term "person"  shall not include the Company,  any subsidiary of the Company
or any employee  benefit plan of the Company or of any subsidiary of the Company
or any entity holding shares of Common Stock organized, appointed or established
for, or pursuant to the terms of, any such plan;

(c) the  Continuing  Board of  Directors  cease to  constitute a majority of the
Company's Board of Directors;

(d) consummation of a  reorganization,  merger or consolidation of, or a sale or
other  disposition of all or substantially  all of the assets of, the Company (a
"Business   Combination"),   in  each  case,  unless,  following  such  Business
Combination, (A) all or substantially all of the persons who were the beneficial
owners of the Company's outstanding voting securities  immediately prior to such
Business  Combination  beneficially  own voting  securities  of the  corporation
resulting  from such Business  Combination  having more than 50% of the combined
voting power of the outstanding voting securities of such resulting  Corporation
and (B) at least a  majority  of the  members of the Board of  Directors  of the
corporation  resulting from such Business  Combination were Continuing Directors
at the time of the action of the Board of  Directors  of the  Company  approving
such Business Combination; or

(e) approval by the  shareholders  of the Company of a complete  liquidation  or
dissolution of the Company.

<PAGE>

(ii) "Continuing Director" shall mean any person who is a member of the Board of
Directors  of the  Company,  while  such  person  is a  member  of the  Board of
Directors,  who is not an Acquiring Person (as defined below) or an Affiliate or
Associate (as defined below) of an Acquiring  Person,  or a representative of an
Acquiring Person or of any such Affiliate or Associate, and who (x) was a member
of the Board of Directors on the date of this  Agreement as first  written above
or (y) subsequently becomes a member of the Board of Directors, if such person's
initial nomination for election or initial election to the Board of Directors is
recommended or approved by a majority of the Continuing Directors.  For purposes
of this subparagraph  (ii),  "Acquiring Person" shall mean any "person" (as such
term is used in  Sections  13(d)  and 14(d) of the  Exchange  Act) who or which,
together with all Affiliates and Associates of such person,  is the  "beneficial
owner" (as defined in Rule 13d-3 promulgated  under the Exchange Act),  directly
or  indirectly,  of  securities of the Company  representing  20% or more of the
combined voting power of the Company's then  outstanding  securities,  but shall
not include the Company,  any subsidiary of the Company or any employee  benefit
plan of the Company or of any  subsidiary  of the Company or any entity  holding
shares of Common Stock  organized,  appointed or established for, or pursuant to
the terms of, any such plan;  and  "Affiliate"  and  "Associate"  shall have the
respective  meanings  ascribed to such terms in Rule 12b-2 promulgated under the
Exchange Act.

<PAGE>

EXHIBIT B

Revised Non-Employee Board of Director Compensation Policy

On June 21,  2007,  the Board of  Directors  of Sharps  Compliance,  Corp.  (the
"Company")  approved a revised  director  compensation  policy for the Company's
non-employee  directors.  The revised  policy  replaces  the  existing  director
compensation  policy for the Company's  non-employee  directors and is effective
for the fiscal year 2008  (beginning  July 1, 2007).  Under the revised  policy,
non-employee   directors  will  receive   compensation  as  follows:   (i)  each
non-employee  director will be granted,  on July 2, 2007, either 8,000 shares of
restricted  stock or options to purchase  10,700 shares of the Company's  common
stock,  each such grant to vest over three  years in equal  annual  installments
(one third at each anniversary  date),  subject to the  non-employee  director's
continued  service to the Company  through  each  vesting  date,  (ii) an annual
retainer for all non-employee  directors of $16,000,  paid $4,000  subsequent to
each attended  quarterly  Board of Directors  meeting (no more than two meetings
attended  telephonically),  (iii)  1,500  shares  of  restricted  stock  for the
chairperson  of the Audit  Committee and 500 shares of restricted  stock for the
Audit Committee  member (vesting over three years in equal annual  installments,
subject to the non-employee  director's continued service to the Company through
each vesting date),  (iv) 750 shares of restricted  stock for each member of the
Compensation  Committee (vesting over three years in equal annual  installments,
subject to the non-employee  director's continued service to the Company through
each vesting  date),  (v) 500 shares of restricted  stock for each member of the
Acquisition  Committee  (vesting over three years in equal annual  installments,
subject to the non-employee  director's continued service to the Company through
each vesting date), (vi) 1,000 shares of restricted stock for the chairperson of
the  Nominating / Corporate  Governance  Committee  and 500 shares of restricted
stock for Nominating / Corporate Governance Committee member (vesting over three
years in equal  annual  installments,  subject  to the  non-employee  director's
continued service to the Company through each vesting date),  (vii) 3,000 shares
of restricted stock for the Lead Independent  Director (vesting over three years
in equal annual installments,  subject to the non-employee  director's continued
service to the Company  through each vesting date) and (viii) each  non-employee
director will receive fees of $1,000 for each special Board of Directors meeting
attended in person or via telephone.

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