Document:

Exhibit 10.1

                              EMPLOYMENT AGREEMENT

     THIS EMPLOYMENT AGREEMENT  ("AGREEMENT") is made and entered into as of the
1st day of May, 2006 by and between CAVIT SCIENCES,  INC., a Florida corporation
(the  "Company"),  and COLM J. KING , an  individual  residing  in Florida  (the
"Executive").

                             PRELIMINARY STATEMENTS

     A. The  Company is located  within  the state of Florida  and is  presently
engaged in the business of testing  immunostimulants  and marketing  it's patent
application rights to major drug companies (the "Business");

     B.  The  Executive  has had many  years of  experience  in the  affairs  of
business organizations;  and is currently the sole Officer and a Director of the
Company; and

     C. The Company is desirous of employing the Executive and  benefiting  from
his contributions to the Company.

                                    Agreement

     NOW,  THEREFORE,  in consideration of the premises and mutual covenants set
forth herein, the parties agree as follows:

1. EMPLOYMENT.

     1.1  Employment and Term. The Company hereby agrees to employ the Executive
and the  Executive  hereby  agrees  to  serve  the  Company,  on the  terms  and
conditions set forth herein,  for a period of three (3) years  commencing on the
date hereof and expiring on the first  anniversary  hereof (the "Initial  Term")
unless sooner  terminated as  hereinafter  set forth;  provided,  however,  that
commencing on the first and each anniversary of the date of this Agreement,  the
Initial  Term  of  this  Agreement  shall  automatically  be  extended  for  one
additional year unless at least ninety (90) days prior to such date, the Company
shall have  delivered to the Executive or the Executive  shall have delivered to
the Company written notice that the term of the Executive's employment hereunder
will not be extended.  (The Initial Term and any extensions shall be hereinafter
referred to as the "Employment Period").

     1.2 Duties of the Executive.  During the Employment  Period,  the Executive
shall  serve as  President  and CEO of the  Company  and shall  have  powers and
authority  superior  to any other  officer or  employee of the Company or of any
subsidiary of the Company.  The Executive shall be required to report solely to,
and shall be subject  solely to the  supervision  and direction of, the Board at
duly  called  meetings  thereof  and no other  person  or  group  shall be given
authority to supervise or direct the Executive in the performance of his duties.
During the  Employment  Period,  and  excluding any periods of vacation and sick
leave to which the  Executive  is  entitled,  the  Executive  agrees to devote a
majority of his attention and business time during normal  business hours to the
business  and affairs of the Company  and, to the extent  necessary to discharge
the  responsibilities  assigned to the Executive hereunder as a senior executive
officer  involved  with  the  general  management  of the  Company,  to use  the
Executive's  reasonable best efforts to perform  faithfully and efficiently such
responsibilities.  During the  Employment  Period it shall not be a violation of
this Agreement for the Executive to (i) serve on corporate,  civic or charitable
boards or committees;  (ii) deliver  lectures,  fulfill speaking  engagements or
teach at educational  institutions;  or (iii) manage  personal  investments  and
engage  in  other  business  activities,  so  long  as  such  activities  do not
significantly interfere with the performance of the Executive's responsibilities
as an employee of the Company in accordance with this Agreement. It is expressly
understood  and agreed  that to the extent  that any such  activities  have been
conducted by the Executive  prior to the date hereof,  the continued  conduct of
such  activities  (or the  conduct  of  activities  similar  in nature and scope

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thereto)  subsequent  to the date  hereof  shall  not  thereafter  be  deemed to
interfere  with  the  performance  of the  Executive's  responsibilities  to the
Company.

     1.3 Place of  Performance.  The  Executive  shall be based at the Company's
principal  executive  offices  located  in Delray  Beach,  Florida,  except  for
required travel relating to the Company's  Businesses to an extent substantially
consistent with the Executive's present travel obligations.

2. BASE COMPENSATION & INCENTIVE BONUS.

     2.1 Base Salary. Commencing on the date hereof, the Executive shall receive
a base  salary  at the  annual  rate of not less  than One  Hundred  and  Eighty
Thousand and No/100 Dollars ($180,000.00) (the "Base Salary") during the term of
this Agreement,  with such Base Salary payable in  installments  consistent with
the  Company's  normal  payroll   schedule,   subject  to  required   applicable
withholding for taxes. On April 30th of each calendar year during the Employment
Period  (the  "Salary  Adjustment  Date")  commencing  on April  30,  2007,  the
Executive's  then Base  Salary  shall be  increased  by an  amount  equal to the
previous year's Base Salary multiplied by ten percent (10%),  except that in the
event that Pre-Tax  Consolidated Net Income (defined in Section 2.4(c) below) is
equal to zero for the  Company's  fiscal year  immediately  preceding the Salary
Adjustment  Date,  then the Base Salary shall not be increased  pursuant to this
sentence on such Salary Adjustment Date. The Base Salary shall also be reviewed,
at least annually,  for merit increases and may, by action and in the discretion
of the Board, be increased at any time or from time to time. The Base Salary, if
so increased, shall not thereafter be decreased for any reason.

     2.2 Incentive  Bonus.  Subject to Section 2.3 below, the Executive shall be
entitled to an incentive bonus for each of the Company's fiscal years during the
Employment  Period (the "Incentive  Bonus"),  commencing with an Incentive Bonus
for the Company's fiscal year ending 2006. The Incentive Bonus shall be equal to
five (5%) percent of the Company's  Pre-Tax  Consolidated Net Income (defined in
Section 2.4(c) below);  provided,  however, that the Executive's Incentive Bonus
for any fiscal year shall not exceed  ninety  (90%)  percent of the  Executive's
Base  Salary for such  fiscal  year.  The Company  shall pay the  Executive  the
Incentive Bonuses due hereunder as soon as reasonably  possible after the end of
the  Company's  fiscal  year,  but in no event later than the 91st day after the
last day of the Company's  fiscal year for which the  Incentive  Bonus is due to
the Executive.  Except as otherwise provided in Section 4. 1, if the Executive's
employment  is  terminated  for cause  pursuant  to Section 4. 1 or by notice of
non-renewal as provided in Section 1. 1, then the Executive shall be entitled to
an  Incentive  Bonus  equal to the total  Incentive  Bonus  that would have been
payable to the Executive for the fiscal year if the  Executive's  employment had
not been terminated, multiplied by the number of days in the fiscal prior to and
including the date of termination and divided by 365.

     2.3  Approval of  Remuneration.  In the event that the  Company  shall be a
publicly held within the meaning of Section 162(m) of the Internal  Revenue Code
of 1986,  as amended (the "Code") and the  Executive is a covered  employee with
remuneration  (within the meaning of such Code  section)  for the fiscal year of
the  Company  expected  to  exceed  $1,000,000,  then,  to the  extent  that the
incentive  bonus  anticipated  for such  fiscal  year  payable to the  Executive
pursuant to Section 2.2 or any additional performance based compensation payable
to the  Executive  pursuant to Section 2.1 (other than Base Salary and increases
to  Base  Salary  as  provided  in  Section  2.1)   (collectively   "Performance
Compensation")  when added together with the Executive's other remuneration from
the Company for such fiscal year is expected to cause the total  remuneration to
the Executive for such fiscal year to exceed $1,000,000 ("Excess Remuneration"),
the Company  shall  timely cause the  procedures  set forth below to be observed
with respect to such Performance  Compensation  under Section 2.1 first and then
with respect to such Performance  Compensation under Section 2.2 for such fiscal
year in an amount not to exceed to the lesser of (i) the Excess Remuneration for
such fiscal year or (ii) the aggregate Performance  Compensation for such fiscal
year ("Excess Performance Compensation").

     (a) The performance goals for such Excess Performance Compensation shall be
determined and approved by a compensation committee of the Board of Directors of
the Company which shall be compromised solely of two or more outside directors.

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     (b) The material terms under which the Excess  Performance  Compensation is
paid,  including the performance  goals,  shall be disclosed to shareholders and
approved by a majority of the vote in a separate shareholder vote before payment
of such Excess Performance Compensation.

     (c)  Before  any  payment  of such  Excess  Performance  Compensation,  the
compensation  committee of the Board referred to in the preceding Section 2.3(a)
certifies that the  performance  goals and any other material terms were in fact
satisfied.

The  provisions  of this  Section  2.3 are  intended to comply with and shall be
interpreted in accordance  with the  requirements of Section 162(m) of the Code,
and accordingly,  if the Board and the Company follow the foregoing requirements
and the Excess Performance Compensation shall be disapproved by the Board or the
shareholders  in accordance with said  requirements,  the Executive shall not be
paid the  Excess  Performance  Compensation  for the fiscal  year at issue.  The
compensation  committee of the Board and the  shareholders  may elect to approve
(but not to disapprove) as a plan all Excess Performance  Compensation which may
become payable to the Executive  under this Agreement in the manner  provided in
Sections 2.3(a) and 2.3(b), respectively,  for the entire term of this Agreement
in the initial vote of the compensation  committee  approving this Agreement and
in the  next  shareholders'  meeting  following  such  vote of the  compensation
committee.  In the event that the Executive's  remuneration for such fiscal year
shall not exceed  $1,000,000  or the Company  and/or the Board fails to observe,
take or cause to take any of the foregoing  actions  required under this Section
2.3 in a timely  manner,  then the  Executive  shall be paid the full  amount of
remuneration  anticipated  to  be or  actually  subject  to  this  Section  2.3,
notwithstanding that all or a portion of such remuneration may not be deductible
by the Company under the Code.

     2.4  Definitions.  For purpose of this Section 2 the following  definitions
shall apply:

     (a) "Gross  Revenue" shall mean the annual  consolidated  gross revenues of
the  Company  as  reflected  on  the  Company's  audited  financial  statements,
increased by the gross revenue of any subsidiary, partnership,  joint-venture or
other  investment  in which the  Company  owns  fifty  percent  (50%) or greater
capital,  equity  and/or  income  interest and the gross revenue of which is not
reflected in the  Company's  gross  revenues as shown on the  Company's  audited
financial  statements.  The Gross  Revenue  of the  Company  hereunder  shall be
determined by the Company's  independent  Auditors in accordance  with generally
accepted  accounting  principles  and  auditing  standards,  both  applied  on a
consistent  basis with prior periods,  except that, for purposes of this Section
2.4 only,  the  amount of Gross  Revenues  for any  fiscal  year of the  Company
consisting of less than twelve (12) full and  consecutive  calendar months shall
be annualized on the basis of a twelve (12) month year.

     (b)  "Percentage  Increase  in Gross  Revenue"  shall  mean the  percentage
increase  in  Gross  Revenues  for  the  Company's  fiscal  year  ending  on  or
immediately  preceding the Salary  Adjustment  Date (defined in Section 2. 1) as
compared  to the Gross  Revenues  for the  Company's  second  (2nd)  fiscal year
immediately preceding the Salary Adjustment Date.

     (c) "Pre-Tax  Consolidated  Net Income" shall mean the Company's annual net
income before extraordinary items and income taxes as reflected in the Company's
audited  financial  statements for the relevant  fiscal period.  For purposes of
this Agreement,  the Company's Pre-Tax  Consolidated Net Income for any complete
fiscal year shall not be less than zero. The Pre-Tax  Consolidated Net Income of
the  Company  hereunder  shall be as  determined  by the  Company's  independent
auditors  in  accordance  with  generally  accepted  accounting  principles  and
auditing  standards,  both  applied on a  consistent  basis with prior  periods,
except  that,  for  purposes  of this  Section  2.4 only,  the amount of Pre-Tax
Consolidated  Net Income for any fiscal year of the Company  consisting  of less
than twelve (12) full and consecutive calendar months shall be annualized on the
basis of a twelve (12) month year.

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3. OTHER BENEFITS.

     3.1  Expense  Reimbursement.  The  Company  shall  promptly  reimburse  the
Executive for all reasonable expenses actually paid or incurred by the Executive
in the  course of and  pursuant  to the  Businesses  of the  Company,  including
expenses for travel and  entertainment.  The Executive  shall account and submit
reasonably  supporting  documentation  to the  Company  in  connection  with any
expense reimbursement hereunder in accordance with the Company's policies.

     3.2 Other  Benefits.  During  the  Employment  Period,  the  Company  shall
continue in force all existing  comprehensive  major medical and hospitalization
insurance coverages,  including dental coverages, either group or individual for
the  Executive  and his  dependents;  shall  continue in force all existing life
insurance for the Executive; and shall continue in force all existing disability
insurance for the Executive (collectively,  the "Policies"),  which Policies the
Company  shall keep in effect at its sole  expense  throughout  the term of this
Agreement.  The Executive  and/or the  Executive's  family,  as the case may be,
shall be eligible for  participation in and shall receive all benefits under all
welfare benefit plans, practices,  policies and programs provided by the Company
(including,  without  limitation,  medical,  prescription,  dental,  disability,
salary  continuance,  employee  life,  group life,  accidental  death and travel
accident  insurance  plans and programs) to the extent  applicable  generally to
senior executive officers or other peer executives of the Company. The Executive
shall also be entitled to participate  in all incentive,  savings and retirement
plans, practices, policies and programs and such other perquisites as applicable
generally to senior executive  officers or other peer executives of the Company.
Nothing paid to the Executive under any plan or arrangement  presently in effect
or made available in the future shall be deemed to be in lieu of the Base Salary
payable to the Executive pursuant to this Agreement.

     3.3 Working  Facilities.  The Company shall  furnish the Executive  with an
office,  a secretary  and such other  facilities  and  services  suitable to his
position and adequate for the performance of his duties hereunder.

     3.4  Vacation.  The  Executive  shall be  entitled  to such  number of paid
vacation days in each calendar year as determined by the Board from time to time
for its senior  executive  officers,  but in no event less than six (6) weeks of
paid vacation  during each calendar  year.  Unused  vacation days may be carried
forward from year to year at the option of the Executive.

     3.5  Automobile.  The Company shall pay the Executive,  on a monthly basis,
one hundred  (100%)  percent of the  Executive's  monthly  Automobile  Expenses.
"Automobile  Expenses" shall mean all automobile  loan (including  principal and
interest),  automobile lease or similar payments for an automobile designated by
the Executive and all fuel,  insurance,  repairs and  maintenance  expenses with
respect to such automobile.

     3.6 Stock Bonus. The company shall issue to the executive,  Colm J. King, a
bonus of Fifty Thousand (50,000) Shares of Restricted Common Stock annually,  at
the beginning of each fiscal year.

4. TERMINATION.

     4.1 Termination for Cause.

     (a) The Company may terminate  this  Agreement for Cause (as defined below)
in strict accordance with the following  procedure:  Upon a determination by not
less than three-quarters  (3/4) of the entire membership of the Board that Cause
may exist under Section 4.1(b)(i) or 4.1(b)(ii) below, the Company shall cause a
special meeting of the Board (the "Special Board Meeting") to be called and held
at a time mutually  convenient to the Board and the  Executive,  but in no event
later than ten (10) business days after the Executive's receipt of a copy of the
resolution  of the Board  stating  that (i) in the Board's  good faith  opinion,
Cause may exist to  terminate  the  Executive's  employment  with the Company in
accordance  with this  Agreement;  and (ii)  specifying  the  particulars of the
alleged  conduct giving rise to such Cause in detail.  The Executive  shall have
the right to appear  before the Special  Board Meeting with legal counsel of his
choosing to refute any  determination  of Cause  specified in such  notice.  The
Executive  shall  also  have  the  right  to  have a  recorded  or  stenographic

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transcription  made  of  the  Special  Board  Meeting.  Any  termination  of the
Executive's  employment  by  reason  of such  Cause  determination  shall not be
effective  unless and until (i) the  Executive is afforded such  opportunity  to
appear  before  the Board as  provided  herein  and (ii)  there  shall have been
delivered  to  the  Executive  a  copy  of a  resolution,  duly  adopted  by the
affirmative vote of not less than three-quarters  (3/4) of the entire membership
of the Board, adopting the Board's final determination,  after the appearance of
the Executive as provided herein,  stating that in the good faith opinion of the
Board,  the Board  finds Cause for the  termination  of this  Agreement  and the
Executive's  employment  with the Company and specifying the particulars of acts
or omissions upon which the Company is relying for such termination.

     (b) As used in this Agreement, the term "Cause" shall only mean:

     (i) A material breach by the Executive of the Executive's obligations under
Section  1.2 hereof  (other  than as a result of  incapacity  due to physical or
mental  illness)  which  is  (a)  demonstrably  willful  and  deliberate  on the
Executive's part; and (b) which is committed in bad faith and without reasonable
belief that such breach is in the best  interests of the Company;  and (c) which
is not remedied in a reasonable  period of time after receipt of written  notice
from the Company specifying such breach; or

     (ii) The conviction of the Executive of a felony based upon a violent crime
or a sexual crime involving baseness, vileness or depravity.

     (iii) The Termination Date for a termination of this Agreement  pursuant to
this  Section  4.1 shall be the date  specified  by the Board in the  resolution
finding  Cause,  which date shall not be earlier  than 30 days after the date of
the Special Board Meeting.

     (c) Upon any  termination of this  Agreement  pursuant to this Section 4.1,
the  Executive  shall be entitled to the  compensation  specified in Section 5.1
hereof.

     4.2  Disability.   The  Company  may  terminate  this  Agreement  upon  the
Disability  (as defined  below) of the  Employee in strict  accordance  with the
following  procedure:   Upon  a  good  faith  determination  by  not  less  than
three-quarters  (3/4) of the entire  membership  of the Board that the Executive
has suffered a Disability,  the Company shall give the Executive  written notice
of its intention to terminate  this  Agreement due to such  Disability.  In such
event, the Executive's  employment with the Company shall terminate effective on
the 30th day after  receipt of such  notice by the  Executive  (the  "Disability
Effective  Date"),  provided  that,  within the 30 days after such receipt,  the
Executive  shall not have returned to full-time  performance of the  Executive's
duties.  For purposes of this Agreement,  "Disability" shall mean the absence of
the Executive from the Executive's  duties with the Company on a full-time basis
for 120  consecutive  calendar days as a result of  incapacity  due to mental or
physical  illness  which is  determined to be total and permanent by a physician
selected by the Company or its insurers and  acceptable  to the Executive or the
Executive's legal  representative  (such agreement as to acceptability not to be
withheld unreasonably). The Termination Date for a termination of this Agreement
pursuant  to this  Section 4.2 shall be the date  specified  by the Board in the
resolution finding that the Executive has suffered a Disability,  which date may
not be any  earlier  than 30 days  after the date of Board's  finding.  Upon any
termination of this Agreement  pursuant to this Section 4.2, the Executive shall
be entitled to the compensation specified in Section 5.2 hereof.

     4.3 Death. This Agreement shall terminate  automatically  upon the death of
the  Executive,  without  any  requirement  of  notice  by  the  Company  to the
Executive's  estate.  The date of the Executive's death shall be the Termination
Date for a termination of this Agreement  pursuant to this Section 4.3. Upon any
termination of this Agreement  pursuant to this Section 4.3, the Executive shall
be entitled to the compensation specified in Section 5.3 hereof.

     4.4 Termination by the Executive for Good Reason or by the Company, Without
Cause.  The Executive may terminate his employment under this Agreement for Good
Reason (defined below),  or the Company may terminate such  employment,  without
cause,  as provided  in this  Section  4.4.  "Good  Reason"  shall mean that the
Company  (through its Board or otherwise) has (i) assigned the Executive  duties
other than those  contemplated  by Section  1.2 above  without  the  Executive's
consent; (ii) limited the powers of the Executive in any manner not contemplated
by Section 1.2 above;  or (iii)  materially  breached any of its other covenants

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and  obligations  hereunder.  A purported  termination  of this Agreement by the
Company  pursuant to any provision of this Section 4 which is disputed and which
is finally  determined not to have been proper shall be deemed a material breach
by the  Company  of this  Agreement.  To  terminate  his  employment  under this
Agreement for Good Reason,  the Executive  shall give the Company written notice
of the Executive's  intent to terminate his employment with the Company pursuant
to this  Section  4.4,  which  notice  shall  specify  the  Executive's  reasons
therefore  in detail.  The  Company  shall have 30 days from its receipt of such
notice  to  attempt  to cure  any  such  condition  giving  rise to Good  Reason
hereunder. If such cure is acceptable to the Executive, the Executive may accept
such cure and continue this Agreement in full force and effect as if the initial
notice  of  termination  under  this  Section  4.4 had  not  been  given  by the
Executive;  provided, however, that acceptance of such cure and the continuation
of the  Executive's  employment  shall not act as a waiver of any  rights of the
Executive  with respect to such actions or inactions of the Company and/or limit
the Executive's right to terminate this Agreement for the same or similar action
or inaction by the Company following such cure. If the Executive does not accept
such cure, the  Termination  Date of this Agreement  shall be the 30th day after
the Company's  receipt of the Executive's  termination  notice. To terminate the
Executive's  employment  without cause in accordance  with this Section 4.4, the
Company  shall  give the  Executive  written  notice  of such  termination.  The
Termination Date shall be the date specified by the Company in such notice. Upon
any  termination of this  Agreement  pursuant to this Section 4.4, the Executive
shall be entitled to the  compensation  specified in Section 5.4 hereof,  except
that if such termination by the Company occurs within a period beginning six (6)
months  before and ending one (1) year after a Change in Control of the  Company
(defined in Section 4.5 below),  then such termination shall be deemed to be due
to a Change in Control of the Company and the Executive shall be entitled to the
compensation  specified  in Section  5.5 hereof and any other  compensation  and
benefits  provided in this  Agreement in connection  with a Change in Control of
the Company.

     4.5  Termination  by the Executive Upon a Change in Control of the Company.
The Executive may terminate his employment under this Agreement upon a Change in
Control of the Company.  For purposes of this Section 4.5, "Change in Control of
the Company" shall mean (i) the  acquisition by a person or an entity or a group
of persons and  entities,  directly  or  indirectly,  of more than thirty  (30%)
percent of the  Company's  common stock in a single  transaction  or a series of
transactions  (hereinafter  referred  to as a "30% Change in  Control");  (ii) a
merger or other form of  corporate  reorganization  resulting in an actual or de
facto 30 % Change in  Control;  or (iii) the  failure  of  Applicable  Directors
(defined  below)  to  constitute  a  majority  of the Board  during  any two (2)
consecutive  year  period  after  the  date of  this  Agreement  (the  "Two-Year
Period"). "Applicable Directors" shall mean those individuals who are members of
the Board at the  inception  of a  Two-Year  Period and any new  director  whose
election  to the Board or  nomination  for  election  to the Board was  approved
(prior to any vote thereon by the shareholders) 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 Two-Year  Period at issue or whose  election or nomination  for
election during such Two-Year Period was previously approved as provided in this
sentence.  To terminate his  employment  under this  Agreement  upon a Change in
Control of the Company, the Executive shall give the Company written termination
notice.  The Termination Date shall be the date specified in such notice,  which
date may not be  earlier  than 30 days or later  than 90 day from the  Company's
receipt of such notice.  Upon any termination of this Agreement pursuant to this
Section 4.5, the Executive  shall be entitled to the  compensation  specified in
Section  5.5 hereof and any other  compensation  and  benefits  provided in this
Agreement in connection with a Change in Control of the Company.

     4.6  Termination  by the  Executive  Due to Poor Health.  The Executive may
terminate his employment under this Agreement upon written notice to the Company
if the  Executive's  health should become  impaired to any extent that makes the
continued  performance of the Executive's duties under this Agreement  hazardous
to the Executive's  physical or mental health or his life (regardless of whether
such  condition  would be deemed a  Disability  under any other  section of this
Agreement),  provided that the Executive shall have furnished the Company with a
written  statement from a qualified  doctor to that effect and provided  further
that, at the Company's  written request and expense,  the Executive shall submit
to a medical  examination  by a  qualified  doctor  selected  by the Company and
acceptable  to  the  Executive  (which  acceptance  shall  not  be  unreasonably
withheld)  which doctor shall  substantially  concur with the conclusions of the
Executive's  doctor.  The  Termination  Date  shall  the date  specified  in the
Executive's  notice to the  Company,  which date may not be earlier than 30 days
nor  later  than 90 day from the  Company's  receipt  of such  notice.  Upon any
termination of this Agreement  pursuant to this Section 4.6, the Executive shall
be entitled to the compensation specified in Section 5.6 hereof.

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     4.7  Non-renewal.  In the event that either party to this  Agreement  shall
give  notice to the other  party  that this  Agreement  will not be  renewed  as
provided in Section 1.1 hereof,  then this Agreement  shall terminate at the end
of such final term of this  Agreement.  The last day of such final term shall be
the  Termination  Date for a termination  pursuant to this Section 4.7. Upon any
termination of this Agreement  pursuant to this Section 4.7, the Executive shall
be entitled to the compensation specified in Section 5.7.

     4.8  Termination  by  the  Executive.   The  Executive  may  terminate  his
employment under this Agreement for any reason  whatsoever upon not less than 30
days prior  written  notice to the Company.  In the event that  reference to the
applicable  termination section of this Agreement is not made in the Executive's
notice  of  termination  to the  Company  and the  reason  for  the  Executive's
termination  can be construed to occur under this Section 4.8 or any of Sections
4.2,  4.4,  4.5, 4.6 or 4.7 above,  then the  Executive  shall have the right to
specify  which section of this Section 4 shall  control.  The  Termination  Date
under this Section 4.8 shall be the date specified in the Executive's  notice to
the  Company,  which  date may not be  earlier  than 30 days from the  Company's
receipt of such notice.  Upon any termination of this Agreement pursuant to this
Section 4.8, the Executive  shall be entitled to the  compensation  specified in
Section 5.7 hereof.

5. COMPENSATION AND BENEFITS UPON TERMINATION.

     5.1 Cause.  If the  Executive's  employment  is terminated  for Cause,  the
Company  shall pay the Executive  his full Base Salary  through the  Termination
Date specified in Section 4.1 at the rate in effect at the Termination Date, and
the  Company  shall  have no  further  obligation  to the  Executive  under this
Agreement.

     5.2  Disability.  During any period that the Executive is unable to perform
his duties  under this  Agreement as a result of  incapacity  due to physical or
mental  illness,  the Executive  shall  continue to receive his full Base Salary
until the Termination Date specified in Section 4.2. After such termination, the
Executive shall receive in equal monthly installments 100% of his Base Salary at
the rate in effect at the  Termination  Date for one year and thereafter for two
additional  years at an annual rate equal to 50% of the Base Salary  which would
have  been in  effect  under  this  Agreement  reduced,  in each  case,  for any
disability  payments  otherwise  payable by or pursuant to plans provided by the
Company.

     5.3 Death. Upon the Executive's  death, the Company shall pay to the person
designated  by the Executive in a notice filed with the Company or, if no person
is  designated,  to his  estate (i) any  unpaid  amounts of his Base  Salary and
accrued vacation to the date of the Executive's death; and (ii) any payments the
Executive's spouse,  beneficiaries or estate may be entitled to receive pursuant
to any pension or employee benefit plan or life insurance policy or similar plan
or policy  then  maintained  by the  Company.  Upon full  payment of all amounts
required to be paid under this Section  5.3,  the Company  shall have no further
obligation under this Agreement.

     5.4  Termination  by the  Executive  for  Good  Reason.  If  the  Executive
terminates  this  Agreement  for  Good  Reason  or the  Company  terminates  the
Executive's  employment  without cause in accordance with and subject to Section
4.4, then (i) the Company  shall pay the Executive his full Base Salary  through
the  Termination  Date  specified  in Section  4.4 at the rate in effect at such
Termination  Date;  and  (ii) in  lieu of any  further  salary  payments  to the
Executive for periods subsequent to the Termination Date and in consideration of
the rights of the Company  under  Section 8, the Company  shall pay as severance
pay to the Executive on the fifth day following the Termination Date, a lump sum
amount  equal to two  hundred  (200%)  percent of the sum of (a) the annual Base
Salary at the highest rate in effect during the 12 months immediately  preceding
the  Termination  Date;  plus (b) the average of the three annual bonus payments
paid with  respect to the  preceding  three years under this  Agreement  (or the
number of years the  Executive  has been  employed  with the Company  under this
Agreement or otherwise if less than three years). In addition, the Company shall
pay, upon demand by the Executive,  all other damages to which the Executive may
be entitled as a result of the Company's  termination  of his  employment  under
this Agreement, including all reasonable legal fees and expenses incurred by him
in  contesting  or  disputing  any such  termination  or in seeking to obtain or
enforce any right or benefit under this Agreement;  provided,  however, that the
Executive  shall  only be  entitled  to such  legal  fees  and  expenses  if the
Executive  prevails  in  any  arbitration  or  other  proceeding  contesting  or

                                       7
<PAGE>
disputing  any such  termination  or seeking  to obtain or enforce  any right or
benefit under this Agreement or enters into a settlement of any of the foregoing
with the Company.

     5.5 Termination by the Executive Upon a Change in Control. If the Executive
terminates  this Agreement  upon a Change in Control of the Company  pursuant to
Section 4.5 or the Company  terminates the Executive's  employment in accordance
with Section 4.4 during a period  beginning six (6) months before and ending one
(1) year after a Change in Control of the Company (defined in Section 4.5), then
(i) the  Company  shall pay the  Executive  his full  Base  Salary  through  the
Termination  Date  specified in Section 4.5 or Section 4.4 , as the case may be,
at the rate in effect at such Termination Date; (ii) the Executive shall receive
all other  compensation  and benefits  provided in this  Agreement in connection
with a termination of employment due to a Change in Control of the Company;  and
(iii) in lieu of any  further  salary  payments  to the  Executive  for  periods
subsequent  to such  Termination  Date (but without  affecting  compensation  or
benefits to the  Executive in accordance  with the  preceding  clauses 5.50) and
5.500) and in  consideration  of the rights of the Company  under Section 8, the
Company  shall pay as severance  pay to the Executive on the fifth day following
the Termination Date, a lump sum amount equal to two hundred and ninety nine and
99/100  (299.99%)  percent of the average taxable  compensation of the Executive
for the 5 taxable years prior to such  termination (all as determined to compute
the "base  amount" for purposes of Section 280G of the Internal  Revenue Code of
1986, as amended (the  "Code")),  reduced,  but not below zero, by the amount of
compensation or benefits from the Company to the Executive which would cause the
severance  pay  payable  pursuant  to this  Section  5.5 to  exceed  the  excess
parachute payment limitation imposed under Section 280G of the Code.

     5.6  Termination  by the  Executive  Due to Poor Health.  If the  Executive
terminates this Agreement  pursuant to Section 4.6 hereof, the Company shall pay
to the Executive any unpaid  amounts of his Base Salary and accrued  vacation to
the  Termination  Date  specified  in Section 4.6 plus any  disability  payments
otherwise payable by or pursuant to plans provided by the Company.

     5.7 Non-renewal or other termination. If this Agreement terminates pursuant
to Section 4.7 or Section 4.8 hereof, the Company shall pay to the Executive any
unpaid amounts of his Base Salary and accrued  vacation to the Termination  Date
specified in Section 4.7 or Section 4.8, as the case may be.

     5.8 Health and  Medical  Plans.  The  Executive  shall be  entitled  to all
continuation of health, medical,  hospitalization and other programs as provided
by any  applicable  law and such  additional  benefits  as are  provided  by the
Company to its employees upon termination of employment with the Company.

     5.9 Mitigation.  The Executive shall not be required to mitigate the amount
of any payment  provided for in this Section 5 by seeking  other  employment  or
otherwise, nor shall the amount of any payment provided for in this Section 5 be
reduced by any compensation  earned by the Executive as the result of employment
by another employer after the Termination Date.

     5.10  Incentive  Bonus  and  Expense  Reimbursement.   If  the  Executive's
employment  with the  Company is  terminated  for any  reason,  other than Cause
(defined in Section  4.l (b)  above),  the  Executive  shall be paid,  solely in
consideration  for services rendered by the Executive prior to such termination,
an  incentive  bonus with  respect  to the  Company's  fiscal  year in which the
Termination  Date occurs,  in accordance with Section 2.2 hereof.  The Executive
shall be entitled to reimbursement  for reasonable  business  expenses  incurred
prior to the  Termination  Date,  subject,  however to the provisions of Section
3.1.

     5.11 Loans. Except as otherwise provided in this Agreement, the outstanding
balance  as of the  Termination  Date of any  demand  loan or  advance  from the
Company to the Executive  which has no set term or maturity shall be paid by the
Executive  to the  Company,  with  interest at the lowest rate  permissible  for
federal income tax purposes,  in sixty equal and successive monthly installments
of principal and interest  beginning on the first day of the month following the
Termination Date.

                                       8
<PAGE>
6. SUCCESSORS; BINDING AGREEMENT.

     6.1 Successors.  The Company shall require any successor (whether direct or
indirect, by purchase, merger,  consolidation or otherwise) acquiring a majority
of  the  Company's  voting  common  stock  or  any  other  successor  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.  Such  agreement  shall be  confirmed in a writing in form and
substance  satisfactory  to the  Executive.  Failure of the Company to obtain an
assumption of this Agreement prior to or  simultaneously  with 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 he would be  entitled  to under this  Agreement  if the  Executive  had
terminated his employment for Good Reason,  except for purposes of  implementing
the foregoing,  the date on which any such succession becomes effective shall be
deemed the Termination Date. As used in this Agreement, "Company" shall mean the
Company as previously  defined and any  successor to its business  and/or assets
which  executes  and delivers  the  agreement  provided for in this Section 6 or
which otherwise  becomes bound by all the terms and provisions of this Agreement
by operation of law.

     6.2 Benefit.  This  Agreement  and all rights of the  Executive  under 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  should die while any
amounts  would  still be  payable  to him under this  Agreement,  including  all
payments  payable under Section 5, if he had continued to live, all such amounts
shall be paid in accordance  with the terms of this Agreement to the Executive's
devisee,  legatee,  or other  designee  or,  if there is no such  designee,  the
Executive's estate.

7. CONFLICTS WITH PRIOR  EMPLOYMENT  CONTRACT.  Except as otherwise  provided in
this  Agreement,  this  Agreement  constitutes  the entire  agreement  among the
parties  pertaining to the subject matter hereof, and supersedes and revokes any
and all prior or existing  agreements,  written or oral, relating to the subject
matter hereof,  and this Agreement shall be solely  determinative of the subject
matter hereof.

8. NONCOMPETITION; UNAUTHORIZED DISCLOSURE; INJUNCTIVE RELIEF.

     8.1 No  Material  Competition.  Except with  respect to services  performed
under this Agreement on behalf of the Company, and subject to the obligations of
the Executive as an officer of the Company and the employment obligations of the
Executive under this Agreement,  the Executive agrees that at no time during the
Employment  Period  or,  for a period  of one  year  immediately  following  any
termination  of this  Agreement for any reason,  for himself or on behalf of any
other person, persons, firm, partnership, corporation or company:

     (a) Solicit or accept  business  from any  customers  of the Company or its
affiliates,  from any  prospective  customers  whose business the Company or any
affiliate  of the  Company is in the  process of  soliciting  at the time of the
Executive's  termination,  or from any  former  customer  which  had been  doing
business with the Company within one year prior to the Executive's termination;

     (b) Solicit any employee of the Company or its affiliates to terminate such
employee's employment with the Company; or

     (c) Engage in any  business  of the type  performed  by the  Company in the
geographical  are where the Company is  actively  doing  business or  soliciting
business if, within 30 days of the Executive  advising the Company in writing of
his proposed  business  activity,  the Board  determines in good faith that such
proposed business  activity is directly  competitive with a material part of the
business  of the  Company  and its  subsidiaries  (in the  aggregate)  and  such
competitive  business  activity is reasonably  likely to materially affect in an
adverse manner the  consolidated  sales,  profits or financial  condition of the
Company.  If the Board fails to advise the Executive within said thirty (30) day
period,  then the Board  shall be deemed to have  consented  to the  Executive's
engaging in such activity.

                                       9
<PAGE>
     8.2 Unauthorized Disclosure. During the Employment Period and for two years
following the termination of this Agreement for any reason,  the Executive shall
not,  without the  written  consent of the Board or a person  authorized  by the
Board or as may  otherwise  be required by law or court  order,  disclose to any
person,  other than an employee of the Company or person to whom  disclosure  is
reasonably  necessary or appropriate in connection  with the  performance by the
Executive  of  his  duties  as  an  executive  of  the  Company,   any  material
confidential information obtained by him while in the employ of the Company with
respect  to  any of  the  company's  customer,  suppliers,  creditors,  lenders,
investments  bankers  or  methods  of  marketing,  the  disclosure  of which the
Executive  knows will materially  damage the Company;  provided,  however,  that
confidential  information  shall not include any information  generally known to
the public (other than as a result of unauthorized  disclosure by the Executive)
or any  information of a type not otherwise  considered  confidential by persons
engaged in the same  business  or a business  similar to that  conducted  by the
Company.  For the period ending one year following the termination of employment
under this  Agreement for any reason,  the Executive  shall not  disclosure  any
confidential information of the type described above except as determined by him
to be reasonably  necessary in connection with any business or activity in which
he is then engaged or as otherwise required by law or court order.

     8.3 Injunction.  The Company and the Executive acknowledge that a breach by
the  Executive  of any of the  covenants  contained  in this Section 8 may cause
irreparable  harm or damage to the  Company or its  subsidiaries,  the  monetary
amount of which may be  virtually  impossible  to  ascertain.  As a result,  the
Executive  agrees that the Company shall be entitled to an injunction  issued by
any court of competent  jurisdiction enjoining and restraining all violations of
this  Section 8 by the  Executive  or his  associates,  affiliates,  partners or
agents,  and that the right to an injunction shall be cumulative and in addition
to all other remedies the Company may possess.

     8.4 Certain  Provisions.  The limitations of this Section 8 shall terminate
immediately  upon  termination  of this  Agreement if for any reason the Company
does not  fulfill  its  obligations  as  required  by  Sections  4 and 5 of this
Agreement;  provided,  however,  such termination shall not affect the rights of
the Executive to receive all payments he is entitled to receive under Section 5.
The  provisions  of this Section 8 shall apply during the time the  Executive is
receiving  Disability  payments from the Company as a result of a termination of
this Agreement pursuant to Section 4.2 hereof.

9.  ARBITRATION.  Any dispute or controversy  (except for disputes arising under
Section 8) arising under or in connection  with this Agreement  shall be settled
exclusively  by  arbitration  in  accordance  with  the  rules  of the  American
Arbitration Association then in effect (except to the extent that the procedures
outlined  below differ from such rules).  Within 7 days after receipt of written
notice from either party that a dispute exists and that arbitration is required,
both parties must within 7 business days agree on an acceptable  arbitrator.  If
the parties cannot agree on an arbitrator,  then the parties shall list the "Big
Six" accounting firms (other than the Company's  auditors) in alphabetical order
and the first firm that does not have a conflict of  interest  and is willing to
serve  will  be  selected  as  the  arbitrator.  The  parties  agree  to  act as
expeditiously as possible to select an arbitrator and conclude the dispute.  The
arbitrator  must  render his  decision  in writing  within 30 days of his or its
appointment.  The cost and expenses of the  arbitration  and of legal counsel to
the  prevailing  party  shall be borne by the  non-prevailing  party,  except as
otherwise  provided in  Sections  3.7 and 5.4  hereof.  Each party will  advance
one-half of the estimated fees and expenses of the  arbitrator.  Judgment may be
entered on the  arbitrator's  award in any court having  jurisdiction;  provided
that the Company shall be entitled to seek a restraining  order or injunction in
any court of competent jurisdiction to prevent any continuation of any violation
of Section 8 hereof.

10.  GOVERNING  LAW.  This  Agreement  shall be  governed  by and  construed  in
accordance  with the laws of the State of Florida without regard to its conflict
of laws  principles  to the  extent  that  such  principles  would  require  the
application of laws other than the laws of the State of Florida.

11.  NOTICES.  Any notice required or permitted to be given under this Agreement
shall be in writing  and shall be deemed to have been given  when  delivered  by
hand or when  deposited  in the United  States mail by  registered  or certified
mail, return receipt requested, postage prepaid, addressed as follows:

                                       10
<PAGE>
     If to the Company:                       If to the Executive:

     Cavit Sciences, Inc.                      Colm J. King
     100 E. Linton Blvd., Suite 106 B          606 Eagle Drive
     Delray Beach, Florida 33483               Delray Beach, Florida 33444

or to such other  addresses  as either  party  hereto may from time to time give
notice of to the other in the aforesaid manner.

12.  BENEFITS:  BINDING  EFFECT.  This Agreement shall be for the benefit of and
binding  upon  the  parties  hereto  and  their   respective   heirs,   personal
representatives,  legal  representatives,   successors  and,  where  applicable,
assigns.  Notwithstanding the foregoing,  neither party may assign its rights or
benefits hereunder without the prior written consent of the other party hereto.

13.  SEVERABILITY.  The  invalidity  of any one or more of the  words,  phrases,
sentences,  clauses or sections contained in this Agreement shall not affect the
enforceability of the remaining  portions of this Agreement or any part thereof,
all of which are inserted conditionally on their being valid in law, and, in the
event that any one or more of the words, phrases, sentences, clauses or sections
contained in this Agreement shall be declared  invalid,  this Agreement shall be
construed  as if such  invalid  word or words,  phrase or  phrases,  sentence or
sentences,  clause or clauses, or section or sections had not been inserted.  If
such  invalidity  is  caused by  length  of time or size of area,  or both,  the
otherwise invalid provision will be considered to be reduced to a period or area
which would cure such invalidity.

14.  WAIVERS.  The waiver by either party hereto of a breach or violation of any
term or  provision  of this  Agreement  shall not operate nor be  construed as a
waiver of any subsequent breach or violation.

15. DAMAGES.  Nothing contained herein shall be construed to prevent the Company
or the Executive from seeking and recovering from the other damages sustained by
either or both of them as a result of its or his breach of any term or provision
of this  Agreement.  In the event that either party  hereto  brings suit for the
collection  of any  damages  resulting  from,  or the  injunction  of any action
constituting, a breach of any of the terms or provisions of this Agreement, then
the  party  found  to be at fault  shall  pay all  reasonable  court  costs  and
attorneys'  fees of the other,  whether  such costs and fees are  incurred  in a
court of original jurisdiction or one or more courts of appellate jurisdiction.

16. NO THIRD PARTY  BENEFICIARY.  Nothing expressed or implied in this Agreement
is intended,  or shall be  construed,  to confer upon or give any person  (other
than the parties hereto and, in the case of the Executive,  his heirs,  personal
representative(s)  and/or legal  representative) any rights or remedies under or
by  reason  of  this  Agreement.  No  agreements  or  representations,  oral  or
otherwise,  express or implied,  have been made by either  party with respect to
the subject matter of this agreement which agreements or representations are not
set forth expressly in this Agreement,  and this Agreement  supersedes any other
employment agreement between the Company and the Executive.

17.  BOARD  APPROVAL;  AGREEMENT.  The Company  warrants and  represents  to the
Executive that this Agreement has been approved and authorized by the Board.  No
provisions of this Agreement may be modified,  waived or discharged  unless such
waiver  modification  or  discharge  is  agreed  to in a  writing  signed by the
Executive and the officer of the Company which is specifically designated by the
Board.

                                       11
<PAGE>
     IN WITNESS WHEREOF,  the undersigned have executed this Agreement as of the
date first above written.

                            CAVIT SCIENCES, INC., a
                            Florida  corporation

                            By: /s/ Colm J. King
                               --------------------------------
                            Name:  Colm J. King
                            Title: Sole Officer and Director

                            By: /s/ Harvery Judkowitz
                               --------------------------------
                            Name:  Harvey Judkowitz
                            Title: Director

                            By: /s/ Julio De Leon
                               --------------------------------
                            Name:  Julio De Leon
                            Title: Director

                               /s/ Colm J. King
                               --------------------------------
                               COLM J. KING, EXECUTIVE

                                       12================================================================================

                        THIS PURCHASE AGREEMENT BETWEEN:

PEI PIONEER EXPLORATION INC.
#620 - 800 West Pender Street
Vancouver, BC
V6C 2V6
Attention:  Tom Brady
---------------------

and

DAVID DEERING
7954 - 18th Avenue
Burnaby, BC
V3N 1J6

                   Re: SALE AND Acquisition of Mineral Claims,
                      SOUTHWESTERN BRITISH COLUMBIA, CANADA

The following  terms and  conditions  are  applicable  for the sale of 3 mineral
claims  near Yale,  British  Columbia,  Canada by David  Deering  (herein  after
referred to as "DD") to PEI Pioneer  Exploration  Inc. (herein after referred to
as "PEI"). Both DD and PEI agree to the following:

a)       DD will  transfer  title to three (3) mineral  claims listed in Exhibit
         "A"  and  outlined  in  Exhibit  "B" to PEI  within  60  days  of  this
         agreement.  These  claims  are  contiguous  hard  rock  mineral  claims
         covering _____ hectares.

b)       DD will  provide to PEI within 60 days of this  agreement a  geological
         report  summarizing the mineral claims,  particulars of recent sampling
         and  geological  investigation,  copies of all  records,  a budget  for
         further  work  and  recommendations,  and  all  other  information  and
         material  relevant to a geological report requisite for filing with the
         regulatory bodies.

<PAGE>

Page 2 of 12
--------------------------------------------------------------------------------

c)       DD will ensure that the claims shall be maintained in good standing for
         up to 3 months from the date of  agreement  and can provide  geological
         consulting  services  for the  claims.  All  assessment  costs  are the
         responsibility of PEI.

d)       DD shall sell 100% (one hundred percent)  interest in the claims to PEI
         subject to a 2% Net  Smelter  Royalty  (NSR) for a total of $7,500.  of
         which  $3,750 is due  within 60 days of  signature  and the  balance of
         $3,750 due within 180 days of signature.

PEI shall:

i)       Pay $3,750 to DD on or before October 25, 2005.

ii)      Provide the name and number of an individual or corporate Free Miner
         Certificate to transfer the claims into.

iii)     Pay $3,750 to DD on or before February 25, 2006.

By signature  witnessed below, the undersigned hereby acknowledge that they have
read and understood and agree to the aforementioned terms.

Dated at Vancouver,  British Columbia,  Canada this _____ day of ______________,
2005.

-------------------------------             -----------------------------
per PEI Pacific Exploration Inc.                              David Deering

Witness                                              Witness

-----------------------------               -----------------------------

-----------------------------               -----------------------------
Print name                                                    Print Name
<PAGE>

Page 3 of 12
--------------------------------------------------------------------------------

Footnotes to Agreement

1)       All dollar figures are denoted in the currency of the United States of
         America.

2)       The total to be paid by PEI to DD, or his agents or appointed third
         parties, for the claims is $7,500 inclusive of assessment.

3)       To  maintain  claims in  British  Columbia  annual  assessment  work is
         required of $0.40 per hectare (CDN) in year 1-3 per claim,  followed by
         $0.80  per  hectare  thereafter.  There  is a filing  fee of $0.04  per
         hectare.

4)       Attached are definitions of NSR.

<PAGE>

Page 4 of 12
--------------------------------------------------------------------------------

Advance Royalty Payments means from time to time payments to the Optionor by the
Optionee before Commencement of Commercial Production of Minerals.

Commencement of Commercial Production,  with respect to Minerals or Rock, as the
case may be, means:

(a)               if a mill is located on the subject property,  the last day of
                  a period of forty (40) consecutive days in which, for not less
                  than thirty (30) days, the mill processed Mineral or Rock from
                  the Property at 60% of its rated capacity; or

(b)               if no Mill is  located  on the  Property,  the last day of the
                  first  period of thirty (30)  consecutive  days  during  which
                  Mineral  or Rock  has been  shipped  from  the  Property  on a
                  reasonably  regular basis for the purpose of earning revenues;
                  or

(c)               with respect to Rock, following the 30th day of extraction for
                  commercial use.

No period of time during which ore or  concentrate  is shipped from the Property
for testing  purposes or during  which  milling  operations  are  undertaken  as
initial  tune-up  will  be  taken  into  account  in  determining  the  date  of
Commencement of Commercial Production.

Gross Rock Revenue means,  for any period,  the gross  proceeds  received by the
Optionee in that period from the sale of Rock  produced  from the Property  less
any  treatment,  beneficiation  or other  changes or  penalties  deducted by the
purchase to whom such Rock is shipped, less:

(a)               all costs of the Optionee associated with such sales involving
                  handling, weighing, sampling,  determination of water content,
                  insuring, packaging and transporting Rock;

(b)              the costs of marketing, including rebates or allowances made or
                  given; and

(c)               any sales,  severance,  gross production, privilege or similar
                  taxes (other than income taxes or mining taxes based on
                  income).

Minerals means the ores or concentrates of minerals,  as that term is defined in
the Mineral  Tenure Act  (British  Columbia),  and the rock that is part of such
ores and concentrates sold by the Optionee.

<PAGE>

Page 5 of 12
--------------------------------------------------------------------------------

Net Smelter Return means, for any period the difference between:

         (a)      the sum of:

              (i)          the gross  proceeds  received by the Optionee in that
                           period  from the sale of Minerals  produced  from the
                           property  to a party  that  is  arm's  length  to the
                           Optionee,  or that  would have been  received  by the
                           Optionee  if the  purchase  of the  Minerals  were at
                           arm's length to the Optionee; and

             (ii)          in the  case of the  sale of  Minerals  that are ores
                           that have not been processed in a Mill, the estimated
                           cost that would have been  incurred in  crushing  and
                           beneficiating  such  Minerals  in a Mill as agreed by
                           the parties or  otherwise  determined  by a competent
                           mining or metallurgical engineer;

and

         (b)      the sum of:

             (i)           all amounts paid on account of Advance Royalty
                           Payments;

             (ii)          any insurance costs in connection with shipping such
                           Minerals;

             (iii)         any costs of transport;

             (iv)          all costs of the Optionee associated with such sales
                           involving handling, weighing, sampling, determination
                           of water content, insuring and packaging;

             (v)           the costs of marketing, adjusted for rebates or
                           allowance made or given;

             (vi)          any sales, severance, gross production,  privilege or
                           similar  taxes  (other  than  income  taxes or mining
                           taxes based on income)  assessed on or in  connection
                           with the Minerals or the value thereof; and

             (vii)         any  treatment,  beneficiation  or other  charges  or
                           penalties  deducted  by any  smelter or  refinery  to
                           which such  Minerals  are shipped  that have not been
                           previously  deducted  in  the  computation  of  gross
                           proceeds.
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Net Smelter Royalty means the percentage of Net Smelter Return from time to time
payable to the Optionor after  Commencement  of Commercial  Production  from the
sale of Minerals.

Rock  means all  substances  that are mined  from the  Property  and sold by the
Optionee that are not Minerals.

Rock  Royalty  means the  amount of  royalty  from time to time  payable  to the
Optionor  after  Commencement  of  Commercial  Production  from the sale of Rock
pursuant to Section 11.06.

<PAGE>

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                                   Exhibit A:

                             Claim Transfers and FMC

SEE ATTACHED PDF FILE  EXHIBIT 10.1 PDF

<PAGE>

Page 11 of 12
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                                   Exhibit B:

                                    Claim Map

SEE ATTACHED PDF FILE  EXHIBIT 10.1 PDF

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00106-of-00352.parquet"}]]