Document:

EXHIBIT 10.1

                               MAC WORLDWIDE, INC.

                             2002 STOCK OPTION PLAN

                              ADOPTED JUNE 15, 2002

     1.     PURPOSE OF THE PLAN.  The MAC Worldwide, Inc. 2002 Stock Option Plan
            -------------------
(the  "Plan")  is  intended to advance the interests of MAC Worldwide, Inc. (the
"Company")  by  inducing  individuals,  and  eligible  entities  (as hereinafter
provided)  of  outstanding  ability  and  potential  to join and remain with, or
provide  consulting  or  advisory  services  to, the Company, by encouraging and
enabling eligible employees, non-employee Directors, consultants and advisors to
acquire proprietary interests in the Company, and by providing the participating
employees,  non-employee  Directors, consultants and advisors with an additional
incentive  to  promote  the  success  of  the  Company.  This is accomplished by
providing for the granting of "Options", which term as used herein includes both
"Incentive  Stock  Options"  and  "Nonstatutory  Stock  Options" (as hereinafter
defined)  to  employees,  non-employee  Directors,  consultants  and  advisors.

     2.     ADMINISTRATION.  The  Plan  shall  be  administered  by the Board of
            --------------
Directors  of  the  Company  (the  "Board  of Directors") or by a committee (the
"Committee")  chosen  by  the Board of Directors.  Except as herein specifically
provided,  the  interpretation and construction by the Board of Directors or the
Committee  of  any provision of the Plan or of any Option granted under it shall
be final and conclusive.  The receipt of Options by Directors, or any members of
the  Committee,  shall not preclude their vote on any matters in connection with
the  administration  or  interpretation  of  the  Plan.

     3.     SHARES  SUBJECT  TO  THE PLAN.  The stock subject to Options granted
            -----------------------------
under  the  Plan  shall be shares of the Company's Common Stock, par value $.001
per  share  (the "Common Stock"), whether authorized but unissued or held in the
Company's  treasury,  or  shares  purchased  from stockholders expressly for use
under  the  Plan.  The  maximum  number  of  shares of Common Stock which may be
issued  pursuant  to  Options  granted  under  the  Plan shall not exceed in the
aggregate  five  hundred  thousand  (500,000) shares, plus such number of Common
Stock  shares  issuable  upon  the  exercise  of  Reload Options (as hereinafter
defined)  granted  under  the Plan, subject to adjustment in accordance with the
provisions  of Section 13 hereof.  The Company shall at all times while the Plan
is  in force reserve such number of shares of Common Stock as will be sufficient
to  satisfy  the requirements of all outstanding Options granted under the Plan.
In the event any Option granted under the Plan shall expire or terminate for any
reason without having been exercised in full or shall cease for any reason to be
exercisable  in  whole or in part, the un-purchased shares subject thereto shall
again  be  available  for  Options  under  the  Plan.

     4.     PARTICIPATION.  The  class  of  individual  or  entity that shall be
            -------------
eligible  to  receive  Options  under  the  Plan  shall  be  (a) with respect to
Incentive  Stock Options described in Section 6 hereof, all employees (including
officers)  of  either  the Company or any subsidiary corporation of the Company,
and  (b)  with  respect  to  Nonstatutory  Stock  Options described in Section 7
hereof,  all  employees  (including  officers) and non-employee Directors of, or
consultants and advisors to, either the Company or any subsidiary corporation of
the  Company;  provided,  however,  that Nonstatutory Stock Options shall not be
granted  to any such consultants and advisors unless (i) bona fide services have
                                                         ---- ----
been  or are to be rendered by such consultant or advisor and (ii) such services
are  not in connection with the offer or sale of securities in a capital raising
transaction.   For purposes of the Plan, for an entity to be an eligible entity,
it  must  be included in the definition of "employee" for purposes of a Form S-8

<PAGE>
Registration  Statement  filed under the Securities Act of 1933, as amended (the
"Act").  The  Board  of  Directors or the Committee, in its sole discretion, but
subject  to  the  provisions  of  the  Plan,  shall  determine the employees and
non-employee  Directors of, and the consultants and advisors to, the Company and
its  subsidiary corporations to whom Options shall be granted, and the number of
shares  to  be  covered  by  each  Option, taking into account the nature of the
employment or services rendered by the individuals or entities being considered,
their  annual  compensation,  their  present  and potential contributions to the
success  of the Company, and such other factors as the Board of Directors or the
Committee  may  deem  relevant.

     5.     STOCK OPTION AGREEMENT.  Each Option granted under the Plan shall be
            ----------------------
authorized by the Board of Directors or the Committee, and shall be evidenced by
a  Stock  Option  Agreement  which  shall  be executed by the Company and by the
individual or entity to whom such Option is granted.  The Stock Option Agreement
shall  specify  the  number  of shares of Common Stock as to which any Option is
granted, the period during which the Option is exercisable, the option price per
share  thereof,  and  such other terms and provisions not inconsistent with this
Plan.

     6.     INCENTIVE  STOCK  OPTIONS.  The  Board of Directors or the Committee
            -------------------------
may  grant  Options  under  the  Plan,  which  Options  are intended to meet the
requirements  of  Section  422  of the Internal Revenue Code of 1986, as amended
(the  "Code"),  and  which are subject to the following terms and conditions and
any  other terms and conditions as may at any time be required by Section 422 of
the  Code  (referred  to  herein  as  an  "Incentive  Stock  Option"):

     (a)  No  Incentive  Stock Option shall be granted to individuals other than
employees  of  the  Company  or  of  a  subsidiary  corporation  of the Company.

     (b)  Each  Incentive  Stock  Option under the Plan must be granted prior to
the date which is ten (10) years from the date the Plan initially was adopted by
the  Board  of  Directors  of  the  Company.

     (c)  The  option  price  of  the  shares  of  Common  Stock  subject to any
Incentive  Stock  Option  shall  not  be  less than the fair market value of the
Common  Stock  at  the  time  such  Incentive Stock Option is granted; provided,
however,  if  an Incentive Stock Option is granted to an individual who owns, at
the  time  the Incentive Stock Option is granted, more than ten percent (10%) of
the  total  combined voting power of all classes of stock of the Company or of a
parent or subsidiary corporation of the Company (a "Principal Stockholder"), the
option  price  of  the  shares subject to the Incentive Stock Option shall be at
least  one  hundred  ten  percent  (110%) of the fair market value of the Common
Stock  at  the  time  the  Incentive  Stock  Option  is  granted.

     (d)  No  Incentive Stock Option granted under the Plan shall be exercisable
after  the expiration of ten (10) years from the date of its grant.  However, if
an  Incentive Stock Option is granted to a Principal Stockholder, such Incentive
Stock  Option  shall  not  be exercisable after the expiration of five (5) years
from the date of its grant.  Every Incentive Stock Option granted under the Plan
shall  be  subject  to  earlier  termination as expressly provided in Section 12
hereof.

     (e)  For  purposes of determining stock ownership under this Section 6, the
attribution  rules  of  Section  424(d)  of  the  Code  shall  apply.

<PAGE>

     (f)  For  purposes  of  the  Plan, and except as otherwise provided herein,
fair  market  value  shall  be  determined  by  the  Board  of  Directors or the
Committee.  If  the  Common Stock is listed on a national securities exchange or
traded  on  the  over-the-counter market, fair market value shall be the closing
selling  price or, if not available, the closing bid price or, if not available,
the  high  bid  price  of  the  Common  Stock quoted on such exchange, or on the
over-the-counter  market as reported by The Nasdaq Stock Market ("Nasdaq") or if
the Common Stock is not listed on Nasdaq, then by the National Quotation Bureau,
Incorporated,  as  the  case may be, on the day immediately preceding the day on
which the Option is granted or exercised, as the case may be, or, if there is no
selling  or  bid price on that day, the closing selling price, closing bid price
or  high  bid price on the most recent day which precedes that day and for which
such  prices  are  available.

     7.     NONSTATUTORY STOCK OPTIONS.  The Board of Directors or the Committee
            --------------------------
may grant Options under the Plan which are not intended to meet the requirements
of  Section  422  of the Code, as well as Options which are intended to meet the
requirements of Section 422 of the Code but the terms of which provide that they
will  not  be  treated  as  Incentive  Stock  Options  (referred  to herein as a
"Nonstatutory  Stock  Options").  Nonstatutory  Stock  Options  which  are  not
intended  to meet those requirements shall be subject to the following terms and
conditions:

          (a)  A  Nonstatutory  Stock Option may be granted to any individual or
     entity  eligible  to  receive  an Option under the Plan pursuant to Section
     4(b)  hereof.

          (b)  The  option  price  of  the  shares  of Common Stock subject to a
     Nonstatutory  Stock Option shall be determined by the Board of Directors or
     the  Committee,  in  its  sole  discretion, at the time of the grant of the
     Nonstatutory Stock Option; provided, however, the option price shall not be
     less  than  85%  of the fair market value of a share of Common Stock on the
     date  of  grant. For purposes of this Section 7(b), fair market value shall
     mean,  if the Common Stock is publicly traded, the closing trading price on
     the  day  preceding  the  date  of  the  grant.

          (c)  A Nonstatutory Stock Option granted under the Plan may be of such
     duration  as shall be determined by the Board of Directors or the Committee
     (subject  to  earlier  termination  as  expressly  provided  in  Section 11
     hereof).

     8.     RELOAD  FEATURE.  The  Board of Directors or the Committee may grant
            ---------------
Options  with  a  reload  feature.  A  reload  feature shall only apply when the
option  price  is  paid  by  delivery  of  Common Stock (as set forth in Section
13(b)(ii)).  The  Stock  Option  Agreement for the Options containing the reload
feature  shall  provide  that the Option holder shall receive, contemporaneously
with  the  payment of the option price in shares of Common Stock, a reload stock
option  (the  "Reload Option") to purchase that number of shares of Common Stock
equal  to  the  sum of (i) the number of shares of Common Stock used to exercise
the  Option,  and (ii) with respect to Nonstatutory Stock Options, the number of
shares  of Common Stock used to satisfy any tax withholding requirement incident
to  the  exercise  of  such  Nonstatutory  Stock  Option.  The terms of the Plan
applicable  to  the Option shall be equally applicable to the Reload Option with
the  following  exceptions:  (i)  the  option  price  per  share of Common Stock
deliverable  upon the exercise of the Reload Option, (A) in the case of a Reload
Option  which  is  an  Incentive  Stock  Option  being  granted  to  a Principal
Stockholder, shall be one hundred ten percent (110%) of the fair market value of

<PAGE>
a share of Common Stock on the date of grant of the Reload Option and (B) in the
case  of  a  Reload Option which is an Incentive Stock Option being granted to a
person  other  than  a  Principal Stockholder or is a Nonstatutory Stock Option,
shall  be  the fair market value of a share of Common Stock on the date of grant
of  the  Reload Option; and (ii) the term of the Reload Option shall be equal to
the  remaining  option term of the Option (including a Reload Option) which gave
rise  to  the  Reload  Option.  The  Reload  Option  shall  be  evidenced  by an
appropriate  amendment  to  the Stock Option Agreement for the Option which gave
rise  to  the  Reload  Option.  In  the  event  the  exercise price of an Option
containing  a reload feature is paid by check and not in shares of Common Stock,
the  reload  feature  shall  have  no application with respect to such exercise.

     9.     RIGHTS  OF  OPTION  HOLDERS.  The holder of any Option granted under
            ---------------------------
the  Plan  shall  have  none  of the rights of a stockholder with respect to the
stock  covered  by  his Option until such stock shall be transferred to him upon
the  exercise  of  his  Option.

     10.     ALTERNATE  STOCK  APPRECIATION  RIGHTS.
             --------------------------------------

     (a)  Concurrently  with,  or  subsequent  to,  the  award  of any Option to
purchase  one  or  more  shares  of  Common Stock, the Board of Directors or the
Committee may, in its sole discretion, subject to the provisions of the Plan and
such  other  terms and conditions as the Board of Directors or the Committee may
prescribe,  award  to  the  optionee  with respect to each share of Common Stock
covered  by an Option ("Related Option"), a related alternate stock appreciation
right  ("SAR"),  permitting  the  optionee  to  be  paid the appreciation on the
Related  Option  in  lieu of exercising the Related Option.  An SAR granted with
respect  to  an Incentive Stock Option must be granted together with the Related
Option.  An  SAR  granted  with  respect  to  a Nonstatutory Stock Option may be
granted  together  with,  or  subsequent  to,  the grant of such Related Option.

     (b)  Each  SAR  granted  under the Plan shall be authorized by the Board of
Directors  or  the  Committee,  and shall be evidenced by an SAR Agreement which
shall  be  executed  by the Company and by the individual or entity to whom such
SAR is granted.  The SAR Agreement shall specify the period during which the SAR
is  exercisable,  and  such other terms and provisions not inconsistent with the
Plan.

     (c)  An  SAR  may  be  exercised only if and to the extent that its Related
Option  is  eligible to be exercised on the date of exercise of the SAR.  To the
extent  that  a holder of an SAR has a current right to exercise, the SAR may be
exercised  from time to time by delivery by the holder thereof to the Company at
its principal office (attention: Secretary) of a written notice of the number of
shares  with  respect  to  which  it  is  being exercised.  Such notice shall be
accompanied by the agreements evidencing the SAR and the Related Option.  In the
event the SAR shall not be exercised in full, the Secretary of the Company shall
endorse  or  cause  to  be  endorsed on the SAR Agreement and the Related Option
Agreement  the  number  of  shares  which have been exercised thereunder and the
number  of  shares  that remain exercisable under the SAR and the Related Option
and  return  such  SAR  and  Related  Option  to  the  holder  thereof.

     (d)  The  amount of payment to which an optionee shall be entitled upon the
exercise of each SAR shall be equal to one hundred percent (100%) of the amount,
if  any,  by  which  the  fair  market  value  of a share of Common Stock on the
exercise  date  exceeds  the  exercise  price  per  share of the Related Option;
provided,  however,  the  Company may, in its sole discretion, withhold from any
such  cash  payment any amount necessary to satisfy the Company's obligation for
withholding  taxes  with  respect  to  such  payment.

     (e)  The  amount  payable by the Company to an optionee upon exercise of an
SAR  may,  in the sole determination of the Company, be paid in shares of Common
Stock, cash or a combination thereof, as set forth in the SAR Agreement.  In the

<PAGE>
case  of a payment in shares, the number of shares of Common Stock to be paid to
an  optionee  upon  such  optionee's  exercise  of an SAR shall be determined by
dividing  the  amount  of payment determined pursuant to Section 10(d) hereof by
the  fair  market  value of a share of Common Stock on the exercise date of such
SAR.  For  purposes  of  the Plan, the exercise date of an SAR shall be the date
the  Company  receives written notification from the optionee of the exercise of
the  SAR  in accordance with the provisions of Section 10(c) hereof.  As soon as
practicable after exercise, the Company shall either deliver to the optionee the
amount  of  cash  due  such  optionee  or a certificate or certificates for such
shares  of  Common  Stock.  All  such shares shall be issued with the rights and
restrictions  specified  herein.

     (f)  SARs  shall  terminate  or  expire upon the same conditions and in the
same  manner  as  the  Related  Options,  and as set forth in Section 12 hereof.

     (g)  The  exercise  of  any  SAR  shall  cancel  and terminate the right to
purchase  an  equal  number  of  shares  covered  by  the  Related  Option.

     (h)  Upon  the  exercise or termination of any Related Option, the SAR with
respect  to  such  Related Option shall terminate to the extent of the number of
shares  of  Common  Stock  as  to  which  the  Related  Option  was exercised or
terminated.

     (i)  An  SAR  granted pursuant to the Plan shall be exercisable only by the
optionee hereof during the optionee's lifetime and, subject to the provisions of
Section  10(f)  hereof.

     (j) An SAR granted pursuant to the Plan shall not be assigned, transferred,
pledged  or  hypothecated  in any way (whether by operation of law or otherwise)
and  shall  not  be  subject  to execution, attachment, or similar process.  Any
attempted  transfer,  assignment, pledge, hypothecation, or other disposition of
any SAR or of any rights granted thereunder contrary to the foregoing provisions
of  this Section 10(j), or the levy of any attachment or similar process upon an
SAR  or  such  rights,  shall  be  null  and  void.

     11.     TRANSFERABILITY.  No  Option  granted  under  the  Plan  shall  be
             ---------------
transferable  by  the individual or entity to whom it was granted otherwise than
by  will  or  the  laws of descent and distribution, and, during the lifetime of
such  individual, shall not be exercisable by any other person, but only by him.

     12.     TERMINATION  OF  EMPLOYMENT  OR  DEATH.
             --------------------------------------

     (a)  Subject  to the terms of the Stock Option Agreement, if the employment
of an employee by, or the services of a non-employee Director for, or consultant
or  advisor  to, the Company or a subsidiary corporation of the Company shall be
terminated  for  cause  or  voluntarily  by the employee, non-employee Director,
consultant  or  advisor, then his or its Option shall expire forthwith.  Subject
to  the  terms  of  the  Stock  Option  Agreement,  and  except  as  provided in
subsections (b) and (c) of this Section 12, if such employment or services shall
terminate  for  any  other reason, then such Option may be exercised at any time
within  three  (3)  months  after such termination, subject to the provisions of
subsection  (d)  of this Section 12. For purposes of the Plan, the retirement of
an  individual  either  pursuant  to a pension or retirement plan adopted by the
Company  or  at  the  normal retirement date prescribed from time to time by the
Company  shall be deemed to be termination of such individual's employment other
than  voluntarily  or  for  cause.  For  purposes  of  this  subsection  (a), an
employee,  non-employee Director, consultant or advisor who leaves the employ or

<PAGE>
services  of the Company to become an employee or non-employee Director of, or a
consultant  or  advisor  to,  a  subsidiary  corporation  of  the  Company  or a
corporation  (or  subsidiary or parent corporation of the corporation) which has
assumed  the  Option of the Company as a result of a corporate reorganization or
the  like shall not be considered to have terminated his employment or services.

     (b)  Subject  to  the terms of the Stock Option Agreement, if the holder of
an  Option  under  the  Plan  dies  (i) while employed by, or while serving as a
non-employee  Director  for  or  a  consultant  or  advisor to, the Company or a
subsidiary corporation of the Company, or (ii) within three (3) months after the
termination of his employment or services other than voluntarily by the employee
or  non-employee Director, consultant or advisor, or for cause, then such Option
may,  subject  to  the  provisions  of  subsection  (d)  of  this Section 12, be
exercised  by the estate of the employee or non-employee Director, consultant or
advisor,  or  by  a  person  who  acquired  the right to exercise such Option by
bequest  or  inheritance  or  by  reason  of  the  death  of  such  employee  or
non-employee  Director,  consultant  or  advisor at any time within one (1) year
after  such  death.

     (c)  Subject  to  the terms of the Stock Option Agreement, if the holder of
an  Option under the Plan ceases employment or services because of permanent and
total  disability  (within  the  meaning  of Section 22(e)(3) of the Code) while
employed  by,  or  while serving as a non-employee Director for or consultant or
advisor  to,  the  Company or a subsidiary corporation of the Company, then such
Option  may,  subject to the provisions of subsection (d) of this Section 12, be
exercised  at  any time within one (1) year after his termination of employment,
termination  of  Directorship or termination of consulting or advisory services,
as  the  case  may  be,  due  to  the  disability.

     (d)  An  Option  may not be exercised pursuant to this Section 12 except to
the  extent  that  the holder was entitled to exercise the Option at the time of
termination  of  employment,  termination  of  Directorship,  termination  of
consulting or advisory services, or death, and in any event may not be exercised
after  the  expiration  of  the  Option.

     (e)  For  purposes  of  this  Section 12, the employment relationship of an
employee  of  the  Company or of a subsidiary corporation of the Company will be
treated as continuing intact while he is on military or sick leave or other bona
fide  leave  of absence (such as temporary employment by the Government) if such
leave  does  not exceed ninety (90) days, or, if longer, so long as his right to
reemployment  is  guaranteed  either  by  statute  or  by  contract.

     13.     EXERCISE  OF  OPTIONS.
             ---------------------

     (a)  Unless  otherwise  provided  in the Stock Option Agreement, any Option
granted  under  the  Plan  shall be exercisable in whole at any time, or in part
from time to time, prior to expiration. The Board of Directors or the Committee,
in  its  absolute discretion, may provide in any Stock Option Agreement that the
exercise  of  any  Options  granted  under the Plan shall be subject (i) to such
condition  or  conditions  as  it  may  impose, including, but not limited to, a
condition  that  the  holder  thereof  remain  in  the  employ or service of, or
continue  to  provide  consulting  or  advisory  services  to,  the Company or a
subsidiary  corporation  of the Company for such period or periods from the date
of  grant  of  the  Option  as  the  Board of Directors or the Committee, in its
absolute  discretion,  shall  determine;  and (ii) to such limitations as it may
impose,  including,  but  not  limited  to, a limitation that the aggregate fair
market  value  of the Common Stock with respect to which Incentive Stock Options
are  exercisable  for  the  first  time by any employee during any calendar year
(under  all  plans  of  the  Company and its parent and subsidiary corporations)
shall  not  exceed one hundred thousand dollars ($100,000).  In addition, in the
event  that  under any Stock Option Agreement the aggregate fair market value of

<PAGE>
the  Common  Stock with respect to which Incentive Stock Options are exercisable
for  the first time by any employee during any calendar year (under all plans of
the  Company  and  its  parent  and subsidiary corporations) exceeds one hundred
thousand  dollars  ($100,000), the Board of Directors or the Committee may, when
shares  are  transferred  upon  exercise of such Options, designate those shares
which shall be treated as transferred upon exercise of an Incentive Stock Option
and  those  shares  which  shall  be  treated  as transferred upon exercise of a
Nonstatutory  Stock  Option.

     (b)  An Option granted under the Plan shall be exercised by the delivery by
the  holder  thereof  to  the  Company at its principal office (attention of the
Secretary)  of  written notice of the number of shares with respect to which the
Option is being exercised.  Such notice shall be accompanied, or followed within
ten  (10)  days of delivery thereof, by payment of the full option price of such
shares,  and payment of such option price shall be made by the holder's delivery
of  (i)  his check payable to the order of the Company, (ii) previously acquired
Common  Stock, the fair market value of which shall be determined as of the date
of  exercise,  (iii) by "cash-less" exercise, if cash-less exercise is otherwise
permitted by the Stock Option Agreement, or (iv) by the holder's delivery of any
combination  of  the  foregoing  (i),  (ii)  and  (iii).

     14.     ADJUSTMENT  UPON  CHANGE  IN  CAPITALIZATION.
             --------------------------------------------

     (a)  In the event that the outstanding Common Stock is hereafter changed by
reason  of  reorganization,  merger,  consolidation,  recapitalization,
reclassification,  stock  split-up,  combination of shares, reverse split, stock
dividend  or  the  like, an appropriate adjustment shall be made by the Board of
Directors or the Committee in the aggregate number of shares available under the
Plan,  in the number of shares and option price per share subject to outstanding
Options,  and  in  any  limitation  on  exerciseability  referred  to in Section
13(a)(ii)  hereof which is set forth in outstanding Incentive Stock Options.  If
the  Company  shall  be  reorganized,  consolidated,  or  merged  with  another
corporation,  the  holder  of  an  Option  shall be entitled to receive upon the
exercise  of  his Option the same number and kind of shares of stock or the same
amount  of  property,  cash  or  securities  as  he  would have been entitled to
receive  upon  the  happening  of  any  such  corporate event as if he had been,
immediately  prior  to such event, the holder of the number of shares covered by
his  Option; provided, however, that in such event the Board of Directors or the
Committee  shall  have  the  discretionary power to take any action necessary or
appropriate  to  prevent  any  Incentive Stock Option granted hereunder which is
intended to be an "incentive stock option" from being disqualified as such under
the  then  existing  provisions  of  the  Code  or any law amendatory thereof or
supplemental  thereto.

     (b)  Any  adjustment in the number of shares shall apply proportionately to
only the unexercised portion of the Option granted hereunder.  If fractions of a
share  would result from any such adjustment, the adjustment shall be revised to
the  next  lower  whole  number  of  shares.

     15.     FURTHER  CONDITIONS  OF  EXERCISE.
             ---------------------------------

     (a)  Unless  prior  to  the exercise of the Option the shares issuable upon
such  exercise  have been registered with the Securities and Exchange Commission
pursuant  to  the  Act,  the  notice  of  exercise  shall  be  accompanied  by a
representation or agreement of the person or estate exercising the Option to the
Company  to  the  effect  that  such  shares  are  being acquired for investment
purposes  and  not  with  a  view  to  the  distribution thereof, and such other
documentation  as  may  be  required  by  the  Company, unless in the opinion of
counsel  to  the  Company such representation, agreement or documentation is not
necessary  to  comply  with  such  Act.

<PAGE>

     (b)  The  Company  shall not be obligated to deliver any Common Stock until
it  has  been  listed  on each securities exchange or market on which the Common
Stock  may  then  be  listed  or  until  there  has  been qualification under or
compliance  with such federal or state laws, rules or regulations as the Company
may  deem  applicable.  The  Company shall use reasonable efforts to obtain such
listing,  qualification  and  compliance.

     16.     EFFECTIVENESS  OF THE PLAN.  The Plan shall become operative and in
             --------------------------
effect  on  such date as shall be fixed by the Board of Directors of the Company
in  its  sole  discretion  following  approval  by  vote  of  the holders of the
outstanding  voting  common  shares  of  the  Company.

     17.     TERMINATION,  MODIFICATION  AND  AMENDMENT.
             ------------------------------------------

     (a)  The  Plan  (but  not the Options or SARs granted pursuant to the Plan)
shall terminate on a date within ten (10) years from the date of its adoption by
the Board of Directors of the Company, or sooner as hereinafter provided, and no
Option  shall  be  granted  after  termination  of  the  Plan.

     (b)  The  Plan may from time to time be terminated, modified, or amended by
the  affirmative  vote of the holders of a majority of the outstanding shares of
capital  stock  of the Company present at a meeting of shareholders and entitled
to vote thereon (or, in the case of action by written consent, a majority of the
outstanding  shares  of  capital stock of the Company entitled to vote thereon).

     (c)  The  Board  of Directors may at any time, on or before the termination
date  referred  to  in Section 17(a) hereof, terminate the Plan, or from time to
time make such modifications or amendments to the Plan as it may deem advisable;
provided,  however,  that  the Board of Directors shall not, without approval by
the  affirmative  vote of the holders of a majority of the outstanding shares of
capital  stock  of the Company present at a meeting of shareholders and entitled
to vote thereon (or, in the case of action by written consent, a majority of the
outstanding  shares  of  capital stock of the Company entitled to vote thereon),
increase  (except as otherwise provided by Section 14 hereof) the maximum number
of  shares  as to which Incentive Stock Options may be granted hereunder, change
the  designation  of  the  employees  or  class of employees eligible to receive
Incentive  Stock  Options,  or  make  any  other  change which would prevent any
Incentive  Stock  Option granted hereunder which is intended to be an "incentive
stock  option"  from disqualifying as such under the then existing provisions of
the  Code  or  any  law  amendatory  thereof  or  supplemental  thereto.

     (d)  No  termination,  modification,  or amendment of the Plan may, without
the  consent  of  the  individual  or  entity to whom any Option shall have been
granted,  adversely  affect  the  rights  conferred  by  such  Option.

     18.     NOT  A CONTRACT OF EMPLOYMENT.  Nothing contained in the Plan or in
             -----------------------------
any  Stock  Option  Agreement executed pursuant hereto shall be deemed to confer
upon  any  individual or entity to whom an Option is or may be granted hereunder
any  right  to  remain  in  the employ or service of the Company or a subsidiary
corporation  of  the  Company  or  any  entitlement to any remuneration or other
benefit  pursuant  to  any  consulting  or  advisory  arrangement.

     19.     USE  OF PROCEEDS.  The proceeds from the sale of shares pursuant to
             ----------------
Options  granted  under  the Plan shall constitute general funds of the Company.

<PAGE>

     20.     INDEMNIFICATION OF BOARD OF DIRECTORS OR COMMITTEE.  In addition to
             --------------------------------------------------
such  other rights of indemnification as they may have, the members of the Board
of  Directors  or the Committee, as the case may be, shall be indemnified by the
Company  to  the  extent  permitted  under  applicable law against all costs and
expenses  reasonably  incurred  by  them in connection with any action, suit, or
proceeding  to  which they or any of them may be a party by reason of any action
taken  or  failure  to  act  under  or in connection with the Plan or any rights
granted thereunder and against all amounts paid by them in settlement thereof or
paid  by  them  in  satisfaction  of  a  judgment  of  any  such action, suit or
proceeding,  except  a  judgment  based  upon  a finding of bad faith.  Upon the
institution  of  any  such action, suit, or proceeding, the member or members of
the  Board  of  Directors or the Committee, as the case may be, shall notify the
Company  in writing, giving the Company an opportunity at its own cost to defend
the  same  before  such member or members undertake to defend the same on his or
their  own  behalf.

     21.     DEFINITIONS.  For  purposes  of  the  Plan,  the  terms  "parent
             -----------
corporation"  and  "subsidiary corporation" shall have the meanings set forth in
Sections  424(e)  and  424(f) of the Code, respectively, and the masculine shall
include  the  feminine  and  the  neuter  as  the  context  requires.

     22.     GOVERNING  LAW.  The  Plan  shall be governed by, and all questions
             --------------
arising  hereunder shall be determined in accordance with, the laws of the State
of  Delaware.EXHIBIT  10(i)

                 CONSTRUCTION, SALE AND LEASE AGREEMENT

     AGREEMENT made May   , 2002, between PUPIZION, INC., an Ohio corporation
with its principal offices located at 11472 Enyart Road, Cincinnati, Ohio
45140 ("Pupizion"), DIALYSIS CORPORATION OF AMERICA, a Florida corporation,
1344 Ashton Road, Suite 201, Hanover, Maryland 21076 ("DCA"), and DCA OF
CINCINNATI, LLC ("LLC"), with its principal offices presently c/o DCA.

                                 Recitals

     The LLC is owned 20% by Pupizion, 20% by BEPO, INC., an Ohio corporation
("Bepo"), and 60% by DCA; and

     DCA and LLC have entered into a Management Services Agreement dated
November 8, 2001 ("MSA") under which the LLC is to construct, develop and
operate an outpatient kidney dialysis center (the "Facility") in the
Cincinnati, Ohio area, which construction is to be undertaken and managed by
DCA; and

     DCA is acquiring a certain parcel of undeveloped land located at 7501
Affinity Plaza, Mt. Healthy, Ohio 45231 as more particularly described in
Exhibit A attached (the "Premises"); and

     DCA is to construct the Facility on the Premises (the "Construction"),
and upon completion, sell the Facility to Pupizion, and Pupizion shall lease
the Facility to the LLC; and

     The parties desire by this Agreement to provide for Construction of the
Facility by DCA, and upon its completion, the sale of the Facility to
Pupizion and its lease by Pupizion to the LLC;

     NOW, THEREFORE, in consideration of the mutual covenants and promises
contained in this Agreement and other good and valuable consideration
acknowledged by the parties, and the parties intending to be legally bound by
this Agreement, Pupizion, DCA and the LLC agree as follows:

     1.  Sale.  It is understood that essential to DCA entering into this
Agreement and its undertaking to Construct the Facility is Pupizion's
agreement, representation and covenant to acquire the Premises in accordance
with the terms of this Agreement, and to lease the Facility to the LLC.  DCA
has entered into a contract to purchase the Premises from Adelta, Inc., an
Ohio corporation (the "Owner"), which closing of DCA's acquisition of the
Premises is scheduled for the immediate future.  Subject to Section 4, DCA
agrees to sell and convey, and Pupizion agrees to purchase the Premises,
together with the buildings and improvements to be completed and constructed
by DCA, but exclusive of any personalty, equipment and fixtures, which shall
be the property of either DCA and/or the LLC.

     2.  Purchase Price.  The acquisition of the Premises and the Facility by
Pupizion shall be at a purchase price including (a) the cost of the purchase
of the Premises by DCA from the Owner, including among others, the purchase
price of the Premises and the removal of any liens, encumbrances and other
security interests or other imperfections in title to the Premises; (b) the
Construction Costs as defined in Section 9; (c) other closing costs; and (d)
adjustments for satisfaction of liens as provided in Section 5.

     The purchase price shall be payable by Pupizion as follows:

          (a) $15,000 on the execution of this Agreement, in cash or
certified check, receipt of which is acknowledged subject to collection;

<PAGE>

          (b) credit of $5,000 paid by Pupizion to the Owner (subparagraphs
(a) and (b) hereinafter referred to as "Ernest Money"); and

          (c) the balance in cash or wired funds (U.S. dollars) to DCA at the
Closing, subject to certain escrow funds as per Section 9.2.

     3.  Liens; Encumbrances and Title Policy.  The Premises are to be sold
and conveyed by DCA to Pupizion subject o the following:

          (a) Zoning and building regulations, ordinances and requirements
adopted by any government or municipal authority having jurisdiction, and
amendments and additions, which relate to the Premises.

          (b) Any state of facts as shown on an accurate survey of the
Premises, provided the same does not render the title unmarketable.

          (c) Such state of facts as a personal investigation may disclose.

          (d) Conditions, restrictions and limitations of record, none of
which prohibit the use of the Premises for the operation of an outpatient
dialysis center, or contain any reverter or forfeiture provisions.

     Pupizion shall obtain at its expense a title policy for cost of the
Premises, subject, however, to the matters set forth herein and the usual
standard exceptions of the title company issuing the policy.  Pupizion shall
use its best efforts to have such policy provide that there are no
restrictions of record which contain reversions or forfeitures.

     4.  DCA's Contract to Obtain Title.  It is understood that DCA has a
contract for the purchase of the Premises from the Owner.  Until DCA acquires
good and marketable title to the Premises, free of any liens and
encumbrances, the parties understand that all statements, conditions,
representations and agreements contained herein, in reference to title to the
Premises, the lease of the Facility to the LLC, and other agreements and
other matters are made by DCA based not on its knowledge but upon information
received from others and as contained in the contract of sale between DCA and
the Owner.  DCA shall use its best efforts to obtain title to the Premises
from the Owner and, subject to completion of the Construction, to convey the
Premises to Pupizion at the Closing so as to vest good and marketable title
to the Premises in Pupizion.  DCA shall not be under any obligation to incur
any expense or commence any suit at law or in equity in order to clear title
or in order to compel the performance of the purchase contract for the
Premises with the Owner.  Failure to provide good and marketable title to
Pupizion is governed by Section 16.

     5.  Satisfaction of Liens at Closing.  If at the time of the Closing the
Premises shall be affected by any lien which, pursuant to the terms of this
Agreement, is required to be discharged or satisfied by DCA, DCA shall not be
required to discharge or satisfy the same of record, provided proper
instruments of satisfaction or discharge are delivered to Pupizion at the
Closing and proper allowance made to Pupizion for recording charges.  In
addition, if any such lien or encumbrance can be liquidated or discharged by
the payment of a sum of money, the same shall not be deemed an objection to
title, but in that event, DCA shall allow to Pupizion on the Closing of the
title an amount sufficient to pay such lien or encumbrance.

<PAGE>

     6.  Plans and Specifications.  DCA has retained the services of an
architect (the "Architect"), to prepare plans and specifications for the
Construction (the "Plans and Specifications").  The Plans and Specifications
shall conform to the requirements of governmental bodies having jurisdiction
over the Premises and Construction.  Prior to commencement of the
Construction, the Plans and Specifications, and material modifications
thereto, shall be approved by the Architect.  Two copies of the Plans and
Specifications shall be furnished to Pupizion by the Architect promptly after
their preparation and upon completion of the Construction.  One copy of all
original design, contract, detail and shop drawings, together with one copy
of the reproducible Plans and Specifications corrected by DCA for work as
built, shall be delivered to Pupizion.

     7.  Construction.  Unless prevented by any statute or ordinance or by
any cause beyond the control of DCA, but in no event later than four months
from the date of this Agreement, DCA, in accord with the Plans and
Specifications, shall commence construction of the Facility.  If any
demolition within the Premises is required prior to or during the
Construction, DCA shall commence and complete the demolition in a manner
satisfactory to the government bodies having jurisdiction over the
demolition.  The Construction shall be done in a good and workmanlike manner,
and shall at all times be subject to inspection by and approval of the
Architect; and all work shall be done in accordance with the Plans and
Specifications and in accordance with the licenses and permits issued for the
Construction and the requirements of governmental bodies having jurisdiction
over the Premises and the Facility.  The materials used shall be approved by
the Architect, and shall meet the requirements of all governmental bodies
having jurisdiction over the Premises and the Facility.

     8.  Bidding and Instructions to Bidders.  When appropriate, and after
the approved Plans and Specifications are completed, bids will be sought from
reputable contractors for the Construction within the specified time.  The
acceptance of bids shall solely be with DCA.  Bidders shall have to conform
to the following conditions, among others: (i) completion dates; (ii)
stipulation against liens; and (iii) careful examination of the Plans and
Specifications, the work site, and informing themselves of all existing
conditions and limitations.

     9.  Construction Costs.

          9.1 The Construction costs are estimated to be $700,000 (the
"Estimated Construction Costs").  These costs include, but are not limited
to, amounts paid by and for the account of DCA and which DCA shall be
obligated to pay for the Construction in accordance with the Plans and
Specifications and any modifications thereto, including, without limiting the
generality of the foregoing, the cost of land clearance, demolition,
remedying other unusual or natural phenomena, driveways, parking lots, sewer
and water lines leading from the Facility and connected to the public sewer
and water lines, debris removal, all supplies, materials, vehicles, equipment
and fixtures, installation of necessary utilities for a dialysis center, HVAC
systems, and all related construction, equipment, supplies and labor, the
Architect's fees, and special engineering and/or consulting services, costs
of certificates, permits and licenses, surveying costs, the cost of fire,
workmen's compensation and public liability insurance, title insurance,
discharge of all liens, security interests and encumbrances, legal fees, any
transfer taxes, and/or recording fees imposed upon the delivery or recording
of any of the instruments connected with this Agreement, interest at a
percentage rate until the closing of the sale of the Facility to Pupizion in
accordance with Section 15 hereof (the "Closing") which DCA pays on moneys
borrowed for the Construction, and closing costs (the "Construction Costs").

          9.2 Within five business days prior to the Closing, DCA shall
furnish to Pupizion a statement, certified as correct by its principal
accounting officer, itemized in reasonable detail, of the elements of the
Construction Costs then available.  The experience of DCA is that additional
Construction Costs are received up to ninety (90) days after receipt of a
certificate of occupancy.  At the Closing,

<PAGE>

Pupizion shall deposit $50,000 in escrow to cover these additional
Construction Costs.  All Construction Costs may not exceed the amount of the
Estimated Construction Costs by more than 5% except upon written approval of
the parties.  DCA grants to Pupizion the right at any time, either by itself
or its authorized agents, to inspect the invoices, evidences of payment, and
other books and records of DCA as they relate solely to the Construction, to
ascertain the exact costs of the items mentioned in this Section 9 and in the
other sections of this Agreement.  If Pupizion determines that certain
amounts are greater than DCA actually expended, or are not proper charges
toward the Construction, and the parties cannot amicably resolve such
differences, the dispute shall be referred to arbitration as provided in
Section 23 of this Agreement.

     10.  Lease to LLC.  Material to all the transactions contemplated in
this Agreement, including among others, DCA's Construction of the Facility
and DCA's sale of the Facility to Pupizion, is the agreement, representation
and covenant of Pupizion to lease the Facility to the LLC for 10 years, with
two renewals of five years each (the "Lease"), annexed as Exhibit B.  The
Lease shall be executed simultaneously with and effective as of the date of
this Agreement; provided, the Commencement Date relating to the term and
rental payments shall be the Closing Date; and provided, further, for any
reason whatsoever, should Pupizion not acquire the Premises on the Closing
Date, in addition to any other remedies available to the parties, the Lease
shall terminate and be null and void.

     11.  Personalty, Fixtures and Equipment.  No part of the personalty,
property, fixtures, machinery or equipment used or procured for use in
connection with the operation of the Facility, whether now or hereafter
placed on the Premises or in the Facility, is included in the sale of the
Premises and the Facility, whether or not such personal property, fixtures,
machinery or equipment can be removed without material damages to the
Premises or the Facility, it being expressly understood and agreed that all
such personal property, fixtures, machinery and equipment, including movable
partitions, shall be and remain the property of either DCA or the LLC.
However, all the heating, lighting, ventilation, plumbing and any air
conditioning systems are represented to be owned by DCA free from all liens
and encumbrances and are included in the sale as a part of the Premises.

     12.  Street Rights.  DCA's sale of the Facility to Pupizion includes all
right, title and interest, if any, of DCA in and to any land lying in the bed
of any street, road or avenue opened or proposed, in front of or adjoining
the Premises, and all right, title and interest of DCA in and to any award
made or to be made in lieu thereof.  DCA will execute and deliver to Pupizion
on Closing of the title, or thereafter, on demand, all proper instruments for
the conveyance of such title and the assignment and collection of any such
award.

     13.  Deed.  DCA shall, upon receipt of the amounts specified in Section
2, make, execute and deliver a good and sufficient deed to convey to Pupizion
the fee of the Premises, free from all encumbrances, except as herein stated.
Such deed shall be a bargain and sale deed in statutory form for recording,
and, except as hereinafter stated, shall contain no covenants or warranties,
and shall be duly executed and acknowledged by DCA.

     14.  Closing.  The Closing of title shall take place and the purchase
price paid together with the escrow deposit as per Section 9.2, and the deed
shall be delivered within ten (10) days of DCA's receipt of a certificate of
occupancy issued for the Facility, at the offices of DCA's attorneys, Messrs.
_____________________, Ohio _________ .  The time and place of the Closing
(the "Closing Date") may, at DCA's sole option, be modified on reasonable
notice provided to Pupizion.  There shall be no adjournment of the Closing by
Pupizion without the written consent of DCA.

     15.  Objections to Title.  Pupizion shall deliver to DCA's attorneys, at
least five days before the Closing of title, a statement of any defects,
encumbrances or objections to title, except those to which

<PAGE>

by the terms of this Agreement the Premises are to be conveyed subject, or
which may be expressly waived.  DCA shall pay any taxes or assessments which
are assessed, levied, confirmed imposed, or become a lien upon the Premises,
or are due and payable at or prior to the Closing Date; but DCA shall be
under no duty or obligation to cure or remove or incur any expense to cure or
remove any other defects, encumbrances or objections to title.

     16.  DCA's Inability to Convey Good Title.  If DCA is unable to convey a
good and marketable title in accordance with this Agreement for any reason
except the fault of Pupizion, the sole liability of DCA shall be to refund to
Pupizion the Ernest Money without interest, and upon such refund and payment
being made, this Agreement and the Lease shall wholly cease and terminate,
and neither party shall have any claim against the other, and the lien, if
any, of Pupizion against the Premises shall wholly cease and be null and
void; provided, no refund of the Ernest Money shall be made if the failure to
deliver good and marketable title was due to the fault of Pupizion.  DCA
shall not be required to bring any action or proceeding, or otherwise to
incur any expense, or take any steps, to render the title to the Premises
marketable except as in Section 15.  Pupizion may, in its sole discretion,
nevertheless, accept such title as DCA may be able to convey, without
reduction of the purchase price or any credit or allowance against the same,
and without any other liability on the part of DCA.  The acceptance of a deed
by Pupizion shall be deemed full performance and discharge of every agreement
and obligation on the part of DCA to be performed pursuant to the provisions
of this Agreement.  All rights, interests and obligations of Pupizion as the
Lessor and the LLC as Lessee under the Lease shall survive the delivery of
the deed.

     17.  Representations and Warranties of Pupizion.  Pupizion hereby
represents and warrants to DCA and the LLC that:

          17.1 The execution and delivery of this Agreement and the Lease and
the performance of the transactions contemplated hereby and thereby will not
violate or contravene any provisions of law, regulation, license, permit,
order, writ, injunction or decree of any governmental department or court, or
the operating agreement of Pupizion, or result in a breach or default in
respect of the terms of any other agreement to which Pupizion is a party or
by which it is bound, which breach or default would result in the creation,
imposition or enforcement of any lien against the Premises or the Facility,
or would have a material adverse affect on this Agreement, the Lease and the
transactions contemplated herein and therein.

          17.2 There is no litigation, proceeding or investigation pending
or, to the knowledge of Pupizion, threatened against or relating to Pupizion,
its properties or business, or that involves this Agreement or the Lease that
would adversely affect or otherwise preclude the transactions contemplated
hereunder and thereby.

          17.3 No representation or warranty by or with respect to Pupizion
contained herein or in any certificate or other document furnished by
Pupizion pursuant hereto contains any untrue statement of a material fact or
omits to state a material fact necessary to make such representation or
warranty not misleading in light of the circumstances under which it was
made.

          17.4 The foregoing representations and warranties are made by
Pupizion with the knowledge and intention that DCA and the LLC will rely
thereon, and shall survive the execution and delivery of this Agreement and
the effectiveness of the Lease, and shall be deemed made and reconfirmed and
continue to be accurate and true on the Closing Date for the sale of the
Premises and the Facility to Pupizion and thereafter the term of the Lease.

<PAGE>

     18.  Representations and Warranties of DCA and the LLC.  DCA and the
LLC, severally and not jointly, each for itself and not the other, represent
and warrant to Pupizion that:

          18.1 The execution and delivery of this Agreement and the
performance of the transactions contemplated hereby will not violate or
contravene any provisions of law, regulation, license, permit, order, writ,
injunction or decree of any governmental department or court, or its
certificate of incorporation or by-laws, as each may be amended, or result in
a breach or default in respect of the terms of any other agreement to which
DCA is a party or by which it is bound, which breach or default would result
in the creation, imposition or enforcement of any lien against the Premises
or the Facility, or would have a material adverse effect on this Agreement,
the Lease and the transactions contemplated herein and therein.

          18.2 The execution and delivery of this Agreement and the Lease and
the performance of the transactions contemplated hereby and thereby will not
violate or contravene any provisions of law, regulation, license, permit,
order, writ, injunction or decree of any governmental department or court, or
the operating agreement of the LLC, or result in a breach or default in
respect of the terms of any other agreement to which the LLC is a party or by
which it is bound, which breach or default would result in the creation,
imposition or enforcement of any lien against the Premises or the Facility,
or would have a material adverse affect on this Agreement, the Lease and the
transactions contemplated herein and therein.

          18.3 There is no litigation, proceeding or investigation pending
or, to the knowledge of DCA or the LLC, threatened against or relating to DCA
or the LLC, nor their respective properties or businesses, or that involves
this Agreement and the Lease or that would adversely affect or otherwise
preclude the transactions contemplated hereunder and thereby.

          18.4 No representation or warranty by or with respect to DCA or the
LLC contained herein or in any certificate or other document furnished by DCA
or the LLC pursuant hereto contains any untrue statement of a material fact
or omits to state a material fact necessary to make such representation or
warranty not misleading in light of the circumstances under which it was
made.

          18.5 The foregoing representations and warranties are made by DCA
and the LLC with the knowledge and intention that Pupizion will rely thereon,
and shall survive the execution and delivery of this Agreement and the
effectiveness of the Lease, and shall be deemed made and reconfirmed and
continue to be accurate and true at the Closing Date for the sale of the
Premises and the Facility to Pupizion and thereafter the term of the Lease.

     19.  No Brokers.  Each of the parties represent that no broker is
involved with respect to any of the transactions contemplated in this
Agreement, other than DCA's acquisition of the Premises from the Owner which
broker fees and commissions are understood to be the responsibility of the
Owner, and each of Pupizion, DCA and the LLC indemnify and hold the other
parties harmless from any claims and causes of actions, including
investigations, hearings and reasonable attorney's fees, by any other person
for commissions, fees or expenses relating to the transactions provided by
and contemplated in this Agreement.

     20.  Cooperation.  The parties shall cooperate with each other in
completing the transactions contemplated in this Agreement, and shall
cooperate with each other in the performance of any work required to be
performed, and in obtaining and providing all necessary licenses, consents,
permits and approvals required under this Agreement and the exhibits hereto,
and neither shall cause the other any delay nor shall interfere with the due
prosecution of the work of the other.

<PAGE>

     The parties agree (a) to furnish upon request to each other such further
information, (b) to execute and deliver to each other such other documents,
and (c) to do such other acts and things, all as the other party may
reasonably request for the purpose of carrying out the intent of this
Agreement and the documents referred to in this Agreement.

     21.  Notices.  All notices, consents, waivers and other communications
under this Agreement must be in writing and will be deemed to have been duly
given when (a) delivered by hand (with written confirmation of receipt), (b)
sent by telecopier (with written confirmation of receipt), or (c) when
received by the addressee, if sent by a nationally recognized overnight
delivery service (receipt requested), in each case to the appropriate
addresses and telecopier numbers set forth below (or to such other addresses
and telecopier numbers as a party may designate by notice to the other
parties):

     The                LLC DCA of Cincinnati, LLC
                        c/o Dialysis Corporation of America
                        1344 Ashton Road, Suite 201
                        Hanover, MD 21076
                        Attn: Stephen W. Everett, President
                        Fax: (410) 694-0596
                        E-mail: severett@dialysiscorporation.com

     With a copy to:    Lawrence E. Jaffe, Esq.
                        777 Terrace Avenue
                        Hasbrouck Heights, NJ 07604
                        Fax: (201) 288-8208
                        E-mail: medicore@compuserve.com

     DCA:               Dialysis Corporation of America
                        1344 Ashton Road, Suite 201
                        Hanover, MD 21076
                        Attn: Stephen W. Everett, President
                        Fax: (410) 694-0596
                        E-mail: severett@dialysiscorporation.com

     With a copy to:    Tracy Jamison, Esq.
                        Kors & Bassett

                                   , OH
                        Fax:
                        E-mail:

     Pupizion:          Pupizion, Inc.
                        11472 Enyart Road
                        Cincinnati, OH 445140
                        Attn: Dr. Alvaro A. Reyes
                        Fax:
                        E-mail:

<PAGE>

     With a copy to:

                        Fax:
                        E-mail:

     22.  Waiver.  The rights and remedies of the parties to this Agreement
are cumulative and not alternative.  Neither the failure nor any delay by any
party in exercising any right, power or privilege under this Agreement or the
documents referred to in this Agreement will operate as a waiver of such
right, power or privilege, and no single or partial exercise of any such
right, power or privilege will preclude any other or further exercise of such
right, power or privilege or the exercise of any other right, power or
privilege.  To the maximum extent permitted by applicable law, (a) no claim
or right arising out of this Agreement or the documents referred to in this
Agreement can be discharged by one party, in whole or in part, by a waiver or
renunciation of the claim or right unless in writing signed by the other
party; (b) no waiver that may be given by a party will be applicable except
in the specific instance for which it is given; and (c) no notice to or
demand on one party will be deemed to be a waiver of any obligation of such
party or of the right of the party giving such notice or demand to take
further action without notice or demand as provided in this Agreement or the
documents referred to in this Agreement.

     23.  Arbitration.  Any disputes arising under this Agreement shall be
determined by arbitration in  ____ County, Ohio in accordance with the
rules of the American Arbitration Association ("Association") then in effect,
by a single arbitrator selected by mutual agreement of the parties or, if the
parties are unable to agree on an arbitrator, then selection by the
Association; provided that this Section 23 shall not restrict the right of
either party to institute a legal proceeding to enable such party to obtain
temporary injunctive relief during the pendency of any such arbitration.  A
determination of the dispute by the arbitrator shall be final and binding on
the parties to the extent permitted by law.  The cost of the arbitration,
including attorneys' or other consultancy fees, shall be borne by the non-
prevailing party.

     24.  Entire Agreement and Modification.  This Agreement supersedes all
prior agreements between the parties with respect to its subject matter
(excluding the MSA and the Operating Agreement between the parties and Bepo),
and constitutes (along with the documents referred to in this Agreement) a
complete and exclusive statement of the terms of the agreement between the
parties with respect to its subject matter.  This Agreement may not be
amended except by a written agreement executed by the party to be charged
with the amendment.

     25.  Assignments, Successors, and No Third-Party Rights.  Neither party
may assign any of its rights under this Agreement without the prior consent
of the other party, except that the LLC may assign any of its rights under
this Agreement to DCA.  This Agreement will apply to, be binding in all
respects upon, and inure to the benefit of the successors and permitted
assigns of the parties.  Nothing expressed or referred to in this Agreement
will be construed to give any person other than the parties to this Agreement
any legal or equitable right, remedy or claim under or with respect to this
Agreement or any provision of this Agreement.  This Agreement and all of its
provisions and conditions are for the sole and exclusive benefit of the
parties to this Agreement and their successors and assigns.

     26.  Severability.  If any provision of this Agreement is held invalid
or unenforceable by any court of competent jurisdiction, the other provisions
of this Agreement will remain in full force and effect.  Any provision of
this Agreement held invalid or unenforceable only in part or degree will
remain in full force and effect to the extent not held invalid or
unenforceable.

     27.  Authority.  Each party represents and warrants that (i) the
execution, delivery and performance of this Agreement has been duly and
validly authorized and approved by its board of

<PAGE>

directors or similar members, managers or representatives in accordance with
all applicable provisions of its organizational documents and by-laws and all
applicable legal requirements, and (ii) this Agreement and the related
transactions and documents constitute valid and legally binding obligations
of each party as to their respective obligations in accordance with their
terms.

     28.  Section Headings, Construction.  The headings of Sections in this
Agreement are provided for convenience only and will not affect its
construction or interpretation.  All references to "Section" or "Sections"
refer to the corresponding Section or Sections of this Agreement.  All words
used in this Agreement will be construed to be of such gender or number as
the circumstances require.  Unless otherwise expressly provided, the word
"including" does not limit the preceding words or terms.  The terms
"hereunder," "herein" and words of like import shall refer to this Agreement
as an entirety.

     29.  Governing Law.  This Agreement will be governed by the laws of the
State of Ohio, without regard to conflicts of laws principles.

     30.  Counterparts.  This Agreement may be executed in one or more
counterparts, each of which will be deemed to be an original copy of this
Agreement and all of which, when taken together, will be deemed to constitute
one and the same agreement.

     IN WITNESS WHEREOF the parties have caused the execution of this
Agreement the day and year first above written.

ATTEST:                             DIALYSIS CORPORATION OF AMERICA

                                        /s/ Thomas K. Langbein
----------------------------------  By:----------------------------------
            Secretary                  THOMAS K. LANGBEIN, Chairman of
                                       the Board and CEO
SEAL

ATTEST:                             DCA OF CINCINNATI, LLC

                                       /s/ Stephen W. Everett
----------------------------------  By:----------------------------------
            Secretary                  STEPHEN W. EVERETT, President

SEAL

ATTEST:                             PUPIZION, INC.

                                       /s/ Alvaro A. Reyes
----------------------------------  By:----------------------------------
            Secretary                  DR. ALVARO A. REYES, President

SEAL

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