Document:

Exhibit 10.82

Exhibit 10.82

	
EXECUTIVE EMPLOYMENT AGREEMENT

This Executive Employment Agreement (“Agreement”) is dated and effective February 16, 2005 (the “Effective Date”), by and between RS Services of Connecticut, Inc., f/k/a GlobalNet Acquisition
Corp., a Connecticut corporation with its principal place of business at Two Broadway, Hamden, Connecticut 06518-2697 (the “Company”), and Ronald Ray Sparks (the “Executive”)an individual residing at 7806 N. Highway 81,
Duncan, Oklahoma 73533.

WHEREAS, the Executive was a shareholder of and operated a business known as R.S. Services, Inc., an Oklahoma corporation (“RS Services”).

WHEREAS, as of the Effective Date, RS Services merged into the Company, a wholly-owned subsidiary of Host America Corporation (“Host”), pursuant to that certain Agreement of Merger and Plan of Reorganization of
even date (the “Merger Agreement”) whereby the Company was the surviving entity (the “Acquisition”).

WHEREAS, the Company would not have made the Acquisition unless the Executive entered into this Agreement.

WHEREAS, the Company desires to employ the Executive, and the Executive desires to accept such employment, upon the terms and conditions set forth in this Agreement.

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

	
1.     

	
Position.  The Company hereby employs the Executive, and the Executive hereby accepts such employment, as President of the Company.   The Executive shall report directly to a designee of the Board
of Directors of Host (the “Board”).  The Company shall provide the Executive with the office facilities and staff commensurate with his position to enable him to perform his duties hereunder.  In no event shall the Executive be required to
relocate his residence from Stephens County, Oklahoma in order to perform his duties hereunder.

	
           

	
	
2.

	
Effective Date and Term of Agreement.  This Agreement shall take effect on the Effective Date specified above and shall continue thereafter in full force and effect for three (3) years, until the day and
month in the year 2007 (the “Expiration Date”) that corresponds to the day and month of the Effective Date, unless earlier terminated or renewed as provided herein.  After the Expiration Date, unless this Agreement is renewed as set forth below, the
Executive shall be considered an employee at will, and either party will be able to terminate the employment relationship at any time, for any legal reason or no reason, with or without notice, but the provisions of Section 8 hereof shall continue in full force and
effect. The Expiration Date shall be automatically extended for successive periods of one year each (a “Renewal Period”), commencing on the Expiration Date and on each anniversary of the Expiration Date (the Expiration Date and each such
anniversary, a “Renewal Date”), unless either party gives written notice to the other on or prior to the Termination Notice Date (as hereinafter defined) of its or his election not to so extend the term of this Agreement beyond the then scheduled
expiration of the term.  As used herein, the term “Termination Notice Date” shall mean that date that is sixty (60) days prior to the next Renewal Date.

	

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3.

	
Title and Duties; Extent of Services.  The Executive shall promote the business and affairs of the Company as President.  The Executive shall perform such duties, and have such powers, authority,
functions, duties and responsibilities for the Company, and/or corporations and other entities affiliated with the Company, as are commensurate and consistent with his employment in the position of President and as are directed by the designee of the Board.  The
Executive shall devote his full efforts, time, attention and energies to the business and affairs of the Company and shall not be otherwise employed; provided, however, that nothing contained in this Agreement shall prohibit the Executive from engaging in other
activities, whether for investment, family, recreation, civic, charity, or other purposes, including, without limitation, the ownership by Executive of a certain cement contracting company,  so long as those activities do not materially interfere with the
ability of the Executive to carry out his duties and responsibilities hereunder. The Executive also shall have such additional duties and responsibilities as may be assigned to him by the Board and that are consistent with his position as President.  The
President of the Company shall be the highest ranking officer of the Company, unless and until the Company is merged with or into an affiliate or subsidiary of Host in which event the Executive shall be the highest ranking officer of the RS Services division of such
merged entity.

	
 

	
	
4.

	
No Conflict.  The Executive represents and warrants to the Company that he is not subject to any employment agreement, non-competition covenant, non-disclosure agreement or other agreement, covenant,
understanding or restriction that would prohibit Executive from executing this Agreement and performing his duties and responsibilities hereunder, or that would in any manner, directly or indirectly limit or adversely affect the duties and responsibilities which may
now or in the future be assigned to the Executive by the Company.

	
           

	
	
5.

	
Compensation and Benefits.

	
 

	
		
5.1   

	
Salary.  Commencing as of the Effective Date, and continuing until December 31, 2004, the Company shall pay the Executive a salary at an annual rate of One Hundred Twenty Five Thousand Dollars ($125,000)
(the “Salary”).  On at least an annual basis, commencing January 1, 2005, the Board shall review the Executive’s performance and may make increases, but not decreases, to the Salary.  At a minimum, however, the Salary shall be increased
commencing effective January 1, 2005 to $137,500 for the calendar year 2005.  The Salary shall be paid in accordance with the Host’s payroll practices in effect at the time of payment, but no less frequently than monthly.

	
           

	
           

	
		
5.2   

	
Health Insurance and Other Benefits.  The Executive shall be entitled to receive benefits on the same terms and conditions provided to other officers of Host Companies including, as applicable, health
insurance, life insurance, disability insurance, if provided, Section 401(k) plan, retirement benefits, if provided, and any other benefits that are generally made available to Host Companies officers which will be provided to the Executive on the same terms and
conditions provided to other officers of the Host Companies.

	

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5.3   

	
Vacation; Holiday Pay; Sick Pay.  The Executive shall be entitled to three (3) weeks of vacation per year for calendar years 2005 and 2006, and four (4) weeks per year for each calendar year thereafter,
during which time his compensation shall be paid in full, and any unused vacation shall not accrue from year to year.  For the remainder of calendar year 2004, the Executive shall be entitled to seven (7) days of such vacation pay.  No monetary equivalent
will be allowed in lieu of actual vacations days.  In addition to vacation days, the Executive shall not be required to work, but shall be paid for, all days that the Company and/or Host customarily recognize as holidays.  The Executive shall be entitled to
one (1) week of sick pay each calendar year.

	
           

	
           

	
		
5.4   

	
Expense Reimbursement.  The Executive will be provided with a company credit card.  The Executive may incur reasonable travel and other expenses in connection with the promotion of the Company’s
business. The Executive shall provide the Company receipts of all charges and the business to which they relate.  If the Company believes any charges do not qualify under this provision, then the Company shall send to the Executive a written statement of the
charges and the reasons the Company believes such charges are not expenses related to the Company’s business. The Company shall directly pay or shall promptly reimburse the Executive for such other reasonable expenses upon presentation by the Executive of
statements, vouchers, records, and/or such other supporting documentation as the Company may reasonably request.

	
           

	
           

	
		
5.5   

	
Within 180 days from the date hereof, the Company and the Executive shall agree on an incentive/ bonus compensation plan for the Executive, which shall be reasonably acceptable to each of the Executive and the
Company.

	
 

		
		
5.6   

	
Intentionally Omitted.

	
 

		
		
5.7   

	
Term Life Insurance Policies.  The Company recognizes that the Executive owns two twenty-year term life insurance policies as described in the attached Schedule A with death benefits payable in the
amounts of $300,000 and $500,000, respectively (the “Life Insurance Policies”).  The Life Insurance Policies provide for level annual premiums as described in the attached Schedule A for the remainder of the terms.  In addition to any
life insurance that is provided under Section 5.2 above, the Company agrees to timely pay all premiums on the Life Insurance Policies for the remaining terms thereof.  The Executive shall have the sole discretion to name and change from time to time the
beneficiary(ies) under the Life Insurance Policies.

	

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5.8   

	
Other Benefits.  The Company shall provide the Executive with such other executive benefits as are afforded to similar situated officers of the Host Companies and the Executive shall be entitled to
participate in all other Host and/or Host Companies-wide employee benefits as are available from time to time excluding so called “golden parachute” payments unless generally offered to senior executives of the Host Companies, excluding the senior
executives of Host.

	
 

		
		
5.9   

	
Automobile.  The Company shall provide the Executive with an automobile allowance of $850 per month.  With respect to such automobile, the Company shall be responsible for all insurance, taxes, title,
maintenance and repairs, with the exception that the Executive shall pay for routine maintenance (such as oil changes).  The automobile shall be of a class consistent with past automobiles used by the Executive while an employee of RS Services.

	
 

	
	
6.

	
Additional Compensation.

	
 

	
		
6.1   

	
Stock Options, Commissions and Bonuses.

	
           

	
           

	
			
(a)

	
As an additional incentive for the Executive signing this Agreement and the proper performance of all of his obligations and duties hereunder, Host will award the Executive incentive stock options to purchase 18,000 shares of
Host’s common stock.  Such incentive stock options shall be granted under Host’s 2003 Stock Option Plan (the “Plan”).  Such options shall be granted as of the Effective Date but shall only be fully vested (and exercisable by
Executive) at the conclusion of the first year after the date hereof; provided, however, that in the event the Executive’s employment is terminated either (i) by the Company without cause, or (ii) under Sections 7.1(c) or 7.1(d), such options shall immediately
vest.  The exercise price of the stock options shall be the fair market value of Host’s common stock as determined under Article 2, Section I(A)(2)of the Plan.  Host shall promptly cause any Host common stock issued as a result of the exercise of such
options to be approved for listing on the Nasdaq Small Cap Market, subject to official notice of issuance.

	
           

	
           

	
           

	
			
(b)

	
The Executive shall be entitled to participate in all Host stock option plans and/or to receive bonuses or incentive compensation under the conditions and circumstances as determined by the Board at its discretion so long as
the Executive is treated similarly to other similarly situated executives of the Company or the Host Companies.

	
           

	
           

	
           

	
	
7.

	
Termination.

	
 

			
		
7.1   

	
Termination Rights of the Parties.

	
           

	
           

	
           

	
			
(a)

	
Voluntary Termination by the Executive. The Executive may terminate his employment for any reason whatsoever at any time by giving thirty (30) days’ prior written notice of such termination, whereupon such
employment shall terminate on the earlier of (i) the 30th day following the date on which such notice is given or (ii) any date prior to the 30th day that is specified by the Company by written notice to the Executive.

	

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(b)

	
Involuntary Termination by the Company for Cause . The Company may terminate the Executive’s employment for Cause, as defined in this subsection.  For purposes of this Agreement, the term
“Cause” shall mean (i) any willful or grossly negligent misconduct by the Executive that materially injures the Company or Host or any of its or their subsidiaries or affiliates (collectively, the “Host Companies”);  (ii) the Executive's
willful refusal to comply with the Company’s or Host’s rules or policies (which rules or policies must be reasonably and consistently applied to all similarly situated employees of the Company and the Host Companies) or to comply with a reasonable written
directive from the designee of the Board consistent with the Executive’s position;  (iii) any material breach of this Agreement by the Executive that is not cured by the Executive within thirty (30) days after receiving written notice thereof from the
Company unless such breach or if such breach can have an immediate material adverse affect on the Company, in which event contemporaneous written notice shall be provided by the Company and notice thereof have previously occurred; (iv) any act of dishonesty in the
Executive’s relations with the Company or the Host Companies or any of its directors, employees, or customers that materially injures the Company or the Host Companies; (v) any act by the Executive of larceny, embezzlement, conversion or similar act
involving the misappropriation of Company funds in the course of the Executive’s employment; or (vi) a conviction by the Executive of, or plea of guilty or no contest to, any felony.

	
           

	
           

	
           

	
				
The Company shall provide the Executive with written notice specifying the Cause(s). Any termination of the Executive’s employment for Cause pursuant to this section shall be effective immediately upon the
Executive’s receipt of the Company’s written notice of termination except as set forth in (iii) above.  Should the Executive wish to challenge his termination by invoking the arbitration provisions, he must provide written notice of his request for
arbitration within 30 calendar days after the effective date of termination.

	
 

			
			
(c)

	
Termination by Death or Disability . The Executive’s employment shall terminate (i) immediately upon the Executive’s death or (ii) upon receipt of written notice from the Company following a
determination of Disability (as defined below).  For purposes of this Agreement, the term “Disability” shall mean an inability to perform the essential functions of the Executive’s position, provided the Executive has been given reasonable
accommodation, for a period of more than six (6) consecutive months.  A determination of Disability shall be made by a physician or other medical provider satisfactory to both the Company and the Executive.

	
 

			
			
(d)

	
Termination by the Executive for Good Reason.  The Executive shall have the right to terminate this Agreement for Good Reason, as defined below.  For purposes of this Agreement, the phrase “Good
Reason” shall mean (i) the Company or Host breaches any provision of this Agreement other than under Section 5.1 or 5.2 and fails to cure such breach within thirty (30) days after receiving written notice thereof from the Executive unless such breach and notice
thereof have previously occurred; (ii) any

	

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event of bankruptcy or insolvency in respect of the Company or Host; ((iii) the Company breaches any of the provisions under Section 5.1 or 5.2;  or (iv) the Company or Host breaches its obligations under Sections 2 (Post
Closing Shares), 3 (Adjustment to the Merger Consideration),  6 (Post Closing Adjustments) or 18 (Rule 144 Reporting) of the Merger Agreement and fails to cure such breach within thirty (30) days after receiving written notice thereof from the Executive unless
such breach and notice thereof have previously occurred.

	
 

			
			
(e)

	
Termination Date.  The effective date of any termination of the Executive’s employment is hereinafter referred to as the “Termination Date.”

	
 

			
		
7.2

	
Executive’s Right to Compensation Following Termination; Severance Benefits.

	
           

	
           

	
           

	
			
(a)

	
Severance Benefit – Executive’s Voluntary Termination, Death or Certain Other Terminations.  Upon the Executive’s voluntary termination of employment, termination of the Executive’s
employment on account of his death, termination by agreement of the parties, or in any other termination by either the Company or the Executive except as specified in Sections 7.2(b) or (c) below, the Company shall (1) pay to the Executive all Salary accrued by the
Executive through the Termination Date, (2) pay to the Executive any accrued but previously unpaid bonuses, and (3) pay or make available to the Executive all other benefits accrued by or reimbursable to the Executive through the Termination Date pursuant to Section
5, all in the manner and at the times provided in Section 5.  Any payments due or benefits owed to the Executive by the Company under this Section 7.2(a) shall be paid or made available by the Company to the Executive’s legal representative or heirs, as
the case may be, upon the Executive’s death.

	
 

			
			
(b)

	
Severance Benefit – Termination by Company Without Cause or by the Executive for Good Reason.  Upon the Company’s termination of the Executive without Cause or the Executive’s termination
for Good Reason, the Company shall continue to pay to the Executive all Salary which would have been paid to the Executive through the Expiration Date of this Agreement.  In addition, the Executive shall be paid all accrued but previously unpaid bonuses, and
continue to pay and provide for benefits as set forth in Section 5.2. of this Agreement for such period.

	
 

			
			
(c)

	
Severance Benefit – Termination by the Company because of Disability. Upon termination of the Executive’s employment because of a Disability, and provided that the Executive has worked at least one
full year for the Company and unless the Company has provided the Executive with Long Term Disability income protection insurance (“LTD”) in an amount equal to that provided to other similarly situated executives of the Host Companies, the Company shall
provide a “Severance Benefit” by (1)

	

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continuing to pay to the Executive the Salary for one (1) year after the Termination Date, in the manner and at the time provided in Section 5.1 hereof and (2) continuing to pay and provide for all benefits set forth in
Section 5.2 for one (1) year after the Termination Date, at the same levels of coverage and other terms and conditions that were in effect immediately prior to the Termination Date.    If the Company does provide the Executive with LTD, the Executive
shall be entitled to the benefits under 7.2(a) above only. Any payments of Salary to which Executive is entitled under this section will be paid out in payments on a weekly basis.  Upon the termination of the Executive’s employment because of a Disability
if the Executive has not worked at least one full year, then the Executive shall be entitled to the Severance Benefit under this paragraph but for a period of one (1) year after the Termination Date.

	
 

			
			
(d)

	
Severance Benefit – Termination by the Company for Cause.  There shall be no Severance Benefit in the event of termination by the Company for Cause.

	
           

	
           

	
           

	
		
7.3

	
Mitigation.  The Executive shall be under no obligation to mitigate the amount of any severance payments provided for in Section 7.2 or to seek other employment following any termination of employment
hereunder, and any amounts he may earn in other employment shall not reduce or offset the severance payments or other amounts due hereunder.

	
           

	
           

	
           

	
		
7.4

	
Offset.  The Company shall be entitled to withhold or deduct from compensation  payable by the Company to the Executive under this Agreement, including the Severance Benefit, but only for loans not
repaid by the Executive before the Termination Date; for the fair market value of Company equipment or property in the Executive’s possession required to be returned but not returned to the Company upon its request; or for financial shortages due to any act of
larceny, embezzlement, or conversion or any other similar act involving the misappropriation of Company funds in the course of the Executive’s employment.

	
           

	
           

	
           

	
	
8.

	
Covenants of Confidentiality, Non-Competition and Non-Solicitation.

	
 

		
		
8.1

	
Confidentiality.  The Executive will occupy a position of trust and confidence with the Company.  The Executive acknowledges that during his employment with the Company hereunder, the Executive
will obtain and the Company will disclose to him and he will learn the confidential affairs and proprietary information of the Company and its subsidiaries and affiliates, and the Host Companies, including but not limited to GlobalNet Energy Investors, Inc.,
EnergyNSync, and KWM Electronics, that have been developed or acquired by the Company and that are developed by and belong to the Company, including, without limitation, the following information (collectively, the “Confidential Information”):  (i)
any and all trade secrets concerning the business and affairs of RS Services and/or the Company and its subsidiaries and affiliates including, without limitation, product specifications, data, know-how, formulae, compositions, processes, designs, sketches,
photographs, graphs, drawings, samples, inventions and ideas, past,

	

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current and planned research and development, past, current and planned manufacturing and distribution methods and processes, acquisition opportunities, customer lists, current and anticipated customer requirements, price
lists, market studies, business plans, computer software and programs (including object code and source code), computer software and database technologies, systems, structures and architectures, and any other information, however documented, of the Company and its
subsidiaries and affiliates that is a trade secret; (ii) any and all information concerning the business and affairs of the Company and its subsidiaries and affiliates (which includes historical financial statements, financial projections and budgets, historical and
projected sales, capital spending budgets and plans, the names and backgrounds of key personnel, personnel training and techniques and materials), however documented; and (iii) any and all notes, analysis, compilations, studies, summaries, and other material prepared
by or for the Company and its subsidiaries and affiliates or containing or based, in whole or in part, on any information included in the foregoing.  The Executive further acknowledges that the Company would not hire the Executive or disclose the Confidential
Information to the Executive without the promises made by the Executive in this Section 8.

	
 

		
		
In light of the foregoing, Executive agrees:

	
 

		
			
(a)

	
During the term hereof and for a period of three (3) years after the termination of this Agreement, to keep secret all Confidential Information of the Company and of any subsidiaries and affiliates of the Company, and not to
disclose such information to anyone outside of the Company or its subsidiaries or affiliates, or otherwise use such information or his knowledge of it for his own benefit or for the benefit of any third party, whether the Executive has such information in his memory
or embodied in writing or other physical form, including, without limitation, use of the trade secrets, trade names or trademarks of the Company, except with the Company’s prior written consent; and

	
           

	
           

	
           

	
			
(b)

	
To deliver promptly to the Company at the termination of this Agreement, or at any reasonable time thereafter that the Company may request, all memoranda, notices, records, reports and other documents (and all copies thereof)
relating to the business of the Company or any of its subsidiaries or affiliates, including, but not limited to, Confidential Information, which he may then possess or have under his control.

	
           

	
           

	
           

	
				
Notwithstanding any of the foregoing, the term “Confidential Information” does not include information which (i) is or becomes generally available to the public other than as a result of any improper disclosure by
the Executive or (ii) the Executive is compelled to disclose by judicial or administrative process or provided, that in the case of any such requirement or purported requirement the Executive shall provide written notice to the Company prior to producing such
information, which notice shall be given at as soon as practicable, and if possible at least ten (10) days prior to the producing such information, so that the Company

	

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may seek a protective order or other appropriate remedy.  Furthermore, nothing in this Agreement shall prohibit the Executive from disclosing any Confidential Information as is necessary or advisable in connection with
any litigation, arbitration or mediation against the Company or Host.

	
 

		
			
The provisions of this Section 8.1 shall not apply in the event that the Company terminates the Executive’s employment without Cause or the Executive terminates his employment for Good Reason.

	
 

		
		
8.2

	
Competitive Activities.  The Executive expressly recognizes and acknowledges that the terms and condition of this Section 8.2 are reasonable as to time, area, and scope of restricted activity, are
necessary to protect the legitimate interests of the Company, and are not unduly burdensome to the Executive.  Further, the Executive acknowledges that engaging in such activity would violate the fiduciary duty that the Executive owes to the Company during his
employment by the Company.  For a period (the “Restricted Period”) commencing on the Effective Date and ending on the three (3) year anniversary of the Executive’s termination of employment, unless the termination was by the Company without
Cause or by the Executive for Good Reason, the Executive shall not, directly or indirectly (whether for compensation or otherwise), alone or as officer, director, stockholder, member, partner, associate, employee, agent, joint venturer, lender, principal, trustee,
salesman or consultant, engage or invest in, own, manage, operate, finance or control, or participate in the ownership, management, operation, financing, or control of, or be employed by, associated with, consult with or in any manner be connected with, lend the
Executive’s name or credit to, or provide consulting services, financial resources or advice to, or in any other manner provide assistance to, any Person (as hereinafter defined), that is engaged or plans to engage in business in competition with the Company,
including those activities reflecting a reasonable extension of the Company’s line or lines of business as of the date hereof or any time during the term of Executive’s employment with the Company (collectively the “Restricted
Activity”).  The Executive acknowledges that the Company, prior to the Effective Date, has conducted business in the entire continental United States and consequently, the Executive shall not engage in the Restricted Activity, in the continental United
States.  However, nothing in this Section 8.2 shall prevent the Executive from owning less than five percent (5%) of the outstanding securities of any publicly traded entity.  Furthermore, nothing in this Section 8.2 shall prohibit, regardless of the reason
of the Executive’s termination, the Executive from engaging in any manner in the electrical contracting services business so long as such business is not competitive with the energy/technology business of the Company.

	
           

	
           

	
			
The restrictions in this Section 8.2 shall not apply in the event that the Company terminates the Executive's employment without Cause or the Executive terminates his employment for Good Reason.

	
 

		
			
For purposes of this Agreement, the term “Person” shall mean any individual, corporation, general or limited partnership, limited liability company, joint venture, estate, trust, association, organization, labor
union or other entity or government body.

	

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8.3

	
No Soliciting of Customers.  The Executive agrees that during the Executive’s employment by the Company, and for a period of three (3) years after termination for any reason (the “Restricted
Period”), he shall not solicit, interfere with, influence or endeavor to entice customers or suppliers of the Company or its present or future subsidiaries or affiliates, in any manner, either directly or indirectly, to divert their business to any Person
and/or away from the Company.  The Company and the Executive acknowledge and agree that the Executive’s engaging in the solicitation of customers prohibited hereunder may disrupt, damage or impair the business of the Company and its present or future
subsidiaries or affiliates, as the case may be, and necessarily involve the use of Confidential Information (e.g., customer lists) prohibited under Section 8.1.  However, nothing in this Section 8.3 shall prohibit, regardless of the reason of the
Executive’s termination, the Executive from soliciting electrical contracting services so long as none of such services is competitive with the energy/technology business of the Company.

	
           

	
           

	
			
The restrictions in this Section 8.3 shall not apply in the event that the Company terminates the Executive’s employment without Cause or the Executive terminates his employment for Good Reason.

	
 

		
		
8.4

	
No Soliciting of Employees.  The Executive agrees that during the Executive’s employment by the Company, and for a period of three (3) years after termination for any reason (the “Restricted
Period”), the Executive shall not, directly or indirectly, either for himself or any other Person, contact or solicit to leave his or her employment or engagement with the Company, employ or otherwise engage, or identify for the purpose of being recruited for
any other Person, any of the employees, consultants, agents or independent contractors of the Company and/or its subsidiaries or affiliates (for this purpose the terms “employees,” “consultants,” “agents,” and “independent
contractors” of the Company shall include any persons having such status with regard to the Company or its subsidiaries or affiliates at any time during the twelve (12) months preceding any solicitation in question). The Company and the Executive acknowledge
and agree that the Executive’s engaging in the solicitation of employees prohibited hereunder may disrupt, damage or impair the business of the Company and/or its subsidiaries or affiliates, and may necessarily involve the use of Confidential Information
prohibited under Section 8.1.

	
 

		
			
The restrictions in this Section 8.4 shall not apply in the event that the Company terminates the Executive’s employment without Cause or the Executive terminates his employment for Good Reason.

	
 

		
		
8.5

	
No Unauthorized Use.  The Executive agrees that, in performing work for the Company and/or its subsidiaries and affiliates, Executive shall not knowingly use any trade secrets, confidential information
or proprietary information obtained from third parties, including any former employer or any other organization or individual.  The Executive further agrees that the Executive shall not bring into the

	

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premises of the Company any unpublished documents or any other property belonging to any former employer or any other party to whom the Executive has an obligation of confidentiality, unless consented to in writing by such
former employer or party.

	
           

	
           

	
		
8.6

	
Inventions.  The Executive agrees that any discoveries, inventions, creations or improvements of whatever nature (collectively “Inventions”) made or conceived by Executive, solely or jointly
with others, after the Effective Date, that are made with the Company’s equipment, supplies, facilities, trade secrets, or time; or that relate, at the time of conception of or reduction to practice, to the business of the Company or the Company’s actual
or demonstrably anticipated research or development; or that result from any work performed by the Executive for the Company after the Effective Date shall belong to the Company.  The Executive also agrees that the Company shall have the right to keep any such
Inventions as trade secrets, if the Company so chooses.  In order to permit the Company to claim rights to which it may be entitled under this Section 8.6, the Executive agrees to disclose to the Company in confidence all Inventions that the Executive makes
after the Effective Date, and all patent applications filed by the Executive within two (2) years after termination of his employment.  The Executive shall, at the Company’s cost and expense, assist the Company in obtaining patents on all Inventions deemed
patentable by the Company in the United States and in all foreign countries and shall execute all documents and do all things necessary to obtain patents to vest the Company with full and exclusive titles thereto and to protect the same against infringement by
others.  For the purposes of this Agreement, an Invention is deemed to have been made after the Effective Date if the Invention was conceived or first actually reduced to practice during that period, and the Executive agrees that any patent application filed
within two (2) years after termination of his employment with the Company shall be presumed to relate to an Invention made during the term of the Executive’s employment unless the Executive can provide evidence to the contrary.  The parties acknowledge
that as used in this Section 8.6, the term “Company” shall include Host, or any affiliate or subsidiary of the Company.

	
 

		
		
8.7

	
Tolling of Restricted Periods during Violations.   The Executive acknowledges and agrees that it is the intent of the parties that the Company should have the benefit of the restrictions in Section 8.2,
8.3,and8.4for the period following termination of his employment set forth in such Sections.  The running of the Restricted Period shall be tolled during any time of the Executive's violation of such restriction, and that time of violation
shall be added to the end of the Restricted Period once the violation(s) cease, for the particular restriction that has been violated.  Therefore, the Executive acknowledges that if he violates the restrictions in Section 8.2, 8.3,or 8.4, the resulting
tolling and extending of the Restricted Period would result in a Restricted Period, for the particular restriction that has been violated, of greater than two (2) years.

	

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9.

	
Remedies for Breach of Covenants in Section 8.  In addition to the rights and remedies provided in Section 10.10 and without waiving the same, if the Executive breaches any of the provisions of Section 8,
the Company shall have the following rights and remedies, in addition to any others, each of which shall be independent of the other and severally enforceable:

	
           

	
           

	
			
(a)

	
The right and remedy to have such provisions specifically enforced by any court having equity jurisdiction together with an accounting for any benefit or gain by the Executive in connection with any such breach.  The
Executive specifically acknowledges and agrees that any breach of the provisions of Section 8 may cause irreparable injury to the Company and that money damages may not provide an adequate remedy to the Company.

	
           

	
           

	
           

	
			
(b)

	
The right and remedy to require the Executive to account for and pay over to the Company all compensation, profits, monies, accruals, increments or other benefits (hereinafter collectively referred to as the
“Benefits”) derived or received, directly or indirectly, by the Executive as a result of any transactions constituting a breach of any of the provisions of Section 8, Executive hereby agreeing to account for and pay over the Benefits to the
Company.

	
           

	
           

	
           

	
			
(c)

	
The right to terminate the Executive’s employment pursuant to Section 7.1(b).

	
 

			
			
(d)

	
Upon discovery by the Company of a breach or threatened breach of Section 8, the right to immediately suspend payments to Executive under Section 7.2 and under Section 2(d) of the Merger Agreement, pending a resolution of the
dispute.

	
 

			
			
(e)

	
If any covenant contained in Section 8 or any portion thereof is hereafter construed to be invalid or unenforceable, the same shall not affect the remainder of the covenant or covenants contained therein, which shall be given
full effect, without regard to the invalid portions, and any court having jurisdiction shall reform the covenant to the extent necessary to cause the limitations contained therein as to time, geographical area and scope of activity to be restrained to be reasonable
and to impose a restraint that is not greater than necessary to protect the goodwill and other business interest of the Company and to enforce the covenant as reformed.  The parties hereto intend to and hereby confer jurisdiction to enforce the covenants
contained in Section 8 upon the courts of any state or other jurisdiction in which any alleged breach of any such covenant occurs.  If the courts of any of one or more of such states or other jurisdictions shall hold such covenants not wholly enforceable by
reason of the scope thereof or otherwise, it is the intention of the parties hereto that such determination not bar or in any way affect the Company’s right to the relief provided above in the courts of any other states or jurisdictions as to breaches of such
covenants in such other respective

	

 B-12

				
states or jurisdictions, and the above covenants as they relate to each state or jurisdiction being, for this purpose, severable into diverse and independent covenants.

	
           

	
           

	
           

	
	
10.

	
General Provisions.

	
 

		
		
10.1

	
Entire Agreement.  This Agreement represents the entire agreement of the parties and supersedes any prior understandings, agreements or representations by and between the Company and the Executive with
respect to the arrangements contemplated hereby.  No prior agreement, whether written or oral, shall be construed to change, amend, alter, repeal or invalidate this Agreement.  This Agreement may be amended only by a written instrument executed by both
parties.

	
 

		
		
10.2

	
Waiver.  No consent to or waiver of any breach or default in the performance of any obligations under this Agreement shall be deemed or construed to be a consent to or waiver of any other breach or default
in the performance of any of the same or any other obligations.  Failure on the part of either party to complain of any act or failure to act of the other party or to declare the other party in default, irrespective of the duration of such failure, shall not
constitute a waiver of rights.  No waiver shall be effective unless it is in writing, executed by the party waiving the breach or default.

	
 

		
		
10.3

	
Assignment.  This Agreement shall be binding upon and inure to the benefit of the parties hereto, their respective successors and assigns and, in the case of the Executive, his heirs.  Neither the
Executive nor the Company may assign or transfer any or all of their respective rights or obligations under this Agreement.   The Company agrees to require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or
substantially all of the business and/or assets of the Company to assume expressly 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.  As used in
this Agreement, “Company” shall mean the Company as defined above and any successor to its business and/or assets as aforesaid which assumes and agrees to perform this Agreement by operation of law or otherwise.

	
           

	
           

	
		
10.4

	
Severability.  In the event that any provision of this Agreement should be held unenforceable by a tribunal of competent jurisdiction, including an arbitrator or a court, such tribunal is hereby authorized
to amend such provision so as to be enforceable to the fullest extent permitted by law, and all remaining provisions shall continue in full force without being impaired or invalidated in any way.

	
 

		
		
10.5

	
Governing Law.   This Agreement, the rights of the parties hereunder, and any and all claims arising from, or, in any way related to, this Agreement shall be governed, interpreted, construed and
enforced in accordance with the laws of the State of Oklahoma.

	
           

	
           

	
		
10.6

	
Notices.  All notices required or permitted under this Agreement shall be in writing and shall be deemed effective upon personal delivery or three days after

	

 B-13

			
deposit in the United States Post Office, by registered or certified mail, postage prepaid, return receipt requested, addressed to the other party at the address shown above, or at such other address or addresses of which
either party shall notify the other in accordance with this Section 10.6.

	
 

		
		
10.7

	
Counterparts.  This Agreement may be executed in counterparts, all of which together shall for all purposes constitute one Agreement, binding on each of the parties even if both parties may not have signed
the same counterpart.

	
 

		
		
10.8

	
Pronouns.  In this Agreement, the use of any gender shall be deemed to include both genders, and the use of the singular shall include the plural, wherever it appears appropriate from the context.

	
           

	
           

	
		
10.9

	
Attorney Fees.  If any legal action or other proceeding, including arbitration, is brought for the enforcement of this Agreement, or because of an alleged dispute, breach, default or misrepresentation in
connection with any provisions of this Agreement, the prevailing party shall be entitled to recover reasonable attorney fees, court costs and all expenses even if not taxable as court costs, incurred in that action or proceeding, in addition to any other relief to
which such party may be entitled.

	
           

	
           

	
		
10.10

	
Arbitration.

	
 

		
			
(a)

	
Subject to the Company’s right to pursue injunctive relief or specific performance from a court of competent jurisdiction with respect to Section 8 or Section 9, any and every dispute of any nature whatsoever that
may arise between the parties hereto, whether sounding in contract, statute, tort, fraud, misrepresentation, discrimination or any other legal theory, including but not limited to (i) any claims arising out of or relating to this Agreement, (ii) any claim arising out
of the termination of Executive’s employment, or (iii) any claim for discrimination (e.g., sex, sexual harassment, race, national origin, age, religion or disability) or retaliation, whether statutory or otherwise (e.g., claims under the Fair Labor Standards
Act, the Family and Medical Leave Act, Title VII of the Civil Rights Act of 1964 or any other similar federal, state or local law), shall be submitted to, and determined by, binding arbitration in accordance with the then-current commercial arbitration rules of the
American Arbitration Association, to the extent such rules do not conflict with the provisions of this Section 10.10 or applicable law.

	
           

	
           

	
           

	
			
(b)

	
Should either party wish to initiate arbitration, the party must first notify the other party of the dispute in writing within a reasonable time after the occurrence, event, or alleged breach of this Agreement giving rise to
the dispute, or within a reasonable time after the party in the exercise of due diligence became aware of the occurrence, event, or alleged breach, except that such notification must be given within 30 days in the event of termination for Cause under Section
7.1(b).  The arbitration shall be conducted by a single neutral arbitrator.  The parties shall endeavor to

	

 B-14

				
select a neutral arbitrator by mutual agreement.  If such agreement cannot be reached within 30 calendar days after a dispute has arisen which is to be decided by arbitration, any party or the parties jointly shall
request the American Arbitration Association to submit to each party an identical panel of seven persons.  Alternate strikes shall be made to the panel, commencing with the party bringing the claim, until the name of one person remains, who shall be the neutral
arbitrator.  The parties may, however, by mutual agreement, request the American Arbitration Association to submit additional panels of possible arbitrators.  The arbitrator shall have the power to determine all matters incident to the conduct of the
arbitration, including without limitation all procedural and evidentiary matters and the scheduling of any hearing.  The award made by the arbitrator shall be final and binding upon the parties and the subject matter.  The arbitration shall be governed by
the United States Arbitration Act, 9 U.S.C. §§ 1‐16, and judgment upon the award of the arbitrator may be entered by any court having jurisdiction thereof.  Unless otherwise agreed by the parties, the arbitration shall be held in
Oklahoma City, Oklahoma.

	
 

			
			
(c)

	
This Section 10.10 shall not prevent either party from seeking a temporary restraining order or preliminary injunctive relief from a court of competent jurisdiction in order to preserve its rights under this Agreement. 
In the event a party seeks such injunctive relief pursuant to this Agreement, such action shall not constitute a waiver of the provisions of this Section 10.10, which shall continue to govern any and every dispute between the parties, including without limitation the
right to damages, permanent injunctive relief and any other remedy, at law or in equity.

	
           

	
           

	
           

	
			
(d)

	
The Company and the Executive each waives any right to trial by jury of any dispute of any nature whatsoever that may arise between them, including, but not limited to, those disputes relating to or involving, in any way, the
construction, performance or breach of this Agreement or any other agreement between the parties, notwithstanding any contrary provisions of any federal, state or local law, regulation or ordinance.

	
 

			
			
(e)

	
By execution of this Agreement, each of the parties acknowledges and agree that such party has had an opportunity to consult with legal counsel about the terms and provisions of this Agreement, including the provision in
Section 10.10(d) above that each party knowingly and voluntarily waives any right to a trial by jury of any dispute pertaining to or relating in any way to the transactions contemplated by this Agreement.

	

 B-15

	
           

	
           

	
           

	
		
10.11

	
Indemnification.  Provided Executive is not in material default under this Agreement, the Company shall indemnify, defend and hold the Executive harmless to the maximum extent permitted by law for any
losses, damages, liabilities, expenses (including legal fees and expenses), costs, or payments incurred by the Executive in connection with or as a result of the performance of his services in any authorized capacity on behalf of the Company or any Host Energy
Management Division, as defined in the Merger Agreement, except to the extent any such losses, damages or the like are caused by the activities described in Section 7.1(b) or otherwise caused by Executive’s gross negligence or bad faith.  Further, if the
Company or any Host Companies has at any time one or more liability insurance policies in effect which insures executive officers of the Company or any of the Host Companies for errors, omissions, or otherwise, then that policy or those policies shall be extended to
cover the Executive.  The Company, for itself and its affiliates, does hereby agree and acknowledge that the indemnification provided for in this Section 10.11 is absolutely essential as a condition for the Executive to enter into this Agreement.  The
Company agrees that the indemnification provided for in this Agreement is fair and reasonable, and the Company will never assert in any manner under any circumstances that any of these indemnification provisions are in any way unenforceable for any reason.

	
           

	
           

	
	
11.

	
Guaranty by Host America Corporation.  Host America Corporation hereby unconditionally and irrevocably guaranties to the Executive and his successors and assigns, as a primary obligor and not merely as a
surety, the full and punctual payment of all sums now owing or that may in the future may be owing by the Company hereunder.  The Executive shall not be required to exhaust any right or remedy or take any action against the Company or any other person or entity
to enforce such guaranty.

	
           

	
           

	
	
12.

	
Restrictive Covenant Agreement.    Should there be any conflict between the terms of this Agreement and that certain Restrictive Covenant Agreement among the Company, Host and Executive, the terms
of the Restrictive Covenant Agreement shall govern.

B-16

            In witness whereof, the parties have signed this Agreement as of the date written above.

	
EXECUTIVE

	
          

	
COMPANY

	
                                                                           

		
                                                                           

			
GLOBALNET ACQUISITION CORP.

	
 

		
	
 

		
	
/s/ Ronald Ray Sparks                         

		
By:       /s/ Geoffrey
Ramsey                            

	
Ronald Ray Sparks

		
Name:  Geoffrey Ramsey

			
Title:     President

	
 

		
	
 

		
			
By signing below, Host America Corporation is specifically obligating itself and agreeing to be bound by provisions of Sections 6.1 and 11 above.

	
 

		
			
HOST AMERICA CORPORATION

	
 

		
	
 

		
			
By:       /s/ Geoffrey
Ramsey                            

			
Name:  Geoffrey Ramsey

			
Title:     Its President

B-17<PAGE>

EXHIBIT 10.10

                MANUFACTURING, SUPPLY AND DISTRIBUTION AGREEMENT

         THIS AGREEMENT (hereinafter "Agreement") is entered into as of the
Effective Date by and between Gebauer Medizintechnik GmbH., a German
corporation, (hereinafter "Gebauer"), and VisiJet, Inc., an United States
Delaware corporation (hereinafter "VisiJet"), and will come into power and be a
binding agreement upon the Effective Date set forth in Section 1.8 of this
Agreement.

         WHEREAS, subject to terms and conditions described in this Agreement,
VisiJet desires to be appointed an exclusive distributor of Gebauer to purchase,
market and sell certain products manufactured by Gebauer, and Gebauer is willing
and able to manufacture and supply such products to VisiJet; and

         WHEREAS, in exchange for such appointment and the valuable prior
investments made by Gebauer, VisiJet is willing to pay Gebauer consideration in
the form of cash and stock, as set forth in Section 2.1 hereof,

         NOW, THEREFORE, for good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, VisiJet and Gebauer agree as
follows:

1. DEFINITIONS

         The following terms shall have the meaning specified in this Section:

         1.1      "Accessories" shall mean the individual Product components set
                  forth in Schedule A

         1.2      "Affiliate" shall mean corporations, partnerships or other
                  business entities, which, directly or indirectly are
                  controlled by, control, or are under common control with a
                  party to this Agreement.

         1.3      "Annual Minimum" shall be defined in Schedule C hereafter.

         1.4      "Annual Forecast" shall mean a non-binding production planning
                  forecast of VisiJet's estimated requirements for Products,
                  including both estimated quantities and delivery dates, during
                  a specified twelve (12) month period.

         1.5      "Business Day" shall mean every day with the exception of
                  Saturday, Sunday or national holidays in the United States or
                  Germany.

         1.6      "CE" shall mean an abbreviation of a French phrase "Conformite
                  Europeene". The marking indicates that the manufacturer has
                  conformed with all the obligations required by legislation.

         1.7      "Confidential Information" shall mean the terms of this
                  Agreement and any information of a confidential and
                  proprietary nature disclosed by either party to the other
                  party in connection with this Agreement and identified in

*** CERTAIN INFORMATION IN THIS DOCUMENT HAS BEEN OMITTED AND FILED SEPARATELY
WITH THE SECURITIES AND EXCHANGE COMMISSION. CONFIDENTIAL TREATMENT HAS BEEN
REQUESTED WITH RESPECT TO THE OMITTED PORTIONS.

<PAGE>

                  writing as confidential and proprietary, including, but not
                  limited to, technical, financial or commercial data, business
                  plans and other competitively sensitive information.

         1.8      "Effective Date" is the date by which each party has fulfilled
                  its respective obligations at the closing, as set forth in
                  Section 18.10 hereof.

         1.9      "FDA" shall mean the United States Food and Drug
                  Administration.

         1.10     "Firm Orders" shall mean irrevocable, written purchase orders
                  for Products which specify the (i) Product(s), by SKU, as
                  defined in Schedule A, (ii) quantity to be delivered, (iii)
                  ship to location, (iv) designated carrier and (v) requested
                  delivery date.

         1.11     "Product" and "Products" shall mean the EpiTome System and the
                  LasiTome systems as well as the parts, disposables and
                  accessories specifically associated with and intended for the
                  aforementioned systems as set forth in the schedule A.

         1.12     "Master Artwork Text" shall mean the specific text for all
                  items of labeling, including but not limited to all packaging,
                  labels and markings to be provided by VisiJet and utilized by
                  Gebauer in connection with the manufacture of the Product.

         1.13     "Non-Conforming Product" shall mean any Product which does not
                  conform to the Specifications, QSRs (Quality Service
                  Requirements) or other requirements of this Agreement at the
                  time of its manufacture.

         1.14     "Specifications" shall mean the descriptions, criteria,
                  standards and other requirements set forth in the attached
                  Schedule A.

         1.15     "Systems" shall mean the EpiTome System and the LasiTome
                  System more fully described in Schedule A.

         1.16     "Term" shall have the meaning ascribed to it in Section 16.1.

         1.17     "VisiJet Sales Affiliate" shall mean all sub distributors and
                  any other group, entity or individual with whom VisiJet enters
                  into a contract for the distribution and resale of Products.

         1.18     "Year" shall mean consecutive twelve (12) month periods, with
                  Year 1 beginning on the Effective Day.

2. APPOINTMENT AS EXCLUSIVE DISTRIBUTOR; AMOUNT OF CONSIDERATION

         2.1      EXCLUSIVE RIGHTS; CONSIDERATION. Subject to the terms and
                  conditions of this Agreement including, without limitation,
                  the closing conditions set forth in Section 18.10 hereof,
                  Gebauer shall appoint VisiJet as Gebauer's exclusive
                  distributor as of the Effective Date to market, sell and
                  distribute the Products throughout the World ("Territory")
                  during the Term, and VisiJet shall (a) pay Gebauer the
                  nonrefundable amount of One Million EUROs ((euro)
                  1,000,000.00) and (b) transfer to Gebauer, at no cost to
                  Gebauer, Seven Hundred Fifty Thousand (750,000) shares of
                  VisiJet Common Stock, which VisiJet represents and warrants
                  are duly authorized, validly issued, and non-assessable.

                                       2
<PAGE>

                  Except as shown on Schedule 2.1, Gebauer represents and
                  warrants to VisiJet that it has not granted any other person
                  or firm any license, distribution or marketing rights with
                  respect to the Products, and the during the Term it will not
                  grant any license, distribution or marketing rights with
                  respect to the Products nor will it, directly or indirectly,
                  market, sell or distribute any of the Products during the
                  Term.

         2.2      KRUMEICH CLAIM. In order to enable Gebauer to provide the
                  Products at the prices set forth in Schedule B, VisiJet will
                  reimburse Gebauer for such amount as Gebauer is required to
                  pay to obtain a reduction in royalties payable to Dr. Joerg H.
                  Krumeich ("Krumeich") in respect of U.S. Patent No. 6,071,293
                  and European Patent Application No. EP 0 873 735 A1 and
                  related technology (the "Krumeich Claim"), not to exceed Two
                  Hundred Fifty Thousand US Dollars ($250,000). Such
                  reimbursement shall be paid by VisiJet within 10 days after
                  Gebauer notifies VisiJet in writing that it has settled the
                  Krumeich Claim and the amount that it is required to pay to
                  Krumeich to secure such settlement. The negotiations with
                  Krumeich will be done by Gebauer alone and neither VisiJet nor
                  its affiliates shall have any contact with Krumeich. In the
                  event that the Krumeich claims are not settled despite the
                  best efforts of Gebauer, no transfer of the $250,000 mentioned
                  funds will be required, but VisiJet agrees to an increase of
                  the transfer price of the Epitome and Lasitome systems as set
                  forth in Schedule B by the anticipated reduction of the amount
                  to be realized by Gebauer on sales of Products to VisiJet as a
                  result of royalty fees payable to Krumeich, provided however
                  that the cumulative total of such increase in the transfer
                  price to VisiJet shall not exceed $250,000.

         2.3      VISIJET SUB-DISTRIBUTORS. VisiJet shall develop and maintain
                  sub-distributor relationships with individuals and companies
                  knowledgeable of the functional capabilities and operation of
                  the Products and the procedures in which they are used. Prior
                  to entering into any agreement with any subdistributor to
                  distribute or resell the Products, VisiJet shall provide to
                  Gebauer the proposed agreement and all information requested
                  by Gebauer concerning the proposed distribution. Gebauer and
                  VisiJet will mutually agree in advance on any proposed
                  sub-distribution agreement.

         2.4      COMPETITIVE PRODUCT SALES. So long as VisiJet is a distributor
                  for Gebauer, VisiJet, its agents, employees, affiliates,
                  officers or directors shall not promote or sell any other
                  device which would be competitive to Gebauer's Products as
                  listed in Exhibit A. Exceptions to this provision are
                  VisiJet's HydroKeratome waterjet microkeratome and the
                  PulsaTome cataract/lens removal device which are presently
                  under development by VisiJet.

3. VISIJET OBLIGATIONS AS DISTRIBUTOR

         3.1      PURCHASE OF PRODUCTS: MINIMUM QUANTITIES. VisiJet shall
                  purchase Products from Gebauer on the terms and conditions set
                  forth in this Agreement and shall use all commercially
                  reasonable efforts to maximize sales of the Products in the
                  Territory.

                  (i)      After the six month period following the Effective
                           Date, VisiJet shall place Firm Orders each month of
                           not less than the minimum quantity requirements set
                           forth on attached Schedule C. Notwithstanding the
                           foregoing, for any Year in which VisiJet has already
                           submitted Firm Orders for the required Annual
                           Minimums set forth in Schedule C, for the remainder
                           of such Year: (a) the monthly Firm Orders required to
                           be submitted by VisiJet shall be reduced to 50 % of
                           the quantities set forth in Schedule C, and (b)
                           subsections (iii) and (iv) of this Section 3.1 shall
                           not apply.

                                       3
<PAGE>

                  (ii)     If, after the first six (6) month period following
                           the Effective Date, VisiJet fails to submit Firm
                           Orders within any month for at least fifty percent
                           (50%) of the minimum monthly quantities set forth in
                           Schedule C, or if VisiJet does not deliver a payment
                           to Gebauer of the amount equal to the shortfall
                           within thirty (30) days after the conclusion of such
                           a month, then Gebauer shall have the irrevocable
                           right to terminate this agreement without recourse
                           upon thirty (30) days prior written notice.

                  (iii)    If, after the six month period following the
                           Effective Date, VisiJet does not submit Firm Orders
                           within any three (3) consecutive months equal to
                           three (3) times the minimum monthly quantities as set
                           forth in Schedule C, or if VisiJet does not deliver a
                           payment to Gebauer of the amount of the shortfall
                           within thirty (30) days after the conclusion of the
                           afore-mentioned period of three (3) consecutive
                           months, then Gebauer shall have the irrevocable right
                           to convert VisiJet's rights to market and distribute
                           the Products to non-exclusive rights upon thirty (30)
                           days prior written notice.

                  (iv)     In the event that, after the six month period
                           following the Effective Date, VisiJet fails a second
                           time to submit Firm Orders within any three (3)
                           consecutive months for the required accumulated
                           minimum amount equal to three (3) times the minimum
                           monthly quantities as set forth in Schedule C, or if
                           VisiJet does not deliver a payment to Gebauer of the
                           amount of the shortfall within thirty (30) days after
                           the conclusion of the afore-mentioned period of three
                           (3) consecutive months, then Gebauer shall have the
                           irrevocable right to terminate this Agreement
                           immediately without recourse.

                  (v)      Gebauer shall notify VisiJet in writing of any
                           failure by VisiJet to place the required minimum
                           number of Firm Orders for any month within fourteen
                           (14) days after the end of the month in which such a
                           shortfall occurs.

                  (vi)     VisiJet's monthly minimum obligations and Gebauer's
                           irrevocable rights under this Section shall not apply
                           in any Year in which one of the following has
                           occurred:

                           (a)      Product recall, resulting from Gebauer's
                                    design or manufacture of the Product;

                           (b)      Failure by Gebauer during such Year to
                                    deliver at least eighty five percent (85%)
                                    of Product on the dates specified in
                                    VisiJet's Firm Orders, or the delivery by
                                    Gebauer of Non-Conforming Products in any
                                    Product category, totaling more than ten
                                    percent (10%) of all Products in such
                                    category delivered to VisiJet during such
                                    Year; or

                           (c)      Uncured material breach of this Agreement by
                                    Gebauer.

                                       4
<PAGE>

         3.2      CERTAIN OTHER DUTIES OF VISIJET AS DISTRIBUTOR. VisiJet shall,
                  at its expense, be responsible for:

                  (i)      All marketing decisions regarding the Products
                           including, but not limited to, labeling, packaging,
                           advertising, pricing, and with support and assistance
                           of Gebauer, professional education. Notwithstanding
                           the foregoing, Gebauer shall have the right and
                           responsibility to approve all labeling in order to
                           insure accuracy and legal compliance. Gebauer will
                           not unreasonably withhold such approval and shall do
                           so on a timely basis.

                  (ii)     Customer order processing, billing and collection of
                           payment for Products sold by VisiJet in the
                           Territory.

                  (iii)    Preparing all promotional and educational materials
                           and conducting all promotional activities relating to
                           the Products sold by VisiJet in compliance with all
                           applicable laws and regulations of the Regulatory
                           Authorities in each country in the Territory. These
                           activities include but are not limited to the
                           following:

                           o      Professional Journal Advertising
                           o      Product Brochures
                           o      Product Spec Sheets
                           o      Sales Literature
                           o      Physician Training Manuals
                           o      Training Course Materials
                           o      Sales Rep Training Manuals
                           o      White Papers
                           o      Symposium Papers
                           o      Journal Reprints
                           o      Promotional DVDs
                           o      Round Table Panel Discussions
                           o      Product Newsletters
                           o      User Conference Manuals
                           o      Website Content
                           o      Direct Mail Promotions
                           o      Internet Promotions
                           o      Fax Blasts
                           o      Scientific Conference Graphics and Panels
                           o      Scientific Conference Promotional Materials
                           o      Scientific Conference Signage
                           o      Sales Rep Portable Booth Graphics
                           o      Distributor Training Manuals

                  (iv)     Establishing and maintaining a system of record
                           keeping, with the support and assistance of Gebauer,
                           including a register of lot numbers and individual
                           Product numbers and customer names and addresses for
                           all Product sold by VisiJet in order to assist
                           Gebauer with traceability in the event of a Product
                           recall. VisiJet shall require all of its customers
                           that are not the end users of Products, including all
                           VisiJet Sales Affiliates, to maintain a similar
                           register, including names and addresses of its end
                           users in accordance with all applicable state,
                           federal and country guidelines.

                                       5
<PAGE>

                  (v)      Conducting and continuing clinical trials for the
                           establishment, credibility and enhancement of the
                           EpiLASIK procedure and specifically for the
                           performance of the EpiTome product.

         3.3      DEMO UNITS AND INITIAL ORDERS. VisiJet shall place Firm Orders
                  within 30 days of the Effective Date for: (a) four (4) demo
                  units of the EpiTome and LasiTome from Gebauer for the purpose
                  of conducting physician clinical training and for
                  demonstration at major ophthalmic scientific conferences at a
                  discount price as outlined in Exhibit B, and (b) the first
                  thirty (30) Systems, to be delivered by Gebauer at no less
                  than ten (10) Systems per month after its receipt of such Firm
                  Orders. Such Systems shall conform to the Specifications and
                  satisfy all other conditions and requirements set forth in
                  this Agreement.

         3.4      SERVICE ENGINEER. VisiJet shall at all times maintain at least
                  one service engineer trained in the repair and servicing of
                  Gebauer's products. VisiJet shall sponsor said engineer and
                  pay for all associated travel expenses for training in
                  Gebauer's headquarters in Neuhausen, Germany. Training shall
                  occur within one month of the Effective Date of this
                  Agreement.

4. VISIJET'S RIGHTS TO PURCHASE; GEBAUER'S SUPPLY OBLIGATIONS

         4.1      REQUIREMENTS. During the Term, VisiJet shall have the right to
                  purchase and Gebauer shall manufacture and supply VisiJet's
                  requirements for the Products at such times and in such
                  quantities as specified by VisiJet in its Annual Forecasts and
                  amendments and Firm Orders as provided herein.

         4.2      INVENTORY. Beginning six (6) months following the Effective
                  Date, Gebauer will guarantee the availability of and maintain
                  in inventory Fifteen (15) LasiTome/EpiTome Systems and all the
                  material for further Fifteen (15) LasiTome/EpiTome Systems.
                  Additionally, Gebauer will by the above mentioned time
                  guarantee the availability of and maintain in inventory Two
                  Thousand (2,000) LASIK-Blades, and Four Thousand (4,000)
                  Epi-Blades.

         4.3      ACCESSORIES. VisiJet shall have the right to purchase
                  Accessories on an as needed basis.

         4.4      SOFTWARE UPGRADES AND IMPROVEMENTS. Gebauer shall make
                  available to VisiJet, and VisiJet shall have the right to
                  market and sell, software upgrades and any improvements to the
                  Products or EpiTome Separator developed or acquired by Gebauer
                  during the Term. VisiJet shall be responsible for the
                  dissemination and any training relating to such software
                  upgrades or improvements.

         4.5      SERVICE CONTRACTS. VisiJet shall have the right to offer its
                  consumers a service contract through Gebauer and subject to
                  Gebauer's prior written approval to extend the one-year
                  warranty described in Section 11.2 for additional one-year
                  periods, subject to payment to Gebauer of the fee for service
                  contracts set forth in Section 6.4 and such other terms and
                  conditions as the parties shall mutually agree. Gebauer shall
                  provide, or arrange to provide through a mutually agreed upon
                  third party, service under the terms of such service
                  contracts.

                                       6
<PAGE>

5. FORECASTS, ORDERS, SHIPMENTS, ACCEPTANCE

         5.1      ANNUAL FORECASTS. VisiJet will provide Gebauer with an initial
                  Annual Forecast upon execution of this Agreement and shall
                  update the Annual Forecast on a rolling basis no later than
                  sixty (60) days prior to the first day of each subsequent
                  Quarter.

         5.2      FIRM ORDERS. VisiJet will provide Gebauer with an initial Firm
                  Order upon execution of this Agreement on its written Purchase
                  Order Form by mail or fax (with original following by mail)
                  and paid for in accordance with the payment terms as specified
                  in Section 6.3 and will submit subsequent Firm Orders to
                  Gebauer at least sixty (60) calendar days in advance of
                  VisiJet's requested delivery date. All Purchase Orders shall
                  be consistent with the provisions of this Agreement and any
                  inconsistent terms shall be deemed stricken.

         5.3      MINIMUM ORDERS. In each three-month period (a "Quarter")
                  during the Term, VisiJet will submit Firm Orders for no less
                  than Eighty Five Percent (85%) of the quantities specified in
                  the then current Annual Forecast for such Quarter. Gebauer
                  shall not be required to accept Firm Orders during any Quarter
                  which, in the aggregate, specify a quantity of Products
                  greater than the One Hundred Twenty percent (120%) of the
                  quantity forecasted for such Quarter in the most recent Annual
                  Forecast. Yearly minimum purchases are defined in Schedule C.

         5.4      SHIPMENT. All prices for Product and Accessories are FOB
                  Gebauer's warehouse facilities in Germany. Title and risk of
                  loss or damages to the Products shall pass to VisiJet upon
                  Gebauer's delivery to VisiJet's designated carrier for
                  shipment. VisiJet shall bear any costs of shipment of Products
                  to VisiJet's warehouse or other designated location as well as
                  the amount of any and all taxes (other than income or
                  franchise taxes or duty imposed by the German government upon
                  Gebauer), custom duties or other charges which may be required
                  to be paid or collected on the sale, delivery, or
                  transportation of the Products.

         5.5      ORDER CANCELLATION. Gebauer may cancel any accepted orders or
                  refuse or delay shipment of any orders if VisiJet fails to
                  meet any obligation arising under this Agreement.

6. PRICE AND PAYMENT

         6.1      PURCHASE PRICE. The purchase price for the Products and
                  Accessories shall be as set forth in Schedule B.

         6.2      PRICE INCREASES. The prices set forth in Schedule B shall
                  remain fixed until March 31, 2005. Thereafter, prices may be
                  increased effective April 1, 2005 and on each subsequent April
                  1 during the Term by written notice delivered to VisiJet no
                  later than January 1 of that calendar year during which the
                  next April 1 price increase will become effective, provided
                  that the amount of such annual price increases shall not
                  exceed three percent (3%) of the then applicable prices.

                                       7
<PAGE>

         6.3      PAYMENT TERMS. VisiJet shall pay fifty percent (50%) of the
                  purchase price for each System, Console or Handpiece ordered
                  by VisiJet together with submission of VisiJet's Firm Orders.
                  VisiJet shall pay the remaining fifty percent (50%) of the
                  purchase price within thirty (30) days from the date of
                  shipment of such Products in accordance with Section 5.4.
                  VisiJet shall pay the purchase price as set forth in Schedule
                  B for all parts, disposables and accessories within thirty
                  (30) days from the date of shipment.

         6.4      SERVICE CONTRACTS. VisiJet shall pay Gebauer a percentage of
                  all gross proceeds from all service contracts entered into by
                  VisiJet and approved in writing by Gebauer. Such payment shall
                  constitute full and final payment for all covered parts and
                  services to be provided under such Service Contracts,
                  including shipping costs to and from Gebauer. VisiJet and
                  Gebauer will mutually agree upon the pricing and other terms
                  of the Service Contracts, including but not limited to minimum
                  charges and the applicable percentage within three months of
                  the Effective Date, but in no case shall the applicable
                  percentage be less than 60 %. Payment to Gebauer shall be made
                  no later than the tenth day of the month for any service
                  contracts entered into by VisiJet and approved by Gebauer in
                  the previous calendar month.

         6.5      ACCESSORIES. VisiJet shall pay the purchase price for
                  Accessories within thirty (30) days following the receipt of
                  shipment or receipt of invoice from Gebauer whichever is
                  later.

         6.6      ENGINEERING SERVICES. In the event Gebauer provides
                  engineering services, VisiJet shall pay Gebauer for such
                  services at an hourly rate of One Hundred Thirty Five Dollars
                  ($135USD) and reimburse Gebauer for its reasonable out of
                  pocket costs. Any amounts payable for engineering services
                  shall be payable within thirty (30) days following receipt of
                  invoice for such services.

         6.7      LATE PAYMENT CHARGES. Any amounts not paid by VisiJet when due
                  shall be subject to a late payment fee of 1.5% per month until
                  such amounts are paid in full.

         6.8      SOFTWARE UPGRADES. VisiJet shall pay Gebauer the greater of
                  (i) Fifty Percent (50%) of the gross sales price of all
                  software upgrades sold by VisiJet, or (ii) Gebauer's standard
                  price for the software upgrade or improvement, payable by wire
                  transfer by the tenth day of each month for all software
                  upgrades sold in the previous month.

         6.9      CURRENCY: All payments due hereunder shall be made in Euros to
                  Gebauer at its headquarters in Neuhausen, Germany, or such
                  other place as Gebauer may designate. Currency conversion
                  rates are to be defined by rates published in THE WALL STREET
                  JOURNAL on the first day of the month prior to the payment due
                  date.

         6.10     QUARTERLY STATEMENTS; AUDITS.

                  (i)      Each party shall maintain books and records prepared
                           in accordance with international accounting standards
                           reflecting in a reasonable level of detail the data
                           utilized to calculate the amounts payable pursuant to
                           this Agreement for no less than two (2) years after
                           the end of each payment period.

                                       8
<PAGE>

                  (ii)     Each party shall have the right, at its own expense
                           (except as otherwise provided below), to have the
                           other party's supporting books and records examined
                           during regular business hours upon reasonable advance
                           notice by such party or an internationally recognized
                           independent certified public accounting firm
                           designated by such party and reasonably acceptable to
                           the other party. The right of examination must be
                           exercised, with respect to any payment period, prior
                           to the expiration of the applicable two-year record
                           retention period and shall not be exercised more
                           frequently than once each calendar year. Each person
                           participating in an examination shall agree not to
                           disclose any information obtained during such
                           examination which does not directly relate to the
                           calculation of the amounts payable under this
                           Agreement. If an examination results in the discovery
                           of an underpayment by one party to the other of 10%
                           or more of the amounts actually paid, the cost of
                           such examination shall be paid by the underpaying
                           party. Additionally, the underpaying party shall
                           immediately pay such shortfall plus any applicable
                           late payment charges.

7. INTELLECTUAL PROPERTY

         7.1      OWNERSHIP. Gebauer shall retain all rights, title and interest
                  in and to all intellectual property rights relating to the
                  Products. VisiJet shall have no right to modify or alter any
                  of the Products or Accessories in any way. Neither party shall
                  use any trade mark of the other party without the other's
                  prior written consent.

         7.2      RESPONSE TO INFRINGEMENT. If either party becomes aware of any
                  infringement or threatened infringement of the patent rights
                  of Gebauer for the Products, the party having such knowledge
                  will give notice to the other. Gebauer shall have the
                  responsibility to take such action as it may deem necessary,
                  at its own expense, to prevent or eliminate such infringement.
                  The other party shall cooperate in any reasonable manner.
                  Gebauer shall not compromise or settle any suit for
                  infringement of its patent rights relating to the Products in
                  the Territory by providing a license to such infringing party
                  to sell the Products without the prior written approval of
                  VisiJet, which approval shall not be unreasonably withheld,
                  conditioned or delayed.

         7.3      VISIJET SELF-HELP RIGHTS. In the event that Gebauer does not
                  take any action to prevent or eliminate infringement of its
                  patent rights relating to the Products in the Territory within
                  ninety (90) days after receipt of notice from VisiJet in
                  accordance with Section 7.3, VisiJet shall have the right to
                  take all reasonable and appropriate actions, including
                  litigation, to terminate such infringement. Gebauer shall
                  cooperate with VisiJet, and execute any necessary documents
                  relating to such action. VisiJet shall not compromise or
                  settle any suit for infringement without the prior written
                  approval of Gebauer, which approval shall not be unreasonably
                  withheld, conditioned or delayed. Gebauer shall reduce the
                  transfer price for the Products sold by VisiJet within the
                  part of the Territory subject to the infringement action by 5
                  % for the duration of the litigation.

         7.4      DAMAGE AWARDS. Any damages recovered by the party bringing the
                  action for patent infringement will be used first to
                  compensate that party for its out-of-pocket expenses in the
                  prosecution of any such action, suit or proceeding for
                  infringement. Any remaining damages recovered by that party
                  will be apportioned between VisiJet and Gebauer in proportion
                  to the damage incurred by each party as a result of the
                  infringement.

                                       9
<PAGE>

8. THIRD PARTY RIGHTS

         8.1      NOTICE OF CLAIMS. If either party becomes aware of any action,
                  or suit, or threat of action or suit, by a third party
                  alleging that the manufacture, use or sale or offer for sale
                  of the Products infringes a patent, or violates any other
                  proprietary rights of any third party, such party will
                  promptly notify the other party of the same and fully disclose
                  all information relating thereto.

         8.2      DEFENSE. Gebauer shall use commercially reasonable efforts to
                  defend any such action relating to the Products. Gebauer shall
                  cooperate and consult with VisiJet during the course of such
                  defense and shall keep VisiJet fully informed with respect to
                  all significant aspects of such action. VisiJet shall assist
                  Gebauer by providing information in the possession and control
                  of VisiJet and by providing such fact witnesses as may be
                  reasonably necessary to such defense.

         8.3      JUDGMENTS AND SETTLEMENTS. If, by the terms of: (i) a
                  settlement of any claim against VisiJet or Gebauer, or (ii) a
                  judgment, decree or decision of a court, tribunal or other
                  authority of competent jurisdiction finding that the sale of
                  any of the Products infringed a patent, or violated any other
                  proprietary rights of any third party, and VisiJet is required
                  to compensate or pay damages to such third party, Gebauer will
                  pay all such damages up to the amount paid by VisiJet to
                  Gebauer pursuant to this Agreement. In the event that VisiJet
                  is unable to continue to sell the Product in any country in
                  the Territory due to potential infringement of a third party's
                  rights, Gebauer will, at its sole option and expense: (a)
                  replace or modify the infringing Product so that it becomes
                  non-infringing as long as functionality is not materially and
                  adversely affected; or (b) procure the right to continue
                  manufacturing and selling the Products; or (c) if Gebauer is
                  unable to replace or modify the infringing Product or to
                  procure the right to continue to manufacture and sell the
                  Products on commercially reasonable terms, terminate the
                  Agreement and return to VisiJet a prorated portion of the one
                  million EURO payment required by Section 2.1 above based on
                  the remaining Term of the Agreement at the time of such
                  termination.

9. REGULATORY COMPLIANCE

         9.1      PRODUCT REGISTRATIONS. Gebauer shall obtain and maintain all
                  site licenses and regulatory approvals which may be or become
                  necessary to enable Gebauer to manufacture and sell the
                  Products to VisiJet. Gebauer shall maintain all device
                  registrations for the European Union and other countries that
                  are in existence at the time of signing of this agreement.
                  VisiJet will be responsible for obtaining and maintaining in
                  its own name and the name of Gebauer, or the name of a VisiJet
                  Affiliate and the name of Gebauer all device registrations and
                  regulatory filings for any other country VisiJet wants to
                  market the products with Gebauer's reasonable assistance. Each
                  party shall execute such documents and provide such
                  information to assist the other in obtaining or transferring
                  registrations in accordance with the terms of this Section 9.1
                  as may be reasonably requested by either party.

                                       10
<PAGE>

         9.2      AUTHORIZED REPRESENTATIVE. For purposes of the European
                  Medical Device Directive (EEC93/42), Gebauer shall be
                  designated as the Manufacturer of the Products and VisiJet,
                  Inc., shall serve as the Authorized Representative

         9.3      AGENCY INSPECTIONS. Gebauer will notify VisiJet of the outcome
                  of any inspection of Gebauer's manufacturing or warehouse
                  facilities by the FDA, CE Notified Bodies, or any regulatory
                  agency of any other country and shall notify VisiJet within
                  five (5) Business Days of any regulatory action taken.

10. QUALITY ASSURANCE AND IMPROVEMENTS

         10.1     MASTER ARTWORK TEXT. VisiJet shall develop and provide the
                  Master Artwork Text in label or printed form no less than ten
                  (10) Business Days prior to the shipment of the demonstration
                  Systems referred to in Section 3.3 and Section 5.4 above.
                  VisiJet shall develop and provide Gebauer with print quality
                  Master Artwork Text for use with all subsequent Products to be
                  delivered under this Agreement no less than twenty (20)
                  Business Days prior to the delivery date specified in
                  VisiJet's subsequent Firm Order. The Master Artwork Text, and
                  any subsequent revision thereto provided by VisiJet, shall
                  become incorporated as part of the Specifications and shall
                  not be altered in any way by Gebauer without the prior written
                  consent of VisiJet.

         10.2     PACKAGING. All Products shall be packaged in VisiJet's
                  designated packaging using VisiJet's designated brand names,
                  model numbers and Master Artwork Text and shall include a
                  mutually agreed upon reference to Gebauer.

         10.3     QUALITY ASSURANCE. Gebauer shall conduct quality testing on
                  the Products prior to delivery to VisiJet as set forth in the
                  Specifications and as required under the QSRs and shall
                  deliver to VisiJet concurrently with each shipment a
                  Certificate of Compliance stating that each Product shipped
                  has been produced in accordance therewith. Gebauer shall
                  retain all manufacturing records for no less than ten (10)
                  years following the date of manufacture. Gebauer shall
                  maintain documentation regarding each serialized unit and
                  software revision level (as applicable) for each Product
                  manufactured by or on behalf of Gebauer hereunder.

         10.4     ACCESS. VisiJet shall have access to all manufacturing records
                  within five (5) Business Days of any written request
                  therefore, provided that information requested by a CE
                  Notified Body, an authorized regulatory agency or by VisiJet
                  in the event of an emergency, will be provided within no more
                  than two (2) Business Days notice. VisiJet shall have the
                  right to conduct an annual audit of Gebauer's and any contract
                  manufacturer's, manufacturing and warehouse facilities and
                  records to ensure that Gebauer's quality assurance system is
                  effective and in accordance with the QSRs. VisiJet and its
                  authorized representatives shall have the right to inspect
                  such facilities during normal business hours with ten (10)
                  Business Days prior written notice, provided that in the event
                  that VisiJet determines, in its reasonable discretion, that an
                  onsite inspection is required in order to investigate a
                  specific quality concern or Product complaint, VisiJet shall
                  be entitled to conduct such an inspection upon two (2)
                  Business Days prior written notice.

         10.5     MANUFACTURING CHANGES.

                                       11
<PAGE>

                  (i)      SITE AND RESPONSIBILITY. Gebauer shall not change the
                           site of manufacture of the Products without VisiJet's
                           prior written approval, which shall not be
                           unreasonably withheld or delayed. Gebauer shall not
                           assign or subcontract manufacturing responsibility
                           without VisiJet's prior written approval, which shall
                           not be unreasonably withheld or delayed. For purposes
                           of this Section, the "site of manufacture" and
                           "manufacturing responsibility" shall mean the
                           location and responsibility for the final assembly
                           and quality testing of the Products.

                  (ii)     METHODS. Gebauer shall not substantively change the
                           methods of manufacture relied upon by VisiJet for
                           qualification without VisiJet's prior written
                           consent, which consent shall not be unreasonably
                           withheld or delayed.

                  (iii)    MATERIALS AND SUPPLIERS. Gebauer shall provide
                           VisiJet with a bill of materials and list of
                           suppliers for each Product, which information shall
                           be deemed Confidential Information of Gebauer.
                           Gebauer shall notify VisiJet of any proposed
                           substitution of any critical materials or suppliers
                           at least five (5) Business Days prior to
                           implementation of such change. In the absence of any
                           reasonable objection from VisiJet prior to the
                           expiration of such notice period, Gebauer shall be
                           free to implement the change identified in such
                           notice. The parties shall identify a list of
                           materials and supplies which can be substituted or
                           sourced from alternate suppliers without notice to or
                           consent by VisiJet.

                  (iv)     MANUFACTURING IMPROVEMENTS. The parties shall work
                           together to reduce manufacturing costs and to improve
                           yields, quality and performance. VisiJet shall have
                           the right to request that the Products be sourced by
                           Gebauer through a third party, provided that such
                           outsourcing reduces Gebauer's cost and, the parties
                           shall share any such cost savings equally by
                           corresponding adjustments to the purchase price
                           payable by VisiJet for such Products.

                  (v)      SOFTWARE UPGRADES AND PRODUCT IMPROVEMENTS. Gebauer
                           shall make reasonable commercial efforts to provide
                           specific software upgrades or other Product
                           improvements requested by VisiJet. Gebauer shall
                           exercise reasonable efforts to promptly correct and
                           provide customer solutions, at its own expense, for
                           any material errors identified by either party in the
                           operation of the software.

                  (vi)     NEW APPLICATIONS. The parties agree to work together
                           in good faith to evaluate the opportunities for
                           developing additional applications for the Products.

11. REPRESENTATIONS AND WARRANTIES

         11.1     GEBAUER WARRANTIES. Gebauer hereby represents and warrants
                  that (i) all Products supplied by Gebauer to VisiJet hereunder
                  shall have been manufactured, quality tested and packaged in
                  accordance with, and shall conform to, the Specifications, all
                  other requirements set forth in this Agreement and all laws
                  and regulations, including but not limited to the QSRs, as
                  such laws, regulations and requirements are constituted and
                  effective as of the time of shipment of the Products to
                  VisiJet, (ii) Gebauer will maintain the integrity of the
                  practices and processes upon which VisiJet has relied for

                                       12
<PAGE>

                  qualification; and (iii) Gebauer has capability and capacity
                  to perform all of it's obligations hereunder. Gebauer hereby
                  represents and warrants that to the best of its knowledge it
                  is the sole owner of, or has the right to use, all
                  intellectual property necessary to develop and manufacture the
                  Products, and any other materials supplied by Gebauer pursuant
                  hereto, and that neither the Products nor any trademarks or
                  designs used in connection therewith infringe any patent,
                  copyright, trademark or other similar proprietary right of any
                  person.

         11.2     PRODUCT WARRANTIES. Gebauer warrants that it will use
                  commercially reasonable care in the manufacture of the
                  Products and that such Products shall be free from material
                  defects in materials and workmanship under normal use and
                  service. Gebauer's obligations under this warranty shall be
                  limited to replacement of any Product which is determined to
                  be Non-Conforming within one (1) year from the date of
                  original shipment to VisiJet.

         11.3     VISIJET REPRESENTATIONS AND WARRANTIES. VisiJet represents and
                  warrants that it has the resources, capability and capacity to
                  perform its obligations hereunder. VisiJet also represents and
                  warrants that it shall, obtain within [****] of the Effective
                  Date, no less than [****] in net proceeds from an offering of
                  its equity securities, to fund its ongoing operations and
                  business activities. VisiJet acknowledges that in the event of
                  a breach of this representation, Gebauer shall have the right
                  to immediately terminate this Agreement.

12. RECALLS, COMPLAINTS, RETURNS AND SUPPLY FAILURE

         12.1     NOTIFICATION. The parties shall immediately contact each other
                  in the event that either party has any reason to believe that
                  a voluntary withdrawal or recall of any Product may be
                  necessary. VisiJet and Gebauer shall jointly confer and
                  cooperate to resolve any issues with respect to a voluntary
                  withdrawal or recall, including without limitation, the
                  necessity of declaring the voluntary withdrawal or recall, the
                  manner in which the voluntary withdrawal or recall should be
                  conducted and the duration of the voluntary withdrawal or
                  recall, provided that either party shall have the right to
                  require a voluntary withdrawal of any Product in the event of
                  a reasonable and good faith concern regarding the safety of
                  such Product. VisiJet shall be responsible for notification of
                  the applicable health authorities in the event of a voluntary
                  withdrawal or recall.

         12.2     VISIJET RESPONSIBILITY. VisiJet shall be responsible for the
                  costs of a recall or voluntary withdrawal, and shall reimburse
                  Gebauer for any costs reasonably incurred by Gebauer, in the
                  event a recall or voluntary withdrawal which is determined, by
                  mutual agreement of the parties (or, if the parties fail to
                  agree, by arbitration pursuant to Section 18.6), to have been
                  caused by VisiJet's storage, promotion, packaging or
                  distribution of Products.

         12.3     GEBAUER RESPONSIBILITY. Gebauer shall be responsible for the
                  costs of a recall or voluntary withdrawal, and shall reimburse
                  VisiJet for any costs reasonably incurred by VisiJet in the
                  event a recall or voluntary withdrawal which is determined, by
                  mutual agreement of the parties (or by an independent third
                  party if the parties are unable to agree upon the cause), to
                  have been caused by a defect in the design or manufacture of
                  the Product.

                                       13
<PAGE>

         12.4     MARKET COMPLAINTS. VisiJet shall establish and maintain an
                  appropriate system for collecting, recording and maintaining
                  market complaints relating to the Products, communicating
                  market complaint information to Gebauer, facilitating
                  corrective actions and product recalls. VisiJet will report
                  all Product or packaging-related complaints to Gebauer within
                  ten (10) Business Days following receipt of the complaint.
                  Gebauer shall provide VisiJet with a written acknowledgement
                  of receipt of the complaint or suspected adverse incident and
                  take appropriate investigative and, if necessary corrective
                  action, as required by the QSRs for the design and manufacture
                  of the applicable Product, and shall provide VisiJet with all
                  relevant information relating to any such investigation and
                  corrective action. VisiJet shall be responsible, in
                  consultation with Gebauer for reporting any adverse incident
                  to the relevant regulatory authorities as required by the
                  QSRs.

         12.5     RETURNS. VisiJet shall be responsible for responding to
                  inquiries or complaints concerning any Product and for the
                  collection and processing of any Products returned by
                  customers as defective. VisiJet shall return such Product to
                  Gebauer for evaluation. Any Product which is confirmed by
                  Gebauer to be Non-Conforming shall be repaired or replaced
                  without additional charge, including all shipping costs to and
                  from Gebauer. Gebauer shall use reasonable commercial efforts
                  to repair or replace any Non-Conforming Products within twenty
                  (20) Business Days after receiving the Non-Conforming Product.

         12.6     SUPPLY FAILURE. In the event that Gebauer is unable for any
                  reason to supply at least eighty percent (80%) of VisiJet's
                  Firm Orders for Product in any two consecutive Quarters,
                  VisiJet shall be entitled to require Gebauer to qualify a
                  second source for the manufacture of the Products on Gebauer's
                  behalf, subject to all other terms and conditions of this
                  Agreement. Gebauer shall provide all manufacturing
                  documentation and such other assistance as may be necessary or
                  useful to establish manufacturing operations by such third
                  party, subject to the execution of appropriate non-disclosure
                  restrictions. Gebauer shall purchase the applicable Product(s)
                  from such second source and sell and deliver the Product(s) to
                  VisiJet in accordance with the provisions of, and at the
                  prices set forth in, this Agreement. Gebauer shall grant the
                  second source a royalty-free, non-exclusive license to any
                  intellectual property rights necessary to enable the second
                  source to manufacture the Products until such time as Gebauer
                  is again able to meet the requirements referenced above.

13. INDEMNIFICATION

         13.1     Subject to the limitations set forth in Section 8 and Section
                  11 above, Gebauer shall indemnify and hold harmless VisiJet,
                  its officers, agents and employees against any claim, loss,
                  damage, penalty, assessment or expense (including reasonable
                  attorneys fees) (a "Claim") arising directly or indirectly
                  from Gebauer's (i) manufacture, testing, handling or storage
                  of the Product, (ii) breach of warranty, (iii) breach of any
                  of its other obligations under this Agreement; or (iv)
                  infringement of any intellectual property rights belonging to
                  any third party.

                                       14
<PAGE>

         13.2     VisiJet shall indemnify and hold harmless Gebauer and its
                  officers, agents and employees against any Claim arising
                  directly or indirectly from VisiJet's (i) handling or storage
                  or the Product, (ii) marketing, packaging, sale or
                  distribution of the Product, (iii) breach of any of its
                  obligations under this Agreement, (iv) breach of any of its
                  representations or warranties, or (v) infringement of any
                  intellectual property rights belonging to any third party.

         13.3     In the event that either party (the "Indemnified Party")
                  receives notice of, or becomes aware of, a Claim for which the
                  Indemnified Party intends to seek indemnification hereunder,
                  the Indemnified Party shall promptly provide the other party
                  (the "Indemnifying Party") with notice of such claim. The
                  Indemnifying Party shall have the right, at its option and its
                  own expense, to be represented by counsel of its own choice
                  and to defend against, negotiate, settle or otherwise deal
                  with any such Claim, provided the Indemnifying Party shall not
                  enter into any settlement or compromise of any such Claim
                  which could lead to liability or create any financial or other
                  obligation on the part of the Indemnified Party without the
                  Indemnified Party's prior written consent which consent shall
                  not be unreasonably withheld. The Indemnified Party may
                  participate in the defense of any Claim with counsel of its
                  own choice and at its own expense. The parties agree to
                  cooperate fully with each other in connection with the
                  defense, negotiation or settlement of any such Claim. In the
                  event that the Indemnifying Party does not undertake the
                  defense, compromise or settlement of a Claim, the Indemnified
                  Party may undertake such defense, compromise, or settlement,
                  but shall not settle or compromise any such claim with the
                  Indemnifying Party's prior written consent, which consent
                  shall not be unreasonably withheld.

         13.4     NEITHER PARTY SHALL BE LIABLE FOR ANY SPECIAL, INCIDENTAL,
                  INDIRECT OR CONSEQUENTIAL DAMAGES, OR FOR THE LOSS OF PROFIT,
                  REVENUE, OR DATA, ARISING OUT OF OR RELATING TO THIS AGREEMENT
                  EVEN IF THE OTHER PARTY HAS BEEN ADVISED OF THE POSSIBILITY OF
                  SUCH POTENTIAL LOSS.

14. INSURANCE

         During the term of this Agreement and for two (2) years thereafter
         Gebauer shall maintain product liability insurance (containing a broad
         form of vendors endorsements) on the Products with a minimum of One
         Million Dollars ($1,000,000) for bodily injury, One Million Dollars
         ($1,000,000) for each claim and One Million Dollars ($1,000,000) for
         property damage, and an aggregate limit of Two Million Dollars
         ($2,000,000). Gebauer shall, upon VisiJet's request, provide a
         Certificate of Insurance evidencing such insurance.

15. CONFIDENTIALITY AND ANNOUNCEMENTS

         15.1     During the Term of this Agreement and after the expiration or
                  termination of this Agreement, a party receiving (the
                  "Receiving Party") Confidential Information of the other party
                  (the "Disclosing Party") pursuant to this Agreement shall not:

                  (i)      Use such Confidential Information for any reason
                           other than for the purpose of fulfilling the
                           Receiving Party's obligations and commitments under
                           the terms of this Agreement.

                                       15
<PAGE>

                  (ii)     Disclose such Confidential Information to any person
                           other than employees of the Receiving Party who have
                           a need to know such information and to third parties
                           subject to written agreements prohibiting the
                           disclosure or use of such Confidential Information
                           other than for the purposes contemplated by this
                           Agreement.

                  (iii)    Upon the Disclosing Party's request, the Receiving
                           Party shall return or destroy, at the Disclosing
                           Party's option, all materials, documents or records
                           incorporating the Disclosing Party's Confidential
                           Information, provided that the Receiving Party shall
                           be entitled to retain one copy of such records for
                           archive purposes which shall remain subject to the
                           restrictions against use and disclosure set forth
                           herein.

         15.2     The obligations set forth in Section 15.1 above shall not
                  apply to any information that the Receiving Party can show by
                  competent proof (i) was generally known to the public at the
                  time of disclosure by the Disclosing Party; (ii) becomes
                  generally known to the public thereafter through no act or
                  omission of the Receiving Party or its officers, employees,
                  agents, or representatives; (iii) was disclosed to the
                  Receiving Party by a third party having a bona fide right both
                  to possess the information and to disclose it to the Receiving
                  Party, or, (iv) is developed by the Receiving Party through
                  entirely independent efforts and without use of the
                  Confidential Information.

         15.3     Neither party shall make any press release or trade
                  announcement relating to this Agreement, or otherwise disclose
                  the terms of this Agreement, without the prior written consent
                  of the other party, except as required by a court of competent
                  jurisdiction or pursuant to the disclosure requirements of a
                  governmental agency.

16. TERM AND TERMINATION

         16.1     TERM. This Agreement will commence on the Effective Date and
                  will continue in effect for three (3) years from the Effective
                  Date (the "Initial Term") unless earlier terminated pursuant
                  to the provisions of the Agreement. VisiJet may at its
                  election, upon fifteen (15) days prior written notice to
                  Gebauer before the end of the Initial Term, extend the term of
                  this Agreement for an additional [****] years, provided that
                  VisiJet has both: (a) achieved a combined installed base of
                  [****] Epi-Tome and Lasi-Tome Systems within the Territory,
                  and (b) sold at least [****] Epi-Tome and Lasi-Tome blades
                  during the preceding [****] month period.

         16.2     EARLY TERMINATION. One party may terminate this Agreement at
                  any time in the event of the other party's (i) failure to cure
                  any noncompliance with any material term of this Agreement
                  within thirty (30) days following receipt of written notice of
                  such noncompliance, provided that any payment defaults must be
                  cured within ten (10) days following notice, or (ii)
                  immediately if the other party (a) terminates or suspends its
                  business or operations; (b) becomes subject to any bankruptcy
                  or insolvency proceeding under any applicable statute; (c)
                  becomes insolvent or subject to direct control by a trustee,
                  receiver or similar authority; or (d) has commenced the
                  process of winding up or liquidating.

                                       16
<PAGE>

         16.3     EFFECT OF TERMINATION. In the event of termination of this
                  Agreement by VisiJet in accordance with Section 16.2, and
                  provided that VisiJet continues to be the exclusive
                  distributor of the Products through the termination date,
                  VisiJet will have the option to purchase any finished Product
                  inventory in Gebauer's facilities on the termination date or
                  cancel any purchase order delivered prior to the date notice
                  of termination is given, provided that any Product ordered and
                  shipped prior to the effective date of termination which is
                  received by VisiJet shall be paid for in full by VisiJet in
                  accordance with the terms of this Agreement. In the event this
                  Agreement is terminated by Gebauer, all finished Products
                  manufactured and work in progress initiated pursuant to
                  Section 4.2 in response to Firm Orders submitted prior to the
                  effective date of termination shall be paid for in full by
                  VisiJet in accordance with the terms of this Agreement.
                  VisiJet shall have the right to apply any unused portion of
                  the credit for prepaid inventory remaining under Section 6.3
                  of this Agreement against the total purchase price for any
                  Products delivered to VisiJet following termination.

17. FORCE MAJEURE

         Neither party shall be liable to the other for loss or damages for any
         default or delay attributable to any cause beyond the reasonable
         control of that party, including, but not limited to an act of God,
         flood, fire, explosion, strike war, acts or terrorism, governmental
         action other regulatory enforcement action arising from any violation
         of law, rule or regulation by the party seeking the protection of this
         provision. If such an event occurs, the party affected shall notify the
         other party and shall exercise diligent efforts to resume performance
         of its obligations as soon as possible. In the event the party affected
         is unable to resume performance within sixty (60) days, the other party
         shall have the right to terminate this Agreement upon ten (10) days
         prior written notice. Notwithstanding the foregoing, VisiJet's payment
         obligations to Gebauer, with respect to Products and services
         theretofore delivered by Gebauer, shall not be delayed or deferred by
         any of the events referred to above.

18. MISCELLANEOUS

         18.1     WAIVER. No waiver of any of the terms of this Agreement shall
                  be effective unless made in writing and signed by an
                  authorized representative of the party waiving its rights
                  hereunder.

         18.2     NO LICENSE. No license to any trademark, patent, copyright or
                  other property right of Gebauer is granted under this
                  Agreement except to the extent required for VisiJet to market
                  and sell the Products in accordance with the terms of this
                  Agreement.

         18.3     GOVERNING LAW. This Agreement shall be construed and enforced
                  pursuant to the laws of the Federal State of
                  Baden-Wuerttemberg in Germany, disregarding any conflicts of
                  laws provisions.

         18.4     INDEPENDENT CONTRACTORS. Nothing in this Agreement is intended
                  or shall be deemed to constitute a partnership, agency, or
                  joint venture relationship between the parties. All activities
                  by the parties hereunder shall be performed by them as
                  independent contractors. Neither party shall incur any debts
                  or make any commitments for the other party, except to the
                  extent specifically provided herein.

                                       17
<PAGE>

         18.5     ASSIGNMENT. This Agreement shall be binding upon and inure to
                  the benefit of the parties, and permitted assigns. Neither
                  party may assign this Agreement without the prior written
                  consent of the non-assigning party, which consent shall not
                  unreasonably be withheld. In case of a proposed change of
                  control of VisiJet, and in consideration for Gebauer's consent
                  and for the consequences to Gebauer of such a change of
                  control, VisiJet will provide no less than thirty (30) days
                  notice to Gebauer of such proposed change of control event and
                  Gebauer shall have the right to require that VisiJet either
                  issue seven hundred fifty thousand (750,000) shares of VisiJet
                  at the cost of U.S.$0.01 per share to Gebauer, or pay via wire
                  transfer One Million Euro (1,000,000 (euro)) to Gebauer's bank
                  account immediately before such a change of control becomes
                  effective. As used in this section, the term "change in
                  control" means: (i) any merger, acquisition, sale of voting
                  stock, or other transaction or series of related transactions
                  (the "Transaction") in which the shareholders of VisiJet
                  immediately before the Transaction (the "Original
                  Shareholders") do not collectively own a majority of the
                  outstanding shares of voting stock of the surviving
                  corporation immediately following the Transaction, or (ii) a
                  sale of all or substantially of the assets of VisiJet to a
                  person not an affiliate of VisiJet before such sale. For
                  purposes of determining whether a change in control has
                  occurred, any person that acquired shares of voting stock of
                  the surviving corporation in the Transaction, or whose
                  percentage ownership of such voting shares increased in the
                  Transaction, shall not be treated as an Original Shareholder.

         18.6     ARBITRATION. In the event that the parties are unable to
                  resolve any dispute arising under this Agreement through
                  direct negotiations, the parties agree and consent to the
                  resolution of such dispute by binding arbitration. Any such
                  arbitration shall be conducted in accordance with the
                  procedures of the International Chamber of Commerce, or as
                  otherwise agreed by the parties, and shall be held in Federal
                  State of Baden-Wuerttemberg in Germany, before a single
                  arbitrator selected by the mutual agreement of the parties (or
                  by the International Chamber of Commerce, if the parties are
                  unable to agree upon an arbitrator). Notwithstanding the
                  foregoing, either party shall have the right to seek
                  injunctive relief in a court of competent jurisdiction to
                  prevent any breach of Sections 2.4, 7 and 15 of this Agreement
                  by the other party.

         18.7     NOTICES. All notices hereunder shall be in writing and shall
                  be considered delivered on the day of hand delivery, one day
                  after delivery to a nationally recognized overnight delivery
                  service, charges prepaid, or three days-after being sent by
                  registered or certified mail, postage prepaid:

                  If to VisiJet, as follows:
                  VisiJet, Inc.,
                  192 Technology Drive
                  Suite Q
                  Irvine, CA 92618

                  If to Gebauer, as follows
                  (i)   Gebauer Medizintechnik GmbH

                  Monbachstr. 7/1
                  75242 Neuhausen, Germany
                  Attn:  Mr. Steffen Gebauer

                                       18
<PAGE>

                  Or to such other address as any party shall have specified by
                  notice to the other in accordance with this paragraph.

         18.8     COMPLIANCE WITH LAW. Each party shall comply with all legal
                  and regulatory requirements applicable to the conduct of its
                  business, including but not limited to, compliance with all
                  safety, health, environmental and employment laws applicable
                  to the activities to be undertaken by such party pursuant to
                  this Agreement.

         18.9     ENTIRE AGREEMENT, MODIFICATION, COUNTER PARTS. The terms of
                  this Agreement represent the entire agreement of the parties
                  with respect to the subject matter herein and shall not be
                  modified or supplemented except in a written document duly
                  executed by the parties expressly stating that it is intended
                  to modify, supplement or amend this Agreement. This Agreement
                  shall prevail in the event of any inconsistencies between it
                  and the terms of any purchase order, invoice or other form
                  utilized by the parties. This Agreement may be executed in one
                  or more counterparts, each of which shall be deemed an
                  original, but all of which together shall be deemed one and
                  the same instrument.

         18.10    CLOSING. The closing of the transactions contemplated by this
                  Agreement shall take place at the offices of Kirkpatrick &
                  Lockhart LLP ("K&L") located at 10100 Santa Monica Boulevard,
                  Seventh Floor, Los Angeles, CA 90067 on April __, 2004, or any
                  other date or place agreed to by the parties; PROVIDED that
                  for the purpose of defining the "Effective Date" and otherwise
                  making this Agreement legally binding, a closing shall be
                  deemed to have taken place ONLY IF each of the following
                  conditions are met: (a) VisiJet shall have delivered to K&L
                  (i) a cashier's check made out to K&L, or by wire transfer to
                  the account of K&L, in the amount of One Million EUROs
                  ((euro)1,000,000.00), (ii) a stock certificate evidencing the
                  transfer of Seven Hundred Fifty Thousand shares of VisiJet
                  Common Stock to Gebauer, and (iii) two (2) original signed
                  signature pages to this Agreement; and (b) K&L, on behalf of
                  Gebauer, shall have delivered to VisiJet two (2) original
                  signed signature pages to this Agreement.

         18.11    SEVERABILITY. Any term or provision of this Agreement that is
                  invalid or unenforceable in any situation in any jurisdiction
                  shall not affect the validity or enforceability of the
                  remaining terms or provisions hereof or the validity or
                  enforceability of the offending term or provision in any other
                  situation or in any other jurisdiction.

            [THE REMAINDER OF THIS PAGE IS INTENTIONALLY LEFT BLANK.]

                                       19
<PAGE>

                  IN WITNESS WHEREOF, the parties hereby execute this Agreement
         as of the Effective Date.

         GEBAUER MEDIZINTECHNIK GMBH

         By___________________________________        Date _____________________
            Steffen Gebauer, Managing Director

         VISIJET, INC.,

         By___________________________________        Date______________________
            Randal A. Bailey, CEO

                                       20
<PAGE>

                                   SCHEDULE A

                                  PRODUCT LIST

- EPITOME SYSTEM, INCLUDING:
         CONSOLE
         HANDPIECE
         FOOTSWITCH X 2
         EPI-HEAD X 2
         RINGS X 4
         METAL BANDS X 4
         VACUUM HANDLES X 2
         STERIBOXES X 2

- LASITOME SYSTEM, INCLUDING:
         CONSOLE
         HANDPIECE
         FOOTSWITCH X 2
         LASIK-HEAD X 2
         RINGS X 4
         METAL BANDS X 4
         VACUUM HANDLES X 2
         STERIBOXES X 2

- PARTS, DISPOSABLES AND ACCESSORIES WHICH BELONG TO THE EPITOME AND LASITOME
SYSTEMS, AS FOLLOWS:

         LASIK-HEAD
         EPI-HEAD
         SUCTION RING
         METAL BAND
         VACUUM HANDLE
         STERIBOX
         HANDPIECE
         CONSOLE
         FOOTSWITCH
         EPI-BLADE
         LASIK BLADE

                                       21
<PAGE>

                                   SCHEDULE B

                                   PRICE LIST

EpiTome/LasiTome System                 [****]

LASIK-Head                              [****]

Epi-Head                                [****]

Suction Ring                            [****]

Metal Band                              [****]

Vacuum Handle                           [****]

Steribox                                [****]

Sterilizable Cover
     For Handpiece                      [****]

Handpiece                               [****]

Console                                 [****]

Footswitch                              [****]

Epi-Blade                               [****]

LASIK-Blade                             [****]

EpiTome/LasiTome Demo System
Prices for each of the [****] Demo Systems
to be purchased by VisiJet
according to Sections 3.3 and 4 of the Agreement:                 [****]

                                       22
<PAGE>

                                   SCHEDULE C

                            MINIMUM ORDER QUANTITIES

                                             PER  MONTH             PER YEAR
                                           -----------------------------------
Epi-Tome Systems
          OR                                   [****]                [****]
Lasi-Tome Systems

LASIK-Head
          OR                                   [****]                [****]
Epi-Head

Epi-Blades                                     [****]                [****]

LASIK Blades                                   [****]                [****]

                                       23
<PAGE>

                                  SCHEDULE 2.1

Gebauer has entered into distribution agreements with the following entities for
the territories indicated:

For the territory of Romania:
Optimed slr
Str. Lunga nr. 5
RO-2200 Brasov
ROMANIA

For the territory of South Korea:
Vision Technology
5F Manbok Bldg.
77-21 Samsung-dong, Kangnam-ku
Seoul
KOREA

Gebauer and VisiJet will use commercially reasonable efforts to cause these
distributors to become sub-distributors of VisiJet upon, or as soon as
practicable after, the Effective Date.

                                       24

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