Document:

EXHIBIT 10.1

                     Contract Between (MTC) and (ITC) -2007

                                    AGREEMENT

This AGREEMENT (this "Agreement") is effective this 25th day of June, 2007,
between the Infotonics Technology Center Inc., (ITC) a New York not-for-profit
Corporation and the Mediscience Technology Corporation and/or its New York
state, wholly-owned subsidiary BioScopix, Inc (MTC).

RECITALS:

A. (ITC) was organized to, inter alia, lessen the burdens of government by
conducting and sponsoring scientific research for the development of new
businesses and the development of jobs in the field of photonics and
microsystems in New York State;

B. (ITC) has been retained by the Mediscience Technology Corporation to develop
and commercialize medical diagnostic systems using tissue autofluorescence to
detect disease states;

C. (ITC) has access to medical diagnostic system designs based upon tissue
autofluorescence that were developed by third parties under contract to the
Mediscience Technology Corporation;

D. (ITC) desires to extend and improve upon said medical diagnostic system
designs with the expectation that such extensions and improvements will include
advances in optical, mechanical, electrical, software, and diagnostic aspects of
the medical diagnostic system; and

E. (MTC) desires the support of (ITC) in designing, prototyping, testing,
further development of, and supporting the commercialization of medical
diagnostic systems using tissue autofluorescence to detect disease states.

F. In the context of this agreement, the following definitions are used;
         1)       Development: the scope of work defined in the statement of
                  work in this contract.
         2)       Development IP: the intellectual property that results from
                  the Development services;
         3)       Background IP: the intellectual property, belonging to either
                  party to this agreement, developed prior to this agreement,
                  necessary for the successful completion of the Development
                  services;

NOW, THEREFORE, in consideration of the premises and mutual covenants herein
contained, the parties agree to the following:

1. Development Services. (ITC) will perform development and commercialization
   --------------------
support for (MTC) as described in and pursuant to the terms of the Statement of
Work attached hereto as Exhibit A (the "Development").

2. Fee. As consideration for (ITC) exerting its good faith efforts to carry out
   ---
the Development,(MTC) will pay (ITC) an amount not to exceed $2,000,000 for
services rendered in calendar year 2007. (ITC) will make a best efforts attempt
to secure grant awards that will be included in this $2,000,000 as appropriate.
(ITC) will invoice (MTC) according to the milestone

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                     Contract Between (MTC) and (ITC) -2007

schedule set forth in Exhibit B, upon completion of seminal milestones. Payments
shall be made by (MTC) within 30 days of receipt of invoice from (ITC), so long
as the seminal milestones have been successfully completed as agreed to by both
(MTC) and (ITC). As possible, (ITC) will invoice on a 2-week cycle as agreed-to
milestones are completed.

3.       Period of Performance
         ---------------------
Development under this Agreement will be performed commencing upon the Effective
Date and will terminate upon completion of the 2007 Development plan, December
31, 2007, unless sooner terminated as provided in Article 17.

4.       Technical Representatives
         -------------------------
(ITC)'s Technical Representative shall be Laura Weller-Brophy or such other
representative as (ITC) may subsequently designate in writing. (MTC)
representative shall be Peter Katevatis, or such other representative as (MTC)
may subsequently designate by board action in writing.

5.       Consultation with (ITC)' Representatives
         ----------------------------------------
During the period of this Agreement, (MTC)'s Representative may have reasonable
access to consult informally with (ITC)'s Technical Representative regarding the
Development both personally and by telephone. Access to work carried on at (ITC)
in the course of the Development shall be entirely under the control of (ITC)'s'
personnel; (MTC)'s representatives shall be permitted to visit the laboratories
at (ITC) as mutually agreed during usual hours of operation.

6.       Technical Reports
         -----------------
The (ITC) Technical Representative shall submit written reports with their
invoices on a 2-week cycle. Oral reports will be supplied from (ITC) as
necessary, to (MTC)'s Representative. Said Technical Representatives may also
make other reporting arrangements as mutually agreed to from time to time.
Within thirty (30) days after the expiration of this Agreement, the (ITC)
Technical Representative shall submit a comprehensive final report to
(MTC).describing all the work performed and the results achieved.

7.       Publicity; Confidential Information
         -----------------------------------

         7.1.     Except as set forth below, neither (ITC) nor (MTC) will issue
                  any press release or make any other public announcement
                  concerning this Agreement and the transactions contemplated
                  hereby without the prior written consent of the other party,
                  unless such press release or announcement is required by law.
                  Such press releases or announcements as required by law
                  include those required by the SEC as submitted in full
                  compliance with sections 8-K 1.01 and 2.01 re; "materiality, `
                  as applicable and in fulfillment of SEC Section 6, 6.01
                  Regulation (FD) Full Disclosure, Sections 7, and 7.0, and all
                  applicable and presently effective Sarbanes-Oxley disclosure
                  requirements under Regulation G. The form and content of any
                  such press release or announcement will be approved, in
                  writing, by both parties, provided such approval shall not be
                  unreasonably withheld, delayed or conditioned by either party.
         7.2.     If a Party ("discloser") discloses its technology or other
                  information to the other Party ("receiver") and identifies the
                  technology and such information as proprietary and/or
                  confidential by use of an appropriate stamp, legend or other
                  marking or notice ("Confidential Information"), the receiver
                  agrees that the rights and

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                     Contract Between (MTC) and (ITC) -2007

                  obligations of the Parties with respect to the Confidential
                  Information shall be governed by the terms and conditions of
                  the Master Confidentiality and Mutual Disclosure Agreement
                  between the Parties dated February 9, 2007. It is agreed by
                  the Parties that the disclosure of Confidential Information
                  shall be solely for the purposes of this Agreement and shall
                  not be construed as a grant of any right or license with
                  respect thereto except as set forth otherwise herein or in a
                  duly executed license agreement.

8.       Intellectual Property
         ---------------------
         8.1.     Inventorship of inventions conceived during the course of
                  ------------
                  performing research under the Project will be determined in
                  accordance with U.S. Patent laws and ownership would follow
                  inventorship.
         8.2.     Prior Patents. The parties hereto agree that neither party
                  -------------
                  shall have rights in any invention made by the other before
                  the date of this Agreement, except for those rights provided
                  by law or under specific agreement. No party obtains any
                  rights under this Agreement to background patents held by the
                  other party or to related inventions or discoveries which are
                  not conceived or made in the performance of the Development
                  ("Background IP"). Each Party represents that, prior to the
                  initiation of the Development, it has made a good-faith effort
                  to identify to the other Party the existence of any Background
                  IP possessed by the first Party that is necessary for and
                  essential to the implementation, use or commercialization of
                  the results of the Development, and that it shall promptly
                  identify to the other Party the existence of any such
                  necessary Background IP possessed by the first Party which may
                  subsequently come to its attention. To the extent it is able
                  to do so, each Party will negotiate with the other Party to
                  provide the other Party with rights, under reasonable terms
                  and conditions to be negotiated, to use Background IP where
                  necessary to allow the practice or commercialization of rights
                  acquired by such Party in the Development IP.
         8.3.     Reporting. The parties shall promptly report, within thirty
                  ---------
                  (30) days, to each other any Subject Invention made.
         8.4.     The parties hereto agree that all rights, title and interest
                  to any idea, design, concept, technique, invention, discovery
                  or improvement, whether or not patentable, conceived and/or
                  reduced to practice hereunder, including but not limited to,
                  patent applications and resulting issued patents, including
                  but not limited to any continuations, continuations-in-part
                  (to the extent the claims are specifically directed to the
                  subject matter in the patent or patent application to which it
                  claims priority), divisionals, reissues, reexaminations, and
                  renewal patents, all foreign counterparts thereof, and any
                  registered and unregistered copyrights and mask works that are
                  created or discovered in the performance of the Development
                  and commercialization agreement (collectively "Development
                  IP") developed either solely by employees, consultants, or
                  agents of (ITC) or jointly with (MTC), its employees,
                  consultants or agents, shall belong to (MTC), with a
                  non-exclusive, royalty-free, irrevocable license to (ITC) in
                  other fields of use, subject to the following:
                  8.4.1.   (ITC) Employee Inventions Not Pertaining to Medical
                           ---------------------------------------------------
                           and Veterinary Device Designs, Methods, and Use. The
                           -----------------------------------------------
                           parties agree that (ITC) shall have the initial
                           option to retain title to any Subject Invention made
                           solely by (ITC) employees, wherein said Subject
                           Inventions do not pertain to medical and veterinary
                           diagnostic product designs, methods, and uses. (ITC)
                           shall promptly notify

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                     Contract Between (MTC) and (ITC) -2007

                           (MTC) upon making this election and in the event that
                           (ITC) retains title to said Subject Invention, (ITC)
                           agrees to timely file patent applications on such
                           Subject Inventions at its own expense and agrees to
                           grant to (MTC) a non-exclusive, irrevocable paid-up
                           license to practice such Subject Invention throughout
                           the world in an agreed upon field of use.
                  8.4.2.   The party having the right to retain title and file
                           patent applications on a specific Subject Invention
                           must elect to file patent applications thereon and
                           advise the other party within thirty (30) days from
                           the date it reports the Subject Invention to the
                           other party. In the event that the party fails to
                           make such an election and so advises the other party
                           within thirty (30) days from the date it reports the
                           Subject Invention, the other party may elect to file
                           patent applications on such Subject Invention. If the
                           other party elects to file patent applications, the
                           party initially reporting such Subject Invention
                           agrees to assign its rights, title and interest in
                           such Subject Invention to the other party and to
                           cooperate with such other party in the preparation
                           and filing of patent applications thereon. The
                           assignment of the entire right, title and interest to
                           the other party pursuant to this paragraph shall be
                           subject to the retention by the party assigning title
                           of a non-exclusive, irrevocable, paid-up license to
                           practice, or have practiced, the Subject Invention
                           throughout the world. In the event neither of the
                           parties to this Agreement elect to file a patent
                           application on Subject Invention, either or both (if
                           a joint invention) may, at their sole discretion and
                           subject to reasonable conditions, release the right
                           to file to the inventors subject to the retention of
                           a non-exclusive irrevocable, royalty free, paid-up
                           license to be held by (ITC) and (MTC).
                  8.4.3.   The party in charge of patent prosectuion shall be
                           responsible for making decisions regarding scope and
                           content of applications to be filed and prosecuted.
                           In the case of joint inventions, both parties are
                           responsible to provide all necessary and reasonable
                           technical detail to support patent application
                           preparation and prosecution. Further in the case of
                           joint inventions, the party filing the patent
                           application shall keep the other party advised as to
                           all developments with respect to such applications
                           and shall promptly supply copies of all papers
                           received and filed in connection with the prosecution
                           thereof and shall do so in sufficient time for said
                           other party to review, comment and to be fully
                           involved in the patenting process.
         8.5.     Should the patent owner decide at any time to cease necessary
                  payments on patent, copyright or mask works, applications, or
                  maintenance of any patent obtained pursuant to this Section,
                  it shall give the other parties reasonable advance notice and
                  shall offer to the other parties the opportunity to assume
                  responsibility for all of such expenses. If the other party
                  chooses to assume responsibility for such expenses, the owner
                  shall assign to the party assuming the expenses all rights to
                  the applicable Development IP, including, but not limited to,
                  the right to sue for past infringement.

9.       Right of First Refusal.
         ----------------------
During the term of this Agreement, (MTC) agrees to make all reasonable efforts
to utilize (ITC) for technology, development, scale-up and for future
manufacturing of medical and veterinary diagnostic systems using tissue
autofluorescence to detect disease and/or health state. Accordingly, (MTC) will
engage (ITC) to produce products or services embodying the Technology at (ITC)
fabrication facility at commercially reasonable rates and hereby grants to

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                     Contract Between (MTC) and (ITC) -2007

(ITC) a right of first refusal (based on price, quantity, quality, delivery
dates, and related specification or production terms) to produce any such
service or product.

10.      Independent Contractors
         -----------------------
(ITC) and (MTC) shall be deemed independent contractors with respect to this
Agreement and nothing herein contained shall be construed as creating a joint
venture between them or as empowering either party to act as the agent of the
other party.

11.      Indemnification
         ---------------
(MTC) shall indemnify, defend, and hold harmless (ITC) and its present and
former officers, directors, trustees, employees, and agents, from any damages,
from any claim, loss, cost, expense, or liability of any kind, including
reasonable attorney's fees (whether incurred as the result of a third party
claim or a claim to enforce this provision), arising out of or connected with
this Agreement or the Development, including, without limitation, product
liability claims relating to commercialization of the Development. It shall be a
condition of the indemnification obligation that (ITC) promptly notify (MTC) of
any such claim and cooperate with (MTC) and its insurance carrier in the defense
of the claim. (MTC) shall consult with (ITC) for its approval (which approval
shall not be unreasonably withheld) regarding the defense of such claim and
shall submit any proposed settlement to (ITC) in advance of its approval
whenever (ITC)' interests are materially and adversely affected.

12.      Warranties; Limitation of Liability
         -----------------------------------
(ITC) MAKES NO WARRANTIES, EXPRESS OR IMPLIED, AS TO ANY MATTER WHATSOEVER,
INCLUDING, WITHOUT LIMITATION, THE CONDITION, ORIGINALITY, OR ACCURACY OF THE
DEVELOPMENT OR ANY DEVELOPMENT IP OR PRODUCT(S) BASED THEREON, WHETHER TANGIBLE
OR INTANGIBLE, CONCEIVED, DISCOVERED, OR DEVELOPED UNDER THIS AGREEMENT; OR THE
OWNERSHIP, MERCHANTABILITY, OR FITNESS FOR A PARTICULAR PURPOSE OF THE
DEVELOPMENT OR ANY SUCH DEVELOPMENT IP OR PRODUCT. (ITC) SHALL NOT BE LIABLE FOR
ANY DIRECT, INDIRECT, CONSEQUENTIAL, OR OTHER DAMAGES SUFFERED BY (MTC), ANY
LICENSEE, OR ANY OTHERS RESULTING FROM THE USE OF THE DEVELOPMENT OR ANY SUCH
DEVELOPMENT IP OR PRODUCT(S). (ITC)'s MAXIMUM LIABILITY TO (MTC) FOR ANY CAUSE
OF ACTION OR OTHER CLAIM DIRECTLY OR INDIRECTLY ARISING OUT OF THIS AGREEMENT OR
THE DEVELOPMENT IS LIMITED TO THE CASH PAYMENTS MADE TO (ITC) IN THE COURSE OF
FULFILLMENT OF THE SEMINAL DEVELOPMENT MILESTONES.

13.      Notices
         -------
Any notice or report required or permitted to be given under this Agreement
shall be deemed to have been sufficiently given for all purposes if mailed by
first class certified or registered mail to the following addresses of either
Party:

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                     Contract Between (MTC) and (ITC) -2007

         Infotonics Technology Center Inc.   Mediscience Technology Corporation.
         5450 Campus Drive                   1235 Folkstone Way
         Canandaigua, NY  14424              Cherry Hill, NJ   08034
         Attention: David R. Smith           Attention: Peter Katevatis

         Phone (585) 919-3000                Phone  (215) 485-0362
         Fax (585) 919-3011                  Fax  (215) 763-2908
         E-mail david.r.smith@(ITC).org      E-mail metpk@aol.com

         With copy to:                       With a copy to:
         J. Montieth Estes, Legal Counsel
         Jaeckle Fleischmann & Mugel, LLP
         190 Linden Oaks
         Rochester, NY 14625-2812
         E-mail mestes@jaeckle.com

         or to such other addresses as shall hereafter have been furnished by
         written notice to the other Party.

14.      Export Controls
         ---------------
It is understood that (MTC) and (ITC) are subject to United States laws and
regulations controlling the export of technical data, computer software,
laboratory prototypes, and other commodities, and that their obligations
hereunder are contingent on compliance with applicable U.S. export laws and
regulations (including the Arms Export Control Act as amended, and the Export
Administration Act of 1979). The transfer of certain technical data and
commodities may require a license from the cognizant agency of the United States
Government and/or written assurances by (ITC) that (ITC) will not re-export data
or commodities to certain foreign countries without prior approval of the
cognizant government agency. While (MTC) shall cooperate in securing any license
which such agency deems necessary in connection with this Agreement, (MTC)
cannot guarantee that such licenses will be granted.

15.      Force Majeure
         -------------
(ITC) shall not be responsible to (MTC) for failure to perform any of the
obligations imposed by this Agreement, provided such failure shall be occasioned
in whole or in part by fire, flood, explosion, lightning, windstorm, earthquake,
subsidence of soil, failure or destruction of machinery or equipment, or failure
of supply of materials, discontinuity in the supply of power, governmental
interference, civil commotion, riot, war, strike, labor disturbance,
transportation difficulty, labor shortage, or any cause beyond the reasonable
control of (ITC).

16.      Termination
         -----------
         16.1.    Except as otherwise provided in Section 18 hereof, this
                  Agreement shall expire on completion of the Development,
                  December 31, 2007, unless extended or sooner terminated in
                  accordance with the provisions of this Section.

         16.2.    If either Party fails to meet any of its obligations under
                  this Agreement and fails to remedy the failures within thirty
                  (30) days after receipt of written notice thereof, the other
                  Party shall have the option of terminating this Agreement upon
                  written notice thereof, and such right to terminate shall be
                  such Party's sole remedy at law or in equity.

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                     Contract Between (MTC) and (ITC) -2007

         16.3.    Upon termination by one Party under Section 16.2 above,
                  licenses to the Development IP and Background IP previously
                  provided by the involuntarily terminated Party to other Party
                  shall continue in effect.

17.      Survivorship
         ------------

The provisions of Articles 7, 8, 10, 11, 12, 14, 15, 16.3, 18(E) and 18(F) shall
survive any expiration or termination of this Agreement.

18.      Miscellaneous
         -------------
A.       Paragraph Headings
         ------------------
The section headings are provided for convenience and are not to be used in
construing this Agreement.

B. Entire Agreement. This Agreement and the Exhibits hereto contain the entire
   ----------------
agreement between the parties, superseding in all respects any and all prior
oral or written agreements or understandings, pertaining to the subject matter
hereof and transactions contemplated hereby, and can be amended or modified only
by a written instrument signed by the parties.

C. Waiver. No waiver by either party of any condition, breach, covenant,
   ------
representation, or warranty contained in this Agreement, whether by conduct or
otherwise, in any one or more instances shall be deemed to be or construed as a
further and continuing waiver of any such condition, breach, covenant,
representation, or warranty.

D. Binding Effect; Assignment. This Agreement shall be binding upon and shall
   --------------------------
inure to the benefit of and be enforceable by the parties and their respective
successors and permitted assigns. This Agreement shall not be assigned by either
party without the written consent of the other, which consent shall not be
unreasonably withheld.

E. Submission to Jurisdiction. Each party hereby irrevocably submits to the
   --------------------------
exclusive personal jurisdiction of any New York State or federal court in
Rochester, New York, in any action or proceeding arising out of or relating to
this Agreement. All claims in respect of such action or proceeding shall be
heard and determined exclusively in such New York State or federal court. Each
party irrevocably waives, to the fullest extent it may effectively do so, the
defense of an inconvenient forum to the maintenance of such action or
proceeding.

F. Governing Law. This Agreement and the legal relations between the parties
   -------------
shall be governed by and construed in accordance with the laws of the State of
New York without regard to its conflict of laws principles.

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                     Contract Between (MTC) and (ITC) -2007

IN WITNESS WHEREOF, the Parties have each caused this Agreement to be signed by
its duly authorized officers, all as of the day and year first above written.

MEDISCIENCE TECHNOLOGY CORP.                   INFOTONICS TECHNOLOGY CENTER INC.

By:                                            By:
   -----------------------------                  -----------------------------

Name: Peter Katevatis                          Name:  David R. Smith
      ---------------                                 --------------

Title:  President                              Title:  President
        ---------                                      ---------

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                     Contract Between (MTC) and (ITC) -2007

                                    Exhibit A
                                    ---------

                                STATEMENT OF WORK

Background: This statement of work outlines the tasks and schedule required to
deliver an autofluorescence diagnostic system for in vivo detection of
malignant, nonmalignant, and benign tissue states. The work to be done by
Infotonics is reportable to the Mediscience Technology Corporation, and to its
wholly-owned subsidiary, BioScopix, Inc. The scope of work includes the
development of the BioScopix company, located on the Infotonics Technology
Center site.

The (ITC) support comprises development leadership, IP assessment, coordination
of external contractors, coordination with the Chief Medical Consultant to
BioScopix, product map creation, product line rationalization with common
sub-systems envisioned for shared costs across product lines, and development of
grant proposals as appropriate to support some aspects of R&D associated with
one or more of the autofluorescence-based products in the product map.

The Statement of Work can be modified only in writing, with both (MTC) and (ITC)
approvals indicated by signature or initialing of revisions.

                                    Exhibit B
                                    ---------

                               SEMINAL MILESTONES

NOTE: the seminal milestones noted here represent the entire development effort
beyond that funded via this contract. Additional monies beyond those noted in
this contract will be provided by (MTC) to the contractors and other
professionals who will support the development work

1.       February 16, 2007: Autofluorescence tech assessment, competitive
         positioning, potential product line roadmap. A literature review to be
         conducted to assess (MTC) IP position with respect to the CD-R,
         competitive positioning relative to other companies with cervical
         cancer diagnostic fluorescent imaging systems, development of a
         preliminary product map, identification of potential key resources in
         Rochester area with CDAs in place.
2.       February 28, 2007: Critical communications with potential investor
         groups. Development of key investor documents and presentations. Travel
         to make presentations to key investor groups within the Empire
         Financial Group. Rochester-area presentations to local support groups
         to provide information on BioScopix product map and critical areas of
         product differentiation, as well as potential economic impact on
         Rochester area if successful.
3.       March 16, 2007: Fluorescence excitation and imaging feasibility.
         Initial calculations of light levels due to 340nm and 440nm
         autofluorescence of biological tissue due to a controlled exposure at
         300nm. Preliminary paper assessment of adequate light levels to form
         images using commercially available imaging sensors and optics.
         Determination of most appropriate imaging sensors and components for an
         imaging CD-Ratiometer. Identification of required resources in the
         Rochester area. CDAs in place with key resources, initial
         organizational meetings concluded. Plan developed for first breadboard
         module to test light levels..

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                     Contract Between (MTC) and (ITC) -2007

4.       June 30, 2007: Breadboard 1 build, test, and trial. Build an imaging
         sensor breadboard with commercially available image sensor, control
         electronics, and imaging optics. Trial the breadboarded sensor with
         consultant firms to confirm adequate light levels and dynamic range. If
         light levels are appropriate, continue with imaging design for a second
         breadboarded imaging sensor using optimized components. If light levels
         are inadequate, focus on non-imaging sensor while assessing additional
         options for more sensitive imaging components and designs.
5.       July 16, 2007: Updated IDE for FDA trial, identification of medical
         facilities interested to participate in the trial, leadership in place
         for FDA trial. Edit the IDE documents to include most likely CDR system
         design, medical protocol, and proposed facilities to be included in the
         pilot. In collaboration with Dr. F. Naftolin, NYU.
6.       July 30, 2007: CDR sensor design, CDR system design, component
         specifications. Using data from breadboard 1, deliver updated CDR
         sensor head design including all optical, electronic, and mechanical
         components. Upgrade CDR system design including all optical,
         electronic, and mechanical components. Deliver designs, component
         specifications, blue prints, and cost estimates.
7.       July 30, 2007: Resubmission of IDE to FDA for approval of protocol
         upgrades, CDR system design details. Submit the updated IDE documents
         to the FDA for review and approval, incorporating responses to FDA
         concerns raised during initial document approval in 2006. Fully specify
         all protocol details, system designs, participating facilities, etc as
         required to launch the trials by 4Q07.
8.       TBD: Build of first CDR prototype with testing and design mods as
         needed.
9.       September 3, 2007: Establishment of ITC team for CPE development
10.      TBD: Build of next 3 CDR prototypes with testing
11.      TBD: Shipment of prototype CDRs to FDA trial sites and initiation of
         FDA trial.
12.      October 19, 2007: CPE preliminary engineering assessment of competitive
         assembly methods and determination of preferred assembly technologies.

(ITC)/(MTC)
                                 Page 10 of 10Exhibit 10.11

                              AMENDED AND RESTATED
                  ENFIELD FEDERAL SAVINGS AND LOAN ASSOCIATION
                           CHANGE IN CONTROL AGREEMENT

         This AGREEMENT  originally entered into on May 10, 2004, and amended on
January 17,  2006,  is hereby  amended and restated in its  entirety,  effective
February 12, 2007 (the  "Agreement")  by and between Enfield Federal Savings and
Loan  Association  (the   "Association"),   a  federally   chartered   financial
institution,  with  its  principal  offices  at  855  Enfield  Street,  Enfield,
Connecticut  06083, John Parda  ("Executive") and New England  Bancshares,  Inc.
(the  "Company"),  a  Maryland  corporation  and  the  holding  company  of  the
Association, as guarantor.

         WHEREAS, the Association  recognizes the importance of Executive to the
Association's operations and wishes to protect his position with the Association
in the event of a change in control of the  Association  or the  Company for the
period provided for in this Agreement; and

         WHEREAS, Executive and the Board of Directors of the Association desire
to enter into an agreement  setting  forth the terms and  conditions of payments
due to Executive in the event of a change in control and the related  rights and
obligations of each of the parties.

         NOW,  THEREFORE,  in consideration of the promises and mutual covenants
herein contained, it is hereby agreed as follows:

1.       Term of Agreement.

         (a)  The  term  of  this  Agreement  shall  be (i)  the  initial  term,
consisting of the period  commencing on February 12, 2007 (the "Effective Date")
and ending on the second  anniversary of the Effective  Date,  plus (ii) any and
all extensions of the initial term made pursuant to this Section 1.

         (b)  Commencing  on the first  anniversary  of the  Effective  Date and
continuing  each  anniversary  date  thereafter,  the Board of  Directors of the
Association (the "Board of Directors") may extend the term of this Agreement for
an additional  one (1) year period beyond the then  effective  expiration  date,
provided that  Executive  shall not have given at least sixty (60) days' written
notice of his desire that the term not be extended.

         (c)  Notwithstanding  anything in this  Section to the  contrary,  this
Agreement shall terminate if Executive or the Association terminates Executive's
employment prior to a Change in Control.

2.       Change in Control.

         (a) Upon the  occurrence of a Change in Control of the  Association  or
the  Company  followed  at any time  during  the term of this  Agreement  by the
termination  of  Executive's

<page>

employment in accordance with the terms of this  Agreement,  other than for Just
Cause, as defined in Section 2(c) of this Agreement, the provisions of Section 3
of this  Agreement  shall  apply.  Upon the  occurrence  of a Change in Control,
Executive shall have the right to elect to voluntarily  terminate his employment
at any time during the term of this  Agreement  following an event  constituting
"Good Reason."

         "Good Reason" means, unless Executive has consented in writing thereto,
the occurrence following a Change in Control, of any of the following:

         (i)      the   assignment   to  Executive  of  any  duties   materially
                  inconsistent with Executive's position, including any material
                  change in status, title, authority, duties or responsibilities
                  or any other action that results in a material  diminution  in
                  such status,  title,  authority,  duties or  responsibilities,
                  excluding  for this  purpose an  isolated,  insubstantial  and
                  inadvertent action not taken in bad faith and that is remedied
                  by the Association or Executive's employer reasonably promptly
                  after receipt of notice thereof given by the Executive;

         (ii)     a reduction by the Association or Executive's  employer of the
                  Executive's  base  salary in effect  immediately  prior to the
                  Change in Control;

         (iii)    the  relocation of the  Executive's  office to a location more
                  than fifty (50) miles from its location as of the date of this
                  Agreement;

         (iv)     the  taking  of any  action by the  Association  or any of its
                  affiliates  or  successors  that  would  materially  adversely
                  affect  the  Executive's  overall  compensation  and  benefits
                  package,  unless such changes to the compensation and benefits
                  package  are  made  on  a  non-discriminatory   basis  to  all
                  employees; or

         (v)      the  failure  of  the  Association  or  the  affiliate  of the
                  Association by which  Executive is employed,  or any affiliate
                  that directly or indirectly  owns or controls any affiliate by
                  which  Executive  is  employed,  to obtain the  assumption  in
                  writing  of  the  Association's  obligation  to  perform  this
                  Agreement by any successor to all or substantially  all of the
                  assets of the Association or such affiliate within thirty (30)
                  days after a reorganization,  merger,  consolidation,  sale or
                  other  disposition  of  assets  of  the  Association  or  such
                  affiliate.

         (b) For  purposes of this  Agreement,  a "Change in  Control"  shall be
deemed to occur on the earliest of:

                                       2
<page>

         (i)      Merger:   The  Company  or  the  Association  merges  into  or
                  ------
                  consolidates  with  another  corporation,  or  merges  another
                  corporation  into the  Company  or the  Association,  and as a
                  result less than a majority of the  combined  voting  power of
                  the  resulting  corporation  immediately  after the  merger or
                  consolidation is held by persons who were  stockholders of the
                  Company immediately before the merger or consolidation.

         (ii)     Acquisition of Significant Share Ownership:  There is filed or
                  ------------------------------------------
                  required to be filed a report on Schedule  13D or another form
                  or schedule  (other than Schedule 13G) required under Sections
                  13(d) or 14(d) of the Securities  Exchange Act of 1934, if the
                  schedule discloses that the filing person or persons acting in
                  concert has or have become the beneficial owner of 25% or more
                  of a class of the Company's voting securities, but this clause
                  (ii) shall not apply to beneficial ownership of Company voting
                  shares held in a fiduciary  capacity by an entity of which the
                  Company directly or indirectly  beneficially  owns 50% or more
                  of its outstanding voting securities.

         (iii)    Change  in  Board  Composition:   During  any  period  of  two
                  ------------------------------
                  consecutive    years,    individuals    who   constitute   the
                  Association's  or the  Company's  Board  of  Directors  at the
                  beginning  of the  two-year  period  cease  for any  reason to
                  constitute  at  least  a  majority  of  the  Company's  or the
                  Association's Board of Directors;  provided, however, that for
                  purposes  of this clause  (iii),  each  director  who is first
                  elected  by the  board (or  first  nominated  by the board for
                  election by the stockholders) by a vote of at least two-thirds
                  (2/3) of the directors who were  directors at the beginning of
                  the  two-year  period  shall be  deemed  to have  also  been a
                  director at the beginning of such period; or

         (iv)     Sale of  Assets:  The  Company or the  Association  sells to a
                  ---------------
                  third party all or substantially all of its assets.

         (c) Executive shall not have the right to receive termination  benefits
pursuant to Section 3 hereof  upon  termination  for Just Cause.  The term "Just
Cause"  shall mean  termination  because  of  Executive's  personal  dishonesty,
incompetence,  willful  misconduct,  any  breach  of  fiduciary  duty  involving
personal profit, intentional failure to perform stated duties, willful violation
of  any  law,  rule,  regulation  (other  than  traffic  violations  or  similar
offenses), final cease and desist order, or any material breach of any provision
of this Agreement.  Notwithstanding the foregoing, Executive shall not be deemed
to have been  terminated  for Just Cause  unless and until there shall have been
delivered to him a copy of a resolution duly adopted by the affirmative  vote of
a majority of the entire  membership  of the Board of  Directors at a meeting of
the Board of Directors called and held for that purpose (after reasonable notice
to Executive and an  opportunity  for him,  together  with counsel,  to be heard
before the Board of  Directors),  finding that in the good faith  opinion of the
Board of Directors,  Executive was guilty of conduct justifying  termination for
Just Cause and specifying the particulars thereof in detail. Executive shall not
have the right to receive  compensation  or other  benefits for any period after
termination

                                       3
<page>

for Just  Cause.  During  the  period  beginning  on the date of the  Notice  of
Termination  for Just Cause  pursuant  to Section 4 hereof  through  the Date of
Termination,  stock  options  granted to  Executive  under any stock option plan
shall  not be  exercisable  nor shall  any  unvested  stock  awards  granted  to
Executive  under any stock benefit plan of the  Association,  the Company or any
subsidiary or affiliate  thereof,  vest. At the Date of Termination,  such stock
options and any such unvested  stock awards shall become null and void and shall
not be exercisable  by or delivered to Executive at any time  subsequent to such
termination for Just Cause.

3.       Termination Benefits.

         (a) If  Executive's  employment  is  voluntarily  (in  accordance  with
Section 2(a) of this Agreement) or involuntarily terminated within two (2) years
of a Change in Control, Executive shall receive:

                  (i)      a lump  sum cash  payment  equal  to 2.99  times  the
                           Executive's  "base  amount,"  within  the  meaning of
                           Section  280G(b)(3)  of the Internal  Revenue Code of
                           1986, as amended (the "Code").  Such payment shall be
                           made  not  later   than   five  (5)  days   following
                           Executive's  termination  of  employment  under  this
                           Section 3.

                  (ii)     Continued  benefit  coverage  under  all  Association
                           health and welfare plans which Executive participated
                           in  as  of  the  date  of  the   Change  in   Control
                           (collectively,  the "Employee  Benefit  Plans") for a
                           period   of   twenty-four   (24)   months   following
                           Executive's termination of employment.  Said coverage
                           shall be provided under the same terms and conditions
                           in effect on the date of  Executive's  termination of
                           employment.   Solely   for   purposes   of   benefits
                           continuation   under  the  Employee   Benefit  Plans,
                           Executive  shall be deemed to be an active  employee.
                           To the  extent  that  benefits  required  under  this
                           Section  3(a) cannot be  provided  under the terms of
                           any Employee  Benefit  Plan,  the  Association  shall
                           enter into alternative arrangements that will provide
                           Executive with comparable benefits.

         (b) Notwithstanding  the preceding  provisions of this Section 3, in no
event  shall the  aggregate  payments  or  benefits  to be made or  afforded  to
Executive  under said  paragraphs  (the  "Termination  Benefits")  constitute an
"excess  parachute  payment"  under  Section  280G of the Code or any  successor
thereto,  and to avoid such a result,  Termination  Benefits will be reduced, if
necessary, to an amount (the "Non-Triggering Amount"), the value of which is one
dollar  ($1.00) less than an amount equal to three (3) times  Executive's  "base
amount," as determined in accordance  with said Section 280G.  The allocation of
the reduction  required hereby among the Termination  Benefits  provided by this
Section 3 shall be determined by Executive.

4.       Notice of Termination.

         (a) Any purported  termination by the Association or by Executive shall
be communicated by Notice of Termination to the other party hereto. For purposes
of this

                                       4
<page>

Agreement,  a "Notice of  Termination"  shall mean a written  notice which shall
indicate the specific  termination  provision in this Agreement  relied upon and
shall set forth in detail the facts and circumstances claimed to provide a basis
for termination of Executive's employment under the provision so indicated.

         (b) "Date of  Termination"  shall mean the date specified in the Notice
of Termination (which, in the case of a termination for Just Cause, shall not be
less than thirty (30) days from the date such Notice of Termination is given).

5.       Source of Payments.

         All payments provided in this Agreement shall be timely paid in cash or
check  from  the  general  funds  of  the  Association.  The  Company,  however,
unconditionally guarantees payment and provision of all amounts and benefits due
hereunder  to  Executive  and,  if  such  amounts  and  benefits  due  from  the
Association are not timely paid or provided by the Association, such amounts and
benefits shall be paid or provided by the Company.

6.       Effect on Prior Agreements and Existing Benefit Plans.

         This Agreement  contains the entire  understanding  between the parties
hereto and supersedes any prior agreement between the Association and Executive,
except that this Agreement  shall not affect or operate to reduce any benefit or
compensation inuring to Executive of a kind elsewhere provided.  No provision of
this  Agreement  shall be  interpreted  to mean that  Executive  is  subject  to
receiving fewer benefits than those  available to him without  reference to this
Agreement.  Nothing in this  Agreement  shall confer upon Executive the right to
continue in the employ of the Association or shall impose on the Association any
obligation to employ or retain Executive in its employ for any period.

7.       No Attachment.

         (a) Except as required by law, no right to receive  payments under this
Agreement  shall be  subject to  anticipation,  commutation,  alienation,  sale,
assignment,  encumbrance,  charge,  pledge,  or  hypothecation  or to execution,
attachment,  levy or similar  process or assignment by operation of law, and any
attempt, voluntary or involuntary, to affect any such action shall be null, void
and of no effect.

         (b) This Agreement  shall be binding upon, and inure to the benefit of,
Executive, the Association and their respective successors and assigns.

8.       Modification and Waiver.

         (a)  This  Agreement  may  not be  modified  or  amended  except  by an
instrument in writing signed by the parties hereto.

         (b) No term or condition of this Agreement shall be deemed to have been
waived, nor shall there be any estoppel against the enforcement of any provision
of this Agreement,  except

                                       5
<page>

by written instrument of the party charged with such waiver or estoppel. No such
written waiver shall be deemed a continuing  waiver unless  specifically  stated
therein,  and each such waiver shall  operate  only as to the  specific  term or
condition waived and shall not constitute a waiver of such term or condition for
the future or as to any act other than that specifically waived.

9.       Severability.

         If, for any reason, any provision of this Agreement, or any part of any
provision, is held invalid, such invalidity shall not affect any other provision
of this  Agreement or any part of such  provision not held so invalid,  and each
such other  provision and part thereof shall to the full extent  consistent with
law continue in full force and effect.

10.      Headings for Reference Only.

         The headings of sections and paragraphs  herein are included solely for
convenience of reference and shall not control the meaning or  interpretation of
any of the provisions of this Agreement.  In addition,  references herein to the
masculine shall apply to both the masculine and the feminine.

11.      Governing Law.

         Except  to  the  extent   preempted  by  federal  law,  the   validity,
interpretation, performance, and enforcement of this Agreement shall be governed
by the  laws of the  State of  Connecticut,  without  regard  to  principles  of
conflicts of law of that State.

12.      Arbitration.

         Any dispute or  controversy  arising under or in  connection  with this
Agreement shall be settled exclusively by arbitration,  conducted before a panel
of three  arbitrators  sitting in a location  selected by Executive within fifty
(50) miles from the location of the Association, in accordance with the rules of
the American Arbitration  Association then in effect. Judgment may be entered on
the arbitrator's award in any court having jurisdiction; provided, however, that
Executive shall be entitled to seek specific performance of his right to be paid
until the Date of Termination  during the pendency of any dispute or controversy
arising under or in connection with this Agreement.

13.      Payment of Legal Fees.

         All reasonable legal fees paid or incurred by Executive pursuant to any
dispute or question of  interpretation  relating to this Agreement shall be paid
or reimbursed by the Association,  only if Executive is successful pursuant to a
legal judgment, arbitration or settlement.

                                       6
<page>

14.      Indemnification.

         The Company or the Association shall provide  Executive  (including his
heirs,  executors and administrators)  with coverage under a standard directors'
and  officers'  liability  insurance  policy at its expense and shall  indemnify
Executive (and his heirs,  executors and  administrators)  to the fullest extent
permitted under  applicable law against all expenses and liabilities  reasonably
incurred  by him in  connection  with  or  arising  out of any  action,  suit or
proceeding  in which he may be  involved by reason of his having been a director
or officer of the Company or the Association  (whether or not he continues to be
a director or officer at the time of incurring  such  expenses or  liabilities),
such  expenses and  liabilities  to include,  but not be limited to,  judgments,
court costs, attorneys' fees and the cost of reasonable settlements.

15.      Successors to the Association and the Company.

         The  Association  and  the  Company  shall  require  any  successor  or
assignee,  whether direct or indirect,  by purchase,  merger,  consolidation  or
otherwise,  to  all  or  substantially  all of the  business  or  assets  of the
Association or the Company, expressly and unconditionally to assume and agree to
perform the Association's and the Company's obligations under this Agreement, in
the same  manner and to the same  extent  that the  Association  and the Company
would be  required  to perform if no such  succession  or  assignment  had taken
place.

16.      Required Regulatory Provisions.

         In the event any of the foregoing  provisions of this Section 16 are in
conflict with the terms of this Agreement, this Section 16 shall prevail.

         (a) The  Association's  board of directors  may  terminate  Executive's
employment  at any time,  but any  termination  by the  Association,  other than
termination  for  Just  Cause,   shall  not  prejudice   Executive's   right  to
compensation  or other benefits under this  Agreement.  Executive shall not have
the  right to  receive  compensation  or other  benefits  for any  period  after
termination for Just Cause.

         (b) If Executive is suspended from office and/or temporarily prohibited
from  participating  in the  conduct  of the  Association's  affairs by a notice
served under Section 8(e)(3) or 8(g)(1) of the Federal Deposit Insurance Act, 12
U.S.C.  ss.1818(e)(3)  or  (g)(1);  the  Association's  obligations  under  this
Agreement  shall  be  suspended  as of the date of  service,  unless  stayed  by
appropriate  proceedings.  If the  charges  in the  notice  are  dismissed,  the
Association  may in its  discretion:  (i)  pay  Executive  all  or  part  of the
compensation  withheld while its contract  obligations were suspended;  and (ii)
reinstate (in whole or in part) any of the obligations which were suspended.

         (c)  If  Executive  is  removed  and/or  permanently   prohibited  from
participating  in the conduct of the  Association's  affairs by an order  issued
under Section 8(e)(4) or 8(g)(1) of the Federal Deposit Insurance Act, 12 U.S.C.
ss.1818(e)(4) or (g)(1), all obligations of the Association under this Agreement
shall terminate as of the effective date of the order,  but vested rights of the
contracting parties shall not be affected.

                                       7
<page>

         (d) If the  Association is in default as defined in Section  3(x)(1) of
the Federal Deposit  Insurance Act, 12 U.S.C.  ss.1813(x)(1)  all obligations of
the Association  under this Agreement shall terminate as of the date of default,
but this  paragraph  shall not  affect  any  vested  rights  of the  contracting
parties.

         (e) All obligations under this Agreement shall be terminated, except to
the extent  determined  that  continuation  of the contract is necessary for the
continued  operation of the Association:  (i) by the Director of the OTS (or his
or her designee),  at the time the Federal Deposit Insurance  Corporation (FDIC)
enters  into  an  agreement  to  provide  assistance  to or  on  behalf  of  the
Association  under the  authority  contained  in  Section  13(c) of the  Federal
Deposit Insurance Act, 12 U.S.C. ss.1823(c);  or (ii) by the Director of the OTS
(or his or her designee) at the time the Director (or his  designee)  approves a
supervisory  merger  to  resolve  problems  related  to  the  operations  of the
Association  or when the  Association  is determined by the Director to be in an
unsafe or unsound condition. Any rights of the parties that have already vested,
however, shall not be affected by such action.

         (f) Any  payments  made to  Executive  pursuant to this  Agreement,  or
otherwise,  are subject to and conditioned  upon their compliance with 12 U.S.C.
ss.1828(k)  and FDIC  regulation  12  C.F.R.  Part  359,  Golden  Parachute  and
Indemnification Payments.

                                       8
<page>

                                   SIGNATURES

        IN WITNESS WHEREOF, Enfield Federal Savings and Loan Association and New
England  Bancshares,  Inc.  have caused this  Agreement to be executed and their
seals to be affixed  hereunto by their duly authorized  officers,  and Executive
has signed this Agreement, on the 13th day of February, 2007.

ATTEST:                             ENFIELD FEDERAL SAVINGS AND LOAN ASSOCIATION

/s/ Nancy L. Grady                  By: /s/ David J. O'Connor
-------------------------------         ----------------------------------------
Nancy L. Grady                          For the Entire Board of Directors
Corporate Secretary

ATTEST:                             NEW ENGLAND BANCSHARES, INC.
                                             (Guarantor)

/s/ Nancy L. Grady                  By: /s/ David J. O'Connor
-------------------------------         ----------------------------------------
Nancy L. Grady                          For the Entire Board of Directors
Corporate Secretary

           [SEAL]

WITNESS:                            EXECUTIVE

/s/ Nancy L. Grady                  /s/ John Parda
-------------------------------     --------------------------------------------
Nancy L. Grady                      John Parda
Corporate Secretary

                                       9

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