Document:

Exhibit 10.1

                          BUSINESS CONSULTING AGREEMENT

         THIS CONSULTING AGREEMENT, made this 28th day of January, 2002 by and
between Michael Ator, whose address is: (54 Westrige Lane, Palm Coast, FL 32164
hereinafter referred to as "Consultant"), and Wasatch Pharmaceutical, Inc., 310
East 4500 South, Suite 450, Murray, UT 84107, a Utah corporation, (hereinafter
referred to as "Company").

                                   WITNESSETH
                                    RECITALS

         WHEREAS, the Company desires to obtain consulting services in the areas
of business relations, public markets and public relations and;.

         WHEREAS,  the Company  desires to obtain the benefit of the services of
the  Consultant  as a  financial  and  business  advisor and  consultant  and in
connection with its business operations;

         WHEREAS, the Consultant desires to render such services to the Company.

         NOW THEREFORE, in consideration of the premises the mutual promises and
covenants as herein contained, the parties have agreed as follows:

1.       SERVICES

         The services to be rendered by  Consultant  shall  consist of financial
and business  consulting to the company which shall include,  but not be limited
to the following:.

         (a) Promoting the interests of the Company and its products; and,

         (b)  Locating   and   assisting   in  the   negotiations   of  business
opportunities  for  mergers,  acquisitions,  joint  ventures  and other  similar
business ventures involving the Company.

         (c)  Locating and  assisting in the  negotiations  and  acquisition  of
potential  business  opportunities and expansion of the Company's markets in the
United States,

         (d) General business consulting.

         (e) Introduction of the company to markets in Europe and Canada.

2.       TERM

         This  Agreement  shall  remain in full  force and effect for an initial
period of twelve (12) months from the date hereof.  This  agreement  will not be
exclusive to or from either party.

3.       COMPENSATION

         In consideration of the services that have been performed and yet to be
performed by  Consultant  for the Company,  Company  agrees to issue Ten Million
(10,000,000) shares of restricted shares of the Company's common stock..

4.       RELATIONSHIP OF PARTIES

         Consultant, which shall include all of its employees, is an independent
contractor and not an employee of the Company,  and as such no employer-employee
relationship  has been created by this agreement,  and all documents or items to
be released by  Consultant  shall first be approved by the  Company.  Consultant
will  report the shares  received  hereinunder  as  compensation  due under this
Agreement and will pay any applicable taxes thereon.

<PAGE>

5.       CONFIDENTIALITY

         Consultant  agrees not to disclose any Confidential  Information of the
Company  and  to  take  all  reasonable   precautions  to  prevent  unauthorized
dissemination  of any  Confidential  Information  gained  during  and after this
Agreement.  Consultant  agrees  not to use  any  of the  Company's  Confidential
Information  for its own  benefit or for the  benefit  of anyone  other than the
Company.  Confidential  Information means information  relating to the research,
development,  products, methods of manufacturing, trade secrets, business plans,
customers,  finances, and personnel data relating to the business affairs of the
Company.  Confidential  Information does not include any information:  (a) which
Consultant  knew before the Company  disclosed it; (b) which has become publicly
known  through no wrongful  acts of  Consultant  or which  Consultant  developed
independently as evidenced by appropriate documentation.

6        NON-COMPETITION

         To  induce  the  Company  to  enter  into  this  Agreement,  Consultant
covenants and agrees that during the term of this  Agreement,  Consultant  shall
not directly or indirectly for his own account or either, as agent,  servant, or
employee,  or as a shareholder of any  corporation  or member of any firm,  own,
manage, operate, join, control, be employed by, or participate in the ownership,
management,  operation,  or control of any individual,  entity, or business that
conducts a business that is now directly or indirectly in  competition  with the
Company.

7.       NON-SALE PROVISION

         The parties  hereto  hereby  represent  to the other that the  services
contracted  for and to be rendered  hereunder do not involve,  or are not in any
way,  connected  to the  offer  or sale of  securities  in any  capital  raising
transaction.

8.       GOVERNING LAWS

         This  Agreement  shall be  interpreted  and governed by the laws of the
state of Utah.

9.       NOTICES

         All  notices  to be  delivered  hereinunder  shall be  deemed  given if
addressed to the parties at the addresses first set forth above.

10.      TERMINATION.

         (a)  Termination  shall occur at the  conclusion of the time  specified
above, or in the event this Agreement or performance  hereunder shall contravene
public  policy,  or constitute a material  violation of any law or regulation of
any federal or state government agency, or either party becomes insolvent, or is
adjudicated bankrupted, or seeks the protection of any provision of the National
Bankruptcy Act, or either party is enjoined,  or consents to, any order relating
to any violation of any state or federal  securities  law,  then this  Agreement
shall be terminated, and be deemed null and void upon such termination;  neither
party shall be  obligated  hereunder  and  neither  party shall have any further
liability to the other.

         (b) Either party may terminate  this Agreement upon breach by the other
party of any material provisions of this Agreement.

11.      ARBITRATION

         Any  controversy  or claim arising out of or related to this  Agreement
shall be  settled  by  arbitration  in  accordance  with the rules and under the
auspices of the American Arbitration  Association;  and any arbitration shall be
conducted in the Salt Lake County, Utah. Any findings of the arbitration will be
final and enforceable in state and federal court.

<PAGE>

12.      ENTIRE AGREEMENT; MODIFICATION.

         (a) This Agreement constitutes the entire agreement between the parties
hereto  with  respect to the  subject  matter  hereof and  supersedes  all prior
negotiations, understandings, agreements, arrangements, and understandings, both
oral and written, among the parties hereto with respect to such subject matter.

         (b) AMENDMENT

         This Agreement may not be amended or modified in any respect, except by
the mutual written agreement of the parties hereto.

         (c) WAIVERS AND REMEDIES

         The waiver by any of the parties hereto of any other party's prompt and
complete performance, or breach or violation, of any provision of this Agreement
shall not  operate  nor be  construed  as a waiver of any  subsequent  breach or
violation,  and the waiver by any of the parties hereto to exercise any right or
remedy  which it may possess  hereunder  shall not operate nor be construed as a
bar tot he exercise of such right or remedy by such party upon the occurrence of
any subsequent breach or violation.

         (d) SEVERABILITY

         The  invalidity  of any one or more of the words,  phrases,  sentences,
clauses,  sections,  or subsections  contained in the Agreement shall not effect
the  enforceability  of the  remaining  portions of this  Agreement  or any part
hereof,  all of which are  inserted  conditionally  on their being valid in law,
and,  in the  event  that  any  one or more of the  words,  phrases,  sentences,
clauses,  sections, or subsections contained in this Agreement shall be declared
invalid by a court of competent jurisdiction,  this Agreement shall be construed
as if such  invalid  word or words,  phrase or phrases,  sentence or  sentences,
clause or clauses,  section or sections,  or subsection or  subsections  had not
been inserted.

13.      COUNTERPARTS.

         This  Agreement  may be  executed in one or more  counterparts,  all of
which together shall constitute only one Agreement.

         IN WITNESS WHEREOF, the parties hereto have caused these presents to be
signed and their  respective seals to be hereunto affixed the day and year above
written.

WASATCH PHARMACEUTICAL, INC.

   /s/ Gary V. Heesch
--------------------------------                    ---------------------------
Gary V. Heesch, President                                       Date

MICHAEL ATOR

  /s/ Michael Ator
--------------------------------                    ---------------------------
Consultant                                                      DateExhibit 10.2

                       COMPENSATORY STOCK ISSUE AGREEMENT

This  Compensatory  Stock  Issue  Agreement  (herein  after  referred  to as The
Agreement) has been entered into by Wasatch  Pharmaceutical,  Inc. (herein after
referred to as "Wasatch"),  Gary Heesch,  Wasatch CEO, David Giles, Wasatch CFO,
and Robert Arbon,  Wasatch Director,  (herein after collectively  referred to as
"Officers") and Standard  Registrar & Transfer Co., Inc.  (herein after referred
to as "Share  Administrator")  for the purpose of providing  the  aforementioned
Officers with assurance that they will be adequately compensated for their loyal
past and future services.

WHEREAS,  Wasatch  is a  development  stage  company  that  has,  to date,  been
extremely  short of cash  resources,  it has been unable to meet its agreed upon
compensation  payments to the  Officers  and is  indebted to the  Officers in an
aggregate   totaling  $918,975  at  December  31,  2001.  As  security  for  the
compensation obligation and in order to retain the Officers much needed services
and skills,  Wasatch has agreed to issue 110,000,000  shares of its common stock
to the officers as an inducement for their continued  service.  Such shares will
be distributed to the Officers on the following basis:

                           Name                              Shares Issued
                           -----------------                 -------------
                           Gary Heesch                        58,158,589
                           David Giles                        45,032,787
                           Robert Arbon                        6,808,624
                                                             -----------
                                Total                        110,000,000
                                                             ===========

This share  issue will be  considered  as  exchanged  for the  following  unpaid
Officer's fees and compensation; Gary Heesch $491,024, David Giles $377,951, and
Robert  Arbon  $50,000.  In  addition,  such shares will be used as security for
future fees, interest and compensation that may inure to the Officers.

WHEREAS,  Wasatch  agrees that the shares will  constitute  a fully vested issue
with full  voting  power.  Wasatch  is granted a right of first  refusal,  which
allows  it  to  purchase  such  shares,   based  on  the  value  established  in
subparagraph 3. of the immediately following paragraph,  before the Officers can
sell a portion or all of the Wasatch stock  derived from this issue.  Such right
will remain in place until the Officers  have  received an amount of money equal
to the unpaid compensation, covered by The Agreement, adjusted for the interest,
calculated at 3% per annum of the covered  compensation  obligation,  that would
have accrued from the execution date of The  Agreement.  It is intended that The
Agreement and its  provisions are intended to provide the Officers with security
and, consequently, the number of shares of common stock released to the Officers
by the Share Administrator should be dramatically less as the value of the stock
increases in the market place.

<PAGE>

THEREFORE,  the parties agree that the Share Administrator will hold, in escrow,
the officers three certificates totaling110,000,000 shares of common stock under
the following terms:

1.       These shares will be held in escrow for the Officers  until unpaid past
         and future  compensation  obligations are paid in cash or exchanged for
         Wasatch's common stock as provided for in The Agreement.

2.       It is agreed that at the conclusion of each calendar quarter subsequent
         to December 31, 2001,  the Officers will make an election as to whether
         unpaid  compensation  will be added to The  Agreement  or retained as a
         liability and accounts payable for Wasatch.  In addition,  Wasatch will
         evaluate the current market value of the shares securing the underlying
         obligation and increase or decrease such shares as is deemed necessary.

3.       To fund the liquidation of the compensation  obligations,  Wasatch will
         repurchase  the  compensation  shares at the  average  bid price of its
         common stock traded in a recognized  public capital market place during
         the three days prior to the  repurchase.  In lieu of the cash  payment,
         the officers  will have an option to remove from escrow the shares that
         would have been returned to Wasatch in the cash payment.

4.       If the  compensation  obligations are liquidated by cash payments,  the
         Officers  will  direct  the Share  Administrator  to release a pro-rata
         equivalent  number of shares and return  them to Wasatch  using the per
         share value set forth in paragraph 3 above.

5.       It is the intention of the parties that The Agreement not be treated as
         an income taxable event by Wasatch or the Officers until such time when
         the officers receive cash or equivalent shares distributed by the Share
         Administrator. If income taxes are assessed prematurely, Wasatch agrees
         to reimburse  such  assessments  incurred by the  Officers.  Reimbursed
         premature income tax assessments will be recovered by Wasatch when such
         shares or cash are  distributed  by the Share  Administrator  under the
         terms of The Agreement.

6.       It is the  intention of the parties to The  Agreement  that the cash or
         cash equivalent  compensation paid to the Officers would not exceed the
         amount of the interest adjusted compensation obligation.

7.       Any common  shares  remaining  in the hands of the Share  Administrator
         after  liquidation of the  compensation  obligation will be returned to
         the treasury at no cost to Wasatch.

8.       If the compensation  obligation is not fully paid after liquidating the
         shares held by the Share  Administrator  the unpaid balance will remain
         an obligation and liability of Wasatch.

9.       The Share  Administrator  assumes no  responsibility or liability other
         than the due care  necessary  to carry  out the  terms  The  Agreement.
         Wasatch and the Officers agree to hold the Share Administrator harmless
         from any liability arising from The Agreement.

It is agreed by Wasatch and the Officers that,  with their mutual  consent,  The
Agreement may be amended or terminated.

     Dated this 10 day of January, 2002

         /s/ Gary V. Heesch                            /s/ Robert Arbon
     --------------------------                        ---------------------
     Wasatch Pharmaceutical                             Robert Arbon

      /s/ Gary V. Heesch
     --------------------------                        ---------------------
     Gary V. Heesch                                     Standard Registrar

       /s/  David K. Giles
     --------------------------
     David K. Giles

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