Document:

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                                                                    EXHIBIT 10.3

                              EMPLOYMENT AGREEMENT

This Employment Agreement (the "Agreement") is made effective as of May 2, 2003
(the "Effective Date") by and between Newcourt Holdings, Inc. ("the Company")
and Ronald LaPrade of Miami, Florida ("Executive") (the Company and the
Executive may hereinafter be referred to individually as a "Party" or jointly as
the "Parties").

                                R E C I T A L S :

         WHEREAS, the execution and delivery of this Agreement by Executive is a
condition precedent to the Company's consummation of a share exchange pursuant
to that certain Agreement for the Exchange of Securities dated as of December
30, 2002 between the Company and Executive.

         WHEREAS, the Company desires to employ the Executive upon and subject
to the terms and conditions set forth herein and the Executive desires to accept
such employment; and

         WHEREAS the parties wish to set forth the terms and conditions upon
which the Executive is to be employed;

         NOW, THEREFORE, in consideration of the mutual covenants herein
contained, the parties hereto agree as follows:

1.       Executive Position. The Company hereby agrees to employ the Executive,
and the Executive hereby agrees to be employed by the Company, as Chief
Operating Officer. The Executive shall also serve as Chairman of the Board of
Directors of the Company, subject to the approval of the shareholders of the
Company. In such capacity, Executive shall be responsible for: managing the
general operations of the Company's plant and production equipment, supervising
all aspects of engineering, as well as research and development, supervising the
technical field support personnel of the Company and its subsidiaries, securing
patents on all proprietary equipment and/or devices designed and developed by
the Company and/or its subsidiaries, assisting in the development and
implementation of product testing methodologies and quality assurance protocols
to ensure that all machines owned or operated by the Company and its
subsidiaries meet the highest quality performance standards, making changes to
the vial molds in consultation with other senior management that are necessary
for the continued improvement of the various products of the Company and its
subsidiaries, monitoring quality control and field performance of all Aseptic
filing and heat-sealing machines of the Company and its subsidiaries, including
manifolds and other equipment relating to such heat-sealing machines,
establishing written plant policies and procedures relating to production and
quality assurance protocols, ensuring compliance with all regulations relating
to plant operations and safety, supervising the use of the equipment and
machinery of the Company and its subsidiaries, developing, establishing,
implementing and supervising regular preventative maintenance schedules for all
production machines and equipment, and, in the Executive's role as Chairman of
the Board of Directors, developing and coordinating the agenda for regular
meetings of the
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board of directors of the Company, advising all members of the board of
directors of the Company of developments relating to the Company, coordinating
and overseeing the Company's annual meeting of shareholders, maintaining a
proper record of all board and shareholders meetings and such other duties as
may be assigned by the Board of Directors of the Company from time to time that
are commensurate with the position of Chief Operating Officer of the Company.

2.       Performance of Duties. The Executive shall devote such time to the
business and affairs of the Company in order to perform his duties set forth in
Section 1 hereof. The Executive shall at all times use his best efforts to
preserve and maintain the business relationships between the Company and its
Executives, clients and suppliers.

3.       Term Of Employment. The initial term ("Initial Term") of employment
under this Agreement shall be three (3) years, beginning on the Effective Date.
This Agreement shall renew automatically for additional one-year terms following
the Initial Term unless either party gives the other written notice of
non-renewal at least ninety (90) days before the end of any term, or unless
sooner terminated in accordance with Section 5 below. The Initial Term of this
Agreement when coupled with any subsequent additional renewal terms shall be
referred to collectively throughout this Agreement as the "Term". Each of the
years throughout the Term shall be referred to individually as a "Term Year" and
collectively as the "Term Years".

4.       Compensation.

         4.1 Base Compensation. Throughout the Term, the Executive shall receive
base compensation ("Base Compensation") consisting of certain base salary as set
forth below in this Section 4.

         4.2 Base Salary. The Company shall pay the Executive an annual base
salary of Sixty Thousand ($60,000.00) in the first year. For each year during
the Initial Term, Executive's Base Salary shall be increased by $50,000.00 each
successive Term year, provided that the Company meets its annual performance
goals, which are approved each year by the Board of Directors and the Executive.
Such annual base salary shall be payable in equal installments at least
semi-monthly, less taxes required by law to be withheld. However, if the Company
is not generating sufficient revenues to pay its debts as they become due,
including, but not limited to, all Company operating expenses, such as the
salaries of other employees and the Company's operating expenses, and the
Company's other indebtedness, the annual base salary of the Executive shall be
deferred in such amount and for such time as is determined by the Board of
Directors of the Company. Executive agrees to accept a mutually agreeable
percentage of his Base Salary in Company stock at a valuation to be agreed upon
by the parties. The valuation of the shares shall be the stock trading price if
the Company stock is trading on an unrestricted basis.

         4.3 Annual Bonus Executive shall receive an annual bonus equal to
three-percent (3%) of the Company's pre-tax profits. This bonus shall be
calculated at the end of each Term year, and shall be payable to Executive
within sixty (60) days after the end of each Term year.

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         4.4 Compensation Review. Company shall from time to time, no less
frequently than annually, review the Executive's compensation and may, it its
sole and absolute discretion, increase the compensation provided for in this
Section 4. Any such increase in compensation shall be valid only if approved in
writing by the Compensation Committee of the Board of Directors, and such
writing shall constitute an amendment solely to the compensation to be provided
to the Executive under this Agreement, without waiver or modification of any
other provision hereof.

         4.5 Benefits. The Executive shall be entitled to Four weeks paid
vacation in each twelve (12) month period beginning with the Effective Date of
this Agreement, in accordance with the Company's policies regarding accrual and
use of vacation for the Company's similarly situated executives. Subject to any
applicable waiting periods or other policies reasonably imposed by the Company
or its providers, the Executive shall be entitled to participate in all benefit
plans maintained by the Company, specifically including but not limited to
health insurance, life insurance, and group disability insurance, all in
accordance with the terms of any such plans. Any health insurance coverage
provided shall involve a plan pursuant to which the Company shall pay no less
than eighty (80%) percent of any required premium.

         4.6 Expenses. During the Term, the Executive shall be reimbursed by the
Company for expenses reasonably and necessarily incurred by him in connection
with his duties on behalf of the Company, subject to appropriate substantiation
in accordance with the Company's expense reimbursement policy as it may exist
from time to time; provided however that any individual expense in excess of one
thousand dollars ($1,000.00) shall require the prior written approval of an
authorized officer of the Company other than the Executive. For purposes of the
foregoing sentence, the term "individual expenses" shall be deemed to include
any (i) single expenditures, and/or (ii) series of expenditures which have a
common purpose and which, when viewed collectively, reasonably constitute one
and the same basic item of expenditure (e.g. a business trip involving multiple
expenses).

5.       Termination.

         5.1 Termination Upon Disability. If Executive becomes totally or
partially physically or mentally disabled, such that he is unable with or
without reasonable accommodation to perform his duties hereunder for a period of
sixty (60) days in any ninety (90) consecutive calendar day period or for an
aggregate of one hundred twenty (120) days within any twelve (12) consecutive
month period, the Company shall have the right to terminate the Executive's
employment hereunder by giving the Executive thirty (30) days written notice to
that effect.

                  5.1.1 Obligations of Company upon Termination Upon Disability.
In the event of Executive's termination pursuant to Section 5.1, the Company
shall pay to Executive, in full satisfaction of all of its obligations
hereunder, all compensation and benefits to which he is entitled through the
date of termination, but shall be entitled to a credit against this obligation
in the amount of any disability insurance benefits received by Executive during
such period from any disability insurance policy paid for by the Company, or
from the Social Security disability program. Executive shall be eligible to
receive a termination payment equal to six months' Base Salary in the sole and
absolute of the Company Board of Directors, based on available cash flow

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at the time of termination, as determined by United States generally accepted
accounting principles.

                  5.1.2 Determination of Disability. Any question as to the
existence of the disability of the Executive as to which the Executive and the
Company cannot agree shall be determined in writing by a qualified independent
physician mutually acceptable to the Executive and the Company. If the Executive
and the Company cannot agree as to a qualified independent physician, each shall
appoint such a physician and those two physicians shall select a third who shall
make such determination in writing. The determination of disability made in
writing to the Company and the Executive shall be final and conclusive for all
purposes of the Agreement. Notwithstanding the foregoing, the receipt of
long-term disability benefits by the Executive shall constitute conclusive proof
of the Executive's disability for purposes of this Agreement.

         5.2 Termination Upon Death. If the Executive dies, his employment and
the Company's obligation to pay the Base Salary and Base Options shall terminate
as of the date of Executive's death; provided, however, that Executive's estate
shall be entitled to receive any unpaid amounts of any Base Compensation and
Bonus Compensation earned up to the date on which Executive's death occurs,
which payments shall be made at such times as they would have been paid to
Executive had such death not occurred. To the extent that the Company has
purchased any life insurance on behalf of the Executive as part of the benefits
payable hereunder, any proceeds realized as a result of the death of the
executive shall additionally be paid to Executive's estate, unless otherwise
provided for by the Executive.

         5.3 Termination by Mutual Agreement. Executive's employment under this
Agreement may be terminated by the mutual agreement of the parties to this
Agreement, on such terms as may be agreed.

         5.4 Termination by Executive For Good Reason.

                   5.4.1. Executive may terminate his employment hereunder for
Good Reason (as hereinafter defined); provided that, (A) no later than thirty
(30) days following the time that the Executive learns of the circumstances
constituting Good Reason, he gives a notice of termination to the Company
providing reasonable details of such circumstances and the Company is given no
less than thirty (30) days to cure such failure in the manner reasonably
suggested by the Executive in such Notice of Termination (provided such
circumstances are capable of being cured), and (B) the Executive provides the
Board of Directors or its designee the opportunity (together with counsel) to
meet personally with the Executive within the first fifteen (15) days of such
thirty (30) day (or longer, if permitted by the Executive) cure period to
discuss such failure, and the Company fails to cure such failure during such
period. Given the nature of his duties and responsibilities, the Executive
acknowledges and agrees that, if he is of the view that any proposed decision or
action of the Company which the Executive is involved in planning or
implementing, or of which he otherwise becomes aware, may give rise to Good
Reason, he will promptly provide the Board of Directors with written notice
describing such potential Good Reason event.

        For purposes of the foregoing, "Good Reason" shall mean any of the
following events:

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                  (a) the assignment to Executive of duties substantially and
materially inconsistent with his position as set forth herein;

                  (b) a reduction by the Company of all or any material part of
Executive's Base Compensation or benefits as provided for under this Agreement;

                  (c) the Company's failure to pay to Executive any material
portion of any of the Base Compensation or benefits to which he is entitled
pursuant to this Agreement; or

                  (d) the continuing breach by the Company of a material
provision of this Agreement (other than Section 4 hereof ) for a period of
thirty (30) days after the Executive has provided the Company with written
notice of such breach in accordance with Sections 5.4.1 and 9.6 hereof.

              5.4.2. In the event the Executive terminates his employment
hereunder for Good Reason, the Company shall continue to pay to Executive his
Base Salary until the date which his employment term expires. In addition, any
unvested stock options then held by Executive shall immediately vest and become
exercisable. Executive shall forfeit the compensation described in this
sub-paragraph 5.4.2 if he should resign his position hereunder without Good
Reason.

         5.5      Termination by the Company For Cause.

                  5.5.1 The Company may terminate Executive's employment
hereunder for Cause.

                  5.5.2. For purposes of this Subsection 5.5, "Cause" shall be
deemed to exist upon: (i) the commission by Executive of a willful and material
act of dishonesty in the course of the Executive's duties hereunder, (ii) the
conviction of Executive by a court of competent jurisdiction of a crime
constituting a felony or conviction in respect of any act involving fraud, or
dishonesty, excluding ordinary traffic violations (iii) the Executive's
continued, habitual intoxication or performance under the influence of
controlled substances during working hours, after the Company shall have
provided written notice to the Executive and given the Executive thirty (30)
days within which to commence reasonably recommended rehabilitation with respect
thereto, and the Executive shall have failed to commence such rehabilitation,
(iv) frequent or extended, and unjustifiable absenteeism by Executive (not
brought about as a result of any incapacity, sickness, injury or disability),
(v) the engaging by Executive in any act which in the reasonable determination
of the Company has had a material adverse effect on the Company's business, (vi)
the Executive's material breach or material failure to perform the duties set
forth in Section 1 hereof and the Executive's failure to cure such breach or
failure to perform within thirty (30) days following notice to the Executive of
such breach or failure to perform, (vii) the Executive's refusal to carry out
the lawful written directives of the Board of Directors where the effect of such
refusal is potentially damaging or detrimental to the Company, or (viii) any
other material non-compliance by Executive with the terms of this Agreement.

                  5.5.3 In the event the Company terminates Executive's
employment hereunder

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for "Cause", the Company shall pay Executive any and all compensation and
benefits due to him pursuant to this Agreement through the date of termination
in full satisfaction of all of the Company's obligations to Executive.

         5.6 Termination by the Company Other Than For Cause; Severance. In the
event the Company terminates the Executive's employment hereunder other than for
Cause or due to death or Disability, the Company shall continue to pay to
Executive his Base Salary until expiration of the Term. In addition, any
unvested stock options then held by Executive shall immediately vest and become
exercisable.

         5.7 Release. Notwithstanding any other provision of this Agreement to
the contrary, the Executive acknowledges and agrees that any and all payments to
which the Executive is entitled under this Section are conditioned upon and
subject to the Executive's execution of a general waiver and release, in such
reasonable form as counsel for each of the Company and Executive shall agree
upon, of all claims the Executive has or may have against the Company. As a
condition to Executive's issuance of such waiver and release, the Company shall
execute and deliver to Executive a waiver and release of all claims of the
Company against Executive in form and substance reasonably acceptable to
Executive.

6.       Protection of Confidential Information.

         6.1 Definition. The Company and its affiliates has acquired and will
develop certain trade secrets and other confidential and proprietary
information, including without limitation methods of operation, financial
information, strategic planning, operational budgets and strategies, software
(including specifications, programs and documentation), marketing information
and strategies, merger and acquisition strategies, payroll data, management
systems, client and vendor lists and client and vendor information (collectively
the "Confidential Information"), to which the Executive will have access as a
result of his employment. Confidential Information shall not be deemed to
include information generally known in the industry or which has become part of
the public domain other than by reason of the Executive's breach of this
Agreement.

         6.2 Return. Upon termination of his employment for any reason,
Executive will immediately deliver to the Company all papers, books, manuals,
lists, software, computer discs and data, correspondence and documents (in any
medium whether in writing, on magnetic tape or in electronic or other form)
containing or relating to the Confidential Information, and he will neither copy
nor take any such material with him upon leaving the Company's employ.

         6.3 Non-Disclosure. Executive will not at any time either while
employed by the Company or after the termination of his employment reveal any
Confidential Information to any other person or business entity, except as
required by his duties for the Company or by law.

         6.4 Remedies. Executive acknowledges and agrees that (a) the Company is
engaged in a highly competitive business, (b) the Confidential Information of
the Company would be valuable to the Company's competitors by virtue of the fact
that it is not generally known to the

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public or in the industry; (c) the provisions of this Section 6 are fair and
reasonable to protect the Company's business interests and competitive position
and are of vital concern to the Company, and, (d) breach of this Section 6 by
Executive would cause the Company irreparable harm, for which monetary damages
would not adequately compensate the Company. Therefore, the Executive agrees
that the restrictions set forth in this Section 6 may be enforced by injunction,
without the requirement of any bond, in addition to whatever other rights or
remedies are available to the Company.

7.       Non-Competition.

         7.1 Non-Competition Period. Executive agrees that for a period
commencing on the Effective Date and ending 18 months after the anniversary of
the date on which Executive's employment with the Company is terminated (the
"Non-Competition Period"), Executive shall not serve as, or be a consultant to,
or an employee, officer, agent, director or owner of more than five percent (5%)
of another corporation, partnership or other entity that directly or indirectly
competes with the Company in the Business. The "Business" of the Company shall
mean the actual business of the Company during the period that Executive is
employed hereunder. As of the date hereof, the Business of the Company is: (a) a
wholesale distributor of respiratory medications, pharmacy supplies, generic
drugs, medical devices, disposable medical supplies and ancillary products, (b)
the manufacture of pharmaceutical grade disposable plastic vials, which are used
by pharmacies to fill, seal and dispense prescription medications for the
treatment of various pulmonary diseases and (c) the manufacture of the filling
stations and heat-sealing machinery and equipment that pharmacies use to seal
vials containing medication. Executive further agrees that during the
Non-Competition Period, he shall not: (x) employ or solicit for employment or
endeavor in any way to entice away from employment with the Company or its
affiliates any employee of the Company or its affiliates; (y) solicit, induce or
influence any supplier, customer, agent, consultant or other person or entity
that has a business relationship with the Company to discontinue, reduce or
modify such relationship with the Company; or (z) solicit any of the Company's
identified potential acquisition candidates.

         7.2 Remedies. If Executive breaches, or threatens to commit a breach of
any of the provisions contained in Section 6 or 7 hereof (the "Restrictive
Covenants"), the Company shall have the following rights and remedies, each of
which shall be enforceable, and each of which is an addition, and not in lieu
of, any other rights and remedies available to the Company at law or in equity,
provided that a court of competent jurisdiction holds in favor of the Company
with respect to a breach or threatened breach of the provisions contained in
Section 6 or 7:

                  (i) Executive shall account for and pay over to the Company
all compensation, profits, and other benefits which inure to Executive's benefit
which are derived or received by Executive or any person or business entity
controlled by Executive, or his relatives, resulting from any action or
transactions constituting a breach of any of the Restrictive Covenants; and

                  (ii) Notwithstanding the provisions of Section 7.2(i) hereof,
Executive acknowledges and agrees that in the event of a violation or threat of
violation of any of the Restrictive Covenants, the Company shall have no
adequate remedy at law and shall therefore be entitled to enforce each such
provision by temporary or permanent injunction or mandatory relief

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obtained in any court of competent jurisdiction without the necessity of proving
damages, posting any bond or other security, and without any prejudice to any
other rights and remedies that may be available at law or in equity, and the
Company shall also be entitled to recover from the Executive its attorneys' fees
and costs incurred to enforce any of the Restrictive Covenants.

         7.3 Modification of Restrictive Covenants. If any of the Restrictive
Covenants, or any part thereof, is held to be invalid or unenforceable, the same
shall not affect the reminder of the covenant or covenants, which shall be given
full effect, without regard to the invalid or unenforceable portions. Without
limiting the generality of the foregoing, if any of the Restrictive Covenants,
or any part thereof, is held to be unenforceable because of the duration of such
provision or the area covered thereby, the parties hereto agree that the court
making such determination shall have the power to reduce the duration and/or
area of such provision and, in its reduced form, such provision shall then be
enforceable.

8.       Inventions.

         8.1 Disclosure. Executive will promptly disclose to the Company (or
persons designated by it) all discoveries, developments, designs, improvements,
inventions, formulae, processes, techniques, programs, know-how, data or other
information of possible technical or commercial importance related to the
Company's technology or its business, whether or not patentable, and whether or
not protectable under copyright or similar statutes, made, conceived, reduced to
practice or learned by Executive, either alone or jointly with others, during
Executive's employment by the Company, whether or not discovered, made,
conceived, reduced to practice or learned during ordinary business hours or
otherwise and whether on the Company's premises or elsewhere. (All of the
foregoing are hereinafter referred to as "Inventions"). In this regard, the
Executive shall provide the Company with a disclosure letter dated as of the
date of this Agreement disclosing all Inventions to which Executive claims
ownership.

         8.2 Assignment. Executive agrees that all Inventions shall be the sole
property of the Company and its assigns, and the Company and its assigns shall
be the sole owner of all patents, patent applications (including continuations,
continuations-in-part, divisionals, reissues, reexaminations and foreign
counterparts thereof), trade secret rights, copyrights and other rights arising
therefrom or in connection therewith. Executive hereby assigns to the Company
any rights Executive may have or acquire in such Inventions. Executive further
agrees as to all such Inventions to assist the Company in every proper way (but
at the Company's expense) to obtain and from time to time to enforce patents,
trade secret rights, copyrights and other rights and protections relating to
such Inventions in any and all countries (the foregoing are hereinafter referred
to as "Proprietary Rights"), and to that end Executive will execute all
documents for use in applying for, obtaining and enforcing all Proprietary
Rights as the Company deems necessary or desirable, together with any
assignments thereof to the Company or persons designated by it). The Executive's
assignment of intellectual property and other Proprietary Rights hereunder
includes without limitation all rights of paternity, integrity, disclosure and
withdrawal and any other rights that may be known as or referred to as moral
rights and the like (collectively, "Moral Rights"), and to the extent such Moral
Rights cannot be assigned under applicable law and to the extent allowed by the
laws in the various countries where Moral Rights exist, the Executive hereby
waives such

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Moral Rights and consents to any action of the Company or any third party that
would violate such Moral Rights in the absence of such consent.

         8.3 Assistance. Executive's obligation to assist the Company in
obtaining and enforcing Proprietary Rights shall survive and continue beyond the
termination of Executive's employment with the Company. If the Company is
unable, after reasonable effort, to secure Executive's signature on any document
or documents needed to apply for or prosecute any Proprietary Right or Rights,
whether because of Executive's physical or mental incapacity or for any other
reason whatsoever, Executive hereby irrevocably designates and appoints the
Company and its duly authorized officers and agents as Executive's agent and
attorney-in-fact, to act for and in Executive's behalf and stead, to execute and
file any documents necessary and to do all other lawfully permitted acts to
secure such Proprietary Rights for the benefit of the Company, with the same
legal force and effect as if executed by Executive. Executive expressly
acknowledges, stipulates and agrees that the foregoing power of attorney is
coupled with an interest, is therefore irrevocable and shall survive the death
or in competency of Executive.

9.       Miscellaneous.

         9.1 Arbitration. Any controversy or claim arising out of or relating to
this Agreement, or the breach thereof, with the exception (at the Company's
option) of Sections 6, 7 and 8, shall be settled by binding arbitration in the
City of Miami, Florida, in accordance with the then-existing Employment Dispute
Resolution Rules of the American Arbitration Association (AAA), and judgment
upon the award rendered may be entered in any court having jurisdiction thereof.
If the parties cannot agree upon an arbitrator(s), the arbitration shall be
administered by the AAA. All applicable statutes of limitation shall apply to
any controversy or claim.

         9.2 Entire Agreement. This Agreement supersedes any and all prior
agreements or understandings with respect to the employment of the Executive,
and represents the final and entire agreement of the parties. Any modification,
termination or waiver of any provision of this Agreement shall be effective only
if contained in a writing signed by the party to be charged, and no such waiver
in one instance shall operate as a waiver of any other provision or of any
subsequent breach of the provision waived.

         9.3 Severability of Provisions. The provisions of this Agreement are
separate and severable, and if any of them is declared invalid and/or
unenforceable by a court of competent jurisdiction or an arbitrator, the
remaining provisions shall not be affected.

         9.4 Assignment. This Agreement is a personal contract and may not be
sold, transferred or assigned by the Executive, except with respect to
compensation to be received hereunder, which may be assigned by written notice
to the Company. It shall be assignable by the Company to any party that acquires
a substantial portion of the assets, stock or business of the Company, provided
that the assignee assumes this Agreement.

         9.5 Benefit. The rights and covenants of this Agreement shall inure and
extend to the parties hereto, their respective personal representatives, heirs,
successors, corporate parents, subsidiaries, and affiliates, and permitted
assigns.

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         9.6 Notices. All notices, requests, demands, claims and other
communications hereunder shall be in writing. Any notice, request, demand,
claim, or other communication hereunder shall be deemed duly given (i) if
personally delivered, when so delivered, (ii) if mailed, two business days after
having been sent by registered or certified mail, return receipt requested,
postage prepaid and addressed to the intended recipient as set forth below,
(iii) if given by telex or telecopier, once such notice or other communication
is transmitted to the telex or telecopier number specified below and the
appropriate answer back or telephonic confirmation is received, provided that a
copy of such notice or other communication is promptly thereafter mailed or sent
in accordance with the provisions of subsection (ii) or (iv) hereof, or (iv) if
sent through an overnight courier/delivery service in circumstances in which
such service guarantees next day delivery, the day following being so sent:

         If to the Company:   Newcourt Holdings, Inc.
                              12400 SW 134th Court
                              Suite 11
                              Miami, FL  33186
                              Attn:  President

         If to Executive:     Ronald LaPrade
                              12400 SW 134th Court
                              Suite 11
                              Miami, FL  33186

         Either Party may give any notice, request, demand, claim or other
communication hereunder using any other means (including ordinary mail or
electronic mail), but no such notice, request, demand, claim or other
communication shall be deemed to have been duly given unless and until it
actually is received by the individual for whom it is intended. Any Party may
change the address to which notices, requests, demands, claims and other
communications hereunder are to be delivered by giving the other Parties notice
in the manner herein set forth.

         9.7 Section Headings. The section and paragraph headings in this
Agreement are included for convenience only.

         9.8 Certain Representations and Warranties of the Company. By executing
this Agreement, the Company warrants (i) that it is a corporation duly
organized, validly existing and in good standing under the laws of all
jurisdictions in which it is incorporated and/or licensed to conduct business;
(ii) that it has full authority to enter into and perform its obligations under
this Agreement, and that the corporate officer signing on its behalf has
authority to do so; and (iii) that to the best of its knowledge there exists no
actual or threatened proceeding or investigation of any kind against the Company
or to which the Company might become a party which might affect the validity or
enforceability of this Agreement.

         9.9 Construction. This Agreement is the joint product of the Company
and the Executive and each provision hereof has been subject to the mutual
consultation, negotiation and agreement of the Company and the Executive and
shall not be construed for or against either

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party hereto.

         9.10 Governing Law. This Agreement shall be governed by and construed
in accordance with the laws of the State of Florida without reference to its
principles of conflict of laws, or to the principles of conflict of laws of any
other jurisdiction which would cause the application of the law of any
jurisdiction other than the State of Florida.

         9.11 Counterparts. This Agreement may be signed in counterparts, each
of which shall be an original, with the same effect as if the signatures thereto
and hereto were upon the same instrument.

                        (SIGNATURES APPEAR ON NEXT PAGE.)

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          IN WITNESS WHEREOF, the parties have executed this Employment
Agreement as of the date first above written.

NEWCOURT HOLDINGS, INC.                     EXECUTIVE

By:  /s/ McIvan A. Jarrett                  /s/ Ronald LaPrade
     ------------------------------         ------------------------------
     McIvan A. Jarrett, President           Ronald LaPrade

                                      -12-<PAGE>
                                                                    EXHIBIT 10.4

                             SHAREHOLDERS' AGREEMENT
                                       OF
                    NEWCOURT HOLDINGS, INC. AND SUBSIDIARIES

THIS SHAREHOLDER'S AGREEMENT (this "Agreement"), is made and entered into as of
this 2nd day of May 2003 by and among Newcourt Holdings, Inc. (the "Company"), a
Florida corporation, and McIvan A. Jarrett, an individual, and Ronald LaPrade,
an individual, ("Shareholders").

WHEREAS, the parties have entered into of that certain Agreement for the
Exchange of Securities ("Exchange Agreement") executed in conjunction with this
Agreement, in which the Company will exchange shares of a new series of its
preferred stock, par value $.01 per share, to be designated Series A Preferred
Stock ("Series A Preferred Stock") with the Shareholders for all the issued and
outstanding shares of common stock of Engineered Plastics, Inc. ("EPI") and
Quantum Pharmaceuticals, Inc. ("QPI"), each a wholly-owned subsidiary of the
Company, and

WHEREAS, the parties hereto deem it in their best interest to provide for
ultimate ownership of the Preferred shares of the Company and stock of EPI ("EPI
Stock") and QPI ("QPI Stock"), the Company's subsidiaries, or rights thereto,
including the right to transfer such stock and the right to purchase such stock
upon the occurrence of certain events;

NOW, THEREFORE, in consideration of the foregoing and in consideration of the
mutual promises set forth herein, the sufficiency of which is hereby
acknowledged, the parties hereto agree as follows:

                                    SECTION 1

                                   DEFINITIONS

         Whenever used in this Agreement, the following terms shall have the
meaning set forth below:

         (a) "Disposition" shall mean any sale, transfer, conveyance,
hypothecation, pledge or encumbrance, whether outright or as security, by
operation of law, with or without consideration, voluntary or involuntary,
direct or indirect of all or any part of any right, title or interest (including
but not limited to voting rights) in or to any Stock. In the case of
Shareholder, which is itself also a corporation, a Disposition of stock shall
also include a change in control of the stock of such Shareholder corporation.

         (b) "Right of First Refusal Period" shall mean the thirty-six (36)
month period ("RFR Period") following the closing of the Exchange Agreement.

         (c) "Stock" shall mean all shares of the Series A Preferred Stock of
the Corporation now and hereafter owned by the Shareholders.

<PAGE>

                                    SECTION 2

     RFR PERIOD RESTRICTIONS ON DISPOSITION OF EPI AND QPI STOCK AND ASSETS

         (a) Disposition of EPI and QPI Stock or Assets. During the RFR Period,
and as long as a Shareholder shall own at least ten percent (10%) of the Series
A Preferred Stock, the Company shall not dispose of any of its EPI Stock or
Assets and/or QPI Stock or Assets except as permitted in paragraph (b) below,
and any such attempted disposition shall be void and shall not be recognized or
registered upon the books of the Company.

         (b) Right of First Refusal, EPI and/or QPI Stock or Assets. If during
the RFR Period, the Company desires to sell, assign, transfer, convey or
otherwise dispose of the shares or assets of either QPI or EPI, or both,
pursuant to a bona fide written offer ("Offer") to purchase by a third party,
the Company shall, as long as a Shareholder owns at least ten percent (10%) of
the Series A Preferred Stock, first give such Shareholder or Shareholders, as
the case may be, sixty (60) days' advance written notice (the "RFR Notice of
Sale") of the proposed sale (which RFR Notice of Sale shall include the name of
the party to whom the Company proposes to sell the Shares or Assets which are
the subject of the Notice of Sale (the "RFR Shares" or the "RFR Assets" ) and
the purchase price proposed to be paid by such party for each of the RFR Shares
or the RFR Assets, or both), within which sixty (60) day period (the "Election
Period") such Shareholder or Shareholders, as the case may be, shall have the
right to elect to purchase all and not less than all of the RFR Shares or the
RFR Assets, or both by delivering to the Company a written notice (the "Notice
of RFR Election") of their election to purchase all of the RFR Shares or the RFR
Assets or both on the same terms and conditions set forth in the Offer.

         (c) Closing. The closing of the Shareholder's purchase of the RFR
Shares or RFR Assets which a Shareholder elects to purchase shall take place at
the offices of the Company on a date (the "RFR Sale Date") set forth in the
Notice of RFR Election which is not less than thirty (30) nor more than
forty-five (45) days following the date on which the Notice of RFR Election is
delivered to the Company. On the RFR Sale Date, such Shareholder or
Shareholders, as the case may be, shall pay the Company for the RFR Shares or
RFR Assets in accordance with the terms and conditions set forth in the Offer,
subject to the Company's discretion to accept a down payment and note with
interest in lieu of matching an all cash offer if the note interest rate
adequately compensates the Company for accepting deferred payment.

         (d) Disposition by Company. If the Shareholders (i) elect not to
purchase the RFR Shares or RFR Assets, or (ii) fail to make a timely delivery of
an RFR Notice of Election, then the Company shall have the right to sell all of
the RFR Shares and RFR Assets which the Shareholders elected not to purchase or
failed to purchase on the same terms and conditions as in the RFR Notice of Sale
within thirty (30) days the expiration of the RFR Election Period.

                                      -2-
<PAGE>

                                    SECTION 3
                 RESTRICTIONS UPON THE TRANSFER OF THE STOCK OF
                                   THE COMPANY

         (a) Transfer Restricted; Pledges Not Permitted. During the RFR Period,
a Shareholder shall not have the right to make any Disposition of Stock except
as provided in this Agreement. A Shareholder shall not pledge encumber, or
otherwise hypothecate as security of collateral any of its shares unless
otherwise permitted, in writing, by the Company.

         (b) Permitted Dispositions. A Shareholder may also transfer Stock to
one or more corporations, partnerships or trusts controlled by such Shareholder;
provided, however, that the transferor shall have obtained the written agreement
of the proposed transferee, that such transferee will be bound by, and the Stock
proposed to be transferred will be subject to, this Agreement. For purposes of
this Agreement, control means, in the case of a corporation or partnership,
ownership of not less than 50% of the vote or value of interests in such
corporation or partnership, and in the case of trusts, ownership of not less
than 50% of the actuarial interests in such trust. The term Disposition and
Permitted Dispositions shall include transfers of interests of entities to which
Shares have been transferred by the Shareholder (or subsequent shareholders).

         (c) Consent of Shareholders. A Shareholder may make a Disposition to
which the Company consents in writing; provided, however, that the transferor
shall have obtained the written agreement of the proposed transferee, that such
transferee will be bound by, and the Stock proposed to be transferred will be
subject to, this Agreement.

         (d) Right of First Offer. Except as otherwise hereinafter provided, if
a Shareholder shall desire to sell all or any portion of his Stock (the "Offered
Interest"), Shareholder (the "Offeror" for purposes of this Section 3(d) shall
first offer to sell the Offered Interest to the Non-Selling Shareholder (the
"Offeree") for purposes of this Section 3 (d) by delivering to the Offeree a
written notice of the proposed transfer. Such notice shall state the Stock
offered and the price and terms upon which the Offered Interest is proposed to
be transferred. The Offeree shall have the right to elect within sixty (60) days
thereafter to purchase all, but not less than all, of the Offered Interest at
the price and upon the terms and conditions contained in such offer by giving
notice to the Offeror within the sixty (60) day period. The transfer of an
interest pursuant to this Section 3 (d) shall occur on a date agreed upon by
Offeror and Offeree but in no event greater ninety (90) days from the election
to purchase, subject to a single extension of up to thirty (30) days (the
"Closing Date"). Any attempted conditional or partial acceptance of the offer by
the Offeree shall constitute a rejection.

                  (i) If the Offeree does not elect to purchase all of the
Offered Interest within the aforesaid period, or, if after accepting such offer,
the Offeree fails to purchase all of the Offered Interest in accordance
herewith, then, subject to the provisions of this Agreement, Offeror shall be
free to transfer all of the Offered Interest to any party; provided, however,
that such party shall be subject to the Company's prior approval, at not less
than the price and on the same terms and conditions (a) within thirty (30) days
from the failure of the Offeree, after having

                                      -3-
<PAGE>

elected to acquire the Offered Interest, to make such purchase of the Offered
Interest on the Closing Date, or (b) within 60 days of the earlier of either
(aa) the expiration of the period within which the Offeree may elect to purchase
the Offered Interest (assuming the Offeree has not formally rejected such offer)
or (bb) the giving of written notice by the Offeree that it does not elect to
purchase all of the Offered Interest. Promptly after the execution of any
contract for the transfer of the Offered Interest, the Offeror shall deliver to
the Offeree a true and complete copy of such contract and all amendments
thereto, and such other information relating to the contract and the proposed
purchaser as the Offeree may reasonably request. Upon receipt of such
information the Offeree shall have an additional right, for the limited period
of ten (10) days, to elect to acquire the Offered Interest on the terms set
forth in such contract and in accordance with the procedure for electing and
closing which is set forth in Section 3(d)(i), above. Upon the consummation of
the transfer of the Offered Interest to the proposed third party purchaser, the
Offeror shall notify the Offeree thereof in writing, certifying the price and
terms and conditions upon which such transfer was made.

                  (ii) If the Offeror does not transfer all of the Offered
Interest within the periods specified in Section 3(d)(i), then the rights of the
Offeree under this Section 2(d)(ii) shall be fully restored and reinstated as if
such offer had never been made; provided, however, that the periods for sale of
the Offered Interest set forth in Section 2(d)(ii) shall be extended during any
period in which such sale is not completed as a result of an act of God, war,
emergencies or other force majeure of which the Offeree receives written notice
from the Offeror.

         (e) Transferee Bound by Agreement. If all or any part of a
Shareholder's Stock has been transferred to a transferee, such transferee: (i)
shall take and hold the Stock subject to this Agreement and to all of the
obligations and restrictions arising hereunder upon the Shareholder from whom
such Stock was acquired; and (ii) shall observe and comply with this Agreement
and with all such obligations and restrictions including, without limitation,
the obligation to retransfer the Stock to the Company and/or other shareholders
as set forth herein.

                                    SECTION 4
                         REPRESENTATIONS AND WARRANTIES

         Each of the parties hereby represent and warrant to the other as
follows:

         (a) Each party hereto is authorized to enter into, execute and deliver
this Agreement; and

         (b) The execution and delivery of this Agreement by each party and the
consummation of the transactions contemplated hereby and the fulfillment of the
terms hereof will not conflict with or result in the breach of any of the terms,
conditions, or provisions of or constitute a default under: (i) the Articles of
Incorporation of such party, or any agreement, indenture or instrument to which
such party is a party; (ii) any judgment, decree, order, obligation, or award of
any court, governmental body, or arbitrator applicable to such party; or (iii)
any law, rule, regulation, license, or permit applicable to such party.

                                      -4-
<PAGE>

                                    SECTION 5
                                  MISCELLANEOUS

         (a)      Termination.  This Agreement shall terminate:

                  (i) If all Stock of the Company is owned by any one (1)
         Shareholder; or

                  (ii) If the Company is adjudicated a bankrupt, the Company
         executes an assignment for benefit of creditors, a receiver is
         appointed for the Company or the Company voluntarily or involuntarily
         dissolves; or

                  (iii) If all Shareholders agree to terminate this Agreement;

         (b) Amendment. This Agreement may not be amended or terminated orally,
and no amendment, termination or attempted waiver shall be valid unless in
writing and signed by the party sought to be bound.

         (c) Notice. Any and all notices, designations, consents, offers,
acceptances or any other communication under this Agreement shall be given in
writing and delivered by personal delivery, overnight courier, or by certified
mail, return receipt requested, postage and charges prepaid, which shall be
addressed, in the case of the Company, to its principal office, in the case of
any Shareholder, to the last address appearing on the stock books of the Company
or to such other address as may be designated. Notices delivered in person shall
be effective and deemed received on the date of delivery. Notices sent by mail
shall be effective and deemed received upon the date of actual receipt.

         (d) Remedies. Stock subject to this Agreement is not readily
marketable, and, for that reason and other reasons, the parties will be
irreparably damaged if this Agreement is not specifically enforced. In this
regard, the parties declare that it is impossible to measure in money the
damages that will accrue to a person having rights under this Agreement by
reason of a failure of another to perform any obligation under this Agreement.
Therefore, this Agreement shall be enforceable by specific performance or other
equitable remedy cumulative with and not exclusive of any other remedy. If any
person shall institute any action or proceeding to enforce the provisions of
this Agreement, any person subject to this Agreement against whom such action or
proceeding is brought hereby waives the claim or defense that the person
instituting the action or proceeding has an adequate remedy at law, and no
person shall in any action or proceeding put forward the claim or defense that
an adequate remedy at law exists. Should any dispute concerning the transfer of
Stock arise under this Agreement, an injunction may be issued restraining the
transfer of such Stock pending the determination of such dispute.

         (e) Applicable Law and Venue. This Agreement has been negotiated and
executed in the State of Florida, and this Agreement shall be construed and
enforced in accordance with the laws of the State of Florida, without regard to
the conflicts of laws provisions thereof. . In the event of any dispute arising
out of or relating to this Agreement, such dispute shall be settled by
arbitration in Miami-Dade County, Florida in accordance with the rules then
obtaining of the

                                      -5-
<PAGE>

American Arbitration Association, and judgment upon the award rendered may be
entered in any court having jurisdiction thereof; provided, however, that the
provisions of this Sub-Section (e) shall in no way limit or impair the rights of
the parties to avail themselves of the remedies provided for in Sub-Section (d)
of this Agreement.

         (f) Effect of Dispute/Attorneys' Fees and Costs. Any party to this
Agreement who challenges the effect or validity of a material term of this
Agreement before any court in any jurisdiction shall, if such challenge is
unsuccessful, be liable to every other party hereto for the amount of reasonable
attorneys' fees and costs incurred by the other party in defending against or
answering such challenge.

         (g) Captions. Titles or captions of sections contained in this
Agreement are inserted only as a matter of convenience and for reference, and in
no way define, limit, extend or prescribe the scope of this Agreement or the
intent of any provision.

         (h) Counterparts. This Agreement may be executed simultaneously in four
or more counterparts, each of which shall be deemed an original, but all of
which together shall constitute one and the same Agreement.

         (i) Further Acts. Each party agrees to perform any further acts and to
execute and deliver any instruments or documents that may be necessary or
reasonably deemed advisable to carry out the purposes of this Agreement.

         (j) Gender. Where the context so requires, the masculine gender shall
be construed to include the female, a corporation, a trust, or other entity, and
the singular shall be construed to include the plural and the plural the
singular.

         (k) Successors and Assigns. This Agreement shall be binding upon and
shall inure to the benefit of the Shareholders, their respective heirs,
successors, successors-in-title, legal representatives and lawful assigns. No
party shall have the right to assign this Agreement, or any interest under this
Agreement, without the prior written consent of the other parties.
Notwithstanding anything to the contrary contained in this Agreement, no
attempted Disposition of Stock shall be valid unless and until the acquirer of
such interest agrees in writing to accept and be bound by all the terms and
conditions of this Agreement, in which case all such terms and conditions shall
inure to the benefit of and be binding upon such acquirer, his successors,
personal representatives, heirs and permitted assigns to the same extent as if
such acquirer had originally been a party to this Agreement.

                                      -6-
<PAGE>

         IN WITNESS WHEREOF, the parties hereto have executed this Shareholders'
Agreement, under seal, on the date and at the place first above written.

NEWCOURT HOLDINGS, INC.

/s/ Jerrold Brooks
-----------------------------------
Name: Jerrold Brooks
Title: Executive Vice President

/s/ McIvan A. Jarrett
-----------------------------------
McIvan A. Jarrett

/s/ Ronald LaPrade
-----------------------------------
Ronald LaPrade

                                      -7-

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