Document:

<PAGE>

Employment Agreement - EnerTeck Chemical Corporation and V. Patrick Keating
Page 1 of 6

                              EMPLOYMENT AGREEMENT

                                     Between

                            ENERTECK CHEMICAL COMPANY

                                       And

[-                             VERNON PATRICK KEATING

         This Employment Agreement (the "Agreement") is made and entered into to
be effective the 1st day of August, 2003 (The Effective Date) by and between
EnerTeck Chemical Corporation, a Texas corporation, (the "Company") and V.
Patrick Keating ("Employee").

WITNESSETH:

         WHEREAS, Employee is an experienced professional and because of whose
educational background, skill and expertise in the field of manufacturing,
marketing, business development, engineering, management and the like and which
skill and expertise would be valuable to the Company,

         WHEREAS, the Company desires to employ the Employee and the Employee
desires to be employed by the Company; and

         WHEREAS, Employee and the Company desire to set forth the terms and
conditions of Employee's employment with the Company.

         NOW, THEREFORE, and in consideration of the premises and of the full
and faithful performance of the respective agreements herein contained, the
parties hereto do mutually covenant and agree with each other as follows:

         1.       Employment. The Company agrees to employ Employee as Executive
Vice President and Employee accepts such employment upon the terms and
conditions hereinafter set forth. The Employee shall report directly to the
President or COO.

         2.       Term. The term of this Agreement shall be for a period of
thirty-six (36) months from the Effective Date (August 1, 2003).

         3.       Compensation

                  (a) In the interim period between the Effective Date of this
                  Agreement and such time that the Company generates sufficient
                  cash flow to support executive compensation for its
                  executives, the Company agrees to pay Employee a wage of
                  seventy-two thousand ($72,000) per annum.

                  (b) If and when the Company generates sufficient cash flow to
                  pay executive compensation to its executives as determined
                  solely by the Board of Directors, then the Employee's minimum
                  annual base salary shall be increased to $125,000 per year,
                  payable in equal bi-weekly payments on the regular paydays of
                  the Company for the remainder of this Agreement.

                  (c) Stock Options. The Company will create an Employee Stock
                  Option Plan during the three (3) year term of this Agreement
                  and in addition to

<PAGE>

Employment Agreement - EnerTeck Chemical Corporation and V. Patrick Keating
Page 2 of 6

                  the provisions in items 3(a) and 3(b) above, the Employee will
                  be granted options to purchase common shares of Company stock
                  consistent with said Company Employee Stock Option Plan.

                  (d)Benefits. In addition to the items 3(a) - (c), Employee
                  shall be entitled to participate in any group employee benefit
                  program of the Company, including medical insurance and 401(k)
                  programs, if the Company creates and institutes any such plan
                  in its sole discretion.

                  (e)Vacations. Employee shall also be entitled to four (4)
                  weeks vacation time during each calendar year. The dates of
                  vacation time are subject to Company approval.

         4. Duties. During the term of this Agreement, Employee shall serve the
Company in the position of Executive Vice President of Business Development and
shall perform such duties as is consistent with that position, and as may be
delegated or assigned to him from time to time by the Company.

         5. Extent of Services. The Employee shall devote his full ability,
attention and energy to the Company's business during the term of this Agreement
and the necessary time required to conduct the Company's business.

         6. Expenses. Employee is authorized to incur reasonable expenses in
promoting the business of the Company and will be reimbursed by the Company for
approved expenses in accordance with the Company's normal practice upon
submission of required documentation.

         7.Office: The Company and the Employee agree that the Employee, if the
Employee's principal residence is in a city other than Houston, Texas, the
Employee, at the Employee's option, may choose to office at a location other
than the Company's designated office location, and that the Company shall not be
obligated to compensate or reimburse Employee for any travel or office expenses
(including rent) which arise from the Employee's decision to office in a
location other than the Company designated office location.

         8. Termination. This Agreement may be terminated in accordance with any
one of the following provisions:

         (a)      Voluntary. Employee may terminate this Agreement at any time
                  during the term of this Agreement by giving thirty (30) days
                  written notice of termination to the Company

         (b)      Death and Disability. If Employee should die or become 100%
                  physically disabled to work or perform his duties, the salary
                  due at that time shall continue for a period of three months
                  time and any unvested portions of all stock options shall vest
                  in full.

         9. Severance. The Company can terminate this Agreement by giving
Employee thirty (30) days written notice, but only in the event the Employee's
conduct constitutes gross misfeasance, nonfeasance, and/or malfeasance. This
termination notification will only be issued after consideration by and approval
of the Board of Directors.

         10. Non-Competition and Confidentiality Agreement

                  (a)      Purpose: In connection with the limited protection
                           afforded the Company by the covenants contained in
                           this Paragraph, Employee

<PAGE>

Employment Agreement - EnerTeck Chemical Corporation and V. Patrick Keating
Page 3 of 6

                           recognizes and acknowledges that the Company's need
                           for the following covenants is base upon: (i) The
                           Company has expended and will expend substantial
                           time, money and effort in developing concepts,
                           products and technology in its lines of business and
                           valuable lists of customers and information relating
                           to its business requirements, needs, patterns and
                           procedures; (ii) Employee in the course of
                           employment, will be entrusted with and exposed to the
                           Company's trade secrets and other proprietary and
                           confidential information; (iii) The Company, during
                           the term of this Agreement and thereafter, will be
                           engaged in a highly competitive industry in which
                           many firms, including the Company compete; (iv)
                           Employee could by utilizing the trade secrets or
                           other proprietary and confidential information owned
                           by the Company, become a competitor or be employed by
                           or otherwise assist a competitor; and (v) the Company
                           will suffer great loss if Employee were to terminate
                           this Agreement and thereafter enter, directly or
                           indirectly, into competition with the Company.

                  (b)      Non-Competition Agreement. During the term of
                           employee's employment with the Company and for a
                           period to two (2) years thereafter, as part
                           consideration for the above referenced options, if
                           any, Employee agrees not to, directly or indirectly,
                           acting alone or in conjunction with others, except
                           with the express written permission of the Company
                           secured in advance:

                           (i)      invest, own (in whole or in part) be
                                    employed by, consult with, be a stockholder,
                                    officer, director, partner or representative
                                    of, or engage in any business which designs,
                                    manufactures, uses or sells, technology or
                                    conducts any business in direct competition
                                    with the Company or any of its subsidiaries
                                    or affiliates during the term hereof:

                           (ii)     solicit or contact customers of the Company
                                    for purposes other than the business of the
                                    Company:

                           (iii)    solicit, canvas or accept, or transact any
                                    other business in the same lines of business
                                    as Company:

                           (iv)     induce or attempt to influence any employee
                                    of Company to terminate his or her
                                    employment; or

                           (v)      disparage by word, action or otherwise the
                                    business reputation of the Company.

                  (c)      Confidentiality Agreement. During the term of this
                           Agreement and following the termination hereof, and
                           for a period of five years thereafter the Employee
                           agrees not to disclose or make any use, for his own
                           benefit or for the benefit of a business or entity
                           other than the Company or its subsidiaries or
                           affiliates of any information or data of or
                           pertaining to the Company, its business and financial
                           affairs, or its products or services which is treated
                           as confidential by the Company and is not generally
                           known within its trade, which was acquired by
                           Employee during his affiliation with the Company.

                  (d)      Independent Agreement. All agreements made in this
                           Paragraph shall be construed as agreements
                           independent of any other provision herein, and the
                           existence of any claim, cause of action or defense of

<PAGE>

Employment Agreement - EnerTeck Chemical Corporation and V. Patrick Keating
Page 4 of 6

                           Employee as against the Company predicated on this
                           Agreement, or otherwise, shall not constitute a
                           defense to the Company's enforcement of such
                           agreement. The covenants and agreements of Employee
                           contained herein shall survive the termination or
                           expiration of this Agreement.

                  (e)      Equitable Remedies. Employee further acknowledges and
                           understands that his services are of a special and
                           unique nature, therefore the breach of this agreement
                           cannot be adequately or accurately compensated for in
                           damages by an action at law, and that the breach or
                           threatened breach of any provisions of this agreement
                           would cause the Company irreparable harm. In the
                           event of any such breach, Employee agrees that the
                           Company shall be entitled, as a matter of right, to
                           injunctive and other equitable relief, without
                           waiving any other rights which it may have to damages
                           or otherwise under this Agreement.

                  (f)      Nature of Restrictions. Employee hereby specifically
                           acknowledges and agrees that the temporal and other
                           restrictions contained in this Paragraph are
                           reasonable and necessary to protect the business and
                           prospects of the Company, and that the enforcement of
                           the provisions of this Paragraph will not work an
                           undue hardship on him.

                  (g)      Survival. Employee further agrees, in the event that
                           any provision of this Paragraph is held to be invalid
                           or against public policy, the remaining provisions of
                           this Paragraph and the remainder of this Agreement
                           shall not be affected thereby.

         11. Inventions and Patents. Employee agrees that any inventions,
designs, improvements, and/or discoveries made by Employee during the term of
his employment solely or jointly with others, which (i) are made directly or
indirectly using the Company's equipment, supplies, facilities, trade secrets,
or time (ii) related at the time of conception or reduction to practice of the
business of the Company and/or the Company's actual or anticipated research and
development, or (iii) result from any work performed by Employee for the
Company, shall be the exclusive property of the Company. Employee agrees that he
will promptly and fully inform and disclose to the Company all such inventions,
designs, improvements, and discoveries, and Employee promises to assign such
inventions to the Company. Employee also agrees that the Company shall have the
right to keep such inventions as trade secrets, if the Company chooses. Employee
shall assist the Company in obtaining patents in the United States and in all
foreign countries on all inventions, design, improvements, and discoveries
deemed patentable by the Company and shall execute all documents and do all
things necessary to obtain Letters Patents to vest the Company with full and
extensive titles to the patents and will assist the Company to protect the
patents against infringement by others. For purposes of this Paragraph, an
invention is presumed if it relates at the time of conception or reduction to
practice of the business of the Company or the Company's actual or anticipated
research or development during the period of Employee's employment. It is to be
understood that specifically excluded from the above ownership or

<PAGE>

Employment Agreement - EnerTeck Chemical Corporation and V. Patrick Keating
Page 5 of 6

governance by the Company are Employee's ownership and inventive concepts,
related to Employee's equity interest in WaxTech International, Inc., a Texas
corporation engaged in the businesses of wax and chemical manufacturing and
marketing, intellectual property development, international business
development, agricultural products, and crude oil refining. The above exception
is only applicable if the WaxTech activities are not in competition with those
activities of EnerTeck Chemical Corporation. Any and all WaxTech activities that
precede the Effective Date of this Agreement are expressly the exclusive
property of WaxTech and are excluded from any ownership or governance of the
Company.

          12. Indemnification of Officers and Employees. The Company shall
indemnify, protect and hold Employee harmless from any and all claims and legal
actions against the Company including but not limited to product liability
claims, shareholder or government claims, fines, penalties, or legal actions; or
any other tort or action against the Employee as a result of Employee's
employment by Company. Company does not presently carry officer and director
liability insurance, but will purchase such insurance commensurate with the
business(es) undertaken by the Company when cash flow is sufficient to pay the
premiums therefor.

          13. Notices. Any notices, demands, or requests provided for, required
or permitted to be given pursuant to this Agreement shall be deemed to have been
properly given if in writing and given to the party personally or if it is sent
by registered mail, postage prepaid, to the following addresses:

         TO EMPLOYEE:                           TO THE COMPANY:

          V.  Patrick Keating                   EnerTeck Chemical Corporation
          403 Briar Park                        10701 Corporate Dr 293
          Houston, Texas 77042                  Stafford, TX 77477

          14. Entire Agreement. This Agreement contains the entire agreement of
the parties hereto relative to the subject matter hereof and supersedes any
prior negotiations or agreements between the parties.

          15. Benefit. This Agreement shall bind and inure to the benefit of the
parties, their successors, assigns, heirs and personal representatives.

          16. Assignment. This Agreement is personal in nature to the Employee
and shall not be assignable or delegable voluntarily or by operation of law or
otherwise by the Employee, without the consent of the Company.

          17. Amendment. This Agreement shall not be changed, modified,
supplemented or amended, in whole or in part except by an instrument in writing
signed by the parties hereto or their respective successors or assigns, or
otherwise as provided herein.

<PAGE>

Employment Agreement - EnerTeck Chemical Corporation and V. Patrick Keating
Page 6 of 6

         18. Severability. In the event that any one or more of the provisions
of this Agreement are for any reason, held to be illegal, invalid, or
unenforceable under present or future laws during the term hereof, such
provision shall be fully severable and this Agreement and each separate
provision hereof shall be construed and enforced as if such illegal, invalid, or
unenforceable provision had never comprised a part of this Agreement and the
remaining provisions of this Agreement shall remain in full force and effect and
shall not be affected by the illegal, invalid, or unenforceable provision or by
its severance from this Agreement.

         19.Applicable Law. Any controversy or claim arising out of or relating
to this Agreement, or the breach thereof, shall be settled any applicable Court
of Law presiding in Harris County, Texas, United States. In respect to any such
legal proceedings, the prevailing party shall be entitled to receive, in
addition to any other remedy, all costs and expenses incurred in such
proceedings, including reasonable attorney's fees.

IN WITNESS WHEREOF the parties have executed this Agreement on the day and year
as noted.

EnerTeck Chemical Corporation                            EMPLOYEE

By:  s/s                                     s/s
     ----------------------------            -----------------------------------
Dwaine D. Reese                              V. Patrick Keating
Chairman and COO

Date: 3/24/03                                Date: 7/25/03
      -------                                      --------EMPLOYMENT AGREEMENT

                                     Between

                            GOLD BOND RESOURCES, INC.

                                       And

                              LEON VAN KRAAYENBURG

         This Employment Agreement (the "Agreement") is made and entered into to
be effective the 1st day of August,  2003 (The "Effective  Date") by and between
Gold Bond  Resources,  Inc., a Texas  corporation,  (the "Company") and Leon van
Kraayenburg ("Employee").

WITNESSETH:

         WHEREAS,  Employee is an  experienced  professional  whose  educational
background,  experience, skill and expertise in the field of corporate financial
accounting,finance,  statutory reporting,  taxes,  administration and management
and the like render him valuable to the Company as an employee,

         WHEREAS,  the Company  desires to employ the  Employee and the Employee
desires to be employed by the Company; and

         WHEREAS,  Employee  and the  Company  desire to set forth the terms and
conditions of Employee's employment with the Company.

         NOW,  THEREFORE,  and in  consideration of the promises and of the full
and faithful  performance of the respective  agreements  herein  contained,  the
parties hereto do mutually covenant and agree with each other as follows:

         1. EMPLOYMENT.  The Company agrees to employ Employee as Executive Vice
President-Finance,  Chief Financial  Officer and Treasurer and Employee  accepts
such  employment  upon the terms  and  conditions  hereinafter  set  forth.  The
Employee shall report directly to the Board of Directors.

         2.  TERM.  The term of this  Agreement  shall be for a period of twenty
four (24) months from the Effective Date.

         3. COMPENSATION

                  (a) Special  Stock  Warrants.  The Company  agrees to issue to
Employee  warrants  to purchase  2,000,000  shares of the  Company's  restricted
common stock at a purchase price of $.12 per share (or 200,000 shares at a price
of $1.20 per share after the Company's  intended one for 10 common stock reverse
split).  Said  warrants are to be subject to a separate  warrant  agreement  and
considered  earned upon the execution of this agreement.  Said warrant agreement
shall include a provision  requiring the Company to register with the Securities
and Exchange  Commission the shares underlying the warrants.
                  (b) Stock Options.  The Company  intends to create an Employee
Stock Option Plan. Accordingly, in addition to the provision in item 3(a) above,

<PAGE>

the Employee  will be granted  options to purchase  common  shares of Company in
accordance with said Employee Stock Option Plan.

         4. DUTIES. During the term of this Agreement,  Employee shall serve the
Company in the positions as indicated  above and shall perform such duties as is
consistent with these positions, and as may be delegated or assigned to him from
time to time by the Board of Directors.

         5. EXTENT OF SERVICES.  The Employee shall devote  substantially all of
his working time,  attention and energy during normal business hours (other than
absences due to illness or vacation)  to the  performance  of his duties for the
Company.

         6.  EXPENSES.  Employee is authorized to incur  reasonable  expenses in
promoting  the business of the Company and will be reimbursed by the Company for
approved  expenses  in  accordance  with  the  Company's  normal  practice  upon
submission of required documentation.

         7. OFFICE:  The Company and the Employee agree that the principal place
of employment
of the  Employee  shall  be at  the  Company's  principal  employee  offices  in
Stafford,  Texas or such other  place as the Board of  Directors  of the Company
(the "Board") may determine.

         8.  TERMINATION.  The Employee's  employment  hereunder shall terminate
upon the expiration of the Term and may be terminated  during the Term under the
following circumstances:
     (a) Death. Employee's employment hereunder shall terminate upon his death.
     (b) Disability. If, as a result of Employee's incapacity due to physical or
mental  illness,  Employee shall have been  substantially  unable to perform his
duties  hereunder for an entire period of four (4) months or more during any six
(6) consecutive  month period,  and within thirty (30) days after written Notice
of Termination is given after such six (6) month period, Employee shall not have
returned to the substantial  performance of his duties on a fulltime basis,  the
Company shall have the right to terminate  Employee's  employment  hereunder for
"Disability",  and such  termination in and of itself shall not be, nor shall it
be deemed to be, a breach of this Agreement.
     (c)  Cause.  The  Company  shall  have the  right to  terminate  Employee's
employment  for Cause,  and such  termination in and of itself shall not be, nor
shall it be deemed  to be, a breach  of this  Agreement.  For  purposes  of this
Agreement,  "Cause" to terminate Employee's  employment shall include but not be
limited to the Employee's:
          (i) Conviction of, or plea of guilty or nolo  contendere to, a felony;
or
         (ii) Continued  failure to use reasonable best efforts to substantially
perform his duties hereunder (other than such failure  resulting from Employee's
incapacity  due to physical or mental illness or subsequent to the issuance of a
Notice of Termination by Employee for Good Reason) after demand for  substantial
performance is delivered by the Company in writing that specifically  identifies
the manner in which the Company  believes  Employee has not used reasonable best
efforts to substantially perform his duties; or
          (iii)  Misconduct  (including,  but not  limited  to, a breach  of the
provisions  of  Section  9) that is  materially  economically  injurious  to the
Company or to any entity in control of,  controlled  by or under common  control
with the Company ("Affiliates").
     (d) Good Reason.  Employee may terminate his  employment  for "Good Reason"
within one hundred and twenty (120) days after Employee has actual  knowledge of
the occurrence, without the written consent of Employee, of one of the following
events  that has not been cured  within  thirty (30) days after  written  notice
thereof has been given by Employee to the Company:

<PAGE>

          (i) A reduction by the Company in Employee's  Base Salary or a failure
by the Company to pay any such  amounts when due;
          (ii) The  Company's
failure to provide  the  benefits  set forth in Section 3 or the  failure of the
Company to  substantially  provide  any  material  employee  benefits  due to be
provided to  Employee  (other than any such  failure not  inconsistent  with any
express  provisions  contained herein which failure affects all senior executive
officers); or
         (iii) The  Company's  failure to provide in all  material  respects the
indemnification  set forth in Section 11 of this Agreement.  Employee's right to
terminate his employment  hereunder for Good Reason shall not be affected by his
incapacity due to physical or mental illness.  Employee's  continued  employment
during the one  hundred  and twenty  (120) day period  referred to above in this
paragraph  (d)  shall not  constitute  consent  to,  or a waiver of rights  with
respect to, any act or failure to act constituting Good Reason hereunder.
     (e) Without Cause. The Company shall have the right to terminate Employee's
employment  hereunder  without  Cause by  providing  Employee  with a Notice  of
Termination thirty (30) days prior to the date of termination of employment, and
such termination  shall not in and of itself be, nor shall it be deemed to be, a
breach of this Agreement.
     (f) Without Good  Reason.  Employee  shall have the right to terminate  his
employment  hereunder without Good Reason by providing the Company with a Notice
of Termination  thirty (30) days prior to the date of termination of employment,
and such  termination  shall not in and of itself  be, nor shall it be deemed to
be, a breach of this Agreement.

         9. NON-COMPETITION, CONFIDENTIALITY AGREEMENT AND REMOVAL OF DOCUMENTS.

      (a)  Purpose:  In  connection  with the limited  protection  afforded  the
Company by the covenants  contained in this Paragraph,  Employee  recognizes and
acknowledges that the Company's need for the following  covenants is based upon:
(i) The Company has expended and will expend  substantial time, money and effort
in  developing  concepts,  products and  technology in its lines of business and
valuable   lists  of  customers  and   information   relating  to  its  business
requirements,  needs,  patterns and  procedures;  (ii) Employee in the course of
employment,  will be entrusted  with and exposed to the Company's  trade secrets
and other proprietary and confidential  information;  (iii) The Company,  during
the  term  of  this  Agreement  and  thereafter,  will be  engaged  in a  highly
competitive  industry in which many firms,  including the Company compete;  (iv)
Employee  could  by  utilizing  the  trade  secrets  or  other  proprietary  and
confidential  information  owned  by the  Company,  become  a  competitor  or be
employed by or otherwise  assist a  competitor;  and (v) the Company will suffer
great loss if Employee were to terminate this  Agreement and  thereafter  enter,
directly or indirectly, into competition with the Company.

     (b)  Non-Competition  Agreement.  While the  Employee  is  employed  by the
Company  and  for a  period  to  two  (2)  years  thereafter,  as  part  of  the
consideration  for the compensation  described in paragraph 3, above,,  Employee
agrees not to,  directly or  indirectly,  acting  alone or in  conjunction  with
others,  except with the express  written  permission of the Company  secured in
advance:

         (i) invest,  own (in whole or in part) be employed by, consult with, be
         a stockholder,  officer,  director,  partner or  representative  of, or
         engage in any  business  which  designs,  manufactures,  uses or sells,
         technology  or conducts  any  business in direct  competition  with the
         Company  or any of its  subsidiaries  or  affiliates  during  the  term
         hereof;
         (ii) solicit or contact  customers  of the Company for  purposes  other
         than the business of the Company;
         (iii) solicit,  canvas or accept, or transact any other business in the
         same lines of business as Company;  (iv) induce or attempt to influence
         any employee of Company to terminate his or her employment; or
         (v) disparage by word,  action or otherwise the business  reputation of
         the Company.

<PAGE>

    (c)  Confidentiality  Agreement.  During  the  term  of this  Agreement  and
following the termination  hereof, and for a period of five years thereafter the
Employee  agrees not to disclose or make any use, for his own benefit or for the
benefit of a business or entity  other than the Company or its  subsidiaries  or
affiliates  of any  information  or data of or  pertaining  to the Company,  its
business and financial affairs,  or its products or services which is treated as
confidential by the Company and is not generally  known within its trade,  which
was acquired by Employee during his affiliation with the Company.

     (d) Removal of Documents:  Rights to Product. All records, files, drawings,
documents,  models,  equipment, and the like relating to the Company's business,
which Employee has control over shall not be removed from the Company's premises
without its written  consent,  unless such removal is in the  furtherance of the
Company's  business or is in connection with Employee's  carrying out his duties
under this  Agreement  and,  if so  removed,  shall be  returned  to the Company
promptly after  termination of Employee's  employment  thereunder,  or otherwise
promptly  after  removal  if  such  removal  occurs  following   termination  of
employment. Employee shall assign to the Company all rights to trade secrets and
other products relating to the Company's  business  developed by him alone or in
conjunction with others at any time while employed by the Company.

     (e)Independent  Agreement.  All agreements  made in this Paragraph shall be
construed as  agreements  independent  of any other  provision  herein,  and the
existence  of any claim,  cause of action or defense of  Employee as against the
Company  predicated  on this  Agreement,  or otherwise,  shall not  constitute a
defense to the  Company's  enforcement  of such  agreement.  The  covenants  and
agreements  of  Employee  contained  herein  shall  survive the  termination  or
expiration of this Agreement.
     (f) Equitable Remedies.  Employee further acknowledges and understands that
his services are of a special and unique  nature,  therefore  the breach of this
agreement  cannot be adequately or accurately  compensated  for in damages by an
action at law, and that the breach or  threatened  breach of any  provisions  of
this  agreement  would cause the Company  irreparable  harm. In the event of any
such breach,  Employee agrees that the Company shall be entitled, as a matter of
right,  to injunctive  and other  equitable  relief,  without  waiving any other
rights which it may have to damages or otherwise under this Agreement.
     (g) Nature of Restrictions.  Employee hereby specifically  acknowledges and
agrees that the temporal and other restrictions  contained in this Paragraph are
reasonable  and  necessary to protect the business and prospects of the Company,
and that the  enforcement  of the  provisions of this Paragraph will not work an
undue hardship on him.
      (h) Survival.  Employee further agrees, in the event that any provision of
this  Paragraph is held to be invalid or against  public  policy,  the remaining
provisions of this  Paragraph and the remainder of this  Agreement  shall not be
affected thereby.

<PAGE>

         10.  INVENTIONS  AND  PATENTS.  Employee  agrees  that any  inventions,
designs,  improvements,  and/or  discoveries made by Employee during the term of
his  employment  solely or jointly with others,  which (i) are made  directly or
indirectly using the Company's equipment,  supplies,  facilities, trade secrets,
or time (ii) related at the time of  conception  or reduction to practice of the
business of the Company and/or the Company's actual or anticipated  research and
development,  or (iii)  result  from  any work  performed  by  Employee  for the
Company, shall be the exclusive property of the Company. Employee agrees that he
will promptly and fully inform and disclose to the Company all such  inventions,
designs,  improvements,  and discoveries,  and Employee  promises to assign such
inventions to the Company.  Employee also agrees that the Company shall have the
right to keep such inventions as trade secrets, if the Company chooses. Employee
shall  assist the Company in obtaining  patents in the United  States and in all
foreign  countries on all  inventions,  design,  improvements,  and  discoveries
deemed  patentable  by the Company and shall  execute all  documents  and do all
things  necessary  to obtain  Letters  Patents to vest the Company with full and
extensive  titles to the  patents  and will  assist the  Company to protect  the
patents  against  infringement  by others.  For purposes of this  Paragraph,  an
invention  is presumed if it relates at the time of  conception  or reduction to
practice of the business of the Company or the Company's  actual or  anticipated
research or development during the period of Employee's employment.

          11.  INDEMNIFICATION  OF OFFICERS  AND  EMPLOYEES.  The Company  shall
indemnify,  protect and hold Employee harmless,  to the fullest extent permitted
by Texas law and the Company's certificate of incorporation, as amended, and its
by-laws, from any and all claims and legal actions against the Company including
but not limited to product liability claims,  shareholder or government  claims,
fines,  penalties,  or legal  actions;  or any other tort or action  against the
Employee  as a result of  Employee's  employment  by Company.  Company  does not
presently maintain officer and director  liability  insurance.  However,  if the
Company does obtain such  coverage in the future,  the Company will  immediately
cause said Employee to be covered by said insurance.
          12. NOTICES. Any notices,  demands, or requests provided for, required
or permitted to be given pursuant to this Agreement shall be deemed to have been
properly given if in writing and given to the party  personally or if it is sent
by registered mail, postage prepaid, to the following addresses:

         TO EMPLOYEE:                       TO THE COMPANY:

         Leon van Kraayenburg               Gold Bond Resources, Inc.
         14826 Cedar Point Drive            10701 Corporate Drive, Suite 150
         Houston, Texas 77070               Stafford, TX 77477

          13. ENTIRE AGREEMENT.  This Agreement contains the entire agreement of
the parties  hereto  relative to the subject  matter hereof and  supersedes  any
prior negotiations or agreements between the parties.

          14. BENEFIT. This Agreement shall bind and inure to the benefit of the
parties, their successors, assigns, heirs and personal representatives.

          15.  ASSIGNMENT.  This Agreement is personal in nature to the Employee
and shall not be assignable or delegable  voluntarily  or by operation of law or
otherwise by the Employee, without the consent of the Company.

<PAGE>

          16.  AMENDMENT.  This  Agreement  shall  not  be  changed,   modified,
supplemented or amended,  in whole or in part except by an instrument in writing
signed by the parties  hereto or their  respective  successors  or  assigns,  or
otherwise as provided herein.

         17.  SEVERABILITY.  In the event that any one or more of the provisions
of  this  Agreement  are  for  any  reason,  held  to be  illegal,  invalid,  or
unenforceable  under  present  or  future  laws  during  the term  hereof,  such
provision  shall  be  fully  severable  and this  Agreement  and  each  separate
provision hereof shall be construed and enforced as if such illegal, invalid, or
unenforceable  provision  had never  comprised a part of this  Agreement and the
remaining provisions of this Agreement shall remain in full force and effect and
shall not be affected by the illegal,  invalid, or unenforceable provision or by
its severance from this Agreement.

         18.APPLICABLE  LAW. Any controversy or claim arising out of or relating
to this Agreement,  or the breach thereof, shall be settled any applicable Court
of Law presiding in Harris County,  Texas, United States. In respect to any such
legal  proceedings,  the  prevailing  party shall be  entitled  to  receive,  in
addition  to  any  other  remedy,  all  costs  and  expenses  incurred  in  such
proceedings, including reasonable attorney's fees.

IN WITNESS  WHEREOF the parties have executed this Agreement on the day and year
as noted.

Gold Bond Resources, Inc.                       EMPLOYEE

By: /S/                                        By:/S/
    ----------------------------                 -----------------------------
Parrish Ketchmark
President                                      Leon van Kraayenburg

Date: August 1, 2003                           Date: August 1, 2003

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00056-of-00352.parquet"}]]