Document:

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                                                                   EXHIBIT
                                                                   4.17

                               EMPLOYEE RESTRICTED
                                 STOCK PURCHASE
                                    AGREEMENT

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EXHIBIT

4.17

                            EMPLOYEE RESTRICTED STOCK
                               PURCHASE AGREEMENT

                INTERNATIONAL BIOFUEL AND BIOCHEMICAL CORPORATION

                  EMPLOYEE RESTRICTED STOCK PURCHASE AGREEMENT

This Agreement is made as of the 1st day of January, by and between
International Biofuel and Biochemical Corporation, a Pennsylvania corporation
(the "Corporation"), and the employees listed on Schedule I attached hereto
(collectively "Purchasers").

In consideration of the mutual covenants and representations set forth herein,
the Corporation and the Purchasers agree as follows:

1. Purchase and Sale of Stock.

(a) Subject to the terms and conditions of this Agreement, the Corporation
hereby agrees to sell to Purchasers and Purchasers agrees to purchase from the
Corporation on the Closing Date (as herein defined), the number of shares of the
Corporation's Common Stock (the "Stock") set opposite their respective names on
Schedule I attached hereto at a price of $0.28 per share, for an aggregate
purchase price of $308,000 for the Purchaser's. The purchase price for the Stock
shall be paid in cash or, if permitted by the Corporation, by the performance of
employment services already performed or to be performed.

(b) Upon the occurrence of a default by any Purchaser in the payment or
performance of the employment duties or the termination of his or her employment
for cause, the Corporation shall be entitled to immediate possession of the
Stock of the defaulting or terminated Purchaser and all rights and remedies of a
secured party under the Commercial Code of the State of Connecticut.

2. Closing. The purchase and sale of the Stock shall occur at a Closing to be
held at such time and place (the "Closing Date"), as designated by the
Corporation by written notice to each of the Purchasers of at least one (1)
business day prior to the Closing Date. The Closing will take place at the
principal office of the Corporation or at such other place as shall be
designated by the Corporation. At the Closing, each Purchaser shall deliver to
the Corporation a check in the amount of the purchase price payable to the order
of the Corporation and/or, if the consideration is to be paid in employment
services by any Purchaser, the Corporation and each such Purchaser shall agree
on the value of employment services already performed and the value of and term
length of services to performed, and the Corporation will issue, as promptly
thereafter as practicable, certificates representing the Stock registered in the
name of each such Purchaser.

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3. Purchase Option.

(a) All of the Stock shall be subject to the right and option of the Corporation
to repurchase the Stock (the "Purchase Option") as set forth in this Section 3.
In the event Purchaser shall cease to be employed by the Corporation before
completion of any Purchaser's employment term with the Corporation (including a
parent or subsidiary of the Corporation) for any reason, or no reason, with or
without cause, excluding, death or temporary or permanent disability (the
"Termination"), the Purchase Option shall come into effect. Following a
Termination, the Corporation shall have the right, as provided in subparagraph
(b) hereof, to purchase from the terminated Purchaser or his or her personal
representative, as the case may be, at the purchase price per share originally
paid as set forth in Section 1 hereof (the "Option Price"), a portion of the
Stock computed as follows:

(i) If the Termination of any Purchaser giving rise to the right to exercise the
Purchase Option for his or her shares of Stock occurs on or prior to April 30,
2001 (the "Commencement Date"), the Purchase Option shall apply to 100% of the
Stock of the terminated Purchaser.

(ii) If the Termination of any Purchaser giving rise to the right to exercise
the Purchase Option occurs after the Commencement Date, the Purchase Option
shall apply to that portion of the terminated Purchaser's Stock which is a
fraction of 100% of the Stock, the numerator of which shall be a number equal to
61 minus the total number of calendar days elapsed from the Closing Date to the
date of Termination, and the denominator of which shall be 61.

(b) Within 90 days following a Termination, the Corporation shall notify the
terminated Purchaser by written notice delivered or mailed as provided in
subparagraph 9(c), as to whether it wishes to purchase the Stock pursuant to
exercise of the Purchase Option. If the Corporation (or its assignee) elects to
purchase the Stock hereunder, it shall set a date for the closing of the
transaction at a place and time specified by the Corporation, or, at
Corporation's option, such closing may be consummated by mail as provided in
Section 9(c) hereof. At such closing, the Corporation (or its assignee) shall
tender payment for the Stock and the certificates representing the Stock so
purchased shall be cancelled. The Option Price shall be payable, at the option
of the Corporation, by deducting the value of employment service not performed
or by cancellation of all or any outstanding indebtedness of Purchaser to the
Corporation or in cash or by check.

4. Stock Splits, etc. If, from time to time during the term of this Agreement:
(a) There is any stock dividend or liquidating dividend of cash and/or property,
stock split or other change in the character or amount of any of the outstanding
securities of the Corporation; or

(b) There is any consolidation, merger or sale of all, or substantially all, of
the assets of the Corporation; then, in such event, any and all new, substituted
or additional securities or other property to which each Purchaser is entitled
by reason of his ownership of Stock shall be immediately subject to this
Agreement and be included in the word "Stock" for all purposes with the same
force and effect as the shares of Stock presently subject to the Purchase
Option, right of first refusal and other terms of this Agreement. While the
aggregate Option Price shall remain the same after each such event, the Option
Price per share of Stock upon execution of the Purchase Option shall be
appropriately adjusted.

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5. Restriction on Transfer; Right of First Refusal.

(a) Each Purchaser agrees he or she shall not sell, transfer, pledge,
hypothecate or otherwise dispose of any shares of the Stock owned by him or her
which remain subject to the Purchase Option.

(b) Before any shares of Stock registered in the name of any Purchaser that are
no longer subject to the Purchase Option may be sold or transferred (including
transfer by operation of law), such shares shall first be offered to the
Corporation in accordance with the following terms and conditions:

(i) Each Purchaser who intends to sell or transfer his or her shares shall
deliver a notice (the "Notice") to the Corporation stating (A) his or her bona
fide intention to sell or transfer such shares, (B) the number of such shares to
be sold or transferred, (C) the price for which he or she proposes to sell or
transfer such shares, and (D) the name of the proposed purchaser or transferee.

(ii) Within thirty (30) days after receipt of the Notice from any Purchaser, the
Corporation or its assignee may elect to purchase any or all shares to which the
Notice refers, at the price per share specified in the Notice.

(iii) If all of the shares to which the Notice refers are not elected to be
purchased as provided in subparagraph 5(b)(ii) hereof, such Purchaser may sell
the remaining shares to any person named in the Notice at the price specified in
the Notice or at a higher price, provided that such sale or transfer is
consummated within 60 days of the date of said Notice to the Corporation, and,
provided further, that any such sale is in accordance with all the terms and
conditions hereof.

The provisions of this Section 5 shall terminate on (i) the effective date of a
registration statement filed by the Corporation under the Securities Act of
1933, as amended (the "Act"), with respect to any public offering of Common
Stock of the Corporation or (ii) the closing date of a sale of assets or merger
of the Corporation pursuant to which shareholders of this Corporation receive
securities of a buyer whose shares are publicly traded. The provisions of this
Section 5 shall not apply to a transfer of any shares of Stock by any Purchaser,
either during his or her lifetime or on death by will or intestacy to his or her
ancestors, descendants or spouse, or any custodian or trustee for the account of
such Purchaser or such Purchaser's ancestors, descendants or spouse, provided,
in each such case, a transferee shall receive and hold such shares subject to
the provisions of this Section 5 and there shall be no further transfer of such
shares in accordance herewith.

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The Corporation shall not be required (i) to transfer on its books any shares of
Stock which shall have been sold or transferred by any Purchaser in violation of
any of the provisions set forth in this Agreement, or (ii) to treat as owner of
such shares or to accord the right to vote as such owner or to pay dividends to
any transferee to whom such shares shall have been so transferred.

6. Legends. All certificates representing any of the shares of Stock subject to
the provisions of this Agreement shall have endorsed thereon the following
legends:

(a) "THE SHARES REPRESENTED BY THIS CERTIFICATION ARE SUBJECT TO CERTAIN
RESTRICTIONS UPON TRANSFER, RIGHT OF REPURCHASE AND RIGHT OF FIRST REFUSAL AS
SET FORTH IN AN AGREEMENT BETWEEN THE CORPORATION AND THE REGISTERED HOLDER, A
COPY OF WHICH IS ON FILE AT THE PRINCIPAL OFFICE OF THE CORPORATION."

(b) "THESE SECURITIES HAVE NOT BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933.
THEY MAY NOT BE SOLD, OFFERED FOR SALE, PLEDGED OR HYPOTHECATED IN THE ABSENCE
OF AN EFFECTIVE REGISTRATION STATEMENT AS TO THE SECURITIES UNDER SAID ACT OR AN
OPINION OF COUNSEL SATISFACTORY TO THE CORPORATION THAT SUCH REGISTRATION IS NOT
REQUIRED."

(c) Any legend required to be placed thereon by applicable securities laws of
any state.

7. Purchasers' Representations. In connection with his purchase of the Stock,
each of the Purchasers hereby represents and warrants to the Corporation as
follows:

(a) Investment Intent; Capacity to Protect Interests. He or she is purchasing
the Stock solely for his or her own account for investment and not with a view
to or for sale in connection with any distribution of the Stock or any portion
thereof and not with any present intention of selling, offering to sell or
otherwise disposing of or distributing the Stock or any portion thereof in any
transaction other than a transaction exempt from registration under the Act. The
Purchaser also represents that the entire legal and beneficial interests of the
Stock is being purchased, and will be held, for the Purchaser's account only,
and neither in whole nor in part for any other person. Purchaser either has a
preexisting business or personal relationship with the Corporation or any of its
officers, directors or controlling persons or by reason of his or her business
or financial experience or the business or financial experience of his or her
professional advisors who are unaffiliated with and who are not compensated by
the Corporation or any affiliate or selling agent of the Corporation, directly
or indirectly, could be reasonably assumed to have the capacity to evaluate the
merits and risks of an investment in the Corporation and to protect his or her
own interests in connection with this transaction.

(b) Residence. Each of the Purchaser's principal residence is located at the
address indicated beneath the Purchaser's signature below.

(c) Information Concerning Corporation. Each of the Purchasers has heretofore
discussed the Corporation and its plans, operations and financial condition with
the Corporation's officers and has heretofore received all such information as
each of the Purchasers has deemed necessary and appropriate to enable him or her
to evaluate the financial risk inherent in making an investment in the Stock,
and he or she has received satisfactory and complete information concerning the
business and financial condition of the Corporation in response to all inquiries
in respect thereof.

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(d) Economic Risk. Each Purchaser realizes that the purchase of the Stock will
be a highly speculative investment and involves a high degree of risk, and he or
she is able, without impairing his or her financial condition, to hold the Stock
for an indefinite period of time and suffer a complete loss on his or her
investment.

(e) Restricted Securities. Each Purchaser understands and acknowledges that:

(i) the sale of the Stock has not been registered under the Act, the Stock must
be held indefinitely unless subsequently registered under the Act or an
exemption from such registration is available and the Corporation is under no
obligation to register the Stock;

(ii) the share certificate representing his or her Stock will be stamped with
the legends specified in Section 6 hereof; and

(iii) the Corporation will make a notation in its records of the aforementioned
restrictions on transfer and legends.

(f) Disposition of the Stock. Each Purchaser represents that he or she is
familiar with the provisions of Rule 144, promulgated under the Act, which, in
substance, permit limited public sale of "restricted securities" acquired,
directly or indirectly from the issuer thereof, in a nonpublic offering, subject
to the satisfaction of certain conditions. In the event the Corporation is
subject to the reporting requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, as amended (the "Exchange Act"), each Purchaser is subject
to the satisfaction of certain of the conditions specified by Rule 144,
including among other things: (1) the sale being made through a broker in an
unsolicited "broker's transaction" or in transactions directly with a market
maker (as that term is defined under the Exchange Act); and (2), the
availability of certain public information about the Corporation, and the amount
of the Corporation's securities being sold during any three month period not
exceeding the limitations specified in Rule 144(e).

Each Purchaser acknowledges and understands that the shares of stock purchased
hereby may be resold in certain limited circumstances subject to the provisions
of Rule 144, which requires among other things: (1) the resale occurring not
less than one year after the party has purchased, and made full payment for,
within the meaning of Rule 144, the securities to be sold; and, in the case of
an affiliate, or of a nonaffiliate who has held the securities less than two
years, (2) the availability of certain public information about the Company,
(3)the sale being made through a broker in an unsolicited "broker's transaction"
or in transactions directly with a market maker (as that term is defined under
the Exchange Act), and (4) the amount of the Corporation's securities being sold
during any three month period not exceeding the specified limitations stated
therein, if applicable.

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(g) Further Limitations on Disposition. Without in any way limiting Purchasers'
representations set forth above, each Purchaser further agrees that he or she
shall in no event make any disposition of all or any portion of the Stock unless
and until:

(i)(A) There is then in effect a Registration Statement under the Act covering
such proposed disposition and such disposition is made in accordance with said
Registration Statement; or (B)(1) each Purchaser shall have notified the
Corporation of his or proposed disposition and shall have furnished the
Corporation with a detailed statement of the circumstances surrounding the
proposed disposition, (2) each Purchaser shall have furnished the Corporation
with an opinion of the Corporation's counsel to the effect that such disposition
will not require registration of such shares under the Act.

(ii) The shares of Stock proposed to be transferred are no longer subject to the
Purchase Option set forth in Section 3 hereof and the Purchaser shall have
complied with the right of first refusal set forth in Section 5 hereof.

(h) Valuation of Common Stock. Each Purchaser understands that the Stock has
been valued by the board of directors of the Corporation and that the
Corporation believes this valuation represents a fair attempt at reaching an
accurate appraisal of its worth; each Purchaser understands, however, that the
Corporation can give no assurances that such price is in fact the fair market
value of the Stock and that it is possible that, with the benefit of hindsight,
the Internal Revenue Service would successfully assert that the value of the
Common Stock on the date of purchase is greater than so determined.

If the Internal Revenue Service were to succeed in a tax determination that the
Stock received had value greater than that upon which the transaction was based,
the additional value would constitute ordinary income as of the date of its
receipt. The additional taxes (and interest) due would be payable by each
Purchaser, and there is no provision for the Corporation to reimburse each
Purchaser for that tax liability, and each Purchaser assumes all responsibility
for such potential tax liability. In the event such additional value would
represent more than 25 percent of each Purchaser's gross income for the year in
which the value of the shares were taxable, the Internal Revenue Service (the
"I.R.S.") would have six years from the due date for filing the return (or the
actual filing date of the return if filed thereafter) within which to assess
such Purchaser the additional tax and interest which would then be due.

The Corporation would have the benefit, in any such transaction, if a
determination was made prior to the three-year statute of limitations period
affecting the Corporation, of an increase in its deduction for compensation
paid, which would offset its operating profits, or, if not profitable, would
create a net operating loss carry forward arising from operations in that year.

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(i) Section 83(b) Election. Each Purchaser understands that Section 83 of the
Internal Revenue Code of 1986, as amended (the "Code"), taxes as ordinary income
the difference between the amount paid for the Stock and the fair market value
of the Stock as of the date any restrictions on the Stock lapse. In this
context, "restriction" means the right of the Corporation to buy back the stock
pursuant to the Purchase Option. In the event the Corporation has registered its
securities under the Exchange Act, "restriction" with respect to officers,
directors and 10% shareholders also means the six-month period after the Closing
during which such officers, directors and 10% shareholders are subject to suit
under Section 16(b) of the Exchange Act. Each Purchaser understands that if such
provision is applicable to him or her he or she may elect to be taxed at the
time the Stock is purchased rather than when and as the Purchase Option or
six-month Section 16(b) period expires by filing an election under Section 83(b)
of the Code with the I.R.S. within thirty (30) days from the date of purchase.
Even if the fair market value of the Stock equals the amount paid for the Stock,
the election must be made to avoid adverse tax consequences in the future. The
form for making this election will be made available by the Corporation upon
request of any Purchaser. Each Purchaser understands that failure to make this
filing timely will result in the recognition of ordinary income by such
Purchaser, as the Purchase Option lapses, or after the lapse of the six month
Section 16(b) period, on the difference between the purchase price and the fair
market value of the Stock at the time such restrictions lapse. Each Purchaser
further understands that the income tax laws of the State of Connecticut contain
provisions similar to Section 83.

THE PURCHASER ACKNOWLEDGES THAT IT IS THE PURCHASER'S SOLE RESPONSIBILITY AND
NOT THE CORPORATION'S TO FILE TIMELY THE ELECTION UNDER INTERNAL REVENUE CODE
SECTION 83(b) AND UNDER ANY CORRESPONDING PROVISIONS OF STATE TAX LAW, EVEN IF
THE PURCHASER REQUESTS THE CORPORATION OR ITS REPRESENTATIVES TO MAKE THIS
FILING ON THE PURCHASER'S BEHALF.

8. Escrow. Any Purchaser who is to perform employment services in the future. As
security for the faithful performance of the terms of this Agreement and the
Note or Notes and to ensure the availability for delivery of the Purchaser's
Stock upon exercise of the Purchase Option herein provided for, the Purchaser
agrees to deliver to and deposit with the Secretary of the Corporation, or such
other person designated by the Corporation, as escrow agent in this transaction
(the "Escrow Agent"), two Stock Assignments duly endorsed (with date and number
of shares blank) in the form attached hereto as Exhibit __, together with the
certificate or certificates evidencing the Stock; said documents are to be held
by the Escrow Agent and delivered by said Escrow Agent pursuant to the joint
Escrow Instructions of the Corporation and the Purchaser set forth in Exhibit __
attached hereto and incorporated by this reference, which instructions shall
also be delivered to the Escrow Agent at the closing hereunder.

9. Miscellaneous.

(a) Subject to the provisions and limitations hereof, each Purchaser may, during
the term of this Agreement, exercise all rights and privileges of a stockholder
of the Corporation with respect to the Stock deposited in said escrow.

(b) The parties agree to execute such further instruments and to take such
further action as may reasonably be necessary to carry out the intent of this
Agreement.

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(c) Any notice required or permitted hereunder shall be given in writing and
shall be deemed effectively given upon personal delivery or upon deposit in the
United States Post Office, by registered or certified mail with postage and fees
prepaid, addressed to the appropriate Purchaser at his or her address shown on
the Corporation's employment records and to the Corporation at the address of
its principal corporate offices (attention: President) or at such other address
as such party may designate by ten days' advance written notice to the other
party hereto.

(d) The Corporation may assign its rights and delegate its duties under this
Agreement, including paragraphs 3 and 5 hereof. If any such assignment or
delegation requires consent of any state securities authorities, the parties
agree to cooperate in requesting such consent. This Agreement shall inure to the
benefit of the successors and assigns of the Corporation and, subject to the
restrictions on transfer herein set forth, be binding upon each Purchaser, his
or her heirs, executors, administrators, successors and assigns.

(e) Each Purchaser hereby authorizes and directs the Secretary or Transfer Agent
of the Corporation to transfer the Stock as to which the Purchase Option or
right of first refusal has been exercised from Purchaser to the Corporation.

(f) Nothing in this Agreement shall affect in any manner whatsoever the right or
power of the Corporation, or a parent or subsidiary of the Corporation, to
terminate any of the Purchasers' employment, for any reason, with or without
cause.

(g) this Agreement may be signed and delivered in several counterparts and each
counterpart shall be a separate agreement between the Purchaser signing it and
the Corporation.

IN WITNESS WHEREOF, the parties have executed this Agreement on the day and year
first above written.

International Biofuel and Biochemical Corporation

/S/ LEEROY ALLEN, JR.
LeeRoy Allen, Jr., President

/S/ HENRI A. BOHNEN
Henri A. Bohnen

/S/ ASA FISH
Asa Fish

/S/ LEEROY ALLEN, JR.
LeeRoy Allen, Jr.

/S/ HOPE D. TROWBRIDGE
Hope D. Trowbridge

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                                   SCHEDULE I

Employee                            Value of Services         No. Shares
--------                            -----------------         ---------

Henri A. Bohnen                         $56,000                 200,000
Address: P. O. Box 721
Southport, CT  06890

Asa Fish                                $56,000                 200,000
Address: 100 Princeton Street
Bridgeport, CT

LeeRoy Allen, Jr.                       $140,000                500,000
Address:886 N. Cofco Center #1135
Phoenix, AZ  85008

Hope D. Trowbridge                      $56,000                 200,000
Address: 2 Springhill Avenue #17
Norwalk, CT 06850

                                       39<PAGE>

                                                                 EXHIBIT
                                                                 4.18

                              CONSULTING AGREEMENT
                                      WITH
                                MELENTINA PUSZTAY

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Exhibit 4.18

                              CONSULTING AGREEMENT

     This Consulting Agreement ("Agreement") is made and entered into as of the
1st day of January, 2003, by and between International Biofuel and Biochemical
Corporation ("IBBC") ("The Principal"), of Wilton, Connecticut, and Melentina
Pusztay of Westport, Connecticut ("Consultant"), with reference to the following
facts:

     A.   Consultant possesses special skills, knowledge and qualifications
          beneficial to the business of the Principal, which is the
          manufacturing and marketing of Bio-fuel.

     B.   The parties hereto desire to enter into an Agreement under which the
          Consultant will provide consulting services to the Principal in
          connection with the development, manufacturing and marketing of
          Biofuel products, writing a business plan, managerial solutions and
          power point presentation.

     C.   The parties intend that Consultant shall be an independent contractor
          with the Principal under this Agreement and not an employee of the
          Principal.

     NOW, THEREFORE, in consideration of the mutual agreements and covenants
contained herein, and for other good and valuable consideration, the receipt and
sufficiency of which is hereby acknowledged, the parties do hereto agree as
follows:

1.   Engagement and Term. The Principal hereby engages the services of the
     Consultant and the Consultant accepts such engagement on the terms and
     conditions set forth herein for a term commencing as of January 1, 2003 and
     terminating on December 31, 2003.

2.   Duties. Consultant shall be engaged to provide consulting services for the
     Principal with respect to the conduct of its business as described above.
     Consultant shall perform such duties pertaining to the Principal's business
     as the Principal and Consultant shall from time to time mutually agree in
     connection with the Principal's business. Consultant shall be responsible
     for developing a Business Plan and a power point presentation for the
     Company.

3.   Nature of Services. Consultant agrees to perform diligently and to the best
     of his talents, skills and expertise, all services which is required to
     perform under this Agreement and to devote such productive time thereto as
     Consultant reasonably determines to be necessary and appropriate to fulfill
     Consultant's obligation hereunder. Consultant shall not delegate the
     performance of any such services to any other person, firm or corporation
     without the prior written consent of the Principal. Consultant shall have
     the right to engage in any other gainful activities and businesses in his
     sole and absolute discretion, provided that Consultant hereby agrees that
     it shall not engage in a any activities and businesses which conflict or
     compete with the activities and business of the Principal. Consultant's
     services hereunder need not be performed at the Principal's offices. The
     Consultant agrees to provide five (5) hours of consulting a week to the
     Principal and it's associates and agrees to physically come to the
     Principal's office when necessary and agrees to travel on the Company's
     behalf or as mutually agreed.

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4.     Compensation. The Principal shall pay to Consultant, and Consultant
       agrees to accept as payment in full for all services rendered by it to
       the Principal during the term hereof as compensation, one hundred forty
       thousand (140,000) shares (the "Shares") of International Biofuel and
       Biochemical Corporation ("IBBC") common stock. In the event the shares
       are restricted securities as defined in the Securities Act of 1933 (the
       "1933 Act"), Principal agrees that in the event Consultant elects to
       register the shares pursuant to the 1933 Act, Principal will cooperate
       and assist Consultant in filing a Registration Statement Form S-8 at such
       time after the shares have been issued to the Consultant.

5.     Expenses and Taxes. The Consultant shall be solely responsible for all
       out-of-pocket expenses incurred by Consultant in the performance of its
       duties hereunder, except that the Consultant shall be reimbursed by the
       Principal for travel expenses incurred in fulfilling his duties as herein
       described. Additionally, the Consultant shall be responsible for its
       income tax liability consistent with his status as an independent
       contractor.

6.     Confidential Relationship Created by Agreement. Consultant acknowledges
       and agrees that this Agreement creates a relationship of confidence and
       trust on the part of Consultant for the benefit of the Principal. During
       the term of this Agreement, Consultant may be responsible, in whole or in
       part, for the creation of, or may acquire certain "Confidential
       Information" (as herein-after defined) from or regarding the Principal's
       employees, agents, and representatives or documents, or otherwise as a
       result of performing the services of Consultant hereunder. Consultant
       acknowledges and agrees that the Principal would not have entered into
       this Agreement unless the Principal were assured that all such
       confidential information would be held in confidence by Consultant, in
       trust for the sole benefit of the Principal, and according to the terms
       set forth in this paragraph 6.

       During the term of this Agreement and at all times thereafter, Consultant
       shall keep all of the Confidential Information in confidence and shall
       not disclose any of the same to any other person, except the Principal's
       personnel entitled thereto and other persons designated in writing by the
       Principal. Consultant shall not cause, suffer or permit the Confidential
       Information to be sued for the gain or benefit of any party outside of
       the Principal or for Consultant's personal gain or benefit outside the
       scope of Consultant's engagement by the Principal.

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       The term "Confidential Information", as used herein, means all
       information or material not generally known by the general public which
       (a) gives the Principal some competitive business advantage or the
       opportunity of obtaining such advantage or the disclosure of which could
       be detrimental to the interests of the Principal; (b) which is owned by
       the Principal or in which the Principal has an interest and (c) which is
       either (I) marked "Confidential Information", "Proprietary Information"
       or other similar marking, (II) known by the Consultant to be considered
       confidential or proprietary by the Principal or (III) from all of the
       relevant circumstances should reasonably be assumed by Consultant to be
       confidential and proprietary to the Principal. Confidential Information
       includes, but is not limited to, the following types of information and
       other information of a similar nature (whether or not reduced to
       writing): trade secrets, inventions, drawings, file data, documentation,
       diagrams, specifications, know how, processes, formulas, models, flow
       charts, software in various stages of development, source codes, object
       codes, research and development procedures, research or development and
       test results, marketing techniques and materials, marketing and
       development plans, price lists, pricing policies, business plans,
       information relating to customers and/or suppliers' identities,
       characteristics and agreements, financial information and projections,
       and employees files. Confidential Information also includes any
       information described above which the Principal obtains from another
       third party and which the Principal treats as proprietary or designates
       as Confidential Information, whether or not owned or developed by the
       Principal. NOTWITHSTANDING THE ABOVE, HOWEVER, NO INFORMATION CONSTITUTES
       CONFIDENTIAL INFORMATION IF IT IS GENERIC INFORMATION OR GENERAL
       KNOWLEDGE WHICH THE CONSULTANT WOULD HAVE LEARNED IN THE COURSE OF
       PERFORMING SIMILAR CONSULTING SERVICES ELSEWHERE IN THE TRADE OR IF IT IS
       OTHERWISE PUBLICLY KNOWN AND IN THE PUBLIC DOMAIN.

       Consultant agrees not to make any written use of or reference to the
       Principal's name for nay marketing, public relations, display or other
       business purpose or make any use of the Principal's facilities for any
       activity unrelated to the express business purposes and interests of the
       Principal under this Agreement, without the prior consent of the
       Principal, which consent may be withheld or granted in the Principal's
       sole and absolute discretion.

       Consultant acknowledges and agrees that the remedy at law for the breach
       of any provisions of this Paragraph 6 may be inadequate and that the
       Principal shall be entitled to injunctive relief without bond, in
       addition to any other rights or remedies which the Principal may have for
       such breach.

       Consultant agrees that the obligations, covenants and agreements of the
       Consultant and the rights of the Principal as set forth in this Paragraph
       6 shall survive any termination expiration of this Agreement.

7.     No Conflicting Agreements. Consultant warrants and represents that there
       are no agreements to which it is a party which would prevent its timely
       and complete performance of the terms and conditions of this Agreement,
       and Consultant agrees not to enter into any such agreement during the
       term of this Agreement.

                                       43
<PAGE>

8.     Indemnification. Each party, (Indemnifying Party) agrees to indemnify and
       hold harmless the other party (Indemnified Party) and each of the
       Indemnified Party's directors, officers, agents, employees, and
       controlling persons against any losses, claims, damages, or liabilities
       related to or arising out of any actions or omissions committed by the
       Indemnifying Party hereunder (including any violations of applicable
       federal and state securities laws.) The provisions of this section shall
       survive any termination of this Agreement and shall be binding upon any
       successors or assigns of the Principal.

9.     Notice. All notices or demands of any kind which either party hereto may
       be required or desires to serve upon the other party under the terms of
       this Agreement shall be in writing and shall be served upon such other
       party by personal delivery upon such other party or by leaving a copy of
       said notice or demand, addressed to such other party at the address set
       forth below, whereupon service shall be deemed completed, or by mailing a
       copy thereof by certified or registered mail, postage prepaid with the
       return receipt requested, to the appropriate address set forth below.

       If to the Consultant:

                  Melentina Pusztay
                  1655 Post Road E. #19
                  Westport, CT.  06880

       If to the Principal:

                 International Biofuel and Biochemical Corporation
                 5 River Road
                 Suite 301
                 Wilton, CT  06897

       In the case of service by mail, it may be deemed complete at the
       expiration of the third day after the date of mailing. The address to
       which notices and demands shall be delivered or sent may be changed from
       time to time by notice served as hereinabove provided.

10.    Attorneys' Fees. In the event of any action or proceeding between the
       parties hereto to enforce any provision or right hereunder, the
       unsuccessful party to such action or proceeding agrees to pay the
       successful party all costs and expenses, including but not limited to,
       actual attorneys' fees incurred therein by; such successful party, which
       costs, expenses and attorneys' fees shall be included in and as a part of
       any judgment or award rendered in such action or proceeding.

11.    Relationship and Authority. The relationship between the Principal and
       Consultant intended to be created by this Agreement is that of
       independent contractor and nothing herein contained shall be construed as
       creating a relationship of employer and employee or principal and agent
       between the parties hereto. Consultant agrees that it shall neither act
       nor make any representation that is authorized to act as an agent or
       officer of the Principal.

                                       44
<PAGE>

12.    Assignment. The services to be rendered and the duties to be performed by
       Consultant hereunder are of a unique and personal nature. Nothing
       contained in this Agreement shall be construed to permit assignment by
       Consultant of any right or obligation under this Agreement and any such
       assignment is expressly prohibited.

13.    Paragraph Headings. The headings of the several paragraphs of this
       Agreement are inserted solely for convenience of reference and are not
       part of and are not intended to govern, limit or aid in the construction
       of any term or provision hereof.

14.    Entire Agreement. This Agreement is intended to constitute the final,
       entire, complete and exclusive agreement between the parties hereto
       pertaining to the subject matter hereof, and expressly supersedes all
       prior written and oral agreements and understandings between the parties
       hereto with respect to the subject matter hereof.

15.    Engagement of Will. Any continuance of Consultant's engagement by
       Principal and Consultant after expiration of the term of this Agreement
       shall be deemed an engagement of will and shall be subject to termination
       with or without cause by either Principal or Consultant upon delivery of
       notice thereof to the other party. Any such continuance of engagement
       shall be upon the terms and conditions as set forth herein or as
       otherwise mutually agreed between the parties.

16.    Waiver; Modification. No provisions of this Agreement may be amended or
       modified, or the termination or discharge thereof agreed to or
       acknowledged orally, but such may be accomplished only by an agreement in
       writing signed by the party against whom the enforcement of any such
       waiver, amendment, modification, termination or discharge is sought.

17.    Severability. The provisions of this Agreement are severable, and in the
       event that any provision is declared invalid, this Agreement shall be
       interpreted as if such invalid provision were not contained herein.

18.    Applicable Law. This Agreement shall constitute a contract under the laws
       of the State of Connecticut and shall be governed and construed in
       accordance with the laws of said state.

19.    Execution of Documents. The Principal and Consultant shall, whenever and
       as often as reasonably requested to do so by any other party, execute,
       acknowledge and deliver or cause to be executed, acknowledged or
       delivered, any and all agreements and instruments as may be necessary,
       expedient or proper in the opinion of the requesting party to carry out
       the intent and purposes of this Agreement.

20.    Counterparts. This Agreement may be executed simultaneously in any number
       of counterparts, each of which shall be deemed an original but all
       together shall constitute one and the same Agreement.

                                       45
<PAGE>

     INTENDING TO BE LEGALLY BOUND, the parties hereto have executed this
Agreement as of the day and year first set forth above.

"CONSULTANT"                                  "PRINCIPAL"
                            International Biofuel and Biochemical Corporation

___________________________     By_______________________________
Melentina Pusztay                   LeeRoy Allen, Jr., President

                                       46

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